Notícias de mercado & insights
Mantenha-se à frente dos mercados com insights de especialistas, notícias e análise técnica para orientar suas decisões de negociação.
Multi-Timeframe (MTF) analysis is not just about checking the trend on the daily before trading on the hourly; ideally, it involves examining and aligning context, structure, and timing so that every trade is placed with purpose.
When done correctly, MTF analysis can filter market noise, may help with timing of entry, and assist you in trading with the trending “tide,” not against it.
Why Multi-Timeframe Analysis Matters
Every setup exists within a larger market story, and that story may often define the probability of a successful trade outcome.
Single-timeframe trading leads to the trading equivalent of tunnel vision, where the series of candles in front of you dominate your thinking, even though the broader trend might be shifting.
The most common reason traders may struggle is a false confidence based on a belief they are applying MTF analysis, but in truth, it’s often an ad-hoc, glance, not a structured process.
When signals conflict, doubt creeps in, and traders hesitate, entering too late or exiting too early.
A systematic MTF process restores clarity, allowing you to execute with more conviction and consistency, potentially offering improved trading outcomes and providing some objective evidence as to how well your system is working.
Building Your Timeframe Hierarchy
Like many effective trading approaches, the foundation of a good MTF framework lies in simplicity. The more complex an approach, the less likely it is to be followed fully and the more likely it may impede a potential opportunity.
Three timeframes are usually enough to capture the full picture without cluttering up your chart’s technical picture with enough information to avoid potential contradiction in action.
Each timeframe tells a different part of the story — you want the whole book, not just a single chapter.
Scalpers might work on H1-M15-M5, while longer-term traders might prefer H4-H1-H15.
The key is consistency in approach to build a critical mass of trades that can provide evidence for evaluation.
When all three timeframes align, the probability of at least an initial move in your desired direction may increase.
An MTF breakout will attract traders whose preference for primary timeframe may be M15 AND hourly, AND 4-hourly, so increasing potential momentum in the move simply because more traders are looking at the same breakout than if it occurred on a single timeframe only.
Applying MTF Analysis
A robust system is built on clear, unambiguous statements within your trading plan.
Ideally, you should define what each timeframe contributes to your decision-making process:
- Trend confirmed
- Structure validated
- Entry trigger aligned
- Risk parameters clear
When you enter on a lower timeframe, you are gaining some conviction from the higher one. Use the lower timeframe for fine-tuning and risk control, but if the higher timeframe flips direction, your bias must flip too.
Your original trading idea can be questioned and a decision made accordingly as to whether it is a good decision to stay in the trade or, as a minimum action, trail a stop loss to lock in any gains made to date.
Putting MTF into Action
So, if the goal is to embed MTF logic into your trade decisions, some step-by-step guidance may be useful on how to make this happen
1. Define Your Timeframe Stack
Decide which three timeframes form your trading style-aligned approach.
The key here is that as a starting point, you must “plant your flag” in one set, stick to it and measure to see how well or otherwise it works.
Through doing this, you can refine based on evidence in the future.
One tip I have heard some traders suggest is that the middle timeframe should be at least two times your primary timeframe, and the slowest timeframe at least four times.
2. Build and Use a Checklist
Codify your MTF logic into a repeatable routine of questions to ask, particularly in the early stages of implementing this as you develop your new habit.
Your checklist might include:
- Is the higher-timeframe trend aligned?
- Is the structure supportive?
- Do I have a valid trigger?
- Is risk clearly defined?
This turns MTF from a concept into a practical set of steps that are clear and easy to action.
3. Consider Integrating MTF Into Open Trade Management
MTF isn’t just for entries; it can also be used as part of your exit decision-making.
If your higher timeframe begins showing early signs of reversal, that’s a prompt to exit altogether, scale out through a partial close or tighten stops.
By managing trades through the same multi-timeframe approach that you used to enter, you maintain logical consistency across the entire lifecycle of the trade.
Final Action
Start small. Choose one instrument, one timeframe set, and one strategy to apply it to.
Observe the clarity it adds to your decisions and outcomes. Once you see a positive impact, you have evidence that it may be worth rolling out across other trading strategies you use in your portfolio.
Final Thought
Multi-Timeframe Analysis is not a trading strategy on its own. It is a worthwhile consideration in ALL strategies.
It offers a wider lens through which you see the market’s true structure and potential strength of conviction.
Through aligning context, structure, and execution, you move from chasing an individual group of candles to trading with a more robust support for a decision.
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USD was mildly bid on Monday ahead of a very busy calendar starting with US CPI later today. The US Dollar Index (DXY) rose to a high of 104.26, testing its trendline resistance before paring back to finish the session modestly in the green. DXY continuing to trade in the tight range between its 200-Day MA to the downside and resistance at around 104.25 to the upside.
USD traders have a busy week ahead, along with CPI today, PPI and the FOMC rate announcement are ahead tomorrow. The Japanese Yen dumped after a Bloomberg report citing BoJ sources that said the BoJ sees little need to end negative rates in their December meeting. This saw rates markets rapidly reprice what was a 20% chance of a rate hike, down to just 5%.
This translated to a short squeeze on USDJPY as carry traders flooded back in and saw the pair rally to a high of 146.46. Gold saw another large decline, with XAUUSD dropping almost $30 USD an ounce, breaking through the psychological 2000 level and hitting 3-week lows. XAUUSD now sitting on its 50% Fib retracement support, with the next support lower around the 1950-52 level at the 200-day MA and 61.8 fib level.
Ahead today, the real data starts, headlining will be US CPI where the Y/Y figure is expected to moderate to 3.1% vs 3.2% previous.
Target Corporation (NYSE: TGT) released Q3 financial results before the market open in the US on Wednesday. The US retail giant beat both revenue and earnings per share (EPS) estimates for the previous quarter, sending the stock higher. Company overview Founded: June 24, 1902 Headquarters: Target Plaza Minneapolis, Minnesota, United States Number of employees: 440,000 (2023) Industry: Retail Key people: Brian Cornell (Chairman & CEO) The results Target reported revenue of $25.398 billion for Q3 (down by 4.2% from the same period in 2022) vs. $25.285 billion estimate, according to TradingView.
EPS reported at $2.10 per share (up by 35.9% year-over-year), exceeding analyst estimate of $1.474 per share. CEO commentary "In the third quarter, our team continued to successfully navigate our business through a very challenging external environment. While third quarter sales were consistent with our expectations, earnings per share came in far ahead of our forecast.
This profit performance benefited from our team's commitment to efficiency and disciplined inventory management, and I'd like to thank them for their tireless efforts. Looking ahead, we're continuing to make investments throughout our business -- in our assortment, our team and the services we offer -- to provide the newness, affordability and convenience our guests want during the holiday season and beyond," company CEO, Brian Cornell commented on the latest results and future plans. The stock was up by over 16% after posting better-than-expected results.
Shares were trading at around $129.55 – the highest level since 18/8/2023. Stock performance 1 month: +17.13% 3 months: +0.26% Year-to-date: -13.39% 1 year: -16.97% Target price targets Jefferies: $135 Telsey Advisory Group: $145 Tigress Financial: $180 Evercore ISI Group: $130 B of A Securities: $135 Truist Securities: $116 Stifel: $130 HSBC: $140 Morgan Stanley: $140 Target Corporation is the 270th largest company in the world with a market cap of $59.61 billion, according to CompaniesMarketCap. You can trade Target Corporation (NYSE: TGT) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.
GO Markets now offers pre-market and after-market trading on popular US Share CFDs. Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time. Why trade during extended hours?
Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Target Corporation, TradingView, MarketWatch, MetaTrader 5, CompaniesMarketCap, Wikipedia
After the BOJ's action yesterday, the ramp-up of earnings season, treasury auctions, and a flurry of data over the next few days—including U.S. jobs data—market attention will briefly focus on the U.S. interest rate decision this evening. Chairman Jerome Powell and the Fed members will conclude their two-day meeting today and release the latest rate decision to a waiting financial world. The rate decision itself is unlikely to hold any surprises, with virtually no chance of any movement from the 5.5% rate from last month.
What will be watched with interest, of course, is the accompanying policy statement. Each syllable will be picked apart for any clues about future direction. Perhaps even more influential will be the subsequent press conference held by the Fed Chairman.
There is no doubt that inflation remains too high, and the economy, although showing signs of strain, remains—some would suggest—surprisingly robust. The latest GDP and jobs data attest to this and thus provides the FOMC with the opportunity to remain relatively hawkish about rates staying high for a "prolonged period." Markets have priced in no action to lower the rates until well into 2024. In terms of market response, both in equities and the USD, as well as near 16-year-high treasury yields, Jerome Powell will continue to walk the proverbial tightrope.
He will strive to not appear overly hawkish while continuing the narrative of sustained high rates. We suspect that little change will be telegraphed in both the written and spoken word from the Fed tonight. This is probably the preferred scenario for market sentiment.
However, be under no illusion: any deviation from this expectation is likely to result in significant market moves. Consider your risk approach for today, not only with this possibility in mind but also the plethora of other information that the market will be bombarded with over the coming days.
Home Depot Inc. (NYSE: HD) released its latest financial results before the opening bell in the US on Tuesday, beating analyst estimates for the third quarter. Company overview Founded: February 6, 1978 Headquarters: Atlanta, Georgia, United States Number of employees: 471,600 (2023) Industry: Retail Key people: Ted Decker (President & CEO), Craig Menear (Chairman) The results The US retailer reported revenue of $37.71 billion (down by 3% year-over-year) for Q3 vs. $37.591 billion expected. Earnings per share (EPS) reported at $3.81 per share (down by 10.14% year-over-year), above $3.755 per share estimate.
CEO commentary "Our quarterly performance was in line with our expectations," Ted Decker, CEO of Home Depot said in a press release to investors. "Similar to the second quarter, we saw continued customer engagement with smaller projects, and experienced pressure in certain big-ticket, discretionary categories. We remain very excited about our strategic initiatives and are committed to investing in the business to deliver the best interconnected shopping experience, capture wallet share with the Pro, and grow our store footprint. In addition, our associates did an outstanding job delivering value and service for our customers throughout the quarter and I would like to thank them for their dedication and hard work," Decker added.
Shares of Home Depot rose by over 6% on Tuesday after the latest earnings results. The stock was trading at $307.06 a share – the highest level since 25/9/2023. Stock performance 1 month: +3.58% 3 months: -7.71% Year-to-date: -2.95% 1 year: -1.73% Home Depot price targets Stifel: $306 RBC Capital: $303 Truist Securities: $341 HSBC: $365 Jefferies: $384 Morgan Stanley: $350 Wedbush: $350 Wells Fargo: $360 Barclays: $333 JP Morgan: $335 Goldman Sachs: $350 Home Depot Inc. is the 26th largest company in the world with a market cap of $307 billion, according to CompaniesMarketCap.
You can trade Home Depot Inc. (NYSE: HD) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. GO Markets now offers pre-market and after-market trading on popular US Share CFDs. Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time.
Why trade during extended hours? Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Home Depot Inc., TradingView, MarketWatch, CompaniesMarketCap, Wikipedia, Benzinga, Stock Analysis
USD rallied strongly in Thursday’s session after a quiet start following dismal demand for US 30 year-treasuries at a scheduled bond auction, seeing yields surge and taking the USD with them. The push higher was later given an extra boost by Fed Chair Powell’s hawkish statements during a panel organized by the IMF. In a scheduled panel chat the FOMC head said that “policymakers are not confident that they have achieved a sufficiently restrictive stance to return inflation to the 2.0% target in a sustained manner.” That was enough to see the USD bulls take charge with DXY up 0.4% for the day, while yields also spiked, this saw some volatility in USD cross pairs and gold we’ll look at the highlights in the charts below.
USDJPY TECHNICAL ANALYSIS USDJPY pulled back last week after the BoJ tweak to their YCC saw Japanese bond yields rise, giving the Yen a boost. However, as has been the case with this pair in the last 12 months the uptrend quickly resumed, with USDJPY breaking back above the key 151 level and heading towards its 2022 and 2023 high of 151.72. At these levels there is always the threat of a BoJ currency intervention, so traders will need to keep an ear out for any jawboning from BoJ members telegraphing such a move.
If the BoJ steps aside a test of the upper trend line at 154 could be a possibility. If they do step in we could see a decline to a 146 handle and lower trendline before finding any technical support. GOLD TECHNICAL ANALYSIS Gold has reversed lower this week after the upward momentum failed at the key 2010 resistance level.
Risk premium priced into gold also started to unwind after gaza conflict haven flows pushed the price rapidly higher from early October. Thursday session did see a modest bounce, despite a rampant USD which could give the bulls some hope, however the 23.6 Fib level, which acted as short-term support on the way down now seems to have switched to resistance. This will be the level on the upside to watch (1963.78), the next resistance from a technical point of view will be the 2010 level.
To the downside the 38.2 Fib at 1934.79, which also matches up with the 200 day SMA looks to be the first real support level.