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Silver still under-valued vs GOLDBased on history, The relative value of gold and silver reverts between the 40:1 ratio and 80:1. Silver is still above 80:1, so IMO is a good buying opportunity, to leverage against gold. The idea is; hold gold and buy silver above 80:1 ratio and sell silver and buy gold at or below 40:1 ratio. After a cycle, you will end up having twice as much gold as if you just bought gold outright. If you think that silver cannot make major and quick advances relative to gold... look at 2020. We are just in a holding pattern, if you want confirmation, look for the 80:1 ratio level - that is currently acting as support to give way and for silver (smaller less liquid market) to make quick progress.
TVC:GOLDSILVERLong
by flyinkiwi10
Market Watch Can the NASDAQ Overcome Resistance or Will It Fall?The NASDAQ has been struggling to break above the $20,059.24 resistance level, facing multiple rejections in recent sessions. This repeated failure to push higher suggests a potential shift to bearish momentum, especially with broader market weakness observed this week. If the NASDAQ fails to clear this resistance, we could see it break down from its current channel, which has been intact since September 6, 2024. If the price moves lower, the next key support levels are at $18,669.99 and $17,975.67. A breakdown below these levels could trigger further declines, and the market might follow suit with a broader selloff. These support levels are critical for any potential reversal. Keep a close eye on the resistance and support levels, as the direction here could influence the broader market sentiment in the coming weeks.
NASDAQ:IXIC
by CryptocurrencyWatchGroup
Bullish momentum to extend?S&P500 (US500) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 6,006.92 1st Support: 5,866.31 1st Resistance: 6,157.58 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:US500Long
by ICmarkets
AUS200: Bearish Signal with Key Supports in FocusHello, PEPPERSTONE:AUS200 index faced rejection at the 1W pivot point (PP) and closed below the 1M PP, signaling a clear bearish confirmation. If the strong 1M support at 8226.122 fails to hold, further downside is likely, but only if the price breaks and consolidates below this level. Additionally, keep an eye on the next support at 8211.454. If both these supports give way, we can expect the price to move towards the 1Y PP. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
PEPPERSTONE:AUS200
by TradeWithTheTrend3344
6
15.12.24The final week of 2024 will see key decisions from the Federal Reserve, Bank of Japan (BoJ), and Bank of England (BoE), likely impacting global markets. Fed Meeting: A 25-basis point rate cut is expected, with attention on guidance for 2025. The market will watch for signs of slower cuts if inflation rises or unemployment increases. BoJ Meeting: The BoJ is likely to hold rates steady, awaiting more data on wages and economic conditions. BoE Meeting: The BoE is expected to keep rates at 4.75%, with rate cuts possibly delayed until February due to UK economic weakness. Global PMI Data: Economic slowdown signals from Europe, the UK, and the U.S. suggest ongoing concerns about global growth. Oil Prices: Prices have risen amid tighter supplies from Russia and Iran sanctions, with potential demand boosts from lower global interest rates. Us30: After price fell below the previous weeks low, price kept on falling inidcating a weaker markets to inflation concerns and other factors. I will like to see if price can reach 42893.15 Ger40: Price struggled to traded out of previous weeks high and shows the strength being lost in the DAX. I'd still ike to see price break higher, till then at the start of the week I have price moving below 20366.4 first
EIGHTCAP:US30
by S0202Trades
#202450 - priceactiontds - weekly update - daxtl;dr dax xetra: Market has printed the most shallow two-legged pullback imaginable and this is as bullish as it gets. Are bulls getting stopped by at least 2 upper trend lines which could continue to be resistance? I highly doubt it. If we get above 20600, there is no reason to not just go to 21000 or higher. I have two potential measured moves above 21000 but until we have a daily close above 20800, there is no reason to look for targets that high. Bears can only begin to dream again with a daily close below 20000. Quote from last week: comment: Late bull breakout during the week like the week before that. Another clear buying signal going into next week. There is not much to add from my tl;dr. Both of my upper bull trend lines run through 20k and I have multiple measured move targets there. More than enough reasons to be bullish and look for longs. Bears can do almost nothing to change my mind, unless we see on giant bear bar closing below 19100 on Monday. comment: Since the market did not go down even the slightest, we can not hold any other thoughts than bullish ones. I won’t do anything other than small scalps on this though. On my chart I have marked the most extreme cases to either direction for the next 3 weeks. I give the bearish one a chance of at max 30% while the bulls are heavily favored to either move higher or at least sideways only. I can’t really imagine reaching 21500+ but that’s the biggest measured move I have calculated. I do think 21k and then sideways is the most reasonable outlook. current market cycle: Bull trend - parabolic rally which is the very end. key levels: 20000 - 21000 bull case: Bulls send a strong message, closing Opex above 20000, so they remain in full control and 21000 has become a possibility for the next 3 weeks. We are still trading near at least 2 upper bull trend lines but since market is not showing big reactions to the downside, we can only expect higher prices. A daily close above 20500 brings 21000 in play. Invalidation is below 19100. bear case: The pullback did not manifest at all and even if bears get this down to 20000 next week, I think we find way more buyers then sellers at that price. Bears really have no arguments at all on their side, besides the upper trend lines which are above us but at this point, I doubt they will be much resistance going into the next 3 weeks. Only thing that would make me more neutral would be a really strong bear bar closing below 20000 tomorrow. If bears somehow manage to do that, we could test down to my C target from last week, which is the breakout price around 19670. For now, I won’t look for shorts unless we see a huge volume increase on strong follow through-selling. Invalidation is above 20500. outlook last week: short term: No more bullish outlooks. I want to see big juicy red bars and people posting on x about “buying opportunity of a lifetime” while they double down all the way back to 19000. Neutral until bears come around. No interest in buying anything above 20100 as of now. 20k might be a decent long scalp for a quick bounce. → Last Sunday we traded 20384 and now we are at 20405. Perfect outlook, given I was neutral until bears would come around. They did not and market went nowhere on the week. short term: Given that we are in the most bullish season of the year and bears could not even get the market to drop into Opex, I can not hold any bearish wishful thought anymore and I will only look for small long scalps over the next 3 weeks. Daily close below 20000 would make me reevaluate. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 next week. current swing trade : None chart update: Added potential measured move higher.
XETR:DAXLong
by priceactiontds
THE US DOLLAR (DXY) // primary long expansionThe last impulse, that is visible even on the weekly chart, broke the weekly structure. The emerging countertrend only came back to 23.6, but tested the weekly (and H4) breakout, and turned up in the direction of the primary trend. This is the expansion phase with a target of 109.00, and it is valid until the structure breaks on H4. ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
TVC:DXYLong
by TheMarketFlow
Idea on DXY Dollar Index (DXY) continued to go higher on better-thanexpected PPI and softer EUR, following ECB meeting. Focus next on FOMC next week. DXY was last at 107 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Head and shoulders pattern have formed “Focus next on FOMC next week. A 25bp cut is more or less a done deal (markets pricing 97% probability of a cut).” “Bearish momentum faded while RSI rose. Head and shoulders pattern have formed but DXY has yet to break below the neckline and is now challenging the second shoulder. A decisive break below neckline is required for bears to gather momentum.”
TVC:DXY
by EZIO-FX
NIFTY KEY LEVELS FOR 16/12/2024**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:NIFTY
by nandupk
BANKNIFTY KEY LEVELS FOR 16/12/2024**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:BANKNIFTY
by nandupk
S&P500 INDEX Technical Analysis & Outlook Ahead of Fed DecisionS&P 500 Technical Analysis The market is approaching a key week with potential volatility driven by the Fed Rate Decision and GDP data. Here's a breakdown of the scenarios: Bullish Scenario: Continuation of the Uptrend: Key Levels: - Breakout Support: 6022 - Pivot Point: 6058 - Resistance Line: 6099 and 6143. Conditions for Bullish Continuation: - Price must remain above 6022 (Breakout Support Line). - Stabilization above the 6099 resistance will confirm upward momentum toward 6143 (next resistance). - This move would support a continuation of the uptrend toward a new ATH. Fed Rate Impact: - If the Fed cuts rates by 25 bps, the market may interpret this as dovish, fueling bullish sentiment and risk appetite. Bearish Scenario: Continuation of Downtrend: Key Levels: - Breakout Support Line: 6022 - First Support: 5971 - Next Supports: 5932 and 5863. Conditions for Bearish Reversal: - Price must break and close below 6022 on a 4-hour candle. - A break below this level opens the door to the next support at 5971. - Further bearish momentum could drive the price toward the Strong Support Zone around 5863. Fed Rate Impact: - If the Fed holds rates steady at 4.75% or signals hawkish intentions (e.g., no future rate cuts), bearish momentum may build due to reduced liquidity expectations. Trend Outlook: - Uptrend Continuation: Above 6022 and confirmed by a breakout above 6099. - Downtrend Continuation: Below 6022, targeting 5971 and lower levels. Key Summary: Bullish Confirmation: Hold above 6022 and break above 6099. Bearish Signal: Break and close below 6022, with lower targets of 5971 and 5932. Fed & GDP Impact: Monitor Fed decision for rate cuts (bullish) or no change (bearish).
OANDA:SPX500USD
by SroshMayi
Analysis of NASDAQ 100 index Analysis of the NASDAQ 100 based on moving averages (MA) reveals a predominantly bullish sentiment in the short to long term. Current Trend: The NASDAQ 100 is currently in a short-term rising trend, indicating positive market sentiment and increasing buying interest. Key Observations: Support: The index has support at approximately 21100 points. Momentum: Strong positive momentum is present, with the RSI currently above 70, suggesting overbought conditions. Resistance: There is no clear resistance in the price chart, indicating potential for further upside. Technical Indicators: Prediction for Next Week: Despite overbought conditions, the NASDAQ 100 is expected to maintain its upward trajectory in the next week. However, traders should be cautious of a potential short-term correction due to the high RSI. Disclaimer: This is a concise technical analysis report for informational purposes only and should not be considered financial advice.
PEPPERSTONE:NAS100
by Markets4Traders
2