Hello Traders ! On Thursday 19 Dec, The GBPJPY reached the resistance level (198.662 - 199.522). The price formed a double top pattern. Currently, The neckline is broken ! So, I expect a bearish move? ______________ TARGET: 191.650?
1)Trend defined. 4h downtrend. 2)Contradictory limit entry order. Close to the upper extreme of a 1hour consolidation area. 3)Default loss. Just above the double top. 4)Default target level. 5.05. 5)Risk
POPCATUSDT is currently trending bullish If price stay good above 0.8731.... we should expect a strong move to 1.0089 always take profits as you go
Price is bullish bur trying to catch a countertrend on the monthly time from. sit back and watch how it plays out
As of January 2, 2025, 12:52 PM, I maintain a bearish short-term bias for EUR/GBP. This outlook is based on a detailed analysis of fundamental, macroeconomic, and political factors driving divergence between the Eurozone and UK economies. Here’s why I believe EUR/GBP has more room to fall: Fundamental Analysis 1. Monetary Policy Divergence: • ECB (European Central Bank): • On December 14, 2024, the ECB cut interest rates by 25 basis points, reducing the deposit rate to 3.0%. This dovish stance reflects concerns about weak demand and sluggish growth, particularly in Germany and France. • Source: ECB Press Release, December 14, 2024. • BoE (Bank of England): • The BoE held its rate at 5.25% during its meeting on December 20, 2024, citing persistent inflationary pressures and a need for restrictive policy. This hawkish stance supports GBP strength. • Source: Bank of England Summary, December 20, 2024. 2. Economic Growth: • Eurozone: • Germany entered a technical recession in Q4 2024, while France and Italy reported weak industrial output. The Eurozone’s 2024 GDP growth is estimated at 0.7%, well below expectations. • Source: Reuters, December 30, 2024. • United Kingdom: • The UK economy grew by 1.1% in 2024, with strong consumer spending and resilient labor market data (unemployment at 3.9%) boosting investor confidence in GBP. • Source: Office for National Statistics, December 29, 2024. 3. Inflation Trends: • Eurozone: • Inflation fell to 2.1% in December 2024, nearing the ECB’s target and supporting its dovish policy stance. • Source: ECB Inflation Report, December 2024. • United Kingdom: • Inflation remains higher at 4.2%, keeping pressure on the BoE to maintain its restrictive policy stance. • Source: Bank of England Summary, December 2024. 4. Political Dynamics: • Eurozone: • Ongoing political instability in France (strikes) and Italy (debt concerns) further dampens confidence in the euro. • Source: Reuters, December 28, 2024. • United Kingdom: • Relative political stability and improved post-Brexit trade relations with the EU have bolstered GBP sentiment. • Source: The Times, December 29, 2024. 5. Risk Sentiment: • The euro remains under pressure from safe-haven flows into USD and CHF, while the GBP benefits from improved investor confidence driven by a stronger macroeconomic outlook. Conclusion The bearish case for EUR/GBP is supported by: 1. Monetary Policy Divergence: ECB’s dovish cuts vs. BoE’s hawkish stance. 2. Economic Performance: The UK outperforms the Eurozone in GDP growth and inflation control. 3. Political Stability: UK stability contrasts with Eurozone uncertainties.
Scrapped the 4hr chart, this is would be the final version.
BINANCE:XRPUSDT is currently forming a classic pennant pattern, indicating a potential breakout is imminent. With increasing buzz around CRYPTOCAP:XRP and massive adoption underway, the coin appears primed for a significant move. Once the breakout occurs, BYBIT:XRPUSDT could become unstoppable, potentially reaching a new all-time high. Our projection sees BINANCE:XRPUSDT climbing to $5 in the near future, driven by market momentum and strong fundamentals. However, as always, it’s essential to manage risks—set a stop-loss below the pattern support to protect your capital. Get ready for what could be one of CRYPTOCAP:XRP ’s most explosive rallies yet! COINBASE:XRPUSD Currently trading at $2.38 Buy level: Above $2.3 Stop loss: Below $1.9 Target : $5 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago started to grow and soon broke resistance level, which coincided with the seller zone and continued to grow in range. Later EUR reached the top part of the range and then made a correction movement to the resistance level, after which rebounded and quickly rose back. Then price started to decline and in a short time fell to the 1.0475 level and even made a fake breakout of this level, after which backed up to the range. But soon, the price turned around and dropped to the current resistance level, thereby exiting from the range and breaking the 1.0475 level. Next, the price made an impulse up inside the downward pennant, but later it made a small correction. After this, EUR rose to the resistance line of the pennant and then turned around and dropped to the support line, breaking the 1.0350 level, which coincided with the resistance zone. A not long time ago price bounced from the support line, therefore I think that the Euro can reach the resistance zone and then continue to decline, even exiting from the pennant pattern. That's why I set my TP at 1.0240 points. Please share this idea with your friends and click Boost ?
CVS currently trading at a FWD PE of 8.44, well below 16x historical average. CVS's shiller PE is significantly below its median shiller PE of 18.22, also its shiller PE is currently ranked better than 69% of 13 companies in the healthcare plans industry. The PBM segment contributes 46% of CVS income; a 25% PMB profitability cut would reduce the EPS to ≈$4, implying a fair value of $60 and a P/E of 15x Tax loss harvesting is over and institutional ownership still stands high at 82% with only 1.51% of shares shorted. Technically, SP is trading at previous significant resistance/support levels back to late 2013. Also the RSI just hit the 30% level on the 3 day chart, the last 4 times that this level was reached the SP increased an average of 32% before a primary trend was continued or major retracement occured.
This is my analysis for Gold in the first week of 2025. The recent downtrend in Gold appears to be taking a pause, with the current price action suggesting a potential retracement before continuing its downward movement. ?