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Fundamental Analysis

11/6/24 - $crox - another perspective on $spxew comp- quick share - i love to compare on "pairs" as crypto has taught me: you don't care if your "alt" coin has gone up on it's USD pair (e.g. it's "$/altcoinprice) when it's BTC pair ($altcoinprice/BTC) is down. in other words, you took *more* risk vs. the pair, so you better have made a good return - so why do i make the above point? well... in stonks, nobody does this, really. look at any ticker in the nasdaq vs. its NASDAQ:QQQ pair. for instance. say you like NYSE:IBM (lol), how is $ibm/ NASDAQ:QQQ ? over time? it allows you to compare performance over time without cherry picking the timing. that's the beauty. back in the day we used to say "YTD" xyz ticker is doing better. or in the last 3 years, abc ticker is doing better. by dividing by the comparison ticker, we can make a comparison that ignores any time-picking bias. - back to $crox. - the reason i flag this chart is a. i love to compare vs. NASDAQ:QQQ , AMEX:SPY , INDEX:SPXEW (equal weight S&P) among others (including stonks vs. BINANCE:BTCUSDT )!!... and b. ***this is such an interesting chart***... the TA (technical analysis) is pretty cray cray for those who like to draw lines. the support/ resistance. it's quite beautiful. triple tops. it's all so... well. what do you think? bot some NASDAQ:CROX today. it's a small position. and i mean small 50 bps. i'd like it lower. but the tariff fake-news-headlines are back baby. NYSE:ELF , NYSE:YETI (let's see tmr AM) and $crox. that's my tariff portfolio for today. tomorrow could change. have a good night, my friend. flag anything that's interesting (esp if you disagree) pls! V
NASDAQ:CROXLong
by VROCKSTAR
Trump Win Could Spur BOJ Rate Hike if Yen Weakens Further Donald Trump’s victory in the U.S. presidential election is adding new uncertainties for the Bank of Japan (BOJ). The yen's recent slide against the dollar has raised concerns that a further drop—potentially hitting a key 160 yen per dollar level—could prompt the BOJ to hike rates sooner than expected. Former BOJ executive Kazuo Momma suggests that rapid yen depreciation is one of the few triggers for an early rate move. For now, a January rate hike is seen as plausible, but Japan's political climate and economic stability remain critical factors in timing. The BOJ is set to weigh these variables closely ahead of its mid-December policy meeting, where no surprises are expected if a move is communicated in advance. Source: Insights based on Bloomberg's reporting by Toru Fujioka.
by Eleazarahmath
Why $OM May Be the Investment to WatchMarkets is doing well, and I’m buying more NASDAQ:OM 🕉️ With impressive growth and increasing adoption, NASDAQ:OM is quietly gaining momentum as it approaches a strong support level, which I think is key for an upward push 📈 I believe the bottom is in, and from here, we could see a solid move toward 1.8, with potential to reach $3 by year-end. Long-term, I’m confident NASDAQ:OM has a path to $10+. #MANTRA #RWA #CryptoNews #Investing
Long
by hassanxali3
Precious metals steady after sell-offPrecious metals have had a torrid time since it became apparent that Trump had won a clear victory in the early hours of yesterday morning. Gold broke below $2,700 and is currently hovering in a band of support which stretches between $2,635-$2,675. This area acted as resistance in the last week of September and the first of October. A break below here would set up a likely retest of $2,600. Just over a week ago, gold hit a record high of $2,790. Since then it has lost around 5%. It was always a concern that gold had manged to rally steadily from early June without any of the sharp, deep pullbacks that were such a feature of its trading pattern from earlier in the year. Well now there’s been one, with Trump providing the catalyst. The question now is whether there’s more downside to come, and if so, will that mark the end of the bull run , or once again provide an opportunity for the bulls to load up and go again? It’s too early to tell. But if it can find support and consolidate around current levels, then the daily MACD can reset at a less overbought area. If not, then gold will head lower to find stronger support. It’s similar situation for silver, with $31 now a level it needs to hold.
TRADENATION:XAUUSD
by TradeNation
Can Gold Recover From The Price Losses?Donald Trump's election victory is shaking up the international markets. Gold was also affected, losing drastically in value and slipping well below the USD 2,700 mark. Now the next big event is approaching with the Fed's decision tomorrow. We are bullish on gold, at least in the short term. The price reacted at a Fibonacci retracement and was able to halt the sell-off, at least for the time being. We assume that the gold price will now recover. Our price target is the lower edge of the very small value area of the entire downward movement to date.
CAPITALCOM:GOLDLong
by Ochlokrat
BITCOIN TREND PIVOT With all the geo-political noise it's easy to get caught up in the low timeframe madness. Zooming out and looking at the High timeframe structure, things get a little simpler... For me, BTC has been in two different smaller phases within a larger bullflag pattern. Phase one is the bearish part of the bullflag where price prints lower highs and lower lows , this lasted for 150 days with a pivot once price wicked into the bullish OB @ $50K. From that pivot point the second phase started and it's where we are now. Once we got our first higher low the new bullish trend began, higher lows and higher highs followed and continues on until now. Now the interesting part is how BTC has broken out of the bigger bullflag pattern and that's shown by the X's and ^'s on the chart. In recent days BTC has broken out of the bigger bullflag pattern as shown by the tick where price rejected off the '21 ATH and retested what was formerly trend resistance and now support after a successful bullish reaction off that level for the first time in 8 months. Price is now at the highs with the US election around the corner and %16B FTX repayments on the way , can BTC go one step further and make a new ATH? Time will tell but for now the structure is the most important thing. Higher highs and higher lows, that's it.
BITSTAMP:BTCUSD
by ProR35
Bitcoin’s Path to New Highs: Strategic Patience We’re witnessing BTC testing significant structural resistance within this upward channel. Historically, such levels, especially in the context of macro-economic uncertainties, have defined pivotal moments in Bitcoin’s price action. As we approach the $75,000 region, it’s crucial to observe how BTC interacts with this resistance. If a breakout occurs with volume confirmation, it could set the stage for a powerful upward trajectory. However, patience is key. The market often “breathes” before major moves, and any false breakouts here could lead to rapid pullbacks. This is not merely about trading levels but understanding market psychology. Every price level reflects collective sentiment — a blend of FOMO, skepticism, and seasoned discipline. Remember, profit is not just about “catching tops or bottoms” but executing a strategy that respects both momentum and caution. Let’s maintain a watchful eye on the next few sessions. A successful close above this level signals strength; a retreat, however, might be an invitation for a reentry at lower support levels around $70,000. Stay disciplined, respect the levels, and as always, let the chart tell its story. dyor
Short
by HedonistTrade
USDJPY Daily Outlook: Bearish Bias Expected Amid Key Economic !USDJPY Daily Outlook: Bearish Bias Expected Amid Key Economic Drivers (07/11/2024) Overview On November 7, 2024, USDJPY appears to be leaning toward a slight bearish bias as various fundamental factors impact the pair. This article delves into the primary drivers shaping USDJPY today, including central bank policy stances, global market sentiment, and economic data releases. Traders and investors on TradingView can benefit from a close analysis of these influences to navigate the USDJPY pair’s movement. Keywords: USDJPY forecast, forex trading, Japanese yen, U.S. dollar, Bank of Japan, Federal Reserve, inflation, interest rates, technical analysis, forex market --- Key Factors Supporting a USDJPY Bearish Bias Today 1. Dovish Stance from the Federal Reserve The Federal Reserve has recently shifted toward a more cautious tone on rate hikes, with key policymakers indicating a preference for a "wait-and-see" approach. This cautious stance could limit USD strength, particularly as traders anticipate no further rate hikes unless inflation surges unexpectedly. A softer dollar environment could weigh on USDJPY. 2. Bank of Japan’s Slightly More Hawkish Outlook While the Bank of Japan (BoJ) has traditionally maintained an ultra-loose monetary policy, recent comments from BoJ officials suggest a growing willingness to adjust policy if inflation stays persistently higher. This subtle shift in tone has sparked interest in the yen as traders reassess Japan’s inflation and policy outlook, which could add bearish pressure on USDJPY. 3. Rising Risk Aversion Risk sentiment has turned cautious in global markets, with equities slightly under pressure and investors showing renewed interest in safe-haven assets. The yen, as a traditional safe-haven currency, often benefits in times of risk aversion, making USDJPY more vulnerable to downside movement when risk sentiment fades. 4. Weak U.S. Economic Data Recent U.S. economic indicators, such as declining consumer sentiment and slower employment growth, are casting doubt on the resilience of the U.S. economy. Softer data contributes to concerns that the Fed may pause or even reverse its tightening, further pressuring USD and potentially driving USDJPY lower. 5. Technical Analysis Insights On the technical side, USDJPY is trading near significant resistance at the 150.00 level, a historically sensitive price area. If sellers defend this resistance, USDJPY could turn bearish, with initial support around 148.00. Technical indicators such as the RSI suggest USDJPY may be overbought, aligning with a potential pullback. USDJPY Today: What to Watch For - U.S. Initial Jobless Claims – Today's release of U.S. jobless claims data may further affect USD sentiment, particularly if the data reveals a labor market slowdown, adding to USDJPY’s bearish potential. - BoJ Commentary – Any fresh statements from BoJ officials about policy flexibility could strengthen the yen and add further pressure on USDJPY. Conclusion Today, USDJPY shows signs of a bearish bias due to dovish signals from the Fed, a potentially more hawkish BoJ, risk aversion, and weaker U.S. data. As always, traders should monitor key data releases for potential market-moving surprises that could impact USDJPY. SEO Tags : #USDJPYforecast #ForexTrading #JapaneseYen #USD #USDJPYtechnicalanalysis #ForexMarket #RiskSentiment #CentralBankPolicy #DailyForexAnalysis
Short
by PERFECT_MFG
The situation of gold in the coming weeks, correction or new H?The situation of gold in the coming weeks, correction or new ceiling? According to the chart in the weekly long time frame, we have the hanged man candle, which is confirmed by a big red candle. Considering the fundamental conditions of the US presidential election, the growth of gold in recent weeks, the announcement of the US interest rate today, we may see a correction for gold, this precious metal. Profit from existing positions with capital management. good luck
OANDA:XAUUSDShort
by mansour1978
World gold was sold off and plummetedGold sold off and plunged to its lowest level in 3 weeks after the unexpectedly decisive victory of Republican US presidential candidate Donald Trump. The Federal Reserve's FOMC meeting appears to be overshadowed but also in the spotlight this week. The meeting began Wednesday morning and ended Thursday afternoon with a statement from the FOMC and a press conference from Fed Chairman Powell. Most people believe the Fed will cut its key interest rate by 0.25%. “While the market expects a 25 basis point rate cut, any sign of a pause or slowdown in cuts will put further pressure on gold, which is already sensitive to rising interest rates and a stronger dollar", “With a stronger dollar and rising yields, gold faces immediate downside risks, potentially extending towards the 50-day moving average at $2,636.66 an ounce if the Federal Reserve State signals more caution about future interest rate cuts.” This puts a lot of pressure on Gold and we can completely believe that gold will fall even deeper 🔥 XAUUSD BUY LIMIT 2649 - 2647🔥 ✅TP1: 2660 ✅TP2: 2670 ✅TP3: OPEN 🚫SL: 2638 🔥 XAUUSD SELL LIMIT 2676 - 2674🔥 ✅TP1: 2665 ✅TP2: 2655 ✅TP3: OPEN 🚫SL: 2685
OANDA:XAUUSD
by FalCol_TradingMaster
How the U.S. Election Could Impact USD and EUR/USD Trading"As the U.S. presidential election approaches, it’s time to consider how it might impact our trading strategies, particularly with the U.S. dollar and EUR/USD. Political shifts bring market volatility, so let’s break down how each outcome could influence the dollar and the EUR/USD pair. Election Outcomes and Market Impact 1. If Democrats Win: A Democratic victory could weaken the dollar, as policies may lead to lower inflation and reduced real interest rates. This scenario might push the EUR/USD pair higher, with potential targets around 1.1300–1.1850. For traders, this could mean a favorable environment to consider EUR/USD gains. 2. If Republicans Win: On the other hand, a Republican win might initially strengthen the dollar, thanks to expected trade policies and rising interest rates. However, this strength could be short-lived. Long-term factors may introduce volatility, potentially giving the euro a chance to regain ground against the dollar. Key Levels to Watch in EUR/USD From a technical standpoint, keep an eye on resistance levels from 1.1275 to 1.1750 for potential bullish moves, while support around 1.1000 and a critical level at 1.0900 could indicate a downturn. Combining these levels with election news can help you make informed trade adjustments. How to Trade Before, During, and After the Election Leading up to the election, watch for narrowing polls, as this could introduce uncertainty and increased volatility. During the election itself, expect the market to react strongly—prepare for a Trump win to potentially strengthen the dollar and a Harris victory to have the opposite effe
by habib75rajabi
Crypto Frenzy: Elon Musk's Impact on Bitcoin and DogecoinCryptocurrencies are skyrocketing just 7 days before the presidential election, and many people are wondering why. The answer, which should come as no surprise, is of course, Elon Musk.The reason is a perfect storm of sorts. Musk’s increased prominence as he campaigns for Donald Trump, his recent comments about cryptocurrency, and his potential role in a Trump administration (should Trump win) are all driving up the price of Bitcoin as well as Dogecoin and a number of other meme coins.Dogecoin, a favorite of Musk’s, was up 9.7% on Tuesday. This comes after the tech billionaire said at a Trump political rally in Pennsylvania that he’s not “actively involved” in crypto: “I just like Dogecoin.” The billionaire founder of Tesla and Space X and owner of X has a long history with Dogecoin, which he first promoted in 2021 on Saturday Night Live, causing the price to spike, only to plunge afterward. (The meme coin’s price has gone up and down based on Musk’s comments since.)Musk, who has been actively campaigning for the Republican nominee and raising money for Trump, has also said he would be heading the Department of Government Efficiency, dubbed DOGE, if the former president is elected. That has also contributed to the frenzy, leading to a more-than-20% gain in Dogecoin over the past seven days, and 33% over the month. Meanwhile, Bitcoin, which is the largest cryptocurrency by total market capitalization, was up over 4.4% on Tuesday, seemingly swept up in the excitement. It’s now trading just short of its March record high.
by habib75rajabi
Where Can Bitcoin Go? Part 3 (Chart)This is the video as well: 📈🌐 Where Can Bitcoin Go? Part 3: Revisiting the Big Chart and Preparing for the Next Breakout 🚀💡 Hey everyone! FX Professor here, and it’s time to revisit what I call my 'Big Chart' as we continue our exploration into Bitcoin’s future price movements. Back in March 2023, Bitcoin was trading below $25,000, and today, we’re looking at how the landscape has shifted and what we can expect moving forward. In this post, we’re sticking purely to technical analysis—focusing on Bitcoin’s halving cycles, my 3 major key trend lines, and the overall technical structure that has proven reliable over the years. Key Insights: Halving Cycles & All-Time Highs: Historically, all-time highs have followed 548 to 565 days after a halving event. Could we see similar patterns play out in 2025? Trend Line Mastery: My Big Chart tracks three critical trend lines that have been instrumental in identifying breakout and support zones. These levels continue to offer crucial guidance. February 2024 Breakout: Earlier this year, we had a major breakout in February, leading to a test of the $73,000 level. After some consolidation, what comes next? What to Watch Next: We’ve seen Bitcoin break out above major resistance levels after finding strong support around $58,800. This support is part of an ascending trend, meaning it will rise as the price continues upward. As we could be approaching the $100,000 zone, the question is: Will we hit all-time highs (peaks) earlier than usual? (pattern says end of 2025). With a strong possibility of achieving this 400 to 450 days after the halving, we could see this sooner than expected (550 days historical pattern) Major Levels: Support: Currently, the key support level is at $58,800, but as the price trends upward, this level is ascending and will be rising as time goes by. Resistance: The next major resistance is at $105,800. A break above this could propel Bitcoin to new all-time highs. This will be the third attempt (the green 3, if you know you know!) The journey continues! Follow along as we track Bitcoin’s path toward new highs. Drop your comments below, and let me know what you think! One Love, The FXPROFESSOR 💙 Part 1:https://www.tradingview.com/chart/BTCUSDT/yifcqKZB-Where-can-Bitcoin-Go/ Part 2: and remember:
Long
by FX_Professor
2
DOGE COIN SWING LONG IDEA - MEMECOINDOGE is the leading coin in the meme sector of crypto and occasionally receives direct support from Elon Musk. With Musk potentially in office alongside President Trump, this coin could see significant upward momentum. Technical Analysis: The price recently broke the bearish trendline that’s been in place since the end of October. During this breakout, we also established a strong daily demand zone. Today, there’s been a notable upside movement following news about Elon Musk's involvement with Trump. I anticipate a retracement to the daily and 4-hour demand zones, which are aligned with the Fibonacci optimal trade entry area. I’ll look for lower time frame confirmations to enter the trade. Target: $0.23 Stop Loss: $0.14
Long
by UA_CAPITAL