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#Tesla Analysis : More Fall Ahead ? (READ THE CAPTION)By analyzing Tesla's weekly chart (logarithmic), we observe that after a correction down to $209, the price experienced renewed buying pressure and was able to climb back up to $265. Once the price reached this significant supply level again, it faced selling pressure and has, so far, corrected down to $240. I expect that if the weekly candle closes and stabilizes below $242, we may see further correction in this company's stock. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
NASDAQ:TSLAShort
by ArmanShabanTrading
1
NFP & Port Strikes: Why Jobs Matter This Week Nonfarm Payrolls (NFP) are projected to rise by 140,000 in September, matching August's pace and pushing the three-month average job gains to the weakest level since mid-2019. The NFP data is due this Friday. At the same time, a major labor disruption is underway. Dockworkers at 14 key ports, handling roughly half of U.S. trade, have launched an indefinite strike. The walkout could disrupt trade and strain the economy ahead of the presidential election and the crucial holiday shopping season. Chicago Fed President Austan Goolsbee expressed concern that a prolonged strike could worsen supply chain bottlenecks, exacerbate inflation, and alter expectations for the Federal Reserve's next move on interest rates.
FRED:DFF
by BlackBull_Markets
EUR/USD Awaits NFP!The upcoming key EU inflation data could play a decisive role in the currency pair's movement. With the ECB signaling potential inflation stabilization at 2% by 2025, future monetary policy may be less aggressive. On the other hand, the Fed has kept the possibility of further rate cuts on hold, with the market anticipating up to 100-125 basis points of rate reductions over the next 12 months. This potential alignment between Fed and ECB policies could support EUR/USD, but the long-term economic strength of the US may limit the euro's upside. The US dollar has shown a significant rebound, recovering ground due to rising US Treasury yields, pushing EUR/USD down towards the 1.1110 level. The main resistance is set at 1.1214 (2024 high), followed by the 2023 peak at 1.1275. Should EUR/USD break these levels, a significant recovery may unfold. On the downside, immediate support is at 1.1113, followed by 1.1082. In the short term, EUR/USD could move sideways between the identified support and resistance levels, with EU inflation data and the US Non-Farm Payrolls (NFP) report acting as catalysts for significant movements. If inflation data shows a marked decline or NFP data underperforms, EUR/USD may break above the 1.1214 resistance level.
Long
by Forex48_TradingAcademy
1
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we wanted to short from the 2630-35 region into the lower levels, which worked but we only managed to get 2613 when we wanted 2610. Ideally, we wanted lower to then access the price action and look for the long, however, that long came early and we managed to capture the move both down and then up completing our bias target levels plus the extra pip capture into the highs to end the week. A great week not only on gold but we completed 32 targets giving our traders a phenomenal pip capture across the markets. Nice, easy, clean trading! So, what can we expect in the week ahead? We've had some more geopolitical news over the weekend so there is a chance that we will see some opening gaps on the markets. We also have NFP this week, so towards the end of the week can expect the usual pre-event price action and ranging to form. Now, due to us expecting these potential gaps, best practice is to let Monday early session do what it needs to do, instead plot the levels and look for the RIPs to capture the scalps, ideally on the red boxes. We have the immediate levels above at 2665/7 resistance, which is a crucial level price needs to reject to continue the move downside! For that reason, we are giving a bias level of bearish below 2670 provisionally with an extension of the move into 2675 which is the flip. If we attack these levels, and get the reaction we need, we feel these levels will represent opportunities to short into the lower levels 2650-55 and below that 2630-35. If broken above, we get that flip and we’ll be looking to target that 2701 level and above that we have 2707, which is where we may get further opportunities to attempt the short again. Important: There is an extension of this downside move, and it’s below our bias level bullish above 2630-35. Oddly enough, we also have an Excalibur target sitting down there active! We will want to see how the market opens and what they do in the early session before we make up our minds on that move. NFP could through a spanner in the works for traders! For now, we’ll stick with the above and as usual we’ll update traders through the week. Look out for KOG’s bias of the day, KOG’s red boxes and the indicator levels which are published for the wider community. KOG’s Bias for the week: Bearish below 2670 with targets below 2650 and below that 2635 Bullish on break of 2675 with target above 2685 and above that 2701 RED BOXES: 2665 break above for 2672 / 2685 / 2701 / 2707 2650 break below for 2635 / 2624 / 2620 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
5
The stock market is waiting for the release of PMI and NFP!The index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel If the index rises towards the supply zone, which is also at the intersection with the weekly pivot and the midline of the channel, you can look for sell positions in the Nasdaq index A valid breakout of the downward drawn Fibonacci retracement will provide a downward path for the indicator to the specified support area and then the bottom of the ascending channel
CAPITALCOM:US100Short
by Ali_PSND
USD/JPY drops below 141, US CPI drops to 2.5%The Japanese yen has extended its gains on Wednesday. USD/JPY fell as low as 140.70, its lowest level this year, before paring much of the losses. In the North American session, USD/JPY is trading at 141.71 at the time of writing, down 0.52% on the day. The hotly-anticipated US inflation report didn’t shake up the markets as it was pretty much as advertised. Headline CPI eased to 2.5% y/y in August, down from 2.9% in July and matching expectations. This was the fifth straight decline in headline inflation. Monthly, CPI was unchanged at 0.2%, in line with the market estimate. Core CPI was unchanged at 3.2% y/y, matching the market estimate. Monthly, the core rate ticked up to 0.3%, up from the July gain of 0.2% and the market estimate of 0.2%. The inflation report comes just one week before the Federal Reserve meeting on Sept. 18. Market rate cut odds have been swinging wildly as it remains unclear whether the Fed will cut by a modest 25 basis points or a jumbo 50-bps cut. The odds of a 50-bps move surged to 59% after the soft nonfarm payroll report on Friday, but were down to 27% just prior to today’s inflation report and have fallen to 15% following the release, according to the CME’s FedWatch. This puts the likelihood of a 25-bps cut at 85%, although we’re likely to see the odds continue to shift in the days ahead. The Bank of Japan meets on Sept. 20, two days after the Fed meeting. The BoJ is looking to continue tightening but will likely stay on the sidelines next week, as BoJ officials have ruled out a rate hike while the financial markets are unsteady. That could mean that the BoJ will push off a rate hike until December or January. USD/JPY tested support at 141.54 earlier. Below, there is support at 140.79 There is resistance at 142.80 and 143.31
by OANDA
EUR/USD dips after US payrolls misses estimateThe euro has edged lower on Friday. EUR/USD is trading at 1.1088 in the North American session at the time of writing, down 0.20%. Today’s US nonfarm payrolls wasn’t a disaster but certainly nothing to smile about. The economy created 142 thousand new jobs in August, better than the July gain of 114 thousand but short of the market estimate of 160 thousand. The unemployment rate ticked lower to 4.2%, in line with expectations and a shade below the market estimate of 4.3%. The US dollar hasn’t shown much reaction to the employment report. However, expectations for an oversize 50-basis point cut from the Federal Reserve in September have shot up to 59%, up from 43% prior to the nonfarm payrolls release, according to CME’s FedWatch. Had nonfarm payrolls beaten expectations, it likely would have cemented a 25-bps cut. The soft reading means that the Fed meeting is live, with investors unsure about the size of the expected rate cut. The US will release CPI and retail sales before the Fed meeting and any surprises from these releases could impact on the rate decision. Germany’s economy continues to flounder, which doesn’t bode well for the eurozone economy. German industrial production, released today, declined 2.4% m/m in July, down from a 1.7% gain in June and shy of the market estimate of -0.3%. Manufacturing declined across the board and the automotive sector was especially weak. Yearly, industrial output declined by 5.3% in July, compared to a 3.7% decline in June. The European Central Bank meets on Sept. 12 and is widely expected to trim rates after an initial cut in July. Inflation has been tamed and is close to the 2% target and the eurozone economy is struggling. The ECB wants to avoid a recession and a rate cut would provide a boost to the economy and provide relief for consumers. EUR/USD is testing support at 1.1082. Below, there is support at 1.1044 There is resistance at 1.1119 and 1.1102
by OANDA
TH KOG REPORT - NFP THE KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. Quick NFP report today as we’re most likely not going to be trading the event due to already having completed our targets for the week. We have plotted the key levels together with the immediate red boxes on the chart. We have key level support below at the 2500-2495 region and the bias as bullish above with potential price targets of 2530/2535 and on the break up into the 2550-55 region which is where we may stall and get a RIP. Breaking below the 2500 region will entail patience as we would like to see how long we go before a setup presents itself. It’s going to be a risky NFP and extreme levels are important, forget about immediate SnR, this is irrelevant in this scenario. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
4
Yen extends gains on solid wage growth, consumer spending nextThe Japanese yen has posted gains on Thursday. In the North American session, USD/JPY is trading at 143.27 at the time of writing, down 0.33% on the day. The yen continues to pummel the US dollar and is up 1.9% this week. Since July 1, the yen has surged a massive 10.7%. Average cash earnings in Japan rose 3.6% y/y in July, down from 4.5% in June, which was the highest since January 1997. Still, this beat the market estimate of 3.1%. Wages are a key factor as to how soon the Bank of Japan could raise interest rates. Inflation has been moving higher but the BoJ wants to see increased wage growth as well in order to achieve the Bank’s target of sustainable inflation at 2%. Japanese firms agreed to a huge wage increase of 5.1% for 2024 and this is being reflected in solid wage growth. Japan’s economy is showing signs of recovery and consumers are opening their wallets. Household spending will be released early Friday and is expected to rebound with a gain of 1.2% y/y in July, following a 1.4% decline in June. In the US, all eyes are on Friday’s employment report, specifically nonfarm payrolls. After a lower-than-expected gain of 114 thousand in July, the markets expect a gain of 160 thousand in August. The weak July numbers triggered a meltdown in the financial markets and investors remain uneasy. The Federal Reserve is poised to deliver a milestone rate cut on Sept. 18. The likelihood of a 25 bps cut stands at 61% and a 50 bps cut at 39%, according to CME’s FedWatch and these odds could change after the US employment report. USD/JPY has pushed below support at 143.57 and tested support at 142.91 earlier There is resistance at 144.10 and 144.76
by OANDA
USDJPY I ADP Non-Farm Report Trading Plan Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
4
US indeces pre market TuesdayHere's a breakdown of why the S&P 500 might drop to the next green zone based on the technical analysis depicted in the chart: 1. Resistance Zone (Upper Red Box) The chart highlights a resistance zone near the top, marked by a red box. This zone represents a price level where the S&P 500 has struggled to move higher and has reversed several times in the past. The price has recently touched this resistance zone and failed to break through it, indicating that selling pressure is stronger at this level. 2. Support Zone (Lower Green Box) The green box at the bottom represents a support zone, which is a price level where the index has previously found buying interest and reversed upward. The chart suggests that the price could potentially drop back to this support zone if the current downtrend continues. 3. Recent Price Action The price action within the last few candlesticks shows a downward movement after touching the resistance zone, which is depicted by the downward arrow. This suggests that sellers have taken control, and the price is likely to continue moving lower. 4. Breakdown of Support Levels The price appears to be breaking down through minor support levels (smaller green zones within the red box), which could indicate that the market is losing bullish momentum and could head towards the lower support zone. 5. Trading Setup The chart suggests a short (sell) trade setup, where the expected movement is for the price to drop towards the lower green zone. The green arrow indicates the anticipated direction of the price movement, while the red and green shaded areas likely represent the stop-loss and take-profit levels, respectively. Conclusion Based on the chart's technical analysis, the S&P 500 is expected to decline to the next green support zone due to the strong resistance at the current level, recent bearish price action, and the potential breakdown of intermediate support levels. If the price reaches the lower green zone, it might find support and possibly reverse, but until then, the outlook is bearish.
VANTAGE:SP500FTShort
by Elite_Forex
Gold did nothing, So I slept + I had a headacheThe best thing about being a full time trader is being able to do what I want when I want and as much as I am in pain as I type this, Just knowing that I don't have to answer to anyone reduces that pain 10 fold for me, honest. I don't have to request any leave, I don't have to report to anyone. I can just go. Yeah sure making money is great but what good is it if it costs you your peace. I'd openly accept making 10 times less than what I make now in exchange for my peace. Yeah you read that right.
OANDA:XAUUSD
by Brandon_evo4
USD/JPY – Surging yen improves to 15-week highThe Japanese yen continues to rally. USD/JPY is trading at 148.86 in the European session, down 0.31% on the day at the time of writing. On Thursday, the yen strengthened as much as 148.50, its best showing since May 11. Only three weeks ago, the yen looked dead in the water. USD/JPY was trading just shy of 162, its highest level in almost four decades. Since then, the yen has been on an absolute tear, rising a staggering 7.9%, including 3.1% this week. What is driving the yen’s spectacular turnaround? First, the Bank of Japan raised interest rates this week to 0.25%. Although rates remain at low levels, this rate increase, the second since March, indicates that the BoJ is slowly making the shift to normalization after decades of an ultra-loose accommodative policy. The BoJ also announced it would taper its bond purchases, which is another tightening step. Second, investors have become less enthusiastic about the US dollar now that a September cut is looking very likely and are looking to park their assets elsewhere. The US economy is showing some signs of weakness, such as this week’s ISM manufacturing PMI for July, which posted the sharpest contraction since November 2023. This has driven funds away from the US dollar towards safe-haven assets such as the yen. Today’s nonfarm payrolls are expected to fall from 206 thousand to 175 thousand, which could further boost the yen at the expense of the US dollar. This week’s BoJ rate hike showed that change is afoot in Japan and the government’s annual white paper on economic and fiscal policy, which was released today, supported that view. The white paper said that Japan was showing signs of breaking out of deflation, noting that businesses were now passing on costs to consumers due to increased costs from the yen’s sharp decline. . USD/JPY continues to break below support levels. Earlier, it pushed below support at 149.19 and is testing support at 148.72. Below, there is support at 149.59 150.03 and 150.44 are the next resistance lines
by OANDA