Pairs on Watch - FX:EURNZD FX:EURAUD FX:GBPAUD A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
USD/JPY has come under renewed selling pressure to near 0.6350 in Wednesday's Asian trading. The pair fails to benefit from fading hopes of a BoJ rate hike on Thursday as the US Dollar retreats despite a cautious risk environment. All eyes remain on the Fed outcome ahead of Thursday's BoJ decision
EURCAD is falling towards a Support level which is a pullback support and go long term for a buy We expect a decline in the channel after testing the current level which suggests that the price will continue to rise. Traders if you like this idea give a like,comment i will be glad And Good Luck on the Markets...
Good area expected rebound reaction on hourly frame
Market Analysis: NZD/USD Sink Further, Losses Mount NZD/USD is also moving lower and might extend losses below 0.57350. Important Takeaways for NZD/USD Analysis Today - NZD/USD declined steadily from the 0.5790 resistance zone. - There is a short-term bearish trend line forming with resistance at 0.5750 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis https://www.tradingview.com/x/9QJkfeRm/ On the hourly chart of NZD/USD on FXOpen, the pair also followed a similar pattern and declined from the 0.5790 zone. The New Zealand Dollar gained bearish momentum and traded below 0.5765 against the US Dollar. The pair settled below the 0.5755 level and the 50-hour simple moving average. Finally, it tested the 0.5735 zone and is currently consolidating losses. Immediate resistance on the upside is near the 23.6% Fib retracement level of the downward move from the 0.5792 swing high to the 0.5736 low at 0.5750. There is also a short-term bearish trend line forming with resistance at 0.5750. The next resistance is the 0.5765 level or the 50% Fib retracement level of the downward move from the 0.5792 swing high to the 0.5736 low. If there is a move above 0.5765, the pair could rise toward 0.5790. Any more gains might open the doors for a move toward the 0.5810 resistance zone in the coming days. On the downside, immediate support on the NZD/USD chart is near the 0.5735 level. The next major support is near the 0.5710 zone. If there is a downside break below 0.5710, the pair could extend its decline toward the 0.5665 level. The next key support is near 0.5640. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
The Dow Jones Industrial Average (DJIA) (Ticker AT: USAIND) recently experienced its longest negative streak since 2018, racking up eight consecutive sessions of declines. This downtrend began on December 4, when the index closed above 45,000 points for the first time in history. Since then, it has shown a downward trend, reflecting the volatility and fluctuations of the market in the current period. During this period, the DJIA has shown a downward trend, while other indexes such as the Nasdaq have experienced increases, reaching new all-time highs. For example, the Nasdaq rose 1.24% and closed at new all-time highs, while the S&P 500 advanced 0.38%. However, these positive closes were the result of the strong performance of a few stocks, such as Alphabet, Apple and Tesla, which set new all-time highs. The recent drop in the Dow Jones Industrial Average (DJIA), is due to several factors that have generated uncertainty in the markets. Here are the main reasons behind this behavior: 1. Interest Rate Concerns 2. • The persistence of high interest rates by the Federal Reserve (Fed) to combat inflation continues to negatively affect sensitive sectors, such as real estate and industrials. • Investors fear that these rates could be prolonged, limiting economic growth. 2.Recession Fears • Mixed economic data, such as a slowdown in consumer spending and industrial production, have fueled concerns about a possible recession in 2024. • Although the labor market remains strong, other indicators, such as the manufacturing index, reflect weakness. 3. Impact of the Industrial Sector • Given that the DJIA is largely comprised of industrial and consumer goods companies, any weakness in these sectors directly impacts its performance. • Key companies in the index, such as Boeing and Caterpillar, have suffered setbacks due to global uncertainty. 4. Strength of the dollar • The strengthening of the dollar against other currencies negatively affects DJIA companies with high international exposure, reducing the competitiveness of their products abroad. 5. Rotation to Other Indices • Investors are favoring indices more exposed to the technology sector, such as the Nasdaq, which has had a positive performance thanks to the momentum of artificial intelligence and other technological advances. 6. Geopolitical Tensions • Uncertainties in the Middle East, as well as trade tensions between the U.S. and China, have increased risk aversion, especially affecting global companies in the DJIA. On the technical side, the index has had several bearish days that are reaching its last support zone near 43,300 points. If this zone is pierced, it could evolve towards the checkpoint near 42,100 points. On the other hand, the index is currently oversold at 41.72% and its mid-range crosses do not indicate a change in direction. If we look at the MACD if there has been a turn of the trend of the average of 12 crossing below the average of 26, which shows that in the short term this situation does not seem to have changed. It is important to note that the DJIA is a price-weighted index, which means that higher-priced stocks have a more significant impact on its movement. Therefore, fluctuations in the prices of high-value stocks can significantly influence the index's performance. For investors and analysts, this negative streak in the DJIA underscores the importance of monitoring market trends and considering factors such as index composition, global economic conditions and monetary policies that can influence stock index performance. Ion Jauregui - Analyst ActivTrades ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
still range bound and lijely a sfp here so we run it back else we get the yellow squiggly play out imo either way good discounts on stocks load up
As mentioned on my earlier charts fr, MT GOX did move and mentioned it would come to 103K and so shorts from 108k was too good as said, expecting a small range up. Ideally i would go for shorts to 101,637 but ugh huge tpo are lying here so expecting solid green candle, ideal my scenario is to short again on the highs and if vol comes would book SL. SO If i speak english i short now and wait till 101k and if not i give up at 104k which i know is happeneing but i still want to.. IDeally the news fever is gone so neutral view but still can churn ways out.
i welcome u all to my platform , been a while, but lets observe a quick one one btcusd overall trend
Market Analysis: AUD/USD Sink Further, Losses Mount AUD/USD declined below the 0.6400 and 0.6375 support levels. Important Takeaways for AUD/USD Analysis Today - The Aussie Dollar started a fresh decline from well above the 0.6400 level against the US Dollar. - There is a connecting bearish trend line forming with resistance at 0.6340 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis https://www.tradingview.com/x/72S4VDbs/ On the hourly chart of AUD/USD at FXOpen, the pair struggled to clear the 0.6430 zone. The Aussie Dollar started a fresh decline below the 0.6400 support against the US Dollar, as discussed in the previous analysis. The pair even settled below 0.6375 and the 50-hour simple moving average. There was a clear move below 0.6340. A low was formed at 0.6317 and the pair is now consolidating losses. On the upside, an immediate resistance is near the 0.6340 level. There is also a connecting bearish trend line forming with resistance at 0.6340. It is close to the 23.6% Fib retracement level of the downward move from the 0.6429 swing high to the 0.6317 low. The next major resistance is near the 0.6375 zone or the 50% Fib retracement level of the downward move from the 0.6429 swing high to the 0.6317 low, above which the price could rise toward 0.6385. Any more gains might send the pair toward the 0.6430 resistance. A close above the 0.6430 level could start another steady increase in the near term. The next major resistance on the AUD/USD chart could be 0.6500. On the downside, initial support is near the 0.6320 zone. The next support sits at 0.6350. If there is a downside break below 0.6350, the pair could extend its decline. The next support could be 0.6320. Any more losses might send the pair toward the 0.6300 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.