Rectangle
EURUSD: Scenarios For Next Week Explained 🇪🇺🇺🇸
EURUSD is trading within a horizontal range on a daily.
Depending on the FED interest rate decision on Wednesday,
I see 2 potential scenarios.
If the price breaks and closes below 1.063,
I will expect a bearish trend continuation and a bearish movement to 1.054.
Alternatively, a bullish breakout 1.0788 will trigger a bullish continuation to 1.081.
The interest rate decision will most likely clarify the future direction of the market.
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Gold (XAUUSD): FED Interest Rate Decision Ahead 🟡
On Wednesday, we are expecting a FED interest rate decision.
Gold will most likely will remain very calm until then.
On a daily time frame, the price is currently trading within a horizontal range.
Bullish news will trigger a breakout of its upper boundary.
Daily candle close above will confirm a violation.
A bullish continuation will be expected at least to 2006 level then.
Alternatively, a bearish breakout of the support of the range and a daily candle close below
will trigger a selloff. A bearish continuation will be expected to 1900.
Smart money are already accumulating their positions.
Watch the intraday price action around the release of the news for the clues.
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Gold (XAUUSD): Before The Market Closed... 🟡
Many of you asked me to share the update for Gold.
One thing is certain: the market is in a deep consolidation:
the market is trading in sideways on a daily,
on a 4H time frame, we can spot a horizontal trading range,
one more horizontal range is also spotted on an hourly time frame.
That is what the absence of the news does with the market.
For those looking to buy, I can only suggest waiting for a bullish breakout of 1976 - upper boundary of a 4H range.
4H candle close above will most likely push the market higher.
If you want to short, watch 1960 support - lower boundary of hourly range.
If the 1H candle closes below that, a local bearish movement will be expected.
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CVNA - Range Break + High short interest CVNA has broken through resistance of $13 after a short range consolidation which came after earnings. The short interest on the stock currently standing at 50%. This could spark some short squeezing should it hold above and break $14. $16 and $20 are next targets. Stop loss below $10.
GOLD SELLHi, according to my analysis of the gold market. The price is moving sideways. The price is now breaking this area down. And there is a further decline to the level of 1940 in the first stage. And the level of 1930 in the second stage. Good luck everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you