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.
Salutations, dear friends! Let's embark on a journey to uncover the tale of today's gold prices. As Tuesday's session unfurled its golden curtains, we witnessed a rapid retreat in gold's valor. At this juncture, this noble metal has forfeited nearly $26, circling around the $2300 mark with a descent of 1.08% on the day. This downturn has been etched into the...
USD/JPY stabilizes around the 154.50 mark after recouping some of its daily losses on Friday. According to Reuters, a senior Iranian official stated there are no immediate plans for retaliation following Israeli airstrikes. This development coupled with hawkish comments from Federal Reserve officials on Thursday gave the US dollar a boost. The Reuters report...
Hello savvy and affluent traders, what are your thoughts on XRPUSDT today? Today, XRPUSDT has experienced a slight decrease in price, with trading levels appearing largely unchanged from this time yesterday as accumulation continues. Despite this, the downtrend still dominates as a breakout has occurred, and there are no solid signs yet that the bulls might...
Hello,Friends! We are going long on the USOIL with the target of 84.39 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Greetings, Brian here with today's golden update! In a dazzling twist, gold has seen its luster diminish, shedding nearly $20 in just the opening hours of the Asian trading session, currently orbiting the $2308 mark. As the drama in the Middle East simmers down, investors are rushing to capitalize on their gains, leading to a flurry of gold being released back...
Here is our detailed technical review for GBPAUD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.919. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.930 level soon. P.S The term oversold refers to a...
Here is our detailed technical review for EURUSD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.063. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.065 level. P.S Please, note that an...
Hello,Friends! We are now examining the NZD/USD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.608 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go long on GBP/JPY right now from the support line below with the target of 192.689 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅
Hello everyone, Brian here! Let's take a closer look at GBPJPY today! Currently, this currency pair has maintained a rising trend over the past several days. The price is now orbiting around the 194.800 mark, completing a five-wave Elliott sequence. I expect some adjustments soon, as there are signs that a new peak might be forming, and a retest of the EMA 34 and...
Gold is gradually recovering, maintaining stable gains throughout the morning session of European trading on Thursday, nearing the $2,330 threshold. Prices are expected to test the 0.5-0.618 Fibonacci area. However, traders may prefer to wait for further signals regarding the Federal Reserve's interest rate reduction trajectory before betting on a positive direction.
Hello everyone, let's dive into the current dynamics of USDCAD! Right now, USDCAD is forming what looks like an inverted cup and handle pattern, as depicted in the chart. Keep an eye out for a potential sell entry around the 1.365 level if a breakout occurs as anticipated. If things go as planned, we might see this currency pair make a move towards the 1.356...
Here's a look at the trading strategy for SOLUSDT: SOLUSDT continues to show weakness, and if it fails to break above the $160 resistance level, another price decline could be on the horizon while it remains below the two EMA lines. The initial support in case of a downward move is around the $145 mark and the trendline. The first major support level is near...
Today, gold prices are catching their breath in a corrective move, trading around the $2325 mark with a notable recovery of 0.43% for the day. This precious metal's long-term uptrend remains highly esteemed. The recent dip is viewed as a mere corrective wave within the ongoing Elliott wave structure, having reached its first significant Fibonacci extension at...
Take a look at our analysis for US500. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 5039.2. Considering the today's price action, probabilities will be high to see a movement to 5120.2. P.S We determine oversold/overbought condition with RSI...
EUR/USD maintains an upward channel oscillating around the 1.0700 level. The weakening strength of the USD is gradually paving the way for a gentle rise in this currency pair. From a technical standpoint, we observe that EUR/USD continues to hold above the simple moving averages (SMA), while the relative strength index (RSI) remains around the 60 mark, indicating...
The current support level presents a tempting opportunity. Currently trading at $1.10, finding support on the 4-hour timeframe chart. If bulls can hold the price at or above this support level, it could signal a potential reversal and an upward trend. If the bulls can maintain control, $1.1452 is a possible target price. This represents a potential upside of...