NKE - Doing It ✔️Hello TradingView Family / Fellow Traders,
NKE has been hovering inside a range in the shape of a symmetrical triangle.
Moreover, it is currently sitting around a strong support and round number $100.
🏹 Hence, as long as the $95 support holds, we will be looking for buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
US
TSLA - Are you Ready for the Ride?🚘Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 TSLA has been overall bearish , trading within the falling channel in blue.
However, TSLA is currently approaching the lower bound of the channel acting as a non-horizontal support.
Moreover , it is retesting a strong demand zone at 150 - 165 marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
📚 As per my trading style:
As #TSLA is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Massive US Unemployment Move Inbound
On the FRED:UNRATE dataset, we can see that since 1953, every time the unemployment rate make a significant move above the 24 months SMA, with the sole exception of October '67, we saw a large spike in unemployment allong with a recession.
Currently, FRED:UNRATE rose above the 24 months SMA in August 2023 and has been stochastically moving higher ever since. Historically, this means that we can expect an aggressive move in unemployment in the following months.
UnitedHealth: One Last Dip 💦UnitedHealth's share price has fallen sharply in recent weeks. However, it showed a reaction at the support level of $472.12 and has now risen a little. Our expectation is that it is currently working on the magenta wave (Z), the last sub-wave of the green wave (B). As part of this movement, the price should dip below the support level and form a low there. Only then should the price turn around.
📊 Upcoming PMI Report Analysis 📈PMI Report Update
The PMI Services report is due out in approximately 2 hours. Last month, the index rose from 50.6% to 53.4%. This month, the forecast is slightly lower at 53%.
There is not a significant difference between the actual figure from last month and the forecast. However, the key point is that the figure is above 50.
In general, a higher than expected reading is likely to lead to a rise in the dollar index, while a lower than expected reading is likely to lead to a fall in the dollar index.
If the actual figure is in line with the forecast or there is no significant difference from last month, we do not expect any major market reaction.
Additional Information:
The PMI (Purchasing Managers' Index) is a survey-based measure of economic activity.
A reading above 50 indicates expansion, while a reading below 50 indicates contraction.
The PMI Services report focuses on the services sector of the economy.
The services sector is the largest sector of the economy in most developed countries.
__________
This information is provided for general knowledge purposes only and should not be considered as investment advice. Please consult with a qualified financial advisor before making any investment decisions.
🇺🇸 President Joe Biden’s Bearish Remarks on the USD vs. CNY 🇨
Ladies and gentlemen, my fellow Americans, and all you Zoomers out there, gather 'round! Uncle Joe’s got some thoughts about our greenbacks and those sneaky Chinese Yuan. Buckle up, because we’re diving into the financial rabbit hole. 🐇
1. “The Dollar’s Got Swagger”
You know, folks, the U.S. dollar has been strutting its stuff for centuries. It’s like that cool kid in high school who always had the latest sneakers and a killer mixtape. Well, guess what? The dollar’s still got swagger. 💸
2. “Yuan? More Like Yawn!”
Now, let’s talk about the Chinese Yuan. Sure, it’s got pandas on its bills, but pandas don’t pay the rent, my friends. The Yuan’s like that kid who shows up to the party with a veggie platter. Nice try, but we’re here for the pizza. 🍕
3. “Quantitative Easing? Nah, We’re on a Diet!”
Our Federal Reserve’s been flexing its muscles, printing money like it’s going out of style. But guess what? We’re not on a doughnut binge. We’re on a financial diet. No more QE buffets. 🍩
4. “Trade Wars? More Like Pillow Fights!”
China and the U.S. have been duking it out in trade wars. But honestly, it’s like watching two toddlers in superhero costumes pillow-fighting. Cute, but not exactly world-changing. 🛌
5. “0.11 CNY/USD? That’s a Bargain!”
So, rumor has it the yuan’s gonna dump to 0.11 CNY/USD. Well, let me tell you, that’s practically a yard sale price. Sell one, get one free! 🛒
6. “Zoomers, HODL Your Avocado Toast!”
To my Zoomer pals: Forget avocado toast for a sec. HODL those dollars like they’re vintage Pokémon cards. Trust me, when the Yuan’s doing the cha-cha, you’ll thank me. 🥑💰
7. “Crypto? Nah, I Prefer Monopoly Money!”
And don’t get me started on crypto. It’s like playing Monopoly with invisible cash. Pass Go, collect Bitcoin. But give me that real green paper any day. 💵
In conclusion, my fellow Americans, let’s keep our eyes on the prize. The dollar’s been through wars, recessions, and disco fever. It ain’t backing down. As for the Yuan, well, pandas are cute, but they won’t save your retirement fund. Stay woke, stay dollar-wise, and remember: In Joe we trust (and a little bit of Ben Franklin). 🇺🇸💪
Disclaimer: This post is purely fictional and for entertainment purposes. No actual financial advice here, folks. Consult your financial advisor, not Uncle Joe. 🎩🤝
Crypto vs Stocks - Interesting Times🕝Over the past four days, Bitcoin has surged by 20%, while the US500 index experienced a modest decline of 0.35%.
This notable discrepancy in performance reflects significant market movements, influenced by recent events such as the approval of Bitcoin ETFs and the impending Halving.
Let's delve into these factors and their impact:
📈 Market Sentiment:
The recent approval of Bitcoin ETFs has infused the cryptocurrency market with renewed optimism. Institutional adoption, catalyzed by ETFs, signifies a broader acceptance of Bitcoin as a legitimate investment asset. This approval likely contributed to Bitcoin's surge, as investors seek exposure to the digital currency through regulated avenues.
💲 Halving Anticipation:
Anticipation surrounding the upcoming Bitcoin Halving event is driving market sentiment. Scheduled to occur in a couple of weeks, the Halving will reduce the block reward for miners, diminishing the rate at which new Bitcoins are created. Historically, Halving events have spurred significant price rallies, as reduced supply increases scarcity, potentially leading to upward price pressure. The looming Halving has likely fueled demand for Bitcoin, contributing to its recent surge.
📊 Risk Appetite and Diversification:
Bitcoin's outperformance against the US500 index also underscores varying risk appetites among investors. Cryptocurrencies like Bitcoin attract risk-tolerant investors seeking higher returns, particularly in anticipation of significant events such as the Halving.
🤖Technological Disruption:
Furthermore, Bitcoin's surge highlights the disruptive potential of blockchain technology and decentralized finance. Investors are increasingly recognizing the innovation behind cryptocurrencies, allocating capital towards transformative technologies.
As Bitcoin continues to assert its dominance in the financial landscape, one cannot help but wonder:
Are we witnessing the dawn of a new era in finance, where decentralized assets challenge traditional norms and reshape the way we perceive value?
📚 Always adhere to your trading plan, especially regarding entry points, risk management, and trade execution.
Wishing you all the best of luck!
All Strategies Are Good; If Managed Properly!
~Rich
Republican-led shutdown: What's at Stake for the USD?? Republican-led shutdown: What's at Stake for the USD??
We are four days away from a potential partial government shutdown, and negotiations among lawmakers have yet to produce a resolution.
On Monday, Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, House Speaker Mike Johnson, and House Minority Leader Hakeem Jeffries meet in the Oval Office with the president and vice president to negotiate the conditions to keep the government operational beyond March 1.
Senate Democrats have been expressing frustration, placing blame on House Republicans, particularly criticizing leader Mike Johnson, for the current impasse. Senator Jon Tester, a Montana Democrat, voiced displeasure, stating, "We're doing this every six months. This is bullsh*t.... we need to do what we were elected to do, fund the government, not shut it down," in an interview with CNN.
If no resolution is reached, a partial shutdown is set to commence at 12 a.m. on Saturday.
Notably, the last time the US government was on the precipice of a shutdown (Sept- Oct 2023), the USD kept strengthening against major partners like the Euro, with the USD being seen as a safe haven play.
But last year, there were a few other factors that could have been compounding this USD-buying activity, including the US interest-rate differential and comments from some Fed members making it clear that policy won’t be changing anytime soon. This time, it's maybe not as clear that there are as strong a set of factors pushing for a robust USD.
DXY - Bearish => Bullish 📈📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 As per my last analysis, attached on the chart, DXY rejected the upper bound of the red channel and traded lower.
Currently, DXY is hovering around the lower red trendline acting as a non-horizontal support.
📈 For the bulls to take over, and start the next impulse that would lead to 105.2, a break above the last major high in blue is required.
📉 Meanwhile , DXY would be bearish and can still break the red trendline downward, in this case a continuation till the 103.0 support would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DXY MELTDOWNThe enduring downward trajectory of the USD appears poised to persist in the coming years and even decades. With a staggering $33 trillion debt load that seems insurmountable, coupled with dwindling confidence from international partners who are divesting from the USD, the currency faces significant headwinds. The inevitable repatriation of these dollars to the Federal Reserve, the United States' central bank, exacerbates the downward pressure.
Forecasts indicate that the DXY, reflective of this trend, is likely to dip below $100 and remain there for an extended period. Our analysis underscores this outlook not only for the DXY but also for the USD's performance against other major currencies and assets.
EA - The Game Is Still On ↗️Hello TradingView Family / Fellow Traders,
This is Richard, also known as theSignalyst.
🗒 As per my last analysis, attached to the chart, EA rejected our purple circle zone and traded higher.
Now, what's next?
📈 For the bulls to remain in control and potentially lead to new all-time highs from a macro perspective, a weekly candle close above $150 is needed.
📉 Meanwhile, the bears can still kick in , potentially retesting the lower bound of the orange channel. Here, we will be looking for short-term trend-following buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
All Strategies Are Good; If Managed Properly!
~Rich
DXY - Over-Bought Zone ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 DXY has been overall bullish , trading within the rising wedge pattern in red.
At present, DXY is approaching the upper red trendline acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance zone marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.
📚 As per my trading style:
As #DXY is around the red circle zone, I will be looking for bearish reversal setups (like a top bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NIO - Will Rise From Ashes 🦅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NIO has been overall bearish, trading within the falling wedge pattern in red.
Currently, NIO is hovering around the lower bound of the wedge acting as a non-horizontal support.
Moreover, it is retesting a strong support zone at 5.0 marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline.
📚 As per my trading style:
As #NIO is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
US OIL - ShortWe've observed the price successfully mitigating the latest bearish impulse at the Optimal Trade Entry (OTE) level. Additionally, lower time frames are indicating a break of structure, suggesting a potential shift in the market's character. With the OTE mitigation already in place, our strategy now involves exercising patience and awaiting further developments.
US CRUDE OIL 4H : Support further rise up US CRUDE OIL
New forecast
The price perfectly fulfills my last idea and price reached to our targets +120 pip .
Oil price trading settled above the level of 73.72, heading towards resuming the ascending wave within the ascending channel shown in the chart, where it touched the first positive target at 75.06, and we expect the ascending wave to extend towards 76.23 as the next stop.
Therefore, we expect to witness further rise in the coming sessions with support from the 50 moving average that carries the price from below, keeping in mind that the continuation of the bullish wave requires stability above 72.90 levels.
The expected trading range for today is between support 72.90 and resistance 78.00 until stabilized .
support line : 73.72 , 72.90
resistance line : 75.06 , 76.23
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Quantitative Support in the US1. Liquidity and Investments:
An increase in M2 typically means there is more liquidity in the economy, as consumers and businesses have more cash or cash-equivalents at their disposal. This excess liquidity can lead to increased investment in stocks, including those in the S&P 500, driving up stock prices.
2. Economic Expectations:
A growing money supply can signal that central banks (like the Federal Reserve in the United States) are implementing looser monetary policies, often in response to concerns about economic growth. Lower interest rates and other forms of monetary stimulus can encourage borrowing and investing, leading investors to buy stocks in anticipation of economic recovery or growth, which can push up stock market indices like the SPX.
3. Inflation Expectations:
Over the long term, increases in the money supply can lead to inflationary expectations. If investors believe that inflation will rise, they might choose to invest in assets like stocks, which are seen as a hedge against inflation, because companies can raise prices to maintain their revenues and profits in nominal terms. This shift can drive up stock prices, including those in the S&P 500.
4. Risk Appetite:
An expanding money supply can also affect investor sentiment and risk appetite. With more money available and potentially lower returns from traditional safe investments (like savings accounts or bonds, which might offer lower interest rates when the money supply is growing), investors may turn to the stock market in search of higher returns, driving up equity prices.
S&P can go higher, this depends on the FED
Golilocks continues.
The economy is not going to crash, why?
It's already happened. We had a GFC.
Go to university and do any relevant classes to macroeconomics. You will at some point discuss, or study the GFC. This is so we does not happen again.
Of-course nothing is going to go terrible during a US election year.
Now this does not stop black swan events...
Strong Bullish Momentum in US30
"📈 US30 Bulls Bucking Strong: Analyzing the Dow Jones, it's evident that we're currently witnessing consistent higher highs and higher lows, indicative of an uptrend market. Observing the week-to-week movements, prices show a rise of approximately 2% from low to high and a decline of around 1% from high to low. Given this, my market approach involves patiently waiting for a potential 1% price pullback. Subsequently, I would seek opportunities to go long, placing my stops below the previous low to target a gain of around 2%. Your support for my channel through likes, comments, shares, reposts, and cheers is sincerely valued. Thank you. 🙌🚀"
Big Week For DXY. Short-Term ReviewThis week will be a major one for the US dollar index, as the amount of economic data released from the US might raise volatility of the instrument significantly and spark interest among traders. Apart from the JOLTS, ADP, Chicago PMI, ISM Manufacturing PMI and NFP, we also get the first one of this year’s Fed interest rate decisions on Wednesday. Currently, EASYMARKETS:USXUSD is ranging roughly between the 102.83 and 103.60 levels, meaning that traders and investors are waiting for one of the economic events to bring it out of that sideways action. While the rate stays inside that range, we will remain neutral.
A break above the upper side of the range, at 103.60, may signal the rising appetite of the bulls, as a forthcoming higher high would be confirmed. EASYMARKETS:USXUSD could then travel to the highest point in December, at 104.26. If that doesn’t stop the buyers, the next possible target might be 104.68, which is the low of November 6th.
Alternatively, to consider lower areas, a drop below the lower side of the aforementioned range, at 102.83, which is also marked by the high of January 5th, would also place EASYMARKETS:USXUSD below the 200 EMA on our four-hour chart. Such a move could temporarily spook the bulls from the field, allowing the bears to take control. This may open the door for the rate to slide all the way to the 101.62 territory. That territory is marked near the lows of December 15th and Janay 5th.
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
What Color Is Your Tesla 🚘Hello TradingView Family / Fellow Traders,
On Weekly: Left Chart
TSLA has been hovering inside a range between the $200 support and $300 resistance.
Lately, TSLA has been bearish trading inside the falling blue channel and it is currently approaching the lower bound and $200.0 support.
🏹 Hence , as long as the 185.0 support holds, we will be looking for buy setups on lower timeframes.
On H1: Right Chart
📈 For the bulls to take over, we need a momentum candle close above the last major high in gray at 218.0
📉 Meanwhile , TSLA would be bearish and can still trade lower to dive inside the 185-200 support zone before trading higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Will The Gold Retest To 1980$ After The Attack in the Red Sea ?The Houthis say they are targeting ships which are Israeli-owned, flagged or operated , or which are heading to Israeli ports. However, many have no connections with Israel.
US-led naval forces thwarted many of the attacks.
Major shipping companies have stopped using the Red Sea - through which almost 15% of global seaborne trade usually passes - and are using a much longer route around southern Africa instead.
Gold to 2300$ ? ( XAUUSD Next Move ) After all analysis I have made and 2022-2023 events , the yellow metal TVC:GOLD breaks his highest resistance ever , this week as expected due to the bearish divergence . OANDA:XAUUSD have corrected to his new highest support , so I took long trades from 1982$ zone and my first target is 2120$ , then others are 2300$ . Let's catch up on high traders ;)) !!