Sentiment Update – July 27, 2024 Intra-Day Sentiment: 31% Bearish, 69% Bullish Daily Sentiment: 23% Bearish, 77% Bullish Overall Outlook: Favorable for Buying Upcoming Economic Events and Expected Impact on NASDAQ (NAS): Monday, July 29, 2024, 04:30 PM (US) Dallas Fed Manufacturing Index: Expected PMI of 53.00 points. A bullish outlook for the USD suggests a...
Sentiment Update – July 27, 2024 Intra-Day Sentiment: 11% Bearish, 89% Bullish Daily Sentiment: 27% Bearish, 73% Bullish Overall Outlook: Favorable for Buying Upcoming Economic Events and Expected Impact on XAU (Gold): Monday, July 29, 2024, 04:30 PM (US) Dallas Fed Manufacturing Index: Anticipated PMI of 53.00 points. Expect a bullish effect on USD, leading...
Sentiment Analysis – July 27, 2024 Intra-Day Sentiment: 74% Bearish, 26% Bullish Daily Sentiment: 45% Bearish, 55% Bullish Overall Outlook: Favorable for Buying Upcoming Economic Data: Tuesday, July 30, 2024, 10:30 PM (US) API Crude Oil Stock Change: Anticipate a SELL signal for USOIL. Wednesday, July 31, 2024, 04:30 PM (US) EIA Gasoline Stocks Change: Given...
Sentiment Analysis – July 27, 2024 Intra-Day Sentiment: 41% Bearish, 59% Bullish Daily Sentiment: 32% Bearish, 68% Bullish Overall Outlook: Favorable to Buy Economic Calendar and Trade Recommendations Monday, July 29, 2024 04:30 PM (US): Dallas Fed Manufacturing Index Forecast: 53.00 points for the quarter Impact: Bullish for the US Dollar Tuesday, July 30,...
Sentiment Analysis – July 27, 2024 Intra-Day Sentiment: 33% Bearish, 67% Bullish Daily Sentiment: 18% Bearish, 82% Bullish Overall Sentiment: Favorable to Buy Economic Calendar and Trading Recommendations Monday, July 29, 2024 10:30 AM (GB): Mortgage Approvals Forecast: 63.50 Thousand Trade Recommendation: Sell GBPJPY 12:00 PM (GB): CBI Distributive...
Sentiment Analysis (July 27, 2024): Intraday Sentiment: 48% bearish, 52% bullish Daily Sentiment: 81% bearish, 19% bullish Overall Sentiment: The sentiment indicates a stronger bearish bias, suggesting a potential for selling EUR/GBP. Upcoming Economic Events and Trading Recommendations: Monday, July 29, 2024 10:30 AM ET - UK Mortgage Approvals Expectation:...
Sentiment Analysis (July 27, 2024): Intraday Sentiment: 39% bearish, 61% bullish Daily Sentiment: 13% bearish, 87% bullish Overall Sentiment: The sentiment is strongly bullish, suggesting a favorable outlook for buying opportunities. Upcoming Economic Events and Trading Recommendations: Tuesday, July 30, 2024 03:30 AM ET - Australia Building Permits MoM...
Sentiment Analysis (July 27, 2024): Intraday Sentiment: 48% bearish, 52% bullish Daily Sentiment: 50% bearish, 50% bullish Overall Sentiment: The sentiment is neutral, but with a slight tilt towards buying. Upcoming Economic Events and Trading Recommendations: Monday, July 29, 2024 04:30 PM ET - United States Dallas Fed Manufacturing Index Expectation: PMI...
I am planning to increase my buy positions within 50% of the current range that has recently formed. I anticipate a potential breakout to the upside and a subsequent markup phase, making additional buys more sensible under the current conditions. Alternatively, if you prefer a swing trading approach, it may be prudent to wait for a more definitive sell...
"I have revised my bias on EUR/GBP from a short-term perspective. I am no longer anticipating bearish price action; instead, we are likely entering a correction phase with potential for upside movement. While this presents a trading opportunity, the delivery may be inconsistent, thus increasing the risk. Currently, accumulation is in play, and I have already...
Update on Gold: I entered a buy position during the New York session at 7 PM yesterday. My focus is on acquiring leg 2 from the internal cycle, with the limit set by the point of control. Given that Fridays often exhibit reversal patterns, this aligns with our technical analysis and timing. The confluence of harmonics and the re-accumulation schematic supports...
I am currently monitoring GBP/JPY for potential bullish setup conditions. Based on ongoing analysis, it appears we are nearing the conclusion of a WXY correction phase, which could mark a pivotal turning point. Pending confirmation of the WXY pattern, there is potential anticipation of new highs. I plan to enter a buy stop order as indicated in the image...
UPDATE TAKING PARTIAL SIGNAL WAS GIVEN YESTERDAY BTCUSD on the 1-hour timeframe as of July 24, 2024 shows a clear redistribution phase indicating the end of wave 1 in the higher timeframe structure. The harmonic pattern confirms a bearish bias as a counter-trend move before potential correction of wave 1 to generate liquidity for higher levels. Buying at present...
It is evident that the bullish long-term cycle has nearly concluded, making long-term buying strategies impractical at this stage. The impulse cycle for leg 5 within leg 5 on the daily timeframe is nearing completion, pending confirmation with standard deviations and a definitive UTAD setup. Currently, we are in phase B. The target for the current buy option is...
Internally, we have likely completed leg 1 towards the downside, with the current distribution schematic marking a structural shift. Selling Nasdaq around 20400 is considered optimal trade entery supported by the value area high. Without forming leg 2, long-term selling perspectives face challenges under current conditions. Consequently, selling at present is a...
Unfortunately, I believe the overall Nasdaq cycle has concluded, signaling an imminent deep correction on a quarterly basis. Standard deviations in time and price have been breached, alongside key economic events shaping the next four years' trade opportunities. Internally, we have likely completed leg 1 towards the downside, with the current distribution...
It is evident that the bullish long-term cycle has nearly concluded, making long-term buying strategies impractical at this stage. The impulse cycle for leg 5 within leg 5 on the daily timeframe is nearing completion, pending confirmation with standard deviations and a definitive UTAD setup. Currently, we are in phase B. The target for the current buy option is...
Based on the current XAUUSD data, it is evident that the bullish long-term cycle has concluded, rendering long-term buying strategies impractical at this stage. The impulse cycle for leg 5 within leg 1 on the quarterly timeframe has completed, supported by standard deviations and a clear distribution phase. Additionally, upcoming economic events related to the US...