XAUUSD Geopolitical Tensions❤️Forex Besties❤️
INFORMATION
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.
💲BUY GOLD 1980-1975 💲
SL @ 1970
TP 1 @ 1985
TP 2 @ 1990
TP 3 @ 2000
💲SELL GOLD 2013-2017 💲
SL @ 2022
TP 1 @ 2007
TP 2 @ 2000
TP 3 @ 1993
Everyone success..👍👍👍
❤️FOREX BESTIES WEB - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
Gold price attracts some buyers amid sliding US bond yields and subdued USD price action.
❤️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
Technicalindicators
AMZN to $1881HR Chart
Amazon ( NASDAQ:AMZN ) has developed a bullish flagpole formation that is more easily seen on the hourly charts. This may serve as a continuation pattern that will launch AMZN to a 52 week high of $188 -- a level that hasn't been tested since July of 2021. Fibonacci retracement levels for the current trading pattern support the $188 ceiling as this value rests near the 168.1% level.
On-Balance Volume (OBV) has a positive slope which suggests that bullish investors are outpacing the bears. I also recently began using the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicators. While my experience with RSI and MACD is limited, the RSI appears to be approaching a bearish crossover before the MACD crosses above its signal line. I interpret this as a possible correction to the pennant support line (the 4th leg) with a near immediate recovery.
1D Chart
A share price in the $180s should be carefully watched as this level has been a significant area of resistance in the past. As tempted as I am to suggest it may be forming a double top, the middle trough dipped too low and it appears that AMZN may be trading in a horizontal channel. If AMZN surpasses the $188 price ceiling with significant volume then a 12 month price target of $250 is pragmatic. Should the opposite occur then a 12 month target of $80 could also be expected.
GMT after forming inverse Head & Shoulders is going upGMT after forming inverse Head & Shoulders is going up.
🔵Entry Zone 0.2712 - 0.2618
🔴SL 0.2479
🟢TP1 0.2924
🟢TP2 0.3289
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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ENJ after the pullback can continue the uptrend ENJ after the pullback can continue the uptrend. It might get rejected from 0.3200 and continue to go up.
🔵Entry Zone 0.3086 - 0.3201
🔴SL 0.2902
🟢TP1 0.3455
🟢TP2 0.3709
🟢TP3 0.3975
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments.
DAC: Navigating Opportunities in the Maritime Shipping SectorDanaos Corporation (NYSE:DAC) , one of the world's largest independent shipowners specializing in container shipping, represents an attractive investment opportunity in light of the sustainable recovery and growth of global trade post-COVID-19 pandemic.
The company owns and operates one of the world's largest fleets of container ships, allowing it to benefit from increasing volumes of international trade and the growing demand for maritime transport. Thanks to strategic fleet management and operational efficiency, Danaos demonstrates strong financial results, strengthening its market position.
In recent years, the company has actively worked on modernizing and expanding its fleet, investing in environmentally friendly and energy-efficient vessels. This not only improves Danaos' environmental profile but also enhances its competitiveness, considering increasingly strict international emission standards in the maritime industry.
The growing demand for maritime transport, combined with the limited increase in new vessels in the global fleet, creates favorable conditions for rising freight rates and improved profitability for Danaos. The company also benefits from long-term charter contracts, providing a stable revenue stream and visibility of future cash flows.
However, investors need to consider the risks associated with volatility in the maritime shipping sector, including fluctuations in freight rates, changes in international trade policy, and potential environmental regulations. Despite these challenges, Danaos possesses strong strategic positions and operational efficiency to navigate through market fluctuations.
In conclusion, Danaos Corporation presents an investment opportunity for those seeking exposure in the maritime shipping sector, which shows signs of sustainable recovery and growth. With its leading market positions, modernized fleet, and strategic focus on energy efficiency, DAC may offer investors attractive growth prospects.
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
SELL NZDJPY Bearish ChannelThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing downward pressure and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Bearish Channel: The price has been trading within a downward-sloping channel defined by two converging lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure.
Sell Entry: Consider entering a short position around the current price of 89.95, which sits close to the channel resistance. This could offer an entry point near a potential reversal point.
Target Levels: Initial bearish targets lie at the support levels of 89.30 and 88.92, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 90.30. This helps limit potential losses if the downtrend breaks unexpectedly.
Fundamental Updates :
JPY - Service PMI - Now comes with Positive data.
Weaker New Zealand Business PMI: Recent data showed a decline in New Zealand's Business PMI for January, raising concerns about the country's economic health and potentially weakening the New Zealand Dollar (NZD).
Tesla gap fill in the cards
NASDAQ:TSLA has a gap from $210 that needs to be closed.
This is a speculative trade as $180 has acted as a historic support as well as resistance. Also, stochastics say it's oversold although I think it's got more room to fall in the coming year.
There are many innovative companies taking the spotlight and NASDAQ:TSLA seems to have suffered by falling out of favor with some traders as they may prefer NASDAQ:NVDA or NASDAQ:AMD or NASDAQ:AVGO . All three are rapidly increasing their market caps.
I suspect a gap close before heading lower. There is a gap on the daily time frame but it's not shown here.
If for some reason it holds this channel then maybe we even test $240 again.
SOL.X in +7.86% Uptrend, rising for three consecutive days on JaMoving 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 244 of 336 cases, the price rose further within the following month. The odds of a continued upward trend are 73%.
CRYPTOCAP:SOL
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 69 of 108 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 36 of 54 cases over the following month. The odds of a continued upward trend are 67%.
SOL.X moved above its 50-day moving average on January 26, 2024 date and that indicates a change from a downward trend to an upward trend.
SOL.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The 10-day RSI Indicator for SOL.X moved out of overbought territory on December 27, 2023. 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 40 similar instances where the indicator moved out of overbought territory. In 30 of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at 75%.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The 10-day moving average for SOL.X crossed bearishly below the 50-day moving average on January 25, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 14 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 79%.
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 67%.
The Aroon Indicator for SOL.X entered a downward trend on January 29, 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.
High-Potential Investments in the Medical Marijuana SectorShares of Innovative Industrial Properties, Inc. (NYSE:IIPR) , a leader in real estate investment for the medical marijuana industry, represent a high-potential investment opportunity. In the context of the rapid growth and legalization of medical marijuana in many regions, IIPR occupies a unique position in the market, providing the necessary infrastructure for producers.
Analysts note that IIPR has a robust portfolio of properties leased to companies specializing in the cultivation and distribution of medical marijuana. This ensures a stable and predictable revenue stream through long-term lease agreements.
The company also stands out for its strategy of actively expanding its portfolio, acquiring and developing properties in new and growing markets. This expansion allows IIPR not only to increase its revenue but also to diversify risks associated with legislative and market dynamics.
Furthermore, IIPR benefits from its status as a REIT (Real Estate Investment Trust), which offers tax advantages and requires the distribution of most of its income to shareholders in the form of dividends. This makes IIPR shares particularly attractive to investors seeking regular income.
Considering these factors, IIPR presents an attractive investment opportunity, combining stable rental income with growth potential in the rapidly developing medical marijuana sector. Investors interested in diversifying their portfolio and exploring opportunities in new industries should consider IIPR as a promising investment direction.
Riding the Waves: Mastering Trendline Trading in Forex and Gold
Riding the Waves: Mastering Trendline Trading in Forex and Gold 📈✨
✅Trading with trendlines is a fundamental technique in the world of forex and gold trading. Trendlines help traders identify the direction of the market and potential entry and exit points based on the prevailing trend. In this comprehensive guide, we will explore the art of trading trendlines in forex and gold, providing actionable examples to illustrate their application.
Please, check this falling trend line on GBPUSD.
First, it was a strong resistance.
After a breakout it turned into support
✅ Mastering Trendline Trading:
1. Drawing Trendlines: Traders can draw trendlines by connecting swing highs in a downtrend or swing lows in an uptrend. These lines act as dynamic levels of support and resistance, guiding traders in identifying potential reversal or continuation points.
2. Trendline Breakouts: A breakout above or below a trendline can signal a potential shift in the prevailing trend, offering traders an opportunity to capitalize on emerging market dynamics.
3. Multiple Timeframe Analysis: Combining trendlines across different timeframes can provide a holistic view of the market trend, enabling traders to make more informed trading decisions.
Take a look at this trend line,
it is a strong vertical resistance.
You can sell the market once it approaches that.
✅Examples:
Example 1: Trendline Bounce in Forex
In a currency pair chart, if the price repeatedly bounces off an upward-sloping trendline, it indicates a strong bullish trend. Traders can consider entering long positions when the price retests the trendline and shows signs of continuation.
Example 2: Trendline Breakout in Gold
Suppose the price of gold breaks below a descending trendline that has been acting as resistance. This breakout may signal a potential downtrend, prompting traders to consider short positions or monitor for further confirmation of the new trend direction.
Look at this solid trend line on AUDUSD.
Probabilities will be extremely high that the price will drop from that
Mastering the art of trading trendlines in forex and gold can equip traders with a valuable tool for interpreting market trends and making informed trading decisions. By integrating trendline analysis into your trading approach, you can ride the waves of market dynamics and enhance your trading proficiency. Happy trendline trading! 📉🌟
CARDANO|Price return from important resistance areaCardano failed to break the last high, and the resistance zone did its job well, preventing the price from growing further.
With the return of the price, we see the formation of a double-top pattern. If the selling pressure is to the extent that it breaks the support area downwards and confirms the price pattern, we expect the price to experience the price area of 0.4425 and then the price of 0.3877.
As Expected, We Have Our Pullback! Now We Watch This Closely.Traders,
As predicted a few weeks ago, altcoins have finally met their downside target of 10-15% (see links to related ideas). But this move down will not confirm further downside unless/until we have confirmation to the underside of our current channel. We have to watch that bottom support closely along with the support on our RSI chart. Should one of them break and the price remain on the underside tomorrow through Friday, this can be further indication that more pullback may occur.
This is the healthy correction that I have been waiting patiently for and I am glad to see it.
Stay tuned.
Stewdamus
Understanding Technical IndicatorsTrading indicators are essential tools for traders and investors to analyze and interpret financial market data. These indicators, derived from mathematical calculations based on price, volume, or open interest, etc, aid in visualizing market trends, momentum, and potential reversals. They serve as an additional layer of analysis, offering a structured and objective way to understand market dynamics.
Understanding Trading Indicators
1.1 Definition : Trading indicators are graphical tools derived from price, volume, or open interest data. They help in identifying market trends, momentum, volatility, and possible trend reversals.
1.2 Types of Trading Indicators :
Trend Indicators : These indicators, such as Moving Averages (MA), Moving Average Convergence Divergence (MACD), and Ichimoku Cloud, help in determining the direction and strength of market trends.
Oscillators : Tools like the Relative Strength Index (RSI), Stochastic Oscillator, and Commodity Channel Index (CCI) measure overbought and oversold market conditions.
Volume Indicators : Indicators such as On-Balance Volume (OBV) and Volume Weighted Average Price (VWAP) use trading volume data to confirm price movements.
Volatility Indicators : These, including Bollinger Bands and Average True Range (ATR), assess the degree of price fluctuation in the market.
Utilizing Trading Indicators
2.1 Trend Following Strategy : This approach involves capitalizing on the continuation of established market trends. Indicators like the Fourier Smoothed Stochastic (FSTOCH) help detect and follow these trends, providing smoother signals and filtering market noise for more accurate decision-making.
2.2 Mean Reversion Strategy : Contrary to trend following, mean reversion strategy focuses on price corrections when they deviate significantly from historical averages. The Bollinger Bands Percentile (BBPct) is a mean reversion indicator that uses Bollinger Bands to identify potential price reversals, indicating when an asset is overbought or oversold.
Comparing Trend Following and Mean Reversion
3.1 Key Differences :
Direction : Trend following identifies and exploits established trends, whereas mean reversion focuses on price reversals.
Risk Profile : Trend following is typically higher risk due to the challenge of timing, while mean reversion is considered less risky as it banks on imminent price corrections.
Market Conditions : Trend following excels in trending markets, while mean reversion is more effective in range-bound or sideways markets.
3.2 Combining Strategies : Using both strategies together can provide a more comprehensive market view and reduce reliance on a single approach. Mean reversion indicators can confirm trend reversals identified by trend-following indicators, while the latter can help avoid premature exits in mean reversion trades.
Binary and Discrete Indicators
4.1 Binary Indicators : These indicators, like the Alpha Schaff, offer clear, binary (yes-or-no) signals. They are ideal for straightforward decision-making, indicating when to buy or sell.
4.2 Discrete Indicators : Unlike binary indicators, discrete indicators, such as the Average-True-Range, provide a range of values, offering more nuanced insights into market conditions.
The Importance of Using Both Types of Indicators
Combining binary and discrete indicators equips traders with a broader perspective on market conditions. While binary indicators provide clear entry and exit points, discrete indicators offer detailed insights into the strength of market trends and potential turning points. This combination enhances decision-making by enabling traders to cross-reference signals and identify high-probability trading opportunities.
Conclusion :
In the dynamic world of finance, trading indicators are invaluable for providing insights into market trends, momentum, and conditions. Utilizing a combination of trend following, mean reversion strategies, and both binary and discrete indicators, traders can develop a comprehensive and effective toolkit for navigating financial markets successfully.
COACH VS BOSS / RECOGNIZING COACH FORMATION ON CHART 📊Hello Traders!
I want to show you the importance of Coach formation in trading, and how to recognize this formation on a chart.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
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COACH VS BOSS / RECOGNIZING BOSS FORMATION ON CHART 📊Hello Traders!
I want to show you the importance of Boss formation in trading, and how to recognize this formation on a chart.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
Pullback in $NVDA forthcoming.$NVDA:1D
+27% since June 1, 2023 and well positioned for a pull-back down to the 460 price region (yellow horizontal line).
Signal is just coming out of overbought on 1D RSI.
Bear tombstone doji followed by bearish outside bar.
Volume flows (vfi) remain positively constructive which could blunt the extent of downside price action.
Not financial advice.
NIFTY INTRADAY LEVELS FOR 11/12/2023BUY ABOVE - 21000
SL - 20960
TARGETS - 21080,21180,21240
SELL BELOW - 20850
SL - 20900
TARGETS - 20800,20740,20690
NO TRADE ZONE - 20850 to 21000
Previous Day High - 21000
Previous Day Low - 20850
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
$BTCUSD Approaching Monthly Liquidity level - LONGMonthly Liquidity Level (MLL) : BTCUSD is currently approaching a critical Monthly Liquidity level at 39965, historically significant for its role as support or resistance.
Anticipated Increase : An expected 5.6% surge within one candle is predicted. This surge is considered a precursor to the initiation of a long-awaited Bull Cycle.
Long-Term Target: The analysis sets a bullish target at 131k, suggesting a sustained upward trend beyond the immediate surge.
Probability Indicator : Recent market activity indicates a substantial inflow of capital over the past few days. This positive money flow is a bullish signal.
Volatility Assessment : Volatility has remained stable leading up to the critical level. However, anticipation is for a spike in volatility, especially with the liquidation of short positions at 39965.
Risk Factor : Traders should exercise caution as predicting price movements, especially in cryptocurrency markets, involves inherent risks. It's crucial to monitor the situation closely and be prepared for unexpected market reactions.
This analysis combines key technical elements, emphasizing the significance of the Monthly Liquidity level, anticipated price movements, and the interplay of volatility and market sentiment. Always consider risk management strategies when acting on technical analyses.
ALT Season Is Starting - Total Market Cap 2MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
This video and chart helps show you ALT Season is about to start.
The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money .
Do NOT miss out on this coming bull market
CryptoCheck Team