When OANDA:XAGUSD (Silver) does well relative to OANDA:XAGUSD (Gold), it means the economy is strong and interest rates tend to rise when that happens. The opposite is also true. When Silver is weak relative to Gold, interest rates tend to fall. See how it works historically? The 1997 drop in rates when the silver/gold ratio shot up is the rare exception Why does it work? Silver is an economic metal used in industry and gold is a precious metal which used to be used for technology in the 1970's. Well - it shows now that rates should be going down because the economy is flat, weak or recessionary. However you want to label it, the economy can afford lower interest rates. This LONG TERM indicator has worked quite well and deserves to be on your list of indicators to track the likely path of interest rates. OF COURSE, the more important factor is WHO is at the head of the Fed. Lower rates would make sense especially if the profligate Government spending machine slows down its aggressive spending. The global war on covid didn't help and the clear message that the market is telling us is that we needed to slow down the price hikes but we now have a US Gov't deeply in debt and struggling to be able to justify lower rates. Here's to clarity on the future moves by the Fed, which if you were just looking at this indicator you would be cutting rates steadily for the foreseeable future. Cheers, Tim 11:47AM EST January 28, 2025
Bitcoin’s price structure, analyzed using Elliott Wave Theory and Fibonacci (Price and Time) analysis, suggests we are nearing the end of **wave B of wave 4**, setting the stage for wave C and wave 5. I predict that **wave C of wave 4** will complete between **February 15th and March 8th**, with a target price of **$89,000 to $92,000**. Following this, the impulsive **wave 5** is expected to push Bitcoin’s price to **$112,000 to $122,000** between **March 21st and April 11th**. These targets are derived from Fibonacci retracements, extensions, and time cycles, offering strong technical confluence.
**Q3 Results Live: Suzlon Energy Reports 91% Increase in Net Profit to ₹387 Crore** - Net profit has risen by 91% year-over-year, reaching ₹387 crore. - Revenue has also increased by 91% year-over-year, totaling ₹2,969 crore. - EBITDA has more than doubled, now standing at ₹500 crore. - EBITDA margin is recorded at 16.8%. At present, Suzlon is positioned at a crucial support level of 50 on the weekly timeframe, indicating possible price stabilization. This level has historically served as a strong point of interest for buyers. Observing the trendline, it's essential to monitor for a potential breakout from the current downtrend. If the price decisively surpasses this bearish trend, it may signal an opportune moment to initiate a long position or consider buying, reflecting a shift in market sentiment towards a bullish outlook. It’s advisable to look for additional confirmation through volume analysis or other technical indicators to strengthen the decision-making process.
The Official Trump (TRUMP) token has surged 12% in the past 24 hours, with trading volume up 14.36%. The token broke past the $28 local resistance level, but it’s unclear if it’s ready to challenge the $30 resistance zone just yet. TRUMP has been consolidating within a range of $24.58 to $31.37 over the past two days following a sharp retracement from $74. While the memecoin sector has struggled recently, this consolidation isn’t necessarily bearish. Accumulation has restarted, hinting at potential bullish momentum. The On-Balance Volume (OBV) has shown an uptick, crossing mid-range levels, while the Awesome Oscillator printed a bullish crossover. However, more consolidation within this range is likely in the coming days. Key resistance lies at $32.3, a lower high that defines the current downtrend. A 2-hour close above this level could flip the market structure bullishly, opening the door for a potential move to $35. Swing traders should approach with caution, as rejection at $32.4 remains a possibility. Bitcoin’s short-term bullish momentum could provide support for TRUMP to spike toward $35, hunting liquidity before potentially falling back into its range. For now, breakout traders must temper enthusiasm and prepare for rangebound price action while keeping an eye on critical levels.
... for a 36.24 debit. Comments: Adding in at strikes better than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 36.24/share Max Profit: 1.76 ROC at Max: 4.86% 50% Max: .88 ROC at 50% Max: 2.43% Will generally look to take profit at 50% max, add at intervals (assuming I can get in at break evens/strikes better than what I currently have on), and/or roll out short call should my take profit not hit.
Price was making HH and HL, broke structure to create new low around 78704. Imbalance (inefficiency) was created as result of that break out, with upside retracement on going to fill that liquidity up to 79162. Expect massive downward movement as a result of large gap opened up by market structure and target would be 78026
Trump’s tariff chatter, coupled with a rebound in European stocks and a more upbeat tone in US futures, helped Gold prices stage a solid recovery and partially offset Monday’s steep pullback, climbing above the $2,750 region on Tuesday.
Gape created due to deepseek AI news. +-90% gaps are filled sooner or later. You can buy at current price. Target : $24 Stoploss: $18
Nice move post earnings this morning, but it has now stalled and hit a strong resistance cluster= = 2009 Fib GP = Range VAH = 2021 Low
EUR/USD extended its rough start to the week, dipping to three-day lows around the 1.0430 mark on Tuesday. The pair's slide comes as the US Dollar stages a broad comeback, fueled by renewed tariff chatter and growing expectations of further rate cuts by the ECB.