Market
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@Market - Where we trade:

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2- US Stocks - Top 50
3- XAU/ Gold
4- Dollar Index - DXY
5- Forex - Top 5 Liquid pairs
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Who is in $URGN trade? If anyone in this trade you have already gained +29% 🤑. Will the price hit the golden zone? 👨‍🏫

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$WING (Wingstop Inc.) has broke the ascending channel along with the head and shoulder pattern at the same time, so can possibly more to the downside.
If the dump continued, next buy zone(Fib retracement level) is within $127.11 - $146.12.
If the price wouldn't hold at the fib retracement level, price can possibly go up to the mentioned support levels.

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Weekly Closing prices

🏆SPX500 : 4581.50$

🏆XAUUSD : 1959.35$

🏆DXY : 101.2069$


Top forex liquid Pairs

🔵EURUSD : 1.10169$
🔵USDJPY : 141.166$
🔵GBPUSD : 1.28486$
🔵AUDUSD : 0.66479$
🔵USDCAD : 1.32531$

Stocks

🟢AAPL : 195.83$
🟢MSFT : 338.37$
🟢AMZN : 132.21$
🟢TSLA : 266.44$
🟢OR37 : 350.00$

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Weekly Performances of US Stock Market

🔵Technology services

1.GOOGL : +9.92%
2.ADBE : +1.36%
3.META : +6.87%
4.ORCL : -0.43%
5.CRM : -1.91%

🔵Finance

1. BRK.B : +0.88%
2. JPM : +0.71%
3. BAC : +0.09%
4. MS : -2.86%
5. WFC : -2.19%

🔵Electronic Technology

1. AAPL : +0.89%
2. NVDA : +2.10%
3. AVGO : -0.52%
4. AMD : +1.79%
5. TXN : -1.99%

🔵Health Technology

1. JNJ : +3.75%
2. LLY : -1.49%
3. ABBV : +6.08%
4. MKR : -2.20%
5. PFE : -1.98%

🔵Retail Trade

1. AMZN : +0.66%
2. WMT : +1.27%
3. HD : +3.21%
4. COST : +0.74%
5. CVS : -0.76%

🔵Energy Minerals

1. XOM : 0.00%
2. CVX : +0.85%
3. COP : +3.35%
4. EOG : +5.39%
5. MPC : +5.46%

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A: $F (Ford Motor Company) broke the falling wedge pattern and currently at the retesting area, there is a possibility to retest and move to upside until the golden zone if break the resistance level 1. And also the market is currently at the retracement area.

B: If the market breaks the support level 2, the price can possible to hit $11.3 - $11.5 area and then reverse the market if gained good support and high volume from support level 1.

C: Further dump can be expected if the market lose the support level 1.

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Daily Important Hits (July 31,2023)
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STOCKS INDICES FOREX
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🌍 US futures inch up; stock markets ride higher on cooler inflation.
🌍 Polish bond yields drop slightly on benign July CPI data.
🌍 Choppy yen at three-week low, euro firms after GDP, inflation data.
🌍 Rouble recovers after sliding to over 3-week low following Moscow drone attack.
🌍 Wall St shines, China misses again.
🌍 Gold set for monthly gain on bets for cenbanks' dovish turn.
🌍 Stocks, currencies eye monthly gains; Pakistan rate decision awaited.
🌍 COMMENT-An attractive option for those unsure of FX direction.
🌍 China, HK shares post best month in six on support to private sector.
🌍 Yen at three-week low after BoJ shift but eyes monthly gain.
🌍 S.Korean shares rise nearly 1% on battery, AI boost; post monthly gain.
🌍 Yen snaps three-month losing streak; dollar eyes monthly loss.

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Weekly Opening prices

SPX500 : 4587.04$

XAUUSD : 1959.364$

DXY : 101.704$


🏆Top forex liquid Pairs

🔵EURUSD : 1.10185$
🔵USDJPY : 140.842$
🔵GBPUSD : 1.28527$
🔵AUDUSD : 0.66556$
🔵USDCAD : 1.32536$

🏆Stocks

🟢AAPL : 194.59$
🟢MSFT : 333.39$
🟢AMZN : 129.69$
🟢TSLA : 259.71$
🟢OR37 : 349.0$

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✔️$AAPL (Apple Inc) broke the descending channel and the market is currently forming a rising channel. If the market break the currently forming rising channel's support, the price can possible to hit the support level 1 and then after the golden zone if dumped further. And also market is possible to reverse from the both areas.

✔️If loose the golden zone further dump can be expected until support level 2.

✔️Further note that, upside movement will be continued until the breakout happen to the downside.

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Daily Important Hits (August 01,2023)
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STOCKS INDICES FOREX
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🌍 Gloomy data tempers optimism on global economy.
🌍 FX options wrap - EUR/USD shackles, JPY shift, vulnerable GBP.
🌍 COMMENT-EUR/USD still shackled to yuan, yield influences.
🌍 After getting drilled, energy sector flowing again.
🌍 Sterling falls to three-week low as traders await BoE decision.
🌍 BoE watch: risk of three-way vote split.
🌍 China asks some banks to reduce or delay dollar buying -sources.
🌍 Why the BoJ tweak doesn't support the yen.
🌍 Forint at more than 4-month low, zloty eases from multi-year high.
🌍 Crypto stocks decline as bitcoin touches six-week low.
🌍 South African rand tumbles as risk-off sentiment spikes.
🌍 Rouble steadies after second drone strike on Moscow financial district.

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$UBER is currently at a strong resistance level of a rounding pattern and also it has formed a rising channel as well. The plus point is the market is also at the fib golden zone if $UBER breaks the current resistance we can expect a more upside movement.

If the market breaks the rising channel the price is possible to hit the golden zone 2 and reverse the market.

If the market loses the golden zone 2, can expect downward market movement further.

Further, note that $UBER indicates bearish divergence as well.

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$SOFI broke the double bottom pattern and a strong trend line (Support level 2) and currently holding in support level 3. The price is possible to go up to the golden zone marked in the TA picture.

If the marker loses current support the price can possibly reverse from Support Level 2 and Golden Zone 1.

If the market cannot hold the above-mentioned support levels, further dump can be expected.

It is worth to noting that $SOFI indicates a bearish divergence as well.

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Daily Important Hits (August 02,2023)
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STOCKS INDICES FOREX
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🌍 U.S. Treasury sanguine on U.S. debt demand after Fitch downgrade.
🌍 Seasonal factors point to some type of setback -Carson Group.
🌍 Latam FX hit as US credit downgrade bruises mood, dollar pops.
🌍 Fitch downgrade of US adds to risk of de-dollarization.
🌍 South African rand tumbles as poor PMI data, U.S. downgrade bite.
🌍 Dollar shrugs off Fitch's U.S. downgrade, advances on strong jobs data.
🌍 Private equity flocks to the Baltic.
🌍 Gold retreats as US dollar, bond yields resume climb.
🌍 Wall Street stumbles after Fitch downgrade.
🌍 FX options wrap - AUD and GBP lead volatility protection surge.
🌍 Chip stocks have certainly been crisp.
🌍 TSX futures decline after Fitch downgrades US credit rating.

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✔️ $YELL (Yellow Corporation) rejected from Golden Zone 1 and from trend line 1 as well, currently showing a downtrend movement but it is now in golden zone 2 where an ideal buy zone for buyers as there is a possibility to show an up movement until trend line 1.

✔️ If the market loses the Golden Zone 2, a downtrend movement can be expected until Trend Line 2. Further dump can be expected if the market breaks the trend line 2 to the downside.

✔️ Bullish divergence was spotted in the 4H time frame before the price hike.

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✔️ $MARA (Marathon Digital Holdings, Inc.) is currently at a strong resistance level after breaking out the descending trend line, if the market breaks the current resistance level, the price is possible to hit Golden Zone 1 $42-$55.

✔️ If the market rejects the current resistance and breaks the support level 1, it is possible to show a downtrend moment until golden zone 2 ($11 - $8).

✔️ Further dump can be expected if the market loses golden zone 2 and then support Level 2.

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Daily Important Hits (August 03,2023)
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STOCKS INDICES FOREX
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🌍 BoE ups by 25 bps: relief for real estate.
🌍 Dollar hits 4-week peak, sterling lower after BOE hike.
🌍 TSX futures shed as commodity prices slip on risk off mood.
🌍 UK gilt yields fall, shares gain after BoE raises rates.
🌍 Gold steadies as weaker euro zone data offsets higher dollar, yields.
🌍 Dollar scales 4-week peak, sterling drops before expected BOE hike.
🌍 FX dips on dollar strength, Brazil opts for wider rate cut.
🌍 COMMENT-Norwegian crown may have seen its best.
🌍 On selloff day, beats ain't enough.
🌍 COMMENT-Downgrade rattles traders but they'll probably gamble again.
🌍 Rouble recovers after hitting over 16-month low in early trade.
🌍 Iron ore slump widens as China demand concerns mount.

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Daily Important Hits (August 04,2023)
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STOCKS INDICES FOREX
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🌍 World stocks set for worst week since March; US payrolls in focus.
🌍 Dollar pauses climb ahead of payrolls test, yen on backfoot.
🌍 WEEK AHEAD-Emerging market FX traders may focus positively on data.
🌍 Gold faces biggest weekly fall in six on higher yields.
🌍 Policy hopes boost China stocks, Egypt delivers surprise rate hike.
🌍 Russian rouble hits fresh 16-month lows vs dollar, euro.
🌍 Dollar pauses climb ahead of payrolls test, Aussie firms.
🌍 Czech crown at 2023 low, forint set for third weekly fall.
🌍 S.African rand stable after losing 6% this week; US payroll awaited.
🌍 Philippine peso hits over 3-week low after inflation data.
🌍 View of the week-The dollar may soon resume its decline.
🌍 Dollar loses traction ahead of payrolls test, Aussie firms.

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