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AUD/USD shortAUD/USD One hour trading report overview Tickets (EP): 0.6662 Reason: Select the 0.6662 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities exist during market corrections.This setup suggests the best entry point to capture a potential downtrend. Stop Loss (SL): 0.6711 Rationale: Stop loss is set at 0.6711, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect the trade from any unexpected upside, thereby minimizing potential losses. Take Profit (TP): 0.6601 Reason: Take profit level is set at 0.6601 The strategic goal is to maintain reasonable profits when the price is close to the previous support level and to ensure reasonable profits when the price pulls back. Profit on this trade: 61pips (610usd/lot) Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly
Short
by Tracyanalyst
USDJPY shortUSD/JPY One hour trading report overview Tickets (EP): 156.86 Reason: Select the 156.86 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities exist during market corrections.This setup suggests the best entry point to capture a potential downtrend. Stop Loss (SL): 157.44 Rationale: Stop loss is set at 157.44, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect the trade from any unexpected upside, thereby minimizing potential losses. Take Profit (TP): 155.77 Reason: Take profit level is set at 155.77 The strategic goal is to maintain reasonable profits when the price is close to the previous support level and to ensure reasonable profits when the price pulls back. Profit on this trade: 109pips (approximately 1,090usd/lot) Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly.
Short
by Tracyanalyst
ETH - Bow and Arrow Trade!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 ETH has been overall bullish, trading above the rising trendline marked in blue. After rejecting the $4,000 - $4,100 resistance zone, ETH is undergoing a correction phase and it is currently hovering around the $3,500 round number. If the $3,500 is broken downward, a deeper bearish correction towards the $3,100 demand zone would be expected. 🏹 The highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and blue trendline acting as a non-horizontal support. 📚 As per my trading style: As ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
Gold Market Poised for Volatility Amid CPI and Fed Rate DecisionTechnical Analysis: Gold The price reached our target from yesterday and still trades at the same zone. Current Outlook: The price is expected to reach 2302 and then push up again. Stability above 2321 would indicate a bullish trend. Generally, the price will consolidate between 2321 and 2302 until a breakout occurs. Market Volatility: Today's market will be influenced by the CPI release and the Federal Reserve's rate decision, leading to increased volatility. Bullish Scenario: If CPI is less than 3.4%, the price should break above 2321 to continue the bullish trend towards 2344 and 2357. Bearish Scenario: If CPI is more than 3.4%, the price may drop to 2302. Stability below 2311 for a 15-minute candle would indicate bearish pressure. A break below 2302 on a 4-hour candle close would target 2292 and potentially 2260. Key Levels: - Pivot Line: 2302 - Resistance Levels: 2333, 2357, 2377 - Support Levels: 2302, 2292, 2260 Today's Expected Range: The price is expected to move between the support at 2292 and the resistance at 2357. Our previous Prediction:
OANDA:XAUUSDLong
by SroshMayi
SPX Continues Its Bullish Trend (CPI + FED RATE)SP500 Index Technical Analysis SPX Continues Its Bullish Trend The price successfully retested and pushed higher, reaching our previously mentioned target. Today's Outlook: The market is maintaining its bullish trend, aiming for approximately 5420. The release of the CPI data today will significantly impact the market. A CPI reading below 3.4% is expected to be positive for indices, potentially driving the SPX to a new all-time high. Bullish Scenario: As long as trades above 5372 means will continue the bullish trend toward 5420 Bearish Scenario: If the price trades below 5372, it indicates a potential drop towards 5347. A breach of 5347 could further lead to 5320. Stabilizing below 5301 would activate the downward area, with the next target at 5260. - Pivot Line: 5372 - Resistance Levels: 5404, 5422, 5484 - Support Levels: 5347, 5320, 5301 Today's Expected Trading Range: - Support: 5320 - Resistance: 5480 In summary, maintaining a position above 5347 favors a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5347 suggests a bearish trend, with potential support targets at 5320 and 5301. Our Previous idea:
OANDA:SPX500USDLong
by SroshMayi
(NASDAQ) CPI & Fed Rate: Key Drivers for Market Volatility TodayTechnical Analysis Nasdaq The price reached the target we mentioned yesterday and has now achieved 19,250. Today's Outlook: Today, the market is expected to be volatile due to the CPI release and the Federal Reserve's rate decision. A CPI reading below 3.4% is likely to support an uptrend, while a reading above 3.4% could negatively impact the indices. Bullish Scenario: If the CPI is below 3.4%, as long as the price trades above 19,100 and 19,220, the bullish trend is expected to continue towards 19,450. It is possible that the price may retest 19,100 before resuming the bullish trend. Bearish Scenario: If the CPI is above 3.4%, stabilization below 19,100 would indicate a move towards 18,940. A further break below 18,940, confirmed by a 1-hour candle close, would signal a downtrend towards 18,810. Key Levels: - Pivot Line: 19,200 - Resistance Levels: 19450, 19570, 19720 - Support Levels: 19100, 18940, 18810 Today's Expected Range: The price is expected to move between the support at 18,940 and the resistance at 19,570. Our Previous Prediction:
OANDA:NAS100USDLong
by SroshMayi
2
xauusd analysisOn last monday we have posted a chart analysis major bullish and bearish points of xauusd. And all our targets were hit ✅✅✅✅ BULLISH: 2335 ✅✅✅ 2343 ✅✅✅ 2347 ✅✅✅ 2355 ✅✅✅ 2367 ✅✅✅ 2376 ✅✅✅ 2398 BEARISH; 2321 ✅✅✅ 2312 ✅✅✅ 2298 ✅✅✅ 2287 ✅✅✅ 2282 our analysis for monday june 10 2024 as xauusd has fallen around 120 points or 1200 pips from its top of 2388 on friday a possible retracement can be elicited out. if the support area from 2288-2282 is not breached then xauusd will fly back to 2333 area where it has major resistance minor resistance are present in 2304 2315 2321 more updates will be posted soon. please like share and follow us for more market related updates
OANDA:XAUUSDLong
by realmillionairefx
USDJPY (Bullish Overall)USD/JPY 4-Hour Chart Analysis Trend Analysis: - The 4-hour chart shows an overall uptrend, with higher highs and higher lows indicating bullish momentum. - Recently, the price has experienced some volatility but remains above key support levels. Support and Resistance Levels: - Immediate Support Level: 156.00, which could act as a short-term support if the price pulls back. - Next Support Level: 154.50, a significant support level that has been tested previously. - Immediate Resistance Level: 157.30, which is close to the current price and could act as a barrier to upward movement. - Next Resistance Level: 158.00, a key resistance level that aligns with recent highs. Technical Indicators: - The recent candlestick patterns suggest some consolidation, but the overall trend remains bullish. - There are no immediate signs of a reversal, indicating that the bullish momentum may continue. Direction Preference: Given the current uptrend and the lack of reversal signals, the preferred direction for USD/JPY in the short term is bullish. The price is likely to continue moving higher towards the resistance levels of 157.30 and potentially 158.00. Conclusion: The USD/JPY 4-hour chart indicates a bullish trend with continued upward momentum. It is advisable to consider long positions, targeting the resistance levels at 157.30 and 158.00. Monitor for any signs of consolidation or pullback, but as of now, the bullish trend remains the preferred direction.
Long
by SroshMayi
1
Gold is currently exhibiting bullish trend activityTechnical Analysis: Gold Gold is currently exhibiting bullish trend activity. The price is stabilizing in the bullish zone and is expected to continue rising towards the bullish targets of 2321 and 2327. A break above 2328 would indicate a continuation of the bullish trend towards 2357, especially in anticipation of the CPI and FED rate decisions tomorrow. Bullish Scenario: As long as the price remains above 2302 and 2292, the bullish trend is expected to continue towards 2321. If it breaks above this level, the next target is 2357. Bearish Scenario: For a bearish trend to develop, the price must break below 2292 on a 4-hour candle close. This would signal a move towards 2278 and potentially 2260. Key Levels: - Pivot Line: 2302 - Resistance Lines: 2320, 2333, 2357 - Support Lines: 2278, 2260, 2248 Today's Expected Range: The price is expected to move between the support level of 2292 and the resistance level of 2328.
OANDA:XAUUSDLong
by SroshMayi
EUR/USD Chart Analysis with Gap ConsiderationEUR/USD 4-Hour and 1D Chart Analysis with Gap Consideration Trend Analysis: - The 4-hour chart shows a clear downtrend, with lower highs and lower lows, indicating persistent bearish momentum. - The recent price action has been moving downward, suggesting continued selling pressure. Gap Analysis: - The chart indicates a potential gap in the price action, which typically occurs when there is a significant price movement between trading sessions. - Gaps often act as strong support or resistance levels, and prices tend to move back to "fill" the gap over time. Support and Resistance Levels: - Immediate Support Level: 1.0730, which is close to the current price and could provide some short-term support. - Next Support Level: 1.0700, which is a psychological level and has acted as support in the past. - Immediate Resistance Level: 1.0800, which is a recent high and could act as a barrier to upward movement. - Next Resistance Level: 1.0850, which is another key resistance level that was previously support. Technical Indicators: - The bearish candlesticks suggest continued downward pressure. - There are no immediate signs of a reversal in the price action, indicating that the downtrend may continue. Direction Preference: Given the current bearish trend and the lack of reversal signals, the preferred direction for EUR/USD FX:EURUSD in the short term is bearish. The price is likely to continue moving lower towards the support levels of 1.0730 and 1.0700. Gap Consideration: - If there is a gap in the price action, watch for a potential move to fill the gap. This could temporarily reverse the trend, but the overall bearish momentum suggests that the gap may not hold for long. - Monitor the price action closely if it approaches the gap area. A fill of the gap followed by continued bearish momentum could provide a good shorting opportunity. Conclusion: The EUR/USD 4-hour chart indicates a bearish trend with continued downward momentum. It is advisable to consider short positions, targeting the support levels at 1.0730 and 1.0700. However, keep an eye on any gaps in the price action as they may provide short-term support or resistance and a potential reversal area. The bearish trend remains the preferred direction, but gaps should be closely monitored for any significant impact on the price movement.
Short
by SroshMayi
US30 (Consolidation Zone )Technical Analysis The price is expected to consolidate between 38,790 and 38,580 until a breakout occurs. The bullish pressure remains, especially if the price can break above 38,790, indicating a move towards 39,050. Bullish Scenario: Stability above 38,790 will initiate a bullish trend, targeting 39,050. Breaking this level could lead to further gains, reaching up to 39,350. Bearish Scenario: If the price breaks below the support level at 38,580, it could decline to 38,400. Sustained trading below this level may result in a further drop to 38,050. Key Levels: - Pivot Line: 38,790 - Resistance Levels: 39,050, 39,350, 39,700 - Support Levels: 38,580, 38,400, 38,290 Today's Expected Range: The price is expected to move between the support level at 38,580 and the resistance level at 39,050.
OANDA:US30USD
by SroshMayi
SPx500 FORECASTOverview: - Current Price: 5,348.8, down by 0.10% (-5.3 points). - Price Action: The index has been in a general uptrend, with some recent consolidation near the highs. Key Observations: 1. Trend: - The overall trend is bullish with higher highs and higher lows. - There has been significant upward movement in late May, followed by some consolidation and minor pullbacks in early June. 2. Recent Price Movement: - After reaching a high around 5356.8, the price has pulled back slightly and is currently consolidating just below this level. - The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher. 3. Bearish and Bullish Levels: - Resistance: The recent high around 5356.8 is acting as a resistance level. A breakout above this level could signal further bullish momentum. - Support: The previous swing low around 5280.0 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction. 4. Volume and Volatility: - The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move. Potential Scenarios: 1. Bullish Scenario: - If the price breaks above the resistance at 5356.8 with strong momentum and volume, it could continue the uptrend, targeting new highs. - In this case, the next psychological levels to watch would be around 5400.0 and 5450.0. 2. Bearish Scenario: - If the price fails to break the resistance and falls below the recent consolidation low around 5280.0, it could signal the start of a correction. - In this scenario, the next support levels to watch would be around 5220.0 and 5200.0. 3. Sideways Movement: - The price could continue to consolidate between 5280.0 and 5356.8, indicating indecision in the market. - Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move. Conclusion: The S&P 500 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 5356.8 could continue the uptrend, while a breakdown below 5280.0 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves. Key Levels: Bullish Lines: 5377, 5405 Pivot Point: 5328.5 Bearish Line: 5300, 5251
OANDA:SPX500USD
by RojBarwari
NAS100 FORECAST Overview: - Current Price: 19019, slightly down by 0.11% (-20.2 points). - Price Action: The index has been in an uptrend since early May, with a recent consolidation phase. Key Observations: 1. Trend: - The overall trend is bullish, with higher highs and higher lows forming since early May. - There was a significant upward movement around mid-May, followed by a correction and another upward push in early June. 2. Recent Price Movement: - After reaching a high around 19050, the price has pulled back slightly and is currently consolidating just below this level. - The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher. 3. Bearish and Bullish Levels: - Resistance: The recent high around 19050 is acting as a resistance level. A breakout above this level could signal further bullish momentum. - Support: The previous swing low around 18600 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction. 4. Volume and Volatility: - The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move. Potential Scenarios: 1. Bullish Scenario: - If the price breaks above the resistance at 19050 with strong momentum and volume, it could continue the uptrend, targeting new highs. - In this case, the next psychological levels to watch would be around 19100 and 19200. 2. Bearish Scenario: - If the price fails to break the resistance and falls below the recent consolidation low around 18900, it could signal the start of a correction. - In this scenario, the next support levels to watch would be around 18700 and 18600. 3. Sideways Movement: - The price could continue to consolidate between 18900 and 19050, indicating indecision in the market. - Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move. Conclusion: The US NASDAQ 100 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 19050 could continue the uptrend, while a breakdown below 18900 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves.
OANDA:NAS100USD
by RojBarwari
AUDJPY - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDJPY has been overall bearish , trading within the falling wedge in orange. Currently, AUDJPY is undergoing a correction phase and it is currently approaching the upper bound of the wedge. Moreover, it is retesting strong supply zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for trend-following sell setups as it is the intersection of the green supply zone and upper orange trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #AUDJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
SPX Continues Bullish Trend After RetestSPX Continues Bullish Trend After Retest The SPX has completed its retest and subsequently pushed higher, maintaining its bullish trend. As long as the index trades above the key levels of 5347 and 5320, the bullish momentum is expected to continue. This week, the SPX is projected to reach the initial target of 5378, with the potential to advance further towards 5423. Bullish Scenario: the price has a bullish trend to reach 5378 as long as trades above 5347, breaking 5378 means will continue the bullish trend to get 5423 Bearish Scenario: If the price trades below 5347, it indicates a potential drop towards 5320. A breach of 5320 could further lead to 5301. Stabilizing below 5301 would activate the bearish area, with the next target at 5260. Key Level - Pivot Line: 5347 - Resistance Levels: 5378, 5400, 5423 - Support Levels: 5320, 5301, 5260 Today's Expected Trading Range: - Support: 5320 - Resistance: 5420 In summary, maintaining a position above 5347 favors a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5347 suggests a bearish trend, with potential support targets at 5320 and 5301.
OANDA:SPX500USDLong
by SroshMayi
DJ30 FORECASTBased on the OANDA:US30USD chart, the price at 38790.0 is above the pivot point of 38753, indicating a bullish sentiment. If the price stays above this pivot, it could move towards Bullish levels at 38906 and 39022. Conversely, if it drops below the pivot point, it could target Bearish levels at 38637 and 38484. The current bias is bullish, but close monitoring around the pivot point is essential to confirm the market direction. Key Levels: Bullish Lines: 38818, 38906, 39022, 39165 Pivot Line: 38753 Bearish Line: 38637, 38484, 38279
OANDA:US30USD
by RojBarwari
GBPUSD (Bullish trend above 1.2700)Technical Analysis of GBPUSD Stability above 1.2693 will support a bullish trend, targeting 1.2783. Breaking this resistance will lead to further bullish targets. Conversely, a reversal to stabilize below the pivot line at 1.2693 will support a decline towards 1.2627 and 1.2572. Pivot Price: 1.2700 Support Levels: 1.2627, 1.2572, 1.2541 Resistance Levels: 1.2780, 1.2820, 1.2898 Today's expected movement range is between 1.2693 and 1.2783. previous idea:
Long
by SroshMayi
SP500 Index Technical AnalysisSP500 Index Technical Analysis The SP500 index appears poised for a retest of the 5320 level. A break below 5320 would likely lead the index to touch 5301. Bullish Scenario: For the bullish trend to continue, the price must stabilize above 5347. If it does, the next target will be 5375. Breaking through 5375 could lead to new record highs. Bearish Scenario: If the price trades below 5347, it indicates a potential drop towards 5320. A breach of 5320 could further lead to 5301. Stabilizing below 5301 would activate the bearish area, with the next target at 5260. Key Levels: - Pivot Line: 5347 - Resistance Levels: 5378, 5400, 5423 - Support Levels: 5320, 5301, 5260 Today's Expected Trading Range: - Support: 5301 - Resistance: 5375 In summary, maintaining a position above 5347 favors a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5347 suggests a bearish trend, with potential support targets at 5320 and 5301.
OANDA:SPX500USD
by SroshMayi
Gold Steady; Focus on US Inflation and FedTechnical Analysis with fundamentally The price has followed its bearish trend, reaching our target of 2290 The price will touch 2302 and then will consolidate between 2302 and 2292 till breaking Bearish Scenario: The price may correct to 2302. If it remains below this level, it will drop to 2292. A break below 2292 could lead to a further decline towards 2278, a strong support line. Bullish Scenario: For the bullish trend to continue, the price must break above 2303 and stabilize. This would pave the way for a move towards 2321 and 2328. Pivot Line: 2302 Resistance Lines: 2320, 2333, 2357 Support Lines: 2278, 2260, 2248 Today's expected price movement range is between the support level of 2278 and the resistance level of 2305. previous idea: Gold Steady After Sharp Sell-Off; Focus Shifts to US Inflation Data and Fed Decision Gold Prices Stabilize: Gold prices steadied on Monday after experiencing the largest drop in three-and-a-half years in the previous session. This decline was driven by disappointing economic data from China and the U.S., affecting speculators betting on Chinese demand and a potential Federal Reserve interest rate cut. China's Impact on Gold Market: Julius Baer analyst Carsten Menke noted that the People's Bank of China (PBOC) has historically had phases of buying gold followed by prolonged breaks. "As long as the PBOC doesn't resume buying, gold prices could trade sideways since Chinese buying is a key market focus," Menke explained. Market Sentiment and Volatility: Menke also highlighted the significant sentimental shift seen last Friday and expressed skepticism about a similar volatility outbreak this week unless there are major surprises from the CPI or the Fed, which he considers unlikely. Focus on U.S. Inflation and Fed Decision: Attention has now shifted to the U.S. consumer inflation report, due on Wednesday, coinciding with the Fed's policy decision. The U.S. central bank is not expected to change rates this week. Instead, the focus will be on Fed Chair Jerome Powell's comments and any updates to economic projections from policymakers. Interest Rate Cut Speculation: Expectations of a Fed rate cut in September have dropped to 49% from around 70% before the latest jobs data. UBS analysts noted, "We expect the Federal Reserve's median 'dots plots' to show two cuts in 2024, down from three, but inflation should still moderate, and a September cut remains our base case."
OANDA:XAUUSD
by SroshMayi