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GBPCHF CHART ANALYSIS POSTED ON SUNDAY 30 APRIL 2023GBPCHF CHART ANALYSIS!!!
Let's see how this pair will perform based on the analysis.
Make sure you do your research and based on your confluence please look for the entry.
Don't rush your trades without any confirmation.
Trade safe and use always proper risk management.
GbpUsd set for new leg upAfter the reversal from 1.18 support back in March, GbpUsd has started to rise and recently has made a new high just above 1.25.
Since the beginning of the month, the pair is consolidating above the support level, and a new leg up could be next.
I'm bullish on this pair as long as the price stays above 1.2350 and with a target around 1.27 buying trades could have a good risk-reward ratio of more than 1:2
GOLD prices decline on US Dollar strength and Fed tighteningThe price of gold has remained low for a second consecutive day, in response to a slight uptick in the US Dollar. The expectation of further policy tightening by the Federal Reserve has bolstered the US Dollar's appeal, causing it to attract buyers on Monday and, consequently, contributing to the decline in gold prices. Market participants now seem to believe that the Fed will continue raising interest rates to combat high inflation in the US, with a 25 basis point increase expected at the next Federal Open Market Committee (FOMC) policy meeting in May already fully priced in. Additionally, the Fed funds futures market indicates a low likelihood of another rate hike in June. From a technical standpoint, the price of gold has slightly rebounded today, but it remains within a bearish continuation pattern. Our analysis suggests an imminent bearish movement for the metal.
USD/CAD Eyeing Bearish Push-downAfter successfully reaching the take profit as per our previous idea, the USD/CAD currency pair appears to be once again gearing up for a possible bearish impulse. In all likelihood, the price may experience a temporary rebound upon reaching the dynamic trendline of the upside trendline of the bearish channel. Our current outlook is centered on the emergence of a fresh wave of bearish momentum, potentially resulting in a downward push.
XAUUSD Asian session and pre london outlook Good evening Gold Gang! i hope you are well and survived the cpi news earlier!! Buy stops Sell stops yayayya
So the news sent us 250 pips north to boop my key level perfectly. Then dropped back down to the lower key level before ranging. None of which provided me with an entry point. Cest la vie
So apart from the asian buys, there hasn't been anything to take today that fit my plan. This is where patience comes into play.
Onto tonights asian and pre london, With price ranging now up until the close, i have my buy zone up at the 2022 key level, candle closure required. This should then move up 100 pips to the next zone of 2031.
The sells (that id prefer) are down at 2003. Wait for candle close. Why am i so bearish you say .. well gang .. there isnt any data at all time highs so trading will be super difficult. So we want prices lower, where past data gives us the edge.
Some nice juicy red folders tomorrow so lets hope for some downside. If not, its fine. We are ready for whatever.
Have a good night guys use correct risk management
tommyXAU
GOLD Pullback at $1990: Opportunity for Long ViewHello Traders, Gold has recently experienced a pullback around the $1990 area, where it coincided with the 50% Fibonacci levels. This seems to be a good entry point for the continuation of the uptrend rally, following the main trend. We anticipate a fresh pullback in the long view.
GOLD Poised for Bullish Run After Finding Supports anticipated in our previous ideas, GOLD appears to be gearing up for a new bullish run. During the Asian trading session, the price found support in the 2010.000 area. Our forecast indicates a potential long continuation in line with the current uptrend.
EUR/USD steady despite lower than expected ADP reportOn Wednesday, EUR/USD saw a slight retracement from its initial move to 1.0970. Despite this, the Final Services PMIs in Germany and the Eurozone remained strong in March. The US ADP report came in lower than expected at 145K jobs, down from February's 261K jobs. As a result, EUR/USD experienced some gains and losses around the 1.0950 level.
Initial resistance for EUR/USD can be found in the 1.0970/80 range, with the currency pair exhibiting a cautious note and showing fluctuations around the 1.0950 area. While hawkish comments from ECB policymakers and healthy prints from Services PMIs in the Eurozone supported the euro, the markets' prudence ahead of the NFP figures on Friday limited the bulls.
For the EUR, market participants should keep an eye out for potential tests of the 1.1000 level, as the currency pair continues its weekly rally. The euro's price action will likely be influenced by the direction of the US dollar and the divergence between the Fed and ECB's plans regarding interest rate moves.
Furthermore, while hawkish ECB-speak supports further rate hikes, some loss of momentum in economic fundamentals in the region contradicts this view.
GOLD Pulling Back for Retest before Strong Bullish ImpulseAfter hitting our previous take profit, GOLD is attempting a pullback at the previous resistance level before setting up for another long position in the direction of the main trend. Our idea is to retest the value of 2019.25 before experiencing a strong bullish impulse.
EUR/USD sees bullish impulse and profit, temporary setbackYesterday, as we explained in our idea, the EUR/USD experienced a significant bullish impulse following the release of certain news. Today, the price is currently in the profit zone, but a pullback is causing the EUR to take a pause before continuing in the direction of the main trend. This is expected to be a temporary setback, and the EUR is likely to continue its upward trend in the near future.
GOLD Forms Bullish Flag Pattern, Continuation LikelyYesterday, gold experienced a significant bullish surge as we previously anticipated, hitting our take profit levels. Today, the price is consolidating and forming a Bullish Flag pattern, which suggests a high probability of a continuation of the upward trend. However, if the price reverses in this area, we will consider a short setup. Overall, our bias is still leaning towards a long continuation.
GBP-AUD
The price of this currency pair has currently reached the support level on the H1 chart and at the same time is close to the short-term rising trend line. Currently, the price is testing both the trend line and the support. We expect a break below this support level and a subsequent decline down to the next support level where our Take Profit is placed.
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DASH DoorDash Options Ahead of EarningsAfter the record users and orders in the pandemic:
Now DASH is threatened by UBER eats and other food delivery apps while orders are declining thanks to the covid restrictions lift.
Looking at the DASH DoorDash options chain ahead of earnings , I would buy the $55 strike price Puts with
2023-3-17 expiration date for about
$4.40 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
If you want to buy it for the long run, after these earnings retracement, it might not be a bad idea.
Food delivery is here to stay!
Looking forward to read your opinion about it.
USD-CHFThe currency pair of the franc against the dollar is now moving around an important resistance price level on the H2 chart. Based on the previous move, where the price bounced off the support and started form a short-term uptrend, we think the price could continue to rise and break through the resistance. The target price would be at the next resistance level. In our opinion, an ideal opportunity for a "long" position.
EURJPY DOWN- ENTRYEURJPY is in a strong down trend, has reached key resistance.
It was a fake out, but the price continued bearish, confirming a strong bearish
The price presents a support at the price of 140.18, which may indicate that it will send the price up to the resistance from the down trend, and after falling to the key support.
Like and comment if you want more trading setup.
Thank you!
AUDNZD DOWN AGAINAUDNZD After being in the uptrend, it broke the resistance from the up trend and is heading towards the support at the price of 1.065
The price is in a position with high volume node, also at the support at 1.065 is volume, and I think it will break the support as well.
On weekly chart the price is bearish, which can count the same for another week.
NOTV Inotiv Options Ahead of EarningsLooking at the NOTV Inotiv options chain ahead of earnings , I would buy the $5 strike price at the money Puts with
2023-1-20 expiration date for about
$0.52 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.