Community ideas
Bearish reversal?GBP/CAD is reacting off the resistance level which is a pullback resistance that lines up with the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.77176
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement.
Stop loss: 1.78211
Why we like it:
There is a pullback resistance level.
Take profit: 1.76227
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
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Nuls | Simple Signal (Volume Breakout — 185% BU-Pot.)Let's keep it simple... Just notice the trading volume yesterday (19-August) on this daily NULSUSDT chart. A very strong "volume breakout."
Trading volume, suddenly, becomes the highest since early 2024. Notice that this is happening as the rest of the altcoins market goes bullish (marketwide correlation) as well as after the C wave of a classic EW ABC correction.
👉 This indicates that there is potential for growth.
I am showing two targets on the chart, 137% and 186%... But it can go higher, much, much higher... You've been warned!
Namaste.
Best Currency Pairs to Trade at NightBest Currency Pairs to Trade at Night
In forex trading, time is of great importance. The forex market operates 24/5, and it is divided into different trading sessions, including Asian, European, and North American. Each session has its own unique characteristics, and their overlap can impact activity and volatility.
Night trading presents both opportunities and challenges. To make the most of night hours, it is important to identify the best forex currency pairs to trade during this period. This FXOpen article will delve into the world of night trading, exploring the key elements affecting it and offering valuable insights.
Factors Impacting Nighttime Forex Trading
Time is a critical factor in forex trading because it influences market conditions, liquidity, and volatility. Traders consider the timing of their trades and adapt their strategies accordingly to maximise opportunities while managing risk.
Market Hours Around the World
Nighttime forex trading coincides with different market sessions. The primary session during the night for European traders is the Asian session (Sydney and Tokyo sessions). In addition, although the New York session is not technically a night session, the latter part of it often moves into the night.
The North American trading session, which includes markets in New York, Chicago, and Toronto, aligns with the evening and night hours for Australian traders. The European session overlaps with the late evening and early morning hours for Australian traders. This overlap is where traders can find significant trading opportunities.
Liquidity During Different Sessions
Nighttime trading sees lower liquidity compared to the major sessions, but this doesn’t mean it’s devoid of opportunities. Major forex pairs, for example, tend to remain relatively liquid, ensuring traders can enter and exit positions with ease.
Also, liquidity differs depending on the currency pair. For Europe, pairs with Asia-Pacific currencies (e.g. Japanese yen, Australian dollar, and New Zealand dollar) will have more liquidity at night. Meanwhile, for Asian and Australian traders, pairs with the USD and European currencies will be more liquid in the overnight hours.
Volatility Patterns
Night trading often sees more stable price movements than day sessions. Traders seeking smoother trends and reduced risk often find night trading attractive. Night traders analyse and react to the information accumulated during the day sessions. This allows for more methodical and less impulsive trading decisions, which also contributes to price stability.
Economic Events and News Releases
Despite the quiet hours, economic events and news releases can still impact nighttime trading. Keep an eye on economic calendars to avoid unexpected surprises and capitalise on market reactions.
Best Currency Pairs to Trade at Night
The choice of the best forex pairs to trade at night depends on your trading strategy, risk tolerance, and preferences. However, some currency pairs are generally considered more suitable for this. Here are some popular forex pairs to consider.
Major Currency Pairs
Major forex pairs, such as EUR/USD (Euro/US dollar), USD/JPY (US dollar/Japanese yen), and GBP/USD (British pound/US dollar), remain attractive options for night trading due to their liquidity and stable price movements. As these are the most traded pairs in forex, many market participants favour them.
Cross Currency Pairs
Cross currency pairs, like EUR/GBP (Euro/British pound), EUR/JPY (Euro/Japanese yen), and AUD/JPY (Australian dollar/Japanese yen), can provide diversification and trading opportunities during the night. They might exhibit different volatility patterns from major currency pairs.
Exotic Currency Pairs
While exotic currency pairs can be riskier, some traders find them intriguing during the night. You can consider, for example, USD/SGD (US dollar/Singapore dollar), USD/TRY (US dollar/Turkish lira), or EUR/TRY (Euro/Turkish lira). These are among the most volatile pairs in forex, and they often experience substantial price swings, offering the potential for higher profits.
Trading Strategies for Nighttime Trading
Trading strategies for night trading require careful consideration of market conditions and trader preferences. Below are a few trading strategies suitable for night trading.
Scalping
Scalping is a short-term strategy that allows traders to capitalise on small price movements. This strategy can be effective, as news that comes out at night can create more volatility in the market, which is the main benefit for scalpers.
Swing Trading
This approach involves capturing medium-term price movements. This strategy provides opportunities to identify and enter positions that can be held overnight or for several days. By using swing trading, traders reduce risks of price fluctuations that can affect day traders and scalpers. Swing traders typically need to conduct technical analysis to know when it’s best to enter and exit a trade.
Carry Trading
Carry trading utilises the difference in interest rates between currency pairs. Traders earn interest on the currency they buy (the currency of the country with a higher interest rate) and pay interest on the currency they sell (the currency of the country with a lower interest rate). For night trading, traders may look for pairs with favourable interest rate differentials and hold positions to accumulate interest income.
Range Trading
Range trading involves identifying price ranges or support and resistance levels and trading within those boundaries. During the night, many currency pairs consolidate within narrower ranges, making range trading an appealing strategy.
Risk Management Techniques
Regardless of the trading strategy, setting stop-loss and take-profit orders is crucial. They help limit potential losses and lock in profits. You can also consider managing your risk through proper position sizing. The theory states that you shouldn’t risk more than you can afford to lose in a single trade.
Another smart idea is to diversify your portfolio and trade different currency pairs to spread risk. Before entering a trade, a good way to go is to evaluate the risk-reward ratio. A favourable ratio ensures that potential gains outweigh potential losses.
Final Thoughts
To identify the best currency pairs to trade today, it’s crucial to conduct technical and fundamental analysis. The TickTrader platform can help you with the former, as there you will find the most advanced analysis tools, graphs, and more. To assess external factors, use news resources and analyses by experts, which you can find on our blog. You can open an FXOpen account and start trading tonight.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Bitcoin to 68k - Bull flag** short term analysis - daily chart **
24 days have passed since RSI entered a downtrend channel. The channel resistance has now printed a breakout at the same time as price action from its resistance.
A bull flag print has now confirmed with the downtrend in price action. A measured move takes price action to the 68k area by the end of the month.
Is it possible price action continues to correct? Sure.
Is it probable? No
Ww
ARM: Approaching an inflection point. | 1H & D Chart Analysis |On the 1-hour chart, the price is moving within an ascending channel, marked by the two purple trendlines. The price has been consistently making higher highs and higher lows, indicating a strong short-term uptrend.
However, it’s currently approaching the lower boundary of the channel, which coincides with the 21-hour EMA. This area could act as double support, and a bounce from here might lead to another attempt to reach the upper boundary of the channel.
If the price breaks below the channel, it could signal a short-term reversal, leading to a potential test of the recent low around $97.76, which is its most important support level.
On the daily chart, after a significant drop, the price has started to recover. The 21-day EMA is still sloping downward, indicating that the broader trend might still be under pressure. What's more, thihs 21 EMA is acting as a resistance level for ARM, as it failed to break it last week.
Could ARM reverse the mid-term bearish sentiment? Yes, but it needs to break the 21 EMA (D) asap. If the price stays inside the ascending channel observed on the 1h chart, even better.
By turning bullish, the open gaps (yellow squares) will become our next targets.
Summary
Support Levels: Watch the lower boundary of the channel on the 1-hour chart.
Resistance Levels: The immediate resistance is at 21 EMA on the daily chart, with the upper boundary of the channel on the 1-hour chart also acting as a potential resistance.
We should be cautious of a break below the ascending channel, as it could indicate a short-term reversal, while a sustained move above 21 EMA on the daily chart could suggest a more prolonged recovery.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Fed’s Powell to Address Rate Cuts at Jackson Hole: What to KnowThe annual Jackson Hole Monetary Policy Symposium takes place this week. Jay Powell, head of the Federal Reserve, will step up to the podium on August 23 and shed light into the central bank’s interest rate-cut timeline. His words will echo around global markets and either propel stocks higher on rate-cut optimism or knock them down if the outlook turns gloomy in the lead-up to the Fed's rate-setting meeting on September 18. No in-between.
The most exclusive retreat in central banking — the Jackson Hole Monetary Policy Symposium — is gathering top bankers, economists, financiers and other financial heavyweights for three days of idea swapping, hint dropping and market popping (hopefully.)
What’s Jackson Hole?
Every August, the top dogs in global finance trade their suits for some Wyoming flannel and gather at Jackson Hole. Hosted by the Kansas City Fed since 1978, this is the forum to brainstorm the future of monetary policy and send it out to traders ready to absorb every word. It’s like summer camp for the financial elite, except the campfire stories can crash markets or send them soaring.
When the Fed Chair speaks here, the world listens. Major policy shifts have been telegraphed at Jackson Hole, from hints of rate hikes to the next round of quantitative easing. If you’re trading, you can’t afford to ignore what’s said — or not said — in these mountain-side discussions.
Highlights from Past Forums
2010: Ben Bernanke, then Fed Chair, hinted at QE2, a measure to spur growth and keep prices steady through bond purchases, and the markets took off like a rocket. Were you long? Because it was a good time to be long.
2020: Jerome Powell unveiled a major shift in Fed policy towards average inflation targeting. The central bank was more inclined to tolerate inflation above the ideal 2% target before it started pumping interest rates.
Expectations for This Week’s Gathering
This week’s Fed event will be especially meaningful and consequential. The Fed boss is slated to present his keynote address on August 23. Jay Powell, the man who moves markets with a simple “Good afternoon,” has a lot to break down.
Inflation has been going down recently. The latest figures show the consumer price index for July slipped under the 3% mark for the first time since 2021.
Consumer spending remains resilient. The retail sales report, again for July, showed that the mighty American shopper upped spending by 1% , topping expectations.
The labor market, however, got way off the beaten path. Just 114,000 new jobs were created in July. This is also what caused the global market shake-up that sent ripples through every asset class — from stocks to crypto and beyond.
Against this economic backdrop, Jay Powell will be moving markets and making headlines as he delivers his remarks. Front and center is some sort of further confirmation of an expected interest rate cut — already communicated and most likely already priced in.
The question now is not if, but by how much interest rates are getting trimmed. Analysts expect borrowing costs to go down either by 25 basis points or a bigger, juicier 50-basis-point cut. And here’s what each one of these means and what’s at stake.
If the Fed chooses to cut rates down by 25bps, it risks not doing enough to prevent the economy from tipping into a recession. Higher rates for longer make it more difficult for businesses to borrow and drive growth.
But if the Fed chooses to cut rates by too much — a jumbo 50bps cut — it runs the risk of reigniting inflation and, what’s even more, fueling another speculative bull run in the markets. Low rates make money less expensive as loans cost less.
The expansive monetary policy measure of cutting interest rates aims to boost economic growth both on the business level and the consumer level. Companies take out loans to expand their operations, build new stuff and hire more workers. And the average consumer finds it easier to get a mortgage or buy a new car (or some Bitcoin ?).
Overall, more money is spinning around, creating opportunity and offering liquidity for deals across markets.
Brace yourselves as Jay Powell gets ready to drop some hints and prepare the audience for the Fed’s next meeting coming September 17-18. The markets may very well be heading into a rollercoaster few weeks as they try to predict the scale of interest rate cuts. Are you getting ready to pop a trade open this week? Share your thoughts and expectations below!
Natural gas is the downtrend resuming? Nat gas still fits all the criteria for a large downtrend.
Lower highs & Lower lows are still in place on the weekly timeframe.
This obviously swings probabilities in favour of lower price.
However historically were still at some oversold levels.
Just because this asset is oversold honest mean it can't go lower.
Im watching the daily 50MA & 200MA closely...do we get the death cross formation to occur again?
Usually this signal provides a near term bounce but medium term decline.
BTC Bullish Target $70K vs. Bearish Drop to $41K | ICTIn this video, I dive deep into two potential scenarios for the market:
A bullish scenario targeting $70,000 and a bearish scenario pointing towards $41,000.
I explore the concept of a smart money reversal and the market maker sell model to provide a detailed analysis of possible price movements.
Additionally, I discuss the bearish price structure and what it could mean for the market in the near term. Whether you're bullish or bearish, this analysis will help you understand the key levels to watch and the strategies that may unfold.
I would love to get some feedback! 🔥
Dow Theory: A Guide to Trend FollowingThis is a follow up idea from my recent idea about a trade setup on the Nasdaq that I thought was an excellent opportunity due to the major trend break that had lasted nearly a full year. We'll see if that ends up working out for me or not. I think it's too soon to say, but as of now it did break above and close above the line on Friday.
This is a short version with some more examples, but you can check out the last video along with most of my ideas because they almost all include trend analysis. I think the power of using Dow Theory and basic trendlines is often overlooked. This is why my charts don't have indicators on them, trend following is all I need to be profitable. There are many ways to trade and all kinds of strategies you can make money with, but this is how I do it and it's how legends like Jesse Livermore did it over 100 years ago.
Mastering the Moving Average: The Trendspotter for Every TraderTradingViewers, this one will take you back to basics. In this Idea we visit a tool that’s as essential as your morning coffee — the Moving Average (MA). This indicator is the market’s smoothing instrument, ironing out the noise and letting you see the trend for what it really is.
What’s a Moving Average?
Think of the Moving Average as the market’s highlight reel. It averages out price action over a specific period, showing you where the market’s been and giving you a clue about where it might be headed.
It’s the ultimate trendspotter, cutting through the daily chatter to reveal the bigger picture. Day traders and scalpers, don’t fret — it works on intraday time frames, too.
Types of MAs
Simple Moving Average (SMA): The old-school classic. It’s as straightforward as it gets — just an average of days you specify — 7, 9, 21, 50, 100, or even 200 days — that’s called “length”. This tool might be simple, but it’s a mainstay indicator for professional traders, institutional investors, and other big-shot money spinners.
Exponential Moving Average (EMA): The turbocharged version of the SMA. It gives more weight to recent prices, meaning it reacts quicker to the action. If the SMA is a steady cruise, the EMA is a sports car with a little more kick.
How to Use Moving Averages
Spotting Trends : The Moving Average is your trend-checking buddy. Prices above the MA? We’re in bull territory. Prices below? Looks like the bears are in control. Slap it on any time frame — it’s the same rules regardless of the time horizon.
Support and Resistance : MAs are like the guardrails of the market. They often act as support during uptrends and resistance during downtrends. When price bounces off an MA, it’s like a boxer bouncing off the ropes — watch for the counterpunch!
The Golden Cross & Death Cross : Now we’re talking setups that get traders buzzing. When a short-term MA crosses above a long-term MA, you get a Golden Cross – the market’s flashing a buy signal party. But when the opposite happens, it’s a Death Cross, and the bears start licking their lips.
Moving Average Crossover : Want some trading action? Watch for crossovers between short and long MAs. For example, throw in your chart a 50-day moving average and then top it up with a 100-day and a 200-day line. If they all cross over to the upside, you can expect a swing higher. And if they cross over to the downside, you can anticipate a swing lower.
Pro Tip: Tune Your Moving Average
Jot these numbers down — 20, 50, 100, 200 — these are the MA settings you’ll see most, but don’t be afraid to tweak them. A shorter MA (20 or 50) reacts quicker but can whipsaw you. A longer MA (100 or 200) is steadier but might be slower to catch reversals. It’s all about finding the balance that suits your trading style.
Bottom Line
The Moving Average isn’t about predicting the future — it’s about seeing the present more clearly. It’s the difference between getting lost in the noise and riding the trend with confidence. Whether you’re trend-following or looking for a noiseless entry, the MA is your go-to indicator.
So slap that Moving Average on your chart and let it take you beyond the clutter. Because when the market’s moving fast, it pays to have a steady hand guiding your trades. And as essential as MAs are, don't limit your analysis to just one tool: apply several indicators on your chart to spot trends more effectively and enhance your research with data from the economic calendar , screeners, heatmaps, and all kinds of tools available on TradingView to have a bigger picture of market activities.
Are you already using MAs in your charting and trading? Let us know in the comments below!
Bitcoin & Ethereum Approaching Decisive Levels!In this video, I dive into the current status of Ethereum and Bitcoin. I discuss why both tokens are approaching decisive levels. Moreover, I also highlight what might happen in case Ethereum and Bitcoin can't manage to stay above these level.
Enjoy and let me know your thought!
NVDA - Short Term Update - $118 Resistance - 08/15/2024NVDA is currently at the $118 resistance we discussed previously. I've moved that position to cash for the time being. Swinging some options in case we do get continuation to the upside, though. I'd like to see NVDA come back to $100 where I'd be buying back my equity but for now, just waiting to see what the price action does.
Short term upside targets if we break out of 118 would be 125, 130, 132.
To the downside, I'd see 112 as the first support, then 106 before ultimately seeing 100.
Taking profit felt good, now I will patiently wait for the market to do something on this historically bearish time period. August on average has a -4.45% return on the S&P since 1950, and Aug/Sep combined is an average return of -5.8%. October tends to be the best month to be a buyer with an average return of 4% after 2 months and 6% after 6 months.
Stock Market | TSLA NVDA AAPL AMZN META GOOG MSFT AnalysisQQQ Forecast
Sp500 ETF analysis
Nvidia Stock NVDA Forecast Technical Analysis
Apple Stock AAPL Forecast Technical Analysis
Microsoft Stock MSFT Forecast Technical Analysis
Google Stock GOOGL Forecast Technical Analysis
Amazon Stock AMZN Forecast Technical Analysis
Meta Forecast Technical Analysis
Tesla Stock TSLA Forecast Technical Analysis
AST SpaceMobile (ASTS) Analysis: Multi-Timeframe BreakdownYet another great week traders and yet another analysis for us to look at today. I've been closely watching AST SpaceMobile (ASTS) across the weekly, daily, and 15-minute timeframes, and there’s a lot happening here. Let’s break it down:
Weekly Chart
On the weekly chart, ASTS has absolutely exploded. We're looking at a massive 50%+ gain this week alone. My Deno LinReg Candles are showing a steep upward trajectory, which aligns with this strong bullish move. The price has surged well above the MA21, and the momentum is clearly in favour of the bulls.
The RSI is sitting deep in the overbought territory, which is a signal that we might see some cooling off soon. However, in such strong uptrends, overbought conditions can persist longer than expected.
Key Support: The closest support on the weekly chart is around $19.36, but the way this stock is moving, we could see new levels of support form higher up if the bullish trend continues.
Key Resistance: There’s no immediate resistance in sight since we’re in breakout territory, but psychologically, round numbers like $35.00 or $40.00 could act as resistance.
Daily Chart
Moving to the daily chart, ASTS has continued its bullish run, with the price extending far beyond the upper band of the CPR. This is indicative of a strong trend, but it also suggests that we might be due for a pullback or at least some consolidation soon.
The MA21 is acting as solid support, and as long as we stay above this level, the trend remains bullish. The RSI on the daily chart is also in overbought territory, so we need to keep an eye out for any signs of weakness.
Key Support: Immediate support on the daily is around $22.68, with stronger support at $19.88, which is near the MA21.
Key Resistance: We’re in uncharted territory, but again, look out for psychological levels as potential resistance.
15-Minute Chart
Zooming in on the 15-minute chart, things are cooling down a bit. After that massive run, the price is starting to consolidate, which is healthy after such a big move. My Deno LinReg Candles are starting to show some mixed signals, indicating that we might see a range-bound market in the short term.
The price is currently hovering around the MA21 on this timeframe, and if it holds, we could see another leg up. However, if it breaks down, we might revisit the lower band of the CPR.
Key Support: Immediate support is at $29.82, with stronger support around $28.00.
Key Resistance: The next level to watch is $31.36, which was the recent high.
Forecast and What to Expect
Looking ahead, ASTS is in a strong uptrend on the higher timeframes, but with the RSI being overbought on both the weekly and daily charts, we could see some profit-taking or a pullback soon. On the daily and 15-minute charts, I’ll be watching to see if the price can hold above the MA21. If it does, the bullish momentum could continue, potentially pushing ASTS to new highs.
However, if we start to see signs of weakness, particularly on the 15-minute chart, I wouldn’t be surprised to see a pullback to those key support levels I mentioned.
Stay tuned, and let’s see where this rocket ship takes us!
BTC Long - Comparing to Global M2GLOBAL MONEY SUPPLY vs CRYPTO Relation
Global Money Supply Breaking Upwards
has historically led to
All of Crypto Breaking Upwards CRYPTOCAP:BTC CRYPTOCAP:SOL CRYPTOCAP:ETH etc
Right now, Global Money Supply (Global M2) is breaking upwards to new all-time highs.
Publishing to follow, as I am relatively 'newer' at using macro tools such as Global Money Supply (Global M2) in relation to projecting crypto greater cycles
Cheers
-@CryptoCurb
EURUSD: An In-Depth Analysis and Timeless Trading Strategy👀 👉 The EUR/USD pair is the most traded currency pair in the world, and in this video, I take you through a comprehensive analysis of this highly liquid market. I also present a trade idea that can be considered for today. However, the concepts and strategies discussed are not limited to a single session—they can be applied at any time in the future across various market conditions.
In this video, we explore the key features and benefits of TradingView, highlighting some of the essential tools I use in my day-to-day analysis. Whether you're a seasoned trader or just starting out, these tools can enhance your market insights and trading precision.
We delve into critical concepts such as trend analysis, market structure, price action, and the methodology for pinpointing precise entry points on any given trading day. This strategy is not just a one-time trade idea; it’s a robust approach that can be utilized across different currency pairs, making it a versatile addition to your trading toolkit.
Please note that while this analysis is thorough, it should be used as part of a broader trading strategy that takes into account your personal risk tolerance and financial goals. Trading in the currency markets carries inherent risks, and it's important to approach it with a clear understanding of those risks.
Comparing Different Financial MarketsComparing Different Financial Markets
In trading, understanding the types of international financial markets is crucial. This article offers a comprehensive market comparison of the stock, forex, commodity, crypto* and bond arenas. You’ll learn the importance of these financial markets and what it takes to navigate each one effectively.
Stock Market
The stock market is a financial marketplace where traders and investors can buy and sell shares of publicly traded companies. By purchasing a stock, an investor essentially owns a slice of the company, and their investment's value moves in tandem with the company's performance.
- Risk: Stocks can be volatile, subject to market sentiment, economic indicators, and company performance. Risk varies widely among different types of stocks.
- Income Potential: Day traders aim for short-term gains, while long-term investors often seek stocks that offer dividends or high growth potential.
- Knowledge: A solid understanding of market trends, company fundamentals, and technical indicators is beneficial for effective trading.
- Liquidity: Most stocks, especially those listed on major exchanges, have high liquidity, allowing for quick entry and exit.
- Costs and Fees: Costs can include brokerage commissions, although many online platforms now offer zero-commission trading.
- Trading Hours: Generally restricted to weekdays, opening and closing at set times, with after-hours trading being possible but less liquid.
Forex Market
The forex market is the global marketplace for buying and selling currencies. Traders pair two currencies, like EUR/USD, and profit from the fluctuations in exchange rates.
- Risk: Forex trading can be highly volatile and is considered riskier than stock trading, influenced by geopolitical events, interest rates, and economic data.
- Income Potential: High leverage can amplify gains but also increase risk. Many traders seek to profit from short-term fluctuations.
- Knowledge: Understanding of macroeconomic indicators, geopolitical events, and technical analysis can be crucial for success.
- Liquidity: Extremely high, given the 24/5 operation of the Forex market.
- Costs and Fees: Typically lower than other markets, often involving spreads rather than direct commissions.
- Trading Hours: Operates 24 hours a day, five days a week, allowing for flexibility in trading times.
Commodity Market
The commodity market is one of the types of international financial markets where physical or virtual assets like gold, oil, or agricultural products are traded. These markets often act as a gauge for supply and demand conditions globally.
- Risk: Commodities can be quite volatile, influenced by global events, natural disasters, and political instability. Traders often hedge against other market risks by investing in commodities.
- Income Potential: Gains can be substantial but are also subject to dramatic shifts based on the factors mentioned above.
- Knowledge: Understanding of global economic indicators, supply and demand factors, and geopolitical events is critical.
- Liquidity: Varies widely depending on the commodity; for example, gold and oil are highly liquid.
- Costs and Fees: This can include brokerage commissions, futures contract fees, and costs associated with physical storage for some commodities.
- Trading Hours: Vary by commodity and exchange, but many have extended hours due to global demand.
Cryptocurrency Market*
The cryptocurrency market is a decentralised digital asset market that includes cryptocurrencies like Bitcoin, Ethereum, and various tokens. It's the newest and one of the most rapidly evolving financial markets.
- Risk: Extremely volatile, with prices subject to rapid fluctuations, sometimes within minutes. Regulatory concerns add another layer of risk.
- Income Potential: High potential for both short-term and long-term gains, but also significant risk of loss.
- Knowledge: Understanding of blockchain technology, market sentiment, and technical analysis is often crucial. Familiarity with regulation is also beneficial.
- Liquidity: Generally high for well-known cryptocurrencies but can be low for lesser-known tokens and coins.
- Costs and Fees: Vary by platform and may include transaction fees, deposit/withdrawal fees, and "gas" fees for certain types of transactions.
- Trading Hours: Operates 24/7, allowing for ongoing trading and the chance to react to market news or events.
You can head over to FXOpen's free TickTrader platform to explore the above-mentioned markets for CFD trading in real-time.
Bond Market
The bond market is a segment of the financial market where debt securities are issued and traded. Unlike the stock market, which is a part of the capital market, the bond market focuses on long-term debt instruments. This highlights the difference between capital markets and financial markets.
- Risk: Generally considered lower risk compared to stocks and commodities, although risk can vary depending on the issuer's creditworthiness.
- Income Potential: Lower yield compared to more volatile markets, but often offers more stable returns through interest payments.
- Knowledge: Understanding of interest rates, yield curves, and credit ratings is essential for bond trading.
- Liquidity: Varies depending on the type of bond; government bonds are usually highly liquid, while corporate bonds can be less so.
- Costs and Fees: Transaction costs are generally built into the bond's price, but some brokers may charge commissions.
- Trading Hours: Primarily traded over-the-counter (OTC), with some bonds available on exchanges. Trading hours can vary but are generally regular business hours.
The Bottom Line
In summary, the diverse features of financial markets offer traders a range of opportunities, from stocks and commodities to cryptocurrencies* and bonds. Armed with this knowledge, you're now equipped to navigate the markets with confidence. Want to put these insights into action? Consider opening an FXOpen account to kickstart your trading adventure.
*At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
9.35 and BeyondFavoring a rapid move higher in wave (iii) of {iii} of 3 through at least the 9.35 wave {b} of 2 high against the {ii} of 3 low of 5.10.
Aurora developed a flat in wave 2 and has since began to develop higher in what appears to be a series of first and second waves before the onset of a third wave at multiple degrees. Third waves typically travel the most distance in the shortest amount of time and I expect to see volatile and rapid upside while any downside should remain corrective. A violation of 5.10 would invalidate the pattern and likely signify further downside through 4.41.
ATOMUSDATOMUSD
Price Action:
Trend: The overall trend in the chart is bearish. After a peak in April 2023, the price has been making lower highs and lower lows, indicative of a downtrend.
Support and Resistance:
➢Support: There appears to be a support level forming around the $4.50-$4.80 range. The price has tested this level multiple times recently, showing some buying interest.
➢Resistance: Resistance is visible around the $7.00-$8.00 level, where the price previously bounced before continuing downward.
Bollinger Bands:
The Bollinger Bands are relatively wide, indicating higher volatility.
Price Position: The price is currently near the lower band, which could signal that the asset is oversold in the short term. This often suggests a potential bounce or a period of consolidation.
Middle Band (20-day SMA): The price is below the middle band, reinforcing the bearish sentiment.
Volume:
Recent Volume: The volume has seen spikes during the price drops, indicating strong selling pressure. However, the most recent volumes are tapering off slightly, which could imply that selling pressure is weakening or that traders are waiting for a clearer signal.
Indicators & Signals:
Possible Reversal: If the price holds the support around $4.50 and starts moving upwards, it could signal a short-term reversal or at least a retracement towards the middle Bollinger Band (~$6.00).
Continuation of Downtrend: If the support breaks, we could see further declines, potentially testing lower levels not visible on the current chart.
Conclusion:
The chart shows a bearish trend with a key support level around $4.50-$4.80. The price is currently at the lower Bollinger Band, indicating it might be oversold in the short term. However, the overall sentiment remains bearish unless we see a significant change in price action, such as a break above the middle Bollinger Band or a significant volume spike with upward movement.
