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BITCOIN - Price can make correction and then continue to riseHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to wedge, where it at once declined from resistance line to support line. Also, it broke $58900 level, but later BTC backed up and broke this level one more time, after which made a correction. Then price in a short time rose to $65800 level, and even entered to support area, but then bounced down. Price exited from wedge and then started to trades inside triangle, where it fell to support line first. After this movement, BTC started to grow and soon reached $65800 level, broke it, and now trades close support line. Possible, price can exit from triangle, fall to support area, and then bounce up to $71500 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
EURUSD Bullish trade idea from 1.08071 - 1.07841.EURUSD Bullish trade idea from 1.08071 to 1.07841. The Price already tested the zone at 1.08137 and pushed back with price rejections and a strong confirmations candle. As per the DXY (Dollar Index) last fall will also positively affect the price; the proper setup will also have a proper stop loss behind the 1.07816 level because last time market moved a fake breakout of structure in August 24 which also mentioned. The target level will be 1.10013 to 1.10654. When taking an entry on the Euro, please place a stop-loss and take 1-2 % risk on your account balance.
Long
by Bloom_Forex_Official
4
Fundamental Market Analysis for October 18, 2024 EURUSDEUR/USD broke its four-day losing streak, trading near 1.0840 during the Asian session on Friday. However, the US dollar (USD) received support and hit a two-month high of 103.87 on Thursday, helped by a good US retail sales report, which fueled expectations that the Federal Reserve (Fed) may go for a nominal rate cut. According to the CME FedWatch Tool, there is a 90.8% chance of a 25 basis point rate cut in November and a 74.0% chance of another cut in December. U.S. retail sales rose 0.4% month-over-month in September, exceeding both August's 0.1% increase and market expectations for a 0.3% increase. Initial jobless claims in the U.S. fell by 19,000 in the week ended October 11, the largest decline in three months. Total claims fell to 241,000, well below the 260,000 expected. However, the euro faced downward pressure following Thursday's decision by the European Central Bank (ECB). The ECB cut its main refinancing operations rate and deposit rate by 25 basis points to 3.40% and 3.25%, respectively. Trade recommendation: Watch the level of 1.0860, when fixing above consider Buy positions, when rebounding consider Sell positions.
by Fresh-Forexcast2004
Buy GBP/NZD BreakoutThe GBP/NZD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2.1480 Target Levels: 1st Resistance – 2.1600 2nd Resistance – 2.1675 Stop-Loss: To manage risk, place a stop-loss order below 2.1385. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
6
Audjpy signalAfter the release of strong employment data from Australia, the AUD/JPY currency pair increased by more than 100 dollars. Considering the interest rate differential between the two countries and the lack of further rate hikes in Japan, the likelihood of the first scenario is higher. The second scenario is more likely if the market becomes risk off, leading to the rise of safe-haven currencies like the Japanese yen. In that case, we would expect to see a decline in the AUD/JPY pair down to the bottom of the triangle pattern. Target for the first scenario (long trade): 101.425 Target for the second scenario (short trade): 99.705
Long
by Market-Analyzer
Tesla (TSLA): Stuck in a Range after Robo Taxi rumors fizzledAfter being stopped out on our second entry in Tesla, it's time to take another look, although it has been quite uneventful since the big rise on the Robo Taxi rumors back in July. It was a classic “buy the rumor, sell the news” event, showcasing how markets tend to price in events well ahead of their occurrence. Musk's statement that Cybercab production could begin "before 2027" is also seen as highly questionable, given his history of missed deadlines. Tesla recently got approval from local authorities near its gigafactory in Berlin to move forward with its three-stage expansion plan. Despite protests from locals, this approval allows the company to start building infrastructure for storage facilities, a battery cell test lab, and logistics areas. All of this will take place on land already owned by Tesla. Whether this expansion will be beneficial or problematic for the company remains to be seen in the coming months. Currently, we still have our limit order from $177 running, and things are looking alright. To better illustrate the situation, we added a fresh chart of Tesla’s range, which clearly shows the situation. After reclaiming the range middle in July, Tesla briefly dipped below but rebounded perfectly from $183, a critical POC (Point of Control). Since July, Tesla hasn’t made any new higher highs, nor has it made lower lows, placing the stock in a tight range. If Tesla loses the range middle, we could see a drop to $183 or even $160. On the upside, breaking above the range high would be essential for further momentum. It's crucial to focus on higher time frame levels and avoid getting caught up in short-term news or noise. We’ll continue to monitor Tesla’s key levels and update you if any significant movement occurs. 🤝
NASDAQ:TSLALong
by freeguy_by_wmc
Here's What We Need for the Bull Run to Begin!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I always keep an eye on USDT.D to gauge the overall sentiment of the crypto market. 📚 As long as USDT.D remains within the descending triangle, expect a ranging market. 🏹 For a Bull Run to be confirmed , USDT.D needs to break below the lower boundary of the triangle and the 5.2% mark. (daily candle) In this scenario, BTC would break above $70,300 (weekly candle), potentially leading to a movement toward the $100,000 round number. Currently, USDT.D is hovering around a strong support zone, so we expect the bulls to take over in the short term, pushing the price up to the red supply zone and the upper orange trendline. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
21
Bitcoin can make correction and then continue to growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few days ago entered to wedge, where it at once rebounded from the resistance line and dropped to the support line of this pattern. Also, the price broke the 59000 level, which coincided with the buyer zone, but later BTC turned around from the support line and in a short time rose to this level and broke it. Then it made little correction to the buyer zone, after which continued to move up to the 65300 current support level, and even entered to support area, but soon turned around and fell below, making a fake breakout. Price tried to grow, but failed and dropped to the support line of the wedge, which coincided with the 59000 level, and then made a strong impulse up to the resistance line of the wedge pattern. Also, BTC broke the 65300 level, after which made a retest inside the support area, and now the price trades near the resistance line of the wedge. So, in my opinion, the price can make correction to the support area at first and then it will rebound up, exiting from the wedge. Next, I think, it can continue to grow, therefore I set my TP at 71K points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
Euro can reach resistance line of channel and then continue fallHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago entered to downward channel, where it at once rebounded from the resistance line and started to decline. In a short time price reached the 1.1030 level and some time traded inside the seller zone, after which broke this level. Next, the price fell to the support line of the channel and then tried to grow, but later failed and fell to the current resistance level, which is located inside the resistance area. Euro some time traded near this area and later continued to decline, thereby breaking the 1.0900 level. Then the price some time traded below this level and not long time ago continued to move down. Now EUR fell more and continues to decline inside the downward channel, so, I think that the price can rise to the resistance line of the channel and then rebound. After this, the price can continue to decline to support line of the channel, for this case, I set my TP at 1.0750 points, which coincides with this line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
GOLD - Price can exit from wedge and fall to $2625 levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A not long time ago price fell to $2625 level and then bounced up to $2665 level, after which started to decline inside channel. In falling channel, price some time reached $2665 level, but couldn't break it and later Gold fell below $2625 level. Price exited from falling channel and started to grow inside wedge, where it broke $2625 level one more time. Later price made a gap and made correction to support line of wedge, after which bounced up to resistance line. Also, price broke $2665 level, and at the moment it continues to grow near resistance line of wedge. So, I think, Gold can rise a little, exiting from wedge, and then bounce down to $2625 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
1
Fundamental Market Analysis for October 17, 2024 USDJPYThe USD/JPY pair is down to 149.400 despite the US Dollar (USD) strengthening during Asian trading on Thursday. Later on Thursday, US retail sales data will come to the fore, which is estimated to rise to 0.3% in September from 0.1% in the previous reading. The US economic data showed a resilient economy, with inflation rising slightly more than expected in September. This, in turn, could boost the US Dollar against the Japanese Yen (JPY). LSEG calculations put the probability of a 25 basis points (bps) rate cut in November at nearly 100%, while the probability of the Fed pausing and keeping the federal funds rate in the target range of 4.75-5.0% is just 0.2%. Nevertheless, ongoing geopolitical risks and uncertainty surrounding the U.S. election could strengthen safe-haven flows, which would favor the yen. A plan for Israel's response to an Iranian attack this month is ready, CNN reported. U.S. officials expect it to happen before the U.S. presidential election. Prime Minister Benjamin Netanyahu said separately that Israel opposes a “unilateral ceasefire” in the war with Iran-backed Hezbollah in Lebanon. On Friday, investors await national consumer price index (CPI) data for September for a fresh boost. The CPI excluding fresh food is expected to fall to 2.3% in September from 2.8% in August. Trade recommendation: Watching the level of 150.000, when fixing above consider Buy positions, when rebounding consider Sell positions.
by Fresh-Forexcast2004
Sell ETH/USDT Channel BreakoutThe ETH/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2620, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2488 2nd Support – 2410 Stop-Loss: To manage risk, place a stop-loss order above 2700. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
1
HelenP. I Gold will exit from wedge and continue to move upHi folks today I'm prepared for you Gold analytics. In the chart, we can see how the price, some days ago, broke support 1, which coincided with the support zone and dropped to support 2. Also, XAU made two gaps, when it declined, after which it turned around from one more support zone and rose back to support 1. Then price turned around and slowly declined to the support zone (2628 - 2622), and when it reached this area, Gold broke support 2 and fell to the trend line. Later, the price turned around and started to grow near the trend line inside the wedge pattern. In this pattern, the price broke support 2 one more time, made a retest, and rose almost to support 1, making a third gap. After this, XAU made a correction to the trend line and then made an impulse up to the resistance line of the wedge, breaking support 1. At the moment, the price trades near this line, for this case, I expect that XAUUSD will drop to the support zone and then bounce up, exiting from the wedge. Then it can continue to grow as well, that's why I set my goal at 2700 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
2
Euro can little correct and then bounce up to resistance areaHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the resistance line, and fell to the support line, breaking the 1.1135 resistance level, which coincided with the seller zone. After this, the price bounced from the support line and started to grow to this level. When it reached it, EUR some time traded between the 1.1135 level and later finally broke it and reached the resistance line. But then the price turned around and fell to the 1.1135 level, after which tried to grow but failed and continued to decline inside the pennant. Euro first broke the 1.1135 level and dropped to the support line of the pennant, which coincided with the current resistance level and resistance area. Price some time traded inside this area and soon broke the 1.0950 level and fell to the support line of the pennant pattern. Also, the Euro tried to back up, but failed and at the moment it continues to decline near the resistance line of the pennant. In my opinion, the price can decline to the support line and then rebound up to the resistance area, thereby exiting from the pennant and breaking the resistance level. For this reason, my TP (1.0950) is located inside the resistance area. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
13
IFN Analysis 10/16/24DISCLOSURE: As of 10/16 I have no open positions in NYSE: IFN I am not a licensed investment advisor and I am not a tax advisor, nothing in this article is to be taken as financial advice. India Fund, Inc. (The) India Fund, Inc. (The) is a non-diversified closed end fund focused on the Indian market. The fund is currently trading at a discount of 7.5% to the net asset value with a 9% dividend yield. The fund holds a basket of Indian equities, primary large cap companies with stable track records. With the fund launched in 2003 it has since under performed the Nifty 50 index which has had a historic run in recent years. So why would an investor consider IFN? First of all IFN is trading at a discount to NAV meaning you are essentially buying the basket of stocks at a discount. It is also my personal belief that the equities held in IFN are better but valuation and fundamentally from the holdings in the Nifty 50 index. Macro: India is one of the fastest growing countries in the world in terms of both population and economically. However with several major drawbacks including the massive trade deficit, lack of efficiency in government operations, and less developed architecture to some of the competitor emerging markets. That being said India is a country of smart, hard working people, and I believe their economic environment will continue to improve. Tax Considerations: IFN is a closed end fund, meaning that it may have special tax considerations for some investors. From the perspective of a USA based investor I choose to hold all closed end funds in a Roth IRA retirement account. Please consult with a tax advisor before making any decisions.
NYSE:IFNLong
by sihen999
Fundamental analysis of the market for 16.10.2024 GBPUSDGBPUSD: The GBP/USD pair is trading around 1.3065 today, although it lacks bullish confidence. The release of the UK Consumer Price Index news event weakened the Pound against the Dollar. Ahead of the key data release, speculation that the Bank of England (BoE) may move to accelerate its rate cut cycle continues to undermine the British Pound (GBP) and act as a headwind for the GBP/USD pair. That said, the moderate decline in the US Dollar (USD) is providing some support to the currency pair and helping to limit the downside. From a technical perspective, the range-bound price action can still be categorized as a bearish consolidation phase amid the recent pullback from the 1.3435 area, or the highest level since March 2022, reached last month. In addition, the oscillators on the daily chart are holding in negative territory and are still far from the oversold zone. Trading recommendation: Trading mainly by Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Sell EUR/CHF BreakoutThe EUR/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9385 Target Levels: 1st Support – 0.9350 2nd Support – 0.9330 Stop-Loss: To manage risk, place a stop-loss order above 0.9410. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
6
Kumba Iron Ore Analysis 10/15/24DISCLOSURE: As of 10/15/24 I have no open positions in Kumba Iron Ore JSE: KIO Introduction: Kumba Iron Ore is a South African Iron Ore mining company. They operate 3 mines in South Africa, all of which are quality assets operating profitably at current Iron Ore prices. The second business segment is logistics, or the transport of minerals across South Africa and internationally. Fundamentals: Looking at the 3 mines and their average costs the company is profitable at any Iron Ore prices about $40/metric ton. Well below the current prices. The return on the company's assets is very high and debt is negligible. The mine's have a long runway of 20+ years before they are at risk of running dry. With a long runway, profitable mines, the company looks attractive on a fundamentals basis. Iron Ore spot price: Current Iron prices are around $100/metric ton. Iron being a commodity tied to the general economy could see a drop in an economic downturn. $50 Iron could be possible atleast in the short term with an upside of $200/metric ton in a good economic environment for Iron. tradingeconomics.com Valuations: Kumba Iron Ore is currently trading at a P/CF and a P/E of 3.67 and 5.69 respectively. By both metrics the company is very cheap relative to the fundamentals. With a dividend yield of 11% easily covered by the company's cash flows Kumba Iron Ore looks very attractive for a long term investor bullish on Iron Ore. If you enjoyed this report follow for more! PM for consulting, portfolio analysis, and research requests.
JSE:KIOLong
by sihen999