Spotting EUR/USD Rebound Potential with Key Technicals!Today, we’re analysing the EUR/USD daily chart to see how key technical indicators align to impact trading decisions. Here’s what’s shaping up:
➡️ Current Support: We have an uptrend in place since April which is coinciding with a 78.6% retracement around the 1.0760/75 level (spanning June lows to September peaks). Adding strength to this support zone is the RSI divergence, signalling a potential corrective rebound.
➡️ Resistance Levels to Watch: For potential rebound targets, I start with Fibonacci retracements and key resistances:
• First Resistance: The 200-day moving average aligns with the 23.6% retracement at 1.0872.
• Second Resistance: The 38.2% retracement around 1.0950, showing multiple resistance touches, making it a significant challenge for further price movement.
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Community ideas
USD/JPY rally facing fundamental test with US job openings data USD/JPY remains a play on the US interest rate outlook, sitting with an incredibly strong correlation with US two-year Treasury note futures of -0.98 over the past fortnight. When short-dated US debt futures have moved in a particular direction, USD/JPY has almost always done the opposite, mirroring US Treasury yields.
With there's no obvious reversal pattern in US two-year note futures in the right-hand chart, providing reason to be cautious about getting to aggressive, with the first of the week’s major US economic releases on the way in the form of JOLTs job openings for September, the risk of profit-taking in USD/JPY appears elevated.
After a surprise bounce in August, markets are looking for only a minor decline in openings of 50,000 to 7.99 million. Notably, this survey tends to bounce around and we haven’t seen back-to-back increases since late 2022. That hints at the potential for a downside surprise that could spark downside for US Treasury yields and USD/JPY which have run very hard in recent weeks.
If the price holds below 153.19, you could initiate shorts with a tight stop above for protection targeting a return to the 200DMA.
Good luck!
DS
Bitcoin Prints the First Golden Cross in Almost Exactly One YearWe'll have to see if it sticks but BTC has just printed a golden cross. The crazy thing is, the last golden cross occurred on October 29th 2023! This golden cross was 2 days short of exactly hitting the 1 year mark. We all know what happened after the last golden cross, over the next 4.5 months the price increased by over 116%.
If you take the time to study Bitcoin's price history, it is very clear that Bitcoin has been running in 4-year market cycles. This is especially true for the last two market cycles. From bear market bottom to the next bear market bottom, the 2015 to 2018 market cycle was 1432 days in length, and the length of the 2018 to 2022 market cycle was 1438 days. Even the elapsed times between events (bottom to halving, halving to peak, and peak to bottom) during each of these cycles is very consistent.
Obviously, this market cycle trend doesn't have to continue, but I believe that it will, at least for this cycle. If that is the case then I wouldn't expect the post halving bull market to begin until late October or November of this year. Looking back at the previous two cycles, the 2016 bull market started 259 days after the halving, and the 2020 bull market started 149 days after the halving. We are now 192 days past the halving that occurred on April 19th.
There is always a chance that I am totally wrong and the peak in March was the peak for this market cycle and it will be all down hill from here. But, I believe the probability of that is very low. But this is just how I am approaching this market cycle, every investor needs to do their own research and make their own decisions. I also make my decisions based on my long-term view and long time horizon.
Crude Oil Smoked Again. Will the downtrend continue?Hey, guys. Noticed this evening Crude Oil is down yet again. In this video, taking a look at the technicals and whether this downtrend will continue or not. Oil is in a little bit of a confusing spot, but there is certainly good reason to think the weakness will continue. Hope this video will give you a closer look at the Oil chart and provide helpful information as you develop your thesis around this asset. Will the downtrend continue? Will we get a counter trend move? It will be interesting to watch this develop to be sure! NYMEX:CL1!
Hope you enjoy the video, and best of luck out there!
Short-term EURUSD ideaAfter yesterday's better than expected flash PMIs from Germany, we saw EURUSD finding some buying interest. Let's see if we can get a larger correction to the upside.
EASYMARKETS:EURUSD
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Apple Calls Be careful!!!News: Apple will be reporting earnings on Thursday October 31.
Apple has a high of 237.49 that was created on Tuesday October 15, 2024. This high created has topped the previous high 237.23 created on Monday July 15, 24.
Pattern we are trading is is a ascending triangle tu the up side on the daily and 4hr time frame.
Every pull back has created a Higher Low (HL) which continues bullish momentum.
In the ascending triangle pattern, i have created two trendlines indicating support.
The dash line being the weak and the solid line being the strongest.
Gold Price Outlook: Key Insights for Next Weeks Trading DecisionAs we head into the new week, gold prices remain resilient, fueled by heightened Middle East tensions and U.S. election uncertainty that keeps investors seeking safe-haven assets. Despite dollar strength and recent rate cuts by the Federal Reserve, gold has surged over 32% this year, reflecting sustained demand in the face of global instability.
In this analysis, we cover critical areas for buyers and sellers alike, focusing on structural patterns, market psychology, and potential trade opportunities you won’t want to miss. Whether you're watching the price action or setting up entry points, these insights will equip you with a clear roadmap for the week ahead.
Will gold continue its strong performance, or could a new catalyst shift the trend?
📌 Stay tuned as we navigate the next big moves in the Gold market!
#goldprice #goldtrading #investing #commodities #marketanalysis #tradingstrategy #goldforecast #geopolitics #election2024 #safehaven #financialmarkets #forex #daytrading #swingtrading #middleeast #usdollar #economicuncertainty📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
how I find support and resistance of a trendTo understand Price Action, first thing we do is to look for (S) and (R) to help us read strength&weakness of price.
This video will explain how I find Support and Resistance of a trend.
I will provide example of what your chart will looks like throughout trading hours.
how to know which candle to draw (S)/(R).
Tracking Economy with this Ratio – Copper vs Gold RatioThe Fed is using the Copper / Gold ratio in tracking economy and its growth.
Currently, the copper / gold ratio is still trending downward, which indicates that the economy may not be recovering that soon.
Copper Oil Futures & Options
Ticker: HG
Minimum fluctuation:
0.0005 per pound = $12.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
$SOUN :Is Sound Hound AI the next small cap to SURGE?! 98% move!NASDAQ:SOUN
Is Sound Hound AI the next small cap to SURGE?!
I believe this stock is gearing up for a 98% move higher! So, let's dive into my video below, which talks about the NASDAQ:SOUN stock charting setup for a SURGE to the upside and how it meets my 5/5 trading setup! (My personal trading strategy)
Not financial advice.
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Comment what stock you want to see charting analysis on below.
HOW And WHY The Markets MoveIn this video I explain HOW and WHY the markets move.
At it's core, trading is a zero-sum game, meaning that nothing is created. There must always be a counter-party to any trade, after all it is called "trading". Because of this, liquidity is the lifeblood of the market and it is what is required by all participants, albeit more for the larger entities out there. In order for these larger entities to trade, they must do so in stages of buying and selling, and not all in one single position like we do as retail traders. They buy on the way down, and sell on the way up, throughout many different time horizons. Therefore, they require price to be delivered efficiently in order to sustain this working machine.
I hope you find the video somewhat insightful. Regardless of your beliefs, I think it can be agreed that these two principles are what drives the marketplace and it's movements.
- R2F
HFTs gaps: Learn how to enter a stock before a huge gap up.High Frequency Trading companies are market makers/takers that provide liquidity for the public exchanges, and they now use AI. HFTs have a huge impact on your profitability. You can make higher profits from trading ahead of the HFT gaps and riding the momentum upward or downward.
In this short video, you'll learn some basics on how to identify the patterns that precede HFT gaps, which I call Pro Trader Nudges . Learn what to look for in Volume patterns and pre-gap price action.
Make sure you are not chasing HFTs but riding the wave of momentum they create, just like professional traders do.
The TradingView Show: Charting Big Moves with TradeStationJoin us for our recurring series as we breakdown in great detail the latest market movements, emerging trends, and critical financial news with @TradeStation. This monthly show is meticulously crafted to keep traders informed about the developments that truly impact the markets. Explore our comprehensive video library on our profile—just scroll back to catch up on past episodes. And remember to follow our @TradingView account to ensure you never miss a show.
For our new traders, this episode will provide actionable insights, educational resources on charting, and a robust introduction to market dynamics.
In this episode, we’ll cover the following topics:
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- Essential crude oil charts and their implications for energy stocks
- Insights into small-cap trends
- A deep dive into semiconductor stocks like ASML and NVDA
- The recent breakout in the banking sector
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Short EUR/AUD setup looking for retest of 1.6000Thursday's bearish engulfing candle has seen the price move below 1.6188, a level that has acted as both support and resistance over recent weeks.
If the price can remain beneath this level into the European open, consider shorting below with a stop above for protection.
The initial target would be 1.6115. If that were to give way, a retest of 1.6000 could be on the cards.
Good luck!
DS
Tracking Inflation with this Ratio - Crude Oil vs Gold RatioThe Fed is using this Crude Oil vs Gold ratio in tracking inflation.
The one in white is the inflation and the one in yellow is the Crude Oil vs Gold ratio.
We saw that when inflation peaked at 9% in June 2022, so did this ratio.
Although we recently saw a cut in interest rates, the yields are now moving higher, and gold has maintained its high point.
This makes us wonder: will inflation move toward the 2% target, or is it still at risk of rising further?
Micro WTI Crude Oil Futures & Options
Ticker: MCL
Minimum fluctuation:
0.01 per barrel = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Bitcoin Breakout or Pullback Zone Before Heading Higher? In this video we examine the current Bitcoin chart at resistance.
Most likely, we retrace here for a bit and then push higher into the next resistance zone of around $70k and possibly to retest the previous ATH zone @72k - 74k.
Lots of sell pressure at the previous ATH which can also be seen on the Total Market Cap, using our Order Block Detector.
Not much happening now and until we can find the money flow and volume to push up.
Many people likely waiting for the election on Nov 5th, which coincides with the market cycle low according to our Market Cycle models (based on Hurst's research).
Let me know your thoughts below, and please like the video.
- Brett
Traders could veer towards the yen with risk events loomingIt is no coincidence that VIX futures have been creeping higher in recent weeks despite Wall Street hitting record highs, as traders are presumably hedging downside risk as we approach the US election. And that means it may not take much to spook traders out of bullish bets with markets at frothy levels, and that could see the yen strengthen as a safety play. Matt Simpson takes a technical look at yen pairs of interest.
BUY NZDJPY - trade explained in detailTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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