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USDJPY → Ascending triangle will provide bullish momentum FX:USDJPY is strengthening on the background of the dollar indices growth. The currency pair continues to form a bullish price channel and in addition forms a pattern, which may form a bullish impulse in the near future. On the chart I have marked an ascending price channel, its structure plays a key role in the current pricing of the forex currency pair. An ascending triangle was formed relative to the level of 147.800. The set-up of this triangle can be explained as a provocation of buyers relative to the limit resistance level put up by the market maker or big sellers. The market continues to pressure this area. The very figure of ascending triangle was formed in the moment of local correction of dollar index. In the near term, I expect another retest of 147.816 followed by a breakout of resistance. Support levels: 147.00, 146.150 Resistance levels: 147.816 I expect a breakout of this resistance with the subsequent formation of a medium-term upward movement to 150.00. Regards R. Linda!
Long
by RLinda
12
🥇GOLD - Price tends to move higher, but there's news ahead...Gold broke the strong resistance area of 1928.5 earlier, now the price is aiming for the next resistance ahead of the release of important news. TA on the high timeframe: 1) FOMC is not going to raise rates this time. I think the data release could have a big impact on metal pricing 2) In the long term, there is a chance that the price will start its decline, as the gold market is still under pressure from the negative fundamental background. TA on the low timeframe: 1) Price in the 1938 - 1928 range. The upper boundary has not been tested yet. Above 1938 a liquidity area has formed, which the market is interested in 2) Most likely the price can test both 1938 and 1948, but the FOMC and Federal Reserve data will determine further targets for both the dollar and gold. 3) It is difficult to decide the future direction in advance, so I recommend not trading before the news is released Key support📉: 1928 Key resistance📈: 1938
OANDA:XAUUSD
by Gold-Tech
16
🥇GOLD - The global correction in the form of a ↘︎ may be overGOLD when breaking through the trend resistance on the D1 and W1 chart enters the phase of realization of the accumulated potential. The liquidity area interesting for the market is around 1930 and around 1950. The lower area is tested and the upper area gets the "liquid" accolade TA on the high timeframe: 1) Bearish trend resistance breakout 2) The market forms an impulse 3) The liquidity area of 1930 pushes the price away TA on the low timeframe: 1) Breakout of sideways range resistance 2) Market acquires a formal support line. The area is still weak and the market may test nearby support before further gains 3) Local trend is changing. Key support📉: 1930, 1928.5 Key resistance📈: 1948
OANDA:XAUUSDLong
by Gold-Tech
4
💱EURUSD - Resistance retest amid DXY growth haltEURUSD is still within a downtrend. On D1 we see the beginning of a reaction to a strong support line. There is a chance that on H1 price could break resistance TA on the high timeframe: 1) if we pay attention to XAUUSD, gold is rising on the background of DXY growth stop. If the latter starts an active decline (news this week), eurusd will give a bullish impulse to 1.08023 2) Against the background of support retest at 1.0635 we see the beginning of correction TA on the low timeframe: 1) Price does not reach trend support as a strong liquid area below 1.0635 (limit support level) is formed, which pushes price away 2) A retest of trend resistance is forming. On a bounce off strong support, price could quite possibly break this area. 3) An impulse to 1.08023 could form on a break of resistance, but if the breakout is false price will form a rebound to support Key resistance📈: 1.0707, channel resistance Key support📉: 1.0635
Long
by Gold-Tech
6
🥇GOLD - False breakdown forms a double top Gold on Friday forms a false breakdown of flat resistance (indicated on the chart). On Monday, the market forms a retest of the upper boundary and forms a false breakout again. TA on the high timeframe: 1) The market is still continuing to form a bearish trend 2) A retest of the liquidity area forms a false breakout, indicating buyer weakness at the moment. TA on the low timeframe: 1) Consolidation under resistance is forming. The market is preparing to fall 2) Within the flat we have the following targets: 1916.7 and 1907.6, which can be reached in the near future 3) Ahead is the local support at 1922 which may push the price away. At this point, the market may retest the resistance 4) We care about the dollar's reaction to the news. If the dollar starts to rise and overcomes the resistance, gold will head towards 1900. Key resistance📈: 1928.5 Key support📉: 1922, 1916 and 1907
OANDA:XAUUSDShort
by Gold-Tech
15
💱USDCAD - The market is testing the limit support area USDCAD is forming a retest of the key support area. The correction phase is quite deep and amounts to almost 1.5% of the price. Most likely, as long as the market is standing still, including the dollar, the currency pair can form a false breakdown of the liquidity area TA on the drawdown timeframe: 1) support retest, we have 5 confirmations. The level was resistance earlier, now it plays the role of support - a strong formation. 2) Flat formation TA on the low timeframe: 1) A flat, both local and global, is being formed 2) Retest of the support at 1.34970 may form a false breakout with further strengthening. 3) BUT! Judging by D1, bears are pressing the market hard. There is a chance of breakout and fall 4) Consolidation either below or above the level will form the entry point. Key support📉: 1.34970 Key resistance📈: 1.35668
Long
by Gold-Tech
9
GOLD → Another false breakout on resistance retest OANDA:XAUUSD is weakening after a resistance retest that ends in a false resistance breakout. Yesterday, in Sunday's XAU idea, I talked about prioritizing a further drop as the dollar is poised to rise further and gold forms a false break of trend resistance Price is back under a strong descending resistance line. Consolidation below this line will form a strong bearish potential. The TVC:DXY forms a retest of 105.00, a fairly strong resistance that holds the price for a long time. This week there are many key news that will affect the market pricing and the $ value, which will give us a medium term outlook for both forex and gold. At the moment I expect a further decline in the price. The first important target is 1916.7, then 1903.8. The second option is important if the fundamental background does not change its direction. Resistance levels: 1928, 1926 Support levels: 1916, 1903 The market is testing the resistance for a breakout, but it is not ready yet, as the fundamental background for gold is still on the side of the bears OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
34
GOLD → The certainty of a strong market or the trap of MM?OANDA:XAUUSD is strengthening at the end of the week and closed above Monday's open. BUT! The dollar is also strengthening and on the chart we see several key elements forming and an important zone that can give us strong signals. In the coming week, the following news is worth paying attention to: 09.19 CPI (YoY) EUR 09.20 CPI (YoY) USD FOMC FED 09.21 Initial Jobless Claims FED 09.22 S&P Global Services PMI It is worth paying attention to the W1 dollar chart and the XAU 1D. A bearish wedge is forming on the chart, but a large candle was formed on Friday, within which gold has little chance of breaking through this area yes and in tandem with a rising dollar. There is a high chance of a correction beginning as we see a false break of a strong resistance zone on the hourly timeframe. The price is forming a fljt 1928 - 1903. The upper boundary is being tested and at the same time price is forming a false breakdown of a key liquidity and resistance area and most likely we may see a correction to 1916 or even 1903 on Monday. BUT! If the dollar, which is giving a strong signal to break resistance, fails to go up and starts a correction, then gold may well be able to break the above upper zone and start rising towards 1950, as the price is now looking more correct than expected on the back of TVC:DXY strengthening. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
20
Bitcoin - Pump to 31k soon! (Diamond pattern) Bitcoin crashed to 25k recently, but a huge pump followed immediately after a false breakout of the head and shoulders pattern. Bitcoin was heading down to continue in the downtrend to 21k, but a huge buyer suddenly appeared and sent bitcoin to the upside. Is this a strong reversal pattern? I think so! It looks like Bitcoin is refusing to go lower, which is great news and that's why we need to react to the recent price action and open a long position on futures or buy Bitcoin! It's always extremely important to do an analysis with the Elliott Wave theory to predict future prices. In Bitcoin's case, we have a triple three (WXYXZ) corrective pattern, which you can see on the chart. It's a sign of strength, and this should send Bitcoin to 31K later this year! The diamond pattern looks really interesting; as you can see, the right shoulder and left shoulder are made of parallel channels. The right shoulder is not formed yet, but we will get there. I have to be bullish on Bitcoin as the bulls stepped in, and to make more money, we want to speculate on the price increase until January. I believe October, November, and December will be extremely bullish for the price of Bitcoin! Is this the bottom of Bitcoin? And will Bitcoin continue to rise to 40k and therefore to a new all-time high? This question will be revealed in my next analysis, so make sure you subscribe / follow! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
217
RUNEUSDT → A retest of resistance could break the line BINANCE:RUNEUSDT gives us new prerequisites for further strengthening of the price. Another resistance retest is forming, which can break this zone on the background of local BINANCE:BTCUSD growth Several key elements are marked on the chart. The descending wedge, resistance retest, pre-breakout consolidation - all this can be regarded as a complex signal for a breakout of resistance. On the background of bitcoin's local strengthening, which occurs after breaking out of resistance, this could date a chance for RUNE and in such a case, the price when breaking through the indicated line could head towards 3.04 and give us almost 60% net move. The moving averages formed a strong signal a few days ago, which could be confirmed soon when the price breaks the upper boundary of the range Support levels: 1.722, 1.433 Resistance levels: upper boundary of the wedge, 1.942, 2.015. I expect that on the background of the next retest of the trend resistance the price may break it and start an active phase of strengthening towards 3.040 Regards R. Linda!
Long
by RLinda
13
GOLD → It's a tricky situation. High chance to FB ↘︎OANDA:XAUUSD is moving out of the downside range, but at the same time the DXY reverses and forms a retest of 105.00. The DXY fundamentals are better and there is a higher probability of further dollar gains than gold Note the small chart below (Dollar Index). An important level is marked and we see the price retesting the resistance within one week - a high chance for a breakout and further gains. Gold thus goes beyond the resistance, a correction is formed and if the price does not show a bullish impulse relative to the level of 1916, then we should expect gold to return to the boundaries of the descending range, which will be a false breakout. In this case, the cost of the metal will start to decline again. The market will pick up this maneuver and due to the received liquidity at the false breakout the price may show a strong bearish impulse. But! there is a possibility of a breakout. For this price needs to strengthen above 1916 and above 1919, only then gold can go to 1928. Support levels: 1916.7 Resistance levels: 1919.6 In priority I expect a false breakout of the channel resistance on H1 with the subsequent decline on the background of the dollar strengthening. But there is also a probability of confirmation of resistance breakout with further growth. We follow the price reaction to the mentioned zones. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
21
GOLD → Market declines in steps - a strong hint OANDA:XAUUSD is moving in steps, gradually updating local lows, which speaks about the current trend. After another resistance retest, which failed, the price returns to the support and under the market pressure breaks the line On the senior timeframe a sideways range is formed and the price is approaching the decisive support, a rebound before the breakout may follow. On the local timeframe we see the breakout of another support line and the price decline to 1905 (at the time of writing the review). Most likely, gold seeks to test the liquidity area below the key low of 1903.8. (False breakout is possible). From this area the market is likely to form a correction to 1908 or to 1912 with the subsequent decline on the background of the downtrend and reaching again 1903 or even to 1889 in the medium term. TVC:DXY does not give preconditions to fall yet and may continue its growth, for which XAU is preparing. Support levels: 1903.8 Resistance levels: 1908.4, 1912.8 I expect a retest of support, but the market will not break this level at the first time, but will form a rebound before a further fall. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
23
EURUSD → The market is forming limit resistanceFX:EURUSD is testing the resistance of the current trend channel, but cannot break this area. While the TVC:DXY is correcting, the currency pair is forming consolidation The dollar index is declining after the retest of 105.00, most likely the area of 104.00 will give a new impulse, therefore, the forex market will give a corresponding reaction. If the dollar strengthens, the euro will weaken. At the moment we see a retest of trend resistance, the market is forming a limit resistance area at 1.0765 and pushing the price away. The bears are showing their strength at the moment. An important support before the momentum formation is 1.0705, if this line is broken, the market may give a strong impulse. Resistance levels: 1.0765, upper boundary of the channel Support levels: 1.0705 I expect the currency pair to continue to decline, but if the dollar index breaks 104 and heads towards 103, eurusd may try to break the resistance. Regards R. Linda!
Short
by RLinda
11
GBPUSD → Countertrend correction before the fallFX:GBPUSD is forming a local reversal setup, while the dollar, from the opening of the session, is starting to form a correction On the chart below, I pointed out the "double bottom" pattern, which has overcome the base of the pattern. The important level for us is 1.2511. If the bulls hold this area, the price may strengthen to 1.26065. The dollar index has been forming a decline and correction since the opening of the session, which appropriately affects the GBP. But again, we see only local movements, it is not worth talking about a global change of trend now, as everything remains the same. The dollar index has a strong bullish trend, while GBPUSD is changing from an uptrend to a downtrend. The price may soon test MA-50, then MA-200, which may form a false breakout of resistance. Support levels: 1.24868, 1.23725 Resistance levels: 1.26065 I expect a correction to the nearest resistance before a further fall. Regards R. Linda!
Short
by RLinda
6
BTCUSD → False breakout of a strong support area BITSTAMP:BTCUSD demonstrates the formation of a sideways flat within the framework of fundamental instability and global uptrend On the chart we see an ascending channel and the formation of a fairly wide sideways range with a width of $6,000. On the W1 timeframe I have outlined a strong support line, which in turn has multiple confirmations of its presence. The flagman is now forming a reaction after a false break of the 25401 support (which I mentioned). We see a strong strengthening to the resistance 26700. And this resistance level separates us from the classic flat price growth. It turns out that at the moment the price is squeezed between 26700-25400 and a breakout of one of these borders can form an impulse in one direction or another. The fundamental part of the cryptocurrency market is mainly waiting for some key data from the US Federal Reserve or data from the SEC, but so far everything is still unclear. Support levels: 25401, 24900 Resistance levels: 26700 I expect a retest of 26700 in the near future. I would like to see a breakout of this line as we have a strong accumulation, but at the moment the market is weak. We have to watch the price reaction to these zones. BITSTAMP:BTCUSD BINANCE:BTCUSDT TVC:DXY CRYPTOCAP:TOTAL CME:BTC1! Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
16
🥇GOLD - Retest of resistance before further decline Gold breaks down and updates the local minimum within the descending price channel. The global trend after the correction continues. TA on the high timeframe: 1) Breakout of local support at 1916 confirms our action and market sentiment 2) The market is in a global downtrend. We should pay attention to strong resistance levels for further sales TA on the low timeframe: 1) Price forms a new low at 1907 2) counter-trend correction is forming from 1907. The market may soon test the previously broken support line at 1916.7 3) Since the trend is downward, this level will be ideal for further selling. 4) It is also worth paying attention to the support at 1907. If this line is broken, the market will also go down. Key resistance📈: 1916.7 Key support📉: 1907, 1903
OANDA:XAUUSDShort
by Gold-Tech
14
GOLD → The trend formation continues. Support retest OANDA:XAUUSD failed to break the resistance of the local descending channel on H1 as the price is trapped inside the global bearish trend on D1. The TVC:DXY correction is failing to yield much as gold is also weakening On yesterday's decline the market is forming a local support level at 1908.4. From the opening of the new session we see a retest of this area without any strong counter-trend pullback. It is clear that the bears are strong at the moment, as evidenced by the futures volumes. The market is in a downtrend, earlier there was a retest of 1916.7, the next target may be the support area (liquidity area) 1903, but from this area, as 1903 is a strong enough support area, a rebound may follow and form a flat or consolidation before a further maneuver. Within the flat, the price may reach resistance. Support levels: 1908. 1903 Resistance levels: 1916, trend line I expect a retest of 1908 with a subsequent breakout and testing of 1903. From 1903 a rebound to local resistance is possible before further fall. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
25
🥇GOLD - continuation of the fall after the support break Gold is forming global and local trends in one direction - downward. After rebounding from the current resistance, the price forms a retest of the support. TA on the high timeframe: 1) Moving averages in a fairly wide range indicate to us the formation of a downward movement 2) A bearish trend is forming within the descending channel 3) The liquidity area on the support side has not been reached yet, after a small pullback the target will be reached TA on the low timeframe: 1) The actual pattern is a descending price channel, which has been forming since the end of August 2) At the moment the price is flat, the key support of the pattern is the area of 1916. 3) A retest is being formed, we are waiting for pre-breakdown consolidation with further possibility of support breakout and decline to 1903. Key resistance📈: 1926.100 Key support📉: 1916.775
OANDA:XAUUSDShort
by Gold-Tech
14
💱EURUSD - Downtrend pressureEURUSD is preparing for further decline. After the resistance retest, the price declines again and performs a pre-breakdown retest of the support at 1.0707 TA on the high timeframe: 1) Strong downtrend 2) The liquidity area on the support side will not withstand another retest. Buyers are weak 3) Medium-term target is 1.06350 TA on low timeframe: 1) A resistance retest will force the price to bounce downwards 2) The market is still unable to break the trend resistance and make a new high. 3) A break of 1.0707 support is expected in the long term with a further decline to 1.0635. Key support📉: 1.0707 Key resistance📈: 1.0759
Short
by Gold-Tech
9
GOLD → Bearish leverage continues to drive the market OANDA:XAUUSD is retesting the resistance of the newly formed descending price channel. A rebound and a retest of the 7-day flat support is formed In the near future, the price may test the flat support at 1916.7 and form a rebound. The rebound may be small, for example, to 1924 to retest the trend resistance. After that the price may continue its fall, breaking the marked support. Globally, the price is in a downtrend. A symmetrical triangle is clearly formed on the d1 chart and we have fundamental prerequisites that the price may break the support at 1902 and head far down. The local situation is simpler. Since the local trend intraday can change several times, our task is to look for key levels to find a good opportunity to open trades Support levels: 1916.7 Resistance levels: 1924 The medium-term outlook is bearish. Most likely, gold may update both local and global minimums on the background of strong strengthening of the dollar ( TVC:DXY ). Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
22
GOLD → Resistance retest in correction phaseOANDA:XAUUSD is strengthening on Monday and is testing flat resistance with a false breakdown. Consolidation below 1928 is forming. The growth of gold is based on the fall of the dollar index before reaching a strong resistance On the chart, we see a flat formation after breaking the ascending channel support. Yesterday I pointed out that the TVC:DXY is in a strong bullish trend, but since the price is near strong resistance, a bounce down may follow before further gains, which is what we are actually seeing. As far as XAU is concerned, I am waiting for a fall after a false breakdown of resistance. Before the fall we are held back by the level of 1926. The target in this case will be the support at 1916 BUT, if the dollar continues to fall, gold will break 1928, and will reach 1939, also the price can test MA-200. On the global timeframe the preconditions for further fall are developing. Support levels: 1926, 1916 Resistance levels: 1928 I expect gold to decline in priority, but it should be understood that the scenario may break down based on external factors. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
21
GBPCAD → £ is weakening. Currency pair breaks support FX:GBPCAD breaks trend support and breaks flat support on the background of weakening pound sterling. A retest of the strong support area is formed. The main currency of the UK is also declining to a 3-month low The price breaks the support of the ascending price channel and forms an impulse. The market is forming an attempt to change the trend. In the near future the price may form a trend correction to the nearest resistance levels before further falling. The backdrop of the strengthening dollar is strongly affecting the entire forex market. DXY continues to update global highs, which provokes the weakening of world currencies. The level of 1.70345 and 1.7060 plays an important role for us. A retest of these areas could send the price far down. The moving averages are changing direction. Support levels: 1.70345 Resistance levels: 1.7087 I expect the fall to continue after a slight consolidation under the uptrend support. Regards R. Linda!
Short
by RLinda
12
🥇 GOLD - False breakdown in a bear market Gold continues to trade within the bearish channel. A retest of the resistance area is being formed, against the background of the bearish trend there is a high chance of further decline TA on the high timeframe 1) Downward price channel 2) false breakout 3) Current trend is bearish 4) no update of highs, the price tends downward TA on the low timeframe: 1) Retest of support area, if price fails to break 1930, further decline will begin 2) Gold is forming a flat. False break of flat resistance is a strong signal 3) A fall to 1916 is possible, a small bounce before a further impulse that could hit the target 1903. Key support: 1916 Key resistance: 1926
OANDA:XAUUSDShort
by Gold-Tech
2