Stock market still in a HISTORICAL end game bubble territory !!! Unwind will be EPIC as capital rotation process unfolds.
Factors Contributing to AUD Weakness: Commodity Price Fluctuations: The Australian Dollar is closely tied to commodity prices, particularly those of raw materials like iron ore and coal. Any decline in these prices can put downward pressure on the AUD. Reserve Bank of Australia (RBA) Policy: RBA policy decisions, including interest rate adjustments and forward guidance, significantly impact the AUD. If the RBA adopts a dovish stance (indicating potential rate cuts or a slower pace of tightening), it can weaken the AUD. Australian Economic Data: Economic indicators such as GDP growth, employment figures, and inflation data play a crucial role. Weaker-than-expected data can lead to a decline in the AUD. Global Risk Sentiment: The AUD is often considered a risk-on currency. During periods of global economic uncertainty or risk aversion, investors tend to move away from the AUD, weakening it.
As expected, Netflix reached a new all-time high at $1,067, completing the magenta wave . Since then, the stock has already pulled back by nearly 20%. The ongoing magenta wave should extend further into our new magenta Target Zone, which spans $789.04 to $704.43. Since we anticipate a sustainable rebound from this range, it presents an opportunity to initiate or expand long positions. Such long entries could be hedged with a stop 1% below the Zone’s lower boundary, as there is a 30% chance that Netflix will drop below the Zone to complete the green wave alt. .
Since ATH we have been in a downward channel on the Daily BTC chart. Until we break up out of this there's nothing to be happy about on the Bull side of things for the mid to long term. That said, today we are at the bottom of the channel, so a swing trade long is tempting. What say you?
Solana often referred to as the Ethereum killer is tanking hard albeit Bitcoin also dipped to the $79k zone. Designed to facilitate decentralized app (DApp) creation, aiming to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of a blockchain, SOL has been building a scalable network with massive growth noticeable in its ecosystem. With Selling pressure increasing, Solana could be on the brink of a massive selling spree with support pegged to the $110-100 pivot points. However, should Solana bounced back and break pass the 78.6% Fibonacci retracement point, a trend reversal is inevitable. With the RSI at 35, a little shift to a 45 point in RSI could be all what Solana needs to catalysed a bullish breakout. Solana Price Live Data The live Solana price today is $124.43 USD with a 24-hour trading volume of $4,578,943,167 USD. Solana is down 6.54% in the last 24 hours, with a live market cap of $63,337,175,317 USD. It has a circulating supply of 509,018,387 SOL coins and the max. supply is not available.
We mentioned this pair last week and told you to keep an eye on the highest point of 2024. And there we are, MARKETSCOM:EURAUD is flirting with that area. If we continue to see the rate struggling to remain above that hurdle, there might be a chance for a slight retracement. What do you think? Let's dig in! FX_IDC:EURAUD Let us know what you think in the comments below. Thank you. 74.2% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
Those who know me know that this one on Tesla is an easy play, it's a chill idea, because I'm a chill person, so I assure you this is one of the chillest ideas ever, a bounce is mandatory here.
Last week, with the release of news, USD dropped and made a new low. I'm looking for price to touch the 1.44300 area and fall.
NUE Javelin trade is setting up nicely with a Sell opportunity. Good R/R . Nice tight stop.
I bought back xrpl 3x on all these lines. I firmly believe we are back up on the uptrend so I'm buying on the 3x Leverage I have sold at around $2.19.5 cents and I bought back on all these lines all the way down to $2.08 and 24 points. This is what they mean by being greedy when others are fearful buying back on the lower ends and watch it go up and capitalize.