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DXY

GOLD → The bearish rally is intensifying. Next, 2500-2400?FX:XAUUSD accelerates its fall and updates the low, testing the zone below 2600. Panic? Profit-taking? Are buyers turning around? CPI and PPI ahead, is there still hope? Chinese authorities have played a negative role this time with their weak support for markets (traders are wary of potential trade tariffs that Trump may impose), which is generally reflected in the gold price in part. Theoretically, any attempts to rise in gold may be limited, due to the rise of the dollar, which is feeling support from the market amid the excitement of Trump and fading expectations of future Fed rate cuts. Ahead is the consumer price index, which could have an impact on the Fed's future rate path and the US dollar. Technically, gold is trying to break out of a key range breaking support. If a false break of 2604 is formed, a small correction to resistance may form. Resistance levels: 2626, 2637 Support levels: 2604, 2569, 2546 If the bears keep the price below 2605-2600, the decline may intensify, but since the price is testing strong support, a false breakdown and a correction may be formed as a primary reaction, for example to 2626-2637 (0.5 fibo) before a further decline. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
24
$USIRYY -U.S CPI (October/2024)ECONOMICS:USIRYY @2.6% (October/2024) source: U.S. Bureau of Labor Statistics - US Inflation Rate Picks Up The annual inflation rate in the US increased to 2.6% in October, from 2.4% in September and in line with market expectations. On a monthly basis, CPI rise by 0.2%, consistent with the previous three months with shelter index up 0.4%, accounting for over half of the monthly increase. Meanwhile, core inflation stayed at 3.3% annually and 0.3% monthly.
ECONOMICS:USIRYY
by Mr_J__fx
EUR/USD : First Short, then LONG! (READ THE CAPTION)Analyzing the #EURUSD chart on the daily timeframe, we can see that the price is currently trading around the 1.06 level. Since the previous analysis, it has dropped over 500 pips. I anticipate that the price will soon react positively to the 1.052 to 1.058 zone, potentially leading to a recovery of 40 to 300 pips.Keep an eye on these marked levels! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
26
GBP/USD : First Short, then LONG! (READ THE CAPTION)Analyzing the GBP/USD chart on the daily timeframe, we can observe that the price is experiencing a significant decline. I anticipate that this heavy drop will likely pause, at least temporarily, upon reaching the demand zone between 1.267 and 1.2735. This is a key area of interest, and I expect a potential return of 50 to 200 pips from this level. This analysis will be updated as necessary. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
33
XAUUSD - CPI CPI CPI!The world's largest gold-backed mutual fund posted its biggest weekly outflows in more than two years last week. Donald Trump's resounding victory in the election caused traders to take their profits. The SPDR fund (GLD) saw more than $1 billion in outflows, the fund's biggest weekly outflow since July 2022, according to data compiled by Bloomberg. The price of gold decreased by 1.9% during the same period. Total gold ETF holdings fell 0.4 percent, the second straight weekly decline. Investors usually look for safe assets in times of political and economic uncertainty. They sought the safe haven of gold last month as the US presidential election was expected to be competitive. But as Trump swept to victory after capturing key battleground states and Republicans took control of the Senate, the decisive outcome prompted investors to exit their positions to preserve their gains. Trump's victory also boosted the value of the U.S. dollar and the stock market, which was a negative for gold as it made the bullion less attractive to investors holding other currencies. Bitcoin, for example, has been boosted by President-elect Donald Trump's embrace of the digital asset and the prospect of a Congress with pro-crypto lawmakers. Gold traders continued to take profits on Monday, with prices hitting one-month lows and shares of gold mining companies falling. Key economic events to watch include today's release of the US net Consumer Price Index (CPI) for October, which the Fed will be watching closely to assess whether consumer inflation remains on track to reach Is it at the 2% level or not?
FOREXCOM:XAUUSDLong
by Ali_PSND
GOLD → A change in structure and a change in trend. CPI ahead!FX:XAUUSD is turning around. The daily session closes below 2604 and the breakdown of the global structure confirms the bearish nature of the market. The fight for the key 2600 zone continues... Trump's tough policies could slow the Fed's easing cycle, the dollar would then continue to strengthen at the expense of gold... There is another Fed rate meeting in December and obviously the question is: either 0.25% or hold. All eyes are on the CPI, the data will determine whether the Fed will continue its rate cut trajectory after December. A downside surprise in CPI could reinforce dovish expectations for the Fed. Conversely, a stronger inflation report could trigger a change in the regulator's stance. Any reaction to the news could be short-lived as attention immediately shifts to Thursday, PPI and Powell's... Resistance levels: 2616, 2626, 2637 ! Key level: 2604 Support levels: 2590, 2569 The fight for 2604 continues, if the bears can keep the defense below this zone, we should expect a fall. But, there is a high probability of correction on the background of news volatility and retest of resistance 2626-2637 before the further fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
DXY, Is correction on the way ?Hello Traders, Hope you are doing great. for upcoming days and for a short period of time, we'll probably see a downward correction to Specified level in TVC:DXY , we also have a Divergence on 4H that confirms our theory. so with a proper trigger we can open a short position. We will also probably find better buy positions in FX:GBPUSD And FX:AUDUSD than the FX:EURUSD . Trade safe and have a great weekend. And finally tell me what do you think ? UP or DOWN ? leave your comment below this post. If this post was helpful to you, please like it and share it with your friend. THANKS.
TVC:DXYShort
by aminrzb
EURUSD - markets are waiting for the CPI!The EURUSD currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term descending channel. In case of an upward correction to the release of the CPI index today, we can see the supply zone and sell within those zones with the appropriate risk reward. The placement of this currency pair in the specified demand zone will provide us with the opportunity to buy it. According to sources, the United Kingdom and the European Union have decided to intensify their efforts to draft and implement a joint defense treaty in response to Donald Trump’s victory in the U.S. elections. Meanwhile, German Chancellor Olaf Scholz emphasized the importance of close relations with the United States and insisted on deepening EU-U.S. cooperation, particularly in trade. He stated, “If the Trump administration decides to impose tariffs on the EU, we have both the authority and the capacity to respond accordingly.” Robert Holzmann, Governor of the Austrian Central Bank and a member of the European Central Bank’s Governing Council, recently spoke with the newspaper Kleine Zeitung about the possibility of a rate cut in the December meeting. He noted that currently, there is no reason to avoid a rate cut, but this does not mean it will definitely happen. Holzmann stressed that the final decision will be made after receiving the latest forecasts and economic data in December, adding, “There is currently nothing opposing a rate cut, but that does not mean it will automatically take place.” In other developments, Japanese investors in September recorded their highest purchase of German government bonds since 2018, while continuing to avoid French bonds due to concerns over France’s financial situation. According to Japan’s balance of payments data, released on Monday, Japanese investors acquired a net 859.6 billion yen ($5.6 billion) of German bonds in September. Japanese funds also sold French government bonds for the fifth consecutive month, marking the longest selling streak since 2022. Today’s Consumer Price Index (CPI) report, the first key U.S. economic data post-election, has garnered market attention. While inflation data has been of lesser significance in recent months, this report may impact trading sentiment, especially if the downward inflation trend faces setbacks. The monthly core inflation rate is expected to come in at around 0.30 percent, while the overall monthly inflation is expected at approximately 0.21 percent. Additionally, core annual inflation is likely to hold steady at 3.3 percent, while the overall annual rate could rise to about 2.6 percent. In the absence of surprises, today’s report is not expected to trigger significant market reactions; however, any upward surprises may have a larger impact. Currently, there is about a 63 percent probability of a 25-basis-point rate cut in December. Barclays Bank now forecasts only one 25-basis-point rate cut by the Federal Reserve next year, a shift from its previous forecast of three such cuts in 2025. This adjustment follows recent developments, including Donald Trump’s election as U.S. president and the latest meeting of the Federal Open Market Committee (FOMC). Meanwhile, Goldman Sachs has updated its own projections for the Fed’s monetary policies next year, expecting the U.S. central bank to initiate quarterly rate cuts starting in March 2025.
Long
by Ali_PSND
Copper - The negative impact of Trump's victory on commoditiesCopper is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. If copper falls due to the release of today's economic data, we can see demand zone and buy within that zone with a suitable risk reward. If the upward trend starts and the bottom of the channel is maintained, it is possible to sell copper in the supply zones in the short term. After Donald Trump’s victory in the U.S. election and the positive reaction from markets, investors are refocusing on economic data. Trump’s historic return to the White House was met with strong market responses, with stocks and Bitcoin reaching new highs and the U.S. dollar hitting a four-month peak. Treasury yields also saw significant increases. It’s worth noting that yields have been rising since late September as investors anticipated fewer rate cuts by the Federal Reserve over the next two to three years. Now, Trump’s victory has diminished hopes for rate cuts. If Trump follows through on his promises to cut taxes and increase tariffs, these measures could drive prices up by boosting domestic demand and raising import costs. In this scenario, the Federal Reserve may have to maintain tight monetary policy for a longer period than current expectations. The U.S. Consumer Price Index (CPI) report, scheduled for release today, will provide the first economic clues post-election for rate cut forecasts. The annual CPI rate fell to 2.4% in September but is expected to rise to 2.5% in October. Monthly CPI is projected at 0.2%, unchanged from the previous month, while core CPI (excluding food and energy) is expected to increase from 3.3% to 3.4% in October. In China, senior lawmakers approved a plan to shift local government debt to the official balance sheet, allowing Beijing to better assist local governments in managing debt challenges. The Standing Committee of the National People’s Congress also approved a plan to increase the local debt ceiling. According to Mr. Xu, head of the National People’s Congress Budget Committee, China intends to raise the local government debt cap by 6 trillion yuan. China’s exports have also surged, as Beijing braces for Trump’s potential tariff threats. Chinese factories have ramped up production to ship goods to major export markets before any new tariffs are imposed. Trump’s election win has intensified tariff concerns among Chinese officials and factory owners. Meanwhile, U.S. lawmakers have demanded more detailed information on advanced chip-making equipment sales to China by major manufacturers, reflecting growing tensions between the superpowers and concerns about potential military applications. Taiwan Semiconductor Manufacturing Company (TSMC) has also informed several Chinese clients that it is suspending production of AI and high-performance computing chips to comply with U.S. export control laws. On the other hand, Commerzbank predicts the potential for further gains in the U.S. dollar is limited, and that Trump’s macroeconomic policies may be less impactful than anticipated. While Trump’s policies are inflationary, the effects are likely to be contained, meaning the Federal Reserve may not need to raise interest rates.
CAPITALCOM:COPPERLong
by Ali_PSND
Bitcoin on the Path to Unprecedented Success. Trade plan!Technical Analysis for Bitcoin (BTC/USD) Chart Observations Falling Wedge Pattern: A bullish reversal pattern is forming, indicating potential upward momentum if the price breaks above the resistance trendline. Breakout scenarios typically target the previous high or a significant resistance level. Support and Resistance Zones: Resistance Zone: Around $91,000-$92,000, visible as the upper orange zone. Support Zone: Around $78,000-$79,000, visible as the lower orange zone. Indicators: RSI (Relative Strength Index): Currently at 38.08, showing oversold conditions and a potential for upward momentum. Stochastic Oscillator: Indicates bullish divergence with oversold conditions, suggesting a potential upward price movement. HMA (Hull Moving Average): Neutral to slightly bullish, sitting at 53.63. Money Flow Index (MFI): Showing outflows (red), indicating possible selling pressure. Volume: Relatively low, suggesting a lack of conviction in either direction. A breakout accompanied by high volume will confirm the next major move. Divergences: Visible bullish divergences on the VMC Cipher B suggest a potential reversal if the falling wedge resistance is broken. Trading Plan Scenario 1: Bullish Breakout Trigger: Break and close above the falling wedge resistance with strong volume confirmation. Entry: Place a long position at $86,500-$87,000. Targets: First Target: $90,000 (conservative). Second Target: $92,000 (major resistance zone). Stop Loss: Below the wedge breakout level at $84,500. Risk-Reward Ratio: Aim for 3:1. Scenario 2: Bearish Breakdown Trigger: Break and close below the wedge support with strong volume. Entry: Place a short position at $84,000-$83,500. Targets: First Target: $80,000 (conservative). Second Target: $78,000 (lower support zone). Stop Loss: Above the wedge support at $86,000. Risk-Reward Ratio: Aim for 3:1. Risk Management Allocate 1-2% of your portfolio per trade. Monitor key levels and indicators, particularly volume spikes, RSI, and stochastic trends. Keep an eye on macro news and Bitcoin-related announcements that could influence market sentiment. If the price remains range-bound within the wedge, avoid over-trading and wait for a breakout confirmation. Ensure all trades are backed by stop-loss orders to manage potential losses effectively.
BINANCE:BTCUSD
by elfabiiani
DXY Update and Levelsafter good impulse move to the upside there is certainty of price going into pullback mode because . price recently broken the trend line which was from weekly side so the next liquidity zone is supply from monthly which is 1% away and on other hand price can try to retest the fvg which nearby 0.5% below the current price (105.998) or the round figure 105 can act as support my take - before going to 107 zone price should retrace and get some liquidity from fvg
TVC:DXY
by Jimmy_Rebello
DXY Is Very Bearish! Short! Please, check our technical outlook for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 105.886. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 104.561 level. 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. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1