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Forex, SPX 500, Bitcoin, Gold, Oil Forecast August 29 2021Hey Traders just wanted to give a weekly forecast on what I see happening in the markets this week. This could be a big week for the Forex, Stocks, Bitcoin, gold and oil. This week will be big for the forex, stocks, bitcoin, gold and oil. This week will will have the Non Farm Payroll report. The Employment report is the first friday of every month. The forecast right now is that the US gained 750,000 jobs so lets see what happens. Stocks can become explosive on reports like this and so can the forex. Also bitcoin and other cryptos can be affected as well as gold and oil because of the US Dollar Volatility! Enjoy! Trade Well, Clifford
BITSTAMP:BTCUSD
by TradeTheIndex
OIL STRUCTURE ANALYSIS| SCENARIOS UPDATE OIL has fallen following the strengthening of the dollar and rumors of the slower economic recovery due to the 2nd wave of Covid-19. On the technical level, oil has reached a support confluence of the smaller and greater parallel channels as well as the major horizontal key level. Therefore, I am bullish biased, based on the technical analysis. The retest of the channels resistance is possible so for those who are bullish entering a long now provides the best risk reward. For us to turn bearish, we need the support confluence to be conclusively broken downwards. Then we can go short on pullback. Thank you for watching! Like and Subscribe to never miss a new video!
TVC:USOILLong
by ProSignalsFx
3
BRENT OIL two possible scenariosBRENT OIL two possible scenarios price is overall bearish making lower lows and lower highs. Moreover, Oil is trading inside our blue channel (not objective yet) First Scenario: ------------------ on H4: waiting for an objective break above our upper blue trendline to buy. Second Scenario: --------------------- meanwhile, price is still overall bearish and sitting around our upper blue trendline (which acts as minor resistance) so we will be looking for objective trend-following sell setups on lower timeframes on M30: price formed an objective trendline in red, a double top pattern in gray, and we also have divergence on MACD so three confluences are enough to consider sell Oil after a momentum candle close below our gray neckline.
O
by TheSignalyst
3
ORBEX: Gold & Oil Sensitive to Trade Deal Text!Gold’s recent muted performance has been owed to missing trade deal details! With the text likely to surface some time today or overnight following the official sign-off, market participants will see exactly what’s been agreed and whether this makes a good case for a buy or a sell. Oil’s decline, however, has been owed to inventories build! Will the EIA save the day? Or are we going to see trade details taking charge of this market too? Timestamps XAUUSD 4H 02:20 WTI 4H 05:00 Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
FX_IDC:USDWTI
by Orbex
1
ORBEX: Gold & Oil Soar on Iran's Military Retaliation!Iran retaliated against US with ballistic missiles instead of disrupting oil shipments, facing one enemy at a time as China is a big importer. Gold and crude soared to fresh highs after Iran attacked a US military base in Iraq. Oil gains, however, were discounted early, perhaps due to EIA’s later report, but gold remains bid near $1600/oz. Watch our analyses for further technical insights and as we apply Elliott waves. Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
FX_IDC:USDWTI
by Orbex
ORBEX: US Air Strike Sends Oil and Gold UP!A US airstrike at the Bagdad airport killed Iranian General Qassem Soleimani’s. Not only this is going to increase geopolitical instability in the region but it also questions the legality of the President's decision as he acted without Congressional approval! US-Iran relations are taking a sour turn early in the year following an “extremely dangerous” attack that could set off a war. See how oil and gold have been affected so far and how they are likely to perform in the short-term. Timestamps WTI 3H 01:50 GOLD 3H 04:15 Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
FX_IDC:XAUUSD
by Orbex
ORBEX: Gold & Oil Rally Point to Stronger 2020!The recent rise in commodity prices, including gold, silver and crude oil, points to better growth expectations in 2020. Despite downside risks amid geopolitical and macroeconomic factors remaining elevated, a weaker dollar could support the end-of-year theme. Timestamps XAUUSD 1H 01:40 XAGUSD 1H 03:20 WTI 1H 05:10 Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
FX_IDC:USDWTI
by Orbex
ORBEX: Trump Dents Markets Days Before OPEC+In today’s market insights I talk about the massive Trump sell-off seen in the markets following his comments that a phase 1 trade deal could be now dragged later than the 2020 election. Gold and Oil were affected by the pessimistic rhetoric as participants received the delay announcement! The yellow metal appreciated while Crude oil jaw-dropped days ahead of the critical OPEC+ meeting in Vienna. Watch me analyse the two #Commodities and what I expect in the short and medium-term using #ElliottWaves! Timestamps XAUUSD 1H 01:40 WTI 1H 04:15 Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
FX_IDC:USDWTI
by Orbex
ORBEX: Gold Up Despite Trade Flows, WTI Muted on API OffsetIn today’s market insights I talk about how the latest trade war and API developments affected the prices of gold and oil. Gold appreciated while trade optimism increased! That was owed to poor US data, however! But I do expect the upside to be limited! Crude, although supported by positive trade ware narratives, ended the session muted as bullish flows were seen offset by a build in the weekly API report! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
FX_IDC:USDWTI
by Orbex