Foreign currencies increased sharply at the same timeThe USD decreased in the last trading session
The US Federal Reserve (Fed) may begin cutting interest rates when inflation falls closer to the US Central Bank's 2% target.
However, trading volumes fell after Christmas as some markets remained closed for the holidays. Many traders globally also take a holiday until Tet.
The greenback is on track for its worst performance since 2020 against other currencies, as market expectations of a Fed rate cut have dented the dollar's appeal against peers. other currency.
Many analysts expect the US economy to slow markedly in 2024, but the Fed is also expected to take action to ensure that the gap between the federal funds rate and actual inflation is not too wide. .
If inflation falls much faster than target, the Fed may tighten monetary conditions more than policymakers intended.
Signals
Gold price approaches important resistance levelGold price, after overcoming the resistance zone at $2,050/oz, continued to increase in the trading session after the Christmas holiday to $2,065/oz, thanks to the weakness of the US dollar.
This week, gold prices will likely stabilize around current levels, due to the lack of important economic data. However, if the war situation in the Red Sea continues to escalate, gold prices may continue to increase sharply.
Ethereum Symmetrical Triangle Chart Analysis #Ethereum Symmetrical Triangle Analysis CRYPTOCAP:ETH
#ETH is currently forming a symmetrical triangle, presenting a potential breakout or breakdown scenario.
A successful breakout above the $2340 level indicates a bullish trend till $3000 Target.
But
Conversely, a breakdown below the symmetrical triangle support at $2200 suggests a bearish trend And Traders should be prepared for a potential retest of the $1500 level in this scenario.
- Avoid Blind Trades:
- Trade with confirmed signals.
- Utilize technical analysis for precision.
DYDX/USDT 500% Potential From HereDYDX/USDT Chart Overview
The chart signals a bullish trend with a potential breakout in the green box zone. If you missed it, don't worry – I'm eyeing every significant dip for potential buy opportunities.
On the higher time frames (HTF), there's a promising Bull Flag formation. Things could get super bullish if we witness a breakout above the flag's resistance.
Long Term Target: $20
Entry Zone: $2.30-$2.90
Key Levels:
Resistance Levels: $6.77 / $9.3 / $12.3 / $15.3 / $18.60 / $30
Support Level: $2.30
Here's the strategy:
Target: Long-term resistance equals our ambitious target of $20.
Entry: Looking to Accumulate in the range of $2.30-$2.90.
ARB/USDT 30% Potential in Scalp TradeARB/USDT Trade Analysis
Bullish Trend Alert!
ARB is showing promising signs in the bullish trend, setting the stage for potential gains. If the price manages to hold above the $1.10 level, we could be looking at a lucrative opportunity with a potential profit range of 10-30% within the next few days.
Trade Strategy:
For the best entry, consider buying near the support level of $1.10. This level serves as a crucial point for potential upward momentum.
Key Levels:
Support: $1.10
Resistance: $1.50
#Crypto #Arbitrum
HOOK/USDT 50% Potential after this Bull Flag PatternHOOK/USDT Chart Analysis:
Bull Flag Formation:
HOOK/USDT is currently displaying a Bull Flag pattern, indicating a potential upcoming breakout.
Breakout Potential: Anticipating a breakout soon, with potential gains ranging between 20%-50% from the current level.
Strategic Entry: Consider entering around support levels for optimal risk management and potential profit.
Breakout Confirmation: Have entry and exit points ready. A confirmed breakout could lead to a swift price movement.
SL Exit:- Below Support Level
DASH/USDT 30% Potential on Scalp SetupDASH/USDT Analysis NASDAQ:DASH
Current Status: Price Above Support Trend Line
Hey traders!
DASH/USDT is holding strong above its support trend line, indicating bullish momentum.
I'm still holding my position and considering adding more at the support level.
Target Range: 10%-30%
Time Period: 2-15 Days
Stop Loss: Close below Support TL on 4H Candle.
Let's ride this trend together.
Happy trading!
#DASH #TechnicalAnalysis #CryptoPatel #fomc #altcoins CRYPTOCAP:BTC CRYPTOCAP:ETH
Bitcoin Bearish Pattern So ready for $31500 ?Bitcoin Analysis Update
Current Status: Near Parallel Channel Resistance
Bitcoin is currently hovering near the parallel channel resistance, with a range between $40,500 and $41,000. The recent price action resembles a rising wedge, suggesting a potential bearish move if the $41,000 level faces rejection.
Anticipated Reversal Scenario:
If the price rejects from the $40,500-$41,000 range, we may witness a bearish trend. The initial stop is projected at $37,500, and a second stop at $32,000 could come into play if the channel support at $37,500 is breached.
Key Levels to Watch:
Support Levels: $37,500 / $32,000
Resistance Level: $41,000
Follow us for Real-time crypto updates.
Thank you.
CRV/Curve Dao Swing Long SetupCurve Dao Swing Long Setup
Entry - 0.52-0.56
SL - 5-10% (Concentrated Risk) Do not risk beyond this
Do not pool in your full Portfolio inside this
Entry Reason - This has a decent base building on a daily TF. Overall trend looks bullish and once Btc starts consolidating here you can easily expect this to reach 0.70.
#trading #crypto
EUR/USD Price AnalysisThe EUR/USD pair is currently trading around 1.0970, facing slight losses in the early European session after pulling back from a four-month high of 1.1017. Traders are awaiting inflation data from Italy, France, and the Eurozone, with the Eurozone Harmonized Index of Consumer Prices (HICP) expected to show a 3.9% YoY growth in November.
From a technical standpoint, the EUR/USD maintains a positive outlook, staying above the 50- and 100-hour Exponential Moving Averages (EMA) on the four-hour chart. The Relative Strength Index (RSI) is in bullish territory, suggesting a favorable trend for the pair.
Immediate resistance is observed at 1.1000, marked by the Bollinger Band boundary and a psychological round figure. The next resistance levels are at 1.1017 and 1.1042, followed by a potential rally to 1.1150 if buying momentum persists.
On the downside, a key support level lies at 1.0930, indicated by the lower limit of the Bollinger Band and the 50-hour EMA. Further support is found at 1.0895 (low of November 24), 1.0867 (100-hour EMA), and 1.0825 (low of November 17). Monitoring these levels can provide insights into potential price movements.
Bitcoin Short Trade Idea : Bitcoin is currently trading at 37,072$
: I am Bearish on BTC since 38k got mitigated again
: Look at the trend and try to understand how easily the trend is fading out
: Avoid Shorts or Futures market will deleverage you
: Bitcoin can easily eradicate the longs as of now
: Keep your Spot bags light stay cash or in Fiat
: Accumulation Zones - 34-35,000$ Second - 30,000-32,000$
: STAY CASH #BTC
predict the next trend of XAUXAU has grown in the past three weeks. Experts predict that XAU will continue to grow in the near future. If it surpasses the 2008 threshold, XAU will still grow greatly.
According to the minutes of the two-day (October 31-November 1) monetary policy meeting released on November 21, US Federal Reserve officials acted cautiously and did not intend to raise interest rates. We agreed to do only that. Interest rates if progress in controlling inflation slows.
Minutes of the meeting showed that all participants agreed that the Fed's Federal Open Market Committee (FOMC) may proceed cautiously and that support for rate hikes appears to be receding. .
Inflation is slowing, with consumer prices flat in October compared to the previous month, and although the Fed has not yet declared an end to the fight against inflation, there are discussions to raise interest rates from the current 5.25% to 5.50%. % and how long it should be maintained. maintained. range.
The minutes of the meeting said further monetary tightening would be appropriate if there was information that indicated the FOMC's path to achieving its inflation target was inadequate.
Simple Bank Nifty Analysis!Buyers Showing strength but still facing Resistance at 43700 to 43800. If sustain above 43850 then good move is expected or a gap up opening.
Trendline Support at 43650 to 43680
Key level 43580 keep eyes on it if trade below then may sellers gets active more.
BN made a V shaped recovery from last fall but very slowpace then selling.
Note : Do your own analysis before making any trade or investment.
FOMC and CPI news increased NZD positionFollowing the Canadian CPI report and related FOMC minutes, the Canadian dollar remained unchanged from its base of 1.3700. In case you missed the data, both headline and core inflation are down slightly, potentially leading the Bank of Canada (BoC) to take a more neutral/accommodative stance.
Central bank governor Tiff Macklem is speaking out, and given his recent comments that minimal growth and inflation are now easing, the message of caution may be clear. Currently, the foreign exchange market predicts that interest rates will be cut by a cumulative 80 basis points by December 2024, and that monetary easing will begin around April to June.
PTKT: Given the decline in the Canadian dollar, investors can resort to a “buy NZDCAD” strategy at the current price, stop loss 0.8220 and target 0.8350.
trading strategy after gold surges due to volatilityGold rose higher after the fund bought 13 tons
Gold will likely continue to rise on November 21 but there will be a recovery
Data released last week raised hopes that the Fed could begin easing monetary conditions sooner than expected after the job market slowed and price inflation showed signs of cooling. Lower interest rates put downward pressure on the dollar and bond yields, increasing the appeal of non-interest-bearing bullion.
In the short term, experts say that precious metals have lost momentum and need new fundamental motivation to recover. However, according to Daniel, senior commodity strategist at TD Securities, the impending recession combined with the Fed's interest rate cuts will push gold to new all-time highs in the first half of 2024.
The USD decreased later, but will recover after the Fed raises iData released last week raised hopes that the Fed could begin easing monetary conditions sooner than expected after the job market slowed and price inflation showed signs of cooling. Lower interest rates put downward pressure on the dollar and bond yields, increasing the appeal of non-interest-bearing bullion.
The decline in the DXY index paused last week. Last week, this index sometimes fell to its lowest level and has rebounded from that mark. Although developments over the past week are bringing some positive signs for the USD, in the long term, the greenback's upward momentum is still weak. Therefore, any recovery in the near term will be short-lived and it is likely that the USD can only rise to a certain threshold.
aiRight 20x Potential in Long Term Analysis10x-20x Potential Coin #aiRight
Unleash the Power of AI Oracle for:
- Authenticity
- Copyright Protection
- Fair Royalties on-chain
Create, Trade, and Tokenize Unique Artworks in a Transparent & Trustless NFT Ecosystem!
Current Price: $0.0029
Bull Flag Breakout Confirmed!
Entry Points:
1️⃣ $0.0028-$0.0025
2️⃣ $0.0015-$0.0020
Targets:
- $0.0075
- $0.021
- $0.04
Note:- Invest an amount small enough that you can forget about it for a few years.
Follow us for more GEM Analysis.