From the all-time high of $2,685 per troy ounce recorded last Thursday, it has lost a good $50. We had pointed out that the last part of the price increase was no longer justified by interest rate expectations. These had also already gone much too far and were therefore scaled back again somewhat in the last few days. This means that Gold currently lacks a key...
Unfortunately therefore we did not get a chance to buy here but I think we may even break below here on Monday to target a buying opportunity at 2627/23. Longs need stops below 2618. Targets: 2635, 2645, 2655.
DASH is approaching a critical breakout point at $132. The recommended trading strategy includes exiting 25% at T1 ($137) with the stop loss moved to breakeven, exiting 50% at T2 ($143) with the stop loss moved to T1, and exiting the remaining 25% at T3 ($150). The stop loss is initially set at $124 to limit potential downside. It is important to monitor the...
GBPUSD HELLO TRADERS Tendency, the price is under down ward pressure , until trade below turning level at 1.281 . Upward Zone : In order to see an increase, the price needs to break the turning level at 1.281 , to reach resistance levels (1) around 1.285 , then breaking resistance level (1) it indicates to reach of a resistance level (2) at 1.293 , then...
After doing top down analyst my bias is leaning towards GJ heading to the downside. I see multiple touches on the daily timeframe that have rejected the monthly fair value gap. I hope you all have profitable trading week. EP-199.631 SL-199.831
Analysis Overview: In this analysis, we observe a potential reversal pattern for BTCUSD based on the 4-hour chart. The price is approaching a significant resistance zone, indicating a possible turning point. Key Points: Swing High & Lower High: BTCUSD has formed a recent swing high followed by a lower high, suggesting weakening bullish momentum. Resistance...
After analyzing options trades on CME, we found a promising opportunity to short Canadian Dollar. The option contract is for April with an expiration date of April 5, 2024. We noticed an interesting option portfolio on March 22 that aligns with the trigger level on the futures chart (refer to chart). A trigger level is a graphical pattern on the underlying asset...
Plan your trades and trade your plan. The weekly planning session is one of the most important things you can do as a trader. In this session, I analysed the Currency Index basket of the USD, EUR, GBP, CAD, CHF, AUD, NZD, and JPY. The strength lies with the USD, the rest are still in a confirmed downtrend.
Japan FinMin Suzuki: Will Deal With Forex Appropriately But Declines To Say Whether Forex Moves Are Excessive USDJPY breaks higher as inflation came at 1.7% down from 2.5% expectations, and 2.6% prev reading. Thats very interesting reading. Who would think of this data considering how expensive
The NZD/USD declined towards 0.5871 on Tuesday reflecting a loss of 0.46%, despite. The pair's movements are largely influenced by the market’s adjustments of their expectations and the delay of a rate cut by the Federal Reserve (Fed) by year-end. Rising Treasury yields are also applying downward pressure on the pair. On the data front, in March, Building Permits...
The Loonie asset would observe a fresh upside if it breaks above April 12 high at 1.3786. This will drive the asset towards November 4 high at 1.3843 followed by November high at 1.3901 On the contrary, a downside move below April 9 low at 1.3546 would expose the asset to the psychological support of 1.3500. A breakdown below the latter would extend downside...
usd jpy got break out make a long trade as shown in the picture, follow for more live updates @FOREX_TRADER_007
“The next move probably hinges on this week’s PCE Index release. Evidence of further disinflation in the U.S., which would ease fears of prices accelerating or at least re-anchoring at a higher level, would be very bullish for gold.” Gold prices hit a record high last week after Fed policymakers indicated they still expected to reduce interest by three-quarters of...
“The next move probably hinges on this week’s PCE Index release. Evidence of further disinflation in the U.S., which would ease fears of prices accelerating or at least re-anchoring at a higher level, would be very bullish for gold.” Gold prices hit a record high last week after Fed policymakers indicated they still expected to reduce interest by three-quarters of...
Take entry above 114 only 14 months target 221 1st average at 65 2nd double average at 31Rs Sell with 90 % profit Bullish on auto ind. Entry condition must be above 114 Take entry according to condition and sit relax.
Ahead of tomorrow’s RBA Interest rate announcement I’ll be looking closely at GBPAUD, as we can see from the current GBPAUD chart from a top-down and a down-up perspective we can take note of the fact that after managing to break out of the downward retracement last month, GBPAUD mamaged to push steadily upward until reaching our 1.94150 area before “losing...
After three weeks of consolidation, USDJPY finally erupted, driven by the NFP release. This impulsive move respects the 90% rule. However, the recent price action has formed a double top pattern, suggesting a potential reversal to the downside. Based on the technical setup and potential reversal, I am biased towards a short position on USDJPY. I'm anticipating...
Dow Jones The index is drifting lower from its record high seen on Monday, but with no sign yet of a more significant move lower.The continued barrage of earnings may act to drive the price downwards, in which case last week’s lows around 37,200 may provide support. Below this, the 50-day simple moving average (SMA) becomes the next area to watch. A close back...