Strifor || USDCHF-23/02/2024Preferred direction: BUY
Comment: The situation for the franc differs in many ways from other major currency pairs, and is more reminiscent of the situation for the Japanese yen . Here the franc continues to remain an outsider among the majors, not taking into account the Japanese yen . Even in the event of another short-term weakening of the US dollar , the franc is unlikely to show the same growth as its counterpart. Therefore, for this currency pair, we adhere to buy priority and highlight two long scenarios for ourselves. The target for this long trade is located at the level of 0.89032 with further growth prospects.
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XAG USD ( Silver / US Dollar)
Strifor || NZDUSD-23/02/2024Preferred direction: BUY
Comment: As a result of yesterday, the main competitors failed to gain a foothold after good growth during the European session and as a result, prices retreated to their previous positions. However, the NZDUSD currency pair currently has one of the strongest growth potentials in the short term. The limit buyer continues to hold the price and is most likely preparing for growth. Therefore, short-term long trades for this instrument are the most relevant among major currency pairs. We consider two scenarios (on the chart) and set the target at the level of 0.62359 .
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XAGUSD_1W📊Analysis of silver in the medium and long term Analysis style based on Elliott waves The market is in the range of the triangle abcde and we are close to the end of the triangle, the support is the range of 22,000 and again by maintaining this number and maintaining the upward trend line in the triangle, it can continue to climb and by breaking the ceiling of the triangle towards the number 28 500 and 30,000 to move
XAGUSD_1WAnalysis of silver in the medium and long term The market is in the range of the triangle abcde and we are close to the end of the triangle, the support is the range of 22,000 and again by maintaining this number and maintaining the upward trend line in the triangle, it can continue to climb and by breaking the ceiling of the triangle towards the number 30 .000 and 33.000 to move
Natural Gas Price Forecast | DXY Oil XAUUSD XAGUSDNatural Gas Price Forecast | DXY Oil XAUUSD XAGUSD
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
04:12 AMEX:UNG Stock Forecast
08:53 USO Oil Stock Forecast
10:55 DXY US dollar Stock Forecast
12:31 Gold XAUUSD Stock Forecast
13:42 Silver XAGUSD
Strifor || GOLD-22/02/2024Preferred direction: BUY
Comment: Buyers of gold have laid down a fairly serious prospect of growth towards the level of 2060 . Previously, we talked about the likely formation of a balance at the level of 2040 , and that most likely thereafter there will be growth above this level towards local highs. However, given the intense news background and, most importantly, the technical picture, there is a high probability that this will happen earlier than we expected.
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Strifor || EURUSD-22/02/2024Preferred direction: BUY
Comment: After a significant strengthening of the euro against the background of the publication of data from the EU , further strengthening is still expected, despite the current pullback. There is still a number of important economic indicators to be published, including those from the United States , which are the most anticipated. Technically, the currency pair is also on the buyer’s side, so you can safely try longs with a small stop loss and take profit at the level of 1.09000.
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Silver H4 | Potential bullish breakoutSilver (XAG/USD) is rising towards a potential breakout level and momentum could potentially carry price towards our take-profit target.
Entry: 23.160
Why we like it:
There is a potential breakout level
Stop Loss: 22.742
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level
Take Profit: 23.505
Why we like it:
There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Silver: Thoughts and AnalysisToday's focus: Silver
Pattern – Breakout test.
Support – 21.90, 22.84
Resistance – 23,45 23.19
Hi, traders; thanks for tuning in for today's update. Today, we are looking at Silver on the daily chart.
Looking at Silver, we see that price continues to pull back after breaking out of a triangle-based squeeze pattern. This is fine after a breakout but we want to see 22.84 hold as support for buyers. If it does, we will look for a move to retest resistance, set up a range break, and possibly confirm a new up trend.
If sellers break 22.84 support, this could be a worry, and if other factors weigh in, like metals sector selling and or a firmer USD, this could lead to deeper tests to the downside.
Do you think buyers can hold and set up a new push higher?
Good trading.
Strifor || USDCAD-21/02/2024Preferred direction: BUY
Comment: In the middle of the current trading week, the publication of the Fed protocol is expected, which is highly anticipated by the entire market. Regarding the technical part, yesterday the US dollar weakened intraday, however, after yesterday's close, and also considering the current market movement, the US dollar will most likely strengthen today. So, for the USDCAD currency pair we are considering buying towards the level of 1.35500 , where the nearest resistance is located. For long, we consider two scenarios, where, nevertheless, scenario №1 has a better chance of being realized. Scenario №2 is a plan "B", in the format of re-entering this trade.
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Strifor || GBPUSD-21/02/2024Preferred direction: BUY
Comment: The British pound pleased with its positive realization of the previous long trading idea. And even now we still maintain buy-priority. We are also considering two long scenarios, where scenario №2 has a deeper correction towards the level of 1.26000 . As you can see, we placed the target immediately below the level of 1.28000, while we are not considering a higher target, and manual closing of the transaction before the price reaches the level of 1.28000 is not ruled out.
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Strifor || EURUSD-21/02/2024Preferred direction: BUY
Comment: On February 20, the currency pair made a good movement towards our target of 1.09000 . We need to remind you that first of all we expect the level of 1.08500 . At the moment, scenario №1 is active, but as part of a short-term transaction, you can consider buying from current prices, using a small stop loss. A protect-order can be placed behind local (intraday) lows, and targets can be placed according to the medium-term trade at 1.08500 and 1.09000.
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Natural Gas Price Forecast00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
04:12 AMEX:UNG Stock Forecast
06:35 USO Oil Stock Forecast
07:40 DXY US dollar Stock Forecast
09:14 Gold XAUUSD Stock Forecast
10:24 Silver XAGUSD
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Strifor || GOLD-21/02/2024Preferred direction: BUY
Comment: For metals , there will most likely be a relative pause in movement. Thus, a balance is expected to be formed for gold , most likely after which there will be an attempt to grow above the 2040 level. In the short term and even in the longer term, longs will most likely be of greater priority. The buyer’s first task is to gain a foothold near the 2040 level, after which a fairly good prospect opens up towards the 2070-2080 area.
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⚡️Strifor || GOLD-20/02/2024Preferred direction: BUY
Comment: Our previous trading idea of going long on the metal worked perfectly and finally, not only silver allowed us to make money on growth. At the beginning of this week we are also looking at longs, but now the entry point is a little more difficult. For ourselves, we identify two main scenarios for the development of events. Monday turned out to be very calm, so Tuesday can be said to be the first real trading day of this week. The context for growth has intensified for this metal, but, as was said, entry points have not yet been observed. Comparing with the main currency pairs, of course, there is much more growth potential against the US dollar and it is better to take a closer look at purchases there. In general, the mood for gold is positive and most likely this week the buyer will try to fix the price above the 2040 level.
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⚡️Strifor || GBPUSD-20/02/2024Preferred direction: BUY
Comment: The previously published scenario №1 for the pound is in progress and it is most likely that according to this scenario we will approach the target at the level of 1.27000 . However, medium-term prospects certainly allow us to consider growth above this target, namely at the level of 1.28000 . Near this level there is more serious resistance, which most likely will not be overcome on the first try. More global targets can be considered even higher than the level of 1.28000.
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⚡️Strifor || EURUSD-20/02/2024Preferred direction: BUY
Comment: The buyer continues to take the initiative on the euro . At the end of the previous trading week, an excellent base was formed in the market to continue moving long; in addition, the entry point for a short-term trade is currently one of the strongest. We are considering growth towards the level of 1.08500 , and can also be considered towards the level of 1.09000. The main growth for the currency pair is expected in the first half of the week.
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⚡️Strifor || NZDUSD-16/02/2024Preferred direction: BUY
Comment: The main competitors of the US dollar continue their recovery against the American currency and most likely this trend will continue. The accumulated volume allows currencies such as the New Zealand dollar to continue their current growth towards the nearest resistance levels. This level is 0.61500 , that is, for us this is the nearest target for growth. If we consider a longer-term picture, most likely at the level of 0.61500 we can expect a pause in the form of balance, and then, most likely, growth will continue towards 0.62500 and 0.63000 .
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SILVER What Next? SELL!
My dear subscribers,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 23.416 pivot level.
Bias - Bearish
My Stop Loss - 23.717
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 22.870
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
⚡️Strifor || SILVER-16/02/2024Preferred direction: BUY
Comment: Silver is now showing the best growth result. We previously noted this instrument for long as part of transactions aimed at the potential weakening of the American currency. The trade has already been moved to breakeven and we are waiting for it to be processed at the level of 23.32250 . Further, in the longer term, we can count on further strengthening after the formation of a balance in the range of 22.66582 - 23.32250.
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Silver H1 | Potential bearish reversalSilver (XAG/USD) has just reacted off a pullback resistance and could potentially drop lower from here.
Sell entry is at 22.948 which is a pullback resistance.
Stop loss is at 23.210 which is a level that sits above a swing-high resistance.
Take profit is at 22.587 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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