GBPNZD Will Go Lower! Sell!
Here is our detailed technical review for GBPNZD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2.218.
Considering the today's price action, probabilities will be high to see a movement to 2.208.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Signals
DXY Will Go Up From Support! Long!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 106.945.
Taking into consideration the structure & trend analysis, I believe that the market will reach 108.251 level soon.
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.
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Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
BNBUSD Patience! One more month of consolidation before $2350.Binance Coin (BNBUSD) has been in Accumulation Mode since early March (March 11 1W candle), trading sideways within initially the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line) and since July within the 1st SD above and the 1W MA50 (blue trend-line).
With regards to the 1W MA50 in particular, not only has it been the support since the late December 2023 bullish break-out but was successfully tested and held on the most recent pull-back, the August 05 Low.
This solidifies its position as the Support throughout the remainder of the Bull Cycle, which was in fact also the case during the previous Cycle where BNB had the final accumulation phase (blue ellipse) from September to December 2020, again within the same MMB - 1W MA50 zone, which initiated the most aggressive part of the Cycle (parabolic rally). Check also how similar their RSI sequences are.
That rally peaked on the MM 3rd SD above (red trend-line) so a $2350 price tag, which will 'only' come close to the 2nd SD (orange trend-line), appears to be a realistic Target. So in conclusion, BNB investors need to have 1 more month of patience before they see a real rally, as it was on the week of February 01 2021 that BNB's Parabolic Rally started.
As a side-note, check how the Sine Waves serve as an excellent tool in roughly estimating the timing of the Cycle's peak, as it was very efficient during the previous two Cycles. That could be anywhere around June - July 2025.
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After the US pivoted monetary policy : ??At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future.
Previously, gold investors were disappointed when the Fed sent out an unfavorable signal right after the monetary policy meeting on December 18. The US Central Bank issued a new forecast, showing that there will be 2 rounds of 25 basis point interest rate cuts next year.
According to independent metal trader Tai Wong, Fed Chairman Jerome Powell revealed that he will slow down the process of cutting interest rates in the context of persistent inflation.
This message from the Fed will make the gold price trend worse in the long term.
According to analysts, the gold market has been volatile at times after the US pivoted its monetary policy. Specifically, the FED is expected to cut interest rates by a total of 0.5 percentage points only twice in 2025. This is a big change compared to the FED's announcement in September 2024 that there would be 4 interest rate cuts next year. This move has stimulated a very strong increase in the price of the USD and US bond interest rates.
Because gold is priced in USD, when the "health" of this currency is stronger, it will put pressure on the price of this precious metal. Higher US bond interest rates have attracted investors to put capital into bonds, reducing demand for gold.
Gold is still in a long term uptrend.At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future.
Previously, gold investors were disappointed when the Fed sent out an unfavorable signal right after the monetary policy meeting on December 18. The US Central Bank issued a new forecast, showing that there will be 2 rounds of 25 basis point interest rate cuts next year.
According to independent metal trader Tai Wong, Fed Chairman Jerome Powell revealed that he will slow down the process of cutting interest rates in the context of persistent inflation.
This message from the Fed will make the gold price trend worse in the long term.
Multinational investment bank Goldman Sachs predicts that demand for gold will remain strong as central banks seek to diversify their reserves, especially after Russia's assets are frozen in 2022.
🔥 XAUUSD SELL 2607 - 2609🔥
💵 TP1: 2600
💵 TP2: 2590
💵 TP3: OPEN
🚫 SL: 2615
GBP/USD: Bearish Momentum Holds Below 1.2500GBP/USD trades around 1.2490, showing weakness for the third consecutive day, with the daily chart indicating a bearish bias within a descending channel. The Federal Reserve cut interest rates by 25 basis points as expected, projecting a 2025 rate of 3.9% (up from 3.4% in September). Powell emphasized caution and a slower path for future rate cuts, while the BoE kept rates steady at 4.75%. The strengthening of the US Dollar has been supported by rising Treasury yields, although improving global risk sentiment might limit further gains. A break below the 1.2450 support could push the price towards 1.2400, while a move above 1.2530 might open the door to a potential test of 1.2600, though this remains unlikely without favorable catalysts.
Interest Rates Are Falling, So Why Is the EUR/USD Declining?Hello everyone,
Currently, the EUR/USD pair is trading with a slightly negative bias around 1.0360 in early Friday’s Asian session. The major currency pair remains defensive as the US Federal Reserve adopts a less dovish stance despite cutting interest rates by 25 basis points at its December meeting on Wednesday.
In summary: The Fed’s hawkish tone has delivered its intended impact: the dollar has strengthened, and markets have weakened.
Today, all eyes are on the November Personal Consumption Expenditures (PCE) Index, the Fed’s preferred measure of inflation. Meanwhile, the EU will release its preliminary estimate of December Consumer Confidence.
Technical Perspective:
After the initial decline, the price attempted to recover but faced resistance at key levels, highlighted by the blue liquidity zones on the chart. If the price fails to break through the liquidity zone at 1.03894, we could see further bearish pressure. The first target lies at 1.03502, and a break below this level could drive the price toward 1.03000, marking a significant move for the pair.
Wishing you all successful trades and great profits!
#XAUUSDFed exposed: Probability of raising interest rates next year up to 40%?
🔻 The Fed reduced interest rates by 0.25% to 4.25%-4.50%, but the market perceived this as a "hawkish" move.
🔻 The market reacted strongly: USD soared, stocks fell sharply, US bond yields increased.
🔻 The Fed's economic forecast is controversial when it increases the 2025 inflation forecast to 2.5% and reduces the number of interest rate cuts in 2024 to two.
🔻 Some economists, like Apollo Global Management's Torsten Slok, predict a 40% probability of the Fed raising interest rates by 2025.
🔻 The upcoming Trump administration's trade and tax policies could push inflation higher, forcing the Fed to consider raising interest rates sooner, possibly as soon as the second quarter of 2025.
🔻 Chairman Powell did not rule out the possibility of raising interest rates, emphasizing the need to maintain a flexible stance in the face of
BTCUSDT: Consolidation After Uptrend Break. What's Next?Hello, dear traders. Brian here!
When analyzing the 4-hour chart, we can see an intriguing setup that indicates the possibility of continued bearish momentum if critical support levels fail to hold. Let’s dive deeper into the analysis.
Currently, Bitcoin is trading at $97,547, reflecting a slight pullback from recent highs. The price has recently broken the ascending trendline, which had provided support for a prolonged period. This break, combined with the rejection at the Fibonacci retracement zone, signals a potential trend reversal. Traders should closely monitor the $95,713 level and the EMAs to confirm the next move.
If Bitcoin continues to decline, the next major support levels are at:
$95,713 (1.0 Fibonacci Extension)
$93,085 (1.272 Fibonacci Extension)
$89,742 (1.618 Fibonacci Extension)
Wishing you all great profits in the coming days!
GOLD --> The Downtrend Persists. What’s the Next Target?Dear Friends,
Gold has seen a modest rise amidst a broader bearish trend, currently trading around $2,617, up 1.27% on the day.
This slight uptick can be attributed to sellers pausing their pressure, coupled with the fundamental appeal of gold increasing. As the opportunity cost of holding the non-yielding precious metal decreases due to lower interest rates, gold becomes more attractive.
However, the Federal Reserve's cautious outlook on rate cuts—suggesting smaller reductions than expected next year—could weigh on gold's upward momentum.
Additionally, US Treasury yields edged higher on December 18, with the 10-year yield reaching its highest level since May. Treasuries, often considered a direct competitor to gold due to their interest-bearing nature, could diminish gold's appeal if yields continue to rise.
Ben personally advises waiting for a decisive candle close below the 2636 liquidity zone before taking further advantage of the market trend.
GOLD--> The downtrend is not over yet!Hi guys.
Today, gold prices are trending lower with the current price hovering around $2,600.
Accordingly, this decline is due to the Fed signaling a cautious policy easing path next year, still supporting higher US bond yields and supporting the USD to stand near a two-year high.
Therefore, in the short term, it would not be surprising if Brian prioritizes a short strategy and targets at least $2,538.
GOLD - Should I sell?Brian, hello everyone!
Gold prices “plunged” and fell more than 2% to a one-month low in mid-week trading after the Fed decided to cut interest rates as expected, but noted that it would slow the pace of borrowing cost reductions in the near term. The Fed’s stance boosted the USD and bond yields.
Based on the performance of gold on the 4-hour time frame, along with indicators from EMA and RSI, a bearish trend is expected in the coming period. With the current unfavorable situation for gold, the price of gold is likely to reach $2,537 in the near future.
GBPUSD - continue its downward trendDear Investors,
The GBP/USD pair has rebounded after losing over 1% following the Federal Reserve's aggressive rate cut on Wednesday, currently trading around 1.2590 during Thursday's Asian session.
From a technical perspective, this recovery is likely to be short-lived, stemming from the strong support zone at 1.2567, rather than signaling a sustained rebound. Sellers could easily regain control, especially after breaking below the key level of 1.2645. Moreover, the 34-period EMA shows no signs of a significant reversal, suggesting the price might accelerate towards the next support level at 1.2486.
Attention remains on the immediate resistance at 1.2615, as any failure to hold this level could lead to an earlier-than-expected decline. Stay alert and plan accordingly!
BTCUSDT: Consolidating below key resistance. What next?Hello, dear friends!
BTC/USDT is currently on a bearish trajectory, with the price hovering around $101,200. This decline follows comments from Federal Reserve Chair Jerome Powell opposing the establishment of a national bitcoin reserve fund.
From a theoretical perspective, the outlook suggests further downside potential, as the price is currently near critical resistance levels around the 0.618 and 0.5 Fibonacci retracements, while the descending trendline remains intact. It is anticipated that the decline could extend to the designated support zones.
Wishing you all profitable trades ahead!
GOLD Bearish Breakout! Selll!
Hello,Traders!
GOLD is trading in a
Downtrend and the price
Made a bearish breakout
A retest and pullback
From the key level of 2620$
So we are bearish biased
And we will be expecting
A further bearish move down
Sell!
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