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EUR/USD: Hot Spot at 1.0594, Opportunity or Challenge?Looking at the 4-hour chart of the EUR/USD pair, I see a few key points that indicate the potential for the trend to develop in the near future. The pair has recently shown a fairly clear recovery from the lows, with the price currently trading near the important resistance level of 1.0594. This level has acted as resistance in the past and could now test the ability of traders again. From a technical perspective, the price approaching this level could lead to two main scenarios: If EUR/USD can break above 1.0594, we could see the rally continue to higher levels, possibly reaching 1.0650 or higher.
by Maria_aaa
Gold Stabilizes Amid Policy and Inflation WaitLooking at the 4-hour chart of gold, we can see a sideways trend in recent trading sessions, especially during the Thanksgiving holiday when the market lacked strong transactions. The stability of gold prices at $2,636/ounce reflects investors' waiting for new signals from the market and policymakers. The highlight of the chart is the current support and resistance levels. Gold is trading below both the 34 and 89 EMAs, indicating downward pressure, although not too strong. The recent crossover of these two EMAs suggests some price instability, but not enough to determine a clear trend. In the current context, there are a number of macro factors affecting gold prices that investors should pay attention to. First, expectations of a Fed rate cut in 2025 based on PCE data showing slowing inflation could weaken the USD and support gold as a safe-haven asset. Second, concerns about new tax policies from the Trump administration could create uncertainty in financial markets, making gold more attractive as a safe-haven option. Personally, I think gold is likely to remain stable or slightly increase in price in the short term, reflecting its role as a hedge against risk in the current environment.
OANDA:XAUUSD
by Maria_aaa
PCR TradingThe Put Call Ratio (PCR) is a tool in the stock market to understand how investors feel about a stock or the market's future. It compares the number of put options to call options traded. More puts traded mean investors expect prices to fall (bearish). More calls traded mean investors expect prices to rise (bullish). A PCR above 1 indicates that the put volume has exceeded the call volume. It indicates an increase in the bearish sentiment. A PCR below 1 indicates that the call volume exceeds the put volume. It signifies a bullish market ahead.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
#banknifty short to medium term analysisWave Structure and Labelling The chart uses the Elliott Wave theory, which segments market movements into impulse waves (trending) and corrective waves (retracing). Wave Labels: Primary wave labels like (A), (B), and (C) represent a corrective wave structure. Subwaves labeled i, ii, iii, iv, and v represent smaller impulsive moves within the corrective waves. 2. Flat Correction Pattern The analysis highlights an Irregular Flat Correction: Wave (A) ends at 49,654.65. Wave (B) moves above the start of Wave (A), creating an irregular flat structure, peaking at 54,467.35. Wave (C) is expected to drop below Wave (A)'s end, often aligning with Fibonacci extensions. 3. Fibonacci Levels Wave 2 Retracement: The blue shaded area marks common retracement levels for Wave 2: 50% (0.5), 61.8% (0.618), 76.4% (0.764), and 85.4% (0.854). Wave (C) Projections: Red and blue lines represent Fibonacci extensions: 1.236 extension at 48,518.85. 1.618 extension at 46,680.40. These levels predict potential targets for Wave (C). 4. Invalidation Zone A dashed line at 54,467.35 is marked as the invalid point. The current Elliott Wave count may be invalidated if the price moves above this level. 5. Support and Resistance Zones Orange Zone: Acts as a support level near 49,654.65, where Wave (A) concluded. This zone may be tested again as Wave (C) progresses downward. 6. Wave Expectations The chart suggests the following progression: Wave iii of (C) has reached a temporary low, and Wave iv is retracing upward. Wave v of (C) is expected to lower the price, likely to the Fibonacci target at 1.618 (46,680.40). 7. Key Observations Trend Direction: The current trend appears corrective, with a downward bias (as Wave (C) unfolds). Critical Levels: Resistance: 54,467.35 (invalidation). Support: 49,654.65 (end of Wave (A)). Targets: Wave (C) likely targets Fibonacci levels between 48,518.85 and 46,680.40.
NSE:BANKNIFTY
by subhagghosh
2
Gold DowntrendBased on the 1-hour chart of gold trading against the USD, I see a few key points for investors to pay attention to. After a strong rally, gold has seen a significant drop, with the price breaking below both the 34 EMA and 89 EMA, suggesting that a short-term downtrend may be forming. From a technical perspective, the crossover between the two EMAs has previously been a sign of a trend change, and the current price holding below these lines suggests that selling pressure may continue. This rapid decline could be the result of investors taking profits after the price reached new highs.
OANDA:XAUUSD
by Maria_aaa
Option and Database TradingThe 80% Rule is a Market Profile concept and strategy. If the market opens (or moves outside of the value area ) and then moves back into the value area for two consecutive 30-min-bars, then the 80% rule states that there is a high probability of completely filling the value area. The defining feature of day trading is that traders do not hold positions overnight; instead, they seek to profit from short-term price movements occurring during the trading session.It can be considered one of the most profitable trading methods available to investors.
NSE:BANKNIFTYEducation
by SkyTradingZone
Technical analysisThe MACD indicator (or oscillator) is one of the best indicators for identifying trends and reversals in the financial markets. The MACD strategy in its most basic form involves using the crossing of the smoothed out signal line over the MACD line as your entry or exit point for a trade. The best MACD setting for day trading often uses a faster configuration, such as 3-10-16, to capture quick price movements. While the default 12-26-9 is popular, shorter settings can improve sensitivity to intraday trends. Optimal settings vary by strategy and asset volatility.
NSE:HDFCBANKEducation
by SkyTradingZone
MACD TradingMoving average convergence/divergence (MACD) is a technical indicator to help investors identify entry points for buying or selling. The MACD line is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. The signal line is a nine-period EMA of the MACD line. A common strategy is to buy when the MACD line crosses above the signal line, as this indicates bullish momentum. Another strategy is to sell when it crosses below (which indicates bearish momentum).
NSE:BANKNIFTYEducation
by SkyTradingZone
#Fantom Accumulation Zone Revealed: Why I’m Expecting 12x Return#Fantom Accumulation Zone Revealed: Why I’m Expecting 12x Returns 🔥 FTM/USDT Bullish Chart Analysis: Accumulation Zone & Targets #FTM Bullish Analysis 🔹 UPCOM:FTM has been on an uptrend for the past 7-10 days, currently up 60% in the last 10 days. 🔹 I’m waiting for a dip to buy in my accumulation zone, which is the green box between $0.78 - $0.60. ▪️ Targets: $2/$3.3/$5/$6/$10 ▪️ Stop Loss: $0.53 I’m expecting 12x gains from my accumulation zone. I'm super bullish on FTM/USDT in this bull run. 📢 Reminder: ▪️ Don’t go all-in on a single coin. Diversify your investments. ▪️ This is not financial advice. Always DYOR before investing in any cryptocurrency! What’s your take on FTM? Let’s discuss! 👇
FLong
by CryptoPatel
GBP/USD Strong Bearish TrendWith the price moving below both the Bollinger Bands and the SMA. The expansion of the Bollinger Bands indicates that volatility is increasing, a typical sign in a deep downtrend. The pair has been in a downtrend since October, with new lows being set continuously. The closest support level we can observe is around 1.25730, which the price has recently touched. A break of this level could lead to a further decline, while a positive reaction here could provide an opportunity for a short-term technical recovery. In the current market environment, based on what I see from the charts and my understanding of the economic factors affecting GBP/USD, my personal view is that the downtrend of the pair is likely to continue. The increased volatility and the price continuously setting new lows are clear signs that selling pressure is taking over. I expect that any price recovery will likely be quickly sold off in the current downtrend. Upcoming economic events and policy statements from Central Banks may provide additional data to assess the pair's outlook in more detail, and I will continue to monitor closely and adjust my trading strategy accordingly.
by Maria_aaa
Sideways Trading Amid Lack of TrendOn the 1-hour chart of EUR/USD, the price is trading between the 34 and 89 EMAs, indicating a sideways market in the short term. The lack of a strong uptrend or downtrend suggests that investors may be waiting for more data or news that could impact the euro or dollar. From my technical analysis perspective, the market looks like it will continue to trade in the current range until there is more economic data or important political events to establish a clearer trend.
by Maria_aaa
Gold Fluctuates: Geopolitical and Inflation ImpactThe 4-hour gold chart clearly shows the volatility caused by geopolitical and economic events. Gold prices have recovered from lows due to inflation concerns from the new US tax policy, indicating that safe-haven demand for gold remains strong. Currently, the key support level is at $2,603/oz, with resistance at $2,634/oz. Any break of these two levels will indicate the next direction for gold prices. Market Comment: Based on technical analysis and current situation, I expect gold prices to increase in the short term. Inflation concerns from the new US tax measures could weaken the USD, supporting gold prices. If prices hold above $2,603/oz and continue to react positively, I expect a further rally, possibly reaching or exceeding $2,634/oz.
OANDA:XAUUSD
by Maria_aaa
Possible Test of Major SupportThe EUR/USD chart shows a clear bearish trend, with the price moving within a steady downtrend channel, being pushed down after each approach to the upper line of the channel. Recently, it seems that the price has tested the resistance level in the resistance area but failed and was rejected strongly, which shows the strength of the selling pressure in this price area. From the current price position, the next important support point is located at around 1.03500. If the price continues to decline and breaks this support level, it could lead to a deeper decline. Overall, the current trend for EUR/USD is negative, and traders should be wary of the possibility of further declines. Keeping a close eye on the support and resistance levels will help determine the appropriate times to enter or exit the market.
by Maria_aaa
Gold at Resistance : A sell opportunity ?Yesterday, gold traded higher and closed the day in the positive territory . Today, Gold price climbs extending its gains for the fourth straight day. On the Intra day chart, Gold is now trading above weekly Resistance 1 (2653). Technically price is at resistance area and trading near to Fib golden zone , this area is perfect reversal zone but the geopolitical evens (War) currently pushing the price higher , for sell we need good confirmation from these resistance area. Today Initial Jobless Claims are expected to rise from 217K to 220K for the week ending November 16 and that can add volatility so we have to watch the reaction accordingly. Selling seems to be more favourable now for Intra day and for buy we have to look for lower levels but selling need to be assessed with good money management as gold is currently getting safe-haven demand for buyers.
OANDA:XAUUSDShort
by TheGoldenCircle
New Gold Mine in China: Aftershocks in the Gold MarketWhen analyzing the daily gold chart, I noticed that a long-term uptrend has been reversed with a clear break below the rising channel line. This tells me that the market may be preparing for a new bearish phase. This decline occurred even as there was news from the US and other major economies on inflation and monetary policy, which would normally have a strong impact on gold prices. In addition, China's discovery of a gold mine with estimated reserves of over 1,000 tonnes in Hunan province is not only a geological event but could also be a major mover in the global gold market. With gold prices failing to hold the 34 EMA and falling further, the next support area I see is around $2,520 to $2,560/ounce. This will be a key point to see if gold will continue its downtrend.
OANDA:XAUUSD
by Maria_aaa