EURUSD following the news
Yesterday, we saw significant fluctuations in EURUSD after the ECB lowered interest rates.
The focus now shifts to the FED's decision next Wednesday, which will be crucial.
Until then, the sideways movement we’re currently seeing may continue.
Key support levels to watch are 1,0445 and 1,0400!
Pivot Points
Gold CFDs: Expert StrategiesFXOPEN:XAUUSD AlexGoldHunter Technical Chart Analysis: CFDs on Gold (US$/OZ) 1-Hour Timeframe
Current Market Structure
Current Price: $2,687.330
Key Fibonacci Levels:
0.786: $2,710.71975
0.705: $2,707.044375
0.618: $2,703.09675
0.5: $2,697.7425
0.382: $2,692.38825
Swing High: $2,690.00
Swing Low: $2,674.50
p1D High: $2,720.00
p1D Low: $2,666.50
Indicators and Volume
RSI: 43.47 (neutral to slightly oversold)
MACD: Bullish momentum with histogram at 0.567 and signal line at -4.915
Volume Profile: Significant trading activity around $2,700, indicating potential support/resistance zones
Buy Strategy
Confirmation:
Look for RSI to drop below 30 (oversold condition) and start to rise.
Ensure MACD histogram shows increasing bullish momentum.
Look for a bullish candlestick pattern (e.g., hammer, bullish engulfing) near the 0.5 Fibonacci level ($2,697.7425).
Entry: Enter a buy position around the 0.5 Fibonacci level ($2,697.7425).
Stop Loss: Place a stop loss below the recent swing low ($2,674.50).
Take Profit: Aim for a 1:3 risk-reward ratio. If the stop loss is $20 below the entry, the take profit should be $60 above the entry.
Sell Strategy
Confirmation:
Look for RSI to exceed 70 (overbought condition) and start to fall.
Ensure MACD histogram shows increasing bearish momentum.
Look for a bearish candlestick pattern (e.g., shooting star, bearish engulfing) near the 0.786 Fibonacci level ($2,710.71975).
Entry: Enter a sell position around the 0.786 Fibonacci level ($2,710.71975).
Stop Loss: Place a stop loss above the recent swing high ($2,690.00).
Take Profit: Aim for a 1:3 risk-reward ratio. If the stop loss is $20 above the entry, the take profit should be $60 below the entry.
Buy Signal
ENTRY: $2,697.7425 TP: $2,717.7425 (1:3 risk-reward) SL: $2,677.7425
This should provide you with a structured approach to trading CFDs on Gold (US$/OZ) based on the current chart setup and technical indicators. If you have more questions or need further adjustments, feel free to let me know!
ASX 200 futures look set to bounceThe Nasdaq reached a record high and the S&P 500 is close to reaching its own record high. So while the Dow was lower for a fourth day, 2 out of 3 indices rising could help support the ASX today.
It's been over a week since the ASX began retracing from its record high, and with prices now trying to form a base above the monthly pivot point and historical weekly VPOC (volume point of control), I'm now looking for longs.
The ASX has opened lower but remains within the overnight range. Assuming prices hold above the spike low, the bias is for a move higher to last week's VAL (value area low) or VPOC.
$RESPPANWW Fed Balance Sheet at 2020 Level Before QEVery interesting chart to watch here FRED:RESPPANWW
Clearly shows we're still in QT, but obviously markets have been pumping.
The Fed balance sheet is sitting at $6.9T which is the level in 2020 when the Fed continued its 2nd round of QE.
I doubt they would announce they are buying assets again at the next FOMC on 12/17, but quite possibly at the January or March 2025 meeting after Trump takes office.
LINK STARTEDhello friends
This potential coin finally started its trend.
Considering the sharp movement he has made, we expect that the specified targets will move.
The loss limit of this currency is the red line, if it falls below it, we will exit with a small loss.
Note that this coin has a lot of potential.
Don't forget capital management.
Be successful and profitable.
$BTC Moment of Truth - Massive Move Ahead!This whole move up to $100k appears to be topped out and coming to the final squeeze.
Going to be a drastic move in either direction very soon.
CRYPTOCAP:BTC is either going to $115k or ~$85-90k.
My Spidey-senses lean towards the latter; Bull Trap.
Volume has been falling off a cliff during this rally, showing a strong case for a Bearish Divergence.
If that happens, expect a drastic sling-shot rebound, so get your bids in now.
I do expect a Santa Rally EOM.
EUR/GBP Reversal in SightHello,
OANDA:EURGBP has reached a fresh low, and buyers are beginning to step in, suggesting a potential shift to the upside. The key support level to watch is 0.820688; if the price breaches and closes below this level, further downside could follow, although this seems unlikely at the moment. To confirm a reversal, the price needs to break and sustain above the 4-hour pivot point at 0.823253.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Regular and principled...hello friends
We came up with FANTOM currency analysis.
This potential coin, which is active in the DEFI field, has been able to grow well by forming an upward channel.
Now we have specified the purchase limits for you in case of modification.
Now it is logical to buy one step, but in case of correction, we can wait until the specified areas and then make our purchase.
But in case of successful failure of the channel, we can still buy and move with the specified goals.
Note that this coin has a high growth potential....
EURCAD Resistance , All eyes on SellingHello Traders
In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET
today NZDCAD analysis 👆
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Gold is in the Bearish DirectionHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPJPY Trendline Breakout , All eyes on BuyingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
A bright future!!!hello friends
We have come with the analysis of another coin
DYDX which is in DEFI area.
This coin has been suffering for a long time and now by making a bottom, it was able to experience an upward movement.
It is expected that it will move at least up to the limit of range and this time it is likely to succeed in breaking the ceiling.
Now, if you have this coin, you can keep it up to the range limit, and after the successful failure of the range, you can proceed to the specified targets with it.
Now, if you want to buy this coin, our suggestion to you is that one entry step is appropriate now and we will wait if the market corrects at the specified points, we will buy other steps.
If you grow from this area, you can buy a step with the successful failure of your TR and wait for good targets...
EUR/CHF Near Support, Reversal AnticipatedHello,
OANDA:EURCHF is once again testing support levels, with the 1-month to 1-year low holding at 0.92042. An upside movement is anticipated at this stage, but caution is warranted as further tests of support could occur. Currently, the price appears to respect and find support near the 0.925466 level. A reversal is likely to follow soon!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Analysis and review of UNISAWPHello dear friends
We are at your service by analyzing and reviewing a coin from the DEFI field.
Coin of the decentralized exchange UNISAWP, which is a very, very potential coin.
This coin has expected movements, as you can see, it was suffering for a long time, now that the decentralized exchanges are speaking first, it was able to get out of the suffering and make an upward movement, but this is just the beginning of the story...
After his rise, he made a good pullback and due to the rounding of the trend, he gives us this signal that a big rise is happening.
If you have this currency, we suggest that you keep it.
But if you are looking for a buying opportunity, you can make a buying step here and wait to buy in the specified areas if the market corrects.
Note that this coin has a good future...
Doubling Down on Gaming: $DUEL Set to Soar ATHsDecided to increase exposure in the gaming sector. Already holding $NAKA and INDEX:GALA , now adding BYBIT:DUELUSDT to the mix. I'm also eyeing BINANCE:VANRYUSDT , but for now, these three will be my focus.
I entered BYBIT:DUELUSDT at 0.005, aiming for an exit near the previous high—roughly a 5x from here. Looking forward to seeing where these plays take me in Q1!
SHIB | ALTSEASON | Another PUMP for ShibaInu?The reason why I argue that SHIB (and many other alts) are still due for increases , is largely because of two reasons : ETH, and the BTC.D chart.
On the topic of ETH new ATH, more info on that reasoning here:
I've been watching (for months) the interplay between the Bitcoin dominance chart, Bitcoin, and the Total3 chart. There's an interesting hidden pattern that exists here if you overlap them together, giving key insights on the timing of the Bitcoin ATH, and Altseason.
More info on that here:
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BINANCE:SHIBUSDT BINANCE:ETHUSDT