GOLD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are now examining the GOLD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 2,789.654 level.
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Buy
GBP/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP/JPY is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 198.124 level.
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ETHUSDT: Strong Bullish Breakout with Target at $3,550ETHUSDT has recently shown impressive bullish momentum, breaking out of a prolonged descending channel. Currently trading around $3,171, Ethereum has surged past key resistance levels, signaling a potential continuation of its upward trajectory.
The breakout from the descending channel suggests a bullish reversal, with a likely target near the $3,550 mark (highlighted in the green area). This target aligns with the upper boundary of the channel and represents a major resistance level.
Technical indicators and moving averages support this bullish outlook, as Ethereum gains strength above its moving averages. Traders looking for long positions may consider buying on any minor pullbacks toward $3,000, aiming for a target of $3,550.
Gold Prices Today: Sharp Drop at Market OpenOn the morning of November 11, gold prices opened at $2,674 per ounce, down approximately $10 from the previous week's close. This sharp decline followed the recent election, sparking a wave of investor sell-offs and raising concerns about the future direction of the precious metal.
The decline may persist for about six weeks, but medium- to long-term demand is expected to rise. Many central banks are continuing to diversify their assets with gold to reduce dependence on the US dollar. Additionally, the Federal Reserve and other central banks may maintain accommodative monetary policies to support slowing economies, potentially creating favorable conditions for gold prices to rebound in the future.
EUR/USD: Euro Struggles Amid UncertaintyThe EUR/USD pair continued its decline for a second consecutive session, trading around 1.0720 during Monday's Asian trading hours. The pair was pressured by a stronger U.S. dollar and political uncertainty in Germany.
If Trump's fiscal policies are implemented, they could boost investment, spending, and labor demand, raising inflation risks. This might lead the Fed to adopt more restrictive monetary policies, strengthening the dollar and further pressuring EUR/USD.
Currently trading near 1.07, the pair could decline further if the Fed continues to tighten monetary policy. However, technical indicators hint at a potential mild recovery.
The near-term outlook for EUR/USD depends on signals from the Fed and ECB interest rates. While the ECB maintains its accommodative monetary policy, strong regional data or any Fed policy shifts could support a short-term rebound in EUR/USD, despite ongoing market volatility.
ARTYFACT WILL KEEP GROWING|LONG|
✅ARTY/USDT is a great coin to watch
As we are entering the Altcoin season
Again as it has proven itself already
By making over 80% in a recent bullish
Move up.
And we are expecting more gains
Due to the big players entering coin
On the rumors that ARTY will be
Available for use in Epic Games,
XBOX and PlayStation stores.
Which will certainly give the coin
A great boost with the nest
Two likely targets being 1.000
And 1.4000 levels respectively
LONG🚀
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Saved by support and bulls are still strongSmall flash drop; dont look too bad just a small retrace
From 3170 should be able to break above 3250
I be expecting for ethereum to hit 4000 first since now at 3000; eyes on 4000 then 5000.
Since bitcoin hit over $80K that means Ethereum could hit $10K this year; for trading view if you place margin $50 to hit $10K then your profit will hit over $10K , margin 102$ thats about over $20K profit. I still stick ether two margin if i were you on TradeLocker.
Lets get rich together ! Be sure to use proper risk management
XAUUSD 10/11/24XAU Followed our newly established selling buyer last week, a clear shift to the downside. Of course, this was helped by the US election and the results. We now have the same scenario and the same bias in place. We have one area of supply that has already been tapped into. We have 2 liquid highs that are situated at that area of supply and then a higher point of supply which is untapped. Now ultimately we aim for the low as always a pullback is not necessary, but this is gold. So there is a scenario that all these points for selling will fail and we will then aim for the all time high. Our current bias is bearish if this changes during the week and we will update everybody. if it does not we will continue to sell this down to lower pricing before institute becomes interested once again.
Follow your plan and stick to your risk!
EURUSD 10/11/24Last week’s shift in the EU bias changed our view from short to long. However, as we always say, high-impact fundamentals can move the market, sometimes in line with our bias and sometimes against it. In the case of the U.S. election, the result pushed prices lower. This happened because the USD gained significant strength when the new president was elected.
Now, we're back to our more favorable sell bias. With the recent shift lower, the higher timeframe aligns with this bias again, allowing us to target last week’s lows. We have several points to watch for a bearish shift: the supply area in the middle of our current range and the two highs at the top of the range from Friday’s 4:00 AM move. If these highs are taken, we expect price to sell off and continue down to our target lows.
There's a possibility of price moving up to the major high we’ve marked, but this is unlikely given our bearish bias. If this happens, we’ll still aim for the target low. A pullback would give us an even better position to sell into that low. As it stands, we have a relatively large fundamental range, so price may fluctuate within this range for some time.
Follow your plan and stick to your risk!
ETH Eyes $3,000: Bullish Breakout Signals More Gains AheadBINANCE:ETHUSDT has recently broken out of a descending channel, surging above the 2,900 USDT level. This breakout suggests a strong bullish momentum, with the price now targeting higher resistance levels.
The next key area to watch is the support zone around 2,800 USDT (highlighted in purple). If ETH pulls back and successfully retests this zone, it could confirm the breakout and set the stage for another upward move, possibly toward the 3,000 USDT mark or higher.
This setup indicates a bullish outlook for ETH, with the support level at 2,800 USDT acting as a potential entry point for traders looking to capitalize on the next leg up.
BTCUSDT Trading Strategy TodayBTCUSD is trading around 75,838 USD, showing strong upward momentum with potential for further gains. The chart highlights two critical support zones: Support 1 around 74,000 USD and Support 2 near 72,400 USD.
If BTCUSD experiences a pullback, these support levels could act as launching points for another upward move. Holding above Support 1 would strengthen the bullish outlook, targeting the resistance around 76,700 USD and potentially higher.
BTCUSDT: Key Support Zone for Potential ReboundBTCUSDT recently surged, reaching around 76,350 USDT, but now shows signs of a potential pullback. The chart indicates that a retracement could occur towards the support zone around 73,400 USDT (highlighted in blue).
If BTC holds above this support level, it could create a strong foundation for another upward push, potentially leading to a continuation of the bullish trend. Traders should watch for price action around this support zone, as a bounce from here may signal a resumption of the uptrend.
US100 Is Bullish! Buy!
Take a look at our analysis for US100.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 21,117.7.
The above observations make me that the market will inevitably achieve 21,285.0 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USOIL BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
USOIL pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 3H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 72.46 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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Shopify: Commerce SuccessShopify continues to dominate the e-commerce platform space, making significant strides in expanding its ecosystem for businesses of all sizes. As the company integrates more deeply into social media and international markets, Shopify is well-positioned to benefit from both consumer demand and business needs for seamless online selling. This strong presence in the global e-commerce sector makes Shopify a compelling investment for those looking to capitalize on the continued shift to online retail. NYSE:SHOP
Financial Performance
Revenue Growth: Shopify reported revenue of $2.05 billion for Q2 2024, representing a 20.7% year-over-year increase. The company’s annual revenue is on track to exceed $7.76 billion in 2024, up 23.18% from the previous year. This strong growth has been driven by the expansion of its merchant solutions and Shopify Payments
Earnings Beat: Despite macroeconomic headwinds, Shopify has maintained its profitability, with earnings coming in stronger than expected for several quarters. Analysts have upgraded the stock, citing its ability to continue growing in a competitive space
Cash Flow: Shopify’s cash flow has remained robust, driven by its diversified revenue streams, including subscription solutions and payment services, allowing it to reinvest in international expansion and new technologies.
Strategic Expansion & Innovations
Social E-Commerce & Partnerships: Shopify has expanded its integration with social media platforms like YouTube, allowing more merchants to embed shopping experiences into video content. This positions Shopify to capture more sales in a fast-growing segment of e-commerce
Cloud Infrastructure: The company continues to invest in improving its cloud-based infrastructure, allowing it to scale efficiently as more merchants come onboard. Its Shopify Plus platform, designed for larger enterprises, has seen significant growth.
International Expansion: Shopify has continued its aggressive expansion into international markets, particularly in Europe and Asia, increasing its merchant base and revenue potential globally.
Technical Analysis
Stock Performance: Shopify’s stock has rebounded strongly from its lows earlier in the year, trading at $78.68 as of September 2024. This represents a 4.6% increase from the previous week. With a price target now upgraded to $99 by some analysts, there’s potential for a continued upward trend
Valuation: Shopify’s price-to-sales (P/S) ratio is around 13.04, which, while high, is justified by its strong revenue growth and market-leading position. This suggests that investors are paying a premium for its potential to continue expanding rapidly
Fundamental Perspective
Shopify is one of the most compelling plays in e-commerce and SaaS. While it doesn’t currently pay a dividend, its high growth rate, strong financial performance, and strategic innovations make it an attractive investment for those looking for exposure to digital commerce.
Upcoming Earnings Dates
Q3 2024 Earnings: Expected November 2, 2024
Q4 2024 Earnings: Expected February 5, 2025
Shopify’s continued focus on social commerce and international growth makes it a strong buy for long-term investors, particularly those looking to ride the wave of e-commerce expansion globally.
$78.68 NYSE:SHOP
XAUUSD H1Gold was able to restore positivity to its trading during the weekend, and accordingly we are looking forward to buying from the 2775 levels. We are only waiting for a price action signal before entering.
First target is to break the resistance level at 2708.
Second target: 2725.
Third target: 2800.
Stop is to close the hourly candle below the 2660 levels.
BABA Alibaba Options Ahead of EarningsIf you haven`t bought BABA before the major breakout:
Now analyzing the options chain and the chart patterns of BABA Alibaba prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $3.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ASTS AST SpaceMobile Options Ahead of EarningsIf you haven`t bought ASTS before the major breakout:
Now analyzing the options chain and the chart patterns of ASTS AST SpaceMobile prior to the earnings report this week,
I would consider purchasing the 25usd strike price Calls with
an expiration date of 2025-5-16,
for a premium of approximately $6.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
JD Options Ahead of EarningsIf you haven`t bought JD before the major breakout:
Now analyzing the options chain and the chart patterns of JD prior to the earnings report this week,
I would consider purchasing the 40usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $2.81.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
HIVE Digital Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of HIVE Digital Technologies prior to the earnings report this week,
I would consider purchasing the 5usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $0.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.