#TradeIdea
US500 Outlook!
🌐 US500 is in a long-term bullish trend. After a small correction, it reached ATH again, testing critical resistance. Despite the bullish sentiment, a divergence has formed on the MFI.
🔼 If bulls push the price above the 5675 resistance, it will open the way to 5865, corresponding to 161.8 Fibonacci;
🔽A rebound would take US500 down to 5560 and then 5500;
#TradeUS500!
#Alhamdulillah
Rise and shine! ☀️
Embrace the new trading day with confidence and clarity. 🥳
Every trade is a chance to learn and grow.
Let’s stay focused and make our mark in the market today‼️
Unmute and pin my channel now
GBPUSD, 1-hour timeframe chart
GBPUSD tested the resistance level of 1.31450
👉General outlook
GBPUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 1.31450.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.31300.
Set your stop loss at 1.31550 above the previous high ($2.50 loss for 0.01 lot) and take profit at 1.31050 ($2.50 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
📊 The ECB may cut interest rates in September
The euro (EUR) declined by 0.27% on Friday, continuing its downward trend since the middle of the previous week. The exchange rate tested the resistance level at 1.12000 and then declined.
👉 Possible effects for traders
On Friday, the U.S. Bureau of Economic Analysis released data showing a 2.5% increase in the year-over-year headline Personal Consumption Expenditures (PCE) Price Index for July. This figure was below the expected 2.6%. Similarly, the core PCE numbers were 2.6%, falling short of forecasts of 2.7%. As a result, the U.S. dollar (USD) strengthened significantly. However, the President of the Federal Reserve (Fed) Bank of Atlanta, Raphael Bostic, last week hinted that it may be ‘time for action’ regarding interest rate reductions due to inflation deceleration and higher-than-anticipated unemployment data.
Meanwhile, the European Central Bank (ECB) governing council member Francois Villeroy de Galhau stated that there are ‘good reasons’ to consider reducing the key interest rate in September. If other ECB members agree with Galhau's view, the regulator may deliver a rate cut this month.
EURUSD was attempting to stabilise around 1.10500 during the Asian trading session on Monday. Given the sentiment towards interest rate cuts from both the Fed and the ECB, the currency will likely remain at current support levels around 1.10500 and 1.10000 for an extended period, forming a range-bound movement within 1.10000–1.12000.
BONUS SETUP- TP2//70pips✅
Let’s CLOSE our profit now and set breakeven if you wish to hold now‼️
Nonstop smashing 💪
Sell Gold @2505.2-2509.2
Sl :2511.2
Tp1 :2503.7
Tp2 :2501
Enter Slowly-Layer with proper money management
Do not rush your entries
Good morning, traders! 🌟
Today is a new opportunity to conquer the market. ☺️
Remember, success comes from patience and discipline.
Let’s focus on our strategies and make this day count!
Alhamdulillah
Unmute and pin and my channel now
Congratulations to people that participate to our Account management Service [AMS] payout 💯 Weekly Earner.
#BitcoinCash (BCH) Payout for 30th August, 2024.
#Weekly_Payout
1.72088181 BCH✅
$555.38
https://www.blockchain.com/explorer/transactions/bch/42d47d3bb77872eeada165a67bcf9768b3bea67d159b4a863e1c9b4ca9313967
1.67640185 BCH✅
$541.03
https://www.blockchain.com/explorer/transactions/bch/11ba3f67b7c05c4b203ba3901c9b963c063f09fab1329ef52d547cc44800fe45
41.46114491 BCH✅
$13,380.76
https://www.blockchain.com/explorer/transactions/bch/dbf8e461ac7f960495eafc77772d82f532133ca36fd177bbdb6ed3f225719f42
3.20850896 BCH✅
$1,035.48
https://www.blockchain.com/explorer/transactions/bch/9683973d32916f9e7e9ab129b287a072888236275d7089a4961db8185cbadead
45.09165902 BCH✅
$14,567.31
https://www.blockchain.com/explorer/transactions/bch/e8038d8867446f6d9d66d27514529df565cfdfc9356ce210f3bdfc2bcdae3df1
1.53369198 BCH✅
$495.47
https://www.blockchain.com/explorer/transactions/bch/840900c6ebd9bb9742af4557db0e86cf64d6b3c67228d9c015f6ba3fc129ef63
33.17553058 BCH✅
$10,717.69
https://www.blockchain.com/explorer/transactions/bch/f837869e09e8799a6b3073d8abaa8aa2781f848d954999a401c67a94efaef08f
45.37877081 BCH✅
$14,660.07
https://www.blockchain.com/explorer/transactions/bch/a3fa74dce8a46a362a328cfccc09d64778380d3b7ab6ec7639b67add632d144e
267.52977162 BCH✅
$86,428.17
https://www.blockchain.com/explorer/transactions/bch/9241406394552e112fac2d130c316a314c6271374030db665331e5efdd92f4e4
(COMPLETED CONTRACT)
46.16282050 BCH✅
$14,918.90
https://www.blockchain.com/explorer/transactions/bch/8e319c3eb92d2a57bddf29f70c5bf664e32c1d2ef93c1669255832fd222ac3a7
46.17826532 BCH✅
$14,923.89
https://www.blockchain.com/explorer/transactions/bch/30edb75363cf1dcb7e8d6dccc2497c3fb28b97a564541172691d501e69ff6df8
73.64438010 BCH✅
$23,800.39
https://www.blockchain.com/explorer/transactions/bch/24abe8a0fe6a8c1ee0a408700e635492af99190241101a714576e9d743c6bb7a
[Complete Contract]
7.58097828 BCH✅
$2,450.02
https://www.blockchain.com/explorer/transactions/bch/658dcb099bc59a046d5603572b3864e9eb63b65181b53e53f95ac8b1aca04446
5.21565923 BCH✅
$1,685.60
https://www.blockchain.com/explorer/transactions/bch/13bad1acbe2104936deb4e61e30636477b4d071125f109f58802261379e26afa
11.24366986 BCH✅
$3,633.73
https://www.blockchain.com/explorer/transactions/bch/6bd6d8e2269afdaa5b2ad6f4e289f4ad941c358dc317f3a7cfbe847ee635d811
42.25968636 BCH✅
$13,657.49
ttps://www.blockchain.com/explorer/transactions/bch/dd1662a9defd118e492562aa931d5c2bd5d7888f534944c0e6b3c27d1b546caa
28.71727935 BCH✅
$9,272.24
https://www.blockchain.com/explorer/transactions/bch/2ececdd49cc2aeac170ced98210b4784a5f3af878e636a81475bf4a44403b365
1.38012338 BCH✅
$445.61
https://www.blockchain.com/explorer/transactions/bch/db03b3ac8abed9503bc8382553dc3bf9b474ffa1a6de56e2a79b1dcfa860993d
7.04455995 BCH✅
$2,274.55
https://www.blockchain.com/explorer/transactions/bch/b9341f0e461f40ee21af9423d98488dee462e2514a369b013f5a6ee918b87742
14.44884408 BCH✅
$4,665.24
https://www.blockchain.com/explorer/transactions/bch/d88feb47f58a43b997196461e6ed374660ae3e901041739c06ee3fce4d701857
5.13883810 BCH✅
$1,660.51
https://www.blockchain.com/explorer/transactions/bch/0de3be3d85ee033b147c03e80ac4c5f73c55193e863dbda68738d3042cdd95d5
1.58247406 BCH✅
$511.34
https://www.blockchain.com/explorer/transactions/bch/5e5ddcda6cccac9bb11badeb33c9d323368c0963454feee55077b5fe81d8437c
5.23830524 BCH✅
$1,692.65
https://www.blockchain.com/explorer/transactions/bch/549c32df9ad10fd937f4f387a9e22c9d67dc2da4078af568c17c4006e09e4a8a
178.81577659 BCH✅
$57,780.74
https://www.blockchain.com/explorer/transactions/bch/b978f4c5856454b94cf2c280d15f9d42acbfbbcac6137012ed05020db2d1132f
(COMPLETED CONTRACT)
@Rihauw
@Rihauw
@Rihauw
@Rihauw
The U.S. Election update: Harris widens lead over Trump
Here is a fresh update from the U.S. electoral contest.
What happened?
Kamala Harris has widened her lead over Donald Trump. As the 29 August Reuters/Ipsos polls showed, her support has increased by 3% and now stands at 45% against 41% for Trump. Additionally, the Democratic nominee for president gave her the first interview since the official nomination, which included basic points about her program.
What to expect for markets?
Traders can expect an overall decrease in the U.S. stock market. Kamala Harris announced a new tax regime with higher corporate tax rates, and a new tax for unrealised capital gains will be introduced. That can motivate market participants to close their long positions.
However, the impact on energy companies may be less severe, as Harris will not ban fracking technology for oil and gas extraction.
Gold may show a bullish trend. Kamala Harris announced that she supports further arming Israel, so we can expect no ease in Middle East tension.
Do you want more updates on the U.S. Elections?
Follow the link and subscribe to Octa Space.
#uselections #harris #trump #forexforecast #marketupdate
Round 1 INSTANT 25PIPS✅
Let’s CLOSE our profit now and set breakeven if you wish to hold now‼️
What a great way to start our day🔥🔥🔥
⚡️⚡️⚡️⚡️⚡️⚡️
Call to All Traders!
Are you ready for an exciting challenge? We're looking for motivated individuals who want to start with a capital of $500 and grow it to thousands of dollars through trading!
What We Offer
- Support and Guidance: Learn and grow together.
- Strategies and Tips: Participate in discussions and share trading strategies.
- Investment strategy
- Community: A group of like-minded individuals who support and motivate each other.
What We Expect
- Engagement: Active participation in the community.
- Learning and Sharing: Willingness to learn and share your knowledge.
- Risk Management: Responsible trading and risk management.
Join us and let's improve our trading skills and grow our capital together! Interested? Let us know by sending a message! 📞☎️ @Rihauw
USDCAD faces resistance despite the weakening Canadian dollar
The Canadian dollar (CAD) touched the important resistance level at 1.38500 on Friday but failed to break above it and finished the day essentially unchanged.
👉 Possible effects for traders
USDCAD has been rising steadily since mid-July, mostly due to weaker CAD. Concerns about slow economic growth and low oil prices pushed the Bank of Canada (BOC) to pursue a dovish monetary policy, putting bearish pressure on the national currency. Indeed, the BOC cut its benchmark interest rate last Wednesday by 25 basis points (bps) for the second month, bringing it towards 4.5%. Furthermore, the regulator said that additional decreases in borrowing costs are probable if inflation continues to decline in accordance with the latest projections. The central bank also downgraded its 2024 economic growth projection from 1.5% to 1.2%, citing increased household debt and reduced spending. ‘The dovish language in the releases paints a picture of officials who are growing more worried about the likelihood of recession’, said Royce Mendes, head of macro strategy at Desjardins Group.
The market currently prices in a 68% chance that the BOC will cut the rates again at the September meeting. Overall, analysts are factoring in just under 50 bps worth of rate cuts by the end of the year. Meanwhile, the U.S. Federal Reserve (Fed) is preparing to deliver its first rate cut in September. Friday's Personal Consumption Expenditures (PCE) data highlighted the improving inflation environment that could prompt the Fed to finally start easing monetary policy. The USDCAD rally may pause for now as the Canadian dollar will likely rise somewhat given that the dovish BOC stance has already been priced in, while Brent crude oil price seems to have found support in the 80 area.
USDCAD was falling during the Asian and early European trading sessions. Today's macroeconomic calendar doesn't feature any major events that could significantly impact the pair. Thus, USDCAD may continue to move sideways with a minor bearish tilt.
Sell Gold 2500.1-2504.1
Sl :2506.1
Tp1 :2498.6
Tp2 :2496.8
Enter Slowly-Layer with proper money management
Do not rush your entries
#TradeIdea
#EURUSD Outlook!
💸 EURUSD is in a downtrend and faces a 1.1060 support level, aligned with the 138.2 Fibonacci ratio. The Momentum oscillator crosses the 100-line up, potentially indicating bullish sentiment. However, the 100-MA crosses the 200-MA downwards, potentially indicating a downtrend continuation.
🔼 If the price rebounds from the 1.1060 support, it may rise to 1.1100;
🔽 However, If the price breaches below the 138.2 Fibonacci ratio, it may fall to 1.1030.
Click ❤️ if you buy EURUSD. Hit 👍 if you sell!
📊 GBP dips by 0.32% as the U.S. dollar strengthens on PCE data
The British pound (GBP) fell by 0.32% as the U.S. dollar gained due to the U.S. Personal Consumption Expenditures (PCE) Price Index report.
👉 Possible effects for traders
GBPUSD decreased as the year-on-year U.S. core and headline PCE figures, though slightly below forecast, didn't strongly support the case for more aggressive Fed rate cuts. This data may restrain GBP just below its 2024 high of 1.32650 as the market awaits further economic data. Additionally, the report highlighted rising personal consumption and income, further questioning the necessity of aggressive rate cuts.
GBPUSD's recent surge to 2024 highs near 1.33 followed the market interpretation of Fed Chair Jerome Powell's remarks at the Jackson Hole Symposium as dovish. However, Thursday's higher-than-expected jobless claims and Q2 Gross Domestic Product data cooled expectations for a 50-basis-point (bps) rate cut by the Fed in September and the likelihood of more substantial easing in the future.
GBPUSD moved sideways during the Asian and early European trading sessions. Today, the formal macroeconomic calendar doesn't feature any events that could trigger strong moves in the market. Tomorrow, traders should focus on the U.S. Manufacturing Purchasing Managers' Index (PMI) report at 2:00 p.m. UTC. Higher-than-expected results will likely extend the short-term bearish trend in GBPUSD. Conversely, weak figures may pause or even reverse it.
High Impact News 📢
US banks will be closed in observance of Labor Day
It’s a US Labor Day holiday, and therefore, thin liquidity could exaggerate the bearish momentum in Gold price, also as traders reposition ahead of the high-impact US economic data releases due later this week, including the ISM Manufacturing PMI, ADP Employment Change and the Nonfarm Payrolls.
Note: Banks facilitate the majority of foreign exchange volume. This can lead to both abnormally low and abnormally high volatility
Trade carefully fighter's 👍🏻
Sell Gold @2497.5-2501.5
Sl :2503.5
Tp1 :2496
Tp2 :2493
Enter Slowly-Layer with proper money management
Do not rush your entries
May this new month bring you countless opportunities & endless possibilities. May it be a month of growth and prosperity. Happy new month & Happy Sunday.
We are busy today, payout will be on weekdays as well!!
Congratulations to people that participate to our Account management Service [AMS] payout 💯 Weekly Earner.
#Bitcoin (BTC) Payout for 30th August, 2024.
#Weekly_Payout
0.08458632 BTC✅
$4,986.47
https://www.blockchain.com/explorer/transactions/btc/a2504ce197477ca8b452c28a6ae884b37f43925b7ba8329253d466fbad1e8b7d
0.04513826 BTC✅
$2,656.28
https://www.blockchain.com/explorer/transactions/btc/625ccff49e7bd1e4da649523996e861beedb9f5afa90a680e1b60740aa1f422e
0.67105475 BTC✅
$39,489.94
https://www.blockchain.com/explorer/transactions/btc/0676c962b990f4bc0d6141d83a9dcbe266f206bff461bdc4dc252846b9b6d00b
0.01693199 BTC✅
$995.88
https://www.blockchain.com/explorer/transactions/btc/962030e4f82a820c350809feeb02af74c87e7e4207d5f7a832ccbbcff3e417cc
0.00987728 BTC✅
$580.95
https://www.blockchain.com/explorer/transactions/btc/c32db95a49efd953ca86fdceb0c8a72859a9b79077f58c542848f2ba1dddce6b
0.06077769 BTC✅
$3,574.74
https://www.blockchain.com/explorer/transactions/btc/816acd953184321052bbd01b0ecd8aed879960823428057ad0580314a31021fe
0.27174358 BTC✅
$15,983.05
https://www.blockchain.com/explorer/transactions/btc/d3cdc4e8fdf4656694dec52084393838d8360736377b0192ee6e99c2187e002e
0.18776627 BTC✅
$11,043.78
https://www.blockchain.com/explorer/transactions/btc/f824eca89c6860cd492aa1e514c529c89756c7c947b83b15b71fdf0f63de8c54
0.04332056 BTC✅
$2,547.97
https://www.blockchain.com/explorer/transactions/btc/b969b7f4df24555352ada9b7f2c5eb6869c6dfc72a7ccd54ce116d0f0f0d23a3
0.10495759 BTC✅
$6,173.25
https://www.blockchain.com/explorer/transactions/btc/80c3190b56b8ab0386b5410b0ea78fc769019b3c2e135f0160fb065ab832d45c
0.00992522 BTC✅
$583.77
https://www.blockchain.com/explorer/transactions/btc/2ce731c0affdb47adea03fe207134feb51d9cfea5ecea9ea2fda2295f42f547d
0.06682000 BTC✅
$3,925.38
https://www.blockchain.com/explorer/transactions/btc/9dd8617f551f2cb67d52ad56d3c3391a1ada8c15ef604ed0ad42da69607bec77
0.16519385 BTC✅
$9,704.41
https://www.blockchain.com/explorer/transactions/btc/3b87bb6a0df9c616dd4708a91f9943fab27eb184d28fd4354024e8e34231e0b5
0.33921243 BTC✅
$19,927.23
https://www.blockchain.com/explorer/transactions/btc/2125d1dd3bd8b715a1d4138b0340d8fbfa9dad6107214ede7f5912c45227c0ad
0.48779392 BTC✅
$28,655.73
https://www.blockchain.com/explorer/transactions/btc/fdeb32099c5c8f38099f7cbcdc5a28a106dd3d0d292dbb84338cc4976b394133
0.02869983 BTC✅
$1,685.99
https://www.blockchain.com/explorer/transactions/btc/f48afede905f980f3e491b34c269cd98e65955cbbd220774a655cf72a2222fe5
0.24225334 BTC✅
$14,231.31
https://www.blockchain.com/explorer/transactions/btc/64082ec1ed737a7f8720339ccef4080d515024e0d55ee1f2de57716ddd546c44
0.16791174 BTC✅
$9,864.07
https://www.blockchain.com/explorer/transactions/btc/0edfff7c7b6b90d22bf764eb4139f4dbc1d721e9d368dc81aba3a0a9c6be99b2
1.83721878 BTC✅
$107,928
https://www.blockchain.com/explorer/transactions/btc/fbfcb965b2f3f382688bbf662f33b95f50f83891717e024049abf8f8c55092ea
(COMPLETED CONTRACT)
0.24391156 BTC✅
$14,353.81
https://www.blockchain.com/explorer/transactions/btc/92b98dda959862fc559915b9b7ce9239bf296537b6677740b7d9e8ad039722c6
0.04104487 BTC✅
$2,415.42
https://www.blockchain.com/explorer/transactions/btc/fb419a02c3ef34cd5ad8d9fed7337b7f1c53d1ae852ed9369f5ee911d9d8a1bb
0.01275770 BTC✅
$750.77
https://www.blockchain.com/explorer/transactions/btc/d4babcdda4f23c1f524ebc872a76953f215c882d235d9328de746d41ed822d54
0.03241803 BTC✅
$1,907.75
https://www.blockchain.com/explorer/transactions/btc/3114a24d7f39766f567b905d9472738bcf1610ae7ee8fd9b091921c972c5bd48
@Rihauw
@Rihauw
@Rihauw
T.me/Rihauw
#TradeIdea
#US500 Update!
🌐 On H4, the US500 navigates within an expanding channel and faces the crucial 5500 resistance, aligned with the 38.2 Fibonacci ratio. The RSI crosses the 50-line up, potentially indicating a bullish momentum.
🔼 If the price rises above the resistance of 5500, it will rush to the 5650 level;
🔽 However, if a correction occurs, US500 will decline to a target of 5370.
❓Do you expect the US500 to rise or fall? Write in
EURUSD gained despite higher-than-expected U.S. PCE data
On Friday, EURUSD moved within 1.08450–1.08700 and gained 0.09%, while the U.S. Dollar Index (DXY) lost 0.07%.
👉 Possible effects for traders
The U.S. dollar declined against most major currencies on Friday following the release of the U.S. Personal Consumption Expenditures (PCE) report. The U.S. core PCE Price Index number increased by 0.2% from May, slightly higher than the market forecast of a 0.1% rise. While core PCE inflation was slightly above expectations, overall year-over-year numbers eased as anticipated, and personal income growth declined more than forecast. Overall, the data didn't change expectations for a U.S. rate cut—the market expects the Federal Reserve (Fed) to start its easing campaign in September. The University of Michigan survey showed that consumer sentiment rose slightly, contrary to the Reuters consensus forecast of a sentiment staying unchanged. One-year inflation expectations remained stable at 2.9%, while the five-year outlook increased slightly towards 3%.
The data is likely to prompt the Fed to start reducing interest rates in September, aligning with market expectations. ‘The recent trend continues to support the belief in the market that we are on track to achieve an inflation rate of 2% over the long term’, said Vail Hartman, interest rate strategist at BMO Capital Markets in New York. The PCE data shows a positive dynamic in tackling inflation. The next Fed policy meeting is scheduled for the end of July. Based on CME's FedWatch Tool, the markets give less than a 5% chance of a rate cut at this meeting. However, a rate reduction is 100% anticipated in September.
EURUSD has been trading bullish during the Asian and early European trading sessions. Today, there will be no significant news that could affect the market. Key resistance and support levels are 1.08700 and 1.08500, respectively.