mackmackeyy

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Traders, as we navigate through the second and third quarters, understanding the potential movements of the US 10-year yield TVC:US10Y becomes increasingly crucial. Join me as we analyze the factors shaping the bond market and anticipate the trajectory of the 10-year yield in the coming months. I'm excited to share a comprehensive outlook, encompassing a...

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I'm entering a short position of 4 lots on FX:EURUSD at 1.0865. This trade setup is based on my analysis of recent price action and key support levels. If we break below 1.0827, I believe this will confirm that the top for FX:EURUSD is finally in, signaling a strong bearish trend. Trade Details: Entry: 1.0865 (Short position) Confirmation Level: 1.0827...

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I'm observing a potential double top forming in the silver market at the 29.85 level. This pattern is typically a bearish reversal signal, indicating that silver might be poised for a downward move. Trade Details: Pattern: Double top at 29.85 Potential Target: 24.12 Technical Analysis: Double Top Formation (29.85): The price action (PA) shows that...

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The EUR/USD pair is poised for a potential downside move as key technical and fundamental factors align. Here's my analysis: Target Projection: With a clear break of 1.06, the EUR/USD could aim to take out the previous year's low, currently at 1.0450, and head straight for the level of 1.0377. This breakdown suggests that sellers are gaining control and may...

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Description: Looking to add to my short position on EUR/USD at 1.0772 with a take profit target set at 1.0664. This trade aligns with my bearish outlook on the pair, with the TP level strategically placed just below the monthly open. Stop loss set at 1.0801. Trade Details: Entry: Short at 1.0772 Take Profit: 1.0664 Stop Loss: 1.0801 Analysis: The...

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Market Analysis: Interest rates have been on an upward trajectory, driving fluctuations in currency pairs like EUR/USD. However, amidst this backdrop of rising rates, I anticipate a temporary pullback in yields, creating opportunities for strategic trading maneuvers. Long Position to 1.0739: Initiating our plan, we'll take a long position on EUR/USD, capitalizing...

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Trade Status: Our FX:EURUSD trade is active , with attention centered on the pivotal 1.0685 resistance level. We're closely monitoring for a breakout opportunity. Target and Rejection Scenario: Should FX:EURUSD breach 1.0685, our target extends to the monthly open at 1.0792. However, with the looming GDP data release on Thursday, we're prepared for the...

mackmackeyy

After a significant downturn in the Euro, our analysis indicates a potential retracement in the EUR/USD pair for the upcoming week of 4/15-4/19. Here's a detailed breakdown: 1. Recent Sell-off Context: The EUR/USD pair has experienced notable downward pressure in recent sessions, driven by a combination of factors including concerns over Eurozone economic...

mackmackeyy

With the upcoming release of crucial inflation data on Wednesday, the EUR/USD pair is poised for heightened volatility. The USD, known for its resilience in global markets, is expected to experience fluctuations as investors eagerly await insights into the Federal Reserve's stance on interest rates. Speculation surrounding the timing of potential rate cuts by the...

mackmackeyy

Traders, brace yourselves! As we approach Friday's NFP data, volatility is expected to surge in the EUR/USD pair. Tonight, keep an eye on a potential test of the critical 1.0808 support level. Looking ahead to tomorrow's session, I anticipate a continuation of the downward momentum observed since March, with a potential target around 1.07019. Reasoning: NFP...

mackmackeyy

Technical Breakout: On November 13, 2023, NASDAQ:TQQQ experienced a significant structural shift with the breach of the $40 resistance level. The subsequent bull run in the tech sector propelled NASDAQ:TQQQ to a peak of $61.22 on February 12, 2024. Fibonacci Retracement: After reaching the peak of $61.22 on February 12, 2024, NASDAQ:TQQQ made an...

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Hello traders! Let's take a look into the BITSTAMP:EURUSD landscape as we approach the FOMC minutes this week. My analysis suggests a retracement to the .50 Fibonacci level before the Wednesday FOMC release, followed by a period of choppy consolidation from Wednesday night to Thursday night. Then, I'm eyeing a move to the -.382 level by Friday night to end...