USD/JPY May Experience Slight DeclineIn Tuesday's Asian trading session, the Japanese Yen (JPY) weakened against the US Dollar (USD), moving away from the one-week high reached the previous day. However, the decline in JPY may be limited as traders remain cautious amid the uncertainty surrounding the US presidential election, coupled with expectations that the Bank of Japan (BoJ) will raise interest rates in December.
At the same time, the ongoing "Trump deal" and expectations that the Federal Reserve (Fed) may cut interest rates later this week have led to a decline in US Treasury yields, narrowing the interest rate differential between the US and Japan. This weakens the demand for USD, providing support for JPY. Additionally, a weaker risk sentiment could favor the Yen and limit significant upside moves in the USD/JPY pair.
With resistance at 152.337, the USD/JPY pair may struggle to maintain strong upward momentum. If the price fails to break above this level, the likelihood of a downward correction increases, with the nearest support levels at 151.500 and 151.000. However, if the Yen continues to face pressure from macroeconomic factors such as US election uncertainty or expectations surrounding the BoJ’s monetary policy, the USD/JPY pair may still test the 152.337 resistance again.
Signal
Declines Ahead of U.S. Presidential ElectionOn the global market, spot gold prices edged down by 1.8 USD, settling at 2,736.9 USD/ounce, while gold futures also recorded a decline, reaching 2,745.9 USD/ounce. Investors are currently focused on upcoming key events, such as the U.S. presidential election and the Federal Reserve's interest rate decision.
From a technical analysis perspective, the resistance level at 2,747 USD is posing a challenge for gold in the short term, preventing prices from maintaining an upward momentum and exerting pressure for a potential downward correction. Although support at 2,734 USD is helping to prevent a deeper decline, the recovery of gold's upward trend remains difficult.
Overall, the gold market is currently driven by short-term technical factors, while macroeconomic events such as the Fed's decision and the U.S. presidential election will play a crucial role in determining the long-term trend of gold prices. Investors will need to closely monitor support and resistance levels, while also keeping an eye on macroeconomic factors to make informed investment decisions.
USDJPY - INTRADAY IDEAExecute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
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GOLD - IDEAAfter capturing a bit of scalp towards the upside it's heading towards the downside and can look for LONG once it reaches the mark zone and gives some confirmations on M15.
Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
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GBPJPY - SHORT - INTRADAYExecute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
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GBPUSD On The Rise! BUY!
My dear friends,
GBPUSD looks like it will make a good move, and here are the details:
The market is trading on 1.2913 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.2964
Recommended Stop Loss - 1.2884
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
USOIL Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for USOIL below:
The instrument tests an important psychological level 69.29
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 70.28
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURGBP Under Pressure! SELL!
My dear friends,
My technical analysis for EURGBP is below:
The market is trading on 0.8394 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8363
Recommended Stop Loss - 0.8411
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURCHF Technical Analysis! SELL!
My dear subscribers,
EURCHF looks like it will make a good move, and here are the details:
The market is trading on 0.9402 pivot level.
Bias - Bearish
My Stop Loss - 0.9412
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9383
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EURUSD A Fall Expected! SELL!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0904 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.0862
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
ILMN Illumina Options Ahead of Earnings Analyzing the options chain and the chart patterns of ILMN Illumina prior to the earnings report this week,
I would consider purchasing the 140usd strike price in the money Calls with
an expiration date of 2024-12-20,
for a premium of approximately $16.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
VRTX Vertex Pharmaceuticals Options Ahead of EarningsAnalyzing the options chain and the chart patterns of VRTX Vertex Pharmaceuticals prior to the earnings report this week,
I would consider purchasing the 472.5usd strike price Puts with
an expiration date of 2024-11-8,
for a premium of approximately $14.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BBAI BigBear ai Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BBAI BigBear ai Holdings prior to the earnings report this week,
I would consider purchasing the 2usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $0.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GILD Gilead Sciences Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GILD Gilead Sciences prior to the earnings report this week,
I would consider purchasing the 89usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $2.91.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GOLD LONG ENTRYAnother Gold Entry Can Be SEEN Here STOPLOSS Below Swing Low.
Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
NZDUSD - LONG - RISKYExecute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
USDJPY LONG NOWExecute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
Positive Economic Data and ECB's Interest Rate OutlookThe strength of the Euro (EUR) is supported by positive economic data from the Eurozone, reducing the likelihood of the European Central Bank (ECB) making significant interest rate cuts in December. Eurostat reported that the region's economy grew faster than expected in the third quarter, prompting traders to adjust their expectations regarding interest rate cuts in the upcoming meeting. Additionally, inflation pressure increased by 2% in October, further reinforcing the likelihood that the ECB will maintain interest rates.
EUR/USD is fluctuating around the resistance level of 1.0896 during the European trading session on Monday. With support at 1.0778, the upward momentum of this currency pair is solidified, and it is likely to test the resistance level of 1.0896 again. Moreover, this upward trend may continue and break through that resistance, especially as the EMA 34 and 89 have reversed to an uptrend.
What do you think about the outlook for this currency pair? Let me know!
BTCUSDT Based on the chart, here’s a concise bullish trading strategy:
Key Support Zone: Watch the area around 68,500 USD, where the price is likely to retrace and rebound.
Entry Point: Consider entering a buy position if the price touches the support zone around 68,500 USD and shows signs of a bullish reversal.
Take Profit Target: Aim for 70,200 USD or higher, where the price previously reached a peak.
Stop Loss: Place a stop loss below the support level at 68,486 USD to manage risk in case of a breakdown.
This strategy anticipates that the support zone will hold, allowing the price to bounce back for the next upward wave.
XAUUSD : Gold price reverses Gold prices have taken a significant plunge, dropping $40.6 to $2,747.5 per ounce.
This sharp dip comes as investors take profits after the recent strong rally. However, despite the drop, gold still managed to notch its fourth consecutive month of gains thanks to sustained safe-haven demand.
From a personal perspective, it’s likely that gold is entering a consolidation phase. It’s not surprising to see traders cashing in as several upcoming events could impact gold's trajectory, including the U.S. elections and the Federal Reserve meeting.
Still, underlying drivers like geopolitical tensions and uncertainties surrounding the election outcome continue to fuel demand for gold, keeping the market in a “buy-the-dip” mode.