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Are We Bearish on the 4 Hour Chart...?On the lower timeframe, we have seen a great deal of bullishness. But all of this bullishness on the lower timeframe of the 1 hour has been seen as a move to drive the market into our earlier marked out 4 hour reversal zone. Market is currently in our reversal zone, and we are seeing some signs of reversals. We will wait for a confirmation of the reversal to enable us jump in on it. It is expected that our zone will hold, the market will reverse, and we will see lower prices printed. Our target on the downside is the 4 hour liquidity target at 1.06657
by PanzyPips
WHAT IS APY IN CRYPTO ?💹 APY (Annual Percentage Yield) is the amount of money an investor will earn in a year if the money is reinvested after each accrual period. The calculation formula is compound interest. In cryptocurrencies and decentralised finance (DeFi), APY is used to express the returns users can get from staking, liquidity mining and other types of income farming. 📍 UNDERSTANDING APY CALCULATION APY allows users to understand what annual returns they can expect from their investments, taking into account reinvestment of interest earned. This helps to compare different investment opportunities in cryptocurrency startups: ➡️ Comparing the returns of different cryptocurrencies in staking, income farming on one exchange. ➡️ Comparing the yield of staking one coin on different exchanges. The rate, which is calculated using the simple interest formula, only takes into account the initial investment amount. In comparison, APY gives a more accurate idea of how much an investor will earn, taking into account the re-investment of interest 📍 THE APY CALCULATION FORMULA IS: APY is the Annual Percentage Yield r is the interest rate per period (in decimal form, e.g. 0.05 for 5%) n is the number of times interest is compounded per year For example, if an investment has an annual interest rate of 5% compounded quarterly, the APY would be: APY = (1 + 0.05/4)^(4) - 1 = 5.127% This means that over a year, the investment would earn an effective annual return of 5.127%, taking into account the compounding effect. Note that this formula assumes that the interest is compounded at the end of each period, which is often referred to as "compounding frequency". The more frequently interest is compounded, the higher the APY will be. 📍 THREE CRUCIAL POINTS TO KEEP IN MIND ARE: 1️⃣ Frequency of interest accrual. The more frequently interest is accrued, the higher the APY will be, even if the nominal interest rate remains the same. 2️⃣ Reinvestment. APY assumes that all interest earned is reinvested, which increases the total return. 3️⃣ Transparency. APY provides a more accurate representation of potential returns compared to a simple interest rate. APY is a forecast and actual returns may vary. It may be affected by market volatility, changes in interest rates, risks associated with a particular investment product. APY is specified for each product and each coin separately, you can find this information on the website of the cryptocurrency exchange. To understand the amount of earnings, you need to know the period of accrual of income. For example, accrual in staking can occur both every minute and every day. In addition to APY, there is another key rate to consider: APR (Annual Percentage Rate). Similar to APY, APR is a rate that measures the yield of an investment, but it is calculated using the simple interest formula. While APR is commonly associated with the cost of borrowing at an interest rate, it can also be applied to investments. Like APY, APR is not a fixed value, as it can fluctuate based on network activity and other factors. 📍 CONCLUSION APY is a critical parameter that represents the return on an asset with compound interest, taking into account the reinvestment of profits after each accrual. This metric is essential when evaluating the feasibility of staking or other income-generating opportunities. For instance, it can help you decide whether to stake Coin A or convert it to Coin B and stake it instead. By comparing APY rates for different coins and staking options, you can make informed decisions about where to allocate your assets to maximize your returns. Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Education
by Lingrid
3
Price Discount in USD/JPY - Trend ContinuationThe market is a discounting mechanism. When prices rise too high, buyers start taking profits, aiming to buy at lower prices during an uptrend. This behavior sustains the trend. In USD/JPY, this concept is evident. The swing low at 160.26 attracted strong buyers, pushing the price above the previous high, creating a new higher high. At this peak, buyers no longer saw value and took profits, seeking a discount to buy at a lower price. Fibonacci retracement is useful in trending markets, as its key ratios indicate potential levels of trader participation. Currently, the price has been discounted to the 76.4% retracement level of the rally. The corrective ABC pattern brought the price from the high to the current discount. Based on this scenario, we expect more buyers at this higher low, pushing the price above the recent high. Using Fibonacci as a target tool, we anticipate the price reaching at least the 123.6% level of the current rally. The risk in this trade is if the swing low of 160.26 is broken, buyers won't be profitable, so this level will be our stop loss. The risk/reward ratio for this trade is 7.05. Always think in probabilities.
Long
by Charts247TradingAcademy
1
Is Biden quitting the biggest market risk right now? Bloomberg reports that dozens of U.S. House Democratic lawmakers are considering sending President Biden a letter urging him to withdraw from the race. The New York Times confirms this, citing a key Biden ally who reveals that the president understands the fragility of his candidacy following a lackluster debate performance last week. Despite the speculation, White House Press Secretary Karine Jean-Pierre has dismissed these claims as "absolutely false," asserting, "The president said it is absolutely false. That is coming directly from him." President Biden, at least publicly, remains steadfast, confident in his mental sharpness, and in another concerning sign, seemingly perplexed by the ongoing doubts about his capabilities. However, a recent Reuters/Ipsos poll highlights one in three Democrats think Biden should step aside. When potential replacements were considered, former First Lady Michelle Obama strangely emerged as the leading candidate in a hypothetical matchup against former President Trump, with a 50% to 39% lead. Meanwhile, Vice President Kamala Harris trails Trump by a narrow margin of 42% to 43%, indicating her competitive standing is comparable to Biden's. Rep. Lloyd Doggett of Texas has become the first Democratic lawmaker to publicly call for Biden's withdrawal, expressing hope that the president will make the "painful and difficult decision" to step down.
TVC:DXY
by BlackBull_Markets
EUR/USD Gains Amid Market Risk Flows: Short-Term Long PositionThe EUR/USD pair is trading in positive territory, slightly above 1.0750, following modest gains on Tuesday. While the technical indicators suggest a buildup of bullish momentum, the pair may face resistance in clearing the 1.0790-1.0800 range unless supported by significant fundamental factors. As Wednesday's session began, risk appetite dominated the markets, making it challenging for the US Dollar (USD) to attract demand. The upcoming USD Unemployment Claims and ISM Services PMI forecasts suggest a bearish outlook for the USD, prompting traders to favor the EUR. Our primary strategy is to wait for the price to reach a supply area before considering a potential short position. Given that the price rose from a demand area yesterday, our current focus is on a short-term long position, targeting the 1.0850 level. Later in the day, the ADP Employment Change and ISM Services PMI data from the US will be closely watched for new market insights. ✅ Please share your thoughts about EUR in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
GOLD Hits $2,300 Support Zone as Fed Officials Maintain Hawkish 🟡 Gold pushed lower to around $2,300 on Wednesday as investors weighed comments from Federal Reserve (Fed) officials, who remain hesitant to cut interest rates amid persistently high inflation. This reluctance by the Fed to reduce rates has exerted downward pressure on gold prices. However, the Commitment of Traders (COT) report reveals strong institutional interest in gold, indicating a substantial long position. Additionally, the price has reached a significant demand area that aligns with the 78.6% Fibonacci retracement level at the $2,300 support zone. This convergence of factors is further supported by a divergence, suggesting a potential bullish reversal. Given these conditions, we are considering adding another long position in gold from this point, anticipating a rebound from the current support level.
OANDA:XAUUSDLong
by FOREXN1
1
Levels discussed on 3rd July Livestream3rd July DXY: Needs to break 105.70 (61.8% retracement), to trade lower to 105.40 and bullish trendline. Below 105.40 could trade down to 105.15 support NZDUSD: Buy 0.6110 SL 20 TP 45 AUDUSD: Could trade higher, look for reaction at 0.67 resistance level USDJPY: Buy 162.20 SL 30 TP 80 GBPUSD: Look for reaction at 1.2740 (UK elections on 4th July) EURUSD: Buy 1.0790 SL 20 TP 60 USDCHF: Buy 0.9020 SL 20 TP 50 USDCAD: Buy 1.3625 SL 20 TP 60 Gold: Breaking out of the range, above 2345 could trade up to 2355
TVC:DXY
by JinDao_Tai
EUR/USD Awaits ADP Data!EUR/USD Analysis Current Overview EUR/USD is retreating towards 1.0700 during the European session on Wednesday. The pair is under pressure as the US Dollar finds stability after dovish comments from Fed Chair Powell. Cooling inflation in the EU keeps the Euro under pressure. Eyes are on the US ADP report and Fed Minutes. Key Support and Resistance Levels Support: 1.0650 Resistance: 1.0780 Recent Trends and Outlook Euro Weakness: Primarily due to cooling inflation in the EU and comments from the ECB about further rate cuts. US Dollar Strength: Supported by more hawkish comments from Fed officials and the possibility of a rate cut in December. Recent Trading Range: 1.0730-1.0740, reflecting a consolidation phase. Fundamental Analysis Eurozone: The ECB is considering further rate cuts by the end of the year, with inflation at 2.5% YoY and core inflation at 2.9%. United States: Debates on one or two rate cuts by the end of the year, with a 69% probability for a cut in September and 95% for December, according to the CME Group's FedWatch Tool. Political and Economic Factors ECB Forum in Sintra: Discussions between Lagarde and Powell. Lagarde highlighted progress in Eurozone disinflation, while Powell emphasized the need for more data before deciding on rate cuts. French Elections: The upcoming round of elections in France could further influence the EUR/USD pair, introducing short-term volatility. Short-Term Outlook Bearish Risk: If bears regain control, EUR/USD could test the June low of 1.0665. Bullish Potential: Renewed strength could bring the pair towards the 200-day moving average at 1.0790. A breakout of this level could focus on the March peak at 1.0981 and the January weekly high at 1.0998, with the psychological level of 1.1000 in sight.
Long
by EdgeTradingJourney
1
EUR/AUD: Preparing for a Bullish Rebound in a Defined RangeThe EUR/AUD currency pair is presently trading within a defined range area. Technical indicators show that the price is in oversold conditions, suggesting that a rebound is likely. Our area of interest is the Demand zone, where we expect to see a significant price increase. This expectation is supported by the fact that institutional traders are holding major long positions, indicating their confidence in an upward movement. Furthermore, we have conducted a seasonal analysis, which reveals that historically, the price tends to grow over the next two months. This seasonal trend adds another layer of confidence to our bullish outlook. Given these factors—the oversold technical indicators, the concentration of long positions by institutional traders, and the positive seasonal trend—we are now considering entering a long position in the EUR/AUD currency pair. ✅ Please share your thoughts about EUR/AUD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
GBP/USD Weakens Amid Caution Ahead of Fed Powell’s SpeechThe GBP/USD pair has retraced to 1.2618 against the US Dollar (USD) during Tuesday’s London session. The pair's weakness is attributed to risk aversion among market participants, driven by uncertainty ahead of Federal Reserve (Fed) Chair Jerome Powell’s upcoming speech and the United States (US) Nonfarm Payrolls (NFP) data for June, scheduled for release on Friday. From a technical standpoint, the GBP/USD pair is moving towards a clear support/Demand area around 1.2540, which appears to be its next target. Powell is expected to provide crucial insights into when the central bank might begin lowering its key borrowing rates. This week, investors will closely monitor labor demand and wage growth data to determine if the Fed will consider reducing interest rates starting from the September meeting, as suggested by the 30-day Federal Fund futures pricing data from the CME FedWatch tool. Given the current market conditions, we are anticipating a bearish continuation towards the Demand area around 1.2540. Once this level is reached, we will look for a potential long position from that area. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
EUR/USD Analysis: ECB Rate Cuts and Fed Policy DivergenceThe EUR/USD pair is facing significant macroeconomic factors, with the European Central Bank (ECB) contemplating additional rate cuts beyond the summer, aligning with market expectations of two more rate cuts later this year. Conversely, market participants are debating whether the Federal Reserve (Fed) will implement one or two rate cuts this year, despite the Fed's June 12 meeting indicating just one cut, likely in December. Today's release of the EUR Core CPI Flash Estimate y/y and CPI Flash Estimate y/y shows weaker prospects than forecasted. The Consumer Price Index (CPI), which measures the change in the price of goods and services purchased by consumers, suggests that a weaker result could drive the EUR/USD pair lower. Additionally, the recent rise in the US Dollar is partly due to hawkish comments from Fed officials and the growing monetary policy gap between the Fed and other major central banks, contributing to the euro's decline. In the short term, the recent ECB rate cut, compared to the Fed's decision to maintain rates, has further widened the policy gap between the two central banks, potentially leading to more weakness in the EUR/USD pair. From a technical perspective, on the Daily timeframe, we have identified a Demand Area that has not been fully tested. We anticipate a possible bearish momentum today and will look for a potential long position if the price reaches our Area of interest. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
GBP/USD Navigates Sideways Market with Focus on US Inflation DatThe recovery move in the GBP/USD pair from the 1.2660 level appears to have initiated following the price's rejection at the 50% Fibonacci retracement level from the previous swing low. Our long-term forecast anticipates closing this position around 1.2760, as the COT report indicates a potential for USD strength outweighing that of GBP. Currently, the price is trading within a sideways range, presenting an opportunity for a strategy of buying at lower, discounted prices and selling at higher, premium prices. Investors are now shifting their focus towards the upcoming release of the United States (US) core Personal Consumption Expenditures (PCE) Price Index data for May, which is scheduled for publication on Friday. This data is crucial as it is the Federal Reserve’s (Fed) preferred measure of inflation. The core PCE inflation data is expected to provide fresh insights into the timing and extent of future interest rate adjustments by the Fed. Annual underlying inflation is projected to have eased to 2.6% in May, down from the previous reading of 2.8%. On a monthly basis, the inflation rate is expected to have grown by 0.1%, a slight decrease from the 0.2% growth observed in April. Given these conditions, we are looking to establish a bullish position within this sideways trading area, leveraging the price movements to buy low and sell high as the market dynamics unfold.
Long
by FOREXN1
1
EUR/NZD Poised for Bullish Rebound: A Technical AnalysisLast week, the EUR/NZD currency pair experienced a notable rebound at the 1.7400 support level. This level has historically been a robust area where the price has shown resilience, indicating a strong possibility that the price will not easily fall below this threshold. The significance of this support level is underscored by previous reactions, affirming its strength. In examining the COT Report, it's evident that the NZD currently holds a stronger position on the buy side. Despite this, technical indicators suggest a potential bullish impulse for the EUR/NZD in this area. Specifically, the stochastic indicator on the daily timeframe shows an oversold condition, further supporting the likelihood of a bullish movement. Given these factors, our analysis leads us to consider a long position in the EUR/NZD. The combination of a solid support level at 1.7400, bullish technical signals, and historical price behavior makes this a compelling setup for traders looking to capitalize on potential upward momentum in the near term.
Long
by FOREXN1
3