USD/CAD Breakout OpportunityTrading Idea: USD/CAD Breakout Opportunity
USD/CAD has paused its four-day rally, trading near 1.4400 during the Asian session. The Canadian Dollar is supported by rising oil prices, with WTI nearing $73.50 per barrel, while US Dollar strength from the Fed’s hawkish stance limits the downside.
Technical Outlook:
The pair is consolidating within a rectangle pattern. The best trading approach is to wait for a confirmed breakout:
Upside breakout: Indicates continued bullish momentum.
Downside breakout: Signals a potential CAD-driven correction.
Key Levels to Watch:
Resistance: 1.4430–1.4450
Support: 1.4360–1.4380
Risk management is essential—always use stop-loss orders and manage your position size to protect your capital.
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Fundamental-analysis
BTC/USDT - H1 - Head & Shoulder PatternThe BTC/USDT pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined H&S pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 99204
2nd Support – 101.051
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Sell GBP/NZD Bearish FlagThe GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag 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 – 2.1994
2nd Support – 2.1920
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Tata power, good buy for long term and short term Tata power one of the best best fundamental stock now available at good demand zone one can add in portfolio if not added yet
Can add at levels of 380-405
Sl mclbs 365
Tgt atleast:1:2 & 25% to 100% expecting a blast before a Indian budget
Ask your financial advisor and broker before buying
Only for educational purposes
Fundamental Market Analysis for January 3, 2025 EURUSDEUR/USD paused its four-day losing streak, trading near 1.02700 during the Asian session on Friday. European Manufacturing Purchasing Managers' Index (PMI) data on Thursday fell short of expectations, which only added to Euro traders' concerns following a soft speech from European Central Bank (ECB) Governor Yannis Stournaras later in the day.
According to ECB Governing Council member Yannis Stournaras, the ECB intends to smoothly cut interest rates until 2025. According to Stournaras, the ECB rate is expected to be somewhere in the neighborhood of 2% at the end of this year. As the Federal Reserve (Fed) will cut interest rates much more slowly than previously expected in 2025, the EUR interest rate differential will widen significantly by the end of the year, putting downward pressure on EUR/USD in the long term. This is in line with the expectations of some analysts who are calling for the euro to reach parity with the US dollar as early as this year.
Pan-European PMI results for December fell slightly to 45.1 against expectations of holding at 45.2. While the data itself had relatively little impact, it helped underscore the growing likelihood that the European Central Bank (ECB) will accelerate rate cuts to support the European economy, even as gasoline prices hit their two-year highs, further confounding Europe's economic outlook.
The only significant data on Friday's economic calendar is the results of the ISM US manufacturing PMI, which is expected to remain at the declining 48.4 reading for December.
Trading recommendation: Watch the level of 1.02500, if it is fixed below consider Sell positions, if it bounces back consider Buy positions.
NVIDIA set to make one more higher high to $165?Technical Analysis:
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A series of higher highs and higher lows in Weekly Timeframe:
NVIDIA has found support at $132, which previously acted as a resistance area during June, July, and August 24. If the stock continues to rise from this level, we could see another higher high (yellow cap) around $165. Alternatively, a deeper correction toward $104 could still be on the table if the support fails.
Fundamental Analysis:
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1) If NVIDIA struggles, it would suggest AI's momentum is waning—which is clearly not the case. This downtrend might simply reflect profit-taking by large traders.
2) The "Santa Rally" is in play, and NVIDIA appears to be on the "nice" list, signaling potential upward momentum.
3) NVIDIA's Blackwell product line is expected to contribute significantly to profits in the next quarterly earnings, potentially providing a substantial boost to the stock.
I bought NVIDIA stock at $145 and plan to hold sell at $160.
Fundamental Market Analysis for December 31, 2024 GBPUSDThe GBP/USD pair is recovering the previous session's losses, trading around 1.25500 during Asian hours on Tuesday. The pair's growth can be attributed to the weakening of the US dollar (USD) amid a decline in US Treasury bond yields.
The U.S. Dollar Index (DXY), which measures the value of the U.S. dollar against six major peers, remains low around 108.00. The dollar ran into trouble when U.S. Treasury bond yields fell about 2% on Monday. The 2-year and 10-year bond yields were 4.24% and 4.53%, respectively.
The U.S. Federal Reserve announced a more cautious outlook for additional rate cuts in 2025, marking a shift in monetary policy stance. This development underscores the uncertainty over future policy adjustments amid the expected economic strategies of the incoming Trump administration.
The British Pound came under pressure as traders slightly increased their dovish bets on Bank of England (BoE) policy in 2025. Market expectations now reflect a 53 basis points (bps) interest rate cut next year, down from the 46 bps projected after the Dec. 19 policy announcement, during which the Bank of England kept rates at 4.75% with a 6-3 vote split.
Trading Recommendation: Watch the level of 1.25500, if consolidated below consider Sell positions, if rebounded consider Buy positions.
Sell CHF/JPY Triangle BreakoutThe CHF/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation.
Target Levels:
1st Support – 174.00
2nd Support – 173.52
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Sell BTC/USDT Bearish ChannelThe BTC/USDT pair on the M30 timeframe presents a potential selling opportunity due to form of well-defined Channel 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 top of channel. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 91151
2nd Support – 90107
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SPX6900 (Daily Chart) – Analysis and Key Insights1️⃣ Rally and Performance
SPX6900 has been on a remarkable rally since September 2024, showcasing its potential as a standout performer.
The market experienced a correction phase after the initial surge, creating a base for renewed bullishness.
2️⃣ Bullish Momentum Resumes
Since November 26, SPX6900 has displayed consistent bullish momentum, currently sitting at a market cap of $800M.
The moving average and price action confirm the market's strength, with higher lows and breakout potential.
3️⃣ Community and Vision
The team and community are targeting billions of dollars in market cap, supported by a strong belief in the project’s narrative.
This isn’t just about quick trades—the SPX6900 movement is focused on long-term growth and adoption.
4️⃣ Key Community Metrics
A growing community of over 60k followers on X, supported by well-known KOLs.
The project stands out for its vision-driven narrative, differentiating it from typical speculative coins.
💡 Final Thoughts
SPX6900 is shaping up to be a long-term opportunity for patient holders, with potential for significant gains in 2025. If the current momentum continues, this project could become one of the top-performing coins in the coming months.
📌 What’s your view on SPX6900? Let’s discuss in the comments below! 🚀
Fundamental Market Analysis for December 26, 2024 GBPUSDGBP/USD currency pair was not traded on Wednesday due to the closure of the Forex market. On the weekly timeframe, the pound demonstrates similar dynamics to the euro. The differences lie in the strength of the movements, reflecting the different stability of the euro and the pound.
However, the general trend is set by the growth of the US dollar, which has been strengthening for 16 years. This confirms that it is the dollar that is driving the market, not the weakness of the euro or pound.
Over the past 16 years, the euro has depreciated 1.55 times and the pound 1.69 times. The pound's faster fall is due to the UK's economic problems. The pound has recovered more strongly than the euro over the past two years, but this movement remains a correction within a global downtrend.
The fall in the British currency is likely to continue. If the global trend is not completed, the pound could fall to the 1.18 level in 2025 or even below this parity. The completion of a 16-year trend requires significant catalysts, which have not yet been seen.
The main driving force for the pair remains economic data from the US, while the British Pound continues to be under pressure due to weak macroeconomic data and political instability in the UK. Investors should keep an eye on news related to the Fed's monetary policy and interest rate expectations.
Trading recommendation: Trading mainly with Sell orders from the current price level.
Celebrating the Season with Gratitude and Success 🎄 Season's Greetings from SroshMayi 🎄
As we embrace the magic of the holiday season, I want to take a moment to express my heartfelt gratitude. This year has been a journey of growth and opportunity, and I couldn’t have done it without the incredible support from this amazing community and the exceptional tools provided by the TradingView platform.
TradingView has been a cornerstone of my analysis, enabling me to provide detailed insights and stay ahead in the dynamic financial world. To all my subscribers and followers, thank you for being part of this journey. Your trust and engagement inspire me to keep pushing boundaries and delivering quality insights.
With great hope, I wish for successful trades and prosperous opportunities for all traders and my amazing subscribers in the coming year. 🌟
And here’s some exciting news for this holiday season! TradingView is hosting a Giveaway where you can win amazing prizes. If you're interested, check out the details in the TradingView Account and join for a chance to grab these fantastic TradingView rewards . It’s a perfect opportunity to enhance your trading journey!
Wishing you all a joyful holiday season filled with peace, warmth, and success in the year ahead. Here’s to reaching new heights together in the coming year! 🌟
Warm regards,
SroshMayi
Frankly !!NASDAQ:TSLA is in the ascending phase by the cup and handle.
Tesla is in a large C&H if it follows these pattern, the price will have a nice rally.
⭐The pattern increases the price by the amount of the measured price movement (AB=CD).
Tesla shares in Frankfurt rose by 12% on Thursday, reaching a two-week high, as strong sales forecasts pleased investors. Elon Musk, the company's CEO, predicted on Wednesday that car sales would grow by 20 to 30% next year, reassuring investors that Tesla is improving its core electric vehicle business and alleviating concerns about the production timeline of a taxi robot . However, last night Tesla shares again failed to meet expectations and reported lower earnings. The only slight improvement was in dividend distribution. But due to Elon Musk's repeated promises of improved production, similar to previous periods, its stock will open with a surge today. Each time, he has given the same assurance but failed to deliver on it !!
previous Analysis
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Sell GBP/NZD Triangle PatternThe GBP/NZD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation.
Target Levels:
1st Support – 2.1983
2nd Support – 2.1860
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Fundamental Market Analysis for December 23, 2024 USDJPYDoubts about the Bank of Japan's rate hike plan and widening yield differential between the US and Japan put pressure on the yen.
Traders are expecting a short-term boost from the US consumer confidence index, which will be released on Monday.
The Japanese yen (JPY) starts the new week on a softer note and remains a short distance from the five-month low reached on Friday against its U.S. counterpart. Doubts over when the Bank of Japan (BoJ) will raise interest rates again have proven to be a key factor weighing on the JPY. In addition, the recent widening of the yield differential between the US and Japan, backed by the Federal Reserve's (BoJ) tightening stance, is undermining the low-yielding JPY.
Added to this, the overall positive tone in equity markets is reducing demand for the safe-haven yen. Meanwhile, strong inflation data released in Japan on Friday left room for a potential BoJ rate hike in January or March. This, along with subdued US Dollar (USD) price action, did not help the USD/JPY pair to realize upside potential in the Asian session in the absence of any fundamental catalyst.
Trade recommendation: Watch the level of 156.00, when fixing below consider Sell positions, when rebounding consider Buy positions.
TradeCityPro | AAVE : Insights into the DeFi Lending Giant👋 Welcome to TradeCityPro!
In this analysis, I’ll delve into the AAVE token. The current market conditions are challenging, and finding good positions is difficult. Therefore, I’ll focus more on explaining the project and less on chart analysis.
🔍 About AAVE:
AAVE is a blockchain-based platform that allows users to deposit their assets as collateral and borrow against them. Since the platform operates on the blockchain, both collateral and loans are in the form of cryptocurrencies. A key parameter in this platform is the Health Factor, which is calculated based on the collateral amount and the borrowed amount. If this parameter falls below 1, the likelihood of liquidation increases significantly.
🔄 This platform enables users to borrow funds in a decentralized environment. Borrowed funds can be used directly or leveraged within the DeFi space for higher profits. However, this comes with specific risks, as highlighted earlier.
💸 AAVE generates revenue through interest rates charged to users. For instance, if a user supplies Ethereum to the platform, they earn a 5% return, while a borrower pays 7% interest. AAVE earns the 2% spread as its profit for mediating between the supplier and the borrower.
💰 Currently, the platform's Total Value Locked (TVL) stands at $19 billion, ranking second after Lido. This builds substantial trust among users. Due to its revenue model, AAVE is one of the few profitable crypto projects, enabling stakeholders to earn not only from token appreciation but also from platform-generated income.
🤝 Given AAVE's revenue model and the scarcity of profitable crypto projects, it has the potential to grow into one of the largest platforms in the crypto space. Already ranked second in TVL, it can further attract more users and expand its presence.
🔵 If AAVE continues to grow, its token could become one of the most critical assets in the market. With a market cap of $5 billion, AAVE currently ranks 30th by market cap. If its revenue remains stable and the project stays profitable, the token’s rank is likely to improve further.
📅 Weekly Timeframe: Strong Bullish Momentum and Parabolic Movement
In the weekly timeframe, there is a visible accumulation box with its ceiling at $130.24. After breaking this level, strong bullish momentum entered the market. Following a pullback and breaking the $202.63 resistance, the next significant resistance lies at $476.74.
📈 From the initial rise off the $51.76 low, the buying volume has surged significantly, validating the upward trend. The RSI entered the overbought zone after the break of $202.63, further propelling the price upward.
🚀 The $476.74 resistance is critical, coinciding with the ATH level. Breaking this level could lead to a new ATH. Currently, Fibonacci levels for subsequent targets cannot be determined until the price correction zones are identified. After completing the correction, further targets can be analyzed.
🔽 In a corrective scenario:
The first key zone is $202.63, especially if it aligns with the curved trendline, strengthening its significance.A deeper correction could reach $130.24, and breaching this level would end the bullish trend, signaling the start of a new market cycle.
✨ Breaking the $77.45 level would introduce bearish momentum, while a break of the $51.76 support could instill significant fear in the market, potentially leading to sharp price drops.
📅 Daily Timeframe: Signs of a Possible Correction
In the daily timeframe, the latest bullish leg can be examined in more detail. Currently, the price has hit the $381.71 resistance and is undergoing a correction after one test.
🔑 So far, the correction has not been deep, with the price shadowing to the 0.382 Fibonacci level and temporarily recovering. If the correction continues:
The 0.5 Fibonacci level is crucial and observable in lower timeframes.
📉 If both levels are broken, the next major support is $195.25, overlapping with the 0.786 Fibonacci level. This level is the last critical zone to maintain bullish momentum. Breaching it could bring bearish momentum into the market.
🔼 If the correction concludes and the $381.71 resistance is broken, the next resistance lies at $637.94. Breaking the 70 RSI resistance would reintroduce buying momentum. It is notable that the market volume hasn’t declined yet, which supports the bullish trend.
⏳ 4-Hour Timeframe: Futures Triggers
In this timeframe, I will focus solely on futures triggers since the higher timeframe scenarios are already analyzed.
🔽 After reaching the $381.71 resistance, the price entered a corrective phase, touching the 0.382 Fibonacci level before forming support at $295.77. Breaking this support would activate the first short trigger, though it is highly risky due to the overall bullish trend. Personally, I won’t take this position as the market trend is still upward.
💥 Another short trigger could emerge based on Dow Theory, but the market hasn’t yet established the necessary structure.
⚡️ For a long position, the primary trigger is the $381.71 resistance, which is a crucial level. I aim to open a long position if this resistance is broken to profit from the next upward wave. Since opening a position upon breaking this level is challenging, an early long trigger could be identified at $337.93. A break of $53.80, coinciding with the $337.93 resistance, could also provide a good opportunity for a long position.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
XAU/USD (Gold) Trendline BreakoutThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent breakout from a well-defined Trendline pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2663
2nd Support – 2689
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USDJPY | Hidden Bearish Divergence | 1HCurrently, the USDJPY chart shows the formation of a hidden bearish divergence and a double top pattern, both indicating that the uptrend is shifting into a downtrend. Additionally, new lower lows (LL) and lower highs (LH) are forming, confirming the change in market structure. These factors suggest the presence of a potential reversal zone (PRZ), where the price is likely to continue its downward movement.
Explanation:
1: Hidden Bearish Divergence:
The price is formed higher highs (HH), while the RSI is showing lower highs, signaling weakness in the uptrend and a potential reversal.
2: Double Top Formation:
A double top is a strong reversal pattern, indicating that the price has struggled to break through a resistance level and is now likely to move downward.
3: Market Structure Shift:
The formation of lower lows (LL) and lower highs (LH) indicates a transition from an uptrend to a downtrend, confirming bearish sentiment.
4: Potential Reversal Zone (PRZ):
The confluence of divergence, the double top, and the structural change points to a PRZ where sellers are likely to dominate, pushing the price further down.
This setup suggests a bearish bias, and traders could look for sell opportunities after proper confirmation, such as a retest of the PRZ or a bearish candlestick pattern.
Fundamental Market Analysis for December 20, 2024 GBPUSDThe Bank of England kept its key rate at 4.75%, which was in line with market expectations. However, three members voted for a rate cut, which came as a surprise and emphasized the regulator's softer stance. This reinforced expectations of significant monetary policy easing in 2025 - the BoE is projected to cut the rate up to four times at 0.25%. In comparison, the Fed is planning less aggressive cuts another 1-2 times, which strengthens the US Dollar's position and puts pressure on the Pound.
The economic situation in the UK remains unstable. The Bank of England lowered its GDP growth forecasts for 2024, pointing to weak economic dynamics. Despite the high growth of wages (5.2%), inflation remains above the target level, which requires the preservation of tight monetary policy. At the same time, the regulator noted that its easing will begin only after a steady decline in inflation to 2%.
The fundamental background for the British currency remains negative. Investors will follow further statements of the Bank of England and economic data, but in the near future the pound is likely to continue a gradual decline.
Trading recommendation: Trading mainly with Sell orders from the current price level.
GBP/CAD - H4 - Strong BreakoutThe GBP/CAD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel 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 – 1.7761
2nd Support – 1.7570
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GBPAUD to the moon?Taking a long position on GBPAUD, main reasons being:
- BoE holding interest rates for now and less rate cuts are expected next year, could drive more institutions to hold GBP and increase it's value
- AUD are trade partners with China who are experiencing significant economic instability
- COT traders are 57% long on GBP (+2.14% compared to last week)
- COT traders are 52% long on AUD, but are adding more short positions (-4.53% change in net long positions compared to last week)
- Retail traders are 93% short on GBPAUD (I find that retail is usually wrong, so this is a positive signal for GBPAUD longs in my book)
This trade is more based on Australia's weakness rather than Britain's strength. I was also thinking of shorting AUDJPY (see previous trade idea) or AUDUSD.
I couldn't get in a position that I liked on AUDJPY (yet) and I'm already in a short position on EURUSD, so I want to diversify a bit away from the US Dollar.
The reason I'm entering here is because it is filling an imbalance candle, and it's also at the 0.682 mark on the Fibonacci retracement tool.
If I get taken out I don't mind, there may be better entries on GBPAUD available if that happens, or there may be an opportunity to short AUDJPY instead, which I prefer the fundamentals of.
Don't take this as investment advice, I'm just sharing what I'm doing. Please don't follow me blindly, create your own strategy and ideas.
Buy GBP/CHF Bullish PennatThe GBP/CHF pair on the H1 timeframe presents a potential Buying opportunity due to a recent breakout from a well-defined Bullish Pennant pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1427
2nd Support – 1.1475
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Fundamental Market Analysis for December 19, 2024 EURUSDThe Pound-Dollar pair is strengthening after dropping more than 1% following the hawkish decision by the Federal Reserve (Fed) on Wednesday and is trading near 1.25900 in Asian hours on Thursday. The Pound Sterling (GBP) is receiving upward support as the Bank of England (BoE) is expected to leave interest rates unchanged later in the day, while maintaining focus on addressing elevated domestic inflation.
On Wednesday, data emerged that the U.K. Consumer Price Index (CPI) rose 2.6% year-over-year in November after rising 2.3% in October. The core CPI, which excludes volatile food and energy, rose 3.5% year-on-year in November, up from a previous increase of 3.3%. Meanwhile, annualized services inflation remained at 5%, below the forecast of 5.1% but above the Bank of England's estimate of 4.9%.
GBP/USD declined on the back of a stronger US Dollar as the Federal Reserve (Fed) decided to cut rates by 25 basis points (bps) at its December meeting on Wednesday, bringing the benchmark lending rate to a range of 4.25%-4.50%, a two-year low. On Thursday, traders will be watching for weekly data on initial jobless claims, existing home sales and the final annualized third quarter (Q3) gross domestic product.
Trading recommendation: Watch the level of 1.26000, if the level is fixed above consider Buy positions, if the level rebounds consider Sell positions.