The Federal Reserve opted to maintain interest rates at their current levels and delay any potential rate cuts until at least December. Officials foresee only a modest quarter-percentage-point reduction for the year, emphasizing the importance of managing inflationary pressures. Fed Chair Jerome Powell highlighted that despite robust growth and low unemployment...
BITSTAMP:XRPUSD is one of the most interesting cryptocurrencies for potential setups in the near future. For a couple of years now, XrpUsd has been trading in a symmetrical triangle trading pattern. Always when XrpUsd retested support in the past, we simply saw a very nice rejection away towards the upside. And as we are speaking, XrpUsd is once again...
The GBP/USD continues to decline, hitting a one-month low below $1.2700. Factors contributing to the British Pound's weakness include declining inflation expectations, potential policy shifts by the Reform Party, and broader economic uncertainties. Amidst indications of a possible rate cut by the Bank of England this summer, both inflation and the labor market...
The U.S. dollar made a strong comeback on Friday as the latest economic data revealed a much higher job creation rate than anticipated. The U.S. economy added 272,000 jobs last month, significantly surpassing expectations. This robust job growth suggests that the Federal Reserve might delay starting its easing cycle this year. Additionally, the average hourly...
In this video, we delve into the upcoming Federal Reserve meeting and its potential impact on the price of Gold. The decisions made during this meeting could significantly influence the market. Gold recently experienced its lowest finish in about a month, influenced by stronger-than-expected monthly U.S. jobs data and reports of China's central bank pausing its...
Gold has delivered impressive gains of over 18% so far in 2024, and June looks promising for investors. With finite supply and fluctuating demand, gold prices are sensitive to economic and geopolitical news. This video dives deep into the current market dynamics and what to expect in the coming month. In June, geopolitical unrest could significantly impact gold...
NZDJPY Entry point :- 95.507 Stop lose :- 96.807 Risk :- 0.50% Target 1 :- 94.207 Target 2 :- 92.907
1. Trend: Bullish 2. Set up: Reversal 3. RR: 1:8+ 4. Perfect reversal from the support trend line. 5. Big rounding bottom breakout is expected this time and 166% TP may get hit
DMart looks like it has bottomed out, presenting an opportunity for a long trade with a tight stop loss in place! Trade Idea Explanation: - Entry Point: Best around 4300+ - Stop Loss: Tight SL to 4100 on closing basis of D tf candle - **Target:** Expecting a significant upside around 5900++ Stay updated for further insights and trade safely! If you have...
1. Set up: Breakout 2. Trend: Sideways to bullish 3. Reversal H&S formation
CAT on the daily chart has trended down more or less since the last earnings beat 6-7 weeks ago. It has now found support at the 0.5 and 0.612 Fibonacci levels confluent with the mean VWAP anchored back 6 months. The Bollinger Band Trend shows a narrow band with for the first time this year. The Relative Trend Index is negative but about to go neutral. I see...
SQQQ on the 15 minute chart has trended down into a reversal at the end of the last trading session. A snapshot of the 3 minute chart inlaid shows a reversal about 14:45 EDT 75 minutes before market close. I took a long trade of shares and call options striking $10.00 for June 14th at that point. I am expecting a 5% quick return on the shares and far more on...
FFIE had an explosive move from about 0.50 to 4.00 before retracing down to the 1.10 range where it got support from the 0.786 Fibonacci level. That is to say it retraced beyond the typical 0.5 to 0.618 levels. The question now is can it move higher and will buyers pile into the stock at this relative discount. I think that they will. As a result, FFIE could...
1.If you think market will fall from tomorrow, without a pullback chances are rare. 2. This week or the next it will be in today's range most likely 3. If bull run is over, it will take to give confirmation in form to distribution and dump the big money at the top 4. Or if trend to continue then we have levels to reverse from the marked levels
USDJPY just reaching another high. I go for sells in here. 23 pip SL/ 23 pip Exit 1
After the release of encouraging US economic data recently, Gold prices are showing signs of stabilization following consecutive days of losses triggered by the hawkish tone in the Fed Meeting Minute. FOMC Minutes revealed that Fed officials are uncertain about the level of policy restrictiveness and anticipate a prolonged wait before gaining confidence in...
1. Trend: sideways to bullish 2. Set up: Reversal 3. SL: follow on closing basis
Hello Traders and Investors, today I will take a look at Alibaba. -------- Explanation of my video analysis: Back in 2020 Alibaba stock created a textbook breakout of an ascending triangle formation which was followed by more continuation towards the upside. Then Alibaba stock topped out in 2021 and we saw a massive decline of -80% from the previous highs. At...