Support and Resistance
Weekly Market Forecast Jan 13, 2025This is an outlook for the week of Jan 13-17th.
In this video, we will analyze the following FX markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
The indices look set to move lower this week, with the possible exception of the DOW.
The metals are rallied on Friday, and may continue upward this week, despite a relatively strong USD.
Enjoy!
May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
AUD/USD Analysis, Key Points, and Trading PlanKey Points:
Strong Support/Resistance: .63000
1 Hour Breakthrough & Retest Point: .61800
Next Target: .60000
AU is overall bearish in a trading range of .63000-.60000
We can potentially see a retest to .61800 before seeing more bearish momentum.
I will keep you updated on new information given throughout the week.
$QQQ Daily: Key Demand Zone Ahead of PPI DataMarkets are at a critical demand zone on the NASDAQ:QQQ daily chart as we gear up for tomorrow's PPI report. 🔻 Will overnight selling continue, or can the bulls regain control and push prices higher ahead of the data? Let’s dive into the technical setup and potential scenarios!
DOGE | BTC | ATH Still Coming Like ETH and SOL, DOGE hasn't exactly made the dramatic ATH that Bitcoin has made - and we're still waiting for the glorious Altseason.
Like I explained in the previous idea, this isn't a bad thing and neither does it indicate the end of the bullish season - instead, it likely points towards a multi-month playout that eventually leads the Alts to new highs.
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BINANCE:DOGEUSDT BINANCE:BTCUSDT
Weekly FOREX Forecast Jan 13, 2025This is an outlook for the week of Jan 13-17th.
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD is still strong, so no reason to sell in the near term. With price at Monthly and Weekly
Supply levels, we have to proceed with caution in the near term. The bias is still bullish until the market gives us a HTF bearish break of structure.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Massive Reversal Incoming? USDCAD Showing Exhaustion Signals!(Apologies if the video is hard to understand—I bit my tongue during boxing sparring this morning!)
USDCAD has been on an incredible 17-week rally, but the price now appears extremely overextended and is showing signs of exhaustion.
Yesterday's NFP report brought a huge upside surprise, fueling a strong USD rally against all major currencies. While EURUSD, GBPUSD, NZDUSD, and AUDUSD all hit multi-year lows, USDCAD initially spiked higher but then sold off sharply, closing the day just above 1.44.
This marks the first clear sign of buying exhaustion—despite USD strength across the board, USDCAD failed to make new highs.
Additionally, this week’s candle formation caught my eye. It looks like a classic hanging man pattern, which typically appears at the top of a move, signaling an imminent reversal.
Zooming into the daily charts, we can see a clear distribution range forming, with sideways price action after a strong rally. The MACD is showing divergence, and recent price increases have been accompanied by negative volume—another strong indicator of a potential reversal.
As explained in the video, I see two likely scenarios for entering this trade:
False Breakout: A spike above the distribution range, potentially towards or just above 1.45, followed by a sharp sell-off. This would be my preferred entry.
Big Red Candle: A strong bearish candle early next week, signaling it’s time to enter short.
For this position, my first target is the previous monthly resistance at 1.405, and my second target—more likely—is 1.385, which is now a support level.
While I expect some bounce at these levels, I believe the longer-term move will see USDCAD fall back into its range, with a potential drop toward 1.32 very much on the cards.
Let me know your thoughts below!
Bitcoin -> CorrectionBitcoin hit my target 100-120k of last video.
right now I have the 108k it hit as the 5th wave of the move that developed off the $16k bottom and we are looking at a larger correction around the $70k for an A wave.
Looking at the bullish case which is still a decent possibility is that we have hit the C wave or will soon (above 87.5k) and should start moving up again shortly.
if we do get the bullish move, I'm unsure at this moment to say whether we started another big move or it will be moving to another 5th wave top with large correction to follow.
not financial advice
-cryptowaveman
SOL | Waiting on ETH for NEW ATHSolana has barely made a new ATH - basically topping out at nearly the exact same place as the previous ATH made in Nov 2021.
As Ii said in yesterdays update on ETH, there is no way BTC makes such a dramatic new ATH and ETH (and Solana) stay behind.
We can expect SOL and ETH to increase when BTC continues to trade range above 95k. This could be another multi-month playout, although ETH usually peaks rapidly at the end of the cycle, which is noteworthy from yesterday's analysis.
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BINANCE:SOLUSDT COINBASE:BTCUSD
Nasdaq Futures: Key Setups in a Tight Range | January 8, 2025Today’s Nasdaq futures analysis for Wednesday, January 8, 2025, highlights key price levels and strategies for navigating a tight range market. With critical liquidity zones in play, the potential for sharp movements is high.
📈 Long Opportunities: Breakouts above 21,400 or retracements to 21,230 offer targets at 21,500, 21,640, and beyond.
📉 Short Setups: Entries near 21,400 or 21,520, aiming for moves toward 21,300 and 21,100.
📊 Market Insights: Upcoming FOMC minutes at 2 PM (NY time) could spark volatility, making this a critical day for traders.
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