Forwarded from R.Linda Individual #gold
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πΊπΈ Core PCE Price Index (YoY) (Apr)
πΊπΈ Core PCE Price Index (MoM) (Apr)
πΊπΈ Core PCE Price Index (YoY) (Apr)
πΊπΈ Core PCE Price Index (MoM) (Apr)
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The Federal Reserveβs preferred measure of inflation β Personal Consumption Expenditures (PCE) β rose 2.7% in April from the same time span last year. The print assuaged investorsβ fears over spiraling inflation and solidified expectations of interest rate cuts by the US central bank.
The news sent the EUR/USD higher by about 40 pips, extending Thursdayβs run into a second consecutive session. The falling dollar logged modest losses across the board with the USD/JPY dropping slightly toward the 157.00 mark. Futures contracts tied to the major stock averages dipped in red ahead of Fridayβs opening bell.
Controlled inflation is likely to see investors clock out of work in a good mood. Previously, concerns over rising price pressures had dented optimism over the highly-anticipated lowering of borrowing costs. With this report, the Fed is more likely to revisit the rate-cut narrative and update its outlook
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The news sent the EUR/USD higher by about 40 pips, extending Thursdayβs run into a second consecutive session. The falling dollar logged modest losses across the board with the USD/JPY dropping slightly toward the 157.00 mark. Futures contracts tied to the major stock averages dipped in red ahead of Fridayβs opening bell.
Controlled inflation is likely to see investors clock out of work in a good mood. Previously, concerns over rising price pressures had dented optimism over the highly-anticipated lowering of borrowing costs. With this report, the Fed is more likely to revisit the rate-cut narrative and update its outlook
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πΉSep11-Oct01 +132%
πΉOct02-Oct08 +101%
πΉOct09-Oct22 +128%
πΉOct23-Oct29 +344%
πΉOct30-Nov05 +278%
πΉOct30-Nov05 +278%
πΉNov06-Nov12 +218%
πΉFor November +343%
πΉFor December +815%
πΉFor January +46%
πΉFor February +838%
πΉFor March +278%
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Hi friends, so shall we talk about the cryptocurrency market today? π
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R. Linda Trading
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ETH breaks the resistance of consolidation pattern amid the news related to the approval of ETH-ETF. The reaction was premature, on rumors, and now the market is consolidating
Many wondered why there was not a strong surge and rally after the news. Reason: The rise from 3100 to 3850, almost 24% in a few hours, which followed due to the rumors about the approval of ETH-ETF was already embedded in the reaction, so the market did not have the potential to go up further, as there was strong resistance ahead, it would not have had enough strength.
Now, ETH is forming consoidation to go up. The candlestick patterns on both W1, D1 and H4 form interesting bullish premises indicating that it is the buyer who is assembling a position with the aim of breaking the 3830-3950 resistance with the aim of rallying and updating ATH.
Resistance levels: 3830, 3952, 4086
Support levels: 3730, 3660
Technically, a correction is forming. Within the correction the market is in consolidation. The correction will end when the price breaks through and consolidates above the mentioned resistance zones. Emphasis on 3830, as well as on the descending resistance at the local highs
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#ETHUSD
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R. Linda Trading
#Bitcoin #BTCUSD Let's analyze the situation on high timeframes (D1, W1) Consolidation is forming on W1 and a big player is collecting a position from the whole crowd of both buyers and sellers. There is no reason to overcome ATH 73500 yet. On D1 we seeβ¦
#BTCUSD
A few words about bitcoin.
The price is still in consolidation. Now we need to watch for the reaction to the mentioned area (near 67250-67000-66750 support).
If the bulls hold, then the price will head towards the resistance. But, most likely, the market has not yet accumulated the proper potential and the price may go deeper and test the support at 64500 before going up.
But, there is no talk about a crash or a global fall now.
If you are interested, open the chart on the weekly timeframe and you will see that after a strong growth the price does not fall, but consolidates.
It takes a lot of energy to move a coin that trades tens of billions of dollars a day.
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A few words about bitcoin.
The price is still in consolidation. Now we need to watch for the reaction to the mentioned area (near 67250-67000-66750 support).
If the bulls hold, then the price will head towards the resistance. But, most likely, the market has not yet accumulated the proper potential and the price may go deeper and test the support at 64500 before going up.
But, there is no talk about a crash or a global fall now.
If you are interested, open the chart on the weekly timeframe and you will see that after a strong growth the price does not fall, but consolidates.
It takes a lot of energy to move a coin that trades tens of billions of dollars a day.
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CryptoQuant points out the similarity of the BTC situation in mid-2020 and now: there was also a sharp increase in the number of large wallets accumulating BTC then, and the activity of whales in the network was also very high then. Back then, under such conditions, BTC traded at $10,000 for a few months before making a huge rise
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Kashkari (Fed): Fed Funds rate should remain at current level unchanged for 'long' time
Bostic (Fed): I do not expect an interest rate cut in July
Williams (Fed): Inflation is still too high, but I expect a decline in the second half of 2024
PS:
Overall, the general stance of policymakers is in favor of maintaining an expensive dollar against the backdrop of high inflation
But, once they lower the interest rate (take the first step), it will really shake up the market. Gold could fly up as well as the forex market.
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Bostic (Fed): I do not expect an interest rate cut in July
Williams (Fed): Inflation is still too high, but I expect a decline in the second half of 2024
PS:
Overall, the general stance of policymakers is in favor of maintaining an expensive dollar against the backdrop of high inflation
But, once they lower the interest rate (take the first step), it will really shake up the market. Gold could fly up as well as the forex market.
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R. Linda Trading
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EURUSD is testing the 1.0884 resistance again after breaking the local channel. But it does not lead to success, as the bears are not letting the price up yet amid the complex fundamental environment
Technically, the currency pair is under a strong resistance zone. The limit level of 1.0884, formed by a big seller, continues to have a negative impact on the price. EURUSD may test 1.0802 in the near future. It is necessary to monitor the price reaction to this area. A quick retest or consolidation could be a prerequisite for a downside breakout and further fall to the lower boundary of the global range at 1.0606
Resistance levels: 1.0884, 1.0942
Support levels: 1.0802, 1.0736
I expect that the bears will continue to dominate the market on the background of the expensive dollar, which may lead to the fact that the currency pair may lose up to 2.0-2.5% of its value.
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#EURUSD πͺπΊ/πΊπΈ
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R. Linda Trading
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GOLD has been updating the low to 2314 since the opening of the session and is forming a correction within which it is testing the previously broken consolidation support. The fall may continue from the liquidity area
The fundamental and technical background for gold is negative at the moment. A possible area of interest for the market may be the area of 2305 - 2280. Accordingly, based on the general data, we can assume that a retest of the resistance area 2328-2336 may end in a false breakdown with a subsequent decline to the targets indicated on the chart. There is a possibility of price entry into the range and an attempt to rise to 2354, but in general, it will be regarded as an attempt to gather a more liquid position before reaching a global and promising target.
Let me remind you that globally we have a bullish trend, within which a local bearish trend is forming
Resistance levels: 2328, 2336, 2354
Support levels: 2306, 2285
It is worth to keep an eye on the mentioned resistance areas. False breakdown followed by price consolidation below the mentioned zone will be a confirmation of bears' readiness to go down.
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#XAUUSD
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Brief overview and determination of FOREX direction
#EURUSD πͺπΊ/πΊπΈ - SHORTπ
Struggle for level. Earlier we discussed the situation. High probability of falling from resistance
#GBPUSD π¬π§/πΊπΈ - SHORTπ
Consolidation between levels. Struggle against the backdrop of unstable environment. A break of 1.2709 could trigger a strong downward momentum
#NZDUSD π³πΏ/πΊπΈ - SHORTπ
A small upward movement for liquidity. The area of interest is 0.62181. It is possible to decrease on the background of strong dollar
#AUDUSD π¦πΊ/πΊπΈ - SHORTπ
False breakout. Sellers are not letting the currency pair beyond the resistance yet. A breakdown of 0.66 will provoke a strong downward impulse.
#USDJPY πΊπΈ/π―π΅ - LONGπ
Slight correction before reaching a strong liquidity area. Growth may continue as the JPY continues to weaken
#USDCAD πΊπΈ/π¨π¦ - SHORTπ
The retest of 1.3632 with the purpose of breakthrough and further fall. The Canadian is weakening against the general background. We are waiting for a downside attempt to 1.3477
#USDCHF πΊπΈ/π¨π - LONGπ
Consolidation within the range. The market maker is not ready to release the price beyond 0.900. We are waiting for a false breakdown and growth to resistance
#DXYπ² (Dollar) - LONG π
The dollar is in consolidation, but the general situation is such that it will not get cheaper yet. A false breakdown of support before further growth is possible
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#EURUSD πͺπΊ/πΊπΈ - SHORT
Struggle for level. Earlier we discussed the situation. High probability of falling from resistance
#GBPUSD π¬π§/πΊπΈ - SHORT
Consolidation between levels. Struggle against the backdrop of unstable environment. A break of 1.2709 could trigger a strong downward momentum
#NZDUSD π³πΏ/πΊπΈ - SHORT
A small upward movement for liquidity. The area of interest is 0.62181. It is possible to decrease on the background of strong dollar
#AUDUSD π¦πΊ/πΊπΈ - SHORT
False breakout. Sellers are not letting the currency pair beyond the resistance yet. A breakdown of 0.66 will provoke a strong downward impulse.
#USDJPY πΊπΈ/π―π΅ - LONG
Slight correction before reaching a strong liquidity area. Growth may continue as the JPY continues to weaken
#USDCAD πΊπΈ/π¨π¦ - SHORT
The retest of 1.3632 with the purpose of breakthrough and further fall. The Canadian is weakening against the general background. We are waiting for a downside attempt to 1.3477
#USDCHF πΊπΈ/π¨π - LONG
Consolidation within the range. The market maker is not ready to release the price beyond 0.900. We are waiting for a false breakdown and growth to resistance
#DXY
The dollar is in consolidation, but the general situation is such that it will not get cheaper yet. A false breakdown of support before further growth is possible
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For the trading week from:
27.05 to 31.05
Total result +498 pips
Trade 0.1 lot: +498$
Trade 1 lot: +4980$
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πΈFeb05-Feb09 Profit -105
πΈFeb12-Feb16 Profit +546
πΈFeb19-Feb23 Profit +605
πΈFeb26-Mar01 Profit +231
For February: +1277 pips!
πΈMar04-Mar08 Profit +49
πΈMar11-Mar15 Profit +148
πΈMar18-Mar23 Profit +20
πΈMar25-Mar29 Profit +510
For March: +727 pips!
πΈApr01-Apr05 Profit +34
πΈApr08-Apr12 Profit +11
πΈApr15-Apr19 Profit +1043
πΈApr22-Apr26 Profit +392
For April: +1480 pips!
πΈApr29-May03 Profit +551
πΈMay06-May10 Profit +409
πΈMay13-May17 Profit +513
πΈMay20-May24 Profit +307
For May: +1780 pips!
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27.05 to 31.05
Total result: 241 pips!
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π Feb05-Feb09 +613 pips
π Feb12-Feb16 +435 pips
π Feb19-Feb23 +438 pips
π Feb26-Mar01 +291 pips
For February: +1777 pips!
π Mar04-Mar08 +318 pips
π Mar11-Mar15 +313 pips
π Mar18-Mar22 -18 pips
π Mar25-Mar29 +354 pips
For March: +967 pips!
π Apr01-Apr05 +430 pips
π Apr08-Apr12 +213 pips
π Apr15-Apr19 +612 pips
π Apr22-Apr26 +474 pips
For April: +1729 pips!
π Apr29-May03 +504 pips
π May06-May10 +116 pips
π May13-May17 +421 pips
π May20-May24 +528 pips
For May: +1569 pips!
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With leverage 1x the result is: +508%
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With 1οΈβ£x leverage
πΉJul03-Jul09 +87%β
πΉJul10-Jul16 +299%β
πΉJul17-Jul23 +167%β
πΉJul24-Aug13 +75%β
πΉSep04-Sep10 +47%β
πΉSep11-Oct01 +132%β
πΉOct02-Oct08 +101%β
πΉOct09-Oct22 +128%β
πΉOct23-Oct29 +344%β
πΉOct30-Nov05 +278%β
πΉOct30-Nov05 +278%β
πΉNov06-Nov12 +218%β
πΉFor November +343%β
πΉFor December +815%β
πΉFor January +46%β
πΉFor February +838%β
πΉFor March +278%β
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β β β β
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R. Linda Trading
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TON is starting to show bullish potential. This is quite interesting for us, because, in general, the coin's potential is huge. BTC momentum could push the coin to rally
The bulls have held the defense above 5.985, forming an intermediate bottom. In the current range, the 6.45 - 6.65 area, where the maximum number of coins have been traded (bought), is a zone of interest for the big player and he will try to defend it. The range of market accumulation is 7.23 - 6.23. Until the price leaves this range, the market will be flat.
It is worth paying attention to the local descending resistance. There is an attempt to break through it and the price may strengthen to 7.23. The whole emphasis is on this area. A correction or pre-breakout consolidation may form before the breakout.
Resistance levels: 7.23, 7.67
Support levels: 6.7, 6.23
I am waiting for the retest of 7.23. It is interesting to see the reaction from which it will be possible to form further strategy (pullback or breakout). The probability of a breakout is increasing on the background of a strong bitcoin.
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#TONUSDT
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GOLD is strengthening after a false breakdown of range support and is testing resistance with a subsequent bounce. Price is forming a flat and is not ready to go up or down yet. There are reasons for this:
Traders are waiting for news that will start to be released in the second half of this week starting Wednesday. The focus is on ISM PMI, Initial Jobless Claims, NFP. Accordingly, I would recommend watching the flat for now: 2354 - 2328 (2320). Most likely the price will be inside this consolidation for some time, the dollar is also standing still. Perhaps there will be an attempt to breakout (false breakout) or even a retest of more distant levels, but in general, due to the fact that there are no major players in the game yet, who are not eager for pre-temporal action, the price will consolidate within the specified range.
Resistance levels: 2354, 2374
Support levels: 2328, 2322, 2315
A quick approach to the liquidity zone may lead to a rebound or a false breakdown, accordingly, there is a chance to see local strengthening. We are looking at an intra-range trading strategy.
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#XAUUSD
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#USDJPY is slightly changing the background due to the weakening of the dollar index. Traders are realigning their positions.
I don't think this can last, although, at the moment, it all depends on the coming news.
There is liquidation in the USDJPY market and this is seen as buyers are selling off their positions (capitulating)
I would keep an eye on the zones: 154.7 (possible false breakdown on the background of the beginning of the dollar strengthening), 153.7
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I don't think this can last, although, at the moment, it all depends on the coming news.
There is liquidation in the USDJPY market and this is seen as buyers are selling off their positions (capitulating)
I would keep an eye on the zones: 154.7 (possible false breakdown on the background of the beginning of the dollar strengthening), 153.7
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#AUDUSD
The Australian dollar fell against a strengthening U.S. dollar and underperformed other major currencies in early European trading on Tuesday after local data pointed to a weak first-quarter GDP result due for release on Wednesday.
The Australian Bureau of Statistics earlier reported that net trade contracted 0.9% in Q1 and corporate profits fell 2.5%, much larger than the 0.9% drop expected by consensus.
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The Australian dollar fell against a strengthening U.S. dollar and underperformed other major currencies in early European trading on Tuesday after local data pointed to a weak first-quarter GDP result due for release on Wednesday.
The Australian Bureau of Statistics earlier reported that net trade contracted 0.9% in Q1 and corporate profits fell 2.5%, much larger than the 0.9% drop expected by consensus.
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