USD/ JPY ! 10/ 28 ! SELL resistance ! GAP USD/ JPY trend forecast October 28, 2024
The Japanese Yen (JPY) recovers about 50 pips from a three-month low against the USD, though gains are limited amid uncertainty over the Bank of Japan's rate hike plans and the ruling coalition’s recent loss of its parliamentary majority. Additionally, a positive risk sentiment continues to weigh on the safe-haven JPY.
At the beginning of the week, the price created a GAP to increase - need to adjust to fill the GAP. There is a slight resistance zone - in the context of not much important news today.
/// SELL USDJPY : zone 153.250 - 153.550
SL: 153.850
TP: 60 - 100 - 250 pips (151.050)
Safe and profitable trading
Sellsetup
Continue short-term correction 2709 ! XAU⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) dipped during the Asian session on Friday, reversing part of the previous day's gains but staying within the week's trading range. With less than two weeks to the November 5 US presidential election, polls indicate a close race, adding political uncertainty. Combined with tensions in the Middle East, this uncertainty supports demand for gold as a safe-haven asset.
However, the impact is tempered by renewed US Dollar (USD) strength, driven by expectations that the Federal Reserve (Fed) will take a cautious approach to easing policy. Recent US economic data has shown resilience, reducing the likelihood of a large rate cut in November, which supports the USD and pressures gold prices.
⭐️Personal comments NOVA:
H1 frame continues to adjust slightly downward - expected price range 2709 - 2680 for seller liquidity
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2750 - $2752 SL $2758
TP1: $2740
TP2: $2730
TP3: $2720
🔥BUY GOLD zone: $2709 - $2711 SL $2704
TP1: $2718
TP2: $2730
TP3: $2740
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
10/25 ! USD JPY ! touch trend set up SELL USD/ JPY trend forecast October 25, 2024
The Japanese Yen (JPY) failed to build on Thursday’s recovery and faced renewed selling pressure during Friday's Asian session. Japan's business activity data for October showed a contraction in both manufacturing and services sectors. Additionally, a drop in Tokyo’s core inflation below the Bank of Japan’s (BoJ) 2% target lowered expectations for further rate hikes in 2024, weighing on the JPY.
A positive market sentiment and US Dollar (USD) buying also supported the USD/JPY pair around the mid-151.00s. However, verbal intervention by Japanese authorities helped limit further JPY losses. Traders now await US economic data for short-term direction amid political uncertainty before Japan’s general election on Sunday.
H1 frame shows the price zone is adjusting - touching the trendline, continuing to adjust down
/// SELL USDJPY : zone 151.850 - 152.050
SL: 152.500
TP: 50 - 100 - 250 pips (149.550)
Safe and profitable trading
XAU ! 10/24 ! Adjustment and price decreaseXAU / USD trend forecast October 24, 2024
Gold price (XAU/USD) rises to the $2,736-$2,737 range during the European session, recovering some losses from the previous day’s pullback from a record high. Ongoing Middle East conflicts and uncertainty around the upcoming US Presidential election on November 5 boost demand for the safe-haven asset. Additionally, a slight dip in the US Dollar from its near three-month high and falling US Treasury yields further support gold's upward movement.
Gold price continues to be in the long-term uptrend - however, there needs to be adjustments for the market to stabilize and rebalance. Expected price range 2700 - 2680 in the short term
/// SELL XAU : zone 2740-2743
SL: 2748
TP: 50 - 200 - 300 pips (2713)
Safe and profitable trading
FETUSDTFETUSDT is trading in strong bearish trend and consistently printing LL LHs. and is about complete ABCD pattern at strong daily resistance level. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the buy momentum continues the next target could be 1.2500
What you guys think of this idea?
GBP/JPY October Strategy: Bearish Reversal Confirmed with TDI
GBP/JPY October Market Analysis and Trading Outlook
The GBP/JPY monthly structure for October presents an open high-low-close pattern, signaling a potential sell setup. This bearish outlook has been confirmed by the TDI (Traders Dynamic Index) cross, indicating that it is now appropriate to consider sell entries.
Key Technical Highlights:
1. Daily Timeframe Open High Structure: On the daily chart, the price action for the month of October has established an open-high structure, which is often a precursor to a shift in momentum, supporting a bearish setup.
2. Consolidation and 'M' Pattern Formation: The price has been ranging at the highs, creating a period of consolidation. This consolidation resembles an 'M' pattern, a classic reversal formation seen at market exhaustion points. This pattern is significant as it suggests a potential reversal from the current high, reinforcing the bearish outlook.
3. Bearish TDI Cross Confirmation: A bearish TDI cross has occurred, signaling the presence of sellers in the market. This cross is a crucial technical indicator that validates the entry for sell positions.
Take Profit Levels:
- Take Profit 1: 193.000
- Take Profit 2: 192.000
Trading Advice:
Although the bearish TDI cross has provided confirmation, it is important to remain patient and ensure that other market conditions align with this setup. Always wait for valid signals and maintain proper risk management when executing trades.
If you find this analysis helpful, please like, comment, and follow for more updates. I’ll be sure to follow back. Best of luck with your trading endeavors!
---
SIDEWAY gold! 2627 - 2660 competitive price range⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) pulled back from a one-week high on Monday, ending a two-day winning streak as the US Dollar (USD) strengthened. Investors no longer expect a significant rate cut from the Federal Reserve (Fed) in November, keeping US Treasury yields high and attracting investment away from the non-yielding gold.
Additionally, disappointment over China's fiscal stimulus and weak inflation data over the weekend further dampened investor confidence, weighing on gold prices. However, ongoing geopolitical tensions in the Middle East helped gold find support above the $2,640 level during Tuesday's Asian session, limiting further losses.
⭐️Personal comments NOVA:
The psychology of waiting for November interest rates was clearly shown this week. There is not much news announced, Gold price is sideways in the price range 2627 - 2660
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2636 - $2634 SL $2631 scalping
TP1: $2642
TP2: $2650
TP3: $2655
🔥BUY GOLD zone: $2629 - $2627 SL $2622
TP1: $2635
TP2: $2642
TP3: $2650
🔥SELL GOLD zone: $2660 - $2662 SL $2667
TP1: $2650
TP2: $2640
TP3: $2630
⭐️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
10/15 ! XAU continue SIDEWAY over $2640XAU / USD trend forecast October 15, 2024
Gold prices pulled back after reaching a daily high of $2,666 on Monday, as China’s stimulus measures failed to lift markets and the US Dollar continued to strengthen. XAU/USD is trading around $2,650, down 0.26%.
Weekend data showed China’s economy facing deflationary pressures, jeopardizing its 5% GDP target. In response, Finance Minister Lan Foan stated that the government will maintain stimulus efforts, support the property market, and increase state bank capital to stimulate the economy.
No important economic news this week - sideways time. Gold accumulates waiting for information on interest rates in November 2024
/// SELL XAU : zone 2659-2662
SL: 2667
TP: 50 - 100 - 200 pips (2642)
Safe and profitable trading
EURAUD Short Bias – Bearish OB Rejection and Sell-Side EQLTargetEURAUD is currently in a clear downtrend. After sweeping sell-side liquidity at 1.60237, price retraced into a daily bearish order block (OB), which is a high-probability setup. The latest candle has closed within and below the OB, signaling further bearish momentum. Price is displaying a shift from External Range Liquidity (ERL) to Internal Range Liquidity (IRL), with sell-side liquidity and equal lows (EQL) at 1.59973 as the next target.
USDCAD Sell To BuyDefined divergence relative to the markets as a whole and over extended up trend within the chart. Regardless of if this is the end of bullishness or just a correction, a correction is incoming. The buy is either a retest of the leftover high, or a continuation of current uptrend. Trade Safe, Trade Smart, Trade Drippy!
High Probability Bitcoin Setup – HTF FVG + OTE Near Buyside LiqBitcoin has been consolidating within a defined range for months. Recently, a sell-side liquidity sweep indicated a potential reversal. Price is now reacting to a higher timeframe daily Fair Value Gap (FVG) and Optimal Trade Entry (OTE), sitting above a short-term high/buyside liquidity. If Bitcoin closes below this buyside level, it sets up a high probability retracement toward the next sell-side liquidity target at 58,000.
DYOR :)
GBPAUD Set for a Bearish Move – HTF Daily OB RejectionThe GBPAUD pair has recently respected a higher timeframe (HTF) daily bearish order block, signaling a potential move from internal liquidity to external liquidity. With price having reacted to the daily OB, we could now see a continuation of this bearish momentum, targeting sell-side liquidity on the weekly timeframe around the 1.91242 level. This setup presents a high-probability trade idea in line with market structure.
CHF/JPY October Forecast: Bearish Divergence and Key Sell Setup
CHF/JPY October Market Structure and Trading Analysis
In the CHF/JPY pair, the October monthly structure reveals an open high-low-close pattern, which points towards a potential sell setup. As of now, we are awaiting confirmation through a TDI (Traders Dynamic Index) cross to validate entry points for sell trades.
Key Technical Highlights:
1. Bearish Divergence: A clear bearish divergence has been forming since July 19, 2024 , extending to the current market price. This divergence signals a potential shift in market sentiment, suggesting a downward move may be imminent.
2. Open High Structure on Daily Chart: The daily timeframe for October continues to display an open-high structure, reinforcing the bearish outlook for the month.
3. Overbought Market Conditions: The price is showing signs of being significantly overbought following a strong bullish breakout from October 1, 2024. This overbought condition makes the pair vulnerable to a correction, further strengthening the sell setup.
4. TDI Cross for Confirmation: A bearish cross in the TDI indicator will provide confirmation of the presence of sellers in the market. This signal is crucial before initiating sell positions.
Take Profit Levels:
- Take Profit 1: 172.000
- Take Profit 2: 170.750
- Take Profit 3: 170.000
Trading Recommendations:
Patience is key—wait for clear, valid signals such as the TDI cross to confirm entry points. As always, exercise caution and apply proper risk management when trading to protect your capital.
If you find this analysis insightful, please like, leave a comment, and follow for more updates. I will happily follow back. Good luck with your trades!
---
Gold recovers - touch TREND H2 - SELL NOWXAU / USD trend forecast October 11, 2024
Gold price (XAU/USD) pulls back slightly from a three-day high, trading around $2,640 in early European trading on Friday, though still up over 0.40%. A rise in US jobless claims indicated labor market weakness, allowing the Federal Reserve to continue cutting rates. This led to a slight drop in US Treasury yields and a softer risk tone, helping gold gain for a second day.
However, stronger-than-expected US inflation data reduced the chances of another large Fed rate cut in November, supporting the US Dollar and limiting gold's gains. Traders now await the US PPI, Michigan Consumer Sentiment, and Fedspeak for further direction.
Gold recovered - broke the downtrend H1. However, the larger frame H2 - H4 still shows that the correction is still continuing. While the market psychology is worried that there will be no further interest rate cut in November.
/// SELL XAU : zone 2652-2655
SL: 2660
TP: 50 - 100 - 300 pips (2625)
Safe and profitable trading
XAU down! correction 10/10/2024XAU / USD trend forecast October 10, 2024
Gold continued its decline for the sixth straight day after the Federal Reserve (Fed) released its September Meeting Minutes. The Minutes revealed that most FOMC members supported a 50-basis-point cut, though XAU/USD remains near $2,610, down 0.37%.
While some officials preferred a 25 bps cut, all agreed on lowering rates. Most participants saw inflation risks decreasing, while concerns about the labor market increased.
H1 frame shows Gold price correction - amid news of China stopping gold purchases continuing to impact further bullish momentum. Price continues to correct below 2600
/// SELL XAU : zone 2623-2626
SL: 2631
TP: 50 - 100 - 300 pips (2596)
Safe and profitable trading
CPI ! Opportunity for gold price to fall below 2600⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) edged higher during the Asian session on Thursday, ending a six-day losing streak that brought it to a nearly three-week low. The US Dollar (USD) is in a consolidation phase as traders await the US Consumer Price Index (CPI) data release. This repositioning has provided some support to gold.
However, a significant rally in gold seems unlikely due to reduced expectations for aggressive rate cuts by the Federal Reserve (Fed), as highlighted by the September FOMC meeting minutes. Elevated US Treasury yields may continue to limit gains, requiring strong buying to signal the end of gold's recent corrective decline from its all-time high.
⭐️ Personal comments NOVA:
The long-term framework H1, H4 shows that sellers prevail - the downward correction will continue towards below $2600
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2583 - $2585 SL $2578
TP1: $2590
TP2: $2600
TP3: $2610
🔥SELL GOLD zone: $2649 - $2651 SL $2656
TP1: $2644
TP2: $2638
TP3: $2630
Pay attention to the trendline resistance area H1: 2633
⭐️ 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
USD/JPY October Market Analysis: Bearish Structure and Key Sell
USD/JPY October Market Analysis and Trading Setup
In the month of October, we are observing an open high-low-close structure on the USD/JPY, which strongly suggests the development of a potential sell setup. At this point, we are awaiting further confirmation through a TDI (Traders Dynamic Index) cross, which will signal the appropriate entry points for sell positions.
Key Observations:
1. Bearish Divergence: Since August 16, 2024, there has been a clear bearish divergence, extending from that date to the current market high.
2. Daily Timeframe Structure: The open-high structure on the daily chart for October further strengthens the bearish outlook.
3. Overbought Conditions: The market appears significantly overbought, following a bullish breakout that began on October 1, 2024.
4. TDI Cross as Confirmation: A bearish cross in the TDI indicator will serve as confirmation of the presence of sellers, providing an essential signal for initiating sell positions.
Targeted Take Profit Levels:
- Take Profit 1: 147.500
- Take Profit 2: 146.500
- Take Profit 3: 145.500
- Take Profit 4: 144.500
Trading Advice:
It is crucial to wait for valid signals, such as the TDI cross, to confirm entries before taking action. Always trade with caution, and ensure risk management strategies are in place to protect your capital.
If you found this analysis helpful, please like, comment, and follow for more updates. I will gladly follow back. Wishing you success in your trades!
Sideways ! The explosion is about to take place in October! XAU⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) stays under pressure during Tuesday’s Asian session, hovering just above the lower end of a short-term range. Investors are lowering expectations for a large interest rate cut by the Federal Reserve (Fed) in November, as the US labor market shows signs of strength, which weighs on gold.
Meanwhile, the US Dollar (USD) has retreated from its seven-week high hit on Friday, as traders await Wednesday’s FOMC meeting minutes. Additionally, key US inflation data, including the Consumer Price Index (CPI) on Thursday and the Producer Price Index (PPI) on Friday, will shape the outlook for Fed rate cuts and impact both the USD and gold.
⭐️Personal comments NOVA:
Frame H1 moves in the downtrend line, mainly sideways. Nova is inclined to reduce sideways to the 2624-2627 area to create liquidity and continue to increase. The long-term trend is still up
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2624 - $2626 SL $2618
TP1: $2635
TP2: $2650
TP3: $2672
🔥SELL GOLD zone: $2661 - $2663 SL $2666 scalping
TP1: $2655
TP2: $2648
TP3: $2640
🔥SELL GOLD zone: $2684 - $2686 SL $2691
TP1: $2678
TP2: $2670
TP3: $2660
⭐️ 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
Sideway - little volatility on the first Monday of the week⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues its decline for the fourth straight day, trading near $2,650 during early Monday’s Asian session. The stronger US Dollar, following Friday's upbeat Nonfarm Payrolls (NFP) data, is putting downward pressure on gold.
The US added 254,000 jobs in September, exceeding August’s revised 159,000 and the market expectation of 140,000. The Unemployment Rate fell to 4.1% from 4.2%. These positive US data reduce hopes of deeper interest rate cuts by the Federal Reserve, boosting the USD and weighing on gold, which is priced in dollars.
⭐️Personal comments NOVA:
There is not too much information and important economic news, sideway gold price on Monday at the beginning of the week: 2625 - 2660
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2628 - $2630 SL $2623
TP1: $2638
TP2: $2644
TP3: $2650
🔥SELL GOLD zone: $2670 - $2672 SL $2677
TP1: $2660
TP2: $2650
TP3: $2640
⭐️ 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
DXY Set for a Sell-Side Liquidity Sweep Following HTF RejectionAnalyzing the recent price action of the DXY, it appears that a retracement to sell-side liquidity is in progress. Price has respected a higher timeframe order block (HTF OB) near 102.798, showing a significant wick into the OB before closing below it—a clear bearish signal. This indicates a likely push towards key sell-side liquidity around 100.215. Traders should watch for bearish continuation setups as liquidity pools are targeted.
Always remember: DYOR (Do Your Own Research).
Potential EURAUD Sell Setup: Watch for Bearish TDI Cross. TP LevEURAUD's monthly structure on the daily timeframe shows an OHLC setup indicative of a potential sell opportunity. We’re currently awaiting a bearish TDI cross to confirm the presence of sellers in the market.
My target levels for take profit are as follows:
First at 1.65411,
Second at 1.64378
Third at 1.63374 (monthly open on the daily timeframe) .
Please trade with caution. If you find this analysis helpful, please support it with a comment, like, and share.