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Trade Review - AIRS Daily chat showed a bullish continuation structure and weekly chart within a larger range (price inside of structure). Above chart shows execution, showed up on active scan instantly but decided to enter with some reservation. Trade Overview • Structure: Bullish Continuation (D) / Range (W) • Position: Near Mean (D) / Inside Range (W) • Entry Trigger: Range Expansion / Breakout Entry Details • Entry Price: 6.42 • Stop Price: 5.54 • Target Price: 7.56 • Expected Risk/Reward: 1.3 R Exit Strategy • Exit Price: Closed all into 7.56 (Measured Move) Performance Summary • Result: 1.3R from a 17.75% move
NASDAQ:AIRSLong
by Trader-Shah
Economic standpoint (Majors) Week Commencing 11/11/24Lest we Forget. Romans 8:18 I consider that our present sufferings are not worth comparing with the glory that will be revealed in us. GDP 1.1 USD The US economy expanded an annualised 2.8% in Q3 2024, below 3% in Q2 and forecasts of 3%, Personal spending increased at the fastest pace since Q1 2023 (3.7% vs 2.8% in Q2), boosted by a 6% surge in consumption of goods and robust spending on services. Government consumption rose more (5% vs 3.1%), led by defence spending. In addition, the contribution from net trade was less negative (-0.56 pp vs -0.9 pp), with both exports (8.9% vs 1%) and imports (11.2% vs 7.6%) soaring. On the other hand, private inventories dragged 0.17 pp from the growth, after adding 1.05 pp in Q2. Also, fixed investment slowed (1.3% vs 2.3%), led by a decline in structures (-4% vs 0.2%) and residential investment (-5.1% vs -2.8%). Investment in equipment, however, soared (11.1% vs 9.8%). The GDP Growth Rate in the United States is expected to be 1.50% by the end of this quarter, In the long-term, the United States GDP Growth Rate is projected to trend around 1.80% in 2025. 1.2 EUR The Eurozone economy expanded by 0.4% in Q3 2024, doubling the 0.2% growth in Q2 and surpassing forecasts of 0.2%, according to preliminary estimates from Eurostat. Consumer spending increased moderately, driven by rising household incomes and a resilient labour market1. Exports and imports grew by 1.1% and 1.3% respectively, while government spending slightly increased. The German economy avoided a recession with a 0.2% expansion, and GDP growth quickened in France (0.4% vs 0.2% in Q2). However, Italy's economy stalled and Latvia remained in contraction (-0.4% vs -0.3%). Year-on-year, the Eurozone GDP expanded by 0.9%, marking the best performance since Q1 2023. The European Central Bank (ECB) projects that economic growth will continue to be supported by rising household incomes, a resilient labour market, and increasing confidence, with GDP growth expected to reach 1.5% in 2025. 1.3 GBP The UK economy expanded by 0.5% in Q3 2024, below the 0.7% growth seen in Q2 and forecasts of 0.6%, according to the Office for National Statistics (ONS). Household spending increased slightly (0.2% vs 0.1% in Q2), driven by transport, housing, and miscellaneous expenses. Government consumption also rose (1.1% vs 1.4%), led by public administration and defence, which offset a fall in health spending. However, exports decreased by 0.3%, compared to initial estimates of a 0.8% rise, driven by a 2.8% decrease in goods exports. Imports increased by 6.3%, down from 7.7%. On the other hand, gross capital formation was revised higher (0.6% vs 0.4%), with business investment soaring 1.4%, compared to a 0.1% drop in the preliminary estimate. The GDP Growth Rate in the United Kingdom is expected to be 0.50% by the end of this quarter, according to Trading Economics global macro models and analysts' expectations. In the long term, the United Kingdom GDP Growth Rate is projected to trend around 0.60% in 2025. Inflation 2.1 USD The annual inflation rate in the US unexpectedly slowed to 2.4% in November, the lowest since March ‘21 compared to 3.4% in April and forecasts of 3.4%. Inflation has slightly increased for food by 0.2%. Shelter remains stubbornly high and expected to remain elevated, with forecasts suggesting it will reach 4.8% year-over-year in December 2024 and stay above pandemic levels well into ‘25. Transportations were down (10.5% vs 11.2%), and apparel (0.8% vs 1.0%), while energy costs rose more (3.7% vs 2.6%), particularly gasoline (2.2% vs 1.1%), utility gas service (0.2% vs -1.9%), and fuel oil (3.6% vs -0.8%). Compared to the previous month, the CPI was unchanged, the least since July 2022, against forecasts of a 0.1% increase and following a 0.3% rise in April. A decline in gasoline prices was offset by higher shelter costs. Meanwhile, core inflation slowed to 2.4% annually, the lowest rate since April 2021 and below the consensus of 3.5%. The monthly core inflation rate also fell to 0.1% from 0.2%, better than forecasts of 0.3%. Consumer prices in the US were unchanged in May 2024 after rising 0.3% in the previous period and below forecasts of a 0.1% increase. The energy index fell 2% over the month, led by a 3.6% decrease in the gasoline index. Conversely, the index for shelter rose 0.4%, while food prices edged up by 0.1%. Excluding food and energy, core consumer prices rose 0.2%, easing from a 0.3% increase in the previous month and marking a fresh 7-month low. 2.2 EUR Over the past two months, the Eurozone has experienced a notable stabilisation in its inflation rates. After peaking at 2.6% in July 2024, the annual inflation rate has steadily declined to 2.0% in October 2024. This trend can be attributed to a slower rise in energy costs and a more moderate increase in the prices of food, alcohol, and tobacco. Additionally, the costs of services and non-energy industrial goods have shown a more contained increase. The European Central Bank’s objective of achieving a 2% inflation rate has been met, signalling a balanced approach to monetary policy and overall economic stability. Consumer confidence has also seen an improvement, with the economic sentiment indicator rising to 103.5 in October from 102.9 in the previous month, reflecting optimism about future economic conditions and stability in the region. 2.3 GBP The UK has also seen a similar trend in its inflation rates over the past two months, with a slight but steady decline. In September 2024, the inflation rate was recorded at 2.2%, which decreased to 2.0% in October 2024. This reduction is primarily driven by a decrease in energy prices, specifically in gas and electricity, and a slower growth rate in the cost of non-energy industrial goods. Additionally, the prices of clothing and footwear have shown a moderate increase, contributing to the overall inflation rate. The Bank of England continues to monitor these trends to ensure that inflation remains within the target range, supporting sustainable economic growth. The labour market has remained resilient, with unemployment rates stable at 3.8%, and wage growth showing a positive trend, which helps in sustaining consumer spending and overall economic activity. 3. Interest Rates 3.1 USD The Federal Reserve decided to maintain the federal funds target range at 4.50%-4.75% during its November 2024 meeting, following a 25 basis points cut in September. This move marks the second rate cut this year as policymakers respond to cooling inflation. The decision aligns with the Fed's cautious approach to monetary policy, aiming to balance economic growth with price stability. The central bank's projections now anticipate one more rate cut by the end of 2024 and several additional reductions in 2025, with the long-term rate expected to settle around 3.25% by 2026. The Fed's GDP growth projections remain steady at 2.1% for 2024, reflecting a resilient economy. However, PCE inflation has been revised downward to 2.4% for 2025, indicating expectations of further easing price pressures. The unemployment rate is projected to remain steady at 4% for 2024, with a slight increase to 4.2% in 2025, as the labour market adjusts to the evolving economic conditions. This cautious but responsive approach underscores the Fed's commitment to achieving its dual mandate of maximum employment and price stability. 3.2 EUR In the Eurozone, the European Central Bank (ECB) has continued its efforts to manage inflation by adjusting key interest rates. In October 2024, the ECB lowered the deposit facility rate to 3.25%, the main refinancing operations rate to 3.40%, and the marginal lending facility rate to 3.65%. These changes follow similar rate cuts in September and June, reflecting the ECB's commitment to ensuring inflation moves towards its 2% target. The ECB's updated assessment indicates that disinflation is progressing well, with inflation falling below the target for the first time in over three years. While short-term inflation expectations have risen slightly, the ECB remains focused on achieving medium-term price stability through a data-driven, flexible approach. 3.3 GBP In the UK, the Bank of England has taken a cautious approach to interest rates in recent months. In its November 2024 meeting, the Bank decided to lower the benchmark interest rate by 25 basis points to 4.75%, marking the second rate cut this year following a similar reduction in August. This decision was driven by evidence of slowing price growth, with September's inflation print dropping to an over three-year low of 1.7%1. Services inflation, which tends to be stickier, fell to a two-year low of 4.9%, although it remains elevated. The Monetary Policy Committee (MPC) voted 8 to 1 in favour of the cut, with one member opting for a hold. The Bank now projects inflation to end the year at 2.5% and to reach 2.2% by 2026. Additionally, the expansionary budget delivered by the Labour Party is expected to lift GDP growth by 0.75% at its peak impact within a year. The Bank continues to monitor economic indicators closely to ensure that inflation remains within the target range, supporting sustainable economic growth. 4. Unemployment & NFP 4.1 USD The unemployment rate in the United States increased to 4.1% in October 2024, up from 4.0% in September. This rise was driven by an increase in the number of unemployed individuals, which reached 6.649 million, up by 157,000 from the previous month. The labour force participation rate remained steady at 62.5%, while the employment-population ratio slightly decreased to 60.1%. The rise in unemployment was somewhat unexpected, as market forecasts had predicted the rate to remain unchanged. In terms of Non-Farm Payrolls, the US economy added 272,000 jobs in October 2024, marking the highest monthly increase in the past five months. This figure surpassed market expectations of 185,000 jobs and was significantly higher than the downwardly revised 165,000 jobs added in September. The healthcare sector led the job gains with 68,000 new jobs, while other sectors such as leisure and hospitality, and professional, scientific, and technical services also saw notable increases. However, employment in mining, quarrying, oil and gas extraction, construction, and manufacturing showed little or no change. 4.2 EUR In October 2024, the unemployment rate in the Eurozone remained stable at 6.3%, unchanged from the previous month. This rate is a decrease from 6.6% in September 2023, indicating a gradual improvement in the job market over the past year. Eurostat estimates that 10.884 million people were unemployed in the Eurozone during this period. Despite the stable unemployment rate, unemployed individuals increased slightly by 13,000 compared to August 2024. The youth unemployment rate in the Eurozone saw a slight increase to 14.4% in October 2024, up from 14.3% in September. This rise highlights ongoing challenges in the labour market for younger workers, even as the overall unemployment rate shows signs of improvement1. The stability in the unemployment rate suggests that while the job market is not worsening, it is also not improving significantly, indicating a need for continued efforts to boost employment opportunities, especially for the youth. 4.3 GBP In the United Kingdom, the unemployment rate saw a slight decline to 4.0% in the three-month period from June to August 2024, down from 4.1% in the previous quarter. This decrease brought the number of unemployed individuals down to 1.39 million, the lowest level since January 2024. The decline in unemployment was slightly better than market estimates, indicating a positive trend in the UK job market2. The labour force participation rate remained steady at 62.5%, while the employment-population ratio increased to 60.1%. This suggests that more people are entering the workforce and finding jobs, contributing to the overall improvement in the labour market. Despite the positive trend in unemployment, the UK economy faced some challenges in the labour market. The number of payrolled employees decreased by 35,000 between July and August 2024, reflecting some volatility in employment figures. However, the longer-term trend shows an increase of 165,000 paid employees compared to August 2023. The early estimate for September 2024 indicated a slight decrease of 15,000 in payrolled employees, but this figure is provisional and subject to revision. The overall employment rate increased to 75.0% in the year from June to August 2024, indicating a resilient job market despite some short-term fluctuations. 5. Manufacturing & Services 5.1 USD Manufacturing: In October 2024, the U.S. manufacturing sector continued to face challenges, with the ISM Manufacturing PMI remaining in contraction territory at 46.5. This marks a seventh consecutive month of decline, driven by weak demand and ongoing uncertainties ahead of the presidential election1. Key industries such as transportation equipment and chemical products reported significant contractions, while apparel and petroleum products saw some growth. The Federal Reserve's recent interest rate cuts have yet to significantly boost manufacturing activity1. Services: On a brighter note, the U.S. services sector experienced a notable expansion in October 2024, with the ISM Services PMI rising to 56.0, the highest level since July 2022. This growth was supported by increased employment and supplier deliveries, despite some political uncertainty and disruptions from hurricanes2. The services sector, which accounts for more than two-thirds of the economy, continues to show resilience and is expected to maintain a brisk pace of activity through the year-end holiday season. 5.2 EUR Manufacturing: The Eurozone's manufacturing sector continued to struggle in October 2024, with the HCOB Eurozone Manufacturing PMI rising slightly to 46.0 from 45.0 in September. Despite this slight improvement, the sector has seen 28 consecutive months of contraction, the longest downturn since records began in 19972. Production volumes fell for the 19th month, constrained by a further decline in new factory orders, leading to additional job cuts. However, contractions in production, sales, and employment softened over the month. Services: In contrast, the Eurozone's services sector showed resilience in October 2024, with the HCOB Eurozone Services PMI edging higher to 51.6 from 51.4 in September. This indicates a continued expansion, albeit at a modest pace. New contracts for service providers fell for a second consecutive month, particularly with export orders declining the most in ten months. Nonetheless, employment levels continued to rise, and respondents remained confident about activity levels in the upcoming 12 months 5.3 GBP Manufacturing: The UK manufacturing sector contracted in October 2024, with the S&P Global UK Manufacturing PMI falling to 49.9 from 51.5 in September. This marks the first time the PMI has fallen below the neutral 50.0 mark since April, indicating a contraction in the sector. The decline was driven by a lack of market optimism, slower economic growth, stretched supply chains, and concerns about the potential impact of the upcoming Budget. New work intakes and output growth saw significant reductions, reflecting the challenging environment for UK manufacturers. Services: In contrast, the UK services sector continued to grow, albeit slower. The S&P Global UK Services PMI stood at 52.0 in October 2024, down from 52.4 in September. While the sector remains in expansion, the growth rate was the weakest since November 20233. The slowdown was attributed to heightened business uncertainty and concerns about the general economic outlook ahead of the Budget. Despite this, new business growth and employment levels in the services sector remained positive, indicating continued resilience. 6. Consumer Confidence 6.1 USD In October 2024, consumer confidence in the US rebounded significantly, with the Conference Board Consumer Confidence Index rising to 108.7 from 99.2 in September. This increase was driven by improved perceptions of current business conditions and job availability, as well as increased optimism about future business conditions and income1. The Present Situation Index, which measures consumers' assessment of current business and labour market conditions, jumped by 14.2 points to 138.0, while the Expectations Index, reflecting short-term outlooks, increased by 6.3 points to 89.1. This rise in consumer confidence suggests that Americans are feeling more positive about the economy as the year comes to a close 6.2 EUR In October 2024, consumer confidence in the UK experienced a slight decline, with the GfK Consumer Confidence Index falling to -21 from -20 in September. This drop to the lowest level this year was largely due to uncertainties surrounding the upcoming budget and rising energy bills, which deterred shoppers1. Despite a fall in the headline rate of inflation, consumers remain cautious about the general economic situation. However, there was a slight increase in the Major Purchase Index, suggesting some optimism about future discretionary spending. 6.3 GBP In October 2024, consumer confidence in the Eurozone saw a modest improvement, with the consumer confidence indicator rising to -12.5 from -12.9 in September. This increase of 0.4 points was driven by slightly more optimistic views on the general economic and personal financial conditions. Despite this uptick, consumer confidence remains below its long-term average, reflecting ongoing concerns about inflation and economic stability. The improvement, however, suggests a cautious optimism among Eurozone consumers as they navigate the current economic landscape. Overall Market outlook/summary Market Summary/Outlook: Stocks The return of Donald Trump to the White House has sent shockwaves through financial markets, with U.S. stocks surging to record highs. Investors are optimistic about Trump's economic agenda, which includes tax cuts, deregulation, and increased infrastructure spending. The S&P 500 and the Nasdaq have both seen significant gains, driven by expectations of strong corporate earnings growth and a more market-friendly regulatory environment. However, there are concerns about rising inflation and higher interest rates, which could eventually weigh on stock valuations. The market's initial euphoria may be tempered by these factors as the new administration's policies unfold. Market Summary/Outlook: Crypto The cryptocurrency market has also reacted positively to Trump's return, with Bitcoin and other major cryptocurrencies reaching new highs. Trump's previous support for cryptocurrencies and his pledge to reduce regulatory burdens have boosted investor confidence. The price of Bitcoin surged nearly 8% to a record $75,345, while other cryptocurrencies like Ethereum and Dogecoin also saw significant gains. However, the market remains highly volatile, and regulatory uncertainties could pose risks. Investors are closely watching for any new policies that could impact the crypto space, as Trump's administration navigates the complex landscape of digital assets. Follow for more updates @activejjhhh Disclaimer Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the consumer based on information received or a market analysis is expressly excluded by 1 "jj". All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments. In view of the high risks, you should only carry out such transactions if you understand the nature of the contracts (and contractual relationships) you are entering into and if you are able to fully assess the extent of your risk potential. Trading with futures, options, forex, CFDs, stocks, cryptocurrencies and similar financial instruments is not suitable for many people. 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None of the information made available by me "jj" constitutes an invitation to trade in financial instruments or securities of any kind. I wish to point out that trading in stocks, currencies, CFDs (Contracts for Difference), Forex, spread betting, futures and cryptocurrencies, etc. ("Trading") involves a significant risk of loss and is not suitable for all investors: in particular, past developments do not necessarily indicate future results. Please note that the risk of loss in trading can be substantial. You should therefore find out the details of your financial situation and, if necessary, consult professional help to assess whether your personal and financial situation allows trading and whether you are in a position to take the high risk of loss. 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BITSTAMP:BTCUSDLong
by activejjhhh
Fundamental Market Analysis for November 11, 2024 GBPUSDThe GBP/USD pair starts the new week on a softer note, although it fails to find continued selling and remains range-bound around the 1.29000 mark amid mixed fundamentals. The US Dollar (USD) is holding below the four-month high reached last week amid expectations that US President-elect Donald Trump's policies will spur inflation and limit the Federal Reserve's (Fed) ability to aggressively ease policy. This, in turn, is seen as a key factor acting as a headwind for GBP/USD, although the Bank of England's hawkish stance is helping to limit rate cuts. In fact, the Bank of England has warned that the expansive Autumn Budget presented by Chancellor Rachel Reeves is expected to spur inflation, suggesting a cautious stance on rate cuts in 2025. In addition, risk-on sentiment is helping to limit the rise of the safe-haven US Dollar and providing some support for the GBP/USD pair, allowing for some caution before making aggressive bearish bets. Investors also seem reluctant and may prefer to stand back ahead of important macroeconomic releases from the UK and US. This week's economic calendar includes UK employment data on Tuesday, US consumer inflation data and the Producer Price Index (PPI) on Wednesday and Thursday respectively, followed by preliminary UK Q3 GDP and US retail sales on Friday. Trading recommendation: Watch the level of 1.29000, if the level is fixed below consider Sell positions, if the level bounces back consider Buy positions.
by Fresh-Forexcast2004
ARTYFACT Great Growth Ahead! Buy! Hello,Traders! ATRYFACT has made a Powerful rebound from the Massive horizontal support Level of 0.3223 and already Made more than 80% in gains But this is not a limit as We are bullish biased due to A confluence of the technical And fundamental factors Such as the news that the Coin will be present in Epic Games, XBOX and PlayStation stores So we will be expecting further Growth with the resistance level Around 1.4000 being the next target! Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Long
by TopTradingSignals
2
$AVXL Potential Movement (11/11/24)Hey Traders, NASDAQ:AVXL is riding the market momentum hard this month! We’ve got a key support level at $8.10, marked by the previous higher high and break of structure—watch for a possible test here before the next leg up! On the resistance side, it’s looking so strong we’re jumping to the 1-week chart, with the previous high all the way up at $10.20. This one’s definitely one to watch as we head into Monday! As always, trade with discipline and lock in those profits! David Diz-Plin Trading
NASDAQ:AVXL
by DizPlin
$GME Potential Movement (11/11/24)Hey Traders, NYSE:GME is back on the radar, showing its classic meme-stock momentum! On the 1-hour chart, we’re watching a solid structure here: there’s a break of structure at $25.02 that’s been tested twice today but has held as strong resistance so far. Our key support zone sits at $24.53 (previous higher high and BOS), with another potential test point nearby at $24.64. If we break through that $25 resistance on the 1-day chart, we could see a push toward the gap fill at $25.56. Stay disciplined and remember to secure those gains! David Diz-Plin Trading
NYSE:GME
by DizPlin
1
HelenP. I Euro will rebound down from resistance zone to $1.0650Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price trades near the resistance zone (1.1120/1.1090) and then breaks the 2nd resistance level and starts to trades below. Some time later price declined a little more, but soon turned around and rose to the resistance zone, breaking resistance 1 one more time. Next, Euro continued to grow and reached the trend line, after which turned around and started to decline. In a shor time, the price broke resistance 1 again and continued to fall to another one resistance zone (1.0790/1.0760), which coincided with the current resistance level. When the price reached this zone, it at once rebounded and rose to the trend line, but soon fell back to the resistance area, after which made a strong upward movement, breaking the trend line. Euro rose to 1.0940 points, making a gap also, and then made a strong impulse down. Price broke resistance 1 and reached the trend line, but a not long time ago it rose to this level and now trades very close. In my opinion, EURUSD will enter to resistance zone and then rebound down. For this case, I set my goal at 1.0650 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
Gold can make small correction and then continue to move upHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some days ago entered to wedge, where it at once rebounded from the resistance line and started to decline to the support line. When the price dropped to this line, it broke the 2650 level, after which later, Gold started to grow and in a short time backed up to the 2650 level. Soon, the price broke this level one more time and then made a retest, after which continued to move up. In a short time price rose to the resistance level, which coincided with the seller zone, and then started to trades between the 2740 level. Later, the price broke this level and rose to the resistance line of the wedge, and even exited from this pattern. But then it dropped to the seller zone, some time traded inside, and then made a downward impulse to the buyer zone, breaking the 2740 level. After this, Gold started to grow and now it continues to rise to this day. So, in my mind, Gold will little correct and then continue to move up to the 2740 resistance level. For this case, my TP is at this level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
2
GOLD - Price can reah resistance level and then start to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price grew inside rising channel, where ot fell to support area and then bounced up, breaking $2500 level. Then price rose in channel to $2605 level, exited from rising channel, and started to trades inside flat. In flat, Gold rose to top part and then made a correction to $2605 support level, after which bounced up. Price exited from flat and continued to grow inside pennant, where it rose to resistance line, breaking $2710 level. But recently, XAU turned around and made downward impulse, exited from pennant, and broke $2710 level one more time. Now it growing and I think Gold can reach resistance level and then fall to $2605 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
5
EURUSD SELL | Idea Trading AnalysisEURUSD is moving on support zone The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Short
by TheGrove
5
Gold : A Perfect Buy Opportunity Amid Expected Pullback!Yesterday, gold prices surged above 2700, rising $60 from open to close. Following such a significant increase, some pullback is likely in today’s session. However, this does not signal the end of the uptrend but rather a natural price correction. After the pullback, gold is expected to resume its upward momentum, with potential to break above 2730. Based on this analysis, today’s strategy is to continue buying gold. The ideal buying range is between 2688-2674, with a target set between 2725-2732. This pullback presents an excellent entry point for bullish positions, creating the potential for further profits!
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
1
SOFI ($SOFI) BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! BUY!NASDAQ:SOFI SOFI BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! Here is what we are going to deep dive into in this video: 1.) Review Sofi's earnings report from this morning 2.) What SOFI's charts are telling us, using my "High Five Setup" trading strategy 3.) A look at the fundamentals of the company and what score /6 SOFI received on my "Valuation Pro Analyzer" Let me know what you think of my analysis in the comments below. What stocks do you want to see next through my strategies and tools? Did you buy the dip on NASDAQ:SOFI ? LIKE l FOLLOW l SHARE Not financial advice.
NASDAQ:SOFILong
by RonnieV29
Bitcoin hits new all-time high amid U.S. elections!Yesterday, November 6, 2024, the U.S. presidential election results were announced, and the race was won by Donald Trump, a strong advocate for cryptocurrency! During his campaign, on September 18, 2024, the current U.S. leader made a bold move toward the digital asset community by treating supporters to burgers at PubKey in New York, paid for in Bitcoin. During the voting and after the results were announced, Bitcoin (BTCUSD) demonstrated a rapid surge. Starting around $68,000, Bitcoin broke past $76,000, hitting a historical peak and posting an impressive 12% gain within just 24 hours! In addition to the support from the leader of one of the world’s top nations, cryptocurrency has plenty more cards up its sleeve. Key growth factors and expert insights: Institutional investor interest: Major corporations and institutional investors continue to increase their Bitcoin investments, supporting high demand and limited supply in the market. For example, well-known company MicroStrategy (#MSTR) acquired 5,445 BTC for $150 million from August through late September! Rising demand amid economic uncertainty: With inflation on the rise, geopolitical instability, and volatility in traditional markets, investors are seeking more stable assets. Bitcoin, alongside gold (XAUUSD), is becoming a preferred choice for capital preservation. Expectations of U.S. Fed policy easing: With potential interest rate cuts on the horizon, interest in cryptocurrencies as alternative assets is increasing. Experts estimate an 87% probability of a rate cut at the next meeting, creating additional incentives for investing in BTC and other crypto assets. Positive analyst forecasts: The projected minimum Bitcoin price in January 2025 is $71,468, with an average of $78,168 and a maximum of $80,402. By December, these figures are expected to rise to $106,235, $109,213, and $124,937, respectively. Growth is anticipated to remain steady, without declines or corrections, throughout the year. On September 19, 2024, FreshForex analysts highlighted the undeniable growth drivers for the entire crypto sector. With Trump at the helm of the U.S., crypto growth is practically inevitable! Don’t miss your chance!
BINANCE:BTCUSDLong
by Fresh-Forexcast2004
Sensex Support and Resistance Levels For 8th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Sensex, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
BSE:SENSEXLong
by Prabhu2020
Nifty Support and Resistance Levels For 8th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Nifty, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
NSE:NIFTYLong
by Prabhu2020
BankNifty Support and Resistance Levels For 8th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Banknifty, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
NSE:BANKNIFTYLong
by Prabhu2020