BINANCE:ETHUSDT is once again parked near the resistance of 1933 dollars. If it closes above this pivot point we can see it rise towards the channel top while failing to do so can bring the price back to the channel bottom. So far, this channel gave good trading opportunities and we can continue using the top and bottom of the channel for entry points for...
It's FOMC day! The markets have already priced in the 25bps rate hike so Powell's speech will be the most important thing today. A dovish Fed can help Dow Jones break the falling trend line and finally see acceptance above the resistance level of 34000. While I'm expecting a dovish speech from Powell today, the inflation fears are slowly fading away and recession...
What a month it was for Tesla ! A month before, so many people were expecting the stock to fall beyond 100 Dollars, yet it rose by 33% this week alone and closed just above the resistance level of 175 Dollars. Technical indicators are positive on the daily timeframe so there can be more to come but it should be watched closely as it gets closer the moving average...
Last week, USDJPY failed to grow above the Ichimoku cloud as it worked as a resistance. Naturally with the FOMC meeting this week, volatile movements can be expected and prices may grow but this instrument is looking weak in the weekly timeframe so rising prices can be seen as entry points for shorts.
On Monday, S&P 500 broke above the falling trendline and is currently looking for confirmation. On the weekly timeframe, we can see it nearing the Kaufmann Moving Average and the Ichimoku Cloud. Acceptance above this falling trendline on the daily chart and rising above the resistance level of 4014 can result in a move toward the next resistance level of the 4160...
EURUSD is trading in the neutral zone between the resistance level of 1.09 and the support level of 1.076. The markets are eyeing the FOMC meeting which will happen on February 1st. As always, trading volumes are getting lower ahead of the meeting and no major movement should be expected until next week.
Silver is finally breaking the resistance level of the 24 zone. As we've discussed in our analysis of Gold, Silver will also benefit from the macroeconomic factors shaping the markets in early 2023. Still, since the U.S. Markets are closed today, it's best to wait 1-2 days for confirmation as the price may fall to the support level of 23 Dollars. Even if the price...
The U.S. consumer prices continue falling, this may result in the interest rates being higher than the inflation rate as early as the summer of 2023. There is also a risk of a global recession this year. This situation will likely create pressure on the Fed that may result in an early pivot. As a result, we may see new all-time highs from TVC:GOLD this year. On...
