Emerging markets, represented by the EEM chart, have been trending lower since October 2024 in what appears to be a complex W-X-Y corrective pattern. Meanwhile, the US Dollar Index (DXY) experienced a strong rally, driven by Trump’s victory in the US elections. However, the rally formed a wedge pattern, which suggests that its upside momentum may be coming to an end. Why is the correlation between EEM and DXY important? If the Trump administration pushes oil prices lower, inflation expectations could also decline. This would likely lead to lower interest rates, which in turn could weigh on the USD. In such a scenario, capital may flow out of the US and into emerging markets. Now that EEM is recovering and breaking above a key channel resistance, it signals that bullish momentum is returning. If this trend continues on EEM to 2024 highs, then DXY could decline to the 105–103 range—or possibly even as low as 100.
Tuesday February 18 Data: US February Empire manufacturing index, NAHB housing market index, December total net TIC flows, UK December average weekly earnings, unemployment rate, January jobless claims change, Japan January trade balance, December core machine orders, Germany February Zew survey, Eurozone February Zew survey, Canada January CPI, existing home sales Central banks: Fed's Daly and Barr speak, ECB's Holzmann and Cipollone speak, BoE's Bailey speaks, RBA decision Earnings: Arista Networks, Medtronic, Cadence Design Systems, Occidental Petroleum, EQT, CoStar, Baidu, Capgemini This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
● Oil prices have been trending downward through a parallel channel. However, a crucial support zone near $70.6 has provided a rebound, sparking hopes of a potential recovery. ● Currently, the price is testing its trendline resistance, a critical level that will determine the next move. A breakthrough above this level could signal a reversal in the oil market. ● On the other hand, if the price fails to clear this level, it may indicate that the downward pressure is still too strong, and another leg down is possible.
The dollar rebounds to a short rise of 1,618, recovers slightly
Market is above on rangebound 2898-2905. Market break 2905 we'll have 2922 milestone and 2932 in extension on mark on intraday traget Secondly: Any Candle close below 2904 we will have 2870 then 2850 on mark
Yesterday, after my precise analysis and the announcement of the trading plan, the oil price successfully achieved the target of 71.5 after the passage of time. The increase was more than 15p. This profit is very optimistic. Many traders also witnessed this moment. London market oil prices hit a higher position again, and strengthened again after stepping back to the position of 71.5. The New York market has not yet opened, and it is expected that there will be another upward impact. Therefore, the oil price will most likely continue to create a new high in the next few hours. Preliminary estimate 72.8-73.3 The current price is at a relatively low position. Therefore, it is reasonable to buy USOIL to go long on oil prices. BUY: Buy near the current price of 71.8 tp72.8 sl71 Set stop profit and stop loss while trading to control risks to the minimum. Only in this way can you obtain better profits in the financial market in the long run and make your account go further.
? LONG BYBIT:IPUSDT.P from $2.0510 ? Stop Loss: $2.0235 ⏱ 15M Timeframe ✅ Overview: ➡️ BYBIT:IPUSDT.P is showing strong bullish momentum, trading near $2.0510, which could serve as a breakout entry point. ➡️ POC (Point of Control) at $1.8626 confirms the highest liquidity area below the current price, indicating strong buyer support. ➡️ The price is holding local support levels and is approaching $2.0510, a breakout of which could trigger further upside movement. ➡️ If the price holds above $2.0510, an upward push toward $2.0795 and $2.1155 is expected. ⚡ Plan: ➡️ Enter long on a confirmed breakout above $2.0510. ➡️ Risk management via Stop-Loss at $2.0235, limiting potential downside. ? TP Targets: ? TP1: $2.0795 ? TP2: $2.1155 ? BYBIT:IPUSDT.P is gaining strength—expecting further upside! ? BYBIT:IPUSDT.P maintains bullish momentum. If the price holds above $2.0510, we expect further gains toward $2.0795 and $2.1155. However, a drop below $2.0235 may trigger a short-term pullback.
NZDUSD (4H Timeframe) Analysis Market Structure: The price is forming an expanding pattern, indicating increased market volatility and potential bearish movement. This pattern suggests that price swings are widening, with lower lows and higher highs, often leading to a strong directional move once a breakout occurs. Forecast: A sell opportunity is anticipated as the expanding pattern signals possible downside movement, especially if price rejects a key resistance area. Key Levels to Watch: - Entry Zone: A sell position can be considered near the upper boundary of the expanding pattern or after confirmation of bearish rejection. - Risk Management: - Stop Loss: Placed above the recent swing high to manage risk. - Take Profit: Target lower support zones based on previous price action. Market Sentiment: The expanding pattern reflects increasing price fluctuations, and if sellers gain control, a strong bearish move can follow. Confirmation through price action and volume analysis will help validate the trade setup.
Gold: Bullish pattern in the short term In our previous analysis, gold stuck to the bullish scenario, which proved to be a smart choice. Price is following the main trend and has reached both of our targets. Gold is currently absorbing again, adding tests of 2924 and 2935, and may even
Berkshire Hathaway’s 13F filing, released on Friday, disclosed that Warren Buffett’s investment firm has made notable adjustments to its portfolio. The quarterly report, mandated by the U.S. Securities and Exchange Commission for institutional managers overseeing over $100 million in assets, revealed that the company: → Retained its Apple (AAPL) holding at 300 million shares; → […]