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Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 17, 2025Technical Analysis and Outlook: Bitcoin has reached our significant Key Resistance level of 106000 during the current week's trading session. This development signals a retest of the completed Outer Coin Dip of the 108000 cryptocurrency before the expansion of the continued upward movement. Nevertheless, an interim decline may likely occur, leading down to the Mean Support level of 100000, with a potential further extension to the Mean Support level of 95000 before any resurgence in the bull market occurrence.
BITSTAMP:BTCUSD
by TradeSelecter
$GBIRYY -U.K Inflation Rate (December/2024)ECONOMICS:GBIRYY December/2024 source: Office for National Statistics -Annual inflation rate in the UK unexpectedly edged lower to 2.5% in December 2024 from 2.6% in November, below forecasts of 2.6%. However, it matched the BoE's forecast from early November. Prices slowed for restaurants and hotels (3.4%, the lowest since July 2021 vs 4%), mainly due to a 1.9% fall in prices of hotels. Inflation also slowed for recreation and communication (3.4% vs 3.6%) and services (4.4%, the lowest since March 2022 vs 5) and steadied for food and non-alcoholic beverages (at 2%). Meanwhile, prices decreased less for transport (-0.6% vs -0.9%) as upward effects from motor fuels and second-hand cars (1%) partially offset a downward effect from air fare (-26%). Also, prices rose slightly more for housing and utilities (3.1% vs 3%). Compared to November, the CPI rose 0.3%, above 0.1% in the previous period but below forecasts of 0.4%. The annual core inflation rate also declined to 3.2% from 3.5% and the monthly rate went up to 0.3%, below forecasts of 0.5%.
ECONOMICS:GBIRYY
by Mr_J__fx
Nightly $SPX / $SPY Predictions for 1.13.2024🔮 📅 Tue Jan 14 ⏰ 8:30am 📊 Core PPI m/m: 0.2% (prev: 0.2%) 📊 PPI m/m: 0.4% (prev: 0.4%) 📅 Wed Jan 15 ⏰ 8:30am 📊 Core CPI m/m: 0.2% (prev: 0.3%) 📊 CPI m/m: 0.3% (prev: 0.3%) 📊 CPI y/y: 2.9% (prev: 2.7%) 📊 Empire State Manufacturing Index: -0.3 (prev: 0.2%) ⏰ 10:30am 🛢️ Crude Oil Inventories: -1.0M 📅 Thu Jan 16 ⏰ 8:30am 📊 Core Retail Sales m/m: 0.5% (prev: 0.2%) 📊 Retail Sales m/m: 0.6% (prev: 0.7%) 📊 Unemployment Claims: 210K (prev: 201K) 📊 Philly Fed Manufacturing Index: -7.0 (prev: -16.4) 📅 Fri Jan 17 ⏰ 8:30am 📊 Building Permits: 1.46M (prev: 1.49M) 💡 Market Insights: 📈 GAP ABOVE HPZ: On a gap up, we will hold and run higher. 📊 OPEN WITHIN EEZ: The markets will get a few days of a bullish run. 📉 GAP BELOW HCZ: Everyone will eat up this drop; definitely look to position bullish here. #trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
SP:SPXLong
by TrendTao
S&P 500 Daily Chart Analysis For Week of Jan 10, 2025Technical Analysis and Outlook: During the recent trading session, the S&P 500 demonstrated a robust rally, exceeding a notable support level at 5872. This upward movement, however, resulted in a significant decline of the index to a critical support level at 5870 and lower lows. The volatility associated with this upward trend has introduced instability by destabilizing the bullish trend by flagging a new downward target marked at Outer Index Dip 5645. However, it is crucial to acknowledge that encountering subsequent support levels of Mean Sup 5770 may trigger a substantial rally, potentially leading to the Mean Res at 5920, before plunging again to drop toward the targeted level of 5645.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Jan 10, 2025Technical Analysis and Outlook: The Eurodollar has experienced a significant increase during this week's trading session, surpassing our initial target of Mean Resistance at 1.034. It then encountered strong resistance at a Mean Resistance of 1.043, leading to a notable pullback that brought it down to an Outer Currency Dip of 1.025 and lower. We are now looking at the next target at Outer Currency Dip 1.020, with additional extension levels at Outer Currency Dip 1.016 and 1.005, respectively. Reaching our first target, Outer Currency Dip 1.025, will likely trigger an interim rebound toward the designated level at Mean Resistance 1.030.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 10, 2025Technical Analysis and Outlook: Bitcoin has surpassed our crucial Mean Resistance of 99500 in this week's trading session by plunging sharply back to a critical Mean Support of 91800. This decline suggests that a significant interim pullback may be underway, potentially bringing the cryptocurrency to the Outer Coin Dip 83400 before any resurgence in the bull market occurs. However, an interim strong upside move to Mean Res 97300 might be in the works.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Jan 3, 2025Technical Analysis and Outlook: During this abbreviated trading week, the S&P 500 made a wild ride pullback against a very significant Mean Sup 5870. Subsequently, it rallied robustly, approaching our newly established target of Key Resistance at 5972. This upward movement is anticipated to stabilize or continue to rise, sustaining the bullish trend. However, it is crucial to acknowledge that encountering subsequent resistance may trigger a substantial pullback, potentially leading to the Mean Support at 5870, which remains a plausible scenario.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Jan 3, 2025Technical Analysis and Outlook: The Eurodollar has significantly declined in this week's abbreviated trading session, reaching the Outer Currency Dip level of 1.025. Consequently, the currency has rebounded robustly and is heading toward the Mean Resistance level of 1.034. Current analyses suggest that the Euro is positioned to continue its upward trajectory. Nevertheless, it is anticipated that a revitalized pullback will occur from this resistance level.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 3, 2025Technical Analysis and Outlook: As specified in the Bitcoin Daily Chart Analysis for December 27, an extraordinary rebound bull movement occurred from the Mean Support of 91800. Current analysis suggests a high likelihood that the cryptocurrency will continue to advance, potentially testing the Mean Resistance level of 99500 and aiming for a retest of the completed Inner Coin Rally marked at 108000. Nevertheless, it is crucial to recognize the possibility of a pullback to retest the Mean Support level of 91800 again before any resurgence in the bull market.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Dec 27, 2024Technical Analysis and Outlook: During this short trading week, the S&P 500 made significant gains and is approaching our main target, Key Resistance at 6090. This movement is expected to support the next phase of the interim rebound, with the goal of breaking through the Key Resistance level at 6090 and continuing the bullish trend. However, it's important to acknowledge that a retest of the Mean Support at 5870 is still a likely scenario.
SP:SPX
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec27, 2024Technical Analysis and Outlook: During this week's trading session, Bitcoin exhibited fluctuations within the newly defined Mean Resistance of 99500 and Mean Support of 91800. The analysis suggests a high probability that the cryptocurrency will experience a decline to the Inner Coin Dip 88500 prior to initiating a significant rebound. This rebound is expected to facilitate the re-establishment of its bullish trend. It is essential to consider that a rebound bull movement may indeed occur from the Mean Support 91800.
BITSTAMP:BTCUSD
by TradeSelecter
DAR/USDT: Major Historical Levels Analysis| NEXT 1100% PotentialBINANCE:DAR/USDT - 1D TIMEFRAME 🎯 MARKET STRUCTURE: ━━━━━━━━━━━━━━━━ ✦ CURRENT PRICE: $0.13873 (-2.07%) ✦ FIRST TARGET: $0.74760 (+525%) ✦ ULTIMATE TARGET: $1.65318 (+1,100%) ✦ TIMEFRAME: Daily/Long-term TECHNICAL BREAKDOWN: ━━━━━━━━━━━━━━━━ 1. HISTORICAL CONTEXT: • Price at multi-year support level • Significant consolidation since May 2023 • Major historical resistance levels marked 2. KEY PRICE LEVELS: • Current Support: ~$0.13-0.14 • First Major Resistance: $0.74760 • Second Major Resistance: $1.65318 3. VOLUME PROFILE: • Current Volume: 29.45M • Low volume consolidation phase • Potential accumulation period STRATEGIC OUTLOOK: ━━━━━━━━━━━━━━━━ LONG-TERM POTENTIAL: • Two major upside targets identified • Historical resistance levels as targets • Significant upside potential from current levels RISK CONSIDERATIONS: • Current downtrend needs reversal confirmation • Volume increase needed for momentum • Extended consolidation possible ENTRY STRATEGY: ━━━━━━━━━━━━━━━━ • Wait for reversal confirmation • Look for volume expansion • Consider scaling in on breakout confirmations RISK DISCLOSURE: ━━━━━━━━━━━━━━━━ Trading involves substantial risk. This analysis is educational and should not be considered financial advice. Always conduct your own research and trade responsibly. #DAR #Crypto #TechnicalAnalysis #TradingView #CryptoTrading Tags: @TradingView Note: The significant upside targets are based on historical price levels. Always use proper risk management and position sizing.
DLong
by Supachai-Taechapisit
S&P 500 Daily Chart Analysis For Week of Dec 20, 2024Technical Analysis and Outlook: During this week's trading, the S&P 500 index exhibited considerable volatility after reaching our critical support level of Mean Support 5870. Subsequently, it demonstrated a robust upward recovery. This development is anticipated to facilitate the impending phase of the renewed interim rebound, with the objective of retesting the Key Resistance level at 6090, thereby paving the way for continuing the bullish trend. However, it is crucial to recognize that a retest of the Mean Support 5870 remains a great possibility.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Dec 20, 2024Technical Analysis and Outlook: The Eurodollar exhibited a bearish trend during the initial part of the week; however, it subsequently demonstrated a significant recovery by retesting the completed Outer Currency Dip at 1.035. This renewed interim rebound is poised to drive the Eurodollar toward the Mean Resistance level of 1.051. However, it is crucial to recognize that a retest of the completed Outer Currency Dip at 1.035 remains plausible.
by TradeSelecter
$GBINTR -U.K Interest RatesECONOMICS:GBINTR (December/2024) source: Bank of England The Bank of England left the benchmark bank rate steady at 4.75% during its December 2024 meeting, in line with market expectations, as CPI inflation, wage growth and some indicators of inflation expectations had risen, adding to the risk of inflation persistence. The central bank reinforced that a gradual approach to removing monetary policy restraint remains appropriate and that monetary policy will need to continue to remain restrictive for sufficiently long until the risks to inflation returning sustainably to the 2% target in the medium term have dissipated further. The central bank will continue to decide the appropriate degree of monetary policy restrictiveness at each meeting.
ECONOMICS:GBINTR
by Mr_J__fx
$JPINTR - Japan's Interest RateECONOMICS:JPINTR (Devember/2024) source: Bank of Japan -The Bank of Japan (BoJ) maintained its key short-term interest rate at around 0.25% during its final meeting of the year, keeping it at the highest level since 2008 and meeting market consensus. The vote was split 8-1, with board member Naoki Tamura advocating for a 25bps increase. Thursday's decision came despite the US implementing its third rate cut this year, as the BoJ needed more time to assess certain risks, particularly US economic policies under Donald Trump and next year's wage outlook. The board adhered to its assessment that Japan's economy is on track for a moderate recovery, despite some areas of weakness. Private consumption continued its upward trend, aided by improving corporate profits and business spending. Meanwhile, exports and industrial output remained relatively flat. On inflation, the YoY figures have ranged between 2.0% and 2.5%, driven by higher service prices. Inflation expectations showed a moderate rise, and the underlying CPI is expected to add gradually.
ECONOMICS:JPINTR
by Mr_J__fx
$GBIRYY -U.K CPI (November/2024)ECONOMICS:GBIRYY (November/2024) source: Office for National Statistics - The annual inflation rate in the UK edged up for a second month to 2.6% in November 2024 from 2.3% in October, matching forecasts. It is the highest inflation rate in eight months, with prices rising at a faster pace for recreation and culture (3.6% vs 3% in October), mostly admission fees to live music events and theaters and computer games; housing and utilities (3% vs 2.9%), particularly actual rents for housing; and food and non-alcoholic beverages (2% vs 1.9%). In addition, transport prices fell much less (-0.9% vs -1.9%) as upward effects from motor fuels and second-hand cars were partially offset by a downward effect from air fares. Meanwhile, services inflation was steady at 5%. Compared to the previous month, the CPI edged up 0.1%, less than 0.6% in October and matching forecasts. The core CPI rose 3.5% on the year from 3.3% in October but below forecasts of 3.6%. On the month, core prices stalled.
ECONOMICS:GBIRYY
by Mr_J__fx
S&P 500 Daily Chart Analysis For Week of Dec 13, 2024Technical Analysis and Outlook: During the trading session this week, the S&P 500 index has exhibited a consistent steady to a lower trajectory, progressing towards our newly established support target of 6034. There remains the potential for a further decline to the subsequent Outer Index Dip level at 5980. Conversely, a notable upside movement via the previously retested Key Res 6090 level is anticipated, which may facilitate a rally to the Outer Index Rally target of 6123; this development will likely pave the way for the next phase of the bullish trend.
SP:SPX
by TradeSelecter