EURUSD after FED Yesterday, the interest rates were raised by 0.75%.
That led to move towards the parity and a big rejection wick- just as expected.
Aggressive entries could've been made right after the news.
We can now expect that this downside move will continue.
The next confirmation would be after a test of 0,9870 and another rejection.
In order for this move to continue, price shouldn't break above 0,9976.
The next target is 0,9750!
Interestrates
BTC warning from last post for bullsAs I explained in my last post earlier today , the internet rate hike may not necesarily ensure a bull trend because as in nature , the laws of moving averages and other indicators must eventually be respected and followed.
The candlestick did Indeed fall bellow a support key level on the 4hr chart following the spike upwards of the bars pump.
I still contend that the price should be expected to reach the MA 200 on the 4 hr prior to heading back up .
S&P 500 RECESSION ANALYSIS!EARLIER, i had posted saying if the us markets goes further down what will be there point. (check the link section)
lets go on further,
recession means what earned everything lost, reached its breakeven point. what profit gained has gone away, with net having no loss and no profit.
FIBONACCI ANALYSIS: Fibonacci describes this statement in a very beautiful manner. if the price is trading at the 0.5 level then it is has reached its recession point.
although do note that 0.5 level is also a deciding level. okay, i will come to this later.
lets talk about this idea that why is the US started recovering.
interest rates had started coming down, and the indices are reacting very positively towards it.
i have explained to Fibonacci that now the recession has been completed according to this indicator.
MOVING AVERAGES(50 AND 100): both the moving averages(50 and 100), are meeting at one point, and they will now repel and move upwards.
RSI: yet it needs to give a breakout, but is definitely showing divergence(the two purple lines), relating to price action
TREND LINES: THE BLUE TREND LINE: yet needs to be breached, and yes this is the move that will make the break of it.
many of the great tech stocks have massively come down, and now they are showing divergence and a good upside move is gonna come.
FINAL WORDS: US markets will have a boom in their upside movement, as many of them kept on selling their positions, and such the interest rates have started coming down and will become normal within 1-2 years, so from now onwards the next year will be a great run for the US markets.
i will come to my point which i earlier which i had left in the middle, in my previous s&p analysis(link below), i had mentioned if s&p goes further down then recession stage, then at what point will it go down, and what will be the levels furtheron.
but since interest rates have started coming down, and mostly all the other economical news has been factored, i say that now there is a great space that us markets can have there bull run, and they will have, because its so clear that markets are tend to go upside, and they are the ones who react at first.
thank you.
XAUUSD - KOG REPORT - FOMC!This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price.
Really short FOMC Report today as we're already taking advantage of the range and shorting from above.
Illustrated on the chart are the key levels to look for if there is an FOMC move! Its likely to be priced in, however, the press conference with Powell after the statement may move the market. We'll be looking again for extreme levels to long or short the market, anything in between we'll leave for intraday trading as we don't really want to get caught mid-move.
From Camelot this morning:
XAUUSD 02/11/22 1H
Support: 1639 / 1635 / 1630 / 1624 / 1620 / 1613
Resistance: 1645 / 1654 / 1667 / 1670 / 1675 / 1681
KOGs Bias for the day:
Bearish below 1655 with targets below 1630 and below that 1613
Bullish on break of 1655 with targets above 1665 and above that 1680
Summary:
Excalibur target above which we said yesterday was likely. Let’s see how the price reacts around the 60-65 region if it gets there. Plan remains the same until we break and hold above the key level.
FOMC today so please take it easy on the markets. Don’t risk your accounts for one hit wonder trades!
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
EURUSD before FED Today, we have news that will determine the next move on the dollar.
There is a higher probability for a strong USD but the market could also surprise us and that's why it will be probably best to trade after the news.
The main sell scenario would be to wait for price to reach the parity level and leave a rejection wick there.
However, if it reaches the parity level with a bullish impulse and it doesn't show rejection, we won't be looking to sell!
We may see tricky moves in both directions and that's why we need patience!
DJI come with me to see this sadly story...The DJI after this mini-bull run makes many people get confused about the economy and, if we are in the bottom of the correction but the things is this movements aren't natural and are made just for make think the people the situation is under control and ¨this gonna be temporary¨ but the reality is this are just the first consequences of 2008/2020 and the massive money print behind of those crisis.
If in FOMC'S meet Powell decides to make an increase on the interest rate higher that the previous (0.75) will confirm the situation is gonna get worse in the market and in the economy in general.
Bitcoin Looks so BearishHello friends.
i saw a big and bad shape marobuzu candle.
did you see it?
we back under MA55 and after a pullback to it (22100 level) i think
we should preapre to breakdown 20500 level and go toward 19000 again.
please control your Risks.
Protect from capital is the first step for any trader and investor.
be patience...
we dont have good economic conditions.
and winter is coming...
the weather will be cold and europe cant be warm...
when you cant warm yourself , you cant buy bitcoin certainly.
and
US interest rate will grow another 0.75 in coming months...
share me your opinion please.
hope all of you enjoy my analysis.
Important week for EURUSD This week, we have FED Interest Rates.
This is the most important event for the market right now!
We're probably going to see big fluctuations in price and the best opportunities will be after the news on Wednesday.
One option is to wait for EURUSD to go near 1,0090 and see if there will be a rejection during the news.
If price action confirms the entry, then that will be a great setup.
We're not sure if price will rise and reach that level so we don't recommend looking to buy immediately!
CaixaBank (CABK.mc) bearish scenarioThe technical figure Triangle can be found in the daily chart of the Spanish company CaixaBank, S.A. (CABK.mc). CaixaBank, S.A., is a Spanish multinational financial services company. It is Spain's third-largest lender by market value, after Banco Santander and BBVA. CaixaBank has 5,397 branches to serve its 15.8 million customers, and has the most extensive branch network in the Spanish market. It is listed in the Bolsa de Madrid and is part of the IBEX 35. The Triangle broke through the support line on 29/10/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 12 days towards 2.850 EUR. Your stop-loss order, according to experts, should be placed at 3.5860 EUR if you decide to enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
The week ahead - AUD (31 October 2022)AUDUSD reversed from the 0.6520 high last week to sit just above the 0.64 support level, ending the 250pip swing last week.
The RBA interest rate decision is due on Tuesday and the expectation is for a rate hike of 25bps taking interest rates from 2.60% to 2.85%. In the previous meeting, the RBA conveyed that it was looking to tune back on the scale of future rate increases. However, recent CPI data from Australia indicated that inflation was still increasing, which might force the RBA to rethink the decision to slow down on the rate hikes.
From the previous RBA rate decision, the price spiked up but was not able to sustain a move higher, only to trade lower later into the week. (check the previous RBA interest rates analysis)
Check the DXY analysis, if the DXY does strengthen due to the FOMC interest rate decision, the AUDUSD could first fluctuate along the 0.64 price level before trading lower towards the 0.6170 support level.
The week ahead - DXY (31 October 2022)Towards the end of last week, the DXY showed some recovery as it bounced from the 109.50 price area to retest the 111.00 price level. However, the DXY retraced to 110.66 to end the trading week.
This will be a big week for the DXY, with the release of the decision of the FOMC regarding the Funds Rate, Statement, and the accompanying press conference due on Thursday. Rather than the interest rate decision, focus more on the forward guidance regarding the path of future rate decisions and the FOMC's view of economic performance.
If the DXY fails to trade above the 111 price level early in the week, the DXY is likely to continue to slide and retest the support area of 110 and 109.30.
Recent weakness in the US economic data had provided some doubt as to whether the FOMC will persist with its current aggressive path of rate hikes, hence the slide in the DXY. The FOMC is forecasted to increase by 75bps, taking interest rates to 4.00% at the upcoming meeting. This decision is likely to have been priced in already.
At the last meeting, the DXY traded higher from the 111 price level, which started the climb toward the high of 114.77. This time, look for the DXY to bounce from the support area possibly toward the 112 resistance level
Following the rates decision, on Friday, we'll have the release of key employment data for the US, the Non-Farm (NFP) employment change. The forecast is for a 200k change, from the previous 263k, with the unemployment rate expected to increase slightly to 3.6%.
Depending on the reaction from the FOMC news, the NFP news event is likely to have little impact unless there is a significant surprise in the data release.
(Stay tuned for further updates throughout the week)
Gold to Find Support?Gold has dipped, as anticipated. We punched through $1658 and are heading for $1640. The Kovach OBV has turned sharply downward, suggesting that we will need significant momentum in order to pivot off these levels. We should see some support at $1640 but if not, lows at $1629 should provide further support. If we somehow pivot, then $1658 should provide resistance with $1683 a ceiling.
Bonds Retrace from our LevelBonds hit resistance at 111'26, dipping back to support at 110'27. We anticipated this in our reports yesterday. It is likely we will continue the sideways correction from here, bound between these two levels. If ZN can break out, then 113'12 is the next target. We expect 110'05 to be a floor for now.
ECB Interest Rate Decision PreparationThe ECB is due to release its interest rate decision today 8:15pm (GMT+8)
The current market forecast is for a 75bps hike, taking the interest rate from 1.25% to 2.00%. This decision is likely to have been fully priced in.
The EURUSD had climbed to reach a high of 1.0095 on the back of the DXY weakness and possibly with markets anticipating the 75bps rate hike to come. Currently, the EURUSD is retracing as the DXY recovers by bouncing off the 109.50 price area.
In the lead-up to the news release, I'll be keen to see
1) a deeper retracement between 1.00 and 1.0040
2) price to stay above the parity level
That will allow for a buy-stop order at 1.0050, stop loss below parity and take profit towards the 1.019 60 resistance level, resulting in a 1:2 risk-reward trade setup. If the ECB disappoints, or if the price breaks lower on the release of the news, due to the priced in effect, then I'd cancel the order.
Remember that volatility in the EURUSD will have a significant impact on the DXY, which could affect all major currencies, especially in the short term.
Important news for EURUSD Today we have ECB Interest Rates decision.
We should see them going up by 0.75%.
No matter what will be the bank's decision, we're going to see big moves on EURUSD.
We could see more bullish pressure on EURUSD, but we have to keep in mind that FED is also coming out with their decision soon.
That means, whatever upside move we see today, it could reverse pretty soon.
That's why, we think the best decision today would be to wait for the news and look for entries after that.
Also, price reaching higher levels will only give us a better sell opportunities.
EUR/USD Outlook (26 October 2022)The EURUSD surges higher from the support level of 0.9852, but with no clear fundamental driver. This move higher could be the front running and hawkish sentiment from the market that the ECB will increase rates by 75bps (and possibly even 100bps)
With the price approaching the 1.00 (parity) level again, look for price action development to determine the next possible move.
A break of the resistance level could see the EURUSD trade higher towards 1.020 (the next key resistance level). Whilst a rejection of the resistance level could see the EURUSD fall back toward the support level of 0.9850 (however this is an unlikely scenario, given the interest rate hike on the horizon for the ECB)
ID05Y: Possibility of Yield goes to 7.64%,Threat of Rate Hike?Hello Fellow Bond Investor/Trader/Global Economist, Here's our technical outlook for Indonesia 5 Year Government Bond Yield!
Chart Perspective
ID05Y is forming the symmetrical triangle and we will wait for the breakout as a confirmation of bullish bias ahead. The momentum Indicator made a golden cross, that signifies a potential bullish movement to the target area.
Macroeconomic:
The possibility of a Rising Yield usually means the investors expect a higher interest rate in the future. Therefore, they are selling their bonds holding.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the ID05Y"
EURUSD: ECB Interest Rate Decision next weekOn Friday the 21st, we saw the USD drop on a bad Monthly Budget Statement. This has given us reason to think that investors will not be looking at the dollar as a safe haven currency.
There might be a long term trend reversal in play next week ahead of the ECB Interest Rate Decision.
An increase of the interest rates should act as bullish catalyst for the Euro.
Wait for a breakout of the long term trend line, and look for signs of bullish continuation to the upside on the retest of the long term trend line.
Good luck traders.
US 10 Year Treasury Yield: What's Next?Quick Analysis on 10 Year Treasury Yield on a 1M Linear Chart.
1) The US 10 Year Treasury Yield has been respecting a falling channel for multiple decades going back to the 1980s.
2) It is currently headed to the top trendline of the channel with a possibility to break in the coming months.
3) The measured move of the falling channel would bring it back to Pre-2008 ranges.
4) This may fall in line with the US Dollar strengthening (in the idea section below).
5) If US 10 Year Treasury Yield goes lower, there is not much more room for it to get to 0.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk