GBPJPYGBPJPY seems to have an OB on the left on the 4H tf, as a SMC learner/trader, I'll probably just risk 1% of my trading account as in this scenario its against the trend, won't risk much on this trade. Lets see how the market will react to the OB.
I'm not a financial advisor, please risk based on your own mm.
Marketanalysis
CADJPYAs a SMC trader(still learning), there might be an opportunity for CADJPY to fall in this week. There is a 1 H OB on the left and it had created an area of imbalance. Let's see if the market will drop this week on CadJpy. I'm not your financial advisor please take risk based on your own MM, I'm just sharing my analysis.
XRP plan for this altseasonI just want to share you my thoughts about XRP/BTC ratio. If you want to consider a lot importance XRP vs. Bitcoin. You wil need to know this information that a small group of crypto-enthusiastic know this secret. between XRP and Bitcoin.
So, I have 2 targets: 0.000051 BTC and 0.00009 BTC where I believe that XRP will reach it. Depending how much XRP do you hold?, it's important the future value in Bitcoin if you hold XRP.
For example: XRP worth now 0.000021 BTC
If you hold 3,000 XRP coins, and if you want to sell your XRP at 0.00009 BTC, your potential profit in Bitcoin it's 0.27 BTC, but all depend if XRP could to reach 0.00009 BTC. So, 0.27 BTC it's very good profit. And use can to make this Bitcoin to re-buy more XRP in the future.
For reference, you can to apply others analytical data like XRP Dominance if you want to know this other secret that I use personally.
Total Crypto Market CapThe total cap is also trading between the support and resistance. So far Total marketcap is holding the major support. This is key level for the market and if $1.7 trillion support broken then we see huge sell-off. Also BTC is holding $40,000 so far. Market will turn bullish after total marketcap hold above $2 trillion.
US Market Technicals Ahead (27 September – 1 October 2021)Expect markets to remain at last week’s levels of raised volatility for the final week of the third quarter with investors keeping an eye on fresh economic data for the US including the ISM Manufacturing PMI and PCE inflation. Fed Chair Powell will also testify on Coronavirus and CARES Act before the Senate and lawmakers will try to pass a funding plan to avoid a government shutdown on October 1st.
The Evergrande limbo is set to continue as markets expect an update on interest payment for a dollar-denominated bond and hope a default could be avoided. The 2-days ECB Forum on Central Banking will be keenly watched for more clues on the monetary policy outlook and traders will also pay attention to the outcome of the German federal election.
Here’s what you need to know to start your week.
EOSUSDT BULLISH SIGNAL UPDATE!!As you all know, EOS is not performing well from last 2 weeks and according to the Chart patterns, Ascending Channel is formed, Breakout formation is also nearly there and also indicators giving bullish signal.
MID-Term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
HOLD TIME 3-5 Weeks
Happy Trading :)
Good Luck!
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Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
BTC Minor Short trend is comingThe chart is self-explaining and I think the BTC Price would reach the 42K and 40K and then there comes the critical moment of whether the bulls would enter and carry the price up or just give up the market to the bears and let them push the price below 40K which makes me completely Bearish on BTC after we break the 40K. Just try to be careful and don't trade hastily.
The S&P Bullish trend is still ActiveHello everyone, as we all know the market action discounts everything :)
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The Bullish trend that started in November where the SPX index started moving up in an Ascending Channel is not stopping yet. The trend is still giving Bullish signals where we kept getting higher highs and higher lows.
The S&P 500 index booked fresh record closes on Thursday, despite falling from the session’s best levels, ahead of a highly anticipated August employment report on Friday.
The index price is still not showing any signs of weakness and most likely the Index movement for the next period of time will be like this :
If we look at the chart and where the market is right now we see that every time the SPX hit the upper end of the Ascending channel it always dropped into the middle range of the Channel, We probably won't see a big Bullish breakout in the Index right now, so the price most likely will be dropping this week a bit and it will be headed near the first support line at 4474.64 and if the Bears were able to gain more control then it could reach the second support at 4439.92 where the major Bull power will be and where the bounce back up will happen that would get the index above the resistance zone between 4528.74 - 4548.12.
Technical indicators are showing this :
The S&P 500 index is trending above the 5 10 20 50 100 and 200 MA and EMA ( Bullish Sign)
The MACD is above the 0 line showing that the market is in a Bullish state, With a positive crossover between The MACD line and The Signal line.
The STOCH indicator is in the overbought zone, With a positive crossover between %K (95.00) and %D (92.84). *The overbought zone indicates that the price might drop down.
The Ultimate Oscillator is at 79.95 sitting in the overbought zone. The overbought zone indicates that the price might drop down.
Support & Resistance points :
Support/Resistance
1) 4474.64 1) 4528.74
2) 4439.92 2) 4548.12
3) 4420.54 3) 4582.84
Fundamental point of view :
On Thursday, the S&P 500 rose to records on the back of better-than-expected jobless claims data. The initial filings for unemployment insurance fell to their lowest levels since March 2020.
The Labor Department reported first-time jobless claims totaled 340,000 for the week ended Aug. 28, compared with the 345,000 estimate.
The S&P 500 climbed 0.3%, hitting its 54th record closing high of 2021.
Investors are now looking ahead to August’s nonfarm payrolls report — released Friday morning — which could give clues about how fast the Federal Reserve will remove easy monetary policy. Economists polled by Dow Jones expect 720,000 jobs were added in the month, down from 943,000 jobs added in July. The unemployment rate is expected to dip to 5.2%, compared to 5.4% in July. According to CNBC Markets
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Bullish Stock TIRUMALCHEM looks good on the chart. With a RSI below 40, and a complete cup formation, the stock can reach upto the levels of 238-240 and give good returns in the short run. Also the stock has the potential to fly more in the long run. It could break the resistance of more than three years (around 240), and go above. The financials of the company is too good. With its peg ratio below 1, decreasing debt and borrowings, increasing sales and investments even in the middle of pandemic, the company gives close to nil red flags.
US Dollar DXY - Short Term Rise #DXY. #StockMarket #BTC The USD index DXY is going up today. This will bring near term headwinds to stocks and risk assets like cryto over the next few weeks. Weekly chart is showing the start of a new bull trend for the US Dollar. We are inside the price channel. But, I have good news for the bears. We have a W pattern in the price and are forming weak momentum on the daily. ( W pattern is bearish) So with this in mind the #dxy might rise in the near term but the rise in the US Dollar will be limited with a strong possible drop down again in the fall. Feels like a correcting in stocks might be near keep an eye on the DXY for a trend channel breakout to the upside. For now we go up but again it seems limited.
Gold had a nice swing to the upsdideIn this analysis of mine I notice that it had created a big win to the upside signaling that the bulls were coming into the market and then pulled back. I also notice that on the lower timeframes that an inverted head and shoulder pattern was forming especially when it broke the knee line and retested it, this gave me a signal to get in on the buy and ride it to the top. The market does two things- search and destroy and rebalances it self. If I’m not mistaken, it’s rebalancing itself. It may take a while to understand this concept, but from past data once a big drop or spike has happen, it has to do the opposite to balance for the un equilibrium that it created. Also, it did not break a LOWER HIGH,SO TAKE THE SUCKER UP AND RISK ACCORDING . This is my first publish chart, I hope y’all could learn from my analysis thank you.
Tesla Weekly analysis, Good time to buy ?Hello everyone, as we all know the market action discounts everything :)
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The Tesla stock is at 709.67 and last week was able to reach the first resistance line at 714.08 but couldn't close above it, The market price seems to be moving in a Triangle pattern and there is a big possibility for a breakout in the next period of time.
Both the short-term and long-term trends are positive. This is a very positive sign.
The major trend for Tesla seems to be Bullish and am seeing 2 different scenarios for the market movement in the next few weeks :
Scenario 1 :
The stock price will be able to breakout from the first resistance line at 714.08 and will be headed for the second resistance line at 740.95. if the Bulls were able to keep control of the trend then we could be seeing the TSLA stock reaching the 800 to 900 range.
Scenario 2 :
The stock price will drop and hit the support line 643.79 then a battle will happen between the bulls and the bears with the outcome most likely to be for the bulls and the price will bounce back up and start testing around the resistance lines again.
But if the bears were able to take control then we could be seeing the stock dropping to the range of the second support line at 600.37.
Different indicators showing that the market is bullish tho as we see :
1) The market price is trending above the 5 10 20 50 100 and 200 MA and EMA. (Bullish sign)
2) The MACD is at 13.19 showing that the market is in a Bullish state with a positive crossover happening between the MACD line and the Signal line.
3) Stoch is in a Bullish state with a positive crossover between %K and %D, %K reached the overbought zone.
Support & Resistance points :
support Resistance
1) 643.79 1) 714.08
2) 600.37 2) 740.95
3) 573.50 3) 784.37
Fundamental point of view :
TSLA has a Profit Margin of 5.14%. This is better than the industry average of 2.51%.
The Earnings Per Share has grown by an impressive 172.10% over the past year.
Piper Sandler keeps it pretty simple in reiterating an Overweight rating on Tesla (NASDAQ:TSLA) and calling it one of its favorites.
Piper points out that the Q2 margin beat was not "fishy" and thinks automotive gross margin for TSLA could top the mid-20s next year.
Tesla is higher in morning trading and is looking to record its fourth straight session of gains. The strong push today is being tied to good reads from Chinese automakers Nio, XPeng and Li Auto on demand. The round of reports on deliveries for July is more than offsetting concerns over Beijing regulation moves.
Looking ahead, Shanghai-based analyst Gao Shen thinks China EV start-ups XPeng and Li Auto pushing over the 10K monthly unit mark is a meaningful threshold to watch because after exceeding that level - a carmaker will be "viewed as a powerful player" in the automotive industry.
Last week, Tesla announced that the price of the standard range Model 3 after subsidy would be reduced about 6% or 15,000 yuan ($2,320) to 235,900 yuan.
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
EUR/USD daily analysis the Bulls trying to gain control Hello everyone , as we all know the market action discounts everything :)
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The EUR/USD regains composure and retakes the upper hand near 1.1890. In the last few days the price has bounced back up from the range of 1.17540 to the range of 1.19038, Could this be the push back up the bring the price to the range of 1.2080 ?
Well we see that bulls are trying to gain control but for them to gain control a few things must happen first
scenario 1
The price currently is at 1.18522 it needs to reach the first resistance line at 1.19330 and a power test will happen between the bears and the bulls and whoever win will affect the price, if the bulls were to wins then we could be seeing the price pushing even more and hitting the second resistance line at 1.19950 but if the bears were able to keep control then the price will most likely drop down and it will be heading to the support area around 1.17860.
scenario 2
If the bears take control before any major movement happening then the price will drop to the support line at 1.17860, and that gonna be the Bulls second chance to gain control where a battle will happen between the bears and bulls and the outcome will determine the outcome for the price for the period of time, If the bulls gained control then a certain bounce up will happen pushing the price to the range of 1.19330 but if the bulls fail to gain control then a further drop in price will happen and the market price will most likely hit the 1.17010.
Now let's look at indicators and see what they are telling us :
1) The market price above the 5 10 20 MA and EMA (short term Bullish sign) and still below the 50 100 200 MA and EMA .
2) The MACD is still Bearish but a positive crossover happening between the MADC line and the signal line with increase in strengths in the histogram (short term Bullish sign)
3) The ADX at 30.75 showing that the market is trending with a positive crossover between DI+ (18.73) and DI- (15.11)
4) The STOCH reached overbought zone (possible bounce down)
Support & Resistance points :
support Resistance
1) 1.1786 1) 1.1933
2) 1.1701 2) 1.1995
3) 1.1639 3) 1.2080
Fundamental point of view :
This week a few fundamental news will effect The Market price on the euro side like the German Retail Sales, final Manufacturing PMIs (Monday) – Final Services PMIs, EMU Retail Sales (Wednesday). so we will need to wait for them and see how they will effect the market price .
The EUR/USD finally managed to surpass the key barrier at 1.19 the figure last Friday, although bulls remained unable to sustain the move. The healthy recovery in spot clearly followed the increasing weakness surrounding the dollar, which was in turn propped up by the steady stance at the Fed’s event in past days. In the meantime, dollar dynamics in response to the US economic recovery, the Fed’s dovish stance and prospects of high inflation are still expected to dictate the price action in the pair for the time being. On the euro side of the equation, the re-affirmed dovish stance from the ECB (as per its latest meeting) is expected to keep the upside limited in spot despite auspicious results from key fundamentals and the persistent high morale in the region. According to FXstreet
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
XAU/USD analysis how the market seems to be moving Hello everyone , as we all know the market action discounts everything :)
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The gold price has drop in the last months from the range of 1910.34 and today we see the price sitting at 1823.87 , after july had started we can see that the market is trading in a ascending triangle pattern with the price being near the higher zone of the triangle , if a breakout would happen to that area it could confirm the movement of the Gold market for the next few weeks.
1 scenario:
If the price breakout the resistance line at 1832.81 and closes above it we could be seeing a bullish movement start and pushing the gold market price up back the the 1910 range.
2 scenario:
If the price drops it will most likely hit the support like at 1789.65 and what happens between the bears and the bulls at that point will confirm the movement of the market in the next few weeks , if the bears were able to hold control over the market then the price will most likely drop even more and hit the support zone at 1756.210 . but if the bears were able to gain control then we will most likely see a bounce back in the price.
technical indicators showing this on a daily chart :
1_The market price moving above the MA and EMA (bullish sign)
2_The RSI is at 58.68 showing strengths in the market with no divergences (bullish sign)
3_The MACD is in the negative showing bearish sign but a positive crossover has happened so it could be the push that the gold market need to go back up .
4_The ADX is at 10.297 showing that there are no strong trend is present but we do have a positive crossover between DI+ and DI- which could indicate a bounce up if the market gain more support from the bears.
5_STOCH is under a positive crossover between K% and D% with K% hitting overbought zone
Support & Resistance points :
support Resistance
1) 1789.658 1) 1832.818
2) 1770.873 2) 1877.790
3) 1756.210 3) 1910.349
Fundamental point of view :
Gold consolidated the overnight strong gains back closer to monthly tops and oscillated in a narrow trading band, around the $1,825-30 region through the first half of the European session. Worries about the potential economic fallout from the fast-spreading Delta variant of the coronavirus continued weighing on investors' sentiment. This turned out to be one of the key factors that continued underpinning the safe-haven XAU/USD.
Meanwhile, the risk-off impulse in the markets triggered a fresh leg down in the US Treasury bond yields. This comes on the back of the Fed Chair Jerome Powell's dovish remarks on Wednesday and further acted as a tailwind for the non-yielding gold. Apart from this, the prevalent selling bias surrounding the US dollar extended some additional support to the dollar-denominated commodity, though the lack of any follow-through buying warrants caution for bulls.
Nevertheless, gold remains on track to record its biggest weekly gains since May 21 and seems poised to appreciate further amid signs that the Fed will stick to its ultra-lose policy stance for a longer period. The US central bank on Wednesday acknowledged that the economy has made progress towards the maximum employment and price stability goals. However, the Fed Chair Jerome Powell took a dovish turn at the post-meeting press conference.
Powell emphasised that they were some ways away from substantial progress on jobs. He was also cautious about tapering and said that policymakers discussed some details but it will take a few more meetings to get into it. The market speculations were further reinforced by Thursday's disappointing US GDP report, which showed that the world's largest economy expanded by 6.5% annualized pace in the second quarter as against the 8.5% growth anticipated. according to FXstreet
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
ETH/USD: Ethereum need to hold $1,900 USD to continue upLooking in 3 Daily timeframe. Ethereum continue fight to break down the key support of $1,900 USD. But, if you look my recently analsyis that Ethereum show us a bullish divergence, I hope a bull cases continue to fight. That it's my perspective in Ethereum that based in this model, Ethereum could to hit the mark of $5,000 USD in medium term when Ethereum get more power to continue up in this bull rally. For that, some altcoins are up in front of Ethereum, but Ethereum it's a monster cryptocurrency and mother who dominate the altcoins.
s3.tradingview.com
I'm in this trade that we could to view in Daily timeframe.
No surprises yet EUR/USD still Bearish Hello everyone , as we all know the market action discounts everything :)
I've posted a couple of ideas about the EUR/USD analysis and today we see that the market moved exactly how we thought it was gonna move .
first one on jun 25th :
second on july 6th
we are still waiting on the breakout of the neckline of the head and shoulders around the 1.17635 area , no reversal sign to be found yet on the chart and the major trend still seems to be in the hands of the bears .
indicators confirming this where :
1_The market price moving below the MA and the EMA (bearish sign)
2_Stochastic oscillator is in oversold zone with %D at 20.55 above %K at 5.96 (bearish sign)
3_Williams %R is in oversold zone at -94.06 showing the weakness of the market (bearish sign)
Support & Resistance points :
support Resistance
1_ 1.1835 1_ 1.1919
2_ 1.1763 2_ 1.2005
3_ 1.1695 3_ 1.2032
Fundamental point of view :
According to DailyFX:
Following Tuesday’s sharp selloff to the sub-1.1800 levels, EUR/USD now looks to attract dip-buyers and retake, initially, the 1.1800 hurdle amidst some cautious mood ahead of Powell’s semiannual testimony to the Congress.
Spot lost nearly a cent on Tuesday after US inflation figures surprised to the upside in June, noting that headline consumer prices rose 5.4% YoY (highest since 2008) and the core CPI gained 4.5% YoY (highest since 1991).
In addition, pressure for an earlier-than-expected tapering of the US QE programme continue to build up , in stark contrast to the ECB stance. On the latter, ECB’s De Guindos said earlier in the week that the Council will discuss the bank’s forward guidance next week. It is worth recalling that the ECB event is due on July 22.
In the euro data space, Industrial Production in the broader Euroland contracted 1.0% MoM in May and expanded at an annualized 20.5%, both prints coming in short of estimates. In addition, final Spanish CPI rose 0.5% MoM in June and 2.7% over the last twelve months.
EUR/USD returns to the area of recent lows near 1.1780, just above the key 2020-2021 support line. Price action around spot, in the meantime, is expected to exclusively hinge on dollar dynamics, particularly as investors continue to adjust to the Fed’s hawkish message, prospects of higher inflation in the US and potential QE tapering earlier than anticipated. On the euro side of the equation, support for the European currency in the form of auspicious results from fundamentals in the bloc now appears somewhat mitigated considering recent data, although the investors’ morale remains high amidst the persistent optimism surrounding a strong rebound in the economic activity in the second half of the year.
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This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask
Thank you for reading.