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Multiple Time Frame Analysis

Is the Finnish Bank OmaSp about to collapse?The charts are suggesting caution. On the above 10-day chart: 1) Double top in price. 2) Regular bearish divergence. The higher the timeframe you look the more ugly this divergence is. Laterally I’m wondering if the small banking crisis that hit the US is now venturing to other parts of the world. OmaSp does not appear to be in isolation. There were some tell-tell signs before the collapses of Silicon Valley and Signature Banks. (No one in Europe heard of those banks!) They were: 1) Strong bond market exposure. AND 2) Same TA as above. “OmaSp has been active in the bond market since 2013” says their website. Very true.. Until recently you could get the information on their Bond market exposure.. You click on the WebPage today and you get: www.omasp.fi “Unfortunately the webpage you were looking for can not be found” Oh dear… Ww Type: Trade, short Risk: <=3% Timeframe: Candles closing at 19 and under. 10-day Silicon Valley Bank before after 10-day Signature Bank before after
OMXHEX:OMASP
by without_worries
48
XAUUSD - Gold Awaiting US ElectionsGold is below the EMA200 and EMA50 in the 4H timeframe. In today's analysis, I have drawn trade scenarios for you based on various confirmations In each circle we look for one-hour timeframe candles to confirm the expected trend. After a grueling and controversial campaign season, the US election will be held this week. Although many experts believe a clear winner is unlikely to be announced on Wednesday, much of the uncertainty surrounding the US political landscape is expected to ease next week, which may not bode well for gold. This precious metal had significant momentum last month due to the election fluctuations. Market analysts pointed out that the improvement of former US President Donald Trump's chances of victory and the creation of a potential "red wave" (a Republican victory) in Congress raised concerns about the continued unabated increase in government spending. In recent weeks, that fear has extended to either party's control of the White House and both houses of Congress. However, there is a famous saying in the financial markets for times like this: "Buy the rumor and sell the news." Last week, gold prices hit an all-time high above $2,800 an ounce as investors weighed in on rumors surrounding the US election. Dennis Gartman, a noted commodity investor, said he has become more cautious about gold as it draws more attention from investors. However, he added that despite any near-term weakness, gold's long-term fundamentals are well supportive of prices. "The main trend is still bullish," he said. Aside from the geopolitical turmoil created by this election cycle, gold remains well-supported by the sluggish US economy and labor market. In October, the US economy added just 12,000 jobs, well below expectations for 100,000 jobs. Some of the weakness can be attributed to fluctuations caused by cyclone devastation in southern states. However, looking beyond this volatility, sharp downward revisions in August and September suggest that the labor market is cooling. At the same time, this week we also saw that inflation is continuously increasing. The main measure of personal consumption expenditures, the U.S. central bank's preferred measure of inflation, showed that consumer prices held steady at 2.7% over the past three months. The Fed is stuck and will continue to cut interest rates as the labor market weakens. While interest rate cuts may not be as aggressive as they would like, higher inflation means lower real interest rates, which will hurt the US dollar and support gold prices.
FOREXCOM:XAUUSD
by Ali_PSND
RUNE to $14, falling wedgeOn the above chart price action has corrected over 70%. A long trade now presents itself, but that’s all. This is not a long term forecast by any means. 1) Price action breakout. (RSI remains in resistance). 2) Price action confirms support on past resistance. 3) The falling wedge top and lower touch points allow a near term forecast for price action, $14 area or 170% from current levels. Is it possible price action corrects further? Sure. Is it probable? No. Ww
Long
by without_worries
5
CADJPY / M15 / SHORTCADJPY may fall from the Bearish Order Block Bearish Order Block: 109.457 and 109.372 CADJPY is likely to drop from the bearish order block, with a high probability of the trade reaching profitability. Since the price hasn’t touched the order block yet, consider placing a limit order at the entry price. Let’s see how the price reacts as it approaches this zone! CADJPY / M15 / SHORT LOT :- 0.3 Entry Price :- 109.372 Take Profit :- 109.151 Stop Loss :- 109.593
Short
by PraveenTrader1
S&P Weekly RecapLast week saw significant moves in the S&P 500 , with Thursday’s open revealing a sharp gap down that quickly intensified into a strong sell-off. This correction unfolded despite strong earnings from “Big Tech” and was likely driven by weakness in key economic indicators, such as GDP growth and Non-Farm Payrolls, combined with uncertainty surrounding the upcoming U.S. elections. Still, the broader weekly uptrend remains intact for now, as long as the index holds above key levels. One area to watch closely is the 566.6 support, which has been tested by recent volatility. There’s no guarantee that this level will hold if selling pressure continues, so it’s a crucial line to monitor. That said, the general uptrend is considered safe above 538 , which is the major weekly low. Another significant level to watch is 561.5 , the Value Area High (VAH) of the recent weekly consolidation zone. An interesting signal was the elevated call/put ratio on Friday. This uptick suggests that, despite the sell-off, bullish sentiment remains alive, with many viewing the dip as an opportunity. The continued strength of the XLC sector further reflects this optimism, as it managed to hold firm even through the broader index’s pullback. Considering all the above, the long-term market outlook remains bullish. Key levels to watch in the coming days are 566.6 for immediate support, 561.5 as an important pivot point, and the weekly major low at 538 . Next week is packed with high-impact events, including the U.S. elections and the Federal Reserve’s interest rate decision . Both are likely to drive heightened volatility and could serve as key catalysts for market direction.
AMEX:SPYLong
by hermes_trisme
Origin Protocol (OGN) to $3On the above 3-day chart price action has corrected 98% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows replace lower highs lower lows. 3) Support and resistance. (Orange circles). Look left. Price action confirms support on past resistance, which is also legacy support. 4) Strong positive divergence between price action and the oscillators. 5) The falling wedge is a reliable chart pattern for forecasting future targets. A measured move from the lowest to the highest touch points (blue circles) inside the wedge is taken to forecast future price action. From the breakout point the target is $3. 6) Has a USD-BTC score of 35-21. Some of you know what this means, some of you don’t! Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk: <= 6% Timeframe for long: Yesterday Return: 20-30x depending on entry
Long
by without_worries
83
Bitcoin - How will Bitcoin react to the results of the election?Bitcoin is located between the EMA50 and EMA200 in the 4H timeframe and is trading in its ascending channel. Risk on sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. We will look for Bitcoin resale positions within the specified supply zone. Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. Bitcoin buying positions can be looked for in the two specified demand zones. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important New surveys by “ABC News/Ipsos” indicate a close race between Kamala Harris and Donald Trump as the 2024 U.S. election approaches. These surveys reveal that 74% of voters are dissatisfied with the state of the country and also discontent with the current presidential candidates. Harris is slightly ahead with 49% support compared to Trump’s 46%. In the final days, Harris’s campaign has been more active in connecting with voters, gaining more support among Latinos, African Americans, and young women, whereas Trump holds greater support among white men and those without a college degree. Donald Trump, the Republican candidate, has not only positioned himself as a pro-crypto figure but his tariff-raising policies could lead to inflation and increased geopolitical tensions. Trump, who previously opposed cryptocurrencies, has shifted to strong support for the industry this year. Decrypt previously reported that Trump aims to have all Bitcoin mining conducted in the U.S. and has launched a decentralized finance (DeFi) project running on Ethereum, with plans to issue his own stablecoin. On the other hand, MicroStrategy, led by Michael Saylor, announced plans to raise $42 billion over the next three years to buy more Bitcoin. The company’s “21/21 Plan” aims to gather $21 billion through equity and $21 billion through debt. The company has stated that this additional capital will be used to acquire more Bitcoin as a treasury asset. Their latest purchase in mid-September added 7,420 Bitcoin valued at $458.2 million, bringing their total holdings to 252,220 Bitcoin. Performance of ETFs with the highest trading volume on Friday: Total: - GETTEX:55M BlackRock: $0M Fidelity: - GETTEX:26M Grayscale: -$5M Bitcoin mining revenue and profit fell for the fourth consecutive month in October. JPMorgan reported that the average weekly hashrate of the Bitcoin network reached a record high. The bank estimated that Bitcoin miners earned an average of $41,800 per exahash per second, a 1% decrease from September. Additionally, daily gross profit reached a new low. Bitcoin mining difficulty hit an all-time high in October; however, transaction fees significantly increased, reaching 60% of the block reward by the end of the month. The monthly hashrate for the Bitcoin network increased to 702 EH/s in October, 9% higher than the previous month. The latest update of the crypto market’s Fear and Greed Index shows that it remains in the greed zone, although it dropped by 4 points compared to the previous day.
COINBASE:BTCUSDShort
by Ali_PSND
XAU/USD 04 November 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as analysis dated 31 October 2024 -> Swing: Bullish. -> Internal: Bullish. Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal. Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation. Price is now trading within an established internal range. Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high. We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As noted in my analysis dated 01 November 2024, I mentioned that I would confirm internal structure if the price reached the premium of the 50% EQ of the internal range. Price has now achieved this, confirming the internal structure. Although price has made attempts to target the weak internal low, it has not yet succeeded. Intraday Expectation: Price is expected to continue targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK