Nice 255 PIPS rejection from our POI & supply zone. Also, we have seen a break above the trendline, acting as a stronger confluence for our bullish bias. U.S. Interest Rate decision tomorrow & NFP this Friday so be careful!
TOTAL3 pumping so in the coming days we might see this as a Swing Trade
CPI headline inflation come in higher than previous so expect another rate hike. When the institutions step in with their ETF money expect them to gab all the liquidity from prior month lows to bring price into discount because that it there angle. prices should come down into these discounted Arrays for buys in line with bitcoin halving this summer or...
In today's trading session, our attention is focused on EURUSD, with a keen eye on a potential selling opportunity around the 1.09700 zone. After breaking out of its uptrend, the pair is currently in a correction phase, edging closer to the retrace area at the 1.09700 support and resistance zone. Adding a fundamental layer to our analysis, the recent Consumer...
Gold Setup H1 Time Frame | CPI Data News Hey Traders ❗️ Welcome back hope you're doing well This is our 5 analysis on Gold Setup These idea not based on sell or buy Its based on #Levels and prediction On this Setup we catched more then 700 #pips As you guys seem #Gold currnet point at 2033.65 We draw the two circles at 2040 and draw the line at 2047.00...
Analyzing the oil market, we see that WTI (West Texas Intermediate) is priced around $72.55 per barrel, while Brent is at $77.71 per barrel. Several key factors are influencing the current oil market scenario. Saudi Price Reduction: Saudi Arabia's decision to lower the prices of its oil exports to Asia has contributed to a bounce back in prices from the Monday...
In today's trading session, our attention is directed towards XAUUSD, where we're eyeing a buying opportunity around the 2008 zone. Gold, emblematic of a broader uptrend, currently finds itself in a correction phase, steadily approaching the key trend at the 2008 support and resistance area. This technical perspective serves as our initial guide. Diving into the...
Observing the price of West Texas Intermediate (WTI), I notice an upward trend, with the price having retested the bullish trendline after breaking through the $74 level. Now, I expect a slight pullback towards $71.50 before a significant rebound towards $79 per barrel. However, from a macroeconomic perspective, I've also detected growing concerns about the...
Greetings Traders, In today's trading session, our attention is focused on AUDUSD, where we are actively monitoring for a potential buying opportunity around the 0.66200 zone. As AUDUSD navigates an uptrend, the ongoing correction phase positions it in proximity to the trend at the 0.66200 support and resistance area. This in-depth analysis will explore the...
Gold Setup | After FOMC Minutes News Current point at 2037.30 #Gold tried best to break the point 2030-2032 but seems as failed although its a Strong Resistance and it may take a Strong News to break We Expected to move up side almost more then 100 pips Set Target at 2050-2055.00 Always use Proper lot Size And Risk Management Cheers ..
The analysis of the USDCAD pair indicates a bearish trend for the Canadian Dollar (CAD) against the US Dollar (USD), with the CAD declining for five consecutive days. The US Dollar's strength is partly due to better-than-expected US ISM Manufacturing PMI for December, despite it still indicating contraction. Canadian economic data is lacking, with no significant...
Current Market Behavior and Influences: Gold recently experienced a downturn, falling toward $2,050 during a particular trading session. This decline was primarily influenced by a rise in the 10-year US Treasury bond yield, nearing 4%. Higher bond yields usually reduce the appeal of non-yielding assets like gold, leading to a decrease in its price. Anticipation...
The euro has steadied on Wednesday after sustaining sharp losses a day earlier. In the European session, EUR/USD is trading at 1.0932, down 0.08% and its lowest level since December 21. The US dollar has been struggling in recent weeks but came flying out of the gates on Tuesday, the first trading day of the New Year. The euro fell 0.88% against the dollar, its...
Greetings Traders, As we delve into the intricacies of GBPUSD for potential trading opportunities, the convergence of fundamental factors takes center stage. This analysis encapsulates the interplay between interest rates, Consumer Price Index (CPI) data, and central bank decisions for both the Bank of England (BoE) and the Federal Reserve. Examining the BoE's...
Is it going to be the same story again for the USDJPY? In 2022, the USDJPY climbed to reach just below 152 before turning down to the 128 support level. The similar price movement played out in 2023 as the USDJPY rose from the 128 support level to retest the 152 resistance level. The USDJPY has reversed down to the 140 price area (50% Fibonacci retracement...
WTI Oil has climbed above $74 amid a volatile week leading to Christmas, influenced by Angola's planned exit from OPEC and rising tensions in the Red Sea. The US Dollar Index is nearing a significant fall, potentially reversing recent gains. Oil prices are approaching $84 due to increased geopolitical risks and disruptions in major shipping routes. The redirection...
Macro Monday 25 The Feds Favorite Inflation Barometer – Core PCE The US Core Personal Consumption Expenditures (PCE) are released this Friday 22nd December 2023. Currently Core PCE is the most important component to the Federal Reserve in making their interest rate decisions and thus it will provide a great insight into what lies ahead in terms of interest rate...
The great depression VS today's market structure! - trying to find synergies between both timeline's The Stock Market Boom and Crash of 1926-1933: An Applied Time Series Investigation I found this interesting how it aligns with today's market...