EURUSD: Still discounted!Hello traders! 👋
As we approach the end of the trading week, EURUSD remains in the red on this Friday, currently hovering around the 1.071 mark. The outlook remains bearish as the pair continues to trade within a tightening wedge pattern, and both the EMA 34 and EMA 89 are favoring the sellers.
Key Observations:
Current Level: EURUSD is trading near 1.071, struggling to find upward momentum.
Bearish Wedge Pattern: The pair is confined within a narrowing wedge, indicating potential for further downward movement.
EMA Indicators: Both the 34-day EMA and 89-day EMA are aligning with the bearish trend, providing additional resistance to any bullish attempts.
Trading Outlook:
With the prevailing bearish sentiment and technical indicators supporting the sellers, the focus remains on short positions.
Stay vigilant and consider these factors in your trading strategy. Happy tradi
Longsetup
Gold buying strategy is preferredDear traders!
Gold price today recorded a slight recovery, the price moved to 2337 USD and in the short term is still supporting this upward movement when from the precious metal analysis chart, it has reached an important resistance level and Get momentum when breaking the trendline.
It is expected that after the trend adjustment, the price will continue to go up, the Buy target and strategy are prioritized in that case.
Plan transaction on June 20
👨💻 XAUUSD BUY zone 2328 - 2325
🔹SL 2322
🔹TP 2334 - 2340 - 2350
Wishing you Full City 💵💵
Swing Trading Opportunity in SchaefflerRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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GBPUSD: Still maintaining recovery momentumGBP/USD rose firmly above 1.2700 in quiet trading on Wednesday as GBP traders braced for Thursday's latest outing from the Bank of England, which is expected to hold gains yields stayed at 5.25% even as UK economic data continued to miss the target, but not so badly as to raise fears of an outright recession.
USDJPY : Steadily increasing in price!Hello everyone, today USDJPY continues to increase in price on most time frames, the trading level is currently at 158.10 and is still on the path to a new record high.
Accordingly, from technical analysis, we continue to prioritize the buying strategy when the price is high above the two EMA lines and the upward trendline is still stable.
My goal is to increase prices, what about you?
Monthly breakout in IBREALEST...IBREALEST Is breaking out monthly trendline, With SL of 125 we can go long with target of 190,240+ in coming months.
XAUUSD 20-6-2024Hello Traders,
Today morning price went up and able to sustain above the level, i am very bullish on gold and will try to plan LONG only untill prices stays above 2336.
next target -
1. 2354.62
2. 2379
3. 2386.97
and i will plan my short if price comes down to 2332.30 and takes the liquidity from the upside. like a fakeout.
all the levels are mentioned in chart
Thank you for all your support
NOTE : Not a finance advice.
"Gold Slips as USD Rallies, Investors Eye Fed's Next Move"Key Points:
USD and Bond Yields Impact: Gold prices edged lower at the start of the week, influenced by a strengthening USD and rising bond yields.
Awaiting Economic Data: Investors are keenly awaiting economic data and commentary from Federal Reserve officials for clearer guidance on interest rate cuts.
Price Range Forecast: In this environment, gold is expected to trade sideways between $2,300 and $2,335.
Upcoming U.S. Economic Reports: Key U.S. data this week, including retail sales figures, weekly jobless claims, and PMI indices, are anticipated to shed light on the Fed's rate direction.
Support from Fed Policy Expectations: Despite the lack of major movements, gold remains supported by expectations that the Fed will eventually pivot its policy stance.
Global Political Uncertainty: Additionally, political unrest in France is heightening global risk aversion, boosting the demand for gold as a safe haven.
Gold price today still increased above 2300 USDGold prices have surged on weaker-than-expected US retail sales and expectations of lower interest rates. Here are the key factors:
Weak retail sales:
US retail sales report was lower than expected, suggesting a decline in consumer spending.
This raises concerns about economic growth, which could lead to economic stimulus or looser monetary policy from the Federal Reserve (Fed).
As a result, gold becomes more attractive as a safe haven asset.
Expect lower interest rates:
With retail sales weak, the Fed could keep interest rates low or even cut them to support the economy.
Lower interest rates reduce the opportunity cost of holding gold, which provides no interest or dividends.
A weaker US dollar due to lower interest rates also increases the value of dollar-denominated gold in international markets.
EURUSD Short Selling strategy?Hello everyone! What is your opinion?
In today's analysis, I will focus on the bearish price movement of this currency pair. Currently, EURUSD is trading around 1.073, continuing the downward correction wave, with support
From a technical standpoint, factors such as trend lines, support and resistance levels, and EMAs 34 and 89 all favor sellers. This fits well with the Elliott Wave structure. It looks like EURUSD is ending Wave 1 and I predict that the next waves will play out as analyzed, potentially breaking below the 1.061 support level.
What do you think about EURUSD? Please leave a comment below so we can discuss! Good luck with your trading!
Altcoin to watch - MKRThings look really nice on MKR lately as the 3D Demand got tagged and respected quite well. The visible volume range is supporting MKR here quite well and this could be a lovely spot bag one could hold. The BPR above is going to be the only problem for MKR in the future. Going to keep watching it and trying to catch an entry on the lower time frame.
I will post this setup under this idea here.
With that being said, make sure to follow and let's get this TradingView community grow to 1k followers 👏
EURUSD: Sellers are in profit!EUR/USD remains in a daily range above 1.0700 during the European session on Tuesday after closing in positive territory on Monday. Mixed ZEW sentiment data from Germany and the Eurozone makes it difficult for the Euro to find demand as the focus shifts to US data.
Looking from the technical picture, the downward momentum is kept intact with the trend still favoring sellers and the EMA 34, 89 remaining stable.
Wishing you happy trading!
GBPUSD: Maintain price on TrendlineHello everyone!
Looking at the chart, GBPUSD is currently moving along the trendline. Despite yesterday’s significant drop, the outlook still favors the bulls as long as the trendline remains intact.
However, keep an eye on the trendline's limits. If the price breaks through, it could provide a good entry point for trades.
Happy trading, everyone!
What's changed in the gold price in the new week?Hello, let's analyze today's gold price!
In the chart, although gold on Friday had a strong recovery of nearly 300 pips, in the long term it is still in a downtrend with the price channel remaining stable.
Regarding the target and upcoming direction: From technical analysis, I expect the price to decrease more after the adjustment reaches the upper limit of the price channel.
The target is 2280 USD.
And you, what are your thoughts, do you think gold will increase or decrease this week?
Update the latest gold price today!Today, gold has decreased slightly by 10 USD, currently trading around 2315 USD. This comes as the US Dollar tumbled following the release of much-anticipated economic data. Gold's short-term downtrend continues.
Technical analysis:
Trendline Break: From a technical standpoint, gold has broken above its trendline, signaling continued bearish momentum.
EMA Confirmation: The bearish outlook is further supported by gold trading below the 34 EMA and 89 EMA.
Price Target: The next important level to watch is $2300, which remains the desired target in this downtrend.
What do you think about gold's movement? Are you expecting the next decline or do you see a potential turnaround? Let's discuss!
Gold price today: Continuous increase of nearly 300 pipsHello everyone, yesterday gold experienced a quite significant recovery. At the beginning of the session, gold traded stably, but near the end of the session, this metal quickly increased and recovered more than 280 pips. Currently, gold temporarily closed at 2332 USD and increased about 1.24% during the day.
Accordingly, gold prices increased despite the USD index anchoring at a high threshold. Although under some pressure, the fact that gold is still above 2,300 USD/ounce proves that buyers still actively consider the adjustment and price decrease as Good opportunity to increase gold holdings.
Gold price today: Recover more than 100 pipsHello everyone! What do you think, where will gold close today?
In this analysis, I'll be focusing on gold's recent recovery. The precious metal recently broke out of its short-term upward trend after surpassing the trendline. Despite this, it has found new momentum and is currently hovering around the psychological level of $2300.
Looking at the 1-hour chart, I’ve observed that gold has rebounded over 140 pips. It seems to be targeting the $2323 level, with the next resistance around $2338.
That's my take. What about you? Do you think gold can reach these targets, or will it pull back again? Let me know your thoughts in the comments!