BUY EURUSDIn todays session we are monitoring EURUSD for buying opportunities. Our entry is at 1.07740 and our stops are below 1.07520 our targets are as high as 1.08558. Use proper risk management and own due diligence before entry.
Buy
USD/JPY Strengthens Due to High U.S. Bond YieldsThe technical analysis of USD/JPY on October 23 shows a strong upward trend. Currently, the pair is trading around 152.692 after breaking the 150.489 support level, paving the way for a potential rise to 155.
The EMA 34 and 89 lines provide solid support, while the MACD indicator suggests strong upward momentum. A short-term correction may occur before further gains.
On the news front, USD/JPY is boosted by high U.S. bond yields and expectations that the Fed will maintain stable rates, while the Bank of Japan continues its loose monetary policy.
US30USD Will Move Higher! Long!
Take a look at our analysis for US30USD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 42,851.2.
The above observations make me that the market will inevitably achieve 43,893.3 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GOLD Is Bullish! Buy!
Please, check our technical outlook for GOLD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 2,756.196.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,778.600 level soon.
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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GBPUSD Is Very Bullish! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.296.
Considering the today's price action, probabilities will be high to see a movement to 1.303.
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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GBPJPY Is Going Up! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 197.654.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 203.292 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GOLD Is Bullish! Long!
Take a look at our analysis for GOLD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2,726.00.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,742.59 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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EUR/USD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
EUR/USD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.093 area.
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Gold Benefits From Political TensionsThe technical analysis of the gold chart shows that the price has increased sharply and broken the resistance level near $2,743/ounce. The EMA 34 and 89 continue to point up, reinforcing the long-term uptrend. It is expected that the gold price may have a correction to the $2,700 level before continuing to increase to higher targets around $2,800 and $2,950, corresponding to the Fibonacci levels 1.0 and 1.618.
The political news factor also contributes significantly to the fluctuations of the gold price. The US presidential election in November is strongly affecting the market sentiment. If Mr. D.T. wins, the gold price is likely to decrease due to expectations that he can resolve geopolitical tensions. However, strong economic policies from both candidates may also increase economic stimulus and money injection, further supporting the gold price increase.
ETH - What's next ?#ETH/USDT #Analysis
Description
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+ ETH has been trading within a range for over 2 months now.
+ The highest price reached was around $2800, and the lowest was in the $2100 range.
+ Currently, the price is in a downtrend, heading towards the support zone around the $2200 level.
+ We can expect an immediate reversal from the $2200 range.
+ This seems to be the final downtrend for ETH, and once it bounces from the support, we can anticipate it reaching the resistance zone and potentially breaking out with ease.
+ Let's see how this scenario unfolds.
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Enhance, Trade, Grow
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VectorAlgo
ETH Ethereum Double BottomAfter the last price target was perfectly reached:
I’m now anticipating a technical rebound based on this Double Bottom Bullish chart pattern.
My price target is set at $2,700.
WLD Worldcoin - Sam Altman's vision for the futureWorldcoin, founded in 2019 by OpenAI CEO Sam Altman, alongside Max Novendstern and Alex Blania, is rapidly gaining momentum as one of the most innovative projects in the crypto space. Backed by $250 million in funding from top venture capital firms like Andreessen Horowitz, Khosla Ventures, and tech visionary Reid Hoffman, Worldcoin is part of Altman's larger vision for the future.
The project's core mission is to create a global identity verification system by assigning every individual a unique digital signature, verified through iris scans using a device called the Orb. This ambitious approach to proving "humanness" has the potential to revolutionize the way we interact with digital systems, creating new possibilities for secure transactions and decentralized identification.
Currently, Worldcoin’s token, WLD, is sitting at a strong support level of $1.4. With growing interest in the project and its potential to reshape digital identity, I expect WLD to rally towards the $2.6 resistance by the end of the year.
As Worldcoin continues to develop, it could become a major player in both the crypto and tech landscapes.
SHIB Shiba Inu Potential breakoutIf you haven`t bought SHIB before the previous rally:
nor sold the top:
Analyzing Shiba Inu’s chart, it appears to be entering a phase of accumulation following the conclusion of a falling wedge pattern, which is often a bullish signal.
Given this setup, I anticipate a potential upward movement in SHIB over the next two weeks as buying pressure builds.
The price action suggests growing momentum, and I’m targeting the next key resistance level at $0.00001500.
This zone could act as a pivotal point for the next leg higher if the bullish sentiment continues to strengthen.
CTAS Cintas Corporation Options Ahead of EarningsIf you haven`t bought CTAS before the previous earnings:
Now analyzing the options chain and the chart patterns of CTAS Cintas Corporation prior to the earnings report this week,
I would consider purchasing the 220usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $8.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DAL Delta Air Lines Options Ahead of EarningsIf you haven`t bought the dip on DAL:
Now analyzing the options chain and the chart patterns of DAL Delta Air Lines prior to the earnings report this week,
I would consider purchasing the 50usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $3.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BX Blackstone Options Ahead of EarningsIf you haven`t bought BX before the previous earnings:
Now analyzing the options chain and the chart patterns of BX Blackstone prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2025-6-20,
for a premium of approximately $13.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
UAL United Airlines Holdings Options Ahead of EarningsIf you haven`t bought UAL before the previous earnings:
Now analyzing the options chain and the chart patterns of UAL United Airlines Holdings prior to the earnings report this week,
I would consider purchasing the 62.5usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $6.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Gold Pauses Before Continuing Its Climb
Gold is currently on a dramatic "adventure." After a sharp rise to 2,735 USD, it seems to be taking a break around the 2,727 USD support level, as if it's catching its breath before climbing further to new peaks in the 2,750 - 2,767 USD range.
The EMA 34 and 89 are providing solid long-term support. However, remember that the gold market can be unpredictable, and a “slip” could happen if strong resistance is encountered.
Traders should keep an eye on U.S. bond yields rising amid geopolitical tensions in the Middle East and the U.S. election.
SPX500USD Will Grow! Long!
Please, check our technical outlook for SPX500USD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 5,849.9.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5,898.0 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
NZDCHF Will Go Up! Buy!
Please, check our technical outlook for NZDCHF.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.523.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.536 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
NASDAQ Is Approaching A Decent SupportHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 20230 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 20230 support and resistance area.
Trade safe, Joe.
Expectations for Further Gains Amid Lower Interest RatesGold prices are currently in an uptrend and have broken through the $2,730 resistance level, heading higher. The technical chart shows that the price is continuing to maintain its upward momentum within the price channel, with the 34-day EMA and 89-day EMA supporting below. However, after hitting $2,740/ounce, the price has corrected to $2,720 due to a stronger USD and profit-taking.
News from China about the PBoC cutting interest rates is an important factor driving the gold market. Meanwhile, the Fed is expected to cut interest rates in November, creating expectations that gold prices will continue to rise in the long term, although there may still be short-term corrections when major central banks cut interest rates.
Gold Soars but Awaits a CorrectionXAUUSD isn’t just climbing—it’s soaring like a rocket. But wait, before continuing its adventure towards the 2,780 USD mark, the market might need to 'pause' around the support zone at 2,704 USD to refuel.
The EMA 34 and EMA 89 are acting like loyal guardians, protecting the bullish trend in gold prices. If gold doesn't turn back and continues its upward journey, the bulls might start preparing for a celebration.
However, don’t celebrate too soon; the market could 'flip' at any moment if it faces unexpected resistance. Traders must always be prepared for sudden turns to avoid being left behind!
Traders should also be cautious of ongoing instability in the Middle East and Federal Reserve interest rate policies, which could further drive gold prices higher.
