SHORT EUR/USDEURUSD is bearish and in a downtrend on the weekly timeframe.
EURUSD confirmed its down movement after breaking 1.05 area and the double top forming at that neckline at that timeframe.
The next target is below parity to previous year low 0.9535 and at the lower of the down channel & next big demand support zone at area 0.84-0.85.
DXY
USOIL Best Level to Short/Hold 10% swing trade setup🔸Hey guys, today let's review the 2 hour chart for US oil . Any upside is
limited by strong overhead resistances, currently trading near range highs
so overall risk/reward shifting in bears favor.
🔸Strong resistances will cap upside at 72.00 usd / 72.50 usd. right now
locked in tight trading range, however expecting final pump to trigger overhead stop losses before reversal and subsequent sell off event.
🔸Recommended strategy for BEARS: wait for the final pump before short selling from strong overhead resistances at 72.00 and 72.50 SL fixes at 74.00 usd, TP1 bears is 68 usd TP2 bears is 66 usd. swing trade setup, patience required. good luck!
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GOLD FURTHER SELL OFF?! (UPDATE)Gold buyers are looking very weak towards the bottom part of this 'Flat Correction' channel. We've already seen a melt off of 950 PIPS since we got a Wave 2 rejection at $2,725.
This impulse move would count as 'Minor Wave 1' of the 'Major Wave 3' downwards trend. Any consolidation we see will be 'Minor Wave 2' correction. YOU WANT TO ENTER SELL POSITIONS on these wave 2 corrections, if you haven't already!
XAUUSD - gold waiting for the Federal Reserve meeting!Gold is below the EMA200 and EMA50 in the 1H time frame and is trading in its medium-term bearish channel. In the authentic failure of the support area, we can see the continuation of the gold decline and the demand zone. Within the zone of demand, we can buy with a suitable risk reward. If the resistance range is broken, you can sell in the supply zone.
The Federal Reserve’s monetary policy meeting is scheduled for today. According to a recent report by Crédit Agricole, it is expected that during the December meeting, the interest rate will be reduced by 0.25%, bringing it to a range of 4.25-4.50%.
While this rate cut has largely been priced into the market, the Fed’s monetary statement may carry a hawkish tone. It is anticipated that the Federal Reserve will indicate slower rate cuts in 2025 due to resilient economic conditions and persistent inflation. Crédit Agricole predicts that Jerome Powell, the Fed Chair, will likely hint at pausing rate cuts early in 2025.
Additionally, recent employment and inflation data from November suggest that the Fed is in a position to implement this rate cut.
However, the risks associated with persistent inflation indicate that the rate-cutting cycle will progress more gradually. Crédit Agricole estimates that interest rate projections for 2025 could be revised to 3.625% and for 2026 to 3.125%. These figures represent reductions of 0.75% in 2025 and 0.5% in 2026, showing smaller decreases compared to earlier forecasts.
According to the Financial Times, Israeli negotiators have met with mediators in Doha to discuss a ceasefire with Hamas and the release of hostages from Gaza. These talks are taking place ahead of Donald Trump’s inauguration in January. Both Israeli and U.S. officials remain cautiously optimistic about reaching an agreement, though disagreements over key details persist.
The Israeli negotiating team arrived in Qatar on Monday, focusing on resolving major points of contention. It is expected that both sides will respond to a recent mediator proposal, which includes a six-to-eight-week ceasefire and the release of hostages in exchange for Palestinian prisoners.
These discussions have intensified following Donald Trump’s victory in the U.S. elections. Steven Witkoff, Trump’s envoy to the Middle East, has met with Benjamin Netanyahu and Qatar’s Prime Minister to advance the agreement.
Despite progress, significant challenges remain, including disagreements over the number of hostages to be freed and the presence of Israeli forces in Gaza. While Hamas has softened its stance somewhat, substantial differences still exist.
UBS, in its recent report, has projected that gold prices will reach $2,900 per ounce by the end of 2025. A key factor highlighted by UBS is the continued demand for gold from central banks, driven by the declining value of the dollar and diversification of reserves. UBS expects central bank gold purchases to remain strong throughout 2025, supporting elevated gold prices.
Moreover, investor demand for gold as a hedge against geopolitical and policy uncertainties will play a significant role in maintaining high gold prices. UBS points to ongoing concerns about the Russia-Ukraine conflict, Middle Eastern tensions, and uncertain fiscal and trade policies under the incoming administration of Donald Trump. These factors could boost investment in gold-backed exchange-traded funds (ETFs).
Lower interest rates and a weaker U.S. dollar are additional factors that could drive gold prices higher. UBS predicts that interest rate cuts will continue and the dollar will weaken further, which will bolster demand for gold.
In addition to gold, UBS has identified opportunities in copper and other transition metals. Global investments in power generation, energy storage, and electric transportation are expected to serve as long-term drivers of demand for these metals.
GOLD → Ahead is the Fed and the rate decision. What to do?FX:XAUUSD tested strong support on Tuesday at 2633 before traders moved into a buying phase, hoping a possible rate cut would support their intentions
There is a 93% probability that the Fed may cut interest rates by 0.25%. But the thing to pay attention to here is the general backdrop - the Fed's stance. Hawkish hints about 2025 could have a much bigger impact than a rate cut, which is partially already factored in by the market.
Any hint of fewer rate cuts next year could be a growth driver for the dollar. Powell's comments play an important role in assessing the situation for next year against the backdrop of Trump's policies
Downside risks for gold are quite high due to the controversial situation in favor of the Fed's hawkish stance.
Technically, the emphasis is on the local channel. A price exit beyond 2658 or 2633 will be accompanied by a strong impulse.
Resistance levels: 2658, 2675
Support levels: 2645, 2633, 2620
The situation is very controversial and complicated, that's why several directions relative to the key zones are indicated on the chart.
Everything depends not only on the actual rate numbers, but also on the Fed comments, namely we are interested in the tone and stance for next year. Recommendation - skip trading before the event and wait until volatility decreases to be able to adequately perceive the market position
Regards R. Linda!
XAGUSD- silver, waiting for the correction process to continue?!Silver is below EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. If the decline continues, we can see the demand zone and buy within that range with the appropriate risk reward. Stabilization of silver above the resistance range will provide us with the way for silver to rise to the supply range.
With the Federal Reserve beginning its interest rate cuts in September and expectations for this trend to continue, markets are now shifting their focus toward determining the neutral rate. The neutral rate refers to the benchmark interest rate in a normal economic cycle that neither accelerates economic growth nor slows it down.
Federal Reserve officials have emphasized that predicting this rate is currently not feasible. They insist that it is necessary to observe how economic data reacts to each stage of rate cuts before making any conclusions about the neutral rate. Nevertheless, bond market fluctuations suggest that this rate may be higher in the current cycle compared to previous ones. On average, FOMC members estimate a long-term neutral rate close to 3%, although this figure remains uncertain.
According to a recent Reuters survey of economists, the yield on 10-year U.S. Treasury bonds is expected to decline to 4.3% within three months and 4.25% within a year. These figures were 4.25% and 4.1% in the November survey, and 3.8% and 3.75% in October.In a note from Citi, it was stated that demand for gold and silver is likely to remain strong until U.S. and global economic growth stabilizes. Additionally, buying these precious metals as a hedge against declining equity values will persist until U.S. interest rates reach the neutral level.
This week, besides the FOMC’s decision on interest rates, other key economic data will be released. These include the GDP report, the Personal Consumption Expenditures (PCE) index, and the latest findings on consumer sentiment.
Bloomberg has reported that Wall Street’s perspective on the U.S. dollar is shifting. Policies introduced by Donald Trump and further rate cuts by the Federal Reserve in the second half of 2025 could weaken the dollar’s strength. Analysts from Morgan Stanley to J.P. Morgan predict that the U.S. dollar will peak by mid-next year before entering a downward trajectory. Similarly, Société Générale has forecasted a 6% decline in the dollar index by the end of 2025.
Bloomberg also noted that Jerome Powell, the Federal Reserve Chair, is expected to announce another quarter-point rate cut. However, the bigger question is what signals the Fed will provide regarding the future policy path and whether this will heighten tensions between Jerome Powell and President-elect Donald Trump.
Following a full percentage point reduction in borrowing costs since mid-September, Powell and his colleagues are expected to pause rate cuts for now. The Federal Reserve is likely to maintain a holding pattern during its January meeting and reassess inflation and labor market conditions in March.
This approach could lead to friction between the FOMC and Trump’s White House. Known for his preference for low rates and frequent complaints when he feels rates are not low enough, Trump’s arrival in office just over a week before the January meeting may amplify these tensions.
DXY Is Going Up! Long!
Please, check our technical outlook for DXY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 106.958.
Taking into consideration the structure & trend analysis, I believe that the market will reach 109.013 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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dxy drops to $88Gm.
It has taken us a while to get to where we are today, and I’m excited to share an update on the DXY this fine morning as I sip the tastiest coffee in all the lands.
Two years ago, around this time, I called the top on the DXY via:
We have yet to surpass that high, and today I bring you an exciting update. The DXY has officially confirmed the drop that is to come by rejecting a target we've been eyeing for the last quarter of the year.
While there’s always a chance it could go slightly higher, I’ve included one target above the recent rejection.
If my primary theory plays out, the DXY will see a sharp decline below $90 by the end of 2025. This will also coincide with the creation of a "top" in the global liquidity index.
AUDUSD - Top-down Analysis ReviewThis is an AUDUSD top-down analysis using ICT concepts along with some of my own considerations. I demonstrate how I work my way down all the way from the 12-month timeframe to the daily timeframes. Everything is relevant, especially the bodies of the candles.
Read the chart this way and have insights you would otherwise never have.
- R2F
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
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GOLD → Manipulation ahead of a possible rate cutFX:XAUUSD is declining after a false breakout of 2658 (0.5 fibo). We can say that this is a manipulation before a possible growth. Technically gold has a neutral trend. The emphasis is on support.
Markets continue to consider the possibility that the Fed will lower interest rate by 0.25% on Wednesday. This could spark a bearish rally in the dollar, which would be favorable for gold, which is heading for support. But here we should also take into account the comments of the Fed, which based on economic data is beginning to question its decisions and change into a hawk. The suspension of the rate cut cycle in January may put pressure on the markets, including gold, but this problem is postponed until 2025. Today all eyes are on retail sales.
Technically, gold is flat and heading for strong support....
Resistance levels: 2646, 2658
Support levels: 2633, 2620, 2617
Price is heading towards support before the news. Manipulation before a possible rise? The probability is high :)
We are waiting for support retest, false breakdown and possible growth to the mentioned targets
Regards R. Linda!
USDCAD BULLISH TO $1.42 (UPDATE)
What did I tell you all 3 days ago? Wave III has completed, so we should expect a retracement down towards Wave IV. USDCAD has dropped 150 PIPS towards our supply zone, so well done if you caught short term sells!
Price is now rejecting our supply zone with bullish momentum, so you can start looking to getting into buys towards major Wave V & major Wave Y.
USDCAD BULLISH TO $1.42 (UPDATE)Remember my USDCAD analysis posted 3 weeks ago? Market moved exactly how I said it would. We saw Wave III create its top, which led to sellers coming in & pushing price down towards our Wave IV zone.
Bulls came back in rejecting our Wave IV zone & now running 115 PIPS in profit towards our Wave V (Major Wave Y) target!
Dollar Index (DXY): One More Bullish Movement
Yesterday, I predicted a nice pullback on Dollar Index.
It looks like today, we have one more.
The price testing a key intraday/daily horizontal support
and formed a double bottom on that.
Bullish violation of its neckline may push the market higher.
Goal - 107.1
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