The first week of 2024 the US market opened around the high and closed around the low. It is very similar in 2022 and 2023. And what is the market telling us from the first week of 2024 and the direction for the rest of the year? We are going match the fundamental reason with this technical observation over the last two years. Also, what is the key...
WTI has stabilized in the $70-$74 range over the past two weeks as the market remains uncertain about future supply and demand prospects. On the supply side, the tensions in the Red Sea are still there, and the change in the route of the ships will increase the transportation costs. On the other hand, Saudi Arabia announced on Monday that it will lower its...
GBPJPY The BoE left interest rates unchanged at the latest meeting as expected as they reiterated that they will keep interest rates high enough to return to the 2% target. daily chart, We can see that GBPJPY is now at a key resistance around the 184.45 level. This is where we can expect sellers to come in with defined risk above the level and the price will drop...
Hey there, So this year has definitely gotten off to an interesting start with gold ending off 2023 at it's highs point to date. This however, does forces us to ask the question, are we going to see a break of this key resistance zone or are we going to see a reaction to it? In today's video we look at several fundamental and technical reasons why we could...
Wednesday is expected to be another quiet day as the market gets ready for Thursday and Friday fundamentals.
In this video, I will be sharing my BTCUSD trading strategy by providing my complete technical and on-chain analysis so you can watch it to possibly improve your crypto trading skillset.
Firstly, fundamental economic indicators suggest that the US economy has been exhibiting signs of strength, which tends to favor the USD. Positive economic data releases, coupled with the ongoing efforts to boost economic recovery, contribute to a bullish sentiment surrounding the US dollar. As the USD is the base currency in the USD/CAD pair, any positive...
Bitcoin ETF Issuers Clear Major Hurdle on Path to SEC Approval Firms looking to launch spot-Bitcoin exchange-traded funds cleared a major hurdle this week on the path to gaining sign-off from US regulators in coming days. Securities and Exchange Commission staff told several exchanges and issuers seeking to list the ETFs that they should submit a final version of...
High volatility on Tuesday in the S&P 500 is not expected after the large move on Monday without new fundamental information to create that volatility.
This is for educational purpose only. this is a concept to support the dily bias and intraday market delivery. on the daily i'm looking for eur to go higher and DXY to go lower
🎉📈 "Bitcoin ETF Buzz: To Sell or Not to Sell?" 🤔💰 Hi everyone! 🌟 Today is a special episode, a special post, and a special idea. First of all, Happy New Year 🎊 to all of you! We have Bitcoin at 45K, nearing 46K 🚀, prompting us to consider our options. Is it time to sell the news 🤷♂️💼 with the Bitcoin ETF drawing closer? The market is rife with FUD 😨, and...
NASDAQ:PLBY has commenced the resumption of its primary bull-trend with broader markets as it moves into a key profit-taking level at $1.40 - I personally put on a position in PLBY friday 1/05/2024, entering at $1.15: Stop $1.08 to provide room for volatility and took profits today at my FIRST profit level of $1.27. With today's bullish price action, I'm...
In this video, I will be sharing my BTCUSD trading strategy by providing my complete technical and on-chain analysis so you can watch it to possibly improve your crypto trading skillset.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
If you ask anyone on the street, 'Do you think living expenses and food prices will be higher in a year or two from now?' 9 out of 10 will likely say 'Yes.' This means inflation is still a concern. Risk 1, U-turn in inflation. Risk 2, An expansion in geopolitical tension Risk 3, A delayed recession in 2024 Comex Gold Futures & Options Its Minimum...
A short foreword. I do believe Bitcoin will come back to retest around the 40k levels. It is currently consolidating in a range with equal lows. Below the equal lows lie a void on the futures chart that has not been filled yet. I'm expecting some sort of manipulation move to the downside then a bounce back up as i'm still overall bullish on Bitcoin for now....
The balanced formation in the S&P 500 on Friday implies the possibility of transition to higher prices. Therefore, be cautious on the short side for this market.