FBS Analytics

2024-05-17 14:32:07 #TradeIdea

XAUUSD Looks Bullish!

Williams’ Strategy setup is on the chart!

XAUUSD is aiming for the 2390 resistance level. William’s Lips line (yellow) breaks the Jaws (blue) line up and the price will break above breaks the nearest upper fractal resistance.

Trade: Buy XAUUSD on a break above the 2390;
TP: 2400, 2406.

Smash if you agree with the FBS analysts!

TRADE WITH FBS
@fbsanalytics Open / Comment

2024-05-17 13:13:27 #TradeIdea

USDCAD Could Rise!

On the H2, USDCAD formed a descending wedge pattern, and the price broke the upper trend line. Momentum oscillator shows a rise above the 100.0 level, which may indicate the possibility of continuing the short-term bullish trend.

Trade: Buy USDCAD on a breakout above 1.3640;
TP: 1.3690;

Smash if you trade USDCAD today!

TRADE WITH FBS
@fbsanalytics Open / Comment

2024-05-17 11:20:31 #TradeIdea

EURUSD Is Bearish!

EURUSD moves within a rising wedge and tests its lower border, aligned with the 1.0850 support level. The Momentum oscillator crossed the 100 level from above, signaling a bearish sentiment.

Trade: Sell EURUSD on a breakout below the 1.0850;
TP: 1.0800.

Smash if you trade EURUSD today!

TRADE WITH FBS
@fbsanalytics Open / Comment

2024-05-17 10:04:31 #MarketNews

Happy Friday, dear traders! Look at the major news on this week's last trading session!

According to the WSJ, the US plans to block imports from 26 more Chinese companies. The US has already imposed tariffs on Chinese chips, minerals, and electric vehicles.

According to Barkin from the Federal Reserve, inflation is decreasing, but the process will take longer. The key issue is determining how long interest rates need to be maintained at their current level.

Following the US House of Representatives, the Senate has voted to repeal SEC SAB 121, which prohibited strictly regulated financial firms from holding crypto on their balance sheets. BTCUSD has risen to 65,808.

BMO has raised its year-end 2024 target for the S&P 500 to 5600 points, the highest target on Wall Street. Currently, the US50 is trading at 5301.

US Representative Thomas Massie, dissatisfied with the Federal Reserve's handling of rising inflation, has introduced a bill to dissolve it.

The "long" bonds China has begun issuing to finance further economic support are in high demand among foreign investors. According to Bloomberg, the auctions for these bonds have been oversubscribed multiple times.

According to Bloomberg, China continues to actively purchase gold and has begun selling US government debt at record rates. XAUUSD has risen to 2385.

The Dow Jones Industrial Average has surpassed the 40 000 mark for the first time in history. Currently, the US30 has slightly corrected to 39 896.

How was your trading week? Share your opinion in the comments!

TRADE WITH FBS
@fbsanalytics Open / Comment

2024-05-16 17:35:45 #Education

Trader's Mistakes

There are two main kinds of mistakes that one can make in trading. Surprisingly, both are related to trading psychology.

The first mistake is trading too much. You will get more emotional with each trade, whether this is a win streak or a lose streak. You get a higher chance of placing too many trades to gain more profit. Eventually, this will result in a wrong trading approach and losses.

The second mistake is the absence of Stop Loss. This way, you break the most important concept of trading, risk management. Your risks are almost unlimited without a stop loss.
Even if you think you control the situation, this isn't true. We can't control markets, and a Stop Loss is essential for our safety.

Want to know what other mistakes you should avoid? Read here Open / Comment

2024-05-16 16:14:04 #TradeIdea

EURUSD Is Bearish!

Good opportunity to trade Counter-Trend Impulse Strategy.

EURUSD moves within an ascending channel, rebounding from its upper border and 1.0880 resistance. The price moved out of the upper Bollinger Band and started to move back in. The RSI oscillator crosses the 70 level from above, giving additional bearish sentiment.

Trade: Sell EURUSD;
TP: 1.0840, 1.0800.

Smash if you trade EURUSD today!

TRADE WITH FBS
@fbsanalytics Open / Comment

2024-05-16 13:40:39 #TradeIdea

All Eyes on XAUUSD!

On the H2, XAUUSD navigates within a rising wedge, and the price is aimed at the lower border of pattern. The RSI indicator breached below the 70 level signaling a bearish sentiment for the asset.

If the price falls below the support of 2375 and breaks the lower border, we can expect a fall to 2335;
A rebound from the support will open the way for a rise to 2400, to the upper trend line.

Share your vision about XAUUSD in the comment section

TRADE WITH FBS
@fbsanalytics Open / Comment

2024-05-16 11:50:11 #TradeIdea

GBPUSD Outlook!

On the H4, GBPUSD rose after the US CPI release, and an ascending channel pattern formed. The price is holding near the 61.8 Fibonacci level with the RSI overbought, although the MA200 indicates the possibility of further upside.

If the price falls below the support at 1.2670, it will fall to the lower trend line to the support at 1.2600;
However, in case of a bounce from support, GBPUSD could rise to 1.2750;

Click on if you buy GBPUSD. Hit if you sell!

TRADE WITH FBS
@fbsanalytics Open / Comment

2024-05-16 10:17:54 #MarketNews

Hello, dear traders! Today is Thursday, May 16, 2024. Let's quickly delve into the key financial highlights of the day:

More companies are selling shares to reduce debt, with $28.5 billion in IPOs aimed at debt repayment in the past year, a 56% increase.

China's economy likely improved in April, with industrial output up by 5.5% and retail sales rising by 3.7%, as policymakers introduced fiscal stimulus and began a 1 trillion yuan sovereign bond sale.

As EV sales slow, Volkswagen is shifting from an EV-only strategy to include hybrids and partnerships. CEO Oliver Blume is requesting leniency from European regulators on emissions targets.

Siemens saw factory orders drop 12%, lowered its digital industries guidance by up to 8%, and sold its Innomotics unit for €3.5 billion amid continued weakness in China. Siemens (#SIE) shares are rising 1.33%.

Google released updates for its Gemini 1.5 Pro AI model, which will soon handle more data, and introduced a smaller AI model, Gemini 1.5 Flash. Google (#GOOGLE) shares are up 1.27%.

Goldman Sachs on the US market: The stock market has peaked and will trade unchanged until 2024, as company metrics do not indicate significant growth potential.

Honda will invest $65 billion in electrification by 2030, aiming to launch seven new EV models globally and achieve 40% of its sales from EVs and fuel cell vehicles. Honda (#HMC) stock is up 0.98%.

Australia's unemployment rate rose to 4.1% in April as the economy added 38,500 jobs, primarily part-time, despite a broader economic slowdown.

That's it for today, guys! Click on if you liked our review, and see you soon!

TRADE WITH FBS
@fbsanalytics Open / Comment

2024-05-15 18:21:09 Get a chance to win FBS VIP analytics!

Hosted by Eduard Melkostupov, we're excited to bring you a series of exclusive video interviews with trading experts right from the heart of FMAS. Our special guests include:

Alan Solarsh - Fundamental & Technical Analysis Expert;
Kamogelo Maubane - CEO & Founder of Sidehustle Favorbankmotions, Women in Leadership 2024, Crypto & Forex Coach;
Veetaedo - Predictor, Trader, Popular blogger;

We want to hear from you!

Ask three amazing questions (in one comment) and get a chance to receive a monthly subscription for FBS VIP Analytics.

Leave your questions below

TRADE WITH FBS
@fbsanalytics Open / Comment