Cryptos fall Cryptos take a nosedive after the report that Mt. Gox moved 47228 BTC from cold storage to anew address.
EASYMARKETS:ETHUSD CRYPTO:ETHUSD
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Analysis
Nikkei Soars Looking Past Monetary NormalizationUltra-loose BoJ policy and the Yen’s demise have been key drivers of the JPN225 mammoth rally. The central bank exited its negative rates regime though and is shifting towards less easy policies, with at least one more hike reasonable within the year. This threatens to cut off a key source of strength for equities and JPN22 registered a brief pullback from the March record peak.
But monetary normalization has been slow so far and the stock market’s strength is based on more factors than just favorable monetary stance and weak currency. Strong earnings, structural reforms and investment-friendly government policies are among them. As a result, JPN225 has resumed its advance and runs its third straight profitable month, trying to set new all-time highs. On the other hand, the RSI reached overbought levels and a pullback here would be reasonable.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Last Chance Alert: Buy Bitcoin Now at Unbelievably Low Prices!BTC UPDATE
BTC is trading at $61,500, nearing a critical support level at $60,000. We have a rising trendline, the 200 EMA, and the lower trendline of this expanding triangle also acting as support.
After 7 consecutive days of outflows in Bitcoin ETFs, yesterday saw $31 million in inflows, which is positive for bulls.
In the long term, I am bullish on BTC. We may see some short-term corrections in price, potentially down to $54,000 in the worst case, but that will be the best time to buy BTC.
The funding rate is negative at -0.11%, which is a positive sign for bulls.
Stay tuned for more updates.
CRYPTOCAP:BTC BINANCE:BTCUSDT BITSTAMP:BTCUSD
Alikze »» OP | Pullback to the roof of the major is brokenIn the daily and weekly time, it is moving in an ascending channel, where three-wave movements are evident inside the channel. At present, with the failure of the major ceiling, it can continue its upward path by completing the pullback to the specified limits and the ceiling of the ascending channel. In the last part of this movement, it can be completed with another short correction and enter the continuation of its upward wave to the areas of divergence. But if it cannot maintain the range of the ceiling, it will have the possibility of correction to the bottom of the ascending channel.
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Technical Analysis for GBP/USD on 8-Hour Time FrameFUNDAMENTAL REASONS
The UK economy is experiencing sluggish growth, with recent GDP data indicating minimal expansion due to Brexit-related uncertainties and global economic headwinds.
UK inflation is at 3.1%, above the Bank of England's (BoE) target of 2%, putting pressure on consumer spending.
The unemployment rate is 4.0%, with stable employment but slow wage growth failing to keep up with inflation.
The US economy remains robust, with Q1 GDP growth at 2.5%, supported by strong consumer spending and business investment.
US inflation is at 3.8%, above the Federal Reserve’s 2% target, prompting aggressive monetary tightening.
The unemployment rate is low at 3.6%, indicating a tight labor market and strong job creation.
Interest Rates: The BoE has raised interest rates to 4.5% to combat high inflation. Further hikes may be on the horizon if inflation persists.
Monetary Policy: The BoE has ended QE but continues reinvesting in maturing assets.
Interest Rates: The Fed has increased rates to 5.25% to address inflation, with more hikes possible based on economic data.
Monetary Tightening: The Fed is reducing its balance sheet through quantitative tightening (QT), affecting liquidity.
Brexit: Ongoing Brexit adjustments and trade negotiations continue to create economic uncertainties for the UK.
US-China Relations: Tensions between the US and China influence global trade and economic stability, impacting both the UK and US.
Russia-Ukraine Conflict: The conflict has led to higher energy prices, disproportionately affecting the UK’s economy due to its energy import dependency.
Technical Analysis
Current Price Action
Current Price: 1.2700 (as of the latest 4-hour close)
Previous Close: 1.2720
Range: 1.2680 - 1.2730
Trend Analysis
Short-Term Trend: Downtrend
Medium-Term Trend: Sideways/Range-bound
Long-Term Trend: Uptrend (based on daily time frame analysis)
Moving Averages
20-Period EMA: 1.2710 (price slightly below, indicating short-term weakness)
50-Period SMA: 1.2735 (price below, confirming short-term downtrend)
200-Period SMA: 1.2600 (price above, indicating long-term strength)
Support and Resistance Levels
Immediate Support: 1.2680 (recent swing low)
Key Support: 1.2600 (200-period SMA and psychological level)
Immediate Resistance: 1.2730 (recent swing high and 50-period SMA)
Key Resistance: 1.2800 (psychological level and previous resistance zone)
Technical Indicators
Relative Strength Index (RSI): 45 (neutral, but close to oversold territory)
MACD: Bearish crossover, histogram below zero (indicating bearish momentum)
Stochastic Oscillator: Near oversold zone, potential for bullish reversal if it crosses upwards
Volume Analysis
Volume Trend: Decreasing volume on recent declines, suggesting weakening selling pressure
Volume Spikes: No significant volume spikes, indicating lack of strong conviction in either direction
Fibonacci Retracement Levels
Recent High: 1.2810
Recent Low: 1.2600
Key Levels:
23.6% Retracement: 1.2665
38.2% Retracement: 1.2695
50% Retracement: 1.2705 (current price near this level)
61.8% Retracement: 1.2720
Conclusion
Bearish Bias: Given the price below key moving averages, bearish MACD, and potential head and shoulders pattern.
Support and Resistance Play: Watch for a break below 1.2680 for a potential move towards 1.2600. Alternatively, a break above 1.2730 could signal a retest of 1.2800.
Risk Management: Use stop-loss orders below 1.2680 if long and above 1.2730 if short to manage risk.
Tesla’s Post-Deliveries Surge Stretched from an EV StandpointTesla is having a rough year, being the underperformer of the Magnificent Seven group, as its peers surge. But the stock soared to new 2024 highs after the Q2 delivery report showed a substantial sequential increase, gaining more than 20% this week. Bulls are now back on the driver’s seat and have the opportunity to chase last year’s peak (299.29), although the record highs are distant.
However, this surge is hard to justify from a purely EV prospective. Tesla may have offloaded some of its inflated inventory in Q2, but deliveries were lower than a year ago, just as sales of Chinese rival BYD surged. Demand has weakened despite price cuts, the futuristic Cybertruck is not for mass production (and not for everyone) and we still have not gotten an update of the aging Model Y, which was the best-selling car of 2023. At the same time, there is some uncertainty around the crucial 25K affordable car that could accelerate sales and EV adoption, although it’s a price point where Tesla may have a hard time competing against Chinese firms.
Given these factors and the fact that the stock rally is stretched, a return below the EMA200 would not be surprising. This would create risk for new 2024 lows (138.80), but sustained weakness has a higher degree of difficulty.
Tesla at this point seems like a somewhat overvalued car maker, but an undervalued Artificial Intelligence company. At least part of the market optimism must be based on the AI promise. Elon Musk is preaching AI as the future of the firm, in a technology with the potential to unlock tremendous value as Tesla definitely has an edge, given the vast amounts pf proprietary data it collects from sources like the cameras and sensors in the hundreds of thousands of vehicles it has sold. The CEO pushes hard on full self-driving and robotaxis, with announcements expected in August, as well as humanoid robots and envisions more than a thousand of them working at Tesla factories next year.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Buy GBPUSD Wedge BreakoutThe GBP/USD pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.2660, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2737
2nd Support – 1.2803
Stop-Loss: To manage risk, place a stop-loss order below 1.2600. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Swelects Energy systemsInitial base was at 867, then base shifted to 1260
breakout of this range suggest target of 1659 which is yet to come
If we consider new pattern its breakout also suggest target of 1780.
stock is above all ema's and with good rsi divergence.
Stock fundamentals are good, pe ratio is attractive and also share holding pattern as well.
One can start accumulating the same.
Fundamental Market Analysis for July 03, 2024 EURUSDThe Japanese Yen (JPY) continues to suffer losses on Wednesday, remaining near a low of 161.750, a level not seen since 1986, recorded in the previous session. The decline may be attributed to final data indicating that business activity in Japan began to contract in June. Market participants are focused on the possibility of currency intervention by the Bank of Japan (BoJ), which could support the Japanese Yen and limit the growth of the USD/JPY pair.
Japan's 10-year government bond yield rose to a near 13-year high of 1.11%. Traders continue to assess the outlook for the Bank of Japan's monetary policy amid a sharp depreciation of the Japanese yen, which raises the cost of imports and contributes to inflationary pressures. In addition, the central bank announced plans to unveil a strategy to wind down its bond buying program in July.
The US dollar (USD) halted its four-day losing streak thanks to a rebound in the 2-year Treasury bond yield, which is at 4.75% at the time of writing. Traders await the release of the ADP US employment change data, ISM Services PMI for June and the FOMC meeting minutes scheduled for Wednesday.
Trading recommendation: Watch the level of 161.750, and if the level is fixed above, take Buy positions. On the rebound take Sell positions.
FULL ANALYSIS GUIDE - (Using ICT's Concepts)Hey guys,
In this video I will show you my process for performing analysis. Yes, it takes some work, but generally once you get into the swing of it, it doesn't take long, and the higher timeframes only require analysis once in awhile. It allows me to have a higher win-rate and be more on side with how the market is predisposed to move. Whilst it is not required in order to be profitable, my personality and system requires me to make more frequent wins.
I hope you find this video insightful.
- R2F
Germany's DAX Threatening Big Break Below Trend SupportGermany's DAX index has had a solid 2024 so far, but the shine may be coming off the bullish technicals as we head into the second half of the year.
After hitting a record high near 19K in May, the index has seen its gains stall out. Prices retreated to bullish trend line support in mid-June, and with bulls failing to drive a convincing bounce off that level, the DAX is now at risk of a bearish breakdown below that level of dynamic support. A breakdown could target the March/April closing lows in the 17.7K zone next.
Trade Like A Sniper - Episode 52 - AUDUSD - (2nd July 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing AUDUSD, starting from the 3-Month chart.
If you want to learn more, check out my profile.
JPY remains under selling pressureThe Japanese government is currently enjoying the weaker yen, as it helps boost the economy. However, this is only a short-term solution, as eventually, people's anger about rapidly rising prices might overshadow that government's positivity.
#audjpy EASYMARKETS:AUDJPY FX_IDC:AUDJPY
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
why both gold and dollar rising?While gold and the US dollar typically have an inverse relationship, there are scenarios where both can rise simultaneously. Here are some reasons why this might happen:
1. Global Economic Uncertainty
Safe Haven Demand: In times of significant global economic uncertainty or geopolitical tensions, both gold and the US dollar can be seen as safe-haven assets. Investors might flock to both for safety, driving up their prices simultaneously.
2. Inflation Concerns
Inflation Hedge: If there are rising inflation concerns, investors might buy gold as a hedge against inflation. Simultaneously, if the US Federal Reserve signals or implements interest rate hikes to combat inflation, it could strengthen the US dollar. Thus, both assets could rise together in response to inflation fears.
3. Diverse Investor Behavior
Diverse Risk Perception: Different investor groups might have varying risk perceptions and strategies. Some might be buying gold due to concerns about fiat currencies and long-term value retention, while others might be buying the US dollar because of its short-term liquidity and stability.
4. Central Bank Policies
Monetary Policy Divergence: If other major economies are implementing more aggressive monetary easing compared to the US, the US dollar might strengthen relative to other currencies. Simultaneously, if these policies stoke fears of currency devaluation or economic instability, gold might also rise as a hedge.
5 . Mixed Economic Data
Mixed Signals: There might be mixed economic data where certain indicators (like strong GDP growth or low unemployment) support a stronger US dollar, while other indicators (like high inflation or high debt levels) support higher gold prices.
6. Short-term Market Dynamics
Market Speculation: Short-term trading dynamics and speculative activities can cause both gold and the dollar to rise simultaneously. Traders might be reacting to news or events that have complex implications for both assets.
7. Real Interest Rates
Real Interest Rates: If real interest rates (nominal interest rates adjusted for inflation) are low or negative, both gold and the dollar can rise. Investors might seek gold as a store of value while also moving into the US dollar for its relative stability.
Recent Examples
Pandemic Response: During the COVID-19 pandemic, there were periods when both gold and the US dollar rose. This was due to massive economic uncertainty prompting safe-haven buying of gold, while global demand for liquidity and safe assets boosted the US dollar.
Geopolitical Tensions: Events like geopolitical conflicts can lead to simultaneous rises in both assets as investors seek safety in gold and the US dollar.
Conclusion
While the typical relationship between gold and the US dollar is inverse, various factors like global uncertainty, inflation concerns, diverse investor behaviors, central bank policies, mixed economic data, and short-term market dynamics can lead to both rising together. Understanding these factors helps in comprehending the complex interactions in financial markets.
xauusd analysis for the day 1/07/2024xauusd is following a neutral pattern for the day before European market opening.
we will provide major support and resistance for the recent market scenario. a further update will be given based on market momentum changes,
right now xauusd is following a ranging market.
Support
2321
2314
2306
2297
2288
2282
Resistance
2332
2337
2347
2362
2378
2396
these support and resistance can be used as bullish and bearish targets for your trades,
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