NVDA is at a major support level. NVDA hit an intraday low of 127 today. Based on multiple technical indicators, NVDA is a buy around the 125 price zone. VWMA20 = 140 VWMA50 = 140 VWMA100 = 125 TTCATR S3 = 123 Trade idea: Long = 127 Stop = 123 Profit = 155 1) buy 100 shares 2) buy 125 call 3) long call spread sell 155 call buy 125 call 4) short put spread buy 125 put sell 155 put Options data: 12/20/24 expiry Put Volume Total 318,966 Call Volume Total 380,956 Put/Call Volume Ratio 0.84 Put Open Interest Total 2,304,003 Call Open Interest Total 3,040,469 Put/Call Open Interest Ratio 0.76 1/17/25 expiry Put Volume Total 41,472 Call Volume Total 97,747 Put/Call Volume Ratio 0.42 Put Open Interest Total 4,177,795 Call Open Interest Total 3,391,793 Put/Call Open Interest Ratio 1.23 2/21/25 expiry Put Volume Total 24,905 Call Volume Total 46,275 Put/Call Volume Ratio 0.54 Put Open Interest Total 1,009,356 Call Open Interest Total 1,217,139 Put/Call Open Interest Ratio 0.83
BTC has reached Fib projection level $107,680 . Price on RSI is diverging. There may be possible retracement. Use tight stop loss. If price closes above $107,680 then there is possibility BTC will hit $123,545 level.
The pound has been among the strongest currencies in the G10 space so far this week, owing to strength in UK data and diminishing hopes that the Bank of England will deliver a rate cut at this week’s policy meeting. However, against the US dollar, it is likely to resume lower given how strong the greenback has been as expectations about a hawkish rate cut from the FOMC builds. Meanwhile, a bit of selling in the stock market is also boosting the appeal of the US dollar, and this could provide pressure on the GBP/USD as it tests THIS key resistance area around 1.2715 to 1.2720 – a prior support area and where we have the 61.8% confluence. This morning’s release of UK wages data surprised to the upside, and with it killed any hopes for a BoE rate cut this week. The Average Earnings Index rose to 5.2% on a 3m/y basis, beating the 4.6% reading expected. Strong wage growth and sticky inflation in the services sector are factors discouraging the BoE to cut rates further. The latest UK wages data come hot on the heels of global PMI figures released yesterday. The key theme was faster-than-expected manufacturing contraction but stronger services expansion. The standout was the US services PMI, hitting a 38-month high of 58.5, driven by firm optimism about output under a new Trump administration. Coming just ahead of the year’s final FOMC meeting, it highlights the US economy’s resilience and potential for strength—factors that could fuel inflation and a less dovish Fed. Today’s US retail sales data was mixed, and in any case unlikely to influence the Fed’s decision tomorrow. By Fawad Razaqzada, market analyst with FOREX.com
? Sell #GOLD 2657 - 2661 ? Stoploss 2669 Breakeven 2656.5 TakeProfit 1: 2655 TakeProfit 2: 2653 TakeProfit 3: 2651 TakeProfit 4: 2649 TakeProfit 5: 2647 TakeProfit 10: 2637 TakeProfit 20: 2617 TakeProfit 30: 2597 Trade at your own risk Protect your capital The Wizard ?♂️ Monday 12/16/2024 07:00 AM EST
Wave C is expanding from 2. The trend is to pull back to the long-term descending trade line. After the completion of Wave 2, I am waiting for the powerful Wave 3 in the yellow box.
Long term Investors or long term swing traders should enter the stock's trade. Cup and Handle formation on the monthly chart is in making Monthly closing above 140.41 will expose the stock to post Historical Highest price around 224 SL should be placed below 93 TP1 could be placed at 189 by entering the trade at 141 while TP2 could be set at 237, while as per projections, Trade could be closed at 224
LONG Cross x3 Entry: 0.15 - 0.13515 Targets: 0.172 - 0.198 - 0.239 Stoploss: 0.1193
According to the psychological mind, the BTC will never touch back the 100k back, if the BTC cross 120K.
In my opinion, Ethereum is currently very undervalued. However, I could see a potential correction to the downside in the short term to liquidate excessive leverage. Once the next weekly candle closes above the trendline, I believe Ethereum could experience a strong price surge upwards, potentially reaching the all-time high, and then targeting Fibonacci levels. Potential Scenarios: 1: Breakout Above Trendline: A close above the trendline on the weekly chart could signal a bullish move towards new highs. 2: Downside Correction: A slight dip could be seen to clear out leverage before a potential move upwards. What do you think the next Ethereum move will be? Is it more likely to be scenario 1 or 2? Let me know your thoughts!
Although subtle the lows of this range are ascending at a steeper angle than the lower highs are descending. This indicates, for the moment that there are slightly more buyers than sellers. However it could still go either way. If we break the lower green trend the price must drop further to find more buyers before we can expect to recover.