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EURUSD Analysis week 36🌐Fundamental Analysis EUR/USD continued to fall sharply on Friday, extending its decline into a third straight day and dragging Fiber down to 1.1050 to close the trading week. EU inflation figures released on Friday morning failed to impress anyone in particular, and the US Personal Consumption Expenditures (PCE) price index did not deviate too far from forecasts, leading the broader market to bet on a rate cut heading into the Federal Reserve’s next rate call on September 18. With the PCE inflation data out and offering no warning signs, the way has been opened for next week’s Non-Farm Payrolls (NFP) print, one of the last major economic data points that stand in the way of the Fed and markets clamoring for a rate cut. Next week will also open on a low note, with US exchanges expected to remain closed for the Labor Day holiday. Several Purchasing Managers Index (PMI) releases are also scattered throughout the trading week. 📊Technical Analysis EURUSD remains in an uptrend, with a pullback over the weekend that could be a stepping stone for further gains in the coming days. On the D1 timeframe, the EMA 34 is sloping sharply higher than the EMA 89, indicating that the market structure is tilted to the upside with the most recent trading range around the support of 1.100 and the resistance of 1.127. With the pullback after meeting strong resistance as analyzed last week, the pair is still entering a strong growth phase. The upside slide could revisit the two-year high around 1.146 and the deepest, most reliable support level next week is placed by investors around 1.090 to prevent the pair from sliding too sharply. Resistance: 1.128-1.146 Support: 1.100-1.090 🕯Trading Signal SELL EURUSD zone: 1.127-1.129 Stoploss 1.131 BUY EURUSD zone 1.100-1.098 Stoploss 1.096
by TVS-Trader
GBPUSD analysis week 36 🌐Fundamental Analysis The British Pound (GBP) extended its two-day losing streak and hit a fresh intraday low below 1.3150 against the US Dollar (USD) in the North American session on Friday. The GBP/USD pair failed to gain as the US Dollar strengthened following the release of weaker-than-expected US Personal Consumption Expenditures (PCE) Price Index data for July. The US Dollar Index (DXY), which tracks the value of the Greenback against six major currencies, surged above 101.50. The impact of PCE inflation data is traditionally high as it is the Federal Reserve’s preferred inflation measure for making interest rate decisions. This time, the impact of core inflation data is expected to remain limited to market speculation on the Fed’s rate cut path this year. Currently, financial market participants expect that the Fed will almost certainly start cutting interest rates in September. However, signs of rigidity in price pressures from PCE inflation data have reduced bets supporting the Fed to start a strong policy easing cycle. 📊Technical analysis As analyzed last week, GBPUSD has retreated when it reached a strong resistance zone. The retreat may continue next week to attract buyers to push the price up further. In fact, GBPUSD is in a strong uptrend. On the D1 time frame, the EMA 34 is sloping up sharply compared to the EMA 89, indicating that the market structure is leaning towards the upside, the retreat is only pushing the price up in the near future. The nearest trading range is around 1,300-1,327. These are two strong resistance and support zones and also the price range where investors can enter orders. With a perfect retracement it is possible to push the price to the old peak around 1.342 and the strongest retracement is supported at 1.284. Resistance: 1.327-1.342 Support: 1.300-1.284 🕯Trading Signals SELL GBPUSD zone 1.327-1.329 Stoploss 1.331 BUY GBPUSD zone 1.300-1.298 Stoploss 1.296
by TVS-Trader
Amazon - Give me another -10%...NASDAQ:AMZN did not create a sustainable all time high yet and might head lower short term. Click image above to see detailed analysis Short term counter-trend moves are always very welcome because they allow you to enter trading opportunities within a major higher timeframe trend. After Amazon actually broke above the previous all time high but immediately closed back below, we knew that this was a false breakout. If we get a short term move lower, we might get another textbook trading opportunity. Levels to watch: $140 Keep your long term vision, Philip - BasicTrading
NASDAQ:AMZNLong
by basictradingtv
12
XAUUSD / TRADING INTO RANGE CONTINUES - 4HXAUUSD / 4H TIME FRAME HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level or supply zone between 2,525$ and 2,531$ . Downward Condition : With the price holding steady at the current turning level at 2,425$ , it is likely to decline towards the support level of 2,507$. If it stabilizes below this level, it could then reach the next target level of 2,491$ . Upward Condition : for an upward , a potential is expected if the price breaks the supply zone between 2,525$ and 2,531$ , leading to a rise toward the resistance level (1) at 2,538$ . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 2,555$ . XAUUSD / buy above 2.525$ SL : 2,523$ TP : 2,531$ TP : 2,538$ XAUUSD / sell below 2,525$ SL : 2,528$ TP : 2,520$ TP : 2,516$ TP : 2,507$
OANDA:XAUUSD
by ArinaKarayi
Gold price analysis August 30Fundamental Analysis Upbeat US growth reports and initial jobless claims have pushed back expectations of a deeper Federal Reserve rate cut in September, weighing on non-yielding gold. However, escalating geopolitical tensions in the Middle East and the war between Russia and Ukraine could boost safe-haven demand, benefiting the yellow metal. Investors will be closely watching US inflation data for further insight into the potential size of the Fed’s rate cut. The core personal consumption expenditure (PCE) price index, the Fed's preferred inflation gauge, is estimated to have risen 2.7% year-on-year in July, up from 2.6% in June. A weaker-than-expected PCE reading could prompt the Fed to start a rate-cutting cycle, acting as a bullish catalyst for XAU/USD. Technical Analysis Gold is pushing higher in the European session ahead of an all-time high. If the resistance at 2525 is broken before the US session starts, we will see a new ATH around 2450. In the event that gold is pushed below 2525 and the US enters, it could push gold deeper into the current support at 2503-2494 as a hurdle ahead before heading towards 2485 to end a volatile Friday for gold. Resistance: 2530 - 2535 - 2543 - 2550 - 2558 - 2568 Support: 2513 - 2505 - 2500 - 2494 - 2485 - 2472 SELL zone 2541 - 2543 stoploss 2547 SELL zone 2548 - 2550 stoploss 2554 BUY zone 2509 - 2507 stoploss 2503 BUY zone 2485- 2483 stoploss 2480
OANDA:XAUUSD
by TVS-Trader
3
Asian session volatility August 30Gold prices lost momentum amid a stronger US dollar on Friday. Upbeat US growth reports and initial jobless claims pushed back expectations of a deeper interest rate cut by the US Federal Reserve (Fed) in September, weighing on non-yielding bullion. However, escalating geopolitical tensions in the Middle East and the war between Russia and Ukraine could boost safe-haven demand, benefiting the yellow metal. Gold could be pushed higher as the European session begins. Look for buy zones around 09-07 or 03-01. Further trading strategies will be updated soon.
OANDA:XAUUSD
by TVS-Trader
NVIDIA to $180Overview It's a good mindset to be skeptical about a bull market that doesn't seem like it should exist. The GDP (Gross Domestic Product) has declined for a second consecutive quarter to a 24 month low and the Civilian Unemployment Rate is the highest it's been since Nov 2021. This leads me to believe that the current rally is being mostly fueled by two factors surrounding artificial intelligence: hype and revenue. NASDAQ:NVDA is the leading A.I. developer and hasn't experienced a decrease in quarterly revenue since November 2022. When faced with the unknown -- which in this case would be the direction of the stock market -- people cling to what they know. I believe this will present itself in more clearly defined trading patterns and price-swing predictability. Technicals NVDA is setting up a pattern that resembles the 5 Elliott Impulse Waves with each wave taking between 3-4 months to develop. If accurate, the trough of the 4th wave could find the share price in the proximity of $100-115. I utilized Fibonacci levels against the low of the 2nd wave to the high of the 3rd wave. In addition to helping find a support level for the 4th wave, the uptrend Fibonacci tool also provided a projected price target near $180. I compared the 1.618 (161.8%) micro-Fibonacci retracement to the 1.618 macro-Fibonacci retracement, which consumes the entirety of the already existing patterns. I took the difference of $18.19 between the projected 1.618 Fib levels then created a low and high range where I believe the 5th wave will peak. I ended my projection at this point, however, it is worth noting that impulse waves are followed by correction waves which serve in the opposite trending direction.
NASDAQ:NVDALong
by Shepherd_Investor
6
RUNE - BIG GAIN (BIG PICTURE)Dear friends, I will show another coin next to the LINK where I see Elliot wave expressed.. For LINKCHAIN, you have an analysis below this post.. First I would like to show my old projections related to RUNE and the exact take profit and return to DCA on it.. Here is a projection of profit taking.. and an accurately expressed mass jump of the first wave.. Then marked zones for returning to the market. Now that all that has happened, I have scenario A and B. The first scenario is that the bottom is behind us and that the first purchase is an excellent decision, on the other hand, we also have plan B because there is great resistance at $5. If the price does not show strength, the last buying target would be 2.2. Below that there is a very large volume and below that the door opens for a big risk (FOR NOW I'M VERY BULLISH) The first target will be scalar from $30 and on. This will all happen only if BTC manages to break the ATH
Long
by learnfromfailure
XRPUSDT / TRADING BELOW FVG - 4H XRPUSDT / 4H TIME FRAME HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 0.58 . Downward Condition : With the price holding steady at the current turning level at 0.58 , it is likely to decline towards the support level of 0.55. If it stabilizes below this level, it could then reach the next target level of 0.51 . Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 0.58 , leading to a rise toward the resistance level (1) at 0.60 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 0.63 . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 0.60 . RESISTANCE LEVEL (2) : 0.63 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 0.55 . SUPPORT LEVEL (2) : 0.51 . TURNING LEVEL : 0.58 .
Short
by ArinaKarayi
USNAS100 / BREAKOUT SUPPLY ZONE !!! - 4HNAS100USD / 4H TIMEFRAME HELLO TRADERS Tendency , prices is under upward pressure , until trading above turning level at 19,559 Upward Condition : The price is currently experiencing bullish momentum. As long as it remains above the 19,559 turning level , it is likely to move upward toward the resistance levels of 19,779 and then 20,097. Downward Condition : To reach the 19,210 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 19,559. If it stabilizes below support level (1) , a further decline toward the support level (2) at 18,690 can be anticipated . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 19,770 . RESISTANCE LEVEL (2) : 20,097 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 19,210 . SUPPORT LEVEL (2) : 18,690 . TURNING LEVEL : 19,559 .
OANDA:NAS100USDLong
by ArinaKarayi
Gold Analysis August 29Fundamental Analysis Gold prices recovered some of their losses on Thursday after bouncing off a weekly low below $2,500. Expectations of a U.S. interest rate cut could boost demand for gold as lower rates reduce the opportunity cost of holding non-yielding bullion. In addition, the current political uncertainty in the U.S., geopolitical tensions in the Middle East and global economic concerns have contributed to the rise in the precious metal. On the other hand, renewed demand for U.S. dollars could weigh on gold, which is priced in dollars, as it makes gold more expensive for most buyers. Investors will be closely watching Thursday’s second estimate of U.S. second-quarter (Q2) gross domestic product for more information on the size and pace of the Federal Reserve’s rate cuts. On Friday, the US Personal Consumption Expenditures (PCE) Price Index data for July will be in focus. Technical Analysis In the Swiss session, gold pushed to the 2416 zone when it failed to break the resistance level of 2521. Considering that the European session can push back above 2551, we can consider retest buy orders and keep the buy order if the 2421 zone is broken. If the European session cannot push above 2421, we can SELL to the 2511 zone and catch BUY again around 11-09 when the session fails to break this zone and keep the order until the end of the US session. In case of a break on 11-09, we wait for support zones to buy scalp such as 2503-2495 and buy strongly when the price reaches 2585. SELL zone 2527 - 2525 stoploss 2531 SELL zone 2548 - 2550 stoploss 2554 BUY zone 2510 - 2508 stoploss 2504 BUY zone 2485- 2483 stoploss 2480
OANDA:XAUUSD
by TVS-Trader
Gold analysis asian session august 29Gold structure in the Asian session on August 29. After bouncing from the support zone of 2495 as analyzed yesterday. Gold was strongly pushed back above yesterday's resistance zone of 2511. The 2511 zone unexpectedly became an important support zone of today's session and then the resistance level of 2518 became a trading price range for gold in the Asian session to the European session. With the strong pulling force here, it can be seen that gold is ready to create a new ATH today if gold does not have the pulling force to the 2485 area. Pay attention to trading in the 2818-2511 zone in the Asian session
OANDA:XAUUSD
by TVS-Trader
GBPJPY trading signals✍️DCA stands for Dollar Cost Averaging - which means averaging the price, simply put, it is when a trader buys an asset many times at different prices. ✍️This is a very popular strategy in finance and cryptocurrencies. The main purpose of the averaging strategy is to effectively minimize investment risks. And increase profits when the market is trending. 🤑🤑In the GBPJPY signal, we had a positive DCA when the price broke out of the DOW zone and the resistance zone at 190.700. The DCA point went in the right direction and brought great profits for the two signals.
by TVS-Trader