Today’s inauguration is undoubtedly a big event for traders, analysts, and the global economy. Everyone is watching. Let’s be frank: regardless of your opinion of Donald Trump or his proposed policies, his Presidential election win over Democrat candidate Kamala Harris on 5 November 2024 was nothing short of remarkable. It was a sweeping victory, and Trump returns to the White House today. Trump’s inauguration is expected to begin at 5:00 pm GMT (midday EST) and marks the start of his second term in office. Robust Economy Provides ‘Tariff’ Legroom for Trump While tariffs are undoubtedly inbound, it is unclear what plans Trump will pursue and when he will implement these strategies. Investors are concerned that imposing tariffs could stoke inflation and hinder consumption (and consequently put the brakes on economic growth). According to the latest data (December 2024), we have seen an uptick in US inflation. Year-on-year (YY), CPI inflation (Consumer Price Index) rose for a third consecutive month to 2.9%, PPI inflation (Producer Price Index) also increased for a third straight month to 3.3%, and the US Federal Reserve’s (Fed) primary measure of inflation, the PCE Index (Personal Consumption Expenditures), is hovering just north of the Fed’s 2.0% inflation target at 2.4% (for November 2024). This, coupled with real US GDP (Gross Domestic Product) running at an annualised rate of 3.1% in Q3 24 and jobs data showing that the US economy added 256,000 new payrolls in December 2024, reveals Trump has legroom (some ‘cover’ if you will) to impose tariffs early on in his tenure. Trump Tariff ‘Threats’ So Far Speculation regarding the possibility of as many as 100 executive orders being signed today has been circulating the wires. Plenty of ambiguity is unquestionably present heading into today’s event, and the market dislikes uncertainty. Concerning tariff ‘plans’, Trump has floated several possible approaches, including 100% tariffs against BRICS countries (Brazil, Russia, India, China, and South Africa) unless their governments commit to the US dollar (USD), as well as tariff threats against Canada, China, and Mexico. Trump voiced intentions of introducing 25% tariffs on goods from Canada and Mexico and adding an additional 10% tariff on goods from China. What Will I Be Watching Today? Today, I will primarily be looking for any direction on tariffs, particularly concerning Canada, Mexico, and China. Let’s assume Trump follows through on his threats to Canada and Mexico. A 25% tariff (or more) applied on goods from Canada and Mexico will prompt upside in currency pairs like the USD/CAD (US dollar versus the Canadian dollar) and USD/MXN (US dollar versus the Mexican peso) – for those who monitor implied volatility, check out USD/CAD; we are at levels not seen since early 2023! A 25% tariff on the aforesaid countries will also likely trigger a bid in the US Dollar Index and absorb offers around major resistance at 109.33. In contrast, major US equity indexes are expected to take a hit in this scenario. Another observation I feel needs some consideration is the USD positioning heading into this event. The USD is particularly stretched to the upside for those who monitor COT data (Commitment of Traders report). However, although this may be the case, I still expect USD outperformance on the back of 25% tariffs. Nevertheless, were Trump to pursue a lower tariff rate for Canada and Mexico or not to pursue tariffs at all, a considerable unwind in USD longs is possible, and downside in USD/CAD, USD/MXN, as well as the US Dollar Index, would be on the table (upside in US equities). A situation without tariffs would create considerable volatility and open the door to shorting opportunities in key currency pairs. Regarding China, if Trump were to follow through and impose a 10% additional tariff, this would likely send USD/CNY northbound (US dollar versus the Chinese yuan). Additionally, I expect the AUD/USD (Australian dollar versus the US dollar) and NZD/USD (New Zealand dollar versus the US dollar) pairs to trade lower, given their trading relationships with China. I also believe US and Chinese equity markets will sell off. Less than a 10% tariff or no tariffs on China would likely underpin AUD/USD, NZD/USD, and the noted equity markets (but weigh on the USD/CNY). Looking closely at the S&P 500, you will note that longer-term weekly action ended last Friday in the shape of a bullish engulfing formation, following a shallow correction from all-time highs of 6,099. This, together with the clear-cut uptrend and daily price climbing above its 50-day simple moving average at 5,967 (and a lack of obvious daily resistance), places bulls in a favourable position to challenge all-time highs, technically speaking. Written by FP Markets Market Analyst Aaron Hill
I like the weekly chart for GATEIO:QUBICUSDT and the strength it's showing today, especially considering that many other coins are in the red. I'm placing some bids here and will stay patient if it dips a bit lower. I also believe the AI narrative will gain momentum soon.
? Welcome to TradeCityPro Channel! Let's dive into this cryptocurrency altcoin, after which I will explain in detail about Trump’s meme coin and his wife in the next analysis. ? Bitcoin Overview Before starting today’s analysis, let’s take a quick look at Bitcoin on the 1-hour timeframe. Last night, we saw some volatility, triggered by the inauguration of the new U.S. president, Mr. Trump, which led to these movements. Initially, we experienced some bearish candles and dropped below $100,000. However, we bounced back and reached a new price ceiling of $109,350, which was touched on most exchanges. It was an unprecedented event for Bitcoin fans. https://www.tradingview.com/x/IyvE9K9q/ ? Weekly Timeframe On the weekly timeframe, GALA is one of those cryptocurrencies that is still fluctuating within its larger range box. It seems likely that it will break out soon. The key resistance level here is at 0.06090. When we previously attempted to break the range box, the breakout was fake, and we returned to the box. For re-entry, I plan to buy long-term once the range box ceiling at 0.06090 is broken. However, I will need volume increase for confirmation. For now, the main exit trigger will be a break below 0.01579. https://www.tradingview.com/x/WU3TYpKU/ ? Daily Timeframe On the daily timeframe, GALA is showing a good potential for a bullish movement as it’s breaking above its previous daily range. After breaking the resistance at 0.02434, the price moved up nicely to the range box resistance of 0.0609, which was a reasonable place to take profits or exit the position. I personally opted for the latter. Currently, the price is at a crucial support level at 0.03305, which is important on both the daily chart and also aligns with the 50% Fibonacci retracement level, a key technical point. This zone is considered a potential reversal zone (PRZ). For re-entry, I will buy if we experience a fake breakout at this support level or if we break above 0.04344. The most significant entry will be if the weekly ceiling of 0.06090 breaks. I will continue to hold my 0.02434 entry. For selling, I won’t do anything at 0.03305, but there’s a possibility I might open a short futures position, as the price could move towards 0.02821 or 0.02434. https://www.tradingview.com/x/4iudSCB1/
NASDAQ:COIN has formed a nice cup and handle formation on the weekly chart, signaling bullish momentum going into and through 2025…. with a president that 100% supports cryptocurrency, andthe previous week’s Bullish Engulfing candle with a significant increase in volume this confirms that we should see further bullish momentum!!!!
A small explanation. By breaking the second zone, the dollar drops to the bottom zone.
This mornings trigger was very easy a clear did you get involved? ?Trading should be just like that "if X then this if Y then that" ?Keep it SIMPLE thats how you make trading easier. ✅️ BOOST, LIKE & FOLLOW SeekingPips NOW
Key Level Zone: 1.4650 - 1.5100 HMT v4.1 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. Important Note : Role of Key Levels: - These zones are critical for analyzing price trends. If the key level zone holds, the price may continue trending in the expected direction. However, momentum may increase or decrease based on subsequent patterns. - Breakouts: If the key level zone breaks, it signals a stop-out. For reversal traders, this presents an opportunity to consider switching direction, as the price often retests these zones, which may act as strong support-turned-resistance (or vice versa). My Trading Rules Risk Management - Maximum risk per trade: 2.5%. - Leverage: 5x. Exit Strategy Profit-Taking: - Sell at least 70% on the 3rd wave up (LTF Wave 5). - Typically, sell 50% during a high-volume spike. - Adjust stop-loss to breakeven once the trade achieves a 1.5:1 reward-to-risk ratio. - If the market shows signs of losing momentum or divergence, ill will exit at breakeven. The market is highly dynamic and constantly changing. HMT signals and target profit (TP) levels are based on the current price and movement, but market conditions can shift instantly, so it is crucial to remain adaptable and follow the market's movement. If you find this signal/analysis meaningful, kindly like and share it. Thank you for your support~ Sharing this with love! HMT v2.0: - Major update to the Momentum indicator - Reduced false signals from inaccurate momentum detection - New screener with improved accuracy and fewer signals HMT v3.0: - Added liquidity factor to enhance trend continuation - Improved potential for momentum-based plays - Increased winning probability by reducing entries during peaks HMT v3.1: - Enhanced entry confirmation for improved reward-to-risk ratios HMT v4.0: - Incorporated buying and selling pressure in lower timeframes to enhance the probability of trending moves while optimizing entry timing and scaling HMT v4.1: - Enhanced take-profit (TP) target by incorporating market structure analysis
Hi Traders what do you Think about GOLD given suggestion in comments. Today market analysis suggestion a bullish direction of gold will recently rejected from 2689 after market will back to the resistance zone and cross the level 2700 if we think Price will pull back to the Top as also Price shows in the chart then next possible Targets will be, 2722 and if the price will break 2730 Level then next target 2735 Keep eye on Target how the price will react. if you like this analysis please support my work like and fallow thanks for Love.
*I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comfortable with losing. No trade is guaranteed. Sell SPX stop loss: 6025 Take profit: 5783
MATIC: nice setup -Quasimodo structure. -ABCD pattern. -Key level support. -Demand zone support. Upon breaking out of down channel, Matic will welcome Trump! . Wait n see!