The Japanese yen is slightly lower on Wednesday. In the North American session, USD/JPY is trading at 149.25, up 0.16% on the day. What is the best performing G-10 currency against the US dollar this year? Surprisingly, the Japanese yen is the winner, with gains of about 5% against the greenback. This is a remarkable turnaround from 2024, when the yen plunged 11.4% against the US dollar and sank to its lowest level in 38 years. The yen's newfound strength is largely due to expectations that the Bank of Japan will continue to raise interest rates this year, unlike the other major central banks that have been lowering rates. The BoJ has been raising rates slowly but with inflation indicators moving upwards, even the cagey BOJ has signaled that it will continue to raise rates. Japan's CPI hit 3.2% in January, a 19-month high, and this week's January inflation numbers are also pointing upward. The producer price index jumped to 3.1%, up from 2.9% in December. BoJ Core CPI climbed to 2.2% in January, up from 1.9% in December and its third consecutive acceleration. Next up is Tokyo Core CPI on Friday. In the US, consumer confidence shocked with an unexpectedly weak report. The Conference Board consumer confidence index slipped to 98.3 in January, well below the revised December reading of 105.3 and shy of the market estimate of 102.5. The seven-point drop was the sharpest month-to-month decline since August 2021. The report found that more consumers are expecting a recession. Retail sales fell 0.9% m/m in December, the biggest decline in a year. If consumer data continues to deteriorate, the Federal Reserve will have to consider accelerating the pace of rate cuts. USD/JPY is testing resistance at 149.30. Above, there is resistance at 150.03 There is support at 148.30 and 147.57
NASDAQ:SMTC Key levels: $35 = Yearly and Biannually demand $50 = Broken upper channel wedge "Could be retested" $20 = A cluster og yearly and 6 month demand #SMTC is trading on a huge yearly and bianually demand where it accumlating more buys. The stock is trading below its 200 SMA and might stall upon retesting it. Closing below $29 will unlock a zone down to $20 per share. #smtc #stocks #stockmarket #ahmedmesbah
USDCHF Short Setup based on short time correction phase which is expected to reach to next strong support level before getting pumped again. expecting seller's momentum , accordingly SL and tp is choosen with tight risk management.
? SHORT BYBIT:FOXYUSDT.P from $0.002765 ? Stop Loss: $0.002928 ⏱ 1H Timeframe ⚡ Trade Plan: ✅ The BYBIT:FOXYUSDT.P chart shows a confirmed breakdown of a Bearish Pennant, signaling a continuation of the downward trend. ✅ The asset is trading below POC (Point of Control) at $0.003052, confirming seller dominance. ? TP Targets: ? TP 1: $0.002692 ? TP 2: $0.002618 ⚡ TP 3: $0.002545 ? Holding below $0.002765 would confirm the downtrend. ? POC at $0.003052 is a key selling area where major volume was previously accumulated. ? High volume on the breakout confirms bearish momentum. ? The first TP at $0.002692 is a level where partial profit-taking is recommended. ? BYBIT:FOXYUSDT.P remains in a bearish trend – monitoring for further confirmation and securing profits at TP levels!
I believe Markets have Bottomed - Here's WHY! NASDAQ:QQQ AMEX:SPY AMEX:IWM CBOE:MAGS TVC:VIX In this video, I will go over what I believe is going on in the markets and where we will go next from here. Doing all this while looking at all the probabilities and what they are telling us. Not financial advice
Trend Identification: Since early January, GBP/USD has been trading within an Ascending Channel indicating an Uptrend. Resistance Level: The pair has reached a significant horizontal resistance level around 1.2700, So GBPUSD can Drop to the Lower Support Trend Line of the Channel. Disclaimer: Trading involves risk, and this analysis is for educational purposes only. Traders should perform their own due diligence and risk assessment before executing any trades.
There is always two sides, a probability and a possibility, supplementing the idea we had mid-day that there might still be some sells on the table, this is how, should a sell pattern occur, we would trade it. Otherwise we would just look at the charts continue high, "Hopelessly"
UPST What a journey it has been with AI theme to tie up with traditional banking system. It has so many gaps that are still needed to be filled. Long way to go for repair. $58 downside target is a crucial one with 74 resistance
The M2 line remains flat, suggesting no new liquidity entering the market. Without additional liquidity, the demand for risk assets like Bitcoin tends to stay muted. This limits the chances of a strong bullish reversal unless there's a shift in macroeconomic conditions. Bitcoin is currently trading at $86,716, near the critical $86,000 support zone. If this level fails, the next major support lies around $85,000. The RSI at 27 still signals oversold conditions, but given the lack of liquidity expansion (as shown by the flat M2), a bounce may be limited unless external factors increase risk appetite. Momentum indicators show persistent bearish pressure, with no significant divergence suggesting a strong recovery. Prediction Scenarios for Tomorrow: Bearish Scenario (Most Likely - 70% Probability)The flat M2 suggests continued liquidity constraints, favoring bearish sentiment. If $86,000 support breaks, Bitcoin could test $85,000, with a possible wick lower depending on selling momentum. Strong selling pressure could push it toward $83,000 if no short-term bounce occurs. Neutral Scenario (20% Probability)Bitcoin holds $86,000 and trades sideways between $86,000–$88,909, reflecting a lack of directional conviction in the absence of M2 expansion. This range-bound action would signal that traders are waiting for macroeconomic catalysts or increased liquidity flows. Bullish Scenario (10% Probability)A surprise uptick in M2 would increase market liquidity, potentially triggering a short squeeze. In this case, Bitcoin could bounce toward the $88,909–$91,130 resistance zone. However, without sustained liquidity growth, any rally would likely face strong rejection at these levels. Conclusion: Given the flat M2, Bitcoin is expected to remain under bearish pressure, with the most probable outcome being a retest of the $86,000 support and a potential decline toward $85,000 if this level fails. A short-term bounce is possible, but unless the Global Money Supply M2 shows signs of growth, any upward movement will likely be capped by strong resistance. Traders should monitor M2 movements closely, as any expansion could swiftly shift sentiment from bearish to bullish.
? ? ? Asset: EGHT (8x8 Inc.) ? Timeframe: 30-Min Chart ? Setup Type: Bullish Breakout Trade ? Trade Plan (Long Position) ✅ Entry Zone: Above $2.70 (Breakout Confirmation) ✅ Stop-Loss (SL): Below $2.52 (Strong Support Level) ? Take Profit Targets ? TP1: $2.86 (First Resistance Level) ? TP2: $3.07 (Final Target – Extended Bullish Move) ? Risk-Reward Ratio Calculation ? Risk (SL Distance): $2.70 - $2.52 = $0.18 risk per share ? Reward to TP1: $2.86 - $2.70 = $0.16 (1:0.88 R/R) ? Reward to TP2: $3.07 - $2.70 = $0.37 (1:2.05 R/R) ? Technical Analysis & Strategy ? Descending Triangle Breakout: The price is testing a key resistance level after a downtrend, indicating a potential reversal. ? Breakout Confirmation: A strong bullish candle closing above $2.70 with increased volume confirms the move. ? Momentum Shift Expected: If the price holds above $2.70, a move toward $2.86 (TP1) and $3.07 (TP2) is likely. ? Key Support & Resistance Levels ? $2.52 – Strong Support / Stop-Loss Level ? $2.70 – Entry / Breakout Level ? $2.86 – First Resistance / TP1 ? $3.07 – Final Target / TP2 ? Trade Execution & Risk Management ? Volume Confirmation: Ensure strong buying volume above $2.70 before entering. ? Trailing Stop Strategy: Move SL to entry ($2.70) after TP1 ($2.86) is hit. ? Partial Profit Booking Strategy: ✔ Take 50% profits at $2.86, let the rest run to $3.07. ✔ Adjust Stop-Loss to Break-even ($2.70) after TP1 is reached. ⚠️ Fake Breakout Risk ❌ If price fails to hold above $2.70 and falls back below $2.60, exit early. ❌ Wait for a strong bullish candle close above $2.70 for confirmation before entering aggressively. ? Final Thoughts ✔ Bullish Setup – Breaking above $2.70 could lead to higher targets. ✔ Momentum Shift Possible – Watch for volume confirmation. ✔ Favorable Risk-Reward Ratio – 1:0.88 to TP1, 1:2.05 to TP2. ? Stick to the plan, manage risk, and trade smart! ?? ? #StockTrading #EGHT #BreakoutTrade #TechnicalAnalysis #MomentumStocks #ProfittoPath #TradingView #StockMarket #SwingTrading #RiskManagement #ChartAnalysis ??