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GBPUSD → Channel breakout. Attempt to change the trendFX:GBPUSD finds an opportunity to grow. A breakout of the local trend resistance is forming amid the dollar correction. Zones of interest: 1.300 The retest of the intermediate bottom ends with reversal candlestick patterns and market reversal structure. The big question is: How long will it last? It all depends on the dollar. The US market received negative jobless claims data yesterday, which may also affect the NFP, which will be released later today. A worse-than-expected data will intensify the dollar correction, pointing to the problems in the economy (against what Powell said recently). In such a scenario, forex currencies may get a chance for a small rally. Technically, a channel breakout is a good signal that could turn into a strong momentum, but apparently traders are not in a hurry yet.... Resistance levels: 1.284, 1.300 Support levels: 1.272, 1.261, 1.2488 Accordingly, if a false breakout of resistance is formed and the price falls beyond 1.272, then we should expect a decline to 1.24. But at the moment there are positive signs to gain from 1.275 to 1.300 in the medium term.
Long
by MarketAnalyzar
NFP market trading strategyFrom the data, the previous value is 1.2 (million), and the forecast value is 20 (million). From the current expectations, the non-agricultural employment population data may continue to rise sharply, which is bearish for gold; if the data is revised for the previous value, it may bring greater pressure to the gold market; gold fell to around 2613 overnight, and it is not ruled out that institutions are running ahead of the NFP market. If gold in the NFP market continues to fall sharply, it will also harvest most of the funds chasing the rise; From the chart, gold is currently in a volatile pattern, but from the perspective of rebounding and falling back many times, it faces multiple resistances above, first facing resistance in the 2655-2665 area, and secondly facing resistance in the 2675-2685 area. So it is actually difficult for gold to break upward at the technical level; and today is Friday, the gold market closes the weekly line. From the weekly level, gold still has room to continue to fall, so once gold falls in the NFP market, it is likely to test the 2605-2600 area support; it may even test the 2580-2560 area. So, today’s NFP market trading strategy: 1. Set the price limit to sell gold at 2658-2662. If it exceeds 2666, the short position will be abandoned; 2. Wait for the data to be released and then follow the gold fluctuations to choose an opportunity to short gold; Bros, are you ready to participate in the NFP market? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
BITCOIN $250K - Get Ready to Get RichHello everyone! Today, I’m excited to dive into my latest analysis of the Bitcoin cycle, showcased through a weekly view chart that breaks away from conventional wisdom. Rather than adhering to the often-disputed parabolic curves that have been a staple in crypto charts since 2017—curves which have consistently either underperformed or overshot the mark—I'm bringing something different. My analysis is based on a trend line that I've meticulously tracked since 2013. This line has proven incredibly resilient, never once being undercut as of now in 2024. This steadfast pattern leads me to an ambitious yet attainable target: Bitcoin reaching USD 250,000. This projection suggests more than a doubling from our current position within this cycle’s parabolic phase. Interestingly, the duration of these parabolic phases has been extending with each cycle: 427 days in 2013, 525 days in 2017, 567 days in 2021. Based on this pattern, I anticipate the current cycle will span approximately 600 days, concluding around the end of 2025. I’d love to hear your thoughts and predictions. Where do you see Bitcoin heading in this cycle? Let’s discuss below!
BITSTAMP:BTCUSDLong
by LGNDRY-Capital
AUDUSD touching important Support on Daily ChartThe AUD/USD pair has experienced a notable decline of -7.82% in recent weeks, without any significant recoveries. This drop has brought the price to a key horizontal support area, aligning with the previously identified triple bottom level on the daily chart. Additionally, the price has tested an uptrend line that has provided support since mid-2022. The overlap of the horizontal support and the uptrend line creates a technically significant zone, indicating a potential slowdown in selling pressure. Bullish Scenario If the price breaks above the downtrend line, acting as dynamic resistance, it could signal a shift in market sentiment, allowing buyers to regain control. Fibonacci retracement levels would then serve as potential targets: An entry point could be considered if a candle closes above the downtrend line on the daily chart. The first target may be near the 38.2% Fibonacci level at 0.6605 (approximately 110 pips). The second target could be around the 50.0% Fibonacci level at 0.6670 (about 170 pips). A stop loss might be placed just below the recent low at 0.6395 (around 100 pips). For confirmation of the bullish scenario, the price needs to stay above the dynamic resistance and begin forming higher highs and lows. Bearish Scenario Conversely, if the price falls below the horizontal support at 0.6400, it would create room for further declines, potentially invalidating the triple bottom pattern and indicating a continuation of the downtrend. In this case, the next significant support level would be around 0.6300, with chances of moving even lower. Impact of US Employment Data The upcoming US employment data, particularly the Nonfarm Payroll figures, could significantly influence the AUD/USD pair. Weaker-than-expected results may weaken the US dollar, benefiting the Australian dollar and increasing the likelihood of breaking the downtrend line. Conversely, strong US labor market data could exacerbate selling pressure, pushing AUD/USD lower. Summary The AUD/USD is at a pivotal juncture on the daily chart, with the convergence of horizontal support and an uptrend line suggesting a possible reversal. However, the market's direction will hinge on subsequent technical movements and, crucially, on US economic data that could shift the balance of power. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
New ATH Achieved: Price Targets 45,200 Amid Sustained UptrendTechnical Analysis The price has reached a new all-time high (ATH) and is now advancing toward the 45,200 level. Currently, a corrective move toward 44,920 is underway, and a sustained position above this level is expected to propel the price further toward 45,200. For a bearish scenario to materialize, the price must close a 4-hour candle below 44,750, which would likely open the path to a decline toward 44,400. Key Levels: Pivot Point: 45100 Resistance Levels: 45200, 45500, 45600 Support Levels: 44750, 44400, 44270 Trend Outlook: Uptrend while above 44750 and 44920
OANDA:US30USDShort
by SroshMayi
ZKUSDT Ready for a Breakout or About to Fail?Yello, Paradisers! ZKUSDT has formed a classic cup-and-handle pattern, and it looks like it’s about to challenge the key resistance trendline. But is this the moment we’ve been waiting for? 💎If ZKUSDT successfully breaks through both the resistance trendline and the resistance zone, it will validate the cup-and-handle pattern, significantly increasing the odds of a strong bullish move. 💎However, if we see a pullback, we can anticipate a bounce from the support zone—but to truly tip the scales in our favor, we’ll need to see an I-CHoCH (Internal Change of Character) on lower timeframes. 💎On the flip side, if ZKUSDT breaks down and closes candle below the support zone, it will invalidate our entire bullish thesis. In that scenario, it’s wiser to stay patient and wait for clearer price action to form before jumping back in. 🎖As always, discipline and patience are your best tools in these situations. If you're serious about consistent profits, waiting for high-probability setups is key. Trade smart, Paradisers! Stay focused and keep mastering your strategy to be in the winner's circle. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
4
Will ZRXUSDT Ignite a Bullish Reversal? Yello, Paradisers! Have you noticed the key breakout on ZRXUSDT? 🚨 The pair has just broken out of a major resistance trendline and formed an Inverse Head and Shoulders pattern, all while showing a bullish divergence. Are we about to witness a strong reversal, or will this be a fake-out? 💎If ZRXUSDT manages to break and closes candle above the resistance zone, it will confirm the Inverse Head and Shoulders pattern, significantly increasing the probability of a bullish reversal. The bullish divergence adds even more weight to this potential move. 💎In the event of a pullback, a bounce from the support zone is expected. To increase the odds in our favor, we’ll be looking for a bullish I-CHoCH (Internal Change of Character). 💎However, if the price breaks down and closes below the support zone, the entire bullish setup will be invalidated. In that case, the best approach would be to wait for a clearer price action before taking any new positions. 🎖 As always, patience is key, Paradisers! Stick to the strategy, wait for confirmation, and avoid impulsive decisions. Successful trading is all about timing and discipline—don’t rush it! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
IDUSDT: Bullish Breakout or Panic-Inducing Breakdown?Yello, Paradisers! Are you ready for a major move on IDUSDT? If you’ve been keeping an eye on this one, you might be in for a game-changer! 💎IDUSDT is approaching the resistance trendline, forming a classic Cup & Handle pattern—and we’ve got a bullish divergence in play. 💎If IDUSDT breaks and closes a candle above the resistance zone, it will confirm the Cup & Handle pattern, significantly increasing the odds of a bullish reversal. This could be your signal to ride the wave up! 💎Now, if we get a pullback, don’t panic. We’re eyeing a bounce off the support zone. But for a safer bet and higher probability in our favor, we need to see a bullish I-CHoCH in lower timeframes for confirmation. 💎On the flip side, if the price breaks down and closes candle below the support zone, that’s a red flag. It will invalidate our bullish scenario altogether. Be patient, wait for the right confirmation, and avoid emotional decisions. Smart trading is about following the strategy and never rushing the market. Stay sharp and disciplined, Paradisers! 💪 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
8
USNAS100 / Downside Momentum Amid Jobs ReportsTechnical Analysis The price reversed from its ATH, which is 21530, and now has a bearish momentum due to the high pressure from NFP and Unemployment rata reports, So as long as trades below 21465 and 21530, there will be a bearish trend to touch 21290 and 21220. To be bullish till 21670, should close at least 1h candle above 21530 Key Levels: Pivot Point: 21465 Resistance Levels: 21540, 21670, 21800 Support Levels: 21290, 21150, 20990 Trend Outlook: Bearish Momentum within News effect
OANDA:NAS100USDShort
by SroshMayi
XAGUSD - Silver will return to its upward trend?!Silver is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. If the trend line breaks and continues to decline, we can see the demand zone and buy within that zone with the appropriate risk reward. Stabilization of silver above the resistance area will provide us with the path for silver to rise to the supply range. The CIBC bank forecasts that silver prices will average around $35 per ounce in 2025, maintaining this level through 2026. By 2027, prices may slightly decline, averaging $34.50 per ounce. Analysts at the bank expressed a bullish outlook on gold and silver markets, citing preparations by global markets to deal with the unpredictable policies of Trump’s administration. Last month, the president-elect threatened to impose a 25% tariff on imports from Mexico and Canada if they fail to tighten border controls. Additionally, he warned over the weekend that a 100% tariff might be applied to the BRICS bloc if they develop a settlement currency to bypass the U.S. dollar. Analysts stated, “We anticipate that higher tariffs, the potential for trade wars, lower interest rates, and deregulation will all support rising gold and silver prices.” They added, “We believe that Trump’s tariff policies could provoke retaliatory measures against U.S. exports, thereby fueling inflationary pressures.” Performance of Gold and Silver in 2024: • Gold has surged by 29% this year. Following a 3.4% increase in October and a 5.2% gain in September, gold prices declined by 2.5% in November. • Silver also rose by 29% in 2024. However, after advancing 4.3% in October and 7.9% in September, silver prices fell by 5.2% in November. Throughout 2024, gold has repeatedly hit record highs, breaking price ceilings 39 times. However, silver has yet to return to its previous bull market peak of $50 per ounce. While this may be disappointing for silver enthusiasts, historical trends suggest that silver often lags behind gold during bullish cycles, only to later outpace gold explosively. This lag presents an excellent opportunity for investors looking to capitalize on potential gains in this market. Meanwhile, the market’s primary focus remains on the release of today’s Non-Farm Payroll (NFP) report and potential signals from Federal Reserve officials ahead of the central bank’s communication blackout, starting at midnight on Friday. The most significant signal so far has come from Christopher Waller, a Federal Reserve Board member. Waller expressed willingness to support a rate cut in December, but noted that this decision depends on forthcoming economic data. He specifically highlighted the NFP report as one of five key indicators under consideration but cautioned that these figures might be distorted by factors such as October’s strikes, post-storm economic activity, and the upcoming elections. Currently, markets estimate a 70% probability of the Federal Reserve cutting interest rates at its December 18 meeting. This likelihood has dipped slightly from 75% earlier this week but has remained unchanged since Monday. In addition to the NFP report, scheduled speeches from several Federal Reserve officials—including Bowman, Goolsbee, Harker, and Daly—are planned for Friday.
OANDA:XAGUSDLong
by Ali_PSND
XAUUSD - Gold Awaiting NFP!In the 4H timeframe, gold is below the EMA200 and EMA50 and has exited its ascending channel. If gold re-enters the channel and stabilizes above the drawn downward trend line, we can witness the continued rise of gold and limited visibility of the channel ceiling. Within the supply zone, we can sell with appropriate risk reward. The failure of the support area paves the way for gold to fall and you can buy in the demand zones. The U.S. nonfarm payroll report is set to be released today, drawing the full attention of markets. It is expected that nonfarm jobs will increase by 200,000, primarily due to the resolution of the Miloten hurricane and the conclusion of Boeing’s strike. However, recent charts indicate a declining trend in nonfarm employment over the past few years, confirming the weaker labor market conditions that the Federal Reserve has noted during its rate-cutting cycle. Even if the headline figure exceeds 200,000, it is unlikely to prompt a change in policymakers’ stance. The unemployment rate is also projected to rise to 4.2%. Markets may look for meaningful insights from today’s employment data, but they are unlikely to find anything substantial. Overall, the Federal Reserve is expected to cut interest rates again in December. Forecasts for job growth range between 155,000 and 275,000, compared to just 12,000 new jobs in September. The unemployment rate for this month is anticipated at 4.2%, slightly up from 4.1% last month. Last month’s precise unemployment rate was reported at 4.145%, while the labor force participation rate stood at 62.6%. In terms of wages, annual average hourly earnings growth is expected to slow to 3.9%, down from 4% last month. Monthly wage growth is forecasted at 0.3%, slightly below the previous month’s 0.4%. Average weekly working hours are expected to remain unchanged at 34.3 hours. Key data released so far include: • ADP Report: 146,000 jobs added compared to 150,000 in the previous month. • ISM Services Employment Index: Declined to 51.5 from 53, still the second-highest figure of the year. • ISM Manufacturing Employment Index: Rose to 48.1 from 44.4. • Challenger Job Cuts: 57,727 compared to 55,597 in the previous month. • Philadelphia Fed Employment Index: Increased to 8.6 from -2.2. • Empire State Employment Index: Rose slightly to 0.9 from 4.1. Recent trends suggest that the labor market is generally weakening, though temporary improvements are evident in some areas. JOLTS data paints a similar picture, with most Federal Reserve members convinced that the labor market is cooling. However, a single NFP report is unlikely to alter this broader trend, particularly given the influence of hurricanes, elections, and the end of Boeing’s strike on the numbers. On the other hand, President-elect Donald Trump's pro-business policies and "America First" approach have pushed gold prices lower ahead of the new year. However, one Canadian bank believes that gold's upward trend is not over yet. While markets may need time to adjust to Trump's economic policies, CIBC analysts remain bullish on gold's future in 2025. Investors should not be surprised by the gold market's current woes, the analysts said, as a similar trend was seen in 2016, during Trump's first term. The Bank of Canada has reiterated its summer forecasts and stated that Trump's impact on the gold market will ultimately be positive. According to analysts, “It may take several seasons, but inflationary pressures will eventually show. Although this issue may challenge the trend of interest rate cuts, we believe that wealth preservation and the desire of non-US investors and central banks for safe assets will continue to support gold prices." Peter Schiff, chief strategist at Euro Pacific Asset Management, believes that the price of gold will not return below $2,000 an ounce, and that the price of gold is likely to double or triple. He noted that gold fluctuated between $1,500 and $2,000 from 2011 to 2024 and has now reached higher levels without resistance. Schiff emphasized at the New Orleans investment conference that the performance of gold this year shows the strength and high potential of this valuable metal. He also predicted that as the price of gold rises, more investors will be interested in stocks of mining companies. Meanwhile, BlackRock emphasized in its recent report that the Federal Reserve does not appear to have entered a typical cycle of interest rate cuts. The analysis shows that the Federal Reserve is likely to cut interest rates further in 2025. This reduction will occur in a situation where economic growth will slow down somewhat, but inflation will still remain above the target. Therefore, the Fed is unlikely to cut interest rates below 4%, and rates will remain above pre-pandemic levels.
FOREXCOM:XAUUSDLong
by Ali_PSND
EURGBP - The weakness of the euro will end!?The EURGBP currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. In case of breaking the resistance area, we can see the supply zone and resell in that zone with appropriate risk reward. A valid break of the drawn support area will provide us with the downward path of this currency pair to the level of 0.82400. Following Donald Trump’s victory in the U.S. presidential election, the euro experienced a sharp decline. This drop was attributed to market reactions to the possibility of aggressive policies in areas such as trade, immigration, and finance.Past experiences have shown that such policies can significantly impact exchange rates. It is anticipated that the U.S. tariff measures expected in early 2025 will play a crucial role in shaping the direction of exchange rates. The euro, particularly due to Europe’s significant trade surplus with the U.S., is highly vulnerable to these measures. According to statistics, the U.S. trade deficit with the eurozone increased from $158 billion in 2019 to $196 billion by September 2024. This development could serve as motivation for U.S. policymakers to apply further pressure. Another factor that might weaken the euro is the poor performance of eurozone countries in meeting NATO’s defense spending targets. Out of the eight countries that remain below the 2% defense spending threshold, seven are in the eurozone. This could provide Trump’s administration with justification for adopting stricter trade measures. JP Morgan has forecasted that the European Central Bank (ECB) will cut interest rates by 50 basis points during its December 12 meeting. While the market assigns only a 20% probability to this reduction, JP Morgan believes that such a cut would not suffice to bolster the economy. Data indicates that the preliminary estimate for overall consumer inflation dropped from 2.8% to 2.7%, while core inflation rose from 2% to 2.3%. Villeroy, a member of the ECB, dismissed these changes as insignificant. In his speech, he stated: “We have good news; inflation is decreasing and moving toward our target. Therefore, it is likely that we can continue reducing interest rates.” He added, “We are confident in our projections and expect to achieve our inflation target, possibly in the first half of next year.” Christine Lagarde, President of the ECB, in an article for The Economist, discussed how Europe’s savings can be transformed into investments, innovation, and growth. She highlighted that Europe faces numerous economic challenges and that directing savings toward productive investments is essential to stimulate growth. Lagarde emphasized the need for a strong capital markets union in Europe to better allocate financial resources and improve access to capital for innovative companies. She also stressed the importance of structural reforms to enhance the business environment and encourage entrepreneurship. She pointed to the role of coordinated fiscal and monetary policies in supporting sustainable and innovative investments and underscored the importance of cooperation among EU member states in achieving these objectives. Additionally, she called for the establishment of a stable and predictable legal and regulatory framework to boost investor confidence and drive economic growth. A recent Cluster17 survey revealed that around 54% of French citizens want President Emmanuel Macron to resign and for early presidential elections to be held in 2025. The survey also showed strong public polarization regarding the collapse of the Barnier government, highlighting the inability of political parties to unite voters. Political analyst Stéphane Fournier noted that these results increase pressure on Macron to appoint a new prime minister. The findings also reflect public dissatisfaction with the current political situation and the failure of parties to provide effective solutions to the ongoing crisis. According to a recent Reuters survey of economists, 73 out of 75 economists predict that the ECB will cut the deposit rate by 0.25% during its December meeting. Two others anticipate a 0.5% cut. Moreover, 51 out of 67 economists expect the ECB to reduce the deposit rate to 2% or lower by the end of 2025. Notably, in a November survey, 43 out of 63 economists made the same prediction.
Short
by Ali_PSND
GBPUSD → Channel breakout. Attempt to change the trendFX:GBPUSD finds an opportunity to grow. A breakout of the local trend resistance is forming amid the dollar correction. Zones of interest: 1.300 The retest of the intermediate bottom ends with reversal candlestick patterns and market reversal structure. The big question is: How long will it last? It all depends on the dollar. The US market received negative jobless claims data yesterday, which may also affect the NFP, which will be released later today. A worse-than-expected data will intensify the dollar correction, pointing to the problems in the economy (against what Powell said recently). In such a scenario, forex currencies may get a chance for a small rally. Technically, a channel breakout is a good signal that could turn into a strong momentum, but apparently traders are not in a hurry yet.... Resistance levels: 1.284, 1.300 Support levels: 1.272, 1.261, 1.2488 Accordingly, if a false breakout of resistance is formed and the price falls beyond 1.272, then we should expect a decline to 1.24. But at the moment there are positive signs to gain from 1.275 to 1.300 in the medium term. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;) Regards R. Linda!
Long
by RLinda
8
Alikze »» W | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D - It has been moving in a downward channel on the daily time frame - After breaking the short-term downward channel, it is currently moving in an upward channel - According to the momentum at the top of the channel, it can exit the channel with a pullback to the broken structure and continue its growth up to the first supply range as wide as the channel. - In the future, it can continue its growth by breaking the first supply area to the second supply area. 💎 Alternative scenario: In addition, if the green box area is broken, it can go down with a pullback to the 0.1709 range. »»»«««»»»«««»»»««« 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. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:WUSDT
Long
by alikze
GHNI offering over 30% gains from these levelsthe stock is continuing its uptrend and after making Cup and handle formation, successfully broke out the handle, if it posted daily closing above 444, the stock is likely to test its cup and handle projection of 590 which is a good return of ~32% with a SL of 360, as per trade plan, entry should be made at 444, with TP1 of Rs. 528 and TP2 of 612, however, as per Cup and Handle projections, one can close the trade around 590 levels.
PSX:GHNILong
by Trader-Roze