Next week's Federal Reserve interest rate decision possibly just got a lot more interesting. Last night we got PPI data. In February, the producer price index, a key gauge of wholesale inflation, surged by 0.6%, surpassing expectations by more than double. The big question now is whether traders will reassess their expectations for the timing of a Fed rate...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09300 zone, EURUSD was trading in an uptrend and now seems to be attempting to break it out. if we get further dips below the support we will look for a potential retrace of the trend towards more lows. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPUSD For a selling opportunity around 1.27900 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the trend at 1.27900 support and resistance area. Trade safe, Joe.
This is my Intraday analysis on EURUSD for 14 Mar 2024 W11 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish / Continuation Phase Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of...
I see a strong bullish confirmation on USDCHF after a test of a key support: The price formed an ascending triangle formation on a 4H time frame and violated its neckline. I think that the price will reach 0.8855 level soon. ❤️Please, support my work with like, thank you!❤️
With the help of 'Retail Sales' & 'PPI' data, we've seen once again fundamentals come in & manipulate price towards our technical bias. Price getting closer to hitting our selling confirmation📉
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.87800 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.87800 support and resistance area. Trade safe, Joe.
-Hello everyone ! -Here is my opinion on GBP/USD: -P.O.I (Point Of Interest) -An increase in liquidity. -An interesting area. -Optimal Fibo (OTE). -No counter-trend. - FVG (Fair Value Gap/Imbalance) *Optional -Plus we have a very nice shopping area next to our TP! This is why I would see the GBP/USD going DOWN! 🚀 If you liked it and want more, don't hesitate...
Hello everyone ! -Here is my opinion on the GOLD: -Z.O.I (Zone Of Interest) -An increase in liquidity. -An interesting area. -Optimal Fibo (OTE). -No counter-trend. - FVG (Fair Value Gap/Imbalance) *Optional This is why I would see GOLD rising! 🚀 If you liked it and want more, don't hesitate to subscribe and Boost the publication! Questions ? Leave a comment!
Greetings ! The setup: -RMI (Range Manipulation Initiation) -An increase in liquidity. -An interesting area. -Optimal Fibo (OTE). -No counter-trend. - FVG (Fair Value Gap/Imbalance) *Optional 🚀 If you liked it and want more, don't hesitate to subscribe and Boost the publication! Questions ? Leave a comment!
Greetings ! The setup: -RMI (Range Manipulation Initiation) -An increase in liquidity. -An interesting area. -Optimal Fibo (OTE). -No counter-trend. - FVG (Fair Value Gap/Imbalance) *Optional 🚀 If you liked it and want more, don't hesitate to subscribe and Boost the publication! Questions ? Leave a comment!
H4 Analysis: Analysis/bias remains unchanged from yesterday's 13/03/2024) analysis -> Swing: Bullish. -> Internal: Bullish. Price printed a swing BOS and subsequently a bullish iBOS. Bearish CHoCH has been printed. We are now trading within an internal range. As mentioned 11/03/2024, bearish CHoCH, which is the first structural indication, but not...
Remember this US30 analysis I posted back in July calling for a new all time high?👀 This analysis worked out to perfection! Market is now up 5,990 PIPS (18% growth) from our POI😍 Whoever invested into US30 when this analysis was posted, you should all be up now & running in deep profits as we have breached new all time high's!
– Wednesday Daily candle closed Bullish forming Daily Support around 2158.400. I’ll be looking for potential Buys above 2180.000 targeting 4h Strong Resistance formed around 2186.700 and 30min Resistance around 2193.300. I’ll be looking for potential Sells below 2169.800 targeting 1h Support around 2163.300 and 4h Strong Support around 2156.800. High Impact News...
USDMXN has been under pressure for a few days now and I am not expecting it to stop soon. The US Dollar has been going down because of expected rates cuts to come this year and the mexican peso still benefits from a tighter monetary policy. Now that the fundamentals are in the favor of a continuation to the downside, we can observe on the daily timeframe the...
NZDUSD - 24h expiry There is no clear indication that the upward move is coming to an end. The correction lower is assessed as being complete. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Risk/Reward would be poor to call a buy from current levels. A move through 0.6170 will...
EURUSD is getting rejected on the 0.618 Fibonacci retracement level of the 14 month consolidation range for 4 straight sessions. This is bearish enough on its own, but it is also the symmetrical level where the price got rejected on June 22nd 2023 to marginally under the 0.5 Fib. The 1day RSI patterns between then and now are very similar. Sell and target...
The U.S. Dollar Index is coming off a three day rebound after the 1D RSI almost touched the oversold (30.000) level. Even though the 1D technical outlook is bearish (RSI = 35.930, MACD = -0.200, ADX = 51.582) this small reaction is most likely the start of a counter trend rebound like late June 2023, which reached the 0.5 Fibonacci level. Consequently we are...