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Fundamental Market Analysis for December 02, 2024 USDJPYThe Japanese yen (JPY) is declining against its U.S. counterpart at the start of a critical week and is pulling back from part of Friday's strong upward move to the highest level since Oct. 21. US Treasury yields are recovering amid US President-elect Donald Trump's reaction to the threat of 100 percent tariffs on BRICS countries. This, in turn, is helping to revitalize demand for the US dollar (USD) and is proving to be a key factor directing flows away from the lower-yielding yen. In addition, the bullish tone in equity markets further undermines demand for the safe-haven yen. Nevertheless, lingering geopolitical tensions and rising forecasts of another interest rate cut by the Bank of Japan (BoJ) in December should limit larger yen losses. Traders are also advised to refrain from aggressive directional bets and wait for important U.S. macroeconomic data this week, starting with the ISM Manufacturing PMI from this Monday. Consumer inflation data from Tokyo, the capital of Japan, released on Friday showed that core inflation is picking up and bolstered the case for another rate hike by the Bank of Japan in December. Also Bank of Japan Governor Kazuo Ueda said on Saturday that the next interest rate hike is near as economic data is on track, although he would like to see what kind of momentum the fiscal 2025 Shunto program will create. Trade recommendation: Trading mainly with Buy orders from the current price level.
Long
by Fresh-Forexcast2004
GOLD NEXT MOVEIt seems like you're analyzing the price movement of XAU/USD (Gold vs US Dollar) and observing that the market has recently broken through a key level of 2627. Based on your analysis, you're suggesting that the target could be around 2537 if the breakdown continues. Here’s a breakdown of your thought process: Market Breakout at 2627: If the market has broken below this level, it could signal a bearish trend or further downward movement. Target at 2537: This could be a calculated target based on technical analysis, such as support levels, Fibonacci retracements, or other forms of market structure. The market may be aiming for 2537 if the bearish momentum continues. However, it's important to watch key support and resistance levels around these points, and consider any potential reversals or market news that could impact the price movement. Would you like further technical analysis or confirmation on this prediction?
FOREXCOM:XAUUSDShort
by Zayn_Muaath
AUDUSD TO 0.653000 TOMORROW??Trading Plan 1. Baseline Scenario : - Macro-Fundamental Bias Dovish. The market expects the Federal Reserve to continue lowering interest rates, with a 66.5% chance of a 25 basis point rate cut in December. This expectation is driven by the Fed's recent decision to lower the federal funds rate to 4.50% - 4.75% and ongoing efforts to support maximum employment and achieve the 2% inflation target. - Short Term Sentiment Bias : Dovish. Current sentiment is driven by the recent decline in the US 10-year Treasury yield to 4.2%, reflecting market expectations of further rate cuts and stability under the new Treasury Secretary, Scott Bessent. Additionally, the PCE inflation data aligning with expectations has reinforced the view that the Fed's current policy stance is appropriate. 2. Risk Event Baseline : - Market Expectations: - ISM Manufacturing PMI: Forecast: 47.7 | Previous: 46.5 - ISM Manufacturing Prices: Forecast: 55.2 | Previous: 54.8 3. Surprise Scenarios : - Negative Surprise: 7If the ISM Manufacturing PMI or ISM Manufacturing Prices data come in below expectations, it could lead to further USD selling pressure. This scenario supports long positions on AUD/USD, as the AUD is likely to strengthen against a weakening USD.
Long
by Midas_Macro
XAU/USD Analysis – 1-Day Time FrameXAU/USD Analysis – 1-Day Time Frame Over the past month, XAU/USD has been bearish. However, we recently saw a reversal, with the price testing a key resistance zone at 2718. Following this, the price retraced sharply to 2608 before starting to climb again. Potential Trade Setups: Short Opportunity at 2675: As the price approaches the 2675 resistance level, watch for a strong rejection signal, such as a prominent wick or a significant red candle. This could indicate a potential short opportunity. Break and Retest for a Buy Opportunity: If the price breaks through 2675 and closes above it, wait for a retest of this level as a new support zone. Once the price confirms this retest (e.g., through a strong doji or bullish candle), it may provide a favorable buy entry. Important Notes: Do not trade this idea blindly. Ensure there is proper confirmation before entering a position. Look for clear candlestick patterns, such as a doji, to validate your entry decision, whether for a long or short trade. I hope this analysis helps in your trading journey. Don’t forget to like and comment for more ideas like this!
ICMARKETS:XAUUSD
by KainT21
#STRK 1D. Risky Trade Setup with High Targets! 11/25/24We’ve broken out of the range with a strong upward impulse—exactly as forecasted. What’s next? Either a minor pullback to support or a continuation upward from current levels. To put it plainly and concisely: the nearest target, which we will 100% reach, is $0.6582. Will we see #STRK hit $1 this cycle? Absolutely, yes. That’s my call, and I’m saying it right now. Lock this in your mind, and in time, we’ll check if my expectations were correct. Could we see #STRK at $0.8767 as early as next month? It’s entirely possible. Key factors supporting this move: we’re closing the week bullish, with solid volumes, and above the upper boundary of the range. Ideal setup, in my view! This is worth a shot, though it’s high-risk. Check the stop. Setup: Entry: $0.5800 - $0.5400 Targets: $0.6513, $0.8759, $1.1000, $1.3597 Stop-Loss: $0.3928 On spot: no stops. DYOR.
Long
by trendbooster
1
BTCUSD Breakout Alert: Head and Shoulders Pattern Targets $108K!Bitcoin is showing a textbook Head and Shoulders breakout, with a potential move above the neckline (dotted line). The projected target for this bullish structure points toward $108,000, marking a significant continuation of the long-term uptrend. Entry Idea: On retest of the neckline or consolidation above the breakout zone. Stop-Loss: Below the right shoulder for risk management. Take-Profit Target: $108K, in line with the projected breakout target. Keep an eye on volume too. Disclaimer: This is not financial advice. Conduct your own analysis and manage risk accordingly. Follow for more.
Long
by cryptechcapital
1
USD/CHF - H4 - Wedge BreakoutThe USD/CHF pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Days. FX:USDCHF Key Points: Sell Entry: Consider entering a short position around the current price of positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.8689 2nd Support – 0.8619 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
17
Saturday Morning Market Prep🌟 Weekend Analysis & Reflection 🌟 As the markets take a breather, it’s the perfect time to reflect on the week’s trades and prepare for the opportunities ahead. Here’s what I’ll be focusing on this weekend: 1️⃣ Reviewing Weekly Trades: What went right? What could have been improved? Are there patterns or setups I can refine for next week? 2️⃣ Analyzing Market Structure: Using the higher timeframes (Daily/4H) to understand key levels of supply and demand that could drive next week’s price action. 3️⃣ Setting Up Watchlists: I’m keeping an eye on pairs like EUR/CHF and EUR/GBP, where clean setups and strong confluences may align early next week. 4️⃣ Adjusting My Strategy: Every week teaches us something new. Whether it's about execution, patience, or risk management—there’s always room to grow. 💡 Your Takeaway: Preparation during the weekend sets the tone for a focused and disciplined trading week. Success in trading is built in the quiet moments, not just during the market’s chaos. 📈 What are you focusing on this weekend? Let me know in the comments!
by Safaric
Paradeep Phosphate : Looking Good with nice rewardThis stock is looking good for attractive risk reward. Here you can enter at current levels also but if want you can wait for entry at 100 lelvel. But it does not look like it will touch 100 support level. If it does then buy with small SL of Rs.5 What can be better trade when SL is Rs. 5 but first target is Rs.20. That is 1:4 RR. That is one good trade looking at past stock behaviour. Entry : Rs. 100 or current levels SL : Rs. 95 Target 1: Rs. 120
NSE:PARADEEPLong
by vkfinserv
TradeCityPro | EURNZD Ideal Short Setup for Next Week👋 Welcome to the TradeCityPro channel! Let’s analyze EURNZD as the forex market wraps up this week and prepare our triggers for next week’s positions! 🌍 Fundamental Overview Euro (EUR): Benefiting from the ECB's cautious tightening policies aimed at inflation control. Mixed economic data, such as weak industrial output, limits bullish momentum. New Zealand Dollar (NZD): Supported by stronger commodity prices and a resilient domestic economy. The RBNZ maintains a balanced policy outlook, strengthening the NZD further. The contrast between the ECB's inflation focus and the NZD's solid fundamentals tilts the bias toward NZD. Global risk sentiment and commodity trends are pivotal in determining price direction. 🕒 4-Hour Timeframe Analysis EURNZD is consolidating within a range between 1.7836 (support) and 1.8063 (resistance). Last week saw minimal movement, but this consolidation suggests the pair is gearing up for a breakout. The price didn’t reach the resistance this time and got rejected earlier. It is now testing the support level. 📉 Short Position Trigger If 1.7836 is broken with strong momentum, it would trigger a short position, targeting lower levels. 📈 Long Position Trigger If the 1.7836 support holds for an extended time, buyers could step in. A break above 1.8063 would confirm a long opportunity, especially if the price forms higher highs and higher lows in lower timeframes. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Short
by tradecitypro
1
Buy EUR/CAD Bullish ChannelThe EUR/CAD pair on the M30 timeframe presents a potential Buying opportunity due to a a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.4795, This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.4874 2nd Support – 1.4912 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
5
Silver 4hr Timeframe Silver has risen by 3.90% in just over a day. I anticipate a reaction around the 30.7399–30.8383 zone due to multiple confluences, including a reversal point, a 4-hour order block, the 0.618 Fibonacci level, an ascending trendline from November 13th, and structural factors. This area presents a potential sell opportunity, with a target drop to the 30.2753 level. Meanwhile, gold is approaching my area of interest, which appears to be another promising sell setup. If both gold and silver align as sell opportunities, it’s a strong indication of market synchronization, increasing the likelihood of this scenario playing out. Dollar Index Basket Is now reacting off my area of interest I expect double tap to then move higher Gold 1hr my area of interest for gold 2669.412 -2673.545
TVC:SILVERShort
by ChartStrategist
1
GBP/USD - H4 Chart - Rising Wedge BreakoutThe GBP/USD pair on the H4 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Rising Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Days. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.2695, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2862 2nd Support – 1.3006 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
15
TradeCityPro | EURCHF Analysis Rejection or Breakout?👋 Welcome to the TradeCityPro channel! Let’s analyze this forex pair in a simple way and set triggers and alerts to prepare for potential trades. 🌍 Fundamental Overview Euro (EUR): Backed by the ECB's cautious stance on inflation, though mixed economic data, like declining industrial output, limits its strength. Swiss Franc (CHF): Strong as a safe-haven currency, bolstered by geopolitical risks. The SNB maintains a hawkish monetary policy to ensure inflation stability. The monetary policy divergence between the ECB's mild tightening and the SNB's hawkish approach adds bearish pressure on EURCHF, favoring CHF during risk-off sentiment. ⏱ 4-Hour Timeframe The chart remains strongly bearish, with prices near historic lows, lacking significant support ahead. Fibonacci levels can help identify potential 4H supports. 📉 Short Position Trigger: After a rejection from the trendline, watch for a move towards the 0.92790 support. If 0.92790 breaks with momentum, short positions can target: 0.92440 - 0.92187 - 0.91866 📈 Long Position Trigger: While the chart shows bearish dominance, signs of trend weakness are emerging. However, long trades remain high risk in the current environment. potential long setup could occur after breaking the trendline and the 0.9335 resistance. For safer entries, wait for higher highs and higher lows to form, confirming a bullish shift before taking action. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Short
by tradecitypro
1
Easyjet ready to fly?Easyjet records better financial statements, looking at the report is possible to read that LSE:EZJ flew about 5% increase in seats when compared with last year. The revenue increased by 14% this mainly because of the increase of 8% in capacity. Looking over the financial indicator it's noticeable an increase in revenue and the difference compared to 13 week moving average. The price breakout for the second time above the top of ascending triangle following for a cross over the 200ema. The yellow resistance is the strongest one that still needs to be broken. ADX is already above DMI- and being at 19,49 can show some strength confirming the DMI+. EFI barely dropped below zero when the price failed to cross the EMA changing direction above zero rapidly.
LSE:EZJLong
by AFCapital21
Fundamental Market Analysis for November 28, 2024 EURUSDEUR/USD was supported in the market on Wednesday, taking the pair on a new course towards 1.0600 in the middle of the weekly trading session. The bullish bounce in the market was mainly due to investors taking a step away from recent dollar buying pressure, rather than any intrinsic strength in the euro itself. Wednesday's data list included a wide range of U.S. economic indicators before stock exchanges close for the Thanksgiving holiday on Thursday, followed by shortened trading hours on Friday. U.S. gross domestic product (GDP) rose by an expected 2.8% on an annualized basis in the third quarter, coming as a surprise to no one and having little impact on investor momentum. The core Personal Consumption Expenditures Price Index (PCEPI) accelerated to 2.8% for the year ended October, also meeting expectations. While rising inflation readings are usually bad for market expectations for future rate cuts, the upward movement was widely expected, and the monthly reading's persistence at 0.3% m/m helped to portray that the surge in prices was a thing of the past. On Friday, traders will be eyeing preliminary European Union inflation data, the harmonized consumer price index (HICP). EU inflation is forecast to rise in the near term, further aggravating the European Central Bank (ECB) as ECB policymakers struggle to find the words to maintain investor confidence in the lopsided European economy. Trade recommendation: Watching the level of 1.0600, trading mainly with Sell orders
Short
by Fresh-Forexcast2004
Bullish Long for DJTDJT's tremendous buying volume today pushed the stock price to $32.17 (+18.43%). A golden cross formed on the hourly chart on October 8th, and if DJT keeps its bullish momentum, a golden cross will likely form on the 4-hour chart in the next few days. The weekly chart shows that October holds the strongest buying volume for the year. This should help DJT play at a higher value. Fundamental Analysis—The surge is likely due to interest and support for Trump's upcoming presidency. This is what happened in March 2024. DJT's value rose due to the loyal base of Trump supporters. Analysts labeled DJT as a meme stock, trading more on social media buzz than traditional financial metrics. Knowing these fundamental analytics, I believe DJT will find great value and performance depending on a Trump victory.
NASDAQ:DJTLong
by LOWCO_487
Sell AUD/CAD Triangle BreakoutThe AUD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9104 Target Levels: 1st Support – 0.9060 2nd Support – 0.9032 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
10