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XAUUSD looking for recovery? 1H analysisOANDA:XAUUSD XAUUSD went bearish after the FOMC news and made the weekly low of 2584. Traders had anticipated 25 bps cut but the 2 rate cuts in coming year was a surprise and everyone took it positively. TVC:DXY went strong bullish and peaked at 108. Now for today's trading opportunity I have simplified the levels for you people. For now, let's see if it's technical correction or just bullish continuing. BUY LEVELS: 2619 If market is able to hold above the level. SELL LEVELS: 2584 a major level and fall below this means short 2638 a level that can be considered a resistance for being in line with SMA 2656 A strong resistance level that is great short level. NOTE: there is economic news coming in the us session. so if you are new trader stay, stay away from market. If yore regular trader then be lenient with stops. & Always if you like my idea then boost it and share your thoughts in the comments.
OANDA:XAUUSD
by Forex_Analysis_Wing
XAUUSD 1 HR STRUCTURE CHANGEXAU/USD on the 1-hour chart has shifted its structure back into the established range, signaling a period of consolidation. With the Non-Farm Payroll (NFP) release on the horizon, there is a high probability of a liquidity hunt around the 2655 level. Traders should exercise caution and wait for clear confirmations before entering positions, as volatility is likely to spike during the NFP event. This could present opportunities for sharp moves, but patience and a well-defined strategy will be key to navigating these conditions effectively.
OANDA:XAUUSDLong
by SadarExplore
EURUSD 1HR CHART UPDATEThe euro (EUR) has shown mixed performance recently, with potential for further pullbacks depending on evolving economic factors. Market sentiment is cautious due to persistent weaknesses in the Eurozone's manufacturing and services sectors, especially in key economies like Germany and France. Furthermore, the European Central Bank (ECB) is expected to maintain a dovish stance, including possible rate cuts in the near term, which could limit upward momentum for the euro. On the other hand, if U.S. Federal Reserve policies lean toward easing interest rates in 2024 due to moderating inflation, the dollar could weaken, providing some support to the euro. Analysts forecast the EUR/USD pair could reach a range of 1.15 to 1.21 by late 2024, but downside risks remain if Eurozone economic recovery falters or if the ECB signals more aggressive monetary easing. This scenario underscores the importance of closely monitoring central bank policies and economic indicators for trading or investment decisions.
Short
by SadarExplore
BTC/USDT 1H chartHello everyone, let's look at the current BTC situation considering the one hour interval. In this situation, we can see how the price has moved higher from the local downtrend line above which it remains. Let's start by setting goals for the near future, which include: T1- 60252$ T2- 62340$ T3- 64922$ Now let's move on to the stop-loss in case the market continues to decline: SL1 = $58,076 SL2 = $56,190 SL3 = $555,256 AND SL4 = $54,044 Looking at the RSI indicator, we see a movement at the upper limit, which may influence an attempt to recover or give a temporary sideways trend.
by cryptodailyuk
BTC/USDT 1H chartHello everyone, let's look at the current BTC situation considering the one hour interval. In this situation, we can see how the price has moved higher from the local downtrend line above which it remains. Let's start by setting goals for the near future, which include: T1- 60252$ T2- 62340$ T3- 64922$ Now let's move on to the stop-loss in case the market continues to decline: SL1 = $58,076 SL2 = $56,190 SL3 = $555,256 AND SL4 = $54,044 Looking at the RSI indicator, we see a movement at the upper limit, which may influence an attempt to recover or give a temporary sideways trend.
by cryptodailyuk
Gold on the Brink: Major Price Shift Expected – Will It Surge?Key Observations: 4HR Channel: The price is operating within a larger ascending channel on the 4HR timeframe. This channel is guiding the overall bullish momentum seen in the price action. Weekly Flag: The upper trendline of the weekly flag intersects with the current price movement, suggesting that this is a significant resistance level. The price is showing a potential reversal as it interacts with this upper boundary. 15M Channels: Ascending Channel at the top of the 4HR channel: This smaller ascending channel within the larger 4HR channel might suggest a short-term bullish continuation, but it's also positioned at a critical resistance level, indicating a possible exhaustion point. Descending Channel: Indicates a corrective phase within the overall uptrend. The price broke out of this descending channel, which led to the recent upward momentum, aligning with the weekly trend. Potential Scenarios: Bullish Continuation: If the price manages to break above the ascending channel at the top of the 4HR channel, it could signal a strong bullish continuation. The price may retest the upper trendline of the weekly flag before further advancing. Bearish Reversal: Given the significant resistance from the weekly flag’s upper trendline and the upper boundary of the 4HR channel, a rejection here could lead to a decline. This might trigger a correction back down towards the lower liquidity zones (LQZ) marked on the chart. Considerations: Liquidity Zones (LQZ): The 15M LQZ around 2,485-2,477 is crucial. A break below these levels might confirm a bearish reversal, while a bounce could suggest accumulation before another upward push. Mass Psychology: As price approaches the upper resistance levels, watch for potential signs of exhaustion or overbought conditions, which could reflect a shift in trader sentiment, leading to a reversal. Strategic Approach: Risk vs. Reduced Risk Entry: If looking to enter a trade, consider the possibility of a reduced risk entry on a corrective pullback to the lower 15M LQZ if the price respects these levels. Alternatively, if the price breaks above the ascending channel, a riskier entry might be taken on the breakout, with stops placed just below the channel's boundary. Multi-Touch Confirmation: Watch for a third touch or more on either the upper resistance or lower support levels to confirm a potential reversal or breakout, as per the rule of three discussed in your uploaded materials​​​. This setup requires careful monitoring, especially at critical support/resistance levels, to determine the next directional move with confidence.
OANDA:XAUUSD
by Adlercon333
4
ELROND current 1HR timeframe Bullish Head n Shoulders On the 1HR chart for Elrond, which I must point out is currently very thin volume, but I think this volume will pick up soon, you can see here on the 1HR that the H & S bullish pattern on 1HR price appears to be retracing & retesting the H & S setup zone near neckline. Possible Trade Idea: Scale in with some Buy small orders just in case it winds back to $25 when I believe it will start to really move up again. But this H & S pattern on the 1HR may be the momentum upwards it needs.
EIGHTCAP:EGLDUSDLong
by Easy_Explosive_Trading
BNB/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the BNB to USDT chart considering the one hour time frame. As we can see, the price is approaching the point of exiting the triangle, after the current recovery. Let's start by determining the support line, as we can see, the price is based on a significant support at the level of $672, in case of breaking the support, the next support is $656, and then a very strong support at the level of $632. Looking the other way, you can see the resistance at the price of $682, ​​then there is a point at the price of $696, the third resistance is significant and has doubled the price increase at the level of $720, further resistance can be identified at the price of $736. When we look at the RSi indicator, we will see that the energy is approaching the lower limit. We have a similar situation on the STOCH indicator, but here we are bouncing off the bottom of the mark, which slows down the decline.
by cryptodailyuk
BTC/USDT 1HInterval Chart ReviewHello everyone, let's look at the 1H BTC to USDT chart, as we can see the price is moving in an upward trend channel, defined by white lines. Let's start by setting goals for the near future that we can include: T1 = $67,339 T2 = $68,015 T3 = $68,493 AND T4 = $69,168 Now let's move on to the stop loss in case of further market declines: SL1 = $66,722 SL2 = $66,186 SL3 = $65,836 SL4 = $65,370 AND SL4 = $65,370 Looking at the RSI indicator, we can see a movement towards the middle of the range, which still leaves room for a price increase, and when we look at the STOCH indicator, we can also see room for an upward movement.
by cryptodailyuk
ETH/USDTHello everyone, let's look at the 1H ETH to USDT chart as we can see that the price is moving below the local uptrend line. Let's start by setting goals for the near future that we can include: T1 = $3,454 T2 = $3,603 T3 = $3,710 AND T4 = $3,845 Now let's move on to the stop loss in case of further market declines: SL1 = $3,189 SL2 = $3061 AND SL3 = $2,884 Looking at the RSI indicator, you can see how we remain low below the downward trend line, while the Stoch indicator approached its trend line, which may trigger a rebound again, it is worth watching whether the downward trend will be broken.
by cryptodailyuk
BTC/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As we can see, the price has broken lower from the local upward trend line. Let's start by determining the support and, as you can see, first we have a visible support zone from $69,984 to $69,553, and then there is support at the level of $68,307. Looking the other way, we see the price rising above the first resistance level at $70,147, the next one is at $70,678, and then it is worth marking the resistance zone from $71,067 to $71,561. Looking at the volume indicator, you can see two green candles, but they are much weaker than the previous red candles, indicating a local downward trend. On the RSI indicator, we have approached the middle of the range, which still leaves room for a price decline.
by cryptodailyuk
Will BTC break through the first resistance zone?Hello everyone, let's take a look at the BTC to USDT chart on a 1 hour time frame. As you can see, the price has moved above the downward trend line. Let's start by determining support and as you can see, the first support in the near future is $68,540, in case of breaking the support, the next support is $67,089, and then it is worth defining the support zone from $64,856 to $64,576. Looking the other way, we can see how the price is fighting against the strong resistance zone from $69,660 to $71,064, and when it breaks above it, we can see another attack towards the ATH to the zone from $73,638 to $74,323. Looking at the RSI indicator, we can see how it goes beyond the upper limit in the one-hour interval, which may result in a deceleration of growth, also when we look at the STOCH indicator, we will see an exit from the upper limit, which may also cause a change in direction.
by cryptodailyuk
BNB?USDT 1HInterval Chart ReviewHello everyone, let's take a look at the 1H BNB to USDT chart, as we can see the zena is staying above the upward trend line, and locally we can see an upside exit from the triangle. Let's start by setting goals for the near future that we can include: T1 = $570.8 T2 = $592.50 T3 = $608.4 AND T4 = $627.6 Now let's move on to the stop-loss in case of further market declines: SL1 = $547.1 SL2 = $535.3 SL3 = $514.6 AND SL4 = $482.4 Looking at the RSI indicator, it can be seen that it has returned to the upward trend, with room for a possible continuation of growth. However, on the STOCH indicator we can see that it is approaching the upper limit, but it also has some room before recovery.
by cryptodailyuk
BTC/USDT 1HInterval ChartHello everyone, let's look at the 1H BTC to USDT chart, because we can see how the price has left the local downtrend channel, and it is important that it maintains the current level to continue to grow. Let's start by setting goals for the near future that we can take into account, first the important resistance zone from $68,550 to $69,629, and then the target around $72,843 should be taken into account. Now let's move on to the stop-loss in case of further market declines: SL1 = $66,326 SL2 = $63,841 - $62,525 AND SL3 = $58,717 Looking at the RSI indicator, we can see a return to the upper part of the range with room for potential growth, but on the STOCH indicator we are moving above the upper limit, which may affect the attempt to recover.
by cryptodailyuk
2
BTC/USDT 1H Support and ResistanceHello everyone, let's look at the 1H CRO to USDT chart, we can see how an upward trend channel has currently formed, in which the price remains at the lower limit. Let's start by setting goals for the near future that we can include: T1 = $71,290 T2 = $74,725 T3 = $77,303 AND T4 = $80,413 Now let's move on to the stop-loss in case of further market declines: SL1 = $67,683 SL2 = $65,980 SL3 = $63,858 AND SL4 = $57,699 When we look at the RSi indicator and the STOCH indicator, we see a potential room for growth, but both indicators are approaching a local downward trend, which may result in declines again.
by cryptodailyuk
1
ETC/USDT 1H Targets and Stop-lossHello everyone, let's look at the 1H ETC to USDT chart, we can see the movement inside the side triangle marked with blue lines. Let's start by setting goals for the near future that we can include: T1 = $36.81 T2 = $38.14 AND T3 = $40.33 Now let's move on to the stop-loss in case of further market declines: SL1 = $35.78 SL2 = $34.60 AND SL3 = $32.69 Looking at the STOCh indicator, you can see how there is room for a potential upward move, while the RSI indicator shows a move in the lower part and room for the resistance line for an upward move.
by cryptodailyuk
BTC/USDT 1H Targets and Stop-lossHello everyone, let's look at the 1H BTC to USDT chart, as we can see, the price remains on the local upward trend line, breaking it may result in a greater recovery. Let's start by setting goals for the near future, which include: T1 = $73,206 AND T2 = $76955 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $71,350 SL2 = $70,435 SL3 = $69,812 AND SL4 = $68993 Looking at the RSI indicator, we see that we have approached the trend line again and there is plenty of room for a rebound. However, the STOCH indicator also indicates a transition into recovery with room for a larger correction.
by cryptodailyuk
ETH/USDT 1HInterval ChartHello everyone, let's look at the 1H ETH to USDT chart as you can see that the price has returned above the uptrend lines. Let's start by setting goals for the near future that we can include: T1 = $3,996 and T2 = $4,161 Now let's move on to the stop-loss in case the market reverses its trend: SL1 = $3,699 SL2 = $3,554 SL3 = $3,316 Looking at the RSI indicator, you can see how the movement is approaching the support line again, which may result in another price increase, but here you should pay attention to the STOCH indicator which remains near the upper limit, which may result in the need for a price recovery.
by cryptodailyuk
1
BTC new ATH and CorrectionHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price dynamically moved lower from the local upward trend line. Let's start by determining the support and as you can see, the price is in the support zone from $62,971 to $61,218, and may continue to stay around $58,999. Looking the other way, you can see resistance at the level of $64,493, then the second one at $66,360, and then a very strong resistance zone from $67,691 to $69,349, where the price described the new ATH. Looking at the RSI indicator, you can see a local downward trend line, with room for a larger correction, while on the STOCH indicator we are approaching the lower limit but a possible downward movement is still visible.
by cryptodailyuk
BTC/USDT 1HInterval Chart ReviewHello everyone, I invite you to a quick review of the current situation of BTC in the USDT pair, taking into account the one-hour interval. As you can see, the price is climbing along the local upward trend line. As you can see, the price is still growing dynamically, and the four-year cycle of bitcoin may change, but here we will lay out a trend based fib extension grid, thanks to which we can see how the price has reached a very important resistance zone from $67,644 to $69,962, and when it positively leaves this zone the increase may reach around $73,055. Looking the other way, however, if we saw a reversal of the trend, this would have a positive impact on the RSI and STOCH indicators, which at the moment are clearly depleted. The price decline may reach the support level of $65,671, and then a support zone is visible around $63,490 to $62,350.
by cryptodailyuk