#meme

🎉 Happy Saturday, traders!🎉

🔥 What a wild ride this week! How did you do? Share your experiences and trades in the comments! 💬

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#LiveStreamAlert

⭐️ Happy Sunday, Traders! ⭐️

⏰ Mark your calendars! Join our Weekly Outlook Stream Featuring the Upgraded FBS App with Adetola Freeman!

📆 Tune in on 06.05.2024 at 16:00 GMT+3 (MetaTrader time). Adetola Freeman from FBS will provide expert insights and in-depth analysis to prepare you for the week ahead in the financial markets.

🎞 Don’t miss this opportunity to stay informed and ahead of the game! Gain valuable knowledge and actionable strategies to navigate the markets effectively. See you there!

https://www.youtube.com/watch?v=n5chPhAVdk0

#MarketNews

👋 Good morning, dear traders! How are you? Let’s discuss the most exciting news for the beginning of the week.

📆 Economic calendar

The time zone is GMT+3. Check your time zone here: https://www.timeanddate.com/time/map/

Monday
1️⃣ CHF 15:25, SNB Chairman Jordan Speaks

Tuesday
1️⃣ AUD 07:30, Cash Rate
2️⃣ AUD 07:30, RBA Monetary Policy Statement
3️⃣ AUD 07:30, RBA Rate Statement

Wednesday
1️⃣ USD 20:01, 10-y Bond Auction

Thursday
1️⃣ GBP 14:00, BOE Monetary Policy Report
2️⃣ GBP 14:00, Official Bank Rate
3️⃣ GBP 14:30, BOE Gov Bailey Speaks
4️⃣ USD 15:30, Unemployment Claims
5️⃣ USD 20:01, 30-y Bond Auction

Friday
1️⃣ GBP 9:00, GDP m/m
2️⃣ CAD 15:30, Employment Change
3️⃣ CAD 15:30, Unemployment Rate
4️⃣ USD 17:00, Prelim UoM Consumer Sentiment

📰 News to keep you updated:

🇪🇺 The Euro zone's economy, currently at a turning point, is awaiting a surge in consumer spending, encouraged by rising wages, easing inflation, and potential ECB interest rate cuts.

🇦🇺 Australia's central bank is expected to maintain its key interest rate at a 12-year high amid strong job market conditions to address ongoing inflation concerns.

🇨🇳 Chinese President Xi Jinping begins his European tour in Paris. He aims to reset ties with France and visit Serbia and Hungary. HK50 is up 0.58% today.

🥇 Gold prices rose as a weaker dollar, and expectations of Federal Reserve rate cuts following disappointing US payroll data boosted the metal's appeal.

📈 Oil prices increased as tensions in Gaza escalated and Saudi Arabia raised its crude prices, with slim prospects for a ceasefire impacting the central oil-producing region.

🔥 Warren Buffett reduced his stake in Apple by 13% in the first quarter, selling 115 million shares for $790 million while increasing his cash holdings to $189 billion.

That's it for today, guys! Click on ❤️if you liked our review, and see you soon!

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#TradeIdea

👉💡▶️⏩BTCUSD is Rising!

📈 On the H4, BTCUSD broke the downtrend, and the price reached critical resistance. Bitcoin has broken through the resistance of 65000 and rose above MA200, so we can consider the possibility of further upside.

🔼 Trade: Buy BTCUSD;
🎯TP: 67000;

Smash ❤️ if you agree!

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👉🥇🇻🇦🚀👈XAUUSD Looks Bullish!

🥇 On the H2, XAUUSD broke above the upper border of the bullish falling wedge and aimed for crucial 2327 resistance. The momentum oscillator crosses the 100 line, giving an extra bullish sentiment. However, a 50- and 100-MA provide resistance to the price.

🔼 Trade: Buy XAUUSD on a break and consolidation above the 2327 resistance;
🎯 TP1: 2360;
🎯 TP2: 2400.

Smash ❤️ if you trade XAUUSD today!

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#TradeIdea

👉🗽🕛 US500 Outlook!

🌐 The US500 is navigating an ascending channel, currently testing its upper boundary and the crucial 5150 resistance level. The Golden Fibonacci ratio gives an extra layer of resistance.

🔼 Surpassing the 5150 resistance could trigger a climb to 5225;
🔽 However, a rejection at the upper boundary might cause a retreat to the 5090 support level.

😊 Do you agree with the FBS analysts? Let's discuss in the comments below👇

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#InstrumentoftheWeek

🔔 Instrument of the Week: GBPAUD!!! 🔔

🎁 FBS offers a unique chance to trade GBPAUD with a 30% spread reduction! With critical economic reports from the UK and Australia this week, take the opportunity to trade this energetic forex pair at a reduced spread!

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#TradeIdea

👉💵🇻🇦👈XBRUSD Outlook!

👁‍🗨 XBRUSD faced a crucial resistance at the 83.5 level aligned with the border of the descending channel. The MFI oscillator shows a hidden bearish divergence that potentially gives a bearish sentiment:

🔼 Breaking above the 83.5 resistance may pave the way to the 84.2 level;
🔽 Conversely, a rejection from the upper border will retreat the asset to 82.60

🤔 Which side are you on—bullish or bearish?

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#TradeIdea

👉🇦🇺🇻🇦👈AUDUSD Technical Analysis!

⚡️ On the H4, AUDUSD, in a short-term uptrend, has reached an important resistance area, from which there have already been several bounces. Even though the %R indicates a big overbought, the price may move in two directions.

🔼 If the bulls push the price above the resistance at 0.6630, we can expect a rise to 0.6700;
🔽 A rebound from resistance will drop AUDUSD to 0.6550 support;

❓ Do you buy or sell AUDUSD? Write in the comments🔽

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🟢 On the Air ! 🟢

🎞 Adetola Freeman analyzes the market during the weekly review! Don't miss this opportunity to gain valuable insights and learn new trading ideas!

➡️ Click to Join: Weekly Market Analysis!

#MarketNews

☀️ Happy Tuesday, dear traders! Let’s discuss the most exciting news for the beginning of the week:

📈 Chinese stocks closed at a 7-month high, while Hong Kong sees its longest rally since 2018. HK50 surged by 5.80%.

🌐 Goldman sees an increase in the number of companies coming out of the buyback, with more than 80% of SP500 companies already reporting. This rebound, a key driver of the US500's growth since 2011, takes the US500 to 5183.

🤖 Microsoft is developing a new proprietary AI model to rival Google and OpenAI. Following this announcement, Microsoft shares surged by 1.75%.

💰 Amazon announced plans to invest nearly $9 billion in expanding its cloud infrastructure in Singapore. Following this news, Amazon shares rose to 188.67.

🛥 Maersk anticipates a 15-20% drop in cargo shipments between Europe and Asia in Q2 due to Red Sea issues, with trade disruptions expected until end of 2024.

🍎 Apple is developing AI chips for data centers and is in talks with Rivian, an electric vehicle manufacturer, for a potential partnership, despite pausing the Apple Car project. Apple shares are currently trading at $181.71.

🔥 Natural gas consumption in the US reached a record high in 2023 at 89.1 billion cubic feet per day. Since 2018, gas demand has been increasing annually by an average of 4%, according to the US Department of Energy. XNGUSD trades at 2.314.

🛫 The US regulator has initiated a new investigation into Boeing following revelations that its employees may have overlooked several checks on Boeing 787 Dreamliner jets and falsified reports. #BA shares -1.51%

That's it for today, guys! Click on 👍 if you liked our review, and see you soon!

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#TradeIdea

👉🇪🇺🇻🇦👈EURUSD Update!

⚡️ The EURUSD pair, being in a long-term downward movement, has formed an expanding wedge pattern. The price has reached the upper trend line and is squeezed between two levels.

🔼 If the bulls push the price above 1.0790 and break the trend line, the growth will be to the target at 1.0860;
🔽 A fall below 1.0760 and MA200 support will lead EURUSD down to 1.0690;

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

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👉🥇🇻🇦🛸👈XAUUSD Alert!

🥇 On the H1, XAUUSD falls below the previous Williams fractal. The Lips line (yellow) of the William's Alligator indicator tends to cross the Jaws line (blue), signaling a bearish trend. Additionally, the momentum indicator dips below the 100 line, reinforcing the bearish sentiment.

🔽 Trade: Sell XAUUSD when the Lips line crosses below the Jaws line;
🎯 TP: 2290;

Smash 👍 if you trade XAUUSD today!

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#TradeIdea

👉🗽🕛All Eyes on the US500!

🌐 On the H4, the US500 has reached the upper trend line in a short-term bullish trend. Despite the strong bullish sentiment, the RSI shows a big overbought, so two scenarios are possible.

🔼 If the bulls push the price above the 5190 resistance, we can expect a rise to 5225;
🔽 A rebound from resistance and further fall will start a correction to 5150 support;

⁉️ Do you buy or sell US500 today? Share in the comments👇

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👉💡▶️⏩ XNGUSD Outlook!

🔥 XNGUSD currently faces the crucial 2.370 resistance zone aligned with the 38.2 Fibonacci ratio. The MFI indicator just breached below the overbought zone, which can potentially signal a bearish sentiment.

🔼 A breakout above the 2.370 resistance level will open the path toward the 2.900 resistance;
🔽 A corrective rebound will lead to a decline toward 2.050 support.

🤔 Do you support bulls or bears in this case?

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👉💵🇻🇦👈XBRUSD Outlook!

🕯 XBRUSD is eyeing the critical 82.40 support level, coinciding with the lower boundary of the descending channel. Notably, the MFI oscillator hints at a bullish divergence, signaling a potential shift in sentiment.

🔼 If XBRUSD bounces off the support, expect a push towards the 90.80 resistance level;
🔽 Conversely, a breakdown below 82.40 could lead to a dip towards 81.90.

❓ Do you trade Brent today? Write in the comments👇

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#Education

✍️Momentum Trading Strategy!

The combination of Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators has emerged as a popular choice among many available techniques.

📝Strategy setups
🟢Instruments: any
🟢Indicators: Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) with the default settings.
🟢Timeframe: H1 - H4
🟢Risk management rules: 2-5% as margin from the overall balance

🔻Rules for a long entry

✅ Spot a moment when the RSI is below 30, and the MACD signal line is above the histogram line.
✅ Wait until the RSI rises above 30 and the MACD signal line falls below the histogram line.
✅ Enter a buy trade.
✅ Set take profit at the resistance level or when a “sell signal” occurs.
✅ Set stop loss according to your risk-reward ratio (1:3 - 1:5 is recommended) or below the recent low.

🟧Short entry rules are fully inverted.

❗️ Combining MACD and RSI does not guarantee a 100% result like any other strategy. However, it is essential to follow the rules to improve the outcome.

❓Do you like this strategy? Share the one you use 👇

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#MarketNews

☀️ Happy Wednesday, dear traders! Let’s discuss the most exciting news for the beginning of the week:

👀 JPMorgan suggests the US corporate default rate is less worrying for investors, with distressed debt exchanges indicating an actual default rate of around 3%.

🇩🇪 German industrial production fell 0.4% in March, marking the first decrease this year but performing better than economists' expectations of a 0.7% drop.

🇨🇳 The Economist: Chinese electric vehicle makers rapidly outperform Western competitors by launching new models at half the cost. However, a fierce price war in China threatens to curb this growth.

🍏 Apple unveiled updated iPad Pro and iPad Air models with advanced chips and features. They are available for preorder now and will go on sale next week. Apple (#APPLE) shares are up 0.38% today.

🚗 BMW's earnings declined in the first quarter due to higher manufacturing costs, although the company saw a 28% increase in EV sales and confirmed its full-year guidance. BMW (#BMW) stock is down 3.26% today.

🛢 Oil prices fell near their lowest level since mid-March, influenced by a mild increase in US stockpiles and ongoing tensions in the Middle East.

📉 BP has toned down its 2030 oil output reduction target to reassure investors about its profitability and energy transition strategy. BP (#BP) shares are down 3.79% today.

🔥 Amazon (#AMAZON) breaks into the European 5G market by moving one million Telefonica Germany customers to its AWS cloud platform. Amazon shares are up slightly by 0.03%.

That's it for today, guys! Click on 👍if you liked our review, and see you soon!

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#TradeIdea

👉🇪🇺🇻🇦🛸👈EURUSD Alert!

💸 On the H4, EURUSD, which is in a long-term bearish trend, reached the upper trend line and bounced. The price fell below MA200, which may signal a continuation of the decline if it breaks below an important support level.

🔽 Trade: Sell EURUSD on a breakout below 0.0740;
🏹 TP: 1.0650;

Smash 👍 if you trade EURUSD today!

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#TradeIdea

👉🇻🇬🇻🇦👈GBPUSD Outlook!

💸 On the H4 chart, GBPUSD aims for a critical support level of 1.2480, which aligns with the 38.2 Fibonacci ratio. The MA100 is also offering crucial support.

🔼 A bounce off the 1.2480 support could send the pair soaring towards 1.2610 ;
🔽 Conversely, breaching the support might trigger a descent to 1.2330.

Smash ❤️ if you trade GBPUSD today!

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