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BTCUSD: Short Term Market Analysis for 11/05/24.*** This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision. *** This is an update for the 15-minute BTCUSD chart. There was key resistance in the H4 timeframe, and it broke the low trend line of the pich fork. Price tested, the resistance area could drop to 68049. There is support for H4 timeframe. Price may bounce back from support 68189.0–67903.0. If it dips, then it may break yesterday low. The last green box is an order block, and it may retest.
COINBASE:BTCUSDShort
by avatarfreak
US30 Outlook: Bearish Below 41,970 Amid U.S. Election VolatilityUS30 Technical Analysis Sustained stability below 41,970 will reinforce the bearish trend, potentially driving the price toward 41,750. Further stability below this level could extend the decline to 41,560. Bearish Scenario: A firm hold below 41,970 signals a continuation of the bearish trend, with targets at 41,740 and subsequently 41,560. Bullish Scenario: Conversely, a breakout above 42,130 would indicate a shift to a bullish trend, aiming for 42,290 and 42,450. Key Levels: Pivot Point: 41970 Resistance Levels: 42130, 42290, 42450 Support Levels: 41750, 41560, 41340 Trend Outlook: - Bearish by stability below 41970 - Bullish by breaking above 42130 previous idea:
OANDA:US30USDShort
by SroshMayi
Markets Slip Amid Election Uncertainty &Fed Rate Cut ExpectationTechnically: As long as the price trades under 20130 it means will try to touch 19950, and then should break that to continue the trend toward 19860 and 19730, Bearish Scenario: While trading below 20130, the price may attempt to reach 19950 and 19860. A break below 19740 would pave the way for further declines toward 19520. Bullish Scenario: Stabilization above 20130 would open the path to 20240. Further strength above this level could create a bullish zone targeting 20420. Key Levels: Pivot Point: 20130 Resistance Levels: 20240, 20330, 20420 Support Levels: 19950, 19860, 19740 Trend: - Bullish above 20130 - Bearish below 20110 Markets Slip Amid Election Uncertainty and Fed Rate Cut Expectations: U.S. stock indexes slipped in choppy trading on Monday as investors braced for a pivotal week with the U.S. presidential election and a potential Fed rate cut. Uncertainty lingered, with no clear winner expected immediately between Kamala Harris and Donald Trump. "Trump trades" weakened as polls showed Harris leading in Iowa, causing drops in the dollar, bond yields, and Bitcoin. Harris' odds improved on key betting sites, closely watched by market participants.
OANDA:NAS100USDShort
by SroshMayi
1
Price Action - HFCLCurrent Price Action The stock has recently shown a bounce back movement from its support trendline, indicating potential strength and buyer interest. The recent high-high and high-low formations suggest strong interest in the stock, coupled with an increase in volume, which can be a bullish sign. Volume and Momentum Increased volume during the recent bounce back suggests strong participation and interest from buyers, which is a positive sign. Growth Perspective and Fundamental Analysis Product Portfolio and Diversification HFCL Ltd. has a diverse product portfolio including Optical Fiber Cable (OFC), WIFI solutions, cloud-based network management systems, and more. This diversification reduces dependence on a single product and enhances growth potential. The company serves multiple sectors such as telecom, defense, railways, utilities, and security & surveillance, both in the private and government sectors, which provides a stable and growing revenue base. Conclusion From a price action trading perspective, HFCL Ltd. shows signs of potential upside with the recent bounce back from support levels, increased volume, and bullish technical indicators. However, it is important to monitor the short-term bearish signals and adjust trading strategies accordingly.
NSE:HFCLLong
by stocktechbot
Gold is consolidating in a narrow range, and the market is waiti Gold prices retreated slightly in the early trading, reaching a low of around $2724-25, but quickly recovered the lost ground. Voting for the general election has begun, and the preliminary results are expected to be announced at noon tomorrow. Taking previous elections as an example, the official results may take several days or longer, which is expected to further exacerbate market volatility. Therefore, no matter how you operate, you need to strictly stop losses. After the morning decline, in principle, you need to go short once in the afternoon, and the position of the short should not be too high. The pattern of the early trading belongs to the support sideways weakening break. From the perspective of the market, the continuous low point test has been touched many times. The more tests are made, the less meaningful the support is, and the greater the probability of breaking. Under the general election, light positions are arranged. The high point of 2737 in the afternoon is the boundary between strength and weakness. If it breaks again, the arranged 2735-36 short positions need to be adjusted. Today, the retracement time is set to around 4 o'clock in the European session. Once it breaks through 2730 again, it is expected to test 2720-18, which happens to be the target position for short positions and also the position for long positions to consider layout! For the past two days, we can only wait and see. Avoiding risk events is a safe strategy. What this market lacks the most is opportunities! Be patient and wait!
FXOPEN:XAUUSDShort
by Yuliya1l11
1
GOLD - USD - 15 min. - Technical analysis published on 11/04/202My analysis The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at 2,743.65 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2,725.02 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,714.54 USD as an objective. Crossing it would then enable sellers to target 2,695.91 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend
OANDA:XAUUSDShort
by abouel
USDJPY InsightHello, subscribers! Please share your personal opinions in the comments. Don't forget to boost and subscribe! Key Points - October 31: The Bank of Japan decided to keep interest rates unchanged. Governor Ueda mentioned that real interest rates are currently very low and added that they will raise policy rates as economic and price outlooks improve. - Iowa Polls: Following news that Harris is leading within the margin of error in Iowa, where Trump had a lead, we’re seeing a reversal in the "Trump trade." - November FOMC: The Federal Reserve is expected to implement a 25 basis point rate cut in this month’s FOMC meeting. - OPEC: OPEC and OPEC+ have postponed their production increase plans once again. Key Economic Indicators - November 5: U.S. Presidential Election, Reserve Bank of Australia rate decision - November 7: Bank of England rate decision - November 8: FOMC meeting results announcement USD/JPY Chart Analysis Although the Bank of Japan kept rates steady, hawkish remarks were made during the subsequent press conference, contributing to dollar weakness and yen strength, along with the "Trump trade" reversal. Currently, the price is forming around the 152 line. There’s a possibility of a further pullback to the 149.500 line; however, in the broader perspective, the likelihood of a rise to the 158 line is stronger. With the FOMC meeting and U.S. election this week, major factors will be in play. If the market direction shifts, I’ll swiftly adjust strategies.
Long
by shawntime_academy
ETH/USD Potential Rebound from Bullish Trendline, Target $6,000This analysis focuses on COINBASE:ETHUSD price movement in the daily chart, highlighting a strong bullish trendline pattern. Currently, Ethereum's price is forming higher lows, indicating strength in the ongoing upward trend. The price is approaching the trendline, signaling a potential rebound that opens up bullish opportunities. If the price successfully bounces off the trendline, the profit target is set at the psychological level in the range of $3,500 to $6,000. However, if the price breaks below the trendline, this bullish signal will be considered invalid. The stop loss is placed at the psychological level of $2,200 or if the price breaks below the trendline.
COINBASE:ETHUSDLong
by DNP-FX
GOLD 05/11 OTE Order Block (OB) Zone: The chart indicates a strong resistance level in the red-shaded area labeled "-OB" around 2,750. This zone signifies a potential reversal or strong selling point if the price reaches there, aligning with an Overbought Trigger Event (OTE). OTE Zone: This Optimal Trade Entry (OTE) zone is marked in blue below the OB zone. It’s a significant level, usually associated with retracement and an ideal entry for short positions if price action confirms resistance. Support Levels: The green lines around 2,727 and lower levels indicate multiple support areas. They suggest potential bounce points if the price declines, aligning with the Fibonacci
OANDA:XAUUSDShort
by Engineer2008