Crude oil is trying to stabilize ahead of the FED today, showing some interesting intraday recovery from around $67.00 per barrel. Can be a small impulse, but I want to see a steady recovery ehre and possibly a broken resistance line to make sure that w-x-y in E of (B) is completed. Also, the global oil supply fell 660k bpd in May on OPEC+ cuts, which can help to...
Stocks are bullish for the last few weeks, and some of indexes are finally breaking higher on speculation that FED is going to pause the hiking cycle. US CPI print also came out lower than expected, 4% down from 4.7% so there is even greate chance that FED will be on hold soon. When that’s the case stocks can move higher much easily, but still keep in mind that...
Hey all, finally back with a new video Binance is facing hard times with SEC sues and by money outflow. According to our data, last 24 hours, Binance net outflow is about $392 mln, so let's keep an eye on the stability of cryptocurrencies. There were BTC outflows from Binance following recent events, however, it's encouraging to note that the movement of...
Binance coin is trading sideways for more than 100 weeks, similar as back in 2018-2020. We see it as a long corrective consolidation within uptrend, ideally as a larger bullish triangle pattern in wave (4) that can take the price higher for wave (5) in the near future. Despite recent negative news that U.S. regulators sued Binance and its CEO Changpeng Zhao for...
FANG index coming lower. Tech in a pullback? If that's the beginning of sub-wave four, then this pullback can last till July.
In this webinar we will take a look at some interesting developments on different markets, and where the market can move this week based on price action and sentiment.
Apple is coming down from 2022 highs, but drop is in seven swings so can be a corrective move that is now coming down into interesting support at $110-$120. Notice that the current leg down from $150 is coming from a triangle, so a correction can be in late stages as triangles occur prior to the final leg of a higher degree structure. A bounce in impulsive...
In this article, I want to bring attention to the failure break on Apple yesterday. It's true, good news occurs in an uptrend, but should be careful when good news pushes sentiment to extremes. Must be an over-crowded reaction after the new product announcements. As you know the big announcement was the debut of the Apple Vision Pro. However, maybe there was a...
Stocks, USD and US yields are again moving in the same direction, so we may expect that one should give up this week. On overlay chart of XXX/USd pairs, we can Aussie with some impressive run from last week that occurred, before US yields stabilized, and the reason for the relatively strong AUD was the release of Australian inflation figures that came out worse...
USD keeps moving higher, possibly on speculation that House vote on U.S. debt ceiling today will pass today. However, stocks are down, which can have something to do with China, where the PMI index declined once again, and also faster than expected. Technically speaking, USD is in uptrend, but yields found some resistance recently so I am wondering if USD is...
IOTA with ticker IOTUSD made an impulsive recovery into first leg (A)/(1) at the beginning of 2023 after we spotted a completed 5th wave at the end of 2023. It made a deeper decline recently, but it can be also trading in final stages of wave C of a higher degree A-B-C corrective drop within wave (B)/(2). However, to confirm support in place and further rally for...
Following a recent decline in US stock markets, the USD is showing signs of strength, with DXY trading at a new high. Fitch Ratings has placed the United States' AAA rating on a negative rating watch due to concerns regarding the debt ceiling negotiations. Fitch Ratings suggests that these negotiations have increased risk of the government potentially defaulting...
SP500 is making a sharp reversal, so it appears it was failure break higher after that overcrowded trade when everyone expected 4200 to be a major breakout point for the bull run. We also see USD still in bullish mode which can extend gains much higher now if stocks will be in risk-off mode. Looking at the SP500 price action, we see price falling below the...
In this webinar we will take a look at some interesting developments on different markets, and where the market can move this week based on price action and sentiment.
Bitcoin with ticker BTCUSD made nice and clean A-B-C correction in the 4-hour chart as mentioned and highlighted. We can actually already see it trying to wake up from the first 26k support area, but to confirm a completed correction, we need to see a recovery back above channel resistance line and 29k region. Just in case if correction is still in progress, then...
“USD is turning up vs EUR ahead the US debt-ceiling deadline. EURUSD pair breaking the trendline support“ The USD is higher while stocks are still somehow sideways. The reason for the higher USD can be optimism and speculation about US debt-ceiling. We expected that they will approve it, otherwise, this will cause a lot of damage on the financial market. Yellen...
We covered EURCAD per request in our latest webinar here on trading view and mentioned that pair can be looking for a top after five waves up on a daily. So far, we can see nice reversal down on 4h as well, with five waves, with a current drop below the trendline support. As such, we think that more weakness can be seen within the current downtrend, especially...
Thats a nice pattern on DJIA; five up and now three down underway, so ideally more gains will come, but after wave C down that is still missing. We may see a bounce later this week from around 32500-32800 area.