This idea is a follow up on my previous DXY idea attached below. I predicted the DXY to pullback at the start of the year and for the support level between 106.9 and 107.4 to hold its ground upon this pullback. The 50-day MA currently at 107.8 is now the main support level to hold and a failed break below this level will be an early indication of another 5-wave impulse higher towards the September 2022 high at 114.8 in the 1Q2025. The announcement over the weekend of Trumps 25% tariffs on Mexico and Canada plus the 10% import levies imposed on China has sent the DXY straight up towards the current yearly high at 110.1 in the early morning trade which in dollar positive. In terms of US treasuries and the US government's debt burden, President Trump has to somehow create demand for the US treasuries and a persistent inflation environment forces investors to demand a higher yield on their treasuries. I believe Trump will create this US treasury demand by sucking dollars back into the US via his trade tariffs and suspension of foreign aid to other countries (essentially allowing the dollar milkshake theory to playout). The dollar may however get too strong for Trump's likening since a stronger dollar makes goods from the US more expensive while making foreign goods cheaper for the US which will only further exacerbate the US trade deficit. Trump essentially needs a weaker dollar to turn the US into an exporting manufacturing country, "making America great again" but I see the effect of his policies being dollar positive? Perhaps Trump will negotiate a Plaza accord 2.0 to systematically devalue the dollar...
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Shorting. Shall see what happens next. #003 EURAUD Obvious Range Feb 2025 Begins! Not for copying. I am testing out my ideas. 1343SGT 03022025 Will be back at 9pm SGT.
Trade Alert BTC/USD Buy Alert 1. Entry Point: $93,800 2. Target Price: $96,000 3. Stop Loss: $93,000 Trade Details - Risk: $800 ($93,800 - $93,000) - Reward: $2,200 ($96,000 - $93,800) Monitor the trade closely and adjust as needed.
Hang Seng futures have broken out of the rising wedge formed since early January, leaving them vulnerable to downside. Bulls stepped in ahead of the 50DMA earlier today, paring losses, but price action into the close could be key in determining near-term direction. Momentum signals are mixed—RSI (14) has broken its uptrend, but MACD has yet to confirm. A slide into the close could open the door for shorts targeting a retest of the January swing low, with the 50DMA and minor support at 19,430 found in between. A stop above Monday’s high would provide protection. Good luck! DS
I Think so market goes 25000 thousand in this way . Let see
Asset Strategies International president and CEO Rich Checkan predicts that gold will likely face profit-taking pressure in the short term. However, he still believes that the gold shortage in London, tariff policies from US President Donald Trump and "persistent" inflation will contribute to driving gold prices higher. After central banks announce their interest rate decisions and inflation data, this week the market will turn its attention from there to labor issues, with the December nonfarm payrolls report due. released on Friday. Gold traders will also be interested in a variety of other data expected to influence the market, such as manufacturing and services activity reports, employment numbers, and the Bank's monetary policy decision. UK goods, weekly unemployment claims in the US, and preliminary data on consumer sentiment from the University of Michigan in January.
based on fundamentals and technicals.we hope for bullish momentum this coming week
Despite the decline, gold prices are receiving very positive forecasts from experts. Kitco News' latest weekly gold survey shows that industry experts maintain a positive view on the precious metal. Meanwhile, retail investors also forecast that gold prices will reach higher levels in the near future. 9 experts, equivalent to 69%, expect gold prices to exceed record levels this week. There are 4 experts, equivalent to 31%, forecasting that gold prices will decrease. No one thinks gold will move sideways or accumulate this week. Meanwhile, 147 investors participated in Kitco's online poll, with individual investors as optimistic as experts. 101 traders, or 69%, expect gold prices to rise next week, while 27, or 18%, expect gold to fall. The remaining 19 investors, accounting for 13% of the total, believe that gold will move sideways in the short term. ? XAUUSD SELL 2784 2786? ✔️TP1: 2775 ✔️TP2: 2765 ✔️TP3: OPEN ? SL: 2795
Today's CRYPTOCAP:ETH price action looks like something straight out of a textbook on technical analysis, where resistance becomes support. Depending on how adventurous you're feeling, you could: 1. Go long now : Set a stop-loss around 2050 (better to choose a non-round number, e.g., 2053) and take profit before the upper support at 4110—say, around 3950. This would yield a reward-to-risk ratio of about 3.5, depending on your entry point. 2. Wait for a pullback : If CRYPTOCAP:ETH drops to the support level around 2115 and holds, consider going long closer to that level, with the same stop-loss as above, and set take profit before the middle support around 2765. Depending on your entry, this strategy can offer a similar reward-to-risk ratio. 3. Test the middle support : If CRYPTOCAP:ETH reaches the middle support at about 2815, observe its behavior. Should that mini-resistance convert into support, go long with a stop-loss at 2705 and take profit at 3950. This setup can provide a great reward-to-risk ratio, depending on where you enter. 4. Consider a short : If the resistance around 2815 holds, you might short CRYPTOCAP:ETH and set take profit a bit before 2115. However, shorting crypto is quite adventurous for my taste—it's better to do so through options to avoid accidentally blowing up your account.