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NZDCAD Will Go Lower From Resistance! Sell! Please, check our technical outlook for NZDCAD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.835. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.828 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
TIGR UP Fintech Holding Limited Options Ahead of EarningsIf you haven`t bought TIGR before the previous earnings: Now analyzing the options chain and the chart patterns of TIGR UP Fintech Holding Limited prior to the earnings report this week, I would consider purchasing the 4usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $0.72. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:TIGRLong
by TopgOptions
EURUSD Will Move Lower! Sell! Please, check our technical outlook for EURUSD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.096. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.092 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
FXI Still Time to Capitalize on the China Stimulus RallyThe recent surge in Chinese stocks following China’s central bank stimulus announcement signals a promising opportunity for those looking at the iShares China Large-Cap ETF. The stimulus package, part of a series of aggressive moves from Chinese policymakers, reflects a significant shift in their approach to economic management. For years, China hesitated to implement large-scale stimulus measures, fearing the long-term risks. However, the latest actions show that this cautious mindset has been abandoned, with the government now prioritizing immediate economic recovery. This newfound willingness to deploy powerful monetary tools suggests that China’s central bank is prepared to act decisively to combat the economic pressures the country is facing. With this level of commitment, it’s reasonable to expect that the stimulus will have a meaningful impact, potentially accelerating growth in key sectors. The iShares China Large-Cap ETF, which tracks some of the largest Chinese companies, stands to benefit significantly from this shift. As these companies often reflect the broader health of China’s economy, investors could see strong gains in the near term as the effects of the stimulus ripple through the markets. Given the central bank's proactive measures and the potential for further interventions, the iShares China Large-Cap ETF presents a compelling opportunity for bullish investors who want to capitalize on China's economic rebound.
AMEX:FXILong
by TopgOptions
SPY S&P 500 ETF End of the Year Price Target If you haven`t bought the recent dip on SPY: Now with Goldman Sachs lowering U.S. recession odds from 20% to 15% and raising their 2024 year-end S&P 500 target to 6000 from 5600, the outlook for the market appears increasingly optimistic. The reduced recession risk suggests stronger economic stability, and the upward revision in the S&P target points to continued growth potential. Given these factors, I agree that a year-end price target of 600 on SPY is achievable.
AMEX:SPYLong
by TopgOptions
ETH Rejection at $2,461: Bearish Target $2,320?The Ethereum (ETH/USDT) chart on the 1-hour timeframe shows a significant price rejection from the $2,461 level, which is a key resistance zone. The price is currently hovering around $2,406, and the trend is favoring a bearish outlook. Here is a brief analysis and trading strategy: Key Levels: Resistance Zone: $2,461 - $2,460 (red zone) Support Levels: $2,357 (first target), $2,320 (secondary target) Analysis: The price is facing strong resistance from the $2,461 level, with multiple rejections indicating the dominance of sellers. The short-term moving averages are aligning with the bearish trend, and the price is struggling to break back into the resistance zone. The next probable move, as shown by the red arrows, is a bearish continuation towards the first support level at $2,357, with a further possible drop to $2,320 if the selling pressure continues. Trading Strategy: Short Position: Consider shorting near the $2,414 - $2,461 resistance zone if the price fails to break above it. Target $2,357 initially, and if the bearish momentum continues, aim for $2,320. Stop Loss: Place a stop just above the $2,461 level to limit risk. This setup favors bearish traders, but monitor the price action closely near the support levels for any signs of reversal.
by Suyouu
BTC at a Crossroad: Bounce or Drop to $57,885?The BTC/USD 4-hour chart shows several key technical patterns that can guide a trading strategy: Resistance and Downtrend: There is a visible resistance zone around $62,441, marked by the red area and a descending trendline. The price has previously reacted at this level and rejected it, indicating that sellers are currently in control around this region. Any attempt to break above will face resistance, and short positions can be initiated near this level. Support Zones: The $57,885 level is a crucial support area. If the price falls below the current zone (around $60,800), we can expect it to test the $57,885 support. A break below this support would open up more downside potential, possibly triggering stronger sell-offs. Potential Rebound: The blue path shows a possible bounce from the $60,800 region, leading to a brief upside before hitting resistance again. However, unless BTC can decisively break above the $62,441 level, this upside is likely to be limited. Strategy: Short Position: Enter near $62,247 - $62,441, with a target towards $60,800 or lower. Tight stop loss just above the descending trendline. Long Position: Consider entering near the $57,885 support if the price holds, targeting a potential recovery back to $60,800.
BITSTAMP:BTCUSDShort
by Suyouu
BTCUSDT Dips: Sell Near Resistance or Buy at Support ?Today's BTCUSDT market movement is influenced by several key factors, along with technical signals from the chart. Key News Impacting BTCUSDT: U.S. Economic Data: Recent positive employment data from the U.S. has strengthened the dollar, which often puts downward pressure on Bitcoin as investors lean towards safe-haven assets. Regulatory Developments: Ongoing discussions around cryptocurrency regulations, particularly in the U.S. and Europe, are creating uncertainty in the market, leading to cautious trading behavior. Institutional Interest: Despite the recent pullback, institutional interest in Bitcoin remains strong, which could support prices at key levels. Technical Analysis: The BTCUSDT chart shows a significant resistance level near $65,937, where sellers have previously dominated the market. The price has now retraced from this resistance and is showing potential to move down towards the support zone around $53,967, which could provide an ideal buy opportunity for bulls. Recommended Trading Strategy: Bearish Scenario (Sell) : If BTC remains below the resistance level of $65,937 and fails to break above, a short position can be considered. Target the $58,200 level initially, with a deeper target near the $53,967 support zone. Bullish Scenario (Buy): For those waiting to buy, entering around the $53,967 support zone offers a strong potential bounce as this area has historically attracted buyers. Traders should keep an eye on news regarding regulatory shifts and institutional moves, as these could trigger rapid market changes, particularly if BTC nears critical support or resistance levels.
by Suyouu
Gold price today: expected to continue the decline!Hi everyone! The global gold price continues its downward spiral today, extending its decline from the peak of $2,670 per ounce and at times dropping close to the $2,600 mark. This marks the sixth consecutive day of losses for the yellow metal, with the primary reason being the strong rally of the US dollar. The US Dollar Index has now hit its highest point in nearly two months, making gold more "expensive" for those trading in other currencies. Adding to the pressure, the market is also grappling with expectations around the US Federal Reserve's (Fed) potential interest rate cut in the upcoming November meeting. According to the latest Fed policy meeting minutes, some officials are leaning toward a more significant rate cut, while others favor a more conservative 25 basis point cut, arguing that a 50-point cut might be too risky.
OANDA:XAUUSDShort
by ConanTradingFX
XAUUSD: Should I buy or sell!Hello everyone! Today, gold is showing a clear downtrend. Especially after breaking through the key support level at $2630, the downward trend has become even more pronounced. This decline is further confirmed as gold continues to trade below the EMA 34-89 moving averages and remains confined within a parallel descending channel (2625 - 2645), signaling that buying momentum in the market is gradually weakening. Additionally, investor sentiment has been dampened as expectations of the Fed maintaining its loose monetary policy have significantly diminished. This has given the USD more strength, further pressuring gold, a non-yielding asset. With these clear signs of weakness, according to Conan's analysis, it's highly likely that gold will continue to drop in the short term, potentially falling below the $2600 mark as long as the descending channel remains intact.
OANDA:XAUUSDShort
by ConanTradingFX
Gold Faces Major Resistance, Risk of Deeper DeclineGold is currently fluctuating around $2,614.145, sitting below key resistance levels at $2,650.165 and $2,624.195. These are significant barriers that buyers need to break through to sustain the upward momentum. However, with the EMA 34 and 89 lines positioned above the price, selling pressure remains dominant, reinforcing the current downtrend. If these resistance levels cannot be breached, gold may face a deeper correction, potentially falling to the support level of $2,604.393 and further down to $2,576.672 if selling pressure persists. Geopolitical tensions in the Middle East, along with key economic news from the U.S., are fueling strong market volatility, making investors increasingly cautious.
OANDA:XAUUSD
by Zola_Hello
VIX Will Go Lower! Short! Here is our detailed technical review for VIX. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 21.94. Considering the today's price action, probabilities will be high to see a movement to 20.13. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
TVC:VIXShort
by SignalProvider
1
GBPUSD Is Bearish! Short! Here is our detailed technical review for GBPUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.307. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.286 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1