GBP/USD faltered as markets changed their expectations for interest rates before the end of the year, sending the pair to fresh 15-month lows and breaking through 1.2100, but then ended trading near the 1.2230 starting point. It has been a quiet start to the week, but more inflation data from both the US and the UK will give traders plenty of material to ponder as they try to determine the first quarter rate differential forecast. The Federal Reserve (Fed) is expected to keep interest rates steady for the first half of the year, while the Bank of England (BoE) will have to choose between keeping interest rates stable in a still-high inflation environment and risking an inflationary spike to support the floundering UK economy with further rate cuts. Tuesday's significant data of the week will start with the US Producer Price Index (PPI), which is expected to rise to 3.7% y/y in December from the previous reading of 3.4%. Wednesday will see the release of UK Consumer Price Index (CPI) inflation, which is also expected to accelerate in the near term, with a rise to 0.4% m/m versus the previous reading of 0.1%. US CPI inflation, also out on Wednesday, is forecast to rise to 2.8% from 2.7%, US retail sales data is expected on Thursday and UK retail sales round out the list of important data this week. Trading recommendation: Watching the level of 1.2150, trading mainly with Sell orders
FX:XAUUSD is forming a false breakdown of the key resistance and as a consequence - passes into the phase of realization of the bearish pattern “Wedge”. If the general background persists, the price will be able to update the lows.... https://www.tradingview.com/x/MG45BoJn/ On the back of upcoming inflation data (PPI and CPI), traders have reduced expectations of a Fed rate cut to one this year. Forecasts point to a rise in PPI, which could strengthen demand for the dollar and cause a correction in gold prices. However, the weak data has the potential to push gold to $2,705. Additionally, markets are watching Trump's policies and the possible introduction of new US tariffs, which could affect the dynamics of gold. Despite inflation risks, the metal has corrected from a one-month high, remaining a key hedge against inflation. Technically, we have a correction forming after a false breakdown. Quite an important phase in the market. If the bears can keep the price below 2675 - 2681, the decline will continue in the short to medium term. Resistance levels: 2675, 2681, 2690 Support levels: 2667, 2656 At the moment the price is testing 0.5 fibo, on the background of the secondary retest the zone can be broken (I do not exclude a false breakout and consolidation below 0.5 fibo, which will also lead to a fall) and the price will head to the retest of the imbalance zone, which can put pressure on gold. The most likely scenario is a retest of the zone of interest 2675 - 2681 before further decline Regards R. Linda!
elliot waves also telling us we are now completting wave (d) from triange . we will touch at least 97k then price will fall 91k and then boommmm.
We've hard our Bearish BOS.... Signalling Possible Internal Pullback, M15 switches bearish to fercilitaed 4hr Swing Pull Back after a 4hr BOS. I decided to take the trade by looking at the following Confluences: It's well priced (Extremely Premium Price and last level of supply zone to Cause the BOD) 2) It's a strong high that causes the internal BOS 3) It has both leg inducement and now is building Pullback liquidity right in front of the POI 4) It's a great R:R N:B ous High time frame Swing range is Bullish, we just anticipate a pullback after BOS, that's the reason why The medium time frame for me which M15 switches bearish to fercilited the pullback, so you have to be aggressive with your Profit target... Don't target too far cause at any moment we can also shift Bullish internally. As always Not a financial advice, always DYOR. It's just my own perception.
Russell 2000 (US2000) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 2,216.27 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 2,250.00 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance. Take profit is at 2,161.49 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
After a previous break to the resistance area around 3,000 and a retest as a support, it is believed Ethereum can be heading to the 8,000's to complete a 3rd wave. After 2 years of consolidation and breaking above 2 structural resistance levels, price may be aiming for new higher highs given the opportunity for a Long Term observation. With the new year starting, this is a great observational idea to have for the records to see what the future brings ahead. Trading involves risk, which can involve loosing partial or all of your investment. This is not a signal and is only intended for sharing my point of view. With proper risk to reward, any operation can have a beneficial or loss impact.
FX:AUDCHF is currently trading within a downward channel and has recently formed a new lower low. The price is now approaching the resistance zone and the upper channel boundary after bouncing off the support level. I expect a pullback and a retest of the support level, followed by additional downward momentum. This expectation is supported by the 4H timeframe, where the market has encountered a strong resistance zone, indicating that it is likely to continue its bearish trajectory. Therefore, I anticipate the market to retest the support level before moving further bearish toward the lower channel boundary. My goal is the support zone around 0.56470 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
This channel is not providing individualized trading or investment advice, nor is it a banking service, brokerage service, trading service, investment service or money management service. It is just an educated guess.
Is SHIB forming another double bottom? A few candles back on the weekly chart SHIB formed two double bottoms on a trendline. SHIB *could be* forming another double bottom on top of Demand Zone in a FVG on the same trendline. Using the 'line with markers' chart to get another view of price action. Please be mindful this is a weekly chart, and the double bottom is not confirmed and be careful this is crypto. God bless
The Kiwi (NZD/USD) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.5683 which is a multi-swing-high resistance that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 0.5745 which is a level that sits above the 38.2% Fibonacci retracement and a descending trendline resistance. Take profit is at 0.5540 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.