USDJPY BUY | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity USDJPY
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EURGBP BUY | Day Trading AnalysisHello Traders, here is the full analysis.
Watch Potential bullish reversal levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP
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EURCAD BUY | Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURCAD
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XAUUSD : The focus turns to the upcoming US inflation reportDuring the January 8 session, crude oil prices dropped sharply and US government bond yields increased, causing difficulties for world gold prices. However, in the long term, gold has many grounds for a strong increase in price when the market believes that the Fed will almost certainly cut interest rates this year. ISM's latest PMI report showed that the labor market is showing signs of cooling, reinforcing the view that the Fed will have to decide sooner or later on when to cut interest rates. After "plunging" to $2016 yesterday, gold is currently recovering to $2032.
Today, before the US session, gold will likely rotate from 2033 - 2045. We can trade short-term and if after the European session gold breaks through Fibo 0.5 at 2045, gold will likely reach Fibo 0.6.
GBPJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPJPY
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GOLD price analysis strategy todayGold prices begin to fall, Spot gold fell from a high of $2,088 in late December amid a stronger U.S. dollar that took it to Wednesday's low of $2,031, from where it was struggling regain recently lost ground. The mid-December high of $2,048 is currently being tested, a move above this level would target the December 21 high, Friday and Tuesday lows at $2,055 to $2,059.
Support lies at Wednesday's low of $2,031.
XAUUSD: Analyze gold price trends todayGold prices (XAU/USD) struggled to capitalize on modest intraday gains and retreated to the lower end of the day's trading range during the first half of the European session on Wednesday. The US Dollar (USD) attracted some buying activity and traded above a one-week high reached the previous day amid doubts about the Federal Reserve's ability to cut interest rates soon ( Fed). This is underpinned by a further rise in US Treasury yields, which, in turn, is seen as a key factor acting as a headwind for the non-yielding yellow metal.
EURUSD: EURUSD strategy todayThe EUR/USD pair remains on the defensive during the early Asian trading session on Thursday. The backdrop of a stronger greenback and higher US Treasury yields exerted some selling pressure on the major pair. At the time of writing, EUR/USD is trading at 1.0922, up 0.01% on the day. On Wednesday, Germany's unemployment rate remained steady at 5.9%, according to estimates. Unemployment change shows the number of unemployed increased by 5k compared to the market consensus of 20k and at 21k previously. Investors are awaiting Friday's Eurozone inflation report for fresh impetus. The annual Harmonized Consumer Price Index (HICP) in December is forecast to rebound to 3.0% from 2.4%.
USDJPY: Analysis of the usdjpy market today, January 4The au Jibun Bank Japan Manufacturing PMI remained in contraction territory for the seventh straight month and fell to 47.9 in December – the lowest level since February.
Predictions of a reversal in the policy divergence between the Bank of Japan (BoJ) and the Federal Reserve (Fed) in 2024 will continue to support the JPY.
Minutes from the December 12-13 FOMC meeting reflect consensus that inflation is under control and concern about the risks that overly restrictive policy could pose to the economy.
AUDUSD: My audusd prediction trend todayThe Australian dollar (AUD) faces challenges as it struggles to stem a losing streak on Thursday. The AUD/USD pair is under downward pressure due to risk-taking sentiment and the general bearish session of the commodity complex. Weaker Judo Bank Purchasing Managers' Index (PMI) data added further pressure on the Australian Dollar (AUD).
According to the latest Judo Banking Services PMI, Australia's Services sector contracted in December. The index reported a reading of 47.1, missing market expectations that it would remain flat. 47.6. Additionally, the composite PMI dropped to 46.9 from the previous figure of 47.4. This marks the fastest pace of Services contraction since the third quarter of 2021.
XAUUSD: Gold price strategy todayGold prices (XAU/USD) have extended their correction but consolidation is likely due to light trading activity. More broadly, precious metals could continue on a positive trajectory as bets in favor of an early Federal Reserve rate cut are firming as labor market conditions ease. and a clear downward trend in core inflation. This reduces the opportunity cost of holding the yellow metal and weakens the US Dollar, on which the metal is priced.
Gold prices are expected to end 2023 with an outstanding gain of more than 13.50%. Deepening expectations of the Fed starting to cut interest rates from March 2024 will also continue to attract optimism in Gold prices going into 2024. Further action for Gold prices will be guided by the Index. US ISM Manufacturing and Nonfarm Employment PMI numbers for November.
GBPUSD Trending strategies todayThe GBP/USD pair posted modest losses in early Asian trading on Tuesday. The modest recovery in the US Dollar (USD) brings some support to the major pair. At the time of writing, GBP/USD is trading near 1.2725, down 0.04% on the day.
After the US Federal Reserve's (Fed) final meeting of the year in December, Fed officials kept interest rates steady for the third straight month and signaled a series of rate cuts in 2024. when inflation falls faster than estimated. Traders are betting on sharp interest rate cuts, starting in March. According to CME Group's FedWatch tool, markets are pricing in an 88% decline in March.
Data released on Friday showed the US Chicago Purchasing Managers' Index (PMI) came in at 46.9 in December from 55.8 in November, weaker than estimates of 51.0. Market participants will get more cues from the US Nonfarm Payrolls (NFP) on Friday. This number is predicted to increase by 163K in December compared to 199K previously.
$BTCUSD 3.5 Year Cycle Forecast - LONGCurrent Market Phase:
As we navigate through BITSTAMP:BTCUSD pairs first phase reminiscent of October 2015, our focus is on achieving the crucial milestone of Target #1, positioned around the $128,000 mark. It is imperative to recognize that this level serves as a pivotal juncture in the trajectory of the current market cycle. Successfully reaching Target #1 will signify the completion of the prebullish phase, potentially setting the stage for the subsequent movements.
Anticipated Correction and Second Bullish Phase:
Upon reaching the $128,000 mark, a robust correction is anticipated, with the target range identified between $23,000 and $24,000. This correction aligns with historical market patterns and provides an opportunity for market participants to reassess their positions. It is important to approach this correction as a natural and healthy part of the market cycle, serving to realign valuations and pave the way for sustainable growth.
The subsequent phase is characterized by a Bullish Pennant formation, indicative of a continuation of the upward trend. This phase is poised to initiate the long-awaited bullish cycle, a significant market event that holds the potential for substantial gains. Investors and traders should position themselves strategically to capitalize on the opportunities presented during this phase.
Extended Projections:
Looking ahead, our analysis suggests that the bullish cycle is expected to culminate in new highs, with a target around $220,000 projected to materialize around mid-2027. This forecast is based on a comprehensive evaluation of current market conditions, historical trends, and potential catalysts. However, it is essential to remain vigilant and adapt strategies to evolving market dynamics, acknowledging that unforeseen factors may influence the trajectory.
External Corroboration:
Our analysis finds support in external sources, such as the article from CMC Markets titled "Is Bitcoin in a New Round of Bull Run?" ( www.cmcmarkets.com ). The article reinforces the observed chart patterns and highlights the potential for a new bullish cycle, adding credibility to our analysis.
Conclusion:
In conclusion, the BTCUSD pair on the weekly timeframe is currently navigating the early phases of a potentially robust market cycle. Strategic positioning, risk management, and a keen awareness of market dynamics are essential components for investors and traders seeking to capitalize on the opportunities presented by this evolving chart pattern. As the market progresses, continuous monitoring and adaptation of strategies will be paramount to navigate the inherent volatility and uncertainties associated with cryptocurrency markets.
BYND Beyond Meat Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BYND Beyond Meat prior to the earnings report this week,
I would consider purchasing the 7.50usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $1.83.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
TTD The Trade Desk Options Ahead of EarningsIf you haven`t sold TTD on this bearish chart pattern:
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 75usd strike price Puts with
an expiration date of 2023-11-10,
for a premium of approximately $3.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BZUN Baozun Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BZUN Baozun prior to the earnings report this week,
I would consider purchasing the 5usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $0.42.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
IQ iQIYI Options Ahead of EarningsIf you haven`t sold IQ ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of IQ iQIYI prior to the earnings report this week,
I would consider purchasing the 5usd strike price at the money Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.51.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Comment on EURUSD: Revolving around the 1.0700 areaAccording to the governor of the Croatian central bank, “if our current forecasts come true, we will have a soft landing with little loss, meaning no economic recession and a significant increase in unemployment ”.
“We cannot be certain that it will continue to be that way until we achieve our goals, but in my view, a soft landing remains a central scenario,” he added. .
Inflation fell to 2.9% last month, from a peak of more than 10%, after the ECB raised interest rates at the fastest pace in history.
Officials have warned that achieving the 2% target remains difficult and that the economy is at risk of a mild recession after shrinking 0.1% in the third quarter.
The war between Israel and Hamas is a major source of instability because it threatens to drive up energy costs. However, according to Mr. Vujicic, the extent of the impact on the Eurozone economy is "hard to predict" at this time.
“First, we have to see whether such a shock will occur. If so, what is the nature of that shock and what is its magnitude? And then we will try to estimate the possible impact on price developments and act accordingly.”
XAU/USD is likely to decline sharply in the near future.“The Federal Open Market Committee (FOMC) is committed to achieving a monetary policy stance that is restrictive enough to reduce inflation to 2% over time; We are not confident that we have reached such a position,” Mr. Powell said in his opening speech to a policy panel at the 24th annual Jacques Polak Research Conference, organized by the International Monetary Fund. position.
The Fed chief acknowledged that US inflation has fallen over the past year but said it was still "far above our 2% target", Powell said, but signaled the Fed was not ready to accept that inflation was sustainable low level. Inflation “has given us some fake news,” he added.
However, the Fed chief balanced his remarks by reiterating that the Fed will continue to "move carefully" in future policy decisions.
A cautious approach, he added, would allow the Fed to “address both the risk of being misled by a few months of good data and the risk of over-tightening.”
On the daily chart, gold continues to decline towards the psychological level of $1,950. A drop below $1,950 could push prices back towards $1,900 but gold would have to overcome some previous support.
EURJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURJPY
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