Now we do have a better opportunity to enter (see related publications). We are in a good place to resume and make a reentry of the previous trade. Target: 0.0000001840 (close - 1 day)
RUT has been rejected from its previous high but this is quite common (just look at the BTC chart). As a result, I expect a further pull back as end of year selling carries on. That said I do expect a powerful rally in anticipation of the new US president in early January. Not investment advice, Please do your research.
My view of gold is that it still has a chance to climb. We can see it break level 2729. From there, it will go to level 2790.
With the close on Thursday, the market entered into the primary expansion phase. A countertrend break on the lower timeframes may push the price to the weekly zone again. ——— Stay grounded, stay present. ??♂️ Your comments and support are appreciated! ??
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Hello, VANTAGE:SP500 is currently lingering near the previous high of 6102.46. At this point, there's a possibility that the 1M PP could be tested soon! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
The actual rumor is that Trump's World Liberty Financial is buying Ethena after Aave. The chart looks promising.
USDT Dominance (USDT.D) is showing signs of a potential reversal after an extended uptrend, which could provide a significant opportunity for altcoins. I’m watching the 618 and 786 Fibonacci retracement levels, as well as a down-sloping trendline in the same area. If USDT.D tests and rejects these levels, we’ll likely see a downtrend, which historically leads to a rise in altcoins. Additionally, an inverse Fair Value Gap (FVG) has appeared, confirming the bearish scenario. Once all confirmations are in place on the 4-hour chart, we will look to long altcoins carefully, using leverage while staying disciplined. Risk Management: Max risk is 5% per trade, aiming for at least a 5x reward. Leverage will be used cautiously, with a focus on emotional control to avoid fear and greed.
The GBP/NZD currency pair has recently reached a 9-year high, indicating significant strength in the British Pound against the New Zealand Dollar. Based on the provided information and search results, here's a detailed analysis for the coming 3 days: Fundamental Analysis The GBP/NZD pair has been showing a strong bullish trend, driven by several factors: 1. Economic Divergence: The UK economy has been showing signs of resilience, while New Zealand's economy faces challenges, contributing to the pair's upward momentum. 2. Interest Rate Differentials: The Bank of England's monetary policy stance compared to the Reserve Bank of New Zealand's approach may be supporting the Pound's strength against the Kiwi. 3. Global Risk Sentiment: As a risk-sensitive currency, the New Zealand Dollar may be under pressure due to global economic uncertainties, benefiting the relatively safer Pound. Technical Analysis Short-term technical indicators suggest a potential for both bullish continuation and a possible correction: 1. Trend Analysis: The overall trend remains strongly bullish, with the pair making new highs and trading above key moving averages. 2. Resistance Levels: The pair recently reversed from a key resistance level at 2.1840, which could act as a ceiling for further gains in the short term. 3. Support Levels: Key support is identified at 2.1600, which could be tested if the pair experiences a pullback. 4. Momentum Indicators: a. The daily Stochastic indicator suggests overbought conditions, which may lead to a short-term correction. b. The 14-day RSI is at 68.10, approaching overbought territory but not yet extreme. 5. Moving Averages: The pair is trading above both the 50-day SMA (2.16) and the 200-day SMA (2.13), confirming the strong uptrend. Short-term Forecast (Next 3 Days) Consolidation: The pair should trade within the range of 2.17-2.21 as it consolidates after the recent strong move. Volatility is expected to remain high, with an average daily range of about 0.54%. Conclusion While the long-term trend for GBP/NZD remains bullish, the pair may experience short-term volatility and potential correction after reaching a 9-year high. Traders should watch key technical levels and be aware of any fundamental developments that could impact either currency. Citations: https://fxpro.news/tech-analysis/gbpnzd-wave-analysis-9-december-2024-20241210/ https://www.centralcharts.com/en/7326-gbp-nzd/analysis/501611-gbp-nzd-1h https://www.centralcharts.com/en/7326-gbp-nzd/analysis/502080-gbp-nzd-15min https://coincodex.com/forex/gbp-nzd/forecast/ https://www.ofx.com/en-au/forex-news/historical-exchange-rates/gbp/nzd/ https://www.icmarkets.com/blog/wednesday-11th-december-2024-technical-outlook-and-review/ https://www.tradingview.com/symbols/GBPNZD/ideas/ https://www.icmarkets.com/blog/friday-13th-december-2024-technical-outlook-and-review/ https://www.tradingview.com/symbols/GBPNZD/ https://au.investing.com/currencies/gbp-nzd-historical-data
This week, my analysis for EUR/USD aligns closely with GBP/USD, as both pairs have exhibited bearish momentum. However, there are subtle differences in price action as we approach the final month of the year. A key focus is the 4-hour supply zone around 1.05600, which initiated a break of structure to the downside. Once price reaches this area, I’ll look for redistribution on the lower timeframes to confirm a potential sell. If the price moves higher, the 2-hour supply zone just above offers an even better opportunity for shorts. Confluences for EUR/USD Sells: - Liquidity Below: Significant downside liquidity remains untapped. - Bearish Momentum: The pair has been bearish for the past two weeks. - Break of Structure: Key levels have broken to the downside on the higher timeframe. - DXY Correlation: The dollar index (DXY) supports this bearish setup. - Key Supply Zone: The 4-hour supply zone caused the initial bearish move. Note: If price mitigates the 5-hour demand zone, I may consider a counter-trend buy to take price back up toward the supply zone. However, if this demand zone fails, it will trigger another break of structure (BOS), prompting me to identify a new supply zone for potential shorts. Stay disciplined and have a strong trading week—let’s close Q4 on a high note!