Coffee - Is price going to drop from supply zone of feb 2022???Hey traders coffee is at highs of feb 2022, it does tend to drop in August to September time, and now were at this high commercials are selling coffee and id rather be on there side than retailers who are still buying.
So I am going to sell....
Please like comment and follow cheers
This chart material is for education purposes only / Demo account should be traded only
Analysis
Knock Knock. Who's There? Vibecession Ft. US Interest RatesHello Everyone,
IMPORTANT: ALL FED POLICIES LEAD TO NEGATIVE OUTCOMES
TLDR AT THE END
In February 2022 the Federal Reserve gave us the fastest rate raising campaign in history to try and combat very high inflation, but they were very late in raising rates causing one of the worst inflation in 40 years. During his speech at Jackson Hole he confirms rate cuts in September due to inflation being under control and the labor market "cooling." Good news is inflation is under control, however this is only the start of our labor market "cooling."
Jerome Powell is extremely late in cutting rates and will be cutting rates because we are getting BAD economic data and the cracks are showing in our labor market, commercial real estate, and banking sectors.
The Federal Reserve 100% KNOWS a recession is coming that is why they are cutting rates. We have Jerome Powell come up on stage sweet talk to us about a soft landing, inflation under control, and how he will cut rates to help the labor market. He's not going to be instilling fear in Americans as a chairman.
Just Remember, ALL FED POLICIES LEAD TO NEGATIVE OUTCOMES. Recession is coming, Sahm rule and inverted yield curve hasn't been wrong and it won't be wrong this time. This time it's not different.
TLDR: Jerome Powell is too late in cutting rates causing a recession
Fundamental Market Analysis for August 29, 2024 EURUSDEUR/USD trimmed recent gains on Wednesday, sliding lower after hitting new highs for the year as expectations of a rate cut by the Federal Reserve (Fed) in September keep risk appetite in the broad market under a ceiling.
There is little of interest on the economic calendar for the middle of the trading week, but Thursday will see the release of US Gross Domestic Product (GDP) data, which will be closely watched. Little movement is expected, however, as markets generally estimate second quarter GDP growth at an annualized rate of 2.8%.
Friday's data promises to plunge markets into a trance of boredom with the release of the fresh Harmonized Index of Consumer Prices (HICP) inflation figure for the EU at the start of the European session. EU core HICP inflation is expected to continue to decline across the board. It is forecast to be 2.8% y/y in August, down from the previous reading of 2.9%.
US Personal Consumption Expenditures (PCE) price index inflation, due on Friday, remains the key reading of the week and investors are shuffling their feet waiting for signs that inflation will continue to fall, or at least not rise fast enough for the Federal Reserve (Fed) to get on the rails for the much-anticipated rate cut on September 18.
Trading recommendation: Trade predominantly with Sell orders from the current price level
View1177 is the level. If 30 min candle closes above 1177 level tomorrow then you can go long in Axis Bank. You can buy Axis bank sept futures or Axisbank 1180 AUG PE. Keep SL at 50% of premium received . Example if you short Put @12 then keep SL @18 and book SL in futures if the Option premium reaches 18.
Sell EUR/GBP Bearish FlagThe EUR/GBP pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.8428, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.8396
2nd Support – 0.8377
Stop-Loss: To manage risk, place a stop-loss order above 0.8440. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
CADCHF - Trend ContinuationThis is a downtrend continuation trade I'm eyeing over on the CADCHF pair. Although the ADX is declining, I think this is a small pause before we see momentum accelerate again. Price failed to reverse to the upside and I'm timing this entry as price breaks below new lows.
TP: 75 pips (2x ADR)
SL: 30 pips
QQQ sold off today and plummeted in after hoursQQQ started to finally show selling with momentum for first day in nearly a week of slowly selling.
It looks as though distribution phase has passed and selling with momentum has begun.
After hours etf continues to slide dramatically
Bulls have lost with bears firmly in control at the moment
The after hours sell we are experiencing now could possibly cause it to gap down on open then get filled in the morning before selling continues.
EURUSD Is Rising In An Impulsive Five-Wave CycleEURUSD is coming higher, possibly breaking out of a triangle on a higher time frame chart, as market breaks above 1.1140, so it seems that some big moves can be happening. In fact, we clearly see higher highs and higher swing lows on 4h time frame, that looks like a wave 3 from the last two weeks, so more upside can be coming after a current pullback. Support on dip for wave four is at 1.11, from where market can be headed up to 1.1250-1.13. Trend will change below 1.10.
XAUUSD Daily Chart AnalysisHere's a detailed breakdown of the XAU/USD daily analysis to guide your trading decisions:
Buy Scenario:
Trigger Point: Watch for the daily candle to close above 2519.208. This level is crucial as a close above it signals a potential bullish trend.
Target: Should the buy signal be confirmed, set your target at 2531.800. This target suggests a move of at least 100+ pips, giving you an opportunity to capture significant gains.
Action: If the candle closes above the specified level, consider entering a buy position. Monitor the price closely to adjust your strategy as needed.
Sell Scenario:
Trigger Point: Look for the daily candle to close below 2509.722. This would indicate a bearish shift and signal a potential selling opportunity.
Confirmation: After the close below this level, wait for a Change of Character (CHOC) confirmation to validate the bearish trend. CHOC helps ensure that the market is indeed shifting direction before committing to a sell trade.
Target: If the CHOC confirmation is met, aim for a sell target of 2494.200. This setup provides an opportunity to gain at least 100+ pips.
Action: Once you have the CHOC confirmation, enter the sell trade and monitor the price movement closely. Adjust your stop-loss and take-profit levels to manage risk and maximize returns.
Summary:
Buy if the daily close is above 2519.208 with a target of 2531.800.
Sell if the daily close is below 2509.722 and confirmed by a CHOC, targeting 2494.200.
Keep an eye on these levels and be prepared to act according to market conditions. With these strategies, you can position yourself to potentially capture significant profits. 📊💰
USDJPY Vulnerable on Monetary Policy DynamicsThe pair is heading towards its second straight losing month, due to the shift in monetary policy dynamics, which could fuel further losses and new 2024 lows towards 140.26. Chair Powell offered the strongest signal to date of a September pivot, bolstering market optimism for multiple rate cuts ahead. The bank of Japan is on the opposite direction, trying to make policy less loose. Stepping up its effort, it raised rates for second time in this cycle and pointed to more moves, while Governor Ueda stack to script last week.
On the other hand, Mr Powell did not offer any insights around the size and pace of rate cuts, while market pricing for four moves this year is stretched. The BoJ’s latest rate hike meanwhile sparked volatility and forced the bank to pledge to not hike again while markets are unstable. Furthermore, the rate differential will still be wide even if the BoJ hikes again and the Fed cuts more than once.
As such, a recovery effort would not be surprising, but the EMA200 (black line) and the 38.2% Fibonacci of the recent slump can cap the upside. Sustained strength above this resistance confluence does not easy under the current policy dynamics.
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Losses can exceed deposits.
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Past Performance is not an indicator of future results.
The Ultimate Guide to Buying BTC on Spot: Strategies for SuccessDelve into the world of Bitcoin trading with this in-depth guide to buying BTC on the spot market. We'll explore the best practices for purchasing Bitcoin, including tips on timing, market analysis, and risk management. Whether you're a long-term investor or a short-term trader, this guide will provide the insights needed to maximize your returns in the ever-evolving crypto landscape. Learn how to secure your position in Bitcoin, the world's most valuable cryptocurrency, and make informed decisions that align with your financial goals.
Fundamental Market Analysis for August 26, 2024 EURUSDThe EUR/USD pair continues to rise for the second session, trading near 1.11900 during the Asian session on Monday. The rise in EUR/USD is attributed to the decline in the US dollar following a dovish speech by US Federal Reserve (Fed) Chairman Jerome Powell at a symposium in Jackson Hole on Friday.
Fed Chairman Jerome Powell stated, “The time has come for policy adjustment.” Although Powell did not specify when the rate cut would begin or what its potential size would be, markets expect the U.S. central bank to announce a 25 basis point rate cut at its September meeting.
In addition, Philadelphia Fed President Patrick Harker emphasized on Friday the need for the U.S. central bank to gradually lower interest rates. Meanwhile, Chicago Fed President Austan Goolsbee noted that monetary policy is currently as restrictive as possible and the Fed is now focused on achieving its employment mandate.
As for the euro, European Central Bank (ECB) Governing Council member Olli Rehn said on Friday that slowing inflation along with weakness in the eurozone economy strengthen the case for lower borrowing costs next month, Bloomberg reported. Growth prospects in Europe, especially in the manufacturing sector, are quite weak, strengthening the case for a rate cut in September.
Trading recommendation: Trade predominantly with Buy orders from the current price level
Bitcoin: Bullish on All TimeframesThis is Sunday evening and it is time for a Bitcoin TA. I will go accross multiple timeframes starting from 1W down to the 2H.
On the monthly timeframe, we can look back to 2020. As of 2021, we experienced this year a 7 months in a row uptrend until March, after which holders have been struggling since.
However, this cycle looks different, because price has been holding and accumulating in the upper area (78%) of the fibonnaci retracements.
This month will close soon, and price should close above the exponential moving averages and print a long lower shadow candle pattern, if things continue like this.
The volume profile is in sync with the fibonacci retracements, indicating key support levels at 58 800, 47 000, 38 800.
On the weekly timeframe, a gigantic cup and handle is forming.
The key resistance to break is at 70 000, and the pattern target would be 126 000.
Moving averages remain bullish and the 50 MA made support in the first week of august.
On the daily timeframe, we can see an increase in trading volume.
A death Cross between MA 50 and MA 200 happened on August 10th but at such a low angle (1.36) that it was not really significant.
Today, price is trading above both MAs and remains bullish.
The 4 hours timeframe is showing clear higher lows and higher highs, both on price and RSI.
The parabolic SAR circles are mainly green than red indicating bullish action.
The 2 hours timeframe is plotting a Bullish Pennant, with a target at 69 000.
The Bollinger Bands are indicating that a breakout is likely to happen soon, followed by a big move in price.
Looking bullish on KHC immediately. Check the video out!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
CadChf could see some downside if Chf strengthensHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Usd end week by flushing down to 101 as predicted!Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Cautiously carry out your short if there's any, light news week this week. There might be bounce off this key level. Let's watch!
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
U.S. Dollar / Swiss Franc - Is it time to go up again?Hey Traders
We have USD/CHF, just bounced out of demand zone, I am expecting a little pullback before continuing up, all weekly fundamentals are looking good for a buy, so the only way is up from here, details on the chart....
Please like comment and follow cheers
This chart material is for education purposes only / Demo account should be traded only
Buy Gbp/Usd Bullish FlagThe GBP/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent formation of Bullish Flag 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 1.3100, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.3171
2nd Support – 1.3207
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
XAGUSD / TRADING UNDER DOWNWARD PRESSURE - 4HXAGUSD / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 29.65 .
Downward Condition : With the price holding steady at the current turning level at 29.65 , it is likely to decline towards the support level of 28.85. If it stabilizes below this level, it could then reach the next target level of 28.11 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 29.65 , leading to a rise toward the resistance level (1) at 30.48 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 31.28 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 30.48 .
RESISTANCE LEVEL (2) : 31.28 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 28.85 .
SUPPORT LEVEL (2) : 28.11 .
TURNING LEVEL : 29.65 .
Breakout Alert: KSM Surges as Falling Wedge Pattern Shatters!🚨 NYSE:KSM is breaking out of a Falling Wedge pattern on the 1D chart, which is typically a bullish reversal signal.
📈 Entry Point: $20.00 to $22.00
🎯 Targets:
$26.93
$33.75
$49.80
$64.13
🔄 Trading Options: NYSE:KSM is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $18.00.
📊 About NYSE:KSM :
KSM (Kusama) is a scalable, multichain network for radical innovation in the blockchain space. It serves as a testing ground for Polkadot, offering developers the opportunity to experiment and fine-tune their projects before deploying them on Polkadot’s main network.
📢 DYOR, NFA
xauusdperfect short yesterday.. as expected. thank you all of you.. as we look at the chart gold created LL and bounced up back to retest 2497 to 2501 ob area.. as also we know that today is friday.. weekly is still up trend...!!
what are your thought on gold for today..?? short or long.?
let me know in the comment.