CME_MINI:NQZ2024 - PR High: 21800.00 - PR Low: 21762.00 - NZ Spread: 85.0 Key scheduled economic events: 09:45 | S&P Global US Manufacturing PMI S&P Global Services PMI Contract rollover week - Holding auction at 21800 zone, near ATH - QQQ gap below 520 remains open Session Open Stats (As of 12:25 AM 12/16) - Weekend Gap: N/A - Session Gap 12/13 +0.42% (open < 21640) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 263.61 - Volume: 18K - Open Int: 239K - Trend Grade: Bull - From BA ATH: -0.5% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22096 - Mid: 20954 - Short: 19814 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
Market Analysis: USD/CAD Builds on Gains USD/CAD is rising and might aim for more gains above the 1.4245 resistance. Important Takeaways for USD/CAD Analysis Today - USD/CAD is showing positive signs above the 1.4200 support zone. - There is a contracting triangle forming with resistance at 1.4245 on the hourly chart at FXOpen. USD/CAD Technical Analysis https://www.tradingview.com/x/RxjL9FSq/ On the hourly chart of USD/CAD at FXOpen, the pair formed a strong support base above the 1.4100 level. The US Dollar started a fresh increase above the 1.4165 resistance against the Canadian Dollar. The bulls pushed the pair above the 1.4200 and 1.4215 levels. The pair cleared the 50-hour simple moving average and climbed above 1.4240. A high was formed at 1.4245 and the pair recently corrected some gains. There was a move toward the 23.6% Fib retracement level of the upward move from the 1.4119 swing low to the 1.4245 high. Initial support is near the 1.4215 level. The next major support is near the 1.4195 level. The main support sits near the 1.4165 zone on the same USD/CAD chart. It is close to the 61.8% Fib retracement level of the upward move from the 1.4119 swing low to the 1.4245 high. A downside break below the 1.4165 level could push the pair further lower. The next major support is near the 1.4120 support zone, below which the pair might visit 1.4050. If there is another increase, the pair might face resistance near the 1.4245 level. A clear upside break above 1.4245 could start another steady increase. The next major resistance is the 1.4320 level. A close above the 1.4320 level might send the pair toward the 1.4365 level. Any more gains could open the doors for a test of the 1.4420 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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? COMP Analysis ? Overall Status: The COMP coin, after following an ascending channel, successfully broke above the channel’s ceiling. At the PRZ zone (which includes the ascending channel ceiling and weekly resistance), selling pressure led to a price correction, pushing the price down to the 0.382 Fibonacci level. ✅ Key Point: Stabilizing above the PRZ zone can accelerate price growth toward Fibonacci targets. Trading volume in this area is crucial as it can provide stronger signals about the buyers' or sellers' dominance. ? Support and Resistance Analysis: 1️⃣ Support Levels: First Support: 0.382 Fibonacci level around $79-$81. Second Support: 0.5 Fibonacci level around $68-$71. Third Support: 0.618 Fibonacci level near $60-$62. 2️⃣ Resistance Levels: PRZ Zone: Weekly resistance and broken ascending channel ceiling (around $92-$103). Bullish Targets: First Target: 1.618 Fibonacci level (already achieved). Second Target: 2.618 Fibonacci level near $300-$330. Third Target: 3.272 Fibonacci level around $500-$550. Final Target: 3.618 Fibonacci level near $720-$750. ? Price Movement Prediction: 1️⃣ Bullish Scenario (if price stabilizes above PRZ): If the price stabilizes above $140 (PRZ zone), it may head toward the 2.618, 3.272, and 3.618 Fibonacci levels. Increased trading volume above PRZ will confirm buyers' dominance. 2️⃣ Bearish Scenario (if the correction continues): If the 0.382 Fibonacci level is broken, the price correction could extend to the 0.5 and 0.618 Fibonacci levels. These levels could offer attractive opportunities for re-entry via laddered buying. ? RSI and Entry Signals: The RSI indicator on the weekly timeframe is at 72.71 (overbought zone), indicating possible selling pressure. Positive Note: A bullish divergence between the price and RSI suggests the uptrend may resume after a correction. The ascending RSI trendline can act as support. ✅ Conclusion and Recommendations: 1️⃣ Key Levels: Supports: $79-$81 (0.382), $68-$71 (0.5), and $60-$62 (0.618 Fibonacci). Resistances: $130-$140 (PRZ) and higher targets at $300-$330, $500-$550, and $720-$750. 2️⃣ Entry Strategies: Laddered buying near 0.5 and 0.618 Fibonacci support levels if the correction continues. Entry after price stabilizes above the PRZ zone ($130) with rising trading volume. 3️⃣ Risk Management: Pay close attention to trading volume and price action near critical levels. Monitor the RSI indicator to assess trend strength and identify potential corrections or continued growth. ? Final Recommendation: In the current conditions, wait for technical confirmations (such as stabilization above resistance or corrections to lower levels) before entering. Prioritize capital management to minimize risks.
Market Analysis: GBP/USD Faces Trouble GBP/USD started a fresh decline below the 1.2720 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound started another decline from the 1.2800 resistance zone. - There is a short-term declining channel forming with resistance at 1.2650 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis https://www.tradingview.com/x/HmIXaA5z/ On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.2840 resistance zone. The British Pound started a fresh decline and traded below the 1.2750 support zone against the US Dollar, as discussed in the previous analysis. The pair even traded below 1.2650 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.2610 level. A low was formed at 1.2608 and the pair is now consolidating losses. Immediate resistance on the upside is near a short-term declining channel at 1.2650. It is close to the 23.6% Fib retracement level of the downward move from the 1.2787 swing high to the 1.2608 low. The first major resistance is near the 1.2674 zone. The main hurdle sits at 1.2720 and the 61.8% Fib retracement level of the downward move from the 1.2787 swing high to the 1.2608 low. A close above the 1.2720 resistance might spark a steady upward move. The next major resistance is near the 1.2785 zone. Any more gains could lead the pair toward the 1.2850 resistance in the near term. Initial support on the GBP/USD chart sits at 1.2610. The next major support sits at 1.2585, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.2520. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
The Euro-dollar pair starts the week with continued gains, trading around 1.05200 during the Asian session on Monday. This rise can be attributed to the decline in the US Dollar (USD) amid lower US Treasury bond yields ahead of the Federal Reserve's (Fed) interest rate decision scheduled for Wednesday. The Fed is widely expected to announce a 25 basis point rate cut at its final monetary policy meeting in 2024. Market analysts predict the U.S. central bank will cut rates but prepare the market for a pause given the strong U.S. economy and inflation stalled above 2%. According to CME's FedWatch tool, markets have already all but priced in the possibility of a quarter basis point rate cut at the Fed's December meeting. In addition, Fed Chairman Jerome Powell's press conference and dot plots will be closely watched. Earlier this month, Powell struck a cautious tone, saying, “We can afford to be a little more cautious in trying to find a neutral stance.” He indicated he was in no rush to cut rates. The euro gained support after President Emmanuel Macron appointed centrist ally Francois Bayrou as France's prime minister, raising hopes for political stability. Macron promised to quickly select a new candidate for the job after Michel Barnier was forced to resign following a confidence vote in parliament. Trading Recommendation: Watch the level of 1.05000, if consolidated below consider Sell positions, if rebounded consider Buy positions.
World gold prices decrease when the USD increases. Recorded at 9:40 a.m. on December 16, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,570 points (down 0.11%). According to Naeem Aslam - investment director of Zaye Capital Markets, gold investors should mentally prepare for the possibility of gold prices weakening next week. The main reason comes from the US Federal Reserve (FED) reducing expectations about cutting interest rates, in the context of inflation still being "persistent". Lukman Otunuga - market analyst at FXTM - gave a neutral comment on gold prices in the short term. According to him, the trend of this precious metal will largely depend on the policy message that FED officials give in the upcoming meeting. Otunuga emphasized that, if the FED continues to maintain its "hawkish" stance, this could limit the ability of gold prices to increase as investors gradually narrow their expectations for stronger interest rate cuts next year. 2025. On the contrary, if the FED signals to loosen policy in 2024, gold prices could increase to 2,700 USD/ounce or higher. ? XAUUSD SELL 2656 - 2654? ? TP1: 2630 ? TP2: 2610 ? TP3: OPEN ? SL: 2665
Price Action and Trend Structure: Uptrend Formation: The chart shows an uptrend leading into the formation of a descending triangle pattern. The price has seen a significant rise, but the recent price action shows consolidation within a triangular range, indicating a potential for either continuation or reversal. Descending Triangle: The descending triangle is characterized by lower highs and a horizontal support level. This pattern typically signals a bearish breakout if the support level is broken. However, if the price holds the support and breaks above the resistance, a bullish move could be expected. Current Price Levels: Support Level: Around 0.1559 (a crucial level to watch for potential breakdown). Resistance Level: Around 0.1645 (near the upper trendline of the triangle). Target Zone: If the price breaks above resistance, the next target could be in the range of 0.19 to 0.22, where higher resistance is likely. Volume Analysis: Volume Trend: There is a noticeable increase in volume during the down move, suggesting market participants are hesitant, but not necessarily driving a strong sell-off. The relatively lower volume during price consolidation could imply that the market is waiting for a breakout, either bullish or bearish. Momentum Indicators: RSI (Relative Strength Index): The RSI currently sits at 41.32, which is in the neutral zone. This indicates neither overbought nor oversold conditions, suggesting that the price could break in either direction, depending on the next catalyst. VMC Cipher B Divergence: The divergence shows a potential weakening in the bearish momentum, which could be a signal that the downtrend might be losing strength. However, the market is still within a consolidation phase, so confirmation from price action is needed. Stochastic Oscillator: The stochastic indicator is at 29.13, which suggests the asset is nearing an oversold condition, with potential for a rebound or reversal if the price breaks upwards. Other Indicators: Art Money Flow: At 40.63, the flow is in the neutral range, with no strong buying or selling pressure. This indicates that the market is in a waiting phase, with traders potentially looking for confirmation of a breakout. Trading Plan for KASPA (KAS/USDT) Bullish Scenario (Breakout Above Resistance): Entry Point: If KASPA breaks above the resistance at 0.1645, look to enter a long position. Target Price: Aim for a price target around 0.19 to 0.22, where higher resistance exists. Stop Loss: Set a stop loss around 0.15, just below the key support level to minimize risk in case of a breakdown. Risk-Reward Ratio: This strategy would offer a favorable risk-reward ratio, especially if the price targets are reached. Bearish Scenario (Breakdown Below Support): Entry Point: If the price breaks below the support at 0.1559, consider entering a short position. Target Price: The target for this move could be 0.14, with the potential for further downside depending on market conditions. Stop Loss: Place a stop loss just above the broken support (around 0.16) to limit losses in case of a false breakdown. Risk-Reward Ratio: This strategy also provides a favorable risk-reward if the breakdown sustains. Trade Confirmation: Volume Confirmation: Ensure that any breakout or breakdown is accompanied by a significant volume increase, confirming the validity of the move. Momentum Indicators: Use the RSI, Stochastic, and Money Flow indicators to monitor if the momentum supports the direction of the breakout. For bullish trades, look for an RSI above 50 and the Stochastic moving out of oversold territory. Long-Term Outlook: Should the price break the upper resistance and rally above 0.22, the next resistance zone could extend to 0.25 or higher, indicating potential for a longer-term bullish trend. Conversely, if the breakdown below 0.15 results in sustained selling pressure, watch for deeper corrections or consolidation at lower levels. Summary: Watch for a breakout above 0.1645 for potential bullish momentum targeting 0.19-0.22. Watch for a breakdown below 0.1559 for a bearish move targeting 0.14. Ensure trade confirmation with volume analysis and momentum indicators. By following this plan, you can effectively manage risk while taking advantage of KASPA's price action.
tahmini %30 yükseliş bekliyorum hedef 0.01740 YTD.
Disclaimer: This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.