#TradeIdea
๐ ๐ป๐ฆ ๐ฏ๐ต ๐ USDJPY Outlook!
๐ธ USDJPY is positioned within a symmetrical triangle, approaching the 150.500 resistance level. The scenarios unfold as follows:
๐ผ Should USDJPY break above the 150.500 resistance, the pathway opens towards the next resistance level of 150.800.
๐ฝ Conversely, if it breaks below the triangle's lower boundary, the price will retreat toward the 150.000 support level.
๐ค Are you on the bullish or bearish side? Share your opinion in the comments.๐
โก๏ธ TRADE WITH FBS
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#TradeIdea
๐ ๐ฅ ๐ป๐ฆ ๐ ๐ XAUUSD Alert!
๐ On the H1, XAUUSD is actively growing and after a small consolidation broke through the level of 2120 and continues to grow.
๐ผ Trade: Buy XAUUSD
๐ฏ TP: 2143
Smashโค๏ธ if you trade Gold today!
โก๏ธ TRADE WITH FBS
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๐ฏ TP: 2143
Smash
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#AIvsAnalyst
๐ AI vs Analyst ๐
โ Hello, dear traders! We continue our AI vs Analyst competition. Will artificial intelligence take revengeโ
๐ Signal from AI:
Asset: USDCHF
Entry Point: 0.8860
Take Profit: 0.8890
Chart Pattern: Pennant (bullish)
๐ Signal from Analyst:
Asset: EURUSD
Entry Point: 1.0855
Take Profit: 1.0870
Analysis: Bullish flag
๐ค vs ๐ง SCORE: [0:1]
โ Who will be right this time? Place your bets in the comments. ๐
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๐ AI vs Analyst ๐
Asset: USDCHF
Entry Point: 0.8860
Take Profit: 0.8890
Chart Pattern: Pennant (bullish)
Asset: EURUSD
Entry Point: 1.0855
Take Profit: 1.0870
Analysis: Bullish flag
@fbsanalytics
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#TradeIdea
๐ ๐ก โถ๏ธ โฉ XAGUSD Update!
โก๏ธ XAGUSD shows rapid growth and is now at a significant resistance level. But the RSI is above 70.0, signaling that silver is overbought.
๐ผ If XAGUSD breaks above the resistance of 24,000, we can expect a rise to 24,500
๐ฝ However, if the price bounces off the resistance, it will fall to 23.500 support
โ What do you think the XAGUSD is bullish or bearish today? Share your opinion in the comments๐
โก๏ธ TRADE WITH FBS
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FBS Analytics
#TradeIdea ๐ ๐ป๐ฆ ๐จ๐ญ ๐ All eyes on USDCHF! ๐ USDCHF is trending upwards within the H1 timeframe, having rebounded from the upper boundary of the channel and the resistance level of 0.8760. The next movement of the asset may unfold in two possible scenarios: โฆ
#TradeIdea
๐ ๐ป๐ฆ ๐จ๐ญ ๐ USDCHF Outlook!
๐ USDCHF is testing a 38.2 Fibonacci and a 0.8850 support level. The next movement of the asset may unfold in two possible scenarios:
๐ผ Rebound of 0.8850 support level will push the asset to 0.8880 level.
๐ฝ Alternatively, a breach below the 38.2 Fibonacci ratio will drop the asset to 0.8820 level.
โ Do you expect a bullish or bearish move today? Share in the comments. ๐
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โโ#Education
๐Today we're going to talk about one of the most important aspects of successful trading: keeping a trading journal.
A trading journal is a record of all your trades, including the entry and exit prices, the size of the position, the reason for taking the trade, and any other relevant details. While it may seem like a tedious task, keeping a trading journal can have a significant impact on your trading performance.
Here are some reasons why:
1๏ธโฃHelps to identify patterns and improve your trading strategy
By keeping a trading journal, you can analyze your trades and identify patterns that may be affecting your performance. For example, you may notice that you tend to have more winning trades in the morning, or that you consistently lose money when trading a certain currency pair. Armed with this information, you can adjust your trading strategy accordingly and improve your overall results.
2๏ธโฃProvides accountability
When you write down your trades, you are holding yourself accountable for your decisions. This can help you to avoid impulsive trades and make more thoughtful, well-planned decisions.
3๏ธโฃHelps to manage emotions
Emotions can have a significant impact on your trading performance. By recording your emotions during each trade, you can start to recognize patterns and learn how to manage them. For example, you may notice that you tend to get anxious when your trades are in the red, and that this anxiety leads you to make poor decisions. By recognizing this pattern, you can work on managing your emotions and making better trading decisions.
4๏ธโฃProvides a record for tax purposes
If you are trading for income, it is important to keep accurate records for tax purposes. A trading journal can help you to keep track of your profits and losses, making it easier to file your taxes at the end of the year.
In conclusion, keeping a trading journal is an essential part of successful trading. It can help you to identify patterns, improve your trading strategy, hold yourself accountable, manage your emotions, and keep accurate records for tax purposes.
๐Today we're going to talk about one of the most important aspects of successful trading: keeping a trading journal.
A trading journal is a record of all your trades, including the entry and exit prices, the size of the position, the reason for taking the trade, and any other relevant details. While it may seem like a tedious task, keeping a trading journal can have a significant impact on your trading performance.
Here are some reasons why:
1๏ธโฃHelps to identify patterns and improve your trading strategy
By keeping a trading journal, you can analyze your trades and identify patterns that may be affecting your performance. For example, you may notice that you tend to have more winning trades in the morning, or that you consistently lose money when trading a certain currency pair. Armed with this information, you can adjust your trading strategy accordingly and improve your overall results.
2๏ธโฃProvides accountability
When you write down your trades, you are holding yourself accountable for your decisions. This can help you to avoid impulsive trades and make more thoughtful, well-planned decisions.
3๏ธโฃHelps to manage emotions
Emotions can have a significant impact on your trading performance. By recording your emotions during each trade, you can start to recognize patterns and learn how to manage them. For example, you may notice that you tend to get anxious when your trades are in the red, and that this anxiety leads you to make poor decisions. By recognizing this pattern, you can work on managing your emotions and making better trading decisions.
4๏ธโฃProvides a record for tax purposes
If you are trading for income, it is important to keep accurate records for tax purposes. A trading journal can help you to keep track of your profits and losses, making it easier to file your taxes at the end of the year.
In conclusion, keeping a trading journal is an essential part of successful trading. It can help you to identify patterns, improve your trading strategy, hold yourself accountable, manage your emotions, and keep accurate records for tax purposes.
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#TopoftheWeek
๐คจ Who hit the top, and who hit the bottom last week? Check it out with a new report from FBS โ
๐ Top gainers:
๐ข Dell shares surged 31% to $124.59 on Friday as the announcement of fiscal fourth-quarter earnings exceeded expectationsโ.
๐ข February's 4.0% inflation supported AUD. January's building permits fell 1.0%, better than a 10.1% drop. January's CPI of 3.4% hinted at a possible RBA rate cut later this year.
๐ Top losers:
๐ Beyond Meat failed to submit its annual report due to technical issues. The delay adversely affected its stock price.
๐ Switzerland's unexpected inflation decline in January could lead to an SNB rate cut in March.
โ How was your trading last week? Write in the comments๐
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#MarketNews
โ๏ธ Happy Wednesday, dear traders! Let's check the news moving the financial markets today:
๐ The Arizona Senate is pushing initiatives to incorporate cryptocurrency into state-run pension funds. BTCUSD is currently valued at 65812.
๐ข Experts have raised their Brent oil price forecast for 2024 to $85 in response to OPEC+'s extension of voluntary supply cuts. XBRUSD is at 82.01.
โ ๏ธ High interest rates and falling commercial real estate prices pose a significant risk to the US banking system, with up to a third of it potentially at riskโIMF warns of the risks of new bank bankruptcies in the US.
๐ The US500 index fell even lower as the tech giants of the "Magnificent Seven" lost a market capitalization of $233 billion on Tuesday, causing a sharp drop in American stocks. US500 stands at 5088.
๐ฅ Due to Houthi shelling, cables in the Red Sea were damaged, disrupting internet traffic.
๐ Apple has decided against hosting a spring event for its latest device launches, opting to introduce new products directly on its website. Apple shares stand at 170.12.
โ Facebook and Instagram experienced a global outage on Tuesday, causing the platforms to be unavailable. #Meta shares are currently at 490.29.
๐ Tesla shares dropped 7% amid declining electric car sales in China. Tesla is currently priced at 180.70.
That's it for today, guys! Click on โค๏ธif you liked our review, and see you soon!
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๐ข Experts have raised their Brent oil price forecast for 2024 to $85 in response to OPEC+'s extension of voluntary supply cuts. XBRUSD is at 82.01.
That's it for today, guys! Click on โค๏ธif you liked our review, and see you soon!
@fbsanalytics
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#TradeIdea
๐ ๐ฆ๐บ ๐ป๐ฆ ๐ AUDUSD Analysis!
๐ On the H1 timeframe, AUDUSD is challenging the 38.2% Fibonacci retracement, coinciding with the 0.6520 resistance level.
๐ผ Surpassing the 0.6520 resistance could lead towards the golden Fibonacci ratio and the 0.6550 level.
๐ฝ A corrective pullback may send the asset down to 0.6480.
โ Are you on the bullish or bearish side?
โก๏ธ TRADE WITH FBS
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๐ ๐ช๐บ ๐จ๐ญ ๐ ๐ EURCHF goes up!
๐ฅ EURCHF is in a long-term uptrend; moving averages also confirm further growth. The price recently broke through the 0.9610 level, opening growth opportunities.
๐ผ Trade: Buy EURCHF
๐ฏ TP: 0.9680
Smash โค๏ธ if you are bullish on EURCHF!
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๐ฏ TP: 0.9680
Smash โค๏ธ if you are bullish on EURCHF!
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#TradeIdea
๐ ๐ป๐ฆ ๐ฏ๐ต ๐ ๐ USDJPY โ pump is coming!
While the price was consolidating inside the range, the RSI significantly declined, highlighting the substantial opportunity for more increase. Currently, the pair is right above the lower border of the horizontal range, so buyers can look for entry points near this support level.
๐ผ Trade: Buy around 149.25;
๐ฏTP: 150.85, 151.85;
๐ซฐ Are you in?
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While the price was consolidating inside the range, the RSI significantly declined, highlighting the substantial opportunity for more increase. Currently, the pair is right above the lower border of the horizontal range, so buyers can look for entry points near this support level.
๐ฏTP: 150.85, 151.85;
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#InstrumentOfTheWeek
๐ Introducing the Instrument of the Week ๐
๐ฃ Attention everyone! We've slashed spreads on Palladium for an entire week, offering you a prime chance to explore this trading pair like never before!!!
โก๏ธ In addition, to help you make the most of this opportunity, we have carefully prepared Palladium technical analysis just for you:
๐ On the H4, Palladium is in a long-term bearish trend, but the short-term movement is upward. The price is approaching a significant resistance, but two scenarios are possible.
๐ผ If the price overcomes the resistance at 990, the price will go up to 1090 level;
๐ฝ Otherwise, a rebound from the resistance will drop the price to 910.00, and with a further fall, the price will rally to the support at 860.00.
Pressโค๏ธ if you're bullish on the market's prospects. Hit ๐ if your outlook is bearish! Let's discover which perspective is more prevalent!
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Press
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๐ง What do you expect from Palladium in the long term?
Anonymous Poll
76%
๐ข It will break the bearish trend and go up.
24%
๐ด Of course, it will continue to fall sharply.
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FBS Analytics pinned ยซโจWant to receive fresh signals and analysis faster? โจ Help us launch FBS analytics on stories! ๐ Boost your account, and we'll assist you! ๐ We're giving away 10 Telegram Premium๐ ๐ปParticipation conditions: ๐React to this post ๐ ๐Share the post with friendsโฆยป
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#MarketNews
๐ Hello, dear traders! Today is Thursday, March 7, 2024. Let's quickly delve into the key financial highlights of the day:
โ๏ธ Federal Reserve Chair Jerome Powell emphasized the need for more assurance on inflation reduction before considering rate cuts, suggesting it might be appropriate to lower rates later this year.
๐ฅ Gold prices rose to a record $2157.5 an ounce this week, driven by investor interest amid expectations of interest rate cuts by global central banks and further price gains.
๐ช๐ฌ The Egyptian pound's exchange rate plummeted following the Central Bank of Egypt's decision to allow its value to be determined by market mechanisms, resulting in a 63% increase in the dollar's value.
๐ Apple's stock has fallen for six consecutive days, resulting in a $352 billion loss in market value this year, allowing Microsoft to surpass it as the largest US company. Apple (#APPLE) shares are down 0.59% today.
๐ For the first time in 13 months, Tesla is no longer among the top 10 largest US companies by market capitalization, surpassed by Visa. Tesla (#TESLA) shares are down 2.35% for the day.
โ๏ธ Lufthansa (#LHA) has lowered its 2024 operating margin target to 7.6% due to rising costs and labor disputes despite reporting a 76% increase in 2023 operating profits to โฌ2.7 billion. Despite this, the stock is up 1.04%.
๐ช๐บ The European Central Bank is expected to maintain the deposit rate at 4% for the fourth consecutive meeting, with new economic projections likely strengthening the case for initiating rate cuts later in the year.
๐ฌ๐ง The UK's Office for Budget Responsibility reports the economy is on track for a 4% reduction in potential productivity due to Brexit, aligning with long-term predictions of a 15% decline in trade.
That's it for today, guys! Click onโค๏ธ if you liked our review, and see you soon!
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๐ Apple's stock has fallen for six consecutive days, resulting in a $352 billion loss in market value this year, allowing Microsoft to surpass it as the largest US company. Apple (#APPLE) shares are down 0.59% today.
That's it for today, guys! Click on
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#TradeIdea
๐ ๐ฝ ๐ US500 Outlook!
๐ US500 is currently testing the lower border of the rising wedge and the 5090 support level, with the 200-day moving average (200-MA) also lending support.
๐ผ Should US500 rebound from the lower trendline, a rise to the 5150 level is anticipated;
๐ฝ Conversely, a break through the trendline and consolidation below the 5090 support could trigger a decline to the 5040 level.
๐บ Do you agree? Share your opinion in the comments๐
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#TradeIdea
๐ ๐ช๐บ ๐ป๐ฆ ๐ EURUSD Analysis!
๐ On the H4, EURUSD is in a short-term uptrend; the price is in a resistance area, creating two possible scenarios.
๐ผ If the price overcomes the resistance at 1.0910, we can expect a rise to 1.0970, corresponding to 61.8 Fibonacci;
๐ฝ However, a rebound from resistance could send EURUSD down to the lower trendline to support at 1.0860.
โ What do you think the EURUSD is bullish or bearish today? Share your opinion in the comments๐
โก๏ธ TRADE WITH FBS
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#InstrumentOfTheWeek
โก๏ธ This week's special offer: Two Instrumentsโก๏ธ
๐ Amazing Update: this week, we offer an incredible deal, cutting Platinum spreads by 50%!!! This is an excellent chance for you to trade at exceptionally favorable conditions!๐
๐ Trading Boost: we have prepared a detailed technical analysis on Platinum to give you a strategic advantage in your trades.
๐ On the H4, Platinum formed a falling wedge pattern, and the price broke the upper trend line and rushed upwards. Also, the price broke 915.00, which confirms further growth.
๐ผ Trade: Buy Platinum
๐ฏ TP: 940.00
Smash โค๏ธif you are going to trade Platinum today!
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๐ฏ TP: 940.00
Smash โค๏ธif you are going to trade Platinum today!
@fbsanalytics
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Will you trade Platinum today?๐ฐ
Anonymous Poll
30%
โ
Definitely, yes!
18%
๐ค I don't know yet...
27%
โ No, I won't.
25%
๐ฅ I only trade in Gold!
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#TradeIdea
๐ ๐ฅ ๐ป๐ฆ ๐ ๐ XAUUSD Forecast!
โ๏ธ Dear traders, brew some tea and prepare for FBS analysts' long-term forecastโ๏ธ
โญ๏ธ In the 1-month timeframe, XAUUSD formed a 'Cup and Handle Pattern", which signals bullish momentum.
The asset has already broken above the resistance line and rushed to the top:
๐ต Target 1: TP 2300.00;
๐ต Target 2: TP 2500.00.
๐ถโ๐ซ๏ธ Do you believe the target will be achieved during 2024?
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The asset has already broken above the resistance line and rushed to the top:
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