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S&P500: Buy the dip and target 6,215.The S&P500 index is neutral on its 1D technical outlook (RSI = 54.213, MACD = 29.690, ADX = 23.794) as it has completed the technical dive following the 4H Golden Cross just like August 21st 2024, and is rebounding. The two patterns are so far similar, both rebounding on oversold 4H RSI, and the September 2024 rebound almost reached as high as the 1.5 Fibonacci extension. We aim for another close test of the 1.5 Fibonacci (TP = 6,215). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
Bearish drop off overlap resistance?CAD/CHF is reacting off the pivot and could drop to the 1st support which acts as a pullback support. Pivot: 0.62938 1st Support: 0.62539 1st Resistance: 0.63319 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Sorry, I chose to continue shorting gold!!Our Gold sell analysis has been invalidated, as price decided to target the last major high & psychological price of $2,790. I did point out on my first sell analysis that this round number was a potential threat to our sell bias, as round numbers are always seen as a liquidity sweep. HOWEVER, now that this high has been swiped I will still be remaining bearish on Gold in the MID TERM. Looking for price action to settle down in the next week & provide more clear market structure. Anywhere between $2,790 - $2,840 we can see bears take over again!
OANDA:XAUUSDShort
by Patrick-trading3
EURUSD H4 | FOREX BEEEUR/USD H4 Chart Analysis The H4 chart for EUR/USD shows a critical decision zone, with two possible outcomes based on price action: --- Bullish Scenario: Breakout Above Resistance (1.04500 - 1.04600 zone): If price breaks and holds above the green resistance area, we can expect an upward move. Target:The next major resistance is 1.06947 (Fibonacci 0.5 level). Confluence: The ascending trendline (blue) suggests buyers are still in control unless broken. --- Bearish Scenario: Break Below Trendline & Support (1.04242 - 1.04000): If price fails to break above resistance and drops below the trendline, we could see a reversal. Target: A breakdown could lead price towards the 1.02500 demand zone (red). Confluence: Trendline breakdown + retest would confirm further downside. --- Key Levels to Watch: Resistance Zone: 1.04500 - 1.04600 (Breakout confirmation required for bullish continuation). Support Zone:1.04242 - 1.04000 (Potential breakdown zone). Major Downside Target:1.02500 (Demand zone from previous price action). --- Trading Strategy: Bullish Entry: Wait for a break and retest above 1.04600 before entering long. Bearish Entry: If price breaks below trendline and retests 1.04242, shorting towards 1.02500 is a possibility. Conclusion: - The trend is bullish as long as the price holds above the trendline and 1.04242 support. - If price fails to break resistance, a reversal is likely. - Watch for confirmations before entering trades.
by forexbeesignals
UPDATE SWING TRADE SETUP EURUSDThe two major news events have come and gone and the long setup on EU is not only still valid but we have gotten confirmation with a bullish choch I'm looking for price to react bullish on the lower timeframe from the fair value gap or the 2H OB. This is to get the best possible entry with a relatively smaller SL. There is always a chance that the setup won't work out however in my opinion this has a small chance of failing. Main target is the daily high and a longer term target is December's high unless price action changes bearish. Hope this analysis helps and remember to always follow your rules and keep good risk management
Long
by Keyserfx
US Dollar IndexHello and respectful greetings to dear traders, I have carefully analyzed the DXY chart. It is a strong and bullish chart in the daily timeframe that requires correction. In the 4-hour timeframe, we observed a Change of Character (CHoCH), indicating the start of a correction. However, for now, we are discussing the 1-hour timeframe, which is bullish up to the specified areas on the chart. Based on priority, it is necessary to address the gap created at the beginning of the week, and then continue its upward movement. According to this chart, we can take action to buy and position ourselves in other currencies. We see a liquidity pool and a gap at the bottom of the chart, which will likely be filled during news releases with a swift move, followed by a rapid upward movement of the DXY. Consequently, both the Euro and the Pound will likely experience a bullish scenario, but may start to decline after the news is released. These analyses are all based on probabilities and chart observations. Thank you! Fundamental Analysis It has recently been reported that the US dollar requires correction to fill gaps created at the beginning of the week. This correction may be necessary due to market expectations regarding economic data and the current political situation. Sources for this information can include economic reports released by the US Treasury and economic analyses provided by reputable financial media such as Bloomberg and Reuters. Risk Disclosure Please note that all transactions in financial markets carry high risks. There is a possibility of losing capital, so be sure to conduct the necessary analyses before entering any trade and consider appropriate risk management strategies. Investing in the forex market can be very volatile and requires high attention and skill.
CAPITALCOM:DXYLong
by fereydoon1199
XAUUSD:GOLD IS READY TO TAKE OFF. Hello dear fellow traders ! What do you think about XAUUSD Market. Alert! This analysis is not for trading but is for study. XAUUSD is ready to fly Soon. Advice for traders. When Market is near to volatile then you should use stop losses and avoid to over_leveraging. A strong bullish trade has been observed in the XAUUSD, with the price moving within a parallel and range channel. The channel's support and resistance lines have been respected, indicating a clear trend. XAUUSD CURRENT LEVEL:2761 SUPPORT ZONE :2752 RESISTANCE ZONE:2785 DEMAND ZONE:2815 Note :Trade on your own risk. Kindly support and comment for more other latest updates.
OANDA:XAUUSDLong
by Mr_King_professional
4
NIFTY : Trading levels and Plan for 31-Jan-2025📌 Nifty Trading Plan – 31st January 2025 📈🔥 A structured trading plan is essential for navigating market movements with confidence. Let's analyze Nifty for 31st January 2025, incorporating key levels and different opening scenarios to optimize trade entries and exits. 📍 Key Levels: Opening Resistance / Sideways / Profit Booking Zone: 23,415 - 23,500 Last Intraday Resistance: 23,677 Opening Support / Resistance: 23,227 - 23,214 Opening Support Zone: 23,047 - 23,108 Last Intraday Support: 22,897 🚀 Scenario 1: Gap-Up Opening (100+ points above 23,400) If Nifty opens above 23,400 , it will enter the profit booking zone of 23,415 - 23,500 , where resistance may come into play. A cautious approach is required to avoid getting trapped in a false breakout. If Nifty sustains above 23,500 , a move towards 23,677 (last intraday resistance) is possible. If price faces rejection at 23,500 , expect a pullback to 23,415 . Failure to hold this level may lead to further decline toward 23,297 . Avoid chasing long positions immediately; wait for a retest of support zones for better risk-reward trades. 👉 Pro Tip: If 23,500 is decisively broken with strong volume, it may trigger a fresh rally, offering buying opportunities on dips. 📊 Scenario 2: Flat Opening (23,250 - 23,400) A neutral start within this range suggests the market is waiting for direction. Here’s how to approach it: If Nifty holds 23,227 - 23,214 , it could attempt a gradual rise towards 23,400+ . A breakout above 23,400 will open doors for an upside move toward 23,500 . A failure to hold 23,214 may push the index down to test the 23,108 - 23,047 support zone. Traders should watch for price action near 23,227 , as it could act as an intraday pivot for directional moves. 👉 Pro Tip: In a sideways market , consider using options scalping strategies rather than directional trades. 📉 Scenario 3: Gap-Down Opening (100+ points below 23,200) A weak opening below 23,200 could indicate short-term bearishness. It’s important to assess whether Nifty finds support at lower levels or continues declining. If Nifty holds 23,108 - 23,047 , expect a pullback rally toward 23,214 - 23,227 . A breakdown below 23,047 can accelerate selling pressure toward 22,897 (last intraday support). Look for bullish reversal signs near 23,047 - 23,000 before considering long positions. If the market forms a lower high after a gap-down, follow the trend rather than trying to catch a falling knife. 👉 Pro Tip: If Nifty struggles to reclaim 23,214 after a gap-down, selling on rise could be a better approach. 🛑 Risk Management & Options Trading Tips: 🎯 Always define a stop-loss before entering a trade to protect your capital. Avoid overleveraging in uncertain market conditions—risk management is key! 💰 In case of high volatility , wait for confirmation instead of chasing trades impulsively. Consider hedging strategies (like spreads) to limit losses in options trading. Check Open Interest (OI) data before trading options to gauge market sentiment. 📌 Summary & Conclusion: ✅ Nifty is at a critical juncture, with 23,227 - 23,214 acting as an opening pivot zone. ✅ Bullish Bias above 23,500 , targeting 23,677 . ✅ Bearish Outlook below 23,047 , targeting 22,897 . ✅ Discipline & patience are crucial—wait for confirmation before taking positions! 🚀 ⚠️ Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only . Trade at your own risk and manage capital wisely! 📊🔥
NSE:NIFTYLong
by LiveTradingBox
USDCAD: Channel Up negated. Bearish reversal started.USDCAD is marginally bullish on its 1D technical outlook (RSI = 56.879, MACD = 0.003, ADX = 32.215) as it is still being supported by the 1D MA50, but since January 20th, it crossed under the 4 month Channel Up and today it retested it from below and is so far failing. This is an early signal that the medium term trend has shifted to bearish. We are short, targeting the 1D MA200 near the S2 level (TP = 1.39650). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope