EUR/USD Daily Chart Analysis For Week of Aug 2, 2024Technical Analysis and Outlook:
In the most recent trading session, the Eurodollar displayed its ability to recover from the completed Inner Currency Dip of 1.082 and Mean Support levels of 1.081 and 1.078. The prevailing analysis indicates a sustained upward trajectory toward a Mean Support level and its associated completed Inner Currency Dip of 1.094. These critical targets may prompt swift downward movements toward a Mean Support of 1.083, potentially extending to target the subsequent Mean Support level of 1.078.
Geopolitics
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 2, 2024Technical Analysis and Outlook:
Bitcoin experienced a significant drop from an attempt to complete the Inner Coin Rally of 70400. However, the Mean Resistance 68200 was the main barrier during this week's trading session. The overall trend suggests a recovery towards Mean Resistance 65300, with a possible extension to Mean Resistance 68200 and Inner Coin Rally 70400. There may be interim downward pressure toward the Mean Support at 55800 before the coin resumes its up movement.
The Silent Assassin - A New Era of Targeted WarfareDelve into the world of precision weaponry with a deep dive into the Lockheed Martin AGM-114 R9X. This non-explosive missile, designed for targeted elimination, challenges traditional warfare concepts. Explore its technical capabilities, potential implications for global security, and ethical considerations.
This analysis explores the Lockheed Martin AGM-114 R9X, a specialized missile designed for precision strikes with minimal collateral damage. Often referred to as the 'Ninja Missile,' the R9X has gained notoriety for its role in high-profile operations. This article delves into the technical specifications, operational history, and implications of this unconventional weapon system.
Key Points:
Detailed technical breakdown of the R9X's design and functioning.
Analysis of the R9X's role in counterterrorism operations, particularly the killing of Ayman al-Zawahiri.
Examination of the ethical and legal implications of using such a weapon.
Comparative analysis of the R9X with other precision strike systems.
Assessment of the R9X's potential for future development and applications.
Let's Focus on the Ethical Implications of the R9X
The ethical dimensions of the R9X are particularly compelling. Given its precision and the potential to minimize civilian casualties, it raises complex questions about the changing nature of warfare.
Hellfire is a low-collateral damage, precision air-to-ground missile with semi-active laser guidance for use against light armor and personnel.
Missiles are used on the MQ-9 Reaper. AFSOC dropped previous plans to integrate the weapons onto its AC-130W gunships in favor of the Small Glide Munition.
Hellfire is procured through the Army, and numerous variants are utilized based on overseas contingency demands. An MQ-1 Predator employed Hellfire in combat for the first time in Afghanistan on Oct. 7, 2001.
The latest AGM-114R replaces several types with a single, multitarget weapon, and USAF is also buying variable Height-of-Burst (HOB) kits to enhance lethality.
The next-generation Joint Air-to-Ground Missile (JAGM) is also procured via the Army, and adds a new multimode guidance section to the AGM-114R. JAGM is used against high-value moving or stationary targets in all weather. FY21 funds 2,497 Hellfire/JAGM via a common production contract.
EUR/USD Daily Chart Analysis For Week of July 5, 2024Technical Analysis and Outlook:
During this week's trading session, the Eurodollar has surpassed the Mean Resistance level of 1.074 and is currently positioned below the Mean Resistance level of 1.085. The present analysis indicates a potential down movement for the Euro to the Mean Resistance level of 1.078 and subsequently decrease to the Mean Support level of 1.074. However, it is essential to acknowledge the potential for an upward extension towards the Mean Resistance level of 1.090.
LMT a defense large cap dips for buyers LONGLMT has been flat sideways since a good earnings beat 5 weeks ago. Lockheed Martin as a
defense contractor is in a growth environment with the US supplying arms to Ukraine as well
a Isreal. Domestic stockpiles and those of NATO are somewhat depleted. The contraacts will not
catch up for years. Gone are the days of making face masks and gowns during COVID to keep
revenues flowing in. I see this 2% dip as a change to get a small discount on what should
be a stock with upside for some years to come. This is a long swing trade not expectant of
a 3-4% profit in a week. I expect to hold this at least until the next earnings if not through
the presidential elections where the defense and national security perspectives of the
incoming or returning president may be a factor in the fundamentals of defense contractors.
USO / UCO a play on barrel oil shock LONGUCO is shown here as a one month trend - It is sitting on the rising support tendline about
2% below the recent high. Oil prices contribute to inflation. Anyone in the USA is aware of
gasoline prices at the pump. Geopolitics plays into price. At present, US Navy warships are
consuming refined oil and heading to the Middle East. Iran and Russia are sanctioned and must
sell oil on the global market ( primarily India and China ) at artificially low prices. If Iran
retaliates against Isreal, its oil infrastructure will be bombed back into the Stone Age in less
than a day or two by the US. Global oil prices will spike nearly instantly from spot oil to
futures. US Domestic producers will benefit ; the insane net cash flow to them will
dramatically increase quickly. Russia will sell more oil to make up for Iran being taken off
supply but will not capitalize so much given the sanctions. The price of oil will likely go
north of $100 USD / barrel and potentially higher. Iran could go nuclear and any residual
oil infrastructure would be turned into a quagmire of scrap metal in another day of work for
the US Navy bombers and the fighter jets that escort them into strategic missions.
Defense contractor stocks will spike as well. This could be a black swan event.
My trading dictates that I add to my positions and average in until price goes against my idea.
I am increasing my positions in gold and silver along with ETFs inversing the indices banks
and financial stocks until the dust is settled. This includes any plays on VIX. I will also look
at individual domestic oil stocks as well as junior precious metal miners.
US30 (Technical and Geopolitical Weekly Analysis)Technical and Geopolitical Analysis:
The previous weekly chart indicated a strong upward movement, but the market is now poised to react to geopolitical pressures, particularly the tensions between China and Taiwan, expected to intensify this week and continue into next month.
Technical Analysis:
Bullish Scenario: If the price stabilizes above 38,700, it is likely to move between 38,700 and 40,050. Any sustained stability above 40,005 will signal a continuation of the bullish trend, potentially reaching 40,970. A retest at 40,005 could occur before the bullish trend resumes.
Bearish Scenario: The bearish trend will be confirmed if the price closes below 38,700 on at least the daily chart, targeting 37,990. The next significant support level is 36,460, which is strong support for this year.
Key Levels:
Pivot Line: 38,700
Resistance Prices: 39,500, 40,005, 40,970
Support Prices: 38,300, 37,990, 36,460
The expected trading range will be between the support at 37,990 and the resistance at 40,050.
OIL - Getting Slippery?🩸Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 After breaking below the last major low marked in red at $84.5, OIL has been overall bearish , trading within the rising channel in blue.
📈 For the bulls to regain control, a break above the last major high marked in blue is needed.
📚 Meanwhile, OIL would be bearish and can still trade lower to test the $75 - $76.25 support zone.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USD on the Rise? Concerns for the EUR. We'll see at 07:30 CSTUSD trying to gain a foothold after yesterdays lows due to a Higher than Expected Unemployment Claims report.
The DXY dipped high in the morning from around 105.740, dropping to a low of around 105.200 and then went up slightly into a consolidating in a range from 105.332 high to 105.204 low.
That being said USDCAD took a hard drop yesterday.
These moves were beneficial to the AUDUSD & NZDUSD pairs as AUDUSD soared to a high of around 0.66230, retracing back to around 0.65994 before rising slightly into a consolidation pattern.
NZD had the same affect reaching a high of around 0.60400 before retracing to a low of 0.60142, retracing near the high before settling down into consolidation.
EUR pairs having the same reaction .
GBP & EUR news releases early this morning being mostly favorable for the pairs, USD trying to get a footing with the demand of Gold & Silver still on the rise, we're seeing some uncertainty in the market as we come to an end of weeks closing.
Awaiting further CAD Unemployment Claims report scheduled later this morning at 07:30 CST, this could be a make it or break it moment for the USD as we come to a close, pushing us into a Reversal for the week ahead or pushing us further down.
Good Hunting Traders.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of April 25, 2024Technical Analysis and Outlook:
Bitcoin's trading this week has been volatile, fluctuating around our Mean Resistance level of 65600. Our Key Support level of 61300 will likely soon be retested once again, which could serve as a launching pad for a new Bull Stage rally. The target for this rally would be the newly established Mean Resistance level of 66900 and beyond.
BTCUSD falls and starts recovery after geopolitical spike LONGBitcoin on a 30 minute chart fell with reports of the Israeli active retaliatory strikes in the
heart of Iran's military and industrial infrastructure in a unilateral action. Iraq has not launched
a responsive action as yet. On the chart, price had been stable and sideways in the 64000
range but fell to about 6000 and then recovered to nearly 62,000. I see this as an opportunity
to buy BTCUSD at a 3-4% discount going into the halfing period. I will add to a long position.
It end up being averaging down or in the alternative getting a solid base for the run up that
pundits say will soon come. My initial target to take profit on 10% of the position and raise the
stop loss, based on a Fibonacci level is 66800.
INDO- an Asian oil company jumps on geopolitical event LONGINDO may have spontaneously did a moonshort buy more likely it was the geopolitical
issues of Iran and a hypothetical reginal conflict impacting Iranian oil exports and the effect
on oil prices and energy companies everywhere including in Indonesia where INDO is based.
The chart shows abrupt volume and volatility out of no where almost instantly.
On deeper analysis, INDO started moving about April 1st the same date Israel successfully
targeted Iranian generals directing operations through proxies in the ambassadorship complex
in Damascus. This chart underscores how geopolitics can and does affect certain markets
in real time. The conflict is on pause while both sides and their allies assess strategic options.
I believe that INDO could continue but then again its momentum could fail and it could roll over
and fall Watching oil price will be a tip off here. Penny stocks are like catching a knife flying in
the air and then trying to throw it higher. There is some risk involved in hunting the reward.
Crude Oil's Bull Run No Signs of Stopping: Will It Soon Hit $90?Hi Realistic Traders, let's discuss the latest surge in WTI Crude Oil Price
Why have Oil prices surged?
In the second quarter of 2024, Russia plans to cut its crude oil production in line with OPEC+ agreements, gradually reducing output each month from April to June. This decision follows earlier cuts made in April 2023 and March 2024, with export reductions also phased in gradually.
Meanwhile, tensions between Ukraine and Russia escalated over the weekend with both sides conducting airstrikes. Russia targeted Ukraine's western region of Lyiv and the capital, Kyiv, on Sunday, following drone strikes on Russian oil refineries in the Samara region on Saturday. In retaliation, Russia attacked Ukraine's energy infrastructure on Friday. These developments have heightened concerns about further escalation.
After talking about the fundamental drivers, now let's delve into the technical analysis:
In our technical analysis, we have identified several significant indicators suggesting a bullish trend in WTI Crude Oil. The consistent movement of the price above the EMA200 line indicates robust bullish momentum within the market. Moreover, the formation of both a Symmetrical Triangle and a Falling Wedge pattern implies a continuation of the bullish trend. The recent breakout from these patterns further reinforces the potential for an upward movement toward the target area. Additionally, the upward momentum indicated by the momentum indicator confirms the prevailing bullish sentiment in WTI Crude Oil. In summary, these technical signals collectively also support a favorable bullish outlook for the designated target.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on TVC:USOIL ."
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🔥❤️GOLD TO 2370-2390🔥❤️❤️MY FOREX TEAM❤️
INFORMATION
Gold price continues to rise amid growing geopolitical tensions. Gold prices hit record highs above $2,350 even as rate cut bets ease. A rally in gold persisted even as technical indicators showed the yellow metal was squarely in overbought territory.
💲BUY / SELL SIGNAL UPDATES SHORTLY💲 Follow channel for regular updates
Everyone success..👍👍👍
❤️MY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
Gold price soars, supported by weakening US Dollar in face of high Treasury yields.
XAU/USD was boosted by Fed Chair Powell hinting at rate cuts within the year, contingent on sustained inflation decline.
Despite a strong job market as shown by ADP data, indications of a slowdown in services activity contribute to the precious metal's gains.
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
EUR/USD Daily Chart Analysis For Week of March 1, 2024Technical Analysis and Outlook:
In this week's trading, the Eurodollar lacked significant price movement, revolving around the Mean Resistance level of 1.085. This means that the currency has been experiencing a period of consolidation with no clear direction. However, based on recent price trends, we expect the Eurodollar to move towards our Mean Support level of 1.077. This may trigger further downward movement, leading to an additional decline.
If the downward movement continues, the Eurodollar could reach the Inner Currency Dip at 1.065, which is the primary target. The Inner Currency Dip 1.065 is where the currency is expected to have the most significant support, and a reversal in trend can often occur. However, this decline will happen gradually, with Mean Support levels at 1.070 and 1.067 as intermediate upside price effects.
It's important to note that various factors, such as economic data releases, political developments, and global events, can influence the Eurodollar's movement.
CVX drops and then starts to recover LONGCVX today dropped suddenly for unclear reasons. The possibility of a Israeli - Hamas War
cease-fire may have led to expectations that oil prices would fall as the shipping
quagmire in the Red Sea might stabilize. Later in the day OPEC+ announced a raised target of
$ 1.00 per barrel higher which on balance seems to be an offset maneuver. CVS in the drop
lost 2% printed a bear flag in about 90 minutes. i will use this opportunity to buy some all
options for September after the height of the summer driving seasons to add to my positions
in the futures ETF USO and OXY.
BOIL is starting to get hot ( 3X Natural Gas ETF)as shown on the 15 minute chart is rising in an ascending parallel channel and is suitable
for a long buy entry when the indicators are triggered. The onslaught of winter cold, the
sanctions against Russian gas exports and inflationary pressure on commodities all bode well
for the trend up for natural gas on forex and equities markets. See also my idea linked below
for a view of the chart from the 4H time frame.
EUR/USD Daily Chart Analysis For Week of Feb 23, 2024Technical Analysis and Outlook:
the current week's trading, the Eurodollar has demonstrated remarkable resilience and a keen ability to withstand significant pressure. After initially facing a considerable challenge against our Mean Resistance level at 1.084, the currency has managed to push past it briefly, indicating a bullish trend. However, the bullish run has been short-lived, as the Eurodollar has retreated to its original position, pointing to a potential bearish trend.
Based on recent price action, we anticipate the currency to move towards our Mean Support level at 1.077, which could trigger a further downward slide. If this downward slide occurs, the currency could reach the Inner Currency Dip at 1.065, which will be the primary target. However, this decline may happen gradually, with Mean Support levels at 1.070 and 1.067 acting as intermediate targets.
Overall, the data suggests that the Eurodollar may experience a bearish trend shortly, and traders should consider this while making their investment decisions.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 23, 2024Technical Analysis and Outlook:
Throughout this week's trading, Bitcoin has been showing a lot of gyration, with its price moving back and forth between two key levels: our Mean Resistance level of 52500/completed Coin Rally level of 53000, and newly created support at 50600 during this period indicating that the price has found some stability.
However, despite these developments, the price of Bitcoin may experience a further decline and test our Mean Support level of 49700. If this happens, it could be an opportunity for traders to buy at a lower price before the coin takes off to retest Mean Res 52500, completed Coin Rally 53000, and galop to new highs.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 16, 2024Technical Analysis and Outlook:
The chart analysis on February 9th shows how powerful the Trade Selector System is to this Trading View platform. Bitcoin has completed the second phase of the reignited rebound extension phase, also known as the "Outer Coin Rally 53000". Currently, this analysis shows the downside price action is in pivotal squeeze mode; it is expected to rebound and retest Mean Res 52500. Moreover, completing the Outer Coin Rally 53000 from this spot is imminent.
Could India continue to drive returns for Emerging Markets?India shined as one of the best performing markets globally in 2023 despite high global inflation, rising interest rates, and unstable geopolitics. The Sensex and Nifty, two widely followed benchmarks for the Indian markets, grew 19.57% and 21.11% respectively in US Dollar (USD) terms1.
India’s economy displayed strong local retail demand, moderate inflation, stable interest rates and healthy foreign exchange reserves. India also enjoyed relatively healthy relations with most major economies of the world and cautiously navigated the geopolitical conflicts.
As we look ahead in 2024, we remain confident that India, driven by a host of macroeconomic factors, is a long-term story and one that could last for years if not decades to come. National elections are due to be held around May 2024. Current Prime Minister Narendra Modi is seeking a historic third term and it is highly likely that the ruling party, Bharatiya Janata Party (BJP), will once again win with a full majority.
India benefits from Modi’s pro-business and pro-growth policies and a stable political environment further boosts prospects to realise rapid growth. We analysed the performance of BSE Sensex, one of the widely followed benchmarks of the Indian stock market, pre and post elections.
On average, the Indian markets displayed positive performance, delivering over 31% returns over the year leading up to elections, combined with the year after election results. This is despite the global financial crisis of 2008, and the COVID-19 drawdown negatively impacting the performance leading to 2009 elections, and after the 2019 elections respectively. We expect this trend to continue with the likely return of the incumbent government.
Of course, should Modi lose, some of the recent gains might reverse. However, that seems highly unlikely, given the state of opposition, as multiple political parties, including some with completely unaligned agendas have joined hands to prevent a third Modi term. This was evident over the five recent elections in which the BJP won by huge majority in three of the largest states with a high proportion of the Lok Sabha (national election) constituencies.
Other important factors that investors might want to keep an eye on during the year:
1. Rate cuts – The Federal Reserve’s pace and timing on rate cuts will impact global markets and India is no different. The quicker and higher the cuts, the more the capital expected to be diverted towards equities, and with a strong momentum from the previous year, India might be one of the top picks in the Emerging Markets.
2. Crude oil prices – The Indian economy heavily depends on the import of crude oil. The higher the crude oil prices, the more the stress on India’s foreign current accounts. Drops in crude oil could help India’s economy grow faster and allow more room for spending on growth and infrastructure. India is simultaneously also working to reduce dependency on crude oil by diversifying into ethanol. Over the last few years, ethanol production has increased manifold and there is rising pressure to increase the usage of ethanol-blended fuel to power vehicles. This could potentially save the country much needed cash and help direct it to fuel economic growth and reduce fiscal deficits.
3. China decoupling – India has emerged as one of the most credible contenders to help diversify manufacturing out of China. For example, Apple established a considerable footprint and plans to scale up operations multi-fold; significant investments and subsidies were introduced to attract semiconductor companies from Taiwan; and there are also suggestions that Tesla is looking to enter India with a USD 2 billion investment into a manufacturing facility based in the state of Gujrat.
One of the most iconic policies of the current government over the last decade has been ‘Make in India’. The government will be pushing hard to attract more companies to set up manufacturing plants in India and leverage the success of ‘Make in India’ among voters.
4. Geopolitical instability – India has been relatively less impacted by geopolitical conflicts around the globe. India maintained its neutral stance and successfully managed to stand firm despite pressure from the west by importing discounted oil from Russia to ensure its energy security, while at the same time pitched itself as a closer ally to the US to counter the growing China threat.
5. Retail flows – In the recent years, India witnessed increasing participation of retail investors in the stock market. There are 80 million unique investors in the Indian stock markets that invest through the NSE.2 Moreover, the size of mutual fund AUM is around 24% currently compared to 11% a decade ago. The strong retail presence helps add stability to the Indian markets in events of global instability and Foreign Institutional Investor (FII) outflows.
Conclusion
We strongly believe that India is a multi-decade story, and we are in very early stages of it. India has made tremendous progress in privatising corruption and debt-ridden state-owned companies, with disinvestments fetching USD 50 billion for the government over the last 10 years, out of which close to USD 40 billion was realised from sales of minority stakes, while close to USD 10 billion was realised from strategic transactions in 10 CPSEs – with the most notable being Air India3. This has helped in making companies more accountable to investors and more accessible via the stock market.
Sources
1 Source: WisdomTree, Bloomberg.
2 Source: According to recent comments from CEO of National Stock Exchange (NSE)
3 See: Disinvestment fetches over Rs 4.20 lakh cr in 10 years but target to be missed again in FY24, December 2023
This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
EUR/USD Daily Chart Analysis For Week of Feb 2, 2024Technical Analysis and Outlook:
During this week's trading session, the Eurodollar exhibited a high degree of fluctuation and volatility, revolving around our Mean Support level of 1.084. Despite the fluctuations, the currency failed to rise above our Mean Resistance level of 1.090 to sustain a meaningful rebound. Currently, the Eurodollar is in a primary downward trend, which will continue until the support level marked at Mean Support 1.076 and the Inner Currency Dip level of 1.075 are breached. Once these levels are eliminated, the currency will continue to decline towards the next Inner Currency Dip of 1.065.
However, there is a possibility of an upward movement, in which case the currency might retest the Mean Support level of 1.090 once again before continuing its downward trend. It is important to note that breaching the Mean Resistance level of 1.090 is essential for a sustained dead-cat rebound. Therefore, traders should observe these levels closely and trade accordingly to make the most of the current market situation.