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US100 Price Breakout with Strong Support, But All Eyes on CPIThe US100, also known as the Nasdaq 100 index, has been making some significant moves recently that are worth keeping an eye on for traders. Specifically, there have been a few key levels that have been broken which are often seen as indicators of price momentum and potential future price movements. One of these key levels is the 4-hour trendline. Trendlines are often used to help identify potential areas of support or resistance for a given security or index. When prices break above or below a trendline, it can signal a potential shift in price momentum. In this case, the US100 broke above a key 4-hour trendline, which is a bullish signal that suggests prices may continue to rise in the short term. In addition to the trendline, the US100 also recently broke through a strong resistance zone. Resistance zones are areas where prices have struggled to break through in the past. When prices do finally break through a resistance zone, it can suggest a shift in market sentiment and a potential increase in buying pressure. In this case, the US100 broke through a key resistance zone and then retested that area as support, which is another bullish signal for traders. However, despite these bullish signals on the charts, there is an important upcoming event that may have a significant impact on future price movements for the US100. This event is the release of US CPI (Consumer Price Index) data, which is scheduled for 5:30am PST. CPI is a measure of inflation, which is one of the most important factors that the US Federal Reserve takes into account when making decisions about interest rates and monetary policy. Inflation that is too high can be a sign of an overheating economy, which can lead to increased borrowing costs and reduced economic growth. Therefore, the Fed is constantly monitoring inflation levels and using policy tools to try to keep inflation within a certain range. The upcoming CPI release is expected to be a major market-moving event for the US100, as well as for other markets such as currencies and bonds. If the CPI data comes in below expectations (a "miss"), this may suggest that inflation is not as much of a concern as previously thought, which could lead to increased buying pressure for the US100. On the other hand, if the CPI data comes in above expectations (a "beat"), this may suggest that inflation is a bigger concern than previously thought, which could lead to increased selling pressure for the US100. In either case, it is important to note that the Fed's next moves will likely be shaped by the CPI data. If inflation continues to be a concern, the Fed may take steps to raise interest rates or reduce asset purchases in order to try to curb inflation. This could have a significant impact on the US100 and other markets in the short and long term. In summary, while the US100 has recently shown some bullish signals on the charts, traders should be cautious and pay close attention to the upcoming CPI release. The data from this release is likely to shape the Fed's next moves and could have a significant impact on future price movements for the US100 and other markets.
U
by natron
2
BTC QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. After the CPI data, BTC quickly pumps above the $22k zone from the important support level of $21.5k level. So what's next? BTC is forming a falling wedge-like structure in 4hr time frame which is generally a bullish pattern. Currently, it is trading near the upper trendline of the wedge. We need to break and close above this wedge for a bullish breakout. Once it breaks above the wedge we can expect more pump up to $24k from here. In case of rejection, we might see another retest of the $21.5k level and expect a pump from there. So the plan is really simple here. Either wait for a breakout or wait for some dip up to the $21.5k level. Invalidation of this bullish scenario if we get a 4hr close below the $21.3k level. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
8
US Government Bonds 10YR Yield LONGUS Government Bonds 10YR Yield. Time-frame = 1 month. In 2005-2007 (red circle) - a double top was built (determined automatically by my script) from which the downward movement began for further accumulation. 2009-2019 (green rectangle) - long-term accumulation (balance). 2019-2022 (blue circle) - responsive activity (long entry by key players). 2022-2023 long to the upper limit of the balance. The last 3 months - a retest to one of the key balance levels. 2023 - expect further upward movement towards the 5.000% area (towards the upper border of the double top)
TVC:US10YLong
by ZenFunds
3
ETH SHOULD RETEST THE $1250-$1350 ZONE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick ETH update. ETH breaks down the rising channel in the daily time frame and currently trading around the $1500 level. It also forms a big symmetrical triangle which is not retested yet. For another potential rally in ETH, we just need to retest this triangle. We also have an important support level of $1250-$1350 at the triangle retest area. What do you think about this? Let me know in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
4
XAUUSD Bear flagHello Traders! Welcome back to another post with analyst Aadil1000x. The next step that I am expecting from gold is Bullish. The pattern we see is called a bearish flag because they were taught that this is formed to drop the market. We are not changing its name but we will trade the A1000x way of trading and will buy the gold after the breakout. There is also a possibility that it will move up without breaking recent lows. It is aiming to touch the broken trendline which is starting from the bottom of the 'J' pattern. After completing this wave it will form a new pattern so that it can decide the next move. Don't forget to hit the like button and follow to stay connected.
OANDA:XAUUSDLong
by Aadil1000x
4
EURGBP - SHORT IDEA! BREAKOUT THEN RETEST!ok, hi traders! we're coming to a 4H support level on our 4H chart, however on the daily it's currently bearish and making it's way down towards that crucial daily support area/touching the trendline. as you can see on my chart, i'm looking for that breakout + retest confirmation before any sells! the target I am looking to reach is a very strong 4H/DAILY zone that I would love to see A counter reversal! all we can do is let's see what the wave shall be and let's surf it! good luck traders! manage risk accordingly! thank you, comment and share knowledge with me!
Short
by RJLfamily