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EUR/USD Daily Chart Analysis For Week of Jan 3, 2025Technical Analysis and Outlook: The Eurodollar has significantly declined in this week's abbreviated trading session, reaching the Outer Currency Dip level of 1.025. Consequently, the currency has rebounded robustly and is heading toward the Mean Resistance level of 1.034. Current analyses suggest that the Euro is positioned to continue its upward trajectory. Nevertheless, it is anticipated that a revitalized pullback will occur from this resistance level.
by TradeSelecter
GOLD Will Go Higher From Support! Long! Please, check our technical outlook for GOLD. Time Frame: 45m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2,639.504. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,649.727 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDLong
by SignalProvider
1
AUDUSD Will Go Up From Support! Buy! Here is our detailed technical review for AUDUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.621. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.633 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURAUD Will Go Lower! Sell! Take a look at our analysis for EURAUD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.657. The above observations make me that the market will inevitably achieve 1.633 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Gold's Potential Movememt in 2025Here is the detailed technical analysis of OANDA:XAUUSD 1. Key Levels and Chart Structure - Resistance Zones (red boxes): There is a significant resistance zone highlighted around $2,720–$2,740. This is an area where the price has previously struggled to break through, indicating strong selling pressure or profit-taking. - Support Zones (green boxes): The key support levels are marked near $2,580–$2,600. This area has been tested multiple times in the past, showing buyers stepping in and defending this zone. 2. Chart Pattern - Symmetrical Triangle: The white lines outline a symmetrical triangle pattern. This indicates consolidation and a potential breakout, either upwards or downwards, as the price nears the apex of the triangle. Triangles often lead to sharp price movements as traders anticipate a resolution. 3. Potential Scenarios Scenario 1: Bullish Breakout (green path) - If the price breaks above the resistance zone near $2,720, we could see a bullish rally. - The price might retest the breakout level before heading higher towards $2,760–$2,800. This aligns with the continuation of the prevailing uptrend from earlier in the chart. - A breakout above the symmetrical triangle would signal strong buying momentum, supported by increasing volume during the breakout. Scenario 2: Bearish Breakdown (red path) - If the price fails to hold the triangle's lower boundary and the key support zone near $2,580, a bearish breakdown is likely. - This could lead to a sharp decline, targeting levels around $2,520 and potentially further towards $2,480. - Such a move could be triggered by strong selling pressure or macroeconomic factors unfavorable to gold, such as a strengthening U.S. dollar or rising bond yields. 4. Volume Analysis - The volume seems to be decreasing as the price moves within the triangle, which is typical for such consolidation patterns. A significant increase in volume during the breakout or breakdown would confirm the direction of the move. 5. Trading Implications - For a bullish breakout, traders might consider entering long positions above $2,720 with stops below the triangle and targeting $2,760 or higher. - For a bearish breakdown, short positions could be initiated below $2,580, with stops above the triangle and targets near $2,520 or lower. - Risk management is essential, especially in volatile market conditions like this. This analysis is based purely on the technical chart setup and does not account for any fundamental factors or news events that could influence gold prices. It would be wise to monitor any upcoming economic reports or geopolitical developments that might impact gold's movement.
CAPITALCOM:GOLD
by MrSharelock
EUR/USD --> The Bears Are Applying Strong PressureFX:EURUSD in a strong downtrend, the market has just set a new local low with no signs of stopping. What lies ahead? The Euro is under significant pressure against the strength of the US dollar, which has been bolstered by the aggressive economic policies from the Trump era. The rising greenback has not only diminished the Euro's appeal but has also added further turbulence to the forex market. Under current conditions, the 1.1000 level has emerged as a critical point, drawing significant attention from major institutional players in the market. Resistance levels: 1.033, 1.0448 Support levels: 1.000 From both a technical and fundamental perspective, the outlook remains weak. As such, emphasis should be placed on strong resistance levels where the downtrend is likely to resume.
Short
by Bentradegold
INRUSD - Indian Rupee Collapse UPDATEMy initial post on INRUSD was back on Sept 2022 more than 2 years ago. My update is more of the same going forward. INR will continue to collapse despite its nominal economic growth. When the economy is very small relative to its population, the growth rate doesn't matter as if a major economy like the US has similar growth. It's like comparing apples to oranges. But I certainly understand how people can be misled. That's why I am trying to explain it to you here today.
Short
by RealMacro
EURUSD: Still bearish long term. Don't buy a falling knife.EURUSD remains heavily bearish on its 1D technical outlook (RSI = 34.500, MACD = -0.006, ADX = 21.396) as the 1 month Channel Down remains intact. The current 4H rebound is the bullish wave of the Channel and technically once the 4H MA50 is hit, it will turn into a bearish opportunity again. We are waiting for that signal to sell towards the bottom of the Channel (TP = 1.0200). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
GBPJPY Sell/Short SignalGBPJPY looks like a sell on the D1 and has been moving steadily down from the last entry we took. We are looking for a nice slide downward movement with key levels I marked on the chart. Last few patterns that have played out created a double top and a clear indication of an M formation to complete the full double bottom. I would like to see levels 192, 188, and 183 touch for a long term swing trade period, however, you are able to close when you wish to do so. Please be advised to use cautionary risk/reward ratios and what suits you best. If you have any questions, please feel free to message me as I love to answer questions! Thanks! Happy New Years to all! We are officially BACK! ENTRY: 195.284 (can enter in these levels) TP 1 (Day Trade): 192.020 TP 2 (Swing Trade): 188.006 TP 3: (extended swing trade) 183.762 SL: 50 Pips from entry Please message me if you have any questions! Please enjoy your day and be sure to follow our page!
Short
by KingTraderFX
2
USDCAD trade analysis / ascending channel + symmetrical triangleUSDCAD got the buy bias. Been checking it for trend indicators, all indicating for buys. As noticeable, it's been slowing down, creating what looks like mostly consolidation. But in the midst of it all, there is most importantly other patterns like an ascending channel and a symmetrical triangle. After combining these ideas, my best guess is to buy. Buy limit is set right above symmetrical triangle pattern with stop loss below the mid-zone of the triangle, and take profit is set right below the current terminal of ascending channel.
Long
by CyberFxTrader
Analysis of EUR/USD: A Strategic Insight for TradersThe EUR/USD currency pair has extended its rally for the third consecutive day, trading near the 1.0430 level during Monday’s Asian session. This uptick is primarily driven by remarks from members of the European Central Bank (ECB) Governing Council and expectations of delayed interest rate cuts in the Eurozone. However, the hawkish tone of the Federal Reserve (Fed) and a stronger U.S. Dollar (USD) could cap the Euro’s gains in the short term. Fundamental Factors Influencing EUR/USD European Central Bank (ECB) Robert Holzmann, a member of the ECB Governing Council, stated that further rate cuts might be delayed. He highlighted recent inflation spikes and emphasized the inflationary pressures stemming from the Trump administration’s tariff policies, which may slow economic growth but increase inflation. Delayed Rate Cut Expectations: Markets anticipate the ECB to slow down rate cuts due to rising inflation and the need for economic stabilization. U.S. Federal Reserve (Fed) The Fed reduced rates by 25 basis points during the December meeting, but the dot plot indicates only two rate cuts anticipated for 2025. Fed Chair Jerome Powell: He reiterated that the central bank would approach further rate cuts cautiously. Impact on USD: The Fed's hawkish messaging has bolstered the USD, acting as a counterweight to the EUR/USD rally. Economic Policies under the Trump Administration Tariffs and Tax Cuts: The administration’s policies are expected to intensify inflationary pressures, potentially altering the Fed’s monetary policy outlook in favor of the USD. Short-to-Medium Term Outlook for EUR/USD Bullish Scenario : Signals of delayed ECB rate cuts and improved Eurozone economic data could sustain support for the Euro. Bearish Scenario : Continued hawkish Fed messaging, coupled with strong U.S. economic data, could exert downward pressure on EUR/USD.. Technical Analysis: Pivotal Levels in Play Weekly Momentum: Momentum indicators on the weekly timeframe highlight persistent selling pressure, aligning with the prior bearish analysis. Key Support Levels: The price is trading near the confluence of the lower boundary of a neutral channel and the median line of the Andrews Pitchfork, intensifying the sensitivity of this zone. Potential Breakdown: The momentum suggests a higher likelihood of breaking below this support unless weekly price action signals a reversal by surging and breaking above the 1.0534 resistance level. Conclusion and Call to Action This analysis outlines critical fundamental and technical elements shaping the EUR/USD’s trajectory. With key macroeconomic events and technical levels at play, traders should stay vigilant for decisive moves. 👉 What’s Your Move? If you find this analysis insightful, hit the Boost button and share it with your trading community. Let’s navigate these markets together—profitably!
Short
by Mohammad_Mirdehghan
Gold Spot (XAU/USD) Technical Analysis: Potential Decline to KeyThis analysis of Gold Spot (XAU/USD) on the daily timeframe highlights the price structure, Fibonacci retracement levels, and Andrews' Pitchfork, suggesting the possibility of further downside movement to key support areas. Key Highlights: Corrective Wave Structure and Key Resistance: The recent upward correction appears to have completed near the resistance zone of $2638–$2655, aligning with the 38.2% and 50% Fibonacci retracement levels. The condition for further decline is the inability to close a daily candle above this resistance zone. Failure to break this level increases the probability of continued bearish movement. Andrews' Pitchfork: The price is clearly moving within the Andrews' Pitchfork, which illustrates the overall bearish direction of the market. Price action at the median and outer lines of the pitchfork will determine the next move. Key Support Levels: The first major support level is at $2545, which could act as a short-term target. If selling pressure persists, the price may drop further to the next significant support at $2495, completing the anticipated C-wave. DT Oscillator: The downward turn in the DT Oscillator provides confirmation of continued bearish momentum. This bearish signal, combined with failure to break the key resistance zone, increases the likelihood of a move toward the identified support levels. Potential Scenarios: Bearish Scenario: If the daily candle fails to close above the $2638–$2655 resistance zone and the DT Oscillator maintains its bearish signal, the price is likely to decline toward $2545 and potentially $2495. Bullish Scenario: A close above the $2638–$2655 resistance zone, coupled with a bullish turn in the DT Oscillator, could indicate a potential trend reversal and a move toward higher levels, possibly $2700+. Conclusion: Based on Andrews' Pitchfork, the key resistance zone, and the signals from the DT Oscillator, Gold Spot is at a critical juncture. If the resistance holds, the price is likely to decline toward the $2545 and $2495 support levels. Traders should closely monitor the price reaction to these levels and momentum signals for potential setups. Feel free to share your thoughts or questions in the comments, and don’t forget to follow me for more detailed analyses like this!
FOREXCOM:XAUUSDShort
by Mohammad_Mirdehghan
16
XAU/USD : More Fall Ahead? (READ THE CAPTION)By analyzing the #Gold chart on the 4-hour timeframe, we can see that after revisiting the supply zone of $2,633 to $2,652, the price faced selling pressure and corrected over 140 pips to $2,624. Currently, gold is trading around $2,626. If the price manages to hold below the $2,633 level, we can anticipate further declines. This analysis will be updated.z Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
31
US30 Will Go Down! Short! Please, check our technical outlook for US30. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 42,499.9. Taking into consideration the structure & trend analysis, I believe that the market will reach 40,967.2 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
CAPITALCOM:US30Short
by SignalProvider
1
USOIL Will Move Lower! Sell! Here is our detailed technical review for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 72.837. Considering the today's price action, probabilities will be high to see a movement to 68.454. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILShort
by SignalProvider
1