AUDUSD A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for AUDUSD below:
The price is coiling around a solid key level - 0.6429
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear Sell, giving a perfect indicators' convergence.
Goal - 0.6392
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Tecnicalanalysis
DXY, to continue its upward swing to 105.843DXY is on its path to continue the upwards string since it broke out of its descending channel since 24th August, 2023. Price has continued its new ascending channel for the past 8 weeks.
Last week's fundamental on new unemployment claims strengthen the course of the dollar which is currently consolidating above the resistance trendline of the ascending channel.
The consolidation above the 104.643 support could build more buying power that can propel the movement up to 105.834 and potentially to 107.342 depending on the outcome of the fundamentals for the week.
Important fundamentals coming;
Wednesday : CPI
Thursday: PPI, retail sales and unemployment claims
Friday: Empire State Manufacturing Index and Prelim UoM Consumer Sentiment
BTC ShortHello guys,
I think BTC continue down and sooner or later will get liquidity at 24k.
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1- BTC go up to 26500 (Hunt) then downward to 24k
2- BTC slowly go down without getting some hunt and reach the 24k
If you are high risk trader, you can open SHORT from here. And if You are safe trader like me, then wait for some hunt and then open SHORT position.
BTW always do your own analysis before open any position
US30 - Is A Drop Incoming?Analysis:
Bearish Confluences
Shorter term downwards trend
Retesting an area of significance
31.8% fib retracement level touch
Broadening descending channel patter formed
Downwards trendline touch
4K long position increase for the USD
Recent news for the USD has been bullish
Bullish Confluences
Longer term upwards trend
4K short position increase for the USD
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
EURCHF ____ BEARISH MOVE CONTINUATIONHello Traders,
On a larger scale, which is the monthly timeframe, you will notice how bearish the EURCHF has been in months. Drilling down, you will see on the weekly timeframe by looking left that we are trading in a supposedly bullish zone (where the price rallied from) but that should get little attention as currently, the market structure on the weekly chart is bearish and is about to complete the next impulsive leg which can be estimated by using the Fibonacci extension tool.
Before we go into the daily chart, I want to draw your attention to how last week's candle closed. What you will notice is the bearish strength in that candle.
Now let's go into the daily timeframe. What jumps right out is the CHOCH which signifies that the market structure has shifted from bullish to bearish. Hence, we mark the order block that caused this CHOCH and wait for a retracement to continue the bearish move.
I will be waiting to see if there will be a CHOCH on the 1-hour timeframe once the price trades into the daily supply order block as marked on my chart. If I don't see this, I don't trade.
Follow for more updates like this.
Cheers,
Jabari
NZDUSD: Growth & Bullish Continuation
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDUSD chart which, if analyzed properly, clearly points in the upward direction.
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GBPUSD - Continuation or Breakout?Analysis:
Bearish Confluences
Strong downwards trend
Broken below past major support
Retesting a previous key level
61.8% fib retracement level touched
In a descending channel
Downwards trendline touch
4K long position increase for the USD
Bullish Confluences
GBP is the 2nd strongest major currency whereas the USD is the 3rd strongest major currency
8K long position increase for the GBP
1K short position decrease for the GBP
4K short position increase for the USD
Recent news for the USD has been bearish
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
USDCHF Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for USDCHF below:
The price is coiling around a solid key level - 0.8856
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8819
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
SILVER: Will Keep Growing! Here is Why:
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
❤️ Please, support our work with like & comment! ❤️
EURCHF - Can We Head Any Further Down?Analysis:
Bearish Confluences
Strong downwards trend
Retesting an area of significance
61.8% fib retracement level touch
In a descending channel
Descending triangle pattern forming
Downwards trendline touch
8K short position increase for the EUR
2K long position increase for the CHF
Bullish Confluences
EUR is the strongest major currency whereas the CHF is the 3rd weakest major currency
7K long position increase for the EUR
1K short position increase for the CHF
Recent EUR news has been bullish
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Binance (BNB) Price Analysis: Exploring Possible Targets💥 Target 1: $190 - A Stepping Stone on BNB's Path As Binance Coin faces potential price retracements, our first target lands at $190. This level represents a crucial support zone where #BNB may find stability and attract buying interest. Traders and investors will closely monitor BNB's price action as it approaches this level, seeking opportunities to accumulate or ride the upward momentum.
💥 Target 2: $150 - Seeking Consolidation and Rebounding Should BNB experience a deeper pullback, our second target awaits at the $150 level. This zone has historically acted as a consolidation area, providing a springboard for potential rebounds. Traders will keep a close eye on BNB's market dynamics and indicators for signs of a reversal, aiming to capitalize on a potential bounce from this level.
💥 Target 3: Between $98 and $110 - Unlocking the Golden Pocket Now, let's dive into the exciting concept of the Golden Pocket. This range, extending from $98 to $110, holds immense significance as a potential support zone for BNB. The Golden Pocket, derived from Fibonacci retracement levels, often serves as a turning point that attracts considerable buying interest.
If BNB's price retraces to this zone, it presents an enticing opportunity for traders to enter or add to their positions. The Golden Pocket captures the attention of many market participants, as it historically offers a compelling risk-to-reward ratio for long-term gains.
XAGUSD - Have We Broken Out Of The Downwards?Analysis:
Bullish Confluences
Breakout of downwards trend
Retesting a previous area of support
Breakout above longer term downwards trendline
Retest of previous longer term downwards trendline for support
1k long position decrease for the USD
Bearish Confluences
1k short position decrease for the USD
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
XAUUSD - Is The Dollar Bullish?Analysis:
Bearish Confluences
Strong downwards trend
Retest of a previous key level
38.2% fib level close by
Downwards trendline touch
2k long position increase for the USD
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.