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EURUSD: The USD fell before the PMI data, the Euro and British PThe greenback edged decrease in early European alternate on Thursday, with hazard sentiment buoyed through Nvidia`s sturdy income, at the same time as investors awaited the discharge of enterprise interest surveys. critical for locating clues approximately the fitness of the worldwide economy. At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the dollar towards a basket of six different currencies, changed into buying and selling 0.4% decrease at 103.472, down almost 1% yr to date. this factor this week. Strong income from AI favourite Nvidia (NASDAQ:NVDA) boosted international confidence, ensuing withinside the safe-haven greenback taking a hit, favoring greater cyclical currencies . The dollar hit a excessive this week, however stays greater than 2% better for the yr, as investors eased competitive bets on a sequence of hobby charge cuts through the Federal Reserve this yr. Minutes of the Fed's overdue January meeting, launched on Wednesday, confirmed that the financial institution is in no hurry to lessen hobby quotes withinside the close to future. Speeches through numerous Fed officers this week additionally reiterated this hawkish stance, with policymakers bringing up worries approximately difficult inflation. Attention now turns to the discharge of PMI statistics, weekly unemployment statistics and, greater importantly, production and offerings PMI statistics for February, to gauge the economy's underlying strength. “Our evaluation and statistics shows the greenback will retain to reinforce over the following couple of weeks - we've a sturdy January center PCE launch on February 29 - after which will reduced in March because of a softer payroll document and softer February CPI numbers.” ,” analysts at ING stated in a note. Euro location offerings PMI impressed In Europe, EUR/USD rose 0.5% to 1.0869, with the euro supported through a greater tremendous funding climate.
Long
by Chart_MasterPro
DXY DROP?? = Massive RUN UP on xxxUSD! READ. DXY recently had its massive rally to the UPSIDE which imo is a CORRECTIVE MOVE. We are expecting DXY to make its first LEG down this week or have its FULL DROP next week. How does this information about US DOLLAR help? IF USD goes DOWN, xxxUSD rallies UP. It is important you understand the US DOLLAR before engaging in any xxxUISD pair. How do we FRAME the trade setup? IF DXY pulls back up to the yellow zone first, we will be looking to BUY LONGS on xxxUSD pairs. BUT IF, DXY drops from our current price down to the PMH (If you have my indictors you should already see the PMH level on your chart.) we will be looking to SELL xxxUSD last LEG instead and that would mean, DXY has met up with the required volume needed to make a new HIGH. That will be our PLAY.
CAPITALCOM:DXY
by TheHOODofCRYPTO
GOLD / USD; Analysis & Trading Plan (24-JAN-24)Hello Traders !! Here is my Gold Analysis & Trading Plan Gold has 2 possibilities , only BUY Setup from now, then drop from after that #tradewithcare Trade With Care, Wave IC ---------- Please follow me and like if you agree or this idea helps you out in your trading plan Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
OANDA:XAUUSDLong
by WaveHubFX
1
AUDUSD: AUD/USD eased slightly, while the Australian stock markeImmediately after better-than-expected inflation data, the Australian dollar fell again. In addition, weakening inflation has also provided the market with more information about the RBA's interest rates in the coming time when the Reserve Bank of Australia has had many difficulties in controlling inflation and has only stopped raising interest rates. interest rate in November. Currently, the market is expecting that the RBA will have a 50 bps interest rate cut in 2024.
Long
by Chart_MasterPro
BTC: Short-Term Liquidity Hunt Before Bear Trap and DropBitcoin (BTC) is currently positioned for a short-term move targeting liquidity above the current highs, potentially luring in bears. This setup suggests a liquidity hunt, followed by a rebound from the heavily traded area, and then a push towards higher liquidity zones beyond the recent highs. It appears to be a tactical move to trap bears before a significant downturn. While the short-term outlook hints at a bullish trap, my global perspective remains bearish, anticipating a more substantial short position post-liquidity grab around the $44K level, possibly even higher. www.coinglass.com
Long
by Shved126
4
GBPUSD: Asian forex bears strengthen as US interest rate cut hop In recent developments, bearish bets on several emerging Asian currencies have increased as traders readjust their expectations for an early interest rate cut by the US Federal Reserve. This change has prompted investors to seek refuge in the US dollar. A reassessment of the US Federal Reserve's (Fed) monetary policy trajectory has led to a stronger USD, derailing most Asian currencies since the start of the year. The odds of the Fed lowering interest rates in March have dropped significantly to 41.5%, down sharply from more than 75% just a month earlier, according to NASDAQ:CME's FedWatch Tool. This change in sentiment comes ahead of the expected initial estimate for fourth-quarter U.S. GDP, which is expected to show a 2% annual growth rate.
Short
by Chart_MasterPro
2
"Ethereum Technical Analysis: Potential Bullish Breakout from FEthereum update Ethereum is currently trending within a rising channel, as shown in the chart. It has formed a falling wedge pattern, similar to one it made a few weeks ago, and bounced by approximately 19% according to the pattern. If Ethereum breaks out of this wedge, it is likely to bounce by almost 19% again. However, if it breaks out of the rising channel, the chart will be invalidated. In the event that Ethereum does break out of the wedge, it would be a good opportunity to open a long position. Stay tuned; I will keep updating
Long
by CRYPTOMOJO_TA
"CAKE/USDT Long Trade Setup: Symmetrical Triangle Breakout SignTrade Setup for CAKE/USDT: Long Position Analysis: CAKE is exhibiting a symmetrical triangle pattern, indicating a potential breakout with a strong rebound. The current market trend supports a bullish outlook. Entry: Entry Point: Current Market Price (CMP) Additional Positions: Consider adding more if the price drops to $2.38. Targets: $2.56 $2.7 $2.9 $3.2 Stop Loss (SL): Set the Stop Loss at $2.285 to limit potential losses. Leverage: Use leverage cautiously: 5x to 10x. DYOR
Long
by CRYPTOMOJO_TA
5
A Strong Reversal Breakout StockDATAPATTNS looks like it's about to turn around: 1. Moving Average Move: - The stock is breaking through the 50-day average, suggesting a shift in its recent trend. 2. Big Volume Boost: - Lots of people are trading it, showing a lot of interest and confidence in a possible change in direction. 3. Bouncing Back: The stock is bouncing off a price level where it has stayed strong before. 3. Risk and Reward: Candlestick Clue: Keep an eye out for a special candle shape indicating a big market sentiment change. If the lowest point of that candle holds, it's a good sign. For those starting out in stocks, DATAPATTNS seems like an interesting possibility. Anything you need to ask? Here is me : 8800611235. #stocks #trading #investing
NSE:DATAPATTNSLong
by Trendx2
Trade Reversals Successfully - Key Price Action to look forIn the video I talk through the two trades namely trading continuation with Trend and then trading Countertrend Reversals. Both have their own price action points but are very different. I review a continuation trade and the setups I look for when trading from level to level...but the main focus on the video is trading Reversals which can be very rewarding but also very difficult. I like to stick to a few key points when looking for reversals, and they are :- - Trade off an extension into a key level - Trade off a higher low (for buys) or lower high (for sells) - M pattern for entry confirmation or a minor lower high In the video I explain the reasoning and how risk is managed. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
XAU/USD Setup According To Middle East EscalationHello Friends. Im back with a broad perspective on GOLD. According to happening these days in Middle East (Hamas Terrorists against Israeil war) there are a perfect catalyst for Gold to See Upper levels. Lets take a look at Multi timeframe charts: 1)Daily chart In 1D chart we can see a bearish trendline that price will see it again in coming days. Here is where MAs meet each other (200 and 100 MAs are more important) and also there is a strong resistance level there (1900 level). after fall into 1800 - 1810 support level we saw a Strong Demand in Gold market and price started to rise with a Bullish Engulfing pattern occurs in this level. You can see my explanation in chart below : 2)Elliot Wave Count (15m Timeframe) When we look at Gold Elliotly (:D) we can see a 5wave impulsive wave being completed as 1st wave of an upper degree Wave. So you can see my wave count in chart below and due to Market Catalyst the correction wave Supports at 23.6% Fibo level. 3)15m Price Action As you can see in my main chart , near the 1800 support level , a Trading range shaped and we see a strong Breakout after the News abot war. This made a Spike phase (With an UP GAP at market opening). Now we passed spike and go throgh an increasing channel. Whats more is that we saw a Bullish Divergence between Price action and RSI. Finally , I think Gold going to be bullish in cimig days and at least reach the 1900 level. I hope you enjoy my idea. PLZ share your opinion with me in comments. Thank you ALL #Worldpeace
OANDA:XAUUSDLong
by TraderAmin-KZ
CADJPY fell sharply because of the country's recessionCurrently, data is showing that Canada will avoid a full recession this year. According to forecasts by consulting firm RSM Canada, the probability of a recession in the next 12 months is now at 60%, down from 75% at the beginning of this year. Furthermore, that probability may decrease further in the coming days. After three years of dramatic economic change, Canada is on a path to steady, if slower, growth. According to the International Monetary Fund (IMF), the country's Gross Domestic Product (GDP) is expected to increase 1.7%/quarter this year and 1.4%/quarter next year.
Short
by Chart_MasterPro
CHFJPY, DOOMSDAY BEAR-MARKET Scenario, Wedge-TRIGGER-Setup!Hello There! Welcome to my new analysis about CHFJPY on several timeframe perspectives. The CHFJPY conditions have accelerated to an unnatural dynamic recently as the pair moved into new highs instead of the massive overbought condition and the fact that this main reversal into the bearish direction should have setup already long times before especially considering the deficit of capital flows in CHF against the JPY there is a lot of bearish pressure present for CHF. On the broader perspective the pair is forming this gigantic ascending-wedge-formation in which it already penetrated the lower boundaries with crucial bearish momentum spikes into the lower direction. This means that once a huge bearish pressure spike below the lower boundary has setup this will lead to many long liquidation triggers down the road and will lead to further continuations into this perspective. When the bearish pressure accelerates heavily this will also lead to the massive head-shoulder-formation to be completed triggering further bearish liquidations and momentum. Especially with a further increase of the deficit in capital flows between CHF and JPY this will lead to the main market momentum to convert into a bearish dynamic and will lead to the underlying bearish scenario perspective to be confirmed by traders and investors moving into a more bearish sentiment consideration. Once the whole head-shoulder-formation has completed the momentum is likely to accelerate to the target-zones mentioned. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
by VincePrince
10
LVMH (MC) -> Buy The Stock Right Herey name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitaliz e on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on LVMH. For the past 7 years LVMH stock has been trading in a decent rising channel and just recently retested and rejected the upper resistance trendline at the psychological 900€ level. Also considering that this is a simple break and retest of the previous all time high from January I am just waiting for bullish confirmation before I think that another push higher will occur. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
EURONEXT:MCLong
by basictradingtv
29
T-BOND FUTURES, Massive Double-Bottom-Formation, BREAKOUT-Setup!Hello There! Welcome to my new analysis of T-BOND FUTURES. Within recent times momentous changes emerged within the whole global financial markets as determining factors such as increased consumer demand expenditure and a decreased U.S. CPI have confirmed an important strengthening of the DXY, the U.S.-Dollar Currency Index moving along together with a major uptrend within the bonds. As the bonds market is not about to reverse within the recent times combined with the fact that the DXY stays within a continued uptrend these are factors that I considered within my recent analysis of T-BOND FUTURES as they offer an important view about what is likely to happen next. Major Double-Bottom Indications and Upcoming Price-Action-Determinations: When looking at my chart now T-BOND FUTURES are forming a major formation here, which is a substantial double-bottom formation with the first bottom already being completed and the second bottom reaching the major support zones with a high potential to bounce again. Such a double bottom formation indicates a continued demand and bullish expansion volatility once it has been completed within the schedule. Now as T-BOND FUTURES approach the major supports once again this means that the final completion of the whole double bottom is not far away especially once T-BOND FUTURES move forward with the final breakout above the upper boundaries to complete the massive double bottom formation with a breakout above the neckline with an upwind support determined by the 50-EMA and the 35-EMA. Determined Target Zones and Upcoming Perspectives Together With the Market View: The first confirmation is going to emerge once the breakout above the descending resistance line, in combination with the 50-EMA as well as the 35-EMA has shown up. The second confirmation and therefore the finalization of the whole double bottom formation is going to emerge once the final breakout above the upper boundary neckline of the major double bottom formation has shown up, this is going to complete the whole formation and is going to activate the final target zones as marked. Especially, with a further bullish momentum and uptrend preceding within the DXY and the bonds market such a major breakout possibility increases more and more. The first target zone will be within the 151'05 area, and the second target zone will be within the 172'19. A continued momentum within bonds and the DXY that is accelerating and increasing with the higher highs to be formed is going to determine a fast uptrend and reaching of the targets. In this manner, thank you everybody for watching my analysis of CHFAUD. Support from your side is greatly appreciated. VP
CBOT:ZB1!
by VincePrince
2
GBPAUD Heading Lower By Frankfurt and London Session OpenGBPAUD sellside liquidity or sell stops taken at market open of the week, market is going for buyside liquidity or buy stops during the Asia session, my opinion is GBPAUD to heading lower by Frankfurt and London session after buyside liquidity or buy stops taken. IMPORTANT: This is paper trade idea, not financial advice. Forex trading is a very high risk business, please ensure you master risk and money management before placing any live trade.
Short
by TraderMalaysia