Anta Sports: Turning Point Reached 🛑The bears dominated Anta Sports' price action last week, causing further sell-offs. Given this development, we do not consider the magenta wave (x) to be over yet and give it some room to fall. However, the price should not fall too much further and especially not below the support level of HK$67.85. Above this level, the low should be reached and the bullish move in the form of the magenta-colored wave (y) should resume. On the other hand, a break below this level would trigger our alternative scenario, to which we assign a fairly high probability of 44%, which would entail a direct completion of the green wave (2).
Chartanalysis
XRPUSD to move higher if breaks above falling wedge...GBPUSD
The price is currently above support/resistance structure, and price is currently attempting to break above the falling wedge, If price manages to break above the trendline I expect the price to move higher...
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
USDJPY rejected twice from Resistance, to move lowerUSDJPY
price has show rejection from the resistance area twice, and price is attempting to break below ascending channel, if price manages to break below the channel, we can expect the price to move lower.
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
🔥 GPBUSD BEARISH ANALYSIS 🎯🔥✅Hello traders what do you think about Gpbusd)?
traders 1h tame frame see a bearish pattern channels breakout. rsl retet 1.26393
Down 👇 support levels ✅
1.25222 now waiting. Same time
Dollar steady as traders weigh labour data; yuan eases
Dec 6, 202311:22 GMT+5
The dollar was near a two-week high against a basket of currencies on Wednesday as investors assessed U.S. economic data that showed a cooling labour market, while wagering the Federal Reserve will cut rates next year.
The spotlight in Asia was on China, where the yuan extended losses as markets grappled with rating agency Moody's cut to the Asian giant's credit outlook.
The dollar index
DXY
, which measures the U.S. currency against six rivals, was 0.029% lower at 103.93, having climbed 0.3% overnight. The index is up 0.5% this month, after sliding 3% in November, its steepest monthly decline in a year.
Data on Tuesday showed U.S. job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers. Data also showed there were 1.34 vacancies for every unemployed person in October, the lowest since August 2021.
Moh Siong Sim, currency strategist at Bank of Singapore, said the data indicated that the cooling of the labour market is on track. "It puts a lot of focus now on the non farm payrolls this Friday."
The November jobs data will provide further clues on the labour market ahead of the Fed's policy meeting next week
Fed officials are now in a blackout period ahead of the U.S. central bank’s Dec. 12-13 meeting, where a key focus will be the updated projections of where they see rates at in 2024.
Dollar steady as traders weigh labour data; yuan eases
Dec 6, 202311:22 GMT+5
The dollar was near a two-week high against a basket of currencies on Wednesday as investors assessed U.S. economic data that showed a cooling labour market, while wagering the Federal Reserve will cut rates next year.
The spotlight in Asia was on China, where the yuan extended losses as markets grappled with rating agency Moody's cut to the Asian giant's credit outlook.
The dollar index
DXY
, which measures the U.S. currency against six rivals, was 0.029% lower at 103.93, having climbed 0.3% overnight. The index is up 0.5% this month, after sliding 3% in November, its steepest monthly decline in a year.
Data on Tuesday showed U.S. job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers. Data also showed there were 1.34 vacancies for every unemployed person in October, the lowest since August 2021.
Moh Siong Sim, currency strategist at Bank of Singapore, said the data indicated that the cooling of the labour market is on track. "It puts a lot of focus now on the non farm payrolls this Friday."
The November jobs data will provide further clues on the labour market ahead of the Fed's policy meeting next week
Fed officials are now in a blackout period ahead of the U.S. central bank’s Dec. 12-13 meeting, where a key focus will be the updated projections of where they see rates at in 2024.
Traders have priced in 99.7% chance of the Fed standing pat next week but a 56% chance of the central bank cutting rates in March, according to CME's FedWatch tool. They have also priced in at least 125 basis points worth of cuts next year. (FEDWATCH)
Mitra said there could be a snapback should the Fed drive home the message more forcefully that it is not about to cut rates anytime soon.
Quant: At the crossroads 🚦🛣️Considering last week's rise, which briefly pushed Quant's price above its November highs, we now believe that the overarching magenta wave (ii) has come to an end. Accordingly, the coin should already be working on the first steps of the subsequent upward movement, which we have broken down. Primarily, we consider wave ii in orange to have already ended, but if the resistance at $109.81 is not overcome, this would activate our 45% probable alternative. In this case, a fall to the orange Target Zone between $97.14 and $89.89 would be on the cards.
EURUSD Back Under PressureHi Traders!
EURUSD is now under pressure following the NFP report. Momentum is now back with the US dollar, and further downside momentum looks very likely.
Here are the details:
The market is trending down following the break and close below the 20 EMA. There is a possibility of the market going back below the 1.07 handle.
Preferred Direction: Sell
Entry Level: 1.07458
Stop Level: 1.07961
Target Level: 1.06453
Technical Indicators: 20 EMA
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Bullish Wedge Pattern breakout in CHOLAFINCHOLAMANDALAM INVESTMENT & FINANCE LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Wedge Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1260+.
✅Can Go Long in this stock by placing a stop loss below 1080-.
Head & Shoulder Pattern breakout in HAPPSTMNDSHAPPIEST MINDS TECHNO LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 935+.
✅Can Go Long in this stock by placing a stop loss below 842-.
Reversal Rising Wedge pattern in APOLLOHOSPAPOLLO HOSPITAL LTD
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Stock Showing Reversal of Rising Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 5680+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 5950+.
📈 Can Go Long in this stock by placing a stop loss Below 5340-.
Petrochina: Please reverse! 🔄Last week, the PetroChina share price continued its downward trend and has now reached the level at which it should form the low of the blue wave (iv) in our primary scenario. Consequently, it should soon stabilize and stop its downward movement. With the low in its pocket, a further rise is then on the cards to complete the turquoise wave 4. Only when this overarching movement is completed should stronger declines follow. However, there is also an alternative scenario with a fairly high probability of 40% that would come into effect if the sell-off continues into next week. In this case, the high of the turquoise wave alt.4 would already be in place and the price would be in the subsequent downtrend.
Waste Management: Breakout Attempt 💥🚪Waste Management stock is currently attempting to break the upper line of the pink trend channel. We expect it to do so within the framework of the turquoise wave 3, which should provide an important upward momentum that should also take the wave above the resistance at $175.98. As for the rest of the turquoise 5-wave move, the price should hold above this level and only complete the structure and thus the gray wave III at around $192. This bullish outlook is only hindered by the 27% chance of a break below the support at $149.71.
💥EUROUSD) next move 💥🚀🚀hello trader’s what do you think about Eurousd ) analysis ideas 💡??
…………………………………………………🧐
Euro 💶 usd …………………………….🧐
Analysis …………………………………🧐
Support levels………1.08789———🎚️
Support levels………1.07500———🎚️
Resistance levels__1.09500———🎚️
Resistance levels—1.10145———. 🎚️
Resistance levels—1.10963———-🎚️
Trader’s follow support and resistance levels 👍🏻💡…………………
Plaes like 👍🏻 and comment ⚙️🙏)🙏 FX:EURUSD
Coffee: Something's brewing ☕⏳The coffee price is currently trading in our orange Target Zone between USX 180.40 and USX 174.65 and is making its first attempts to rise. According to our expectations, the low of the yellow wave 2 has already been reached and we expect the yellow five-part wave to continue to grow to USX 210 before the upward structure and thus also the overarching wave (b) in blue is completed.
#NIFTY Intraday Support and Resistance Levels -05/12/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 20650 level and then possible downside rally up to 20530 in today's session. in case nifty trades above 19770 level then the upside target can go up to the 19890 level.
[INTRADAY] #BANKNIFTY PE & CE Levels (05/12/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 46450 level then possible downside rally of 400-500 points upto 46050 Level. Any Major upside only expected in case banknifty starts trading above 46550 level.