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Fundamentalanalsysis

XRP | ST Long H1 | Chance to RallyPair: XRPUSDT Timeframe: H1 Direction: Long Technical Confluences for Trade: - Stochastic momentum is neutral - Price action supported by 100MA - Price bounced off 61.8% Fib levels Fundamental Confluences for Trade: - XRP plans to launch US-denominated stablecoin to bridge the gap between Crypto & Fiat will help generate more uses & liquidity for the XRP Ledger blockchain Suggested Trade: Entry @ Area of Interest 0.6030 - 0.6100 SL @ 0.5856 TP 1 @ 0.6225 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.6405 Risk-to-Reward @ Approx. 1.72 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Long
by weekendanalyst
The USD in a ConundrumThe USD at the start of the year was trading near the 100 lvl but has managed to push above the 106 lvl in a little over a few months. If price is able to break out of the 107 lvl, there isn't to many resistances for the USD to break (the 108 could be one) and price might be able to hit the 114 lvl made in 2022. With the CPI data coming in a little higher then expected and traders/investors/analysts speculating that the FED will likely hold off on reducing rates (currently, FED Rate Monitoring tool is showing a 71.7% chance of FED holding rates), the elections coming up, conflicts in the Middle East/Europe/Asia, continued government spending (which keeps increasing), not enough government revenue which leads to more borrowing, this puts the FED between a rock and a hard place. Will the FED continue to hold rates and potentially push the economy to a recession (and a real one not one that did happen but supposedly didn't happen, back in 2022 Q1/Q2) or continue on with lowering rates, keep the economy going and potentially cause inflation to spike? Either way it is No Bueno. What is interesting is how commodities such as Gold/Silver/Oil are pushing up higher while the USD pushes up higher. These products are typical non correlated to each other, yet, currently they are. The USD shot up to 106. Silver from the start of the year pushed up from near 22 to now coming close to hitting 30 before pulling back to below 28. Gold pushed lower to below 2,000 in the beginning of February and pushed above 2,440 before pulling back to 2,360. Oil began near 70 and is trading above 85. So, when things return to the mean (non correlated), either the USD will take a hit or commodities will. The main things is how much of a hit will happen. Risk assets such as the stock market are finally taking a hit as the market just kept climbing and climbing, with the DJ Futures Market pushing past 40k and finally being cracked in the beginning of April. I am thinking that the USD might be able to hit the 108 lvl as other Central Banks are holding onto rates (just recently the ECB stuck to holding rates). If the FED holds onto current rates and other banks decide to reduce rates, the USD will skyrocket higher. If other banks decide to keep holding rates while the FED does, it will likely be whose economy can withstand the higher rates the longest. Protect yourselves with either reducing position sizing to withstand a large move, hedge, or do not be in a trade and see if price moves how you are speculating it. I have no position on the USD or in Forex itself (I'm tied up in other trades), but I am watching this because it is part of the plan I have when my other positions in other trades are completed. Y'all have some great trading out there.
INDEX:DXYLong
by DollarSaenz
XAUUSD/Gold | Weekly | OutlookTechnical Overview Taking a detailed outlook at Gold/XAUUSD on a long/medium term overview using our monthly & weekly charts respectively it would seem as though Gold is currently forming a AB = CD formation and if that is the case we can expect Gold to continue to push further up well into our $2500 Psychological level/area where we can expect a Possible correction to the downside from there. Fundamental Overview After looking at it from a technical point of view we can now look at the contributing factors to this aggressive bullish momentum, we know that Gold is considered as a safe haven for investors and given all the major events happening around the world we know that quite a number of countries including the US have their national elections this year which tend to cause instability and increased volatility in the markets, also factored with other factors like high interest rates, inflation, etc. All these factors then lead investors to look for ways to “safely” protect their capital as they ride out the potential/expected turbulence until things stabilise once again.
ICMARKETS:XAUUSD
by mosa_moshka
EURUSD, APRIL 8, 2024 - LONGThis is a 15min internal structure where liquidity has to be taken to fulfill the 4hour pullback. Price has just taken out inducement at 1.08233 and this has created a liquidity below the 1.08403 zone where I am looking to sell for a short term, clearing liquidity and expecting price to to drop to the 1.08147 or 1.08054 zone and create a confirmation entry. Whichever holds out of these two zones, my major target will be the 4hour 1.08673 zone where I will also be looking for a confirmation entry to go short in clearing the 15min external liquidity.
Long
by Sjcosmas
Powering the Future: Novonix (NVX) Charges Ahead ASX:NVX Novonix Limited, a company specializing in advanced battery materials and technology, has recently received a significant boost with its strategic partnership & off-take agreement with Panasonic Energy. The supply deal with Panasonic signals a strong vote of confidence in Novonix's synthetic graphite technology, which boasts superior performance characteristics compared to traditional graphite materials. With Panasonic being a prominent supplier to major EV manufacturers like Tesla & Mazda, this partnership opens up significant growth opportunities for Novonix within the rapidly expanding EV market and solidifies Novonix's position as a crucial player in the supply chain for synthetic graphite batteries, particularly for electric vehicles (EVs). Adding to the excitement, Jeff Dahn, a celebrity in the battery field, serves as the Chief Scientific Advisor at Novonix. Dahn's decision to transition from his leadership role at Tesla’s Advanced Battery Research group to advise for Novonix speaks volumes about the company's innovative vision. Notably, Professor Dahn and his research team maintain collaborations with Tesla, further bolstering Novonix's industry credibility and strategic vision. Novonix's proprietary battery testing equipment and services have garnered widespread acclaim within the industry. Their cutting-edge technology enables more accurate and efficient testing of lithium-ion batteries, addressing a critical need for battery manufacturers striving to enhance performance and reliability. In addition to its technological prowess, Novonix boasts a robust intellectual property portfolio, including patents and proprietary processes, providing a solid foundation for long-term growth and competitive advantage in the burgeoning battery market. The global push towards decarbonization and electrification further amplifies Novonix's bullish outlook. As governments worldwide enact stricter regulations on emissions and incentivize the adoption of electric vehicles, the demand for advanced battery materials is poised to skyrocket. Novonix stands at the forefront of this revolution, positioned to capitalize on the surging demand for high-performance batteries. Novonix's alignment with industry stalwarts like Panasonic, coupled with Jeff Dahn's Tesla connection and its pioneering technology, positions the company for sustained growth and leadership in the dynamic battery market. As the demand for high-performance batteries continues to soar, Novonix stands poised to capitalize on this trend, delivering value to investors and stakeholders alike. The Technicals: In analyzing the technical aspects, it's noteworthy that ASX:NVX (ASX) recently rebounded from a significant resistance level at $0.530, indicating strong buying interest. I believe ASX:NVX is at a discounted price and has great upside potential. #Bullish
ASX:NVXLong
by EgideSimba
3
EURUSD - SHORT - APRIL 04, 2024In this analysis of the EURUSD on the 1-hour timeframe, I'm observing how the price behaves around the 1.08500 supply zone. My intention is to confirm a potential short-term selling opportunity as a countertrend move towards the next demand zone at 1.07838. Once this short-term move plays out, I'll be looking for confirmation on a possible long position from that demand zone. It's important to note that the market operates in a fractal nature, meaning that we can only anticipate the next moves as they unfold. Therefore, we'll need to monitor the situation closely to see how it develops.
Short
by Sjcosmas
XRPUSD (Ripple) sitting on a major down trend lineYou probably know that so far we've experienced 3 major bullish crypto cycles. What you might not know is that each of those bull runs has 5 phases. Phase 1: Bitcoin starts increasing Phase 2: Bitcoin keeps on increasing and Ethereum starts rallying as well (This is where we're likely right now) Phase 3: Both Bitcoin and Ethereum keep increasing. Ethereum might outperform Bitcoin in some periods. Other major cryptocurrencies like Ripple start their rallying period as well Even though the current crypto bull run has started earlier then expected, so far it's structure is very similar to the previous rallies. If we are to judge by them, this means that we are likely in phase 2 and soon may go into phase 3. If that is the case, very soon, Ripple can start it's ascend and the technical analysis confirms such an opportunity. Monitor this chart for a breakout
BINANCE:XRPUSDLong
by RTED_Investing
4
Following the Plan, The Winner EURUSDIn the beginning of the year, before I start trading, I conduct my review and research and analysis (R/A) on what I am going to trade. For the EURUSD, this is what I put down on December 31, 2022, 12:33est EUR: the ECB is looking to raise rates to fight off double digit inflation. They might have to raise rates quicker than they are thinking to fight inflation. There is also the Russia/Ukraine issue that is going on, with the EU looking to cap Russian Oil. Price is pushing higher, which I think will be able to hit 1.10 at least. Eventually I think price will push lower as the economy stagnates and a possibly recession is induced. I am thinking of getting in this pair, but I am going to wait until price pushes to 1.10 and then decide from there. If the FED diverges with the ECB, the same might happen like in 2015, where price starts pushing higher as the FED starts to wind down rate hikes and possibly reduce rates, which the ECB pushes rates higher. I am thinking that possibly at the end of the year price might be around 1.15, but that is dependent on what happens with the EU economy. On March 04, 2023, 09:34est, this is what I had jotted down: EUR: the 1.10 lvl and the 1.05 lvls are prices that are catching my eye. If price is able to crack the 1.10 and hold above it, price is likely to continue higher. Price might be able to do this if the ECB remains hawkish and the FED starts becoming more reserved in their rate hikes. The ECB is going to raise rates by 0.50% this upcoming rate decision and three other times. If the ECB becomes increasingly hawkish, price will be able to gain a lot of momentum higher. If the 1.10 lvl is broken, price might be able to hit 1.12, but I am not too sure about 1.15. The reason being is the Euro Area economy is hanging on. Almost everything is declining, inflation is high, and the ECB has to know it is in a tough spot. On March 26, 2023, 11:16est: EUR: the ECB is hawkish and is will to raise rates further. But with the banking issues and their economy tethering on the brink of a great recession like style as the US, I am not sure if they are going to eventually pull bank. If the data in the US mints higher, then it will be interesting to see where price on there goes. Traders and investors always want to move too safe havens, so if the data does mint higher, it is likely that price will push lower. I am thinking that the EUR might be able to hit the 1.10 lvl, which will likely become a strong resistance. I stopped trading for a while due to training and other things that came up. But in July 28, 2023, 23:42, I conducted a rollup and on the EUR/USD I typed up: EUR: getting into a short position and holding might be the best bet. The Euro Zone compared to the US economy, is one sided, with the US economy winning considerably. GDP is at 0% (QoQ), unemployment at 6.5%, wages is growing though, inflation at 5.5%, balance sheet is shrinking which means banks and businesses and so on are losing capital and having to rein things in, interest rate is at 4.25%, industrial and manufacturing is negative and condensing, retail sales is showing that people are not spending, and housing is pushing lower. The Euro Zone economy has stagnated and seems to be going through what the US went through in the 70’s. So this might come to fruition and price might be able to hit the support at 1.06 and possibly parity. If there is a goal to dethrone the USD, it might take awhile if the other currencies aren’t able to prop themselves up. So.......... what I see is that the EURUSD is moving how I've been speculating and following through with what I've been thinking. With the FED thinking about pausing on rates but keeping interest rates at current lvls for a while and the ECB looking to pause on rates hikes while inflation is still high, this could be enough of a mixture to push the EURUSD lower. The 1.10 lvl is causing a lot of issues for price to push lower, but I think overall, price may have enough momentum to push to the 1.08. I have a short position on this pair to see if I am correct or not. If price does move against me and does push higher, I'll get into a hedge and see about reducing risk. Do you own due diligence. This is the way I trade and my own R/A for education purposes. Trading has a lot of risk, so protect yourselves and trade your own way. Have some great trading out there.
by DollarSaenz
USDJPY I BOJ will possibly end negative interest ratesWelcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
10
NATIONALUM BIG BREAKOUT & RETESTFundamental Analysis 1. Amazing Book Value 2. Nearly Zero Debt 3. Attractive Dividend Yield 3.30%(Extra Return on Holding for just 1 Quarter) 4. ROE & ROCE is Fascinating above 10-15% 5. Underperformed Like other PSUs and blasted in 2022-23, This Year Metal Sector Will Blast and Nationalum Will be Outperformer of Market 6. Sector Leader with Hindalco 7. Consistent Increasing sales and profit both QoQ and YoY also. 8. Increasing CWIP Will also create more revenue and profit. 9. More than 85-90% of holding is in Ultra strong DIIs FIIs & HNIs(Low Public(Weak) Holdings). Technical Analysis of NATIONALUM 1. Accumulation phase is over (Big blast Breakout after 15-16 Years Like PFC, REC, TWL,MRPL, Chennpetro) 2. Successful Breakout on Daily, Weekly & Monthly TF 3.Breakout with Huge Volume happening 4. Volume Increased during Accumulation Phase from 5. Retest of Breakout Level Completed and Rejection shown on Daily TF & Buy Signal on H1 TF Buy @ 130-135 SL - 120 Target- 250 Holding Time 3-6-9 Months Possible Projected Loss- 10% Probable Projected Target - More than 80%
NSE:NATIONALUMLong
by Wealthy_Vikish
3
What is GOLD next target?📣 Hello Mates! We can see that our gold buy target has been completed, and now gold is overbought. Our prediction is that gold will sell from the $2180.00 or $2194.00 area. After that, our sell targets are $2162.00 and $2126.00 🔑 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
GBPJPY: Key Resistance in Focus This Week - Breakout Potential?GBPJPY faces a critical juncture this week, with a formidable monthly resistance level at 193.659 coming into view. If the pair can surmount this hurdle, it could unlock a significant upside move towards 214.005, with limited resistance in the way. Technical Analysis: GBPJPY has been in a strong uptrend since the beginning of the year, gaining over 17%. The pair is now approaching a key monthly resistance level at 193.659. A break above this level could signal further bullish momentum, with a potential target of 214.005. There is limited resistance between 193.659 and 214.005, suggesting that the pair could make a significant move if it breaks above the resistance level. Fundamental Factors: The Bank of England (BoE) is expected to raise interest rates at its next meeting in March. This could support the pound sterling against the Japanese yen. The Japanese economy is facing headwinds from rising inflation and a weak yen. This could weigh on the Japanese yen and support GBPJPY. Conclusion: GBPJPY is poised for a significant move this week. A break above the key resistance level at 193.659 could signal further bullish momentum, with a potential target of 214.005. Traders should closely monitor GBPJPY's price action around the 193.659 level this week. A breakout above this resistance could indicate further bullish momentum, while a rejection could indicate a potential pullback. Additional Information: The pair has already broken the monthly pivot and pulled back to it, which could be a bullish signal. The RSI indicator is also showing bullish momentum, with a reading of 65. The MACD indicator is also bullish, with a crossover above the signal line. Disclaimer: This is not financial advice. I am not a financial advisor. Please do your own research before making any investment decisions.
Long
by behnamxt
1
GOLD, LongGold after hitting the High of $2087.98 is anticipated to retest the next significant level support 2065 with an attempt to pick liquidity and further driving up to test the all-time high of $2145 is on the card this week. DXY at the close of last week represent a probability of the dollar index declining to the next key level of 102.5 which could give GOLD the upper hand to drive up. The week's USD fundamentals such as the Jolts Job Opening, Powell's testimony and NFP are very important, and the outcomes will significantly determine the price of GOLD. Thus it is worth keeping an eye on. Support: 2064 Resistance 1: 2082.5 Resistance 2: 2145
FX:XAUUSDLong
by AbeikuGlobal_FX
1
AMC Earnings Build-upQuick disclaimer, I've posted many Ideas for this stock expecting an uptrend and they haven't panned out, but I'm going to pull out my inner Michael Burry and claim that I don't think I'm wrong, I'm just early. AMC is currently being pinched in two downtrends that date back to Aug 24th and 25th. The closer resistance would require the stock to break/stay above 4 dollars (as of tomorrow, Feb 8th). That number goes down every day after that. The support on this downtrend would have AMC needing to stay above 3$ at the time of earnings on Feb 28th But TA has let us down before, so let's talk about earnings: Analysts' expected revenue is 1.046B. AMC has met or beaten revenue expectations every single quarter since the initial COVID quarter, which hints to the possible re-occurrence for Q4 2023. Maybe analysts don't exactly know how to calculate/predict AMC's revenue. Even less now that AMC released their own movies (T. Swift + Beyonce). Nobody knows exactly how much they made from those. On top of that, there's all the new merch they've been coming out with, popcorn at new stores, their own candy line (which according to Twitter and Reddit, Apes went out and bought like mad for the holidays) AND the AMC VISA Credit Card, of which it is pretty much impossible to predict the revenue from (and I'm optimistic considering VISA destroyed their last earnings)... I strongly expect an Earnings Beat. In terms of future outlook, which is also very important in determining the direction of a stock price post-earnings, Q1 will be the absolute weakest of the year for sure. But that doesn't mean it'll be terrible, or even bad. It's kind of too bad Dune 2 isn't released until after earnings. Having just one weekend before the call would give us a greater idea of how the quarter will finish but, if anything, a successful first weekend for Dune 2 immediately after a positive earnings call will just keep the momentum going. The rest of the year has many more blockbusters to come. This will be my last Idea for AMC, I'll just keep expanding on it from here. I'm so bullish that I am absolutely sure that we are hovering around the bottom. Once we start going up, there's no looking back.
NYSE:AMCLong
by BakedSpud32
12
MYO a Stock I randomly pulled up and conducted some R/AR/A = Research and Analysis This stock just randomly chose to after looking at a few robotics stock. I went through a few stocks to show how I conduct my R/A and wanted to see if I could find some ideas and themes to trade. A stock that got selected was MYO. MYO is a company that sells robotic arms to people regain function in their arms and hands. Their product is called MyoPro. This stock might be able to push higher in the longer term (maybe in 2025). The technicals are not good on it. The fundamentals aren't also. And there is almost no sentiment on this stock because there is close to 0% PR on here, expect some articles talk about price movement. But, something that I saw that caught my eye is an individual in Australia used their product, was able to get their function back, and was able to benefit from the Nation Disability Insurance Scheme (NDIS) in Australia. Another that caught my eye is they are attempting to get their product approved for claims for Medicare Part B beneficiaries. If this is approved, the stock might be able to push above the $1 lvl and maybe push above the $2. So, this stock might have some promise. For now, I wouldn't get in because of the state of the economy, high inflation, and rates increasing. There are also the negatives aside from this stock almost collapsing, which is it's competitors and technologies such as Neuralink from Elon Musk. I am not in this stock and highly likely I won't get in. This is just some research I have done and I am seeing where price is going to move and to see if I am correct.
AMEX:MYOLong
by DollarSaenz
2
Is a supply shock coming for Bitcoin?Traders, I will probably not be posting as frequently this next week due to some personal matters that require more attention. Thus, I thought pushing out another general update on where we are currently sitting in the crypto space would be appropriate. As you have seen, I have still been busy entering trades in alts. The main reason for this is Bitcoin’s continued sideways price action. Because the bears have not had the power to push it down to the 48k support area, various altcoins have been given a chance to continue their rise. I have been attempting to spot those coins with the greatest potential of popping and entering as I see the time is right. So far, we are doing great in this regard. And unless/until the bears are able to push Bitcoin down below that bottom ascending purple support, I will continue to look for good setups in the alts. Though, I may not have the opportunity to alert you all on every exit or take-profit point this week, I will still attempt to post any new entries. Perhaps, that is what you all would prefer anyway as it will mean less in the way of noisy substack notifications from me? Let me know in the comments any further thoughts on this. Back to Bitcoin. Honestly, Bitcoin bulls have amazed me. Even with the pullback that I expected after the ETF approval news, we did not touch the supports that I expected we might. This indicated the bulls would maintain control. And they certainly have.If done right, the technicals will often show us the future of price action. But sometimes, it will not show us the complete picture without at least a surface understanding of the fundamentals. For this reason, I have alluded to fundamentals several times in my previous weekly updates and Bitcoin posts. Mainly this: Bitcoin ETFs were at one point demanding an average of 12x+ that which Bitcoin miners could supply. Only 24% of Bitcoin remains liquid and available for trading Bitcoin halving is only months away making it that much less available Demand from various nation-states for Bitcoin continues to rise Simple math here dictates that the multiplier effect is going to cause Bitcoin (and much of crypto) price to go parabolic. We could soon see a supply shock occur that has never been witnessed previously. And, my followers know, I am no moon-boy who incessantly pumps crypto. My conclusion simply is predicated upon cold, hard logic, math, and reason. Side note: I have never been a huge Bitcoin fan as you may have been able to tell from my underhanded jabs or derogative nicknames I have given to BTC like “Boomer Trading Coin” and more recently, “Blackrock Trading Currency”. I believe that of all cryptos that exist Bitcoin is probably one of the least private, most expensive transactionally, and most centralized in terms of ownership. Certainly, the latter is much more true recently. There are far better alternatives that exist that fulfill the goal and function set forth by Mr. Nakamoto. Anyways, this is a whole other topic and Bitcoin remains the lead dawg on which all eyes are focused. Therefore we must give it the attention and respect it deserves as the price leader of the crypto space. To conclude, if we don’t see a pullback in Bitcoin soon, this sideways action, much to the shock of many analysts, may be all that we see. At most, at this point, I would be happy with a retreat and touch of the 48k support area before we hit new all-time highs this year. Altcoins will certainly come along for the ride here and the best blockchain technologies will exaggerate this move up. I still believe many alts can see 10x plus gains from here. In any case, we have to be prepared either way. So, continue to practice those safe trading habits: be disciplined and consistent with your strategy, set your targets, set your stop-outs, don’t put all your eggs into one basket, and never risk more than you can afford to lose.
INDEX:BTCUSDLong
by stewdamus