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Nightly $SPY / $SPX Scenarios for April 17, 2025🔮 🔮 🌍 Market-Moving News 🌍: 🇪🇺 ECB Expected to Cut Rates Amid Trade Pressures: The European Central Bank is anticipated to reduce its deposit rate by 25 basis points to 2.25% during its meeting on April 17. This expected move aims to counteract the economic impact of recent U.S. tariffs and a strengthening euro, which have contributed to disinflationary pressures in the eurozone. 📉 German Inflation Decline Supports Easing: Germany's inflation rate fell more than expected in March, dropping to 2.3% from 2.6% in February. This decline, driven by falling oil prices and a sluggish economy, bolsters the case for further interest rate cuts by the ECB. 🤖 AI Enhances ECB Policy Predictions: A study by the German Institute for Economic Research indicates that artificial intelligence significantly improves the accuracy of forecasting ECB monetary policy decisions. By analyzing ECB communications, AI models can better anticipate policy shifts. ​ 📊 Key Data Releases 📊 📅 Thursday, April 17: 🏠 Housing Starts (8:30 AM ET): Forecast: 1.420 million Previous: 1.501 million Indicates the number of new residential construction projects begun, reflecting housing market strength.​ 🏭 Philadelphia Fed Manufacturing Survey (8:30 AM ET): Forecast: 3.7 Previous: 12.5 Measures manufacturing activity in the Philadelphia region, providing insights into sector health.​ 📈 Initial Jobless Claims (8:30 AM ET): Forecast: 223,000 Previous: 223,000 Reports the number of individuals filing for unemployment benefits for the first time, reflecting labor market conditions.​ ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.​ 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by TrendTao
Nightly $SPY / $SPX Scenarios for April 15, 2025🔮 🔮 🌍 Market-Moving News 🌍: 🏦 Major Bank Earnings: Bank of America (BAC) and Citigroup (C) are set to report Q1 earnings before the market opens. BAC is expected to post an EPS of $0.81, while Citigroup anticipates $1.84. Investors will closely watch these reports for insights into the financial sector's health amid ongoing market volatility. ​ 💊 Healthcare and Consumer Goods Reports: Johnson & Johnson (JNJ) is also scheduled to release its earnings, with forecasts indicating an EPS of $2.57. These results will provide a glimpse into the performance of the healthcare and consumer goods sectors. 📊 Key Data Releases 📊 📅 Tuesday, April 15: 📈 Import Price Index (8:30 AM ET): Forecast: +0.1% Previous: +0.4% Measures the change in the price of imported goods, indicating inflationary pressures.​ 🏭 Empire State Manufacturing Survey (8:30 AM ET): Forecast: -10.0 Previous: -20.0 Assesses manufacturing activity in New York State, providing early insights into industrial performance.​ 🗣️ Fed Governor Lisa Cook Speaks (7:10 PM ET): Remarks may offer perspectives on economic developments and policy considerations.​ ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.​ 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYLong
by TrendTao
Weekly $SPY / $SPX Scenarios for April 14–17, 2025🔮 🔮 🌍 Market-Moving News 🌍: 🏦 Major Financial Earnings Reports: This week, investors will focus on earnings from prominent financial institutions, including Goldman Sachs, Bank of America, and Citigroup. These reports will provide insights into the financial sector's health amid recent market volatility. 📺 Tech and Healthcare Earnings: Key tech and healthcare companies such as Netflix, TSMC, and UnitedHealth Group are also scheduled to release earnings. Analysts will scrutinize these reports for indications of sector performance and future outlooks. 🏠 Housing Market Indicators: The release of housing starts data and a homebuilder confidence survey will shed light on the housing sector's response to recent economic conditions and tariff implementations. ​ 🇪🇺 European Central Bank Meeting (April 17): The ECB is expected to address recent tariff developments and may announce interest rate decisions in response to economic pressures. 📊 Key Data Releases 📊 📅 Monday, April 14: 🗣️ Philadelphia Fed President Patrick Harker Speaks (6:00 PM ET): Insights into regional economic conditions and monetary policy perspectives may be provided. ​ 🗣️ Atlanta Fed President Raphael Bostic Speaks (7:40 PM ET): Remarks may offer perspectives on economic developments and policy considerations. ​ 📅 Tuesday, April 15: 📈 Import Price Index (8:30 AM ET): Forecast: +0.1% Previous: +0.4%​ Measures the change in the price of imported goods, indicating inflationary pressures. ​ 🏭 Empire State Manufacturing Survey (8:30 AM ET): Forecast: -10.0​ Previous: -20.0​ Assesses manufacturing activity in New York State, providing early insights into industrial performance. ​ 📅 Wednesday, April 16: 🛍️ Retail Sales (8:30 AM ET): Forecast: +1.2%​ Previous: +0.2%​ Indicates consumer spending trends, a primary driver of economic growth. 🏭 Industrial Production (9:15 AM ET): Forecast: -0.2%​ Previous: +0.7%​ Measures the output of factories, mines, and utilities, reflecting industrial sector health. ​ 🏠 Homebuilder Confidence Index (10:00 AM ET): Forecast: 38​ Previous: 39​ Gauges builder sentiment in the housing market, indicating construction activity trends. ​ 📅 Thursday, April 17: 📈 Initial Jobless Claims (8:30 AM ET): Forecast: 223,000​ Previous: --​ Reports the number of individuals filing for unemployment benefits for the first time, reflecting labor market conditions. ​ 🏠 Housing Starts (8:30 AM ET): Forecast: 1.41 million Previous: 1.5 million​ Tracks the number of new residential construction projects begun, indicating housing market strength. ​ 🏭 Philadelphia Fed Manufacturing Survey (8:30 AM ET): Forecast: 3.7​ Previous: 12.5​ Measures manufacturing activity in the Philadelphia region, providing insights into sector health. ​ 🏦 European Central Bank Interest Rate Decision: The ECB will announce its interest rate decision, with markets anticipating a potential cut in response to tariff impacts. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.​ 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysi
AMEX:SPYShort
by TrendTao
15 April Nifty50 trading zone #15 April Nifty50 trading zone #Nifty50 #Toady #TCS #NIFTYBANK #options 99% working trading plan 👉Gap up open 22910 above & 15m hold after positive trade target 23020, 23180 👉Gap up open 22910 below 15 m not break upside after nigetive trade target 22690 ,22492 👉Gap down open 22690 above 15m hold after positive trade target 22910, 23020 👉Gap down open 22690 below 15 m not break upside after nigetive trade target 22492, 22330 💫big gapdown open 22492 above hold 1st positive trade view 💫big Gapup opening 22022 below nigetive trade view 📌 Trade plan for education purpose I'm not responsible your trade More education following me
NSE:NIFTYLong
by mayuraj_820
2
EuroDollar : When Does the Dust Settle? Tariffs 25'Rather quiet to begin the week as the EuroDollar remains unchanged during the Initial 3 sessions of the week. A "Doji" Daily Candle printed, informing us those of us more technically minded to write off the day's price behavior and look to preceding candles for indication of future direction. It is important to note the longer top wick of 38.5 pips versus the 23.5 pips bottom wick. We can observe yet another daily candle wicking into the Weekly level 1.087. This Price remains very important in the short term because it may facilitate a pullback on EurUsd to the downside. This follows a historic Week of volatility for the EuroDollar as Trumps Tariffs shook the markets to say the least. If we are considering Bullish targets for the week, Daily Level 1.093 , or even Daily Level 1.098 which would be the most generous for buyers. When fundamentals are this strong, it's more difficult to discount those larger, irrational moves that you see in the markets sometimes. So although one could argue how over-extended the EuroDollar is, we must remember the game we are playing. In Considering Bearish targets, a retest of Daily Support level 1.0786 seems reasonable. A Deeper retracement could see price around 1.0694 , the beginning of Last Tuesdays very clean bullish NY session. A pullback seems technically sound, considering the outlier and extent of last weeks upside move. Job Openings on Tuesday is the appetizer to the Inflation CPI data on Wednesday which will surely see some volatility rock these already rattled markets. CPI/Inflation is forecasted to Cool for the Dollar which technically supports more strength for the Euro and a further upside push for this pair. Please Leave a rocket or comment if you enjoyed this Analysis. Have a good trading week !
Long
by ShrewdCatfx
2
Nightly $SPY / $SPX Scenarios for April 9, 2025🔮 🔮 🌍 Market-Moving News 🌍: 🇺🇸📈 Implementation of New U.S. Tariffs: As of April 9, the U.S. has imposed a 104% tariff on Chinese goods, escalating trade tensions and raising concerns about a potential global economic slowdown. 🛢️📉 Oil Prices Decline Sharply: In response to escalating trade tensions, oil prices have fallen nearly 4%, reaching their lowest levels since early 2021. Brent crude dropped to $60.69 per barrel, while West Texas Intermediate (WTI) declined to $57.22. 📊 Key Data Releases 📊 📅 Wednesday, April 9: 📦 Wholesale Inventories (10:00 AM ET): Forecast: 0.3%​ Previous: 0.8%​ Indicates the change in the total value of goods held in inventory by wholesalers, reflecting supply chain dynamics.​ 🗣️ Richmond Fed President Tom Barkin Speaks (11:00 AM ET): Remarks may shed light on economic conditions and policy perspectives.​ 📝 FOMC Meeting Minutes Release (2:00 PM ET): Provides detailed insights into the Federal Reserve's monetary policy deliberations from the March meeting.​ ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.​ 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by TrendTao
Weekly $SPY / $SPX Scenarios for April 7–11, 2025🔮 🔮 🌍 Market-Moving News 🌍: 🇺🇸📈 New U.S. Tariffs Begin April 9: Trump’s “Liberation Day” tariffs — 10% on all imports, 25%+ on key sectors — could stir volatility. 🇨🇳📦 China Retaliates April 10: A 34% retaliatory tariff on U.S. goods raises trade war fears and inflation concerns. 🏦💰 Big Bank Earnings Kick Off: JPMorgan, Wells Fargo, and BlackRock will report. Markets will watch closely for financial health signals. 📉📊 March CPI Report Coming April 10: Inflation data could sway the Fed’s rate path. Forecasts call for a 0.1% increase. ⚠️ Volatility Alert: Piper Sandler projects a possible 5.6% move in the S&P 500 this week — up or down. 📊 Key Data Releases 📊 📅 Monday, April 7: 🗣️ Fed Gov. Kugler Speaks (10:30 AM ET) 💳 Consumer Credit (3:00 PM ET) — Forecast: $15.5B | Prev: $18.1B 📅 Tuesday, April 8: 📈 NFIB Small Biz Optimism (6:00 AM ET) — Forecast: 100.7 🗣️ Fed’s Mary Daly Speaks (8:00 AM ET) 📅 Wednesday, April 9: 📦 Wholesale Inventories (10:00 AM ET) — Forecast: 0.4% | Prev: 0.8% 🗣️ Fed’s Barkin Speaks (11:00 AM ET) 📝 FOMC Minutes (2:00 PM ET) 📅 Thursday, April 10: 📉 Jobless Claims (8:30 AM ET) — Forecast: 219K 📊 CPI (8:30 AM ET) — Forecast: 0.1% | Prev: 0.2% 🗣️ Fed Gov. Bowman Testifies (10:00 AM ET) 📅 Friday, April 11: 🏭 PPI (8:30 AM ET) — Forecast: 0.2% | Prev: 0.0% 🗣️ Fed’s Musalem Speaks (10:00 AM ET) ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by TrendTao
BULLISH RSI DIVERGENCE ON NINTENDO? SWITCH 2 RELEASE DATE BELOW!Nintendo (NTDOY), the Kyoto based home entertainment company known for games like Mario, recently announced the release date of its new video game console: the Nintendo Switch 2. According to Nintendo they hope to have the system released by June 5th 2025 for customers. A bullish divergence has formed on the 1 hour chart. Will this provide investors with a bullish opportunity, or will Trump Tariff's keep this stock's costs from rising? Disclaimer: Not financial advice.
OTC:NTDOY
by TRADEABLESKUNK
Non-Farm Payrolls – April 4: The key market driver!On Friday, April 4, 2025 at 3:30 PM EET, the U.S. Department of Labor will release one of the most anticipated macroeconomic reports — the Non-Farm Payrolls (NFP). This figure reflects the change in the number of jobs in the non-farm sector and is a crucial indicator of economic health. Strong numbers suggest economic expansion and may prompt the Fed to tighten monetary policy, while weak data could strengthen expectations of rate cuts — impacting stocks, the U.S. dollar, bonds, and commodities. Historically, NFP reports have triggered significant market reactions, with sharp movements depending on the actual data versus expectations. Analysts forecast a moderate job gain, indicating a slowdown compared to recent months. The release comes amid uncertainty linked to new tariffs introduced by President Trump, which may affect business confidence and consumer spending. Investors are closely watching for signals on the economy’s direction and potential Federal Reserve actions. How could NFP impact the markets? • Stock market: Weak data could stoke recession fears, pressuring equities, especially in cyclical sectors. However, if seen as a reason for Fed easing, markets may rebound. • U.S. Dollar: A disappointing report might weigh on the dollar as investors adjust their rate expectations. Strong figures, on the other hand, would support USD. • Bonds: Slower job growth could drive demand for U.S. Treasuries, pushing yields lower. • Gold: In case of weak data, gold may rally as a safe haven amid rising expectations of looser monetary policy. Economists expect a job gain of around 140,000, lower than previous figures — a scenario that could increase market volatility. Get ready for big moves!
SAXO:XAUUSD
by Fresh-Forexcast2004
ETH PoV - 1.600$? Ethereum is going through a phase of challenges and opportunities, with its current price approaching the target i've set for a potential purchase of $1600. In recent months, Ethereum has faced a significant price correction, with Ether's value dropping by about 40%, largely due to the growing competition from other blockchains like Solana and Cardano, which are gaining popularity due to their speed and low transaction costs. Additionally, the rise of memecoins and recent developments in the cryptocurrency regulatory landscape have shifted attention away from Ethereum, while other cryptocurrencies, such as Bitcoin, seem to enjoy greater favor among investors. Internally, Ethereum is still facing delays and challenges related to technical updates, as well as some tensions within the developer community, which has made it harder to maintain market leadership. The decision not to acquire Ether for a U.S. cryptocurrency reserve by the Trump administration has also disappointed many investors, fueling outflows from ETFs invested in Ethereum. Despite these difficulties, long-term prospects for Ethereum remain positive. In fact, some analysts suggest that if demand and supply stabilize, and if Ethereum can overcome internal challenges and effectively respond to competition, it could reach new all-time highs, with a target potentially surpassing $5000 in the next 12 months. This scenario is supported by the continued interest in ETFs that invest in Ether, the expansion of its network, and improvements in regulations, which could further incentivize institutional and retail adoption. Ultimately, while there are risks to consider, investing in Ethereum could be highly rewarding in the long term, with the possibility that the cryptocurrency could recover ground and set new value records in the next 12 months. Achieving a $5000 target, however, will depend on Ethereum's ability to innovate, address internal issues, and navigate the evolving regulatory landscape, but if it can maintain its central role in the cryptocurrency ecosystem, it may continue to grow significantly.
VANTAGE:ETHUSD
by Generazione_X
2
NAS100USD Buy Idea: Bullish Momentum Targets 20705🚀 OANDA:NAS100USD Buy Idea: Bullish Momentum Targets 20705 💹 - 24h expiry OANDA:NAS100USD - We look to Buy at 20025 Stop Loss: 19825 Target 1: 20705 Target 2: 20730 Resistance: 20234, 20705, 20730 Support: 20025, 19423, 19125 Technical Setup: 📈 Continued upward momentum from 19424 resulted in the pair posting net daily gains yesterday . ⚠️ Overbought extremes indicate scope for mild selling at the open, but losses should remain limited . 🔑 Medium-term bias remains bullish . 🏁 Key resistance level at 20705 . 📰 News Sentiment 📊 Recent sessions show a bullish uptick in News Sentiment (Red Line), aligning with the price movement (Blue Line). 🌟 Positive sentiment (Red Line) is extending higher, suggesting further upside potential in the short term. Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:NAS100USDLong
by OANDA
$XRP Eyes $10 as SEC Case ClosesAnalysts predict that XRP CRYPTOCAP:XRP could reach $10 by 2030 after the SEC officially dropped its lawsuit against Ripple. Ripple CEO Brad Garlinghouse confirmed that the regulator will not appeal the court’s decision, marking the end of the legal battle that began in 2020. As of March 24, 2025, XRP CRYPTOCAP:XRP trades at $2.46, up 2.17% in the past 24 hours, with a market cap of $143.29 billion. Despite bullish prospects, challenges remain. Market volatility and competition from Ethereum and stablecoins could slow growth. Analysts at InvestingHaven believe XRP’s success depends on Ripple’s network expansion, though crypto market instability remains a key factor. While a 306% rise to $10 by 2030 seems feasible, today’s market is less competitive than in 2017 when XRP CRYPTOCAP:XRP surged 64,000%. Investors are closely watching regulatory changes and macroeconomic conditions that could impact the coin’s future trajectory.
Long
by paul_endeo
$XRP Adds $100 Billion to Its Market Cap in a YearShort-term charts depict XRP CRYPTOCAP:XRP as highly volatile and, at times, disappointing. Despite favorable external factors, the token has gained only 14.96% over the past year. However, the long-term outlook tells a different story—XRP is up 277.50% year-over-year and 385.54% since Donald Trump's pivotal re-election. XRP’s market capitalization reflects this surge, skyrocketing by approximately $107.6 billion from $34.7 billion to $142.34 billion. The impact of Trump’s November victory is even more pronounced, with XRP’s market cap jumping $113.7 billion from 28$28.6 billion since November 5. Most of these gains occurred before January 20, when the most crypto-friendly president in history took office, and SEC hardliner Gary Gensler stepped down—marking a turning point for regulatory sentiment toward digital assets.
Long
by paul_endeo
Nightly $SPY / $SPX Scenarios for March 21, 2025 🔮 🔮 🌍 Market-Moving News 🌍: 🇯🇵📉 Japan's Inflation Data Release 📉: Japan will release its inflation figures for February on March 21. Analysts expect a slight decrease in the Consumer Price Index (CPI) from January's 4.0% to approximately 3.5%. This data could influence global markets, including the U.S., as it may impact the Bank of Japan's monetary policy decisions. ​ 📊 Key Data Releases 📊: 📅 Friday, March 21: 🛢️ Baker Hughes Rig Count (1:00 PM ET) 🛢️: Previous: 592 rigs​ This weekly report provides the number of active drilling rigs in the U.S., offering insights into the health of the oil and gas industry. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult with a professional financial advisor before making investment decisions.⚠️​ 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by TrendTao
1
Nightly $SPY / $SPX Scenarios for March 20, 2025🔮 🔮 🌍 Market-Moving News 🌍: 🇨🇳🏦 People's Bank of China (PBOC) Interest Rate Decision 🏦: On March 20, the PBOC will announce its latest interest rate decision. While specific expectations are not detailed, any adjustments could influence global markets, particularly in the Asia-Pacific region. ​ 🇬🇧🏦 Bank of England Interest Rate Decision 🏦: The Bank of England is scheduled to announce its interest rate decision on March 20. Analysts anticipate that the central bank will maintain the current rate at 4.5%, following a recent reduction. This decision will be closely watched for its implications on the UK economy and global financial markets. ​ 📊 Key Data Releases 📊: 📅 Thursday, March 20: 📉 Initial Jobless Claims (8:30 AM ET) 📉:This weekly report indicates the number of individuals filing for unemployment benefits for the first time, providing insight into the labor market's health. Forecast: 225,000​ Previous: 220,000​ 🏭 Philadelphia Fed Manufacturing Index (8:30 AM ET) 🏭:This index measures manufacturing activity in the Philadelphia Federal Reserve district, with positive numbers indicating expansion. Forecast: 10.0​ Previous: 18.1​ 🏠 Existing Home Sales (10:00 AM ET) 🏠:This data reflects the annualized number of previously constructed homes sold during the prior month, offering insights into the housing market's strength. Forecast: 3.95 million annualized units​ Previous: 4.08 million annualized units ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult with a professional financial advisor before making investment decisions.⚠️​ 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by TrendTao
$4 to $16 with power hour making +60% run $10 to $16It was consolidating for 4 hours after morning news that investor or group purchased at least 5% stake in the company and filled with SEC. This made the stock pop to +150% on the day as traders speculated it could be a big reputable firm or individual so they want to be in as well. After strong support it moved further to +300% area total on the day and I warned everyone on time to get ready for $10 and $11 buys for the vertical new highs. Last hour brought easy money NASDAQ:RGC
NASDAQ:RGC
by ProfitTradeRoom
U.S. Dollar Index (DXY) – Key Technical Levels & Market OutlookU.S. Dollar Index (DXY) Monthly Chart Analysis 📊💵 The U.S. Dollar Index (DXY) is currently navigating a critical price structure, with key supply and demand zones influencing market direction. Here’s a professional breakdown of the chart’s technical outlook: 📍 Key Technical Insights ✅ Supply & Demand Zones Supply Zone (Resistance): 109 - 114 📈 – A key area where selling pressure has historically emerged. A decisive breakout above this level could signal further upside potential. Demand Zone (Support): 100 - 103 📉 – A strong accumulation zone where buyers have stepped in previously. A breakdown below could indicate a shift in market sentiment. ✅ Market Structure & Momentum A Break of Structure (BOSS) has been identified, signaling a shift in trend dynamics. The market is currently ranging between major resistance (~109) and support (~100). ✅ 200-Month Moving Average 📊 The long-term moving average (red line) is acting as dynamic support, reinforcing the bullish bias unless decisively breached. 📊 Potential Scenarios 🔹 Bullish Outlook: If DXY maintains support above 100-103 and breaks past 109, the index could aim for 114+ in the coming months. 🚀 🔹 Bearish Risk: A sustained drop below 100 may open the door for further downside towards 95-89, signaling a broader correction. ⚠️ 📌 Conclusion The DXY remains in a consolidation phase, with key inflection points around 103 (support) and 109 (resistance). A breakout or breakdown from this range will determine the next major trend. Traders should monitor these levels closely for potential trading opportunities.
TVC:DXYLong
by MrStellanSight
TradeCityPro | XRP: Key Levels After Major Market News👋 Welcome to TradeCity Pro! In this analysis, I want to review XRP, one of the most significant coins in the market. Yesterday, a major news update was released about XRP, and with a market cap of $156 billion, it currently ranks 3rd on CoinMarketCap. 📰 Important News Update Before starting the analysis, let’s go over the major news regarding this project. Yesterday, former U.S. President Donald Trump tweeted that he plans to add a crypto reserve to the U.S. Treasury, stating that major cryptocurrencies like BTC, ETH, SOL, ADA, and XRP would be purchased by the U.S. Treasury. ✅ This is extremely bullish news for the market. As we saw yesterday, Bitcoin made a strong, sharp move, and the altcoins listed in the announcement also experienced massive price surges. For example, XRP surged by 30% following the news. 💥 I will discuss Bitcoin and other coins in future analyses, so make sure to check out today’s Bitcoin analysis, where I’ll also cover long-term scenarios. 📅 Weekly Timeframe On the weekly timeframe, as seen on the chart, after bouncing along the ascending trendline, XRP confirmed its breakout above $0.73056, which initiated the main bullish leg, pushing the price up to $3.06717. 🧩 $3.06717 is the all-time high (ATH) and a major supply zone.If XRP can hold above this level, the next bullish leg could begin. ✨ In the event of a correction, the only key support visible on the weekly timeframe is $1.67220. For further support levels, we need to analyze lower timeframes. 🔍 The RSI oscillator has exited the overbought zone and returned to normal levels.If RSI re-enters overbought conditions, the bullish scenario becomes more likely. 📅 Daily Timeframe On the daily timeframe, the first key observation is a strong bearish divergence on the RSI, which formed as price moved sideways inside the range between $2.02967 and $3.30467. ⚡️ The trigger for this divergence is a break below $2.02967, which has not yet happened. Looking at market volume, after the $0.72448 breakout, volume significantly increased. However, volume has been gradually decreasing since the formation of the range. 📊 A drop in volume before a breakout often signals that a breakout is approaching.If volume continues to decline, be prepared for a potential breakout and enter positions accordingly once triggers are confirmed. 📉 If the range breaks downward, and the PRZ at $2.02967 is lost, XRP could enter a deeper correction toward key Fibonacci levels such as 0.382, 0.5, and 0.618. 💫 These three Fibonacci levels are strong support zones, which could prevent a further sell-off. 📈 On the bullish side, if the range breaks to the upside, a new bullish leg will begin, pushing XRP toward higher targets.If this bullish breakout happens, I will update the analysis with potential new targets. ⏳ 4-Hour Timeframe Let’s now analyze the 4-hour timeframe and identify futures trading triggers. 🔍 After the drop from the $3.36021 peak, the price reached the bottom of the range, and market volume significantly decreased.This signaled that a major move was approaching. 🔑 As seen on the chart, the release of the U.S. Treasury Crypto Reserve news triggered an explosive move, pushing XRP up to $2.95244. 🔽 For futures trading, the closest short trigger is a break below $2.30010.For earlier short entries, we need to wait for a new structure to form. 🛒 For long positions, if $2.95244 is broken, a long entry can be considered.The main resistance for spot buying and the key long position trigger is at $3.36021. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the com
BITSTAMP:XRPUSDLong
by tradecitypro
32
USDJPY - Longterm viewHere is our in-depth view and update on USDJPY . Potential opportunities and what to look out for. This is a long-term overview on the pair sharing possible entries and important Key Levels . Alright first, let’s take a step back and take a look at USDJPY from a bigger perspective. For this we will be looking at the H4 time-frame . USDJPY is currently trading at around 149.000s . We are still extremely bearish on FX:USDJPY since our last longterm analysis was completed: Scenario 1: SELLS from 148.200 -We broke below the downtrend channel. With the break of the downtrend channel we can expect more sells to come and we should continue the bearish trend on USDJPY slowly digging into lower levels potentially reaching our target of 145.000. Scenario 2: SELLS from 151.250 -We above the downtrend channel - 149.900. If we above our downtrend channel we can expect some short-term buys up to our main Key Level or PBA (Pullback Area) from where we can look to enter into the long-term sells. IMPORTANT KEY LEVELS: - 151.250; possible pullback area - 148.200; breaks below confirming lower levels - 145.000; longterm target (prices from Aug-Sep 2024) Personal opinion: We are currently trading in a downtrend channel and we are expecting more sells to come throughout the next weeks. We do have to be careful as TVC:DXY and TVC:JXY might experience some volatility tomorrow due to the following news: JXY: Tokyo Core CPI y/y DXY: Core PCE Price Index m/m KEY NOTES - USDJPY breaking above 149.900 would result in higher pullbacks. - USDJPY breaking below 148.200 (below the downtrend channel) would confirm sells. - USDJPY is overall extremely bearish. Happy trading! FxPocket
Short
by FxPocket
1