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S&P 500 Daily Chart Analysis For Week of Nov 10, 2023Technical Analysis and Outlook: The Spooz index pivoted briefly from the completed Inner Index Rally 4375. This transition allowed traders with long positions to exit with prudence. The current momentum is solid and targets a Mean Resistance of 4515. Traders expect this momentum to ultimately lead to a retest of our completed Inner Index Rally 4590 on July 27, 2023. However, it's worth noting that the market can be quite reactive, and sudden fluctuations in either direction may occur. As such, traders should remain vigilant and have a sound strategy in place to deal with unexpected market movements.
SP:SPX
by TradeSelecter
2
EUR/USD Daily Chart Analysis For Week of Nov 10, 2023Technical Analysis and Outlook: The Eurodollar has undergone a notable downtrend movement from our Key Resistance level of 1.075, a significant level of resistance that the currency has been unable to break through. As a result, it is now expected to gradually move towards the Mean Support level of 1.061, which is strategic support for the currency. Furthermore, the Eurodollar may extend its bearish momentum and reach the Mean Support level of 1.056, which is a firm level of support. However, it is worth noting that the currency could rebound toward uncompleted Inner Currency Rally 1.077 and Key Res 1.075, a level of resistance that the Eurodollar tested in this week's trading session. If the currency breaks through these two levels, it could complete the current Inner Currency Rally 1.077 and continue its upward trend.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 10, 2023Technical Analysis and Outlook: The latest update on Cryptocurrency indicates that it has completed the Inner Coin Rally 37800 and is currently in the correction phase. The correction is expected to take it down to the intermediate target of Mean Sup 35600, but there is also a possibility of the correction extending further to Mean Sup 33900. On the upside, there are two crucial levels that investors/traders should keep a close eye on. These are the Outer Coin Rally 39200 and the Outer Coin Rally 41200. These levels are significant as they can influence the future trend of Cryptocurrency.
BITSTAMP:BTCUSD
by TradeSelecter
📈 AEGISCHEM: A Promising Investment OpportunityHello, traders! Today, we're focusing on NSE:AEGISCHEM . Here's what's happening: 📈 Steady Upside Movement: AEGISCHEM is on a consistent upward trajectory, forming higher highs and showing signs of strength. 🔝 Breaking Previous Highs: It recently broke its previous high, which is a significant development. 🔍 Retest Opportunity: Currently, it's retracing and coming down to retest the support from the parallel channel, and I've marked a potential long position on the chart for your reference. 🚫 Not Guaranteed: However, keep in mind that trading is about high-probability entries, not guarantees. While this opportunity has great potential, always perform your due diligence. 🕰️ Investment Perspective: This isn't just a short-term trading play; it's an opportunity with investment potential. Take a closer look and consider your investment strategy. 📌 Important Note: This isn't a definitive investment recommendation. Make informed decisions and manage your risk appropriately. 🤔 Your Strategy: What's your take on AEGISCHEM? Are you considering it for your investment portfolio? Share your insights with us! 🚀 Stay Informed: Keep following for more trading and investment insights. Best regards, Alpha Trading Station 🌟
ALong
by AlphaTradingStation
APR vs. APY | Explained. Simply.In the realm of decentralized finance (DeFi) and crypto investments, two terms frequently encountered are APY (Annual Percentage Yield) and APR (Annual Percentage Rate). While they sound similar, their distinctions are vital, often determining the returns on your digital assets. APR vs. APY: Unraveling the Complexity Annual Percentage Rate (APR) represents the straightforward interest rate that a lender earns or a borrower pays over one year. For instance, if you invest $10,000 with a 20% APR, your total after a year becomes $12,000. This simplistic calculation doesn’t consider compounding. In contrast, Annual Percentage Yield (APY) involves the magic of compound interest. Compound interest means earning interest on the interest accrued. If the interest compounds monthly on your $10,000 investment at a 20% APR, after a year, you’d have approximately $12,194 . Daily compounding would yield even more at $12,213. Compounding frequency significantly impacts your earnings, with daily compounding being the most lucrative. Crucial Comparisons and Calculations When comparing financial products, whether in traditional finance or DeFi, understanding compounding frequency is paramount. Converting APR to APY is the key. A 20% APR with monthly compounding equals 21.94% in APY. Daily compounding raises it to 22.13% APY. APY factors in the compound interest, offering a more accurate depiction of your annualized returns. However, in the crypto space, things get even more intricate. APY might reflect rewards in cryptocurrency, not actual or predicted fiat returns. This distinction is vital due to crypto's volatility. Even if you earn APY in crypto assets, your investment’s fiat value might fluctuate, emphasizing the necessity of understanding the risks involved fully. Closing Thoughts: Navigating the Crypto Investment Landscape APR and APY serve as vital tools in understanding the potential returns on your investments. Remember, APY, incorporating compound interest, is the metric that truly reflects your earnings, especially in the dynamic world of cryptocurrencies. When comparing crypto products, ensure you're evaluating them on the same compounding basis and always consider the implications of crypto market volatility on your investments. Knowledge empowers wise decisions. By grasping the nuances of APY and APR, you're better equipped to navigate the crypto investment landscape, making informed choices that align with your financial goals.
Education
by Vestinda
USDJPY - Potential Bearish move comingOn Monday, the exchange rate of the Japanese Yen against the US Dollar showed a positive trend, reflecting a more optimistic market sentiment. Looking at the short-term picture, it's important to note that the current uptrend is getting close to a potential reversal point. If we see a break below the key level of 148.80, which was the low on October 30, it could indicate a shift in momentum toward the bearish side. This level represents the last major lower high in the short-term uptrend. When we examine the 4-hour chart from Monday, it appears to resemble a bear flag pattern, suggesting the possibility of a downward breakout and a challenge to those recent lows. On the daily chart, which provides a view of the medium-term trend, the pair is still in an uptrend, and we should continue to monitor the 148.80 level closely. If it holds, a recovery remains a plausible scenario. In the grand scheme of things, it's important to remember the saying, "the trend is your friend." For USD/JPY, the short, medium, and long-term trends are all still bullish, indicating that the odds favour further upside in the future. If the pair manages to break above the 151.93 level from October 2022, which marked a 32-year high, it would provide confirmation of the uptrend, and our next targets could be at round numbers like 153.00, 154.00, and 155.00, among others. However, at this moment, we believe this is unlikely to happen until we witness a significant drop or pullback, which could potentially begin this week. The Japanese Yen (JPY) experienced a decline against most other currencies on Monday, in line with the overall positive market sentiment that favours riskier currencies over safe havens like the Yen. This short-term weakness aligns with the broader trend. Since 2021, the Japanese Yen, as measured by the FXCM Index against a basket of peer currencies, has depreciated by more than 33%. The primary reason for this weakness was the Bank of Japan's policy of maintaining sub-zero interest rates, while many other central banks were raising rates to combat inflation. Global investors typically prefer to invest where they can get the highest risk-free returns, leading to a preference for other currencies at the expense of the Yen. More recently, with signs that many central banks have reached or are approaching peak interest rates, the interest rate differentials that worked against the Yen may be narrowing. If the Bank of Japan continues to normalise its policy and other central banks stop raising rates or even begin to reduce them, we could see a potential recovery in the Yen. We'll keep an eye on how this develops!
by financialflagship
JSW Steel : Rusting Begins?- JSW Steel looks ready for a short-term downturn phase - Look how the PE ratio has shot up crazy from the last time we saw the same price ( Price is not justified) - With the current selloff, The bulls are trapped at ATH making them long-term investors. - We do have a trendline that may give support when the time comes. But until then, It's time to bleed? What are your thoughts? Leave us a boost👍👍👍. Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
NSE:JSWSTEELShort
by TheChartereds
2
AMARAJABAT: It is time?🚀🌕The chart is self-explanatory as always :) In addition: www.bseindia.com Have Requests or Questions? Let us know in the comments below. ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
A
by TheChartereds
$RUAL need to brake the ceilingMOEX:RUAL has been moving in a horizontal channel for a long time and it's like a mouse in a trap - if it wants to stay free, it should accumulate a power, stay silent, push off and jump. Idea is that we could observe the same behavior for this shares. It need to go down, touch the bottom below a bit of the mother channel, push off and jump to the top. It this happens, it will mean, that we will see a serious of such incredible victories in the future. Buy - 39 Sell - 58 Period - 6-9 months. Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view )
RUS:RUALLong
by furoreggs
Simple Investing Strategy, Affordable for all!Hey! Everybody wants to get rich. But not many from us know what it takes. In this article let's discuss Investing income from annual percentage yield (APY) . Key point is the percentage of income can be different from your location, but lets make our calculations from 8.0% APY. Why this strategy is Affordable for ALL? Well, for calculation I've used only $161 of monthly investing. I understand for some person this is nothing, and for another it is a lot. But you can calculate your own affordable investing amount per month and use it. Consistency is the key! Another point why its affordable, its because you don't need to have a lot of money at the beginning. You can start from minimal deposit allowed by service/fund/bank (APY provider) where you allocating your funds. Please, note, this is simple and affordable investing strategy. But still THIS IS NOT 100% SAFE STRATEGY... There are several risks of losing your money after all. Mostly this risks depends on APY provider, so I recommend to change your APY provider over a time, and to secure your funds use multiple providers. Let's see how we get this numbers and first of all it is important to keep consistency during all your investment journey. Remember, this way can make you millionaire and can create a fortune for your kids. To understand how this works, let's see what is Compound Interest: Compound interest is the concept of adding accumulated interest back to the principal sum, so that interest is earned on top of interest from that moment on. The act of declaring interest to be principal is called compounding. Financials institutions vary in terms of their compounding rate frequency - daily, monthly, yearly, etc. Your savings account may vary on this, so you may wish to check with your bank or financial institution to find out which frequency they compound your interest at. I used monthly compounding to calculate final value. With savings accounts, interest can be compounded at either the start or the end of the compounding period (month or year). Compound interest formula Compound interest, or 'interest on interest', is calculated with the compound interest formula. Multiply the principal amount by one plus the annual interest rate to the power of the number of compound periods to get a combined figure for principal and compound interest. This formula is base of all interest calculations. To get easier process of calculation, I have used online Compound Interest Calculator. Best numbers we can get if we start investing early, but it happens we see right information too late, and we ask ourselves "Is it good time to start?" — I can say for sure, YES! Always good idea to start investing in your savings account. Trading is trading, but investing is a little different. You can invest in markets, or in savings accounts. Now let's see "worst case" — you starting your investing journey at 40 years old. How much you can earn on savings account until 60? I have calculated it with calculator, and used only $161 investments/savings per month with APY of 8%. You can see after 20 years of savings this amount of money (pretty much affordable for many people out there) you will get about $95,464 Final Value. Very impressive. Imagine if you can save more from your income each month... For example if you can save $1000 monthly, you will get $592,947 Final value after 20 years on your Savings Account. Middle scenario — investing for 30 years on your savings account. Until 60 you can earn solid $241,547 Final value, investing only $161 per month! Now if you can invest about $500 per month from your income you will get amazing $750,147 Final value. And of course best scenario — start investing on savings account early from 20y.o. This way you can get $565,799 Final value by 60 y.o. And if its possible to save more, let's say $250 monthly, you can get $878,570.30 Final value by 60 y.o. So in order to get rich, you don't need to invest a lot of money. Just make you investments consistent, and improve your financial education. Hope this article can inspire you to create your savings account and plan your future. Best regards, Artem Crypto
Editors' picks
BITFINEX:BTCUSDEducation
by ArShevelev
126
$RRC has a huge potential for the next 3 yearsNYSE:RRC painted rounding bottom on 1w timeframe, as well as it drew a cup with handle on 1h timeframe. It strictly hitting a key levels on all the timeframes and exactly shows readiness for the next ascending steps. I propose, we will be able to watch a good long till the end of 2023. If it happens, it will mean a clear next investing points for 2024-2026 years. Everyone, who have enough patience, with a high probability will take achieves. 1 week timeframe: 1 hour timeframe: Does not constitute a recommendation #investing #stocks #idea #forecast #furoreggs
NYSE:RRCLong
by furoreggs