Get started

Inflationhedge

Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 29, 2024Technical Analysis and Outlook: Bitcoin has achieved a decisive breach of its weak Mean Resistance level 68400, and is now eying the completed Inner Coin Rally 72500 and significant Key Resistance level 73200. The market anticipates that attaining these levels will set in motion a major bull run, with the primary target being the Inner Coin Rally 78200 first. However, it is essential to note that a potential takedown may occur, which could result in a decline to 66700.
BITSTAMP:BTCUSD
by TradeSelecter
Interest Rate Cuts 3 Times This Year May Not Happen - Here's WhyMany interpreted from the latest FOMC meeting that the Fed is going to have three rate cuts this year, but Jerome Powell did not say that. Let me quote directly from his transcript: “If the economy evolves as projected, the median participant projects that the appropriate level of the federal funds rate will be 4.6 percent at the end of this year” And he added: “These projections are not a committee decision or plan” In today’s tutorial we will discover why so many of us got it wrong in what he is trying to tell us. And who are these participants? 10-Year Yield Futures Ticker: 10Y Minimum fluctuation: 0.001 Index points (1/10th basis point per annum) = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
FRED:FEDFUNDSLong
by konhow
2
S&P 500 Daily Chart Analysis For Week of March 15, 2024Technical Analysis and Outlook: Based on the chart analysis for March 8, it has been observed that the S&P 500 (Spooz) index has initiated a renewed downward trend from the completed Outer Index Rally 5170. The Spooz targets a newly created Mean Support level of 5096, which is anticipated to serve as a rebound point, enabling the index to retest the completed Outer Index Rally 5170. The subsequent important target for the index is the Outer Index Rally 5280. However, it is essential to note that there exists a possibility of the index experiencing a dip and resting at the Mean Support level of 5060.
SP:SPX
by TradeSelecter
2
EUR/USD Daily Chart Analysis For Week of March 15, 2024Technical Analysis and Outlook: During this week's trading, the Eurodollar had difficulty surpassing our Mean Resistance level of 1.097. As a result, it continued to move towards our Mean Support level of 1.087, which could lead to further selling pressure, resulting in a decline to the Mean Support level of 1.080. Nevertheless, the currency could reach the Inner Currency Dip of 1.100 before potentially resuming a bearish trend.
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of March 8, 2024Technical Analysis and Outlook: According to the chart analysis for March 1, the S&P 500 (Spooz) index continued to perform exceptionally well, achieving our expectations again. The index bounced off the solid Mean Support level of 5060 on March 5 and reached our designated target of the Outer Index Rally at 5170. This was a significant achievement, as it triggered designated a pivotal squeeze aimed back to the Mean Support level of 5060. The index has the potential to visit the well-established Mean Support level of 4950, which has proven to be a very steady level in the past. It is worth noting that once the pivotal pullback level is achieved, the index will continue its journey toward the outer index rally at 5280. This indicates that the index is on a steady upward trajectory and is expected to perform well in the near future, and traders and investors can expect positive investment returns.
SP:SPX
by TradeSelecter
3
EUR/USD Daily Chart Analysis For Week of March 8, 2024Technical Analysis and Outlook: In this week's trading, the Eurodollar saw a remarkable surge, breaking through our Mean Resistance levels of 1.085 and 1.090. The currency marched forward with significant momentum, leaving behind the previous trading range. However, based on the recent price trend and market analysis, we anticipate the Eurodollar will retrace its steps and move lower toward our projected Mean Support level of 1.087. This could trigger further selling pressure, leading to a decline to the Mean Support level of 1.080. Despite this, there is a possibility of the Eurodollar reaching the Inner Currency Dip of 1.100 before potentially resuming a bearish trend.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 8, 2024Technical Analysis and Outlook: Bitcoin's price has risen this week, surpassing Major Key Resistance 67530 and the all-time high of 69000. Its ongoing targets are the Inner Coin Rally 72500, the Next Inner Coin Rally 78200, and the Outer Coin Rally 81400. A slight dip to the Mean Sup at the 63800 price is expected before the next rally. Despite the increasing acceptance and rise in investor interest, the cryptocurrency Bitcoin remains subject to volatility and market fluctuations. As such, it is imperative to maintain rigorous vigilance over its price movements and market trends to make informed investment decisions.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of March 1, 2024Technical Analysis and Outlook: As indicated on the chart analysis for February 23, the S&P 500 (Spooz) index excelled yet again as expected, bouncing off the strong Mean Support 5060 and reaching a new high. The main up price target for the index is Outer Index Rally 5170, with a prospect of extending to the next Outer Index Rally 5280. Notwithstanding, once the 5170 level is accomplished, the index is expected to drop somewhat and continue its journey toward the Outer Index Rally at 5280. In view of the fact that the uptrend is so strong, we do not have any viable support or resistance levels for slower time frame charts (Swing/position trading mode). We will monitor the price action this upcoming week and determine what and when we should unload or exit the market.
SP:SPX
by TradeSelecter
Cotton # 2 Futures. The Epic 52-Week Highs BreakthroughThe main technical graph is for Cotton # 2 Futures that firmly up this year, with solid 13.5 percent performance in 2024 to this time. The weekly Commitment of Traders report showed managed money cotton traders dropped 6k existing shorts and added 11.6k new longs during the week that ended 2/6. That raised their net long to 46,344 contracts. Commercial cotton hedgers added 17.5k short hedges for a 90,540 contract net short as of 2/6. NOAA’s 7-day QPF has another band of heavy precip for the South/East. From the Gulf of TX through TN/NC/KY accumulations top out near 4”. Most of Northern LA, North/Central MS, Northern AL, and Northern GA will get ~2”. Central TX cotton area will also get ¾ to 1 ½” of precip to build up soil moisture reserves. Yesterday’s Drought Monitor confirmed there was still some D3-D4 in Northeast MS, but the total D3-D4 area has fallen from 29% to 2% since December 5th for the South-Southeast. The monthly WASDE update showed a 150k bale lighter domestic cotton use, now at 1.75 million bales. Exports, however, were raised by 200k bales to offset. On net ending stocks tightened by 100k to 2.8 million in the report. The main technical graph for Cotton # 2 futures ICEUS:CT1! indicates on 52-week highs breakthrough, as massive 20-years SMA supported the price over the past 12-15 months. Weekly RSI(14) sub chart is to confirm this epic breakout, while COT data says, Largest speculators are still positive in net position all the time, keeping calm above Zero-level, while producers are to massively sell the production.
ICEUS:CT1!
by Pandorra
S&P 500 Daily Chart Analysis For Week of Feb 23, 2024Technical Analysis and Outlook: As indicated on the chart analysis for February 16th, the S&P 500 (Spooz) index shined as expected and reached a new high, surpassing all resistance and index rallies, including Key Resistance at 5029, Outer Index Rally at 5035, and 5072. However, its current price action is in retreat, and it is entering a pivotal squeeze mode - a period of consolidation where the index is expected to remain within a narrow range or drop significantly lower to take a breather - Time will tell. The main down price target for the index is Mean Support at 5060, with a possibility of extending to Mean Support at 4950. Once one or both of these levels are accomplished, the index is expected to rebound strongly and continue its journey toward the Outer Index Rally at 5170.
SP:SPX
by TradeSelecter
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.
BITSTAMP:BTCUSD
by TradeSelecter
XAUUSD FOMC UP then Downtrend❤️MY FOREX TEAM❤️ INFORMATION Gold (XAU/USD) rose for the fourth straight session on Tuesday (+0.50% to $2,027), firmly establishing itself above the $2,025 mark, supported by declining U.S. Treasury yields and a subdued U.S. dollar, with risk-averse sentiment on Wall Street likely reinforcing the metal’s advance. 💲BUY GOLD 💲 💲SELL GOLD 💲 Signal Updates in chart. Followers continuously receive update. Everyone success..👍👍👍 ❤️MY FOREX TEAM - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE FOMC MINUTES IN FEW HOURS ❤️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
FOREXCOM:XAUUSDShort
by My_Forex_Team
EUR/USD Daily Chart Analysis For Week of Feb 16, 2024Technical Analysis and Outlook: The Eurodollar experienced a decline during this week's trading session. It crossed our Mean Support level of 1.074 and Inner Currency level of 0.075 before quickly bouncing back to the Mean Resistance level of 1.079. Currently, the currency is in a primary downward trend and is expected to continue until it reaches the Inner Currency Dip of 1.065 via Mean Sup 1.071. However, an intermediate price trading at Mean Res 1.079 may cause a potential extension to 1.084.
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook: The S&P 500 index has reached and surpassed our Inner Index Rally 4980, and we expect it to continue to rise in the upcoming week. Our projection is that it will fill the five-handle gap to reach an Outer Index Rally 5035 and then continue to Inner Index Rally 5072. However, we anticipate potential pullbacks in the market at this level. Notwithstanding, if there is a down move or gap-down before reaching the 5035 price, the Mean Sup 4985 will be the primary target. It is essential to monitor the price action carefully in the first three days of the upcoming week's session to make informed trading entry decisions.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook: The Eurodollar traded lower in this week's trading session by completing our Inner Currency Dip of 1.075 and settling in a tight range, hovering above our Mean Sup 1.074 and under Mean Res 1.079. The Eurodollar is in a primary downward trend, which will continue until the support level marked at Mean Support of 1.074 and the Inner Currency Dip of 1.075 is broken. Once these levels are eliminated, the currency will continue to decline toward the next Inner Currency Dip of 1.065. However, an intermediate upward movement is possible, in which case the currency might retest the Mean Support level of 1.084.
by TradeSelecter
Market is Sensitive to what Jerome Powell is SayingAt the latest FOMC meeting on January 31st, Jerome Powell stated, 'The Fed is not ready to start cutting,' which immediately caused the yield to pivot higher. During an recent interview on Sunday, February 4th, he reiterated that the US central bank is not yet prepared to cut interest rates, resulting in another increase in the yield. Today, we will discuss the direction of the yield or interest rates in the coming months, as well as why the Fed is carefully considering its decision to cut rates this time. My name is Kon How, my work in this channel, as always, is to study behavioral science in finance, discover correlations between different markets, and uncover potential opportunities. Micro 10-Year Yield Futures Ticker: 10Y 0.001 Index points (1/10th basis point per annum) = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CBOT_MINI:10Y1!Long
by konhow
S&P 500 Daily Chart Analysis For Week of Feb 2, 2024Technical Analysis and Outlook: During the recent trading session, the Spooz (S&P 500) experienced a dip toward the Mean Support level of 4845 for an excellent Buy signal placement. The prices ricocheted strongly toward the Inner Index Rally level of 4980, reaching a high of 4975. Looking ahead to the upcoming week, we anticipate that the price will fill in the five-handle gap from the previous week's price action, which could lead to a significant pullback. That said, if the price continues to move slowly, steadily, or in a tight range, it may indicate a minor pullback before continuing on an upward trajectory toward the Outer Index Rally level of 5935. However, the violent or gap-down price movement will signal that Mean Sup 4845 is again a legitimate target. Overall, careful monitoring of the price action on the first two days of the upcoming week's session is crucial for making informed trading entry decisions.
SP:SPX
by TradeSelecter
3
S&P 500 Daily Chart Analysis For Week of Jan 26, 2024Technical Analysis and Outlook: Spooz has completed the Inner Index Rally at 4882 and is continuing its upward movement toward a higher target; the Outer Index Rally marked at 4980. However, once we reach the designated target, there is a possibility of a squeeze that could cause prices to drop to the Mean Support level of 4845. In the meantime, the index may retest the Mean Support level of 4845 before continuing its upward trend.
SP:SPX
by TradeSelecter