🧠Short-Term EURUSD Sentiment🔥
According to the latest currency news headlines, short-term sentiment towards the Euro appears slightly downbeat against the US Dollar. While both economies face inflationary headwinds, recent data surprises have painted a relatively weaker picture for the Eurozone bloc.
German industrial orders came in lower than forecast in the latest monthly report, underscoring the challenges manufacturers continue to face from high energy costs and supply chain disruptions. Additionally, French GDP growth slowed more than anticipated in Q3, raising concerns that the second largest Eurozone economy may be slowing.
Comments from ECB officials at regional central bank conferences this week reiterated the bank's commitment to further tightening of monetary policy in the coming months. However, they maintained a cautious stance, stressing that future rate decisions will depend heavily on incoming economic data. This leaves the policy path somewhat uncertain compared to the more hawkish Fed.
In contrast, US jobless claims came in above expectations last week, pointing to underlying resilience in the labor market. This boosted views that the Federal Reserve remains on track to deliver another supersized 75 basis point rate hike at its November meeting. Fed speakers struck a firm tone that inflation must be cooled through forceful rate actions.
Looking at Eurusd technicals, downside momentum has held above 1.0300 for now. However, near-term rallies continue facing resistance below 1.0500 on cautious short-term sentiment. The outlook could brighten if upcoming Eurozone data surprises higher or there are signs inflation is moderating more quickly than expected. But for now, traders appear to favor positioning for dollar strength on a short-term basis.
Technical key aspects of the short term trend and best entry/exit strategy based on the analysis provided in the TradingView charts:
- The short term trend of EURUSD across the timeframes analyzed (weekly to 4H) remains bearish. Price action has been declining within descending resistance lines and channels.
- Best entry for short trades was suggested to be after a bounce from resistance levels or pullbacks from oversold/oversold levels on indicators like the BB bands. This reduces risk of entering at highs.
- Given volatility in currency pairs, optimal stop loss placement would be above recent swing highs or structural resistance levels, around 20-30 pips above entry to limit downside risk.
- Initial profit targets were identified as lower support levels, around 50-100 pips below entry. This provides a favorable risk-reward ratio of at least 1:2.
- Additional extended profit targets aligned with longer term analysis include monthly or weekly demand zones and support levels offered by structural patterns like descending channels over 100-200 pips lower.
- Traders are advised to exit parts of their position at initial targets and move stops to breakeven on the rest, as well as trail stops closer as the trade moves in their favor, to lock in profits and limit risks of unexpected reversals.
Short-term-trade
USDJPY I It will return to resistance Welcome back! Let me know your thoughts in the comments!
**USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
NIO respecting the trendline!I think we can see some mean regression in the next week. If NIO can break the resistance band at $15 we will see a rally to $20 as per deutsche banks predictions.
If not we can expect the downtrend to continue to $9.
If it reaches as low as $5-7 I will be scooping up a lot.
Good luck.
(Disclaimer : Not financial advice)
Axie created a triple bottomaxie triple bottom let's goooo. resistance and support marked on chart. will we make a run to ath? let's hope btc stays bullish. not a financial advisor do your own research. the king paves the way. always use low leverage. always use stop loss and have an exit strategy. good luck and like/follow if you liked my chart.
BTC/USDT on hedging support area @ 37800BTC/USDT on hedging support area @ 37800
Context :
After having penetrated 42500 trailing key bullish support - the recent setback reached 39700 alternative support before testing the 61,8% Fibo retracement at 37800 corresponding also to a classic A=C pattern( harmonic)
Clearly the market is questioning the behavior of the risk takers present in the Traditional market and crypto market by positionning the market at key hedging support on SNP500 and BTC
This kind of configuration is more bullish to be honest because it is the area where an intraday bearish trader on futur will take profit, because it is the inflection level to start a new recovery - however a fail to hold on this support will confirm an extension of the previous bearish trend to 28800 (Long-term strategic support)
Tactical to daily view (1 to 3 days - before next 3 weeks)
As long as 35800 remains key tactical/daily support and 37800/39800 is acting as entry levels (buy) the market is expected to bouncing off towards 42800 (1 to 3 days) - only a clear break above 42800 in daily close will open 51K
Else Breaking below 35800 key tactical support a last downside leg towards the strategic key support at 28800 will occur before starting the multi- weeks significant bullish run expected
Enjoy
Short AAPL - Target for double top yet to be achievedBe bearish on AAPL until it reaches the target price of 153 with the stop loss at all-time high.. RR is at 1:1, For an options trader, the best trade is to sell options at 180 range until the target is achieved. With earnings release in between spoiled my trade, but still good to hold until the target is achieved.
Buy the ATOM under certain conditionsLogic: short-term and long-term Support and resistance
If it hits the orange line, it means that it is likely to come up from the orange channel, and also because it has gone under the blue channel, then it is a sign that it will stabilize its position in the blue channel. So if it goes above the orange line, it will be bought and the profit and loss limit will be defined on the blue channel.
BTC DAILY EMA CORRECTIONS + SUPPORT ZONE ANALYSISMacro support zones come from the WEEKLY chart
Three outlooks for the BTC daily chart!
Green Outlook 1) Bullish continuation of trend with a future pullback into the upper macro support zone.
Red Outlook 2) A healthy bearish daily correction to the 25 & possibly wicking-off 50 EMA if volatile.
This appears to be the logical observation, so I have labelled this as a short-term shorting analysis.
Dark Red Outlook 3) Very bearish correction continues to the micro liquidity zone (41 - 44.5k estimated)
ALL CONTENT IS EDUCATIONAL. NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH.
Small pull back before heading back up.Okay lol, So it looks like my first analysis was correct and we are indeed either going to touch the first fib lvl or we may dip a little below it then kinda go up and down until we see a break out to either the upside or the downside (only see this scenario if bad news hits). So yeah, just HDLE if you bought in if you're waiting to reenter or even enter wait for it to reach the first fib or maybe just below it.
Copper Futures: Short-term trend bullish, long-term bearishPrice and MACD indicate convergence and the RSI doesn´t indicate overbought conditions. My bet is to go long in the short-term, but don´t expect the bulls to break through the resistance. The long-term downtrend is still strong and the highs of the MACD start to level off and will probably soon decline, indicating a trend reversal.
VF Investment can not be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
GOLD perfect short entry and weekly expectationGOLD perfect short entry and weekly expectation
--> Open position at 1702 support/resistance level what correspondate to the trend break-out (100% Fibo extension) and intersection of the globale weekly triangle pattern upside and gravity trend.
- First target 1681
- Second target 1671 (After Triangle break out with 2 candles in 15M timeframe!)
- Third target 1651 (After Triangle break out with 2 candles in 15M timeframe!)
- !! Stop loss for other targets: 1709*