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💡 EURUSD: Strong increase after many accumulation sessionsFollowing several sessions of accumulation, EURUSD has experienced a robust rebound in the recent session, currently exceeding the targeted price range near the upper boundary of the ascending price channel. Profitable buying positions have been secured, yet the price momentum remains robust, suggesting a potential continuation of the upward trend. Traders may consider selling during price adjustments or buying at pullback levels.
Long
by Stone_Haven
4
#GBPCHF buying opportunityHello dear traders and friends, let's take a look at this chart and explore the potential buying opportunity. As observed in the chart, we have a clear bullish market structure. Therefore, as long as the price remains above our horizontal arrow, which marks the 1-hour timeframe low in the market, as well as the previous day's low, we are interested in taking long positions. In addition to the market structure, other confluences include the price being above the 1-hour and 4-hour timeframe EMAs, and above the 4-hour timeframe bullish trendline. This recent bearish move could also be viewed as a pullback to the bullish trendline, as indicated in the chart. With the market structure in our favor and supported by a cluster of bullish confluences, we have sufficient confidence to open a long position in this pair. I'll place my stop-loss just below the arrow line because if the price is able to go lower than that, it would signify a break in the structure to the downside. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
2
💡 AUDUSD: Next predictionAUDUSD demonstrated a remarkable recovery in the recent session, nearly recovering all losses incurred over the preceding four sessions. The upward momentum in prices is notably robust. Anticipate further upward movement in the price. It is advisable to adjust stop losses (SLs) and maintain existing buying positions. Breaking the 0.65 threshold would serve as a confirmation signal for the market. In the event of a successful breakthrough, there is a potential for a reversal, with the target being the upper boundary of the long-term descending price channel, providing an opportunity to consider buying positions.
Short
by Stone_Haven
6
💡 GBPUSD: Reversal signs appearFollowing four consecutive bearish sessions, the downward trend has come to a halt around the 1.2200 region. A slight bullish indication, represented by a dragonfly doji pattern, has emerged. This, coupled with earlier notable reversal signals such as the double bottom pattern and the breach of the bearish structure, suggests a potential resurgence of upward momentum. It is advisable to maintain your existing long positions, with the target remaining in the vicinity of 1.2600.
Long
by Stone_Haven
💡 AUDUSD: Impacted by increased interest ratesThe Australian economy is facing significant challenges due to the rising domestic interest rates, placing immense strain on its economic stability. Despite ongoing global economic uncertainties, Australia has been unable to evade the repercussions, leading to a continuous decline in the Australian dollar over the past five trading days. Despite the apparent stern stance of the Reserve Bank of Australia (RBA) in its policy, investors remain skeptical, providing minimal support to the Australian dollar. Many are unconvinced of the likelihood of an actual interest rate hike, with consensus suggesting that such a move is improbable until at least May, two years from now. Recent trends in the AUD/USD pair indicate a potential bottoming out followed by a rebound. The Moving Average Convergence Divergence (MACD) has displayed a golden cross formation beneath the zero axis and is now trending towards the 48-hour moving average. However, the future trajectory of the Australian dollar remains contingent on the upcoming US Consumer Price Index (CPI) data for October. Should the data bolster the US dollar, it is anticipated that the Australian dollar will continue its downward trajectory.
Short
by Stone_Haven
💡GOLDOZ: It's on a steep declineGold prices retraced after testing the resistance level at 1960, further validating earlier signals of a potential reversal. Today, several exchanges observed dips below the 1920 region. Upon inspection, I noticed that the FTMO fund also experienced this dip, but it wasn't reflected in the charts from Forex.com and OANDA. Despite acknowledging this anomaly, we choose not to factor it into our analysis at the moment. As of now, our short positions remain active, and the overall market conditions still favor our strategy. It is advisable to maintain current positions, with the short-term target remaining around 1900. To mitigate risks, you may contemplate adjusting the stop-loss (SL).
TVC:GOLDShort
by Stone_Haven
Netflix Surges 28% Since Q3 EarningsNetflix's stock in 2021 has been a rollercoaster, starting with a strong 62% rise by July, nearing the $500 mark, before experiencing a sharp downturn. The stock fell below the crucial 200-day moving average to around $370, marking a significant 28% drop, but found some support at the weekly 50-day average near $350. The Q3 earnings report was a turning point, with actual earnings of $3.73 surpassing the estimated $3.49. This led to a positive market reaction, with the stock opening 16% higher post-announcement and climbing 28% since then. The surge in earnings was primarily due to robust subscriber growth, a key indicator of the company's future financial health and stock potential. Looking ahead, Netflix faces major resistance levels, first at the $500 psychological mark, and then at last year's high of $609. Overcoming these barriers could signal further bullish trends. As of November, the stock is showing strong performance with an 8% increase, adding to the positive outlook among investors. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:NFLX
by Sublime_Trading
4
💡 GBPUSD: Next prediction➡️ The anticipation for a reduction in interest rates by the Bank of England in 2024 remains steady, albeit now leaning towards a decrease of approximately 75 basis points. The central bank appears intent on tempering exaggerated market expectations regarding a forthcoming interest rate cut. Given that the enduring impacts of previous interest rate hikes have yet to permeate the economy, there is an anticipation of subdued economic growth in the future. This is expected to provide considerable support for the pound; however, the immediate trajectory of UK government bond yields remains uncertain. ➡️ Observing the GBP/USD pair, it is evident that the currency continues its downward fluctuations following a recovery, currently tracking below the 48-hour moving average on the H4 chart. Concurrently, the MACD double line and histogram bar display a downward momentum expansion around the zero axis once again, indicating a continued short-term decline for GBP/USD.
Short
by Stone_Haven
stock telling what to dostock it, self-telling what can move except from that. high-debt company micro cap company Market Cap ₹ 60.9 Cr. Current Price ₹ 66.1 High / Low ₹ 71.8 / 38.2 Stock P/E 9.99 Book Value ₹ 37.8 Dividend Yield 0.00 % ROCE 8.69 % ROE 3.74 % Face Value ₹ 10.0 Industry PE 31.1 EPS ₹ 6.63 Debt to equity 1.17 Price to book value 1.72 Debt ₹ 40.6 Cr. EBIT ₹ 9.91 Cr. Cash End ₹ 0.95 Cr. Reserves ₹ 25.6 Cr. Quick ratio 0.63 Current ratio 1.18 PEG Ratio NPM last year 0.59 % OPM 5.95 % CMP / FCF 10.2 Intrinsic Value ₹ 74.2 Return on assets 1.00 % EV / EBIT 10.1 no recommendation from me to buy or sell
NSE:VINEETLABLong
by investigationofchart
Bullish Momentum Unleashed: A Daily Analysis of GBP/JPY's PromisHello traders, this is a daily analysis of GBP/JPY on a daily timeframe. We are clearly in a bullish trend, marked by consistent Higher Highs and Higher Lows. There's no confirmation of a reversal as of now. Additionally, we observe a kind of channel formation moving to the upside. By aligning two points upside and two points downside, we can see that the current movement is still bullish. We anticipate the trend to continue, aiming for a break of previous highs. Furthermore, we expect a breakout of the channel to reach the BSL (Breakout and Support Line). For the monthly points, our targets are set at 186.76 for the first point and 195.99 for the second point. Keep a close eye on the charts for potential confirmations and adjustments. Happy trading!
Long
by BlackWatch01
Dive into GBPUSD Trading InsightsGBPUSD currently exhibits a Weaker Bullish Trend on the weekly chart, introducing interesting dynamics. On the 1-hourly chart, a bearish shark pattern emerges, presenting a counter-trend trading setup. Simultaneously, the 4-hourly chart showcases a bullish bat pattern within the buy zone. My preference in this scenario is clear—I favor the bullish bat pattern on the 4-hourly chart. Now, I'm curious about your preference. What's your take on these setups? Feel free to share your insights below!
Long
by RaynLim
💡 GBPUSD: A reversal pattern appearsGBPUSD sustained a downward trend in its recent session, although the decline was moderated by a recovery towards the session's end. A notable development is the emergence of a bullish pin bar pattern on the daily chart, indicating a weakening of selling pressure. This suggests a potential conclusion to the correction phase and a likelihood of the price resuming its upward momentum, aligning with signals of reversal observed in the preceding session.
Long
by Stone_Haven
💡 XAUUSD: The downward momentum has not stoppedGold experienced its third consecutive drop yesterday, with a significant decrease in price. The daily bar, referred to as D1, exhibited a substantial decline and closed near its lowest point. It concluded above the bottom of the previous D1 bar, indicating robust selling pressure. Furthermore, yesterday's D1 bar closed below the bottom of the most recent upward movement, which may serve as a catalyst for a further decline in D1 gold prices. The hourly trend for gold, represented by H1, maintained its downward trajectory, reaching a new low in price yesterday. Both daily and hourly timeframes favor a continued decrease, making today's H1 gold trend one to watch for potential selling opportunities.
OANDA:XAUUSDShort
by Stone_Haven
💡NZDUSD: Will there be a turnaround?NZDUSD witnessed its third consecutive day of decline. However, the downward momentum appears relatively mild, given that three days of decline do not match the intensity of the preceding single day of increase. The price is currently undergoing a retest, suggesting a potential stabilization. The chart structure on NZDUSD D1 indicates a cumulative sideways movement. On the H1 timeframe, NZDUSD is forming a price range, indicative of a cumulative sideways phase. The primary strategy for today involves selling NZDUSD on the H1 chart from higher levels. Alternatively, there's a reserved approach to wait for a potential buy opportunity if NZDUSD on H1 breaks above and successfully retests.
Short
by Stone_Haven
#EURCAD selling possibilityHello, dear traders and friends. Let's take a closer look at the EURCAD chart and examine the potential selling opportunity in this pair together. Firstly, we can clearly observe a bearish trendline in the 1-hour timeframe, connecting lower highs. This trendline suggests the possibility of a bearish bias for this currency. Secondly, when you examine the Daily timeframe for this pair, you'll notice that the price broke above the bearish trendline last week but failed to follow through and has since consolidated around the bearish trendline. This appears to be a false breakout. Furthermore, the price's bullish moves seem to occur in a corrective manner, indicating a lack of clear intention for a bullish move, at least for now. For a more conservative trading approach, you can consider waiting for a bearish breakout of the short-term bullish trendline or simply waiting for a candlestick confirmation to validate a downward movement. It's also worth noting that there's a possibility that the price may test the previous top formed and extract liquidity from there before reversing to the downside. by the way If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
by mohemati
5