GOLD GLOBAL VIEWThis is what it looks like for us : a huge rally where the price is to reach at least 2780 pretty soon.
Look at our next post to get the micro view and the daily signal.
The idea is to compensate the green top area, which acts like a super KL, making the price come back to such high levels.
On the other hand, since the economy in the US seems to get more and more stable, the Gold Index should not grow that much on the next few years, only in case of a major event.
Which is why you can observe the red dotted line going back to the ground, to another super KL.
EURUSD
NASDAQ GOING UPAfter a some fake rallies, some fails and some real good forecasts, we're back with more energy and more confidence to try and offer you all the best signals.
The red dotted line that you see at the top is the price we're aiming for. As you can see yesterday's forecast (green drawing) was a little late but eventually pretty good.
We believe that US100 has to climb back to 22K asap to compensate for the US firms on a national level, and to compensate with the blue areas on the chart on a technical levels, which are super key levels supposed to hit again.
Anything is possible at and after 2:30 PM (London time), but keep in mind that there are more prices to reach above than below
Fundamental Market Analysis for January 16, 2025 EURUSDEUR/USD is holding near 1.0295 in the early Asian session on Thursday. Lower than expected US Consumer Price Index (CPI) data for December raises the possibility that the US Federal Reserve (Fed) may cut interest rates twice this year, putting pressure on the US Dollar. However, growing concerns over Eurozone economic growth could limit the major pair's gains.
The US Dollar (USD) declined after weaker than expected US core CPI data, fuelling expectations that the Fed's easing cycle is not yet over. Markets now expect the US central bank to cut rates by 40 basis points (bps) before the end of the year, compared to around 31 bps before the inflation data was released.
Across the ocean, the European Central Bank (ECB) cut rates four times last year and traders expect three or four changes this year due to concerns about the Eurozone's weak economic outlook. Rising bets on further ECB interest rate cuts could undermine the euro (EUR) against the U.S. dollar in the near term.
Later on Thursday, investors will be watching Germany's Harmonised Index of Consumer Prices (HICP) for December and the ECB monetary policy meeting report. In the US, the main events will be retail sales data for December and weekly initial jobless claims.
Trade recommendation: Watch the level of 1.0260, when fixing below consider Sell positions, when rebounding consider Buy positions.
EURUSD (Liquidity Pools: A short Explainer)Liquidity Pools: A Short Explainer
A liquidity pool is an area where retail traders have pending buy/sell orders.
MM always needs to pair their buys with someone's sells, and vice versa - they 'engineer' liquidity.
If they want to go long, they create conditions whereby retail traders think the price is going lower.
If they want to go short, they create conditions whereby retail traders think the price is going higher
Price dips into liquidity pool (see the wick)
Reverses
Driving price below the swing low floods the market with liquidity for longs
How?
1. People who are long and have stops --> stops triggered --> stops become market orders to buy
2. Retail traders see 'support breaking' -> open shorts > MM sell their longs to them
Liquidity pool below the swing low
Swing lows & equal lows are high probability long liquidity pools
Market makers will target these price levels knowing
1. Retail traders already long have their stop-losses at/around swing lows
2. Swing lows seen as 'support' by retail traders
EUR/USD Trade Plan Summary - Reversal
Entry: Place a Buy Stop at 1.04355, confirming a breakout from the falling wedge.
Stop Loss: Set at 1.01702, below the recent lower low to limit risk.
Take Profit: Target TP1 at 1.06993 and optionally TP2 at 1.09253 for extended gains.
Confirmation: Wait for a daily candle close above the wedge before activating the trade.
Risk Management: Risk 1-2% of capital and adjust position size based on the entry-to-SL distance.
GOLD can jump down more .. Gold is showing signs of potential downside movement, suggesting that bearish pressure could dominate in the near term. Traders should remain vigilant and closely monitor key support levels to confirm the next direction. While the current trend hints at a possible drop, unexpected volatility could still influence the market, making it essential to adopt a cautious approach. Proper risk management and careful analysis are crucial to navigating this environment effectively.
EURUSD H1 | Bearish Reversal Based on the H1 chart, the price is approaching our sell entry level at 1.0309, which is a pullback resistance near the 61.8% Fibonacci retracement. This level is expected to act as a potential reversal point in the bearish setup.
Our take profit is set at 1.0263, targeting a significant overelap support level, marking a logical exit point for the trade.
The stop loss is set at 1.0364, above a swing high reisitance, providing room for price fluctuations while protecting against invalidation of the bearish bias.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Bullish bounce?The Fiber (EUR/USD) has reacted off the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 1.0260
1st Support: 1.0194
1st Resistance: 1.0341
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EUR/GBP: Ready to reach the level 0.83!The EUR/GBP exchange rate is currently in a bearish phase, trading near 0.8440 as of January 15, 2025. The key resistance level at 0.8445, which has been a significant barrier since September, has once again hindered upward attempts. The recent downward pressure has been influenced by the halt in the rally of UK gilt yields, following weaker-than-expected inflation data. This factor, combined with growing concerns about stagflation in the UK, creates an unfavorable environment for the Pound, increasing the likelihood of a dovish stance from the Bank of England. On the European side, the stabilization of inflation in the Eurozone provides relative support for the Euro, further reinforcing the bearish sentiment on the EUR/GBP pair. Key upcoming events in the short term include the BoE rate decision on January 25, 2025, which could significantly impact the Pound: a more accommodative stance would further weaken the British currency, favoring an upward movement in the pair. This will be followed by the Eurozone GDP data release on February 2, 2025, and the PMI results for both the UK and the Eurozone in early February, with the potential to influence market dynamics depending on the relative strength of their economies. Market sentiment remains oriented toward short-term stability, with limited movements expected until new significant signals emerge from economic data or central bank decisions.
EURUSD: short term buy on the 1H MA50 in order.EURUSD is neutral on its 1H technical outlook (RSI = 48.015, MACD = 0.001, ADX = 25.709) as it pulled back to its 1H MA50 today but managed to find enough support to bounce even though it crossed it. The pattern is a Channel Down, so the overall trend is bearish but this is its bullish wave and as long as the 1H MA50 holds, we can technically make one last High. Every rebound since the Channel Down bottomed on January 13th, has been of +1.00%. We are expecting another one, so place your targets accordingly (TP = 1.03500).
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EURO - Price can continue move up to $1.0420, exiting of pennantHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price started to decline inside falling channel, where it bounced from support line and rose to resistance line first.
Then Euro turned around and dropped to $1.0380 level, some time traded near and later broke it.
Next, Euro exied from channel and fell to support level, after which bounced from this level to $1.0380 level.
Price broke this level, but soon it turned around, broke this level again, and started to decline inside pennant.
In pennant, EUR fell to support line, after which rose to resistance line of this pattern, breaking $1.0245 level.
Now, I think that Euro exit from pennant, reach resistance level, and break it, after which continue to grow to $1.0420
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DXY - 4H Bearish SignsTVC:DXY has shown an impressive rally from the 100 zone, forming three major bullish legs, each contributing approximately 4% gains. These bullish phases have now brought the index close to the critical 110 level.
However, in the third major leg, we observe the formation of three minor legs, signaling some hesitation as it nears the resistance zone. While many expect the index to break through 110 easily, I anticipate price swings around the 109-110 range, and even the possibility of a deeper pullback before resuming its upward trend.
With the NFP data release today, we might see increased volatility, offering opportunities for a potential DXY decline before any further rise. Stay alert for sharp market moves! 📉
EURUSD Technical Analysis! BUY!
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0257 pivot level.
Bias - Bullish
My Stop Loss - 1.0226
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0308
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
USD/CHF Wedge BreakoutThe USD/CHF pair on the M30 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 Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.9094
2nd Support – 0.9063
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EUR/USD Outlook: Bearish Momentum with Key Levels in FocusEUR/USD Analysis
The price exhibits bearish momentum, as it has already broken below the pivot line at 1.0367 and closed the weekly candle beneath it. This confirms a downward bias in the near term.
In the short term, the price may retest the pivot line around 1.0367 before continuing its drop.
If bearish momentum persists, the price is expected to decline further to test 1.0226 and potentially 1.0155.
To transition into a bullish structure, the price must break and sustain above 1.0367 by closing a 4-hour candle above this level. If this occurs, the price could target 1.0437.
Key Levels
Pivot Line: 1.0288
Resistance Levels: 1.0360, 1.0436, 1.0470
Support Levels: 1.0227, 1.0155, 1.0110
Trend Outlook
Consolidation: Between 1.0288 and 1.0346
Bearish Trend: Below 1.0288
Bullish Trend: Above 1.0367
EURUSD Is Bullish! Buy!
Here is our detailed technical review for EURUSD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.019.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.028 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURUSD Is Trading Under The Pressure Of A Strong Dollar!Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.03700 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.03700 support and resistance area.
Trade safe, Joe.
Bearish reversal off 61.8% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support that lines up with the 38.2% Fibonacci retracement.
Pivot: 1.0343
1st Support: 1.0254
1st Resistance: 1.0442
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURUSD H1 | Bullish Bounce OffBased on the H4 chart analysis, the price is rising toward our buy entry level at 1.0263, which is a pullback support near the 38.2% Fibonacci retracement. This level is expected to act as a potential continuation point in the bullish setup.
Our take profit is set at 1.0337, near the 127.2% Fibonacci extension, aligning with a strong resistance zone and marking a logical target for the upward movement.
The stop loss is set at 1.0178, below the previous swing low and key support zone, providing room for price fluctuations while protecting against invalidation of the bullish setup.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURUSD POSSIBLE TRADE SETUPPotential Trade Setup on EURUSD
The price broke out of a strong intraday support zone, although the Trend remains bearish and the set Trendline keeps the price on the lower part of the market.
The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade.
A BUY opportunity is at the top above the weekly Low at 1.04480.
You may find more details in the chart!
Thank you and Trade Responsibly!
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