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USDJPY, Moving In Steady Down-Trend, These Are Important Zones!Hello, Traders Investors And Community And welcome to this analysis about the current price-structure we are facing in the USDJPY, there are some highly meaningful signs in the charts which are indicating to me that we will continue with the so far establishes down-trend and that we will at least approach some lower levels where we have to consider the situation new again. I recommend that you read the analysis fully and also look into my account for other contemplated ideas about the markets. As you can see in my chart USDJPY formed a huge descending triangle which is in the very almost occasions a bearish formation, therefore it is within the high possible range that we continue more to the downside. As you can see the price made three declining lower highs after touching several times the 100-EMA you can see in my chart, the 100-EMA serves as a big big big resistance here and also it is the horizontal resistance line in blue at 106.95 which is building the logical bottom of the huge triangle where the price confirmed to the downside. Now as the overall structure looks more bearish than bullish we can expect to decline more, we have also formed a smaller head and shoulders formation which neckline you see in grey this neckline can be confirmed in the next time, it is just one more significant factor which plays into the bearish continuation to the downside. Traders who like to open a short here can do this, I will also look for a good entry-point here to take the profits on the way down. Overall the logical target at 104.6 will be reached, this is the minimum target in the structure, from there we have to elevate and see if the price falls more or stabilize in this structure to form a reversal, will be interesting to define how we will continue. Furthermore, we are still in an overall bigger bullish picture as we did the way from 101 to 111 this bullish trend can continue and the current bear decline can be a correction of this which should be kept in mind. Thanks for watching! Support for more market insight! All the best! Trading effectively is about assessing probabilities not certainties. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
by VincePrince
5
S&P 500 Head & Shoulders on the DailyThe SPY (S&P 500 Index) resembles a quite clear Head & Shoulders Pattern which is generally bearish. The daily candle chart shows a right shoulder forming with a rejection from the $445 area. With this rejection and a continuation downwards, we could see a harder fall if this aligns with the left shoulder and follows the pattern. The other main indices also follow a similar pattern formation and could follow with a market downturn. Watching that $445 level is key to see a confirmation retest and rejection downwards. Following the lower levels, some price targets would first be the neckline as shown on the chart posted. A break below the neckline could result in a fall of the S&P 500 and if following the complete Head & Shoulders we could be seeing a realistic price target of the $410-$420 area. Other than technicals fundamentals are definitely quite alright for the market as of now. But maybe a little too alright in my opinion. We have seen a market melt up with interest rates still sky-high resulting in more risk-ON investing rather than investing in CD's or Treasuries offering up to 5.5%. The Greed being shown in this market is definitely visible and is something to keep note of if we break the neckline. Fear & Panic Selling could most definitely occur in this type of situation especially considering the market rally we've seen this summer. Seasonally the fall has been quite bearish for the markets overall, and as we head into September & October we could see a similar trend to the past, but nothing is sure. Lastly, in September / October Student Loan Repayments are resuming which could suck out millions if not billions of dollars from the United States economy as young adults chip away at debt and sacrifice spending on goods & services. This will most definitely be a crucial effect on the economy and could send markets downwards. Keep an eye out for this pattern to play out... Definitely something to watch as we move in to Fall! Thanks
AMEX:SPYShort
by ZachSap
Market Update Report - August 18 2023 Crypto prices tumble as negative news and liquidations hit market: Bitcoin moved sharply lower this week, dipping well below recent ranges, nearly hitting FWB:25K USD on Thursday before somewhat bouncing back. The downward price action followed a build up of negative news, including a report of large sales of BTC by SpaceX, the bankruptcy of Chinese property giant Evergrande, and a subsequent raft of liquidations in the crypto derivatives market totalling $1 billion USD in 24 hours. EU lists a spot bitcoin ETF, beating US to the punch: A London-based asset manager listed a spot bitcoin ETF on the Amsterdam Euronext stock exchange this week, as US asset managers wait on the SEC for a decision on US-based spot bitcoin ETF applications. Coinbase secures approval to offer crypto futures to US investors: After applying two years ago to the National Futures Association, Coinbase has received approval for a Futures Commission Merchant, which will allow it to offer futures products to US investors. The Sandbox completes $100 million USD token unlock: Other projects including Avalanche (AVAX) and Injective (INJ) also have token unlocks coming later in August. Equities dip as China’s economic woes weigh on markets: Equities dipped along with crypto markets this week, with the economic news coming out of China showing a cloudy outlook for the country as it slips into a deflationary period. 🔗Crypto Topic of the Week: Cross-Chain Interoperability Read more here ⬅️
GEMINI:BTCUSD
by Gemini
1
WHAT MIGHT BE THE REASON OF A SUDDEN STRONG $DXY ? 1. Technical it could be interpreted of a potential MarkDown and a potential pull back on the top of this channel. 109 will be highly likely ! According to call it above 0.618 of the initial MarkUp (103)... 2. Fundamentals > Economic Data Releases > such as positive GDP growth, low unemployment rates, or higher-than-expected inflation, can boost confidence in the U.S. economy and attract investors to the U.S. dollar. > Interest Rates > Fed raised interest rates or hints at a more aggressive monetary policy stance, it could increase the attractiveness of the TVC:DXY as higher interest rates can provide higher returns on dollar-denominated investments. > Safe-Haven Demand > TVC:DXY is often considered an actual safe-haven currency during times of global economic uncertainty or geopolitical tensions (BRICS, even if they are talking about, they did not setup anything yet that might trigger any potential collapse. MM may flock to the dollar in search of stability and safety. > Relative Economic Performance > If the U.S. economy outperforms other major economies, it can lead to an appreciation of the dollar relative to other currencies. > Market Sentiment > Currency markets can be influenced by MM sentiment, and sudden moves in the DXY can be triggered by changes in market perceptions or risk appetite. > Capital Flows > whether due to investments, trade balances, or other factors, it could impact the strength of the dollar. If this scenario failed and we make a clear pull back below 100 (103 rejected), it could confirm the UpThrust done, and the reintegration of the initial fork could mark a signifient end of the hegemony of the dollar. otherwiase, as Serguey LAVROV predicated it > definitive dedollarization ! wo1and, PhD
TVC:DXY
by UnknownUnicorn6367453
GBPCHF FORECAST Right now market is in support zone and trying to pull back from support zone from few days market moving in a rectangle zone i.e If market successfully pullback from support zone then we can expect a upward trend following rectantangle zone till 1.15141 if it brake the resisrtance then market will again move upward direction and price will come nearest to major resistance If market fails to pullback from here then the price can go downward direction and try hold at support .if price break this support also then then the market start changin his move and moving downward direction sharply and we can expect a bearish market here and most probably market will reach nearest to major support and try to hold here or market will pullback rapidly due mojor support
by yusufff04
Charts Show Market Expects Fed to Pause but Big Resistance AheadTraders, Over 90% of the market is currently pricing in a FED rate pause tomorrow, but beware, the market often moves towards the point of maximum pain. My charts are showing we are at a critical point of resistance as I type this post. The bulls are going to have to conquer 4,370 and confirm it on the daily to convince me that the they are not out of steam just yet. From my perspective and the way I am reading this chart, is that the market may be in for a bit of a surprise pullback here. The blow-off top that I predicted well over a year ago is still currently underway and, IMO, will continue. But the market never goes to any future price point in a straight line. We are due for a pullback. I am not saying this will occur. I am only suggesting that a bit of caution is still very much warranted for the remainder of this week. Here's a look at a schedule of significant events that have or will yet occur and may cause volatility: Tuesday: • US CPI Data • Hinman Docs Become Public • SEC's Coinbase Rulemaking Response • Binance US Hearing Wednesday: • US PPI Data • FOMC Meeting Thursday: • US Jobless Claims • US Retail Sales Data Take care, Stew
U
by stewdamus
5
Exploring Leverage in Gold and Forex Trading 💰 Leverage is an essential tool in trading gold and forex. It enables traders to control larger positions with minimum initial capital. However, it also carries a high degree of risk as one can experience significant losses if the market moves against them. Here are some things to consider about leverage in trading gold and forex: • Leverage is the ratio of the amount one can borrow and the amount of capital invested. For instance, if a trader chooses a 50:1 leverage, then they can trade up to 50 times more than their initial capital. • While leverage allows traders to profit immensely from small market moves, it also magnifies losses if the market goes in the opposite direction. • Even experienced traders can fall prey to leverage's pitfalls, so it's crucial to understand the risks and manage them effectively. • Traders must calculate their risk-reward ratio before initiating a trade that involves leverage to help minimize losses and improve returns. • Stop-loss orders can help traders to manage their risk in case of unexpected market movements. • It is essential to have a solid trading plan that includes entry and exit strategies, trading goals, and risk management strategies. • Traders should choose a broker that offers favorable margin requirements and instant trade execution. In conclusion, leverage can be a useful tool in trading gold and forex, but it is not suitable for everyone. Traders must carefully evaluate their risk tolerance and have a well-defined trading plan before employing leverage. Please, like this post and subscribe to our tradingview page!👍
BITSTAMP:BTCUSDEducation
by EliteTradingSignals
4
Potential for a key monthly reversal on GoldGold needs to go back on to your radar, not only has the market halted at the major resistance 2070/91 (2022 high, top of the 12-year up channel AND Fib extension) BUT it is threatening to chart a key monthly reversal. Should we see a monthly CLOSE below last month's low of 1949 this will be a key month reversal. For a likely top, these happen when a market trades higher than the previous months high BUT closes lower than the previous months low. You might want to tighten up stops or at the very least keep a close eye on this market. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
FXOPEN:XAUUSDShort
by The_STA
BTC Approaching Resistance zone.As you can see on the chart, Using my strategy i have found a OTZ (Optimal trading zone), this particular zone has been tested Various times with price entering and exiting from here. The zone is between $28,133 - $27,444. - Looking for potential breakout out of this zone, once this happens I like price to re-enter this OTZ again to establish a strong support within the zone, this can help determine direction of the market. - The strategy I use focuses on finding a double bottom pattern, I'll sharing my future Ideas that will explain my reasons of entering. Thanks for reading, I am Richy from Limitless Trading Firm.
by LimitlessRx8
EUR/USD sitting on trendline supportWe discuss whether we think the uptrend on EUR/USD will hold.... Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
by The_STA
UK inflation data out this weekWe outline the support levels that you need to watch for GBP/USD.... Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
by The_STA
MARKETS week ahead: May 21 – 27Last week in the news Overall sentiment on financial markets continues to be uncertain when taken into account all inputs from US officials regarding the state of the US economy and potential further monetary measures. Current uncertainties are additionally supported by the lack of agreement about the US debt ceiling. The EU markets finished the week in green amid US debt ceiling non-agreement, while US equities were down due to the same reason. The crypto market remained relatively flat during the week, with Bitcoin ending the week modestly below FWB:27K , and Ether modestly above $1.8K. Fed Chair Powell gave a speech at a monetary conference in Washington during the previous week, but said nothing new when future monetary moves are in question. Further rate increases will depend on the current state of the economy. Inflation and labor markets are two important segments which will be closely watched also in the future, and depending on their developments, the Fed will make decisions accordingly. There is also some potential for the Fed to pause rate hike at their meeting in June, but it does not provide certainty that hikes will not continue during the second quarter of this year. Economists are concerned over potential over-hiking, considering the fact that it takes some time until monetary policy fully transmits into the economy. The saga over the US debt ceiling continues. The agreement still has not been reached. On one side, House Speaker Kevin McCarthy and US President Joe Biden noted their beliefs that the agreement might be reached until June 1st. On the other side, Treasury Secretary Janet Yellen gave a speech in which she openly expressed the worst-case scenario if an agreement is not reached. She noted that a US default would trigger a “number of financial markets break – with worldwide panic triggering margin calls, runs and fire sales”. Such a scenario would leave at least 8 million Americans without a job, while the final deadline is set for June 1st, she noted. The G-7 meeting of seven most developed countries in the world started on Friday in Hiroshima, Japan. Conclusions from this meeting will be briefly followed by the markets, considering that many important global topics will be discussed, like international trade and security. Although Binance exchanger announced that it will cease operations in Canada due its restrictive newly adopted law on digital assets, Coinbase (COIN) officials commented that they are very found of the new law, as it provides regulatory clarity for companies operating within the crypto segment, commenting also that this type of clarity is highly unavailable in the US laws. As officially announced, Coinbase is planning to expand operations in Canada, by introducing Interac payment rails to Coinbase platform. Crypto market cap There is currently a sort of status-quo on financial markets, except for US Treasury bonds. Investors were expecting to hear more information on future Fed moves from Powell's speech in Washington during the previous week, however, he provided no additional information except for those that the market already priced. On the other hand, Treasury Secretary Yellen mentioned some scary dooms-day scenario for global financial markets, if the US debt ceiling is not increased by June 1st. All this provides a sort of wait-and-see situation for investors, which are trying to figure out which side to trade. As of the end of the previous week, there have been some movements from US equities to EU equities. Probably, some investors have decided to secure their funds, through geographical diversification, until the saga with US debt is finally settled. The crypto market is making a pause from a two-week correction. During the previous week, total crypto market capitalization remained relatively flat, with a total funds inflow of minor $5B. Daily trading volumes also decreased from a week before, trading around SGX:40B on a daily basis. This is further confirming that the market is on a road of exhaustion of previous moves to the downside, and is following general status-quo on financial markets. Total crypto market capitalization increase since the beginning of this year remained flat at 44%, where it has added a total $335B to the market cap. Although majority of coins ended the week with a small gain, there were also few of them which finished the week in red. Bitcoin was traded relatively flat, with a small gain of 0.4% or $2B on a weekly basis. At the same time, Ether was traded in a negative territory, with at loss of $2B in a market cap or total 1%. XRP was also a coin which was supported by the news related to developments in Ripple company, and managed to gain $2B or 9.8% compared to the end of the previous week. Solid gainers of the week in relative terms were Solana, which increased its market cap by 8.9% w/w, OMG Network was up by 10% and Litecoin with a surge of 14% within a single week. On the losing side were Solana, with a drop in value of 2.9%, Maker was down by 1.6%, while Monero dropped by 1.4% w/w. As for coins in circulation, Filecoin continues with its strong push to the upside, with added 0.8% of new coins. Polkadot also increased its circulating coins by 0.8%, while at the same time, Ether decreased circulating coins by 2.1% within a week. Crypto futures market Both ETH and BTC futures ended Friday`s trading session in green. However, in line with developments on the spot market, movements to the positive side were minor. BTC short term futures were closed up by around 2% on average, while long term ones were traded with only minor change compared to the week before. Futures maturing in December 2023 were traded by 2.1% higher, ending the week at level of $27.590, while those maturing in December next year were closed at price $28.280, almost without a change compared to the week before. ETH short term futures were up around 1.5% w/w, while futures with longer maturities were traded higher by modest 0.5%. Futures maturing in December 2023 were closed at price of $1.824, and those maturing in December next year were traded at the latest price of $1.869.
CRYPTOCAP:TOTAL
by XBTFX