Trendtrading
EURCAD Getting Ready to Break the July Highs😮Hey guys , Ideal on EURCAD is That We are Overall Bullish Starting From the Daily Timeframe Down to the H4 Timeframe Which Price is Now Pulling Back to Level 1.44537 on H4 Timeframe for a Buying Opportunity to Then Target the July High . Drop Your Comments on the Comments Section,
Trade Safe James.❤
EUR/USD - downtrend or reversal soon?EUR/USD Technical and Fundamental Analysis (TFA)
---Fundamental Analysis
From a fundamental perspective, the EUR/USD is facing some headwinds. The European economy is slowing down, and the ECB is expected to keep interest rates low for the foreseeable future. The US economy is growing at a faster pace, and the Fed is expected to raise interest rates in the coming months.
However, there are also some positive factors for the EUR/USD. The eurozone is still a relatively safe haven currency, and it is benefiting from the recent weakness in the US dollar.
---Technical Analysis
The pair is still correcting on the downside, forming the Wace C of a bigger Wave 4.
I marked two potential targets on the downside. It is not mandatory for the price to hit them both, but for now the trend is on the downside.
Watch the price carefully when it gets close to the marked areas, to not be surprised by a sudden price reversal.
The technical picture for the EUR/USD is mixed. The exchange rate is trading above its 200-day moving average, which is a bullish sign. However, it is also trading below the 50-day moving average, which is a bearish sign.
The key level to watch on the upside is 1.0935, which is the high from last week. A break above this level could signal a move towards 1.1000. On the downside, the key level to watch is 1.0635, which is the May low. A break below this level could signal a move towards 1.0500.
Overall, the EUR/USD is a volatile market and the outlook is uncertain. Traders should be prepared for both bullish and bearish moves in the coming days.
I hope this post is helpful.
This analysis represents my personal thoughts at the date it is posted.
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The Factors That Could Drive Gold Prices This WeekGold prices are expected to remain volatile this week, as investors digest the latest economic data and central bank policy decisions. The US non-farm payrolls report on Friday will be a key event for gold prices, as it will provide an update on the state of the US labor market.
Other key events to watch this week include the European Central Bank (ECB) policy meeting on Thursday and the US Federal Reserve (Fed) meeting on Wednesday. The ECB is expected to raise interest rates for the first time in 11 years, while the Fed is expected to keep rates unchanged.
The price of gold is currently trading near the lower end of its recent trading range. A break below this level could trigger a sell-off, while a break above could lead to a rally. Therefore, could see gold revisit $1925.
1. US economic data: The US non-farm payrolls report, the ISM manufacturing PMI, and the ISM services PMI will be closely watched for any signs of economic weakness or strength.
2. Central bank policy decisions: The ECB and the Fed are both expected to make announcements on interest rates this week. Any hawkish or dovish surprises could have a significant impact on the price of gold.
3. Geopolitical developments: Any escalation in the Russia-Ukraine war or other geopolitical tensions could boost demand for gold as a safe haven asset.
USDCAD ..A Very Big Decline Coming in on USDCADHello guys, My Idea on USDCAD is for a Big Push to the Downside , Which from the Daily Timeframe Down to the H4 Timeframe we are Overall Bearish and Which the H4 has Currently Switched Bearish and We are Expecting the Continuation Trend to the Downside for a Good Selling Opportunity from Level 1.36110 . Like and Drop your Comments ❤
NZDCHF Short-term bullish continuationOn Thursday price manage to form a bullish strong candle which as a result broke 4H bearish market structure to the upside, since then price been in bearish corrective move and testing broken structure which now acting as important support for the price and price already rejected twice from this area.
For more confluences we can see price is close to 61.8% #fibonacci level and 1H EMA200 both acting as support for the price and possible turning point for the price.
In order for me to take a long position on this chart I want to see price taking liquidity from the recent low which I drew an arrow from it and failing to close below the arrow and also forming some form of bullish candle stick pattern such as #hammer #bullish engulfing or #morning_star to be convinced to take a long position
Potential Bullish move continuationAs it is clear in the chart price has tested 1H Clean Break area acting as Support for the second time in the form of #double_bottom formation and also formed a bullish standard divergence which add to possibility of bullish move.
Also in 4H time frame price only took out liquidity from the previous low and failed to close below as you can see the arrow line and price failure to close below.
📈 Exciting Trading Opportunity Alert! USDJPY: bull flag🚀✨Delving into the intricacies of USDJPY on the 4H TF
Take a step back and witness the grand narrative of the chart—an unwavering uptrend punctuated by calculated retracements.
Recently, a significant consolidation occurred at the pivotal 145.000 level, a strategic move accompanied by the emergence of a promising bull flag pattern. This pattern speaks volumes, reinforcing the notion of an ongoing trend.
But the real excitement? Brace yourself for the breakout! 🚀📈 The trajectory is set for a huge leg up, mirroring the upward momentum.
🌟 Now, aligning with the persistent bullish sentiment, I'm pinpointing two juicy targets: 148.000 and 150.000. 🎯
In this intriguing juncture, let's seize the opportunity to navigate the market waves, buoyed by the prevailing trend's tide.📈🌊
one of the my stock now India exporting goods to other country one of the cheapest transportation media is water base so now our government working on ports developments. so keep it watch list
Gujarat Pipavav Port is India's first private sector port located on the south west coast of Gujarat near Bhavnagar. The port is strategically placed to on International Maritime Trade route which connects India with US, Europe, Africa, Middle East on one side and Far east on the other side.
stock break resistance level of 120 and now this level work as support stock may move 150 level with this support.
115 take as support may move 150+
volume in stock also good
weakly charts are study
two round pattern showing stock accumulation are going in stock.
fundamental analysis
stock at low PE level compare to 3,5,10 year PE. means that stock under value
ROCE 19.6% & ROE 15%
ZERO DEBT COMPANY
current & quick ratio are above 3.5%
good dividend payer
share holding pattern
pramoter 44%
FII & DI 43%+
NO RECOMMENDATION FOR BUY AND SELL
USD/JPY: Long Trading OpportunityUSD/JPY Daily
USD/JPY breaks the range and uptrend continues to the next level 151.94.
SUGGESTED TRADE: BUY USD/JPY
ENTRY - around 147.130
SL - 144.400
TP - 151.600
Client Sentiment:
Retail trader data shows 73% of traders are net-short. We typically take a contrarian view to crowd client sentiment, and the fact traders are net-long suggests USD/JPY prices may continue to rise. Traders are further net-short than the last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.
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