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A-flat

EURO - Price can bounce up to $1.0900, breaking resistance lineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price started to trades in flat, where it some time decliend to support area, after which it started to grow. Price left flat, and then reached $1.0935 level and even entered to resistance area, where EUR little time traded. After this, Euro broke $1.0935 level and fell below, after which price rose to this level again and made downward impulse. Euro fell to support line, breaking $1.0820 level, but soon it turned around and made upward impulse to resistance line. Also, price broke $1.0820 level again, and reached resistance line, but recently it fell and then started to rise. In my mind, Euro can little decline and then bounce up to $1.0900, breaking resistance line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
HelenP. I Gold can grow a little and then make impulse downHi folks today I'm prepared for you Gold analytics. Some days ago price declined to support 2, which coincided with the support zone, and at once rebounded and started to rise, but soon fell back and even lower support zone, reaching the trend line. After this, the price turned around and in a short time broke support 2 and then continued to move up between the trend line. Soon, XAU reached support 1, which coincided with one more support zone, and later broke this level too. After this movement, the price some time traded in consolidation, after which Gold fell to support 1 and then made a strong impulse up to 2265 points, thereby exiting from this pattern and breaking the trend line one more time. Then price continued to rise near the trend line and recently rebounded up from this line. So, at the moment, I expect that Gold will rise a little and then make an impulse down, below the trend line, thereby breaking it again. That's why I set my target at 2250 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
Bitcoin can reach resistance level and then rebound downHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago rebounded from the support line and made a strong upward impulse to the support level, which coincided with the buyer zone. After this, BTC in a short time broke the 60800 level, made a retest, and continued to move up to the resistance level, which coincided with the seller zone. Price even entered to seller zone, but soon turned around and declined lower the 71250 level, making a fake breakout. Also then price started to trades in the range, where firstly it broke support line and fell to the support level. Then Bitcoin rebounded from the 60800 support level and made impulse up to the seller zone, but when it reached this area, the price at once exited, making a fake breakout of the resistance level. Next, the price some time traded near the resistance level and then declined below, but a not long time ago BTC turned around and started to grow, so now it trades near the 71250 level. Now, I think that Bitcoin can reach a resistance level and then rebound down. For this case, I set my 1st Take Profit at the 65000 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
GOLD → Could NFP cause a counter-trend correction?FX:XAUUSD within a strong rally stops and forms a flat before the publication of NFP. Relative to 2288 a false breakout is formed, bringing sellers into the market. The dollar is in a correction phase, as is gold. The price is testing the local low of 2267.67 but still does not reach the strong liquidity zones of 2265, 2228, 2222. There is still a strong buyer in the market, but after the correction and the false breakdown of 2288 a seller appears. NFP is ahead, a rather important news, which can both turn the market and strengthen the current movement. It is worth paying attention to the resistance at 2288 and 2305. There is a chance to see the continuation of counter-trend correction, but before that there is a chance that a big player will drive the price to ATH before further decline to the specified liquidity areas: 2265, 2228 or to the support of the formal channel. Resistance levels: 2288, 2305 Support levels: 2265, 2228, 2222 Technical factors are not enough now to specify the key areas for opening sales or purchases, so it is worth to base on the fundamental reasons and strong resistance and support areas. TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSD
by RLinda
13
EURUSD → How can NFP affect the currency pair? FX:EURUSD is unfolding within the framework of the downtrend. The price fails to reach the key support and gains a buyer amid the correction of the dollar index. The market is waiting for NonFarm Payrolls Chart on D1 - price has no clear global trend, the market is in neutral flat. A false breakdown of the ascending support line is formed, after which the market gets a buyer. The market is expecting NFP today, Traders want to see 212K relative to the previous 275. On the back of a slight rise in Initial Jobless Claims NFP all may be a bit higher than 212K, which may increase volatility a bit. Channel and range resistance at 1.08975 is worth watching. Support levels: 1.07958 Resistance levels: 1.08643, 1.08975 Technically, if NFP is worse than expected, the currency pair may try to break the trend resistance and head towards 1.10. But, there is a high probability to see NFP above 212K, which will have a negative impact on the currency pair. Regards R. Linda!
Short
by RLinda
3
BNXUSDT → Stronger than BTC? How will this affect growth? BINANCE:BNXUSDT is forming an interesting pattern. A symmetrical triangle is formed on the chart and after shaking from below the price strengthens and breaks the resistance, which in general prepares the coin for further growth. Technically, BNX is feeling better than BTC and looks strong enough to continue growing. The price is breaking through the resistance of the 0.6200 range and is consolidating above this line on the low timeframes, while the cryptovalent market is in correction, following bitcoin, which is updating local lows. If the bulls in BNX keep the price above the previously broken triangle and above the 0.6200 level, it will cause further gains towards 0.74 and 1.0 Resistance levels: 0.6200 Support levels: triangle resistance, 0.5663 Technically, the coin has the potential for further growth. We are waiting for consistent actions from the bulls with the purpose of realization BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
11
GOLD → Reached 2300. What's next, going higher or correction?FX:XAUUSD breaks records and updates the high to 2305, but technically, the implied target is still not reached. Today Initial Jobless Claims before NFP is published and the market may go into a consolidation phase. On D1 we see the dollar declining after a false break of the resistance at 104.94 as well as the downside resistance. Ahead of Initial Jobless Claims, in general, traders are waiting for neutral-negative data, the situation is still complicated, but Powell is trying to keep the market from Panic with his statements. Obviously, after the release of PMI and JOLTS data the Fed will not change the policy based on Q1 data. What is happening in the market now is emotion, but many people take it seriously. Still, we should wait for more important and factual data than just words in the air. The inflation rate in January-February was higher than in 2023, which was the reason for the panic "inflation will be even higher and rates will be held for longer". But, the latest data doesn't change the situation significantly. 2300 may become a key psychological level for gold and cool down the market a bit, which may form a correction. There are still some areas of imbalance that the market maker may test before resuming the rise to the resistance level formed on the monthly timeframe. Support levels: 2288, 2265, 2253 Resistance levels: 2300, 2325, 2337 Technically, a small correction to liquidity zones may start before further rsoot towards psychological levels COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. linda!
FX:XAUUSDLong
by RLinda
12
HelenP. I Bitcoin can make little move up and then rebound downHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some days ago in a short time rose to the 61600 level, which coincided with the support zone and soon broke this level. After this, the price some time traded near this level and then rebounded up to the resistance level and even entered to resistance zone, after which BTC reached the trend line and turned around. Then, the price declined below the resistance level and started to trades in consolidation, where BTC first fell to the support level. After this movement, the price turned around again and made an impulse up back to the resistance level, breaking the trend line and trying to break the 71400 level, but failed. Price some time traded near the resistance level and later rebounded down to the trend line, after which a not long time ago BTC bounced from this line and started to rise. Just now, I think Bitcoin will rise a little more and then rebound down to the trend line. For this case, I set my target at 62800 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
GOLD → A correction before further growth?FX:XAUUSD has been forming a small correction towards liquidity zones since the opening of the session. On the background of strong bullish trend it is quite logical scenario before the news publication. The dollar index is testing a strong resistance before the news and a correction is possible, which will only strengthen the growth of gold. But, it is impossible to determine in advance what kind of news it will be (bullish or bearish for the dollar). Traders expect bullish: ADP NonFarm, ISM PMI, and bearish: SP PMI. Also, the big question is what Powell will say tonight.... Technically, gold is still in a bullish trend. And it may continue after a correction. Resistance levels: 2288, 2300 Support levels: 2265, 2253, 2228 Technically, the market is bullish. A retest and false breakout of one of the above areas could strengthen the price again. But, the structure may break when the channel resistance (as support) or 2228 is broken, in which case the correction will be prolonged to lower zones. Regards R. Linda!
FX:XAUUSDLong
by RLinda
4
GBPJPY → Correction on the background of a bullish trend FX:GBPJPY forms a false break of trend resistance, after which the market enters the correction phase. The technical event coincides with the fundamental one - the Central Bank starts to regulate the currency policy of Japan more strictly. Even against the background of rising interest rates in Japan, traders are still bearish. The currency pair as a whole is declining on the background of the pound sterling falling while the dollar is growing, but the Japanese Yen is standing still, but the candlestick setup on D1 hints at the soon beginning of the fall, which can strengthen the currency pair. A retest of the trend support or one of the strong levels before further growth is possible. Resistance levels: 190.5, 191.32 Support levels: 189.69, 188.82 Technically, the bullish trend may continue after the correction ends. The area of 189.7 - 188.82 may again have a bullish influence on the currency pair. Regards R. Linda!
Long
by RLinda
4
EURO - Price can bounce up from resistance area to $1.0850Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price started to trades in big flat, where it at once bounced from $1.0795 level and tried to rise. Euro failed and fell back to $1.0795 level, but soon it made upward impulse to resistance zone, breaking resistance level. Price repeated breakout of $1.0940 level two times and then fell to $1.0835 points, after which bounced up. Then price continued to decline in wedge, where EUR declined to $1.0795 level and broke it, thereby exiting from flat. But recently price bounced up from support line and rose to resistance area, exiting from wedge. Now, I think Euro can try to break resistance level, and if it does this, that EUR can rise to $1.0850 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
GOLD → The market's buying back the fall. Next up, 2300?FX:XAUUSD is still very strong. The price does not react to the news properly, only as a short-term reaction. The market is quickly buying back the decline and testing resistance. Buying potential is quite strong, the probable area of the first stop could be the zone 2300-2325. On H1, an intermediate sideways range is formed after a false breakdown of channel resistance. The price defines the lower boundary as 2228 without reaching the strong support at 2222, which indicates that the bulls are very much keeping the price away from risk zones. A retest of the resistance is formed and there is a high chance to see a false breakout or a bounce followed by a correction, which may become a consolidation phase before further growth. Resistance levels: 2265 Support levels: 2228 High interest to the metal from investors, central banks favorably affect the strengthening of the metal, besides the role of hedge asset is now more than ever manifested in the market. Gold will try to break the resistance for further growth, as there is no hint of a change in the global trend COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
FX:XAUUSDLong
by RLinda
3
GOLD → A false break of $2265 will lead to a retest of support FX:XAUUSD has been reaching 2265 since the open. The price is moving out of the ascending price channel, which indicates a strong bull market. But, there is a huge imbalance area forming below, which can be liquidated before further growth. The dollar is also strengthening and the market is waiting for bullish news on the index today. In this case it may give a small correction wave for the gold market. Moreover, there is a huge area of imbalance at 2265-2222, in which case it would be logical to expect a retest of the previously broken channel resistance or even key support before a further rise. Resistance levels: 2265 Support levels: channel resistance 2245, 2222 Technically, we can expect a correction after the rally. The trend may continue from these support zones. Regards R. Linda!
FX:XAUUSD
by RLinda
8
EURUSD → The pair is ready to continue the bearish trend FX:EURUSD is not going to change the global trend yet, continuing to break support zones with the aim of further declines on the back of the dollar index growth. The dollar index is preparing to strengthen further. The price is breaking the trend, which is generally negative for the currency pair. Today the market is waiting for PMI. In general, the data is expected to be better than in the previous period, but it is worth paying attention to the actual data in relation to the expected data. Technically, price consolidation below 1.07958 will form a bearish potential and further momentum towards 1.0700. Resistance levels: 1.08597 Support levels: 1.07958, 1.0703 The currency pair is ready to continue the trend. Consolidation of the price below this level may be the beginning of the impulse. Regards R. Linda!
Short
by RLinda
2
GBPUSD - Price can bounce up from support area to $1.2660Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Recently price entered a falling channel, where it soon declined to $1.2800 resistance level and broke it. After this, GBP tried to back up, but when it entered to resistance area, price at once bounced and continued to decline in channel. Soon, price reached support line and then bounced up to resistance level, after which turned around and fell back. Then GBP exited from falling channel and started to trades in flat, where price at once made fake breakout of $1.2600 level. Later price bounced from supprot area and rose to top part of flat, but in a short time fell back. Now, British Pound trades near this area in flat, and I think price can fall to it and then bounce up to $1.2660 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
GOLD → Previously untouched terrain. Correction or growth?FX:XAUUSD is a pioneer. The price is testing new highs in a new, previously untouched zone. High interest in the metal, rumors and crisis leads to the fact that the growth of gold outpaces the growth of the dollar. Dollar Index (D1) Breakout of resistance and news The dollar is also rising. The price of the index has been supported by regulators for an extended period of time. The price is moving into a new range. What is interesting is that against the background of USD appreciation, gold is also rising in price. But this has its own reasons: the expectation of a rate cut, according to Powell, 3 rate cuts are expected in 2024. High interest to gold as a hedge asset, as well as the huge buyout of metal by central banks, which only fuels the price to strengthen. Gold (H1). Key levels and technical situation Technically, gold is at its highs. On D1 the price is testing the exit from the existing price channel. The closing of the session on Friday indicates that the market will try to move higher. The only thing that confuses me is the price going outside the global channel on the background of distribution, the metal, from the technical point of view, has no potential to overcome this boundary from the first time. A pullback or consolidation is possible. It is worth paying attention to two price levels: 2235 and 2222. A breakthrough of the upper boundary with the subsequent consolidation of the price above this level will continue the growth. The expected target in this case could be 2250. A break of the lower level may activate the liquidation of buyers, which will form a correction to 2212, 2200 Regards R. Linda!
FX:XAUUSD
by RLinda
5
AUDUSD → Price is getting ready to break support FX:AUDUSD is forming a downtrend amid the growing dollar index. The currency pair is under pressure from sellers. Support level 0.64039 is forming on D1, which continues to hold the market. But, the buyers' urge may be broken, as the price continues to squeeze to the support and is gaining potential for this. On the background of the rising USD and weakening Aussie, the sellers have high chances. The target in this case will be the area of 0.6443 and 0.6352. Resistance levels: 0.6540 Support levels: 0.6504, 0.6443 Technically, the currency pair has a negative background and most likely the decline will continue. A break of this support will give a bearish impulse. Regards R. Linda!
Short
by RLinda
5
GOLD → Buyer imbalance within the range. Liquidation?FX:XAUUSD is testing resistance once again very slowly and gradually, protecting local support zones, below which a huge pool of liquidity is formed. What to expect from the market maker? On the background of growth and retest of the range resistance we see low volumes. The range is narrowing and technically this could indicate a willingness to break resistance. But I stick to the format that the market maker is gathering all buyers to further liquidate. The chart shows localized areas of liquidity and none of them have been tested in the last 2 weeks. The market will never let the crowd make money. A retest of the far resistance is possible before further liquidation of all buyers inside the range. Resistance levels: 2195, 2212, 2222 Support levels: 2186, 2180, 2166, 2150, 2144 Technically, there is a huge imbalance of buyers inside the range, clearly, the market maker has a "liquidate buyers" item set on the checklist. Price is still in the range, and I am still waiting for a retest of the lower liquidity areas, which for many on the current chart may seem unacceptable. Let's see TVC:DXY COMEX:GC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
34
🇬🇧 GBPUSD 🇺🇸 - Sellers' liquidation before further decline GBPUSD is preparing to test the support. The price has been forming consolidation since the opening of the session. Most likely, local resistance may be tested with the aim of liquidating sellers with further decline to the potential target of 1.28. Reasons for further decline: 1) Dollar rises on news, this is negative for GBP 2) False breakdown of 1.28 forms a potential for a decline 3) The target is the accumulation of orders below 1.25. 4) Neutral trend, range. Resistance is tested, target is support
Short
by Gold-Tech
1
GOLD → Trading inside the range. Target is support FX:XAUUSD is trading inside the range. The markmet-maker is liquidating sellers relative to the 2180-2200 area, after which it forms a false breakdown of 2195 and returns to the range again. On D1 everything is the same. The market continues to form a sideways range. There are no reasons for the price to leave 2195-2144. After testing the upper part of the range, the market still has targets below 2166, especially the area of the lower boundary of the flat, as there is a huge amount of liquidity hidden there, which is clearly of interest to traders. Consolidation below 2180 may favorably influence the price down to 2166. A break of 2166 will send the price to 2150 and 2144. Resistance levels: 2180, 2186 Support levels: 2166, 2150, 2144 Technically, the local trend is neutral. It is acceptable to trade both buying and selling. But the market has an unclosed gestalt within the range trading: liquidity area 2150-2144 TVC:DXY COMEX:GC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
12
GOLD - Price can turn around and start decline to support areaHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined to mirror line, thereby breaking $2020 support level, which coincided with support area. After this, price started to move up between this line and soon broke support level one more time. Soon, Gold declined below mirror line, but then price made upward impulse to $2155 level, breaking this line again. Next, price broke this level and started to trades in flat, where later reached mirror line one more time. But then Gold turned around and a little declined, after which a not long time ago started to move up. Now, in my mind, price can reach top part of flat and then bounce down to $2140 support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
4
GOLD → Range trading. What is the importance of the 2144 area?FX:XAUUSD is trading inside the global range, forming a small flat inside. Consolidation continues and at the moment there is no reason for the price to leave the 2195-2144 channel. On D1 and H4 we see a sideways channel, a range. The market is clearly bullish, but at the moment the price is standing still. On the left side of the chart we see local liquidity zones, which the market maker will gradually reach. But, the most interesting thing is that the main gestalt is not closed yet: the strong support at 2144 has not been tested yet, and neither has the liquidity in this zone. On H1 we see an upward movement. The target of such a move could be the 2180-2185 area, or range resistance with a subsequent decline to targets below. A standard trading situation inside the range is being formed. Resistance levels: 2186, 2180, 2195 Support levels: 2166, 2150, 2144 Within the mentioned flat, the price is trading between the zones, levels, forming consolidation. There is an important area inside the range, which has not been tested yet, hence, the market may head from the resistance to the indicated liquidity zone below COMEX:GC1! TVC:DXY COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
45
EURUSD → Resistance pressure on the bearish trend FX:EURUSD is testing the support of the range formed inside the bearish trend. There is resistance pressure in the market. Bostic ( Fed ) stated that he now expects only one interest rate cut this year, thus this comment can be read as a hawkish attitude of the regulator. Bostic is often aggressive in his comments after Powell's speech The dollar index are in a bullish phase, which has a negative impact on the euro. On H4, the price is bouncing off the support and may test the nearest resistance before further declining on the trend. Resistance levels: 1.08597, 1.08975 Support levels: 1.07958, 1.07030 Technically, against the background of bearish trend, the resistance may affect the price accordingly, which may lead to a retest of the support with a subsequent breakout and decline. Regards R. Linda!
Short
by RLinda
3