TESLA Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for TESLA below:
The instrument tests an important psychological level 220.72
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 - 232.78
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
Trading
GBPUSD My Opinion! SELL!
My dear friends,
GBPUSD looks like it will make a good move, and here are the details:
The market is trading on 1.3047 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 - 1.3023
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
S&P 500 Daily Chart Analysis For Week of Oct 18, 2024Technical Analysis and Outlook:
During this week’s trading session, the index demonstrated substantial strength by exceeding the Outer Index Rally level of 5840 and achieving the subsequent milestone at 5861. This accomplishment will likely precipitate a squeeze toward the Mean Support level 5818. This support is crucial for facilitating the primary recovery and advancing into the next phase of the bullish trend.
EUR/USD Daily Chart Analysis For Week of Oct 18, 2024Technical Analysis and Outlook:
The Eurodollar experienced sustained bearish sentiment again during this week's trading session, with the prevailing selling pressure completing our Inner Currency Dip of 1.083. A transient rebound is in progress to the Mean Res 1.090. However, considering the current bearish price action, the probability of further declines to the support level of 1.079 and the next Inner Currency Dip of 1.075 remains substantial.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 18, 2024Technical Analysis and Outlook:
The Bitcoin ''Interim Rebound'' rammed through our Mean Res 66300 and Inner Coin Rally 67000 and rested at our Mean Res 68500 in this week's trading session, and it is currently poised to hit Inner Coin Rally 69300. A breach of this critical price level will catalyze a movement towards the all-time prices marked as Key Res 73200 and the completed Main Inner Coin Rally 73300. However, on the downside, the interim bearish sentiment may lead to a decline in the coin's price value to the Mean Support level of 66800 and possibly the Mean Support of 65300. Only then will the primary recovery and advancement into the subsequent phase of the bullish movement be realized.
BITCOIN Will Go Up From Support! Long!
Here is our detailed technical review for BITCOIN.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 68,479.
Considering the today's price action, probabilities will be high to see a movement to 73,807.
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.
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GBPJPY Will Go Lower! Sell!
Take a look at our analysis for GBPJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 195.006.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 194.170 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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AUDCAD Will Go Down! Short!
Please, check our technical outlook for AUDCAD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.925.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.917 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.
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NZDJPY Is Going Down! Short!
Here is our detailed technical review for NZDJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 91.001.
Considering the today's price action, probabilities will be high to see a movement to 90.827.
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.
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EUR/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 162.425 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/JPY pair.
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GBP/JPY SHORT FROM RESISTANCE
Hello, Friends!
We are going short on the GBP/JPY with the target of 191.668 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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BITCOIN BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
BITCOIN pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 64,956 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GBP/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.120 area.
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Gold Prices Rise Strongly on China and India's Demand for StockOn the chart, gold prices have broken the $2,700 resistance zone and continued to rally, with the 34-EMA and 89-EMA lines pointing up, reinforcing the short-term bullish trend. Fibonacci suggests that the next resistance level could be at $2,740, followed by $2,780, corresponding to the 1.61 and 1.68 Fibonacci levels.
Although gold prices may have minor corrections in the short term, the main trend remains bullish. If gold holds above $2,700, the next target will be the $2,740 – $2,780 zone.
In addition, China and India's increasing gold reserves, especially in the context of preparations for festivals and traditional New Year, are an important factor driving gold prices higher. At the end of the year, gold demand in these two countries often increases sharply because gold is used as gifts and jewelry in important events.
China is one of the countries with the largest gold reserves in the world, and India is the largest gold consumer, especially during festival seasons such as Diwali or Tet. This causes a sudden increase in demand for gold, putting pressure on global supply and pushing prices higher.
The central banks of China and India continue to buy gold to protect the value of their foreign exchange reserves, which creates upward pressure on gold prices in the short term and may continue to push gold prices to record highs by the end of this year.
In the context of strong demand for gold from major markets such as China and India, combined with technical analysis showing that the upward momentum is dominant, I predict that gold prices are expected to continue to increase in the coming time. The next important resistance level lies at $2,740 – $2,780, and any correction is a buying opportunity.
SP500 Secondary Trend. Bowl + handle. Resistance zone. 11 2023Logarithm. Large timeframe 1 week. On the chart a big bowl, you can say already with a handle, the price is testing the resistance of the previous market highs for the 3rd time (entering this zone). Breaking through it, this resistance will become a very strong support during the pumping (probability no more).
Simplifying the complex is the key to success.
Complicating the simple is a guarantee for your own confusion and mistakes on the plain.
It is based on knowledge and experience, which always leads to simplification of actions, not to complication !!!!
The SP500 index (500 companies of the global hegemon) is a reflection of the "health of the US economy" and, conventionally speaking, of all markets in the world. It is needed more as an indicator of the direction of other markets, including cryptocurrency (the market is maturing), than for trading as such.
The SP500 index (500 companies of the global hegemon) is a reflection of the "health of the US economy" and, conventionally speaking, of all markets in the world. It is needed more as an indicator of the direction of other markets, including cryptocurrency (the market is maturing), than for trading as such.
1️⃣ The increase in % rates will stop closer to the US presidential election, which is logical.
2️⃣ Before elections, the ruling party always shows the people the positive in its work for the people, even if there is none, i.e. injects money into the economy.
3️⃣ Handing out "free money" to potential voters before elections. Who will take it to the stock and cryptocurrency markets.
4️⃣ Changing the bear market cycle to a conventionally bullish one in 2024 and a bullish one in 2025.
5️⃣ Overcoming previous all-time highs, this is the third time we have tested this resistance of the SP500 index.
In other words, everything is as always. Before the elections, “everyone is good” and is pushing the economy up. USA together with the Fed. Only the so-called “black swan” can influence this, whether it is real (there are no such things) or staged, it doesn’t really matter. But, this is all a hypothetical probability, nothing more, which must always be kept in mind. Therefore, when the market rises, protect your profits with stop losses or hedge with correlated positions. As a rule, nothing happens, and if it does, the event itself is always inflated by the media and bloggers tens of times in importance, thereby creating the illusion of fear. Don't fall for such tricks, either.
The present, and especially the future, is not always a projection of a repetition of the past. It may be conditionally the same, but the details are radically different. This must always be remembered.
On linear, it looks like this:
The main trend of the index More than 100 years for clarity. Publication 11/22/2022
SP500 index. The whole trend. Anniversary 100 years
Vertical growth by +372% (madness, super pump)
Before the super collapse of the “Great Depression” Publication 11/22/2022
SP500 index. Pumping before the "Great Depression" Code 372-69
The game controls the people, not the people the game. The concept of a lot is always replaced by a little, a little more, until all their expectations “burst” from greed. This encourages some to become wiser, some, on the contrary, the closer the abyss, the cuter the devils.
NZD_CHF LOCAL SHORT|
✅NZD_CHF has hit a key structure level of 0.5267
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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GBP-JPY Local Bearish Bias! Sell!
Hello,Traders!
GBP-JPY made a retest
Of the horizontal resistance
Level of 196.000 from where
We are already seeing a bearish
Reaction and we will be expecting
A further local move down
Sell!
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Check out other forecasts below too!
EURUSD My Opinion! BUY!
My dear friends,
My technical analysis for EURUSD is below:
The market is trading on 1.0859 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0940
Recommended Stop Loss - 1.0814
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
EURGBP Set To Grow! BUY!
My dear subscribers,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8326 pivot level.
Bias - Bullish
My Stop Loss - 0.8312
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8349
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
GBPUSD On The Rise! BUY!
My dear subscribers,
GBPUSD looks like it will make a good move, and here are the details:
The market is trading on 1.3015 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.3052
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