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Fundamental Market Analysis for December 19, 2024 EURUSDThe Pound-Dollar pair is strengthening after dropping more than 1% following the hawkish decision by the Federal Reserve (Fed) on Wednesday and is trading near 1.25900 in Asian hours on Thursday. The Pound Sterling (GBP) is receiving upward support as the Bank of England (BoE) is expected to leave interest rates unchanged later in the day, while maintaining focus on addressing elevated domestic inflation. On Wednesday, data emerged that the U.K. Consumer Price Index (CPI) rose 2.6% year-over-year in November after rising 2.3% in October. The core CPI, which excludes volatile food and energy, rose 3.5% year-on-year in November, up from a previous increase of 3.3%. Meanwhile, annualized services inflation remained at 5%, below the forecast of 5.1% but above the Bank of England's estimate of 4.9%. GBP/USD declined on the back of a stronger US Dollar as the Federal Reserve (Fed) decided to cut rates by 25 basis points (bps) at its December meeting on Wednesday, bringing the benchmark lending rate to a range of 4.25%-4.50%, a two-year low. On Thursday, traders will be watching for weekly data on initial jobless claims, existing home sales and the final annualized third quarter (Q3) gross domestic product. Trading recommendation: Watch the level of 1.26000, if the level is fixed above consider Buy positions, if the level rebounds consider Sell positions.
by Fresh-Forexcast2004
HolderStat | BTC is on the cusp of volatility👉 Amid slowing inflows into spot BTC ETFs and weak bearish pressure, BTC price remains above key support. Institutionalists are hoarding the coin, and Bitfinex says: the target is $200K by mid-2025, so it's likely that corrections will be moderate due to strong demand. The Bitcoin Policy Institute has proposed Trump's strategic plan for BTC reserves. If the idea becomes a reality, it could trigger a new round of global growth 📈 🧐 Remember: smart money prepares the ground for the rise! _____________________ 📊 Want more useful analytics? Like and subscribe to stay up to date with the most relevant trading ideas! Always DYOR! 🔬
Long
by HolderStat
1
Buy EUR/NZD Bullish ChannelThe EUR/NZD pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.8324 2nd Support – 1.8384 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
23
HelenP. I After reaching new ATH, Bitcoin can make correctionHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price declined to the trend line and then rebounded and started to grow. Later, BTC reached a support level, which coincided with the support zone, and then some time traded in this area. Then the price broke the 90400 level, made a retest, and continued to grow, but when it reached 99300 points, after which made a correction. But soon, the price turned around and continued to grow to support 1, which coincided with the resistance zone. When BTC reached this level, it turned around and in a short time declined to the trend line. After this movement, BTC rebounded and made impulse up to support 1, thereby soon breaking it. Currently, the price trades inside the resistance zone, so, I expect BTCUSDT will rise a little higher this area. Then, the price can turn around and start to decline to the trend line. For this case, I set my goal at 100700 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
9
HelenP. I Gold can rebound from trend line and start to declineHi folks today I'm prepared for you Gold analytics. Some days ago price dropped from the support level, which coincided with the buyer zone to the trend line. Then it turned around and started to grow inside a triangle pattern, where Gold soon reached the 2615 support level. Next, the price broke this level, made a retest, and continued to move up to the resistance zone, which coincided with the resistance level. When XAU reached this zone, it later turned around and made a strong impulse down, breaking the resistance level and declining to the support level. After this movement, the price some time traded near this level and started to grow, but later it declined to the support level, which coincided with the trend line again. Later price turned around and made a strong impulse up to the resistance zone one more time, after which turned around and dropped to the trend line, which is the support line of the triangle as well. Recently price exited from this pattern and now trades below the trend line. In my opinion, XAUUSD will rebound from this line and start to decline. For this reason, I set my goal at the 2615 support level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
Gold can rebound from support line of wedge to seller zoneHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price rebounded from resistance level and started to decline to the support level, which coincided with the buyer zone. Then the price broke the 2625 level and dropped to 2536 points, and then started to grow inside the wedge. In a wedge, the price soon reached the 2625 support level and broke it again. Then the price made a retest and continued to grow to the resistance line of the wedge, and then turned around and dropped to the support level, breaking the 2690 resistance level. After this, Gold started to trades inside the range, where it some time traded near the support level and later made a strong impulse up to the resistance line of the wedge, exiting from the range and breaking the resistance level, which coincided with the seller zone. But a not long time ago, the price turned around and dropped to the support line of the wedge, breaking the resistance level one more time. In my mind, Gold can fall to the support line of the wedge and then rebound up to the seller zone. For this case, I set my TP at 2700 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
9
Celer Network (CELR)CELR Analysis 🔹 Overview: CELR is a Layer 2 solution designed to enhance blockchain transaction speed and reduce fees. The token has been trading in a long-term range between 0.009 and 0.033. After reaching the top of this range, the price has started a corrective move to the downside. 🔹 Key Levels: 1️⃣ Support Levels: 🔸 Fibonacci 0.382: 0.020 - 0.019 🔸 Fibonacci 0.5: 0.018 - 0.017 🔸 Fibonacci 0.618: 0.016 - 0.015 🔸 Range Bottom: 0.0105 - 0.009 2️⃣ Resistance Levels: 🔸 Range Top and Weekly Resistance: 0.03038 - 0.03590 🔸 Target 1: 0.068 - 0.081 (Fibonacci 1.618 level) 🔸 Target 2: 0.14 - 0.19 (Fibonacci 2.618 level) 🔹 Volume and Entry Signals: 🔸 Volume Trend: Increased volume at the weekly resistance level is a strong indicator for a breakout move toward higher targets. 🔸 RSI (Relative Strength Index): A breakout above the RSI overbought zone could confirm a strong upward trend. Holding key RSI support levels can act as an early signal for price recovery. 🔹 Scenarios: ✅ Bullish Scenario: If the price breaks above the red resistance zone at 0.033 - 0.035 and holds with strong volume, it is likely to move toward Fibonacci targets at 0.068 - 0.081 and 0.14 - 0.19. ⚠️ Bearish Scenario: If the price fails to hold Fibonacci support levels, we may see further downward movement toward the range bottom at 0.0105 - 0.009. A breakdown below this level could trigger deeper price declines. 🔹 Conclusion: 📊 Entry Zones: Gradual Entries: At support levels 0.020, 0.018, 0.015 Safe Entry: Upon a confirmed breakout above the red resistance with high volume. 📉 Stop-Loss: A break below the 0.015 - 0.013 range signals a potential invalidation of bullish setups. 🔑 Recommendation: Given CELR’s low market cap, this project carries a high investment risk. Proper risk management and position sizing are crucial. 🔍 Confirmation Signals: ✅ Volume increase during breakout above resistance ✅ Positive reaction to Fibonacci support levels ✅ RSI holding support or breaking into overbought zones Final Note: Always manage risk and approach trades with a clear plan. The crypto market’s volatility can be both an opportunity and a challenge. Stay disciplined and aim for consistent, reasonable gains. 🚀
Long
by alizeynali69
2
Buy GBP/CHF (GBP - CPI Data)The GBP/CHF pair on the M30 timeframe presents a potential Buying opportunity due to form of well-defined channel pattern. This suggests a shift in momentum towards the upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.1427 2nd Support – 1.1474 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
19
XAU/USD (Gold) Wedge BreakoutThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2678 2nd Support – 2692 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
10
AUDJPY Fall? And potential Stock Market correction?Potential short idea on AUDJPY Reasons for (potential) entry: - COT traders are buying JPY and selling AUD fairly aggressively - AUD cutting interest rates, JPY hiking interest rates - AUD could be under pressure due to reliance on China, who are facing economic uncertainty In the past, when COT traders have bought JPY as aggressively as this there's been a stock market correction after it. Not saying it's definitely going to happen again - but JPY is seen as a 'safe-haven' currency and it's usually bought up when investors are risk-off. Stocks have been on a crazy bull run for the last year, I wouldn't be too surprised if there was some sort of correction in it soon.
Short
by ciantrades
7
EURCAD BUY | Idea Trading AnalysisEURCAD is moving in an UP trend channel. The chart broke through the dynamic Resistance line.. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
3
Fundamental Market Analysis for December 17, 2024 GBPUSDGBP/USD broke a three-day losing streak that took the pair to 1.2600 last week, recovering just over half a percent on Monday to return to the 1.2700 range. UK services PMI results for December hit an 11-month low. On Tuesday, UK traders will focus on wage and labor data. Quarterly average wages are expected to rise to 5% year-on-year. Markets await the Federal Reserve's rate decision on Wednesday. Traders will be closely watching the Fed's updated summary of economic projections (SEP) and interest rate forecasts from policymakers. U.S. PMI data for December was mixed, with the services PMI hitting multi-year highs and the manufacturing PMI falling below 50.0, indicating contraction. Retail sales data will be released on Tuesday, but may attract limited market attention ahead of the Fed's final rate decision this year. On Wednesday, traders will keep an eye on fresh UK Consumer Price Index (CPI) data, while the rest of the market will await the Bank of England's (BoE) latest rate decision scheduled for Thursday. The Bank of England is expected to leave the interest rate unchanged. Trading recommendation: Watching the level of 1.2700, trading mainly with Buy orders
Long
by Fresh-Forexcast2004
XAUUSD TECHNICAL ANALYSIS (READ CAPTION)hello my fellow traders. what do you think about this chart. comment your opinion in the comment session. current price: 2658 today a temporary bullish retracement is possible as market could not breakout w1 candle. but market is still in its liquidity zone. if market pull backs from 2668 and 2675 then its next target will be 2635 which is our demand zone. key points: 2668. 2675 demand zone: 2643. 2632 like comment and thank you for support
TVC:GOLDShort
by LindaFxTrading
Buy GBP/JPY Triangle BreakoutThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle. Target Levels: 1st Resistance – 195.76 2nd Resistance – 196.50 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
30
AUDJPY Analysis - BuyAUDJPY Analysis Overview 1. Seasonality: AUD: Bearish until midweek — Seasonal weakness in AUD early in the week aligns with a short-term bearish sentiment. JPY: Bullish — JPY strength throughout the week supports its safe-haven appeal. --- 2. COT Report (Commitment of Traders): AUD: 4-week flip indicates a Sell bias. Non-commercial short positions are increasing, signaling bearish sentiment for AUD. JPY: 4-week flip indicates a Buy bias. Non-commercial long positions are increasing, reinforcing bullish sentiment for JPY. --- 3. Fundamental Analysis: LEI (Leading Economic Indicator): AUD:Decreasing — Suggests deteriorating economic momentum, adding to bearish pressure. JPY: Range — Neutral economic conditions but still supportive due to JPY's safe-haven status. Endogenous Factors: AUD: Mix to Decreasing — Weak internal factors limit AUD’s strength. JPY: Increasing — Improving domestic conditions support JPY buying. --- 4. Exogenous Factors: GBPJPY: Strong Sell — Broader risk-off sentiment in the market favors safe-haven currencies like JPY over risk-sensitive ones like AUD. --- 5. Technical Analysis: On the 1-hour chart: A Cup and Handle pattern and an ABCD pattern are forming, indicating bullish potential. After point C, the price is making Higher Highs (HH) and Higher Lows (HL), suggesting a bullish continuation. These bullish patterns present a good Buy Opportunity, especially as the price confirms its breakout above the handle. --- Bias: Buy Despite AUD's seasonal weakness early in the week, the technical setup on the 1-hour chart favors a bullish bias for AUDJPY. JPY's strength provides additional support for safe-haven flows, but the technical patterns indicate that AUDJPY has room to rally in the short term. Consider entering long positions upon confirmation of the breakout above the handle.
Long
by asadamalik
Fundamental Market Analysis for December 16, 2024 EURUSDThe Euro-dollar pair starts the week with continued gains, trading around 1.05200 during the Asian session on Monday. This rise can be attributed to the decline in the US Dollar (USD) amid lower US Treasury bond yields ahead of the Federal Reserve's (Fed) interest rate decision scheduled for Wednesday. The Fed is widely expected to announce a 25 basis point rate cut at its final monetary policy meeting in 2024. Market analysts predict the U.S. central bank will cut rates but prepare the market for a pause given the strong U.S. economy and inflation stalled above 2%. According to CME's FedWatch tool, markets have already all but priced in the possibility of a quarter basis point rate cut at the Fed's December meeting. In addition, Fed Chairman Jerome Powell's press conference and dot plots will be closely watched. Earlier this month, Powell struck a cautious tone, saying, “We can afford to be a little more cautious in trying to find a neutral stance.” He indicated he was in no rush to cut rates. The euro gained support after President Emmanuel Macron appointed centrist ally Francois Bayrou as France's prime minister, raising hopes for political stability. Macron promised to quickly select a new candidate for the job after Michel Barnier was forced to resign following a confidence vote in parliament. Trading Recommendation: Watch the level of 1.05000, if consolidated below consider Sell positions, if rebounded consider Buy positions.
by Fresh-Forexcast2004
WHERE WILL THE EUR GO NEXT?Trading Plan Baseline Short-Term Sentiment Bias: - Euro under pressure, trading below $1.05 due to ECB rate cuts and political uncertainty in France and Germany. - Markets expect an additional 50 basis points cut by February. Upcoming Risk Events : - German Manufacturing PMI (Dec): Previous: 43.0, Consensus: 43.1. - German Services PMI (Dec): Previous: 49.3, Consensus: 49.5. - Eurozone Flash Manufacturing PMI: Previous: 45.2, Consensus: 45.3. - Eurozone Flash Services PMI: Previous: 49.5, Consensus: 49.5. Surprise: Positive Surprise: - Outcome: PMI beats expectations. - Trade: Long EUR/CHF (bond yield spreads suggest upside). Negative Surprise: - Outcome: PMI misses expectations. - Trade: Quick scalp on EUR/NZD (slight downside based on bond yield spreads). Bigger Picture Macro-Fundamental Bias - ECB's Stance: Data-dependent approach, removed restrictive rate stance. - Inflation Outlook: Headline inflation projected to average 2.4% in 2024, decreasing to 1.9% by 2026. - GDP Revisions: Lowered to 0.7% in 2024 and 1.1% in 2025. - Market Expectations: Continued rate cuts expected due to weak growth and low inflation.
by Midas_Macro
Bearish Setup on EUR/USD After Rejection at Key ResistanceTrading Idea on 1-Hour Chart (H1): The EUR/USD pair is showing signs of a potential bearish continuation after testing a key resistance zone around 1.0540 - 1.0544, which aligns with a previously broken downward trendline. The market structure on the H1 timeframe indicates lower highs, suggesting sellers are regaining control. Technical Confirmation: Key Resistance Zone: The 1.0540 - 1.0544 area acts as a significant rejection point where bullish momentum appears to be weakening. Break-Retest Pattern: The price broke below a descending trendline and is now retesting the zone, showing clear signs of rejection. RSI Indicator: The RSI is currently near 60, reflecting recent bullish movement but remaining below overbought levels, which signals potential exhaustion in the upward move. Technical Confirmation: Key Resistance Zone: The 1.0540 - 1.0544 area acts as a significant rejection point where bullish momentum appears to be weakening. Break-Retest Pattern: The price broke below a descending trendline and is now retesting the zone, showing clear signs of rejection. RSI Indicator: The RSI is currently near 60, reflecting recent bullish movement but remaining below overbought levels, which signals potential exhaustion in the upward move. Summary: This idea is based on a bearish continuation pattern following rejection at a key resistance zone, supported by trendline retest and weakening bullish momentum. Confirmation on lower timeframes (e.g., M15) is recommended before entry.
Short
by Jose_ManuelR
Break down of SUSHI on 1 hour candlesStructure and Price Action: **Descending Triangle Resistance**: The chart shows price facing resistance along the **descending red trendline**, which forms the upper boundary of a **triangle pattern**. Sellers are consistently stepping in at lower highs. **Ascending Support Line**: The price is maintaining support along the green upward trendline, creating an **ascending triangle** structure. This suggests a potential breakout if buying pressure sustains. **Key Consolidation Zone**: Price is consolidating between **$2.10** and **$2.40**, with clear attempts to break resistance. The consolidation indicates indecision but also a build-up for a larger move. **Retest of Order Blocks**: Multiple **bullish order blocks** at $2.10–$2.00 have held as support, reinforcing buyer strength. Support and Resistance: **Immediate Resistance**: $2.40 (descending red trendline and prior swing high). **Key Support Levels**: $2.10: Primary ascending support line. $2.00: Strong structural support aligned with bullish order blocks. $1.80–$1.60: Secondary green support zone below the ascending trendline. Indicators: Moving Averages (EMA 20/50/100/200): Price is above the **EMA 20** ($2.15) and **EMA 50** ($2.16), confirming short-term bullish bias. The **EMA 100** ($2.08) and **EMA 200** ($2.07) are closely aligned, providing a strong support base if price pulls back. Money Flow Index (MFI): MFI is at **60.21**, showing moderate bullish momentum with room for price to move higher before overbought conditions are reached. Stochastic RSI: The Stochastic RSI is currently near **overbought territory** (100.00 and 99.89), suggesting a short-term pullback may occur if resistance holds. However, sustained buying pressure could keep the Stochastic RSI elevated. Volume: Volume remains stable but has declined slightly during consolidation, suggesting indecision. A volume spike on a breakout or breakdown will confirm the next move. Pattern Analysis: The **ascending triangle** pattern suggests bullish continuation, provided price breaks above the descending red trendline at $2.40. Failure to break resistance could lead to a test of lower supports around $2.10 or $2.00. Probabilistic Outlook: Bullish Breakout (Primary Scenario): If price breaks above $2.40 with strong volume, the ascending triangle confirms bullish continuation. Key upside targets: **First Target**: $2.60–$2.65 (next major resistance zone). **Second Target**: $2.80–$3.00 (psychological and prior highs). Bearish Breakdown (Alternate Scenario): If price loses support at $2.10 and $2.00, bearish momentum could build. Key downside targets: **First Target**: $1.80 (green support zone). **Second Target**: $1.60 (historical support and bullish order block). Key Signals to Watch: A breakout above $2.40 with rising volume = **Bullish continuation**. A breakdown below $2.10 = **Bearish reversal confirmation**. Monitor volume during any breakout or breakdown for validation. Conclusion: The chart is consolidating within an **ascending triangle**, with price facing resistance at $2.40. The overall structure remains bullish, and a breakout above $2.40 could lead to further upside toward $2.60–$2.80. However, failure to break resistance may result in a pullback toward $2.10 or $2.00 before the next directional move.
COINBASE:SUSHIUSD
by EncryptShawn