EUR/USD Daily Chart Analysis For Week of March 31, 2023Technical Analysis and Outlook:
The currency repeated its completed Intermediate Inner Currency Rally of 1.092, posting new Mean Res 1.090 with a price action pointing to our Mean Sup 1.074 - Resumption downtrend to Mean Sup 1.050 and Inner Currency Dip of 1.046 in process.
Economy
Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 31, 2023Technical Analysis and Outlook:
The coin repeated its completed Intermediate Outer Coin Rally of $29,200 and strategic pullback to Mean Sup $29,900 this week. Also, current price action indicates a possible rinse and repeat of the trading envelope. The upside target scenario is the Outer Coin Rally of $30,000 and an eye on the following extension to the Outer Coin Rally of $31,700 and Key Res of the same price.
WIRE (Long) - Technical perfection and powerful fundamentalsFundamentals:
The fundamentals of WIRE are just beautiful to look at: P/E = 5, P/S = 1.1 and P/B = 1.84
The earnings of the company have doubled since the start of 2021 (average annual growth for the past 5 years has been at 56% ); the earnings are expected to come down because of the recession fears but these expectations are already accounted for in the price
ROE, ROA and ROCE are all comfortably above 30%
The firm has zero debt , ample liquidity and pays a nice dividend
Would be hard to find better fundamentals
Technicals:
If those fundamentals were not enough, the technical setup is an absolute dream
We can see a robust rounding base which was forming for over a year and culminated in a strong breakout on high volume
The RSI is strong and rising and the firm is outperforming the market by a large margin
Trade:
Unfortunately, I missed the breakout. I did not want to chase the stock so I waited for a pullback which just happened and created a great opportunity for an entry
On a daily, the pattern is even nicer and right now would definitely be a great time to enter from a timing perspective. However, this is a great stock even from a longer-term perspective, so excellent entry is not as important
Stop-loss could be either the breakout point or the most recent low on the weekly; depends on your risk preferences
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interest rates and housing Australia.ECONOMICS:AUMR
A visualization of how house prices react against interest rates rises other than the obvious divergence where rates get cheap and people will spend more.
I haven't made any predictions, there are a lot of moving parts in the system at the moment.
CPI being a big one on everyone lips, affordability, availability, sustainability, buzz words right ha
A lot of people got money really cheap and after the 5 year fixed terms what is the flow on effect, have people stopped excessive spending and in turn the is a down turn in GDP jobs but CPI still climbs.
Will tenants pay for all the rate hikes if the houses are not worth it? will people try and interest only? left with the prospect of selling will prices go too low while we are still in need of more houses to curb demand?
ordinary interest increases appeared to be up to 60% over time and we are looking at a event where we are already 3x that.
I used info from another chart to have more complete data for the interest, I should have done the house prices too. ( If someone knows how to import stuff like this speak up, that was a ball ache)
Surprised tradingviews data was not complete.
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Have your say. feed back is welcome.
Might do updates if i"m feeling inspired.
Trade Idea: VICIVici properties is showing weakening in its trend. This has been directly tied to the weakness in XLRE - real estate
We believe VICI properties has much more downside. This specific Real estate play also has much property exposure to the casino type names.
With many of the Casino charts like MGM, LVS looking "topheavy" this may be a correlated play that already has headwinds from the weakening in real estate.
If the economy weakens to a degree the consumer discretionary stocks should also be hit.
EUR/USD Daily Chart Analysis For Week of March 24, 2023Technical Analysis and Outlook:
The currency has completed our Inner Currency Rally 1.092 as well, posting new Mean Res 1.085 with a possibility of the retest of the letter. The main down path target is Mean Sup 1.074 - Resumption to Inner Currency Dip of 1.046 is in progress.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 24, 2023Technical Analysis and Outlook:
With the completed Intermediate Outer Coin Rally of $29,200, the coin is retreating to Mean Sup $26,200. The current upside target is the Mean Res $28,400, a retest of the Intermediate Outer Coin Rally of $29,200, and fulfillment of the next destination, an Outer Coin Rally of $30,000.
$TNX & short term yields breaking support levelsWhile the #fed reserve has made it clear they're not stopping rate increases yet, #bonds yields put a top in days ago. $TNX actually did it some time ago!
We noticed certain sectors, like insurance, began lowering premiums done time ago. Did they know something was start didn't?
Small community banks are getting crushed and if rates crater it may alleviate the balance sheets of those remaining.
Anyway, the fed tends to overdo everything they do. Many are calling recession or something much harsher. Time will tell but banks going busy is not a good sign.
Stock Market March 23' ⚔️ Long Vs. Short Well , just as any other chart, we must keep things simple. Price has made a new Low after Ranging for 120 days/4 Months. There is Liquidity Built up in the market. If we maintain bearish momentum then we will see 31,198 very soon. Price is testing 32,082 at the moment. We may return to the low from OCT 22' due to clean traffic on the weekly timeframe and plenty of fundamental reasons to be concerned about. 32,082 must hold for bulls or we are falling off a cliff here.
Gold targeting $2250 or higher - then a PauseAre you following my research? It amazes me that I can post a chart/video predicting something to happen 3 to 6+ months in advance, then sit back and watch it play out.
Gold has entered a new phase - much different than everyone thinks.
This is not 2009~2011 all over again. This is 2003~05 repeating.
The next phase of the US market trend, and Gold, will blow everyone away.
After reaching levels above $2200, Gold will stall for about 4+ months to levels just below $2000. Then, as we move past Q1:2024, Gold will begin to advance as uncertainty settles across the globe. near the end of 2024, I expect Gold to make a move higher - possibly targeting $2800 or higher. Into 2025, I suspect Gold will attempt to rally above $3000, but will quickly stall into a sideways trend as a new US President dictates policy/trends.
2026 is something we'll have to wait for to see how things play out. My research suggests Gold will continue to trend higher. But, there is a very strong possibility Gold will move above $4k before the end of 2026. So, we'll just have to see what happened with the elections in 2024.
Follow my research. Learn how I can help you stay ahead of these crazy market trends.
S&P 500 Daily Chart Analysis For Week of March 17, 2023Technical Analysis and Outlook
The Spooz downward trend continued earlier in the week and completed our Interim Inner Index Dip 3820 - The upside rebound followed in the second part of the week by hitting the Mean Res 3927. The rebound should continue to Intermediate Outer Index Rally 3980; however, the retracement to Mean Sup 3878 is predisposed.
EUR/USD Daily Chart Analysis For Week of March 17, 2023Technical Analysis and Outlook:
The currency continued trading within Mean Sup 1.054 and extended to Mean Res 1.075 envelope this week as specified on Daily Chart Analysis For the Week of March 10 - Resumption 2nd phase pullback to Inner Currency Dip of 1.046 is in progress.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 17, 2023Technical Analysis and Outlook:
With the completed downfall to our Completed Outer Coin Dip of $19,700 on March 10, the coin rebounded strongly to an Outer Coin Rally of $26,000 and $27,000, respectively, as shown on the Daily Chart Analysis Update For the Week of February 17. The current upside target is the Intermediate Outer Coin Rally of $29,200 and Outer Coin Rally of $30,000 - The Mean Res $31,700 might be possible this week. Once these completed rallies are verified and validated by Trade Selecter System, we will see the pullback to Mean Sup $26,200.
The current context is serious | Forex-Indices-Stocks-Crypto |It seems that inflation is considered the devil for the markets, so the focus will be on the next Fed meeting scheduled for March 22nd. Last week we saw a strong increase in NFP and this could be the first sign of a hawkish FED, but this week we will see the second and final sign for the markets: CPI release. These two drivers will complete the big economic figure ahead of the interest rate announcement.
In recent weeks Governor J.P has been under a lot of pressure from the financial community (including Janet Yellen, Treasury Secretary and former Fed Governor) due to the large risk of contraction and the impact of such aggressive monetary policy. But perhaps the news about failure of some banks could prove to be a strong ally of Powell. Why am I saying that? If the Fed's target is to drag the US economy into a mild recession to try and get inflation back to around 2 percent, concern that these two failures could be contagious within the banking sector could help Powell achieve the first target: "bring down inflation...".
Even the geopolitical context should not be underestimated: The war in Ukraine and China-United States tensions over Taiwan.
We will see the impact on the main markets (dollar, SP500, gold...) in the second part of this analysis.
U.S. Case Shiller Home Price Index in contraction?As you can see from the Monthly Chart, U.S. Case Shiller Home Price Index could experience an interesting price contraction in short-medium term, could this also be a clear sign of a potential economic contraction, recession? If this happens, we shouldn't be surprised, the Fed is doing everything to fight inflation in the United States...
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N.B.: Updates will follow below
A Look at the Turkish EconomyAs we all know, the increase in foreign currency increases the general product prices extraordinarily, as it increases the input costs. The rise of the foreign exchange is a phenomenon that a country does not want. Every country aims to keep the exchange rate stable. But for some reason, Turkey came out of these countries.
As can be seen from this chart, from 2006 to 2020, Turkey continued to print money with a certain pattern. This is an acceptable factor for each country under certain conditions. The money supply, which increased with a trend of 23 degrees, started to rise more sharply after 2020, and especially after March 2021, the trend reached 53 degrees. This trend change is a clear indication of how fast the printing of money is. Therefore, as the money supply increases, there is a natural depreciation of the currency (Orange line shows the rising Dollar against the Turkish Lira).
In the same period, interest rates were reduced, as can be seen from the black line. By lowering interest rates, what a country normally aims at is to create consumption demand by reducing borrowing costs. Therefore, the demand for consumption has increased, and with it, demand inflation has arisen. Meanwhile, printing money decreased the value of the Turkish Lira (the exchange rate rose), which increased the input costs. The increase in input costs was reflected in the sales prices of the products. Therefore, inflation was fueled by both demand and foreign currency.
It will be impossible to know why the Turkish government did this, why it deliberately ignited inflation, which no economist can explain. If you have an idea, you can write it in the comments. Thanks.
S&P 500 Daily Chart Analysis For Week of March 10, 2023Technical Analysis and Outlook
The Spooz downward spiral continued this week - Mean Supports 3955 and 3890 were hit extensively. The downward spiral to the Interim Inner Index Dip 3820 will continue this upcoming week and possibly trigger a significant retest of the Key Sup and Interim Inner Index Dip 3785. The main upside target is designated to Mean Res 3927 from 3820 and/or 3785 price point
EUR/USD Daily Chart Analysis For Week of March 10, 2023Technical Analysis and Outlook:
The currency continued trading within Mean Sup 1.054 and Mean Res 1.070 envelope this week as specified on Daily Chart Analysis For the Week of March 3 - Resumption 2nd phase pullback to Inner Currency Dip of 1.046 is in progress.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 10, 2023Technical Analysis and Outlook:
The coin continued to downfall passed our Mean Supports of $21,500 and $20,476 this week to complete the Outer Coin Dip of $19,700. Once this completed knockdown is verified and validated by Trade Selecter System, we will see the rebound - the initial target of Mean Res of $20,900 with a possible extension to Mean Res of $22,500. The rally to Key Res of $25,000 and the Outer Coin Rally of $26,000 is postponed until further notice.