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EURUSD → Is a 300 pips drop not the limit? What's next?FX:EURUSD reaches an important target. As part of the realization, the price passes 300 pips. The fundamental background for further rate cuts is generally favorable The strengthening economy in the U.S. combined with a growing dollar (extreme rally of the index), the rate of interest rate cuts in Europe are doing their job. The fundamental background for the currency pair is weak, accordingly, in relation to this situation, in the medium term it is worth considering the continuation of the decline. The price reaches 1.078 - the liquidity zone. The pool of liquidity below this zone can push the price away, forming a correction to the imbalance zone, or to the local maximum, from which we can further consider the continuation of the fall. Resistance levels: 1.085, 1.087 Support levels: 1.078, 1.067 The last time the level was tested in early August. This fact in tandem with an aggressive fall of 3% may form a rebound due to the lack of technical potential to break the support level. Consolidation or correction may allow the market to accumulate strength... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
9
USDJPY → Attempting a trend change. Retest 149.0FX:USDJPY is testing range resistance in the rally phase caused by Friday's news - strong NFP report. The fundamental backdrop within the short-to-medium term is set... From the opening of the session a small correction is forming, the aim of which may be a retest of the support or imbalance zone and consolidation of energy before a further breakout. The market structure is locally bullish on the background of the dollar growth. The Japanese authorities are still silent about their actions to strengthen the national currency (either they think about it or don't think about it :) ), so traders are increasing JPY sales in order to buy USD. The first retest of the resistance at 149.4 failed (bounce). Emphasis on 0.5 fibo or 147.2 support from which the growth may resume... Resistance levels: 147.38 Support levels: 147.5, 147.2, 146.15 On the chart there are preconditions for the change of the local trend to a bullish one, the fundamental background is favorable for this. If the bulls will keep the defense above the support and continue to test the resistance with a breakdown target, then in the short-term-senior perspective we can catch the forging of the impulse to 152.0. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDJPY ;) Regards R. Linda!
Long
by RLinda
8
GOLD → Consolidation at bullrun. Shall we update ATH?FX:XAUUSD is forming the lower boundary of consolidation within the local correction. False breakdown of MA-50 and support at 2713 activate buying. Bulls are aggressively buying gold at every opportunity Uncertainty around the US presidential election, market caution ahead of key US earnings reports are reviving demand for traditional safe-haven gold. In terms of the upcoming interest rate cut, the market has probably already resigned itself to the most likely 0.25% cut. Also, we continue to monitor the difficult economic environment in the markets of China... The Middle East conflict is still at the same level, with no signs of escalation or de-escalation, but it should not be overlooked. The metal is forming a sideways range of 2739 - 2713 - consolidation. A primary retest of resistance could trigger a correction to 2728, or deeper, but with a high probability, gold could continue to rise Resistance levels: 2739, 2750 Support Levels: 2728, 2713 Price may test the ATH in the near term. If the bulls break the resistance and hold the defense above 2739, gold may continue to rise. If a bounce or false breakout is formed, the price may test the nearest support. Next, we need to watch for a reaction. If gold will return to retest 2739, then the chances of a breakout and further growth will grow! Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
12
GOLD → Realization continues, risks increase!FX:XAUUSD is at its highs. The price continues to rally and update the highs from the opening of the session on Monday. No selling, but buying should be cautious! Traders are waiting for the Fed officials to speak in the nearest future. The main issues are inflation, interest rate cuts and the US economy. Optimism about Chinese stimulus, as well as ongoing tensions between Israel and Iran are supporting gold prices (In times of geopolitical turmoil, investors prefer to rush to traditional safe-haven gold prices) With each passing day, the impact of the US election race is appearing more and more. The probability of a Trump victory is rising. Trump's fiscal and trade policies are seen as inflationary and positive for the US dollar Resistance levels: 2736, 2750 Support levels: 2732, 2724, 2713 There is no news in the next few days, the fundamnetal background remains the same, so gold may continue to rise. The focus is on the nearest support zones for realization of purchases. At the moment the range 2736 - 2724 is formed Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) With Respect R. Linda!
FX:XAUUSDLong
by RLinda
13
NEIROUSDT → Someone's interested in the coin. Consolidation...BINANCE:NEIROUSDT is a rather interesting coin, which looks quite promising and stronger than the general market. Consolidation is forming on the background of the bullish trend. A good hint of the trend continuation... The coin is moving in steps. The pullback is forming the lower boundary of further consolidation, the purpose of which is to accumulate the potential for the continuation of the trend. Exceptionally bullish character of the movement... Emphasis on the borders of the current consolidation 2.182 - 1.835. The extreme support retest ended with the confirmation of the accumulation boundary without updating the local minimum, which indicates that the correction (most likely) is coming to an end. The reason indicating the readiness of the price to leave the accumulation and move to the realization phase will be a prolonged trade near the resistance. Resistance levels: 0.002182 Support levels: 0.0018355 Consolidation continues, I am waiting for the moment when the coin sticks to the resistance and starts to consolidate between 2.18 - 2.07. In this case, the coin will move to the formation of a pre-breakout consolidation with the aim to breakout and further growth. I don't exclude the fact that NEIRO may go to 1.517 for liquidity before continuing its growth. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:NEIROUSDT ;) Regards R. Linda!
Long
by RLinda
1
GOLD → The realization phase continues. What are the targets?FX:XAUUSD in the phase of realizing the accumulated potential updates ATH to 2714 and is in no hurry to give up, movements can be continued... Gold feels support from the Chinese markets after positive hints from the People's Bank of China revived hope for stimulating the economy. Also from the European side - the ECB cut its key rate, in anticipation of another, fourth cut in December... Strong data from the US on Thursday pointed to a solid economic outlook, but this failed to change the odds of a 0.25% rate cut by the US Fed in November. In addition, the gold price found fresh demand amid escalating geopolitical tensions between Iran and Israel (Hamas leader eliminated) Resistance levels: 2711.7, 2715, 2720 Support levels: 2702, 2696, 2689 Technically, gold continues its bull run once again. The chart indicates key support areas that may be of interest before further rally. A correction has been forming since the opening of the European session, but price is quickly returning to ATH. If the bulls hold the defense above 2711, the growth will continue without a pullback. Targets are indicated on the chart Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
5
EURUSD → Active sale. Emphasis on 1.0900FX:EURUSD continues to update lows since the fundamental background and uptrend change. Price is descending in a calm and progressive manner, which generally indicates the strength of the trend... A strong drop from the distribution phase without any pullbacks is an indicator of a strong trend. There is a key liquidity zone ahead, which could form a surge in volume and liquidity that could lead to a small correction. For example to 1.095 - 0.7 fibo. On the Daily chart we see the realization of a failed breakout (false breakout), a strong distribution is formed. The liquidity at 1.077 - 1.067 may become the target of such a movement Resistance levels: 1.095, 1.100 Support levels: 1.089, 1.077 There is no news until Wednesday, so the fundamental background remains the same. The market may stop and go into consolidation, but with a high probability the fall after the breakthrough of 1.089 will continue... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
10
DOGS → Double bottom favors resistance breakoutBINANCE:DOGSUSDT is forming a double bottom followed by a breakout of trend resistance. Quite a promising situation, provided the bulls hold their defenses above 0.00081. After the listing, the coin flies to the moon due to the dump, but after the appearance of a strong seller or lack of interest from the buyer, against the background of weakening support of Pavel Durov arrested in France, a market phase change to a “dump” is formed. Technically, a double bottom is formed on 4H, followed by the renewal of local lows and the breakout of trend resistance, which indicates the formation of a market bottom. At the moment, the cryptocurrency market shows bullish dynamics, which can affect DOGS accordingly Resistance levels: 0.000885, 0.000938 Support levels: 0.00081 After the dump the coin has good chances to show already adequate realization. If the bulls keep the defense above 0.00081, we will have chances to get on the train to the north, to the targets 0.00096, 0.001, 0.00117 Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:DOGSUSDT ;) Regards R. Linda!
Long
by RLinda
1
GOLD → Will the rally end with a FB? 2670 - liquidity...FX:XAUUSD is growing together with the dollar, the correlation cooled down after the change of fundamental background. The range of 2670 - 2600 is being formed. The metal is rallying to resistance for liquidity. Geopolitical issues. High tensions in the Middle East as well as rising tensions in East Asia between China and Taiwan are worrying investors looking for safe havens. Last week showed not so good economic data for gold. The dollar rose very strongly during that time. But gold gold traders were most likely paying attention to the dovish remarks by Fed policymakers about lowering interest rates.... Technically gold is in a sideways range and is testing liquidity above 2660. The bears are likely to give a not so warm welcome.... Resistance levels: 2663, 2670, 2685 Support levels: 2650, 2637, 2623 Strong movement from the bottom of the range reaches its upper boundary. Technically, the price has no potential to break through the strong range resistance. A false breakout is possible, the purpose of which may be to capture liquidity, followed by a decline. The situation may be broken by unexpected geopolitical or economic news, but at the moment there is no such news Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
BITCOIN → The rally is manipulation. U-turn and down to 52K?BINANCE:BTCUSDT confirms the bearish market structure. After the 59K retest, the price rallies 7%. There is no technical or fundamental explanation for this market manipulation: $6K down, $ 4K up, $5K down, $ 4K up within the last two weeks... Bitcoin is still trading within a sideways range of 65K - 52K. The last resistance retest ended in a false breakdown and a price drop of 11% to 59K. Also, the local change of the market character (price confirms the downtrend) to bearish and formation of the downtrend channel (I remind about the downtrend on D1-W1) plays an important role. Emphasis on resistance 63400, 64130, 65000, possible retest or false breakdown followed by downside realization as we still have not reached the key liquidity zones.... Resistance levels: 63400, 64130 Support levels: 61320, 59000 The price is testing the resistance zone as part of the rally. There is no accumulation or technical potential to overcome this area for further growth. Within the bearish trend, the buyer does not show dominant signs and with high probability it will be stopped in the key zone. A reversal and decline to the lower zone of the sideways range is possible... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
Short
by RLinda
120
GOLD → Consolidation in correction phase ahead of news...FX:XAUUSD is in correction phase, but before important news a consolidation is formed due to fear and unpredictability factor. Analysts are expecting a decline in inflation, but what will happen in fact? A bull run or a dump? Markets are pricing in an 81% chance of a 0.25% interest rate cut in November. But yesterday's minutes showed that most officials supported an excessive 0.5% rate cut to balance inflation confidence and labor market concerns. Ahead of CPI, Initial Jobless Claims ... If CPI shows stronger data, the question among regulators will be in a different vein of “should we cut 0.25?” which will only reinforce the dollar's rally and markets will continue a solid correction. A larger decline in CPI could revive hopes of an excessive Fed rate cut in November, triggering a correction in the US dollar. Gold could experience a fresh influx of funds..... Resistance levels: 2623, 2627, 2637 Support levels: 2605, 2600, 2585 Technically gold is in correction and the pressure from bears continues. In the mid (short) term, I expect a retest of resistance at 2623 (a false breakdown is possible) followed by a decline to 2600-2585. It is not excluded that the news may have an opposite effect... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
30
EURUSD → The triple top is in the 1.1200 zone. Falling?FX:EURUSD is facing strong resistance forming a reversal pattern relative to the 1.1200 sideways range boundary. The bulls are not yet able to continue the trend. The dollar is bouncing.... On the back of unpredictable economic data confirming the problems in the US economy (manufacturing, banking sector), the markets are rebounding. DXY strengthens after the market held 100.0 support. EURUSD reverses course amid sentiment changes. Price forms a triple top reversal pattern and faces a strong sell-off, within which breaks trend support. In the short-term, we may catch a correction to the imbalance zone (with the aim of retesting the previously broken channel boundary), after which the decline may continue to 1.100, 1.095, 1.089. Resistance levels: 1.11, 1.1125, 1.115 Support levels: 1.107, 1.104, 1.100 ADP NonFarm ahead and before the news, the market may quiet down and form a correction. In case of EURUSD, the zone of interest is 1.11 - 1.113. The fall may resume from these zones.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
2
BITCOIN → False breakout of $ 65,000. What's next ↓ ?BINANCE:BTCUSD entered a strong buying zone (above 65K), but the bulls failed to realize the potential. The price returned in the channel boundaries, eliminating the positively-minded... A false breakout is forming relative to 65K. After the liquidation and strong impulse, a small correction is formed, directed to the imbalance zone. The retest may end with the bears holding the defense below 65K, in this case the price may start a gradual decline due to the lack of opportunity to break through 65K (in this case the all-time favorite pattern “Head and Shoulders” may form here). The focus is on the support 62745, below which an ogrom pool of liquidity is formed, if the price enters this zone, the market may spill down.... The global range of 65K - 55K is still relevant. It is not excluded that the resistance can be broken quickly, but for the moment the fight for 65K is still going on... Bears will be able to confirm their victory provided the price consolidates below 62800. Resistance levels: 65K, 66K Support levels: 62745, 61320 As the fight for 65K continues, the bulls may make another attempt on the background of the retest. If they will be able to consolidate above the 65-66K zone, the price will head to the global resistance - 68-69K, where a more serious, fierce struggle will develop... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Short
by RLinda
12
DOGE → Another manipulation or growth? What to expect next?BINANCE:DOGEUSDT in the distribution phase is aiming for a strong resistance at 0.11546. The global and local trend is bearish and there are no hints of breaking it yet. A contrend rally is forming.... On H4, the sideways range plays a relevant role. The last time we tested 0.11546 at the moment of its formation - exactly 1 month ago. There is no potential for breaking the level and further growth on the background of such a strong movement. The most probable scenario in this case is a rebound or a false breakdown, which may lead to a correction. BUT! The structure may be broken if there is no pullback or the coin will start to form consolidation near 0.11546 with further signs of resistance retest and readiness to go higher.... Resistance levels: 0.11546 Support levels: 0.11099, 0.107, 0.103 DOGE does not enjoy any strong interest from traders due to the high level of manipulation by big players. At the moment, on the background of the global bearish trend it is worth looking for strong resistance levels with the purpose of catching bounces Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:DOGEUSDT ;) Regards R. Linda!
Short
by RLinda
9
GOLD → The safe asset continues to be bullrun ↑FX:XAUUSD does not react properly to the growth of the dollar. The metal continues to renew highs and seeks upward. There is no resistance ahead and the geopolitical backdrop is blowing a favorable wind.... Gold is holding near an all-time high as buyers refuse to give up amid recent Fed comments, China's stimulus (China's Central Bank today announced an unprecedented blitz of support for the economy) and escalating geopolitical tensions in the Middle East. China is the world's top consumer of the yellow metal The gold price tends to benefit from geopolitical tensions due to its traditional safe-haven status. Also, the Fed will continue to hint at another 0.5% rate cut Resistance levels: 2634, 2640 Support levels: 2623, 2614, 2602 The general background hints at an active continuation of the growth. If gold will consolidate above the maximum of the previous day, then in the mid (short) term we should consider the continuation of growth to 2650-2660-2675. It is not excluded that there may be a correction before further growth due to the approaching important news... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
21
GOLD → Is it worth going up against knives? No trading history.. FX:XAUUSD continues to renew its high without any strong pullbacks. Buyers continue to behave quite aggressively before strong news. But everywhere there are risks and BUT!!! There is a lot of news ahead before the important Fed meeting on interest rates, where they are likely to be cut. The question of “by how much” remains open, as weaker data (25 basis points) could trigger an unexpected reaction in the market that could lead to a correction.... But before that we have to face retail sales, CPI, FOMC.... Volatility will be elevated in the week ahead.... BUT! For intraday trading right now, there is such a problem as lack of history. You need to build a strategy from the general technical and fundamental background, as well as from local levels and key zones. BUT! The market is strongly bullish and before the news there can be both profit-taking and continuation of the rally.... Resistance levels: 2588, 2600, 2610 Support levels: 2577, 2573, 2563 The local range 2588 - 2577 is being formed. Before the news, traders may go into a consolidation phase, but we should keep an eye on the dollar, if it starts its downward flight, gold will react accordingly. Accordingly, a breakout of the local range boundaries may trigger a move to one side or the other. REMEMBER! The market is bullish! Selling without proper reasons is the same as going against knives! Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
25