GBP/ USD !! Resistance zone H4 !! SELL ⭐️ Smart investment, Strong finance
⭐️ GBP/ USD INFORMATION:
The GBP/USD pair remains above the 1.2800 level in early Asian trading on Friday, supported by selling pressure on the US Dollar. Focus will be on the US labor market data for February. GBP/USD is currently trading around 1.2810, up 0.01% on the day.
Federal Reserve Chair Jerome Powell presented the Monetary Policy Report and discussed potential interest rate cuts during a Senate Banking Committee meeting on Thursday. Powell suggested that rate cuts could happen soon if inflation signals cooperate, but did not provide a specific timeline. Investors anticipate the first cut to occur in June, with a total of four reductions by the end of 2024, amounting to a full percentage point decrease.
⭐️ Personal comments NOVA:
Resistance zone H4, buying force weakens, setting up SELL signal
⭐️ SET UP GBP/ USD PRICE:
🔥SELL zone: 1.28050 - 1.28250 SL 1.28550
TP1: 1.27700
TP2: 1.27300
TP3: 1.27000
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Sellsignal
TRB : SHORT SIGNAL : DISPROVING THE "SCAM COIN" MYTH Following the BTC retracement it's become clear what the likely bottom will be for TRB. There's been a lot of opinions regarding my previous post and how bad it was.. Sure.. I overestimated the target, but in my defense, I did call the trade and suggested setting a stop-loss at $160 in the event it did come down, which would have seen anyone that traded the signal, close their position in the money..
Whatever..
This trade appears more clear-cut and presents an opportunity to follow it down as it halves in value from current levels..
The setup on this trade:
My suggestion:
Enter short at the current price : ~$116.00 with about half the intended size position..
Set a stop-limit short order around $98.00 for the rest of the allocation..
Target: ~$60.50
NZDCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDCAD
I still did my best and this is the most likely count for me at the moment.
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GBPCHF SHORT postionAfter reaching a supply zone for the GBP may be it is time for correction. There is bearish divergence on the RSI 1H timeframe which I am thinking is going to happen. The TP zone could be the eclipse which is on the resistance zone. The other important thing is that the 200MA could be support zone which is not sure that the price will break. Do your own reasearch and please share you thoughts.
MATICUSDTHi guys
It seems that the two entry points that we specified are low risk for entering the sale transaction.
But there is a possibility that the downward trend will start from this area.
What do you think?
AUDCHF,🔴Is it bearish...?🔴(Details on caption)
Well as you can see, the price hit the daily FVG did the stop hunt, and had a bearish reaction, after the first bearish leg the price moved higher and hit the daily bearish order block and now we can see the market structure shift in the 1-hour chart, so we can expect the price move down to sell-side liquidity.
💡Wait for the update!
🗓️04/03/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
A period of excitement and optimism for Gold⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) increased to a level not seen in nine weeks, just below the $2,100 threshold, early on Monday during Asian trading hours. Speculation about potential interest rate cuts later this year was fueled by discouraging economic data from the United States on Friday. Additionally, the decline in US Treasury yields gave further momentum to the upward trend in investor demand for gold. As of now, the price of gold stands at $2,085.55, showing no change throughout the day.
According to data released by the Institute for Supply Management (ISM) on Friday, the US Manufacturing PMI fell to 47.8 in February from 49.1 in the previous reading. This marks the 16th consecutive month that the index has remained below 50, which indicates a contraction in the manufacturing sector.
⭐️ Personal comments NOVA:
In an optimistic period for Gold, Gold prices need a downward adjustment if they want to surpass the 2100 mark in the first quarter of 2024.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2064 - $2066 SL $2060
TP1: $2070
TP2: $2076
TP3: $2082
🔥SELL GOLD zone: $2093 - $2095 SL $2100
TP1: $2088
TP2: $2080
TP3: $2070
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAUUSD 100% CONFIRM ANALYSISDiscover an enticing Selling opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
GBP/ AUD !! Trendline and resistance !! SELL NOW ⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
Monday's trading session did not have many fluctuations, the price area touched the trendline and resistance area, setting up a SELL signal
⭐️ SET UP GBP/ AUD PRICE:
🔥SELL zone: 1.94300 - 1.94500 SL : 1.94800
TP 1 : 1.94000
TP 2 : 1.93700
TP 3 : 1.93300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
AUDJPY - risky SHORT ideaAfter a breaking of the main bullish trend, there is a quick short movement. The price did a correction to 0.5 of Fib + supply zone combined with resistance line. This could be followed by a quick short movement to demand zone where doble bottom could be formed. There is a risk because the main movement is upwards and the correction of the main movement was done to 0.5 Fib and demand zone. This is only idea with educational character.
WAVESUSDTHi guys
In the medium term, our view is for an upward trend. Especially if we look at the weekly time frame, we are on the verge of a medium-term bullish trend.
But on lower time frames, it seems that the possibility of forming a downward trend similar to the scenario is very high. Support areas in downtrends are completely consumed.
As long as the price area of $2.95 is maintained, the bearish scenario with the specified price targets is likely.
The price target of $2.77 is attractive to buy the spot.
What do you think
GBPJPY SHORT IDEAAfter a good movement for the GBP there was a slightly bear movement in the last days of this week. There was one new small bear canal which has been forming during the last days. As the last candle from Friday 01.03.2024 was a bear with a significant movement for JPY we could start looking for a short idea. The best variant to enter in a position will be after a successful retest of the demand zone which now we can consider as a supply one. It is not a good idea directly to enter in the short position because we do not have a confirmation if the zone is becoming supply.
PMI !! Will Gold price adjust DOWN?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is holding steady around the $2,045 mark during the Asian session on Friday. It remains within close reach of a nearly one-month high reached the day before. The release of the US Personal Consumption Expenditures (PCE) Price Index on Thursday showed that annual inflation in January was the lowest in three years. This has raised the possibility of a future interest rate cut by the Federal Reserve (Fed). However, this has not helped the US Dollar (USD) to continue its strong recovery from the 200-day Simple Moving Average (SMA). Instead, it has become a key factor supporting the precious metal.
Despite this, a number of influential members of the Federal Open Market Committee (FOMC) have indicated that the central bank is not in a rush to lower interest rates. Additionally, investors believe that the Fed will wait until the June policy meeting before making any changes to borrowing costs. As a result, this supports higher yields on US Treasury bonds and limits the upward movement of gold, which does not generate any yield. Furthermore, the prevailing bullish sentiment in global equity markets is also acting as a deterrent for traders to make new bullish bets on the safe-haven XAU/USD pair.
⭐️ Personal comments NOVA:
Gold price continued to benefit from yesterday's US unemployment data. increase to $2050 Zone. Strong resistance zone, in Uptrend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2032 - $2034 SL $2028
TP1: $2040
TP2: $2045
TP3: $2051
🔥SELL GOLD zone: $2058 - $2060 SL $2065
TP1: $2052
TP2: $2046
TP3: $2040
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
NZDUSD Short after a short bullish moveOverall the trend should be our friend. NZDUSD is in big bearish trend and after a sharply down movement it is time for a tiny correction. There is a bullish diviregence on the RSI 1H time frame, which may be is going to happen. Once the correction is done and the price hit supply zone it is good idea to look for a enter after candlestick confirmation or bearish diviregence on some of the oscillators.
AUDNZD Short idea - Diviregence 1H Time frameAfter a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply zone. The line for takeprofit 2 is the zone which I aim to close eventual position
BEAMX is beaming downwards #BEAMX/USDT #Analysis
Description
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+ BEAMX has formed a well-defined rising wedge pattern, which typically indicates a bearish trend in the chart.
+ Should the price breach the support line, we anticipate a sustained decline in price.
+ I plan to initiate a short trade as soon as the price breaches the support line, while maintaining a moderate stop loss.
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VectorAlgo Trade Details
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Entry Price: 0.032179
Stop Loss: 0.03804
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Target 1: 0.03043
Target 2: 0.02921
Target 3: 0.02687
Target 4: 0.02443
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-20x
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Enhance, Trade, Grow
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VectorAlgo
WHAT IS THE NEXT MOVE FOR EURUSD CURRENCY PAIR? READ THE CAPTIONFundamentally, the euro has been under pressure due to concerns about economic growth in the Eurozone. Recent data releases, including disappointing PMI figures and sluggish GDP growth, have raised worries about the region's recovery from the pandemic-induced recession. Moreover, uncertainty surrounding the geopolitical situation in Eastern Europe has added to investor caution, leading to a flight from euro-denominated assets.
In contrast, the US dollar has found support from strong economic data releases, particularly in the labor market and consumer spending sectors. Robust employment figures, coupled with rising inflationary pressures, have fueled expectations of tighter monetary policy from the Federal Reserve. The anticipation of interest rate hikes has strengthened the dollar against its major counterparts, including the euro.
Looking ahead, market participants will closely monitor economic indicators from both the Eurozone and the United States for further insight into the economic recovery trajectories. Key data releases, such as inflation figures, GDP growth rates, and central bank communications, will likely drive movements in the EUR/USD pair in the coming weeks. Additionally, geopolitical developments, particularly those related to tensions in Eastern Europe, could introduce volatility and impact investor sentiment towards the euro.
Overall, the fundamental backdrop suggests a bearish bias for EUR/USD, with economic divergence between the Eurozone and the United States likely to persist in the near term.
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TOTAL CRYPTO MARKET CAP AT 0.618 FIB LEVEL STAY ALERT hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.