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USDCAD → Weak dollar. Currency pair in the correction phase FX:USDCAD is declining on the back of a weak dollar index and breaking the support of the descending triangle, which generally allows bears to dominate the market. The price may go down to 0.355 The uptrend is not broken, a correction is forming after a retest of resistance. A descending triangle is forming on the chart as the dollar index is starting to show weakness related to the fundamentals. Most likely, from 1.36328 the price may head towards the trend support from which a rebound may follow with high probability. Resistance levels: 1.36328, 1.37 Support levels: 1.3547 I expect the bearish momentum to continue as the sellers are strong at the moment. The global trend is not broken, the market is developing a correction phase. Regards R. Linda!
Short
by RLinda
6
GOLD → Will the bullish sentiment persist after the news?FX:XAUUSD is growing and testing local descending resistance. Growth is associated with the decline in the dollar index on the background of Powell's comments. Ahead of the news on inflation... Technically, on H4 the price overcomes the correction phase and returns to the bullish rut, testing the local maximum. Bulls are focused on consolidation above 2350. If this can be done on the background of the news, 2400-2500 is ahead. Traders are waiting for the inflation report, which may be ambiguous like PPI. A slight weakening of the situation may weaken the dollar, and gold will react appropriately. Resistance levels: 2378, 2400, 2418 Support levels: 2352, 2336, 2328 The mood of traders is bullish, which can generally determine the medium-term outlook for us. But inflation can both strengthen this bullish mood and weaken it. Trade carefully! Regards R. Linda!
FX:XAUUSDLong
by RLinda
11
GOLD → How can the price react to the NEWS on inflation?FX:XAUUSD earlier returned to the range after a false breakdown of resistance. The market is now fading as it is in the waiting phase for Powell's speech as well as the rest of the inflation news. Traders are waiting for PPI ( ECONOMICS:USPPIMM ) today as well as tomorrow's CPI ( ECONOMICS:USIRYY ) . Earlier, the market discussed the interest rate cut as well as inflation, which continues to remain at a rather high level, which does not please the Fed. Traders are expecting inflation to drop from 3.5 to 3.4. This is possible, but it is still very high relative to what Powell, who will also speak today, is expecting. Gold may react strongly to the news as economic factors are unpredictable. It will be necessary to follow the actual data and not to trade before the news. Resistance levels: 2352, 2363, 2378 Support levels: 2328, 2306, 2295 Fundamentally it is still very bad, inflation is high, rate cuts are not expected, in general this scenario lays further strengthening of the dollar. In such a case, gold may continue to correct to the lows. Regards R. Linda!
FX:XAUUSDShort
by RLinda
13
EURUSD → Retest of downtrend resistance amid weak $FX:EURUSD is heading towards trend resistance with interest. This is also supported by the weak dollar, which is standing still. But, the currency pair is still in a bearish trend Buyers are trying to strengthen the euro. On D1 a consolidation format of movement is formed. In this case, the pair may test the trend resistance, but it will be difficult to break it the first time, because the dollar will continue to rise in price for some time due to the actions of regulators, which will affect the euro. Resistance levels: 1.0802, 1.0864 Support levels: 1.0736, 1.0703 At the moment there is a probability of a retest of the resistance area, but the bears can give strong resistance to the buyers' interests, which in general can be reflected as a pullback from the upper boundary of the trend. Regards R. Linda!
Short
by RLinda
9
ETHEREUM - Price can start to grow from support level in flatHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it rose to resistance level, which coincided with resistance area. Then price broke this level and rose to resistance line of channel, after which it bounced and started to decline. In a short time, ETH declined to support line of channel, breaking $3105 level again, and soon exited from rising channel too. After this, price started to trades inside flat, where it some time traded near top part but later declined to support level. Ethereum some time traded close to this level and then bounced up, but a not long time ago it fell back. So, I think ETH can decline to support level and then bounce up to $3025 inside flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
GOLD → Price moves back into range. Waiting for a test of 2328FX:XAUUSD returns to the range after a false breakdown of the liquidity zone. A strong sell-off phase is forming and price is heading towards a key support and liquidity area. On local timeframes, reversal patterns cause price to test downside resistance and confirm its presence. False breakout provokes sell-offs towards 2328, this area is key for traders. The market maker is interested in a retest of the liquidity zone, relative to which a false breakout and growth towards range resistance can take place. In general, the market is still neutral-negative in the local perspective, accordingly, it is acceptable to consider both buying and selling intraday. Resistance levels: 2352, 2378 Support levels: 2328, 2306 The correction will end only after breaking through the descending resistance (area 2365-2370), but at the moment the market is still in the correction phase, which is developing within the 4 wave. Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
BNBUSDT - Prise can make small move up and then start to fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price reached support level, which coincided with support zone, and then at once bounced down. Also, price started to trades inside wedge, where it made soon upward impulse from support line to $581 level. Next, price broke this level and continued to move up to resistance line of wedge, after this it bounced down. Price declined to support area, after which made upward move and started to trades inside flat, exiting from wedge as well. In flat, BNB broke support line and later declined to support level, after which started to move up. In my mind, Binance Coin can rise a little more and then start to decline to $581 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
GOLD → The bulls are back, the market is recovering. Is it 2400?FX:XAUUSD is testing 2378. For two weeks traders fought for the 2300 area and the bulls won. Favorable fundamental background and technical prerequisites played into our hands. Earlier we discussed with you the formation of the correction and the formation of the bullish pattern "descending wedge". The breakout of the resistance of the wedge confirmed the end of the correction, after fixing the price above 2300 the market allowed us to get an impulse of almost 700 pips and test the area of 2378. At the moment the market is still bullish. The favorable fundamental and technical background, together with the fall of the dollar index continues to motivate buyers. After updating the local high of 2378, a stop and correction is formed. The price may reach 2350-2340 before continuing its way up. Resistance levels: 2378, 2400, 2417, 2431 Support levels: 2350, 2340, 2327, 2316 2350 plays an important role as it divides the chart into bullish and bearish area. A false breakout is possible, but in general we should watch the price reaction to the liquidity area. Also, the zone of 0.382 and 0.5 Fibo is important. The market is bullish and it is worth prioritizing long positions Regards R. Linda!
FX:XAUUSDLong
by RLinda
12
GOLD → Consolidation continues. Support retest before growth FX:XAUUSD continues to consolidate, the market is uncertain, there are reasons for both long and short positions, but everything will be determined only by the exit of the price from the specified range. The current situation is as follows: the price earlier broke the resistance of the wedge, which in general can be perceived as a hint of the end of the correction. But, a rebound from the strong resistance of 2328 is being formed. The price continues to trade within the consolidation and at the moment the whole emphasis is on the support retest. Whether it will be a breakout or a false breakout will only show the market reaction, but against the background of the general trend and potential there is a high probability to see a rebound and growth to 2328. Resistance levels: 2328 Support levels: 2300 The situation is stalemate and it is impossible to determine the movement in advance, it is worth watching the market reaction to certain key zones. Since the price is still inside the range, it is worth considering trading inside it Regards R. Linda!
FX:XAUUSDLong
by RLinda
13
EURUSD → How will NFP affect the pair? Down to 1.0600?FX:EURUSD is facing strong support at 1.0600. A rebound and counter-trend correction within the downtrend is forming. Traders are waiting for Friday's NFP Globally, the currency pair is in a bear market phase. There is a strong struggle for the 1.0700 area, especially ahead of Non Farm Payrolls, which may determine the medium-term outlook. Traders expect the NFP to be lowered to 238K, compared to the previous 303K. On the background of high news volatility, the price may test the liquidity zones above the price before continuing to fall, as the general background for the currency pair is still negative. Resistance levels: 1.07365, 1.0800, 1.08643 Support levels: 1.0703, 1.0606 Based on the general data there is a probability to see a positive NFP for the dollar, which in general will continue to have a negative impact on the currency pair. But the problem with economic news is still that it is high uncertainty. Regards R. Linda!
Short
by RLinda
3
GOLD → End of correction? Up to 2380?FX:XAUUSD is strengthening after Friday's shakeout due to NFP, amid the dollar's decline. Possible retest of the liquidity area, with the aim of changing the trend. On H4 the price breaks the resistance of the wedge, formed within the corrective wave. The bulls are trying to hold above 2300, since the opening of the session the price strengthens to 2320 and makes an attempt to break the figure, which in general may mean the end of the correction. The price consolidation above 2328 will be a confirmation of the bulls' intention. In the near future the market may move to the phase of realization of the accumulated potential. Resistance levels: 2328, 2352 Support levels: 2295, 2277 Technically and fundamentally there are many preconditions for possible growth. The main task is to wait for a retest of the resistance at 2328 and further market reaction. A false breakdown and a small correction before further growth may follow Regards R. Linda!
FX:XAUUSDLong
by RLinda
7
GBPUSD → Attempting a trend change. Up to 1.2700?FX:GBPUSD , influenced by a positive fundamental backdrop and the dollar's decline since the opening of the session on Monday, is strengthening above previously broken trend resistance. GBPUSD is strengthening, the currency pair is in a bearish trend reversal phase. The market and traders are readjusting after the negative NFP for the dollar released last Friday. The currency pair is testing the local high and on the pullback is consolidating above the bearish trend resistance. Confirmation of the trend change will be the consolidation of the price above 1.2634. Resistance levels: 1.2668, 1.2570 Support levels: 1.2487, 1.2422 Most likely the market will make an attempt to change the trend, at the moment the realization phase is being formed. We are waiting for confirmation of the trend change with the purpose of further strengthening. Regards R. Linda!
Long
by RLinda
4
HelenP. I Gold can rebound from support zone to $2350 trend lineHi folks today I'm prepared for you Gold analytics. A few moments ago price rebounded from the trend line and in a short time rose to the support level, which coincided with the support zone. Soon, the price broke this level and started to trades inside consolidation, where it at once rose to the top part, but soon turned around and made a correction movement. After this, Gold tried to back up, but failed and declined to support level, which coincided with the trend line as well, after which XAU turned around and some time traded near this line. Later price broke the trend line and declined to the support zone, but soon it rebounded up and rose almost to the trend line. But recently price fell back and now Gold trades very close to the support level, so, I expect that XAU will decline to the support zone and then rebound up to the trend line inside consolidation. For this reason, I set my target at 2350 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
1
Bitcoin 2025 Target + Bull market mapBitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring months with a lot of sideways price action. On the chart, you can see my price projection for the next 1 year. As per my calculations, the bull market should end in Summer/Fall 2025 with a price of around 130,000 to 170,000 USDT. The current price is 67,000 USDT, and the bull market started at around 15,000 USDT. Of course, the most money you will make is if you buy at the start of the bull market and sell at the end of the bull market, then wait for the bear market to end and repeat this cycle. I know it's easy to say, but the reality is different. But on the other side - trading Bitcoin offers much more profit than just holding Bitcoin as the price is very volatile on a macro scale. In one of my next analyses, I will show you why the ultimate target is 130,000 to 170,000 USDT, so make sure you follow my account and do not miss my next posts! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
BITSTAMP:BTCUSDLong
by Xanrox
57
HelenP. I Binance Coin will continue to grow to $605 pointsHi folks today I'm prepared for you Binance Coin analytics. Some days ago price entered to consolidation, where it first rose to the resistance level, which coincided with the resistance zone, and then at once rebounded from to support level. After this movement, BNB turned around and made an impulse up to the resistance zone, after which it in a short time declined to the trend line, thereby exiting from consolidation and breaking 620 with 550 levels. Then the price turned around and rose higher than the 550 level, breaking it again, but soon fell back to the trend line, after which BNB made impulse up to almost the resistance level, finally breaking the 550 level. After this movement, Binance Coin turned around and in a short time declined to the trend line, breaking this line and fell to the support zone, after which it not a long time ago exited up, and now price trades near the trend line. For my mind, Binance Coin will little correct and then the price can continue to move up. That's why I set my target at 605 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
BITCOIN - Price can bounce down from resistance area to $55500Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago price started to trades in flat, where it broke $70300 resistance level and fell to bottom part of flat. Then price turned around and rose to resistance line of wedge, exiting from flat, and soon BTC broke $70300 level again. After this, price in a short time declined to support line of wedge, which coincided with $60500 level. But BTC at once bounced up to resistance line of wedge, after which it made downward impulse to support line of wege. Price broke $60500 level, but not long ago, BTC rose to this level and now trades very close. Possibly, Bitcoin can rise a little higher than resistance level and then bounce down to $55500 support line of wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
GOLD → The bears are selling off all the growth. 2250 ahead?FX:XAUUSD is forming a range of 2328 - 2295. The market sold off all the excitement formed on the background of Powell's comments yesterday. A bearish market structure is forming on D1. The area of 2328 is keeping the price down and plays the role of a strong key resistance. The bears (sellers) are quite strong and continue to gain momentum. The price is testing the range support. There is a possibility of support breakout with the subsequent decline, but for this there should be either technical or fundamental reasons. There may be a pullback before the news. Ahead of Initial Jobless Claims, traders are waiting for a negative scenario against the dollar, if the data is below 212K, the gold may continue its decline, if the IJC is above 212K, the gold will head towards 2328. Resistance levels: 2305, 2328 Support levels: 2295, 2280, 2267 The market is bearish, the correction is ongoing and gaining momentum. The market maker aims to go down to liquidity zones. But ahead of Initial Jobless Claims and tomorrow NonFarm Payrolls. Regards R. Linda!
FX:XAUUSDShort
by RLinda
2
NZDUSD → Bears prospects. Continued decline from resistance FX:NZDUSD reaches the previously outlined target. The trend remains and has a bearish direction, the structure of which is preserved and the direction of price movement can be continued. A retest of 0.5940 is formed on the background of yesterday's news and a slight weakening of the dollar index. The currency pair is strengthening within the downtrend, correction is being formed. Consolidation of the price below 0.5940 may form a potential reversal point with a further target of 0.585 or 0.58. But, there is a probability that on the background of increased volatility the price may reach the trend resistance. But, the prospects are the same. Resistance levels: 0.5940, 0.5983, 0.6000 Support levels: 0.5874, 0.585, 0.580 Technically and fundamentally we have a bearish outlook. The currency pair may continue its decline, but before that the market may test the resistance Regards R. Linda!
Short
by RLinda
1
GBPUSD → Waiting for a decline to 1.2300FX:GBPUSD may continue its medium-term decline based on the fundamental background. Traders are waiting for Powell's comments on interest rates. The market is on hold and is set for a negative scenario. Globally, the currency pair is in a stupor and is in a sideways movement without any clear prospects, trading in a global range between 1.28 - 1.22. On H4 a resistance retest is forming, there are no prerequisites for resistance breakout. Against the backdrop of the strengthening of the dollar index, the pound sterling is losing ground and declining. This decline may continue towards the lower boundary of the trend. Resistance levels: 1.252, 1.257 Support levels: 1.2422, 1.2300 Technically, we have a bearish trend and weak fundamental background for the currency pair, which generally determines the medium-term prospects for us. We are waiting for a decline to 1.2300 Regards R. Linda!
Short
by RLinda
3
GOLD - Price can break resistance level, and continue to riseHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it rose to resistance level, which coincided with resistance area. Price some time traded between this level and after reaching resistance line of channel, it made downward impulse. After this, XAU broke $2385 level, exiting from rising channel and fell to $2300 level, and started to trades in flat also. In flat, price bounced from $2300 level and tried to rise, but later it turned around and in a short time declined to support area. Gold exited from flat and soon rose higher $2300 level, but recently fell back and now price trying to break this level again. In my mind, XAU can break this level, make retest and continue to grow to $2360 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
2
GOLD → Correction continues, possible target 2250FX:XAUUSD continues to decline within the framework of corrective movement. Sellers are providing strong resistance and at the moment are not ready to let the price go above the key zones. GOLD → The bulls continue to fight back. Consolidation Earlier gold showed signs of strengthening, which in general the market evaluated positively and was ready to wait for the achievement of high targets, but as I said earlier it is not worth waiting for growth now. The market is interested in reaching the lower liquidity zones as well as in liquidation of traders in order to balance the market. On the background of consolidating dollar the price of gold is decreasing. The market is waiting for Powell's speech, who will give comments on interest rates. Traders lay in the situation the fact that Powell may give a tough comment on the current situation and leave the rate at the same level. Support levels: 2305, 2267 Resistance levels: 2328, 2344 Technically the correction continues. This correction is formed on the basis of both fundamental and technical reasons. This week is quite busy and it is worth paying attention to the news, which can determine the medium-term perspective. Regards R. Linda!
FX:XAUUSDShort
by RLinda
5
GOLD → The bulls continue to fight back. Consolidation FX:XAUUSD is in consolidation after the beginning of correction on the background of profit-taking and also strong sell-offs. Technically, the price does not show hints to leave the descending channel in one direction or another, but there are preconditions that indicate that the gold may strengthen to the resistance of the correction channel before further falling. The fall may resume amid the beginning of the strengthening of the dollar index. Within the range and channel, it is worth using the range trading strategy and false breakout or bounce principles. Resistance levels: 2344, 2365 Support levels: 2328, 2305 The bulls are resisting within the correction, this may strengthen the price to 2350-2360, but in general the correction and price decline may continue as the market is still in a huge imbalance and the price still has not reached the key liquidity areas. Regards R. Linda!
FX:XAUUSDShort
by RLinda
11