XAUUSD | New perspective Following a sharp decline since mid-April 2022, the Gold prices rallied 1% on Friday on the back of a retreat in the dollar, but the yellow metal was set to end the month lower on bets of aggressive policy tightening by the U.S. Federal Reserve.
In this regard, I am having two possibilities of a counter-trend and trend continuation set-up which are duly explained in detail in this video. However, market open will determine what option we will be leaning on as I shall do an update in the comment section of my tradingview account when confirmations arise.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Breakdown
GBPNZD | New PerspectiveFollowing a 500pips move since my last publication on this pair (see link below for reference purposes); It appears we do have another trading opportunity here on the GBPNZD.
The appearance of a reversal set-up on the 1H time frame coupled with the obvious that the price is currently within a supply zone; we might want to consider a selling opportunity on this one as we anticipate a breakdown/retest of the key level @ 1.94 for confirmation.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Recession warning on S&P500?The 2-year and 10-year Treasury yields inverted for the first time since 2019 . On Thu Mar 31st , the yield curve showed a possible warning signal that a recession could be happen at anytime, but the curve needs to stay inverted for a substantial amount of time before it gives a valid signal. People get excited about the yield curve because, historically it has been a good predictor of the onset of recession.
Against a backdrop of searing inflation, Russia’s War in Ukraine and a commodity shock, the relentless flattening of the yield curve and its predictive qualities has market watchers on edge.
Goldman Sachs Group Inc. sees the odds of a U.S. recession as high as 35% in the next year, while Grant Thornton’s Diane Swonk sees the twin blow of Fed tightening and higher oil prices potentially tipping the economy into a recession. The yield curve may serve Economists more than Investors, the key factor in the yield curve inversion is that, while it can often forecast darker days ahead for the economy, it is NOT a sell signal for those who invest in stocks
GJ break down analysis I'm currently looking for a buy opportunity in this pair, ultimately because of change of volume and trend towards the upside, now with that being said, you will see here I have two trend lines on the bottom and top showing on the 1hr TF but its set on the 10 min TF right over a current imbalance that's going on. So, I'll wait let market tell me what it wants to show me after a break happen on either trend line and ill follow up with updates or even a trade idea hopefully and we get this show on the road. Stay tuned...
NZDUSD D1 Swing Trade Position Analysis Descriptive breakdown of what I am looking on NZDUSD for this upcoming week. Price has previously following a downtrend making lower lows & highs. Price has formed an inverse head on shoulders formation, & the neckline has been broken which aligns with resistance structure of the previous downtrend. Price now is steadily forming a series of higher highs & lows on the lower timeframe (H4-H2). Now that price has broken above this key level zone, price has retested broken resistance as new support & has reacted twice off this daily key level of support. Next week, I am anticipating for price to make one last retest of the support zone for a 3rd rejection / retest, to active buying positions & my upside target will align with the descending trend line & powerful resistance zone.
Hope you enjoyed my breakdown feel free to drop a thumbs up if you agree or comment if you would like to discuss! Lets have a great trading week & stay ahead of the game :)
CHFJPY | New PerspectiveIt has been strong bullish momentum in the last couple of weeks and it appears we might be heading for a retracement in anticipation of a trend continuation to the upside. In this regard, we are hoping to take advantage of a counter-trend opportunity if it finally happens. A reversal pattern is identified on the 1H time frame and a signal is confirmed considering the broken neckline. At this juncture, it is advisable that we wait and see how the price reacts to the neckline.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDUSD | Perspective for the new week AUDUSD appears to be at risk of further decline in the nearest future as price action is currently oscillating within a supply zone on the weekly time frame. Find in this video what my thought process is prior to making a decision on this pair.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Clear rising wedge in us30We can see a clear rising wedge or bearish wedge in us30. We can see a downfall in us30
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USDT.D READY TO FALL! MARKET WILL BOUNCE ANYTIME!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update. USDT.D looks bearish here. It means BTC and Alts can pump well.
USDT.D makes a symmetrical triangle in an 8hr time frame and it already breaks down the triangle. After the break down retest is also done.
Also, it traded below all important MA's (21,50,10 & 200) so it looks so bearish. And as you know when USDT.D is dumping, BTC and Alts start pumping.
I'm expecting a good pump in the market in the next few days.
What do you think about this?
Do you think the market can pump upside from here?
Share your views in the comment section.
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Thank You!
Ascending Broadening Wedge on BTC chartWe have this Ascending Broadening Wedge on the 4 hourly time frame. As we see on the social media everybody is bullish again and that's the point where i am looking in the other direction. I exited my long position from 37.7k because of the bearish divergence on the 4 hourly and entered short postion at 42.2k.
Ascending Broadening Wedge is a bearish pattern and we already have a break out and retest of the support line now turned into resistance.
What do you think about this Ascending Broadening Wedge?
Feel free to leave a comment.
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BTC TO THE MOON!!!