orancapital

orancapital Updated 

Markets starting to realize overly optimistic rate cut bets are off the table. Now the AI optimisim is about to be tested too with NASDAQ:NVDA earnings tomorrow. SP:SPX is at a critical stage. I will not say it will fall but the risk for the downside are increasing as the massive bearish wedge formation is being tested. Careful fellow traders.

orancapital Updated 

I'm long on CCJ since the break of 32.53 and will continue to ride the trend for now. I'm on double size relative to my usual positions and remain that way unless the 89 day SMA hold the trend and reduce it to normal size if it broken. The main trend I follow is the orange one. I expect nuclear energy to grow significantly over the next ten years. Because of that...

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BINANCE:AVAXUSDT might retreat with the broken head and shoulders. 36.75 is the final support that might change the outcome. With a possible break, 32-33 is my target.

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FTX is no more and it won't restart according to bankruptcy lawyer. According to Binance news, FTX still holding 76% of FTT supply which surely need to be sold at some point and surely will be the end of FTT's value. The final destination is known, any up moves now selling oppurtunity. I'm shorting with enough margin to cover myself of any spike. My target is...

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-0.6% MoM CPI and now technical recession with 0.3 shrinking on quarterly basis. UK data this week was very weak but recently and EURGBP trying to find support from 0.85. The weak data, bulish RSI divergence and the 0.85 support all create a buying oppurtunity. 0.8560 could be the trigger for upward moves. Below 0.85 however will change the positive outlook for...

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In line with the EURUSD idea ( ) weak EUR and hawkish RBA might trigger a selloff for EURAUD. The trend tested 2 times and perhaps the price finally start to weaken if EURUSD trend breaks. Above the trendline is the obivious stop for my strategy.

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After the strong growth, jobs data with fast increasing economic activity seen in ISM - PMI data, dollar is gaining strength. The rate cuts bets were too optimistic and now it is about to be trimmed. On top of that, "prices paid" sub index in ISM manufacturing and services indicates inflationary pressures might return, but so far it is too early to tell. While US...

orancapital Updated 

Bitcoin still in uptrend channel and "sell the news" is in full effect. It is healty to see more retreat. My hope is that will to continue to just below 33k, below some heavy liquidation levels and a key technical level which includes middle point of latest run (the curren trend), a strong former and possibly current horizontal support and the main trend line. If...

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I prefer to go long on NYSE:FCX because of my CAPITALCOM:COPPER expectation ( ). In 2024 growth might slow a bit but with the rate cut expectations looming, Freeport might give some buying oppurtunity as long as S&P 500 entered a bear mode. I don't expect a breakout at the key 46.50 top however. I think 2.71 R/R ratio is good enough for a trade like this.

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OANDA:XAGUSD tested the trendline couple of times and finally break the short term uptrend channel. Now if the orange line continue to hold ground a possible bearish correction might be due. Gold probably follow silver if that happens. Stong GDP and PMI data support this idea. Next week JOLTS and Payrolls report will also key for the direction. I think the early...

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TVC:PALLADIUM sinking since 2022, fast. The price fell from over $3000 to below $1000. The pain however might end in 2024. The recovering auto sector, jump in manufacturing PMIs and future rate cuts might give TVC:PALLADIUM some breathing room. ETF holdings of gold, silver and platinum all fell in the last year while the palladium holding rose by %20 and more...

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Copper made a breakout of the 2023 downtrend and after the retest of the trend channel and 89 day moving average it is picking up again. Today's PMI numbers will be valuable for copper in the next few weeks. All of the EU, UK and US manufacturing PMIs jumped way more than expected. US manufacturing PMI even past the 50 mark, meaning the economic activity in the...

orancapital

BTCUSDT is making another bullish wave. The small correction is ending with good volume, another over 2-3k surge is highly likely.