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GBPUSD: Is the Current Decline Setting Up for a Strong Rebound? GBPUSD is currently trading around 1.309 in the early session on Tuesday. While the pair is moving in a downward trend, a closer look at the technical chart reveals a familiar wave cycle that appears to be repeating. In this scenario, GBPUSD could potentially gain bullish momentum after testing the support zone and the 34 and 89 EMAs. The long-term outlook for a price increase remains optimistic, as market sentiment continues to anticipate a Fed rate cut in the near future. Could this pullback be setting the stage for a strong rebound? Let us know your thoughts!
Long
by Pierce_Bowers
1
ETHUSDT: Bearish Setup – Time to Sell?ETHUSDT has been drawing attention with its recent price movements. The technical chart shows a potential selling opportunity as the price approaches a key resistance zone. Key Resistance Level Currently trading around 2,437 USD, ETHUSDT is facing strong resistance at 2,691 USD. This level has repeatedly proven difficult for ETH to break above, suggesting a possible price reversal once it is retested. Trading Strategy Traders are eyeing this resistance zone for a potential short opportunity. If ETH fails to break 2,691 USD and shows signs of weakness, a sell order could be placed, targeting lower price levels. Bearish Target If the bearish scenario plays out, the first target could be around 2,300 USD, with room for further downside if selling pressure increases. It’s important to set a stop-loss just above the resistance to manage risk. What’s your take on this potential ETHUSDT move? Do you think it’s time to sell or hold? Let us know in the comments!
by Suyouu
USD/JPY Under Pressure Below Resistance at $149.066The USD/JPY chart shows the formation of a key trend with the price fluctuating around $147.712, just below the strong resistance level at $149.066. If this resistance fails to break, USD/JPY may reverse and correct towards key support levels at $146.163 or even deeper at $143.432. The EMA 34 and EMA 89 lines provide stable support, but selling pressure is weighing heavily on the price. A breakout scenario will require strong confirmation from technical factors, while investors should closely monitor key economic news from the U.S., which could cause significant market volatility. At present, technical factors combined with the short-term downtrend could continue to push the price lower unless a strong breakout from buyers occurs.
by Zola_Hello
GBPUSD : Trading with the head and shoulders patternThe Head and Shoulders pattern in this chart is signaling a potential bearish reversal. Key area: If the price breaks below the neckline around 1.3040, we might see a continued downward movement. Target price: If the breakout is successful, the price could drop towards the 1.2815 zone. Strategy: You can consider entering a sell position if the price falls below 1.3040, aiming for 1.2815, with a stop loss placed safely above 1.3170 (right shoulder area). Wishing you all successful trades and good luck!
by Pierce_Bowers
Dual Strategy for BNB/USDT: Buy or Sell OpportunitiesBuy Strategy: Entry: Look to enter a long position if the price holds above the 563 - 567 support zone, showing signs of a reversal. Target: Aim for the 581 resistance level as your first profit target. Stop Loss: Place a stop loss below the 563 level to protect against further downside. Sell Strategy: Entry: If the price fails to break above 581 and shows signs of weakness, consider entering a short position from this resistance level. Target: The first target could be the 563 - 567 zone. If price breaks below this, the next target is around the stronger support zone between 540 - 550. Stop Loss: Place a stop loss above 581 to minimize potential losses in case of a breakout. By balancing these two approaches, you can capitalize on price movement whether it goes up or down. Good luck with your trades!
by Suyouu
ETHUSDT: Sell Or Buy ! Based on the provided chart for Ethereum/USDT, the price is moving within a clear ascending channel, showing an overall bullish trend with potential pullbacks. Here is a brief analysis and strategy: Current Price Movement: ETH is currently retracing from a recent high (around 2,490) but remains within the ascending channel. Support and Resistance Levels: Resistance: Around 2,490-2,500 (upper boundary of the channel). Support: The lower boundary of the channel, near 2,440-2,450. Trade Strategy: Buy: Wait for a pullback to the lower boundary of the channel, ideally near 2,440. If the price confirms support in this area, a buy entry could be ideal. Target: Look to take profits near the upper boundary of the channel, around 2,500-2,520. Stop Loss: Place below the channel, around 2,430. Market Sentiment: As long as the price stays within this upward channel, the overall trend remains bullish. However, a breakout from this channel (either up or down) could lead to significant price movement.
by Suyouu
1
BTCUSDT Trading Strategy. Based on the provided chart and the market context, here is a concise analysis and strategy for trading BTCUSDT: Strategy: Focus on a bullish trend with potential pullbacks. Current Price Zone: BTCUSDT is trading around 63,676, with the next resistance zone around 64,038.94. A breakout above this level could open the path to higher levels. Key Resistance: The next significant resistance lies between 66,000 to 66,100. Watch for price action at this zone as it may trigger either a pullback or consolidation. Support Zone: In the event of a pullback, a strong support area lies around 62,300 to 62,500. This is a good re-entry point if prices dip. News Impact: Monitor any global or regional market news as geopolitical tension or economic announcements could push volatility. Trade Direction: Enter long positions on bullish momentum, especially after breaking the 64,000 level. A pullback near 62,500 offers a chance for additional buys. Target the 66,000 zone, but consider partial profit-taking at key resistance levels.
by Suyouu
DXY Will Go Up From Support! Long! Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 102.413. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 103.410 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. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
GBPUSD Will Go Up! Buy! Take a look at our analysis for GBPUSD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.308. The above observations make me that the market will inevitably achieve 1.318 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
BITCOIN Will Go Up! Long! Here is our detailed technical review for BITCOIN. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 61,313.45. Considering the today's price action, probabilities will be high to see a movement to 62,824.63. 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!
COINBASE:BTCUSDLong
by SignalProvider
1
GOLD - XAUUSD today Global gold prices have continued to dip slightly today, with the market's focus shifting toward the escalating tensions in the Middle East. Gold is widely regarded as a safe-haven investment during times of political unrest. Since the beginning of 2024, gold prices have surged by over 28%, driven by fears of growing instability in the region. According to the latest weekly gold survey by Kitco News, short-term prospects for gold remain positive. The recent developments in the Middle East continue to provide support for gold prices. Meanwhile, the market anticipates that the U.S. Federal Reserve will persist in cutting interest rates, potentially bringing them below 3%. This expectation has further strengthened the price of gold.
OANDA:XAUUSD
by Pierce_Bowers
Accumulation Triangle and Economic Forecast In the current scenario, gold is sticking to a triangle pattern on the 4-hour chart, showing a sideways swing before deciding on a clear trend. The EMA (34) and EMA (89) are currently holding steady and holding key support levels, highlighting the possibility of a bounce if the price breaks above the triangle’s borders. The immediate resistance is at $2,700, and if it is cleared, the next target would be $2,720, especially if geopolitical tensions increase, which could boost demand for safe-haven assets like gold. However, if the price breaks the triangle’s support, we could see the price drop to lower levels, selling pressure could increase, especially if the US economic data continues to be positive and supportive of the USD.
OANDA:XAUUSD
by Naoomi
XAUUSD: getting support!Gold prices continued to fall slightly this morning, and I couldn't help but notice the impact of the tension in the Middle East. Gold has always been considered a safe investment channel when world politics fluctuate, and since the beginning of 2024, the price has increased by more than 28%. This is not accidental, but largely due to concerns about escalating tensions in the region. The market is currently very sensitive to political fluctuations, and I see many investors still waiting for new moves from the Fed. According to David Morrison, an analyst at Trade Nation, the expectation that the Fed will continue to cut interest rates below 3% is a strong supporting factor for gold prices.
OANDA:XAUUSDLong
by ConanTradingFX
XRPUSDT Based on the XRP/USDT chart you've shared, here's a trading strategy for a bearish scenario: Current Price Action: The price is currently trading around $0.5263 after a significant downward move. It has also broken below the 0.5 Fibonacci retracement level of $0.5858, signaling potential further downside. Resistance Levels: The region between the 0.5 and 0.618 Fibonacci levels ($0.5858 - $0.5672) is acting as a key resistance zone. If the price retraces upward, this zone could present a strong resistance, offering a potential sell opportunity. Bearish Target: A continuation of the bearish trend could take the price down to the 1.618 Fibonacci extension level at approximately $0.4096. This could serve as the next major support level and a potential take-profit area for sell positions. Sell Setup: Look for sell opportunities if the price retraces back to the resistance zone between $0.5672 and $0.5858 and faces rejection. Set your stop-loss slightly above the $0.5858 level. Risk Management: Ensure proper risk management by placing a stop-loss above the resistance zone and targeting the 1.618 Fibonacci extension level for your take-profit. This strategy aims to capitalize on the ongoing downtrend while allowing room for a potential retracement before the price continues lower.
Short
by Suyouu
BTCUSDT continues downtrendThe airstrike by Iran on Israel in April 2024 and the attack on Israel on October 7, 2023, also revealed a similar bearish pattern for Bitcoin. Gold investors assert that Bitcoin behaves more like a speculative risk asset, similar to tech stocks, rather than a safe haven. Jesse Colombo, an analyst, predicts that Bitcoin is now closely tied to the Nasdaq 100, particularly to U.S. tech stocks. He warns that the collapse of this "bubble" could negatively impact Bitcoin's value.
by Suyouu
XAUUSD 6/10/24Gold for this week: We have price action consolidating, followed by a pullback from the area marked last week. This trajectory aligns with the ongoing upward trend, and we expect it to continue, aiming for the previous all-time high. We have already tapped into a demand zone, and liquidity remains at the base of the last low, as well as within the internal lows of the higher time frame range. The principle here is that gold is overall bullish, based on strong fundamentals and a clear trend and structure. We expect this upward movement to continue, with our target set at the previous high. We are not anticipating a major pullback; however, since the market is currently driven by fundamentals, there is always a chance this could happen. If a pullback occurs, we can look for liquidity below the previous low as an opportunity to go higher. If it breaks through, I would expect a longer-term period of selling off, but overall, we anticipate further upward expansions. In summary, keep it simple—follow the clear direction, which is bullish.
OANDA:XAUUSD
by rosshayes
NZDUSD Is Very Bullish! Long! Take a look at our analysis for NZDUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.615. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.626 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
3
XAU/USD: Tension Mounts Ahead of Key ResistanceXAU/USD paints a dramatic picture as gold prices hover tensely around $2,653.840. After breaking free from a downward trend, the market is far from safe as it faces a solid resistance at $2,667.943—an impenetrable “wall” that, if not broken, could cause a swift reversal. Buyers are battling fiercely to push the price higher, but one small slip could give sellers the chance to drive prices down to the critical support at $2,631.422. This support acts as the “last fortress” protecting the upward trend, and if breached, a sharp decline may follow. Upcoming hot economic news from the U.S. could deliver a decisive “shock,” overturning every strategy in the gold market. Prepare for unpredictable swings ahead!
OANDA:XAUUSDLong
by Zola_Hello
Current Trend and Next Key PointsThe current gold chart shows price stability around $2,660, as the EMAs (34) and (89) reflect a balance between supply and demand. This stability seems to signal that I am preparing for another breakout. With the current economic and political uncertainties, gold continues to be a safe haven asset that I am always watching. If gold can break above $2,660, I expect a new uptrend to begin; otherwise, a downside correction towards the EMA (89) could provide an attractive buying opportunity for me.
OANDA:XAUUSD
by Naoomi