USOIL The Target Is UP! BUY!
My dear followers,
This is my opinion on the USOIL next move:
The asset is approaching an important pivot point 74.11
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 75.64
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
M-signal
EURGBP: Short Trading Opportunity
EURGBP
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURGBP
Entry Point - 0.8507
Stop Loss - 0.8534
Take Profit - 0.8456
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GBPCAD Technical Analysis! BUY!
My dear followers,
This is my opinion on the GBPCAD next move:
The asset is approaching an important pivot point 1.7713
Bias - Bullish
Safe Stop Loss - 1.7645
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.7812
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
Tonight's NF - XAU message board peaked or changed trendsGold rose to around $2,460 per ounce on Friday, approaching record highs and on track for a weekly gain, driven by recent weak US economic data that bolstered expectations of Federal Reserve rate cuts. Thursday's data showed US manufacturing activity contracted more than anticipated in July, with employment hitting levels not seen since 2020. Additionally, jobless claims rose to 249K, the highest in nearly a year. Investors are now awaiting the monthly jobs report later in the day for further insights. Meanwhile, the escalating risk of a broader conflict in the Middle East is enhancing gold's appeal as a safe haven. Markets are closely watching Iran's response to the assassination of Hamas leader Ismail Haniyeh, which follows the killing of Hezbollah's top commander in a Beirut airstrike.
❓NF - NEW ATH XAU - market expectations
📈SELL GOLD: 2498 - 2501
➡️SL: 2508
➡️TP1: 2483
➡️TP2: 2467
➡️TP3: 2442
📉BUY GOLD: 2420 - 2418
➡️SL 2412
➡️TP1: 2433
➡️TP2: 2442
➡️TP3: 2467
GOOD LUCK EVERYONE👍
Ethereum ETF Launch Causing Temporary Crypto Dump!Last week was the official launch of the long anticipated Ethereum spot ETF. Sadly, the markets dumped right after trading went life.
We have seen the exact same thing happen earlier this year with the BTC spot ETF launch, where the ETF lost over 26% of its value in the first 7 trading days. The Ethereum ETF is currently trading at -12% after 7 trading days.
Historically, great crypto news has ALWAYS caused some kind of dump. See the analysis below for reference:
Although we're going down, I think it's a merely temporary dump. Like mentioned in my most recent BTC analysis, I think that the green area on the chart is the perfect area to start buying in again in the hopes of a turnaround in the ETF's trading direction.
Share your thoughts on whether this analysis makes sense or not. Happy to hear what you think!
What's next for BTC ? Two ScenariosScenario 1:
If the current bearish correction ends at this support zone, the price will hold here. Further consolidation will occur for a couple of hours, followed by a slow bounce back. We might see minor resistance during this reversal, with the next target around 69K.
Scenario 2:
If the current support zone fails to hold, the next support is around the 63K zone. This is a stronger support compared to the current one and is likely to hold as the overall sentiment is bullish. We can expect the price to consolidate around this zone, then bounce back and consolidate around the 65K resistance, and finally hit the target of 69K.
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
XAUUSD/GOLDThe precious metal has reached its resistance zone, I would be happy to see it fall from here, though its too obvious setup 97% of traders can see this, I suspect it a sell trap. Therefore, let us use mini lots because it too easy for the market maker to reach our stoploss with such setups. Dont forget to use proper risk management. Lets Download Success.
EURCHF: Bullish Continuation & Long Trade
EURCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long EURCHF
Entry Point - 0.9463
Stop Loss - 0.9414
Take Profit - 0.9552
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GOLD Set To Grow! BUY!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 2387.0 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2424.8
Recommended Stop Loss - 2364.3
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURUSD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.0844
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0829
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Inflation returns and sends XAU soaringThe strength of the US labor market appears to be fading as a restrictive policy framework remains in place. The unemployment rate in June, at 4.1%, was recorded as the highest in more than two years.
In addition, JOLTS Open Jobs data increased almost steadily in June. The number of job vacancies in June reached 8.18 million compared to expectations of 8.03 million but lower than the previously released figure of 8.23 million, indicating that demand for jobs has been waning.
On the other hand, bullion also benefited from safe-haven buying after an airstrike killed a Hamas leader in Tehran, Iran. Israel is believed to have carried out the assassination. The news angered Iran and its proxy groups across the Middle East.
XAUUSD : Gold continues to rise strongly againGold prices continued to expand their gains thanks to safe-haven demand amid concerns over escalating tensions following the assassination of a Hamas leader in Iran. The war in Gaza and the deepening conflict in Lebanon have left the entire region in turmoil.
In particular, the rise of this precious metal was further boosted when US Federal Reserve Chairman Jerome Powell hinted that a rate cut could be discussed as early as September if inflation remains in line with expectations.
As expected, the Fed decided to keep interest rates unchanged at this meeting. However, Mr. Powell raised investors' hopes for a possible rate cut at the September meeting. He said that policymakers are increasingly confident that inflation is moving towards the 2% target.
QS QuantumScape Corporation Options Ahead of EarningsIf you haven`t sold QS before the previous earnings:
Now analyzing the options chain and the chart patterns of QS QuantumScape Corporation prior to the earnings report this week,
I would consider purchasing the 8usd strike price Puts with
an expiration date of 2024-11-15,
for a premium of approximately $1.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AAL American Airlines Group Options Ahead of EarningsIf you haven`t sold ALL before the previous earnings:
Now analyzing the options chain and the chart patterns of AAL American Airlines Group prior to the earnings report this week,
I would consider purchasing the 10.50usd strike price Puts with
an expiration date of 2024-7-26,
for a premium of approximately $0.41.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ENPH Enphase Energy Options Ahead of EarningsIf you haven`t sold ENPH after the Double Dop:
Now analyzing the options chain and the chart patterns of ENPH Enphase Energy prior to the earnings report this week,
I would consider purchasing the 115usd strike price Calls with
an expiration date of 2024-7-26,
for a premium of approximately $3.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GBPUSD Will Explode! BUY!
My dear friends,
Please, find my technical outlook for GBPUSD below:
The instrument tests an important psychological level 1.2844
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.2919
Recommended Stop Loss - 1.2792
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPUSD - Following The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPUSD has been overall bullish, trading within the rising channel marked in green.
Currently, GBPUSD is undergoing a correction phase.
Moreover, it is retesting massive demand zone in blue.
🏹 Thus, the highlighted green circle is a strong area to look for trend-following buy setups as it is the intersection of the blue support and lower green trendline acting as a non-horizontal support.
📚 As per my trading style:
As #GBPUSD approaches the green circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SILVER The Target Is UP! BUY!
My dear followers,
I analysed this chart on SILVER and concluded the following:
The market is trading on 27.917 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish
continuation.
Target - 28.864
Safe Stop Loss - 27.252
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NAS100USD (THE PRICE BETWEEN TWO TURNING LEVEL ) ( 1D )NAS100USD
HELLO TRADERS
Tendency , the price inside two turning level around 19,058 & 18,371 .
TURNING LEVEL (1) : the price of this level at 19,058 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 18,371 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 19,848 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 20,688 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 17,047 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 15,811 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 19,044 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 19,848 , 20,688 .
SUPPORT LEVEL : 17,047 , 15,811.
XAUUSD : Gold is down but that is bullish momentumA drop below $2,380 could continue to attract buyers near the 50-day SMA, around $2,360-2,359. A break-down of the 50-day SMA would push the price towards the $2,350 support. The price could then continue to decline towards the 100-day SMA, around the $2,325-2,324 region. Further downside could see XAU/USD test the sub-$2,300 levels or the June 2024 low.
On the contrary, the bulls are struggling to capitalize on the upside momentum above $2,400. Meanwhile, if XAU/USD breaks out of the $2,400 pivot, it could face some resistance around $2,412. Gold prices could then climb to the intermediate resistance level of $2,469-2,470 and challenge the record high, around $2,483-2,484.