🚀⤴️⤴️GOLD FULLBACK 2100)⏫️hello trader’s what do you think about gold)
gold fullbacks support levels 2047)
Gold if breakoutdown and this weekend looks better news CPI trader’s 2047) support levels and gold mowing fullback 2100)resistance levels)my position 2047) lounges 2100)
key levels 2080
key levels 2090
key levels 2100
Gold finished the year at $2,063 an ounce, climbing more than 13% in 2023 for its first annual gain in three years, and logging a new record high within the year mostly supported by expectations that the major central banks will start cutting interest rates early next year.
After implementing an aggressive rate-hiking cycle that started in early 2022, the US Federal Reserve is now expected to begin easing as soon as next March amid signs that inflation in the US is cooling.
Moreover, heightened geopolitical tensions in the Middle East and the prospect of a prolonged war in Gaza spurred safe-haven demand for gold.
US SPX 500
⬆️🖼️. DOLLAR Index trade line bullish momentum analysis)⤴️⤴️Hello trader’s what do you think about DXY index )?
traders are looking 👀 a 4H tame frame 🖼️ trade line dxy hitting support levels and trade line now dxy bak up ⬆️ 102.381 to 102.573)
The dollar index fell to below 101 on Wednesday, the lowest in five months, as markets continued to position according to signs of cooling US inflation, and consequently, incoming rate cuts from the Federal Reserve.
Data released on Friday showed that the core PCE index, the Fed’s preferred inflation gauge, fell to 3.2% in November from 3.4% in October, coming in below forecasts of 3.3%.
Markets are now pricing in around a 90% chance that the central bank may start its cutting cycle by March.
The dollar traded close to multi-month lows against other major currencies, but has been gaining ground versus the Chinese yuan amid expectations that the People’s Bank of China would lower key rates next
⤴️⤴️GPBUSD) bullish on the market) analysis)🖼️🚀The dollar crept higher on the first trading day of the year as attention turned to economic data this week that may provide clues on the Federal Reserve's next moves, while bitcoin surged ahead of $45,000 for the first time since April 2022.
The dollar index
DXY
, which measures the U.S. currency against six rivals, fell 2% in 2023, snapping two years of gains. It was last at 101.44, up 0.059%, as investors weighed the prospect of the Fed cutting rates this year.
The dollar's ascent weighed on the Japanese yen
USDJPY
the most, with the Asian currency down 0.35% at 141.36 per dollar, having slid 7% in 2023.
Rescue teams in Japan on Tuesday struggled to reach isolated areas hit by a powerful earthquake on New Year's Day, with reports of more than 20 people dead in a disaster that toppled buildings and knocked out power to thousands of homes.
Markets are now pricing in an 86% chance of interest rate cuts from the Fed to start from March, according to CME FedWatch tool, with over 150 basis points (bps) of easing anticipated in the year.
"The question is when and how fast rate cuts will be delivered," Marc Chandler, chief market strategist at Bannockburn Global Forex, said in a note.
"Moderating price pressures and weaker growth impulses have seen the pendulum of market sentiment swing dramatically from the 'higher for longer' mantra of most of last year to pricing in aggressive easing" from central banks, Chandler said.
The focus now switches to a slew of economic data due this week, including the data on job openings and nonfarm payrolls. Minutes from the last Fed meeting in December are scheduled for release on Thursday and will provide insight into the central bankers' thinking around rate cuts this year.
"The positive sentiment from end-2023 may roll over into this week as all eyes turn to the U.S. jobs report on Friday," said Nicholas Chia, macro strategist at Standard Chartered.
At its December policy meeting, the Fed adopted an unexpectedly dovish tone and forecast 75 basis points in rate reductions for 2024.
That contrasted with other major central banks, including the European Central Bank (ECB) and Bank of England (BoE), which reiterated they will hold rates higher for longer.
Still, traders are pricing in 158 bps of cuts by the ECB this year, while the BoE is also expected to cut rates by 144 bps in 2024.
The euro
EURUSD
was down 0.13% to $1.103, inching away from the five-month peak of $1.11395 it touched last week. The single currency gained 3% last year, its first yearly gain since 2020.
Sterling
GBPUSD
was last at $1.2729, up 0.05% on the day, having clocked its strongest performance last year since 2017 with a 5% gain, although a weakening economy and election uncertainty make a repeat performance unlikely.
Elsewhere, the Australian dollar
AUDUSD
was up 0.35% at $0.68335. The New Zealand dollar
NZDUSD
was little changed at $0.63155.
The crypto world started the year with a bang, with bitcoin
BTCUSD
touching a 21-month peak of $45,532 on rising expectations that the U.S. Securities and Exchange Commission would soon approve exchange-traded spot bitcoin funds.
SPX500USD Will Fall! Short!
Please, check our technical outlook for SPX500USD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 4792.3.
Considering the today's price action, probabilities will be high to see a movement to 4745.2.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURUSD) bearish on the market) analysis)💥💯💯The US dollar fell against its major trading partners early Thursday ahead of a trio of economic releases at 8:30 am ET.
The third estimate of Q3 gross domestic product is scheduled for release at 8:30 am ET, at the same time as weekly jobless claims and the Philadelphia Federal Reserve's manufacturing reading for December.
Later, the Conference Board's leading indicators report for November is due at 10:00 am ET, followed by weekly natural gas stocks data at 10:30 am ET and the Kansas City Fed's manufacturing reading at 11:00 am ET.
A quick summary of foreign exchange activity heading into Thursday:
USDEUR
rose to 1.0982 from 1.0943 at the Wednesday US close and 1.0937 at the same time Wednesday morning. There are no EU data on Thursday's calendar but European Central Bank policy board member Philip Lane is scheduled to speak at 11:00 am ET. The next ECB meeting is set for Jan. 25.
GBPUSD
rose to 1.2663 from 1.2639 at the Wednesday US close and 1.2655 at the same time Wednesday morning. The UK CBI distributive trade survey showed expectations of a large contraction in retail spending in December, data released overnight showed. The next Bank of England meeting is scheduled for Feb. 1.
USDJPY
fell to 142.6838 from 143.5636 at Wednesday US close and 143.4100 at the same time Wednesday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Jan. 22-23.
USDCAD
fell to 1.3343 from 1.3368 at the Wednesday US close but was up from a level of 1.3338 at the same time Wednesday morning. Canada retail sales and average weekly earnings data for October are scheduled to be released at 8:30 am ET. The next Bank of Canada meeting is set for Jan. 24.
SPX500USD Will Go Higher From Support! Buy!
Please, check our technical outlook for SPX500USD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 4766.8.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 4805.8 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
Will the S&P500 Index Touch a New All-Time High(ATH)❗️❓📈Because the S&P500 Index is near an All-Time High(ATH), I decided to analyze this index for you and answer the question of whether the S&P500 Index can create a new All-Time High(ATH) or not.
🏃♂️The S&P500 Index has already managed to break the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and is moving near the 🟡 Price Reversal Zone(PRZ) 🟡 and Resistance lines .
🔔I expect two scenarios for the S&P500 Index:
The scenario of S&P500 Index falling to the broken 🔴 Resistance zone( $4,640-$4,540 ) 🔴 (as a pullback ) and rising again.
In the second scenario, the S&P500 Index falls to the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and continues falling to the Fibonacci levels that I marked for you in the chart. We saw a bull trap in this scenario.
🔔So, in general, I expect that the S&P500 Index will NOT be able to break 🟡 Price Reversal Zone(PRZ) 🟡and will decrease by at least ➖3% in the coming weeks.
S&P500 Index (SPXUSD),4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Uncanny resemblance noticed here on the SPX! Witchcraft much?Uncanny resemblance here! Break the highs, run the stops (4860-4900) finish wave 1 up... Top is in place this week or next week. RSI is 82+ and we in extreme greed, time, and price at that point will match wave 1.. #witchcraftmuch
Time of wave 2 and 4 also matches and they alternate between patterns/structures: i.e.: wave 2 is a flat correction and wave 4 was a zigzag!
VERY INTERESTING!!!!!!!!
S&P Short; Wave 5 target reached, RSI(7) pattern recognisedIn Summary:
1. We see 5 waves up and wave1=wave5, and it doesn't matter if it is a 1-2-3-4-5 or a W-X-Y-X-Z. The next move should be down.
2. RSI(7) crosses 88 and based on 3 other historical instances of similar preceding pattern, the next move should be down.
3. The risk-reward is better on the short side than the long side.
S&P500 TECHNICAL ANALYSISAs for S&P500 the index retested 4586.00 zone which presented some buying, as far as the long term trend for S&P 500 is bullish I will remain so and look to find buying opportunites only if the index trade above level 4588.00, but if the index break the level 4588.00 I will remain bullish but for me to take the trade I will want the index to trade above 4588.0 but for short positionsI want to see the 4544.00 level take out which for now it seems impossible but, nothing is impossible in trading, my t.p for long position will be @4640.00, which is more of a swing trade.
History is cyclical. So, read this. Bitcoin vs SP500——
Part 1
On the right is the S&P500 index (conditionally 1960-85 years). Bitcoin on the left.
Stocks used to be as much of a novelty as crypto is now. Facts first, opinions second.
Facts:
— 1965-70 years. Green zone
>>> Economic growth, more dollars, assets grow. But the war in Vietnam continues and world economic growth gradually stops.
>>> Now: 2019-21 very strong growth of the stock and crypto market due to dollar printing. Towards the end of the inflation problem and the war in Ukraine. The economy worsened.
— 1970-75 years. Purple zone
>>> The fight against very strong inflation begins. Oil crisis. The USA spends a lot of money on the war in Vietnam. The global economy is not growing (stagnant). Taxes are increasing.
>>> Now: The US and the EU are battling inflation, but it's not over yet. The USA spends a lot of resources to support Ukraine in the war. The global economy is not growing (stagnant). Taxes are increasing.
— 1975-85+ years. Orange zone.
>>> The end of the war. Inflation is still strong but improving. Tax reduction as a new policy of Reagan (USA). General improvement of the global economy.
NAS100USD: Check for support around 15978.3Hello traders!
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(DXY chart)
We need to see if it can be maintained by falling below 102.089.
-----------------------------------------
(SPX500USD chart)
(1M charts)
If it holds above 4419.8, it is expected to renew the new high (ATH).
(1W chart)
The key is whether it can receive support and rise in the 4478.4-4654.0 range.
(1D chart)
We have entered the previous high point box range, 4581.4-4754.4.
Accordingly, the key is whether it can be supported and rise above 4581.4.
The support range is the 4419.8-4478.4 range.
------------------------------------------------
(NAS100USD chart)
(1M charts)
We need to check whether it can rise above 16579.4, the upper point of the box section.
(1W chart)
We need to see if it can support and rise around 15978.3.
(1D chart)
The key is whether it can renew the new high (ATH) by receiving support around 15978.3 and above 16579.4, the upper point of the box section.
The support range for this is the 15090.3-15978.3 range.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
NAS100USD: Need to check if it can rise above 15978.3Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(DXY chart)
It shows a decline in the boundary range of 150.664-106.416.
However, there is a possibility that it will receive support and rise around 102.089, so you should watch it.
If it falls below 102.089, I think there is a high possibility that the investment market will become active.
We need to ensure that funds can flow into the investment market accordingly.
------------------------------------------------
(SPX500USD chart)
(1M charts)
The key is whether it can receive support and rise in the box section of 4104.1-4820.2.
(1W chart)
To do so, we need to check whether it can rise to the 4583.8-4654.0 range.
If not, you should check for support around 4478.4.
(1D chart)
The key is whether it can receive support and rise in the current box range of 4507.8-4578.3.
----------------------------------------------
(NAS100USD chart)
(1M charts)
We need to see if it can be maintained above 14880.8 and continue until 2025.
(1W chart)
The key is whether it can receive support and rise from the previous box range of 15167.4-16579.4.
The next period of volatility is expected to occur around the week of December 25th.
Accordingly, it is necessary to check whether the new high (ATH) can be renewed by falling below 13418.8 or rising above 16579.4.
(1D chart)
To continue the upward trend, the key is whether it can be maintained above 15816.4.
If it falls, you should check for support around 15551.2.
The HA-High indicator appears to be forming at the 15949.9 point.
Accordingly, it is necessary to check whether support is received around 15949.9.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
SPX500 to see a fakeout?US500 - Intraday
A Fibonacci confluence area is located at 4549.
Expect trading to remain mixed and volatile.
Due to an Ending Wedge formation, we continue to treat extended gains with caution.
The formation has a measured move target of 4507.
Bespoke support is located at 4465.
We look to Sell at 4573 (stop at 4598)
Our profit targets will be 4513 and 4493
Resistance: 4569 / 4575 / 4600
Support: 4545 / 4507 / 4465
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