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EUR/USD: Poised for a Reversal?On November 23, FOREXCOM:EURUSD broke below the critical 1.05 support zone, reaching a low of 1.0336. However, the pair quickly reversed course and has since been trading in a range between 1.0450 and 1.06. A closer look at the price action suggests the pair has established a strong floor and is awaiting a catalyst for an upward reversal. That catalyst could very well come today, with the anticipated Federal Reserve rate cut and subsequent press conference. Given the accumulated market tension, an accelerated move to the upside seems likely. Key Levels to Watch : Support: Any dips below 1.05 should be viewed as buying opportunities, with the potential for a rebound. Resistance: A target around 1.0750 appears realistic in the current context. Invalidation Level: If the price falls back below 1.04, this bullish scenario would be negated.
Long
by Mihai_Iacob
EurNzd could rise to 1.85On October 1st, EUR/NZD reached a local low at the psychological level of 1.75, followed by a reversal that lasted until November 1st, gaining nearly 1300 pips. A normal correction then occurred, and from mid-November, the pair started consolidating between the 1.78 and 1.80 levels. December brought a breakout above the key 1.80 level, and since then, EUR/NZD has been in a nice uptrend. As of now, the price is 1.8230, and it looks like a breakout above resistance is imminent. In this scenario, the next target for the bulls is the 1.85 level.
Long
by Mihai_Iacob
Boyd Gaming Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Boyd Gaming Stock Quote - Double Formation * (Neckline) | Survey Valid | Subdivision 1 * 50.00 USD | A+ Set Up Area - Triple Formation * Retracement | 0.382)) | Subdivision 2 * Trend Line 1 & 2 | Configuration * Daily Time Frame | 85.00 USD Trend Entry | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:BYDLong
by TradePolitics
BXP Inc. Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # BXP Inc. Stock Quote - Double Formation * 52.60 USD | Uptrend Bias | Subdivision 1 * 012345 | Wave (1)) & (2)) | Extended Survey - Triple Formation * Retracement | 0.382)) | 0.236)) & 0)) | Subdivision 2 * 012345 | Wave (3)) | (4)) & (5)) | Subdivision 3 * (1) & (0.618) | Neutral Area Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:BXP
by TradePolitics
AUDUSD InsightHello, subscribers! It's great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - U.S. retail sales for November, reported by the Department of Commerce, increased by 0.7%, surpassing market expectations. - Strong retail sales indicate that the momentum of the U.S. economy is strengthening. While a rate hold is widely expected at the December FOMC meeting, the prevailing view is that rates will also remain on hold in January. - With the Japanese yen weakening further against the dollar, some suggest that Japanese authorities might intervene in the currency markets. I- n the U.K., wages rose by 5.2% year-over-year from August to October, exceeding expectations and driving the pound higher. - In Canada, the November Consumer Price Index (CPI) rose by 1.9%, falling short of the market estimate of 2.0%, which weakened the Canadian dollar. Key Economic Indicators + December 18: U.K. November CPI, Eurozone November CPI, FOMC meeting results + December 19: Bank of Japan rate decision, Bank of England rate decision + December 20: U.S. November Personal Consumption Expenditures (PCE) Price Index AUD/USD Chart Analysis The AUD/USD pair has finally broken below the 0.63500 level. Based on the current chart, further declines toward the 0.62000 level seem likely. However, the direction could shift upward depending on the stance the Federal Reserve takes during this week’s FOMC meeting. If unexpected factors lead to an upward move, I’ll quickly revise the strategy accordingly.
Short
by shawntime_academy
CYCLE 4 | RSI Monthly TrendA quick post to cover Bitcoins Cycles with respect to the Monthly RSI. We can see based on the monthly close RSI values, a descending trend where each consecutive peak for consecutive bitcoins cycles have reduced in magnitude (i.e. a lower low RSI value coinciding with the trend reversal points. This trend is also evident with monthly RSI low values. Using trend lines (based on historic BTC behavior in the past), we can speculate what would not be abnormal monthly RSI behavior for this cycles (Cycle 4) top and the future bear market low. Have a play with the interactive tools in the post to observe details more clearly. I have also detailed Cycle 1-3 length from the bottom to the top, bear markets (top to bottom), halving's and each cycles Fib extensions for your reference. For greater detail, reference the below companion post to this discussion.
BITSTAMP:BTCUSD
by Brodie
Gold in a sideways trendTo follow the previous developments, the price is currently in a sideways trading range or in the absence of a clear trend. Since the price is approaching strong support at the 2600 and 2606 levels that appear repeatedly, if the price continues to respect these levels, the construction of the sideways trend structure of the gold market can be confirmed, which means that the price will rise and fall within a specific range between the support level and the resistance level. Given the developments on the chart, the price is expected to witness some decline towards the resistance level and the ascending trend line in the 3h, 2h and 1h time frame where there is a high probability of an upward movement aimed at restoring balance before preparing for a downward movement. For the long term, monitoring the price at the ascending trend line in the daily range (in further areas) is the appropriate solution for the gold market before determining the direction and making decisions. As a safe haven, the price may continue to rise in the long term if it cannot break the ascending trend line.
FXOPEN:XAUUSDLong
by chihaaymen
1
Johnson & Johnson | JNJ | Long at $146.00Johnson & Johnson NYSE:JNJ is strong (but highly controversial) company with anticipated earnings growth on the horizon. With a P/E of 23x, steady dividend growth record, low debt, and expected increased cashflow, the future is optimistic for NYSE:JNJ if they can stay out of the shady spotlight... While the historical simple moving average I've selected suggests the stock is entering a downtrend on the daily chart, I'm going to go against this given the current price/position it is in. If the price can hold in $140's and then move up, there could be an early cup formation here. However, if the price drops below $140, that idea is out, and the near-term downtrend may be on. But the company, overall, is a personal buy-and-hold for the long-term ups and downs (unless new news points the company in a different direction). Thus, at $146.00, NYSE:JNJ is in a personal buy-zone. Target #1 = $157.00 Target #2 = $165.00 Target #3 = $170.00+
NYSE:JNJLong
by WorthlessViews
POV: ACE : Pole and Flag PatternPOV: ACE : Pole and Flag Pattern Chart Reading: 1. From May'22 constant Long Run formation, considered as Pole 2. After a long run, the script falls into consolidation and forms a Flag Pattern. 3. This consolidation takes around 170 sessions. 4. Trend and Momentum just started to improve. 5. Price trading around 200 SMA after a long history. 6. Wait for the breakout or Pullback Zone for entry. For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:ACELong
by kzatakia
Bitcoin Roadmap==>>Short-termWith the start of the new week and the good news that came during the weekend , Bitcoin ( BINANCE:BTCUSDT ) began to pump again and successfully created a new All-Time High(ATH) . Bitcoin has already managed to break the Resistance zone($104,280-$103,340) . According to Elliott's wave theory , Bitcoin seems to be completed wave 4 ; we should wait for Bitcoin to rise again . The structure of wave 4 is of the Double Three Correction type(WXY) . Bitcoin is currently completing wave 5 . Also, USDT.D% ( CRYPTOCAP:USDT.D ) managed to break the Support lines and the Support zone(4.00%-3.90%) ( on the chart it is currently the Resistance zone ) and we have to wait for another attack on the Next Support zone(3.82%-3.77%) . A drop in USDT.D% can make Bitcoin rise .👇 I expect Bitcoin to start rising again after the completion of microwave 4 of wave 5 . Bitcoin's Targets can be : 🎯 $107,320 - $106,967 🎯 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
8