The Swiss franc continues to rally and is trading in North America at 0.9139, down 0.37%. USD/CHF has fallen some 200 points in just one week.
SNB goes for oversize hike
The Swiss National Bank raised rates by 50 basis points today, bringing the cash rate to 1.50%. It was a toss-up whether the SNB would raise rates by 25 or 50 bp, and in the end, policy makers...
The US Federal Reserve hands down its latest policy decision on Wednesday March 22, against a highly uncertain backdrop and fears over the financial system, following the collapse of SVB
Hello traders, today we will talk about Trading Psychology
The most famous book on trading psychology, “Tradingpsychologie” aptly remarks, ‘The greatest enemy of the trader is fear. He who is afraid loses!’.
As a trader, you must have gone through emotions such as fear, greed, regret, hope, overconfidence, doubt, nervousness etc.
While every trader goes...
Hello traders, today we will talk about Path to Altseason
BASIC INFO
Altcoin season, or ‘Altseason’, is the home of face-melting gains & high volatility. It’s pretty much Christmas for crypto traders.
Within a brief period (usually a few weeks or months), the prices of altcoins (all coins besides Bitcoin) skyrocket as investors move their money out of...
The bear market rally in Bonds concluded with a rising wedge. The pattern would indicate a return to the lows, which is exactly what the Fed should force. The view that the Fed has turned dovish is incorrect. The Fed fully understands (or hopefully so) that a moderate or even severe recession is far better for the U.S. long-term than would be the cessation of...
Over the past few days, the market situation calmed down a bit, and stocks reacted positively to the rescue of Credit Suisse and regional banks in the United States. We previously noted that a relief in Bitcoin would be closely tied to the rebound in stocks, which continues to be the case. People remain bullish, arguing that the recent aggressive uptick in prices...
Tesla more than doubled between January and mid-February. It retraced almost half that move last month and is now trying to bounce. Will the move continue?
The first pattern on today’s chart is the 50-day simple moving average (SMA), which the electric-car maker tested and held at the start of last week. The 50-day SMA is also rising for the first time since last...
On the above 3-day chart alt-token market dominance is testing resistance for the 3rd time (although technically speaking it is the 5th test if the two tests in January 2018 are counted). We all remember what happened to our alt positions in May and September is probably still fresh in our minds, a strong sell off.
The 60% dominance level (blue line) represents...
The US Federal Reserve is about to begin its two-day policy meeting and will announce its latest interest rate decision 48 hours later. During the meeting, officials will weigh the possibility of raising interest rates due to inflation, which is still considered high, or whether the current turmoil in financial markets should be given more weight. Unfortunately,...
Hey everyone! 👋
⚠️ Before we get started, please know the information about expected price targets provided by Auto Chart Patterns isn't a recommendation for what you should personally do. Do not take this data as investment advice. It should only be used for education and research. As with any trade, always look first and then leap. Read more in the Terms of...
Walt Disney's Stock: A Look at its Recent Challenges and Future Prospects under New CEO Bob Iger
With a market capitalization of around $170 billion, Walt Disney is one of the largest entertainment companies globally. However, with its stock price down over 30 percent from last year, investors may be questioning the value of the company's stock.
After Bob Iger's...
The Role of ChatGPT in Algorithmic Trading
1. Introduction
In recent years, algorithmic trading has become an increasingly important aspect of the financial markets. Algorithmic trading involves using computer programs to execute trades based on predetermined rules and algorithms, with the goal of maximizing returns and minimizing risk. The use of algorithms...
The past week’s selloff in banks has inflicted some punishment on the broader financial sector. But how severe is it? Will the crisis become an opportunity for patient buyers?
Today’s chart of the SPDR Financial Select Sector Fund might help answer those questions. It uses weekly candles to help provide a long-term perspective.
The main pattern with potential...
The Australian dollar has taken investors on a roller-coaster ride this week, reflective of the gyrations we're seeing in the financial markets. In the North American session, AUD/USD is trading at 0.6656, up 0.56%.
Australia's employment report for February was stronger than expected. The economy produced 64,600 news jobs, after a decline of 10,900 in January....
It has to be said.
If you want excitement, take $10,000 and go to Las Vegas for a day.
Trading should not bring about the same level of excitement.
I’m not saying, the entire process should be boring.
In life and with the careers you choose, you have to love what you do.
You have to keep the reward and vison in your mind, to drive you each morning.
And you...
Here we are looking at BTCUSD on the 6hr TF…
With the higher highs and lower lows that BTC has been putting in, I was able to find this potential reversal diamond pattern in the chart. If this structure is valid, there is still plenty of room left for chop in the coming weeks before a stronger move.
For those of you who don’t know, reversal diamonds have a...
Many friends enjoy short-term trading, mostly due to the short holding time, quick results, and the thrill of the process. However, short-term trading is the most challenging among all trading methods and requires careful consideration.
Today, I will share my early experience of short-term trading with you. Specific methods and strategies will be provided in the...
