Market Insights with Gary Thomson: 13 - 17 JanuaryMarket Insights with Gary Thomson: UK & US Inflation, UK GDP Growth, Corporate Earnings Statements
We’re excited to launch our new forward-looking ‘Market Insights’ series! Hosted by FXOpen’s UK COO, Gary Thomson, this series provides a fresh perspective on global markets, highlighting upcoming economic data, geopolitical events, and central bank announcements.
In this episode:
- How could the US inflation rate influence the US dollar?
- What might UK GDP growth and inflation data mean for the struggling British pound?
- Which corporate earnings reports could drive the US stock market this week?
Don’t miss out—gain insights to stay ahead in your trading journey.
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
#weeklyanalysis
XAU/USD 13-17 January 2025 Weekly AnalysisWeekly Analysis:
Swing Structure -> Bullish.
Internal Structure -> Bullish.
Analysis/Bias remains the same as analysis dated 01 December 2024.
Price Action Analysis:
In my analysis dated 27 October 2024, it was noted that the first sign of a pullback would be a bearish Change of Character (CHoCH), indicated by a blue dotted line. Price's consistent upward momentum had positioned this CHoCH much closer to recent price levels as expected for weeks.
Now, for the first time since 23 November 2020, price has printed a bearish CHoCH. We are currently trading within a defined internal range.
Price is anticipated to trade down towards either the discount of the internal 50% Equilibrium (EQ), highlighted in blue, or the Weekly demand zone before targeting the weak internal high.
Note:
It is highly unlikely price will "crash" as many analysts are predicting. My view is this is merely a corrective wave of the primary trend.
Given the Federal Reserve's dovish policy stance alongside heightened geopolitical risks, market volatility is likely to remain elevated, influencing intraday price swings.
Weekly Chart:
Daily Analysis:
-> Swing -> Bullish.
-> Internal -> Bullish.
Analysis/Bias remains the same as analysis dated 01 December 2024
Price Action Analysis:
Price has shown a reaction from discount of internal 50% EQ. Currently price has been unable to target the weak internal high
Given the current internal range dynamics, price is expected to target weak internal high, priced at 2,790.170 However, considering the signs of a pullback phase on the Weekly timeframe, there remains a possibility of price printing a bearish Internal Break of Structure (iBOS). Price has yet to tap into Daily demand.
Note:
With the Fed maintaining a dovish policy stance and the continued rise in geopolitical tensions, we should anticipate elevated market volatility, which may impact both intraday and longer-term price action.
Daily Chart:
H4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Analysis/Intraday expectation remains the same as analysis dated 16 December 2024.
Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase.
Price Action Analysis:
Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity,
for two possible reasons.
1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high.
2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855.
Intraday Expectation:
Intraday expectation and alternative scenario as per points 1 and 2.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
AVAX/USDT Weekly Symmetrical Triangle FormationThe chart illustrates a classic symmetrical triangle pattern on the weekly timeframe, suggesting a period of consolidation before a potential breakout. The price is holding above the 50-week moving average (MA50), reinforcing the bullish outlook.
Key Observations
The symmetrical triangle indicates indecision in the market, with buyers and sellers converging.
Holding above the MA50 signals strong support and a likelihood of upward momentum.
A confirmed breakout above the upper trendline will validate the bullish scenario and trigger significant upward movement.
Targets Upon Breakout
$61 - $149
Strategic Implications
Patience is key. Monitor for a breakout with strong volume confirmation above the triangle's resistance. Failure to break out may result in continued consolidation within the pattern. This setup offers significant potential for medium to long-term gains if the breakout materializes.
NZDUSD - Weekly Forecast - Technical Analysis & Trading Ideas!💡 Midterm forecast (Daily Time-frame):
The price is in a Down Trend, but Beginning of Up Trend is forecasted!
0.5799 is Major Resistance.
Take Profits:
0.57500
0.57992
0.58630
0.59164
0.60369
0.61187
0.62591
0.63680
0.65327
0.67156
0.70330
0.72150
0.74650
💡 Short-term forecast (H4 Time-frame):
Bullish Divergence
Correction wave toward the Buy Zone
Another Upward Impulse wave toward Higher TPs
SL: Below 0.5587
__________________________________________________________________
❤️ If you find this helpful and want more FREE forecasts in TradingView,
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 BOOST button,
. . . . . . . . . . . Drop some feedback below in the comment!
🙏 Your Support is appreciated!
Let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
PLATINUM Weekly Forecast: Bearish! Look for SHORTS!Keep an eye on this one, as it makes its way down to 911.7.
I'm looking for the highlighted lows to be swept this week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
US DOLLAR Weekly Forex Forecast: Look For BUYS This Week!USD INDEX is bullish for the short term... but bearish in the longer term. This week will have
opportunities for short term long positions. Just be mindful not to swing for home runs! The larger pullback seems to have started, so the bears are coming!
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
FORECAST UPDATES! Silver / Platinum / Copper /Crude OilTuesday Nov. 19
Price has tipped its hand, and traded through the -FVGs on all of the metals. The bullish rallies
give us a bias to base our buy setups on!
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
SasanSeifi| Will the $185 Resistance Break? Hey there, ✌In the weekly timeframe, as shown in the chart BINANCE:SOLUSDT , the price, after a prolonged consolidation phase, surged from the $30 price range with a notable upward trend, reaching as high as $200. This significant bullish movement stalled upon encountering the $200 supply zone, leading to a correction and a phase of price fluctuation.
Currently, after testing the bearish order block level twice and failing to break through, the price is once again approaching this critical area. If we witness a breakout above the $185 level with weekly candle closures above it, the price could continue its upward momentum, potentially reaching higher levels such as $218 to $240. In this scenario, monitoring price reactions to these key levels can provide a better understanding of future price movements.
On the other hand, if the price fails to break through the $185 level, and we receive a SELL confirmation in lower timeframes, there is a possibility of a pullback towards lower ranges like $140 to $120, which could be accompanied by further corrections.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
LOKA USDT Daily TF LOAK USDT Trade Idea.
Historical Trends:
The price has seen substantial volatility since early 2024, with a major peak above $0.350 in mid-year followed by a prolonged bearish phase.
The price has consolidated near the $0.165 to $0.176 support zone (M-W-Sup: likely Monthly or Weekly Support).
Support & Resistance Zones
Support:
Major support appears around the $0.165 to $0.176 zone, which is being retested. This level is holding well and represents a potential accumulation zone.
Resistance:
Immediate resistance lies around $0.250, with a potential move towards the $0.340 zone, as indicated by the blue projection.
Projected Path (Bullish Scenario)
The projection suggests a breakout from the consolidation around $0.201. The price could move upwards in a zigzag pattern, with the next major target being around $0.340. This implies bullish momentum for the upcoming months.
RSI Double Bottom
Upon closer inspection of the RSI:
The RSI made a low around 32.00 in early September, indicating oversold conditions.
It then bounced and made another low, slightly higher, around 47.01, forming the double bottom pattern.
This formation is often a precursor to a bullish trend reversal. As the RSI moves upward, it could signal stronger buying momentum in the near future.
The double bottom RSI pattern confirms the likelihood of upward price movement, which aligns with the chart's bullish projection.
Overall Confirmation
Price Action: The bounce from the M-W support zone around $0.165 is holding, and combined with the RSI double bottom, this strengthens the probability of a bullish breakout.
Key Levels to Watch:
If the RSI continues to climb and breaks above 60, this would further confirm a stronger bullish trend.
The projected price levels of $0.250 and $0.340 remain valid targets based on this setup.
SasanSeifi| Will It Rebound or Drop Further?Hey there, ✌In the weekly timeframe, as you can see, Atom's price has been in a downtrend from the $8.50 range and has now corrected to the crucial weekly support level at $4. Currently, the price is trading around $4.
In the long-term timeframe, maintaining the $4 level is crucial. The price has reacted to this important support, and if it consolidates here with confirmation on lower timeframes, we could expect a potential rebound with positive fluctuations toward the $5 and $6.50 levels.
If positive momentum develops, we should watch how the price reacts to the $6.50 level. To continue the bullish trend and reach the target supply zone of $7 to $8, breaking the $6.50 level is necessary.
On the other hand, if the $4 level breaks and the price stabilizes below it, the likelihood of further correction increases, with potential downside targets of $3.20 to $2.30.
🔶The chart is in logarithmic scale.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
SasanSeifi|Will It Break Resistance or Test Lower Supports?Hey there, ✌ On the weekly timeframe, BINANCE:LTCUSDT price movement, after ranging around $84, faced a downward trend and corrected to the $50 level. Currently, the price is trading in a range around $63 with limited fluctuations.
In the long-term weekly timeframe, key support levels for Litecoin are at $50 and $42. To continue the upward trend, it’s essential for the price to break the critical resistance at $85 and hold above it. If this resistance is broken, the likelihood of further price growth increases.
For a clearer understanding of the price movement, it’s crucial to closely monitor Litecoin’s reaction to the $70 to $85 range. If the price fails to sustain above these levels, we may see a correction and a potential return to the major support zones.
🔶The chart is in logarithmic scale.
This analysis reflects my personal view and is not financial advice. If you found this helpful, feel free to like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Bullish Cup and Handle Pattern with Strong Momentum IndicatorsThis technical study relies on weekly timeframe observations, highlighting key technical patterns and volume dynamics that suggest a bullish outlook. As of today’s date (9:26pmAST), the 24-hour long volume stands at $28.59B, underscoring significant long interest in the market. With precise data from the weekly chart, the confluence of multiple bullish indicators suggests the potential for a retest or breakout beyond the all-time high.
Analysis:
Cup and Handle Formation : The first significant observation is the development of a classic Cup and Handle pattern, widely regarded as a bullish continuation pattern. This pattern, forming over a prolonged period, indicates a consolidation phase followed by potential upward momentum. The handle represents a minor retracement, which often precedes a breakout to the upside.
Parallel Channel and Key Levels : Starting from the previous peak at 73,777, a parallel channel has been drawn down to the recent bottom at 52,550. This channel defines the current price action, showing a well-respected range within which the price has oscillated. The recent price action has been bouncing within the lower bounds of this channel, signaling that the market may be gearing up for a decisive move. The current trajectory suggests that if momentum continues, we could see a breakout of this channel, potentially pushing the price back toward the all-time high.
EMA Support and Price Action : Another critical factor is the price's bounce off the 50-day Exponential Moving Average (EMA), which serves as a key support level. Historically, the 50-day EMA is a strong indicator of trend direction, and the recent bounce suggests renewed buying pressure. This move reinforces the bullish outlook and could indicate a sustained push toward breaking or retesting the all-time high.
With the formation of the Cup and Handle pattern, the support from the 50-day EMA, and the market respecting the parallel channel, all signals point to a potential bullish breakout. The current long volume of $28.59B adds further confirmation of buying interest, aligning with the technical patterns that favor upside potential.
simple fib zoneduring fed rate hike cycle due strong dollar eurusd was collapsing
since fed rate cut pricing begin after their last 75bps rate hike in 2022
eurusd has retrace 61% from top to bottom , price testing this area again
1.12746 will be a strong resistance level
if price don't breaks this area than double top possibility increase
this week will be first time we see real market reaction to fed jackson hole speech
last year priced failed from 61% fib level when it hit that area first time
August 18th Weekly Watchlist LevelsI go over my weekly levels. Overall I think we have a lot of potential this week to keep moving up before elections. We also have a lot of possible gap fills on QQQ and SPY. Thanks for watching my videos and learning with me if you are new to watching my videos. I appreciate all of the love I got from my last video. Leave a comment with how long you have been trading for in the comments if you are new to my profile :) Lets make some good money this week everyone!!!
AUDUSD Preweek Potential Weekly Bias/Set-upsLast week on AUDUSD we saw a bounce back from a huge bearish drop to begin the week. We saw a huge drop Monday and the trading pair bounced back bullish for the week. We had a final push bullish on Thursday to another higher level around .66000 and from there to the end of the week a small pullback to .65750 as seen on the 1 Hour.
We are seeing a short uptrend beginning and will continue to follow the market structure with higher highs and lower lows. The previous low is where the BOS line is placed on the analysis. A break below the BOS line will alert us to a potential trend reversal. Anything above that pint still follows the uptrend.
Ace Trading Academy will keep you updated on future moves.
This analysis is only to generate trade ideas. Do proper research upon trading and before executing your trades.
Subscribe to my website for more updates and for valuable content coming out!
The URL is found in my profile.
WEEKLY FOREX FORECAST AUG 12-16th: USD INDICES GOLD SILVER OILThis is Part 1 of the Weekly Forex Forecast AUG 12-16th.
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US & UK OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
WEEKLY FOREX FORECAST July 15-19th: EUR GBP AUD NZD CAD CHFThis is Part 2 of the Weekly Forex Forecast for July 8-12th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Stock Pricing Above Fundamentals Ahead of EarningsWeekly Chart: NYSE:ANET reports today after the close.
The stock has a short-term topping formation that is nearly completed. The prior runs went speculative but then corrected. The top is similar to the previous peak and the depth of correction is likely to be similar.
The stock has simply moved beyond fundamental levels. This is NOT likely to turn into a long-term top unless there is something substantially wrong with the company and its products. To become an intermediate-term top, it must have lower highs and lower lows. That is not in the chart at this time.
Ideally, the stock needs to shift sideways to build a much stronger support level to sustain a longer-term uptrend. HFTs are in the mix and may gap the stock on earnings news.
WEEKLY FOREX FORECAST July 22-26th: OIL INDICES GOLD SILVERThis is Part 1 of the Weekly Forex Forecast JuLY 22 - 26th
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US OIL UK OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.