The EUR/USD pair continues to present bearish opportunities, with a confluence of fundamental and technical factors pointing toward further downside. Here’s why I’m maintaining a bearish outlook as we close out 2024. Fundamental Overview: 1. Eurozone Challenges: • The European Central Bank (ECB) cut interest rates by 25 basis points on December 12, the fourth cut this year, bringing the deposit rate to 3.00%. • Inflation in the Eurozone has cooled to 2.3%, down from a staggering 10.6% in 2022, allowing for looser monetary policy. While this helps stimulate growth, it highlights persistent economic weakness. • Additional pressures such as political instability in France and looming U.S. trade tariffs have further dampened business confidence, leaving the Euro vulnerable. 2. U.S. Resilience: • Meanwhile, the Federal Reserve is keeping rates higher for longer, signaling a cautious approach to rate cuts in 2025. • The U.S. economy continues to impress with strong growth and a robust labor market, boosting the dollar’s appeal. • This divergence in monetary policy adds fuel to the dollar’s strength against the Euro. Directional Bias: The combination of aggressive ECB easing and the Fed’s steady hand creates a clear bearish bias for EUR/USD. With the Eurozone economy struggling to gain traction and the dollar benefiting from a strong U.S. outlook, the path of least resistance seems downward. Technical Breakdown: Looking at the chart, the bearish case aligns perfectly with the technicals. Why This Matters: This isn’t just about catching a short-term move—it’s about understanding the macro story. The Eurozone faces an uphill battle with slower growth and weaker confidence, while the U.S. remains an economic powerhouse. The technical structure reinforces this narrative, giving us a clear path for action.
These are the 2 levels I'm watching for Doge. I think we will get the bottom trigger.
CAN WE CATCH A BOUNCE OR WILL WE BRING LOWER TO 1.66 RANGE BEFORE NEXT LEG UP?!! My hope is we catch the bounce off 1.90 and continue up off the flag pattern. I believe this week /month shall test future moves, if we push to the downside I'm looking to reenter at 1.66-1.70. Money is in the chart guys!
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/NZD Sell. Enjoy the day all. Cheers. Jim
Last week, the global gold market had a quiet trading week, with prices capped at $2,650/ounce. This week, gold prices are also expected to remain flat due to the tug-of-war between safe-haven demand and pressure from the recovery of bond yields and the greenback. Speaking about gold's movements in 2025, City Index market analyst Fawad Razaqzada said that although the US dollar and higher bond yields could negatively impact gold, there are still some supporting factors that could help the precious metal reach $3,000/ounce. The expert explained that amid persistent inflation concerns, the US Central Bank is expected to be more cautious in its interest rate decisions next year. This is likely to support bond yields and the US dollar, two factors that often reduce the appeal of gold. Higher bond yields have a significant impact on investment demand for the yellow metal, as they increase the opportunity cost of holding these non-yielding assets. “At the same time, the greenback’s resilience, supported by hawkish central bank policies and strong economic data, makes gold more expensive for buyers holding other currencies. These dynamics could limit gold’s upside potential in the first half of next year.” ? XAUUSD SELL 2625 - 2628? ? TP1: 2620 ? TP2: 2610 ? TP3: OPEN ? SL: 2637
Hello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trade on what we see the price movement on chart. A key part of my discipline is always setting a Stop Loss when opening a trading position. This ensures every trading position is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
Fantom has a bullish divergence on RSI in this zone and also has reversal potential from here.... if you want to buy manage your positions and be careful... its not a financial advice...
Dec 30th to Jan 3rd. USD is still strong, and so are the indices. I will be looking for buys until there is a significant bearish Break of Structure. A strong USD is a headwind for Gold, Silver and the other metals. It is also a headwind for GBP, EUR and the other majors. USDCHF, USDCAD and USDJPY should see some upside. Thank you for hangin' with me for 2024! I hope you found a benefit in my weekly forecasts this year. 2025 will be even better! Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
I predicted XRP at 38 cents Now if the monthly candle closes below the white line ($1.98) then price will continue to drop possibly to 63 cents before it reaches a new high. This is my fav crypto and I believe this coin can somedays be ranked #2 or even #1 crypto in the world due to the extremely low fees and FAST transactions!
unless a miracle happens in the form of altseason, which will pull out any sh*t - this is the classic -90% path that will pass this samurai