https://www.tradingview.com/x/yUwB6Fx3/ Take a look at our analysis for GBPUSD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.252. The above observations make me that the market will inevitably achieve 1.258 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Morning folks, Hopefully you had a great Xmas time... Today we do not have a lot to comment. Our view we've explained in previous update Setup has started just perfect. Once upside AB-CD was done, the H&S starts. Now we consider two points - 89.5-90K, mostly because of Fib support and oversold on daily chart [ /b] And the major one around 82K as a H&S downside target. 10-year yields are keep climbing https://www.tradingview.com/x/o2MziTkf/ with 4.75% target by our view. So the pressure on all dollar rivals will remain for some time. Thus, no longs, if you've missed entry on top, no problems, you could try to step in on minor intraday pullback.
Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
Sun Pharma is showing good bullish price action and is holding strongly above the Monthly & Weekly Pivots. Long position can be built for a quick long target to 1860 level. Beware that there is a trend line resistance at that level. So ensure that profit booking is done at that level.
With the fall of the dominance of Bit from the desired point, we have the beginning of the second wave of growth of altcoins and this point could be the beginning of the alt season
Hello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
Bitcoin hasn't broken out the previous (2021) ATH in gold terms. Assuming diminishing returns, a 75% gain would take us to $183K. A repeat of 2021, considering it was a muted bull market (FTX) with a 150% gain, would take us to $270K.
Yesterday, Bitcoin got squeezed into an even tighter sideways range near the upper boundary of the range. A full false breakout of the $99,600 level with liquidity capture did not follow. At the moment, we have transitioned to a decline. On the cumulative delta, we observe absorption of sells through limit orders, therefore we prioritize expecting a resumption of buying through a false breakout of the lower boundary at $92,300 or upon formation of a signal within the range. Buy zones: level $92,300 (local low), ~$80,000 (volume anomaly), $77,000-$74,000 (major volume zone). Sell zone: $100,000-$102,000 (mirror volume zone). Interesting altcoins For KOMA below we have 2 strong volume zones $0.146-$0.134 and $0.121-$0.116, upon testing them and seeing a reaction we open a long position. https://www.tradingview.com/x/SOmyYGbD/
Hello traders, The latest speech by Bank of Japan Governor Kazuo Ueda stated: ★ Even if the economy and prices improve, maintaining the current low interest rates could make monetary policy too loose. An overly loose monetary environment may force the Bank of Japan to significantly raise interest rates, which would be detrimental to long-term economic growth. The timing and pace of further adjustments to monetary support will depend on the economic, price, and financial conditions at that time. ★ If monetary policy remains too loose, it may force the Bank of Japan to raise interest rates quickly, which would have a negative impact on sustainable economic growth. ★ There is a high level of uncertainty regarding the overseas economic outlook, especially concerning the economic policies of the incoming U.S. administration. U.S. policies could have a significant impact on the global economy and markets, so the effects on the Japanese economy and prices must be studied carefully. Interestingly, this statement was interpreted by the market as "a cautious attitude towards changing interest rate policy," meaning that the Bank of Japan may not raise interest rates in the near term. Following the speech, the dollar-yen exchange rate rose by 0.1%. However, before the December monetary policy meeting, about 86% of economists surveyed by the media indicated that the timing for raising interest rates has matured. The Japanese inflation data released on Thursday was not ideal: - November CPI rose 2.9% year-on-year, accelerating from October's 2.3%; - November CPI (excluding fresh food) rose 2.7% year-on-year, up from a previous value of 2.3% and an expected value of 2.6%; - November CPI (excluding fresh food and energy) rose 2.4% year-on-year, compared to a previous value of 2.3%. The CPI growth reflects that the impact of government energy subsidies and rising food prices is gradually fading, and potential inflationary pressures in Japanese society are building up. In this context, is the market's understanding of the Bank of Japan's speech as "not preparing to raise interest rates" and continuing to implement a loose monetary policy overly optimistic? Technically, USDJPY is still running above EMAs on daily chart. I would really like to wait for a retest of red EMA and reentre to long this pair again, up to target FIBO EXT 1.27 161.50. What is your plan ? Happy new year! LESS IS MORE!
GBP/USD currency pair was not traded on Wednesday due to the closure of the Forex market. On the weekly timeframe, the pound demonstrates similar dynamics to the euro. The differences lie in the strength of the movements, reflecting the different stability of the euro and the pound. However, the general trend is set by the growth of the US dollar, which has been strengthening for 16 years. This confirms that it is the dollar that is driving the market, not the weakness of the euro or pound. Over the past 16 years, the euro has depreciated 1.55 times and the pound 1.69 times. The pound's faster fall is due to the UK's economic problems. The pound has recovered more strongly than the euro over the past two years, but this movement remains a correction within a global downtrend. The fall in the British currency is likely to continue. If the global trend is not completed, the pound could fall to the 1.18 level in 2025 or even below this parity. The completion of a 16-year trend requires significant catalysts, which have not yet been seen. The main driving force for the pair remains economic data from the US, while the British Pound continues to be under pressure due to weak macroeconomic data and political instability in the UK. Investors should keep an eye on news related to the Fed's monetary policy and interest rate expectations. Trading recommendation: Trading mainly with Sell orders from the current price level.