EURUSD shows strong performanceThe U.S. government is trying to ride out the inflation crisis with a combination of interest rate hikes and loose fiscal and tight monetary policy, which could be a positive factor for the dollar. With food and energy inflation much higher in Europe than in the U.S., the market is predicting that the ECB will enter a rate hike cycle. The path of future rate hikes will depend on commodity prices and economic growth in the eurozone.
The price is predicted to move to the gray zone in the chart.
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Predictions
Don't have a lot of hope for Blizzard right now. A predictionNot Financial Advice ~ A prediction
I think blizzard has met its newest level of resistance. In the upcoming weeks I expect ATVI to head back down to its latest level of support. To bounce back up, but I think the continuation bounce is going to be significantly lighter than the first.
EURCAD Beginners Attempt Chart AnalysisSo, I'm no expert at this just yet but I have been practicing and seem to think that this idea will play out as I am predicting it to...
Please don't take this idea as financial or trading advice of any kind - instead, if it is not correct, can someone please tell me where I went wrong?
Happy trading everyone!
EURUSD is extremely vulnerable, will it fall into the abyss?The probability of recession is higher in Europe than in the United States. Europe is now facing the biggest problem is actually energy problems and food problems. And the United States' energy and food security are better than Europe. In addition, the United States is a little more resilient than Europe.
Europe's economy is the most affected by this time. First, its recovery is not as resilient as the United States, and its economic growth itself is not good. Second, if the region is hit by the double blow of energy and food prices, it is likely to enter a state of recession. This shows that the euro is likely to fall to the level of parity with the dollar.
If the dollar continues to rise due to interest rate hike expectations, the probability of the euro breaking down will also increase greatly.
EURUSD consolidating in 1.03000-1.08000 rangeAlthough the ECB's decision was widely expected, the possibility of a sharp rate hike from September has weighed on market sentiment as the eurozone economy struggles to cope with slowing growth and soaring inflation.
For months, markets have been focused on the pace at which central banks are curbing inflation. Investors now expect the Fed to raise rates by 50 basis points next week, especially if Friday's U.S. CPI data confirms rising inflation figures.
But central bank rate hikes also hint at trouble and leave investors in the lurch, as they could trigger an economic slowdown. The ECB said inflation will remain "undesirably high" for some time.
Market confidence is low and I am bearish.With the U.S. entering a rate hike cycle overlaid with a global macroeconomic slump, the auto business tends to suffer more during economic downturns. In the short term, the highly valued TSLA is facing the bursting of its bubble.
Sell $710-$790
Stop Loss $880-920
Target $560-660
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XAUUSD Trading Technical OutlookWill the Fed continue to raise interest rates or pause them? Both investor expectations and the Fed's actions affect the pricing of asset prices.
1st support level $1850-1858
2nd support level $1832-1845
Technically, there is an increase in bullish signals in the short term, with gold prices expected to further test $1870-1880.
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UPDATED Fibonacci and Sinewave Prediction So here's the latest update on my wacky idea that uses Sinewave and Fibonacci indicators to try predict the future chart movements.
Will it work? No idea but for some reason, I seem to think this could be somethiong or at least the start to something that would lead us somewhere insightful.
Guys, any input on this idea would be appreciated.
Will EURUSD extend its recovery?The impact of the war has disturbed the global economy for a long time and exacerbated instability in the eurozone. European countries need to face a serious situation that cannot be changed in the short term, greatly affecting economic growth and political stability in the long term. In this case I think the bearish trend can be easily resumed, but for now we see a rebound in EURUSD, with strong short-term resistance at 1.07300-1.08000. on the other hand, a stronger USD is a probable thing in the medium/long term, not in the medium/long term for EURUSD.
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Bottom vs BreakThe great thing about predicting market trends is that it's very easy.
Review my greatest predictions and I will tell you at the bottom of this idea.
One of my very first predictions was based on a 10 year S&P channel based on SPX adjusted for inflation.
The chart just bounced off the median line!
My first prediction that got noticed was bitcoin with this wyckoff pattern
Not noticed as much, this Death Cross meme turned out to be an amazing call when QE tapering would begin and how it would ultimately be the top
One of my first art/meme style charts for gamestop and the inevitable fall of markets
Another update to the bitcoin wyckoff pattern, but this time marketing the top of ST
This prediction was only really meant as a joke, turns out they never found a buyer
As madness set in the markets with SPAC carnage coming from Trump now, this chart was simple a matter of time.
The combined indexes presented an easier indicator of a bear market as they fell through the 21 week EMA and failed a retest weeks later.
The meme reversion rhetoric and talk about the fed having their hands tied was a direct indication the QE ride was coming to an end.
one of my fav charts is this how semiconductors and markets. zoom out to see how we really never got to bubble status of the dot com era, nor hit the lower channel of the housing crisis yet.
another attempt to update the bitcoin wyckoff pattern ultimately reaching SOW (Sign of Weakness)
I wasn't expecting the bond market to drop so quickly, but it did drop to 2018 levels and bounced.
The market was chopping wood on a daily basis.
I saw the sign and it opened up my eyes, I saw the sign.
This one got me banned for a few days but nailed the death cross right at Apr/May
It was only a matter of time before the weekly Ichimoku Cloud would be violated
Here I almost nailed a 5% drop down to the day.
Bravo if you made it down this far. You earned your reward!
My secret to predicting markets is in 3 words.
BUY MY BOOK
Just kidding, I don't have a book.... Yet!
I'm actually looking for something in fintech space so I won't be updating very often as I build my masterpiece, the Trendsetter 2022!
Also, check out my website and 21D GEX Moving Average. We just broke the lowest point in negative GEX 21D moving average since after 2011
I'm looking for a Bottom here OR a complete breakdown.
Only way a breakdown occurs is if prime brokers start to fall.
I often wonder if the Fed and Banks are having secret meetings to bail out the banks again or did they learn their lesson.