#TradeIdea

👉💡▶️⏩BTCUSD Outlook!

💸 On the H4, BTCUSD started to rise after a substantial fall and is consolidating near 61.8 Fibonacci. Despite the solid bullish sentiment, a divergence has formed in the RSI, so it is necessary to consider two scenarios.

🔼 If the bulls push the price above 65,000, then 67,300 and further to 70,000 could be targeted;
🔽 However, in case of a bounce, a correction to the support of 62,700 will start;

Smash 👍 if you trade Cryptocurrencies!

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#MarketNews

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

🇪🇺Analysts predict the ECB will pause rate changes at this meeting, leaving room for a potential cut in September. EURUSD trades at 1.0887.

🇺🇸 According to the IMF, the Fed should wait until at least Q4 2024 to cut rates. The US also needs to take measures to reduce the national debt. UsDollar rose to 104.21.

🥈 The largest platinum producer, Anglo American Platinum (Amplats), reduced platinum group metals production by 5% in H1 2024, leading to a 24% price drop. Platinum fell to 970.30.

🌐 The last time a candidate withdrew from the race, the S&P 500 rose by 2.5% the next day. This time, however, it's the opposite. Markets have already priced in Biden's potential exit, according to MW. US500 falls to 5564.

🇨🇳 China aims for 5% economic growth this year, supports tech breakthroughs, and promises equal market access for foreign companies. However, HK50 falls to 17 433.

✂️ Fed prepares for a rate cut in September as Powell shifts focus to jobs. Officials are increasingly convinced that price stability is just around the corner.

💸 CryptoQuant reports extreme bearish sentiment among BTC holders, while Santiment notes a significant drop in positive crowd sentiment. BTCUSD trades at $64 300.

🇯🇵 The Japanese government has downgraded its economic growth forecast for the fiscal year due to weaker private consumption. USDJPY rises to 157.57.

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

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#TradeIdea

👉🇪🇺🇻🇦🛸👈EURUSD May Fall!

⚡️ After a short-term uptrend, EURUSD broke the trend line and fell to critical support. Given the breakdown and Momentum below 100.0, we can expect further declines if support is broken.

🔽 Trade: Sell EURUSD on a breakout below 1.0880;
🎯 TP: 1.0845;

Click 👍 if you agree with the FBS analysis!

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#TradeIdea

👉🥇🇻🇦👈XAUUSD Analysis!

⚡️On the H2, XAUUSD faces the crucial resistance level at 2415, aligned with the 38.2 Fibonacci ratio. The RSI oscillator indicates oversold conditions, potentially signaling a bullish sentiment for the asset.

🔼 If the rebounds from the 2415 resistance, Gold may propel toward 2440;
🔽 However, if XAUUSD breaches below 38.2 Fibonacci, it may decline to 2390.

Hit 👍 if you sell XAUUSD. Click ❤️ if you buy it!

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#forecast

👉🗽🕛 US500 Forecast!

💣 US500 has entered a strong correction phase after a robust uptrend!

⚙️ On the weekly timeframe, the US500 bounced off the 5650 resistance level, coinciding with a 161.8 Fibonacci retracement. The RSI oscillator indicates that the asset is overbought, also demoing a bullish divergence.
Important Bearish Engulfing candlestick patterns have formed on the chart, which led to serious corrections in the US500 in previous cycles.

🔽 Trade: Sell US500 on confirmation of the Bearish Engulfing;
🎯 Target 1: TP 5300;
🎯 Target 2: TP 4800.

♨️ Do you agree that the stock market is overheated?

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#TradeIdea

👉🇻🇦🇨🇦👈USDCAD Critical Point!

🔥 On the H4, USDCAD has formed an expanding wedge pattern in a long-term sidewall. The price has reached the upper trend line and is an important resistance area. Despite the short-term bullish momentum, the %R indicates a significant overbought pattern.

🔼 If the price breaks the trend line above 1.3730, it will rise to 1.3780;
🔽 However, a bounce from the trendline will drop USDCAD to 1.3665;

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

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#networking

🌟 Happy Friday, traders! 🌟

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🔎 With expert interviews and eye-opening case studies, "The Corporation" reveals how these entities wield enormous power over markets, often prioritizing shareholder interests over ethical concerns and sustainability. 🌏

⭐️ Ideal for those in finance and trading who want to understand the deeper impacts of corporate actions on markets and society. Watch "The Corporation" for an enlightening perspective on the forces shaping our economic environment💡

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#meme

👋 Have a Great Weekend, everybody!

😉The most important thing is that your trading strategy works📈

🤨 Share your favorite memes in the comments👇

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#calendar

🚀 Exciting week for 🇨🇦CAD and 🇺🇸USD! Keep an eye on the upcoming BOC Rate Statement for CAD and the Advance GDP and Core PCE Price Index for USD. These key events could shake up the currency markets!

💬 What impacts do you foresee from these events? Share your thoughts below👇

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#MarketNews

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

☄️ The US dollar slipped 0.1% after President Joe Biden announced he would not seek reelection in 2024 and endorsed Vice President Kamala Harris.

🇨🇳 China enacted unexpected interest rate cuts to bolster economic growth following a major Communist Party meeting that left investors wanting more immediate stimulus measures.

🇳🇿 New Zealand's inflation slowed to 3.4% in the second quarter, below the Reserve Bank's 3.6% forecast, potentially setting the stage for upcoming interest rate cuts. NZDUSD trades at 0.5998

🇯🇵 Hedge funds reduced their short bets on the yen by 38,025 contracts, the most considerable reduction in over a decade, after Japan's suspected interventions to boost the currency. USDJPY is trading at 156.68

🥇 Gold imports to China plummeted nearly 60% to 58.9 tons last month, marking the lowest level since May 2022, as elevated prices deterred the world's largest bullion consumer amidst the economic slowdown.

📱Vodafone has sold an additional 10% stake in Vantage Towers to Oak Holdings for 1.3 billion euros, reducing its effective ownership to 44.7% and furthering its strategy to decrease debt. #VOD stock is down 0.55%

🚗 Volkswagen and Xpeng have partnered to develop a new EV architecture, planning to begin production in two years and launch two Volkswagen-branded EV models by 2026. #VOW shares rise 0.52%

📍 NVIDIA is developing a new flagship AI chip, the "B20," for the Chinese market. It is adhering to US export restrictions and collaborating with its major Chinese distributor. #NVIDIA shares fell 2.61%.

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

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#TradeIdea

👉🥇🇻🇦👈XAUUSD Analysis!

🥇 On the H1, XAUUSD tests crucial support at 2410 after a robust fall, aligned with the golden Fibonacci ratio. The MFI oscillator left the oversold zone, potentially indicating bullish momentum for the asset.

🔼 If the price rebounds from the golden Fibonacci ratio, the Gold will reach the 2418 level;
🔽 However, if XAUUSD breaches below the 2410 support, it will fall to 2385 support.

Hit 👍 if you sell XAUUSD. Click ❤️ if you buy it!

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#TradeIdea

👉💵🇻🇦👈XBRUSD Outlook!

🔥 On the H4, XBRUSD fell to a critical support area after a short-term bullish trend. The %R indicates extreme oversold and the price tests the lower Bollinger line, although the bearish sentiment is extremely strong.

🔽 If the price breaks the support area of 81.70, the decline will be to 79.30;
🔼 A rebound from the trend line will allow Brent to recover to 84.50;

🐈 Which side are you on—bullish or bearish?

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👉🇪🇺🇻🇦👈EURUSD Outlook!

💸 EURUSD has breached below the lower border of an ascending channel and is targeting the 1.0880 support. The Momentum indicator has crossed below the 100-line, signaling bearish sentiment, while the MFI oscillator is in the oversold zone, potentially suggesting a bullish reversal.

🔼 If the price bounces from the 1.0880 support, it may rise to 1.0940;
🔽 Conversely, if the price breaks below this support, the asset may fall to 1.0840.

Click ❤️ if you buy EURUSD. Hit 🔥 if you sell!

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#TradeIdea

👉🇻🇬🇻🇦🛸👈GBPUSD May Drop!

📉 On the H1, GBPUSD fell sharply after a long-term rise, forming a bearish flag pattern. The price has reached the lower trend line, while Momentum has fallen below 100.0, so if the trend line and support are broken, we can expect a drop.

🔽 Trade: Sell GBPUSD on a breakout below 1.2900;
🎯 TP: 1.2850;

Smash 👍 if you trade GBPUSD today!

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#MarketNews

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

🤖 Musk announced that Tesla will begin producing the humanoid robot Optimus, for internal use in 2025. Tesla shares rose to 251.40.

🥇 India's Ministry of Finance proposes reducing the customs duty on gold to 6% in the new budget. In contrast, according to Bloomberg, China has reduced gold imports to the lowest level since May 2022. XAUUSD dropped to 2392.

💸The US government is possibly holding BTC as a reserve currency. Previously, experts suggested Trump might turn BTC into a strategic reserve asset for the US. BTCUSD trades at 66 525.

🌐 The SEC approved the launch of spot ETH-ETF trading, which begins on July 23. ETHUSD trades at 3445.

🌐 The Buffett Indicator (the ratio of the US stock market cap to GDP) indicates substantial overvaluation in the S&P 500 index. US500 slightly rose to 5563.

🇺🇸 Last week, hedge funds continued actively selling US stocks, marking several consecutive weeks of heavy selling. The US100 slightly rose to 19 800.

🇨🇳 Analysts believe China's rate cuts are insufficient, given zero inflation, as rates remain incredibly high. The PBOC needs to take more active steps to reduce rates. HK50 dropped to 17 482.

💲 Analysts believe that Trump's return to power would strengthen the dollar, increase Treasury yields, and boost the stocks of banks and companies in the healthcare and energy sectors. UsDollar rose to 104.18.

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

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#TradeIdea

👉🇪🇺🇻🇦🛸👈EURUSD May Fall!

📉 EURUSD formed a reversal pattern "head and shoulders" after a long-term growth. The price fell to the neckline area, and the critical support level is being tested. Momentum has fallen below the 100.0 mark, which may indicate the possibility of a decline.

🔽 Trade: Sell EURUSD on a breakout below 1.0880;
🎯 TP: 1.0845;

Smash 👍 if you trade EURUSD today!

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#TradeIdea

👉💡▶️⏩XAGUSD Key Point!

🥈 On the Daily chart, XAGUSD has breached below the "neckline" of the head-and-shoulders pattern and is targeting the 28.70 support, aligned with the 38.2% Fibonacci ratio. The Momentum oscillator aims to cross below the 100-line, reinforcing the bearish sentiment.

🔼 If Silver rebounds from the 28.70 support, it will start rising with a target of 31.20;
🔽 Otherwise, a breaching below the 38.2 Fibonacci will continue the decline to 25.70.

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

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👉🥇🇻🇦👈XAUUSD Analysis!

☄️ On the H4, XAUUSD fell sharply after the ATH update, and the price is consolidating near 38.2 Fibonacci resistance. Despite the solid bearish sentiment, MFI and DeMarker have risen above critical and indicated the possibility of growth.

🔼 If the bulls push the price above 2410, the target will be 2438;
🔽 A rebound from resistance will drop XAUUSD to support at 2388;

Hit 👍 if you sell XAUUSD. Click ❤️ if you buy it!

➡️ Start Trading with FBS
📲 Check the FBS mobile app

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