USA
US Dollar indexHey Traders, above we notice the breakout of DXY the supply zone of 94.370, that's a good sign that this zone will become a resistance and we will see more bullish momentum in the dollar. in other side we are holding our EURUSD swing short from 1,17 towards 1.138 zones. and we will monitor extra USD pairs to catch more opportunities.
Trade Safe, Joe!
MPC Trending Higher Towards 75Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The stock MPC appears to have broken out from a symmetrical triangle setup, with the resistance line making lower highs of 65.30 and 60.50 and the support line making higher lows of 50 and 53.30. The stock broke 2 levels of resistance, one at the resistance trend line of the symmetrical triangle and the other at a horizontal resistance level of 65.30. Expectations are for MPC to continue higher and test the 75 price level. If the pattern fails, MPC can decline back below the 65.30 resistance.
From a longer term perspective MPC is trending higher, with support observed around the 64.72 price level.
Technical Indicators
The technical indicators corroborate the bullish trending nature of MPC. The stock is trading above its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The RSI is above 50 and the KST just recently had a positive crossover.
Recommendation
The recommendation will be to go long at market, with a stop loss at 64.70 and a target of 75. 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.
LCID CRITICAL ZONESlcid is presenting a hight probability to reach its highest level, so keep your buyer position
lite correction can accure if rebound on 0.5 fibo level. do not worry just keep confidence on your LCID stock
good luck and don't forget make some likes and specialy follow me in order to push me doing my best
XAUUSD ShortHey Traders, in the coming week we are monitoring XAUUSD for a strong selling opportunity around 1834 zone respecting the strong descending trend on monthly frame in combination with the daily resistance zone, once we will notice any bearish confirmation the trade will be executed.
Trade safe and use proper risk management especially with gold because it movements are dangerous.
Joe.
XAUUSD ShortHey traders, today we are monitoring XAUUSD for a selling opportunity around 1792, Once we will receive any bearish confirmation the trade will be executed!
Use proper risk management especially with gold, because gold movements are very fast and it's easy for gold to marginate your account.
Trade safe, Joe.
USDJPY SWINGHey Traders, in this week we're monitoring USDJPY for a buying opportunity around 113.4, we expect the pairs to do a big rally towards 116.500 zones the next month, so we're waiting to catch the best entry. once we will receive any bullish confirmation the trade will be executed!
Trade safe, Joe.
Dollar Index analysis | Up TrendIf the price can break the 94.80 area upwards and stabilize above this area! We will see the dollar continue to rise, in which case the targets of 95.05 and 95.70 are available.
If this scenario is completed, we will see a possible fall in the price of gold and some currency pairs and indices.
USDCAD SwingHey traders, we are monitoring a selling opportunity for USDCAD at 1,242 Zone respecting the descending channel in combination with the daily strong supply and demand zone. once we will receive any bearish confirmation the trade will be executed.
remember to use good risk management especially in swing trades because the movements are more severe and violent.
Trade Safe, Joe.
USA. Taxes. China. Crisis. Electricity. Europe. BitcoinThe world leaders have begun to create a synthetic crisis. This crisis is far scarier - the energy crisis.
It is not an accident that coal-fired power plants in Great Britain were not just shut down or canned. They exploded it without any chance to rebuild. It gave the island 44% of its generation in 2012.
Britain is developing a plan to build a 3,800 km long transmission line off the coast of Morocco. There will build wind farms. They will be able to meet as much as 5% of Britain's electricity needs. By the way, they will lose up to 30% of the generated electricity in the submarine cables. All countries in whose territorial waters the cable runs will have to pay a constant fee. There has never been a more costly energy project on the planet.
Last year, in 2020, China permanently abandoned imports of coal from Australia, which covered 25% of the Celestial Empire's electricity generation. Most interestingly, China has not sent proposals to, for example, the Russian Ministry of Energy to organize coal exports. It simply increased its consumption of liquefied gas. The result was not long in coming.
The largest factories all over China receive a schedule of power outages. The schemes include 2 in 2 or 1 in 3 days. The most extensive electricity consumers are the industrial companies. They will work only 3 or 4 days a week.
Orders from major technology companies are in jeopardy. It is the most trivial issue we have. The fact is that almost all manufacturers in the world in mechanical engineering, electronics, pharmaceuticals, light industry, and the food industry are dependent on component supplies from China.
They couldn't invent anything better than an energy crisis in China to disrupt global supply chains, production processes and provoke mass unemployment and hunger.
There are two global dangers in the world right now. The first is the bankruptcy of the Chinese mega-developer Evergrande, which threatens to bankrupt dozens of businesses in China and even more investment funds in the United States. The second is a default by the U.S. federal government, which could occur soon.
So far, there is not a hint of consensus among congressmen (Democrats and Republicans) about the issue of raising the limit of the federal budget borrowing by $3.5 trillion. Such a decision would automatically be associated with a bill to change the taxation rules in the United States. Biden signs a government funding bill to prevent a shutdown.
So-called unrealized gains will now be taxed. For example, you own a house for $400,000, and last year it went up in value to $600,000. In that case, you immediately owe $60,000 to $100,000 in taxes. So if you don't currently have that money, you will need to sell your house to pay your taxes.
The same goes for cryptocurrency owners. Let's suppose that you have Bitcoin in your portfolio, and it has grown in value by 300% during a year. You don't want to sell it. You are waiting for the price of $300k per BTC. In case of this law is passed, you have to pay taxes and have to sell half of your bitcoins to pay taxes.