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Marketstructure

Intel - Retest, reversal and rejection!NASDAQ:INTC has been establishing a slight bullish trend over the past couple of years. A clear trend is the basis of every profitable trade, right? Yes and no. You should primarily focus on trading trends and entering positions during such phases. But Intel is a textbook example of a range bound stock; still there are trading opportunities everywhere. Currently Intel is retesting support and is starting to reverse towards the upside. But please: Manage your risk properly. Levels to watch: $30, $45 Keep your long term vision, Philip - BasicTrading
NASDAQ:INTCLong
by basictradingtv
3
XAUUSD Gold Market Analysis: Weekly Overview Fundamentals Gold Price Movement: Last week's trading saw gold prices align with our expectations. Following the release of nonfarm payroll data, where the unemployment rate exceeded market forecasts, gold prices climbed above the June 7 high of $2,387 towards the end of the week. Nonfarm Payroll Data: The June US nonfarm payroll report showed a slight increase in new jobs, surpassing expectations. However, revisions to April and May figures indicated a decrease of 111,000 jobs. The unemployment rate rose to 4.1%, higher than both previous and anticipated values, suggesting a cooling US labor market and increasing investor expectations for a September rate cut. Interest Rate Expectations: Interest rate observation tools indicate over an 80% probability of a September rate cut, with expectations of two cuts this year. This has driven down US bond yields, favorably impacting gold prices. Given the high nominal and real interest rates, a rate cut would strongly support gold price momentum. Market Liquidity: Despite last week's strong rebound, further upward movement for gold may be limited due to ongoing low liquidity conditions, which could persist into this week. Technical Analysis Resistance and Support Levels: The "head and shoulders" pattern led gold prices to touch the resistance range of $2,370-$2,390 last week, as anticipated. The completion of this pattern, along with oscillator signals, suggests a potential market decline. Relative Strength Index (RSI): The RSI is turning downward at the neutral level of 50. Stochastic Oscillator: The Stochastic Oscillator is smoothing in the overbought region. Key Support Levels: 50-day SMA: $2,346 20-day SMA: $2,333 A break below these levels could lead gold prices to retreat to the neckline at the $2,300 range and potentially test the lower limit of the trading range at $2,276. Key Resistance Levels: Immediate Resistance: $2,370-$2,390 Psychological Barrier: $2,400 A successful close above $2,386 would accelerate the testing of the $2,400 psychological barrier. Market Outlook: While the recent rise in gold prices has rekindled bullish hopes, breaking above or below the current range in the short term appears premature. We expect a broad range of volatile trading patterns to continue throughout the summer, with a primary strategy of buying low and selling high. This analysis aims to provide a comprehensive and professional overview of the current gold market, highlighting key fundamentals and technical factors influencing price movements BOOST US COMMENT YOUR IDEAS FOLLOW US
OANDA:XAUUSDShort
by realmillionairefx
2
Ethereum - Is everything already over?CRYPTO:ETHUSD is struggling to break above the previous all time high and might correct soon. Please don't look at headlines and news regarding cryptocurrencies. Overall these messages are just preventing you from objectively looking at the chart. Ethereum is creating higher highs and higher lows, meaning that Ethereum is trading in an uptrend. Even if Ethereum is not able to break above the previous all time high, market structure still remains decently bullish. Levels to watch: $4.000, $2.200 Keep your long term vision, Philip - BasicTrading
CRYPTO:ETHUSDLong
by basictradingtv
4
EUR/USD Monthly Structure Analysis and Sell SetupThe EUR/USD monthly structure, viewed on a daily timeframe, indicates a SELL setup. The TDI (Traders Dynamic Index) has already shown a bearish cross, signaling the presence of sellers in the market. Additionally, the candle formation at resistance is an evening star pattern, which is a reversal indicator. On a smaller timeframe (H4), a triple top formation is visible at resistance. Targets for take profit are as follows: - First take profit: 1.07831 - Second take profit: 1.07484 - Third take profit (monthly open): 1.07138 Ensure to wait for valid entry signals before executing trades. Trade with caution. If you find this analysis useful, please like, follow, share, and leave a comment.
Short
by ezeepips
Buyback Patterns for Swing TradingNASDAQ:AMGN shows a buyback run followed by a sell day that was instigated by market makers as buyers quickly disappeared. Remember that corporate buybacks are done by bank floor traders to add stock to their inventory so they won't take profits at the peak of the run; those are other market participants, such as market makers. NYSE:KO is another example of a buyback run and how price moves back down after the professionals conclude their buybacks. The buybacks were announced in May this year so this stock has just started its share repurchase program.
NASDAQ:AMGN
by MarthaStokesCMT-TechniTrader