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EURUSD 31/4/24Eu to start things off as we do most weeks! This week we have a pretty simple out look, now this is mainly based on the fact we have an overall bullish movement currently on DXY meaning we are most likely going to see a shift lower on our USD secondary pairs, now taking that idea into consideration i am looking at 2 possible places to look for the sells to come into play! The first place being the high of our last sell range on the 15/5min chart, this is the area we sold off from on Friday BUT because it was easter weekend we barely moved due to the lack of liquid within the market. The second place iam looking at is the untapped zone just below our last major hourly high that is pretty much the best place to sell from but we know pullbacks don't have to happen in a trending move. iam overall looking at the green areas below for our first targets and we will watch price for a new low, main focus is the higher timeframe bias which is a new daily low to be formed! Trade safe use the correct risk and trade your plan!
by PipSurfingSociety
1
CHARTOLOGY 101 --- 43 years in the makingThe bigger the pattern the bigger the consolidation the more explosive the move how about this Chart Porn? Cup and handle I expect the log tgt not only to be made but surpassed given yesterdays event's in #baltimore Yup Massive east coast supply chain disruptions to be expected Ports jammed Aviation fuel disruptions Major economic ripples could transpire form this the east coast is home to 120 million people I believe .. Wow Stock up on your Cadbury's and many other things ... :0
ICEUS:CC1!
by BallaJi
Currency most likely to rebound against USD next week? Next week's Federal Reserve interest rate decision possibly just got a lot more interesting. Last night we got PPI data. In February, the producer price index, a key gauge of wholesale inflation, surged by 0.6%, surpassing expectations by more than double. The big question now is whether traders will reassess their expectations for the timing of a Fed rate cut. Currently, the market is pricing in less than a 15% chance of a rate cut in May and a 60% likelihood in June. This PPI report marks the final significant economic data released before the Federal Reserve's forthcoming policy meeting scheduled for March 19-20. The USD dollar knocked back all its pairs after the PPI announcement. But which pairs are likely to stage a comeback? The Japanese yen is possibly one of the best prospects in this regard. Traders will be looking for serious talk on Monday about the Bank of Japan ending it decades of extremely low-interest rates (or God-forbid an actual rate hike). The BoJ's Interest Rate Decision is slated for 11 pm on Monday. Next week, we will also see the release of inflation data from Canada and the UK, adding potential volatility to USDCAD and GBPUSD pairs.
by BlackBull_Markets
1
🚨 Bitcoin NOT at all-time high yet! 🚨🚨 Bitcoin NOT at all-time high yet! 🚨 I developed this formula a long time ago and have been observing it. When the founder of ADA (Charles Hoskinson) said that the previous Bitcoin all time high was $69,000 based on the value of the dollar in 2021, I remembered my formula. The essence is quite simple: multiply the sum of the Fed's liabilities, the US budget balance, and the debt-to-GDP ratio by the dollar index and divide by the price of Bitcoin. From an economic point of view, this formula attempts to correlate US monetary and fiscal indicators, as well as the strength of the dollar, with the price of Bitcoin. It is my attempt to measure the "fundamental value" of Bitcoin relative to the indicators of the US economy and the strength of the dollar.
FRED:RRPONTTLDLong
by sholi_software
EURUSD: Addressing Temporary WeaknessGreetings Traders, Bullish Channel: We're currently observing a bullish channel, with the price nearing its ceiling. Key Levels: Pay attention to the concise of this month's R1, which has been broken, and the VAH of volume profile. These levels are pivotal for longer-term long positions and suggest refraining from short-term shorts. Temporary Weak Bearish Phase: Despite a temporary weak bearish phase, expectations point to a strong rise by the middle of next week. LTF Analysis: On lower time frames, watch for deeper corrections, offering opportunities for short trades. CPI News Impact: Stay updated on CPI News, as surprises here could alter market dynamics significantly. Wishing you profitable trades ahead! Warm regards,
Short
by AliSignals
weekly analysis of gold with my personal st based on WMPwe made almost 530 pips from our area on gold by 2-3 positions a day on NEWYORK session last week with just 50 pips SL . gold make an uptrend move from 2079 to 2195 on friday now we have some plan to trade gold this week. we trade on newyork session by our new area and i wish more profit from last week. "Using the data we get from the gold weekly chart and my special calculation program, we identify these waypoints as key gold points and based on that we can enter long and short positions. In this method, stoploss setting is based on your personal money management and is flexible, but the most logical stop is between 20 and 35 pips from the entry point on the drawing lines. Every week we will recalculate and send you the lines and we hope to get between 200 and 500 pips of profit with this strategy. Until further notice, this program will be run for free and after you believe in our method, the supplementary strategy along with the calculation program will be available for sale . and for those people who are not interested in calculation and training in the coming weeks of the channel, We will have a daily trading signal on gold." HIGH WMP = 2195.06 LOW WMP = 2079.42 MID WMP = 2137.24 MID U WMP = 2166.15 MID D WMP = 2108.33 ADDED U WMP = 2223.97 ADDED U WMP = 2252.88 ADDED D WMP = 2050.51 ADDED D WMP = 2021.60
FX:XAUUSD
by farzadzeraatkar
Massive US Unemployment Move Inbound On the FRED:UNRATE dataset, we can see that since 1953, every time the unemployment rate make a significant move above the 24 months SMA, with the sole exception of October '67, we saw a large spike in unemployment allong with a recession. Currently, FRED:UNRATE rose above the 24 months SMA in August 2023 and has been stochastically moving higher ever since. Historically, this means that we can expect an aggressive move in unemployment in the following months.
FRED:UNRATE
by zkdev
USDJPY H4 6 March 2024USD/JPY, H4 6 March 2024 The USD/JPY pair continues to trade within a consolidation range, fluctuating between the 150.80 and 149.75 levels. Notably, Mitsubishi UFJ Financial Group, Japan's largest bank, is reportedly adjusting its positions in anticipation of a potential move by the Bank of Japan (BoJ) in March. Senior management at the bank has suggested that there is a 50% chance the BoJ may shift its monetary policy, a move that could have significant implications for Japanese government bonds and the strength of the Japanese Yen. USD/JPY eases slightly but remains trading sideways within its consolidation range. Suggesting bearish momentum may be forming. Resistance level: 150.80, 151.70 Support level: 149.40, 147.60
Short
by top_fx
📊 Upcoming PMI Report Analysis 📈PMI Report Update The PMI Services report is due out in approximately 2 hours. Last month, the index rose from 50.6% to 53.4%. This month, the forecast is slightly lower at 53%. There is not a significant difference between the actual figure from last month and the forecast. However, the key point is that the figure is above 50. In general, a higher than expected reading is likely to lead to a rise in the dollar index, while a lower than expected reading is likely to lead to a fall in the dollar index. If the actual figure is in line with the forecast or there is no significant difference from last month, we do not expect any major market reaction. Additional Information: The PMI (Purchasing Managers' Index) is a survey-based measure of economic activity. A reading above 50 indicates expansion, while a reading below 50 indicates contraction. The PMI Services report focuses on the services sector of the economy. The services sector is the largest sector of the economy in most developed countries. __________ This information is provided for general knowledge purposes only and should not be considered as investment advice. Please consult with a qualified financial advisor before making any investment decisions.
TVC:DXY
by ChartSavant
Republican-led shutdown: What's at Stake for the USD?? Republican-led shutdown: What's at Stake for the USD?? We are four days away from a potential partial government shutdown, and negotiations among lawmakers have yet to produce a resolution. On Monday, Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, House Speaker Mike Johnson, and House Minority Leader Hakeem Jeffries meet in the Oval Office with the president and vice president to negotiate the conditions to keep the government operational beyond March 1. Senate Democrats have been expressing frustration, placing blame on House Republicans, particularly criticizing leader Mike Johnson, for the current impasse. Senator Jon Tester, a Montana Democrat, voiced displeasure, stating, "We're doing this every six months. This is bullsh*t.... we need to do what we were elected to do, fund the government, not shut it down," in an interview with CNN. If no resolution is reached, a partial shutdown is set to commence at 12 a.m. on Saturday. Notably, the last time the US government was on the precipice of a shutdown (Sept- Oct 2023), the USD kept strengthening against major partners like the Euro, with the USD being seen as a safe haven play. But last year, there were a few other factors that could have been compounding this USD-buying activity, including the US interest-rate differential and comments from some Fed members making it clear that policy won’t be changing anytime soon. This time, it's maybe not as clear that there are as strong a set of factors pushing for a robust USD.
by BlackBull_Markets
DXY - Bearish => Bullish 📈📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 As per my last analysis, attached on the chart, DXY rejected the upper bound of the red channel and traded lower. Currently, DXY is hovering around the lower red trendline acting as a non-horizontal support. 📈 For the bulls to take over, and start the next impulse that would lead to 105.2, a break above the last major high in blue is required. 📉 Meanwhile , DXY would be bearish and can still break the red trendline downward, in this case a continuation till the 103.0 support would be expected. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:DXY
by TheSignalyst
7
JPM, SOME UPSIDE AND A WHOLE LOTTA DOWNSIDEJPM might have a bad week? Maybe bad Feb? idk yet, however, from technicals, it seems like after 181 or so, and especially after $210, there isn't much upside showing. Likely meaning, the risk far outweighs the reward at those levels. IT could be big, and it could be fairly quick. if you're shorting, yeah, these are great times to consider entering. The downside shows all the way to $69 (nice) Does that mean enter short right now this minute? nah but be ready because things could really drop quickly in the coming month or so. idk maybe this?
NYSE:JPM
by nicktussing77
TARGET REACHED - And ongoing to Target 2 - 40,0042The trade analysis we had for Dow Jones couldn't have played out better. On paper and theory, this just rocked to its first target 37,242. But then, it entered into a trending market. This is where it's very tough for breakout traders to get in. This is very tough for reversal traders to trade. This is very tough for range bounded trades to buy and sell. So, all we can do is wait for the trend to continue up and form a new pattern. Or continue holding and raising the trailing stop loss each week. But it looks like the next target is set for 40,0042. I'll wait and observe as it feels top heavy and I don't really have a good strategy to get in right now.
DJ:DJILong
by Timonrosso
S&P500 INTRADAY LEVELS FOR 12/02/2024BUY ABOVE - 5030 SL - 5020 TARGETS - 5045,5060+ SELL BELOW - 5015 SL - 5020 TARGETS - 5008,5000,4992 NO TRADE ZONE - 5015 to 5030 Previous Day High - 5030 Previous Day Low - 5000 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. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
SP:SPX
by Jagadheesh_JP
S&P 500 - INTRADAY LEVELS 09/02/2024BUY ABOVE - 5000 SL - 4990 TARGETS - 5015,5030,5045 SELL BELOW - 4985 SL - 4995 TARGETS - 4975,4958,4940 NO TRADE ZONE - 4985 to 5000 Previous Day High - 5000 Previous Day Low - 4985 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. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
SP:SPX
by Jagadheesh_JP
13
S&P Kissed 5000 levelUSD: S&P 500 at 5000 US asset markets are having a good few weeks. Equity benchmarks are pushing up to fresh highs and last night's US 10-year Treasury auction saw decent demand. Leading the charge in US equities has been the big tech stocks. Just looking across the consensus price targets of the 'magnificent seven', the targets remain anywhere from 6% (AAPL) to 20% (AMZN) above last night's closing levels. The only one of the seven with a lower price target is Nvidia, where this year's 50% rally has overshot a price target largely there since last summer. Whether the psychological 5000 level in the S&P 500 now proves something of a hurdle remains to be seen. But from the equity analyst community anyway, the consensus is that there is more to come. After the Fed/Powell pushed back hard on a rate cut in March, and, the payrolls data reinforced the message, the market's attention is shifting to the May meeting probabilities. We believe the Fed’s hiking cycle is complete and that the Fed will remain on hold at the current Fed funds rate range of 5.25-5.5% until the first 25bp cut in May, after which we expect 25bp cuts in June, July, and September followed by quarterly cuts until the terminal rate range reaches 3.25-3.5% in September 2025, although the risks are skewed toward a June start to rate cuts. On balance sheet policy, we expect the Fed to announce that it will start tapering the pace of balance sheet runoff in May and to end runoff in 1Q25.
OANDA:SPX500USDShort
by Elite_Forex
USACAD, 4x but not 4x more like four and for and x and exTrends marked Price Targets marked All of these trends are fairly strong on their own but it looks like this wants to head down before up maybe to 1.08? 1.22 in the near term sound reasonable? This chart was requested. I don't pay much attention to this chart so let me know if I'm missing something I'd normally pick up had I been monitoring this more frequently. But, I think I got all the important trends and longer term price targets. again, I was hesitant to draw a line, but I think it better shows the downside potential. I wouldn't follow it, I'd expect it to be incorrect, instead focus should be with the trends and price targets.
by nicktussing77