Get started

Indicators

AAPL Apple Options Ahead of Earnings If you haven`t sold the Double Top on AAPL: or reentered here: Then analyzing the options chain and the chart patterns of AAPL Apple prior to the earnings report this week, I would consider purchasing the 172.5usd strike price Calls with an expiration date of 2023-11-17, for a premium of approximately $5.35. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:AAPLLong
by TopgOptions
1
UBER Technologies Options Ahead of EarningsIf you haven`t sold UBER here: or bought the dip here: Then analyzing the options chain and the chart patterns of UBER Technologies prior to the earnings report this week, I would consider purchasing the 50usd strike price Calls with an expiration date of 2023-12-15, for a premium of approximately $1.84. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:UBERLong
by TopgOptions
1
Rising Support HOLD or BREAK?! - EGHere I have EUR/GBP on the 4 Hr Chart which has been CLEARLY using this Rising Support as a means to continue higher! With the First Test on Aug. 23rd, there have been 4 more tests on the Rising Support with the 4th and 5th tests failing to keep Prices Higher than the High created after the 3rd Test! Not to mention the time taken between bounce 4 and 5 is much less than bounces given from 1st-3rd. The 200 EMA has started to dip under the supposed Rising Support and is in position for Price to test the Rising Support again! This leads me to believe EUR may be weakening so my bias on this pair is BEARISH! -BUT- What will the 6th bounce provide?! HOLD or BREAK?! Fundamentally This Week: EUR - Financial Stability Review (Wed), French, German & Flash PMI (Thur), Retail Sales (Fri) GBP - Autumn Forecast (Wed), Flash PMI (Thur)
Short
by Novi_Fibonacci
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t sold DIS before the previous earnings: Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week, I would consider purchasing the 85usd strike price Calls with an expiration date of 2023-11-17, for a premium of approximately $3.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:DISLong
by TopgOptions
Xau/Usd (Gold)Hello traders! The xau/usd (gold) pair is in a triangle pattern. In my opinion, there are two scenarios. Scenario number 1: The pair should test the level of 1975.00 and then take a buy move at the level of 1992.0 and continue a buy move towards the level of 2009.33. Scenario number 2: The pair should test the level of 1975.00 and then take a buy move at the level 1992.0 without breaking the line to go to the level of 1941.00. Wait to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
FX:XAUUSD
by THP-Forex-Academy
2
5 Technical Indicators for Smart TradingNavigating the intricate world of trading requires a keen understanding of technical indicators. These powerful tools serve as guiding stars, illuminating market trends and potential entry or exit points. Today, we unravel 5 top technical indicators that stand as pillars in the realm of trading. Whether you're a beginner seeking foundational knowledge or an experienced trader aiming to refine your strategy, consider these indicators to enhance your analysis. 1. Moving Averages: Riding the Waves of Market Trends Moving Averages (MA) are foundational tools in technical analysis, smoothing out price data to identify trends over specific periods. Simple Moving Averages (SMA) provide straightforward trend indications, while Exponential Moving Averages (EMA) offer more weight to recent prices, making them highly responsive to market shifts. Traders often use crossovers between different MAs to pinpoint entry and exit points and utilize different lengths on different time frames. One common way traders use MA’s is to identify the overall trend using one or two moving averages. 2. Relative Strength Index (RSI): Gauging Overbought and Oversold Conditions RSI measures the speed and change of price movements. It oscillates between zero and 100, traditionally using levels of 70 for overbought and 30 for oversold. Traders interpret divergences between RSI and price movements, seeking potential reversal points. Additionally, hidden divergences, where RSI disagrees with the underlying trend, are valuable for trend continuation strategies. 3. Bollinger Bands: Embracing Volatility for Profitable Trades Bollinger Bands consist of a middle line being an MA (often 20 period) and two outer bands representing standard deviations from the middle band. Volatility increases the distance between the bands, offering a visual representation of market volatility. When the price touches the upper band, it signals potential overbought conditions, while touching the lower band indicates potential oversold conditions. Traders also observe "band squeezes" as precursors to significant price movements. 4. Moving Average Convergence Divergence (MACD): Capturing Trend Changes The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that highlights the relationship between two Moving Averages (MAs). The MACD line represents the difference between a short-term EMA (often 12 periods) and a long-term EMA (typically 26 periods). The signal line, usually a 9-period EMA of the MACD line, acts as a trigger for buy and sell signals. Traders observe MACD crossovers, where the MACD line crosses the signal line, as potential entry points. Additionally, MACD histogram bars visualize the distance between the MACD and its signal line, offering insights into the strength and direction of a trend. By understanding these components, traders gain a nuanced understanding of potential trend changes and momentum shifts. 5. Average Directional Index (ADX): Measuring Trend Strength The Average Directional Index (ADX) is a trend strength indicator that quantifies the strength of a market trend without specifying its direction. Typically, an ADX above 25 indicates a strong trend, while below 20 suggests a weak trend. Traders use ADX crossovers and divergences with the price chart to distinguish between trending and ranging market conditions. A rising ADX suggests a strengthening trend, while a falling ADX may indicate a weakening trend strength. Combining ADX with other technical indicators enhances a trader's ability to identify robust trends and potential reversals, providing a more comprehensive view of market dynamics. Wrapping Up: This article scratches the surface of the indicators listed, there are whole books written on some of them. We have gone more in-depth with most of these indicators in our previous articles. We have linked those articles below if you would like to learn more about any of these foundational indicators. Remember, while these indicators provide valuable data, combining them with a robust risk management strategy, other indicators for confirmation, and a deep understanding of market fundamentals ensures a holistic approach to successful trading. Happy Trading!
NASDAQ:AMZNEducation
by LeafAlgo
ETH Ethereum and the Altcoin Season ThesisThe recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including ETH Ethereum, for which my price target is $2130. Looking forward to read your opinion about it!
Long
by TopgOptions
AVAX Avalanche Buy AreaLooking at the chart, in my opinion, the buy area for AVAX between $7.20 and $10.40 presents a great potential entry opportunity for long term investors. This range provides a relatively wide margin for investors to consider entering a position in AVAX. AVAX, the native token of the Avalanche blockchain platform, has shown promising growth and adoption in recent times. The lower end of the buy area, around $7.20, could be seen as a more attractive entry point for those seeking a potentially lower risk position. On the other hand, the upper end of the range, around $10.40, may offer a higher potential reward for investors willing to take on more risk. Looking forward to read your opinion about it!
Long
by TopgOptions
SOL Solana and the Altcoin Season Thesis The recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including SOL Solana, for which my price target is $30.70. Looking forward to read your opinion about it!
Long
by TopgOptions
NVAX Novavax Options Ahead of EarningsIf you haven`t bought NVAX during the Covid Pandemic: Then analyzing the options chain and the chart patterns of NVAX Novavax prior to the earnings report this week, I would consider purchasing the 7.50usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $0.87. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:NVAXLong
by TopgOptions
4
Gold Prices Navigate Uncertainty Dollar Rates and GeopoliticsGold prices, represented as XAU/USD, started the new week on a weaker note, extending the decline that began on Friday from the $2,004 level, which marked a multi-day high. This initial rise was in response to softer jobs data from the United States (US). A slight increase in US Treasury bond yields helped alleviate some of the bearish pressure on the US Dollar (USD) and had an impact on the precious metal. Additionally, a generally positive tone in the equity markets pushed the safe-haven commodity below the $1,985 level during the Asian trading session. However, it's important to note that there are growing expectations that the Federal Reserve (Fed) will keep things unchanged in December and may not raise interest rates any further, which could limit the upside potential for the USD. This, in turn, might offer some support to gold, which is considered a non-yielding asset. Moreover, the ongoing risk of an escalation in the Israel-Hamas conflict is another factor that may prevent a significant decline in XAU/USD. Therefore, it might be wise to wait for strong sustained selling pressure before considering a substantial correction from the year-to-date peak reached on October 27. The US Dollar is making a modest recovery from a six-week low it hit on Friday, thanks to a decent increase in US Treasury bond yields. This, in turn, is contributing to the downward pressure on gold. However, the prevailing market sentiment is that the Federal Reserve won't raise rates again, especially given the softer US macroeconomic data released on Friday. For instance, the non-farm payroll (NFP) report showed that the US added 150,000 jobs in October, falling short of the estimated 180,000 and revised down from the originally reported 336,000 for the previous month. The US ISM Non-Manufacturing PMI also dropped to a five-month low of 51.8 in October, reinforcing expectations that the Fed will maintain its current stance at the December policy meeting. On the geopolitical front, there's ongoing tension in the Israel-Hamas conflict, with Israel rejecting calls for a ceasefire and intensifying military operations against Hamas in Gaza. This situation continues to influence the dynamics of gold prices. From a technical perspective, any further decline in gold prices may find support around the $1,980 level, followed by the previous week's high near $1,970. If there's a continued downward trend, the price of gold may face additional pressure, potentially dropping towards the $1,964 area, with the next significant support in the $1,954-1,953 range. Conversely, if gold prices rebound, the $2,000 mark could serve as an immediate resistance level, followed by the Friday swing high around $2,004, and the year-to-date peak near $2,009. If gold manages to break through this resistance, it could potentially head towards the $2,022 resistance zone.
TVC:GOLDLong
by sabellaFX
Gold Price Stays Below 2000 Amid Dollar Rate Hike UncertaintyGold price experienced significant volatility on Wednesday as they initially moved closer to the $2,000 threshold ahead of the Federal Reserve's policy announcements. This surge was accompanied by the US Dollar's hesitant recovery, coupled with subdued US Treasury bond yields and a mixed market sentiment. However, there was a reversal in gold prices as they briefly dipped to around $1,970 immediately following the Fed's widely anticipated decision to keep the key policy rate within the existing range of 5.25%-5.50%. The pivotal moment came during Fed Chair Jerome Powell's press conference and his responses to questions. Powell's comments had a substantial impact, causing a sharp decline in the US Dollar and US Treasury bond yields and triggering a strong recovery in the price of gold. While Powell did not entirely rule out the possibility of another interest rate hike, the markets interpreted his words as less hawkish than expected. He acknowledged factors like tighter financial conditions, a robust job market, a resilient economy, and elevated inflation levels. The drop in US Treasury bond yields was also influenced by a quarterly Treasury announcement, indicating a slowdown in the expansion of its longer-dated auctions. The increase in 10-year Treasury bond auctions was $2 billion, falling short of the market's $3 billion expectations. This led to a decline of over 20 basis points (bps) in the benchmark 10-year Treasury bond yield, which reached its lowest point in over two weeks at 4.7089%. Furthermore, the US Dollar faced headwinds due to mixed economic data. The US ADP private sector payrolls for October showed an increase of 113,000, below the estimated 130,000. The US ISM Manufacturing Purchasing Managers' Index (PMI) for October dropped to 46.7, falling short of the expected 49.0. Additionally, the Job Openings and Labor Turnover Summary (JOLTS) report revealed that the number of job openings on the last business day of September slightly rose to 9.55 million, up from a revised 9.50 million in August and surpassing the forecast of 9.25 million. As for Thursday's trading, the price of gold is building upon its previous recovery. Investors are carefully considering the future path of interest rates set by the Federal Reserve, with expectations for rate hikes in December and January being scaled back. Some market participants are even beginning to price in the possibility of Fed rate cuts as early as June next year. The ongoing global stock market rally led by the Fed's policies is expected to continue weighing on the safe-haven US Dollar. This trend persists as traders shift their focus away from events such as the Hamas-Israel conflict in anticipation of Friday's release of US Nonfarm Payrolls data. In addition to these factors, gold traders are also keeping a close eye on the monetary policy decision of the Bank of England (BoE), scheduled for later in the day. The key interest rate is expected to remain unchanged at 5.25% for the second consecutive meeting. A dovish stance from the BoE is likely to boost stocks further while exerting downward pressure on the Pound Sterling, which, in turn, could alleviate some of the stress on the US Dollar. Nevertheless, the price of gold continues to hold upside potential, supported by its daily technical setup.
OANDA:XAUUSDShort
by sabellaFX
1