GBPAUD On The Rise! BUY!
My dear followers,
I analysed this chart on GBPAUD and concluded the following:
The market is trading on 1.9326 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.9471
Safe Stop Loss - 1.9243
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Trading
S&P 500 Daily Chart Analysis For Week of Nov 29, 2024Technical Analysis and Outlook:
In this week's abbreviated trading session, the S&P 500 index has demonstrated significant upward movement, successfully retesting the completed Outer Index Rally level of 6000 and maintaining its position above the Mean Resistance level of 6008. The primary objective is to reach the Outer Index Rally target of 6123, with the potential for further extension to the subsequent Outer Index Rally level at 6233. This notable ascent toward the Outer Index Rally target of 6123 is projected to induce a pullback to the Mean Support level of 6000, facilitating the bullish trend's next phase.
EUR/USD Daily Chart Analysis For Week of Nov 29, 2024Technical Analysis and Outlook:
The Eurodollar has shown strong upward momentum during this week's trading session, reaching a newly identified resistance level of 1.060. It seems ready to move toward the target value of Currency Rally 1.072. However, it is important to note that the Eurodollar will likely retest the support levels at 1.054 and possibly 1.049 before continuing its upward trajectory.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 29, 2024Technical Analysis and Outlook:
Bitcoin has significantly declined below our Mean Support level of 94400. Nevertheless, the momentum of the bull market has been a pivotal factor, allowing Bitcoin to rebound robustly and heading to retest the established Outer Coin Rally target 99500. Current analysis indicates that the cryptocurrency is poised to surpass the 99500 threshold, consequently reigniting its upward trajectory towards the forthcoming Outer Coin Rally target at 110000. The pullback to Mean Support 95600 and possibly to 91800 is strategically positioning the market for the next phase of the bullish trend.
USOIL Is Going Up! Buy!
Here is our detailed technical review for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 68.12.
Considering the today's price action, probabilities will be high to see a movement to 71.74.
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!
SPY SHORT FROM RESISTANCE
Hello, Friends!
It makes sense for us to go short on SPY right now from the resistance line above with the target of 595.24 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
GBP/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
Previous week’s red candle means that for us the GBP/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 195.238.
✅LIKE AND COMMENT MY IDEAS✅
USOIL BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
USOIL pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 68.16 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
EUR/USD: Facing Resistance - Breakout or Rebound?The EUR/USD 4-hour chart shows that the price is trading just below the 34 and 89 EMAs, which is creating a clear resistance around the 1.05800 area. The Euro has been trying to break above this area, but has failed in recent sessions, indicating indecision in the market.
The price is currently showing a cautious approach, and a break above the 89 EMA would need further confirmation from strong volume to ensure that this is not just a false breakout. A failure to break above would likely see the price fall back below the EMAs and towards the lower support around 1.05000.
However, if EUR/USD succeeds in breaking and sustaining above the 1.05800 level, this could signal a new bullish trend, with the next target likely being the 1.06000 area and higher.
High Tide - High Risk - High Reward $HITI 66%+ Move Inbound🚨CODE RED: NEW H5 TRADE BREAKING OUT RN
HIGH TIDE - NASDAQ:HITI
Happy Thanksgiving and Black Friday: No requirements for this one, just a freebie!
WARNING: HIGH RISK / HIGH REWARD MICROCAP 245M Mkt Cap - Cannabis Stock
Thanks to
@mvcinvesting
for putting this on my radar!
We have a H5 Setup that is BREAKING OUT as we speak of it's two year Cup&Handle Pattern. 66%+ Measured Move with more upside potential.
- H5 Indicator is GREEN
- Massive Volume Profile GAP
- Launching off Massive Volume Profile Shelf
- Wr% already in consolidation box and thriving
🎯 $4.15 (Before my B-day in Feb!)
📏 $4.95
Not Financial Advice - NFA
Catching the TransMedics Group - $TMDX Falling KnifeTransMedics Group - NASDAQ:TMDX
For current and new shareholders here is your buying range for this company.
This could be the bounce that sends us back towards ATH's. But, if we were to fall lower I think it would be capped out around the 200MA.
DCA Buying Range: $55-$90
AVP GAP Fill to $134
NFA
2025 is the year of the SMALL CAPS! 26% Higher2025 is the year of the SMALL CAPS! 26% Higher
Russell 2000 - AMEX:IWM AMEX:TNA 🤏🧢
2025 is the year of the SMALL CAPS!
While some are saying the Small Caps run is over, I say we are going 26% HIGHER!!!
You have to understand that the Russell has lagged the ENTIRE market over the last two plus years and they have a lot of catching up to do. You either get that through AMEX:IWM running up to the NASDAQ:QQQ , the Q's falling down to meet the Russell, or them meeting halfway.
I believe we are going to get a decent size pullback on the Q's eventually but for right now I say the Russell runs FAST to catch the runner that is fading.
The chart also tells us everything we need to know.
- H5 Indicator is GREEN
- Cup n Handle Breakout with a successful retest...You now what comes next! ☝️
- Wr% has it's consolidation box and is thriving.
- Free roam on the ATH's space 🐔
🎯 $259
📏 $306
NFA
Bitcoin Breaks $97K Resistance: Path to $121K Unfolds!Bitcoin (BTC) has recently experienced a significant pullback to the $90,940 level, which remains above the current support at $89,674 . This retracement has culminated in the formation of a robust inverse head and shoulders pattern, a bullish reversal indicator suggesting a potential upward trajectory. As BTC breaks through the resistance level of $97,273 , our focus shifts to short-term targets of $101,220 and $104,890 , with a long-term objective of $121,000.
Inverse Head and Shoulders Pattern
The inverse head and shoulders pattern is a classic bullish reversal formation, indicating a transition from a downtrend to an uptrend. It consists of three troughs: the head (the lowest point) flanked by two higher shoulders. The neckline, drawn across the peaks between the troughs, serves as a critical resistance level. A breakout above this neckline confirms the pattern, signaling a potential upward movement.
Technical Indicators Supporting the Bullish Outlook
Moving Averages: The 50-day moving average has recently crossed above the 200-day moving average, forming a ‘golden cross,’ which is typically interpreted as a bullish signal.
Volume Trends: There has been a significant increase in trading volumes since March, suggesting growing institutional adoption and investor interest.
Market Sentiment and External Factors
The recent U.S. presidential election outcome, favoring Donald Trump, has been perceived as positive for the cryptocurrency market. Expectations of a crypto-friendly administration have bolstered investor confidence, contributing to Bitcoin’s surge.
Price Targets
Short-Term: Given the current momentum and technical indicators, Bitcoin is poised to reach the short-term targets of $101,220 and $104,890.
Long-Term: Sustaining this bullish trend could propel Bitcoin towards the long-term target of $121,000.
Conclusion
The convergence of technical indicators, favorable market sentiment, and the confirmation of the inverse head and shoulders pattern suggest a strong bullish continuation for Bitcoin. Traders and investors should monitor key support and resistance levels, along with market developments, to make informed decisions.