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EURUSD - Small Recovery Before Another DropThe Euro (EUR) didn't move much on Wednesday, but it's been down lately. European economic data is weak, and some people think the European Central Bank (ECB) might cut interest rates soon. Here are some key things to watch: Germany's industrial production fell more than expected in December . This could be a sign that the European economy is slowing down. The ECB will release its Economic Bulletin on Thursday.  This report could give clues about when the ECB might cut rates. Germany's inflation data is due on Friday.  If inflation is lower than expected, it could strengthen the case for a rate cut. The US Federal Reserve is also considering rate cuts, but they are being cautious. They want to make sure inflation is under control before they start cutting rates. Key points: EUR/USD is weak due to concerns about the European economy. ECB might cut rates soon if inflation falls. US Fed is also considering rate cuts, but they are being cautious. From a technical analysis point of view, combined with upcoming financial news, we believe that Euro will push to the upside to 1.0800 price zone and then reverse down to drop to 1.0650 price zone at a minimum.
Short
by financialflagship
EURUSD | False Bearish Setup - The Bulls are arrivingDuring Monday's American session, the EUR/USD continued its descent, reaching below 1.0800 for the first time since mid-December. Market caution favored the strength of the US dollar, negatively impacting the pair ahead of key events for the week. Despite a modest bounce from a January low at 1.0813, widespread dollar weakness prevented further declines. Daily technical analyses suggest a bearish outlook, with resistance around the 200 Simple Moving Average at 1.0845. The short-term situation is also negative, with the EUR/USD below all moving averages and bearish technical indicators. In this context, the euro is the weakest currency against the dollar at the beginning of the week, with bets on a rate cut in April despite opposition from the ECB. Peter Kazimir suggests a cut is more likely in June, citing positive signs of disinflation. ECB Vice President Luis de Guindos emphasizes inflation progress but reassures that they are not yet ready for a cut. Monday's macroeconomic calendar is sparse, but the week will see significant events, including Eurozone and Germany's GDP, the US Federal Reserve's monetary policy decision, and January Nonfarm Payrolls report. The chart shows a well-defined long position, greetings to all.
Long
by Forex48_TradingAcademy
5
The Walt Disney Analysis: Looking at the 3-Day Timeframe 🐭The Walt Disney Company NYSE:DIS , a subject of much discussion due to its corporate policies, is under our lens today. On the grand scale, specifically the 3-day timeframe, we observed the conclusion of Wave (4) with the onset of the pandemic, followed by the completion of the first cycle at $203. Currently, we seem to be finalizing a significant Wave II - the overarching Wave II in this case. 🔎 A closer look suggests a clear 5-wave structure downwards towards our Wave (A). Considering this, it seems to align with a zigzag pattern. Consequently, we should now expect a 3-wave structure leading to Wave (B). This Wave (B) is anticipated to fall between 61.8% and 78.6%. Given that the 38.2% Fibonacci retracement from Wave 5 to Wave (A) precisely aligns with our subordinate Wave 4, we presume that's where our Wave A will be situated. 📉 Following this, we expect the emergence a Wave C forming a zigzag pattern. This would indicate a significant drop below the $80 level, which has been the level for both Wave (4) and Wave (A) so far.
NYSE:DISLong
by freeguy_by_wmc
GBPJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
Harmonics don't work...Here's how I find my set ups I thought I'd share with you guys the process I use to find my shark setups, this is a strategy I've back-tested and tested several times. I must say textbook harmonic talk poop, the values I use work but the set-up I see written for the shark uses different values. I noted this and thought about it for a minute - then I said so can I break the rules or amend it, because what I see is making sense but following the book is frustrating me lol... I mean it got through to me through multiple accounts including personal and funded accounts - (side note I'm not rich) hopefully this helps to to understand how I spot moves. As long as you journal then you have a chapter to start from and that 1!!!!!
Education
by LifeWithRyFX
Signal № 142 RPLUSDTRLPUSDT discovered solid support at the 78.6% Fibonacci retracement level, marking a precise bounce. The breakout from the wedge pattern signals strong bullish intent. The current pullback could offer an excellent buying opportunity, boasting a promising risk/reward setup. A target at the 261.8% Fibonacci resistance level suggests the potential for a remarkable 75% price increase. This is one of very few Premium Signals, which we share to the general public. Lets see how it will turn out.
Long
by CryptoPAMM
CTSI Possible Long Setup #CTSI BIG Picture - January 21, 2024 CTSI has broken out of a long-term downtrend and is now trading in a new uptrend. The immediate target is $0.2553, and the long-term target is $1.00. The chart shows a number of bullish indicators, including: A rising 200-day moving average A bullish divergence between the price and the MACD indicator A bullish engulfing pattern on the daily chart According to Elliott Wave theory, CTSI could be in the early stages of a five-wave uptrend. If this is the case, we could see another pump to $0.30 or even $0.35 before the wave 3 correction. Here are some key levels to watch: Support: $0.2553, $0.2250, $0.2000 Resistance: $0.2750, $0.3000, $0.3500 Overall, the CTSI chart is bullish. Traders should look for opportunities to buy on dips to $0.2553 or lower. Here are some additional thoughts: The breakout of the downtrend is a significant development. It suggests that the bears have lost control of the market and that the bulls are now in charge. The bullish indicators on the chart are encouraging. They suggest that the uptrend is likely to continue. The Elliott Wave theory is a subjective analysis tool. It is important to remember that there is no guarantee that CTSI will follow the predicted path. for More such Information leave a boost. Thank you!
Long
by ML-Master
Will US2000 find buyers at market?US2000 - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Previous support located at 1924. Preferred trade is to buy on dips. We look to Buy at 1925 (stop at 1905) Our profit targets will be 1975 and 2010 Resistance: 2010 / 2080 / 2110 Support: 1865 / 1820 / 1775 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:US2000USDLong
by OANDA
OGNUSDT View on Projected 150% UpsurgeOGNUSDT exhibits a clear uptrend pattern with consistent higher highs (HHs) and higher lows (HLs). The price maintains respect for the uptrend trendline, with the Demand/Supply zone transitioning into a reliable support area. Our perspective suggests a substantial potential price increase for OGN, positioning it as one of our top coins for investment currently. Not financial advice, but our view indicates the potential for over a 150% surge in the coming months.
Long
by CryptoPAMM
2
US500 to turnaround?SPX500USD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A Doji style candle has been posted from the base. The primary trend remains bullish. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. We look to buy dips. We look to Buy at 4682 (stop at 4660) Our profit targets will be 4737 and 4757 Resistance: 4750 / 4820 / 4920 Support: 4610 / 4500 / 4415 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDLong
by OANDA