FX:XAUUSD rises to 2340 on the back of yesterday's CPI and Powell's comments form a shakeup in the market and the price of the metal drops to 2308, forming a false breakdown of the key liquidity area of 2325. Today the market is expecting PPI (MoM) and Initial Jobless Claims. Producer Price Index is expected to be lower than last period 0.1% instead of 0.4%,...
A short video looking at the current area of support and resistance that the EURUSD is currently testing. We look for a break and close either below or above an area and then a retest of that area before getting into the market.
Event to pay attention to today: 17:00 GMT+3. USD - UoM Consumer Sentiment USDJPY: The USDJPY pair is gaining strength around 158.000 during Asian trading on Friday. The pair is rising after the Bank of Japan (BoJ) announced its policy decision. According to reports from the Nikkei, the BoJ is considering reducing its government bond holdings. Currently,...
9 years breakout once it flips this level into support. lets see how it goes. #dyor
GOLD is probably preparing for a last small crash to the main support of the expanding triangle in the major timeframe. This is a great opportunity to buy GOLD at the bottom of an expanding triangle because it is also in confluence with the 0.382 Fibonacci retracement. This Fibonacci level is very strong together with 0.618 because 0.618 + 0.382 = 1. You can buy...
Stability vs. Uncertainty: A unity government formed by multiple parties may initially be perceived positively by investors if it is seen as a move towards political stability and consensus-building. This could lead to increased confidence in the country's economic prospects, potentially supporting the currency. Policy Clarity: A coalition government might face...
EUR USD - here we can see that price cleared the liquidity at support zone, now price move to up ward direction, make a long entry after breakout nd retest as shown , follow for more live updates...
Fundamentals & Sentiment SPX500: - Earnings were strong - Nvidia is in uptrend USD: - Yields are falling - Big miss on PPI data + previous cold CPI Technical & Other Setup: TC(B) Setup timeframe: 1h Trigger: 5m Medium-term: Up Long-term: Up Min target: Fib ext Risk: 0.38%
Fundamentals & Sentiment NASDAQ100: - Nvidia holds a strong uptrend USD: - Yields & USD are underperforming from yesterday - The upcoming CPI consensus is lower than the previous Technical & Other Setup: TC(B) Setup timeframe: 4h Trigger: 4h Medium-term: Up Long-term: Up Min target: Fib ext Risk: 1.04% *Pretty wide SL as I expect attempts to flush out...
World gold spot price is around 2,303.1 USD/ounce, down 11.9 USD/ounce compared to overnight. Gold futures price in August 2024 on the Comex New York floor is at 2,318.5 USD/ounce. The gold price on Kitco at 9:00 p.m. (June 13, Vietnam time) was trading at 2,315 USD/ounce, down 0.25% compared to the first session. Gold futures price for delivery in August...
Key Points: Buy Entry: Consider entering a Long position around the current price of 104.30, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 105.15 2nd Support – 105.50 Stop-Loss: To manage risk, place a stop-loss order below 103.97. This helps limit potential losses if the...
World gold price moved sideways around 2,306 USD/ounce after falling sharply yesterday session. The gold market is under pressure as recent US economic data shows that the Fed will only have one interest rate cut this year. However, some economists note that the possibility of two interest rate cuts is still possible. According to data from the US Department of...
BB on the 15 minute chart has earnings in three weeks. Price has been meandering sideways for two weeks after some significant volatility in mid-May. I believe it is now due for a change of phase/cycle as the earnings approach. I will place a long trade here targeting initially 3.10 just below a significant level to the left being the consolidations before and...
The GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After...
The NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry : Consider entering a short position around the current price of 96.70, positioned close to the breakout level....
not sure if this'll get a run-up into the LayerZero launch but the bidded on the slowing sell pressure (see C-fork) with presumed resistances at or near the May Monthly high, and the Weekly equal highs (if it sustains). if no unlocks/whales seling/etc., this should work out.
Arcutis Biotherapeutics Inc is a medical dermatology company. It is developing treatments for patients with immune-mediated dermatological diseases and conditions. It is leveraging recent advances in immunology and inflammation to develop differentiated therapies against biologically validated targets to solve persistent treatment challenges in serious diseases of...
NASDAQ:RENT This stock has been on a secular decline since it's debut 2 years ago; but recently the stocks started a bullish trend. It has a massive daily ATR of 17%, so expect major volatility. But this is the kind of stock that can also do a 50% move in a heartbeat hence my interest. Fundamentally as can be seen on the chart below, the stock loses money but...