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GBPUSDFOREXCOM:GBPUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Long
by Phinics
USDJPY bulls prod 200-EMA resistance after BoJ status quoUSDJPY prints a three-day uptrend while extending the previous week’s recovery from the lowest level since late July after the Bank of Japan (BoJ) defends the current monetary policy. In doing so, the Japanese central bank rules out concerns surrounding its gradual exit from the ultra-easy monetary policy amid a recent increase in inflation. With this, the Yen pair pokes the 200-EMA hurdle, extending recovery from a five-month-old horizontal support. The rebound also justifies the RSI (14) line’s U-turn from the oversold territory, which in turn suggests the quote’s further run-up beyond the key EMA surrounding 143.80. However, the bearish MACD signals and a downward-sloping resistance line from mid-November, close to 145.30 by the press time, will challenge further advances. In a case where the buyers keep reins past 145.30, the odds of witnessing a run-up towards the monthly high near 148.35 and then toward the 150.00 psychological magnet can’t be ruled out. Meanwhile, growing chatters about the US Federal Reserve’s (Fed) rate cuts in early 2024 could join the downbeat yields to weigh on the USDJPY pair, which in turn highlights the aforementioned horizontal support region of around 141.50-142.00. Should the Yen pair sellers manage to break the 141.50 support, it can quickly drop to the 140.00 psychological magnet before highlighting July’s low of 137.23 as the key support. Following that, the pair’s bearish trajectory towards the yearly bottom of 127.20 appears a favorite for the bears. Overall, USDJPY regains upside momentum but the room towards the north appears limited.
by MTradingGlobal
recovery after sharp decline of XAUafter the US Federal Reserve signaled interest rate cuts are coming next year In addition to central bank meetings, investors will likely keep an eye on the European Union leaders' summit in Brussels, starting next Thursday. The summit comes at a critical time for Ukraine, as the Biden administration has so far failed to get a $60 billion aid package through Congress and the war against Russia is entering a skirmish brutal winter. The Fed has recognized cooling inflation and this has increased expectations of interest rate cuts, but has led to a sharp decline in bond yields and the USD. These are all factors supporting gold prices
OANDA:XAUUSDLong
by TrategySherpa
AUDUSD stays bullish beyond 0.6650 resistance-turned-supportAUDUSD edges higher past 0.6700 after posting the biggest weekly gains since the mid-November. In doing so, the Aussie pair defends Wednesday’s upside break of descending trend line stretched from early February, now immediate support near 0.6650. The resistance break joins upbeat RSI (14) to keep the buyers hopeful. However, the MACD signals appear less bullish and RSI line also nears the overbought conditions. The same suggests limited upside room for the buyers to cheer, which in turn highlights May’s high of around 0.6820 as an immediate upside hurdle to trace. Following that, a 10-month-old horizontal resistance area surrounding 0.6900-6920 will be a tough nut to crack for the bulls. Meanwhile, a downside break of the previous resistance line near 0.6650, now immediate support, could quickly drag the AUDUSD prices to the 200-SMA support surrounding 0.6575. It’s worth noting, however, that tops marked in late August and early September, as well as comprising December’s bottom, will challenge the Aussie pair’s downside past 0.6575 near 0.6525-20. Additionally, a seven-week-old rising support line near 0.6480-75 will act as the final defense for the buyers before giving control to the bears. Overall, AUDUSD is likely to revisit the mid-2023 peaks during the year-end trading. The pullback moves, which are less likely, remain unimportant beyond 0.6475.
by MTradingGlobal
Trading Gyan 👑👑🤑💸💸💸💸💸 ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
2
Option Trading By Professional's🤑💲💸✔✔👑Royal Trend👑 Topic Trading Things Topic - Option Trade and Trading 💸💸💸💸👑🤑 #If u Buy stock without stop loss that mean U are weak in Physiology #Train Your self To take small trade with Stop-loss How to make Big Profit💸 With Small Account In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
200-SMA prods USDJPY’s bounce off 4.5-month lowUSDJPY prints mild gains around 142.00 to snap a three-day losing streak at the lowest level since late July. In doing so, the Yen pair portrays a corrective bounce amid oversold RSI (14) conditions. However, the bearish MACD signals and the 200-SMA hurdle, at 142.50 by the press time, challenge the quote’s recovery. Even if the pair manages to cross the 142.50 hurdle, a 5.5-month-long horizontal resistance line and a falling trend line from mid-November will test the buyers around 144.00 and 145.85 in that order. It’s worth noting that the previous support line stretched from March 24, surrounding 147.60, acts as the final defense of the Yen pair sellers. Meanwhile, the 50% Fibonacci retracement of the March-November upside, near 140.85, acts as an immediate downside support for the USDJPY pair. Following that, the 140.00 round figure will precede the 61.8% Fibonacci ratio of around 138.20 to prod the Yen pair sellers. In a case where the quote remains bearish past 138.20, July’s bottom of 137.23 appears the final battleground for the bulls before surrendering their weapons to the sellers. Overall, the USDJPY pair is likely to remain bearish even if the road toward the south appears long and bumpy.
by MTradingGlobal
AUDUSD bears have bumpy road ahead, 0.6460 is crucialAUDUSD remains pressured on early Monday, after snapping a three-week uptrend by the end of Friday. In doing so, the Aussie pair justifies its risk-barometer status as traders await this week’s key data/events comprising the US inflation, multiple PMIs and top-tier central bank meetings. In addition to the market’s anxiety, the bearish MACD signals and a downward-sloping RSI (14) line also favors the Aussie pair sellers in targeting a four-month-old horizontal support surrounding 0.6520-15. However, the quote’s weakness past 0.6515 appears difficult unless the bears manage to conquer the 0.6460 support confluence comprising the 100-SMA and a six-week-old rising support line. Following that, the pair becomes vulnerable to decline towards an area near 0.6360 that includes multiple levels marked since the mid-August. Meanwhile, the AUDUSD pair’s recovery needs validation from the 0.6600 and the scheduled catalysts to convince buyers. Even so, the 61.8% Fibonacci ratio of the pair’s June-October downside, close to 0.6660, will precede the monthly high of 0.6690 and the 0.6700 to test the Aussie bulls before giving them control. In a case where the quote remain firmer past 0.6700, the 78.6% Fibonacci retracement level of around 0.6770 and June’s peak near 0.6900 will be in the spotlight. Overall, AUDUSD is likely to remain pressured during the key week but the road toward the south appears long and bumpy.
by MTradingGlobal
XAUUSD Daily Analysis On Friday, the highly-anticipated US Nonfarm Payrolls (NFP) rose by 199K in November from the previous reading of 150K. Additionally, the Unemployment Rate declined to 3.7% from 3.9% in the previous reading. Average Hourly Earnings held steady at 4.0%, matching market expectations. Finally, the preliminary University of Michigan Consumer Sentiment Index for December came in at 69.4 versus 61.3 prior. In response to the data, the US Dollar Index (DXY) rose to 104.25 and the US Treasury yields edged higher, with the 10-year yield climbing from 4.15% to 4.28%. The Fed will announce the interest rate decision on Wednesday.... its last meeting of the year. The markets anticipate no change in rates for its December meeting and think the dot plot will come down. Nonetheless, the market lowered its expectations for the first-rate cuts from March to May after stronger employment data The firmer US Dollar (USD) and the concern about China’s deflation create a headwind for the gold price. On Saturday, the National Bureau of Statistics of China revealed that the nation’s Consumer Price Index (CPI) dropped 0.5% YoY in November from a 0.2% decline in October, worse than the market expectation of 0.2%. The Producer Price Index (PPI) declined 3.0% YoY in November from a 2.6% decline in October, below the market consensus of a 2.8% decline in the reported period. Looking ahead, market players will monitor the US Consumer Price Index (CPI) on Tuesday. The spotlight will be the Federal Open Market Committee (FOMC) meeting, held on Tuesday and Wednesday. On Technical side price is currently trading under Daily , Weekly and Monthly pivot which is good for bears on Intraday and bulls need good confirmation from lower support levels (1978 :fib 0.50 Level) or daily candle need to be close above daily pivot average
PEPPERSTONE:XAUUSD
by iambalramkashyap
USDJPY sellers attack 147.00 to justify corrective pullbackUSDJPY struggles to defend the three-week losing streak as the bottom line of a bullish trend channel, stretched from late March, joins the 100-day Exponential Moving Average (EMA) to restrict the quote’s immediate downside near the 147.00 threshold. Even if the quote breaks the 147.00 support, a convergence of the five-month-old previous resistance and the 200-day EMA, around 143.80 by the press time, will be a tough nut to crack for the bears. Following that, the Yen pair’s fall toward the August monthly low near 141.50 and then to the 140.00 round figure, can’t be ruled out. On the contrary, the receding bearish power of the MACD and the nearly oversold RSI (14) line join the 147.00 support to challenge the USDJPY bears. That said, the pair’s recovery, however, needs validation from the 50-EMA level of around 148.60. Should the quote manage to remain firmer, the 150.00 psychological magnet will precede the previous monthly high of 151.90 to act as the final test for the pair buyers. It’s worth noting that the Yen pair’s successful trading above 151.90 enables the bulls to aim for the top-line of the previously-stated channel’s top line, surrounding 154.00. Overall, the USDJPY pair portrays bearish consolidation and may witness a bounce in prices unless the quote stays beyond the 147.00 key support.
by MTradingGlobal
USDCAD retreats from 1.3600 resistance ahead of BoC announcementUSDCAD takes offers to refresh the intraday low near 1.3570 while snapping a two-day uptrend ahead of the Bank of Canada (BoC) Interest Rate Decision. In doing so, the Loonie pair reverses from a convergence of the 100-day Exponential Moving Average (EMA) and a month-old descending trend line, around 1.3600 by the press time. It’s worth noting that the BoC is expected to keep the monetary policy unchanged but the latest rebound in the Crude Oil price, Canada’s key export, could join the hawkish commentary from the central bank, if any, to drag the quote further toward the 200-EMA. The expectations of a pullback in prices also take clues from bearish MACD signals and sluggish RSI. That said, the quote’s weakness past the 200-EMA level of 1.3518 appears difficult as the bottom line of a five-week-old bearish channel, forming part of a broader “bull flag” formation, could challenge the bears around 1.3470. Alternatively, a daily closing beyond the 1.3600 resistance confluence will enable the USDCAD buyers to aim for the bull flag confirmation by crossing the 1.3685 upside hurdle. Following that, the quote’s theoretical rally towards 1.4500 gains attention. However, the previous monthly high of around 1.3900 and the 1.4000 psychological magnet could test the Loonie pair buyers. It should be observed that the April 2020 high surrounding 1.4300 also acts as an upside filter should the quote remain firmer past the 1.4000 threshold. Overall, the USDCAD is likely to decline ahead of the BoC’s verdict. However, the downside room appears limited.
by MTradingGlobal
How to Trade in Market🙏👑🤑👑Royal Trend👑 Topic Trading Things Topic - Option Trade and Trading 💸💸💸💸👑🤑 #If u Buy stock without stop loss that mean U are weak in Physiology #Train Your self To take small trade with Stop-loss How to make Big Profit💸 With Small Account In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
1
predict the next trend of XAUXAU has grown in the past three weeks. Experts predict that XAU will continue to grow in the near future. If it surpasses the 2008 threshold, XAU will still grow greatly. According to the minutes of the two-day (October 31-November 1) monetary policy meeting released on November 21, US Federal Reserve officials acted cautiously and did not intend to raise interest rates. We agreed to do only that. Interest rates if progress in controlling inflation slows. Minutes of the meeting showed that all participants agreed that the Fed's Federal Open Market Committee (FOMC) may proceed cautiously and that support for rate hikes appears to be receding. . Inflation is slowing, with consumer prices flat in October compared to the previous month, and although the Fed has not yet declared an end to the fight against inflation, there are discussions to raise interest rates from the current 5.25% to 5.50%. % and how long it should be maintained. maintained. range. The minutes of the meeting said further monetary tightening would be appropriate if there was information that indicated the FOMC's path to achieving its inflation target was inadequate.
OANDA:XAUUSDLong
by TrategySherpa
FOMC and CPI news increased NZD positionFollowing the Canadian CPI report and related FOMC minutes, the Canadian dollar remained unchanged from its base of 1.3700. In case you missed the data, both headline and core inflation are down slightly, potentially leading the Bank of Canada (BoC) to take a more neutral/accommodative stance. Central bank governor Tiff Macklem is speaking out, and given his recent comments that minimal growth and inflation are now easing, the message of caution may be clear. Currently, the foreign exchange market predicts that interest rates will be cut by a cumulative 80 basis points by December 2024, and that monetary easing will begin around April to June. PTKT: Given the decline in the Canadian dollar, investors can resort to a “buy NZDCAD” strategy at the current price, stop loss 0.8220 and target 0.8350.
Long
by TrategySherpa
EURUSD has a recovery rhythm, expected to increase againAccording to experts, the world price of EURUSD suddenly increased sharply due to recent positive inflation data and the weakening of the USD. There is a high possibility that the EURUSD price has run ahead of the news of the meeting minutes of the US Federal Reserve (Fed) announced tomorrow morning. The USD continues to weaken as the market believes that the Fed has completed its interest rate hike cycle and may consider starting to reduce interest rates. Domestically, banks adjusted USD trading prices down sharply in the context of a sharp decline in the central exchange rate
Long
by TrategySherpa