EURUSD has been around a key level 1.16 for several weeks. Price couldn't break above the 1.17 level, going back down below the so called support level (1.16). Despite the fact that this zone hasn't been tested enough to consider it now a resistance, fundamentals might give us this impression. So what can we expect from the EURUSD: Fundamentals: Speculations...
Goodday traders and welcome to the last weekly update this year, The last 2 months of this year are going to be awesome. Extreme volatility and volumes are hitting the market like a hammer, and that is no surprise as there is so much at stake right now. For gold I expected to hit 1850 at least before FOMC, but that seems to be a bridge too far. Now we are nearing...
Downward pressure, combined with increased volatility should push $AAPL down from it's current levels to at least the bottom of it's current channel over the course of the countdown to a concrete tapering schedule. Many believe the FOMC meeting on Sept. 22nd could be the formal announcement, as it would give the market enough time to adjust accordingly, however,...
Beautiful thing about TV is you can set alerts when events happen like fed tapering to begin.
price has made its rising wedge chart pattern after downtrend from 1834 the whole trend was started from 1900 on June fomc are hedge funds back to sell again for fomc taper announcement ? are they insider seller for fed tapering announcement , selling gold from 1900, 1834 ? based on price action and Elliott wave , (impulse correction impulse) ✔ trend started ...
price is making lower low lower high inside a yellow falling wedge. price is testing upper trend line. Fundamental cause of this trend is fed tapering. decline was started in march and tapering talking has been increasing everyday since price made high. if price holds upper trendline and tapering comes in November fomc than it will test lower trend line of...
in the past days , NASDAQ broke it's main trend , Nasdaq went down today after a failed attempt on the re-test of the all time high level and this could lead to the next 2022 Financial Crisis It is absolutely the worst time to invest in US stocks as the tapering still not yet there. IN OVERAL : NASDAQ bearish
Hello Traders Here is a new Sell Opportunity, huge drop expected 1000pips + 💹CAD/JPY ⏬SELL ✅ Entry @91.000 or below ✅TP-1# 90.000 ✅TP-2# 89.000 ✅TP-3# 88.000 ✅SL# 91.800 My Forecast : This Pair Will fall with a big drop after a correction around 91.000 JamdeJam will not accept any liability for loss or damage as a result of reliance on the information...
Here you can see I am a slow and patient bear who ate his oatmeal and slept away Q4 & Q1 For all the stores were bear as well, So I bought moar oatmeal. DXY looks like oatmeal Not that I know anything ser's........ I like oatmeal Me can only buy me oatmeal with DXY Not really feeling like explaining this........I'm sure me shall be shamed for loving me oatmeal...
The SPDR Financial ETF broke out to record highs in February, stalled in June and has been resting since. Now it may be getting ready for another move. The first pattern on this chart is the 50-day simple moving average (SMA). After dancing around this line for almost four months, XLF has managed to hold above it since the end of September. That’s especially...
Just want to share some thoughts about Gold price. 2008 to 2011 show an high rise in prices. Why? - 01 Nov 2004 started one of very first valuable ETF for Gold : SPDR GOLD TRUST. - 2008 Real Estate frenzy showed up with a vertical dangerous FOMO culminated with the biggest worst market loss ever - From 2008 to about 2011 Gold prices roses to new ATH, about...
dollar is strenthening, euro QE relaxing but think about it: would you rather turn into dollars or euro?
Hi Guys, to keep it simple... Financial Crisis 2007-2008 and Pandemic led to the implementations of QE programmes in combination with other accomodative monetary policies. Following these events FEAR drove the value of Gold to its highest at $2.000 both in 2011 and in 2020. In both these occasions, after having reached $2000, the precious metal bounced off the...
This is my end cycle market thesis. I know you can't predict market tops or timing. I'm just trying to include potential reactions to FED tapering and FED rake hikes in conjunction with an end to a long bull market run, Covid crysis and CBDC announcments.
AT: - 2 failed tries to go above trendline - not overcoming higher high Fundamentals: - bad situation with Evergrande developer - soon tapering will be executed - autumn - end of vacation ;-) - very very big growth after pandemic lows this is only my opinion, not recomendation. I'm putting it here just to test if I had right later.
Hey guys, just an update from my side since we had our FOMC statement and press conference by FED chairman Jerome Powell. The FED hinted that they are positive that the US economy is growing stronger, "With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely...
Over the past few months one of the most popular topics generally has been related to whether the FED will taper its asset purchases. Now that we are almost past the recovery phase and about to enter the economic mid-cycle expansionary phase as inflation is far about target (>4% compared to 2%) and GDP is far above trend (2021 Estimate of ~6-8% vs potential GDP of...
Gold is at the bottom of the descending channel An important support area has prevented further decline The price level of 1775 can be reached before the meeting of the Federal Reserve Continued price movement: channel failure or channel decline depends on the announcement of TAPERING