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Fibonacci Retracement

GOLD → Testing the highs. News ahead. What's next?FX:XAUUSD is getting shaken on the background of dollar growth on Monday. A false breakdown is forming relative to last week's high. The trend is bullish, but before the strong news there may be a minute of panic.... Yields on 10-year U.S. Treasury bonds are rising on the back of falling interest rates, boosting the U.S. dollar. This is an unpredictable scenario, because something is not going the way everyone was expecting. Further movement depends on the Euro and US PMI data. If the PMI will again cause fears of recession in the world, the recovery of the US dollar, will change the local structure of the markets, which will cause a new correction in the price of gold from record highs. Also the focus on the escalation of geopolitical tensions in the Middle East... Resistance levels: 2625, 2631, 2650 Support levels: 2614, 2602, 2589 Technically, a correction may follow from 2625 as locally there are preconditions for panic on the background of approaching news. Traders may resort to profit taking, which will contribute to the correction. BUT, if gold continues its active recovery, a break of 2631 will open the potential for a rise to 2640-2650. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
ETC/USDT 1D Chart Hello everyone, let's look at the 1D ETC to USDT chart, in this situation we can see how the price has broken out of the downtrend line. Let's start by setting goals for the near future, which include: Target 1 - $19.43 Target 2 - $20.10 Target 3 - $21 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $18.79 SL2 = $17.76 SL3 = $16.72 Looking at the RSI indicator, we see as we again exceeded the upper limit of the range, which may translate into limiting further growth.
by cryptodailyuk
Fibonacci resistance acts up but can it stop Nifty?With lot of large caps picking up pace and delivering this week, Nifty has broke a lot of shackles and had a free run specially on Friday. Can it gallop further is the question. Nifty certainly can as large caps are acting up to the task. Companies like M&M, Kotak Mahindra, HDFC Bank, Bajaj Twins and even Maruti Suzuki and lot of other large caps are supporting it. On Friday PSUs, Mid-cap, Small-caps and other sectors such as defence which had become laggards are also trying to turn positive but word of caution here is that important fibonacci resistance level of 25852 has come into play now. The same is also the trend top. This means 25852 will be difficult to cross. If at all that is crossed next Fibonacci resistance will be at 25951. Support levels for Nifty will be at 25684, 25615, 25551 and 25494 levels. Trade cautiously with proper stop losses and trailing stop losses in place specially in case of Mid and Small cap stocks.
NSE:NIFTY
by Happy_Candles_Investment
GOLD → The shakeup after the rate cuts... What's next?FX:XAUUSD updates high to 2600 and then experiences a shakeout. Traders held the 2550 area and are currently trying to recover losses by testing the upper end of the range.... The Fed announced a 0.5% rate cut, bringing the interest rate to a range of 4.75%-5.0%. Why 0.5 and not 0.25? The Fed chief said that 0.25 poses threats to the economy that can no longer be allowed to... The gold price failed to capitalize on the sharp Fed rate cut, updating the ATH to 2600 the price headed down to the 2560 - 2550 liquidity zones. Traders are waiting for data on jobless claims and existing home sales to assess the state of the economy as a whole, the news may set the course for a correction or strengthen the general background, which will affect further growth Technically, the price approached the resistance rather quickly, which increases the chances of a bounce or a false breakout. The focus is on 2588- 2585. If the bears hold this area, the price may decline to the area of interest before rising. Resistance levels: 2585, 2588, 2600 Support levels: 2566, 2559, 2550 The overall bullish market structure is clearly visible on D1. Traders, after the rate cuts, need to take a breath and wait for additional confirming signs.... For today, the focus is on the trading range indicated on the chart... Rate, share your opinion and questions, let's discuss what's going on with ★ XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
37
BITCOIN: This May Be Your Last Chance Before Exploding to UpsideBitcoin can go up to 65k to complete the wedge, but every uptrend has to be corrected, that's the nature of the market . if wedge broken i expect the price can falling to 61K ! And we have to wait for failure so that the wedge is not broken, as if there is no wedge! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
2
Will XAUUSD Bounce or Slide?Hello Traders! As we saw Yesterday Market was very volatile and taking sl's and giving profit! Today's market could be more volatile then yesterday. as the market is now at 2586 level if XAUUSD gives closing at 2592 then we should be considering buy the strong resistance at 2592 - 2593 will bounce it towards 2600 and if 2600 breaks then it would go more up to the level 2608 by retesting the level 2595, or it does'nt breaks it then move to selling because that area would be so hard for gold to breaks, and theres also an evidence of buying because the market gives a wicks towards 2570 and closes at 2576. Further more, for sellers if market did'nt gives closing above 2592 then we can consider selling for sure first we sell and take our tps at the level of 2577 2576 then we wait here and look what market will do if it breaks it then add more sell entries to the level of 2566 2563. that's it for today! selling is powerful for tomorrow lets see i'll update you guys as soon as i can. like or follow if you guys like my idea!!
OANDA:XAUUSD
by sabellaFX
GBPUSD → A change of sentiment. What happened?FX:GBPUSD is moving into a flat phase, possibly into counter-trend correction on the background of locally changed sentiment, formed by the fundamental background of Thursday / Friday, the dollar is growing on this background. The currency pair is forming a bull market wave on D1-W1. On D1, a clear transition from bear market to bull market is formed, which is confirmed by the breakdown of the structure and smooth confirmation by the subsequent impulse. The fundamental background is (temporarily) negative, there is no news for the next two days, respectively, the sentiment from last week remains. Technically, the zone of interest for MM is the support from D1 at 1.3044. On H1 we have a strong liquidity zone ahead, which may trigger a primary pullback to the equilibrium zone before a subsequent decline to the key support and liquidity zone. Resistance levels: 1.314, 1.3163 Support levels: 1.3088, 1.3081, 1.3044 Buyers decided to refrain for the time being, shorts on the currency pair are increasing on the background of the dollar growth. Ahead is an important event - CPI, PPI, as well as the Fed rate meeting on September 18. By this time the market may be neutral Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;) Regards R. Linda!
Short
by RLinda
6
EURCAD → One step away from a rally. High chance to break 1.5100FX:EURCAD exited from the accumulation of the “descending triangle” format, which is a favorable signal for the continuation of the trend. A promising bullish structure is forming on W1. Euro, despite the ECB interest rate cuts, is growing and the growth is mostly related to the dollar, which is falling after Friday's news of PPI and Initial Jobless Claims. Now it is not the fact of the action itself that is being discussed, but how much it will be cut... Technically, the currency pair is consolidating in front of the global resistance at 1.51000. The strong level has been holding the market in the bearish zone for several years, but the fundamental background gives a chance to break and move into the realization and growth phase. Resistance levels: 1.5051, 1.51000 Support levels: 1750238, 1.4935 The primary reaction at 1.505 may end with a rebound, but most likely the bulls will manage to keep the defense above 1.5023 - 1.505, which may have a very favorable impact on the further growth of the trend. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURCAD ;) Regards R. Linda!
Long
by RLinda
8
BNB/USDT 1H ChartHello everyone, let's look at the 1H BNB to USDT chart, in this situation we can see how the price is moving below the uptrend line and was struggling to maintain the level. Let's start by setting goals for the near future, which include: T1-$554 T2-$562 T3-$583 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $544 SL2 = $537 SL3 = $527 SL4 = $509 Looking at the RSI indicator, we see that we are above the upper line of the range, which may contribute to an attempt at a price recovery.
by cryptodailyuk
AUDUSD → A reversal set-up. Rebound before the fallFX:AUDUSD is breaking the bullish market structure amid the counter-trend dollar correction related to fundamentals. The currency pair is bumping into a strong liquidity area... It will be difficult to pass the zone 0.6695 from the first time, because below this area there is a zone of high density of limit orders. Accordingly, as a reaction we see a false break of the support at 0.6699 (H4) and a rebound. Earlier there was a change of market character to bearish, rebound from the support may lead to recovery to 0.5-0.7 Fibo, from which further decline may resume to the key support from which 2 scenarios may develop. In a weak market the movement may continue, but if the general background starts to change (the dollar is in a bear market) the currency pair may start a recovery phase. Resistance levels: 0.674, 0.676 Support levels: 0.6699, 0.6686 Technically, we are waiting for a pullback to the specified zone (0.5 - 0.7 Fibo), further it is worth watching the price reaction to the specified zones. A price retest of the support will increase the chances of a breakout and further decline, but strong bulls may continue to resist the bears, which may lead to growth Rate, share your opinion and questions, let's discuss what's going on with ★ FX:AUDUSD ;) Regards R. Linda!
Short
by RLinda
7
OPUSDT → Double top. How far can we fall?BINANCE:OPUSDT cannot get out of the bears' clutches. The market continues to form its movement under the pressure of the downtrend. There are important events ahead that could shake up the trading community.... Bitcoin, as well as the rest of the cryptocurrency market continues to decline. Cryptocurrencies are not reacting to Trump's speech in any way, but traders are waiting for the U.S. rate cut in the hope that the encouraging data (0.5% decrease) will increase interest. But the 0.25% decrease will add weight to the bearish paw, which can only strengthen the already current decline. Technically OPUSDT is forming a global bearish trend, the price is not allowed to update the local highs. The last retest ended with the formation of a double top, which led to a sharp decline. Resistance levels: 1.469, 1.510, 1.544 Support levels: 1.431, 1.393, 1.3 The 1.431 area is holding the market back from falling, but a strong pre-breakdown accumulation is forming near this area with a target to continue falling. Watch out for the 1.430 trigger, a break of this zone will give downward momentum Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:OPUSDT ;) Regards R. Linda!
Short
by RLinda
6
BTC bubbling against 3 MAJOR fibs going into FOMC wednesdayStrong bull push from 52.8k Genesis fib to sister Genesis at 61,256 There is also a fib from the "Top Down" wave just below at 60,820 Lastly there is a fib of the "Covid Sitmulus" wave hovering at 60,298 Thus we are hovering just below a MAJOR resistance zone. Within the next day (of this posting time) is the FED decision. This FOMC meeting is to start the RATE CUT process tomorrow. Bulls should be CAREFUL here. Bears should be CAREFUL here. Sheep may stay careLESS here. . Below are links to the 3 fib sets in full. =============================== "Genesis" wave (called every top since 2015 including our last one): ================================================================= "Covid Stimulus" wave (caused by FED printing and often reacts with FOMC) ================================================================= "TopDown" wave (from the top, nailed the lower high from 73k): =================================================================
COINBASE:BTCUSD
by EuroMotif
ETH-USDT 4H chartHello everyone, let's look at the current ETH situation considering the four-hour interval. In this situation, we can see the price fighting against the trend line Let's start by setting goals for the near future, which include: T1-2422$ T2-2583$ T3-2702$ I T4-2854 Now let's move on to the stop-loss in case the market continues to decline: SL1 = 2346$ SL2 = 2210$ SL3 = 2061$ SL4 = 1939$ the RSI shows that we are approaching the upper limit, which may provide relief or inhibit growth in the coming hours
COINBASE:ETHUSD
by cryptodailyuk
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
BITCOIN → The fall will continue after a pullbackBINANCE:BTCUSDT is strengthening after a false breakdown of the 54.5K - 55K support. Fundamentally and technically, there is no buyer motivation. Traders have moved into the waiting or selling phase... Now BTC is accumulated mainly by wallets with balance < 1BTC... Larger wallets are not doing much. Also, judging by the statistics of various services it can be seen that the trading activity of large investors has decreased, and whales have stopped actively accumulating since August. Traders doubt the current rebound in BTC and continue to actively short it. Technically, the coin shows negative, bearish dynamics, forming gradually declining highs without the possibility to approach the retest of local peaks. For the last one and a half or two months a tight sideways range has been formed and MM continues to keep the price inside the flat, it is also worth paying attention to the descending resistance, which also prevents the market from going up, putting pressure together with SMA-200. Resistance Levels: SMA200, 59600, Trend Line Support levels: 57736, 56K, 54500 At the moment the price is consolidating in the bullish zone, which indicates a possible chance to rise to 59600. The situation may end with a short-squeeze and further decline after liquidity capture. The pressure from sellers continues and buyers are not ready yet Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
Short
by RLinda
59