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Deutsche Bank (DBK): Earnings beat but loan losses double We missed the optimal entry for Deutsche Bank (DBK), but the analysis was accurate overall. The earnings report showed some resilience with a revenue increase of 5.2% year-over-year, reaching €7.50 billion, slightly above analyst expectations of €7.30 billion. The stock reacted with a modest dip, but nothing significant. However, Deutsche Bank reported a notable rise in loan losses, which doubled to €494 million in Q3 2024 compared to €245 million a year ago, aligning closely with the €482 million forecasted by analysts. From a technical standpoint, our primary count still appears valid, though it’s a bit on the lower side. This could indicate that wave 3 might not be the longest wave in this count, which is atypical but possible as long as it’s not the shortest. We’re targeting a potential endpoint for wave 5 within the HTF resistance zone, aligning with the 50-61.8% Fibonacci extension level, where we could look for a long position if the setup confirms. We will continue to monitor DBK closely as this potential target level nears and adjust accordingly.
XETR:DBK
by freeguy_by_wmc
Gold price drifts lower amid elevated US bond yields, Fed rate c•Gold price ticks lower on Monday following the post-NFP price action whipsaw. •Elevated US bond yields act as a tailwind for the USD and exert pressure on the XAU/USD. •A softer risk tone should help limit deeper losses as the focus shifts to the US inflation data. Gold price (XAU/USD) staged a goodish intraday recovery of around $40 from over a two-week low touched in the aftermath of the better-than-expected monthly employment details on Friday, albeit lacked any follow-through. The momentum ran out of steam near the $2,064 region amid the uncertainty about the Federal Reserve's (Fed) rate-cut trajectory, which, in turn, held back traders from placing aggressive directional bets around the non-yielding yellow metal. The incoming US economic data pointed to a still-resilient economy, which, along with hawkish remarks by Fed officials, dashed hopes for a more aggressive policy easing by the central bank. This remains supportive of elevated US Treasury bond yields, which act as a headwind for the US Dollar (USD) and exert downward pressure on the Gold price during the Asian session on Monday. That said, a softer risk tone might help limit losses for the safe-haven XAU/USD. Concerns about a slow economic recovery in China, along with geopolitical risks, weigh on investors' sentiment, which is evident from a fresh leg down in the US equity futures. Traders might also prefer to wait for the release of the US consumer inflation figures on Thursday to confirm the next leg of a directional move for the Gold price. This makes it prudent to wait for strong follow-through buying before positioning for the resumption of a one-week-old downtrend. Daily Digest Market Movers: Gold price is undermined by reduced bets for aggressive Fed rate cuts •Investors further scale back their expectations for an imminent shift in the Federal Reserve's policy stance following the release of a robust December monthly US jobs report on Friday. •The US economy added 216K new jobs last week as compared to 170K expected, while the unemployment rate held steady at 3.7% vs. consensus estimates for an uptick to 3.8%. •Adding to this, US Factory Orders surprised to the upside and grew more than expected in November, by 2.6%, after declining 3.4% in October (revised slightly up from -3.6%). •Separately, the Institute for Supply Management (ISM) survey indicated that the US services sector, which accounts for more than two-thirds of the economy, slumped last month. •The ISM's Non-Manufacturing Index dropped to 50.6 in December – the lowest reading since May – and the employment sub-component plunged to 43.3 – the lowest since July 2020. •Dallas Fed President Lorie Logan noted that if the US central bank does not maintain sufficiently tight financial conditions, there is a risk that inflation will pick back up, reversing progress. •This comes after Richmond Fed President Thomas Barkin last week expressed confidence that the economy is on its way to a soft landing and said that rate hikes remain on the table. •The yield on the benchmark 10-year US government bond holds steady above the 4.0% threshold, which acts as a tailwind for the US Dollar and is seen undermining the Gold price. •The markets, however, are still pricing in a greater chance of the first interest rate cut by the Fed at the March meeting and a cumulative of five 25 basis points (bps) rate cuts for 2024. •China's economic woes, along with an escalation of tensions in the Middle East, could lend some support to the safe-haven XAU/USD ahead of the US consumer inflation figures on Thursday. •Lebanese militant group Hezbollah sent a barrage of rockets into northern Israel in what it called a “preliminary response” to the assassination of Hamas senior leader Saleh al-Arouri on Tuesday. •The markets react little to an agreement between House Speaker Mike Johnson and Senate Majority Leader Chuck Schumer on topline spending level, which breaks the deadlock to avoid a shutdown. Technical Analysis: Gold price seems vulnerable, multi-week low around $2,024 area holds the key From a technical perspective, any subsequent slide is likely to find some support near the $2,030 level ahead of Friday’s swing low, around the $2,024 area. Some follow-through selling will be seen as a fresh trigger for bearish traders and drag the Gold price to the 50-day Simple Moving Average (SMA), currently around the $2,012-2,011 area. This is followed by the $2,000 psychological mark, which if broken should pave the way for a further near-term depreciating move. On the flip side, momentum beyond the $2,050 immediate hurdle might continue to confront stiff resistance near the $2,064-2,065 area ahead of the $2,077 zone. A sustained strength beyond the said hurdles might prompt a short-covering rally and allow the Gold price
OANDA:XAUUSDLong
by sniper_2022
The Fall of the Titans: Crypto Downtrend Unfolding on the 4hAre we witnessing the Fall of the Titans? Is crypto, the digital currency titan that has been dominating the financial landscape for over a decade now, showing signs of slowing down? The recent data on the 4h chart reveals an unfolding story - a Crypto Downtrend that may have significant implications for investors and enthusiasts alike. In this modern era of finance, cryptocurrencies have morphed from being an underground secret of the tech world into an open powerhouse that shapes financial markets globally. However, they have not been without their share of unpredictability and turbulence. The recent activity on the 4h chart, particularly, paints a picture of a potential shift in momentum - a Crypto Downtrend. Understanding The 4h Chart Before we delve into the specificities, it's crucial to understand what a 4h chart signifies. The 4h chart, as the name implies, represents price movements over 4-hour periods. Traders often use this intermediate timeframe to discern the medium-term trends in the crypto market, which allows them to plan their strategies accordingly. The 4h chart gives a more comprehensive view of market dynamics as compared to the shorter timeframes, without getting drowned in the long-term noise of the daily or weekly charts. Indicators of a Crypto Downtrend In crypto trading, several indicators suggest a potential downtrend. Key among them are lower highs and lower lows, which hint at a declining price momentum. Other indicators such as the moving averages, the Relative Strength Index (RSI), and the MACD can further support these observations. In the current scenario, the 4h chart shows a pattern of lower highs and lower lows, which is a tell-tale sign of a Crypto Downtrend. Additionally, the moving averages have seen a bearish crossover, while the RSI is hovering in the lower regions. These all point to a potential reversal of the bullish trend we've been experiencing. Impact of the Crypto Downtrend This potential Crypto Downtrend has significant implications. For one, it indicates a period of price correction, where the overvalued prices return to more realistic levels. While this could be a cause of worry for some investors, it could present an opportunity for others. For investors who have been waiting on the sidelines, this could be their chance to get in, to buy the dip. On the contrary, those who are heavily invested might want to brace themselves for potential losses, or consider hedging their investments. The Way Forward While the current observations from the 4h chart do point towards a Crypto Downtrend, it is essential to remember that the world of cryptocurrencies is known for its volatility. In the world of crypto, trends can reverse quickly and unexpectedly. Therefore, investors and traders should always stay vigilant and responsive to the changing market dynamics. Also, it's important to note that a downtrend isn't necessarily a bad thing. In fact, it can serve as a healthy correction in an otherwise overheated market, paving the way for sustainable growth in the long run. So, is this the fall of the digital titans, or merely a small bump in the road? Only time will tell. For now, though, it’s a good time to stay alert, plan your strategies, and tread with caution in the fascinating world of crypto. --------------------------- This article is for informational purposes only and does not constitute financial advice. Always do your research and consult with a professional before making any investment decisions. Crypto trading involves risk and is not suitable for all investors.
Short
by Titans_Trading
1
KDA price targets for 2022I have another chart for KDA with a cleaner price action moving into the middle of December 2022. I have two price targets which are $0.46 at the 1.68 Fibonacci line and one at $0.59 which is another Fibonacci line. From the previous top, we had a 43% drop in price, and taking the same percentage drop into this recent possible high would bring us down to the 1.68 Fibonacci line. The second drop is so near to the 1.68 that I decided to use this as the stronger price target if we go lower. If Bitcoin does reach a $9500 price target then we could see this crazy low for KDA of $0.46. I also used a measured move on the previous high-to-low shown with the two yellow lines dropping down into the descending channel.
Short
by altcoinb
Bitcoin Inverse Cup and Handle pattern 2022Could we be seeing an inverse cup and handle pattern forming here? Looks pretty close to one if you ask me. We have this trendline that has yet to be broken since the high of $69k for Bitcoin back in April 2021. I have a hunch Bitcoin will possibly try to break this yellow descending trendline and then make for a serious correction to the downside possibly down to the $12k range. Gareth Soloway is the one I saw this trendline with but i have not seen anything on this cup formation as of yet.
BITFINEX:BTCUSDShort
by altcoinb
Will Bitcoin Cash see $25.00?BCH has always followed in the foot steps of Bitcoin rightfully so consider BCH is a soft fork of Bitcoin itself, hence the name Bitcoin Cash. Over this past cycle Bitcoin Cash has managed to perform above average in my opinion. I am one of those people whom believes that BCH will follow the price of Bitcoin itself and will one day be worth over $20K although that depends heavily upon financial regulations that could unfortunately put an end to BCH, an highly unlikely scenario, but none the less could happen. Now the purpose of this chart is to show the major downward angles and how BCH is building them into support. It appears as if we have made it out of a strong resistance barrier. Although we are hovering around $101.20 as of the time of writing this. I am not to optimistic about the price of #BCH at this moment I am eye balling the low at around $25 to $75 We can see on the chart that BCH seems to be stuck below the $103.00 resistance level and is looking to take a leg lower. I am going to go out on a limb here and say that Bitcoin Cash will be dropping some time before Wednesday. I normally don't throw a day out like this, but I feel confident saying that considering all the charts and news that I have reviewed recently. I also have a nice buy order set up below $25 In my opinion if Bitcoin takes this next leg down as I have been expecting than we will see Bitcoin Cash do the same as well. When this happens Bitcoin Cash should bottom out as well. When Bitcoin itself was around this point age wise on a lot of exchanges the price dropped to .01 cents for a moment. I would of liked to have bought #Bitcoin at that price, but I didn't get a chance to.
by Cryptocrash1
FKLI TRADING : 133) this is trade 133 frm haidojo trading... the current low of 1547/or the impulse leg A has been violated...so both advanced patterns are no longer valid... In term of price-action, 1560 has turned frm support-to-resistance...but formation of lower-low at 1540 is too close to the previous one... from the past experience, this might indicate a possible reversal to the upside...but it is too early to say...we must look closely to the range of 1585 and the new low 1540...any breakout of this range will tell us the direction of the market... resistance : 1585 (reversal to bull) immediate resistance : 1560 current support : 1540-1547(continue to bear) lower support : 1512-1520 green box and bullish cypher pattern WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FKLI1!Short
by HAIDOJO_trading