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Gold Quick Video Idea - 2024.04.08EASYMARKETS:XAUUSD For more in-depth analysis, join the Daily Pitch International Webinar every morning, at 6:00 GMT, on YouTube. www.youtube.com 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.
EASYMARKETS:XAUUSD
by easyMarkets
Is NZDJPY In Falling Wedge, Or Is Something Else Building Up?Looking at the short-term technical picture of EASYMARKETS:NZDJPY , from around mid-March, the pair is trading inside a falling wedge pattern, which tends to be a bullish indication. Additionally, the rate continues to trade above a short-term upside support line drawn from the low of July 2023. Despite these indications to the upside, in order to aim higher, we would like to wait for a violation of the upper side of the aforementioned wedge first. If that happens, we would aim for the 91.21 obstacle, or even for the 92.20 zone, marked by the highest point of March. If the buying doesn't stop there, the next possible target might be at 93.45, which is the current highest point of this year. Alternatively, a break of the lower side of the previously mentioned wedge and a drop below the upside line could attract more sellers into the game. EASYMARKETS:NZDJPY may then travel to the 89.26 obstacle, a break of which could set the stage for a move to the 88.64 level. That level marks the current lowest point of this year. If it fails to provide support and breaks, this move might clear the path to the 87.67 zone, which is the lowest point of December 2023. 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.
by easyMarkets
CHF Loses Ground After The SNB Rate CutToday, the Swiss National Bank cut its interest rate, dropping from +1.75% to +1.50%. Last time we saw any changes made in the rate were back in June 2023, when the Bank lifted the rate from +1.75% to +1.50%. After the release of the news CHF devalued against all of its major counterparts, even against the currently-weak USD. Looking at the technical picture of EASYMARKETS:USDCHF on our daily chart, we can see that the pair popped higher today after the SNB release. The rate rose above a key resistance barrier, at 0.8886, which is the highest point of February. As long as EASYMARKETS:USDCHF continues to trade above that barrier, we will stay positive, at least with the near-term outlook. Given that the pair had already reached and overshot one of our key resistance areas, at 0.8954, we will continue aiming higher. That's when we will target the 0.9052 obstacle, or even the 0.9113 level, marked by the highest point of November 2023. In order to shift our attention to some lower areas, a break of a short-term tentative upside support line taken from the lowest point of December 2023, is needed. This way a directional change of the current uptrend may occur, possibly inviting more sellers into the game. EASYMARKETS:USDCHF could then fall to the current lowest point of March, at 0.8730, a break of which may set the stage for a move to the 0.86500 area. That area is marked near the inside swing highs of January 29th and February 1st.
by easyMarkets
Can Ripple Join The Other Crypto Boomers?Looking at XRPUSD on our daily chart, we can see that Ripple is barely moving higher, despite the recent crypto-mania. Major cryptos such as Bitcoin and Ethereum have accelerated rapidly to the upside at the end of February. This is something that Ripple is struggling to achieve. Most likely the demand for this crypto has faded away due to the ongoing lawsuits, which the SEC has against this tech company. That said, from the technical perspective, recently, the rate had popped above a medium-term downside resistance line drawn from the highest point of July 2023. At the time of writing, the crypto continues to balance above that trendline, however, in order to get comfortable with further advances, we would have to see XRPUSD remaining above that downside line. If that happens, we will then aim for higher areas, such as the 0.6241 hurdle, marked by the high of January 11th. If that hurdle is not able to withstand the bulls, its break may clear the way to the 0.6582 obstacle, or even the psychological 0.7000 zone, marked by the highest point of December 2023. Alternatively, a break of a short-term tentative upside support line taken from the low of January 31st, may attract more sellers into the game. XRP/USD could then travel to the 0.5182 hurdle, marked by the current lowest point of this week. If that hurdle doesn't stop the fall, the next possible target might be the current lowest point of this year, at 0.4815, or even the 0.46000 level. 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.
EASYMARKETS:XRPUSD
by easyMarkets
1
CHFJPY Looking For An ExitFrom around the beginning of January, EASYMARKETS:CHFJPY continues to move sideways, while trading roughly between 169.30 and 171.50 levels. While the pair remains inside that range, the rate could continue moving sideways. That said, given that the prevailing trend is to the upside, there is a greater chance the breakout could occur through the upper side of that range. If EASYMARKETS:CHFJPY makes a move through the upper side of the range, this will confirm a forthcoming higher high, potentially attracting more buyers into the action. Given that the pair would enter uncharted territory, there are no historic resistance barriers available, hence why we will target hurdles such as 173.00 and 175.00. Alternatively, a drop below the lower side of the aforementioned range, at 169.30, could spook the remaining bulls from the field for a while. That's when EASYMARKETS:CHFJPY could travel to the 166.78 zone, marked by the current lowest point of this year. If that zone surrenders and breaks, this move will establish a new low for the year, possibly creating an opportunity to send the rate to the 165.65 level. That level marks the low of December 21st. 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.
by easyMarkets
Will the downside line provide strong resistance for GOLD?Looking at the technical picture of EASYMARKETS:XAUUSD on our 4-hour chart, we can see that after a brief visit of the area below the psychological $2000 mark, the commodity is now struggling to find it's next near-term direction. This is because it had approached a short-term downside resistance line drawn from the highest point of December. In order to continue moving higher, a break of that downside line is required. Otherwise, the recent move higher might be seen as a temporary correction before another possible leg of selling. If the aforementioned downside line continues to provide strong resistance, EASYMARKETS:XAUUSD could drift back down again. We will get even more excited with examining lower areas if the price falls below the 2024 territory. At the same time, EASYMARKETS:XAUUSD could fall below all our EMAs on the 4-hour chart, increasing the chances of further declines, as more sellers may join in. We will then aim for the 2015 obstacle, or even the 1996 zone. That zone is marked by the inside swing high of February 14th and the low of February 16th. Alternatively, a break of the previously discussed downside line and a push somewhere above the 2039 barrier, marked near the highs of February 6th and 8th, could signal a change in the direction of the current short-term trend for EASYMARKETS:XAUUSD , potentially inviting more buyers into the field. That's when we will start aiming for the next possible resistance area between the 2064 and 2065 levels, which acted as a strong resistance area from the 5th of January. 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.
EASYMARKETS:XAUUSD
by easyMarkets
It Only Took 8 Years. Is GBPJPY Ready For A Higher High?After a strong reversal and a confirmation of a higher low at the end of last week, EASYMARKETS:GBPJPY made its way back to its key resistance area, at around 188.90. This barrier continues to provide strong resistance from the end of November 2023. Also, back in November 2015, the pair struggled to overcome that hurdle, resulting in a prolonged sell-off. It only took 8 years to get back to that area again. Although there is an indication that more upside could follow, we prefer to wait for a breakout first. Additionally, this week we get the British unemployment numbers, together with the CPIs, preliminary GDP and retail sales figures. This data could create more volatility for GBP. If EASYMARKETS:GBPJPY ends up pushing strongly above the 188.90 territory, this will confirm a forthcoming higher high, possibly clearing the way to some higher areas. We will then target the 192.00 zone, which is near the inside swing low of August 7th, 2015. However, if that area is no match for the bulls, our next target could be somewhere near the 196.00 level. This is near the highest point of 2015. Alternatively, to consider lower zones again, a break below the 186.16 hurdle would be required. Recently, it acted as a strong support, meaning that its break may attract a few more bears into the field. We will then target the next potential support area, roughly between the 182.20 and 182.76 levels, which mark the inside swing high of December 27th and the low of January 9th respectively. If EASYMARKETS:GBPJPY continues to slide, our next aim is the 178.60 hurdle, which is near the current lowest point of this year. 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.
by easyMarkets
Big Week For DXY. Short-Term ReviewThis week will be a major one for the US dollar index, as the amount of economic data released from the US might raise volatility of the instrument significantly and spark interest among traders. Apart from the JOLTS, ADP, Chicago PMI, ISM Manufacturing PMI and NFP, we also get the first one of this year’s Fed interest rate decisions on Wednesday. Currently, EASYMARKETS:USXUSD is ranging roughly between the 102.83 and 103.60 levels, meaning that traders and investors are waiting for one of the economic events to bring it out of that sideways action. While the rate stays inside that range, we will remain neutral. A break above the upper side of the range, at 103.60, may signal the rising appetite of the bulls, as a forthcoming higher high would be confirmed. EASYMARKETS:USXUSD could then travel to the highest point in December, at 104.26. If that doesn’t stop the buyers, the next possible target might be 104.68, which is the low of November 6th. Alternatively, to consider lower areas, a drop below the lower side of the aforementioned range, at 102.83, which is also marked by the high of January 5th, would also place EASYMARKETS:USXUSD below the 200 EMA on our four-hour chart. Such a move could temporarily spook the bulls from the field, allowing the bears to take control. This may open the door for the rate to slide all the way to the 101.62 territory. That territory is marked near the lows of December 15th and Janay 5th. 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.
EASYMARKETS:USXUSD
by easyMarkets
Is Brent Oil Ready To Go For A Higher High? Looking at the short-term technical picture of EASYMARKETS:BRTUSD on our 4-hour chart, we can see that the price is approaching a key resistance area, around the 81.50 hurdle, which is marked near the highest point of December 2023. At the same time, the price remains well above a short-term upside support line drawn from the lowest point of December. Although everything is pointing towards a move higher in the near term, we would still prefer to wait for a break above that 81.50 zone, in order to get comfortable with examining higher areas. If that break happens, this will confirm a forthcoming higher high, potentially attracting even more bulls into the field. This could set the stage for EASYMARKETS:BRTUSD to move towards its next key resistance barrier, at around 84.60. That barrier marks the high of November 30th. That level also acted as a good area of support on 1st, 2nd and 3rd of November. Alternatively, to consider lower areas, a break of the aforementioned upside line would be needed. Additionally, a price-drop below the 77.82 hurdle, marked by the current lowest point of this week, could open the gateway for more bears to come through. EASYMARKETS:BRTUSD may then slide to the 76.55 obstacle, a break of which might clear the path towards the 75.26 level, which is the low of January 8th. 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.
EASYMARKETS:BRTUSD
by easyMarkets
#BONE #Wychoff #Distribution #Eddy#BONE #Wychoff #Distribution #Eddy (("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets.")) (("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin. If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis. This is not an investment proposal and only my opinion, please act based on your experience and decisions.")) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below : #BTC #Bitcoin #Final #Update #Wychoff #Distribution #Eddy ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻‍💻 1/16/2024 ❤️
by Eddy_Trade_
GOLD - Price can exit from pennant and rise to resistance levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price bounced from support level, which coincided with support area, and declined to support line of pennant. After this, XAU bounced from this line and made strong upward impulse to resistance level, which coincided with resistance area. Price broke $1990 level, and soon Gold declined below this level again, but soon rose back, making fake breakout. Then XAU rose to resistance line of pennant, after which price at once bounced and declined to support line. Recently price bounced from this line and now Gold trades very near from resistance line of pennant. Possibly, price can make little correction, after which it bounce up to $2085 level, exiting from pennant pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
1
#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy (("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets.")) (("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin. If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis. This is not an investment proposal and only my opinion, please act based on your experience and decisions.")) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below : ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻‍💻 1/14/2024 ❤️
M
by Eddy_Trade_
4
2024 Week01 analysis. What can we expect?Last week of 2023 was a good tradingweek for us. After gold fell from 2090 an broke below 2072. We sold the market. Currently gold is moving between 2 channels. 1 big bull channel(yellow) and 1 smaller bearish channel(orange) Below 2072 we need to focus on selling the market. ATM gold respected the support channel last week and gave a rejection to the upside. A better confirmation would be waiting for a proper break below off the bullish channel(yellow) Then we can add sells with first target 2047. If gold mange to push up again then wait for proper confirmation around 2072 for sells. In the long run i am focusing on 2047 for potential going long again. But we need to follow priceaction around that level. Bullish target from here are 2070, 2090 and 2100 resistance: 2072, 2090, 2100 Support: 2047, 2032, 2018
OANDA:XAUUSDShort
by ForexGoldIntraday