ProfessorCEWard

ProfessorCEWard

Here's a breakdown of the current AUDUSD market outlook based on the 4-hour timeframe, followed by my setup for the upcoming downtrend as price action approaches the Supply Zone. OSCILLATORS OVERVIEW The oscillators are showing a MIXED picture: Relative Strength Index (RSI) : 59.78, Neutral Stochastic %K : 76.30, Neutral Commodity Channel Index (CCI) :...

ProfessorCEWard

Strategic Insights and Trade Setups Here's a quick rundown of the key insights from today's technical analysis and trade setup based on the 1D timeframe Oscillators, Moving Averages, and my current plan for a potential downtrend as price action approaches the Supply Zone. 📊 Oscillators Summary Most oscillators signal neutrality, reflecting an uncertain market...

ProfessorCEWard

AUD/CAD is trending lower , moving from a pivot high of 0.9264 down to a pivot low of 0.8782. The 4-hour timeframe reveals a mixed outlook: Oscillators: Show a balance between neutral and bearish signals, with some indicators suggesting the pair is oversold. Moving Averages: Most short- to mid-term MAs are pointing to continued bearish momentum, but the...

ProfessorCEWard

A quick update on the EUR/USD pair, particularly as we examine the 4-hour timeframe. 🤑 TP1 @ 1.1058, reached Market Overview: Currently, our technical indicators, particularly the oscillators, are suggesting a neutral stance. This means that we aren't seeing extreme overbought or oversold conditions—essentially, the market is in a bit of a holding pattern. It's...

ProfessorCEWard

SLO2 @ 31.77 📉 SLO1 @ 30.28 📉 TP1 @ 27.43 TP2 @ 25.03 TP3 @ 23.27 TP4 @ 20.55 BLO1 @ 19.89 ⏳ BLO2 @ 18.30⏳ SL @ 17.55 🚫 🔑 BLO = BUY LIMIT ORDER SLO = SELL LIMIT ORDER TP = TAKE PROFIT SL = STOP LOSS 📉 = Order Triggered ⏳ = Order Pending SUMMARY The current market sentiment and technical indicators suggest that the silver downtrend may continue. Nevertheless,...

ProfessorCEWard

The price of gold had a turbulent week, with a sharp decline followed by a partial recovery. While the precious metal has been a strong performer this year, driven by factors like central bank buying and recession fears, the recent market volatility is casting a shadow over its bullish outlook. The equity market selloff, fueled by concerns over a deepening U.S....

ProfessorCEWard

The Euro (EUR) has been gaining ground against the British Pound (GBP) in recent times, primarily driven by diverging monetary policy stances between the European Central Bank (ECB) and the Bank of England (BoE). Market expectations point towards a more aggressive interest rate cutting cycle in the UK compared to the Eurozone. While both central banks have hinted...

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ProfessorCEWard

Gold prices experience a significant surge in anticipation of the upcoming Fed decision, although there is a possibility of a potential downtrend on the horizon. Gold prices have experienced a significant increase, surpassing the $2,420 mark. This surge can be attributed to the optimistic outlook surrounding a potential rate cut by the Federal Reserve. Given the...

ProfessorCEWard

Technical Analysis: Mixed Indicators and Possible Trading Prospects The NZDUSD currency pair is currently experiencing a battle between bullish and bearish forces, resulting in a complex technical situation for traders. Challenging Resistance: Both the NZDUSD and AUDUSD are encountering obstacles at their respective 100-hour moving averages, impeding any...

ProfessorCEWard

SUMMARY: The GBP/USD is currently in a downtrend, with immediate support at 1.2830. A break below this level could accelerate losses to 1.2800–1.2790. However, a sustained move above 1.2880 could signal a potential reversal of the trend. TREND The British pound has experienced a downturn since its peak around July 17th. Economic data indicating a resilient UK...

ProfessorCEWard

Key Levels Tested Near 200-Day MA The EURUSD pair had a turbulent trading session, as the price initially dropped below the important 200-day Moving Average (MA) at 1.08162 and aimed for subsequent support levels. The recent uptrend experienced a breach as the price dipped to a low of 1.0802, surpassing the 50% retracement level at 1.0806. Nevertheless, there...

ProfessorCEWard

SUMMARY: Overall, the Australian dollar is currently trading cautiously as investors await the release of inflation data that will shape the RBA’s monetary policy trajectory. While technical indicators present a somewhat conflicting picture, the prevailing bearish sentiment in the market is a key factor to monitor. TECHNICALLY: From a technical perspective,...

ProfessorCEWard

TECHNICALLY: The market is displaying a combination of signals. Although certain indicators point towards potential overbought conditions and selling pressure, most oscillators are showing a neutral stance. This discrepancy in indicators could indicate a phase of market consolidation or uncertainty, with the possibility of a significant move in either direction....

ProfessorCEWard

SUMMARY In general, although there could be temporary buying interest due to specific moving averages and the VWMA, the prevalence of sell signals from longer-term averages indicates a significant bearish sentiment for the AUDCAD pair. FUNDAMENTALLY There could be a possibility of downward pressure on the AUDCAD pair as the CAD weakens and the AUD potentially...

ProfessorCEWard

(Intermediate Curve Analysis) SLO2 @ 31.77 📉 SLO1 @ 31.28 📉 TP1 @ 27.43 💰 TP2 @ 25.03 TP3 @ 23.27 TP4 @ 20.55 ADDITIONAL INFO: ✍️ TP1 @ 27.43, can now be used as a Sell Stop Order 📉 Silver has fallen for the third week in a row due to a poor industrial outlook and ongoing demand concerns in China. 📉 Markets have priced in silver demand from renewable energy...

ProfessorCEWard Updated 

🔄 EURUSD: MODIFICATION 🔄 TP1 @ 1.08523 🤕 +SL @ 1.0869 🚫 (aggressive) 🤑 We hit our TP1 and I shaved 50% from it 🚫 In preparation of strong PB to the upside, I set an aggressive +SL 🤑 Next stop TP2 @ 1.08071 (mid-pivot)

ProfessorCEWard

✍️ As anticipated PA did continue the downtrend. 🤑 I shaved @ TP4 (link for the previous analysis below), and I'm still holding some short positions. 1️⃣ PA closed below 2386 on the 1H 2️⃣ Support should become Resistance @ 2393 3️⃣ Next stop should be 2366

ProfessorCEWard Updated 

📈 Despite the overall positive outlook for gold, it seems that we are currently witnessing a temporary decline. 1️⃣ The initial level of support, where we may observe a rebound or stabilization, is approximately $2,439. This was also the previous ATH. 2️⃣ Following that, the next level of support is around $2,424. 3️⃣ Finally, the significant support level,...