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JPMorgan: In the future, CHF might be "more expensive"JPMorgan: In the future, CHF might be "more expensive" Although there are obstacles that could hinder the franc's ascent, they don't seem to be halting it as of now. Furthermore, even if the currency has witnessed the largest short-selling bets in the past two years as the surge continues, any increases in Middle East tensions or central bank action might drive up the price of the currency. Following the October 7 Hamas attack on Israel, Andreas Koenig, head of global currency management at Amundi, changed his position on the franc from negative to neutral, saying that "it would be a mistake to undervalue it in the current situation." "It was not our intention to escalate the ongoing confrontation
Long
by Chart_MasterPro
AUDNZD SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity AUDNZD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
18
EURUSD: European stock futures edged higherTuesday's opening of European stock markets is anticipated to be higher as investors digest more corporate earnings in advance of the publication of significant growth and inflation data in the area, overshadowing China's dismal activity statistics. While consumer prices are predicted to rise 3.1% annually in October, down from 4.3% the previous month, the gross domestic product is only likely to grow by 0.2% annually in the third quarter, down from 0.5% growth in the previous quarter.
Short
by TrategySherpa
BTCUSD:; Bitcoin forecast next week: Approaching the $30,000 marSince the beginning of October 2023, Bitcoin price has increased 8.3% and is approaching the psychological barrier at the 30,000 USD mark. Finance BankingBitcoin forecast next week: Approaching the 30,000 USD markDuong Lam • {Publishing date}Since the beginning of October 2023, Bitcoin price has increased by 8.3% and is approaching the psychological barrier at the 30,000 USD mark. According to CoinDesk data, updated on the morning of October 22 (Vietnam time), Bitcoin price traded at 29,880.3 USD/BTC, corresponding to a capitalization of 583.2 billion USD. Compared to early October, this cryptocurrency has increased by 8.3%. “Bitcoin's bullish momentum is supported by positive news about the possibility of approval of an exchange-traded fund (ETF) for this cryptocurrency next week, along with an increase in applications to open a fund Bitcoin ETF,” said Lucy Hu - senior trader at Metalpha.
BINANCE:BTCUSDLong
by Chart_MasterPro
AUDUSD: Asian foreign exchange increased slightly after China anMost Asian currencies rose slightly on Wednesday following news that China's economic growth was stronger than expected, although concerns about an escalation in the Israel-Hamas war limited gains. Fresh concerns about higher long-term US interest rates also persisted after stronger-than-expected September retail sales data, which markets fear could lead to inflation. growth increases. However, currencies that had been hit hard, especially those with exposure to China, saw some gains after China's third-quarter gross domestic product (GDP) Nation is strongly announced. Australian Dollar up 0.2%
Long
by Chart_MasterPro
AUDUSD: Asian foreign exchange little changed as dollar falls; TMost Asian currencies fell slightly on Monday, while the dollar edged away from recent peaks as investors continued to worry about any potential spillovers from the Israel-War. Hamas. Demand for riskier Asian currencies remained weak, while the dollar saw mild profit-taking after reaching near a 10-month high last week. Concerns about higher interest rates in the US, after inflation rose sharply in September, kept Asian market sentiment largely negative. The Australian dollar rose 0.4%, recovering from a 10-month low, although sentiment towards the currency remained dampened by weak commodity prices.
Short
by Chart_MasterPro
AUDUSD: Market update: Asian stocks may fall as tensions escalatAsia-Pacific markets are preparing for a mixed open on Monday as escalating tensions in the Middle East and the US reporting season weigh on investor sentiment. By 9:20am AEST (11:20pm GMT) the S&P/ASX 200 was down 0.2% while Nikkei 225 futures added 0.3%. Meanwhile, {{23705|US 10-year} bond yields, which have been on an upward trajectory and pushing stocks down, fell slightly on Friday. Gold futures also rose, posting their biggest daily gain in dollars since the Covid-19 lockdown in April 2020. Asian currencies remained relatively stable, with the Indonesian Rupiah, South Korean Won and Vietnamese Dong unchanged. The Thai Baht and Australian Dollar rose 0.3% each while the US Dollar Index fell 0.1%.
Long
by Chart_MasterPro
GBPAUD Heading Lower By Frankfurt and London Session OpenGBPAUD sellside liquidity or sell stops taken at market open of the week, market is going for buyside liquidity or buy stops during the Asia session, my opinion is GBPAUD to heading lower by Frankfurt and London session after buyside liquidity or buy stops taken. IMPORTANT: This is paper trade idea, not financial advice. Forex trading is a very high risk business, please ensure you master risk and money management before placing any live trade.
Short
by TraderMalaysia
PZZA - Papa Johns Potential Swing setupHi guys! This is a Technical Analysis on PZZA/ Papa Johns Pizza and its current price action showing a potential swing trade set up in my opinion. Lets jump right in. Note this is on the WEEKLY Timeframe. I am currently posting this on Thursday so current candle is not yet confirmed. Wait till friday's market close. And trading weekly candles it can also help to wait for the next 1 or 2 week candle closes for Confirmation. BUT i will do MY VERY BEST to keep you updated. (So follow me if your interested) Okay FIrstly PRICE ACTION: Current movement is breaking out of this Red Sloping Resistance line from our TOP (December 2021), We need to see if we stay above this, and it act as support in coming weeks. We are also moving above the GREEN Moving average, the 50 DMA, which we've been below about 5 months or 20 weeks. So it can be probable that we stay above it for atleast couple weeks, at the very least. Since we havent in some time. This move or MOMENTUM comes from testing and confirming SUPPORT from the convergence support line of the 2 white support lines from previous history dating back, December 2008 and July 2018, respectively. ALso note, the 2 green curved lines drawn, this indicates double bottom, which could also be adding to this upward move. My Target is where the RED Horizontal resistance line and BLUE moving average, the 100 DMA CONVERGE. For a return of 14%, before a possible PULLBACK. Now with PRICE ACTION, i combine some indicators usually momentum indicators to see whether or not certain areas will have enough or continue to have enough momentum to push through. Firstly we have the RSI -> The most important thing for me is to create a higher high on the RSI above this HORIZONTAL WHITE LINE. If we are above it come end of Friday, i see it as a good sign. Next we have the MACD. Notice we have a bullish cross, where blue line is above orange/red line with dark GREEN Histograms growing tall. -> You wanna see this for bullish case. Also notice how the white sloping line, highlights how the RED histograms have been getting smaller, showing waning bearish momentum. We are also below the 0 level, if we can get above this with the Bullish cross of the blue/red lines, it can be extremely BULLISH. It could have enough momentum to push passed the RED HORIZONTAL line @ $96.00 So keep an eye on MACD, in next coming weeks. Next is ADX & DI. Notice the white box, coinciding with December 2021 TOP. This was BEARISH indicated by RED line on top of Green line. Now coming to recent action, GREEN line is now crossing over red. Notice the WHITE horizontal line, if Green line can move above, this will indicate a higher high and a good sign. Also the white Moving average, can play a factor. If it crosses the green line when the green line is above red line, this can have bullish indication. Notice the previous history and the green circles highlighting the crosses. Lastly, the idea of BULLISH DIVERGENCE is a possibility. This is when Price action has lower lows but indicators show higher lows. WHen this happens, price action eventually catches up to match indicators with massive gains to the UPSIDE. Notice the RED line in RSI, indicating higher lows. But price action showing double bottom or sideway action. This could be a variation of a DIVERGENCE but also could mean the divergence hasnt formed yet, implying a future PRICE DROP creating a lower low. CONCLUSION: All in all, many things are happening in PZZA price action, indicating a battle for trend reversal. Weekly charts help show a more macro view of whats to come compared to Daily charts. We have a potential break of a MAJOR resistance line from December 2021 top, a reclaim of the 50 DMA, and a move of atleast %14 happening. We could have a potential double bottom formation with a bounce from converging support lines, in play. Indicators also show probability of momentum still left in the tank for prices to continue Up. On the downside, there is always chance of price moving down, and a potential of a Bullish divergence, though a great sign overall could mean a short term price drop for it to play out. Anyway i hope this helps. Let me know what you think by COMMENTING! Please, if you like this analysis, do boost and follow for updates/ other charts on all kinds of trade-ables. DISCLAIMER: I am not a financial advisor. This is not financial advise. This is my opinion and for educational expression. Risk management should always be a majority of your strategy, do practice proper risk management and issue stop losses. Thank you.
NASDAQ:PZZALong
by SafofAllTrades
BTC possible next move.Currently, BTC is forming a Ascending Triangle pattern and might play inside the pattern, because of the gap below because of the pump. If BTC fail to break the current resistance, we might see the price going back down and fill the gap 1st before going back up and break the structure for another move up. This is not a financial advice, It is not 100% guarantee, and I only share base on what I see. Still DYOR, and TYOR ^-^! just giving you a possible next scenario in my perspective. Happy trading everyone, hope you will have a profitable year.
by itsmeharuru
FLOW possible next move.The recent swing high filled all the gaps on the market from the last dump as stated on the chart. We might see it move sideways, or retest lower because there is still imbalance below/gap that needs to be filled. I have marked the possible reversal of the trend/or where the candles might bounce back. Switch to lower timeframes to get a better entry point. My ideal entry point is when the market touch the Order Flow below the gap and bounce on it. This is not a financial advice, It is not 100% guarantee, and I only share base on what I see. Still DYOR, and TYOR ^-^! just giving you a possible next scenario in my perspective. Happy trading everyone, hope you will have a profitable year.
by itsmeharuru
STX possible next move.STX still in uptrend. If STX break above its most recent high, we might see it go to the possible target or sell short zone. If it gets rejected, there is still gaps below its current price. Go to lower TF for better entry if it touches the zones, and look for signs that the trend will continue or reverse. STX already hit the most recent liquidity zone, we might see it touch the First buying zone or the extreme OB/Ideal buying zone. Still DYOR, and TYOR ^-^! just giving you a possible next scenario in my perspective. Happy trading everyone, hope you will have a profitable year.
Long
by itsmeharuru
EOS possible next move.With EOS nearing its All-time low, from my perspective it's good to buy long from its current price at the support while it is still accumulating/ranging/gathering liquidity. reason to buy long: -EOS have a lot of events incoming (check on their website, twitter, coinmarketcal) -Support of accumulation/parallel channel. -Nearing its All-time low. -Have a huge gap to the upside (acting as a magnet). -Long wicks in the lower part of the candle, meaning there is a high buying pressure at this point. -Low risk, high reward ratio. -BTC halving is nearing. Still DYOR, and TYOR ^-^! just giving you a possible next scenario in my perspective. Happy trading everyone, hope you will have a profitable year.
ELong
by itsmeharuru
1