https://www.tradingview.com/x/aaloJZiC/ If there is 1 pair that has caused some up-down-up-down crazy, frustrating, manipulated-maybe price-action, stealing the show the past month or so would be GBPUSD. Further falls over the past 16 hours or so, with USD$ rallying following CPI data for USA. Well now its Great Britain's turn with the data in less than an hour. GDP is being released in the UK. This is what it all entails for the Pound to bounce or fail further falls. I am tipping the former. https://au.investing.com/economic-calendar/#:~:text=18%3A00,%2D5.31B 18:00 GBP Construction Output (MoM) (Oct) 0.2% 0.1% 18:00 GBP U.K. Construction Output (YoY) (Oct) 0.0% -0.4% 18:00 GBP GDP (MoM) (Oct) 0.1% -0.1% 18:00 GBP GDP (YoY) (Oct) 1.6% 1.0% 18:00 GBP Industrial Production (MoM) (Oct) 0.3% -0.5% 18:00 GBP Industrial Production (YoY) (Oct) 0.2% -1.8% 18:00 GBP Manufacturing Production (YoY) (Oct) 0.9% -0.7% 18:00 GBP Manufacturing Production (MoM) (Oct) 0.2% -1.0% 18:00 GBP Monthly GDP 3M/3M Change (Oct) 0.2% 0.1% 18:00 GBP Trade Balance (Oct) -16.10B -16.32B 18:00 GBP Trade Balance Non-EU (Oct) -5.31B Check back and I will give my impressions of 'sides' & possible trading action to take.
NASDAQ:ARM currently priced at $148.00 ... with a target of 160 and an extended target of 164 NASDAQ:ARM chart shows a breakout above the upper trend-line... - 9-day EMA line crossed over the 50-day EMA line upwards = bullish sentiment - MACD & RSI are both trending higher and away from their sell line and moving average respectively. = bullish sentiment - the move to the upside will target the big green candle on November 7th which happened to be the last failed breakout or rejection attempt - A capture of $150 price level and move or gap up to $150.65 is the resistance level that needs to be turned to a support level since it is the closing price of the previous rejected candle - if 150.65 holds as a support level, the next price level ARM can trend to is 154.65 and then 157.69 -> 160 -> 161.82 -> 164 - Very high volume on call option contracts expiring tomorrow as well as next week. - ARM 152.50 Call 12/13 - volume 6,056 - open interest 949 ... (OI to open around 3000 to show liquidity/continuation) - ratio ~ 6:1 - ARM 155 Call 12/20 - volume 10,578 - open interest 5,126 ... (OI to open around 7,500 to show liquidity/continuation) - ratio ~ 2:1 - ARM 160 Call 12/20 - volume 12,425 - open interest 7,416 ... (OI to open around 10,000 to show liquidity/continuation) - ratio ~ 1.67:1 Not Financial Advice.
World gold prices fell more than 1% on Thursday as investors rushed to take profits after prices hit a 5-week high. "Gold still has an upward trend. However, last night's decline may have occurred because investors sold to take profits ahead of next week's meeting of the US Federal Reserve (FED)" - Zain Vawda - analyst market analysis at MarketPulse commented. This expert believes that the market is shifting its focus to next year's interest rate plan from the FED. This will determine the sustainability of the current uptrend. According to the CME FedWatch interest rate tracking tool, investors currently forecast a 98% probability of the FED cutting interest rates in December. In its "2025 Outlook" report released on Thursday, the World Gold Council (WGC) said the gold market will face two distinct scenarios next year as uncertainty dominates investor sentiment. . However, their base case predicts gold prices will move relatively neutrally if current market conditions continue. “The market consensus is that macroeconomic variables such as GDP, yields and inflation, if viewed in simple terms, suggest that gold will have positive but modest growth in 2025. ? XAUUSD SELL 2698 - 2700? ? TP1: 2680 ? TP2: 2670 ? TP3: OPEN ? SL: 2710
Gold fell sharply on the daily line, breaking the bullish structure that had been rising strongly from 2613 to 2726 in this round. The daily line retracement tested the MA5 daily moving average. The upper track of the Bollinger Band suppressed the 2713 line, the middle track was at the 2654 line, and the RSI indicator was running above the central axis. The short-term chart fell below 2700 in four hours, and a structure of accelerated decline appeared. The RS1 indicator returned to the central axis. The intraday trading ideas for gold are short-term bullish and long-term bearish! Gold fell from a high level in the US market and is now under pressure at 2713. Gold can be sold directly near 2710. The 1-hour moving average of gold has begun to turn at a high level. After the downward divergence, the downward space of gold will be further opened, and it will continue to be sold under the pressure of 2710! First support: 2675, second support: 2670, third support: 2660 First resistance: 2692, second resistance: 2700, third resistance: 2713 Trading strategy: BUY: 2680-2678 SELL: 2710-2712
Gold trading insights: Not signals, but informative zones to aid your decision-making. Please note: These zones are not trading advice. Use them as a starting point for your own analysis.
On Daily time frame, PREMA after making sharp gains has retraced to more than 60% becoming very attractive for Buyers. KVO has also started to change its direction upwards indication a shift of momentum coming up. On RSI, there is a Hidden Bullish Divergence in the making which indicates a very sharp up trend coming up. Therefore, buying immediately at market price will yield substantial gains in quick time. My Trade Values :- Buy (Mkt): 23.50 ~ 25.00 TP1: 38.50 TP2: 45.50
XENUSDT remains within a descending broadening wedge pattern, a setup previously highlighted with a target to test the upper wedge zone, which has now been achieved. https://www.tradingview.com/chart/XENUSDT/pLulg7YZ-Xenusdt-Buy-opportunity/ The next step is preparing for a breakout, focusing on the immediate buy-back zone highlighted in the chart as a key area for potential long positions. Should a breakout occur, the final target for the setup is also specified in the accompanying chart. This coin shows significant potential, and careful monitoring of this setup is recommended to maximize opportunities.
When I look the higher time frame, this pair is looking to have the higher probability to drop. The 4H timeframe has made me to look it with a close eye today. So guys let's wait and see how the market will play out
Hey, everyone. It's that time again for the latest market update on GME. The charts are buzzing with activity, and we have some exciting developments to share. Currently, we are trading within a substantial Bull Pennant on both the 15-minute and 1-hour charts. This indicates strong consolidation and potential for a significant move upwards. Additionally, we have a Bull Flag on the 4-hour chart, adding to the bullish sentiment. On the daily timeframe, we've formed an impressive Cup & Handle, an Inverse Head & Shoulders, and a Bull Flag for the handle of the cup. These patterns are powerful indicators of potential upward momentum. But that's not all! We are also in the midst of a significant Golden Cross on both the daily and weekly charts. This crossover of moving averages is a strong bullish signal, suggesting that we could be on the verge of a major uptrend. Here’s a detailed technical breakdown: 15-minute chart: Bull Pennant 1-hour chart: Bull Pennant 4-hour chart: Bull Flag Daily chart: Cup & Handle , Inverse Head & Shoulders , and Bull Flag Weekly chart: Bull Flag & Golden Cross For those who are new to these updates, it's worth noting the historical context: The last time GME had a Golden Cross on the weekly chart was back in January 2021. Following that, GME saw an incredible 12,000% run over just 183 trading days. With the return of the Kitty and all systems go across all timeframes, the stage is set for a potentially explosive movement. Stay tuned and be ready for what promises to be an exhilarating ride.
When GBPJPY closed above red line next week I expect nice buy setup Stay with me I will publish setups Weekly, Daily and H4 looks great for move up