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Nzdusd going up more than expected read the caption Nzdusd lower more than expected The RBNZ’s steep rate-tightening cycle, which has raised the benchmark rate to 5.4%, has significantly lowered inflation but there is more work to be done. Orr & Co. wouldn’t mind maintaining rates in restrictive territory in order to continue pushing inflation lower. We’ll get a look at New Zealand inflation expectations for the first quarter on Tuesday, which could move the New Zealand dollar. In the fourth quarter, inflation expectations eased to 2.75%, down from 2.82%, which was its lowest level in two years.
Long
by Mrsam36
2
EURAUD | Daily | OutlookLooking at EURAUD from a purely technical observation we can take note of the fact that the EURAUD has broken out of our long standing bullish monthly trend line which has started to point us towards a new bearish sentiment/bias in the long term, now looking further into it we can also notice that on top of breaking out of our monthly bullish trend we can notice that on our weekly chart we’ve also managed to identify the breakout of an ascending channel which was formed on the weekly chart further adding on to our newly founded bearish sentiment/bias. Now with all that said we look further down moving to our daily time frame we can see that at the beginning of the year EURAUD found some support at our 1.61213 level after the market broke out of our ascending channel in November last year and started trading upwards where we saw that bullish momentum take a pause when the market reached our 1.66xxx & 1.668xx respective area creating what looks like a consolidation between the 1.668xx and 1.635xx levels which is now our current trading range. With the above observation in mind we can see EURAUD bounce off near the top of our range at 1.66xxx where we can expect EURAUD to push downward a bit to bounce off the bottom of our current minor range before pushing up to our 1.712xx to 1.72xxx respective area where we’ll look towards the market creating a new resistance which will further confirm our overall bearish sentiment which we’ll be looking to take advantage of over the long term. Please note that the current analysis and observation is comprised solely of my own personal opinion, sentiment and bias of the market; so please be sure to confirm with your own analysis before taking any trading decisions based on the above information as I am not liable for any profit or loss you may incur while using the provided information.
by mosa_moshka
Usdcad PIPS gain target area read the caption On the flip side, momentum beyond the 1.3475 area (200-day SMA) is likely to confront resistance near the 1.3500 psychological mark ahead of the 1.3530- 1.3543 region, or the multiple-tops. A sustained strength beyond the latter will negate any near-term negative outlook and pave the way for some meaningful appreciating move. The USD/CAD pair might then accelerate the positive move towards the 1.3600 round figure and the 1.3611- 1.3625 supply zone
Long
by Mrsam36
eurusd strong sell zone read the caption Eurusd The low last week tested the December low of 1.0724 and buyers held their ground. Since then, price action has been a bit more muted though. The 100-day moving average (red line) has kept a lid on any upside move while the floor remains at the December low. It shows that traders are respecting the key technical channels in play - at least for now. Considering that we have the US CPI data tomorrow, the movement today is likely to be fairly muted as well. Barring any surprise headlines, traders will be waiting on the inflation numbers tomorrow before chasing any major move
Short
by Mrsam36
CAD/JPY Short and EUR/USD ShortCAD/JPY Short • If price impulses down below our area of interest on the one hour chart and a subsequent two touch fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
2
Xagusd sell zone read the caption Xagusd is downward biased but has bottomed out at around $22.15-$22.50, which has opened the door for an upward correction. If buyers could lift prices toward $23.00 per troy ounce, that could open the door to test the 100-day Moving Average (DMA) at $23.09, followed by the 50-DMA at $23.26. On the other hand, a ‘death cross’ formed three days ago on the path of least resistance, a bearish signal that could clear the path for further downside. The next support surfaces at the January 22 low of $21.92, followed by the October 23 pivot low at $20.68
OANDA:XAGUSDShort
by Mrsam36
Bottom is coming of eurusd read the caption The EUR/USD remains pinned on the south side of the 200-hour Simple Moving Average (SMA) just beneath 1.0800. Although the pair continues to recover into the upside from the early week’s bottom near 1.0725, topside momentum remains capped, with longer-term technical patterns remaining decidedly bearish. Despite posting three straight days of gains and on pace for a fourth, the EUR/USD remains on the bearish side of the 200-day SMA at 1.0834. The pair is still down over 3% from late December’s peak of b1.1141,
Short
by Mrsam36
SasanSeifi 💁‍♂ Two Possible Scenarios for the 4-Hour TimeframeIn the 4-hour timeframe, as you can see, after correcting from the 1.11 range, the price is in a range of 1.095. Based on the behavior of the candles, the possibility of correcting the price to the range of 1.084 / 1.080 can be considered. A scenario that we can consider in the 4-hour timeframe is that the price will be accompanied by a correction to the price range of 1.090 after ranging and confirmation. Then, if there is a pullback, it will again face more correction to the FAIR VALUE GAP and the order block range. Also, another scenario that can be considered is as follows: After ranging and partial positive fluctuations from the price ranges of 1.10 / 1.10400, after collecting liquidity and confirmation, we will see the price rejected and corrected. In case of positive fluctuations, to better understand the continuation of the movement trend, we must see how the price reacts to the resistance ranges. Potential trends and support and resistance ranges are also shown in the image above, respectively. 🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ 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!🙌✌
by SasanSeifi
Story of BTC push up read the caption Btcusd strong bullish It will be met with buying interest, potentially propelling the market towards the $52,000 level. However, surpassing this point may lead to a more sustained buy-and-hold approach. Nonetheless, overcoming the existing resistance levels poses a challenge, considering the market's prolonged period of overextension.recent introduction of the ETF has facilitated easier shorting of the Bitcoin market, the practical application of Bitcoin by institutions remains uncertain, contributing to ongoing speculative fervor. While concerns persist regarding the cryptocurrency's viability in the long term, current market dynamics indicate a willingness among investors to engage in speculative trading.
BITSTAMP:BTCUSDLong
by Mrsam36