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#LiveStreamAlert π¨ Attention, Traders! π¨ πΊ Join us for the Weekly Market Stream with Adetola Freeman today! π Date: 29.07.2024 π Time: 16:00 (GMT+3) π Link: https://www.youtube.com/watch?v=wgSFabBzTqQ&ab_channel=FBSAnalytics%26Education π Discoverβ¦
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Weekly Forex Insights: July 29 Market Breakdown
More analytics: https://bit.ly/3WV488A
Download the NEW FBS App: https://fbspa.onelink.me/00Zt/0fqp6bx4
The best telegram channel: https://t.me/fbsanalytics
Join us for an exclusive YouTube live stream as our FBS partner from Africa, FBS financial expertβ¦
Download the NEW FBS App: https://fbspa.onelink.me/00Zt/0fqp6bx4
The best telegram channel: https://t.me/fbsanalytics
Join us for an exclusive YouTube live stream as our FBS partner from Africa, FBS financial expertβ¦
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π π΅ π»π¦ π XBRUSD: Long-term Analysis!
π₯ In the Weekly timeframe, XBRUSD formed a symmetrical triangle pattern in the sideways amid geopolitical tensions. The price has reached the lower trend line, testing the critical support, which creates two possible scenarios.
π½ If the bears push the price below the trend line at 79.40, XBRUSD will go down to 72.00;
πΌ A rebound will bring Brent back up to the upper trend line of 87.80;
Hitπ if you buy XBRUSD! Click β€οΈ if you sell! Write your opinions in the commentsπ
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Prepare for the FOMC Meeting on July 31 with a brief quiz π
βIn which year was the FOMC established?πΊπΈ
βIn which year was the FOMC established?
Anonymous Quiz
19%
1923
21%
1933
18%
1945
15%
1960
27%
1971
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#MarketNews
βοΈ Happy Tuesday, dear traders! Let's check the news moving the financial markets today:
βοΈ The US Treasury Department reported that the national debt has exceeded $35 trillion for the first time in history.
π«π· France's GDP grew by 0.3% in the second quarter, surpassing forecasts and showing economic resilience ahead of President Macron's snap election.
π―π΅ Bank of Japan Governor Kazuo Ueda is expected to cut bond purchases by 50% within two years and may raise interest rates, decisions poised to shake global markets.
π₯ Rich Asian investors buying gold bars contributed to demand of 1,258.2 metric tons in the second quarter, marking a 4% year-on-year increase and the strongest in over 25 years.
π The S&P 500 increased by 0.1%, with investors closely watching upcoming earnings from tech giants like Microsoft, Meta, Amazon, and Apple.
π’BP surpassed second-quarter profit expectations with a net profit of $2.8 billion and raised its dividend by 10%, signaling robust financial health despite challenges in refining margins. #BP shares are up 1.53%.
π Apple trained its AI models for the Apple Intelligence system on Google's custom chips, highlighting a move from Nvidia's GPUs in AI development. #APPLE stock is trading at 218.24.
π· Diageo reported a 4.8% drop in annual profit, falling short of the expected 4.5% decrease. This was primarily due to a significant 21.1% sales decline in Latin America and the Caribbean. #DGE fell 0.65%.
That's it for today, guys! Click onπ if you liked our review, and see you soon!
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π’BP surpassed second-quarter profit expectations with a net profit of $2.8 billion and raised its dividend by 10%, signaling robust financial health despite challenges in refining margins. #BP shares are up 1.53%.
π Apple trained its AI models for the Apple Intelligence system on Google's custom chips, highlighting a move from Nvidia's GPUs in AI development. #APPLE stock is trading at 218.24.
That's it for today, guys! Click on
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π π‘ βΆοΈ β© BTCUSD is Ready to Rise!
πΈ On the H4, BTCUSD, in a short-term bullish trend, fell to the trend line after a minor correction. The price bounced off the trend line and the lower Bollinger line. Williams %R came out of the oversold zone, which can also signal the beginning of growth.
πΌ Trade: Buy BTCUSD on a breakout above 67,000;
π― TP: 70 000;
Hitβ€οΈ if you trade cryptocurrency today!!!
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π πͺπΊ π»π¦ π EURUSD Analysis!
πΈ On the H4, EURUSD has breached below the head-and-shoulders neckline and is currently facing support at 1.0820. The MFI oscillator shows a bullish divergence, suggesting a bullish sentiment for the asset.
πΌ If the price rebounds from the 1.0820 support, it could rise to 1.0870;
π½ Conversely, a break below 1.0820 might decrease the asset to 1.0770.
Clickβ€οΈ if you buy EURUSD. Hit π if you sell!
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1
β‘οΈAttention traders! Critical moment for XAUUSD!β‘οΈ
π₯ Will XAUUSD fall or rise?! Find out what pattern Gold has formed, what the indicators are showing, and where XAUUSD may move! Don't miss this unique opportunity before the FOMC meeting on July 31!
π Check out the full analysis hereπ
π₯ Will XAUUSD fall or rise?! Find out what pattern Gold has formed, what the indicators are showing, and where XAUUSD may move! Don't miss this unique opportunity before the FOMC meeting on July 31!
π Check out the full analysis hereπ
β€48π29π¨βπ»13π8π5β€βπ₯3β‘3π₯2π2π―1π¦1
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π π»π¬ π»π¦ π GBPUSD Analysis!
πΈ On the H4, GBPUSD formed a descending channel pattern in the short-term bearish trend. The price is squeezed between the upper trend line and the critical support, while the indicators do not give clear signals.
π½ If the bears push the price below the support at 1.2850, the decline will be to 1.2815;
πΌ A breakdown of the trend line will open the way to 1.2900 and then to 1.2930;
Clickπ if you agree with the FBS analysis!
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#calendar
π Get Ready for an Action-Packed August! π
π This month's economic calendar is heating up, promising significant volatility and potential market shifts. From FOMC statements to CPI data and employment reports, key events will keep traders on their toes π’
π Check out the full schedule and prepare for the market moves ahead!
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#MarketNews
βοΈ Happy Wednesday, dear traders! Today, July 31, we're bringing you the day's most thrilling news highlights:
π’ The US Department of Energy announced yesterday that it will purchase an additional 4.65 million barrels of oil to replenish the Strategic Petroleum Reserve. XBRUSD rose to 79.50..
π₯ Due to high prices, global demand for gold fell by 6% in Q2, while supply increased by 4%, according to the WGC. XAUUSD rose to 2420.
π¨π³ Chinese President Xi Jinping calls for accelerated measures to boost domestic consumption, acknowledging "insufficient" internal demand amid slowing economic growth in China. HK50 rose to 17350.
π Warren Buffett continues selling Bank of America shares, having already offloaded $3 billion this month. BAC shares dropped to 41.27.
β Investors have reduced long and short positions, becoming more cautious ahead of the upcoming Fed meeting and key employment data releases this week. UsDollar dropped to 104.33.
π The Bank of Japan raised the interest rate to 0.25 points and announced a plan to reduce bond purchases in the second half of 2024. USDJPY dropped to 152.64.
βοΈ According to Bloomberg, Powell may signal a Fed rate cut at today's meeting amid slowing labor market growth in the coming months.
πΈ The total assets in all BTC ETFs have surpassed $50 billion since their launch in January 2024, making it the most successful debut in history. BTCUSD dropped to 66 428.
That's it for today, guys! Click onπ if you liked our review, and see you soon!
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π² Check the FBS mobile app
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π’ The US Department of Energy announced yesterday that it will purchase an additional 4.65 million barrels of oil to replenish the Strategic Petroleum Reserve. XBRUSD rose to 79.50..
That's it for today, guys! Click on
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π πͺπΊ π»π¦ π EURUSD Outlook!
β‘οΈ EURUSD has reached the critical 50.0 Fibonacci support area within a short-term bearish trend. Despite the bearish market sentiment, DeMarker indicates a significant oversold condition.
π½ If the price breaks the support level of 1.0810, it will fall to 1.0770;
πΌ A bounce off the support will start a minor correction towards 1.0840;
Clickβ€οΈ if you buy EURUSD. Hit π if you sell!
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π₯USDCAD Unique Opportunity! π₯
β‘οΈ Will USDCAD rise or fall? FBS Analysts provide a long-term forecast on the movement of a critical forex pair, which can bring over 5000 points! Don't miss this great chance!
π See the complete analysis here π
β‘οΈ Will USDCAD rise or fall? FBS Analysts provide a long-term forecast on the movement of a critical forex pair, which can bring over 5000 points! Don't miss this great chance!
π See the complete analysis here π
β€20π17π₯5β‘3π3π2π2π€©1π1π―1π¦1
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π π¦
π Critical Moment for US100!
β‘οΈ On the H4 chart, the US100 tests a crucial resistance at the 19 100 level, coinciding with the golden Fibonacci ratio. The DeMarker oscillator has moved above the oversold zone, and if the Parabolic SAR starts pointing below the candle and rising, it will signal a strong bullish sentiment.
πΌ If the price breaches above the resistance of 19 100, the US100 will rise to 19 500;
π½ Otherwise, a rebound from the golden Fibonacci ratio will start a decline toward 18 600.
β Do you buy or sell US100 today? Share in the commentsβ¬οΈ
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π π₯ π»π¦ π All Eyes on XAUUSD!
βοΈ On the H4, XAUUSD, before the FOMC meeting, broke the trend line after a short-term drop and is testing critical resistance. On the Alligator indicator, the lips crossed the jaw, which signals to start rising. However, the %R indicates highly oversold.
πΌ If the bulls push the price above 2422, Gold will rise to 2440;
π½ A bounce-off resistance will bring XAUUSD back up to 2397;
Hitπ if you sell XAUUSD. Click β€οΈ if you buy it!
β‘οΈ Start Trading with FBS
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#TradeIdea π πͺπΊ π»π¦ π EURUSD Outlook! β‘οΈ EURUSD has reached the critical 50.0 Fibonacci support area within a short-term bearish trend. Despite the bearish market sentiment, DeMarker indicates a significant oversold condition. π½ If the price breaks the supportβ¦
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π πͺπΊ π»π¦ π EURUSD Update!
π‘ DeMarker System Strategy Setup!
β‘οΈ On the H4, EURUSD is testing the upper border of a descending channel and faces a crucial resistance level at 1.0840. The parabolic SAR pointed below the candle and started rising, while the DeMarker oscillator breached above the oversold zone, giving us a bullish sentiment.
πΌ Trade: Buy EURUSD on a breakout and consolidation above 1.0840;
π― TP1: 1.0870;
π― TP2: 1.0900.
Hitβ€οΈ if you're going to take it!
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#Education
π Master the 1-2-3 Reversal Pattern! π
π Looking to refine your trading skills? Dive into the essentials of the 1-2-3 Reversal Pattern with our detailed breakdown!
π 1-2-3 Reversal Setup: Identify three pivotal points to forecast market reversals:
πΉPivot Point 1: Marks the initial reversal of the trend;
πΉPivot Point 2: Establishes a new extreme but doesnβt surpass Pivot Point 1;
πΉPivot Point 3: Confirms the trendβs direction, staying within the range of Pivot Point 1;
π Why Trust the 1-2-3 Pattern? It provides a systematic approach to identifying turning points in bullish and bearish markets, making it an invaluable tool for traders aiming for precise operations.
π Keen to learn more about the 1-2-3 Reversal Pattern? Access the detailed guide here π
π Master the 1-2-3 Reversal Pattern! π
π Looking to refine your trading skills? Dive into the essentials of the 1-2-3 Reversal Pattern with our detailed breakdown!
π 1-2-3 Reversal Setup: Identify three pivotal points to forecast market reversals:
πΉPivot Point 1: Marks the initial reversal of the trend;
πΉPivot Point 2: Establishes a new extreme but doesnβt surpass Pivot Point 1;
πΉPivot Point 3: Confirms the trendβs direction, staying within the range of Pivot Point 1;
π Why Trust the 1-2-3 Pattern? It provides a systematic approach to identifying turning points in bullish and bearish markets, making it an invaluable tool for traders aiming for precise operations.
π Keen to learn more about the 1-2-3 Reversal Pattern? Access the detailed guide here π
π33β€15β7π₯5β€βπ₯2π2π1π1
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π π»π¦ π¨π π π USDCHF is about to rise!
π On the H4, USDCHF navigates within a bullish falling wedge and tests the crucial 0.8800 resistance level. RSI crossed upwards from the oversold zone and showed multiple bullish divergences with the price.
πΌ Trade: Buy USDCHF on a breakout above 0.8800;
π― TP: 0.8870.
Smashπ if you trade USDCHF today!
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#MarketNews
π€ Happy Thursday, dear traders! Let's check the news moving the financial markets today:
βοΈ Fed Chair Jerome Powell signaled a potential September rate cut, balancing a weakening labor market with ongoing inflation concerns. Rates are currently at 5.25-5.5%.
π¬π§ The Bank of England is poised to potentially reduce interest rates from a 16-year high of 5.25% to 5% amidst a closely divided committee vote and a consumer price inflation rate that has stabilized at 2%.
π―π΅ Japanese trading houses view the Bank of Japan's rate hike as positive, signaling economic growth and benefiting from a weak yen in their extensive overseas operations.
π’ Oil prices rose, with Brent crude increasing by 0.9% to $81.55 a barrel, amid heightened fears of a broadening Middle East conflict following the assassination of a Hamas leader in Iran.
π΅ Barclays reported a second-quarter net profit of Β£1.2 billion, slightly down from last year but surpassing analyst expectations, amidst a significant restructuring and a 52% share price surge.
β’οΈ Meta Platforms Inc. reported better-than-expected Q2 sales of $39.1 billion, bolstering its AI and metaverse initiatives. #FACEBOOK shares rose 5% in late trading.
π Shell reported higher-than-expected second-quarter earnings, maintained its $3.5 billion quarterly buyback program, and reduced its net debt by over $2 billion. #RDSB stock is up 2.35%.
π BMW's earnings fell in the second quarter due to decreased demand in China, its largest market, amidst rising competition and higher capital expenditures. #BMW shares fell 1.08%.
That's it for today, guys! Click onπ if you liked our review, and see you soon!
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π’ Oil prices rose, with Brent crude increasing by 0.9% to $81.55 a barrel, amid heightened fears of a broadening Middle East conflict following the assassination of a Hamas leader in Iran.
That's it for today, guys! Click on
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π π΅ π»π¦ π All Eyes on XBRUSD!
π₯ On the H4, XBRUSD is in a long-term downtrend. After a short-term bullish momentum, the price has reached the trend line again, but the RSI shows divergence.
πΌ If the bulls push the price above the trend line and resistance at 81.70, the upside will be up to 84.50;
π½ A rebound from the trend line will bring Brent back to 78.30 support;
β Which side are you onβbullish or bearish?
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π π₯ π»π¦ π XAUUSD Outlook!
β‘οΈ On the H4 timeframe, XAUUSD rebounds off the 2355 resistance after a robust rise. The price exceeded the upper Bollinger Band and subsequently retraced. The RSI and MFI have crossed downward from the overbought zone, signaling potential intense selling pressure.
πΌ If gold rebounds from the 2420 support, the target will be the 2455 resistance;
π½ if the price breaches below the support, it may retreat to the 2390 level.
Hitπ if you agree with FBS analysts!
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