SELL NASDAQNASDAQ100 is a tech based U.S. Company index. TL and SL only for paid customers.Shortby LetsGoSurf1
Today's analysis and strategies will help youHello traders, Tendency the price is a short pressure in 38,545 Turning level : The turning level in 38,545, so as long as the price under this level, there will be a bearish trend resistance level : breaking turning level in 38,545 , the price will rise to 39,016 and 39,318 ,stable this level it will started a bullish trend support level : trade stable under 38,545, the price will reach the support level of 38,110 and 37,794 corrective level : price will attempt in 38,545, correct itself before decline I HOPE YPOU A PROFITABLE DAY US30 it will attempt to bullish trend , to reach a 39,019 and 39,318by BURIK-Paul111
Macro Monday 51 ~ The Philippines - The Trading Hub of AsiaMacro Monday 51 The Philippines โ The Trading Hub of Asia The Philippine economy is currently the fastest-growing economy in South East Asia with solid promising growth projections for the next several years. The World Bank's Global Economic Prospects report on East Asia and the Pacific showed that the Philippines and Cambodia will be the second highest growing economies in East Asia and the Pacific, next to Palau which is projected to grow by 12.4%. 10 Reasons to consider the Philippines for significant investment returns: 1. The GDP growth rate in the Philippines was 7.6% in 2022 and 5.6% in 2023. The International Monetary Fund (IMF) raised its GDP growth forecast for the Philippines to 6.2% for 2024, as reported in their latest World Economic Outlook. This forecast is within the governmentโs revised 6-7% growth target. This puts the Philippines up there with India, the Ivory Coast and Ireland in terms of their GDP growth rate, all of which are some of the fastest growing economies in the world. 2. The population of the Philippines is 119 million with 28% (33 million people) of the population between the ages of 10-24, giving the country a sustained future labour market edge. The current labour market holds its own with 55% of the population between the ages of 20 โ 64 (64 million people). Similar to India, the labour force is young, capable and likely to be sustained. 3. The Philippines are semiconductor specialists. The largest export of the Philippines is semiconductors. Semiconductors make up a significant portion of the Philippinesโ exports, accounting for approximately 31.9% of the total electronic products exports. Electronic product exports in turn represent nearly 63% of the countryโs total exports. 4. Additional to the above electronic products, the Philippines are also major exporters of manufacturing machinery and equipment, making them similar to South Korea in this respect (covered a few weeks ago). Broadly Manufactured Goods contributed the largest to the countryโs total exports in January 2024 amounting to $4.83 bln or a share of 81.4 %. The Philippines are major machine and tool manufacturers (think Caterpillar Inc), however electronic products and semi-conductors are their forte making up the majority of their exports. 5. The second largest export of the Philippines is coconut oil, which has shown a significant annual increase in export value. It is one of the top commodity groups after electronic products in terms of export earnings. 6. The Philippines have a broad customer base in terms of exports. Their largest trading partner was the U.S. with an export value amounting to $902.3 million or a share of 15.2% to the countryโs total exports in January 2024. The remaining top five major export trading partners for this month with their export values and percent shares to the total exports were; a. Japan - $869 million (14.6%); b. Hong Kong - $761 million (12.8%); c. Peopleโs Republic of China - $625 million (10.5%) d. Republic of Korea - $356 million (6.0%). 7. The Philippines has made remarkable progress in reducing poverty over the past three decades. According the World Bank the poverty rate has fallen by almost 80% between 1985 to 2024 and this is expected to continue. According to the World Bank the current poverty rate is 10.7% however, the official poverty rate methodology in the Philippines is different and indicates that 18.1% of people live below the national poverty line. Of the employed population, 2.2% earn less than $1.90 per day on purchasing power parity (PPP) as of 2022. Regardless based on the Philippines methodology a target of <9% in expected to be hit by 2028 - set by the leading President Ferdinand R. Marcos. 8. Major Foreign Investment Incentivisation. The Philippines adopts an open economy that allows 100% foreign ownership in most business sectors. Many government corporations are getting privatized and the major industries such as telecommunications, energy, banking, and shipping have been deregulated. This gives foreign investors more freedom to set up operations in the country. In 2023, the Philippines saw a 6.6% decrease in FDI net inflow, totalling $8.86 billion, which was slightly higher than the targets set. For 2024, there has been a reported increase in FDI net inflows, with a 23.1% rise in March compared to the same month in 2023. The net inflow for March 2024 was $686 million. 9. Strategic Location. For investors aiming to tap into the ASEAN Free Trade areaโs vast market of over 600 million consumers, or to engage with the key economies of East Asia, including China, Japan, and Korea, the Philippines offers an ideal strategic position. Additionally, the nationโs prime location at the nexus of numerous global maritime and air routes makes it an excellent hub for integrating into the worldwide supply chains of various enterprises. Think of it as the versatile and dynamic Suez Canal of Asian trade with reduced regulation. 10. Finally, there are a number of additional other factors make the Philippines ripe for investment and growth; A. The Philippines boasts a high literacy rate of 94.6%, ranking third globally, with English widely used in education, media, business, and daily life, following Filipino (Tagalog) as the national language. This is similar to Ireland in Europe, which is also the only native English speaking country remaining in the EU since UKโs exit - Brexit. This gives these countries a trading edge. B. The countryโs growing economy is complemented by low business start-up costs, with labor and operational expenses significantly lower than in Western countries, leading to substantial cost savings for foreign companies establishing back offices and development centers. C. One of the worldโs largest archipelagos, the Philippines is rich in natural resources, ranking among the top gold and copper producers, with diverse marine and land species unique to its thousands of islands, alongside stunning tourist destinations. Bonus Note on President Rodrigo Duterte: It would be remiss of me to not mention the previous President Rodrigo Duterte who took a very harsh approach to resolving drug related crime in the Philippines. According to the Philippine Drug Enforcement Agency, during 216,138 anti-illegal drugs operations conducted between July 2016 and September 2021, 311,686 people were arrested and 6,201 were killed by the police Whilst controversial, this low tolerant approach resolved and remedied a major drug and crime issue that Philippines was burdened with. This has made the country as a whole more appealing for nationals and tourists. Duterte also increased infrastructure spending to an average of 5 percent of the countryโs overall GDP โ this is twice the budget in the administrations that came before him. As you can tell from all of the above, the Philippines is staged to enter into a monumental period of growth. The Philippine Stock Exchange also suggests that the stage is set, lets have a look. The Philippine Stock Exchange - PSE:PSEI The PSE Composite Index (PSEi) is composed of the 30 largest and most active common stocks listed at the PSE. The Top 5 Companies in the PSE are as follows; 1. SM Investments Corporation: A conglomerate with operations in retail, property, and financial services. It is one of the largest companies in the Philippines by market capitalization. Market Cap of $17 bln. 2. SM Prime Holdings (SMPH): One of Southeast Asiaโs largest integrated property developers, offering lifestyle cities with malls, residences, offices, hotels, and convention centers. Market Cap of $13 bln. 3. BDO Unibank: The largest bank in the Philippines by assets, loans, and deposits. It offers a full range of banking services and products to the retail and corporate markets. As of June 2024, BDO Unibank has a market cap of $12.11 billion. 4. Golden MV Holdings: A company that develops memorial parks and columbarium facilities in the Philippines. It also engages in real estate through its subsidiary Bria Homes, Inc. Market Cap of $12 bln. 5. International Container Terminal Services Inc. (ICTSI): A leading operator of container ports and terminals in the global trade and shipping industry. Market Cap of $11.7 bln. We might look at a couple of these company charts later in this article and possibly more in coming days. The PSEi Index chart I am about to share reminds me of the Brazil Emerging Market ETF Index AMEX:EWZ chart which we previously shared weeks ago. It also looks a little like the AMEX:URA chart and or U.S. Small Cap 3000. All these charts are forming long term pennants and breaking to the upside. We are still pending a decisive move on the PSEi below. โซ๏ธ You can observe a compressing pennant with a breakout very likely approaching. Given the positive strides being made in the Philippines I am leaning towards a bullish break out in the above, however this will likely be a measure and slow move. โซ๏ธ If this chart moves in the right direction and gets above its 21 day moving average we can presume the market is moving in the right direction in the Philippines and thus seek out some companies to invest in, knowing that the wind is at our back. โซ๏ธ Investing in the above would obviously leave you exposed to a currency risk in the Philippine Peso. So you need to keep an eye on that currency pair. โซ๏ธ The above chart is not a prediction, however it does have a double bottom look about it and with that in mind, there is a back end potential for an up to 12% currency gain in a longer term trade for U.S. investors. Itโs a very interesting background set up. โซ๏ธ This means if you invest in Filipino stocks or companies, there is potential here that you might get additional %โs from the back end currency play. โซ๏ธ Equally, if we lose the current low on the Peso, this would lead to losing potential gains, the currency risk in the trade. So you need to watch both charts if you enter a trade. Very important to keep an eye on the Philippine Peso if youโre an international investor converting your local currency into Pesos in order to invest in companies in the Philippines, however at present the chart looks like it might be an advantageous back end play. No Guarantees. Now lets look at a Philippine Stock that is large, liquid and heavily relied upon by multiple sectors in the Philippines and obviously we need a DAMN GOOD CHART. International Container Terminal Services - SET:ICT โซ๏ธ The chart speaks for itself and presents a good 6:1 risk: reward set up. โซ๏ธ That 100 SMA can provide a nice structural support for anyone wanting to stay in the trade longer or at least have a level that if convincingly lost, you can cut your losses. Equally the 100 SMA would also be a great entry level. โซ๏ธ The above SET:ICT chart reminds me so much of the Reysas LoJistik BIST:RYSAS chart which is a similar business in logistics and transportation but in Turkey. Please have a look below. COMPARISON Reysas Lojistic - BIST:RYSAS โซ๏ธ I am sharing this chart as a reference to potential outcomes for ICT. โซ๏ธ Very Similar Company Sector and Chart to the above ICT Chart in Philippines. Could we see similar continued advances in ICT? There are a number of REALLY interesting chart set ups for the Top 5 companies in the Philippine Stock Exchange (we shared these tickers earlier). I will definitely add these in coming days and weeks as I see a lot of opportunity in the Philippine market place and the currency looks like it might be about to gain positive ground. It appears the Philippines is undergoing an monumental economic renaissance with the economic and demographic landscape looking incredibly favourable for this versatile archipelago. This nation of Islands is presenting an incredible investment opportunity, so great in fact, Iโve started looking at property there. It has so much potential and appears to be on the cusp of a major bull trend. We can watch the PSE chart and wait for the break out. All these charts are available on my TradingView Page and you can go to them at any stage over the next few years press play and you'll get the chart updated with the easy visual guide to see how the Philippine stock market has performed. I hope itโs helpful. PUKA PLongby PukaCharts111
SPX500USD ( BEARISH PRESSURE ) ( 4H )SPX500USD HELLO TRADERS Tendency the price is a short pressure in 5,438 Turning level : The turning level 5,438 , so as long as the price above this level, there will be a new historical peaks resistance level : breaking turning level 5,438 , the price will rise to 5,475 and 5,519 support level : braking a turning level 5,438 the price will reach the support level of 5,372 and 5,326 supply zone : below 5,438 demand zone : 5,372 and 5,326 I HOPE YOU A PTOFITABLE DAY Shortby ArinaKarayi3
Nikkei Index Falls Below 38,000 Points This Month for First TimeNikkei Index Falls Below 38,000 Points This Month for First Time According to today's Nikkei 225 (Japan 225 on FXOpen) chart, the index quote dropped below 38,000 points at Monday's low, followed by a recovery (shown by an arrow). One of the drivers of the decline was the automotive sector, whose shares led during the downturn. In particular, according to Reuters, Toyota Motors' shares fell by more than 2% as the company faces difficulties due to a certification scandal. Japanese national broadcaster NHK reported that Toyota will extend the production halt for some models until the end of July. The fact that the Nikkei 225 (Japan 225 on FXOpen) price is recovering after dropping below the 38,000 mark suggests a false bearish breakout below this psychological level. Technical analysis of the Nikkei 225 (Japan 225 on FXOpen) chart provides more insight into market dynamics: โ Since the beginning of 2024, there has been a sharp rise from point A to point B by more than 20%; โ This was followed by a retracement to point C, which constituted a Fibonacci 0.500 proportion of the AโB impulse; โ Then there was a rise from C to D, forming a Fibonacci 0.382 proportion of the BโC impulse. Thus, in the first half of the year, there has been a series of diminishing oscillations forming a triangle pattern, indicating a balance between demand and supply around the 38,380 axis. Today's potential bullish reversal (which is not yet fully formed) could confirm the relevance of the triangle's lower boundary and direct the price towards its axis. It is worth noting that the triangle boundaries are narrowing, and a possible imminent breakout of this graphical pattern, formed in the first half of 2024, could lead to the establishment of a noticeable trend. Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen116
A clear sell for meAfter a bull market last week, all the indices were short except for nas100.... Shortby MthobisiNtsele224
NASDAQ gave a multiyear breakout Nasdaq which is a USmarket Indice has given a breakout on monthly charts with a cup and handle pattern, even price action is seeming good. Also we will be witnessing US election in this year. This upmove can directly affect our indian IT sector. Longby Vallabh69Updated 7
NASDAQNasdaq analysis Weekly and daily time frame The price can return to the midline of the daily trading range and move towards the weekly resistance from there.Shortby m0neyminer2
Hang Seng Tries to Hold Key Support Amidst Mixed Chinese DataThe relief rally of the past four-months fades as HKG33 concluded a four-week losing streak, leading to a challenge of pivotal support levels. The Hong Kong index tests the 38.2% Fibonacci of this yearโs low/high advance, creating risk for a deeper correction towards the 61.8% level. Chinaโs post pandemic recovery is bumpy, underscored by distressed property sector, subdued factory activity and weak domestic demand, with CPI hovering around zero for the past year. Todayโs data showed a deceleration in industrial production to 5.6% y/y and another drop in house prices. Retail sales grew 3.7% y/y though, offering reasons for optimism. Furthermore, Chinaโs real estate market may be in poor shape, but Beijing has found new growth pillars in electric vehicles, car batteries and solar cells. Adding to hopes for better days ahead, both the IMF and the World Bank recently upgraded their China GDP forecasts. HKG33 finds reprieve today and tries to hold the pivotal 38.2% Fibonacci and the 200 Days EMA (blue line. Successful effort will give it the opportunity to retake 18,736 and the chance to push for higher highs (19,794), but the latter has a higher degree of difficulty. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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 (trading as โFXCMโ or โFXCM EUโ), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results. Hby FXCM1
Buy the dip on EU sharesDue to geopolitical and political uncertanties, we have seen declines EU stock market the last weeks. I think this could be a good place to start buying again for the longer run.Longby ScienceBasedTradingUpdated 3
Nifty pattern same in 1 htf It appears that the Nifty may be waiting to cross the 23,500 mark before beginning a downtrend. Same wedge pattern in 1hout timeframe Shortby k3103delhi1
Nifty making wedgeNIFTY is forming a wedge; it remains to be seen whether it will break on the upside or downside. Typically, this trend indicates a potential fall in prices in the coming days.by k3103delhi1
Dollar is going to soar for awhile nowGet ready, commodities will cave and so might the market. Look to my other threads for more elaboration. I'll continue my Dollar thoughts in this thread going forward after that change in dynamic after the FED meeting.Longby EmptyEternityUpdated 3
NIKKEI Rather long way until it bottoms but then +60% upside!NIKKEI (NI225) offers a very consistent long-term pattern when you look at it on the 1W time-frame. As you can see periodically, every roughly 3 years it peaks and then starts to correct through a Channel Down pattern towards the 1W MA200 (orange trend-line). It was only fairly recently (in relative 1W terms) that the index sought and found support on the 1W MA50 (blue trend-line) in October 2023, which started the rally leading to the March 2024 peak. If it follows the corrective Channel Down pattern that has been in effect for the past 9 years (since June 2015), then we may be a long way until we find a bottom. The process doesn't need to be an aggressive one, in fact the last Channel Down that started in February 2021 bottomed in a long but very steady manner in March 2022 and even had a long bottoming process that lasted until January 2023 before the recent massive rally was initiated. The 1W RSI patterns among those fractals are similar, so far in fact it is similar to the mid 2023 one that, as we mentioned above, 'only' corrected to the 1W MA50. As a result, we are expecting the current pull-back to extend at least as low as (near) the 1W MA50. If it breaks, we will only buy after it makes contact with the 1W MA200. The Target process has also been very consistent throughout those 9 years, with each rise from the bottom being roughly over +60%. As a result, from the level the index bottoms, our Target will be at +60%. ------------------------------------------------------------------------------- ** Please LIKE ๐, FOLLOW โ , SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ ๐ ๐ ๐ ๐ ๐ ๐by TradingShot10
US30 sell this is a clear break of structure to the downside before a big buy trade, pure technical analysis.Shortby Themathews2
DOW JONES - BEARISH TREND.Dow Jones (us30) index has been consolidating for around 9 days and now it's showing a good pattern breakout for a down/bearish trend for at least 2 weeks will be trending all the way to 37339.1 LEVEL and it will start to consolidate for another trend or reversal.Shortby KIRANI-MCHUMA2
US DOLLAR INDEX (DXY): Very Bullish Setup ExplainedThe Dollar Index is showing strong bullish momentum after breaking through a significant intraday resistance level. This level has now become a support area. With the market experiencing a continued bullish trend since last week, we could see further upward movement. The next resistance level to watch for is at 106.40.Longby linofx12
US30 BUY ON BREAKOUTS!!!!!!!!!!!!US30 completed over 2000pips from our last analysis entry now we have a falling wedge and am expecting a breakouts with retracements for buys Lets know your opinion on us30Longby CAPTAINFX25
correction It is expected that the correction process will continue until the support range, then according to the behavior of the indicator in the green support range, the continuation of the movement process will proceed according to the specified paths.Shortby STPFOREX1
Nasdaq plan for todayMy Nasdaq plan and thoughts for today. Remember, I am a trader who trades in the moment, take sells and buys where I see them. Feel free to ask questions in the comment section08:53by DrBtgar0
GER30 30mins - Triangle Breakout : an hour agoTriangle has broken through the support line at 6/19 11:00. Possible bearish price movement forecast for the next 9 hours towards 18,080.10. Expiry Date/Time: 6/19 20:59Shortby ronlobo0
US100 - NASDAQ Completing multi year patterns!!CAPITALCOM:US100 is in a window where we have multiple patterns completing. The major pattern from the covid low completed on time last week but with now reversal in sight yet we look at the price expectation of around 20500-20639. The smaller pattern from the Oct 2022 low goes out to the end of July. We are in the zone so we wait for a sign. Enjoy the day. by L_F0
NIFTY- Intraday Levels - 18th June 2024If NIFTY sustain above 23475 then 23507 then 23520 then 23520 to 23539 or 23555 above this bullish then 23603 to 23610 then 23634 to 23641 above this more bullish If NIFTY sustain below 23445 then 23419 below this bearish then 23366 then 23341 to 23334 or 23315 below this more bearish Consider +/- 32 points buffer in above levels. Please do your due diligence before trading or investment. **Disclaimer -ย I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.by PrashantTaralkarUpdated 0