Supply and Demand
WEEKLY FOREX FORECAST: USD Still Bullish? YES! Buy It!This forecast is for the week of Dec. 16th - 20th.
The USD INDEX is indicating strength, continuing from last week going into this week.
The economic calendar has red folders for every day this week.
THe xxxUSD pairs are looking bearish, while the USDxxx pairs are looking bullish.
The USD Index closed last week very bearish, trading through the previous week's low. A pullback makes sense for this week, at least for the beginning of it. With NFP coming on Friday, trading up until Wed may be the safest way to go.
Check the comments section below for updates regarding this analysis throughout the week.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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Transcript
Intraday Levels for Nasdaq 100 Futures - 12/19/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
BIG positionHello friends
This coin is located in a very, very foggy support area, and by maintaining this support area, you can expect a 50% growth from it up to the previous ceiling, which will be our first target, and we will update the following targets if needed.
Again, note that maintaining this support range is very, very important.
If you like this analysis, give us energy with like and comment.
USDJPY: Is It Time to Intervene in the FX Market? As noted in the previous analysis, the pair saw an upward movement and reached the 158 supply zone. Given the current fundamental conditions, we don't view a bearish scenario for this pair as likely unless the Bank of Japan intervenes in the currency market. Otherwise, if the pair experiences a correction, a buy opportunity may arise again. The valid demand zone is around 154.
XAUUSD M15 OUTLOOK (23/12/2024)We can see a significant drop in price, followed by consolidation and a potential retracement. The projected movement suggests a rise towards the DEC POI zone, followed by a significant drop.
This setup offers potential entry points and price targets for trading XAU/USD. Keep these levels in mind and trade wisely!
NAS100 DEC 23 -27 MARKET BREAKDOWNAnalysis Based on the Chart:
1. Bullish Context:
The overall trend is bullish, and the market has recently pulled back to a key support zone:
• The 50% Fibonacci retracement level aligns with both historical support and a daily bullish order block (OB).
• Price action respecting this level suggests a potential continuation to the upside.
2. Daily Break of Structure (BOS):
The BOS on the daily timeframe confirms a shift to bullish momentum, indicating that higher highs could be the next target.
3. Liquidity Sweep:
The sharp pullback appears to have cleared out liquidity (stop-loss clusters from retail traders) below the recent swing low. This is a common pattern before a bullish push.
4. Confluences for Entry:
• The pullback to the Fibonacci 50% level gives a high-probability entry point.
• The price has respected both dynamic support (trendline) and horizontal support at the bullish OB.
BTC/USD ANALYSIS BY DAVID JOSH BTC/USD H4 CHART ANALYSIS
The BTC/USD chart on the 4-hour timeframe suggests a potential reversal pattern amid recent volatility. After reaching a peak near $109,551, Bitcoin has faced downward pressure, testing key support levels around $92,633. This reflects a corrective move following its upward trajectory.
Fundamentally , the market is influenced by macroeconomic factors such as regulatory news and institutional investment trends in cryptocurrency. Market sentiment remains cautious with traders closely monitoring global economic cues.
Key Levels:
Resistance: Around $104,339
Support: Critical at $92,633
Trading Strategy
Traders might consider buying opportunities if the price breaks above resistance at $101,158 with strong volume. Conversely, a break below current support could signal further downside risk to the lower support level.
Risk management is crucial given Bitcoin's inherent volatility. Monitoring fundamental indicators alongside technical signals can help navigate this dynamic market environment effectively.
KAIAUSDT - Technical Analysis and Trading Plan
Market Overview
KAIAUSDT has shown a strong bounce from the lower boundary of the descending channel, with signs of a potential trend reversal. The price is attempting to break the structure, and the target is set at 0.3997.
Key Observations
1. Descending Channel:
- KAIAUSDT has been trading within a descending channel for a significant period.
- A breakout above the channel will confirm bullish momentum.
2. Entry and Stop-Loss:
- Entry is identified around 0.2282, aligning with a rebound point.
- Stop-loss is placed at -5%, below the recent low, to minimize risks.
3. Take-Profit Level:
- The first target is highlighted at 0.3997, which aligns with prior resistance levels.
4. Bullish Momentum Signs:
- Price has been forming higher lows near the lower boundary of the channel, indicating potential accumulation.
Momentum and Indicators
1. Volume:
- Increased buying volume near the lower channel boundary indicates strong bullish interest.
2. Projection:
- If the price sustains above the entry level and breaks the channel, further upward momentum is expected.
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Trading Plan
1. Entry Points:
- Enter around 0.2282, as the price is showing signs of reversal.
2. Stop-Loss:
- Set a stop-loss at 5% below the entry level to manage risks effectively.
3. Profit Targets:
- Primary Target: 0.3997, as highlighted on the chart.
4. Risk Management:
- Avoid over-leveraging and risk no more than 2% of total capital on this trade.
Scenarios
1. Bullish Scenario:
- Price breaks out of the descending channel and continues toward the target of 0.3997.
2. Bearish Scenario:
- Failure to sustain above 0.2282 may lead to a retest of lower levels within the channel.
Pro Summary
KAIAUSDT is showing potential signs of a bullish reversal, supported by the channel pattern and volume analysis. Traders should monitor the breakout confirmation while aligning their trades with the defined entry, stop-loss, and target levels.
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DYOR (Do Your Own Research)
This analysis serves as an overview of potential trading strategies and market behavior but is not exhaustive. Traders are encouraged to perform additional analysis to make informed decisions.
Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies and other financial instruments involves risks, including capital loss. Always consult a financial advisor before making investment decisions.
XAUUSD POTENTIAL OPPORTUNITY AROUND THE CORNER!!! DON’T MISS ITTaking into consideration, the market condition for the past 3 months+, we can deduce the trending nature of Xauusd from 2380 to the all time high price of $2,780 before it recorded a rapid decline in price which took 50% retrace of the impulse move to the upside when measured with fibinacci tool from 2380 to 2780. Going into new week. We approach the market with caution. As we watch closely, how market participants are likely to react to the present market conditions. Whether buyers are likely to take up the price higher or this recent pullback is just a setback for buyers thereby making price to dump lower.
Unlock Hidden Profits: Expert Gold (XAU/USD) Analysis!FXOPEN:XAUUSD
Price Action Analysis and Strategy by @Alexgoldhunter
Key Levels and Structures
Break of Structure (BOS):
Multiple BOS annotations indicate significant shifts in market structure. These are key points where the price has broken previous support or resistance levels, suggesting potential trend changes.
Equal Highs:
A region marked as "Equal Highs," indicating a resistance level where the price has repeatedly failed to break above. This is a potential area to watch for a breakout or reversal.
Strong High:
A "Strong High" is marked, indicating a significant resistance level that has held firm. This is a critical level for potential sell opportunities if the price approaches it again.
Fibonacci Retracement Levels:
The chart includes Fibonacci retracement levels (0.382, 0.5, 0.618, 0.705, 0.786) from a recent high to low. These levels are used to identify potential support and resistance areas.
Indicators:
Volume:
Volume bars indicate the trading activity. Higher volume on up moves suggests strong buying interest, while higher volume on down moves suggests strong selling interest.
RSI (Relative Strength Index):
The RSI is currently at 44.81, which is below the 50 level, indicating bearish momentum but not yet in the oversold territory.
MACD (Moving Average Convergence Divergence):
The MACD line is at 1.265, the signal line is at -5.079, and the histogram is at -6.344. The MACD is below the signal line, indicating bearish momentum.
Buy Strategy:
Support Levels:
Look for buying opportunities near strong support levels, such as the recent low around 2,580.000 USD.
Watch for bullish reversal patterns (e.g., double bottom, bullish engulfing) near these levels.
Fibonacci Retracement:
Consider buying near the 0.382 (2,607.921412) or 0.5 (2,615.847) Fibonacci retracement levels if the price shows signs of reversal.
RSI and MACD:
Look for the RSI to move above 50 and the MACD to cross above the signal line for confirmation of bullish momentum.
Sell Strategy:
Resistance Levels:
Look for selling opportunities near strong resistance levels, such as the "Strong High" or "Equal Highs" around 2,640.000 USD.
Watch for bearish reversal patterns (e.g., double top, bearish engulfing) near these levels.
Fibonacci Retracement:
Consider selling near the 0.786 (2,635.056476) or 0.705 (2,629.61603) Fibonacci retracement levels if the price shows signs of reversal.
RSI and MACD:
Look for the RSI to move below 50 and the MACD to cross below the signal line for confirmation of bearish momentum.
Simple VIP Signal:
ENTRY: 2,580.000 USD
TP1: 2,607.921412 USD
TP2: 2,635.056476 USD
SL: 2,540.000 USD
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Disclaimer:
Disclaimer: Trading involves substantial risk and is not suitable for every investor. The analysis and strategies provided here are based on historical data and technical analysis techniques, which do not guarantee future performance. Before making any investment decisions, please consider your financial situation, level of experience, and risk tolerance. Always do your own research and consult with a financial advisor if necessary.
CLSK a lesson in supply and demandObserve this chart. You will note how powerful weekly supply and demand zones can be. Strong buying came in in the green box (demand). Strong selling arrived in the red box (supply). These are some of my favorite strategies for my most preferred setups which are multi-week/month. I would not be surprised to see a test back into the demand zone on this diltuted stock. Bitcoin bulls are simply buying the ETF and better proxies these days including MSTR, HOOD, COIN, and IBIT.