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Channeltrend

Nvidia - How Long Will It LastHello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: All the way back in February of 2014 we saw a breakout of a long term symmetrical triangle on Nvidia. This breakout was followed by an insane +9.500% rally towards the upside. Right now Nvidia is trading in a solid ascending channel and is approaching the upper resistance trendline. I do expect a (short term) pullback from there to retest the support mentioned in the analysis. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:AMD
by basictradingtv
9
XAUUSD H4 Channel PatternThe XAU/USD pair on the H4 chart currently showcases a bearish channel pattern, hinting at potential selling opportunities in the coming days. However, a breakout above the channel could present potential buy opportunities. Sell Opportunity: 1.A potential sell entry could be considered around the current price as it sits closer to the channel resistance. This allows for some buffer before a potential downward move. 2.Targets for the bear case would be the lower support line of the channel or potentially even lower depending on bearish momentum and confirmation from other technical indicators. Shifting to Buy: 1.A break above the upper resistance line of the channel would signal a breakdown of the bearish trend, opening up potential buy opportunities. 2.Entry points for buying could be considered just above the broken resistance or on a retest of the broken line. 3.Targets for the bull case would be the previous swing highs within the channel or higher depending on bullish momentum and confirmation from other technical indicators. Central Bank Decisions: Federal Reserve (Fed) Meeting and Interest Rate Decision (Jan 31): A hawkish Fed with a large rate hike (75bps+) and strong economic projections could strengthen the USD, potentially putting downward pressure on gold. Conversely, dovish hints or smaller increases could boost its safe-haven appeal. Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): A hawkish BoE could also strengthen the USD and weigh on gold. Dovish signals might offer some support. US Non-Farm Payrolls (Feb 2): A robust US jobs report might reinforce hawkish Fed expectations and weigh on GBP/USD. Conversely, weaker data could dampen USD strength and lend some support to the pound. If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛 Thank you
OANDA:XAUUSDShort
by KABHI_TA_TRADING
7
GBPUSD H4 Bullish ChannelGBP/USD H4 Bullish Channel: Opportunities for Both Long and Short The GBP/USD pair on the H4 chart currently exhibits a bullish channel pattern, offering potential short-term buy and sell opportunities depending on price action. Here's a breakdown: Buy Opportunity: 1. A potential buy entry could be considered near the current price as it hovers closer to the channel support. This allows for some buffer before a potential bounce upwards. 2. Targets for the bull case would be the upper resistance line or potentially even higher depending on momentum and confirmation from other technical indicators. Shifting to Short: 1. A break below the lower support line of the channel would signal a breakdown of the bullish trend, opening up potential sell opportunities. 2. Entry points for shorting could be considered just below the broken support or on a retest of the broken line. 3. Targets for the bear case would be the previous swing lows within the channel or deeper depending on bearish momentum and confirmation from other technical indicators. Central Bank Decisions: Federal Reserve (Fed) Meeting and Interest Rate Decision (Jan 31): This is the biggest event. A hawkish Fed with a large rate hike (75bps+) and strong economic projections could significantly strengthen the USD against the GBP. Conversely, dovish hints or smaller increases could favor the GBP. Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): While the BoE is expected to raise rates again, the focus will be on the size (25bps or 50bps) and future policy guidance. Dovish pronouncements could weaken the GBP, while hawkish inclinations might offer some support. US Non-Farm Payrolls (Feb 2): A robust US jobs report might reinforce hawkish Fed expectations and weigh on GBP/USD. Conversely, weaker data could dampen USD strength and lend some support to the pound. If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛 Thank you
Long
by KABHI_TA_TRADING
1
Sell GBPCHF Bearish ChannelThe GBP/CHF pair on the M30 timeframe exhibits a bearish channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Let's delve deeper into the details: Key Points: Bearish Channel: The price has been trading within a downward-sloping channel defined by two converging lines: a falling resistance line and a falling support line. This pattern often indicates ongoing selling pressure and the potential for further decline. Sell Entry: Consider entering a short position around the current price of 1.0940, which is close to the channel resistance. This could offer an entry point near a potential reversal point. Target Levels: Initial bearish targets lie at the support levels of 1.0892 and 1.0867, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.0965. This helps limit potential losses if the downtrend breaks unexpectedly. Fundamental Updates : UK Bank of England (BoE) meeting minutes: Due for release later today, these minutes could shed light on the central bank's future monetary policy stance. Hawkish signals might boost the Pound, while dovish ones could weaken it. Swiss National Bank (SNB) Chairman Thomas Jordan's speech: Scheduled for tomorrow, February 2nd, any comments about potential interventions or the economic outlook could impact CHF sentiment. Thank you
Short
by KABHI_TA_TRADING
14
Buy XAUUSD Channel PatternGold (XAU/USD) might be gearing up for a climb, showcasing a bullish channel pattern on its H1 chart. This pattern suggests a gradual increase in buying pressure, potentially leading to a breakout towards higher prices. Bullish Channel: The price has been oscillating within a channel with rising support and resistance lines, forming a Shape. This often indicates building buying pressure as the price range narrows. Buy Entry: Consider entering a long position around the current price of 2023, which offers a potential entry point near the channel support. Target Levels: Initial bullish targets lie at the resistance levels of 2043 and 2054, marking the upper boundaries of the channel. Stop-Loss: To manage risk, place a stop-loss order below the channel support at 2013. Key Points: Weakening US Dollar: A potential slowdown in US interest rate hikes and concerns about the American economy could weaken the greenback, benefiting gold prices. Geopolitical Tensions: Rising tensions in various regions like the Middle East and Ukraine could trigger risk aversion, driving investors towards safe-haven assets like gold.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
13
Sell EURNZD Bearish ChannelEUR/NZD M30 Bearish Channel: Prepare for Potential Selling Opportunities The EUR/NZD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing downward momentum and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: As illustrated in the image below, the price has been trading within a descending channel, characterized by two converging lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure. Sell Entry: Consider entering a short position around the current price of 1.7691, which sits close to the channel resistance, potentially offering a favorable entry point near a potential reversal point. Target Levels: Initial bearish targets lie at the support levels of 1.7562 and 1.7487, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.7750. This helps limit potential losses if the downtrend breaks unexpectedly. Thank yuou
Short
by KABHI_TA_TRADING
2
Nifty on 2024 Jan 20 1) On 2023 Dec 4, Nifty had a gap up opening. 2) This gap is 216 points between low and previous day’s high (20507.75-20291.55). 3) And it is 334 points between open and previous day’s close levels. (20601.95-20808.90). 4) Thereafter till 2024 January 16th, Nifty was travelling in an upward channel. 5) On 17th January this channel has been broken, and index closed below the channel. 6) On that day Nifty had a huge gap down opening. Even it tried to recover more than 50% of the gap, but failed to gain, and eventually closed 75 points below the opening level. And it is 460 points below the closing level of previous day. 7) On that day Nifty opened near the lower line of the channel, and closed below the line. 8) On the next day, Jan 18th, Nifty had another gap down opening. After a volatile intraday movement it had a positive closing, recovering 48 points from the opening level. 9) On 19th Jan, Nifty had a gap up opening and a less volatile intra-day movement, and closed with a 7 points gain from the opening level, creating a small a doji candle, showing indecisiveness among market participants. 10) On 19th Jan, index gained 50.45 pints above the closing level of 17th January. 11) Being at 21622.40, it is taking support at 147 square level. (ie. 147*147 = 21609) # If nifty can gain about 100 points more, it can close in the upward channel again, If so, we can expect the continuation of the rally. # If Nifty closes below 21460 level it may touch the 21325 level. If it goes further low it may fall to 21000 level. Disclaimer: This is for educational purpose, not a trade recommendation, I am not SEBI registered adviser.
NSE:NIFTY
by alikoyakk
Sell GBPUSD Bearish Channel GBP/USD has formed a bearish channel pattern on the H1 timeframe, indicating a potential for further downside. Pattern: The price has been making lower highs and lower lows within the channel, creating a downward sloping trend. Sell Entry: A break below the channel support at 1.2665 could be an opportunity to enter a short trade. Targets: Potential bearish targets lie at the support levels of 1.2558 and 1.2498. Stop Loss: A stop loss could be placed above the channel resistance at 1.2703. Factors Underpinning the Downward Pressure: Risk-Off Sentiment: Global markets are facing uncertainties, driving investors to seek refuge in safe-haven currencies like the US dollar. This has put downward pressure on the relatively riskier pound sterling. BoE Policy Divergence: The Bank of England is expected to raise interest rates at a slower pace than the US Federal Reserve, potentially widening the interest rate differential between the two economies. This could further weaken the pound against the dollar. Trading Considerations: Confirm Breakdown: Wait for a clear break below the lower boundary of the channel to validate the bearish momentum and potentially trigger sell trades. Manage Risk: Implement stop-loss orders above the resistance level to limit potential losses if the price unexpectedly reverses course. Monitor Fundamentals: Stay informed about economic data releases and central bank communications from both the UK and the US, as they can significantly influence the GBP/USD pair's trajectory.
Short
by KABHI_TA_TRADING
7
Nasdaq - Retracement TimeHello Traders, welcome to today's analysis of Nasdaq. -------- Explanation of my video analysis: For more than 10 years the Nasdaq has been trading in a very obvious rising channel formation. Considering that we saw a +50% pump in 2024, the Nasdaq is certainly ready for a (short term) correction back to the lower support trendline which I mentioned in my analysis. From there I do expect the longer term bullish continuation though. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
TVC:NDQ
by basictradingtv
9
BUY GBPUSD H4 ChannelCentral Bank Meetings: Bank of England Monetary Policy Committee (MPC): This takes center stage on Wednesday, January 10th. A 50 basis point (bps) rate hike is widely anticipated, but the market will be looking for any hints about the future trajectory of rates. A more aggressive tightening path could strengthen the pound against the dollar. Economic Data: US Non-Farm Payrolls (NFP): Released on Friday, January 6th, a strong jobs number could strengthen the dollar and weigh on GBP/USD. Conversely, a weak reading could have the opposite effect. 400,000 new jobs are expected, which would be positive for the US economy. UK GDP: The Gross Domestic Product (GDP) data for December on January 10th. Consistent economic growth could support the pound, while a slowdown could weaken it. The market expects a 0.3% month-over-month increase. Weekly Forecast (Jan 8 to Jan 12) : GBP/USD - H4 Chart - Channel Formation Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛
Long
by KABHI_TA_TRADING
22
DXY to continue declineDXY started a recovery from 100.257 from the heavy decline due to the pause in the interest rate hikes back in December 13th, 2023. The index started to recover from 28th December and to 102.723 due to the positive news from the last Friday NFP fundamentals. Price was quickly knocked down by the negative news on the ISMs late Friday. DXY January candle has done a retracement unto the 61.8%-78.6% (EMA 20) of the December bearish candle. As a result of the retracement on the December candle, the DXY is expected to retest the weekly EMA 200 on the key level 100.500 and as at the ending of last Friday, price was resisted by the weekly resistance. On the Daily, the DXY index is expected to retest the EMA 200 at 101.706 and subsequently retest the key level 101.500 again. The important fundamentals this week are mainly the Thursday's Core CPI m/m and the Friday's PP1 m/m where the economists are projecting a negative news for the CPI. We need to keep an eagle eye on the news this week to make informed decisions.
CAPITALCOM:DXY
by AbeikuGlobal_FX
2
#USDCHF possible bullish scenarioPrice is currently testing the lower boundary of a daily bearish channel , the 1 FIB extension level , and a long-term support area . This supportive cluster could potentially lead to the formation of a low around this price level. On the other hand, the bearish move in price appears to be a corrective bearish ABC move , correcting approximately 61.8% to 78.6% from the previous bullish move. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
12
Downsite Retracement⁉️ "The price of Solana has started to move up from the bottom of the channel in the past 58 days and is now at the top."✅ 🔴Solana's price is still about 30% below its all-time high in November 2021. If Solana's price can break through its channel top, we may see a continuation of the upward trend. However, if Solana's price falls below the channel top, we may see a price correction.⛔️ While the Fibonacci retracement levels indicate a potential correction for Solana, with 61.8% (47.36) and (64.73) as possible entry💹
by AMP-BABY