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Us oil big spike up read the caption Oil prices are finding a floor near $75, backed by the OPEC statement being released after the only meeting earlier this Thursday. A panel of OPEC+ members said no policy changes are foreseen for now, while the US has reportedly hit a six-month high in November on production. Add the stockpile buildup number from the Energy Information Administration (EIA) overnight with a surprise build of 1.233 million barrels, and quick breach above $70 looks doubtfull. 
TVC:USOILLong
by Mrsam36
1
Btcusd trade idea push up read the caption Btcusd analysis two days ago that the technical picture had become more bullish but I thought that bulls may have run out of momentum after the price failed to clear the resistance level at $43,309. I was still looking for a long trade following two consecutive higher hourly closes above $43,509 but only targeting the next resistance level at $44,408. This was a good call but only insofar as the level at $43,619 was pivotal, giving the chance for a profitable short trade entry upon the bearish rejection of this level.
BITSTAMP:BTCUSDLong
by Mrsam36
2
Us dollar buy setup read the caption Dxy buying area chart It’s been a phenomenal start to 2024 for the US dollar, which has already risen more than 2% against a basket of major currencies as a streak of encouraging economic data reinstilled confidence in the US economy, forcing traders to dial back bets of immediate Fed rate cuts. Economic growth has been faster than expected, empowered by strong consumption trends and heavy government spending. With the labor market also in good shape, it is becoming clearer that there’s no urgency to slash interest rates. , but is still far too high for the Fed to declare victory.
TVC:DXYLong
by Mrsam36
Usdcad buy setup read the caption Usdcad showed some resilience below the 200-period Simple Moving Average (SMA) on the 4-hour chart and the subsequent recovery favours bullish traders. Moreover, oscillators on the said chart have started gaining positive traction and holding in the bullish territory on the daily chart. This further validates a constructive outlook and suggests that the path of least resistance for the USD/CAD pair is to the upside. Any further move up, however, is likely to confront stiff resistance ahead of the 1.3530 psychological mark. This is followed by the 1.3535- 1.3640 double-top barrier, which if cleared decisively will set the stage for a move towards reclaiming the 1.3610 mark for the first time since December.
Long
by Mrsam36
Usdchf falling go sell read the caption The USDCHF fell below a KEY FLOOR LEVEL that I have been monitoring from a technical perspective at 0.86048. That break opened the door for further downside momentum the price has since fallen below its 200 bar moving average on the 4-hour chart at 0.8573 (see chart below), and the 38.2% retracement of the move up from the December low at 0.85765 Staying below those levels will keep the sellers firmly in control at least in the short-term for the USDCHF.
Short
by Mrsam36
Dxy big sell because of fomc read the caption The US Dollar Index (DXY) might find its catalyst this Wednesday.dxy fall more because of FOMC For nearly two weeks now it has been unable to trade away from both the 55-day (103.03) and the 200-day (103.54) Simple Moving Averages despite several false breaks and both MAs getting all chopped up.  Although the Fed meeting this Wednesday is unlikely to usher in any rate changes, the outcome could still favor the Greenback if Powell delivers a hawkish statement to the markets.
TVC:DXYShort
by Mrsam36
Big dip today of crude oil read the caption WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. Crude oil going to bottom because if fomc
TVC:USOILShort
by Mrsam36
Gold strong bullish analysis read the caption gold now bullish More today because of fomc Gold comes under some selling pressure following the overnight pullback from a two-week top, around the $2,047-2,049 area, and remains depressed heading into the European session on Wednesday. Investors further scaled back their expectations for an early interest rate cut by the Federal Reserve (Fed) after the JOLTS report published on Tuesday pointed to the underlying strength in the US labor market. This helps revive the
OANDA:XAUUSDLong
by Mrsam36
btc ready to buy no more Sell read the caption January has been a mixed month for Bitcoin. The coin jumped to a multi-year high of $49,010 after the SEC gave the green light for eleven spot ETFs. This was an important move because it took Bitcoin mainstream and made it available to institutional investors. Bitcoin then retreated sharply as investors sold the ETF news. It moved from $49,070 to a low of $38,510 also as many investors in Grayscale Bitcoin Trust (GBTC) liquidated their assets and moved to cheaper alternatives
BITSTAMP:BTCUSDLong
by Mrsam36
eurusd big dip today READ THE CAPTION The EUR/USD pair moved sideways after Eurostat published better-than-expected economic numbers on Tuesday. The report revealed that the economy avoided a recession narrowly in Q4 as it stagnated. It expanded by 0.1% on a YoY basis, higher than the expected 0.0%. In Spain, the economy expanded by 2.0% in Q4 while in France, it rose by just 0.6%. The other important data came from the United States, where the Conference Board published this month’s consumer confidence data. The agency revealed that confidence rose from 108 in December to 114.7 in January, lower
Short
by Mrsam36
Gbpjpy Falliy now read the caption GBP/JPY is trading sideways just below the Tenkan-Sen level at 187.72 dot. If buyers lift the exchange rate above the Tenkan Sen, that will open the door to challenging the January 23 high at 188.91, but firstly they would need to reclaim 188.00. On the flip side, if sellers step in and drag prices below the January 30 low of 186.41, that will open the door to challenge the Senkou Span A level at 185.67, followed by the psychological 185.00 figure, ahead of the January 12 daily low of 184.37.
Short
by Mrsam36
1
Eurgbp surely Fall read the caption Eurgbp The indicators on the daily chart are depicting a bear-dominant market. The Relative Strength Index (RSI) is seen to be on a downward path, maintaining its location in the negative sector pointing towards an ongoing bearish momentum.eurgbp lower more than expected Concurrently, the Moving Average Convergence Divergence (MACD) indicators display an increasing number of red bars, a sign that selling pressure is escalating. Moreover, the crosse's position below the 20, 110, and 200-day Simple Moving Averages (SMAs) further substantiates the bearish stance..
Short
by Mrsam36