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USDCAD 1D Analysis: Anticipating a Breakout📅 Let's dive into today's analysis. We'll be focusing on the USDCAD pair in the 1D time frame. ⌛️ Long-term Range Box In the 1D time frame, we observe a large, long-term range box that spans 664 days. This box has experienced a complete High Wave Cycle (HWC) range, which is confirmed by the flat SMA99, indicating minimal slope and nearly flat movement over a long period. ♟ Key Levels Range Box Bottom: 1.31434 Range Box Top: 1.38725 Breaking either of these lines will likely initiate a new trend for the HWC. Medium Wave Cycle (MWC) Support: 1.35973 MWC Resistance: 1.37805 🪤 Momentum Indicators As discussed in yesterday’s analysis, momentum oscillators like RSI are less effective in range-bound markets. In this case, although the RSI broke the 43.14 support, the market did not gain bearish momentum because of the ranging condition. This exemplifies why RSI should not be heavily relied upon in such scenarios. 📉 Bearish Scenario If a candle closes below the 1.35973 area, we can expect the price to move towards the bottom of the range box at 1.31434. This support is crucial and could push the price back to the top of the range. 📈 Bullish Scenario Conversely, if the price breaks above 1.37805, it may move towards the top of the box at 1.38725. However, this move is less likely due to the weakness observed in the green candles, indicating weaker buyer strength. 🔍 Candle Analysis Examining the candles shows that reaching the top of the range box takes significant time, with small green candles. Conversely, reaching the bottom of the box from the top happens quickly with strong red candles. Given the weak green candles in the latest upward move that didn't even reach the top of the box, the likelihood of a downward breakout is higher. 🎯 Target Levels In case of a downward breakout, switching to the weekly time frame helps identify important levels: First Target: 1.30183 (0.5 Fibonacci level) Second Target: 1.27624 Third Target: 1.22926 (a very significant support for this pair) 📝 Conclusion The USDCAD pair is currently trading within a long-term range, showing weak buyer momentum and stronger bearish tendencies. A breakout from this range, particularly to the downside, seems more probable given the current market conditions. Traders should watch key levels closely for confirmation and be ready to act accordingly once a breakout occurs. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a pair you'd like me to analyze next.
Short
by itsparham96
1
Gold price edges lower as PBoC keeps Gold buying on hold☘️Fundamental analysis Gold prices attracted some selling during early European trading on Monday. Gold lost momentum as the People's Bank of China (PBoC), China's central bank, kept its gold purchases unchanged for the second month of June, according to official data released on Sunday. It should be noted that China is the world's largest consumer of gold bars, and a pause in gold purchases could affect gold prices. On the other hand, growing speculation that the US Federal Reserve (Fed) will cut interest rates in the third quarter could push up unprofitable gold prices. Furthermore, political instability in France after voter opinion polls showed the final round of voting in the French parliamentary election pointed to a hung parliament, which could spur Safe haven assets like Gold. Traders will pay closer attention to Fed Chairman Jerome Powell, who will testify on Tuesday ahead of June US Consumer Price Index (CPI) inflation data on Thursday. ☘️Technical analysis Gold price decreased slightly during the day. Technically, the yellow metal maintains a bullish bias on the daily chart as it holds above the 34 EMA and 89 EMA. The precious metal maintains a breakout above the formed descending trend channel formed on May 10. RSI reacts at the 50 zone, signaling that gold will still maintain its upward momentum today. The first upside barrier for XAU/USD will appear at the psychological $2,400 level after overcoming Friday's peak around 2392. On the downside, support for the yellow metal lies at $2,370, a break out of a key multi-day high. Support: 2378 -2370 - 2364 - 2360 Resistance: 2385 -2393 - 2400 SELL price range 2398 - 2400 Stoploss 2403 BUY price range 2370 - 2368 Stoploss 2365
OANDA:XAUUSD
by TVS-Trader
ETH Target REACHED ! Follow my Ethereum Analysis For those who followed my last analysis of ETH on the daily timeframe and had the patience to wait until we reached our target, I am pleased to inform you that we have reached a very important point of interest where there is a high probability that the price will consolidate a bit before bouncing back. So far, the analysis has gone perfectly according to plan. Since Sunday, I have opened a percentage, and if it continues to drop a bit more, I will keep adding. Regards, and thank you for your support.
COINBASE:ETHUSDLong
by RocketMike111
EUR/USD: Awaiting a Breakout from the Symmetrical Triangle📅 Let's dive into today's analysis. We'll be focusing on the EUR/USD pair in the daily time frame. 🧲 Symmetrical Triangle Formation In the daily time frame for EUR/USD, we can observe a symmetrical triangle pattern. Currently, the price is in the last third of this triangle, indicating that the best course of action is to hold off on trading this pair until one of the dynamic lines is broken. 🎲 Moving Averages The moving averages are not particularly useful for analysis right now. As you can see, the SMA99 has flattened out, indicating a lack of momentum in the market. 🪤 Momentum Oscillators Given the lack of momentum, there's no reason to use momentum oscillators like the RSI. These oscillators are only useful in markets with momentum, so checking the RSI would just provide unnecessary data. 🧩 Breakout Scenarios If the descending trendline is broken and the price stabilizes above this area, we can expect the price to move up to the 1.11056 resistance level. The trigger for this scenario to be activated is at 1.09066. ⚡️ If the 1.09066 trigger is not activated, we need to wait for a new structure to form and draw new triggers on the chart accordingly. If the ascending trendline is broken, the trigger for this scenario is 1.06774. The next support level is very close to the price, at 1.06057, which aligns with the 0.382 Fibonacci level in the weekly time frame, forming a crucial area. 📉 Downside Targets If the price declines, the final target I see is 1.04225, which corresponds to the 0.5 Fibonacci level on the weekly chart. However, there is also a significant support zone between 1.04225 and 1.05007, where substantial demand is likely to enter the market, making it difficult to break through easily. ⌛️ Apex Point of the Triangle The converging lines of the triangle always intersect at a point called the apex. From a timing perspective, this is an interesting point. Although it's not always exact, we can expect a potential structural change around November 29. This change could be a continuation of the trend, a reversal, or the end of the current trend. Typically, something significant happens around this time. 🎈 Range-Bound Market Scenario If the price ignores the trendlines and starts ranging, the triggers at 1.09066 and 1.06774 can still be relevant. However, a ranging market will likely create a new structure and provide new triggers accordingly. 📝 Conclusion The EUR/USD pair is currently trading within a symmetrical triangle, indicating indecision and low momentum in the market. The moving averages and momentum oscillators provide little insight due to the flat market. Traders should wait for a breakout from this triangle to confirm the next direction of price movement. Whether the breakout is to the upside or downside, it will set the stage for subsequent trading opportunities. Patience is key until clear signals emerge from this consolidation pattern. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.
by itsparham96
1
XAUUSD - GOLD PRICE DECREASED AT THE BEGINNING OF THE WEEK💵GOLD PRICE AND ECONOMIC INFORMATION Gold eased below $2,390 per ounce on Monday after rising over 1% in the previous session, but remained close to six-week highs, driven by increased expectations of early rate cuts by the Federal Reserve following soft US economic data. Friday’s data indicated a weakening US labor market, with the unemployment rate rising to a two-and-a-half-year high and wage growth falling to a three-year low. 🔴SELL GOLD: 2396 - 2398, SL: 2402 🟢BUY GOLD: 2362 - 2360, SL: 2356 ⛔️Breakout: top border 2393 -2397 - below 2378 - 2369 🔼Support: 2378 -2370 - 2364 - 2360 🔽Resistance: 2385 -2393 - 2397 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
SWING IDEA - AEGIS LOGISTICS Aegis Logistics , with its robust market presence and expertise in logistics and supply chain solutions, presents an attractive opportunity for swing traders. Reasons are listed below : Cup and Handle Pattern : Aegis Logistics is exhibiting a classic cup and handle pattern, suggesting a potential bullish continuation. Breakout and Retest : After multiple tests, the stock broke above the crucial 400 level and has now retested it successfully, indicating strong buying interest and potential upward momentum. Bullish Marubozu Candle : A bullish Marubozu candle on the weekly timeframe, engulfing four previous weekly candles, signals strong buying pressure and potential upward momentum. Attempt to Breach All-Time High : Aegis Logistics is attempting to breach its all-time high, indicating strong upward momentum and potential for further gains. 0.5 Fibonacci Support : Finding support at the 0.5 Fibonacci level reinforces the bullish outlook, providing a strong foundation for potential upward movement. Breakout from Consolidation : The stock has broken out from a consolidation phase lasting over three years, suggesting a significant shift in market sentiment and potential for sustained movement. 50 EMA Support : The 50-period Exponential Moving Average (EMA) on the weekly chart acts as reliable support, reinforcing the bullish bias. Increased Volumes : Notable increase in trading volumes reflects heightened market interest and potential accumulation by investors, adding confirmation to the bullish thesis. Target - 520 // 600 Stoploss - weekly close below 380 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
ALong
by Visionary_Growth_Insights
2
EURUSD July 4 analysisEUR/USD surged and rose above 1.0810 to touch its highest since June 12 on Wednesday. The pair remained in consolidation near 1.0800 early Thursday. Disappointing macroeconomic data from the United States triggered a sell-off in the US Dollar (USD) during US trading hours on Wednesday and gave the EUR/USD pair a boost. EUR/USD rose above 1.0800 on Wednesday, where the 100-day and 50-day Simple Moving Averages (SMA) converged, but failed to make a daily close above this level. Once 1.0800 is confirmed as support, technical buyers may remain interested. In this scenario, 1.0840 (23.6% Fibonacci retracement level of the latest uptrend) can be considered as temporary resistance before 1.0900 (psychological level, static level). In case 1.0800 remains resistance, 1.0760 (50% Fibonacci retracement) and 1.0730-1.0740 (61.8% Fibonacci retracement, 20-day SMA) can be considered Support level. Trading signals SELL EURUSD zone 1.08450-1.08650 ↠  Stoploss 1.08800 → Take Profit 1 1.08000 → Take Profit 2 1.07400 BUY EURUSD zone 1.07600-1.07400 ↠  Stoploss 1.07300 → Take Profit 1 1.08000 → Take Profit 2 1.08600
by TVS-Trader
4
Gold has wanted to break the sideways border for many weeks💥Fundamental analysis Gold prices started fresh bids during the European session on Wednesday and look set to continue the previous day's recovery from the 2,319-2,318 support zone. Gold is currently near the top of the short-term trading range that has been in place for the past week or so, . Bets that the US central bank will begin a rate-cutting cycle at its September meeting were reaffirmed by seemingly dovish comments from Federal Reserve Chairman Jerome Powell. . Additionally, concerns about a slowdown in global economic growth, persistent geopolitical tensions along with political instability in the United States and Europe act as drivers for the precious metal. . Gold price upside may be limited as traders may refrain from aggressive bets and want to wait for more signals on the Fed's future policy decisions. focus will remain on the release of FOMC meeting minutes and the US economic calendar - including ADP report and ISM PMI on services, Nonfarm will influence US Dollar price dynamics (USD) in the short term and create new directional momentum for the yellow metal. Overall, it can be seen that the market wants to go up rather than continue falling to 2300, so investors are still waiting for a recovery to buy long-term. 💥Technical analysis Recent range-bound price action points to hesitation among traders about the near-term trajectory. At the trading hour of the European trading session, the price of gold was pushed out of the price range of 2340. The buyers wanted to break the sideway structure of the market. When breaking the structure of 2345, gold soon regained its strength around the old peak of last month at $2,365. Some follow-through buying will allow bulls to reclaim the $2,400 round mark On the upside, the $2,319-2,318 area now appears to have emerged as strong immediate support ahead of the $2,300 mark and the $2,285 horizontal zone. With market sentiment pushing prices up, it is difficult for bears to regain their advantage at hook 2285. Support: 2320 - 2310 -2302 Resistance: 2343 - 2350 -2360 SELL price range 2358 - 2360 stoploss 2363 BUY price range 2310 - 2308 stoploss 2295
OANDA:XAUUSD
by TVS-Trader
Gold weakened at the beginning of the weekGold prices started the new week at a mild level and fluctuated within a range below multi-day peaks. Important US inflation data reaffirms market expectations that the Federal Reserve (Fed) may cut interest rates in September and again in December. This, in turn, will pull the Dollar The US dollar (USD) is off the peak reached last week and this is the main factor acting as support for the commodity. Persistent geopolitical tensions and uncertainty about the final outcome of France's shock election have provided some support for safe-haven Gold prices. Meanwhile, the Fed is expected to cut interest rates only once in 2024, while officials still argue in favor of keeping rates higher for longer. This lifted US Treasury yields to multi-week highs and capped the yellow metal's yield. Gold is still trading between the EMA 34 and EMA 89 of the h4 frame, showing that gold is hesitant around the 2320-2330 border. A sustained strength beyond this narrow price band has the potential to push Gold prices back to the 2344-2345 resistance area, which if overcome, would allow buyers to reclaim the $2,355 break out mark. Momentum could extend further to reclaim the 2400 key mark once last month's peak resistance of 2385 was broken. On the downside, any slippage from the tight range is likely to find some support near 2310. A convincing break below that threshold would be seen as a fresh trigger for bearish traders and pull prices. Gold down to 2295. The round support area of ​​2300 has almost no meaning anymore to support gold price. Support: 2310-2295 Resistance: 2344-2355 Trading signals SELL GOLD 2355-2357 SL 2360 BUY GOLD 2295-2293 SL 2290
OANDA:XAUUSD
by TVS-Trader
Gold prices fluctuate around a two-week peak☘️Fundamental analysis Firm expectations that the Federal Reserve (Fed) will cut interest rates in September, supported by recent weaker US macroeconomic data, dragged the US Dollar (USD) to lows strongest in more than three weeks and is said to be beneficial for the non-yielding yellow metal. Additionally, persistent geopolitical tensions, coupled with political instability in the United States and Europe, turned out to be another factor driving flows into safe-haven commodities. Traders may also refrain from placing aggressive bets and prefer to wait for the release of monthly US employment details. The widely known Nonfarm Payrolls (NFP) report will influence market expectations about the Fed's future policy decisions. ☘️Technical analysis After a strong breakout from the 2340 resistance zone, gold is being supported by buyers. Gold is approaching the next resistance zone around 2365. Some follow-through buy orders above the $2,365 area will reaffirm the prospect of regaining the $2,400 mark. On the other hand, weakness back to the 2340 zone support, could be seen as a buying opportunity. Next is the support level near the $2,319-2,318 area, which if broken decisively could cause the Gold price to weaken further below the $2,310 mark. Support: 2349-2339-2319 Resistance: 2365-2370-2385 SELL 2365-2367 stoploss 2370 SELL 2385-2387 stoploss 2390 BUY 2339-2337 stoploss 2334 BUY 2319-2317 Stoploss 2314
OANDA:XAUUSD
by TVS-Trader
KAVA PRICE ACTION TRADINGToday i will try to explain how to play with Kava in a simple way. - Remember always that in Cryptos are not easy as forex or stocks, because movements are always brutal. - The first step is always to detect the real trendline. - Detect 3 points. Bouncing Points, Rejection Points. - Some traders use only 2 points, but i am old style trader, so i really need 3 Points to Draw the trend. - Remove the abnormality ( FOMO and PANIC ) - Draw your line. - Now you will need to find PRICE ACTION AREAS. - Those areas can be easily detected by the price fluctuating for a long period of time in the same zone. - For KAVA right now we are fluctuating between $0.75-$1.25$ ( Price action zone 2) - Now you can draw your price action lines. --------------------------------------------------------------------------------------------------------------------------------------------------------------- METHOD 1 --------------------------------------------------------------------------------------------------------------------------------------------------------------- - So to enter a position you need to understand that you never know if you are right, or if you are wrong. anyone have a magic ball. - The best way is to NEVER GO ALL IN. - Keep always more juice to rebuy if the market crash. - For exemple, you could try to enter KAVA Market at 0.75$ (invest 25%), in case of DIP to 0.5$ (re-inject 75%) ( this is very important!!) --------------------------------------------------------------------------------------------------------------------------------------------------------------- METHOD 2 --------------------------------------------------------------------------------------------------------------------------------------------------------------- - Simple wait to see if KAVA will break out the Trendline - in that case you will need to wait the price to break out from triangle (Yellow Triangle) - Again never go all in, on a breakout, some breakout could be fakes. - Keep always Juice. --------------------------------------------------------------------------------------------------------------------------------------------------------------- - More you will understand and detect price movements, supports, resistances, breakouts, more you will trade better. - Price action and trendline are the basic of trading. - indicators are complementary. PS : This method can also be applied by Shorting the market. ( just inverse everything ). - Happy Tr4Ding !
KRAKEN:KAVAUSDLong
by thecryer
14
EURUSD analysis week 29 GBPUSD analysis week 29Even as the PCE inflation report hurts the USD, EUR/USD may still struggle to mount a decisive recovery, as investors hold back while waiting for the Euro's expanding strength before the first round of elections in France. EUR/USD turned sideways last week, capping a dismal trading week after there was little reason to push the pair to trade in a downtrend that was the main trend of the pair. Present. German import prices and labor figures generally missed targets, and US Personal Consumption Expenditures (PCE) price index inflation failed to gain significant momentum despite meeting forecasts. . Next week, European inflation figures will hit the market at the start of the week with German Harmonized Consumer Price Index (HICP) figures on Monday, followed by EU-wide HICP inflation on Tuesday. Next week also marks the next release of US Nonfarm Payrolls (NFP) labor data, expected next Friday. Fiber came face-to-face into technical hurdles on Friday, sinking at the 200-hour Exponential Moving Average (EMA) at 1.0715. The pair continues to battle the 1.0700 handle and so far, the bidders have been unable to pattern lower highs in the short term. The EURUSD pair is still struggling with resistance at 1.075 and support at 1.067 As buyers continue to show signs of exhaustion, a break of the 2024 low at 1.0600 becomes increasingly likely. go out. In case EUR/USD falls below the sideways band, 1.0610 could be set as the next downside target. On the positive side, 1.0750 last week's broad band resistance would serve as interim resistance before 1 ,0800. Support: 1,067-1,061 Resistance: 1,075 - 1,080 BUY EURUSD zone 1.061-1.059 SL 1.057 SELL EURUSD zone 1.079 - 1.081 SL 1.083
by TVS-Trader
2
SWING IDEA - ACCACC has recently emerged as a focal point of interest, presenting a promising buying opportunity when analyzed through the lens of technical indicators. Reasons are listed below : The 2080 levels underwent multiple tests before the price eventually broke through. Currently, the price is in the process of retesting those levels. A bullish marubozu candle is formed on daily timeframe. 0.382 Fibonacci support. Broke strong consolidation of 308 days. The stock price is above 50EMA and 200EMA i.e the trend is intact. Target - 2397 // 2635 // 2777 StopLoss - Daily close below 1970
NSE:ACCLong
by Visionary_Growth_Insights
GBPUSD - Strong Rally Above 1.2675The GBPUSD has traded above the Weekly Key Price of 1.2675, establishing an uptrend in the 15-minute timeframe. Although the weekly, daily, 4-hour, and 1-hour timeframes are bearish, we focus on trading what we observe in the current timeframe. With the price trading above 1.2675 and a bullish wave structure, our action is to either buy or remain on the sidelines as long as the price stays above this key level. Buy Entry: 1.2385 Technical Stop Loss: 1.2665 Key Level Stop: Below 1.2675 Always think in probabilities.
Long
by Charts247TradingAcademy
3
Gold accumulates narrow margin waiting Nonfarm and new Data✨Fundamental analysis: Gold prices attracted some buyers after a pullback to 2319, starting a new week amid bets on a September interest rate cut by the Federal Reserve (Fed). Expectations were reaffirmed by data showing the U.S. manufacturing sector contracted for a third straight month in June and the prices factories pay for inputs fell to their lowest level in a decade. six months. This suggests that inflation is subsiding, which should allow the US central bank to begin lowering borrowing costs. China's economic troubles, persistent geopolitical tensions and political turmoil in the United States and Europe have provided some support for the safe-haven precious metal. The solid recovery in the US Dollar (USD) from multi-day lows has capped any further gains in Gold prices. Benchmark 10-year government bond yields rose to their highest level in a month, seen as a driving force for the USD. Traders are adding signals about the Fed's policy path before placing clear directional bets. Therefore, the focus remains on Fed Chairman Jerome Powell's speech later today and the FOMC meeting minutes on Wednesday. ✨Technical analysis Gold prices have so far been struggling to overcome the crucial resistance level of 2,340. The said barrier is currently anchored near the 2,338-2,340 zone and will act as an important pivotal point. A sustained strength above this level would pave the way for a move towards the next relevant hurdle at 2355-2368. On the downside, weakness below the $2,319-2,318 zone, or the overnight swing low, could find some support near the $2,300 mark ahead of the $2,285 horizontal zone. ✨Support: 2321-2310-2300-2289 ✨Resistance: 2333-2340-2355-2368 SELL GOLD 2340-2342 SL 2345 SELL GOLD 2355-2357 SL 2360 BUY GOLD 2310-2308 SL 2305 BUY GOLD 2300-2298 SL 2295
OANDA:XAUUSD
by TVS-Trader
Comprehensive GBPUSD Analysis Ahead of UK General ElectionThis is a comprehensive analysis of the GBPUSD ahead of the UK General Election scheduled for Thursday, 4th July 2024. The chart has been marked to highlight key levels (Decision-Making Points) on the weekly, daily, and H4 timeframes. Below is a summary based on the price analysis: Weekly: Strong Bearish The wave structure on the weekly chart indicates a bearish expectation. Daily: Bearish Wave Structure The daily chart shows a second bearish wave structure with a lower low. H4: Bearish Wave Structure with Pullback The H4 chart has completed a bearish wave structure and shows a valid pullback. H1: Bearish Momentum This morning, a momentum low was made, and the current pullback aligns with the second bearish wave structure.
by Charts247TradingAcademy