Analyzing the options chain and the chart patterns of FITB Fifth Third Bancorp prior to the earnings report this week, I would consider purchasing the 30usd strike price Puts with an expiration date of 2025-1-17, for a premium of approximately $2.00. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
The USD/JPY pair is currently demonstrating a strong upward momentum, attracting significant attention from investors. This increase is driven by momentum from Japan, particularly through interventions by the Japanese government and the Bank of Japan (BoJ). Looking at the chart, we observe that the Relative Strength Index (RSI) is trading above the 60 level, a...
Today, gold prices maintained their high stance, oscillating around $2385 and briefly approaching the $2400 per ounce mark. Escalating tensions in the Middle East have bolstered gold's appeal. Recently, there has been a consistent influx of capital towards gold as a safe haven. The metal could potentially surpass the $2400 per ounce threshold again if conflicts...
Hello,Friends! The BB lower band is nearby so EUR-CHF is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.983. ✅LIKE AND COMMENT MY IDEAS✅
GBP/USD is grinding higher on Thursday, trading around 1.246, still locked in a downtrend with the EMA 34 reversal yet to conclude. On the USD front, optimistic February retail sales earlier this week showcased a robust U.S. economy. This report sparked speculation that the Federal Reserve (Fed) might delay its easing cycle this year. Fed Chair Powell stated he...
Analyzing the options chain and the chart patterns of SLB Schlumberger Limited prior to the earnings report this week, I would consider purchasing the 54usd strike price in the money Puts with an expiration date of 2024-4-19, for a premium of approximately $3.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Gold prices took a dramatic plunge, dropping $20 in just 30 seconds following the U.S. inflation announcement, which exceeded market expectations. Inflation in March rose by 0.4%, surpassing the anticipated 0.3%, putting the Federal Reserve (Fed) in a tough spot regarding future monetary policy decisions. Inflation’s 0.4% increase in March, pushing the annual...
The GBP/USD is extending its recovery rally towards the 1.2500 level in Thursday morning's European session. This currency pair continues to be supported by the prolonged weakness of the US Dollar along with low-interest rates of US treasury bonds. On the 4-hour chart, we observe that the GBP/USD has crossed above the 20-period Simple Moving Average (SMA),...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.37600 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.37600 support and resistance area. Trade safe, Joe.
The EUR/USD pair climbed to a higher level, reaching 1.0672 on Thursday during the early Asian trading session. This uplift was reinforced by fresh selling pressure on the US Dollar and a risk-friendly market atmosphere. Investors are poised to monitor several key economic releases later in the day, including the weekly Initial Jobless Claims, the Philly Fed...
Gold prices continue to climb today, driven by a heightened demand for safe-haven assets as tensions between Iran and Israel escalate, prompting investors to flock to the gold and U.S. dollar markets to protect their wealth. Despite the strengthening U.S. economic indicators and the rising U.S. dollar index—which raise concerns that the Federal Reserve (Fed)...
Please, check our technical outlook for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.062. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.075 level. P.S The term oversold refers to a...
Overall, EUR/USD is currently reflecting a downward trend due to the strong growth pressure of the US dollar (USD). This pressure has pushed prices down near the 1.0620 level in the early Asian trading session on Wednesday. However, technical analysis suggests that the market may experience a short-term upward correction. The possibility of prices rising to touch...
XRPUSDT experienced a sharp decline over the weekend, swiftly breaking through several key support levels. Currently, the price continues its downward trajectory, with only a minor recovery to around $0.5166. Technical analysis charts indicate that the bullish trendline has been decisively breached, drawing the price toward the 0.5 Fibonacci level, which is now...
The U.S. Dollar has gained against the Japanese Yen in early North American trading, bolstered by strong U.S. economic data and a range of comments from neutral to hawkish by Federal Reserve officials. The USD/JPY is trading at 154.61, up 0.22% from the open, maintaining its upward trajectory. USD/JPY buyers might push the exchange rate to challenge the 155.00...
Take a look at our analysis for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.063. Considering the today's price action, probabilities will be high to see a movement to 1.072. P.S Please, note that an oversold/overbought condition can last for a...
Although USD/JPY is still in an upward trend, the market is currently experiencing a notable correction phase. Looking at the chart, it's evident that prices are rebounding and undergoing a downward adjustment, resulting in a certain level of volatility. It is expected that prices will test the SMA 20 moving average area before resuming a stronger upward momentum.
GBP/USD is holding its latest increase above 1.2450 in the European trading session on Wednesday. On the 1-hour chart, we see a positive signal as GBP/USD has surpassed both the simple moving averages SMA 20 and SMA 50. The prediction is that the price will surpass the SMA 100, which is a sign of a strong uptrend. And the target is aimed at the psychological level...