EUR/USD: Price Increase Outlook in the Upcoming PeriodEUR/USD responded to new demand and rose to 1.0750 in the European trading session on Thursday.
From a technical perspective, a positive signal is emerging as EUR/USD may be forming aa cup and handle. In this scenario, the expectation is for the price to continue rising to the first resistance level at 1.0727, followed by the psychological milestone of 1.0885.
Buy-sell
EUR/USD Maintains Steady Upward Trend Amid Softening USDEUR/USD maintains an upward channel oscillating around the 1.0700 level. The weakening strength of the USD is gradually paving the way for a gentle rise in this currency pair.
From a technical standpoint, we observe that EUR/USD continues to hold above the simple moving averages (SMA), while the relative strength index (RSI) remains around the 60 mark, indicating stability in the upward trend.
Expectations for further price increases in this pair will encounter a resistance level at 1.0714, potentially shaping the trajectory of its future upward movement.
Gold Stability Amidst Rising US YieldsGold remains stable amidst a downward trend, given the backdrop of rising US yields. Reduced tensions in the Middle East contribute to market stability, albeit dampening the demand for gold.
Looking at the one-hour chart, it's evident that gold's potential for price appreciation is still constrained. The Relative Strength Index (RSI) has solidified around the 40 mark, indicating a significant decline in upward momentum within the downtrend. Furthermore, the formation of a triple top pattern along with substantial price declines also signals a clear phase of market weakness.
TMUS T-Mobile US Options Ahead of EarningsIf you haven`t bought TMUS before the previous earnings:
Then analyzing the options chain and the chart patterns of TMUS T-Mobile US prior to the earnings report this week,
I would consider purchasing the 155usd strike price Puts with
an expiration date of 2024-11-15,
for a premium of approximately $4.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BAC Bank of America Corporation Options Ahead of EarningsIf you haven`t bought AAPL before the previous earnings:
Then analyzing the options chain and the chart patterns of BAC Bank of America Corporation prior to the earnings report this week,
I would consider purchasing the 35usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $2.82.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PG The Procter & Gamble Company Options Ahead of EarningsIf you haven`t bought PG before the previous earnings:
Then analyzing the options chain and the chart patterns of PG The Procter & Gamble prior to the earnings report this week,
I would consider purchasing the 155usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $8.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SLB Schlumberger Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SLB Schlumberger Limited prior to the earnings report this week,
I would consider purchasing the 54usd strike price in the money Puts with
an expiration date of 2024-4-19,
for a premium of approximately $3.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Gold Fluctuations and Upcoming TrendsThe gold market (XAU/USD) is facing strong selling pressure for the second consecutive day, dropping to near its lowest level in over two weeks, hovering around the $2,300 mark before entering the European trading session.
Despite overnight attacks on US forces in the Middle East, investors remain optimistic, believing that the conflict between Iran and Israel will not escalate further. Furthermore, expectations that the Fed may postpone interest rate cuts have reduced demand for the yellow metal.
From a technical perspective, looking at the chart reveals that gold is moving within a narrow range, indicating weak momentum from both sides. It is anticipated that gold will continue to decline as it breaks through this support level, potentially pushing prices even lower.
T AT&T Options Ahead of EarningsIf you haven`t sold the double top on T:
nor bought the dip:
Then analyzing the options chain and the chart patterns of T AT&T prior to the earnings report this week,
I would consider purchasing the 16.50usd strike price Puts with
an expiration date of 2024-4-26,
for a premium of approximately $0.46.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
EUR/USD Continue to Face Downward Pressure EUR/USD continues to face downward pressure as it drops below the 1.0650 level during the European trading session on Monday. The renewed strength of the US Dollar does not allow this currency pair to gain traction, especially as focus shifts to the speech by ECB President Lagarde.
Chart analysis indicates that EUR/USD is continuing to approach support levels and forming a double-top pattern. It is expected that in the short term, the price will approach the support zone at 1.0600, which investors need to pay attention to when making trading decisions.
CLF Cleveland-Cliffs Options Ahead of EarningsIf you haven`t bought the dip on CLF:
Then analyzing the options chain and the chart patterns of CLF Cleveland-Cliffs prior to the earnings report this week,
I would consider purchasing the 22usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $2.93
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
UPS United Parcel Service Options Ahead of EarningsIf you haven`t sold the Double Top on UPS:
Then analyzing the options chain and the chart patterns of PUPS United Parcel Service prior to the earnings report this week,
I would consider purchasing the 142usd strike price Puts with
an expiration date of 2024-4-26,
for a premium of approximately $3.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Geopolitical Unrest Drives Gold Beyond $2,400The political tension between Israel and Iran continues to escalate, propelling Gold prices to regain momentum and surpass the $2,400 mark in Friday's Asian trading session. If this tension continues to escalate, forecasts suggest that Gold prices could experience even stronger growth, potentially reaching the $2,500 threshold.
Looking at the chart, we can observe that prices have crossed above the Simple Moving Average (SMA) lines and are advancing further upwards, indicating a very strong upward trend.
GBP/USD Recovery, Expected to Extend the Upward MomentumGBP/USD is rebounding towards the 1.2450 level in early Europe on Friday, after testing the 1.2400 mark.
Looking at the chart, we can see an upward trend being established, with prices surpassing the simple moving averages (SMA), indicating the strength of the recovery. Additionally, the Relative Strength Index (RSI) is trading above the 50 level and is expected to reach 60, showing that the growth is being fueled and could develop strongly in the near future.
Chart Analysis: GBP/USD DowntrendGBP/USD is rebounding towards the level of 1.2450 in early Europe on Friday, after testing the level of 1.2400. The GBP/USD pair still maintains its weakness due to the deepening geopolitical tensions, particularly following Israel's attack on Iran.
Looking at the chart, we can see that the price is still maintaining below the SMA line, despite the recovery effort, it faces resistance near the SMA 20 line. Furthermore, the Relative Strength Index (RSI) is trading below the 50 level, signaling that the price may continue its downward trend.
Potential Sharp Decline Looms for EUR/USD as USD StrengthensThe significant recovery of the US Dollar (USD) has interrupted the EUR/USD's rebound process after it reached a peak around 1.0690 on Thursday. This currency pair declined below the 1.0640 level in Friday's Asian trading session.
Based on technical analysis, the technical indicators are supporting the downward trend. The price of this pair is gradually recovering; however, it is still constrained by the SMA line. Additionally, the Relative Strength Index (RSI) is trading around the 40 level. If the price drops to this level, there is a possibility of a sharp decline.
"EUR/USD Continues Decline Below 1.0640 Amid Fed CommentsIn Friday's Asian trading session, EUR/USD continued to decline below the 1.0640 level after reaching a peak near 1.0690 on the previous Thursday. Comments from officials at the Federal Reserve (Fed) provided some support for the US Dollar, driving down the EUR/USD pair.
On the 4-hour chart, we observe that prices have tested all the SMA lines, indicating that the downward trend is gaining strength. This suggests that selling pressure is increasing in the market and the US Dollar is strengthening significantly against the Euro.
Gold Surges Past $2,400 After Israel-Iran EscalationThe price of gold has undergone a new wave of increase, surpassing the $2,400 mark in the Asian trading session on Friday following Israel's retaliatory attack on Iran.
Based on technical analysis, we observe that the upward momentum of gold continues after crossing the SMA 20 line. The Relative Strength Index (RSI) trading above the 60 level indicates that the upward trend is developing strongly and may persist in the future.
Gold Shows Signs of Recovery, Targets $2,400 MarkGold experienced a volatile session on Wednesday, dropping to $2,354 in the US trading session. Despite the price decrease, there are signs of a mild recovery. Expectations are high for gold to surpass the $2,400 mark.
Based on technical analysis, the price is gradually recovering and heading upwards. If the price continues to rise and surpasses the 60 level, it could be predicted that the price will reach the psychological threshold of $2,400 and continue its upward momentum to the previously established peak of $2,431.
RF Regions Financial Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RF Regions Financial Corporation prior to the earnings report this week,
I would consider purchasing the 18usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $1.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Analyzing Bitcoin'sTrend: Corrections and Recovery SignalsOverall, Bitcoin (BTC) is still maintaining an upward trend. However, there are signs indicating that a correction is taking place. Looking at the chart, BTC is undergoing a correction process and showing signs of recovering from the downward phase. It is expected that the price may decline towards the vicinity of the 20-period Simple Moving Average (SMA), close to the 0.5-0.618 Fibonacci level.
USD/JPY Rebounds: Japan's Intervention Boosts USD/JPYThe strong recovery of the USD/JPY pair is attracting attention, reflecting Japan's intervention to temporarily address the weakness of the Japanese Yen (JPY).
Technically, on the chart, the strength of the upward momentum is clearly evident. The Relative Strength Index (RSI) is stabilizing around the 60 level, indicating a significant upward trend of this currency pair. Additionally, the price is gradually adjusting on the Simple Moving Average (SMA), signaling a positive indication of the potential continuation of the upward trend.
Bitcoin Correction Signals Shift to Bullish TrendOverall, BTC is experiencing a mild correction phase and showing signs of transitioning into an upward trend.
Based on technical analysis, on the chart, we see that the price of BTC is expected to continue testing the SMA 100 zone, especially at the 0.5 - 0.618 Fibonacci levels.