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Fibonacci Retracement

USDJPY → False break of support, Yen weakens. 160.0 again?FX:USDJPY fell under the correction wave, which was caused by the liquidation of buyers based on the change in the fundamental sentiment of the dollar index. It didn't last long. Buyers liquidation on the back of strong bullish trend. (A big player collects the position) In general, both technically and fundamentally, the situation remains unfavorable for the Japanese yen. The national currency may continue to weaken and thus test the current ATH. False breakdown of trend support brings the price back to the range of 155.95-157.23. Possible retest of resistance with the subsequent breakout and growth to the far liquidity zones. Resistance levels: 157.23, 158.44 Support levels: 155.95, 154.77 The bulls should hold the defense above 155.95 with the aim to continue rising. The intermediate key point is 157.23 with the possibility of further breakout and growth. Regards R. Linda!
Long
by RLinda
10
NZDUSD Possible retest and continuation to the downsideThe price recently broke out of the ascending channel (4H) and went on to retest the recent swing high, creating an Equal High (EQH). It then rejected the wedge (W) and downtrend line (M) resistance convergence and continued to push downward. Currently, the price is converging with resistance and the 38.2% Fibonacci retracement level. We anticipate that the price may continue to reject this resistance area and push further to the downside. **Rationale:** ~ Wedge (W) and downtrend line (M) resistance convergence ~ Multiple rejections of resistance ~ Shallow pullback (Fib 38.2%) resistance convergence ~ Possible retest ~ Possible lower low formation **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
USDCHF Tests Critical Resistance on Dovish SNBHaving pivoted away from its tightening cycle in March, the Swiss National Bank delivered the second straight rate cut last week, making it a frontrunner in the shift to monetary easing. Officials also lowered their inflation forecasts, creating scope for more moves ahead. Its US counterpart on the other hand, is reluctant to pivot due to stubborn inflation and Fed officials see just one cut this year. This monetary policy divergence is beneficial for USD/CHF, which surges after the SNB back-to-back rate cut. It now tries to take out a pivotal resistance cluster, comprising of the EMA200 (black line), the 38.2% Fibonacci of the last decline and the daily Ichimoku Cloud. Successful effort will give control back to the bulls and allow them to look towards the 2024 peak (0.9225-46), but this may prove elusive in the near term. On the other hand, with two rate cuts already under their belt, Swiss policymakers may become less bold. Furthermore, the Fed may have adopted a higher for longer stance, but still sees less restrictive stance ahead and markets are more optimistic, pricing in two rate cuts within the year. Overbought conditions indicated by the RSI and the aforementioned critical resistance confluence, can put pressure on USD/CHF. So a pullback that would challenge 0.8825 would not be surprising, but deeper losses towards and beyond 0.8730 are not compatible with the monetary policy dynamics. 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.
Long
by FXCM
Gold OverviewGold has broken its 1H Trend line and Retested it again now its moving downwards to our daily Resistance (POI) its a Significant level of Almost on each higher time frame as its Support level over Weekly and monthly charts so we are keeping an eye over this level a long time now as we have said that we are waiting for Some fundamental data which is too significant in this scenario we are waiting home sales data in our favor and gold will likely to rise today but its too early to give any opinion so we will wait for news and then put our position as we have taken a short trade with almost 1.94 R:R which is currently runing Keep your Losses tight and targets higher only thing in market to take care is your balance and your losses
OANDA:XAUUSD
by Wakeel_Saab
GOLD → Trading inside the range. 2340 zone of interest FX:XAUUSD is not preparing to leave the local ascending channel (the nature of the channel is corrective-consolidation), as traders do not seek premature action before the news The U.S. market is facing another problem: slowing economic growth and rising inflation is leading to recession, no matter how much the authorities deny it. Accordingly, the phase of active currency support may continue and this may have a negative impact on the metal price. Today CB Consumer Confidence - the indicator can give some idea about the mood on the market, but in general traders are waiting for the US GDP, which will be published on Thursday. Neutral data is expected, but there is a high probability that the actual data will be different from the expected... Resistance levels: 2341, 2354 Support levels: 2326, 2315, 2305 The general mood is neutral, the big players are not in a hurry to act and are consolidating. Technically, gold may strengthen to 2340 (area of interest and liquidity) within the range. The bulls may stop the micro rally and turn the price to the support, if the market maker is not enough, the price may strengthen to 2354 before coming back down Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
NOT/USDT Bullish Global 3rd Elliott WaveWithin the ascending channel, a five-wave impulse and an ABC correction have been completed, reaching the 0.618 Fibonacci level. The price has encountered the first resistance level (res). Based on the fractal from the initial five-wave pattern, there is potential for growth towards the upper boundary of the channel, into the Fibonacci zone 1.236 - 1.382. From there, an ABC correction is expected towards the Fibonacci zones of the second subwave 3(2) of the global third wave. Subsequently, I anticipate the formation of the first subwave of the third global wave 3(3-1). The Alligator indicator shows an upward trend. There is a support level (sup) below. The scenario will be invalidated if there is a breakout and consolidation below the support zone (sup).
Long
by WoWAcEDuDe
Frankly, I don't feel like explaining, the chart says it all !!BINANCE:ETHUSDT After this downward movement , price now it is close to the most important Fibonacci level, which after reaching it, the price can react. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
COINBASE:ETHUSDLong
by CobraVanguard
1
TSLA: Key Support Levels and Potential Breakout (1H/D charts).Hourly Chart: Critical Support at 167.75 The hourly chart for TSLA highlights a crucial support level at 167.75, reinforced by the 50% Fibonacci retracement, marked in yellow. This price area acted as a support twice, one time in May 10, and another one in June 11, indicating its importance. The purple ascending trendline suggests a potential upward movement if the support holds. However, the resistance level at 186.88, marked by the black line, must be closely monitored as it has repeatedly acted as a barrier to price advances. Daily Chart: Congestion and Key Levels On the daily chart, the congestion zone around 167.75 is evident, indicating a period of price consolidation. This congestion area suggests indecision in the market, often preceding a significant price move. The key resistance at 186.88 aligns with the hourly chart, making it a crucial level for us to watch. A break above this level could signal a potential breakout, while a failure could lead to a retest of lower support levels. The 186.88 level is a significant resistance point. A break above this level, confirmed by strong volume, could indicate a bullish breakout, providing a potential buying opportunity. If the support at 167.75 fails, the next significant support level is at 138.80, marked by the black line. This level should be monitored for potential buying opportunities if prices decline further. Key Considerations - Support Holding: The double support at 167.75 has shown strength. Its ability to hold in the future will be crucial for any bullish scenarios. - Breakout Potential: The congestion and repeated tests of resistance at 186.88 suggest a significant move is imminent. We should be prepared for a potential breakout or a sharp move downwards if resistance holds, and if its price misses the short-term support lines seen on the hourly chart. Conclusion The TSLA charts suggest a period of consolidation with critical support at 167.75 and resistance at 186.88. We should closely monitor these levels for potential trading opportunities. A break above the resistance could signal a bullish move to the $206, while a failure to hold support might indicate further downside. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “ To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate. ” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
GOLD → Correction after the rally. Bears still dominateFX:XAUUSD has been strengthening since the opening of the session, buyers are trying to hold the defense above 2325 and redeem part of Friday's fall. Fundamental background remains negative. Idea: GOLD → Bears are engulfing the market. What's next? We discussed a possible rebound and the strength of the bear market. The price consolidation above the strong support at 2326 opens the range for maneuvering and may allow traders to strengthen to 2341 (2354) - the area of interest, the target of such maneuvering may be the liquidity inside the range, formed within Friday's rally by those who tried to catch the departing train. If 2341 will be confirmed and the bears will not let the price go beyond its limits, the market may go into the sell-off phase again. Investors this week are interested in GDP and PCE, which are released in the second half of the week, the first half of the trading week may be relatively quiet. Resistance levels: 2341, 2354 Support levels: 2325, 2315, channel support I expect the correction to continue to the area of liquidity and interest. A major player may gather the rest of the potential before further movement in one direction or the other. Watch the price reaction to the level of 2341, which may determine either a fall or further growth to 2354. Regards R. Linda!
FX:XAUUSDShort
by RLinda
2
DXY Weekly Analysis and Its Impact on Forex PairsLet's dive into today's analysis. Today, I want to share a Forex analysis with you, focusing on the DXY index. The timeframe for this analysis is weekly, but we'll also take a look at other timeframes. 🧲 Long-Term Support First, let's examine the curved trend line on the monthly timeframe, which has been significant since 2008, acting like a magnet attracting the price. This trend line is a crucial support for the dollar and has kept the overall trend of the dollar bullish for years. 🔑 Key Resistance Levels Additionally, in this timeframe, if we apply a Fibonacci extension from the previous wave, we see that the top of this wave, which corresponds to 113.7, has completed at the 1 level. If this peak is breached, we could move up to 1.618, which is 131. However, there's a significant resistance at 119.76. 📰 Interest Rates and Economic Outlook Given that the US interest rate is already high, it's unlikely to increase further beyond 5.5% as it could harm the US economy in the long term. On the other hand, inflation has reached 3.25%, nearing the 2% target. Therefore, there's no reason to raise interest rates further. If they start reducing the interest rates, we could see an uptrend in stock markets like crypto and renowned global stocks such as Apple, Microsoft, Tesla, etc. If this happens, the DXY trend will turn bearish and could potentially drop back to the 89.59 support. 📅 Weekly Timeframe Analysis In the weekly timeframe, the curved trend line is also evident, and the price is near this trend. Drawing Fibonacci from the previous wave shows that the price has bounced back from the 0.5 level, overlapping with the old support at 101.195, and has created a range box between this area and the 0.236 level at 106.723, forming since late 2022. 📈 If 106.723 is breached, we could target 113.701 and the next target at 119.76. However, due to anticipated rate cuts, I believe the USD will remain bearish and won't go beyond 113. 📉 For a decline, if 101.195 breaks and the Federal Reserve starts lowering rates, we could expect a drop to the 0.618 and 0.786 Fibonacci levels, which are 98.023 and 94.374, respectively. 🔎 RSI Indicator The RSI is ranging between 66.02 and 34.17. Given that FOMO is less powerful in the Forex market compared to crypto, if we reach either of these numbers, it might be time to take profits as the trend could weaken. 💵 Impact on EURUSD and USDCAD 🇪🇺 EUR/USD If the DXY drops, we might see the EUR/USD break the 1.1064 resistance, and even move towards 1.1205, and then target 1.16588 and 1.22423. However, 1.22423 seems distant and unrealistic given Europe's current strength. In case of a DXY increase, the EUR/USD could head towards the historical low of 0.96801 after breaking 1.05195, though it's likely to find support sooner. 🇨🇦 USD/CAD For USD/CAD, a rising DXY could push it to 1.43687 after breaking 1.38713. Conversely, if the DXY drops, the trend line might break, and after breaking 1.31457, it could move towards 1.20374. 📝 Conclusion In summary, the DXY index is at a critical juncture with significant supports and resistances on both the monthly and weekly timeframes. Anticipated changes in US interest rates could significantly impact its trend. While the USD may see some strength in the short term, a long-term bearish trend seems likely, particularly if interest rates begin to decrease. This will, in turn, affect major Forex pairs like EUR/USD and USD/CAD, with potential bullish moves in EUR/USD and bearish moves in USD/CAD depending on the DXY's movement. Always remember to conduct thorough research and apply sound risk management in your trading strategies.
TVC:DXYShort
by itsparham96
4
GOLD → Bears are engulfing the market. What's next?FX:XAUUSD is hit by a strong wave of selling on optimistic fundamental data in the US market. A takeover is forming on the chart, which clearly makes traders panic. Technically, buyers who showed interest in the metal, which started the strengthening phase from the middle of the month got under liquidation. The sellers are not ready to let the price go beyond 2350-2360 and staged a bearish rally, energized by the fundamental background, which sharply strengthened towards the already bullish dollar. Geopolitical tensions are still at a high level, the reason for this: rumors that the Israeli army approved an offensive against Lebanon. Toward the end of last week, the dollar both looked and continues to look quite strong, on the back of upbeat S&P Global Manufacturing PMI data. The index rose to 51.7 in the June estimate from 51.3 in May, while the services PMI rose to 55.1 from 54.8, showing continued expansion of private sector business activity at a rapid pace. Traders are awaiting U.S. GDP to be released on Thursday and on Friday the BEA will release PCE price index data for May, the Fed's preferred measure of inflation. Resistance levels: 2325, 2332, 2340, 2355 Support levels: 2315, 2305, 2290 Overall, traders may try to buy back some of Friday's decline from local bullish channel support and test the resistance and liquidity area of 2332-2340. But a number of technical and fundamental patterns point to a negative backdrop, and this could generally signal a continuation of the decline after a small correction. Active selling may intensify with a downward breakout of 2316-2320 level Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
7
Sunday Market Calm: Bitcoin and SUSHI Insights🔍Let's dive into today's analysis. The market is quite range-bound and lacks volatility since it's Sunday and the trading volume is low. As usual, let's start with Bitcoin analysis: 👑 Bitcoin Analysis 1-Hour Timeframe In the 1-hour timeframe, we still have an ascending channel where yesterday, the price stabilized above its midline. However, as mentioned earlier, there is currently no bullish momentum in the market, which is why I haven't opened any positions and remained in a no-position stance. 🔻 Interestingly, the price was supported at 64247, making this trigger more reliable. Upon breaking this short-term support, I will open my short position. However, given the low market volume, it's better if selling volume enters the market simultaneously with the trigger break. The RSI confirmation trigger is 44.53, but due to the ranging market, momentum oscillators are less reliable. 📈 For a long position, the risky trigger at 64530 is still on the table, but I strongly advise against opening a long position in the current conditions. It is better to wait for the market to build more structure. 🍣 SUSHI Analysis Project Overview The coin we will analyze today is SUSHI, which is a DEX platform in the DeFi space. This platform allows decentralized trading of cryptocurrencies. Additionally, by creating Liquidity Pool Tokens (LP tokens) on this platform, you can generate income. This relates to the DeFi sector, and I recommend thorough research before entering this space. Technical Analysis In the 4-hour timeframe, it is evident that there is a downtrend that started from the 1.295 resistance and reached the 0.791 support. Using the Fibonacci retracement, we see that between the 0.791 support and the 0.859 level (which is also the 0.236 Fibonacci level), a range box has formed, indicating a resting phase. The SMA25 has reached the candles and turned the previous candle red. If the SMA25 can inject momentum into the market, we can expect the market to become bearish. 📉 For a short position, I recommend opening a short position upon breaking 0.791, with a target of 0.64. It is crucial that volume increases; otherwise, the trend will weaken. 📈 For a long position, wait for the price to stabilize above the SMA25 and for the RSI to hold above 47.03. You can open a position upon breaking 0.859, but since this is against the trend, buying volume in the candles must be high, and the target should be small. The 0.382, 0.5, and 0.618 Fibonacci levels can be suitable targets for this position. ♟ Personal Strategy I will definitely open a short position upon breaking 0.791 because if this area breaks, a significant bearish momentum will enter the market, potentially leading to a substantial decline. However, for a long position, I will not open one at the moment and will wait for the market to build a structure that fits my long position strategy. 📝 Conclusion Today’s market analysis highlights the importance of patience and strategic positioning. For Bitcoin, the lack of bullish momentum suggests a cautious approach, avoiding long positions until the market shows more definitive signs. SUSHI presents potential opportunities on both the short and long sides, but volume confirmation is key to avoid false moves. Remember, in low-volume conditions like today, it's best to wait for clear signals before making any trading decisions. Always prioritize risk management and thorough analysis before entering the market.
Short
by itsparham96
1
EURUSD (1971 analysis) - 23% Crash will follow!EURUSD has been in a long-term downtrend since the financial crisis of 2008. On the chart, we can see that EURUSD started its downtrend at the top of the major rising wedge chart pattern. The rising wedge pattern broke bearish in 2015, and the price retested it in 2018. Since then, the price has been going down and has broken another trendline (2000 - 2022), which is a double breakdown. Right now, there are absolutely no signs of strength on this chart, and I expect a pretty severe 23% crash in the next years. Does it mean that the DXY index will go up? Definitely yes. The downtrend is confirmed, and from a technical perspective, there is currently pretty much nothing bullish. How to take advantage of this analysis? What you should consider is to avoid long positions and focus on short positions instead to increase the probability of successful trades. So what are the next major support levels on the way down? I don't really see any major support until 0.87617. This is a strong level because it's the POC (point of control) of the previous mini triangle that was formed during the years 2000 and 2002. I am expecting a pretty strong bounce, but this will probably not be the bottom. The next support is at 0.82311 because this is the major swing low of 2000 and it provides a lot of liquidity. A lot of traders may capitulate around this level. Big players can take advantage of it and buy EUR with a large amount of money. Let me know what you think about my analysis, 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
22
IMX Analysis: Daily Review and Bitcoin Update🔍Let's dive into today's analysis. Today, we're focusing on the IMX coin, examining it in the daily timeframe. But before we get into that, as usual, let's review the daily Bitcoin analysis and provide an update on yesterday's analysis in the 1-hour timeframe. 👑 Bitcoin Analysis 1-Hour Timeframe Bitcoin analysis is in the 1-hour timeframe. As mentioned yesterday, the market needs to establish a new structure. Given that today is Saturday and market volume is low, it is advisable not to open any positions today and tomorrow. 📈 After the recent drop, we saw a slight upward movement with very low volume, which appears to be a pullback to 64530, overlapping with the middle line of the descending channel. If selling volume enters the market simultaneously with a rejection from this area, despite it being Saturday, I might open my position with less risk. The target for this position could be the channel's bottom or 63343. 🔑 Breaking 44.53 can be a good confirmation for this risky short position. ⚠️ Currently, I don't have a trigger for a long position and won't open one until buying volume enters the market. If you want to open a long position, breaking 64530 could be suitable, but I don't recommend opening a position with this trigger, and I won't either. 🎮 IMX Analysis 🔫Overview IMX operates in the field of crypto games, providing infrastructure for other projects. It allows both game creation and gameplay within its ecosystem, making it a comprehensive platform for enthusiasts of crypto games and play-to-earn models. 📅Daily Timeframe Looking at the chart in the daily timeframe, the first thing that stands out is the head and shoulders pattern, with its trigger already activated. This pattern emerged from the coin's upward movement from 0.4915 to 3.6567, with the trigger appearing at the 0.382 level. Upon breaking this trigger, we can aim for the targets indicated in the chart. 🎯 The first target is the 1 Fibonacci extension point on the downside, overlapping with the 1.2463 support, forming a strong area. The second target is an extremely strong area for several reasons: it is the 1.618 Fibonacci extension point and one of the most important support levels for this coin. Additionally, it is the 0.786 Fibonacci retracement point and the first target of the head and shoulders pattern. 🔻 Currently, the trend for this coin appears bearish. Breaking 23.75 in RSI can introduce more downward momentum into the market. However, for a long or spot purchase, I'll wait until the price moves above the 1.7739 area and RSI breaks 39.60. Only then will I consider a long position. 📝 In summary, while the current market sentiment for both Bitcoin and IMX is bearish, careful observation of key levels and triggers can present potential trading opportunities. For Bitcoin, caution is advised with low market volume over the weekend. For IMX, the head and shoulders pattern indicates possible downward targets, but significant levels must be watched for potential reversal signals. Always wait for volume confirmation to avoid false moves and optimize your trading decisions.
Short
by itsparham96
2
NVDA: Pullback Ahead?Hourly Chart: Key Support and Previous Top The hourly chart for NVDA emphasizes the significance of the support level at 125.59. This level was a previous top, and now it is acting as a support, following the Principle of Polarity in Technical Analysis. The chart shows that the previous top, which is now support, has been tested a few times, reinforcing its critical role. Daily Chart: Bearish Engulfing Pattern On the daily chart, a bearish engulfing pattern is evident, signaling a potential correction of the uptrend. This pattern forms when a smaller white candlestick is completely engulfed by a larger black candlestick, indicating a shift in market sentiment from bullish to bearish. This pattern is often a precursor to further downside movement. The red line marks the 38.2% Fibonacci retracement level at 115.82, which was a previous resistance seen on the 1H chart as well, serves as an additional support level. Conclusion The NVDA charts provide a mixed outlook. The double support at 115.89 on the hourly/daily charts is critical, while the bearish engulfing pattern on the daily chart suggests a potential pullback ahead. For now, we should keep a close eye on the 125.59 support level. A hold above this level could indicate a buying opportunity, while a break below could signal further downside to the 115 area. Keep in mind that the trend is still bullish and pullbacks would be buying opportunities as the price approaches its support levels, when the R/R ratio is optimized. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
4
GOLD → The mood is shifting. Resistance is broken... FX:XAUUSD breaks through downside range resistance and consolidates in bullish territory, opening up potential at 2365-2387. Signs that the US labor and housing markets are cooling keep hopes for a September Fed rate cut alive, with an ECB rate cut helping to keep the gold price afloat. Another important nuance that makes investors wary: A meeting between the Russian President and the North Korean leader earlier this week, which confirms the tensions in geopolitics. For now, all eyes are on the S&P Global Manufacturing and Services in the U.S. and the Fed Monetary Policy Report, which may shed more light on the economic outlook There is still pressure on the market, but the price movement is detached from the dollar (correlation is decreasing), which indicates that the mood towards the metal is changing. Resistance levels: 2365, 2387 Support levels: 2354, 2340 Technically, traders may try to break the resistance of 2365, if it succeeds, and the probability is high enough, we can go to 2387, then we need to watch the price reaction to the area. In case of false breakdown there is a probability to return to the support. It is also worth taking into account the broken resistance that was not tested earlier Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
JASMYUSDT bullish movement is about to happen!!!BINANCE:JASMYUSDT As you can see, the price made a good climb after breaking the triangle, and after that, it started its downward phase and now it is close to the most important Fibonacci level, which after reaching it, the price can react. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
by CobraVanguard
1
GBPUSD → The market maker's trap. Ready to go down ↓ ?FX:GBPUSD is losing after a prolonged struggle for resistance. A major player does not let the market beyond 1.2800. On the background of the dollar growth, the currency pair may change the local trend The fundamental background is unstable, the US dollar is still going through Wednesday, but based on the position of regulators the dollar looks ready to strengthen further, which is generally negative for GBPUSD. On D1, the area of 1.285-1.28 is worth watching. A major player is not still holding the barrier of limit resistance zones. After a shakeout and liquidity grab (trap from the market maker), the market is ready to go down as the current zones of interest are 1.258-1.257, 125. Support levels: 1.271, 1.265 Resistance levels: 1.28 Technically, we should wait for a pre-breakdown consolidation and subsequent breakout of 1.271, or price consolidation below this area. Having received confidence and confirmation of readiness to decline, we can wait for the previously mentioned targets. Regards R. Linda!
Short
by RLinda
2