XAUUSD LONGHey Traders, in this week we are monitoring XAUUSD for a Buying opportunity around 1775 Zone respecting the bullish trend in combination with the strong Demand and Supply zone. Once we will receive any bullish confirmation the trade will be executed!
Remember always to use a small lot size on gold comparing to the normal lot you use on forex pairs. because XAUUSD movements are violent and it's easy for gold to marginate your account if you have a lack of money management strategy.
Trade safe, Joe.
USA
DXY Hey Traders, above is DXY technical analysis, i always recommend DXY analysis prior to trading USD pairs. currently we are watching a couple of zone for a possible bounce. first one around 95.5 and the second one around 94.4. don't forget to be a bit careful especially after fed Chair Powell speech the last night and fears about the new variant, risk for economy and employment and risk for labor market progress.
Trade safe, Joe.
Gold LongHey Traders, today we are monitoring XAUUSD for a buying opportunity around 1780 zone respecting the bullish trend and the strong supply and demand zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe and remember to use proper risk management with gold, because gold movements are so violent comparing to other forex pairs and it's easy for gold to marginate your account if you don't use the right money management plan.
Joe.
GBPUSD LongHey Traders, in the coming week we are monitoring GBPUSD for a buying opportunity around 1.33 zone respecting the support line of the descending channel in combination with weekly demand zone. once we will receive any bullish confirmation the trade will be executed.
Remember to use proper risk management, because in swing trading the movements are more violent comparing to short term trading.
Trade Safe, Joe.
DXY Hey Traders, wish a happy weekend for y'all!
i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too.
in the coming week expect a pullback for the dollar index around 95.9 zone towards 96.4, then we might see a potential drop.
Trade Safe and use proper risk management.
Joe.
XAUUSD shortHey Traders, in the coming week we are monitoring XAUUSD for a selling opportunity around 1812 zone, once we will receive any bearish confirmation the trade will be executed. Remember to respect money management guys with gold. movements of gold are more severe than other forex pairs and using a wrong money management with commodities or indices in general will knock you out from the market easily. follow always the beautiful rule of investing, risk small aim high!
Happy weekend, Joe!
USDMXN to Rally to 22Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The forex cross USDMXN is currently in an ascending triangle setup with resistance observed around the 21 price level and the support trend line seen around the higher lows of 20.12 and 20.25 respectively. Expectations are for USDMXN to rally towards the 22 price level. Failure of this move will be seen if USDMXN declines below 20.25
On the longer termed Daily Chart USDMXN is trending higher, with the next level of resistance observed around 21.50
Technical Indicators
There has been positive crossovers on USDMXN’s short (50-MA), medium (100-MA) and long (200-MA) term fractal moving averages. USDMXN is also trading above these respective MAs. The RSI is above 50 and the KST is in a positive mode. This indicates a bullish move in USDMXN.
Recommendation
The recommendation will be to go long at market, with a stop loss at 20.25 and a target of 21. This produces a risk/reward ratio of 1.75.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to USDMXN.
Markets news n°37And it is back!
> Biden re-nominates Powell as Fed chair, praising the progress made in the USA
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Biden said "we’ve made remarkable progress", and the US admin mentionned the improvement in unemployement as well as economic recovery, shutting down voices of opposition within the US central banking community. No change in direction, we can expect the monetary base to continue to expand at the high pace started a few years ago (followed a couple of years pace higher than the previous one which itself was higher than the previous one).
The Federal Reserve has a statement (+ economic numbers) later today (24/11). Maybe a catalyst for markets to move strongly, even more strongly. The WH decision might have ended a period of price uncertainty, finally things can get moving!
www.whitehouse.gov
> ECB Lagarde also announced nothing will change despite inflation far above target
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Guess what? The game of ping pong continues between the US and EU. No that's not ping pong. How do you call the first one that moves loses? Hold my beard first to laugh loses? Anyway, here we go again: Despite inflation more than double of target in Europe (at 4.1% last I heard) Lagarde said rates would probably not increase in 2022. The evil conspiracy of "forcing growth" is ongoing. I'm sure it's going to work out just great.
If they create big moves and easy money in the market remember you need to make 4-5% just to breakeven. Passive "rentier" type boomers and unskilled bottom of the chain labor are the ones that lose. And yellow vest protests in France will never end, not until they get a "right-winger" elected, we're getting pretty close now. France might get its own Trump next year. But does anyone mind the transfer of wealth from passive rentier boomers and heirs to active investors? I don't (obviously).
> Europe bankers approved new system for stablecoins and more, but said "no rush"
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The ECB’s Governing Council announced 2 days ago they approved a new oversight framework for electronic payments, the "payment instruments, schemes and arrangements", or ‘Pisa’, framework. In particular in includes cryptos and stablecoins.
2 weeks ago at the Singapore Fintech Festival several banksters said the adoption of crypto should not be rushed, there should be more caution, while crypto entrepreneur(s) (Nick Ogden from RTGS.global) said it should go faster. Well no big surprise, that's not even news. Entrepreneurs are horny, bankers hate risk.
www.ecb.europa.eu
> Happy anniversary! Exactly 50 years ago journalists promised they would never lie
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Here's something that brings a smile: The Munich Declaration of the Duties and Rights of Journalists was signed by six syndicates of journalists of the six countries of the European community in Munich the 24 November 1971. 50 years. A lot has changed...
Here are a few juicy bits:
1) Respecting the truth no matter what consequences it may bring abut to him, and this is because the right of the public is to know the truth. HAHA!
2) Defending the freedom of information, of commentaries and of criticism. CANCEL HIM!
6) Correcting any published information which has proved to be inaccurate.
8) Abstaining from plagiarism, slander, defamation and unfounded accusations...
9) Never confusing the profession of journalist with that of advertiser or propagandist...
10) Refusing any pressure and accepting editorial directives only from the leading persons in charge in the editorial office.
> Elon Musk dumps his ponzi bags like Charlie Lee did, and crashes TSLA share price
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Remember when Charlie Lee sold his LTC ponzi beans at the very top in 2017 and collapsed the price? With some laughable excuse "I want no conflict of interest". Well richest crook in the world Elon Musk pulled a Charlie Lee, if I understood correctly to keep it simple basically his insiders and investors said in their own words he was a manipulative narcisist and Tesla was better off without him. Similar "conflict of interest" magic trick the guy at the top of the Litecoin pyramid scheme did. Didn't Vitalik also say some similar nonsense? He just wanted to retire from coding at 20, just live off his bags. Lazy.
Price could be early in a correction
> From the WSJ: covid deaths in 2021 in the USA have surpassed the 2020 number
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Americans, champions of obesity, recently surpassed their previous record in the area of covid deaths. And there is another month to go. The record was surpassed by early November, and 2020 death did only start in March-April. So it's going to be I guess about as bad. Despite all the vaccination and boosters and lockdowns and masks and capitalistic vitamin health improvement pills suckers buy and absolutely-everything-possible-except-losing-weight.
If I may give my personal experience I noticed my landlord, before 2020, was in charge of managing his clients, went out to walk every day. And after 2020 lockdowns his wife was managing everything and he was barely standing, with a stick. I think he is recovering he is walking faster than a turtle now. I thought he was about to die, these covid "saving lives" policies really hit him.
That's the only old person I know (and I haven't gotten anywhere close to him, self distancing), otherwise I haven't gotten sick in 5 years and if the media didn't tell me I wouldn't even know this virus existed. Living among us there are millions of terrified, isolated old childless boomers that never go out I don't even know exist - other than from statistics. Just rotting in their houses, waiting to die, right under my nose. A bit crazy to think of. Bruh I just thought... maybe there are some thousands of houses with dead people in them right now. Did anyone check? Damn.
The WSJ is suggesting the reason for this virus still being so relatively deadly is lower-than-expected immunization rates as well as fatigue with precautionary measures like masks. Interesting because a few days ago France PM caught covid and seems he gave it to other members of the government, after he was seen not wearing a mask and touching everywhere with his hands. He is getting roasted a lot.
www.wsj.com
AAPL - Failed Breakout ? Short term target 150APPL has been in the bullish upwards channel since Aug 2020. In last 2 days APPL tried to break out of the Channel, market sell off in overall Nasdaq pulled it back, forming a topping tail. I expect AAPL to come back with in the Channel with short term price target 150 and hit the lower end of the channel if the market sell off picks off steam in early 2022. With holiday season coming in, won't be suprised if APPL pushes further up to 170-175 as Santa Claus rally. Next week will be crucial week to see if APPL breaks out or down?
XAUUSD UpdateHey Traders, XAUUSD already did hit the target we were waiting for.
in today's trading session we are monitoring XAUUSD for a possible pullback around 1794 zone. once we will receive any bullish confirmation the trade will be executed.
Trade safe and use proper risk management. especially with gold because the movements of commodities are more severe comparing to forex pairs.
Joe.
XAUUSD ShortHey Traders, in this week we are monitoring XAUUSD for a selling opportunity around 1816 zone, Once we will receive any bearish confirmation the trade will be executed.
Remember to always use proper risk management with commodities since they are high risk and more volatite.
Trade Safe, Joe.
TAN - Getting Ready for next Big Breakout TAN Solar ETF has been on upside momentum for a while. You could clearly see it had a channel breakout first, and then breakout the strong resistance line and now consolidating side ways for last 1 week or more, testing the next resistance levels. Weekly charts also shows that the buying demand is high and bulls are in control. Getting ready for next breakout. Targets 107.25, 113.20, 125.05, ATH. Can't give exact timelines, as markets are floating with light volumes getting into Holiday Season.
wheat will have to enter it's cyclewheat has a 6month cycle, between northern and southern emisphere crop, looks like it will begin a supercycle, like all commodities.
by a thecnical point of view, it's forming a H&S. wheat is a quite "dangerous" commodity to trade so i don't think it's a good idea entering before the pattern ends it's forming and starts going down from that neckline, multiple false breakouts are to expect once the price is bellow the neckline. i don't think it's a coincidence that the natural target of the pattern coincides with a round number (600), witch has been a strong resistance and support in the past.