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Downward Pressure Persists as Yen Strengthens on Rate Hike HopeHey Realistic Traders, Will OANDA:CADJPY continue its bearish trend? Let’s Dive In.... In the H4 timeframe, CADJPY has broken out of a distribution phase as it continues to move below the bearish trendline and the EMA-200 line. The pair also formed a Rising Wedge pattern, followed by an impulsive breakout, which strongly indicates the continuation of the prevailing bearish trend. Further confirming this outlook, the MACD momentum indicator has signaled a bearish crossover, strengthening our bearish hypothesis. Given these technical factors, we anticipate a potential downward movement toward the nearest historical support area (Target 1) at 105.955. After reaching this level, we foresee a minor correction back to the green zone before the pair resumes its bearish journey to the second target at 104.902. However, this bearish outlook remains valid only if the price holds resistance below the critical stop-loss level at 108.976. Fundamental Reason Supporting Yen Strength: The Bank of Japan (BOJ) is signaling further rate hikes as economic data, including wage growth and inflation, align with its projections. BOJ Governor Kazuo Ueda recently suggested that another rate hike is "nearing," citing steady progress in economic conditions. This hawkish stance further supports the bearish outlook on CADJPY, as a stronger yen typically exerts downward pressure on the pair. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY".
Short
by financialfreedomgoals101
Gold is still in a long term uptrend.At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future. Previously, gold investors were disappointed when the Fed sent out an unfavorable signal right after the monetary policy meeting on December 18. The US Central Bank issued a new forecast, showing that there will be 2 rounds of 25 basis point interest rate cuts next year. According to independent metal trader Tai Wong, Fed Chairman Jerome Powell revealed that he will slow down the process of cutting interest rates in the context of persistent inflation. This message from the Fed will make the gold price trend worse in the long term. Multinational investment bank Goldman Sachs predicts that demand for gold will remain strong as central banks seek to diversify their reserves, especially after Russia's assets are frozen in 2022. 🔥 XAUUSD SELL 2607 - 2609🔥 💵 TP1: 2600 💵 TP2: 2590 💵 TP3: OPEN 🚫 SL: 2615
OANDA:XAUUSDShort
by FalCol_TradingMaster
Could the Cable reverse from here?The price is reacting off the support level which is an overlap support that aligns with the61.8% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.2617 Why we like it: There is an overlap support level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.2523 Why we like it: There is a pullback support level. Take profit: 1.2731 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
World gold prices decrease when the USD increasesWorld gold prices fell more than 1% on Thursday as investors rushed to take profits after prices hit a 5-week high. "Gold still has an upward trend. However, last night's decline may have occurred because investors sold to take profits ahead of next week's meeting of the US Federal Reserve (FED)" - Zain Vawda - analyst market analysis at MarketPulse commented. This expert believes that the market is shifting its focus to next year's interest rate plan from the FED. This will determine the sustainability of the current uptrend. According to the CME FedWatch interest rate tracking tool, investors currently forecast a 98% probability of the FED cutting interest rates in December. In its "2025 Outlook" report released on Thursday, the World Gold Council (WGC) said the gold market will face two distinct scenarios next year as uncertainty dominates investor sentiment. . However, their base case predicts gold prices will move relatively neutrally if current market conditions continue. “The market consensus is that macroeconomic variables such as GDP, yields and inflation, if viewed in simple terms, suggest that gold will have positive but modest growth in 2025. 🔥 XAUUSD SELL 2698 - 2700🔥 💵 TP1: 2680 💵 TP2: 2670 💵 TP3: OPEN 🚫 SL: 2710
OANDA:XAUUSDShort
by FalCol_TradingMaster
EUR/USD 15-Minute Analysis: Breakout Opportunityn the 15-minute time frame, EUR/USD is approaching a purple resistance zone. Here's my idea: Entry Plan: If the price breaks out above the purple resistance with confirmation, it could provide a long entry opportunity. First Target: The next resistance level in the pink zone. Key Caution: Be mindful of the black line, where the Point of Control (POC) is located. This could act as a key level of reaction. Monitor price action carefully as we approach these levels to confirm the breakout and validate the move. Let me know your thoughts! 👍
Long
by rebenga93
XAUUSD Gold Spot Wave Analysis Elliott neoWaveThe gold chart is nearing the end of wave D and we should expect a price correction to complete wave E towards $2530 soon, but there may be a smaller upward wave remaining. First entry: 2700 Possible second entry: 2740-2750 Stop loss: 2775 Take profit: 2530 This offer has a risk/reward ratio of around 3 Make sure to involve less than 2-3% of your total capital and stick to money management principles This is just a suggestion for consideration
OANDA:XAUUSDShort
by Sina-TFX
Xauusd weekly chart Gold opened in a calm manner on Monday and spent the rest of the week fluctuating in a narrow channel at around $2,650. Trade Balance data from China and November inflation figures from the United States could help XAU/USD break out of its trading range next week. Gold resistance 2666/2690 On the flip side, the Asian session low, around the $2,614-2,613 region, now seems to act as immediate strong support ahead of the $2,605-2,600 area. This is followed by the 100-day SMA, currently around the $2,583 zone, below which Gold support 2604/2591
OANDA:XAUUSDLong
by JohnHarry_7
Bitcoin market analysis Key Indicators for a Possible Bitcoin Drop: 1. Descending Resistance (Trendlines): • The red trendlines on both charts indicate a series of lower highs, suggesting sellers are becoming increasingly dominant. • This descending resistance reflects bearish sentiment, as buyers fail to push prices above prior peaks. 2. Support Levels in Danger: • The 1-hour chart highlights a critical green support zone between $90,000 and $89,000. • Repeated testing of support levels without a significant bounce often signals weakening demand, increasing the likelihood of a breakdown. 3. Rejection at Key Levels: • Both charts show price rejections near resistance levels. Repeated failures at these points indicate strong selling pressure and a lack of bullish momentum. 4. Divergences in Momentum Indicators: • The bottom indicators in the charts, likely oscillators like RSI or MACD, appear to show bearish divergences. This suggests that while prices attempted rallies, underlying momentum weakened. 5. Short-Term Breakdown: • The 5-minute chart depicts a sharp drop and subsequent consolidation below a key price level ($102,500). This consolidation might represent a bear flag, a continuation pattern signaling further downside. 6. Market Context (Macroeconomic Events): • Upcoming economic data releases (referenced from Forex Factory) can introduce volatility. If the data is bearish for risk assets (e.g., hawkish Fed policies, poor global growth indicators), Bitcoin could face further downward pressure. Outlook: • A break below the green support levels (~$90,000) could trigger a cascading sell-off, with $85,000 or lower as the next potential target. • However, sustained consolidation or a sudden bullish catalyst above $102,500 would invalidate this bearish thesis.
COINBASE:BTCUSDShort
by US30EMPIRE
Gold Analysis December 6Fundamental Analysis Gold prices continued to struggle for a firm near-term direction amid mixed fundamental signals and remained confined within a familiar range in the first half of the European session on Thursday. Persistent geopolitical risks stemming from the worsening Russia-Ukraine conflict, trade war fears, and political unrest in France and South Korea served as drivers of the safe-haven precious metal. Additionally, a weaker US dollar (USD) was seen as another factor providing some support to the commodity. That said, expectations of a less dovish Federal Reserve (Fed) should trigger a modest rebound in US Treasury yields and limit the upside in non-yielding gold. In fact, comments from several FOMC members on Wednesday, including Fed Chairman Jerome Powell, suggested that the US central bank will adopt a cautious stance on rate cuts. Technical Analysis After this morning's unexpected technical decline, it seems that gold will want to fall into Nonfarm today. With prices pushing up near the 2637 area, it marks a recovery in the European session before gold is pushed back down in the US session. There are 2 breakout zones to watch at 2637 and 2643
OANDA:XAUUSD
by TVS-Trader
Several indicators suggest that the NASDAQ 100 (NAS100) may faceSeveral indicators suggest that the NASDAQ 100 (NAS100) may face a downturn in the near future: Technical Indicators: • Rising Wedge Pattern: The NAS100 has formed a rising wedge pattern, typically considered a bearish signal indicating a potential price decline. • Overbought Conditions: The Relative Strength Index (RSI) shows overbought levels, suggesting that the index may be due for a correction. Economic Data: • Manufacturing Sector Contraction: The ISM Manufacturing PMI rose to 48.4 in November but remains below the 50 threshold, indicating ongoing contraction in the manufacturing sector. • Slowing GDP Growth: The U.S. economy grew at an annual rate of 2.8% in the third quarter, down from previous quarters, reflecting a slowdown that could impact corporate earnings. Federal Reserve Policies: • Interest Rate Outlook: Federal Reserve officials have signaled caution regarding future interest rate cuts, which may affect investor sentiment and equity valuations. Market Sentiment: • Tech Stock Volatility: Recent declines in major tech stocks, including Nvidia and Microsoft, have led to broader market pullbacks, indicating potential vulnerability in the NASDAQ 100. • Strengthening U.S. Dollar: A stronger dollar can negatively impact multinational companies’ earnings, many of which are components of the NASDAQ 100. Considering these factors, there is a potential for the NASDAQ 100 to experience a decline in the near term. However, market conditions can change rapidly, and it’s advisable to monitor real-time data and news updates for the most accurate information.
OANDA:NAS100USDShort
by US30EMPIRE
Several factors suggest a potential downturn for the Dow Jones ISeveral factors suggest a potential downturn for the Dow Jones Industrial Average (US30) in the near term: Technical Indicators: • Overbought Conditions: The Relative Strength Index (RSI) indicates that US30 is approaching overbought levels, which often precedes a price correction. • Bearish Divergence: A rising wedge pattern coupled with bearish divergence signals a possible downward movement. Economic Data: • Manufacturing Slowdown: The ISM Manufacturing PMI rose to 48.4 in November but remains below the 50 threshold, indicating contraction in the manufacturing sector. • GDP Growth Concerns: Recent data shows the U.S. economy grew at its slowest pace in two years, with a 1.6% increase in GDP for the first quarter of 2024, missing forecasts. Federal Reserve Policies: • Cautious Approach to Rate Cuts: Federal Reserve officials have signaled a cautious approach to future interest rate cuts amid strong economic performance and cooling inflation, which may impact investor sentiment. Market Sentiment: • Strengthening U.S. Dollar: A rising U.S. dollar could pose challenges for stock-market bulls, potentially hindering further equity-market gains. • Technical Caution: Analysts warn of potential market corrections, with models indicating possible downturns during the holiday week. Considering these factors, there is a potential for US30 to experience a decline in the near future. However, market conditions can change rapidly, and it’s advisable to monitor real-time data and news updates for the most accurate information.
BLACKBULL:US30Short
by US30EMPIRE
Gold (XAU/USD) Market Analysis: Indicators Point to Potential DoGold (XAU/USD) Market Analysis: Indicators Point to Potential Downtrend Several factors suggest that gold prices may experience a decline in the near term: 1. Technical Indicators: • Moving Averages: Current analyses indicate a ‘Sell’ signal based on moving averages, reflecting bearish momentum. • Oscillators: Indicators such as the Relative Strength Index (RSI) are neutral, while others like the Stochastic Oscillator point towards a ‘Sell’ signal, suggesting downward pressure. 2. Economic Data: • U.S. Economic Growth: The U.S. economy grew at a 2.8% annual rate in the third quarter, driven by strong consumer spending and increased exports. This robust growth reduces the appeal of gold as a safe-haven asset. • Manufacturing Orders: In October, U.S. factory orders rose by 0.2%, the first increase after two months of decline, indicating a potential stabilization in the manufacturing sector. 3. Federal Reserve Policies: • Interest Rate Outlook: The Federal Reserve’s regional survey reflects slight economic growth, with stable employment levels and modest price increases. This may influence the Fed to maintain or adjust interest rates, impacting gold prices. 4. Market Sentiment: • U.S. Dollar Strength: A stronger U.S. dollar makes gold more expensive for holders of other currencies, potentially leading to a decrease in gold demand and prices. • Geopolitical Factors: Recent geopolitical developments, such as cease-fires in conflict regions, can reduce demand for gold as a safe-haven asset, exerting downward pressure on prices. Considering these factors, there is a potential for gold prices to decline in the near term. However, market conditions can change rapidly, and unforeseen events may alter this outlook. It’s advisable to monitor real-time data and news updates for the most accurate information.
OANDA:XAUUSDShort
by US30EMPIRE