GBPUSD - continue its downward trendDear Investors,
The GBP/USD pair has rebounded after losing over 1% following the Federal Reserve's aggressive rate cut on Wednesday, currently trading around 1.2590 during Thursday's Asian session.
From a technical perspective, this recovery is likely to be short-lived, stemming from the strong support zone at 1.2567, rather than signaling a sustained rebound. Sellers could easily regain control, especially after breaking below the key level of 1.2645. Moreover, the 34-period EMA shows no signs of a significant reversal, suggesting the price might accelerate towards the next support level at 1.2486.
Attention remains on the immediate resistance at 1.2615, as any failure to hold this level could lead to an earlier-than-expected decline. Stay alert and plan accordingly!
Signals
USOIL Will Move Higher! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 70.05.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 72.85 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURCHF Is Bullish! Long!
Here is our detailed technical review for EURCHF.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.932.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.936 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.
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NZDCAD Is Very Bullish! Buy!
Take a look at our analysis for NZDCAD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.814.
The above observations make me that the market will inevitably achieve 0.819 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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USOIL Is Bullish! Buy!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 69.836.
Considering the today's price action, probabilities will be high to see a movement to 71.162.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EUR-JPY Will Go UP! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend and the pair made
A breakout of the key
Horizontal level of 162.230
Then made a pullback and
A retest and is going up again
Now so we are bullish biased
And we will be expecting a
Further bullish move up
Buy!
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Check out other forecasts below too!
NEON Set to Explode? Don’t Miss Out! 12/20/24Previously, #NEON peaked at $3.8.
Currently, the market is in an accumulation phase (where investors gradually buy assets), and the price occasionally rises in small bursts—#NEON is a perfect example of this trend.
I recommend gradually buying #NEON on the spot market and adding to your position over time. A solid move could be on the horizon.
DYOR.
GBPNZD Will Go Lower! Sell!
Here is our detailed technical review for GBPNZD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2.218.
Considering the today's price action, probabilities will be high to see a movement to 2.208.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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DXY Will Go Up From Support! Long!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 106.945.
Taking into consideration the structure & trend analysis, I believe that the market will reach 108.251 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Interest Rates Are Falling, So Why Is the EUR/USD Declining?Hello everyone,
Currently, the EUR/USD pair is trading with a slightly negative bias around 1.0360 in early Friday’s Asian session. The major currency pair remains defensive as the US Federal Reserve adopts a less dovish stance despite cutting interest rates by 25 basis points at its December meeting on Wednesday.
In summary: The Fed’s hawkish tone has delivered its intended impact: the dollar has strengthened, and markets have weakened.
Today, all eyes are on the November Personal Consumption Expenditures (PCE) Index, the Fed’s preferred measure of inflation. Meanwhile, the EU will release its preliminary estimate of December Consumer Confidence.
Technical Perspective:
After the initial decline, the price attempted to recover but faced resistance at key levels, highlighted by the blue liquidity zones on the chart. If the price fails to break through the liquidity zone at 1.03894, we could see further bearish pressure. The first target lies at 1.03502, and a break below this level could drive the price toward 1.03000, marking a significant move for the pair.
Wishing you all successful trades and great profits!
#XAUUSDFed exposed: Probability of raising interest rates next year up to 40%?
🔻 The Fed reduced interest rates by 0.25% to 4.25%-4.50%, but the market perceived this as a "hawkish" move.
🔻 The market reacted strongly: USD soared, stocks fell sharply, US bond yields increased.
🔻 The Fed's economic forecast is controversial when it increases the 2025 inflation forecast to 2.5% and reduces the number of interest rate cuts in 2024 to two.
🔻 Some economists, like Apollo Global Management's Torsten Slok, predict a 40% probability of the Fed raising interest rates by 2025.
🔻 The upcoming Trump administration's trade and tax policies could push inflation higher, forcing the Fed to consider raising interest rates sooner, possibly as soon as the second quarter of 2025.
🔻 Chairman Powell did not rule out the possibility of raising interest rates, emphasizing the need to maintain a flexible stance in the face of
MASTERCARD Huge sell signal emerged, hit 1D MA50 after 4 months.Mastercard (MA) has been trading within a 2-year Channel Up that has given us very accurate trades. Our previous signal (April 02, see chart below), was a sell right on the pattern's top that easily hit our $440 Target:
Once more we see a long-term Top on this stock as the price almost priced a Higher High and on yesterday's Fed fueled pull-back, it hit its 1D MA50 (blue trend-line) for the first time in 4 months (since August 06).
Apart from that, the 1D RSI has been on a Bearish Divergence of Lower Highs (against the Higher Highs of the Bullish Leg/ dotted Channel Up) since October 18. All such previous Bearish Divergences within this 2-year Channel Up, have started the Bearish Legs (red ellipses) of the pattern, which hit at least their 0.382 Fibonacci retracement levels.
As a result, we have a high probability short signal at our hands, targeting $495.00 (Fib 0.382).
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USDJPY Analysis And Next Market MovePair Name = USDJPY
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Details :-
USDJPY is getting a good volume. Gradually moving higher. Expecting 400 Pips + gain in this Move. USD is getting strong. That is pushing JPY Down. We can see price around 162.000 soon
Bullish Target:-
162.000
162.500
GBPJPY Will Go Up From Support! Long!
Please, check our technical outlook for GBPJPY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 194.719.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 196.745 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
WTI OIL entered a new bullish pattern on a 4H Golden Cross.WTI Oil (USOIL) just formed a Golden Cross on the 4H time-frame while at the same time it rebounded on the former Lower Highs trend-line. This technical shift from a Resistance level turning Support, signifies the emergence of a new Channel Up pattern.
The pattern's first Higher High was priced on the 71.45 Resistance (1) and if the current Higher Low holds at the bottom of the Channel Up, we expect an equally powerful Bullish Leg for the next Higher High.
As a result we expect it to hit at least Resistance 2 and our Target is $72.80.
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GOLD recovered quite strongly, falling after FOMCOn the Asian market today (Thursday, December 19), OANDA:XAUUSD Spot trading recovered strongly after a sharp decline in the previous trading day. Gold price reached its highest level at the time of writing at 2,618 USD/ounce, an increase of nearly 30 USD during the day.
The market will next receive US economic data, including final third-quarter GDP and weekly unemployment claims.
Market attention will then turn to Friday's release of the U.S. personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, which will boost the U.S.'s copper performance. US Dollar and gold in the short term.
FOMC
On Wednesday, the Federal Reserve cut interest rates as expected and predicted less policy easing in 2025. Federal Reserve Chairman Powell said the threshold for the next rate cut could be higher, which sent the US Dollar and US Treasury yields soaring, while at the same time, Gold fell more than 2% to a one-month low in trading on Wednesday.
Federal Reserve officials cut interest rates for a third straight time on Wednesday, but lowered their forecast for the number of rate cuts next year, signaling they are increasingly cautious about being able to reduce spending. How quickly does the loan cost?
The Federal Open Market Committee (FOMC) voted 11-1 on Wednesday to lower the federal funds rate to a range of 4.25%-4.5%. Cleveland Fed President Beth Hammack voted against, in favor of keeping interest rates unchanged.
In the FOMC policy statement, Fed officials noted that economic activity continued to expand at a solid pace. Labor market conditions have generally eased since the beginning of this year, with the unemployment rate rising but remaining low. Inflation has made progress toward the committee's 2% target but remains high.
The new Dotplot chart shows some officials expect fewer interest rate cuts next year than they estimated just a few months ago. Fed officials currently expect the benchmark interest rate to be between 3.75% - 4% by the end of 2025, which, according to the median estimate, would mean two rate cuts of 25 points each. basic.
Jerome Powell
The Fed will cut interest rates only twice next year amid rising inflation, according to Fed Chairman Jerome Powell, a forecast consistent with Trump's wait-and-see approach when he returned to the White House in January.
Powell said Fed policymakers want to see more progress in reducing inflation when considering future rate-cutting strategies.
US federal funds rate futures have reflected that the Federal Reserve will leave its benchmark overnight interest rate unchanged at its policy meeting on January 28-29 next year.
Analysis of technical prospects for OANDA:XAUUSD
Thus, gold has enough conditions to decrease in price after falling below the 0.618% Fibonacci level and bringing price activity back below the EMA21 moving average, with a sudden impact from fundamental factors.
In the short term, although gold recovered from the 0.786% Fibonacci retracement level at $2,591, which was the bearish target noted by previous readers, it could still continue to decline further with a target around $2,538. . When the Relative Strength Index dropped below the 50 mark and was quite far from the oversold area, it showed that there is still plenty of room for price decline ahead.
During the day, gold price increases as long as they do not surpass the 0.618% Fibonacci level and EMA21 should only be considered short-term recovery.
Along with that, the downward trend in gold prices will be noticed again by the following technical levels.
Support: 2,591 – 2,552 – 2,538USD
Resistance: 2,624 – 2,634USD
SELL XAUUSD PRICE 2635 - 2633⚡️
↠↠ Stoploss 2639
→Take Profit 1 2628
↨
→Take Profit 2 2623
BUY XAUUSD PRICE 2549 - 2551⚡️
↠↠ Stoploss 2546
→Take Profit 1 2556
↨
→Take Profit 2 2561