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GBPJPY BULLISH RALLYPraise Jesus❤✝ 💕4hr Analysis💕 Currently see, price still in a full on bullish trend. Price recently broke that pink zone hasn't yet retested it, but as soon as there is wick exhaustion which indicates bullish momentum best believe its full on buys!! Secondly price pulled back to 61.80% fib level and 23% fib level which indicate continuation of the trend.. Expected move to 202.873 🎉1hr and 15min🎉 While on these two time frames price already hit price reversal fib number levels, and with a wick exhaustion candle at the top on 1hr .. You can expect to see some short term bearish movement . But don't get too caught in, as that can be short pullback to continue further to the top. While on the 15min price broke a major trendline, at the top and retested with candle wick exhaustion indicating bullish trend. ADVICE ;Move with major structure, to avoid being caught up and wiped at the end of the day. Take it step by step, if its not clear wait for clear setups as am doing😊 💟Daily Analysis.💟 On the Daily chart, price is full on the bullish side, price retested a zone with wick exhaustion at the bottom indicating bullish moves all through, till 203.134.. ADVICE; Take price extremely slow move with what is presented with you. Step by step.. Above all move with wisdom in Christ
Long
by louisemwesigwa
4
NZDUSD Possible retest and continuation to the downsideThe price recently broke out of the ascending channel (4H) and went on to retest the recent swing high, creating an Equal High (EQH). It then rejected the wedge (W) and downtrend line (M) resistance convergence and continued to push downward. Currently, the price is converging with resistance and the 38.2% Fibonacci retracement level. We anticipate that the price may continue to reject this resistance area and push further to the downside. **Rationale:** ~ Wedge (W) and downtrend line (M) resistance convergence ~ Multiple rejections of resistance ~ Shallow pullback (Fib 38.2%) resistance convergence ~ Possible retest ~ Possible lower low formation **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
$SPBE has a huge potential for coming back to the fair priceI see that the recent MOEX:SPBE investors distrust slowly but surely returning to the expectations of the better future of this instrument. We are observing creation of the double bottom graph as well as of the baseline arrangement for the next two-steps raising moving. Potential is to take about 40-50% in 1 month and about 100% during next 3-6 months (depends of scenario). Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view )
RUS:SPBELong
by furoreggs
1
75: Identifying Support around €13.36 Amidst Selling PressureCurrently, we are witnessing selling pressure on the Fastned stock without significant buying interest. However, by examining historical data, we can identify a point of interest around the €13.36 level. This area has previously acted as a support zone, making it a potential accumulation point. Recent developments support this analysis. Fastned recently raised €32.9 million through the issuance of new bonds, with €12.3 million coming from existing investors extending their bond maturities. This successful fundraising indicates a growing interest and confidence from private investors in Fastned’s long-term potential. Given this backdrop, we anticipate that the €13.36 level could attract accumulation as investors recognize the company's ongoing investments in the fast-charging infrastructure for electric vehicles. As more motorists transition to electric vehicles, the demand for Fastned's services is expected to increase, potentially driving the stock's recovery. Monitor the €13.36 level closely for signs of accumulation and potential buying opportunities, considering the growing interest and financial backing Fastned is receiving.
EURONEXT:FAST
by SeventyFive-Invest
Polkadot (DOT): Setting Up for a Bullish ReversalBINANCE:DOTUSD has recently breached the $6 level, forming a bullish divergence, as indicated by the vertical lines on the chart. The exit from the 3.618 Fibonacci time zone should ideally mark the end of Wave 2, though the exact completion of Wave 2 may lie slightly outside this range. It appears that Polkadot has completed its accumulation phase and is now entering the manipulation phase, with potential for expansion to follow. Given the current situation, we are planning to place an entry at $4.85, with a stop-loss set just below the 100% Fibonacci retracement to protect against a Wave 2 invalidation. Our initial target is $9.30, aligning with the Daily Fair-Value Gap. This strategy aims to capture the potential upward movement as Polkadot transitions from accumulation to expansion. Yearly VWAP Analysis: Polkadot is currently holding the 2021 VWAP level perfectly. However, if this level is lost, the price could move down towards the 2021 VAL (Volume Area Low) at $4.55, which might provide significant support. To resume a bullish trend, Polkadot needs to reclaim the 2021 VAH (Volume Area High) at $6.80. Overcoming this level is essential for a sustained bullish move. If these levels are breached, a drop to the 2021 VAL at $4.55 is possible, where we might find strong support. Overcoming the yearly VWAP resistance is crucial for a bullish continuation. Monthly VWAP Analysis: Polkadot has lost the April VAL (Volume Area Low) and recently touched the November 2023 VWAP. Holding the November 2023 VWAP is crucial to maintaining a bullish stance, although there is potential for further downside. We anticipate a possible drop to retest the November 2023 VWAP and VAL levels to gather momentum for a bullish reversal. To turn bullish again, Polkadot needs to reclaim the current month's April VAL and VWAP levels, suggesting a stronger bullish outlook. Conclusion: If Polkadot fails to hold the November 2023 VWAP, we expect a move towards $4.82. For a bullish reversal, reclaiming the April VAL and current monthly VWAP levels is essential. Until these levels are reclaimed, we remain cautious and anticipate further downside. Our trading strategy involves entering at $4.85, with a stop-loss at $3.55. The take-profit targets are set at $7.76, $9.50, and open for further potential gains.
BINANCE:DOTUSDLong
by freeguy_by_wmc
Chainlink (LINK): Watching for Key Support LevelsAfter a strong initial rise following our entry, BIST:LINK has started to decline again, raising the possibility that Wave 2 might not be complete and could fall further. It is crucial that the price does not fall below the 61.8% retracement level around $11, which coincides with a small high-volume node. This level should ideally act as support. Falling below $11 could lead to a rapid decline towards the $7-$8 range. The RSI remains stable, suggesting that the current decline might be part of a normal corrective phase rather than a larger trend reversal. Therefore, we will keep our stop loss relatively wide to accommodate potential volatility, as we do not expect a fall below the $11 mark. If the price holds above this level, the bullish outlook remains intact. We remain cautiously optimistic about Chainlink as long as it stays above the $11 support level. Falling below this could signal a deeper correction towards $7-$8, which would be a significant bearish turn. For now, we maintain our position with a broad stop loss to manage potential volatility and are looking for another DCA bid. Yearly VWAP Analysis When examining the yearly VWAP chart for Chainlink, we notice that the 2023 VAH (Volume Area High) and the 2020 VAH have been respected well. The price has dipped into this zone three times, each time holding it effectively. The 2020 VAH and 2022 VAH are critical levels that need to be reclaimed and held to turn bullish. Reclaiming these levels is essential for a sustained upward move. There is also a possibility that the price could retest the 2020 VAH once more. It is crucial to maintain the support at around $12.18. We have been forming higher lows, indicating a generally ascending trend. This trend should not be violated by falling below the $12.18 support level. Successfully reclaiming the 2020 VAH at around $16 would be a strong bullish signal. Maintaining the $12.18 support level is crucial for continuing the ascending trend. Reclaiming and holding the 2020 VAH at $16 would confirm a bullish reversal. Maintaining higher lows suggests an overall positive outlook for Chainlink.
Long
by freeguy_by_wmc
USDCAD SELL | Idea Trading AnalysisUSCAD is moving in a descending channel, We expect the decline to continue after the dynamic resistance is retested. USDCAD is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
9
Buy Silver (XAG/USD) Triangle BreakoutThe XAG/USD OANDA:XAGUSD pair on the M15 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 29.53 Target Levels: 1st Resistance – 30.08 2nd Resistance – 30.47 Stop-Loss: To manage risk, place a stop-loss order below 29.30. This helps limit potential losses if the price falls back unexpectedly. 🔊 Support by leaving Likes & Comments Thank you.
OANDA:XAGUSDLong
by KABHI_FOREX_TRADING
1
USD INDEX DXYLast one week we have seen a serious upward rise in us dollar index based on various positive and negative events happened. the us market and dollar is being controlled by various turbulent economic and geopolitical situations. In geopolitical aspects if israel hisbullah issue may bring usa into full on war support to israel against hisbullah in lebanon then the us dollar will fall drastically like hell. on the financial end if us treasury bonds moves good and new financial policies enacted the dollar will get more boost, but we expect a retracement of usd dollar index either from 105.57 area or from 105.88 area. if both these areas are breached then gold will fly to an area of 106.40 For more updates and market new follow us. Please boost us we can reach more people.
CAPITALCOM:DXYShort
by realmillionairefx
DXY Weekly Analysis and Its Impact on Forex PairsLet's dive into today's analysis. Today, I want to share a Forex analysis with you, focusing on the DXY index. The timeframe for this analysis is weekly, but we'll also take a look at other timeframes. 🧲 Long-Term Support First, let's examine the curved trend line on the monthly timeframe, which has been significant since 2008, acting like a magnet attracting the price. This trend line is a crucial support for the dollar and has kept the overall trend of the dollar bullish for years. 🔑 Key Resistance Levels Additionally, in this timeframe, if we apply a Fibonacci extension from the previous wave, we see that the top of this wave, which corresponds to 113.7, has completed at the 1 level. If this peak is breached, we could move up to 1.618, which is 131. However, there's a significant resistance at 119.76. 📰 Interest Rates and Economic Outlook Given that the US interest rate is already high, it's unlikely to increase further beyond 5.5% as it could harm the US economy in the long term. On the other hand, inflation has reached 3.25%, nearing the 2% target. Therefore, there's no reason to raise interest rates further. If they start reducing the interest rates, we could see an uptrend in stock markets like crypto and renowned global stocks such as Apple, Microsoft, Tesla, etc. If this happens, the DXY trend will turn bearish and could potentially drop back to the 89.59 support. 📅 Weekly Timeframe Analysis In the weekly timeframe, the curved trend line is also evident, and the price is near this trend. Drawing Fibonacci from the previous wave shows that the price has bounced back from the 0.5 level, overlapping with the old support at 101.195, and has created a range box between this area and the 0.236 level at 106.723, forming since late 2022. 📈 If 106.723 is breached, we could target 113.701 and the next target at 119.76. However, due to anticipated rate cuts, I believe the USD will remain bearish and won't go beyond 113. 📉 For a decline, if 101.195 breaks and the Federal Reserve starts lowering rates, we could expect a drop to the 0.618 and 0.786 Fibonacci levels, which are 98.023 and 94.374, respectively. 🔎 RSI Indicator The RSI is ranging between 66.02 and 34.17. Given that FOMO is less powerful in the Forex market compared to crypto, if we reach either of these numbers, it might be time to take profits as the trend could weaken. 💵 Impact on EURUSD and USDCAD 🇪🇺 EUR/USD If the DXY drops, we might see the EUR/USD break the 1.1064 resistance, and even move towards 1.1205, and then target 1.16588 and 1.22423. However, 1.22423 seems distant and unrealistic given Europe's current strength. In case of a DXY increase, the EUR/USD could head towards the historical low of 0.96801 after breaking 1.05195, though it's likely to find support sooner. 🇨🇦 USD/CAD For USD/CAD, a rising DXY could push it to 1.43687 after breaking 1.38713. Conversely, if the DXY drops, the trend line might break, and after breaking 1.31457, it could move towards 1.20374. 📝 Conclusion In summary, the DXY index is at a critical juncture with significant supports and resistances on both the monthly and weekly timeframes. Anticipated changes in US interest rates could significantly impact its trend. While the USD may see some strength in the short term, a long-term bearish trend seems likely, particularly if interest rates begin to decrease. This will, in turn, affect major Forex pairs like EUR/USD and USD/CAD, with potential bullish moves in EUR/USD and bearish moves in USD/CAD depending on the DXY's movement. Always remember to conduct thorough research and apply sound risk management in your trading strategies.
TVC:DXYShort
by itsparham96
4
Fundamental Market Analysis for June 24, 2024 GBPUSDThe Pound-Dollar pair starts the new week on a subdued note and remains within striking distance of the lowest level since mid-May reached on Friday. Spot prices are currently trading around 1.2635, with bears waiting for a sustained break and consolidation below the 100-day simple moving average (SMA) before positioning for a continuation of the recent pullback from the multi-month peak. The British Pound (GBP) continues to be threatened by last week's pause by the Bank of England (BoE), which raised the stakes for an interest rate cut at its August monetary policy meeting. To add to this, the UK flash PMI indices released on Friday showed that private sector business activity in June grew at its slowest pace since November last year. This, along with some subsequent US Dollar (USD) buying, proved to be another factor weighing on the GBP/USD pair. Market participants are still considering the possibility of two interest rate cuts by the Fed in 2024 amid signs of easing inflationary pressures in the US. This could curb further dollar strength and limit the GBP/USD pair's decline. Traders may also refrain from aggressive directional bets ahead of the UK general election on July 4 and in the absence of any market-important macroeconomic data released on Monday. Trading recommendation: Trade in the channel 1.2620-1.2680 on the rebound from the levels.
by Fresh-Forexcast2004
3 Reasons Why Bitcoin Will Bounce At The Current LevelCRYPTOCAP:BTC has been in a moderate downtrend for the last few days. During that time, the crypto sentiment changed massively. Social media is jam-packed with doom posts forecasting a massive dump. While there's a chance to see lower levels, the opposite is much more likely. Here are three data-based reasons why: 1️⃣ The upper boundary of the bull flag (see chart below) has served as a proper support line. Just two days ago, Bitcoin bounced again at that support. Additionally, we have an even stronger support line sitting at ~62.5. Therefore, even if the bull flag support breaks, you can expect a bounce from the support below. 2️⃣ The overall market is super oversold and ready for a turnaround. You can see that in many of my previous posts. The entire altcoin market is extremely oversold. Consequently, a bounce is getting more likely every day. 3️⃣ Volume has been constantly decreasing BTC trade volume has been constantly decreasing during its downtrend. This can be interpreted as fading sell pressure that is likely to result in a massive volume spike. One word of caution: A break of the 62k level invalidates the above arguments and signals a bearish continuation.
BINANCE:BTCUSDLong
by ben_walther
ASX:OFX – A Rare Gem with Perfect Piotroski Score and Breakout PFundamentals : OFX Group, listed on the ASX under the ticker OFX, presents a compelling investment opportunity this week. The company boasts a perfect Piotroski F-Score of 9, an exceptionally rare achievement that underscores its financial strength and operational efficiency. Currently trading at its fair value, OFX has turned profitable over the last 12 months and is poised for continued profitability this year. ASX:OFX ASX:OFX Technicals : From a technical standpoint, OFX has achieved a significant 52-week breakout, further enhancing its investment appeal. The stock has formed a rounding bottom pattern, a classic technical signal indicating the potential for a strong upward movement. Analysts project a potential upside of 30%, making this a promising candidate for growth. A potential Setup: • Entry: Current Market Price • Stop Loss: $2.00 • Potential Upside: $2.90F
OLong
by hrishikeshrahalkar
BTC at crucial support - will uptrend continue ? BTC has always dictated how the market as a whole in the crypto space behaves and there is fear and indecision regarding the price of BTC, We can see that price has fallen to a crucial support level and despite being healthy movement we need to maintain the 64 K level to continue the Higher Lows and Higher Highs that upward market momentum requires. I will be looking at this area for the day and trying to decide if and where to enter the market, This may be the spot to go long and aim high, which is secretly my bias, I do enjoy a higher high and a higher low. I will be trying to gain some confirmation on taking up a position at this level and will be adding to this idea as the day(s) go by and there is relevant info to catalog
CRYPTO:BTCUSDLong
by dasBoot