dominance one more leg down imo before we see some relief on it and get pullbacks on btc pairs as mentioned above max bid on alts and hold them for a while likely till May then sell and go away for a while shall update in a bit depending on where we go from here need the market to take back some gains before we resume up only imo
The dollar was little changed against the yen on Friday as investors digested a mixed U.S. jobs report. U.S. nonfarm payrolls rose by 227,000 jobs in November, following a revised increase of 36,000 in October. While the report showed stronger-than-expected job growth, the unemployment rate edged up to 4.2%. Analysts suggest the data supports the view that the U.S. is not heading into a recession, reinforcing expectations for the Federal Reserve's rate-cutting path. Markets are pricing in an 88% chance of a rate cut at the Fed's upcoming meeting.
All Mentioned in Chart Disclosure: For STUDY/ PAPER TRASDING Purpose Only.
It even has not break out the downrTrend next post I'll check the USDT pair.
Oil is expected to fall to the levels of $60. Break below the levels of 60 can trigger the movement towards $53.
1. Ichimoku: • Senko Span A and B: The Kumo cloud indicates that the price is currently in a bullish zone. • Tenkan-sen and Kijun-sen: A positive cross between these lines suggests a potential bullish trend. • Lagging Span: Positioned above the price chart, confirming the upward trend. 2. Levels: • Target 1 (1.92%): The first nearby resistance. If broken, the price may move toward Target 2. • Target 2 and Target 3: The next resistance levels are at 2.10% and 2.13%, respectively. • Gold Target (2.39%): A major resistance level, breaking which would confirm a strong bullish movement. 3. Supports: • The first key support is at 1.87% (aligned with the Ichimoku base line). • A lower support is at 1.75%, where a potential bounce could occur if the price declines. 4. MACD: • The histogram is positive, indicating buying pressure. 5. Conclusion: • Breaking the 1.92% resistance would confirm a bullish trend. • In case of a pullback, the 1.87% support is critical. • Trade volume should be monitored to confirm the strength of the trend.
price above EMA fib level confluence with trend line break target 61.8
?Fundamental Analysis The Japanese Yen (JPY) struggled to capitalize on the previous day’s modest gains and traded in a narrow range against the US currency in early European trading on Friday. Meanwhile, the short-term bias appears to favor JPY bulls as the more dovish Bank of Japan (BoJ) remains on track to raise interest rates. The British Pound rose sharply against major currencies on Friday as Bank of England (BoE) officials signaled persistent price pressure concerns. BoE Governor Andrew Bailey also stressed that the central bank still has work to do to bring inflation below its 2% target. With no major UK economic data in the near term, market speculation that the BoE will make a rate decision at its December 19 monetary policy meeting will boost sterling’s valuation. Traders expect the BoE to keep interest rates unchanged at 4.75%. ?Technical Analysis GBPJPY rebounded strongly after breaking the downtrend channel. 190.300 became an important support zone in the immediate future and the price range was formed with resistance at 192.500, the highest peak of last week that the sellers accepted. That is also an important zone of the EMA 89. Pay attention to this border area of the pair in the immediate future. In the further border area, when there are signs of breaking out of the narrow range, the pair can push the price up to 194.400. Because the main trend of the market is uptrend again. BUY signals will be prioritized next week when there are important breakout signs. Pay attention to the bottom area of 188.300 so that the pair can form a double bottom pattern and increase again. ??Trading Signals BUY GBPJPY 188.400-188.200 Stoploss 188.000 SELL GBPJPY 194.400-194.600 Stoploss 194.800
According to my analysis, On December 09, 2024, the Nifty spot may begin with a Gap up opening and the intraday trend looks bullish till 1.30pm then may likely to take a sideways momentum. The Nifty may close on a bullish note. Technical confirmation is a must and trade with strict Stop-Loss. The information provided here is only for the educational purposes.
Moodeng is going to retest resistance for the 9th time. If it manages to break resistance than it will most probably touch 1 USD mark. If daily candle successfully closes above 0.65900 than Long with Target @ 1$