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EUR/USD:SELL From Sideways Area Waiting US Economic Data SHORT ⚡EUR/USD is still inside a sideways area where the price can start a new bearish rally. In the daily timeframe, the price seems to make a double Top / Pullback after the raising of the last sessions, and Today the economic news, in detail, the Key events USA – GDP (QoQ) (Q3) and the USA – Initial Jobless Claims can give a new boost for the USD to recover the decline of the lasts sessions. We are Looking for a Bearish Setup for EUR.
Short
by FOREXN1
11
GOLD:SELL BAT Pattern Double TOP Resistance SHORT Setup ⚡️GOLD possible Short Setup with formation BAT Pattern in area 1820.00 with possible double TOP on this resistance level. The stochastic is also in the overbought scenario and our forecast is Bearish. Today the Economic news will be crucial to understand the next movements of this metal. Key events: Canada – Core CPI (MoM) (Nov) USA – CB Consumer Confidence (Dec) USA – Existing Home Sales (Nov) USA – Crude Oil Inventories
OANDA:XAUUSDShort
by FOREXN1
9
GBP/USD:SELL From 61.8% FIBO Bearish Channel SHORT Setup ⚡️The British Pound, following our yesterday forecast it's inside a bearish channel in the lower timeframe and a narrow/ sideways area in the higher. The price had a double rebound on the 61.8% Fibo inside the channel and today the US economic news may be crucial for all the pairs against USD to understand the next movement for the end of the year. Key events: Canada – Core CPI (MoM) (Nov) USA – CB Consumer Confidence (Dec) USA – Existing Home Sales (Nov) USA – Crude Oil Inventories
Short
by FOREXN1
8
BITCOIN 30 MIN BREAKDOWNGreetings dear traders, have a nice day Yesterday and today there was low volatility on Bitcoin which may again change the end of the weekend and the beginning of the new week in the Asian session when we see crucial short-term moves and trend setting lately Interesting on the chart for me at the moment is only one level $16945 where the short term will be decided, I would like to open short to $16500 to $16400 on a close below and there a continuation of the uptrend that is giving us the current sentiment would be much more logical
Long
by Crypto-Frantisek
9
Toncoin Eyes $3 But RSI Sets Record for Most Overbought Reading Telegram's Toncoin (TON) may be leading in crypto market gains, but its daily Relative Strength Index (RSI) is currently at the most overbought reading in its history. However, as the TON price is battling the middle of an ascending channel, a breakthrough could expose the upper channel resistance trendline, which aligns with the $3.00 psychological level. RSI Overbought As of December 15, the daily RSI stands at 84.96, which marks the highest point ever on the daily chart and is well above the classic overbought reading of 70. The previous highest RSI reading was recorded earlier this year on October 26. During the previous run in October, TON's price was also testing the middle of the ascending channel, just like today's price action. At that time, after TON reached the RSI overbought signal, its price sold off to retest the bottom of the channel. TON Ascending Channel From a technical perspective, TON's price action is moving inside an ascending channel, which can guide future price movements. If we project to the upside of the same price range we experienced between the middle of the channel and the channel's support, then we could expect a 61% rally. A rally of this magnitude would send TON's price to the top of the channel, right around $3.00. Looking forward: Prices in the middle of the channel, between $2.50 and the $2.00 were once key resistance levels, but now act as support levels. These are the prices to watch on the way down.
by cryptohopper
3
EUR/USD:SELL From Breakout Trendline and PMI Data <50 pt SHORTEUR/USD yesterday the positive news about the USD Unemployment Claims pushed the EUR downwards and today the price may continue to drop more after the breakout of the dynamic trendline to the 1.0500 value. Today the S&P Global Composite PMI shows a value below 50 points showing contractions of private sector manufacturing and services companies. Following the economic data plus the technical analysis scenario, we are looking for a new bearish impulse by the EUR.
Short
by FOREXN1
12
GOLD:BUY From Support Area For a New Pullback LONG Setup GOLD after the solid Drop of Yesterday Today's price may recover value from the resistance area with a new bullish impulse in the direction of the main trend, bullish. Also, the price may be affected by the release of the US Initial Jobless Claims and the Retail Sales MoM, and the Core Retail Sales m/m that shows a decrease in the total sales value at the retail level. Our forecast is about an increase of the value from the discount price in this area with a recovery of value by the GOLD.
OANDA:XAUUSDLong
by FOREXN1
9
USD/JPY:SELL From Resistance Area FIBO Level SHORT Setup USD/JPY yesterday had a solid reaction to the FOMC release news with a bullish impulse. Today's price may be affected by the release of the US Initial Jobless Claims and the Retail Sales MoM and the Core Retail Sales m/m that shows a decrease in the total sales value at the retail level. Technical Analysis shows the price in a resistance Area in confluence with Fibonacci levels where the value can have a change of direction. The Main trend is still Bearish from our point of view. Looking for a Short setup.
Short
by FOREXN1
7
GOLD:BUY From Support Level For A New LONG Setup GOLD as EUR/USD ( Both Strongly correlated ) take advantage after the bad news released yesterday for the USD with a strong bullish impulse as predicted. Today the Market is in pullback waiting for the release of FOMC Economic Projections, USD FOMC Statement, USD Federal, and the USD FOMC Press Conference. The bias is about a new bullish impulse for the GOLD and a Bearish momentum for all the USD pairs and correlated. Technically GOLD it's inside a Bullish trend and the price today is retesting the support inside the Fibonacci levels of 38.2% and 50%. Today the GOLD value may take again advantage of today continuing with another Long impulse from the support area.
OANDA:XAUUSDLong
by FOREXN1
15