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EURUSD → Entry into the bullish zone. ! NFP ahead !FX:EURUSD is returning to a bullish plane relative to the ascending channel. Focus is on the 1.1100 obfuscation and the upcoming NFP data to be released later on Friday. Price is testing the global resistance level at 1.1125. Before the news, a struggle for the key zone may form or a pullback may be formed. The favorable NFP, which the markets are waiting for before a possible interest rate cut on September 18, may affect the decline of the dollar, which in turn will have a bullish effect on the currency pair. Unexpected data may close the price in the range of 1.120 - 1.105. Resistance levels: 1.114, 1.120 Support levels: 1.1099, 1.1047 The focus is on the resistance of the ascending channel and 1.110. If the bulls can take the defense above this zone, we should expect growth to 1.130 in the future. But a failed attempt may affect the pullback to 0.5 fibo or 1.1045. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Long
by RLinda
8
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!
Long
by RLinda
7
GOLD - Price can fall from top part of flat to support areaHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to rising channel, where it at once fell to support line, breaking $2385 level. Soon, price rose higher than $2385 level, breaking it again, and then rose to resistance line of channel, and made a fake breakout. Next, price declined to $2385 level and later bounced up to $2475 level and soon broke it, exiting then from channel too. After this, Gold started to trades inside flat, where it some time traded between top and bottom parts. Now, price trades near top part of flat and I think it can rise a little more and then bounce down to $2465 support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
GOLD → CPI ahead. High risks to renew ATH, but...FX:XAUUSD is testing 2530 and risks a new high as each new retest increases the chances of a resistance breakout. Ahead of CPI, inflation data could set the medium-term tone for markets... Traders are waiting for US inflation data that could confirm the size of the Fed's interest rate cut next week. An uptick in CPI figures could trigger a rise in the dollar at the expense of gold prices (capital outflows), negating expectations of an excessive Fed rate cut. Conversely, softer CPI data could revive bets for a 50 basis point Fed rate cut, collapsing the dollar and pushing the gold price to new lifetime highs. The 2530 area is very active in keeping the market from rising, accordingly, the accumulation of orders above 2530, if the resistance is broken, could activate a rally.... Resistance levels: 2530 Support levels: 2514, 2512, 2506 The price return to the resistance area will confirm the readiness to test 2530 for a breakout. If the bulls manage to pass this zone, we should count on growth, but the bears are holding this area quite aggressively. There is also a high probability to catch a short-squeeze and further decline to 2506-2500. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
20
GOLD → Liquidity is a magnet. Getting ready to test 2475FX:XAUUSD like the TVC:DXY is going up, only the currency has a reason, and gold forms this movement based on manipulation. The price is at a strong resistance and a double top, which forms the prerequisites for a decline towards 2490-2475. The dollar is strengthening on the background of a weak report on the U.S. labor market, as well as due to the Asian market, where fears of a slowdown in the Chinese economy are growing, despite the fact that traders expect lower interest rates next week. The theme of a “hard landing” for the U.S. economy is still on a high tone.... The reason for gold's rise since the beginning of the trading session on Monday is behind the decline in US Treasury bond yields All eyes are still on the US inflation data due to be released on Wednesday... There is no reason for the price to move out of the range, accordingly, gold will continue to form a sideways (neutral) market direction. Resistance levels: 2507, 2516 Support levels: 2500, 2494, 2484, 2475 Technically, the price is bouncing off 0.5 fibo, forming a double top with no opportunity to reach the upper boundary of the range as there is no interest for MM. The key liquidity is hidden in the lower part of the range, where, most likely, the price will seek in the near future on the background of the dollar growth Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
29
EURO - Price can make small move up and then bounce down in flatHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price traded between $1.1120 level, which coincided with resistance area and later made upward impulse. After this, EUR started to decline inside falling channel, where it fell lower $1.1120 level, breaking it. Next, price exited from channel and started to trades in flat, where it fell to bottom part and even made a fake breakout. Then Euro turned around and in a short time rose to the top part of flat, which coincided with resistance level. But a not long time ago price bounced down and I think that EUR can make a small move up and then fall to $1.1045 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
13
GOLD → Area of Interest 2475. What's next? 2450 or 2500?FX:XAUUSD is shedding downward on the background of unexpected NFP, which was published on Friday. The dollar is rising, which is generally negative for the metal. But, globally, gold is still strongly bullish.... The first half of the week should be extremely quiet, as important news will not start to arrive until Wednesday. Traders are waiting for CPI, PPI, as well as the Fed meeting scheduled for September 18, where they are expected to make a decision on interest rate cuts. A rate cut makes currencies cheaper, which only increases the interest in gold. Technically, the price of gold can't consolidate above 2500 and is trading below the critical level of 2494, indicating buyer weakness, which goes into the accumulation or waiting phase.... Resistance levels: 2493, 2500 Support levels: 2485, 2475, 2450 Technically, it is worth considering a decline and a retest of 2475, as after the upward rally from below there is a huge pool of liquidity that attracts the market. Further, further scenario will depend on the market reaction to the range support: False breakdown may give a chance for growth to 2500, and breakdown and consolidation below 2475 may provoke longsqueeze to 2450. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
16
GOLD → Aggressive bulls and double bottoms. What's next?FX:XAUUSD is testing the support of the range, forming a double bottom and distribution. Buyers are not ready to say goodbye to 2475, aggressively holding this area. Price is heading towards the upper end of the range. Bulls held global support, bringing price back to ATH amid expectations of key economic data from the US. NFP, and inflation data on Friday weigh on markets' assessment of the size of the Fed's rate cut this month. Gold traders will be focused on ADP private sector employment data, Initial Jobless Claims and ISM services PMI. Technically, the focus is on the 2526 - 2504 range. Such a strong move (distribution) is fraught with a false breakdown and rebound, but there are fundamental nuances: favorable news can strengthen the rally and break the resistance, while negative news can turn the price all the way to 2475. Resistance levels: 2526, 2531 Support levels: 2510, 2504, 2494 Emphasis on the retest of resistance 2526. High probability of a rebound to 0.5 fibo. Further, the market will be influenced by economic data, which will be published from 12:15 GMT. It is not excluded that the price will reverse earlier or fly to 2550. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
43
USDJPY → Consolidating before the news.... FX:USDJPY has been in consolidation for a long time, correlating with the dollar. Traders are waiting for key news and are not ready to act early. The currency pair is in the downward phase, which is a consequence of the strengthening of the Japanese yen on the background of the dollar's decline. The Central Bank of Japan actively considered the issue of raising rates, but postponed this step for later because of destabilized markets. Today is an important report on inflation in the USA. So far, everything is going according to the Fed's plan. Markets are actively plotting the start of a Fed rate cut in September. Technically, the bearish trend may continue, there is a huge pool of liquidity above 147.9, which may be liquidated before further decline. Resistance levels: 147.9, 150.2, 150.86 Support levels: 146.29, 144.04 Technically and fundamentally we have prerequisites leading to a possible decline. We should wait for news to take some actions.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDJPY ;) Regards R. Linda!
Short
by RLinda
26
GOLD - Price can exit from flat and continue to move upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from $2405 to $2475 level and then turned around and fell lower $2405 level, breaking it. Then price started to grow inside rising channel, where it rose to $2475 level, breaking $2405 level one more time. Gold some time traded near $2475 level and later broke it, exiting from channel and entering to flat. In flat price some time traded between the top part and bottom, and a not long time ago it bounced from $2475 level. Now, Gold trades near top part of flat and I think that price can reach this part and then make a small correction move. Next, price will exit from flat and continue to move up to $2570 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
4
LTC → Price exit from accumulation ↑BINANCE:LTCUSDT is coming out of accumulation, breaking the structure of the “descending wedge” pattern - a rather strong bullish pattern. Price is still pinned by resistance, but the bulls have a chance... Globally, there is no trend in the market. The price is in a sideways movement between 114.0 - 56.0, which I consider a positive reason for a possible rise, as the price moves between the levels in a range. But we have prerequisites for possible growth (consolidation above MA-50, break of the wedge resistance), theoretically the price can head towards the resistance of the global range. Emphasis on the area of 0.5 fibo - 67.8. If the bulls successfully manage to keep the defense above the mentioned zones, in the mid-term the coin can show a good realization towards 76.9 - 88.6. Resistance levels: 67.8, 76.9 Support levels: descending line, MA-50, 0.5 Fibo Perhaps the primary retest of 67.8 will not bring success and the price may form a small correction, but the gradual return of the price to the retest will increase the chances of a breakout. A fixing above the level will be a good signal for growth! Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:LTCUSDT ;) Regards R. Linda!
Long
by RLinda
5
GOLD → Risk zone! One step away from a prolonged correctionFX:XAUUSD is trading in the lower half of the key range. The price failed to hold above 2493, the market is spilling back to support. But, there are nuances pointing to both a rebound and a possible fall..... The trend is still bullish. The price is entering the risk zone of 2470 - 2480. If the bulls do not keep the price above this zone, we should expect a prolonged correction. But, there are Initial Jobless Claims and NFP report ahead, which traders are waiting for so much. The economic nuances can both strengthen local movements and revive the global trend. On H1 the price is strongly declining to the support, such a fast movement is fraught with a rebound, which can bring the price back to 2493 - 2500 and this is probably the key movement. But there is a but everywhere! It is hard to tell from the volumes that the buyer is ready for any action. False breakout and consolidation above 2477 may affect the growth. Resistance levels: 2493, 2500 Support levels: 2477, 2473, 2450 But the fall is not excluded. If there is no reaction to the 2477-2473 zone in the form of a rebound, and gold starts to consolidate near the support, then we should consider a decline, the key target of which could be the 2450 zone and the trend line on D1. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSD
by RLinda
16
BITCOIN → Manipulative ShortSqueeze. When to prepare for growth?BINANCE:BTCUSD is not falling below 50K, which is expected by many. The flagship continues to consolidate ( which has been going on for half a year now ) and accumulate potential at the expense of some traders or another, mostly at the expense of sellers. Why am I being positive? . In the second half of August, BTC tried to move into the realization phase and headed towards 70K, but ran into a block of limit orders ( resistance ) at 65K - MM is not ready to let the price go. Having formed a double top, the price returns to the range confirming the fact of false breakdown and liquidation, as a consequence of such actions MM has an interest - liquidity from below ( for this reason I am waiting for initial decline with subsequent growth ). The chart above shows the key zones and possible scenarios to pay attention to when forming your strategy There is no constructive reason for the formed fall and therefore this movement can be considered purely manipulative, the purpose of which may be to buy up the asset through panic selling as well as prolonged accumulation before realization. Resistance levels: 59600, 60500 Support levels: 58700, 57900, 57736, 56078 . The market is still strong but in a range. Any attempts to sell-off are aggressively bought out by whales ( liquidity withdrawal ). On W1-M1 a stop is forming after a strong rally, which is considered as a controlled consolidation within the bull cycle, which is far from ending. The high probability scenario of that technical nuance is an upward distribution of accumulation. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
Long
by RLinda
42
GOLD → Change of Mood (local). Correction phaseFX:XAUUSD is breaking the structure of the ascending channel amid the counter-trend correction of the dollar (fundamental reasons). Price closes in the range of 2526 - 2477, what could this mean? On D1, the market is bullish both locally and globally. But, fundamentally and geopolitically the situation is slightly changing, which favorably affects the dollar exchange rate, against which gold goes into a local phase of correction. There is low liquidity in the market today due to the closed US market. On H1, the focus is on the resistance 2505 - 2510, sma. False breakdown and price consolidation below these zones will confirm the absence of bullish potential, which may lead to price correction towards the lower boundary of the key range. Support levels: 2483 (D1), 2493, 2477 Resistance levels: 2505, 2510, sma The focus is on the global range 2526 - 2477, the price continues to trade inside and does not hint at a possible exit from this channel, accordingly, it is best to use the inturidian trading strategy. The main target is liquidity below the key support zones Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSD
by RLinda
16
GBPNZD → Realization (distribution) phase. Target 2.065FX:GBPNZD is in the phase of realization of the previously accumulated potential (descending triangle), at the moment a counter-trend correction is formed, directed to the liquidity area. The fall may continue. The currency pair entered the range of 2.117 - 2.095. The lower boundary and the liquidity area have not been tested yet, so the potential target is still valid. The counter-trend correction is due to the counter-trend growth of the dollar against the main basket of currency pairs. On H4, there is a conglomerate of strong resistances ahead, which may prevent the price from the first time, accordingly, a false breakdown and further decline should be considered. Resistance levels: 2.11, 2.113, 2.12. Support levels: 2.098, 2.085 The breakdown of the structure, character and the formed confirmation of the bear market indicates that the counter-trend correction can be stopped from the liquidity pool area, so the downward movement can be continued from the mentioned resistance Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPNZD ;) Regards R. Linda!
Short
by RLinda
4
GOLD - Price can bounce down from support line to $2480 levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price reached support level and then bounced down to support line, after which started to grow. Then XAU reached $2480 level again, broke it, and started to trades inside flat, where it rose to top part at once. After this, price corrected to bottom part of flat and then in a short time backed up to to $2530 level. Price some time traded very close to this level and a not long time ago fell to support line and broke it. Also, price made retest, fell a little, and a not long time ago started to move up, and now it trades near support line. Possibly, Gold can reach support line and then bounce down to $2480 support level, which is bottom part of flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
6
GOLD → Inside the key range. Emphasis on MA-200 ↑FX:XAUUSD is once again testing the resistance of the 2531 range, but is not able to overcome it yet. At the same time the dollar is forming a flat in anticipation of important news.... “Dovish” expectations of the Fed and persistent geopolitical tensions in the Middle East will continue to support the price of gold. The Israeli army mobilized thousands of soldiers from special units in preparation for a major operation in the northern West Bank. Despite the bullish sentiment around the gold price, the upcoming Fedspeak could have an impact on the markets. Technically, the market is in a strong bullish trend, another range is forming and price is confirming its boundaries. Focus on trend support and SMA-200 on H1. If trend support fails to hold the price, gold may reach the lower end of the range, after which it will continue to rise. Resistance levels: 2517, 2531 Support levels: MA-200, trend, 2501, 2493 As long as the gold is within the ascending channel, we should consider long positions against the support. But if MM decides to lower the price, we should wait for correction to liquidity zones and count on growth from 2486, 2477. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
24
EURCAD → A change in sentiment to bearish. MA-200 breakdownFX:EURCAD breaks trend support and spills to the downside as funds increase long positions on the Canadian dollar, whose rise is directly linked to the fall in DXY. On D1, we see the currency pair returning to the range (1.5040 resistance) after a deep false breakdown. Accordingly, after the short-squeeze the market has potential - liquidity located at the bottom. Accordingly, in the nearest future the market may test 1.497, then 1.493. BUT! On H4 there is a strong zone of 1.498 ahead. There is a high probability of a false breakdown and correction before a further fall, because below this zone there is a huge pool of liquidity, which will not let the price pass the first time. Resistance levels: 1.506, 1.5085 Support levels: 1.498, 1.49 The 200&50 SMAs act as resistance, which indicates the current market sentiment. If the market is weak, a correction may not happen, bears may break the level quite quickly. In any case, it is worth watching the price reaction at 1.498 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURCAD ;) Regards R. Linda!
Short
by RLinda
5
BITCOIN → WHALES accumulate, BULLS aim for 70K ↑ BINANCE:BTCUSD has been consolidating since March, for half a year. Sooner or later the asset will move into the distribution phase. After the shakeout, the price returns to the channel and enters the consolidation phase, holding above 0.5 fibo. The shakeout spurred by panic over bad data in the US market a few weeks ago is redeemed. False breakout leads to a rise to 62K, which defines the local range, forming a strong resistance and the beginning of a local correction. Within the correction, the price is testing 0.5 Fibo and the bulls are actively holding the price above this area, indicating that they are not ready to let the price go beyond this area yet. So, the focus is on the consolidation of 62K - 56K. How long will the price trade in this range? As long as it wants, until MM gathers the necessary potential But, after support retest, false breakdown and liquidity capture, MM has another target - liquidity above 68K - 69K, therefore, we have a high probability to catch strengthening to the channel resistance (69K - 70K) Support levels: 0.5 Fibo (56K), 53500 Resistance levels: 59700, 62500, 70K A break of the local resistance may give an impulse to 62350. Next, we need to watch the price reaction at 62500. If the price will not pullback, but will start consolidating and squeezing, then we should wait for the breakout and growth to 70K Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
64
FLOKIUSDT → Pre-breakout consolidation. 35% potential ↑BINANCE:FLOKIUSDT practically does not react to the manipulative fall of bitcoin. A breakthrough of the channel resistance and consolidation with the purpose of continuing growth is formed. It is worth paying attention to the zone of 16.00 The coin has been in an downtrend for a long time. But interesting preconditions are forming on H4. Floki lives separately from the market, consolidates above SMA 200 & 50 and continues to test 16.00 for a breakout. Bears are still trying to hold this zone, but their strength is running out. Volumes are rising as is the potential for a pre-breakout consolidation. Resistance levels: 16.00, 21.00 Support levels: SMA, 14.056 Technically, the emphasis is on a resistance breakout. Consolidation may last for some more time. The structure will be broken if the price breaks the support at 14.056, but until that happens I am waiting for the realization and growth to 21.00 Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:FLOKIUSDT ;) Regards R. Linda!
Long
by RLinda
3
GOLD → Consolidation in a bull market. Will we reach 2550?FX:XAUUSD is moving into a consolidation phase amid a strong bullish trend as buyers are waiting for catalysts for a new upswing. Buyers are still serious, and Central Banks of major economies continue to actively buy the metal. Fears of a wider Middle East conflict, have eased, at the same time the US Dollar paused its overnight recovery. The corresponding reaction - flat, we observe on the chart of gold. Further price direction appears to be northward, as it remains supported by the Fed's dovish sentiment on monetary policy and looming geopolitical risks in the Middle East. In addition, hopes of improved physical gold demand from India and China are likely to limit the decline in the gold price. Resistance levels: 2517, 2531 Support levels: 2501, 2493, 2477 Technically, since the price is in a range and tested the resistance area earlier, the MM has a liquidity target at the bottom. Consequently, gold may test support (false breakdown) before heading towards resistance again. Emphasis on the channel boundary, 2501, 2493, 2477. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
ETHEREUM → Readiness for realization ↑ Target 3300 BINANCE:ETHUSD ETH is consolidating in front of strong resistance. Bulls do not let the price down beyond 0.5 fibo. amid Friday's news, the cryptocurrency market is reviving and ETH has high chances to pass through 2800. A false breakout of the resistance of the range is formed, but instead of falling, the coin is consolidating, which is generally one of the pre-breakout nuances. Technically, it would be an ideal condition for me to wait for a prolonged consolidation near 2780-2800 followed by a price advance towards the zone with a breakout target. The liquidation that took place earlier rid the market of an unnecessary part of speculators, after which the whales went into an active accumulation phase, now ETH shows positive preconditions of readiness to go to the intermediate high and resistance of the global range. Support levels: 2717, 0.5 fibo Resistance levels: 2780, 2817 The market is bullish, as evidenced by some indicators, technical indicators on the chart, as well as the fundamental background. Accordingly, in the mid-term I expect the price to come out of the consolidation 2780 - 2550 and most likely this exit will be accompanied by a breakout of resistance and growth to 3300. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;) Regards R. Linda!
Long
by RLinda
19