GBP/JPY Analysis Hits the Mark, But a Few Pips Remain: Exciting News to Share! Hey Traders! 📈🔍 Our analysis on GBP/JPY has been spot-on, leading us to some impressive gains. 🎯💰 However, there's still some potential left on the table - a few pips that could make all the difference. 🚀💼 It's an exciting time to be in the market, and I couldn't wait to share this...
The analysis suggests that the CHF/JPY currency pair may be undergoing a shift. Despite forming three tops, the third top did not lead to a breach of the trend line. Instead, it was followed by a retest. If the 1-hour candlestick closes without indicating a selling trend but instead ends with a high close indicative of buying momentum, the probability of a bullish...
Price & Pattern: EUR/USD at 1.08397. 4H chart shows double top rejection, followed by resistance breakout—bearish indication. Technical Implications: Pattern suggests potential bearish reversal, favoring sellers. Demand Zone: Approaching demand zone, but bearish bias persists. FOMC Impact: Pending FOMC news could strengthen USD (DXY index)—further downside...
The bearish move that we see in this chart, which started on September 28th, has formed two bearish channels, preventing the price from going higher seven times so far. As you can see on Friday, January 12th, with the geopolitical news from the Red Sea conflict, the price attempted to form a bullish breakout of the smaller channel but got rejected from the larger...
Dear Esteemed Members, There are several fundamental factors that could support the oil price reaching $76.09 per barrel, which is the highest level since November 2014. As the global economy rebounds from the pandemic, the demand for oil is expected to increase, especially in the second half of 2024. The International Energy Agency (IEA) projects that global...
Time and again the stock market gets some knee jerk reaction from Investors based on some Hot News. But most news are shortlived and forgotten in forthcoming days. One such interesting counter is MMTC - A PSU Mineral Trading Company with 89% stake with Govt of India. Technical Analysis: Monthly - Inverted Head and Shoulder pattern indicating a...
OANDA:XAUUSD price recovers the recent losses, trading higher near $1,980 during the Asian session on Tuesday. The price of the precious metal receives upward support due to the correction in the US Dollar, which could be attributed to the downbeat US Treasury yields. Alternatively, if the correction from multi-month highs resumes, Gold sellers would need a...
This evening, Reuters published an article titled "AXA Weighs Offloading $2 Billion Reinsurance Arm to Cut Disaster Risk". Could this boost upwards tomorrow's and next days' share price after the US CPI reading?
USD Interest rates helped to pull EURUSD back for better prices. Euro interest rates was the catalyst for a +1% increase in the EURUSD currency pair. The WeekIy candle can push a bit more to end off the week. We usually have a bunch of liquid just past extreme highs and that is what I am explaining on the chart. This is a price action concept. took buys at the...
BINANCE:BTCUSDT in May 10 we have AMEX:USD CPI m/m !!! we expect in May 10 BTC main movement will begin that can be retest 31k and then bearish movement or break out 31k be ready for NEWS DAY !!! and pls do not trade on NEWS DAY
Please see related ideas for better context, everything else is in the video. But in short - we will have a lot of manipulative moves during the next two days. See why in the video. 👋 Disclaimer: All ideas here are for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or...
Pinterest Short Term - We look to Buy at 18.86 (stop at 16.57) This stock has recently been in the news headlines with hedge fund Elliot Management reported to have taken 9% stake in the social media company. The bullish engulfing candle on the 4 hour chart the positive for sentiment. There is scope for mild selling at the open but losses should be limited....
Everyone on this planet seems to know about the current situation around Ukraine and Russia, so we will not retell the latest news and events. We only note that there is always a chance to stop the escalation. However, from the position of game theory in the current situation, it is more profitable to be a pessimist, because you will either be right or gladly...
We already wrote that the level of geopolitical tension is now easiest to assess not even by the usual VIX Index (aka Fear Index), but by the dynamics of oil and gold prices. So yesterday, both assets were growing, hinting that we are entering the next local peak. But imagine that common sense has not gone away. He is here, he is with us, and no one is going to...
Last week, the information tension around Russia and Ukraine reached its local peak, since February 16 was the date the US announced the start of the war. Despite the fact that the date has passed without any excesses, the shadow of the war has tightly covered the financial markets and is not thinking of retreating yet. Perhaps the two main indicators of the...
Due to the fact that the Dow Jones index showed the worst day in 2022 yesterday, and Nasdaq has lost about 15% over the past month and a half, more and more investors are interested in the question: “Isn't it time to start buying?”. Outwardly, the question looks more than natural: “buy the dip” is one of the pillars of investing, and if we put “fear of missing...
Markets are falling due to uncertainty caused by the latest events on Ukraine, etc. I think most panic sellers left the market during the last sell off on the second half of January. So, there is a lower probability to see a lower low. Crisis brings opportunity, It is hard to say, but in such horrible situations, like on the brink of a war, whales are...
The main event of yesterday in terms of news, of course, was the absence of war. As a result, the mood on the eve of the publication of data on retail sales in the US was optimistic. Markets were expecting US retail sales to rise 2%. But the fact exceeded the most optimistic expectations: retail sales rose by 3.8% in January. The reasons are not only the growth...