ProfessorCEWard

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...

05:04

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,...

ProfessorCEWard Updated 

📉 As we analyze the GBPNZD, we observe a pivot high at 2.1587 and a pivot low at 2.00. If this downtrend curve analysis plays out, there may be an opportunity to sell at the significant resistance level of 2.146. 📊 Following that, we will encounter our first support level around 2.1, with the next support level at 2.08, which falls in the middle of the pivot...

ProfessorCEWard

Silver has moved out of the Supply Zone at $31.54. If the price action remains below $30.76 for both the opening and closing, it is likely that the downtrend will continue. If the price action breaks below this level, it suggests a bullish rejection, signaling a potential continuation of the downtrend towards the demand around 27.00.

ProfessorCEWard

GBPAUD has not displayed a clear upward trend for several months. Nevertheless, the 16H uptrend trendline indicates a robust level of support at 1.9000. There is a possibility of a stronger GBP if the UK economy continues to show positive developments or if the Bank of England (BOE) takes a more cautious approach compared to the RBA. This could result in an...

ProfessorCEWard

On the intermediate timeframe of 15H, there is a prevailing sentiment that suggests a strengthening USD, which could potentially lead to a downtrend in XAUUSD (gold vs. US dollar). Although the Federal Reserve's policy of increasing interest rates is aimed at combating inflation, it may have the unintended consequence of weakening the USD in the medium term....

ProfessorCEWard

TECHNICALLY Considering several technical indicators including the Ichimoku cloud, moving averages (EMA), and MACD/RSI, it seems probable that the upward trend for the USDCAD will persist. From the available technical indicators, it seems that the market is currently on an upward trend and the bullish momentum is growing stronger. FUNDAMENTALLY Given the...