TRADiNG Analysis for the Week Ahead | August 19th, 2024
Trading Analysis for the week commencing Monday, August 19th, 2024.
Welcome back to helpvid trading, where we break down the market movements and trading opportunities for the week ahead. It's the and we've got a lot to cover, so let's dive right in."
First, let's take a look at the broader market sentiment. Last week, we saw gold make a new high XAUUSD
This week, there are several key economic data releases that could impact trading. On Wednesday, we'll be watching the FOMC Minutes and on Friday if in any active trades we will be paying attention to Fed Chair Powell Speech, this will be critical in understanding the Fed's next move and its potential impact on market sentiment."
Now, let’s break down the key sectors that could be in play this week. The [mention the sectors, such as tech, energy, healthcare] sector saw significant movement last week, and this momentum could continue. For tech, we'll be paying attention to companies like [mention specific companies] ahead of their earnings reports, while energy could be influenced by [mention any relevant factors, like oil prices or geopolitical tensions]."
For those looking for specific trade ideas, here are a few fore x pairs we're watching closely. We will be looking for reversal signals to enter short positions on Gold, XAUUSD and GPBUSD. We will also be watching the JPY pairs closet, we will be looking for signals to enter long positions on GU, GBPJPY, UJ, USAJPY, EJ, EURJPY.
REMEMBER we will only enter on a long tail, wick or engulfing candle at specific areas these being support, resistance (S&R) or a Point of Interest (POI)
Don't forget to keep an eye on both XAUUSD and BCOUSD as many Forext pairs have a direct correlation.
That wraps up our analysis for the week ahead. It's shaping up to be an exciting week with plenty of opportunities for traders. Make sure to stay updated with any breaking news that could impact the markets. If you found this video helpful, don't forget to like, subscribe, and hit the bell icon so you never miss an update. Drop a comment below with your thoughts or any stocks you’re watching this week—I'd love to hear from you!”
The content of this video is for informational and educational purposes only and should not be construed as financial advice. The opinions expressed are those of the presenter and are based on personal analysis. Trading and investing carry significant risk, and you should always conduct your own research or consult with a licensed financial advisor before making any financial decisions. Past performance is not indicative of future results. The presenter is not responsible for any losses or damages incurred as a result of reliance on this information
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