US CPI Inflation Report: March 11 — Live Market Reaction & Trading Analysis

[00:00:00] Speaker 1: hello hello hello everyone welcome welcome welcome so it's a very very big day we have inflation um a lot of volatility is expected because um basically there are a lot a lot of possibilities foreseen a higher than expected inflation especially with the war and never the oil price it went higher the jobs were weak so inflation today is crucial for fed's outlook okay u.s a u.s inflation is expected the best case scenario is to remain steady however there are a lot of a lot of doubts a lot of let's say concerns that they will eventually um move higher due to the geopolitical uncertainty due to the oil prices so it's a big big day the data will be out in 20 minutes from now so we have plenty of time as i um i would like just to let you know as usual that this is a session that you can ask anything you want okay so i'm here for you you can ask me to cover any asset you want in any time any time frame you uh you wish so i'm gonna go through um uh through the asset that you want me to so welcome okay i can see that people start joining there was a bit of a delay so as i was saying it's a big big day it's inflation day and it's not like a standard inflation day um there is a lot of uncertainty as you already know due to the war due to the situation in middle east with the oil the price moving higher and higher this is correlated with inflation because the higher the price of oil the higher the price of energies the more likely let's say inflation to move higher so this could change dramatically the fed outlook that's why today's uh data are very very important not only today is that to be honest also the the pce which is on friday so we're gonna have another live on friday so very very very um important news today a lot of volatility is expected as i mentioned initially uh sorry um all the attention right now is on the inflation we have 17 minutes from now okay so we have seen some choppy trading so let me share my screen as well i can see that you're commenting guys don't worry i'm on it and i'm gonna go through your questions that is some choppy let's say sideways um performance in indices let me see gold a small small candles like a bit of a decline for gold but really small candles so there is a lot of anticipation um if i'm not mistaken however euro euro dollar and pound dollar were very very volatile the last hour i even my expert advisor actually automatically open a position as a position for pound hopefully it will not be against me eventually nonetheless yes as i was as i was saying um a lot of volatility has been seen like an hour prior to the data on the major u.s pair so euro dollar uh pound dollar let me see yes so there is a resumption a continuation of the downtrend can you see this dip a bit of a correction so as soon as it breaks 115.89 it could extend even lower and actually it could be like a free fall to 115 level okay 115 so um okay so yeah it is due to the to the inflation so let me break it down a bit shall we start with euro dollar guys as i was saying you can ask me anything you want please put in the comments um in the comment box i mean below the live which asset you want me to analyze which time frame as well okay i can see buy sell buy sell buy sell um buy sell get gold you want me to cover gold first uh okay okay even though i wanted to analyze a bit euro dollar actually let me do your dollar first because it was really volatile while uh gold is a bit like small body candles a bit more like undecisive okay uh so let me do euro dollar first euro dollar this is euro dollar okay um this is euro dollar in uh now we'll put the kiss because we're gonna have be okay here we are i'm put it just rowing um this is euro dollar 30 minutes chart so basically um today we have seen a lot of pressure so a lot of pressure move downwards it was yesterday as well but in general um since yesterday we have seen a decline so dollar is getting stronger okay why basically guys right now the predictions or the forecast let's say suggest that the risk of a price pressure in the u.s economy has increased again okay what that's supposed to mean if inflation moves higher this is a bullish let's say factor for um sorry if inflation moves higher this could be uh let's say a bullish bearish factor for dollar but if it moves lower or if at least it stays steady that will be bullish for dollar why basically um um everything depends on the oil prices right oil prices affect inflation oil prices have moved higher so based on this we are expecting inflation to move higher as well okay however we are not sure yet why because in the last reading the inflation was exceptionally lower of what was expected okay so that's why uh that's why uh um the fed outlook um indicated that no action needs to be taken uh regarding the rates i mean we could keep them unchanged but if today's data change this scenario let's say that could um um amend the fed outlook and it could affect dollar obviously because higher than expected inflation is it means possibility of rate cuts from the fed uh so that could be uh um uh that could add pressure on the dollar now so the the thing today and why there is such a uh uh fuss about inflation is the fact that it's extremely um uncertain the outcome is extremely uncertain so even if in the last uh reading we had an exceptionally low inflation inflation which is good which is what the fed wanted and uh and so on and so forth however today's reading is very very unpredictable okay and so uh is the commodity prices that could affect the inflation um um is the um um also uh on the flip side uh we have also um um um let's say uh weak jobs considering the nfp so this brings fed in a very very difficult situation in a very hard choice nonetheless for uh euro dollar right now very important support at 115.89 a break of this level could open the doors basically to uh monday's bottom even as low as 115.20 territory okay so even the i mean you can see macd slowly turn negative is not aggressively bearish but it's it turned down parabolics are down so this is bearish signal as well all my moving average are are down so yeah there is there is says a lot of bearish signals over over here the same stance for the daily time frame so even in the daily time frame we can see a huge dip since the beginning of february from one six one 20 70 we're in a constant decline and currently we are below 160 which is a key psychological level so this means that euro dollar ignores completely the rising swap market valuation for interest rate hikes in eurozone and is solely focused on a higher than expected inflation in the u.s and this is what it keeps euro dollar under pressure so the higher higher than expected inflation in u.s today in nine minutes hear me out a higher than expected inflation today in nine minutes could dash hopes of a rebound okay and could push euro dollar dollar down on the other hand and a steady picture steady reading or a slightly lower reading uh this could could could could could favor let's say um maybe further consolidation between one uh 1580 and one 1680 the higher than expected um but yeah this is this is what is expected now i'm gonna quickly jump uh to gold because a lot of you ask about gold okay even though it's a bit unchanged i'm gonna start from the daily chart okay uh let me change the caption the ticker so you can see what i'm covering this is gold and i will move back to the the um sorry this is such a messy messy messy messy um actually this is my 30 minutes chart i'm gonna jump to this one okay that's the daily one so what a beauty this is gold in a daily chart overall outlook remains unchanged we're seeing something like a triangle something like a triangle so a nice support so far bullish outlook remains okay it it it it's weaker than what it used to be the the momentum is weaker than what it used to be uh back in january but it's still above 5000 territory uh bullish signals above above the um nearby support the trend line that i have put out by connecting the fractals so still a positive outlook overall for gold now because i think i know that you're asking let's put the 30 minutes chart actually i'm gonna jump to okay here i have hiking ashes okay okay so nothing uh it doesn't help me a lot uh 30 minutes chart i can see the momentum changing to negative but not really strong very small body candles a lot of consolidation so i will keep it as it is and i'm gonna jump to japanese candlesticks so i have put on the side my heiken ashi and i'm using japanese candlesticks right now 30 minutes chart just to see whether i have any signal from japanese candlesticks and my moving averages so nothing at all um this is the 30 minutes chart let me put the 15 minutes chart this is the 15 minutes chart there is a bullish crossover of five and nine exponential moving average but not strong one and a bit a bit misleading one because you can see parabolics are bearish but we have a bullish cross so guys in this case the only thing that i can do to be honest is place some trigger points uh so if on the release we have a break either on the upside or to the downside that will clarify whether the next move the next move for gold so currently consolidating stuck between 5175 and 5198 so get prepared with these two levels as you are immediate support and resistance levels uh dear i don't speak french speak french but soonish we're gonna have live streamings in french okay it is yeah it is under pressure euro dollar is under pressure dear louvano as as i mentioned earlier it's under pressure uh and overall momentum is the overall uh the overall outlook is as well so yeah it's under pressure so um five minutes to go until the date uh gold buy or sell time frame i cannot advise obviously whether you can buy yourself but what i can show you for gold is this immediate resistance 5197 immediate support 5175 theoretically speaking if today we have a higher than expected um higher than expected um higher than expected inflation figure this should uh benefit uh sorry benefit uh gold sorry benefit uh gold sorry benefit dollar so that means could pressure gold theoretically speaking but if we get a steady inflation or lower than expected that could support gold further okay so um let me see any questions gold gold gold gold gold gold gold allaheimbo uh gold gold gold gold inflation by yourself uh pound yen i'm gonna put a note over here for seeing pound yen as well um buy take profit in 50 250 so you have placed oh you have placed it quite so so you are not a scalper i guess you are a bit of a day trader so somewhere here dear i don't know uh here um okay um not really convinced to be honest i'm not really convinced about 50 50 50 to 50. um um parabolic saris bearish moving average is nearly zero sorry momentum is nearly zero um very contradictory so uh guys i don't understand what you some of your uh are tight i i have commented i mean it's i'm not speaking the language obviously um so i'm gonna get back to gold in a 15 minutes chart because i want us to see the reaction okay how market will react we have already covered this uh in order to get signals there you need to um get subscribed to our auto chart this um service uh uh sell sell sell sell sell sell sell uh info entry to do and to do to do gold what's the impact on gold as i already mentioned higher than expected uh inflation could add pressure on pa on gold could add pressure on euro dollar or pound dollar uh and could uh also uh push dollar yen higher that's the theory based on the theory what is expected to be done if we see a higher than expected inflation however any stairs a steady line reading or lower should have the exact opposite reaction so one minute to go so i'm sharing my calendar because i want us to see very released together let's see guys very very quickly come on we'll be soon out i have seen your note about doubt dear raja i have put a note and i'm gonna cover it in in a bit oh my god how such a i'm really flattered guys that you have joined um so um okay yes we are based in cyprus we are good we are safe for the time being at least so thank you very much for your concern um there were a lot of uh let's say uh anxiety regarding that tact but we are safe thank you very much for your concern i'm gonna cover bitcoin and ripple in a bit so uh the data are out okay uh in line in line in line in line okay okay okay that's good that's good that's good so basically everything is in line with expectations uh both monthly reading so this should be actually a bullish for gold and a euro dollar but will be let's see yeah theoretically speaking this should support euro dollar and um and gold because everything's in line the monthly reading the headline the headline i mean with or without the energy the core uh uh yeah everything is in line okay okay okay okay okay okay that's good that's good i mean i mean the fed will be really happy uh seeing a steady inflation especially after we have seen uh february job loss uh and in the stagflation fears as well so theoretically speaking this should this should support guys uh gold and euro dollar so it should add some pressure on the pressure on the on the dollar to be honest um why because basically this indicates that the fed um can keep rates and change for march okay so um yeah this is the the thing this is the thing um let me see something yeah inflation is steady even though it's uh even though it has not met the the goals that they have for uh the past five years but at least it's steady even though we have a rising commodity cost we have the the war and this put the fed in a stagflation vice uh but that's actually something positive that's something positive for the fed at least um so for sure the reading today suggests that the fed can stay keep rates on hold okay so this strengthens the possibilities of having no absolutely no change in march however have in mind but the new fed chairman has been appointed and mr trump is pushing for ray cats so let's see in the near future but for the time being yes um no change is expected based on the data um i can't see that gold is like struggling to find the direction is still steady within this consolidation uh area so let's jump to euro dollar to see any reaction nothing nothing the market guys is still evaluating what what the date what the data mean because it's a steady uh it's really steady basically it's unchanged and it's absolutely steady neither lower neither slightly higher steady um so uh that's why it's a bit difficult to digest it and understand it and uh yeah but so some colored solitation could continue based on this reading uh as i said earlier for you dollar neutral reading will favor further consolidation uh at least until the u.s opens uh i'm not saying that euro dollar will not move lower but not because of the data okay it could move lower yes if it breaks the one 1589 yes it could but not because of the inflation but because of any further development um and any news related uh announcement any news related let's say a statement for the war and the and and the situation in middle east so the data such they weren't bearish for euro dollar so we could see some consolidation in the in the next few um minutes or hours at least until u.s market opens i can see that my cable let me see let me jump into cable i know that you have asked me for a lot of questions i'm on it i haven't missed your questions uh let me jump a bit to my um my uh pound because i can see a lot of uh a lot of basically action here um that was uh my expert advisor triggered an entry point due to the bearish this bearish this bearish um sorry uh crossover and indeed uh cable continues on the uh it's it's under pressure uh let me see something [00:25:34] Speaker 2: yeah okay it's under pressure okay [00:25:40] Speaker 1: okay that's interesting that's interesting it has been in a range in a sideways movement since monday so okay i'm gonna get rid of this so can you see that look it looks like a head and shoulders but obviously has not been confirmed yet but something to have in mind this is cable in the one hour chart it looks like a head and shoulder that's a very interesting support level round number here as well the 13408 a break of it could open the doors to 133 20 133 so on and so forth um i will jump back to my 15 minutes chart so under pressure bearish momentum moving average bearishly cross they point further on the downside rsi points further on the down start side stochastic as well so in the very very very short time frame cable is under pressure with the next immediate support at the round 134 territory and if that breaks as well we can turn our attention down to 133 60. okay uh so okay very interesting now i'm getting back to your questions i haven't forget gold updates yes i'm on it let's jump back to the gold everyone is so so so focus on gold that's the constant question that i keep having uh cut cut sorry i'm putting note on your questions so i i will not missed any inflation analyze gold okay let's jump into gold guys um it is what it is to be honest okay i mean i'm not gonna cover daily i think it's crystal clear in a triangle supported supported uh supported about 51 uh uh hundreds territory momentum it remains bullish a bit like weaker than what it used to but still bullish so daily it's a daily so i'm gonna jump back to the 30 minutes chart a lot of indecision i cannot really i mean there is nothing interesting right now for me over here small body candles in undecisive candle look at this one look at this one i mean this is indecision so there is a lack of direction for the time being at least i'm gonna jump even lower to the 15 minutes charts still the same it's stuck it has stuck so the best thing that you have to do is either rely on your expert advisors as you if you have one or place or just based on the limited support and resistance level uh to be a bit patient wait a bit to see whether it will trigger and break and confirm a breakout below or above these two levels so i'm afraid i i cannot see anything interesting in gold right now that's my humble opinion okay we have uh uh we have another six minutes until this candle close so i'm gonna come back to it in a bit okay so this is gold we are still in gold but in a 15 minutes chart why hfm cannot entry mom i don't get it there what do you mean cannot entry you have an account you cannot open an entry maybe you're doing something wrong maybe you have placed not an appropriate position size uh stop loss level target level based on the balance on your balance and your margin i don't really get it can you can you chat can you text our live chat uh i don't i don't get can't enter inflation why not i did i did i have a pound dollar entry on uh okay can you can you do you have can you can you check with your account manager or can you check in the live chat in the live chat in the live chat please where they said an issue with your account i doubt it but um yeah they're okay obviously what you should do or what you shouldn't do is based on your strategy okay it's based on your strategy i mean are you a scalper are you in a trading a 15 minutes chart are you a swing trader are you a day trader are you a trend trader i mean that depends on you but at least from technical analysis perspective in the short time frame currently the gold is into consolidation so everything we get we're going to have a clear view let's say clear picture for uh gold in the short term if and only if we see it closing above or below these two levels but we need a confirmed closure comp the candle should close below or above so we need to close outside this range in order to consider um well in order to uh to uh to understand whether there is bulls are in control or whether bears are in control okay this is gold in a 15 15 15 15 time frame so i'm gonna jump to the questions guys because a lot a lot a lot of people ask about nasdaq about down about about yeah it's it's it's it's it's not only on gold uh dr mr fly by basically inflation was steady so this is that's why we we had rightly con correctly predicted that in in a scenario in the scenario in the scenario of a neutral reading um the the markets could consolidate for a while and more precisely euro dollar um and gold and this is what indeed happened with exception the pound dollar uh a higher than expected inflation however could had a hat a bearish uh effect on gold and euro dollar and so on and so forth okay now okay i need to cover right now your questions so let me start with the with the very first one um i'm gonna pronounce it you are asking about pound yen i'm on it i'm on it i'm on it i'm on it where's my pound yen pound yen pound yen pound yen first come first serve guys i'm taking the comments based on a priority level pound yen where's my pound yen none of you ask about oil and i understand the reason but nonetheless um so [00:34:35] Speaker 2: okay okay pound yen [00:34:45] Speaker 1: okay let me find it sorry i'm a bit slow okay here we are here we go over here pound yen seller buyer cannot advise but look over here this is a 30 minutes chart okay this is a 30 minutes chart uh where is my okay oh yeah okay this is very interesting look at this doesn't it look like a double top like a m m m double top this is um this is um a bearish pattern obviously has not been completed yet it could be completed as soon as we see a breakout of this neckline which coincides with the first resistance of the day but this looks like a the the like a the creation of an m m m m m m m m formation uh so keep an eye on it they are ufo so struggling as you can see repeatedly struggling to extend above the second resistance of the day currently under pressure and we might see soon and we have actually already seen bearish cross of the fast moving average so the first moving average so the next support is at 21 2 40 200 12 and 40. a break of this level could open the doors to the round 2 12 territory okay so bearish intraday it's key to see whether it will manage to break the immediate support over here if yes then it could return back to the people point of the day at 2 12 which is or also a round number if i go up higher into the daily chart this is the daily chart uh over here the overall trend and the overall outlook is positive is positive is bullish so you can see that it's trending higher it has broken the latest high so the next resistance in a higher time frame in a day time frame in the medium outlook let's say is the two uh 15 it should be one two 14 214 or yeah 214 level that's the ceiling in the daily time frame intraday however is under pressure now okay pound yen is done let's move on to the 15 15 minutes so raja you are asking about 15 minutes and minutes in a down jones down jones down jones down down jones where's down jones okay i'm sorry okay down jones that's one minute chart by the way but you want 15 okay 15. nice nice nice nice nice nice so it's um i'm using hiking ash in this one parabolic star is negative moving average are pointing further on the downside we have a clear bearish cross we have negative momentum we have strong decisive bearish bearish candles without any tail at the top you see there is no tail at the top so my dear friend this is crystal clear to me okay crystal clear as long as i'm not seeing any undecisive small body candle like this one or any bullish candle but instead i'm seeing a coordinated bearish bearish picture the asset in the 15 minutes chart is bearish big negative candles without any tail at the top saying that sellers are in control parabolics are confirms it as well because it's above the price so so it's negative momentum is negative stochastic is flirting with the 20 level so everything point to um further decline so i'm gonna jump to the 30 minutes chart just to find the next immediate support levels okay so i'm gonna use my previous swing highs and sweet swing lows okay and what i'm gonna do is also i'm gonna add i'm gonna add this is i'm back to the 15 minutes chart i'm using the fibonacci extension this way just to have a ceiling just in case for the near future but also i want to use this one to see whether it it it helps me with the next immediate resistance levels yes it does okay so we have over here right now two immediate resistance support levels sorry support levels so the one is the ceiling the previous so there's the so the floor the previous swing low so 47 457 territory and the very next one is 324 or instead you can use your atr or your risk and reward ratio and decide um the potential uh support levels but based on the technical analysis you can either use the previous swing lows you can use fibonacci extensions you can use it's up to you basically okay but from my analysis these are the next support levels okay hopefully this was clear and helpful now zibu she saw um bitcoin and ripple bitcoin and ripple yes sir here we go now uh did you mention uh time frame no okay i'm gonna start then with bitcoin and this is what's wrong with bitcoin sorry let me get rid of actually i'm gonna keep the people points because they're accurate okay so okay this is the daily chart just to show you that we remain in a downtrend in the long term okay crystal clear i think i mean if i put the weekly if the weekly will be more helpful because it can clearly show this is a weekly the only reason that i put quickly on is to show you that the ceiling that we used to have in 2024 right now it has been converted into a consolidation area and it found some support okay but it goes without saying that if it managed to move to break it we're gonna have further dip okay with the next medium term support and long term support down to 50k 35k and so on and so forth but this is in the medium and long term okay right now let's focus on the intraday um setup so here is the four hour chart okay so uh we had a bit of a very versatile the last two days in a row uh today it is holding below the pivot point but it's a bit neutral neutral rsi is flat so just neutral uh it's neutral okay for the day is neutral it's sideways so i'm gonna jump to 15 and 30 minutes chart to see whether there is anything interesting there is nothing very the volume over here and the volume is really low i don't know but maybe people um get bored a bit of bitcoin the the last this week or something they're not really interested in bitcoin uh so okay it is below people point but they are um they are um it's not interesting at all i mean everything is neutral small body candles consolidation uh rsi flat at 42 but flat so there is not more a lot of momentum there is not a lot of volatility so i cannot tell much over here to be honest it doesn't trigger my attention to be honest okay let me see let me see ripple maybe things so uh quite different over there on that one ripple ripple ripple ripple ripple okay let's see oh that's wrong that's wrong okay similar okay similar okay similar uh we had a kind of a bullish crossover but it's really narrow can you see it guys it's really narrow so it is not helpful so i cannot really claim that it will move up because it's really narrow so lack of volume over here lack of volatility no i'm sorry there i cannot see anything i don't know your strategy i don't know but um not something that is triggering my attention to be honest yeah okay dollar yen uh ricky asked two eyes thank you for your patience ricky hopefully you are still here with us so let's try let's check together og yen it's a yen correct um a yen currency pair so it could get really volatile okay nice nice and clear bullish outlook uh nice and clear bullish outlook for a pound sorry for lz yen so so daily chart three for three days in a row has been to on the upside um 113 30 so overall outlook is bullish perfect so i'm gonna jump into the one hour chart steady steady this is okay steady but overall bullish so think about the trend follow the trend trend is our friend okay so there is consolidation indeed intraday sideways holding above first resistance but overall outlook overall trend is bullish remains bullish three days head in a row to the upside um so uh yeah momentum let's see rsi keeps pointing higher yeah so let me see let me put high kenashi as well just to see whether i'm missing anything no nice strong bullish candle momentum is really really strong as well let me put in the one hour chart you see one hour chart some consolidation indeed but momentum is strong so what can i say friend um a trend is our friend right so in this case there keep an eye 113 round 113 level 113 10 it's an immediate immediate support level okay immediate just okay depends on your strategy depends on which time frame you're trading um so if you're like in a 15 minute chart obviously you can find um that's a different story i mean in a 15 minutes chart uh you can trade the pullback if you wish and this floor could be your potential support level but that depends that's on you that's on you uh yeah 113.20 113.10 support levels and ceiling at 113.60 level now let me move on dollar cat [00:49:30] Speaker 2: dollar cat dollar cat dollar cat dollar cat dollar cat [00:49:39] Speaker 1: here we go okay that's nice this is a one hour chart nice well supported um parabolics are called bullish really big really really big candle even though it's not closed yet actually it just it's about to close right now or or has it closed and we have the new one well this is a new one okay sorry sorry sorry my bad so let me see something boom boom yeah that's nice a lot of bullish buyers over here um that's interesting thank you for bringing that up and do gashafiki let me see uh so the next resistance for dollar cat 116 136 136 nice round number that's the emitted ceiling let me do let me be do a bit let me do um let me proceed with a bit of a technical analysis sorry i want to get rid of where is it uh this one this is it ah finally okay let me see something down down down a b c d one two three four okay that's interesting okay let's start with the daily chart daily chart overall it was it's under pressure in the near future my dear friend just in case that you are interested in dollar cat keep an eye on 135 level because this looks like an elliot wave but an inverse one and a bearish one so one sorry sorry okay one two three four so question mark is whether this is the beginning of a fifth wave or not so keep an eye so keep an eye oh my god my pound is doing great okay sorry guys sorry so as i was saying so this looks like an elliot wave a bearish one but we need to see in the in the medium term in the near future whether the asset will manage to break below 135 so that's just for you to be aware of what's going on in the daily chart okay that's daily so daily it's bearish here will be the break of 135 level in this case if this happens then we need to find the next red support which lies down to 134 even 132 territory and so on and so forth so now let's jump into the one hour chart to see what's going on intraday intraday however we have bullish uh performance okay so ignore this line let me get rid a bit of it because it will confuse this okay so intraday now um is bullish so let me go 30 minutes chart instead yes so bullish crossover big high canashi candles uh without any tail at the bottom uh bullish uh momentum too much actually mcd has turned positive let me add stochastics as well in rsi actually stochastics only to be honest because i'm in a 30 minutes chart so i don't really yes so bullish cross in stochastic as well so it keeps pointing further on the upside so there is further room on the upside next resistance the round 136 level territory my dear friend my dear friends so uh pound pound it's just is i analyzed it earlier this is pound cable let's see let's see so momentum is still negative stochastic is still still negative it's trying to bullishly cross but as long as i don't see confirm rebound above 20 um for me is still bearish it's still negative i have tight okay no that's not enough that's not enough okay i'm gonna close my position i don't want to get greedy sorry for that so yeah okay so basically it's under pressure is this is clear it has broken the a very key level and i mentioned it earlier for anyone that it was here actually the 134 level broke that's a bearish signal but because it broke around number we might see some consolidation now some like correction before another attempt on the downside okay so we might see some consolidation this is what this candle is all about because other than that i mean everything it's it's negative uh broken 134 so the head and shoulder formation is ready to we are nearly there to confirm it do you remember that initially in this in this live streaming i mentioned that this looks like a head and shoulder formation hopefully the people that were here they heard me so indeed it has broken the neckline uh rsi below 50 stochastic points down two consecutive uh bearish big body candles one hour candles uh so yeah now we might see a bit of a consolidation because it's currently below the neckline below the round 134 level so yeah we might see some consolidation but with the next bearish candle moving further below uh 133.90 that could be a confirmation that indeed we have a head and shoulder and it's bearish and it's gonna move further on the downside okay so keep an eye on it down and last but not least nasdaq nasdaq nasdaq nasdaq [00:57:21] Speaker 2: let me see let me see first place nasdaq nasdaq oh for god's sake it's in front of me and i cannot find it where is it [00:58:10] Speaker 1: oh it's a very bottom okay there um a lot of indecision okay a lot of indecision overall that's the daily chart i've started with the daily one steady okay steady overall uh that's wrong sorry so pretty much stuck the whole february and march so that's one thing i'm gonna zoom into the one hour chart very similar pictures nobody can those lack of momentum no no no no no undecisive sideways that's a 15 minutes chart still i have bearish candle but it's misleading you see i mean bearish parabolics are at the top uh but moment no that's um dear things it's a bit shady uh thor photos nasdaq is a bit unclear for me right now yeah it's unclear i don't see anything to be honest i see a lot of consolidation i i see a lot of indecision i see a lack of uh direction i don't see anything else other than that i'm afraid i will put shall i put the one minute chart okay this is a one minute chart one minute chart so don't don't take it i mean it's not the overall outlook or something this is the one minute chart okay in one minute chart if you're a scalper i i guess uh yeah it's it has it's a reversal it looks like a reversal not convincing enough for me but we have three consecutive bearish candles so this is enough parabolic start turn direction um yeah so it's bearish in the one minute chart and that's pretty much it basically so next support 24 947 or the latest fractal which was already being heated 24 940 yeah okay that's the one minutes chart though so it's up to you i think i covered all of the questions i have one more over here you don't euro dollar even though i focus a lot on euro dollar euro dollar broken the support that i mentioned from the beginning of my of my life i did explain that regardless of the inflation uh the euro dollar overall due to the uncertainty due to the uncertainty it could continue continue downwards simply because sorry sorry because the overall outlook for euro dollar is negative um uh um [01:02:08] Speaker 2: so sorry [01:02:16] Speaker 1: yeah so as i was saying and so it's it's it's it's it's technical it's a head and shoulder formation it was broken and it's below 116 broken a very important support level so this has opened the doors to monday's bottoms and not because of inflation but because of the controller sorry because of the overall bearish outlook since the beginning of february for euro dollar driven by uh and driving by uh by the u.s iran war by oil prices by the impact that this could have on euro or europe sorry by um ecb as well so yeah so overall and it remains in a bearish outlook intraday it remains in a bearish outlook especially now that it has broken the support that i was telling you about and the doors are open to the next swing lows here we go i'm putting the levels on so you can see 115.75 115 50 and 115 25 um and that's pretty much it guys i don't know whether you have any questions i'm gonna go through the questions again uh but that was pretty much it uh i covered gold i covered everything that you asked asked me um have i missed any question no i haven't missed any question okay let's see some okay still gold not my favorite today i'm afraid not my favorite one today i'm referring to gold um yeah so guys if you don't have any questions i'm gonna call it a date okay um so yeah final call for questions just to sum up what happened today is that we have uh seen and in line with expectations inflation okay still the uncertainty regarding the a potential uh higher i mean a higher than a higher inflation and increasing the inflation in upcoming um months is still on is still i mean on the table but for the time being we have seen a steady inflation and that gives the thumbs up let's say to the fed to keep rates unchanged for march april even may so any any change is expected to be done in june however there is nothing certain why because we have a new chairman that was appointed by president trump we have oil which is at where is oil uh is it i haven't seen it today to be honest it's an around 90 territory it's below the highs that we have seen earlier this week but it's around 85 to 90 dollars a bottle the situation in middle is the u.s and trailing attacks on iran are still on so that's expected to keep oil to keep the oil supported so this could uh lead to a higher inflation of course so the certainties are still on and let's forget the weak job report that we got on friday on last friday so yeah all these uncertainties are still on um yeah and that's pretty much it from my side guys uh yeah keep an eye on the news stay tuned stay in form take care obviously um and trade on what you see and not what you think okay thank you very much have a great day ahead uh liha you have just joined but don't worry the live will stay uh in the youtube channel so you can drag and drop and see all the analysis about gold thank you very much guys thank you very much for attending hopefully you enjoyed hopefully you find it useful is not if not feedback is more than welcome thank you very much take care and see you again on friday thank you very much