✺ End of Bulls rally after the most successful trading day since April.
✺ The possibility of the Goldilocks scenario - is it on the horizon?
✓ PPI data has been reported today.
Key fact: "Firms no longer optimistic"
BLACKBULL:SPX500
After the longest period of growth in 2024, the market closed at -0.41 rate, putting the end to the robust bulls rally since the...
Bearish CADCHF as Downbeat Crude Oil Prices Put Pressure on the Canadian Dollar
The CADCHF exchange rate is currently trading at 0.671, down from its high of 0.703 in early September. This bearish trend is likely to continue in the coming weeks and months as downbeat crude oil prices put pressure on the Canadian dollar.
Canada is a major exporter of oil, so its...
Hey Traders, In today's trading session, our focus is on the NAS100 index as we are actively seeking a selling opportunity around the 15250 zone. NAS100 has been experiencing an upward trend, but it recently broke out of that trend. Currently, the NASDAQ is undergoing a correction phase, gradually approaching the retrace area of the trend near the 15250 zone.
To...
The AUDUSD pair is currently under pressure as a result of stubbornly high U.S. inflation and signals from the Fed that interest rates may need to be raised for a longer period than previously anticipated. We are looking to take a short trade on AUDUSD at 0.68977, with a take profit target at 0.67519 and a stop loss at 0.70014. This trade idea is based on the...
Hey traders, in today's trading session we are monitoring DXY for a buying opportunity around 109.4 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Hey traders, in the coming week we are monitoring XAUUSD for a selling opportunity around 1825 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe/
TRADE SAFE WAIT FOR CONFIRMATION, TO SELL, BREAKOUT AND RETEST, BOOM.... MAKE PROFITS.
The price now is consolidating....................................
Hey traders, in the coming week we are monitoring DXY for a buying opportunity around 103.1 zone, in the 4 of May we are coming across the FOMC event where we expect USD to gain strength and remains bullish prior to that.
we highly recommend taking a look at DXY in the beginning of every trading week if not everyday, that will help you to spot the direction of USD...
This is a short term 4H long trade as we expect dollar to appreciate in value as the FOMC is expected to hike rates with 200 points by the end of the year. The market have priced more for the BOC, more than they can deliver so we expect depreciation for the CAD. this policy divergence is the reason why we are looking at the market to complete y of the wxy correction
BTC has continued to be impacted by broader market headwinds.
$DXY increasing reflects inverse correlation, while BTC continues to show increased correlation to $SPX & slightly less loose correlation to $NDX.
Flipping to 1-day chart gives a zone between $25.8k & $31.8k as area of contention between bulls & bears.
Loss of $28.5k with a daily candle close has...
Hey traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1822 zone as we see a possibility for more downsides on the market.
Trade safe, Joe.
Hey traders, in this week we are monitoring USDCHF for a buying opportunity around 0.908 zone. Once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Hey Traders, in this week we are monitoring DXY for a buying opportunity around 96 zone. Once we will receive any bullish confirmation the trade will be executed.
i highly recommend monitoring DXY at the beginning of every week if not everyday, that will help you spot USD pairs direction and trade them in a more professional way.
Trade safe, Joe.
Hey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.682 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
