GBP/USD broke a three-day losing streak that took the pair to 1.2600 last week, recovering just over half a percent on Monday to return to the 1.2700 range. UK services PMI results for December hit an 11-month low. On Tuesday, UK traders will focus on wage and labor data. Quarterly average wages are expected to rise to 5% year-on-year. Markets await the Federal Reserve's rate decision on Wednesday. Traders will be closely watching the Fed's updated summary of economic projections (SEP) and interest rate forecasts from policymakers. U.S. PMI data for December was mixed, with the services PMI hitting multi-year highs and the manufacturing PMI falling below 50.0, indicating contraction. Retail sales data will be released on Tuesday, but may attract limited market attention ahead of the Fed's final rate decision this year. On Wednesday, traders will keep an eye on fresh UK Consumer Price Index (CPI) data, while the rest of the market will await the Bank of England's (BoE) latest rate decision scheduled for Thursday. The Bank of England is expected to leave the interest rate unchanged. Trading recommendation: Watching the level of 1.2700, trading mainly with Buy orders
BINANCE:XRPUSD after a strong rally forms consolidation in the format of a flag. According to technical aspects it is a prerequisite for continuation of the main movement. The price is testing the resistance of the figure... https://www.tradingview.com/x/HaFNdSxY/ There is not much left to the key point - ATH. After a strong bullish growth the coin has been consolidating for two weeks, in general, on the background of a strong bull market this may be enough. Now we should wait until the price leaves the channel and the bulls keep the defense above the key zones, for example 2.658. In general, the potential of the project is quite positive, a lot of problems have been solved recently, which put enormous pressure on Ripple. Resistance levels: 2.6585, 2.8724, 3.063 Support levels: 2.473, 2.20 The coin is accumulating pre-breakout potential in the upper part of the local channel, which generally indicates which way the price is going to go. Breaking through resistance and consolidation of the price above 2.6585 will be a good confirmation of readiness for growth. Regards R. Linda!
Go XRP Go As shown before. We need to break here to go for greater hights
The risk-to-reward is there Short NVDA / Long SPY The trade is simple...It's invalidated at some point higher than the double top AND higher than all the liquidity created by stop-losses. Target the large gap but manage the trade along the way. Keep the stops WIDE. There will be PLENTY of people trying to Buy-the-Dip and hoping to re-create the massive run up.
2024 year-end santa rally over next 2 weeks should push MSFT above ATH of $470 to hit the weekly RSI top of $485 by 12/31. I may be slightly off on timing, but the price target is very valid. The fundamental thesis around MSFT is that it should continue making new all time highs as it starts to reap the benefits of its investment in AI software. AI software will be the next phase of growth stemming from the hundreds of billions spent on AI hardware.
Fixation after containment of sales. ?Purpose: 2.9897 ‼️Risk per trade: 0.5% of the allocated funds for spot trading. Thank you for subscribing and responding?.
Gold (XAU/USD) is falling towards a potential breakout level where the strong bearish momentum could drive it lower. Sell entry is at 2,646.55 which is a potential breakout level. Stop loss is at 2,670.00 which is a level that sits above the 23.6% Fibonacci retracement level and an overlap resistance. Take profit is at 2,617.47 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Oversold on the weekly chart and sp approaching MA200 (Red line) support. Give or take, IMHO 477-492 a fair price to nibble some.
The price perfectly fulfilled my last idea. It hit the target. FX:AUDCAD is currently moving sideways, indicating a choppy market. On the weekly timeframe, the last candle is a large doji, which signifies indecision in the market. Currently, the price is pulling back towards the resistance zone at 0.91000, following a bearish impulse leg. I think there is a likelihood that the price will bounce off both the psychological level and the upward trendline. It’s possible that the market might briefly push above the range zone to take liquidity before moving lower to retest the bottom of the range. My goal is support zone around 0.90100 https://www.tradingview.com/chart/AUDCAD/wxsOnygC-Lingrid-AUDCAD-trend-CONTINUATION-trade/ Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
Nifty Elliot wave analysis- Nifty is expected to continue in downward direction.