ADKThe YouTuber talks about their recent success in trading forex and analyzing the US-30, gold, AUD/USD, and NAS charts. They discuss potential breakout levels and trading strategies.
Analyzing Market Trends: A Look at US-30, Gold, AUD/JPY, and NAS
As the global market continues to experience fluctuations, many traders are keeping a close eye on different currencies and commodities. In this article, we will analyze how US-30, gold, AUD/JPY, and NAS have been performing in the recent past and what traders can expect in the future.
US-30
US-30 has been on a hot streak with several back-to-back wins. Currently, it is in a range market on the four-hour time frame. Although there was a break out, the price committed a false break and moved back into the original range zone. Traders should watch out for the sales in the zone and look for opportunities to go short.
Gold
On the four-hour time frame, gold continues to maintain bullish gains as it is trading above the 50 and 200 moving averages. Despite a couple of rejections, the market has pushed forward, making higher highs and higher lows. The hourly time frame shows how the market broke through a significant resistance level that now stands as a potential support turned resistance. Traders may want to consider buying at retests around the four-hour zone and look for potential trades.
AUD/JPY
AUD/JPY has been on a downward trend and is trading below the 50 and 200 moving averages. On the daily time frame, it has failed to break through the multiple resistance levels, with traders keeping an eye on how the market performs in the future. Traders should consider going short and waiting for the market to hit the possible lows before making a move.
NAS
NAS has shown several market movements, with traders interpreting every change before making trades. On the daily time frame, it has recovered from the bottom, with traders now waiting for a possible breakout above the significant resistance level. The hourly time frame also shows a keen interest around the 50 moving average levels, with traders keeping a close eye on the market trends.
Conclusion
These market trends are subject to change, and traders should keep monitoring any variations in the market before making trades. With the news on building permits, traders can expect some volatility before settling down. Nonetheless, traders should continue watching these markets for any potential opportunities.
