Fundamental Backdrop RBA hike rates by 0.25bps today, resulting in strong bullish momentum. RBA hiking rates highlights the stubborn level of inflation that AUD faces. Technical Confluences Near term resistance level at 0.67066 where price can potentially react to. 0.67066 will serve as a point of target. Idea Will wait for retracement before...
Fundamental Backdrop ISM Services PMI forecast at 52.6 with 51.9 previous. EUR Services PMI along with ECB Lagarde speaking may induce volatility in the market. Hawkish tone will result in bullish momentum in EURUSD, vice versa. Technical Confluences Resistance level at 1.0765 where price has rejected. Support level at 1.0533 which could be a potential...
Fundamental Backdrop ISM Services PMI forecast at 52.6 with 51.9 previous. Technical Confluences Resistance level at 1983 Support level at 1946 Price is currently hovering around the support level and we could potentially see rejection off this level Idea Monday asian session, hence will wait for price to stabilise before entering onto any...
Turning our attention to US-Oil as our second highlighted pair this week, we've witnessed a complete reversal in order flow. However, I anticipate another change in the upcoming week. There are two possible scenarios: either we continue with the current bullish momentum, further accumulating liquidity, or we reach the upper range boundary and switch to a bearish...
There are several macro catalysts looming that are expected to play out in the next days and next couple of weeks. - DEBT Ceiling - FEDNOW launch - SEC vs Ripple FED and US TREASURY - DEBT Ceiling The United States Treasury is going broke, the FED is broke and banks are crumbling. The market crash actually started back in September 2019 when the yield curve...
U.S. default A topic that has been stirring people's minds in recent months is the U.S. debt ceiling. The general public is asking the question: "Will the national debt ceiling be raised or will the U.S. default?" The national debt is the result of the government's financial borrowing to cover the budget deficit. And, as you might have guessed, these...
I am using astrology to let you know that this is extremely serious. This video is NOT about technical analysis. This video is 100% about what is going on with the world news at the moment. The US default glooming news at the doors is real, and I am using astrology to prove it is indeed real and needs to be taken serious. You have to Buy bitcoin NOW, or at least...
we saw the us is in a bull big MOOVE. we expect a correction to the HH than a continuation to the top. any ideas guy!?
Fundamental Backdrop US Retail Sales comes out at 0.4% compared to previous print of -0.7%, highlighting the continued resilience of the US economy. This further supports the hawkish stance from Fed and is bearish for GOLD. Technical Confluences Liquidity building at 1970 where price can potentially tap into H4 support level at 1960 which can serve...
Fundamental Backdrop In light of the strong bullish sentiments surrounding the USD recently, price has made a bearish case for GOLD. Sentiments surrounding USD continues to be bullish with Fed maintaining its hawkish stance in the most recent FOMC meeting. Technical Confluences Daily support level at 1959.7 where price can potentially tap into before...
Fundamental Backdrop ECB hiked rates by 25bps most recently. Fed continues to see heightened inflation and maintains its uncompromising hawkish stance. Empire State Manufacturing Index release later on with market pricing in a negative print. Technical Confluences Daily support level at 1.0755 where price can potentially tap into. Price has...
What I am seeing overall for NASDAQ. On the way there, there are many ways to eat and make profit. So Manager, do what you do best and use your cutting edge to direct and scoop up as much as you can using your skill and experience. If you look carefully you'll see that I ZOOMED OUT to 4H
New home sales in June fell to the lowest level since April 2020, reflecting declining builder sentiment as construction bottlenecks continue to slow new home building and raise housing costs. Sales of newly built, single-family homes in June fell 8.1% to a 590,000 seasonally adjusted annual rate from a sharply downwardly revised reading in May, according to...
As you can see we have a good set up in the market also the market looking for a new levels at the down side in 4H
Soybean is among the world’s most traded crop. It is used in various industries. Soybean drives global food prices. It can tilt trade balances of an entire nation. This paper describes the importance of Soybean. It lists key producers, consumer and maps the harvesting cycle across the calendar by top producing countries. Given rising Brazilian exports, higher...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we were looking for buy setups short-term as AMZN was sitting around a strong support. AMZN rejected the 80.0 support and traded higher. However, we are still overall bearish trading inside the falling channel in blue. 🏹 ...
Fundamental Backdrop 1. Stronger dollar and bullish sentiments in USD is being brought forward from last week. 2. However, given the interest rate differential between the 2 currencies, EURUSD is anticipated to continue bullish. Technical Confluences 1. Near-term support at 1.08848 2. Price is still forming HH and HL, on a bullish trend 3. We could see the...
Fundamental Backdrop 1. Market sentiments continue to favour the EUR against the USD given the potential interest rate differential between the 2 currencies. 2. ECB highly anticipated to hike rates by 50 bps in the upcoming ECB meeting. Technical Confluences 1. H4 support at 1.08764. 2. Price have rejected the 0.618 level on the Fibonacci retracement and has...