EUR/USD LONG FROM SUPPORT
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We are now examining the EUR/USD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.116 level.
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Buy
NZD/JPY SENDS CLEAR BULLISH SIGNALS|LONG
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NZD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 3H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 90.941 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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US100 Is Very Bullish! Long!
Take a look at our analysis for US100.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 19,879.7.
The above observations make me that the market will inevitably achieve 20,228.4 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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GOLD Is Going Up! Buy!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 2,637.609.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,658.674 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.
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CHFJPY Will Go Higher From Support! Buy!
Take a look at our analysis for CHFJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 172.733.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 174.189 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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AUD/JPY BULLS WILL DOMINATE THE MARKET|LONG
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AUD/JPY is trending up which is obvious 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 classical trend following opportunity for a long trade from the support line below towards the supply level of 101.193.
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GBP/CAD BULLS ARE STRONG HERE|LONG
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Bearish trend on GBP/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.779.
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SNIPED ENTRY 15M TF1.Price is bearish in all time frames Weekly, Daily, 4H. However, as price reached a demand zone in 4H TF, we dropped to LTF 15M and waited for a break of structure i personally wanted 15M TF pull back to take out liquidity from a high but wasn't possible.
2. As liquidity is what move the market there's a ton up there which means price will go and grabbed it all, that's why i have a very extended TP which is exactly where my supply zone is in 4H TF.
SOLUSDT todayBased on the chart for SOLUSDT, here's a short and concise analysis:
Current Trend: The price has broken below a key trendline, indicating potential further downside.
Resistance: The area around 145.27–145.91 USD serves as the nearest resistance zone, where price previously rejected.
Support: The price is approaching the 141.07 USD level, and a deeper drop could lead to the next key support around 138.08 USD.
Strategy: A bearish scenario is likely to play out, targeting the 138.08 support zone if the price continues to weaken after failing to reclaim the resistance.
Watch for price action near the 141.07 level for potential short opportunities.
BTCUSDT: Continue selling or should buy?Based on the chart provided, the short-term bearish strategy for BTCUSDT could be as follows:
Resistance: The key resistance level is around 65,917.43 USD.
Support: The immediate support zone is between 61,497 - 61,728 USD.
Strategy: Wait for the price to either retest the resistance zone or form a bearish pattern at the support level. If the price breaks below this support zone, it is likely to continue declining toward the target area of 53,953 USD.
It's recommended to place a stop-loss above the resistance level to minimize risk in case of a breakout to the upside.
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!
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.
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!
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.
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.
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.
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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.
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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.
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AUD/CHF BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are now examining the AUD/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.584 level.
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NZD/CHF BEST PLACE TO BUY FROM|LONG
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It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.531 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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Potential Long on ECIt is Monday and the market is getting set for the week ahead,
Looking at EC right now for a potential long position.
If that FVG is respected , showing bullish engulfing on the 15 or 30min TF. The next candle will let us know. Patience
After confirmation I will be looking for shorts.
Entry on 15 or 30min TF
No rush , let see what happens
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.
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.