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GBPUSD → The start of a rally? A retest of support FOREXCOM:GBPUSD on the back of Powell's loyal speech regarding further rate cuts, but which he has now left unchanged, and also on the back of inflation, which is falling much slower than he would like, is strengthening and updating the high to 1.279 . On D1 we see how the price reacted to the news that came out on Wednesday. Price tests the MA-200 on Tuesday and Powell accelerates the rally on Wednesday. Pretty aggressive market reaction to virtually unchanged data. Oh well. At this point, the price broke the downward resistance, which puts the market in a bullish phase. After consolidation we see the transition to the distribution mode, which may continue after the local retest of the support areas indicated on the chart. Strong bulls have come to the market again, which take advantage of the weakening TVC:DXY The key support area is 1.2715 - 1.2650. A retest of the support may form a false breakdown, and the subsequent consolidation above the level will form a bullish potential. Medium-term targets for further growth are resistance at 1.2784, 1.2888 Support levels: 1.2715, 1.265, 1.2615 Resistance levels: 1.2784, 1.2888 Within the framework of the emerging correction, the price may test the support before further growth. Today there is no strong news that can affect the market, in all likelihood, the bullish influence on the pair will continue. Regards R. Linda!
Long
by RLinda
11
GOLD → Nearby resistance could influence further declines FOREXCOM:XAUUSD on Friday, after the words of Williams (Fed) falls under the sell-off and tests the low of 2015.6. At the moment, the market is calm and forming a correction after a false breakdown of support. For the TVC:DXY , a relatively bullish fundamental backdrop was restored on Friday. In all likelihood, the correction may be followed by a recovery phase, which could affect gold in terms of further declines. Let me remind you that at the moment the price is in the range of 0.382 fibo - 0.236 fibo. On the H1 chart, the price is forming a false break of the support of the 2020 range and is heading towards resistance to retest this area. The market still wants to take the price lower as there is an area of imbalance and interest for the market below the 2000 - 1975 area, but amid strong market manipulation by the Fed, the asset is trading slightly higher than it should be. Support levels: 2020, 2015 Resistance levels: 2030. 2038. 2050 Still, we expect a decline after the resistance retest. The market is recovering fundamental background, within which gold may test lower support levels. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
10
🇬🇧 GBPUSD 🇺🇸 - Correction within the ascending channel The currency pair is forming a correction after a false break of the ascending channel resistance. The way is open to reach the lower boundary of the channel. The fundamental background is favorable for the decline, as the news strengthens the dollar, which affects the pound sterling. Suggested decline ↓: 1) false break of channel resistance 2) false break of 1.273 resistance 3) support retest 4) Consolidation before breakout 5) Correction phase
Short
by AndeWave
2
GOLD → Bears are around. The fall may continue, but....FOREXCOM:XAUUSD is under selling pressure amid the global bull market. Earlier, the price updated the high to 2150, after which it formed a rather strong conglomerate of bearish patterns. Last trading week, the market rattled everyone's nerves. And the reason for that was the incompetence of the Fed as a structure that has a huge influence on the market. The paradox of the Fed this week was that Fed Chairman Jeremy Powell gave a strong pattern on Tuesday that they are discussing rate cuts and are ready to do so in the future. As a consequence, an aggressive reaction is forming in the market in the form of a bullish momentum of 3%. And on Friday, one of the Fed's representatives, Williams, said that they are not even going to consider this issue anytime soon. He also added that the Fed is seriously ready to raise rates if necessary. the market reacts with strong sell-offs of $300 or 1.5%. The price is testing one of the strong support areas and from the technical analysis point of view, there is a chance to see a rebound and a retest of the local resistance before a further decline. In the coming week it is worth paying attention to the following news, the data on which can also determine the medium-term outlook for the market: GDP QoQ, Initial Jobless Claims, Philadelphia FED MI Core DGO, CORE PCE Based on the fundamental data from last week, there are strong indications that we should expect the TVC:DXY to strengthen from the market opening and in the medium term. Consequently, after a small correction, gold may continue its decline towards the imbalance zones, which are obviously still of interest to the market maker. The medium-term target may be the support area below 1975. The market may test the support of the global price channel before further growth. At the moment, the priority of forces is for the bulls, as there are a number of nuances and patterns that point to this. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
24
GOLD → The market is warming and bullish potential is forming FOREXCOM:XAUUSD strengthens and tests the local high but fails to reach the key resistance at 2050. A strong consolidation above the 2030 level and subsequent momentum is forming. On D1 we see the potential that the market is aiming for. On the background of weakening TVC:DXY , on the gold market bulls form a strong support area below 2030 after which within the framework of realization of the accumulated potential the market strengthens, forming a bullish impulse. For us at the moment the area of 2034 and 0.382 fibo plays an important role. As the pre-breakout consolidation is formed in relation to the resistance, and after the false breakout of 2040 the price does not fall, but breaks the resistance, it seems that with a positive fundamental background the market may continue its growth. But before the growth the price may finally test the support. As part of the realization, the price may reach the area of 2050 or even 2060. Closing of today's daily session will determine for us the medium-term potential for the next week. Resistance levels: 2047.5, 2050. 2062 Support levels: 2038, 2030, 2025 It seems that the market is getting ready to test the resistance. A pullback within the range may follow. Price return to resistance will prepare the market for further growth. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
33
🇺🇸 USDJPY 🇯🇵 - Current bearish trend. support breakout aheadThe currency pair continues to form a bearish trend. There are quite a lot of preconditions for further breakout. for example - breakout of 141.6 support will send the price even lower The beginning of correction ↓: 1) Dollar weakness after the news 2) Dollar weakness strengthens the Yen 3) A retest of 141.6 support will lead to a breakout 4) There is no resistance zone below the level and the price will calmly head towards 139.0. 5) Bearish trend
Short
by AndeWave
1
GOLD → The market's violent reaction. What to expect next...FOREXCOM:XAUUSD is once again meeting strong bulls. Powell's speech influenced the price growth and a 2.8% momentum is forming. Let's see what happened and what to expect: Most important: The rate remained unchanged. Inflation eased 0.1% to 3.1%. In fact, there was no change . Speculators liked Powell's more positive tone, which caused them to react with a rather aggressive infusion of capital into the market. But again, everyone, as well as the Federal Reserve and analysts expect the rate reduction not earlier than March 2024. Apparently, there was an internal psychological hunger on the background of long waiting for any hints or actions and as a result, we see the weakening of the TVC:DXY and the growth of gold. Today we expect important news at 13:30 GMT. Analysts expect the data to remain unchanged. In terms of technical analysis, Gold is testing the resistance of the previously created range of 2038. A false breakout is formed, which may lead to a small correction before further growth amid positive fundamental background. The price may test 2030, 2025, 2020. But a retest of 2038 and consolidation above the level will contribute to the strengthening of gold. Support levels: 2030, 2025, 2020 Resistance levels: 2038, 2049 I think that before the news there will be a sideways range and consolidation, after the news the price may form a correction before further growth. But everything depends on the news. Regards R. Linda!
OANDA:XAUUSD
by RLinda
8
GOLD - After breaks of resistance line, price can continue growHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few days ago price started to trades in flat, where it first bounced from $2000 support level to bottom part. After this movement, Gold made a strong upward impulse back to $2000 level, broke it, exiting from flat too. And then price corrected below and later started to grow in rising channel, where it broke $2000 again. Later Gold exited from channel, rose to resistance line, and made a strong downward impulse lower support area. But a not long time ago it rose back and even soon broke resistance line and now Gold trades near this line. In my mind, price can make retest of support line and then continue to move up to $2085 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
3
GOLD → Pending FOMC & FED. Price may fall even lower FOREXCOM:XAUUSD is in consolidation phase and it is likely to last until 19:00 GMT. The market is waiting for news and no strong movements in one or the other direction should be expected before the time. The premise is that the dollar will strengthen: Friday's NFP continues to be bullish for the TVC:DXY (pattern to break resistance is forming) PPI is expected to be bullish Overall the data over the past few days will not allow Powell to cut the rate. Inflation is still strong to change policy. Against this backdrop, gold may test one of the local highs: 1990, 1996, 2000 before falling further Overall, from a technical point of view, there is still a huge buying imbalance in the gold market, the market maker can take the price much lower to balance the situation and at the moment the negative fundamental background is contributing to this. Support levels: 1976,2 Resistance levels: 1984.3, 1990, 1996 The price continues to update the lows and this indicates the mood of the market. The fundamental background for gold is unfavorable and the decline may continue. The situation may change if today's news and its actual data are not extremely opposite to expectations Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
36
EURUSD → FED & FOMC Expectations. Will the situation change?FOREXCOM:EURUSD is forming consolidation in the phase of waiting for news related to inflation and US monetary policy. Based on the expected news and past data, there are a few nuances. The TVC:DXY is leading an interesting life on 4H tf. The index is gaining a bullish stance, we can tell by the long shadows and the price pushing towards a strong resistance area that may be broken. PPI is ahead (analysts expect positive data for $) , Friday's NFP is also positive (this leverage is still in place) for DXY. And also ahead of Fed IRD - it's too early to talk about a rate cut, inflation is falling, but there is not enough potential to change Powell's views yet. Technically, on the background of the news, I expect a retest of the mentioned resistance area of EURUSD (1.083 - 1.081) with a subsequent fall, as the dollar is supported by strong fundamentals and expectations, in which case the forex will continue its downward correction. Support levels: 1.0756 Resistance levels: 1.083-1.081, 1.0800 The SMAs are showing the beginning of a change in sentiment as the fundamental backdrop is weakening for the euro. Based on the expected news, the dollar could rise, which would weaken the currency pair. But again, the main nuance of news is its unpredictability! Regards R. Linda!
Short
by RLinda
1
GOLD → Waiting for the CPI. Will the situation change much?OANDA:XAUUSD continues to fall despite the expectations of many. The price is testing the 1984 area and updated the low to 1975.89. What can happen today? The TVC:DXY is in a local trend phase, but at the same time it is consolidating in anticipation of today's CPI and further news this week. The main gaze is directed towards FED interest rate decision, FOMC statement, Initial jobless claims. Against the backdrop of Friday's NFP we can say that things are still not very stable and the representatives of the US economic system may still consider a tougher outlook. In this case the dollar index will continue its growth and gold will go down. Technically, the metal is in the red zone, updating lows and testing resistances from below. The chances that the market will change the trend are not so great. Analysts expect bullish CPI, which will strengthen the dollar. Gold may fall further after a shakeout, within which it may test nearby resistances. Support levels: 1980, 1975, 1965 Resistance levels: 1984, 1890, 1994 I expect a shakeout on the background of the news, after which the decline may continue with a high probability. The potential is on the side of the bears, their strength prevails at the moment. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
11
BNB → Price is showing an interesting bullish outlook BINANCE:BNBUSDT breaks the resistance of bearish trend on the background of improving fundamental situation. For the activation of the bullish phase of the market, a few more conditions must be met. We can see that CRYPTOCAP:TOTAL capitalization, following the COINBASE:BTCUSD growth, is also moving into a bullish trend format. BNB is falling away due to regulatory and governance issues. At the moment, the fundamental environment is improving and the price is starting to show interesting prospects. The break of the descending wedge resistance is a strong enough signal, the price is testing the MA-50 support and the bulls are confidently consolidating their positions above the moving average. At the moment, the resistance of the current consolidation - 257.8 - is holding back the market from going bullish. A break of this resistance will be accompanied by a surge in volumes, volatility and the formation of a bullish impulse. Support levels: 226, MA50, 203.4 Resistance levels: 257.8 I expect a breakout of the mentioned resistance after the next retest. On the background of favorable conditions it may happen rather quickly. Targets are 336.8, 439.0. Regards R. Linda!
Long
by RLinda
14
GBPUSD → Weak fundamental background will weaken the poundFX:GBPUSD is set for further declines as the TVC:DXY will continue its strength on the back of Friday's NFP, which will weaken the pound sterling. On d1 we see consolidation and retests of key liquidity areas. Since the opening of the session the market has been testing local areas and the pound is forming a small correction, most likely from the nearest resistance the decline may continue. On H4, the double top is forming a false break of the channel resistance and we understand the approximate resistance area. The bears are concentrated in the range of 1.2600 - 1.2700. On a weak negative backdrop, the pound may test the zones of interest and liquidity below 1.250 in the medium term. Within the range trading inside the ascending price channel, the emerging correction may lead us to trend support. Resistance levels: 1.257, 1.2600, 1.2615, MA-50 Support levels: 1.250, 1.245, 1.2386 I expect the end of the correction at the nearest resistance with the subsequent price drop to these areas on the background of weak fundamental background. Regards R. Linda!
Short
by RLinda
43
GOLD → Strong bears have come in. price is making new lows NCDEX:GOLD after NFP is updating 2-week low and preparing to decline further as fundamentally, we notice a reversal of market sentiment. On D1 the TVC:DXY is forming a reversal setup and another retest of the key level. Against the backdrop of positive NFP, the index could strengthen quite strongly within the medium-term outlook. In the COMEX:GC1! market, there is still a huge market imbalance in favor of buyers, whose number began to increase since the beginning of the conflict in the Middle East. A final break of the 1994 support and further price decline towards 1984 is expected in the near future. But before that the market may test the local highs (resistance). Moving averages indicate a strong bearish trend. Resistance levels: 2000, 2004, 2007 Support levels: 1991, 1984, 1965 Fundamentally and technically gold is going down. There is no strong news today, but the market may test the nearest resistance to capture liquidity before falling further. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
17
BTCUSD → How fast will the BITCOIN reach 50K and then what?COINBASE:BTCUSD continues to rally. At a time when many were waiting for a correction from 40K, the flagship is strengthening to the next level and preparing for a further breakout. Fundamentally, bitcoin is backed by quite strong factors. Basically, the entire surge of interest is triggered by the influx of applications for the spot BTC-ETF. With each passing day, the market is getting signals of further strengthening fundamentals, both in terms of the underlying fundamentals and by getting closer to the date when the SEC will make a decisive move: U.S. regulators are becoming more loyal to ETF approval SEC and funds are moving on to key technical details in the discussion The expected Fed rate cuts are also favorable to flagging capital inflows based on fundamental fundamentals. capital inflows based on fundamentals. etc. BTC is currently forming a local level of 44490 . False breakdown does not lead to a strong fall, the coin continues to form a pre-breakdown consolidation. Another retest of resistance will lead to a breakout and further growth towards the upper boundary of the range. Based on the clusters, in BTC , an important resistance area is located around the $ 47360 level, while the 37K level is an area of significant support. From a technical perspective, strong support is at 38K and the key resistance delimiting this range is 48.2K . It is worth paying attention to the local resistance zone at 44500 . The price temporarily stops in front of the level, but the potential is still strong enough to continue rising. A breakout and consolidation above the level will give good bullish leverage. Support levels: 42900, 20600 Resistance levels: 44500, 48234, 51000 Technically and fundamentally bitcoin shows excellent bullish potential. Therefore, we expect the growth to continue after the breakthrough of the mentioned level. And the approval of BTC-ETF dispute requests will give an inflow of huge potential and capital into the crypto market. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
18
GOLD → NFP ahead. Will the sell-off continue? OANDA:XAUUSD continues to form a local bearish channel after updating the high to 2150 and strong sell-offs to the current area. There is still a huge imbalance in the market and the price could go even lower to settle the situation. NFP could perfectly develop the expected scenario I have been telling you about since the sell-off. Expect the data at 13:30 GMT. The Initial Jobless Claims report was released yesterday with positive data for the dollar. This could be a hint that NFP will hit the planned 180K , maybe more , instead of the last 150K . More bullish data relative to expected data will shake up the market. The dollar may strengthen, which will have a positive impact on gold. Gold made a false breakout of 2038 resistance and bearish channel and continues to trade within the downside range. The target support levels are a potential target. But before the news, volatility will be very sluggish. The market is saving the potential for realization. Support levels: 2027, 2025, 2022, 2007 Resistance levels: 2033, 2035, 2038 News can be unpredictable, try to trade carefully before the news. We are expecting a more positive NFP , a rising dollar and gold falling to the previously mentioned targets, but anything can happen OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
45
GOLD - Price can make correction and then bounce to $2050Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price bounced from support line and rose to $1995 support level, which coincided with support area. In a short time price broke this level and then corrected, after which it bounced up to resistance area. But at once Gold declined below, and then it made strong upward impulse to $2145 points, breaking $2050 level. Later price fell to this level, broke it, and then support line too, after this Gold started to trades inside flat. Inside flat price declined to support area, where it continues to trades to this days and I think that Gold can correct. After correction price can start to move up to $2050 resistance level, which coincides with top part of flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
8
EURUSD → Bullish NFP figures for USD may drop EURFX:EURUSD is declining and testing the local minimum on the background of strengthening of the dollar. The price is retesting MA-200 , which only increases the chances of further decline. Today, at 13:30 GMT we will meet the NFP data, to which the market reacts quite strongly. In general, analysts expect an improvement for the dollar, as 180K is expected relative to the previous 150K . After the publication of yesterday's Initial Jobless Claims, the reality is closer that the market could see NFP 180K , if not more, as the overall market situation is improving and the fundamentals support this. EURUSD may react with a fall to the possible strengthening of the dollar, but before the fall the price may test a local high, for example 1.08170. Overall, the chart clearly shows the approximate potential. A false breakdown of resistance of the ascending channel opens the possibility to see a sell-off towards trend support. Support levels: 1.0760 Resistance levels: 1.0800, 1.08170, channel resistance In general, bullish news is expected for the US market, which may weaken the euro and the currency pair may fall. But this is news and no one knows in advance what can happen, we only try to see the scenario with a higher chance of realization FX:EURUSD TVC:EXY TVC:DXY Regards R. Linda!
Short
by RLinda
4
ADAUSDT → Cup with Handle before distribution BINANCE:ADAUSDT is forming a breakout of the key pattern resistance, but we have not seen a corresponding reaction yet. The price is updating the 6-month high, but we did not wait for the distribution. Hopes are fueled by the formation of the "Cup with handle" pattern and the Golden Cross of MA200 & MA50 A reversal pattern "Cup with handle" is forming in relation to the limit resistance area at 0.3807. A false break of resistance forms a correction and consolidation near the key area, which peculiarly reminds us of the key pattern Fundamentally, the cryptocurrency market is mainly waiting for results regarding ETF applications that the SEC is reluctant to review. Approval of applications for spot ETFs will greatly increase the inflow of funds and market capitalization On the chart, the support at 0.3529 - 0.3500 is important for us. Within the framework of the forming pattern and correction, the price may test this area with a false breakout, which will begin to form a bullish potential, because according to statistics, the strongest movements occur after a false breakout. Resistance levels: 0.3807, 0.3850 Support levels: 0.3529, 0.3490 I expect a support retest before distribution. A strong impulse can start after the breakout of the locational downside resistance of the pattern "Cup with handle" CRYPTOCAP:TOTAL COINBASE:BTCUSD Regards R. Linda!
Long
by RLinda
7
JASMY → Consolidation may move into distribution BINANCE:JASMYUSDT is moving to the phase of realization of accumulated potential. On the background of signal from moving averages the market before resistance forms pre-breakdown consolidation. As a result - breakout of the global trend resistance. If you pay attention to the COINBASE:BTCUSD chart, the CRYPTOCAP:TOTAL chart (Total Cryptocurrency Market Capitalization), you can see that against the background of the general crypto hype JASMY is quite inferior to the leading assets. At the moment, the coin is entering the phase of realization of the accumulated potential and against the background of a rather large gap, the coin can show a good, let's say "low start" and form a huge momentum. At the moment our task is to wait for the price to consolidate above the previously broken channel resistance. Consolidation and forging of the bullish potential above 0.0060 will open us the opportunity to enter the market from a relatively safe position. Moving averages are supporting the market. Support levels: 0.0060, 0.005025 Resistance levels: 0.006575, 0.00796 The market is beginning to show prerequisites for bullish dynamics. Price consolidation in the new range will give us a good potential. Regards R. Linda!
Long
by RLinda
6
GOLD → The bears are moving towards imbalance OANDA:XAUUSD continues to update lows, testing new zones, but at the same time, as part of the correction, the price confirms the boundaries of the forming descending price channel. On D1 it is obvious that the decline in gold will continue, as there is still a huge imbalance at the expense of buyers. At the moment we are interested in the support area of 2022, which may be broken after another retest. In this case the decline will continue to 2009 and then to 1984. The Dollar Index is forming a correction, but even if the decline starts, gold may not react to the dollar and will continue to move towards its targets. On the chart we see a bearish channel, a bounce from resistance and another retest of support, the sellers are strong at the moment. At the same time the market is waiting for the news at 13:15 ADP Nonfarm EC, don't miss it, but before the news reduce the risks. Support levels: 2022, 2010, 2007 Resistance levels: 2035 I expect the continuation of the descending channel formation, in this case, the support may be broken soon and the price will head towards the mentioned target TVC:DXY OANDA:XAUUSD COMEX:GC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
15