S&P 500 Daily Chart Analysis For Week of August 11, 2023Technical Analysis and Outlook:
The Spooz index continued this week to drop to fulfill its destination of Mean Sup 4403 and the possibility of Mean Sup 4330. However, another jump toward the newly created Mean Res 4520 level is also possible in this unconventional market.
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EUR/USD Daily Chart Analysis For Week of August 11, 2023Technical Analysis and Outlook:
This week, the price action of the Eurodollar remained stagnant between the Mean Res 1.102 and Mean Sup 1.094. Thursday's reversal tips its hand to continue the pivotal down-move mode with the target, Outer Currency Dip 1.087. However, another jump toward the Mean Res 1.102 level is also possible in this rigged market.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of August 11,2023Technical Analysis and Outlook:
To its price action, Bitcoin experienced a "dead cat bounce," as projected by Trade Selector. Its current trajectory points to resuming the retest of the completed Outer Coin Dip 28900 and moving towards the next Outer Coin Dip 28200 and 26900, respectively. However, another jump toward the Mean Res 30050 level is also possible in this reactionary market.
The Ultimate Inflation Hedge Awaits! BTC or Gold?Today, we will dive into the age-old debate: Is it gold or bitcoin that reigns supreme? Get ready for a wild ride!
We all know that inflation can be a real buzzkill, eroding the value of our hard-earned money faster than you can say "portfolio meltdown." So, seeking refuge in assets that can weather this storm is natural. But which one should you choose? Gold, the classic go-to, or Bitcoin, the shiny new contender?
Let's start with gold. Ah, the timeless allure of this precious metal! For centuries, it has been the epitome of wealth and stability. Its physical nature and scarcity have made it a trusted store of value, a bedrock of financial security. But here's the plot twist: gold's performance in recent years has been a bit lackluster. It's like the steady, reliable friend who's always there for you but somehow never quite dazzles.
Enter Bitcoin, the enigmatic superstar of the digital world. This cryptocurrency has taken the financial realm by storm, capturing the imaginations of tech-savvy investors everywhere. With its decentralized nature and limited supply, bitcoin has become a symbol of rebellion against the traditional financial system. It's like that edgy, unpredictable friend who always keeps you on your toes.
But here's the kicker: bitcoin's volatility can make even the most daring traders break out in a cold sweat. Yes, it has had its moments of glory, soaring to unimaginable heights. Yet, it has also experienced gut-wrenching plunges that can leave you questioning your life choices. So, is it the ultimate hedge against inflation or just a wild rollercoaster ride?
Now, brace yourselves for the unexpected twist in the tale! We present an alternative that might blow your socks off: USDJPY, the forex pair quietly dominating the inflation hedge game. Buckle up, folks, because this one's a game-changer!
The USDJPY forex pair, a combination of the US dollar and the Japanese yen, has been a powerhouse performer when it comes to hedging against inflation. It combines the stability of a primary currency with the potential for substantial gains. The Japanese yen, renowned for its safe-haven status, and the US dollar, the world's reserve currency, create a formidable duo that can weather the storm of inflation like no other.
So, dear traders, it's time to take action! Don't just sit on the sidelines, wondering which asset will reign supreme. Invest in USDJPY and seize the opportunity to maximize your returns while hedging against inflation. It's time to step out of the gold and bitcoin bubble and embrace the surprising potential of this forex pair.
Join the USDJPY revolution today and let your trading prowess shine like never before! Take a leap of faith, and you might discover the ultimate inflation hedge you've been searching for.
Invest in USDJPY now and unlock the untapped potential of the ultimate inflation hedge!
EUR/USD Daily Chart Analysis For Week of August 4, 2023Technical Analysis and Outlook:
In this week's session, the Eurodollar has decreased to our Outer Currency Dip of 1.087. This has resulted in a very weak Mean Res of 1.102. However, Friday's reversal could indicate a potential extension of the dead cat bounce to Mean Res 1.109, while the Mean Sup of 1.094 is lingering below.
S&P 500 Daily Chart Analysis For Week of July 28, 2023Technical Analysis and Outlook:
The Spooz performed as predicted by achieving an Outer Index Rally outcome of 4590 and indicating a desire to move higher. However, the Key Resistance at 4630 might hinder its progress, but it is just a temporary pause. The subsequent Inner Index Rally 4708 is expected to yield positive results.
Wheat predictions: How winding up grain deal blows up the price The world is "not optimistic" that the grain-export corridor that has allowed it to ship more than 30 million tons of crops amid the Russia - Ukraine tensions will be extended beyond July, the country’s infrastructure minister said Wednesday.
The efficiency of the Black Sea corridor is faltering and crop volumes are declining. Even if prolonged, it won’t be as helpful in offloading the nearing 2023 harvests in its current state.
"We are doing our best in order to maintain this initiative", - Mr. Kubrakov (who signed the deal) said.
The deal — which was brokered by the United Nations and Turkey — has helped lower world food prices and maintain a sector that is vital for Ukraine’s economy.
It is next up for renewal on July 17, nearby July, 2023 CBOT:ZWN2023 Wheat Futures contract expiration.
Russian President Vladimir Putin already signaled that his nation may quit the pact, though the UN has urged all parties to press on.
There are no prerequisites for extending the grain deal, Mr. Peskov, press secretary of the Russian President said on June 21.
The deal has recently been plagued by a persistent slowdown in ship inspections, and Russia’s refusal to approve vessels headed to one of the three ports it covers.
Some 1.3 million tons of crops were shipped via the corridor in May, less than a third of the peak in October, UN figures show.
The technical picture indicates, Wheat Futures contracts are heading up for the 5th consecutive weeks in a row, second time since Q1 2022, last time due to widely known tensions between Russia and Ukraine.
With almost 30 percent gain from 2023 low near 575 cents per bushel, the price breaking up 1/2-year simple moving average, with further upside opportunities, up to 800 cents per bushel.
EUR/USD Daily Chart Analysis For Week of July 14, 2023Technical Analysis and Outlook:
This week, the Eurodollar did its Jumpgate performance once again.
It completed our Outer Currency Rally 1.124 and is developing possible pivotal retracement to Mean Sup 1.100. However, the price may jumpstart to Inner Currency Rally 1.133.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 14, 2023Technical Analysis and Outlook:
This week, the coin completed our Outer Coin Rally 31700 and re-traced severely hard to Mean Sup 29900. there's also a chance it will drop significantly to Mean Sup 28700 before recovering. On the upside, the coin might take a swift upward move to retest the completed Outer Coin Rally 31700 and Key Res 31500.
S&P 500 Daily Chart Analysis For Week of July 7, 2023Technical Analysis and Outlook:
This week, the Spooz failed to meet our Outer Index Rally 4480 goal due to a crime scene performance. However, we expect a strong rebound from the Mean Sup 4330 or higher, which will help us achieve our target with great force.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 7, 2023Technical Analysis and Outlook:
This week, the coin retested our Mean Sup 29900 and is currently fluctuating unpredictably. The price will likely go up to finish Outer Coin Rally 31700, but there's also a chance it will drop significantly to Mean Sup 28700 before recovering.
S&P 500 Daily Chart Analysis For Week of June 30, 2023Technical Analysis and Outlook:
The Inner Index Rally 4444 has been completed, which is part of the ongoing Reignited Rally. The Outer Index Rally 4480 and 4590 targets have been outstanding for a while and are important upside objectives. However, reaching the 4480 target may lead to a significant pivotal downward movement to the Mean Sup 4330. Trade Selecter needs to confirm this development.
EUR/USD Daily Chart Analysis For Week of June 30, 2023Technical Analysis and Outlook:
The euro-dollar is moving towards the important Mean Sup 1.080 target after the completion of the Inner Currency Rally 1.096. However, there is a chance for a rebound with the newly established target of Mean Res 1.099 and continue beyond.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 30, 2023Technical Analysis and Outlook:
The coin following the completion of the Inner Coin Rally 30500 is gyrating between the newly created Mean Res 30800 and Mean Sup 29900, suggesting its higher price advancement. The upcoming primary target is Outer Coin Rally 31700, along with Key Res of the same price. We may be experiencing a brief pause before the next Outer Coin rally, 34000, based on the current trend. Alternatively, prices could drop significantly to Mean Sup 28700 before rebounding.
S&P 500 Daily Chart Analysis For Week of June 9, 2023Technical Analysis and Outlook:
The Reignited Rally is continuing to move forward. The bullish price action is closing on Major Key Res 4330 with a follow-through to our long-time Outer Index Rally 4412 projection. Viewing the Pivotal Down Move prediction is based on the current price action, notwithstanding confirmation from the Trade Selector that will be given before implementing any strategies.
EUR/USD Daily Chart Analysis For Week of June 9, 2023Technical Analysis and Outlook:
The euro-dollar price movement followed our projections as stated on Daily Chart Analysis For the Week of June 2 - the price action hit our initial upside target of Mean Res 1.076. The continuation of the pivotal rebound is expected to push to Mean Res 1.082 this week, following through the pivot move that will take us to Mean Sup 1.068 and possibly two extensions to fulfill our target next Inner Currency Dip 1.047 ultimately. Viewing the Pivotal Down Move prediction is based on the current price action, notwithstanding confirmation from the Trade Selector that will be given before implementing any strategies.
S&P 500 Daily Chart Analysis For Week of June 2, 2023Technical Analysis and Outlook:
The curtailed by US holiday trading week did not surprise us; see Daily Chart Analysis For the Week of May 26. On Tuesday, after hitting our initial target Outer Index Rally 4230 and weeding out the weak longs a day later, the swift rebound on Thursday retested the 4230 again, followed up on Friday by completing our second target of extended Outer Index Rally 4285. The next upside target is major Key Res 4330 and, down the road, extended Outer Index Rally 4412. The pivotal 4230, as tooted a few weeks ago, was ultimately canceled due to price action turning south prematurely on Friday, May 19, and not confirmed by Trade Selecter's targeted movement. On the downside, the price action might take us to Mean Sup 4180; however, the upswing to Key Res 4330, within the highest probability, will emerge first.
EUR/USD Daily Chart Analysis For Week of June 2, 2023Technical Analysis and Outlook:
In our Daily Chart Analysis for the Week of May 26, the euro-dollar price movement followed our projections perfectly. On May 31, the price hit our initial down target of Inner Currency Dip 1.064, followed by a dead cat bounces to our Mean Res 1.075 target last Friday. The retest of the completed Inner Currency Dip 1.064 is in progress, with the strong possibility of falling further to Mean Sup 1.054.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 2, 2023Technical Analysis and Outlook:
In this week's session, the coin has achieved the projected prices of Mean Res $27,500 and Mean Res $28,750 as outlined in the Daily Chart Analysis for the Week of May 26. Based on the current price action, the coin will likely test the Inner Coin Dip of $25,800 and potentially make a significant drop to the Outer Coin Dip of $23,950. The upside potential will address the Mean Res $28,250 as a ''Do That To Me One More Time''.
Gold Epic Bull RunGold has been in the ascending channel since the second half of 2022.
We have seen 2 small falling channel formations within this huge channel and we are currently experiencing the 3rd falling channel formation.
We can understand that we have come to the end of this small falling channel, so we have come to the support of the rising channel.
The rejection of gold from these levels will indicate that it is entering a potential bull run.
As we can analyze from the Fibonacci time zone indicator, this run has the potential to continue until mid-July.
Breaking the ascending channel and falling below the $1900 level will invalidate this analysis and stop it.
S&P 500 Daily Chart Analysis For Week of May 26, 2023Technical Analysis and Outlook:
This week's index did not surprise us with the swift rebound (Mean Sup 4110) and continued the reignited rally as specified in a previous couple of weeks of daily chart analysis. The price action is expected to reach our primary destination of the Outer Index Rally at 4230 and possible extension to Outer Index Rally 4285 and Major Key Res 4310. The pivotal at 4230 is not expected at this time unless confirmed by Trade Selecter price action within this upcoming trading week session - stay tuned.
EUR/USD Daily Chart Analysis For Week of May 26, 2023Technical Analysis and Outlook:
This week's eurodollar price action was lower, and the current trading pattern suggests the designated target of the Inner Currency Dip is 1.064 in the making, as indicated in last week's daily chart analysis, with the possibility of falling further to Mean Sup 1.054. We also anticipate a quick rebound to Mean Res 1.075 with the potential to reach Mean Res 1.082 upon completion of its main target.