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WTI Oil H4 | Falling to 78.6% Fibonacci retracement supportWTI oil (USOIL) is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 67.14 which is a swing-low support that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 65.00 which is a level that lies underneath a swing-low support. Take profit is at 72.15 which is a multi-swing-high resistance that aligns close to the 61.8% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILLong
by FXCM
5
Tesla: “We, Robot” Taxi of the FutureTesla has been in the spotlight in the U.S. stock market, driven by its remarkable performance in 2024 and its ability to adapt to changing market conditions. Tesla shares have shown recent growth of 2.45%, remaining a key player in the technology sector, even as the market's focus has begun to diversify beyond tech giants. Looking at last year's earnings progression in December versus this year's performance, Q1 2023 vs. 2024 earnings performance was clearly lower in the current year, Q2 2023 vs. 2024 was more positive than last year. The main catalyst for the company is the impending release of Q3 delivery figures, which are expected to be announced on October 2. Analysts anticipate that Tesla will report approximately 462,000 deliveries, which would represent a 6% increase compared to the same period last year. This growth is largely due to increasing demand in key markets, such as China, where government subsidies have helped boost sales. In addition to deliveries, Tesla is preparing to unveil its Robotaxi on October 10, at an event that promises to revolutionize the future of autonomous vehicles. Elon Musk has raised expectations by describing this launch as the most important since the unveiling of the Model 3. While Tesla has been a pioneer in the electric vehicle market, in the field of robotaxis it has lagged behind competitors such as Waymo, the Alphabet subsidiary, which currently leads the industry in the U.S. with more than 100,000 weekly trips in cities such as Los Angeles, San Francisco and Phoenix. Despite the enthusiasm, many analysts suggest tempering expectations, as mass adoption of robotaxis is likely to take at least a decade due to regulatory hurdles and safety concerns. According to experts, Tesla must demonstrate concrete technological advances and provide a clear vision for the scalability of its robotaxis in the U.S. market. Meanwhile, other companies, such as Baidu in China and Cruise in the U.S., are also making progress in developing autonomous driving. Although the road to a large-scale robotaxi market is long, this sector is expected to grow significantly in the coming years, with Tesla and Waymo as key players. In terms of its financial performance, Tesla has a solid “financial health score” of 3.0 out of 5.0, according to AI-backed model evaluations. This highlights its robust fundamentals and dominant position in the electric vehicle sector. However, the company also faces pressure from inflation and a challenging economic environment, which could affect consumer spending. The next few weeks will be crucial for Tesla. Investors will be watching for third quarter financial results and how the company responds to increasing competition and market conditions. Tesla's success depends not only on its ability to innovate, but also on its ability to navigate a rapidly evolving landscape in both electric vehicles and autonomous driving. Looking at the technical side, currently the RSI at 67.67% slightly overbought may extend above the channel its move in the direction of $275-$300 per share, recovering prices from June last year. I feel this a cyclical company it is possible that we may see a sharp correction subsequent to $185 if results do not match expectations which should match those of the previous quarter, according to prior years data. In summary, Tesla is at a crossroads where its ability to grow in the future will depend on how it adapts to market challenges and its ability to maintain its status as a leader in the electric vehicle industry. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
NASDAQ:TSLALong
by ActivTrades
2
[ES] Has the S&P 500 Finished Its Runup?I doubt it. That move doesn't look like it's done. The general principle that this basic analysis follows is that the market moves in 3s and 5s. Now, that may sound a lot like Elliot Waves and it should. 3s and 5s were Ralph N. Elliot's primary discovery and contribution to the discovery of natural phenomena in markets. That said, it is dangerous to get dogmatic about rules. The same applies to Fibonacci extensions. But when you combine "3s and 5s" and "Fibonacci" you end up with a pretty reliable pattern. When there is a three wave move in progress (which could eventually turn into a five), you can pretty reliably trade that move (up in this case) to the 0.786 trend extension (highest probability), the 1.000 extension (high probability), or it could turn into a five wave move that goes clear up to the 1.618 extension (lowest probability move). It is not wise to be dogmatic about these strategies though, because you have to listen to the market. The market is the CEO of this enterprise, not the lines on your chart. That said, this works better than 50% of the time without question. It's a generally truthism that markets move in 3s and 5s. The challenge comes when it comes to 'wen buy, wen sell.' There is no right answer to that. Sure, the market moves in 3s and 5s, but to take advantage of it requires fluidity and a careful consideration of your (a) risks, (b) 'Bayesian priors" (if you will), and (c) the adjacent future outcomes as the come into view. This is not an endorsement of either methodology. It is merely a demonstration of the veracity of components of those methodologies. Trade well.
CME_MINI:ES1!Long
by FuturesTradeClub
7
#WLDUSDT Holds Potential for a Massive Rally!Hello everyone, I’m Cryptorphic. I’ve been sharing insightful charts and analysis for the past seven years. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: On this 2-day timeframe, WLD has broken above a key resistance trendline and is now trending above the 21 EMA. With this breakout, WLD is aiming for $2.832, where the first resistance lies. A correction is possible after reaching this level, but in the long run, WLD holds the potential to achieve 6x-7x gains. Key levels: - Support: $1.76. - Accumulation: $1.33 to $1.8. - Initial Resistance: $2.832. - Long-term Targets: $4.56, $6.75, $10.74. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
16
Is a Hang Seng Revival on the Horizon?The Hong Kong Index has faced challenging years since reaching its all-time high in 2018. The downtrend accelerated in 2021, bringing the index to a low of around 15,000. The subsequent reversal aligned neatly with horizontal resistance and the 50% Fibonacci retracement level, indicating that the bears were not finished yet. Indeed, 2023 also saw a continued downtrend. However, and this is crucial, the index did not make a new low. Instead, the decline halted at the strong 15,000 support level. In early 2024, a significant break above the falling trend line was observed at the end of April. The correction that followed confirmed the broken trend line, suggesting that this breakout is genuine and indicates a long-term shift in trend. September began with a higher low, followed by a powerful surge above the 20,000 level for the first time in over a year. This sequence of events suggests the potential beginning of a long-term bull trend, with the possibility of the index reclaiming the 23,000 level by 2025. For those looking to initiate a long-term buy position, there are two key levels to watch: 19,500, the former resistance level, and 18,500, which now serves as strong support.
HSI:HSILong
by Mihai_Iacob
10
Bearish drop?USOUSD is rising towards the resistance level which is an overlap resistance that aligns with the 23.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 69.06 Why we like it: There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 71.26 Why we like it: There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement. Take profit: 65.90 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:USOUSDShort
by VantageMarkets
2
GOLD 4H ROUTE MAP UPDATEHey Everyone, Another PIPTASTIC day on the charts with our analysis playing out. Yesterday Ema5 cross and lock above 2626 opened 2645 and 2664, which were completed perfectly!! We were then looking for a cross and lock above 2664 to open 2682 and if momentum allowed then 2699. 2682 was hit but volatile candle didn't give us enough time for the lock. However, the candle body close gave us enough time for the confirmation before the hit completing the target. The extended target to 2699 remains open that's why we call it the potential target when completing a range for the final trail stretch. We are now seeing wick rejection at 2682 back down to 2664. If EMA5 fails to cross below 2664 and this level holds, as support, then we are likely to see another 2682 retest and our final stretch at 2699. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before, each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2626 - DONE EMA5 CROSS AND LOCK ABOVE 2626 WILL OPEN THE FOLLOWING BULLISH TARGET 2645 - DONE POTENTIALLY 2664 - DONE EMA5 CROSS AND LOCK ABOVE 2664 WILL OPEN THE FOLLOWING BULLISH TARGET 2682 - DONE POTENTIALLY 2699 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
WHATS FLOWING!?: EURCAD | EURJPY | GBPCHF | BTCEUROANDA:EURCAD OANDA:EURJPY OANDA:GBPCHF COINBASE:BTCEUR Today's Episode of What's Flowing: EURCAD, EURJPY, GBPCHF, BTCEUR Trade Ideas In today's episode, we will be looking at four key trading pairs and their current market movements, providing insights into potential trade setups and market sentiment. 1. EURCAD Current Price: EURCAD traded at 1.50239, slightly decreasing by 0.04% since the last session. Over the past month, it has lost 0.19% but remains up 5.46% over the last 12 months. Forecast: Projections suggest EURCAD could decline further, with expected levels at 1.48962 by the end of this quarter and 1.48690 in a year. With a declining trend, this suggests a potential short setup for traders looking to capitalize on continued weakness in the pair. 2. EURJPY Current Price: EURJPY traded at 160.189, showing a gain of 0.34% in today's session. It’s up 0.70% over the past month and 1.57% over the last year. Forecast: EURJPY is projected to climb to 161.743 by the end of the quarter and 162.624 within a year. Given its upward momentum, this pair presents a potential long trade opportunity for those looking to take advantage of its positive trajectory. 3. GBPCHF Current Price: GBPCHF traded at 1.13158, increasing slightly by 0.05% today. The pair has gained 1.26% over the past four weeks and 1.62% over the past year. Forecast: With forecasts indicating a potential drop to 1.11578 by the end of the quarter and 1.11645 within the year, this pair offers an attractive short opportunity for those looking to ride the predicted downside. 4. BTCEUR Current Price: Bitcoin is trading at 57,015.7 EUR, rising 0.70% today. Over the past year, BTCEUR has seen a staggering rise of 129.62%, with strong momentum in recent months. Forecast: BTC is expected to correct slightly to 51,739.8 EUR by the end of this quarter and could drop further to 48,987.6 EUR in one year. This indicates a potential profit-taking opportunity or a short-term pullback setup for those cautious about BTC’s extended rally.
by moneymagnateash
2
BTCUSD - BITCOIN seeing strength?Good day traders! Alright. For BTCUSD I'm still seeing the same pattern, however things are starting to look a little more optimistic. The pattern that I've been discussing for weeks now is the series of lower highs and lower lows. Once we break this pattern, then we can start to talk about that move to ATH and ~$85k above ATH. We NEED to break FWB:65K and ideally with above average volume (which I did not discuss in the video). We need a breakout with volume to get some gas in the tank so to speak. If we can do that, it simply increases confidence in the bullish scenario. There's never any certainty in the markets, but from a pattern perspective, we have to break the pattern in order to gain confidence in the next move. Break the pattern to the upside, I believe we'll see new highs. We have yet to break the pattern to the downside, but that is not off the table. I'm simply saying things are looking better from a bullish perspective at this time .
Long
by bitdoctor
25
Fed Kicks Off Rate-Cutting Cycle. Why the Muted Market Reaction?Central bank bros met traders’ loftiest expectations with a half-point cut to interest rates on Wednesday. But is that too good to be true and maybe even a signal of some problems with the US economy and looming fears over at the Fed? Trading today isn’t the same as trading yesterday. Even though prices don’t really confirm it — there wasn’t a super-duper rally in stocks. Maybe gold XAU/USD flickered a bit, but it was mostly froth . And here we are — the first day of trading in an environment with lower interest rates. Jay Powell, head of the Federal Reserve, announced on Wednesday the first trim to borrowing costs in four years. The move ushers in a new normal where US interest rates USINTR are projected to continue moving lower from their 23-year high of 5.5%. The easing cycle kicked off with a jumbo-sized 50 bps (basis points) slash. Surprisingly, the Fed went for the juicier, bolder and more aggressive option, leapfrogging the less interesting and exciting cut of 25 bps. First reactions across the board showed investors were hyped to get what they wanted — the broad-based S&P 500 hit an intraday record . Shortly after, however, stocks across the board pulled back and markets became anxious over the outlook as the realization kicked in. If the economy is doing fine, why go big on cuts from the get-go? What’s more, central bankers are keen to ax interest rates by another half point in 2024, ultimately wrapping up the year with the benchmark rate sitting at 4.25% to 4.5%. Christmas may come early — the Fed meets twice more this year, on November 7 and December 18. Better Safe Than Sorry? A super-sized half-point cut could actually be a pre-emptive measure to alleviate a strained economy. But if inflation is now largely in the rearview mirror , what could the problem be? The other mandate. The Fed has a dual mandate of keeping prices in check (inflation) and upholding a stable labor market (jobs). “We will do everything we can to support a strong labor market as we make further progress towards price stability,” Jay Powell said at the annual Jackson Hole gathering last month. And indeed, America’s jobs have seen a pronounced slowdown over the past few months. In July, markets added just 89,000 jobs (revised from an initial estimation of 114,000 ). In August, hiring had picked up modestly to 142,000 , but below expectations for 164,000. Pros and Cons of Bumper Cut Essentially, this big-boy cut of 50 bps is a double-edged sword. It cuts into borrowing costs, making money more affordable, potentially stimulating businesses to add more jobs and grow their gig. And it also prompts consumers to take on debt and get that house. But on the flip side, a cut of that magnitude risks stirring up price pressures again. To get to full employment, the Fed faces the challenge of knocked inflation waking up from its slumber. The size of the cut at this particular time doesn’t mean anything without the markets’ reaction to it. Apparently, investors were unimpressed and shrugged it off as no big deal. Looking ahead, however, the stakes are high because stocks are at all-time highs. The S&P 500 touched a record, Big Tech is leading the charge into artificial intelligence and investors can’t own enough of the highflyers Nvidia NVDA , Meta META , Apple AAPL , etc. The actual picture will become clear once markets figure out what the Fed’s rate-cutting cycle means and what to do about it.
SP:SPX
by TradingView
25
Gold Rush Sweeps Global Markets: What’s Behind the Record Run?The shiny stuff has outperformed stocks by a lot this year, sparking a debate over gold’s characteristics as an asset: is it just a pet rock that does nothing but sit idle, or is it the ultimate timeless store of value that trounces every competitor in times of uncertainty and gloomy outlook? Gold XAU/USD is so back — the precious metal has outperformed nearly every other megacap asset, including the S&P 500 where 500 of America’s biggest and brightest companies generate returns for shareholders like a restless corporate machine. Since the start of trading this year, gold is up a solid 25% to hit a record high of $2,590 earlier this week. In comparison, the broad-based Wall Street average, the S&P 500 SPX , is up 18% over the same time span. Thank the impatient people who bet on prospects and can’t wait for the rumor to materialize. To a fairly big extent, the gains in gold are driven by the prospects of lower borrowing costs. Not the single cut to interest rates , which would be in the ballpark of 25 basis points to 50 basis points. That’s fairly fresh — way before that, early in 2024, investors were high on hopium that they’ll get as many as six slashes to interest rates. Hopes Fade but Gains Stay Gold didn’t show any signs of fatigue despite the Fed pushing against the consensus views. It plowed through mixed bags of macro reports showing that the US economy was zig-zagging between hot and cold. Ultimately, gold won back its reputation as a preferred investment in times of shifting monetary policy landscapes, brewing geopolitical tensions , and overall uncertainty and gloomy outlook for global markets. The fast-paced, hot-to-the-touch gold market today is in stark contrast to historical performance. During the time frame 2011 through 2018, gold was virtually muted and hugging the flatline with nothing exciting about it. Right now, gold’s everywhere — from the retail trader’s portfolio to the central banks’ vaults. Global central banks, the money-printing machines with infinite reserves, stacked up the bullion to the tune of 483 tons in the first half of the year, says the World Gold Council. It’s a record since record-keeping began. Good Guy Gold But wait, that's not all — gold has buoyed some free riders. Gold-backed assets are partying hard, too. Gold mining companies are whizzing through, riding on massive year-to-date gains with the top performers up about 30%. Exchange-traded funds with exposure to gold are flaunting big gains as well. These gold ETFs barely flash any red on the year with the top players flexing advances by as much as 50%. The Great Portfolio Rotation or What’s Opportunity Cost? By the looks of it, there’s this portfolio rotation into gold in the lead-up to the Federal Reserve’s upcoming interest rate cut. The US central bank is getting ready to knock down the cost of borrowing in an effort to alleviate some of the strain on the economy and lean against a possible recession. What’s gold’s role in all that hubbub? Gold gets more attractive amid lower interest rates thanks to something called “opportunity cost.” In a nutshell, higher rates generally benefit fixed-income assets like bonds that get you guaranteed returns. And why jam your money into gold when you can ride out the high-rate wave and churn out 5% on the 10-year bond US10Y . That’s opportunity cost — missing out on fun, gains and dopamine while your hands are full with a non-yielding asset. What we’ve seen so far is a marked shift away from it. Bond yields are falling in anticipation of the Fed’s rate cut, prompting investors to ramp up their long positions in the yellow bars, which are notorious for … well … yielding nothing. In other words, holding gold gets you no yield, interest, or dividend whatsoever, unlike bonds or the US dollar deposits where you can sit around and do nothing and still make money. The prospects of downshifting interest rates have diminished the opportunity cost of non-yielding gold. Apparently, the shiny metal still has it — whenever the right conditions perk up, gold lives up to its standards of being a safe haven and a store of value. What’s your take on gold? Do you have a long position in it or you’re a permabear who’s brave enough to short it at the top? Comment below!
OANDA:XAUUSD
by TradingView
21
USD/JPY may squeeze if Fed delivers dovish disappointmentUSD/JPY looms as a prime squeeze candidate should the Fed disappoint on extremely dovish market pricing, not only likely to benefit from the probable uplift in US bond yields but also recent shifts in market positioning. USD/JPY staged a decent reversal on Monday after slicing through the Dec 28 low of 140.273, printing a hammer candle on the daily. With RSI (14) nearing oversold territory and breaking the downtrend it’s been in since the start of September, directional risks may be shifting. I’m not rushing into a long trade just yet, but I am keen to see whether the price holds above 140.273 today. If it does, longs could be established with a stop around 139.60 for protection. Make sure you keep positioning front of mind given how volatile the pair has been recently. 143.63 looms as a suitable trade target with only minor resistance at 141.73 located in between. Good luck! DS
Long
by FOREXcom
11