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Siemens Healthineers: Not yet done ☝️Siemens Healthineers took a step south at the beginning of the year, but has since almost made up for this setback on the upside. Nevertheless, we have drawn up a new alternative scenario with a 30% probability on the chart, according to which the current rise would already be completed with the last high in the form of the magenta-colored wave alt.(X). Accordingly, the price would fall below the support level of €45.51 earlier and consequently into our turquoise-colored Target Zone between €40.32 and €36.13. As part of our primary scenario, however, we give the stock a little more room on the upside - namely until just above the resistance at €53.98 - in order to underpin the top of the regular magenta-colored wave (x). Only then should it dive into the turquoise Target Zone.
XETR:SHL
by MarketIntel
GBPUSD Pullback From NFP HighHi Traders! GBPUSD looks to have formed a range zone as it has tested the NFP high at 1.27712 and has failed to break above the high. Here are the details: After the NFP release, there was a strong bull rally to the 1.27712 level, but it was quickly rejected, as you can see with the large upside price wick. The market recently tested this level, and the resistance is still there. We are looking for the market to pullback towards areas around 1.26734, and below that, we have range zone support at 1.26116. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.27712 Support: 1.26116 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
Nike: Slumped 🤕The NIKE share price fell sharply within a few hours of the presentation of the quarterly reports. We must now primarily assume that the stock has formed the top of the wave (A) in red with the last high - and has since sold off in the course of the wave of the same color (B). The bears have already been able to drag the price below the support level of $104.01. This should now generate further downward pressure, allowing the stock to extend the low of the aforementioned (B) wave below the $97.70 support level (but still above the $87.50 mark). The wave alt.(B) would extend another level lower in the context of our 34% probable alternative scenario.
NYSE:NKEShort
by MarketIntel
XAUUSD|Examining possible scenarios for this week's transactionsHello friends, let's go to the first weekly outlook of 2024 for gold. In the last week, gold moved according to our view and managed to get the prices we wanted. My weekly view on gold is that due to the breaking of bullish structures, gold can continue its downward trend. In a more general view, you can see that the price behavior in the form of an ascending channel has now failed to record a new high, we are seeing bearish structures, downward trends have been broken, bearish candles are more powerful and the possibility of reacting to The range of support ahead is also very small. With the failure of this support area, which is the closest drawn area to the current price, we are sure that gold can have a price decrease and experience the prices of (1980) and (1970). Thank you for following and supporting me, I hope it was useful for you. I wish you a profitable week.
OANDA:XAUUSDShort
by Golden_Star1994
1
EURUSD Downside ContinuesHi Traders! EURUSD looks to be continuing to the downside, and there is potential for a support price break. Here are the details: The market continues to swing lower with lower highs and lower lows; the price has also broken below the 20 EMA recently. We are looking for the market to remain below the 20 EMA to continue downwards towards the support area. Should the market reach the support area, there may be some demand there as the market will not have been that low in a month. If there is a break below the support area, then the target level is 1.08300. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.09547 Support Area: 1.08929–1.08700 Target Level: 1.08300 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
BITCOIN to continue higher towards $40,000, BITCOIN price made a bullish breakout of the resistance/support area, after a correction if price continues to hold above support I expect the price to move higher towards the next resistance.. I posted this 1hr timeframe short term analysis before Daily time-frame analysis Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Long
by Stargazer_fx
37
T-Mobile US: Destination reached 📍✅In line with our expectations, the TMUS share has since risen further and in the process also reached our dark green Target Zone (coordinates: $161.69 - $168.80). Basically, we now expect a bearish trend reversal in that price range after the top of wave (B) in dark green. This top could already be imminent, but we have to concede that the price can rise even higher in our Zone to this end and utilise the entire price range accordingly. Once the high is in, however, it should go lower again.
NASDAQ:TMUSShort
by MarketIntel
⤴️⤴️EURUSD BULLISH MOMENTUM Fullbacks)🚀🚀🚀The dollar edger higher on Friday but is set to end 2023 with its first yearly loss since 2020 against the euro and a basket of currencies, on expectations the U.S. Federal Reserve will begin cutting rates next year as inflation moderates. Questions for 2024 will be when the Fed begins cuts, and whether the first rate reduction is made to avoid over-tightening as inflation drops, or due to slowing U.S. economic growth. With markets already pricing in aggressive cuts, debate is also focused on how much further the dollar is likely to fall. “We’ve already weakened quite a bit in anticipation of a Fed cut cycle to come,” said Brad Bechtel, global head of FX at Jefferies in New York. The dollar's decline accelerated after the Fed adopted an unexpectedly dovish tone and forecast 75 basis points in rate reductions for 2024 at its December policy meeting. Markets are pricing in even more aggressive cuts, with the first reduction seen likely in March and 158 basis points in cuts expected by year-end. (FEDWATCH) The Fed’s tone contrasted with other major central banks, including the European Central Bank (ECB) and Bank of England (BoE), which maintained they will hold rates higher for longer. But “I do think they will capitulate. European growth is just struggling too much and inflation’s coming down relatively fast … same in the U.K. in many ways,” said Bechtel. “If all three central banks are cutting, it's going to be very hard for the dollar to weaken significantly." Against a basket of currencies, the greenback on Friday gained 0.13% to 101.32 DXY , rising from a five-month trough of 100.61 reached on Thursday. It is on track to lose 2.10% this year and is down 4.62% this quarter, the worst performance in a year. The euro EURUSD dipped 0.19% to $1.1040, hovering just below a five-month peak of $1.11395 reached on Thursday. It is heading for a 3.04% gain for the year, its first positive year since 2020. "Markets are looking for a cut earlier in the U.S. and are less certain that the European Central Bank will cut as quickly, so that's why the dollar is very soft," said Niels Christensen, chief analyst at Nordea. "We also have positive risk appetite which is another negative for the dollar. Going into 2024, the soft dollar will be a theme towards the March central bank meetings," Christensen added. Policymakers at the ECB and the BoE did not signal any imminent rate cuts at their policy meetings this month, but traders are pricing in 162 bps of cuts by the ECB next year, with the probability of two cuts by April. The BoE is also expected to cut rates by 148 bps in 2024. "While it feels like the market might have moved too far too fast, the facts are that growth is non-existent in Europe, slowing in the U.S., and inflation is falling globally," said CJ Cowan, portfolio manager at Quilter Investors. "The ECB is famously slow to change policy course so almost two cuts priced by April looks aggressive, even if it might be the right thing to do." Sterling GBPUSD rose 0.08% to $1.2745 and was on track for a 5.39%
Long
by SMC-Trading-Point
Palladium: Time for the Turnaround! 🔄Palladium is heading a little further downwards: the price is now drilling deeper and deeper into our turquoise Target Zone (coordinates: $1092 - $997). We expect that the low of wave B in turquoise will be deposited within this price range and that the trend reversal to the north will then succeed, which should subsequently bring us the price increases in wave C in turquoise. All technical conditions have now been met for this low; however, we allow the price to move a little lower again within our Zone. To hedge or minimize the risk of long trades, a stop 1% below the lower edge of the Zone can be placed. However, if the primarily expected bullish trend reversal succeeds, the metal should soon break above the resistance at $1257 and thus gain fresh upward momentum.
NYMEX:PA1!Long
by MarketIntel
1
Xiaomi: Still some Room! ⬆️Xiaomi stock has retreated somewhat in recent days. Nonetheless, we are sticking to our primary assumption that the price is likely to surpass the highs from November once again as part of the magenta wave (B) in order to form the high a good deal further north. Accordingly, we expect a return to this short-term bullish path in the near future. It is important to note, however, that the 33% probable alternative would already allow the high to be in place. We would favor this scenario in the event of significant declines. A far-reaching descent is also on the agenda in our primary scenario after the current (corrective) wave (B) has ended. The price should only finalize the big wave II in grey and thus the big correction below the support at HK$8.31.
HKEX:1810Long
by MarketIntel
BTC Daily chart 24th December 2023Seasons greetings to all! Warmest wishes for you and your family during the holiday season. In my last idea we saw that COINBASE:BTCUSD was able to break the double bottom neckline at 43,5K but was unable to create any significant momentum to continue the rally towards 45K. Since the holiday season has started, a period with lower volatility, i am not expecting BTC to go much higher till we get some more news about the BTC spot ETF. If the ETF is approved we will probably see a significant rally which will take BTC to at least 50K. If BTC will be able to break 50K and go higher, will depend on how much the ETF approval was already priced in. If people already bought the news then the ETF rally could be more modest than expected (e.g. 50K high instead of new ATH). If the ETF is rejected, then we will probably see a major price correction, dropping BTC under 40K support line with a possible bottom as low as 32K (the breaking of this resistance line was sort of the start of the current bullrun, so a retest is likely in a major correction). As you might have read, the SEC recently had a meeting with all the ETF applicants. I am guessing that the applicant probably received a heads-up of the SEC's oncoming decision. If the SEC has already decided that it will reject the current applications, we will see signs of a sell-off from now till 10th of January (when the SEC will formaly announce the rejection). So if BTC starts retracing, this could be a sign that the ETF applicants are selling off a part of their BTC ahead of the expected sell-off. Other than that i am not expecting any mayor moves during the oncoming week.
COINBASE:BTCUSD
by Bullissimo
AUDUSD Fails At 6-Month HighHi Traders! AUDUSD has tested the 6-month high but has failed, and there is a potentially big pullback that is about to occur. Here are the details: After the range zone breaks to the upside, The market was in an aggressive bull rally to tray and test the 6-month high but has exhausted due to a strong bearish presence at the 6-month high. The next signal to confirm this will be a price break below the 20 EMA for a confirmation signal. Preferred Direction: Sell Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
Potential Short on USDJPY With the first trade working out on the USDJPY with the move from resistance of the top of the channel to the bottom with bearish RSI divergence its now setting up for another move to the downside with a break of the upward channel. For the second trade I am now looking for a retest of the break, there is some very good support with two trendlines converging @146.30 I will be looking for a rejection at this level and taking a entry with a stoploss at last swing high. Will be looking for a take profit at next resistance zone at around 138.00, it could be a bigger measured move with the channel pattern @131.00 so will use a trailing stop or move stoploss to last swing high if it gets to fist target area and update this idea if needed. Move SL to BE when safe to do so and good luck.
Short
by jason_rpprt
2
Bitcoin: Keep it up! 🐂Due to Bitcoin's impulsive rise in the past few hours, we now believe that the low of wave (iv) in turquoise has already been established. The next step should be a sustained move above the resistance at $46 008. Nevertheless, our Target Zone between $40 323 and $33 374 remains on the chart. Bitcoin will still work through this Zone if it opts for our new alternative (27%). In this scenario, it would only have completed the corrective wave alt. (B) with the most recent rise and would now complete the wave alt. (iv) in turquoise into our described Zone.
BINANCE:BTCUSDLong
by MarketIntel
2