Party's over. Now comes the bill. Housing prices have experienced an artificial inflated price surge from march 2020 that needs to be corrected. RSI sell signal MACD just crossed the signal and it's bound to change direction. Stochastic RSI at virtual 0 also signals a possible change to a bear market that is still yet to occur, which often happens at...
During the overnight Asian session, there was a release of Australian CPI data, indicating that inflation remains stable at 3.4%, which is slightly below the expected 3.5%. Consequently, we can anticipate that this news could potentially drive the Aussie lower on maybe dovish RBA, who may try to follow other dovish CBs. From an Elliott wave perspective, we are...
by the Politicians, Talking heads and Bankers. Governments can only Tax, Borrow & Spend Central Banks can only Print & Lend. If this index were to rise by the average of 43% You are looking at the CPI Index hitting 372 by Jan 2030 There is every likelihood this decade, will be a higher than average inflation rise. You must save in scarce Assets #Gold &...
March 20th (FOMC in Mind) DXY: Consolidate along 103.80, could break lower briefly, overall trade higher to 104.50 resistance. NZDUSD: Buy 0.6060 SL 25 TP 65 (Counter Trend) AUDUSD: Sell 0.6500 SL 20 TP 55 USDJPY: Sell 150.55 SL 40 TP 180 GBPUSD: Straddle Buy 1.2740 SL 25 TP 75 or Sell 1.2690 SL 30 TP 90 EURUSD: Test and reject 38.2%, Sell 1.0870 SL 20 TP 65...
We saw Capitec form a W Formation. The price broke above the neckline and then made a fakeout. Now it will be testing the uptrend support line before further upside to come. I am bullish cautiously, but we still need the demand levels to pick up. The target will then be R2,485.00
Hi guys You can see the popular currency chart link in the daily time frame. I have identified the important areas of supply and demand for you. Although we have crossed the range area and we have a close candle above this area, but it is placed on an important daily supply area and also the return candle has stabilized. To ensure the continuation of the...
Greetings Traders, Bullish Channel: We're currently observing a bullish channel, with the price nearing its ceiling. Key Levels: Pay attention to the concise of this month's R1, which has been broken, and the VAH of volume profile. These levels are pivotal for longer-term long positions and suggest refraining from short-term shorts. Temporary Weak Bearish...
U.S Core CPI Rep: 3.9% 🚨HIGHER THAN EXPECTED🚨 Exp: 3.7% Prev: 3.9% U.S. Headline CPI Rep: 3.1% ✅In line with Expectations✅ Exp: 3.1% Prev: 3.4% Breaching below 3% is proving a difficult task for Headline CPI . In 25 years of inflation history above and headline CPI cant seem to breach down below into the moderate <3% level Since Oct 2023 Core CPI has...
Gold price (XAU/USD) comes under some selling pressure on Tuesday and maintains its offered tone below the $2,180 level through the early European. Traders opt to lighten their bullish bets amid extremely overbought conditions on the daily chart and ahead of the release of the latest US consumer inflation figuers. The crucial US CPI report will influence...
Trade Setup Review: Gold Sell on CPI News We recently capitalized on a strategic trade setup that involved selling gold in anticipation of higher CPI data. As predicted, the CPI data came out higher than expected, leading to a significant market movement that favored our position. Result : Our foresight and timely action yielded a remarkable +250 pips profit....
The high-impact US Consumer Price Index (CPI) inflation data for February will be published by the Bureau of Labor Statistics (BLS) on Tuesday at 12:30 GMT. Inflation data could alter the market’s pricing of the Federal Reserve (Fed) policy pivot, ramping up volatility around the US Dollar (USD).
im looking for both side range buy side and sell side, if you feel confident juts trade if you are not sure just watch OANDA:XAUUSD
The Japanese yen is showing limited movement on Monday. In the European session, USD/JPY is trading at 150.34, up 0.13%. Japan releases Tokyo Core CPI, considered the most important inflation indicator, on Tuesday. The index fell to 1.6% y/y in January, below expectations and the lowest rate since May 2022, but the market estimate for February stands at...
Natural gas got a positive weekly close. this close sets up a potential short squeeze to $2 & $2.25 as long as we stay above the hourly chart neckline. Oil has just made it highest weekly close in 18 weeks. Oil has now broken out to the upside and this could be very detrimental to consumers and the inflation fight. If oil holds above $80 it's going to try to...
Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 103.300, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 103.300 support and resistance area. Trade safe, Joe.
As a group, gold royalty streaming companies reacted negatively to the drop in gold price on February 13, 2024. This movement was triggered by US CPI for February printing slightly higher than expected by consensus, on the index and also MoM and YoY readings. Reaction was an immediate spike in TVC:DXY and commensurate selloff in FX_IDC:EURUSD . This...
- Potential London Judas swing. - I want to see a bearish session targeting Asia’s low and PDL. - Price has already traded above Asia’s high in a premium of the DR. - Remember it’s CPI day, potentially could be a slow session.
Feb 14th DXY: Need to stay above 104.50, above 105 could trade up to 105.40 NZDUSD: Sell 0.6080 SL 15 TP 65 (Hesitation at 0.6045) AUDUSD: Buy 0.6485 SL 20 TP 40 (Alternative: Sell 0.6442 SL 30 TP 90) USDJPY: Buy 150.60 SL 30 TP 120 GBPUSD: Sell 1.2505 SL 20 TP 50 EURUSD: Sell 1.07 SL 15 TP 35 USDCHF: Look for reaction at 0.89, Buy 0.8905 SL 20 TP...