AUD/USD:SELL From Resistance Area FIBO Levels DIV. SHORT SetupAUD/USD after the raising of the value in the last days, the price, looking at the daily charts it's retesting a strong resistance level in confluence with the Fibonacci levels and divergence RSI. In the lower timeframe, Divergence is also stochastic and our Idea is about a new pullback in the short side of the chart.
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GOLD:SELL Price In Divergence After $1,835 Spike SHORT SetupGOLD After the last bullish impulse the price is trying to mitigate again the value. The precious metal has been trading lower on Tuesday, giving away gains after a spike high to $1,835 seen on Tuesday. The moderately positive market mood, triggered by news that China is scrapping quarantine for inbound travelers has lifted the market mood in an otherwise quiet post-Christmas market. In the chart, we can see a Divergence and the price may have a new Bearish impulse.
EUR/USD:SELL From Resistance Level For A SHORT Setup EUR/USD inside a sideways area reaches the upper side of the lateral channel, this one can work as a resistance area for the price and have a rejection with a potential reversal. Today the USA – Pending Home Sales (MoM) (Nov)may give a boost for the USD with a bearish impulse in this pair.
USD/CAD:BUY From Dynamic Resistance 61.8% FIBO for A LONG setupUSD/CAD inside a Bullish channel the price may have a reaction on the dynamic trendline of the lower side channel in confluence with the 61.8% Fibonacci we are looking for a Bullish impulse. The stochastic is in an oversold area and the Today Key events for the US may give the boost for this pair for a new long impulse
USA – Pending Home Sales (MoM) (Nov)
TONUSDT Analyst in Daily 💠Hi guys 🌟
Most of the big companies, institutions or organizations try to launch their own coin or blockchain network. The popular messenger Telegram is no exception to this rule, Telegram's exclusive coin (Telegram) has shown a very good trend in this bearish market. This coin has been released under the name of Ton (TON).
The site Cointelegraph has chosen this coin as the top 5 cryptocurrencies of 2022.
TON cryptocurrency performance in 2022
Rate of return: negative 30.5%
Department of activity: smart contract
Current market cap: $3.52 billion
Technical analysis of TON cryptocurrency in daily time frame
Currently, as can be seen in the chart, this cryptocurrency continues its upward trend. Because the current price is bullish as long as it is above the previous pivot point ($1.8 level).
Is this 30% drop of TON cryptocurrency a price correction or the beginning of a downward trend? In the following, we will answer this question with several technical points.
The price of this cryptocurrency has now entered a corrective phase after a Sharpie rise to the $2.9 level, as you can see, the price has reacted to the 0.5 ($2) Fibonacci line. But the selling pressure is so high that the price is expected to choose lower levels for a range move (neutral) or a retracement move.
Note: The 0.6 Fibonacci line is located at the $1.8 level, and the POC line in the Fixed Range Volume Profile utility also shows the $1.8 level as a high trading level. The level of $1.8 is also a trading node, the sellers who entered the position (Sell) at higher levels have chosen this level as their target.
Therefore, according to the above point, if TON cryptocurrency does not have the ability to form return patterns at the level of $1.8 and the price breaks this support level downwards. We can say that it has entered a downward trend and this price drop is no longer in a corrective phase.
If the above scenario does not happen, the price is expected to react to the targets of $2.4, $2.6, and $2.9.
Supports: $2, $1.8, $1.5, $1.2
Resistances: $2.4, $2.6, $2.9
GBP/USD:SELL From Resistance Area For A New SHORT Setup GBP/USD still inside a Bearish channel where in the last hours the price has configuration for a new bearish pullback on the resistance area where the FIBO level are placed with the levels 38.2% and 50%.
The stochastic is already in Overbought with divergence.
Today Key events:
USA – Pending Home Sales (MoM) (Nov)
GOLD:SELL From Re-Test Dynamic Trendline For A SHORT SetupGOLD ready for a re-test on the previous breakout trendline in confluence with the fibo levels 61.8% and the stochastic in overbought scenario could make a new bearish impulse in the lower side of the chart. we are looking for a bearish setup here.
GBP/USD:SELL From Resistance Trendline Bearish Channel SHORTGBP/USD inside a Bearish channel today can have a reversal from the upper side of the dynamic trendline of the channel resistance for a new reversal in the direction of the main trend. The Stochastic indicator is in the overbought area with divergence and we are looking for a new reversal on the lower side of the chart. Today there is the US Unemployment Claims that measure The number of individuals who filed for unemployment insurance for the first time during the past week, Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy. If this data will show a lower number of claims, this will give a boost for the USD to grow and for the GBP to fall.
EUR/USD:SELL From Resistance Area For A New SHORT SetupEUR/USD inside a Sideways area today can have a reversal from the upper-side resistance area where the price in the last sessions had already rebounded several times. Today there is the US Unemployment Claims that measure The number of individuals who filed for unemployment insurance for the first time during the past week, Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.
The Stochastic indicator is in the overbought area and we are looking for a new reversal on the lower side of the chart.
GOLD:SELL From Resistance Level FIBO For A SHORT Setup ⚡️GOLD the price After our Take profit made Yesterday the price is trying to recover value today but the trend in the short period looks at this commodity in a Bearish momentum. The price today is struggling in a resistance Area with the confluence of the Fibonacci levels our Forecast continues to be bearish side.
Important will be today the Key events:
USA – Core Durable Goods Orders (MoM) (Nov)
USA – Core PCE Price Index (MoM) (Nov)
Canada – GDP (MoM) (Oct)
USA – New Home Sales (Nov)
We are Looking for a new SHORT setup here.
GBP/USD:SELL From FIBO Levels Resistance For A New SHORT ⚡️GBP/USD after reaching our yesterday target the price is still inside a Bearish channel and we are looking for a new possible pullback on the lower side of the market to close the Christmas rally. Important will be today the Key events:
USA – Core Durable Goods Orders (MoM) (Nov)
USA – Core PCE Price Index (MoM) (Nov)
Canada – GDP (MoM) (Oct)
USA – New Home Sales (Nov)
We are Looking for a new SHORT setup here.
NZD/USD:SELL From FIBO Resistance Levels For A New SHORT Setup⚡️NZD/USD Inside a Bearish channel in the last hours price is trying to recover value but as you can see the price is making Lower-highs and Lower-lows. Now the Price is approaching a Resistance Area with the presence of the FIBO Levels where in this spot the price may have a new Reversal in the direction of the main trend.
Important will be today the Key events:
USA – Core Durable Goods Orders (MoM) (Nov)
USA – Core PCE Price Index (MoM) (Nov)
Canada – GDP (MoM) (Oct)
USA – New Home Sales (Nov)
We are Looking for a new SHORT setup here.
GBP/USD:SELL From Resistance Bearish Channel SHORT Setup ⚡️GBP/USD as predicted yesterday from our forecast, the price has fallen down. After the retest of the previous Resistance level inside a Bearish channel, the price may continue its Bearish rally after the USD economic news that shows a positive consensus or better compared with the previous one. We are looking for a Short impulse continuation.
EUR/USD:SELL From Sideways Area Waiting US Economic Data SHORT ⚡EUR/USD is still inside a sideways area where the price can start a new bearish rally. In the daily timeframe, the price seems to make a double Top / Pullback after the raising of the last sessions, and Today the economic news, in detail, the Key events USA – GDP (QoQ) (Q3) and the USA – Initial Jobless Claims can give a new boost for the USD to recover the decline of the lasts sessions. We are Looking for a Bearish Setup for EUR.
USD/CAD:BUY From H&S Pattern For a LONG Setup ⚡️USD/CAD in an Uptrend in the last sessions forms a Head and Shoulder pattern of continuation where today the price is making the right side of this pattern. The pattern can be confirmed today if the economic news about the USA – CB Consumer Confidence, The USA – Existing Home Sales, and the USA – Crude Oil Inventories will positive. We are looking for a Long setup
GOLD:SELL BAT Pattern Double TOP Resistance SHORT Setup ⚡️GOLD possible Short Setup with formation BAT Pattern in area 1820.00 with possible double TOP on this resistance level.
The stochastic is also in the overbought scenario and our forecast is Bearish. Today the Economic news will be crucial to understand the next movements of this metal.
Key events:
Canada – Core CPI (MoM) (Nov)
USA – CB Consumer Confidence (Dec)
USA – Existing Home Sales (Nov)
USA – Crude Oil Inventories
GBP/USD:SELL From 61.8% FIBO Bearish Channel SHORT Setup ⚡️The British Pound, following our yesterday forecast it's inside a bearish channel in the lower timeframe and a narrow/ sideways area in the higher. The price had a double rebound on the 61.8% Fibo inside the channel and today the US economic news may be crucial for all the pairs against USD to understand the next movement for the end of the year.
Key events:
Canada – Core CPI (MoM) (Nov)
USA – CB Consumer Confidence (Dec)
USA – Existing Home Sales (Nov)
USA – Crude Oil Inventories
GBP/USD:SELL Price Inside Bearish Channel For A New SHORT SetupGBP/USD yesterday reached our Take profit following our forecast, today the price is still inside a Bearish channel and our Idea continues to see the Pound Weak to the USD. Today will be crucial to understand the main scenario with the release of US Building Permits and Housing Starts. Our forecast is about a new Short Impulse.
GOLD:SELL From Resistance Area 50% FIBO for SHORT SetupGOLD after the strong bearish impulse of the last sessions, the price today retests the 50% Fibonacci Level in confluence with the dynamic trendline, and all the clues are about a new Bearish impulse in the direction of the main trend. The stochastic shows also a Overbought situation.
EUR/USD:SELL From Bearish Channel For a New SHORT SetupEUR/USD is inside a bearish channel, after the progressive recovery of value in the last sessions, the price is struggling to grow more and a new bearish impulse it's ready to the corner for the EUR. Our forecast for the end of the year is about a comeback on the bearish side for this value.