xauusd ADP NONFARM EMPLOYMENT REPORTADP is performs payroll services for its clients. The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is used as a predictor of the government's Labour Market Report.
A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
FORECAST 173K
PREVIOUS 192K
ACTUAL 152K
the data released is less than forecast and also less than previous report, which is too much bearish for dollar.
its impact may show up after the us market is opened
Analysis
$BBLUSDT - seems we are almost on the bottomMy observation is that the pair BYBIT:BBLUSDT dropping becomes more and more horizontal. This can be a signal for the turn nearing.
If it shows a real jump out of descending channel, I waiting forward to the growing phase of this instrument during the next 2 quarters.
Does not constitute a recommendation.
#furoreggs #investing #currency #idea #forecast #trading #analysis
Gold : Buyers need weak data from USAFOREXCOM:XAUUSD
🌘Gold buyers trying with 2346 Support level which is in the past used as support and resistance level.
🟣Gold goes up past week because of GDP and Unemployment calims weak datas.
🔵The expectation todays JOLTs Job Openings from 8.488 decrease to 8.350 also
JOLTs Job Quits 3.329 decrease to 3.200.
🟡Decrease more than forcast Job Openings could effect to Consumer Confidence and Wage growth and Disposable Income.
🟢By the way Investors should consider to Quit job data because downtrend in Quit job
shows doubt in the labor market.
⚪Weaker conditions in the labor market may push FED to take less Hawkish stance on Intrest Rates.
🔶 Supoort levels: 2331 , 2321 💤Weak rsistance: 2339 🔷Resistance level: 2346
An increased inflow of funds into Bitcoin ETFBitcoin moved higher lately, breaking some key resistance barriers. This might have been initiated by the inflow of new funds into the Bitcoin ETF.
#BTCUSD EASYMARKETS:BTCUSD
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.
Trade Like A Sniper - Episode 18- NIFTY1! - (5th June 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 Bank Nifty futures chart, starting from the 4-Month chart.
- R2F
Trade Like A Sniper - Episode 17- Ford Motors - (5th June 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 Ford Motors (F), starting from the 4-Month chart.
- R2F
$MATICUSDT is loadedI believe that the pair BINANCE:MATICUSDT is ready to move up much faster. I propose x10 profit in 3 months.
Does not constitute a recommendation.
#furoreggs #investing #currency #idea #forecast #trading #analysis
If you want to discuss, please subscribe and challenge this point of view. If you want to get more, please join my channels
Trade Like A Sniper - Episode 16 - Pfizer - (5th June 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 PFE (Pfizer), starting from the 4-Month chart.
- R2F
Sell GBP/USD Beairsh FlagThe GBP/USD 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 1.2710, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2665
2nd Support – 1.2640
Stop-Loss: To manage risk, place a stop-loss order above 1.2760. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Kraft Heinz Company (KHC): The Beginning of a Massive MovementSince its IPO in 2015, the Kraft Heinz Company chart reveals a clear downward trend. From a high of $97.77 in 2017, the stock has fallen to $19.99. This could be considered Wave (1). While the exact bottom is uncertain, we anticipate a further decline below the $19.99 mark over the coming years.
After hitting $19.99, the stock formed a three-wave structure upwards, typical of a corrective wave. This suggests that Waves A and B have been completed, and we are now entering Wave C or Wave (2). This wave is expected to reach between 50% and 78.6% retracement levels, translating to a price range between $58.64 and $80.81.
Currently, the stock is trading within a high-volume node between $25 and $41, with the Point-of-Control (POC) at approximately $35.50, indicating the highest traded volume at this price level. This POC can act as a pivot point, potentially leading to a breakout in either direction.
Given the high-volume node and the potential completion of the corrective wave, we might soon see an upward breakout. However, monitoring these levels closely is crucial to anticipate the stock's next move.
Examining the 4-hour chart of the Kraft Heinz Company, we can see a bullish structure emerging since Wave B, which was established at $30.68. This bullish trend is characterized by a five-wave structure leading to Wave (i), followed by a correction to Wave (ii). Currently, we are developing the sub-waves (1) and (2).
The chart shows that we are still adhering to a wedge pattern. Recently, liquidations above Wave 1 have been collected, and support was perfectly respected at the end of last week. This support level is crucial for maintaining the bullish structure.
Looking ahead, if this support holds, we expect Wave (iii) to potentially reach the $45 mark. This provides an opportunity to plan entries. However, caution is advised since entering bullish trades within a generally bearish trend can be risky.
It's imperative that this support level holds. A drop below it would invalidate the short-term bullish scenario. Furthermore, we should not fall below the $30.68 level of Wave B. If this level is breached, we will need to reassess and re-evaluate the entire structure.
Is Litecoin showing signs of weakness? #LTCUSD EASYMARKETS:LTCUSD
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.
$EURUSD pessimistic proposal for a pair of yearsI believe, that FX:EURUSD should stay sustainable and reliable pair for a long time, but I suppose it will take a part in an descending flow till the end of 2025 - mid of 2026.
Ratio 0.85:1 looks like a possible scenario for the next time.
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
If you want to discuss, please subscribe and challenge this point of view )
Trade Like A Sniper - Episode 14 - CHFJPY - (4th June 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 CHFJPY, starting from the 12-Month chart.
- R2F
GBPAUD SELL | Idea Trading AnalysisGBPAUD is moving in a descending channel between the trend lines and Resistance area. Is near the resistance, where price dropped before.
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Brief ETH Analysis | Bearish Trend? Key S & R Levels 1D TFThe 1D TF chart for Ethereum shows a consolidation period following a significant uptrend. Key events include the publication of the U.S. Consumer Price Index (CPI) on May 12 and circulating news about the upcoming approval of the Ethereum spot ETF, which caused heightened market activity. On May 20, Ethereum's price surged by 21% in a single day, a significant movement compared to the typical 9 - 11% increases. This sharp rise was driven by speculative news and positive sentiment surrounding the potential ETF approval and favorable CPI data.
After this spike, the price entered a range, characterized by increased trading volumes but low volatility candles, indicating market indecision. Recently, an "Inside Bar" pattern has formed: the middle candlestick is a small bearish candle enclosed within the previous large bullish candle, with a potential bullish candle forming today. This pattern highlights market indecision and suggests a potential breakout in either direction.
Currently, Ethereum is testing a critical resistance level around $4K. A breakout above this level, accompanied by increased volume, could signal further upward movement. Conversely, failure to break this level might lead to a pullback towards the support zones.
The current chart analysis shows that ETH is approaching a significant resistance level around $4K, marked by a descending trend line. This resistance has been tested several times, underscoring its importance.
The volume profile indicates consolidation between key support and resistance levels:
◼️ Resistance Levels: Around $3.9K and $4.1K.
◼️ Local Support Levels: Around $3.7K and $3.5K.
◼️ Bullish Scenario: A breakout above $3.9K, accompanied by increasing trading volumes, could signal the continuation of the bullish trend towards the next resistance level around $4.1K.
◼️ Bearish Scenario: If the price fails to break through the resistance and falls below the $3.5K support level, it could indicate a potential bearish reversal or an extended consolidation phase.
Monitoring trading volumes and price movements around these key levels will be critical in predicting the next significant move.
Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡
A Practical Guide For Candlestick Patterns!Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Intraday traders aim to either purchase a cryptocurrency at a low price and sell it at a higher price or short-sell a cryptocurrency at a high price and buy it at a lower price within the same day. This requires a good understanding of the market and relevant information to help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply, among other factors.
Tools such as candlestick chart patterns are very helpful to traders. We will discuss these candlestick charts and offer steps to help you read them.
Sell XAUUSD Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined channel 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 2343, positioned close to the Top of Channel level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2320
2nd Support – 2311
Stop-Loss: To manage risk, place a stop-loss order above 2354. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Trade Like A Sniper - Episode 14 - US10Y - (3rd June 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 US10Y, starting from the 3-Month chart.
- R2F
GBPUSD Analysis(3rd June 2024)
GBPUSD Analysis(15M TF)
BUY/SELL SCENARIOS:
🟢BUYS: Price comes down, test and respect the 15M OB at the 1.27152 level. A Bullish CHOCH is required in order for the BUY Set up to be A+.
🔴SELLS: Price Dumps Past the 1.27061 level. If this happens with a body candle close, Sells after a Break and Retest of the Failed 15 minute OB is possible to target lower prices.
Trade Like A Sniper - Episode 13 - AUDNZD - (3rd June 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 AUDNZD, starting from the 12-Month chart.
- R2F
BITCOIN: HISTORICAL AND LOGARITHMIC CHART!This chart is based on historical data and is logarithmic.
I believe that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot continue to grow exponentially; this would lead to insane prices of many millions in 2025. While I am a long-term Bitcoin bull, one has to remain realistic.
The cause of these growth cycles is the halvings, which lead to a supply shock followed by a subsequent rally—every time. These are all guesstimates, of course, but I think this chart is realistic.
The long-term goal for BTC in 2025 is around 150K to 180K USD, in my opinion. It won't go much higher afterward and can be seen as the final asymptotic price.
Important Things to Note
- During the 2016 bull run, after breaking its previous ATH, BTC had a 303-day bull run and reached a new ATH of $19,666.
- During the 2020 bull run, after breaking its previous ATH, BTC had a 337-day bull run and reached a new ATH of $69,000.
- In the 2024 bull run, BTC broke its previous ATH in just 500 days, which was not expected. The current situation is that BTC broke out of its previous ATH and is currently retesting it. Based on historical data, we can expect a bull run lasting between 303 and 337 days.
I hope this chart helps people understand the long-term growth dynamics of BTC. This idea is presented in a probabilistic manner.