USDCHF Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.86800 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.86900 support and resistance zone.
Trade safe, Joe.
Buy
Latest GBPUSD update todayGBP/USD recently saw an uptick in the previous session, trading around 1.2940 in Wednesday’s session.
The pair has since lost ground as the U.S. dollar strengthened, buoyed by increased trading activity linked to Trump, with Republican candidate Donald Trump gaining support in the U.S. presidential election.
AUDUSD Will Go Up! Long!
Please, check our technical outlook for AUDUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.664.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.668 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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XRPUSDT Breaks Downtrend, Bullish Momentum BuildsXRPUSDT has successfully broken out of its downtrend and is now moving upward at a rapid pace.
Currently, XRPUSDT is up by more than 3.6% on the day, confirming a new support level as marked on the chart. With signals from the EMA 34 and 89, XRPUSDT is gaining bullish momentum fueled by positive market sentiment. The confluence of the EMA levels with this support area is shaping up to be an ideal entry point.
Consider entering a position wisely, and be sure to set your take-profit and stop-loss levels!
BTCUSDT Trading Strategy TodayBTCUSD is trading around 75,838 USD, showing strong upward momentum with potential for further gains. The chart highlights two critical support zones: Support 1 around 74,000 USD and Support 2 near 72,400 USD.
If BTCUSD experiences a pullback, these support levels could act as launching points for another upward move. Holding above Support 1 would strengthen the bullish outlook, targeting the resistance around 76,700 USD and potentially higher.
EURUSD Analysis: Potential Bearish Reversal AheadEURUSD is currently trading around 1.078, moving within an upward channel. However, recent price action suggests a possible trend reversal. The chart shows signs of weakening momentum, and a break below the channel could lead to a further decline.
If the price breaks the lower trendline support, it could open the path toward 1.073 and potentially lower levels. Traders should watch for confirmation of a breakout below the support level, as this could signal a shift to a bearish trend.
For now, the bias leans bearish, with caution advised on potential entry points near the channel's lower boundary.
SOLUSDT: Bullish Breakout Signals Further GainsSOLUSDT has broken out from an inverse head-and-shoulders pattern, trading around 187.59 USDT. This breakout above the 180 USDT support hints at a potential climb toward 210 USDT.
With strong momentum and supportive moving averages below, SOLUSDT is set for a bullish run. Watch for a steady hold above 180 USDT to confirm further upside.
GOLD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
Bullish trend on GOLD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 2,788.663.
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Google: Buying TimeGoogle is positioned for sustained growth, making it an attractive investment opportunity in the coming months. With the 2024 Q3 earnings approaching and timely announcements expected, their data strategies and strong global presence provides a promising outcome.
- Q3 2024 Earnings - October 21, 2024
- Q4 2024 Earnings - February 3, 2025
As a testament to it's nature, even in daily routines, I still find myself watching YouTube during meals. Goodluck.
$167.00 NASDAQ:GOOGL
A 14% drop in $VKTX and I might still win. Here's why! NASDAQ:VKTX
A 14% drop in NASDAQ:VKTX and I might still win. Here's why!
In this video analysis update on my position in NASDAQ:VKTX , we will discuss why I didn't sell after the 14% pullback and why it's important not to sell based on price movement! Enjoy.
Have you ever sold a stock and right after it flew to the upside?
EURUSD’s Decline Pauses, Testing Key LevelsEURUSD has temporarily halted its heavy downward momentum as Thursday’s session begins, stabilizing around 1.073 and confirming a new low.
Currently, a recovery is underway to adjust the trend and test the EMA 34 and 89 lines, aligning with the Fibonacci levels at 0.5 - 0.618.
Despite this pullback, strong selling pressure remains due to the USD gaining an advantage as it regains its footing in the market.
Considering these technical factors, I still favor a sell strategy. What about you?
USDJPY : Buy or Sell ? USDJPY is currently trading around 152.68, approaching a crucial support zone (highlighted in green). If this support holds, we could see a rebound towards the resistance level around 153.50 (marked in red).
The chart suggests a potential bullish reversal from the support area, targeting the resistance as the next level of interest. A successful bounce could set up a bullish continuation, while a failure to hold above support might lead to further downside pressure.
USDJPY Analysis: Potential Retracement Amid USD StrengthUSDJPY recently broke out of a descending channel and surged to 153.77, but is now showing signs of a potential pullback. The price action suggests a possible retracement towards the highlighted support zone around 153.20 - 152.50.
This movement is also influenced by the recent strength of the USD, driven by positive economic data and Federal Reserve signals on potential rate hikes. If this support holds, we may see a bounce back towards the recent highs, offering a buying opportunity
SOLUSDT todaySOLUSDT is currently trading at 184.26 USDT after a strong rally that broke through a significant resistance level. This surge indicates solid buying momentum as SOL pushes past resistance and continues upward.
Following the breakout, the previous resistance around 166 USDT may now act as support. This is a level where buying interest could emerge if there’s a short-term pullback.
The next resistance zone to watch is between 188 and 190 USDT. If SOL maintains its momentum and breaks through this range, it could potentially reach higher levels, aiming towards the 200 USDT mark.
Update the latest gold price today. Today, gold prices rebounded, climbing over $48.4 to reach $2,708.8 per ounce. This rally, a gain of more than 1%, was fueled by a weaker U.S. dollar and the anticipated 0.25% rate cut announced by the Federal Reserve on Thursday.
Currently, the market is pricing in the possibility of another 25 basis-point cut in December. However, if former President Trump returns to office, future rate cuts might face hurdles. Concerns over rising prices and persistent inflation could compel the Fed to keep a restrictive monetary policy longer than desired.
This outlook poses a challenge for gold. If inflation worries prevent the Fed from lowering rates, prolonged high-interest rates would diminish gold's appeal compared to interest-bearing assets, adding downward pressure on its price.
GBPUSD Market Update: Key Influences and Chart AnalysisToday, GBPUSD is hovering around 1.293 as it attempts to stabilize after recent volatility. The pair has been facing downward pressure due to ongoing uncertainty around the UK’s economic outlook and the strength of the USD.
The chart suggests that GBPUSD recently encountered resistance in the 1.2978 zone, with multiple rejections, signaling a strong selling pressure around this level. After testing this resistance, the pair is now trending downward, breaking through the sideways range, indicating potential further declines.
Technical indicators, including the EMA levels shown on the chart, suggest a bearish outlook. The projected path illustrates a corrective bounce but ultimately points to a continuation of the downward trend, with a possible support target around 1.2850 or lower if selling pressure persists.
Given these signals, traders should monitor key news events that could impact the USD and GBP sentiment, such as upcoming U.S. and UK economic releases. A cautious approach may favor short positions, aligning with the bearish indicators on the chart.
GBPUSD Is Going Up! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.290.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.295 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
DXY Will Go Up From Support! Buy!
Here is our detailed technical review for DXY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 104.427.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 105.268 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EUR/AUD BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/AUD is trending up which is evident from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a beautiful trend following opportunity for a long trade from the support line below towards the supply level of 1.639.
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ETH Eyes $3,000: Bullish Breakout Signals More Gains AheadBINANCE:ETHUSDT has recently broken out of a descending channel, surging above the 2,900 USDT level. This breakout suggests a strong bullish momentum, with the price now targeting higher resistance levels.
The next key area to watch is the support zone around 2,800 USDT (highlighted in purple). If ETH pulls back and successfully retests this zone, it could confirm the breakout and set the stage for another upward move, possibly toward the 3,000 USDT mark or higher.
This setup indicates a bullish outlook for ETH, with the support level at 2,800 USDT acting as a potential entry point for traders looking to capitalize on the next leg up.
XRPUSDT: Consolidation and Potential Breakout SetupXRPUSDT is currently trading around 0.5475 USDT, facing downward pressure from a long-term descending trendline. The price has tested this trendline several times, indicating a strong resistance level that has yet to be broken.
A support zone (highlighted in blue) around the 0.5328 level has held strong, suggesting a consolidation phase within this range. If XRP can maintain support and consolidate further, a breakout above the trendline could set the stage for a bullish move, potentially targeting 0.60 USDT or higher.
However, if the price fails to hold the support zone, we may see a pullback to lower levels. Traders should watch for a clear breakout from this descending resistance or a confirmed hold of the support to determine the next move.