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Blackrock(BLK): Targeting $1050-$1250 After Strong EarningsThis week, BlackRock will release its third-quarter earnings report, and there’s a lot of optimism in the air. Morgan Stanley expects BlackRock to beat analyst expectations, forecasting stronger-than-expected net flows. According to Morgan Stanley, net flows will likely accelerate 8.3% year-over-year on an organic basis, with their forecast being 420 basis points ahead of the consensus. They also predict a 5.7% organic growth rate for long-term inflows, marking a sequential acceleration. BlackRock is scheduled to release its third-quarter results on Friday. From a technical analysis standpoint, we anticipate more upside but with some limitations. We expect the intra-wave structure of wave ((iii)) to land between $1050 and $1350, though the more likely range is $1050-$1250. After spotting potential weakness in this range, we’ll be looking for an opportunity to enter on wave ((iv)), and we’ll send out limit orders when the time comes. As for the overarching wave (1), we expect a maximum of $1500 before a larger correction occurs. Stay tuned as we monitor this carefully and share the next steps.
NYSE:BLKLong
by freeguy_by_wmc
Sell EURUSD Bearish ChannelThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag 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 1.0986, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0935 2nd Support – 1.0909 Stop-Loss: To manage risk, place a stop-loss order above 1.1005. 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
24
Copper Pulls Back as China Optimism FadesCopper extended the August rebound into autumn and reached three-month highs, helped by the Fed’s jumbo rate cut and massive stimulus from Chinese authorities aiming to prop the economy and the property sector. However the measures do little to address the structural problems and the real estate market is unlikely to return to its former glory, while the lack of follow through on the fiscal front this week caused prior optimism to subside. Furthermore, the Fed has struck a more cautious approach towards further easing and Friday’s strong jobs report supported the reserved commentary. Markets have now priced out previous aggressive bets for 75 bps of cuts this year, aligning with the Fed’s 50 bps projections. Copper pulls back as a result, threatening the EMA200 (black line) and the 50% Fibonacci of the recent recovery. A breach would pause the upside bias, send the non-ferrous metal into the daily Ichimoku Cloud and expose it to the ascending trend line from the August lows. Deeper correction however does not look easy under the current technical and fundamental backdrop. There are still hopes for additional Chinese stimulus (potentially within the weekend), while prospects of US soft-landing and easier monetary policies in major economies can support higher prices. So do the AI boom and the green energy transition. Copper tries to defend the EMA200 that maintains its recovery momentum. This will allow it to push again towards 4.791, but we are cautious around further strength at this stage. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”) (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:COPPERLong
by FXCM
Markets collapse: investors flee China!The Chinese stock market is experiencing a sharp decline following a strong rally in recent weeks. On October 8, the Hang Seng Index (#HSI on FreshForex) plummeted by 9.56%, reaching 20,893 points. The Hang Seng China Enterprises Index, which tracks Chinese stocks traded in Hong Kong, dropped even further — by 10.9%. The CSI 300 Index of mainland China, which started the day with an 11% gain, ended with a nearly 8% loss. The main reason for the drop is growing investor dissatisfaction with the lack of new economic stimulus measures from the Chinese government. Expectations were high, especially after the National Development and Reform Commission's press conference, where economic support was promised but no concrete actions were provided. This has heightened uncertainty in the market. What has been done previously: - In late September, the Chinese government announced plans to strengthen economic stimulus, promising fiscal injections and support for the real estate sector. - The People's Bank of China lowered reserve requirements for banks, freeing up 1 trillion yuan ($142 billion) for the market. - There are plans to lower mortgage rates and the down payment for second-home purchases to a record low of 15%. Bottom line: The market is waiting for action. Given the history of sharp declines in the Chinese market, such as in 2015 when the CSI 300 Index lost 40% in two months, the Chinese government cannot afford a similar outcome and may direct efforts to strengthen investor confidence. Since mid-September, #HSI has experienced a steady bullish trend, and our analysts believe these trends could repeat.
HSI:HSILong
by Fresh-Forexcast2004
GOLD - Price can turn around and start to fall to support 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 declined to support line and then at once bounced and started to grow near this line. In a short time, price rose to $2625 level, broke it, and later made a retest, after which bounced up to $2665 level. Price some time traded near this level and even broke it, but soon turned around and broke it with support line. Then Gold continued to decline inside falling channel, where it firstly declined to support line and then bounced up. After this, price reached $2665 level, but at once made correction and then backed up, after which fell again. Now it rising, so, I think Gold can enter to resistance area 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
6
HelenP. I Gold can fall to trend line and then rebound upHi folks today I'm prepared for you Gold analytics. A few moments ago price rose to support 2, which coincided with the support zone, and then made a correction movement. After this, price started to rise inside the upward channel, where it soon reached support 2, some time traded in the support zone and broke this level. Next, the price rose to the resistance line of the channel, after which made a movement down to support 2 and then tried to grow back. But Gold failed and declined to the trend line again, which is the support line of the channel also. Then the price little grew near this line and then rebounded up to support 1, which coincided with one more support zone. Soon, XAU broke this level too, and even later exited from the channel. Gold some time traded and a not long time ago dropped to the support zone, where it continues to trades to this day. In my opinion, XAUUSD will fall to the trend line one more time and then rebound up. That's why I set my goal at 2680 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
2
Market Fundamental Analysis for 8 October 2024 GBPUSDThe Pound-Dollar pair attracted some buying during the Asian session on Tuesday and so far seems to have broken a five-day losing streak, hitting a near four-week low near 1.31600 reached the previous day. However, spot prices are unable to consolidate above the 1.31000 mark, causing bullish traders to be somewhat cautious. Investors remain concerned that tensions in the Middle East could escalate into a larger conflict. In addition, not-so-optimistic comments from the National Development and Reform Commission (NDRC) overshadowed the recent optimism from China's stimulus measures and curbed investors' appetite for risky assets. This is evidenced by the overall weak tone in equity markets, which in turn could help drive inflows into the US Dollar and constrain the GBP/USD pairing. Meanwhile, Bank of England (BoE) Governor Andrew Bailey said last week that there is a possibility that the central bank could become more aggressive in cutting rates if there is further good news on inflation. This could help limit British Pound (GBP) gains and suggests that the path of least resistance for the GBP/USD pair lies to the downside. As such, any further upward movement could be seen as a selling opportunity and risks quickly coming to naught. On Tuesday, no market-important economic data will be released from either the UK or the US, so the dollar and the GBP/USD pair will depend on the Fed's words. Meanwhile, attention will be focused on the release of the FOMC meeting minutes on Wednesday. It will be followed by data on the Consumer Price Index (CPI) and Producer Price Index (PPI) in the US, which will play a key role in stimulating demand for the dollar and will give a new impetus to the currency pair. Trading recommendation: Watch the level of 1.31000, when fixing above it consider Buy positions, when rebounding we consider Sell positions.
by Fresh-Forexcast2004
EURUSD Daily Analysis - A downward movement is expected towards Throughout the first day of the new week EURUSD remained consolidated at the levels of 1.0960/85. Today at 6 o'clock GMT we expect data on Industrial Production for the month of August in Germany, with expectations for a growth of 0.8% compared to the previous month, where we had a drop of -2.4%. The Eurogroup Meeting is another key event of the day that is likely to have an impact on currency markets. A little later in the day, however, the Bank of New Zealand is expected to cut interest rates more aggressively by 0.5% following the new trend of interest rate cuts around the world. From World-Signals.com, we expect a slight strengthening of the Euro, but it is very likely that the downward trend will continue towards the end of the week. Bet on a strategy to sell on slight bounces up to 1.1010+ with daily gains of 20-35 pips or short positions with bigger gains towards the end of the week.
Short
by World-Signals
EA could see some more potential bounce off the lows/support nowHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
Bigger Bubble" Creation vs. Downtrend Bubble Burst: What Comes NMore Giant Bubble" Creation vs. Downtrend Bubble Burst: What Comes Next? As the Federal Reserve (Fed) begins its rate-cutting cycle, the stock market and gold prices are hitting record highs, fueling growing investor confidence in a soft landing for the U.S. economy. However, it’s important to remain cautious. The market may appear to be creating a "bigger bubble," but investors should consider secondary effects. An economic slowdown could trigger a sudden market crash even with continued rate cuts. A critical indicator to watch is the U.S. Treasury yield curve, which often signals an impending recession. Recently, a closely watched segment of the yield curve has returned to a typical slope after being inverted, signaling that a sharp economic downturn may be imminent. "When the inversion ends, the real countdown begins, and that’s where we are now." "Bigger bubble" creation vs. downtrend bubble burst?! Waiting for a LONG trade: Please refer to the chart. Long trade entry set up target and s/l. Methodology: Fibonacci Channel & Fibonacci Retracement Risk control reference pivot points: Daily pivot points (table provided) 4-hour pivot points (table provided) www.tradingview.com Disclaimer: The content represents expert opinions and is not investment advice. Investors should make independent decisions, carefully assess risks, and bear full responsibility for their outcomes.
NASDAQ:NDX
by fortunepivot
Euro can rise a little and then continue to decline nextHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price entered to range, where at once fell to the current resistance level and then rebounded up. EUR rose to the top part of the range and then turned around and dropped to the resistance area, thereby exiting from the range. After this, the price started to grow inside the upward channel, making a fake breakout of the 1.1030 level. Inside the channel, the price rose to the 1.1175 level, after which rebounded and fell to the support line of the channel, and then it backed up. EUR even rose higher than the seller zone, reached the resistance line of the channel, and then made a correction movement, breaking the 1.1175 level again. After this, the price in a short time rose to the seller zone and then made an impulse down, thereby breaking the 1.1175 level, and exited from the upward channel. Also soon, Euro broke the 1.1030 level and now it is trying to grow. For this case, I think that the price can grow to the resistance area and then continue to decline more. That's why I set my TP at 1.0900 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
3
How Much More Longer BearishOn this pair, we find that on the weekly timeframe, the market is Bullish. Price even went all the way up towards our liquidity target but failed to close above it. We are currently witnessing another pullback. On the Daily, price is bullish. We have seen prices currently retrace into the daily zone. But there is a lot of speculation as to whether or not this our refined daily reversal zone has what it takes to invite the bulls of demand to hold prices at that level and drive it back up. Now my Analysis: As much as I would want the daily zone to hold, as this is the fastest way for us to find a LONG trading opportunity, jumping on the rally towards the confluence weekly/daily liquidity targets. But I have a bit of reservation on this. This is because of the force with which prices have come into the daily reversal zone. Prices have come into the zone with a strong push, and not the usual gentle slide in expected of a reversal zone. Dont get me wrong, I am not concluding that the zone will fail, but rather I am saying that instead of the initial 70% chance I had of the zone holding, I now have a 40% chance of it holding because of price action. In the event that the zone holds, we will expect to see the rally resume with prices gravitating towards our liquidity target above; and we will excitedly pull out out panzy pips trading system and jump on the trade. But what happens if the zone fails..? Where this is the case, we will look to see prices deep further towards the Weekly zone below. From where we will look to see some bullish reversal and again place our trade setup right beside price and stand ready to trade. In all of these, we do not and cannot completely rule out the possibility of catching some bearish trades where the daily zone is breached and price dips towards the Weekly zone. Share your thoughts guys and let us see your perspective on the market
Long
by PanzyPips
Are The Bulls Still Up To IT?On this pair, we see that the Weekly chart is ready to resume its long held bearishness. Over the past few days, we have witnessed prices rally all the way up (a Bullish retracement inside a bearish swing), driving prices into our marked out Weekly reversal zone. As expected, the zone held, and we began to see reversals, with prices turning bearish from that point. But the thing is this, that bullish retracement on the weekly came as a result of a bullish extension on the daily chart. The pertinent question before us now is whether or not the bulls of the daily chart will be able to come in strongly enough to contain the current bearish push and hold prices in a bullish trend. Here is my take. It is common knowledge that the lower time frames move in consonance with (in obedience to) the higher timeframes... lol (the word "obedience" got me laughing for a bit. But let's cyt back to the chase) Now we have seen the daily printing a bullish narrative. But we are all expected to believe that the bullish trend sustained by the daily has the primary intention and purpose of driving prices in the direction of the higher timeframe, which in this case is the weekly chart. We therefore believe that all of that bullish push was to drive prices into the Weekly reversal zone. With that being fulfilled, price is expected to move in the direction of the Weekly over and above the daily direction. This is the regular theory and philosophy of the forex market. But will that narrative hold sway this time around? We see prices now dipping bearish. This is an extension for the Weekly chart, and at the same time a retracement on the daily bullish swing. In the event that the Daily zone holds (which is less likely), we will expect to see prices reverse bullish, begin totally and move to take out Daily liquidity target above. This will result in a deeper retracement inside the Weekyl zone, or a complete breach of the zone. Where the zone is breached, we will look to see the market print higher prices and go all the way up. On the other hand, if the bearish perspective of the Weekly holds, we will expect to see the Daily zone breached, at which point we will expect prices to dip towards the weekly liquidity target below. So guys, who do you thing is gonna win the day, the Bulls of the Daily or the Bears of the Weekly? share your thoughts in the comment section
Short
by PanzyPips
Cross Roads for the CableOn the Weekly, we see that the market is in a Bullish swing. After prices rallied to form the high, it has begun the bearish retracement, dipping towards the reversal zones which are refined from the existing PB of the Weekly. This narrative above is also the same for the Daily chart. On the Daily, not only dow e see a chart that is bullish and now retracing bearish into the refined zone, but we can notice that at this time, price is well inside the zone, and even threatening to break bearish and breach the zone. Now my analysis: I expect the Daily reversal zone to hold. Where that happens, we expect to see prices go all the way up to hit Daily liquidity target and at the same time give us an extension of the current bullish swing on both the Daily and Weekly charts. If it does go this way, we will pull our our panzy pips trading system and begin to catch trades on the extension rally. On the other hand, in the unlikely event that our daily zone fails, we will expect to see prices retrace deeper and dip lower towards the weekly reversal zone, from where we will watch out for reversals inside that zone. The rally will be expected to begin from there, and from there drive prices all the way up towards the Weekly liquidy target. This is gonna be one hell of a rally, so y'all better be ready to cath some great deal of profit off of that rally. As usual, we will look to trade that rally applying our same trad entry systems unique to panzy pips traders. See you at the top of that cliff guys ...
Long
by PanzyPips
2
Daily analyzes of EURUSD - Dollar regains lost positionsAmong the important fundamentals from Monday is Factory Orders for the month of August in Germany from 8am GMT. It is very likely that we will see another contraction that will negatively affect the Euro. In general, the industry in Germany has started to shrink and there are no chances for growth. The other important news is related to retail sales in the Eurozone at 11am GMT. Although we expect levels around zero or very little growth in retail sales. Among the world events that affect the currency markets are the escalation of the conflict in the Middle East, where mainly the Euro may suffer due to disrupted supplies of both goods and fuels. Overall, the Dollar will be in a stronger position this week and we at World-Signals.com expect the Dollar to strengthen against the Euro. In the last week, the Dollar has taken about 200 pips on the Euro. In retrospect, the Dollar had 3 losing weeks, and only in the last one did it regain some of the lost positions. Use the 1.1010 levels to open short positions with a 6-8 business day closing target.
Short
by World-Signals
Caterpillar (CAT): Construction Strength Amid Industrial SlumpCharting Caterpillar can be challenging, given the complexity of its price structure, but it’s fascinating to see how well it respects Elliott wave theory and trend channels. Despite the difficulties, the adherence to these principles makes the analysis quite promising. The construction sector for Caterpillar remains robust, while the true growth catalyst is expected from a recovery in the mining industry, driven by demand from China and other regions. However, it’s not all positive: industrial activity in the U.S. has been sluggish, with the Institute for Supply Management Purchasing Managers' Index falling below 50 in 21 of the last 22 months—marking one of the worst streaks on record. This industrial downturn certainly adds pressure. On a higher time frame, there’s not much new to add. However, we are looking for Caterpillar to move higher to complete wave (3). As shown in the zoomed-in chart (the chart in the left frame), we can observe how accurately the price is moving within the trendline. The "best-case" scenario for us would involve a push above the channel, followed by a sell-off. If this happens, it will provide a clearer indication that a larger correction—wave (4)—is imminent.
NYSE:CAT
by freeguy_by_wmc
1
GOLD - Price can fall to support line of wedge and start to growHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price traded between $2400 level, which coincided with support area, and later started to grow in broadening wedge. In this pattern, price in a short time rose to resistance line, thereby breaking the last time $2400 level. Next, Gold made a correction to support line of wedge and at once turned around and made upward impulse. Then price reached and at once broke $2635 level and then rose to resistance line of wedge, but recently started to decline. In my mind, Gold can decline almost to support line of broadening wedge, breaking support level. After this, price will start to move up to $2720 points, breaking $2635 level one more time. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
15