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Prediction for Next week EUR/USDThe upcoming week could see the Euro (EUR) on the back foot against a basket of major currencies. Various economic, geopolitical, and technical factors are all aligning to signal a bearish trajectory for the common currency. Here are the primary reasons underpinning this sentiment: Economic Data Disappointments: Recent economic data releases from the Eurozone have consistently missed expectations. Key indicators such as manufacturing PMI, retail sales, and unemployment rates have shown signs of a slowdown in the bloc's economic momentum. If this trend continues, it will likely weigh down on the Euro. Monetary Policy Divergence: The European Central Bank (ECB) has remained dovish in its monetary policy approach, contrasting with other major central banks that are hinting at tightening. The continued accommodative stance from the ECB may hinder the Euro's appreciation potential. Geopolitical Tensions: Ongoing geopolitical uncertainties in the region, be it disputes within member states or external pressures, can influence investor sentiment. The risk-off mood might push investors towards traditionally safer currencies, causing the Euro to dip. Technical Analysis: From a chartist's viewpoint, the Euro has been making lower highs and lower lows – a classic technical indication of a bearish trend. Key support levels have been breached, and the moving averages might be signaling more downside. USD Strength: The US Dollar (USD), often considered a safe-haven currency, has been rallying due to favorable economic data and a hawkish Federal Reserve. A stronger Dollar often inversely impacts the Euro. Risk of a COVID-19 Resurgence: The possibility of a fresh wave of the COVID-19 pandemic, driven by new variants, is also a dark cloud on the horizon. A resurgence could dent economic recovery hopes and consequently harm the Euro. Trade Dynamics: Ongoing trade discussions and potential disruptions can impact the Euro. Any negative developments on this front can induce a bearish sentiment for the currency. Investors and traders should be vigilant and monitor incoming data and developments closely. While the overarching sentiment is bearish, it's crucial to remember that markets can be unpredictable, and external factors can rapidly change the trajectory of the Euro.
by mazayafx
1
GBPAUD Short BearishGBPAUD Short Bearish Take 1% of your account The GBPAUD short bearish idea is supported by two key technical indicators: Dow breakdown and bearish divergence. Dow Breakdown: The GBP/AUD currency pair has experienced a breakdown based on the DOW theory, which suggests that price movements in one market can influence price movements in another market. A breakdown in the DOW can potentially impact the GBP/AUD pair, indicating a shift in momentum in favor of the bears. Bearish Divergence: In addition to the Dow breakdown, there is a presence of bearish divergence in the price action. This occurs when the price makes higher highs, but the corresponding indicator (such as RSI or MACD) makes lower highs. It indicates that the buying pressure is weakening, and a bearish reversal might be on the horizon. Combining these two technical signals, traders might consider taking a short position on the GBP/AUD currency pair, anticipating further downward movement in the exchange rate. However, it is essential to perform further analysis and risk management before executing any trades. Traders should also be aware of potential risks, such as unforeseen market events or changes in economic fundamentals that could impact the currency pair's direction. As with any trading idea, it is crucial to consider your own trading strategy and risk tolerance before making any decisions.
Short
by MAAwan
Short Bitcoin on Weekly ChartI still cling to the analysis carried out 15 days ago, we are $1k below the price at that time, nothing has changed in terms of Elliot waves, the fractals remain unchanged and the probability drops to levels of 38% to 50% Fibonacci forecast is still in effect. Here I cannot add the candle in monthly terms, but if you can search for it, you will see that it is negative and has diminished the gains from the previous month's rise. On a weekly basis, it gives us better detail of what it wants to do, since on a daily basis it has remained in a large lateral range. If we look at the stochastic indicator, we see that the area above 80% has been touched 3 consecutive times, which means an overbought , thus generating a bearish divergence together with the value of the price, follow the projection but always operate cautiously because any fundamental can drastically alter the price.
BITSTAMP:BTCUSDShort
by richycalde
GBPDKK Sideways Trading Strategy! 📈 GBPDKK Sideways Trading Strategy! 📉 Hello traders! 📊 Today, I'd like to present a compelling trading opportunity in the GBPDKK currency pair. The 1-hour chart indicates a sideways market, with no clear bearish or bullish trend. To make the most of this situation, I have devised two trade plans using buy stop and sell stop orders, targeting potential support and resistance levels. 📉 Trade Plan 1 - Sell Stop 📉 🎯 Entry: Below S2 at 8.6742 🛡️ Stop Loss: Above S1 at 8.6852 🎯 Take Profit: 1:1 at 8.6632 In this plan, we are looking to capitalize on potential downside movement from the current sideways range. The entry point below S2 suggests a bearish continuation, while the stop loss above S1 provides a safety net in case of a reversal. The take profit is set at 1:1, aiming for a reasonable target within the range. 📈 Trade Plan 2 - Buy Stop 📈 🎯 Entry: Above R2 at 8.7212 🛡️ Stop Loss: Below R1 at 8.7161 🎯 Take Profit: 1:1 at 8.7263 In this plan, we are seeking to profit from potential upward movement. The entry above R2 implies a bullish breakout, while the stop loss below R1 mitigates risk if the price retraces. The take profit is set at 1:1, providing a balanced reward-to-risk ratio. It's important to note that trading in a sideways market carries inherent risks, and caution should be exercised. As always, I advise using appropriate risk management techniques and not risking more than you can afford to lose. Good luck! 🍀 Happy trading! 📈💹 #GBPDKK #Forex #TradingStrategy #TechnicalAnalysis #SidewaysMarket
by T-Q
Technical Analysis: #EURNOK Sideways Trading Strategy!📈 Technical Analysis: #EURNOK Sideways Trading Strategy! 📉 Hey traders! 🌟 Today, I present to you a fascinating opportunity in the EUR/NOK forex currency pair. The 1-hour chart suggests that the pair is currently moving sideways, lacking a clear bullish or bearish trend. But fear not, as we can capitalize on this situation by employing two smart trade plans with buy and sell stop orders, targeting key support and resistance levels. Let's dive into the details: Trade Plan 1: #SellStop 🛒 🎯 Entry (Below S2): 11.10542 🛑 SL (Above S1): 11.0691 🎯 TP (1:1): 11.0691 Trade Plan 2: #BuyStop 🛒 🎯 Entry (At R2): 11.24950 🛑 SL (Below R1): 11.20195 🎯 TP (1:1): 11.2970 The logic behind these trades is simple. For Trade Plan 1, we expect the pair to break below the S2 support level, triggering a potential bearish movement. The Stop Loss (SL) is set above S1 to manage risk, and the Take Profit (TP) level is placed at the same distance as the SL, aiming for a 1:1 risk-reward ratio. On the other hand, for Trade Plan 2, we anticipate a bullish move if the pair breaches the R2 resistance level. The SL is placed below R1 to protect our investment, and the TP is set at the same distance as the SL, ensuring a 1:1 risk-reward ratio. ⚠️ Investment Advice: Remember, trading involves risk, and it's crucial to manage your positions carefully. Always use appropriate risk management techniques, such as position sizing and setting stop-loss levels, to safeguard your capital. Consider using these trade plans as a part of a diversified trading strategy and avoid risking more than you can afford to lose. Trade with discipline and patience, and never let emotions dictate your decisions. Stay updated with the market developments and adjust your trades accordingly. Good luck on your trading journey! 🍀💹 (Note: This analysis is for educational purposes only and not financial advice. Make sure to do your own research before making any investment decisions.) #Forex #TradingOpportunity #SidewaysMarket #TechnicalAnalysis #RiskManagement #TradingStrategies
by T-Q
2
Uranium: Ready for the drop💣The price of uranium has moved significantly higher over the past few days, approaching the expected high of the turquoise wave 2. As a result, we expect the price to begin a longer-term downtrend in the not too distant future This is necessary in order to form the superior green wave (C), the end of which we see likely just above the support at $12.17. The focus now is to ensure that the price does indeed form a top and does not continue to rise. There is a 39% probability that the alternative scenario will materialise and the bullish trend will continue if support at $17.96 is breached.
TSX:U.UNShort
by MarketIntel
1
Minefield ⛏️💥The VanEck Junior Gold Miners ETF (ticker: GDXJ) has entered a certain minefield here. Our short-trade target zone has already been dealt with and the corresponding high of the turquoise wave (ii) was placed accordingly within said zone. We are now anticipating further impulsive sell-action in accordance with the general bearish trend. If the bulls want to start another comeback though, they should’nt be able to increase the price beyond our still active second sell zone (between $39.33 and $41.67).
AMEX:GDXJShort
by MarketIntel
EUR/USD Prediction on 25.07.2023In recent times, we've observed an intriguing shift in the EUR/USD pair. The once buoyant euro has shown signs of succumbing to the growing power of the U.S. dollar, with the pair entering a stark downward trajectory. This depreciating trend is the product of a fascinating confluence of economic, political, and monetary factors. It's important to bear in mind that currency markets are highly sensitive to such variables, making the current situation a compelling case to delve into. Among the key drivers behind this trend is the disparate monetary policy stances taken by the European Central Bank (ECB) and the U.S. Federal Reserve. In contrast to the ECB's continued dovish stance, characterized by low interest rates to stimulate the economy, the Fed has initiated a series of monetary tightening actions, including interest rate hikes and balance sheet reduction. This has made the U.S. dollar an attractive investment opportunity, thereby applying downward pressure to the EUR/USD exchange rate. Furthermore, the differential in economic recovery speed following the COVID-19 pandemic has further widened the gap. The U.S. economy has demonstrated remarkable resilience, bouncing back at a faster pace than its European counterpart. This has further fueled the dollar's appreciation against the euro. Political uncertainties also play a role. The European Union has grappled with several internal issues, including disputes over fiscal policy, election uncertainties, and lingering Brexit-related tensions. These have collectively cast a shadow over the euro's stability, contributing to the depreciation of the EUR/USD pair. Speculators, noticing these dynamics, are increasingly betting on a sustained downturn in the EUR/USD pair. This speculative pressure can exacerbate the currency pair's movements, potentially leading to a self-fulfilling prophecy of sorts. However, it's important to note that markets are inherently unpredictable, and unexpected events can quickly reverse trends. In the context of this downward spiral, it's prudent for investors and traders to closely monitor global macroeconomic indicators, central bank policy changes, and geopolitical events. Understanding these factors not only explains the EUR/USD's current trajectory but also equips market participants with the insights to navigate future changes in this volatile but fascinating market. Trading on Binary Option po7.cash
Short
by mazayafx
Short Trade in HIMSThis is a potential short trade that could deliver a nice gain if the market pulls back. I am still focused on buying opportunities, but it never hurts to be prepared for the other side. Some of you may remember this as a stock I was looking to buy a couple months ago. Often times, the best short ideas come from stocks on my long watchlist that fail. HIMS tripled from October to April but began rolling over after a poor earnings report at the beginning of May. Not only did the stock fall on above-average volume, but even a 33% discount has failed to attract buyers. When stocks pull back, they either act as tennis balls (bounce back quickly) or eggs (splat and fail to rally). Buy tennis balls. Sell eggs. HIMS has formed a support shelf near the $8 level. A move below that would trigger a lot of stops, making it an ideal place to sell the stock short.
NYSE:HIMSShort
by rossgivens
2
EUR/USD Prediction on 20.7.2023The Euro is currently experiencing a downward trend, with its value on the decline in the global markets. With significant macroeconomic factors influencing this shift, the European currency faces a period of uncertainty. This depreciation is a reflection of several ongoing global events and domestic policies, warranting close monitoring for those with an interest in currency markets. The upcoming period will be critical in observing whether the downward trend persists, or if the Euro can stabilize and recover its strength.
Short
by mazayafx
Short opportunity in Nasdaq QQQYou can see the top and bottoms curves, top curve is peaking and bottom curve is flattening. Risk is low to the upside with daily stop losses following the curve. Conservative 3.5% to the downside in next 15 days. We also see double divergences in top and bottom trends on the Relative Trend Index, RTI could give third peak in next 8 days to confirm. Below 363 we have an acceleration to the downside of 5-7% additional, for a total downside of 7-10% in next 3-4 weeks. I have a short position in QQQ currently.
NASDAQ:QQQShort
by dilille010