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SP500 showing major bull run to 4,410 with 1 MAJOR obstacleThe SP500 has formed a Cup and Handle and another bigger Cup and Handle in the Daily chart. The price has broken up and out of it and the Moving Averages are all looking good giving the first target of 44,100. The big BUTT! Is that there has been a massive downtrend since 23 December 2021, which the price will have to overcome. The price action is showing bullishness and I hope to science that the price breaks up and out of the downtrend range. this will dish us up a nice Santa Claus rally. And bias wise I am long 13 stocks at the moment :P
SP:SPXLong
by Timonrosso
XAUUSD Fibo retracament 38,2; 23,6; 0,523,6% we have the main resistance 38,2% we had the last support that already is the new resistance, and the 50% the support, with some shadows candles testing it. If 0,5 is crossed this have a big probability of being the next resistance. We believe two options of testing the support and resitance, however the 0,382 seems to be a strong resistance, tested several times, moretheless the 0,5 zone will be tested again Also if you look at 1H tf you'll see the EMA had also crossed the bb middle line, resulting in a short position for Gold
OANDA:XAUUSDShort
by AFCapital21
PayPal ready to rocket PayPal on Daily is showing two breakout patterns in the making...A Cup and Handle and an Ascending triangle... We need the price to first break above $104.00. Then the next target will be easily at $134.45. Few concerns: 1. Price is still below 200MA - which signals a bear market 2. The price could be consolidating before further downside But overall I'll be Bullish Bias once the breakout occurs. Thank you for the request. Let me know if you need any other analyses.
NASDAQ:PYPLLong
by Timonrosso
American Trading SessionThe American trading session is considered the largest in terms of volume and strength of market movements. All this is connected with the American economy, which is larger and stronger than the economies of other countries. The ability to correctly identify and use market fluctuations in the American session will help everyone earn a lot and quickly. The opening hours of the American trading session in New York are from 8:00 to 17:00. The largest financial platforms in New York and Chicago create the main activity of the American trading session. Trading sessions At 9 o'clock in New York, the largest market in the world opens - the New York Stock Exchange. At this time, the giants of the financial world come into play and the market is gaining momentum. An hour later, another major exchange opens, which is called the commodity exchange, the Chicago Mercantile Exchange. Due to the overlap of the two sessions of London and America, there is a lot of activity and a lot of volume at the beginning of trading. High activity is observed almost throughout the entire session and stops when the offices of financial giants close in New York. After about one hour, the offices in Chicago also close, marking the end of the session. Assets With the opening of the American trading session, trading begins on large platforms in the USA, Mexico, Brazil, Canada. In Canada, during the American trading session, trading opens on the TSE and CSE exchanges in Toronto, ME in Montreal. At the same time, trading starts on the Mexican Stock Exchange BMV. During the American trading session, the largest Brazilian exchanges also begin trading: Bovespa in Sao Paulo, as well as BVRJ in Rio de Janeiro. During this period, key indices are traded: NASDAQ is a group of stock indices of five thousand companies listed on the exchange of the same name. XAX is an index traded on AMEX and reflects the dynamics of stock prices and depositary receipts of all companies traded on the exchange. The Dow Jones is one of the largest indices in the United States, including securities of organizations in almost all industries, except transport and utilities. The S&P 500 is the stock index of the 500 largest companies on the NYSE and NASDAQ. S&P/TSX is an index of high–capitalization companies whose securities are traded on the TSE. Mex IPC is a Mexican stock index that includes securities of 35 large companies traded on the Mexican BMV. BOVESPA is a Brazilian index based on the securities of 71 large companies traded on the exchange of the same name. Thus, the American trading session takes place during the work of the world's largest exchanges, where most of the most significant stock indices are traded. Currency pairs The pairs that include the currency of one of the countries of this session have the greatest volatility during the American session: Pairs with the US dollar: AUD/USD, EUR/ USD, GBP/ USD, NZD/ USD, USD/BGN, USD/CAD, USD/CHF, USD/CZK, USD/DKK, USD/HKD, USD/HUF, USD/ILS, USD/JPY, USD/MXN, USD/NOK, USD/PLN, USD/RON, USD/RUB, USD/SEK, USD/SGD, USD/TRY, USD/ZAR Pairs with the Canadian dollar: CADJPY, CADCHF The volatility of the euro–Mexican peso pair is also increasing. Features By right, the American trading session is considered the most active session among others. The main reason is the large economies of London and America, which are trading simultaneously at this time. As you have already understood, the high volatility that is observed during the American session is capable of destroying any trader's account. It will be extremely difficult and dangerous for beginners to trade at this time. The beginning of trading is considered an excellent time for scalpers, because during these hours there are strong price jumps, since strong movements can literally earn a decent profit in minutes. After 11:00, sharp unexpected jumps may occur in the market caused by the actions of large American players, often working together and trying to get maximum profit by reducing the number of players in the market after the closing of European trading. Before the weekend, during the American trading session, there is usually a pullback on the main trends, since Japanese investors do not trade, European investors leave for the weekend, and American investors try to lock in profits and not leave positions for the next week. Conclusion The American trading session is the most volatile part of the entire trading period. During this period, it is worth making transactions with caution, since powerful movements caused by large players are not uncommon. This session is best suited for scalpers due to fairly strong fluctuations within the day, when a fairly large movement can be taken in a short period. The most careful approach should be taken to assets related to the US dollar in one way or another, and, accordingly, follow the US news published mainly at the beginning of the session.
Education
by Lingrid
12
EURUSD Recovering!!! Euro have a GDP above the forecast. And today the PPI of US was released and the price is following the inflation that was realeased yesterday. Today PPI (mom) show us a -0,4%. The prices are increasing in US and Euro seems to start recovering the usual currency price. We can see the MACD almost crossing 0, and we can see before the price was oversolding, and when the volume started to be higher the price start to have the "correction" We also have a strong support, that was crossed in September 08, but was just a retest and after that went long The yellow line is a 1H resistance, that has been constatly tested The white arrows is our three prediction that could occur, but if the price cross the blue box, the trade must close and it has to be analysed again
Long
by AFCapital21
XAUUSD Inflation data making the move todayInflation was released today. The inflation has decreased to 8,3%, however the price of goods are increasing and is higher than before, with 6,3%. Don't forget tomorrow we have PPIndex to be release tomorrow. About the chart: We can see the first resistance at Fibo 23,6%, and this show us a strong resistance for the next hours. We calso have a triangle that had already been crossed when the inflation was released. The BB Line is opening what means we have a large volatility and with EMA above basis line from BB and with a descent trajectory The MACD also have a good resitance and support already crossed as we can see. We think the next support that could be crossed is the 1692.699, making the perfect Fibo pattern until the next data released
OANDA:XAUUSDShort
by AFCapital21
1