NAS100 LONG TERM OUTLOOKWe are currently seeing price at a major level of support which was created in November 2020.
If we see price break above the 1169.41 price level, we may see an upward correction till at least point X:15002.65, but if we see a break below 12072.78, the market is likely to continue further downward to point Y:800.00.
Short-long
Central Banks Range (FVG).I thought price action will reach the levels that I mention last week but I also mention that price will go there within the next two weeks. This is the second week and for me, there is a strong possibility to get there TODAY. Once the price reaches there I'll be looking for the price to go up and I'll be buying at the discount.
Let's see how it will play today.
PS. I know my chart is a mess but you can see predictions from last week till now.
$SPY - Double Top - Great Reset - Stock Crash Ending 2030$SPY is going for a double top before crashing down to low 200's in the "Great Reset" lasting to 2030. Much like China's "Great Leap Forward" which was one of the largest disasters in history, after which a huge economic advancement was made for several decades. Following the "Great Reset" the United States will enter a period of massive prosperity where conservatism will reign. During this period, the United States will maintain supremacy of the global economy till the year 2100.
BITCOIN BULL TRAP!Hello!
Looks like bitcoin finally heading up now trading above 20k; ever since i made my last video it does seem that the support levels have gone down so I'm lowering my target to 21,500 for BTC if you want to short that is the area to short. On top of that ; the feds are increasing the rates on Nov 1st so we should see the markets go down toward the end of October.
BTC : 20400 THE LEVEL WILL TAKE BTC TO 24K and NEW UPTRENDIts waiting coming time for the important level of 20400, that can take BTC to 24K level.
20400 is an important level for trend and can change also the new uptrend for long term for BTC.
we are already more then 70% into breakdown of BTC : there will come a time when the first hedge fund/whale entering the trend and the rest will follow.
When we backtest the chart we see same effect, there should be first secure entry, the rest follow.
We will see or this will get confirmed next hours or days.
The level of 20400 is an important level for breakout.
This level is exactly the level of before BULLRUN see the below chart.
LONG & SHORT BTC (SMC)sooooo for this short that I'm waiting on is basically the same short I did yesterday, and it created another order block so I see it happening today as well. Yesterday night being bored I flipped the chart and I saw a other order block to place a long to where my short is so I'm getting both sides. Its a quick 300+ pips in 2 days so I'm quite proud.
The when, why, and how sterling reaches parity In just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government's announcement of new tax cuts elevated concerns for the country's economy.
Bloomberg estimates that the GBP/USD will have equal value before the end of 2022, based on sterling-dollar implied volatility. The value of the sterling was $1.0350 as of Sept. 26, marking a record low for the currency.
Economists believe that the slump in the pound could force UK's central bank to enact another interest rate increase in order to support the currency, The Guardian reported. Capital Economics UK Economist Paul Dales told the paper that the Bank of England could raise interest by 100 basis points or 150 basis points.
The weakness in the pound is being exacerbated by fears the UK economy is entering a recession after inflation breached the 10% mark in July, marking a record-high for the country. It elicited a promise from the Bank of England that it will "respond forcefully, as necessary" to curb the growth in the prices of goods and services.
The path to parity
The downward movement of the sterling follows the UK government's announcement of new tax cuts, fueling the concerns of investors and economists that the four-nation country's debt will reach unaffordable levels and further fuel inflation. It also comes after the Bank of England increased rates by 50 basis points, lower compared with the 75 basis-point hike of the US Federal Reserve.
The government intends to finance its tax cuts with debt worth tens of billions in sterling. The UK Debt Management Office is planning to raise an additional 72 billion pounds before next April, raising the financing remit in 2022-2023 to 234 billion pounds.
Deutsche Bank UK Economist Sanjay Raja said the tax cuts were adding to medium-term inflationary pressures and were "raising the risk of a near-term balance of payment crisis."
Vasileios Gkionakis, a Citi analyst, echoed sentiments that the move will bring the sterling to parity with the US dollar, noting that "the UK will find it increasingly difficult to finance this deficit amidst such a deteriorating economic backdrop; something has to give, and that something will eventually be a much lower exchange rate."
"Sterling is in the firing line as traders are turning their backs on all things British," said David Madden, a market analyst at Equiti Capital. "There is a creeping feeling the extra government borrowing that is in the pipeline will severely weigh on the UK economy."
If it comes to pass, what then?
The implications of the sterling being at parity with the US dollar boil down to how and where the money is being spent. When the euro was at parity with the dollar, there were winners and losers and the same could be expected if ever the sterling is at the same value as the dollar.
For trading and exporters, the change in the exchange rate will surely be noticeable. In the US, a stronger dollar would mean lower prices on imported goods, which could help cool down inflation. The opposite could be anticipated for the UK as previous payments would afford lesser products if the two currencies are at parity.
Accordingly, US companies doing business in the UK will see revenue from those businesses shrink if they bring back earnings in pounds to the US. However, if pound earnings are used in the UK, the exchange rate becomes less of an issue.
NASDAQ, 21ST SEPT MEETING ANALYSIS!!its hard to predict what am i predicting now, its somewhat related to speculating, what am i saying is that due to FED's meeting, the market will react negatively and reach around 11520. but far enough who knows what will it be declared in the meeting so far. but i am saying such statement because just because of 'hike news' the market reacted negatively, so if FED posts any good news too, still the public will make out there positions, and after making there positions, that potential will be generated to go in a bull run.
so end of this week, we could see the start of NASDAQ'S BULL RUN!!
FURTHER ON, DO EVEN CHECK MY NIFTY'S BULL RUN ANALYSIS OF THIS MONTH!
EURCAD Will BULLS Finally Break Resistance?Welcome back! Let me know your thoughts in the comments!
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GBPJPY NEXT MOVES!So I believe we will see two options either price is just retracing for a long term push up or we are going to see a possible reversal right shoulder for short trades. 166.100 is the area ill be waiting for shorts from otherwise I may look at possible longs if price can reject 165 once more!
USCAD UPDATE Following CPI Report Welcome back! Let me know your thoughts in the comments!
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BTC Break Out?Yes, BTC broke Above 200 MA daily in the 4 hours. If BTC continues to hold above the 200 MA for this week, We will continue to move Up to $23000 and higher bull coming into BTC. Target $23000. If BTC doesn't hold here for the next few days, we will see it have a bear-resistant at $19000. Follow for more daily TA.