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Fundamental-analysis

What is GBPUSD next target: 1.27500 or 1.29500?📣 Hello Mates! Our prediction is that GBPUSD will sell from the 1.27350 or 1.280600 area. After that, our sell targets are 1.27500 and 1.27000 🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio. 📈 Our Resistance Levels are spotted at: - 1.28500 - 1.29000 📉 And our Support Levels are set at: - 1.27500 - 1.27000 Stay tuned for further updates and trade smartly! 📊
Short
by BigtimeFx
1
Barrick Gold $GOLD | On The RadarToday on the radar, Barrick Gold Barrick Gold has attracted some attention as major investors, including recently the notable Stanley Druckenmiller, have taken significant positions. With these influential players entering the fray, while the gold market experiencing remarkable momentum, the question emerges: Is this the right moment to buy? Well, let's dive on it and look at some fundemantals, some metrics and some technicals. The fundemantals Gold has exhibited remarkable resilience, maintaining stability despite the backdrop of high interest rates. It has remained relatively stable around the $2000 level for some time now and recently experienced a notable surge in momentum. Meanwhile, the mining sector has faced challenges and has been trading at discounted levels. This disparity may suggest a lag in market perception, particularly regarding the potential for a flight to safety and subsequently, a shift towards safety asset producers. The world economy is hitting a rough patch, with recessions popping up globally. While the U.S. is trying for a soft landing and celebrating record-high stock markets, there are some conflicting signs from key economic indicators. This divergence might resolve soon, depending on how things pan out in the real economy, possibly prompting a move towards safer assets. Add the fact that central banks globally are bullish on gold, and the BRICS nations are also showing a keen interest, aligning with the broader trend of moving away from the dollar. So, with gold demand on the upswing, and considering the mining sector's relative underperformance compared to the gold price, there seems to be a noteworthy opportunity for those looking to go long on both gold and the mining industry. The metrics Now, let's explore some metrics to determine if this company is fairly valued, discounted, or possibly overpriced. Right from the start, Barrick Gold stands out among mining companies for its exceptionally clean balance sheet. They have great cashflow, manage their debt and liabilities quite well, which could be one of the reasons drawing significant interest from big and famous investors. Notably, the company consistently beats expectations. Price/Earnings Ratios: Trailing P/E: 22.04 Forward P/E: 18.05 The forward P/E is lower than the trailing P/E, indicating that the market expects future earnings growth. The P/E ratios suggest a moderate valuation compared to the company's earnings. Price/Sales and Price/Book Ratios: Price/Sales: 2.44 Price/Book: 1.19 Both ratios suggest relatively low valuation compared to sales and book value. However, the interpretation should consider industry benchmarks and historical values. Profitability Margins: Profit Margin: 11.16% Operating Margin: 13.08% The company has healthy profit margins, indicating efficient operations. Liquidity and Solvency: Current Ratio: 3.16 Total Debt/Equity: 16.32% The company has a strong current ratio, suggesting good short-term liquidity. The debt/equity ratio is moderate, indicating a balanced capital structure. Growth and Financial Performance: Revenue Growth (yoy): 10.30% Quarterly Earnings Growth: Not available Positive revenue growth is a good sign, but it's important to consider the earnings growth trend. Cash Flow: Operating Cash Flow: $3.73 billion Levered Free Cash Flow: $675.75 million The company generates healthy operating and free cash flows. In summary, the stock seems to have reasonable valuation metrics, strong profitability margins, positive revenue growth, and healthy liquidity. Compared to some peers, Barrick Gold appears to trade at a slight discount. Over the past year, there have been noteworthy insider transactions involving both selling and buying activities. However, it is particularly noteworthy that the board of directors has recently engaged in a substantial buying spree. This prompts the question: What insights are they uncovering? The Technicals Now, let's delve into some technical analysis—the very reason we're all here and appreciate TradingView. Firstly, we're entering a week filled with significant economic data releases. Additionally, the gold market has experienced a prolonged uptrend. This is certainly a factor to keep in mind in the upcoming days/week, as increased volatility and potential corrections may manifest. Bearing this in consideration, let's explore how we can reflect these dynamics on the chart. Examining the daily chart over the past 1.5 years and scrutinizing the price structure, a distinct pattern emerges. Following a decline from $25, the price has exhibited a wide-ranging behavior. Notably, it consistently rebounds from the $14 range, suggesting a possible floor or bottom. Taking a more extensive view, this aligns with a monthly/yearly support level. The overarching support, coupled with daily resistance, hints at a potential continuation of ranging price action, possibly leading to a convergence or apex point. In such a scenario, there could be multiple buying opportunities in the coming months, facilitating the accumulation of a robust long position—unless a market shift and strong momentum occur. Examining the daily chart closely reveals a well-defined descending channel without a distinct apex for reference. Despite the recent breach of prior lows, it's crucial to interpret this cautiously, as breaking one low doesn't automatically signal immediate concerns, especially when the price remains above the monthly low. It could be indicative of a failed breakout. In the event of a market correction this week, these price levels might actually serve as a reliable range for initiating long positions, with a carefully placed tight stop around the $13 range. A tool I find particularly useful is the fixed volume profile, which proves valuable in identifying specific price ranges characterized by high volume. This method unveils potential breakout zones, support and resistance levels, and even target zones. I typically overlay these profiles onto specific structures, such as from top to top or bottom to top, to gain a more insightful perspective on volume distribution within the structure. A noteworthy observation is the concentration of the highest volume around the $16.50 range. In my approach, a breach of this level, followed by a potential bounce and continuation, could provide valuable insights into the prevailing momentum. A correlation exists with the recent Point of Control (POC) and some previous lows in this range, making it a potential local bounce zone worth monitoring. Beyond this point, significant price zones to consider include the $17.50 range and the $19 range. The latter could serve as a conservative initial target, and subsequent analysis of the broader circumstances will help determine if the price can break away, potentially sparking a major rally. If we manage to capitalize on a correction and enter at a lower current price, achieving a buy-in below the $15 range, could yield a 25% return on investment (ROI) or potentially even more, depending on market conditions. Observing the regular volume, there's a noticeable dip that occurred last year, particularly during the summertime. While this dip isn't particularly surprising or highly meaningful, what stands out is the consistent increase in the daily average volume. Another indicator I find valuable is the Hull, essentially an alternative moving average. It's currently on the verge of crossing and transitioning to green on the daily chart. While this doesn't carry significant weight on its own, it can certainly contribute to the decision-making process. Even if the crossing occurs and the indicator turns green, the price may still experience a pullback. The intriguing aspect will be observing the depth of the correction and whether the price manages to sustain the indicators in the green zone. Ideally, a bounce on the indicator could signal a retention of upside momentum. It's crucial to note that technical analysis involves a significant degree of subjectivity. The paths indicated on the chart with the blue dotted lines are not predictions; instead, they represent favorable scenarios to monitor. The outcome will hinge on various scenarios and how they unfold. Despite the inherent subjectivity, the fundamentals are sound, the metrics and ratios look promising and momentum seems to be evolving. And as always, please remember that this analysis is for informational and recreational purposes only. It does not constitute financial advice. Draw your own conclusions based on your assessment.
NYSE:GOLDLong
by GoldvalleyCap
Buy GBP/NZD Bullish ChannelThe GBP/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position around the current price of 2.0785, positioned close to the channel support. This offers an entry point near potential buying pressure. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 2.0868 and 2.0906. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the channel, ideally around 2.0735. This helps limit potential losses if the price unexpectedly breaks down and invalidates the bullish pattern. Thank you.
Long
by KABHI_TA_TRADING
1
Buy EUR/NZD Triangle BreakoutThe EUY (EUR/NZD) pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a triangle pattern. Key Points: Buy Entry: Consider entering a long position around the current price of 1.7725, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the following levels: 1.7813 and 1.7870 Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the triangle, ideally around 1.7680. This helps limit potential losses if the price reverses and breaks back downwards. Thank you
Long
by KABHI_TA_TRADING
2
NIO: The Chinese Electric Vehicle Company Taking on Tesla This is one of my favorite Leap Options positions for 2024 and let me tell you why.... In the Chinese electric vehicle market, there exists a formidable contender that stands toe-to-toe with the mighty Tesla ( Ok a bit exaggerating but you get the gist) . This company, known as NIO, has been turning heads in the industry with its innovative technology and luxurious designs. Founded in 2014, NIO has quickly established itself as a major player in the Chinese EV market. With a focus on high-performance electric vehicles, NIO has set itself apart from the competition by offering a range of cutting-edge features, such as battery-swapping technology and a sleek, modern design aesthetic. In terms of sales, NIO has been steadily closing the gap with Tesla in China. In 2023, NIO delivered over 120,000 vehicles, a significant increase from the previous year. This growth can be attributed to the company's expanding product line, which now includes the ES8, ES6, EC6, and ET7 models. One of the key factors that has contributed to NIO's success is its commitment to customer service. The company has established a network of NIO Houses and NIO Spaces, which serve as exclusive clubs and showrooms for its customers. Additionally, NIO has developed a strong online community through its NIO App, which allows users to connect with one another and share their experiences. While Tesla continues to be a dominant force in the global EV market, NIO is proving to be a worthy competitor in China. With its innovative technology, luxurious designs, and commitment to customer service, NIO is well-positioned to continue its rapid growth and challenge Tesla's position in the Chinese market. The Technicals: NYSE:NIO reached a major support level at $5.60 enduring the bear market and we are in good position for a major upside at this discounted level. Ready set GO!
NYSE:NIOLong
by EgideSimba
6
Bullish thesis for $PINSNYSE:PINS has been making headlines lately with its impressive performance and promising future prospects. Let's dive into the latest developments and explore the bullish thesis for this innovative company. Strong Financial Performance: In 2023, Pinterest achieved a record-high ~90% incremental EBITDA margins, and the Street models are projecting ~40% and ~50% in 2024 and 2025, respectively. This indicates a robust growth trajectory for the company. Evercore ISI recently reiterated its Outperform rating on Pinterest and raised the price target from $45 to $50. The firm cited four key reasons for this upgrade, including Pinterest's unique position in the social media landscape, its strong user engagement, and the potential for further monetization of its platform. Amazon Partnership: Pinterest's partnership with Amazon has been a game-changer. Users can now purchase products directly from Amazon through the Pinterest platform, which has led to increased user engagement and revenue growth. Technical Analysis: The Pinterest stock has been on a bullish trend in recent months and has broken through a major resistance level at $37 giving it great positive momentum to continue rising in price. Have entered an Options Call contract targeting $54 and posted in the free community 😉 Will be providing updates.
NYSE:PINSLong
by EgideSimba
2
What do you think now? Will Gold target $2125 or $2225?📣 Hello Mates! Yesterday in Gold Idea Already, we mentioned that Gold would likely turn from the $2159.00 or $2169.00 area because $2170.00 presents a strong resistance area. Today, we have $2180.00 as another good resistance level. So, hopefully, Gold will not break resistance and sell from our resistance. Our target for today is $2125.00 Since today is NFP News, please avoid large positions and use proper stop-loss. 🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio. 📈 Our Resistance Levels are spotted at: - $2170 - $2180 📉 And our Support Levels are set at: - $2125 - $2088 Stay tuned for further updates and trade smartly! 📊
OANDA:XAUUSDShort
by BigtimeFx
Sell GBP/CAD Bearish ChannelThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.7225, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.7164 and 1.7130. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 1.7252. This helps limit potential losses if the trend unexpectedly reverses and the price breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
2
What is GOLD next target: 2190 or 2112? Check today's analysis📣 Hello Mates! We can see that our gold buy target has been completed, and now gold is overbought. Our prediction is that gold will sell from the $2159.00 or $2169.00 area. After that, our sell targets are $2132.00 and $2112.00 🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio. 📈 Our Resistance Levels are spotted at: - 2160 - 2170 📉 And our Support Levels are set at: - 2135 - 2110 Stay tuned for further updates and trade smartly! 📊
OANDA:XAUUSDShort
by BigtimeFx
Sell GBP/CHF Channel BreakoutThe GBP/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.1222, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.1151 and 1.1108. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.1252. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
6
Sell EUR/USD Channel BreakoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bearish channel pattern. This technical indicator often suggests a trend continuation, potentially leading to further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0850, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following levels: 1.0815: This represents the height of the channel, measured from the top trendline to the breakout point, projected downwards from the breakout point. 1.0796: This is achieved by adding the height of the channel to the breakout point. These targets act as potential support zones that could see selling pressure. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 1.0865. This helps limit potential losses if the price reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
8
Sell NZDJPY Channel PatternThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a bearish channel pattern. Sell Entry: Consider entering a short position around the current price of 91.65, positioned near the current price within the channel. Target Levels: The initial bearish target lies at the 91.15 level, which represents the previous support line within the channel. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 91.85. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
16
Buy USD/CHF Triangle BreakoutThe USD/CHF pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a triangle pattern. Key Points: Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging trendlines. This pattern can be interpreted as a continuation of the prior trend or a potential reversal depending on the breakout direction. The recent break above the upper trendline signifies a potential bullish breakout. Buy Entry: Consider entering a long position around the current price of 0.8850, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the following levels: 0.8916: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected upwards from the breakout point. 0.8953: This is achieved by adding the height of the triangle to the breakout point. These targets act as potential resistance zones that could see buying pressure. Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the triangle, ideally around 0.8830. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you
Long
by KABHI_TA_TRADING
5
Sell USDCHF Channel BreakoutThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. Sell Entry: Consider entering a short position around the current price of 0.8827, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 0.8780 and 0.8751. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 0.8865. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
1
West Texas Crude Oil Long COT and Technical Analysis West Texas Crude Oil Long Price has come back up to the important psychological level of 79.000. We can see that previously this area has acted as strong resistance and support. In August last year we saw price find support here before continuing upwards. Since November last year we have seen it act as an area of resistance. On last weeks close we had price finally break through after consolidating the past few weeks. Non-Commercial traders, as can be seen through COT filings, are a majority long West Texas Crude Oil. 103,350 long positions are currently held by Non-Coms vs 53,597 shorts. Commercial Traders, who are in most cases contrarian to price, are relatively even. This should be taken into account when using COT for conformation. Geopolitical factors need to be considered. I prefer to leave these out of analysis as much as I can due to unintentional bias that comes with them, and the difficulty of quantifying them. However, when it comes to something like Oil, they often have to be at the forefront of analysis. The current Israel-Hamas conflict is one of the geopolitical factors at play here. While Israel has no dominant position in the Oil industry, Hamas links to Iran have created the possibility that the USA may harden its sanctions against Iran, the 4th largest Oil producer. The conflict against the Houthis is a major factor here. There is a concern these strikes will spill over and expand into a larger region wide conflict, heavily affecting the shipment, and therefore the price of Oil. Houthi links to Iran are also a concern, just as with the Israel-Hamas conflict. I will most likely take a position on Monday 50% of my usual size. If we can get a retest of 79.000 I will enter another 50% of my usual size. Holding this trade long-term, and moving my SL to follow new swing lows, is my current trade plan. If the two conflicts begin to cool however, it may be a good idea to look at closing my positions. If peace talks do commence for these conflicts, we will see Oil fall, but if the peace talks again amount to nothing, this would be a good opportunity to increase my position.
OANDA:WTICOUSDLong
by DedoAUS
Beautiful Breakout and strong fundamentals - AppLovin NASDAQ:APP has an outstanding chart in my opinion. I've been following this stock for years now and waiting for the right time to get in. Although it's already rallied 70% YTD, the momentum this particular stock has combined with it's increasingly impressive earnings reports make it a strong buy. They have been steadily increasing cash flow on top of accelerating earnings growth. The last 3 quarters it's beat analyst estimates and it's my personal opinion that we are in the midst of a era where web apps as well as mobile apps are being developed very rapidly, increasingly by individuals and smaller companies. Net Income, Margins and Returns on Equity and Assets are all increasing. No wonder it's more than quadrupled since it's bottom of $9.00 Think of Streamlit, for you coders, and Snowflake's NYSE:SNOW increasing presence in owning these, and similar technologies. NASDAQ:APP is operating in a similar space and they really offer it all when it comes to building applications for your business. The estimate revisions are surprising and look very strong going into next year. See the Zack's Estimate Revisions below. (Current Quarter/Next Current Year/Next) CQ NQ CY NY Current 0.56 0.59 2.48 3.08 7 Days Ago 0.56 0.59 2.48 3.08 30 Days Ago 0.33 0.31 1.56 1.71 60 Days Ago 0.33 0.31 1.58 1.71 90 Days Ago 0.33 0.31 1.58 1.63
NASDAQ:APPLong
by DontSlamTheDoor
GBPUSD H4 1 March 2024GBP/USD, H4 The GBP/USD currency pair has wiped out all the gains it made from the previous session's rebound, indicating that it is currently exhibiting bearish momentum. The U.S. Personal Consumption Expenditures (PCE) index, meeting market expectations at 2.4%, signals that inflation remains persistent in the country. Concurrently, the broader market sentiment has shifted to largely discount the possibility of a rate hike in June, which has subsequently bolstered the strength of the dollar. Furthermore, traders are closely watching the release of the UK's Manufacturing Purchasing Managers' Index (PMI) due today, as it is anticipated to provide insights into the Sterling's economic strength and potentially influence the currency pair's movement. The GBP/USD pair declined and erased all its previous gain, suggesting a bearish bias for the pair. The RSI is gradually moving lower while the MACD is on the brink of breaking below the zero line, suggesting the pair is trading with bearish momentum. Resistance level:1.2635, 1.2710 Support level: 1.2530, 1.2437
Short
by top_fx
XAUUSD H4 1 March 2024XAU/USD, H4 Gold prices stage a rebound as downbeat US economic data prompts investors to seek refuge in dollar-denominated gold. The focus shifts from subdued US inflation expectations to escalating geopolitical tensions in the Middle East, rekindling the safe-haven appeal of the precious metal. Gold prices are trading higher following the prior breakout above the resistance level. MACD has illustrated increasing bullish momentum, while RSI is at 60, suggesting the commodity might extend its gains since the RSI stays above the midline. Resistance level: 2055.00, 2080.00 Support level: 2035.00, 2015.00
PEPPERSTONE:XAUUSDLong
by top_fx