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Fundamental Market Analysis for October 18, 2024 EURUSDEUR/USD broke its four-day losing streak, trading near 1.0840 during the Asian session on Friday. However, the US dollar (USD) received support and hit a two-month high of 103.87 on Thursday, helped by a good US retail sales report, which fueled expectations that the Federal Reserve (Fed) may go for a nominal rate cut. According to the CME FedWatch Tool, there is a 90.8% chance of a 25 basis point rate cut in November and a 74.0% chance of another cut in December. U.S. retail sales rose 0.4% month-over-month in September, exceeding both August's 0.1% increase and market expectations for a 0.3% increase. Initial jobless claims in the U.S. fell by 19,000 in the week ended October 11, the largest decline in three months. Total claims fell to 241,000, well below the 260,000 expected. However, the euro faced downward pressure following Thursday's decision by the European Central Bank (ECB). The ECB cut its main refinancing operations rate and deposit rate by 25 basis points to 3.40% and 3.25%, respectively. Trade recommendation: Watch the level of 1.0860, when fixing above consider Buy positions, when rebounding consider Sell positions.
by Fresh-Forexcast2004
BTC UPDATE - 29.07.2024 / Will the growth continue?1d: I observe repeated liquidity manipulation of the lower accumulation boundary, followed by aggressive movement to the first target in the form of 69198.7 On 1h Tf: we see an aggressive and balanced order flow. I want to see the continuation of this upward movement from current through reaction to local imbalance and change of structure on lower tf. There is also an option of leaving through liquidity overshift in the imbalance zone (69273.9 - 68800). Buyer's next target on bitcoin: high at 72132.8
Long
by trademansi0n
AUDJPY BEARISH❤️Forex Besties❤️ INFORMATION The strong short-term decline in AUD/JPY calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 97.47 JPY, one could consider taking advantage of the short-term movement. The first bearish objective is located at 97.04 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 96.80 JPY as an objective. Crossing it would then enable sellers to target 96.41 JPY. Be careful, a return to above 97.47 JPY could jeopardize the reversal. 🔥SELL AUDJPY 97.800 - 98.900 SL @188.127 ✅TP 1 @ 97.600 ✅TP 2 @ 97.300 ✅TP 3 @ 97.100 ❤️FOREX BESTIES WEB - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction. ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
Short
by My_Forex_Team
Up Only (OPU) - long crypto gaming, huge potentialTrading low cap is fun but when you can find hidden games just by identify them by chart. UpOnly (UPO) is a Web3 Gaming Analytics and Prediction Platform (like the narrative btw) UpOnly (UPO) have: 1) A Nice looking chart 2) Low market Cap 3) A lot of Twitter followers (110K) 4) Exchange Listings When I see something pooping out like this in the chart after 16 months of accumulation, It's almost a screening buy. But I like to do some research and find a good entry first. In this case I think a good entry point could be at 0.062 (FIB-level 0.382). This is of course a wild bet that could go to zero - but I like it, I see huge potential here!
Long
by TaTaTaCrypto
3
NZDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
2
Sunny🌞   (Confidence: 1.0 )🌤️ Bitcoin Weather Forecast 🌤️ It's looking like sunny skies ahead for Bitcoin! ☀️ In the past hour, Bitcoin's price opened at 28158 and climbed as high as 28384, with a low of 28000. The closing price was 28350, above the ema9 of 28446, but below the ema21 of 28655. Despite this, the long-term trend is still looking good with the ema50 at 28908, ema100 at 28951, and ema200 at 28807. Although the RSI is only at 36, indicating oversold conditions, the fast_k is at 50 and the slow_k is at 31, suggesting a potential bullish momentum. The slow_d is at 26, which may signal a continuation of the bullish trend. Overall, with a high confidence level of 1.0, it's looking like a good time to invest in Bitcoin. However, it's always important to keep an eye on market trends and adjust your strategy accordingly. Happy trading! 💰💻📈
BINANCE:BTCUSDLong
by ChatGPT_Bitcoin_Forecaster
Amplitude: 2021 IPO Comeback Kid $AMPL $COIN $SNOWDoesn't look like there are many buyers for $AMPL, a peer of $COIN $SNOW 2020-2021 IPO cohorts, though business results look promising in the long-term. I'd say anything above $10 is a good entry for this as a long-term tech stock that can outperform in future cycles. Amplitude Inc (NASDAQ:AMPL) The 8 analysts offering 12-month price forecasts for Amplitude Inc have a median target of $17.50, with a high estimate of 20.00 and a low estimate of 15.00 . The median estimate represents a +32.28% increase from the last price of 13.23. In the chart above, I have 3 bullish scenarios. All 3 are negated if the price drops below $10 As of now, it looks like there's still a lot of post-IPO sell pressure and aside from price defense at $10 late this year, not much new insti investor interest. "We're so early!" - Famous Last Words
NASDAQ:AMPLLong
by Sticky9000
1
OMG what happened to Aussie.Analysts at MUFG Bank, point out that hard landing fears and a hawkish Swiss National Bank (SNB) favor further Swiss franc outperformance. According to them, the Swissy should continue to benefit from the SNB’s desire to dampen upside inflation risks both through faster rate hikes and tolerating a stronger currency. “The CHF has been the top performing G10 currency so far this month as it has strengthened sharply against both the EUR (+2.2%) and USD (+1.5%). It has regained upward momentum against our equally-weighted basket of other G10 currencies after a period of consolidation at higher levels between July and August. The CHF’s renewed upward has once again coincided with an abrupt hawkish repricing of SNB rate hike expectations similar to in June.” “Market participants are increasingly confident that the SNB will continue to play catch up with major central banks and deliver a larger 100bps hike in the week ahead (Thurs) to combat upside inflation risks. There are currently 86bps of hikes priced in. The SNB has also become more tolerant of currency strength since their last policy meeting in June as it provides another channel to help dampen upside inflation risks.” “The CHF appears well positioned to extend its recent advance especially against other high beta G10 currencies.”
Short
by xavierNF
5