$ORCL 126 AFTER EARNINGS NYSE:ORCL 126 AFTER EARNINGS
Strong Quarterly Earnings: Oracle has shown strong financial performance in the recent past, with its stock price soaring after reporting results that beat analysts' expectations and highlighted its position amid the AI boom. This indicates a positive market response to its financial performance, which could lead to a higher stock price in the future.
Increased Price Targets by Analysts: Analysts have increased their price targets for Oracle, with some predicting a potential rise to $126.
These optimistic forecasts suggest that the market and analysts have confidence in the company's future growth and performance.
Positive Market Sentiment: The market's response to Oracle's earnings reports has generally been positive, with the stock price rising after strong earnings reports. This suggests that if Oracle continues to report strong earnings, the market could respond positively, potentially pushing the stock price towards $126.
High Growth Potential: Analysts predict that Oracle's earnings and revenue will grow significantly over the next 3 years. This high growth potential could attract investors and drive up the stock price.
Market Leadership: Oracle is a market leader in cloud computing and database software. Its strong market position and broad scope of offerings could contribute to its continued growth and success, potentially leading to a higher stock price.
Positive Industry Outlook: The cloud computing and database software industries are expected to continue growing, driven by the increasing need for digital solutions and data management. As a leader in these spaces,
Oracle is well-positioned to benefit from this industry growth.
AI-Related Gains: Oracle has been highlighted for its position amid the AI boom, indicating its potential to benefit from the growing demand for AI-related services and solutions.
EURUSD
Bullish bounce?EUR/USD is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 1.0456
Why we like it:
There is a pullback support level.
Stop loss: 1.0401
Why we like it:
There is a pullback support level.
Take profit: 1.0527
Why we like it:
There is an overlap resistance level.
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EURUSD to make a bullish breakout after the Fed.On Wednesday the Fed will announce the new rate and the anticipation of this event largely explains the recent consolidation of EURUSD.
Since the November 22nd bottom, it has turned sideways around the MA50 (4h), failing to cross above the MA200 (4h), which is the main Resistance of the bearish wave since October 1st.
The July-October 2023 bearish wave was under a similar consolidation but eventually broke to the upside and hit the 0.618 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.08700 (the 0.618 Fibonacci level).
Tips:
1. The RSI (4h) has been rising inside a Channel Up, which is a bullish divergence also very much like the October 2023 bottom.
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EURUSD BUY | Idea Trading AnalysisEURUSD is moving in an UPWARD channel.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
EURUSD Massive Long! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0502
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0548
Recommended Stop Loss - 1.0476
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPAUD Analysis And Next Market MovePair Name = GBPAUD
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPAUD has completed the retesting period. Now her getting a good volume. Expecting here 200 Pips + gain
GBP is getting stronger day by day. Getting good bounce from this support level.
Bullish Target:-
2.050
2.040
XAU/USD : LONG, SHORT, LONG! (READ THE CAPTION)Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price failed to maintain its bullish momentum yesterday. With news favoring the dollar index, gold experienced further declines, reaching $2664 so far. Now, we can expect an upward correction, likely followed by another drop before gold resumes its rally towards levels above $2700. This analysis will be updated further, so stay tuned and follow step by step!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Scenario on EURUSD 11.12.24In this analysis, I think there are two possible scenarios and that is a long set up if we stay above the price range around 1.06100-1.06400, but if we do not break through this price range, then I would rather focus on some short set up, we will see the situation is not very visible at the moment.
EURUSD: Short-term trade Before Retail SalesHello Traders,
Due to longer term Bearish Trend in the pair I'm more with the Red Path, However, we have to follow the market!
Any Breaks below the channel and 1.0500, may head the price to 1.0468.
Any Breaks over the zone, could make us see the 1.0577.
We should close our trader before Retail Sales release on Tuesday.
EURUSD BUY | Idea Trading AnalysisEURUSD is moving on support zone
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
EURUSD M30 I Bullish Rise?Based on the M30 chart analysis, we can see that the price is falling to our buy entry at 1.0488, which is a pullback support that aligns with the 78.6% Fibo retracement.
Our take profit will be at 1.0521, a pullback resistance.
The stop loss will be placed at 1.0465, which is a pullback support level.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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Reverse Head and Shoulder patten forming in EURUSD DailyTechnical Analysis:
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A reverse head and shoulder pattern has formed in EURUSD, if the price action continues to go up, it can gain ~300 pips.
The neck line, left and right shoulders and the head of the H&S pattern are previous significant levels (means support or resistance in past).
Fundamental Analysis:
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1) Santa Clause Rally :
For whatever reason the stock market keeps going up in December, and USD should depreciate against major currency pairs including EUR
2) The VIX Index has gone down significantly due to the ceasefire between Israel and other parties
There are other factors like Trump administration would consider crypto as mainstream currency, which would depreciate USD. But that might happen in 2025, we should see the H&S happening in December if the price action continues in the same/upward direction.
Note: A trade idea I post here is also my trading journal.
AUDJPY - Growing SHORTS! Big Move Ahead!In one of our last AUDJPY analysis, we indicated that price looked foppish. Since then, we've had almost a 2000pip drop!
That big drop can be marked as wave 1 in our new bearish impulsive trend.
We are now in Wave 2, which is an ABC correction. We have completed Wave A (3 waves). We are now in Wave B (3 waves). We're currently in subwave b of wave B. Expecting subwave c to appear very soon.
Trade Idea:
- Watch for bearish price action on lower timeframe
- You can use trendline break, fibs or BOS to find the reversal point
- When entered, put stops above subwave B.
- Target: 91 (750pips)
4Week Chart
Goodluck and as always, trade safe!
See our previous setups below:
NEW IDEA FOR EURUSD In the technical analysis of EUR/USD, if the resistance at $1.0525 holds and the price fails to break above this level, a decline towards the support at $1.0414 is likely. The short-term downtrend within the outlined channel also reinforces this scenario.
In this situation, selling pressure could push the price towards the key support, but if the resistance at 1.0525 breaks, the analysis will need to be revised.
EURUSD: the FOMC week aheadThe most important event for the eurusd currency pair during the previous week was the ECB meeting, where euro interest rates were cut by another 25 basis points, bringing the deposit rate to 3%. In an after the meeting address to the public, ECB president Lagarde noted that more cuts might come in the early 2025, which will set the euro rates to neutral. Analysts are noting that this cut represents further ECB efforts to cope with both inflation and weakening of the Euro Zone economy. As for other macro data published during the week, the inflation rate in Germany final for November was -0,2% for the month and 2,2% on a yearly basis. Trade balance in Germany in October was positive with euro 13,4B, a bit lower from the market consensus of euro 16B.
Inflation data in the US were published during the previous week. Inflation reached 0,3% in November for the month, and 2,7% on a yearly basis. At the same time, core inflation was standing at 0,3% in November and 3,3% for the year. The Producers Price Index in November was 0,4% while core PPI was standing at 0,2% for the month.
The currency pair started the previous week by shortly testing the 1,06 resistance line, but soon switched to the downside. The lowest weekly level reached was 1,045. The eurusd is ending the week at the level of 1,05. The RSI modestly reached level of 41, but still is not ready to cross the 50 line and move further toward the overbought market side. The MA50 continues to diverge further from its MA200 counterpart, without an indication over a potential cross anytime soon.
The week ahead brings the FOMC meeting on December 18th, when the Fed will decide on the future course of interest rates. The market is expecting to see another 25 bps cut. This might impact some higher volatility on the market. As per current charts, there is some probability that eurusd might test 1,06 resistance level for one more time, but there is higher probability that the currency pair will turn back toward the 1,04 support level.
Important news to watch during the week ahead are:
EUR: HCOB Manufacturing PMI flash for December in Germany, Ifo Business Climate in Germany for December, Balance of trade in the Euro Zone in October, ZEW Economic Sentiment Index in Germany in December, Inflation Rate final for November in the Euro Zone, GfK Consumer Confidence in Germany for January, PPI index in November in Germany.
USD: Retail Sales in November, Industrial Production in November, Building Permits preliminary in November, FOMC Meeting and economic projections, Fed Press Conference scheduled for December 18th, GDP Growth Rate final for Q3, PCE Price Index in November, Personal Consumption and Spending, Michigan Consumer Sentiment final for December.
EURUSD Bottom formation in progress. Strong Buy.The EURUSD pair has been trading within a nearly 2-year Channel Down. Being below the 1D MA50 (blue trend-line) since October 02 2024, this is technically still the pattern's Bearish Leg.
However, having bottomed on November 22 and transitioned into a (dotted) Channel Up, this is the technical bottom formation of the long-term Channel Down and the rise following a 1D MACD Bullish Cross from such a low level (the lowest in 2 years), confirms that.
The similarities with both previous bottom formations (September - October 2023 and February - March 2023) are obvious, all of them triple bottomed before rebounding above the 0.786 Fibonacci retracement level.
As a result, buying now and targeting 1.08765 (Fib 0.618) is an excellent long-term trade in terms of R/R.
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EURUSD Potential for up trend continuationEUR/USD rebounded from a support level, influenced by impactful news surrounding the Euro. The market remains in a consolidation phase as the year-end approaches, likely staying within last week’s trading range. A rejection signal at the support level and the downward trendline could indicate potential upward movement, suggesting oscillation within the consolidation zone’s highs and lows. The recent breakout from a falling wedge pattern points to a possible rise. The target resistance zone for this movement is around 1.05620