Get started

NEWS

CL OIL H4 11 March 2024 🛢 CL OIL, H4 🛢 11 March 2024 Crude oil prices experience a slight dip as apprehensions persist over soft Chinese demand. Despite OPEC+ extending supply cuts, China's conservative economic growth target of around 5% for 2024 raises concerns. Analysts emphasise the challenging outlook without additional stimulus measures. Attention shifts to major central banks' potential rate cuts, including the Federal Reserve and the ECB, as lower rates could stimulate oil demand by fostering economic growth. Oil prices are trading lower following the prior breakout below the previous support level. Suggesting the commodity might extend its losses. Resistance level: 78.00, 80.20📉 Support level: 75.95, 73.45📈
TVC:USOILShort
by top_fx
USDJPY H4 11 March 2024USD/JPY, H4 11 March 2024 The USD/JPY pair extends its aggressive decline, weighed down by a narrowing interest rate differential between the US and Japan. Growing anticipation of the Bank of Japan exiting ultra-dovish policies fuels market demand for the Japanese yen. Policymakers' emphasis on a positive wage cycle and the potential for inflation to surpass the 2% target further intensify expectations for a tightening monetary cycle. USD/JPY is trading lower while currently testing the support level. Suggesting the pair might enter oversold territory. Resistance level: 147.60, 149.40📉 Support level: 146.35, 145.05📈
Short
by top_fx
EURUSD H4 11 March 2024EUR/USD, H4 11 March 2024 The EUR/USD pair continues its upward momentum, primarily driven by the depreciation of the US Dollar. Despite the worse-than-expected US Unemployment rate and Average Hourly Earnings, triggering a significant sell-off in the Greenback, the Euro remains resilient. While the Eurozone lacks significant market catalysts, the unexpected recovery in Germany's Year-on-Year Producer Price Index (PPI) for January at-4.4%, surpassing expectations of-6.60%, further bolsters the Euro's strength against the Dollar. The EU Gross Domestic Product (GDP) aligns with market expectations at 0.0% for Q4. EUR/USD is trading higher while currently testing the resistance level. Suggesting the pair might enter overbought territory. Resistance level: 1.0965, 1.1100📉 Support level: 1.0865, 1.0770📈
Long
by top_fx
GBPUSD H4 11 March 2024 GBP/USD, H4 11 March 2024 Pound Sterling experiences a surge against the US Dollar, propelled by discouraging US Unemployment data. The US Bureau of Labor Statistics (BLS) reports soft wage growth and a notable spike in the Unemployment rate for February. Despite better-than-expected Nonfarm Payroll data, the pessimistic economic outlook fuels expectations of a Federal Reserve interest rate cut before the Bank of England, introducing a potential policy divergence. Market participants anticipate a Fed rate cut in June, while expectations for a BoE rate cut loom from August. GBP/USD is trading higher following the prior breakout above the previous resistance level. Suggesting the pair might experience technical correction. Resistance level:1.2905, 1.2995📉 Support level: 1.2785, 1.2710📈
by top_fx
XAUUSD H4 11 March 2024 🔖XAU/USD, H4🔖 11 March 2024 Gold prices enjoy continued gains, propelled by a weakening US Dollar. A series of lacklustre US economic data, coupled with dovish statements from the Federal Reserve, diminish the appeal of the greenback. The focus shifts to forthcoming inflation reports, where a continued decline in US inflation may heighten expectations for Fed interest rate cuts, further supporting gold market demand. Gold prices are trading higher following the prior breakout above the previous resistance level. Suggesting the commodity might enter overbought territory. Resistance level: 2235.00, 2350.00📉 Support level:2150.00, 2080.00📈
PEPPERSTONE:XAUUSDLong
by top_fx
DOLLAR_INDX, H4 11 March 2024 💵 DOLLAR_INDX, H4 💵 11 March 2024 The US Dollar grapples with losses as key employment indicators present a mixed picture. The disappointing unemployment rate and hourly earnings figures contrast with a robust non-farm payroll report, leaving the greenback in a delicate position. Bloomberg reports reveal that Federal Reserve Chair Jerome Powell and colleagues are moving closer to revising their inflation strategy. Powell emphasises the need for "just a bit more evidence" before considering a shift in the central bank's approach. His recent congressional testimony suggests a potential willingness to cut interest rates in the short term, pending further confirmation of inflation trends toward the 2% target. The Dollar Index is trading lower following the prior breakout below the previous support level. Suggesting the index might enter oversold territory. Resistance level: 103.70, 104.50📉 Support level:102.10, 101.35📈
TVC:DXYShort
by top_fx
🛢 CL OIL, H4 🛢 8 March 2024 🛢 CL OIL, H4 🛢 8 March 2024 Oil prices have faced challenges in sustaining upward momentum, despite factors that traditionally might boost prices, such as the easing strength of the dollar and potential dovish policy shifts from the Federal Reserve. However, there was a slight rebound in oil prices in the latest trading session, attributable to a temporary supply disruption. A critical pipeline, which facilitates the transport of oil from Canada to the U.S., experienced a temporary shutdown, causing a brief uptick in prices due to the immediate impact on supply. Oil prices have found support at their crucial liquidity zone at near $78.70. Suggests a neutral signal for oil. Resistance level: 81.20, 84.10📉 Support level: 78.65, 75.20📈
TVC:USOIL
by top_fx
USDCAD H4 8 March 2024 USD/CAD, H4 8 March 2024 The Canadian Dollar experienced a notable resurgence as the market absorbed the hawkish sentiments emanating from the Bank of Canada. In its most recent monetary policy decisions, the BoC opted to maintain its interest rates at 5%, with the Bank rate and deposit rate held at 5.25% and 5%, respectively. The central bank affirmed its commitment to quantitative tightening, citing Canada's robust economic performance compared to other major regions. USD/CAD is trading lower while currently testing the support level. Suggesting the pair might enter oversold territory. Resistance level: 1.3535, 1.3620📉 Support level: 1.3430, 1.3345📈
Short
by top_fx
GBP/USD, H4 8 March 2024 GBP/USD, H4 8 March 2024 GBP/USD made significant gains buoyed by optimism surrounding the UK's budget announcement. Chancellor of the Exchequer, Jeremy Hunt, revealed positive forecasts from the Office for Budge Responsibility (OBR), anticipating a 0.80% economic growth in 2024-- 0.50% higher than the previous autumn forecast. Hunt announced a tax rate cut in employees' National Insurance from 10% to 8%, signalling further confidence in the economic trajectory. Despite the tax cut, Hunt expressed assurance that the UK's debt level would stabilise and projected a gradual reduction to 94.3% by 2028-29, down from the current level above 100%. GBP/USD is trading higher following the prior breakout above the previous resistance level. Suggesting the pair might experience technical correction. Resistance level:1.2905, 1.3000📉 Support level: 1.2785, 1.2710📈
by top_fx
DOLLAR_INDX,DXY H4 8 March 2024💵 DOLLAR_INDX, H4 💵 8 March 2024 The Dollar Index has undergone a substantial decline for a second consecutive session. This can be attributed to the messaging from the Federal Reserve chief during the testimony, indicating that the U.S. central bank is approaching its targeted inflation rate of 2%, and the Fed is on the verge of adjusting its monetary tightening policy. This development has heightened speculation about a potential rate cut in June, significantly impacting the strength of the dollar, causing it to depreciate. The dollar index has broken another support level, suggesting the dollar is trading with strong bearish momentum. Suggesting the bearish momentum is gaining. Resistance level: 103.70, 104.50📉 Support level: 102.00, 101.35📈
TVC:DXYShort
by top_fx
CL OIL, H4 7 March 2024CL OIL, H4 7 March 2024 Oil prices have rebounded from their liquidity zone and maintained their previous high levels, forming a double top price pattern. The dovish stance from the Fed's testimony has provided support for higher oil prices. Additionally, the weekly U.S. oil reports falling short of expectations suggest an improvement in oil demand in the U.S., contributing to the positive momentum in the oil market. Oil prices have rebounded but formed a double-top price pattern, suggesting a potential trend reversal for oil prices. Suggests the oil prices remain trading with bullish momentum. Resistance level: 81.20, 84.10📉 Support level: 78.65, 75.20📈
TVC:USOILLong
by top_fx
USD/JPY, H4 7 March 2024 USD/JPY, H4 7 March 2024 The Japanese yen demonstrates resilience, outperforming other currencies amid hawkish expectations surrounding the Bank of Japan. Speculation of a potential interest rate increase surfaces as the country experiences a robust economic recovery. In contrast, Federal Reserve Chairman Jerome Powell hints at the prospect of interest rate cuts in the US if economic momentum persists, curbing the appeal of the dollar. USD/JPY is trading lower following the prior breakout below the previous support level. Suggesting the pair might enter oversold territory. Resistance level: 149.40, 150.80📉 Support level: 147.60, 146.35📈
Short
by top_fx
1
AUD/USD, H4 7 March 202AUD/USD, H4 7 March 2024 AUD/USD benefits from additional US Dollar losses, aligning with a significant pullback in US Treasury yields amid speculation about an anticipated interest rate cut by the Federal Reserve in June. Ongoing developments in China warrant scrutiny, with potential stimulus measures providing temporary relief. Sustained positive economic indicators and a revival in the Chinese economy are crucial factors for fostering a robust upward trend in AUD/USD, further supported by rising commodity prices. Investors should remain attentive to these dynamics for potential trading signals. AUD/USD is trading higher while currently testing the resistance level. Suggesting the pair might extend its gains after breakout. Resistance level: 0.6575, 0.6615📉 Support level: 0.6535, 0.6485📈
Long
by top_fx
EURUSD, H4 7 March 2024EUR/USD, H4 7 March 2024 The Euro has strengthened against the dollar, reaching its highest level in over a month, propelled by a weakening dollar. Anticipation surrounds the upcoming ECB interest rate decision, with the market expecting the ECB to maintain a stance of being "in no hurry" to cut interest rates in its policy statement. This sentiment has led the Euro to trade robustly against the dollar. The EUR/USD pair has broken from its weeks-long sideways trajectory, and a break from the above suggests a bullish bias signal for the pair. Suggesting that bullish momentum is gaining. Resistance level: 1.0954, 1.1040📉 Support level: 1.0866, 1.0775📈
Long
by top_fx
GBPUSD, H4 7 March 2024GBP/USD, H4 7 March 2024 GBP/USD sustains an upward trajectory, driven by the US Dollar's depreciation. Despite the optimism, uncertainties loom ahead of the UK's 2024 budget announcement before the election, with market anticipation for potential tax rate cuts. Detailed plans remain elusive, prompting investors to vigilantly monitor developments for nuanced trading signals. GBP/USD is trading higher following the prior breakout above the previous resistance level. Suggesting the pair might experience technical correction. Resistance level:1.2785, 1.2905📉 Support level: 1.2710, 1.2635📈
by top_fx
The TradingView Digest - March 5thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top posts from our community, which includes a video tutorial on “The Leap” - our first ever paper trading competition, an informative post about Nvidia’s euphoric rise, and all the latest headlines, earnings, and economic events. 💡🎥 The Leap - Win up to $10,000 - by TradingView/ We’re spinning up the first-of-its-kind trading competition and you’re all welcome to join! Traders, speculators, active investors and even the FX gurus on Instagram and the “live like me” trading influencers — this one’s for you all. Show us what you’re made of in our first-ever paper trading competition, The Leap. The Top 5 get to walk away with real cash. From first to fifth, prizes are as follows: $10,000, $5,000, $3,000, $2,000 and $1,000. 💡🎥 Why Central Banks are Buying Gold - by konhow While many of us celebrate the stock markets reaching new highs, central banks worldwide are actively purchasing gold and institutions are hedging into treasuries to secure yields. It's important to note that interest rates are determined by central banks, while yields are determined by investors. 📰 Top Stories Elon Musk vs. Everyone: The New Fight in AI How the U.S. economy could slide into a Japan-like 'lost decade' Nvidia Stock Soars on Meta AI Deal Lockheed Martin Gets $663.1 Million Contract Modification from U.S. Department of Defense Breaking: BlackRock Bitcoin ETF Overtakes the Largest Silver Trust with MUN:10B AuM 💵 Earnings highlights from the previous week: Dell Stock Pops 20% on Earnings Beat, Strong Guidance & Hot AI Servers Demand Tidewater Q4 Earnings, Revenue Rise; Full-Year Revenue Guidance Reiterated MasTec Q4 Adjusted Earnings Fall, Revenue Rises Pactiv Evergreen Q4 Adjusted EPS Increases, Revenue Drops FuboTV Reports Q4 Loss, Tops Revenue Estimates 💡 Nvidia’s Formidable Rise - by TradingView Intense demand for Nvidia's AI chips increased the company's value to $2 trillion, with half of this growth occurring in less than four months. This demand significantly boosted Nvidia's stock price, making it one of the top three largest companies in America, right behind Apple and Microsoft. 💡 How to Trade Gaps - by ShaneBlankenship There are several ways to trade gaps, but first, there should be a solid understanding of what gaps are and how they manifest. Markets aren't difficult to read if we have some simple methods to observe them that adhere to the principles of movement. A gap is the sudden supply/demand imbalance that arises from contraction and manifests as expansion. 🌟 Script of the Week 📜 Daily Chess Puzzles - by Lux Algo This script delivers a new one-move chess puzzle to the chart every day. 💭 Our Weekly Thought: “Not being stressed from a loss is the real flex.” We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below. TradingView Team 📣 Want to be among the first to know all the news? Give us a follow!
NASDAQ:QQQ
by TradingView
9
Forex preview: NFP, Powell’s testimony, and BoC and ECB decisionThe key events for the week are concentrated mainly between Wednesday and Friday. In the United States, the focus will be on January jobs data and speeches by Federal Reserve officials. The most important of the bunch is of course Federal Reserve Chair Powell two-day testimony in Congress on monetary policy starting Wednesday. Traders will look for cues regarding the future trajectory of monetary policy, with special attention paid to the Q&A session following Powell's opening remarks. Friday will bring the release of Non-Farm Payroll (NFP) data, with expectations of a 188,000 job increase in February. This would be a significant drop from the 353,000 jobs added in January. JOLTs job openings are anticipated to fall to 8.9 million in January after two consecutive months of increases (Wednesday). In Canada, the Bank of Canada is anticipated to maintain interest rates unchanged for the fifth consecutive time on Thursday. In Europe, the European Central Bank (ECB) is expected to keep rates unchanged on Thursday. ECB members continue to advocate for a patient stance, with the consensus being to wait for Q1 2024 wage data before considering a rate cut in June, aligning with current market expectations. In the United Kingdom, all eyes will be on Finance Minister Jeremy Hunt's pre-election budget on Wednesday, which is expected to include tax cuts, which according to the guardian “... runs the risk of getting an adverse reaction from the markets which would snuff out what is still a lukewarm and tentative economic recovery.”
by BlackBull_Markets
Dollar Anticipation: High Impact News AnalysisWe are anticipating the release of High Impact News today, which is expected to significantly impact the dollar. With this in mind, I maintain an overall bullish outlook on the dollar. However, before this bullish momentum unfolds, I anticipate a series of market movements. Initially, I foresee a draw towards filling the liquidity void left by yesterday's volatile move. This would involve a movement towards the H4 Order Block. Following this, I anticipate a temporary bearish draw aimed at mitigating the H1 Order Block and filling its Liquidity Void. Once these steps are completed, I expect the bullish momentum to take precedence, setting the stage for a long-term bullish bias. Stay tuned for further updates and analysis as the market evolves. Kind Regards, The_Architect
TVC:DXY
by The_Archi-tect
Gold Analysis: Will the Critical Resistance Hold or Break Gold is following a downward trend line in the 4-hour time frame and has formed a short-term ascending channel! Gold is currently at a very important resistance zone of 2035 - 2039. Here we have two possibilities: 1. Gold may fail to break above this resistance and continue its downward movement from this area. 2. Gold might break above this resistance with today's news and move towards 2044 - 2047, meaning the top of the descending channel, and then, with tomorrow's news, continue to hit a downward trend from this area or an even more significant resistance of 2055 - 2058. Pay attention to the news! News events shape all trends! 📈
OANDA:XAUUSDShort
by ChartSavant
The TradingView Digest - February 27thThe TradingView Digest - February 27th Hey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top posts from our community, which includes a video tutorial on TradingView’s paper trading feature, an informative post about Bitcoin halving, a post on finding trade setups, and all the latest headlines, earnings, and economic events. 💡🎥 How-To: Use the TradingView Paper Trading feature - by TradingView TradingView's Paper Trading isn't just for practice; it's a detailed educational platform that closely simulates the real trading environment, all without the risk of losing money. This feature is carefully crafted to mimic actual market scenarios, offering users a realistic preview of how their trading plans might fare.📖🧾 💡🎥 Understanding Momentum to find the Best Setups - by TradeTheStructure In the video, I discuss how I analyze momentum using MACDs and 5-minute/1-minute charts for day trading. This approach helps me filter out the best setups, positioning myself strategically in the market and within the right trading zones. The key concepts covered in this video include momentum, price action, candle analysis, and multi-timeframe analysis. 📰 Top Stories Nvidia Market Cap Hits $2 Trillion During Post-Earnings Rally Google Halts Gemini's Image-Generation Over Bias Does Bitcoin Halving Still Matter in 2024? Home Buyers Are Back in the Market. They're Shrugging Off Higher Prices and Mortgage Rates Riot Platforms boosted BTC output by 19% in 2023, mines 6,626 Bitcoin 💵 Earnings highlights from the previous week: Warner Bros. Discovery's Q4 Net Loss Narrows, Revenue Declines Berkshire Hathaway reports record cash as earnings pop in Q4 Block's Q4 Earnings Surge American Software (AMSWA) Q3 Earnings and Revenues Beat Estimates Mercedes' (MBGAF) Q4 Results, Buyback & EV Strategy in Focus 💡 What Is Bitcoin Halving? Here's All You Need to Know - by TradingView Halving, a milestone event in the crypto space, occurs approximately every four years, reducing Bitcoin's mining rewards every 210,000 blocks. Satoshi Nakamoto, the individual or group that created Bitcoin, set a fixed limit of 21 million coins, ensuring that the total amount of Bitcoin can never go above that number. 💡 Bad News for USD Longs? - by FPMarkets According to the US Dollar Index, dollar longs are under pressure. Despite technically still exhibiting an uptrend, there are signs of emerging technical weakness. Since topping at 104.97 in mid-February, just shy of the resistance at 105.04, price action has tunneled through support at 104.15 (now marked as resistance), in addition to channel support extended from the low of 100.62. 🌟 Script of the Week 📜 Percent Rank Histogram - by VanHe1sing This script visually displays the percentage of historical data points that are less than or equal to the current value for multiple financial instruments. 💭 Our Weekly Thought: “Good traders try to avoid losing money. Great traders accept they will lose money.” We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below. TradingView Team 📣 Want to be among the first to know all the news? Give us a follow!
by TradingView
4
Crypto News: Feb 21,2024Crypto News: Feb 21,2024 1. Circle Discontinues Support for Tron Blockchain 🚫 Stablecoin issuer Circle has announced that it will no longer support USDC on the Tron blockchain. "Circle is discontinuing support for USDC on the Tron blockchain in phases. From this point forward, we will not mint USDC on Tron," the statement read. Transfers of USDC to other blockchains will be supported until February 2025. In its decision, Circle cited risk management considerations. "This action is consistent with our efforts to ensure that USDC remains reliable, transparent, and secure," the company stated. Following this news, the price of TRX, the native coin of the Tron blockchain, remains stable, hovering around 14 cents. 2. Swiss PostFinance: Crypto Trading Starting at $50 💲 PostFinance, a systemically important bank in Switzerland, is launching a new service for its clients—cryptocurrency trading with an entry threshold of $50. "Cryptocurrencies represent another investment opportunity that is here to stay. The advantage is that our 2.5 million clients can now easily and safely invest in cryptocurrencies," said Philipp Merkt, Director of Investments at PostFinance. "In addition to traditional asset classes such as stocks and bonds, cryptocurrencies represent an attractive investment opportunity within alternative investments." Thanks to this new offering, PostFinance customers can trade cryptocurrencies from their accounts 24/7. PostFinance is one of the leading financial institutions in Switzerland, with assets valued at 106 billion francs. 🟢 Current cryptocurrency market capitalization is $2.076 trillion 🟢 Trading volume over the last 24 hours is $103.51 billion 🟢 BTC dominance is 49.2% 🟢 Crypto Fear & Greed Index: Today 78 "Extreme Greed", Yesterday 72 "Greed", A week ago 72 "Greed" where, 0 is "Extreme Fear" (can be a sign that investors are too scared—often a good time to buy), and 100 is "Extreme Greed" (the market may need a correction). On Tuesday, Bitcoin encountered strong resistance at the $53,000 level, initiating a price correction. Today, February 21, 2024, the price dropped to $50,535, narrowly holding the price. I expected a swift fall to $48,000. Let's continue... Meanwhile, the price of ETH surpassed the $3,000 mark for the first time since April 2022 on Tuesday, continuing its growth streak. The second-largest cryptocurrency by market cap gained about 2.0% in the last 24 hours and has risen more than 13% over the past week. In March, the Ethereum network awaits the significant Dencun update. Speculation around the launch of spot Ethereum ETFs continues, with the SEC facing initial deadlines for applications for this new exchange-traded product in May. Is the Market Experiencing Euphoria? 💲 Glassnode reports that the cryptocurrency market is currently teetering between Greed and Euphoria: Greed has been the prevailing sentiment since October 2023, with a brief period of neutrality during the January drop when BTC's price fell 20% below the $40,000 mark. However, numerous indicators suggest that the peak of Euphoria is still ahead. For example, Google Trends shows that search queries for "Bitcoin" are currently significantly below the peak values of the 2021 bull rally: The quarterly retail trading volume on Coinbase in the fourth quarter of 2023 amounted to $29 billion, whereas at the peak of 2021, the volume reached $177 billion. Several indicators suggest that we are still far from the peak of market Euphoria (There hasn't been a crypto market peak or Alt Season yet). Everything lies ahead...
CRYPTO:BTCUSDLong
by UnknownUnicorn285026
GBPJPY LONG ❤️Forex Besties❤️ INFORMATION The UK economy has experienced a notable downshift since the start of 2023 which culminated in a technical recession for the second half of the year. Worse-than-expected GDP data for the fourth quarter revealed a 0.3% contraction (QoQ) to mark two successive quarters of negative GDP – the definition of a technical recession. 🔥BUY GBPJPY 188.400 - 188.600 SL @187.494 ✅TP 1 @ 188.900 ✅TP 2 @ 189.300 ✅TP 3 @ 189.692 ❤️FOREX BESTIES WEB - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE *Economic deterioration confirmed in Q4 *Much anticipated tax cuts could be announced next month while the BoE is still concerned over wage growth and services inflation *Sterling eases further while FTSE 100 opens higher ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
Long
by My_Forex_Team