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Fundamentalanalsysis

GBPJPY: Key Resistance in Focus This Week - Breakout Potential?GBPJPY faces a critical juncture this week, with a formidable monthly resistance level at 193.659 coming into view. If the pair can surmount this hurdle, it could unlock a significant upside move towards 214.005, with limited resistance in the way. Technical Analysis: GBPJPY has been in a strong uptrend since the beginning of the year, gaining over 17%. The pair is now approaching a key monthly resistance level at 193.659. A break above this level could signal further bullish momentum, with a potential target of 214.005. There is limited resistance between 193.659 and 214.005, suggesting that the pair could make a significant move if it breaks above the resistance level. Fundamental Factors: The Bank of England (BoE) is expected to raise interest rates at its next meeting in March. This could support the pound sterling against the Japanese yen. The Japanese economy is facing headwinds from rising inflation and a weak yen. This could weigh on the Japanese yen and support GBPJPY. Conclusion: GBPJPY is poised for a significant move this week. A break above the key resistance level at 193.659 could signal further bullish momentum, with a potential target of 214.005. Traders should closely monitor GBPJPY's price action around the 193.659 level this week. A breakout above this resistance could indicate further bullish momentum, while a rejection could indicate a potential pullback. Additional Information: The pair has already broken the monthly pivot and pulled back to it, which could be a bullish signal. The RSI indicator is also showing bullish momentum, with a reading of 65. The MACD indicator is also bullish, with a crossover above the signal line. Disclaimer: This is not financial advice. I am not a financial advisor. Please do your own research before making any investment decisions.
Long
by behnamxt
1
GOLD, LongGold after hitting the High of $2087.98 is anticipated to retest the next significant level support 2065 with an attempt to pick liquidity and further driving up to test the all-time high of $2145 is on the card this week. DXY at the close of last week represent a probability of the dollar index declining to the next key level of 102.5 which could give GOLD the upper hand to drive up. The week's USD fundamentals such as the Jolts Job Opening, Powell's testimony and NFP are very important, and the outcomes will significantly determine the price of GOLD. Thus it is worth keeping an eye on. Support: 2064 Resistance 1: 2082.5 Resistance 2: 2145
FX:XAUUSDLong
by AbeikuGlobal_FX
1
AMC Earnings Build-upQuick disclaimer, I've posted many Ideas for this stock expecting an uptrend and they haven't panned out, but I'm going to pull out my inner Michael Burry and claim that I don't think I'm wrong, I'm just early. AMC is currently being pinched in two downtrends that date back to Aug 24th and 25th. The closer resistance would require the stock to break/stay above 4 dollars (as of tomorrow, Feb 8th). That number goes down every day after that. The support on this downtrend would have AMC needing to stay above 3$ at the time of earnings on Feb 28th But TA has let us down before, so let's talk about earnings: Analysts' expected revenue is 1.046B. AMC has met or beaten revenue expectations every single quarter since the initial COVID quarter, which hints to the possible re-occurrence for Q4 2023. Maybe analysts don't exactly know how to calculate/predict AMC's revenue. Even less now that AMC released their own movies (T. Swift + Beyonce). Nobody knows exactly how much they made from those. On top of that, there's all the new merch they've been coming out with, popcorn at new stores, their own candy line (which according to Twitter and Reddit, Apes went out and bought like mad for the holidays) AND the AMC VISA Credit Card, of which it is pretty much impossible to predict the revenue from (and I'm optimistic considering VISA destroyed their last earnings)... I strongly expect an Earnings Beat. In terms of future outlook, which is also very important in determining the direction of a stock price post-earnings, Q1 will be the absolute weakest of the year for sure. But that doesn't mean it'll be terrible, or even bad. It's kind of too bad Dune 2 isn't released until after earnings. Having just one weekend before the call would give us a greater idea of how the quarter will finish but, if anything, a successful first weekend for Dune 2 immediately after a positive earnings call will just keep the momentum going. The rest of the year has many more blockbusters to come. This will be my last Idea for AMC, I'll just keep expanding on it from here. I'm so bullish that I am absolutely sure that we are hovering around the bottom. Once we start going up, there's no looking back.
NYSE:AMCLong
by BakedSpud32
12
MYO a Stock I randomly pulled up and conducted some R/AR/A = Research and Analysis This stock just randomly chose to after looking at a few robotics stock. I went through a few stocks to show how I conduct my R/A and wanted to see if I could find some ideas and themes to trade. A stock that got selected was MYO. MYO is a company that sells robotic arms to people regain function in their arms and hands. Their product is called MyoPro. This stock might be able to push higher in the longer term (maybe in 2025). The technicals are not good on it. The fundamentals aren't also. And there is almost no sentiment on this stock because there is close to 0% PR on here, expect some articles talk about price movement. But, something that I saw that caught my eye is an individual in Australia used their product, was able to get their function back, and was able to benefit from the Nation Disability Insurance Scheme (NDIS) in Australia. Another that caught my eye is they are attempting to get their product approved for claims for Medicare Part B beneficiaries. If this is approved, the stock might be able to push above the $1 lvl and maybe push above the $2. So, this stock might have some promise. For now, I wouldn't get in because of the state of the economy, high inflation, and rates increasing. There are also the negatives aside from this stock almost collapsing, which is it's competitors and technologies such as Neuralink from Elon Musk. I am not in this stock and highly likely I won't get in. This is just some research I have done and I am seeing where price is going to move and to see if I am correct.
AMEX:MYOLong
by DollarSaenz
2
Is a supply shock coming for Bitcoin?Traders, I will probably not be posting as frequently this next week due to some personal matters that require more attention. Thus, I thought pushing out another general update on where we are currently sitting in the crypto space would be appropriate. As you have seen, I have still been busy entering trades in alts. The main reason for this is Bitcoin’s continued sideways price action. Because the bears have not had the power to push it down to the 48k support area, various altcoins have been given a chance to continue their rise. I have been attempting to spot those coins with the greatest potential of popping and entering as I see the time is right. So far, we are doing great in this regard. And unless/until the bears are able to push Bitcoin down below that bottom ascending purple support, I will continue to look for good setups in the alts. Though, I may not have the opportunity to alert you all on every exit or take-profit point this week, I will still attempt to post any new entries. Perhaps, that is what you all would prefer anyway as it will mean less in the way of noisy substack notifications from me? Let me know in the comments any further thoughts on this. Back to Bitcoin. Honestly, Bitcoin bulls have amazed me. Even with the pullback that I expected after the ETF approval news, we did not touch the supports that I expected we might. This indicated the bulls would maintain control. And they certainly have.If done right, the technicals will often show us the future of price action. But sometimes, it will not show us the complete picture without at least a surface understanding of the fundamentals. For this reason, I have alluded to fundamentals several times in my previous weekly updates and Bitcoin posts. Mainly this: Bitcoin ETFs were at one point demanding an average of 12x+ that which Bitcoin miners could supply. Only 24% of Bitcoin remains liquid and available for trading Bitcoin halving is only months away making it that much less available Demand from various nation-states for Bitcoin continues to rise Simple math here dictates that the multiplier effect is going to cause Bitcoin (and much of crypto) price to go parabolic. We could soon see a supply shock occur that has never been witnessed previously. And, my followers know, I am no moon-boy who incessantly pumps crypto. My conclusion simply is predicated upon cold, hard logic, math, and reason. Side note: I have never been a huge Bitcoin fan as you may have been able to tell from my underhanded jabs or derogative nicknames I have given to BTC like “Boomer Trading Coin” and more recently, “Blackrock Trading Currency”. I believe that of all cryptos that exist Bitcoin is probably one of the least private, most expensive transactionally, and most centralized in terms of ownership. Certainly, the latter is much more true recently. There are far better alternatives that exist that fulfill the goal and function set forth by Mr. Nakamoto. Anyways, this is a whole other topic and Bitcoin remains the lead dawg on which all eyes are focused. Therefore we must give it the attention and respect it deserves as the price leader of the crypto space. To conclude, if we don’t see a pullback in Bitcoin soon, this sideways action, much to the shock of many analysts, may be all that we see. At most, at this point, I would be happy with a retreat and touch of the 48k support area before we hit new all-time highs this year. Altcoins will certainly come along for the ride here and the best blockchain technologies will exaggerate this move up. I still believe many alts can see 10x plus gains from here. In any case, we have to be prepared either way. So, continue to practice those safe trading habits: be disciplined and consistent with your strategy, set your targets, set your stop-outs, don’t put all your eggs into one basket, and never risk more than you can afford to lose.
INDEX:BTCUSDLong
by stewdamus
Will TRY Continue to Fly or Will it Hold the 30 and Say GoodbyePrice has been pushing higher and higher and climbed thousands and thousands of PIPs since 2021. But with the increased interest rates (42.5%), will this be enough to prevent price from higher? Potentially. There needs to be more confidence in the Lira, which could be happening. Pimco and Vanguard (US Investment Companies), are investing in Turkey, which could be a good sign. If companies are starting to invest in Turkey, this could help their currency issues. What could also help and maybe is helping currently, is the TRY is a good carry trade, especially if there is a halt to the rapid depreciation in the Lira. The CBRT will likely hold rates at his high lvls for a while as they work to break the upward trajectory. Additionally, if analyst, traders, and investors are correct, and the FED reduces rates, this will assist price on pushing lower. Furthermore, when economic data is released, if inflation starts taking a hit to the downside (currently above 61%), this could bring in that confidence that is needed also and start pushing the TRY lower. If all these factors do improve the Lira, I am thinking price might even be able to hit the 27 lvl. For now, I got a small position on this pair, collecting a decent amount of positive rollover. I will build up as price pushes higher. I am able to sustain if price pushes 10,000 pips against me. Price is currently over 7,000 pips against me, with a manageable floating loss, and I am still looking to build a larger position. Manage your risk and do your own due diligence before placing any trades.
Short
by DollarSaenz
2
LEARN THE MOST IMPORTANT FOREX FUNDAMENTALS 📰 Even though I am a pure technician and I rely only on technical analysis when I trade, we can not deny the fact that fundamentals are the main driver of the financial markets. In this post, we will discuss the most important fundamentals that affect forex market. You can check coming fundamental news on TradingView in the economic calendar. The calendar button on the right side will display the coming news. Click "only high importance" button and the system will display only the most important news. Here are the most important fundamental releases that you should pay close attention to: 📍Unemployment rate. Unemployment rate reflects the percentage of people without a job in a selected country or region. Rising unemployment rate usually signifies an unhealthy state of the economy and negatively affects the currency strength. 📍Housing prices. Housing prices reflect people's demand for housing. Rising rate reflects a healthy state of the economy, strengthening purchasing power of the individuals and their confidence in the future. Growing demand for housing is considered to be one of the most important drivers in the economy. 📍Inflation. Inflation reflects the purchasing power of a currency. It is usually measured by evaluation of the price of the selected basket of goods or services over some period. High inflation is usually the primary indicator of the weakness of the currency and the unhealthy state of the economy. 📍Monetary policy. Monetary policy is the actions of central banks related to money supply in the economy. There are two main levers: interests rates and bank reserve requirements. Higher interest rates suppress the economy, making the currency stronger. Lower interests rates increase the money supply, making the economy grow but devaluing the national currency. 📍Political discourse. Political discourse is the social, economical and geopolitical policies of the national government. Political ideology determines the set of priorities for the ruling party that directly impacts the state of the economy. 📍Payrolls and earnings. Payroll reports reflect the dynamic of the creation of new jobs by the economy, while average earnings show the increase or decrease of the earnings of the individuals. Growing earnings and payrolls positively affect the value of a national currency and signify the expansion of the economy. Pay closes attention to these fundamentals and monitor how the market reacts to that data. What fundamentals do you consider to be the most important? ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
1
Navigating the Chip Maze: Should You Invest in Synopsys?Navigating the Chip Maze: Should You Invest in Synopsys? Synopsys, a titan in the Electronic Design Automation (EDA) landscape, offers intriguing prospects for investors curious about the semiconductor industry. But before diving in, let's unpack the company, analyze its potential, and explore options – with a strong disclaimer: trading is inherently risky and not suitable for everyone. Synopsys: Powering the Chip Revolution Founded in 1986, Synopsys has carved a niche by providing essential tools and services for chip design and verification. Imagine them as the architects and inspectors of the tiny brains powering our devices. Their clients? Tech giants like Apple, Intel, and Samsung, relying on Synopsys for efficient, secure chip development. Products and Services: EDA Tools: The bread and butter – software enabling chip design, simulation, and verification. Silicon IP: Pre-designed building blocks, saving chipmakers time and money. Software Security and Quality: Tools to identify and fix vulnerabilities in software, crucial in an increasingly interconnected world. Financials and Performance: Revenue: $5.3 billion (FY 2023) Net Income: $1.2 billion (FY 2023) Ratings: Leader in Gartner's Magic Quadrant for EDA, "100 Best Companies to Work For" by Fortune So, Buy, Sell, or Hold? This is where things get tricky. Analysing publicly available information can't guarantee future performance. Several factors could influence Synopsys' stock price: Overall Semiconductor Market: A booming market benefits Synopsys, but downturns can impact sales. Technological Advancements: Staying ahead of the curve in EDA is crucial, and continuous innovation is key. Competition: Other EDA players like Cadence Design Systems pose constant competition. Options Trading: A Calculated Gamble? Remember, options involve significant risks. Buying call options bets on a stock price increase, while put options profit from a decrease. With expirations ranging from 1-12 months, you choose your timeframe and risk tolerance. However, options decay in value over time, and misjudgment can lead to substantial losses. The Verdict: Do Your Research, Proceed with Caution Synopsys is a prominent player in a growing industry, but the decision to invest ultimately rests on your individual financial goals and risk appetite. Conduct thorough research, understand the risks involved, and never invest more than you can afford to lose. Consider seeking professional financial advice before making any investment decisions. Risk Warning Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses. Risk Warning: Trading is Not for Everyone It's essential to emphasize that trading stocks and options carries inherent risks. Market volatility, unpredictable events, and human error can lead to significant losses. Therefore, it's crucial to undertake thorough research, understand the underlying risks, and only invest funds that can be comfortably afforded to lose. ------------------------------------ Rating: STRONG BUY Risk Disclaimer! The article information and the data is for general information use only, not advice! --------------------------------------------------------------------- Risk Warning Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses. Risk Disclaimer! General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss!
NASDAQ:SNPSLong
by TheTrade_Academ
JBL (Long) - an outperforming value-playFundamentals The market is obviously overbought (still expecting a pullback), which could potentially give space to the stock to consolidate and form a cup-and-handle formation Fundamentally, the company is sound - it has seen a decrease in demand, reflected in the decrease of revenue. However, efficiency gains meant that profit has gone up regardless, hence the price rise. The earning are currently pricing another fall in revenue (yet, the price is still rising), hence a potential beat could serve as a nice boost to the share price. Why am I interested in a firm with declining revenue? Because it has a lot of things going - the firm is expanding into various sectors (including healthcare, semiconductor equipment, and AI-driven data centers), which gives it a diversified customer base + it has signed a massive $2.2bn agreement with BYD , giving it an entry into the EV market Cheap - P/E ratio of 23, despite the rise in price (based on Willliam O'Neill - the biggest winners of his careers had a starting P/E between 20-40) Only problem is a pretty high level of debt Technicals The usual - accumulated base , currently on the verge of breaking the upper resistance Another way to look at it is a broken bullish pennant The most likely scenario I see is a consolidation along with the market and then breaking either close to the earnings or on earnings The bottom indicator shows a recent outperformance compared to S&P500 Stochastics has been in the upper range for a while - again, showing that it will probably pull back for a little while Trade There are plenty way to go about it - I will likely choose to wait until the stock price consolidates around the resistance and wait for a breakout If the breakout happens now, I would once again advise to enter the trade, but with the caveat of giving the trade more space for a potential pullback back to the support Of course, if the stock starts receding from here, the trade is off; same goes for a failed break out Main caveat is the earnings - if the stock disappoints, then once again, the trade wouldn't be advisable Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
NYSE:JBLLong
by jurajholik
EURUAD I Detailed analysis ahead of AUD Cash Rate ReportWelcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
2
DXY to continue declineDXY started a recovery from 100.257 from the heavy decline due to the pause in the interest rate hikes back in December 13th, 2023. The index started to recover from 28th December and to 102.723 due to the positive news from the last Friday NFP fundamentals. Price was quickly knocked down by the negative news on the ISMs late Friday. DXY January candle has done a retracement unto the 61.8%-78.6% (EMA 20) of the December bearish candle. As a result of the retracement on the December candle, the DXY is expected to retest the weekly EMA 200 on the key level 100.500 and as at the ending of last Friday, price was resisted by the weekly resistance. On the Daily, the DXY index is expected to retest the EMA 200 at 101.706 and subsequently retest the key level 101.500 again. The important fundamentals this week are mainly the Thursday's Core CPI m/m and the Friday's PP1 m/m where the economists are projecting a negative news for the CPI. We need to keep an eagle eye on the news this week to make informed decisions.
CAPITALCOM:DXY
by AbeikuGlobal_FX
2
USDJPY Bullish Ahead of US GDP AnnouncementHi Traders! USDJPY is in an ascending channel, and there is a bullish outlook on the market. Here are the details: After the pullback from the weekly high, the market seems to have found support near the channel support line. We are now looking for a break and close above the 20 EMA for a confirmation signal to target an exit near the weekly high. Preferred Direction: Buy Entry Level: 143.250 Stop Level: 142.271 Target Level: 145.209 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2