US30 Gain as Bank Earnings Impress Inflation Report in SpotlightFutures Rise on Strong Bank Earnings; Inflation Data in Focus
Strong quarterly earnings from major Wall Street banks lifted U.S. stock index futures on Wednesday, with investors eagerly awaiting a key inflation report due later in the day.
US30 Technical Analysis
The price has reached the resistance level at 42770 and is expected to consolidate between 42770 and 42590 until a breakout occurs. Volatility is anticipated during the CPI release:
If the CPI exceeds 2.9%, bearish pressure may drive the price down to 42380.
If the CPI comes in below 2.9%, bullish momentum could push the price toward 42930 and 43210.
Key Levels
Pivot Point: 42770
Resistance Levels: 42910, 43170, 43350
Support Levels: 42590, 42400, 42130
Trend Lines
CADCHF to continue in the UP Trend move Hello Traders
In This Chart CADCHF 4 HOURLY Forex Forecast By FOREX PLANET
today CADCHF analysis 👆
🟢This Chart includes CADCHF market update)
🟢What is The Next Opportunity on CADCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
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
Let me know your thoughts. Trade safe
XRP BULLISH - Retesting Support Before Moving Up On Weekly TFXRP recently ripped through multi-year resistance and is re-testing a major support level at the $2.00 level. This is perfectly normal and should be expected.
It looks like support is holding and XRP is going to bounce upwards. In this case, expect a move towards it's all-time high near the $3.30 area.
TP at $3.30 would be approximately a 50% move upwards from here!
AUDJPY is Holding After Channel BreakoutHello Traders
In This Chart AUDJPY HOURLY Forex Forecast By FOREX PLANET
today AUDJPY analysis 👆
🟢This Chart includes_ (AUDJPY market update)
🟢What is The Next Opportunity on AUDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
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
Trading Plan for PEPECOIN: Will It Make Bonk and Dogecoin Moves?COINEX:PEPUSDT dev is a former Dogecoin Dev. Their blockchain is more like a fork of the Dogecoin chain.
They have an increasing number of miners across the world, they currently have 1036 nodes.
They are listed in the Binance Launchpool.
Devs look serious with development.
The moment they switch attention to marketing, 5x is an easy target.
But don't go all in at those levels on the chart because of the potential.
Manage your risk.
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Critical Moment for TIAUSDT: Bullish Reversal or Breakdown?Yello, Paradisers! Are you watching TIAUSDT closely? It’s at a critical juncture, and what happens next could shape the next major move. Let’s break it down!
💎Currently, TIAUSDT is holding its bullish market structure on the higher timeframes, which is an encouraging sign for the bulls. After taking inducement, the pair has also formed a classic "W" pattern, accompanied by a bullish divergence—a combination that significantly boosts the probability of a bullish reversal from these levels.
💎However, caution is always key. If the price retraces further or we see panic selling, we might still find a bounce from the support zone. For this scenario to play out, we’ll need to wait for a bullish I-CHoCH (Internal Change of Character) to confirm the reversal on lower timeframes. Without this confirmation, entering prematurely could expose us to unnecessary risk.
💎On the flip side, if the price breaks down and closes a candle below the support zone, this would invalidate the current bullish idea. In that case, it would be prudent to wait for new, stronger price action to develop before considering re-entry.
🎖This is why patience and discipline are your best allies in trading, Paradisers. Emotional decisions or rushing into trades without confirmations can lead to costly mistakes. Stick to robust strategies and always wait for high-probability setups to unfold. Remember, long-term consistency is what separates the winners from the herd.
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USDCAD bearish continuation Following my previous #USDCAD analysis,
we've gained a 137 pip move. Check out my earlier post for more details.
💥Now,
✔we have a breakout from the trend,
....👁with a potential retest in the making.
🤝 Let's grow together! #Follow me to stay updated and benefit from my shared insights.
EUR/CAD - Long Trade Idea.High Probability Setup for a Long Position (In my opinion)
Currently we have been in a solid Bearish Trend since Christmas, price has been forming Lower Lows suggesting Sell positions have been preferred.
On the HTF we see we are currently Bullish and that price is actually currently in a Long Term Pullback stage. To back this statement up at the end of November price had a very large movement to the downside creating a Strong Low. Price begegging of December then pushed back up filling the Imbalances and taking out Liquidity but we did NOT break the previous high.
Although price is below current EMA lines on the Daily Time frame I do believe we will see a large push to the Upside taking out previous Liquidity on this current Bearish Trend. To confirm I would like to see this as a Breakout trade. We have a Trend line on this chart to help us identify a breakout and we can look for Long positions once price actions takes out the most recent 4HR Strong High.
Pink POI level that is on this chart is suggesting an area I have marked to suggest where price likes to respect. This will be the level I look for my long positions after price breaks out of this Bearish Trend.
Bullish Pressure will be starting to show over the course of the next few days suggested by a Large Engulfing Candle Stick and MacD showing us a Bullish Histogram.
XLMUSDT → High readiness for a bull run to 0.6100BINANCE:XLMUSDT is ready to move into the realization phase after coming out of a strong accumulation. The market is struggling for a strong buying zone.
The coin, technically, is ending its correction. The price is gradually updating highs and breaking intermediate resistance levels, but the key factor is the exit from the medium-term consolidation and breaking the resistance of the descending channel formed on H4.
If the bulls hold the defense above the key support zone 0.46 - 0.452, we can expect growth in the medium term. In addition, the rising bitcoin and the approaching Trump inauguration can be good drivers for the cryptovalt market.
Resistance levels: 0.486
Support levels: 0.4605, 0.4522
Thus, the focus is on the consolidation of 0.486, 0.46.
A break of resistance will activate the rally. False break of support and consolidation above the level will also be a good signal that the bulls are quite aggressive.
Regards R. Linda!
GOLD → Uptrend, price depends on CPIFX:XAUUSD continues to form an uptrend on the local and medium-term timeframe. The price is again testing strong resistance on H4-D1 and is showing signs of readiness to rise to 2700-2750.
The PPI report was a bit of a surprise and a small driver for the markets, including gold, as the dollar moved into correction. CPI is ahead and bets are high on the report as it could change the market's assessment of the prospects for a Fed rate cut this year. A strong CPI could add pressure on gold, while a weak report would support the bulls.Hawkish Fed rates are supported by the premise that Trump, who begins his second term next week, is likely to fuel inflation with his protectionist policies.
Technically, there is an area of volume density and order block ahead, which could trigger a small pullback to support from which upside could continue.
Support levels: 2678, 2674, 2669
Resistance levels: 2690, 2697, 2703
But, in the short (mid) term everything depends on the news. CPI is ahead and with weak data gold may go on a bull run, but strong data may stop the growth and turn the metal around. Focus on key levels!
Regards R. Linda!
EURJPY → The fall may continue after the correctionFX:EURJPY is under pressure. The currency pair is breaking the local uptrend. Technical and fundamental background is weak, which in general can put pressure on the market.
Globally, the currency pair has no trend and is trading within the range of 166 - 156. The last growth attempt was unsuccessful, the price could not approach the intermediate maximum and facing a strong bear the price turned around and fixing below the SMA headed to the lower boundary of the flat.
Locally, the change of character to bearish is confirmed, but before further fall the price may form a correction, for example, to 0.5 Fibo (imbalance zone), or to local zones of interest, but in the medium term the fall may continue.
Resistance levels: 162.3, 163.1
Support levels: 160.9, 159.8
A false breakdown of local support is formed, which may lead to correction, but since we have confirmation that the market is bearish, after the correction the fall may continue.
Regards R. Linda!
SOLANA → Will a false breakdown be the cause of the rally?BINANCE:SOLUSDT is testing a previously broken downtrend boundary as part of a correction. Bulls are employing aggressive methods to keep defenses above key support ahead of Trump's inauguration, keeping hopes high
On the weekly timeframe, the market is supported by SMA50 support indicating a strong uptrend. The focus is on two strong levels: 204.75 and 175. These are the boundaries of the current range. A breakdown of any of the boundaries will play a key role in further price movement. But I consider the realization of resistance as a priority.
On D1 yesterday a false break of strong support was formed in the form of previously broken downtrend resistance. This indicates that the market is still in a bullish plane and on the background of upcoming important news this could have a favorable impact for the coin.
Resistance Levels: 203-204
Support levels: 183, 175
If the price starts to retest the support at 175 and form a consolidation with a gradual downward compression, the risk of breaking the bullish pattern will increase.
But, based on fundamental data, I expect a consolidation above 183 and further growth
Regards R. Linda!
AUDUSD expected to fall againOn the daily chart, AUDUSD is under pressure below the downward trend line, and the bearish trend is dominant. At present, we can pay attention to the support near 0.6130 below. If it falls below, it is expected to continue to fall, and the downward target is around 0.6050. If the downward trend line is not broken, the trading idea of shorting on the rebound is maintained.
Great Lakes Dredge&Dock 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
# Great Lakes Dredge&Dock
- Double Formation
* (Continuation Argument)) | Area Of Value
* 012345 | Wave Count Survey Completed | Subdivision 1
- Triple Formation
* (Alignment & Bias On Hold | Invalid Pattern | Subdivision 2
* Numbered Retracement | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
CADCHF: Bullish Move From Key Level 🇨🇦🇨🇭
CADCHF formed a nice trend-following bullish setup.
After a test of a key level, the price bounced and violated
a resistance line of a bullish flag pattern.
We can expect a bullish continuation at least to 0.6372 level now.
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GbpUsd could correct from important supportLast week, GBP/USD saw a sharp decline, dropping over 400 pips from its recent high after briefly spiking above former support, which has now turned into resistance.
The pair is currently trading at 1.2150. Although the overall trend remains strongly bearish, a short-term correction and upward move is possible.
The 1.2070 level serves as key technical support, and with the psychological 1.2000 level nearby, short-term traders might find buying opportunities in this zone.
If a rebound occurs, the 1.2300 level could serve as a potential target for such a trade.
Gold Price Analysis: Potential Reversal at Key Fibonacci LevelsOANDA:XAUUSD Gold Price Analysis: Potential Reversal at Key Fibonacci Levels
The chart displays the price action of CFDs on Gold (US$/OZ) on a 4-hour timeframe. The price is currently at $2,669.460, showing a slight decline of 0.04%. The chart includes several technical indicators and annotations:
Fibonacci Retracement Levels:
0.382 (2,659.51836)
0.5 (2,640.4)
0.618 (2,621.28164)
0.705 (2,607.1859)
0.786 (2,594.06228)
Volume Profile:
High volume nodes around $2,679.171 and $2,658.824, indicating strong support/resistance levels.
Trend Channels:
The price is moving within an ascending channel, with upper and lower bounds marked by blue dotted lines.
Moving Averages:
The chart shows multiple moving averages, indicating the overall trend direction.
Relative Strength Index (RSI):
The RSI is currently at 60.89, suggesting that the market is neither overbought nor oversold.
Candlestick Patterns:
Recent candlesticks show a potential reversal pattern near the 0.382 Fibonacci level.
Buy Strategy:
Entry: $2,658.824 (near the high volume node and 0.382 Fibonacci level)
Take Profit 1 (TP1): $2,679.171 (+203.47 pips)
Take Profit 2 (TP2): $2,697.910 (+391.86 pips)
Stop Loss (SL): $2,640.4 (-184.24 pips)
Sell Strategy:
Entry: $2,679.171 (near the high volume node and upper bound of the channel)
Take Profit 1 (TP1): $2,658.824 (-203.47 pips)
Take Profit 2 (TP2): $2,640.4 (-387.71 pips)
Stop Loss (SL): $2,697.910 (+187.39 pips)
VIP Signal:
Buy Signal:
Entry: $2,658.824
TP1: $2,679.171 (+203.47 pips)
TP2: $2,697.910 (+391.86 pips)
SL: $2,640.4 (-184.24 pips)
Sell Signal:
Entry: $2,679.171
TP1: $2,658.824 (-203.47 pips)
TP2: $2,640.4 (-387.71 pips)
SL: $2,697.910 (+187.39 pips)
This analysis leverages Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies to provide comprehensive buy and sell strategies. The key levels identified offer optimal entry and exit points, ensuring a balanced risk-reward ratio for traders.
AUDJPY Weekly Analysis: Potential Rebound at Major TrendlineOn the AUDJPY weekly chart, there is an interesting rebound potential around the main trendline. Previously, the price has bounced off this area several times, as indicated by green arrows. This pattern suggests that the trendline remains a strong support level.
Currently, the price is approaching this trendline area, offering a buying opportunity with measured risk. If another rebound occurs, the main target is at the psychological level of 110, which also serves as a potential resistance. If the price fails to stay above the trendline, a stop loss is placed at 93.6 to limit losses and manage risk effectively.
This analysis supports a swing trading strategy, considering the weekly timeframe, which shows a long-term upward trend. The consistent price movements around the trendline strengthen the validity of this analysis.
Disclaimer:
This analysis is part of a trading plan and does not constitute trading advice. Technical analysis is probabilistic and does not guarantee profitability. Always implement good risk management in every trading decision.
Old supportPair just landed on a more than two years old support trendline. Do you think is going to break it through? I don't think so. You can start opening a small position and add if the support is holding up. SL triggers if a big daily candles break it down the support but it has to close way under it. In that case, I would short it.
GBPUSD InsightHello, dear subscribers!
I’m glad to see you all here. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- Bank of Japan Governor Kazuo Ueda stated that the decision on whether to raise interest rates will be discussed and decided at the January 23-24 meeting.
- U.K. CPI rose by 2.5% year-over-year, falling short of expectations. Service inflation hit 4.4%, the lowest level since March 2022. Following this news, gilt yields plunged, easing concerns about fiscal deterioration.
- U.S. December CPI increased by 2.9% year-over-year, aligning with expectations. However, core CPI rose by 3.2%, missing forecasts. Markets seemed to focus on core CPI, with Federal Reserve members noting improvements in inflation trends.
This Week’s Key Economic Events
+ January 16: U.K. November GDP, Germany December CPI, U.S. December Retail Sales
+ January 17: Eurozone December CPI
GBP/USD Chart Analysis
Following a sharp decline, GBP/USD dropped to the 1.21000 level but rebounded strongly after confirming its bottom. However, it faced resistance at the 1.23000 level, giving back some of its gains, suggesting potential for further declines. The downside bias remains, with a possible test of the 1.20000 level. On the other hand, if GBP/USD breaks above the 1.23000 level, it could shift to an upward bias, potentially rising toward the 1.25000 level.