Trump Reclaims US Presidency6th November President Trump!!!
DXY: Further strength expected to 105.45, could retrace briefly, needs to stay above 104.80. (beyond 105.45 could reach 106)
NZDUSD: Sell 0.5935 SL 20 TP 75 (hesitation at 0.5895)
AUDUSD: Sell 0.6560 SL 25 TP 80
GBPUSD: Sell 1.2810 SL 30 TP 60
EURUSD: Sell 1.0765 SL 25 TP 90
USDJPY: Buy 154.40 SL 45 TP 90
USDCHF: Buy 0.8710 SL 20 TP 40
USDCAD: Sell 1.39 SL 30 TP 70
Gold: Looking for reaction at 2733, beyond that could trade up to 2760
Trump
TRUMP is the 47th President! Is this bullish for the markets?Donald Trump is the new (47th) President of the United States, coming into office for his 2nd time. The practical question on the investor's mind is of course how will the stock markets react?
Even though there is no definitive way to approach this, the fact that Trump will resume power for a 2nd term, gives us a historic data set to have grounds for comparison. Fundamentally anything can be discussed on policies and strategies etc but technically the picture is more objective.
As you can see on this Dow Jones (DJI) chart displayed on the 1W time-frame, Trump's 1st Presidential win was on November 08 2016. At that time, the market was trading within a Channel Up that started after a 1W MA200 (orange trend-line) double test on January 19 and February 08 2016. Right before the Elections, the index experienced a natural 'Pre-election volatility' phase.
The picture during the current election period isn't very different from 2016. As you can see, Dow started a Channel Up pattern after a 1W MA200 test and half-way through the year started to experience the usual 'Pre-election volatility' phase. During that time both in 2024 and 2016, the 1W MA50 (blue trend-line) was supporting and stayed intact. Notice how even the 1W RSI sequences between the two fractals are similar from the time the Channel Up started until the elections.
So naturally you are asking what does that mean for us moving forward? Well after the November 08 2016 elections and Trump's 1st win, Dow started to rise aggressively immediately and by March 2017 it almost reached the patterns top (Higher Highs trend-line) before the new medium-term relief pull-back. The post-election Bull Phase was concluded in January 2018, upon completing a +71% rise from the Channel's bottom and 7.0 Fibonacci extension from the volatility phase.
So if symmetry acts its part, we may see 47000 by March 2025 and 55000 (+71% from the October 2023 bottom) by the end of 2025. Is this projection definitive? Of course not, nothing is 'absolute' in investing/ trading. But history has shown that the stock market has reacted more than positively after the U.S. elections, particularly in the case of a Trump win.
What do you think? Will Trump's 2nd term be bullish?
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USDCAD - Trump gave a new trend to the dollar!The USDCAD currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. If the upward movement continues, we can see the supply zone and sell within that range with the appropriate risk reward. The correction of this currency pair towards the demand zones will provide us with the next buying positions.
Following the announcement of Donald Trump’s election victory, the U.S. dollar has risen against almost every currency globally. Markets are not only preparing for Trump’s presidential win but also foresee a Republican-controlled Congress, which is crucial for the incoming president’s ability to implement policy changes through the U.S. government.
Ahead of the October 23 monetary policy meeting, officials at the Bank of Canada believed that inflationary pressures were on a downward trend and further tightening of monetary policy was unnecessary. They considered a 0.25% rate cut, though strong consensus emerged for holding off based on economic data observed since July.
Officials noted that a rate cut would require time to sufficiently impact per capita consumer spending and counterbalance the overall consumption decline driven by slower population growth. They agreed to continue normalizing their balance sheet through maturing bonds.
According to informed sources, OPEC+ has reached a preliminary agreement to postpone an increase in oil production for December. This agreement includes countries such as Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, which have decided to extend their voluntary oil production adjustments until the end of December 2024.
One key factor weakening the Canadian dollar is the country’s economic challenges. The Canadian housing market is facing serious difficulties due to rising interest rates, and the decline in demand for new home purchases has dimmed future prospects for the market. Additionally, slower population growth, largely dependent on government immigration policies, is negatively impacting the economy. Nonetheless, some hope that China’s economic stimulus efforts and rising natural commodity prices might support the Canadian dollar, though these factors carry their own risks.
BlackRock has stated that expectations for a Federal Reserve rate cut are overly optimistic. The bank cited the following reasons:
U.S. third-quarter GDP data show that consumers remain the main driver of economic growth. The average monthly job creation over the past three months has been 104,000 jobs, a healthy rate, which is likely to rise considering hiring pauses due to storm disruptions.
WTI - How will oil react to the elections?!Oil is located between EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. If the descending channel is preserved and its ceiling is not broken, we can witness the continuation of the oil decline up to the midline of the descending channel. Breaking the ceiling of the channel and the resistance range will provide the way for oil to rise to $75.
A member of Trump’s campaign stated that victory in Michigan and Pennsylvania is nearly certain. Meanwhile, Fox News has predicted that Trump will win the U.S. presidential election.
According to information from three informed sources, the United States and Saudi Arabia are in talks for a security agreement that would be independent of any broader agreement with Israel. This agreement is not aimed at achieving a comprehensive defense pact; however, Crown Prince Mohammed bin Salman and the White House wish to reach a security deal before President Biden’s term ends in January.
Prior to Hamas’s attacks on Israel on October 7, the Biden administration was in discussions with Saudi Arabia and Israel for a broader agreement that included normalization between Saudi Arabia and Israel. This agreement would have involved a U.S.-Saudi defense pact and civilian nuclear cooperation, which the White House believed had a higher chance of Senate approval.
However, the outbreak of conflict in Gaza and Lebanon and Saudi Arabia’s demand for the establishment of an independent Palestinian state delayed these negotiations. Meanwhile, Saudi Arabia’s national security advisor, Musaad bin Mohammed Al Aiban, traveled to Washington last week and met with U.S.
national security advisor Jake Sullivan and other officials, including Secretary of State Antony Blinken. Their discussions focused on U.S.-Saudi bilateral relations and a series of security, technological, and economic agreements they aim to sign before Biden’s term ends.
This security agreement was separate from efforts for a broader deal that included normalization between Saudi Arabia and Israel. The initial plan is to draft an agreement similar to what the Biden administration has signed with other Gulf countries in recent years. For instance, in March 2022, Qatar was recognized as a major non-NATO ally, and in September 2023, the U.S. and Bahrain signed a comprehensive security agreement.
Over the past four years, the Biden administration has sought to curb the growing influence of China and Russia in the Gulf region. U.S. officials have indicated that several countries previously leaning towards China and interested in purchasing strategic systems from Russia have now moved closer to the U.S.
The OPEC Secretary-General has stated that the global economy is in good condition and estimates global economic growth at 2.9%. OPEC holds an optimistic view of oil demand in both the short and long term. Although there are challenges, the overall picture is not as negative as some suggest. The OPEC Secretary-General believes that peak oil demand will not occur and that the global economy continues to grow.
TSLA to $600Ahh finally we have new president. With Trump as a president Elon Musk will get financial position in goverment and Trump fully supports him.
I do expect the TSLA price to do something way more insane than $600. I'm expecting from TSLA moves similar to NVDA or some of the ".com" bubble stocks.
We're pre-rich.
Trump is another name for #bitcoin's parabolic movements!🟢#Trump’s influence, especially in 2016, created a huge shift in the political arena, and this increased people’s interest in alternative financial systems like #Bitcoin.
🟢2016 was a time when Bitcoin started to be noticed by the wider public.
🟢Now, with Trump’s return, there will be a similar wave of excitement in CRYPTOCAP:BTC and the crypto markets.
🟢Interest in assets like #BTC will increase, especially when there is a lack of trust in traditional economic systems or a search for alternative solutions.
Nasdaq (NDX): US Election Hype vs RealityThe US Elections are just around the corner – a global event that everyone is eagerly anticipating. But the big question remains: Will the election results really have a massive impact on the financial markets? Or, at the end of the day, does it even matter who wins – Kamala Harris or Donald Trump? 🤔
We shared our view months ago: It doesn’t matter who takes the presidency. We firmly believe that a major market correction is inevitable, regardless of the election outcome. The timing? Impossible to predict. But one thing is clear: the warning signs are everywhere. From rising unemployment and skyrocketing debt to relentless inflation, the economic data paints a bleak picture, reinforcing our thesis.
Looking at the weekly NASDAQ:NDX chart, a drop of over 20% could definitely happen. This isn’t something to ignore. But even in the middle of this chaos, there is a golden opportunity: A significant downturn could present a rare chance to accumulate high-quality assets at very cheap prices. This could be the moment to build a perfect portfolio, positioning yourself for long-term gains when the market rebounds.
So, how should you approach this?
See the upcoming volatility as an opportunity, not a threat. Secure your open positions, stay adaptable, keep an eye on the markets, and buy strong assets undervalued.
And most importantly:
Sit back and enjoy the show that both the markets and the political landscape are about to deliver! 🍿
99% rate cut odds in election week? With both the election and an upcoming Fed meeting in focus, markets could face a surge in volatility this week.
According to the CME Group’s FedWatch Tool, traders are placing a 99% probability on a quarter-point rate cut at the conclusion of the Fed’s policy meeting on Thursday, following a half-point cut in September.
After the rate decision, Fed Chair Jerome Powell is expected to speak. But, even if Thursday brings a clear election outcome, Fed officials are likely to sidestep any questions about potential policies from the next administration until the winner assumes office. Only then will they assess how campaign pledges translate into actual policy, watching closely to see how businesses, consumers, and financial markets react before making any further moves on monetary policy.
Will Trump win?🔍 Technical Analysis of STRUMP/USDT 📉
Key price levels marked in green 🟢 and red 🔴 show potential "Winner" and "Loser" zones:
1️⃣ Winner Zones (Resistance)
Break above 0.007312 could drive price higher 🚀
Stronger resistance at 0.010810 to confirm uptrend 🔼
Higher targets at 0.017108 and 0.025640 📈
2️⃣ Loser Zones (Support)
First support at 0.004441; a fall below signals potential downtrend 🚨
Further support at 0.003255 and 0.002162 🛑
📉 Channel & Trend Lines: Price is moving within a descending channel ➡️ Breakout from this could indicate a reversal 🔄
Trading Strategy:
📈 If price enters green zones and breaks resistances, consider buying positions.
📉 If price drops into red zones and fails to hold support, selling or avoiding buys might be wise.
XAU/USD : Gold Set for a Move as U.S. Election Sparks VolatilityBy analyzing the #Gold chart in the 1-hour timeframe, we can observe several reactions to the demand levels we identified. Yesterday, we saw an initial bounce from the $2733 zone, with a 70-pip rise taking it close to $2740. Later, this morning, the price dipped below $2730 and reached the $2727 zone, where it was met with strong demand, resulting in a sharp increase of over 200 pips up to $2745.
Currently, gold is trading around $2742, and I expect it to soon make another move toward the liquidity pools above $2745 and $2748. After that, keep an eye on the price reaction at $2752.
Note that today is the U.S. election day, and the market may experience significant volatility. Be cautious with your trades!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Bitcoin will be the winner of the US electionsAn interesting relationship can be observed between #Bitcoin 's past halving cycles and the US presidential elections. #Halving is generally known as an event that starts an uptrend by reducing the supply of $BTC. It is known that immediately after the US presidential elections, there was a general relief in the markets and as the uncertainty disappeared, investors turned to riskier assets.
In this case, the removal of uncertainty in the post-election period, regardless of the candidates, will create relief in the market. With the effect of this relief, investors will turn to higher risk assets, triggering a bull run process. An asset with limited supply, such as Bitcoin, will also be positively affected by this process.
Short term analysis of Ethereum chartIn the 4-hour time frame, the green box is marked, which can be a suitable range for buying, around the price of $2,300 to $2,350. This analysis is suitable for those who trade in the short term, by the way, this is an analysis and no one from the future. 100% no news.
I suggest you follow me to find the right places to buy
be successful and profitable
US Presidential Election Forex Analysis5th November US Presidential Election
DXY: Could retest 103.50 area, and rebound up to cover gap and up to 104.30 (if price breaks 103.40 could trade down to 102.90)
NZDUSD: Sell 0.6040 SL 20 TP 80
AUDUSD: Sell 0.6635 SL 20 TP 60 (trend following) Counter trend opp: Buy 0.6670 SL 30 TP 90
GBPUSD: Sell 1.2980 SL 40 TP 130
EURUSD: Buy 1.0930 SL 30 TP 70
USDJPY: Ranging between 151.70 and 153.40, looking for breakout potential following major news
USDCHF: Buy 0.8650 SL 20 TP 55
USDCAD: Sell 1.3870 SL 20 TP 50
Gold: Needs to break 2730 to trade down to 2710 and then possible rebound
#Altcoin run is programmed in the medium term.2025 will be unique for #Alts and #Bitcoin
The impact of the elections in the US on financial markets can be significant. A win by #Trump or Harris could have different effects in terms of economic policies and market expectations. If Trump wins, it is possible that prices will rise even more due to high inflation expectations in the markets. If #Harris wins, it is expected that the #Fed will continue with its current monetary policies, so although there will be price fluctuations in the short term, it is possible that the bull run will continue in the long term.
It should not be forgotten that the election results are not only related to short-term effects, but also to medium and long-term economic fundamentals and central bank policies. 🤝
Tesla in daily logHello community,
A quick analysis of Elon Musk's action.
D-Day for him with the American election.
The market has granted him 6 red candles!
Doing politics and managing companies, I wonder if it's a good idea.
American citizen at the polls, your destiny is in your hands.
Courage, the world is watching you, American First!
Make your opinion, before placing an order.
► Thank you for boosting, commenting, subscribing!
$DOGE to the moon?CRYPTOCAP:DOGE is trading as one of the most bullish coins in crypto.
The idea is around Trump winning the elections in the US. If it happens, which I think will play out based on how stocks/crypto are trading, I think DOGE will be one of the best places to be positioned.
My entries were $.144 and $.150.
I marked off resistance levels should we see a Trump win in the election.
Below $.14 and I'd likely get out of the trade.
Let's see what happens tomorrow and Wednesday.
BTC: ATH Imminent? U.S. Election Could Be the Catalyst!Hey everyone!
If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!
Welcome to this BTC Update!
BTC has broken out of the parallel channel on the daily time frame and is currently hovering near the retest area. The market has been unusually quiet lately—this feels like the calm before the storm, and I’m anticipating a major pump from here.
It seems the whole market is waiting on the outcome of the U.S. elections. After the election, I expect BTC to break its ATH, aiming for $90k-$100k by year-end.
Invalidation: Daily close below the $64.8k level.
What’s your take on BTC’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!
Bitcoin - How will Bitcoin react to the results of the election?Bitcoin is located between the EMA50 and EMA200 in the 4H timeframe and is trading in its ascending channel. Risk on sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. We will look for Bitcoin resale positions within the specified supply zone.
Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. Bitcoin buying positions can be looked for in the two specified demand zones.
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
New surveys by “ABC News/Ipsos” indicate a close race between Kamala Harris and Donald Trump as the 2024 U.S. election approaches. These surveys reveal that 74% of voters are dissatisfied with the state of the country and also discontent with the current presidential candidates. Harris is slightly ahead with 49% support compared to Trump’s 46%. In the final days, Harris’s campaign has been more active in connecting with voters, gaining more support among Latinos, African Americans, and young women, whereas Trump holds greater support among white men and those without a college degree.
Donald Trump, the Republican candidate, has not only positioned himself as a pro-crypto figure but his tariff-raising policies could lead to inflation and increased geopolitical tensions. Trump, who previously opposed cryptocurrencies, has shifted to strong support for the industry this year. Decrypt previously reported that Trump aims to have all Bitcoin mining conducted in the U.S. and has launched a decentralized finance (DeFi) project running on Ethereum, with plans to issue his own stablecoin.
On the other hand, MicroStrategy, led by Michael Saylor, announced plans to raise $42 billion over the next three years to buy more Bitcoin. The company’s “21/21 Plan” aims to gather $21 billion through equity and $21 billion through debt. The company has stated that this additional capital will be used to acquire more Bitcoin as a treasury asset.
Their latest purchase in mid-September added 7,420 Bitcoin valued at $458.2 million, bringing their total holdings to 252,220 Bitcoin.
Performance of ETFs with the highest trading volume on Friday:
Total: - GETTEX:55M
BlackRock: $0M
Fidelity: - GETTEX:26M
Grayscale: -$5M
Bitcoin mining revenue and profit fell for the fourth consecutive month in October. JPMorgan reported that the average weekly hashrate of the Bitcoin network reached a record high. The bank estimated that Bitcoin miners earned an average of $41,800 per exahash per second, a 1% decrease from September. Additionally, daily gross profit reached a new low. Bitcoin mining difficulty hit an all-time high in October; however, transaction fees significantly increased, reaching 60% of the block reward by the end of the month. The monthly hashrate for the Bitcoin network increased to 702 EH/s in October, 9% higher than the previous month.
The latest update of the crypto market’s Fear and Greed Index shows that it remains in the greed zone, although it dropped by 4 points compared to the previous day.
NASDAQ - Nasdaq will lose the 20,000?!The index is located between EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel. If the range of 20,000 is broken, we can witness the continuation of the decline
If the index rises towards the two specified supply zones, you can look for Nasdaq sell positions up to the bottom of the ascending channel
The U.S. jobs report for October indicated that only 12,000 new jobs were added to the labor market, significantly below expectations. This drop was primarily due to strikes, particularly at Boeing, and the impacts of recent storms. In October 2024, 512,000 workers were unable to work due to hurricanes Helen and Milton, much higher than the historical average of 47,000. These conditions led to a slowdown in job growth for October. The unemployment rate remained at 4.1%, but revised data from previous months show a decline in job growth.
Goldman Sachs analysts predict that the U.S. stock market will grow by the end of the year, driven by various factors. The end of October marks reduced sales by investment and pension funds, which could support stock price growth. This outlook contrasts with the consensus on Wall Street, which expects stock prices to decline after the presidential election. However, Goldman Sachs believes that stock market growth will continue under current conditions.
A survey by the Conference Board shows that 51.4% of American consumers expect stock prices to rise over the next 12 months. This represents the highest optimism level recorded since the survey began in 1987, although experts remain skeptical.
Warren Buffett continued selling a significant portion of his Apple shares in the third quarter of 2024, selling nearly a quarter of his holdings. This move reduced Berkshire Hathaway’s stake in Apple to 300 million shares, representing a 67.2% decrease from the end of the third quarter last year. Despite these sales, Berkshire Hathaway’s cash reserves have reached $325.2 billion. Buffett indicated that some sales might be due to tax reasons, but the volume of sales suggests other factors may also be at play. Interestingly, Berkshire did not purchase any stocks during this period.
Next week’s U.S. election will be in the spotlight, with market participants in a state of uncertainty as it is unclear whether conclusive results will be announced immediately after polls close on Tuesday night. Meanwhile, central banks will also be in focus; the Reserve Bank of Australia will announce its monetary policy on Tuesday, followed by the Bank of England and the Federal Reserve on Thursday.
Additionally, markets await the release of the U.S. ISM Services PMI on Tuesday, weekly jobless claims data on Thursday, and the preliminary University of Michigan consumer sentiment index on Friday. These data points could significantly influence market direction during this crucial week.
Nick Timiraos, an economic analyst from The Wall Street Journal, believes the U.S. jobs report will not significantly alter expectations for a 0.25% rate cut by the Federal Reserve.
JPMorgan analysts suggest that if Trump wins the election, more expansionary fiscal policies will be implemented, which could increase the budget deficit and inflation. As a result, the Fed may pause rate cuts. Conversely, if Kamala Harris wins, the economy is expected to continue its slow and steady path, and the Fed would likely proceed with a rate cut in November; however, with a Trump victory, this cut may be halted in December.