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DOW JONES Bottom is being formed. Buy for 44000 immediate TargetDow Jones (DJI) eventually made a bullish break-out on our last analysis (October 08, see chart below) and hit our 43200 invalidation Target: The 3-month Channel Up is still holding and the price is now on the 4H MA200 (orange trend-line) and near the bottom (Higher Lows trend-line) of the pattern. The 4H RSI has completed a bottoming sequence similar to the September 11 Higher Low. As long as the 1D MA50 (red trend-line) supports (closes 1D candles above), this will be a buy opportunity. Our Target is 44000, which is the 1.236 Fibonacci extension, similar with the previous Higher High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
GOLD - Price can exit from pennant and then start to declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago price started to decline inside falling channel, where it at once reached $2645 level and broke it. Then price rose to resistance line of channel, after which bounced and continued to decline in channel. Later it reached $2645 level, broke it, and fell to support line, but soon made upward impulse and broke $2645 level again. Also, price made gap exited from falling channel and continued to grow inside pennant, where it reached $2720 level. Gold broke this level and rose to resistance line of pennant pattern, but recently fell to support line and made a gap. I think that price can rise a little, exiting from pennant, and then fall to $2700, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
4
WLD → The bottom in the coin is formed. Readiness... BINANCE:WLDUSDT is confidently trading within the ascending channel. Bulls are aggressively guarding the area of ascending support. At the moment, the price is changing the local market structure into a bullish one, which may become a prerequisite for further growth The focus is on the 2.053 zone, which divides the market plane into bullish and bearish. After forming a rebound and consolidation, the price breaks the resistance and tries to consolidate above the level, which, at the moment, is already acting as support. If the bulls are able to hold their defenses above this area, the coin can easily reach the mentioned targets on the background of the rising bitcoin, which can have a favorable impact. Support levels: 2.053, 1.883, 1.787 Resistance levels: 2.325, 2.533 Technically, we have a bullish trend and resistance breakout, which can be considered as a buyer's willingness to go higher. Accordingly, the strong zone of 2.053 may provide strong support for the price Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:WLDUSDT ;) Regards R. Linda!
Long
by RLinda
2
Bitcoin massive sell coming just after America election My people my people bitcoin will make a new high before or during USA election day, if trump wins the election (which he will not win) it will keep going higher but the moment the election results comes out that trump lost the election the whole crypto market will crush down so be warned and be prepared..... before the election day will show you the new bitcoin high and after results will show..... You all what happens next FX
COINBASE:BTCUSDShort
by BALE_FX
2
EUR/GBP SHORT Looking into this pair I believe that due to my analysis this shows signs of a clear short incoming. Fundamentals have pointed out that the banks and institutions are long in favour of the GBP which offers higher rates for exchanges, as well as remaining table though its news releases of PMI, Inflation and Employment numbers. The EUR seeming trades well this season over the past 15 years however today this is showing signs that it is declining and no where near the seasons previously. Institutions such as banks and funds as of last Tuesday have repositioned their thesis into the GBP being the stronger suitor and there for have large LONG positions on the GBP compared to the EUR which they have sold off, or shifted their leverage to a mainly SHORT position. Monitor the charts and we could see a nice entry criteria to meet our thesis and short this pair lower.
Short
by CLMW-Trading
2
#WTI Crude Oil 4-HWTI Crude Oil 4-Hour Analysis WTI Crude Oil is trading within a falling channel on the 4-hour chart, currently finding support at the channel's lower boundary. This support level could provide a potential buy opportunity, especially if bullish momentum builds. Additionally, a breakout above the channel's upper resistance line would signal further upside, opening the door for more buy entries. Technical Outlook: - Pattern: Falling Channel - Forecast: Bullish (Buy Opportunity) - Support Level: Channel lower boundary - Further Opportunity: Buy more if resistance breakout occurs Traders may look to enter buy positions at the channel support and consider adding to positions if a breakout above the upper resistance confirms additional bullish momentum. Indicators like RSI for oversold conditions or MACD for bullish crossovers can provide extra confirmation before entering.
BLACKBULL:WTILong
by PIPSFIGHTER
JD.com Jumped. Will it Jump More?JD.com jumped recently, and some traders may see potential for further upside. The first pattern on today’s chart is the dramatic rally between September 20 and October 7. The Chinese e-commerce company has shown signs of stabilizing above a 50 percent retracement of the surge, which may confirm its direction is now pointing higher. Second, the pair of weekly lows around $38.75 on October 17 and October 24 may indicate that new support has been established at higher levels. They’re also near the 21-day exponential moving average. Third, stochastics are turning up from an oversold condition. Fourth, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA last month. That may suggest a longer-term uptrend has begun. Next, yesterday’s close was the highest since the first half of October. Are buyers coming back after a brief pause? Finally, Chinese stocks have advanced recently on hopes of fiscal stimulus. Traders may anticipate further details with lawmakers holding important meetings next week. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:JD
by TradeStation
GBPCHF Nearing The Bearish SetupGBPCHF Nearing Completion of Bearish Harmonic Pattern Today, the economic calendar was empty, yet GBP displayed unusual bullish moves. Considering that the price is near a strong zone where it has been rejected several times, the odds are that GBPCHF may move down again. If the pattern completes, the price could drop from 1.1300. Then Target 1st Traget 1.27000 2nd Target 1.24000 2rd Target 1.21000 However, given CHF's long-term strength, it's possible the price might decline even before the pattern's completion. You may find More Details in the chart 📈 PS Share your opinion here Thanks you ❤️
Short
by MR_JOFRA
Dogecoin Huge Breakout - $1 Moonshot Ahead! DOGE Coin CRYPTOCAP:DOGE has just completed a powerful technical breakout after bouncing off strong support, surging beyond its long-standing consolidation channel. This move signals a potential start of an exciting bullish trend that traders and investors have been eagerly awaiting. The breakout has been confirmed by significant volume, adding credibility to the potential for further gains in the coming days. The growing hype around MEME Coins is providing additional momentum for $DOGE. With widespread community enthusiasm and continued support from influential figures like Elon Musk, the coin could see rapid upward movement. The upcoming U.S. elections might also act as a catalyst, influencing CRYPTOCAP:DOGE ’s price action as broader market sentiment plays a role. In terms of price targets, CRYPTOCAP:DOGE is currently eyeing $0.20 in the short term. For the mid-term, traders should watch for potential moves toward $0.50, while long-term expectations are set around the highly anticipated $1 mark. With such high targets, CRYPTOCAP:DOGE may see explosive gains, but as always, risk management is crucial. Setting a proper stop loss is essential to protect against volatility, ensuring you ride the wave while keeping your capital safe. Given the strong technical breakout and current market conditions, something big seems to be on the horizon for $DOGE. Buckle up, because the next move could be massive!
Long
by GreenCryptoTrades
1
Bitcoin Bullish = Solana Bullish? Cancel The Short?Compare Solana's trading volume from September through November 2023, vs August through October 2024. ➖ Between September-November 2023, we have rising volume and this precedes a strong bullish wave. ➖ Between August and October 2024, we have decreasing volume and this is a bearish development and can precede bearish impulse. Should I cancel my short? The way we trade, is based on numbers. We develop a set of numbers based on support and resistance levels that we extract using a chart. We determine the main market direction by looking at the current trend based on price action. If the market is moving down, the main direction is bearish and we use this to define the higher probability scenario. When the market is bearish, the logical position to take is a SHORT. If the chart changes, we can close this short, take the loss and move on. If market conditions stay the same, we simply wait. Solana (SOLUSDT) continues bearish, moving below resistance and aiming lower toward support. Market conditions for Solana have not changed. Leveraged trading is for experts only. This is not financial advice. Thank your for reading. Namaste.
Short
by AlanSantana
6
McDonald's (MCD) Stock Trades Below $300McDonald's (MCD) Stock Trades Below $300 Ahead of Earnings Report The $300 level has proven psychologically significant for McDonald’s (MCD) stock: → In summer 2023, bullish investors failed to push the price above this mark, leading to a decline from $298 in July to $246 by October. → Again, in January 2024, the price briefly surpassed $300 but quickly dropped, eventually falling to $245 by July. This autumn, it appeared the level had been breached when an uptrend (highlighted by the blue channel) lifted MCD above $315. However, reports of customer food poisoning incidents hit the news, causing MCD’s stock to plummet to $295 on October 23, making the orange channel more prominent in the technical analysis. Analysts have subsequently downgraded McDonald’s ratings: → Guggenheim’s Gregory Frankfort downgraded MCD from “Buy” to “Neutral” on October 23, setting a target price of $285. → Baird’s David Tarantino followed suit, lowering his rating from “Outperform” to “Neutral” and adjusting his price target from $320 to $290. Will MCD stock be able to reclaim the $300 mark? Much hinges on the company’s earnings report due out today, with analysts forecasting: → Quarterly earnings of $3.20 per share, a slight rise from last year’s $3.19 per share. → Quarterly revenue at $6.82 billion. If investors react negatively to the report, it could push MCD below the critical $300 level and trigger a bearish break in the uptrend established since July. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:MCD
by FXOpen
1
NZDUSD Bullish Bias on October 29, 2024: Fundamental Analysis !Overview: NZDUSD Daily Analysis with Slight Bullish Bias on 29/10/2024 As of October 29, 2024, the NZDUSD (New Zealand Dollar to US Dollar) currency pair shows a slight bullish bias. This outlook is driven by a combination of factors, including recent economic data releases, interest rate expectations, and external influences on both the New Zealand and U.S. economies. In this analysis, we'll look at the critical fundamental drivers affecting NZDUSD today and explore why a bullish trend could be more favorable. Key Drivers for NZDUSD Bullish Bias 1. Strong New Zealand Economic Indicators - Recent data releases from New Zealand have shown resilience in GDP growth, robust employment numbers, and strong retail sales figures. These economic indicators collectively suggest that the New Zealand economy is maintaining a steady recovery trajectory. - The Reserve Bank of New Zealand (RBNZ) has emphasized stability in its interest rate policies, which lends some support to the NZD in the near term, especially as the markets anticipate other global currencies might experience higher volatility. 2. Dovish Tone from the Federal Reserve - The Federal Reserve's current stance has been notably cautious. Although inflation has shown signs of moderation, the Fed is maintaining a watchful approach toward interest rate hikes, which has softened USD demand. - With Federal Reserve members expressing concerns over slower growth, the likelihood of further rate increases seems limited, which could weigh on the U.S. Dollar’s strength, creating favorable conditions for NZDUSD. 3. Market Sentiment and Risk Appetite - Risk sentiment remains an influential factor for NZDUSD, as the New Zealand Dollar is often viewed as a “risk currency.” Recently, global markets have seen heightened interest in risk assets as investors seek higher returns, which typically benefits the NZD. - Stock market trends also point to a cautious risk-on sentiment today, supporting currencies like the New Zealand Dollar over safe havens, including the USD. 4. Commodity Prices and the Impact on NZDUSD - As a commodity-linked currency, the New Zealand Dollar often correlates with commodity prices. The slight uptick in dairy prices—a primary export for New Zealand—has bolstered the currency, offering additional support against the USD. Technical Factors Supporting NZDUSD On the technical front, NZDUSD is showing strong support levels around the 0.5900 mark, with a potential resistance near 0.6050. This support-resistance band aligns with current market sentiment, allowing room for potential upside movement. A breakout above the resistance level could confirm the bullish bias and potentially attract more buyers. Conclusion: Why Today’s Market Conditions Favor NZDUSD The current market conditions and fundamental indicators suggest that NZDUSD may see a slight bullish bias throughout October 29, 2024. New Zealand's strong economic outlook, combined with the Fed’s cautious tone and positive risk sentiment, all contribute to a favorable environment for the New Zealand Dollar. However, traders should monitor any breaking news that could shift market sentiment and potentially affect NZDUSD. --- Seo-Keywords: 1. NZDUSD analysis 2. NZDUSD forecast 3. New Zealand Dollar outlook 4. Forex trading strategies 5. NZDUSD bullish trend 6. Federal Reserve impact on USD 7. NZDUSD technical levels 8. Forex market insights 9. October 2024 NZDUSD
Long
by PERFECT_MFG
1
USDCAD📈 USD/CAD Trade Plan 📈 Looking to trade USD/CAD? Here’s a quick setup: • Entry Zone: Target 1.3880–1.3890 for an entry near recent support. • Stop Loss (SL): Place SL at 1.3850, protecting against short-term volatility. • Take Profit (TP): • TP1: 1.3920, aligning with recent resistance. • TP2: 1.3950 for extended gains if the trend remains strong. 🎯 Market Context: • USD is strong due to positive economic indicators, while the Canadian dollar faces pressure amid expected BoC rate cuts. Upcoming U.S. inflation and Canadian job data could introduce volatility, so stay updated!
Long
by azizy73
1