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GBP/USD Breakout to 1.2777 or rejection to 1.2666?This chart displays the GBP/USD pair on the 1-hour timeframe currently leaning bullish, as the price has shown strength approaching the resistance. The price is currently testing a key resistance zone around the 1.2689-1.2700 level, with potential bullish momentum indicated by the recent rally. If the price breaks above the resistance zone and closes beyond 1.2700, it could indicate a continuation toward the next resistance level at 1.2777
Long
by TopGBanks
NZD/USD Sellers Will Push for a Major Breakdown !The NZD/USD pair shows signs of potential bearish continuation after a recent pullback from the 0.61179 level. This zone acted as a resistance point where buyers temporarily pushed the price upward but failed to maintain the momentum. The price is now stalling just below 0.61094, indicating that bearish pressure is starting to outweigh buying interest. If this level holds as a resistance, the pair could break below the key support at 0.61006, triggering a larger move downwards. The projected bearish path suggests that once the support is broken, the next target would be 0.60861, followed by a further move towards 0.60543, a strong area of support from previous price action. This setup favors sellers in the short-to-medium term, especially if a clear rejection from current levels is confirmed. Traders should watch for a confirmed break below 0.61006 to initiate short positions, while a sustained move above 0.61179 would invalidate the bearish bias and open room for upside gains.
Short
by TopGBanks
US30 Approaches Key Resistance: Buyers are losing momentumIn this US30 chart, price action is currently testing a key resistance zone. After a period of consolidation and a rally, the price is struggling to break above this zone. The projection indicates a potential bearish reversal if the resistance holds, with price possibly retracing toward the support level around 41,920. Buyers are losing momentum, and sellers may start stepping in at this resistance. A failure to break above could trigger a move back down, with a significant drop expected to the highlighted support level. Traders should watch for any bearish confirmation before taking short positions. If the price breaks through resistance, however, it could invalidate the bearish scenario and lead to further bullish continuation.
UShort
by TopGBanks
JPY Surge Ahead Could Trigger a Major Drop in GBB/JPYThe JPY Currency Index (JPYX) is approaching a key demand zone, highlighted in blue on the chart around the 748 level. After a sustained downtrend, this area is likely to serve as support, with a potential bullish reversal indicated by the projected price movement. A bounce off this zone could trigger a strong upward move, targeting higher levels. However, if the support breaks, further downside momentum may occur. Watching for confirmation of reversal patterns is crucial before entering any long positions. The zone presents a high-probability area for buyers to step in, but patience is required for confirmation. If the JPYX (Japanese Yen Index) bounces from the current demand zone and strengthens, we can expect the Japanese yen to appreciate. This would likely lead to a bearish impact on GBP/JPY, as a stronger yen typically causes a decrease in GBP/JPY price. The yen’s strength would outweigh the British pound, pushing the pair lower. On the other hand, if the JPYX breaks through this support level and weakens further, the yen would depreciate, driving GBP/JPY higher as the pound strengthens relative to the yen. Key points to watch: A JPYX bounce could trigger a GBP/JPY drop. A JPYX decline might result in a GBP/JPY rise. The exact impact will depend on the strength of the yen's reaction and how the pound performs during this period.
PEPPERSTONE:JPYXLong
by TopGBanks
AI crypto gem The light blue highlighted area represents a strong demand zone around the 0.004561 - 0.006555 range. This level has been a significant support in the past, preventing further upnside movement. Trendline Break: The downtrend line appears to have been broken recently, indicating a potential shift from bearish to bullish sentiment. The price begins forming a rounded bottom pattern, suggesting a potential reversal. A key resistance level is identified at 0.015000, the projected target for the upward movement. Ensure proper position sizing to avoid overexposure to market volatility.
Long
by TopGBanks
AUDUSD 15MIN Chart The overall trend is down. This is because the price has been making lower highs and lower lows over time. The most recent high was around 0.70500 on June 7, 2024, and the price has been declining since then. Based on the downtrend and the recent break below the support level at 0.66500, it is possible that the price could continue to decline in the short term. It is important to remember that technical analysis is not a perfect science and there is no guarantee that the price will move in the direction that is predicted. You should always do your own research before making any investment decisions.
Short
by TopGBanks
NASDAQ 15-Minute ChartThe bleu highlighted area at the top indicates a supply zone where the price has repeatedly failed to break higher. This suggests strong selling pressure at this level. The recent price action shows a potential bearish trend. Given the repeated failure to break above the supply zone and the projected downward movement, market sentiment appears bearish for NASDAQ in the short term. Consider entering a short position around the current price level or upon confirmation of a downward move from the resistance zone. Targets would be the support levels at 19698.53. Ensure proper risk management by sizing the position appropriately and setting stop losses.
FX:NAS100Short
by TopGBanks
INJUSDT 1-Day Chart 2024 best tokenThe red highlighted area below the current price action marks a strong support zone around the 15.00 - 20.00 range. This level has previously provided a strong base for price to move higher. A significant resistance level is identified at 45.00, which is the projected target for the upward movement. Intermediate resistance levels at 39.91 and 42.78 might also be observed, acting as potential take-profit points. The price recently broke above a key level of 24.24, indicating bullish momentum. The chart shows a significant upward movement with a projected path towards the 45.00 level. Ensure proper position sizing to avoid overexposure to market volatility.
Long
by TopGBanks
Bullish outlook for BANANA/USDT 1-Hour ChartThe red highlighted area around 55.8338 marks a strong support zone where the price has previously found buyers. This level has been tested multiple times, indicating its importance. The horizontal red line at 87.2391 indicates a major resistance level. This level has been identified as a potential target for the upward movement. There was a significant spike in price, breaking out above the support zone and moving towards higher levels. The price is currently consolidating after the breakout, indicating a potential continuation of the upward move. Ensure proper position sizing to avoid overexposure to market volatility.
Long
by TopGBanks
CADJPY 15-Minute ChartThe red highlighted area at the top indicates a resistance zone where the price has repeatedly failed to break higher. This suggests strong selling pressure at this level. The recent price action shows a potential bearish trend. Given the repeated failure to break above the resistance zone and the projected downward movement, market sentiment appears bearish for CADJPY in the short term. Consider entering a short position around the current price level or upon confirmation of a downward move from the resistance zone. Targets would be the support levels at 114.708 and 114.098. Ensure proper risk management by sizing the position appropriately and setting stop losses.
Short
by TopGBanks
AUD/USD on a 15-minute timeframeThe blue highlighted area around the 0.67253-0.67288 level represents a strong support zone. The price has tested this area multiple times and shown a tendency to bounce back from it. The current price is around 0.67288-0.67276, which is near the support zone. The resistance level is marked around 0.67547, indicating a potential target for the bullish move. The projection indicates a potential bullish move from the support zone up to the resistance level around 0.67547. This suggests an expectation of a price increase after possibly forming a base around the support. Consider entering a long position around the current price level (0.67288) or slightly lower, closer to the support zone (0.67253). Ensure proper risk management by setting stop losses and monitoring key levels for any invalidation of the bullish scenario.
Long
by TopGBanks
1
USD/CAD on a 1-hour timeframeThe current price is around 1.36830-1.36841, which is near the support zone. The recent price action indicates that the market has found support at the 1.3660 level and is consolidating above it. The blue highlighted area around the 1.3660 level, represents a strong support zone. The price has tested this area multiple times and shown a tendency to bounce back from it. The projection indicates a potential bullish move from the support zone up to the 1.37777 level. This suggests an expectation of a price increase after possibly forming a base around the support.
Long
by TopGBanks
WTI Crude Oil (USOIL) 1-hour chart - SELLThe market is currently in an uptrend with higher highs and higher lows. Recent price action suggests a potential reversal or pullback from the resistance zone. Resistance Zone: The shaded grey area around 82.127 - 82.220 is a significant resistance zone where the price has shown rejection. Support Levels: Immediate support is around 80.473 - 80.417, marked by the red lines. A stronger support level is at 77.000, a psychological round number that aligns with previous lows. Above the resistance zone at 82.220, there may be buy-side liquidity where buy stops from short positions could be placed. Below the support level at 80.417, there may be sell-side liquidity where sell stops from long positions could be resting. The overall analysis suggests a bearish bias for USOIL (WTI), expecting a potential reversal or pullback from the resistance zone around 82.127 - 82.220.
BLACKBULL:WTIShort
by TopGBanks
Bearish on USDJPYThe recent price action shows a push towards a resistance zone, indicating potential exhaustion or a reversal point. The shaded area marks a significant resistance zone around the 157.700 - 158.000 levels. This zone has been tested multiple times and has held as a strong supply area. Immediate support can be identified around the 156.500 level, which aligns with previous swing lows and a possible demand zone. A stronger support level is around 155.500, a psychological round number that has acted as a base for previous price reversals. Below the 156.500 support level, there may be sell-side liquidity, where sell stops from long positions could be resting. The resistance area (157.700 - 158.000) is a supply zone, where significant selling interest could push the price lower. A notable fair value gap (FVG) or imbalance between 155.500 and 157.000 from previous price movements suggests potential areas for price retracement. Entry: Consider entering a short position around the 157.700 - 158.000 resistance zone. Stop Loss: Place the stop loss slightly above the resistance zone, around 158.200, to account for potential liquidity grabs. Take Profit: Aim to take profits around the immediate support at 156.500 and a more extended target around the 155.500 level, aligning with the demand zone and previous lows.
Short
by TopGBanks
1
US Federal Reserve member Kashkari & GoldUS Federal Reserve member Kashkari declares that there will be only one rate cut this year and it will happen in December. An interest rate cut by the Federal Reserve is generally considered bearish for gold. However, Kashkari's statement that there will only be one rate cut this year, and it will happen in December, could be seen as slightly bullish for gold in the short term. This is because it suggests that the Federal Reserve is not planning on aggressive rate cuts, which could help to support the price of gold.
OANDA:XAUUSDLong
by TopGBanks