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NASDAQ 100 Sinks on AI Cost Woes - Full Target Breakthrough HIT!NASDAQ 100 (NDX) Analysis using Risological Swing Trader: In the 15-minute timeframe, NASDAQ 100 (NDX) demonstrated a powerful bearish move, with all targeted profit levels being achieved in a swift drop. This short trade setup showed significant follow-through as investor sentiment shifted negatively due to concerns over escalating AI expenses reported by Wall Street's megacaps. Key Highlights: Entry Level: 20,429.42 Target Levels: TP1: 20,323.94 TP2: 20,153.26 TP3: 19,982.58 TP4: 19,877.10 Stop Loss: 20,514.76 Context: This bearish momentum aligns with Wall Street’s close on a lower note as major tech giants highlighted rising costs linked to AI developments. The day's range fluctuated between 19,880.26 and 20,227.19, underscoring the volatility and risk aversion among investors. The setup capitalized effectively on this negative sentiment, reinforcing the bearish outlook. Summary: This trade on NASDAQ 100 hit all targets with precision, benefiting from the broader market's reaction to heightened cost pressures in the tech sector. This downward move underscores the impact of macroeconomic concerns on equity performance, particularly in high-cost sectors like AI.
NASDAQ:NDXShort
by ProfitsNinja
XAUUSD Gold Prices Slip Amid Stronger USD: Key Levels to Watch Gold prices are under pressure, currently at $2,736.5 per ounce, driven down by a stronger U.S. dollar. Key technical levels suggest: Resistance at $2,762 and $2,787: Breaking above these could indicate a recovery. Support at $2,725 and a trendline: Holding these levels may prevent further declines. A bounce from support could push prices higher, while a break below could lead to more losses. Traders are closely watching U.S. dollar movements and upcoming economic data for gold’s next direction.
OANDA:XAUUSD
by Marthilda
XPDUSD: Channel Up not bottomed but its worth buying.Palladium is neutral on its 1D technical outlook (RSI = 53.239, MACD = 35.410, ADX = 35.074) as the price is approaching the bottom of its Channel Up. Even though ideally we would like the 1D RSI to drop under 45.000 before a buy opportunity emerges, the price isn't only near the 4H MA200 but also just over the 0.618 Fib, which is where the previous HL was priced. The first HL on the 4H RSI will be our buy entry. We maintain a conservative short term perspective, aiming for the 0.236 Fib (TP = 1,185). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XPDUSDLong
by InvestingScope
NZDJPY: Rectangle trading calls for buying.NZDJPY is neutral on its 1D technical outlook (RSI = 52.566, MACD = 0.350, ADX = 19.993) as it's been trading sideways inside a Rectangle pattern since September 27th. The recent rebound happened on the 4H MA200 and today it took a rejection on the 4H MA50. One more test of the 4H MA200 is possible but overall it is more likely to see an upward test of the lower Resistance Zone (TP = 91.800). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
SPY/QQQ Plan Your Trade 11-1 Update: Silver Still LeadingPlease watch this video to understand why I believe the downside risks are still dominant related to price trending. Yes, we've seen a solid recovery today, but watching Silver and RSP, it appears the Excess Phase Peak pattern is still progressing toward a breakdown new low. I urge all traders to stay very cautious of the risks throughout today and Monday. The markets need to climb higher quite a bit to invalidate this pattern - and I don't see that happening before Nov 5. Buckle up. Get some.
COMEX:SI1!Short
by BradMatheny
SPY going up after the electionEven though the DAILY indicators have not changed, the 30 minute, the 1 hour and even the 2 hour indicators are shifting to indicate an upward movement. The rest of the hourly and daily indicators will soon follow. (I will post these 30 minute and the 1 hour indicators soon) I am using the Heikin Ashi candlestick as I find you see more of a definite trend on the candlesticks itself. Typically, you would wait to enter the trade until you see 2 green candlesticks. But I am a little bit of a rebel and I already entered today, which will probably come back to bite me in the ass soon! LOL! ;-) I use the MacD, DMI and the Stochastic RSI as my indicators. The SPY will move about 34 points which was the average upward move of the previous months and that hits the fib line of 1.618. I use the fib tool to get a general approximation of the target. So I estimate the target of the SPY at around 602. It will reach that target around November 21st or approximately a 14 day upward move, which has been the average upward move in the previous months. Around November 12th, the market will pause a little before heading back up to reach the target I have laid out as 602. Happy trading everyone!
AMEX:SPYLong
by Princessgirl
DXY Will Fall! Sell! Take a look at our analysis for DXY. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 103.924. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 103.688 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. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1
NAS100...Ever The Bullish Instrument Part 3This week we are back in our favorite consolidation Zone...Right above the 78%. As you should have seen by now even with last week's sell off, the price only created a new HL on the daily timeframe before shooting right back above the previous HH set on October 14. This confirms my bullish bias, that although the market is consolidating, the moves still favor the bulls as the trend is always your friend. This type of movement however, does create opportunities for sellers also as you would have seen from last week's move, however they should be traded only with the proper experience. If you are not comfortable identifying the start and end of a bearish retracement, your best bet is to wait for your largest HL and keep buying the trend for the HL's to the HH's. For this week: 1. Continue trading the HL's to the HH's 2. Continue to learn the correct keys for the certification moves for more swing trade entries. 3. Remember Mondays, Tuesdays, and sometimes Wednesdays are the days the market takes to Create it's upper and lower zones and Thursdays to Friday's complete the current trend moves. Have a great week. #auberstrategy #aubersystem #whywewait #zigzagtheory #patience #masteryourcraft.
OANDA:NAS100USDLong
by Auberstrategy
8
Bitcoin going to 200KHere's an analysis of the BTC/USD (Bitcoin vs. U.S. Dollar) chart based on price action strategy: 1. Trend Analysis: The chart shows a strong bullish trend over the medium term, indicated by the series of higher highs (HH) and higher lows (HL). Recently, however, there have been some signs of consolidation as the price has struggled to break past the resistance around $73,500. 2. Market Structure and Key Levels: Break of Structure (BOS): There are multiple BOS markers, indicating points where the price continued in the prevailing direction after significant pullbacks. This reinforces the bullish trend, as each BOS marks a higher price level. Change of Character (CHoCH): CHoCH markers show shifts in the market's short-term direction. There are signs of both bullish and bearish CHoCH, which indicate potential reversal zones or shifts in momentum. 3. Support and Resistance Zones: Resistance Level: The area around $73,500 has acted as a strong resistance, with multiple rejections. A breakout above this level could signal further bullish momentum. Support Levels: Key support areas are around $64,800 and $62,000. These levels previously acted as resistance and were flipped to support, which adds to their significance. A break below $62,000 would suggest a potential bearish shift. 4. Liquidity Zones: There are liquidity pools below recent higher lows around $64,800, where buy orders may be concentrated. These areas often attract price movements, especially in corrective phases. 5. Current Price Action and Bias: Price is currently consolidating near the $73,500 resistance, showing signs of indecision. Bullish Bias: If BTC/USD can break above $73,500 with strong volume, it would indicate a continuation of the bullish trend, potentially targeting new highs. Bearish Scenario: If the price fails to break above $73,500 and instead breaks below $64,800, this could suggest a deeper retracement toward $62,000 or even lower levels, like $49,500. 6. Potential Trade Ideas: Long Position: Enter on a confirmed breakout above $73,500, targeting the next psychological levels (e.g., $80,000), with a stop just below the breakout zone. Short Position: If price rejects $73,500 and breaks below $64,800, look for a short position targeting $62,000 with a stop above recent highs. Summary The BTC/USD market is bullish but approaching a critical resistance. A breakout above $73,500 favors further bullish movement, while a rejection could lead to a consolidation or correction phase.
CRYPTO:BTCUSD
by merlyvasaya82
Another update to existing positionAnother update not live call out, so focus on management. First Fundamental reasoning. 1. Monetary Policy Divergence - **Federal Reserve**: The Fed remains relatively hawkish, prioritising high rates to control inflation. The strength of the U.S. economy has allowed the Fed to maintain or potentially even raise rates further, enhancing USD’s appeal compared to currencies from countries with more accommodative policies. -Reserve Bank of Australia : The RBA has adopted a more cautious approach, recently pausing on rate hikes due to concerns about slowing domestic growth and the impact of high rates on household debt. This divergence between the Fed's high-rate policy and the RBA’s reluctance to hike makes the AUD less attractive against the USD. 2. Economic Data Disparities The U.S. economy continues to show resilience, with strong employment data and steady consumer spending supporting USD strength. As economic fundamentals remain solid, investor confidence in USD assets is sustained, putting further pressure on AUD/USD. Australia’s economic indicators suggest a slowdown, particularly in consumer spending and business confidence. With inflation showing signs of moderating and wage growth remaining contained, the RBA has limited scope to increase rates without risking a significant economic slowdown. This weakens the AUD as it signals limited support from domestic fundamentals. 3. Commodity Demand and China’s Economic Slowdown. Australia’s economy is heavily reliant on commodity exports, particularly to China. With China’s growth decelerating amid property sector challenges and lower global demand, the demand for Australian exports such as iron ore and coal has weakened, exerting downward pressure on the AUD. Commodity Price Vulnerability. The slowing Chinese economy not only reduces demand for Australian commodities but also adds to the AUD’s vulnerability given its correlation with global commodity cycles. 4. Risk Sentiment and Safe Haven Flows Global Risk Aversion. In periods of increased risk aversion, such as recent geopolitical tensions and global economic uncertainties, the USD is favored over the AUD due to its status as a safe-haven currency. The AUD, being a risk-sensitive currency, tends to underperform against the USD during such times. 5. Market Sentiment and Positioning Bearish Positioning on AUD Current market sentiment shows a bearish bias toward AUD/USD, reflecting global investors’ preference for the USD amid broader economic concerns. Sentiment indicators and COT data also show increasing short positions on the AUD, further justifying a short position. Technical analysis, my confidence rank was still mid 80s, LTF did have good bear strength display plus the overall Dollar strength justified early entry. This week conclusion on technical side confidence above 90% so it is with the fundamentals. Updates will follow as the next events unfold
Short
by JureBrumen
Immutable Receives SEC Wells Notice, Vows to Defend IMX TokenImmutable, the Australian-based crypto gaming company renowned for its blockchain platform and CRYPTOCAP:IMX token, is facing a significant challenge. On November 1, the company disclosed that it had received a Wells notice from the U.S. Securities and Exchange Commission (SEC). Immutable has responded decisively, pledging to defend itself against any enforcement action and challenging the regulator's claims. Understanding the Wells Notice A Wells notice is an official letter issued by the SEC, signaling its intent to pursue enforcement action. It indicates that the agency believes it has gathered sufficient evidence of a potential violation of securities laws. Before the notice is issued, the SEC typically conducts extensive investigations and discussions with the involved entity. However, Immutable expressed discontent with the abruptness of the notice, which arrived with little warning despite previous engagements with the agency. The Wells notice appears to focus on Immutable’s IMX token sales and listings dating back to 2021. According to Immutable, the SEC specifically raised concerns over a 2021 blog post. In that post, a pre-launch investment in CRYPTOCAP:IMX tokens at $0.10 was mentioned, alongside a note about a "$10 pre-100:1 split" that, in the SEC’s view, inaccurately suggested there was no exchange of value between parties. Immutable countered these claims, asserting that the transaction did have genuine economic substance and that the SEC’s interpretation stems from poor communication and a misreading of facts. "Once again, the SEC is not correct," an Immutable spokesperson stated. "The details of the pre-launch investments were legitimate, and we are confident in our compliance with securities laws." Immutable's Determination to Fight Back Despite the gravity of the situation, Immutable remains resolute. The company expressed optimism in its ability to defend against the SEC’s allegations. "In spite of the SEC’s claims that tokens in the industry are securities, we strongly believe the IMX token does not fall under this category," Immutable said in its statement. The firm’s leadership emphasized its commitment to continue operations without disruptions and to protect the interests of its investors and community. Immutable is not alone in its struggle; the SEC has targeted several major crypto firms in 2024, including OpenSea, Crypto.com, and Uniswap, as the regulator intensifies its scrutiny of the digital assets space. This broader regulatory crackdown has fueled debates about the future of token classifications and the impact on the crypto market as a whole. Technical Outlook From a technical standpoint, CRYPTOCAP:IMX has taken a hit. As of this writing, the token has dropped 6.41%, trading within a descending trend channel. The decline is likely driven by the uncertainty and negative sentiment surrounding the SEC allegations. The daily price chart for CRYPTOCAP:IMX shows a bearish harami pattern, which typically signals increasing selling momentum. If this trend continues, IMX could potentially test the crucial support level at $0.90. This level may serve as a cooling-off point, offering a chance for the token to consolidate before determining its next direction. Moreover, it is worth noting that IMX’s price movements are often correlated with Bitcoin. Currently, Bitcoin has struggled to maintain upward momentum, retreating from the $75,000 pivot and dipping to $68,000. This broader market pressure could exacerbate the downward trend for IMX, especially if Bitcoin fails to stabilize. Implications and Market Sentiment The SEC’s pursuit of Immutable underscores a fundamental risk facing the entire crypto industry: regulatory uncertainty. Token projects, especially those that engaged in early sales or complex transactions, are increasingly vulnerable to enforcement actions. If the SEC classifies CRYPTOCAP:IMX as a security, it could lead to further restrictions and compliance burdens, potentially affecting the token’s marketability and ecosystem development. However, Immutable’s proactive approach and public commitment to fight the SEC’s claims may bolster investor confidence in the long term. The outcome of this regulatory clash could set a precedent for how other blockchain-based gaming and NFT platforms navigate securities laws. Investors and market participants will be watching closely to see whether Immutable’s defense holds up. Conclusion Immutable’s battle with the SEC is far from over, and the stakes are high for both the company and the broader crypto market. While the regulatory environment remains challenging, Immutable’s determination to protect the CRYPTOCAP:IMX token and its ecosystem could inspire similar companies facing regulatory hurdles. On the technical front, traders should be cautious as CRYPTOCAP:IMX navigates a bearish pattern, but all eyes remain on the $0.90 support level and Bitcoin’s broader influence on the market. The coming weeks will be critical in shaping the narrative around CRYPTOCAP:IMX and the ongoing regulatory debate. Stay tuned for further updates as this story unfolds.
by DEXWireNews