XAUUSD Daily AnalysisFor the up coming weeks, the Gold trend is generally bullish.
Ichimoku shows that the support level (2500) is very important and if gold breaks through the 2663 level, there is a possibility of growth towards 2753.
Our perspective toward gold is positive, unless there are major changes in the global economic situation
Ichimoku Cloud
BTC Daily AnalysisAccording to our previous analysis (22,march), Bitcoin is still bullish. Our target at that time was 83680 which is touched.
Currently, based on Ichimoku, Bitcoin is still trending upwards.
We expect a reaction from the following resistance levels:
👉92000
👉102100
👉123000
and supporting zones below:
👉78453
👉 73853
👉70374
👉61680
As long as the price does not break this zone (73853), we consider the Bitcoin trend to be bullish.
Bitcoin Massive Bullish Signal CONFIRMEDAlright, so let's discuss what happened. Take a look at the chart below. It's Bitcoin's weekly chart containing the Ichimoku indicator.
The Ichimoku Cloud is a comprehensive technical indicator. It consists of several elements. Here are the ones that are important in this case: Tenkan-Sen (blue line in the chart), Kijun-Sen (red line in the chart), and Kumo (green and red cloud in the chart).
In general, the Ichimoku indicator can deliver various signals.
However, one particular signal is typically considered the strongest and most reliable.
For the bullish version of this signal, you want the Tenkan (blue line) to cross above the Kijun (red line). Additionally, you want that cross to happen above a green cloud.
Guess what? This is precisely what happened with yesterday's weekly candle close.
This signal last flashed in October 2023 (!!), and we all know what happened after that. Bitcoin pumped 150% to 73k.
Therefore, it looks like all engines are on and ready to go.
Nevertheless, remember: Signals on the weekly chart are highly probable, but they need time to play out. The signal might not lead to an immediate price increase, but it could lead to a substantial and sustainable one.
USDJPY Rebound Faces Pushback at Key ResistanceAfter the Fed’s jumbo pivot in September and aggressive easing path, Chair Powell adopted a more reserved approach at the start of the previous week. The cautious messaging was extrapolated at the end of that same week by the strong jobs report. Markets have now priced out bets for another outsized move, expecting 50 bps of cuts by the end of the year, in line with the Fed’s projections.
At the same time, the Bank of Japan has shifted to a more patient approach to monetary tightening, after last month's hold, removing guidance for further hikes ahead. The August deceleration in wage growth adds a reason for caution, while the current political landscape does not favor aggressive tightening. With elections due later this month, the new Prime Minister does not see the need for more hikes.
As a result of these developments, USD/JPY posted its best week of the year and extends its gains into the daily Ichimoku Cloud, testing the pivotal 38.2% Fibonacci. This creates scope for further recovery towards 151.90, but we are cautious about sustained advance as the upside is unfriendly technically and fundamentally.
Inflation (ex-fresh food) in Japan has been rising for the past four months and remains above the 2% target for more than two years, wages are elevated and GDP posted strong growth in Q2. One more rate hike within the year is still reasonable and BoJ officials still see more tightening if the economy evolves as projected. Chair Powell may have struck a more cautious tone, but officials still expect another 150 bps of cuts by the end of next year, so the broader policy dynamics remains unfavorable for USD/JPY.
The pair faces pushback at the 38.2% Fibonacci and rejection could send it back below the EMA200 (black line) and reaffirm the bearish bias. This would in turn create scope for new 2024 lows (139.57), although strong catalyst would be required.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% 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 (trading as “FXCM” or “FXCM EU”) (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Tron (TRX) Chart Analysis — One Of The Most Exciting Charts!In this video, I deep dive into the Tron (TRX) chart. Starting on the 1D chart, we discover the incredible long-term uptrend Tron has been delivering. I discuss crucial levels and why Tron is an interesting investing opportunity.
Afterwards, we move one level lower and discuss short-term trade options on the 4H chart.
Would love to get your feedback and opinions. Share it in the comments!
Bitcoin Short Position UpdateBeen short INDEX:BTCUSD since April with AMEX:BITI (Proshares Bitcoin Short ETF). The media writes "reasons" that Bitcoin is down each day but real reason Bitcoin is down any day is the failure to confirm new ATH in April.
I do somewhat lament my bearish bias because I missed a good long off 50% level in this liquidation but I'll go into why I remain bearish in this post.
Zoom Monthly to see why Bitcoin is bearish: No one buying.
"ETF inflow" reports don't matter. On-Chain analysis doesn't matter.
To reach fabled 6-figure levels investors need YOLO in with reckless abandon. Clearly not happening in price action.
Technically this manifests on the chart with monthly bars trying but failing at the 2021 ATH. Also at a basic technical level lower highs and lower lows.
For the second time in this post-ATH-fail range Ichimoku Bullish breakouts have failed and Bitcoin has gone confirmed bearish.
Ichimoku is a best used trending strategy so it sucks when this price action happens but over time has proven itself effective in managing long term positions. Long term holds should be OFF right now in its current Ichimoku trend state.
So where is BTCUSD going?
Back to the ETF Launch.
Either by karma or irony... markets have a tendency to punish overhype. It would be the most irrational (thus market rational) thing for price to return to whence it began. This is where I begin taking profit on my short. I may even be interested to get long depending...
XAUUSD Daily AnalysisWe expect a reaction on the following resistance zones:
2436
2446
2466
And support zones:
2384
2373
2361
We expect it to move according to our two step movement.
If one of these levels is broken, the analysis will be updated and we will follow the analysis, and will take a reverse trade at the next level.
Fantom Struggling To Hold Support And About To Print Strong BearFantom's daily chart is one of the most bearish at the moment. The token has been in a strong downtrend since March and is about to approach a decisive moment.
Currently, Fantom struggles to hold above a major support level at 0.43. Moreover, the price reaches a corner build of the support level at the long-term downtrend. As a result, it is likely that we will see a breakout soon.
Unfortunately, the probability of a drop is much higher than a break out to the top. Here's why:
FTM is about to print a bearish Tenkan/Kijun crossover. This crossover is about to happen below the Ichimoku cloud — this is considered an even stronger signal. Besides, the price trades below the Ichimoku cloud, and the future cloud predicts a bearish trend. Overall, three aspects that signal a high risk of further drop.
In case of a drop, the next support sits at ~0.35.
Why Fantom Faces The Risk Of A 20% Drop!In this video, I take a look at the Fantom (FTM) chart and discuss the bearish scenario of a 20% drop.
The analysis is based on trend line but especially on the Ichimoku trading system. In particular, I pay attention to a potential bearish cross of the Tenkan and Kijun lines that is about to happen below the Ichimoku cloud.
Tune in and let me know your thoughts!
Revealing the Masons' Secret Strategy for SHIB/USDTHey everyone! 🎉
Guess what? We’ve got some super exciting news for you today! 🎊 We’ve been working our magic behind the scenes, keeping our strategy a top-secret recipe 🍲, but now, it’s time to reveal a little bit of the Masons' magic 🧙♂️✨! And not just any Masons – we’re talking about the big Masons who control the world! 🌍🔮
Targets and Fun Stuff:
Current Price: SHIB is hanging out at around 0.00001705 USDT. 🤑
Support Levels:
Primary Support: 0.00001651 USDT – This is our cozy little safety net. 🛏️
Secondary Support: 0.00001540 USDT – Extra cushion just in case! 🛋️
Resistance Levels:
First Resistance: 0.00001718 USDT – First checkpoint, here we come! 🚀
Second Resistance: 0.00001850 USDT – Next stop, a bit higher! ⏫
Third Resistance: 0.00001904 USDT – Keep climbing! 🧗
Our Master Plan:
Initial Target: 0.00001718 USDT – Easy peasy, lemon squeezy! 🍋
Intermediate Target: 0.00001850 USDT – Let’s go higher! 🎈
Extended Target: 0.00001904 USDT – We’re on a roll! 🏄
Stop-Loss:
To keep things safe, we’ve got our stop-loss just below the primary support at 0.00001651 USDT. It’s like our trusty parachute 🪂 in case things go south!
Why the Secrecy?
We’ve been keeping our strategy under wraps because, well, where’s the fun in giving away all our secrets? 🤐 But now, it’s time to share the love and show you the power of the Masons' work! 🏰🔮
The Big Reveal:
So, get ready to witness some serious market magic. Whether you’re a seasoned trader or just dipping your toes in the crypto waters, we’ve got something exciting lined up for you! 🌊💸
Remember, we know what we’re doing, and we’re here to prove that a little bit of the Masons' magic goes a long way. Buckle up, enjoy the ride, and let’s make some gains together! 🚀💰
Stay awesome and happy trading! 😎✨
Your friendly neighborhood Masons 🧙♂️🧙♀️
Unveiling the Secret Masons' Trading Strategy for ANKR/USDT Hey everyone! 🎉
Guess what? We’ve got some super exciting news for you today! 🎊 We’ve been working our magic behind the scenes, keeping our strategy a top-secret recipe 🍲, but now, it’s time to reveal a little bit of the Masons' magic 🧙♂️✨! And not just any Masons – we’re talking about the big Masons who control the world! 🌍🔮
Targets and Fun Stuff:
Current Price: ANKR is hanging out at around 0.03069 USDT. 🤑
Support Levels:
Primary Support: 0.02787 USDT – This is our cozy little safety net. 🛏️
Secondary Support: 0.02220 USDT – Extra cushion just in case! 🛋️
Resistance Levels:
First Resistance: 0.03356 USDT – First checkpoint, here we come! 🚀
Second Resistance: 0.03894 USDT – Next stop, a bit higher! ⏫
Third Resistance: 0.04338 USDT – Keep climbing! 🧗
Fourth Resistance: 0.04995 USDT – Almost there! 🏁
Fifth Resistance: 0.05292 USDT – Boom, we’ve arrived! 🎯
Our Master Plan:
Initial Target: 0.03356 USDT – Easy peasy, lemon squeezy! 🍋
Intermediate Target: 0.03894 USDT – Let’s go higher! 🎈
Extended Target: 0.04338 USDT – We’re on a roll! 🏄
Ultimate Targets: 0.04995 USDT and 0.05292 USDT – Jackpot! 🎰
Stop-Loss:
To keep things safe, we’ve got our stop-loss just below the primary support at 0.02787 USDT. It’s like our trusty parachute 🪂 in case things go south!
Why the Secrecy?
We’ve been keeping our strategy under wraps because, well, where’s the fun in giving away all our secrets? 🤐 But now, it’s time to share the love and show you the power of the Masons' work! 🏰🔮
The Big Reveal:
So, get ready to witness some serious market magic. Whether you’re a seasoned trader or just dipping your toes in the crypto waters, we’ve got something exciting lined up for you! 🌊💸
Remember, we know what we’re doing, and we’re here to prove that a little bit of the Masons' magic goes a long way. Buckle up, enjoy the ride, and let’s make some gains together! 🚀💰
Stay awesome and happy trading! 😎✨
Your friendly neighborhood Masons 🧙♂️🧙♀️
Where will this market pullback stop? (SPY)I have been traveling and enjoying the summer months, which typically are slow for trading, and have not traded this pullback but have gotten many questions for analysis as to "when will this stop ". #notfinancialadvice but I like the upcoming levels on AMEX:SPY in the 520 area.
There are several levels of support creating confluence here:
What I always remind folks is that "in any given year, the stock market has 2 to 3 >-5% corrections. As of writing the pullback from the high is only 4.4%. Pulling into the 520's would put the move in -6% territory and qualify as a "healthy" pullback.
There is a major Volume Profile level at 529 from back in May where I presume so much volume was "sold in May"
The prior All Time High from April is at 524.
The Daily Ichimoku cloud, which has very well contained the trend since November 2023, exists in this area and time to provide dynamic support.
Trade (and invest) wisely!
NZD/USD Rises despite Soft NZ InflationThe Reserve Bank of New Zealand kept rates at 5.5% last week, but adopted a softer tone compared to the hawkish messaging of the previous meeting, raising chances of a rate cut this year. Today’s soft inflation data help towards such action, since CPI eased to 3.3% in Q2 and the lowest in three years.
Despite these prospects, NZD/USD contains its fall and rebounds today, as there is still a high bar for an RBNZ pivot. At the same time, the Fed may have adopted a cautious stance, but Chair Powell appears to be laying the groundwork for a September cut, as the disinflation trend has resumed, with markets pricing in three moves this year.
The monetary policy dynamics are a bit murky, but likely support further upside. Having defended crucial technical levels, NZD/USD can regain the EMA200 (black line) and push for new monthly highs (0.6148), but we are cautious around greater advance 0.6223.
But market bets for three cuts by the Fed are very aggressive and would require the Fed to move in three consecutive meetings. This optimism could be disappointed, just as prospects of an RBNZ pivot are strengthening. Below the EMA200, immediate bias is on the downside and risk of a breach of the 50% Fibonacci and the daily Ichimoku Cloud persists. This would make NZD/USD vulnerable t0 0.5952, but sustained weakness is not easy based on the monetary policy dynamics.
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.
S tratos Europe Ltd (trading as “FXCM” or “FXCM EU”), 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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Copper Constructive but Struggles for BreakthroughFollowing a sharp pullback from May’s record peak, Copper made a strong start to the third quarter, returning above the EMA200 (black line) and regaining the initiative. It tries to take out the 38.2% Fibonacci of that decline that will allow it to push towards 5.000-5.041 handle and eventually challenge the all-time highs (5.200). The fundamentals remain favorable, as key miners have lowered their activity, while the AI boom and the clean energy transition drive demand for the non-ferrous metal.
On the other hand, there are risks to the upbeat supply-demand outlook, like China’s bympy recovery and distressed property sector, along with a slowdown in EV adoption and other factors. Furthermore, Copper struggles to break above the pivotal 38.2% Fibonacci and failure would create scope for lower lows (4.323) but the downside appears well protected and sustained weakness past it looks hard, technically and fundamentally.
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 (trading as “FXCM” or “FXCM EU”), 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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Bitcoin Price Recovery StallsMany Bitcoin traders believe that this was an isolated liquidation dip caused by "reasons" such as MtGox and Germany. This price movement is part of a broader picture (below) and while many hoped to see 60k recaptured this weekend it does not seem that will be the case. Futures markets will open in a few hours and last for the last two weeks the Sunday-Monday action has been that of holding resistance and continuing lower.
In the bigger picture Bitcoin is still well within its new bearish trend. Price found support last week at a key level; the 50% Retracement of the ETF launch rally. However, as seen above, it failed to recapture the liquidation low of June 24th which was the dip that plunged Bitcoin into the confirmed bearish trend.
Be sure to catch up on the level by level analysis over the last few weeks and where I analyze Support will finally be in my posts linked below.
Bitcoin Levels and Trading Plan for July 2024This article will lay out the key levels that should come into play in the price action of INDEX:BTCUSD starting today on July 1st and may carry on through the month. This analysis will rely on Ichimoku, 50% Retracements, and Volume Profile.
The primary driver of my analysis on Bitcoin price action is the Daily Ichimoku trend. I published a video last week on how consistently effective this analysis has been over the entire history of Bitcoin that I highly recommend watching to understand in detail. The basics are:
Price is below the cloud
Lagging span is below the cloud
These two together = confirmed bearish
This is the inverse of the post-ETF hype phase bullish trend that took Bitcoin to a new All Time High. An All Time High that unfortunately for HODLers failed to push higher and confirm the bullish momentum to carry forward past the fabled "6 figures".
The key levels brought to us by Volume Profile in the longer term are:
Resistance:
63000: Near term being tested this morning
67780: The line in the sand to return to bullish
Support:
62000: Near term support today
56940: Low of the consolidation range
51760: Next stopping point of the current bear trend
42630: Return to the ETF launch era, my ideal target for my long term short
The two key levels are 67780 above and 42630 below.
If price can get back up and break 67780 then the Ichimoku rules will be true for the bullish trend to resume and possibly continue either for another consolidation high or even new All Time High.
If Ichimoku rules are correct and last week was the start of a bearish trend then price would very likely return to the ETF launch levels. This is a strong support and also a thematic one for what happens in assets that have a honeymoon phase before returning back to reality.
Before that final Support the 50k level will be interesting as it does contain a key Volume Profile level AND will invoke the Weekly Ichimoku cloud.
Trade wisely!
XYL Multiple Levels of SupportAlso on my morning Spike scanner came up NYSE:XYL (see below for the spike on the 30m timeframe).
I especially like this Support level as it has many matching components:
50% Retracement Level. My bread and butter. The most important Retracement Level.
Volume Profile node. Not the POC but a key level of price and volume here.
Ichimoku Cloud. A long flat SKB with the Lagging Span far away from crossing into bearish territory.
This is the Spike that triggered me to look and find price acting such a way at Support:
The take profit target is easy to find; the POC on the Volume Profile for the bullish trend. The stop is between the current VP node and the next significant one (which could be next support but no reason to take that much risk).
Copper Finds Support at Key Tech LevelsAfter hitting record highs in May, Copper has pulled back and heads towards a losing month, challenging critical tech levels. It has slipped below the EMA200 (black line), into the daily Ichimoku cloud and tests the 38.2% Fibonacci of the advance fromthe 2022 lows. This exposes it to 4.196, but sustained weakness does not look easy, technically nor fundamentally.
Copper already defends the pivotal 38.2% Fibonacci and tries to reclaim the EMA200. Successful effort would reaffirm the bullish bias and create prospects for new all-time highs (5.200). The favorable supply-demand dynamics also point to further upside. The market has tightened significantly as key miners lower their activity this year, while consumption is boosted by the AI boom and the clean energy transition.
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 (trading as “FXCM” or “FXCM EU”), 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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Copper Breaches Key Support but Tech & Fundamentals FavorableThe commodity has registered a notable pullback from last month’s record highs and has now moved below the pivotal EMA200 (black line) and 38.2% Fibonacci of this year’s advance. This pauses the bullish momentum and exposes Copper to the ascending trend line from the 2024 low and the daily Ichimoku Cloud.
However, this region could contain the correction and multiple roadblocks follow, making the downside unfriendly, while the RSI points to oversold conditions. As such, we expect Copper to find renewed vigor and push towards 5.000 and eventually new all-time highs (5.200), with the fundamentals also being supportive.
The improved supply-demand dynamics have driven this year’s rally and can fuel further strength. There may be some risks in the consumption outlook, mostly form China’s property sector and the slowdown in the pace of EV adoption, but consumption for the metal is set to increase due to the AI revolution and the clean energy transition. At the same time, things don’t look good on the supply side, with major miners slashing their output targets for the year.
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 (trading as “FXCM” or “FXCM EU”), 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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.