USDCAD - LT/MT Idea!CAD - LT/MT Idea!
We have a lot of dollar buying end of flows, end of month. We saw that in most of the majors shifting. What's really key to me is we are seeing US data take a hit US indices, it is time to take into consideration what could happen next with the FX majors. Here's a glimpse of what I think of CAD:
This chart is based purely on Technical aspect.
Currently we within the ranges - Highs: 1.37355 & Lows: 1.32485
A break of highs, we could be forming the pattern W / Break out of wedge/triangle formation
Target areas: 1.38885 & 1.41290
A break of the lows, we break below 50EMA + break out of pattern takes us to 200 EMA + TL
Target areas: 1.30270 & 1.27955
Take into consideration of other FX minor pairs such as CADCHF - Stuck within range, ready to break! There are great opportunities out there for us traders to take advantage, of.
Trade Journal
TERM
XRP - Long-Term View 🕝 Analysis #8/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
XRP has been overall bearish trading inside the falling brown channel.
XRP is currently rejecting a strong weekly support 0.30 so we will be looking for buy setups.
🏹 Long-Term: Left Chart
For the bulls to over from a long-term perspective, we need a weekly candle close above 0.6 which would be breaking both the last major high and upper brown trendline.
📉 Medium-Term: Right Chart
For the bulls to over from a medium-term perspective, we need a daily candle close above the orange zone 0.420. And as price approaches the 0.320 support we will be looking for short-term buy setups.
Which scenario do you think is more probable and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BITCOIN FUTURE PRICE BULLISH🔋🔋Market moves in waves (hence the name), basically WaveEdge is a support to help you analyse market PA. Its not a plain and simple signal indicator, it requires some input from the user. First you define the trend you're in and the timeframe you want to trade. My take is that we are in a strong momentum uptrend and I'm looking to trade medium term, that's why I was looking for green crosses on the medium term timeframe 12hr-1D. On the long term (weekly) timeframe we can see triangles showing up, hence why I believe we're in a strong uptrend.
ITC breakout finally?ITC has given a weekly closing above its supply zone of 260-265 after 3 years also breaking its previous 52 week high with very heavy volumes.
From the chart, it is clearly visible it is an inverted head and shoulder pattern and stock has given closing above its neckline.
Let's see whether it sustains the breakout and bring happy faces on many investors' face;)
Cash flow statement or Three great riversToday we're going to start taking apart the third and final report that the company publishes each quarter and year - it's Cash flow statement.
Remember, when we studied the balance sheet , we learned that one of the company's assets is cash in accounts. This is a very important asset because if the company doesn't have money in the account, it can't buy raw materials, pay employees' salaries, etc.
What, in general, is a "company" in the eyes of an accountant? These are assets that have been purchased on credit or with equity, for the purpose of earning a net income for its shareholders or investing that income in further growth.
That is, the source of cash in a company's account may be profits . But why do I say "may be"? The point is that it's possible to have a situation where profits are positive on the income statement, but there is no money physically in the account. To make sense of this, let's remember the workshop I use in all the examples. Suppose our master sold all of his boots on credit. That is, he was promised payment, but later. He ended up with a receivable in assets and, most interestingly, generated revenue. The accountant will calculate the revenue for these sales, despite the fact that the shop hasn't actually received the money yet. Then the accountant will deduct the expenses from the revenue, and the result will be a profit. But there is zero money in the account. So what should our master do? The orders are coming in, but there is nothing to pay for the raw materials. In such circumstances, while the master is waiting for the repayment of debts from customers, he himself borrows from the bank to top up his current account with money.
Now let us make his situation more complicated. Let us assume that the money borrowed he still does not have enough, and the bank does not give more. The only thing left is to sell some of his property, that is, some of his assets. Remember, when we took apart the assets of the workshop , the master had shares in an oil company. This is something he could sell without hurting the production process. Then there is enough money in the checking account to produce boots uninterrupted.
Of course, this is a wildly exaggerated example, since more often than not, profits are money, after all, and not the virtual records of an accountant. Nevertheless, I gave this example to make it clear that cash in the account and profit are related, but still different concepts.
So what does the cash flow statement show? Let's engage our imagination again. Imagine a lake with three rivers flowing into it on the left and three rivers flowing out on the right. That is, on one side the lake feeds on water, and on the other side it gives it away. So the asset called "cash" on the balance sheet is the lake. And the amount of cash is the amount of water in that lake. Let's now name the three rivers that feed our lake.
Let's call the first river the operating cash flow . When we receive the money from product sales, the lake is filled with water from the first river.
The second river on the left is called the financial cash flow . This is when we receive financing from outside, or, to put it simply, we borrow. Since this is money received into the company's account, it also fills our lake.
The third river let's call investment cash flow . This is the flow of money we get from the sale of the company's non-current assets. In the example with the master, these were assets in the form of oil company stock. Their sale led to the replenishment of our notional money lake.
So we have a lake of money, which is filled thanks to three flows: operational, financial, and investment. That sounds great, but our lake is not only getting bigger, but it's also getting smaller through the three outgoing flows. I'll tell you about that in my next post. See you soon!
BITCOIN NEXT TRADE BULLISH🔋🔋Market moves in waves (hence the name), basically WaveEdge is a support to help you analyse market PA. Its not a plain and simple signal indicator, it requires some input from the user. First you define the trend you're in and the timeframe you want to trade. My take is that we are in a strong momentum uptrend and I'm looking to trade medium term, that's why I was looking for green crosses on the medium term timeframe 12hr-1D. On the long term (weekly) timeframe we can see triangles showing up, hence why I believe we're in a strong uptrend.
Team Lease FinanceHello and welcome to this analysis
In the monthly time frame we can see two parallel channels running the path. The first one is a wider rising channel which has now come down to its lower end of the channel after completing a 1.6x fibonacci target. The second one is the narrower falling channel from its peak.
The decline appears to have come to a halt at the confluence of both the channels and after a brief period of consolidation its showing signs of resumption of uptrend.
SIP / accumulation between 2350-2700 with 2200 as failure of structure (channel will break below) for upside possibilities of 3500 and ATH appear a possibility.
A decent risk reward ratio for medium to long term investing.
CADJPY sell Short term Hi All,
following on from our last analysis on this pair, we can see price now forming a rising wedge and we have now completed a LH on D1, our bias is still bearish with caution as JPY fundamentally is not in the right path!.
With that been said we are looking at buy JPYs in the short term which means we will be bearish other currencies against the JPYs. There's not a lot of correlations but i can see similar patterns across board with the exception of UJ and GJ.
Entry and sl marked.
Like follow and share.
many thanks
ChFJPY Sell short termHi All,
following on from our last analysis on this pair, we can see price now forming a rising wedge and we have now completed a LH on D1, our bais is still bearish with caution as JPY fundamentally is not in the right path!.
With that been said we are looking at buy JPYs in the short term which means we will be bearish other currencies against the JPYs. There's not alot of correlations but i can see smiliar patterns across board with the exception of UJ and GJ.
Entry and sl marked.
Like follow and share.
many thanks
BITCOIN FUTURE PRICE BULLISH🔋🔋Market moves in waves (hence the name), basically WaveEdge is a support to help you analyse market PA. Its not a plain and simple signal indicator, it requires some input from the user. First you define the trend you're in and the timeframe you want to trade. My take is that we are in a strong momentum uptrend and I'm looking to trade medium term, that's why I was looking for green crosses on the medium term timeframe 12hr-1D. On the long term (weekly) timeframe we can see triangles showing up, hence why I believe we're in a strong uptrend.
My precious-s-s-s EPSIn the previous post , we began looking at the Income statement that the company publishes for each quarter and year. The report contains important information about different types of profits : gross profit, operating income, pretax income, and net income. Net income can serve both as a source of further investment in the business and as a source of dividend payments to shareholders (of course, if a majority of shareholders vote to pay dividends).
Now let's break down the types of stock on which dividends can be paid. There are only two: preferred stock and common stock . We know from my earlier post that a stock gives you the right to vote at a general meeting of shareholders, the right to receive dividends if the majority voted for them, and the right to part of the bankrupt company's assets if something is left after paying all debts to creditors.
So, this is all about common stock. But sometimes a company, along with its common stock, also issues so-called preferred stock.
What advantages do they have over common stock?
- They give priority rights to receive dividends. That is, if shareholders have decided to pay dividends, the owners of preferred shares must receive dividends, but the owners of common shares may be deprived because of the same decision of the shareholders.
- The company may provide for a fixed amount of dividend on preferred shares. That is, if the decision was made to pay a dividend, preferred stockholders will receive the fixed dividend that the company established when it issued the shares.
- If the company goes bankrupt, the assets that remain after the debts are paid are distributed to the preferred shareholders first, and then to the common shareholders.
In exchange for these privileges, the owners of such shares do not have the right to vote at the general meeting of shareholders. It should be said that preferred shares are not often issued, but they do exist in some companies. The specific rights of shareholders of preferred shares are prescribed in the founding documents of the company.
Now back to the income statement. Earlier we looked at the concept of net income. Since most investments are made in common stock, it would be useful to know what net income would remain if dividends were paid on preferred stock (I remind you: this depends on the decision of the majority of common stockholders). To do this, the income statement has the following line item:
- Net income available to common stockholders (Net income available to common stockholders = Net income - Dividends on preferred stock)
When it is calculated, the amount of dividends on preferred stock is subtracted from net income. This is the profit that can be used to pay dividends on common stock. However, shareholders may decide not to pay dividends and use the profits to further develop and grow the company. If they do so, they are acting as true investors.
I recall the investing formula from my earlier post : give something now to get more in the future . And so it is here. Instead of deciding to spend profits on dividends now, shareholders may decide to invest profits in the business and get more dividends in the future.
Earnings per share or EPS is used to understand how much net income there is per share. EPS is calculated very simply. As you can guess, all you have to do is divide the net income for the common stock by its number:
- EPS ( Earnings per share = Net income for common stock / Number of common shares issued).
There is an even more accurate measure that I use in my analysis, which is EPS Diluted or Diluted earnings per share :
- EPS Diluted ( Diluted earnings per share = Net income for common stock / (Number of common shares issued + Issuer stock options, etc.)).
What does "diluted" earnings mean, and when does it occur?
For example, to incentivize management to work efficiently, company executives may be offered bonuses not in monetary terms, but in shares that the company will issue in the future. In such a case, the staff would be interested in the stock price increase and would put more effort into achieving profit growth. These additional issues are called Employee stock options (or ESO ). Because the amount of these stock bonuses is known in advance, we can calculate diluted earnings per share. To do so, we divide the profit not by the current number of common shares already issued, but by the current number plus possible additional issues. Thus, this indicator shows a more accurate earnings-per-share figure, taking into account all dilutive factors.
The value of EPS or EPS Diluted is so significant for investors that if it does not meet their expectations or, on the contrary, exceeds them, the market may experience significant fluctuations in the share price. Therefore, it is always important to keep an eye on the EPS value.
In TradingView the EPS indicator as well as its forecasted value can be seen by clicking on the E button next to the timeline.
We will continue to discuss this topic in the next publication. See you soon!
Gold Price Prediction at the Announcement of CPI Data ReleaseSo I predict that there will be a bounce towards the price of 1880, after that whether immediately or slowing down, Gold will decline again. The profit target is at the price of 1776.
Note: Remember, this is not financial advice. Always follow your own analysis. Thank you and good luck.
BTC long term new cycle 1DBTC - Long term on logarithmic scale. See for yourself :)
Lower red line is support line dating back 2011!
Upper red line is resistance line dating back Oct 2021.
Blue vertical lines showcases the cyclical behaviour of BTC.
Another very insightful overview can be seen when applying the fibonacci time zone. Please check it out as well.
Don't forget to do your own research.
Please support this idea if you liked it :)
And always be careful <3
EURUSD - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on H4: Left Chart
EURUSD is overall bullish trading inside the rising red channel and now sitting around the lower trendline so we will be looking for buy setups on lower timeframes.
on M30: Right Chart
EURUSD is forming an inverse head and shoulders pattern but it is not ready to go yet.
🏹Trigger => for the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, EURUSD can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich