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GOLD → Consolidation below the SMA. What was the impact of NFP?FX:XAUUSD is consolidating below previously crossed SMA50 & 200 after Friday's shakeout. A surprising NPF shook up the market. The dollar is rallying while gold is drawing downside resistance.... The main reason for a possible decline in gold prices is the weakening expectations of a 0.5% Fed interest rate cut in November. A very strong NFP report all but eliminated the likelihood of a Fed rate cut in November. The reading beat market expectations of 140K by a wide margin. Nevertheless, the price of gold managed to resist a corrective decline thanks to the ongoing geopolitical risks associated with the escalating conflict in the Middle East. Traders are now looking forward to the upcoming Fed speech. Gold is technically in the sideways range of 2685 - 2623. There is no actual direction, so you can trade between buy and sell levels.... Resistance levels: SMA, 2661, 2673 Support levels: 2639, 2631, 2623 Bears are likely to exert maximum strength in the resistance zone, the market may react by declining to the liquidity zones. There is a high enough probability of formation of a false breakout of resistance before further decline Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
12
BITCOIN → The flirtation with MA-200 ended in failure. To 52K?BINANCE:BTCUSD failed in its attempt to break the daily MA-200 and 64-65K resistance. A retest of the previously broken range boundary and strong liquidity zone amid a global descending channel is forming. The crowd was in the majority, but... On W1 the promising direction of the current trend is clearly visible. The price tested the upper boundary of the channel, but the bears pushed us down rather aggressively, making us realize that there is nothing to do in the zone above 65K yet. One of the reasons for the btc drop we caught earlier: 94% of all BTC holders are now in profit. Dealers noted high activity in buying call options on BTC with a strike of $75000. There were also high sales of puts. Trick question: How to make money if the crowd is buying? Resistance levels: 62745, 64955 Support levels: 60K, 59250, 57700 A correction after the impulse is forming and the price may test the imbalance and liquidation zone. Having broken 62342 area earlier, we entered the panic zone, where sellers managed to grab a piece before further failure at 60K. Before the further fall, the price may go after these lucky sellers before the asset goes after the buyers on the background of the general trend. This would be considered a retest after breaking the structure. I do not see any reasons for growth beyond 64-65K at the moment, I am interested in the zone of 60K, 57K, 55K, 52K. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Short
by RLinda
59
EURUSD → The triple top is in the 1.1200 zone. Falling?FX:EURUSD is facing strong resistance forming a reversal pattern relative to the 1.1200 sideways range boundary. The bulls are not yet able to continue the trend. The dollar is bouncing.... On the back of unpredictable economic data confirming the problems in the US economy (manufacturing, banking sector), the markets are rebounding. DXY strengthens after the market held 100.0 support. EURUSD reverses course amid sentiment changes. Price forms a triple top reversal pattern and faces a strong sell-off, within which breaks trend support. In the short-term, we may catch a correction to the imbalance zone (with the aim of retesting the previously broken channel boundary), after which the decline may continue to 1.100, 1.095, 1.089. Resistance levels: 1.11, 1.1125, 1.115 Support levels: 1.107, 1.104, 1.100 ADP NonFarm ahead and before the news, the market may quiet down and form a correction. In case of EURUSD, the zone of interest is 1.11 - 1.113. The fall may resume from these zones.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
2
GOLD → Bulls are trying to hold their defenses above the SMAFX:XAUUSD is forming a sideways range, within which it strengthens to 2673 with subsequent retracement and retest of SMA 200 & 50. Buyers are trying to hold their defenses above this area with the aim of further growth.... The complicated situation in the Middle East continues to escalate, which keeps the gold price from falling amid the rising dollar. Any de-escalation of the conflict (Israel's inaction on Iran's measures) could increase selling pressure... Nevertheless, the US employment change data from ADP as well as the Fed's speech will be the next important events for the US dollar and the gold price. Any hints of interest rate cuts will be viewed favorably... Technically, emphasis on 2665 resistance - if the bulls can consolidate above this zone, gold could go for a retest of ATH. Also - emphasis on 2643. A break of the support will reinforce selling. This could take the price to 2625-2600. Resistance levels: 2665, 2673, 2685 Support levels: 2643, 2625, 2515 Bullish trend. Gold is not going to update the lows. The bulls are trying to consolidate above the SMA. Signs that the price is ready to grow. BUT, it is possible that unpredictable signs may appear in the market, which may lead to profit-taking and correction. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
GBPJPY → A sideways range is forming. Emphasis on resistance...FX:GBPJPY is strengthening after forging a double bottom at 184.0. It is also favored by the JPY correction on the back of the dollar correction after the unpredictable reaction to the US interest rate cuts... The currency pair may continue its decline from the resistance zone 192-193.5. This is facilitated by a number of nuances: Japan still holds the course for further strengthening of interest rates in order to save the value of the national currency. The dollar may continue its fall after traders come to their senses after the US interest rate cuts.... Overall, this tandem can have a strong impact on the JPY strength and on the currency pair as a whole, allows to form a medium-long term strategy on the currency pair. Technically, I am waiting for a false breakdown or bounce from the mentioned resistance zone with the subsequent decline to the liquidity zone.... Resistance levels: 191.4, 193.48, 193.97 Support levels: 190.5, 186.7 BUT! If the bulls manage to consolidate above 193.97, then an upward impulse may be formed, because at the moment the environment (technical and fundamental background) is still tense... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPJPY ;) Regards R. Linda!
Short
by RLinda
11
Buy XAUUSD (Gold) Bullish FlagThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 2660, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2681 2nd Support – 2696 Stop-Loss: To manage risk, place a stop-loss order below 2648. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
20
GOLD → The safe asset continues to be bullrun ↑FX:XAUUSD does not react properly to the growth of the dollar. The metal continues to renew highs and seeks upward. There is no resistance ahead and the geopolitical backdrop is blowing a favorable wind.... Gold is holding near an all-time high as buyers refuse to give up amid recent Fed comments, China's stimulus (China's Central Bank today announced an unprecedented blitz of support for the economy) and escalating geopolitical tensions in the Middle East. China is the world's top consumer of the yellow metal The gold price tends to benefit from geopolitical tensions due to its traditional safe-haven status. Also, the Fed will continue to hint at another 0.5% rate cut Resistance levels: 2634, 2640 Support levels: 2623, 2614, 2602 The general background hints at an active continuation of the growth. If gold will consolidate above the maximum of the previous day, then in the mid (short) term we should consider the continuation of growth to 2650-2660-2675. It is not excluded that there may be a correction before further growth due to the approaching important news... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
21
BITCOIN → There's a conglomeration of resistances ahead: 65-69KBINANCE:BTCUSD is forming a bull run amid a 0.5% cut in US interest rates, but investors' fervor may be cooled quickly enough by new economic news. The situation is not as simple as it seems.... It's also the most likely scenario We need to be careful as the price is approaching a conglomeration of strong resistances. Pressure could come from both the 65K area, which is still untested, and the area above - 68K - 69K. Let me remind you that globally bitcoin is in a descending channel. Globally ( D1-W1 ) the asset looks good for continued growth, but locally ( D1-H4-H1 ) I don't see any signs that the market is ready to overcome the resistance zone above. Trades may get nervous ahead of next week's new news: SP PMI, DGP, DGO and Fed chief's speech. If the indicators become sharply unpredictable, all the speculators' bullish fervor may cool down very quickly and in that case we may meet the correction phase amid profit taking.... Resistance levels: 64K, 65K, 68K, 69K Support levels: 62750, 61300, 59400, 57730 Now, above 62750 a consolidation is forming. If the price does head towards 64-65K, we should keep an eye on the global resistance. But, if bears sell the price down and bitcoin consolidates below 62750, then an impulse to the nearest liquidity zones may be formed. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
Short
by RLinda
22
EURUSD → Resistance Retest. A rebound or a breakthrough? FX:EURUSD is testing the resistance of the local correction, and instead of the expected rebound, I am waiting for an attempt of a breakout with the aim of further growth to 1.12757 on the background of the expected fall of the dollar.... There is important news ahead that traders have been waiting for months. A rate cut. And the question is no longer “when?”, but “by how much?”. 25 basis points or 50 ... But before that traders will have to endure Retail Sales, CPI, FOMC, which may also have an impact on both the market and the Fed. Technically, the focus is on the resistance of the range, 1.112. The market is likely to fight for this zone, a correction is possible, but a gradual retracement and retest will increase the chances of a breakout. If the bulls hold 1.112, it will open the way towards ATH! Resistance levels: 1.112, 1.12 Support levels: 1.1099, 1.1072 Globally the trend is bullish, on D1 the price is coming out of the correction phase and continues the upward movement. The news may have a big impact on the market, which will shape both medium and long term prospects... Targets are indicated on the chart Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Long
by RLinda
11
Weekly Pennant, Daily Bull Flag Confirmed! - AUHere I have AUD/USD on the Weekly & Daily Charts! Starting on the Weekly: - Price has been creating Lower Highs into Higher Lows forming a Pennant Pattern! - Price will consolidate in this formation until we are given a Bullish or Bearish Break. - Aug. 5th - RBA decides to HOLD rates @ 4.35%, afterwards we see a Fake-out of Price Breaking Down the Daily: - After the Fake-out, we see Price make a Bullish run and create an Equal High - Going from the Low of the Fake-out @ .63478 to the Equal High @ .68239, Price follows a Descending Channel until making a Fibonacci Retracement to the 38.2% Level, leading to a Bullish Break Confirming a Bull Flag Pattern! - Sept. 18th - FED decide to Cut rates by 50 BPS to 5%, afterwards on Sept. 19th Price Closes Bullish Above the Resistance-Turned-Support giving us a Higher High and Potential Buying Opportunities! I suspect the next area of Resistance Price will come to is at the over head Swing High @ .6895 and Falling Resistance where ultimately I believe AUD will give a Bullish Break to the Weekly Pennant and we will see Price continue to climb! Indicators: * RSI is beginning to become sustained Above 50 * BBTrend is printing Green Bars * If you take the two Largest Bearish Candles in recent Price Action ( Sept. 3rd & Sept. 6th in Descending Channel), we can see that the Volume Delta prints -36.103K for the 3rd but only -20.958k for the 6th, Signaling less Bearish Participants!
Long
by Novi_Fibonacci
GBP/CHF - Bullish Flag Breakout & Strong UptrendOverview: The GBP/CHF pair has not only been in a strong uptrend but has also formed and broken out of a bullish flag pattern, further signaling the continuation of upward momentum. The breakout above the 1.2300 resistance level suggests a potential for further gains. Technical Analysis: Bullish Flag: A clear bullish flag pattern has formed, with a breakout confirming further upward movement. Next Resistance Levels: 1.2550 and 1.2600 RSI: Currently at 65, indicating there’s still room for more upside. Fundamental Analysis: GBP Strength: Strong economic data from the UK, including better-than-expected GDP growth and improved employment figures, support the pound’s rise. CHF Weakness: The Swiss National Bank’s (SNB) dovish stance continues to weaken the franc, providing a favorable environment for the pound’s strength. Trading Strategy: Targeting 1.14036 ,1.15070 , 1.16159 Stop Loss: Place a stop below 1.1120 to protect against downside risk.
Long
by mohammad_alavi
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
ETHUSD → Manipulating growth before liquidation BINANCE:ETHUSD is forming a counter-trend bounce and is aiming for strong resistance amid a bearish trend. The project is going through a rough patch, fumbling for a market bottom... ETH faces troubles:: WisdomTree has requested the withdrawal of its ETH (Ethereum Trust) fund registration application three years after filing with the SEC. Earlier, VanEck closed its futures ETH-ETF, citing lack of demand. Likewise, indicators suggest that Whale stopped accumulating ETH since July. Since then, they have been mostly selling. Technically, we see the market being squeezed by strong resistance: trend lines as well as moving averages, which may negatively affect the market, keeping the coin from rising. Resistance levels: 2375, 2460, 2510. Support levels: 2309, 2111 The coin is heading towards the resistance and liquidity area amid a bearish trend. This can be seen as a manipulated move to capture liquidity before further testing the intermediate bottom. I expect a decline from the mentioned zones towards 2100-2000. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;) Regards R. Linda!
Short
by RLinda
39
GBPJPY → Traders increase short, preparing for a fallFX:GBPJPY is unable to continue the uptrend. The price is breaking the price channel support, and the parabolic curvature can be interpreted as a set of short positions. The Japanese Yen continues to strengthen. GBP is forming a small correction since the Open of the session, and the Japnese national currency is accelerating northward. The parabolic curvature that is forming on the chart can be explained as a set or increase of short positions by large players. Such a maneuver indicates a possible strong and prolonged decline in prices. But, the focus is on the sideways range 192 - 189. Despite the fact that the price has left the channel, it is still in the range and the mentioned support restrains the market from falling. Resistance levels: 190.97, 192, MA-50 Support levels: 189 If the bears manage to break 189 and consolidate below, it will be the reason for the continuation of the decline to the global low. On D1 the price is pushing away from the strong zone and also shows bearish preconditions Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPJPY ;) Regards R. Linda!
Short
by RLinda
24
BNXUSDT → Liquidation on bullish trend before rising...BINANCE:BNXUSDT continues to correct and is heading towards global bullish trend support.Against the overall backdrop, the coin looks promising as one of the few continues to hold an uptrend.... Locally, BNX is testing the key liquidity area, a rebound to 1.300 may follow, but depending on the situation, there are various patterns indicating selling pressure on the market, such as: local lows, sma cross, closing bars at daily lows.... But, confidence is given by the overall trend. It is worth paying attention to the support 1.061 - 1.22, in this zone the struggle between the market participants is formed. The bulls may finally win if they are able to consolidate above 1.2000, but before that a long-squeeze or a scramble for support is possible. Resistance levels: 1.2000, 1.31, 1.425 Support levels: 1.14, 1.06, 0.95 Technically, the trend boundary and liquidity area has not been tested yet. There are no strong bullish signals and MM may form a trap (false growth, liquidation (sell-off) and false breakdown followed by growth). Emphasis on these key zones... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BNXUSDT ;) Regards R. Linda!
BLong
by RLinda
7