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Fundamental Analysis

USD/CAD Analysis: Potential Retracement on Supply Area ContactThe USD/CAD has recently moved into a key supply area, prompting a watchful stance for a potential retracement. According to the latest Commitment of Traders (COT) report, there’s a clear divergence between retail and institutional sentiment: while retail traders remain bullish on USD/CAD, institutional investors, or "smart money," have started building bearish positions, indicating a possible shift in momentum. Seasonal Forecast and Technical View Seasonal analysis suggests an increased probability of bullish price action in USD/CAD, but given our current position in a supply area, the focus is on a corrective retracement rather than a sustained reversal. This is especially relevant for short-term traders looking to capitalize on minor pullbacks. From a technical perspective, USD/CAD’s proximity to supply suggests a temporary exhaustion of the recent uptrend, allowing for a pullback within a controlled risk-reward framework. A tight stop loss is recommended here to protect against potential reversals should bullish seasonal tendencies overpower short-term retracement forces. Trading Strategy With a setup offering a strong risk-to-reward ratio, traders might consider a short position on USD/CAD with a focus on the retracement rather than a deep decline. Monitoring economic releases and potential changes in institutional positioning will be essential in determining whether the supply area holds, as well as to gauge the sustainability of any bearish retracement. ✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
8
Will Trump win?🔍 Technical Analysis of STRUMP/USDT 📉 Key price levels marked in green 🟢 and red 🔴 show potential "Winner" and "Loser" zones: 1️⃣ Winner Zones (Resistance) Break above 0.007312 could drive price higher 🚀 Stronger resistance at 0.010810 to confirm uptrend 🔼 Higher targets at 0.017108 and 0.025640 📈 2️⃣ Loser Zones (Support) First support at 0.004441; a fall below signals potential downtrend 🚨 Further support at 0.003255 and 0.002162 🛑 📉 Channel & Trend Lines: Price is moving within a descending channel ➡️ Breakout from this could indicate a reversal 🔄 Trading Strategy: 📈 If price enters green zones and breaks resistances, consider buying positions. 📉 If price drops into red zones and fails to hold support, selling or avoiding buys might be wise.
by ahmadarz
FinNifty Support and Resistance Levels For 6th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #FinNifty, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
NSE:FINNIFTY1!Long
by Prabhu2020
Nifty Support and Resistance Levels For 6th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Nifty, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
NSE:NIFTYLong
by Prabhu2020
Sensex Support and Resistance Levels for 6th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Sensex, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
NSE:FINNIFTY1!Long
by Prabhu2020
BankNiftySupport and Resistance Levels for 6th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #banknifty, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
NSE:BANKNIFTYLong
by Prabhu2020
Impact of U.S. Elections on BTC Futures and Key Market ScenariosMacro: US Elections : On Tuesday 5th November, 2024, Americans go to the polls to decide on the next President of the United States for a 4-year term. The winner will take office in January 2025. This will be an important outcome for the U.S. economy, broader markets, the crypto futures market, and world economy, as the U.S. Dollar holds the reserve currency status. Donald Trump currently leads by a thin margin in most swing states whereas his Democratic opponent Kamala Harris has been narrowing the gap in recent weeks. Source: Newsquawk Depending on the results, there are few scenarios that may play out and impact financial markets. Republican Sweep: Markets will price tighter monetary policy and loose fiscal policy boosting USD. Gold will pare losses along with commodities and goods subject to tariffs. Trump has also come out with crypto-friendly messages, boosting BTC futures and other virtual currencies/assets. Treasuries will be seen falling with a steeper yield curve as noted by some banks. Democratic Sweep: Markets will price more room for monetary policy and FED to cut rates as inflationary forces ease and fiscal policy is tightened under Democrats. This further boosts Gold prices. In my opinion, commodities and equities will show somewhat muted reactions while growth prospects also stay muted. However, equities will be seen higher. Views among different banks vary on growth and the U.S. stock market with a democratic sweep. Bitcoin futures and other virtual currencies may further consolidate or pare some losses as further clarity is required from U.S. lawmakers. Bonds will rise with yields falling as FED will have more room to cut rates with tighter fiscal policy. For the above 2 scenarios, recessionary risks are reduced in my opinion as a Red sweep provides fiscal boost while a Blue sweep provides room to cut rates with tighter fiscal policy. In addition, as witnessed during Covid-19 shock, there was a quick economic recovery in countries that had room to provide handouts to the public to spur spending. This new mechanism of fiscal and monetary policy combination points towards reduced recessionary risks and even when recession hits, a quick recovery prospect. But how many times can this be done until it loses its effects? A divided congress in either case will see mostly muted reaction in my opinion. Newswires and investment banks have research regarding these scenarios as they require considering many different policies, geopolitical issues, impact on the U.S. economy. I believe recessionary risks will increase for the next four years with a divided house/senate and no clear majority. FED Interest Decision : Federal Reserves meets for another FOMC meeting to decide on interest rates path. The CME Fedwatch tool shows market participants pricing 25 bps of rate cut. However, the inflation outlook is very much dependent on the fiscal policy stance taken by the next U.S. government which will feed into FED’s inflation models and forecasts. For the first half of 2025, FED meetings on interest rate decisions and inflationary economic releases will be key to watch. Having briefly discussed this, BTC futures can take few possible paths. CME BTC futures are equivalent to 5 BTC when checking out contract specs. Risk exposure can be reduced by trading CME MBT Micro Bitcoin futures, 1/10th the size of one bitcoin, and CME BFF, Bitcoin Friday futures , sized at 1/50 of a bitcoin, Bitcoin Friday futures is a short-dated contract that provides an accessible, capital-efficient way to manage your bitcoin trading strategies. Big Picture for BTC Futures: *past performance is not indicative of future results Key Levels to Watch: Yearly Hi: 78,960 Yearly VAH: 74,485 Bull support zone: 68,000 to 65,500 Yearly Mid: 61,495 Scenario 1 : Price has broken out of the bull flag pattern, held above yearly VPOC. Here we may see continuation higher with new All time highs. Red Sweep scenario. FED stays conservative due to change in their inflation models keeping tighter monetary policy which points to further consolidation before another move higher by end of first quarter of 2025. Scenario 2 : Further choppy price action building acceptance above 60,000 for push in either direction. In this scenario further clarity on the new U.S. government stance on crypto is needed before committing further. Disclaimer: The views expressed are personal opinions and should not be interpreted as financial advice. NFA does not have regulatory oversight authority over underlying or spot virtual currency products. Derivatives involve a substantial risk of loss and are not suitable for all investors.
CME:BTC1!
by EdgeClear
EURUSD price increaseThe reactions of the euro against the dollar have been excellent, the US, with its strengthening, caused a one-month drop in other currencies such as the euro, but this increase will only last until the announcement of the election results, and will ultimately cause the dollar to fall and the price of other currencies to rise, in the analysis The return of the euro price has been determined and I had announced the fall of the dollar in previous analyzes Sasha Charkhchian
Long
by sashacharkhchian
Trade Recaps: EURUSD - SHORT, GBPJPY - SHORT, 05/11/2024EU Bias Analysis: Although Price is deeply discounted on the HTF's and the 4H has started trending higher, A shift of 1H structure from a 4H Bearish Order Block presented an opportunity for short positions as price corrected into IRL. Grade: High Risk GJ Bias Analysis: Price is trading at a weekly premium and is establishing a 4H bearish trend after a break to the downside and correction higher, pending a continuation lower. Short entries aligned with the current 1H bearish range and entry confirmation was received after a TBL sweep and 15M distribution lower. Grade: Low Risk
Short
by The_Modern_Day_Trader
11/5/24 - $uber - What's not to like, buying <$75 11/5/24 :: VROCKSTAR :: NYSE:UBER What's not to like, buying <$75 - cash heavy portfolio looking for some high quality "into-year-end" plays where i can leverage the book with calls in order to keep a. cash heavy for real dips and b. where i think there will be a lot to do, so i want to remain nimble - NYSE:UBER seems to check a lot of boxes. sales growth mid teens with fairly high visibility, "check". platform that doesn't have much competition "check". expanding margins "check". valuation reasonable at low 20s PE (so PEG is ~1.2-1.3x ish) "check". just beat earnings "check". - name seems to have a perma-bid for good reasons. i'm getting busy with the jan 17 2025 65C's which offer me some healthy 6x leverage. - plan is monetize 1/3 of the stake if DJT results in a further squeeze tmr... figure out what to do with the rest. but i think we'll be at 100 by next year. so i'm genuinely eyeing the jan 2027s and ironically hoping for a dip where i can get busy with bigger size and longer duration. what do u think? V
NYSE:UBERLong
by VROCKSTAR
#ENJ (SPOT) entry range( 0.1390- 0.1690) T.(0.3380) SL(0.1272)BINANCE:ENJUSDT entry range ( 0.1390- 0.1690) Target1 (0.2599) - Target2 (0.3380) 1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. SL .1D close below (0.1272) *** collect the coin slowly in the entry range *** *** No FOMO - No Rush , it is a long journey *** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #CLV #RIF ENJ ****
Long
by Crypto_alphabit
2
#JOE (SPOT) entry range(0.3000 - 0.3830) T.(0.7420) SL(0.2809)BINANCE:JOEUSDT entry range (0.3000 - 0.3830) Target1 (0.7420) 1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. SL .1D close below (0.2809) 1:3 Trade *** collect the coin slowly in the entry range *** *** this coin is very heavy, it may take long time to achieve the target*** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE ****
Long
by Crypto_alphabit
#RENDE(SPOT) entry range( 4.45- 5.45) T.(10.299) SL(4.439)BINANCE:RENDERUSDT entry range ( 4.45- 5.45) Target (10.299) SL .1D close below (4.439) *** collect the coin slowly in the entry range *** *** No FOMO - No Rush , it is a long journey *** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER ****
Long
by Crypto_alphabit
#IMX (SPOT) entry range(1.150- 1.400) T.((2.119) SL(1.104)BINANCE:IMXUSDT entry range (1.150- 1.400) Target (2.119) 1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. SL .1D close below (1.104) *** collect the coin slowly in the entry range *** *** No FOMO - No Rush , it is a long journey *** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX ****
Long
by Crypto_alphabit
6
US ELECTION DAY The day is finally here. The world is watching but most importantly the crypto market is watching too. Trump still leads the Polymarket forecast and IMO opinion that would lead into the next phase of the Bullrun, breaking out of the 8 month downtrend and complete the bullflag continuation pattern. If the Democrats win I could see a delay in proceedings, a flush toward the range midpoint after panic before regaining some form of stability going into Q1 2025. In the past no matter who has run America BTC does still see progress, I do think that progress will come quicker with a Republican victory. I'm expecting volatility as always in such a big news release, a release that will overshadow what is normally the most important data release with the FOMC that takes place 2 days away. I would think that this time around it will be less important and a 25bps cut is near enough confirmed anyway. Good luck out there fellow traders!
CRYPTOCAP:TOTAL
by ProR35
#BURGER (SPOT) entry range (0.3720- 0.3920) T.(0.549) SL(0.3676)BINANCE:BURGERUSDT entry range ( 0.3720- 0.3920) Target1 (0.4330) - Target2 (0.549) 1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. SL .4H close below (0.3676) Golden Advices. ********************** * collect the coin slowly in the entry range. * Please calculate your losses before the entry. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey. Useful Tags. ********************** My total posts ( www.tradingview.com ) 1Million Journey ( www.tradingview.com ) ( www.tradingview.com ) ********************************************************************************************************************** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT # IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BURGER .
Long
by Crypto_alphabit