Is DAX showing something interesting for the bulls?#DAX EASYMARKETS:DAXEUR
DAX seems to be showing some positive signs for the bulls, however, we cannot get comfortable with that idea yet until we see a clear breakout.
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Technical
GBPAUD potentially Bullish continuationFX:GBPAUD broke out of the consolidation phase and doing a retest at the moment, are we going to see a bullish continuation?
I will wait to see if the retest is concluded and a bullish confirmation candle before going in for a long. #GBPAUD just might deliver on a 1:2 RRR.
European instability causing weakness in the euroAfter the EU Parliamentary elections, there is a rise of nationalism and protectionism among some individual EU states. The euro is feeling the heat, as EU stability is under threat.
EASYMARKETS:EURGBP #EURGBP
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An increased inflow of funds into Bitcoin ETFBitcoin moved higher lately, breaking some key resistance barriers. This might have been initiated by the inflow of new funds into the Bitcoin ETF.
#BTCUSD EASYMARKETS:BTCUSD
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Is Litecoin showing signs of weakness? #LTCUSD EASYMARKETS:LTCUSD
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Is GOLD ready to slip lower?#Gold #XAUUSD EASYMARKETS:XAUUSD TVC:GOLD
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Soybeans with an attractive technical set-up#Soybeans EASYMARKETS:SOYUSD
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GBPJPY near the current highest point of this year#GBPJPY EASYMARKETS:GBPJPY
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Let's see if it can climb back above the 78-dollar markEASYMARKETS:OILUSD
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xauusd weekly reviewxauusd faced the largest one week drop in last 5 months. the exact reason for this can be elicited as many.
1) soon there will be no change in interest rate of us dollar and its decided as it is may happen by september not in june
2) strong us job data
3) lot of positive economic news from usa which powered dollar
4) in last two months xauusd was over brought and now a correction is happening in that price.
5) market manipulation.
What you feel please comment us
Market Gets Spooked, FOMC and INterest RatesEASYMARKETS:NDQUSD
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USOIL - Short or Buy? Break down or retracement up? Technicals
1. We have been stuck in a range on a higher time frame for quite some time now.
2. On a higher time frame we failed to confirm a break-up from a trendline dating back to March 2022, which was the COVID-19 highs. A failed break-up of this mega trendline is normally a sign of big reversal or retracement. & we did just that ;-) question is, is this a reversal or just a retracement because I see also a trendline from DEC 2023 which we trade just under. IMO we have not fully confirmed that break down.
3. Visible in my chart we see that we are since then on a big down sloping channel which is still respected.
Fundamentals
1. My bias is slightly bearish long term because I think the US economy & other major economies will be in a recession which will give downside pressure on the price of OIL
2. Conflict in the Middle East seems to have not a significant impact as of now on the price of USOIL. Will this change? Till I see major escalation happening I don't see that it will have greater impact than it already has. US also is less energy dependent so therefor geopolitical will impact less.
3. Bullish sign is that OPEC is still holding strong on OIL cuts and China is still strong. Summer season will also give some upside pressure because of demand.
Trade
1. The first trade, which is a buy option, I will take if I see buyers really taking over to push price up
2. The second trade, which is a sell, I will take if we confirm a break and retest of the weekly low.
Great trading all of you
Greetingz,
Simba Trades
Dogecoin still looks positiveEASYMARKETS:DOGUSD
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Canadian CPI Today, British CPI Tomorrow#GBPCAD EASYMARKETS:GBPCAD
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CADCHF at an interesting spot. Watch out for CAD data this week!#CADCHF EASYMARKETS:CADCHF
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Litecoin (LTCUSD) Quick Video IdeaEASYMARKETS:LTCUSD
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EUR headed down? USD Strengthening? We'll see next week.EUR Dropped slightly on Friday morning, coming down to a low of about 1.08362 trying to break support structures. However the bears couldn't quite get past it.
Per previous predictions based off of various data, we did see a retrace back up consolidating for the end of the week below the high.
This will likely become become a new Support or Resistance structure later on as we likely move back down.
Analysis for the 5 Minute timeframes show that we very well may come back down to continue a down trend, making occasional retracements.
As DXY show, the USD did come to a low of around 104.086 before making a higher low, consolidating into a new possible support structure.
However SPX500 and DJI did break highs, so this may show decreased interest in the USD, which will impact the USD negatively.
Keep an eye on news reports Sunday as the GBP monthly HPI releases along with CNY reports, which will impact the USD value.
Small piece of information for any new traders still trying to get a handle on things:
Remember that geopolitical news and daily ongoings will impact currency values.
Things such as Corn, Cattle, Crude Oil, Precious Metals & more all affect currencies.
Keeping an eye on these things will help determine where values are going.
Keep an eye on these websites to track news for Forex, Metals and Cryptocurrency.
www.forexfactory.com
www.metalsmine.com
www.cryptocraft.com
And here's a Correlation map for Currency pairs.
www.mataf.net
Good Hunting Traders.
Dow Jones Industrial Average Futures Short-Term Video Idea#DJIA EASYMARKETS:DOWUSD
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GBPAUD iin the box right now, but could be interesting later onEASYMARKETS:GBPAUD
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Bitcoin (BTCUSD) traders are still undecided Bitcoin EASYMARKETS:BTCUSD
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NIFTY INTRADAY LEVELS FOR 14 MAY 2024BUY ABOVE - 22130
SL - 22070
TARGETS - 22180,22240,22300
SELL BELOW - 22070
SL - 22130
TARGETS - 22020,21960,21900
NO TRADE ZONE - 22070 to 22130
Previous Day High - 22130
Previous Day Low - 21820
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
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