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Nfp

Potentially large move on gold inbound.Gold daily is showing price rejection right in the range of $2,666.90 which is an area of confluence of resistance, Icimoku cloud, and a triangle that price has formed. Looking left I can see that the current price is a high traffic zone with many daily candles opening and closing as well as a lot of indecision. Essentially, I can see price churning to the right until Friday, January 10th for NFP. Because the price is in such a zone that it is in right now, bullish or bearish news, I predict price will push to and passed the zones in green and will most likely move to the support and resistance that I has indicated with the arrows.
FOREXCOM:XAUUSD
by windycitytraderphoenix
BTCUSD | Trade ideaBTCUSD is trading weak ahead of the US Non-Farm Payroll (NFP) data, having hit a low of $55,282 and currently hovering around $55,958. The number of large investors holding between 100 and 1,000 BTC has reached a one-month high of 16,120, indicating that whales are buying BTC at lower levels. BTC ETFs have experienced an outflow of $211 million, marking the seventh consecutive day of withdrawals. According to the CME FedWatch tool, the probability of a 25 basis point rate cut in September has dropped to 57% from 70% a week ago. US Markets: NASDAQ (negative correlation with BTC): Bearish but neutral for BTC, trading weak ahead of the NFP data. A close above 20,000 could push the index to 20,500. Technical Analysis: BTCUSD is trading below the short-term 34-EMA and 55-EMA, as well as the long-term 200-EMA on the 4-hour chart, indicating weakness. On the daily chart, BTC remains below both short- and long-term moving averages, confirming minor weakness. Support Levels: Minor support at $54,000. A break below could push BTC to $53,000/$50,000/$46,000. Bullish Scenario: Primary supply zone: $57,000. A break above this level could confirm intraday bullish momentum with potential targets of $60,000/$61,800/$63,000/$65,000/$67,000/$70,000. Secondary barrier: $70,000. A close above could target $75,000/$80,000.
COINBASE:BTCUSDLong
by DynamicCapital-FX
NAS100 - Nasdaq will welcome Santa Rally?!The index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel. If the index corrects towards the demand zones, you can look for the next Nasdaq buy positions with the appropriate risk reward. In recent days, financial markets have experienced a notable influx of capital. According to a report by Bank of America, capital flows amounted to $8.2 billion into equities, $4.9 billion into bonds, and $3.0 billion into cryptocurrencies. This marks the largest four-week inflow into cryptocurrencies, totaling $11.0 billion. Capital inflows into U.S. equities continued for the ninth consecutive week, totaling $8.2 billion. Additionally, a $4.6 billion investment in small-cap U.S. stocks pushed the 2024 inflows to record highs. Over the 12 months ending in November, an average of 186,000 new jobs were created each month. On a monthly basis, the highest job growth was observed in healthcare, leisure, and government sectors. Employment in the transportation equipment manufacturing sector also saw a boost following the resolution of labor strikes. Recent economic data continues to highlight contractionary pressures and their effects on the U.S. economy. At first glance, November’s NFP employment report indicates a resilient and strong labor market, with the U.S. economy adding approximately 227,000 jobs. This growth was largely due to the recovery of jobs lost to recent hurricanes in the Southeast and the resolution of Boeing labor strikes, both of which had reduced employment figures in October. The October report was also revised upward to 36,000 jobs. Unemployment rose to 4.2%, while labor force participation declined. Despite this, unemployment remains relatively low, though it may rise in the coming months if contractionary pressures persist. This week, major events in global central bank policies are expected to take place. Dubbed by some as the “central banks’ decisive week,” it begins with the Reserve Bank of Australia (RBA) decision. Key U.S. economic data, particularly the Consumer Price Index (CPI), will play a pivotal role in shaping Federal Reserve policies. Investors are primarily focused on inflation data. The November CPI report is set to be released on Wednesday, followed by the PPI report on Thursday. These figures will serve as a precursor to the Federal Reserve’s interest rate decision next week. Projections indicate that annual CPI may rise from 2.6% to 2.7%, while core CPI is expected to remain steady at 3.3%. If no stronger-than-expected data emerges, the Federal Reserve is likely to lean toward reducing interest rates, with the possibility of halting monetary easing in the January meeting. The December 2024 global economic outlook report by Fitch highlights rising inflation risks in the U.S., driven by stronger-than-expected consumer spending, upcoming tariff increases that raise import prices, and slowed labor force growth due to reduced net migration. Fitch forecasts that global growth will decline to 2.6% in 2025, a figure largely unchanged from its September report. However, this global stability masks significant shifts in the economic growth forecasts of major countries. U.S. economic growth for 2025 has been revised up by 0.5% to 2.1%, while the Eurozone’s growth forecast has been reduced by 0.3% to 1.2%. Similarly, China’s growth forecast for 2025 has been lowered by 0.2% to 4.3%. The persistent inflationary trends observed in recent months are unlikely to change significantly with the November CPI report. The CPI data, due on Wednesday, is one of the final and most important indicators ahead of the December 18 Federal Reserve meeting. It may influence FOMC members’ decisions on whether to reduce or halt interest rate cuts. Currently, there is a strong probability of a 25-basis-point cut in the upcoming meeting. Meanwhile, Donald Trump, the U.S. President-elect, stated in an interview with NBC’s “Meet the Press” that he has no plans to request the resignation of Jerome Powell, the Federal Reserve Chairman. Trump emphasized that he does not intend to replace Powell and will continue to work with him. In recent years, financial and tech markets have witnessed remarkable shifts. One such change is the shift in focus from semiconductor companies to AI-related software firms. After a significant rally in semiconductor stocks like NVIDIA and AMD, market enthusiasm has now shifted toward software companies such as Snowflake and Palantir. This reflects a growing realization that AI’s true potential lies in its applications across industries, rather than solely in the hardware enabling it. Semiconductor firms were the initial beneficiaries of this AI boom, but the market is now gravitating toward companies implementing AI in practical and operational ways.
CAPITALCOM:US100Long
by Ali_PSND
US Unemployed to Employed as Indicator of Job Market HealthIn this chart, we use the following symbols: ECONOMICS:USNFP , FRED:UNEMPLOY ECONOMICS:USNFP represents the number of jobs created in a month. FRED:UNEMPLOY represents the number of unemployed individuals for a month. Assuming exactly 1 payroll per person , the ratio 100 * ECONOMICS:USNFP / ( FRED:UNEMPLOY + ECONOMICS:USNFP ) estimates the percentage of previously unemployed individuals who transitioned to employment in the month. If enough jobs are created, the current FRED:UNEMPLOY should equal the previous month's FRED:UNEMPLOY minus ECONOMICS:USNFP , as the jobs created should correspond to the unemployed who found work. When sufficient jobs are created, the number of unemployed decreases, and the ratio increases. A "healthy" value for this ratio is around 2.5% , indicating that approximately 2.5% of unemployed individuals transition to employment each month . Conversely, if insufficient jobs are created, the number of unemployed rises, and the ratio decreases. Ratios around 0% or negative values are usually observed during or before recessions, indicating an unhealthy job market . For last two consecutive months, the ratio has been 0.17% , suggesting an unhealthy job market . Similar patterns were observed before the DotCom and GFC recessions. If this trend continues for several months, it strongly suggests that the US is either on the verge of or already in a recession. Historically, when the 30-week SMA crosses below the 50-week SMA, it signals a recession. This signal was triggered in June '24.
ECONOMICS:USNFP
by eugene_sea
GOLD FURTHER SELL OFF?! (UPDATE)Even today's NFP data couldn't push enough volatility into Gold to invalidate our structure🦾 Today's positive NFP data should have pushed Gold down aggressively, but price is still ranging within a 'Flat Corrective' schematic in-between Wave A & Wave B. We will see push Gold down but ONLY AFTER a 'Flat Corrective' phase has finished playing out. The market will flush out & liquidate all the impatient traders first, then push us higher profits.
OANDA:XAUUSDShort
by BA_Investments
AUDUSD touching important Support on Daily ChartThe AUD/USD pair has experienced a notable decline of -7.82% in recent weeks, without any significant recoveries. This drop has brought the price to a key horizontal support area, aligning with the previously identified triple bottom level on the daily chart. Additionally, the price has tested an uptrend line that has provided support since mid-2022. The overlap of the horizontal support and the uptrend line creates a technically significant zone, indicating a potential slowdown in selling pressure. Bullish Scenario If the price breaks above the downtrend line, acting as dynamic resistance, it could signal a shift in market sentiment, allowing buyers to regain control. Fibonacci retracement levels would then serve as potential targets: An entry point could be considered if a candle closes above the downtrend line on the daily chart. The first target may be near the 38.2% Fibonacci level at 0.6605 (approximately 110 pips). The second target could be around the 50.0% Fibonacci level at 0.6670 (about 170 pips). A stop loss might be placed just below the recent low at 0.6395 (around 100 pips). For confirmation of the bullish scenario, the price needs to stay above the dynamic resistance and begin forming higher highs and lows. Bearish Scenario Conversely, if the price falls below the horizontal support at 0.6400, it would create room for further declines, potentially invalidating the triple bottom pattern and indicating a continuation of the downtrend. In this case, the next significant support level would be around 0.6300, with chances of moving even lower. Impact of US Employment Data The upcoming US employment data, particularly the Nonfarm Payroll figures, could significantly influence the AUD/USD pair. Weaker-than-expected results may weaken the US dollar, benefiting the Australian dollar and increasing the likelihood of breaking the downtrend line. Conversely, strong US labor market data could exacerbate selling pressure, pushing AUD/USD lower. Summary The AUD/USD is at a pivotal juncture on the daily chart, with the convergence of horizontal support and an uptrend line suggesting a possible reversal. However, the market's direction will hinge on subsequent technical movements and, crucially, on US economic data that could shift the balance of power. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
THE KOG REPORT - NFPTHE KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. Quick report this week with the key levels to look for during the rest of the day. We had the 2630-35 region hold price down, giving us the move into the lower target regions completing all the bearish targets for the week, so now we’ll look for a similar move, or, simply stay out of it. We have the level of 2670 still active from the KOG Report, maybe they have held back all week to swoop that level, so for that reason, that is where we will look to for a RIP and possible short attempt. Circled below is a key level, 2625, any attempts at that region with rejection can give that push upside, unless broken. We did say yesterday a break of support will take us into those lower levels of 2610-15 which has already happened, so a similar move can not be discounted for a potential bounce from below. Due to the range, the movement can be extreme, so please be careful, remember the trade comes after the event, let them move price to where they want, look for a clean reversal and you can capture the reversal. RED BOXES: Break above 2650 for 2661, 2664 and 2670 in extension of the move Break below 2625 for 2615, 2610 and 2695 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
2
Euro rally ends, Eurozone GDP expected to accelerateThe euro is steady on Friday after jumping 0.7%  a day earlier. In the European session, EUR/USD is trading at 1.0581, down 0.06% at the time of writing. The eurozone wraps up the week with the GDP and job growth reports and the market is expecting an improvement.  Third-quarter GDP is expected to improve to 0.4% q/q from o.2% in the second quarter. Job growth if forecast to tick upwards to 0.2% q/q, up from 0.1% in Q2. In France, the political chaos continues. A no-confidence vote passed this week and has left the country without a functioning government. Prime Minister Michel Barnier resigned on Thursday after just three months in office. President Emmanuel Macron said he will name a new prime minister shortly but the political crisis could push up French interest rates and the country's large debt. Germany, once the powerful locomotive of the eurozone, has faltered badly and has hampered growth in the eurozone. This week's German manufacturing data was dismal. The Manufacturing PMI remains mired in contraction and was unchanged at 43.0 in November. Factory orders for October declined by 1.5% after a 7.2% gain a month earlier. On Friday, industrial production fell 1% in October, after a 2% decline in September and shy of the market estimate of 1.2%. The German Services PMI slipped into contraction in November and there is political instability, as the coalition German government collapsed in November. A snap election has been scheduled for Feb. 23, 2025. The US wraps up the week with the nonfarm payroll report. With inflation largely contained, the employment growth is once again a key release can move the US dollar. The November report is expected to rise to a respectable 200 thousand, after a weak gain of 12 thousand in October, which was driven downwards by hurricanes and work stoppages at Boeing. EUR/USD faces resistance at 1.0615 and 1.0644 1.0562 and 1.0533 are providing support
by OANDA
XAGUSD - Silver will return to its upward trend?!Silver is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. If the trend line breaks and continues to decline, we can see the demand zone and buy within that zone with the appropriate risk reward. Stabilization of silver above the resistance area will provide us with the path for silver to rise to the supply range. The CIBC bank forecasts that silver prices will average around $35 per ounce in 2025, maintaining this level through 2026. By 2027, prices may slightly decline, averaging $34.50 per ounce. Analysts at the bank expressed a bullish outlook on gold and silver markets, citing preparations by global markets to deal with the unpredictable policies of Trump’s administration. Last month, the president-elect threatened to impose a 25% tariff on imports from Mexico and Canada if they fail to tighten border controls. Additionally, he warned over the weekend that a 100% tariff might be applied to the BRICS bloc if they develop a settlement currency to bypass the U.S. dollar. Analysts stated, “We anticipate that higher tariffs, the potential for trade wars, lower interest rates, and deregulation will all support rising gold and silver prices.” They added, “We believe that Trump’s tariff policies could provoke retaliatory measures against U.S. exports, thereby fueling inflationary pressures.” Performance of Gold and Silver in 2024: • Gold has surged by 29% this year. Following a 3.4% increase in October and a 5.2% gain in September, gold prices declined by 2.5% in November. • Silver also rose by 29% in 2024. However, after advancing 4.3% in October and 7.9% in September, silver prices fell by 5.2% in November. Throughout 2024, gold has repeatedly hit record highs, breaking price ceilings 39 times. However, silver has yet to return to its previous bull market peak of $50 per ounce. While this may be disappointing for silver enthusiasts, historical trends suggest that silver often lags behind gold during bullish cycles, only to later outpace gold explosively. This lag presents an excellent opportunity for investors looking to capitalize on potential gains in this market. Meanwhile, the market’s primary focus remains on the release of today’s Non-Farm Payroll (NFP) report and potential signals from Federal Reserve officials ahead of the central bank’s communication blackout, starting at midnight on Friday. The most significant signal so far has come from Christopher Waller, a Federal Reserve Board member. Waller expressed willingness to support a rate cut in December, but noted that this decision depends on forthcoming economic data. He specifically highlighted the NFP report as one of five key indicators under consideration but cautioned that these figures might be distorted by factors such as October’s strikes, post-storm economic activity, and the upcoming elections. Currently, markets estimate a 70% probability of the Federal Reserve cutting interest rates at its December 18 meeting. This likelihood has dipped slightly from 75% earlier this week but has remained unchanged since Monday. In addition to the NFP report, scheduled speeches from several Federal Reserve officials—including Bowman, Goolsbee, Harker, and Daly—are planned for Friday.
OANDA:XAGUSDLong
by Ali_PSND
XAUUSD - Gold Awaiting NFP!In the 4H timeframe, gold is below the EMA200 and EMA50 and has exited its ascending channel. If gold re-enters the channel and stabilizes above the drawn downward trend line, we can witness the continued rise of gold and limited visibility of the channel ceiling. Within the supply zone, we can sell with appropriate risk reward. The failure of the support area paves the way for gold to fall and you can buy in the demand zones. The U.S. nonfarm payroll report is set to be released today, drawing the full attention of markets. It is expected that nonfarm jobs will increase by 200,000, primarily due to the resolution of the Miloten hurricane and the conclusion of Boeing’s strike. However, recent charts indicate a declining trend in nonfarm employment over the past few years, confirming the weaker labor market conditions that the Federal Reserve has noted during its rate-cutting cycle. Even if the headline figure exceeds 200,000, it is unlikely to prompt a change in policymakers’ stance. The unemployment rate is also projected to rise to 4.2%. Markets may look for meaningful insights from today’s employment data, but they are unlikely to find anything substantial. Overall, the Federal Reserve is expected to cut interest rates again in December. Forecasts for job growth range between 155,000 and 275,000, compared to just 12,000 new jobs in September. The unemployment rate for this month is anticipated at 4.2%, slightly up from 4.1% last month. Last month’s precise unemployment rate was reported at 4.145%, while the labor force participation rate stood at 62.6%. In terms of wages, annual average hourly earnings growth is expected to slow to 3.9%, down from 4% last month. Monthly wage growth is forecasted at 0.3%, slightly below the previous month’s 0.4%. Average weekly working hours are expected to remain unchanged at 34.3 hours. Key data released so far include: • ADP Report: 146,000 jobs added compared to 150,000 in the previous month. • ISM Services Employment Index: Declined to 51.5 from 53, still the second-highest figure of the year. • ISM Manufacturing Employment Index: Rose to 48.1 from 44.4. • Challenger Job Cuts: 57,727 compared to 55,597 in the previous month. • Philadelphia Fed Employment Index: Increased to 8.6 from -2.2. • Empire State Employment Index: Rose slightly to 0.9 from 4.1. Recent trends suggest that the labor market is generally weakening, though temporary improvements are evident in some areas. JOLTS data paints a similar picture, with most Federal Reserve members convinced that the labor market is cooling. However, a single NFP report is unlikely to alter this broader trend, particularly given the influence of hurricanes, elections, and the end of Boeing’s strike on the numbers. On the other hand, President-elect Donald Trump's pro-business policies and "America First" approach have pushed gold prices lower ahead of the new year. However, one Canadian bank believes that gold's upward trend is not over yet. While markets may need time to adjust to Trump's economic policies, CIBC analysts remain bullish on gold's future in 2025. Investors should not be surprised by the gold market's current woes, the analysts said, as a similar trend was seen in 2016, during Trump's first term. The Bank of Canada has reiterated its summer forecasts and stated that Trump's impact on the gold market will ultimately be positive. According to analysts, “It may take several seasons, but inflationary pressures will eventually show. Although this issue may challenge the trend of interest rate cuts, we believe that wealth preservation and the desire of non-US investors and central banks for safe assets will continue to support gold prices." Peter Schiff, chief strategist at Euro Pacific Asset Management, believes that the price of gold will not return below $2,000 an ounce, and that the price of gold is likely to double or triple. He noted that gold fluctuated between $1,500 and $2,000 from 2011 to 2024 and has now reached higher levels without resistance. Schiff emphasized at the New Orleans investment conference that the performance of gold this year shows the strength and high potential of this valuable metal. He also predicted that as the price of gold rises, more investors will be interested in stocks of mining companies. Meanwhile, BlackRock emphasized in its recent report that the Federal Reserve does not appear to have entered a typical cycle of interest rate cuts. The analysis shows that the Federal Reserve is likely to cut interest rates further in 2025. This reduction will occur in a situation where economic growth will slow down somewhat, but inflation will still remain above the target. Therefore, the Fed is unlikely to cut interest rates below 4%, and rates will remain above pre-pandemic levels.
FOREXCOM:XAUUSDLong
by Ali_PSND
XAUUSD 1 HR STRUCTURE CHANGEXAU/USD on the 1-hour chart has shifted its structure back into the established range, signaling a period of consolidation. With the Non-Farm Payroll (NFP) release on the horizon, there is a high probability of a liquidity hunt around the 2655 level. Traders should exercise caution and wait for clear confirmations before entering positions, as volatility is likely to spike during the NFP event. This could present opportunities for sharp moves, but patience and a well-defined strategy will be key to navigating these conditions effectively.
OANDA:XAUUSDLong
by SadarExplore
British pound rises as UK Construction PMI jumpsThe British pound has extended its gains for a third straight trading day. In the North American session, GBP/USD is trading at 1.2757, up 0.45% on the day. The UK Construction sector rose to 55.2 in November, up from 54.3 in October and above the market estimate of 53.4. This indicates strong expansion but the report contained mixed figures. Commercial work sparkled as it jumped to its highest level in 2.5 years. On the other side of the coin, residential work fell to its lowest level since June, as home-building was been dampened by high interest rates and weak consumer confidence. The UK economy is fragile, with a stagnant services sector and manufacturing in contraction mode. The Bank of England has joined the easing cycle and has lowered rates twice this year, with the last cut in November. The BoE meets on Dec. 19 and is widely expected to hold the cash rate at 4.75%. The markets have priced in three rate cuts in 2025 and there was some surprise when BoE Governor Bailey hinted on Wednesday that the central bank was looking at four rate cuts if the BoE’s inflation projections proved correct. Bailey noted that inflation had fallen one percent lower than the BoE forecasted a year ago. Bailey’s optimistic stance on inflation means that the BoE could be aggressive in its rate-cutting cycle in 2025. With US inflation largely contained, the nonfarm payroll release has again become one of the most significant economic releases on the calendar. The November report is expected to rise to a respectable 200 thousand, after a weak gain of 12 thousand in October, which was driven downwards by hurricanes and work stoppages at Boeing. GBP/USD tested resistance at 1.2737 earlier. The next resistance line is 1.2775 1.2684 and 1.2646 are the next support levels
by OANDA
XAUUSD - China, still buying gold?!Gold is below the EMA200 and EMA50 in the 4H timeframe and is moving in its ascending channel. The continuation of the movement of gold depends on the failure or failure of this channel, and you can trade in that direction. In case of breaking the bottom of the channel, we can see the continued decline and see the demand zone and buy within that range with the appropriate risk reward. Maintaining the channel has paved the way for gold to rise to the supply zone, and gold can be sold within that zone. Recent credible research analyzing undisclosed purchases since May 2024 confirms that China has been secretly buying gold. A recent analysis has validated long-held suspicions that, since the beginning of Russia’s invasion of Ukraine, China has been a significant and covert buyer of gold beyond officially reported levels. Goldman Sachs had previously hinted at such activity, and new findings by the analyst at Money Metals further substantiate this claim. According to the report, the People’s Bank of China (PBOC) discreetly purchased approximately 60 tons of gold in September alone. This trend has been ongoing since May 2024, with evidence suggesting a drawdown from London reserves dating back to May this year. While the PBOC has not reported any gold purchases since April, Goldman Sachs’ NowCast data estimates that around 50 tons of institutional gold purchases were conducted by China in May through the over-the-counter (OTC) market in London. This strategy is not unique to China. Other nations, such as the UAE and Saudi Arabia, also employ similar tactics to accumulate gold discreetly while avoiding price spikes. The covert nature of these transactions reflects their intent to bolster reserves while maintaining low market prices. One market analyst has cautioned investors hoping for a Christmas rally in gold prices to proceed with caution, as recent volatility may signal a peak in prices, at least for this year. Ole Hansen, head of commodity strategy at Saxo Bank, noted in his latest report that gold has consistently experienced price increases in December over the past seven years. However, he warned that while recent price corrections might attract bargain hunters in the final month of 2024, gold’s current high prices remain a risk factor. In his note, Hansen stated that the greatest challenge is the 28.3% rise in gold prices this year, bringing it close to the 29.6% growth seen in 2010 and 31% in 2007. While the fundamental supportive outlook for 2025 remains intact, such significant growth could prompt profit-taking and position adjustments before the year ends. Hansen predicted that while gold may struggle to achieve new highs in December, his outlook for 2025 remains bullish, with prices expected to reach $3,000 in the new year. He added that geopolitical uncertainties will continue to support the precious metal as a safe haven. At the same time, the introduction of new trade tariffs on U.S. imports next year is generally perceived as a positive factor for the U.S. dollar. However, the side effects of a stronger dollar could ripple through the global economy, particularly affecting countries reliant on dollar-denominated debt, commodity trade, and export-driven growth. This dynamic might sustain interest in alternative investments like gold and silver. Hansen further emphasized that Trump’s plans for tariffs, tax cuts, and immigration policies could exacerbate inflation and debt—two key risks that gold investors seek to hedge against.
FOREXCOM:XAUUSD
by Ali_PSND
TradeCityPro | NFP : Key Resistance and Breakout Triggers👋 Welcome to TradeCityPro! In this analysis, I will review the NFP chart, which, based on a breakout strategy, could offer a good entry point for spot buying and futures trading. Since this coin’s chart has recently become available, I will skip the weekly timeframe analysis and focus on the daily and 4-hour timeframes. 📅 Daily Timeframe: A Critical Resistance Zone In this timeframe, alongside Bitcoin's rally toward 99,000 and the establishment of a new ATH, NFP also experienced an upward move. It began its rise from the 0.1803 support level, testing it once before successfully breaking the 0.2599 resistance on the second attempt. Currently, it has reached a significant resistance zone between 0.3050 and 0.34. 🔍 Within the range of 0.1803 to 0.3050, there’s a rounding formation visible, which I’ve marked with a curved trendline. Over time, this curved trendline has reduced the bearish momentum in the market. Even after the initial breakdown of the 0.1803 support, this trendline provided support, pulling the price back above the level in the subsequent candle and invalidating the breakdown. Afterward, strong buying volume entered the market, driving the price toward the 0.3050 resistance. 📊 Currently, the decreasing volume during the pullback suggests a healthy trend. However, we must consider the importance of the resistance zone, as it’s the most critical area for this coin at the moment. ✅ If strong buying volume enters, the price could break through this zone and target higher levels. The next target would be 0.3990. If the RSI enters the overbought zone, we could expect higher targets like 0.5874, and the ultimate target would be the ATH at 1.1522. ⏳ 4-Hour Timeframe: Futures Triggers In this timeframe, I’ve marked the resistance zone with multiple lines to make it easier to identify potential futures trading triggers. 🔼 Currently, the trend appears bullish, and I prefer to open long positions. A breakout above 0.3061 would be a suitable trigger for a long position. However, the issue is that, despite recent price increases, the volume has been decreasing, which isn’t a positive sign for the continuation of the trend. 📈 If 0.3061 resistance is broken, the next trigger would be 0.3495. This trigger is more reliable than 0.3061 because the latter would lead into a resistance zone, whereas breaking 0.3495 would exit this zone, allowing for smoother price increases. 🔽 On the downside, if the 0.2595 level is broken, the price will likely enter a corrective phase, potentially dropping to 0.2167. The critical RSI support to maintain bullish momentum is 44.01. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
4
#NFP. Win big or feel the pain! Analysis from 11/19/24Currently, the coin is in a sideways trend, where asset distribution is taking place. A breakout above the resistance level will indicate buyer strength and the potential for further growth. Exiting such accumulation zones, especially in this market, will most likely result in an upward impulse, so it makes sense to try and catch this movement. However, if the $0.2350 level is lost, we will most likely head straight for a support test, after which we will have a clearer understanding of where the price is likely to move next (probably working from sales rather than purchases, as we are doing now). DYOR.
Long
by trendbooster
1
NFP (1M_Journey) Entry ( .1740 +.1670 ) Stop ( 0.1561 )BINANCE:NFPUSDT 1 Million Journey. It is a long journey with NO FOMO & NO RUSH. In those trades i will try to make 1 million USD from 1000 USD. ********************************************************************************* (6) Risk is (7-8%), Reward (40%) First Entry (.1740 ) 750$ Second Entry (.1670 ) 490$ Target ( .239) Stop ( 0.1561 ) ********************************************************************************* General information ************************ 1. throw this challenge i will try to make 1 million USD from 1000 USD 2. It will be very long journey not fixed by time with NO FOMO & NO RUSH. 3. I will take this challenge by my personal money and my personal decisions so please if you need to follow ( do your own plan). 4. May be i can achieve that target and may be not. 5. I think it will be educational challenge. 6. May be a lot of challenges Throw the journey, i will try to correct the path every fall. 6. I do not need 1000X in one coin but i need small profit with a lot of successful trades depend on the following formula for 10% Profit NST= ( IN(FV/C) ) / ( IN (1+P) ) NST = Number of successful trades (NST) FV = Final value C = Capital P = Profit percentage IN = Natural logarithms ( IN from calculator) NST = ( IN ( 1000 000 / 1000 ) / ( IN ( 1 + 10% ) ) = 6.908 /.09531 = 73.5 Successful trade. with no loses. Risk management ********************** 1. Entry by 50% or 75% depend on the market situation. 2. Maximum 5% loses per trade. 3. Maximum 1 lose per day. 4. Maximum 2 loses per week. 5. Maximum 2 trades per day. 6. Minimum rewards has to be 5% and the maximum depends the coin targets & market situation. Trading rules **************** 1. Figuring the best entry point. 2. After achieving more than 5% profit moving stop loss to secure 5% profit . 3. Trading available opportunities in the market ( everyday - every week - every month) 4. Trading will be spot only. 5. Trading will be with trusted & high liquidity platform ( Binance coins). 6. (Monitoring coins - low liquidity coins) will not be traded . 7. (High rewards -low risks - fast trades - lower time frames ) will be traded. Notes ******** 1. these rules can be changed due to the market situations and new challenges. 2. You can check the journey tags in the below links.... www.tradingview.com www.tradingview.com ************************************************************************* Remember always..... NO FORMO - NO RUSH, It is a long journey. Thank you for reading, @Crypto_alphabit *****************************
Long
by Crypto_alphabit