Hello everyone, it's Rena! Today, let's take a look at the EUR/USD market and forecast the trend together! Currently, EUR/USD is trading around 1.0850 due to the ECB's monetary easing and the Fed's aggressive rate hikes. Positive U.S. retail sales data for May is also supporting the USD. You might consider buying if it breaks out above 1.0850, with a target of...
Hello traders! Let's delve into the GBP/USD trend for June 13, 2024, following the higher-than-expected UK CPI data release. The GBP/USD market is experiencing volatility with various conflicting factors. GBP/USD is currently trading around 1.2250, up slightly from yesterday. GBP/USD is likely to continue its upward trajectory in the short term due to: ...
Hello traders! The EUR/USD market is experiencing strong volatility with various conflicting factors influencing its direction. Currently, EUR/USD is trading around 1.0575, slightly down from yesterday. Potential price movements for EUR/USD today: Significant volatility is likely due to: Eurozone CPI data: Higher-than-expected figures could support EUR/USD's...
Hello everyone! Rena here! Let's explore the trend for the gold market (XAU/USD) today! Currently, gold is trading around $2,330 USD/ounce, up slightly from the previous session. Several factors are supporting gold's short-term upward trend: Higher-than-Expected US Inflation: Higher-than-expected US inflation data for May is driving demand for safe-haven...
Hello everyone, today let's join Rena to review some information and predict the trend for the GBP/USD currency pair! If GBP/USD maintains above the support level of 1.2550, we might see a recovery towards the resistance level of 1.2650. Today's trend may continue to decline due to the difference in monetary policies between the Bank of England (BoE) and the...
Hello everyone, today let's join Rena to review some information and predict the trend for the EUR/USD currency pair! If EUR/USD maintains above the support level of 1.0850, we might see a recovery towards the resistance level of 1.0950. Today's trend may continue to decline due to the difference in monetary policies between the ECB and the Fed, along with...
EUR/CAD is poised for a short-term buy as it rebounds off the ascending trend line support near 1.4817, targeting the descending trend line resistance at 1.4967. This setup offers a high-probability entry with a clear risk-reward ratio, aiming for a quick profit as the price ascends to retest the upper resistance. Enter long around 1.4820 with a tight stop loss...
Welcome to my USD/JPY market analysis. In this article, we will delve into the day's USD/JPY price action, conduct technical analysis, examine influencing factors, and provide forecasts for USD/JPY's future trajectory. USD/JPY experienced a rather volatile trading session on June 1. The pair opened at 135.20 JPY/USD, subsequently ascending to its intraday high of...
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If you haven`t bought HOOD before the previous earnings: Then analyzing the options chain and the chart patterns of HOOD Robinhood Markets prior to the earnings report this week, I would consider purchasing the 20usd strike price Calls with an expiration date of 2024-9-20, for a premium of approximately $2.22. If these options prove to be profitable prior to the...
If you haven't sold HUMA before the previous earnings: Then analyzing the options chain and the chart patterns of HUMA Humacyte prior to the earnings report this week, I would consider purchasing the 5usd strike price Calls with an expiration date of 2024-9-20, for a premium of approximately $1.22. If these options prove to be profitable prior to the earnings...
If you haven`t bought BABA before the previous earnings: Then analyzing the options chain and the chart patterns of BABA Alibaba Group Holding Limited prior to the earnings report this week, I would consider purchasing the 110usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $2.74. If these options prove to be profitable...
If you haven’t reentered Bitcoin in the buy area: Bitcoin has recently shown signs of being inside a bullish flag chart pattern, a technical setup that traders often interpret as a continuation signal. This formation typically suggests a period of consolidation before a significant price movement in the direction of the prevailing trend, which, in Bitcoin's...
If you haven't already purchased SPY after the 2023 forecast: forecast:https://www.tradingview.com/chart/idea/l6U1M9dJ/ then it's important to be aware that there's a significant bearish divergence in the RSI of SPY, the S&P 500 ETF, which initiated at $469. Anticipating a technical retracement to $495, given its prolonged period of being overbought!
If you haven`t sold ETH at the top: As the cryptocurrency market navigates through choppy waters, Ethereum, the second-largest cryptocurrency by market capitalization, finds itself ensnared within a bearish formation known as a falling wedge pattern. This technical setup, coupled with broader market uncertainties, casts a shadow over Ethereum’s short-term...
If you haven`t bought UBER before the previous earnings: Then analyzing the options chain and the chart patterns of UBER Technologies prior to the earnings report this week, I would consider purchasing the 80usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $6.85. If these options prove to be profitable prior to the...
If you haven`t bought AMZN before the previous earnings: Then analyzing the options chain and the chart patterns of AMZN Amazon prior to the earnings report this week, I would consider purchasing the 175usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $12.95. If these options prove to be profitable prior to the earnings...