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15.12.24The final week of 2024 will see key decisions from the Federal Reserve, Bank of Japan (BoJ), and Bank of England (BoE), likely impacting global markets. Fed Meeting: A 25-basis point rate cut is expected, with attention on guidance for 2025. The market will watch for signs of slower cuts if inflation rises or unemployment increases. BoJ Meeting: The BoJ is likely to hold rates steady, awaiting more data on wages and economic conditions. BoE Meeting: The BoE is expected to keep rates at 4.75%, with rate cuts possibly delayed until February due to UK economic weakness. Global PMI Data: Economic slowdown signals from Europe, the UK, and the U.S. suggest ongoing concerns about global growth. Oil Prices: Prices have risen amid tighter supplies from Russia and Iran sanctions, with potential demand boosts from lower global interest rates. Us30: After price fell below the previous weeks low, price kept on falling inidcating a weaker markets to inflation concerns and other factors. I will like to see if price can reach 42893.15 Ger40: Price struggled to traded out of previous weeks high and shows the strength being lost in the DAX. I'd still ike to see price break higher, till then at the start of the week I have price moving below 20366.4 first
EIGHTCAP:US30
by S0202Trades
#202450 - priceactiontds - weekly update - daxtl;dr dax xetra: Market has printed the most shallow two-legged pullback imaginable and this is as bullish as it gets. Are bulls getting stopped by at least 2 upper trend lines which could continue to be resistance? I highly doubt it. If we get above 20600, there is no reason to not just go to 21000 or higher. I have two potential measured moves above 21000 but until we have a daily close above 20800, there is no reason to look for targets that high. Bears can only begin to dream again with a daily close below 20000. Quote from last week: comment: Late bull breakout during the week like the week before that. Another clear buying signal going into next week. There is not much to add from my tl;dr. Both of my upper bull trend lines run through 20k and I have multiple measured move targets there. More than enough reasons to be bullish and look for longs. Bears can do almost nothing to change my mind, unless we see on giant bear bar closing below 19100 on Monday. comment: Since the market did not go down even the slightest, we can not hold any other thoughts than bullish ones. I won’t do anything other than small scalps on this though. On my chart I have marked the most extreme cases to either direction for the next 3 weeks. I give the bearish one a chance of at max 30% while the bulls are heavily favored to either move higher or at least sideways only. I can’t really imagine reaching 21500+ but that’s the biggest measured move I have calculated. I do think 21k and then sideways is the most reasonable outlook. current market cycle: Bull trend - parabolic rally which is the very end. key levels: 20000 - 21000 bull case: Bulls send a strong message, closing Opex above 20000, so they remain in full control and 21000 has become a possibility for the next 3 weeks. We are still trading near at least 2 upper bull trend lines but since market is not showing big reactions to the downside, we can only expect higher prices. A daily close above 20500 brings 21000 in play. Invalidation is below 19100. bear case: The pullback did not manifest at all and even if bears get this down to 20000 next week, I think we find way more buyers then sellers at that price. Bears really have no arguments at all on their side, besides the upper trend lines which are above us but at this point, I doubt they will be much resistance going into the next 3 weeks. Only thing that would make me more neutral would be a really strong bear bar closing below 20000 tomorrow. If bears somehow manage to do that, we could test down to my C target from last week, which is the breakout price around 19670. For now, I won’t look for shorts unless we see a huge volume increase on strong follow through-selling. Invalidation is above 20500. outlook last week: short term: No more bullish outlooks. I want to see big juicy red bars and people posting on x about “buying opportunity of a lifetime” while they double down all the way back to 19000. Neutral until bears come around. No interest in buying anything above 20100 as of now. 20k might be a decent long scalp for a quick bounce. → Last Sunday we traded 20384 and now we are at 20405. Perfect outlook, given I was neutral until bears would come around. They did not and market went nowhere on the week. short term: Given that we are in the most bullish season of the year and bears could not even get the market to drop into Opex, I can not hold any bearish wishful thought anymore and I will only look for small long scalps over the next 3 weeks. Daily close below 20000 would make me reevaluate. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 next week. current swing trade : None chart update: Added potential measured move higher.
XETR:DAXLong
by priceactiontds
THE US DOLLAR (DXY) // primary long expansionThe last impulse, that is visible even on the weekly chart, broke the weekly structure. The emerging countertrend only came back to 23.6, but tested the weekly (and H4) breakout, and turned up in the direction of the primary trend. This is the expansion phase with a target of 109.00, and it is valid until the structure breaks on H4. ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
TVC:DXYLong
by TheMarketFlow
Idea on DXY Dollar Index (DXY) continued to go higher on better-thanexpected PPI and softer EUR, following ECB meeting. Focus next on FOMC next week. DXY was last at 107 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Head and shoulders pattern have formed “Focus next on FOMC next week. A 25bp cut is more or less a done deal (markets pricing 97% probability of a cut).” “Bearish momentum faded while RSI rose. Head and shoulders pattern have formed but DXY has yet to break below the neckline and is now challenging the second shoulder. A decisive break below neckline is required for bears to gather momentum.”
TVC:DXY
by EZIO-FX
NIFTY KEY LEVELS FOR 16/12/2024**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:NIFTY
by nandupk
BANKNIFTY KEY LEVELS FOR 16/12/2024**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:BANKNIFTY
by nandupk
S&P500 INDEX Technical Analysis & Outlook Ahead of Fed DecisionS&P 500 Technical Analysis The market is approaching a key week with potential volatility driven by the Fed Rate Decision and GDP data. Here's a breakdown of the scenarios: Bullish Scenario: Continuation of the Uptrend: Key Levels: - Breakout Support: 6022 - Pivot Point: 6058 - Resistance Line: 6099 and 6143. Conditions for Bullish Continuation: - Price must remain above 6022 (Breakout Support Line). - Stabilization above the 6099 resistance will confirm upward momentum toward 6143 (next resistance). - This move would support a continuation of the uptrend toward a new ATH. Fed Rate Impact: - If the Fed cuts rates by 25 bps, the market may interpret this as dovish, fueling bullish sentiment and risk appetite. Bearish Scenario: Continuation of Downtrend: Key Levels: - Breakout Support Line: 6022 - First Support: 5971 - Next Supports: 5932 and 5863. Conditions for Bearish Reversal: - Price must break and close below 6022 on a 4-hour candle. - A break below this level opens the door to the next support at 5971. - Further bearish momentum could drive the price toward the Strong Support Zone around 5863. Fed Rate Impact: - If the Fed holds rates steady at 4.75% or signals hawkish intentions (e.g., no future rate cuts), bearish momentum may build due to reduced liquidity expectations. Trend Outlook: - Uptrend Continuation: Above 6022 and confirmed by a breakout above 6099. - Downtrend Continuation: Below 6022, targeting 5971 and lower levels. Key Summary: Bullish Confirmation: Hold above 6022 and break above 6099. Bearish Signal: Break and close below 6022, with lower targets of 5971 and 5932. Fed & GDP Impact: Monitor Fed decision for rate cuts (bullish) or no change (bearish).
OANDA:SPX500USD
by SroshMayi
Analysis of NASDAQ 100 index Analysis of the NASDAQ 100 based on moving averages (MA) reveals a predominantly bullish sentiment in the short to long term. Current Trend: The NASDAQ 100 is currently in a short-term rising trend, indicating positive market sentiment and increasing buying interest. Key Observations: Support: The index has support at approximately 21100 points. Momentum: Strong positive momentum is present, with the RSI currently above 70, suggesting overbought conditions. Resistance: There is no clear resistance in the price chart, indicating potential for further upside. Technical Indicators: Prediction for Next Week: Despite overbought conditions, the NASDAQ 100 is expected to maintain its upward trajectory in the next week. However, traders should be cautious of a potential short-term correction due to the high RSI. Disclaimer: This is a concise technical analysis report for informational purposes only and should not be considered financial advice.
PEPPERSTONE:NAS100
by Markets4Traders
2
Bank Nifty | Weekly Pre-Market Report | 16 Dec ~ 20 Dec '24Bank Nifty previous weeks candle has closed positively with the formation of a Bullish Pin bar. The last trading session Daily candle closed again in a very Bullish manner signalling that Bulls have taken control in the immediate term. Similar to Nifty, I am expecting Bank Nifty to head towards 54,250 this week. In case of flat opening or gap down opening, BN will continue to be in Buyers territory as long as 52,620 holds. In case of a big gap up, I would advise taking fresh long position as 54,250 - 54,500 can be a strong resistance zone as BN approaches the All Time High zone. Those carrying overnight positions can book profits and exit around those levels and avoid being overly greedy!
NSE:BANKNIFTYLong
by Sky_Tracer
Nifty | Weekly Pre-Market Report | 16 Dec ~ 20 Dec '24Nifty previous weeks candle has closed positively with the formation of a Bullish Pin bar. The last trading session Daily candle closed again in a very Bullish manner signalling that Bulls have taken control in the immediate term. As I mentioned in my last update on Friday, I have taken Long position overnight and am expecting Nifty to head towards 24,200 in this weeks expiry. In case of flat opening or gap down opening, Nifty will continue to be in Buyers territory as long as 24,375 holds. In case of a big gap up, I would advise taking fresh long position as 24,180 - 24,250 can be a strong resistance zone. Those carrying overnight positions can book profits and exit around those levels and avoid being overly greedy!
NSE:NIFTYLong
by Sky_Tracer
Dollar back to levels of 107.969 since 2022!!!Admittedly, last weeks prediction of the dollar for me was that I expected it to finally push down, However price action then clearly showed me otherwise by showing its clear intent to move further to the upside and refusal to break structure to the downside which I had tried to anticipate . Although price hasn't taken the last significant high that created the 1h supply we have seen CHOCH and BOS to the upside on the 1H time frame suggesting that price wants to push up further. This is validated by the pairs against the dollar wanting to push down and the fact that there is not only liquidity in the form of Asian highs but a large weekly imbalance and weekly supply zone where I predict price will push up to before finally returning to it's usual bearish trend. I can expect price to react from the 13min order block after the new Monday ASL is taken. If not we may see price pushing lower slightly simply in order to grab liquidity and find the correct zone to react from, potentially the 3H HTF demand I have marked out in order to push up. This also aligns with my pairs against the dollar that will push up and then come down.
TVC:DXYLong
by JamelCapital
NIFTY50.....Wave b done, or a double waves 1 and 2 underway?Hello Traders, The NIFFT50 made a low on the 21st of November at 23262! Since then it has been moving within a "three-up" or double wave 1 and 2! In the first case, the next move should be to the downside, developing a wave c/y to lows below 23263 for the next 2-3 weeks. A good indication of such a move is a break of 23873. A possible price range for such a move is at or around the 213xx area, close to the June lows. More bearish potential! If a double wave 1 and 2 is underway, then the price targets will be higher, probably to the new ATH`s. A first indication of such a scenario would be if the N50 breaks above the resistance at 24851 and if it breaks above the 0.618 Fibonacci @ 25082 on a daily close with strong bullish volume! A break above the 25600 area (0.786 Fibonacci) will reduce the chance of what I call a "sucker wave". A possible "B-wave"! In fact, a flat pattern is always possible, `because we are probably moving within a corrective wave and the move to the upside on a weekly basis does not give fingertips for an important high in place! Anyway! On Friday, we saw a "Kumo breakout", which is actually a buy signal according to the Ichimoku technique! But always be prepared for a retest of the breakout in the 24500-24400 area. That's all for today. Have a great week..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
Major crash imminent?Is there a coming market crash? Technically it looks that way. In the past 130 years, price on the Dow has never been above the upper trendline, except twice, and the first time it happened, it happened just before the major crash in 1929 that set off the Great Depression. The second time is NOW. It's happening right now . Also, every time price gets close to the upper trendline, it falls back down (2000, 2008, covid, and in June this year, it fell by 20%.) Right now, the DOW is at 45000. If one looks at the long term trend line, a healthy price level right now should be around 18000...a hefty 60% drop.
TVC:DJILong
by rayzor1979
1
BankNIfty // Trading Psychological Analysis of BankNiftywww.tradingview.com We have seen a dramatic dance of BankNIfty in past few day. Here is the postmortem of the Daily price movement in past 2 weeks on Daily time frame. Based on the chart of **Nifty Bank Index** on the **daily time frame**, here is a breakdown of the trader psychology and price action visible: --- ### ** 1. Recent Price Action Context ** - **Uptrend before consolidation**: - The chart shows an initial bullish momentum marked by **strong green candles** that signify buyers are in control, pushing prices upward. - **Consolidation period**: - After the strong upward move, you observe a few small-bodied candles (doji and neutral-type) at the top. These candles indicate **indecision** in the market or a **pause** in momentum as buyers and sellers wrestle for control. - **Large wick and recovery**: - A significant candle shows a **large lower wick** where price fell drastically but closed near its opening price. This reflects: - **Strong buying interest** after a sharp dip. - Sellers initially pushed the price lower, but buyers stepped in, absorbing the selling pressure and driving the price back up. - This could signify the presence of **demand** at lower levels. --- ### ** 2. Trader Psychology ** - **Strong buyers early on**: - The rally at the start of the chart reflects **bullish sentiment**, as traders jumped in with confidence, likely due to positive news or market sentiment. - **Indecision phase**: - The small-bodied candles (e.g., doji) represent a point of hesitation: - Bulls may be taking profits after the strong rally. - Bears attempt to sell but struggle to push prices lower. - **Large wick psychology**: - A large lower wick indicates that: - Sellers tried to break support but failed to sustain the move. - This failure emboldens buyers to step in, creating a sharp **reversal or rejection of lower levels**. - Many traders see this as a **bullish signal**, as it suggests buyers are still active and defending the price zone. --- ### ** 3. Key Observations from Price Action ** - **Support Zone**: - The large wick indicates the area around the wick's low is a **potential support zone**. Buyers defended that level aggressively, and traders will watch it closely for future moves. - **Bullish recovery**: - The strong close of the most recent candle suggests bullish sentiment may be returning. It shows that buyers absorbed the selling pressure and pushed prices back up. - **Volume**: - The high volume (139.91M) supports the validity of the price action. High volume on a bullish recovery suggests significant participation from buyers. --- ### ** 4. What to Watch for Next ** 1. **Breakout vs. Reversal**: - If prices break above the recent consolidation range, expect a continuation of the uptrend. - Conversely, failure to break higher could lead to further consolidation or a potential reversal. 2. **Support Retest**: - Monitor if prices revisit the large-wick low (support). Holding this level could confirm strong demand, while a breakdown might shift the sentiment to bearish. 3. **Volume Confirmation**: - Continued bullish price action with strong volume would confirm buyer strength. --- ### ** Conclusion ** The chart reflects **buyer dominance** after a brief period of indecision and a strong rejection of lower prices. Traders appear to see value at lower levels, and sentiment leans bullish unless prices break below the recent support. Watch for a breakout or retest of the key levels for confirmation of the next directional move. Always feel free to like and comment here. We would love to hear you and respond. Best Wishes, Team StoxWare
NSE:BANKNIFTYLong
by Stox_Ware
#nifty50 - 16th DECEMBERNSE:NIFTY Nifty 50 Chart Analysis - Key Insights & Trading Plan Key Observations: Support and Resistance Levels: Support: 24,497 | 24,586.95 | 24,662.40 Resistance: 24,783.85 | 24,837.90 | 24,891.90 Price Movement: The price witnessed a downtrend followed by a strong recovery. A sharp upward movement has brought the price near 24,783.85, a significant resistance level. Current Position: The price is hesitating near the 24,783.85 resistance level, signaling a critical decision point. Trading Plan: Bullish Scenario: Breakout Above 24,783.85: Target: 24,837.90 → 24,891.90. Stop-Loss: Below 24,750. Bearish Scenario: Rejection at 24,783.85: Target: Support levels at 24,662.40 → 24,586.95. Stop-Loss: Above 24,800. Consolidation Strategy: Range-Bound Movement between 24,662.40 (support) and 24,783.85 (resistance): Buy near support, Sell near resistance. Summary: Breakout → Go long (buy). Rejection → Look for short opportunities. Watch for volume confirmation during breakouts or rejections to confirm strength. im not SEBI register.
NSE:NIFTY
by thetradeforecast
nse auto movement on mondayThe NSE Auto Index (NIFTY Auto) is currently showing some interesting movements. As of the latest data, it appears that the index is in a slight downtrend1. The index is trading below an important level of 23,543.16, and if it remains below this level, it might continue to show a downward movement in the short term. However, predicting exact movements can be tricky as they depend on various factors including market sentiment, economic indicators, and company-specific news. It's always good to keep an eye on the latest developments and perhaps consult with a financial advisor before making any decisions. Would you like to know more about how to analyze such trends or any other specific information?
NSE:CNXAUTO
by comprehensiveS68604