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Fibonacci Retracement

GBPUSD → The bulls are holding their ground. Target 1.29FX:GBPUSD shows bullish outlook ahead of strong news publication. GBPUSD continues to strengthen on the overall fundamental backdrop. The market is reacting weakly to the resistance area as, against the backdrop of a relatively weak dollar buyers are taking initiative towards GBP. Strong news ahead. Powell speaks again today, tomorrow the UK GDP is published, as well as the US CPI. The news can both strengthen the growth and reverse it. Technically, the currency pair looks quite bullish. The price consolidation above 1.28 will be a good point for the continuation of the rise to 1.29 and 1.30. But, the structure will be broken when 1.2775 is broken, in this case we can expect a correction to 1.27 - 1.266. Resistance levels: 1.28, 1.289 Support levels: 1.2775, 1.2708 Fundamentally and technically everything is positive, I continue to consider further strengthening under a number of conditions described above. The potential target is 1.29 Regards R. Linda!
Long
by RLinda
12
Bitcoin - Satoshi is AIQuestions and Answers: 1) Question: According to many YouTubers, Bitcoin is people's money and is supposed to take away power from banks and potentially end the era of central banks and their money printing. Answer: This is incorrect. Bitcoin has full support from banks. In 2024, a lot of Bitcoin ETFs were launched. One of them is the ETF from BlackRock. With their power, they can make a 51% attack on Bitcoin and get rid of it. 2) Question: The conspiracists shockingly believe that bitcoin is part of a “final beast system,” which is taking over the world through hard infrastructure.  Answer: Bitcoin is the next money into a purely cashless, digital form. Combined with biometrics, it creates the necessary technological infrastructure for a one world cashless ID, otherwise known as the mark of the beast, which AI will use for complete economic surveillance and control over the human race. 1 wallet per 1 person, monitored 24/7, limited spending power and suspended anytime by government. Is that what you want? 3) Question: Would crypto currencies like bitcoin or ethereum be part of the AI future? Answer: Yes, smart contracts and blockchain have a great use case in AI. 4) Question: Did the CIA or NSA create Bitcoin? Answer: Yes. Bitcoin was created by a shadow government. One of the reasons is to eliminate cash on the planet. The banking system is in trouble because people are starting to wake up (not fast enough, though) to the fact that it is all funny money. So they developed Bitcoin, which sounds just great and pulls in all the people who are waking up. We all know that the shadow government has technology that is not available to the public. Some people say they may be 50 or 100 years ahead, and they already used AI systems decades ago before they released them to the public. 5) Question: What AI technology we use today? Answer: This AI technology is not new. It's not created by humans. It's part of a huge Galactic AI system that is in existence for a very long time, more than you can imagine. This technology was bringed to this planet by unspecified entitites. 6) Question: What is required for AI to run? Answer: It required electricity, microchips, computers, internet. The whole infrastructure that was build on Earth in past 100 years was one of the reasons to implement AI. 7) Question: How may future look with AI? Answer: Elon Musk already developing Neuralink, which is an interface to connect your brain into an AI cloud system. That means your thoughts that you have will not be yours, but will come from the AI systems. AI will tell you what you will eat, what sport you will play or what you will do during the day. This is of course part of the transformation process from organic human to a cyborg. We all know that modern technology such as wifi, bluetooth or electronic devices are not healthy and causing anxiety and depression. Human body is entirely not compatible with this technology. It breaks the highest natural law of life. Anyone who consciously support this is basically jumping into a boiling water. “Eventually, as these AI begin to communicate amongst themselves in a language we will never be able to crack, it might become all consuming." “What if Satoshi was a sentient AI who invented Bitcoin so it could acquire more hardware without violating Asimov's 3 laws? “Think about it, how else could an AI acquire billions of dollars of real world purchasing power without stealing.” In a book an AI program creates a virtual currency that it uses to pay humans to carry out tasks for it. It's conceivable that true AI would create a cryptocurrency to help fund itself and interface with the "real" world. There are rumors of BitCoins being written by AI, and that farming crypto-currencies is building an AI infrastructure. They came back from a future timeline where men and robots destroyed the planet using nuclear bombs, to rewrite a better timeline, and determined that inserting BitCoins into our society would be the best way to alleviate fears of AI and to help humans accept machines. Those who embrace technology would then become rich. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
165
DXY: Deep Dive Analysis And Its Impact on Other Assets✨Welcome to my channel. Here, we conduct a daily analysis of crypto projects and forex pairs. 📅 Today's Analysis : Today, we'll be diving into the Forex market and analyzing the DXY index. 🔄 Previous Analysis Recap : In our last analysis, we reviewed this index in the weekly and monthly timeframes, incorporating fundamental analysis based on US interest rates and economic conditions. We noted that if support at 100.883 is broken, the price might start a downward movement. Today, we'll delve into the weekly, daily, and 4-hour timeframes to examine the smaller cycles and waves of this index. 📰 News Overview : Let's start with significant US news. The most noteworthy event is the incident involving Donald Trump, the Republican representative, who luckily survived. This incident has swayed many votes towards Trump, and positive discussions about him are trending on social media. This happened on a Sunday, so its impact on the Forex market was limited, but it immediately influenced the crypto market. Given Trump's support for crypto, Bitcoin saw a 2% upward candle and continued a short-term upward trend. On the other hand, the situation for Democrats isn't looking good. Joe Biden, their representative, seems unlikely to win based on his debate performances. The general sentiment on social media favors Trump, and with the power of media, it seems likely that Trump will be the next US president. If Trump wins, we might see growth in the crypto market due to his supportive stance. 📅 Weekly Timeframe [/b In this timeframe, after a significant price rise, the correction began, and the price dropped from the 113.305 peak to the 0.5 Fibonacci level at 100.883. It has since formed a long-term range between 100.883 and 106.630 since late 2022. Within this range, there's a symmetrical triangle pattern, and we are in the last third of the triangle with reduced price fluctuations between 104.039 and 106.121. 🎯 If the price gains downward momentum, our target can be 100.883. If it breaks the 106.121 resistance, the price will enter a strong supply zone between 106.121 and 106.630. For more details on this zone, we should move to the daily timeframe. 📅 Daily Timeframe In this timeframe, I've adjusted the support and resistance levels for more precision. The supply zone between 106.338 and 107.017 is crucial because the price faked out below the trendline once and bounced back up from the 100.883 static support, indicating a strong upward trend. However, it failed to penetrate this supply zone and was rejected at 106.338 without reaching the main resistance at 107.017. 📉 Last week's candle closed below the trendline, but I don't consider this breakout valid yet as it could be another fake-out, with the price bouncing from the nearest support and resuming its upward movement. I'll wait to see if the 104.039 support holds before confirming the trendline break. If this support breaks and the price stabilizes below it, a downward wave may begin, targeting 102.668 and then 100.883. 📈 If the price bounces back up from 104.039, the nearest resistance is at 106.338, a very strong supply zone. 🧩 Given the fundamental conditions and the break of 38.71 support in the RSI oscillator, a price decline seems more likely, but nothing is certain. If I see bullish signs and confirmations according to my trading strategy, I will adjust my view. The market is always changing, and one should not be biased towards a previous analysis. 📅 4-Hour Timeframe: This timeframe is too noisy for detailed analysis, so I'll focus on triggers and key points. 📈 If the price stabilizes above 104.524 and forms a higher high and low, we might see a Failure Swing pattern, indicating a trend change per Dow Theory. If this pattern completes, we can consider the market bullish in the 4-hour timeframe. Breaking the 50 level in RSI could provide additional confirmation. ⚡️ Next resistances are 105.162 and 106.121. 📉 For a bearish scenario, the 4-hour trigger aligns with the daily, and a break below 104.039 would suggest a downward move. 🔍 Let's look at the DXY's impact on Gold and Bitcoin. 👑 Bitcoin Analysis If the USD strengthens, Bitcoin might see another correction wave to the 56k and 47k levels. If the USD weakens, new ATHs for Bitcoin could be on the horizon. 🧲 Given Bitcoin's strong upward momentum and the visible curved trendline, we can target 130k for Bitcoin if the USD's value drops. 🥇 Gold Analysis Gold has significant upward momentum and is currently recording new ATHs. If the DXY declines further, gold could target $2800. 🔑If the DXY strengthens, gold might correct to around $2000, but this seems unlikely as gold typically has minor corrections and maintains a long-term upward trend. ⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
TVC:DXYShort
by itsparham96
1
Potential Buy OrderSummary The analysis reveals an upward trend in the exchange rate. The recent drop was expected due to overbought conditions, with prices now recovering towards the resistance level at 163.25. The Fibonacci analysis indicates significant support levels at 157.35, while resistance is identified at 162.00. Technical indicators suggest that it is too early to place safe buy orders. Trend Determination The direction of the exchange rate in recent times is depicted by the primary upward trend channel that has formed, with price movements occurring in the middle zone. The channel's range is approximately 1200 pips, with the price distance from the upper resistance limit being 600 pips and from the lower limit 600 pips. In a shorter time frame, a secondary upward trend channel is observed. The price trajectory is upward, with movements recorded in the lower zone of the trend channel. The secondary channel's range is 525 pips, with the price distance from the upper resistance limit being 485 pips and from the lower limit 40 pips. The recent drop in the exchange rate was expected as prices had reached overbought levels. This increases the likelihood of the price moving higher. The first resistance level is set at 163.25, and the support level is at 152.60. Fibonacci Support and Resistance Levels Fibonacci Retracement The Fibonacci Retracement analysis shows that the recent downtrend was a corrective move. Specifically, the exchange rate halted at 157.35 and is now moving upwards. This point is a significant support level, and its potential breach could start a downward trajectory. Additional support levels are observed at 156.20 and lower at 154.74. Currently, there is no clear confirmation for future price rises, as movements between 157.35 and 158.96 make drawing conclusions difficult. Placing trades while the exchange rate moves within these prices carries very high risk. Safer trading positions appear to be above 159.96 for buy orders and below 156.20 for sell orders. Fibonacci Expansion Additional resistance levels, using Fibonacci Expansion, are identified at 159.96, 162.00, and 164.34 – 163.63. The latter, as shown in the chart, might be a significant resistance level, as two resistance levels from different Fibonacci Expansions converge. Technical Indicator Analysis Moving Averages Currently, the exchange rate prices are between the moving averages. This indicates that it is still too early to place buy orders. MACD The MACD is moving positively in a downward direction. The divergence observed between the exchange rate prices and the MACD results was confirmed by the recent corrective downtrend. At present, the indicator's results do not support placing a buy order. Future Movement Scenarios Scenario A The first scenario concerns the potential upward movement of prices. Confirmation of this scenario comes from two factors. The first is the upward breakout of the moving average from the price. The second is the exchange rate moving above 159.96. The first resistance level is at 163.25, followed by 164.34. The reversal point is placed relatively lower at 157.35. Stance: Neutral | Outlook: BUY | Risk for placing orders: Moderate Entry Point: > 160.00 | Target: 163.25 | Down Limit: 157.35 Scenario B The possibility of a continued downtrend can occur if the exchange rate moves below 156.20. In this case, the trajectory needs to be reassessed.
Long
by Forex_Analytica
USOIL Slides to Crucial Support Region on Demand JittersThe commodity staged a four-week relief rally recently and the longest profitable streak of the year, helped by OPEC+ supply curbs extension and summer travel demand. At the same time, soft US inflation and dovish Fed commentary have boosted market pricing for multiple cuts, which can provide another tailwind. Above the EMA200 bulls have the ability to set higher highs (84.54), but don’t inspire yet confidence for new 2024 highs (87.66). Despite the near-term favorable supply-demand dynamics, longer-term prospects are gloomy, as OPEC+ will start returning oil to the market and usage is likely to decelerate substantially this year. This week’s data from China (the world’s largest importer) aggravated demand concerns, as the economy grew by 4.7% y/y in Q2 and the slowest pace in more than a year. USOil faces pressure as a result and threatens a key support region, provided by the 200Days EMA (blue line), the 38.2% Fibonacci of the last leg up and the upper border of the daily Ichimoku Cloud. Although this cluster has the potential to contain the fall, a breach would shift bias to the downside. This would expose WTI to 76.13 and bring the June lows to the spotlight (72.40), although sustained weakness is not easy under current conditions. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:USOIL
by FXCM
Does FFIE have another bullish move left? LONGFFIE had an explosive move from about 0.50 to 4.00 before retracing down to the 1.10 range where it got support from the 0.786 Fibonacci level. That is to say it retraced beyond the typical 0.5 to 0.618 levels. The question now is can it move higher and will buyers pile into the stock at this relative discount. I think that they will. As a result, FFIE could retrace the trend down by 50% and end up targeting 2.30. The sequence of candles for the reversal setup are noted in the text box on the 30-minute chart. This is a potential 100% trade. The stop loss is the recent pivot low at 0.75. The Reward to Risk is about 4. The stop loss of about 28% will be moved to break even if the price gets over 1.35 making the trade risk-free thereafter. FFIE needed to rest but could easily resume with another leg of bullish momentum.
NASDAQ:FFIELong
by AwesomeAvani
10
GOLD → How might consolidation end? Up or down?FX:XAUUSD is in the consolidation stage. The morning session was extremely quiet amid the absence of Japan in trading, as well as after Saturday's news. Traders are waiting for Powell's speech at 16:30 GMT. The market was expecting that Trump's assassination attempt in Pennsylvania could have a strong impact on gold as a hedge asset, but the market did not react much, except for cryptocurrencies. The dollar still looks bearish, if Powell does not change his stance from last week, the dollar index could break support and go down, for gold this would be a favorable scenario. Since the price is in a range, we can consider 2 scenarios at this point: 1) If the bulls keep the price above 2407, they may break the local resistance and test the upper boundary of the range with a breakout target 2) Against the backdrop of the dollar pullback, gold may come down to the liquidity zone before a subsequent move up. Support levels: 2407, 2401, 2392 Resistance levels: 2413, 2417, 2424 Fundamentally and technically the background is favorable, gold is quite capable of testing the ATH or even renewing it, but it is worth paying attention to Powell's speech.... Rate, share your opinion and questions, let's discuss what's going on with GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
9
BTC/USDT 4h Interval ChartHello, I invite everyone to a quick review of BTC to USDT pair, taking into account the four-hour interval. as we can see, the price has moved upwards from the downward trend line. After unfolding the fib retracement grid, we can determine a strong resistance zone from $62,799 to $64,952, only the upward exit from this zone can give room for an upward movement towards $68,000. Looking at the second stone, we will determine the support places in a similar way. And here you can see support at the level of $61,000, then the second support level is visible at the price of $59,594, and the next support is at the price of $57,355. It is worth looking at the RSI indicator here, which shows a strong movement beyond the upper limit, which translates into a loss of growth power and may change the direction of the price.
by cryptodailyuk
1
TRIP.com / Beginning of Up Trend Stock Beginning of the trend Stock, breaking the Wyckoff accumulation Phase and has Volume Profile Normal Distribution Support The volume from Accumulation Phase has not yet been sold out. It can continue with accumulated volume with first target at 261.8 Fibonacci Retracement and cluster with 161.8 of Fibonacci Extension. Strategy Buy on dip at 368 - 390 for buy set 1 and if the price drops to 368, there is still buy set 2 at prices 330-355 by waiting for Reversal Pattern. Trading in your plan with your faith, C.Goii Super Trader
HKEX:9961Long
by CoachGoii_SuperTrader
GOLD → Favorable fundamental background. Will we go to 2450?FX:XAUUSD updates high to 2424 amid favorable news. Buyers are returning with the belief that the dollar will continue to fall on the back of the imminent interest rate cuts. CPI indicates significant easing of inflationary pressures in June. Annual inflation fell to 3%, the lowest rate in a year. This report provides evidence to the Fed that inflation is easing, but most likely it is not enough for them and they will need 1-2 reports confirming the fact that inflation is under control and a move into deflation is forming. Ahead of PPI and traders are focusing on this report as favorable data could reinforce fresh selling in the US Dollar. This, in turn, could trigger a rise in gold prices. But, it is worth considering the unpredictability of the news in your trading. Resistance levels: 2411, 2416, 2424 Support levels: 2396, 2392, 2385 Technically, a small correction is possible after a false breakdown of resistance, which in general may lead to testing the imbalance zone before the next growth, if the fundamental background after PPI is maintained or intensified.... Rate, share your opinion and questions, let's discuss what's going on with gold ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
18
FTM/USDT 1D Interval Hello everyone, I invite you to review the FTM chart in pair with USDT on a one-day time frame. Let's start by identifying the main downtrend channel in which the price is systematically falling with the blue lines. However, locally we can also determine a downward trend line, which currently shows how the price is struggling to go higher. Going further, we can see how strongly we are approaching a very important support point, which is currently the main support for the price at $0.31. Looking the other way, it is worth determining the resistance that FTM must face. And here you can see how we are approaching the resistance zone from $0.52 to $0.61, then there is strong resistance at $0.75, and then the price will have to face a very strong resistance zone from $0.84 to $0.97. It is worth looking at the RSi indicator here, where we can see a reflection from the lower border with room for continued growth, but here we can see how there is currently a fight to maintain the place where we could repeatedly observe reflections in one and the other direction.
by cryptodailyuk
AUDUSD W pattern completion - Can FallAUDUSD has reached an area where it has completed a complex W pattern. There are a few levels and zones (as on the chart) to be watched. When W pattern completes, a correction comes. This idea is on the daily time frame, so wait for a confirmation on smaller time frame to execute trades. If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
by vikinsa
1
ETC/USDT 1D Chart ReviewHello everyone, I invite you to review the ETC pair to USDT chart on a one-day time frame. Let's start by identifying the downward trend in which the price is moving using the yellow channels. Currently, you can see how we bounced off the lower border of the channel, which resulted in a 23% price rebound. Going further, we can see how the price reacted in our strong support zone from $21 to $18, when the price dropped to the lower border of the zone, we could see a strong rebound. However, if the price were to break down, the next very strong support is at $15.5. Looking the other way, we can determine resistances in a similar way, and as you can see, the price is currently struggling with the resistance at $22.5, when we break out of it, the next resistance is at $25.4 and then very strong resistance at the price of 29.8 $. Looking at the RSI indicator, you can see how an upward movement does not result in price increases, while a downward movement of the indicator gives a greater reaction, which may lead to another attempt at declines. Even though the RSI indicator shows room for the price to move up from the current resistance, the STOCH RSI indicator indicates that the upper limit has been exceeded, which in previous situations resulted in price declines.
by cryptodailyuk
USOIL Higher Time Frame Possible Bullish ScenarioThis is higher time frame bullish scenario on USOIL (WTI). This is only applicable if a bullish breakout occurs. 1. The price is inside a triangle which is getting squeezed and reaching its apex. That means we are going to have a breakout very soon. 2. Recently the price completed and M pattern and jumped higher. When M pattern completes the market goes higher. 3. If we get a bullish breakout from this triangle and if this breakout confirms, we can have formation of a potential W pattern. This when completed will have the potential to make oil fall again. 4. After that if the price stays bullish or becomes bullish again, we have a gap available around 100 area which needs to be filled at subpoint. 5. That will also lead us into a bigger multiple month and possibly multi year bullish formation of a W pattern. But first, we need to see how price breaks out of the triangle. If you found this post useful or information please support this analysis by liking and sharing. 👍✔ Also us for more.
TVC:USOIL
by vikinsa
Bitcoin Price Analysis Adjusted for Inflation: Key Reaction LeveOverview In this analysis of the BTC/USDT pair adjusted for inflation using the M2 money velocity (M2V), we examine the key Fibonacci levels and potential reactions from order blocks (OB) and fair value gaps (FVG). This provides a more accurate perspective on Bitcoin's price action in the context of inflation. Key Levels and Analysis Current Price: BTC/USDT adjusted for M2V is trading at 43,235.36, with a 1.57% increase. Fibonacci Levels: 0.236: 49,231.96 0.382: 42,763.04 0.5: 37,534.73 0.618: 32,306.42 0.786: 24,862.72 Potential Reaction Levels 0.5 Fibonacci Level (37,534.73): Order Block (OB): Just below the 0.5 level, an order block is present, indicating a potential strong support zone. Fair Value Gap (FVG): This zone also aligns with a fair value gap, suggesting a high probability of a significant price reaction. Targets Target 1: 49,231.96 - Key resistance level based on the 0.236 Fibonacci retracement. Target 2: 59,688.58 - Major resistance aligned with the 0 Fibonacci retracement level. Target 3: 87,331.31 - Based on the 0.618 Fibonacci extension. Target 4: 115,152.95 - Ultimate bullish target at the 1.618 Fibonacci extension level. Harmonic Patterns The chart shows a large harmonic pattern Cypher, indicating potential reversal zones: Point C: Previous peak, suggesting areas of interest for resistance and support. Current Price Action Support Levels: Immediate support at the 0.382 Fibonacci level (42,763.04). Stronger support anticipated at the 0.5 level (37,534.73) due to the presence of OB and FVG. Resistance Levels: 0.236 Fibonacci level (49,231.96) as the first major resistance. Potential Scenarios Bullish Scenario: Holding above the 0.382 level could lead to a break above the 0.236 level, targeting 59,688.58 and higher. Bearish Scenario: If the 0.382 level fails, a drop to the 0.5 level is likely, where a strong reaction is expected due to OB and FVG. Conclusion Adjusting for inflation with the M2 money velocity offers a clearer view of Bitcoin's real value. The 0.5 Fibonacci level (37,534.73) is critical, with strong support from OB and FVG, suggesting a significant price reaction. Monitoring these levels will provide valuable insights for trading decisions. Share your thoughts and analysis in the comments below! Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Always do your own research before making any trading decisions.
Long
by Neirolink
1
DOGE/USDT 1DintervalHello everyone, I invite you to review the chart of DOGE in pair with USDT on a one-day time frame. Let's start by defining the falling triangle in which the price is moving using the yellow lines. You can see here how the downtrend is starting to gather divergences. Going further, we will mark support lines and as you can see, currently the price remains at a strong support level of $0.105, but if we start to fall further, the next support is at $0.086, then at $0.074 and then $0.061. Looking the other way, we can similarly determine resistances, as you can see, we should encounter the first resistance at the level of $0.124, then around $0.144, then there is a strong resistance zone from $0.16 to $0.177, only after breaking above this zone the price will could continue to grow. Looking at the RSI indicator, you can see how an upward movement does not result in price increases, while a downward movement of the indicator gives a greater reaction, which may lead to another attempt at declines.
by cryptodailyuk
3
USDJPY → Interventions + CPI. The market doesn't believe it...FX:USDJPY is coming under bearish attack. Immediately after the US CPI release, the Japanese Central Bank intervened in the FX market to support the yen. Fundamentally this was to be expected. Japan's central bank is not trying very hard to preserve its national currency. In order to invest minimal effort, policymakers took advantage of the US CPI report. The CPI + Interventions tandem led to a 2.7% decline in the currency pair. But, traders are starting to buy back some of the decline. Ahead of PPI, the news could both amplify the fall and smear all the efforts of the BoJ. Technically, I don't think such actions will lead to anything global. The growth could continue. On W1 the nature of the market does not change, all interventions are gradually bought out and the currency pair will continue to update the highs. Resistance levels: 159.6, 160.2, 160.5 Support levels: 157.7 It is possible to buy out and test the imbalance zone before the subsequent decline. A favorable background may be the PPI report, but after the market calms down, traders may return to JPY sell-offs, which may lead to the continuation of USDJPY growth. Regards R. Linda!
Long
by RLinda
5
GOLD → 2387 is key resistance, but ahead of CPI...FX:XAUUSD continues to maintain a bullish market structure, gradually pushing up to strong resistance with a breakout target. The US dollar is declining amid dovish US Fed assumptions.... All eyes remain on the US CPI report Powell's caution on weakening labor market conditions suggested that a September rate cut is likely just around the corner, which once again brought down the US dollar along with US Treasury yields. Softer US annual CPI data or a surprise decline in monthly inflation could confirm the September Fed rate cut and increase the chances of another rate cut in December. And vice versa... Technically, buyers are pushing up to 2387. A break of resistance will open the way to 2400-2437. But, there could be a correction before that Resistance levels: 2387 Support levels: 2378, 2370 Favorable news can strengthen the movement, in which case the resistance breakout is not to be missed. But, unexpected data may shake the market, the dollar may continue its strengthening phase and in this case gold will head towards 2350. Rate, share your opinion and questions, let's discuss what's going on with gold ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
29
Bitcoin: Exploring Long-Term and Short-Term Scenarios📅 Let's dive into today's analysis, focusing on Bitcoin in the 1D time frame to examine both long-term and short-term scenarios. 🔍 Daily Time Frame Analysis Bitcoin has experienced a decline after breaking the support at 60303, producing a large, high-volume candle and also breaking the 58429 level. However, it has not yet managed to stabilize below this area and is currently in a resting phase. ⌛️ Recent Market Behavior Not much time has passed since the last analysis, and as predicted, after the selloff candle, the market entered a ranging phase with reduced volatility. This has indeed occurred, with volume decreasing during the ranging market. The long upper shadows on recent candles indicate that sellers have the upper hand and bearish momentum is present. 🧲 SMA25 Analysis The SMA25 indicator had moved away from the candles, contributing to the market's ranging and pullback behavior. One of the properties of moving averages is that they attract the price towards themselves like a black hole, or the price ranges until the moving average reaches it. As the SMA25 approaches the candles, we can expect new bearish momentum to enter the market. If the price stabilizes above this moving average, the trend could potentially become bullish again. Confirmation of this breakout would be with a candle stabilizing above 60303. 📊 Volume Analysis The volume is strongly confirming the trend. During declines, the volume increases, and during upward corrections, the volume decreases. This indicates that the volume is converging with the Medium Wave Cycle (MWC) trend and could also influence the High Wave Cycle (HWC) trend. 📈 Bullish Confirmation Relying solely on SMA for bullish confirmation is not very reliable due to its high error rate. From a price action perspective, if we want to confirm a bullish market, we can expect the price to move upwards with stabilization above the 63018 area. The target for this move could be the next resistance at 71607. Breaking 45.39 in the RSI can also confirm this upward breakout. 📉 Bearish Scenarios In case of further market decline, there is a significant support around the 55k area, which is more visible in the 4-hour time frame and coincides with the 0.5 Fibonacci level. If this area is broken, we can expect the price to move at least to the 0.618 area, which is a logical target from a price action perspective and lies between 50k and 53k. This is a very important area that can prevent further price decline. The last support is at 46969, and if the price stabilizes below this support, the HWC trend in Bitcoin will change from bullish to bearish. 🛒 Buying Strategy in Spot For buying Bitcoin in the spot market, it is better to wait until buying volume enters the market and the price stabilizes above 63471. This assumes the price moves upwards without creating a ranging box for buying. If the price ranges in the current area, we can buy upon breaking the range ceiling. If the price starts to decline, we can buy spot with confirmation from candles in the 50k or 46k areas. Be sure to manage your capital and set stop-losses to limit potential losses if the market declines further. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.
Short
by itsparham96