XAUUSD - SOLD THE NEWSWe sold the news this time. Entered a small short.
Just under our rule of 1:5 Risk Reward.
NEWS
GOLD PENDING BREAKOUT4H has a small channel.
1H inside a range/consolidation.
1H range/consolidation breakout is probably the better confirmation for direction/entry.
Major news at 8:30. So prob will get the breakout confirmation around 9 am or 10 am.
XAUUSD Short Setup: Potential Sell Opportunity!We're eyeing a short opportunity on XAUUSD around the $2355-2360 range, where the price is expected to encounter resistance. This level coincides with the Fibonacci 0.50 retracement level, a key trendline test, and upcoming PMI news, suggesting a potential reversal. Heightened geopolitical tensions further support the bearish bias. Stay tuned for detailed analysis and trade insights!#XAUUSD #ForexTrading #ShortSetup #TechnicalAnalysis #GeopoliticalFactors #PMINews
Fundamental and technical analysis in the world of cryptocurrenOn the 1-day timeframe chart.
Hello! We have conducted an analysis of Bitcoin prices at the time of various forums and events in the cryptocurrency and blockchain space. Now let's dive deeper and examine the fundamental and technical aspects of this data. We will look at how forums influence the price of Bitcoin, what factors determine price movement after events, and what conclusions can be drawn from the technical analysis of charts.
I have divided the entire list of events into groups based on their names for a clearer and more detailed study of patterns, and let's consider the differences between them:
Displaying technical analysis.
Bitcoin Events - Orange color.
Consensus Events - Green color.
Blockchain Events - Pink color.
Group 1: Bitcoin Conference:
Bitcoin 2012 Conference
Bitcoin 2013 Conference
Bitcoin 2014 Conference
Differences: These conferences are focused on Bitcoin as the first and most well-known cryptocurrency. Probably, these events discussed technologies and innovations related specifically to Bitcoin. Perspectives on the development and future of Bitcoin could have been considered.
Group 2: Consensus: Consensus 2015 Consensus 2016 Consensus 2017 Consensus 2018 Consensus 2019 Consensus 2021 Consensus 2023
Differences: Consensus is the largest annual event organized by CoinDesk dedicated to cryptocurrencies and blockchain. These conferences usually discuss a wide range of issues, including technical, regulatory, economic, and other aspects of cryptocurrencies and blockchain. Consensus often attracts attention from major industry players, including representatives of financial institutions, technology companies, government agencies, and other stakeholders.
Group 3: Blockchain Expo:
Blockchain Expo North America 2016
Blockchain Expo Europe 2017
Blockchain Expo Europe 2018
Blockchain Expo Global 2020
Blockchain Expo North America 2024
Differences: These events are oriented not only towards cryptocurrencies but also towards blockchain technology as a whole. Various applications of blockchain in different industries, such as finance, healthcare, logistics, and others, are discussed. Both technological innovations and practical examples of blockchain usage are presented. These groups have different inclinations and focuses in their themes, allowing participants to choose events based on their interests and expectations.
Technical Analysis:
Let's develop a trading idea, considering all forums and Bitcoin prices at the time of each event. We will also examine the further movement of the price after each forum and add some reflections on technical analysis.
1. Bitcoin 2012 Conference:
- Date: September 15-16, 2012.
- Bitcoin price at the time: $12.
- Further price movement: After the forum, the price continued its upward trend, increasing to $105 by the next forum.
- Technical analysis reflections: The upward trend is confirmed by increasing trading volumes, and highs/lows are rising.
2. Bitcoin 2013 Conference:
- Date: May 17-19, 2013.
- Bitcoin price at the time: $122.
- Further price movement: After the forum, the price continued to rise, reaching $444 by the next forum.
- Technical analysis reflections: The upward trend intensified, indicating a bullish market continuation. It's important to note that after the forum, the price decreased by -44%, suggesting possible manipulation by a large player (shaking out weak hands).
3. Bitcoin 2014 Conference:
- Date: May 15-17, 2014.
- Bitcoin price at the time: $440.
- Further price movement: After the forum, the price initially rose to $666 but then began to fall, reaching $230 by the next forum.
- Technical analysis reflections: The price increase was driven by news surrounding the forum, but technically, the asset price was approaching an upward trend. It's also crucial to note that the price of Bitcoin decreased by 61.3% leading up to the forum - this could have created an illusion of a bottom! Overall, after the forum, the asset price decreased by an additional 62.2%.
4. Consensus 2015:
- Date: May 10-12, 2015.
- Bitcoin price at the time: $244.
- Further price movement: After the forum, the price of Bitcoin began to gradually rise, reaching $444 by the next forum.
- Technical analysis reflections: A rising trend begins to form on the chart after a correction. It's important to note that the price at the time of the forum was at resistance of a descending trendline, which was later breached.
5. Consensus 2016:
- Date: May 2-4, 2016.
- Bitcoin price at the time: $444.
- Further price movement: After the forum, the price of Bitcoin continued to rise, reaching $733 by the next forum.
- Technical analysis reflections: The upward trend intensified, potentially leading to increased interest in the asset. After the forum, the asset price tested the ascending trendline and saw an impulse rise of +74%.
6. Blockchain Expo North America 2016:
- Date: November 29-30, 2016.
- Bitcoin price at the time: $733.
- Further price movement: After the forum, the price of Bitcoin continued its rapid rise, reaching $2,424 by the next forum.
- Technical analysis reflections: There is an increase in volatility and acceleration of the upward trend. Similar to the previous forum, there was an impulse rise of +52% from the support of the ascending trendline.
Important! After forums 5 and 6, the price aggressively rose, but the most crucial aspect was the return of the price to the ascending trendline, thus deflating all rises by 70-90%!
7. Consensus 2017:
- Date: May 22-24, 2017.
- Bitcoin price at the time: $2,424.
- Subsequent price movement: After the forum, the Bitcoin price continued to rise, reaching $2,525 by the next forum.
- Technical analysis reflections: The trend continues to strengthen, and the market experiences a phase of active participation in the bull rally. It's also worth noting that the price leading up to the forums increased by +150% from the same ascending trendline on which forums 5 and 6 were held.
8. Blockchain Expo Europe 2017:
- Date: June 1-2, 2017.
- Bitcoin price at the time: $2,525.
- Subsequent price movement: After the forum, the Bitcoin price began a rapid ascent, reaching $8,131 by the next forum.
- Technical analysis reflections: There is a continuation of the aggressive upward trend with high volatility, attracting traders' and investors' attention. After the forum, the price renewed all previous highs and peaked at $19,111.
Important! It's worth noting that the next forums 9 and 10 will take place after the global ascending trendline has already been breached...
9. Consensus 2018:
- Date: May 14-16, 2018.
- Bitcoin price at the time: $8,131.
- Subsequent price movement: After the forum, the Bitcoin price fell to $6,069 by the next forum.
- Technical analysis reflections: The market experiences volatility and correction after a prolonged period of growth. While the forum carried a positive sentiment, technically, the price was in a descending trend. A decline of -29% was observed.
10. Blockchain Expo Europe 2018:
- Date: June 27-28, 2018.
- Bitcoin price at the time: $6,096.
- Subsequent price movement: After the forum, the Bitcoin price initially rose to the levels of the previous forum at $8,131, but then began to fall again, forming global lows at $3,181.
- Technical analysis reflections: The market undergoes a period of correction after a prolonged downward trend, and the price even attempts to stabilize after breaking through the descending trendline. However, the global descending trend continues.
11. Blockchain Expo Global 2019:
- Date: April 25-26, 2019.
- Bitcoin price at the time: $5,125.
- Subsequent price movement: After the forum, the Bitcoin price continued to rise, reaching $6,363 by the next forum.
- Technical analysis reflections: There is an acceleration of the upward trend with increasing trading volumes.
12. Consensus 2019:
- Date: May 13-15, 2019.
- Bitcoin price at the time: $6,636.
- Subsequent price movement: After the forum, the Bitcoin price initially fluctuated in the range of $7,300 - $8,777, but then began to increase, reaching $13,000, forming an important local maximum.
- Technical analysis reflections: The market steadily rose, forming lows through which ascending trendlines could be drawn! It's important to note that forums 9 and 10 formed resistance levels, which the asset price surpassed due to the news background at forums 11 and 12.
Thus, each forum has its own unique context and impact on the future movement of the Bitcoin price. These data can be used to develop trading strategies and make decisions about entering or exiting positions in the cryptocurrency market.
Continuing the analysis: Forums 9, 10, 11, and 12 formed the meridian of the global accumulation channel. Attention should have been focused on forum 13 and technical analysis!
13. Blockchain Expo Global 2020:
- Date: March 17-18, 2020.
- Location: London, UK.
- Note: Many events in 2020 shifted to an online format due to the COVID-19 pandemic.
- Bitcoin price at the time: $5,666.
- Subsequent price movement: After the event, the Bitcoin price continued to rise, reaching $40,000 by the next forum.
- Reflections: In the face of market uncertainty and the transition of events to an online format, it was possible to rely on a stable trend and consider long-term investments. The price confirmed a global ascending trendline from which there was aggressive buying.
14. Consensus 2021:
- Date: May 24-26, 2021.
- Bitcoin price at the time: $35,000.
- Subsequent price movement: After the forum, the Bitcoin price continued to rise, reaching $40,000 by the next forum.
- Technical analysis reflections: The market experienced a bull rally with increased volatility and heightened investor interest. However, the forum took place when the asset price had already breached a local ascending trendline, so despite the positivity, the price continued to decline to a more significant ascending trendline by -26.71%. After its confirmation, the price formed a global maximum at $69,000, from where a global downward trend began to the levels of $15,479.
15. Blockchain Expo Europe 2022:
- Date: June 1-2, 2022.
- Bitcoin price at the time: $31,000.
- Subsequent price movement: After the forum, the Bitcoin price initially dropped to $30,000, but then began to rise again, reaching $31,000, and continued its downward movement.
- Technical analysis reflections: The market experienced a correction after a rise and was at the support level of an already formed channel ranging from $30,000 to $69,000. However, despite positive news, a support breach occurred, and the asset price fell by -49.01% from the forum date.
16. Consensus 2023:
- Date: May 22-24, 2023.
- Bitcoin price at the time: $26,000.
- Subsequent price movement: After the forum, the Bitcoin price continued to rise overall, reaching $73,000 by the next forum in Dubai (Blockchain Life).
- Technical analysis reflections: The market maintained its upward trend.
17. Blockchain Life 2024:
Date: April 15-16, 2024.
Bitcoin price at the time: $65,858.
Subsequent price movement: After the forum, the Bitcoin price began to decline towards the $61,000 mark.
Technical analysis reflections: The market maintains its upward trend, but it's worth noting that below today's price are trendline supports. Analyzing past upward trends, there is a possibility of a price decrease to these trendlines! The news background is very positive - this may precede a good decline - the reason being that the asset price is at global highs (a local distribution zone).
18.Blockchain Expo North America 2024:
Date: September 18-19, 2024.
Bitcoin price at the time: $???.???(assumed).
Thus, analyzing all the forums conducted and the Bitcoin prices at the time of their occurrence, trends can be identified and the impact of events on cryptocurrency prices understood, which can help in making investment decisions.
After analyzing all the presented events and forums, as well as conducting technical analysis of the Bitcoin price, the following conclusions can be made:
Fundamental Analysis:
Forums and events such as conferences and exhibitions have a significant impact on the cryptocurrency market, especially when new technologies, regulations, and investment opportunities are discussed.
The transition of events to online formats due to the COVID-19 pandemic influenced market perception but did not diminish investors' interest in cryptocurrencies.
Rising trends in Bitcoin price may be associated with optimistic news and announcements at major events, whereas descending trends may be caused by uncertainty or negative news.
Technical Analysis:
Bitcoin price charts show clear growth trends after forums and events, especially if the Bitcoin price starts to increase before the event and continues to rise afterward.
Support and resistance levels on the charts often correlate with the timing of events, confirming their influence on the market.
Conclusion:
Fundamental analysis and technical analysis confirm the importance of events such as forums and conferences for the cryptocurrency market.
Investors can use information about event schedules and price analysis to make decisions about entering or exiting positions in the market.
However, it's important to remember that the cryptocurrency market is always volatile, and no analysis guarantees successful investments. It's always important to conduct your own research and diversify your portfolio.
04/14/2024 - Weekly Watchlist - Video IdeaWeekly Watchlist video idea by @NoFomoCharts
04/14/2024, 08:30PM EST Video Idea.
Technical Analysis & Educational Chart Videos.
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All content is Not financial advice.
The TradingView Digest - April 8thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top ideas from our community, which includes a write-up on Tesla, an informative post about Keltner channels and Bollinger bands, a hot script on trailing stop management, and all the latest headlines, earnings, and economic events.
We hope you find this week's edition exciting and engaging. Let's dive in! 😀
💡 Tesla Stock Down 30% This Year. What Happened to the EV King? - by TradingView
The electric-car maker is in dire need of charging after losing more than $260 billion this year and turning Elon Musk into the biggest loser among the world’s wealthiest. Tesla stepped into 2024 as the world’s largest EV seller with a valuation of more than $780 billion. None of that is true today.
💡 Keltner Channels vs Bollinger Bands - by FXOpen
If you're a trader, you likely know that indicators are valuable tools for identifying trends and determining entry and exit points. Two popular indicators are Keltner Channels and Bollinger Bands. Both help measure volatility, but which one is better? In this article, we'll delve into the differences between the two, explain their components, and discuss which one is best.
🔝 Top Stories
📰 U.S. March Nonfarm Payrolls +303K; Unemployment Rate 3.8%
📰 Johnson & Johnson to Buy Shockwave Medical in $13.1 Billion Deal
📰 Gold Shines Above $2,300, Ends Another Week At Record High
📰 Solar Eclipse On April 8 Could Give Whopping $1.5 Billion Boost To Businesses
📰 New users flock to Ethereum while long-term holders are less active than ever
💵 Earnings highlights from the previous week:
💲 Levi Strauss (LEVI) Q1 Earnings and Revenues Surpass Estimates
💲 BlackBerry reports surprise profit on demand for cybersecurity services
💲 Conagra (CAG) Q3 Earnings Beat, Organic Sales Decline Y/Y
💲 Lamb Weston (LW) Q3 Earnings Lag Estimates, Guidance Lowered
💲 Greenbrier 2Q Revenue Declines But Beats Wall Street's Forecast
💡 Nvidia - Entering a Bear Phase! - by basictradingtv
For more than 6 years, Nvidia stock has been trading in a long-term rising channel formation. The last retest of support occurred in 2021, followed by a +650% rally to the upside. As of now, Nvidia stock is retesting the upper resistance of the channel, and we might see a short-term correction towards the downside to retest the previous all-time high.
💡 Don't Get Duped by the RSI - by ParabolicP
The Relative Strength Index (RSI) is a common technical analysis tool used by traders to gauge whether an asset is overbought (priced too high) or oversold (priced too low). It analyzes price movements over a specific period (often 14 days) and displays a score between 0 and 100. Generally, an RSI above 70 suggests an overbought condition, while an RSI below 30 suggests an oversold condition.
📆 Economic Calendar
⚡️ April 10th (United States) — Core Inflation Rate YoY
⚡️ April 10th (United States) — Inflation Rate YoY
⚡️ April 10th (United States) — FOMC Minutes
⚡️ April 12th (United States) — Michigan Consumer Sentiment Prel
⚡️ April 16th (China) — GDP Growth Rate YoY
🔥 What's New?
✅ New chart type — Volume candles
🌟 Script of the Week
📜 Trailing Management - by Zeiierman
This tool provides an automated and visual approach to trailing stop management, aiding in systematic decision-making for trade entries and exits based on risk-reward metrics.
💭 Our Weekly Thought:
“The trend is your friend.”
We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below.
💖 TradingView Team
📣 Want to be among the first to know all the news? Give us a follow !
🔥🔥GOLD TO 2330🔥🔥❤️MY FOREX TEAM❤️
INFORMATION
Gold price climbs steadily, eyeing Wednesday's $2,300 psychological figure amid high US Treasury bond yields and a soft US Dollar. Speeches from Federal Reserve officials, strong jobs data, and a dip in services business activity weighed on the American currency. Therefore, the XAU/USD spot price is at $2,295, refreshing all-time highs and gaining more than 0.60%.
Recently, Fed Chair Jerome Powell stated the US central bank has time to deliberate about rate cuts, given the strength of the economy and the inflation readings. He reiterated that if the economy evolves as expected, they will cut borrowing costs “at some point this year.”
💲BUY / SELL SIGNAL UPDATES SHORTLY💲 Follow channel for regular updates
Everyone success..👍👍👍
❤️MY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
Gold price soars, supported by weakening US Dollar in face of high Treasury yields.
XAU/USD was boosted by Fed Chair Powell hinting at rate cuts within the year, contingent on sustained inflation decline.
Despite a strong job market as shown by ADP data, indications of a slowdown in services activity contribute to the precious metal's gains.
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
The TradingView Digest - April 3rdHey there! Welcome back to the TradingView Weekly Digest. We are thrilled to announce the successful conclusion of our first-ever paper trading competition - The Leap ! With immense joy, we share that over 90,000 traders enthusiastically participated, executing a staggering 2,700,000 trades and securing an impressive $119 million in profits. Heartiest congratulations to all the winners, and our sincere gratitude to every participant for their overwhelming love and support.
In this edition, we’re excited to spotlight the top posts and ideas from our community. This includes an informative post on using stop-loss orders , a write-up on trading symmetrical triangle patterns , a hot script on volumes , and all the latest headlines , earnings , and economic events .
We hope you find this week's edition exciting and engaging. And don't forget to participate in our Bitcoin halving contest for a chance to win our exclusive T-shirt. Without further ado, let's dive right in! 😀
💡 How to Use Stop Loss Orders in Trading? - by TradingView
In trading, reducing risks is oftentimes all that matters to achieving success. One of the essential tools to protect your investments from steep or unexpected losses is the stop loss order. Understanding how to use stop loss orders can unlock your path to profitability by allowing you to balance your risk and reward ratio.
💡 A Comprehensive Guide to Fibonacci Retracements - by XForceGlobal
Fibonacci Retracements are a set of ratios defined by the mathematically important Fibonacci sequence. This allows traders to identify key levels of support and resistance for price action. The Fibonacci retracement tool, although widely used by many traders, is almost always not correctly used by new traders.
💡 Bitcoin Halving Contest: Time’s Ticking, But When’s It Kicking? - by TradingView
Buckle up, crypto enthusiasts! The Bitcoin Halving is on the horizon, and the countdown has begun. But here’s the twist - every Bitcoin clock out there is telling a different time for when block 840,000 will hit the scene. It’s like they’re all watching different episodes of the same thrilling show. 🍿
🔝 Top Stories
📰 Japan Manufacturers Sentiment Deteriorated for First Time in Four Quarters
📰 AMC Shares Drop 14% to Hover Near Record Lows After Filing to Sell $250M of Stock
📰 Reddit Stock Can’t Get Off the Volatility Train After Another Double-Digit Drop
📰 Bitcoin Halving Countdown: BTC Skyrockets to $71,000 Amidst Market Anticipation
📰 SEC May Delay Ethereum ETF Until December: Bitwise
💵 Earnings highlights from the previous week:
💲 McCormick (MKC) Q1 Earnings & Sales Top Estimates, Grow Y/Y
💲 GameStop Q4 Earnings Highlights: Retail Favorite Stock Plunges After Revenue, EPS Miss
💲 Compared to Estimates, Carnival (CCL) Q1 Earnings: A Look at Key Metrics
💲 Jefferies Financial Group Fiscal Q1 Earnings, Revenue Rise; Dividend Maintained
💲 Walgreens Sees Steep Loss After Major Write-Down of Clinic Operator VillageMD
💡 How To Trade A Symmetrical Triangle Break-Out - by TVM_MENA
A symmetrical triangle is a geometric formation found in technical analysis, often appearing during periods of market consolidation. It's characterized by converging trendlines, typically drawn by connecting a series of lower highs and higher lows. This pattern reflects a balance between buyers and sellers, signaling indecision in the market regarding the future price direction.
💡 Bitcoin Heading Below 20K is A Good Thing! - by WicktatorFX/
This one is a bit of a hack but follows on from my video on how to set 'Stop Losses' on TradingView for Connected Brokers. To set a trailing stop loss, you need to open your broker account, place the trade there, and it will then be reflected on the TradingView interface.
📆 Economic Calendar
⚡️ April 3rd (United States) — Fed Chair Powell Speech
⚡️ April 5th (Canada) — Unemployment Rate
⚡️ April 5th (United States) — Non Farm Payrolls
⚡️ April 5th (United States) — Unemployment Rate
🔥 What's New
✅ New launch: predict market activity with unerring accuracy
✅ Scan your watchlists in Stock, ETF, and Crypto Coins screeners
🌟 Script of the Week
📜 Periodic Activity Tracker - by LuxAlgo
This tool visualizes cumulative buy and sell volume for user-defined periods, offering insights into volume dynamics with customizable options.
💭 Our Weekly Thought:
“ Weak traders focus on results - Strong traders focus on process. ”
We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below.
💖 TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
US OIL (WTI) MARKET ANALYSE. (READ CAPTION)Technical Analysis:
Incorporate key trading indicators such as the double line resistance breakout, pullback support, and demand zone analysis to assess price movements in the US Oil market. Identify channels and trendlines to spot potential breakout or breakdown points, confirming with volume and momentum indicators like relative strength index (RSI) and moving average convergence divergence (MACD). Additionally, monitor the US Dollar Index (DXY) for its impact on oil prices, considering its inverse correlation. Stay vigilant for opportunities at support and demand zones, utilizing these levels for entry and exit points in your trading strategy.
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Gold is moving above $2,200...in this case (read-caption)Gold is moving above $2,200...in this case, it will head towards $2,300
Gold prices did not witness noticeable movements during these moments of trading today, Thursday, after they ended yesterday’s trading at record levels, with investors looking forward to more US economic data to obtain evidence of the course of monetary policy.
Ilya Spivak, head of global macro at Tastylive, said: “The Fed has signaled it wants to lower interest rates, and there are geopolitical risk concerns that remain in the markets around the wars going on right now, whether in Ukraine or in the Middle East, which is... Supports gold.
Spivak added: “Gold prices are range-bound most of the time this month, and a break above the current resistance level at $2,225 per ounce could send prices heading towards the $2,300 level.”
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TSLA 1 MARCH 2024I feel TSLA has started breaking resistances. Let's wait for the momentum to kick in but no shorts should be traded in it.
you can average down here.
NOTE: AVOID SHORTIN TESLA
The USD/JPY pair rises to its highest levels since 1990The USD/JPY pair rises to its highest levels since 1990
The Japanese yen continued its losses during trading on Wednesday, with the USD/JPY pair falling to its lowest levels since July 1990, that is, in nearly 34 years, with the continued strong upward momentum of the American currency and the failure of the recent shifts in monetary policy at the Bank of Japan to give sufficient support to the yen. Japanese.
The dollar/yen pair rose to the level of 151.975 yen during early trading in the session, which is the highest level recorded by the pair since the beginning of July 1990, after the Governor of the Bank of Japan, Kazuo Ueda, stated that the Bank of Japan will continue to maintain its current accommodative policy as long as necessary. To support economic growth.
But the yen was then able to regain some ground and recovered a bit after Japan's Finance Minister, Shunichi Suzuki, came out with an immediate warning, calling for decisive action by the government, a phrase he last used in late 2022, before the Bank of Japan intervened in the forex market. To buy yen and sell dollars.
Last week, the Bank of Japan raised interest rates for the first time in 17 years, but despite this, the Bank of Japan's tightening is expected to occur very gradually, which has reinforced the yen's losses, especially in light of growing expectations that the Federal Reserve may have to wait. longer before he could cut rates, which gave additional support to the dollar.
GBP/USD Analysis: Support Channel Breaks as Dollar Strengthens,GBP/USD Analysis: Support Channel Breaks as Dollar Strengthens, Retest of Demand Zone Imminent
The GBP/USD pair has experienced a significant shift in momentum as the support channel, marked by the crucial level of 1.28063, has been breached. This breach comes amidst a notable surge in the value of the US dollar, which has exerted downward pressure on the GBP pair.
Moreover, recent data indicates a pronounced strengthening of the dollar against various currencies, including the British pound. This strengthening has intensified the bearish sentiment surrounding the GBP/USD pair.
In light of these developments, market sentiment suggests that the GBP/USD pair is now poised for a retest of the demand zone, situated around the level of 1.25030. This zone represents a critical area of support where buying interest could potentially resurface, leading to a temporary halt or reversal of the downward movement.
Traders and investors are closely monitoring the price action around the demand zone for potential signs of bullish reversal or further downside continuation. Factors such as economic data releases, central bank statements, and geopolitical developments will likely play a crucial role in shaping the near-term trajectory of the GBP/USD pair.
Overall, the breach of the support channel coupled with the prevailing strength of the US dollar indicates a bearish outlook for the GBP/USD pair, with attention now turned towards the retest of the demand zone for potential trading opportunities.
March 24' Rejection of 1.09485 --EurUsd-- Fundamental Outlook🎬Since the March 8th touch into 1.09485 Weekly level, we have depreciated 146 Pips on Eur/Usd. In Today's analysis we break down the most important News events of March 24'. These include NFP, CPI, and Interest rates. All of these news events have played a significant role in the downside movement we can observe on EurUsd across the past 2-3 weeks. Leave a rocket and share for more similar analysis in the future. Safe Trading
Gold has retest the resistance and reject now it can go down ?I hope this analyse finds you well. I wanted to bring your attention to the latest developments in the gold market.
Despite facing headwinds from a strengthening US dollar, gold prices are poised for their fourth weekly rise in five weeks. This resilience can be attributed in part to the supportive stance of the US Federal Reserve, which has maintained its commitment to interest rate reductions throughout the current year.
The recent surge in the US dollar, now on track for its second consecutive week of broad gains, has exerted downward pressure on gold prices. This trend follows noteworthy events such as Japan's unsuccessful interest rate hike and Switzerland's surprise interest rate cut, highlighting the contrasting monetary policies between the US Federal Reserve and its global counterparts.
In light of these developments, it's essential to stay informed and agile in our investment strategies.
Should you have any questions or require further clarification, please feel free to reach out.
🛢 CL OIL, H4 🛢 27 March 2024🛢 CL OIL, H4 🛢 27 March 2024
Crude oil prices retreated from significant resistance levels as market sentiment remained tepid ahead of key events. Investors opted to shed high-risk commodities amidst lingering uncertainties. However, losses were tempered by concerns over potential supply disruptions, notably after Russia's directive to companies to curtail output in line with OPEC+ commitments. With US crude inventories registering a significant uptick, attention shifts to the upcoming EIA Oil inventories release and broader economic performance for crucial trading cues.
Oil prices are trading lower following the prior retracement from the resistance level. Suggesting the commodity might extend its losses toward support level.
Resistance level: 82.85, 84.10📉
Support level: 80.20, 78.00📈
USDJPY H4 27 March 2024 USD/JPY, H4 27 March 2024
The USD/JPY pair touched its weakest level against the U.S. dollar for the third time, nearing the 152.00 level, following Japan's first rate hike since 2007. The Japanese Yen has approached intervention levels last seen in 2022, prompting speculation of potential currency intervention by Japanese authorities. The Japanese Finance Minister indicated openness to considering measures to address the weakening yen, further contributing to market speculation regarding potential intervention.
The USD/JPY pair has formed a triple-top price pattern, if a break from current level suggests a solid bullish signal; a drop from current level would suggest a bearish signal. However, there is a divergence as the pair continue to surge
Resistance level: 151.85, 153.35📉
Support level: 149.50, 147.65📈
EURUSD H4 27 March 2024🇪🇺 EUR/USD, H4 🇺🇸 27 March 2024
The EUR/USD pair experienced a modest retracement after bouncing back from its recent low around 1.0800. This retracement was driven by a strengthening of the dollar yesterday, supported by upbeat U.S. economic data. In contrast, the euro lacked significant catalysts for further gains. Moreover, with the euro's Consumer Price Index (CPI) being lower than that of the U.S. and UK, market expectations of a potential rate cut by the European Central Bank (ECB) have been growing, adding downward pressure on the euro.
EUR/USD retraced from its technical rebound, suggesting the pair remain trading with its long-term bearish trajectory. Suggests the pair remain trading with bearish momentum.
Resistance level: 1.0866, 1.0955📉
Support level: 1.0780, 1.0700📈
GBPUSD H4 27 March 2024GBP/USD, H4 27 March 2024
The GBP/USD pair maintained its bearish trajectory following a brief technical rebound earlier in the week. This decline was primarily attributed to positive U.S. economic data, particularly the increase in Durable Goods Orders from-6.9% to 1.4% in February. However, the downward movement was somewhat tempered by a hawkish stance from the Bank of England's Mann, who indicated a more optimistic view on the UK's wage growth compared to the U.S. and EU.
GBP/USD continues to trade lower after a technical rebound. Suggesting that the bearish momentum is overwhelming.
Resistance level: 1.2710, 1.2770📉
Support level: 1.2530, 1.2440📈
XAUUSD H4 27 March 2024🔖XAU/USD, H4🔖 27 March 2024
Gold prices saw a modest rebound, finding support near key resistance levels amid lacklustreeconomic data from the US. The Conference Board's consumer confidence index fell below expectations, signalling persistent concerns about economic activity. As volatility looms with major events and data releases on the horizon, gold's safe-haven appeal is expected to remain robust, potentially buoying prices in the coming days.
Gold prices are trading higher while currently testing the resistance level. Suggesting the commodity might experience technical correction.
Resistance level: 2185.00, 2230.00📉
Support level: 2145.00, 2110.00📈
$SFRX Long with price target of 2020 high 0.0179¢Seafarer Exploration’s SeaSearcher drone is set to take the treasure-hunting world by storm
The current SeaSearcher prototype, getting put to the test in Florida
As any frequent viewer of the Discovery Channel will know, the search for sunken treasure typically involves sifting through the sand, just hoping to unearth gold or silver. The SeaSearcher underwater drone, however, may soon point clients right to the booty.
Currently in functioning prototype form, the battery-electric SeaSearcher is being developed by Florida startup Seafarer Exploration. It was designed by engineer Tim Reynolds, CEO of partnering company Wild Manta.
The vehicle's big claim to fame is that it can detect – and differentiate between – various types of metal buried up to 10 meters (33 ft) beneath the seabed, creating and relaying a 3D digital map of their location.
"I've been given the rights to salvage old Spanish and other types of wrecks along the coastline, here in Florida," Seafarer CEO Kyle Kennedy told us. "All these ships used to dock in Havana, they would load up with gold from the New World, and head up the Gulf Stream before heading across the ocean. Storms would sink them, on their routes. There's over a thousand of these shipwrecks, but the problem is, there's never been equipment that would show you where gold and silver was, under the sand."
The exact means by which the SeaSearcher does allegedly show you is a closely guarded trade secret. However, we have been told that the drone can descend to depths of up to 100 m (328 ft), then cruise about 1 m (3 ft) above the seafloor, emitting electromagnetic, RF and acoustic waves of varying modulation formats as it does so. Utilizing machine-learning-based algorithms running in real time, it analyzes the manner in which any buried metal objects are "energized" by those waves. As a result, the vehicle is reportedly able to determine the depth at which those objects are located, along with the type of metal they're made of.
The SeaSearcher's operator interface displays a 3D map showing the location of buried metal objects
Seafarer Exploration
In a field test recently conducted at a Florida wreck site, the SeaSeacher didn't find any gold or silver, but it is claimed to have identified brass, iron, copper, aluminum, lead and stainless steel items.
The geographical location of the detected metals is determined in two ways. First of all, since radio waves don't travel well through the water, the SeaSearcher tows a floating buoy along the surface above itself. The GPS coordinates of that buoy are recorded and transmitted to the crew, aboard a nearby support boat from which the SeaSearcher was launched.
That said, strong currents or rough weather can cause the buoy to end up a fair distance away from the drone – after all, the cable by which it's towed has to contain some slack, meaning it doesn't go straight down to the SeaSearcher. For that reason, a triangulation system developed by the US Navy can also be used. It incorporates a submerged platform which hangs over the side of the support boat, where it sends and receives sonar pings to and from the drone.
A rendering of the 2nd-generation SeaSearcher, which will be optimized for use in a towfish configuration
Seafarer Exploration
The SeaSearcher can be used as an ROV (remotely operated vehicle), an AUV (autonomous underwater vehicle) that follows a preprogrammed search pattern, or in a towfish setup, wherein it's towed behind a boat.
Since Seafarer doesn't want competitors getting their hands on the technology and figuring out precisely how it works, plans call for the company to instead offer the SeaSearcher and an operator as a service to treasure-hunting clients. Kennedy believes that the service should be available within six months. In the meantime, he hopes to raise funds by using the drone to discover some sunken treasure of his own.
"The world doesn't believe that this device works, right now," he said. "As soon as we prove that it works on treasure, we'll do some white papers and independent tests and all that good stuff. But right now, all I need it to do is show me some massive amounts of gold and silver, and then I don't really care what the world thinks."
Learn More Here: newatlas.com
🛢 CL OIL H4 🛢 25 March 2024🛢 CL OIL, H4 🛢 25 March 2024
Crude oil prices witnessed a slight retreat amidst optimism surrounding potential ceasefire
negotiations between Israel and Hamas. US Secretary of State Antony Blinken's remarks, indicating progress in talks held in Qatar aimed at reaching a ceasefire agreement for Gaza, tempered concerns over oil supply disruptions. This development, coupled with the potential alleviation of geopolitical tensions, contributed to the easing of fears in the oil market.
Oil prices are trading lower while currently testing the support level. Suggesting the commodity might experience technical corrections.
Resistance level: 82.85, 84.10📉
Support level: 80.20, 78.00📈
AUDUSD H4 25 March 2024AUD/USD, H4 25 March 2024
The AUD/USD pair has seen a rebound from its recent lows, buoyed by interventions from the
Chinese government aimed at strengthening the Chinese Yuan in a bid to stabilise it amid recent
weakening. Consequently, the Australian dollar, often viewed as a proxy for the Chinese economy, benefited from the stronger Yuan, experiencing an uptick in value. Traders are now shifting their focus towards the upcoming release of Australia's Retail Sales data on Wednesday, which is anticipated to provide further insights into the strength of the Australian dollar.
The AUD/USD pair has rebounded but remains trading with a bearish trajectory. Suggesting the bearish momentum is overwhelming.
Resistance level: 0.6590, 0.6640📉
Support level: 0.6484, 0.6410📈
