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EURUSD Potential for up trend continuationEUR/USD rebounded from a support level, influenced by impactful news surrounding the Euro. The market remains in a consolidation phase as the year-end approaches, likely staying within last week’s trading range. A rejection signal at the support level and the downward trendline could indicate potential upward movement, suggesting oscillation within the consolidation zone’s highs and lows. The recent breakout from a falling wedge pattern points to a possible rise. The target resistance zone for this movement is around 1.05620
Long
by RTED_Investing
Bitcoin hits a new ATH! Potential for a higher swingBTC/USDT has reached a new all-time high, breaking out of a trend continuation pattern commonly observed in this market. The long-tailed bar on the weekly timeframe indicates potential momentum toward the 115,000 level in the near future. Currently, the market has made an impulsive upward move and is now consolidating sideways. A pullback toward the support zone and upward trendline may precede further upward continuation if rejection candles form, signalling buying pressure. The target resistance zone for this movement is around 108,000
Long
by RTED_Investing
EURUSD → Consolidation before Fed Interest Rate DecisionFX:EURUSD is in a consolidation phase, as is the dollar index. The outcome could be decided this week. Traders are waiting for the FED meeting on US interest rates Globally the trend is neutral, but the price is consolidating near the key support that has been holding the market for two years. Aggressive interest rate cuts in Europe are putting overall negative pressure on the currency pair. The dollar may go into a downward correction if the decision to cut interest rates is made on December 17-18. But any hint of hawkish policy on the part of the Fed may strengthen the dollar, which will intensify the decline in EURUSD Resistance levels: 1.0607, 1.065 Support levels: 1.045, 1.033 Based on interest, amid the downtrend, the price has not yet reached the key liquidity zone. Before important news, the market may reach 1.0607. But based on the technical and fundamental background, the fall may continue, and a breakdown of 1.0448 will strengthen this fall. Regards R. Linda!
Short
by RLinda
2
XAUUSD Testing The Idea That Trend Keeps TrendingPreviously when I am doing the DCA thing, I would long when price is at support, and when price breaks through support, I would continue to DCA. However, now I have a new idea since last week, that is to trade in the direction of the current wave's trend while taking into account the overall trend and market condition. Now, even though I believe that a finite resource such as gold (at least on earth), would increase in price in the long run, but it has it's own cycles of ups and downs in the short run, and in this current cycle, I believe it is going to go downwards. Even though price is obviously at a minor Support area currently, but I am going to short XAUUSD because the trend is down, now. Unless if price really pushes itself upwards, and trends upwards, otherwise I have zero reason to be buying right now. Alrighty now, I am not buying now. I am just testing this idea out and journalling it here for all to see if anyone is interested. We shall see how it goes. TLDR : Price trends in one direction, buy in that direction. If price reverses in the opposite direction completely, we would close the current positions and open new positions in the new direction. 1439SGT 16122024
OANDA:XAUUSDShort
by ProfessionalDuckHunter
Zcash, possible entry after the correction?Hello, fellow traders! This is my analysis on Zcash (ZECUSDT). 1️⃣ Analysis Before diving into Zcash’s chart, I first want to address the current market sentiment. Bitcoin’s price remains within the demand zone of 97k – 100k, currently testing the support line of the uptrend channel (yellow channel). Bitcoin’s movements in the next few days will be critical as Bitcoin breaking below this channel could trigger fear throughout the market. If it manages to stay within the channel, however, bull rally may continue. The candle is currently bullish, which is ideal, but with 15 hours remaining until the close, things can always change. (I am using UTC-5 as my chart timezone.) Ethereum’s candle is also bullish, and the price remains within the uptrend channel, which is ideal. Dogecoin’s movements are also crucial, as it is leading the rally. However, it’s not looking too good for Dogecoin right now as its price broke below the channel yesterday. It would have been much more ideal if the price stayed within the channel like Bitcoin or Etherum but unfortunately that didn’t happen. That said, there’s still a chance for improvements. The price is still within the Price Action Zone (PAZ) and despite the current candle being bearish, the long lower wick suggests that most of today’s decline has been recovered. As I write, the candle is forming a semi-doji star, with the price only just few ticks below the open price. If the price manages to reenter the uptrend channel, it could signal a strong possibility of the rally continuing. Lastly, here’s a BTC Dominance chart. We’ve seen a lot of volatile movements for yesterday, but the candle eventually closed as a perfect doji star. (Open and close were same at 56.94%) While seeing a perfect doji star is notable, Dominance has only been increasing today (Open and low are same at 56.93%). This reflects the psychology behind the curret market of people preferring Bitcoin over altcoins as the market faces growing uncertainties, which could also explain Bitcoin’s performance today. But we still have around 15 hours left until the candle closes and shift of momentum – similar to yesterday – remains possible. Ideally, we’d like to see the Domiance to drop as we are seeking to invest in altcoins. With this context, let’s now dive into the Zcash’s chart. Zcash has also suffered from the recent correciton, with its price dropping 21%. However, we see a bullish hammer candle for yesterday (or a close doji-star as I want to call it 😅). The long lower wick also suggests that the buyers were able to absorb the selling pressure. Today, the chart is currently showing another green hammer, but the candle has been fluctuating between red and green so we will have to wait and see how it closes. The candle from the day before yesterday touched the 49.44 level (which was previously a major resistance level) before retracting. Additionally, yesterday’s candle’s low also came close to the resistance line of the uptrend channel. Both are positive signs suggesting a potential rebound. 2️⃣ Expectations With 15 hours remaining until the candle closes, a bullish close could present a possible entry for long. (As I write, Dogecoin’s candle has just turned to green. However, this could be temporary, and we cannot be sure until the candle closes.) 3️⃣ Key approach Our first strategy is to enter long after 3 consecutive bullish candles. With yesterday’s candle already bullish, we now aim for the current candle and tomorrow’s candle to close as bullish as well. If the circumstances are promising, we may consider entering before tomorrow’s candle closes. We also must be mindful of the Price Action Zone as turbulence might occur – and in the worst cases, even a bearish rebound. It is always best to respect such zones, but the current market sentiments also tend to bypass major demand levels & zones. 4️⃣ Other approach No other strategy for this one :) 5️⃣ Considerations Zcash has a market cap of 956 million USD, which is very close to 1 billion. This crypto is definitely much safer than some of the other cryptos I’ve posted about which is positive. I emphasize this in every post, but I can’t emphasize it enough – Zcash as well as any other cryptos will be heavily influenced by the movements of the giants. Keep watching these giants’ movements as well as the BTC Dominance chart to confirm market sentiment and stay cautious. Thanks! React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful. God bless :) James 1:5-8
Long
by QJEEE
1
US DOLLAR STILL STRONG BULLISHUS DOLLAR potentially continue it's strong bullish movement as several economic data released last week show us strong labor and inflation is still under control. This week we will face FED Meeting on 18 Dec and FED FUND FUTURES gives 96% number of lower rates (425-450 bps). In general, interest rate cut will give a weak movement for dollar. But, as a good trader, we must know that FED cut rate is a normalization that driven by optimism that inflation is under control and labor market remain strong. This is the reason why dollar still in a strong condition. Technically, dollar could go up to 109.6xx and i see 105.6xx as a invalid level for buyer to hold dollar. And please be careful for you who hold counter currency of dollar (AUDUSD, EURUSD, etc) in long position because those pairs still driven by strong bearish movement.
TVC:DXYLong
by vicariuzchrist
EURUSD InsightHello to all subscribers! Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe for more updates! Key Points - Reports indicate that the Bank of Japan is considering holding rates steady due to increasing uncertainty in the U.S. economic outlook caused by Trump’s trade policies. - The Fed is expected to cut rates by 25 basis points at the December FOMC meeting, though projections suggest an upward revision of the dot plot. A rate hold is anticipated in January. - The European Central Bank (ECB) decided on a 25 basis point rate cut. Some members dismissed the possibility of a 50 basis point cut, showing support for gradual 25 basis point reductions. - The Bank of England (BOE) is expected to maintain its policy rate at 4.75%. Key Economic Data + December 17: U.S. November retail sales + December 18: U.K. November Consumer Price Index (CPI), Eurozone November CPI, FOMC meeting results + December 19: Bank of Japan (BOJ) rate decision, BOE rate decision + December 20: U.S. November Personal Consumption Expenditures (PCE) Price Index EUR/USD Chart Analysis EUR/USD is currently consolidating within a narrow range. If it breaks above the resistance at 1.06000, an increase to 1.07500 is expected. Conversely, if it breaks below the support at 1.04500, a drop to 1.03400 is anticipated. At the current price, a short-term rise toward the 1.06000 level is likely. If the market behaves differently than expected, I’ll quickly adjust the strategy.
Long
by shawntime_academy
Crude Oil (102 points LONG +4R) Secured for DA HOUSE!!!NYMEX:CL1! '2025 For a gr8ter reward, we must go to the valley to CONQUER!! #500K Please take the time to watch how I predicted before hand that we would catch LONG on Crude OIl if we could see a specific sequence of events take place in PA therefor compelling us to enter the market LONG.... We did just that and the trade ran all the way to TP. Stats; 102pts LONG +4R Secured!! Well Managed, on to the next HP SU! +Shalom #APBTG #BHM500K Remember 'Our Profession is to Manage the downside costs of Printing HIGHSIDE returns of $$$ consistently, done correctly; Well abundance awaits us.' -500KTrey
NYMEX:MCL1!Long
by TreyHighPwr
XAUUSD 15/12/24Coming into this week, we are observing a clear shift in market bias that occurred at the end of last week, transitioning from bearish to bullish. After running the highs and selling off, we are now looking to run the lows and then buy back into the same highs. This setup could shape up to be a strong week for longs in gold, potentially leading to a clean bull run as Christmas approaches and the market slows down. Based on the content shown on our charts, we can see there was "money out" within our supply zone, which triggered the previous downward shift. Now, we are looking for "money in" within our entry timeframe, which is the 15-minute chart. Watch for a clear entry around the lows. Additionally, there is liquidity above the current highs, which could fuel the next upside move. Trade safely and stick to your plan.
OANDA:XAUUSD
by PipSurfingSociety
Gold Technical Analysis: Volatility Ahead of Fed Rate DecisionGold Technical Analysis The market will remain volatile this week due to the impact of Fed Rate Decision and GDP data. Gold's direction will hinge on these events, particularly the Fed's stance on interest rates. Bearish Scenario: Continuation Conditions: - Price needs to stabilize below 2653 (Pivot Point). - A further breakdown and 1H or 4H candle close below 2638 will open the door to 2623. - Bearish momentum could strengthen further if the Fed rate remains at 4.75% or signals a hawkish stance. Bullish Scenario: Continuation Conditions: - A rate cut of 25 bps by the Fed will support bullish sentiment, driving prices upward. - Price needs to break and hold above 2653, targeting resistance levels at 2665, 2678, and 2690. Key Levels Pivot Point: 2653 Resistance Levels: 2665, 2678, 2690 Support Levels: 2638, 2623, 2612 Trend Outlook - Bearish: If the price stabilizes below 2653 and key support levels break. - Volatile: Driven by the Fed's decision and market reaction to GDP data. Summary - Bearish Trigger: Close below 2638, targeting 2623 and potentially 2612. - Bullish Trigger: Fed cuts rates by 25 bps, and price breaks above 2653, aiming for 2665 and higher levels. previous idea:
OANDA:XAUUSDShort
by SroshMayi
GBPCHF Ready for a breakthroughHello Traders In This Chart GBPCHF HOURLY Forex Forecast By FOREX PLANET today GBPCHF analysis 👆 🟢This Chart includes_ (GBPCHF market update) 🟢What is The Next Opportunity on GBPCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000