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10/06/21 10:53
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Posts
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By DominicWalsh · Posted
Gold (#XAUUSD): 2 Scenarios For This Week Explained⚠️Gold closed this week, approaching a solid daily resistance.Depending on the reaction of the price to that structure, I see 2 potential scenarios for next week.Bullish ScenarioIf the price breaks and closes above 2010 resistance on a daily,a bullish continuation will be expected to 2060 level.Bearish ScenarioThe price may respect the underlined resistance.1917 - 1940 is the closest strong support.If the price drops and closes below that area,a bearish continuation will be expected to 1891.Wait for a breakout and then follow the market.For Additional confirmation use: ROC Indicator -
By tradinglounge · Posted
Pinduoduo Inc., Elliott Wave Technical Analysis Pinduoduo Inc., (PDD:NASDAQ): Daily Chart, 27 March 23, PDD Stock Market Analysis: We can identify a clear three wave move to the downside into what could be wave 2. In addition to that, there seems to be a complete five wave pattern within wave {c}. PDD Elliott Wave Count: Wave (v) of {c}. PDD Technical Indicators: 200EMa as support. PDD Trading Strategy: Looking for upside confirmation. TradingLounge Analyst: Alessio Barretta Pinduoduo Inc., PDD: 4-hour Chart, 27 March 23, Pinduoduo Inc., Elliott Wave Technical Analysis PDD Stock Market Analysis: We are looking at a potential bottom in place as we have passed equality of {c} vs. {a}. PDD Elliott Wave count: Wave (v) of {c}. PDD Technical Indicators: Below all averages with RSI bullish divergence. PDD Trading Strategy: Looking for shorts as long as we stay below the 20EMA. -
Ahead of the Australian Retail Sales data release, the market is expecting a fall of -0.1% in February following a 1.9% rise in January. Source: Bloomberg Forex Retail AUD/USD United States dollar Inflation Australian dollar Tony Sycamore | Market Analyst, Australia | Publication date: Monday 27 March 2023 Retail sales release date Retail trade data will be released on Tuesday, 28th of March at 11:30am AEDT. March board meeting After a crazy week where the global banking crisis took centre stage, there is a renewed focus on Australian macro data ahead of next week’s RBA Board Meeting. Recent events in the banking sector, which make for a more uncertain outlook, have made the RBA’s dovish shift and discussion of a pause at its March Board meeting timelier. The minutes from the March Board meeting noted that the Board agreed it would be appropriate to pause "at some point" to assess the effects of prior rate hikes. As part of its considerations, it would closely watch incoming employment, inflation, business surveys and retail sales data. Members “agreed that upcoming releases on employment, inflation, retail trade and business surveys would provide important additional information, as would developments in the global economy.” Confusing the picture, employment data released in mid-March was stronger than expected. However, business and consumer confidence were soft and this elevates the importance of the release of retail sales for February tomorrow. What is expected? The market is looking for a fall of -0.1% in February following a 1.9% rise in January. There is a wide range of estimates from -1.2% to +0.8%, reflecting the volatility of this series. Less we forget, retail sales fell by 3.9% in December, its largest monthly fall since August 2020. However, that fall was attributed to spending being brought forward to take advantage of Black Friday and cyber-Monday sales. Source: Trading Economics While an RBA pause in April would appear more likely if retail sales and the monthly CPI indicator released on Wednesday come in at or lower than expected this week, the Australian interest rate market isn’t waiting for confirmation. It is now pricing in the very small chance of a rate cut at next week’s Board Meeting, with a full rate cut priced by October. What does it mean for the AUD/USD? The AUD/USD finished lower last week at .6645 (-0.84%) on risk aversion flows, a fall in the price of iron ore and after rejecting the resistance at .6760/85 coming from the 200-day moving average and the highs of March. While below resistance at .6760/85, the risks remain to the downside for the AUD/USD, with .6520/00 as the next downside target. Aware that should the AUD/USD see a sustained move above resistance at .6560/85, it would negate the bearish bias and allow a more constructive picture to emerge. AUD/USD daily chart Source: TradingView TradingView: the figures stated are as of March 27th, 2023. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation.
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Question
Guest CaptiveWolf
Hello,
My account was created a while ago and under the demo section I currently have a spread betting and CFD account. I have attempted to create a demo standard share dealing account by clicking the 'Add another account' > 'Get Started' button however this creates a live account and not a demo account.
How can I create a demo share dealing account for testing purposes?
Thanks,
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