The AU200 (ASX 200) index is showing bullish potential due to several key fundamentals. Australia's economy continues to demonstrate resilience, with a strong labor market and low unemployment rate of 3.6% supporting consumer spending. Additionally, the country's resource-rich economy benefits from robust global commodity prices, particularly in key exports like...
Key Fundamentals
China's Economic Slowdown: Australia relies heavily on trade with China. If China’s economy weakens, it can hurt Australia’s economy and the Australian Dollar.
Safe-Haven Demand: In uncertain times, investors often turn to safe-haven currencies like the Japanese Yen, which could lead to a drop in AUD/JPY.
Different Central Bank Policies: The...
🔍TON coin has recently shattered its all-time high (ATH) with a convincing candle on the weekly timeframe, marking a significant 32% move from the trigger candle. The uptrend appears to be continuing, with a potential next target range around $6-7 based on Fibonacci levels. If you bought at lower levels, it is advisable to hold for now.
✨Taking a glance at the...
BIST100 got a nice rally with the improved relations with US. There is a resistance for the short term at 8515 (Monthly second pivotal resistance level). RSI is also showing a bearish divergence. The index may want to test the previously broken channel. Then, with the election environment and the positive relations with US and NATO, we may see the continuation of...
BINANCE:BTCUSD
BTCUSD (D) appears to have a pattern of narrowing the price range.
Currently, the pattern has been broken. So:
Buy current price at 43314.2
Stop loss at 41188.67
TSLA shares are up today, reacting above the 21 EMA seen on the daily chart, which, by the way, is still pointing upwards. What's more, it hasn't managed to lose support at $226, which we nailed in our last public study (the link to my previous TSLA analysis is below this post).
Given the technical evidence described above, TSLA maintains bullish sentiment in the...
EURONEXT:EUR / $JPY has started the year at the yearly pivot point. After 9 months, it is flying around the second yearly resistance. The price has started to stall at the monthly resistance point and RSI shows bearish divergence. If we break this resistance, I don't expect the price to break the second yearly pivotal point.
Disclaimer – WhaleGambit. Please be...
With the FUD and SEC manipulation, BINANCE:BTCUSD price dropped heavily and didn't join the technology rally. Though that might be a sign for bitcoin is becoming a risk-off asset. With a correction in the stock markets we can see a move towards 35k.
There are two good spots for long entry if the price drops further. First stop is the trendline which is...
Next level down for NASDAQ:NVDA is at around $334.05, which would be back to the Pivot and yet another pivotal moment, where if there are not enough buyers it could be bed time for the AI narrative for now. Full disclosure I am already short NVDA stock and looking to exit near the pivot.
Check out the Equity Channel Podcast for more information on trading and...
In this video, I go over the mid week technical analysis on the EUR/USD and what I see potentially unfolding on both the Bullish and Bearish side.
We have FOMC next week and plenty of economic data being released for the remainder of this week.
Monetary Policy:
- BOJ is making a significant change
- Longterm YieldCurveControl target of 0,25% is relaxed to 0.50%
- Higher targets are to be considered
- This would mean more YEN-strength
- FED still hiking rates, but expected target-rate for 2023 is moderate: 4,75% - 5.00%
COT:
- Institutions started distributing USD-Longs since Q3-22
- Insititutions...
