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USDCAD - CPI news today : Potential drop coming!US Dollar (USD) strengthens against Canadian Dollar (CAD) to 1.35, mainly due to: Surprise inflation jump in US: January's Producer Price Index (PPI) rose more than expected, suggesting higher inflation. This makes investors think the US Federal Reserve (Fed) might not cut interest rates as soon as they thought. Canadian inflation data coming up: Tuesday's Consumer Price Index (CPI) report is expected to show slightly lower inflation, but it's still a key event. Oil price could help Canada: Rising oil prices could support the CAD, limiting how much the USD can gain. Canada is a big oil exporter, so its currency is sensitive to oil prices. Things to watch this week: Tuesday (today): Canada's CPI report. If inflation is lower than expected, the CAD could weaken. Wednesday: Release of the Fed's meeting minutes and speeches from Fed officials. These could provide clues about future interest rate decisions. Key points: The USD/CAD pair is trading above 1.35 due to a stronger USD and upcoming inflation data in both countries. The Fed might delay interest rate cuts due to higher US inflation. Canadian inflation is expected to be slightly lower, but oil prices could impact the CAD.
Short
by financialflagship
GOLDIAM - Could be a gold mine in the Mid Term :-)An Investment pick, for target of 372,50% + ROI, after the all time high of 272 is taken off. The stock is strong in all higher time frames. Showing Fibonacci 61% retracement in Monthly, moving strong to take off the Swing High at 272. Volumes and Price action confirmation in weekly. One may accumulate in dips till 164 levels. Stock structure becomes weak only on weekly closing less than 164. One may consider entry based on risk management.
NSE:GOLDIAMLong
by Rugminik
Dishtv , paisa double pick?Dishtv on a verge of breakout on a monthly timeframe at a good stage offering a good risk reward ratio Only for risky traders and not for a investor Risky traders can buy for 2x For a cautious and a low risk low risk investor here is the detail thread Buy range 20 to 25 Sl at 15 Tgt 35 50 80 Buy qty for low risk investor Buy qty 400 shares Investment amount 10,000 Sl at 15 Risk : 4,000 Potential gain as per tgt 4000, 10,000 & 10k + Ask your financial advisor before buying only for educational purposes
NSE:DISHTVLong
by Ak_is_enough
1
EUR/USD Daily Chart Analysis For Week of Feb 16, 2024Technical Analysis and Outlook: The Eurodollar experienced a decline during this week's trading session. It crossed our Mean Support level of 1.074 and Inner Currency level of 0.075 before quickly bouncing back to the Mean Resistance level of 1.079. Currently, the currency is in a primary downward trend and is expected to continue until it reaches the Inner Currency Dip of 1.065 via Mean Sup 1.071. However, an intermediate price trading at Mean Res 1.079 may cause a potential extension to 1.084.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 16, 2024Technical Analysis and Outlook: The chart analysis on February 9th shows how powerful the Trade Selector System is to this Trading View platform. Bitcoin has completed the second phase of the reignited rebound extension phase, also known as the "Outer Coin Rally 53000". Currently, this analysis shows the downside price action is in pivotal squeeze mode; it is expected to rebound and retest Mean Res 52500. Moreover, completing the Outer Coin Rally 53000 from this spot is imminent.
BITSTAMP:BTCUSD
by TradeSelecter
EURUSD - Pullback Before an Up MoveThe Euro lost some ground against the Dollar this week again . This happened after the Dollar had been somewhat weakening last week. Why is that? Data from the US showed people spent less money than expected last month. This surprised markets and made the Dollar seem less risky. There are also upcoming data* from the US that could be good for the Dollar. Investors are waiting to see this data before making big bets on the Euro. A European Central Bank official hinted at a possible interest rate cut later this year . This could weaken the Euro in the long run. Here are some other things to know: The Dollar is still stronger than it was a few weeks ago. The US Federal Reserve may not cut interest rates as soon as some people thought. The European economy is growing slowly, but inflation is falling. *Data: the Producer Price Index (PPI) and the Michigan Consumer Sentiment Index.
Long
by financialflagship
INDRAPRASTHA MEDICAL CORP - A good reversal bet for 15% ROI.The stock has given a fantastic rally , yearly breakout of 22 years in 2023. The stock has been taking strong support at 165 levels since 4 months. Now it shows reversal from 165 levels. Confirmed by price action - RSI. Entry - 194. Targets - 204, 208, 216,225. It would be great to trail the profits once 225 is taken off. To note : Quarterly results are good. Also DIIs have started purchasing the stock since last 2 quarters, new addition. FIIs have marginally increased stake.
NSE:INDRAMEDCOLong
by Rugminik
Navigating Crypto Investments: The dynamic and Complex space Welcome to the coffeeshop everyone, this is your host and Baristo, and you are joining me with this podcast called "Off The Charts" where I try to break down the crypto space to you in this coffeeshop so you can have some guidance in navigating the blockchain and the ever-changing space. When Bitcoin (BTC) first emerged, skepticism abounded. Fast forward, and those early investors are now reaping the rewards of their foresight. Today, the crypto market boasts thousands of digital currencies, including Ethereum, Cardano, Tether, Solana, and Stellar, among others. Embarking on Your Crypto Journey Picture yourself at our cozy coffeeshop, surrounded by friends, sipping your favorite brew. Suddenly, the talk shifts to cryptocurrency. There's a mix of curiosity and confusion in the air. Fear not, for we're about to unravel the mysteries of crypto right here, right now. 1 - Choose the Right Crypto Exchange Platform Before diving into the crypto waters, you need a reliable exchange platform. Don't rush this decision. Look for simplicity, a wide selection of coins, low fees, direct fiat-to-crypto conversion, security features, educational content, and top-notch customer support. Think of it as selecting the perfect blend of coffee beans for your morning brew—quality matters. 2 - Understand What Makes a Good Investment Not all crypto is created equal. A good investment offers unique utility, a strong community, a reputable development team, a solid whitepaper, and a clear roadmap. Remember, it's not just about the price; consider trade volume, past performance, and corporate partnerships. Just like crafting the perfect latte, it's about finding the right balance of flavors. 3 - Diversify Your Portfolio Variety is the spice of life—and of crypto portfolios. Spread your investments across different coins to minimize risk and maximize returns. Start with a mix of established and emerging cryptocurrencies, adjusting the ratio based on your risk tolerance. Think of it as selecting a variety of pastries to accompany your coffee—each adds its own flavor to the experience. 4 - Know When to Exit and Take Profits Timing is everything in crypto. Set clear goals and limits for each trade, and stick to them. Don't let emotions cloud your judgment. Consider selling in increments to secure profits along the way. It's like knowing when to leave the coffeeshop—you want to go home before you've had too much caffeine. 5 - Be Prepared for Volatility Crypto markets are notorious for their wild swings. Brace yourself for the ups and downs. For short-term traders, adapt your strategies to rapid price movements. Set stop-loss orders and avoid impulsive trades. For long-term investors, stay focused on your goals amidst market fluctuations. Think of it as riding the caffeine high—enjoy the rush, but stay steady. 6 - Plan for the Long Term In the crypto world, patience pays off. Focus on projects with solid fundamentals and long-term potential. Avoid chasing quick gains and invest in sustainable growth. It's like savoring a slow-brewed coffee—good things come to those who wait. 7 - Prioritize Cybersecurity Protect your investments like you protect your personal information. Choose exchanges with robust security features, including 2-factor verification and cold storage. Stay vigilant against scams and phishing attempts. Think of it as locking your valuables in a safe—better safe than sorry. So, there you have it—your guide to navigating the crypto seas from your favorite coffeeshop. With the right knowledge and tools, you can set sail with confidence, ready to explore the exciting world of cryptocurrency.
by CoffeeshopCrypto
Volkswagen: Assessing Momentum and Potential Opportunities Title: Volkswagen: Assessing Momentum and Potential Opportunities Analysis: Hello Traders, Volkswagen presents an intriguing opportunity as we assess its current momentum and potential for further gains. XETR:VOW3 Volume and Momentum Analysis: Volume trends suggest increasing market activity and growing confidence in Volkswagen 's price movement. This surge in volume aligns well with the ongoing upward momentum, indicating a potential continuation of the uptrend. Technical Analysis: The price action favours upward movement, with Volkswagen exhibiting strength in its bullish trend. Technical indicators support the notion of further gains, providing a positive outlook for traders. Conclusion: Given the supportive volume and technical signals, traders may find opportunities to capitalize on the upward momentum in Volkswagen . However, it's essential to remain vigilant and implement risk management strategies to navigate potential market fluctuations. Don't Forget to Engage: Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you found this idea insightful! Your engagement contributes to the community's knowledge and helps broaden the reach of valuable insights. Trading based on this analysis carries inherent risks. Conduct your own research and consult with a financial advisor before making any investment decisions. Happy trading!
XETR:VOWLong
by MarxBabu
S&P 500 Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook: The S&P 500 index has reached and surpassed our Inner Index Rally 4980, and we expect it to continue to rise in the upcoming week. Our projection is that it will fill the five-handle gap to reach an Outer Index Rally 5035 and then continue to Inner Index Rally 5072. However, we anticipate potential pullbacks in the market at this level. Notwithstanding, if there is a down move or gap-down before reaching the 5035 price, the Mean Sup 4985 will be the primary target. It is essential to monitor the price action carefully in the first three days of the upcoming week's session to make informed trading entry decisions.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook: The Eurodollar traded lower in this week's trading session by completing our Inner Currency Dip of 1.075 and settling in a tight range, hovering above our Mean Sup 1.074 and under Mean Res 1.079. The Eurodollar is in a primary downward trend, which will continue until the support level marked at Mean Support of 1.074 and the Inner Currency Dip of 1.075 is broken. Once these levels are eliminated, the currency will continue to decline toward the next Inner Currency Dip of 1.065. However, an intermediate upward movement is possible, in which case the currency might retest the Mean Support level of 1.084.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook: Bitcoin has experienced a significant increase during this week's trading session, surpassing the predicted Inner Coin Rally of 44200. As a result, it has achieved our Outer Coin Rally projection of 47500. The next target for Bitcoin is to reach the Key Resistance level of 48700, followed by the Inner Coin Rally of 49500. The ultimate goal is to achieve the Outer Coin Rally of 53000. However, if there is a decline in the coin value, it may retest a Mean Support level of 46000 before continuing its upward trend.
BITSTAMP:BTCUSD
by TradeSelecter