? Welcome to TradeCityPro Channel! Let’s move beyond crypto and analyze the popular EUR/JPY currency pair from both fundamental and technical perspectives, preparing for potential triggers in the days ahead. ? Fundamental Overview Monetary Policy: The ECB’s hawkish stance strengthens the Euro, while the BoJ’s dovish policies weaken the Yen. Economic Data: Eurozone GDP and inflation drive the Euro, while Japan's industrial performance and exports influence the Yen. Risk Sentiment: The Yen gains during risk-off scenarios as a safe haven, while the Euro thrives on Eurozone stability. Geopolitical Events: The Euro reacts to EU political shifts, while the Yen benefits from global tensions, such as those in the Middle East. Yield Differentials: Higher bond yields in the Eurozone compared to Japan attract capital flows to the Euro. Current dynamics show the Euro is stronger, but shifts in risk sentiment or changes in BoJ policy could favor the Yen. ? 4-Hour Time Frame On the 4-hour timeframe, we’ve seen price rejection from the 166.63 resistance level, followed by a downward move. After breaking the descending trendline, the price retraced to the 50% Fibonacci level, creating potential setups: ? Long Position Trigger After breaking the 159.849 level and Fibonacci resistance, a long entry is viable, targeting 162.104. An RSI breakout into overbought territory could add momentum. ? Short Position Trigger If rejected at resistance and breaking below 159.331, a short position is possible, targeting 157.80 or the significant support at 155.119. Stay alert for confirmations to act on these scenarios. ? Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
The EUR/USD is trading near a fresh monthly low around 1.0480. The European Central Bank delivered a widely expected 25-basis-point rate cut earlier in the day and downgraded its growth outlook, signaling weaker-than-anticipated economic performance. Policymakers hinted at additional easing, with a 25-basis-point cut projected for each of the next two meetings. Markets are now pricing in another 25-bps reduction in January, though expectations for a more aggressive 50 bps cut in March or earlier are being pared back. The pair briefly touched a low of 1.0463, and technical indicators suggest further downside risks. Short-term momentum might point to more downside, with traders eyeing the 1.0450 support level and potentially testing the two-year low of 1.0330. Attention now turns to the Federal Reserve’s decision this coming Wednesday.
Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect price to continue the retracement to fill that huge imbalance and then to reject from bullish OB + institutional big figure 1.79000. Like, comment and subscribe to be in touch with my content!
This is indeed a 'keep it simple' analysis consisting of 4 charts, each displaying a Bitcoin Cycle since 2012. There is no need to overcomplicate things, the charts are pretty much self explanatory. According to all 3 prior Cycles, BTC is on a rally supported by the 1week MA50, that is just over halfway completed. It will not peak anytime soon and may very well be above $200k, even as high as $300k if the extremely optimistic scenario prevails. Previous chart: https://www.tradingview.com/chart/BTCUSD/AzXELcM4-BTCUSD-1hour-bullish-breakout-and-MA50-rebound-target-72000/ Follow us, like the idea and leave a comment below!!
daily, Wedge breakout + trendline break + retest Higher high + higher low Long 1.04 no Stop Target 3.0, 7.0 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Hello traders here is GBPUSD analysis lets check and share your ideas about it . GBPUSD looking bullish from this area according my personal analysis lets see my chart and comment your thoughts below. Follow me for regular updates about the market support me with your like and comments boost my ideas
Description: This trading idea highlights ARB, the native cryptocurrency of the Arbitrum ecosystem, a leading Layer 2 scaling solution for Ethereum. Arbitrum is designed to enhance Ethereum's scalability and efficiency by reducing transaction costs and increasing throughput, making it a cornerstone of decentralized application (dApp) development. ARB plays a vital role in the ecosystem, enabling governance, incentivizing validators, and fostering innovation within the network. As the demand for scalable and efficient blockchain solutions continues to rise, ARB is positioned to capitalize on Ethereum's growth and the broader adoption of Layer 2 technologies. It is important to remember that cryptocurrency investments are inherently volatile and subject to external factors such as market sentiment, regulatory updates, and technological changes. As a result, investing in ARB requires careful consideration and a well-structured risk management strategy. Disclaimer: This trading idea is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies like ARB carries significant risks, including the potential for complete loss of capital. Conduct thorough research, evaluate your financial situation, and consult a professional financial advisor before making any investment decisions. Past performance is not indicative of future results.
Your life can be simplified a-hundred fold just by defining resistance and support. You can look at a chart and say, "Oh boy, it is impossible to predict, anything goes!" Or you can look at a chart and say, this is the resistance and this is support. ➢ Above $170 Solana is long-term bullish. ➢ Above $210 Solana is hyper-bullish. If it moves below these levels, we can say the bullish structure weakens, it has been compromised and prices can move lower. As SOLUSDT (Solana) trades above $210, we are hyper-bullish and we can expect more, long-term growth. That's how easy charting can be when you define resistance and support. ➖ SOLUSDT (Solana) Technical Analysis After hitting a new All-Time High SOLUSDT went into a retrace. This happened this same week. This same week is the third week of bearish action. Support was found this week on a wick right above $210. The current candle (week) produced a lower wick and is now back up. We have a drop bigger than 22% and the 0.382 Fib. retracement being tested, standard and valid for a retrace on a bullish wave. This is big enough, long-enough; after the retrace is over what follows is the resumption of the bullish wave. The levels defined on the chart can also work as signals. Look at the structure and how perfectly balanced everything looks. The main support is blue. The March 2024 high is also $210. So this level being tested and holding gives further strength to the bullish case —the resumption of the bullish trend. The rest of the market is growing. Many of the big projects are moving forward. Solana can do the same. There can be some consolidation because this pair is already strong enough. Consolidation can be counted as the three weeks when prices stopped growing and maybe 1 or 2 more before the next impulse, this is random and only insiders know. The chart is bullish and says up. It is bullish because support was found at the last high which matches the Fib. extension numbers and moving averages as well. As long as SOLUSDT trades above $210, we are hyper-bullish, this has already been said. Do you agree? If yes, what about the next target? How far up can Crypto go? Where is Solana going in the next month, next week, next year? Long-term growth! The next major resistance level is $400. This is the Fibonacci golden ratio as well as a psychological level because it is a rounded number. Four is also related to stability, the base. It is the number most used for building structures; four corners... But this is not the end. If retraces and corrections are really small it means people are not ready to fold. If people are not selling it means the market is strong. If the market is strong it means there is room for growth. Strong growth must go beyond anything standard. $400 is standard. $400 is strong but it is not extra-ordinary, we want more. The next target is $500 after $400 and this is followed by $640, rounded up. Here we have to stop... This is a main resistance level but, Solana is growing with many great projects, it is doing great just like Bitcoin and the rest of the Altcoins. It is one of the strongest pairs and we are still in 2024. If dynamics are so good and sentiment is so great right now, let's go beyond $1,000 in 2025. What do you think? The chart says $638 with a maximum of $870 for a standard bull-market, but there is nothing standard with everything that has been going on in the global stage. There is nothing standard about money evolving, and there is nothing standard about Bitcoin trading above 100K. All this is extra-ordinary. Solana above $1,000 is extra-ordainary and that's exactly what we expect. We want it higher. It can go higher and higher it will go... How do you think the price of Solana will be affected when the Spot ETFs go live all across the world? Hope for the best, prepare for the best and we will have the best possible outcome in the years to come. Cryptocurrency is a new form of money. Cryptocurrency is innovation, technology, freedom and privacy all-in-one. It is the perfect technology for a societies like ours. See you at the top. While many pairs are already moving, this is not the end. The bull-market will last an entire year starting November 2024, we have a little more than 10 months left. Wake up, stand up, look up and be strong. The best is yet to come. This is not financial advice. I am just sharing my heart, my feelings, my views, my experience and my Soul. Thanks a lot for your continued support. Namaste.
Gold stößt bei Marktspekulationen auf starken Widerstand Heute stieß Gold nahe der Spitze der Struktur bei 2726 auf starken Widerstand. Nach der Veröffentlichung der US-CPI- und PPI-Daten konnte der Preis nicht weiter steigen. Der Markt begann über eine mögliche Zinssenkung durch das FOMC zu spekulieren und diskutierte, ob diese 25 oder 50 Basispunkte betragen würde. Die rückläufige Welle glich jedoch innerhalb weniger Stunden fast -1,9 % aus, was für Gold an einem einzigen Tag eine erhebliche Bewegung darstellt. Angesichts des anhaltenden Konflikts im Nahen Osten sollten Zinsspekulationen als normal angesehen werden, und der Preis wird wahrscheinlich aus der aktuellen Zone wieder steigen. Weitere Einzelheiten finden Sie im Diagramm! Vielen Dank und viel Glück!
Balatro is about to have a big day, as the hugely popular roguelike card game is nominated in five different categories at tonight’s Game Awards. But that’s not all, as developer LocalThunk has announced a new collaboration update that brings cards based on eight different games to the fold. Not a bad reason to boot…Read more...