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DJ FXCM Index

EURUSD Bottom formation in progress. Strong Buy.The EURUSD pair has been trading within a nearly 2-year Channel Down. Being below the 1D MA50 (blue trend-line) since October 02 2024, this is technically still the pattern's Bearish Leg. However, having bottomed on November 22 and transitioned into a (dotted) Channel Up, this is the technical bottom formation of the long-term Channel Down and the rise following a 1D MACD Bullish Cross from such a low level (the lowest in 2 years), confirms that. The similarities with both previous bottom formations (September - October 2023 and February - March 2023) are obvious, all of them triple bottomed before rebounding above the 0.786 Fibonacci retracement level. As a result, buying now and targeting 1.08765 (Fib 0.618) is an excellent long-term trade in terms of R/R. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
3
BTCUSD Wyckoff Accumulation Phase completedLets assume that the strength in the US dollar wont last for too much longer, as Central Banks try and work out how many more trillions are needed in the system. The BTCUSD had been in a trading range for some time and this week we convincingly left it, with a big dose of Bullish price action. Will it last? IDK. I am long BTCUSD so I am fundamentally in the Bitcoin 🚀 camp so I am also talking up my own book. However, if we look to Wyckoff and transpose his teachings on the stages of the accumulation phase, we get quite a convincing outlook to the upside. It could all be down to the fact that we see what we want to see, or it could be a run on the banks to the crypto-sphere.
COINBASE:BTCUSDLong
by Macrobriefing
3
Xau/usd | Analysis Daily to H4 TimeframeXau/usd | Analysis Daily to H4 Timeframe - This Analysis is based on Educational Purposes - We Are observing the market and we have seen that market have a volume as bearish and still market is in sell trend what we are expecting ? we are expected 2665.00 is our observation area because market have to touched this point firstly after that it will create a lowest lowest and complete its right leg which are clearly define in video so if you need any assistance you can search us on social media platforms
OANDA:XAUUSDShort
by professionaltradersfx
DXY Best level for a long-term short.The U.S. Dollar index (DXY) has been trading within a 1.5 year Channel Up pattern (since July 14 2023) and just 2 weeks ago it formed a Golden Cross on the 1D time-frame. Having hit the pattern's top a week earlier, the current rebound seems to technically be part of the Lower Highs/ Lower Lows top formation, similar to October 03 - November 01 2023 peak. That was 1 year again, a peak formation that was also formed after a 1D Golden Cross. This indicates that the long-term pattern (Channel Up) is highly symmetrical and as the 1W RSI is also declining after a rejection on the 70.00 overbought barrier, we consider the current level the best possible short entry. The Bearish Leg that followed the 2023 High extended as low as the 0.786 Fibonacci level. As a result, we expect to see at least 102.000 (just above the 0.786 Fib) before any signs of a rebound. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYShort
by TradingShot
1
Sell EUR/USD Channel BrekoutThe EUR/USD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0482 2nd Support – 1.0445 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
32
USD/CHF price action: bullish momentum after SNB decisionThe Swiss National Bank's unexpected decision to cut interest rates by 50 basis points to 0.5%, the largest reduction since January 2015, has sent the Swiss franc to its lowest value against the US dollar since November 2022. These aggressive cuts aim to bolster Switzerland's economy amidst rising unemployment and global uncertainties by making borrowing more affordable. Meanwhile, the USD/CHF pair has surged above 0.89019, driven by the franc's depreciation and the broader positive sentiment towards the US dollar, which remains strong despite a slight dip. The Federal Reserve's cautious optimism concerning US inflation and a robust labor market suggests a gradual pace of future rate cuts, supporting the dollar's strength relative to the franc. In the short term, if the SNB maintains its accommodative strategy while the Fed takes a measured approach, the USD/CHF's bullish momentum could persist. Traders should stay attuned to upcoming economic data and central bank communications, which will provide crucial insights into monetary policy shifts affecting the USD/CHF exchange rate.
by tastyfx
USDCAD: Excellent short term buy opportunity.USDCAD is heavily bullish on its 1D technical outlook (RSI = 67.681, MACD = 0.007, ADX = 22.105) as it trades inside a Channel Up, supported by the 4H MA50. The 4H MACD is forming a Bullish Cross and in the past 2 months this has been a strong bullish signal. In line with the previous bullish waves, we are aiming for a +2.60% rise from the bottom (TP = 1.42850). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USDJPY 1st 1D Golden Cross since June 2023! Bullish!The USDJPY pair has been trading within a long-term Channel Up since the October 21 2022 High. Today it formed its 1st Bullish Cross on the 1D time-frame in 1.5 year (since June 202 2023) and technically it is a very bullish development. It is not just the standard bullish dynamics of this formation but also that last time we had a Golden Cross, the price bottomed upon the completion of a 1D MACD Bullish Cross, which we also got today and rallied to hit the Resistance 1 level. As a result, this is a strong buy signal and our Target is just below Resistance 1 at 160.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
U.S. Dollar Index (DXY weekly time frame analysisAs of the weekly time TVC:DXY frame, the U.S. Dollar Index (DXY) is trading around 106.59, which places it in an important Fibonacci retracement zone. Here’s an analysis of its current position: Current Position on the Weekly Chart (DXY at 106.59): 1. Fibonacci Levels: 50% Fibonacci Retracement: The current level at 106.59 is near the 50% Fibonacci retracement level of the previous downtrend from 114.00 (2022 high) to 100.00 (2023 low). This retracement level is crucial as it often serves as a turning point. The 50% level is typically seen as a major resistance or support level. 61.8% Fibonacci Retracement: The next key level above 106.59 is 107.50, which corresponds to the 61.8% Fibonacci retracement. If DXY breaks through 107.50, it could signal a continuation toward the next key resistance near 108.50. 2. Support Levels: If DXY fails to hold 106.00–106.50, the next potential support levels would be at 104.50, which corresponds to the 38.2% retracement of the broader move. Outlook: Bullish Scenario: If DXY stays above 106.50 and moves toward 107.50 or breaks it, this would suggest a continuation of the upward trend, potentially targeting 108.50 or higher. Bearish Scenario: A drop below 106.00 could signal weakness, with the next significant support at 104.50. The DXY’s behavior around these Fibonacci levels will likely be key in determining the next short- to medium-term direction for the dollar. Watching the upcoming U.S. economic data releases will be essential for confirming these technical signals.
TVC:DXY
by TRADE_CENTER_1
Gold Breaches Trendline: Bullish Continuation Expected Gold Breaches Trendline: Bullish Continuation Expected Gold's breach of the trendline indicates potential for higher prices. Here's an actionable breakdown: --- Current Trend Overview Breakout Confirmed: The 4-hour candle closing above the trendline confirms a bullish breakout. This signals buyers are in control, and higher levels are now anticipated. --- Targets to Watch 1. First Target: 2760 Why? Likely a nearby resistance or minor psychological level. May face slight consolidation or profit-taking here. 2. Second Target: 2790 Why? Represents a stronger resistance or Fibonacci extension area. Likely to test this level if bullish momentum sustains. 3. Extended Targets (Optional): Beyond 2790, watch 2810 and 2850 as potential zones, depending on strength. Stop-Loss Placement 1. Below Trendline: Conservative traders should place stops just below the broken trendline. 2. Swing Low: Alternatively, set it below the most recent swing low to allow for volatility. 3. ATR-Based Stop: Use the Average True Range (ATR) for dynamic stop placement, e.g., 1.5x ATR below the breakout level. --- Risk-Reward Example Entry: Around breakout level (post-close above trendline). Stop-Loss: 20-30 points below breakout point or recent swing low. Targets: TP1: 2760 TP2: 2790 Risk-Reward Ratio: Maintain at least 1:2 or 1:3. CAPITALCOM:GOLD
CAPITALCOM:GOLDLong
by TRADE_CENTER_1
AUDUSD ShortAUD/USD remains in a bearish trend, with recent price action aligning with technical and fundamental signals. Traders are watching US PPI data today for potential market-moving insights. Technical Setup Using Smart Money Concepts (SMC) and Fibonacci retracement, the 0.71–0.79 Fibonacci zone stands out as a key resistance level, supported by a Fair Value Gap (FVG) from the last swing high. Price is testing the 50% Fibonacci level, creating an opportunity for a short trade. Trade Plan Entry: 0.7120 (near the 0.75 Fibonacci level). Stop Loss: 0.64729 (above the 0.79 Fibonacci level for risk protection). Take Profit: 0.63378 (targeting below the Fair Value Gap for a clean exit). Risk/Reward Insights This setup offers a Risk/Reward Ratio of 1:3, with a risk of 64.7 pips to potentially gain 192.1 pips. Disclaimer Trading involves significant risk. Always trade with a clear plan, implement stop-loss orders, and never risk more than you can afford to lose. This analysis is not financial advice—trade responsibly and stay informed. Follow for more actionable trading insights and strategies!
Short
by InwardTrader
AUDUSD ShortAUD/USD remains in a bearish trend, with recent price action aligning with technical and fundamental signals. Traders are watching US PPI data today for potential market-moving insights. Technical Setup Using Smart Money Concepts (SMC) and Fibonacci retracement, the 0.71–0.79 Fibonacci zone stands out as a key resistance level, supported by a Fair Value Gap (FVG) from the last swing high. Price is testing the 50% Fibonacci level, creating an opportunity for a short trade. Trade Plan Entry: 0.7120 (near the 0.75 Fibonacci level). Stop Loss: 0.64729 (above the 0.79 Fibonacci level for risk protection). Take Profit: 0.63378 (targeting below the Fair Value Gap for a clean exit). Risk/Reward Insights This setup offers a Risk/Reward Ratio of 1:3, with a risk of 64.7 pips to potentially gain 192.1 pips. Disclaimer Trading involves significant risk. Always trade with a clear plan, implement stop-loss orders, and never risk more than you can afford to lose. This analysis is not financial advice—trade responsibly and stay informed. Follow for more actionable trading insights and strategies!
Short
by InwardTrader
XAUUSD - Gold Monthly TargetOverview: Gold and silver have outperformed most other "safe haven" assets. These precious metals are ending the year with remarkable gains. Investors have flocked to them as hedges against inflation and market volatility, helping to drive their values upward. Price: The Bull trend started back in March! (2040). Nine months of continued bullish price actions and blue candles and the price has topped all the way to 2800. Last month (November) we saw gold drop to 2500 finding support. Today gold is back on track creating higher highs in the intraday timeframes. Monthly: The Cup and handle pattern. On the monthly gold is currently in the cup and handle bull run. Pay attention to the Fibb retracement levels. Gold has already touched the 50% and found support at the .618. With the current volume and bullish momentum, gold could easily find the strength to break higher and reach the target (3500) in the next 3-4 months Monthly Pattern Target: 3560 Key Levels: Resistance: 2750 3150 Support: 2500 2600
FOREXCOM:XAUUSDLong
by nikdobii
FORECAST UPDATES: Post CPI Results. Did We Get The Bias Right?Wednesday Dec. 11, 2024. This is the Mid-Week Progress Report. Checking the accuracy of the Weekly Forecast and the Updates video posted yesterday. 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. Thank you so much! 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.
COMEX:HG1!
by RT_Money
DXY - 4H Dollar Index more FallTechnical Perspective: TVC:DXY experienced two significant bullish legs in October and November on the daily time frame. However, the index started to fall sharply at the end of November, and this bearish momentum remains strong. On the 4H chart, DXY reached a key resistance zone and faced a significant rejection with notable bearish momentum, signaling the continuation of the downtrend. The current movement indicates a high likelihood of further declines, potentially to the bottom of the trading range. Many USD pairs are at critical support or resistance levels, and expected reactions from these zones could amplify downward pressure on the DXY, making it increasingly vulnerable to a substantial fall. Fundamental Perspective: In December 2024, the bearish sentiment surrounding the DXY is driven by key fundamental factors. The Federal Reserve is anticipated to implement another 25 basis point interest rate cut during its December 18 meeting, following earlier cuts in September and November. This dovish policy reflects the Fed’s commitment to supporting economic growth amidst a slightly cooling labor market and growing global uncertainties. Adding to the pressure, inflation data showed a 2.7% year-over-year increase in November, a slight uptick from 2.6% in October. Despite this, the Fed remains focused on easing monetary conditions to mitigate recession risks. Additionally, the recent U.S. presidential election has raised prospects of fiscal policy changes, including proposed tax cuts and potential tariff adjustments, which contribute to market uncertainty and weigh on the dollar. These fundamental shifts align with the bearish technical setup, suggesting that the DXY’s downtrend is likely to persist in the near term. Keep an eye on upcoming Fed announcements and inflation data for further confirmation of this trajectory.
TVC:DXYShort
by Sober_Trading
What Can You Expect from the US CPI Report?The November US CPI inflation report (Consumer Price Index) will be widely watched today at 1:30 pm GMT. Headline CPI Inflation Forecast to Have Increased in November According to Refinitiv data, headline YY (year-on-year) CPI inflation is expected to have risen to 2.7% from 2.6% in October, marking a second consecutive month of increasing price pressures. YY core CPI inflation, which excludes energy and food components, is forecast to have risen to 3.3%, matching September and October’s reports. On a month-on-month (MM) basis, headline CPI inflation is anticipated to have increased by 0.3% from 0.2% in October, with MM core CPI inflation forecast to have reached 0.3%, similar to October’s report. As most will be aware, the US Federal Reserve (Fed) works with a dual mandate: to promote maximum employment and maintain stable prices. We saw from Friday’s US Employment Situation Report for November that while job growth modestly surpassed expectations (220,000), adding 227,000 jobs, the unemployment rate unexpectedly ticked higher to 4.2% from 4.1% in October. Therefore, we were left with a somewhat mixed bag. Regarding inflation progress, it is no secret that the Fed is expecting some bumps along the road, and that the recent acceleration in recent months is not ideal. However, I do not believe recent data are sufficient to derail the easing cycle at this point. Yet, it has led some Fed officials to underline the possibility of adopting more of a cautious stance at upcoming meetings, and rightly so. The elevated inflation numbers we have seen in previous months will likely lead the Fed to kick off 2025 tentatively. This is particularly true with the election of Donald Trump, which further complicates the inflation outlook. Inflation Remains Above Fed Target Here is where we stand according to October’s overall inflation data, proving ‘sticky’ north of the Fed’s 2.0% inflation target. YY CPI inflation rose to 2.6% from 2.4% in September, YY PPI inflation (Producer Price Index) rose to 2.4% from 1.9%, and YY PCE data (Personal Consumption Expenditures) elbowed to 2.3% from 2.1%. Core YY CPI inflation remained at 3.3%, core PPI inflation rose to 3.1% from 2.9%, and core PCE data rose to 2.8% from 2.7%. So, while inflation has slowed considerably since the pandemic, inflationary pressures show evidence of stubbornness. PCE data, the Fed’s preferred measure of inflation, is holding just north of 2.0%, and core PCE has stalled around the 2.8% mark amid increased consumption, particularly in services. Fed Rate Cut Largely Priced in Next Week For next week’s meeting, I feel the Fed will likely cut rates unless we get hot inflation data today, which would be a catalyst for a USD bid (an in-line print will not change much). Markets are currently assigning an 85% probability that the Fed will pull the trigger again next week and reduce the target on the Fed funds rate by 25 basis points (bps) to 4.25-4.50%. You may recall that the Fed has already cut rates by 75 bps this year, with a 25 bp reduction in November and a 50 bp cut in September. Dollar Outlook Ahead of the Event According to the US Dollar Index, things are looking up for the USD ahead of the CPI release. The monthly chart shows November probed year-to-date highs of 108.07 and likely consumed a large portion of stops above neighbouring highs to pave the way north towards another layer of resistance at 109.33. Adding to the bullish vibe on the monthly scale, the daily chart saw price action trade through the upper boundary of a bullish pennant pattern drawn from the high of 108.07 and low of 106.11. This could technically underpin further buying towards at least 108.07 and, with a bit of oomph, towards monthly resistance from 109.33. Written by FP Markets Market Analyst Aaron Hill
TVC:DXYLong
by FPMarkets