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NIFTY - What is Next on 07/Dec/2023In the Nifty chart, there are indications of a potential double top formation near the swing profit booking zone of 21003-20975. If prices decline from these levels without dwelling for an extended period, it raises the likelihood of exhaustion, potentially leading to profit booking and a descent to around 20875. Subsequently, a consolidation phase between 20875 and 20920 may occur. A breach below 20870 could trigger a further decline to the range of 20820-20800. If prices open lower and trade beneath 20875, traders are advised to wait for a test of the 20838-20822 range before initiating a buying trade, with a stop loss at 20800. The target for this trade is set at 20900-20930. Should prices dip below 20800 and linger, refraining from trade is recommended until an upward retracement occurs. Look for a short trade near 20850-20875 with a stop loss at 20900 if such a retracement takes place (position trade).
NSE:NIFTYShort
by LiveTradingBox
AUDCHF, 8H, ICT Short setup and path idea to key support levels🚩 New Signal Notification 📣 Attention Traders! 📈🔍 🔹 AUDCHF, 8H, ICT Short setup🔹 From our AI screener, we found CHF is going to upside and AUD turns weak to downside a bit. TA: By simple ICT setup, we found there is a ICT Short setup in timeframe 8H. Last week, 8H bar highs were rejected from the fair very gap (FVG) and formed a Lower High Our idea to the next support levels below as shown. AUDCHF is one of our focus this week, Only Short strategy, may be landing slowly to the support levels. Good luck!
Short
by ICT_Trader_SB
USDZMW We are still seeing bullish momentum in the markets as kwacha is still loosing value againt the dollar, fundamentally/ economically the kwacha isn't performing well due to lack of proper economic activities in Zambia we will continue to see kwacha depreciate as there is a debt criss in the country and the government as of now is running low on reserves as they can only depend on the debt relief in order to keep the economy running smoothly as of 20th november bloomburg published that zambia's dollar debt plunged after official creditors co-led by China and France rejected a revised bondholder restructuring proposal, stalling the revamp of $3 billion of outstanding notes. This caused the kwacha to weaken as this will cause an economic HAULT on zambias economy as of now $1 to kwacha is at K23.84 against the dollar, so long creditors do not accept the revised bond proposal we might keep seeing it rise, technical analysis shows us a possible reversal in price might take place at MARKET PRICE K25, based on our technical speculation we might see price form some liquidity at that price as seen on our trend line and we expect price to to sell till k20 kwacha againt the dollar where we expect it to stabalize there for a while till proper economic polices are put in place.
by Mutobo
XauUSD: How to fluctuate if the price accepts 2052The price of gold has been moving sideways without any signs of a breakthrough. At the time of writing, it is trading at a stable level of $2043. The precious metal cooled off as the US dollar slightly strengthened. The DXY index, which measures the movement of the greenback against a basket of six major currencies, rose from 102.3 to 102.8 at the start of trading on November 29 in the US market. However, the appeal of this precious metal remains high as it continues to be in an uptrend according to technical analysis. If gold accepts the level of $2052, it will continue to rise towards the target of $2070. On the other hand, if gold falls below $2035, it will push the price down with an expected decrease to $2012.
OANDA:XAUUSD
by Samson-FX
BTCUSDT increased sharply to 40,000 USDBTCUSDT is currently experiencing stability within the price channel, indicating that Samson's previous prediction of a price increase without any significant breakthrough below still holds true. This trend is helping to keep the electronic market at a high threshold and potentially paving the way for it to surpass $40,000 in the near future. Furthermore, there are speculations among some members that the large whale in the market may be associated with a company that has registered Bitcoin Spot ETF. However, there is no definitive information available on this matter. If Bitcoin SPOT ETF gets approved, asset managers will be mandated to possess and securely store substantial amounts of Bitcoin.
Long
by Samson-FX
1
Basic forecast and rib structure for golden momentumThe price of gold has cooled down compared to earlier this morning, after reaching its highest point in over six weeks at $2051. It increased by 1.5% for the day and currently remains stable at its seven-month high of $2044. Gold is expected to continue rising in the near future. The 1-hour chart shows that both EMA lines indicate strong buying pressure. There is a possibility of a correction before the price resumes its strong upward trend, and Samson's perspective emphasizes the importance of this adjustment period. Key support levels to consider are $2020 and $2030. There are consecutive resistance levels at $2050, $2060, and $2070.
FXOPEN:XAUUSDLong
by Samson-FX
1
Gold is still ready to regain $ 2,020 in the weekGold prices today also continue to rise as they surpass the $2,000/ounce mark. At one point, gold reached $2017, the highest level since May. The market is cautious, preparing for the favored inflation measure of the US Federal Reserve - the PCE price index, which will be released later this week. -The US PCE inflation data will help strengthen bets on a Fed interest rate cut in May, while Eurozone inflation data will provide new insights into the interest rate outlook of the European Central Bank (ECB). Both of these data points could have a significant impact on gold prices, which do not bear interest. -Meanwhile, gold traders will receive signals from the temporary ceasefire between Hamas and Israel, as mediators are making every effort to extend the thawing period in the Middle East conflict. This is the first ceasefire since the start of the conflict between Israel and Hamas on Friday morning. Source: Fxstreet At the time of writing, the price of gold is trading at $2011. In my personal opinion, I believe that gold will continue to decline in the short term, with an expected decrease to $2005. However, if it manages to break through the resistance level at $2020, this will likely result in a strong upward trend in price. Wishing you successful trading!
OANDA:XAUUSD
by Savanna_Blade
5
EURUSD: Latest update todayDear friends, EUR/USD is maintaining a strong upward trend in the early trading hours of the new week, consolidating around the 1.0950 level and directly facing resistance at 1.095. This currency pair is currently supported by the selling of the US dollar and the slow pace of the US bond yields amid cautious sentiment. Data from the US and Lagarde's testimony are eagerly awaited. -Private sector business activity in the US is expected to slow down in November. In the event of disappointing PMI results, the US dollar (USD) may struggle to sustain its recovery against its counterparts in the US trading session, creating trading opportunities around the EUR/USD pair. Source: FXSTREET
by Savanna_Blade
5
BTCUSDT: The long -term increase is still hotDear friends, in general, Bitcoin continues to expand its trend on the daily timeframe. Currently, it is trading below the psychological resistance level of $38,000. The upward momentum of Bitcoin is consistently being restrained, but it still maintains a long-term upward trend. As long as it sustains its strong upward movement above the stable price channel at $37,000, the price rally will continue. Wishing you successful trading!
Long
by Savanna_Blade
4
Update the latest USDJPY on November 27Currently, the USDJPY pair is still moving sideways throughout the trading session, hovering around the 149.00 level. At the time of writing, the price is trading at 148.97. With no major economic data expected to be released from Japan this week, the USD/JPY pair continues to rely on the momentum of the USD. From the analysis chart, we can see that USDJPY has broken out of the uptrend channel and is still moving sideways. Therefore, it is expected that the price will retest 149.56 before starting a significant downward trend with an anticipated decline to 148.10.
Short
by Savanna_Blade
5
Long-term XAUUSD, the upward momentum has not stoppedDear friends, we can see that the gold market has witnessed strong buying momentum over the past 2 weeks. Investor demand for safe haven assets has increased amidst tense developments in the Middle East. Gold prices have marked their third consecutive week of gains. Currently, Gold is facing resistance near $2,000 but has not encountered any difficulty in finding its footing this week. The Federal Reserve's monetary policy meeting and the October employment data from the United States may drive the action for XAU/USD in the coming week, while political uncertainty remains unresolved, which could support and maintain its upward trajectory. In terms of forecasts for the next week : According to the CME FedWatch Tool, the market seems confident that the Fed will keep interest rates unchanged at 5.25% to 5.5% at this meeting. At the same time, the Fed is expected to maintain a restrictive monetary policy in the near future.
OANDA:XAUUSD
by AlselvSignals
4
Gold is stable waiting for a decision from the FEDDear friends, Gold continues to trade sluggishly around the $1995 mark, showing little change compared to yesterday's trading session. Market analysis: - The global precious metal is caught between escalating political tensions and expectations of interest rates ahead of the Federal Reserve's monetary policy meeting. However, we remain optimistic about this issue. Forecast for the Federal Reserve interest rate at this week's meeting: Currently, the market seems to be certain that the Fed will keep interest rates unchanged. Many believe that the important information will be the message from Fed Chair Jerome Powell at the subsequent press conference, and it is highly likely that the head of the world's most powerful central bank will maintain a hawkish tone in the context of persistent inflation. Technical analysis : Gold is facing a resistance level at $2010, so the possibility of a decline will start from here. Key support levels to watch are $1960 and $1935. This could be a catalyst for Gold to rebound in the near future. Do you agree with my analysis?
OANDA:XAUUSD
by AlselvSignals
5
USD/JPY: Fatigue, but no sign of reversalDear beloved friends, Currently, the recent recovery of USD/JPY has stalled as it hovers around the strong resistance level at the psychological mark of 150, not far from the highest level of 152.00 in 2022. However, there are no signs of a reversal in the upward trend. Furthermore, this pair is receiving support from a series of optimistic economic data from the United States (US). Breaking above this level could potentially support the pair in exploring the area around the monthly high at 150.16, followed by the psychological level at 150.50. By using Fibonacci extensions, surpassing the 150.00 level will provide additional upward momentum for USD/JPY, along with the completion of wave D as expected.
Long
by Karina_Bella
12
BTCUSDT increased sharply, the market was hotDear readers, Escaping the discount channel has resulted in an impressive price increase. At the time of writing, the cryptocurrency market is trading below the $30,000 barrier. The upward trend is strong as it consolidates at high levels with stable trading activity on a 2-hour timeframe. As a result, there is eager anticipation for SEC approval of proposed Bitcoin exchange-traded fund transactions. This has contributed to making the market hotter than ever. It is expected that this price increase will reach $31,209. What are your thoughts on this matter? Do you agree with me?
Long
by AlselvSignals
32
USDJPY declines due to the weakening of the USD!Hello dear friends! Today, once again the USDJPY pair has moved away from the 150.000 area. As a result, USD/JPY - the amount of Yen that can be purchased with one Dollar - has decreased after the release of the lackluster Non-Farm Payrolls, leading to a series of Dollar sell-offs. From a short-term perspective on the 4-hour chart, this decline has brought the currency pair closer to a potential trend reversal. The two important support levels at 150.500 and 150.00 have been broken. Breaking below the low of 148.80 on October 30th will provide much stronger evidence that the bears have finally turned the tables against the bulls, as this is a lower high of the short-term uptrend.
by Karina_Bella
6
BTCUSD: Bulls continue to dominate?Hello, my wonderful friends of Karina! It's great to see you all again for today's exchange and conversation session! Currently, in terms of trends, Yat Siu, the founder of Animoca Brands, has stated that the exchange-traded fund (ETF) will drive up the price of Bitcoin. The BTCUSD market is currently divided into two factions, sellers and buyers, and they are still fiercely battling it out, but it seems that the buyers have a slight advantage. Although the price is not increasing as strongly as before, there are still clear signs of stability in the upward movement. Last week was a significant period with macroeconomic developments that were considered highly supportive of the cryptocurrency market. Employment data in the US is weakening, wage growth is slowing down, and the Federal Reserve has made relatively moderate statements. This has helped the market to continue experiencing some bullish movements from altcoins. However, Bitcoin (BTC) remains the decisive factor in the market race in recent weeks. The price of BTC has surpassed the key resistance level of $32,000 and reached a high of $35,800 per BTC, as many people believed. As for me, Karina, I am still in favor of price increases. What about you?
BITSTAMP:BTCUSD
by Karina_Bella
20
What changes in gold price at the beginning of the new week?Hello dear friends, a new week has arrived, wishing you lots of energy! Today: The price of gold is touching the level of 1990-1991 USD at the beginning of Monday and performing well in the upward price channel on the 4-hour chart. Instead of concerns about the Israel-Hamas conflict, the market will now shift focus to the Federal Reserve's interest rate cuts, with the only question being when and how much. The catalyst for the prolonged recovery of gold will be the lower interest rates in the US and a weaker USD, and these factors are taking shape. Difficulties in the bond market and the Fed's hesitation may lead to a significant increase in gold.
OANDA:XAUUSD
by Karina_Bella
35
Overview of BTCUSDT, price increased sharplyDear friends, as anticipated, after the Bitcoin electronic market surged to $28,000 and surpassed the $30,000 mark, it showed signs of consolidation. At the time of writing, it is currently trading at $34,268, breaking free from the flag pattern, which has led to an impressive increase in its value. The price is now testing the descending channel of the flag pattern. The current trend has the potential to push BTCUSDT to a new high of $35,000 and beyond. This is known as a bullish flag pattern. What are your thoughts on this matter? Do you agree with me?
Long
by AlselvSignals
13
Looking at USDJPY this weekDear friends, let's explore today's currency market together! At the start of the new trading week, the USD/JPY pair attracted some buying activity as it seemed to have halted its retreat from the 150.75-150.80 area, which was its highest level since October 2022, touched last week. However, lacking confidence in further gains, it is currently trading around the 149.70-149.75 range, up just under 0.10% for the day, as traders await important central bank meetings before placing new bets. The Bank of Japan (BoJ) is expected to announce its decision on Tuesday amid increasing speculation about potential changes in its yield curve control (YCC) policy. However, the Japanese central bank is unlikely to escape negative interest rate policy. This marks a significant difference compared to other major central banks, including the Federal Reserve, along with positive risk sentiment, which is seen as weakening the safe-haven Japanese Yen (JPY) and turning out to be a favorable factor for the USD/JPY pair. At the time of writing, the price is trading at 149.63 with an expected increase to 151.00. This upward trend will continue until there is any breakthrough outside of the price channel. What are your thoughts? Do you agree with me?
by AlselvSignals
3
Gold retreated from 2005 USDDear friends, as predicted earlier, Gold has been facing difficulties in reaching the $2000 mark. The upward momentum of Gold has been hindered by various factors, including the loose monetary policies of many countries around the world. From the 1-hour chart, we can see that after breaking out of the uptrend channel and the descending pennant pattern, the price of Gold has dropped significantly. At the time of writing, the price is trading at $1978, but there is no strong motivation for it to rise again. My viewpoint is that it will continue to decline with an expected target of $1964. If this level is broken, the selling pressure may drive it towards a lower support level at $1953. This downward trend will persist until there is any catalyst for the price to increase again. Do you agree with my analysis? What is your perspective?
OANDA:XAUUSD
by AlselvSignals
6