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EURO - Price can break resistance level and continue to riseHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price traded inside flat, where it declined to resistance area and then rose to top part of flat. Also, when price rose to top part of flat, EUR made a first gap and then made downward impulse. Price exited from flat and continued to decline inside falling channel, where it broke $1.0760 level and continued to fall. Later price reached $1.0520 level, some time traded near, and then declined to $1.0335 points, exiting of falling channel. Euro started to grow inside rising channel, where it made a second gap and some time traded between $1.0520 level. Now price trying to break $1.0520 level, and I think it can break it and continue to grow to $1.0720 in channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
11
EURO - Price can bounce up from support line of pennantHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price bounced from $1.0810 level and rose to $1.0935 points, making a first gap. After this, price turned around and started to decline inside pennant, where it first broke $1.0810 level. Then price tried to grow, but failed and soon fell to $1.0515 level, which later broke too and fell to $1.0330 points. But then, Euro turned around and bounced up, making a second gap, and started to trades inside resistance area. Also, the price rose to resistance line of the pennant, but recently it fell back and now EUR continues to trades near support line. I think that price can bounce up from support line to $1.0680, breaking resistance level, and leaving pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
Zeta ($ZETAusdt): Daily Chart Analysis for Strategic EntryI spend time researching and finding the best entries and setups, so make sure to boost and follow for more. Zeta ( KUCOIN:ZETAUSDT ): Daily Chart Analysis for Strategic Entry Trade Setup: - Entry Price: $0.7003 - Stop-Loss: $0.5102 - Take-Profit Targets: - TP1: $1.0624 - TP2: $1.7275 Fundamental Analysis: Zeta ( KUCOIN:ZETAUSDT ) is an emerging cryptocurrency focusing on decentralized interoperability across blockchain networks. Its ability to facilitate seamless asset transfers and support cross-chain smart contracts makes it a unique player in the market. Recent upgrades to its protocol, including enhanced transaction speeds and reduced fees, have increased its adoption in DeFi ecosystems. Technical Analysis (Daily Chart): - Current Price: $0.7150 - Moving Averages: - 50-Day SMA: $0.6500 - 200-Day SMA: $0.5800 - Relative Strength Index (RSI): Currently at 58, showing bullish momentum but still within a neutral zone. - Support and Resistance Levels: - Support: $0.6000 - Resistance: $0.8500 The daily chart shows a clear ascending trendline, with KUCOIN:ZETAUSDT recently breaking above a key resistance level at $0.6900. A sustained hold above $0.7000 could confirm a breakout toward TP1 at $1.0624, with TP2 at $1.7275 as a long-term target. Market Sentiment: ZETA has seen growing interest following announcements of strategic partnerships with major DeFi platforms. Increased trading volume indicates strong investor confidence, particularly among institutional players exploring cross-chain solutions. Risk Management: Setting a stop-loss at $0.5102 limits potential downside risk, ensuring a manageable loss if the trade moves against expectations. The take-profit targets offer an excellent risk-to-reward ratio for traders looking to capitalize on ZETA's upward momentum. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
Long
by SiriusTrading
3
DXY Best level for a long-term short.The U.S. Dollar index (DXY) has been trading within a 1.5 year Channel Up pattern (since July 14 2023) and just 2 weeks ago it formed a Golden Cross on the 1D time-frame. Having hit the pattern's top a week earlier, the current rebound seems to technically be part of the Lower Highs/ Lower Lows top formation, similar to October 03 - November 01 2023 peak. That was 1 year again, a peak formation that was also formed after a 1D Golden Cross. This indicates that the long-term pattern (Channel Up) is highly symmetrical and as the 1W RSI is also declining after a rejection on the 70.00 overbought barrier, we consider the current level the best possible short entry. The Bearish Leg that followed the 2023 High extended as low as the 0.786 Fibonacci level. As a result, we expect to see at least 102.000 (just above the 0.786 Fib) before any signs of a rebound. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
1
Bearish drop?The Loonie (USD/CAD) is reacting off the pivot and could drop from this level to the 61.8% Fibonacci support. Pivot: 1.4244 1st Support: 1.4177 1st Resistance: 1.4288 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Could the price bounce from here?The Gold (XAU/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the overlap resistance. Pivot: 2,657.81 1st Support: 2,627.26 1st Resistance: 2,713.51 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
2
USDCHF - Looking for a weaker franc?!The USDCHF currency pair is above EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. If the upward movement continues, we can see the midline of the channel and the supply zone and sell within that zone with the appropriate risk reward. A downward correction towards the demand zones will provide us with the next buying positions for this currency pair. 1. U.S. Budget Deficit: The U.S. Treasury Department reported that the federal budget deficit for November reached $367 billion, reflecting a 17% increase compared to the previous year. This rise is primarily attributed to calendar adjustments in benefit payments, which led to approximately $80 billion in additional government spending compared to November 2023. 2. BNP Paribas on Trump’s Tariff Policies: BNP Paribas believes market analysts have underestimated the implications of Trump’s tariff policies and need to take them more seriously. The bank predicts that Trump will implement a significant portion of his tariff threats, even if not entirely. BNP Paribas anticipates these policies will cause a permanent shock to consumer prices in the U.S. while having a temporary effect on inflation. Additionally, the bank expects the Federal Reserve’s target interest rate to remain at 4.5% in 2025, with the U.S. dollar likely to strengthen further, particularly against the Chinese yuan, Mexican peso, and Canadian dollar. 3. Swiss National Bank Cuts Interest Rates: On Thursday, the Swiss National Bank (SNB) unexpectedly cut its interest rate by 50 basis points, marking the largest rate reduction in a decade. This move was aimed at staying ahead of potential rate cuts by other central banks and curbing the rising value of the Swiss franc.Most economists had predicted a smaller rate cut of 25 basis points. This reduction represents the most significant decrease in borrowing costs since the SNB’s emergency rate cut in January 2015. With inflationary pressures subsiding, the SNB opted for further monetary easing. Inflation in Switzerland fell to 0.7% in November and has remained within the bank’s target range of 0–2% since May 2023. The 0.5% rate cut aims to further stimulate the economy and boost labor market activity. 4. Remarks by SNB President: Thomas Schlegel, president of the Swiss National Bank, stated that the bank considers all aspects of the franc’s value, not just its exchange rate against the euro. While acknowledging the effectiveness of negative interest rates, Schlegel emphasized that the SNB does not favor them but would resort to such measures again if necessary, as they have helped reduce the franc’s attractiveness. 5. Managing the Swiss Franc’s Value: The Swiss franc, known as a global safe-haven currency, often appreciates during periods of market volatility, prompting the SNB to invest significant effort in managing its value. However, UBS has noted that this issue is no longer a major concern: “While the franc has strengthened against the euro, it has weakened against the U.S. dollar, maintaining a relatively stable trade-weighted exchange rate.”
Long
by Ali_PSND
Sell EUR/USD Channel BrekoutThe EUR/USD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0482 2nd Support – 1.0445 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
32
Bearish drop?USD/ZAR is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support. Pivot: 17.9006 1st Support: 17.7160 1st Resistance: 18.0045 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Could the price bounce from here?XAU/USD is falling towards the support level which is a pullback support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 2,665.32 Why we like it: There is a pullback support level that is slightly above the 61.89% Fibonacci retracement. Stop loss: 2,620.34 Why we like it: There is a pullback support level. Take profit: 2,716.62 Why we like it:| There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDLong
by VantageMarkets
1
Falling towards 61.8% Fibonacci support?XAG/USD is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 30.68 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 29.82 Why we like it: There is a pullback support level. Take profit: 32.02 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAGUSDLong
by VantageMarkets
USDCAD: Excellent short term buy opportunity.USDCAD is heavily bullish on its 1D technical outlook (RSI = 67.681, MACD = 0.007, ADX = 22.105) as it trades inside a Channel Up, supported by the 4H MA50. The 4H MACD is forming a Bullish Cross and in the past 2 months this has been a strong bullish signal. In line with the previous bullish waves, we are aiming for a +2.60% rise from the bottom (TP = 1.42850). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USDJPY 1st 1D Golden Cross since June 2023! Bullish!The USDJPY pair has been trading within a long-term Channel Up since the October 21 2022 High. Today it formed its 1st Bullish Cross on the 1D time-frame in 1.5 year (since June 202 2023) and technically it is a very bullish development. It is not just the standard bullish dynamics of this formation but also that last time we had a Golden Cross, the price bottomed upon the completion of a 1D MACD Bullish Cross, which we also got today and rallied to hit the Resistance 1 level. As a result, this is a strong buy signal and our Target is just below Resistance 1 at 160.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
XAUUSD - 4hr Bum n Run updateLong story short... The market is currently playing inside the zone 2625-2655. (30pip range) Gold should maintain above 2615. a Close below this level counld invalidate the Bump and run pattern and continue with more bearish pressure. Its NFP week and you know the USD has been gaining strength. Wait for the breakout above 2655 before entering another Buy. We need strong bullish candles with high volume to make this setup a low-risk trade. The targets are still the same: Targets: 1 - 2685 (quarter 3 high) 2 - 2710 (target 1) 3 - 2750 (target 2) 4 - ATH
SAXO:XAUUSDLong
by nikdobii
2