Key Level Zone : 66.11-68.53 HMT v1.0 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity. HMT (High Momentum Trending): HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards. Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved. If you find this signal/analysis meaningful, kindly like and share it. Thank you for your support~ Sharing this with love!
We need to break over and touch local support again to repeat pattern seen previously to continue trend? Thoughts?
Hey Traders, in the coming week we are monitoring EURCHF for a selling opportunity around 0.92850 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.92850 support and resistance area. Trade safe, Joe.
https://www.tradingview.com/x/efDY5rn3/ ✅DXY broke the rising Support line and is now Making a retest so as we Are bearish biased we will Be expecting a further move down SHORT? ✅Like and subscribe to never miss a new idea!✅
In 2017, XRPUSD grew for 343 consecutive days. There was hardly any retraces and only one period of consolidation after 77 days of sustained growth. In comparison, present day, late 2024, XRPUSD has been growing for only 28 days. There is plenty of time room for additional growth. There is no real reason why the rise should stop now. Any retrace should be bought. Right now we have the highest volume since July 2023 as a major move develops. This volume will continue to rise. As volume rises, so will prices. XRP can continue rising. I am 100% bullish on XRP. The chart agrees. What about you? Namaste.
EUR/USD: Diverging Economic Realities Point to Further Weakness The EUR/USD currency pair faces mounting pressure as economic data and central bank commentary from both sides of the Atlantic paint contrasting pictures. With the year-end approaching, traders are navigating through a mix of historical trends, updated macroeconomic indicators, and shifting monetary policy expectations. --- Eurozone: Fragility Persists Industrial and Consumer Weakness Germany's 1.5% MoM decline in industrial orders, though marginally better than expected, reflects ongoing struggles in Europe's largest economy. Additionally, retail sales in the Eurozone fell by 0.5% MoM, highlighting a weak consumer spending environment that continues to drag on growth prospects. PMI and GDP Concerns The Composite PMI edged up slightly to 48.3, but contraction persists, underscoring the broader economic challenges in the region. Italy's downward revision of GDP forecasts further dampens sentiment, increasing the likelihood of more accommodative measures from the European Central Bank (ECB). ECB's Dovish Tilt ECB policymakers, including Robert Holzmann, have signaled a potential rate cut in December, reflecting a shift towards easing amid the Eurozone's persistent economic struggles. However, political instability, such as France's no-confidence vote against President Macron, adds another layer of uncertainty to the region's economic outlook. --- United States: Resilience Amid Inflation Challenges Economic and Labor Market Data The U.S. economy continues to show signs of resilience. Durable goods orders rose 0.3% and construction spending increased by 0.4%, aligning with expectations. Despite a slight drop in the ISM Services PMI to 52.1, the economy remains in expansion mode. The labor market also remains a pillar of strength: - Nonfarm Payrolls: 227k (forecast: 220k, previous: 12k, revised: 36k). - Unemployment Rate: 4.2% (forecast: 4.1%, previous: 4.1%). - Average Earnings YoY: 4.0% (forecast: 3.9%, previous: 4.0%). While layoffs have ticked up slightly, strong payroll growth and stable wages suggest continued labor market robustness, albeit with signs of gradual cooling. Fed's Monetary Policy Path Fed officials, including John Williams and Mary Daly, have hinted at potential rate cuts in 2024, but progress on inflation appears to have stalled, as noted by Fed Governor Michelle Bowman. Market sentiment is shifting rapidly—traders now see an 85% probability of a Fed rate cut this month, up from 67% before the November jobs report. Short-term interest-rate futures have surged, reflecting growing expectations of a dovish pivot. However, the Fed remains cautious, balancing inflationary risks with economic stability. --- Inflation and Consumer Sentiment The University of Michigan's latest data reinforces the U.S. economy's resilience: - 1-Year Inflation Expectations: 2.9% (forecast: 2.7%, previous: 2.6%). - Consumer Sentiment Prelim: 74.0 (forecast: 73.2, previous: 71.8). Elevated inflation expectations and improving consumer sentiment contrast with the Eurozone's gloomy outlook, further strengthening the dollar's appeal. --- EUR/USD Outlook: Bearish Bias Remains Intact Despite historical trends that favor the euro in December, the current economic backdrop presents significant challenges for sustained appreciation. Weak Eurozone data and a dovish ECB stand in stark contrast to the U.S. economy's relative stability and the Fed's measured approach. Key Factors Driving EUR/USD: 1. Diverging Data: Strong U.S. labor and inflation figures versus weak Eurozone performance. 2. Monetary Policy: Fed's cautious flexibility versus ECB's dovish signals. 3. Sentiment Shift: Rising probability of U.S. rate cuts but with a stronger baseline economy. While seasonal trends may provide temporary relief for the euro, the broader trajectory points downward. Traders should focus on macroeconomic developments and central bank guidance as the primary drivers for the pair in the coming weeks. The euro's path to recovery remains steep, with the U.S. dollar maintaining the upper hand in the current environment.
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2580 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2580 support and resistance area. Trade safe, Joe.
Yello, Paradisers! Could #DOGSUSDT be gearing up for a breakout, or will it fail to hold critical support levels? Let’s dive into the key areas of #DOGS: ?#DOGSUSD recently broke above its descending resistance trendline, which has now flipped into support. This is a positive signal for the bulls, but the price still needs to decisively break above the $0.0008269 resistance level to confirm a sustained uptrend. Until then, the market remains at a pivotal moment. ?A confirmed breakout above $0.0008269 could ignite strong bullish momentum, opening the door to a rally toward $0.0011000–$0.0013000, the next major resistance zone. This region represents a significant hurdle for #DOGSUSD, but clearing it would likely attract fresh buyers and push the price toward higher levels. ?On the downside, immediate support lies at $0.0007178, followed by the critical demand zone between $0.0005880 and $0.0005300. As long as the price remains above this zone, the bullish case remains intact. A pullback into this area could provide bulls with another opportunity to regain momentum. ?However, if #DOGS closes a candle below $0.0005300, this would invalidate the bullish structure and signal a potential drop toward $0.0004400 or lower. Such a move could pave the way for a deeper retracement and shake out weak hands before any recovery attempts. Stay focused, patient, and disciplined, Paradisers? MyCryptoParadise iFeel the success?
From indicators to oscillators, this will move bullish to the 712-plus level. This is sanely the most sought-after ES; there is belief, bouncing off averages.
https://www.tradingview.com/x/edgxG78N/ Hello,Traders! NATGAS made a retest of The horizontal support level Of 3.00$ and we are already Seeing a local bullish rebound So we will be expecting a Further bullish move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too!