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Sidewaysmovement

XAUUSD Speculative BuySAXO:XAUUSD moves higher from Asian to Europe session and seems continue to catch 2670. As middle east tension continue spark, investor and trader likely hunt the safe haven assets especially GOLD. Another fundamental reason is FED Cut Rate cycle probability which now on 80% 0.25bps cut this month. On the technical analysis side, GOLD now testing the sideways resistance. We may see 2658 - 2666 as resistance area and if it's broke up the price would come to 2670-2677 as we see MA200 on H4 and trendline resist on D1 chart. Anyone agree with this idea? Please leave your comment! Thankyou
SAXO:XAUUSDLong
by vicariuzchrist
#Nifty50 Volatile week ahead, outlook for 2-6th Dec 2024The Nifty 50 index concluded the week on a strong note, closing at 24,131, up 225 points from the previous week. The index oscillated between a high of 24,354 and a low of 23,873, staying within the predicted range of 24,500 to 23,300. For the upcoming week, I anticipate the index to remain confined to a range of 24,750 to 23,600 . A breach of these levels could trigger significant market volatility. A closer look at the weekly chart reveals a potential W-pattern formation. To complete this pattern, a pullback towards the 23,500-23,600 support zone is necessary. Whether this pullback materializes next week will be crucial to watch. S&P 500 Breaks Resistance, Sets Stage for Further Gains The S&P 500 index finally managed to breach the strong Fibonacci resistance level of 6,013. If it can sustain above the 6,000 mark, a move towards the 6,142 level, representing a 1.5% upside, is likely. Such a move could provide a positive impetus to global markets. However, a failed breakout could lead to a 2% correction, potentially testing the 5,914-5,900 support zone. Investors should be prepared for both scenarios.
NSE:NIFTY
by ssudhirsharma11
Will Bitcoin Tag 44k Before More Selling Ensues?Just wanted to give you all a quick summary of where I stand regarding the recent Bitcoin price movement. In short, I believe that Bitcoin could possibly still tag 44k before the sellers come back again to take us back down to 37-39k. This is where I start to make my re-entries once again, DCA'ing it as we fall. Plus, we'll start by looking at the DXY and SPY and I'll show you what is going on there and what that tells us about how crypto will move.
INDEX:BTCUSD
by stewdamus
EUR/USD lacks any firm near-term direction"Hello everyone! Let's take a look at the performance of the EUR/USD pair in the early trading session this Tuesday. Unfortunately, the pair struggled to gain any significant momentum and remained confined within a narrow trading range, just below the 1.0900 level. This movement appears to be influenced by the convergence of the EMA and nearby resistance levels. In the current scenario, investors seem hesitant and unwilling to make significant commitments, opting instead to wait on the sidelines amid uncertainties surrounding the European Central Bank (ECB)'s potential interest rate decision. Notably, if the EUR/USD continues to fall and surpasses its 2024 low of 1.0844, recorded on January 17th, we might see it approaching the next lower level around 1.078, reflecting the dominant downtrend of this currency pair. How about you? What are your goals for EUR/USD in the coming period? Share with me!"
by Karina_Bella
4
EURUSD : wrapped up in congestion near 1.090 Hello dear friends, are you wondering about the trend of EURUSD? Today EURUSD is trading around 1,088 and still continues the short -term gaining momentum on the 1H chart. However, when looking at the general trend, this pair of money is still sideway at a limited price below the resistance level of 1,090 and the support level of 1,084. The USD (DXY) index remains the same trend of price increase and is further supported by comments from R. Bostic (Atlanta) thereby continuing to put pressure on the EURUSD pair. Karina still appreciates the Sell strategy today with the trading idea as being displayed on the analysis chart
by Karina_Bella
CADCHF: Bullish Reversal Potential - Long Trade Setup📉 Overview: CADCHF is shifting from a downtrend to sideways movement, signaling a potential bullish reversal. A sharp bullish divergence and a strong 97% bullish market sentiment enhance the likelihood of an upward move. 📊 Technical Analysis: Transition from downtrend to sideways, coupled with a bullish divergence, sets the stage for a potential bullish reversal. 📈 Market Sentiment: A robust 97% bullish sentiment supports the potential strength of the upward reversal. 📉 Trade Strategy: Traders may consider a long trade if the key level at 0.63910 is breached. Entry points near the coming higher lows (HL) or Fibonacci retracement levels like 0.236 or 0.382 are potential considerations. 🛑 Risk Management: Implementing effective risk management, including appropriate stop-loss orders, is crucial to safeguard capital. 📈 Conclusion: CADCHF presents a compelling long trade opportunity with bullish signals and strong market sentiment. Monitor the break above 0.63910 and adjust positions based on evolving market conditions.
Long
by miansarimhameed
Audusd boosts the trend of increasingHello dear friends, After a long period of moving sideways, AUDUSD has finally regained upward momentum as the USD weakens and provides support for this currency pair. The 0.644 peak has been easily surpassed and could potentially become a strong support level, as indicated by the 4-hour chart analysis showing an upward trend supported by the reversal from the EMA 34 line. A retest of the Breakout area could further solidify the strong development of this currency pair. Wishing you all the best of luck!
by Karina_Bella
6
EUR/USD stays defensive below 1.0600 Hello dear friends, As per Karina's analysis in recent days, EURUSD is facing difficulties in finding opportunities for price increase and there hasn't been any indication that EURUSD will reverse its direction. This currency pair has been weakened by cautious risk sentiment while the US dollar remains steady ahead of the Fed's interest rate decision and important employment data from the United States. Yesterday, after reaching the resistance level of 1.064, the price quickly turned back and is currently at 1.057. Overall, the trend of EURUSD is still moving steadily within a range and trading around the activity area of the two ema lines. Therefore, it is likely that the next moves of this currency pair will still be within the expected range of 1.065 - 1.052. What are your thoughts on EURUSD?
by Karina_Bella
1
USDJPY: What is the next challenge?Hello dear friends! So after weeks of anticipation, USDJPY has finally reached the desired resistance level of 150.00. As mentioned in Karina's previous analysis, even though UJ has been trading sideways, it doesn't necessarily mean that this currency pair will decrease, and there are no signs indicating a reversal. The question is how long it will take for this pair to reach the 150.00 mark. Regarding today's UJ price: After surpassing the yearly high of 150.000, USDJPY needs time to solidify this upward momentum. The price is currently moving sideways around the 150.221 area and may retest the previous breakout zone to officially confirm this strong price increase. If you find this article helpful and informative, please leave a comment for Karina!
by Karina_Bella
5
Quiet gold trading but still not stoppedHello dear friends! Gold prices today continue to trade quietly with minimal fluctuations, as this precious metal remains sideways around the $1975 range, and there is still limited information regarding future trends. However, it is not because the upward momentum of gold has ceased, but rather the market needs to consolidate above the resistance level of $1985 per ounce. The psychological level of $2000 per ounce is crucial, especially for short-term traders, so gold may experience a slight decline before resuming its upward trend. According to Karina, a potential decline could occur near the initial support level around $1950 per ounce, followed by $1920 per ounce. Gold has experienced rapid gains over the past two weeks, so a profit-taking phase may be activated this week. What are your thoughts? Do you think gold will rise or fall?
OANDA:XAUUSD
by Karina_Bella
9
Audusd: No breakthrough is going onHello traders! The Australian dollar (AUD) traded positively on Tuesday, extending its gains for the second consecutive day. The AUD/USD pair received a boost as the US dollar (USD) adjusted, possibly due to a decrease in the US Treasury bond yields. However, on the AUD analysis chart, there is still no sign of breaking out of the trend, and the price continues to narrow while the downward trend persists. Additionally, the price is still trading around the operating zone of the EMA 34 and 89, indicating a preference for subdued trading within the range of 0.637 - 0.628, along with sideways movement for now.
by Nolan_Signal
5
GBPUSD: The motivation to increase prices but not sustainableHello dear friends! GBP rose by 0.69% yesterday. The upward momentum has increased, albeit not by much. Today, GBP may test the level of 1.2290 before the risk of a pullback increases. The highest expected level around mid-October, near 1.2340, is unlikely to materialize. Support stands at 1.2225, followed by 1.2200. After dropping to a low of 1.2093 last week, GBP has rebounded and reached a high of 1.2258 yesterday. The upward momentum seems to be forming, and GBP may rise to the level of 1.2340 in the coming days. At this stage, the likelihood of GBP breaking clearly above this level is not high. On the other hand, if GBP breaks the strong support level at 1.2165, it would mean that it will be difficult for it to rise to 1.2340.
by Karina_Bella
10
GBPUSD: Interesting trading week!Hello dear friends! Another week has come, so let's explore the market with Karina! As we saw last week, GBPUSD didn't experience much change in trading. The price remained sideways within a narrow range, and no significant breakthrough occurred. This week, GBPUSD started the session by maintaining its previous trading level at 1.2155. However, it is expected to be an eventful week as news continues to be released from October 24th to October 27th. If the news is positive, it is likely that the resistance level at 1.23 will be easily surpassed. On the other hand, if GBPUSD fails to hold its current stability below the support level of 1.205, that will be the target. What are your thoughts on the upcoming moves of GBPUSD?
by Karina_Bella
7
GBPUSD: stable price but not sureHello traders! Today, GBP/USD continued to face new downward pressure, dropping to the 1.2100 area before experiencing modest recovery during the European trading session. Short-term technical prospects indicate that the downward trend persists, despite some sideways movement. It can be observed that retail sales in the UK decreased by 0.9% compared to the previous month in September, according to a report by the UK's Office for National Statistics on Friday. This data is weaker than market expectations of a 0.1% decline and weighs on the British Pound. Meanwhile, Bank of England Governor Andrew Bailey told the Belfast Telegraph that he expects inflation to "decrease significantly" next month. "Assessing the inflation data for September, core inflation has decreased slightly compared to what we anticipated, which is quite encouraging," Bailey added, posing challenges for GBP/USD in its recovery momentum.
Short
by Nolan_Signal