Community ideas
AUDJPY potential Buy-to-Sell setupHere at Burnt Candle, we are Bearish for the long haul, however, we might still see price pushing up to our sell area of interest. In the meantime, we would also like to take advantage of the push to the upside if it reaches our buy area of interest.
Remember, clear charts better vision.
Maximize Gains with AAPL: Key Levels and Insights for Next Week
- Recent Performance: Apple Inc. (AAPL) has shown remarkable resilience in the
technology sector, reaching an all-time high of $255 recently. This upward
movement underscores the strong investor confidence, driven largely by
robust earnings and a promising outlook despite mixed broader market
sentiments.
- Key Insights: AAPL continues to navigate critical resistance levels
effectively. The key price resistance currently stands at $255, and should
this level be exceeded, analysts believe the price could target $260. The
upcoming iPhone 16 launch is poised to further bolster investor confidence
and foster a positive sentiment towards the stock.
- Expert Analysis: Market experts maintain a bullish outlook on AAPL,
highlighting the importance of maintaining above the $246 support level. If
AAPL can hold this critical support, the stock may set itself up for a rally
as it targets higher resistance levels. The prevailing sentiment within the
tech sector suggests that AAPL, alongside other front-runners like Nvidia,
may lead potential breakouts in the near term.
- Price Targets:
- Next week targets: T1 = $260, T2 = $265
- Stop levels: S1 = $246, S2 = $243
- News Impact: The high anticipation surrounding the launch of the iPhone 16,
with expectations of over 90 million units sold, adds a layer of excitement
to AAPL’s growth prospects. Additionally, ongoing regulatory scrutiny in the
EU could influence market sentiments, making it essential for investors to
stay informed about impending developments that may affect stock
performance.
In conclusion, AAPL is well-positioned for growth, and traders should closely
monitor the outlined price targets and support levels as the company gears up
for significant product launches and navigates the evolving market landscape.
Bullish rise off 50% Fibonacci support?DAX40 (DE40) is currently reacting off the pivot which acts as a pullback support and could rise to the 1st resistance.
Pivot: 19,665.45
1st Support: 18,980.32
1st Resistance: 20,494.80
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDCAD Will Move Higher! Buy!
Please, check our technical outlook for USDCAD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.437.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.445 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
BTC.D ChartAs i mentioned in my previous analysis i expected BTC.D to have it's pull back to the inverse cup & handle pattern and midline of it's channel and we got a beautiful red inverse hammer from the resistance zone. Im expecting BTC.D to continue it's path to the lower numbers which will give alt coins some room to grow and a future alt season.
Market might give a bit more correction due to other charts which you can read on my profile, but don't get shaken out and buy the dips and you'll thank me later.
The Giga cycle is upon us.
DYOR
Goodluck
BTCUSD- Here comes the buying opportunityHello dear friends here is my first idea about Bitcoin lets check and share your ideas about my chart.
I have found a big move about bitcoin it can go long again further details are given you can view my chart.
Note if bitcoin breaks the Resistance you can stay in long till the given target .
Technical Targets are,
103000-105000-107000
Key points ,
Resistance zone 99000
Support zone 92000
Demand zone 107000
AUDUSD SHORT - (Short + medium term direction prediction)Higher Timeframe trend = Sell
Retail trader bias = Buy
Institutional bias = Sell
Short term target = retail trader stoploss zone
I would like to clarify that I dont trade with extended targets like the secondary and tertiary ones marked. This might be handy for people who leave runners on their trades.
Also keep in mind that I am only providing my own SUBJECTIVE potential target levels here. The best thing to do would be to drop down to lower timeframes and look for good areas of value to enter that are part of your own plan.
S : -7
C : 26,74 - 56,44
R : 73,27
Gold Spot (XAUUSD) 4H Chart AnalysisOur Preference
Double Top Formation
The 4-hour chart of Gold Spot (XAUUSD) shows a classic double top pattern, indicating a potential bearish reversal. The resistance at the double top is marked
clearly around the 2629 level.
Key Levels:
Double Top Resistance: 2629
Stop Loss (SL): Set slightly above the resistance at 2,662 to manage risk.
TP1: Around 2,617
TP2: Around 2,605
TP3: Around 2,583
The price breakdown below the neckline triggers short trade opportunities targeting TP1 through TP3. Monitor for any bullish attempts to regain momentum
that might challenge this setup. Always practice proper risk management while trading.
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
Please do not forget the like button, Share it with your friends,thanks, and Trade safe.
SILVER PULLBACK ANALYSIS (READ CAPTION)hi trader's. What do you think about silver.
Current price: 29.6680
Silver indicating a resistance zone between 29.6680 and 29.4568. historically. Trade to drive prices Towards the upside demand zone at 30.7100
Support zone: 29.6680-29.4568
Resistance zone: 30.7100
I placed the remaining target in the details in the chart
Please don't forget to like comment thank you for support