Looking at the chart for WCT Holdings Berhad, here's my analysis: Current Price Action: - Trading at RM1.00, down 2.91% - Currently in consolidation after recent breakout - Price above key moving averages indicating bullish trend Elliott Wave Analysis: - Completed waves I through IV - Setting up for wave V move higher - Wave V target projected around RM1.31 Key Technical Levels: 1. Support: - Strong support at RM0.790 (wave IV low) - Secondary support at RM0.875 (previous resistance turned support) - Moving averages providing dynamic support around RM0.95 2. Resistance: - Immediate resistance at RM1.06 (recent high) - Major target at RM1.31 (wave V projection) - Psychological level at RM1.00 Notable Events: - September 2024: MYR-52.818M (-17.93%) - June 2024: MYR-44.786M (-203.75%) - MYR200.374M (-423.57%) significant movement in September Trading Considerations: - Currently testing support at moving averages - Stop loss could be placed below RM0.90 - Risk/reward favorable for wave V target - Volume profile showing potential accumulation
A little break in the trend may turn into a price reversal because there are good resistances ahead, let's see the chart.
Guten Tag, ich bin ein 20 jähriger Investor und hoffe meine Idee gefällt Ihnen. Ich brauche hier langfristig nichts zu analysieren, denn sobald BTC eine strategische Reservewährung der USA oder vielleicht noch anderer Länder wird, bricht die FOMO komplett aus und wir gehen auf über 1 Million US-Dollar pro Bitcoin. HODL. VG
Nach einem raschen Rückgang erholte sich der Goldpreis von der Position (2583,43) und korrigierte allmählich. Der Preis pendelt derzeit um 0,5 (2654,88), ein Niveau, das oft ein Schlüsselbereich für Erholungen oder Rückschläge ist. Dem Trend nach zu urteilen liegt der Schlüsselwiderstand oben bei etwa 0,618 (2671,74), während die Unterstützung unten im Bereich von 0,382 (2638,02) liegen könnte. Die Preisbewegung im Bild zeigt, dass die jüngsten Bewegungen des Marktes weitgehend durch diese wichtigen technischen Niveaus eingeschränkt wurden. Aus Trendsicht wurde die Abwärtstrendlinie in der Vergangenheit durchbrochen und trat anschließend in einen Aufwärtskanal ein, doch nachdem der Preis zu Beginn dieser Woche den oberen Widerstand erreichte, begann eine kurzfristige Anpassung. In Kombination mit dem erwarteten Verlauf des roten Pfeils in der Abbildung können wir sehen, dass Analysten damit rechnen, dass der Preis kurzfristig bis in die Nähe von 2638 fallen könnte, um Unterstützung zu finden, und dann wieder nach oben zu steigen. Wenn sich der Preis in der Nähe von 2638 stabilisieren und den Widerstandsbereich von 2655-2670 effektiv durchbrechen kann, könnte ein neuer Aufwärtstrend beginnen. Im Gegenteil, wenn er unter 2638 fällt, müssen Sie auf das untere Unterstützungsniveau (2617 und niedriger) achten. Kurzfristig könnte sich der Markt in einer Phase der Schockanpassung befinden, und Händler müssen der Entwicklung von Unterstützungs- und Widerstandsniveaus sowie Änderungen der Marktdynamik große Aufmerksamkeit schenken. Diese Art der technischen Chartanalyse hat einen wichtigen Referenzwert für kurzfristig orientierte Händler. Es wird empfohlen, grundlegende Informationen wie die Entwicklung des US-Dollar-Index und die Geldpolitik der Federal Reserve zu kombinieren, um eine umfassendere Bewertung des Goldpreises vorzunehmen.
The NZDUSD currency pair is below the EMA200 and EMA50 in the 4-hour timeframe. In case of upward correction, we can see the supply zone and sell within that range with appropriate risk reward. A valid break of the support area will provide us with the continuation of the downward path of this currency pair. At the beginning of 2025, the US dollar has continued its upward trajectory, solidifying its position as one of the leading global currencies. After delivering a strong performance in 2023 and 2024, the dollar has now risen by more than 1% against the euro and the British pound, outpacing other major currencies. From an economic news perspective, recent reports have had little impact on the market. While data on jobless claims, affected by holiday factors, were assessed positively, reports such as construction spending and manufacturing PMI fell short of expectations. However, these statistics failed to create significant market movement, with US Treasury yields seeing only a slight uptick. According to data published by S&P Global, the US manufacturing PMI for December 2024 stood at 49.4, a slight decline from 49.7 in November. This figure remains below the 50-point threshold, indicating contraction in manufacturing activity. Nonetheless, there has been a slight recovery from the mid-month figure of 48.3. Manufacturing output in November declined for the fourth consecutive month, hitting its lowest level in 18 months. Additionally, new orders continued to fall, though at a slower pace compared to previous months. However, export orders experienced a steeper decline, primarily driven by economic weakness in Europe and Australia. In the employment sector, there has been modest yet positive growth for the second consecutive month, reflecting manufacturers’ efforts to retain their workforce. Input cost inflation has reached its highest level since August 2024, largely due to concerns over trade tariffs and potential protectionist policies. Approximately 25% of firms attributed their increased purchases to tariff threats, highlighting concerns over the inflationary effects of such policies. Despite current challenges, manufacturers are increasingly optimistic about the future. This optimism, which has reached its highest level in two and a half years, stems from reduced uncertainties following the elections and positive expectations of stronger economic growth and supportive government policies in 2025. However, the gap between current production levels and future expectations has reached its widest point in a decade, excluding the COVID-19 pandemic period. The main driver behind the strength of the US dollar is capital inflows. While the US economy appears robust, this alone does not explain the dollar’s growth. A confluence of positive factors has made US assets attractive, with the country’s stock markets outperforming other global markets. Currently, a significant portion of global capital formation is concentrated in the US dollar and its markets. Nevertheless, risks such as rising tariffs or restrictive fiscal policies could alter the dollar’s trajectory. For now, the market shows little concern about the Republican-led Congress, and the US dollar continues to assert its dominance in global markets. Donald Trump, the US President-elect, recently tweeted that tariffs have brought immense wealth to the country and that he plans to continue these policies after assuming office on January 20. Trump also referenced border issues, calling Joe Biden the “worst president in US history.” The chief asset strategist at HSBC Bank highlighted the hawkish messages from the Federal Reserve’s December meeting as a cause for concern. January is expected to be highly volatile, but these fluctuations could present intriguing investment opportunities.
First of all i m still bullish at this range but daily close under 92k may result in a crash to 81-77 area . Sideways price action should resolve next days. Over 98.5k close we re heading 120k area. Happy trading !
Welcome. My analysis is never wrong, and as you can see, Bitcoin will target the price of $118,000 to $130,000 during the period of this month.
The USD/JPY pair has slightly decreased to near 157.30, with verbal intervention from Japanese authorities providing some support to the Japanese Yen (JPY). However, uncertainty surrounding the Bank of Japan's (BoJ) policy outlook may limit the Yen's recovery. The Japanese market will be closed for the rest of the week. Traders are awaiting the release of the U.S. ISM Manufacturing PMI for December, which is scheduled for late Friday. Last week, Japan’s Finance Minister Katsunobu Kato reiterated concerns about the weakening Yen and emphasized the need for appropriate measures to address excessive exchange rate volatility. The BoJ will release its quarterly economic report next week, which may provide insights into the central bank's next policy move. Meanwhile, expectations that the Federal Reserve (Fed) will be less aggressive in cutting interest rates in 2025, coupled with positive economic outlooks for the U.S., could provide support for the U.S. Dollar (USD). Technical charts show that the USD/JPY pair is approaching support at 156.196, and if this level is broken, the bearish trend could continue towards the next support level. On the other hand, the 157.779 resistance level remains a key barrier to watch for any potential reversal. However, given the current uncertainty surrounding BoJ policy and global factors in play, the USD/JPY pair may continue its downward trend in the short term.
Hello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
AUDUSD has fallen to key lows on long term sentiment drag. Antipodeans not preferred as USD inflows come into play. Here's a few key lessons on catching swing entries.