NQ is losing momentun and going redHello traders,
As you can see The Nasdaq is starting to lose momentum after being bullish for several days. This is because NQ came back from strong levels, the daily 20.790 and the weekly 20.296.
From a 1H chart point of view, the price made a beautiful pull back on the weekly getting strong momentum then was rejected downward looking for the next daily level of 19.973 giving us a beautiful short trade.
If price hit the daily level and gets rejected, look for a pullback then go long searching the next daily level 20.144. But if price breaks the daily 19.973, wait for a pull back then go short searching the next weekly 19.760.
Good luck everyone and Happy trading!
Forexsignals
XAU/USD : Ready for more LONG ? (READ THE CAPTION)By analyzing the #Gold chart in the 15-minute timeframe, we can see that gold is currently trading around the $2780 level. If it holds above this level, I expect further upward movement. The potential targets for this rise are $2784, $2787, and $2790.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
EURUSDWe are waiting for a correction to the area that we have identified, and then a rise to the targets that we have identified, and we see that the Euro/Dollar waves are rising due to breaking the trend.
EURAUD - NEW BREAKOUTHello Traders !
On Monday 30 Sep, The EURAUD reached the support level(1.59980 - 1.60800).
The price broke the resistance line.
So, I expect a bullish move📈
______________
TARGET: 1.65550🎯
UsdJpy- Will history repeat itself?As we approach the final months of the year, it’s worth noting the impact of JPY repatriation, which traditionally occurs when Japanese investors pull funds back to Japan, boosting yen demand. This trend often leads to an appreciation in the Japanese yen, affecting currency pairs like FX:USDJPY , as demand surges.
Historically, this phenomenon has triggered notable yen strength.
For example, last year saw USD/JPY fall by around 1,000 pips due to these repatriation flows. Assuming similar conditions prevail, we could anticipate another yen rally by this year's end.
Technical Overview of USD/JPY:
Currently, USD/JPY recently hit a high of around 154, moving into a key resistance area.
At the time of writing, the price hovers above the horizontal support level.
A decisive break below it could indicate a bearish “false break,” potentially signaling a larger downside move.
Should the downtrend persist, potential targets could be set at:
- Slightly under 150,
- Followed by further support at 147,
- And ultimately, a critical support at 141.
AudJpy- Good shorting opportunity of 500 pipsAfter an upward reversal in early August and a higher low in mid-September, AUD/JPY continued climbing to reach a local high around 102.
However, the pair has since stalled in this area, entering what appears to be a distribution phase. Currently, it seems to be testing a critical support level around 100.
A successful break below this level could signal an accelerated downward move.
A medium-term target for this decline is around 95, with an interim support level at 98—an attractive target for traders who are not so patient.
Gold increased before the US presidential electionWorld gold prices increased, with spot gold increasing by 12.5 USD to 2,788.1 USD/ounce. Gold futures last traded at 2,798.6 USD/ounce, up 17.5 USD compared to yesterday morning.
Gold continues to benefit as uncertainty ahead of the US presidential election boosts shelter demand for this precious metal. According to RJO Futures senior market strategist Daniel Pavilonis, there are many factors that are supporting gold and could push prices higher. He predicted that the price of this precious metal could reach 2,850 USD/ounce.
Saxo Bank's head of commodity strategy Ole Hansen said that gold prices increased due to uncertainty related to the election results and the market is pricing in further interest rate cuts by the US Federal Reserve (Fed). again next week. He emphasized that the weakness of the greenback is also supporting gold.
According to OANDA senior market analyst Kelvin Wong, the results of the US election have an impact on gold. He believes that, soon, spot gold will face resistance at $2,800/ounce, then $2,826/ounce.
Currently, the US presidential election has entered a sprint race, with recent polls showing that the race for the White House is still very fierce. The gap between the two candidates, Vice President Kamala Harris and former President Donald Trump, is extremely tight.
Hellena | Oil (4H): Short to support area at 67 (Wave "3").Dear colleagues, I believe that at the moment we have a great opportunity to find an entry into a short position that will bring us many pips.
The fact is that the wave “2” of the middle order is completed, which means that the wave “3” of the higher order continues the downward movement in the wave “3” of the middle order.
I expect the price to rise a bit more to the 78 level, then I expect the price to drop to the 67 level. It will not be a quick drop, but we will be able to go short several times.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Even as the Fed ramps up adjustments, gold still risesGold Talking Points:
I went over gold in-intensity in yesterday`s webinar, and this morning updates given the metal`s persevered charge motion with bulls pushing as much as some other ATH simply interior of the 2790 degree.
The contemporary pullback feels just like the earlier episode, whilst gold stalled in advance of a check of the 2700 mental degree. In that iteration, expenses then constructed a bull flag formation as 3 weeks of sideways grind regarded earlier than consumers had been in the end capable of pressure a push up and thru the subsequent large discern at 2700.
The banner 12 months for gold has persevered and this morning delivered but some other sparkling all-time-excessive into the mix. At this point, charge held highs simply about $10 interior of the subsequent important mental degree of 2800 and this resembles closing month`s episode whilst gold bulls shied farfar from 2700, at the least initially. The excessive then held at 2685 and a bearish channel advanced thereafter, which, whilst all for the earlier bullish fashion made for a bull flag formation.
Given the resistance that has been in region so far, simply across the 2800 degree, I assume this is the subsequent degree that wishes to be accepted. And we formerly had reputation on the 2750 degree after guide confirmed there, which is clear at the two-hour chart below. So, ideally, any corresponding retracement will stay above the preceding better low to hold the door open for bullish momentum setups.
Gold futures prices have reached a new all-time highThe first factor that draws interest at the every day chart is the breakout above the top border of the pink consolidation (…)
What does this suggest for gold futures?
The capacity bullish situation should take the rate to the $2,800 barrier or maybe around $2,825, wherein the dimensions of the rally could correspond to the pinnacle of the cited pink consolidation.
From the cutting-edge factor of view, we see that the scenario evolves in keeping with the above situation and the shoppers have done the primary goal cited in advance today.
Thanks to this rate movement, gold futures fees additionally reached a brand new document excessive of $2,801.65.
However, given the breakouts cited above throughout all 3 formations, we should see a upward push to around $2,786, wherein the dimensions of the rally could correspond to the peak of the consolidation brown (2d upside goal). At this factor, it's far really well worth noting that during this place there may be additionally the 127.2% Fibonacci extension level (primarily based totally at the October 23 excessive and low), which serves as technical resistance. Therefore, it's far really well worth looking the conduct of the bulls on this place - mainly whilst we keep in mind the closeness to the formerly damaged decrease border of the very brief grey uptrend channel term (presently at around $2,787.30), which can entice dealers to the exchange.
Bearish drop?EUR/JPY is reacting off the resistance level which is a pullback resistance which is a pullback resistance and could drop from this level to our take profit.
Entry: 166.49
Why we like it:
There is a pullback resistance level.
Stop loss: 168.03
Why we like it:
There is a pullback resistance level.
Take profit: 165.03
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
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Potential bullish rise?EUR/NZD is falling towards the support level which is an overlap support that is slightly below the 23.6% Fibonacci retracement and could rise from this level; to our take profit.
Entry: 1.80832
Why we like it:
There is an overlap support level that is slightly below the 23.6% Fibonacci retracement.
Stop loss: 1.79799
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 1.83665
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish reversal?AUD/CHF is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.57227
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.57535
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.56717
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Falling towards pullback support?The Cable (GBP/USD)n is falling towards the pivot and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 1.2908
1st Support: 1.2866
1st Resistance: 1.3024
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#NAS100 4HNAS100 4-Hour Analysis
The NAS100 index is currently trading within a rising wedge pattern on the 4-hour chart, a typically bearish structure that hints at a potential reversal. This pattern suggests that upward momentum may be slowing down, creating a favorable setup for a potential sell opportunity.
Technical Outlook:
- Pattern: Rising Wedge
- Forecast: Bearish (Sell Opportunity)
- Entry Strategy: Look for sell setups near the upper boundary or upon breakdown of the support line
Traders may consider entering a sell position within the wedge or wait for a clear breakdown of the support line to confirm bearish momentum. Additional confirmation from indicators like RSI showing overbought conditions or MACD displaying bearish divergence can strengthen this sell setup.
EURJPY - Important BreakoutHello Traders !
The EURJPY failed to create a new lower low,
The price formed a double bottom pattern.
Currently, The neckline is broken🔥
So, I expect a bullish move📈
______________
TARGET: 166.900🎯
EUR/USD Builds Bullish Momentum with Strong Support and Pin BarAfter bottoming at 1.0760 exactly one week ago, FX:EURUSD has started to consolidate, forming what appears to be a base.
Since then, dips below 1.08 have been consistently bought up, culminating in a strong bullish Pin Bar candle yesterday.
To further support this bullish outlook, this base is forming at a key confluence of support levels, reinforcing the potential for an upward move.
With this in mind, I am looking to buy this pair, ideally on a dip, to ensure a positive risk-to-reward ratio of 1:2.
My target for a reversal is set at 1.0950, with respect to 1.09 resistance (this could serve as short term trader's target)
NZDCAD - NEW BREAKOUTHello Traders !
The NZDCAD price failed to break the support level (0.82878 - 0.82987).
The last lower high is broken (Change of Character).
So, I predict a bullish move 📈
________________
TARGET: 0.83660🎯
USDZAR Excellent sell signalThe USDZAR pair gave a solid sell signal last time (August 16, see chart below) we made made a call on it, easily hitting the 17.500 Target:
Yet again, the price got rejected near the top (Lower Highs trend-line) of the 8-month Channel Down. A candle closing below the 1D MA50 (blue trend-line) will confirm the sell signal. If successful, we will short and target Support 1 at 17.03500.
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#GBPUSD 4HGBPUSD 4-Hour Analysis
The GBPUSD pair has broken above a key trendline resistance on the 4-hour chart, signaling a bullish shift in momentum. This breakout suggests that buyers are gaining control, creating an opportunity for a potential buy entry as the price advances.
Technical Outlook:
- Pattern: Trendline Resistance Breakout
- Forecast: Bullish (Buy Opportunity)
- Entry Level: Above the broken trendline resistance
Traders can consider entering buy positions above the breakout level, with targets set at the next resistance levels. Confirming indicators like RSI for a momentum shift or MACD for a bullish crossover can further strengthen the entry signal, supporting the bullish forecast.
#EURJPY 1HEURJPY 1-Hour Analysis
The EURJPY pair is consolidating within a triangle pattern on the 1-hour chart, indicating a buildup of momentum. A breakout on either side of this pattern could signal the next directional move. Traders should watch for a clear breakout followed by a retest, which would provide a potential entry opportunity in the direction of the breakout.
Technical Outlook:
-Pattern: Triangle
- Forecast: Breakout on either side, with retest confirmation for entry
- Entry Strategy: Wait for breakout and retest
Traders may consider entering after a retest of the breakout level, targeting the next key support or resistance zones based on the breakout direction. To confirm the move, additional indicators like RSI for momentum shifts or volume spikes can be used to validate entry points.
#EURGBP 4HEURGBP 4-Hour Analysis
The EURGBP pair has successfully broken above a trendline resistance on the 4-hour chart, indicating a potential shift toward bullish momentum. This breakout suggests that buyers are taking control, creating an opportunity for long positions as the price gains upside strength.
Technical Outlook:
- Pattern: Trendline Resistance Breakout
- Forecast: Bullish (Buy Opportunity)
- Entry Level: Above the broken trendline resistance
Traders may consider buying above the breakout level, with targets set at the next resistance zones. To validate the buy setup, it's recommended to check indicators like RSI for momentum confirmation or MACD for a bullish crossover, which can further strengthen the signal.
GBPUSD Buy Opportunity from SupportGBPUSD recently broke below its previous support level, yet it has formed an inverse head and shoulders pattern near the psychological level of 1.3000. This level has shown resilience as the market decelerated while approaching it, forming a bullish divergence that strengthens the case for a rebound. The price has also bounced off the channel boundary and has now closed above the 1.3000 mark, showing higher lows, indicating building bullish momentum. Additionally, with the DXY forming a triple top at its resistance zone, there’s potential for a downward correction in the dollar, which could further support a GBPUSD rally. The target is the resistance zone around 1.3110
