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USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisIn this video, we delve into a comprehensive technical analysis of USDJPY, focusing on its bullish and bearish sentiments through price action analysis. Join us as we uncover potential trading opportunities for the upcoming week by identifying key support and resistance levels within the 4-hour timeframe. On Friday, the Japanese Yen experienced a decline after a three-and-a-half-day struggle, fueled by the strengthening of the US dollar. This was in response to Federal Reserve Chair Jerome Powell's reiterated stance on the necessity of additional rate hikes. During his two-day testimony before Congress, Powell emphasized that U.S. interest rates may rise at least twice more this year to counteract high inflation. Market reactions to Powell's comments led to a significant increase in the likelihood of further rate hikes in July, with markets pricing in a nearly 75% chance of such action. Data released from the Japanese economic docket on Friday indicated that consumer inflation slightly exceeded expectations for the 12-month period up to May. However, a core reading excluding food and fuel prices surged to a 42-year high, indicating persistent inflationary pressures in Japan. These trends are placing increased pressure on the Bank of Japan to consider tightening its monetary policy, although the bank has recently reiterated its commitment to maintaining its ultra-loose policy. Nonetheless, the potential for Japanese monetary policy tightening may contribute to a resurgence in the yen, which has faced considerable downward pressure due to the dovish stance of the Bank of Japan. Additionally, the Japanese currency is rapidly approaching levels that could prompt government intervention in currency markets. USDJPY Technical Analysis (Price Action): In this video, I offered an extensive analysis of the USDJPY market's current structure, with a primary focus on price action-based technical analysis. Special attention was given to key support and resistance levels within the 4-hour timeframe, uncovering potential trading opportunities for the upcoming week. Notably, I highlighted a key level around 143.900, which was recently tested and represents the highest price reached this year. The market's response to this level at the start of the new week will play a pivotal role in determining the direction of price action in the upcoming week. Stay connected to my channel, follow my updates, and actively engage in the comment section to stay informed about further technical developments in the USDJPY market. I wish you the best of luck this week as you navigate the USDJPY market. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
GBPUSD Weekly Outlook: New perspective for the week | Follow-upThis video provides a comprehensive analysis of the bullish and bearish sentiment in GBPUSD, focusing on price action-based technical analysis of support and resistance levels within the 4-hour timeframe. In the previous week, Federal Reserve Chair Jerome Powell emphasizes the necessity for further rate hikes, and adding to the market volatility, the Bank of England surprises with a larger-than-expected rate hike, causing a stir in investor sentiment. This bullish attempt is evident on the charts around the $1.27000 zone, reflecting a momentary boost following the Bank of England's 50 basis point increases to a nearly one-year high. Traditionally, higher interest rates lend support to currencies, but the Pound Sterling faces the risk of a potential recession in the U.K., prompting investors to seek refuge in safe-haven assets like the U.S. dollar. U.K. retail sales data, released recently, reveals a 2.1% annual decline in May, further indicating an economic slowdown. On the U.S. economic front, Federal Reserve Chair Jerome Powell concludes his two-day testimony before Congress, reiterating the potential for at least two more interest rate hikes this year to combat rising inflation. Looking ahead, the trajectory of the Pound Sterling will be influenced by upcoming announcements of Gross Domestic Product data from both economies this week. In light of these latest economic developments, questions arise: If the larger-than-expected rate hike from the Bank of England fails to generate positive price movement for the Pound, how will the United Kingdom navigate its persistent inflationary pressures? This video illustrates a comprehensive analysis of the bullish and bearish sentiment in GBPUSD, focusing on a technical examination of support and resistance levels within the 4-hour timeframe. We uncover how these critical levels can unlock potential trading opportunities for the upcoming week. Notably, I highlighted a key level at the $1.27000 zone, coinciding with the ascending trendline identified in the 4H timeframe. The market's response to this zone at the beginning of the week will wield considerable influence over the direction of price action in the days to come. Stay connected to the channel and remain engaged in the comment section to stay informed about the latest updates and developments. Thank you for watching, and I eagerly anticipate providing you with further insights into my future content. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
XAUUSD | Price Action | New perspective | follow-up detailsDespite the less-than-ideal macroeconomic conditions, the gold bull is still putting up a fight. The recent comments made by Powell regarding potential rate hikes have pushed gold to its lowest point in three months. During his semi-annual testimony on the economy, Powell hinted at the likelihood of more rate increases in the coming months, even though the Fed decided to pause on another hike last week. The rise in U.S. interest rates increases the opportunity cost of holding gold. As a result, the gold price experienced a retreat, driven by the strength of the U.S. Dollar Index, breaking below the crucial $1,935 level that had been a strong buying point over the past four weeks. This breakdown was marked by bearish engulfing candles and a notable increase in trading volume. However, buying pressure around the $1,910 level led to a retest of $1,935, creating a situation where the direction of future price action is still uncertain. In this video, we will conduct a thorough analysis of the XAUUSD market, considering both bullish and bearish sentiments, as well as accumulation and distribution patterns. By examining past price patterns, market behavior, recurring trends, and significant support and resistance levels, we aim to gain valuable insights into the potential actions of buyers and sellers in the upcoming week(s). It is important to highlight the key level at $1,935, which will play a crucial role in determining the direction of price action this week. The reactions observed within this zone on Monday will provide valuable indicators, particularly for the first half of the week. Get ready to seize the opportunities that lie ahead! Make sure to stay tuned for updates that will guide our trading decisions throughout the week. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsDespite three production cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and its allies since October, including support from the Saudis, crude prices have shown limited improvement. This is unexpected, particularly during a time of the year when oil demand should naturally be strong due to summer travel. The Saudis have expressed their desire to see oil prices reach $80 per barrel or higher by next month, or at least by August. However, external factors beyond their control, namely the decisions made by central banks worldwide, call for patience. From the Federal Reserve to the Bank of England, the European Central Bank, and even the Bank of Canada, there is a race to implement one or two interest rate hikes before the end of the year. Any rate cuts could potentially hinder global growth, which serves as the driving force behind oil demand. The crucial question now is whether the bullish sentiment will prevail as global travel rates are expected to increase in July and August. This surge in travel could lead to a critical shortage of crude oil required by U.S. refineries, especially as the Saudis intentionally reduce their oil supply to that particular destination more than others. Additionally, unless extended, the weekly sales of crude from the Strategic Petroleum Reserve will cease, eliminating one of the tools the Biden administration has utilized to keep prices low. In this video, I offer a comprehensive technical analysis of USOILSPOT, focusing on key supply and demand zones within the 4-hour timeframe. By examining these indicators, our aim is to provide valuable insights into the potential direction of price action for USOILSPOT in the upcoming week. Make sure not to miss out on this valuable technical analysis that will enhance your understanding of the future trajectory of USOILSPOT. Stay ahead of the curve by watching the video now! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
FX:USOILSPOT
by darcsherry
Is CVNA setting up a short trade with its pop?CVNA on the 2H chart appears to be retesting the resistance zone established by a head and shoulders pattern over the middle of June. Additionally, on the stochastic RSI it is at a level from which it reversed on May 25th as well as the pivot highs associated with the H & S. While volume is above the running average, it is not a spike and so without high significance. I see CVNA as reversing now or very soon. I will monitor this on a lower time frame and look for an entry. Once I see some indecision HA candles and their color change from green to red accompanied by some volume and/or volatility possibly confirmed by a bearish divergence downtrend on the RSI I will take a short trade and potentially a put option as well. I think short sellers will be stepping in here with volume after the price spike CVNA just completed. I will be among them.
NYSE:CVNAShort
by AwesomeAvani
CLNE Pump to $5.66 in a few Days🐂 Trade Idea: Long - CLNE 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout / Option 🔍 Entry: +/- 4.90 🐿 DCA: No 😫 Stop-Loss: 4.21 🎯 Take-Profit #1: 5.66 (50%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — Clean Energy has a strong weekly support over multiple years in the 4.00 region that was holding strong the last couple of months. After consolidating bullish inside the bigger box on the top right corner we saw a break-out yesterday. Considering the strong weekly support and the successful break-out with one large candle we can try to catch this trade right away. We do not want to see it falling below the it’s local higher low at around 4.22 which leads to our stop loss just below that. This trade should play out in a couple of days. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NASDAQ:CLNELong
by LGNDRY-Capital
1
USDCAD 60 MINS TIME FRAME The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Long
by Tradelikemee
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisThe Japanese yen experienced a slight decline as the Bank of Japan maintained its ultra-loose policy. However, it managed to recover some of its early losses following the BOJ decision, though it remained close to seven-month lows against the dollar. The BOJ opted to keep interest rates unchanged at record lows and expressed its intention to continue the yield curve control policy in support of economic growth. The bank also forecasted above-average strength in the Japanese economy for the year. The yen had been weighed down by expectations of a dovish BOJ, especially as the Federal Reserve signaled a relatively hawkish stance, indicating a widening gap between Japanese and U.S. interest rates. While the Fed had previously paused rate hikes, it foresees at least two more increases this year due to inflation trending above the central bank's target range. Nevertheless, weak U.S. economic indicators such as slowing industrial production, steady jobless claims, and sluggish retail sales raised doubts about the extent to which the Fed could continue raising interest rates. Anticipated higher U.S. interest rates for a longer period are likely to restrict significant gains in Asian markets. In the upcoming week, we will focus on economic events from both the U.S. and Japan, including the BoJ Monetary Policy Meeting Minutes and the Fed Chair's testimony before Congress. How will these events impact the USDJPY from a technical standpoint? During the video, I provide detailed analysis of the USDJPY's bullish and bearish sentiment, primarily focusing on price action-based technical indicators. We identify key support and resistance levels within the 4-hour timeframe to uncover potential trading opportunities. Notably, we highlight a significant level around 142.000 that was recently tested, and how market participants react to this level at the start of the new week may play a critical role in determining the direction of price action in the upcoming week. Stay connected to our channel, follow our updates, and engage in the comment section to stay informed about further developments in the USDJPY market. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
SOXS Bearish Leveraged semi-conductors ETFNVDA turned down today while SOXS rose a bit. On the 30 minute chart is shown to have have been trending down but then reversed in the after-hours trading period albeit with the low volumes typical of after-hours. The relative volatility indicator however showed a dramatic reversal and will be beyond the moving average within the indicator. Overall, I see this as a day trade for June 27th. I have marked out a tight stop loss to minimize risk. This trade which I will enter in the premarket is expectant for 8-9% profit and so a reward to risk of 15:1
AMEX:SOXSLong
by AwesomeAvani
GBPCHF - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
XAUUSD | GOLDSPOT | New perspective | follow-up detailsJoin us as we delve into a comprehensive price action analysis of the XAUUSD market in this video. With the gold price comfortably surpassing the $1,950.00 mark and the USD Index remaining weak, we examine the current market conditions. Investors are divided on whether the Fed will implement two more rate hikes this year, putting pressure on the USD Index. Encouraging signs of cooling inflation contribute to the hopeful sentiment. While the Fed maintained steady interest rates in its recent meeting, it has left room for potential rate increases later in the year, depending on forthcoming data. However, Morgan Stanley holds a different perspective, projecting no further hikes and expecting the Fed to maintain a rate of 5.1% until a 25 bps cut in March 2024. Amidst this dilemma, the market mood is cheerful as uncertainty surrounding the interest rate peak subsides after Fed Chair Jerome Powell's presentation of the dot plot. Now, let's discuss our plans for the upcoming week based on price action analysis. In this video, we conduct a comprehensive examination of the XAUUSD market, assessing both bullish and bearish sentiments, as well as accumulation and distribution patterns. By analyzing past price patterns, market behavior, recurring trends, and crucial support and resistance levels, we gain valuable insights into the potential actions of buyers and sellers in the coming week(s). It is worth nothing that we identify a significant level at 1,960, which is expected to play a major role in determining the direction of price action this week. Despite this zone being a strong selling area in recent weeks, the market's indecisiveness becomes evident, reflecting the uncertainty among market participants. The reactions observed on Monday within this zone will provide valuable indicators atleast for the first half of the week. Stay prepared to seize the opportunities that lie ahead! Don't forget to stay tuned for updates that will guide our trading decisions throughout the week. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
2
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsThe USOILSPOT market witnessed a remarkable surge in momentum last week, fueled by positive economic data from the Chinese government. As a result, USOILSPOT closed around the $72.00 zone, allowing us to secure over 500 pips in profit through multiple entries. The rise in oil prices was primarily driven by increased Chinese demand and supply cuts from OPEC+. China's strong refinery output, reaching its second-highest level on record, contributed to the growing demand for oil. Furthermore, the CEO of Kuwait Petroleum Corp expects Chinese oil demand to continue rising in the second half of the year. It's important to note that the voluntary crude output cuts by OPEC+ and the weaker US Dollar following the Federal Reserve's decision to hold rates unchanged are supporting factors for US oil prices. In this video, we will provide a comprehensive technical analysis of USOILSPOT. We will focus on key support and resistance levels, as well as trendlines identified in the 4-hour timeframe. By examining these indicators, we aim to provide insights into the potential direction of price action for USOILSPOT in the upcoming week. Don't miss out on this valuable technical analysis that will enhance your understanding of the future trajectory of USOILSPOT. Stay ahead of the curve by watching the video now! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
FX:USOILSPOT
by darcsherry
1
GBPUSD Weekly Outlook: New perspective for the week | Follow-upThe GBPUSD surged to a new annual high of 1.2850 as Bank of England (BoE) policymakers prepare for a potential interest rate hike. Meanwhile, the U.S. Federal Reserve (Fed) decided to hold off on an interest rate increase, indicating that the tightening phase is still ongoing. The Pound Sterling remains optimistic as discussions about a pause in the BoE's rate-hike policy continue. Despite the Fed's neutral interest rate decision, the Pound Sterling continued to strengthen amid concerns about a potential recession in the United States. This positive market sentiment is partly due to the relatively weak performance of the U.S. Dollar Index (DXY). BoE Governor Andrew Bailey is confident that inflation will ease, but it is expected to remain high due to labor shortages and elevated food inflation. Additionally, the Pound Sterling's trajectory will be influenced by the upcoming announcements of the consumer price index and the interest rate decision. Based on the latest economic developments, there is a general consensus that the Bank of England will further raise interest rates to combat stubborn inflation in the United Kingdom. In our video, we conducted a comprehensive analysis of the GBPUSD's bullish and bearish sentiment, focusing on price action-based technical analysis of support and resistance levels within the 4-hour timeframe. We discussed how these levels can help identify potential trading opportunities in the coming week, providing insights and analysis on the GBPUSD chart. It is worth noting that we highlighted a range between 1.28500 and 1.27700, and the market participants' reaction to this zone at the beginning of the week may significantly impact the direction of price action in the upcoming week. Stay connected to this channel and stay tuned for updates in the comment section to stay informed. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
ENPH basing for a move towards the consolidation range above?ENPH has broken out of a downwards channel, retested it, formed a series of higher highs and higher lows and is currently basing above rising 10 and 20 MA's at a flattening 50 MA. This bullish price action, combined with the volume analysis indicates that there is a high probability for price to revisit the higher consolidation range to retest the well established resistance level al 230.50 ish. All info is on the chart. NQdecipher
NASDAQ:ENPHLong
by NQunlocked
Acala Network - Falling Node Wedge Pattern!Greetings, Traders! Today, I want to share an exciting technical analysis finding on the trading pair of ACA (the native token of Acala Network) and USDT (Tether). A falling wedge pattern has been identified, indicating the potential for a bullish reversal in the near future. Let's delve into the details! 📈 Trading Pair: ACA/USDT 📅 Timeframe: Daily Chart 📊 Pattern: Falling Wedge 📉 Understanding the Falling Wedge Pattern: A falling wedge is a bullish chart pattern characterized by converging trendlines that slope downward. Typically formed during a downtrend, it suggests diminishing selling pressure and the potential for a reversal. This pattern indicates the possibility of an upward price movement. 🔍 Identifying the Falling Wedge on ACA/USDT: Upon analyzing the daily chart of ACA/USDT, the following observations come to light: 1️⃣ Recent downtrend: The trading pair has experienced a decline in price over the past weeks. 2️⃣ Converging trendlines: The upper trendline connects the lower highs, while the lower trendline connects the lower lows. 3️⃣ Decreasing trading volume: As the falling wedge pattern forms, the trading volume has been declining, indicating a potential reduction in selling pressure. 📈 Price Targets and Trading Strategy: If the falling wedge pattern on ACA/USDT plays out as anticipated, a potential bullish breakout above the upper trendline may occur, leading to a reversal and potential price appreciation. Consider the following price targets: 1️⃣ Target 1: Resistance level near $2.50 2️⃣ Target 2: Psychological resistance near $3.00 🛡️ Risk Management: Managing risk is essential for successful trading. Implement the following risk management techniques: 1️⃣ Set a stop-loss order below the lower trendline to protect against unexpected price movements. 2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy. 🔔 Conclusion: Keep a close eye on the ACA/USDT trading pair as it develops this falling wedge pattern. The pattern suggests the potential for a bullish reversal on the horizon. However, please note that technical analysis is not infallible, and market conditions can change rapidly. Combine this analysis with other relevant factors before making any trading decisions. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions. Happy Trading! 📈💰 #tradingview #technicalanalysis #fallingwedgepattern #ACA #USDT #AcalaNetwork #cryptotrading #chartpatterns #bullishreversal #tradingstrategies #investing #finance #marketanalysis
Long
by STP_MrNodeItAll
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisIn this video, we delve into a comprehensive technical analysis of USDJPY. We examine the impact of recent fundamental factors, including a surge in US unemployment claims, which led to a sell-off in the US Dollar. The upcoming week is set to witness crucial economic events that will strongly influence the price movements of this currency pair. With indications of a weakening labor market in the US, the release of May's consumer prices index just before the central bank officials' interest rate discussion holds significant importance. While the Japanese Yen struggles to gain an advantage, investors anticipate that the Bank of Japan (BoJ) Governor Kazuo Ueda will maintain the current policy. Governor Ueda has consistently emphasized the necessity of monetary stimulus to maintain inflation above 2%, primarily through increased wages and robust household demand. During the video, I detailed the USDJPY's bullish and bearish sentiment, focusing on price action-based technical analysis. We identify key Support and Resistance Levels in the 4-hour timeframe to identify potential trading opportunities. Notably, highlighted a robust demand zone around the 138.800 area that has consistently counteracted selling pressure in recent weeks, indicating the strength of buyers at this level. This zone may play a crucial role in determining the direction of price action in the upcoming week. Stay tuned to this channel, follow our updates, and engage in the comment section to stay informed about further developments. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn this insight video, we try to unravel the complex dynamics of the market's response to recent events. As the dollar takes a step back amid speculations of the Federal Reserve's imminent pause in rate hikes, the market's reactions become a mixed bag and we don't want to miss out on this opportunity to stay ahead of the curve! Economists predict that the Fed will maintain interest rates in the upcoming week and the latest reading of the consumer price index on Tuesday could help shape expectations. While this development is expected to lend some support to gold, its potential gains may be limited due to the likelihood of sustained higher U.S. interest rates throughout the year. Since mid-May, gold has been trapped within a tight trading range below the influential $2,000 per ounce mark, owing to uncertainties surrounding the Fed's decisions and the overall economic conditions. However, it is believed this might change soon. As economic conditions worsen, the demand for gold as a safe haven could surge, especially as the Fed's rate hike cycle takes a breather, weakening the dollar's support. In this video, we went through a comprehensive analysis of XAUUSD's bullish and bearish sentiment, as well as accumulation and distribution patterns. Drawing from the examination of past price patterns, market behavior, recurring trends, and crucial support and resistance levels, we had insights into the potential of buyers and sellers in the coming week(s). It is worth noting that we pinpoint a key zone between 1,960 and 1,965, which has played a significant role throughout Friday's trading session. The market's indecisiveness becomes evident within this range, reflecting participants' anticipation of the upcoming interest rate decision. Monday's reactions within this zone will serve as a valuable indicator for the first half of the new week. Be prepared to seize the opportunities that lie ahead! Don't miss the opportunity to gain a competitive edge in your Goldspot trading journey this week. Stay informed and subscribe to receive vital updates that will provide you with valuable insights. Stay one step ahead of the competition and maximize your trading potential. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
OANDA:XAUUSD
by darcsherry
1
GBPUSD Weekly Outlook: New perspective for the week | Follow-upDuring the latter part of the previous week, the GBPUSD price action continued its upward movement as the US Dollar faced obstacles following a less confident recovery. The release of data on Thursday, which showed a surge in the number of Americans filing new claims for unemployment benefits to the highest level in over 1½ years, prompted investors to sell off their US Dollar positions. The upcoming week will feature several significant economic events from both economies that will greatly influence the price movements of this currency pair. With indications of a weakening labor market in the U.S., the release of the latest consumer prices index for May on Tuesday will have a significant impact just before central bank officials meet to discuss interest rates. On the other hand, the Pound Sterling will also be influenced by the release of employment data for May on Tuesday. The preliminary report suggests a projected decrease of 9.6K in Claimant Count Change, contrasting with a significant increase of 46.7 K. The Unemployment Rate is expected to rise to 4.0% compared to the previous release of 3.9%. In the video, we conducted a detailed analysis of the GBPUSD's bullish and bearish sentiment, focusing on price action-based technical analysis of the Support and Resistance Levels in the 4-hour timeframe. I discussed how these levels can help identify potential trading opportunities in the upcoming week, providing insights and analysis on the GBPUSD chart. It's important to note that we highlighted a key level at 1.25900, which could play a significant role in determining the direction of price action in the coming week. Make sure to follow this channel and stay tuned to avoid missing out on updates in the comment section. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
10
Promising Falling Wedge Pattern on $RIVNGreetings, Traders! Today, I'm excited to share a compelling technical analysis finding on the stock of Rivian Automotive ( NASDAQ:RIVN ). A falling wedge pattern has been identified, suggesting the potential for a bullish reversal in the near future. Let's delve into the details! 📈 Ticker: NASDAQ:RIVN 📅 Timeframe: Daily Chart 📊 Pattern: Falling Wedge 📉 Understanding the Falling Wedge Pattern: A falling wedge is a bullish chart pattern characterized by converging trendlines that slope downward. Typically formed during a downtrend, it indicates diminishing selling pressure and the potential for a reversal. This pattern suggests the possibility of an upward price movement. 🔍 Identifying the Falling Wedge on NASDAQ:RIVN : Upon analyzing the daily chart of NASDAQ:RIVN , the following observations come to light: 1️⃣ Recent downtrend: NASDAQ:RIVN has experienced a decline in price over the past weeks. 2️⃣ Converging trendlines: The upper trendline connects the lower highs, while the lower trendline connects the lower lows. 3️⃣ Decreasing trading volume: As the falling wedge pattern forms, the trading volume has been declining, indicating a potential reduction in selling pressure. 📈 Price Targets and Trading Strategy: If the falling wedge pattern on NASDAQ:RIVN plays out as anticipated, a potential bullish breakout above the upper trendline might occur, triggering a reversal and potential price appreciation. Consider the following price targets: 1️⃣ Target 1: Resistance level near $100.00 2️⃣ Target 2: Psychological resistance near $120.00 🛡️ Risk Management: Proper risk management is essential for successful trading. Implement the following risk management techniques: 1️⃣ Set a stop-loss order below the lower trendline to protect against unexpected price fluctuations. 2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy. 🔔 Conclusion: Stay vigilant as Rivian Automotive ( NASDAQ:RIVN ) continues to develop this falling wedge pattern. The formation suggests the potential for a bullish reversal in the near future. However, remember that technical analysis is not foolproof, and market conditions can change rapidly. Consider integrating this analysis with other relevant factors before making trading decisions. Disclaimer: This post is for informational purposes only and should not be construed as financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions. Happy Trading! 📈💰 #tradingview #technicalanalysis #fallingwedge #bullishreversal #RIVN #stockanalysis #chartpatterns #tradingstrategies #investing #finance #marketanalysis
NASDAQ:RIVNLong
by STP_MrNodeItAll
GOOG is in an early reversalGOOG with its dominant search engine, YouTube, Maps and other apps besides cloud services is a revenue gisnt. On the daily chart, it has had a respectable 40% YTD . However, I see signs of a reversal. Added to the chart are the anchored VWAP bands beginning from the earnings of November 2022. Price is in the neighborhood of 3 standard deviations from the mean. This is an area where institutional and professional traders like to sell and earn their profits. Several recent candles had wicks beyond that third standard deviation line. The candle stick analysis is that of a " 3 bar play" - in this case, a green candle then a Doji candle suggesting indecision and finally, a red candle documenting the change in direction. The ADX indicator shows the weakening of trend directional strength topping out and then decreasing. The POC line of the long-term volume profile is about the same level as the mean VWAP line. That is to say, there is congruence there and so a very strong buying zone with high volatility Overall I will take a short trade in 20 shares of GOOG with a stop loss at 129 and take a profit of half at 106 ( above the POC line) and the other half at half at 103 ( near VWAP) using a sell- stop order when the price crosses $ 0.25 below market to assure the direction validation. If the trade goes in my direction to the target I expect a R0! of 15- 18% overall. IF you want to know my idea of a good option trade leave a comment. IF you take a short trade on the stock, I wish you the best of luck in your trade. I will adjust stop loss down to the entry price when the stock price goes under 120 to make the trade risk-free and then decrease the stop loss price by 4.50 upon market of 115. When the market goes under 110, I'll change the stop loss to a trailing loss of 2 % and when it goes under 108 change the trailing loss to 1% as alerted by alerts on the price that I have setup to minimize screen time in trade management .
NASDAQ:GOOGShort
by AwesomeAvani
3