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Intradaytrader

XAU/USD 27 Feb 2024 Intraday AnalysisH4 Analysis: Expectation remains the same as per analysis yesterday (26/02/2024) -> Swing: Bullish. -> Internal: Bearish. -> Sub-Internal: Bullish. -> Has reached EQ. I have marked sub-internal in red due to the significant range of the internal structure. Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback phase of the internal structure. We now seem to be in the pullback phase of the iiBOS. Price is reacting to the 50% EQ of the swing range, which is indicated in black. Current expectation, is for price to target weak internal low. A good indication that pullback phase of the internal structure is completed is once price breaks and closes below sub-internal structure low to target the weak internal low. Price could possibly continue bullish, react at H4 POI before continuing bearish move. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Has reached EQ. Price has printed a bullish iBOS. Internal range established. POI marked with red border is a flip-zone where price mitigated and continued bullish. Flip zone is also closely located close to 50% EQ. Intraday expectation is for price to continue bullish to target weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold quietly waiting for new newsGOLD MARKET UPDATE: For the first time in three weeks, gold prices (XAU/USD) ended on a positive note, buoyed by ongoing geopolitical tensions and the recent weakening of the US Dollar (USD). However, the precious metal is facing challenges in sustaining its upward momentum and has seen a slight decline in the Asian trading session on Monday. This could be attributed to speculations that the Federal Reserve (Fed) might maintain higher interest rates for a longer period. Market participants have recently adjusted their expectations regarding an early rate cut by the US central bank. This shift in sentiment followed the release of consumer and producer price data in the US, which came in higher than anticipated earlier this month. Additionally, the minutes from the FOMC meeting at the end of January and hawkish comments from Fed officials suggest that the central bank is reluctant to cut interest rates due to persistent inflation and a strong US economy.
OANDA:XAUUSD
by Antonia_Le
AUDUSD continues its uptrend intradayAUDUSD surpassed its recent high of 0.6800 last Friday, reaching levels not seen in nearly five months. The initial rise in the Australian dollar was attributed to increased market risk appetite and a decline in the US dollar. Additionally, hawkish sentiment around the RBA supported the Australian dollar. AUDUSD continues its uptrend intraday. Upward movement underway, starting at 0.6269, likely targeting a previous stop loss of 0.6846 in the near term, followed by the end of the "upward impulse wave" at 0, 6875. The next target, following the "double top" formed in June and July, would be a test of 0.7156. On the other hand, a correction below the minor support at 0.6723 would initially result in a more prolonged consolidation of upward momentum. However, as long as support at 0.6541 holds, the outlook remains bullish. In terms of trading strategy, one should focus on buying at low prices.
Long
by NicoTradingMaster
RISK OFF FRIDAYThe King, Dollar Index, is in a Weekly BuySide SellSide Imbalance, BISI. Is this the end of a RISK OFF Spell for Risk Assets and a possible uptake for Dollar. 10 Year US Yields, US10Y, has led the way into its own Weekly BISI. Currency follows the Rates...so I would be highly cautions this RISK OFF FRIDAY Afterall, the Rates are not yet cut, the indication of possible rate cuts scheduled for next is not enough to push through the weekly SIBI, or is it? ...from Kong with LOVE...
EASYMARKETS:USXUSD
by KongSA
EURUSD strategy todayThe EURUSD lost momentum on Wednesday as concerns about the eurozone's economic outlook intensified. However, the intraday bias remains neutral and more consolidation is likely below 1.1008. A further rebound is expected as long as the 1.0722 support level is held. On the upside, a break above 1.1016 would resume the overall uptrend starting from 1.0450 and retest the high of 1.1274. If it breaks above the 200-week EMA then it could touch the 200-week EMA at 1.1150 before 1.1275. a move higher could turn the trend to bullish. However, any move below the 50-week and 100-week SMA would see it fall towards 1.0450, below which the psychological barrier of 1.0200 will be closely watched to prevent further decline. In the near term, EURUSD could break below 1.0880 and 4-hour SMA 100 at 1.0870 to add to bearish pressure and shift bears' attention to level 1, 0825 to the December low of 1.0715. Should sell at a high level.
Short
by NicoTradingMaster
Bitcoin: The decline has not endedHello dear friends, What are your thoughts on BTC today? Currently, BTC is experiencing a downward trend after failing to maintain its price increase at $28,000 for several days. At the time of writing, BTC is trading at $26,823, which represents a 0.2% decrease for the day. After observing the chart, we can see that there is still no significant barrier to prevent BTC from continuing its downward movement, as the support level at $26,900 has been breached. Currently, the target is to reach $26,000. If you find this information helpful, please leave a like and follow to receive the latest updates!
INDEX:BTCUSDShort
by Karina_Bella
3
Update the latest BTC today: Continue to increase pricesHello smart traders! Currently, BTC is continuing its upward movement and is trading at a level of 27949. It can be observed that BTC has been consistently increasing in price since the last decline to the level of 26047 USD. The price is now approaching the expected level with a figure in the range of 28000 USD. This upward trend is expected to continue as indicated on the chart from the Fibonacci extension indicator. A new price level is forming, which is projected to potentially increase to 28480 and then 28800. If you find this information helpful and useful, please leave a like and follow Karina! Wishing you successful trading!
CRYPTO:BTCUSD
by Karina_Bella
4