LEVI Levi Strauss & Co Options Ahead of EarningsIf you haven`t bought the dip on LEVI:
Now analyzing the options chain and the chart patterns of LEVI Levi Strauss & Co prior to the earnings report this week,
I would consider purchasing the 21usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $1.67.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Buy
MKC McCormick & Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MKC McCormick & Company prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $1.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PAYX Paychex Options Ahead of EarningsIf you haven`t bought the dip on PAYX:
Now analyzing the options chain and the chart patterns of PAYX Paychex prior to the earnings report this week,
I would consider purchasing the 130usd strike price Puts with
an expiration date of 2024-10-18,
for a premium of approximately $2.97.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NKE NIKE Options Ahead of EarningsIf you haven`t sold NKE before the previous earnings:
Now analyzing the options chain and the chart patterns of NKE NIKE prior to the earnings report this week,
I would consider purchasing the 93usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $1.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CAD/CHF SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
It makes sense for us to go long on CAD/CHF right now from the support line below with the target of 0.625 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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BITCOIN Is Going Up! Buy!
Here is our detailed technical review for BITCOIN.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 65,826.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 67,078 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EU continues multi-day uptrend!Hello everyone!
Currently, the EU is maintaining a slight upward momentum, despite a short decline from 1.2000 and closing the week around 1.1159. This has many people worried about the possibility of further declines, but don't be nervous! The price channel is still holding and the cup-with-handle pattern is gradually completing, promising to trigger a new growth wave in the medium term.
So, as long as the price channel remains in an uptrend, the market will continue to explode, and the Buy strategy will still be a good choice for the upcoming trading sessions. Once the EU breaks above 1.1200, it will not be difficult to move further to new highs in the short term. What do you think about this view?
XAU/USD: Break Resistance at $2,680 or Correct to $2,645?The analysis of the XAU/USD chart shows that gold is currently priced at $2,658.550, with strong support at $2,645.331. From the chart, it is clear that the upward trend is still being maintained, thanks to the support of the EMA 34 and EMA 89 levels at $2,658 and $2,633.502, respectively.
The key resistance at $2,680.809 is the barrier that the price needs to break through if it is to continue reaching higher levels, with the next target at $2,701
However, if the price fails to maintain its upward momentum and drops below the $2,645.331 support level, a deeper correction may occur.
In the current market context, important economic news from the U.S. and statements from Fed officials will be key factors that could significantly impact gold price movements in the coming days.
Gold Bullish Outlook: Cup and Handle PatternThe current gold chart is showing a Cup and Handle pattern, a technical signal that indicates a potential bullish breakout. This pattern is completed when the price breaks above the resistance line of the "Handle" section, and currently, we are witnessing signs of such a breakout. The EMA 34 and EMA 89 support the medium and long-term uptrend, reinforcing the belief in the sustainability of this bullish momentum.
What do you think about this prediction, let me know in the comments!
Today's BTCUSDT trading strategy!Hello everyone, let’s continue to analyze trends and strategies together!
Currently, BTCUSDT is hovering around the $65,000 level, gaining momentum after successfully breaking through the resistance at $64,500 in the short term.
From a technical perspective, considering the trendline and the EMA 34, 89 indicators, I believe a buying strategy remains favorable in both the short and medium term. The uptrend could be further reinforced if it manages to break through the $65,300 resistance level soon.
Wishing you all happy trading and abundant profits!
ETHUSDT should buy or sell ?Market Overview:
The ETH/USDT pair is showing signs of strength after breaking the resistance level at $2,644. The recent cup-and-handle pattern, highlighted in red, suggests a bullish reversal pattern. The market has tested the resistance zone around $2,679.98 multiple times (as indicated by the red arrows), implying that the market is gradually gaining momentum.
Key Technical Points:
Support Zone: The green zone around $2,615.95 - $2,626.25 represents a key support level, acting as a buffer where buying interest might emerge.
Resistance Zone: The next major resistance sits at $2,679.98, as indicated by the orange rectangle. A break above this level could trigger further upside momentum.
News Catalysts:
U.S. Bond Yields: A decline in U.S. bond yields and a weakening USD could support further upside movement in Ethereum, aligning with the technical picture.
Macro Events: Any easing from the Federal Reserve or signs of slowing inflation might also act as a tailwind for the broader crypto market, potentially boosting Ethereum prices.
Trading Strategy:
Bullish Scenario:
Entry: Consider entering a long position if the price breaks and holds above $2,679.98 (highlighted by the orange zone).
Target: Set a profit target around $2,740, where the next potential resistance could appear.
Stop Loss: Place a stop loss below the green support zone ($2,615.95), ensuring risk management in case of a market reversal.
This strategy hinges on the assumption of continued bullish momentum, reinforced by both technical patterns and favorable macroeconomic conditions.
SOLUSDT: Trading strategies and trends!SOL/USDT is showing a clear bullish structure, supported by a potential 5-wave Elliott pattern. After bouncing off the key support zone at $153.65 (Wave 2), it’s likely to continue its upward momentum.
Entry: Consider buying near $153.65.
Target: First target at $160 (Wave 3), with an extension toward $165 (Wave 5).
Stop Loss: Place below $150.64 for risk management.
The uptrend is supported by strong market sentiment and positive Solana ecosystem developments, making further upside probable.
USOIL Will Go Higher! Long!
Take a look at our analysis for USOIL.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 67.55.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 71.74 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURAUD Will Go Up! Buy!
Please, check our technical outlook for EURAUD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.618.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.635 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBP/CHF LONG FROM SUPPORT
Hello, Friends!
GBP/CHF is making a bearish pullback on the 1H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.133 level.
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XAU/USD : Percée à $2,680 ou Correction vers $2,650 ?Le graphique XAU/USD révèle une bataille intense alors que le prix de l'or fluctue autour de $2,662.280.
Deux niveaux clés influencent le marché : un solide support à $2,650.230 et une résistance robuste à $2,680.131.
Les boucliers fournis par les EMA 34 à $2,659 et EMA 89 à $2,630.839 jouent un rôle crucial dans le maintien de l'élan haussier de l'or, empêchant des baisses plus profondes.
Cependant, ce que les traders surveillent de près, c'est si le prix peut franchir la résistance à $2,680. Si ce n'est pas le cas, une correction à la baisse pourrait ramener le prix vers la zone de support à $2,650.
Parallèlement, avec un RSI à 49.90, il y a un équilibre entre la pression d'achat et de vente, signalant que le marché est à un tournant crucial.
Les nouvelles économiques des États-Unis et les actions de la Fed seront les principaux catalyseurs susceptibles de bouleverser toute la dynamique du marché.
GBP/USD: Outlook Continues to Be Bullish!Currently, GBP/USD is hovering around 1.3376, down 0.34%, but the uptrend is likely to continue strongly. Although the current price action is bearish, this is not a cause for concern as the price channel and EMA 34.89 do not show any significant signs of reversal (which could, on the contrary, bring positive momentum).
It is worth noting that the nearest resistance at $1.3450 is forming a cup and handle pattern on the 1-hour chart, signaling a clear upside potential before the close of this week's trading session. If buyers can hold the dynamic support around 1.3350, I believe GBP/USD will continue to advance towards the target of 1.3500, especially if there is important news released during the day.
Traders can consider entering long positions around 1.3360, holding to take advantage of the uptrend, with a target of taking profit at 1.3500. What do you think about this view?
World gold may reach 2,700 USD this weekendHello everyone!
Recently, gold prices have increased sharply, nearly 570 USD/ounce, after the US Federal Reserve decided to cut interest rates by another 0.5%. Currently, gold is on track to reach a new high, expected to reach 2,700 USD/ounce.
The upcoming important event is the US presidential election, which can create many unpredictable fluctuations in the market, which will further promote gold as a safe haven channel that many investors prioritize.
Trend Analysis and Outlook in the Current Economic ContextThe current gold price chart reflects a bullish market, with prices hitting new highs, a testament to the growing appeal of gold as a safe-haven asset in times of uncertainty. The recent price increase is the result of a combination of the US Federal Reserve’s (Fed) monetary policies and rising geopolitical uncertainties.
In particular, the Fed’s decision to cut interest rates has reduced the opportunity cost of holding gold, thereby stimulating investment demand for gold. In addition, expectations of further interest rate cuts in the future have also boosted gold prices, with the market predicting a 62% chance of the Fed cutting another 50 bps in November.
In addition, geopolitical uncertainties, such as the conflict between Israel and Gaza, have also contributed to increased demand for gold. In times like these, gold is often seen as a safe-haven investment, protecting the value of assets when inflation and political uncertainty increase.
In the chart, the 34 EMA and 89 EMA are both bullish, with both moving averages below the current price, further reinforcing the bullish bias.
AUDUSD: Bullish Stocks And Potential UpsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.66200 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.66200 support and resistance area.
Trade safe, Joe.