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.
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Buy
Gold's Slide: A Deep Dive into Today’s Sharp DeclineGold prices took a steep hit today, plunging below the critical $2,700/ounce mark and trading around $2,655, shedding over 800 pips from yesterday’s levels.
This sharp decline is largely driven by the strength of the U.S. dollar and the Federal Reserve's high interest rates, which have dampened gold's appeal for investors. The rising rates increase the opportunity cost of holding gold, nudging capital flows toward higher-yield assets.
Forecast Should the downward trend persist, gold may test lower support levels near $2,607, following a Fibonacci retracement. Investors are advised to consider short positions while closely monitoring market fluctuations in the near term.
GBP/USD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
Previous week’s red candle means that for us the GBP/USD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.310.
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USD/JPY Rate High: Yen Under Pressure from Strong USDCurrently, USD/JPY is rising as the U.S. dollar strengthens on expectations that Trump’s policies could impact Federal Reserve interest rates, driving the pair above 150.
In the short term, USD/JPY may stay elevated, though long-term trends will depend on Fed rate decisions and the Bank of Japan’s (BOJ) response. While BOJ maintains its loose monetary stance, the Fed’s potential for high rates to control inflation continues to support the USD/JPY pair. However, if the Fed signals rate cuts or BOJ shifts its policy, USD/JPY may decline.
ETHUSDT on a Strong Bullish Run: Breaking New GroundToday, ETHUSDT is maintaining a powerful upward trend, trading around 2840 USDT with an impressive gain of over 4.44% for the day.
After a period of consolidation within a wedge pattern, it successfully broke through the sideways trend and surged upward.
The immediate target now is the higher resistance zone around 3400 USDT, with a closer level at 3170 USDT as a potential checkpoint.
What are your thoughts on ETHUSDT's trend? Share your opinion in the comments below. Good luck!
COIN Coinbase Global Options Ahead of EarningsAnalyzing the options chain and the chart patterns of COIN Coinbase Global prior to the earnings report this week,
I would consider purchasing the 200usd strike price in the money Calls with
an expiration date of 2024-11-15,
for a premium of approximately $21.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Gold Hits 3-Week Low: Recovery or Further Decline?Gold prices dropped over 3% to a 3-week low on Wednesday (Nov 6) as the USD strengthened following Donald Trump’s victory.
Gold has reached a critical support level around 2,642.534 USD/oz, acting as a key "stop point." If strong buying interest emerges here, gold may see a short-term recovery.
However, if this support level doesn’t hold, the next downside target could be 2,588.110 USD/oz, where additional buying pressure is expected.
The 34 and 89 EMA lines are currently above the price, indicating that the downtrend still dominates. To confirm a recovery, the price needs to climb back above lost resistance levels. Conversely, if selling pressure persists and the price stays below the EMAs, the downward trend is likely to intensify.
Investors should closely monitor price reactions at these support and resistance levels, especially as global political and economic factors could lead to strong market volatility.
ETHUSDT Faces Strong Resistance, Downtrend PersistsETHUSDT is currently trading around 2,589 USDT and remains within a downward channel on the 4-hour chart. Each time the price approaches the resistance line of this channel, selling pressure increases, pushing ETH back into the downtrend. The main trend is still bearish, with signals indicating that selling pressure is dominating in the short term.
Key Analysis Points
Important Resistance Zone: ETH is facing a strong resistance level right at the upper boundary of the downward channel. This is a zone where sellers typically capitalize on to increase pressure, pushing the price back down.
Short-Term Support Level: The current support lies around 2,480 USDT. This level may trigger some defensive buy orders. However, if it is breached, ETH may continue to drop further, potentially heading below 2,400 USDT.
Next Trend: If ETH fails to break through the channel resistance, a significant correction is likely, aligning with the ongoing downtrend. In this scenario, ETH could continue to move downward, with the next target at a deeper support level.
Given the current situation, a selling strategy appears to be more promising as ETH approaches resistance zones within the downward channel without breaking through.
BTCUSDT Near Key Resistance – Another Rally Ahead?BTCUSDT is currently trading around a high of 72,890 USDT, with prices surging since its last breakout from the downtrend at 68,700 USDT.
The coin is gaining strong momentum due to several key factors:
Expectation of a Bitcoin Spot ETF in the U.S.: Investors anticipate that the SEC will approve a spot Bitcoin ETF soon, paving the way for institutional inflows.
Positive Sentiment Ahead of the U.S. Elections: Economic policy uncertainty has led investors to view Bitcoin as an alternative asset for value preservation.
Interest from Major Financial Institutions: Growing interest from top financial institutions is boosting confidence and demand for Bitcoin.
From a technical and indicator perspective, BTCUSDT is approaching a critical resistance level. If it successfully breaks through, another strong rally could be on the horizon!
EUR/USD LONG FROM SUPPORT
Hello, Friends!
EUR/USD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.089 area.
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EUR/USD May Decline as USD Gains on Trump-Related TradesToday, the EUR/USD pair is under pressure due to the strength of the USD, driven by expectations of higher U.S. interest rates and recent political developments. The pair has fallen to a multi-month low, hovering between 1.0685 and 1.0680.
With increased volatility around the U.S. political environment—particularly after Donald Trump’s election win—alongside a Double Top pattern on the market chart, a short-term forecast suggests that if EUR/USD breaks below the 1.07 level, it may test support around 1.05. However, if economic indicators in the eurozone improve, the EUR/USD could have potential for a rebound within its current range. The Federal Reserve's rate decisions and any new fiscal policies could further influence the currency pair's direction in the coming days.
EURCAD Will Move Higher! Buy!
Here is our detailed technical review for EURCAD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.497.
Considering the today's price action, probabilities will be high to see a movement to 1.503.
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.
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EUR/JPY LONG FROM SUPPORT
Hello, Friends!
EUR/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 166.084 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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ARTY/USDT STRONG BULLISH BIAS|LONG|
Hello, Friends!
Bitcoin made a new ATH with a strong bullish breakout so it is expected to keep growing mid-term, which means that it is the right time to buy altcoins again, to make good use of the coming Altcoin rally.
ARTY is a promissing coin that has already made a strong bullish rebound from the horizontal support level below at 0.356 and has already gained more than 35% from the lows which reinforces our bullish bias.
But ARTY has an even greater potential for growth in the near future with the next key structure being 0.808 level above which would give you a more than 50% gain on your capital if you bought the coin right now.
The coin has strong fundamentals on its side as well, as the founders have confirmed it's future presence in Epic Games, XBOX and PlayStation stores , which will certainly boost the demand for this coin.
All in all I think ARTY is a great long trade for both short-term Altcoin rally and a more long-term investment oriented purchases too!
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EURGBP Will Grow! Buy!
Take a look at our analysis for EURGBP.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.833.
The above observations make me that the market will inevitably achieve 0.838 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.
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Global Gold Price Drops Sharply After Trump WinsAfter news of Trump’s win broke, gold prices dropped by 3% within a single day due to the strong rebound of the U.S. dollar. This decline was primarily driven by traders anticipating that Trump’s trade policies would include higher tariffs, likely keeping interest rates elevated and making gold more expensive for holders of other currencies.
According to me, gold prices began to decrease shortly after the election ended, as the U.S. dollar surged, exerting downward pressure on gold.
In the short term, gold prices may experience significant volatility as markets assess the impact of future Federal Reserve decisions and respond to global risk factors. Although fluctuations are expected, if U.S. interest rates decrease or additional geopolitical risks arise, gold prices could return to an upward trend.
BUY GBP VS JPY Triangle BreakoutThe GBP vs JPY pair on the M30 Timeframe presents a potential Buying oppurtunity due to a recent breakout from a triangle pattern This suggest a shift in momentum towards the upside and higher likehood of further advances in the coming the hour
POSSIBLE LONG TRADE
First Resistance 199
Second Resistance 200
Stoploss To manage risk place a stoploss order below support zone
This helps limit potential losses if the price falls back unexpectedly
Your likes and comments are incedibly motvitation and will encourage me to more analysis with you
BUY GOLDWe are monitoring GOLD for a big move up. Our entry is at 2671 and our targets remain at 2754 and 2900 long term as earlier projected. Our stop losses has been adjusted to 2640. Use your own risk management. Good luck. Congratulations to the new Elected President for the USA Donald Trump, markets are defiantly going to be much interesting these next 4 years.
GOLD Will Go Up From Support! Long!
Here is our detailed technical review for GOLD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2,721.720.
Considering the today's price action, probabilities will be high to see a movement to 2,744.828.
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.
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GBPNZD Will Go Up! Buy!
Please, check our technical outlook for GBPNZD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2.161.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.180 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.
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AUDCAD Is Going Up! Buy!
Here is our detailed technical review for AUDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.919.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.937 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!