Currency Market News (The Best News for the week)

Currency Market News

27.02.202309:41Three Currencies to Watch This Week

We prepared an outlook of major events of this week. Check it and be ready!

13.02.202312:08The Fed won't miss these releases!

Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge. 

08.03.202314:10Focus on Banks' Meeting and NFP

The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.

06.02.202316:40Increased Volatility is Coming

The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.

GOLD SPOT / U.S. DOLLAR - MY BEST PREDICTION FOR 06-10 MARCH

 

Follow my GOLD analysis for 06-10 march,2023. Folks! We have three impact news to believe the uptrend for USD/DXY and the breakdown for GOLD follow the indicators trend.

SELL 1856-1859

TP:1848.44

TP:1839.27

TP:1826.23

SL:1867.80

Gold Analysis February 27-28 - Sell Move 1820-1824

 

Follow my point of view for tomorrow until 01 March 2023. 

Technical Analysis Chart - (Crk) my Best Prevision on 27-03 February-March 2023

 

XAU/USD

DJ30 - US30

GBP/JPY

USD/JPY

Technical Analysis Chart - (Crk) my Best Prevision on 20-24 February 2023

Hello Traders, Follow my Usoil point of view.

USOIL

- Classic bullish formation
- Our team expects growth

SUGGESTED TRADE:

Swing Trade
Long USOIL
Entry Level - 76.196
Stop Loss - 74.310
Take Profit - 79.016
Our Risk - 1%

XAU/USD - GOLD

Hello traders, I want share with you my opinion about Gold . The chart depicts the completion of the last correction waves a, b, c in the upward trend. However, after a correction, the price has continued to decline, indicating a downward trend and forming impulsive waves in the Elliott wave pattern. Presently, the price is undergoing a correction within the 4th corrective wave. It is possible that the 4th correction wave has concluded, suggesting that the price may continue to decrease. Therefore, it is expected that the price will continue to fall, forming the 5th and final wave. As a result, it is anticipated that Gold will reach its target close to the support area of 1800-1795. Please share this idea with your friends and click Boost🚀

GBPJPY

Hello Traders,

Here is an analysis of GBPJPY . It seems that this pair is already completing the WXY structure and thus will move to the downside. Alternation is a break above the trendline and can be a new movement to the upside. I might be wrong but the bias is more to bearish structure. 

#SELL 161.543

WTI OIL Approaching the best sell entry since December

As previously mentioned, since December 12, WTI hasn't closed below the 72. 40 Support or above the 83.30 Resistance. That keeps the price ranged and recurring patterns emerge. One of those is the current Channel Up which is quite similar to the Channel Up patterns of December 16 - 27 and January 05 - 18.

This is what helped us take the buy last week above the 4H MA200 ( orange trend-line), while the 4H MA50 (blue trend-line) gave a boost on February 09. The price is now approaching the orange Resistance Zone and technically a price near 81.50 is a Sell despite the presence of a Higher Highs trend-line.

The reason is that the previous two Chanel Up patterns took approximately 36 and 38 candles respectively from bottom to top. A 36 bar sequence gets completed tomorrow so by Wednesday the latest (if this fractal gets repeated again), the Channel Up should top. We are waiting for that top, or better yet Double Top , to sell again and target the 73.25 Support.

My Prediction move is the "Sell". You must choose your way!

Technical Analysis Chart - (Crk) my Best Prevision on 13-17 February 2023

 

Technical Analysis Chart - My Best Prevision on 13-17 February 2023

SHORT GOLD!

GOLD

I think we can have a short position on gold and its clear on chart!

USOIL Massive Short! SELL!

USOIL

My technical analysis on this pair is below: BIAS: Bearish ENTRY: 79.811 TARGET: 78.015

 

Analyst DXY 4H

DXY

At first DXY go down and then go up to 108 like that photo 

 

BTC/USD

as you can all see in my chart...
there is a massive bullish rally at every Golden cross (MA50 X MA200).
stay hold..
I expect the crucial resistance at 25000$ to be broken on this bulish rally.  

 

ETHERIUM is on a strong sell sequence paradoxically after its first 1D Golden Cross since August 7th 2021. At the moment the price is testing P1 ( pivot ) which has been going unnoticed. As long as it holds, with 1D technicals neutral ( RSI = 45.634, MACD = 43.610, ADX = 25.785), target the R1 (TP = 1,760) and if a cross over it takes place, target R2 (TP = 2,000).

A cross-candle close under the 1D MA50 is a sell with TP = 1,345 (HL1 and S1 Support Cluster). Recovery back to P1 then which needs to break to open up the R1/ R2 targets as mentioned above.

 

EUR/USD

Nice looking up trend. This longer trend is on the correction with the wave 4.
Wave 4 is forming either as a zigzag or flat pattern. There is an impulsive move after wave 5 of a larger wave 3. I indicate that one as a wave A. So, Wave b could be end up near the previous resistance or it could retrace around 0.618 of a fib ratio and further go down forming a zigzag pattern.  

 

GBPJPY 

Technical Analysis Channel and Triangle formation