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TESLA: Hit the July 2023. Doesn't look it will stop before $400.Tesla is approaching the overbought state on its 1D technical outlook (RSI = 68.976, MACD = 8.690, ADX = 38.748) but the 1W chart still on healthy enough levels (RSI = 63.761) to keep fuelling the uptrend despite today's enormous +15% rise approximately. The reason is that the double testing and hold of the 1W MA50 in October kickstarted Phase 2 of the bullish wave of the 2 year Channel Up. That can keep rising until the 1W RSI is well overbought. The first bullish wave completed a +194.25% rise at the top of the Channel Up, so there is no reason to expect otherwise on the current wave also. That is our long term target (TP = $400). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
1
USD pullback, GBP bullish expectations strengthenedThe dollar briefly hit a high as expectations for the stimulus effects of President Trump's policies rose again after his re-election. However, on the eve of the US and UK central bank resolutions, the dollar pulled back. Mr. Trump's economic plans could boost demand in the short term, analysts say, but the risks of deficits and inflation that come with them could make the dollar volatile in the future. After hitting a high of 105.25, the dollar index (DXY) retreated and is currently down 0.27% at 104.88, mainly as markets start to re-digest the Fed's path of response to inflationary pressures. With last week's weaker-than-expected non-farm payrolls data and a less clear inflation outlook, the market sees a 67% chance that the Fed will cut rates by 25 basis points tonight and raise rates in December. The pullback comes as the euro and sterling rally against the greenback. The euro was up 0.3 percent against the dollar at 1.0758, having not been significantly dragged down despite the political crisis in Germany. Sterling rose 0.19% to 1.2902 against the dollar, with the Bank of England widely expected to cut its benchmark interest rate by 25 basis points tonight, taking it to 4.75%. Some of the pound's strength stems from expectations that the U.K. government will continue to push through stimulus policies to support demand in the domestic economy, though that also means there will be considerable pressure on the pound's strength over the longer term.
Long
by fm4tfm4t
Gold market trend analysis and operation strategyI personally prefer to rebound to around 2680. Whether it will break through 2680 depends on the market conditions in the past two days. Of course, even if it reaches 2680, it is expected to be next week. At present, the price has fallen more in the 4-hour level, and the technical pattern has followed quickly. At present, the K-line continues to be under pressure and the short-term moving average remains weak. After the opening of the hourly level, it fell below the previous terraced support belt. In the short-term trend, pay attention to whether there is a secondary decline after the rebound repair. In the early trading, the gold 2662 line arranged short orders, and fell back to the 2643 line as expected to harvest a wave. Now the 1-hour chart 2667 line is blocked, which happens to be the pressure of the downward trend line. If it can't get through here, the short-term trend may still fluctuate! ! ! On the whole, today's short-term operation strategy for gold is to short on rebounds and long on pullbacks. The short-term focus on the upper side is the 2668-2670 resistance line, and the short-term focus on the lower side is the 2600-2605 support line. Friends must keep up with the rhythm Short (buy down) two-tenths of the position in batches near 2667-2670 in the early trading of gold, stop loss 6 points, target near 2640-2620, break to see the 2605 line Gold pulls back to 2600-2605 and buys two-tenths of the position in batches (buy up), stop loss 6 points, target near 2615-2625, break to see the 2640 line
OANDA:XAUUSD
by Scarlett-Rose
XAUUSD: Key Resistance 2712-2720Following the rate decision, gold saw a slight pullback as expected, then rebounded near support. Those following the long strategy have locked in profits. Looking ahead, the focus now shifts from support to resistance, specifically in the 2712-2720 range. If gold reaches or approaches this resistance zone, it may offer an opportunity for short trades. However, caution is advised; avoid excessive risk, and stay alert to signals of a potential trend shift in the broader timeframe.
OANDA:XAUUSDShort
by Mia-Signal
1
DJT a winner in life. A winner in the market? Hello Traders, Quite obvious large wedge pattern emerging here, with price action sitting on a solid support. If it breaks support below shown on the chart, we will more likely than not, come down between $10 & $11. This would have course be our best entry point. Could it happen? OF COURSE, this is why we do TA! It is to assure we have a plan for all possibilities and minimize risk along the way! That being said, where price action is currently, we could very likely start next week with a green candle and continue it through mid week and if so my plan is to start buying some contracts If the week closes green. Possibly a few if we get two green closes M & T. it’s very likely to break out in the next month or two. Maybe within another 1-2 weeks. If we see a solid green candle close next week. In addition, look at that massive sell volume that couldn’t even break support. My money is on the bounce and then breakout here where we stand! Best of luck and always follow the path of less resistance and have a plan for a diverging outcome! This is law if you want to be consistently profitable! Stay Profitable, Savvys
NASDAQ:DJTLong
by Crypto_Kinfolk
4
#FLUX (SPOT) entry range( 0.55 - 0.59) T. (0.9099) SL (0.5409)entry range( 0.55 - 0.59) Target (0.9099) SL .4H close below (0.5409) note .... (This trade may give you 100% profit but we are taking 54% from the highest entry point so you can keep a little for incremental revenue with very tight stoploss ) ************************************ BINANCE:FLUXUSDT #FLUX #FLUXUSDT #FLUXUSD NASDAQ:FLUX #swingtrade #shortterminvestment #ALTCOIN #Cryptotading #cryptoinvesting #investment ##trading #cryptocurrencytrading #bitcoininvestments #Investing_Coins #Investingcoins #Crypto_investing #Cryptoinvesting **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX **** #bitcoin #BTC #BTCUSDT
Long
by Crypto_alphabit
2
Bitcoin Analysis Strategy SignalsSome time ago, the price fell to the trend line, then immediately rebounded and rose to support level 2, which coincides with the support area. Soon, the price broke through this level, retested and continued to rise, but later turned around and corrected to support level 2. Then, BTC tried to rise again, but again corrected towards the trend line, and then finally started to rise. In a short period of time, BTC rose to support level 1, which coincides with another support area, sometimes trading near the trend line, and then fell to the trend line. The price sometimes traded between this line, and later there was a strong rise, breaking through support level 1 and even above the support area. At present, the price continues to rise, and I expect BTCUSDt to correct to the support area and then continue to rise. For this, I set the target at 77400 points.
by Scarlett-Rose
Gold in weekly chartHello guys This is my last analysis. I hope all of you have found your way in this tricky market and for now I just want to show you how XAU will fluctuate in the next weeks. I am not 100 percent sure if wave (iv) has started or not but if it has started then all swing traders should be more careful about this corrective pattern(wave 4th). According to fundamental news and war and peace rumours around the world, a 4 wave patter makes sense. Be safe and Happy my friends
COMEX:GC1!
by AMA_FX
2
PEPE - NO CONTEXT - UPDATE I have a god feeling that we are in a wave 4 formation and I think it will be a Running Triangle for the fact that we have seen 150% extension for it wave B- but I am not disregarding the fact that we could get other variation such as a Flat, Running Flat or an Extended Flat. Either way we will see BINANCE:PEPEUSDT losing at least 10-20% in coming weeks. (see previous analysis for context) OTHER ANALYSIS BINANCE:ARBUSDT BINANCE:PEOPLEUSDT BINANCE:RSRUSDT BINANCE:NEARUSDT
Short
by DewyCandles
31
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EIGHTCAP:XAUUSDLong
by ForexMasters2000
2
Fundamental Market Analysis for November 08, 2024 EURUSDEvents to pay attention to today: 17:00 EET. USD - UoM Consumer Sentiment 18:00 EET. USD - FOMC Member Michelle W. Bowman Speaks EURUSD: The EUR/USD exchange rate is declining towards 1.07800 due to increased demand for the US dollar during Asian trading hours on Friday. Furthermore, the prospect of increased tariffs under the Trump administration is exerting downward pressure on the euro relative to the US dollar. Analysts anticipate further market movements based on the release of the expanded Michigan consumer sentiment data for November, as well as a speech by Federal Reserve (Fed) chair Michelle Bowman on Friday. As anticipated, the US Federal Reserve reduced its key interest rate by 25 basis points at its November meeting on Thursday. The US central bank is keen to avoid any further weakening of the labour market and still anticipates a gradual decline in inflation towards the Fed's 2% target. It is anticipated that the Fed will continue to reduce interest rates at forthcoming meetings, although the precise timing remains unclear. The Fed will continue to assess data in order to determine the appropriate pace and direction of interest rate cuts. Mr. Trump has pledged to impose a 10% tariff on imports from all countries, which has exerted downward pressure on the euro. The European Union has the second-largest trade deficit with the United States in the world and is the largest exporter to the United States, according to JPMorgan. Furthermore, the European Central Bank (ECB) is reducing interest rates at a faster pace than the Federal Reserve. This may result in a depreciation of the euro against the US dollar. The ECB has already reduced rates three times this year due to declining inflation risks in the Eurozone. Growing expectations of another rate cut are contributing to the euro's decline in the near term. Trading recommendation: We follow the level of 1.08000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
by Fresh-Forexcast2004
1