NEAR INCREASE VOLUME TRENDThank you for reading this update.
NEARUSDT seems to have a new volume increase that could get a confirmation in the coming time frames.
Trendtrading
💡 XAUUSD: Under pressure from USDGold prices reversed sharply today after the US announced data related to inflation that was slightly higher than forecast.
Specifically, the consumer price index (CPI) in February in the US increased by 3.2%, 0.1 percentage point higher than the market expectation of an increase of 3.1%.
CPI increased slightly, making investors worry that inflation in the US may heat up. This may cause the FED to maintain high interest rates for a long time. Accordingly, they increase their holdings of USD to help this currency increase in value. Gold price today is in a disadvantageous position.
On the other hand, US bond interest rates jumped from 4%/year to 4.14%/year, motivating many people to put capital into bonds. Meaning very little money flows into precious metals. Gold prices today are under more pressure to go down
AUDUSD: GET YOUR LONGS READY!We are seeing clean bullish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a long trade.
Waiting for at least a 50% retracement into the resistance turned support- then we look for a bullish market structure shift on the 1hr and ATTACK!
This is looking like a very yummy long!
Follow and Stay tuned my friends ;)
Maximizing Profits with Trend Trading: Today's Bitcoin InsightIn today's volatile market, leveraging the simplicity and potential of trend trading has never been more critical. Bitcoin's current trajectory underscores the value of following market trends for substantial gains, emphasizing the importance of technical analysis tools like moving averages and MACD for timely decisions. This approach not only simplifies trading decisions by aligning with market momentum but also enhances risk management through strategic stop-loss orders. As we navigate today's Bitcoin trends, remember the flexibility and psychological comfort trend trading offers across various time frames. Join our waiting list now for the upcoming MTOPS AI release, designed to harness the power of the MTOPS Strategy in trend trading for optimized market engagement.
💡 XAUUSD: Waiting for CPIGold prices increased in the first trading session of the day in the US. According to reports in the US, the number of jobs in the non-agricultural sector increased by 275,000 units in February 2024. The US unemployment rate increased to 3.9%.
The market received the comments of Mr. Jerome Powell, Chairman of the Federal Reserve (Fed), positively. Experts predict that the Fed is ready to cut interest rates and the timing could be in the middle of this year.
Upcoming inflation data will attract the market's attention because this is important data to assess the timing of the Fed's interest rate cuts.
During the week, markets will monitor retail sales reports and weekly unemployment claims, as well as US manufacturing data.
💡 XAUUSD: Continue to increase or decrease?Many analysts believe that, although gold has experienced a strong week of increases and will likely continue to increase in the near future.
However, traders are worried that if the US consumer price index report for February published on March 12 increases, expectations of interest rate cuts by the US Federal Reserve (Fed) will continue. continue to prolong.
Some experts predict that inflation may rise faster than expected as a direct result of the spike in energy costs. Experts warn that gold investors should be cautious, a slight increase in the inflation index will also cause gold prices to decrease in the short term.
SET UP - BUY LIMIT 2174 - 2172
TAKE PROFIT 1: 2180
TAKE PROFIT 2: 2185
STOP LOSS: 2167
CADJPY: GET YOUR SHORTS READY!We are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement- then we look for a bearish market structure shift on the 1hr and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
💡 GBPUSD: Forecast March 11The upward momentum for GBPUSD D1 continued strongly with the sixth consecutive day of gains last Friday. Friday's up D1 bar was structurally important because it broke out - from the most recent price high, confirming GBPUSD D1 return to the uptrend, as it established a new price high.
GBPUSD H1 accelerated as it created an upward sloping price channel with a steeper slope than the trend line below. This increased buying pressure is a sign of a trend with strong momentum that is likely to continue. So if GBPUSD H1 pulls back today, you can wait to buy.
💡 EURUSD: Forecast March 11EURUSD stalled on Friday, rebounding from the above resistance while creating a bearish pinbar pattern, showing resistance. However, with the previous breakout, EURUSD D1 is still slightly higher in price.
The EURUSD H1 chart structure shows that this pair is more bullish, with gradually higher highs and lows along with a bullish channel providing additional support. Because D1 is touching resistance, H1 can catch pullbacks to the resistance areas below to buy
⚡MOOVUSDT⚡see and watch :)
After breaking the downward trend line in the weekly time frame, it is ready to move towards the specified targets...
💡 XAUUSD: NFP pre-predictionGold prices continued to rise higher in the past session, recording the 7th consecutive increase and officially creating an ATH (all-time high).
However, there are three points to note:
1/ the increasing force is showing signs of decreasing;
2/ Price has increased sharply for many days, creating heavy overbought signals;
3/Selling pressure is showing signs of returning this morning.
All of this warns bulls of risks if they buy to chase prices at this time. The medium and long-term outlook is still bullish, but you need to be careful with the possibility of a short-term correction. You should only consider buying after corrective moves, the next target is the 2200 threshold.
EURUSD: GET YOUR LONGS READY!We are seeing clean bullish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a long trade.
Waiting for at least a 50% retracement into the resistance turned support- then we look for a bullish market structure shift on the 1hr and ATTACK!
This is looking like a very yummy long!
Follow and Stay tuned my friends ;)
GBPUSD: GET YOUR LONGS READY!We are seeing clean bullish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a long trade.
Waiting for at least a 50% retracement into the resistance turned support- then we look for a bullish market structure shift on the 1hr and ATTACK!
This is looking like a very yummy long!
Follow and Stay tuned my friends ;)
USDJPY: GET YOUR SHORTS READY!We are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement- then we look for a bearish market structure shift on the 1hr and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
Counter-Trend Trade on NZDUSDThis week, while many counter-trend traders might be eyeing a short on NZDUSD due to a potential setup on the 4-hourly chart, I'm taking a different approach.
Why I'm Bullish:
1. The market retested the previous resistance without creating an RSI Divergence, which raises concerns for a strong bearish move.
2. I'm looking for a buying opportunity at 0.6153.
Share your thoughts and trade plans for NZDUSD. What's your approach this week?
Let's keep the conversation going!
Bullish Bias on GBPJPY1. Bullish Bias:
- I have a more bullish outlook on GBPJPY compared to GBPUSD.
- Clear violation of the Daily Chart on both GBPUSD and GBPJPY.
2. Trading Setup:
- A Type2 Bullish Gartley Pattern on GBPJPY is the key trading setup.
- Aiming to go long on GBPJPY.
Share your insights and trade plans for the week. What's catching your eye?
Let's discuss and navigate the markets together!
Bullish Bias with Buying Opportunity on RetestGBPUSD is on my radar, and here's my outlook:
1. Bullish Bias:
- I have a bullish outlook on GBPUSD.
- The Friday close indicates a potential bullish
movement.
2. Buying Opportunity at 1.2819:
- I'll be patiently waiting for the market to retest 1.2819.
- Preferably, a double bottom formation with RSI Divergence would be ideal for a buying opportunity.
Share your thoughts and trade plans for GBPUSD in the comments below. Let's exchange ideas and insights!
GBPJPY Trend Analysis Week of 3-9-24Weekly=Bullish.
Daily=Bullish.
4H=Bearish (waiting for shift of structure)
Weekly candlesticks are show rejection from 50% on weekly Fib. Overall Bullish market so waiting for 4h to shift to bullish. Zones marked up are daily supply & demand aka areas of interest.
APPLE $AAPL - Feb. 23rd, 2024APPLE NASDAQ:AAPL - Feb. 23rd, 2024
BUY/LONG ZONE (GREEN): $187.15 - $196.20 (can be extended to 185.00)
DO NOT TRADE/DNT ZONE (WHITE): $181.50 - $187.15 (can be shortened to 185.00)
SELL/SHORT ZONE (RED): $175.40 - $181.50
Weekly: DNT
Daily: DNT, Lean Bearish
4H: Bearish
Currently would not enter in Apple, NASDAQ:AAPL , as I believe the current zone is untradeable, but something I would be looking for in the next week or so. Bulls could enter around 187.15, but an earlier entry might be above the current daily candle (also the current 4h structural high) around 185.00 or at the top of the bearish zone at 181.50. I did draw a bearish zone although I personally would not be looking to go short. The daily timeframe is lean bearish because the most recent level break was to the downside, weekly would need to see a new low (lower than the most recent two weeks) or a close below level 181.50 to be switched to bearish. 4H has strong bearish structure despite seeing two green days out of the last three.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Bullish on Mighty $GOOGNASDAQ:GOOG has formed a bullish trend channel starting from November 2023. Had a strong pull back last week but bounced back to maintain the bullish channel.
Great probability to retest the the previous resistance as it looks to soar to new all time highs.
Lyft-ing Off: Why $LYFT is Poised for a Bullish Future
NASDAQ:LYFT has retested the $12 major support level and has a huge bullish momentum. The stock highly undervalued at this price and due for a major upside.
First off, let's talk about the elephant in the room: the pandemic. While it's been a wild ride for ride-sharing companies, Lyft has shown resilience and adaptability. They've implemented safety measures and expanded their offerings, which has helped them weather the storm. As the world continues to recover and people start moving around more, Lyft could be in a prime position to capitalize on the pent-up demand for travel and transportation.
Secondly, Lyft has been making strides in the autonomous vehicle space. They've partnered with some big names in the industry and have been testing their self-driving cars in various cities. If they can successfully integrate this technology into their platform, it could give them a competitive edge and potentially drive down costs in the long run.
Lastly, let's not forget about the power of the gig economy. As more people look for flexible work options, the pool of potential drivers for Lyft grows. This could help them maintain a strong supply of drivers and keep customers happy with shorter wait times and more reliable service.
As a major competitor for UBER, Lyft is highly undervalued at this price and looking to make some major moves to the upside.
Market Structure -- What is it and Why is it useful? Usd/Jpy 💱In this Video we breakdown the basics of Market structure.
We first answer what it is, then how to identify it, and then why it is important for anticipating moves in the market.
🌟📉 Exciting Update on USDCAD's Ranging Market! 📊💼As mentioned earlier, let's dive into the latest developments regarding USDCAD's market dynamics. Get ready for insightful updates and potential trading opportunities. 🚀📈
📉 Downward Trend Forecast:
Our analysis suggests that USDCAD is poised to transition into a downtrend. Why? Because we anticipate further downward movement in the DXY (Dollar Index), which could influence the direction of USDCAD. Stay tuned for potential bearish opportunities! 👇📉💰
⚠️ Managing Sell Orders:
If you have active Sell orders through your EA, it's advisable to consider adjusting your strategy. Specifically, you may want to halt new sell orders when USDCAD experiences a rebound from the demand zone (1.3456), as illustrated. This adjustment can help you navigate the evolving market conditions effectively. ⚙️📉💡
🔄 Next Up: AUDJPY Ranging Market:
Looking ahead to next week, we shift our focus to a new ranging market opportunity—AUDJPY. Stay tuned for our next post, where we'll provide valuable insights and analysis on this currency pair. Get ready for another exciting trading prospect! 📆🔍🌍
Embrace the updates, adapt your strategies accordingly, and seize the potential within USDCAD's ranging market. Don't forget to join us for the upcoming post on AUDJPY, where we'll uncover more trading possibilities. Let's make the most of these opportunities and aim for profitable trades! 💪💼💹
#USDCAD #RangingMarketUpdate #DownwardTrendForecast #AUDJPYNextWeek #TradingOpportunities 📈🔍💱
