Toptrader
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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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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Top & Bottom Indicator with KDJ ConfirmationSimple Top & Bottom Indicator with confluence of the KDJ Indicator!
Long Entry Example:
-Background Switched from red to blue
-Buy Label Printed
-KDJ close above 50
Short Entry Example
-Background Switched from blue to red
-Sell Label Printed
-KDJ close below 50
SL Placement:
-Last Bullish/Bearish Candle of previous opposite chart background.
Risk to Reward:
1:2 (recommended)
1.1.5 (higher Winrate)
I coded it into a Strategy.
Suitable for the 1min Chart.
The combination of the double top and head and shoulders patternMaybe the price will bounce back to the gray area, which is in the range of $31,000-34,000, and who knows what will happen! I have developed two trading plans to deal with different scenarios of price movements. I will keep you updated and you can get more details of the trading plans.
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$TSLA is priming to lift off No news yet but Tesla looks ready to push toward new levels by the end of summer. Currently we sit in a bullish flag which could result in new all-time highs.
Chances are we could see one last retest toward $560 before finding enough fuel to breakout unless we see critical news released over the weekend (attention toward the plaid).
DCJ
PIXY Technical Analysis 🧙ShiftPixy Inc provides a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.
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