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Waaree Energies Forms Symmetrical Triangle: Next Steps...?WAAREE ENERGIES is currently developing a symmetrical triangle pattern on its price chart. This technical formation suggests that the stock is consolidating, with decreasing volatility as it approaches the triangle's apex. At this time, the share price has bounced off the lower trendline of the triangle, which is situated at the 2820 price level. This rebound indicates potential support at that level, suggesting that buyers are entering the market. If WAAREE ENERGIES successfully breaks out above the upper trendline of the triangle, we could possibly see a significant price movement, signaling a bullish trend. Traders should closely monitor key levels and volume as the pattern unfolds to capitalize on any potential breakout.
NSE:WAAREEENER
by Kartik_Elkunchwar
ETHEREUM 2 HR ANALYSIS 🚨 Ethereum 2 Hour Analysis 🚨 Here’s what we’re watching: 📈 Upside Targets: • TP1:3350 • TP2: 3500 📉 Downside Targets: • TP1: 3200 • TP2: 3100 So we have to watch out for $3250-$3300 level. If ETH stays below then you can target downside targets and if above then you can target above levels mentioned as TP(take profit) Keep an eye on key levels and trade smart! 💹 What’s your take? Drop a comment below and share this with your trading crew! 🚀
COINBASE:ETHUSD
by ProfitMatrix
USDCAD trade analysis / ascending channel + symmetrical triangleUSDCAD got the buy bias. Been checking it for trend indicators, all indicating for buys. As noticeable, it's been slowing down, creating what looks like mostly consolidation. But in the midst of it all, there is most importantly other patterns like an ascending channel and a symmetrical triangle. After combining these ideas, my best guess is to buy. Buy limit is set right above symmetrical triangle pattern with stop loss below the mid-zone of the triangle, and take profit is set right below the current terminal of ascending channel.
Long
by CyberFxTrader
Fundamental Market Analysis for January 3, 2025 EURUSDEUR/USD paused its four-day losing streak, trading near 1.02700 during the Asian session on Friday. European Manufacturing Purchasing Managers' Index (PMI) data on Thursday fell short of expectations, which only added to Euro traders' concerns following a soft speech from European Central Bank (ECB) Governor Yannis Stournaras later in the day. According to ECB Governing Council member Yannis Stournaras, the ECB intends to smoothly cut interest rates until 2025. According to Stournaras, the ECB rate is expected to be somewhere in the neighborhood of 2% at the end of this year. As the Federal Reserve (Fed) will cut interest rates much more slowly than previously expected in 2025, the EUR interest rate differential will widen significantly by the end of the year, putting downward pressure on EUR/USD in the long term. This is in line with the expectations of some analysts who are calling for the euro to reach parity with the US dollar as early as this year. Pan-European PMI results for December fell slightly to 45.1 against expectations of holding at 45.2. While the data itself had relatively little impact, it helped underscore the growing likelihood that the European Central Bank (ECB) will accelerate rate cuts to support the European economy, even as gasoline prices hit their two-year highs, further confounding Europe's economic outlook. The only significant data on Friday's economic calendar is the results of the ISM US manufacturing PMI, which is expected to remain at the declining 48.4 reading for December. Trading recommendation: Watch the level of 1.02500, if it is fixed below consider Sell positions, if it bounces back consider Buy positions.
by Fresh-Forexcast2004
NVIDIA set to make one more higher high to $165?Technical Analysis: ================ A series of higher highs and higher lows in Weekly Timeframe: NVIDIA has found support at $132, which previously acted as a resistance area during June, July, and August 24. If the stock continues to rise from this level, we could see another higher high (yellow cap) around $165. Alternatively, a deeper correction toward $104 could still be on the table if the support fails. Fundamental Analysis: ================== 1) If NVIDIA struggles, it would suggest AI's momentum is waning—which is clearly not the case. This downtrend might simply reflect profit-taking by large traders. 2) The "Santa Rally" is in play, and NVIDIA appears to be on the "nice" list, signaling potential upward momentum. 3) NVIDIA's Blackwell product line is expected to contribute significantly to profits in the next quarterly earnings, potentially providing a substantial boost to the stock. I bought NVIDIA stock at $145 and plan to hold sell at $160.
NASDAQ:NVDALong
by spranav
4
#RUNE #RUNEUSDT #THORChain #Analysis #Eddy#RUNE #RUNEUSDT #THORChain #Analysis #Eddy At your request, dear followers, I'm here with a technical analysis of THORChain (RUNE). On the daily timeframe, after exiting the trend and the ascending channel, I expect RUNE to have a Sharpe decline to the specified demand area after pullback to the specified supply zone at 5.170 & 5.270. After this drop to the demand zone, with confirmation, we can enter long positions with a focus on the targets of $10 and $20. It is also appropriate for spot buy in prices : 2.150 & 2.000 I also invite you to benefit from my Bitcoin analysis... Bitcoin analysis: ((BTC/USD)): Check the link:
by Eddy_Trade_
GOLD BUY Gold prices have shown a significant increase over the past year, with spot gold rising by over 27% in 2024, marking its largest annual gain since 2010. As of January 2, 2025, gold prices continue to rise, with spot gold increasing by 0.39% to $2,634.15 per ounce. Analysts at major financial institutions like JPMorgan, Goldman Sachs, and Citigroup predict that gold prices could further climb to $3,000 in 2025, driven by factors such as lower interest rates, geopolitical uncertainties, and increased central bank purchases. However, some forecasts suggest potential short-term corrections. For instance, a recent analysis indicates that gold prices might test resistance near the $2,630 area before potentially declining towards the $2,545 level. Given these mixed signals, it's essential to stay informed about market trends and consider consulting a financial advisor before making investment decisions. For a more detailed technical analysis of gold as of January 2, 2025, you might find the following video helpful:
OANDA:XAUUSDLong
by TradeAdvisory
EUR/USD: Key Levels to Watch!EUR/USD stabilizes around 1.0400, with low volumes and a cautious market favoring a resilient US Dollar. The technical setup remains bearish: the 20-period moving average acts as dynamic resistance at 1.0470, while the 100 and 200-period moving averages confirm the downward trend. Technical indicators are weak and lack clear direction, highlighting the absence of bullish momentum. Key support is at 1.0370, with immediate resistance levels at 1.0440 and 1.0470. Fundamentally, the Dollar benefits from a stronger US economy and expectations of less accommodative monetary policies, while the Euro faces pressure from weak sentiment and uncertain economic prospects in the Eurozone. Key events, such as the Global Outlook Report and the FOMC meeting in January, could increase volatility. In the short term, the outlook remains bearish with the risk of approaching parity. However, the medium and long term could offer buying opportunities, supported by potential economic recovery in Europe and a weaker Dollar after the peak in US interest rates.
Short
by Forex48_TradingAcademy
2
#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #DUMP #MarkDown #Eddy#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #DUMP #MarkDown #Eddy It was my mistake to give a big short analysis of Bitcoin before the distribution structure was formed. Currently, by combining the analytical styles of Dow Theory & Wyckoff Theory with the combination of the classical price action technical analysis, RTM & ICT, we are witnessing confirmation of the market decline, while the majority have a bullish view of the market, having fallen into the trap of the market maker. Look for a heavy Bitcoin sell position from the marked premium area, don't forget to get confirmation based on your style and manage risk and capital. My Bitcoin Big Short Setup Targets :
by Eddy_Trade_
12
Fundamental Market Analysis for December 31, 2024 GBPUSDThe GBP/USD pair is recovering the previous session's losses, trading around 1.25500 during Asian hours on Tuesday. The pair's growth can be attributed to the weakening of the US dollar (USD) amid a decline in US Treasury bond yields. The U.S. Dollar Index (DXY), which measures the value of the U.S. dollar against six major peers, remains low around 108.00. The dollar ran into trouble when U.S. Treasury bond yields fell about 2% on Monday. The 2-year and 10-year bond yields were 4.24% and 4.53%, respectively. The U.S. Federal Reserve announced a more cautious outlook for additional rate cuts in 2025, marking a shift in monetary policy stance. This development underscores the uncertainty over future policy adjustments amid the expected economic strategies of the incoming Trump administration. The British Pound came under pressure as traders slightly increased their dovish bets on Bank of England (BoE) policy in 2025. Market expectations now reflect a 53 basis points (bps) interest rate cut next year, down from the 46 bps projected after the Dec. 19 policy announcement, during which the Bank of England kept rates at 4.75% with a 6-3 vote split. Trading Recommendation: Watch the level of 1.25500, if consolidated below consider Sell positions, if rebounded consider Buy positions.
by Fresh-Forexcast2004
Bearish Flag Breakdown in Nifty 50 – A Shorting Opportunity Bearish Flag Breakdown in Nifty 50 – A Shorting Opportunity 🚨 Entry: Sell at 23,645 🚨 Stop Loss: 24,050 🚨 Target: 22,580 🚨 Risk-to-Reward Ratio: 1:3 🔍 Analysis: The Nifty 50 has formed a classic bearish flag pattern, signaling potential downside momentum. A breakdown below 23,645 provides an ideal entry point for short-sellers, with a tight stop-loss to limit risk. With a strong confluence of technical indicators pointing toward further downside, the target of 22,580 aligns with the measured move of the flagpole, offering an attractive risk-to-reward ratio of 1:3. 💡 Tip: Always adhere to your trading plan and risk management strategy. Never risk more than you can afford to lose. --- ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. I am not SEBI-registered. Please consult with your financial advisor before making any trading decisions. Trade responsibly! --- What’s your view on this setup? Let me know in the comments below!
NSE:NIFTYShort
by raigvivek
Bitcoin Can Exit From That Pennant Area then start grow up back A pennant pattern in technical analysis is a continuation pattern that typically indicates a pause before the previous trend resumes. In the context of Bitcoin, a bullish pennant suggests that after a period of consolidation, the price may break out upward, continuing its prior uptrend. Recent analyses have identified such a bullish pennant in Bitcoin's price movements. For instance, in September 2024, analysts observed this pattern forming, indicating potential for a significant upward move. By October 2024, further analysis suggested that this pattern could propel Bitcoin's price toward targets as high as $158,000 by May 2025. As of December 31, 2024, Bitcoin's price is approximately $92,352. If the bullish pennant pattern holds, it could indicate further upward movement. However, it's essential to consider other factors, such as market sentiment, trading volumes, and macroeconomic conditions, which can influence price movements. Technical indicators like the Relative Strength Index (RSI) and moving averages can provide additional insights into Bitcoin's potential price direction. For example, a rising RSI and a golden cross formation (where a short-term moving average crosses above a long-term one) are often seen as bullish signals. In conclusion, while the bullish pennant pattern suggests the possibility of Bitcoin's price moving upward, it's crucial to consider a range of technical indicators and market factors before making any investment decisions.
OANDA:BTCUSDLong
by TradeAdvisory
Sell CHF/JPY Triangle BreakoutThe CHF/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Target Levels: 1st Support – 174.00 2nd Support – 173.52 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
24
GOLD XAUUSD IS RECOVERING BECAUSE OF HAWKISH POLICIESThe expert explained that amid persistent inflation concerns, the US Central Bank is expected to be more cautious in its interest rate decisions next year. This is likely to support bond yields and the US dollar, two factors that often reduce the appeal of gold. Higher bond yields have a significant impact on investment demand for the yellow metal, as they increase the opportunity cost of holding these non-yielding assets. “At the same time, the greenback’s resilience, supported by hawkish central bank policies and strong economic data, makes gold more expensive for buyers holding other currencies. These dynamics could limit gold’s upside potential in the first half of next year.” 🔥 XAUUSD SELL 2625 - 2628🔥 💵 TP1: 2620 💵 TP2: 2610 💵 TP3: OPEN 🚫 SL: 2637
OANDA:XAUUSDShort
by SadarExplore
AIXBT set for one more push before correctingThis new coin looks as though it could be on wave 4 of 5. The volume looks strong inferring that the big green bars of late were in fact wave 3, so starting with there it fits really nicely. I'd put a trade on if the trend line is broken to complete wave 4, which would mean the wave 5 has the room to complete. But, the inevitable ABC is absolutely unmistakable after wave 5 is in so watch out for that. I wont be placing any trades as the liquidity is so low. But, you make your own decision. Follow for more.
Long
by cryptechcapital
2