Market attention turns to the Federal Reserve's monetary policy decision on May 1 and upcoming nonfarm payrolls data. Data released last week showed US gross domestic product fell short of target, while the core personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, stagnated at growth of 2.8% year-on-year for the second...
It's hard to deny this powerful topping pattern in the making. usually, H&S are continuation patterns (contrary to popular belief) unless they are at a top. Which SMCI is. So with that in mind, I will urge extreme caution for the bulls. It is better to be out of the market wishing you were in than in the market wishing you were out.
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BTCUSD NEXT MOVE 4H Time Frame Bank Strategy Please observe the capital carefully and do not risk more than 1% of your capital Good luck to everyone
Pump to liquidate shorts and then a big dump to area of imbalance
Potential Buy and Sell Zones. Previous Day Highs took out Buy Side Liquidity following the NFP results on Friday.
Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Resistance Level and Rejection
The rand has surpassed my expectations recently and reminded me that the USDZAR pair tends to take the stairs up, and the elevator down. The risk-on swing last week allowed the rand to keep the pair below the 200-day MA resistance rate of 18.80 which saw the pair fall back onto the psychological rate of 18.50. The downside break out of the blue wedge thus...
Fundamentals & Sentiment CAD: - BOC has been successfully coping with inflation, with the latest Core CPI YoY posting 2%. - The solid economic performance of Canada added urgency to hike rates until the target CPI has been achieved, so keeping rates high is becoming obsolete. There's still a decent potential to price in cuts until the next BOC rate...
ONE/USD (Harmony) is trading within a descending channel. There's a significant chance we'll see a retest at the top of the channel (resistance). While the price consolidates in the channel's mid. range, my next targets would be those 2 supply zones: $0.02195; $0.02590. Keep an eye on this channel.
Hey team Hope you are Enjoying our ideas and Analysis, Today we are Monitoring BTCUSD #BTC/USDT ANALYSIS BTC has broken out of the descending channel and is currently retesting above it. The MA 50 is acting as support. The Ichimoku cloud is serving as resistance. A successful retest or a break above the Ichimoku cloud would confirm bullish momentum. If the...
While we await earnings from Nvidia (on 22 May) that will be influential on future market direction, we move into the tail-end of US quarterly earnings, but also past a dovish Fed meeting, a strong US ECI report and weaker-than-expected US nonfarm payrolls and 2 hefty bouts of MoF/BoJ intervention. Yet, despite these landmines, a gentle calm descends over...
Gold has been exhibiting patterns indicative of a consolidating market with potential bearish undertones. The analysis below outlines the technical signals based on recent price actions and employs various technical indicators to gauge the potential future movements of gold prices. Descending Triangle Formation: Gold prices have been forming a descending triangle...
XAUUSD (UPDATE).... Intraday Short Term Gold has Retested a Trend line of 2309 From where we willbe Expecting a local Pullback And a move Down 🔥 Good Luck Guys 🔥
The critical support level to watch here is the 50-day MA at 4.38%, as a failed break below this yield will allow yields to spike to 5% off the back of a continued sell-off in US long-term paper despite the Feds efforts to aid the US bond market. Keep an eye on the tail in this week’s US 10-year note auction! The markets were hit by a dovish FOMC statement last...
The recent weak US data and last week’s dovish FOMC statement has seen the DXY ease and the index has pulled back (4th wave). The support level to watch now is the 50-day MA level of 104.54 and the 61.8% fibo retracement of 104.77. A failed break below this support range will allow the DXY to complete the 5-wave impulse on the chart which will take the DXY to...
Good Day to The Investing World A wise man once said: "Nothing lasts forever". I have been gone, but havent been for long! Anyways, the biggest Bitcoin ETF in the world has just reported massive BTC inflows into their ETF. This is massive news as it means more cash flow is entering BTC, which also gives us a hint of an order block. If BTC does go short in the...
I would like to see price drop without attacking the lows of the current range. I would then expect a drive higher. But low probability to me.