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BTC Parallel Channel in Daily ChartOn the BTCUSD daily chart, we can observe that Bitcoin's price has been oscillating within a well-defined parallel channel. The upper trend line acts as resistance, while the lower trend line serves as support. This channel has been respected multiple times, making it a reliable indicator for future price movements. Key Observations : Resistance and Support : The upper trend line has consistently acted as a resistance level, limiting the upward movement of BTC. The lower trend line has provided strong support, preventing significant downward breakouts. Price Action: The price has touched the upper trend line many times, indicating a strong resistance level. Similarly, the lower trend line has been tested few times, confirming its role as a robust support level. Potential Breakout : A breakout above the upper trend line could signal a bullish trend continuation, leading to higher price levels. Conversely, a breakdown below the lower trend line might indicate a bearish trend reversal, resulting in lower price levels. Technical Indicators: To complement the parallel channel analysis, I have included the following technical indicators: 50-Day Moving Average (50 DMA): Provides a smoothed trend direction. 200-Day Moving Average (200 DMA): Indicates long-term trend direction and potential reversal points. RSI (Relative Strength Index): Indicates overbought or oversold conditions. Conclusion: The parallel channel on the BTC daily chart provides valuable insights into potential price movements. Traders should watch for a breakout above the upper trend line for a bullish signal or a breakdown below the lower trend line for a bearish signal. Additionally, keeping an eye on the included technical indicators can help confirm these signals and enhance trading decisions. Disclaimer : The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
INDEX:BTCUSD
by rukshan2102
ASI Weekly Chart Update - 29/04/2024Resistance Zone - 13300 to 13600 Support Zone - 11000 to 11275 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:ASI
by rukshan2102
GBPUSD_119 2024.11.01 07:01:11 Trading Signal BUYFrankPro Signal for GBPUSD_119 Type: Screen Signal: BUY TP: 1.29501 SL: 1.28917 Entry Price: 1.2899 Analysis for GBPUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Down ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair: **Short-term (next few days):** * The price is expected to go down. The bearish setup targets the level of 1.2900, and the failure to sustain above 1.3000 has led to a rebound downwards, indicating ongoing downward pressure. * The immediate outlook is cautious due to the ongoing bearish correction, and the pair may attempt to test the support area near 1.2975 before potentially continuing its decline. **Long-term (next few weeks/months):** * The overall trend is bearish, and the pair is expected to maintain its downtrend. The technical analysis highlights the importance of watching key levels, and any significant movements will be influenced by upcoming economic data releases. * However, if the pair can break out above 1.2990, it could potentially lead to a bullish reversal. Nevertheless, this is not the primary expectation based on the current analysis. In summary, the GBP/USD pair is expected to decline in the short-term, with a potential target of 1.2900. In the long-term, the pair is expected to maintain its downtrend, but a bullish breakout above 1.2990 could potentially lead to a reversal. Result: ST=Down LT=Down Analysis Method(1) Based on the provided analysis, here are my expectations for the GBP/USD exchange rate: **Short-term (next few days):** The price is expected to go down. The current bearish setup targets 1.2900, and the recent decline in the pound due to the UK's new budget announcement supports this expectation. Additionally, the technical analysis suggests that the GBP/USD will test the support area near 1.2975, which could lead to further downward movement. **Long-term (next few weeks/months):** The price is expected to stay the same or potentially go up. Although the current trend is bearish in the short term, the technical analysis mentions a possibility of continued growth after the support test at 1.2975. Furthermore, the GBP/USD rate had previously re-tested the 1.30 level, indicating that there is still some upward momentum in the market. However, this expectation is less clear-cut than the short-term expectation, and the price movement will likely depend on future market data releases, such as the PCE index. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair: **Short-term (next few days):** * The price is currently attempting to break through the lower boundary of an ascending price channel, which suggests a potential short-term downtrend. * The bearish setup targeting 1.2900 and the expected trading range of 1.2914-1.3050 also indicate a possible short-term decline. * However, the higher linear regression channel indicating an upward tilt suggests that the downtrend might be limited. **Expected short-term price movement:** Down (targeting 1.2900) **Long-term (next few weeks/months):** * The ascending price channel and the higher linear regression channel indicating an upward tilt suggest a potential long-term uptrend. * The bullish breakout anticipated at 1.2990 also supports a long-term bullish outlook. * However, the UK budget and tax hike announcement may continue to influence the pair's direction, potentially leading to further volatility. **Expected long-term price movement:** Up (with potential for further volatility) Please note that these assessments are based on the provided analysis and are subject to change as new market data and events become available. Result: ST=Down LT=Up
Long
by orbborisson
GOLD_115 2024.11.01 06:55:04 Trading Signal BUYFrankPro Signal for GOLD_115 Type: Screen Signal: BUY TP: 2795.02 SL: 2743.21 Entry Price: 2752.63 Analysis for GOLD Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Up LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, I will provide separate short-term and long-term forecasts for the price of XAUUSD (Gold). **Short-term Forecast (next few days to a week)** * The double-top formation at $2,790 may limit further gains for gold, indicating a potential pullback. * Technical indicators such as RSI, MACD, and ADX suggest a buy signal, but the STOCHRSI and Williams %R indicate overbought conditions, which may lead to a correction. * Upcoming election uncertainty and geopolitical factors could influence gold prices in the near term, potentially causing volatility. * Support levels at $2,718.33 and $2,716.94 may be tested if the price pulls back. **Expected Price Movement:** Down ( potential pullback to test support levels) **Long-term Forecast (next few weeks to months)** * Despite potential short-term pullbacks, the overall market sentiment remains bullish, with traders expecting gold to continue its upward trend. * A stronger EUR/USD is bullish for gold, and the metal's rebound in response to market sentiments suggests a positive long-term outlook. * The potential impact of a new BRICS currency on gold prices is still being discussed, but it may not have a significant effect on the price in the long term. **Expected Price Movement:** Up ( continuation of the long-term upward trend) Please note that these forecasts are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(1) Based on the analysis of the provided data, here is my assessment of the expected price movement of XAUUSD (Gold vs. US Dollar) for October 31, 2024: **Short-term Analysis (next 10 days)** * The technical analysis suggests a bullish sentiment, with the price above both the 50-day and 200-day simple moving averages. * The 14-day RSI is at 61.21, indicating neutral conditions but with a general bullish outlook. * The forecast predicts a potential rise in price to around $2,737.47 in the next 10 days. * Positive drivers, such as a stronger EUR/USD and the overall inflation rate in the United States, support the bullish sentiment. **Expected Price Movement (Short-term): UP** **Long-term Analysis** * The overall trend and sentiment suggest a bullish outlook for gold, with traders remaining bullish despite various influencing factors. * The resilience of gold prices in the face of election uncertainty and economic data releases indicates a strong underlying demand. * However, potential increases in U.S. interest rates and a weak U.S. consumer discretionary sector could impact gold prices negatively in the long term. **Expected Price Movement (Long-term): UP, but with potential volatility and pullbacks** In summary, based on the analysis, I expect the price of XAUUSD to go up in the short term, with a potential rise to around $2,737.47 in the next 10 days. In the long term, I also expect the price to go up, but with potential volatility and pullbacks due to various market drivers and influencing factors. Result: ST=Up LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for XAU/USD (gold) in both the short-term and long-term: **Short-term (next few days to a week):** * Expected price movement: Down * Reasoning: The technical indicators suggest a strong buy signal, but the Stochastic RSI and Williams %R indicate that the market is overbought. This suggests that a bearish price correction is likely in the short-term to test the support levels near $2,715.82, $2,716.94, and $2,718.33. * Potential price target: $2,715-$2,720 **Long-term (next few weeks to months):** * Expected price movement: Up * Reasoning: Despite the expected short-term correction, the overall sentiment is bullish, and the technical indicators (RSI, Stochastic Oscillator, and MACD) suggest a strong buy signal. Additionally, a stronger EUR/USD is seen as bullish for gold, which could support a long-term uptrend. * Potential price target: $2,850-$2,900 Please note that these predictions are based on the provided analysis and are subject to change as new data becomes available. It's always important to monitor market conditions and adjust trading strategies accordingly. Result: ST=Down LT=Up
TVC:GOLDLong
by orbborisson
Demand for Furkids on the rise .......I am bullish on this sector for the long haul and will be nibbling on this stock soon. Aging population, getting late to marriage and not having kids after marriage.......this combination will result in more singles, couples keeping furkids more than anything. Currently, the market is fragmented with pretty low entry and I believe over time, there will be some consolidation amongst the big boys. This trend is not only taking place in China but like Japan, Singapore, Korea and Thailand, I see a similar pattern.
SZSE:002891Long
by dchua1969
SILVER_110 2024.11.01 05:27:04 Trading Signal SELLFrankPro Signal for SILVER_110 Type: Screen Signal: SELL TP: 32.0835 SL: 32.983 Entry Price: 32.726 Analysis for SILVER Forecast Overall(Short-Term, Long-Term): ST= Probably Up LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Same LT=Up ST=Up LT=Up ST=Up LT=Up Analysis Method(0) Based on the provided data, I will perform a separate analysis for short-term and long-term expectations. **Short-term Analysis (Next 24-48 hours)** * The recent price movements show a slight correction, with silver prices extending losses for the second consecutive day, currently trading around $33.60. * However, the overall outlook remains firm due to uncertainty over the US presidential elections and potential inflationary policies. * Technical indicators, such as the 14-day RSI, remain bullish, indicating active momentum. * Support levels are plotted near $32.70, $32.50, and $31.90-$32.10, which may provide a cushion for the price. **Short-term Expectation:** The price is expected to stay the same or experience a minor correction, potentially testing the support area near $32.70. However, the overall bullish momentum may help the price to rebound and maintain its current levels. **Long-term Analysis (Next few weeks/months)** * The silver price surged to near $34.50 following weaker-than-expected US JOLTS Job Openings data, indicating a slowdown in labor demand. * The horizontal support at $32.50 and the upward-sloping 20-day EMA near $32.70 suggest more upside ahead. * The expectation for silver to recapture a fresh over 12-year high near $35.00 after breaking out of a three-day consolidation remains intact. * Economic data, including the US Q3 GDP, PCE data, NFP, and ISM Manufacturing PMI, will influence the Federal Reserve's monetary policy and, in turn, affect silver prices. **Long-term Expectation:** The price is expected to go up, potentially reaching a fresh over 12-year high near $35.00, driven by bullish technical indicators, supportive economic data, and uncertainty over the US presidential elections. Result: ST=Same LT=Up Analysis Method(1) Based on the provided analysis, here are my conclusions for the short-term and long-term outlook for the XAG/USD (silver) price: **Short-term Outlook (next few days to a week)** * The price is expected to go up, but with a slight caution. The current price is struggling to clear the $34.00 resistance level, but the RSI is in bullish territory, indicating positive momentum. * If the price breaks above $34.00, it could target the year-to-date high at $34.86 and then the October 2012 peak at $35.40. * However, there are mixed signals from various technical indicators, and some forecasts suggest that silver might attempt to test the support area near $32.70. **Long-term Outlook (weeks to months)** * The price is expected to go up. Some forecasts suggest that the XAG/USD rate could rise significantly in the coming weeks and months, with a predicted price of $38.45 by the end of the week and $41.99 in the longer term. * The overall sentiment in the XAG/USD market is estimated as bullish, with the 14-day RSI reading indicating overbought conditions. * Geopolitical instability and fears of a recession can also drive silver prices up due to its safe-haven status, supporting the long-term bullish outlook. Please note that these conclusions are based on the provided analysis and should not be considered as investment advice. The silver market can be volatile, and prices can fluctuate rapidly due to various market and economic factors. Result: ST=Up LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement of Silver (XAG/USD) for both short-term and long-term: **Short-term (next few days):** * The recent surge in silver prices was followed by a two-day correction, which might be a normal pullback after a strong move. * The technical analysis suggests that silver aims to recapture a fresh over 12-year high near $35.00, indicating a potential upside. * However, the upcoming US economic data releases (US Q3 GDP, PCE, NFP, and ISM Manufacturing PMI) may cause short-term volatility and potentially impact the price. * Given the current bullish momentum (14-day RSI in the 60.00-80.00 range) and the horizontal support at $32.50, I expect the price to stay around the current level ($33.60) or slightly increase in the short-term. **Expected short-term price movement:** Slightly Up or Sideways **Long-term (next few weeks/months):** * The overall market sentiment remains firm, driven by uncertainty over the US presidential elections and the potential for protectionist policies and inflation. * The expectation of former US President Donald Trump returning to power supports the demand for safe-haven assets like silver. * The technical analysis suggests a potential breakout above $35.00, which could lead to further gains. * Considering the long-term bullish trend and the supportive market sentiment, I expect the price to increase in the long-term. **Expected long-term price movement:** Up Result: ST=Up LT=Up
CAPITALCOM:SILVERShort
by orbborisson
12-18 months from now, HSI can hit 30,000, hahaThis is my prediction for 2025 where HSI still have room to rally..........The CCP is serious about shoring up their economy , already confident that they can hit the 5% target of GDP for 2024 and it's recent stimulus of 10 trillion. The two industries that I am banging on are the tech stocks - Meituan, Tencent, Alibaba, Baidu, etc or you can go for the HS TECH ETF , 3067 and if you like a broader index, the 2800 Tracker Fund ETF is also a good options with 3% dividend. The only downside is I think the property sector is struggling to find a bottom and there are lots of supplies issue that need to be taken care of. Time is needed to prop up this sector so I am not longing them for now, the timing is premature at this juncture. Nobody knows if Donald Trump victory will cause a dent in the HK/China stock market since he is blabbering about imposing the 60% tariff on Chinese imports. He is pro business so protecting the big boys in US but the tariffs if imposed will increase the costs to the end consumers in US. Somebody has to pay along the line, simple as that. China is doing all it can to spur up its domestic economy though the result has been quite disappointing at the moment. Let's see if the Singles Day event will help drive up the sales that is much needed in China. Already, we are seeing decreasing revenue sales from major US companies that derives 20-35% revenue from China - Apple, Starbucks, etc and the locals are going for more local brands as well. LVMH also recently reported bad sales figures for a few quarters ! We are now in the Phase 1 of the bull run in China and so long the stimulus is ongoing, the stock market will continue its rally. Any pullback of 10-15% is considered a good opportunity to accumulate/long. Please DYODD
HSI:HSILong
by dchua1969