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Trending
SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6909.78
6909.78
6909.78
6910.87
6869.65
+31.29
+ 0.45%
--
DJI
Dow Jones Industrial Average
48442.40
48442.40
48442.40
48527.50
48254.31
+79.73
+ 0.16%
--
IXIC
NASDAQ Composite Index
23561.83
23561.83
23561.83
23563.46
23377.49
+133.02
+ 0.57%
--
USDX
US Dollar Index
97.530
97.610
97.530
97.600
97.380
-0.020
-0.02%
--
EURUSD
Euro / US Dollar
1.17901
1.17909
1.17901
1.18077
1.17794
-0.00020
-0.02%
--
GBPUSD
Pound Sterling / US Dollar
1.35083
1.35094
1.35083
1.35338
1.34911
-0.00059
-0.04%
--
XAUUSD
Gold / US Dollar
4491.72
4492.13
4491.72
4525.79
4471.03
+7.56
+ 0.17%
--
WTI
Light Sweet Crude Oil
58.554
58.584
58.554
58.655
58.135
+0.165
+ 0.28%
--
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Visxa Benfica 
@ifan afianTP2 will push to a new high of 4530-4550 if there is a clean breakout buddy
Visxa Benfica
3152587
hello sugar 
@3152587 Hello bro,nice to meet you
Visxa Benfica
@3152587 Are you going anywhere today, Christmas Day?
EuroTrader 
3152587
hello sugar
@3152587hello mate how do you do which market do you have opened up
ifan afian 
Visxa Benfica
EuroTrader
3152587
hello sugar
@3152587will you be trading the financial market today or you prefer to sit on the side line
Visxa Benfica
@ifan afianAt that time, a slight short position could be considered, potentially reaching 4400-4415
Visxa Benfica
@ifan afianBut I don't really like shorting gold right now; the momentum is still going up
Visxa Benfica
So I'm still undecided
EuroTrader
@ifan afianhow is your trade setup looking now have you gone break even yet on the trade
3152587 
sorry forget to log in.i will be back
EuroTrader
3152587
hello sugar
@3152587are you new to trading or just new to this wonderfull community
Visxa Benfica
3152587
sorry forget to log in.i will be back
@3152587Oh, please log in, bro
EuroTrader
ifan afian
luigi 
I hope btc will make a bounce before cristmas
Collins Mu 
how y'all billionaire's doing 😁
C.E.O
ok huney darling is back .
.Collins Mu
- All
- Russia-Ukraine Conflict
- Middle East Flashpoint
Head and Shoulders Bottom' Pattern Completes, Signaling a Market Rebound to the Neckline
Summary:
The Eurozone's manufacturing sector concluded on a disappointing note, with scant signs indicating an imminent economic rebound. EURNZD has exhibited indications of accelerated selling.
CLOSED
1.83931
Entry Price
1.80200
TP
1.85750
SL
2.01774 -0.00098 -0.05%
60.9
Pips
Profit
1.80200
TP
1.83322
Exit Price
1.83931
Entry Price
1.85750
SL
Fundamentals
On Thursday during the European trading session, EURNZD plummeted to the lower boundary of its recent consolidation range around 1.08400. This asset displayed accelerated selling following the release of lackluster Eurozone economic data.
December PMI data for the Eurozone revealed a poor year-end performance for Eurozone manufacturing, with factory activity decelerating at an accelerated pace and scant signs of an impending economic recovery. The scope of the Eurozone's economic downturn has broadened as its three largest economies—Germany, France, and Italy—plunge into industrial recession, with Spain standing out due to robust manufacturing expansion.
Market Observation: Even in December, there was no festive cheer in the Eurozone's manufacturing sector. The decline in new orders exceeded that of the previous two months, shattering any hopes for a swift economic rebound. This perspective is also supported by the accelerated decline in backlog orders.
European Central Bank President Christine Lagarde stated in a video posted on X on Wednesday: "We have made significant progress in reducing inflation in 2024 and hope to achieve our target as planned and strategically in 2025. Of course, we will continue to strive to ensure that inflation stabilizes at the medium-term target of 2%."
Eurozone CPI growth decelerated last year and fell below the ECB's target in September, only to rebound in recent months. Lagarde cautioned that CPI will fluctuate around current levels in the near term. Nonetheless, the deceleration in inflation has allowed policymakers to implement four rate cuts of 25 bps each. Economists anticipate four more rate cuts by June of this year.
Technical Analysis
After an extended period of consolidation, EURNZD experienced a short-term sell-off during the European trading session on Thursday, aligning with the reversal of the overall structure of the "Head and Shoulders Bottom" pattern. It is projected that the asset will return to the neckline level of the "Head and Shoulders Bottom" pattern within the forthcoming fortnight.
Trading Recommendations
Trading Direction: Sell
Entry Price: 1.8440
Target Price: 1.8020
Stop Loss: 1.8575
Valid Until: January 17, 2025, 23:55:00
Support: 1.8379/1.8347/1.8202
Resistance: 1.8499/1.8544/1.8651
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