Following strong downward pressure on GBP/USD as the UK's Office for National Statistics (ONS) said the UK labor market weakened significantly in March. UK labor market data suggests that uncertainty about the economic outlook will likely force BoE policymakers to start cutting interest rates sooner than previously expected. At the end of the week GBP/USD...
Gold increased mainly due to escalating tensions between Iran and Israel. Gold prices recorded the fifth consecutive week of increase. Israel's response came a week after Iran's drone and missile attacks on Israel pushed gold prices to a record high above 2,428 Recent statements from Fed officials suggest there is no rush to cut interest rates in the short term....
Gold at the historical past of greenback correction is strengthening to the resistance of the bearish channel, which became shaped at the historical past of sell-offs. Ahead of robust information, at the historical past of which the charge may also attain the liquidity area earlier than similarly decline. On the excessive timeframe, a fake breakdown of guide is...
Fundamentals : This weeks GBP PMI coupled with USD Unemployment claims and Core PCE has sent the Dollar rallying while GBP has been in some consolidation until today. Technical : From a Technical point GBP broke the Bearish Trendline at the same time the Dollar was rallying from news, GBP later retraced some of the sell off and retested the Bearish Trendline it...
On the chart, IREN is heading towards its end of a massive year and a half long ascending triangle. Its has been coiling up, getting tighter and tighter and there isn’t much room left. I believe this is going to pop to the upside in the very near future. I’m talking days, to weeks to a month at max most likely. There is a solid fundamental reason for this play...
Good morning everyone, today on the euro pair, After 26 weeks we had the highest number of Negative net positions for the EUR futures. And we had a Buy signal from the commercial side. Alongside that we can see the DXY is slowing down after starting off 2024 with very strong movement to the upside.
Weekly: 1. Direction: Bullish 2. Reasons: 1. Price respected the newly formed FVG 2. BOS with massive displacement 3. price is moving from IRL to ERL 4. DXY is bullish 3. Trading Range Box: 1.36332 to 1.38440 Daily: 1. Direction: Bullish 2....
The social sentiment for Tesla (TSLA) seems to be quite polarized, with both positive and negative views being expressed by different individuals and sources. On one hand, there are positive sentiments, with some people expressing confidence in Tesla's position as the best company in the world, noting that it's a peace factory and not just a car company,...
Bitcoin is approaching these open blocks of sell orders in the chart. These are leveraged long stop loss orders / Sells. I expect them to fire off like a chain reaction, one sell order into the next at incredible speeds
Gold technical analysis Daily resistance is 2361, support below is 2320 Four-hour resistance is 2361-69, square support is 2334-25 Gold operation suggestions: Judging from the current trend, the short-term support below will focus on 2334-25, the important support will continue to focus on around 2319, and the pressure on the top will focus on the 2361-69 area....
Grok showing a new interest volume which could be confirmed in the coming time frames. GROK is also one of the coins that is green for the cycle This coin could need some time to find the right levels.
Chart #1 : Price Target $154 Tesla has been trailing this downtrend line (aqua) and its 50 day moving average (blue) falling 36%, underperforming both major indexes SPY & QQQ up 25% and 27% over the same timeframe. Tuesday 2 April 2024 Tesla reported vehicle deliveries of 386,810 and production of 433,371 potentially signaling a current demand problem. This...
Sterling dollar forecast We notice that the pound is moving in a descending price channel and is in a correction phase for the fourth wave. We expect further decline to complete the fifth wave, and the target is the area with small volume.
Regarding the forecasts for the Dollar Index The dollar is moving in an ascending price channel. We expect further rise towards imbalnce
Weekly: 1. Direction: Bearish 2. Reasons: 1. Price respected the newly formed FVG 2. BOS with massive displacement 3. price is moving from IRL to ERL 3. Trading Range Box: 1.25403 to 1.23032 Daily: 1. Direction: Bearish 2. Reasons: 1....
GBP/USD rebounded after edging lower to 1.2298 last week. But upside is capped by 1.2538 support turned resistance. Initial bias remains neutral this week first. On the downside, break of 1.2421 will argue that rebound from 1.2298 has completed and bring retest of this low. However, decisive break of 1.2538 will bring stronger rally to 55 D EMA (now at 1.2581) and above
Monthly: 1. Direction: Bearish 2. Reasons: 1. price is disrespecting the FVG. 2. A good Displacement Weekly: 1. Direction: Bearish 2. Reasons: 1. Price respected the newly formed FVG 2. BOS with massive displacement 3. price is moving from IRL to...
Macro Monday 44 The China NBS PMI and Manufacturing Caixin PMI (both released Tuesday 30th April 2024) China NBS General PMI – Surveys by 3,200 large corporations ▫️ Provided by the National Bureau of Labor Statistics ▫️ Based on a large sample size surveying 3,200 companies across China. ▫️ The NBS PMI has a stronger focus on larger state-owned...