LOOKING TO SHORT WTI AT AROUND 76.46The market is overbought at around 76.46, we are expecting a Sell off for about 200 points, This will also mark a weekly correction. The fundamentals are currently supporting this move.
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XAU/USD- Bearish trend continues Intraday Swing LowWe will be selling the swing at around 2012 with stops at around 2020 for a test of 1994 levels, Stock market is flat, Bond is rising nicely. So we would expect another leg low today.
Reports: US treasury auctions offer $13 billion of 20 year bonds at a high yield of 4.423%
AUD/USD Sell Trade Based on Technical Analysis-Forex Pip TargetsDescription:
Embark on a lucrative trading journey with a compelling Forex opportunity that revolves around an AUD/USD sell trade, meticulously analyzed through advanced technical indicators. As the global financial markets continue to evolve, strategic traders are eyeing this potential profit-making scenario with great anticipation.
Technical Analysis Highlights:
Bearish Trend Confirmation:
Comprehensive technical analysis reveals a clear bearish trend in the AUD/USD currency pair. Multiple indicators, including moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence), align to signal a downward trajectory, providing a solid foundation for a sell trade.
Key Resistance Levels:
Critical resistance levels have been identified through careful analysis of historical price action. These levels act as formidable barriers, further validating the potential for a downward movement in the AUD/USD pair.
Chart Patterns:
Recognizing chart patterns is crucial in predicting market movements. The presence of bearish chart patterns, such as descending triangles or head and shoulders formations, adds weight to the sell proposition, enhancing the probability of a successful trade.
Forex Pip Target Projection:
In this sell trade opportunity, traders are encouraged to set a realistic pip target to maximize profits while managing risk effectively. The Forex Pip Target for this AUD/USD sell trade is conservatively projected at pips, offering a balanced risk-reward ratio.
Risk Management Strategy:
Implementing a robust risk management strategy is paramount in navigating the uncertainties of the forex market. Traders are advised to set stop-loss orders strategically, protecting their capital from unexpected market fluctuations. Additionally, monitoring the trade closely and adjusting stop-loss levels as the market progresses is essential for optimal risk management.
Conclusion:
Seize the moment and capitalize on this carefully analyzed Forex trade opportunity in the AUD/USD pair. The sell trade, backed by comprehensive technical analysis, presents a favorable risk-reward profile, making it an attractive prospect for traders seeking potential profits. Stay informed, stay strategic, and embark on this trading endeavor with confidence.
(Note: This description is a generic example and should not be considered as financial advice. Always conduct thorough research and consider consulting with a financial professional before making trading decisions.)
DXY: Market trends todayToday DXY D1 chart stochastic is still falling sharply and the histogram is growing almost at 0, the weekly stochastic is also falling sharply and the histogram is also getting shorter so it is likely that DXY will only return to test the bottom and will continue to decline.
Gold is trending down after a recovery periodToday we will have very important USD news: ISM Manufacturing PMI, JOLTS Job Openings, ISM Manufacturing Prices and in the early morning of November 2 there will be 3 more news: Federal Funds Rate, FOMC Statement, FOMC Press Conference but This news is likely to have a big impact on gold, so we need to pay attention to orders when the news comes out
According to technical analysis, October is a month of strong growth for gold. On the monthly chart, histogram and stochastic have a divergence, RSI does not see a divergence.
Yesterday gold broke through the upward price channel so our trend will be to sell and the H1 stochastic frame is already in the oversold area so it is likely that gold will have a rebound to 1990, the price range from 1990-1992 we can sell stochastic The H4 frame still tends to go down, so the possibility of gold decreasing is very large
AUDUSD in BUY ZoneAUDUSD in BUY Zone - 4 Hour Support Zone
Buy Long @ 0.63125
SL @ 0.62832
TP @ 0.64400
The Fed maintains its hawkish stanceGold prices extended the previous day's healthy recovery from $1,900 or above three-week lows and gained stronger traction for the second straight day on Friday. Momentum lifted XAU/USD to three-day highs around the $1,915-$1,916 region during the Asian session, although a meaningful upside move still seems unlikely.
The US Dollar (USD) has pulled back from its highest since March reached on Thursday and is seen as a key factor driving some of the flows towards US Dollar-denominated Gold prices. The decline in USD may be due to profit-taking amid a slight weakening of United States (US) government bond yields. However, strong expectations that the Federal Reserve (Fed) will keep interest rates higher for longer will be a driver of US bond yields and the Greenback.
Gold price forecast todayGold prices ended five straight days of decline, trading higher at around $1,920, up 0.20% in Thursday's Asian session. However, precious metals are facing downward pressure as traders consider the possibility that the US Federal Reserve (Fed) will increase interest rates by 25 basis points (bps) until the end of 2023. .
Hawkish sentiment surrounding the Fed's policy decision at the upcoming September meeting continues to support US Treasury interest rates. This strengthens investors' confidence in the US Dollar (USD). The yield on the 10-year US Treasury note rose to 4.28%, up 0.05% at press time. The US Dollar Index (DXY) is around 104.80, measuring the value of the Greenback against six major currencies.
CPI news today will be very excitingGold prices tried to make up for the previous day's losses, trading around $1,910 per troy ounce higher in the early trading hours of Wednesday's Asian session. This currency pair is trending up due to the decrease in the value of the US Dollar (USD).
However, gold prices face challenges as the market is cautious ahead of the release of US inflation data, expected to be released later in the North American trading session.
The US consumer price index (CPI) is expected to increase 0.5% month-on-month, up from 0.2% the previous month. Meanwhile, core CPI, which excludes food and energy price fluctuations, is expected to steady at 0.2%
Will it break 1900 in the European session?On August 14, the world's third largest economy, Japan, announced GDP growth in the second quarter of 2023, with an impressive increase of 6% compared to the same period last year, much higher than the expected level. previously reported is 3.7% and forecast is 3.1%.
Along with positive economic information, the USD continued to strengthen. Specifically, the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies increased by 0.25% compared to the previous session, to 103,170 points.
When the dollar is strong, investors withdraw capital from gold to reduce deposit costs as well as find profitable investment channels. Therefore, pushing the gold price down deeply, there is no chance to reverse and increase again.
XAUUSD : Appearance of weakness in the 1900 zone?U.S. retail sales data released on Tuesday showed consumer spending remained strong in the country, potentially indicating more inflationary pressures in the coming months.
Investors mostly favor the dollar and Treasuries as a safer haven than gold, as risk appetite worsens amid worsening economic conditions across most globally, especially in China.
The greenback steadied near 1-and-a-half month highs on Wednesday, after recovering sharply from 2023 lows over the past month
GOLD 28/6 - Can the bulls hold the $1900 mark?The US Dollar experienced significant gains towards the end of last week as the Federal Reserve adjusted its perception of the interest rate trajectory.
The reaction of Treasury yields will play a crucial role in determining the outcome. If they surpass the inflation rates priced in by the market, real yields may increase slightly, potentially leading to a decline in gold prices.
Although there seems to be a double bottom pattern forming for gold at the H4 timeframe, confirmation of this pattern requires the market to break through the resistance level at $1932. Once this barrier is breached, the short-term target for gold would be $1950.
We will be monitoring the resistance level at the H4 EMA 34 for a potential selling opportunity.
SELL GOLD zone at: $1926 - $1928 - $ SL $1934 (It is best to carefully review the FOMC news before entering the order)
SELL GOLD zone at: $1942 - $1945 SL $1953
Based on technical analysis indicators EMA 34, EMA 89 with strong resistance zone $1940 - $1943
Go Long On crude for $20 tgt ($95) On weekly to 10D & 12D charts, it's time to go long on oil. Use your 1h & 2h charts for entries as per your TS. Find chances to go long on pullbacks & other consolidation-b/o patterns . Tgt can take 15-30 days, though one can take multiple trades & book Profits at several intervals. Along with it, we need to keep an eye on copper long trades as well.
EURUSD Chart Behavior On 8th March The entire day we can observe that the Intrument traded on a Sideways market with some false breakouts during the NEWS.
ATTENTION !!
Be prepare for a sudden Movement , it could be a bear run or a bull run as well.
US30 ON A BULLISH WAVE , ENTRY EXPLAINED The new entry iis explained in detail.signals in the premium channels
DOUBLE TOP IN BTCUSD ! IS THIS IS THE HIGH OF BTCUSDBTCUSD in the monthly chart showing the double top
and now the question is that. is this is an indication of btcusd to fall down or it will break the pattern and go higher from the past record or is it going to shift more downward which no one expected! it will be a great time if it falls to take a bearish trade! we have to wait for the confirmation to enter in trade !
SHORT BTC/USDTBINANCE:BTCUSDT
SHORT BTC
Short/Sell BTC
CMP :48832
Target :39515
Stop Loss :53237
Signal: Negative
Sentiment: Negative
Crossover: Negative
Timeframe: 5-7 days
Probability: Medium
Note: Some sideways movement expected before the fall.
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GJ long this another amazing trade on gj catch 30 pips on that lets goo if you wanna get same trade as me Dm me
NZDUSD AnalysisMy Technical Analysis
1. Bullish on weekly timeframe.
2. Broke down trendline on daily tf, hence buy bias.
3. Supported by the 50 EMA on 4h tf.
4. Nicely Rejected by the previous higher high and wick is near the 50 period ema on 1H tf.
5. Trendline break on 5min tf with a bullish engulfing candle.
RISK REWARD RATIO - 1 : 6.66
Guys, I just wanna say that if this (almost) impossible trade idea is a win then I deserve a Gold Medal for this XD.
I know by the time I finish typing this the trade might have progressed quite a bit but I'll try to figure it out for the next time.
Entry/Exit stuff
Entering on the Bullish engulfing candle that broke the down trendline on 5min tf - Stop loss below the swing low - Profit Target is on the weekly tf resistance line
About Myself
Hello Traders,
My name is Sid. A New trader in market, started 6 months ago, did a price action / technical analysis course recently and now I'm here to practice and test my skills in real time. I'll be sharing my analysis and my ideas on many forex pairs here. Would appreciate your support (like, share, comment, etc.) and I'll see you on the next episode of Drag.... I mean "REAL TIME TRADER" (still thinking of a gud name, plz recommend some)
See ya.
EURUSD sell NOW | catch pipsHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in EURUSD .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
GBPJPY SELL | Great opportunityHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in GBPJPY .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
GBPUSD - DAY TRADE VIEW.GBPUSD - It's one of the rarest days we are witnessing today, I suggest you to trade with small lots.
My approach at this point of time in GBPUSD will be a short sell at current price 1.28500
Potential target 1.27680 Maintain stop loss at 1.29000
Traders, if you liked this idea hit the like button & write in the comment section.
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