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Imbalance

BITCOIN IMBALANCE : March 2023 Fractal Today, we're delving into one of the essential aspects of trading - imbalances. This concept can be your trusted ally in navigating the dynamic world of cryptocurrencies. As an example, let's consider a situation from March 2023 when we experienced a drop due to an imbalance, followed by a retest and a continuation of the upward trend. 💡 What Are Imbalances? Imbalances occur when there's a significant disparity between supply and demand in the market. This can lead to rapid price movements as the market seeks equilibrium. 📉 The March 2023 Scenario: In March 2023, Bitcoin saw a significant drop, which many attributed to a market imbalance. However, what followed was a crucial moment. Instead of a continued decline, there was a retest of lower levels. 🔍 The Importance of Retests: Retests are pivotal events. When an asset retests a previous low or support level and manages to hold or bounce back, it often signals a shift in market sentiment. In this case, it marked a potential end to the imbalance-induced decline. 🚀 The Resumption of Uptrend: After the retest in March 2023, Bitcoin started to climb again. This example illustrates how imbalances can be opportunities for traders, especially when combined with a thorough understanding of market psychology. 🔮 The Future Awaits: Imbalances are just one aspect of the intricate cryptocurrency market. While they can provide valuable insights, always conduct proper research, and consider other factors before making trading decisions. In conclusion, understanding imbalances can be your compass in the crypto world. By recognizing their presence and closely watching retests, you may identify potential turning points in the market, just as we saw in March 2023. Stay vigilant, stay informed, and remember - in trading, imbalances can be the precursor to significant opportunities! 🌐💰
INDEX:BTCUSD
by AlexWhale
XAU USD - showing it's teethG'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual. Below are some of the take aways from the video - please listen again incase any detail is missed. Daily Weekly Monthly Do you enjoy the setups? Professional analyst with 7+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXIII
FOREXCOM:XAUUSD
by LupaCapital
20
GOLD /XAUUSD SHORT 🔰 Pair Name : XAU/USD 🔰 Time Frame : 1H/4H 🔰 Scale Type : SMALL Scale 🔰 Direction : SELL 📈 Gold Analysis for Today's Trading Session 📉 Hello Traders! 🌟 Yesterday's US JOLTS Job Openings data release had a notable impact on gold prices. 📊 The precious metal managed to cross the crucial Fibonacci Level of 50% despite facing some negative pressure. ⚖️ Today, our focus is on the potential price movements in the gold market. 🕵️‍♂️ It's quite likely that we might witness a corrective move downwards, aimed at tapping into the liquidity below. This move could potentially be a strategic attempt to refill approximately 50% of the market imbalance. ⚙️ However, keep a close watch on the upcoming ADP employment data release scheduled for later today. 📆 This data could play a pivotal role in influencing gold's trajectory. Depending on the ADP data's impact, we might observe gold extending its downward movement. 📉 It could either retest the Fibonacci Level of 38.2% for a strong support test, or in a more bearish scenario, head straight towards the prominent Fibonacci Level of 61.8%. 📉📊 As always, it's essential to trade cautiously and manage your risk effectively. 🛡️ Market movements can be unpredictable, and staying informed about fundamental data releases is crucial for making informed trading decisions. 📈📊 Best of luck on your trades! 🍀📊📈 (Note: This analysis is for informational purposes only and should not be considered financial advice.) 💼🔍📊
OANDA:XAUUSD
by Moon_SmartMoney
GBP JPY - Supply tap or further move in the imbalance?G'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual. Below are some of the take aways from the video - please listen again incase any detail is missed. Daily Weekly Monthly The monthly controls the way the market moves - so the monthly is showing a strong supply zone. The imbalance has been tapped - however the monthly close has not indicated yet whether price will fall back to the PCP (weekly pivot) or a long term sell opportunity is present. Do you enjoy the setups? Professional analyst with 7+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXIII
by LupaCapital
GOLD/XAUUSD SHORT/SELL🔰 Pair Name : XAU/USD 🔰 Time Frame : 1H/4H 🔰 Scale Type : SMALL Scale 🔰 Direction : SELL From a technical standpoint 📊, Gold has exhibited a sideward movement over the past two days. The recent price breakout to the upside appears to be a move aimed at filling the imbalance area left by last week's substantial sell-off. Our prevailing stance remains skewed towards a bearish outlook for Gold 📉. The key consideration lies in how extensively Gold retraces upward. However, we maintain reservations about Gold's potential to surpass the range of 1913-1933, delineated by the Fibonacci levels of 78.6% to 61.8%, which coincidentally aligns with the upper boundary of the weekly descending channel. Shifting to the fundamental perspective 📰, an important juncture is approaching at 2:45 pm, marked by the release of the Flash Manufacturing PMI and Flash Services PMI news. Anticipating these events, we envision Gold ascending to approximately 1913.5, facilitating the replenishment of the aforementioned imbalance area, prior to the news release. Subsequently, a downturn is expected, propelling the price to revisit the daily support level 📉. This retesting phase would precede any substantial further upward or downward movement. Remember, trading involves inherent uncertainties, and both technical and fundamental aspects must be diligently evaluated. Keep an eye on these developments as they unfold, as they will potentially guide our trading strategy 🕵️‍♂️📈.
TVC:GOLDShort
by Moon_SmartMoney
CADCHF LONG/ BUY🔰 Pair Name : CAD/CHF 🔰 Time Frame : 4H/ DAILY 🔰 Scale Type : MID Scale 🔰 Direction : Long/ Buy 📈 Comprehensive Fundamental and Technical Analysis Update 📊📉 Over an extended time frame, the prevailing price action underscores a consistent consolidation pattern, confined within the well-defined range of 0.6480 to 0.6610. Our perspective remains firmly inclined toward a bullish trajectory, in alignment with the unwavering determination of the Federal Reserve to execute a series of deliberate interest rate hikes. This strategic approach seeks to effectively counteract impending inflationary pressures, with heightened emphasis on the latter half of 2023. Anticipating a notably robust performance from the Canadian Dollar (CAD), contrasted by the comparatively subdued Swiss Franc (CHF), it is imperative to maintain vigilant awareness of potential interventions that the Swiss National Bank (SNB) might introduce, potentially influencing the dynamic behavior of CHF. 🛢️ Noteworthy is the imminent conclusion of the oil price retest phase, positioning it for a forthcoming upward trajectory. This element introduces an additional layer of complexity to our analysis. However, it remains pivotal to acknowledge the lingering potential for SNB intervention, which retains its significance in shaping the CHF landscape. 🔍 Elaborating on our recent correspondence pertaining to the CAD/CHF pair, a discernible disparity has emerged, prominently depicted on the daily chart. This incongruity serves as a fundamental facet within the operational framework of a robust market, as historical precedent underscores the tendency for such divergences to eventually reconcile, consequently fostering the accumulation of liquidity within the market environment. Prudent and judicious decision-making should be exercised in your trading pursuits! 📈📉👍
Long
by Moon_SmartMoney
USOIL/XTIUSD SHORT/SELL🔰 Pair Name : XTIUSD 🔰 Time Frame : 4hrs/ Daily 🔰 Scale Type : Long Scale 🔰 Direction : Short/ Sell 📈🛢️ Comprehensive USOIL Analysis Update: 📊📉 📉 Downtrend Break and Retest: USOIL has successfully breached its weekly downtrend line, signaling a notable shift in momentum. As we undergo the retest phase, remember that the market remains within a promising new uptrend, particularly from a fundamental perspective. 📈🛢️🔄 💡 Fundamental Considerations: Last week's release of Chinese inflation data casts a shadow on the pace of China's post-pandemic recovery. The Consumer Price Index (CPI) YoY saw a decline of 0.3% in July, indicating deflation within China. Given that China is a pivotal oil consumer globally, this scenario applies downward pressure on WTI prices. 📉🇨🇳 ⛓ Supply Dynamics: Counterbalancing this, we observe supply constraints that could further elevate WTI prices. Saudi Arabia's decision to extend its voluntary oil output cut of one million barrels per day (bpd) through September, coupled with Russia's planned reduction of oil exports by 300,000 bpd for September, contributes to the supply-side equation. ⛽📉 🌐 OPEC and EIA Insights: Both the Organisation of Petroleum Exporting Countries (OPEC) and the Energy Information Administration (EIA) are optimistic about the global energy market in H2 2023. This sentiment is rooted in several drivers, including heightened summer air travel, increased oil demand for power generation, and rising petrochemical activity in China. The IEA anticipates a robust 2.2 million bpd demand growth in 2023, while OPEC forecasts a significant 2.44 million bpd production increase. 📊🌍 📊 Economic Growth and Revised Projections: A positive undercurrent also emerges in the global economic landscape, with OPEC revising its global economic growth forecast to 2.7% (from 2.6%). This adjustment is driven by impressive growth in the United States, Brazil, and Russia during the first half of 2023, exceeding initial estimates. OPEC's outlook for the following year stands at 2.6%. 📈💼📉 As you navigate these dynamic market dynamics, remember to implement robust risk management strategies and align your decisions with a well-structured trading plan. The interplay of factors makes for an intriguing landscape, and informed execution remains paramount.
TVC:USOILShort
by Moon_SmartMoney
3
ETHUSDT more dump or huge pump?Hi dear community members, my lovely and loyal followers, I hope you are fine and making good trades. I haven't published analyses for 2 months coz I expected both #ETH to dump 1650-1700$ as I mentioned in my tweets/ which you can check on my previous publications. BTW I warned about this dump back on June 24th when BTC price was 31500 and ETHER was 1940$ almost at the top/ but I didn't expect that ETH will go below 1650$ and hit my worst case scenario zone which I mentioned with RED-GREEN box. I'm looking at daily timeframe and as you see ETH cleared/swept all SSL and felt all imbalances below 1810$, even it took out previous major swing low/EQL/ below 1625$ and hit daily bullish OB/FVG/BPR. If we measure the recent move from 2031 to 1492 it is 100% projection of previous move from 2146 to 1625$. I'm sure ETH bottomed on August 18th at 1492$ and after some types of consolidation between 1500-1800$, which will last about 2-4 weeks, ETH will start its major impulse move towards 2500$ even higher. I marked upcoming move with pink line. I also mentioned the most critical level on the chart /white line-1367$/, which has to be respected by bulls in the worst case to provide upcoming bullish movement otherwise game is over for bulls. Also as soon as ETH reclaims 1878$ level, game is over for bears and it will pump towards 2500$ even higher. You can check my previous publication for BTC analaysis and upcoming movement If you like my ideas, don't forget to like, comment, share, retweet and follow please. I will appreciate a lot.
Long
by ergal91
Will BTC continue its dump or it'll surprise everyoneHi dear community members, my lovely and loyal followers, I hope you are fine and make good trades. I haven't published analyses for 2 months coz I expected #BTC to dump towards 26.5-27K as I mentioned in my tweets/ which you can check on my previous publications. BTW I warned about this dump back on June 24th when BTC price was 31500/ almost at the top/ but I didn't expect that BTC will go below 26K in any case we haven't seen daily candle close below it)). Now I'm looking at daily timeframe and as you see BTC cleared/swept all SSL and felt all imbalances below 28.5K, even it took out previous major swing low/EQL/ below 24.7K and hit daily bullish OB. If we measure the recent move from 31,850 to 24.7K it is below 100% projection of previous move from 31059 to 24.7K. I'm sure BTC bottomed on August 18th at 24.5K and after some types of consolidation between 25-28K, which will last about 2-4 weeks, BTC will start its major impulse move towards 37-38K even higher. I marked upcoming move with pink line. I also mentioned the most critical level on the chart /RED zone/, which has to be respected by bulls in the worst case to provide upcoming bullish movement otherwise game is over for bulls.
Long
by ergal91
#BTC 🟢 M15 LONG (Bitcoin). Long awaited failure 📣For more than one week, Sellers have been gaining selling positions... Although they haven't reached the main selling zone 32k. But there was an impressive sale .. and at the same time, grandiose discounts for 26.2K, who didn’t have time - he didn’t have time) On the retest of the M15 imbalance near our D1 Buy Zone, we expect a hike up and a breakout of the long-awaited level of 31K. Entry price below market opening price.(✔️) M15 imbalance at the potential of the D1 range.(✔️) Below the First Buyer of Exchange Options.(✔️) According to CFTC futures reports, SHORTS prevail so far. 12851/14261 .(⚠️) input: 26560 (on test/retest) sl: 26223 tp1: 26898 tp2: 27566
BITSTAMP:BTCUSDLong
by TrEKone
GBP AUD - the road to 2.0+ Updates: G'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual. Below are some of the take aways from the video - please listen again incase any detail is missed. Daily chart Weekly Chart Monthly Do you enjoy the setups? Professional analyst with 7+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXIII
by LupaCapital
2
Unlocking the Secrets of Price Inefficiency: Dive Deep into FVG👑Price inefficiencies are also known as imbalances, gaps or voids. Healthy price action moves in a zigzag fashion, making highs and lows in line with the directional bias at any given moment. When price isn’t trending we find it consolidates, in which case highs lows are still being made. However, we may also see price move in straight lines with huge volume and momentum. When this happens, price finds itself unable to deliver price in an efficient manner. For example, in a bullish environment, price may continue to make higher highs without providing higher lows at a discount price. When price moves with this much momentum, it leaves behind imbalances. 🟠An imbalance can be identified by open space in price action, where the wicks on either side of a candle do not match each other. On the left is an example of price inefficiency, since the wick high of candle 1 does not meet the wick low of candle 3, leading to an imbalance on candle 2. 🟠This is an example of healthy price action with no imbalances. This is because all candles have wicks on either side of them. Since wicks were bodies during live price action and are bodies on lower time frames, this shows that price was delivered efficiently to buyers and sellers in this area. Whereas the example above shows an imbalance on a bullish candle, which shows that price was only available to buyers in that imbalance and therefore is not efficient. 👉For price to be efficient, it needs to be delivered to buyers and sellers. This helps us understand that in our original bullish imbalance, price has to come back and fill that imbalance using bearish price action in order to make that price available to sellers. This re-balancing could take hours, days, weeks or years, but it is our job to understand that it must happen at some point. Inline with the rest of the strategy, we can use this knowledge to pick out the specific imbalances that will be filled and how we can capitalise on this. 🟠This is an example of the correctly identified imbalance and where we expect price to react from 🟠This is an example when is our level being met, it is at this point that we use the rest of the strategy and knowledge to capitalise on the move that is about to unfold with high risk:reward entries. 🟠This is the completion of this particular market cycle, with our level being respected and price giving us a nice bullish leg. 🔴Bearish Order Flow: 🟢Bullish Order Flow:
CAPITALCOM:US500Education
by algoat
EURUSD LONG/ BUY🔰 Pair Name : EUR/USD 🔰 Time Frame : 1H/4H 🔰 Scale Type : MID Scale 🔰 Direction : LONG/BUY 📈💼 FUNDAMENTAL POINT OF VIEW: 📉💵 A mixed bag of US jobs data released on Friday 📊🇺🇸 points to limited upside in the US dollar ahead of key US inflation data due on Wednesday. 😐💹 The greenback fell sharply, almost erasing all of the week's gains after a not-so-bearish jobs report. Non-farm payrolls increased less than expected 👎📉, but the unemployment rate fell, and average hourly earnings came in higher than expected 👍📈. The demand for jobs is slowing, but the labor market remains tight for now. ⏳🛠️ The market's response to this mixed data has been similar to recent trends. Below-expected data has had an outsized impact on USD 📉📉, while upbeat data has failed to leave a lasting impression. 🤔💡 Despite the US Economic Surprise Index being at its highest since early 2021, the DXY Index (US dollar index) is around its year-to-date lows. 📊💱 EUR/USD is still within the uptrend change, and the broader bias remains upward due to higher-highs-higher-lows pattern since late 2022. 📈🔄 Lately, the pair has been hovering in an upward-sloping channel since March. However, the consolidation could extend a bit further in the near term. ⏳🔄 📊💹 Technical point of view: 📉💹 EURUSD PRICE HAS REACHED FIB LEVEL 50% 📈📊. We expect the price to retest fib level 23.6% and the consolidation range box below, and then head up again to refill the market imbalance and collect the buying liquidity above. 📈📊💹
Long
by Moon_SmartMoney
GBPJPY SHORT/SELL🔰 Pair Name : EUR/JPY 🔰 Time Frame : 4H/ DAILY 🔰 Scale Type : LONG Scale 🔰 Direction : SHORT/SELL The GBP/JPY pair's sensitivity to shifts in global risk sentiment makes it a valuable tool for assessing broader market outlooks. 🌐 Its responsiveness aligns it with changes in global risk appetite, creating a strong correlation. In this context, the pair finds support at the ¥180 level and the 50-Day Exponential Moving Average, a widely recognized technical indicator. 📊 These levels are key reference points for traders. The dynamic of the GBP/JPY is influenced by the divergent monetary policies of the Bank of Japan and the Bank of England. 🏦🏴󠁧󠁢󠁥󠁮󠁧󠁿🇯🇵 This policy disparity sets the stage for potential catalysts that could drive the pair's movement. Given this policy contrast, an uptrend in the GBP/JPY is a possibility worth considering. However, seasoned traders emphasize patience and prudent market entry. 🚀 The potential for a climb to ¥184 and beyond, possibly reaching ¥185, is on the horizon. Navigating the inherent volatility of the GBP/JPY requires acknowledging the risk. A sustained drop below ¥175 is crucial to challenge the prevailing trend. ⚖️ The recent pullback in the pair offers a strategic opportunity for knowledgeable traders to accumulate "undervalued" British pounds against the Japanese yen. 📉⚖️ Yet, risk management and thorough analysis are paramount when dealing with the pair's inherent unpredictability. Recent trading dynamics provide valuable insights into the GBP/JPY's behavior and potential trajectory. Its risk-sensitive nature, reliance on technical indicators, and the interplay of divergent monetary policies contribute to its intricate movement. As the market evolves, traders should exercise patience and prudence while capitalizing on the opportunities and challenges presented by this currency pair. 📈📊📉 #GBPJPYAnalysis #MarketInsights
Short
by Moon_SmartMoney
GOLD/ XAUUSD LONG/ BUY🔰 Pair Name: GOLD/XAUUSD 🔰 Time Frame: 1H/4H 🔰 Scale Type: SMALL Scale 🔰 Direction: LONG/BUY 📈 Analysis Update - Gold Forecast 📉 🔍 Current Status: Gold has successfully reached the critical daily Fibonacci level of 61.8%. From a technical perspective, we are anticipating an imminent retest scenario. 🔮 Projection: The forecast suggests that a retracement is in the cards, with a potential target zone spanning between 1944 and 1951. This retracement is primarily driven by the need to absorb the liquidity that was generated in the market yesterday, thereby realigning the market balance. 📊 Strategy: Traders are advised to closely monitor the price action within the projected range and assess the strength of the retracement. This period could offer an opportunity to capitalize on short-term moves. As always, remember to manage risk effectively and stay attuned to the evolving market dynamics. Happy trading! 📈📊📉
TVC:GOLDLong
by Moon_SmartMoney
GOLD/XAUUSD LONG/ BUY🔰 Pair Name: GOLD/XAUUSD 🔰 Time Frame: 1H/4H 🔰 Scale Type: SMALL Scale 🔰 Direction: LONG/BUY 📈 Fundamental Point of View 📉 Gold price experienced a strong rebound after the US NFP report fell short of expectations last Friday. In July, fresh payrolls were 187K lower than the consensus of 200K, although they were marginally higher than June's print of 185K. The market sentiment turned positive despite Fitch's downgrade of the US government long-term debt rating. 📊 Technical Point of View 📉 From a technical standpoint, Gold showed a significant bounce and closed the daily candle above the key daily support level at $1932 last Friday, driven by the unexpected and shocking low NFP data release. The price has also touched the Fibonacci retracement level of 38.2%, which indicates a potential bullish momentum. We anticipate the gold price to make a solid cross above this level on the 1-hour candle chart and then retest the 23.6% Fibonacci level before aiming for the next resistance at the Fib level of 50% at a price of $1951.88 at the beginning of this week. 🚀📈 🔍 Disclaimer: Trading involves risk. This analysis is for informational purposes only and should not be considered as financial advice. Always do your research and consult a professional before making trading decisions. 🔍
TVC:GOLDLong
by Moon_SmartMoney
SPX 500 - where are we now?G'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Three, Four Day Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual. Below are some of the take aways from the video - please listen again incase any detail is missed. Daily Chart Weekly Monthly Do you enjoy the setups? Professional analyst with 6+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXIII
OANDA:SPX500USD
by LupaCapital
AUD NZD - weekly shows a fresh demand to work fromG'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Three, Four Day Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual. Below are some of the take aways from the video - please listen again incase any detail is missed. Daily chart weekly Monthly Do you enjoy the setups? Professional analyst with 6+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXIII
by LupaCapital
1
AUDUSD LONG/ BUY🔰 Pair Name : AUD/USD 🔰 Time Frame : 4hrs 🔰 Scale Type : MID Scale 🔰 Direction : SHORT/ SELL The AUD/USD pair encountered strong resistance near 0.6750 during a hesitant pullback in the late European session,we are expecting the price to go possible higher high at the liquidity key high area 0.67788 area before further sell. As investors approach the Federal Reserve's (Fed) upcoming interest rate policy announcement on July 26, caution prevails, leading to fading recovery momentum in the Aussie asset. Meanwhile, the US Dollar Index (DXY) is gaining strength, aiming to reclaim its intraday high of 101.41, as investors anticipate a possible interest rate hike by the Fed after skipping it in June. Ahead of the inflation data for the second quarter, the Australian Dollar is expected to exhibit strong movements. The consensus predicts a 1.0% increase in inflation on a quarterly basis, compared to the previous 1.4%. Additionally, the Annual Consumer Price Index (CPI) is projected to decline to 6.2% from the previous release of 7.0%. Technical analysis reveals that AUDUSD faces selling pressure in its attempt to breach the horizontal resistance drawn from June 16 high around 0.6900. The presence of a Double Top chart pattern indicates a potential bearish reversal. The 20-period Exponential Moving Average (EMA) at 0.6758 acts as a barrier for the bullish momentum in the Aussie asset. Looking ahead, a downward move below the immediate support at 0.6700 could expose the asset to further declines towards the July 11 low at 0.6650, followed by the round-level support at 0.6600 as our target area. On the other hand, a recovery beyond the July 20 high at 0.6847 would propel the asset towards the June 16 high of approximately 0.6900. A break above the latter level could lead to further gains, targeting the February 16 high at 0.6936. As a professional trader, it's essential to closely monitor these technical and fundamental factors to make informed trading decisions and navigate potential opportunities and risks in the AUDUSD pair. 📈💼💡
Short
by Moon_SmartMoney
CADCHF LONG/BUY🔰 Pair Name : CAD/CHF 🔰 Time Frame : 4H/ DAILY 🔰 Scale Type : MID Scale 🔰 Direction : SHORT/SELL 📈From a fundamental perspective, the CAD (Canadian Dollar) and USD (United States Dollar) share a strong correlation due to their economic ties. The majority of Canada's trade is with the US, making it susceptible to economic events and policies in the US, which significantly impact the Canadian economy and the CAD's value. 💼💱 📊 Currently, DXY (US Dollar Index) is experiencing a correction after reaching a critical low on the Daily chart. On the other hand, CADCHF (Canadian Dollar against Swiss Franc) has reached the daily demand zone at the 0.64730 area. Yesterday, a bullish pin bar formed, followed by a green bull candle today, indicating potential upward movement. 📉📈 📉📉 RSI (Relative Strength Index) for CADCHF shows it is oversold, and the month-long price drop has created a significant market imbalance below. We expect CADCHF to move up to collect the market imbalance, targeting at least the Fibonacci level 38.2 around the 0.66145 area. After reaching the daily support at that zone, there may be a retest of the Fibonacci level 23.6% before continuing to rise towards the Fibonacci level 78.6% at the 0.67567 area. 🎯📉📈 💡 Traders should closely monitor these technical indicators and price movements to make informed decisions in their trading activities. Remember to apply risk management strategies and exercise caution when trading the financial markets. ⚠️👀📉📈
Long
by Moon_SmartMoney
4
NZDCHF LONG/ BUY🔰 Pair Name : NZD/CHF 🔰 Time Frame : 4H/ DAILY 🔰 Scale Type : MID Scale 🔰 Direction : LONG/BUY NZD/CHF Forecast: Bullish Momentum Expected as Price Reaches Key Support Zone Hey traders! 📈🚀 NZD/CHF has reached a critical juncture on the charts, arriving at a significant Monthly demand zone around the 0.53 area. This zone not only marks the historical low for the pair but also aligns with the bottom of a well-defined downtrend channel. 📊 Given this confluence of support levels, we are keeping a close eye on the price action, as a potential bullish reversal is in the works. 🧐💹 Our analysis suggests that the price could experience a noteworthy upward movement from this strong support area, with an initial target at the 0.55 area. This level coincides with a key daily supply zone and represents an excellent opportunity for the market to collect liquidity and balance out the demand-supply dynamics. 🎯📉 Traders should remain vigilant and look for bullish confirmation signals in the form of candlestick patterns or trendline breakouts before entering any positions. Remember, successful trading requires proper risk management and adherence to your trading strategy. 🛡️📈 Stay tuned for updates throughout the week as we monitor the price action closely. Let's capitalize on potential market opportunities and make some profitable trades together! Happy trading! 🤝😄
Long
by Moon_SmartMoney