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Fundamental-analysis

Check today's forecast for GBPUSD next moveHello Mates! Over the past several weeks, we have observed GBPUSD continuing to move higher. The strong resistance for GBPUSD is at 1.28939. Apart from that, we have identified resistance levels at 1.28233 and 1.27980, from which the market may break. We anticipate the market breaking either from 1.27980 or 1.28233, and subsequently descending with a target of 1.26983. 🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio. 📈 Our resistance levels are spotted at: - 1.28939 - 1.28233 📉 And our support levels are set at: - 1.27259 - 1.26983 Stay tuned for further updates and trade smartly! 📊
Short
by BigtimeFx
Check today's forecast for gold's next move📣Hello Mates! Over the past several weeks, we have seen gold continue to move higher. Gold's strong resistance is at $2195. Apart from that, we have resistance levels at $2185, $2175, and $2165, from which the market can break. We believe the market will break from 2165, and then it will come down with a target of $2136. So we can believe we can sell gold from our resistance 🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio. 📈 Our resistance levels are spotted at: - 2175 - 2165 📉 And our support levels are set at: - 2145 - 2135 Stay tuned for further updates and trade smartly! 📊
OANDA:XAUUSDShort
by BigtimeFx
1
Sell USDCHF Channel BreakoutThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This technical setup suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.8830, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 0.8798 and 0.8770. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 0.8855. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
1
Fundamental analysis for 03/18/2024 GBPUSDThe GBP/USD pair appeared to reverse the decline that began on Thursday, hovering around 1.2730 during the Asian session on Monday. However, the pair faced setbacks amid market caution ahead of the US Federal Reserve's interest rate decision on Wednesday. On Friday, the preliminary US Michigan Consumer Sentiment Index for March declined to 76.5 from the previous reading of 76.9. The decline contradicts expectations that the index would remain unchanged. Meanwhile, industrial production (m/m) rose 0.1% in February, exceeding the expected flat 0.0% and recovering from a 0.5% decline in the previous month. On the other hand, the consumer inflation expectation released by the Bank of England (BoE) on Friday rose 3.0%, marking a decline from the previous 3.3% rise. This data has prompted markets to increase bets on a Bank of England (BoE) rate cut in June, potentially weakening the Pound Sterling (GBP) and consequently putting downward pressure on the Pound-Dollar pair. Trading recommendation: Trade in the price range of 1.2720-1.2760, watch the level of 1.2760
by Fresh-Forexcast2004
Euro's Performance Over the Next 30 Days Using the power of mathematics, market dynamics, and this market's character...I've concluded that this will result in a 2% crash As per basic economics, it's a given that price based on supply and demand dynamics gravitates to the point of equilibrium where both forces of supply and demand are in balance. When it comes to international markets, the price gravitates to that point of equilibrium after each full swing before facilitating a continuation. So our first criterion that this correction is done is crossed out Based on my own experience, the initial or main move often creates fair value gaps also known as FVG on its path, while corrective moves lack the presence of FVG, as FVG shows that Massive amounts of liquidity have been engaged in that particular candle, which furthermore gives us insight on the institutional directional bias price is moving according to From a mathematical perspective, the golden ratio of Fibonacci never failed to impress me once...It perfectly gives you the maximum swing expansion either in a corrective or impulsive phase...in addition, this can be observed on other major pairs such as GBPUSD & US30 ...I'll let history speak for itself The path toward 1.06906 is smooth due to it lacking the existence of FVGs which can make the road turbulent on the way down Talking based on macro-econ, whilst seeing capital markets hitting ATHs, signs of weakness have been observed, and a correction might be inevitable. Feds are highly likely to be hawkish next week, and potentially going through the whole month Thank you.
Short
by mahdikheirddine
4
What is GOLD next target? $2125 or $2235?📣 Hello Mates! We have observed gold hovering between $2190 and $2160 for the last one to two days. The CPI news will determine whether the market goes up or down, but we believe that if gold does not break our resistance, the market will go down. Remember that this chart is based on the H4 timeframe, representing a long-term target that will not be completed in one day; it may take more than one day. 🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio. 📈 Our resistance levels are spotted at: - 2161 - 2120 📉 And our support levels are set at: - 2195 - 2200 Stay tuned for further updates and trade smartly! 📊
OANDA:XAUUSDShort
by BigtimeFx
Sell XAUUSD Trendline BreakoutThe XAU/USD pair (spot gold) on the M30 timeframe presents a potential selling opportunity due to a recent downward break of a well-established trendline. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2180.00, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following levels: 2157 and 2146 Stop-Loss: To manage risk, place a stop-loss order above the broken trendline, ideally around 2190.00. This helps limit potential losses if the price rallies unexpectedly and breaks back above the trendline, invalidating the short trade. Thank you
OANDA:XAUUSDShort
by KABHI_TA_TRADING
11
Sell GBPCAD Bearish ChannelThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.7262, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.7185 and 1.7162. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 1.7285. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
1
Sell EURUSD Price RejectionThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent price rejection at a resistance level. This suggests a potential shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0925, positioned close to the rejected level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following levels: 1.0890: This represents a short-term support level that could see renewed selling pressure. 1.0870: This is a further extension of the downside target, based on the recent price movement. Stop-Loss: To manage risk, place a stop-loss order above the resistance level at 1.0950. This helps limit potential losses if the price unexpectedly breaks above resistance. Thank you
Short
by KABHI_TA_TRADING
6
Sell GBPJPY Bearish ChannelThe GBP/JPY pair on the M30 timeframe displays a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 188.60. This places your entry near the current price action and potentially close to a retest of the channel resistance. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 187.62: This represents a significant support level within the channel. 187.10: This is a further extension of the downside target, based on the height of the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 189.15. This helps limit potential losses if the price unexpectedly breaks above the channel and invalidates the downtrend. Thank you
Short
by KABHI_TA_TRADING
2
SAVMUSDT Primed for Breakout: All-Time High Incoming?SAVMUSDT is on the verge of a significant breakout, with its sights set on a key resistance level at $12.268. This potential breakout coincides with the upcoming launch of the SatoshiVM mainnet alpha on Friday, March 15th Technical Analysis: Resistance: $12.268 Support: $10.666 (Weekly R2) Dow Theory: Confirmation of Uptrend Key Observations: SAVMUSDT is exhibiting bullish momentum, with the price poised to break above a critical resistance level. A successful breakout could lead to a new all-time high. The launch of the SatoshiVM mainnet alpha this Friday adds a fundamental catalyst to the potential price surge. Applying Dow Theory principles, the recent price action suggests confirmation of an uptrend. We can see this through the establishment of a new higher high and the previous high acting as support after being broken. These key resistance zones are also aligned with the weekly and monthly resistance levels on the chart. If the price faces rejection at the new high, it may find support at $10.666, which coincides with the weekly second resistance level (R2). A breakout above the current resistance could lead to further gains. Conclusion: The upcoming price action for SAVMUSDT is highly anticipated. A breakout above $12.268, coupled with the launch of the mainnet alpha, could propel the price towards a new all-time high. However, if the price encounters resistance, the $10.666 support level could provide a buffer. This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Long
by behnoudt
2
What is GBPUSD next target: 1.27500 or 1.29500?📣 Hello Mates! Our prediction is that GBPUSD will sell from the 1.27350 or 1.280600 area. After that, our sell targets are 1.27500 and 1.27000 🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio. 📈 Our Resistance Levels are spotted at: - 1.28500 - 1.29000 📉 And our Support Levels are set at: - 1.27500 - 1.27000 Stay tuned for further updates and trade smartly! 📊
Short
by BigtimeFx
1
Barrick Gold $GOLD | On The RadarToday on the radar, Barrick Gold Barrick Gold has attracted some attention as major investors, including recently the notable Stanley Druckenmiller, have taken significant positions. With these influential players entering the fray, while the gold market experiencing remarkable momentum, the question emerges: Is this the right moment to buy? Well, let's dive on it and look at some fundemantals, some metrics and some technicals. The fundemantals Gold has exhibited remarkable resilience, maintaining stability despite the backdrop of high interest rates. It has remained relatively stable around the $2000 level for some time now and recently experienced a notable surge in momentum. Meanwhile, the mining sector has faced challenges and has been trading at discounted levels. This disparity may suggest a lag in market perception, particularly regarding the potential for a flight to safety and subsequently, a shift towards safety asset producers. The world economy is hitting a rough patch, with recessions popping up globally. While the U.S. is trying for a soft landing and celebrating record-high stock markets, there are some conflicting signs from key economic indicators. This divergence might resolve soon, depending on how things pan out in the real economy, possibly prompting a move towards safer assets. Add the fact that central banks globally are bullish on gold, and the BRICS nations are also showing a keen interest, aligning with the broader trend of moving away from the dollar. So, with gold demand on the upswing, and considering the mining sector's relative underperformance compared to the gold price, there seems to be a noteworthy opportunity for those looking to go long on both gold and the mining industry. The metrics Now, let's explore some metrics to determine if this company is fairly valued, discounted, or possibly overpriced. Right from the start, Barrick Gold stands out among mining companies for its exceptionally clean balance sheet. They have great cashflow, manage their debt and liabilities quite well, which could be one of the reasons drawing significant interest from big and famous investors. Notably, the company consistently beats expectations. Price/Earnings Ratios: Trailing P/E: 22.04 Forward P/E: 18.05 The forward P/E is lower than the trailing P/E, indicating that the market expects future earnings growth. The P/E ratios suggest a moderate valuation compared to the company's earnings. Price/Sales and Price/Book Ratios: Price/Sales: 2.44 Price/Book: 1.19 Both ratios suggest relatively low valuation compared to sales and book value. However, the interpretation should consider industry benchmarks and historical values. Profitability Margins: Profit Margin: 11.16% Operating Margin: 13.08% The company has healthy profit margins, indicating efficient operations. Liquidity and Solvency: Current Ratio: 3.16 Total Debt/Equity: 16.32% The company has a strong current ratio, suggesting good short-term liquidity. The debt/equity ratio is moderate, indicating a balanced capital structure. Growth and Financial Performance: Revenue Growth (yoy): 10.30% Quarterly Earnings Growth: Not available Positive revenue growth is a good sign, but it's important to consider the earnings growth trend. Cash Flow: Operating Cash Flow: $3.73 billion Levered Free Cash Flow: $675.75 million The company generates healthy operating and free cash flows. In summary, the stock seems to have reasonable valuation metrics, strong profitability margins, positive revenue growth, and healthy liquidity. Compared to some peers, Barrick Gold appears to trade at a slight discount. Over the past year, there have been noteworthy insider transactions involving both selling and buying activities. However, it is particularly noteworthy that the board of directors has recently engaged in a substantial buying spree. This prompts the question: What insights are they uncovering? The Technicals Now, let's delve into some technical analysis—the very reason we're all here and appreciate TradingView. Firstly, we're entering a week filled with significant economic data releases. Additionally, the gold market has experienced a prolonged uptrend. This is certainly a factor to keep in mind in the upcoming days/week, as increased volatility and potential corrections may manifest. Bearing this in consideration, let's explore how we can reflect these dynamics on the chart. Examining the daily chart over the past 1.5 years and scrutinizing the price structure, a distinct pattern emerges. Following a decline from $25, the price has exhibited a wide-ranging behavior. Notably, it consistently rebounds from the $14 range, suggesting a possible floor or bottom. Taking a more extensive view, this aligns with a monthly/yearly support level. The overarching support, coupled with daily resistance, hints at a potential continuation of ranging price action, possibly leading to a convergence or apex point. In such a scenario, there could be multiple buying opportunities in the coming months, facilitating the accumulation of a robust long position—unless a market shift and strong momentum occur. Examining the daily chart closely reveals a well-defined descending channel without a distinct apex for reference. Despite the recent breach of prior lows, it's crucial to interpret this cautiously, as breaking one low doesn't automatically signal immediate concerns, especially when the price remains above the monthly low. It could be indicative of a failed breakout. In the event of a market correction this week, these price levels might actually serve as a reliable range for initiating long positions, with a carefully placed tight stop around the $13 range. A tool I find particularly useful is the fixed volume profile, which proves valuable in identifying specific price ranges characterized by high volume. This method unveils potential breakout zones, support and resistance levels, and even target zones. I typically overlay these profiles onto specific structures, such as from top to top or bottom to top, to gain a more insightful perspective on volume distribution within the structure. A noteworthy observation is the concentration of the highest volume around the $16.50 range. In my approach, a breach of this level, followed by a potential bounce and continuation, could provide valuable insights into the prevailing momentum. A correlation exists with the recent Point of Control (POC) and some previous lows in this range, making it a potential local bounce zone worth monitoring. Beyond this point, significant price zones to consider include the $17.50 range and the $19 range. The latter could serve as a conservative initial target, and subsequent analysis of the broader circumstances will help determine if the price can break away, potentially sparking a major rally. If we manage to capitalize on a correction and enter at a lower current price, achieving a buy-in below the $15 range, could yield a 25% return on investment (ROI) or potentially even more, depending on market conditions. Observing the regular volume, there's a noticeable dip that occurred last year, particularly during the summertime. While this dip isn't particularly surprising or highly meaningful, what stands out is the consistent increase in the daily average volume. Another indicator I find valuable is the Hull, essentially an alternative moving average. It's currently on the verge of crossing and transitioning to green on the daily chart. While this doesn't carry significant weight on its own, it can certainly contribute to the decision-making process. Even if the crossing occurs and the indicator turns green, the price may still experience a pullback. The intriguing aspect will be observing the depth of the correction and whether the price manages to sustain the indicators in the green zone. Ideally, a bounce on the indicator could signal a retention of upside momentum. It's crucial to note that technical analysis involves a significant degree of subjectivity. The paths indicated on the chart with the blue dotted lines are not predictions; instead, they represent favorable scenarios to monitor. The outcome will hinge on various scenarios and how they unfold. Despite the inherent subjectivity, the fundamentals are sound, the metrics and ratios look promising and momentum seems to be evolving. And as always, please remember that this analysis is for informational and recreational purposes only. It does not constitute financial advice. Draw your own conclusions based on your assessment.
NYSE:GOLDLong
by GoldvalleyCap
Buy GBP/NZD Bullish ChannelThe GBP/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position around the current price of 2.0785, positioned close to the channel support. This offers an entry point near potential buying pressure. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 2.0868 and 2.0906. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the channel, ideally around 2.0735. This helps limit potential losses if the price unexpectedly breaks down and invalidates the bullish pattern. Thank you.
Long
by KABHI_TA_TRADING
1
Buy EUR/NZD Triangle BreakoutThe EUY (EUR/NZD) pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a triangle pattern. Key Points: Buy Entry: Consider entering a long position around the current price of 1.7725, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the following levels: 1.7813 and 1.7870 Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the triangle, ideally around 1.7680. This helps limit potential losses if the price reverses and breaks back downwards. Thank you
Long
by KABHI_TA_TRADING
2
NIO: The Chinese Electric Vehicle Company Taking on Tesla This is one of my favorite Leap Options positions for 2024 and let me tell you why.... In the Chinese electric vehicle market, there exists a formidable contender that stands toe-to-toe with the mighty Tesla ( Ok a bit exaggerating but you get the gist) . This company, known as NIO, has been turning heads in the industry with its innovative technology and luxurious designs. Founded in 2014, NIO has quickly established itself as a major player in the Chinese EV market. With a focus on high-performance electric vehicles, NIO has set itself apart from the competition by offering a range of cutting-edge features, such as battery-swapping technology and a sleek, modern design aesthetic. In terms of sales, NIO has been steadily closing the gap with Tesla in China. In 2023, NIO delivered over 120,000 vehicles, a significant increase from the previous year. This growth can be attributed to the company's expanding product line, which now includes the ES8, ES6, EC6, and ET7 models. One of the key factors that has contributed to NIO's success is its commitment to customer service. The company has established a network of NIO Houses and NIO Spaces, which serve as exclusive clubs and showrooms for its customers. Additionally, NIO has developed a strong online community through its NIO App, which allows users to connect with one another and share their experiences. While Tesla continues to be a dominant force in the global EV market, NIO is proving to be a worthy competitor in China. With its innovative technology, luxurious designs, and commitment to customer service, NIO is well-positioned to continue its rapid growth and challenge Tesla's position in the Chinese market. The Technicals: NYSE:NIO reached a major support level at $5.60 enduring the bear market and we are in good position for a major upside at this discounted level. Ready set GO!
NYSE:NIOLong
by EgideSimba
6