Weekly Market Wrap With Gary Thomson: 28 October - 1 NovemberWeekly Market Wrap With Gary Thomson: NASDAQ 100, US Dollar, GOOGLE, MSFT Shares Price
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights
- NASDAQ 100 CONSOLIDATES AHEAD OF MAJOR MARKET LEADER EARNINGS REPORT
- DOLLAR CONTINUES AGGRESSIVE RISE AHEAD OF U.S. ELECTIONS
- ALPHABET INC. (GOOGL) SHARES RISE TO $180 FOLLOWING EARNINGS REPORT
- MICROSOFT (MSFT) SHARES DECLINE DESPITE STRONG EARNINGS REPORT
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CFDs are complex instruments and come with a high risk of losing your money.
Trend Analysis
Trump wins? $DJT to fall into election, then rally after?I've been watching the DJT chart for a while now. I originally took a trade at $17 with intention to hold, but got scared out of the position on the loss of $16. It ended up bottoming at $13. Since then, it's gone 3x with people anticipating a Trump win.
We've corrected in the last few days and the chart looks like it wants to see more downside into the $27-20 levels. That's where I'll start scaling into positions in both spot and calls.
To me, that looks like a great buying opportunity. On higher timeframes, it looks like the stock is getting ready for a large move above $100 post election.
Let's see how it plays out over the next week.
As Uptober ends, the real fun starts.As miner's cost/price ratio remains above 1.0 for the sixth straight month, the accumulation range this cycle culminates in sparks here at the end of October. With ATH O/I across the board, expect some volatility as we move into the winter.
Being bearish here is silly.
$2802 ! New ATH heading to XAU⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) trade within a narrow range in the Asian session on Thursday, consolidating recent record highs. The US Dollar (USD) finds some support as it recovers from a corrective slide, fueled by strong economic data and expectations of a gradual rate-cut approach by the Federal Reserve (Fed). Rising US Treasury yields, spurred by fiscal deficit concerns, and slightly overbought technical conditions limit further gains for Gold.
Traders are cautious, awaiting the release of the US Personal Consumption Expenditure (PCE) Price Index and the Nonfarm Payrolls (NFP) report on Friday for insights into the Fed's rate trajectory. Despite these factors, any significant pullback for Gold remains unlikely amid continued safe-haven demand driven by US election uncertainty and Middle East tensions.
⭐️Personal comments NOVA:
still a short-term and long-term uptrend - next target $2802, FOMO from the market may last all week before the November 5 election
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2802 - $2804 SL $2809
TP1: $2795
TP2: $2780
TP3: $2770
🔥BUY GOLD zone: $2757 - $2755 SL $2750
TP1: $2762
TP2: $2770
TP3: $2780
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold - Time To Close Out Partial Profits!Gold ( TVC:GOLD ) is now back to the upper channel resistance:
Click chart above to see the detailed analysis👆🏻
After breaking above the plsychological $2.000 level, Gold created such an incredible rally, massively outperforming stocks and even cryptocurrencies over the past couple of months. Therefore, it is quite likely that big institutions will take some profits at the current levels.
Levels to watch: $2.700, $2.000
Keep your long term vision,
Philip (BasicTrading)
Trading Signal For BTCUSDT Trading Setup:
A Trading Signal is seen in the BTCUSDT Bitcoin (4h)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 68152.3
⭕️SL @ 66338.1
🔵TP1 @ 73000.0
🔵TP2 @ 76990.0
🔵TP3 @ 80000.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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Arweave Long-Term Accumulation Zone & 2025 Bull-MarketYou know, it is very easy to predict a drop when prices are trading pretty high after a bullish wave, like on this chart around March-May; but it is much more harder to do so once prices are trading pretty low and around support. Because it is normal to be bullish at support and a reversal can happen anytime... But, I will try anyway and see what happens.
➖ ARUSDT (Arweave) is breaking bearish out of a falling wedge which is normally a bullish reversal pattern. Seeing a bearish breakdown of this pattern simply means that the market is really weak or simply ready to continue lower.
Actually, I have no doubt as to what comes next.
The main drop in August activated the same price level at which ARUSDT traded back in late February 2024. If you see the big green candles in late February 2024, you see that there is no support as consolidation happened prior at a lower level.
Support turns into resistance, resistance turns into support.
Now, between November 2023 and early February 2024 there is a period of consolidation, this level can work as support. This range also encompasses a much longer range that goes all the way back to June 2022, the consolidation range is really big so support can also be found lower.
This long-term accumulation zone is about to become active and once activated we will be looking at the price zone that will precede the next major bull-market. Arweave will produce a long long-term higher low and from this zone we will see the biggest growth since 2021.
We will have a period of 8 to 16 months of maximum growth starting late 2024. It can be slow in early 2025 but green, gaining speed around March.
Thank you for reading.
Wishing you the best.
Remember, you are an eternal living being and you cannot die, your physical body is just a vehicle for you to have some unique experiences. When the body gets old, we change it for a new one just like we change our clothes.
Namaste.
LCID - Buying A Diabolical Chart Devastating crash from the breakaway gap and it has plunged below support.
As I covered before, this could well be a downtrend and there are plenty of EV's in what appear to be perpetual downtrends.
This could well be another EV that never recovers.
However in terms of liquidity, it has made a new low below support and back within the long term 2.272 Golden Window.
And so reversals are more likely in this area.
In addition, the day RSI hit 23 yesterday which is almost as low reading as the previous crash low in January.
Earnings coming up and with the chart looking so diabolical, logic of reverse psychology suggests that it may have a bullish reversal.
It may not, it may just die but I think this has a good chance to at least see some sort of bounce back above support.
And it could be a big bounce.
And its not impossible that it could even be a ST Secondary Test market bottom, though that has to be somewhat outside odds.
So i'm playing LOTTO here and i'm buying that chart because it is oversold, the chart looks diabolical, its in higher liquidity area in printing a new low and earnings are next week.
Not betting the farm 😅.
Not advice.
$AMZN IS ABOUT TO EXPLODE! BUY NOW OR FOMO LATERNASDAQ:AMZN
💥 NASDAQ:AMZN IS ABOUT TO EXPLODE! 💥
I first called out NASDAQ:AMZN on October 21st as it was setting up for a huge move and CupnHandle breakout. Here's 3 reasons to not miss this investing or trading opportunity. Price targets at the end.
1.) HIGH FIVE SETUP (Check the numbers below and you will see. 1-Breaking out of cupnhandle & symmetrical triangle pattern. 2-Volume profile gap from a volume shelf. 3-Uptrending MACD. 4-Higher Highs on RSI. 5-Uptrending Stoch. (trend).
2.) #Amazon margins and FCF are growing rapidly and will continue this uptrend heading into the holiday season with a RESILIENT AMERICAN CONSUMER.
3.) It's a BUY according to the fundamentals especially when valuing this company according to it's Discounted Cash Flow (DCF).
Intrinsic Value: $250
🎯PT1: $231 (Symmetrical triangle measured move)
🎯PT2: $310 (Multi-year CupnHandle Measure Move)
Are you a shareholder? or Are you trading this name?
I'm done for the day! Going to be with my wife on her birthday and go trick or treating with my boys. Thanks for all the support, much love!
LIKE l FOLLOW l SHARE
HAPPY HALLOWEEN!
#Earnings
NFA
#IMX (SPOT) entry range(1.150- 1.400) T.((2.119) SL(1.104)BINANCE:IMXUSDT
entry range (1.150- 1.400)
Target (2.119)
1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (1.104)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX ****
Strategic Insights for Today's NFP: Key Targets and Market MovesToday’s NFP Analysis:
NFP Target One: 2767
This level serves as our initial target for upward movement.
NFP Target Two: 2777
If the market holds strong, this is our next key resistance point.
NFP Target Three: 2781
This target represents a potential peak for today's trading session.
Important Note:
If the price moves downward, it may tap the level of 2735 before potentially bouncing back up. This could create an opportunity for a reversal.
WTI CRUDE OIL Final Resistance test before $77.50WTI Crude Oil hit today the 7 day Falling Resistance. A break above it will be bullish as that has been the case on 2 similar patterns previously.
We are ahead of a Golden Cross (1h), which on the 2 previous patterns, has confirmed the uptrend.
Trading Plan:
1. Buy if the Falling Resistance breaks.
Targets:
1. 77.50 (Resistance 1).
Tips:
1. The RSI (1h) is printing a pattern similar to the September run.
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GBP-USD Bearish Breakout! Sell!
Hello,Traders!
GBP-USD was trading along
The rising support line but
Now we are seeing a bearish
Breakout and the breakout
Is confirmed so we will be
Expecting a further bearish
Move down
Sell!
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Check out other forecasts below too!
UPDATEThe price has reached the reliable support range of S1 and there is a positive reaction at the moment. If this support range is maintained and the reversal patterns are formed, the price can return to the upward cycle. The downward movement is very strong and we need time for the price to return. The failure of S1 support will cause the price to fall further
EUR will rise in the short term, buy!Hello, traders. EURUSD is recovering gradually after a long period of weakness. 1.082 is considered the immediate support zone of the country pair and the next support zone at 1.077 is the expected two hooks to BUY in today's nonfarm. The uptrend will be limited by the border zone of 1.095 and 1.100. Wish you a favorable trading day with my analysis.
BTC/USD Uptrend at Key Highs: Bounce or False Breakout?The price is in an uptrend and at our HH on a higher time frame. Now we can expect a bounce or the possibility that the price will reach the lower zone, where we also anticipate a bounce. In both cases, we need to watch out for a potential false breakout.