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Usousd

2023.6.13 Daily European Perspective USDX is weakening again !2023.6.13 Daily European Perspective USDX is weakening again ! Hello, I'm Older Duan. Today is Tuesday, June 13 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the U.S. Dollar Index began to weaken today after reaching its peak of 21MA yesterday and last Friday! Now, let's look at gold. Now you can see the daily chart of gold. The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square! As shown in the figure, gold has been competing for three consecutive trading days at the bottom of the daily level, near the 2.000 level (1960 US dollars) of the gold split! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this position, bulls dominate; Below this position, bears dominate! Let's take a look at American crude oil. What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination! As shown in the figure, US crude oil continued to decline yesterday, reaching the recent bottom and engaging in a long short battle against the gold split's 0.382 level (around $67.1)! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate! Let's look at EURUSD. What you can see now is the daily chart of EURUSD. The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square! As shown in the figure, European and American currencies peaked near the daily line of 144MA (1.07921) yesterday and continued to rise upwards today! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate! Finally, let's take a look at GBPUSD. Now you can see the daily chart of GBPUSD. The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square! As shown in the figure, although the pound US currency closed negative on the daily trading day yesterday, it is still the most powerful among all non US currencies and precious metals in recent times overall! Then, in the subsequent period of this day, the opening price (1.25792) of yesterday will be taken as the Bitwise operation of the important point in the day! Above this point, bulls dominate; Below this point, bears dominate! Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period! Special reminder, today is Tuesday, and tonight there will be a five-star data release for the US CPI! Please pay attention to the risks! Im Older Duan. Wish you happy win . Goodbye!
PEPPERSTONE:USDX
by Think_More
2023.6.12 Daily European Perspective Daily peak of USD is 21MA2023.6.12 Daily European Perspective Daily peak of USD is 21MA Hello, I'm Older Duan. Today is Monday, June 12 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the U.S. Dollar Index tested the daily line 21MA twice last Friday and today! Now, let's look at gold. Now you can see the daily chart of gold. The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square! As shown in the figure, gold showed a pattern of long short competition at the bottom of the daily level last Friday and today, near the 2.000 level (1960 US dollars) of the gold split! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this position, bulls dominate; Below this position, bears dominate! Let's take a look at American crude oil. What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination! As shown in the figure, US crude oil continued to weaken from last Friday to today, and today's lowest point has already hit the daily level bottom near the 0.618 level (68.9 US dollars) of the gold split! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate! Let's look at EURUSD. What you can see now is the daily chart of EURUSD. The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square! As shown in the figure, European and American currencies continued to be weak against last Friday and today, with both lows hitting strong support levels at the daily level of 21MA (1.07423)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate! Finally, let's take a look at GBPUSD. Now you can see the daily chart of GBPUSD. The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square! As shown in the figure, the pound to dollar ratio remains the strongest among non US currencies and precious metals! Then in the future, we can use today's opening price (1.25792) as the Bitwise operation of the day! Above this point, bulls dominate; Below this point, bears dominate! Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period! Special reminder, today is Monday, and tomorrow there will be a five-star data release for the US CPI! Please pay attention to the risks! Im Older Duan. Wish you happy win . Goodbye!
EIGHTCAP:USOUSD
by Think_More
2023.9.6 Daily European Perspective USDX has plummeted !2023.9.6 Daily European Perspective USDX has plummeted ! Hello, I'm Older Duan. Today is Friday, June 9 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the U.S. Dollar Index broke through multiple support levels yesterday, and today it returns to the top daily line of 21MA! Now, let's look at gold. Now you can see the daily chart of gold. The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square! As shown in the figure, gold completely swallowed the previous day's decline yesterday and returned to the bottom of the daily level, above the 2.000 gold split ($1960) and the 21MA daily level ($1961.6)! Then, the following time today, just use these two positions as the important points in the day Bitwise operation! Above these two positions, bulls dominate; Below these two positions, bears dominate! Let's take a look at American crude oil. What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination! As shown in the figure, the lowest point of US crude oil yesterday hit around the recent bottom of 0.618 (68.9 US dollars) against the golden ratio! Then, in the following days today, we will continue to use the daily line level of 21MA ($71.59) as an important Bitwise operation operation! Above this point, bulls dominate; Below this point, bears dominate! Let's look at EURUSD. What you can see now is the daily chart of EURUSD. The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square! As shown in the figure, European and American currencies have continuously broken levels against each other yesterday, returning to multiple pressure levels. Yesterday and today, their highest points have peaked near the daily line of 144MA (1.07900)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate! Finally, let's take a look at GBPUSD. Now you can see the daily chart of GBPUSD. The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square! As shown in the figure, the pound to dollar exchange rate is clearly the strongest among non US currencies and precious metals! Then in the future, we can use today's opening price (1.25573) as the important Bitwise operation of the day! Above this point, bulls dominate; Below this point, bears dominate! Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period! Special reminder,Today is Friday, the weekly line will be closed tonight! Please pay attention to the risks! Im Older Duan. Wish you happy win . Goodbye!
PEPPERSTONE:USDX
by Think_More
2023.6.8 Daily European Perspective USOil is shaping triangular2023.6.8 Daily European Perspective USOil is shaping triangular Hello, I'm Older Duan. Today is Thursday, June 8 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, today is the eighth day for the U.S. Dollar Index to sort out under pressure! Now, let's look at gold. Now you can see the daily chart of gold. The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square! As shown in the figure, gold now shows a standard high point continuously moving downwards, while the low point remains in a horizontal flag shaped oscillation shape! Then, later today, take the 2.000 digits ($1960) from the bottom of the daily line to the top of the golden section as the important Bitwise operation of the day! Above this point, bulls dominate; Below this point, bears dominate! Let's take a look at American crude oil. What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination! As shown in the figure, US crude oil is currently competing in the dense range of the four hour moving average! Then, in the future, we will continue to use the daily line level of 21MA ($71.69) as an important Bitwise operation operation in the day! Above this point, bulls dominate; Below this point, bears dominate! Let's look at EURUSD. What you can see now is the daily chart of EURUSD. The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square! As shown in the figure, in the past three trading days, European and American currencies have shown a large fluctuation pattern of rising high points and decreasing low points against each other! Then, in the future period of this day, take today's opening price (1.07063) as the important Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate! Finally, let's take a look at GBPUSD. Now you can see the daily chart of GBPUSD. The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square! As shown in the figure, the pound US dollar broke through the key position of daily level 55MA (1.24638) yesterday, but did not close on it! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this point, bulls dominate; Below this point, bears dominate! Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period! Special reminder, today is Thursday and the weekly line will be closed tomorrow! Please pay attention to the risks! Im Older Duan. Wish you happy win . Goodbye!
EIGHTCAP:USOUSD
by Think_More
2023.6.7 Daily European Perspective EURUSD is weaker & weaker!2023.6.7 Daily European Perspective EURUSD is weaker & weaker ! Hello, I'm Older Duan. Today is Wednesday, June 7 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the US dollar index continues to be under pressure today, with a weak consolidation trend! Now, let's look at gold. Now you can see the daily chart of gold. The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square! As shown in the figure, both yesterday and today's highs of gold were suppressed by the daily level of 21MA (1964.56 US dollars)! So, for the rest of today, just use this position as an important point during the day! Above this point, bulls dominate; Below this point, bears dominate! Let's take a look at American crude oil. What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination! As shown in the figure, US crude oil is showing a bearish and weak state today! So, for the rest of today, we will continue to operate at the daily level of 21MA ($71.65) as an important intraday point! Above this point, bulls dominate; Below this point, bears dominate! Let's look at EURUSD. What you can see now is the daily chart of EURUSD. The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square! As shown in the figure, European and American currencies are showing a significantly weaker trend against today! So for the continuation period today, just use today's opening price (1.06979) as an important point for the day! Above this position, bulls dominate; Under this position, bears dominate! Finally, let's take a look at GBPUSD. Now you can see the daily chart of GBPUSD. The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square! As shown in the figure, the pound US currency tested the key position of daily level 55MA (1.24648) against the US dollar yesterday, and today it is clearly weak! So for the continuation period today, just use the daily line 21MA (1.24261) as an important point for operation during the day! Above this point, bulls dominate; Below this point, bears dominate! Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period! Special reminder, Today is Wednesday, and tonight there are two important data quotes at the four star level! Please pay attention to the risks! Im Older Duan. Wish you happy win . Goodbye!
by Think_More
2023.6.5 Daily European Perspective USDX is strengthening!2023.6.5 Daily European Perspective USDX is strengthening! Hello, I'm Older Duan. Today is Monday, June 5 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the US dollar index started to strengthen again last Friday, and today is the fourth time in recent history that it has tested the strong pressure on the daily line of 165MA (104.39)! Now, let's look at gold. Now you can see the daily chart of gold. The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square! As shown in the figure, the decline of gold last Friday and today has swallowed up the increase of last week! So, for the rest of today, the opening price of the previous week's line (1942.7 US dollars) can be used as an important point for intraday operations! Above this point, bulls dominate; Below this point, bears dominate! Let's take a look at American crude oil. What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination! As shown in the figure, US crude oil hit a recent high above $74 due to the stimulation of the news! So, for the rest of today, just use the daily level of 55MA (74.35 US dollars) as an important point for intraday operations! Above this point, bulls dominate; Below this point, bears dominate! Let's look at EURUSD. What you can see now is the daily chart of EURUSD. The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square! As shown in the figure, European and American currencies are currently engaged in a long short battle against the opening price of the first trading day of this month (1.06926)! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, bulls dominate; Under this position, bears dominate! Finally, let's take a look at GBPUSD. Now you can see the daily chart of GBPUSD. The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square! As shown in the figure, the pound US currency is currently engaged in a long short competition near the opening price (1.24034) on the last trading day of last month! So for the continuation period today, just use this position as an important point for operation during the day! Above this point, bulls dominate; Below this point, bears dominate! Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period! Special reminder, Today is Monday, and the impact of last Friday's big non agricultural data market will continue until tomorrow! Please pay attention to the risks! Im Older Duan. Wish you happy win . Goodbye!
TVC:USOIL
by Think_More
2023.6.2 Daily European Perspective GBP is strengthening !2023.6.2 Daily European Perspective GBP is strengthening ! Hello, I'm Older Duan. Today is Friday, June 2 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the US dollar index fell downwards yesterday and returned to below the daily levels of 144MA (103.51) and 377MA (103.55). It is likely that after stepping back on the daily level of 21MA (103.04), it will once again rise upwards! Now, let's look at gold. Now you can see the daily chart of gold. The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square! As shown in the figure, gold broke through the daily level of 21MA (1977.3 US dollars) yesterday and today! So, for the rest of today, use this point as an important point for intraday operations! Above this point, bulls dominate; Below this point, bears dominate! Let's take a look at American crude oil. What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination! As shown in the figure, US crude oil returned above the integer level of $70 yesterday! So, for the rest of today, just use this position as an important point during the day! Above this point, bulls dominate; Below this point, bears dominate! Let's look at EURUSD. What you can see now is the daily chart of EURUSD. The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square! As shown in the figure, European and American currencies rebounded against the daily line of 165MA (1.07456) yesterday! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, bulls dominate; Under this position, bears dominate! Finally, let's take a look at GBPUSD. Now you can see the daily chart of GBPUSD. The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square! As shown in the figure, the pound US currency has returned to its recent top position (1.25460) against yesterday and today! So for the continuation period today, just use this position as an important point for operation during the day! Above this point, bulls dominate; Below this point, bears dominate! Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period! Special reminder, Today is Friday, the second trading day of June, and there will be a big non agricultural data market tonight! Please pay attention to the risks! Im Older Duan. Wish you happy win . Goodbye!
by Think_More
2023.6.1 Daily European Perspective USDX is flat2023.6.1 Daily European Perspective USDX is flat Hello, I'm Older Duan. Today is Thursday, June 1 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the US dollar index has been vying for long and short positions against the 2.000 level (around 104.28) of the gold split at its recent top for several consecutive days! Now, let's look at gold. Now you can see the daily chart of gold. The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square! As shown in the figure, gold today swallowed up yesterday's gains and continued to engage in long short competition near the 2.000 level (1960 US dollars) of the gold split at the bottom of the daily level! So, for the rest of today, use this point as an important point for intraday operations! Above this point, bulls dominate; Below this point, bears dominate! Let's take a look at American crude oil. What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination! As shown in the figure, the highest point of US crude oil today has peaked at 0.618 points (68.9 US dollars) above the recent bottom of the gold split! So, for the rest of today, just use this position as an important point during the day! Above this point, bulls dominate; Below this point, bears dominate! Let's look at EURUSD. What you can see now is the daily chart of EURUSD. The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square! As shown in the figure, the European and American currencies rebounded slightly against the recent bottom up gold split of 2.000 (1.06635) yesterday, but continued to weaken today! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, bulls dominate; Under this position, bears dominate! Finally, let's take a look at GBPUSD. Now you can see the daily chart of GBPUSD. The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square! As shown in the figure, the pound US currency hit the daily level of 55MA (1.04530) twice yesterday and the day before yesterday! So for the continuation period today, just use this position as an important point for operation during the day! Above this point, bulls dominate; Below this point, bears dominate! Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period! Special reminder, today is Thursday, the first trading day of June. There will be ADP, Unemployment Claims, and EIA data market tonight, and big non agricultural data market tomorrow night! Please pay attention to the risks! Im Older Duan. Wish you happy win . Goodbye!
PEPPERSTONE:USDX
by Think_More
USOUSD H4 | Falling to an overlap support?USOUSD is falling towards a key support level and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 69.435 Why we like it: There is an overlap support Stop Loss: 67.454 Why we like it: There is an overlap support Take Profit: 73.466 Why we like it: There is an overlap resistance that aligns close to the 50.0% Fibonacci retracement Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
Oil set to break its consolidation?Today's focus: Oil Pattern – Ascending Triangle Possible targets – Downside 69.73, Upside 76.50 Support – 71.49 Resistance – 74.05 Hi traders, today we’re looking at oil after yesterday’s fast move down that snapped a three-day winning streak. Could this be the start of a move that breaks out of the current ascending triangle pattern? Sellers have some support to beat, and if it holds, it could hold the price in the consolidation until 74.05 is beaten. We will be watching to see if yesterday’s selling was more than one session and if price could be set to make a new move lower. Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:USOUSD
by Eightcap
USOUSD rises on reversal USOUSD today on the 15-minute chart dropped on a downtrend outside the Bollinger (lower) Band (49, ohlc,2) hit a Doji candle and then started the upward retracement. The RSI indicator shows relative strength hitting a bottom and bouncing up. RSI is about to go over 50. Price is currently below the high volume area with the POC line aligned with the basis center line of the Bollinger Bands. The ECHO indicator, a predictive algo tool is for a 2.5 % upward trend over the next 2-3 days. I see this as a good entry point for a long leveraged forex trade.
EIGHTCAP:USOUSDLong
by AwesomeAvani
USOUSD H4 | Reversal from 50.0% Fibo?USOUSD (WTI) is rising towards a key resistance level and potentially reverse from here. We could see price move down to our take profit target. Entry: 73.683 Why we like it: There is an overlap resistance that aligns with the 50.0% Fibonacci retracement Stop Loss: 75.582 Why we like it: There is an overlap resistance close to the 61.8% Fibonacci retracement Take Profit: 70.231 Why we like it: There is a recent swing-low Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:USOUSDShort
by VantageMarkets
USO Up or Down OIL ECOMONY in fluxAs certain countries want to exchange oil for money with anything but USD such as Chinese Yen or even a cryptocurrency to be launched by US neutrals or adversaries cooperating, USO on this chart rose dramatically over the past month and is now sitting at resistance as shown by the LuxAlgo Supply and Demand Zone indicator. The RSI shows possible bearish divergence perhaps heralding a reversal of the uptrend. I see this as a good place to take a short sell entry and most buyers have taken their profits. Fundamentally there are enough competing geopolitical and macroeconomic factors to deprive USO of the energy to push through resistance. See also the link below from US federal forecasters. I see this as a short trade at a limit price below the resistance zone and stop loss above it. Profit targets can be the VWAP, the midline between the supply and demand zones as a 50% Fibonacci retracement of the uptrend and finally one standard deviation below the anchored VWAP making for a safe three-tiered take-profit procedure to optimize profit and diminish risk also adjusting the stop loss at intervals using ATR as a guide. 40% at each of the first two targets and the remainder at the last. Put options 20-30 DTE at the a strike above the resistance zone for a good delta are another consideration.
AMEX:USOShort
by AwesomeAvani
1
Oil continues to test key resistance after the OPEC surge. Oil continues to hold firm on Wednesday after a strong surge on Tuesday that saw close to two percent added after sellers looked to test the new floor set up by buyers after the stunning gains seen after OPEC's surprise production cuts. Since the news price has sat in a range between $79.65 and HKEX:81 , maybe we would have seen a new test lower to see how firm the gap was. No, buyers made a new push yesterday, breaking out of the mini range, but now continue to be held back at key resistance. Early in the LON session, buyers are trying to push, but resistance remains in play for now. Looking at yesterday's momentum, if we can see it continue, could this be the move that finally clears this level of resistance? We feel that if we do see a break, this could open up buying, and there's a chance we could see the low 90s possibly tested. The drivers behind the rally are firm, but traders will need to keep an eye on the US response if we see oil trading back at certain levels, as this will start to impact their continuing war with inflation. What do you think? Could we see USOUSD trading back at HKEX:83 - HKEX:85 this week or next? Good trading.
EIGHTCAP:USOUSDLong
by Eightcap
USOUSD (Crude Oil) Daily: 02/04/2023: Bull or Bear?! As you can see, after the downward movement, the price started correction around 64$. Well now, the crude oil price is on an important level. It is daily resistance, the price is near 0.705 Fibo. level (Optimal trading level) and some other reason that can pull the price down. On the other side, The momentum of this correction was high that it may cause the price to reach higher levels and then fall. I must point out that the demand zone specified in the chart is strong and can temporarily keep the price above this range, and if not much selling power enters the market, the price may break the supply zone. Overall, I see this chart as bearish and believe that the price will fall from here or from the supply zone. 💡Wait for the update! 🗓️02/04/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
FX:USOILSPOTShort
by VahidTradingCR
1
Oil Finally Broke 3 Month Consolidation USOil has been consolidating since late December. If you're a trend trader you know you're either going to be waiting for price to break the consolidation range before you trade or if you were already in the trade, you'll be holding onto the trade until price begins trending again. Well, USOil finally made a new low. This is a great time to setup for future sell positions if rice pulls back and can stay below the last lower high price. If you haven't read my previous post on oil, where I go into detail about the consolidation range, give it a read. The post is below. As always, thanks for reading this quick post. Be sure to like the post to boost it. I appreciate it.
EIGHTCAP:USOUSDShort
by ShaquanLopez
USOUSD Daily: 22/02/2023: Will buyers push the price up? As you can see, the price is in the bearish structure and we expect the price to see lower levels. I am bearish till the price is below the weekly resistance. But for now, we can see that price move in the trading range for a while and it means there is huge liquidity on both sides of this range. In addition, we are under 50% of the previous bearish wave so we are in discount and searching for a buy setup. In that case, from here or low time frame demand zone with low time frame confirmation we can go long. our first target can be the supply zone and then 50% Fibo level and finally, above 83.31 we can close our position. 💡Wait for the update! 🗓️22/02/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
FX:USOILLong
by VahidTradingCR
13
USOUSD (Crude Oil): 06/02/2023: Key levels of weekly chart Well here is our long-term view of crude oil. As you can see, the price is in the downtrend and we expect a continuation of a bear market. Bear scenario: In this scenario, we have 66.13- 69.544 as a key zone. The price should break down this zone and stay below. For this goal, the price can move upward till around 75 and then start the main decrease. Bull scenario: Although I see the market in a downtrend, I believe we should be ready for both sides of the market. In this scenario, there is a liquidity pool below 70.22 and exactly after that, we have an important demand zone of 66.13- 69.544. If this zone work, the price can rise to 78.18 as the first target after that goes higher than 82.37, and 87.83 is our last target. 💡Wait for the update! 🗓️06/02/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
VANTAGE:USOUSD
by VahidTradingCR
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Oil reverses losses. Could we see a push higher? Hi TradingView community, today’s focus is on oil as price has, for now, reversed seller momentum and could be starting to form a support bounce. Overall the price remains range-bound between 93.50 and 83.65. But price continues to trade outside of the last major downtrend, and we have two higher lows after the September low. Today sellers took control in the Asian session, but with a risk asset recovery into the LON session, we have also seen oil’s fortunes reverse back to the buyer side. We can see a solid area for demand from and below support, which lines up with the higher lows. Today’s reversal maintains 85.40 support and will continue to back up yesterday’s higher low if we see a higher close today. These are all good signs, and if buyers can continue, we will be looking to see if they can retest the supply area. A break of supply could set off a new leg higher that we hope could retest resistance. If buyers fail today and we see a new move back below 85.40 support, this will keep us on the lines as we wait to see if supply can continue to hold. EIA crude inventories are due Thursday morning at 2:30 am AEDT. Have a great Wednesday and good trading
EIGHTCAP:USOUSDLong
by Eightcap