GBPUSD#EURUSD
1D timeframe.
last week we received a strong reaction after overlap the imbalance zone. Then also removed liquidity below, which will serve as fuel for further movement.
Investing
SPX UPDATE SPX UPDATE
After a strong fall, a correction has come . In order to be convinced that this minor downward trend is over, we must conquer the 10WMA and make a minimum higher high that brings us to 4400.Also Stoch RSI shows positive signs
By holding it, we are leaving the range we have been in for almost a year.
Earnings are still positive, so that added strength.
Tomorrow news to follow : Nonfarm Payrolls and Unemployment Rate
SOLANA UPDATE 2023Solana's Firedancer Testnet Sparks 80% Gain
Solana, often called the "Ethereum killer," has surged by an impressive 80% in the past month, thanks to the launch of its Firedancer testnet – a much-anticipated scaling solution. This surge has rekindled investor optimism in Solana, and its native token, SOL, has seen an 81% price increase in the last month, reaching over $41 on November 2. This recovery is significant, considering that Solana was down 84% from its all-time high. It's now emerging as a strong contender in the crypto space, outpacing even Ethereum in recent gains.
$SOLUSDT - x2 and it should be an intermediate milestoneBYBIT:SOLUSDT is ready to show 200 and more percent in the 2-6 weeks.
Good potential, aligned with the Bitcoin dominance sharing and positive moods of investors.
Further steps depends on the Bitcoin behavior, but aware of the final result - goal is 39 opposite 19-24.
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
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$RNFT - the second round is announcedMOEX:RNFT strengthens the positions and preparation to move to 200.
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
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Disney $dis #dis Back in our Buy zone.The gift that just keep giving. We laid out this plan Months ago and even first talked about it being something to watch for last year. Ever since it became fully actionable it has continued to do exactly as we have planned and so far, so good, we just keep buying low and selling/trimming higher.
In the bigger picture i still say buyers should be highly considering keeping some shares sub$100 and especially sub $90 for long term holds/investments.
These sub $85 and even better sub $80 positions may someday seem like a GIFT for the future of your portfolio's.
Don't miss out and squander this opportunity.
SP500 - Support and Resistance ZonesI have mentioned these two circled levels earlier and we have now reached the second target (Purple Circle). This is a perfect bounce area for SP500 and may be the bottom of this bear trend we have been in the last months.
We might go down and test the support below but I dont think so. In my chart I posted earlier I mentioned that I thought we would consolidate around the yellow mark before testing ATH. That idea was false and we broke down to this purple area instead. The market is at extreme fear levels and the media very negative.
I believe we will end the year quite positive and start the new uptrend towards ATH around these levels.
Take care.
OIL - Bearish move comingCrude oil prices went up on Friday due to Israel's expansion of ground operations in Gaza. This has raised concerns about the possibility of the conflict spreading in a region responsible for a third of the world's oil production.
Turning our attention to China, we're eagerly awaiting the release of manufacturing and services PMI data for October. Investors are looking for signs that the world's top importer of crude oil, China, is stabilising economically. Market participants are especially interested in assessing whether Beijing's supportive measures have boosted oil demand.
The US Dollar (USD) is facing resistance as market expectations lean towards the likelihood of the US Federal Reserve (Fed) keeping interest rates at 5.5% in the upcoming Wednesday meeting. However, the US Dollar Index (DXY) is showing positive movement after a lukewarm performance during the Asian session, currently hovering around 106.70.
The 10-year US Bond is making a comeback, reaching 4.85% at the moment, which is providing support for the US Dollar. In addition, investors will keep a close eye on key indicators such as the US ADP Employment Change and the ISM Manufacturing PMI for October.
Investors are approaching the upcoming US Federal Reserve policy meeting and China's manufacturing data with caution, which is leading to a drop in crude oil prices. This cautious stance is overshadowing the support that was previously provided by tensions in the Middle East.
Overall, we are bearish but we are anticipating an up move to $88 price before seeing a drop down to $82, from there another potential drop to the $79 prize zone could happen*!? But right now we will be focusing on that up move to $88 and looking to short it from that level, please see chart above for details!
*Potential further drop to $79 price zone (as mentioned above)
New function in my strategyI've added a new function to my strategy that allows simulating the strategy's performance while gradually increasing the capital used each month, thus simulating both savings and investment simultaneously
Backtest of my strategy docs.google.com
S&P 500 Daily Chart Analysis For Week of Oct 27, 2023Technical Analysis and Outlook:
In this week's price action, the index bounced back to our expected target Mean Resistance of 4255 but quickly fell to retest our previously completed Inner Index Dip at 4212. It then hit the strategic point of the next Inner Index Dip at 4150 and is currently resting at a Mean Support of 4113. On the downside, the index will likely go further down toward the Inner Index Dip at 4055, followed by Next #1 at 3961 and Next #2 at 3850. All this is just for starters. However, there is a possibility of it bouncing back to Mean Resistance 4156.
EUR/USD Daily Chart Analysis For Week of Oct 27, 2023Technical Analysis and Outlook:
As projected, the Eurodollar completed our Inner Currency Rally of 1.070 and retracted to the designated price target Mean Sup 1.053. The intermediate price action suggests the continuation of the Reignited Pivotal Down Move to retest Key Sup 1.047 and completed Outer Currency Dip 1.045 with an extension on the horizon of Next Outer Currency Dip 1.035. Rebound to Mean Res 1.060 is a possibility.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 27, 2023Technical Analysis and Outlook:
The Bitcoin smashed our projections: Inner Coin Rally 30900, Outer Coin Rally 31700, and 34000, resting at completed Inner Coin Rally 35000. The next target is the Next #1 Inner Coin Rally 36300 Next #2 37800, with a near-term final projection of Outer Coin Rally 39200. Be aware that there may be some intermediate pullbacks along the way with the main target 39200. Nevertheless, the market may fall to the Mean Support 32600 before resuming its upside movement.
Can You Explain Your Trading Strategy in 3 Sentences?Can you explain your trading strategy in 3 sentences or less?
Go ahead and give it a try in the comments below.
This is an important exercise for any trader of investor as it demonstrates mastery of an existing strategy. Meaning, if a trader knows their strategy inside and out, and has practiced it or modified it over a period of time, they also can explain it quickly and succinctly.
• Are you a swing trader? What criteria determines a trade?
• Are you a value investor? What metrics do you use?
• Are you an algorithmic trader? What code powers your trading?
All of these questions and more go into explaining your trading strategy, which is ultimately the process you're using to trade markets. However, it's often observed that new traders don't have a strategy. Instead, their trades are impulsive and random. As a community, we can use the comments section below to showcase our individual levels of expertise, helping new traders along the way and watching pro traders innovate.
We look forward to seeing what everyone writes in the comments below.
In addition, the more people who share, the more we can learn.
Be sure to like, follow, and comment on the traders who have the most interesting answers. You may find a great follow and improve your social feed here.
- TradingView Team
CRUDE OIL SHORT TERM LONG Try to catch, a stop below $83 here. We saw the reaction to the last downturn.
The next destination is $80, but maybe that's why we'll refuse here, because everyone expects it
BTC SCALP SHORT Above 31500 cannot be bearish. A 4h triple divergence appears and can be used for quick entry and exit.
It's up to you which leverage you use.
Not financial advice, but simply my ongoing trade
30750 entry
ETH - Potential to break up and test 2500Sometimes things move fast. Bitcoin has surged significantly in the past few days, and the cryptocurrency market has followed to some extent. However, the most dominant upward movement is still with Bitcoin when we look at major cryptocurrencies.
A few days ago, I mentioned that I thought Ethereum might go down to a support area. This scenario can still happen if we don't break through the 1800 level in the near future.
But I believe we will break through 1800 and start moving higher, considering the momentum that has entered the market in recent days.
I've been optimistic since the bottom, but in recent weeks, I was also influenced by the negative sentiment circulating in the media. Fortunately, I didn't take any positions based on that. Instead, I saw it as an opportunity because I have a very positive outlook on the market's future.
If ETH breaks through the 2000 level, I see a strong movement toward the 2500 level. This can happen relatively quickly, but Ethereum and other cryptocurrencies always follow Bitcoin with some delay. So it may take a while before this materializes. Timeframes are always challenging to predict, but I can imagine ETH reaching the 2500 level toward the end of the year.
EURUSD 24.10.2023The EUR/USD currency pair, representing the relationship between the Euro and the US Dollar, is currently facing a bearish trend. This is a result of a combination of factors from both the Eurozone and the US, as well as broader global economic indicators. Here's a breakdown of some key points supporting the bearish outlook:
Strong US Economy: The US has been showing signs of robust economic growth with positive job numbers, rising consumer confidence, and a favorable business environment. This has given the US Federal Reserve the confidence to hint at or even implement monetary tightening, which is supportive for the USD.
European Uncertainties: Political and economic uncertainties in some of the Eurozone's member countries have weighed on the Euro. Disagreements on fiscal policies, banking sector vulnerabilities, and political unrest in some nations have dented investor confidence.
Divergent Monetary Policies: While the US Federal Reserve has been on a tightening path, the European Central Bank (ECB) has been more cautious due to subdued inflation and slower economic growth in the Eurozone. This divergence in monetary policy makes the US Dollar more attractive relative to the Euro.
Trade Tensions: Global trade tensions, especially between the US and its major trading partners, can lead to increased demand for the US Dollar as a safe-haven currency, putting downward pressure on the EUR/USD pair.
Debt Concerns in Europe: Some countries within the Eurozone are grappling with high levels of public debt. This raises concerns about the overall stability of the Eurozone and thereby affects the strength of the Euro.
Technical Indicators: From a technical analysis perspective, various indicators and chart patterns might be pointing towards a bearish sentiment for EUR/USD. This includes factors like moving averages, relative strength indices, and other technical patterns that traders often rely upon.
Geopolitical Concerns: Geopolitical tensions within Europe, or between Europe and other nations, can also play a role in creating a bearish environment for the EUR/USD pair.
SPX LONGI am bullish for SPX even below the first entrance. We come across 200 DMA, after that I will try below.
I still believe that DXY can make 108 in the last move, but I'm watching what the price says for now
EUR/USD 23.10.2023 Over a significant duration, the Euro has demonstrated a consistent bearish trajectory against major currencies. Several economic factors, ranging from sluggish growth in the Eurozone to political uncertainties, have weighed heavily on its value. Additionally, the monetary policies adopted by the European Central Bank (ECB), primarily aiming at stimulating the economy, have inadvertently applied downward pressure on the currency. While the precise duration and future outlook of this trend remain to be seen, it's evident that the Euro has been navigating choppy financial waters for an extended period. Investors and traders are keenly watching for signs of a potential reversal or continuation of this bearish phase.
Naga Dhunseri Mid Term Idea with an RR of 1:5, 50% + ROI1) The stock is poised for a multiyear breakout, it has formed an ascending triangle pattern in monthly timeframe indicating a strong up move once after the ATH is broken.
2) Candlesticks show extremely bullish price action. Inside bars in Monthly as well.
3) RSI in monthly and weekly are supportive, moving up after a small correction.
For a swing trade - One can enter at the demand 1 level if there is a reversal in hourly / 75 min time frame and look for Target 1 and Target 2 zones as targets. 10% up move.
For a mid term trade - One can look to enter at the same demand zone as swing, or once after the ATH is sold off at first and then at a further upside reversal, precisely after a dip and bounce back in Daily timeframe RSI as currently it is inching 90+. As per risk management.
For the Mid term,
SL can be at 1500. Targets at 3100.
Wish you all profits and happy trading!
A Glimpse Into the Future of AI Companies StocksInvesting in AI companies can be a wise decision, but like any investment, it is important to do your research and understand the potential risks and rewards. Companies such as UiPath, Intuitive Surgical, and Palantir Technologies have seen significant growth in recent years, but it is important to consider their market capitalization and share prices before investing.
UiPath, a software automation company, went public in April 2021 with an initial market capitalization of around $36 billion.
Intuitive Surgical, a company that produces surgical robots, has a market capitalization of over $93 billion.
Palantir Technologies, a data analytics company, went public in September 2020 with an initial market capitalization of around $22 billion.
It is also important to consider the rating of the shares and the security of the company before investing. For example, UiPath was rated as a buy by several analysts following its IPO, but investors should also consider the potential risks and competition in the market.
In terms of upcoming IPOs, there are several AI companies that are expected to go public in the near future, including UiPath's competitor Automation Anywhere, online education platform Coursera, Google’s company Waymo, and others.
As with any investment, it is important to do your own research and consult with a financial advisor before making any decisions. While the investment potential of these companies is undoubtedly significant, investors should be aware of the risks involved in investing in new and untested technologies. AI companies are subject to a variety of risks, including regulatory risk, intellectual property risk, and competition from other companies in the sector. As such, investors should carefully consider their investment options and consult with a financial advisor before making any investment decisions.
In terms of investment potential, it's important to note that investing in AI Companies can be risky, as with any new technology. However, for those willing to take the risk, the potential rewards could be substantial. The key is to do your research and choose companies that have a solid business plan and a proven track record of success. It's also important to keep an eye on the broader market trends and economic indicators, as these can have a significant impact on the success of any investment.
When it comes to security, AI technology is still in its early stages and there are certainly risks involved. However, companies that are dedicated to building secure AI systems and investing in the necessary security measures should be able to mitigate these risks to some extent. It's also important to note that as AI technology continues to evolve, so too will the security measures that are needed to protect it.
As AI technology becomes more advanced and more widely adopted, there will be a growing demand for companies that can provide innovative solutions in this space. This presents a significant opportunity for investors who are willing to take a long-term view and invest in companies that are dedicated to the ongoing development of AI technology.
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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
Rating: Risky Buy with High Upwards Potential
Risk Disclaimer!
The article and the data is for general information use only, not advice!
S&P 500 Daily Chart Analysis For Week of Oct 20, 2023Technical Analysis and Outlook:
The Spooz index held staunchly by our completed rebound projection and Mean Res 4378 by tumbling down to Mean Sup 4224, eyeing a retest Inner Index Dip 4212 with an intermediate rebound target to Mean Res 4255. The index could extend to the next Inner Index Dip 4150 for the next week's trading.
EUR/USD Daily Chart Analysis For Week of Oct 20, 2023Technical Analysis and Outlook:
This week's trading saw the Eurodollar drawn to the Mean Res of 1.062, its main attraction. The intermediate price action may cause a pullback to Mean Sup 1.053 before resuming rebounding to Inner Currency Rally 1.070 with the completion of the pullback to follow.
