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EURUSD InsightHello, dear subscribers! Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Last week, the U.S. Producer Price Index (PPI) for September was released, coming in below expectations. The September PPI remained flat at 0.0% month-on-month, while the core PPI rose by 0.1%, falling short of the 0.2% forecasted by the market. As a result, concerns over inflation, which had been heightened by the previously released September CPI, were somewhat alleviated by the PPI. This has strengthened the market's expectation for a 25-basis-point rate cut at the November FOMC meeting. Meanwhile, the Eurozone Manufacturing PMI remained in contraction territory at 44.8, below market expectations, further reinforcing the likelihood of a rate cut in October. Additionally, the Eurozone CPI showed a faster-than-expected decline in inflation, coming in at 1.8%, which has also fueled rate cut expectations. Upcoming key dates: - October 16: UK September Consumer Price Index (CPI) - October 17: Eurozone September CPI, ECB rate decision, U.S. September Retail Sales The EUR/USD pair is forming a short-term upward trend, but it has recently broken through the central trendline, suggesting a decline towards the lower trendline. As seen in the chart, a drop to the 1.08000 level is expected, followed by a rebound that could push the pair up to the 1.14000 level. However, with the ECB leaning towards monetary easing and rate cuts, we will keep a close eye on the possibility of the pair breaking below the 1.08000 level. If unexpected movements occur, we will quickly adjust our strategy.
Short
by shawntime_academy
BTCUSDT BULLSIH FLAG PATTERN BTCUSD weekly chart shows a bullish flag was formed and the price did not close below the 50 EMA .price formed a weekly candle with long wick and managed to close inside the channel and above 50 EMA which indicate that a strong bullish momentum was started followed by the bearish indecision candle due to market fear and greed's and uncertainty but its low was not below the 50% of the previous week. The the next weekly candle was showing strong bullish momentum again but the price is still below the POC and upper channel trend line and MFI is below the 50 level. If the price closes above 64628 and able to continue that for next seven days and as long as monthly MFI is above 50 level we will have a monthly bullish candle as a confluence. On a weekly chart , if the price manages to break up above the POC and the channel while MFI is above the 50 level then the uptrend will continues strongly . 21/50/100/200 EMA's shows that the bullish momentum is increasing . Upper Fib extension levels can be used as price target after breakout . Invalid On Chart Good LUck
Long
by Alpha_54321
Prepping for a EUR/USD squeeze given bearish sentimentEveryone wants to dunk on the euro and buy dollars right now, explaining why EUR/USD continues to grind lower. With signs of US economic exceptionalism evident again, the number of Fed rate cuts expected this cycle continues to dwindle just as the amount of easing from the ECB ramps up. USD looks great, EUR does not. But that’s now priced in, meaning we may need to see a continuation of those trends to see this downside flush extend. Because if they don’t, EUR/USD could be due a squeeze. With the main risks events this week arriving on Thursday with the ECB interest rate decision, which is nearly fully priced for a 25 basis point cut, and jobless claims and retail sales figures in the US, there must surely be a temptation among traders who are short to reduce or close their bearish positions, suggesting we may see some form of reversal. On the charts, EUR/USD finds itself back in familiar territory, testing and bouncing from a long-running downtrend dating back to July 2023. Given the initial interaction with the level, which has been respected all bar one false break in August, it provides a potential level for a long setup looking for some short-covering and/or squeeze. Those considering longs could buy ahead of the downtrend with a stop below either Monday’s low around 1.0890 or the 200-day moving average located at 1.08743. Potential trade targets include 1.0955 or 1.1000. Momentum indicators such as RSI (14) and MACD continue to generate bearish signals, meaning for the trade to succeed, it will need to go against the prevailing trend. That underlines why risk management should be front and centre of those considering the setup. Good luck! DS
Long
by FOREXcom
QQQ: A Rally Towards the ATH!Daily Chart (Left): Resistance at $503.52: The price is approaching a key resistance zone around $503.52, the ATH, which may serve as a potential reversal area. A breakout above this could signal more bullish momentum. Support at $493.15: There is immediate support at $493.15, where price action has consolidated briefly. This level might act as a pivot zone, where buyers could step in if there’s a pullback. Momentum: The price is above the 21-day EMA, which is rising, indicating the trend is currently bullish. Buyers seem to be in control, and the price action has been making higher highs and higher lows. Weekly Chart (Right): Ascending Channel: The price has been trending upward within a well-defined ascending channel. The mid-point of this channel, around $493, has acted as resistance in recent weeks. Next Resistance: The upper boundary of the channel, which is above the resistance at $503.52, could offer significant resistance. This suggests that QQQ could renew its ATH if this bullish momentum persists. Overall Trend: The weekly trend remains strong, with the 21-week EMA providing dynamic support, reinforcing the overall bullish bias. Conclusion: The price is currently bullish but nearing key resistance at $503.52. Traders should be cautious around this level for potential profit-taking or reversal signals. If the price manages to break above $503.52, the next leg up in the bullish trend could begin. Conversely, if the QQQ loses the $493 support, it could materialize a sharper correction to the 21-day EMA, or even to tthe $477 in the mid-term. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
1
Bitcoin reached the resistance of 65800, what is the next step?Here , about 1 week ago, I announced that Bitcoin will meet the resistance of 65800 and after that we have to wait for the price reaction. Now that we have reached here, it can be predicted that if 66,500 is broken, the upward trend will continue and we will see the short-term goals of 77,000 and 95,000. In case of correction, the support of 59,000 is very important for the continuation of the process. If you want to know about the future of Bitcoin, don't forget to follow and boost.
by Rezaei0013
SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! NASDAQ:SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! Everything is FINALLY looking on track for NASDAQ:SOFI stock! See analysis below and my Symmetrical Triangle Breakout trade details at the bottom of the post! Not Financial Advice. STOCHASTIC UPTREND MACD UPTREND & BREAKOUT OVER ZERO LINE RSI UPTREND STOCK PRICE UPTREND SYMMETRICAL TRIANGLE BREAKOUT - MEASURED TRIANGLE: 727 BARS - BREAKOUT MOVE 727 BARS HIGHER (86.87%) $15.63 - TAKE PROFITS: TOP OF THE TRIANGLE (39.78%) $11.70 - STOP-LOSS BELOW MA's AND VOLUME SHELF 2.5 RISK TO REWARD (15.89%) $7.04
NASDAQ:SOFILong
by RonnieV29
5
Bitcoin - Fakeout? MUST WATCH !!A recent surge in the price of BTC is sparking hope for that final impulse wave UP I've been talking about. However, there's a catch - one KEY thing will need to happen in order to convince me this is not just a fakeout, aimed at liquidating shorts. The previous BTC update was focused on two scenarios, with the GREEN showing a possibility of realizing: Reclaiming the moving averages in the daily is a good sign - but again, we've been falling under-and-over for the last few weeks, unable to stay above the 200d MA for longer than a few days: ___________________________ BINANCE:BTCUSDT
by CryptoCheck-
13
Should we continue to short gold prices now?This week's operation is very simple. You can make money by buying at a low position. Review the trend of last week. After the whole trend had a significant negative impact, the price of gold was supported near the bottom of 2600. Then, with the promotion of geopolitics, the price of gold gradually rose, forming a force where bulls were stronger than bears. The sudden reversal of the market made some investors very panic. And I am here to tell you that this is a huge opportunity in trading. Don't panic. After the market opened on Monday, it first had an expected correction. It was consistent with my expectations. But it fell by about 7 points than I expected. At that time, the expected position was 2650. Those who have read the articles I shared on Friday or the weekend know that I told everyone in advance. Then I notified everyone that the trend of today's opening would rise sharply. Indeed, it rose sharply after the correction. It was only 3 points away from the small target position of 2670. If you are in the experience group, you can see my strategy plan. Trade according to the buying timing of the fast trading strategy. You can get profits from three orders. They were bought at 2656.2650.2645 respectively. Then no matter where it rises to, the profit is very good. So is it the time to short now? Indeed, for those who hold sell orders, this is a very entangled place. If you close the order, you are worried that the market will fall sharply and miss the decline. If you don’t close the order, you are worried that the market will continue to rise and the loss will expand. If you think this way, I suggest you leave me a message. I will tell you a detailed solution. If you don’t hold a short order, then my suggestion is not to rush to sell the gold price. Wait and see. The market will not continue to rise. But it will not continue to fall. Trading is to find a good time in the right trend to buy low and sell high to earn the difference. Please don't be opportunistic. If you want to trade, but don’t know how to trade, leave me a message. COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAUUSD CAPITALCOM:GOLD I have always emphasized that the current trading opportunities are huge. So if you want to make money from the trading market, remember to seize this opportunity. Instead of blindly trading, let your account go from 1 million to 500,000. Then to 50,000. Then to a few thousand. If you continue to follow me for three days, you will know the current trend clearly. If you continue to follow me for a week, if you become a member of the fast trading strategy, then the profit will be qualitatively improved, because the profit of the previous week is visible and available to every member. Stay tuned. I am George. I hope everything goes well for everyone in trading.
TVC:GOLDLong
by George_parse
HelenP. I Gold will make correction and then rebound up to $2700Hi folks today I'm prepared for you Gold analytics. Some days ago price declined to support 2, which coincided with the support zone, and some time traded near this level, even falling to the support zone. Later XAU dropped to the trend line and then started to grow inside the pennant pattern, where it rebounded from the support zone and rose to support 1, which coincided with one more support zone. Soon, the price broke this level and even rose higher than the support zone, after which reached the resistance line of the pennant. But then, XAU turned around and started to decline. The price quickly declined to support 1, where it touched the trend line, after which Gold rebounded up and reached the resistance line of the pennant again. So, at the moment, I expect that XAUUSD will make a small correction movement, after which continue to move up. Price can exit from pennant as well, and then make retest, or at once continue to grow. That's why I set my goal at 2700 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
5
US30 / Upcoming Earnings Expected to Drive Bullish MomentumFutures Mixed Ahead of Earnings-Heavy Week; Key Economic Data in Focus U.S. stock index futures were mixed on Monday as investors braced for a week filled with third-quarter earnings reports and critical economic data, which may put stretched stock market valuations to the test. Technical Outlook: The price has rallied, driven by earnings gains, and remains positioned for further advances in anticipation of upcoming earnings data. The overall trend is bullish, provided the price trades above 42810 and 42450. A potential retest down to 42450 is possible, contingent on a 4-hour candle closing below 42810. Key Levels: Pivot Point: 42810 Resistance Levels: 43025, 43260, 43500 Support Levels: 42610, 42450, 42300 Trend Outlook: Bearish By breaking 42800 Bullish by stability above 42810 previous idea:
OANDA:US30USDLong
by SroshMayi