Dow Jones Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 40750 zone, US30 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 40750 support and resistance area.
Trade safe, Joe.
Buy
GOLD D1 Analysis - BullishPair Name = Gold
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Pattern = Bullish Flag
Explanation :-
Gold is bullish over all and getting a good volume. we can see price around 2550 or more. In Daily Timeframe Gold is making Bullish Flag Pattern. Here we are looking for breakout. After breakout We see big entries that will pump the market.
XAUUSD H1 Analysis - BullishPair Name = Gold
Timeframe =H1
Analysis = technical + fundamentals
Trend = Bullish
Support Levels = 2514, 2508, 2500
Resistance Level =2523, 2529, 2445
Explanation : -
Gold Moving As predicted Yesterday. Still getting Good Volume and On the way To Our main Target 2550. But always Secret of the market is buy the dips and sell tops. So if you are sure market is bullish or bearish, the main and important thing in the life the trader is perfect entry with proper Risk Management. One more thing I wanna discuss before the details explanation about the GOLD today Move. Maximum traders fails because they don't use Risk Management formula in trading.
Here I wanna Explain the Gold Next Move. Gold Dips has hit The Price levels 2514, 2508, 2500 .All These were the key points for the bearish move as predicted yesterday. In bullish Move Key Levels are 2523, 2529, 2445
In bullish Move Gold Will Target These Points.
USDCAD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35300 zone, USDCAD 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 1.35300 support and resistance area.
Trade safe, Joe.
NVIDIA BUY CONFIRMED!As expected in previous ideas, NVDA has decided to bottom out around $100-$111.
1. You can expect price to navigate towards the upper $120’s area
2. Upon a break through $126 there should be a stock buyback pump to $138+
3. Whenever the buyback cools down, there should be an immediate sharp correction to the lower $100 range and below. Waiting for possible Q2 earnings in 2025, or another chip update.
This is all prediction good luck ;)
GBPUSD Will Move Higher! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.306.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.316 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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EURAUD Is Bullish! Buy!
Take a look at our analysis for EURAUD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.655.
The above observations make me that the market will inevitably achieve 1.662 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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CAD/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Previous week’s red candle means that for us the CAD/JPY 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 108.419.
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AUD/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
AUD-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 99.337 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the AUD/JPY pair.
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Gold may rise due to a lower CPI, targeting 2,540.Tonight, the CPI indicator will be released, and it is expected to be lower than the previous period, which could push gold prices higher. Traders should stay attentive to the news.
Currently, the XAUUSD chart shows the price moving within an upward channel, with parallel trend lines framing the current price action.
The short-term EMA 34 is supporting the bullish trend, as the current price is above both EMAs, confirming the short-term upward trend.
The current support level around 2,499 (EMA 89) has shown strong support for XAUUSD, with the price rebounding several times from this level.
The nearest key resistance is at 2,540, and if the price breaks this level, it could lead to a more pronounced bullish trend.
Gold Price Rises Due to CPI and FedAmidst volatile global financial markets, gold prices have recently shown a slight increase, mainly due to a series of important economic and political news. Investors’ attention has been focused on key economic indicators such as the US Consumer Price Index (CPI), which is closely watched as it can directly influence the Federal Reserve’s monetary policy decisions.
A stronger-than-expected CPI growth is typically a sign of rising inflation, which could prompt the Fed to raise interest rates to curb inflation. However, in the current environment, any significant increase in CPI could be seen as an opportunity for the Fed to cut rates rather than raise them, given concerns about a global economic slowdown and current political uncertainties.
A rate cut would reduce the opportunity cost of holding non-yielding gold, boosting gold prices. Gold is often seen as a safe investment in times of uncertainty and inflation, when the value of other financial assets may decline. Recent stock market volatility and political instability in many parts of the world have also contributed to the rise in the value of gold as a safe haven asset.
EUR/USD declines due to expectations of an ECB rate cut.The Euro dropped 0.44% on Monday, continuing its downward trend after breaking the 1.1100 support level. Expectations of an ECB rate cut on September 12 have weighed on EUR/USD.
As shown on the chart, the EMA 34 is confluent with resistance at 1.10761, so traders may consider selling when the price reaches this resistance area. Additionally, the break of support further confirms the strength of the bearish side.
Therefore, I suggest taking profits at TP 1 around 1.09565 and TP 2 at 1.09224.
Traders should monitor further economic events and price action at critical support levels to determine the next trend.
USDJPY Ranging 142-144 Ahead of U.S. CPIOn the 3-hour timeframe of the USDJPY pair, the price is moving within a range between the support level of 142 and the resistance level near 144.
Closest support: 142. This is a key support level, and if it breaks, a sharp decline to lower levels could follow.
Key resistance: 144. If the price surpasses this level, a short-term bullish trend may be triggered.
Traders can sell when the price touches the 143 resistance or breaks the 142 support, targeting the lower support levels of 142.500 and 141.800.
Investors are awaiting tomorrow's U.S. CPI report. A higher-than-expected CPI could boost the USD, aiding USDJPY recovery, while a lower CPI would pressure the USD, causing further declines in USDJPY.
XAUUSD: Breaking the Resistance Zone!Gold prices are currently fluctuating within a clear resistance and support range. At present, the price is positioned between the 34 EMA and 89 EMA, indicating a tug-of-war in the trend.
The 34 EMA and 89 EMA are converging, signaling a potential trend breakout as the price moves out of this range.
The key resistance level is around 2,525, a zone where prices have previously been rejected, indicating strong selling pressure.
There are two main support levels: one near 2,470 (Support 1) and another closer at 2,489 (Support 2). The price has tested Support 2 once and is showing signs of retesting it.
If the price holds above the 2,489 support level and shows signs of a rebound, it may retest the resistance zone at 2,523.48. If this level is breached, the next target could be 2,540
Trading Strategy: Wait for clear signals from price action as it reaches the critical resistance and support zones. If the price breaks out of these zones, consider trading in the direction of the new trend.
USOIL Is Going Up! Long!
Here is our detailed technical review for USOIL.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 68.519.
Considering the today's price action, probabilities will be high to see a movement to 72.583.
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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NZD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
NZD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. 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 91.562 area.
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USDJPY Is Approaching an Important SupportHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 141.500 zone, USDJPY is trading within a channel and currently is approaching the channel support, once we get a bullish confirmation a target would be somewhere around 146 as it's the strongest resistance USDJPY will be approaching.
Trade safe, Joe.
Strong Bearish Pressure Below EMAsThe EUR/USD pair is showing a strong bearish bias, as shown by the 34 EMA crossing below the 89 EMA, a classic bearish sign. This suggests that the market could continue this trend as long as the selling pressure has not subsided, especially as the price continues to trade below both EMAs.
On the Fibonacci Retracement chart, the current price zone of EUR/USD is near the 1.1038 level, an area that has served as support for previous rallies. A break of this level could take the pair down to the next support level of 1.09826, according to the 1.618 Fibonacci ratio, which if broken could open a deeper downtrend.
Entry Point:
Long Position: If the EUR/USD pair rebounds and breaks above the EMA resistance, a short-term long position could be considered. Enter when price breaks above 1.1080.
Sell: Enter a sell order if price breaks below 1.1038 support and continues to trend lower.
Take Profit (TP):
Buy: Place TP around 1.1130, close to the next resistance level on the chart.
Sell: Place TP at 1.09826, in line with the 1.618 Fibonacci level where price could find new support.
Stop Loss (SL):
Buy: Place SL below EMA 89, around 1.1040, to minimize risk if the recovery does not occur as expected.
Sell: Place SL above 1.1080, just above EMA 34, to protect the order from sudden moves that could push price back into the uptrend.
GOLD Will Go Up! Buy!
Take a look at our analysis for GOLD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2,502.602.
The above observations make me that the market will inevitably achieve 2,517.088 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.
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