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History To Repeat Itself? S&P500Is it possible for the stock market to repeat itself? After the stronger-than-expected NFP last week investors are repricing the aggressive FED rate cuts expected for 2024. This was immediately affected in the stock market as the main indexes dropped and the dollar managed to recover some ground. The month of January is generally weak for the index as the 10-year average return for this month is only 0.17% making it one of the weakest periods for the index. A noticeable resistance zone can be spotted and used in advantage to look for shorts and get more than a 1:3 Risk-Reward-Ratio.
VANTAGE:SP500Short
by Elite_Forex
EURUSD (A huge Earthquake is Coming) Hello my friends, how are you doing? I hope you will fulfil your ambitions ❤️❤️❤️ Today, I want to talk about EURUSD. What a chart! wow. Before that, I want to remember It's not financial advice. so, just see and think about it. I'm just sharing my view and opinion of the chart. Please do your own research. Don't waste time and Let's go into details 🌺🌺🌺 Based on the Elliot wave, we can count waves. each wave includes 5 microwaves and today I want to count the waves at EURUSD. That's all we do. there is a very very important point in this chart and I want to tell you that. Based on Elliot's theory, the second wave can retrace the first wave to a maximum of 0.618 Fibonacci. and if this retracement takes longer, we would expect to see an extended third wave. Exactly, in EURUSD we see this situation. Please check the first photo 👆👆👆 The second wave retraced the first one till 0.886 Fibonacci and it's so dangerous. so we expect to see an extended third wave. in this case, we see the third wave moved to 4.618 Fibonacci. and it sounds strange. it's happened. exactly such as I said. Please check all these photos. And the Fourth wave can retrace to a maximum of 0.618 Fibonacci of the 3rd wave and the last wave (the fifth wave) will begin. Now, it's time to calculate the last PRZ for the end of the fifth wave. I did it for you guys. And I expect the fifth wave to drop to 0.85-0.88. it means that the worth of EURUSD drops to a zone between 0.85-0.88 and if this happens, all markets will drop soon. please, for God's sake, watch the market. the situation is so complicated. don't forget to save your profit. SP500, BTC, NDX and so on will drop soon more than you think. ✔️ ✔️ it was my duty to warn you about this earthquake. I'm sure you are confused right now. But it's ok and there is no problem. Time Proves Everything. If you have any questions, or if you need to know more details please don't hesitate to contact me. 🙏🙏 Please don’t forget to like 👍, follow ✌️, and share 👌 this analysis with your friends. Thank you so much for your attention and participation 🙏🙏 Wish you the best 🧞♀️ Sincerely Yours 🙏🙏 Ho3ein.mnD
Short
by Sticky-Stock
2
GBP/USD Reaches New Peak Amid Strong Economic Signals from UKThe GBP/USD exchange rate surged to a twelve-week peak recently, riding on improved consumer confidence and a positive business outlook, despite persistent recessionary pressures. This upward movement, with the pound sterling hitting 1.2615 against the US dollar, reflects a favorable response to the latest S&P Global/CIPS data. Additionally, a sell-off in Gilts bolstered bond yields, contributing to the market's optimistic stance. Amidst mixed economic signals from both the UK and the US, the GBP/USD pair maintained its strength, trading at 1.2606. In the UK, while inflation displayed signs of cooling down, it remained notably higher than the Bank of England's target rate, registering at 4.6%. The recent Chancellor’s Autumn Statement offered a balanced perspective on growth and inflation, steering a path of cautious optimism. BoE Chief Economist Huw Pill's reiteration of the central bank's commitment to combatting inflation further solidified market sentiments. Looking forward, market players are eagerly anticipating further insights and crucial US economic reports, including Consumer Confidence and ISM Manufacturing PMI and how will they compare from the ones from UK These upcoming factors are anticipated to wield significant influence on the future movements of the GBP/USD exchange rate. In technical terms, indicators such as RSI and MACD are signaling Buy, reinforcing the ongoing trend. If the current trajectory persists, the price could potentially ascend to levels around 1.2733, with a probable pivot point at 1.2583. However, there might be a downside risk, with potential drops to support levels at 1.2458, indicative of a cautious market sentiment amid the evolving economic landscape. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
DXY - (very!) Long; Welcome to the "new" American Century!Globalization is dead. The fat lady has sang, the dirt is piled high next to the hole in the ground, obituaries read, notices had been long mailed to all the parties concerned. All there is left to do now is to show up at the funeral - provided you are not too busy starving or freezing to death, or otherwise engaged with similarly pressing diversions. This IS the end of the world, as far as those currently alive came to know it. How could one tell? ... By simply doing the math - while reflecting on the known laws of physics. The following is more of a brief recap, rather than short term trading advise. Nevertheless, if in doubt, this is a USD Long call, the size of Montana! 1) "Things" are 10-30 times cheaper to "float" (energy-/cost-wise) than any possible form of land transport. E.g. if you are Germany (the EU) or China, and are fully dependent on external food and energy sources, and have zero (0) effective long-range navy to protect any essential shipping lines ... Digg up your heirloom calendars from the previous century because they will come very handy, once again. (Not to mention that purchasing a new calendar will not be within your means.) That quintessential and necessarily socialist - arguably fascist - EU slant will make matters even worse, if that'd be any way possible. [France is the only likely winner in Europe, or rather in this case, the lone escapee. That nation's healthy pessimism - the deepest in the world, according to surveys - is also likely to be a notable plus, right about now.] 2) The "Green (renewable) Revolution" is a fantasy - Including the "EV Revolution" Yes, lithium is light and plenty BUT it is also one of the least energy dense metals in the periodic table of elements. (I.e. it can't move "things"! - By itself, it'd be like pissing in the wind.) One needs to mix it with "something" - like Cadmium, the ONLY source of which is literarily one of the most remote places on earth, in the Democratic Republic of ____ ___, which is neither democratic nor a republic - nor a state or a country. E.g. No on demand availability = No renewable energy. Not to mention the energy costs - like aluminium, etc. - just in the production of the necessary infrastructure. In short, no technology exists, at present, which would have a chance to make the whole idea viable, by any tangible means, measure, or foresight. 3) China - is "dead". It is already in the process of passing that proverbial water buffalo which the Chinese Dragon has swallowed a little ways back and as of this year (2023) it is in a full fledged, unmitigated demographic collapse. Ain't no fixin' that, ya'll! To make things even more inconvenient, China has the longest (food + energy) supply lines, possible on this planet. (Some of those even longer than the other side of the world .) Count on a - once again - rural China with 800 million subsistence gardeners by 2035, starting now! 4) Russia That 1/6th of dry land on this globe has got everything! Except all the good stuff is well over a 1000 miles inland - and still in the ground! -, not to mention all of it being totally land locked. (Refer to "1") E.g. Potential issues with reliance on Russian supply lines has similar connotations to the overpopulation issue on Mars. 5) Africa For real? ... Not! 6) South America They have everything , pretty much. Just as most of it is also land-locked. But since that whole chunk of the planet is squarely in the N. American zone of interests, simply chuck it up as an integral part of NAFTA. ... leaving only one, single country /block that posses ample domestic food and energy resources, combined with incomparable industrial and military strength and reach, not to mention a sufficiently large internal market, including a (still) favorable demographic - that is also optimally dispersed -, to do as it pleases, as long as it pleases, to/for whom it pleases: "Fortress America".
TVC:DXYLong
by Nemo_Confidat
13