The Aussie is Vulnerable Despite its BounceAUD/USD rises after its 2024 lows as the greenback’s strength deflates, eying the pivotal EMA200 and daily closes above it would shift bias to the upside. However, such outcome has high degree of difficulty technically.
The EMA200 can contain the rebound and sustain the bearish bias, which would keep the Aussie exposed to the 2023 lows (0.6269).
The hawkish repricing around the Fed is likely to continue to help for the USDollar, as stubborn inflation, strong economy and robust labor market favor a conservative approach around rate cuts by the Fed. Its Australian counterpart seems to be further from such moves at this stage, but today’s poor labor data strengthen the case for an RBA pivot.
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Past Performance is not an indicator of future results.
Fundamental Analysis
WTITechnical analysis of WTI crude oil
Crude oil retreats despite geopolitical risks.
Crude oil is one of the most important economic resources in the world and plays a very important role in the forex market. This type of investment is often recognized as one of the most profitable opportunities in the financial markets. The importance of crude oil in the forex market is very high due to the impact of its price on the global economy, its effects on exchange rates, and the political and economic effects in oil production and export regions.
To trade crude oil in the forex market, you need to have detailed knowledge and analysis about this market. Among the skills you should learn are:
Knowing how the crude oil market works: knowing and understanding the prices, the effects of various factors on it, and the crude oil market trends are essential for successful trading.
Technical and Fundamental Analysis: Use knowledge of technical analysis to observe price patterns and use charts to fundamental analysis to understand the economic and political factors influencing the crude oil market.
Risk management: use risk management methods such as using stop-loss and determining the maximum capital for each transaction.
Learning from reliable sources: Reliable pages and sites like Dr. Rezvani's page can provide you with very useful resources for teaching you how to trade crude oil and the principles of investing in this market.
Hence, learning how to trade crude oil from reliable sources and experts like Dr. Rezvani will be vital and effective to help you succeed in the financial markets.
Market update FX, Indices, BTC - missed shorts = opportunityHello Everyone,
Doom & gloom? Not quite. Although i missed some good shorts across the board i am going to be patient and let the price dictate what happens next and what should i do. Sometimes you miss trades, in hindsight, it seemed easy to take a short but it was a 50/50 gamble and i am okay with missing out some trades.
I always follow my plan and i think some USD selling will happen soon unless market has other plans and ofc there are black swan events such as another war. That will fuel up oil prices and most likely inflation with it. So keep an eye on potential conflicts.
In terms of US CPI i have to admit that i was caught by surprise when everything looked super bullish on the charts. The flush on Tuesday seemed like someone leaked the data and apparently that was the case as it was discovered that the bureau of labor statistics gave a heads up to "super users" way too early. I really thought it might've been a de risking event.
Have a great day and hope you enjoyed the update!
Weekly Market Preview: Come See How I Prepare For The Week!In this video I cover my thoughts on the week ahead. I touch on some of overall sentiment but, this video focuses on the week ahead as I take you through my weekly preview practices. This is shortened down version of how I like to prepare but, it should give you a good idea of what I look at before the week starts.
We the following concepts:
Chart analysis
Investor sentiment surveys
High-level Market Breadth
Futures contract reports
I usually cover the percentage of stocks in the S&P500 above their 50 day MA but, I totally forgot to in this video.
The SPFI S&P 500 above their 50 day MA is nearing the apex of a potential double today. Which means it could set up for the measured move objective I mentioned last weekend.
This has to happen before we can continue for bitcoinThese are the level we must hold to continue this move to fill up the volume profile to the value area high.
Lower time frames are giving sings of strength expect for the 1hr it is giving me mixed feelings.
The 8,10,12 and 16 are at critical level can we retest the zero line on market cipher b.
Let see what happens this week!
BTCUSD
Bitcoin falls on Middle East war fears
Is the crypto currency market moves down or up ?
Bitcoin is down more than 6% which could be a sign of the future. Bitcoin ended Friday at $67,138 but is now down more than $4,200 to $62,898.
Rudder markets will have some time to digest this, but I see no way tomorrow's dust will settle by then.
Be with us to learn the language of chart 💹.
We have analysis for you every day.
usdcad
USDCAD Technical Analysis -
The USDCAD pair breaks the key resistance area and extends the rally above the channel.
daily chart,
We can see that USDCAD broke the key resistance of 1.3620 following the hot US CPI report and extended the climb to the top of the channel.
This has opened the door for a climb to the 1/3862 resistance, so buyers will look for buying opportunities on lower timeframes.
On the other hand, sellers want to see the price reach key levels and make a new low.
4 hour chart
The price seems to be struggling a bit to maintain the bullish momentum after such a strong period. From a risk management perspective, buyers will have a much better risk of setting up a trade around the 2.38% Fibonacci retracement level and the 8.61% Fibonacci retracement level, where the trend line also intersects. On the other hand, sellers are looking for breaks below these levels to accumulate and position for new lows.
1 hour chart
We can see that the last move higher is diverging with the MACD, which is generally a sign of weakening momentum that is often followed by a pullback or reversal.
In this case, it can be a signal to pull back towards the base of divergent formation around the level of 1.3640, where we also have the Fibonacci level of 2.38%. This is where we can expect buyers with defined risk to enter below the level to set up for a new high. On the other hand, sellers are looking for a lower breakout for the position for a trend line break.
Catching its breathAfter the dramatic move lower in the S&P 500 on Wednesday, the expectation would be for this market to catch its breath on Thursday. This means another large move lower would not be expected. However, it's important to keep in mind that on Thursday PPI will be released and this could create more dramatic volatility to the downside.
Japan Currency Crash After Rate Hike - Inflation cycle begin A brand-new cycle for the Japanese economy is in the making with a higher inflation to come and a weaker yen.
When the Bank of Japan hiked interest rates for the first time in 17 years, the Japanese Yen instead of strengthening, it crashed.
Micro Japanese Yen Futures
Ticker: MJY
Minimum fluctuation:
0.000001 per JPY increment = $1.25
Japanese Yen Futures & Options
Ticker: 6J
Minimum fluctuation:
0.0000005 per JPY increment = $6.25
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
USDCAD - Analysis using ICT ConceptsEverything was pretty much said in the video.
Basically price reached a higher timeframe Premium Array on the 3D chart, so now I have the expectation of lower prices based on the lower timeframe Premium Arrays, specifically a 2h Sibi.
Today is CPI, so anything can happen. Price can always go above and beyond what is ordinary in such events.
- R2F
MS - Updated Analysis before earnings. Super healthy chartLove what i'm seeing here on Morgan Stanley pre=earnings next Tuesday. I want to see us continue to build liquidity in this very controlled orange selling channel where we can then find yellow to activate and bring us further up for a breakout of orange and beyond. My price target for the next few weeks is in the $99-104 range, earnings dependent.
Obviously, as with any industry, if banks that are announcing earnings on Friday announce positive results, you can expect the rest of the industry to follow. This, in addition to the extremely healthy chart movements, has me very bullish on MS and interested in watching this stock closely.
Happy Trading :)
- TraderDaddyOG