AUDUSD: Bank Sentiment Divergence Between The Feds and The RBAFundamentals
Succumbing to the global policy unwinding pressure and rising inflation fears, the RBA's dovishness led to the AUD sell off against the USD. The drop is cushioned by the decrease in volume as traders wait for Fed's FOMC meeting this week. Trades expects the Feds to announce taper during the meeting this week.
Technicals
We are essentially waiting for a pull back as traders take profit to enter. The levels considered are notable areas of supply / demand imbalances which adds confluence to the fib levels.
Tradeanalysis
EURUSD Signal: Bank Sentiment Divergence Between the Feds & ECBFundamentals
EUR(Bearish)
ECB unlikely to raise interest rate in 2022 despite high inflation of 3.4%
says medium term is still subdued, unlikely to meet conditions for rate hike.
Discouraging European Data German Sales down, Industrial Production down,
but PPI jumped to 16.0% (hinting inflationary pressure)
USD (Bullish)
Feds announced $15 billion per month reduction of asset purchases beginning November
Powell believes high inflation to be transitory, noting that inflation will remain high
Generally, conservative stance by powell but dollar still bullish, blames supply bottleneck
Technicals
Prices retraces bank into supply zone near the 61.8 fib level
SHIBUSDT AnalysisShiba Inu has been a range market since June this year. The market bulled up after its listing on the coinbase platform to 0.00950 but couldn't break above the resistance zone of the range and came back down to 0.00674. BINANCE:SHIBUSDT
It's obvious the Shiba market is waiting for Bitcoin to make a move as the market seemed to dip at every point BTC dips and rises as BTC rises.
The Market is now squeezing between 2 possible scenarios which are either a break above or below the triangle.
For now, we can still say that the Shiba market is still bullish as it hasn't broken the previous HL at 0.00685. Now we wait to see, will the market hold at the current at 0.00725.
We never predict the market, we follow what we see on the charts.
Ethereum making moves. Next Target would be a new ATH?Ethereum is trading at around $3000, at the time of writing this analysis, which also acts as an immediate support level. It tried to break the resistance at $3300 but failed, however, it has been accumulating between immediate support and resistance level to see the next move upwards.
I am using On-balance volume (OBV) which is a technical trading momentum indicator that uses volume flow to predict changes in stock price. It shows crowd sentiment that can predict a bullish or bearish outcome. The OBV indicator on the above chart clearly shows a sign of accumulation.
RSI is trying to reverse its movement, and if good buy volume comes in, it might again visit the overbought zones.
If Ethereum is unable to hold the Immediate Support Level, it might see a downtrend.
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AUDUSD more intraday downside expected before upside rallyThe AUDUSD has completed its Wave Structure to the downside on the daily chart, this makes the Aussie bearish from a Long Term point of view.
As we know, after an impulsive wave, we should see a corrective wave that has already started.
We are shorting this from an Intraday Short Term basis, looking for a medium-term Buy position from 0.7263 area which corresponds to the -0.618 (T2) of the current 1hr correction that is going on.
We will not entertain any short above 0.7310.
OMG! BTCUSDT READY for BreakOUT?? 🚀UPDATE ! UPDATE !! UPDATE !!!
Guys, we are currently treading on inverse H&S ( Head And Shoulder ). What that means is breaking to the Upside .
As I said in my last analysis, BTC did a significant drop from the Parallels channel and recovered to form a nice Inverse H&S.
Price Target : $48k - $49k
This is on the 1Hour chart.
We will be back for another update.
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STOCKS with a fake-rally?Good evening guys!
Damn.. what a sudden pump in the equitiy-market today ignoring all resistance-zones.
"Wall Street's main indexes opened higher on Thursday after weekly jobless claims hit their lowest level since the start of a pandemic-led recession."
To be honest: When I saw the jobless claims I was pretty confident for our trades as good economic data should increase the likelyness for a tighter monetary policy in the future and did not even consider to early exit.
That is by the way what I`ve mentioned with "it is tricky" as we don`t know how the market is going to react.
When I look at the entire market I expect this move to be a trap for "liquidity-monkeys" giving big players good prices to distribute more of their positions.
NZD/USD () aswell as AUD/USD () are both looking bearish to me not really following the todays risk-on-mood.
The volatility in the crypto-market is also showing less risk-appetite as Bitcoin moved up to 43.000 is currently below 40k, of course also caused by news from the USA (worries about the anonymity, money laundering etc.)... All very fishy to me...
However, EUR/USD is closed with -25 pips (-1%) aswell as NAS100 -160 point (-1%), while AUD/JPY and NZD/JPY are both still active looking goos for now as major supply-zones are holding.
For now I will observe how the market acts at the current highs and will check the volume before I execute any further trades.
Fundamentally it`s clear to me: Inflation aswell as the provided liquidity pushed equities and caused the entire rally.
More positive news from the USA should hurt the stockmarket and boost the demand for the US-Dollar as many shaky hands are sitting on their profits!
Crazy market! ;-D
EURUSD H1 SHORT TRADE PLAN PROFIT IDEAas you can see the big bearish bar close below the kijun and tenkan. this bar close over 1/2 the prior bullish engulfing bar. It mean the seller is stronger the buyer
also, the volume for this bar is bigger sma 50 volume, I mean this bar is good signal for open short trade plan profit
REEFUSDT - Next Movements - Possible BreakoutDear All Hi
Hope Allis Well With you
as you know : its NOT a FINANCIAL ADVISE , its Just a PERSONAL IDEA
as you see in chart : No Change in RSI , in 2 Breakout point
and moreover we have Decrease in PRICE
and with higher than 75% in RSI , i see a possible pull back in near future around 0.040 to 0.042
if REEF can Break this Resistance , then hopefully we can see 0.054 - 0.056
Have a Good TRADay
please LIKE and FOLLOW if you LIKE my IDEA
Regards
PeymanMo
EURJPY H1 - Long SetupEURJPY H1
Nice rejection from resistance seen yesterday, didn't quite pull down to our H4 support zone, but performed nicely nonetheless. Now we have broken resistance we could expect further upside corrections on these ***YEN pairs.
My only concern is GBPJPY, as we approach 151.000, this seems like a good short price to me. However, EJ, UJ and CHFJPY seem bullish still.
EURGBP SELL | Going DownHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity EURGBP .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
NZDUSD fall is coming | Going downHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in NZDUSD .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
POWW Breakout Stock AlertBREAKOUT STOCK ALERT
$POWW - AMMO, Inc. - Common Stock
Initial Alert Price: $6.15
Potential Price: $8.94
Potential Gains: 45.37
Stop Loss Limit: $
POWW is currently showing signs of retesting the $8.94 Levels of Resistance going into the next few days. Anywhere between $6.00 - $6.20 is a nice buy zone. This buy zone was created from the company announcing a $100M Stock Offering at $5 to access more liquidity, allowing for the potential to hop in to this trade for a great for a great swing trade but also a longer term hold. ith a Democratic Administration, we typically see strong movements in the Firearms Sector. Looking for a 40 - 45% Swing on the trade.
The company is currently not showing any fundamental information at this time to provide a better forecast for the long-term hold. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
BNGO Breakout Stock AlertBREAKOUT STOCK ALERT
$BNGO - Bionano Genomics, Inc. - Common Stock
Initial Alert Price: $9.18
Potential Price: $13.22
Potential Gains: 44.01
Stop Loss Limit: $
Looking for a 44% Swing on BNGO as we look to recover support above the $9.39.With the markets reversing from the pullback due to rising interest rates, we're looking of confirmation of support above those $9.39 of course to ensure we will continue moving higher to those $13.22 Levels of Resistance that we're looking to retest. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today