LINKUSDT............................................................................................
A-flat
GOLD → The market is warming and bullish potential is forming FOREXCOM:XAUUSD strengthens and tests the local high but fails to reach the key resistance at 2050. A strong consolidation above the 2030 level and subsequent momentum is forming.
On D1 we see the potential that the market is aiming for. On the background of weakening TVC:DXY , on the gold market bulls form a strong support area below 2030 after which within the framework of realization of the accumulated potential the market strengthens, forming a bullish impulse.
For us at the moment the area of 2034 and 0.382 fibo plays an important role. As the pre-breakout consolidation is formed in relation to the resistance, and after the false breakout of 2040 the price does not fall, but breaks the resistance, it seems that with a positive fundamental background the market may continue its growth.
But before the growth the price may finally test the support. As part of the realization, the price may reach the area of 2050 or even 2060. Closing of today's daily session will determine for us the medium-term potential for the next week.
Resistance levels: 2047.5, 2050. 2062
Support levels: 2038, 2030, 2025
It seems that the market is getting ready to test the resistance. A pullback within the range may follow. Price return to resistance will prepare the market for further growth.
Regards R. Linda!
🇺🇸 USDJPY 🇯🇵 - Current bearish trend. support breakout aheadThe currency pair continues to form a bearish trend. There are quite a lot of preconditions for further breakout. for example - breakout of 141.6 support will send the price even lower
The beginning of correction ↓:
1) Dollar weakness after the news
2) Dollar weakness strengthens the Yen
3) A retest of 141.6 support will lead to a breakout
4) There is no resistance zone below the level and the price will calmly head towards 139.0.
5) Bearish trend
GOLD → The market's violent reaction. What to expect next...FOREXCOM:XAUUSD is once again meeting strong bulls. Powell's speech influenced the price growth and a 2.8% momentum is forming. Let's see what happened and what to expect:
Most important: The rate remained unchanged. Inflation eased 0.1% to 3.1%. In fact, there was no change . Speculators liked Powell's more positive tone, which caused them to react with a rather aggressive infusion of capital into the market. But again, everyone, as well as the Federal Reserve and analysts expect the rate reduction not earlier than March 2024. Apparently, there was an internal psychological hunger on the background of long waiting for any hints or actions and as a result, we see the weakening of the TVC:DXY and the growth of gold.
Today we expect important news at 13:30 GMT. Analysts expect the data to remain unchanged.
In terms of technical analysis, Gold is testing the resistance of the previously created range of 2038. A false breakout is formed, which may lead to a small correction before further growth amid positive fundamental background. The price may test 2030, 2025, 2020. But a retest of 2038 and consolidation above the level will contribute to the strengthening of gold.
Support levels: 2030, 2025, 2020
Resistance levels: 2038, 2049
I think that before the news there will be a sideways range and consolidation, after the news the price may form a correction before further growth. But everything depends on the news.
Regards R. Linda!
GOLD - After breaks of resistance line, price can continue growHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few days ago price started to trades in flat, where it first bounced from $2000 support level to bottom part.
After this movement, Gold made a strong upward impulse back to $2000 level, broke it, exiting from flat too.
And then price corrected below and later started to grow in rising channel, where it broke $2000 again.
Later Gold exited from channel, rose to resistance line, and made a strong downward impulse lower support area.
But a not long time ago it rose back and even soon broke resistance line and now Gold trades near this line.
In my mind, price can make retest of support line and then continue to move up to $2085
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GOLD → Pending FOMC & FED. Price may fall even lower FOREXCOM:XAUUSD is in consolidation phase and it is likely to last until 19:00 GMT. The market is waiting for news and no strong movements in one or the other direction should be expected before the time.
The premise is that the dollar will strengthen:
Friday's NFP continues to be bullish for the TVC:DXY (pattern to break resistance is forming)
PPI is expected to be bullish
Overall the data over the past few days will not allow Powell to cut the rate.
Inflation is still strong to change policy.
Against this backdrop, gold may test one of the local highs: 1990, 1996, 2000 before falling further
Overall, from a technical point of view, there is still a huge buying imbalance in the gold market, the market maker can take the price much lower to balance the situation and at the moment the negative fundamental background is contributing to this.
Support levels: 1976,2
Resistance levels: 1984.3, 1990, 1996
The price continues to update the lows and this indicates the mood of the market. The fundamental background for gold is unfavorable and the decline may continue. The situation may change if today's news and its actual data are not extremely opposite to expectations
Regards R. Linda!
EURUSD → FED & FOMC Expectations. Will the situation change?FOREXCOM:EURUSD is forming consolidation in the phase of waiting for news related to inflation and US monetary policy. Based on the expected news and past data, there are a few nuances.
The TVC:DXY is leading an interesting life on 4H tf. The index is gaining a bullish stance, we can tell by the long shadows and the price pushing towards a strong resistance area that may be broken. PPI is ahead (analysts expect positive data for $) , Friday's NFP is also positive (this leverage is still in place) for DXY. And also ahead of Fed IRD - it's too early to talk about a rate cut, inflation is falling, but there is not enough potential to change Powell's views yet.
Technically, on the background of the news, I expect a retest of the mentioned resistance area of EURUSD (1.083 - 1.081) with a subsequent fall, as the dollar is supported by strong fundamentals and expectations, in which case the forex will continue its downward correction.
Support levels: 1.0756
Resistance levels: 1.083-1.081, 1.0800
The SMAs are showing the beginning of a change in sentiment as the fundamental backdrop is weakening for the euro. Based on the expected news, the dollar could rise, which would weaken the currency pair. But again, the main nuance of news is its unpredictability!
Regards R. Linda!
GOLD → Waiting for the CPI. Will the situation change much?OANDA:XAUUSD continues to fall despite the expectations of many. The price is testing the 1984 area and updated the low to 1975.89. What can happen today?
The TVC:DXY is in a local trend phase, but at the same time it is consolidating in anticipation of today's CPI and further news this week. The main gaze is directed towards FED interest rate decision, FOMC statement, Initial jobless claims.
Against the backdrop of Friday's NFP we can say that things are still not very stable and the representatives of the US economic system may still consider a tougher outlook. In this case the dollar index will continue its growth and gold will go down.
Technically, the metal is in the red zone, updating lows and testing resistances from below. The chances that the market will change the trend are not so great. Analysts expect bullish CPI, which will strengthen the dollar. Gold may fall further after a shakeout, within which it may test nearby resistances.
Support levels: 1980, 1975, 1965
Resistance levels: 1984, 1890, 1994
I expect a shakeout on the background of the news, after which the decline may continue with a high probability. The potential is on the side of the bears, their strength prevails at the moment.
Regards R. Linda!
BNB → Price is showing an interesting bullish outlook BINANCE:BNBUSDT breaks the resistance of bearish trend on the background of improving fundamental situation. For the activation of the bullish phase of the market, a few more conditions must be met.
We can see that CRYPTOCAP:TOTAL capitalization, following the COINBASE:BTCUSD growth, is also moving into a bullish trend format. BNB is falling away due to regulatory and governance issues. At the moment, the fundamental environment is improving and the price is starting to show interesting prospects.
The break of the descending wedge resistance is a strong enough signal, the price is testing the MA-50 support and the bulls are confidently consolidating their positions above the moving average. At the moment, the resistance of the current consolidation - 257.8 - is holding back the market from going bullish.
A break of this resistance will be accompanied by a surge in volumes, volatility and the formation of a bullish impulse.
Support levels: 226, MA50, 203.4
Resistance levels: 257.8
I expect a breakout of the mentioned resistance after the next retest. On the background of favorable conditions it may happen rather quickly. Targets are 336.8, 439.0.
Regards R. Linda!
GBPUSD → Weak fundamental background will weaken the poundFX:GBPUSD is set for further declines as the TVC:DXY will continue its strength on the back of Friday's NFP, which will weaken the pound sterling.
On d1 we see consolidation and retests of key liquidity areas. Since the opening of the session the market has been testing local areas and the pound is forming a small correction, most likely from the nearest resistance the decline may continue. On H4, the double top is forming a false break of the channel resistance and we understand the approximate resistance area. The bears are concentrated in the range of 1.2600 - 1.2700. On a weak negative backdrop, the pound may test the zones of interest and liquidity below 1.250 in the medium term. Within the range trading inside the ascending price channel, the emerging correction may lead us to trend support.
Resistance levels: 1.257, 1.2600, 1.2615, MA-50
Support levels: 1.250, 1.245, 1.2386
I expect the end of the correction at the nearest resistance with the subsequent price drop to these areas on the background of weak fundamental background.
Regards R. Linda!
GOLD → Strong bears have come in. price is making new lows NCDEX:GOLD after NFP is updating 2-week low and preparing to decline further as fundamentally, we notice a reversal of market sentiment.
On D1 the TVC:DXY is forming a reversal setup and another retest of the key level. Against the backdrop of positive NFP, the index could strengthen quite strongly within the medium-term outlook.
In the COMEX:GC1! market, there is still a huge market imbalance in favor of buyers, whose number began to increase since the beginning of the conflict in the Middle East.
A final break of the 1994 support and further price decline towards 1984 is expected in the near future. But before that the market may test the local highs (resistance). Moving averages indicate a strong bearish trend.
Resistance levels: 2000, 2004, 2007
Support levels: 1991, 1984, 1965
Fundamentally and technically gold is going down. There is no strong news today, but the market may test the nearest resistance to capture liquidity before falling further.
Regards R. Linda!
BTCUSD → How fast will the BITCOIN reach 50K and then what?COINBASE:BTCUSD continues to rally. At a time when many were waiting for a correction from 40K, the flagship is strengthening to the next level and preparing for a further breakout.
Fundamentally, bitcoin is backed by quite strong factors. Basically, the entire surge of interest is triggered by the influx of applications for the spot BTC-ETF. With each passing day, the market is getting signals of further strengthening fundamentals, both in terms of the underlying fundamentals and by getting closer to the date when the SEC will make a decisive move:
U.S. regulators are becoming more loyal to ETF approval
SEC and funds are moving on to key technical details in the discussion
The expected Fed rate cuts are also favorable to flagging capital inflows based on fundamental fundamentals.
capital inflows based on fundamentals. etc.
BTC is currently forming a local level of 44490 . False breakdown does not lead to a strong fall, the coin continues to form a pre-breakdown consolidation. Another retest of resistance will lead to a breakout and further growth towards the upper boundary of the range.
Based on the clusters, in BTC , an important resistance area is located around the $ 47360 level, while the 37K level is an area of significant support.
From a technical perspective, strong support is at 38K and the key resistance delimiting this range is 48.2K .
It is worth paying attention to the local resistance zone at 44500 . The price temporarily stops in front of the level, but the potential is still strong enough to continue rising. A breakout and consolidation above the level will give good bullish leverage.
Support levels: 42900, 20600
Resistance levels: 44500, 48234, 51000
Technically and fundamentally bitcoin shows excellent bullish potential. Therefore, we expect the growth to continue after the breakthrough of the mentioned level. And the approval of BTC-ETF dispute requests will give an inflow of huge potential and capital into the crypto market.
Regards R. Linda!
GOLD → NFP ahead. Will the sell-off continue? OANDA:XAUUSD continues to form a local bearish channel after updating the high to 2150 and strong sell-offs to the current area. There is still a huge imbalance in the market and the price could go even lower to settle the situation.
NFP could perfectly develop the expected scenario I have been telling you about since the sell-off.
Expect the data at 13:30 GMT. The Initial Jobless Claims report was released yesterday with positive data for the dollar. This could be a hint that NFP will hit the planned 180K , maybe more , instead of the last 150K . More bullish data relative to expected data will shake up the market. The dollar may strengthen, which will have a positive impact on gold.
Gold made a false breakout of 2038 resistance and bearish channel and continues to trade within the downside range. The target support levels are a potential target. But before the news, volatility will be very sluggish. The market is saving the potential for realization.
Support levels: 2027, 2025, 2022, 2007
Resistance levels: 2033, 2035, 2038
News can be unpredictable, try to trade carefully before the news. We are expecting a more positive NFP , a rising dollar and gold falling to the previously mentioned targets, but anything can happen
OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY
Regards R. Linda!
GOLD - Price can make correction and then bounce to $2050Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price bounced from support line and rose to $1995 support level, which coincided with support area.
In a short time price broke this level and then corrected, after which it bounced up to resistance area.
But at once Gold declined below, and then it made strong upward impulse to $2145 points, breaking $2050 level.
Later price fell to this level, broke it, and then support line too, after this Gold started to trades inside flat.
Inside flat price declined to support area, where it continues to trades to this days and I think that Gold can correct.
After correction price can start to move up to $2050 resistance level, which coincides with top part of flat.
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EURUSD → Bullish NFP figures for USD may drop EURFX:EURUSD is declining and testing the local minimum on the background of strengthening of the dollar. The price is retesting MA-200 , which only increases the chances of further decline.
Today, at 13:30 GMT we will meet the NFP data, to which the market reacts quite strongly. In general, analysts expect an improvement for the dollar, as 180K is expected relative to the previous 150K . After the publication of yesterday's Initial Jobless Claims, the reality is closer that the market could see NFP 180K , if not more, as the overall market situation is improving and the fundamentals support this.
EURUSD may react with a fall to the possible strengthening of the dollar, but before the fall the price may test a local high, for example 1.08170. Overall, the chart clearly shows the approximate potential. A false breakdown of resistance of the ascending channel opens the possibility to see a sell-off towards trend support.
Support levels: 1.0760
Resistance levels: 1.0800, 1.08170, channel resistance
In general, bullish news is expected for the US market, which may weaken the euro and the currency pair may fall. But this is news and no one knows in advance what can happen, we only try to see the scenario with a higher chance of realization
FX:EURUSD TVC:EXY TVC:DXY
Regards R. Linda!
ADAUSDT → Cup with Handle before distribution BINANCE:ADAUSDT is forming a breakout of the key pattern resistance, but we have not seen a corresponding reaction yet. The price is updating the 6-month high, but we did not wait for the distribution. Hopes are fueled by the formation of the "Cup with handle" pattern and the Golden Cross of MA200 & MA50
A reversal pattern "Cup with handle" is forming in relation to the limit resistance area at 0.3807. A false break of resistance forms a correction and consolidation near the key area, which peculiarly reminds us of the key pattern
Fundamentally, the cryptocurrency market is mainly waiting for results regarding ETF applications that the SEC is reluctant to review. Approval of applications for spot ETFs will greatly increase the inflow of funds and market capitalization
On the chart, the support at 0.3529 - 0.3500 is important for us. Within the framework of the forming pattern and correction, the price may test this area with a false breakout, which will begin to form a bullish potential, because according to statistics, the strongest movements occur after a false breakout.
Resistance levels: 0.3807, 0.3850
Support levels: 0.3529, 0.3490
I expect a support retest before distribution. A strong impulse can start after the breakout of the locational downside resistance of the pattern "Cup with handle"
CRYPTOCAP:TOTAL COINBASE:BTCUSD
Regards R. Linda!
JASMY → Consolidation may move into distribution BINANCE:JASMYUSDT is moving to the phase of realization of accumulated potential. On the background of signal from moving averages the market before resistance forms pre-breakdown consolidation. As a result - breakout of the global trend resistance.
If you pay attention to the COINBASE:BTCUSD chart, the CRYPTOCAP:TOTAL chart (Total Cryptocurrency Market Capitalization), you can see that against the background of the general crypto hype JASMY is quite inferior to the leading assets. At the moment, the coin is entering the phase of realization of the accumulated potential and against the background of a rather large gap, the coin can show a good, let's say "low start" and form a huge momentum.
At the moment our task is to wait for the price to consolidate above the previously broken channel resistance. Consolidation and forging of the bullish potential above 0.0060 will open us the opportunity to enter the market from a relatively safe position. Moving averages are supporting the market.
Support levels: 0.0060, 0.005025
Resistance levels: 0.006575, 0.00796
The market is beginning to show prerequisites for bullish dynamics. Price consolidation in the new range will give us a good potential.
Regards R. Linda!
GOLD → The bears are moving towards imbalance OANDA:XAUUSD continues to update lows, testing new zones, but at the same time, as part of the correction, the price confirms the boundaries of the forming descending price channel.
On D1 it is obvious that the decline in gold will continue, as there is still a huge imbalance at the expense of buyers. At the moment we are interested in the support area of 2022, which may be broken after another retest. In this case the decline will continue to 2009 and then to 1984.
The Dollar Index is forming a correction, but even if the decline starts, gold may not react to the dollar and will continue to move towards its targets.
On the chart we see a bearish channel, a bounce from resistance and another retest of support, the sellers are strong at the moment. At the same time the market is waiting for the news at 13:15 ADP Nonfarm EC, don't miss it, but before the news reduce the risks.
Support levels: 2022, 2010, 2007
Resistance levels: 2035
I expect the continuation of the descending channel formation, in this case, the support may be broken soon and the price will head towards the mentioned target
TVC:DXY OANDA:XAUUSD COMEX:GC1!
Regards R. Linda!
BITCOIN - After strong movement up, price can make correctionHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price reached support level, which coincided with support area, broke it, and started to rise in flat also.
After this movement, BTC corrected to support area, where it at once bounced and in a short time rose to top part of flat.
Then Bitcoin reapeted movement down and reached support line, after which it started to move up near this line.
Later price exited from flat and then rose until to one more support level, which coincided with support area.
Soon, BTC broke $41250 support level and rose higher, but a not long time ago it started to decline.
So, I think that Bitcoin can continue to decline to $41250 support level, which coincided with support area too.
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ETHEREUM - Price can continue to grow to $2330 in rising channelHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price bounced from $2000 level, which coincided with support area, but soon it around down and started to fall.
Ethereum declined below $2000 level, and then made upward impulse back, and also started to trades inside flat.
In flat price rose to $2125 level, and then started to fall to $2000 level, after which ETH bounced up and later exited from flat.
Then price started to move up in rising channel, where it rose until to resistance line of channel, breaking $2125 level.
But a few time ago, price bounced from resistance line and fell to support line of channel, where it continues to trades now.
Possibly Ethereum can correct to support line again and then bounce up to $2330
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GOLD → Global Highs Update. What's next?OANDA:XAUUSD , on the back of the residual potential from last week, is forming a rally from the opening session and testing a new global high of 2150, after which we saw the strongest sell-off.
Yesterday we looked at what could happen in gold. But no one expected an update of the highs to 2150. In any case a conglomeration of factors is important for us:
Retest of global range resistance (W1, M1) Area 2069-2070.
Huge sell-off after the retest of 2150. The market sold off all the upside.
Distribution since early November.
No potential, no energy and no volume. Update high was on no volume, on the back of hyped up price (pure market manipulation)
Most likely, after the market calms down after this burst of activity, price will start testing the 2070-2069 area. I still stick to my scenario - false breakdown and further correction.
Key level: 2069.8 - 2070.
Support levels: 2059.65, 2049,6, 2035.3
It is important to wait for the market to calm down. A calm market may show a clearer picture for further prospects. We are waiting for a correction.
Regards R. Linda!
EURUSD → A retest of support will show further potential FX:EURUSD is forming a correction phase, within which it aims to test the support of the forming range. There are key nuances that suggest a further bullish trend, but there are also those that hint at a possible medium-term decline.
The market is laying further TVC:DXY weakness amid interest rate cuts from the Fed.
EURUSD is currently in correction on the background of bullish trend. Key support area: 1.0840-1.0830. The market is likely to test this area in the format of a false breakdown, as there is a strong support zone in this area. Consolidation above this area will give a potential for buying. It is also worth paying attention to the fact that below the support is MA-200, which can also favorably affect the market recovery.
But, on D1 the market is not reacting to the previously formed false support breakout. If the price continues to form a squeeze to the support at 1.0844 - 1.0830, we should expect a breakout attempt with a phase of further decline to 1.08 - 1.07.
Support levels: 1.0844, 1.0830, 1.0777
Resistance levels: 1.08875, 1.0965
A retest of the support area will show further potential. False breakout will give the opportunity to buy, and the breakout and consolidation of the price below the area will return the price to the channel.
Regards R. Linda!
EURO - Price can fall to support level and try to break itHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price bounced from $1.0760 level, which coincided with support area, and started to fall in falling channel.
In channel, Euro made two fake breakout, first of resistance line and second of $1.0490 support level, after which it started to rise.
Then price exited from channel and started to trades in flat, where it some time traded and reached support line.
After this, Euro made strong upward impulse to $1.1020 points, thereby breaking $1.0760 level and exiting from flat.
But recently Euro made downward impulse below support line, breaking it.
In my mind, price can fall to $1.0760 level, make a little movement up, and then decline to $1.0620, breaking support level.
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