#Uptrend

[likesmoney]

Stocks Crossed The Line

Stocks closed above the 50 day MA on Monday. We discussed on Saturday that close above the 50 day MA will shift the odds that stocks are in a new intermediate cycle.  Stocks also closed above the upper daily cycle band. Closing above the upper daily cycle band ends the daily downtrend and begins a daily uptrend. Closing above the upper daily cycle band also signals that the ICL has been set. —…

[allaboutforexworld]

10 Candlestick Patterns for Effective Trading

Candlestick patterns are a powerful tool for traders to analyze price movements and predict future market behavior. Developed in Japan over 300 years ago, these patterns are widely used in modern technical analysis. This article will explore ten essential candlestick patterns that can help traders make informed decisions and enhance their trading strategies. What are Candlestick…

[ultimatefxtools]

🚀 Long EMA trading strategy EMA + Signals 10 SEC 🔍

[dencyemily]

Unexpected Twist: Ripple's Revelation as Federal Contractor Spurs Downturn in XRP Price

In a surprising twist, Ripple, a prominent player in the cryptocurrency space, has unveiled its status as a federal contractor in a recent job opening. This unexpected revelation has sparked questions and speculation within the crypto community, potentially signaling a shift in Ripple's regulatory dynamics. Against the backdrop of ongoing legal battles with the Securities and Exchange Commission (SEC), this newfound affiliation adds complexity to Ripple's narrative and raises pertinent questions about its evolving relationships with governmental entities.

XRP Market Performance and Regulatory Uncertainties:

As XRP, the sixth-largest cryptocurrency, faces a current trading price of $0.5757, questions arise about its short-term performance. Despite a 0.70% increase over the past seven days, there's a notable 9.95% decrease in the 24-hour trading volume, suggesting a shifting market sentiment. The revelation of Ripple's federal contractor status adds an extra layer of uncertainty, prompting investors to closely monitor key metrics and indicators for potential shifts in market dynamics.

Legal Battles and Global CBDC Collaborations:

Ripple's prolonged legal struggles, particularly with the SEC, have been a focal point, providing insights into the regulatory landscape for cryptocurrencies. Recent reports indicate an expansion of Ripple's collaboration with over a dozen governments worldwide, contributing to the development of Central Bank Digital Currencies (CBDCs). While Ripple's Europe head emphasizes global collaboration for CBDCs, the disclosure as a federal contractor raises questions about the company's intricate relationships with regulatory bodies, adding further complexity to its narrative.

XRP Price Analysis and Technical Indicators:

Turning to XRP's price analysis, the cryptocurrency faces a downturn, invalidating a recent uptrend. The 4-hour chart reveals a micro-uptrend, with XRP attempting to breach a crucial resistance level at $0.5847, unbreached for the last 14 days. Technical indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), exhibit slight bearish signals. A potential dip to $0.560 is anticipated if this sentiment persists. However, bullish cues from the broader market may influence XRP's recovery, potentially propelling it beyond $0.600.

Conclusion:

In the midst of regulatory revelations and market uncertainties, Ripple's disclosure as a federal contractor adds a new dimension to its narrative. As XRP navigates this period of complexity, influenced by both regulatory dynamics and market trends, investors are advised to remain vigilant, closely monitoring technical indicators and developments to make informed decisions in this evolving landscape.

[cryptotechnews24]

Bitcoin Hits Highest Weekly Close of 2023, Signaling Positive Uptrend

In a highly anticipated move, Bitcoin (BTC) has achieved a remarkable feat, recording the highest weekly close of 2023. This milestone holds great significance for both market insiders and savvy investors, signaling a positive change in the cryptocurrency landscape. By forming a "higher high" on its weekly chart, Bitcoin has indicated a clear uptrend, breaking free from a rangebound trading pattern.

1. The Significance of a Higher High

A "higher high" on a chart is a classic pattern of technical analysis that indicates an uptrend. For Bitcoin, this achievement on the weekly chart is the first of its kind in 2023, representing a pivotal turning point. It brings about a shift in the prevailing narrative, offering encouragement to market participants and laying the foundation for a potential uptrend continuation.

2. Implications of the Milestone

This new development carries several implications that can shape the cryptocurrency market's future trajectory. 2.1 Stimulating Fresh Liquidity and Investment Inflows Bitcoin's higher high acts as a vital bullish signal capable of stimulating fresh liquidity and attracting new investment inflows. Technical traders and investors, always vigilant for signs of potential breakouts and trend reversals, are likely to interpret this positively. The achievement of a higher high encourages them to consider initiating or increasing their Bitcoin positions, thereby generating additional demand. 2.2 Changing Market Sentiment Achieving a higher high on the weekly chart also impacts broader market sentiment. Bitcoin's resilience and robustness amidst the uncertainties prevailing in the cryptocurrency landscape become apparent. This demonstration of strength from the leading digital asset has the potential to boost the morale of the entire market, creating a ripple effect across various cryptocurrencies.

3. Exercising Caution Amidst Market Volatility

While the recent milestone signifies a positive shift, it is important to approach the market with caution and avoid unnecessary risks. History has shown us that significant price movements can quickly change direction, highlighting the need for prudent decision-making. Evaluating risk factors and implementing proper risk management strategies is crucial to safeguarding investments.

Conclusion

Bitcoin's achievement of the highest weekly close in 2023 marks a significant turning point in the cryptocurrency market. The "higher high" on its weekly chart indicates a clear uptrend, contributing to increased liquidity and investor confidence. However, caution remains essential, as market volatility can alter the landscape swiftly. By staying informed, evaluating risks, and exercising prudent decision-making, market participants can navigate the ever-changing cryptocurrency market effectively. For more articles visit: Cryptotechnews24 Source: u.today

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[stocksharp]

Basic technical analysis for trading.

👩‍🎓 🧑‍🎓 "Technical analysis" is a method of studying stock behavior by analyzing charts to forecast future price trends. Technical analysts examine stock behavior based on price and trading volume (or trading value), considering them as important sources of information for technical analysis.

💥However, the strategies used in technical analysis are not formulated without principles. In fact, they are based on three concepts or beliefs:

1. Price Behavior Reflects All Information: According to this concept, the price of a stock reflects all relevant information. Economic, political, and other changes that impact supply and demand in the stock market will affect the price. Since the price is determined by the interaction of supply and demand, positive changes lead to increased demand surpassing supply (greater buying pressure than selling pressure), resulting in price increases. Conversely, negative changes lead to increased supply surpassing demand (greater selling pressure than buying pressure), leading to price declines.

👩‍🎓 🧑‍🎓 However, technical analysts primarily focus on price and volume data for analysis. This approach narrows the scope of study compared to fundamental analysis, which delves into the causes behind price changes. While analyzing fundamentals, the driving forces behind changes in supply and demand are thoroughly examined. Both approaches aim to solve the problem of determining the direction of stock prices, although they differ in their analytical models.

[likesmoney]

Bullish Backtest -- Update

On Tuesday we discussed how stocks retraced to backtest their breakout from the election.  We watching for a swing low and close back above the 10 day MA. Which is what happened. Stocks are currently in a daily uptrend. Closing back above the 10 day MA indicates a continuation of their daily uptrend and signals a cycle band buy signal. A break above the day 5 high of 6017.31 will assure us of…

[allaboutforexworld]

Relative Vigor Index Explained

The Relative Vigor Index (RVI) is a momentum oscillator used in technical analysis to measure the strength of a trend. Developed by John Ehlers, the RVI is based on the concept that prices tend to close higher than they open in an uptrend and lower than they open in a downtrend. This article will delve into the RVI, explaining its calculation, interpretation, and how it can be effectively used in…

[baominhland]

Bao giờ thị trường bất động sản bước vào giai đoạn "uptrend"?

Trước cái nhìn lạc quan cho rằng quý 3/2023 thị trường bất động sản hồi phục, nhiều chuyên gia lại thận trọng cho rằng, cần chuẩn bị tâm lý đón nhận thêm tin xấu và phải hết năm 2023, sang năm 2024 thị trường mới có thể bước vào giai đoạn “uptrend”. Dự án đang mở bán: Vinhomes Móng Cái Kỳ vọng giai đoạn “uptrend” vào quý 3/2023 Chuẩn bị khép lại năm 2022 đầy biến động và khó khăn, giới chuyên…

[kazifatagar]

Ringgit extends uptrend now against greenback in early trade

The Malaysian ringgit strengthened slightly against the US dollar on Friday, trading at 4.4600/4700 compared to 4.4610/4650 on Thursday. This follows robust US labor market data, which supports a measured monetary policy easing by the Federal Reserve, and pressure on the European Central Bank for rate cuts. The ringgit also gained against major currencies like the British pound and euro but…

[latestnewschronicle]

Uptrend Ecom: Your Path to E-commerce Success

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Also Read: Biden's Student Loan Forgiveness Revolution: Dive into the SAVE Plan

[dragonflycap]

What to expect from the stock market this week

Last week, the review of the macro market indicators saw with October in the books and heading into the election and FOMC meeting, equity markets experienced a Halloween spooking. Elsewhere looked for Gold ($GLD) to continue its uptrend while Crude Oil ($USO) consolidated at the bottom of a broad range. The US Dollar Index ($DXY) looked to consolidate in its uptrend while US Treasuries ($TLT) pulled back in their consolidation. The Shanghai Composite ($ASHR) looked to continue the short term move higher while Emerging Markets ($EEM) pulled back in their uptrend.

The Volatility Index ($VXX) looked to remain at a neutral level, above the base established this year, and was likely to stay there at least until after the election. This might make for choppy light trading for equity markets to start next week. Their charts looked strong on the longer timeframe though. On the shorter timeframe both the $QQQ and $SPY had reset momentum measures lower and could reverse or turn bearish, likely a couple of days’ time would tell. The $IWM did not seem concerned about an election or Fed policy, churning sideways.

The week saw major movements happen following the election. It played out with Gold pulling back from its high Wednesday before a partial recovery while Crude Oil found some strength and moved higher in a choppy range. The US Dollar jumped to a 4 month high while Treasuries fell back to a 5½ month low Wednesday before a recovery. The Shanghai Composite continued the move to the upside while Emerging Markets chopped in a wide range.

Volatility crashed down to the low end of the range since August. This put a stiff breeze at the backs of equities and they started to move up Tuesday and then accelerated Wednesday through the end of the week. This resulted in the SPY and QQQ printing a new all-time highs Wednesday, Thursday and Friday and the IWM gapping up to a 1 year high. What does this mean for the coming week? Let’s look at some charts.

The SPY came into the week at the 50 day SMA on the daily chart in a pullback from the top. It had a gap left open from the end of the week. It held there on Monday and then started higher Tuesday, into the gap. It gapped up Wednesday to finish at a new all-time high and leaving an island below. It followed that up with new all-time highs Thursday and Friday. The Bollinger Bands® are open to the upside. The RSI is rising deep in the bullish zone with the MACD positive and rising.

The weekly chart shows a strong, long bullish candle rising from the 161.8% extension of the retracement of the 2022 drop. The 200% extension is now within view at 614 above. The RSI is rising near overbought territory in the bullish zone with the MACD drifting up and positive. There is no resistance above 599.60. Support lower sits at 585 and 580 then 574.50 and 571.50 before 565.50 and 556.50. Uptrend.

With the Presidential Election and November FOMC meeting in the rearview mirror, equity markets showed jubilation as they vaulted higher. Elsewhere look for Gold to in its uptrend while Crude Oil consolidates in a broad range. The US Dollar Index continues to move to the upside while US Treasuries consolidate in their pullback. The Shanghai Composite looks to continue the move higher while Emerging Markets chop in their short term uptrend.

The Volatility Index looks to remain low and drifting lower following the election making it easier for equity markets to continue higher. Their charts look strong on both timeframes, especially the SPY and QQQ. The IWM has now joined the party, a stone’s throw away from making its first new all-time high in 2 years. Use this information as you prepare for the coming week and trad’em well.

Join the Premium Users and you can view the Full Version with 20 detailed charts and analysis: Macro Week in Review/Preview November 8, 2024

[darkmaga-returns]

The Democrats complained for MONTHS that the economy was the best ever - the BEST! But as we look across the global economy today, there's very real evidence that we're treading on thin ice. Beneath the surface of macroeconomic data lie unsettling signals pointing to a fragile and vulnerable economic landscape.from Eurodollar University

Job markets are cooling, consumer resilience is fading, and global demand is faltering in key sectors. Central banks, once steadfast on inflation control, are now cutting rates more aggressively than anticipated. Together, these indicators paint a picture of a world economy struggling to maintain stability, with potential downturns lurking in multiple directions. Below, we break down the key data points and industry insights that underscore this precarious economic moment.

Labor Market Weakness:

Declining Job Openings: Job openings tumbled by over 400,000 in September 2024 to 7.44 million, the lowest since January 2021. This signals weakening demand for workers.

Low Hiring Rate: While slightly up for three months, the hiring rate remains depressed at around 5.5 million in September 2024, far below healthier levels.

Declining Quits Rate: The quits rate fell to around 3 million, similar to 2015 levels, suggesting workers are hesitant to leave their jobs due to a perceived lack of opportunities.

Rising Layoffs: Layoffs and discharges rose above 1.8 million in September 2024, the highest since January 2023, signaling a potential uptrend in job losses.

Private Payroll Weakness: Private payrolls were under 100,000 in every month except September since May, even reaching close to zero in August (revised).

Weak October Payrolls: A meager increase of 12,000 jobs in October 2024, with private payrolls down 28,000.

Declining Hours Worked: The hours worked index has been flat for four months (since May 2024). The average workweek fell back to a cycle low of 34.2 hours.

Anecdotes:

Bartenders, waiters, and waitresses report declining tips, foot traffic, and overall lower restaurant sales. Some have had their hours cut despite base pay raises, forcing them to seek additional jobs.

Nissan cutting production of North American models by 30% due to lower sales and rising inventories. Similar struggles reported by Ford and Stellantis.

German auto parts maker Schaeffler AG cutting 4,700 jobs in Europe due to lower automotive production and general industrial weakness.

Expert Quotes:

Ryan Sweet (Oxford Economics): While a prior job openings increase was encouraging, he emphasizes the importance of consistent improvement and close monitoring of the quits and layoff rates.

Elizabeth Renter (NerdWallet): Observes that employers are hesitant to hire and workers are reluctant to leave their current jobs.