GOLD H4 RE-ACCUMULATION FINAL TP 3 000 USD🔸Hello guys, today let's review 4HOUR price chart for gold. Ongoing -RE-accumulation in progress, strong chart overall, BULLS maintaint control. Accumulation not complete yet, so we are not ready to hit 2750/3000 yet.
🔸Key s/r zones defined at 2250 usd / 2500 usd / 2750 usd / 3000 usd.
So this a list of the key s/r zones in play right now, we are trading well
above strong s/r zone at 2500 usd so currently limited downside.
🔸Previously gold accumulated ins 2300/2450 usd range before finally
breaking the 2500 usd psyuchological resistance level. Currently
2500 usd flipped from resistance to support, therefore bulls maintain
strategic advantage overall.
🔸new re-accumulation zone bulls 2565 / 2685 usd.
🔸Recommended strategy position traders: BULLS should wait for
re-accumulation to complete and buy low near 2565 usd.
initial TP is 2750 USD and towards end of 2024 - 3000 USD.
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Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Eurusd-3
Levels discussed 30th September 30th September
DXY: Price could retrace from 100.40 to 100.55 and possibly retest bearish trendline. But overall downtrend, with support at 100.20
NZDUSD: Sell 0.6345 SL 20 TP 45
AUDUSD: Sell 0.6955 SL 20 TP 50
GBPUSD: Sell 1.3355 SL 20 TP 50
EURUSD: Buy 1.1175 SL 20 TP 40
USDJPY: Sell 141.50 SL 50 TP 130
USDCHF: Buy at 0.8440 SL 20 TP 70
USDCAD: Buy 1.3545 SL 20 TP 50
Gold: Could consolidate between 2640-2652 range, If broken lower, could trade down to 2616.
EURUSD Bullish continuation of the Channel Up.The EURUSD pair is defying the Double Top selling pressure of the 1.12100 Resistance and it appears that there are high probabilities of extending the Bullish Leg of the June's Channel Up.
With the support of the 1D MA50 (blue trend-line) that contained the September 11 pull-back, the trend may be targeting the pattern's top for a new Higher High. It appears that so far there is high symmetry between the July - August 2024 Leg and October - November 2023 trend (both +4.99% rises), so the current uptrend may be of around +3.85%, similar to the one of December 2023.
As a result, with the 1D MACD also on a Bullish Cross, we are targeting 1.13500 for a Higher High.
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EURUSD: Join the purchase!EUR/USD is hovering below 1.1200 in early Monday morning in Europe. The pair lacks fresh directional momentum, awaiting flash German CPI data and Fed Chair Powell’s speech. More stimulus efforts from China help keep risk sentiment sweeter amid Middle East risks.
Given the current market conditions, it looks like EUR/USD will continue its larger uptrend, as the chart shows.
The first resistance zone to watch is 1.1200, followed by the upper channel resistance around 1.1240
EURUSD: probability for short reversalFed's favorite inflation gauge, the PCE price index, was standing at 0,1% for the month in Augusta, modestly below 0,2% expected by the market. The Core PCE was also 0,1% for the month. The personal income increased by 0,2% in August, while personal spending increased by 0,2% for the month. The US GDP Growth Rate final for Q2 was without change from previous estimate at 3% for the quarter. The US house price index in July was standing at 0,1% for the month, below consensus of 0,2%, bringing the increase of house prices up to 4,5% on a yearly basis. New home sales dropped by -4,7% in August for the month, still below forecasted -5,1%. Figures continue to show that the US housing market continues to struggle in the environment of high interest rates. Durable Goods Orders were standing at 0% in August, while the market was expecting to see a drop of -2,2%. Michigan Consumer Sentiment final for September was standing at the level of 70,1, which was a bit higher from forecasted 69,0.
The economic sentiment in Germany continues to slow down. Posted HCOB Manufacturing PMI flash for September shows further drop to the level of 40,3 from August figure of 42,4 which was also forecasted for September. HCOB Services PMI flash for September showed the same trend, reaching 50,6 down from forecasted 51. At the same time Ifo Business climate for September reached 85,4 down from expected 86. The GfK Consumer Confidence in Germany for October reached -21,2 and was higher from forecasted -19. The unemployment rate in Germany was unchanged at 6% in September.
The currency pair spent the previous week testing the 1,12 current resistance line. The trading range during the week was between 1,1090 and 1,1208. The Relative Strength Index was moving around the level of 60 during the week. This is indication that the market is still reluctant to clearly step toward the overbought market side. The moving average of 50 days continues to diverge from its MA200 counterpart, not providing any indication over a potential for a cross in the coming period.
The currency pair tested the 1,12 resistance line during the previous week. As there has not been enough market strength to clearly cross this line, it increases the probability for a short term reversal in the coming period. Still, some stronger moves to either side should not be expected. As per current charts, there is some probability that the 1,11 level to be tested for one more time, while there is lower probability that the eurusd could return back toward the 1,10 support line. It should also be considered that the US non-farm payrolls will be released in the week ahead, which might bring some volatility back to the market.
Important news to watch during the week ahead are:
EUR: Inflation rate in Germany for September, Inflation rate in the EuroZone flash for September, Unemployment rate in the Euro Zone in August, Producers Price Index in the Euro Zone for August, Retail sales in August for the Euro Zone.
USD: Fed Chair Powell speech, ISM Manufacturing PMI for September, ISM Services PMI for September, Nonfarm payrolls, Unemployment rate
XAUUSD H4 Analysis And Route Map for next MovePair Name = XAUUSD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2650 Gold Price level and 2670 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2653 to 2658. That indicates if Price breaks this level. Then we will see a small retesting period.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2615 to 2600 price level.
EMA 5 Crossing levels:-
2655 To 2658
Retracement Zone:-
2600 To 2615
Bullish Gold Levels:-
2673
2690
Bearish Gold Levels:-
2650
2638
2615
2600
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accurate analysis according market next move. Happy trading.
#EURUSD - 30092024EURUSD gave a good long opportunity off the buy level given, a move of 60 pips with a drawdown of 15pips. It hit the strong double resistance on PCE data perfectly before a strong down move. But still the lows held.
Weekly candle is a tweezer type of formation, which indicate indecision. Daily candle is red, but overall it is ranging, as we see alternating red and green candle. This morning, it opened and moved higher. Thus I am cautiously bullish, for PZ to hold for a move higher to 1.1240.
EURUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
EURUSD: Bearish Continuation & Short Signal
EURUSD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURUSD
Entry Point - 1.1159
Stop Loss - 1.1185
Take Profit - 1.1115
Our Risk - 1%
Start protection of your profits from lower levels
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Euro can reach resistance level and then start to declineHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price declined to 1.0775 points, after which turned around and made a strong impulse up to the 1.1000 support level, which coincided with the support zone. Then the price rebounded from this level and made a small correction movement, and then continued to move up next. Soon, the price broke the 1.1000 level and made a retest, after which rose to the resistance level, which coincided with the seller zone. Next, EUR turned around and started to decline to support the level inside a triangle. And when it reached this level, which coincided with the support line of the triangle, the price turned around and rebounded. A short time later Euro reached the 1.1200 resistance level and some time traded near this level and even tried to break it, but failed and dropped below. So, in my opinion, the price can reach the resistance level again and then start to decline to support line of the triangle. After the price reaches this line, it can break it, thereby exiting from the triangle pattern and continuing to move down. For this case, I set my TP at 1.1060 points. Please share this idea with your friends and click Boost 🚀
EURUSD Is Very Bearish! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.116.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.099 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURUSD: Your Trading Plan For Next Week Explained 🇪🇺🇺🇸
EURUSD is trading in a long-term bullish trend on a daily.
In September, the price formed a huge ascending triangle formation
- a classic bullish accumulation pattern.
Your strong bullish signal will be a breakout of the underlined resistance
- the neckline of the pattern.
A daily candle close above that will confirm the strength of the buyers
and a bullish trend continuation.
Next goal will be 1.124 then.
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Trading is a waiting game🔸Trading is a waiting game. Stop forcing trades. Learn waiting for your setups. A trader who can't wait is not a successful trader.
🔸Waiting is the hardest part of trading. And also the least talked about. If you can improve your waiting you will improve your trading.
🔸Trading is a waiting game. You sit, you wait, and you make a lot of money all at once. Profits come in bunches. The trick when going sideways between home runs is not to lose too much in between.
🔸Overtrading is the number one reason why traders blow their entire accounts because it exposes them to unnecessary risks and costs that vanish their capital. Some studies show that overtrading accounts for more than 75% of trading losses among retail traders.
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
EUR/USD to push above to 1.12299 We can see price on the Euro has been moving bullish as of recent as it is currently retracing on the HTF. I suspect price will push up to the 2day supply I have marked out. price may perform either one of two scenarios before reaching this zone in order to ultimately continue in it's HTF downtrend.
Scenario A:
Market open price pushes down taking both equal low liquidity and trendline liquidity tapping into the 1H demand at the swing low beneath the Asian low then pushing up into the 2day supply taking the triple equal highs.
Scenario B:
Price pushes up at Market open and taps into my 38min zone and continue in its HTF downtrend taking all the liquidity to the downside. This zone is validated by a LTF Change of character. It is also possible price may react from this zone in order to carry out scenario A.
Although scenario B is likely I believe that Scenario A is most likely to play out as this is supported by price breaking structure to the upside and the amount of strong bullish candles to the upside. This also correlates with the Dollar as I am expecting price to be bearish this week on DXY. It is also possible that price may push straight into this 2 day supply without tapping into any of my zones which I would then use as liquidity points and TP targets.
Ultimately, my objective is to be open minded and understand the different possibilities and outcomes of what the market can do and be able to adapt to each scenario accordingly. Hope this analysis helps you going into this week :D
EURUSD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.1159
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.1115
Safe Stop Loss - 1.1185
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Trading Psychological Levels 101What are psychological levels?
🔸Psychological levels are price points in financial markets that hold significant meaning for traders and investors, mainly due to their simplicity and ease.
🔸Typically, these levels are round numbers, ending in 00 or halfway points like 50.
🔸With currency pairs, the exchange rate of 1.0” or parity is also a major psychological level.
🔸Traders tend to anchor their decisions around these levels, leading to increased buying and selling pressure when prices approach or surpass them.
How to Trade Psychological Levels
🔸Identify Key levels: The first step in incorporating psychological levels into your trading is to identify the key levels relevant to the financial instrument (e.g. currency pair) you are trading. This can be done by observing historical price action and noting round numbers where the price has previously shown significant reactions.
🔸Monitor Price Action: Keep a close eye on how the price behaves as it approaches a psychological level. Look for signs of increased price volatility, as this can indicate heightened interest from market participants.
🔸Set Entry and Exit Points: Once you have identified a psychological level and observed price action around it, use this information to set entry and exit points for your trades. For example, if the price has bounced off a psychological support level, you might enter a long position just above the level and set a stop loss slightly below it.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
EU continues multi-day uptrend!Hello everyone!
Currently, the EU is maintaining a slight upward momentum, despite a short decline from 1.2000 and closing the week around 1.1159. This has many people worried about the possibility of further declines, but don't be nervous! The price channel is still holding and the cup-with-handle pattern is gradually completing, promising to trigger a new growth wave in the medium term.
So, as long as the price channel remains in an uptrend, the market will continue to explode, and the Buy strategy will still be a good choice for the upcoming trading sessions. Once the EU breaks above 1.1200, it will not be difficult to move further to new highs in the short term. What do you think about this view?
EUR/USD Trendline BreakoutIf EUR/USD breaks below this trendline, it could lead to a significant bearish move.
🎯 First Target: Upon the breakout, the first target will be the nearest support level.
🎯 Second Target: If the momentum continues, we could see further decline toward the next major support.
Keep an eye on the volume and price action for confirmation.
EURUSD What Next? BUY!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.1153 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.1167
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURUSD: Weak Market & Bearish Forecast
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURUSD chart which, if analyzed properly, clearly points in the downward direction.
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