EUR/USD 23.10.2023 Over a significant duration, the Euro has demonstrated a consistent bearish trajectory against major currencies. Several economic factors, ranging from sluggish growth in the Eurozone to political uncertainties, have weighed heavily on its value. Additionally, the monetary policies adopted by the European Central Bank (ECB), primarily aiming at stimulating the economy, have inadvertently applied downward pressure on the currency. While the precise duration and future outlook of this trend remain to be seen, it's evident that the Euro has been navigating choppy financial waters for an extended period. Investors and traders are keenly watching for signs of a potential reversal or continuation of this bearish phase.
Investing
Naga Dhunseri Mid Term Idea with an RR of 1:5, 50% + ROI1) The stock is poised for a multiyear breakout, it has formed an ascending triangle pattern in monthly timeframe indicating a strong up move once after the ATH is broken.
2) Candlesticks show extremely bullish price action. Inside bars in Monthly as well.
3) RSI in monthly and weekly are supportive, moving up after a small correction.
For a swing trade - One can enter at the demand 1 level if there is a reversal in hourly / 75 min time frame and look for Target 1 and Target 2 zones as targets. 10% up move.
For a mid term trade - One can look to enter at the same demand zone as swing, or once after the ATH is sold off at first and then at a further upside reversal, precisely after a dip and bounce back in Daily timeframe RSI as currently it is inching 90+. As per risk management.
For the Mid term,
SL can be at 1500. Targets at 3100.
Wish you all profits and happy trading!
A Glimpse Into the Future of AI Companies StocksInvesting in AI companies can be a wise decision, but like any investment, it is important to do your research and understand the potential risks and rewards. Companies such as UiPath, Intuitive Surgical, and Palantir Technologies have seen significant growth in recent years, but it is important to consider their market capitalization and share prices before investing.
UiPath, a software automation company, went public in April 2021 with an initial market capitalization of around $36 billion.
Intuitive Surgical, a company that produces surgical robots, has a market capitalization of over $93 billion.
Palantir Technologies, a data analytics company, went public in September 2020 with an initial market capitalization of around $22 billion.
It is also important to consider the rating of the shares and the security of the company before investing. For example, UiPath was rated as a buy by several analysts following its IPO, but investors should also consider the potential risks and competition in the market.
In terms of upcoming IPOs, there are several AI companies that are expected to go public in the near future, including UiPath's competitor Automation Anywhere, online education platform Coursera, Google’s company Waymo, and others.
As with any investment, it is important to do your own research and consult with a financial advisor before making any decisions. While the investment potential of these companies is undoubtedly significant, investors should be aware of the risks involved in investing in new and untested technologies. AI companies are subject to a variety of risks, including regulatory risk, intellectual property risk, and competition from other companies in the sector. As such, investors should carefully consider their investment options and consult with a financial advisor before making any investment decisions.
In terms of investment potential, it's important to note that investing in AI Companies can be risky, as with any new technology. However, for those willing to take the risk, the potential rewards could be substantial. The key is to do your research and choose companies that have a solid business plan and a proven track record of success. It's also important to keep an eye on the broader market trends and economic indicators, as these can have a significant impact on the success of any investment.
When it comes to security, AI technology is still in its early stages and there are certainly risks involved. However, companies that are dedicated to building secure AI systems and investing in the necessary security measures should be able to mitigate these risks to some extent. It's also important to note that as AI technology continues to evolve, so too will the security measures that are needed to protect it.
As AI technology becomes more advanced and more widely adopted, there will be a growing demand for companies that can provide innovative solutions in this space. This presents a significant opportunity for investors who are willing to take a long-term view and invest in companies that are dedicated to the ongoing development of AI technology.
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Risk Warning
Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses.
Risk Disclaimer!
General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss
Rating: Risky Buy with High Upwards Potential
Risk Disclaimer!
The article and the data is for general information use only, not advice!
S&P 500 Daily Chart Analysis For Week of Oct 20, 2023Technical Analysis and Outlook:
The Spooz index held staunchly by our completed rebound projection and Mean Res 4378 by tumbling down to Mean Sup 4224, eyeing a retest Inner Index Dip 4212 with an intermediate rebound target to Mean Res 4255. The index could extend to the next Inner Index Dip 4150 for the next week's trading.
EUR/USD Daily Chart Analysis For Week of Oct 20, 2023Technical Analysis and Outlook:
This week's trading saw the Eurodollar drawn to the Mean Res of 1.062, its main attraction. The intermediate price action may cause a pullback to Mean Sup 1.053 before resuming rebounding to Inner Currency Rally 1.070 with the completion of the pullback to follow.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 20, 2023Technical Analysis and Outlook:
This week, Bitcoin saw a surge in price, reaching Inner Coin Rally 29300 and Mean Res 29700. The next target is the Inner Coin Rally 30900 and a retest of the completed Outer Coin Rally 31700. However, it is essential to note that there may be some intermediate pullbacks along the way with the main target Mean Sup 29000.
$GOLD Index - Q3/2023 *3M (Quarterly)
Looking at TVC:GOLD on the 3M(Monthly) Tf(Time-frame)
from an investor perspective view of positioning;
(long-term investing on the yellow stone)
we can see it sitting at no men's land at the current price,
as well Changing Character and Breaking Market Structer (Lower Low) in price action ;
(Lows of Q2)
Despite its Bearish Price Action on *3M ,
States and Central Banks around the World have continued accumulating,
spreading wide their balance sheets in-to TVC:GOLD Reserves .
And so have done many another States,
including 2 out of three Global Superpowers of
China ECONOMICS:CNGRES and Russia ECONOMICS:RUGRES
CRUDE OIL PRICE ACTION I have marked the zone above which I am becoming bullish and expect testing at least POC of the same range and daily 89.30.
After filling the gap we got a strong reaction.
We are currently above 50 daily MA, above VAL and closing today we get a bullish divergence on the weekly RSI.
We are monitoring the price and if they show weakness, I do not rule out the possibility that there will not be a test of $80
USA has also begun to use its reserves, which are currently at a minimum.
DXY HOW I LOOK AT THIS CHART The last two analyzes that I will mark below showed that I was bearish below the weekly level. After that, a bullish divergence appeared and the shorts were manipulated.
Therefore, this zone was retested and if it is only 1 hour of the saint, we got a strong reaction. Zones that I watch, below the weekly level 106 - bearish, the last price for me.
Above closing if possible daily 106.7 for me the door is open for 108 and the deviation is not yet confirmed.
Below, see my predictions since the beginning of this manipulation
BITCOIN IDEA FOR LONG After rejection of 100 and 200 DMA for the second time, at the same time they were at the same price weekly and daily level at 27980.
The zone I marked is supported by a daily level, two weekly levels, a monthly level and a Fibonacci level of 0.618.
Above that zone we have the fibonacci level of 0.382, which is at the same price as the daily level, below the 0.5 fibonacci level, below which the 50DMA occurs.
Wait for the setup, if the price appears before this zone, try long.
MMTC - Long Term Investment Opportunity. Potential Multibagger. MMTC - Long Term Investment Opportunity. Potential Multibagger. Consolidated for 10+ years, Financials are improving, Reduced debt over years, improving free cash flaw & Cash and equivalents. Important levels - Stop loss and targets are shown on the chart.
#multibagger #investing #wealth #stocks #sharemarket.
S&P 500 Daily Chart Analysis For Week of Oct 13, 2023Technical Analysis and Outlook:
The Spooz index price exceeded our previous Mean Resistance point of 4336 and closed at the location of a notable event. The recent downward trend suggests that the Mean Support level of 4294 may be reached, with a possibility of extending to the Mean Support of 4228 or even the next Inner Index Dip at 4150. If the index finds support at 4294, it may move up to the newly established Mean Resistance at 4378.
EUR/USD Daily Chart Analysis For Week of Oct 13, 2023Technical Analysis and Outlook:
As our analysis of the EUR/USD daily chart for the week of October 6 indicated, the Eurodollar hit our mean resistance level of 1.062 a few times and is drifting lower toward the mean support level of 1.047. The price may rebound strongly from this zone of upcoming week price action.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 13, 2023Technical Analysis and Outlook:
This week, the coin remained within the Mean Resistance of 28000 and drifted down to a Mean Support of 26900. It is heading toward testing the next level of Mean Support, 26200, and could extend to the additional Mean Support level of 25100. However, in the meantime, the upside rebound to Mean Res 27400 is highly probable.
DXY NEW MACRO ANALYSISClosing of the day or week below or above this level will determine the DXY movement.
Before this jump in the last analysis, I wrote that divergences were formed and that dxy should now jump.
News along with divergences pushed the price.
If the price keeps this level, the expectation is 108, as was the plan all this time, but we will see what the price shows
DXY NEW WEEKLY LEVEL In the last analysis, we expected 108 final peak, but also below the level of 106,200 is bearish. With what we see now, we got a new weekly level and currently higher probabilities show that we are going into a correction.
Things to watch eurusd and spx primarily.
Closing above this level cancels this setup.
You can check below my opinion about DXY
Volatility Breakout Trading Explained"Welcome to a fascinating journey into the world of trading with the Volatility Breakout Strategy – a method that offers you a glimpse into the wisdom of legendary trader Larry Williams. In this comprehensive guide, we'll unravel the strategy's intricacies step by step, giving you the tools to incorporate it into your own trading style.
Disclaimer: Before we dive in, a word of caution. This is not financial advice. It's designed for educational and entertainment purposes only. Your investment decisions should always be made with due diligence, and you bear the responsibility for any profits or losses incurred. Trade and invest wisely.
The Volatility Breakout Strategy
This time-tested strategy, crafted by the legendary Larry Williams, centers around the idea that trends tend to persist. In other words, what goes up often continues its ascent. The beauty of this strategy lies in its simplicity:
Strategy Breakdown:
Range Calculation: Begin by calculating the range, which is the difference between the daily high and low prices (Range = High - Low).
Base Price: Determine the base price or entry price for the next day. It's calculated as the previous day's candle close plus a constant multiplier (K) times the range. Typically, K hovers around 0.6 to account for market noise.
Entry Signal: If the current day's price surpasses the calculated base price, it's your signal to enter a position.
Exit: The following day, sell all your positions at the market's open price.
Let's Illustrate with an Example:
Consider an asset with a daily range of $100. Calculating the base price gives us $1020. If the asset's price surpasses $1020 on the second day, you buy and ride the momentum. On the third day, you sell all positions at the market open. If the price reaches $1100 on the third day, that's a remarkable 7.84% return. Even if it retraces to $1000 at the opening, you still incur only a 1.96% loss. This showcases not just an attractive risk/reward ratio but also a statistical edge thanks to following the trend.
Strengths of the Volatility Breakout Strategy:
This strategy's strengths lie in its ability to sidestep the emotional rollercoaster of market psychology. By focusing on volatility and executing short-term trades with precise entry and exit points, it enables traders to tune out market noise. Trends, which reflect market psychology, become our allies rather than foes. Unlike reversal strategies, this approach provides a statistical edge and an appealing risk/reward ratio.
Conclusion:
While applying this strategy directly in today's markets may require some adjustments, understanding how legendary traders like Larry Williams approached the market is invaluable. The key takeaway is to remove emotion from your trading equation, maintain strict rules, and define clear invalidation points. These principles are fundamental to finding success in the dynamic world of trading.
If you found this educational post insightful and engaging, don't forget to hit that like button and follow for more high-quality content. Feel free to share your thoughts and questions below—let's navigate the exciting world of trading together!"