BITCOIN (BTCUSD) - Further downside 📉Bitcoin has just rejected off of key resistance after a post FOMC relief rally overnight. Take profit levels shown.
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ETHEREUM (ETHUSD) - Time for more downside! Ethereum has broken back through support and is ready to retest local lows.
EDIT - IGNORE TP1 (ERROR) - FOCUS ON TP2 AND TP3
BTCUSD (BITCOIN) - Rejection off Fibonacci Bitcoin is ready to resume downside after a relief rally yesterday. Take profit levels shown.
XRPUSD - Prepping for further downsideKeep an eye on the TP zones, XRP looks prepped to retest support and potentially break through.
BNBUSDT - Ready to continue it's downside 📉BNBUSDT looks prepped to continue its downside towards 278 -> 271 -> 260 depending on the Fibonacci support levels shown.
ZN in case of purchasePlease support by following, commenting and liking... Price action is a buying opportunity
EUR/JPY: DOWNTREND | FIBONACCI ANALYSIS | SHORT SETUP 🔔On 28 Jun the EUR/JPY market did the third top before starting its decline to the downside characterized by a Pullback on 61.8% Fibos level and Swing low decrease higher and lower. I drew an ABCD pattern projection which probably will be completed with the 4 leg, the D point. Price level 135.500 is our target with entry at 138.000 below the last local lower. Our vision's clearly bearish. What do you think about it?
EUR/USD : BEARISH TREND | PRICE WILL DROP | SHORT !Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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EUR/CHF:REVERSAL | PRICE ACTION ANALYSIS | LONG SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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GBP/NZD:DOWNTREND | PRICE ACTION | SHORT SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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GBP/USD:TECHNICAL ANALYSIS | LONG SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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GBP/USD:FUNDAMENTAL ANALYSIS + PRICE ACTION | LONG SETUPThe GBP/USD pair kicked off the new week on a positive note and built on its recovery from the vicinity of mid-1.1700s, or the lowest level since March 2020 touched last Thursday. The strong intraday move up lifted spot prices to a one-week high and was sponsored by a combination of factors. Several Federal Reserve officials said last week that they were not in favour of a bigger interest rate increase at the upcoming policy meeting on July 26-27. This forced investors to scale back their expectations for the recently talked about 100 bps rate hike next week, which prolonged the US dollar profit-taking slide from a two-decade high. Apart from this, hawkish remarks by Bank of England policymaker Michael Saunders underpinned the British pound and provided a goodish intraday lift to the major.
Saunders, who has backed a bigger interest rate rise than most of his colleagues, said that the current tightening cycle may still have some way to go. He further warned that the cost of tightening too slowly was probably higher than the cost of raising rates too much. Saunders added that the benchmark rate could reach 2% or higher next year as the central bank tries to stop the surge in inflation from becoming embedded in the economy. That said, the UK political uncertainty, along with Brexit woes, acted as a headwind for sterling and kept a lid on any meaningful upside for the GBP/USD pair, at least for the time being. The UK Conservative party leadership contest enters a crucial week, with bookmakers seeing a final run-off between Rishi Sunak and Penny Mordaunt as the most likely outcome.
Furthermore, investors remain worried that the UK government's controversial Northern Ireland Protocol Bill could trigger a trade war with the European Union amid the ongoing cost-of-living crisis. This, along with the emergence of some USD dip-buying, attracted some sellers at higher levels and forced the GBP/USD pair to retreat around 85 pips from the daily peak. Market participants seem convinced that the recent high US inflation reading, which accelerated to a four-decade high in June, warrants a larger Fed rate hike move later in the year. Apart from this, the overnight turnaround in the US equity markets drove some haven flows back towards the buck. Nevertheless, the pair finally settled in the green for the second straight day and was seen oscillating in a range through the Asian session on Tuesday.
Traders now look forward to the monthly UK employment details for a fresh impetus. Later during the North American session, BoE Governor Andrew Bailey's scheduled speech will further influence the GBP price dynamics. On the other hand, the broader market risk sentiment would drive the USD demand. This might further contribute to producing short-term trading opportunities around the GBP/USD pair ahead of the UK consumer inflation figures on Wednesday.
Trading Idea - #VolkswagenMy trading idea for Volkswagen - Buy / LONG
Target: EUR 143.00 (+8% gain)
VW has sold more electric vehicles worldwide than in the first quarter of the year. This is a positive business development despite supply bottlenecks.
It is becoming apparent that many automotive suppliers have reached a low point in their business development. Nevertheless, the car manufacturers themselves continue to act very strongly.
In the second half of the year, profit momentum could pick up again as China plans tax reductions. From today's viewpoint, VW would be one of the biggest beneficiaries.
Better outlook for the second half of the year is expected due to the end of the semiconductor shortage, which is becoming more and more apparent.
From a technical chart perspective, we are in a support area both in the short term (15M) and in the long term (1D), which makes buying the share attractive.
Trading Idea - #AUTO1My trading idea for Auto1 Group - Buy/LONG
Target: EUR 9.00 (+28% profit)
The number of vehicles sold at Auto1 has increased, even if the forecast was slightly missed.
Gross profit per vehicle (GPU) in the private customer segment is close to the target of €1000, which is surprisingly strong. The overall valuation of the share is positive after the latest reports.
The latest news indicates a stronger focus towards profitability rather than growth. On the chart, a formation of a bottom can be observed. A good entry point for optimistic investors.
Trading Idea - #LindeMy trading idea for #LINDE - Buy/LONG
Target: 292.00 EUR (+6% profit)
Linde PLC produces industrial gases which are afterwards used in various sectors such as the energy sector, steel production, chemical processing, environmental protection or medical therapies.
On 14.07.2022, an unusually large long position appeared in publicly available options trades. It is not clear whether it was an institutional investor or a wealthy private individual. What is clear, however, is that someone knows something positive is going to happen.
Apart from that, Linde has successfully tested the long-term support line this month. A further upward movement would be the consequence. My target is the annual POI around EUR 296.00.
GBP/CAD:DOWNTREND|NEW SWING SHORT SETUP|SHORT ⚡️Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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NZD/CAD:DOWNTREND | PRICE ACTION | SHORT SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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GBP/CHF:UPDATE | PRICE IS FALLING LIKE PREDICTED | SHORT 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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NZD/JPY:TECHNICAL ANALYSIS |SHORT SETUP IDEA 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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GBP/USD:DOWNTREND | BEARISH CHANNEL | SHORT SWING SETUPHello Everyone, I hope you'll Appreciate our Price action Analysis !
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EUR/AUD:PRICE ACTION ANALYSIS | SHORT SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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EUR/USD:FUNDAMENTALS | TECHNICAL FORECAST | LONG SETUP 🔔Intense volatility for the pair with the euro struggling to hold on the level of 1/1.
After a very interesting day yesterday in which the pair showed strong fluctuations in both directions, today the common European currency is again under intense pressure once again testing the levels of 1/1.
The latest data on the path of inflation in the United States strengthens bets for more aggressive policy from the Fed, thus widening the gap between the Fed-Ecb policies.
There are now some opinions that the US Federal Reserve's announcement at the next meeting will likely raise interest rates by an additional 100 basis points, but we believe this is something that will be very difficult to happen.
Although it is evident that the US central bank is pursuing an aggressive policy it will be difficult to ignore the fragile balance in which the stock markets are.
So in general, an expected increase of 75 points is for us the basic scenario, which the market has already '' priced in "
As we have mentioned in a previous article, the dynamic fall of the euro we expect that it will be limited until the end of the month and reactions like those of yesterday will be repeated.
High volatility will be a feature with trading moving in both directions creating buying opportunities for the Euro.
Although momentum remains strongly bearish, in the long term possibility of the euro returning to higher levels is high.
According to this view, we consider two strategies of different speeds to be the most appropriate. The first by creating long-term buy positions with a horizon In the coming months with targets the levels of 1,05 and above and the second one in the short-term horizon with purchases at new dips and exploiting the reactions of pair.
NZD/JPY:DOWNTREND | SWING TRADING | SHORT SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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