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Forex preview: NFP, Powell’s testimony, and BoC and ECB decisionThe key events for the week are concentrated mainly between Wednesday and Friday. In the United States, the focus will be on January jobs data and speeches by Federal Reserve officials. The most important of the bunch is of course Federal Reserve Chair Powell two-day testimony in Congress on monetary policy starting Wednesday. Traders will look for cues regarding the future trajectory of monetary policy, with special attention paid to the Q&A session following Powell's opening remarks. Friday will bring the release of Non-Farm Payroll (NFP) data, with expectations of a 188,000 job increase in February. This would be a significant drop from the 353,000 jobs added in January. JOLTs job openings are anticipated to fall to 8.9 million in January after two consecutive months of increases (Wednesday). In Canada, the Bank of Canada is anticipated to maintain interest rates unchanged for the fifth consecutive time on Thursday. In Europe, the European Central Bank (ECB) is expected to keep rates unchanged on Thursday. ECB members continue to advocate for a patient stance, with the consensus being to wait for Q1 2024 wage data before considering a rate cut in June, aligning with current market expectations. In the United Kingdom, all eyes will be on Finance Minister Jeremy Hunt's pre-election budget on Wednesday, which is expected to include tax cuts, which according to the guardian “... runs the risk of getting an adverse reaction from the markets which would snuff out what is still a lukewarm and tentative economic recovery.”
by BlackBull_Markets
Dollar Anticipation: High Impact News AnalysisWe are anticipating the release of High Impact News today, which is expected to significantly impact the dollar. With this in mind, I maintain an overall bullish outlook on the dollar. However, before this bullish momentum unfolds, I anticipate a series of market movements. Initially, I foresee a draw towards filling the liquidity void left by yesterday's volatile move. This would involve a movement towards the H4 Order Block. Following this, I anticipate a temporary bearish draw aimed at mitigating the H1 Order Block and filling its Liquidity Void. Once these steps are completed, I expect the bullish momentum to take precedence, setting the stage for a long-term bullish bias. Stay tuned for further updates and analysis as the market evolves. Kind Regards, The_Architect
TVC:DXY
by The_Archi-tect
Gold Analysis: Will the Critical Resistance Hold or Break Gold is following a downward trend line in the 4-hour time frame and has formed a short-term ascending channel! Gold is currently at a very important resistance zone of 2035 - 2039. Here we have two possibilities: 1. Gold may fail to break above this resistance and continue its downward movement from this area. 2. Gold might break above this resistance with today's news and move towards 2044 - 2047, meaning the top of the descending channel, and then, with tomorrow's news, continue to hit a downward trend from this area or an even more significant resistance of 2055 - 2058. Pay attention to the news! News events shape all trends! 📈
OANDA:XAUUSDShort
by ChartSavant
The TradingView Digest - February 27thThe TradingView Digest - February 27th Hey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top posts from our community, which includes a video tutorial on TradingView’s paper trading feature, an informative post about Bitcoin halving, a post on finding trade setups, and all the latest headlines, earnings, and economic events. 💡🎥 How-To: Use the TradingView Paper Trading feature - by TradingView TradingView's Paper Trading isn't just for practice; it's a detailed educational platform that closely simulates the real trading environment, all without the risk of losing money. This feature is carefully crafted to mimic actual market scenarios, offering users a realistic preview of how their trading plans might fare.📖🧾 💡🎥 Understanding Momentum to find the Best Setups - by TradeTheStructure In the video, I discuss how I analyze momentum using MACDs and 5-minute/1-minute charts for day trading. This approach helps me filter out the best setups, positioning myself strategically in the market and within the right trading zones. The key concepts covered in this video include momentum, price action, candle analysis, and multi-timeframe analysis. 📰 Top Stories Nvidia Market Cap Hits $2 Trillion During Post-Earnings Rally Google Halts Gemini's Image-Generation Over Bias Does Bitcoin Halving Still Matter in 2024? Home Buyers Are Back in the Market. They're Shrugging Off Higher Prices and Mortgage Rates Riot Platforms boosted BTC output by 19% in 2023, mines 6,626 Bitcoin 💵 Earnings highlights from the previous week: Warner Bros. Discovery's Q4 Net Loss Narrows, Revenue Declines Berkshire Hathaway reports record cash as earnings pop in Q4 Block's Q4 Earnings Surge American Software (AMSWA) Q3 Earnings and Revenues Beat Estimates Mercedes' (MBGAF) Q4 Results, Buyback & EV Strategy in Focus 💡 What Is Bitcoin Halving? Here's All You Need to Know - by TradingView Halving, a milestone event in the crypto space, occurs approximately every four years, reducing Bitcoin's mining rewards every 210,000 blocks. Satoshi Nakamoto, the individual or group that created Bitcoin, set a fixed limit of 21 million coins, ensuring that the total amount of Bitcoin can never go above that number. 💡 Bad News for USD Longs? - by FPMarkets According to the US Dollar Index, dollar longs are under pressure. Despite technically still exhibiting an uptrend, there are signs of emerging technical weakness. Since topping at 104.97 in mid-February, just shy of the resistance at 105.04, price action has tunneled through support at 104.15 (now marked as resistance), in addition to channel support extended from the low of 100.62. 🌟 Script of the Week 📜 Percent Rank Histogram - by VanHe1sing This script visually displays the percentage of historical data points that are less than or equal to the current value for multiple financial instruments. 💭 Our Weekly Thought: “Good traders try to avoid losing money. Great traders accept they will lose money.” We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below. TradingView Team 📣 Want to be among the first to know all the news? Give us a follow!
by TradingView
4
Crypto News: Feb 21,2024Crypto News: Feb 21,2024 1. Circle Discontinues Support for Tron Blockchain 🚫 Stablecoin issuer Circle has announced that it will no longer support USDC on the Tron blockchain. "Circle is discontinuing support for USDC on the Tron blockchain in phases. From this point forward, we will not mint USDC on Tron," the statement read. Transfers of USDC to other blockchains will be supported until February 2025. In its decision, Circle cited risk management considerations. "This action is consistent with our efforts to ensure that USDC remains reliable, transparent, and secure," the company stated. Following this news, the price of TRX, the native coin of the Tron blockchain, remains stable, hovering around 14 cents. 2. Swiss PostFinance: Crypto Trading Starting at $50 💲 PostFinance, a systemically important bank in Switzerland, is launching a new service for its clients—cryptocurrency trading with an entry threshold of $50. "Cryptocurrencies represent another investment opportunity that is here to stay. The advantage is that our 2.5 million clients can now easily and safely invest in cryptocurrencies," said Philipp Merkt, Director of Investments at PostFinance. "In addition to traditional asset classes such as stocks and bonds, cryptocurrencies represent an attractive investment opportunity within alternative investments." Thanks to this new offering, PostFinance customers can trade cryptocurrencies from their accounts 24/7. PostFinance is one of the leading financial institutions in Switzerland, with assets valued at 106 billion francs. 🟢 Current cryptocurrency market capitalization is $2.076 trillion 🟢 Trading volume over the last 24 hours is $103.51 billion 🟢 BTC dominance is 49.2% 🟢 Crypto Fear & Greed Index: Today 78 "Extreme Greed", Yesterday 72 "Greed", A week ago 72 "Greed" where, 0 is "Extreme Fear" (can be a sign that investors are too scared—often a good time to buy), and 100 is "Extreme Greed" (the market may need a correction). On Tuesday, Bitcoin encountered strong resistance at the $53,000 level, initiating a price correction. Today, February 21, 2024, the price dropped to $50,535, narrowly holding the price. I expected a swift fall to $48,000. Let's continue... Meanwhile, the price of ETH surpassed the $3,000 mark for the first time since April 2022 on Tuesday, continuing its growth streak. The second-largest cryptocurrency by market cap gained about 2.0% in the last 24 hours and has risen more than 13% over the past week. In March, the Ethereum network awaits the significant Dencun update. Speculation around the launch of spot Ethereum ETFs continues, with the SEC facing initial deadlines for applications for this new exchange-traded product in May. Is the Market Experiencing Euphoria? 💲 Glassnode reports that the cryptocurrency market is currently teetering between Greed and Euphoria: Greed has been the prevailing sentiment since October 2023, with a brief period of neutrality during the January drop when BTC's price fell 20% below the $40,000 mark. However, numerous indicators suggest that the peak of Euphoria is still ahead. For example, Google Trends shows that search queries for "Bitcoin" are currently significantly below the peak values of the 2021 bull rally: The quarterly retail trading volume on Coinbase in the fourth quarter of 2023 amounted to $29 billion, whereas at the peak of 2021, the volume reached $177 billion. Several indicators suggest that we are still far from the peak of market Euphoria (There hasn't been a crypto market peak or Alt Season yet). Everything lies ahead...
CRYPTO:BTCUSDLong
by UnknownUnicorn285026
GBPJPY LONG ❤️Forex Besties❤️ INFORMATION The UK economy has experienced a notable downshift since the start of 2023 which culminated in a technical recession for the second half of the year. Worse-than-expected GDP data for the fourth quarter revealed a 0.3% contraction (QoQ) to mark two successive quarters of negative GDP – the definition of a technical recession. 🔥BUY GBPJPY 188.400 - 188.600 SL @187.494 ✅TP 1 @ 188.900 ✅TP 2 @ 189.300 ✅TP 3 @ 189.692 ❤️FOREX BESTIES WEB - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE *Economic deterioration confirmed in Q4 *Much anticipated tax cuts could be announced next month while the BoE is still concerned over wage growth and services inflation *Sterling eases further while FTSE 100 opens higher ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
Long
by My_Forex_Team
XAUUSD FOMC UP then Downtrend❤️MY FOREX TEAM❤️ INFORMATION Gold (XAU/USD) rose for the fourth straight session on Tuesday (+0.50% to $2,027), firmly establishing itself above the $2,025 mark, supported by declining U.S. Treasury yields and a subdued U.S. dollar, with risk-averse sentiment on Wall Street likely reinforcing the metal’s advance. 💲BUY GOLD 💲 💲SELL GOLD 💲 Signal Updates in chart. Followers continuously receive update. Everyone success..👍👍👍 ❤️MY FOREX TEAM - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE FOMC MINUTES IN FEW HOURS ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
FOREXCOM:XAUUSDShort
by My_Forex_Team
The TradingView Digest - February 20thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top posts from our community, which includes an informative post about Apple’s valuation, a strategy for trading opening range breakout, a hot script on Ichimoku Oscillator, and all the latest headlines, earnings, and economic events. 💡 Apple’s Valuation When we look at Apple historically, the valuation is higher than average, with lower than average sales growth. Compare today's prices to the low prices of 2013, 2016, and 2018/2019, and you can see that you could buy Apple at 2.13, 2.20, and 2.68 times sales, with sales growing at sharply higher rates compared to now, where sales are growing at the slowest rate and reaching a peak valuation at 8.02 times sales. By timwest 💡 Timely Opening Range Breakout Strategy Open Range Breakout (ORB) is a simple strategy that day traders use in relatively low-volatility markets. The Opening Range usually refers to the highest and lowest prices within the first 15 to 60 minutes of the market opening. These levels then serve as your resistance and support, guiding your trading plan for the day. By Zeiierman 📰 Top Stories Coinbase Stock Pops 14% on First Quarterly Profit Since 2021 as Trading Picks Up Blackrock’s Bitcoin ETF Holdings Near 110K BTC Why high-yield bond ETFs may deliver 'surprise' outperformance in fixed income in 2024 Microsoft's $3.44B German AI Investment UK Records Biggest Monthly Retail Sales Rise Since April 2021 💵 Earnings highlights from the previous week: Eni Earnings Fall on Lower Energy Prices Alliant Energy's Q4 Earnings Rise, Revenue Falls; 2024 Outlook Maintained Airbus Posts Lower FY23 Net Income; Revenue Grows IAMGOLD Corp reports results for the quarter ended in December Schneider Electric Reports Growth in FY23 Net Income, Revenue 💡🎥 Thoughts and Analysis on US30 What a solid run we have seen until the CPI data! After the US CPI came in hotter than expected, it shocked the market, leading to heavy selling on stock indexes and risk currencies with a flight to safety (USD). Is this merely a buying opportunity, or could it signal a potential momentum change? Watch the video to find out. By Eightcap 🆕 TradingView and Coin Metrics: New Era in Crypto Asset Analysis Coin Metrics, renowned in crypto financial intelligence, has now integrated its dataset into the TradingView platform. Coin Metrics brings robust data on crypto networks, enriching the decisions of traders and investors with accurate information. Through this partnership, over 50 million TradingView users now have access to even more detailed and comprehensive information to analyze crypto assets. By TradingView 🌟 Script of the Week 📜 Ichimoku Oscillator This script utilizes various Ichimoku Cloud features to identify trend and potential entry/exit levels. By LonesomeTheBlue 💭 Our Weekly Thought: “There is never a rush to buy or sell.” We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below. TradingView Team 📣 Want to be among the first to know all the news? Give us a follow!
BITSTAMP:BTCUSD
by TradingView
8
XAUUSD⚡️FOMC Minutes eyed⚡️❤️MY FOREX TEAM❤️ INFORMATION Gold price (XAU/USD) holds above $2,000 during the early Asian session on Monday. US economic data suggests inflation is stickier than expected and prompted financial markets to dial back expectations that the Federal Reserve (Fed) would start cutting interest rates in June. At press time, the gold price is trading at $2,014, gaining 0.12% on the day. 💲BUY GOLD 1980-1985 💲 SL @ 1977 TP 1 @ 1990 TP 2 @ 1998 TP 3 @ 2009 💲SELL GOLD 2027-2030 💲 SL @ 2035 TP 1 @ 2020 TP 2 @ 2010 TP 3 @ 2000 Everyone success..👍👍👍 ❤️MY FOREX TEAM - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE XAU/USD holds above $2,000, PBOC rate decision, FOMC Minutes eyed ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
FOREXCOM:XAUUSDShort
by My_Forex_Team
2
XAUUSD SHORT - GOLD UNDER PRESSURE❤️Forex Besties❤️ INFORMATION Gold price attracts some buyers amid sliding US bond yields and subdued USD price action. Geopolitical tensions in the Middle East further lend support to the safe-haven XAU/USD. Delayed Fed rate cut bets could underpin the USD and cap gains for the non-yielding metal. 🔥Sell Gold 2013 - 2017 SL @2022 ✅TP 1 @ 2007 ✅TP 2 @ 1985 ✅TP 3 @ 1977 ❤️FOREX BESTIES WEB - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE Gold price (XAU/USD) edges higher during the first half of the European session and moves away from a two-month low, near the $1,984 area touched the previous day. ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
FOREXCOM:XAUUSDShort
by My_Forex_Team
ACA.X in upward trendACA.X in upward trend: 10-day moving average broke above 50-day moving average on February 11, 2024 The 10-day moving average for ACA.X crossed bullishly above the 50-day moving average on February 11, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 7 of 8 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 88%. Technical Analysis (Indicators) Bullish Trend Analysis The Momentum Indicator moved above the 0 level on February 01, 2024. You may want to consider a long position or call options on ACA.X as a result. In 24 of 47 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 51%. The Moving Average Convergence Divergence (MACD) for ACA.X just turned positive on February 02, 2024. Looking at past instances where ACA.X's MACD turned positive, the stock continued to rise in 13 of 20 cases over the following month. The odds of a continued upward trend are 65%. ACA.X moved above its 50-day moving average on February 08, 2024 date and that indicates a change from a downward trend to an upward trend. Following a +12.22% 3-day Advance, the price is estimated to grow further. Considering data from situations where ACA.X advanced for three days, in 87 of 125 cases, the price rose further within the following month. The odds of a continued upward trend are 70%. Bearish Trend Analysis The 10-day RSI Indicator for ACA.X moved out of overbought territory on February 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 15 similar instances where the indicator moved out of overbought territory. In 7 of the 15 cases, the stock moved lower in the following days. This puts the odds of a move lower at 47%. The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected. Following a 3-day decline, the stock is projected to fall further. Considering past instances where ACA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%. ACA.X broke above its upper Bollinger Band on February 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The Aroon Indicator for ACA.X entered a downward trend on February 01, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Long
by Serhii_Bond
ADA.X's MACD Histogram crosses above signal lineThe Moving Average Convergence Divergence (MACD) for ADA.X turned positive on January 29, 2024. Looking at past instances where ADA.X's MACD turned positive, the stock continued to rise in 36 of 58 cases over the following month. The odds of a continued upward trend are 62%. Technical Analysis (Indicators) Bullish Trend Analysis The Momentum Indicator moved above the 0 level on February 01, 2024. You may want to consider a long position or call options on ADA.X as a result. In 66 of 124 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 53%. ADA.X moved above its 50-day moving average on February 09, 2024 date and that indicates a change from a downward trend to an upward trend. Following a +4.18% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADA.X advanced for three days, in 266 of 439 cases, the price rose further within the following month. The odds of a continued upward trend are 61%. The Aroon Indicator entered an Uptrend today. In 188 of 304 cases where ADA.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 62%. Bearish Trend Analysis The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected. The 10-day moving average for ADA.X crossed bearishly below the 50-day moving average on January 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 53%. Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%. ADA.X broke above its upper Bollinger Band on February 09, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Long
by Serhii_Bond
BNB.X in +5.27% UptrendBNB.X in +5.27% Uptrend, rising for three consecutive days on February 09, 2024 Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BNB.X advanced for three days, in 245 of 445 cases, the price rose further within the following month. The odds of a continued upward trend are 55%. Technical Analysis (Indicators) Bullish Trend Analysis The Momentum Indicator moved above the 0 level on February 07, 2024. You may want to consider a long position or call options on BNB.X as a result. In 65 of 130 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 50%. The Moving Average Convergence Divergence (MACD) for BNB.X just turned positive on February 08, 2024. Looking at past instances where BNB.X's MACD turned positive, the stock continued to rise in 27 of 60 cases over the following month. The odds of a continued upward trend are 45%. Bearish Trend Analysis The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon. The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected. Following a 3-day decline, the stock is projected to fall further. Considering past instances where BNB.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 42%. BNB.X broke above its upper Bollinger Band on February 08, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The Aroon Indicator for BNB.X entered a downward trend on January 30, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Long
by Serhii_Bond
SOL.X in +6.17% UptrendSOL.X in +6.17% Uptrend, advancing for three consecutive days on February 10, 2024 Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SOL.X advanced for three days, in 240 of 334 cases, the price rose further within the following month. The odds of a continued upward trend are 72%. Technical Analysis (Indicators) Bullish Trend Analysis The Momentum Indicator moved above the 0 level on January 28, 2024. You may want to consider a long position or call options on SOL.X as a result. In 68 of 107 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 64%. The Moving Average Convergence Divergence (MACD) for SOL.X just turned positive on January 29, 2024. Looking at past instances where SOL.X's MACD turned positive, the stock continued to rise in 32 of 52 cases over the following month. The odds of a continued upward trend are 62%. SOL.X moved above its 50-day moving average on February 07, 2024 date and that indicates a change from a downward trend to an upward trend. The 10-day moving average for SOL.X crossed bullishly above the 50-day moving average on February 03, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 64%. The Aroon Indicator entered an Uptrend today. In 202 of 284 cases where SOL.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 71%. Bearish Trend Analysis The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon. The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected. Following a 3-day decline, the stock is projected to fall further. Considering past instances where SOL.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 68%. SOL.X broke above its upper Bollinger Band on February 12, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Long
by Serhii_Bond
The TradingView Digest - February 13thHello, readers! We're delighted to announce the relaunch of our Weekly Digest, now optimized for an improved reading experience. Join us for a knowledge-enriched learning journey. Without delay, let's dive in! 🙂 In today’s edition, we’re highlighting the top posts from our community. This includes an informative post about Stan Weinstein's stage analysis, a video tutorial on market liquidity, a hot script on volume footprint, and all the latest headlines, earnings, and economic events. 🔥 ⦿ Stan Weinstein’s method of Stage Analysis Stage analysis is a powerful technique in trading that segments market trends into distinct phases, each offering unique opportunities and challenges. Developed by Stan Weinstein, this method helps traders understand and anticipate market movements. By FXOpen ⦿ Understanding Liquidity Liquidity is essentially composed of orders in the marketplace. Since trading operates as a zero-sum game, without liquidity, trading becomes impossible. To put it simply, if you want to buy, you need someone to sell to you, and vice versa. By TradinG_Grace ⦿ Top Stories SoftBank Swings to Surprise $6.4B Profit After Four Down Quarters, Arm Stake Nets $16B Intel Chip Sales Halted by German Court Bitcoin Halving Preparations Prompt Surge in Miner Outflows: Bitfinex Insights Pharmacy Chains Are in a World of Hurt. Blame Shrinking Drug Reimbursements Cloudflare's stock catapults 24% higher as earnings bring 'a lot to like' ⦿ Earnings Earnings highlights from the previous week: Alibaba's Q3 Earnings Fall, Approves $25B Buyback Ford's Q4 Revenue Up 4% Costco's Net Sales Rise in 2024 Adobe's Earnings to Rise 15.3% ⦿ How to Create a Solid Portfolio Building a strong portfolio can be challenging for most investors. Knowing easy ways to start that journey can greatly improve your performance as an investor. In this post, we'll show you how to better pick stocks, using the NAS100 as an example. By thesharkke ⦿ Bullion Ballet: Trading the Gold Platinum Ratio Gold is a preferred precious metal driven by consumer jewelry demand, investment, and monetary policies. Platinum, also precious, is used for jewelry and somewhat as an investment. Unlike gold (6% industrial demand), platinum relies heavily on industry (73%). By mintdotfinance ⦿ Script of the Week Volume Footprint Voids This script aims to plot single candle profiles and their own footprints. It uses lower timeframe calculations to plot different styles of single candle POC and can be used for scalping, finding precise entries and exits, and spotting potential trapped traders, etc. By StratifyTrade ⦿ Our Weekly Thought Always look first. Never rush into a trade or investment blindly. We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below. - TradingView Team ❤️
BITSTAMP:BTCUSD
by TradingView
5
ADA.X's MACD Histogram crosses above signal lineThe Moving Average Convergence Divergence (MACD) for ADA.X turned positive on January 29, 2024. Looking at past instances where ADA.X's MACD turned positive, the stock continued to rise in 37 of 58 cases over the following month. The odds of a continued upward trend are 64%. Technical Analysis (Indicators) Bullish Trend Analysis The Momentum Indicator moved above the 0 level on February 01, 2024. You may want to consider a long position or call options on ADA.X as a result. In 68 of 124 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 55%. ADA.X moved above its 50-day moving average on February 09, 2024 date and that indicates a change from a downward trend to an upward trend. Following a +4.18% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADA.X advanced for three days, in 266 of 439 cases, the price rose further within the following month. The odds of a continued upward trend are 61%. BINANCE:ADAUSDT
Long
by Serhii_Bond
Momentum Indicator for ETH.X turns positiveMomentum Indicator for ETH.X turns positive, indicating new upward trend ETH.X saw its Momentum Indicator move above the 0 level on February 02, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 118 similar instances where the indicator turned positive. In 78 of the 118 cases, the stock moved higher in the following days. The odds of a move higher are at 66%. Technical Analysis (Indicators) Bullish Trend Analysis The Moving Average Convergence Divergence (MACD) for ETH.X just turned positive on February 06, 2024. Looking at past instances where ETH.X's MACD turned positive, the stock continued to rise in 38 of 66 cases over the following month. The odds of a continued upward trend are 58%. ETH.X moved above its 50-day moving average on February 06, 2024 date and that indicates a change from a downward trend to an upward trend. The 10-day moving average for ETH.X crossed bullishly above the 50-day moving average on February 10, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 14 of 22 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 64%. Following a +0.81% 3-day Advance, the price is estimated to grow further. Considering data from situations where ETH.X advanced for three days, in 265 of 445 cases, the price rose further within the following month. The odds of a continued upward trend are 60%. BINANCE:ETHUSD
BINANCE:ETHUSDLong
by Serhii_Bond
JSE ALSI 40 is a mess - Bearish bias to 63,460Yep, the JSE ALSI 40 is in yet another Twilight Zone. We see sideways motion, prior downtrend and there are sideways indicators. The bearish bias part of it is that price is below 200MA. The RSI is showing lower highs (Bearish divergence). We also see low volume on the buying side. More importantly, we have a flat monday with no conviction... And if the price does break below the Symmetrical Triangle, we could see downside in the week. The target could be very well to 63,460. Here is your weekly wrap up. The U.S. stock markets mostly closed higher, with a significant highlight being the S&P 500 surpassing the 5,000-point level for the first time. The growth was driven primarily by big tech companies and a variety of sectors including software, semiconductors, communications, media, regional banks, trucking, apparel retailers, auto suppliers, and Chinese tech stocks showing notable performance. Conversely, sectors such as real estate, energy, food & beverage, cruise lines, and casual diners lagged behind. Microsoft stood out by achieving a 1.6% rise in its shares, which boosted its market capitalization to $3.125 trillion, marking the highest valuation ever for an American company. Additionally, the yield on the 10-year Treasury note closed at 4.166%. In europe: In Europe, equity markets ended the day lower, with technology, media, and healthcare sectors leading the gains, while food & beverage, real estate, and utilities faced declines. General indices: Market performance indices closed as follows: S&P 500 up by 0.57%, Dow Jones Industrial Average down by 0.14%, Nasdaq up by 1.25%, FTSE 100 down by 0.30%, DAX down by 0.22%, and CAC 40 down by 0.24%. Asian markets Asian equity markets saw minimal activity, with most closed for the Lunar New Year holidays. However, there was a notable increase in holiday travel activity, with Xinhua reporting the addition of 1,873 passenger trains across the railway network on Friday. Markets such as Nikkei, Hang Seng, and Shanghai were closed, while the ASX 200 saw a modest increase of 0.19%. In South Africa In South Africa, the Johannesburg Stock Exchange (JSE) closed lower, primarily dragged down by the resources sector, which fell by more than 2% due to weaker metals prices. The precious metals and mining sector saw a decrease of 2.22%, although industrials managed a modest gain, supported by solid performances from companies like Bidvest, Naspers, and Richemont. The yield on the 10-year government bond closed at 9.955%. Thank you for reading and enjoying the daily wrap up and analyses we provide to Trading View for you!
JSE:J200Short
by Timonrosso
Spirit (SAVE) a distressed merger partner with Jet Blue LONGSAVE on the 50-minute chart reversed a trend down that started on January 23 which was a continuation of a previous downtrend which corrected. SAVE is in critical condition. There is a merger with JBLU which has been successfully challenged in court. The two airlines have a narrow window in which to file a notice of appeal after which briefing and oral argument will be calendared. This is a slow process. I cannot find a positive piece of news in this current week. No matter, price crossed over both short and longer moving averages and had little bit of more volume. Is this a fakeout? Is this a short squeeze without volume to keep it going? Are shorts buying to cover? Could this turn into something or is it nothing ? Who knows ! I think it is worth watching.
SLong
by AwesomeAvani
ADA.X in downward trendADA.X in downward trend: price dove below 50-day moving average on January 14, 2024 ADA.X moved below its 50-day moving average on January 14, 2024 date and that indicates a change from an upward trend to a downward trend. In 27 of 40 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 68%. Technical Analysis (Indicators) Bearish Trend Analysis The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 46 of 86 cases where ADA.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 53%. The 10-day moving average for ADA.X crossed bearishly below the 50-day moving average on January 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 53%. Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%. The Aroon Indicator for ADA.X entered a downward trend on January 30, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Short
by Serhii_Bond