GBPUSD InsightHello, dear subscribers!
I'm glad to have you all here. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- CNN reported that President-elect Donald Trump is considering declaring an economic emergency under the International Economic Emergency Powers Act to justify imposing universal tariffs and introducing a new tariff program.
- According to the U.S. ADP National Employment Report, private employment increased by 122,000 in December, falling short of both the previous month’s figure and market expectations.
- Christopher Waller, a Federal Reserve Governor, stated that despite President Trump's tariff threats, inflation is expected to continue declining. He also expressed support for a rate cut this year.
- The FOMC meeting minutes revealed divided opinions among Fed officials regarding the inflationary and economic impacts of Trump’s policies, highlighting ongoing uncertainty in Fed monetary policy.
- Attention is being drawn to the surge in UK gilt yields, which could increase the likelihood of an expanding fiscal deficit.
Key Economic Events This Week
+ January 10: U.S. Nonfarm Payrolls for December and Unemployment Rate
GBP/USD Chart Analysis
As previously expected, the price broke below the 1.25000 level and declined further to the 1.23000 level. The upward trend has been completely invalidated, and in the medium to long term, a bearish trend appears dominant. However, if the 1.23000 level holds, a short-term rise toward the 1.25000 level could be anticipated. On the other hand, if the price breaks below the 1.23000 level, a decline toward the 1.21000 level is expected.
Trend Lines
Price rejection at key area of support.The daily candle has closed bouncing of a strong zone of support at ~.945249 which is also an area that is respecting my trendline. There is no official buy signal as of yet to play it safe - the official buy signal is once price reaches past the area of resistance ~1.007413 AND fully engulfs the daily candle that closed today. Large selloff on all cryptos today so potentially some buying pressure will return to the market tomorrow.
Park your Funds in HealthCare!
The 2024 performance of health care stocks lagged behind due to investor preference for higher-growth technology sectors. This underperformance has created more favorable valuations, setting the stage for a potentially stronger outlook in 2025. Key drivers for the health care sector include:
1. Innovation
Advances in biotechnology are producing cutting-edge treatments, particularly in specialty drugs.
Leading companies, such as Alnylam Pharmaceuticals and argenx SE, are developing innovative therapies for rare diseases and autoimmune disorders.
Specialty drugs, which account for over half of pharmaceutical sales, are experiencing significant growth.
2. Policy Environment
A possible shift in the U.S. administration could reduce regulatory uncertainty.
Managed-care providers may benefit from Medicare Advantage policy adjustments, fostering a more stable operating environment.
3. Attractive Valuations
After 2024's underperformance, the sector offers lower valuation entry points.
Long-term demographic trends, such as the aging population in the U.S., are expected to sustain growth and demand in health care services and innovations.
Conclusion:
While near-term challenges persist, the combination of groundbreaking innovations, potential policy shifts, and compelling valuations positions the health care sector as an attractive opportunity for investors in 2025 and beyond.
GBPCHF Ready for a breakthroughHello Traders
In This Chart GBPCHF HOURLY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF 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
GBPUSD is in the Selling Direction after breaking SupportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD 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
BounceBit Gearing for a 5x – Are You Ready?Price action on the weekly and daily charts has been incredibly clean, with steady accumulation since the last tap at 30c, signaling the trend is holding strong.
Don’t fade this one—it's been consolidating in a similar pattern to CRYPTOCAP:AAVE before its breakout above $160, but this time in a much smaller range. The stage is set for a potential surge.
Bought some here and will continue to buy if it retraces (not counting on it).
BINANCE:BBUSDT
BTC.D Breakdown + ALTs Volume Profile | Key Market RotationCrypto Ex-Top10 Dominance: Bull Breakout Setup | Alt Season Indicator |
MY VIEW FOR NEXT 2-3 WEEKS
Current: 10.37% (-0.79%)
Vol: 375.29B
Pattern Setup:
- Double bottom at 10.3%
- Strong support trend holding
- Descending resistance line test
- Projected breakout to 13%
Levels:
- Strong resistance: 12%
- Current resistance: 11%
- Critical support: 10.3%
- Trend support: 9.5%
Trade Plan:
- Targets: T1: 11.5%, T2: 12%, T3: 13%
- Stop: Below 10.2%
- R:R = 1:3
Market Impact:
- Rising dominance suggests alt rotation
- Mid/low caps potential breakout
- Watch ETF impact on rotation
DYOR - Not financial advice. High volatility expected with ETF news.
Gold Navigating Between Dollar Strength and Geopolitical UncertaGold has advanced in recent sessions, reaching $2,660 per ounce, despite the strong headwinds posed by a robust U.S. dollar and the rise in Treasury yields.
Although gold experienced a temporary rebound of over 1% yesterday, pressure from the strength of the dollar and the increase in Treasury bond yields limited its ability to sustain gains. This behavior highlighted the traditional inverse correlation between gold and the dollar, as a strong dollar tends to make gold more expensive for investors holding other currencies.
Recent U.S. economic data adds another layer of complexity. The increase in job openings, reflected in the JOLTS report which exceeded expectations with 8.1 million vacancies, and the acceleration in the services sector activity according to the ISM, with an index of 54.1%, demonstrate the strength of the U.S. economy. However, the surge in services sector prices, with an index of 64.4%, the highest since January, raises concerns about persistent inflation. The resilience of the U.S. labor market, while positive for the economy overall, introduces uncertainty for gold, as it reduces the likelihood of aggressive interest rate cuts by the Federal Reserve.
This outlook is reinforced by the shift in Fed rate cut expectations, now postponed until nearly the second half of 2025. A higher interest rate environment traditionally puts pressure on gold, as gold does not yield returns. The delay in rate cuts by the Fed directly impacts gold's appeal as a safe-haven asset.
Despite these adverse factors, gold has found some support in geopolitical uncertainty, particularly concerning potential tariff policies. Statements regarding tariffs on Canada, Mexico, China, and even BRICS countries have added a risk component to the global economic outlook. In times of political and economic uncertainty, gold re-emerges as a safe-haven asset. Additionally, the ongoing gold accumulation by the Chinese Central Bank for the second consecutive month strengthens the physical demand for the metal, providing additional price support.
Market participants are eagerly awaiting the release of new U.S. employment data, including the crucial non-farm payroll report, as well as the FOMC minutes, in search of clearer signals about the future direction of monetary policy. In this context, gold finds itself at a crossroads, navigating between dollar strength, inflationary pressures, Fed policy expectations, and growing geopolitical uncertainty. This complex interaction of factors will continue to shape the precious metal’s trajectory in the near future.
ACHR LongWeekly, trendline break
Long 5
Stop 4
Target 7, 10
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
For non-Pro option traders, better buy ITM options and keep 90+ days.
I will try some samples to test my chart reading and OP strategy:
"Buy in the money (ITM) calls in daily uptrend, and keep 400 days. "
CAN price 1.6 11/19/2024
BuyToOpen Jan2026 Call C1 Limit 1.0 ( Delta 0.87 , 422 days )
ITM C1 has 0.6 value.
OPK price 1.6 11/20/2024
BuyToOpen Jan2026 Call C1 Limit 0.65 x2 ( Delta 0.85 , 421 days )
ITM C1 has 0.6 value.
POET price 3.9 11/20/2024
BuyToOpen Jan2026 Call C3 Limit 1.05 ( Delta 0.85 , 421 days )
ITM C3 has 0.9 value.
GIGA/USDT: Potential 23% Drop | Channel Breakdown |Setup:
- Short entry: Break below $0.085
- Target: $0.07 (23% downside)
- Stop: Above $0.095
- R:R = 1:2
Pattern: Channel breakdown pending
Key levels:
- Resistance: $0.095
- Support: $0.07-0.072
Watch: Channel break confirmation, volume increase
DYOR - This is not financial advice. Trade safely with proper risk management.
COMRADE APPLIANCES likely a multibaggarstock gave a BO & has good fundamentals
For a successful breakout, we should ideally see a strong 1DAY candle on our chart—it’s crucial to use that timeframe.
Following the breakout, the ideal entry point would be after a consecutive candle that breaks above the breakout candle
As always, remember to do your own research before making any investment decisions!
ADA/USDT: Long-Term Strategy with Support, ResistanceOverview:
This strategy focuses on a safe and long-term approach to trading ADA/USDT. It is based on a blend of traditional technical analysis, including key support and resistance levels, along with custom-defined price levels that I have identified through in-depth market analysis. The goal is to take well-timed long and short positions, aiming for sustainable growth while minimizing risk.
Strategy Breakdown:
1. Support and Resistance Levels:
Key levels are defined where price has historically shown significant reactions. These levels provide the foundation for entries and exits, ensuring that trades are executed at optimal price points with a high probability of success.
2. Custom Price Levels:
In addition to traditional support and resistance, I've integrated personalized levels derived from market structure, historical price behavior, and other proprietary indicators. These levels give more precision to entry and exit points.
3. Risk Management:
Each trade is carefully managed with appropriate stop-loss and take-profit levels to ensure that risk is minimized while maximizing reward. This approach helps manage volatility and protects capital over the long term.
4. Long and Short Positions:
The strategy adapts to both bullish and bearish market conditions. Long positions are taken when price is at or near support levels, signaling potential upward momentum. Short positions are considered at resistance levels or when price shows signs of reversal or weakness.
Time Horizon:
This strategy is intended for traders with a longer-term perspective, aiming for steady growth rather than quick, high-risk trades.
Conclusion:
By combining traditional technical analysis with my custom levels, this strategy offers a well-rounded and disciplined approach to trading ADA/USDT. It’s designed for those who seek a balance between profitability and risk management, while targeting steady returns over time.
BTC.D: Critical Triangle Breakdown | Alt Season Signal?Current: 57.98% |
Pattern: Large descending triangle since November peak
Technical Analysis:
1. Macro Structure
- Multi-month descending trendline resistance
- Double rejection at 60% level
- Key support at 56% zone
- Volume profile decreasing in consolidation
2. Key Levels
- Major resistance: 60%
- Current resistance: 58%
- Critical support: 56%
- Target zone: 52-54%
3. Signals
- Triple rejection at descending line
- Volume decreasing in triangle
- Weak bounces from support
- Bearish RSI divergence forming
Trading Scenario:
- Targets:
T1: 56% (initial support)
T2: 55% (measured move)
T3: 54% (max target)
Market Implications:
- BTC.D drop typically signals alt season
- Monitor top 10 alts for rotation
- ETF approval could affect dominance
DYOR - Not financial advice. High-risk market period with ETF decisions approaching. Size positions accordingly.
SOL | Waiting on ETH for NEW ATHSolana has barely made a new ATH - basically topping out at nearly the exact same place as the previous ATH made in Nov 2021.
As Ii said in yesterdays update on ETH, there is no way BTC makes such a dramatic new ATH and ETH (and Solana) stay behind.
We can expect SOL and ETH to increase when BTC continues to trade range above 95k. This could be another multi-month playout, although ETH usually peaks rapidly at the end of the cycle, which is noteworthy from yesterday's analysis.
___________________
BINANCE:SOLUSDT COINBASE:BTCUSD
USD/JPY: Continuation Pattern in Focus?The USD/JPY pair is currently in a significant uptrend on the daily chart, characterised by a series of rising highs and lows. Following a marked upward movement, the price has entered a consolidation phase, indicating a temporary pause before potentially resuming its directional trajectory. This sideways movement is often interpreted as preparation for a breakout, presenting an intriguing opportunity for attentive investors.
Possible Buy Scenario
Should the price manage to breach the resistance within the current consolidation range, approximately at the 158.00 level, it could signal a resumption of the uptrend in the coming days. A daily close above this resistance would strongly indicate a continuation of the upward momentum, with a target set around the 161.75 region (approximately 350 pips). This target marks the next significant resistance zone on the chart and represents the highest price observed in recent years, largely attributed to the Bank of Japan's decision to maintain very low interest rates, leading to a considerable depreciation of the Yen.
In this scenario, an effective risk management strategy could involve placing a stop loss just below the low of the consolidation range, around 155.80 (approximately 250 pips), to protect against potential false breakouts.
Alternative Sell Scenario
Conversely, if the price fails to break through the resistance and instead falls below the consolidation level at 155.80, this could signal a possible reversal or a deeper correction. Under these circumstances, the USD/JPY might seek lower support, such as the 151.50 region, which aligns with a previous support zone on the chart.
This scenario would indicate a shift in market behaviour, potentially influenced by macroeconomic events or fundamental data that could impact risk appetite.
In summary
Investors should closely monitor macroeconomic developments, including US employment data, speeches from Federal Reserve officials, and geopolitical events, as these can introduce volatility into the pair. Paying attention to price behaviour within the consolidation range will be crucial in determining which of the outlined scenarios is most likely to materialise.
Disclaimer
74.2% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Gold is expected to rise to the 2670-2680 after consolidatiGold has been consolidating intraday, fluctuating primarily within the 2645-2655 range. From the structural perspective, it is evident that although gold has repeatedly faced resistance near 2655 in the short term, there is no significant downside retracement, resembling the previous staircase-like upward movement. This suggests that gold could utilize the consolidation phase to build upward momentum, paving the way for a breakout rally toward the 2670-2680 zone.
Therefore, in the short term, I remain bullish on gold. Key support levels to watch are concentrated in the 2645-2635 range.Bros, are you optimistic about the continued rise of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!