NOVATRADES 💎

14 Sep 2024 00:37

Smashed it again this morning 🌅

NOVATRADES 💎

14 Sep 2024 00:37

Next time, I go hard

Thank you so much

NOVATRADES 💎

13 Sep 2024 15:56

BOOM! Gold Smash TP 50pips ✅

NOVATRADES 💎

13 Sep 2024 15:11

Gold buy now @ 2576.00 - 2573.00

tp : 2579.00
tp2 : 2600.00

sl : 2570.00

NOVATRADES 💎

12 Sep 2024 20:09

Helloooo! 😊 Although my current USDJPY trade isn’t moving much, I’m still super happy that I got a win after a while 😊 I was happy to share it with my husband, and I’m happy to share it here. I know it’s nothing much. HAHAHA. So I thought I might be overreacting because it’s a rare occurrence for me 😊 but it made me wonder if it is good to celebrate trading wins, or is it more like an expected and casual thing here? 😁

NOVATRADES 💎

12 Sep 2024 19:34

📊Daily Market Analysis

🇪🇺🇺🇸EUR/USD - European Central Bank (ECB):

ECB Decision: Today, at 12:45 GMT, the ECB will announce its decision on interest rates. The deposit rate is widely expected to be cut by 25 basis points to 3.50%, while the main interest rate is expected to be reduced by 60 basis points.

Forecast: If the ECB does not provide enough information to justify the 11-basis-point reduction priced for the October 17 meeting, the expected cut may not materialize. A further 25-basis-point reduction is anticipated at the December 12 meeting.

Impact on EUR/USD: If this forecast holds true, EUR/USD could experience a moderate bounce towards the 1.0800 region.


🇨🇭Swiss National Bank Speech:

Today, Thomas Jordan, President of the Swiss National Bank (SNB), will speak at the Swiss Bankers Association event. It is unclear whether he will address monetary policy, but the market's expectation of a 32-basis-point rate cut for the September 26 meeting has surprised many. We doubt the rate will be cut by more than 25 basis points given the already low interest rate (1.25%) and the strong performance of the economy.

EUR/CHF Forecast: EUR/CHF could rise today, but is likely to encounter sellers around the 0.9450 area if the ECB curve steepens.

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🇺🇸 USD - Economic Indicators:

US CPI: Yesterday, we saw the core CPI in the US slightly above expectations for August, reducing the anticipated easing cycle by 7 basis points in 2024. However, 100 basis points are still priced in, and we doubt this outlook will change significantly today.

Market Focus on PPI: Today's focus will be on the Producer Price Index (PPI) for August and the weekly Initial Jobless Claims data. This year's PPI reports have garnered more attention as the market analyzes key components like portfolio management costs, healthcare costs, and airfare, which contribute to the Fed’s preferred inflation gauge, the core PCE.


Impact on the Dollar:

The market sentiment appears somewhat risk-on, contributing to a bearish bias for the dollar today. EUR/USD is expected to strengthen, which could weigh heavily on the DXY. Technology stocks, particularly Nvidia, saw a 1% rise, boosting Asian markets overnight. There is also a small risk that Chinese leaders will announce fiscal support measures at this week's National People's Congress, which could target consumers and be well received by markets, especially energy markets.

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🇬🇧GBP - UK Swap Rates:

Swap Rate Changes: UK rates dropped significantly yesterday. Sterling’s two-year swap rates have fallen by around 30 basis points this month. It’s unclear whether this is due to the recent UK GDP data or a broader belief that global rates will fall, and the UK will not be an exception.

EUR/GBP Forecast: If our analysis for EUR support is correct, EUR/GBP could correct towards the 0.8485/0.8500 region.

NOVATRADES 💎

12 Sep 2024 19:34

SELL USDJPY ENTRY 142.660 - 142.680

SL: 142.880

TP: 142.444

NOVATRADES 💎

12 Sep 2024 19:34

USDCAD, 15-minute timeframe chart

USDCAD retested the resistance level of 1.35850

👉General outlook
USDCAD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 1.35850.

👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.35840.

Set your stop loss at 1.36030 above the previous high ($1.40 loss for 0.01 lot) and take profit at 1.35650 ($1.40 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.

The upcoming news will not influence your orders within the mentioned period.

NOVATRADES 💎

12 Sep 2024 19:33

I'm speechless. 🙇🙇🙇

NOVATRADES 💎

12 Sep 2024 19:33

Solid 6 minutes work

NOVATRADES 💎

12 Sep 2024 18:08

BUY XAUUSD ENTRY 2515 - 2511

SL: 2509

TP: 2517

NOVATRADES 💎

12 Sep 2024 18:08

SELL GBPUSD ENTRY 1.30490

SL: 1.30590

TP: 1.30329

NOVATRADES 💎

12 Sep 2024 18:06

🇪🇺🇺🇲 EURUSD TECHNICAL ANALYSIS

EURUSD stays in a quiet mode early Thursday as traders reduced speed ahead of key event of the day – ECB policy decision.

The central bank is widely expected to cut rates by 25 basis points to 3.5%, after June’s 0.25% rate cut.

With today’s cut being almost certain, markets turn focus towards ECB’s next steps, looking for the dynamics of ECB’s action in the near future.

While some expect the central bank to deliver another 25 basis points cut in October, arguing that inflation continues to ease and is near 2% target and economic growth is anemic, with no significant changes in economic picture expected, others point to persisting inflation risk which requires cautious approach.

NOVATRADES 💎

12 Sep 2024 18:06

🇪🇺🇺🇲 EUR/USD Price Forecast: Technical outlook
The EUR/USD is neutrally biased, though it remains above the 1.1000 figure, which is ahead of the ECB’s decision. The momentum shifted to bearish, as seen in the Relative Strength Index (RSI), though its slope aims upward.
If the EUR/USD rallies past the September 11 peak at 1.1054, that would sponsor a move to the 1.1100 mark. Conversely, if the pair tumbles below 1.1000, the bulls’ first line of defense would be the 50-day moving average (DMA) at 1.0967, followed by the July 17 swing high turned support at 1.0948.

NOVATRADES 💎

04 Feb 2024 20:47

What is liquidity?
Liquidity is how easily a financial market can be bought or sold. If an asset has lots of potential buyers and sellers at any given time, then it is highly liquid, and you should be able to trade it easily without affecting its price too much.
If buyers and sellers are scarce, on the other hand, you may struggle to find a suitable trade.
Liquidity is an important factor in financial markets. It enables traders to move quicker and keeps prices competitive. Less liquid markets are generally perceived to be riskier than highly liquid ones.

NOVATRADES 💎

14 Sep 2024 00:37

USD 300 done and secured from your breakfast setup🤝 Thank you so much my guy you give me hope

NOVATRADES 💎

14 Sep 2024 00:37

We did it again this week with patience ☝🏻

NOVATRADES 💎

13 Sep 2024 15:56

YEHOO! Dips and FLYYY 25pips 🤤

Secure half and set BE to hold!

NOVATRADES 💎

13 Sep 2024 10:54

You’ll always get the life you put EFFORT into getting. 👌


That’s why I live an exceptional life.

The only thing you can control in real time is your mind.

What do you think and how do you feel.

Life is gonna hurt you.

The difference between winners and losers is how that pain is used.

Please take a good care of your account and capital management. Don't risk more than what you have. All the best.

Are you ready to make your pockets full? .

NOVATRADES 💎

12 Sep 2024 19:47

QUESTIONS CAN COME IN NOW ⁉️

NOVATRADES 💎

12 Sep 2024 19:34

Smash TP again and again we took the banks by surprise 🫢

NOVATRADES 💎

12 Sep 2024 19:34

USDJPY, 30-minute timeframe chart

USDJPY retested the resistance level of 142.500

👉Level explanation

USDJPY has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 142.500.

👉Possible scenario

The best way to use this opportunity is to place a Sell order at 142.500.

Set your stop loss at 143.100 above the previous high ($4.21 loss for 0.01 lot) and take profit at 141.700 ($5.61 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.33.

The upcoming news will not influence your orders within the mentioned period.

NOVATRADES 💎

12 Sep 2024 19:34

AUDUSD, 15-minute timeframe chart

AUDUSD formed a bullish Doji pattern

👉General outlook
AUDUSD has been trading in a bearish trend for the last couple of hours. Now, the price displays a bullish Doji pattern. The price is ready to rise.

👉Possible scenario
The best way to use this opportunity is to place a Buy order at 0.66715.

Set your stop loss at 0.66550 below the previous low ($1.65 loss for 0.01 lot) and take profit at 0.66880 ($1.65 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.

The upcoming news will not influence your orders within the mentioned period.

NOVATRADES 💎

12 Sep 2024 19:33

Quickest TP I’ve ever gotten

NOVATRADES 💎

12 Sep 2024 18:08

Instant TP smashed set BE to hold for more profit 🙏🏻

NOVATRADES 💎

12 Sep 2024 18:08

Winning is a way of life here secure profit with breakeven ya 👍🏻

NOVATRADES 💎

12 Sep 2024 18:06

EURUSD RECAP :

EUR/USD trades at make or a break near 1.1000 ahead of the ECB’s interest rate policy decision. The pair has corrected to near the upper line of a Rising Channel formation in the daily timeframe, from where it delivered a breakout on August 14, which resulted in a sharp upside move. The 20-day Exponential Moving Average (EMA) near 1.1047 acts as a major resistance for the Euro bulls.

The 14-day Relative Strength Index (RSI) falls further below 50.00, suggesting that the near-term outlook is uncertain.

NOVATRADES 💎

12 Sep 2024 18:06

🇬🇧🇺🇲 GBPUSD TECHNICAL OUTLOOK

The Pound Sterling edges higher against the US Dollar to near 1.3050, recovering from 1.3000. However, the near-term outlook of the Cable has become gloomy as the pair’s price action falls below the trendline plotted from the December 28, 2023, high of 1.2828 – from where it delivered a sharp upside move after a breakout on August 21. Also, a downside move below the 20-day Exponential Moving Average (EMA) near 1.3070 has weakened the Pound Sterling’s appeal.

The 14-day Relative Strength Index (RSI) declines into the 40.00-60.00 range, suggesting that the bullish momentum has concluded for now. However, the long-term bullish trend remains intact.

NOVATRADES 💎

12 Sep 2024 18:06

🇪🇺🇺🇲 EUR/USD Price Forecast: Technical outlook
The EUR/USD is neutrally biased, though it remains above the 1.1000 figure, which is ahead of the ECB’s decision. The momentum shifted to bearish, as seen in the Relative Strength Index (RSI), though its slope aims upward.
If the EUR/USD rallies past the September 11 peak at 1.1054, that would sponsor a move to the 1.1100 mark. Conversely, if the pair tumbles below 1.1000, the bulls’ first line of defense would be the 50-day moving average (DMA) at 1.0967, followed by the July 17 swing high turned support at 1.0948.

NOVATRADES 💎

04 Feb 2024 20:47

What is volatility?
Volatility is how much an asset’s price will swing up and down over a period. Bears and bulls rarely have total control over a market. Instead, its price will oscillate as one group then another takes over.
Look at almost any market’s price chart, and you’ll see volatility in action. Highly volatile markets see significant moves, which create lots of profit opportunities – but will also bring increased risk. Traders with a high-risk appetite might look for volatile assets, while the more risk-averse will invest in markets that typical see less severe price movement.