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#FTSE100 Santa clause rally to continue? CAPITALCOM:UK100 index has demonstrated a substantial ascent, exhibiting a remarkable 6.5% increase from its October lows to the conclusion of the calendar year. This surge followed the emergence of a bullish divergence, further fortifying the positive sentiment surrounding the index. Notably, the recent breach of the wedge pattern suggests a potential continuation of this upward trajectory. Anticipating a retest of the 7650 level, I posit that the index is poised to sustain its positive momentum, buoyed by the prevailing bullish forces in the CAPITALCOM:US500 US equities market. This projection is underpinned by the conviction that the ongoing momentum in US equities will exert a continued uplifting effect on the UK100 index, thereby contributing to further gains.
CAPITALCOM:UK100Long
by sajalgoelin
💡 XAUUSD: Break the uptrendBreaching the important 2080 barrier in the first half of the session, however, the buyers could not maintain their buying power, the price fell sharply again and created a railroad candlestick pattern on the daily. Recent price behavior shows the possibility that buyers are exhausted and unable to return inside the up channel, so there may be a downward adjustment in the short term. However, the bearish signal is still not really convincing. Please be careful if you want to sell now.
OANDA:XAUUSDShort
by Stone_Haven
CORRECTION COMING UP IN NIFTY?There is clear divergence seen on nifty daily timeframe, also marked nifty long time resistance in rsi, whenever rsi came to that level it took resistance and came down to retest lower support. Also nifty has formed doji after the uptrend, if a red candle closes below the doji candle on next trading session we can expect a small correction. All the analysis is purely based on the historical data available and do not jump to trade without confirmation, trade only after confirmation of trend as market can always trap.
NSE:NIFTYShort
by PinakaTraders
Gold continues to fall as expected, waiting for a recovery pointWorld gold prices reversed slightly this morning, with spot gold down 12.7 USD to 2,065 USD/ounce. Gold futures were listed at 2,075.8 USD/ounce, down 12.2 USD compared to yesterday morning. World gold prices decreased slightly after hitting a 3-week high when pressured by the recovery of the USD and rising bond yields. The US Dollar Index rose 0.2% after falling to a five-month low. Benchmark 10-year bond yields rebounded and exited their lowest level since July, denting the appeal of bullion. This expert predicts gold prices will be higher in the next 12 months thanks to weaker economic data and cooling inflation in the US forcing the Fed to cut interest rates. Currently, according to the CME FedWatch tool, investors are betting on an 88% chance that the Fed will cut interest rates as early as March.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold's Robust PerformanceForecast and Analysis of Gold Prices Today: During the Christmas holiday season, the gold price ("XAU/USD") is expected to maintain its upward trend, supported by the latest analysis. The overall bullish trend remains strong, with stability above the psychological resistance level of $2,000 per ounce and ongoing support from the weakening US dollar. From a technical standpoint, key resistance levels for gold are currently $2,055, $2,070, and $2,085. These levels have already pushed technical indicators into overbought territory, indicating the possibility of profit-taking sales at any time. In summary, the gold market shows resilience, driven by a strong bullish trend and continued weakness in the US dollar. While profit-taking may be on the horizon based on technical indicators, the overall outlook for gold remains positive.
FOREXCOM:XAUUSD
by Larissa-Trader
GBPJPY BEARISH SENARIOGBPJPY is on a very crucial situation as o n high time frame supports to us there is a bearish order flow after few months to come. According to my view on GBPJPY the pair is likely to drop because the double rejection on the resistance trend line level is clear since price moves in waves to hunt for liquidity or unmitigated areas left by the MARKET MAKERS for rebalance an momentum refine and price reversals to its own direction. PLEASE COMMENT FOR ANY VIEW.
Short
by UnknownUnicorn35651725
1
Ethereum's Dilemma: Surge to $2,500 or Face Decline?Ethereum traders are at a pivotal point as $2,300 proves to be a crucial battleground. Sustaining upward momentum here could lead to a significant rally towards the coveted $2,500 resistance, instilling renewed market confidence. Conversely, bears aim to breach the $2,200 support, potentially triggering a notable downturn with $2,000 as a possible target. The increasing availability of Ethereum on exchanges adds complexity, highlighting the delicate balance between market sentiment and technical factors shaping Ethereum's future path.
BITSTAMP:ETHUSD
by AdmamTrade
#BTC Will history repeat itself? - Hunting for ARCSThe Bitcoin chart showcased illustrates the characteristic parabolic arcs that in the past heralded significant market turning points. These arcs depict periods during which the price of Bitcoin rose sharply, only to experience equally vigorous corrections. Such patterns raise the question - will the current price movement of Bitcoin conclude with a similar parabolic arc? This visualization aims to direct investors' attention to these potentially key formations, which could act as signposts for predicting future price movements. Recognizing these arcs becomes a "hunt," where traders endeavor to discern potential warning signals before market history repeats itself. WARNING: Prices in financial markets are subject to change and may be volatile. Predictions are based on historical data and may not accurately reflect current market conditions.
BITSTAMP:BTCUSDShort
by maqone
3
Elliott Wave Analysis: BTC/USD Festive Season ForecastIntroduction: As we approach the weekend and the joyous Christmas season, a festive atmosphere engulfs the cryptocurrency market, especially the BTC/USD pair. Building on our previous analysis, an Elliott Wave Impulse is expected to guide the market's course during this celebratory period. Elliott Wave Impulse Structure: The Elliott Wave theory suggests that market trends unfold in a five-wave impulse pattern, representing the natural rhythm of investor sentiment. In our BTC/USD analysis, we anticipate a compelling five-wave sequence, with each wave playing a distinctive role in shaping the market's direction. First Wave: The initial wave sets the stage for the festive season, with a strategic entry point identified at $43,910. This wave marks the beginning of the upward momentum, propelled by positive market sentiment and holiday optimism. Second Wave: Following the initial surge, a corrective wave is anticipated, providing an opportunity for adjustments and strategic positioning. The market may experience a brief pullback, presenting an ideal entry point for astute traders. The first take profit target is projected at $44,840 during this phase. Third, Fourth, and Fifth Waves: The subsequent waves will unfold dynamically, each contributing to the festive fervor. The third wave is expected to extend the rally, surpassing previous highs and reinforcing the bullish sentiment. As we progress through the season, the fourth wave may introduce a temporary correction, offering a second opportunity for entry. The grand finale comes with the fifth wave, reaching new heights and culminating in the festive celebration. This wave is expected to carry the market to a peak, creating a jubilant atmosphere for traders and investors alike. Conclusion: In conclusion, the Elliott Wave analysis for the BTC/USD pair sets the stage for a festive celebration in the market. As the waves unfold, from the initial surge to the grand finale, traders are urged to stay attuned to the rhythm and dynamics of each wave for optimal decision-making during the weekend and the Christmas season. May the joy of the festive season extend to the cryptocurrency market, bringing prosperity and positive vibes to BTC/USD traders. Happy trading and Merry Christmas!
COINBASE:BTCUSDLong
by wikitrades
2
Bitcoin Temporary SWING but also Long Term LONGThis Long on Bitcoin is very much LONG TERM due to the fact that the halving and so many of our indicators and others are pointing towards it. However, this Long in our opinion does have a temporary swing to it. We may be suspecting a temporary increase to ~48-50k in the upcoming 2 - 3 weeks BEFORE a Correction back to the 44.5-45k mark by February. After this mark around early to mid February we are projecting parabolic movement on the trajectory of our BTC Halving Indicator of 198.4k by June 29th, 2025. If this is indeed to happen, the slope/trajectory the price will need to take to reach its predicted High by its predicted Date will be exponentially parabolic. We understand that many other Halving's analysis is anticipating April to be the Halving. If this is indeed true; this doesn't forgo our Trajectory; if anything it simply may make it more Parabolic in Nature. So stay tuned; the volume within the Crypto Market itself, along with BTC may become parabolic and exponential in the upcoming months. Now may still be a great time to enter if our prediction of 198.4k by June 29th, 2025 is correct. Likewise by this slope of movement, if correct, we will see a new BTC ATH by Early May 2024.
Long
by YinYangAlgorithms