Hello dear traders! Overall, as Conan mentioned in the previous analysis EURUSD is mostly showing good growth prospects in all time frames, The main pair's price increase is supported by the softer Greenback. EU is currently trading around 1.08816, higher than 1.0875 on Monday in the early hours of trading in Asia and up 0.14% on the day as measured by...
Dear traders! Gold continues its bullish outlook, based on last Friday's previous close, with prices currently hovering around $2,436 USD. Later on Monday, gold traders will focus on speeches by Bostic, Barr, Waller, Jefferson and Mester of the Federal Reserve (Fed), which could provide some insight into the path future monetary policy direction. A cautious...
Dear traders! On the hourly timeframe we see a classic bullish pattern. At the time of writing the price is trading above the strong support zone of 2375 USD being protected by buyers on the bullish wave. Accordingly, the 2,400 USD mark is also an important level that Wall Street experts believe that this week's gold price could reach or exceed its all-time high....
Conan hello everyone! Now, GBP/USD extends gains for the second straight session, trading around 1.2710 during Asian hours on Monday. A weaker US dollar supports the pair. Sterling may face a challenge as the BoE is expected to cut interest rates by 60 basis points in 2024. With the current uptrend remaining stable and the EMA 34.89 showing no signs of reversal,...
Dear traders! On the price chart EURUSD broke the classic bearish wedge structure and reached 1.0867 below the key resistance zone at 1.0900. However, the very strong uptrend seems to be well supported by the 2 EMA 34.89 on almost every time frame and above the key breakout area at 1.0800 which the bulls are holding on to with the aim of strengthening....
Hello dear friends! Let's explore the price action of gold after the recent days of major fluctuations! Regarding developments and results last week: the international gold market received a lot of economic information from major economies such as the US, China, and Europe. In particular, the US announced producer price index data. (PPI) and consumer price index...
Dear traders! On the 4-hour timeframe we noticed an interesting candlestick pattern setup. Price action was confirmed high above the 1.2645-1.2650 support level. It is expected that in the near future the uptrend will be more certain, the target is at least in the area of 1.2800 - 1.2850
Hello traders. Today, gold closed the weekend trading session at 2,415 USD, up 37 USD compared to the previous day's opening price of 2,378 USD. Do you wonder why gold is increasing so strongly? After yesterday's news the combination of high inflation, massive debt issuance and rapid money printing by central banks is pushing market participants into precious...
Hello everyone, Brian here! After a sharp rise on Wednesday, the EUR/USD pair struggled to maintain its momentum and modestly closed lower on Thursday. By Friday, the pair stabilized around the 1.0850 mark and began the new week showing some recovery, hovering around 1.088. On the 4-hour chart, EUR/USD continues to display encouraging signs for buyers. The price...
Wheat plays a critical role in global agriculture and trade. Extreme weather has turned wheat prices bullish, rising more than 22% in a month after having languished for more than two years. After reaching their lowest level in more than three years in March 2024, prices have rebounded strongly. Wheat rally is driven by extreme weather events in multiple places...
The USD/JPY pair has been trading in positive territory for the third consecutive day, hovering around 155.80 during the early Asian session on Monday. The decline in this currency pair has been supported by weaker-than-expected GDP data from Japan for the first quarter. However, it has not yet broken out of the consolidation pattern evident on the analysis...
... for a 1.17 debit. Comments: Mixing and matching profitable put wing with profitable call wing from iron condors put on at different times (See Posts Below) to de-risk running into NVDA earnings on 5/22. (NVDA is around 21% of SMH holdings). The resulting setup is a July 19th 205/215/255/265 on which I've collected a net 3.23 in credits; delta/theta...
If you haven`t bought NU before the previous earnings: Then analyzing the options chain and the chart patterns of NU Holdings prior to the earnings report this week, I would consider purchasing the 11.50usd strike price Calls with an expiration date of 2024-5-17, for a premium of approximately $0.67. If these options prove to be profitable prior to the earnings...
If you haven`t bought DOCS before the previous earnings: Then analyzing the options chain and the chart patterns of DOCS Doximity prior to the earnings report this week, I would consider purchasing the 25usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $1.15. If these options prove to be profitable prior to the earnings...
If you haven`t bought GOTU before the previous earnings: Then analyzing the options chain and the chart patterns of GOTU Gaotu Techedu prior to the earnings report this week, I would consider purchasing the 9usd strike price Calls with an expiration date of 2024-7-19, for a premium of approximately $1.12. The chart looks bearish, but my bet is on a China...
... for a 1.01 credit. Comments: Adding a short put here in the vicinity of the 25 delta out in July with a break even better than what I currently have on for my covered call. (See Post Below). Will generally look to take profit at 50% max.
... for a 26.12 debit. Comments: Re-upping after closing out my longer-dated covered call (which I had rolled all the way out to December). Selling the -30 delta call against long stock here. As before, will look to roll out the short call for duration at 50% max, collect the monthly dividend along the way ... . I'll also look at selling short put, assuming I...
... for a 27.54 debit. Comments: High IVR/IV at 97.9/81.9% and a monthly dividend to take advantage of. However, the monthly dividend has varied widely -- with the last two distributions paying .36 (February 8th) and .73 (March 8th) with an annual dividend of 8.72 (.73 average monthly) (31.7% annualized as a function of current price). I'm primarily looking to...