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XRPUSDT : SELL ? The chart for XRP/USDT shows that the price recently tested a strong resistance zone around $0.55 to $0.64 but failed to break above it, resulting in a pullback. Currently, the price is trading near $0.5375, hovering just above a key support level. A breakdown from this level could see the price declining towards the $0.43 zone, as indicated by the downward projection. This would represent a bearish move following the failure to sustain gains above the trendline and resistance zone. Conversely, if the price manages to bounce back from the support region, it could attempt another rally to retest the resistance, but further upside momentum would depend on breaking through this critical level. Traders should keep an eye on these key zones: $0.4338 as support and $0.5574-$0.5580 as resistance, to gauge potential moves in the near future.
by Suyouu
4
Gold Hits Record High Amid Global UncertaintyGold extended its rally today, driven by heightened demand for safe-haven assets amid U.S. election uncertainties and ongoing conflict in the Middle East, pushing prices above $2,700 per ounce. By the close of trading on October 17th, spot gold surged 180 pips to $2,692 per ounce, marking a new record high with further upward momentum expected. Since the beginning of the year, gold has gained over 30%, repeatedly setting new peaks. This rise is mainly attributed to geopolitical instability and the likelihood that the U.S. Federal Reserve will continue lowering interest rates. Meanwhile, Israel announced the elimination of Hamas leader Yahya Sinwar during an operation in southern Gaza. During U.S. trading, gold saw a brief pullback after retail sales data showed a slight increase in September, and U.S. jobless claims unexpectedly fell last week. However, the overall trend remains strong as global economies continue to lower interest rates, supporting gold prices.
OANDA:XAUUSDLong
by Pierce_Bowers
What changes in gold price today ?Gold is currently trading around $2,649 USD, showing little movement compared to the same time during yesterday’s session. Looking ahead, there’s a possibility that gold could drop to the $2,600 USD/ounce level. However, the safe-haven demand, fueled by concerns over geopolitical tensions in the Middle East, is likely to help gold regain its strength quickly. In the short term, gold may continue its consolidation phase, much like the past few weeks, as it navigates between Middle Eastern conflict and the Federal Reserve’s monetary easing policies. On a more optimistic note, while the surge of the USD and strong economic data could have pushed gold lower, the recent decline has been relatively shallow. This suggests that the buying interest in gold is far from over.
OANDA:XAUUSDLong
by Pierce_Bowers
EURUSD : Preferred sales strategy.Analysis: Pattern Breakdown: The price has broken below the rising trendline, confirming a bearish sentiment. Resistance Zone: There's a highlighted zone around 1.0950 – 1.1000, where a previous support level is now acting as resistance. Support Target: The chart suggests a potential move down towards the key support area around 1.0790. Trading Strategy: Sell Opportunity: If EUR/USD retests the resistance zone (1.0950 – 1.1000) and fails to break above, this presents a selling opportunity. Target: The initial target would be the 1.0790 level, which is a key support area and the next significant downside target. Stop Loss: Place a stop-loss above the 1.1000 level to manage risk in case of a reversal.
Short
by Pierce_Bowers
BTCUSDT trading strategy today!BTCUSDT appears to be in a consolidation phase after a recent breakout from a descending trendline that previously acted as resistance. This breakout, happening near the $66,051 level, was followed by a strong upward move, suggesting bullish momentum has strengthened. Key levels to watch: Support Zone ($66,000 - $66,500): After breaking out, the price has revisited this zone, and it now acts as a key support. Bulls are expected to defend this level to maintain the uptrend. Resistance ($67,000 - $68,000): The price has met some resistance around the $67,000 area. However, with the bullish structure intact, there’s potential for another leg higher, with the next target around $68,000 or higher. The price action shows two previous descending moves marked by ellipses, both of which were rejected around the $66,000 level before breaking out. This area continues to be a battleground, and the bulls are currently holding above it. As long as BTC stays above $66,000, further upside is likely. Projection: There’s a potential for BTC to retest the support zone before continuing the upward move. A bounce from this zone could see BTC heading towards $68,000 in the short term, as indicated by the curved blue arrow. Summary: BTC has successfully broken out of the downward trendline, and the current retest of support around $66,000 could be a healthy consolidation before the next upward push. If the bulls can maintain control, we could see BTC continue to climb towards $68,000 and beyond.
by Suyouu
USDCHF Is Bullish! Long! Take a look at our analysis for USDCHF. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.862. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.865 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
CHFJPY Is Very Bullish! Buy! Please, check our technical outlook for CHFJPY. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 172.971. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 173.863 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!
Long
by SignalProvider
1
Ethereum Eyes Breakout Above Key Resistance In this 1-hour ETH/USDT chart, Ethereum shows strong upward momentum, highlighted by the large blue arrow. Key Points: Clear Uptrend: Ethereum has been moving in a steady uptrend, reflected in the price action staying above the moving averages. This signals that buyers are still in control, with higher highs and higher lows forming consistently. Support Area: The green zone, around $2,590 to $2,600, acts as a solid support level. Price may pull back here before finding enough buying interest to push higher again. Resistance Zone: The red area, between $2,670 and $2,690, is a key resistance where the price has previously struggled to break through. If Ethereum tests this level again, it could be a critical turning point. Potential Move: The chart hints at a possible dip back to the support zone, followed by a bounce towards resistance. If the price breaks above the $2,690 mark, it could rally further, with a target potentially around $2,748.
by Suyouu
USDJPY Will Go Higher From Support! Long! Please, check our technical outlook for USDJPY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 149.346. Taking into consideration the structure & trend analysis, I believe that the market will reach 150.396 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPJPY Will Go Up From Support! Buy! Here is our detailed technical review for GBPJPY. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 195.461. Considering the today's price action, probabilities will be high to see a movement to 197.269. 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!
Long
by SignalProvider
1
ZM Zoom Video Communications Potential BreakoutIf you haven`t bought ZM at the end of the giant falling wedge: Now Zoom Video Communications (ZM) is currently showing a bullish pennant pattern, which is often a precursor to an upward breakout. With the stock approaching the $72 level, a breakout could lead to a swift move higher, given the strong technical setup. For speculative traders, buying the $72 strike price calls expiring this Friday at a $0.12 premium offers an appealing risk-reward ratio. If ZM breaks above the resistance, these calls could rapidly gain value.
NASDAQ:ZMLong
by TopgOptions
GBPAUD Will Go Up From Support! Buy! Here is our detailed technical review for GBPAUD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.933. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.937 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
TSM Taiwan Semiconductor Options Ahead of EarningsIf you haven`t bought TSM before the major breakout: Now analyzing the options chain and the chart patterns of TSM Taiwan Semiconductor Manufacturing Company prior to the earnings report this week, I would consider purchasing the 190usd strike price Puts with an expiration date of 2025-1-17, for a premium of approximately $13.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:TSMShort
by TopgOptions
1