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XAUSD 4 HOUR CHART – Where will it pause?
As you can see by the red Amazing Trader support lines, any attempt to correct is being met with buying, setting up a new (record) high.
So where might it pause?
There is no reason to guess at a top but the next pivotal level and obvious target is 2800.
On the downside, keeps a bid as long as it trades above 2750-60, even stronger bid if 2780 becomes support.
FWIW I ssaw one major bank raise its target to 2900.
EURUSD 4 HOUR CHART – Bullish or not?
Current Pattern: 5 days in a row seeing the 1.08 level trade… while a break of this pattern would send a bullish signal EURUSD would need to make a firm move above 1.0873 to confirm.
Look for 1.0850 to now be pivotal.in setting the day tone.
Back below 1.0839 would cool the risk if it fails to become support.
If you are looking for a flow driving EURUSD demand, look at a EURGBP chart.
Robinhood Markets Inc. – HOOD
And after our own Forex Loonie, one of the loonies of the stock market family…
Robinhood On Pace For Highest Close Since November 2021
Robinhood Markets’ stock is on pace for its highest close in nearly three years as investors cheer the platform’s launch of contracts that let users bet on the outcome of the presidential election.Shares jumped 4.3% to a high of $28.23 on Monday. If the gain holds, it would be the highest close for Robinhood shares since Nov. 26, 2021
USDCAD Daily chart
Loonie on The Run.
Previous High at 1.39468
If taken out, targets 1.39900 & even 1.40350
Not worth a risk of buying it right now, as it can have a very sharp correctional drop , followed by end game Bull run.
Of course, do not be Loonie yourself and try to sell it in this Bull run 😀
Aphabet Inc – Google – GOOGL
Alphabet Stock Rises on Earnings Beat
Alphabet reported third-quarter earnings and revenue that beat Wall Street estimates. The stock was moving higher in late trading on the news.The Google parent posted earnings of $2.12 a share for the period ending Sept. 30. That was higher than Wall Street’s consensus estimate of $1.84 a share. In the same period last year, the company reported earnings of $1.55 a share.
Revenue for the quarter of $88.27 billion beat analyst estimates of $86.39 billion. Last year, Alphabet reported revenue of $76.69 billion.
Shares of Alphabet were up nearly 5% in after hours trading on Tuesday.
Netflix – NFLX Weekly chart
A very interesting situation for a technical analysis buff like me – it has broken above every resistance there is and if succeeds in holding above 755.00 and subsequently above 740.00 , what can I say – Sky is the limit.
I can relate to the strength of this one , as who can imagine the life today without it 😀
One of my first mentors told me long ago : kiddo, first you have to learn that you buy stocks of the products you personally use – period.
Nvidia – NVDA Daily chart
What to Expect From NVIDIA’s Next Quarterly Earnings Report
With a market cap of $3.5 trillion, NVDA develops a platform for scientific computing, AI, data science, autonomous vehicles, robotics, metaverse, and 3D internet applications, as well as focuses on PC graphics by serving clients worldwide. The chip giant is expected to announce its fiscal third-quarter earnings for 2025 after the market closes on Wednesday, Nov. 20.Ahead of the event, analysts expect NVDA to report a profit of $0.69 per share on a diluted basis, up 81.6% from $0.38 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
For the full year, analysts expect NVDA to report EPS of $2.65, up 124.6% from $1.18 in fiscal 2024. Its EPS is expected to rise 33.2% year over year to $3.53 in fiscal 2026.
AMD – Advanced Micro Devices Inc Daily
AMD falls after downbeat Q4 revenue forecast
* Shares of Advanced Micro Devices AMD fall 6.6% to $155.3 in extended trading* AMD expects Q4 revenue to be about $7.5 bln, plus or minus $300 mln, vs estimates compiled by LSEG of $7.54 bln
* AMD reports Q3 revenue of $6.82 bln, compared with analysts’ average estimate of $6.71 bln
* Stock has risen 12.8% YTD
AMD Gets an AI Boost, But Outlook Disappoints Investors
AMD shares fell about 6% in after-hours trading following a report that included a record $6.8 billion of revenue for the third quarter and a projection of roughly $7.5 billion for the current quarter. Analysts have projected sales in the current period of just above $7.5 billion.
Tesla – TSLA Daily
Tesla Stock Is Rising. Growth May Come From ‘Multiple New Models.’
Tesla shares dropped on Monday for the first time since earnings were reported this past week. Tesla stock was also down slightly in early trading on Tuesday as investors continued to mull over what Elon Musk’s growth comments mean for shares.
Tesla, Inc. (TSLA) Is a Trending Stock:
Facts you should know before betting on it:The average analyst price target for Tesla stock is about $228, according to FactSet, up about $12 since earnings were reported. Tuesday, Barclays analyst Dan Levy raised his target price to $235 from $220. He rates shares at Hold.
The post-earnings gains left Tesla stock up about 6% year to date.
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AUDUSD DAILY CHART – Watch 5550
What caught my eye is weakness in commodity currencies despite the risk on mood in stocks.
In any case, AUDUSD performing like a textbook (see our Weekly FX Chart Outlook).
Now that it entered the .5507-55 target zone (low .5545) use 5550 as the bias indicator that will dictate whether it makes a run at 5500-10 or takes a pause.
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