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Eurusd time short big sell move coming like yesterday read the cEUR/USD news to watch will be the second estimate from Europe. Economists expect the data to show that the economy stalled in Q4. Eurostat will also release the latest weak industrial production data. The EUR/USD pair made a strong bearish breakout this week. It moved below the lower side of the bearish flag pattern. The pair also retreated below the support at 1.0722, its lowest point on February 6th. It has moved below the 50-period and 24-period moving averages while the
Short
by Mrsam36
Gbpusd surely Fall big dips read the caption The GBP/USD pair retreated slightly after the latest US inflation data. According to the Bureau of Labor Statistics (BLS), the headline Consumer Price Index (CPI) rose by 3.2% in January, higher than the expected 2.7%. Core inflation rose by 3.8%, higher than the expected drop to 3.6%. These numbers mean that inflation is still high in the country and that it will likely struggle to get to Fed’s target of 2.1%. It has remained between 3.2% and 3.3% in the past few months as the Fed has maintained rates at a 22-year high
Short
by Mrsam36
Gbpusd below line now big dipsThe GBP/USD pair retreated slightly after the latest US inflation data. According to the Bureau of Labor Statistics (BLS), the headline Consumer Price Index (CPI) rose by 3.2% in January, higher than the expected 2.7%. Core inflation rose by 3.8%, higher than the expected drop to 3.6%. These numbers mean that inflation is still high in the country and that it will likely struggle to get to Fed’s target of 2.1%. It has remained between 3.2% and 3.3% in the past few months as the Fed has maintained rates at a 22-year high
Short
by Mrsam36
Nzdusd going up more than expected read the caption Nzdusd lower more than expected The RBNZ’s steep rate-tightening cycle, which has raised the benchmark rate to 5.4%, has significantly lowered inflation but there is more work to be done. Orr & Co. wouldn’t mind maintaining rates in restrictive territory in order to continue pushing inflation lower. We’ll get a look at New Zealand inflation expectations for the first quarter on Tuesday, which could move the New Zealand dollar. In the fourth quarter, inflation expectations eased to 2.75%, down from 2.82%, which was its lowest level in two years.
Long
by Mrsam36
2
Usdcad PIPS gain target area read the caption On the flip side, momentum beyond the 1.3475 area (200-day SMA) is likely to confront resistance near the 1.3500 psychological mark ahead of the 1.3530- 1.3543 region, or the multiple-tops. A sustained strength beyond the latter will negate any near-term negative outlook and pave the way for some meaningful appreciating move. The USD/CAD pair might then accelerate the positive move towards the 1.3600 round figure and the 1.3611- 1.3625 supply zone
Long
by Mrsam36
eurusd strong sell zone read the caption Eurusd The low last week tested the December low of 1.0724 and buyers held their ground. Since then, price action has been a bit more muted though. The 100-day moving average (red line) has kept a lid on any upside move while the floor remains at the December low. It shows that traders are respecting the key technical channels in play - at least for now. Considering that we have the US CPI data tomorrow, the movement today is likely to be fairly muted as well. Barring any surprise headlines, traders will be waiting on the inflation numbers tomorrow before chasing any major move
Short
by Mrsam36
Xagusd sell zone read the caption Xagusd is downward biased but has bottomed out at around $22.15-$22.50, which has opened the door for an upward correction. If buyers could lift prices toward $23.00 per troy ounce, that could open the door to test the 100-day Moving Average (DMA) at $23.09, followed by the 50-DMA at $23.26. On the other hand, a ‘death cross’ formed three days ago on the path of least resistance, a bearish signal that could clear the path for further downside. The next support surfaces at the January 22 low of $21.92, followed by the October 23 pivot low at $20.68
OANDA:XAGUSDShort
by Mrsam36
Bottom is coming of eurusd read the caption The EUR/USD remains pinned on the south side of the 200-hour Simple Moving Average (SMA) just beneath 1.0800. Although the pair continues to recover into the upside from the early week’s bottom near 1.0725, topside momentum remains capped, with longer-term technical patterns remaining decidedly bearish. Despite posting three straight days of gains and on pace for a fourth, the EUR/USD remains on the bearish side of the 200-day SMA at 1.0834. The pair is still down over 3% from late December’s peak of b1.1141,
Short
by Mrsam36
Story of BTC push up read the caption Btcusd strong bullish It will be met with buying interest, potentially propelling the market towards the $52,000 level. However, surpassing this point may lead to a more sustained buy-and-hold approach. Nonetheless, overcoming the existing resistance levels poses a challenge, considering the market's prolonged period of overextension.recent introduction of the ETF has facilitated easier shorting of the Bitcoin market, the practical application of Bitcoin by institutions remains uncertain, contributing to ongoing speculative fervor. While concerns persist regarding the cryptocurrency's viability in the long term, current market dynamics indicate a willingness among investors to engage in speculative trading.
BITSTAMP:BTCUSDLong
by Mrsam36