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SasanSeifi 💁‍♂ EUR/USD (4-Hour Timeframe)Based on the 4-hour short-term chart of the FX:EURUSD currency pair, the price has been trending upwards from the 1.060 support zone. The price is currently trading above the EMA 60 and moving towards a supply zone. 🔹The current outlook is positive, with a potential for further upside movement towards the target zone of 1.077/1.080. ⏭An alternative scenario involves the price pulling back from the supply zone after a minor correction and then resuming its upward trajectory toward the target zones within the liquidity gap area. Key Support and Resistance Levels: Support: 1.070/1.068 Resistance: 1.077/1.080 🚨It is important to note that today is a significant news day, which could lead to increased volatility in the market. This is not financial advice. Always do your research before making any investment decisions. Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌ if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Long
by SasanSeifi
EUR/USD: Central Bank Rhetoric Economic UncertaintyIn the intricate dance of global currencies, the EUR/USD pair has recently found itself swaying to the tunes of central bank pronouncements and economic indicators. The past few days have been particularly eventful, as remarks from key figures like European Central Bank President Christine Lagarde and Federal Reserve Chairman Jerome Powell have reverberated through the forex markets, shaping sentiment and driving price action. Lagarde's comments, delivered during a speech in Washington, echoed a sentiment of cautious optimism tinged with concerns about the sluggish pace of growth in Europe compared to the United States. Despite acknowledging signs of a tentative recovery, Lagarde emphasized the ongoing battle against inflation, underscoring the ECB's commitment to maintaining stability in the face of economic headwinds. Meanwhile, Powell's remarks underscored the Federal Reserve's resolve to keep interest rates elevated for the foreseeable future, citing persistent challenges in taming inflation despite moderate improvements in growth and employment. The Fed's Beige Book echoed similar sentiments, noting the lack of substantial progress on inflation while acknowledging modest gains in other economic indicators. Against this backdrop, the EUR/USD pair embarked on a rebound, finding support at key technical levels and drawing strength from the nuanced shifts in central bank rhetoric. In higher timeframes, the price action hinted at a confluence of factors, with the 78.6% Fibonacci retracement level coinciding with oversold conditions on the Stochastic indicator, accompanied by divergence and the emergence of a Gartley harmonic pattern. Looking ahead, market participants are eagerly awaiting crucial economic data releases that could further shape the trajectory of the EUR/USD pair. Of particular interest are the US Unemployment Claims and Existing Home Sales figures, which will provide insights into the health of the world's largest economy and its implications for monetary policy. As traders navigate the intricacies of the forex market, uncertainty looms large, fueled by a delicate balance of economic indicators, central bank actions, and geopolitical developments. The EUR/USD pair, often considered a barometer of market sentiment and risk appetite, remains poised at a critical juncture, with each piece of incoming data and every central bank statement carrying the potential to sway the balance of power.
Long
by FOREXN1
1
GOLD done the buy now only bearish read the caption Gold has been hitting all-time highs almost daily for the past two weeks, reaching $2364 in the spot market on Tuesday before the start of US trading. The ability to rise above $2071 per ounce, which gold found in late February, has signalled a break of resistance that has kept gold above since August 2021 Gold is now rising more actively than it did in the previous long-term bull cycle. In 2011, years of gains were followed by a two-year consolidation, which was replaced by a three-year bear market
OANDA:XAUUSDShort
by Mrsam36
2
EUR/JPY Short and EUR/USD ShortEUR/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
Aussie for small profit and Sys vs Cash,3 pointsIn this live trading session video,we look at the AUDUSD trade that got recently stopped out for small profit on the 50k traders challenge account. 3 of the previous trades got stopped out before this and we look at how we should review the strategy as a professional if it is still working. We look at the the 3 steps we need to do for this System vs Cash results analysis review. The concepts and ideas in this video can be cross transferred onto any strategy.
by masterthemarkets2010
XAUUSD : Is gold showing signs of decline?Gold moved sideways after two days of decline as Middle East tensions cooled Gold prices have continued to weaken in the Asian session on April 24 after recovering slightly in the US session yesterday thanks to US PMI data and currently XAU/USD is trading around $2,320. Gold prices have now adjusted slightly and are currently trading around $2,320 after rebounding to $2,330 thanks to the weakening of the USD. Although gold prices are still supported by geopolitical risk concerns in the Middle East, gold's upward momentum seems to have weakened. The price's current resistance lies at $2,350. If buyers successfully push the price through this zone, the $2,400 threshold will be within sight. The market is now shifting focus back to US monetary policy. The PCE index - the Fed's preferred inflation gauge expected to be released on Friday - is forecast to remain stubborn in March, reinforcing the case for a delay in interest rate cuts, a thorn'' for gold because gold is not profitable.
OANDA:XAUUSD
by SantaTradeGold
AUDCAD $AUDCAD - Apr. 18th, 2024AUDCAD OANDA:AUDCAD - Apr. 18th, 2024 BUY/LONG ZONE (GREEN): 0.88750 - 0.89550 DO NOT TRADE/DNT ZONE (WHITE): 0.88500 - 0.88750 SELL/SHORT ZONE (RED): 0.87850 - 0.88500 Weekly: DNT (at last week's close it was labeled bullish, with current momentum it's DNT) Daily: Bearish 4H: Bearish OANDA:AUDCAD has broken done into the next zone. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, audcad, acad, aud, cad, GETTEX:AUD , LSE:CAD , OANDA:AUDCAD , forex, forexcurrency, forextrading, fx, fxpairs, fxaudcad, audcadtrend, audcadidea, audcadtrade, audcadsetup, audcadforecast, audcadlevel, audcadzone, audcadshort, audcadlong,
Short
by TonyAiello
GBPUSD: Thoughts and Analysis Today's focus: GBPUSD Pattern – Impulse in a downtrend. Support – 1.2330 Resistance – 1.2456 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at GBPUSD on the daily chart. Today, we have broken down the current PA we are seeing and thinking about on the GBPUSD. We have touched on news to come and discussed the USD index. Can buyers beat resistance and the down trend to start forming a new trend higher? Will we see buyers fail again, maintaining the pattern of LHs and LLs maintaining a new leg lower? Good trading.
by Eightcap
GBPAUD: Short term bullish trade.GBPAUD is practically neutral on its 1D technical outlook (RSI = 44.487, MACD = -0.002, ADX = 28.797) as the LL leg of the Channel Down was negated by the Double Bottom that was formed today. The 1D RSI turned upwards on a HL trendline and this is a short term bullish call, targeting the top of the pattern (TP = 1.94000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
Beginning of Tuesday's trading.. Forex markets 😼Hello traders.. EurUsd is about 87 pips from our monthly support level at 1.057.. not too far. The closest we've come was last Tuesday during the hawkish fed speech. Protecting against higher inflation is indeed important and slowing down economic growth as a result may be the only way. The weekly candle is back to being at Break even. The Daily candle today closed slighty bearish, a doji candle really. We went down during London and retraced the move back p during NY session. TheLow of the day was 4 minutes after New York stock exchange open. We saw a nice continuation of momentum with the new NY 4hr candle, to follow London bearish momentum. However, this was short lived as 1hr candles never quite managed to dig below the 1.06336 weekly support level. It's safe to say at this point that we are ranging and the volatility this week has been low.. but I suppose it's only Monday. End of Monday and around Asian session to begin Tuesday's trading has a tendency to be a turning point in the market for a good run.. How far? not sure.. maybe we can see 30-40 pips down to structural lows and around the weekly level 1.06336 and the Daily level 1.06184. If price pulls up higher, 1.067 could bbe a good entry point for either a small scalp or longer hold back to structural lows as we jsut mentioned. Pay attention to how candles interact with 1.065.. this will give us hints about further direction.
Short
by ShrewdCatfx
xauusd buyGold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. Gold price sees a fresh leg down in Asia on Tuesday even as risk flows dissipate. Receding fears over Middle East escalation offset subdued US Dollar and Treasury bond yields. Gold remains heavily oversold on the 4H chart, rebound appears in the offing. gold now buy 2301 tp1 2305 tp2 2309 tp3 2313 tp4 2317 tp5 2321 tp6 2340 gold confirm buy signal
OANDA:XAUUSDShort
by Mark804
AUDNZD: Channel Down top rejection.AUDNZD is marginally bullish on its 1D technical outlook (RSI = 58.715, MACD = 0.003, ADX = 36.182) as it started pulling back after the price got rejected at the top of the June-initiated Channel Down. All same RSI based pullbacks hit at least the 0.618 Fibonacci level and declined by at least -2.62%. Under those conditions, we are short on AUDNZD, targeting the closest of the two levels, the 0.618 Fib (TP = 1.07200). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope