EURUSD Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0498
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0482
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Eurusd-3
META 529 AFTER EARNINGS ? REASONS WHY !!
AI Integration and Advancements: Meta has been prioritizing the integration of artificial intelligence across its applications, which has played a crucial role in the company’s rally2. The market has responded positively to Meta’s efforts in developing and monetizing AI applications, leading to a boost in the stock price.
2. Digital Advertising Market Recovery: The digital advertising market has seen a rebound, which has directly benefited Meta’s core revenue stream. As one of the leaders in digital advertising, Meta’s financial performance has improved with the market’s recovery.
3. Operational Cost Reduction: Meta has implemented several rounds of layoffs, reducing its operating costs significantly. This move has improved the company’s profitability and margins, making it more attractive to investors.
4. Strategic Shifts: Meta has made strategic shifts, such as scaling back its investments in the metaverse, which were initially met with skepticism. This change in strategy has improved investor confidence and contributed to the stock’s growth.
5. Market Conditions: The overall market conditions, including interest rates and economic policies, have also played a role in Meta’s stock performance. A favorable environment for tech stocks has helped propel Meta’s stock to new heights.
Robinhood TP 23- 33 After earnings ? Reasons Why !!
In Q4 2023, Robinhood’s net revenues increased by 24% year-over-year to $471 million.
This growth was driven by higher net interest, transaction-based, and other revenues1.
The company reported net income of $30 million, a significant improvement from the net loss of $166 million in Q4 20221.
Adjusted EBITDA rose to $133 million, a 62% increase year-over-year1.
Customer Growth and Assets Under Custody (AUC):
Funded Customers increased by 420 thousand year-over-year to 23.4 million1.
AUC surged by 65% year-over-year to $102.6 billion1.
Market Expectations and Confidence
Robinhood’s ability to turn a profit in Q4, coupled with its record annual revenues, suggests that its strategic initiatives are paying off. The company’s innovative features and strong financial performance have instilled confidence in investors.
Remember that stock prices often respond to earnings reports. If the market believes a company is performing well, stock prices tend to go up. Conversely, if confidence wanes, stock prices may decline2.
Keep an eye on Robinhood’s upcoming earnings report on Wednesday, May 8th, 20243. It will provide further insights into the company’s performance and may impact its stock price.
$RIVN 15 DOLLARS AFTER EARNINGS ? NASDAQ:RIVN 15 DOLLARS AFTER EARNINGS ?
Rivian Automotive has confirmed that its next quarterly earnings report will be published on Tuesday, May 7th, 20241.
The earnings conference call is scheduled for 5:00 PM Eastern on the same day1.
Stock Price Movement:
As of now, Rivian’s stock price stands at $9.21 per share1.
The stock has been volatile, and investors are closely watching its performance.
Market Expectations
While Rivian has faced challenges, including supply chain disruptions and production delays, the market remains optimistic about its long-term prospects. The company’s plans to expand its fast-charging network and its innovative electric truck and SUV models have garnered attention.
Keep an eye on Rivian’s stock price after the earnings report. If the company delivers positive surprises, we might see movement toward your mentioned target of $15 per share. However, stock prices are influenced by various factors, so it’s essential to stay informed.
SPX 5500 BY 2025 ? REASONS WHY !!!
Optimistic Market Forecasts: Analysts and strategists, such as those from Deutsche Bank and Infrastructure Capital Advisors CEO, have made bullish predictions for the S&P 500. Deutsche Bank's forecast for the S&P 500 to reach 5,100 in 2024, and Infrastructure Capital Advisors CEO Jay Hatfield anticipates the S&P to reach as high as 5,500 points by the end of 2024.
These forecasts indicate a strong belief in the market's potential to continue its upward trend.
Strong Earnings and Valuations: The trailing 12-month P/E ratio for the S&P 500 of 25.7 is above the 5-year and 10-year averages. This suggests that investors are willing to pay a premium for stocks, which could be a positive sign for further market growth.
Historical Performance: The S&P 500 has already hit 23 new records in 2024 and has been performing above average historical years. This indicates strong market momentum and investor confidence.
Cumulative Weight of Top Stocks: The cumulative weight of the top 5 stocks in the S&P 500 has hit a 50-year high. This indicates that the market's performance is being significantly influenced by the performance of a small number of large-cap companies, which could potentially drive the index higher if these companies continue to perform well.
Market Resilience and Recovery: The market has shown resilience and recovery from the economic downturn, with the S&P 500 already up by 9.6% this year, which is above the average year since 1950. This resilience could be a sign of continued growth throughout the year.
Positive Outlook from Analysts: Analysts like CFRA Chief Investment Strategist Sam Stovall predict that the S&P 500 will hit 5,400 by year-end and 5,610 within the next 12 months, indicating a positive outlook for the market's performance.
Potential Rate Cuts: The expectation of rate cuts by the European Central Bank could provide a boost to the global economy and the U.S. markets, including the S&P 500.
Positive Market Sentiment: The overall market sentiment seems to be positive, with a bullish outlook on the S&P 500 from various analysts and strategists. This positive sentiment could drive further investment and growth in the market.
Technology Sector Performance: The technology sector has been a leading performer, soaring 50%, indicating strong growth in this sector, which could help drive the S&P 500 higher.
Economic Data Surprises: The U.S. economy has been showing positive surprises in economic data throughout 2023, suggesting that the economy is stronger than expected, which could support the market's growth.
SPX 4800 LONG SANTA RALLY UNTIL 2024 Key Factors to Consider:
Economic Indicators: Monitor key economic indicators such as GDP growth, employment data, and inflation. Positive economic data may support the upward movement of the S&P 500, while negative indicators could lead to volatility.
Interest Rates: Changes in interest rates can impact the cost of borrowing and influence investor behavior. Keep an eye on central bank announcements and monetary policy changes.
Corporate Earnings: Earnings season can significantly affect the S&P 500. Track corporate earnings reports for insights into the health of individual companies and the overall market.
Geopolitical Events: Geopolitical developments, such as trade tensions or political instability, can impact market sentiment. Stay informed about global events that could affect the S&P 500.
SELL SPX FROM 4100 OR 4000 AND TP ON 3800 AND WAIT Patience !! Time to Sell or Wait to 4100 anyways Going back to 3800 TP and wait for second confirmation Going back to 3200 !!!
stay Profitable
do not add to losers
add to winners
do not over leverage
do not open many positions
only trade what you know
dot get sentimental with trades . close it if did not work !!!
HAVE A GOOD WEEKEND !!!
SEE YOU GUYS ON PROFIT FRIDAYS !!!
Forex Traders Await the Fed's DecisionForex Traders Await the Fed's Decision
The Federal Reserve is set to announce its interest rate decision today at 21:00 GMT+2, with Fed Chair Jerome Powell holding a press conference 30 minutes later. According to Forex Factory, the market expects a rate cut to 4.25%-4.50% from the current 4.50%-4.75%.
Analysts at Apollo Global Management, in their Economic Outlook, predict:
→ In 2025, the Fed will continue lowering rates but at a slower pace than the market anticipates;
→ By the end of 2025, the rate is expected to settle at 4.0%.
In anticipation of today's decision, the currency markets are experiencing a period of calm.
The technical analysis of the EUR/USD chart shows that the pair consolidates between the upper boundary of a descending channel and the lower black support line, forming a narrowing triangle pattern (highlighted in purple).
Today's Fed meeting could trigger a surge in volatility, potentially driving sharp movements in USD pairs. For EUR/USD, opposite scenarios are possible:
→ An upward movement with a bullish breakout of the upper boundary of the long-term descending channel;
→ Continuation of the downtrend with a breakout below the lower black support line.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
EURO - Price can continue to decline inside falling channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price broke $1.0560 level and fell to support line, after which rose to resistance line and continued to fall.
Then price made a gap and fell to support level, after which some time traded near and then made upward impulse.
Price broke resistance line with resistance level, and rose to $1.0630 points, but then it started to fall.
In falling channel, price broke $1.0560 level again and fell to support area, after which bounced up, making a fake breakout.
Next, Euro started to grow and now it continues to move up, therefore I think it can almost reach resistance line.
After this, price can turn around and start to fall to $1.0470 support level inside falling channel.
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EURO - Price can bounce up from support level to $1.0650Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price declined inside falling channel, where it fell from resistance line to $1.0765 level.
Then price rose to resistance line of channel, making first gap and then making a downward impulse, exiting from channel.
Also then, EUR continued to decline inside a downward pennant, where it broke $1.0765 level and later fell to $1.0470 level.
Next, price declined to support line of pennant, after which made a second gap and rose to resistance line of pennant,
After this, Euro declined to $1.0470 level and some time traded near, but now it trades close support line.
Possible, price can fall to support level, exiting from pennant and then bounce up to $1.0650
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Bearish drop?The Fiber (EUR/USD) has reacted off the pivot and could drop to the pullback support.
Pivot: 1.0531
1st Support: 1.0452
1st Resistance: 1.0598
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NZDUSD H1 Short At Market TP +100 pips🔸Hello traders, let's review the H1 chart for NZDUSD today. Price
contained withing sliding bear channel previously rejected multiple
times from overhead resistance.
🔸Currently expecting price to clear S/R and complete the
break of structure pattern near 5820 then dump to 5750 / 5700.
🔸Previously rejected from overhead resistance, sequence of lower
highs in progress and expecting yet another rejection into double top
and also re-action with the bear channel.
🔸Recommended strategy for NZDUSD traders: short at market now, SL 40 pips TP1 +60 pips TP2 +100 pips final exit at 5750. good luck traders!
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