COIN has a big jump July 13 after some good news on SEC litigation against crypto and a court ruling was issued. It is shown here on a 15 minute chart. Since a double top it went sideways for a week and then down trended. The anchored VWAP bands serve to give context and serve to show dynamic support and resistance price was at the mean VWAP on July 13th...
The price is in its corrective closing range and I confirm the order using the candlestick
hi guys we always have unemployments claims every Thursday for news trader:D really good chance for taking swing we have great support at 1964 (also bottom of channel) and a good resistance at 2000 just look at the actual news ... if the actual is greater than forecast :SELL target= 1970 and then 1964 if bad for USD : BUY target: 1990 _ 2000 (fibo 61%...
FX:USDCAD As it is shown on the chart that we have a three move impulsive same color candle movement to the upside which caused the creation of an order block and oversaw developments of a fair value gap, now with the upcoming news release bulls that missed out on the opportunity might have an opportunity to go long on a fair price. 1.Possible scenario one :...
Here is quick understanding about gold Gold had shown consolidation after it broke resistance near $1940 -$1935 range in recent market, which was due to the CPI report. The decrease in consumer inflation also resulted DXY prices to decrease, which led the gold to consolidate through out the day. As per the current situation the resistance level that is coming...
TLRY jumped 10% in two trading days following the announcement of "gummie beer"" by its subsidary Sweetwater Brewing. Traders who trade TLRY seem impressed and that is what counts. Objectively, a gummie product containing alcohol seems to be a nonstarter given regulatory hurtles and then marketing of familiarity. No doubt users could titrate the...
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?
Link to chart: www.tradingview.com After a low volume start of the week, we are running into news from 7/5-7/7. I am expecting to see some volatility due to the news releases we have this week and the start of July. We are currently sitting between zones on every timeframe, but most importantly, we did break out of the 4HR downtrend from June 16th. We are sitting...
Based on my personal strategy, I am looking to enter sales transactions in the desired area
We just recently broke from the 1HR downtrend line and looking to break to make newer highs. We have news releases this week for possible momentum to do just that. For this reason, I have bigger EOW targets to possibly reach. For intraday targets, targeting 0.5-1% of the NQ price. BULLS:I am interested in breaking the top of the trendline at 6/16/23 recent highs...
Market Analysis: Global shares decline, dollar recovers as Fed pauses rate hikes; ECB and BOJ meetings awaited. Key events on the economic calendar include: New Zealand GDP (QoQ) for the first quarter. Eurozone Deposit Facility Rate announcement for June. Eurozone ECB Interest Rate Decision for June. US Core Retail Sales (MoM) data for May. US Initial Jobless...
When considering CPI, a lower figure is preferred when buying assets such as gold, EUR, EURUSD, Cable, and indices. The weaker the CPI, the better it is for risk assets, especially those associated with hedging against the dollar. For instance, if there is a year-on-year 4.7% inflation and a month-on-month 0.2%, it would be ideal to buy indices and sell dollars...
OANDA:EURUSD I expect EUR to consolidate in the 1.0850/1.0950 range. EUR traded between 1.0855 and 1.0910 before closing slightly lower at 1.0865 (-0.010%). The fundamental tone has softened somewhat and EUR is likely to drop lower today, but any decline could be part of a lower range of 1.0839/1.0895. In other words, a clear break below 1.0845 is unlikely. Next...
Based on technical analysis, there is a possibility of gold retesting the area around 2020. If it breaks above this level and successfully retests, it may touch the range of 2032-2040. However, it is crucial to exercise caution, particularly in light of high-impact news events scheduled for today.
The U.S. Producer Price Index (PPI) MoM release is tomorrow (14:30). In this idea I will talk about what it is and how we can make money of this as traders :) What the # is PPI? The Producer Price Index (PPI) measures the price change on the manufacturing side. In contrast to CPI, Consumer Price Index, which measures what consumers pay for their stuff! So,...
Pro to the bullish close of GBPUSD with more rejection to the downside, this week's expectation is a bullish close. The break of 1.26301 confirmed our bullish trade, with targets at 1.26887
# ****Gold Price Weekly Forecast: XAU/USD could break out of range on NFP? **** Gold has been struggling to make a decisive move following a correction from the $2,000 level. While the technical outlook points to a bullish bias, buyers are likely to remain hesitant in the near term. Market participants are closely watching the US Nonfarm Payrolls (NFP) data,...
Hello traders i am expecting bullishness on gold we mainly see volatility during news wait the news to pass like 2 min then the trade will setup the news always like to knock people first before making the right move i will make an update on it just follow me