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Fibonacci

USDJPY Wave Analysis 13 December 2024 - USDJPY reversed from support zone - Likely to rise to resistance level 156.35 USDJPY currency pair recently reversed up from the support zone located between the key support level 149.20 (former low of wave ii from the middle of October), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse (1) from September. The upward reversal from the support zone started the active intermediate impulse wave (1). Given the clear daily uptrend, USDJPY currency pair can be expected to rise further to the next resistance level 156.35, top of the previous impulse wave (1).
Long
by FxProGlobal
NVDA: Short-Term Bullish SetupNVDA is holding strong above its key support at $131.97 📉(drawn green line), signaling potential for a bullish move 📈. A short call position here could be profitable, with a stop-loss at $131.30 to manage risk. 🔑 Key Levels to Watch: 🔵 $135.50 Retest: A breakout above this level confirms bullish momentum. 🎯 Target Range: $139 - $141.50 after a clean break of $135.50. 💡 Pro Tip: Stay disciplined with stop-losses and watch for sustained volume above the breakout level for the best entries. Let’s ride the wave 🌊—smart risk management is the key to success! 💼📊
NASDAQ:NVDALong
by Mercury812
EURJPY : Cluster Resistance Aligns with Bearish ContinuationWelcome back! Let me know your thoughts in the comments! ** EURJPY Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
US30 Buy Or Sell Depending of Price ActionKey Observations: Downtrend and Fibonacci Retracement: The chart is in a clear downtrend, indicated by lower highs and lower lows. A Fibonacci retracement tool is applied to the recent downtrend. The price appears to have retraced to the 50% level (44,062.63) and faced resistance, failing to break above the 61.8% level (44,299.10). Bollinger Bands: The price is testing the lower Bollinger Band, which could indicate oversold conditions in the short term. A potential bounce back to the mean (middle Bollinger Band) could occur unless there’s continued bearish momentum. Key Levels: Support Level: Around the 0.382 Fibonacci level (43,828.18), which is acting as a current support. Resistance Zone: Between the 50% (44,062.63) and 61.8% (44,299.10) Fibonacci levels. The price is also far from the major resistance level at 44,460.85. RSI (Relative Strength Index): RSI appears to be near the oversold region (below 30), suggesting a potential reversal or relief rally in the short term. MACD: The MACD histogram is showing bearish momentum, but the bars are becoming smaller, hinting at a possible loss of selling pressure. Possible Scenarios: Bullish Case (Relief Rally): If the price holds above the 0.382 Fibonacci support level (43,828.18), it could bounce back to retest the middle Bollinger Band and possibly the 44,062.63 level. A break above 44,062.63 could target the 61.8% level (44,299.10). Bearish Case (Continuation): If the price breaks below 43,828.18, further downside could target the next major support, likely below 43,700. The continuation of bearish momentum is supported by the MACD still being below the signal line. Recommendation: Short-Term Traders: Watch for a reaction at the current support level. If the RSI starts to rise and the price bounces off the Bollinger Band, a short-term buy may be possible. Trend Traders: Wait for confirmation of a break below the 0.382 level or a rejection at the 50% retracement to follow the downtrend. Risk Management: Use stop losses, especially near the Fibonacci levels, as they act as pivot zones. Do not risk more than 1% of your account per trade.
EIGHTCAP:US30
by Nozuk
Wester Union Stock Qoute | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Wester Union - Double Formation * A+ Set Up At 13.00 USD * 012345 | Wave (1) & (2) | Downtrend Principle | Subdivision 1 - Triple Formation * Neckline At 11.25 USD * Flag structure | 10.20 USD | Entry Condition | Subdivision 2 * Top / Bottom Structure | Reversed | Support Current Trend | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:WUShort
by TradePolitics
GOLD Speculative Sell - Correction AnticipationDon't forget to check my previous analysis. Afer gold edges up to 2,05% since break out from wide sideways range, finally it's close to resistance area in 2719-2722. Technically, i see classical resistance which it's a LH from D1 chart. It's a invalid seller to hold short position for a longer time. Seller must be exit from market if this level broke up. I also see fibonacci 1.618 in 2719-2722 and we know it's a strong fibbo level that can cause a correction movement. If this area become a strong resistance i anticipate to take a short position and use 2695-2705 as a profit target. Disclaimer ON! DYOR and always put your SL level to prevent bigger risk to your account. Thankyou
SAXO:XAUUSDShort
by vicariuzchrist
GOLD → False breakout and negative fundamental backgroundFX:XAUUSD is correcting after a false breakout of resistance. This is also supported by negative fundamentals. Will there be a pullback or will the decline continue? Optimism over China's economic stimulus is waning amid growing fears of a trade war between the US and China. Expectations of a hawkish Fed interest rate next week helped boost the US dollar, leading to a corrective decline in the gold price.Markets now believe the Fed may send a hawkish signal by signaling a pause in January after PPI came in higher than expected Technically gold is still inside the channel, consolidation continues. Focus on 2658-2660 support, below which there is a huge pool of liquidity that may not let the price down on the first try Resistance levels: 2675, 2682, 2699 Support levels: 2658, 2636 From the support 2658 may form a correction from which will depend on the further development of events: if the correction will be small and the price will quickly return to 2658, it will increase the chances of support breakout and further fall, for example, to 2636. But, if gold can consolidate above 2682 and consolidate above the local high, the price may head for a retest of the high Regards R. Linda!
FX:XAUUSDShort
by RLinda
1
Imerys Stock Qoute| Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Imerys - Double Formation * 38.40 EUR | A+ Set Up | Subdivision 1 * 1)) Retracement Area At 34.50 EUR - Triple Formation * 26.00 EUR | Support Survey On Area | Subdivision 2 * Triple Top Pattern | Ranging | Subdivision 3 * ABC Flat | Behavioural Entry Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:NK
by TradePolitics
USDCHF → Breakout of wedge resistance. CPI aheadFX:USDCHF is showing positive signs of willingness to continue the uptrend. The dollar is consolidating in the meantime in anticipation of CPI, which creates risks for us The currency pair is testing the support at 0.877 as part of the correction. A false breakdown and a reversal pattern is formed, which indicates the end of the correction. The price updates the local lows, and on the 4-hour timeframe it enters the realization phase after breaking the wedge resistance. The focus is on 0.882 - 0.8848. If the bulls keep the defense above this zone even after the news, the growth of the currency pair will continue in the future, as the key liquidity zones are still untested Resistance levels: 0.8848, 0.8887 Support levels: 0.882, 0.880 CPI is ahead and traders are not yet ready to take active action prematurely. The report may form a medium-term potential. A break of 0.8848 will be the trigger for continued upside. But, the structure will be broken if the market breaks 0.876 Regards R. Linda!
Long
by RLinda
2
BITCOIN - BTC/USD - 15 min. Technical analysis published 12/12My opinion Bullish above 98,537.51 USD My targets 102,534.81 USD (+1.07%) 103,995.11 USD (+2.51%) All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN - BTC/USD as long as the price remains well above 98,537.51 USD. The buyers' bullish objective is set at 102,534.81 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 103,995.11 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
BINANCE:BTCUSDLong
by abouel
Bears Beware! Something lingers hidden called the Golden Ratio.Bears Beware! After about a 5% run up back above the 100k barrier, BTC finds itself falling 1% testing the barrier once more. Could this be an imminent win for the bears? It may look like it at the surface but there are many indicators pointing up. The Squeeze Momentum Indicator The squeeze momentum indicator finds squeezes where price action has ping-pong movement with little volatility. The histogram shows the direction of the momentum and the black dots show if there is a squeeze occuring with the white dots indicating that the squeeze has release. At this critical point we can see price regaining upward momentum. Hidden Bullish Momentum Typically, higher highs on the price chart with lower or even highs on the oscillator indicate bearish reversals. However, we can see a hidden bullish divergence occuring with higher price lows and lower oscillator lows. This typically indicates not a reversal but a continuation. The Golden Ratio If we draw a fibbonacci extension (starting from where the upward momentum starts locally, to where price action reverses downward, and finally to where it reverses upward) we can see critical fibb zones that can act as support and resistance. The one that the Bulls and the Bears are currently fighting over is one of the most vital fibb regions - The Inverse of the Golden Ratio (1/1.618 = 0.618) - which is conveniently around the 100k price level. What matters now is if BTC can continue to break through this level and turn it into support. BTC has shown the amount of upward momentum it has behind it seeing how after breaking through the 0.618 fibb level, it broke through the 0.768 fibb level reaching nearly 104k. If we are able to create support at the 0.618 level we may see enough momentum to reach the Golden Ratio, 1.618, fibb level of 117k. Always remember - Bears sound smart, Bulls make money. Don't forget - This is not financial advice.
INDEX:BTCUSDLong
by MisterEuclid
EURUSD → False breakout of resistance. DowntrendFX:EURUSD is testing resistance in the downtrend phase. The maneuver ends with a false breakout of resistance at 1.0607 On the daily timeframe the price is squeezed between the strong resistance at 1.06011 and the local support at 1.05. So, if the bears keep the defense below the key resistance, the currency pair will continue to fall in the short term. The target in this case may be the area of 1.05 - 1.044. But, technically, the retest of 1.0607 may provoke a local breakout of the level and the price movement to the channel resistance against which there will also be a high probability of formation of a false breakout. Resistance levels: 1.0607, 1.965, 1.076 Support levels: 1.0448, 1.0331 Emphasis on resistance. Confirmation of the nearest resistance in the form of price consolidation below the level, if retested, could be a good entry zone. But if resistance is broken, the focus will shift to 1.065 - 1.067 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
1
GOLD → False breakout of resistance. Is a correction coming?FX:XAUUSD on the background of CPI on Thursday passes into a rally and realization of consolidation. The price is testing the resistance of 2721 and forms a false breakout. Traders in anticipation of PPI After the release of CPI, there is a 90% chance that the Fed will cut rates by 0.25% next week. Gold hit a two-week high due to the Middle East, optimism over China's economic stimulus, CPI news. PPI and weekly jobless claims data also remain in focus, which could provide new hints on further Fed policy easing and the direction of the US dollar ahead of next week's Fed meeting. Sentiment around the Fed and risk trends will continue to play a decisive role in gold price dynamics. Technically, the price is in a global wide flat. A false breakdown of resistance is forming and a correction may form. Resistance levels: 2721 Support levels: 2700, 2682 The retest did not allow the bulls to pass through the resistance. In the near future the price may test the nearest support and form a bullish correction from which further growth or fall will be initiated. We should also take into account today's news Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
USDCHF - Looking for a weaker franc?!The USDCHF currency pair is above EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. If the upward movement continues, we can see the midline of the channel and the supply zone and sell within that zone with the appropriate risk reward. A downward correction towards the demand zones will provide us with the next buying positions for this currency pair. 1. U.S. Budget Deficit: The U.S. Treasury Department reported that the federal budget deficit for November reached $367 billion, reflecting a 17% increase compared to the previous year. This rise is primarily attributed to calendar adjustments in benefit payments, which led to approximately $80 billion in additional government spending compared to November 2023. 2. BNP Paribas on Trump’s Tariff Policies: BNP Paribas believes market analysts have underestimated the implications of Trump’s tariff policies and need to take them more seriously. The bank predicts that Trump will implement a significant portion of his tariff threats, even if not entirely. BNP Paribas anticipates these policies will cause a permanent shock to consumer prices in the U.S. while having a temporary effect on inflation. Additionally, the bank expects the Federal Reserve’s target interest rate to remain at 4.5% in 2025, with the U.S. dollar likely to strengthen further, particularly against the Chinese yuan, Mexican peso, and Canadian dollar. 3. Swiss National Bank Cuts Interest Rates: On Thursday, the Swiss National Bank (SNB) unexpectedly cut its interest rate by 50 basis points, marking the largest rate reduction in a decade. This move was aimed at staying ahead of potential rate cuts by other central banks and curbing the rising value of the Swiss franc.Most economists had predicted a smaller rate cut of 25 basis points. This reduction represents the most significant decrease in borrowing costs since the SNB’s emergency rate cut in January 2015. With inflationary pressures subsiding, the SNB opted for further monetary easing. Inflation in Switzerland fell to 0.7% in November and has remained within the bank’s target range of 0–2% since May 2023. The 0.5% rate cut aims to further stimulate the economy and boost labor market activity. 4. Remarks by SNB President: Thomas Schlegel, president of the Swiss National Bank, stated that the bank considers all aspects of the franc’s value, not just its exchange rate against the euro. While acknowledging the effectiveness of negative interest rates, Schlegel emphasized that the SNB does not favor them but would resort to such measures again if necessary, as they have helped reduce the franc’s attractiveness. 5. Managing the Swiss Franc’s Value: The Swiss franc, known as a global safe-haven currency, often appreciates during periods of market volatility, prompting the SNB to invest significant effort in managing its value. However, UBS has noted that this issue is no longer a major concern: “While the franc has strengthened against the euro, it has weakened against the U.S. dollar, maintaining a relatively stable trade-weighted exchange rate.”
Long
by Ali_PSND
NQ Power Range Report with FIB Ext - 12/13/2024 SessionCME_MINI:NQZ2024 - PR High: 21752.50 - PR Low: 21716.75 - NZ Spread: 79.75 No key scheduled economic events Strong session break gap up (details below) - Maintaining week range in ATHs - Index contract rollover week ahead Session Open Stats (As of 1:35 AM 12/13) - Weekend Gap: N/A - Session Gap 12/13 +0.42% (open < 21640) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 269.29 - Volume: 31K - Open Int: 268K - Trend Grade: Bull - From BA ATH: -0.3% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22096 - Mid: 20954 - Short: 19814 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQZ2024
by mv3trader5
NVIDIA Corp(Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # NVIDIA Corp(Extended Hours) - Double Formation * 147.50 USD | Swing High | Subdivision 1 * Left, Head(Swing Low) & Right | Pattern Confirmation - Triple Formation * Retracement | Not Numbered | 50% At 123.00 USD * Flat ABC | Continuation Bias | Subdivision 2 * 345 Template Area | Depiction Range | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:NVDA
by TradePolitics