FOMC
SPX 9/26/22 No new entries so far So far no new entries on anything today and I'll probably leave it that way. We have had a confirmed response to the +OB and the +FVG after opening up the week to the downside. That said, we are still heavy and holding within a range (3704.10-3657.90) for now.
10:00am
USD
FOMC Member Collins Speaks
4:00pm
USD
FOMC Member Mester Speaks
These two news events are going to likely drive us for the day so I'll likely hold on for those and look for a response to whatever POI we are near at those given times.
SPX
Economic calendar for this week is fire. Check it out! 🔥🔥🔥This week is promising to be very interesting from fundamental point of view. It's the end of financial year in USA.
On the chart you can see the most important forecoming events that will influence cryptomarket.
Legend:
CC - Consumer confidence
Powell - speaks Chairman of Federal Open Market Comitee
Lagarde - speaks President of European Central Bank
TB - Trade balance
GDP - Gross Domestic Product
It's better to not hold any trades during fundamental news as market becomes unpredictable and your stoploss may be taken.
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊
EURUSD: Gains should be limited!EURUSD
Intraday - We look to Sell at 0.9719 (stop at 0.9791)
The primary trend remains bearish. We can see no technical reason for a change of trend. A firmer opening is expected to challenge bearish resolve. A Fibonacci confluence area is located at 0.9740. Preferred trade is to sell into rallies.
Our profit targets will be 0.9553 and 0.9525
Resistance: 0.9750 / 1.0200 / 1.1100
Support: 0.9550 / 0.9500 / 0.9400
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
SEP FOMC GOLD TRADE PLANHello Everyone
This is my Trade plan for this SEP FOMC
1) We can Expect Breakout tonight
Trade Setup 1680 above close
Clean BULLISH BIAS towards
TARGET 1=1693.5
TARGET 2=1709.5
2) FOR SELL
Trade Setup 1660 below close
Clean BEARISH BIAS towards
TARGET 1=1650.3
TARGET 2=1631.95
3)Dont stuck your positions in this range
It will be Choppy untill FOMC statements
Wait for clear Breakout as I Mentioned my clean Trade plan
Adam and Eve formation before FOMC?Very tricky to predict how Bitcoin would react to related news yet it has pumped after every hike in interest rate - forecasts point to three quarters of a point this meeting.
You could look at the formed pattern as a Cup and Handle or Adam and Eve but I'm leaning towards the latter because it looks more like than it does with the former.
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I'm positioning myself in a trade-the-news long.
First target is a safe bet, second is a runner moonshot. I'm using tight SL - hopefully not tight enough to be wicked out right before the news candle.
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Please be aware of the bias in the linked related idea.
It is mainly bearish but I have booked targets and trailed my stop so it is risk free.
$DXY: Trend is up, hard to stop the advance...The Dollar offers a nice reward to risk entry as a continuation trade here. I'm long via FX pairs and a Dollar Index position. Eventually, it might take coordinated intervention to stop this advance, fundamentals are firmly in place for a continued trend in the Dollar against foreign currencies, given the limitations to affect the energy market and of monetary policy itself in the Euro area. Japan benefits from increased competitivity for their exports, and won't be able to stop the advance if they wished to do so on their own. Perhaps at some point we will get coordinated intervention similar to what transpired in 1985 with the Plaza Accord. The rally here in quarterly and yearly scale is potentially of huge scale, so I'll be ready to trade any continuation signal to the upside while the trend variables remain in place.
Best of luck,
Ivan Labrie.
USDCHF: Rallies capped?USDCHF
Intraday - We look to Sell at 0.9856 (stop at 0.9881)
The previous swing high is located at 0.9870. We look for a temporary move higher. Preferred trade is to sell into rallies.
Our profit targets will be 0.9795 and 0.9785
Resistance: 0.9800 / 0.9830 / 0.9860
Support: 0.9760 / 0.9730 / 0.9700
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
XAUUSD 4H & 1H TA : READ THE CAPTIONas we can see that yesterday's price dropped exactly from the supply range that I had mentioned and dropped more than 200 pips! During this time, the price has shown the most reasonable actions! After the Federal Reserve announced an increase in the interest rate by 0.75 % , the sellers pulled the price below $1654 to exit the deal, and there, when the sellers closed the deal, buying pressure was created, and with this wave, many buyers entered the market and It managed to increase the price to ($1687 to $1690) ! After that, the price again faced selling pressure and fell again to $1655! Now the price is trading in the range of $1677! If this trend continues, the price can grow up to $1692! On the chart, pay special attention to the range of MB in the 4-hour time frame and its reaction to that level! I hope this analysis was useful for you as always!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 09.22.2022
⚠️(DYOR)
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DXY Makes New Highs After the FOMCThe DXY got a strong burst of momentum from yesterday's FOMC. Although we got our 75 bps hike (as expected), the press conference that followed was a lot more somber. Powell forecasted more hikes, despite the markets expectations of a more dovish forward guidance. This fueled an interest rate spike in treasuries, and bolstered the DXY's meteoric rally to break through highs and hit our target of 111.37 exactly. Recall that we have been projecting this level for weeks. Currently we are seeing a bit of a pullback which is anticipated. We should see support at 110.20, and potentially a sideways correction from here.
Stocks Make New Lows After the FOMCStocks got slammed yesterday, breaking through lows in the 3800's. We anticipated support at the base of the 3800 handle, but the S&P 500 broke down even lower, currently feeling out the highs of the 3700 handle. At this time, 3758 has provided support and we appear to be attempting a push back to the 3800's. The FOMC meeting came out more hawkish than expected. Although we did get the projected 75 bps hike, the rhetoric of Powell's press conference that followed was quite somber and the markets did not get the dovishness they expected. They've reacted accordingly with this selloff. If we are able to break through current levels then 3825 is the next target. If not, 3758 should hold as a floor for now.
The Bond Market Reacts to the FOMCBonds have slid further and there is no relief rally insight. The markets were hoping for a 'dovish hike' in the sense that the 75 bps hike would be followed by dovish rhetoric. In fact it was the opposite. Yields have maintained highs pressing prices further down. We are hugging 113'12 and expect support there. If not, we will use Fibonacci extension levels to determine support levels further down. Our targets are 115'03 and 115'29 if we get our relief rally.
Post FOMC autopsy - SPX, GOLD, BTC, USOIL, DAX, BONDSI forgot wheat - still looks fine for bulls.
All in the video, expecting a pump up today and then further selling to 3700. Sentiment is extremely bearish and so with the technicals I'm watching I'm expecting a rally sooner rather than later. OIL looks good for a nice swing up, Gold as well, Bonds may have a breakout on TLT, but we need to see follow through - one more low there would not be a problem. BTC still holding fib support - to me that's bullish. DAX at strong trendline support with Weekly bull divergence - also looks good for a nice rally.
good luck!
BTC Long Term Buy Levels and Sentiment DiscussionNot financial advice - I hope you find my TradingView posts educational and entertaining
Bitcoin has been struggling as of late behind a harsh economic backdrop.
Historically, Bitcoin has not performed well in September and I don't see 2022 being an exception.
From the previous all time high of Bitcoin in November 2021, it is down upwards of 70%. Looking at bear markets historically, hitting the 85% mark would indicate the end of the bear market in the range of $10-14K. Let's look at some important pieces of information to keep in mind over the coming days, weeks and months.
Interest Rates
The Federal Reserve is expected to raise rates tomorrow (9/21) by either 75 or 100 basis points. Given that the S&P 500 is holding below resistance, markets are prepared to either push above or fall below. Bitcoin is in a very similar situation.
The Federal Reserve has expressed that their primary goal is to get inflation under control. With consumer inflation dropping slightly, and core inflation increasing slightly, I am personally expecting a 100 point hike.
Bitcoin dropping below the 0.618 Fibonacci circle would be exceptionally bearish, finding temporary support at the 0.5 Fibonacci circle.
Cryptocurrency Market Sentiment
There is an abundance of fear in the market. Anticipation of doom, with Bitcoin reaching levels of $10K, $9K, $4K, even $2K. These levels are possible, especially since this is the first recession Bitcoin has been a part of.
Assuming an (unlikely) pivot from the Federal Reserve, this doom sentiment may indicate a (temporary) double bottom on BTC. Historically it is rare to see the cryptocurrency fear and greed go below 10, which we have already seen during this bear market.
My Takeaways
Never invest more than you are willing to lose.
Limit orders are your friend.
Many people are expecting a drop to $10-14K. Bitcoin might find support above those levels OR it might find support below. I have included possible buy levels on the chart (in turquoise) at $17.7K, $16.6K, $14.3K, $12.5K, $9.4K, and $5.7K. Given a drop below $2.7K (in orange), it would be safe to assume in my mind that Bitcoin is in an extended bear market at least until the Federal Reserve pivots to a more dovish stance.
Nothing is a guarantee, but as it stands - the market is not on the side of Bitcoin.
"No cash on me girl, I only pay with circles" ~Deaton Chris Anthony
Happy trading (and investing), everyone!
FOMC 21.9.2022. Just an idea.In all of 2022. market rallied after FOMC meeting just to go lower shortly afterwards. Only on 16th march it went lower straight away.
My base case is market just go lower fading the summer rally move all the way and finding support somewhere around 269 (PT 1, june 22. low) or 237 (PT2, precovid high).
Second case is retest of vopc, roughly 312. and than lower.
Third case brakes through 312 and retest it, that would be bullish case for me.
All thoughts and ideas are welcome.
Happy hunting.