GBPUSD: The trend of discounts prevails?Hello everyone, great to have you back for today's discussion on GBPUSD!
Currently, GBPUSD has extended its decline, trading below 1.2600 as market pressure intensifies. Risk sentiment has worsened following a series of U.S. economic data releases, which indicate weakness in the overall U.S. economy while also signaling a persistent rise in core inflationary pressures.
From a technical standpoint, the pair has broken below the ascending trendline, confirming a bearish breakout. The bearish momentum remains strong, with no clear signs of a bottom forming yet. If GBPUSD stages a corrective pullback, it is likely to face resistance around the 0.5-0.618 Fibonacci retracement zone, which aligns with the confluence of EMA 34, EMA 89, and the newly established resistance area. This setup could reinforce selling pressure, making it a key level to watch.
Forex
EURUSD Under Pressure! SELL!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0488 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.0411
Recommended Stop Loss - 1.0535
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
NATGAS Massive Short! SELL!
My dear subscribers,
My technical analysis for NATGAS is below:
The price is coiling around a solid key level - 4.257
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 3.892
My Stop Loss -4.468
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
APPLE Buyers In Panic! SELL!
My dear followers,
This is my opinion on the APPLE next move:
The asset is approaching an important pivot point 245.60
Bias - Bearish
Safe Stop Loss - 251.37
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 235.33
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
ETH/USD Range Strategy: Key Levels for TradingThe provided content appears to be a snapshot of a TradingView chart for the Ethereum (ETH) to U.S. Dollar (USD) pair, dated February 28, 2025. Here’s an analysis and a potential trading idea based on the information:
### Analysis:
1. **Price Levels**: The chart shows Ethereum's price ranging from a low of around 1,200.00 to a high of 3,800.00. The current price seems to be fluctuating within this range, indicating potential support and resistance levels.
2. **Trend**: The chart spans several months, showing periods of volatility and consolidation. The price has experienced significant movements, suggesting that Ethereum is subject to strong market sentiment and external factors.
3. **Support and Resistance**: Key support levels are visible around 1,500.00 and 2,000.00, while resistance levels are around 3,400.00 and 3,800.00. These levels are crucial for identifying potential entry and exit points.
4. **Time Frame**: The data spans from March of one year to November of the next, indicating a medium to long-term analysis window.
**Description**:
- **Entry Point**: Consider entering a long position near the 2,000.00 support level with confirmation from bullish indicators. For a short position, consider entering near the 3,400.00 resistance level with bearish confirmation.
- **Stop Loss**: Place a stop loss just below the 1,800.00 level for long positions or above the 3,600.00 level for short positions.
- **Take Profit**: Aim for a take profit level near the 3,000.00 resistance for long positions or the 2,200.00 support for short positions.
- **Risk Management**: Ensure proper risk management by not risking more than 1-2% of your trading capital on this trade.
This strategy leverages the current range-bound movement of Ethereum, providing clear guidelines for entering and exiting trades based on key support and resistance levels. It also emphasizes the importance of risk management to protect your capital.
ETHEREUM MASSIVE LONG|
✅ETHEREUM is set to retest a
Strong round support level below at 2000$
After trading in a strong downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 2531$
LONG🚀
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USD/CHF Approaching Key Resistance – Potential Reversal Ahead?Analysis & Description:
The USD/CHF pair is currently testing a **strong resistance zone**, which previously acted as a significant **supply area**. Price has approached this **key level**, and a potential **rejection** could lead to a bearish move.
#### **Key Observations:**
✅ **Resistance Area (Supply Zone):** Price is retesting a previously respected **resistance** zone.
✅ **Bearish Setup:** If the price fails to break above the **0.90607 level**, a **reversal** could take the pair lower toward the **target area**.
✅ **Volume Confirmation:** Increasing volume near resistance indicates potential selling pressure.
### **Trading Plan:**
📉 **Bearish Scenario:**
- A rejection at **resistance** could lead to a move down toward **0.89267**, aligning with previous support.
- **Stop-loss** can be placed above **0.90607** in case of a breakout.
⚠️ **Bullish Risk:**
- If the price **breaks and holds above the resistance**, the bearish setup could be invalid, and further upside may occur.
### **Final Thought:**
USD/CHF is at a **crucial decision point**. Traders should **watch price action closely** for confirmation of either a **breakout or a rejection** before making a move! 🚨📊
EUR/USD Potential Rebound – Short-Term Buy Opportunity?Analysis & Description:
The EUR/USD pair has experienced a strong bearish move, pushing the price down to a key support zone near the lower Bollinger Band. A potential bounce-back scenario is forming, as indicated by the setup.
Key Observations:
✅ Bollinger Band Support: Price touched the lower band, suggesting a possible short-term reversal.
✅ Recovery Setup: The chart outlines a bullish recovery with a target around 1.04128 - 1.04169.
✅ Risk-Reward Setup: Stop-loss positioned below the recent low to manage risk effectively.
Trading Plan:
📈 Bullish Scenario:
A successful hold of the support zone could lead to a move toward 1.04169, marking a possible short-term bullish opportunity.
⚠️ Bearish Risk:
If the price breaks below the recent low, the bullish idea could be invalidated, leading to further downside.
Final Thought:
EUR/USD might see a temporary relief rally after the recent drop. A cautious long entry near support could be an opportunity, but traders must manage risk carefully! 🚀📊
EUR/GBP Breakdown – More Downside Ahead? Local Short! SellAnalysis & Description:
The EUR/GBP pair is showing bearish momentum, having broken below a key horizontal resistance zone, confirming a potential downtrend continuation.
Key Observations:
✅ Break & Retest Pattern: The price has broken below the previous support (now resistance) and is retesting it before further downside.
✅ Bearish Structure: Lower highs and lower lows indicate a continuation of the downtrend.
✅ Target Level: The next bearish target is marked around 0.82441, aligning with previous support.
Trading Plan:
📉 Bearish Bias:
A successful rejection from the resistance zone could provide a selling opportunity targeting 0.82441 and lower.
⚠️ Bullish Invalidations:
If the price reclaims 0.82760, it could signal a fakeout and potential bullish reversal.
Final Thought:
EUR/GBP is in a clear bearish trend, and a rejection from the resistance zone could trigger a further decline toward the 0.82441 level. Stay cautious of any false breakouts! 📉🔥
AUD-JPY Bearish Breakout! Sell!
Hello,Traders!
AUD-JPY is trading in a
Downtrend and the pair
Made a bearish breakout
Of the key horizontal
Level of 94.025 and the
Breakout is confirmed so
We are bearish biased
And we will be expecting
A further move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
UK HOUSE PRICES: RELENTLESS UPTRENDIn January 2025, the latest figures reveal that UK house prices have risen by 0.7%, pushing the average price to a staggering £299,238, a new all-time high. For the mainstream media, the narrative of an impending house price crash has been a constant refrain over the past two years, fueled by the belief that prolonged high interest rates would spell disaster for the housing market.
Indeed, these elevated interest rates have significantly hindered the natural upward trajectory of house prices, which typically rise in response to inflation, a growing population, and a persistent shortage of new housing construction.
The current stagnation in UK house prices resembles a pressure cooker, building up energy that is bound to release in a dramatic surge. The government’s ongoing strategy of printing money to appease voters will inevitably flow into asset prices, leading to inflation in these markets, much like the consumer price inflation we’ve already witnessed.
The government finds itself in a bind, compelled to continue this money printing to meet the electorate's demands for free money and to manage an ever-growing debt burden. As the debt increases, so does the need for borrowing to service it. This cycle makes it increasingly challenging for the UK to lower long-term borrowing rates, especially compared to the US, which still holds sway over the global financial landscape.
UK house prices are gradually regaining momentum following the fallout from the Liz Truss debacle, a situation she seems to remain blissfully unaware of, despite the havoc her brief six-week tenure as Prime Minister wreaked on the British economy.
The financial landscape was nearly sent tumbling into chaos, prompting the Bank of England to step in with an unprecedented commitment to purchase UK Government Bonds. The economy is so fragile that the UK is now compelled to invest in US government bonds to shore up its financial system against the spectre of another crisis reminiscent of the Truss era under Labour. We were perilously close to a financial meltdown!
Currently, UK house prices are inching towards a potential increase of around 10% per year, indicating a modest upward trend rather than a frenzied housing boom, while also avoiding the catastrophic price drop that the media seems to obsess over.
Ultimately, average house prices in the UK are set to rise, irrespective of government actions or economic conditions. Therefore, those considering the purchase of a standalone house should act without hesitation, as flats and new builds present more complicated challenges—flats can become a logistical nightmare, and new developments might be situated in flood-prone areas, among other concerns.
USD/JPY Setup – Buy the Dip or Wait for Confirmation?The USD/JPY pair is testing a long-term trendline support, which has held multiple times in the past, signaling a critical decision point.
The price has bounced off this level before, suggesting strong buyer interest in this zone. Additionally, the Stochastic RSI is oversold, hinting at a potential reversal.
If the price holds above this trendline and key support zone, we could see a bullish continuation toward new highs.
GOLD MARKET ANALYSIS AND COMMENTARY - [Feb 24 - Feb 28]OANDA:XAUUSD continued to increase for the 8th consecutive week, marking the longest increasing streak in many years. Opening the week at 2,886 USD/oz, gold price peaked at 2,955 USD/oz and closed at 2,936 USD/oz. The main reason is concern about US tariff policy causing economic instability, increasing global gold demand. In addition, many central banks, especially in the BRICS bloc, are also actively buying gold.
Gold prices will have more room to rise higher due to the ongoing geopolitical and geo-economic instability, including the Trump administration's tariff policy and the risk of political instability in Europe. Additionally, demand for investing in gold-backed exchange-traded funds is also growing.
The US PCE inflation report, released next Friday, may affect gold prices through FED interest rate adjustments. If PCE increases, the FED may delay cutting interest rates, which is detrimental to gold prices. On the contrary, if PCE drops sharply, the gold price could exceed 3,000 USD/oz.
SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK:
Tuesday morning will see the February US Consumer Confidence report, followed by January New Home Sales data on Wednesday.
On Thursday, markets will receive preliminary reports on US fourth-quarter GDP, January Durable Goods Orders and weekly jobless claims, followed by US pending housing contract data later in the morning.
However, the most important event of the week will be the US core PCE index on Friday, along with the January personal income and personal spending reports. This is the Fed's preferred inflation gauge, helping gold traders gauge the outlook for interest rates in the near term.
📌Technically, although the gold price is still maintaining an uptrend, however, on the Weekly and Daily charts, some technical indicators such as MACD show signs that the price has diverged, the moving average lines (EMA34,89) are quite far from the price line, this shows that the gold price next week may face adjustment pressure before continuing to increase again, unless there are fundamental factors that have a strong impact on the gold price.
Notable technical levels are listed below.
Support: 2,922 – 2,915USD
Resistance: 2,946USD
SELL XAUUSD PRICE 3001 - 2999⚡️
↠↠ Stoploss 3005
BUY XAUUSD PRICE 2834 - 2836⚡️
↠↠ Stoploss 2830
EUR/USD at a Pivotal Level – Will Bulls Push Higher?The EUR/USD pair is showing signs of a trend reversal after breaking above a long-term descending trendline. This breakout, coupled with an inverse head and shoulders pattern and RSI bullish divergence, signals strengthening bullish momentum. However, the price faces key resistance around 1.0500-1.0527, aligned with the 200 EMA.
A confirmed break above this level could push the pair toward 1.10+, while failure to do so may lead to a pullback before another attempt higher.
USDCAD Under Pressure! SELL!
My dear subscribers,
USDCAD looks like it will make a good move, and here are the details:
The market is trading on 1.4439 pivot level.
Bias - Bearish
My Stop Loss - 1.4484
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.4352
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GOLD Set To Grow! BUY!
My dear followers,
This is my opinion on the GOLD next move:
The asset is approaching an important pivot point 2845.5
Bias - Bullish
Safe Stop Loss - 2838.1
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2860.5
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
USDJPY - BULLISH SCENARIOHello Traders !
On Thursday 20 FEB, The USDJPY reached the support level (149.356 - 148.639) and failed to break it !
So, We have a bullish scenario:
If the price breaks and closes above the lower high (150.733 - 150.469),
We will see a bullish move🚀
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TARGET: 153.700🎯