Based off fundamentals and apparent momentum in the market, my bias remains as bearish for the EurUsd currency pair. The Monthly candle has reteaced nearly all of it's gains as we come to a close in 2 days. The the top wick signals rejection from the high of the Monthly resistance to me (1.103). This coincided with Jobs data and Increasing inflation data and the...
The bias for the S&P 500 remains bullish. However, the price structure as the market finish trading for the week is potentially bearish as discussed in the video. Although will be closed on Friday it will be interesting to see how the market reacts to fundamental information on Friday when it opens again 5 o'clock Chicago time Sunday night.
How the S&P 500 futures market finishes on Thursday will provide us with clues about the level of confidence from buyers as we go into additional information on Friday when the markets going to be closed and into a holiday weekend.
Many interpreted from the latest FOMC meeting that the Fed is going to have three rate cuts this year, but Jerome Powell did not say that.
Let me quote directly from his transcript:
“If the economy evolves as projected, the median participant projects that the appropriate level of the federal funds rate will be 4.6 percent at the end of this year”
And he...
Since the March 8th touch into 1.09485 Weekly level, we have depreciated 146 Pips on Eur/Usd. In Today's analysis we break down the most important News events of March 24'. These include NFP, CPI, and Interest rates. All of these news events have played a significant role in the downside movement we can observe on EurUsd across the past 2-3 weeks. Leave a rocket...
Hello Traders.. This analysis is more brief but I get to the point with my bias and analysis. The Price level's are there.. We do have news super late in the NY session today as we have a Fed Speech so beware when holding your trades through to the next Daily candle. See you all in the next video
Watch the video to see the analysis.
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📊📉 Gold transaction is very important in the forex market and has a wide impact on the financial markets. This importance is due to the following factors:
📈🔍 Window to the global economy: Gold, as one of the main precious metals in the...
Enough to Stop the Risk-Off Sentiment? Daily Level 1.0805 may act as a temporary support level and we may observe a bounce and retracement early in the week here. During the first session of the week, Asian has observed some nice volatility off this Daily support level created on March 1st of this Month. 18 pips bounce already and I anticpate that by the end of...
The S&P 500 market structure after 2 days of selling implies reaching a level that buyers may return to this market. Be cautious on the short side on Tuesday
This week is critical for ISPH
Multi timeframe analysis weekly to 5 minutes
Analysis is based on Ichimoku, and Elliot waves. Confirmation is done by other indicators such as MACD, stochastic RSI, OBV, and RedK Everex.
Watch the video idea to have the full picture of the stock under analysis.
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Disclaimer:
The Content is for...
Analysis is based on Ichimoku, and Elliot waves. Confirmation is done by other indicators such as MACD, stochastic RSI, OBV, and RedK Everex. HeatMap & Stock screener are presented.
Watch the video idea to have the full picture of the stock under analysis.
watch the video for more details
Disclaimer:
The Content is for informational purposes only, you should...
Friday's price action in the S&P 500 although slightly weaker indicates a lack of selling that was expected based on Thursday's price action. This means for Monday look for a sideways to only slightly lower movement in this market.
CAD
The Canadian dollar currency is very important in forex, which I have mentioned below to explain some of them:
Oil production: Canada is one of the largest oil producing countries in the world. This country has a lot of oil resources, and the export of oil and oil products, as the main sources of income, play an important role in the Canadian economy....
How confident is the S&P 500 going into this weekend. Thursdays action implies profitaking. Friday's close will be a barometer of buyers level of confidence going into the weekend if we have a strong close.
In the EUR/USD transaction in the forex market, some important points can be considered as follows:
Market analysis: performing technical and fundamental analysis to understand the market situation and predict the direction of price movement.
Risk Management: Using risk management techniques such as determining maximum profit and loss, calculating trade volume,...
AI technology has been recognized as the new future since the end of 2022. The rapid advancements in AI and its stock prices sparked debates regarding the sustainability of its current valuations.
Indeed, AI technology has a long runway ahead, but like all journeys, it will eventually encounter a bend. In today's tutorial, we are going to study its fundamental...
