Hello traders! The pair Xau/Usd reached the level (2038.78). We have two scenarios. Scenario number 1: The price breaks (2036.00) and goes to the level (2022.00). Scenario number 2: The price will test (2036.00) and then reach the level (2050.50) where it will bring a confirmation for a decline to the level (2022.00). Be careful! Don`t forget to look at the...
Currently, the US dollar is gaining ground, benefiting from a weaker market sentiment. Oil prices are trading lower, exerting negative pressure on the Canadian dollar (CAD). Later today, we hope that Canada's business outlook and manufacturing sales can provide some support to the Canadian dollar. On this Monday, the Canadian dollar is showing a mixed performance...
Gold prices continue to rise for the third consecutive day on Monday, reaching around $2,055 per troy ounce. The upward movement is attributed to the risk aversion stemming from geopolitical tensions in the Middle East. Immediate resistance is observed at the January 5 high of $2,060, with static resistance at $2,080 to be tested if surpassed. Sustained upbeat...
the Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares. That will lead new traders to put their money longing btc , so that will create a good liquidity to whales to sell at 47k - 50k levels , and that's really what happened do not get suprised by seeing btc's price range between 20k - 30k
Analyzing the BTC/USD scenario reveals an expansion of the bearish phase with a test of support at 40,980. The initial resistance is at 45,465, but expectations suggest the possibility of an extension of the negative trend towards new lows at 39,485. From a daily volatility perspective, the cryptocurrency shows a value of 2.79%, with a weekly performance...
The analysis of GBP/USD reveals a dynamic interplay of factors influencing the currency pair. The British Pound (GBP) has strengthened against the US Dollar (USD), recovering from a decline to 1.2700 and surpassing 1.2750. This recovery is linked to challenges the USD faces in generating demand during the American session, partly influenced by softer-than-expected...
CAPITALCOM:US100 - LONG OPPORTUNITY / BREAKOUT Fundamental: Nasdaq is currently up leading into earnings. Expecting continued growth and a lower PPI data result which will benefit the continued growth of the Nasdaq. Technical Analysis: Market is currently ranging/consolidating on the shorter timeframe until PPI data drops. This is expected on big new...
Analysis of the EUR/USD Situation: Current Situation and Support/Resistance Levels: EUR/USD remains in a positive position, below the 1.1000 threshold. Key support and resistance levels to consider are: Support: If EUR/USD falls below the 2024 low of 1.0876, it could approach the 200-day Simple Moving Average (SMA) at 1.0846. Breaking this level might lead to...
The analysis of the US oil market (West Texas Intermediate, WTI) presents an intriguing scenario. Currently, the WTI price is recovering from recent losses, trading around $72.33 per barrel. This rise in oil prices is driven by concerns about potential supply disruptions following recent events, where Yemen's Houthis have questioned the UN resolution on Red Sea...
The USD/CAD pair is facing selling pressure for the second consecutive day, moving away from a near four-week high around the 1.3415 region, reached on Tuesday. Currently, spot prices are hovering around the 1.3365-1.3360 area, down just over 0.10% for the day. Traders are now awaiting the latest US consumer inflation figures for further momentum. The upcoming US...
Analyzing XAU/USD, we can outline a detailed picture of the current situation and future prospects: Current Situation: Gold is struggling to make a decisive move in any specific direction mid-week. After rising above $2,030, gold lost momentum and retreated towards $2,020. The markets are awaiting the outcome of the 10-year US Treasury note auction. Macro...
Economic and Political Context: Market Sentiment: The GBP/USD exhibits a positive trend above 1.2700 during Wednesday's European session, bolstered by an improvement in market sentiment and renewed weakness in the US Dollar. Influence of Bank of England (BoE) Policy: BoE Governor Andrew Bailey is expected to defend the decision to tighten policy to combat...
Current Trading Range: The EUR/USD pair has been traded within a narrow range, roughly between 1.0930 and 1.0925. This suggests a consolidation phase following recent movements. Impact of Upcoming CPI Data: The market is anticipating the forthcoming U.S. Consumer Price Index (CPI) data. Scheduled for release on Thursday, these figures might significantly influence...
The U.S. data points of the week will be the December consumer price index report on Thursday and the December producer price index report on Friday. U.S. inflation has cooled in recent months, which has allowed the Federal Reserve to back off on its tighter monetary policy. The CPI report is seen up 3.3%, year-on-year versus a rise of 3.1% in the November report.
I have been using Strangles in NYSE:BEKE for the last weeks, strikes 15/16 with expiration every friday, made a whole bunch of money, price is usually around that channel. If price ends up outside the channel just rollover.
The Nasdaq shows a significant rise in today's trading session. At the time of writing, the index has gained 460 points from the January 5th low. I've drawn two Fibonacci retracements to identify two potential areas: a bounce at the 0.62 Fibonacci level, illustrated in the chart, and a possible price reaction. Mainly, I expect a decline in the index tomorrow in...
Analyzing the oil market, we see that WTI (West Texas Intermediate) is priced around $72.55 per barrel, while Brent is at $77.71 per barrel. Several key factors are influencing the current oil market scenario. Saudi Price Reduction: Saudi Arabia's decision to lower the prices of its oil exports to Asia has contributed to a bounce back in prices from the Monday...
Technical Analysis: Gold price might struggle to capitalize on the modest intraday positive move From a technical perspective, any subsequent move up is likely to confront some resistance near the $2,040 horizontal zone, above which the Gold price could aim to retest Friday's swing high, around the $2,063-2,064 region. The next relevant hurdle is pegged near the...