Technical Analysis: Today's Trades and Tomorrow's Key Setups

Started by nbvar2mi5z, Nov 22, 2024, 06:43 AM

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merileepurple

As of March 15, 2025, here's a technical analysis of today's trades and key setups to watch for tomorrow:�

Today's Trades:

Meta Platforms (META):

Performance: META shares experienced a notable rise today, standing out as the only stock among the "Magnificent Seven" mega-cap technology companies to be in positive territory for 2025, up nearly 4% year-to-date. �
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Technical Indicators: The stock recently broke below an ascending channel, and the Relative Strength Index (RSI) indicates weak price momentum.�
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Key Levels:
Resistance: $635; surpassing this could lead to testing the $740 level near the all-time high.
Support: $535 and $460; these levels may offer potential entry points for long-term investors.
Forex Pairs:

USD/JPY: Trading at 148.62, technical summaries suggest a 'Strong Buy' based on moving averages and indicators. �
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GBP/USD: At 1.2932, the pair shows 'Strong Buy' signals across various technical analyses.�
Gold (XAU/USD):

Current Price: $3,001.10 per ounce.�
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Volatility: High.�
Technical Summary: Indicators point to a 'Strong Buy' sentiment. �
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Key Setups for Tomorrow:

Tesla (TSLA):

Technical Outlook: TSLA is trading within an ascending channel since 2020. The recent decline from the upper boundary appears to be a temporary retracement. A bounce at the $200 support zone could target the $263 resistance level. �
tradingview.com
NZD/CHF:

Midterm Forecast: As long as the price remains above the 0.49439 support, an uptrend is anticipated. Confirmation would come with a break above the 0.52680 resistance. �
tradingview.com
Bitcoin (BTC/USD):

Technical Setup: A Deep-Crab harmonic pattern has formed on the daily chart, suggesting potential bullish momentum if the price holds above key support levels. �
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Additional Resources:

For a comprehensive understanding of technical analysis and to enhance your trading strategies, consider exploring the following resource:


Please note that financial markets are influenced by various factors, and past performance is not indicative of future results. Always conduct thorough research or consult a financial advisor before making trading decisions.

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