30-min chart, the index has formed a falling wedge, and should target the Resistance line (R) at around 28125. After crossing it, the target will be 28850 extending to 29545 Technical indicator RSI is positive. Below Support line (S) should be a stop loss.
Hello guys, I hope you are doing well Let's review what happened last week You can see the gold chart in 1 hour. As we expected, the resistance zone prevented the growth of the gold price. We have a support level, we have to wait for this level to be broken, if we had a close candle below this level, we can enter sell positions in reversals. There is a...
President Xi Jinping’s New Year address put paid to hopes of much larger stimulus. In his address, President Xi pointed to the consolidation and enhancement of the economic recovery and no signs of a boost from policy coming. Furthermore, China’s economic growth for 2023 came out at 5.2%, above the central government’s 5% forecast, which it boasted it was able to...
The sharp falls in Tokyo inflation for January remind investors of the ending of the BoJ’s YCC and/or NIRP in 2024 are not set in stone. Tokyo inflation is a very good leading indicator for the nationwide inflation data. Tokyo inflation excluding fresh food as well as headline inflation plunged below the BoJ’s 2% target to 1.6% YoY; well below the consensus...
The ECB left its monetary policy unchanged, in line with expectations. The information available since the December meeting has largely confirmed the central bank’s assessment of the medium-term inflation outlook, leaving the Governing Council (GC) in a wait-and-see mode. ECB President Lagarde confirmed her Davos comments, hence indicating that she still expects...
✅DAX is trading in an Uptrend and the index has Formed an opening wedge Pattern so IF we see a Bullish breakout then we Will be expecting a Further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! VIX has retested a Horizontal support level Of 12.34$ from where We are seeing a bullish Rebound already and I think that the price Will go further up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Given the mounting anger and protests by farmers across Europe, there appears to be a significant challenge stemming from contradictory and potentially detrimental agricultural policies. The grievances include increased costs for agricultural diesel, additional fees for water consumption, complex regulations, and objections to bans on pesticides and herbicides...
Looking at the JSE 40 all-share Index on the daily chart we can take note that the index has been trading downwards since peaking sometime during Feb 23, now looking to the left again we can take note that after the release of the 1st quarter Dividend & Earnings release the JSE drop on both accounts. Now looking to the right, we can take note that the JSE has...
S&P500 may be overbought on the 4H timeframe (RSI = 72.835, MACD = 15.590, ADX = 49.520) but not yet on the 1D technical outlook as the price hasn't yet made a HH on the two month Channel Up. The 4H RSI does show us though that it is starting that HH peak sequence as it can start a LH trendline like December 14th. We are expecting this wave to peak on a +5.55%...
Market Insight: ECB policymaker Francois Villeroy de Galhau has emphasized that the decision on rate cuts in 2024 will be data-driven, rejecting a fixed timeline. ECB President Christine Lagarde, while suggesting a potential rate cut in the summer, emphasizes the importance of data in timing the decision. Central bank officials are cautious about immediate easing...
Double-Top. LOTS of Institutional Sellers... Classic Sell pattern...
Hello guys, gold could not continue the upward trend of last week and now I see that it has started a downward trend again. I have identified the important supply and demand areas on the chart to enter trading positions. Enter into the positions according to the time priorities and after getting confirmation. Don't rush, if the market doesn't go as you think,...
Risk Disclaimer: This is just a possible forecast that could be wrong and there is No advice for any Trading!...
While higher inflation should be an indicator of a booming stock market since the consumers are spending more and the companies make more profit, this time the case is different. The simple macroeconomics behind it: Higher Inflation=Higher Interest Rates, which=Higher Borrowing Costs for the S&P companies And as you have already connected the dots higher...
Recent geopolitical tensions triggered a 'flight to safety' impacting Asian equities. Japan's Nikkei fell by 0.6%, while Chinese equities, including the Shanghai Composite and Hong Kong's Hang Seng, experienced declines of 0.6% and nearly 2%, respectively. Exercise caution regarding potential short squeezes, especially with markets at all-time highs. Keep...
✅DAX will keep growing Because the index broke the Key horizontal level of 16,400 Retested it and is going up again All while trading in an uptrend So I think that we will see A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hi folks, Here is out setup scalp entry for the NY session We believe that NQ will show a strong rejection from the red box since the BIAS Is Bearish. The entry is based on a multi-timeframe analysis