Elite_Forex

Elite_Forex

No BTC Fireworks After Long-Expected SEC Ruling on Crypto Spot ETF. -The champagne bottles have gone to the main competitor Ethereum and it looks like the party is just getting started... The BTC ETF does not change the value of the underlying asset, which is still not regulated and has no real use case. This simply allows more people to speculate. After the SEC...

Elite_Forex

Following last week's release of stronger-than-expected economic data, investors are recalibrating their expectations concerning aggressive Federal Reserve (Fed) rate cuts. The market sentiment is shifting, with investors scaling back their anticipation of imminent rate cuts. This change in perception is amplified by the surge in bond yields, indicating a rising...

Elite_Forex

Is it possible for the stock market to repeat itself? After the stronger-than-expected NFP last week investors are repricing the aggressive FED rate cuts expected for 2024. This was immediately affected in the stock market as the main indexes dropped and the dollar managed to recover some ground. The month of January is generally weak for the index as the...

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Last week the dollar was mostly weak with DXY currently sitting at the 101 area and is about to test the key 100 level most likely after last week's much worse-than-expected Chicago PMI which came at 46.9 versus the expected 51 which was already far lower than the previous 55.8 and now sliding in the below 50 contraction zone. Another negative for the dollar...

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Bitcoin about to retest a strong 4H support zone that will send the price higher to test again the levels around the next Ressistance and possibly breaking out higher. The Trade Idea has 1 to 2 Risk Reward which is the gold standard in trading but sometimes it is better to take profits when you can and that is possibly around the area where the trade will reach...

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Trade Idea for CADJPY Bias: Very Bullish Overall Score: 9 Commitment of Traders (COT) Bias: 3 Institutional traders are showing a robust bullish sentiment towards CADJPY, indicating a forecast of continued upside. Retail Sentiment: 1 Retail traders appear to be bearish on CADJPY. Given the tendency for retail traders to often be on the losing...

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Trade Idea for SPX500 Bias: Very Bearish Overall Score: -7 Commitment of Traders (COT) Bias: -1 Institutional traders are showing a mild bearish sentiment towards the S&P 500. Retail Sentiment: 0 Retail sentiment is neutral, suggesting no significant directional bias from this group. Seasonality: -1 Historically, this time of year exhibits some bearish...

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Trade Idea for USD/JPY Bias: Counter-Trend While current fundamentals might suggest different directions for USD/JPY, there are unique circumstances hinting at a possible counter-trend scenario: Bank of Japan's (BoJ) Intervention History: As USD/JPY approaches the pivotal 150 level, it's crucial to remember that the BoJ has previously intervened in the...

Elite_Forex

Trade Idea for CHF/JPY Bias: Counter-Trend While the underlying fundamentals may favor a bullish move for CHF/JPY, there are compelling reasons to consider a counter-trend trade: Bank of Japan's (BoJ) History with USD/JPY: The USD/JPY is inching closer to the significant 150 level. Notably, in the past, when the pair approached this level, the BoJ stepped in to...

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USDCAD bounces from yesterday’s lows. The pair is on the rise as the dollar index holds on to its gains from yesterday and pushes higher. Investors are looking at a stronger dollar going into tomorrow's CPI news. UC came down to a double bottom on the 1D timeframe as price rejected the lows on yesterday's candle. We have a good and clear technical set up with...

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The DXY index is at a strong Fib Level correlating with Euro at 4H Resistance level is a perfect technical set-up which is also overlaying with the current fundamental picture. EURUSD currently has a score of -5, or a Sell rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theEUR has a long...

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AUDUSD currently has a score of -10, or a Strong Sell rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theAUD has a long percentage of 35.19%, and we see that the USD has a long percentage of 69.73%. This category receives a -2, as institutional traders favor the USD. Taking a look at...

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Q1-2023. High energy costs and elevated inflation are increasingly weighing on Eurozone real household disposable incomes, even if overall inflation pressures are not as broad-based as in some other major economies. In addition, disruptions to energy imports from Russia (oil and natural gas, both planned and unplanned) have the potential to further elevate energy...

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Eur/Usd in area of value. The fundamentals are in our favor. Technically also a bearish trend. RR=4+ is more than decent Check my other short idea for Eur/Aud

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BTC/USD * Technicals: on a Daily resistance and the 4hr TF, we can spot an area of value as it is shown in the graphic which is the exact area that in the current market conditions managed to resist and push the price higher. With conservative SL just below the AOV and a realistic target to Take Profit(TP1), we have a 1:11 RR ratio. * Fundamentals: Bitcoin and...

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gbp/aud -inverted head and shoulders pattern with 1600+ pips potential

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US stock indices came under selling pressure on Friday following European markets close. As indices from the Old Continent finished the day significantly lower, now pessimism might be spotted on US stock exchanges. Currently all major US indices are plunging more than 2%. The Dow Jones Industrial Average (US30) fell below 30,000 pts, which was a critical support...

Elite_Forex

Trade Idea for EURUSD Bias: Very Bearish Overall Score: -12 Commitment of Traders (COT) Bias: -3 The Commitment of Traders data for EURUSD is indicating a strong bearish sentiment among institutional traders. This points to an expectation of a weakening Euro relative to the Dollar among the major players in the market. Retail Sentiment: -1 Retail...