Outlining critical resistance on EUR/USD ahead of the ECBDisclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Technical Analysis
The BP chart after the earning reportToday, the price of BP shares experienced a significant decline after the release of their Q1 earnings report, despite the fact that they made 4 billion during this time period. This phenomenon can be explained as a case of "buying the rumour and selling the fact." To better understand the market's reaction, we look at the BP chart to identify the key support levels.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Key short term levels to watch on the US 10Y yieldUS GDP Q1 GDP figures were released yesterday and showed a significantly slower rate of growth that expected, printing an overall figure of 1.1% Q1 growth.
The problem facing investors is that economic data suggests that inflation could remain sticky and the central bank is widely expected to raise benchmark rates by 25 basis points at its policy meeting next week.
So we are taking a look at the US 10Y yield chart to identify the key levels that you need to watch short term.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Anticipating Tomorrow's GDP Data: Analyzing $SPY's Key Levels In this TradingView video, we'll be exploring the AMEX:SPY situation as we approach tomorrow's release of GDP data. We'll examine the importance of the 50EMA and discuss potential bullish and bearish scenarios. Join us to learn about the critical price levels at $401.35, $395, $407.90, and $411.50, and how they could impact market trends in the short term.
How to Trade the Crude Oil Market Gap?Hey Traders so today I wanted to make a quick video about how you can trade the Crude Oil Market Gap. There are different types of gaps in trading that can help us find good buy or sell levels on the chart. By knowing how to recognize these patterns when they happen can greatly influence your trading decisions. Gaps mean that something significant has just happened so we want to be aware of them to hopefully get us on the right side of the market.
Enjoy!
Trade Well
Clifford
BTC faces resistance at 29.9K.Will it retest or fall back down?*** DISCLAIMER No Financial Advice ***
Bitcoin retraced backup with the microsoft and google beating earnings but NQ1 still didnt respond because the earnings was post market.
So today it could go a little bit higher which will get btc around 29.8K hitting the white bold line and making a new high OR we could jebait and continue the dump
Bottom line is that crypto & stock markets are super bearish, and any upside move is a jebait or short squeez.
Please consider supporting me by Boost,Comment,Follow and sharing the video
Louis Vuitton approaching 1000I show you this chart to demonstrate how you can make an informed decision with just one indicator - namely the 200-week ma.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
$UPS Q2 Earnings: Key Levels & Targets 🎯 NYSE:UPS gears up for Q2 earnings tomorrow morning 📈:
Completed a 2-2-2u reversal after bouncing off the 9EMA on Friday 📊
Near a wedge breakout & bearish gap fill 🧐
🔺 Calls: Trigger over $197.55
Targets: $199.55, HKEX:201 , HKEX:205
🔻 Puts: Trigger under $194.70
Targets: $192.87, $188.70, $186.55
💸 Market expects a HKEX:9 move. Trade wisely!
Apple easing back from its one-year downtrendI suspect that we are seeing some profit taking in this market ahead of its one-year downtrend. Near term uptrend supports are 165.00 and about 160 but the key support is going to be the 157.38/74 band - the October 2022 high and the February 2023 peak, also found here is the 23.6% retracement of the move higher seen this year.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
How to Day Trade or Swing Trade S&P500 Futures No IndicatorsHey Traders,
So over the years I bout alot of courses about trading the markets. In one course I took I learned about a reversal strategy using candlesticks on daily charts. Although in the past I didn't consider myself a Day Trader I found this strategy to be appealing for it using the Stock Index futures. So now I sometimes do day trade the market if I get the right setup. The good thing about his strategy is that you only need to check the market once a day to see if there is a setup. Then you just place your stop orders and limit orders according to your risk management or you can also use options.
Enjoy!
Trade Well,
Clifford
Midweek Review - Where to from here? Hey there, so far it's been a slow week, however with very important US and UK economic data releases lining up we could be getting ready for some interesting moves. So see how these moves could possibly affect the markets this week be sure to watch our midweek review and:
- Get an overall view of the major pairs along with the possible outcomes. Which means you will be a step ahead of the markets as the data gets factored in leaving you to line up your positions accordingly.
- See how you could potentially get a decent runner on Gold and up until were you can trade it, allowing you to plan ahead and take advantage of the current market structure.
- Learn what economic events is lined up for the rest of the week and how it could possibly impact the markets moving forward.
Gold Triple whammy of resistance likely to provoke profit takingIn the gold market, the 2022 high, Fibonacci extension, and top of a 12-year up channel at 2070-2100 are expected to act as strong resistance levels. This could lead to some profit-taking among traders.
The divergence of the daily RSI is already indicating a loss of upside momentum and I would recommend tightening up stop levels.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Everything is breaking upwards and the FOMO is real!Traders,
In this video, I'll be reviewing the weekly price action from Bitcoin, Ethereum, and our altcoins chart. We'll also take a look at the Dollar, US500, and some leading alts. It is important that we remain rational during this bullish crypto rally, not to FOMO in, and to wait for these bulls to prove themselves.
Stew
Crude Oil pushing into its 200-day ma and downtrendA close above the downtrend at 85.00 will trigger a move to its 55-week ma and ultimately to 100+ we believe.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
The Australian Dollar to decline in price vs USD I've broken down an awesome short opportunity with some top-down analysis from the Monthly all the way to the 4H and we're able to see that Dailly structure has already been breached. According to the technical, price is prepared for a decline to lower weekly levels rather soon. Anytime clear Lower lows and lower highs are spotted, there's an immediate downtrend to become a part of. Let's ride the wave.
Bitcoin Tags the 30k Mark! What does this mean for alts?Traders,
Both BTC and BTC dominance are into extreme resistance areas. We're going to talk about what this means for both bitcoin and the rest of the altcoin space.
Stew
Bitcoin stuck for now, but should hold support on dipsDisclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.






















