Get started

Fundamental Analysis

World gold was sold off and plummetedGold sold off and plunged to its lowest level in 3 weeks after the unexpectedly decisive victory of Republican US presidential candidate Donald Trump. The Federal Reserve's FOMC meeting appears to be overshadowed but also in the spotlight this week. The meeting began Wednesday morning and ended Thursday afternoon with a statement from the FOMC and a press conference from Fed Chairman Powell. Most people believe the Fed will cut its key interest rate by 0.25%. “While the market expects a 25 basis point rate cut, any sign of a pause or slowdown in cuts will put further pressure on gold, which is already sensitive to rising interest rates and a stronger dollar", “With a stronger dollar and rising yields, gold faces immediate downside risks, potentially extending towards the 50-day moving average at $2,636.66 an ounce if the Federal Reserve State signals more caution about future interest rate cuts.” This puts a lot of pressure on Gold and we can completely believe that gold will fall even deeper 🔥 XAUUSD BUY LIMIT 2649 - 2647🔥 ✅TP1: 2660 ✅TP2: 2670 ✅TP3: OPEN 🚫SL: 2638 🔥 XAUUSD SELL LIMIT 2676 - 2674🔥 ✅TP1: 2665 ✅TP2: 2655 ✅TP3: OPEN 🚫SL: 2685
OANDA:XAUUSD
by FalCol_TradingMaster
Will Silver Close at the High This Year?In September, we discussed the potential of silver forming a 'Cup & Handle' pattern, similar to what we observed with gold at the end of 2023. We saw how gold performed in 2024. If the Silver can settle at around here at the end of this year, establishing this formation, we should be able to see the rising trend of the Silver in 2025. In this tutorial, we will discuss why silver may close higher towards end of the year. Silver Futures & Options Ticker: SI Minimum fluctuation: 0.005 per troy ounce = $25.00 Micro Silver Futures Ticker: SIL Minimum fluctuation: 0.005 per troy ounce = $5.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:SI1!Long
by konhow
The Bull market ContinuesBull market is back in full swing with a strong upwards momentuem following the last couple of weeks, Volume has been accumulating within the 55-65k zones Any retracement Would lead us to 68-73k becoming Soft supports and the 55-65k zones becoming medium to hard Supports The Total depth of the buy orders are now looking alot more bullish as the continuation of the bullish market has Dissolved most some of the bearish sell zones, Playing for retracement can be tricky in scenarios of world events such as trump winning It would be high Risk to Short the market at the current state,for the next couple of week i would suggest holding.
BINANCE:BTCUSDLong
by Glo1235122
Fundamental Market Analysis for November 7, 2024 USDJPYEvent to pay attention to today: 21:00 EET. USD - FOMC Rate Decision USDJPY: The Japanese Yen (JPY) is experiencing difficulty in registering a notable recovery against its US counterpart and is currently trading at a level approaching its lowest point since 30 July. The Bank of Japan's (BoJ) limited ability to raise interest rates and the prevailing risk-on environment continue to undermine the safe-haven yen. Furthermore, the rise in US Treasury bond yields, driven by the return of Republican Donald Trump as the 47th President of the United States (US), has contributed to the downward pressure on the low-yielding yen. Meanwhile, the overnight decline prompted a verbal intervention from Japanese authorities, which may provide some support to the yen and help limit losses. The US dollar (USD) is currently trading just below the four-month high reached on Wednesday, amid optimism over growth and inflation. This could limit the Federal Reserve's (Fed) ability to cut interest rates. This could provide further encouragement for the USD/JPY pair ahead of the highly anticipated Federal Open Market Committee (FOMC) decision this Thursday. Trade recommendation: Trading mainly by Sell orders from the current price level.
Long
by Fresh-Forexcast2004
XAUUSD TRADED IDEAHi all There are two movements, buy and sell. If the price respects the trendline, it is likely that the price will continue to drop to TP 1. However, if there is a breakout at the trendline and it makes a new high, it is likely that the price will change direction to a buy and target an all-new time high of 2874 **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal** Thanks a lot for your support
FX:XAUUSDLong
by mytw0cents
Post-Election and FOMC Impact— EURUSDEURUSD Breakdown Analysis Date : November 7, 2024 Current Level : 1.0740 Forecasted Targets : 1.0800 (Resistance) and 1.0660 (Downside Target) --- Overview: EURUSD saw a significant drop yesterday, largely due to market reactions to the U.S. election uncertainty. Investors flocked to the dollar as a safe haven, strengthening it and putting EURUSD under downward pressure. The next focal point for the market is today’s FOMC decision, which could set the tone for the pair in the days ahead. --- Election Impact on EURUSD: The initial dip in EURUSD following the election highlights its sensitivity to U.S. political events. Market sentiment was cautious as investors digested updates, pushing the dollar up and sending EURUSD lower. This movement suggests continued dollar strength unless political clarity reduces the appeal of safe-haven assets. --- Focus on Today’s FOMC Decision: With the FOMC’s interest rate announcement imminent, we may see additional volatility. While rates are likely to remain unchanged, hawkish commentary or projections for future hikes could support further dollar gains, pushing EURUSD lower. Conversely, a dovish statement could trigger a dollar pullback, allowing EURUSD to approach the anticipated resistance level at 1.0800. --- Technical Analysis and Forecast: Currently trading at 1.0740, EURUSD is positioned near a key support zone. Short-term technical indicators point to potential resistance around 1.0800, which aligns with critical Fibonacci levels and a prior trendline. The pair may briefly reach this level before a likely reversal due to strengthening dollar fundamentals. Once EURUSD tests 1.0800, we anticipate a decline toward our downside target of 1.0660, a support level with historical significance. --- Conclusion: Today’s FOMC statement, paired with the ongoing effects of the U.S. election, positions EURUSD for a brief rally toward 1.0800, followed by a downturn targeting 1.0660. This range provides both resistance and support benchmarks, offering potential entry and exit points.
Short
by forexorbit
NIFTY 50 & BANKNIFTY Prediction: 07 November 2024Nifty shows the confirmation of a bullish piercing candle. Banknifty forms the like of a doji candle. It is on the trendline from where rejection may be possible. Nifty has big resistance at 24500 and 24800 and it didn't have any strong support nearby ATM. Banknifty has resistance at 52500 and 53000 and support at 52000. Option Chain: Nifty has resistance at 24500 around 100 Cr contracts exist. Even after yesterday's rally a large amount of contracts have been added in call side at 24500. Which shows bearishness in the market. Banknifty has some resistance at 52500 and 53000. The new fresh contract has also been added at this level. PCR: The overall PCR of Nifty is 0.85 and the nearby ATM is 0.59 --> Bearish view Banknifty overall PCR is 0.83 and nearby ATM is 0.73. --> Neutral OI Data: FII betting on a neutral market. Pro shorts calls of 4.75 L and shorts puts 3.6 L. Client shorts put 7.5 L and shorts call of 1.6 L. Future Data: FII sold 482 Cr future which shows a bearish view. FII Stock data: Even aftermarket shows a rally, FIIs still sell the future 4450 Cr future which shows that the market may go down. --> Bearish Trade: A bearish move may be possible and it may be continued.
NSE:BANKNIFTYShort
by mayankkumar8520
XAUUSD Hitting 44 year ResistanceGold is currently hitting a key resistance area that goes back to 1980 (44 year) trendline. Some time may be required to correct and absorb this recent bull move. However, I would not be selling out of it completely if that's what one wishes to do with this information. I prefer people read this chart as a good way to set their expectations in case Gold stalls for a while to prevent them from panicking out of this position. Longer term I remain bullish on gold. Especially with Trump the 6-time bankrupt "businessman" being the 47th
FX:XAUUSD
by RealMacro
2
Starting the next bull run (Grab your bowl - hopium incoming)1. The following is for entertainment purposes only. 2. Do not trade on this information. You will lose your money. 3. Yes I have positions and yes I am basing my decisions off of long term analysis like this *History doesn't repeat but it often rhymes* Two thoughts: 1. In February 2019, 5 months after the ichimoku long term and short term trend lines crossed in 2018 on the month scale, we started to see a relief rally in the bitcoin price It's now 5 months after the trend lines have crossed bearish again. Will we see a repeat? The ichimoku cloud seems to align with this. 2. 45 months after the 2017 peak we got the 2021 peak. If we create a trend line between those points and then project out another 45 months, we would see a peak of ~$123k. Conservative sure, but more realistic imo than all these million dollar projections.
COINBASE:BTCUSDLong
by dotnetrussell
5
11/6/24 - $crox - another perspective on $spxew comp- quick share - i love to compare on "pairs" as crypto has taught me: you don't care if your "alt" coin has gone up on it's USD pair (e.g. it's "$/altcoinprice) when it's BTC pair ($altcoinprice/BTC) is down. in other words, you took *more* risk vs. the pair, so you better have made a good return - so why do i make the above point? well... in stonks, nobody does this, really. look at any ticker in the nasdaq vs. its NASDAQ:QQQ pair. for instance. say you like NYSE:IBM (lol), how is $ibm/ NASDAQ:QQQ ? over time? it allows you to compare performance over time without cherry picking the timing. that's the beauty. back in the day we used to say "YTD" xyz ticker is doing better. or in the last 3 years, abc ticker is doing better. by dividing by the comparison ticker, we can make a comparison that ignores any time-picking bias. - back to $crox. - the reason i flag this chart is a. i love to compare vs. NASDAQ:QQQ , AMEX:SPY , INDEX:SPXEW (equal weight S&P) among others (including stonks vs. BINANCE:BTCUSDT )!!... and b. ***this is such an interesting chart***... the TA (technical analysis) is pretty cray cray for those who like to draw lines. the support/ resistance. it's quite beautiful. triple tops. it's all so... well. what do you think? bot some NASDAQ:CROX today. it's a small position. and i mean small 50 bps. i'd like it lower. but the tariff fake-news-headlines are back baby. NYSE:ELF , NYSE:YETI (let's see tmr AM) and $crox. that's my tariff portfolio for today. tomorrow could change. have a good night, my friend. flag anything that's interesting (esp if you disagree) pls! V
NASDAQ:CROXLong
by VROCKSTAR
Mid To long term projection of the SPYGiven Donald Trump's recent victory, the market has felt an optimistic boost. This excitement, could be enough to overcome the current economical warnings that have been prevalent in the previous months. It's impossible to know if these excitements will be enough to send the market into a new and strong rally into overextended territories, or if the market will continue to complain about unaffordable housing, and sustenance. The future is always an unknown variable, however random variables do tend to follow their own distributions to a certain degree. It is always possible for exceptions to occur which prompt price action to get excited at already expensive prices. However, it is intelligent to always take a degree of caution when purchasing expensive securities which are still increasing in price. In these scenarios I suggest waiting for price corrections before purchasing and purchase in small amounts as price decreases to be able to purchase more at lower prices aka cost average. Given Trumps popularity, it's possible that people will become optimistic about the near future, however Trump still has a lot of rivals, which will stop at nothing to fulfill their agenda. The president will be faces with many new challenges these coming 4 years. I wish him the best of luck as he writes history once more. May God bless the future of America, its allies and it people. It's time to see the world change once more.
AMEX:SPY
by DarkMessiah777
Buy GBP/JPY Triangle BreakoutThe GBP/JPY 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 197.44 Target Levels: 1st Resistance – 199.20 2nd Resistance – 200.20 Stop-Loss: To manage risk, place a stop-loss order below Support Zone. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_FOREX_TRADING
10
Market Outlook: Nifty 50 - Navigating Geopolitical TensionsCurrent Technical Analysis: As of the latest market open, the Nifty 50 index has started at 24,320, and we are expecting a potential downward correction to the 24,220 level. If this initial support level holds, we could see a retracement to higher levels. However, should the market fail to reverse from this point, there is a risk of further downside pressure, which may push the index below 24,000. The critical resistance for the Nifty lies near the 24,500 zone. A break above this level could pave the way for a potential rally towards the 25,000 mark. The market's reaction to these key levels will be crucial in determining the next medium-term direction. Key Technical Levels: Support: 24,220 (Short-term support) Immediate Resistance: 24,500 Key Resistance for Bullish Momentum: 25,000 Bearish Target if Downtrend Resumes: Below 24,000 Geopolitical Factors: Global geopolitical tensions, particularly in Eastern Europe and the Middle East, have the potential to impact risk sentiment in emerging markets like India. Rising energy prices, supply chain disruptions, and investor risk-off sentiment could continue to put downward pressure on equities. In the Indian context, ongoing political developments, especially regarding the Maharashtra state elections, could also add volatility to the local market. Any surprises or shifts in state-level governance could have a ripple effect on investor confidence, potentially influencing market sentiment in the short term. Indian State Elections (Maharashtra): Electoral Outcomes: The Maharashtra state elections will be a key event, with results likely to influence market sentiment, particularly in the political and economic outlook. If the ruling party maintains control, the market could react positively due to continuity in policies. However, a shift in power could lead to uncertainty, especially in policy decisions around state-level economic initiatives, infrastructure spending, and governance. Investor Sentiment: Political stability is a significant driver for local markets, and any uncertainty could dampen investor confidence in the short term, particularly in sectors like real estate, construction, and infrastructure, which are sensitive to regional political outcomes. Fed Rate Cut Policy: The Federal Reserve's stance on interest rates will continue to be a pivotal factor in global equity markets. If the Fed proceeds with further rate cuts, it may create a risk-on environment globally, which could spill over into emerging markets, including India. A rate cut would reduce the cost of borrowing, encouraging investment flows into equities, potentially providing a cushion for the Indian market. However, inflationary concerns and economic slowdown risks in major economies could complicate the Fed's rate policy. Any signs of economic weakness in the U.S. could lead to reduced investor confidence globally, putting pressure on equity markets. Inflation and Global Growth Concerns: U.S. Inflation: Despite the potential for rate cuts, inflation in the U.S. remains a key risk. If inflation proves more persistent than anticipated, the Fed may pause its rate cuts or even increase rates again, which could dampen global risk sentiment. China's Economic Slowdown: Additionally, China's ongoing economic challenges, including slowdown in industrial growth and real estate sector issues, could have a spillover effect on global markets, particularly in Asia. Outlook for Indian Markets: Short-term Bearish View: If the Nifty fails to hold above 24,220 and shows further weakness, the index may test the psychological level of 24,000. In this scenario, investors may prefer defensive sectors like consumer staples, pharma, and IT to weather potential volatility. Bullish Reversal Scenario: If the Nifty breaks above the 24,500 mark, there is potential for the index to reach towards 25,000, driven by positive sentiment from global policy action (e.g., a Fed rate cut). Indian sectors such as banking, automobile, and capital goods could outperform in such a scenario. Conclusion: The current market is at a crossroads, with key technical levels to watch for direction. Geopolitical uncertainties, particularly in the context of the Maharashtra elections, and global economic policy shifts (like a potential Fed rate cut) will significantly influence sentiment in the coming weeks. As always, investors should remain cautious and monitor both the local and global macroeconomic landscape closely. ------galeleo bull.......
NSE:NIFTY
by privatesparrowbs
Nasdaq and S&P500 before the electionHello, traders! I mostly post cryptos here but I also trade indices so I wanted to share my ideas. Markets are showing steady and calm movements as the election approaches and I think now might be a good time to watch over the indices. I often check the indices because I trade them regularly - my idea behind the trades is simple. "It will rise if it gets too low." Of course I wouldn't do the same for cryptos but I feel much more confident with the indices. Looking at my charts, I noticed the indices are now pretty close to my entry points which are bottom (support) lines of the regression channel and the pitchfork. With the election and possible rate cut ahead this week, there's a great possibility the markets will move upwards - even regardless of the result. This is due to the excitement for the new government. I'll keep watching.
NASDAQ:IXICLong
by QJEEE