Get started

Index

$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
USDT.DIntroduction The analysis of Tether Dominance (USDT Dominance) is one of the most essential tools for predicting overall trends in the cryptocurrency market. This metric plays a crucial role in understanding investor behavior, particularly during periods when the market leans towards liquidity or transitions into a bullish phase. This report delves into the technical aspects of Tether Dominance, offering a detailed review of its current state and outlining potential future scenarios. It serves as a valuable resource for millions of investors seeking informed decision-making. USDT Dominance Analysis Definition and Importance of USDT Dominance USDT Dominance reflects the percentage of the stablecoin USDT's market share relative to the total cryptocurrency market. 🔹 Increase in Dominance: Indicates investor preference for holding cash, often signaling market downturns. 🔹 Decrease in Dominance: Suggests capital is flowing into cryptocurrencies, signaling potential price growth. Technical Overview 1. Breakout of the Ascending Channel ✅ Current Status: USDT Dominance has broken below its ascending channel and entered a consolidation range. ✅ Range Box Details: Upper Limit: Green Zone (6.17 - 6.53) Lower Limit: Red Zone (3.73 - 3.99) 2. Price Target Based on Broken Channel 🔸 Bearish Target Estimate: The projection based on the broken ascending channel suggests that USDT Dominance might drop to the gray support zone (2.99 - 3.16). Possible Scenarios Bearish Scenario 📉 Condition: Breaking below the red support zone (3.73 - 3.99). 📉 Target: A decline towards the gray support zone (2.99 - 3.16). 📉 Market Impact: Bitcoin and altcoin prices may rise as capital exits USDT and flows into digital assets. Bullish Scenario 📈 Condition: Holding the red support zone and moving back toward the green resistance zone (6.17 - 6.53). 📈 Market Impact: Crypto prices may decline as demand for USDT increases. Daily Timeframe Triangle Pattern 🔺 Observation: A triangle pattern has formed on the daily timeframe. 🔺 Prediction: A downward breakout is more likely, aligning with the bearish scenario. Conclusion and Key Takeaways 1️⃣ Overall Trend: The trend remains bearish unless key resistance levels are broken. 2️⃣ Critical Levels: Red Support Zone: 3.73 - 3.99 Gray Support Zone: 2.99 - 3.16 3️⃣ Trading Decisions: Focus on higher timeframes and confirmation of breakouts before making decisions. 4️⃣ Market Impact: The breakout or defense of critical USDT Dominance levels will have a significant influence on Bitcoin and altcoin movements. 🎯 Recommendation: Considering the bearish trend, approach bullish scenarios cautiously and prioritize confirmation of breakouts for accurate decision-making.
CRYPTOCAP:USDT.D
by alizeynali69
1
DOW JONES: contact with the 4 month Support Zone. Strong hold.Dow Jones approached the oversold limit today on its 1D technical outlook (RSI = 38.566, MACD = -404.260, ADX = 33.712) as it hit the S1 Zone, which is in effect since late September 2024. The last test of this Zone (November 4th 2024) also coincided with the 4H RSI getting oversold (under 30.000) and the price was also trading inside a Channel Down. By early next week, we expect the index to initiate a similar rebound, aiming at the 0.786 Fibonacci level (TP = 44,300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
S&P500 bottomed on its Falling Wedge. Strong short term upside. S&P500 / SPX is trading inside a Falling Wedge since the November 19th low and today hit the pattern's bottom. This has coincided with the 4hour RSI hitting the 30.00 oversold limit. Every time this has take place, the price rebounded to at least its 0.786 Fibonacci and the 4hour MA200. This time the 0.786 Fib is very close to the top of the Falling Wedge but we can technically target the 4hour MA200 a little lower at 5950. Follow us, like the idea and leave a comment below!!
CAPITALCOM:US500Long
by TheCryptagon
1
S&P500 - The Next 14 Days Will Decide Everything!S&P500 ( TVC:SPX ) is about to break all resistance: Click chart above to see the detailed analysis👆🏻 Over the past couple of weeks, the S&P500 has been repeating the major breakout rally of 2021. Back then the S&P500 actually broke above the channel resistance and immediately rallied more than +15%. If we see the confirmed breakout, we will likely see the same thing happening again. Levels to watch: $6.000, $7.000 Keep your long term vision, Philip (BasicTrading)
TVC:SPXLong
by basictradingtv
24
S&P500 First 4H Death Cross in 5 months! Is it bearish indeed?The S&P500 index (SPX) is on a decline since Thursday and despite the thin holiday volume and less trading days, is a sign of weakness on the short-term. Especially having completed a Death Cross on the 4H time-frame on December 24. In fact, this is the first 4H Death Cross in 5 months (since July 29). During that sequence, the index was under heavy seasonal selling pressure but initially rose following the Death Cross. Soon after though it collapsed lower on bad macroeconomics. This time however, the trend turned bearish immediately after the Death Cross. The buy signal in August was the Aug 05 4H RSI Double Bottom. This time, the RSI has already started rising since yesterday. In our opinion, this suggests that the selling pressure by the 4H Death Cross is most likely over and we can technically see the new Bullish Leg of the 3-month Channel Up. The most common % rise these past few months has been +7.19%. If we count that from the recent December 20 Low, then we should be expecting a 6200 Target by late January - early February. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
SPY (S&P500 ETF) - Daily Price Consolidation - End of 2024SPY (S&P500 ETF) is currently in a short-term consolidation price pattern (end of December 2024). SPY price needs to hold and rally above $583 to avoid a daily bearish head-and-shoulders resistance price pattern. Support Prices to the downside are: $583, $577, $569, $555, $532. Resistance Prices to the upside are: $592, $600, $604, $613, $626. Several Key Events will be occurring in the USA, January 2025: -CES 2025 Conference (week 2) -Inflation Data (week 2) -Stock Market Earnings Season begins (week 2 to 4) -New President taking office, potential law changes (week 3 to 4) -FOMC Press Conference (week 4) Note: Any of the above events can cause stock market volatility and override technical charts. Date: 12/30/2024 pm
AMEX:SPY
by NoFomoCharts
What Indicators Do Traders Use for Scalping? What Indicators Do Traders Use for Scalping? Scalping is a fast-paced trading style where traders aim to take advantage of small price movements within short timeframes. Such traders often rely on technical indicators to make quick decisions. This article explores some of the most popular scalping indicators, providing insights into how they can help traders spot opportunities in fast-moving markets. Understanding Scalping Indicators As you know, scalping is a trading strategy where traders aim to take advantage of small price movements by executing numerous trades within short timeframes, often closing trades within a few minutes. This approach requires swift decision-making and precise timing. Technical indicators are essential tools in this context, as they provide real-time data and insights into market trends, momentum, and volatility. Using these indicators, traders can identify optimal entry and exit points, potentially enhancing their ability to navigate the rapid pace of the market. Below, we’ll break down five indicators for scalping. You’ll find these scalping indicators in MT4 and MT5, TradingView. Also, you can get started in seconds with FXOpen’s free TickTrader trading platform. Moving Averages Moving averages (MAs) are considered by some to be the best indicator for scalping, smoothing out price data to help identify trends by calculating the average price over a specific period. In scalping, where quick decisions are crucial, certain types of moving averages can be useful. Exponential Moving Average (EMA) Unlike the Simple Moving Average (SMA), which assigns equal weight to all data points, the EMA gives more significance to recent prices, making it more responsive to current market movements. This responsiveness is advantageous for scalpers. For instance, a 9-period EMA reacts swiftly to recent price changes, potentially providing timely signals for entry and exit points. Hull Moving Average (HMA) Developed by Alan Hull, the HMA further reduces lag and enhances smoothness compared to traditional moving averages. It achieves this by weighting recent prices more heavily and using a unique calculation method. The HMA's ability to closely follow price action while minimising lag makes it a valuable indicator for scalpers. Applying Moving Averages in Scalping - Crossover Strategy: Scalpers often use two EMAs of different lengths to identify potential trading opportunities. A common approach involves a fast EMA (e.g., 5-period) and a slow EMA (e.g., 15-period). When the fast EMA crosses above the slow EMA, it may indicate a bullish trend, suggesting a potential buying opportunity or a chance to close a short trade. Conversely, when the fast EMA crosses below the slow EMA, it may signal a bearish trend, indicating a potential selling opportunity or moment to close a long trade. - Trend Confirmation: The EMA and HMA can be used to confirm trends identified by other indicators. For example, if the moving average is sloping upwards, it may confirm an uptrend, supporting decisions to enter long positions. If it's sloping downwards, it may confirm a downtrend, supporting decisions to enter short positions. You can find these scalping indicators in TradingView and FXOpen’s TickTrader platform. Relative Strength Index (RSI) The Relative Strength Index (RSI) is a well-known scalping indicator that measures the speed and change of price movements, oscillating between 0 and 100. Traditionally, an RSI above 70 indicates overbought conditions, while below 30 suggests oversold conditions. In scalping, traders often adjust the RSI from its typical length of 14 to shorter periods, such as 7 or 9, to capture rapid price swings occurring over minutes. This adjustment makes the RSI more sensitive to recent price changes, providing timely signals for quick trades. Applying RSI in Scalping - Overbought/Oversold Levels: When the RSI moves beyond 70 or drops below 30, traders watch for potential reversal points. However, scalpers may focus on the RSI’s movement back into the 30-70 range as an early sign of momentum shifting. - Divergences: Scalpers also look for divergence between price movement and the RSI. For example, if the price reaches a new high but the RSI does not, it may signal a weakening trend and possible reversal. This divergence can be an effective tool for anticipating quick market shifts. - Midpoint (50 Level): The 50 level serves as a midpoint, indicating the balance between gains and losses. An RSI crossing above 50 may suggest bullish momentum, while dropping below 50 can indicate bearish momentum. Scalpers use this midpoint to assess the prevailing market trend. Bollinger Bands Bollinger Bands are a technical analysis tool comprising three lines: a simple moving average (SMA) in the middle, with upper and lower bands set at a specified number of standard deviations from the SMA. These bands expand and contract based on market volatility, providing a visual representation of price fluctuations. In scalping, traders often adjust Bollinger Bands to shorter timeframes, such as 1-minute or 5-minute charts, to capture quick price movements. A common approach involves setting the SMA period to 7-10 and the standard deviation to 1.5-2, potentially enhancing sensitivity to short-term market changes. Applying Bollinger Bands in Scalping: - Bollinger Squeeze: When the bands contract, indicating low volatility, it often precedes significant price movements. Scalpers watch for a breakout above or below the SMA to identify potential trading opportunities. - Reversal: Price breaching the upper band may suggest overbought conditions, while below the lower band may indicate oversold conditions. Scalpers use these signals to anticipate potential price reversals. Stochastic Oscillator The Stochastic Oscillator is a momentum indicator that compares an asset’s closing price to its price range over a specific period, typically 14. It includes the %K line, the current closing price relative to the range, and the %D line, a moving average of %K. The scale runs from 0 to 100, where readings over 80 suggest overbought levels, and those under 20 point to oversold levels. In scalping, traders may adjust the Stochastic Oscillator to shorter settings, such as 5,3,3, to increase sensitivity to rapid price movements. This adjustment can help in capturing short-term market fluctuations. Applying the Stochastic Oscillator in Scalping: - Overbought and Oversold Conditions: When the %K line crosses the %D line in the overbought (above 80) or oversold (below 20) zones, it can signal a potential reversal. Scalpers use these crossovers as quick alerts for shifts in momentum, helping them to act swiftly in volatile markets. - Crossovers: Besides extreme conditions, traders also monitor crossovers between %K and %D. A %K line crossing above %D from a lower level can suggest an upward move, while a downward crossover may hint at a short-term price decline. - Divergence: If the price makes a new high/low but the Stochastic Oscillator does not, it may signal a weakening trend, indicating a potential reversal. Moving Average Convergence Divergence (MACD) The Moving Average Convergence Divergence (MACD) is considered one of the top forex indicators for scalping. It’s a momentum indicator that reflects the relationship between two moving averages. It comprises the MACD line (the difference between the 12-period and 26-period exponential moving averages), the signal line (a 9-period EMA of the MACD line), and a histogram, which illustrates the gap between the two lines. Scalpers prefer to adjust these settings to 3, 10, and 16, respectively, to make the MACD more responsive to rapid price movements. Applying MACD in Scalping: - Crossovers: When the MACD line crosses above the signal line, it may indicate bullish momentum; a crossover below suggests bearish momentum. Scalpers monitor these crossovers to identify potential entry and exit points. - Histogram Analysis: The histogram represents the difference between the MACD and signal lines. An expanding histogram indicates strengthening momentum, while a contracting histogram reflects weakening momentum. Scalpers use these changes to gauge the intensity of price movements. - Divergences: A divergence occurs when the price moves in one direction while the MACD line moves in the opposite. For example, if the price reaches a new low but the MACD does not, it may reflect a potential upward reversal. Scalpers watch for such divergences to anticipate shifts in market direction. Combining Indicators for Scalping Strategies Combining multiple indicators can enhance scalping strategies by providing a more comprehensive view of market conditions. Each indicator offers unique insights, and their combined use can help filter out false signals and confirm trading opportunities. Here are some pairings: - EMA and RSI: Utilising the Exponential Moving Average to identify trend direction alongside the Relative Strength Index to gauge momentum can help traders confirm the strength of a trend before making decisions. For instance, if the EMA indicates an uptrend and the RSI is above 50, it may suggest strong bullish momentum. - Bollinger Bands and Stochastic Oscillator: Bollinger Bands measure volatility, while the Stochastic Oscillator identifies overbought or oversold conditions. When prices touch the upper or lower bands and the Stochastic Oscillator reflects overbought or oversold conditions, it may indicate potential reversal points. - MACD and RSI: The Moving Average Convergence Divergence (MACD) highlights momentum changes, and the RSI indicates overbought and oversold conditions. Using them together can help confirm potential entry or exit points. For example, if the MACD shows bullish momentum and the RSI is rising but not yet overbought, it may signal a buying opportunity. Common Challenges When Using Indicators in Scalping Scalping with indicators offers valuable insights, but there are some challenges traders should be aware of: - False Signals: Rapid market movements can trigger misleading signals, causing traders to act prematurely. - Overtrading: Relying too heavily on short-term indicators can lead to excessive trades, increasing transaction costs. - Market Noise: High volatility and frequent price fluctuations can make it difficult to distinguish genuine trends from random market "noise." - Lagging Indicators: Some indicators may react too slowly, causing traders to miss opportunities. The Bottom Line Scalping requires quick decisions and the right tools, and indicators like the EMA, RSI, and MACD can help traders navigate fast-moving markets. Found the best scalping indicator that suits your style? Open an FXOpen account to access four advanced trading platforms and start building your scalping strategy today with low-cost, high-speed trading conditions. FAQ What Is the 1-Minute Scalp Strategy? The 1-minute scalp strategy involves making rapid trades on a 1-minute chart. Traders look for small price movements and enter multiple trades within a short period, often using scalp trading indicators like the EMA or RSI for quick signals. What Is the 5-Minute Scalping Strategy? The 5-minute scalping strategy focuses on capturing short-term price movements on a 5-minute chart. Traders typically combine trend and momentum indicators, like the MACD and Bollinger Bands, to make fast, informed decisions. Which Stocks Are Good for Scalping? The choice depends on the trader’s risk tolerance, trading approach, experience, and toolkit. However, according to theory, stocks with high liquidity, tight spreads, and significant daily volume are good for scalping. Popular choices include tech giants like Apple (AAPL) and Tesla (TSLA), as they offer frequent price fluctuations. But at the same time, they bear higher risks. What Is the Best EMA for Scalping? There is no best exponential moving average for scalping. However, traders often use a pair of EMAs, such as a 9- or 5-period and 21- or 15-period, to quickly respond to price changes in scalping. These EMAs help identify trend direction and momentum. How Can You Use RSI for Scalping? In scalping, the RSI is often set to shorter periods, like 7 or 9, to catch signals quickly. Traders watch for the RSI to cross key levels (30 or 70) and form a divergence with a price chart to spot potential reversals. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
Education
by FXOpen
1
What Those Peaks and Valleys on Your Chart Are Telling You (RSI)Hello, Traders! 👋🏻 Have you ever noticed those peaks and valleys at the bottom of your trading charts? Like tiny mountains rising and falling, they seem to reflect the market’s heartbeat 🩺. But what do they actually mean? Think of them as the market’s thermometer — showing you when it’s overheated or cooling down. This tool is none other than the Relative Strength Index (RSI). RSI meaning? RSI is one of the simplest indicators traders use to time their moves. It tells you when an asset is overbought or oversold, helping you spot potential reversals and entry points. In this article, we’ll break down how RSI works, why it’s such a powerful tool, and how you can use it to read the market. What Is RSI? What is the Relative Strength Index/RSI? RSI isn’t just a random line on your chart. It’s a momentum oscillator that measures how quickly prices are moving up or down. Think of it as a score for how strong the market’s mood is right now. Let’s dive into how to use the RSI indicator effectively. 1. Overbought and Oversold Levels. The most common way to use RSI trading is to look for these levels. If RSI rises above 70, ➡️ the market might be overbought . This could be a good time to think about locking in profits or avoiding new buys. If RSI falls below 30, ➡️the market might be oversold . This could signal a buying opportunity. But don’t jump in blindly. These levels are just a starting point. Always check for confirmation from other indicators or chart patterns. 2. Spotting Divergences. Divergences happen when the RSI and the price move in opposite directions—a powerful signal that something is about to change. Bullish Divergence: The price makes a lower low, but RSI makes a higher low. This suggests that selling pressure is weakening, and a reversal to the upside may be coming. Bearish Divergence: The price makes a higher high, but the RSI makes a lower high. This indicates that buying momentum is fading, and a downturn could be near. Divergences often occur before major reversals, giving you a chance to prepare for your next move. Why RSI Deserves a Place in Your Toolkit The Relative Strength Index is more than just a line on your chart—it’s a window 🪟 into the market’s psychology. It helps you see when traders are getting too greedy or too fearful, giving you the edge to act decisively. But remember, no indicator works in isolation. Pair RSI with other tools, adapt it to different market conditions, and always trade with a plan. So, traders, how do you use RSI in your strategy? Do you rely on it for entries and exits, or do you combine it with other tools? Let’s discuss it!
WHITEBIT:BTCUSD
by WhiteBIT
47
Nasdaq - It All Comes Down To This Month!Nasdaq ( TVC:NDQ ) is at a crucial breakout level: Click chart above to see the detailed analysis👆🏻 The Nasdaq rallied an incredible +25% over the past couple of months and is now actually also breaking a major resistance trendline towards the upside. This could still turn into a false breakout but if it doesn't, we will most likely see a flourishing stock market year of 2025 Levels to watch: $21.000, $28.000 Keep your long term vision, Philip (BasicTrading)
TVC:NDQLong
by basictradingtv
17
S&P500 5 month Channel Up bottomed. Bullish reversal started.S&P500 / US500 is trading inside a Channel Up since the August 5th bottom. Wednesday's Fed fueled correction crossed under the 1day MA50 but stabilized yesterday and today found support over the 1day MA100 and rebounded. This low is very close to the bottom of the Channel Up and the 1day MA100 was the level that supported the early September pull back. The 1day RSI is also reversing, and the 3 times it posted a similar pattern inside the Channel Up, it was a bottom. Buy and target 6200 (+7.10% from the bottom). Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US500Long
by TheCryptagon
Technical Analysis of NIFTY Index - 30-Minute TimeframeDouble Top Pattern: The chart shows a double top pattern (marked as "Top 1" and "Top 2"), which is a bearish reversal pattern. The neckline for this pattern has been broken, confirming bearish momentum. The pattern suggests that the uptrend has reversed, leading to a downward move. Falling Wedge Pattern: After the double top, the index has formed a falling wedge, which is typically a bullish reversal pattern. The price has broken out of the falling wedge, signaling the potential for a short-term bounce. Targets: Immediate Upside Target: The breakout from the falling wedge suggests a potential recovery toward 24,200–24,300. Downside Target: If bearish momentum resumes, the index could move toward 23,500 as marked on the chart. Volume Analysis: The breakout from the falling wedge is accompanied by a slight increase in volume, which supports the bullish case. However, sustained volume is needed for the uptrend to continue. Support and Resistance Levels: Support: Immediate: 23,800 Stronger: 23,500 Resistance: Immediate: 24,200–24,300 Extended: 24,500 Moving Averages: The index is currently trading near its short-term moving averages, which could act as dynamic resistance. A breakout above these levels would confirm further bullish momentum. Fundamental Analysis of NIFTY Index Macroeconomic Environment: Global Factors: Uncertainty in global markets, including rising interest rates and geopolitical tensions, have added to the volatility in Indian markets. Domestic Growth: India's economy continues to grow steadily, supported by strong consumer demand, government infrastructure spending, and a robust services sector. Sectoral Performance: IT and Pharma: Defensive sectors like IT and Pharma have seen relative strength amid global uncertainties. Banking and Financials: Despite some recent corrections, banking and financial services continue to drive the index, supported by rising credit growth and strong results from private banks. Metals and Energy: Global commodity prices and demand from China remain key drivers for metals and energy stocks. Corporate Earnings: Indian corporates have shown resilience with steady earnings growth, particularly in the FMCG, banking, and auto sectors. However, margin pressures persist in some sectors due to higher input costs. Valuation: NIFTY's valuation remains slightly stretched compared to historical averages, suggesting room for further correction. However, strong long-term growth potential keeps the outlook positive. Key Risks: Rising interest rates globally could tighten liquidity. Any further escalation in geopolitical tensions or slower global growth could impact market sentiment. Conclusion: Technical Outlook: NIFTY has formed a double top, confirming bearish momentum, but a breakout from the falling wedge offers a short-term bullish opportunity. Upside Targets: 24,200–24,300 Downside Risk: 23,500 (if bearish momentum resumes) Fundamental Outlook: India’s economic fundamentals remain strong, supported by consumer demand and government spending. While the market faces short-term headwinds, the long-term outlook remains positive, making this an opportunity to accumulate quality stocks during corrections.
NSE:NIFTY
by TheWealthyInvestorbyDSAB