The U.S. PPI data in April was strong, rising 0.5% month-on-month, 0.3% higher than expected. Core PPI also rose 0.5%, while the expected 0.2% was. However, both March PPI and core PPI were revised down from 0.2% to -0.1 %, the sharp downward revision of March PPI moderated the unexpected increase in April PPI. Powell's speech was also half hawkish and half...
Nasdaq (NDX) made the bullish break-out that we largely expected as described on our previous idea (May 15, see chart below) and almost hit our 19100 Target: Right now we see a short-term pull-back, which based on the November - December 2023 fractal (green ellipse), should be at worst a 2 week consolidation. The 1D RSI also shows that symmetrically we should...
Morning folks, So, as we've said, if BTC breaks 69K it should go higher. That we see now. Nearest upside target is based on the same pattern - reverse H&S that we're trading for a couple of weeks already. It stands at 74.75K But at the same time, I would like to show you this one - reverse H&S on top. If we see that BTC starts falling fast, it could be not the...
GBP/CHF is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.15106 Why we like it: There is a pullback resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 1.14031 Why we like it: There is a pullback support level which...
HHello, everyone We may be short of Bitcoin. Because we passed the upper limit of the monthly ATR + price test. It can only be activated when the price breaks $76,800! . I hope it helps to share reliable signals daily
Hello traders Just broke through the trend line and there was a clear divergence. Make an instant portal. Share reliable signals daily and contact me if you need help
Hello traders After breaking through the resistance level of 69,260, it failed to reach new highs after several upward breaks. If current prices are to continue to break upward, more purchasing power is needed. Today the price fell back to around 68130 and then quickly rebounded upwards. The price correction also faces greater resistance, and there is greater...
Hello traders Yesterday, Bitcoin had a rollercoaster ride. After breaking through the resistance level of 69,680, it rushed to the vicinity of 70600 and quickly fell back. After falling to around 69,100, it rebounded to 69800 and then fell directly below 69100, hitting a low near 67430. Overall, the tug of war between bulls and bears is quite intense and there is...
Hello everyone today analysis and suggestions Eur/USD has formed a classic bullish structure (call flag). In theory, the currency should strengthen further. We expect the pair to move further towards the local high of at least 1.0895. A break and consolidation of this level will allow the pair to look for higher highs, possibly at 1.1000. If you need any help, you...
Gold 4-hour chart out of a wave of small step shock rebound correction, with the medium rail as the critical point of the rebound channel. Yesterday to hold the middle rail to launch a high point, the current small cycle, B wave high can be high can be low, weak market, today with high fall down. The strong market continues to shock correction, and it is delayed...
Hello traders The AUDUSD is showing a bullish divergence, buy as it will break the last LH along the trend line I hope my analysis and suggestions are helpful to you, and you can contact me if you need them
Hello traders Although the Dow initially squandered today's recovery opportunity, prices may soon rise. The index's performance is out of step with broader market sentiment. Both the RSI and MACD are extremely oversold. Intra-market data such as VOLD also suggest cautious selling interest. For these reasons, we again see a long-term opportunity with a reserve...
The short-term trend of crude oil (1H) is fluctuating higher, the average line system is long, and the short-term objective trend is upward. Oil prices broke through 79 levels. Bullish momentum prevails in the morning, after the oil price fluctuates around 79, it is expected that the trend of crude oil will continue to rise in the day, looking at 80. Today: 78.60...
Dear traders! Overall, this week's outlook for GBPUSD is bullish as it recovered and stabilized above 1.2700 after falling to weekly lows below 1.2680 early in the European session on the back of promising Retail Sales data. UK disappointment. USD struggles to find demand on the upbeat risk mood and allows the pair to hold its ground. With a positive outlook this...
Btc is in ascending channel price is going to test trend line most probably it test the trend line and follow bullish trend
Dear traders! From the previous H2 chart, we see the trend changing, then the market moved into a consolidation phase and reached 1.2681. Accordingly, the resistance area continues to hold the price amid corrections and sell-offs. With the current trend, price reduction is possible. I expect that after the recovery period according to the Fibonacci measurement and...
Silver (XAGUSD) couldn't have gone better on our last signal we gave (April 17, see chart below) as it did give us the pull-back inside Resistance Zone 1 that we wanted in order to buy and immediately rallied to the top of the Channel Up to hit our 32.00 Target: Since the break-out, the metal entered a more aggressive Diverging Channel Up (blue), which after...
GBP/JPY is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 198.03 Why we like it: There is a pullback support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 195.74 Why we like it: There is a pullback support level which...