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XAU slightly increased after a sharp decline in the previous sesWorld gold regains momentum World gold prices recorded a slight increase of 2,636 USD/ounce, showing a recovery compared to the previous session. In the previous trading session, the price had fallen to 2,629.5 USD/ounce due to pressure from the signal of a moderate pace in the Fed's next interest rate easing cycle. Fed Chairman Jerome Powell spoke at the annual meeting of the National Association for Business Economics (NABE), emphasizing that the economy is in a solid state and the Fed will continue to carefully evaluate input data when considering the next policy adjustment.
OANDA:XAUUSD
by TrategySherpa
XAU drops to record low after Fed newsThe global XAU price has retreated from a recent record high on September 30, but is still set for its biggest quarterly gain in more than eight years on geopolitical tensions and a rate cut by the US Federal Reserve. Investors are looking ahead to this week’s US jobs report and non-farm payrolls data due later this week. Bullion’s gains on Monday were limited by some profit-taking and a boost in risk sentiment after Chinese stocks were poised for their best day in 16 years, analysts said.
OANDA:XAUUSD
by NicoTradingMaster
DreamAnalysis | EURUSD Approaching Key Levels – Big Moves Ahead!✨ Today’s Focus: A Critical Asset in the Market – EUR/USD We'll break down its recent price movements and provide insights on what to expect next, based on key market levels. 📊 Current Market Overview: EUR/USD is showing notable upward momentum, with price targeting buy-side liquidity. Recent sweeps include the Previous Month High (PMH), and price is now nearing the Previous Week High (PWH). A potential sweep of this level is expected, but overall, the outlook remains bearish, suggesting a move lower to target sell-side liquidity. 🕓 Key Levels to Watch: Here are the essential zones we’re tracking: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - SSL: Sell-Side Liquidity - 4H FVG: 4-Hour Fair Value Gap (a potential retracement zone) - Daily FVG: Daily Fair Value Gap (imbalance zone) These levels mark critical areas where price may accumulate liquidity or rebalance. Fair Value Gaps (FVGs) highlight zones where the market may retrace to collect orders before continuing its trend. 📈 Bullish Scenario: Although we don't see immediate triggers on higher time frames (HTF), lower time frames (LTF) present potential opportunities. A better entry may emerge after a sweep of higher time frame sell-side liquidity (SSL), leading to a long setup targeting the Previous Week High (PWH). 📉 Bearish Scenario: On lower time frames (LTF), a valid entry model could play out to target sell-side liquidity. Key levels to watch include Relative Equal Lows, the Previous Week Low (PWL), and potentially a tap into the Daily Imbalance for further downside. 📝 Conclusion: As always, remain adaptable to changing market conditions. Monitoring these key levels and scenarios will sharpen your strategy and help identify opportunities. 🔮 Looking Ahead: Stay tuned for updates as we continue to monitor NASDAQ, DXY, EUR/USD, and other major currency pairs. Expect timely insights as market trends unfold. ⚠️ Disclaimer: This information is for educational purposes only and does not constitute financial advice. Always do your own research and consult a licensed financial advisor before making any investment decisions.
Short
by DreamAnalysis
Gold is being supported to increase in price from many sides.Notably, the US manufacturing purchasing managers index (PMI) for September fell short of forecasts and the previous month. The personal consumption expenditures (PCE) price index for August fell sharply from 2.5% in July to 2.2% year-over-year. The PCE price index for August also fell from 0.2% to 0.1%. Personal spending fell sharply from 0.5% in July to 0.2%. Personal income also fell from a 0.3% increase in July to 0.2% in August, below the forecast of 0.4%. The PCE index is a measure of inflation based on changes in personal consumption and is used by the Fed as its preferred indicator of inflation. Personal spending can reflect consumer optimism.
TVC:GOLD
by NicoTradingMaster
#XAUUSD 1HXAUUSD 1-Hour Chart Analysis Pattern Identified: Bearish Market Bias with Focus on Selling at Pullbacks Forecast: Sell Outlook for Next Week: Good Luck On the 1-hour chart of XAUUSD (Gold/US Dollar), the market is exhibiting a bearish bias, with sellers maintaining control over price direction. Given this downward pressure, the strategy revolves around selling at pullbacks. Pullbacks represent short-term upward retracements that offer opportunities to enter short positions before the price resumes its decline in line with the prevailing bearish trend. Key resistance levels, previous support zones that have turned into resistance, or Fibonacci retracement levels will serve as optimal points to watch for potential pullback reversals. These pullbacks provide traders with better entry prices for their short positions, maximizing the potential for profit while minimizing risk. Actionable Insight: Traders should patiently wait for price pullbacks towards resistance areas or key retracement levels. Once price action shows signs of weakening bullish momentum, these points can serve as entry zones for selling. Stop-loss orders should be placed above resistance levels or the highs of the retracement to protect against potential reversals. Look for confirmation patterns such as bearish candlesticks or momentum indicators to validate entry decisions. Good Luck for the Next Week: Stick to the plan, and may your trades align with the bearish trend for a profitable outcome!
OANDA:XAUUSDShort
by PIPSFIGHTER
#USDCHF 1HUSDCHF 1-Hour Chart Analysis Pattern Identified: Bearish Market Bias with Focus on Selling at Pullbacks Forecast: Sell Outlook for Next Week:Good Luck On the 1-hour chart of USDCHF (US Dollar/Swiss Franc), the market bias remains bearish, indicating downward pressure on the pair. In this context, the focus will be on identifying short opportunities during pullbacks. Pullbacks are temporary moves against the prevailing downtrend, offering traders favorable entry points to initiate sell positions before the trend resumes. Identifying key resistance levels during these pullbacks, such as previous support turned resistance or Fibonacci retracement levels, will provide strategic points for short entries. These pullbacks often present opportunities to sell at better prices within the overall bearish momentum. Actionable Insight: Traders should wait for price pullbacks to resistance zones and look for signs of weakening bullish momentum to enter sell positions. It's important to manage risk by placing stop-loss orders above resistance or retracement highs to safeguard against potential reversals. Watch for confirmation signals like candlestick patterns or technical indicators to solidify the bearish continuation before committing to a trade. Good Luck for the Next Week: Stay sharp, and may your trades follow the trend profitably!
Short
by PIPSFIGHTER
4
#GBPJPY 1HGBPJPY 1-Hour Chart Analysis Pattern Identified: Bearish Market Bias with Focus on Selling at Pullbacks Forecast: Sell Outlook for Next Week: Good Luck On the 1-hour chart of GBPJPY (British Pound/Japanese Yen), the market is showing a clear bearish bias, with sellers in control of the overall price direction. In this environment, the primary strategy will be to focus on selling opportunities during pullbacks. These pullbacks are temporary upward movements that retrace part of the decline before the bearish trend continues. By identifying key resistance levels and zones where price retraces, traders can prepare to enter short positions when the upward retracement weakens and the price resumes its downward move. This approach aims to capitalize on the prevailing downward momentum while avoiding entering trades at potential lows. Actionable Insight: Traders should be patient and vigilant for signs of pullbacks towards resistance levels or Fibonacci retracement zones. Once price hits these areas and shows signs of resuming its bearish trend, it can provide an optimal entry point for a sell trade. Using tight stop-loss orders above resistance areas or retracement highs can help manage risk effectively. Good Luck for the Next Week: Stay disciplined, and may your trading week be successful!
Short
by PIPSFIGHTER
#NAS100USD 1HNAS100USD 1-Hour Chart Analysis Pattern Identified: Bearish Market Bias with Sell Focus on Pullbacks Forecast: Sell Outlook for Next Week: Good Luck On the 1-hour chart of NAS100USD (NASDAQ 100 Index), the market bias is strongly bearish, indicating a downward trend in price action. Given this bearish environment, the strategy focuses on looking for opportunities to sell during pullbacks. Pullbacks are temporary reversals in the opposite direction of the prevailing trend, offering entry points for short positions before the market resumes its downward movement. By identifying areas of resistance and key levels during these pullbacks, traders can time their entries more effectively, taking advantage of price retracements before the bearish momentum reasserts itself. Actionable Insight: Traders should be patient and wait for pullbacks or retracements towards resistance levels or prior support-turned-resistance zones to initiate sell positions. It’s crucial to monitor these levels closely, as a failure to respect them could signal a potential shift in trend. Proper risk management, such as stop-loss placement above resistance areas, is essential to mitigate losses in case of unexpected market movements. Good Luck for the Next Week: Stay focused, and may your trades be profitable!
OANDA:NAS100USDShort
by PIPSFIGHTER
#XAGUSD 1DAYXAGUSD 1-Day Chart Analysis Pattern Identified: Resistance Level and Bearish Engulfing (Sell Engulfing) Forecast:Sell On the 1-day chart of XAGUSD (Silver/US Dollar), a resistance level has been identified, suggesting that the price has reached a key area where sellers tend to overwhelm buyers, causing the price to struggle moving higher. Alongside this, a bearish engulfing pattern has formed, signaling a potential reversal to the downside. A bearish engulfing pattern occurs when a larger red (bearish) candlestick completely engulfs the previous green (bullish) candlestick, indicating a shift in market sentiment from bullish to bearish. This combination of a resistance level and bearish engulfing pattern suggests strong selling pressure and implies that prices are likely to drop in the short to medium term. Actionable Insight: Traders may consider taking sell positions, particularly if the price fails to break above the resistance level. However, it is important to monitor for confirmation signals and manage risks appropriately, as market reversals can sometimes be temporary or false.
OANDA:XAGUSDShort
by PIPSFIGHTER
#EURCHF 1DAYEUR/CHF 1-Day Chart Forecast: The EUR/CHF currency pair is in a sustained **downtrend** on the 1-day chart, indicating strong bearish momentum. This suggests that selling pressure is likely to continue in the near term. Given the current market conditions, a sell opportunity is present as the pair trends downward, respecting the descending trendline. However, traders should remain cautious for a potential **trend reversal**. If the price **breaks above the trendline**, it could signal the end of the downtrend and open up a **buy opportunity. Key points to consider: Forecast Sell: The downtrend provides an opportunity to enter short positions, targeting further declines. A stop-loss should be placed above recent highs to protect against a trend reversal. Watch for Breakout: If the price breaks the trendline, it may invalidate the sell outlook and present a buying opportunity. Look for confirmation of the breakout before entering long positions to avoid false signals. In summary, the current market favors a **sell strategy** as long as the price remains below the trendline, but traders should be ready to shift their bias if a breakout occurs.
Short
by PIPSFIGHTER
DreamAnalysis | NASDAQ Breakdown Critical Price Zones in Play!✨ Today’s Focus: One of the Most Crucial Assets in the Market – NASDAQ We'll be breaking down its latest price movements and discussing what to expect next based on key market levels. 📊 Current Market Overview: At the moment, we’re seeing some notable upward movement, targeting the buy-side liquidity. Recently, key levels of liquidity have been swept, including the Previous Month High (PMH) and the Previous Week High (PWH). With this in mind, we're anticipating a possible retracement or even a reversal from these highs. 🕓 Key Levels to Watch: These are the essential zones we’re monitoring on the chart: - PMH : Previous Month High - PML : Previous Month Low - PWH : Previous Week High - PWL : Previous Week Low - BSL : Buy-Side Liquidity - 4H FVG : 4-Hour Fair Value Gap (a potential retracement and imbalance zone) These levels represent critical areas where the price may gather liquidity, potentially driving it toward the next major target. Fair Value Gaps (FVGs) signify imbalances that the market might revisit to "rebalance" and collect orders. 📊 1-Hour Time Frame Outlook: On the 1-hour chart, the price is respecting the 4-Hour FVG and has created some Low Resistance Buy-Side Liquidity (LBSL) just beside it. We could see a liquidity raid, where the price sweeps these BSL levels before heading lower. Keep in mind that this is a bearish scenario for NASDAQ, and it may not fully play out. 📈 Bullish Scenario: For a bullish setup, we need to see a sweep of a key Sell-Side Liquidity (SSL) level before looking for buying opportunities. For day trading, you can drop down to lower time frames (LTF) to mark Low Resistance Sell-Side Liquidity (LSSL) areas, providing a draw on liquidity that could lead to a move toward the buy-side. 📉 Bearish Scenario: On higher time frames, there isn’t much data supporting a bearish case right now. I recommend revisiting the 1-hour time frame analysis for a clearer picture of the current outlook. 📝 Conclusion: As always, it's essential to remain flexible and adapt to evolving market conditions. Understanding these key levels and potential scenarios will help refine your trading strategy and identify opportunities. 🔮 Looking Ahead: Stay tuned! We’ll continue to track NASDAQ along with the other major currency pairs. Expect timely updates and insights as market trends develop. ⚠️ Disclaimer: The information provided is for educational purposes only and is not financial advice. Always perform your own research and consult a licensed financial advisor before making investment decisions.
CAPITALCOM:US100Short
by DreamAnalysis
#GBPAUD 1HGBPAUD (British Pound / Australian Dollar) Timeframe: 1-Hour (1H) Pattern: Falling Wedge / Support A falling wedge pattern has been identified on the 1-hour chart of GBPAUD. This bullish reversal pattern is formed by two converging downward-sloping trendlines, where price action makes lower highs and lower lows. The decreasing volatility within the wedge signals that bearish momentum is weakening, setting up for a potential breakout to the upside. Additionally, the price is currently approaching a key support level, strengthening the probability of a bounce and upward reversal. Forecast: Buy Given the falling wedge pattern and the presence of support, a buying opportunity is forecasted. The pair is likely to break out of the wedge to the upside, and the support level provides a strong foundation for a bullish move. Technical Outlook: Support Level: The lower boundary of the falling wedge, acting as a critical level for potential bounce or reversal. Resistance Level: The upper boundary of the wedge, which may serve as a target for upward price movement. Key Levels to Watch: A breakout above the upper trendline of the wedge would confirm the bullish outlook, potentially leading to further gains. Traders should look for confirmation through bullish candlestick patterns or increased buying volume near the support level to validate the entry. Keep an eye on economic factors affecting both the British Pound and Australian Dollar, as shifts in monetary policy or commodity prices could impact price action in this pair.
Long
by PIPSFIGHTER
1
GBPUSD Sept 25 2024 BUY TRADE ACTIVATEDAs we gain momentum here in gbpusd, I'm only looking for buy trade even though its giving retracements. higher timeframe will always be my bias. If you check DAILY--->4H ---> 1H you can see HH,HL,HH,HL market structure. The only way for you to go with the move is to look for point of interests. this trade was activated using buy limit in mt4. I saw BOS in both 30min and 15min TF. After this, I look for my POI which is the IMB or OB. Set my pending buy limit order aiming for 5:1RR. Patience and clear mind will always be the key to this business. #smart #proptrader #algorithm
Long
by glyrad
1
#EURCAD 1HEURCAD (Euro / Canadian Dollar) Timeframe: 1-Hour (1H) Pattern: Expanding Pattern An expanding pattern, also known as a broadening formation, has been identified on the 1-hour chart of EURCAD. This pattern is characterized by higher highs and lower lows, indicating increased market volatility and indecision. The expanding pattern shows that both buyers and sellers are pushing the price in opposite directions, but with increasing momentum. Typically, an expanding pattern suggests that a breakout in either direction may occur, but the broader outlook is leaning towards an upward breakout in this case. Forecast: Buy The current forecast indicates a buying opportunity, as the price is expected to rise from the lower end of the expanding pattern towards the upper resistance level. This suggests potential gains as bullish momentum builds. Technical Outlook: Support Level: The lower boundary of the expanding pattern, where buyers are expected to enter the market. Resistance Level: The upper boundary, which could be a potential target for the price to reach. Key Levels to Watch: A breakout above the recent highs would confirm the bullish outlook, signaling further upward momentum. Look for confirmation through bullish candlestick patterns or volume increases near support to validate entry points. Stay alert to economic data and oil-related news that might influence the EURCAD pair, as CAD often reacts to oil price changes, while the Euro is sensitive to broader market sentiment.
Long
by PIPSFIGHTER
#CADJPY 1HCADJPY (Canadian Dollar / Japanese Yen) Timeframe: 1-Hour (1H) Pattern: Rising Wedge A rising wedge pattern has emerged on the 1-hour chart of CADJPY. This bearish formation typically signals a potential reversal or a slowdown in the prevailing uptrend. The wedge is formed by converging trendlines, with higher highs and higher lows, indicating a weakening upward momentum. The rising wedge pattern suggests that although the price is still moving higher, buyers are losing strength, and a breakout to the downside could be imminent. Forecast: Sell The current forecast favors a sell opportunity, as the rising wedge often leads to a bearish breakout. A breakdown below the lower trendline of the wedge would confirm the reversal and signal a potential decline in price. Technical Outlook: Resistance Level: The upper boundary of the wedge, where buyers may find it difficult to push the price higher. Support Level: The lower boundary of the wedge, which, once broken, could trigger further downward movement. Key Levels to Watch: A confirmed break below the wedge’s support level could accelerate selling pressure, leading to lower prices. Traders should wait for confirmation through signals such as bearish candlestick patterns or volume increases on downward moves before entering short positions. Keep an eye on market sentiment and relevant news, especially regarding oil prices (affecting CAD) or safe-haven demand for JPY, as these could influence price action in this pair.
Short
by PIPSFIGHTER
1
#GBPCAD 1DAYGBPCAD (British Pound / Canadian Dollar) Timeframe: Daily (1D) Pattern: Channel A descending price channel has been identified on the daily chart of the GBPCAD pair. This pattern is defined by two parallel trendlines—one acting as resistance (upper boundary) and the other as support (lower boundary)—with the price moving within these boundaries. The channel is sloping downward, indicating a bearish trend as the pair forms lower highs and lower lows. Forecast: Sell Based on the ongoing channel pattern, a selling opportunity is forecasted. The price is expected to continue moving lower within the confines of the channel, potentially offering an opportunity for traders to short the pair as it approaches the upper boundary. Technical Outlook: Resistance Zone: The upper boundary of the channel, where selling pressure may increase. Support Zone: The lower boundary of the channel, which could act as a target for the downside movement. Key Levels to Watch: A break below the lower boundary of the channel would signal further bearish momentum and could lead to a stronger sell-off. Traders may look for bearish signals, such as rejection from the upper trendline or volume spikes during price declines, to confirm entry points. External factors like commodity prices (oil, as CAD is commodity-sensitive) and economic data releases should be monitored, as they can impact the movement of this pair.
Short
by PIPSFIGHTER
SAU continues to rise after setting a recordWeaker US macroeconomic data has put significant downward pressure on the USD, pushing it closer to its lowest level this year while pushing gold prices to a new record high. The Consumer Confidence Index fell to 98.7 in September, down from 105.6 in August, while Current Conditions fell to 124.3 from 134.6. A Richmond Fed survey showed manufacturing activity remained weak, with the composite index falling to -21 in September from -19 in August. The CME Group’s FedWatch tool shows that markets are pricing in a more than 60% chance of the Fed cutting interest rates by another 50 bps at its November meeting.
OANDA:XAUUSD
by TrategySherpa
DreamAnalysis | DXY Insights with Major Price Zones AheadToday, we’re diving into the DXY (US Dollar Index), a key player in the forex market. We’ll break down its current price movements and explore what we can anticipate based on critical levels. 📊 Current Market Overview : At the moment, the price has swept through several key sell-side liquidity (SSL) levels, including the Previous Month Low (PML). We expected a retracement higher, but so far, price hasn’t made any significant moves. Now, price is hovering around an Equal Low (EQL), which also aligns with the Previous Week Low (PWL). With that said, the possibility remains that price could drive lower, clearing additional SSL levels. 🕓 Identifying Key Levels : Here are the critical levels we’re monitoring on the chart: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - EQL: Equal Low - BSL: Buy-Side Liquidity - 4H FVG: 4-Hour Fair Value Gap (potential retracement and imbalance zone) - Daily FVG: Daily Fair Value Gap These levels represent important zones where the price may gather liquidity, enabling it to move toward the next major target. The Fair Value Gaps (FVGs) are imbalances that price may revisit to "rebalance" and collect orders. 📈 Bullish Scenario : For a bullish outlook, we’ll need to see the price sweep the Previous Week Low (PWL) liquidity level, which is also an Equal Low (EQL). However, aggressive traders may look to lower time frames to find entries as price dips into low-resistance sell-side liquidity zones. 📉 Bearish Scenario : In a bearish scenario, we would need the price to sweep low-resistance buy-side liquidity (BSL) levels on lower time frames before targeting lower levels like the Previous Week Low (PWL). Currently, there isn’t strong confluence on higher time frames to aim for significantly lower prices. 📝 Conclusion : As we wrap up, it’s crucial to remain flexible and responsive to changing market conditions. Understanding key levels and potential scenarios allows us to refine our trading strategies and capitalize on opportunities. 🔮 Future Market Trends : Stay tuned! We’ll continue tracking the DXY, EUR/USD, and other major currency pairs, offering timely insights and updates as the market evolves. ⚠️ Disclaimer : The information provided here is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
TVC:DXYLong
by DreamAnalysis
extended its record rally, trading at 2,658.6we are seeing a price setup from XAU and the price is getting higher every day, every day there is a price record expect that if the trend of interest rate cuts and political tensions in the Middle East continue to escalate, there is a possibility that gold will rise to $3,000/ounce in the medium term Speculation surrounding the possibility of some new moves by Iran has boosted safe-haven demand for the precious metal, said Bob Haberkorn, senior market strategist at RJO Futures.
OANDA:XAUUSD
by NicoTradingMaster
1
#EURJPY 1 DAYEURJPY (Euro / Japanese Yen) Timeframe: Daily (1D) Pattern: Downtrend The daily chart of EURJPY reveals a pronounced downtrend, characterized by a series of lower highs and lower lows. This pattern indicates that sellers have maintained control over the market, leading to consistent price declines over time. The downtrend reflects a bearish sentiment among traders, as the currency pair struggles to regain upward momentum. Forecast: Sell Given the established downtrend, the forecast suggests a selling opportunity. The likelihood of continued bearish movement remains strong, as the pair has not shown any significant signs of reversal or stabilization at this point. Technical Outlook: Resistance Level: The recent lower high points, which may serve as potential entry points for sellers. Support Level: Key support zones below the current price, where a breakdown could trigger further selling pressure. Key Levels to Watch: A sustained move below recent support levels would reinforce the bearish outlook, potentially leading to further declines. Traders should be vigilant for confirmation signals, such as bearish candlestick formations or increased volume during price drops, to validate their entry strategies. Keep an eye on economic news and geopolitical factors that could influence the Euro and Japanese Yen, as these may impact price dynamics in this pair.
Short
by PIPSFIGHTER