Technical My Tips

Please beware of scammers! We will never ask for your payment details, especially on social media. If anyone claiming to be from ExpertOption contacts you on FB or IG, block them right away! Stay safe and secure. Join ExpertOption: https://bit.ly/attexpertoption

📊Join the VIP channel. Make profit together.📊

➡️You Can Join Quotex From Link Below 💥 ➡️Start With Free Demo Account & Get 700'000 Demo Balance ✅ ➡️Quotex Link: https://tlt.ink/quotex Use Promo Code ➡️ 50TMT , 50TLT

Start investing easily with our user-friendly platform—perfect for newcomers to finance. Sign Up Now ➡️ https://tlt.ink/octa

Open Account In Exness For Forex Trading & P2P Transaction👇 Link: https://tlt.ink/exness

👨‍💻👩‍💻 Register here: https://tlt.ink/Iqoption #IQOption #tradingmeme #tradingfun #cfds #cfdtrading #meme *** 📌 We offer CFDs. 🚩 Risk Warning: CFDs are complex instruments and entail a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

EURUSD, 15-minute timeframe chart EURUSD retested the resistance level of 1.08680 👉Level explanation EURUSD has been trading in a bullish trend for the last couple of hours. The pair moved up to the resistance level of 1.08680. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.08655. Set your stop loss at 1.08790 above the previous high ($1.35 loss for 0.01 lot) and take profit at 1.08520 ($1.35 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 📝Fundamental factors The U.S. Jobless Claims report will be released in a few minutes and could affect this trade. ➡️Sign Up Now ➡️ https://bit.ly/attocta

If any query DM ➡️ 📱@tmt_shalu

🌍 Nigerian Naira: Key Insights You Need to Know! Let’s talk about what’s shaping the naira in 2024. Here’s the latest scoop on Nigeria’s currency and the big economic factors driving its moves. 📉 Foreign Reserves Under Pressure  Nigeria’s foreign reserves recently dropped to $33 billion. With oil as Nigeria's main foreign earner, any global oil price change can impact the naira's stability directly. Watch this space closely! 🔄 Unified Exchange Rate Policy The Central Bank of Nigeria (CBN) is working to bring the official and parallel rates closer together, hoping to attract foreign investment and bring stability to the naira. This policy is gradual, but it's a game-changer! 🔥 Inflation Impact Nigeria's inflation is one of the highest in Africa, sitting above 20%. High food and energy prices are making inflation a challenge, and the pressure on the naira isn't going away anytime soon. 💸 eNaira: Digital Currency Push The launch of the eNaira marks a big move for Nigeria as the first African country with a central bank digital currency. The goal? Reduce cash use and improve financial access. Stay tuned—this could change the currency game! 💰 External Debt Watch  With over $40 billion in external debt, Nigeria needs more foreign currency for debt repayments. Managing this debt is crucial to keep the naira steady. 🌐 Global Interest Rates in Play All eyes are on the U.S. Federal Reserve. Higher U.S. interest rates typically strengthen the dollar, putting extra pressure on the naira. We're watching how this affects Nigeria's imports and overall economy! Where do you see the naira by the end of the year? #OctaGlobalInsights #Nigeria #Naira #ForexNews #EconomicTrends #NGNUSD

🚀 Gold hits record highs on expectations of rate cuts from major banks Gold (XAU) reached record highs following expectations of rate cuts from the major banks. 👉 Possible effects for traders Gold climbed towards approximately $2,685 per ounce on Thursday as a dovish outlook from major central banks and slightly lower bond yields boosted demand for non-yielding bullion. The Federal Reserve (Fed) is expected to deliver rate cuts in its two remaining decisions this year, with a 25-basis-point (bps) reduction in November becoming increasingly probable. Meanwhile, the European Central Bank (ECB) is anticipated to cut rates at today's meeting, and declining inflation in the U.K. signals a potential rate cut next month. Additionally, several major Asian central banks have recently lowered their rates. Meanwhile, the U.S. dollar (USD) remains strong, hovering near its highest level since early August, as markets increasingly anticipate the Fed implementing only modest interest rate cuts this year. This, coupled with positive risk sentiment, discourages traders from making new bullish bets on safe-haven gold, limiting further gains. Traders now focus on the upcoming U.S. macroeconomic data to get more information about short-term trading opportunities. XAUUSD rose during the Asian trading session. Today, traders should brace for heightened volatility as many key economic events come out. First, the ECB interest rate decision is due at 12:15 p.m. UTC and the ECB press conference at 12:45 p.m. UTC. These events could spark additional movement in XAUUSD, especially if there are hints of further monetary easing. Following that, U.S. Retail Sales and Jobless Claims reports will be released at 12:30 p.m. UTC, potentially affecting all USD pairs, including XAUUSD. Strong retail sales data could boost the greenback and push XAUUSD lower, while weaker-than-expected figures might support a bullish trend in gold. ➡️Sign Up Now ➡️ https://bit.ly/attocta

🔽 Economic worries and rate cut prospects weigh on the euro The euro (EUR) lost 0.27% against the U.S. dollar (USD) on Wednesday as the greenback continued to rise in a very strong bullish trend. 👉 Possible effects for traders The market has essentially ruled out a substantial interest rate cut from the Federal Reserve (Fed) at its next policy meeting and started to price in a potential election victory by former President Donald Trump. Amo Sahota, executive director at FX consulting firm Klarity FX, pointed out that several major central banks are expected to undertake bigger rate cuts than the Fed because their economies are slowing much quicker than the U.S. one. These expectations have provided support for the U.S. dollar. Meanwhile, the European Central Bank's (ECB) latest report on the financial statement of the Eurosystem revealed that the regulator's balance sheet increased by 3 billion euros. This is a bearish signal for the euro and indicates that the ECB is worried about the eurozone economy. In fact, ECB President Christine Lagarde said yesterday that the central bank is beginning to observe signs of deterioration in the labour market. Other officials have also sounded dovish lately and spoken about the need to reduce rates further. EURUSD was falling during the Asian and early European trading sessions. Today, key events are the ECB's rate decision at 12:15 p.m. UTC and the following press conference at 12:45 p.m. UTC. Both events are expected to impact the market significantly and may provoke sharp moves in EUR pairs. Markets expect the ECB to cut its deposit and refinancing rates by 25 basis points (bps) each. However, the decision itself typically doesn't cause significant market fluctuations. The additional information revealed in the Monetary Policy Statement and the subsequent press conference often drives substantial market movements. EURUSD is in a downtrend, so traders may look for selling opportunities. Key levels to watch are support at 1.08450 and the resistance at 1.08740. ➡️Sign Up Now ➡️ https://bit.ly/attocta

🔽 USDCAD declines after long growth On Wednesday, USDCAD declined and lost 0.17% as investors as the market had already priced in the potential monetary policy easing from the Bank of Canada (BOC). Also, traders evaluated the potential economic implications of the upcoming U.S. presidential election. 👉 Possible effects for traders Following the release of weaker-than-expected domestic inflation data on Tuesday, the likelihood of a 50-basis-point (bps) rate reduction by the BOC increased to approximately 80%, up from 50%. This would be the first outsized rate cut exceeding 25 bps since the central bank initiated its easing measures in June. Erik Nelson, a macro strategist with Wells Fargo Securities in London, stated: ‘I believe we have likely witnessed the majority of the decline in the Canadian dollar (CAD). A 50-bps reduction is already fully reflected in the market's pricing for next week’. Also, the results of the U.S. presidential election may affect USDCAD. Trump's plan to implement tax cuts, loosen financial regulations, and increase tariffs is seen as positive for the U.S. dollar. However, while Trump's plan to increase tariffs may cause disruptions in global trade, the U.S., Mexico, and Canada Agreement (USMCA)—the free trade agreement between the three nations—and the relaxation of U.S. fiscal policy could protect Canada's economy. Nelson stated that he doesn't foresee USMCA being terminated. USDCAD has been rising during Asian and early European trading hours. Today, U.S. Retail Sales and Jobless Claims reports due at 12:30 UTC will add volatility to the pair. Stronger-than-expected sales data and lower jobless claims figures will likely support the greenback, pushing USDCAD higher. ➡️Sign Up Now ➡️ https://bit.ly/attocta

😎 FREE FREE FREE FREE FREE ♾          ONLY FOR 100 MEMBERS                         OFFER              👇👇👇👇👇👇👇 ✔️JOIN BINOMO VIP GROUP✔️          NO SIGN UP 😀 NO DEPOSIT              DIRECT JOINING 👇👇👇👇👇👇👇👇👇👇👇   https://t.me/TLTBinomoSignals

Don’t miss out on the latest trading trends! Stay ahead of the curve, follow their lead, and capitalize on potential opportunities. Start Trading: https://bit.ly/attexpertoption

XAUUSD, 30-minute timeframe chart XAUUSD retested the resistance level of 2,685.00 👉General outlook XAUUSD has been trading in a bullish trend for the last couple of hours. The pair moved up to the resistance level of 2,685.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 2,681.50. Set your stop loss at 2,690.50 above the previous high ($9.00 loss for 0.01 lot) and take profit at 2,672.50 ($9.00 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. ➡️Sign Up Now ➡️ https://bit.ly/attocta

#economic_calendar These events may affect the market on 17 October.

🚀 Gold gains 0.52% on a weakening U.S. dollar Gold (XAU) rose by 0.52% on Tuesday as the U.S. dollar (USD) and Treasury yields declined slightly following weaker-than-expected U.S. manufacturing data. 👉 Possible effects for traders U.S. Treasury bond yields declined for a second consecutive day on Tuesday as traders responded to weaker-than-expected manufacturing data and reduced inflation risks, driven by a drop in oil prices. This bolstered the demand for non-yielding gold. The New York Federal Reserve's (Fed) Empire State Manufacturing Index dropped sharply from its 29-month high in September towards −11.9 in October, marking the lowest level since May and signalling worsening economic conditions. On Tuesday, San Francisco Fed President Mary Daly stated that the central bank has made considerable progress in controlling inflation and anticipates one or two more rate cuts this year, provided economic forecasts align. Meanwhile, Atlanta Fed President Raphael Bostic remarked that he doesn't see clear indicators of an impending recession, noting the continued strong performance of the U.S. economy and that inflation is moving back towards the 2% target. Markets are currently pricing in a nearly 93% probability of a 25-basis-point rate cut in the federal funds rate in November. XAUUSD continued to rise during the Asian trading hours. Today's trading session will likely be relatively quiet as the economic calendar features no major news releases. 'Spot gold is poised to revisit its 26 September high of $2,685 per ounce, as it has broken resistance at $2,666', said Reuters analyst Wang Tao. ➡️Sign Up Now ➡️ https://bit.ly/attocta