Get started

Trend Lines

EURUSD InsightHello, subscribers! Great to see you all. Please share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points: - The Federal Reserve enters its blackout period. - Canada’s unemployment rate rose to 6.8% in November from 6.5% in the previous month, raising expectations for a 50bp rate cut by the Bank of Canada. - U.S. nonfarm payrolls for November came in at 227,000, surpassing the market forecast of 200,000. The unemployment rate matched expectations at 4.2% but increased from the prior month. - Mary Daly, President of the San Francisco Federal Reserve, stated that the Fed is ready to raise rates again if inflation rises. - The Swiss National Bank sees mixed expectations of a 25bp or 50bp rate cut, while the Reserve Bank of Australia is expected to keep rates on hold. Major Economic Indicators: - December 10: Reserve Bank of Australia rate decision, Germany’s November Consumer Price Index (CPI) - December 11: U.S. November CPI, Bank of Canada rate decision - December 12: European Central Bank rate decision, U.S. November Producer Price Index (PPI) - December 13: UK October GDP EUR/USD Chart Analysis: EUR/USD climbed to the 1.06000 level but faced resistance and has slightly pulled back. Failure to break through the resistance level suggests a high likelihood of retreating to the 1.04500 level. For this week, the short-term outlook is bearish, but we will adjust our strategy based on the interest rate decisions from major economies.
Short
by shawntime_academy
XRP! Strong Up Trend! Ripple CEO will be on ’60 Minutes Today!If you look at the XRPBTC! on Binance, the last high for XRPBTC! was at .000245 (BTC) which is equivalent to $24 at BITCOIN current price. What will happen when XRP hit all-time highs? BLUE -ZONE BREAKOUT!!!!! XRPUSDT! is currently trending up on a strong daily Trend Line, price broken out a Monthly CUP AND HANDLE pattern on November 28th that has been developing for years. Bullish Divergence has developed on the Daily chart indicating the pump is still in progress. In addition, Ripple CEO will be on ’60 Minutes today and XRP will be mention. Unlike DOGE first television debut on SNL, XRP technical analysis is stronger and has more room to grow. Position in: 📊 XRP 🪫Current Resistance 🔋Resistance 1 $2.64 🔵 Buy Now 🪫Stop loss $2.21 🔋Target 1 $2.91 🔋Target 2 $3.85 🔋Target 3 $4.87 🔋Target 4 $6.00 Some people say XRP is going to $14. I say, it is possible. Currently the price and momentum are in an uptrend and once it hits discovery zone called blue-sky zone, the moon will be the limit. Please remember to do your own research (DYOR) and that this information is not financial or investment advice.
Long
by DJ123
EURUSD 8/12/24This week, with Euros to the U.S. dollar, we’ve seen price pull back to the highest area highlighted in last week’s markup. It took out the liquidity high we placed below it while also mitigating some of our longer-term points of liquidity. We’ve now identified several points of liquidity lower down, one being at the base of the last upward move. This move originated from the area we highlighted as a potential zone for bullish price action. Despite the significant upward movement, our higher time frame bias maintains a bearish narrative, indicating that money is still flowing out of this market, pushing prices lower. As shown on the chart with the indicator applied, we are now on the 4-hour timeframe. A "money-out" area has been formed, and we are watching for price action to follow this trend, targeting the liquid lows we have marked. This setup points to a sell opportunity at the start of this market session, with the expectation that price will continue to move bearish throughout the week. Stick to your risk and follow your trading plan.
by PipSurfingSociety