https://www.tradingview.com/x/d0Iq2TVC/ ✅GBP_CAD keeps growing A now we are seeing a bullish Breakout of the key level Of 1.8133 which reinforces Our bullish bias and we will Be expecting a further Bullish breakout LONG? ✅Like and subscribe to never miss a new idea!✅
The commodity block currencies have been hit hard of late and are once again extending declines to multi-month lows against the US dollar. We're seeing clear divergence in monetary policy outlooks with deteriorating economic data in Australia, New Zealand, and Canada weighing on the respective currencies, while the added risk of trade wars only makes things that much more challenging. Of course, the Canadian dollar is also contending with political drama in Canada amidst a string of key resignations. Economic data has more or less been softer in most major economies outside of the US, including the Euro area. On Tuesday, US data went the other way again with retail sales coming in above forecast. It's been fairly easy to understand why the US dollar has been so well bid and US equities remain propped up. Key standouts on Wednesday's calendar come from UK inflation, Eurozone inflation, US housing starts, and building permits, and of course, the Fed decision late in the day. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
1:2 achieved We go again tomorrow Good luck gang
Id LTC holds this long term resistance turned into support then it could move up and touch previous Highs
Market is forming AB=CD pattern market is in accumulation phase, if it break the rectangle it can easily test the weekly strong resistance level
Gala had a large break out after a cup shaped accumulation period. The price has since pullled back the .5 fibonacci level. This level lines up with the neck line of the cup and accumulation period. We have a potential for a reversal to touch the top of a rising trend line sometime around january. my target is around 10 cents. this lines up with the resistance and the 1.786 extension. Ill be looking for a candle close above the .5 fib level. Stop loss will be around .038. Not financial advice. Do your own DD. Thanks for viewing the idea.
The New Zealand dollar has declined sharply on Wednesday. In the North American session, NZD/USD is trading at 0.5685, down 1.2% on the day. The New Zealand dollar has been in freefall, plunging 11.6% since Oct. 1. New Zealand's economy is expected to contract in the third quarter by 0.4% q/q, after a 0.2% decline in Q2. If the economy contracted for back-to-back quarters as expected, it would mean that the economy is in a technical recession. Construction and manufacturing activity declined in the third quarter and a severe power crisis led to a decrease exports, all of which dampened GDP. The Reserve Bank of New Zealand slashed rates by 50 basis points last month, lowering the cash rate to 4.25%. The central bank has trimmed rates by 125 bp since August but the economy is clearly in need of further cuts. Inflation is back within the target of 1% to 3% and we can expect another cut at the next meeting in February barring a surprise jump in inflation. There wasn't much excitement around today's Federal Reserve meeting, as the market had priced in a quarter-point cut at close to 100%. This is exactly what happened, as the Fed cut rates for a third time this year. The Fed signaled that it expected to cut rates only two times in 2025, lower than previous projections of four rate cuts. With the US economy in solid shape and the downswing in inflation stalled, the Fed can afford to take its time before the next rate cut. The market will hear from Fed Chair Powell shortly. Powell could reiterate that the Fed plans to cut rates "gradually", which means modest cuts of 25 basis points. NZD/USD is testing support at 0.5715. Next, there is support at 0.5665 There is resistance at 0.5801 and 0.5849
#bitcoin #btc price formed a bearish head & shoulders pattern and it looks CRYPTOCAP:BTC looks bearish in short term if market won' t be manipulated again! Not financial advice.
https://www.tradingview.com/x/s51noizf/ Hello,Traders! AUD-CHF is making a Move down but a strong Horizontal support ahead At 0.5594 from where we Will be expecting a Bullish rebound Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
** weeks ahead ** Is the market top in? This next move in the market will certainly convince the crypto folks that it is. According to social media, Youtube influencers etc.. the bull run is just beginning. That is in despite of a swathe of News article headlines “Bitcoin reaches new all time high $100k” and the janitor I have not spoken to in 10 years asking me if I'm buying Bitcoin. The signs are there. On the above 6 day chart, the TOTAL crypto market capitalisation, currently 3.57 trillion dollars price action has risen 46% since the November breakout. A number of reasons now exist for a bearish outlook: 1) Price action and RSI support breakdowns. Indeed the November breakouts requires confirmation of support on past resistance to allow for continuation. That's a long way down. 2) Support is exactly $1 trillion below at $2.57 trillion. 3) Price action is at a significant Fibonacci extension, look left. 4) This signal is found across the entire crypto market on both 6 day and weekly charts, in other words there is confluence across timeframes. That is important. Is it possible speculators keep throwing good money after bad in the hope price go up? Sure. Is it probable? No. Ww Bulls make money. Bears make money. Pigs get slaughtered. TOTAL3 - Hanging man https://www.tradingview.com/x/D4euJYlQ/ OTHERS total - Hanging man https://www.tradingview.com/x/3ndsE8zQ/