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EURUSD Potential Forecast | 5th June 2023 Fundamental Backdrop ISM Services PMI forecast at 52.6 with 51.9 previous. EUR Services PMI along with ECB Lagarde speaking may induce volatility in the market. Hawkish tone will result in bullish momentum in EURUSD, vice versa. Technical Confluences Resistance level at 1.0765 where price has rejected. Support level at 1.0533 which could be a potential target. Price is currently on a downtrend and we will be looking for shorts. Idea Will wait for retracement before entering onto shorts. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
XAUUSD Potential Forecast | 5th June 2023 Fundamental Backdrop ISM Services PMI forecast at 52.6 with 51.9 previous. Technical Confluences Resistance level at 1983 Support level at 1946 Price is currently hovering around the support level and we could potentially see rejection off this level Idea Monday asian session, hence will wait for price to stabilise before entering onto any trade. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
OANDA:XAUUSDLong
by OlympusLab
US-Oil 28th mayTurning our attention to US-Oil as our second highlighted pair this week, we've witnessed a complete reversal in order flow. However, I anticipate another change in the upcoming week. There are two possible scenarios: either we continue with the current bullish momentum, further accumulating liquidity, or we reach the upper range boundary and switch to a bearish outlook. Our strategy involves monitoring the 15-minute swing range and assessing if it aligns with the order flow on lower time frames. If there is confirmation, we will consider shorting oil, aiming for the significant weekly level (SWL) on the 15-minute chart as our primary target. Considering the overall fundamentals, over the weekend, the US has reached a deal to extend and increase their debt default. This development suggests the potential for a substantial market movement upon the opening. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
TVC:USOIL
by rosshayes
Macro Catalysts Looming over BTCThere are several macro catalysts looming that are expected to play out in the next days and next couple of weeks. - DEBT Ceiling - FEDNOW launch - SEC vs Ripple FED and US TREASURY - DEBT Ceiling The United States Treasury is going broke, the FED is broke and banks are crumbling. The market crash actually started back in September 2019 when the yield curve inverted (www.investopedia.com). The "Debt ceiling" cannot be raised indefinetly and at some point US will most likely have to default unless they reach a deal like they did in 2011. Image 1: fred.stlouisfed.org The FED is basically a bank that has assets and liabilities. Their profits are funnelled into the US government. Since August 2022 they have recorded over $60 billion in losses. Image 2: Image 2 The balance sheet of the Treasury shows how much money the US government has. After the COVID printer went crazy the balance sheet reached $1.8 trillion and has now plummeted to $100 billion. The US government is the ultimate PONZI, in order to pay their debts they need to keep borrowing. To make it worse the borrow estimates for Q1 2023 where about $500 billion but ended up being double that at about $1 trillion. This goes to show how the US is no longer in control and cannot predict what is to come. Image 3: www.bloomberg.com Bloomberg did a piece on Gold and assets that according to their survey will do well if US defaults. Data is based on 670 participants. Interesting to see that Bitcoin is considered to be a good BUY in that event. During a financial crisis, commodities such as Gold, Silver and Platinum have been the "go to" assets along with the YEN and Swiss Franc. It seems like Bitcoin is moving from a Risk-On asset to more of a commodity. FEDNOW Launching www.federalreserve.gov Another important upcoming catalyst is the FEDNOW banking system which goes live July 1st. This is kind of a precursor to CBDC. The question here is, how well will this function and is there any risk of bugs? All software is vulnerable, and a small bug can lead to huge implications because banks will not be able to move money if a bug happens. It is important that the system runs smoothly because on the same date another major catalyst is at play. - LIBOR to SOFR transition. LIBOR (London Inter Bank. Overnight Rate) is a group of banks that determines the interest rate on loans, this has been done in London as per the LIBOR The US wants to move to SOFR (Secured Overnight Financing Rate) , they want to have more control. We are talking about approximately $650 trillion worth of assets that will have to migrate. The rate on the SOFR is set by the Overnight Rates. Taking the FEDNOW and SOFR together, if a bug happens with the FEDNOW software, banks will not be able to move money. This would mean that the Rates will skyrocket. SEC vs RIPPLE - Hinman documents cointelegraph.com Another potential catalyst is the 2.5 year long case between SEC and Ripple. Recently Ripple convinced the court to force the SEC to reveal the Hinman documents. Hinman is a former SEC director who reportedly stated that ETH is not a security because "it is sufficiently decentralized." But since the documents are sealed it is uncertain what is exactly ment by this statement. Ripple believes revealing this document can help them win their case. Ripple winning this case could potentially be one of the most bullish catalysts to have impacted the crypto market. The public release was supposed to be June 6 but is now set for June 13. Important Dates: JUNE 1 Yellen states that it is likely that the treasury will not be able to satisfy all obligations as early as June 1 JUNE 13 - Hinman Documents made public - Inflation figures for May released JUNE 14 - FED announcement on interest rates decision JULY 1 - LIDOR to SOFR migration - FEDNOW launches
by Suneater69
U.S. National Debt U.S. default A topic that has been stirring people's minds in recent months is the U.S. debt ceiling. The general public is asking the question: "Will the national debt ceiling be raised or will the U.S. default?" The national debt is the result of the government's financial borrowing to cover the budget deficit. And, as you might have guessed, these borrowings must be paid for. For the last ~100 years, the U.S. has existed on borrowed capital by placing Treasury bonds. And there is a purely nominal borrowing limit, which in fact America has raised 45 times in the last 40 years so that it can borrow more and more and more. And if they don't, the Treasury will no longer be able to issue debt securities and will only have to cover their expenses with cash balances from their balance sheet. Spoiler: no money to pay off your own debt 💡Logical conclusion. The national debt ceiling will be raised anyway, and all the current discussions have only political overtones and have nothing to do with the real economic model of the states. Consequently, no teeth-grinding default and collapse of the global financial system should be expected How will the increase in state debt affect the cryptocurrency market? -If you're interested, put + www.usdebtclock.org Best regards EXCAVO
FRED:GFDEBTNLong
by EXCAVO
29
ASTROLOGY REPORT: Buy Bitcoin BEFORE June 8th!!!!!!!!!!!!I am using astrology to let you know that this is extremely serious. This video is NOT about technical analysis. This video is 100% about what is going on with the world news at the moment. The US default glooming news at the doors is real, and I am using astrology to prove it is indeed real and needs to be taken serious. You have to Buy bitcoin NOW, or at least before June 8th. This date will mark the start of the most BULLISH movement ever happened for bitcoin. Balaji was right, but not 100% right. Watch the video. Follow me for more ideas like this, and share your feedback here. thanks
BITSTAMP:BTCUSDLong
by ChemastroOfficial
3
XAUUSD Potential Forecast | 17th May 2023Fundamental Backdrop US Retail Sales comes out at 0.4% compared to previous print of -0.7%, highlighting the continued resilience of the US economy. This further supports the hawkish stance from Fed and is bearish for GOLD. Technical Confluences Liquidity building at 1970 where price can potentially tap into H4 support level at 1960 which can serve as a potential target zone Idea With the DXY expected the strengthen in the short term, we are anticipating XAUUSD to continue its bearish momentum to test the support at 1960. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
OANDA:XAUUSDShort
by OlympusLab
1
XAUUSD Potential Forecast | 15th May 2023Fundamental Backdrop In light of the strong bullish sentiments surrounding the USD recently, price has made a bearish case for GOLD. Sentiments surrounding USD continues to be bullish with Fed maintaining its hawkish stance in the most recent FOMC meeting. Technical Confluences Daily support level at 1959.7 where price can potentially tap into before continuing bullish. Idea With the DXY expected the strengthen in the short term, GOLD is anticipated to continue its bearish stance in the market and we will be looking out for shorts over the new week. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
OANDA:XAUUSDShort
by OlympusLab
EURUSD Potential Forecast | 15th May 2023Fundamental Backdrop ECB hiked rates by 25bps most recently. Fed continues to see heightened inflation and maintains its uncompromising hawkish stance. Empire State Manufacturing Index release later on with market pricing in a negative print. Technical Confluences Daily support level at 1.0755 where price can potentially tap into. Price has broken past the daily resistance at 1.0961. Idea With the DXY expected the strengthen in the short term, EURUSD can potentially continue bearish to the support at 1.0755 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
THE 4 POWERS OF DIVERGENCE AND 4 NASDAQ TRADESNew home sales in June fell to the lowest level since April 2020, reflecting declining builder sentiment as construction bottlenecks continue to slow new home building and raise housing costs. Sales of newly built, single-family homes in June fell 8.1% to a 590,000 seasonally adjusted annual rate from a sharply downwardly revised reading in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. New home sales are down 13.4% in 2022 on a year-to-date basis. Builders saw sales decline significantly as buyers were priced out of the market on higher interest rates and ongoing home building and development costs, including building materials, This is just the second time that new home sales have fallen below a 600,000 annual pace since Oct. 2018, and this latest report also mirrors a sharp decline in builder confidence as noted in our latest survey. Buyers are balking due to deteriorating affordability conditions and growing sticker shock, A new home sale occurs when a sales contract is signed or a deposit is accepted. The home can be in any stage of construction: not yet started, under construction or completed. In addition to adjusting for seasonal effects, the June reading of 590,000 units is the number of homes that would sell if this pace continued for the next 12 months. New single-family home inventory remained elevated at a 9.3 months’ supply, up 60.3% over last year, with 457,000 available for sale. However, only 39,000 of the new home inventory is completed and ready to occupy. The remaining have not started construction or are currently under construction. The median sales price dipped to $402,400 in June, down 9.5% compared to May, but is up 7.4% compared to a year ago. Regionally, on a year-to-date basis, new home sales fell in all four regions, down 12.1% in the Northeast, 24.8% in the Midwest, 12.6% in the South and 9.6% in the West. Commentary of my 4 Nadaq Trades: 2 Shorts s Longs, all winners, Trade No. 3 wa the biggest winner. Setup: RSI50-580-290-5-13 Median 5 Risk Exposure 5% Profit Target 35 Buy,if Cross over Sell if cross below Trend Continuation Short RSI falls below 20 degree Trend Continuation long: Rsi above 35 Degree. Good Luck Traders
OANDA:NAS100USDLong
by DaveBrascoFX
3
Heavy Exports Weighing Down SoybeansSoybean is among the world’s most traded crop. It is used in various industries. Soybean drives global food prices. It can tilt trade balances of an entire nation. This paper describes the importance of Soybean. It lists key producers, consumer and maps the harvesting cycle across the calendar by top producing countries. Given rising Brazilian exports, higher US planting, and asset manager’s positioning, this paper articulates a case study for a short position in CME Soybeans Futures delivering a 1.3x reward to risk with entry at USc 1,452.5/bushel and target of USc 1,350/bushel hedged by a stop at USc 1,530/bushel. SOYBEAN IS THE WORLD’S MOST TRADED GRAIN Soybean is high in protein. Hence, it is a key component of livestock feed for meat & dairy production. Rising consumption of the latter two continues to push Soybeans demand. Two-thirds of Soybean is used for crushing into oil and meal. Soybean oil is among the most widely used vegetable oils. It is also used as biodiesel. The two American continents form 80% of global production. Brazil (42%) and the US (31%) are the two largest producers of Soybeans. Argentina is a distant third (7%). China drives demand. It is the largest importer of Soybeans. It comprises 60% of global imports. Soybeans is used to feed China’s massive livestock. Soybean prices are cyclical and prone to price shocks. HARVESTING CYCLE, WEATHER & TRADE POLICY HUGELY INFLUENCES PRICES Prices vary through the year. It is lowest at harvest. Increases during the year with rising inventory holding costs. Harvest seasons are spread differently across North & South America. US harvest is from September to November. While the Brazil & Argentina harvest from March until June. Not surprisingly, Brazilian and US harvest has an enormous impact on Soybean prices. Actual production deviating from expectations in these two majors can send prices surging or tumbling. Soybean prices since 2015 is visualised below. Prices have structurally moved up. Prices have surged driven by robust demand since 2020. Soybean prices on average have ranged 14% from its lowest to the highest over the last eight years with large price gyrations in 2016 and 2020. Price behaviour during and post-harvest since 2015 is visually described in the heatmap below. All things being equal, Soybean prices trend lower during harvesting followed by price recovery post-harvest. However, each year presents idiosyncratic conditions related to weather, trade policy, yield and output, causing price fluctuation. Beyond the harvest cycle, climate has a significant impact. North and South America is heavily affected by El Niño-Southern Oscillation which is a natural climate pattern causing hotter/dryer climate every three to seven years. El- Niño also elevates the chances of droughts and floods. Demand for Soybean Oil is also impacted by supply and demand of other vegetable oils like Palm Oil due to substitution effect. Global trade policy has a considerable influence too. Trade restrictions can disrupt global supply-demand balance, resulting in increased volatility. HIGHER PLANTING IN US, RISING BRAZILIAN EXPORTS, AND FALLING YIELDS IN ARGENTINA USA : In its recent Market Outlook, the USDA reported that US farmers were planning to plant marginally higher than last year but below market expectations. As per National Oilseed Processors Association (NOPA), soybean crushing spiked to a 15-month high and the second highest level for any month on record in March. The crushing pace jumped as processors bounce back from maintenance related downtime. Brazil : Soybean exports from Brazil surged 42.5% YoY during the first half of April. Bean prices have trended lower on larger than expected supply. Argentina : USDA reduced its forecast of Argentina’s soybean crop to twenty-seven million metric tons down from thirty-three million metric tons last month. Argentina’s soybean yields sunk to historical lows last week as per Buenos Aires Grains Exchange’s (BAGE) weekly report. BAGE warned that its projection, currently at twenty-five million metric tons, could be reduced if yield remains suppressed. COMMITMENT OF TRADERS REPORT Two-thirds of soybean crop is crushed into oil and meal. The crush spread, also sometimes referred to as simply the crush, refers to the difference between the value of soybean meal and oil and the price of soybeans. The “crush” is gross processing margin from crushing soybeans. As such, these three products are deeply intertwined. Asset managers have reduced net longs in all three contracts since the start of 2023. Intriguingly, asset managers have reduced net longs much more sharply for Oil and Meal relative to Soybeans. TRADE SET UP Four key drivers at play. First, rising supply from Brazil. Second, higher planting by US farmers. Third, bearish asset manager positioning. Finally, first three offset by marginal impact of lower yields in Argentina. In forming a holistic view, this paper posits a short position in CME Soybeans July contract. Each lot provides exposure to 5,000 bushels (~136 tons). Prices are quoted in U.S. cents per bushel. Minimum price fluctuation (tick) is one-fourth of one-cent. Therefore, every tick represents a change of USD 12.50 per lot. ● Entry: USc 1,452.5 ● Target: USc 1,350 ● Stop: USc 1,530 ● Profit at target: USD 5,125 ● Loss at stop: USD 3,875 ● Reward-to-risk: 1.3x MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
CBOT:ZSN2023Short
by mintdotfinance
AMZN - From A to Z Analysis ✈️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we were looking for buy setups short-term as AMZN was sitting around a strong support. AMZN rejected the 80.0 support and traded higher. However, we are still overall bearish trading inside the falling channel in blue. 🏹 For the bulls to take over long-term, we need a break above the upper blue trendline and blue zone 110.0 📉 Meanwhile, the bears can still push lower for a higher low . In this case, as we approach the 80.0 again we will be looking for new short-term buy setups. Which scenario do you think will happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:AMZNLong
by TheSignalyst
5
EURUSD Potential Forecast | 19th April 2023Fundamental Backdrop 1. Stronger dollar and bullish sentiments in USD is being brought forward from last week. 2. However, given the interest rate differential between the 2 currencies, EURUSD is anticipated to continue bullish. Technical Confluences 1. Near-term support at 1.08848 2. Price is still forming HH and HL, on a bullish trend 3. We could see the retracement head in line with the 0.786 level on the fibs Idea Looking for price to tap the area of support at 1.08848 before heading bullish. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
EURUSD Potential Forecast | 18th April 2023Fundamental Backdrop 1. Market sentiments continue to favour the EUR against the USD given the potential interest rate differential between the 2 currencies. 2. ECB highly anticipated to hike rates by 50 bps in the upcoming ECB meeting. Technical Confluences 1. H4 support at 1.08764. 2. Price have rejected the 0.618 level on the Fibonacci retracement and has seen bullish pressure as per forecasted yesterday. 3. Structure has most recently broken. Idea Anticipate for price to continue bullish as it retest the highs again at 1.10765.
Long
by OlympusLab
DXY - Double bottom may trap but bounce is hereHello traders! DXY stopped a multiyear uptrend at 114.8 and declined with a 5 waves impulse down from there. After a first bottom, price increased in a three wave until 115.9, 38.2% of the whole discent from the top, and started a smaller impulsive 5 wave to the downside that ended sligthly below previous low, de facto creating the possibility for a double bottom. Price also created a descending broadening wedge while bottoming, that has targets in the 103-105 area. We may see some upside until there before continuing down. Breaking 115 will activate the double bottom targets therefore requiring a wider wave B or a relabeling of the primary count. Bests GMR
TVC:DXY
by GMR-Capital
EURUSD Potential Forecast | 17th April 2023Fundamental Backdrop 1. Red news today like the Empire State Manufacturing Index could potentially result in a pullback for EURUSD before heading bullish again. 2. Market sentiments continue to favour the EUR against the USD given the potential interest rate differential between the 2 currencies. 3. Furthermore, USD economic data has been relatively soft and showcasing signs that inflation is slowing down significantly, which is a bullish driver of EURUSD. Technical Confluences 1. H4 support at 1.08764. 2. EURUSD continues to be on a bullish uptrend. 3. Structure has most recently broken. Idea Anticipate a pullback and for price to potentially head higher to retest 1.1076.
Long
by OlympusLab
DXY Potential Forecast | Pre CPI | 11th April 2023Fundamental Backdrop 1. CPI tomorrow will give greater clarity to the direction of the USD. 2. Last week's NFP result was positive and bullish for the USD, with unemployment rate falling to 3.5% yet again. 3. CPI m/m forecasted at 0.2% compared to previous 0.4%, market has been pricing in a further slow down in CPI. 4. CPI reading would provide insights to the next FOMC meeting and whether Fed continues to hike or pauses. 5. Core CPI m/m forecasted at 0.4% compared to previous 0.5%. 6. All in all, inflation has been slowing down and Olympus Labs forecast that the road to inflationary cooling will be a smooth one from here on out. Technical Confluences 1. Price rejected off resistance at 102.8. 2. DXY still bearish on H4 timeframe. 3. Price could potentially tap into the support at 101.67. Idea We are looking for price to continue its bearish trajectory till 101.67 and potentially form a new low. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYShort
by OlympusLab
USDCHF Potential Forecast | 3rd April 2023Fundamental Backdrop 1. CHF CPI m/m increased by 0.2%, much lower than the forecast 0.4% and previous 0.7% m/m. 2. The softer print of CPI shows that inflation has been slowing down at a much faster rate which could signify a dovish landing on the SNB. 3. Market Open on Dollar has been very bullish, however, with NFP lurking this week, expect plenty of volatility in the market. 4. USD ISM Manufacturing PMI releasing later on in the day and market has been pricing in a 47.5 compared to 47.7 previous. Technical Confluences 1. H4 resistance level at 0.921. 2. H4 support level at 0.9085. 3. Price could potentially retest the resistance level at 0.921. Idea Given the weak CPI reading on CHF, there is a weak bullish outlook on USDCHF as upcoming ISM news on USD is also slated to be a softer print. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
USOIL Longs, Surprise oil output cuts| 3rd April 2023Fundamental Backdrop 1. Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day 2. This can cause a bullish run in prices in the long run. Technical Confluences 1. Price near 81.7 resistance 2. Price shot through the support at 72.50 with strong bullish momentum, causing a market gap Idea With the oil cuts in place, we have a strong bullish bias. If price is able to break the resistance at 83.60, we could see price head towards the next resistance at 93.1 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:USOILLong
by OlympusLab