PALLADIUM - Key zone to Watch for the Next MoveOANDA:XPDUSD is present in a key resistance zone, a level that has previously acted as a turning point for strong bearish reversals. The recent upward momentum leading into this zone increases the probability of heightened selling interest.
This could set the stage for a potential decline toward the 957.900 level. But If the resistance is decisively broken, it could mean further bullish advances, suggesting a continuation of the upward trend.
In other words, XPD/USD is at a critical point, with the resistance zone likely to determine the market's next direction.
-Price to watch 957.900,
-A breakout would indicate further bullish continuation.
Remain disciplined, wait for definitive confirmation before entering positions. This shows the importance of careful analysis and adherence to trading plans.
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NZDSGD - in Resistance zone - Can it get to 0.76700?OANDA:NZDSGD is in a supply zone that has before been an area for bearish reversals.
As of now, the pair is testing this critical region, and based on previous price action, a rejection could potentially drive the price lower toward the 0.76700 level.
But if the price breaks through this resistance, it would invalidate the bearish bias and open up the possibility of a continued upward movement. In that case, you can look for the next key resistance levels for potential targets for bullish continuation.
Keep a close watch on price behavior in this region and use prudent RISK management strategies to navigate the market's uncertainty.
Feel free to share your thoughts or views in the comments!
Market Outlook for GBP/NOKThe pair is consolidating near the 13.80–13.90 demand zone, presenting a potential reversal opportunity.
A rebound from here could target 14.05, while a break lower may intensify the sell-off. Price action in this area will guide the next trend.
Follow up for the end result.
FIVE Five Below Options Ahead of EarningsAnalyzing the options chain and the chart patterns of FIVE Five Below prior to the earnings report this week,
I would consider purchasing the 100usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $5.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ASTS AST SpaceMobile Options Ahead of EarningsIf you haven`t bought ASTS before the major breakout:
Now analyzing the options chain and the chart patterns of ASTS AST SpaceMobile prior to the earnings report this week,
I would consider purchasing the 25usd strike price Calls with
an expiration date of 2025-5-16,
for a premium of approximately $6.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MS Morgan Stanley Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MS Morgan Stanley prior to the earnings report this week,
I would consider purchasing the 115usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $2.26.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
VZ Verizon Communications Options Ahead of EarningsAnalyzing the options chain and the chart patterns of VZ Verizon Communications prior to the earnings report this week,
I would consider purchasing the 44usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $1.23.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TSM Taiwan Semiconductor Options Ahead of EarningsIf you haven`t sold TSM here:
Then analyzing the options chain and the chart patterns of TSM Taiwan Semiconductor prior to the earnings report this week,
I would consider purchasing the 100usd strike price at the money Calls with
an expiration date of 2024-9-20,
for a premium of approximately $11.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
RIVN Rivian Automotive Options Ahead of EarningsIf you haven`t sold RIVN when they started to recall vehicles due to loose fasteners:
Then analyzing the options chain and the chart patterns of RIVN Rivian Automotive prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $3.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
JD Options Ahead of EarningsIf you haven`t sold JD before the previous earnings:
Then analyzing the options chain and the chart patterns of JD prior to the earnings report this week,
I would consider purchasing the 35usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $1.29.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PANW Palo Alto Networks Options Ahead of EarningsIf you haven`t bought the dip on PANW:
Then, after analyzing the options chain and the chart patterns of PANW Palo Alto Network prior to the earnings report this week,
I would consider purchasing the 300usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $27.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GOEV Canoo Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GOEV Canoo prior to the earnings report this week,
I would consider purchasing the 3usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $0.68.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TTD The Trade Desk Options Ahead of EarningsIf you haven`t bought TTD before the previous earnings:
Then analyzing the options chain and the chart patterns of TTD The Trade Desk prior to the earnings report this week,
I would consider purchasing the 90usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $5.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PINS Pinterest Options Ahead of EarningsIf you haven`t sold PINS before the previous earnings:
nor entered in the Buy area:
Then analyzing the options chain and the chart patterns of PINS Pinterest prior to the earnings report this week,
I would consider purchasing the 35usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $5.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ETSY Options Ahead of EarningsIf you haven`t sold ETSY before the previous earnings:
Then analyzing the options chain and the chart patterns of ETSY prior to the earnings report this week,
I would consider purchasing the 70usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $12.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TEAM Atlassian Corporation Options Ahead of EarningsIf you haven`t sold TEAM before the previous earnings:
Then analyzing the options chain and the chart patterns of TEAM Atlassian Corporation prior to the earnings report this week,
I would consider purchasing the 200usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $13.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
QS QuantumScape Corporation Options Ahead of EarningsIf you haven`t sold QS before the previous earnings:
Analyzing the options chain and the chart patterns of QS QuantumScape Corporation prior to the earnings report this week,
I would consider purchasing the 5usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $0.29.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
XAUUSD : Gold is continuing to create new peaks every dayGold extends its upward momentum after the JOLTS jobs report
Gold bounced above $2,270 after the JOLTS report, the focus turned to US services PMI data.
During the April 2 session, gold mainly traded in the range of $2,248 - $2,263, then bounced above $2,270 when the JOLTS jobs report was as expected before correcting downward and ending the day at $2,261.
Today, the market will receive a series of important economic data, including the services PMI index, ADP report, and Chairman Powell's speech. Currently, gold is rising to $2,288.
WBA Walgreens Boots Alliance Options Ahead of EarningsIf you haven`t bought the dip on WBA:
Then analyzing the options chain and the chart patterns of WBA Walgreens Boots Alliance prior to the earnings report this week,
I would consider purchasing the 21usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $1.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
XAUUSD : Will gold continue to rise again after today's data?Gold turned down as the market waited for the CB consumer confidence report.
Gold rose to $2,181 late yesterday as the USD weakened, focus turned to today's CB consumer confidence report.
In the March 25 session, gold swept both ways but ended at a higher price when the USD fell. The precious metal rose to $2,178 then fell to $2,163, then reversed all losses and bounced to $2,181 before correcting to end the day at $2,175.
Today, the market will receive CB's consumer confidence report and durable goods orders. Currently, gold is falling to $2,171.
XAUUSD : Gold is rising again at the first session of the week.Gold rebounded at the beginning of the new week, waiting for the upcoming PCE report!
Last week, gold rose sharply after the FOMC meeting but reversed most of the gain after a series of US economic data at the weekend.
Last week, gold prices swept in two directions after economic data, especially after the Fed's interest rate policy meeting. The precious metal rose from $2,154 to $2,222 after the "dovish" message from Chairman Powell before turning down sharply and ending the week at $2,164 when the manufacturing PMI index increased stronger than expected.
This week, the market will receive a series of important economic data, including the CB consumer confidence index, GDP report, and PCE index - the Fed's favorite inflation measure. Currently, gold is rebounding to $2,175.
VLD Velo3D Options Ahead of EarningsAnalyzing the options chain and the chart patterns of VLD Velo3D prior to the earnings report this week,
I would consider purchasing the 0.50usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $0.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
XAUUSD : Gold will fluctuate with FOMC meetingsGold comes under pressure as the week of major central bank meetings begins
Gold extended its decline from last week's economic data, with focus shifting to this week's Fed meeting
World gold prices had a volatile week when US economic data was stronger than estimates. The precious metal plummeted from $2,179 to $2,152 on a higher-than-expected CPI report, causing the market to lower prices for a Fed rate cut. Gold mostly traded in a wide price range of $2,152 - $2,177 before ending the week at $2,155.
Next week, the market will receive a series of important economic data, including the Fed's interest rate decision along with US manufacturing and services PMI data. Currently, gold is falling to $2,151.