Will GBP/USD rise after new economic data is released?The GBP/USD currency pair is being influenced by a number of key economic and political factors.
The rise is attributed to a weaker US dollar as markets assess the impact of economic policies in a second term for President Trump. The US dollar fell around 1% following news that any new tariffs would be applied in a “moderate” manner.
The pound has gained against other major currencies, although weak economic data from the UK has put pressure on government bond yields. Experts predict the Bank of England (BoE) could cut interest rates by 100 basis points this year.
However, today's economic data on Claims Change and Average Earnings Index 3M/Y is positive for GBP, so the currency could trend higher in the short term
Forecast:
GBP/USD is currently trading around 1.225… and will follow an upward trend towards the 4H trend line with a target of 1.24xx before falling. However, it should be noted that factors such as BoE monetary policy, US economic developments and Trump administration policy decisions will strongly influence the trend of this currency pair in the coming period.
Thank you for reading my comment: "FM"
Beyond Technical Analysis
USD/JPY Buy Trade – Targeting 155.59096Pair: USD/JPY 🇺🇸💴
Direction: Long 🔼
Target: 155.59096 🎯
Time Horizon: By Tuesday, Jan 21, 09:00 UTC ⏳
The pair has recently experienced downward pressure but is now showing signs of potential recovery. Market behavior suggests a possible move toward the 155.59096 level, aligning with recent price action patterns and momentum.
This trade is time-sensitive and is expected to reach its target by Tuesday at 09:00 UTC. Broader market conditions, including USD strength and JPY market sentiment, may influence the price movement. Monitoring the price closely for further confirmation of anticipated trends. 🔍
Is a U.K. turnaround looming for Santander?Banco Santander (BME: SAN) could be considering a major strategic shift: its exit from the UK market after two decades of operations, according to recent speculation. Since the acquisition of Abbey National in 2004, the UK has been a key market for the Spanish bank. However, operational challenges, low returns and legal problems could be motivating this possible decision.
Factors behind the possible withdrawal
1. Low financial returns: Santander UK has faced a significant decline in profits. In 2024, the bank's UK results posted a 45% drop, reflecting lower profitability compared to other key markets such as the U.S. and Latin America.
2. Legal and regulatory issues: Auto lending has been a constant source of litigation and stringent regulations, increasing costs and operational complexity in the country.
3. High operating costs: Maintaining a large-scale operation in the UK has proven challenging, especially in an environment of high banking competition and increasing regulatory pressures. This contrasts with the bank's strategic focus on more profitable markets with higher growth potential, such as the United States.
Santander's strategic priorities
The bank led by Ana Botín has shown a growing interest in markets such as the United States, where diversification and expansion potential offer better return prospects. This strategy is aligned with its focus on efficiency and resource optimization, moving away from operations that do not meet its long-term profitability objectives.
Technical Analysis
On the daily chart, using the ActivTrades WACD indicator, the stock is currently in a sideways range, the smoothed triple mean indicates a clear perforation of its last high zone, coinciding with the high of April and May 2024. Coinciding with the high zone of April and May 2024, the cumulative delta volumes show a bullish continuation with a gradual volume contraction. If we look at the VWAP and the SELL and BUY signals of the indicator, no signals have been given on the daily chart, but they have been given on the 1Hour chart prior to the movement that has occurred in the last three days. It can be seen that the sideways range of the stock initiated in May 2024 has been clearly perforated, so we must wait to see if the stock reaches its highs and continues its upward movement, or proceeds to correct later.
Outlook and future
Although there is no official confirmation about a possible withdrawal from the UK, this decision could mark an important milestone in Santander's global strategy. The UK market, although historically relevant, seems to have lost prominence to the opportunities offered by other regions.
The uncertainty about Santander's future in the UK raises important questions about how its international presence will be reconfigured and how this decision could affect its image and valuation in the financial markets.
Ion Jauregui –ActivTrades Analyst
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Dow Jones Swing Trade Idea - Long Position
I’m considering a long position on the Dow Jones following recent developments. With Trump's inaugural speech focusing on high-tech advancements and ambitions for space exploration, there’s potential for a strong rally driven by the Magnificent 7 tech companies.
These companies are likely to lead the market higher, and given their influence on broader indices, this could provide a solid swing opportunity for the Dow.
Key Points Supporting the Trade:
Bullish Sentiment: Renewed optimism in tech and innovation sectors from policy discussions.
Market Leadership: Magnificent 7 have historically outperformed during bullish tech narratives.
Technical Setup: Dow appears positioned for a potential breakout, aligning with macro themes.
Risk management remains key. Stop-loss levels and position sizing should align with your overall trading strategy.
Let me know your thoughts or if you have additional insights! 🚀
Ghost Traders FX AUD/USD Trend Continuation [SHORT]The Ghost Traders FX gang has been taking shorts pretty much off every pump for very easy wins, as per last idea for Short, price is still yet to take the weak low which I would attribute to just manipulation & speculation in the market during Trump's Inauguration week.
My bias is still short until 0.613 is taken and 0.6 - 0.611 is tapped into.
Trade Record for GTFX stands at 126 wins, 17 breakevens, 7 losses with a 94%+ W/R & +2670 pips gained.
Best of luck to everyone.
Psychological Strategy: "Buy The Rumour, Sell The News"Trumpcoin has given us a textbook example of how greed and enthusiasm work before major news events.
‘Buy the Rumor, Sell the News’ is one of the simplest yet most effective psychological strategies—it’s all about playing on people’s emotions.
Next time you notice major economic or other significant news approaching, remember: markets tend to push hard before the event, but when the grand finale day arrives, sellers usually dominate. Use this knowledge to know when to take your profits and avoid falling into the FOMO trap!
There are always opportunities to make money in the markets. 🤝
Swallow Team
XRP REPEATING PASS Look at for XRP repeating the past cycles everyone.
Stay away from the hype news. It’s all crap.
Everything in this chart pretty much tells the whole pic.
We have strong bearish divergence on the 2 week like the last cycle after getting above 70 on the Rsi. Sell pressure has been strong. Smart money is taking profits off the table.
The charts tell a story and I’m reading every line.
Let the trade come to you. Be safe. Be rational. Don’t fomo
God bless all
GOLD H4 BREAKOUT / DAILY BREAKOUT UPTREND (TUESDAY/21-JAN-2025)This chart is a technical analysis for XAU/USD (Gold vs. USD) on a 1-hour timeframe. Here’s the breakdown of the key elements and the trading idea depicted:
Break of Structure (BOS):
The chart identifies two points marked as "BOS," indicating significant breaks in market structure. This typically means the price has broken above or below key levels, signaling potential trend continuation or reversal.
Trendline Support:
A purple ascending trendline connects higher lows, serving as dynamic support. The price is expected to retest this line in the future, as per the trading plan.
Sell Entry Zone:
A red rectangular area near $2,752.44 - $2,745.82 is marked as the "Sell Entry" zone. This is the area where sellers may consider entering short positions, expecting the price to reverse downward from this resistance level.
Price Action Plan:
The red arrows suggest the anticipated price movement:
Price will approach the Sell Entry zone.
A rejection is expected, leading to a drop back to the trendline.
The price may then break below the trendline, targeting the green zone near $2,700.00 as the next area of interest or support.
Support Zones:
A green rectangle near $2,700.00-$2,698.07 is shown as a potential area of demand/support. This could act as the next target for sellers and a possible reversal area for buyers.
EMA and Moving Averages:
Green lines represent potential exponential moving averages (EMAs). These provide dynamic support/resistance and confirm the general upward trend before the anticipated reversal.
Trading Insights:
Sell Setup: Wait for the price to reach the Sell Entry zone and show rejection (e.g., bearish candlestick patterns) before entering.
Take Profit: Target the green support zone near $2,700 after the trendline break.
Stop Loss: Place the stop loss above the Sell Entry zone to limit risk in case of an unexpected bullish breakout.
Risk Considerations:
Be mindful of key economic events or news that could affect gold prices, such as central bank announcements, inflation data, or geopolitical events.
Ensure proper risk management with defined position sizes and risk-reward ratios.
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues to gain traction for the second consecutive day, reaching its highest level since November 6, around $2,726 during Tuesday's Asian session. Renewed trade war concerns, sparked by US President Donald Trump's suggestion of imposing tariffs on Canada and Mexico, have increased demand for the safe-haven precious metal.
Additionally, a drop in US Treasury bond yields—driven by expectations that the Federal Reserve (Fed) will implement two rate cuts this year amid signs of easing inflation—further supports the appeal of non-yielding Gold.
⭐️Personal comments Pips & Profit:
Gold price continues to increase in large frame, break 2725 and buying power is stronger
⭐️SET UP GOLD PRICE:
BUY GOLD zone: $2701 - $2703 SL $2696
TP1: $2710
TP2: $2720
TP3: $2730
BUY GOLD zone: $2717 - $2713 SL $2700
TP1: $2729
TP2: $2737
TP3: $2747
🔥SELL GOLD zone: $2740 - $2742 SL $2748
TP1: $2732
TP2: $2720
TP3: $2710
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
SNX|USDT 1 Hour Timeframe Distribution Setup Leaving a massive liquidity in the bottom is too scary to go long. So finally market take the previous re-distribution liquidity with very low volume that is suspicious. And now I like to see price is backing down to this liquidity and then we go for long safely.
Right Now we must look for a Spring and then make a short position until it grabs all the buying limit orders.
Weekly Market Outlook and trade ideas for 20Jan to 24 janThis week’s market outlook focuses on potential trades for Gold, EUR/USD, DXY, GBP/USD, BTC/USD, and EUR/GBP, emphasizing bullish trends in Gold and mixed signals for other pairs.
Highlights
📈 Gold shows bullish momentum, breaking December highs.
📉 DXY faced a bearish candle but remains bullish long-term.
💹 EUR/USD is positioned for upward movement before a potential sell.
📊 BTC/USD looks for buying opportunities below the 50% range.
📉 GBP/USD may rise before a downside move.
📈 EUR/GBP trades in premium range, planning shorts at higher levels.
📈 NASDAQ shows bullish potential with targets set for highs.
Key Insights
📊 Gold’s Bullish Trend: Gold has broken past December’s highs, indicating strong bullish sentiment. This momentum is supported by market optimism, suggesting continued upside potential.
📉 DXY’s Short-term Volatility: Although recent news led to a bearish candle, the long-term outlook remains positive for DXY, with potential for recovery and upward movement in the near future.
💱 EUR/USD Trading Strategy: A bullish move is anticipated before a potential sell-off, providing opportunities for traders to capitalize on short-term gains before positioning for a downward trend.
📈 BTC/USD Entry Zone: A focus on buying BTC/USD below the 50% range of the recent move indicates a strategic approach to capitalize on potential reversals from established support levels.
🔄 GBP/USD Range Dynamics: GBP/USD shows potential for a short-term upward movement before a correction, highlighting the importance of timing in trading strategies.
📉 EUR/GBP Short Positioning: Targeting short entries in the premium range reflects a disciplined trading strategy based on market dynamics and price action in EUR/GBP.
📊 NASDAQ’s Bullish Outlook: With significant targets set for recent highs, NASDAQ demonstrates strong bullish potential, suggesting opportunities for traders to engage in upward momentum.
HOW TO Document your RESEARCH using TradingViewDocumenting your research as a trader is not just beneficial—it's essential. After a decade in the trenches, I know that organized, thorough documentation can make the difference between a profitable strategy and a missed opportunity.
TradingView is not just a charting platform, it is also a journal, a diary, for ALL your trading ideas. The features it has are enormous. You can literally screenshot/snip your screen or part of it from another window and then CTRL+V it onto the chart itself.
Personal TIP: I picture my physical notes, then I put the picture inside next to the chart, then I save the chart image with a link, and then I put the link into the idea text, and it shows me the note, like here:
You can always revise your documentation and add to it as much as you want. The more evidence you can add, the more sound your pattern is, and the more confident you will be in putting your money on it, since you "KNOW" it should manifest because it is backed up by stock market logic and research.
The price will move, with you or without you, ask yourself always the question:
"Can this move be predicted beforehand?" and start your way from there...
Be honest with yourself, some moves just CANT be predicted, they come out of nowhere, but others CAN and WILL give you HUGE SIGNS... if you document them...
Here’s a structured approach to help you capture and refine your trading insights:
1. Find a Market Logic
Before diving into trades, establish a market logic—a hypothesis or theory that drives your trading decisions. This might stem from historical data patterns, news-driven market reactions, or economic indicators. Ensure your logic is grounded in data and has a clear basis for expected outcomes. This foundational step helps avoid random, emotion-driven trades.
2. Give It a Name
Assign a distinct and memorable name to your market logic. This helps you quickly reference and differentiate between multiple strategies. A good name can be as simple as “Earnings Reversal Strategy” or as creative as “The Phoenix Rebound.” Naming your strategy not only aids in documentation but also enhances your cognitive recall during decision-making.
3. Take Pictures of It
Documenting your strategy visually is crucial. Take screenshots of relevant charts, trade setups, and indicators. Annotate these images with key details like entry and exit points, stop-loss levels, and any other pertinent information. Visual aids can clarify your logic and make it easier to analyze past trades.
TradingView allows you to insert a chart into your research, giving you the most visual documentation possible.
By the way, if you are short in time, you can do a video of your documentation and speaking your idea of a strategy instead of writing it, much faster documentation. Also, much more interactive for future reference.
4. Write the Pros of It
Clearly outline the pros of your strategy. These could include:
Consistency: Does your strategy yield reliable results over time?
Risk Management: Does it have built-in mechanisms to minimize losses?
Simplicity: Is it straightforward to execute without complex calculations?
Adaptability: Can it be applied across different market conditions?
5. Write the Cons of It - Are You Maybe Wrong?
Be honest about the cons of your strategy. Acknowledge potential weaknesses:
Overfitting: Does your strategy rely too heavily on historical data, potentially failing in real-time?
Complexity: Is it too complicated to execute consistently?
Market Conditions: Does it only work in specific market environments?
Emotional Bias: Are there elements that could lead to biased decision-making?
6. Write the Limitations of It - Where It Works, and Why?
Define the limitations of your strategy. Clearly state where and why it works, and under what conditions it might fail:
Timeframes: Does it perform best on certain timeframes (e.g., daily, weekly)?
Market Phases: Is it more effective during trending or ranging markets?
Instrument Specificity: Does it work better with certain asset classes (stocks, forex, commodities)? Understanding these limitations helps you apply your strategy more effectively and avoid unnecessary risks.
7. Connect with Different Ideas - Do They Make Sense?
Finally, cross-reference your strategy with other ideas and strategies. This process involves:
Finding synergies: Does your strategy complement other existing strategies?
Seeking validation: Are there external sources or research that support your logic?
Peer Review: Discuss your strategy with fellow traders to gain different perspectives.
Break H4 and continue uptrend 2740⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues to gain traction for the second consecutive day, reaching its highest level since November 6, around $2,726 during Tuesday's Asian session. Renewed trade war concerns, sparked by US President Donald Trump's suggestion of imposing tariffs on Canada and Mexico, have increased demand for the safe-haven precious metal.
Additionally, a drop in US Treasury bond yields—driven by expectations that the Federal Reserve (Fed) will implement two rate cuts this year amid signs of easing inflation—further supports the appeal of non-yielding Gold.
⭐️Personal comments NOVA:
Gold price continues to increase in large frame, break 2725 and buying power is stronger
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2701 - $2703 SL $2696
TP1: $2710
TP2: $2720
TP3: $2730
🔥SELL GOLD zone: $2740 - $2742 SL $2747
TP1: $2732
TP2: $2720
TP3: $2710
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
SELL USDCHF - Dollar reaction to Trump inauguration Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today!
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XAUUSD Buy Looking up, the $2,708 level needs to be regained before considering further upside. Further up, the next level to look at is $2,721, a sort of double top in November and December. In case Bullion powers through that level, the all-time high of $2,790 is the key upside barrier.
XAUUSD Buy 2710
Support 2730
SPY Approaches Key Resistance! Will the Bulls Prevail?Technical Analysis for Trading:
1. Current Market Structure:
* SPY is forming a potential descending wedge pattern, which can indicate bullish breakout opportunities if it breaches the upper resistance trendline.
* Immediate support is at $590, with resistance near $600, where selling pressure might intensify.
2. Indicators:
* MACD: Trending positively but showing signs of weakening momentum as the histogram flattens.
* Stochastic RSI: Overbought territory (~70-80), indicating a possible short-term pullback or consolidation.
3. Key Levels:
* Resistance: $600 (psychological level), $605 (previous swing high).
* Support: $590 (HVL from gamma exposure), $586 (next PUT wall).
4. Scenarios:
* Bullish: A break above $600 could drive SPY toward $605-$610.
* Bearish: Failure to hold $590 may see SPY retesting $586-$580.
GEX Analysis for Option Trading:
1. Gamma Exposure Highlights:
* Positive Gamma Resistance:
* $600: Highest positive NETGEX, indicating strong call-wall resistance.
* Put Walls:
* $586: Secondary PUT support.
* $584: Key PUT wall, significant downside risk if breached.
2. Option Strategy:
* Bullish Setup: Buy $600 Call expiring 1/26, targeting a breakout above $600 with limited risk.
* Bearish Setup: Buy $585 Put expiring 1/26 if SPY breaks $590, aiming for a move to $586.
3. IV Insights:
* Current IV Rank: 16 (low), making long options relatively affordable.
Summary:
* SPY faces a pivotal moment at $600. A breakout could see higher targets, while failure could test lower supports. Options strategies should align with directional bias based on intraday price action.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
QQQ Approaching Key Resistance! Will It Break Through?Technical Analysis for QQQ
* Current Trend: QQQ is forming a descending wedge and consolidating near resistance around $527. The price has been respecting both lower highs and higher lows, indicating potential compression for a breakout or breakdown.
* MACD: Shows mild bullish momentum but a potential for reversal if a breakout fails.
* Stochastic RSI: Currently in overbought territory, signaling possible short-term cooling or retracement.
Key Levels to Watch
* Resistance: $527 (current resistance and highest positive GEX call wall), $530 (next resistance level).
* Support: $513 (HVL level), $500 (PUT support wall).
Gamma Exposure (GEX) Insights
* Highest Positive GEX: $527. This is the significant resistance where large call option interests may act as a barrier.
* PUT Support: $500, showing strong hedging interest below this level.
* IVR/IVX: IVR is 14.9, indicating low implied volatility relative to its historical range. This suggests lower premiums and less aggressive movement expected in the near term.
Option Strategy
* Bullish:
* Consider 527C (Calls) expiring 1/26 if price breaks above $527 and holds.
* Target: $530, Stop Loss: Below $524.
* Bearish:
* Consider 525P (Puts) expiring 1/26 if the price rejects $527.
* Target: $513, Stop Loss: Above $528.
Scenarios for Tomorrow
1. Breakout: If QQQ breaks above $527 and sustains, expect a test of $530 and potentially $532 in the short term.
2. Rejection: A failure at $527 may lead to a pullback to $513 and further downside toward $500.
Conclusion
QQQ is at a pivotal resistance zone with potential for a strong move either way. Keep an eye on $527 and monitor the reaction to decide the next steps.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and trade responsibly.