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XAU/USD is clearly bearing after fed affirmation of possible cutToday we can look for sell opportunities around 2031 , For a target of 2009- 2002 , Market has turned bearish yesterday after announcement of the following.
Fed's Waller: Data in the last few months allowing Fed to consider cutting rates this year
Waller Q&A: It will be up to committee on timing of when to start cuts
Also the technical indicators, H4 & D1 charts suggesting further bearish momentum throughout the day. Stops should be above 2042.00
News of geopolitical instability still existsGold prices continued to increase in the early trading sessions of the week thanks to escalating tensions in the war in the Middle East.
Gold experienced a steady rise near the weekend thanks to geopolitical tensions and weakness in the US dollar. The coordinated attack between the US and UK on the Houthi rebels in Yemen in recent days has made the market concerned that the war situation may gradually get worse.
In addition, US government bond yields have also decreased slightly in the past month as the market continues to expect the Fed to cut interest rates in the near future.
Foreign currencies increased sharply at the same timeThe USD decreased in the last trading session
The US Federal Reserve (Fed) may begin cutting interest rates when inflation falls closer to the US Central Bank's 2% target.
However, trading volumes fell after Christmas as some markets remained closed for the holidays. Many traders globally also take a holiday until Tet.
The greenback is on track for its worst performance since 2020 against other currencies, as market expectations of a Fed rate cut have dented the dollar's appeal against peers. other currency.
Many analysts expect the US economy to slow markedly in 2024, but the Fed is also expected to take action to ensure that the gap between the federal funds rate and actual inflation is not too wide. .
If inflation falls much faster than target, the Fed may tighten monetary conditions more than policymakers intended.
Gold price approaches important resistance levelGold price, after overcoming the resistance zone at $2,050/oz, continued to increase in the trading session after the Christmas holiday to $2,065/oz, thanks to the weakness of the US dollar.
This week, gold prices will likely stabilize around current levels, due to the lack of important economic data. However, if the war situation in the Red Sea continues to escalate, gold prices may continue to increase sharply.
CRUDE IS GOING FOR BUY crude is in buying momentum from yesterday and now as we can see it is taking rejection from the level of 75.00 and now making a range so if the range breaks then the buying level is 75.50 and remember their is a resistance at 76.00 so it's like a scalp trade. plan the trade accordingly with proper risk reward.
AUD/CADIMO my overall bias in this pair remains bearish
- It is currently getting rejected from a valued-based supply which shows more bearish behaviour and reaction
- Retracement is all I expect, however the market can always prove me and my analysis wrong no denial
- Longs can wait for the value zone to be tapped wait for the price on a HTF to build a bigger base and wait for a huge reaction post the consolidation base
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!!!!
AUDEUR trading setup for todayHey guys nova this side,
here is the trading setup for today.
Information:
macd showing a downfall,
rsi showing the price decline.
Improtant, it made the low and breaks it trying to test it again and going to reverse from it because the seller are sitting there for price decline.
as per the price action price is going to reverse with the hemmer or doji for the lower low again.
this is just for educational purpose make sure to manage your risk as per your capacity.
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
EUR/USD Price AnalysisThe EUR/USD pair is currently trading around 1.0970, facing slight losses in the early European session after pulling back from a four-month high of 1.1017. Traders are awaiting inflation data from Italy, France, and the Eurozone, with the Eurozone Harmonized Index of Consumer Prices (HICP) expected to show a 3.9% YoY growth in November.
From a technical standpoint, the EUR/USD maintains a positive outlook, staying above the 50- and 100-hour Exponential Moving Averages (EMA) on the four-hour chart. The Relative Strength Index (RSI) is in bullish territory, suggesting a favorable trend for the pair.
Immediate resistance is observed at 1.1000, marked by the Bollinger Band boundary and a psychological round figure. The next resistance levels are at 1.1017 and 1.1042, followed by a potential rally to 1.1150 if buying momentum persists.
On the downside, a key support level lies at 1.0930, indicated by the lower limit of the Bollinger Band and the 50-hour EMA. Further support is found at 1.0895 (low of November 24), 1.0867 (100-hour EMA), and 1.0825 (low of November 17). Monitoring these levels can provide insights into potential price movements.
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.
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.
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
trading strategy after gold surges due to volatilityGold rose higher after the fund bought 13 tons
Gold will likely continue to rise on November 21 but there will be a recovery
Data released last week raised hopes that the Fed could begin easing monetary conditions sooner than expected after the job market slowed and price inflation showed signs of cooling. Lower interest rates put downward pressure on the dollar and bond yields, increasing the appeal of non-interest-bearing bullion.
In the short term, experts say that precious metals have lost momentum and need new fundamental motivation to recover. However, according to Daniel, senior commodity strategist at TD Securities, the impending recession combined with the Fed's interest rate cuts will push gold to new all-time highs in the first half of 2024.
The USD decreased later, but will recover after the Fed raises iData released last week raised hopes that the Fed could begin easing monetary conditions sooner than expected after the job market slowed and price inflation showed signs of cooling. Lower interest rates put downward pressure on the dollar and bond yields, increasing the appeal of non-interest-bearing bullion.
The decline in the DXY index paused last week. Last week, this index sometimes fell to its lowest level and has rebounded from that mark. Although developments over the past week are bringing some positive signs for the USD, in the long term, the greenback's upward momentum is still weak. Therefore, any recovery in the near term will be short-lived and it is likely that the USD can only rise to a certain threshold.