#TradeIdea

👉🇪🇺🇨🇭🚀👈EURCHF goes up!

🔥 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.

🔼 Trade: Buy EURCHF
🎯 TP: 0.9680

Smash ❤️ if you are bullish on EURCHF!

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🇻🇦🇯🇵🚀👈USDJPY — 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.

🔼Trade: Buy around 149.25;
🎯TP: 150.85, 151.85;

🫰Are you in?

➡️ TRADE WITH FBS
@fbsanalytics

#InstrumentOfTheWeek

🌟 Introducing the Instrument of the Week 🌟

📣 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!!!

➡️ In addition, to help you make the most of this opportunity, we have carefully prepared Palladium technical analysis just for you:

👀 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.

🔼 If the price overcomes the resistance at 990, the price will go up to 1090 level;
🔽 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.

Press ❤️ if you're bullish on the market's prospects. Hit 💔 if your outlook is bearish! Let's discover which perspective is more prevalent!

➡️ TRADE WITH FBS
@fbsanalytics

#MarketNews

👋 Hello, dear traders! Today is Thursday, March 7, 2024. Let's quickly delve into the key financial highlights of the day:

☄️ 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.

🔥 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.

🇪🇬 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.

🍎 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.

🚗 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.

✈️ 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 €2.7 billion. Despite this, the stock is up 1.04%.

🇪🇺 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.

🇬🇧 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 on ❤️if you liked our review, and see you soon!

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🗽🕛 US500 Outlook!

📊 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.

🔼 Should US500 rebound from the lower trendline, a rise to the 5150 level is anticipated;
🔽 Conversely, a break through the trendline and consolidation below the 5090 support could trigger a decline to the 5040 level.

😺 Do you agree? Share your opinion in the comments👇

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🇪🇺🇻🇦👈EURUSD Analysis!

👀 On the H4, EURUSD is in a short-term uptrend; the price is in a resistance area, creating two possible scenarios.

🔼 If the price overcomes the resistance at 1.0910, we can expect a rise to 1.0970, corresponding to 61.8 Fibonacci;
🔽 However, a rebound from resistance could send EURUSD down to the lower trendline to support at 1.0860.

❓What do you think the EURUSD is bullish or bearish today? Share your opinion in the comments👇

➡️ TRADE WITH FBS
@fbsanalytics

#InstrumentOfTheWeek

⚡️ This week's special offer: Two Instruments⚡️

🎉 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!🎉

🚀 Trading Boost: we have prepared a detailed technical analysis on Platinum to give you a strategic advantage in your trades.

📈 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.

🔼 Trade: Buy Platinum
🎯 TP: 940.00

Smash ❤️if you are going to trade Platinum today!

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🥇🇻🇦🚀👈XAUUSD Forecast!

☕️ Dear traders, brew some tea and prepare for FBS analysts' long-term forecast❗️

⭐️ 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:

😵 Target 1: TP 2300.00;
😵 Target 2: TP 2500.00.

😶‍🌫️ Do you believe the target will be achieved during 2024?

➡️ TRADE WITH FBS
@fbsanalytics

#MarketNews

☀️Happy Friday, dear traders! Look at the major news on this week's last trading session!

☄️ Federal Reserve Chair Jerome Powell indicated the Fed is nearing the confidence required to reduce interest rates, contingent on more evidence that inflation is consistently moving towards the 2% target.

📣 Google (#GOOGLE) has established its first cybersecurity base in Tokyo, the Asia-Pacific region, aiming to bolster cyber countermeasures. Google stock is up 2.27% today.

🇪🇺 Bundesbank President Joachim Nagel anticipates a possible interest rate cut by the European Central Bank before the summer break, contingent on economic data.

✈️ Boeing (#BA) is overhauling its employee bonus structure to prioritize safety and quality. The company's stock is up 1.08%.

🛢 Oil prices increased due to rising demand from the world's largest consumers, the United States and China, alongside optimistic signals from the US Federal Reserve.

🎮 Alibaba's Lingxi Games announces a leadership change, with the current management stepping down to allow a younger team of executives to take over. Alibaba (#ALIBABA) shares were down 1.59%.

🇨🇳 China's electric vehicle sales growth slowed in the first two months of the year compared to the same period in 2023 amid intensifying competition and consumer concerns over EV battery performance in cold weather.

🥇 Gold is on track for its best weekly performance in five months and is hitting record highs as comments from Federal Reserve Chairman Jerome Powell support expectations of a mid-year interest rate cut.

❓ How was your trading week? Share your opinion in the comments!

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🥇🇻🇦🚀👈XAUUSD is flying up!

📈 Gold is rapidly growing and has already overcome the historical maximum. Not so long ago the price held above the 161.8 Fibonacci level and is testing the resistance.

🔼 Trade: Buy XAUUSD on a breakout above 2165
🎯 TP: 2193

Smash 👍 if you will trade this setup!

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉💡▶️⏩XAGUSD Outlook!

⚡️ XAGUSD is in a short-term uptrend, and the price has hit the Fibonacci golden pocket. Despite the rapid rise, the RSI is almost 72, signaling overbought.

🔼 If XAGUSD breaks the resistance of 24.500, the upside is expected to reach the 25.000 level;
🔽 But if silver bounces off the resistance, it will fly down to 24,000 and 23,450 levels.

❓Are you bullish or bearish on XAGUSD? Share your thoughts in the comments👇

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🗽🕛US500 Update!

⭐️ US500 has been in a long-term uptrend for several months, and the price continues to rise. A minor correction to the trend line and further growth are possible as part of further growth.

🔼 Trade: Buy US500 on a breakout above 5170
🎯 TP: 5253

Smash ❤️ if you are bullish on US500!

➡️ TRADE WITH FBS
@fbsanalytics

#LiveStream

💪Are you going to trade the upcoming NFP release today? Cause we are!

➡️Join our US NFP Live Trading Stream today at 15:00 GMT+2!

Our financial analyst and trading expert, Adetola Freeman, will trade live and share trade ideas & market insights with you!

Join and don't miss an opportunity to learn and win with FBS👇

https://www.youtube.com/watch?v=teCC-mYux1I

💥We are live!

Adetola is providing technical analysis of XAUUSD!

➡️Join us: https://www.youtube.com/watch?v=teCC-mYux1I