Markets4you @markets4you_official Channel on Telegram

Markets4you

@markets4you_official

πŸ’― Trusted Broker of 17 years πŸ† Best Multi-Asset Trading Platform 2023 πŸ“‰Trade with over 150 instruments
πŸ’° Diverse payment systems
https://taplink.cc/markets4you

Markets4you (English)

Are you looking for a trusted broker with over 17 years of experience in the market? Look no further than Markets4you! With the title of the Best Multi-Asset Trading Platform for 2023, Markets4you offers a wide range of trading options with over 150 instruments to choose from. Whether you are a beginner looking to start your trading journey or an experienced investor, Markets4you has something for everyone. With diverse payment systems in place, you can easily fund your account and start trading right away. Join Markets4you today and experience the world of online trading like never before. Visit our Telegram channel @markets4you_official or click on the link https://taplink.cc/markets4you to learn more and start trading with confidence.

Markets4you

23 Nov, 23:53

Gold Intraday: intraday support around 2683.00.Pivot: 2683.00

Our preference: long positions above 2683.00 with targets at 2725.00 & 2740.00 in extension.

Alternative scenario: below 2683.00 look for further downside with 2662.00 & 2652.00 as targets.

Comment: the next resistances are at 2725.00 and then at 2740.00.

Supports and resistances:
2757.00
2740.00
2725.00
2706.17 Last
2683.00
2662.00
2652.00
https://charts.tradingcentral.com/charts/169_20241122212352.gif
6
Markets4you

23 Nov, 19:53

Gold Intraday: intraday support around 2683.00.Pivot: 2683.00

Our preference: long positions above 2683.00 with targets at 2725.00 & 2740.00 in extension.

Alternative scenario: below 2683.00 look for further downside with 2662.00 & 2652.00 as targets.

Comment: the next resistances are at 2725.00 and then at 2740.00.

Supports and resistances:
2757.00
2740.00
2725.00
2706.17 Last
2683.00
2662.00
2652.00
https://charts.tradingcentral.com/charts/169_20241122212352.gif
16
Markets4you

23 Nov, 15:53

Gold Intraday: intraday support around 2683.00.Pivot: 2683.00

Our preference: long positions above 2683.00 with targets at 2725.00 & 2740.00 in extension.

Alternative scenario: below 2683.00 look for further downside with 2662.00 & 2652.00 as targets.

Comment: the next resistances are at 2725.00 and then at 2740.00.

Supports and resistances:
2757.00
2740.00
2725.00
2706.17 Last
2683.00
2662.00
2652.00
https://charts.tradingcentral.com/charts/169_20241122212352.gif
47
Markets4you

23 Nov, 12:05

USD/JPY intraday: the upside prevails as long as 154.17 is supportOur pivot point is at 154.17.

Our preference: the upside prevails as long as 154.17 is support.

Alternative scenario: below 154.17, expect 153.36 and 152.88.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 154.66 and 154.55).

Supports and resistances:
157.29 **
156.81 *
156.33 **
155.85
154.86 last
154.49
154.17 **
153.36 *
152.88 **
https://charts.tradingcentral.com/charts/jpyjpy241122215030.gif
63
Markets4you

23 Nov, 11:53

Gold Intraday: intraday support around 2683.00.Pivot: 2683.00

Our preference: long positions above 2683.00 with targets at 2725.00 & 2740.00 in extension.

Alternative scenario: below 2683.00 look for further downside with 2662.00 & 2652.00 as targets.

Comment: the next resistances are at 2725.00 and then at 2740.00.

Supports and resistances:
2757.00
2740.00
2725.00
2706.17 Last
2683.00
2662.00
2652.00
https://charts.tradingcentral.com/charts/169_20241122212352.gif
66
Markets4you

23 Nov, 07:53

Gold Intraday: intraday support around 2683.00.Pivot: 2683.00

Our preference: long positions above 2683.00 with targets at 2725.00 & 2740.00 in extension.

Alternative scenario: below 2683.00 look for further downside with 2662.00 & 2652.00 as targets.

Comment: the next resistances are at 2725.00 and then at 2740.00.

Supports and resistances:
2757.00
2740.00
2725.00
2706.17 Last
2683.00
2662.00
2652.00
https://charts.tradingcentral.com/charts/169_20241122212352.gif
69
Markets4you

23 Nov, 06:05

GBP/USD intraday: rebound towards 1.2595Our pivot point is at 1.2496.

Our preference: rebound towards 1.2595.

Alternative scenario: below 1.2496, expect 1.2459 and 1.2437.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (1.2521) but below its 50 period moving average (1.2553).

Supports and resistances:
1.2639 **
1.2617 *
1.2595 **
1.2573
1.2528 last
1.2511
1.2496 **
1.2459 *
1.2437 **
https://charts.tradingcentral.com/charts/gbpgbp241122215008.gif
70
Markets4you

23 Nov, 03:53

Gold Intraday: intraday support around 2683.00.Pivot: 2683.00

Our preference: long positions above 2683.00 with targets at 2725.00 & 2740.00 in extension.

Alternative scenario: below 2683.00 look for further downside with 2662.00 & 2652.00 as targets.

Comment: the next resistances are at 2725.00 and then at 2740.00.

Supports and resistances:
2757.00
2740.00
2725.00
2706.17 Last
2683.00
2662.00
2652.00
https://charts.tradingcentral.com/charts/169_20241122212352.gif
67
Markets4you

23 Nov, 00:05

EUR/USD intraday: rebound towards 1.0464Our pivot point stands at 1.0394.

Our preference: rebound towards 1.0464.

Alternative scenario: the downside breakout of 1.0394 would call for 1.0367 and 1.0352.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (1.0412) but below its 50 period moving average (1.0444).

Supports and resistances:
1.0495 **
1.0480 *
1.0464 **
1.0449
1.0416 last
1.0404
1.0394 **
1.0367 *
1.0352 **
https://charts.tradingcentral.com/charts/eureur241122214945.gif
67
Markets4you

22 Nov, 23:53

Gold Intraday: intraday support around 2683.00.Pivot: 2683.00

Our preference: long positions above 2683.00 with targets at 2725.00 & 2740.00 in extension.

Alternative scenario: below 2683.00 look for further downside with 2662.00 & 2652.00 as targets.

Comment: the next resistances are at 2725.00 and then at 2740.00.

Supports and resistances:
2757.00
2740.00
2725.00
2706.17 Last
2683.00
2662.00
2652.00
https://charts.tradingcentral.com/charts/169_20241122212352.gif
66
Markets4you

22 Nov, 19:53

Gold Intraday: continuation of the rebound.Pivot: 2675.00

Our preference: long positions above 2675.00 with targets at 2725.00 & 2740.00 in extension.

Alternative scenario: below 2675.00 look for further downside with 2662.00 & 2652.00 as targets.

Comment: the RSI calls for a new upleg.

Supports and resistances:
2757.00
2740.00
2725.00
2703.30 Last
2675.00
2662.00
2652.00
https://charts.tradingcentral.com/charts/169_20241122170313.gif
66
Markets4you

22 Nov, 18:05

EUR/USD intraday: the downside prevails as long as 1.0441 is resistance1.0441 is our pivot point.

Our preference: the downside prevails as long as 1.0441 is resistance.

Alternative scenario: the upside breakout of 1.0441, would call for 1.0467 and 1.0482.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0433 and 1.0462).

Supports and resistances:
1.0482 **
1.0467 *
1.0441 **
1.0430
1.0413 last
1.0364
1.0348 **
1.0333 *
1.0318 **
https://charts.tradingcentral.com/charts/eureur241122163041.gif
62
Markets4you

22 Nov, 15:53

Gold Intraday: rebound expected.Pivot: 2675.00

Our preference: long positions above 2675.00 with targets at 2710.00 & 2725.00 in extension.

Alternative scenario: below 2675.00 look for further downside with 2662.00 & 2652.00 as targets.

Comment: the RSI calls for a new upleg.

Supports and resistances:
2740.00
2725.00
2710.00
2689.82 Last
2675.00
2662.00
2652.00
https://charts.tradingcentral.com/charts/169_20241122154705.gif
77
Markets4you

22 Nov, 12:05

EUR/USD Intraday: choppy.Pivot: 1.0470

Our preference: short positions below 1.0470 with targets at 1.0334 & 1.0300 in extension.

Alternative scenario: above 1.0470 look for further upside with 1.0510 & 1.0545 as targets.

Comment: as long as 1.0470 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
1.0545
1.0510
1.0470
1.0387 Last
1.0334
1.0300
1.0290
https://charts.tradingcentral.com/charts/74_20241122114717.gif
88
Markets4you

22 Nov, 11:53

Gold Intraday: further advance.Pivot: 2675.00

Our preference: long positions above 2675.00 with targets at 2710.00 & 2725.00 in extension.

Alternative scenario: below 2675.00 look for further downside with 2662.00 & 2652.00 as targets.

Comment: the RSI is bullish and calls for further advance.

Supports and resistances:
2740.00
2725.00
2710.00
2704.69 Last
2675.00
2662.00
2652.00
https://charts.tradingcentral.com/charts/169_20241122114258.gif
89
Markets4you

22 Nov, 07:53

Gold Intraday: the upside prevails.Pivot: 2667.00

Our preference: long positions above 2667.00 with targets at 2700.00 & 2710.00 in extension.

Alternative scenario: below 2667.00 look for further downside with 2660.00 & 2652.00 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
2725.00
2710.00
2700.00
2686.00 Last
2667.00
2660.00
2652.00
https://charts.tradingcentral.com/charts/169_20241122073614.gif
94
Markets4you

22 Nov, 07:26

This week's market sentiment is driven by economic events in Canada and Eurozone. πŸ“Š Investors are closely monitoring these updates for potential impacts on global markets.
87
Markets4you

22 Nov, 07:23

Here are 3 key πŸ”‘ updates to consider before trading stocks today:

1️⃣Market Movement: Tech Sector Drives Trading
U.S. markets advanced Thursday, with mixed reactions to tech news - Nvidia shares gained a modest 0.5% post-earnings while Alphabet dropped 4.7% on DOJ concerns about Chrome divestment. European markets showed improvement as the Stoxx 600 gained 0.41%, though individual stocks like JD Sports (-15.5%) faced significant pressures on profit warnings.

2️⃣Cryptocurrency Milestone: Bitcoin Nears $100,000
Bitcoin reached a new high approaching $99,000 before settling around $98,600, driven by Trump's election victory and his pro-crypto stance. While Galaxy Digital CEO Michael Novogratz sees $100,000 as "inevitable," he warns of an upcoming correction, suggesting potential volatility in the cryptocurrency market.

3️⃣Monetary Policy Tension: Fed Independence and Trump
Growing concerns about slowing disinflation and Trump's potentially inflationary policies could lead the Federal Reserve to maintain higher rates. This stance might revive tensions between Trump and the Fed, reminiscent of his first term when he criticized the central bank's monetary policy decisions, potentially adding uncertainty to financial markets.
87
Markets4you

22 Nov, 07:23

πŸ“… Event Reminder: Important Global Data Releases Today!

Significant global economic data events (GMT+7):

8:30 PM - CAD: Core Retail Sales m/m (Previous: -0.7% | Forecast: -0.5%)
8:30 PM - CAD: Retail Sales m/m (Previous: 0.4% | Forecast: 0.3%)
9:45 PM - USD: Flash Manufacturing PMI (Previous: 48.5)
9:45 PM - USD: Flash Services PMI (Previous: 55.0)

These could cause high volatility for USD and CAD pairs like USDCAD, CADJPY, and USDJPY.
Stay alert!
72
Markets4you

22 Nov, 07:22

Pair of the Day - USD/CAD - November 22, 2024

CAD fails to maintain early gains despite higher manufacturing inflation data (Industrial Product & Raw Material Prices up in October). Limited market reaction as focus shifts to Friday's Retail Sales data amid BoC's accelerated rate cuts.

Technically, USD/CAD is moving near the 20-period moving average on the 4-hour chart, with the stochastic indicator moving higher towards the overbought area, suggesting a potential upward movement.

Resistance: 1.4035; 1.4103
Support: 1.3893; 1.3819

Trade with Markets4you today 🌐
Follow our official accounts πŸ‘: Facebook πŸ”΅ | Instagram 🟣 | YouTube ▢️
π˜›π˜³π˜’π˜₯π˜ͺ𝘯𝘨 π˜ͺ𝘯𝘷𝘰𝘭𝘷𝘦𝘴 𝘴π˜ͺ𝘨𝘯π˜ͺ𝘧π˜ͺ𝘀𝘒𝘯𝘡 𝘳π˜ͺ𝘴𝘬 𝘡𝘰 𝘺𝘰𝘢𝘳 π˜ͺ𝘯𝘷𝘦𝘴𝘡𝘦π˜₯ 𝘀𝘒𝘱π˜ͺ𝘡𝘒𝘭.
75
Markets4you

18 Nov, 18:02

EUR/USD intraday: the upside prevails as long as 1.0538 is supportOur pivot point stands at 1.0538.

Our preference: the upside prevails as long as 1.0538 is support.

Alternative scenario: the downside breakout of 1.0538 would call for 1.0511 and 1.0494.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0551 and 1.0544).

Supports and resistances:
1.0655 **
1.0639 *
1.0623 **
1.0606
1.0561 last
1.0549
1.0538 **
1.0511 *
1.0494 **
https://charts.tradingcentral.com/charts/eureur241118163418.gif
12
Markets4you

18 Nov, 15:50

Gold Intraday: intraday support around 2593.00.Pivot: 2593.00

Our preference: long positions above 2593.00 with targets at 2627.00 & 2649.00 in extension.

Alternative scenario: below 2593.00 look for further downside with 2577.00 & 2557.00 as targets.

Comment: the RSI is above its neutrality area at 50%.

Supports and resistances:
2675.00
2649.00
2627.00
2608.90 Last
2593.00
2577.00
2557.00
https://charts.tradingcentral.com/charts/169_20241118161715.gif
40
Markets4you

18 Nov, 12:02

EUR/USD Intraday: under pressure.Pivot: 1.0580

Our preference: short positions below 1.0580 with targets at 1.0500 & 1.0475 in extension.

Alternative scenario: above 1.0580 look for further upside with 1.0610 & 1.0640 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
1.0640
1.0610
1.0580
1.0555 Last
1.0500
1.0475
1.0450
https://charts.tradingcentral.com/charts/74_20241118115246.gif
60
Markets4you

18 Nov, 11:50

Gold Intraday: the bias remains bullish.Pivot: 2569.00

Our preference: long positions above 2569.00 with targets at 2600.00 & 2618.00 in extension.

Alternative scenario: below 2569.00 look for further downside with 2557.00 & 2545.00 as targets.

Comment: the RSI calls for a bounce.

Supports and resistances:
2627.00
2618.00
2600.00
2592.81 Last
2569.00
2557.00
2545.00
https://charts.tradingcentral.com/charts/169_20241118114742.gif
57
Markets4you

18 Nov, 07:50

Gold Intraday: bullish bias above 2569.00.Pivot: 2569.00

Our preference: long positions above 2569.00 with targets at 2600.00 & 2618.00 in extension.

Alternative scenario: below 2569.00 look for further downside with 2557.00 & 2545.00 as targets.

Comment: the RSI advocates for further upside.

Supports and resistances:
2627.00
2618.00
2600.00
2588.74 Last
2569.00
2557.00
2545.00
https://charts.tradingcentral.com/charts/169_20241118064549.gif
75
Markets4you

18 Nov, 07:49

Here are 3 key πŸ”‘ updates to consider before trading stocks today:

1️⃣Market Decline: Weekly Losses Across Major Indexes
U.S. markets ended the week with significant losses - the S&P 500 fell 1.32%, Dow Jones dropped 0.7%, and Nasdaq tumbled 2.24%. European markets also struggled, with the Stoxx 600 declining 0.77% for its fourth consecutive losing week. The UK's lower-than-expected Q3 growth of 0.1% added to economic concerns.

2️⃣Trade Policy Impact: U.S.-China Relations
Trump's proposed trade policies toward China could have unintended consequences for U.S. companies, with potential Chinese retaliation including counter-tariffs, import diversification, and increased scrutiny of U.S. businesses operating in China. This comes as President Biden held his final official meeting with Xi Jinping, where discussions focused on maintaining communication during the upcoming administration transition.

3️⃣Space Sector Surge: "Trump-Elon" Trade Effect
Space-focused companies have seen remarkable gains, exemplified by Rocket Lab's 41% weekly increase. While company-specific factors like earnings contributed, analysts attribute much of the sector's performance to the "Trump-Elon" trade, suggesting investor optimism about potential space industry support under a Trump administration.
67
Markets4you

18 Nov, 07:48

πŸ“Š Weekly Market Recap: Key Highlights

πŸ‡ΊπŸ‡Έ US job openings fell by 418K to 7.443M in Sep 2024, down from 7.861M in Aug.
πŸ‡ΊπŸ‡Έ US GDP grew 2.8% annualized in Q3 2024, below 3% in Q2.
πŸ‡¦πŸ‡Ί Australia's annual CPI rose 2.1% in Sep 2024, down from 2.7% in Aug.
πŸ‡―πŸ‡΅ BoJ kept short-term rate at 0.25% in Oct 2024, highest since 2008.
πŸ‡ΊπŸ‡Έ US core PCE price index rose 0.3% MoM in Sep 2024, highest in 5 months.
πŸ‡ΊπŸ‡Έ US added only 12K jobs in Oct 2024, lowest since Dec 2020.
πŸ‡ΊπŸ‡Έ US unemployment rate steady at 4.1% in Oct 2024, unchanged from Sep.
πŸ‡ΊπŸ‡Έ ISM Manufacturing PMI fell to 46.5 in Oct 2024, down from 47.2 in Sep.
56
Markets4you

18 Nov, 07:45

Pair of the Day - EUR/USD - November 18, 2024

Euro weakens as ECB signals December rate cut with inflation expected to drop to 2.4% in 2024. Contrasts with Fed's Powell tempering rate cut expectations amid strong US data (Retail Sales +0.4%, Empire Index 31.2) and resilient economy.

Technically, EUR/USD is moving below the 20-period moving average on the 4-hour chart, with the stochastic indicator moving flatly lower near the oversold area, suggesting a potential decline.

Resistance: 1.0601; 1.0640
Support: 1.0504; 1.0464

Trade with Markets4you today 🌐
Follow our official accounts πŸ‘: Facebook πŸ”΅ | Instagram 🟣 | YouTube ▢️
π˜›π˜³π˜’π˜₯π˜ͺ𝘯𝘨 π˜ͺ𝘯𝘷𝘰𝘭𝘷𝘦𝘴 𝘴π˜ͺ𝘨𝘯π˜ͺ𝘧π˜ͺ𝘀𝘒𝘯𝘡 𝘳π˜ͺ𝘴𝘬 𝘡𝘰 𝘺𝘰𝘢𝘳 π˜ͺ𝘯𝘷𝘦𝘴𝘡𝘦π˜₯ 𝘀𝘒𝘱π˜ͺ𝘡𝘒𝘭.
59
Markets4you

18 Nov, 07:45

Pair of the Day - GBP/USD - November 18, 2024

USD pauses below recent highs but remains supported by Trump's inflation-stoking policies and higher yields. GBP faces pressure from weak economic data (rising unemployment, GDP contraction) despite BoE's reluctance for December rate cut.

Technically, GBP/USD is moving below the 20-period moving average on the 4-hour chart, with the stochastic indicator trying to exit the oversold area, suggesting a potential slight upward move.

Resistance: 1.2694; 1.2790
Support: 1.2563; 1.2476

Trade with Markets4you today 🌐
Follow our official accounts πŸ‘: Facebook πŸ”΅ | Instagram 🟣 | YouTube ▢️
π˜›π˜³π˜’π˜₯π˜ͺ𝘯𝘨 π˜ͺ𝘯𝘷𝘰𝘭𝘷𝘦𝘴 𝘴π˜ͺ𝘨𝘯π˜ͺ𝘧π˜ͺ𝘀𝘒𝘯𝘡 𝘳π˜ͺ𝘴𝘬 𝘡𝘰 𝘺𝘰𝘢𝘳 π˜ͺ𝘯𝘷𝘦𝘴𝘡𝘦π˜₯ 𝘀𝘒𝘱π˜ͺ𝘡𝘒𝘭.
54
Markets4you

18 Nov, 06:02

EUR/USD Intraday: under pressure.Pivot: 1.0580

Our preference: short positions below 1.0580 with targets at 1.0500 & 1.0475 in extension.

Alternative scenario: above 1.0580 look for further upside with 1.0610 & 1.0640 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
1.0640
1.0610
1.0580
1.0539 Last
1.0500
1.0475
1.0450
https://charts.tradingcentral.com/charts/74_20241118042249.gif
74
Markets4you

18 Nov, 03:50

Gold Intraday: bounce.Pivot: 2569.00

Our preference: long positions above 2569.00 with targets at 2600.00 & 2618.00 in extension.

Alternative scenario: below 2569.00 look for further downside with 2557.00 & 2545.00 as targets.

Comment: the RSI is bullish and calls for further advance.

Supports and resistances:
2627.00
2618.00
2600.00
2590.51 Last
2569.00
2557.00
2545.00
https://charts.tradingcentral.com/charts/169_20241118042152.gif
91
Markets4you

17 Nov, 23:50

Gold Intraday: key resistance at 2576.00.Pivot: 2576.00

Our preference: short positions below 2576.00 with targets at 2550.00 & 2537.00 in extension.

Alternative scenario: above 2576.00 look for further upside with 2587.00 & 2600.00 as targets.

Comment: the RSI advocates for further downside.

Supports and resistances:
2600.00
2587.00
2576.00
2561.09 Last
2550.00
2537.00
2526.00
https://charts.tradingcentral.com/charts/169_20241118001233.gif
91
Markets4you

17 Nov, 19:50

Gold Intraday: intraday support around 2555.00.Pivot: 2555.00

Our preference: long positions above 2555.00 with targets at 2587.00 & 2601.00 in extension.

Alternative scenario: below 2555.00 look for further downside with 2537.00 & 2527.00 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.

Supports and resistances:
2617.00
2601.00
2587.00
2561.00 Last
2555.00
2537.00
2527.00
https://charts.tradingcentral.com/charts/169_20241115220501.gif
86
Markets4you

17 Nov, 15:51

Gold Intraday: intraday support around 2555.00.Pivot: 2555.00

Our preference: long positions above 2555.00 with targets at 2587.00 & 2601.00 in extension.

Alternative scenario: below 2555.00 look for further downside with 2537.00 & 2527.00 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.

Supports and resistances:
2617.00
2601.00
2587.00
2561.00 Last
2555.00
2537.00
2527.00
https://charts.tradingcentral.com/charts/169_20241115220501.gif
94
Markets4you

17 Nov, 11:50

Gold Intraday: intraday support around 2555.00.Pivot: 2555.00

Our preference: long positions above 2555.00 with targets at 2587.00 & 2601.00 in extension.

Alternative scenario: below 2555.00 look for further downside with 2537.00 & 2527.00 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.

Supports and resistances:
2617.00
2601.00
2587.00
2561.00 Last
2555.00
2537.00
2527.00
https://charts.tradingcentral.com/charts/169_20241115220501.gif
88
Markets4you

17 Nov, 07:50

Gold Intraday: intraday support around 2555.00.Pivot: 2555.00

Our preference: long positions above 2555.00 with targets at 2587.00 & 2601.00 in extension.

Alternative scenario: below 2555.00 look for further downside with 2537.00 & 2527.00 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.

Supports and resistances:
2617.00
2601.00
2587.00
2561.00 Last
2555.00
2537.00
2527.00
https://charts.tradingcentral.com/charts/169_20241115220501.gif
89
Markets4you

17 Nov, 03:50

Gold Intraday: intraday support around 2555.00.Pivot: 2555.00

Our preference: long positions above 2555.00 with targets at 2587.00 & 2601.00 in extension.

Alternative scenario: below 2555.00 look for further downside with 2537.00 & 2527.00 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.

Supports and resistances:
2617.00
2601.00
2587.00
2561.00 Last
2555.00
2537.00
2527.00
https://charts.tradingcentral.com/charts/169_20241115220501.gif
90
Markets4you

16 Nov, 23:51

Gold Intraday: intraday support around 2555.00.Pivot: 2555.00

Our preference: long positions above 2555.00 with targets at 2587.00 & 2601.00 in extension.

Alternative scenario: below 2555.00 look for further downside with 2537.00 & 2527.00 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.

Supports and resistances:
2617.00
2601.00
2587.00
2561.00 Last
2555.00
2537.00
2527.00
https://charts.tradingcentral.com/charts/169_20241115220501.gif
91
Markets4you

16 Nov, 19:50

Gold Intraday: intraday support around 2555.00.Pivot: 2555.00

Our preference: long positions above 2555.00 with targets at 2587.00 & 2601.00 in extension.

Alternative scenario: below 2555.00 look for further downside with 2537.00 & 2527.00 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.

Supports and resistances:
2617.00
2601.00
2587.00
2561.00 Last
2555.00
2537.00
2527.00
https://charts.tradingcentral.com/charts/169_20241115220501.gif
85
Markets4you

16 Nov, 15:50

Gold Intraday: intraday support around 2555.00.Pivot: 2555.00

Our preference: long positions above 2555.00 with targets at 2587.00 & 2601.00 in extension.

Alternative scenario: below 2555.00 look for further downside with 2537.00 & 2527.00 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.

Supports and resistances:
2617.00
2601.00
2587.00
2561.00 Last
2555.00
2537.00
2527.00
https://charts.tradingcentral.com/charts/169_20241115220501.gif
92
Markets4you

16 Nov, 07:50

Gold Intraday: intraday support around 2555.00.Pivot: 2555.00

Our preference: long positions above 2555.00 with targets at 2587.00 & 2601.00 in extension.

Alternative scenario: below 2555.00 look for further downside with 2537.00 & 2527.00 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.

Supports and resistances:
2617.00
2601.00
2587.00
2561.00 Last
2555.00
2537.00
2527.00
https://charts.tradingcentral.com/charts/169_20241115220501.gif
15
Markets4you

16 Nov, 07:41

GBP/USD intraday: the RSI is oversoldOur pivot point is at 1.2630.

Our preference: the downside prevails as long as 1.2630 is resistance.

Alternative scenario: the upside breakout of 1.2630, would call for 1.2666 and 1.2687.

Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2640 and 1.2657).

Supports and resistances:
1.2687 **
1.2666 *
1.2630 **
1.2617
1.2601 last
1.2557
1.2537 **
1.2516 *
1.2495 **
https://charts.tradingcentral.com/charts/gbpgbp241115213944.gif
16
Markets4you

16 Nov, 03:50

Gold Intraday: intraday support around 2555.00.Pivot: 2555.00

Our preference: long positions above 2555.00 with targets at 2587.00 & 2601.00 in extension.

Alternative scenario: below 2555.00 look for further downside with 2537.00 & 2527.00 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.

Supports and resistances:
2617.00
2601.00
2587.00
2561.00 Last
2555.00
2537.00
2527.00
https://charts.tradingcentral.com/charts/169_20241115220501.gif
30
Markets4you

16 Nov, 01:41

EUR/USD intraday: the downside prevails as long as 1.0545 is resistance1.0545 is our pivot point.

Our preference: the downside prevails as long as 1.0545 is resistance.

Alternative scenario: the upside breakout of 1.0545, would call for 1.0573 and 1.0589.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0551 and 1.0546).

Supports and resistances:
1.0589 **
1.0573 *
1.0545 **
1.0534
1.0523 last
1.0488
1.0472 **
1.0455 *
1.0439 **
https://charts.tradingcentral.com/charts/eureur241115213924.gif
35
Markets4you

15 Nov, 23:50

Gold Intraday: intraday support around 2555.00.Pivot: 2555.00

Our preference: long positions above 2555.00 with targets at 2587.00 & 2601.00 in extension.

Alternative scenario: below 2555.00 look for further downside with 2537.00 & 2527.00 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.

Supports and resistances:
2617.00
2601.00
2587.00
2561.00 Last
2555.00
2537.00
2527.00
https://charts.tradingcentral.com/charts/169_20241115220501.gif
38
Markets4you

15 Nov, 19:50

Gold Intraday: intraday support around 2555.00.Pivot: 2555.00

Our preference: long positions above 2555.00 with targets at 2587.00 & 2601.00 in extension.

Alternative scenario: below 2555.00 look for further downside with 2537.00 & 2527.00 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.

Supports and resistances:
2617.00
2601.00
2587.00
2562.00 Last
2555.00
2537.00
2527.00
https://charts.tradingcentral.com/charts/169_20241115181104.gif
44
Markets4you

15 Nov, 19:41

EUR/USD intraday: the downside prevails as long as 1.0574 is resistanceOur pivot point stands at 1.0574.

Our preference: the downside prevails as long as 1.0574 is resistance.

Alternative scenario: above 1.0574, look for 1.0601 and 1.0618.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0557 and 1.0547).

Supports and resistances:
1.0618 **
1.0601 *
1.0574 **
1.0563
1.0546 last
1.0510
1.0494 **
1.0477 *
1.0461 **
https://charts.tradingcentral.com/charts/eureur241115202317.gif
44
Markets4you

15 Nov, 15:50

Gold Intraday: continuation of the rebound.Pivot: 2560.00

Our preference: long positions above 2560.00 with targets at 2577.00 & 2587.00 in extension.

Alternative scenario: below 2560.00 look for further downside with 2545.00 & 2537.00 as targets.

Comment: the RSI is bullish and calls for further advance.

Supports and resistances:
2601.00
2587.00
2577.00
2571.96 Last
2560.00
2545.00
2537.00
https://charts.tradingcentral.com/charts/169_20241115131104.gif
56
Markets4you

15 Nov, 13:41

EUR/USD Intraday: further advance.Pivot: 1.0540

Our preference: long positions above 1.0540 with targets at 1.0600 & 1.0625 in extension.

Alternative scenario: below 1.0540 look for further downside with 1.0515 & 1.0495 as targets.

Comment: the RSI is bullish and calls for further advance.

Supports and resistances:
1.0645
1.0625
1.0600
1.0578 Last
1.0540
1.0515
1.0495
https://charts.tradingcentral.com/charts/74_20241115124745.gif
62
Markets4you

15 Nov, 11:50

Gold Intraday: intraday support around 2552.00.Pivot: 2552.00

Our preference: long positions above 2552.00 with targets at 2577.00 & 2587.00 in extension.

Alternative scenario: below 2552.00 look for further downside with 2545.00 & 2537.00 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
2601.00
2587.00
2577.00
2566.88 Last
2552.00
2545.00
2537.00
https://charts.tradingcentral.com/charts/169_20241115111939.gif
64
Markets4you

15 Nov, 09:39

Here are 3 key πŸ”‘ updates to consider before trading stocks today:

1️⃣Market Sentiment: Rally Momentum Slows
U.S. markets declined Thursday as the post-election rally loses steam, particularly in "Trump trades." However, European markets showed strength with the Stoxx 600 gaining 1.08%, helped by Burberry's 18.7% surge following its brand overhaul announcement. This divergence suggests shifting investor focus from election-related enthusiasm to fundamental factors.

2️⃣Fed Policy Stance: Powell Urges Patience
Fed Chair Jerome Powell dampened rate cut expectations, stating the Fed isn't "in a hurry to lower rates" given continued economic strength. He attributed October's weak jobs report to temporary factors like hurricanes and strikes. This hawkish tone, combined with the PPI rising 0.2% in October, suggests a more cautious approach to monetary policy easing.

3️⃣Corporate Performance: Disney's Strong Results
Disney shares jumped 6.2% after beating earnings expectations, with net income increasing 74.2% year-over-year. A key highlight was Disney+ reaching profitability and growing its subscriber base, demonstrating successful execution in the competitive streaming market and potentially signaling broader strength in the entertainment sector.
62
Markets4you

15 Nov, 09:38

πŸ“… Event Reminder: Important Global Data Releases Today!

Significant global economic data events (GMT+7):

8:30 PM - USD: Core Retail Sales m/m (Previous: 0.5% | Forecast: 0.2%)
8:30 PM - USD: Retail Sales m/m (Previous: 0.4% | Forecast: 0.3%)

These could cause high volatility for USD pairs like GBP and USD pairs like GBPUSD, USDJPY, and XAUUSD.
Stay alert!
56
Markets4you

15 Nov, 09:36

Pair of the Day - USD/CAD - November 15, 2024

Pair steady near 1.4060 as USD consolidates at 2024 highs. Powell signals careful rate cut pace amid strong economy, supported by higher PPI (2.4% YoY). Lower oil prices pressure commodity-linked CAD. Focus shifts to US Retail Sales data.

Technically, USD/CAD is moving above the 20-period moving average on the 4-hour chart, with the stochastic indicator moving inside the overbought area, suggesting a potential upward movement.

Resistance: 1.4179; 1.4307
Support: 1.3947; 1.3812

Trade with Markets4you today 🌐
Follow our official accounts πŸ‘: Facebook πŸ”΅ | Instagram 🟣 | YouTube ▢️
π˜›π˜³π˜’π˜₯π˜ͺ𝘯𝘨 π˜ͺ𝘯𝘷𝘰𝘭𝘷𝘦𝘴 𝘴π˜ͺ𝘨𝘯π˜ͺ𝘧π˜ͺ𝘀𝘒𝘯𝘡 𝘳π˜ͺ𝘴𝘬 𝘡𝘰 𝘺𝘰𝘢𝘳 π˜ͺ𝘯𝘷𝘦𝘴𝘡𝘦π˜₯ 𝘀𝘒𝘱π˜ͺ𝘡𝘒𝘭.
49
Markets4you

15 Nov, 09:36

Pair of the Day - GBP/USD - November 15, 2024

Pound drops below 1.2700 to 19-week lows near 1.2650, heading for worst week since mid-2023. US PPI data shows persistent inflation pressures. Focus shifts to Friday's UK GDP (forecast 0.2% QoQ) and US Retail Sales data.

Technically, GBP/USD is moving below the 20-period moving average on the 4-hour chart, with the stochastic indicator moving in the middle, suggesting a potential decline.

Resistance: 1.2786; 1.2906
Support: 1.2596; 1.2476

Trade with Markets4you today 🌐
Follow our official accounts πŸ‘: Facebook πŸ”΅ | Instagram 🟣 | YouTube ▢️
π˜›π˜³π˜’π˜₯π˜ͺ𝘯𝘨 π˜ͺ𝘯𝘷𝘰𝘭𝘷𝘦𝘴 𝘴π˜ͺ𝘨𝘯π˜ͺ𝘧π˜ͺ𝘀𝘒𝘯𝘡 𝘳π˜ͺ𝘴𝘬 𝘡𝘰 𝘺𝘰𝘢𝘳 π˜ͺ𝘯𝘷𝘦𝘴𝘡𝘦π˜₯ 𝘀𝘒𝘱π˜ͺ𝘡𝘒𝘭.
55
Markets4you

15 Nov, 07:50

Gold Intraday: the bias remains bullish.Pivot: 2552.00

Our preference: long positions above 2552.00 with targets at 2577.00 & 2587.00 in extension.

Alternative scenario: below 2552.00 look for further downside with 2545.00 & 2537.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
2601.00
2587.00
2577.00
2565.25 Last
2552.00
2545.00
2537.00
https://charts.tradingcentral.com/charts/169_20241115063932.gif
60
Markets4you

15 Nov, 07:41

EUR/USD Intraday: key resistance at 1.0580.Pivot: 1.0580

Our preference: short positions below 1.0580 with targets at 1.0495 & 1.0475 in extension.

Alternative scenario: above 1.0580 look for further upside with 1.0600 & 1.0625 as targets.

Comment: as long as the resistance at 1.0580 is not surpassed, the risk of the break below 1.0495 remains high.

Supports and resistances:
1.0625
1.0600
1.0580
1.0540 Last
1.0495
1.0475
1.0455
https://charts.tradingcentral.com/charts/74_20241115065241.gif
62
Markets4you

15 Nov, 03:50

Gold Intraday: bullish bias above 2552.00.Pivot: 2552.00

Our preference: long positions above 2552.00 with targets at 2577.00 & 2587.00 in extension.

Alternative scenario: below 2552.00 look for further downside with 2545.00 & 2537.00 as targets.

Comment: technically the RSI is above its neutrality area at 50.

Supports and resistances:
2601.00
2587.00
2577.00
2568.54 Last
2552.00
2545.00
2537.00
https://charts.tradingcentral.com/charts/169_20241115044128.gif
71
Markets4you

15 Nov, 01:41

USD/JPY Intraday: the upside prevails.Pivot: 155.65

Our preference: long positions above 155.65 with targets at 156.60 & 157.00 in extension.

Alternative scenario: below 155.65 look for further downside with 155.30 & 154.90 as targets.

Comment: the RSI advocates for further upside.

Supports and resistances:
157.30
157.00
156.60
156.28 Last
155.65
155.30
154.90
https://charts.tradingcentral.com/charts/75_20241115001912.gif
71
Markets4you

14 Nov, 23:50

Gold Intraday: bullish bias above 2550.00.Pivot: 2550.00

Our preference: long positions above 2550.00 with targets at 2577.00 & 2587.00 in extension.

Alternative scenario: below 2550.00 look for further downside with 2537.00 & 2526.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
2601.00
2587.00
2577.00
2565.18 Last
2550.00
2537.00
2526.00
https://charts.tradingcentral.com/charts/169_20241115000225.gif
65
Markets4you

14 Nov, 19:50

Gold Intraday: intraday support around 2543.00.Pivot: 2543.00

Our preference: long positions above 2543.00 with targets at 2585.00 & 2605.00 in extension.

Alternative scenario: below 2543.00 look for further downside with 2500.00 & 2470.00 as targets.

Comment: the next resistances are at 2585.00 and then at 2605.00.

Supports and resistances:
2619.00
2605.00
2585.00
2567.40 Last
2543.00
2500.00
2470.00
https://charts.tradingcentral.com/charts/169_20241114193010.gif
68
Markets4you

23 Oct, 09:51

EUR/USD Intraday: key resistance at 1.0840.Pivot: 1.0840

Our preference: short positions below 1.0840 with targets at 1.0800 & 1.0780 in extension.

Alternative scenario: above 1.0840 look for further upside with 1.0855 & 1.0870 as targets.

Comment: as long as 1.0840 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
1.0870
1.0855
1.0840
1.0827 Last
1.0800
1.0780
1.0765
https://charts.tradingcentral.com/charts/74_20241022130257.gif
19
Markets4you

23 Oct, 08:15

Here are 3 key πŸ”‘ updates to consider before trading stocks today:

1️⃣Market Mixed Performance: Tech Shows Resilience
U.S. markets displayed mixed performance on Tuesday, with the S&P 500 and Dow Jones Industrial Average dipping slightly while the Nasdaq Composite added 0.18%. In Europe, the Stoxx 600 index fell 0.21%, though there were notable individual moves such as German software company SAP rising 2.1% on strong third-quarter earnings, while Maersk declined 3.1% despite an upgraded full-year forecast. This varied performance across sectors and regions suggests investors are carefully weighing different market factors and company-specific news.

2️⃣Global Economic Outlook: IMF Projects Lower Inflation, Modest Growth
The International Monetary Fund released new projections showing global headline inflation is expected to decrease to 3.5% annually by the end of 2025, down from an average of 5.8% in 2024. However, global growth forecasts remain modest at 3.2% for both 2024 and 2025, which the IMF characterizes as "stable yet underwhelming." This outlook suggests a delicate balance between inflation control and economic growth that could influence investment strategies and market sentiment.

3️⃣Corporate Performance: GM's Strong Quarter Boosts Auto Sector
General Motors shares surged almost 10% following impressive third-quarter results that exceeded Wall Street's expectations for both earnings and revenue. The company raised its 2024 earnings guidance for the third time this year, demonstrating strong operational performance despite industry challenges. This positive performance from a major automaker could signal broader strength in the manufacturing sector and consumer spending, potentially influencing related sectors and overall market sentiment.
27
Markets4you

23 Oct, 08:14

πŸ“… Event Reminder: Important Global Data Releases Today!

Significant global economic data events (GMT+7):

8:45 PM - CAD: BOC Monetary Policy Report
8:45 PM - CAD: BOC Rate Statement
8:45 PM - CAD: Overnight Rate (Previous: 4.25% | Forecast: 3.75%)
9:30 PM - CAD: BOC Press Conference

These data are for Wednesday, October 24
2:15 PM - EUR: French Flash Manufacturing PMI (Previous: 44.6 | Forecast: 45.1)
2:15 PM - EUR: French Flash Services PMI (Previous: 49.6 | Forecast: 49.9)
2:30 PM - EUR: German Flash Manufacturing PMI (Previous: 40.6 | Forecast: 40.7)
2:30 PM - EUR: German Flash Services PMI (Previous: 50.6 | Forecast: 50.6)
3:30 PM - GBP: Flash Manufacturing PMI (Previous: 51.5 | Forecast: 51.5)
3:30 PM - GBP: Flash Services PMI (Previous: 52.4 | Forecast: 52.3)

These could cause high volatility for CAD, EUR and GBP pairs like USDCAD, EURUSD, and EURCAD.
Stay alert!
21
Markets4you

23 Oct, 08:12

Pair of the Day - CAD/JPY - October 23, 2024

CAD/JPY is set for potential gains as the Japanese Yen weakens amid BoJ rate hike uncertainty, despite intervention warnings. However, a looming Bank of Canada rate cut could pressure the CAD, limiting upside momentum. Central bank moves will drive this pair.

Technically, CAD/JPY is moving above the 20-period moving average on the 4-hour chart, with the stochastic indicator moving higher within the overbought area, suggesting a potential upward movement.

Resistance: 110.93; 111.79
Support: 109.68; 108.87

Trade with Markets4you today 🌐
Follow our official accounts πŸ‘: Facebook πŸ”΅ | Instagram 🟣 | YouTube ▢️
π˜›π˜³π˜’π˜₯π˜ͺ𝘯𝘨 π˜ͺ𝘯𝘷𝘰𝘭𝘷𝘦𝘴 𝘴π˜ͺ𝘨𝘯π˜ͺ𝘧π˜ͺ𝘀𝘒𝘯𝘡 𝘳π˜ͺ𝘴𝘬 𝘡𝘰 𝘺𝘰𝘢𝘳 π˜ͺ𝘯𝘷𝘦𝘴𝘡𝘦π˜₯ 𝘀𝘒𝘱π˜ͺ𝘡𝘒𝘭.
24
Markets4you

23 Oct, 08:12

Pair of the Day - USD/CAD - October 23, 2024

The Canadian Dollar remained steady on Tuesday as traders awaited the Bank of Canada’s expected rate cut on Wednesday. With inflation easing and the economy slowing, a 50 bps cut could weaken the CAD further, which has already dropped 3% against the US Dollar since late September.

Technically, USD/CAD is moving around the 20-period moving average on the 4-hour chart, with the stochastic indicator moving higher near the oversold area, suggesting a potential upward movement.

Resistance: 1.3873; 1.3946
Support: 1.3785; 1.3732

Trade with Markets4you today 🌐
Follow our official accounts πŸ‘: Facebook πŸ”΅ | Instagram 🟣 | YouTube ▢️
π˜›π˜³π˜’π˜₯π˜ͺ𝘯𝘨 π˜ͺ𝘯𝘷𝘰𝘭𝘷𝘦𝘴 𝘴π˜ͺ𝘨𝘯π˜ͺ𝘧π˜ͺ𝘀𝘒𝘯𝘡 𝘳π˜ͺ𝘴𝘬 𝘡𝘰 𝘺𝘰𝘢𝘳 π˜ͺ𝘯𝘷𝘦𝘴𝘡𝘦π˜₯ 𝘀𝘒𝘱π˜ͺ𝘡𝘒𝘭.
23
Markets4you

23 Oct, 07:52

GBP/USD Intraday: the downside prevails.Pivot: 1.3010

Our preference: short positions below 1.3010 with targets at 1.2970 & 1.2945 in extension.

Alternative scenario: above 1.3010 look for further upside with 1.3030 & 1.3055 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:
1.3055
1.3030
1.3010
1.2986 Last
1.2970
1.2945
1.2920
https://charts.tradingcentral.com/charts/76_20241022111541.gif
27
Markets4you

23 Oct, 05:52

EUR/USD Intraday: key resistance at 1.0840.Pivot: 1.0840

Our preference: short positions below 1.0840 with targets at 1.0800 & 1.0780 in extension.

Alternative scenario: above 1.0840 look for further upside with 1.0855 & 1.0870 as targets.

Comment: as long as the resistance at 1.0840 is not surpassed, the risk of the break below 1.0800 remains high.

Supports and resistances:
1.0870
1.0855
1.0840
1.0825 Last
1.0800
1.0780
1.0765
https://charts.tradingcentral.com/charts/74_20241022111539.gif
38
Markets4you

23 Oct, 03:51

USD/JPY Intraday: watch 151.10.Pivot: 150.45

Our preference: long positions above 150.45 with targets at 151.10 & 151.60 in extension.

Alternative scenario: below 150.45 look for further downside with 150.10 & 149.70 as targets.

Comment: the RSI advocates for further upside.

Supports and resistances:
152.00
151.60
151.10
150.96 Last
150.45
150.10
149.70
https://charts.tradingcentral.com/charts/75_20241022054556.gif
53
Markets4you

23 Oct, 01:51

EUR/USD Intraday: under pressure.Pivot: 1.0840

Our preference: short positions below 1.0840 with targets at 1.0800 & 1.0780 in extension.

Alternative scenario: above 1.0840 look for further upside with 1.0855 & 1.0870 as targets.

Comment: as long as the resistance at 1.0840 is not surpassed, the risk of the break below 1.0800 remains high.

Supports and resistances:
1.0870
1.0855
1.0840
1.0816 Last
1.0800
1.0780
1.0765
https://charts.tradingcentral.com/charts/74_20241022054556.gif
48
Markets4you

22 Oct, 23:51

EUR/USD Intraday: under pressure.Pivot: 1.0840

Our preference: short positions below 1.0840 with targets at 1.0800 & 1.0780 in extension.

Alternative scenario: above 1.0840 look for further upside with 1.0855 & 1.0870 as targets.

Comment: as long as the resistance at 1.0840 is not surpassed, the risk of the break below 1.0800 remains high.

Supports and resistances:
1.0870
1.0855
1.0840
1.0819 Last
1.0800
1.0780
1.0765
https://charts.tradingcentral.com/charts/74_20241022033540.gif
56
Markets4you

22 Oct, 21:51

EUR/USD Intraday: under pressure.Pivot: 1.0840

Our preference: short positions below 1.0840 with targets at 1.0800 & 1.0780 in extension.

Alternative scenario: above 1.0840 look for further upside with 1.0855 & 1.0870 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:
1.0870
1.0855
1.0840
1.0814 Last
1.0800
1.0780
1.0765
https://charts.tradingcentral.com/charts/74_20241022013533.gif
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Markets4you

22 Oct, 19:52

EUR/USD intraday: the RSI is oversoldOur pivot point stands at 1.0833.

Our preference: the downside prevails as long as 1.0833 is resistance.

Alternative scenario: the upside breakout of 1.0833, would call for 1.0855 and 1.0869.

Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0828 and 1.0847).

Supports and resistances:
1.0869 **
1.0855 *
1.0833 **
1.0824
1.0814 last
1.0785
1.0772 **
1.0758 *
1.0745 **
https://charts.tradingcentral.com/charts/eureur241021230536.gif
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Markets4you

22 Oct, 17:51

GBP/USD intraday: the downside prevails as long as 1.3016 is resistanceOur pivot point stands at 1.3016.

Our preference: the downside prevails as long as 1.3016 is resistance.

Alternative scenario: above 1.3016, look for 1.3051 and 1.3072.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3009 and 1.3030).

Supports and resistances:
1.3072 **
1.3051 *
1.3016 **
1.3002
1.2985 last
1.2942
1.2922 **
1.2901 *
1.2880 **
https://charts.tradingcentral.com/charts/gbpgbp241021202639.gif
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Markets4you

22 Oct, 15:51

EUR/USD intraday: the RSI is oversoldOur pivot point stands at 1.0834.

Our preference: the downside prevails as long as 1.0834 is resistance.

Alternative scenario: above 1.0834, look for 1.0857 and 1.0870.

Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0839 and 1.0853).

Supports and resistances:
1.0870 **
1.0857 *
1.0834 **
1.0825
1.0816 last
1.0787
1.0774 **
1.0760 *
1.0747 **
https://charts.tradingcentral.com/charts/eureur241021202625.gif
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Markets4you

22 Oct, 13:52

GBP/USD intraday: below its lower Bollinger bandOur pivot point is at 1.3037.

Our preference: the downside prevails as long as 1.3037 is resistance.

Alternative scenario: the upside breakout of 1.3037, would call for 1.3072 and 1.3093.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3025 and 1.3037). Finally, the GBP/USD has penetrated its lower Bollinger band (1.3005).

Supports and resistances:
1.3093 **
1.3072 *
1.3037 **
1.3023
1.3002 last
1.2959
1.2938 **
1.2917 *
1.2896 **
https://charts.tradingcentral.com/charts/gbpgbp241021164833.gif
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Markets4you

22 Oct, 11:52

EUR/USD intraday: below its lower Bollinger band1.0859 is our pivot point.

Our preference: the downside prevails as long as 1.0859 is resistance.

Alternative scenario: above 1.0859, look for 1.0881 and 1.0895.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0852 and 1.0859). Finally, the EUR/USD is trading below its lower Bollinger band (standing at 1.0839).

Supports and resistances:
1.0895 **
1.0881 *
1.0859 **
1.0850
1.0838 last
1.0809
1.0795 **
1.0782 *
1.0768 **
https://charts.tradingcentral.com/charts/eureur241021164815.gif
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Markets4you

22 Oct, 09:52

GBP/USD Intraday: consolidation.Pivot: 1.3040

Our preference: short positions below 1.3040 with targets at 1.3000 & 1.2975 in extension.

Alternative scenario: above 1.3040 look for further upside with 1.3055 & 1.3070 as targets.

Comment: as long as 1.3040 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
1.3070
1.3055
1.3040
1.3024 Last
1.3000
1.2975
1.2950
https://charts.tradingcentral.com/charts/76_20241021131136.gif
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Markets4you

22 Oct, 08:35

Here are 3 key πŸ”‘ updates to consider before trading stocks today:

1️⃣Market Performance: Mixed Results Amid Rising Yields
U.S. markets showed mixed performance on Monday, with the Nasdaq Composite rising while the S&P 500 and Dow Jones Industrial Average declined, the latter breaking its three-day winning streak. The 10-year Treasury yield saw a significant jump of almost 12 basis points, potentially influencing market sentiment. In Europe, the Stoxx 600 index lost 0.66%, with broad-based declines across sectors, though oil and gas stocks managed to buck the trend with a 0.6% gain. These movements reflect ongoing market adjustments to changing economic conditions and interest rate expectations.

2️⃣Long-term Outlook: Goldman's Conservative Forecast
Goldman Sachs' equity strategy team, led by David Kostin, has issued a notably conservative forecast for the S&P 500, predicting just 3% annualized nominal returns over the next decade. This projection stands in stark contrast to the index's 13% average annual return over the past 10 years. The team attributes this muted outlook to high valuations and market concentration, suggesting a potential shift in long-term investment strategies and expectations for market returns.

3️⃣Corporate Leadership: Disney's Succession Planning
Disney announced plans to name a replacement for CEO Bob Iger in early 2026, marking a significant leadership transition for the media giant. This development follows Iger's return to the CEO position in November 2022 after initially stepping down in 2020. The announcement provides clarity on Disney's leadership succession timeline and could influence investor sentiment towards the company's long-term strategic direction. The outcome of this leadership transition could have significant implications for Disney's future performance and strategic initiatives in the rapidly evolving media landscape.
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Markets4you

22 Oct, 08:30

Pair of the Day - GBP/USD - October 22, 2024

GBP/USD fell below 1.30 as the US Dollar strengthened and markets brace for a busy week with key BoE appearances and global PMI updates. Investors are cautious after Fed officials hinted at a slower pace of rate cuts.

Technically, GBP/USD is moving slightly below the 20-period moving average on the 4-hour chart, with the stochastic indicator crossing higher around the oversold area, suggesting a potential upward movement.

Resistance: 1.3048; 1.3099
Support: 1.2963; 1.2907

Trade with Markets4you today 🌐
Follow our official accounts πŸ‘: Facebook πŸ”΅ | Instagram 🟣 | YouTube ▢️
π˜›π˜³π˜’π˜₯π˜ͺ𝘯𝘨 π˜ͺ𝘯𝘷𝘰𝘭𝘷𝘦𝘴 𝘴π˜ͺ𝘨𝘯π˜ͺ𝘧π˜ͺ𝘀𝘒𝘯𝘡 𝘳π˜ͺ𝘴𝘬 𝘡𝘰 𝘺𝘰𝘢𝘳 π˜ͺ𝘯𝘷𝘦𝘴𝘡𝘦π˜₯ 𝘀𝘒𝘱π˜ͺ𝘡𝘒𝘭.
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Markets4you

22 Oct, 08:29

Pair of the Day - GBP/JPY - October 22, 2024

GBP/JPY slipped further below 195.00 as the Yen strengthened, driven by Japan's renewed intervention warnings. Expectations for BoE rate cuts also weighed on the Pound. Uncertainty over BoJ policy could limit further losses, keeping the pair in a cautious range.

Technically, GBP/JPY is moving slightly above the 20-period moving average on the 4-hour chart, with the stochastic indicator moving flat around the overbought, suggesting a limited upward movement.

Resistance: 196.97; 198.24
Support: 195.24; 193.86

Trade with Markets4you today 🌐
Follow our official accounts πŸ‘: Facebook πŸ”΅ | Instagram 🟣 | YouTube ▢️
π˜›π˜³π˜’π˜₯π˜ͺ𝘯𝘨 π˜ͺ𝘯𝘷𝘰𝘭𝘷𝘦𝘴 𝘴π˜ͺ𝘨𝘯π˜ͺ𝘧π˜ͺ𝘀𝘒𝘯𝘡 𝘳π˜ͺ𝘴𝘬 𝘡𝘰 𝘺𝘰𝘢𝘳 π˜ͺ𝘯𝘷𝘦𝘴𝘡𝘦π˜₯ 𝘀𝘒𝘱π˜ͺ𝘡𝘒𝘭.
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