#TradeIdea
π π₯ π»π¦ π XAUUSD Outlook!
β‘οΈ On the H1, XAUUSD formed an ascending channel pattern after a strong fall in a short-term bullish trend. The price fell to the lower trend line, consolidating near the support area. Indicators are giving mixed signals, so two scenarios are possible.
π½ If Gold breaks the trend line and falls below 2313, it will fly down to 2300;
πΌ Otherwise, a rebound will allow XAUUSD to rise to 2325;
Hitπ if you're buying Gold. Click β€οΈ if you sell XAUUSD!
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FBS Analytics
#LiveStream βοΈ Today is an especially important day, traders!!! βοΈ π₯ The US CPI and the Fed meeting are released today, and the impact on the market could be huge!!!! π FBS expert Adetola Freeman will stream on YouTube at 3:00 pm (GMT+3), offering expertβ¦
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β‘οΈ Core CPI m/m
Actual β 0.2%
Expected β 0.3%
Previous β 0.3%
β‘οΈ CPI m/m
Actual β 0.0%
Expected β 0.1%
Previous β 0.3%
β‘οΈ CPI y/y
Actual β 3.3%
Expected β 3.4%
Previous β 3.4%
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FBS
FBS - online broker on the Forex market
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π π»π¦ π―π΅ π USDJPY Critical Moment!
πΈ On the H4, In a short-term uptrend, USDJPY formed an ascending channel pattern despite high volatility. The price fell to the lower trend line and is testing the 50.0 Fibonacci and MA200 support.
π½ If USDJPY falls below 156.000 and breaks the trend line, it will fall to 155.000;
πΌ However, if the price bounces off the support, it will surge to 157.000, corresponding to 61.8 Fibonacci;
β Do you buy or sell USDJPY? Share your opinion in the commentsπ
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#survey
π Whatβs Your Trading Style?
π Every trader is different! Explore these trading styles to find what suits you best!!!
π Scalping: Quick trades within minutes, aiming for small, frequent profits. Perfect for those who love fast-paced action!
π Day Trading: Open and close trades within the same day to capitalize on short-term price movements. Great for those who can monitor the markets closely.
π΅ Swing Trading: Hold positions for days or weeks, capturing market swings. Ideal for those who prefer a more relaxed pace.
π Position Trading: Hold positions for months or even years, focusing on long-term trends. Best for those with patience and a focus on big-picture analysis.
π‘ Find your perfect trading style and optimize your strategies for success! Which one are you? Share in the comments!π
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#MarketNews
π Hello, dear traders! Today is Thursday, June 13, 2024. Let's quickly delve into the key financial highlights of the day:
βοΈ The Fed signaled one rate cut this year, with Chair Powell indicating a conservative approach and potential for two cuts amid higher inflation forecasts and a strong economy.
πͺπΊ ECB's Joachim Nagel stated that euro-zone core inflation remains sticky, emphasizing a cautious, meeting-by-meeting approach following last week's 25 basis point rate cut.
π―π΅ Japanese investors sold Β₯2.65 trillion ($16.9 billion) in foreign debt, the most in nine years, amid shifts in global central bank policies and profit-taking on US Treasuries.
π Caterpillar boosted its share repurchase authorization by $20 billion, raised its quarterly dividend by 8%, and plans to return nearly all free cash flow to shareholders. Shares of Caterpillar (#CAT) are up 0.43%.
β‘οΈ Google agreed to buy 115 megawatts of geothermal energy from Buffett's Nevada utility to power its data centers. Google (#GOOGLE) stock is up 0.77%.
π The EU has imposed tariffs up to 48% on electric vehicles from China, raising EV prices and escalating trade tensions.
π Apple agreed to distribute OpenAI's ChatGPT on its devices without financial payments, leveraging the partnership to enhance AI features and benefit both companies. Apple (#APPLE) shares are up 2.86%.
π¬ Elon Musk announced that his $56 billion pay package and the proposal to move Tesla's legal home to Texas are passing by wide margins in preliminary votes. Tesla (#TESLA) stock is up 3.88%.
That's it for today, guys! Click onβ€οΈ if you liked our review, and see you soon!
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π Caterpillar boosted its share repurchase authorization by $20 billion, raised its quarterly dividend by 8%, and plans to return nearly all free cash flow to shareholders. Shares of Caterpillar (#CAT) are up 0.43%.
π Apple agreed to distribute OpenAI's ChatGPT on its devices without financial payments, leveraging the partnership to enhance AI features and benefit both companies. Apple (#APPLE) shares are up 2.86%.
That's it for today, guys! Click on
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π π΅ π»π¦ πΈ π XBRUSD: DeMarker Strategy!
β‘οΈ On the H4, XBRUSD is in a long-term bearish trend after a short-term rise. It bounced off the trend line, MA200, and 38.2 Fibonacci resistance. Parabolic SAR indicates the beginning of a short-term decline, and DeMarker shows a decline to 23.6 Fibonacci.
π½ Trade: Sell XBRUSD;
π― TP: 80.10;
Hitβ€οΈ if you agree!!!
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π π‘ βΆοΈ β© XAGUSD Opportunity!
π₯ On the H4, XAGUSD navigates a downtrend and tests the 29.40 support level, with additional support from the 200-day moving average. The Momentum oscillator crosses the 100 line, potentially indicating a bearish sentiment.
πΌ If the price rebounds off the support zone, it may propel the asset to 30.20;
π½ However, if XAGUSD breaches below 29.40, it may trigger a decline toward 28.70.
Smashπ if you agree!
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π π₯ π»π¦ π XAUUSD Update!
βοΈ On the M30, XAUUSD is declining towards the trend line after intense volatility, testing the 23.6 Fibonacci support area. Indicators give mixed signals, so it is essential to consider two options.
π½ If Gold breaks the trend line and falls below 2310, the target will be 2300;
πΌ However, a bounce off the trendline would take XAUUSD back to 2325, corresponding to 38.2 Fibonacci;
Putβ€οΈ if you are bullish. Click π if you are bearish. Let's see who wins!
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Put
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The price is approaching the key support area of around 2280.00.
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#networking
π Alexander Elder - The New Trading for a Living
π The New Trading for a Living refreshes a classic beloved by traders globally. It combines time-tested concepts with new studies and techniques for modern markets.
π Key Highlights:
π’ Teaches a calm, disciplined approach to trading π
π’ Emphasizes risk management and self-management βοΈ
π’ Includes templates for rating stock picks, creating trade plans, and evaluating readiness π
π’ Features current, full-color charts with clear rules and techniques π
π Why Read It?
π΄ Overcome barriers and develop more vital discipline πͺ
π΄ Identify market zones for better reward-risk ratios π«
π΄ Master money management, set entries, targets, and stops π΅
π΄ Use a record-keeping system to become your own teacher π¨βπ«
π Successful trading is built on knowledge, focus, and discipline. The New Trading for a Living provides classic wisdom and modern tools to elevate your trading game. π
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#MarketNews
βοΈ Happy Friday, dear traders! Look at the major news on this week's last trading session!
π Due to EU tariffs, Tesla announced plans to raise prices on China-made cars in Europe starting July 1. Tesla shares dropped to $182.55.
π Ripple is partnering with UK-regulated Archax to attract hundreds of millions in tokenized assets to the XRP Ledger. XRPUSD trades at 0.4799.
π This week, Berkshire Hathaway purchased an additional $102 million in Occidental Petroleum shares, increasing its stake to 28.5%. However, #OXY shares dropped to $59.79.
π₯ According to Bespoke, speculators have increased their net long positions in gold (XAUUSD) futures to a 38-year high. XAUUSD consolidates at 2317.
π’ Citi predicts oil prices could drop to $60 per barrel by 2025 due to a "significant surplus." In a bearish scenario, Brent prices could fall below $50 by the end of next year. XBRUSD rose to 81.98.
π BBG said Apple will not pay OpenAI to integrate ChatGPT into its devices. The market has turned very bullish on Apple shares, with put premiums at a three-year low. Apple shares rose to 214.17.
π―π΅ Japan's central bank rate remains at 0.1% (expected 0.1% / previous 0.1%). The Bank of Japan indicated it may reduce government bond purchases starting from the next meeting on July 30. USDJPY rose to 158.15.
βοΈ Boeing is investigating a new problem with the 787 Dreamliner airplane. The inspection was initiated after improperly installed fasteners were found on the plane's fuselage. Shares of #BA fell to 180.65.
β How was your trading week? Share your opinion! π
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π’ Citi predicts oil prices could drop to $60 per barrel by 2025 due to a "significant surplus." In a bearish scenario, Brent prices could fall below $50 by the end of next year. XBRUSD rose to 81.98.
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π π»π¬ π»π¦ π GBPUSD Outlook!
πΈ GBPUSD has formed an expanding wedge pattern and has almost reached the lower trend line. Considering the mixed signals of indicators, the price can move according to two scenarios.
π½ A break of the lower trend line and support at 1.2700 will start a short-term bearish trend to 1.2600;
πΌ A rebound from the trendline will bring GBPUSD back to the resistance at 1.2800;
β Do you expect GBPUSD to rise or fall? Write in the commentsβ¬οΈ
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π π₯ π»π¦ π XAUUSD Outlook!
β‘οΈ On the H1, XAUUSD is targeting the crucial 2325 resistance level aligned with the 38.2 Fibonacci ratio. The MFI oscillator is in the overbought zone and shows a hidden bearish divergence, signaling potential bearish momentum.
πΌ If XAUUSD breaks above the 2325 level, it will propel the asset to 2350;
π½ However, if the price bounces from the resistance, it may trigger a decline to 2290.
Smashβ€οΈ if you trade XAUUSD today!
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Smash
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ββ#AnalyticArticle
β‘οΈXTIUSD: Bearish and Bullish Scenariosβ‘οΈ
π Explore key trading levels for XTIUSD with insights into potential market movements driven by recent economic data and geopolitical factors.
π― Identify precise entry and exit points, effective targets, and stop-loss strategies to enhance your trading strategy.
π‘ Learn how geopolitical tensions and economic indicators could influence XTIUSD's trajectory.
π Gain expert analysis from FBS strategist on XTIUSD dynamics. Read the full article here.π
β‘οΈXTIUSD: Bearish and Bullish Scenariosβ‘οΈ
π Explore key trading levels for XTIUSD with insights into potential market movements driven by recent economic data and geopolitical factors.
π― Identify precise entry and exit points, effective targets, and stop-loss strategies to enhance your trading strategy.
π‘ Learn how geopolitical tensions and economic indicators could influence XTIUSD's trajectory.
π Gain expert analysis from FBS strategist on XTIUSD dynamics. Read the full article here.π
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π π‘ βΆοΈ β© XAGUSD Analysis!
π₯ On the H4, XAGUSD has formed a descending wedge pattern in the short-term bearish trend. Despite the decline in Silver, this is a classic reversal pattern, and the long-term trend is also bullish, so two scenarios are possible.
π½ A break of the lower trendline and a fall below 29,000 will drop XAGUSD to 28,000;
πΌ A rise above 29.300 and a break of the upper trendline will start a bullish scenario with a target up to 30.200;
β What do you think the XAGUSD is bullish or bearish today? Share your opinion in the commentsπ
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#education
βοΈ Let's talk about performance metrics to track your trading. π
πΌ Traders use various methods, including:
π Microsoft Excel: Insert trading data and let Excel calculate critical metrics like average win/loss target price.
π 2% Method: Risk no more than 2% per trade to avoid unexpected drawdowns.
π’ Points/Pips Measurement: Focus on the number of points or pips risked per trade.
βοΈ Risk/Reward Ratio: Aim for a 1:3 ratio, where the reward is three times the risk.
π Win/Loss Ratio: Compare the number of winning trades to losing ones.
π MetaTrader 4/5 Tools: Use MT4/5 to access performance statistics, including net profit.
π° Net Profit: Shows actual earnings after deducting expenses, unlike gross profit.
β How do you calculate your net profit? Share your answer in the poll below! π
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βοΈ Risk/Reward Ratio: Aim for a 1:3 ratio, where the reward is three times the risk.
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2π1
#meme
βοΈ Happy Saturday, dear tradersβοΈ
π No matter your trading style, don't forget to rest, guys! π€
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ββ#blog
π Exploring Double Bottom and Double Top Chart Patternsπ
πUnlock the secrets of Double Bottom and Double Top chart patterns to enhance your trading strategy. These powerful patterns can help you identify market reversals and make more informed decisions.
β‘οΈ Key Takeaways:
π Double Bottom: Indicates a potential upward reversal π
π Double Top: Signals a possible downward reversal π
π Learn how to spot these patterns and apply them to your trades! βοΈ
π‘ Pro Tip: Be cautious of false signals and consider market sentiment and news. π
π Gain expert insights and improve your trading skills. Read the full article here π
π Exploring Double Bottom and Double Top Chart Patternsπ
πUnlock the secrets of Double Bottom and Double Top chart patterns to enhance your trading strategy. These powerful patterns can help you identify market reversals and make more informed decisions.
β‘οΈ Key Takeaways:
π Double Bottom: Indicates a potential upward reversal π
π Double Top: Signals a possible downward reversal π
π Learn how to spot these patterns and apply them to your trades! βοΈ
π‘ Pro Tip: Be cautious of false signals and consider market sentiment and news. π
π Gain expert insights and improve your trading skills. Read the full article here π
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#calendar
π₯ This week is highly important for π¬π§ GBP and π¦πΊ AUD with Central Banks meetings on the horizon! Stay tuned for key updates that could shake the markets.
Do you have any trade ideas? Share in the commentsπ
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Do you have any trade ideas? Share in the comments
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#MarketNews
π Good morning, dear traders! How are you? Letβs discuss the most exciting news for the beginning of the week.
βοΈ According to Governing Council members, an ECB rate cut in September requires an improved inflation outlook, with delays in reaching the 2% target by Q4 2025 reducing the chances.
π«π· French stocks are experiencing their worst week since 2022 as the prospect of a far-right government coming to power alongside left-wing opposition has shaken the markets.
π¨π³ China's central bank left the key policy rate unchanged at 2.50% on Monday for 182 billion yuan ($25.08 billion) of one-year MLF loans, as expected.
π―π΅ According to former board member Makoto Sakurai, the Bank of Japan will likely forgo a July rate hike and taper bond buying by $152 billion annually.
π¬π§ UK inflation is expected to fall to the Bank of England's 2% target in May, down from 2.3% in April, but this may be too late to benefit the government before the July 4 general election.
π’ Brent fell 0.5% to $82.22 per barrel, reflecting weaker US consumer demand and increased crude production in China.
β½οΈ Demand for natural gas in China will increase by 45% by 2030, driven primarily by the industrial shift from coal to gas, which is part of the country's efforts to peak CO2 emissions by 2030.
That's it for today, guys! Click onβ€οΈ if you liked our review, and see you soon!
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π’ Brent fell 0.5% to $82.22 per barrel, reflecting weaker US consumer demand and increased crude production in China.
β½οΈ Demand for natural gas in China will increase by 45% by 2030, driven primarily by the industrial shift from coal to gas, which is part of the country's efforts to peak CO2 emissions by 2030.
That's it for today, guys! Click on
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