Tesla (TSLA) Stock Underperforms the Broader Market Analysing Tesla (TSLA) stock chart on 12th December, we: → Identified an ascending channel, with the November price consolidation around $350 (marked by a thick blue line) potentially indicating the median line of the long-term ascending channel (highlighted in blue). → Mentioned that TSLA stock price could move toward the upper boundary of the channel, located near the psychological level of $500. However, the stock remained vulnerable to a pullback with a potential test of the $400 level. What happened after our analysis? https://www.tradingview.com/x/5lHot5jh/ According to Tesla (TSLA) stock chart: → The price bounced off the upper boundary of the channel, falling short of the psychological $500 level by approximately 2.5%. → On Friday, TSLA stock dropped by more than 3%, making it the worst-performing stock within the S&P 500 index (US SPX 500 mini on FXOpen). This indicates that buyer momentum may have waned, leading to a correction from overbought levels (as indicated by the RSI) toward fair value, which could align with the channel’s median line. A test of the $400 level could be relevant. Meanwhile, Wall Street analysts are pessimistic. According to TipRanks: → Only 13 out of 34 surveyed analysts recommend buying TSLA stock. → The average price target for TSLA is $293.76 by the end of 2025. 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.
Ethereum is approaching the sweet buying zones (two of the yellowish zones). With recent bearish dominance on the markets, Ethereum did a good movement to lower zones, resulting in a reset for the price. Now we wait for the first yellow zone to be reached, where we would start to look for a long position and possibly also DCA the position!! Swallow Team
Wipro stock may experience intraday bearishness, with key support levels at ₹303 and ₹299.50 in the cash market. Real-time price fluctuations could cause variations, as gap movements are not factored into these levels. This information is only for educational purposes.
The GBP/USD pair has fallen more than 7% since September 26, 2024, largely in response to the strengthening of the USD following Donald Trump's recent victory in the US presidential election. However, it appears that GBP/USD has found significant support on the daily chart, forming a double bottom pattern in the 1.2500 region. This level has been an important reference point throughout 2023 and is poised to act as support once again. Confluence of Factors Several elements suggest a potential upward movement in GBP/USD: 7% Decline Without Significant Retracement: The pair has seen a substantial decline since September without any meaningful pullbacks. Key Support Region: The price has touched an important support level on the daily chart. Double Bottom Formation: The emergence of a double bottom pattern on the daily chart adds further support to the bullish hypothesis. Considering these points, a long setup could be contemplated if the candle on the daily chart for December 23 closes above the high of the preceding candle. This would create a bullish Engulfing Pattern, which is often viewed as an ignition signal and a buying opportunity. Potential Targets for a Long Trade 1.2800: This target is a previous resistance point that previously hindered further price increases. It also represents a round number, offering approximately 180 pips from the entry point. 1.3000: Another significant resistance level and round number, approximately 380 pips from the entry point. Stop Loss A suitable stop loss could be placed slightly below support on the daily chart at around 1.2470, providing a distance of approximately 150 pips from the entry point. Alternative Scenario Should GBP/USD break below the support level on the daily chart, the next downward movement could see it fall to the 1.2330 level, where it may find another area of support. Impact of Economic Data: UK GDP and US Consumer Confidence The upcoming release of UK GDP data should be closely monitored, as it is a critical indicator of the health of the UK economy. If the reading comes in lower than expected, the market may speculate that the Bank of England (BoE) could be forced to cut interest rates to stimulate growth, potentially leading to a depreciation of the Pound. Meanwhile, US Consumer Confidence data is likely to affect market volatility as household consumption accounts for approximately two-thirds of GDP. A reading that exceeds expectations could indicate strong consumer confidence in the economic outlook, which might lead to inflationary pressures and prompt the Federal Reserve (Fed) to consider raising interest rates, thereby strengthening the USD. As the GBP/USD pair approaches a crucial support level, the technical indicators suggest a potential for upward movement. However, traders should remain vigilant of the upcoming economic data releases and consider how they might influence market dynamics. Combining technical analysis with fundamental insights will enhance the likelihood of making well-informed trading decisions during this pivotal moment. Disclaimer 74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fulfill the imbalance and then to reject from bearish OB. Like, comment and subscribe to be in touch with my content!
4-Hour Timeframe Analysis for NAS 100U In the 4-hour timeframe, we have observed a confirmed bullish trend. The price has reached a short-term peak and established this level, allowing for a pullback that can facilitate liquidity accumulation. If this pullback holds, we anticipate upward movement toward our identified target. However, we must remain cautious. If the Order Block Decisional fails, we will revise our selling strategy accordingly. In addition, should the Order Block Extreme be confirmed in the specified area, we may reconsider re-entering a buy position. It is essential to keep trades open until we hit our Fibonacci-based take-profit targets.
XAU/USD Chart Analysis and Analytical Gold Price Forecast for 2025 With the holiday season underway, this week may be less volatile than the previous one, which was dominated by central bank decisions. This presents an opportunity to analyse the broader trends and outlook for gold prices in 2025. The XAU/USD chart reveals that gold prices have been moving within an ascending channel, gaining approximately 27% since the start of 2024. https://www.tradingview.com/x/gWvkHnyK/ The short-term outlook appears bearish due to the following factors: - Gold prices fell after last week’s Federal Reserve interest rate cut, signalling increased selling pressure. - The $2,720 level remains a key resistance, having reversed the price downward in November and December. - While a recent upward reversal (indicated by an arrow) shows renewed buying interest near the lower boundary of the ascending channel, persistent selling pressure could still lead to a bearish trend. This might result in a breakdown below the blue channel's lower boundary and the formation of a descending channel (outlined in red). Despite short-term challenges, analysts remain optimistic about gold's prospects for 2025. Donald Trump's return to the White House may significantly change global trade, Western alliances, and geopolitical dynamics. These uncertainties may increase demand for gold as a so-called safe-haven asset. A BullionVault survey of around 1,450 participants predicts that gold prices could reach $3,070 by the end of 2025, driven by concerns over geopolitics and mounting national debt. In this context, even if the lower boundary of the blue channel is breached, bullish momentum could resume, possibly from one of the grey support levels. 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.
Gold Technical Analysis The price is expected to consolidate between 2620 and 2638 until a breakout occurs. Initially, the price will likely attempt to reach 2638 from the pivot line, which is between 2620 and 2612. If the price manages to break above 2638 by closing a 4-hour or 1-hour candle above this level, it could push further upward toward 2653. Conversely, if the price stabilizes below 2612, it would indicate a bearish trend toward 2585. Key Levels Key Levels: Pivot Point: 2620 Resistance Levels: 2635, 2645, 2653 Support Levels: 2612, 2600, 2558 Trend Outlook: Bearish Trend: Below 2612 Bullish Trend: Above 2620
Pudgy penguins token Airdropped to sol ogs Ogs don't usually panic sell This probably retests the highs
USDCAD in bearish trend, printing a descending channel. Sell with a sell stop at the breakout