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Bank of America - Extending higher from the bullish flagBank of America Corp - Short Term - We look to Buy at 37.17 (stop at 35.28) Posted a Double Bottom formation. Prices are extending higher from the bullish flag/pennant formation. The formation has a measured move target of 44.30. Further upside is expected although we prefer to set longs at our bespoke support levels at 37.17, resulting in improved risk/reward. Our profit targets will be 44.30 and 48.82 Resistance: 38.60 / 40.37 / 43.75 Support: 37.15 / 36.20 / 32.63 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:BACLong
by VantageMarkets
US Dollar Currency Index (DXY)US Dollar Currency Index (DXY) 1W hollow candlesticks After an ATH (All-Time High), the US Dollar Index appears to be finding its first major support area, which occurs from the golden ratio of the Fibonacci Retracement sequence. Two triangles are formed, two ascending triangles. In the first triangle, the breakout will occur at the end of 2022. Certainly from the new year, it is most likely to break the Resistance area, located at 103.650, as it will then enter the second smaller triangle. Towards the end of 2023 or even earlier, seems to be the next support area, which is clearly seen by the extension of a second Fibonacci Retracement. The point is that the dollar is starting to lose value, while the euro is gaining, as also Forex market is starting to lose ground. That's for now. Good luck. #CryptoHellas Team
TVC:DXY
by CryptoHellas
1
Ford running out of gas?Ford - Short Term - We look to Sell at 13.89 (stop at 14.82) The medium term bias remains bearish. Broken out of the channel formation to the downside. Selling continued from the 61.8% pullback level of 14.41. The gap open from 14.34 to 13.94 has now been closed. Preferred trade is to sell into rallies. Our profit targets will be 11.01 and 10.40 Resistance: 14.20 / 14.41 / 15.33 Support: 13.55 / 12.50 / 11.01 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:FShort
by VantageMarkets
DXY MOVE NEXT WEEK The dollar is still resisting the rise and it has signs of weakness, and I expect the next movement to be downward, especially with the somewhat lower inflation and the comments of the Monetary Policy Committee from the Federal Reserve members to reduce interest rates on the US dollar during the coming months. We wait and see what next week has in store for us. What do you think of the strength of the dollar currently? Is it subject to more collapses, or will it have a word next week that contradicts all expectations? The four golden rules of trading 1 Don't be greedy 2 Always use stop loss 3 Never add other positions to the losing positions 4 Use a suitable lot for your account ❤️Please, support our work with like & comment!❤️
TVC:DXYShort
by zaidhatem
Gold may continue to rise again.Gold is still in an upward trend until the opposite is proven, so the next move is likely to be towards levels above 1800. Gold is inversely linked to the US dollar, so it is likely that the dollar is currently in a state of weakness, but the strength of the dollar is getting sick but not dying. Therefore, caution should be a friend of our trading when we trade in gold. The four golden rules of trading 1 Don't be greedy 2 Always use stop loss 3 Never add other positions to the losing positions 4 Use a suitable lot for your account ❤️Please, support our work with like & comment!❤️
FOREXCOM:XAUUSDLong
by zaidhatem
Tesla - Breaking out of a wedgeTesla - Short Term - We look to Buy at 177.90 (stop at 163.33) The medium term bias remains bearish. Broken out of the wedge formation to the upside. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Preferred trade is to buy on dips. Our profit targets will be 237.00 and 262 Resistance: 200.82 / 237.40 / 265.25 Support: 169.91 / 166.19 / 150.83 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:TSLALong
by VantageMarkets
NKE - Just do itNike Inc - Intraday - We look to Buy at 99.72 (stop at 91.56) Broken out of the channel formation to the upside. We have a Gap open at 99.72 from 10/11/2022 to 11/11/2022. Further upside is expected although we prefer to buy into dips close to the 99.72 level. Expect trading to remain mixed and volatile. Our profit targets will be 118.44 and 139.00 Resistance: 109.31 / 113.36 / 118.47 Support: 99.72 / 92.10 / 82.22 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:NKELong
by VantageMarkets
1
Target - Corporate earnings season resemblant of the bear marketYesterday, Target announced its earnings for the third quarter of 2022. The report outlined softening sales and profit trends with downgraded guidance going forward. Total revenue and cost of sales increased year over year, while net earnings and EPS fell dramatically for that same period. Subsequently, shares of Target fell more than 13% in the pre-market trading. Target is yet another company that fulfills our prediction about a weak corporate earnings season and progression into the second phase of the bear market. We expect this trend to worsen in the next earning season and further enforce our thesis. Total revenue = $26.518 billion (+3.4% YoY) Cost of sales = $19.680 billion (+8.1% YoY) GAAP Earnings per share = $1.54 (-49.3% YoY) Operating income = $1.022 billion (-49.2% YoY) Net earnings = $712 million (-52.1% YoY) Illustration 1.01 The image above shows the daily chart of Target. Yellow arrows indicate previous earnings reports and subsequent price action. Technical analysis - daily time frame RSI and Stochastic reversed to the downside. MACD flattens, and if it breaks below 0 points, it will bolster the bearish case. DM+ and DM- performed a bearish crossover. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, and Stochastic show signs of exhaustion. DM+ and DM- are bullish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NYSE:TGTShort
by Tradersweekly
6
InvestMate|S&P 500 Will we continue the uptrend?📈S&P 500 Will we continue the uptrend? 📈After the US rate hike of 75 points on 2 November, the market is assuming that the next one will only be 50 points, and looking at the economic situation, the Fed doesn't have such a push for rate hikes anymore. 📈In the US where inflation has been slowing for over 4 months now and the next reading will be on 10 November. Which puts an effective brake on future rate hikes. 📈Looking at the last few weeks, we see clear signs of a weakening dollar appreciation trend and the market is slowly discounting the gradual weakening of the dollar against other currencies. 📈Looking at the major US indices and equities. The slow deceleration in interest rates and an improving economy is poised to translate positively into the performance of major companies which will push their valuations higher. 📈Turning to the chart. 📈We have been in a downtrend since 4 January this year. 📈Taking a look at the weekly chart and measuring the waves from the covid bottom we see that we have already made practically a 50% decline from the peak which at the lowest level was -27.56% 📈 Looking at the overall structure of this downtrend which is characterised by large upward corrections. I can confidently say that we are at a price point where the price can find solid support that is hard to break through. 📈Looking at the local perspective where we have already made a 50% wave correction from bottom to top, and the fact that we are on a strong support zone. Allows us to believe that it is currently time for an upward impulse 📈Yesterday's price turbulence related to the FED's interest rate hike in the US. They were impulsive in nature. First we got what the market was expecting, i.e. a 50pc interest rate hike, which was not as big as it had been in the past, then Jay Powell warned the market that his stance remained hawkish, which caused the dollar to suddenly weaken, after which it strengthened significantly again. 📈It looked like a typical speculative move. 📈For this we flashed a descent to really attractive levels on the US indices, allowing us to conclude that the coveted major correction in the uptrend has already taken place. 📈I encourage you to keep an eye on this index, as demand for the dollar slows down and the economic climate gets better, increases in equity valuations are inevitable. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
ULong
by InvestMate
6
Bearish flag on VmwareVMware - Short Term - We look to Sell at 111.95 (stop at 115.15) The medium-term bias remains bearish. Trading within the Wedge formation. Prices are extending lower from the bearish flag/pennant formation. We have a Gap open at 111.95 from 02/11/2022 to 03/11/2022. The preferred trade is to sell into rallies. Our profit targets will be 96.19 and 91.55 Resistance: 111.95 / 114.41 / 118.68 Support: 103.55 / 102.53 / 96.19 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VShort
by VantageMarkets
SPX - The decisive moment lies aheadThe market remains complacent even though the two-day meeting of the FED is set to commence today, and central bankers are expected to raise interest rates by 75 basis points tomorrow. Despite that, however, we remain bearish and believe the reality will sink in after the FOMC, and the rally will cease. Indeed, we believe the market will progress deeper into the second phase of the bear market, which has been confirmed by the weak earning season for the third quarter of 2022. Although with that being said, we would not be surprised to see one more push to the upside as an initial reaction to the FED decision, with investors again seeking to buy stocks at a discount and looking for a reversal in monetary policies. Regardless, we do not backtrack on our price targets at 3 500 USD and 3 400 USD. Illustration 1.01 Illustration 1.01 shows the daily chart of SPX and two simple moving averages. It also depicts previous bear market rallies and the current one. At the moment, the SPX remains down almost 19% from its all-time-high value. Technical analysis - daily time frame MACD is bullish; we will pay close attention to whether it can hold above 0 points; if not, it will be very bearish. RSI and Stochastic are bullish. DM+ and DM- are bullish as well. Overall, the daily time frame is bullish. Technical analysis - weekly time frame RSI and MACD are neutral. Stochastic is slightly bullish. DM+ and DM- are bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPXShort
by Tradersweekly
10