US
Possible Tesla bottomHey Trader,
please see my current idea on the Tesla Stock, where count suggests a possible bottom. This is due to the fact, that price action is currently moving in a flat correction. We already hit the first correctional target and are now off to the second one as marked on the chart.
Fundamentally, Tesla has reported impressive quarterly earnings over consensus. Musk also informed that Tesla is going to focus more on the Tesla Robot and that this will be next huge project for the firm. Investors sold their shares as first reaction to this news, which in my opinion was an overreaction. As Musk said, this could be a huge possibility for the Firm since Robotics can be the market of the future. I like the fact, that Tesla is not just going to be a Car Company and I am therefore bullish on the stock.
Please share your thoughts, for further information see below.
This is no financial advice.
RT
NASDAQ 100 CORRECTIONI think we can expect a reversal to the upside if can get a nice rejection from support.
Nasdaq can't drop more.
NASDAQ 100 TUESDAY REVERSALI think we can have a reverse to the upside if we don't break support.
Nasdaq already made correction, so we about to shoot back up.
Lets hope so.
US Dollar Bear Market This graph demonstrates the last 5 years.
In March of 20 US starting spending heavily on Covid.
In January 21 Biden enters and retains the same fed chair and the US $ improves.
In November 21 The signs of inflation look like they are not transitory the US $ peaks and begin a bear market.
Today we languish 95.50 in a downturn that should take us to minimum 92 and if really bad 90.
There is big money to be made in trading the dollar on the downside.
EUR/USD - Fall Scenario - lack of bullish momentumHello Traders
Here is a new SELL Scenario, lack of bullish momentum, waiting for US data releases.
💹EUR/USD SELL STOP
✅ Entry @1.13400 or below
✅TP-1# 1.13150
✅TP-2# 1.12850
✅TP-3# 1.12350
✅SL# 1.14200
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Read The market The market repeats its cycle again and this fluctuation of companies is quite normal
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In this cycle, the market behaves exactly like in the past and you just have to read the market
Pre-London Open Tuesday 06:21:14 (UTC) Tue Jan 11, 2022 Under a Biden administration plan, private insurers will have to pay for Covid-19 tests that can be bought over the counter starting Saturday. This is to make it easier for people to screen for infections and stop the spread of the Omicron variant of the virus. As of Monday, millions of people who have private health insurance can expect their insurers will pay for up to eight tests a month for each covered person. They will also be able to buy the tests at no cost through their insurance.
According to the new policy, people with private insurance will not have to pay for the tests like deductibles or coinsurance, and they won't have to pay for them either. Insurance would pay for 32 tests a month for a family of four who all had the same health plan. There are a lot of people in the Biden administration who want insurance and group health plans to work with specific stores and pharmacies so people can get free over-the-counter tests without having to pay up front or submit a claim for reimbursement.
NASDAQ 100 BIG MOVEI think that nasdaq 100 is going to jump back up
Firstly wait for stop hunt and then trade channel breakout to the upside.
(XAU) Gold Long ideaSince Gold was able to restest the 1834 level the shiny yellow metal has failed to surpass this area. There was a second rally to this level however the price was only able to reach the 1830 area before correcting. This near 2% correction could lead to lower levels, however due to the volitlyy that Gold has shown in the past, a retest of the $1810 area seems likely. The RSI levels on the 15m, 1hr, and 4hr time frame are all oversold which shows that there is room for XAU to rise from here. The stop-loss area for this trade is located just below the 1787 level, if this break then a short positon is advised.
SPX S&P500 Long IdeaAfter the release from the Federal Reserve last night US stocks and indcies fell after the news that the Fed plan to intrudcude rate hikes sooner than expected. This has caused the SPX to fall by 2.57% towards the low 4700 levels. This level has acted as support beforehand, this coupled with oversold RSI levels on the 4hr the time frame and the S&P500'S tenacity of late indicates to me that a rise back up to all time highs are likely. The stop-loss area for this trade is at 0.5%, to mitagte lossess incase the fundamental data that releases later on today push US stocks down.
Will the USD rally continue?At the moment the USD is significantly overbought and could roll over at any moment. For now however what is more likely is a simple pullback and then continuation higher. As the Fed is determined to raise rates and inflation seems to be pretty high, the USD could appreciate even more and the US is very dominant. Maybe a stock market correction or a change in direction by major central banks do have an impact on the DXY, but the current trend is still up, although the USD could fall to as low as 93.9 before continuing higher.
Maybe we get a pullback as rates have gone up significantly without the Fed having even started to raise rates yet. Maybe the rally we've gotten up until now is already overdone as the market has priced in the rate hikes. Maybe the market hasn't priced in some of the rate hikes, but the reality is that it is already ahead.
The US 10Y yield had lost all its gains relative to other countries since mid 2013, from end of Nov 2018 until the huge oil crash in Apr 2020. Then rebounded all the way up to the point where its collapse hard started in Feb 2020 and then pulled back again. Now consolidating but with no clear direction yet. A lot will be determined on rates in my opinion, however that isn't the only reason the USD could go up or down. At the same time we have a lot of people chasing safe US liquid assets while USD denominated debt is sky high, and higher inflation that isn't caused money printing is doing a lot of damaged to those that hold a lot of USD debt.
NZD/USD Outlook (05 January 2022)Overall, NZD/USD is ranging across. Recently, NZD/USD broke above the key level of 0.68.
Currently, NZD/USD is trading toward the resistance zone of 0.68400 and the next support zone is at 0.67100.
Look for short-term buying opportunities of NZD/USD if it breaks the resistance zone of 0.68400.
US 100 AnalysisMy TA analysis for next week.
Daily Timeframes : BULLISH.
Current Direction of market is BEARISH. (short term)
Chart Pattern : QMP Setup (Sell) + QMP Setup (BUY)
On this BIG Ranging. At Current setup is still bearish movement because price have break 2 H1 SUPPORT.
For next week, watch what pattern form on lower timeframe (M15,M30,H1) at H1 Support. Continuation or Reversal.
If the price Succesfully Break the H1 Support it will retest and Target TP 2 Zone.
Always watch on lower timeframe when the price reach SNR / Fresh previous BASE.
Hope this would help. May this 2022 give you a lot of blessing, new adventures and good fortunes . HAPPY NEW YEAR Boisss .. :D
Tesla, more bullish than everElon Musk said he's done selling Tesla stock for now and look at the market reaction. It seems the perfect entry for Tesla and all indices. Once again if you trust Elon, you will be right in the market. From the technical analysis perspective, we can clearly see that the uptrend is resuming and ready to make new highs once again. Tesla is one of the best examples of buy and hold strategy. We bought it back in 2020 and we've been adding positions ever since.