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BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
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Japanese yen is almost weakened since the first day of trading this week. Much more disappointing data seen on the world's third largest economy and the outlook its heading into 2023. Tokyo is under a lot of pressure lately, with a wide range of metrics pointing to weakness in Japan.
127.639
Entry Price
134.523
TP
126.204
SL
--
Pips
EXPIRED
126.204
SL
130.871
Exit Price
127.639
Entry Price
134.523
TP
The current influences on the oil market are mixed, with bullish factors surfacing and bearish factors still to be expected.
77.000
Entry Price
85.000
TP
73.000
SL
400.0
Pips
Loss
73.000
SL
72.987
Exit Price
77.000
Entry Price
85.000
TP
Continuing jobless claims data suppressed the USD, and gold and silver prices shocked higher again, but the move was not smooth. Besides, the upside is not firm enough, and the height of each rally is decreasing, be careful of the retracement.
1833.00
Entry Price
1774.00
TP
1863.00
SL
300.0
Pips
Loss
1774.00
TP
1863.20
Exit Price
1833.00
Entry Price
1863.00
SL
The monthly inflation report showed that CPI fell to 6.9% in November, although the quarterly inflation data had a greater impact. The market is looking for some clues as to when the Reserve Bank of Australia may end its current tightening cycle. At its December meeting, the RBA raised interest rates by a modest 25 basis points for the third consecutive time.
0.67000
Entry Price
0.68660
TP
0.66500
SL
102.8
Pips
Profit
0.66500
SL
0.68028
Exit Price
0.67000
Entry Price
0.68660
TP
The USDJPY is in a recovery phase this week, nevertheless, it was in negative territory on Wednesday. The pair traded above 134.11 in the New York session, up 0.59%.
134.300
Entry Price
130.560
TP
137.500
SL
210.0
Pips
Profit
130.560
TP
132.200
Exit Price
134.300
Entry Price
137.500
SL
After consolidation at high levels, technical bearish signals are gradually strengthening, and the market may face the risk of correction in the short term.
1.06500
Entry Price
1.03000
TP
1.10000
SL
47.2
Pips
Profit
1.03000
TP
1.06028
Exit Price
1.06500
Entry Price
1.10000
SL
The smoothness of the crypto market still needs time to recover after the storm, and it is difficult to say that it will be improved soon.
1230.00
Entry Price
1150.00
TP
1300.00
SL
700.0
Pips
Loss
1150.00
TP
1302.00
Exit Price
1230.00
Entry Price
1300.00
SL
Chandan Gupta
Analyst
BeingTrader Trading Coach & Speaker, a Technical Analyst since last 7 years. I am a charting lover.. I started my career as a P2P Crypto trader and started learning candle movements and trends all by myself. My style of trading consists of Support/Resistance, Order Blocks, Trends, very little pattern findings and Price Action.
Ranking
7
Articles
69
Win Rate
40.38%
P/L Ratio
1.70
Focus on
XAUUSD, USDJPY, GBPUSD
Gold Traders Navigate Fed Caution Amidst Inflation Concerns
PROFIT +110.7 PipsBritish and US Data Dictate GBP/USD Destiny
PROFIT +40.7 PipsGold Struggles by Testing Resistance at $2200 Barrier
LOSS -39.5 PipsSterling Exhibits Dead Cat Bounce in GBP/USD Forex Pair
PROFIT +29.9 PipsCrude Oil Weekly Outlook Shows Minor Retreat From Recent Highs
LOSS -137.0 PipsThe risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
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