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USDCAD - Small Pullback before another dropThe USD/CAD pair is making a comeback after recent losses in the last session. As of Monday's Asian session, it's trading higher around 1.3660. The Canadian Dollar (CAD) is feeling the pressure due to a drop in crude oil prices. The price of Western Texas Intermediate (WTI) has been on a decline since Wednesday, hovering around $75.00 per barrel at the moment. The dip in crude oil prices is linked to anticipation surrounding the upcoming meeting of the Organisation of the Petroleum Exporting Countries and their allies (OPEC+). Investors are hoping for an agreement on supply cuts extending into 2024. This decline in oil prices follows OPEC+'s decision to postpone a ministerial meeting to November 30. On a positive note, the Loonie Dollar (CAD) gained momentum on Friday. This was fueled by a Retail Sales report for September that exceeded expectations. Retail Sales (MoM) showed a 0.6% improvement, beating the anticipated 0.0% and the previous -0.1% decline. Retail Sales excluding Autos remained consistent with a 0.2% increase, compared to the previous -0.2% contraction. Meanwhile, the US Dollar Index (DXY) is hovering around 103.40, facing challenges in stopping losses despite improved US Treasury yields. The current 10-year and 2-year bond yields in the US are at 4.50% and 4.97%, respectively. This increase in yields is driven by market speculation that the Federal Reserve may consider easing monetary policy in 2024. Investors are keeping an eye on Canada’s Gross Domestic Product (GDP) and employment data, as well as key indicators from the United States, including Q3 GDP Annualized and Core PCE - Price Index. from our point of view this “recovery” of USDCAD is only temporary and can be interpreted as a pullback for more downside to come (please chart for details).
Short
by financialflagship
My Secret Bitcoin Map for 2024-2025: An Idea You Can't Miss 🚀📈Hey folks. Today, I'll unveil my secret trading roadmap for 2024-2025 🗓. This roadmap will be your trustworthy guide, helping you multiply your initial investments throughout this crypto cycle 🚀. Many traders and investors understand that financial markets are cyclical, and the cryptocurrency market is no exception. This cyclicality implies that price patterns tend to repeat, allowing us to anticipate future price behaviors. I know many analysts analyze and compare cryptocurrency cycles, but I haven't encountered such a comparison before 🧐. Before delving into the chart and predicting the future of Bitcoin and Altcoins, I want to note that I've been refining and testing this plan for the past 6 months ⏳. So far, the accuracy results are truly impressive ✨. More on that later. Global Bitcoin Forecast for 2024-2025 🌐 Now, let's move on to analyzing the chart 📊 and predicting the future price of the cryptocurrency market. In the chart below, I've compared the current Bitcoin cycle, the 2015-2017 cycle, and the 2019-2021 cycle. Did you notice the similarities between each cycle? Yes, the price diverges at times, but there's over a 70% correlation, which is quite significant 👀. It's worth noting that the bearish phase (downtrend phase) has ended. The accumulation phase is also nearing its conclusion. And soon, with high probability, the entire year of 2024 and the beginning of 2025 will see the cryptocurrency market in a bullish trend (growth phase). Pay attention to the current situation. During this period, in relation to the cryptocurrency market cycles, Bitcoin has always been in the accumulation phase (sideways trend). 📅 September - November 2023 In both previous accumulation cycles, it lasted about 200 days, after which there was a breakout upward and growth 🚀. Currently, the price has been in a sideways trend for approximately 170 days. If we go by the past, there's 1 month left before growth begins 📈. By the way, this scenario aligns very well with the months. September has always been a consolidation period 🛑, and October a month of growth 🌱. Currently, many people are expecting the price to fall, and it's no surprise, as this always happens after downturns. The market sentiment changes with the price movement. A week ago, I conducted a poll on my Twitter account and asked my audience: "In your opinion, which will Bitcoin reach first, $20k or $30k?" 61% of respondents believe the market will hit $20k first. Usually, as a rule, the market moves against the majority's opinion. Indeed, at the $19k - $20k level, there's a lot of liquidity 💧, strong levels, and if the price drops to $19k, it would be a great opportunity 🌟 to start investing in the cryptocurrency market. However, it's more likely the price won't drop below $22k - FWB:23K 📉. I'll give a 20% chance 🎲 that Bitcoin will indeed decline. If it does, prices below FWB:23K - $22k are very attractive for buying 💰 (in case of a drop, buy incrementally; this allows for a good average purchase price). The question arises: " If there's growth, where to? " 🤔 It all depends on how the price behaves throughout September 2023. If, during September, the price approaches the $30k mark and begins to consolidate, there's a good chance to reach $40k - FWB:42K 🎯. If the price stays around the same levels throughout September, then the targets might be around $35k 🎯. Additionally, I want to highlight a few patterns. In past cycles, the growth occurred in two waves and lasted about 1.5 months. I anticipate these patterns will repeat, and the cryptocurrency market will be in a growth phase until mid-November. Exact price prediction is impossible, so I set various targets. Everything is relative and will be adjusted in real-time. 📅 November - December 2023 If we look at past cycles, from the beginning of October until mid-November, we should expect growth 📈, followed by a reversal and a sharp decline 📉, likely in December 2023. Again, it's almost impossible to predict the exact fall targets; it could be $19k - $20k, FWB:25K , or the upper accumulation boundary, $30k. Everything will depend on the price growth in October - November 2023. In the 2015 - 2017 cycle, the drop was 40% 🔻, while in the 2019 - 2021 cycle, the price declined by 60% 🔻. Bitcoin's drop in December 2023 will be a holiday gift 🎁; keep an eye on the price 👀 and don't miss the opportunity to buy cryptocurrency at a discount before the start of the bull trend 🚀. 📅 January - May 2024 From the beginning of 2024 until mid-spring, the cryptocurrency market will likely be in a slow upward trend 📈, just as it was in past cycles. In March - April 2024, the Bitcoin halving will take place 🌗, which will certainly awaken the market and lead to increased volatility (sharp price jumps ⚡). Past cycles also suggest that during this period, we should anticipate a local price increase 🚀. Potential uplift levels: FWB:48K - $50k 💰. Also, note that in both the first and second scenarios, the price returned to the initial growth values. 📅 June - September 2024 According to our map, during this market period, we can forecast growth 📈 and an assault on Bitcoin's all-time highs: $69,000 💎. During this time, it's also worth anticipating a surge in news-related momentum 📰. Lately, most global investment funds have been applying for a Bitcoin ETF. Perhaps during this period, we should expect positive news related to this event 🎉. 📅 September 2024 - January 2025 After Bitcoin updates its ATH (all-time highs) 🌟, the price will start to skyrocket 🚀. During this period, you can begin to purchase altcoins, as a significant amount of liquidity will shift from Bitcoin to altcoins, marking the start of the much-anticipated altcoin season 🎉. By the end of 2024, Bitcoin might reach the $100,000 mark 💰 (a key psychological level). This, in turn, will lead to uncontrollable market mania 😲. You will notice the media 📺 extensively discussing Bitcoin and the cryptocurrency market. A vast influx of newcomers 🏃, who have little to no experience in trading or investing, will rush into the market and invest their savings 💼. Big players ("whales") 🐋 during this time will be massively selling their cryptocurrency to retail investors. Be cautious ⚠️, the end is near. 📅 February - May 2025 The final months of the bull market 🐂. At this stage, you've noticed that the cycles have started to differ. However, the dynamics remain similar. A correction followed by the last growth wave 🌊. Systems, models, and indicators point to different targets for this cryptocurrency cycle. I lean towards the new all-time highs (ATH) for Bitcoin being in the range of $130k - $170k 💎. Important All the information provided above is presented strictly for informational purposes and is not a recommendation to buy or sell financial instruments or currencies. I want to note that this map serves as a reference for me, but it is by no means my strategy or system. It helps me regulate my risk level. My primary system and strategy, which I rely upon and am willing to invest my own money in, is a complex of my own Buy/Sell indicators, guided by their signals. 👇 Research independently and manage risk accordingly. In the world of cryptocurrencies, nothing is impossible. ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
INDEX:BTCUSDLong
by Yaroslav_Krasko
2
A Strong Reversal Breakout StockDATAPATTNS looks like it's about to turn around: 1. Moving Average Move: - The stock is breaking through the 50-day average, suggesting a shift in its recent trend. 2. Big Volume Boost: - Lots of people are trading it, showing a lot of interest and confidence in a possible change in direction. 3. Bouncing Back: The stock is bouncing off a price level where it has stayed strong before. 3. Risk and Reward: Candlestick Clue: Keep an eye out for a special candle shape indicating a big market sentiment change. If the lowest point of that candle holds, it's a good sign. For those starting out in stocks, DATAPATTNS seems like an interesting possibility. Anything you need to ask? Here is me : 8800611235. #stocks #trading #investing
NSE:DATAPATTNSLong
by Trendx2
S&P 500 Daily Chart Analysis For Week of Nov 24, 2023Technical Analysis and Outlook: In this week's abbreviated trading session, the S&P 500 index has again shown a constant upward trend. Current price action exhibits a solid indication to hit our completed Inner Index Rally 4590 on July 27, 2023, and move higher to Inner Index Rally #1 4647 and #2 4713, respectively. However, it's important to note that the market may experience transient pullbacks at this level, causing severe drawdown. Once the market successfully achieves these targets, the subsequent squeezes will likely be significant and turbulent. Traders and investors should, therefore, be cautious and watchful during this phase, as it could considerably impact their trading and investment approach.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Nov 24, 2023Technical Analysis and Outlook: After a pullback, the Eurodollar aims for our designated target, Inner Currency Rally 1.099. This comes after the currency repeatedly hit strong Key Res 1.092 in this week's price action. This suggests that the Eurodollar may experience an imminent rally to Inner Currency Rally 1.099 in this upcoming session, potentially bringing it to a primary pivotal squeeze with an extension all the way to Mean Sup 1.087.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 24, 2023Technical Analysis and Outlook: Like last week, Bitcoin's price has remained within the 37800 Inner Coin Rally range and the robust 35600 Mean Support level. This indicates that the market has been relatively stable, with neither bulls nor bears having a strong grip on it. On the upside, there is potential for intermediate upward momentum in Bitcoin's price, which could lead to a breakout above the current Inner Coin Rally of 37800. If this occurs, the next price target would be at the Outer Coin Rally #1 of 39200, followed by #2 of 41200 and #3 of 43700. This suggests that there is significant room for expansion in the near future, which could attract more investors/traders to the market. On the downside, the Mean Support level of 35600 is expected to support Bitcoin's price strongly. If the price were to drop, it would likely find support at this level. Overall, the market is consolidating, with prices trading within a relatively narrow two-thousand-dollar range.
BITSTAMP:BTCUSD
by TradeSelecter
USDJPY - Bullish Pullback ExpectedThe USD/JPY has been on a bit of a slide since last Thursday, hitting an eight-week low of around 147.40 during Tuesday's European session. Right now, it's eyeing the 147.00 mark as immediate support, right after a 38.2% Fibonacci retracement at 146.32. The US Dollar (USD) is taking a dip, reaching a nearly three-month low due to some less optimistic outlook from the Federal Reserve (Fed). This is a big reason why the USD/JPY pair is going down. If this trend continues, it might lead to more bearish movements, possibly heading towards the psychological support around 146.00. If it breaks that level, we could see the pair going down to around 144.60. But, on a positive note, there might be a bit of an upswing first. The major barrier is at 147.50, and if it breaks through that, we might see some support at 148.00. If things go well, the USD/JPY could explore levels around 149.00 or even 150.00. Considering recent liquidity key levels created, we might see a bounce back to those price levels highlighted on the chart, possibly around the 62/70 fibs zone before it continues its downward movement. Since we're near the end of the year, prices might hang around in that zone for a bit before heading further down. What do you think? Please feel free to comment below!
by financialflagship
2
Godawari Power Future Multibagger.Godawari Power : Fundamentals : Company has reduced debt. Company is expected to give good quarter Company has delivered good profit growth of 82.92% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 39.10% Technicals: Created base around 230-250, getting bounce from these levels, can accumlate some at CMP and more if it comes near 230-250. Can add more above ATH. Also bounced from 100 Period MA Investors can hold without SL, if one must, SL is 170 Closing basis. Saptarish Trading.
NSE:GPILLong
by diliplp
1
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OANDA:XAUUSDEducation
by VasilyTrader
3
EURUSD Bearish move in the worksHey there! Let's take a look at what's happening in the market: Good news for the Euro! It's making a comeback, breaking the important 1.0700 mark against the US Dollar. People are thinking that both US and German yields might decrease, and there's a vibe that the Fed won't be raising interest rates in December. On the European Central Bank front, it seems like they're in a bit of a standstill with their tightening cycle. And keep an eye out for the US Inflation Rate – it's expected to be a big deal later in the session. Now, onto the specifics: the Euro is gaining ground against the US Dollar, reaching a six-session high around 1.0730. Meanwhile, the US Dollar is taking a bit of a dip, hanging out in the mid-105.00s according to the USD Index (DXY). Why is the Dollar doing this? Well, US yields are weakening, and there's this ongoing difference between what the Federal Reserve is saying and what investors believe – some think there might be a break in the Fed's normalisation program. Over at the European Central Bank, they're talking about taking a break from their restrictive stance due to inflation running high. Also, good news from Germany and the Eurozone – Economic Sentiment is up! On the flip side, there's a slight contraction in the GDP Growth Rate for the Eurozone in Q3. Hope this gives you a good take on the market movers!
Short
by financialflagship
High Returns, Low Risk: Unveiling a Winning Investment StrategyI am pleased to introduce a robust long-term strategy that seamlessly combines performance with an enticing risk profile. This strategy involves strategically investing in ETFs indexed on the S&P 500 and ETFs backed by physical gold. Let's delve into the rationale behind selecting these two assets: S&P 500: 1. Automatic Diversification: Instant exposure to a diverse array of companies, mitigating the risk associated with the individual performance of a single stock. 2. Low Costs: ETF management fees are typically low, facilitating cost-effective diversification. 3. Liquidity: Traded on the stock exchange, S&P 500 ETFs offer high liquidity, enabling seamless buying or selling of shares. 4. Historical Performance: The S&P 500 has demonstrated consistent long-term growth, making it an appealing indicator for investors seeking sustained growth. 5. Ease of Access: Accessible to all investors, even those with modest investment amounts, requiring only a brokerage account. 6. Simple Tracking: The S&P 500 index simplifies market tracking, eliminating the need to monitor numerous stocks individually. 7. Dividends: Companies included often pay dividends, providing an additional income stream. 8. Long-Term Strategy: Ideal for investors pursuing a long-term approach, S&P 500 ETFs are pivotal for gradual wealth building. 9. Geographical Diversification: Investing in an S&P 500 ETF offers not just sectoral but also geographical diversification. Despite the U.S. base, many included companies have a global presence, contributing to international portfolio diversification. Moreover, Warren Buffett's 2008 bet, where he wagered $1 million on the passive S&P 500 index fund outperforming active fund managers over a decade, underscores the difficulty even seasoned financial experts face in surpassing the market's long-term return. This further strengthens the notion that choosing an S&P 500-linked ETF can be a prudent and effective investment strategy. Investment in Physical Gold ETFs: 1. Exposure to Physical Gold: Designed to reflect the price of physically held gold, providing direct exposure without the need for physical acquisition, storage, or insurance. 2. Liquidity: Traded on the stock exchange, physical gold ETFs offer high liquidity, allowing investors to buy or sell shares at prevailing market prices. 3. Diversification: Gold's unique reaction to market dynamics makes it a valuable diversification asset, potentially reducing overall portfolio risk. 4. Lower Costs: Compared to physically buying gold, investing in physical gold ETFs proves more cost-effective in terms of transaction costs, storage, and insurance. ETF management fees are also relatively low. 5. Transparency: Managers regularly publish reports detailing the gold quantity held, ensuring transparency about underlying assets. 6. Accessibility: Physical gold ETFs offer easy market access without the need for physical possession, appealing to investors avoiding gold storage and security management. 7. Gold-backed ETFs: These ETFs physically hold gold as the underlying asset, with investors often having the option to convert their shares into physical gold. After extensive research and backtesting across diverse ETFs covering various asset classes, including bonds, real estate, commodities, and stocks of financially stable companies, my findings notably highlight a standout option during times of crisis: physical gold ETFs. The strategy hinges on leading indicators, powerful economic tools. Leading Indicators: Leading indicators, or forward indicators, are crucial tools in economics and finance for anticipating future trends. In contrast to lagging indicators, which confirm existing trends, leading indicators provide early signals, aiding informed decision-making based on anticipated economic developments. Key characteristics include: Trend Anticipation: Early insight into upcoming changes in economic activity, facilitating preparedness for market developments. Responsiveness: Quick reactions to economic changes, sometimes preceding other indicators. Correlation with the Economy: Association with specific aspects of the economy, such as industrial production, consumer spending, or investments. Examples include: • Housing Starts: Providing early indications of the real estate market and construction investments. • Net New Orders for Durable Goods: Indicating business investment intentions and insights into the manufacturing sector's health. • US Stock Prices: Considered a leading indicator reflecting investor expectations. • Consumer Confidence: Measuring consumer perceptions and influencing consumer spending. • Purchasing Managers' Confidence and Factory Directors: Offering insights into production plans and future economic trends. • Interest Rate Spread: Indicating economic expectations and influencing borrowing and investment decisions. Returning to the strategy, I leverage entry points calculated by a meticulously developed strategy incorporating leading indicators applied to the SPY chart. The achieved performance of 3496% since 1993, with 15 closed trades, significantly surpasses a buy-and-hold position yielding 1654% in performance. Notably, the maximum drawdown is 5.44%, a stark contrast to the over 50% drawdown seen in an investment in the S&P 500. Upon the indicators signaling the end of the long position, I close my SPY positions and transition to positions in physical gold ETFs. In our example, choosing the GLD ETF yields a performance of 173%, adding to our total performance. While the maximum drawdown, considering the addition of the investment in physical gold ETFs, is 17.65%, slightly higher than the drawdown on the strategy applied to the SPY, it remains impressive for such a prolonged period. Now, if we conduct the backtest since 2007: SPY : performance of 751 %, max drawdown of 4.02 % GLD : Performance of 153 % Since 2015: SPY : performance of 131 % GLD : Performance of 37 % Disclaimer: The information shared is for educational purposes only and is not financial advice. Investing involves risks, and past performance is not indicative of future results. Consult with a qualified financial advisor before making investment decisions. The author is not liable for any financial losses incurred.
AMEX:SPYEducation
by Julien_Eche
6
CRUDE OIL ALL PERSPECTIVE OF CHART Currently, all the movements I look at and position myself differently. It is important to show yourself all the possibilities and get rid of your emotions if I see that the ABC correction is (LONG), it can easily lead to scam wick, which is also not excluded(SETUP-LONG) + Head and Shoulders Pattern(SETUP-LONG). Also, this could be an even bigger drop(Biggest leg down), which is my last option due to the economic situation Acceptance below 200 and 50 Weekly Moving Average(SETUP-SHORT)
TVC:USOIL
by learnfromfailure
S&P 500 Daily Chart Analysis For Week of Nov 17, 2023Technical Analysis and Outlook: The S&P 500 index has been showing a consistent upward trend for a while now, and it has reached our designated Mean Resistance level of 4515 in this week's price action. This price level indicates a strong indication of retesting our completed Inner Index Rally 4590 on July 27, 2023. However, it's important to note that the market may experience a temporary pullback at this level, causing it to fall back to Mean Support of 4487. This transient retracement is essential for gathering momentum for the next rally phase. If the market successfully retests the completed Inner Index Rally, the subsequent pullback will likely be significant and turbulent. This means traders and investors should be cautious and watchful during this phase, as it could considerably impact their trading and investment approach.
SP:SPX
by TradeSelecter
3
EUR/USD Daily Chart Analysis For Week of Nov 17, 2023Technical Analysis and Outlook: The Eurodollar has experienced a notable recovery after successfully achieving the designated target of Inner Currency Rally 1.077. This means the Euro has bounced back significantly and shows positive momentum in the currency market. However, as the Eurodollar approaches the next selected mark, Key Res 1.092, it may encounter significant resistance. The price of this resistance level is essential, suggesting whether the Eurodollar will likely fall further. Furthermore, if the Eurodollar fails to surpass the Key Res 1.092 level, it could continue its downward momentum and reach the Mean Support level of 1.084. This crucial support level will offer a substantial price platform against further downward movements. Therefore, it is also essential to keep an eye on the Eurodollar's performance at this level.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 17, 2023Technical Analysis and Outlook: Currently, the price of Bitcoin has been contained within our completed Inner Coin Rally of 37800 and vital Mean Sup of 35600. This has resulted in a trading tunnel that is particularly beneficial for those experienced in active trading. However, it is worth noting that the price is currently dropping towards the Mean Sup of 35600, and there could be a possibility of a further correction to the Mean Sup of 33900. On the upside side, Bitcoin's price has the potential to reach the Next #1 Outer Coin Rally of 39200, #2 41200, and #3 43700. This indicates a prospect for upward momentum in the near future. Observing these price-action developments closely is crucial, as they could allow investors/traders to profit from the market. Understanding these price fluctuations and knowing when to act can be extremely beneficial in maximizing returns.
BITSTAMP:BTCUSD
by TradeSelecter
RUNE SCALP SHORT, STILL BULISH FOR LONGin the analysis below I have shown two scenarios that I see (the link will be in the description) rejection from 2.2 or continuation of filling all levels up to 3.35. Since the second scenario happened, I expect a slight cooling to at least 2.7, and if it is risky to short the upward trend, Daily divergence on RSI is displayed and at 4H it is already taking place. I remain bullish on this coin, but I will certainly try to hedge position
Short
by learnfromfailure