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Macro

EUR/USD Outlook (04 January 2022)Overall, EUR/USD is ranging across. Recently, EUR/USD rejected the resistance zone of 1.13800 and broke below the key level of 1.13. The eurozone final manufacturing PMI data (Actual: 58.0, Forecast: 58.0, Previous: 58.0) released yesterday indicated no change in the final release of the manufacturing PMI for December. Currently, EUR/USD is testing to break above the key level of 1.13. Its next support zone is at 1.12000 and resistance zone of 1.13800. Look for short-term selling opportunities of EUR/USD if it bounces down from the key level of 1.13.
Short
by JinDao_Tai
NZD/USD Outlook (04 January 2022)Overall, NZD/USD is ranging across. Recently, NZD/USD rejected the resistance zone of 0.68400 and traded below the key level of 0.68. New Zealand banks will be closed today in observance of Second New Year’s Day. Expect lower trading volume and volatility during the usual New Zealand market hours. Currently, NZD/USD is trading up toward the key level of 0.68. Its next support zone is at 0.67100 and the next resistance zone of 0.68400. Look for selling opportunities of NZD/USD if it bounces down from the key level of 0.68.
Short
by JinDao_Tai
USD/CAD Outlook (04 January 2022)Overall, USD/CAD is ranging across. Recently, USD/CAD broke above the key level of 1.27. The Canadian Manufacturing PMI data (Forecast: NA, Previous: 57.2) will be released later at 2230 (GMT+8). The OPEC+ will be holding their meetings today. Pay attention to whether the organization will make any changes to its planned oil production hike of 400,000 barrels-per-day. USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29000. Look for short-term buying opportunities of USD/CAD.
Long
by JinDao_Tai
NZD/USD Outlook (03 January 2022)Overall, NZD/USD is ranging across. Recently, NZD/USD traded into the resistance zone of 0.68400. New Zealand banks will be closed today in observance of New Year’s Day. Also, New Zealand banks will be closed tomorrow in observance of Second New Year’s Day. Expect lower trading volume and volatility during the usual New Zealand market hours. Currently, NZD/USD is testing the resistance zone of 0.68400 and its next support zone is at 0.67100. Look for buying opportunities of NZD/USD if it breaks the resistance zone of 0.68400.
Long
by JinDao_Tai
ETH Ethereum looking for bounce off 200MA and Bullish TrendlineMarket sentiment is very mixed at the moment as bulls and bears try to pinpoint exactly where the market is going. In short, nobody has a single clue. There are inflation fears, monetary tightening fears, Omicron fears, supply fears, and even macro trend fears. A recent study suggested that 55% of Bitcoin investors expect BTC to be lower than 60k. While this is not an indicator by any means but simply put, historically an investor never wants to be on the side of the majority. If we take a look at the chart, ETH has broken down from its local Bullish Trendline and is looking to retest the long-term Bullish Trendline and the 200MA. With these levels combined and in confluence, this suggests there will be strong support around the $3600 level. It is important to understand while this is a crucial level, if ETH loses this to the downside then this highly suggests a stronger move to the downside. If we also take a look at the weekly RSI we can see that it currently is very close to a 3 year-long trend which suggests a strong bounce around this area as it has done 4 times prior. At the moment all bullish trends are intact: ~Above Bullish Trendline ~Above 200MA ~Above Weekly RSI Trendline The target could be a retest of broken local trendline around $5500-$6000. If Long-Term Bullish Trendline breaks to the downside, analysis is invalidated.
BITSTAMP:ETHUSDLong
by NoOneWhoIsSomeone
6
btc in an ABC correctionthe move down from the 69k top is a clear zigzag (purple circled abc) correction and the first part of an even bigger correction. this means that this abc is wave A of an ABC of a higher degree (red circled abc) my assumption is that the choppy move in the rectangle still belongs to the first part of the correction and will end at approx. 44.8k, before another move to 56k starts, which is B of the macro ABC From B we will see another leg down, equal to A in length, which will become the C wave and the end of the correction. note: it is possible that A is already done and wave B started at point B (lilac ABC) in the rectangle at 45390. i keep that in mind too. i hope you enjoy the content. pls feel free to like and comment below. best, waverunner
CME:BTC1!
by xwaverunnerx