SPY My Opinion! SELL!
My dear friends,
Please, find my technical outlook forSPY below:
The price is coiling around a solid key level - 562.09
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 548.32
Safe Stop Loss - 570.95
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Fx
NATGAS What Next? BUY!
My dear friends,
My technical analysis for NATGAS is below:
The market is trading on 2.029 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.097
Recommended Stop Loss - 1.984
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURUSD Will Collapse! SELL!
My dear subscribers,
My technical analysis for EURUSD is below:
The price is coiling around a solid key level - 1.1189
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.1139
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
APPLE The Target Is DOWN! SELL!
My dear subscribers,
APPLE looks like it will make a good move, and here are the details:
The market is trading on 226.81 pivot level.
Bias - Bearish
My Stop Loss - 232.38
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 217.95
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
QQQ Buyers In Panic! SELL!
My dear followers,
This is my opinion on the QQQ next move:
The asset is approaching an important pivot point 480.03
Bias - Bearish
Safe Stop Loss - 489.12
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 465.88
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
USOIL Massive Short! SELL!
My dear followers,
I analysed this chart on USOIL and concluded the following:
The market is trading on 74.91 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 73.23
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GOLD Under Pressure! SELL!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2512.4 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 2500.9
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GOLD Sellers In Panic! BUY!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2493.0 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2503.9
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
CHFJPY Set To Fall! SELL!
My dear friends,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 171.70 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 170.70
Recommended Stop Loss - 172.32
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURUSD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.1182
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1094
Recommended Stop Loss - 1.1234
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
USDCHF My Opinion! BUY!
My dear subscribers,
My technical analysis for USDCHF is below:
The price is coiling around a solid key level - 0.8496
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8597
My Stop Loss - 0.8437
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
AUDNZD Set To Grow! BUY!
My dear subscribers,
This is my opinion on the AUDNZD next move:
The instrument tests an important psychological level 1.0921
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0969
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
AUDCHF A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for AUDCHF below:
The price is coiling around a solid key level - 0.5741
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.5723
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
AUD/JPY H4 | Potential bullish bounceAUD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 96.82 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 94.57 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 101.31 which is a pullback resistance that sits under the 61.8% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Why the EUR/USD Could be Overextended? The euro surged to its highest level in a year yesterday, marking a fourth consecutive day of gains, before turning red.
This rally suggests growing market confidence that the eurozone may avoid a hard landing. Recent data supports this sentiment: final inflation figures for July show core inflation, which excludes volatile food and energy prices, holding steady at 2.9%—unchanged from May and June.
But the U.S. dollar is also weakening amid expectations that the Federal Reserve will initiate a series of interest rate cuts, potentially beginning in September.
However, it's not just the Fed eyeing September rate cuts and this might mean that the EURUSD is a little overextended.
Eurozone policymakers have downplayed concerns over persistently high inflation, with minutes from the July meeting revealing an "open mind" towards rate cuts at the September meeting.
Markets now anticipate a roughly 90% chance of a 25-basis-point cut next month, with the possibility of another cut by December.
USDCAD Will Explode! BUY!
My dear followers,
I analysed this chart on USDCAD and concluded the following:
The market is trading on 1.3613 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.3685
Safe Stop Loss - 1.3569
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURCHF The Target Is UP! BUY!
My dear friends,
My technical analysis for EURCHF is below:
The market is trading on 0.9476 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9626
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
Levels discussed on 22nd August22nd August
DXY: Needs to break 101.10 to trade down to 100.80 (strong support), could range between 100.80 and 101.60
NZDUSD: Buy 0.6170 SL 20 TP 45
AUDUSD: Looking for reaction at 0.68 resistance level
GBPUSD: Buy 1.3060 SL 30 TP 75
EURUSD: Buy 1.1100 SL 30 TP 60
USDJPY: Sell 144.40 SL 50 TP 100
USDCHF: Sell 0.8490 SL 20 TP 40
USDCAD: Sell 1.3570 SL 30 TP 45
Gold: Some upside potential to 2518, beyond that, could trade up to 2530 (ATH)
Kiwi D1 | Rising into multi-swing-high resistance barrierThe Kiwi (NZD/USD) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6194 which is a multi-swing-high resistance.
Stop loss is at 0.6251 which is a level that sits above the 127.2% Fibonacci extension level.
Take profit is at 0.6081 which is an overlap support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USD/JPY H4 | Bullish bounce off 61.8% Fibonacci support?USD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 144.29 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 141.53 which is a level that lies underneath a swing-low support.
Take profit is at 149.27 which is a pullback resistance that aligns with a 38.2% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FOMC & 800K Fewer Jobs Dragging on Dollar The dollar is under pressure, with persistent selling pressure driving it to new yearly lows across several currencies, including the pound.
A recent revision of jobs data revealed that U.S. job growth was significantly weaker than initially reported, with 818,000 fewer jobs added (for the year ending March 2024). This huge downward adjustment, the largest since 2009, indicates that the labor market cooled more rapidly than previously thought.
These revised job figures could likely intensify concerns that the Federal Reserve has been too slow in lowering interest rates.
At its July meeting, Federal Reserve officials considered the possibility of a rate cut but opted to hold off, hinting at a move in September. Markets are now pricing in a September cut, which would be the first since the emergency measures taken during the early days of the Covid crisis.
Regarding the labor market, “many” officials noted that “reported payroll gains might be overstated,” which means that the Federal Reserve might be ahead of the rest of us, and exactly where it wants to be regarding timing the rate cuts.