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Neutral

USDJPY - Neutral Pre US Inflation DataUSDJPY has dropped since it's recent highs above 116 on the back of a weaker than anticipated payroll Friday with 199K jobs added in December vs 400K expected. The FED had indicated at last Wednesday's meeting that it would reduce the balance sheet sooner causing yields to rise strengthening the US dollar. This is largely due to the FED's fears of rising inflation therefore we will await inflation data for December on Wednesday. We hold a neutral view whilst the currency pair is below resistance at around 116 as we await further developments including news from the Bank of Japan which indicated it is likely to start tapering it's corporate debt purchases.
by KQMarkets
Bullish Case, Bearish CaseI'm currently Neutral on BNB as there is no obvious entry here for the way I trade. However, I can see reasons to be both bullish and bearish. Bullish Case: BNB may be completing the Handle of a C&H pattern. The Cup isn't exactly pristine, but that might just be a casualty of charting against a volatile asset (BTC). Consider a high-risk/high-reward smaller long position here. Bearish Case: BNB is ranging and it's recently bounced off the top of the range. Sell pressure *could* push BNB back down to the bottom of the range. Either way, I'm on the sidelines here until I see a more interesting entry. Good luck and Happy New Year! :)
by mercury_rising
1
Sunday Analysis: Neutral on AUDUSDLast mark up didn't go as planned, but lets see how this goes. Daily - Price has been making higher highs and higher lows as well as trading within a POSSIBLE channel. 4HR - The channel is still holding up that I drew from last week. We can see a closer look of price breaking and retesting the daily S/R zone. Wouldn't be surprised if it keeps pushing up some (since it's still trading over our 200MA and 50SMA with also signs of a cross from the two), BUT I want to watch and see the next couple candles I get before jumping in for a buy. 1HR - Not seeing much of a pattern I like. Overall: NEUTRAL
by rokoro2
EURUSD - Neutral Post US Inflation DataEURUSD found support at 1.12 and rebounded from it's strong downtrend since the end of May. However, the 20 day MA at 1.13 is still below the 50 day MA at 1.14 and 100 day MA at 1.15. Additionally, US data released today indicated that inflation is still rising with the Core PCE Price Index YoY at 4.7% vs 4.5% forecast. Rising inflation increases the likelihood of the FED raising rates in 2022 as indicated in the most recent FED meeting, whist the ECB has only indicated it will reduce stimulus in 2022. Therefore, we hold a neutral view as we expect the downtrend will continue but we would first want the currency pair to breach support at 1.12.
by KQMarkets
Warm your brains and observe dataHello everyone In this scenario price at NZDUSD currency pair haven't confirm any fact, but it's good to have NZDUSD in our minds. This pair might be good for trading later, we just need more data, more facts, before we hit a button for buy/sell. At the moment NZDUSD currency pair is in bearish trending and bearish territory. One interesting thing at this pair is that bulls confirm lower low level at the last swing 0.67409 where they got stable and probably they're are not letting bears to get away so easily. This explanation is mean for 4H timeframe. If we are following price from very start where last territory started, we can see strong bearish movement where red zone is marked. Things got complicated ones bulls snap back from confirmed lower low area at 0.67409. Price eventually reach up to 0.68190 new resistance level (buyers H1 higher high level). And here we go, we have one bearish movement on H4 timeframe and bullish movement on H1 timeframe. Bullish movement is now also observed for H4 timeframe, because price broke 0.67878 resistance level which was important for H4 bears. To sum this up, I want to tell you price is headed downside with possible sideway trading or price is going to reach buyers H1 higher high second time. at 0.68190 level. This will cause rangging on h4 timeframe. If bulls can hold that position, we have to count in our analysis daily timeframe to. Anyway, if price can broke 0.67409 support level, bearish side will continue trending. Do not miss GBPCHF analysis.
by EliteFxAcademy
BTC bearish till ChristmasAfter today's dip, BTC hit as low as 41.6K. The shock perfectly matched with the time for cash-out before year's biggest holiday. The market is now even more unexpectable after what happened today and would take at least few more days to have an overall picture of the trend and do a proper technical analysis. However, as I thought, BTC might still has a way to go down to at least around 40K. My advice is to anticipate the market movement for few more days before actually start trading, but if you had already opened one, panic selling is not the way and buying the dip is always an option.
BITFINEX:BTCUSD
by Bilguun0112
1
AMC - price is correctingThe price is in a corrective area right now. It can retrace a bit more as marked on the chart. 2 Possibilities : 1. The correction can either be a triangle (in this case, we can see an upside soon). 2. The correction will unfold into a zig zag and we can see more downside, before the price will start to go up again. In this chart, the second possibility is presented. The Content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Have a beautiful day! :)
NYSE:AMCShort
by YExplore