BTC BULLISH ON 4HBtc is bullish on the 4 hour as it is going ot find support on the daily 50 ema and we are seeing increased volume. Targets are pretty clear with a 2:1 and 3:1 RR. That's it.
Analysis
GBPUSD Sell | Trade Setup AnalysisGBPUSD is moving in an ascending channel between the trend lines.
The price has reached the resistance level, which has already acted as a reversal point.
We expect a decline.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Fundamental Market Analysis for August 1, 2024 GBPUSDThe Pound-Dollar pair is unable to capitalize on the positive movement following the FOMC meeting and is fluctuating in a narrow trading range during the Asian session on Thursday. Spot prices are currently trading around the mid-1.28000s, almost unchanged for the day as traders prefer to take a wait-and-see approach in anticipation of the Bank of England (BoE) policy update.
Signs that global inflationary pressures are easing have fueled speculation that the UK central bank will cut interest rates later today. In fact, financial markets estimate the likelihood of the Bank of England cutting rates from a 16-year high of 5.25% to be more than 65%, and expect another quarter-point cut before the end of the year. This, in turn, will help to strengthen the British Pound (GBP) and boost the GBP/USD pairing.
However, investors are far from confident that the Bank of England will take immediate action as UK services inflation remains uncomfortably high. This, in turn, is deterring traders from placing fresh directional bets on the GBP/USD pair and resulting in a subdued range of price action. As such, the focus will be on the accompanying monetary policy statement and comments from Bank of England Governor Andrew Bailey at the post-meeting press conference.
Ahead of a key central bank risk event, the US Dollar (USD) selling bias following the FOMC meeting continues to provide some support for GBP/USD and should help limit the downside. The US central bank acknowledged recent progress in inflation and a cooling in the labor market. In addition, Fed Chairman Jerome Powell signaled the likelihood of a rate cut soon if inflation remains in line with expectations and led to a decline in US Treasury yields.
Trading recommendation: Trade predominantly with Buy orders from the current price level.
Buy GBP/USD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2850
Target Levels:
1st Resistance – 1.2905
2nd Resistance – 1.2930
Stop-Loss: To manage risk, place a stop-loss order below 1.2814. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
GBP/USD: Market Analysis and Strategic Implicationsmarkets trends is downside and next major support on 1.27800 .so we can plan for selling from 1.28600..
Sell EUR/USD Bearish Channel (Fed Interest rate)The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.0825, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0785
2nd Support – 1.0767
Stop-Loss: To manage risk, place a stop-loss order above 1.0845. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Will BoJ support Yen with a rate hike today?Macro theme:
- On Wednesday, the BoJ announced an interest rate increase and a bond tapering plan, reflecting confidence in the domestic economy's recovery and concern over the weakened yen.
- The BOJ raised the uncollateralized overnight call rate to 0.25%, marking the second rate rise this year after the Mar 19 increase, which ended negative interest rates, equity purchases, and yield curve controls.
Technical theme:
- USDJPY shifted its structure downward after breaking its support at 151.90. The price is trading below both EMAs, which is about to have a dead-cross signal, indicating that bearish momentum persists.
- If USDJPY cannot sustain above 151.90, it may extend its loss to 150.80 and 146.50.
- On the contrary, if USDJPY finds support at 151.90, the price may perform range trading within 151.90-155.80 till an apparent breakout occurs.
xauusdit seems to look like have bying price as we see it on the chart, confusion is will price drop on nfp..?? what you all think let me know in the comment.
Buy GBP/JPY Symmetric TriangleThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 198.05
Target Levels:
1st Resistance – 200.71
2nd Resistance – 202.43
Stop-Loss: To manage risk, place a stop-loss order below 196.20. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Platinum A Complex Equilibrium - Unraveling Market DynamicsThe platinum market is currently navigating a complex equilibrium shaped by a confluence of factors. A persistent supply deficit, driven largely by robust industrial demand, particularly from the automotive sector, has exerted upward pressure on prices. However, the specter of electric vehicle adoption, a long-term threat to platinum demand in the automotive catalyst market, introduces a countervailing force. This dynamic interplay between supply-demand fundamentals and technological disruption creates a challenging environment for market participants.
Moreover, the geopolitical landscape, particularly in South Africa, the dominant platinum producer, adds an additional layer of complexity. Labor unrest, infrastructure challenges, and broader political instability in the region can significantly impact supply and, consequently, prices. The broader global geopolitical environment also plays a role, as tensions between major world powers can create uncertainty and market volatility.
Despite these headwinds, the potential for inventory depletion and ongoing industrial demand suggest that the market may continue to exhibit bullish tendencies. Yet, the magnitude and timing of these bullish impulses will be contingent upon the evolving dynamics of supply, demand, and geopolitical risks. As such, market participants must adopt a nuanced perspective, carefully considering both the short-term and long-term implications of these interconnected factors.
Essentially, the platinum market is a complex system characterized by non-linear relationships and feedback loops. Understanding these intricacies is crucial for developing effective investment and trading strategies.
Bitcoin Cash update after the break of the 400 levelSo the idea worked out nicely and we cleared the 400 zone.
What's next? Well, watch the video idea.
CRYPTO:BCHUSD EASYMARKETS:BCHUSD
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Watch out for BoJ tomorrowThe BoJ will be coming out with its interest rate decision tomorrow. Be careful with your yen positions, if you have any.
#nzdjpy FX_IDC:NZDJPY EASYMARKETS:NZDJPY
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
POLYPLEX: Price ActionOkay, This one was #Requested by @Sensiiiii
Here is all you need to know about NSE:POLYPLEX :
- Stock depreciated about 60 % from its ATH
- It filled the long due Gap and took support from it
- Thence, It has been consolidating for 9 Months now
- Price trading below 200 EMA a.k.a accumulation phase
- The PE was 15 at ATH and after 60% Depreciation, it still stands at 11.5. It's gotten a little palatable (kind of). PB is decent at 1.15
- A strong trendline has been a constant resistance. Given the sideways nature of the price action, A break of it should not impact much.
- Nothing interesting as of now. Things will be set in motion if the price breaks either of the zones (based on its price action) Or some interesting candlestick formation materializes.
What should we analyze next??
Have Requests, Questions, or Suggestions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
XAU/USD BUY NOWHi Traders another trade on XAU/USD BUY NOW analysis made H1 to 15minutes.
Certified price action king.
AUD/USD SELL NOWHi Traders we have another trade on AUD/USD SELL. analysis taken from H4 scale down to 15minutes.
Certified price action king.
NASDAQ BUY STOP @19188.8Hi Traders we have potential trade on NASDAQ BUY STOP @19188.8 Use risk management when taking this analysis.
Certified price action king.
Fundamental Market Analysis for July 29, 2024 GBPUSDThe Pound-Dollar pair is trading on a stronger note around 1.28750 in the early hours of European trading on Monday. The dollar's decline amid hopes of an interest rate cut by the US Federal Reserve (Fed) in September is providing some support to the major pair. The US Federal Reserve (Fed) interest rate decision will be published on Wednesday, no changes in the rate are expected.
Most analysts and traders expect the Fed to leave the interest rate unchanged at its next meeting on Wednesday. The U.S. Federal Reserve may signal this week that an interest rate cut is around the corner, although many expect it to hold rates steady until its next rate decision in September. Investors now see the first rate cut coming by mid-September, estimating a 100% Fed rate cut of at least a quarter percentage point by then, according to CME FedWatch Tool data.
Traders will also be watching the FOMC press conference closely for new stimulus. A dovish FOMC tone could undermine the US Dollar and create a tailwind for GBP/USD.
As for the British Pound, the Bank of England may cut interest rates at its August meeting on Thursday, which would be the first rate cut since 2020. Markets are predicting a 50% probability of a quarter-point rate cut on Thursday, although opinions are divided on whether the cut will happen now or at the next meeting in September.
Trading recommendation: Trade in the 1.28400-1.28850 channel on a bounce from the levels.
GBPCAD price to drop soon?As you can see I am looking for sells on GC. Knowing the price is trading high in the market and with the first signs of structure shift even on 4H, it would be nice for a price to drop. I marked some targets, let's see what will happen and if we can see sellers getting into the market. One of my favourite setups for this week.
EU & EJ Narrative Analysis and Market Insights- 29 July, 2024Join me as I dive into my daily analysis routine, conducted every evening before the market opens. I'll show you how I decide whether to trade or stay out of the market the following day. My strategy revolves around trading just two currency pairs, and I'm excited to share my insights with you. Stay tuned for regular updates and trading tips.
Positive Outlook for Polkadot (DOT) PriceDespite the drop in Polkadot (DOT) price earlier this month, investors remain optimistic about this cryptocurrency and continue to invest in it.
The steady increase in capital inflows since mid-month indicates growing interest and confidence in the Polkadot project. These factors suggest a strong belief in the project's potential, which could lead to sustainable price growth in the future.
To confirm a real upward trend, Polkadot needs to break out of the current range between $5.5 and $6.5. If this happens, the price could reach $7.2 and $8.3. The current range is suitable for entry, with a stop-loss for this analysis being a daily candle closing below $5.5.
Banknifty Intraday Levels : 29-Jul-24Banknifty closed near at Resistance breakout drag price for upside rejection may drag for downside
Bullish > 51500
Bearish< 51200
Important zone Marked on chart, wait for rejection or candle confirmation for Entry
Silver likely more downside to come...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Looking at the chart.it seems more bearish than bull, likely looking for pullback to short.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Usd potential reversal?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Gonna be neutral for USD this week, wanting to see how the price action plays out with the avalanche of news coming out . Let's watch and play along. I do see a potential turn here.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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