#MarketNews

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

🇨🇳 China cut LPR rates more than expected, boosting Chinese and Hong Kong stocks. Following the LPR cut, HIK50 rose to 20 530.

🥈 Gold continues to hit record highs, while silver is growing much faster for the second trading day in a row, up nearly 7%. Silver closed at a 12-year high. XAGUSD has risen to 34.00.

🛩 Boeing reached a tentative agreement to increase workers' wages by 35% over 4 years. The company has also started selling off unprofitable assets. #BA shares rose to 155.32.

📉 Since mid-July 2024, Berkshire Hathaway, owned by Buffett, has reduced its stake in Bank of America (BAC) by 25%. Sales are continuing and, according to CNBC, accelerating. BAC shares are trading at 42.32.

📆 CALENDAR FOR TODAY - 2024.10.21

🔥 Monday:

🇺🇸 FOMC Member Kashkari Speaks - 20:00 GMT+3

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

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👉🇻🇬🇻🇦🛸👈 bounced off the upper trendline in the descending channel and MA100. The DeMarker indicator has come out of an overbought condition, and the Parabolic SAR indicates the beginning of the decline.

#TradeIdea 👇

🔽Trade: Sell GBPUSD on a breakout below 1.3030;
🎯 TP: 1.2980;

Do you sell or buy GBPUSD?

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☄️Traders, the target is reached! XAUUSD updated the historical maximum again! 🥇

❤️ Thank you for your support! Stay tuned!

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👉🇻🇦🇨🇦🚀👈 may rise after the bullish flag pattern. The price crossed DEMA and TEMA upwards.

#TradeIdea 👇

🔼 Trade: Buy USDCAD on a breakout of 1.3825;
🎯 TP: 1.3880;

Hit 👍 if you agree! What are your targets?

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#TradeIdea

📉 US30 navigates within a rising wedge pattern and tests its lower border.
The Alligator's Lips line breaks below the Jaws line. The Momentum oscillator crosses the 100 level downwards, indicating a potential bearish sentiment.

🔽 Trade: short US30 on a break below 43220.
🎯 TP: 42800.

❓Do you agree? Share your thoughts in the comments below. 👇

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🔥 The wait is over!!! Join FBS expert Adetola Freeman for an epic AMA session today at 16:00 (GMT+3)!

💬 Ask your burning questions, gain expert knowledge, and power up your trades on major pairs and XAUUSD!

👉 Join here: https://t.me/fbsanalytics?livestream

👉🥇🇻🇦🚀👈 New Trade Idea!

🥇 XAUUSD has reached critical support at 161.8 Fibonacci, with RSI and %R showing overbought, so a minor correction to the trendline is possible.

#TradeIdea 👇

🔼 Trade: Buy XAUUSD on a breakout above 2735;
🎯 TP: 2800;

Click ❤️ if you want more XAUUSD analysis!

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👉💡▶️⏩XNGUSD is bullish! The price breaches above the trendline and the 200-MA at the 2.76 resistance level.
The Momentum crosses the 10-line up, confirming the bullish trend!

According to the European Commission, the EU is ready to stop the transit of Russian gas, which, according to FBS analysts, will only lead to a shortage of energy resources.

#TradeIdea 👇

🔼 Trade: Buy XNGUSD;
🎯 TP: 3.20.

Hit 👍 if you agree!

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👉💡▶️⏩NZDUSD Falls! The price broke below the descending pattern and the 0.6050 support.

🐻 The Momentum oscillator crossed the 100-line and the Parabolic SAR pointed above the price, giving a strong bearish sentiment.

#TradeIdea 👇

🔽 Trade: Sell NZDUSD;
🎯 TP: 0.5980.

❓ What is your vision of the NZDUSD pair?

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

💬 The San Francisco Fed President expects continued rate cuts, citing no reason to stop as inflation cools and labor market concerns persist. The current rate is 4.75% to 5%.

📈 Demand for the dollar surged as the US election approaches, with JPMorgan estimating bullish calls near two standard deviations above average, leaving room for more buying in the coming weeks.

🥈 Silver follows gold's lead, with analysts predicting it could surpass $40 an ounce by year-end due to ongoing supply shortages and rising demand.

🚀 Nvidia's stock surged on Monday, reaching a market cap of $3.525 trillion. It is the second company after Apple to hit this milestone, with shares up 190% in 2024. #NVIDIA shares are up 4.14%.

📆 CALENDAR FOR TODAY - 2024.10.22

🔥 Tuesday:

🇬🇧 BOE Gov Bailey Speaks - 16:25 GMT+3

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

#MarketNews

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👉🇪🇺🇻🇦👈 tests the trendline again in a bearish trend. RSI indicates a long-term divergence, and Momentum has risen above 100.0.

#TradeIdea 👇

🔼A break of the trendline above 1.0840 will start a correction to 1.0900;
🔽A bounce off the trendline will continue the decline to 1.0810 and 1.0780;

Click👍 if bullish, ❤️ if bearish! Write your targets in the comments!

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👉🥇🇻🇦👈XAUUSD moves in an ascending channel and tests the 2737 resistance, aligned with the 161.8 Fibonacci ratio.

🎢 The MACD histogram crosses the signal line and the MFI is in the overbought zone, giving a bearish sentiment.

#TradeIdea 👇

🔼 If the price breaks above the 161.8 Fibonacci, it may rise to 2815 and the 261.8 Fibonacci;
🔽 However, a rebound from the 2737 will drop the asset to 2685 support.

🥇 Will XAUUSD break the resistance? Share your thoughts!

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⤵️ 👉🇻🇦🇨🇦👈 could reverse at 3000 pips! Stochastic is overbought, making a possible fifth-time bounce with FVG overlap from OTE.

#Forecast 👇

🔽 Trade: Sell USDCAD on a bounce-off resistance;
🎯 TP: 1.3600;

❤️ if you agree! Write your opinion in the comments

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🎯 Target hit! 🎯

💥 Congratulations to everyone who rode this rally with us!

👇 Did you catch this move?

👉💵🇻🇦🚀👈 may continue to rise on a break of resistance and the nearest fractal as Momentum moved above 100.0 and +DI crossed -DI.

🔼 Trade: Buy XBRUSD on a breakout above 74.50;
🎯 TP: 76.10;

What do you expect from oil? Are you buying?

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