⚡️Strifor || SILVER-US PPI‼️Preferred direction: SELL
Comment: Recent events in the Middle East have made markets nervous. In turn, this has traditionally generated demand for metals. However, so far the situation is not particularly serious, since Yemen is a constant point of hostilities. There are unlikely to be any strong purchases in metals until the end of today's trading day. But after the weekend, it is better not to postpone deals of this kind to the next week.
Technically and considering volumes, shorts are still being looked for. We have two scenarios ready for the US PPI data. We consider the target for the fall to be at the level of 22.00.
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XAG USD ( Silver / US Dollar)
⚡️Strifor || USDCHF-US PPI‼️Preferred direction: BUY
Comment: We continue to consider this currency pair in the format of a strengthening U S dollar. The pressure to the level of 0.85696 also indicates the likelihood of a breakout upward, which we are already waiting for throughout the current week. Most likely, we will see this in the US PPI data.
Two scenarios are considered for the transaction simultaneously. Scenario №1 is already in progress, but at the very moment of publication of the US PPI, there may be a false downward movement. For this we need scenario №2 . We consider the growth target above the level of 0.85696 , namely near 0.86500.
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⚡️Strifor || GOLD-US CPI‼️Preferred direction: SELL
Comment: For Gold , we also consider two scenarios simultaneously. Since, against the backdrop of the publication of inflation data, it is quite logical to expect increased volatility, and false movements are not excluded. Our main direction is to sell and consider a fall to the 2000 level, with the potential for further declines.
You can consider adding a short position at the level of 2060 . Stop loss is placed beyond the level of 2090 . The final fall can be expected down to the level of 1960 and 1950 .
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⚡️Strifor || EURUSD-US CPI‼️Preferred direction: SELL
Comment: Ahead of the inflation data , the situation for the Euro did not change. The current sluggish recovery is due to a surge in market sales that were missed by limit buyers. This does not mean that we will now grow rapidly. Most likely, a major player has not allowed the price to move, as the impulse is delayed until the US inflation publication, which will take place today.
Two short scenarios are now autal, that is, two transactions can be active at once with a target at the level of 1.08000 . Stop loss should be placed slightly above the level of 1.11000.
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SILVER Bearish Bias! Sell!
Hello,Traders!
SILVER broke the rising
Support line and is forming
A kind of a bearish flag
Pattern beneath the broken
Line so we are locally bearish
Biased and we will be expecting
A further move down
Sell!
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Silver H4 | Potential bullish bounceSilver (XAG/USD) has reacted off a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 22.884 which is a pullback support.
Stop loss is at 22.300 which is a level that sits under a swing-low support.
Take profit is at 23.520 which is a level that aligns with an overlap resistance that sits close to the 50.0% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
A bearish scenario in the silver marketDear FRIEND,
I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones.
As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you. However, please note that I am not providing any buy or sell signals. My goal is to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
In the attachment, I have included my previous analysis of the same market so that you can compare and see the. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
(Mr. Nobody)
⚡️Strifor || SILVER-09/01/2024Preferred direction: SELL
Comment: The picture is absolutely the same for silver as for gold . A fall is also expected here. The technical setup and volume accumulation indicate an upcoming downward impulse. It should be noted that the short-trade for this metal is one of the most promising at the moment within the framework of the general strengthening of the US dollar.
The most likely scenario is a fall from the current ones, which is likely to last until the publication of inflation data on Thursday. Perhaps the data will even further accelerate the fall in the metal, even below the current target at 22.00.
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⚡️Strifor || AUDUSD-09/01/2024Preferred direction: SELL
Comment: The market continues to hint at a likely strengthening of the American currency, and it should be noted that the AUDUSD currency pair is considered one of the best options for this. In the very near future, most likely this week, there will be an attempt by sellers to break through the support level of 0.66659.
Here we have a pushing volume, as in many majors, but the Australian has one of the clearest pictures in this regard. Let's consider two scenarios, where the first is the most likely, and the second is left in reserve as an addition to a position or a re-entry into the sale.
We set the target for this downward impulse at the level of 0.65848.
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Silver H4 | Potential bullish momentumSilver (XAG/USD) has reacted off a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 22.736
Why we like it:
There is a pullback support level
Stop Loss: 22.499
Why we like it:
There is a swing-low support level
Take Profit: 23.527
Why we like it:
There is an overlap resistance that aligns close to the 50.0% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
⚡️Strifor || USDJPY-09/01/2024Preferred direction: SELL
Comment: For the yen, the extreme sell scenario (№1) worked out perfectly for us. Quite a quick realisation, although the idea was medium-term. At the moment we are not postponing scenario 2 , which is currently in the works. Here, despite the potential strengthening of the US dollar, the currency pair will most likely fall. The main reason for this is the recovery in prices after the earthquake, which is the main catalyst for the fall of the yen against the dollar. Also today, Japanese inflation data was published, which strengthened the currency in the short term.
Until the publication of inflation data in the US , you can safely continue to sell USDJPY . In the second half of the week, it will most likely be necessary to reconsider this idea, but it is tedious to note that the medium-term prospects will most likely tilt in favor of the seller. Here the volumes and technical picture continue to speak in favor of the seller. Thus, we can expect a fall to levels 140 and 139 .
As a more conservative option, you can refrain from trading on this pair at the moment and consider entering after the publication of inflation data in the US.
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⚡️Strifor || GOLD-08/01/2024Preferred direction: SELL
Comment: In our extreme trading idea for gold , we assumed growth from current prices (at the 2020 level). However, as we previously assumed in our trading ideas, there is a high probability that 2024 will start with a strengthening of the US dollar.
Taking into account the review of the situation, we are forced to consider sales further. The target for this week's fall is the level of 2000 with the prospect of a further fall to 1960 . And the main scenario is to sell at current prices. We also do not exclude an extremely unlikely scenario with preliminary growth by 2040-2060 , and then a decline towards the same targets.
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⚡️Strifor || GBPUSD-08/01/2024 Preferred direction: SELL
Comment: The British pound is also being considered for sell as part of the overall strengthening of the US dollar in early 2024. Here, at the moment, we are working on scenario 1 , which we set for ourselves in the previous trading idea. However, we cannot exclude scenario 2 (updating the maximum at the level of 1.28000 ) and we must also be prepared for it.
The target for the fall also remains unchanged, namely the level of 1.25000.
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Silver Breakout ?Pair : XAGUSD ( Silver / U.S Dollar )
Description :
Breakout of the Daily Ascending Trend Line and Completed the Retracement. Completed " AB " Corrective Waves in Long Time Frame and " 12 " Impulsive Waves in Short Time Frame. Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Lower Trend Line
Silver H4 | Potential bearish breakout Silver (XAG/USD) could fall towards a pullback support and potentially break under this level to drop lower.
Sell entry is at 22.884 which is a potential breakout level.
Stop loss is at 23.80 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance.
Take profit is at 21.991 which is a swing-low support that aligns with a confluence of Fibonacci levels i.e. the 127.2% extension and the 78.6% projection.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
⚡️Strifor || AUDUSD-05/01/2024 (NFP)Preferred direction: BUY
Comment: The US dollar's main competitors are likely preparing to strengthen in the short term. The news background can contribute to this. The focus is, of course, on NFP . The market may not yet have recovered sufficiently after the holidays, and it is the NFP that can finally do this.
Technically, the AUDUSD currency pair is looking long, probably even the best at the moment. The price has entered the limit buyer area, and the likelihood that he will defend this area is high. We are considering two scenarios, and, given today’s NFP , it is best to use it immediately with a general stop loss below support 0.66659 . It is necessary to take into account that scenario 2 is the formation of a false breakout, so stop loss should be taken with a margin. We place the growth target at 0.68399.
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SELL SILVER FROM RESISTANCE ZONE !!!HELLO TRADERS !!!
As I can see this pair has reached at a strong resistance zone we are expecting a drop from this zone to the draw tps my charts always talk it self see other pairs charts updated so it will help alote to understand markets next move its just an trade idea share ur thoughts with us & stay tuned for more updates
SILVER My Opinion! BUY!
My dear friends,
Please, find my technical outlook for SILVER below:
The price is coiling around a solid key level - 23.191
Bias -Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 23.844
Safe Stop Loss - 22.877
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
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Support 22
Resistance 30
SILVER: Long Signal with Entry/SL/TP
SILVER
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long SILVER
Entry Point - 22.95
Stop Loss - 22.59
Take Profit - 23.79
Our Risk - 1%
Start protection of your profits from lower levels
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