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Fundamental-analysis

BTC at crucial support - will uptrend continue ? BTC has always dictated how the market as a whole in the crypto space behaves and there is fear and indecision regarding the price of BTC, We can see that price has fallen to a crucial support level and despite being healthy movement we need to maintain the 64 K level to continue the Higher Lows and Higher Highs that upward market momentum requires. I will be looking at this area for the day and trying to decide if and where to enter the market, This may be the spot to go long and aim high, which is secretly my bias, I do enjoy a higher high and a higher low. I will be trying to gain some confirmation on taking up a position at this level and will be adding to this idea as the day(s) go by and there is relevant info to catalog
CRYPTO:BTCUSDLong
by dasBoot
Fundamental Market Analysis for June 21, 2024 EURUSDThe US Dollar (USD) remains resilient early Friday after rising against major rivals on Thursday. Later in the day, S&P Global will release preliminary reports on manufacturing and services PMIs for Germany, the UK, the eurozone and the US for June. Ahead of the weekend, market participants will also keep a close eye on May US existing home sales data and May Canadian retail sales data. EUR/USD returned to familiar technical levels on Thursday, falling towards 1.0700 after a miss in US economic data supported the dollar. Germany's Producer Price Index (PPI) fell to 0.0% month-on-month in May, down from the previous reading of 0.2% and missing the expected rise to 0.3%. On an annualized basis, the PPI was also below expectations, falling to -2.2% for the year ending in May. While the annualized figure improved from the previous reading of -3.3%, it still fell short of the projected recovery to -2.0%. The latest US initial jobless claims data came in above expectations: 238,000 people applied for unemployment benefits in the week ended June 14, up from the previous week's revised figure of 243,000. The increase also pushed the four-week average to 242,750 from the previous 227,250. The Philadelphia Fed's manufacturing sector business activity index for June fell to 1.3 from 4.5, falling short of the expected 5.0. In addition, U.S. housing starts in May fell to 1.277 million new units, down from the forecast of 1.37 million and the previous month's revised figure of 1.352 million. Trading recommendation: Trade predominantly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Buy GBP/USD Wedge BreakoutThe GBP/USD pair on the H1 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2710 Target Levels: 1st Resistance – 1.2812 2nd Resistance – 1.2905 Stop-Loss: To manage risk, place a stop-loss order below 1.2650. This helps limit potential losses if the price falls back unexpectedly. Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud. Thank you.
Long
by KABHI_TA_TRADING
8
Economic Calendar: Top Market Events You Should Watch Out forMarkets tend to get especially volatile whenever there’s an economic report or some data dump that takes investors by surprise. That’s why we’re spinning up this Idea where we highlight all the major market-moving events you should watch out for when you do your trading. Today, we look at the Economic Calendar . 🏦 Central Bank Meetings and Announcements • Federal Reserve (Fed) Meetings The US Federal Reserve holds Federal Open Market Committee (FOMC) meetings roughly every six weeks,or ( eight times a year ), to talk about monetary policy, including interest rates. Setting interest rates is arguably the most significant event with long-lasting consequences for markets. Each of these meeting takes two days and wraps up with a speech by the gentleman who moves markets with a simple “Good afternoon” — Fed boss Jay Powell. • European Central Bank (ECB) Meetings Similar to the Fed, the ECB holds regular meetings to decide on monetary policy and borrowing costs for the Eurozone. ECB officials’ decisions sway financial markets, especially those based in the old continent. Indexes such as the Stoxx 600 Europe (ticker: SXXP ) and the European currency tend to fluctuate wildly during ECB events. • Bank of England (BoE) Meetings The BoE's Monetary Policy Committee (MPC) frequently meets to discuss and set interest rates and other monetary matters. Decisions made by BoE policymakers mainly affect the UK corner of the financial markets. That means elevated volatility in the British pound sterling and the broad-based UK index, the FTSE 100, among other UK-based trading instruments . • Bank of Japan (BoJ) Meetings The BoJ holds policy meetings to decide on interest rates and monetary stimulus, among other central-bank topics. Until recently, the Japanese central bank was the only one to sport a negative interest rate regime . 📝 Economic Data Releases • Nonfarm Payrolls In the US, the Bureau of Labor Statistics releases the Employment Situation Summary on the first Friday of every month. The data package includes the non-farm payroll print , which tracks how many new hires joined the workforce, the unemployment rate, and average hourly earnings. • Consumer Price Index (CPI) Monthly CPI measures the rate of inflation at the consumer level. The reading is closely monitored by the Fed in order to gauge the temperature of the economy. A reading too hot indicates an expanding economy, and vice versa. • Producer Price Index (PPI) Similar to CPI, PPI measures inflation at the wholesale level and can provide signals about inflation trends. • Gross Domestic Product (GDP) Quarterly GDP churns out a comprehensive measure of a country's economic activity and growth. • Retail Sales Monthly retail sales indicate consumer spending patterns, which are a critical component of economic activity. The data shows whether consumers pulled back from spending or splurged like there’s no tomorrow. • Purchasing Managers' Index (PMI) PMI reports for manufacturing and services sectors lay out insights into business activity and economic health. 🏢 Corporate Earnings Reports Publicly traded companies around the world release earnings reports every quarter. The hottest ones are America’s corporate giants, such as tech stocks , banking stocks , and more. The quarterly earnings figures include financial performance for the most recent three months and forward-looking guidance, which comprises earnings and revenue expectations. 🌐 Geopolitical Events Political developments, such as Presidential elections, and geopolitical tensions can have immediate and significant impacts on financial markets. These events are less predictable but are closely monitored by market participants and can quickly fuel volatility across asset classes, prompting investors to shuffle their portfolio holdings. Final Considerations Pay attention to these reports, events, and economic data and you’ll get to understand what moves markets. Anytime you witness a sharp reaction in gold ( XAU/USD ) or a quick reversal in the US dollar ( DXY ), it’s likely that the underlying factor is an economic report you didn’t know about. If you do track them — which one is your favorite market report or economic news release? Let us know in the comments below!
Education
by TradingView
3
Buy GBP/CAD Double BottomThe GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Double Bottom Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Double Bottom After Confirmation. Ideally, This Would Be Around 1.7433. Target Levels: 1st Resistance – 1.7520 2nd Resistance – 1.7573 Stop-Loss: To manage risk, place a stop-loss order below 1.7395. This helps limit potential losses if the price falls back unexpectedly. Thank you.
Long
by KABHI_TA_TRADING
9
Fundamental Market Analysis for June 18, 2024 GBPUSDThe Pound Sterling (GBP) is facing selling pressure in an attempt to extend its recovery above the round resistance level of 1.27000 against the US Dollar (USD) in Tuesday's London session. The Pound-Dollar pair is declining as the US Dollar recovers from a small correction from a six-week high. The U.S. Dollar Index (DXY), which tracks the value of the dollar against six major currencies, is holding above 105.00 as Federal Reserve (Fed) officials continue to speak in favor of cutting interest rates only once this year. Fed policymakers want to see a decline in inflation within a few months to gain confidence in lowering interest rates. They remain wary of reigniting price pressures from premature rate cuts, even though the disinflation process has resumed after stalling in the first quarter of this year. On Monday, Philadelphia Fed President Patrick Harker emphasized that rates will remain unchanged for now to keep downward pressure on inflation in various sectors such as housing and services, particularly auto insurance and repair. As for the interest rate outlook, Harker believes that benchmark rates will be cut once this year if his economic forecast comes true, Reuters reported. On the economic front, investors will focus on the monthly U.S. retail sales data for May, which will be released at 15:30 GMT+3. Retail sales data, a rough gauge of consumer spending and a gauge of the inflation outlook, is estimated to have increased 0.3% after being unchanged in April. Trading recommendation: Trade predominantly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
ZKUSDT: The Path to Millionaire StatusIn the world of cryptocurrencies, ZKUSDT stands out as a diamond in the rough. With its current price hovering around $1.11 and a staggering target of $3.87, this coin is poised for exponential growth. What sets ZKUSDT apart is not just its price potential, but its robust foundation and promising future. Despite being listed on exchanges like KuCoin, Gate.io, Bybit, and Crypto.com, ZKUSDT has yet to find its place on major platforms such as Binance and OKX. However, the fact that investment teams from these exchanges have already shown interest speaks volumes. The likelihood of ZKUSDT being listed on these giants is incredibly high, potentially catapulting its price to new heights. Technically speaking, ZKUSDT is currently in the accumulation phase on the price chart, indicating strong support and readiness for a significant upward move. The price targets illustrated on the chart underscore its immense potential. What's more, the ultimate price ceiling considered as the final target could be surpassed dramatically upon listing on major exchanges. This could turn early holders into millionaires overnight. ZKUSDT isn't just another cryptocurrency; it's a ticket to financial freedom for savvy investors. Stay tuned for what could be the most lucrative opportunity of the year. Market Mastery Media
Long
by rezamehrjuyan
1
Buy GBPAUD Triangle BreakoutThe GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.9250. Target Levels: 1st Resistance – 1.9333 2nd Resistance – 1.9380 Stop-Loss: To manage risk, place a stop-loss order below 1.9180. This helps limit potential losses if the price falls back unexpectedly. Thank you.
Long
by KABHI_TA_TRADING
1
Sell NZDJPY Wedge BreakoutThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry : Consider entering a short position around the current price of 96.70, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 96.17 2nd Support – 95.82 Stop-Loss: To manage risk, place a stop-loss order above 97.20. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
1
Swing Long: Double Bottom + Higher Low + Up-Trending ChannelTechnical factors: Double bottom formed with a higher Low on the second retracement, which was also accompanied by volume accumulation. Long-term upward trend (view weekly chart). Up-trending channel in the medium-term. Well-defined risk. Low-volume node (LVN) that provides for an early/aggressive breakout entry (likely today). Fundamental Factors: WASDE yield estimates for beans this season are running high by more than two bushels per acre.
CBOT:ZS1!Long
by porcupine80
Sell GBPCAD Channel BreakoutThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.7518, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.7464 2nd Support – 1.7430 Stop-Loss: To manage risk, place a stop-loss order above 1.7565. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
3
Canadian Dollar Historic Long(Futures) This is the CoT index of Commercials(Blue) and Retailers(Green). As you can see, Commercials are in the high extreme and Retailers are in low extreme of the index. The vertical blue lines are the past identical situations which ended up in big rallies. Plus, when the retailers net position(green area) is around -8000 (the dotted green line) resulted in rallies also. On top of that Commercials net positions(the blue area) is close to the all time high (since 2001). the last time Commercials net positions were this high was May 2017 which ended up in a BIG rally. Besides, the 15-year seasonality shows bottom of the market around the end of June and top of the market around the end of July. Keep in mind that this is the Canadian Dollar futures chart which is the inverted of USDCAD of Forex chart.
CME:6C1!Long
by XardasX
2
#HEG ltd Cup & handle pattern 20-30% upmove dega kya?HEG ltd cmp 1882, market cap 7264 cr, company is leading manufacturer and exporter of graphite electrodes. PE vs ROCE ratio is better as compared to another leading player graphite India. My concern is the fall in Operating margin trend. Holding% Dec'23 promoter 55.77( 59.62 Mar'21), FII 6.85(9.43 Mar'21), DII 8.85(7.41 Mar'21). Infact some new mutual fund players entered in feb'24 also so Mar'24 DII numbers should be up. Technically the chart is making cup n handle kind of pattern on weekly time frame and breakout above 1931 can bring fast movement. Upside levels can be 1)2335 2) 2470 3) 2575 4) 2763(imp level) 5) 3108. Once 2763 is crossed I will bring sl of remaining qty at 2470 and try to ride the trend till 3661/4557.
NSE:HEGLong
by ssudhirsharma11
3
Crowdstrike pushing towards all time highs!Crowdstrike has been in a strong upward trend since the beginning of 2023. Pullbacks were generally short-lived, and the trend accelerated early this year. CRWD reached its ATH in March, surpassing the 300 mark it reached in 2021. A significant consolidation occurred after that, but it seems like the bulls have garnered sufficient strength to test 360 again, after failing to breach the level 2 weeks ago, and maybe push the stock to new highs. The stock's 7% jump after beating the Q1 earnings estimate proved to be a perfect launchpad for this, CRWD is now trading above the 50, 100 & 200 SMA again. Should the 360 mark be broken, traders can start looking up to the 400$ mark. Fundamentally speaking, the threat of novel cybersecurity attacks is unfortunately not going to go away. Black hats are developing smarter-than-ever malware. To the eyes of many, Crowdstrike's AI-boosted cloud-based cybersec solutions offer powerful counters to those threats, so it is probably unlikely that Crowdstrike will see a sharp drop in demand in the near future as companies and their IT-teams are still catching up. According to the IDC (International Data Corporation) GenAI (Generative AI) in the cybersecurity market is growing at a CAGR of 23.6% and projects that it will reach a $46.3 billion market value by 2027. Stay safe out there and trade responsibly!
NASDAQ:CRWDLong
by WHSelfInvest
Sell EURAUD Channel BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.6336, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.6282 2nd Support – 1.6242 Stop-Loss: To manage risk, place a stop-loss order above 1.6390. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
3
Gold : Buyers need weak data from USAFOREXCOM:XAUUSD 🌘Gold buyers trying with 2346 Support level which is in the past used as support and resistance level. 🟣Gold goes up past week because of GDP and Unemployment calims weak datas. 🔵The expectation todays JOLTs Job Openings from 8.488 decrease to 8.350 also JOLTs Job Quits 3.329 decrease to 3.200. 🟡Decrease more than forcast Job Openings could effect to Consumer Confidence and Wage growth and Disposable Income. 🟢By the way Investors should consider to Quit job data because downtrend in Quit job shows doubt in the labor market. ⚪Weaker conditions in the labor market may push FED to take less Hawkish stance on Intrest Rates. 🔶 Supoort levels: 2331 , 2321 💤Weak rsistance: 2339 🔷Resistance level: 2346
FOREXCOM:XAUUSD
by TheApolloo
Sell GBP/USD Beairsh FlagThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry : Consider entering a short position around the current price of 1.2710, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2665 2nd Support – 1.2640 Stop-Loss: To manage risk, place a stop-loss order above 1.2760. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
14
Sell XAUUSD Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2343, positioned close to the Top of Channel level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2320 2nd Support – 2311 Stop-Loss: To manage risk, place a stop-loss order above 2354. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
7