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📊⤴️⤴️ EURUSD VIP BULLISH MOMENTUM LONG TRADE)⤴️⤴️📊Hello trader’s what do you think about eurusd)? dear traders I think 4H trand line this week Cpi news soo I think eurusd fullback resistance levels my Postens open 01.09000 Long trade) bullish momentum) Target 1.10357) Target 1.10837) Target 1.11657) GBP/USD remained consolidative on Thursday, bid just above 1.26 and offered just above its 10-DMA at 1.2707, as traders cogitate over U.S. and UK rate pivots later this year, looking toward Friday's payrolls data and next Thursday's CPI data for clues about the timing and depth of Fed rate cuts. For now, traders are reacting to Wednesday's slightly dovish Fed minutes, which noted prior rate hikes are having their intended effect reducing inflation and growth, and near-unanimity that rates will be lower by year-end 2024. Sterling traders' reluctance to move GBP/USD out of its 1.26-1.27 range hints at consensus that both the BoE and Fed are at peak rate levels. Though futures are pricing a near-80% chance the Fed will begin rate cuts in March 2024 (0#SRA:), ahead of the BoE expected in May 2024 (0#SON3:), the near-symmetrical rate paths foreseen for the two central banks in 2024 is keeping GBP/USD anchored near current levels. U.S. jobs data on Friday could disrupt the current GBP/USD rate stasis. Should payroll and earnings data surprise to the upside, a delay in Fed cuts is likely to weigh on GBP/USD, putting multiple support levels in the 1.2630s in sharper focus. FX:EURUSD
Long
by SMC-Trading-Point
2
⬆️🖼️. DOLLAR Index trade line bullish momentum analysis)⤴️⤴️Hello trader’s what do you think about DXY index )? traders are looking 👀 a 4H tame frame 🖼️ trade line dxy hitting support levels and trade line now dxy bak up ⬆️ 102.381 to 102.573) The dollar index fell to below 101 on Wednesday, the lowest in five months, as markets continued to position according to signs of cooling US inflation, and consequently, incoming rate cuts from the Federal Reserve. Data released on Friday showed that the core PCE index, the Fed’s preferred inflation gauge, fell to 3.2% in November from 3.4% in October, coming in below forecasts of 3.3%. Markets are now pricing in around a 90% chance that the central bank may start its cutting cycle by March. The dollar traded close to multi-month lows against other major currencies, but has been gaining ground versus the Chinese yuan amid expectations that the People’s Bank of China would lower key rates next
TVC:DXYLong
by SMC-Trading-Point
⤵️ EURAUD) ifberakout) bearish) analysis)⤵️⤵️hello trader’s what do you think about Euraud)? The Australian and New Zealand dollars rested near five-month peaks on Friday and bonds extended their blistering rally as a surprisingly soft reading on U.S. inflation stoked wagers for rapid-fire rate cuts globally next year. The Aussie crested at $0.6803 AUDUSD , having climbed 1% the previous session to clear the $0.6800 barrier for the first time since late July. The break opened the way to the next bull target at the double top of $0.6895/6900. The kiwi dollar reached $0.6298 NZDUSD after rising 0.7% on Thursday, taking it closer to the July top of $0.6412. Risk appetite was whetted by an unexpected downward revision to the U.S. third-quarter core personal consumption expenditures (PCE) price index to an annualised 2.0%, matching the Federal Reserve's target. That stirred speculation the November reading of core PCE inflation due later Friday would also surprise on the downside, leading futures to imply an 82% chance the Fed would cut rates as soon as March. (FEDWATCH) Markets, in turn, ramped up expectations for local easing with futures now fully priced for a June rate cut by the Reserve Bank of Australia (RBA), even though the central bank still has a tightening bias. (0#RBAWATCH) The Reserve Bank of New Zealand (RBNZ) is now seen certain to ease in May, when it recently warned that no cuts were possible until 2025. (0#RBNZWATCH) Australia's November consumer price measure is not due until the end of January but again analysts see risks to the downside. "We expect annual growth in the monthly CPI indicator to slow to 4.1% y/y in November from 4.9% y/y in October," said Catherine Birch, a senior economist at ANZ. "This would be the weakest annual inflation on the monthly measure since January 2022." "We expect inflation, on a quarter-on-quarter basis, to be annualising within the RBA's 2-3% target band in the second half of 2024." Bond markets are acting like all this is a done deal and have taken three-year yields (AU3YT=RR) down to its lowest since early June at 3.667%. That breached a major chart barrier at 3.69% and was a world away from a 4.48% top hit in November. Yields on 10-year bonds AU10Y fell to a four-month trough of 4.04%, down from its November peak of 4.999%. In New Zealand, the key two-year swap rate (NZDSM3NB2Y=) hit its lowest since February at 4.680%, opening a huge gap to the overnight cash rate of 5.5%.
Short
by SMC-Trading-Point
LINKUSDT - Elliott Wave Analysis - BullishBINANCE:LINKUSDT LINKUSDT - Elliott Wave Analysis - Bullish Article: The price chart analysis of ChainLink (LINK) using the Elliott Wave Theory, with lines drawn by this indicator, highlights it as one of the cryptocurrencies to watch. The long-term (1-week) price chart of ChainLink (LINK) has shown a bullish movement since 2020, breaking through several key resistance levels and continuing to climb steadily. The structure created by the indicator's automatic line drawing clearly shows that we are potentially in wave 3 of a bullish trend while concurrently in wave C of a bearish correction. Therefore, we expect prices to reach levels at $86, $105, and $137 respectively. However, other factors should be considered when forecasting future price directions such as fundamental asset factors, technical factors, and economic conditions. The fundamentals for LINK are strong due to its popularity as a DeFi project with increasing real-world usage. Technical indicators support an upward trend. Factors supporting the upward trend for ChainLink include: Growth in real-world usage of ChainLink. Partnerships with new allies. Launching new products and services. Risks against the upward trend for ChainLink include: Global economic recession. Volatility in cryptocurrency markets. Competition from emerging technologies. Conclusion In summary, the long-term (1-week) ChainLink price chart indicates a robust upward trend, with expectations of breaking through key resistance levels, specifically at $53. Currently, the price is in an accumulation phase, poised for a soon-to-come upward adjustment. Additionally, it is noteworthy that the price has been consistently adjusting upward on a weekly basis.
Long
by hapharmonic
13
WAVES/USDT An Excellent Chance for a LONG Trading Opportunity!BINANCE:WAVESUSDT.P Recently, the weekly chart is trying to break a long-term resistance level. The price faced rejection at this resistance on the last three occasions, but now, we expect a breakthrough. After this breakout, a unique opportunity arises for a long trade with a potential target price in the range of 5 to 6 USD. #WAVES/USDT LONG 🍀 Leverage: 3x Entries: $2.5249 Take profit 1: $2.8586 Take profit 2: $3.8717 Take profit 3: $5.9554 Stop Loss: $1.1164 Stay tuned for trade confirmation and additional updates. Feel free to express your thoughts by liking and sharing in the comments section:) Thanks The sroced.
WLong
by srocedtrading