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XAUUSD Technical Analysis 17.04.2023 1h chart– Previous Weekly candle closed Doji Bearish at 2004.300 leaving a Rejection wick at 2047.500, Friday Daily candle closed Strong Bearish forming Daily Resistance at 2040.700. – Buys on close above 2006.600 targeting 1h previous Support formed at 2013.700, Leaving Runners to the next 15min Support formed at 2022.100. – Sells on close below 1995.800 targeting 4h Support at 1989.500, Leaving Runners to the Daily previous Resistance formed on 31s March 2023 at 1980.700. – High Impact News ahead for the Empire State Manufacturing Index data 30min after the New York session opens.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 17.04.2023 1h chart– Previous Weekly candle closed Strong Bullish at 165.990 just within the Rejection wick formed on the last weekly candle of February 2023, Friday Daily candle closed weak Bullish as price has been ranging across all the sessions. – Buys on close above 166.300 targeting 1h Resistance 166.170, Leaving Runners to the 1h Resistance formed on 16th December 2022 at 167.100. – Sells on close below 165.880 targeting 1h Support at 165.620, Leaving Runners to the 4h Support formed at 165.350. – Ideally is to wait for price to break out of the No Trade Zone with price confirmation.
by SalimFX20
AUDJPY ShortHere is the Simple and clean analysis on AUDJPY based supply/demand/imbalance. We are looking forward to wait for the price to fill the Supply zone where waits the imbalance. withe the CE we will enter and bring the price down to the demand area which looks very possible. As we are looking to take down the imbalance which awaits on the Demand zone. We are looking forward to take 7.61 Reward with the risk of only 1% of the equity. Press like if you agree! Trade safe. Cheers Fxgoldsniper
Short
by Europeanbulls
XAUUSD Technical Analysis 10.04.2023 1h chart– Previous Weekly candle closed Bullish at 2007.900 above Weekly Resistance formed on Monday 20th March 2023 and forming new Weekly Support at 1969.200, Thursday Daily candle closed Bearish forming Daily Resistance at 2020.800. – Buys on close above 2012.600 targeting 4h Resistance at 2017.600, Leaving Runners to the Daily Resistance formed at 2020.800. – Sells on close below 2003.600 targeting 4h previous Resistance formed on 24th March 2023 at 1999.100, Leaving Runners to the Daily previous Resistance formed on 24th March 2023 at 1993.700. – As Daily candle closed Bearish forming Resistance and Weekly closing Bullish and forming Support there is a good probability for price to retest the 1990 area and form Support on the Daily allowing the new Weekly candle to form bottom wick before breaking the recent Highs.
OANDA:XAUUSD
by SalimFX20
Winning Combinations of Technical and Fundamental IndicatorsHere are some combinations of technical and fundamental indicators that investors often use to analyze stocks. 1. Moving Average, MACD , RSI + Valuation Ratios (P/E, P/B, P/S) This combination of technical and fundamental indicators is commonly used by investors to analyze the short-term price trends of a stock and its long-term valuation. Moving averages, MACD , and RSI are technical indicators that can help investors identify short-term buy or sell signals, overbought or oversold conditions, and follow the trend. On the other hand, valuation ratios like P/E, P/B, and P/S can provide insights into the company's long-term valuation and potential for growth. For example, if a stock's P/E ratio is significantly lower than its industry average, it may indicate that the stock is undervalued and could present a buying opportunity. 2. Bollinger Bands , Ichimoku Cloud , Stochastic + Financial Statement Analysis, Interest Rates This combination of technical and fundamental indicators is commonly used by investors to analyze a stock's price volatility and trend as well as its financial health and economic factors. Bollinger Bands , Ichimoku Cloud , and Stochastic are technical indicators that can help investors measure price volatility , identify overbought or oversold levels, and follow the trend. Financial statement analysis can provide insights into a company's financial health, including its revenue, earnings , and debt levels. Interest rates can also provide insights into the broader economic trends that may impact the stock's performance. For example, if interest rates are rising, it may indicate a stronger economy, which could positively impact the stock's performance. 3. Fibonacci Retracement , Support and Resistance , MACD + Economic and Political News, Key Economic Indicators ( Inflation Rate, GDP, Unemployment Rate) This combination of technical and fundamental indicators is commonly used by investors to analyze a stock's short-term price trends, volatility , and support and resistance levels, as well as the overall economic performance and market trends. Fibonacci retracement , Support and Resistance , and MACD are technical indicators that can help investors identify short-term buy or sell signals, measure volatility , and identify support and resistance levels. Economic and political news, as well as key economic indicators like inflation rate, GDP, and unemployment rate, can provide insights into the overall economic performance and market trends that may impact the stock's performance. For example, if there is positive economic news or if key economic indicators like GDP and inflation rate are improving, it may indicate a growing economy and positively impact the stock's performance. It is important to note that these combinations are just examples and their effectiveness may vary depending on market conditions and the trading strategy used. Investors should always exercise due diligence and research before using indicators in their trading strategy. Feel free to share your own combinations of indicators and opinions in the comments section below.
Education
by Julien_Eche
XAUUSD | Market outlookThe XAU/USD pair shows a corrective decline, retreating from the record highs of March 2022, updated the day before. The instrument is testing 2010.00 for a breakdown, waiting for new drivers to appear on the market. Investors are in no hurry to open new positions in anticipation of tomorrow's publication of the March report on the US labor market, which may significantly affect the future monetary policy of the US Federal Reserve. Current forecasts for the May meeting of the regulator are ambiguous and almost equally imply both keeping the interest rate unchanged and its further increase by 25 basis points. One way or another, the pressure on the American currency is increasing this week with the publication of uncertain macroeconomic statistics. The day before, a weak report was released from Automatic Data Processing (ADP) on Nonfarm Payrolls, which reflected a drop in the indicator from 261.0 thousand to 145.0 thousand, with a forecast of 200.0 thousand. The Services PMI from the Institute of Supply Management (ISM) was also disappointing, falling in March from 55.1 points to 51.2 points, which turned out to be noticeably worse than expected at 54.5 points. The instrument, in turn, is supported by the declining yield of US bonds observed since the end of March: 10-year Treasuries are trading at a rate of 3.2940% after opening at 3.3480% at the last session.
PEPPERSTONE:XAUUSDShort
by DynamicCapital-FX
C3.ai Stock - Quick Technical OverviewC3.ai Quick Overview The stock of the C3.ai Inc (NYSE: AI) company has been hitting the wires lately. It is a U.S. artificial intelligence enterprise, providing software-as-a-service application that enables deployment of enterprise-scale AI applications. Because of the recent increased popularity of Chat GPT, artificial intelligence became the hot topic among investors. This gave C3.ai stock a good boost, tripling the share price from the level where it was at the start of 2023. Although the performance is good, there are concerns that this recent rally might not be sustainable, as the company is still struggling to become profitable. Despite the attempts from the management to boost confidence among existing and potential investors, for now, the company is only expected to become profitable somewhere at the end of 2024. Another major issue for the company is constantly increasing competition from other tech giants such as Alphabet Inc. (GOOUSD on easyMarkets platform) and Microsoft Corp. (MSFUSD on easyMarkets platform). Microsoft is invested in the OpenAI company, which has the rights to Chat GPT, and Alphabet is set to launch its own version of A.I.-powered search engine. This makes C3.ai stock look attractive for now, however, there is doubt it may withstand the competition. From the technical perspective, the stock soared in the beginning of this week and until yesterday it was above the 30-dollar mark. Yesterday, the share price fell sharply, however managed to remain above all the EMAs on our daily chart. The price structure is still of higher highs and higher lows. If the broader stock market reverses its course to the downside, the stock might suffer greater losses. For stock trading, check out easyMarkets free guaranteed stop-loss and take-profit options. 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.
NYSE:AI
by easyMarkets
10 Common Technical Indicators Simply Explained for Easy TradingTrend Indicators: 1. Moving Average (MA): The Moving Average is a popular trend-following indicator that smooths out price data by creating a constantly updated average price. The MA is used to identify the general direction of a trend, as well as potential support and resistance levels. The most commonly used MA types are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). Short-term traders often use shorter MAs, such as the 10-day or 20-day MA, while longer-term traders may use the 50-day or 200-day MA. 2. Moving Average Convergence Divergence (MACD): The MACD is another trend-following momentum indicator that shows the relationship between two moving averages of a security's price. The MACD consists of a fast line (12-day EMA), a slow line (26-day EMA), and a signal line (9-day EMA). The MACD is used to identify trend reversals and momentum shifts. When the fast line crosses above the slow line, it is considered a bullish signal, and when the fast line crosses below the slow line, it is considered a bearish signal. Momentum Indicators: 3. Relative Strength Index (RSI): The RSI is a popular momentum oscillator that measures the velocity and magnitude of price movements. The RSI compares the average gains and losses over a specific period of time to determine whether a security is overbought or oversold. The RSI typically ranges from 0 to 100, with readings above 70 indicating overbought conditions and readings below 30 indicating oversold conditions. The RSI can be used to confirm price trends and to identify potential trend reversals. 4. Stochastic Oscillator: The Stochastic Oscillator is another momentum oscillator that compares the closing price of a security to its price range over a specific period of time. The Stochastic Oscillator consists of two lines: %K and %D. The %K line is the main line, and the %D line is a moving average of the %K line. The Stochastic Oscillator is used to identify overbought and oversold conditions and potential trend reversals. When the %K line crosses above the %D line, it is considered a buy signal, and when the %K line crosses below the %D line, it is considered a sell signal. Volatility Indicators: 5. Bollinger Bands: Bollinger Bands are a popular volatility indicator that consists of three lines: a moving average, an upper band, and a lower band. The upper and lower bands are typically set two standard deviations away from the moving average. The bands expand and contract as volatility increases and decreases. When the price is at the upper band, it is considered overbought, and when it is at the lower band, it is considered oversold. Bollinger Bands can be used to identify potential trend reversals and to confirm price trends. 6. Average True Range (ATR): The ATR is a volatility indicator that measures the average range of a security's price over a specific period of time. The ATR is typically used to identify potential breakout opportunities and to set stop-loss orders. High ATR readings indicate high volatility, while low ATR readings indicate low volatility. Oscillator Indicators: 7. Commodity Channel Index (CCI): The CCI is an oscillator indicator that measures the difference between a security's price and its average price over a specific period of time. The CCI typically ranges from -100 to +100, with readings below -100 indicating oversold conditions and readings above +100 indicating overbought conditions. The CCI can be used to identify potential trend reversals and to confirm price trends. 8. Relative Vigor Index (RVI): The RVI is another oscillator indicator that measures the strength of a security's price relative to its closing price range over a specific period of time. The RVI typically ranges from 0 to 100, with readings above 50 indicating bullish conditions and readings below 50 indicating bearish conditions. The RVI can be used to identify potential trend reversals and to confirm price trends. Volume Indicators: 9. On-Balance Volume (OBV): The OBV is a popular volume indicator that measures the buying and selling pressure of a security based on its volume. The OBV adds the total volume of a security when its price increases and subtracts the total volume when its price decreases. The OBV can be used to confirm price trends and to identify potential trend reversals. 10. Chaikin Money Flow (CMF): The CMF is another volume indicator that measures the buying and selling pressure of a security based on its volume. The CMF takes into account both the price and volume of a security to determine its overall buying and selling pressure. The CMF typically ranges from -1 to +1, with readings above 0 indicating buying pressure and readings below 0 indicating selling pressure. The CMF can be used to confirm price trends and to identify potential trend reversals. In conclusion, technical indicators are essential tools for traders to analyze securities and make informed decisions about buying and selling. Each indicator has its own strengths and weaknesses, and traders often use a combination of indicators to confirm their trading decisions. By understanding how these indicators work and what they measure, traders can gain a deeper insight into the behavior of the markets and potentially improve their trading performance.
Education
by Julien_Eche
2
OIL - Potential start of move up?Fundamental Analysis Oil prices (WTI) extended its recovery, rising yesterday to their highest level in two weeks, just over $74, after advancing for a second consecutive session. After political disputes between Iraq, the semi-autonomous Kurdish region of Iraq, and Turkey halted the export of approximately 450,000 barrels of crude per day, gains were driven by disruptions in energy flow. Oil's upside in the near term could be bolstered despite rising headwinds for growth-linked commodities, such as the increasing likelihood of a U.S. recession, if flows are not restored quickly. Consequently, traders ought to watch out for improvements in the Center East, basically until territorial erosions start to ease. Technical Analysis The recent bounce back from $64 price area is empowering, however oil still bearish in the big picture especially after that big sell-off from early March, with prices well below the current major MAs. So, in the event of a bearish reversal, the $72 price will serve as initial support, followed by the $70 psychological price level. Selling interest could accelerate quickly if that last level is decisively removed, and heading down further to retest the $64 price area of that Lower Low. And, the $62 region (red line) could still be a target, as a subsequent pivotal support on further weakness pass the $64 price level. Now, on the other hand, if price keeps pushing up, the resistance would lie in TL at $76 price range. In an even of a Trendline BO scenario, buyers could gain strength to launch an offensive aiming for $81 price level, which corresponds to the 2022/23 sell-off. Additionally, this push could encounter rejection or some resistance from this region (not shown on chart) and would then range for a while as per an indecisive market. All that said, from a pure TA stand point, we believe there is a good chance that price will keep pushing up, so let’s see!
FX:USOILSPOTLong
by financialflagship
GBPJPY Technical Analysis 03.04.2023 1h chart– Previous Monthly candle closed weak Bullish at 163.740 respecting the Monthly Support formed in January 2023, Previous Weekly candle closed Bullish above recent Weekly Resistance formed on the 1st week of March, forming new Weekly Support at 159.800. – Buys on close above 163.990 targeting 4h previous Support formed at 164.530, Leaving Runners to the 1h Resistance at 164.920. – Sells on close below 163.560 targeting 4h Strong Support at 163.200, Leaving Runners to the 1h Support formed at 162.640. – As the monthly and Weekly candle just started there is a higher probability for price to pullback retracing to retest some of the broken level of Resistance.
by SalimFX20