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InvestMate|EUR/JPY Attention declines!💶EUR/JPY Attention declines! 💶Why I think dips are coming. 💶Looking at economic growth in the Eurozone we are at levels of 2.1% This is quite average looking at the past. 💶Compared to Japan where we are currently at levels of 1.6% this is also a fairly average result compared to past periods. tradingeconomics.com 💶 Unemployment in the Eurozone is falling the latest readings on 3 November showed us falling to levels of 6.6% compared to last year's reading of 6.7%. 💶In Japan, on the other hand, unemployment rose from 2.5% to 2.6%. 💶 Ahead of us next week, on 17 November to be exact, are the readings on inflation, which stood at 10.7% on 31 October. The market is betting on inflation slowing down. In the coming months. 💶For Japan, inflation is gaining momentum even though we have maintained 3% growth the market is betting that we can break through this barrier and rise to levels of 3.2% during the next data which will take place on 17 November. 💶 Eurozone interest rates were raised by 75 basis points at the last counci meeting on 27 October to levels of 2% 💶In Japan, of course, unchanged, the council kept rates unchanged at -0.1% at its last meeting, but with inflation gaining momentum, the next moves remain uncertain. For now, the market is pricing in an unchanged rate at the next decision on 22 November 💶With the fundamental environment now known, let's move to the chart. 💶Looking at the chart from the peak to the current bottom we have already scored a fall of 3.51%. The peak occurred just before the intervention of the Central Bank of Japan 💶Thursday's declines were fuelled by inflation data from the United States showing that inflation is falling to 7.7%. My thoughts on falling inflation in the US were confirmed as I wrote in last week's post on the falling dollar: 💶 Moving to the monthly chart, we can clearly see that we are at strong resistance lines set by the 2014 peak. 💶The decline is also being driven by the distribution that has been going on for the last weeks. 💶Looking at the fact that the decline came from the 0.618 levels of the downtrend wave after which we broke out new lows confirms my belief that we are officially in a downtrend. 💶Actually we are at a key point which has been a strong line of defence and buying interest in recent weeks. 💶There have been a lot of buyers at the new lows but with the following hours the interest to buy is subsiding. 💶Looking at the economic situation and the willingness of the Japanese to strengthen their currency, I do not see attractive levels to buy EUR/JPY on the current places. 💶Measuring where the declines may last I will apply 2 fibo measures. 1 from where the long term trend reverses to an uptrend and 2 from closer to the exit of the accumulation and the start of the uptrend impulse. 💶Interesting to see a zone of 140 with 2 fibo levels from 2 measurements close together 💶This is where I would be looking for some kind of reaction, but as far as I can see the road to this area stands open for now. 💶Hope I've helped that my perspective has broadened your view of this pair. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
10
InvestMate|Bitcoin An opportunity to seize💰Bitcoin An opportunity to seize 💰My attitude about Bitcoin has not changed, a bullish stance still prevails with me, especially after today. 💰After the US inflation readings in which I perfectly predicted that there would be a decline and a strengthening of the dollar. I invite you to read my post on the dollar that I published on 7 November. 💰Everything I wrote in that post came true. 💰After the Republicans won the mid term elections the dollar strengthened. 💰Falling inflation which is currently at 7.7% Has cooled markets' anticipation of the next interest rate hike. 💰The market is currently pricing in an interest rate peak of June 2023. 💰Consequently, the market is already discounting in advance, as is always its nature, a strengthening of the dollar. 💰This opens up a great opportunity for Bitcoin. 💰Since the peak, we have already made a drop of a full 77.41% 💰For halving there is still some time to go, with predictions it is expected to fall in the first half of 2024. 💰As we know from bitcoin's halving history, it has generated a new upward wave every time. 💰Will this be the case this time too? 💰Looking at the fact that we were in accumulation at the 20k level for about 140 days after which we hit new lows, which were very quickly overbought. 💰In the past, such dips to new lows were not so quickly bought. At a time when the Bitcoin market was not so regulated, dips after accumulations were left alone. 💰Currently, we find ourselves in slightly different times. 💰In a time of big interest groups interested in profits in the cryptocurrency market, I'm talking about the big investment funds and banks, colloquially known as whales. 💰Looking at the volume and purchases that are currently taking place on bitcoin, I can only guess what levels the big players are dreaming of. 💰Being aware of the high correlation that exists between bitcoin and the world's most important index, the S&P500, I see a large divergence in this rule in recent days. 💰There has been a divergence of sorts, juxtaposing the recent rises in the indices with the falls in bitcoin 💰Was it a simple desire to ride for stops of exchange players and clear positions, looking at the losses reported by players here we are talking about billions lost as a result of falls to new levels 💰Assuming we are at the bottom. And that a return to lower levels is unlikely. 💰If we were to rally further I would watch the area around 16.5k. As there are strong fibo levels there which would provide very strong resistance in the event of a bottom. 💰Going back assuming this is the bottom, I decided to use a fibo grid measurement from ATH to the bottom which shows that the fibonacci levels overlap beautifully with previous resistance and support. 💰Please note with what precision they delineate past points of interest. 💰I also decided to use the pitchfork projections and again the overlap of the pitchfork lines coincides perfectly with the key resistances that bitcoin has ahead. 💰I am until amazed at this accuracy. 💰To top it all off using the divergence strategy on the MACD histogram. We have another bullish signal for the collection, the divergence unambiguously shows the moment to buy at the current location. (The histogram is smaller and the price is lower) 💰Let's hope the downtrend on cryptocurrencies is a thing of the past 💰My opinion on Bitcoin does not change, I still think we are in great places to buy. 💰I hope my extensive analysis has helped you to better understand the Bitcoin chart 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
6
InvestMate|S&P 500 Technical Outlook📉S&P 500 Technical Outlook 📉Another technical look by me. 📉After the great gains I predicted in the previous post: 📉The time has come for a slightly broader look at the chart of the most important index in the world. 📉 In my analysis I used several tools: 📉1. I plotted a downtrend channel from peak to bottom 📉2. I measured fibo waves from peak to bottom 📉3. I measured the fibo waves from the bottom to the current peak. 📉4. I determined the one to one (overbalance) correction of the largest downward correction in the current upward momentum. 📉4. I have delineated key support and resistance zones on the chart. 📉We see that we are currently at the upper edge of the downtrend channel. 📉 I believe that after such strong rises it will be time for a correction. 📉 It will come at the fibo level of the 0.382 peak-to-trough wave. 📉It may reach the 3800 level because here I find the fibo cluster 0.236 of the entire downtrend, the 0.382 level of the entire current upward implosion and the one to one level of the biggest downward correction. 📉 From here we are likely to try to rise again. 📉 If we break through the new peaks the rise to the 0.5 level of the entire wave is highly probable, there we will probably stop for a while as this level has been a strong support and resistance zone in the past. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
SP:SPXShort
by InvestMate
7
InvestMate|2 potential scenarios for ETH/USD to play out💸2 potential scenarios for ETH/USD to play out 💸I made a couple of measurements. 💸1. Measuring the fibo from the peak before the start of the decline to the bottom. 💸2. Measuring the fibo from the bottom to the local peak. 💸3. Fibo measurement from local peak to local bottom. 💸4. one to one correction (overbalance). 💸5. Trend channel from peak before falls to bottom. 💸There are 2 scenarios. 💸1. We will start the uptrend which will eventually end at the levels of the 1.618 cluster and the one to one correction. 💸2. we will fall to the vicinity of the 0.618 wave level from the bottom to the local peak. After which we will make a rise to the one to one correction 💸This is a purely technical view providing an outlook for the next hours. 💸For a broader perspective I refer you to the previous 2 posts 💸1. A broad look at the crypto and Bitcoin market: 💸2. A technical look at the next few months on eth: 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
BITSTAMP:ETHUSDLong
by InvestMate
InvestMate|ETH Time for the third wave (quick outlook)💵ETH Time for the third wave. (quick outlook) 💵My stance on the ETH/USDT pair still remains bullish. 💵For the crypto market rises, I refer you to my previous post on Bitcoin in which I wrote extensively about the rise of this pair (and the crypto market as a whole) 💵In my opinion, we have already passed the bottom and it is now time for the upside. 💵After the first wave that reached $2k levels followed by a descent to levels of $1.1k 💵My opinion is that it is time to start a rally with a final target of $2600 in the next months. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
2
EUR/JPY Beautiful descent time to continue.💶EUR/JPY Beautiful descent time to continue. 💶As I wrote about the EUR/JPY's descent today in the Asian session. For a comprehensive explanation I refer you below: 💶I see that after sharp declines there is again an opportunity to join the declines. 💶All due to the correction we made in the European session hours. 💶There are 2 scenarios. 💶Either we will start falling now or we will still make a climb to the 0.618 level from where the declines will be consecutive. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
2
InvestMate|DAX is it finally time for a correction?🇩🇪 DAX is it finally time for a correction? 🇩🇪 Post is a continuation of my previous post on the DAX in which I predicted declines. for more information, see below: 🇩🇪 It looks like we no longer have the strength to continue upwards looking at the distribution that is taking place at 14200 levels 🇩🇪 It looks like we have had to wait a while with the falls since my last post, but playing short at this point seems like a reasonable option 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
DShort
by InvestMate
1
InvestMate|Bitcoin quick outlook💰Bitcoin quick outlook 💰This is a continuation of my last post on Bitcoin in which I switched to a broad perspective: 💰We have gone down to the 0.618 levels I wrote about in the post. 💰We are currently seeing a buying reaction at this level can we talk here about the end of the 2nd wave and the start of the 3rd upward wave. 💰I encourage you to observe 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
2
InvestMate|GOLD Increases on the horizon?🥇GOLD increases on the horizon? 🥇As in my previous post on gold I predicted downtrend correction: 🥇This time we change direction and set our sights on an uptrend correction 🥇Gold showed strength on Friday last week. Breaking out of its local minima by a full 4% 🥇In this case, can we speak of the start of an upward correction in a downtrend? 🥇The downtrend has now lasted 244 days and the decline has been -22% 🥇This is a really significant correction. All because of the strengthening dollar since the outbreak of Russia's invasion of Ukraine 🥇The situation may change on the dollar. Which I described in a previous post 🥇In a nutshell, what happened in America last week was: 🥇The event everyone was waiting for was the interest rate decision, which rose to 4%. 🥇This was followed by a press conference in which Jerome Powell spooked the markets with a hawkish tone, which first triggered a sharp wave of dollar weakness, and Powell's words were followed by a speculative attack to strengthen the dollar. 🥇4 November Non Farm Payrolls performed very well with 261k new jobs created compared to the 200k the market was expecting. 🥇After which the rate from the data we found out unemployment rose to 3.7% 🥇All this data could have a positive impact on future inflation readings. Which has been falling for over 4 months. 🥇All this data from the US economy could gradually contribute to a weaker dollar in the future. Which the market may already be discounting at this point. 🥇Long-term chart of the dollar: 🥇With which the price of gold may gain. Not in the same way as the global addition during the pandemic. But in a noticeable way. 🥇Moving to the chart. The 1720 and 1790 price levels are still the most sensible levels. 🥇The former seems more local in the current week's range, the latter would be reached if the dollar scenario plays out. 🥇Between these levels there is another level which is the one to one correction, that is the range of the largest recent upward correction in the whole downtrend, it falls equally at 1740 🥇Looking for a good place to join the upside, I would probably look at the zone between the 0.236 and 0.382 levels of the current uptrend. Waiting there for some strong signs of buying interest 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
OANDA:XAUUSDLong
by InvestMate
6
InvestMate|USD/JPY Long-awaited correction💱USD/JPY Long-awaited correction 💱Continuing the thread started in a previous post in which I predicted a decline on USD/JPY . 💱In this post I would like to expand on my point of view 💱Last week the event everyone was waiting for was the interest rate decision, which rose to 4%. 💱This was followed by a press conference in which Jerome Powell spooked the markets with a hawkish tone, which first triggered a sharp wave of dollar weakness, and Powell's words were followed by a speculative attack to strengthen the dollar. 💱The next day already brought a cooling off and the market returned to discounting the scenario of a weakening dollar in the future and a slowdown in interest rate hikes. 💱 4 November Non Farm Payrolls performed very well with 261k new jobs created compared to the 200k the market was expecting. 💱After which the rate from the data we found out unemployment rose to 3.7% 💱All this data could have a positive impact on future inflation readings. Which has been falling for over 4 months. 💱All of the above data is contributing to the slow weakening of the dollar. 💱Looking at the USD/JPY chart where we are at 32 year highs. 💱In an uptrend since 2011. 💱The only significant corrections we have made in recent years were these 2: 💱Looking at the current one-year uptrend impulse, it is hard not to get the impression that in the long term we could use some kind of correction, at least to match the one in July this year 💱Or perhaps we are in for an even bigger correction returning to strong support points? 💱If Japan's rising inflation forced the central bank to raise interest rates, which are at record lows, and these developments combined with the BOJ's stated desire to strengthen the currency in recent weeks. We could see a massive downward slide, especially with the dollar 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
2
InvestMate|EUR/USD ON IMPORTANT LEVEL!💶EUR/USD ON IMPORTANT LEVEL! 💶That's like predicting rises on the EUR/USD pair in last week's post which was highlighted by the editors. For which many thanks. 💶The time has again come for a bullish attack on this pair. 💶The US situation regarding the strength of the dollar is slowly being cooled. The last interest rate hike, which took place on 2 November, showed us the return of a dovish attitude when it comes to raising rates. Although Jay Powell's announcements are still hawkish. Looking at the US economic situation and falling inflation for more than 4 months now, I do not see the dollar gaining even more in the future. 💶The weakening of the dollar has already been discounted by the market. Repeatedly not allowing new lows on pairs with the dollar. 💶Looking at the EUR/USD chart, I have to admit that we are at a really very attractive price level, which even provokes a strong upward impulse. 💶We are at a cluster of 2 key levels. 1 is the 0.618 level of the entire upward wave from the bottom. 2 is the range of the largest correction in the entire upward impulse one to one. 💶 This is a really powerful combination that has shown its strength on the chart many times, will it be so this time too? 💶Actually what I expect is a continuation of the uptrend with a range at new highs. 💶I encourage you to watch this pair and pay attention to the important level we are at. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
7
InvestMate|S&P 500 Will we continue the uptrend?📈S&P 500 Will we continue the uptrend? 📈After the US rate hike of 75 points on 2 November, the market is assuming that the next one will only be 50 points, and looking at the economic situation, the Fed doesn't have such a push for rate hikes anymore. 📈In the US where inflation has been slowing for over 4 months now and the next reading will be on 10 November. Which puts an effective brake on future rate hikes. 📈Looking at the last few weeks, we see clear signs of a weakening dollar appreciation trend and the market is slowly discounting the gradual weakening of the dollar against other currencies. 📈Looking at the major US indices and equities. The slow deceleration in interest rates and an improving economy is poised to translate positively into the performance of major companies which will push their valuations higher. 📈Turning to the chart. 📈We have been in a downtrend since 4 January this year. 📈Taking a look at the weekly chart and measuring the waves from the covid bottom we see that we have already made practically a 50% decline from the peak which at the lowest level was -27.56% 📈 Looking at the overall structure of this downtrend which is characterised by large upward corrections. I can confidently say that we are at a price point where the price can find solid support that is hard to break through. 📈Looking at the local perspective where we have already made a 50% wave correction from bottom to top, and the fact that we are on a strong support zone. Allows us to believe that it is currently time for an upward impulse 📈Yesterday's price turbulence related to the FED's interest rate hike in the US. They were impulsive in nature. First we got what the market was expecting, i.e. a 50pc interest rate hike, which was not as big as it had been in the past, then Jay Powell warned the market that his stance remained hawkish, which caused the dollar to suddenly weaken, after which it strengthened significantly again. 📈It looked like a typical speculative move. 📈For this we flashed a descent to really attractive levels on the US indices, allowing us to conclude that the coveted major correction in the uptrend has already taken place. 📈I encourage you to keep an eye on this index, as demand for the dollar slows down and the economic climate gets better, increases in equity valuations are inevitable. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
ULong
by InvestMate
6
InvestMate|DXY Dollar in retreat💲DXY Dollar in retreat. 💲Last week the event everyone was waiting for was the interest rate decision, which rose to 4%. 💲This was followed by a press conference in which Jerome Powell spooked the markets with a hawkish tone, which first triggered a sharp wave of dollar weakness, and Powell's words were followed by a speculative attack to strengthen the dollar. 💲The next day already brought a cooling off and the market returned to discounting the scenario of a weakening dollar in the future and a slowdown in interest rate hikes. 💲4 November Non Farm Payrolls performed very well with 261k new jobs created compared to the 200k the market was expecting. 💲After which the rate from the data we found out unemployment rose to 3.7% 💲All this data could have a positive impact on future inflation readings. Which has been falling for over 4 months. 💲Looking at the dollar index we were still last at levels seen in 2002. 💲Looking at the big picture, the bottom on the dollar took place during the 2008 crisis and since then the dollar has gradually strengthened. 💲But the real wave of appreciation has only come since inflation rose and the Fed began raising interest rates. 💲Looking ahead and combining the facts, it does not look like the FED will be raising interest rates as sharply in the future as it has done in recent months. 💲Turning to the chart. On 3 November we saw an attempt to attack the 0.618 level of the last downward wave from where the sell-off rally started. 💲Measuring the upward momentum that has been going on since the discounting of interest rate hikes in America 💲The key places will be 2 levels. The first 0.236 and the second 0.382 💲In the long term we are likely to be at the 102 level which has been set by measuring from the last peak in 2001 to the 2008 low. Where price has repeatedly found resistance 💲If we would maintain the downward trend the levels to see this week are 108.5 and 107.300 which are the outer fibo levels of the last upward impuls 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
TVC:DXYShort
by InvestMate
7
InvestMate|AUD/USD Before the launch🦘AUD/USD Before the launch. 🦘It all started with my last post in which I predicted an upward reaction but didn't think we would go any lower. 🦘Everything would have been beautiful rates were raised as the market expected. 🦘With the market starting to discount a weakening of the dollar followed by a press conference by Jerome Powell spooked the markets with a hawkish tone, which first triggered a sharp wave of dollar weakness, and Powell's words were followed by a speculative attack to strengthen the dollar. 🦘After all the fall, the market started to return to discounting the dollar's downward scenario. 🦘Thanks to this, we scored a really big correction which even provokes to go even higher. 🦘On the horizon is the 10 November inflation reading, which I think will positively surprise investors by giving another reason to slow down interest rate rises. 🦘Looking at the long term perspective measuring 2 waves. One from covid bottom and the other from peak to local bottom. 🦘A really interesting level of 0.236 of the declining wave has appeared on the horizon which falls perfectly at 0.66. 🦘Level really highly likely for the coming week if the uptrend continues.... 🦘I would also like to point out that we finally broke out of the 0.618 level of the wave from covid bottom to peak. on which we repeatedly rocked up and down 🦘Can we say that the path to patterns remains open? 🦘I hope so. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
by InvestMate
7
InvestMate|DAX Time to fall🇩🇪 DAX Time to fall 🇩🇪 Looking at the last few weeks on the dax, we see quite a bit of unwinding after new lows. 🇩🇪 The dax has already rallied more than 15.40% from its lows 🇩🇪 In my last post where I perfectly predicted the correction that took place last week. 🇩🇪 It was followed by a breakout to new highs but I believe that the correction potential has not yet been fully exhausted. 🇩🇪 It is unusual in a serious long-term downtrend for the price to just keep going higher and higher from a new low. 🇩🇪 Sooner or later a correction comes. 🇩🇪 Is the 13600 level the ideal time for a correction? 🇩🇪 Definitely highly likely in my opinion. 🇩🇪 My assumption is confirmed by the fact that we are in a place where the price has already reversed direction once in the past and that it is one of the more important fibo levels 0.382 of the whole downward wave. 🇩🇪 The correction targets will be 2 levels, one more likely and the other a little less likely These are the levels 0.382 and 0.5 of the current upward impulse. These are places where the price has found support many times in the past 🇩🇪This is a long-term scenario, I do not even exclude breaking out even higher before the decline. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
DShort
by InvestMate
3
InvestMate|Bitcoin to the moon₿ Bitcoin to the moon ₿ Last week was characterised by high volatility from dips to rises ₿ The event that everyone was waiting for was the decision on interest rates which rose to 4%. ₿ Followed by a press conference in which Jerome Powell frightened the markets with a hawkish tone, which caused first a sharp wave of weakening of the dollar and after Powell's words there was a speculative attack on the strengthening of the dollar ₿ The following day, the market had already cooled down and the market went back to discounting the scenario of a weakening dollar in the future and a slow slowing of interest rate hikes ₿ 4 November Non Farm Payrolls performed very well with 261k new jobs created compared to the 200k the market was expecting. ₿ After which we also found out that the unemployment rate which rose to 3.7% ₿ All of these data could have a positive impact on future inflation readings. Which has been falling for over 4 months now ₿ All of the above data are contributing to the slow weakening of the dollar. ₿ Looking at the fact that bitcoin as well as other cryptocurrencies did not fall as drastically when the strength of the dollar surged only informs us of the hidden potential that is in them ₿ Just as I brilliantly predicted previous movements on bitcoin in previous posts: ₿ Yes this time again I believe that the next week for bitcoin could prove to be rich in increases ₿ The levels that bitcoin can reach this week are 22.5k where I find the strong resistance line of 0.618 of the biggest upward impulse after the dips. ₿ Also looking at the fact that we are in a 3rd wave leads me to believe that the current uptrend could last a few weeks and that we will break out new local peaks which would certainly bring a lot of optimism to the cryptocurrency market. ₿ I encourage you to follow Bitcoin and other cryptocurrencies 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
InvestMate|BNB Lets go!💲BNB Lets go! 💲Binance coin never disappoints, being the 3rd most capitalised (not counting tether) cryptocurrency in the world 💲Demand for this cryptocurrency of the largest cryptocurrency exchange in the world never slows down. 💲This is also the case this time. 💲In the face of discounting the future in which the role of the bulls is significantly reduced looking at the dollar. And the Fed's decisions in the face of slowing inflation are no longer as hawkish as they were before. Only the most relevant projects are gaining. 💲Moving to the chart and observing that the price has already rebounded by 84.68% since the bottom, which took place on 18 January this year, is very impressive. 💲And as far as I can see it has no intention of stopping at all. 💲After a correction of 6.69%, the price is still pushing upwards. 💲This was by far the biggest correction in this upward impulse. 💲Looking at a broader perspective and doing a fibo measurement from peak to low, we see that the price is already confidently above the 0.236 level and heading towards 0.382 which falls at the 380 price level 💲All indications are that this is the level where we are likely to stop. 💲I encourage you to watch this cryptocurrency and follow the current upward momentum 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
6
InvestMate|ETH Ready for a bump💰ETH Ready for a bump. 💰Referring to my last post in which I predicted a rise on ETH. 💰The scenario remains unchanged still talking about an upward direction with a target point at $1800 and even in the near future at $2400 💰Why I think ETH is ready to break out. 💰Looking at the last few days in which the dollar tried to strengthen again causing a lot of turbulence on the prices of instruments such as: 💰Index s&p500: 💰Gold: 💰EUR/USD: 💰As we can see, all these charts are united by a sharp fall in value while the dollar strengthens. 💰The situation is different on ETH. 💰ETH scored a correction but a very small one, we barely saw the 0.382 level of the whole upward wave, which only allows us to think about the high potential that lies in this cryptocurrency. 💰Looking at the current wave structure and the fact that after yesterday's Fed decision to raise interest rates the price has visibly rebounded and buyers have been found, leads me to believe that we will see new current peaks in the coming days. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
InvestMate|AUD/USD Perfect time to buy🦘AUD/USD Perfect time to buy. 🦘Can we say that with this pair we are in an ideal place to buy? 🦘It seems to me that in the case of this pair we have already reached the current lows. 🦘Following the 75 point hike in the US interest rate on 2 November, the market assumes that the next one will be only 50 points and looking at the economic situation the FED does not have such a push to raise rates anymore. 🦘Today, 3 November, we also got important data on the trade balance, which positively surprised investors with high increases, far better than what the market was pricing in. 🦘1 November we also had the interest rate decision in Australia, which rose to a level of 2.85%, far less than the market was expecting, with the increase reaching 3.1%. 🦘But looking at inflation which is already reaching new highs of 7.3% definitely more than most expected. Looking at this perspective of a small increase in interest rates, we can only expect further increases in the current economic situation. 🦘What's different in the US where inflation has been slowing for more than 4 months now and the next reading will be on 10 November. Which puts an effective brake on future rate hikes. 🦘Looking at the last few weeks, we see clear signs of a weakening trend of dollar appreciation and the market is slowly discounting a gradual weakening of the dollar against other currencies. 🦘Turning to the chart. 🦘We see that we bottomed on 13 October. 🦘The uptrend has already been in place since 5 April this year. 🦘More importantly looking at the current medium term outlook we have today found ourselves at a very important support line, which in the past has been almost unbreakable resistance, repeatedly tested from below currently could be a strong support zone for the price. 🦘This looks like an ideal place to play the upside. 🦘Looking also at the fact that it is a fibo level of 0.5 or 50% of the entire upward wave from the bottom to the current peak. 🦘Only confirms me in my assumptions. 🦘Taking long positions at the current moment the most sensible option would be to set a stop order below the 0.63 level where the next strong level of the 0.618 upward wave is located with profit potential at new highs and for the patient even above them. 🦘 The high risk ratio may compensate for the time to wait for the position to materialise. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
3
InvestMate|DAX correction on the way🥨DAX correction on the way. 🥨As in my last post I predicted a rise in the DAX idx this time it was time for a correction. 🥨After a month-long rise of equal to 14 from the bottom, can we speak of an imminent correction? 🥨By all means. 🥨The Dax has only made one major correction in its journey to the top, amounting to 78.6% of the first downward wave. After which it started its 3rd wave rally 🥨I believe that in this case a correction is inevitable and will happen sooner or later. 🥨Will it be tomorrow morning at the opening of the German stock market? 🥨Perhaps. 🥨I don't want to imply here that we have already exhausted maximum strength but whether with or without a new peak I expect some kind of significant correction on this index. 🥨In order to determine possible levels to which the price could descend, I have used a fibo wave measurement. First from bottom to top then I measured the biggest correction in the whole upward impulse and measured one to one. 🥨It showed me an interesting cluster of levels at 0.382 and 1:1 which falls in the price range between 12800 and 12731 and if the price would start heading south with the return of the negative sentiment a return to the designated zone becomes highly probable. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
DShort
by InvestMate
3
InvestMate|Bitcoin the rally continues...₿ Bitcoin the rally continues... ₿ Referring to my last post in which I predicted an upward movement on bitcoin ₿ Observing the flat correction that has been taking place for about 7 days now ₿ I can confidently say that I don't think we are going to go lower in the coming sessions. ₿ Given the very low levels we are at since the peak, a further breakout is highly likely ₿ Targets remain unchanged, first resistance 25k then 30k ₿ For more details I refer you to my previous post on bitcoin pinned at the top. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
5
InvestMate|USD/JPY waterfall coming up💱USD/JPY waterfall coming up. 💱For some time now, since 21 October to be precise, we have seen a trend reversal on the USD/JPY pair. 💱The reversal was abrupt in nature, it was done through the monetary intervention that Japan made in order to stop weakening its currency. 💱Is there a chance that the uptrend that has been running on this pair since 3 October 2011 will be reversed? 💱Rather not, but a correction of the wave that has gained strength since January last year should finally take place. 💱I think we are in an ideal place to make such a correction. 💱This is due to the fact that Interest Rates in the US, have now been discounted and there is no longer as much of a push to raise them as a result of slowing inflation, and the not so terrible recession that most feared. 💱The market is still expecting one more interest rate hike tomorrow to the 4% level but given the positive sentiment and the already discounted news I think the decision may not have a significant impact on the price of the dollar with the Japanese yen. 💱 Confirming my thesis on the lower intervals we can see that from the intervention to the bottom measuring this wave. We made a correction of 50% after which we started to slide sharply, this can be seen by the size of the candles accompanying the descent standing out against the upward ones. 💱Wondering where the price might go I made 2 measurements. 1 measuring the fibo from the covid bottom which shows that the first important correction level falls to us at 0.236 which is at the price level of 140. The 2nd measurement is measuring the overbalance of the largest correction in the uptrend impulse lasting from the covid bottom which results at 143. 💱It is up to you to make a verdict on which of these levels we will see final 💱 Taking a position at the current moment the stop order will be at 148.280 and the take profit at one to one or around 143 giving us a risk/reward ratio of 3.72 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
13
InvestMate|USOIL Time to continue downtrend🛢️USOIL Time to continue downtrend 🛢️On oil we are at an interesting moment. Since 26 September, we started to make an upward correction of the downtrend from the levels of $76 per barrel. 🛢️Then we broke out to $93.5 🛢️We then performed a correction of this uptrend impulse again finding resistance at $83 where the 61.8 level of the entire upward wave was located. 🛢️In the last few days there was again an attempt at growth which was currently stopped at the cluster of levels 0.236 of the upward impulse wave and 0.618 of the correction of this impulse. 🛢️Seeing that it is around $90 is a place of strong resistance. I believe we are in an interesting place to make a downward correction. 🛢️The target place for declines will be the cluster of levels at 0.5 of the largest upward impulse 0.236 of the last largest downward impulse and 0.618 of the current upward wave. 🛢️ Assuming we open positions now The stop will be above the resistance zone at around $90.4 and the take profit at $95 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
TVC:USOILShort
by InvestMate
8