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USD/ CAD !! DOWN correction wave ! 11/4/24 ⭐️ Smart investment, Strong finance ⭐️ USD/CAD INFORMATION: The USD/CAD pair consolidates gains above 1.3650 in Asian trading hours, supported by stronger-than-expected US inflation. The Greenback reached a yearly high of 105.30. Investors are watching for cues from the US Producer Price Index (PPI) later today, with estimates of a 2.2% YoY increase in the headline PPI and a 2.3% YoY increase in the Core PPI. The Bank of Canada (BoC) kept its key interest rate at 5% for the sixth consecutive time since July. BoC Governor Tiff Macklem stated that while recent inflation progress is encouraging, he needs more evidence before considering rate cuts. He also mentioned the possibility of an interest rate cut in June. ⭐️ Personal comments NOVA: After a strong increase in price, the price needs an adjustment - a down wave to create liquidity and wait for the next motivational news. ⭐️ SET UP PRICE: 🔥SELL USD/ CAD zone: 1.36800 - 1.36950 SL 1.37400 TP1: 1.36500 TP2: 1.36100 TP3: 1.35800 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
3
KDA-USDT SELL Update 29/03/2024G-Money's short version analysis based purely on technical analysis only, no nonsense "BS": Stop Loss (SL): -1.626 USDT Entry Point: -1.528 USDT Take Profit (TP): 1.332 USDT PS: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point. ( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & wait for price retracement to ( 1 )- EP-SL area or for the next new set up ;) General extended version of analysis, just for a general education: Let’s analyse the KDA/USDT crypto pair for a potential sell order. We’ll consider both technical and fundamental aspects. Technical Analysis: Price Chart Overview: The KDA/USDT pair is currently trading at 1.457 USDT. Over the past month, it has seen a 27.22% increase in price. However, in the last week, it experienced a 11.38% decline. Key Technical Points: RSI Divergence: The RSI indicator shows divergence, which could signal a potential reversal or continuation pattern. Price Action Resistance Breakout: The pair broke out of resistance levels in both USD and BTC pairs. Ascending Channel: The price is stable above the 100-period moving average, indicating strong upward momentum. Long -Term Target: Based on an expanding wedge pattern, the minimum target for KDA/USDT is around $6.65. Fundamental Analysis: Kadena (KDA): Kadena is a blockchain platform designed for scalability and security. It aims to provide high throughput and low transaction costs. Keep an eye on any upcoming news or developments related to Kadena, as they can significantly impact its price. Trade Parameters: Sell Order: Entry Point: -1.528 USDT Stop Loss (SL): -1.626 USDT Take Profit (TP): 1.332 USDT Remember that trading cryptocurrencies involves risks, and it’s essential to stay informed and manage your risk accordingly. Always perform your due diligence and consider your risk tolerance before executing any trades. Good luck!
by G-money2022
3
FOMC, Gold prices peak or fall sharply ???⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is still struggling to gain momentum and remains within a limited range, staying above the $2,150 level as we head into the European session on Wednesday. Speculation has been fueled by strong US consumer and producer inflation data released last week, suggesting that the Federal Reserve (Fed) will maintain its stance of keeping interest rates higher for a longer period. As a result, US Treasury bond yields remain elevated, which continues to support the US Dollar (USD) and puts pressure on gold, which does not provide any significant boost due to its lack of yield. ⭐️ Personal comments NOVA: Interest rate information is very important today, a lot of previous information showed that interest rates will continue to stay the same The US economy needs more time to reduce inflation, which is the factor pushing Gold prices to DOWN, facing huge buying pressure from the beginning of 2024. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2148 - $2146 SL $2143 scalping TP1: $2155 TP2: $2160 TP3: $2165 🔥BUY GOLD zone: $2135 - $2137 SL $2130 TP1: $2145 TP2: $2160 TP3: $2174 🔥SELL GOLD zone: $2175 - $2177 SL $2183 TP1: $2170 TP2: $2160 TP3: $2150 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
7
XAU is in a short-term DOWN trend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) hovers around $2,155 in early Asian trading on Monday. US inflation data suggests a potential delay in interest rate cuts by the Federal Reserve (Fed), causing a downtick in the yellow metal. However, positive developments in Chinese stimulus measures or strong demand from China could lift gold prices. The Fed may hold its interest rate at the March meeting, as they need more evidence of inflation easing before considering a rate cut. This could diminish the appeal of non-yielding metals and impact gold prices. ⭐️ Personal comments NOVA: Gold price broke through the $2,150 support zone in the opening session of the week. Shows that the corrective DOWN trend continues to prevail ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2135 - $2137 SL $2130 TP1: $2142 TP2: $2150 TP3: $2160 🔥SELL GOLD zone: $2163 - $2165 SL $2170 TP1: $2155 TP2: $2148 TP3: $2140 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
7
Eurusd 4h analysis (read caption)- EUR/USD is currently at a resistance zone. - i anticipate a market downturn towards my demand zone. - - Resistance levels are at 1.08939 and 1.09082. - - my demand zone level from 1.08628 to 1.08503. - i've set a stop loss at 1.09238. My strategy seems to involve selling or shorting EUR/USD as it approaches the resistance zone, with the expectation of a downward movement towards the demand zone. Remember to monitor the market closely and adjust your positions accordingly based on new developments.
Short
by Alexview009
3
Friday of volatility! Gold adjusted DOWN⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) faced renewed selling pressure on Thursday and declined closer to the weekly low in response to the US Producer Price Index (PPI), which was higher than expected. This data indicated persistent inflation and dampened market expectations for early interest rate cuts by the Federal Reserve (Fed). As a result, US Treasury bond yields rose, boosting the US Dollar (USD) and prompting investors to move away from gold, which does not generate interest. However, the markets still believe there is a higher likelihood that the US central bank will begin cutting interest rates in June. This, combined with a risk-off sentiment, helped attract some buyers for gold before it reached the $2,150 level, leading to a slight positive bias during the Asian session on Friday. Nevertheless, the XAU/USD remains within a familiar range as traders await more clarity regarding the Fed's stance on rate cuts before making any significant moves. Consequently, all eyes are on the upcoming FOMC meeting next week. ⭐️ Personal comments NOVA: Positive data for the dollar this week, caused Gold to correct DOWN. In line with the technical chart, Gold prices continue to decline ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2137 - $2135 SL $2130 TP1: $2145 TP2: $2152 TP3: $2160 🔥SELL GOLD zone: $2170 - $2172 SL $2176 TP1: $2164 TP2: $2155 TP3: $2146 🔥SELL GOLD zone: $2188 - $2190 SL $2195 TP1: $2180 TP2: $2170 TP3: $2160 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
6
Gold price - CPI waits for a DOWN adjustment⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices remained relatively unchanged towards the end of the North American session as traders prepared for the release of February's US Consumer Price Index (CPI) data. It is expected that the headline figures will remain unchanged, while core data is anticipated to cool down. This could put pressure on the US Dollar and provide a boost to XAU/USD. Currently, the price of Gold is trading at $2,180.60, showing minimal movement. In the previous week, the price of Gold reached a record high of $2,195.15, just shy of breaking the $2,200 mark. This occurred after Jerome Powell, Chair of the US Federal Reserve (Fed), testified at the US Congress and acknowledged that inflation was decreasing. Powell mentioned that eventually, the Fed would begin to implement more accommodative policies, but stressed that the central bank's decisions are reliant on data. Despite expressing confidence that inflation is gradually decreasing, Powell emphasized that there is no urgency to lower borrowing costs. ⭐️ Personal comments NOVA: US CPI data assesses the current level of inflation. It's time for a DOWN adjustment to create liquidity for the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2135 - $2137 SL $2130 TP1: $2142 TP2: $2150 TP3: $2160 BREAK OUT price range: SELL: $2175 BUY: $2185 🔥SELL GOLD zone: $2198 - $2200 SL $2205 TP1: $2190 TP2: $2175 TP3: $2160 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
2
CHFJPY Short opportunity with 2.5 RR ratioHello guys, Here I am again, According to Elliott Wave Theory, CHFJPY appears poised for a downward movement based on the formation of a five-wave impulse pattern, with wave 5 about to start. Furthermore, the emergence of an evening star pattern reinforces the potential for a trend reversal. An evening star is a three-candlestick pattern characterized by a bullish candlestick, followed by a small-bodied candle, and then a bearish candlestick that closes below the midpoint of the first candle. This formation indicates weakening bullish momentum and the possibility of a shift towards a downtrend. Consequently, traders may anticipate a downward movement in CHFJPY as the Elliott Wave pattern start the 5th wave which is bit slower and complexed. GL Disclaimer: Forex signals provided are for informational purposes only and should not be considered financial advice. Trading forex carries inherent risks, and users should exercise caution and conduct their own research before making any trading decisions.
Short
by techmaker
1
Sideway waits for economic data this week ! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is consolidating its recent rally to the $2,200 neighborhood, reaching a fresh record high on Friday. The spike in the US unemployment rate has increased expectations for interest rate cuts by the Federal Reserve (Fed). As a result, US Treasury bond yields remain low, hindering the US Dollar's recovery and providing support for gold. ⭐️ Personal comments NOVA: Gold price continues its upward trend to create a new peak, Monday trading session shows signs of sideway accumulation waiting for important data during the week, expecting corrections DOWN ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2157 - $2155 SL $2150 TP1: $2162 TP2: $2170 TP3: $2180 Maybe scalping BUY zone $2162 - $2164 🔥SELL GOLD zone: $2198 - $2200 SL $2205 TP1: $2190 TP2: $2180 TP3: $2170 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
1
Expect an inevitable adjustment XAU / USD ✍️ NOVA hello everyone, Let's comment on gold price next week from 11/3 - 15/3/2024 🔥 World situation: The price of gold (XAU/USD) surged to a brand new record high above $2,180 during the early New York session on Friday. This was driven by a decrease in yields on 10-year US bonds, which fell to 4.04% after the release of the US NFP data. Market expectations for the Federal Reserve (Fed) to lower interest rates in the June policy meeting have increased due to a significant slowdown in wage growth and a higher Unemployment Rate. According to the United States Bureau of Labor Statistics (BLS), the Unemployment Rate rose to 3.9%, surpassing expectations. The previous reading was 3.7%. However, Nonfarm Payrolls (NFP) for February exceeded expectations at 275K, compared to a forecast of 200K. Nonetheless, it remained lower than the previous reading of 353K. 🔥 Identify: FOMO from the markets during the week was huge. Along with the US economic news, which is mostly beneficial for Gold, it pushes the price of Gold up and increases sharply This week, NOVA expects an inevitable DOWN correction for Gold 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2200, $2210, $2220 Support : $2132, $2110 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
1
NF - expect a DOWN correction FRIDAY⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold, which had been rising since February 28, dropped close to $2,160 per ounce during Asian trading on Friday. Market expectations of a potential interest rate cut by the Federal Reserve in June have been supporting the price of gold. Fed Chair Jerome Powell's comments during his testimony before Congress further reinforced speculation about rate cuts. ⭐️ Personal comments NOVA: A week that witnessed record high prices for Gold. A sudden price increase cannot avoid a DOWN correction. NF expects a downward adjustment for Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2100 - $2102 SL $2096 TP1: $2110 TP2: $2120 TP3: $2130 🔥SELL GOLD zone: $2178 - $2180 SL $2185 TP1: $2170 TP2: $2160 TP3: $2150 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
5
A period of excitement and optimism for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) increased to a level not seen in nine weeks, just below the $2,100 threshold, early on Monday during Asian trading hours. Speculation about potential interest rate cuts later this year was fueled by discouraging economic data from the United States on Friday. Additionally, the decline in US Treasury yields gave further momentum to the upward trend in investor demand for gold. As of now, the price of gold stands at $2,085.55, showing no change throughout the day. According to data released by the Institute for Supply Management (ISM) on Friday, the US Manufacturing PMI fell to 47.8 in February from 49.1 in the previous reading. This marks the 16th consecutive month that the index has remained below 50, which indicates a contraction in the manufacturing sector. ⭐️ Personal comments NOVA: In an optimistic period for Gold, Gold prices need a downward adjustment if they want to surpass the 2100 mark in the first quarter of 2024. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2064 - $2066 SL $2060 TP1: $2070 TP2: $2076 TP3: $2082 🔥SELL GOLD zone: $2093 - $2095 SL $2100 TP1: $2088 TP2: $2080 TP3: $2070 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
3
GBP/ AUD !! Trendline and resistance !! SELL NOW ⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Monday's trading session did not have many fluctuations, the price area touched the trendline and resistance area, setting up a SELL signal ⭐️ SET UP GBP/ AUD PRICE: 🔥SELL zone: 1.94300 - 1.94500 SL : 1.94800 TP 1 : 1.94000 TP 2 : 1.93700 TP 3 : 1.93300 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
2
GBPJPY SHORT IDEAAfter a good movement for the GBP there was a slightly bear movement in the last days of this week. There was one new small bear canal which has been forming during the last days. As the last candle from Friday 01.03.2024 was a bear with a significant movement for JPY we could start looking for a short idea. The best variant to enter in a position will be after a successful retest of the demand zone which now we can consider as a supply one. It is not a good idea directly to enter in the short position because we do not have a confirmation if the zone is becoming supply.
Short
by kidagaka123
1
AUDNZD Short idea - Diviregence 1H Time frameAfter a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply zone. The line for takeprofit 2 is the zone which I aim to close eventual position
Short
by kidagaka123
1
Waiting for good news PMI for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold has remained largely the same following the release of the meeting minutes from the US Federal Reserve (Fed) in January. These minutes provided assurance to market participants that the Fed does not have immediate plans to reduce interest rates. Although this could be interpreted as a "hawkish" stance, US Treasury bond yields remained stable upon the release, while the value of the US dollar (USD) slightly decreased by 0.04%. Currently, the XAU/USD is trading within the range of $2020-30. ⭐️ Personal comments NOVA: After yesterday's FOMC meeting, Gold prices still maintained the cumulative sideway trend, with not much change in concerns about inflation. The war situation in the Middle East is still a factor helping Gold maintain above $2020 It is expected that today's PMI news will still help Gold have more motivation to increase in price ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2010 - $2012 SL $2005 TP1: $2018 TP2: $2024 TP3: $2031 🔥SELL GOLD zone: $2038 - $2040 SL $2045 TP1: $2030 TP2: $2020 TP3: $2010 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
3
Gold price is still in recovery and sideways⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold has continued to rise for three consecutive days after recent economic data from the United States showed that inflation is still higher than the target set by the US Federal Reserve. Both the Consumer Price Index (CPI) and the Producer Price Index (PPI) for January exceeded expectations, surprising traders and reducing the likelihood of a rate cut by the Fed in March and May. This led to an increase in the value of the US dollar (USD), which has been on the defensive since last Tuesday. The XAU/USD pair is currently trading at $2016.30. In response to the latest inflation reports, traders turned to gold as a means of protection. Furthermore, the decrease in yields on US Treasury bonds, specifically the 10-year note which reached a year-to-date high of 4.332%, dropped by four basis points to 4.293%. As a result, real yields, which have a negative correlation with gold prices, decreased from around 2.04% on Wednesday to 1.950%, as indicated by the yield on the US 10-year Treasury Inflation-Protected Securities (TIPS). ⭐️ Personal comments NOVA: Gold price is in a recovery phase after a sharp DECREASE back to the area below $1990. Currently on the sidelines and waiting for information from the FOMC meeting on Wednesday ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2006 - $2008 SL $2000 TP1: $2012 TP2: $2017 TP3: $2022 🔥SELL GOLD zone: $2029 - $2031 SL $2036 TP1: $2022 TP2: $2017 TP3: $2008 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
15