Sell TURBO/USDT Triangle Breakout in H4The TURBO/USDT pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming Days. BINANCE:TURBOUSDT
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.0081
Target Levels:
1st Support – 0.0047
2nd Support – 0.0023
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Fundamental-analysis
SHOCKING! 40% tariffs on Chinese imports!According to a survey of economists by Reuters, the U.S. is considering imposing nearly 40% tariffs on Chinese imports early next year. Such measures could slow the growth of the world’s second-largest economy by 1%. Economists polled by the publication, both Democrats and Republicans, believe these changes will trigger massive disruptions in the U.S. and global economies, surpassing the impact of the trade wars during Trump’s first term. They warn this could ignite a “global trade war.”
During his presidential campaign, Donald Trump promised significant tariffs on Chinese goods as part of his “America First” trade policy. These potential tariffs, much higher than the 7.5%-25% rates of his first term, come at a vulnerable time for China’s economy, which is grappling with a prolonged real estate slump, debt risks, and weak domestic demand. Most economists predict Trump will impose the tariffs in early 2025, with an average estimate of 38% and projections ranging from 15% to 60%. These tariffs are expected to reduce China’s economic growth in 2025 by about 0.5-1.0 percentage points.
What could Trump’s policy lead to?
Chinese indexes: Chinese stock indexes like #ChinaA50 and the Hang Seng Index (#HSI) are expected to face downward pressure.
Chinese corporations: Key sectors such as electronics, automotive, and textiles—heavily reliant on exports to the U.S.—are likely to suffer the most. Major Chinese corporations, including #Alibaba and other leading players, could see their stock values decline. U.S. Indexes: American indexes like #SP500 and Dow Jones (#DJI30) might experience short-term volatility. Tariffs will raise costs for U.S. companies dependent on Chinese supplies, such as those in tech, automotive, and consumer goods sectors—companies like #Apple, #Tesla, and #Nike may face increased production costs. This could reduce profitability and potentially lead to stock corrections.
In the long term, however, the U.S. might benefit from the trade war, as it could boost domestic production, positively impacting American manufacturing stocks. FreshForex analysts predict a growth phase to begin in late Q1 2025 . At the same time, on November 14, investors sharply increased short positions in Asian currencies following Trump’s tariff announcements.
Sell GBP/CHF Bearish ChannelThe GBP/CHF pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.1186, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1110
2nd Support – 1.1072
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Fundamental Market Analysis for November 22, 2024 USDJPYHigher market sentiment and rising US bond yields are limiting the rise of the low-yielding yen.
The US Dollar is holding near its highest level in the last year and is providing support to the USD/JPY pair.
The Japanese Yen (JPY) attracted buying for the second day in a row following the release of slightly better-than-expected Japanese consumer inflation data. This came amid statements released on Thursday by Bank of Japan Governor Kazuo Ueda, which kept expectations of an interest rate hike in December. In addition, Japanese Prime Minister Shigeru Ishiba's 39 trillion yen economic stimulus package boosts the Yen and puts some pressure on the USD/JPY pair.
Nevertheless, the prevailing risk-on and higher US Treasury yields keep traders from aggressive bullish bets on the low-yielding Yen. Investors remain concerned that U.S. President Donald Trump's policies could lead to renewed inflation and force the Federal Reserve (Fed) to slowly cut interest rates. This has been a key factor in the recent rise in US bond yields, which has kept the US Dollar (USD) near yearly highs and provided support to the USD/JPY pair.
Trade recommendation: Watch the level of 154.00, trading mainly with Buy orders.
Fundamental Market Analysis for November 21, 2024 GBPUSDThe GBP/USD pair declined to 1.26500 during Asian trading on Thursday. This decline can be attributed to the weakening of the US dollar (USD). The US Dollar Index (DXY), which measures the value of the dollar against six major peers, is holding near 106.50 at the time of writing.
However, downside risk to the US Dollar may be limited due to cautious remarks from Federal Reserve (Fed) officials. Boston Fed President Susan Collins said on Wednesday that while further interest rate cuts are necessary, policymakers should proceed cautiously to avoid moving too fast or too slow, Bloomberg reported.
Meanwhile, Fed Chair Michelle Bowman emphasized that inflation has remained elevated over the past few months and stressed the need for the Fed to take a cautious approach to rate cuts.
The Reuters poll showed that nearly 90% of economists (94 out of 106) expect a 25 bps rate cut in December, which would bring the federal funds rate down to 4.25-4.50%. Economists forecast a slower rate cut in 2025 due to the risk of higher inflation as a result of President-elect Trump's policies. The federal funds rate is forecast to be 3.50-3.75% by the end of 2025, 50 bps above last month's forecast.
GBP/USD's upside potential seems restrained due to safe-haven flows amid the escalating conflict between Russia and Ukraine. On Wednesday, Ukraine fired a salvo of British Storm Shadow cruise missiles into Russian territory, marking the latest use of Western weapons against Russian targets. This came after Ukraine used U.S. ATACMS missiles the previous day.
Trading recommendation: Trade mainly with Sell orders from the current price level.
Buy AUD/JPY Bullish ChannelThe AUD/JPY pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 101.04, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 101.94
2nd Support – 102.54
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Sell NZD/CAD Triangle BreakoutThe NZD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.8240
Target Levels:
1st Support – 0.8210
2nd Support – 0.8195
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Fundamental Market Analysis for November 19, 2024 USDJPYThe Japanese yen (JPY) rose against its US counterpart during Tuesday's Asian session, although it lacked bullish confidence amid uncertainty over the timing of the Bank of Japan's (BoJ) next interest rate hike. In addition to this, risk-on sentiment reflected in the overall positive tone in the equity markets may be contributing to the safe-haven yen's decline.
That said, geopolitical risks and lower US Treasury yields could prevent a significant downside for the low-yielding yen. In addition, speculation that Japanese authorities may intervene to support the national currency may deter bears from aggressively betting on the yen. The focus will now shift to Japan's consumer inflation data and global PMIs due out later this week.
Japan's Economy Minister Ryosei Akazawa said Tuesday that “it is crucial to raise wages for all generations with an economic package.”
He also noted that he is “aiming for the cabinet to approve the economic package soon.”
At the time of writing the analysis, the USD/JPY pair is consolidating on the latest round of declines just above the 154.10 level, having lost 0.36% on the day.
Trade recommendation: Trade mainly with Sell orders from the current price level.
Sell USD/JPY Bearish FlagThe USD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 154.42, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 153.18
2nd Support – 152.55
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BTC USD UpdateIts been bless to trade this asset, absolutly amazing , in my 17 years of trading i never seen anything move as much as btc .In my 17 years of trading, I've never seen anything move as much as BTC. It's the only asset in the world where you can make more with spot trades than swings. Absolute beast. All we need is 100K and then some, lol. Stay patient, fellow traders.
BCH Parabolic Incoming?it seems BCH is poised for a parabolic rise,
Technical analysis is saying so, fundamental reasons is there as well as a big update to the core has been commited over the past days, you can read about it here:
u.today
based on the news it now rivals ETH!
"This upgrade fully utilizes Bitcoin Cash's fundamentally more scalable architecture to provide math capabilities that surpass those of Ethereum such as "bare metal" performance, more byte-efficient and cheaper transactions"
let's see how this unfolds.
Fundamental Market Analysis for November 18, 2024 GBPUSDThe Pound-Dollar pair starts the new week on a subdued note and is consolidating in a range above the round 1.26000 mark, or the lowest level since mid-May, reached on Friday. For now, spot prices appear to have broken a six-day losing streak on the back of a modest decline in the US Dollar, although the fundamental backdrop supports the prospects for an extension of the recent established downtrend.
The US Dollar remains on the defensive below the one-year high (YTD) set last Thursday as bulls took a pause to take a breather after the explosive rally following the US election. However, any meaningful decline in the dollar seems unlikely amid expectations that US President-elect Donald Trump's policies are likely to revive inflationary pressures and limit the scope for further rate cuts by the Federal Reserve (Fed). This has been a key driver of the recent rise in US Treasury bond yields, suggesting that the path of least resistance for the US Dollar lies to the upside.
The British Pound (GBP), on the other hand, may struggle to attract buyers amid uncertainty over the Bank of England's (BoE) future interest rate path. Data released last week showed that UK wage growth excluding bonuses slowed in September, while the unemployment rate rose to 4.3% from 4.1%. In addition, UK GDP unexpectedly contracted in September for the first time in five months, reinforcing expectations of a BoE rate cut. Nevertheless, Bank of England members are not expected to cut interest rates at the December meeting.
This, in turn, makes it reasonable to expect strong follow-through buying to confirm that the GBP/USD pair has formed a short-term bottom. Bearish traders, however, can now wait for a sustained breakout and consolidation below the 1.2600 round figure before placing new bets amid a lack of market-significant economic releases on Monday from both the UK and the US.
Trading recommendation: Watch the level of 1.26000, if consolidated below consider Sell positions, if rebounded consider Buy positions.
INVESTMENT IDEA - BAJAJ FINANCE Bajaj Finance , a major financial services provider in India, showcases a promising investment setup supported by both technical and fundamental strengths.
Technical Reasons :
Trend Line Support: The stock is holding above a long-term trend line, indicating resilience and potential for an upward move.
Intact Trend: Continuous higher highs and higher lows signal that the bullish trend remains intact.
Doji and Inside Candle Pattern on Weekly: This pattern suggests a possible reversal or continuation, highlighting a period of consolidation with potential for breakout.
Fundamental Reasons :
Record Revenue and Net Profit: Both metrics are at all-time highs, underscoring the company's financial strength.
Attractive Valuation: With a current 10-year PE ratio of 27.9, Bajaj Finance trades below its 10-year median PE of 45.4, suggesting it is undervalued relative to historical standards.
Solid Growth and Returns: The company boasts a 24% compounded sales growth rate, an ROCE of 11.9%, and an ROE of 22.1%, reflecting effective utilization of capital and profitability.
These combined factors make Bajaj Finance an attractive long-term investment option, with technical support for entry and solid fundamentals for sustained growth potential.
Fundamental Market Analysis for November 15, 2024 USDJPYThe Japanese Yen (JPY) extended its losing streak against the US Dollar (USD) for the fifth consecutive session following the release of Japan's Q3 Gross Domestic Product (GDP) data on Friday. The USD/JPY pair's upside potential is supported by a strong US Dollar (USD). Traders are also preparing for the release of US retail sales data for October, due later on Friday.
Japan's preliminary gross domestic product (GDP) data for the third quarter rose 0.2% quarter-on-quarter, up from 0.5% in the previous quarter, matching market expectations. On an annualized basis, the country's GDP growth in the third quarter was 0.9%, beating the market consensus forecast of 0.7%, but showing a sharp slowdown from the 2.2% growth recorded in the second quarter.
Japan's Finance Minister Katsunobu Kato said on Friday that he will take appropriate measures against excessive currency fluctuations. Kato emphasized the importance of stable exchange rate movements reflecting economic fundamentals and expressed concern about unilateral sharp fluctuations in the market.
Meanwhile, Japan's Economy Minister Ryosei Akazawa said he expects the moderate economic recovery to continue, fueled by rising employment and wages. However, Akazawa also emphasized the need to keep a close eye on potential downside risks to the global economy and volatility in financial and capital markets.
Trading recommendation: Trade predominantly with Buy orders from the current price level.
Sell XAU/USD (Gold) Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2560, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2524
2nd Support – 2501
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Sell XAG/USD (Silver) Bearish ChannelThe XAG/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 30.40, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 29.50
2nd Support – 29.10
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Possible USD Strength Continuation?Here's the revised trading plan with the requested adjustments:
1 . Baseline Scenario :
- Macro-Fundamental Bias: Neutral to Slightly Dovish . The Federal Reserve has recently lowered the federal funds rate to 4.50% - 4.75%, reflecting a cautious approach to monetary easing. While inflation remains somewhat elevated, the Fed is balancing its dual mandate of supporting employment and controlling inflation. Current market expectations indicate a 59% probability of a quarter-point rate cut at the December meeting, down from 82.5%.
- Short Term Sentiment Bias: Bullish . The short-term sentiment on the USD is bullish, driven by Fed Chair Powell's recent comments on the strong economy and solid job market, which have reduced the likelihood of a December rate cut.
2. Risk Event Baseline :
- Market Expectations:
- Core Retail Sales m/m: Forecast 0.3% (Previous 0.5%)
- Retail Sales m/m: Forecast 0.3% (Previous 0.4%)
3. Surprise Scenarios:
- Positive Surprise :
- Plan: If retail sales figures exceed expectations, this will likely reinforce the bullish sentiment on the USD. Consider increasing long positions in USD pairs, particularly against currencies with dovish central banks. Additionally, look for opportunities in sectors that benefit from strong consumer spending, such as retail and consumer discretionary stocks.
- Negative Surprise :
- Plan: If retail sales figures come in below expectations, the market reaction is expected to be muted given the current sentiment. Maintain existing positions but be prepared to adjust if subsequent data or Fed communications indicate a shift in the economic outlook. Monitor for any signs of weakening consumer confidence or spending that could impact broader market sentiment.