Nasdaq 100 futures recorded a 0.25% gain on Monday, reaching the resistance level of 21,030 amid ongoing uncertainty regarding former President Donald Trump’s proposed tariffs on key U.S. trading partners this week. The price exhibited a modest increase before retreating below a critical resistance zone, which ranges between 21,385 and 21,030. This zone plays a pivotal role in determining the future price direction. At present, the price remains below this level, indicating a bearish outlook as long as it continues to trade beneath it. Accordingly, a decline from 21,030 towards the support zone between 20,545 and 20,345 is anticipated. Moreover, if sellers exhibit strong momentum and successfully breach this support zone following a brief correction, a more pronounced and sustained decline is likely to ensue. A breakout above the resistance zone is necessary to reinstate the bullish trend. Bearish target: 20,545. 20,345. 20,110. Bullish target: 21,030. 21,385. 21570. Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
- Key Insights: MSTR's connection to Bitcoin creates high volatility, making it a candidate for short-term trading strategies. With crucial support at $142 and resistance at $543, watch for price movements that could trigger a short squeeze. The current market sentiment suggests active trading around these levels, driven by broader cryptocurrency trends. - Price Targets: Next week targets include T1 at $1,050 and T2 at $1,120, reflecting a potential bullish trend. Stop levels for LONG positions are set with S2 at $138 and S1 at $142, adhering to the required hierarchy S2 < S1 < 975.91 < T1 < T2. - Recent Performance: MSTR's recent market activity has showcased significant fluctuations, closely mirroring Bitcoin's price movements. The stock has experienced sharp declines in correlation with Bitcoin dips, but the potential for reversal exists as support levels are tested. - Expert Analysis: Experts emphasize the importance of monitoring price levels closely for potential short squeezes. The market sentiment remains cautiously bullish with a focus on recovery, provided MSTR can maintain its support. Analysts suggest remaining vigilant as the cryptocurrency landscape evolves. - News Impact: Recent fluctuations in Bitcoin have had substantial adverse effects on MSTR's stock price. Investor sentiment is heavily influenced by changes in the cryptocurrency market, highlighting the risks and opportunities that lie ahead for MSTR as it navigates these dynamics.
- Key Insights: Microsoft's stock is at a critical support level around $390, presenting an opportunity for long positions if this level holds. The recent rebound in tech stocks indicates a shift in investor sentiment that could strengthen Microsoft's performance. With broader market dynamics leaning towards recovery, traders should watch for potential upward movements if the stock can sustain above key support. - Price Targets: - Next week targets: T1=400, T2=406 - Stop levels: S1=389, S2=385 Price level rules specified indicate a strong alignment for a long position. - Recent Performance: Microsoft has faced significant pressure, nearing 52-week lows, yet recent trends in broader indices provide hope as the tech sector showcases resilience. The stock is closely tied to broader market movements, and maintaining above the critical support level could signal a recovery. - Expert Analysis: Analysts remain cautiously optimistic with the potential for bullish reversals if key support levels are maintained. The current macroeconomic context, including stabilizing interest rates and oil prices, could positively influence Microsoft's stock. Experts highlight the importance of these dynamics for any forthcoming upward momentum. - News Impact: While no major announcements directly linked to Microsoft have been made recently, significant partnerships in cloud computing and data centers highlight the company's growth trajectory. The overall bearish trends this year have led to discussions about potential market corrections, with recent trading sessions showing recovery signs among major tech stocks, including Microsoft.
? Long Position on KAITO/USDT ? ? Entry: $2.11 ? Target: $3.33 ? Stop Loss: Below $1.96 I'm taking a long position on KAITO/USDT as it's holding well within a strong ascending channel. Why This Trade? ✅ Price is respecting trendline support – strong demand zone. ✅ MACD is showing signs of a potential crossover, signaling a reversal. ✅ RSI is near oversold, suggesting buyers could step in soon. ✅ Risk-to-reward ratio is solid, making this trade worth the setup. ? Things to Watch: ? If price bounces off trendline, I expect continuation upwards. ? If price breaks below support, I’ll cut the trade early to minimize risk. All set! Let’s see how it plays out. Are you trading this setup too? ?? #Crypto #Trading #TechnicalAnalysis #LongSetup #KAITO
OANDA:NZDCAD Overall bias on NZDCAD is bearish, entry is based on the 4H bearish engulfing at the Daily AOI around 0.80976
- Key Insights: The GBP/USD currency pair is poised for potential downward movement, driven by the bullish trend of the U.S. Dollar. Traders should focus on critical support and resistance levels, as fluctuations in these zones may present trading opportunities. With the current market sentiment leaning towards caution due to economic data releases and the Fed's interest rate policy, a bearish position may be prudent as traders evaluate potential breakdowns below established support levels. - Price Targets: Next week targets are set with a bearish outlook. T1 is positioned at 1.250, suggesting a critical level where a potential decline could gather momentum. T2 is set at 1.245 to accommodate further downward movement. For stop levels, S1 is determined at 1.255, acting as an initial threshold. S2 is placed at 1.260 to safeguard against adverse movements, ensuring that S2 > S1 > 1.257 > T1 > T2 aligns with bearish expectations. - Recent Performance: The GBP/USD has experienced subdued activity, with traders closely monitoring market dynamics influenced by the U.S. Dollar's strength. The pair has been largely trading within a confined range, reflecting uncertainty and concern for potential volatility amidst economic announcements that could trigger price shifts. - Expert Analysis: Experts express caution with regards to GBP/USD trading, advocating for heightened awareness of technical indicators. The bullish sentiment in the U.S. Dollar is expected to linger, discouraging optimistic views on the pound. Probing key technical levels will be crucial for identifying entry and exit points as market conditions evolve. - News Impact: Federal Reserve policy adjustments and Bank of England statements are pivotal events that may impact GBP/USD in the near term. Traders should remain alert to macroeconomic developments, including interest rates and global economic data, which could lead to significant fluctuations in this currency pair, influencing trading decisions considerably.
AUDCAD is in downtrend on one hour chart but know showing bullish signs, rsi has formed bullish divergence and price has formed higher low on one hour time frame price buying is recomended with a short stop loss.
- Key Insights: Investors should look to accumulate shares of Apple as the market sentiment is optimistic, driven by recent strategic investments in AI and domestic production. Given the stock's resilience and bullish indicators, a gradual investment strategy could maximize potential gains as the company continues to navigate through a favorable technological landscape. - Price Targets: Next week targets are set with T1 at 243 and T2 at 250, focusing on the potential upward movement aligned with established resistance levels. Stop levels should be set at S1 of 237 and S2 of 235 to protect against any unforeseen downward shifts in price. - Recent Performance: Apple has showcased robust resilience recently, experiencing a 2% gain amidst a tech sector rally. The stock remains above critical support levels, which further strengthens its bullish outlook, especially as the sector recovers. - Expert Analysis: Analysts like James Demmer project a positive outlook for Apple, particularly due to its $500 billion investment in AI and domestic production in Texas. This signifies a strategic positioning within the evolving tech landscape, further supported by expert recommendations for a staged accumulation of shares to capitalize on growth. - News Impact: Apple's push for increased iPhone production in India and its substantial investment in AI development are notable developments that reflect an adaptive strategy amid shifting global dynamics. This focus on technology and employment generation is likely to enhance its market valuation and innovation capabilities moving forward.
◉ Abbott Laboratories NYSE:ABT ● The stock previously faced strong resistance near the $134 level, leading to an extended consolidation phase. ● During this period, a Rounding Bottom pattern emerged, signalling a potential continuation of the upward trend. ● Following a recent breakout, the stock has surged to its all-time high and is expected to maintain its upward momentum in the coming days. ◉ Amazon NASDAQ:AMZN ● Since August 2020, Amazon's stock has been consolidating, forming a clear Inverted Head & Shoulders pattern. ● After breaking above the neckline, the stock rallied sharply and reached an all-time high near $242. ● Following this, the price pulled back to retest the breakout level and with a successful retest, the stock is now well-positioned to resume its upward trend.
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