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AUD/USD Forecast: Key Levels in Focus for Potential Reversal🔄 **AUD/USD Forecast: Key Levels in Focus for Potential Reversal** 📉📈 AUD/USD is currently at **0.65913**, and we’re watching closely as it approaches key levels that could signal a reversal or continued movement. Here’s what we’re seeing in the near term: 🔍 **Key Levels to Monitor:** - **Zone 1:** 0.66011 to 0.65485, with a potential drop to **0.65060** - **Zone 2:** 0.65356 to 0.66314, indicating a possible upward reversal 💡 **Market Insight:** A break below **0.65485** may confirm a bearish move toward **0.65060**. However, if AUD/USD holds above **0.65356** and approaches **0.66314**, it could signal a shift to an upward trend. We’re keeping an eye on price action for entry signals! 👉 What’s your outlook for AUD/USD? Drop your analysis in the comments! #AUDUSD #ForexTrading #PricePrediction #KeyLevels #Pipnest
Long
by pipnest
2
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot which is an overlap resistance and could reverse to the pullback support. Pivot; 1.3892 1st Support: 1.3851 1st Resistance: 1.3921 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
GBPUSD_109 2024.11.08 05:20:11 Trading Signal BUYFrankPro Signal for GBPUSD_109 Type: Screen Signal: BUY TP: 1.30274 SL: 1.29634 Entry Price: 1.29714 Analysis for GBPUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the analysis, here are my predictions for the GBP/USD pair: **Short-term (next few days):** * The price is expected to go down. The pair is currently moving within a descending channel, indicating a short-term bearish trend. The price is also below the 100-day SMA (1.2980), which is a bearish signal. * However, there is a potential for a short-term recovery, as the pair is building recovery momentum toward 1.2950 and has found support near this level. * Key levels to watch in the short-term include 1.2940, 1.2900, and 1.2980. **Long-term (next few weeks/months):** * The price is expected to go up. The forecast suggests that the pair is expected to test the support area near 1.2765, but then continue to grow with a target near 1.3085. * A breakout above the resistance area and a price close above 1.3005 could signal a reversal, indicating a potential long-term bullish trend. * The Bank of England's stance on interest rates and the prospect of a recession in the UK may influence the pair's volatility, but the overall long-term trend is expected to be bullish. Please note that these predictions are based on the analysis provided and are subject to change as new data and events unfold. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here are my conclusions on the expected price movement of the GBP/USD pair: **Short-term (next few days):** * The pair is currently in a descending channel, indicating a short-term bearish trend. * The Relative Strength Index (RSI) is above 50, but the pair has yet to flip the 100-day SMA into support. * Key support levels are at 1.2940 and 1.2900, while resistance is at 1.3000 and 1.3040. * Given these factors, I expect the price to **go down** in the short-term, potentially testing the support area near 1.2765. **Long-term (next few weeks/months):** * Despite the short-term bearish trend, there is an expectation for the GBP/USD pair to rebound and continue growing towards the level of 1.3085. * A breakout of the resistance area and a price close above 1.3005 would confirm the growth option. * Economic data and central bank decisions, such as the Bank of England's expected rate cuts, could impact the pair's movement. * Considering these factors, I expect the price to **go up** in the long-term, potentially reaching higher targets such as 1.3042 and 1.3057. Please note that these conclusions are based on the provided analysis and are subject to change as new data and events emerge. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair: **Short-term (next few days):** * The pair is currently trading near 1.3000, and the technical analysis suggests that it is yet to break above the 100-day SMA at 1.2980. * The market sentiment is cautious due to the upcoming US presidential election, which may lead to a temporary consolidation or a slight decline. * The support levels at 1.2940 and 1.2900 are likely to hold, but a break below these levels could lead to a decline towards the November 1 low of 1.2884. * Therefore, in the short-term, the price is expected to **stay the same** or **go down** slightly, with a potential range of 1.2940-1.3000. **Long-term (next few weeks/months):** * The forecast and analysis suggest that the pair could test the support area near 1.2765 before potentially rebounding and growing towards the 1.3085 level. * The expectation of interest rate cuts by the Bank of England by the end of 2025 could lead to a depreciation of the pound in the long-term. * However, the US Dollar is currently under pressure, which could allow the GBP/USD to hold its ground or even appreciate in the long-term. * Therefore, in the long-term, the price is expected to **go up**, with a potential target of 1.3085, but with a possible decline to 1.2765 before rebounding. Please note that these assessments are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up
Long
by orbborisson
Biconomy could be huge.Hello, fellow traders! This is my analysis on Biconomy (BICOUSDT). I've covered Biconomy a lot in my account - it actually has second highest coverage after BTC. 1️⃣ Analysis The price has recently crossed the resistance line (red line) of the monthly downtrend with notable volume spike. The line used to be the support line of the previous downtrend until the lower breakout in July when it became the resistance of a newer downtrend. The line was constantly being respected, and with the price nearing the ATL (All time low), we see a wedge pattern. The price recorded new ATL before making a breakout. This could be interpreted as a falling wedge pattern where the price reverse the downtrend with explosive increase in volume - starting a strong uptrend. 2️⃣ Expectations I think the breakout and the volume spike is something to pay attention to. The resistance line has been showing very strong price actions for over half of Biconomy's entire history - crossing such line could potentially signal a strong reversal of the trend. The unusual, explosive volume spike also backs this up. Take a look at the similar attempt in July where the breakout eventually failed without the volume. The price is also very close to the strong support level of 0.1987. With all these information together, we might see a strong uptrend in near future. 3️⃣ Key approach 4️⃣ Other approach - I'm going to skip all the approaches for this analysis because I am not going to trade but just watch. But if I were, I would set my initial target price to 0.3667 which is key resistance level and exit all when the price reaches the green line which is a support line of early uptrend. Reason I am not going to trade is because it will be based on a raw assumption (prediction) that the breakout is true - this personally does not align with my trading rules. I know I am not strong enough to endure that kind of stress. 5️⃣ Considerations 1. If you are willing to trade, keep in mind that this is not going to be a short time trade. It might take months or even years for us to reach our targets. Or it might not reach at all. 2. 0.2530 - 0.3047 zone (where the price is currently in) is very difficult to cross. This is because the zone represents the gap between Biconomy's high and close on its first trading day. It might take a long period of consolidation for the price to finally break through. 3. The selling pressure is very high right now. This is not a surprise though considering the historical background of the current price range. Also the reversal of trend always bring high opposite pressure in order to maintain the current trend - older the trend is, higher the pressure. 4. This is an adventure. Nobody knows what's going to happen. Once a breakout happens, you really can't see what's next. You cannot comfortably rely on the historical data. Yes, the price may respect historical levels and zones but even that contains some uncertainty - if a line gets broken, what makes you think others won't? The breakout also has possibility of failing or being false. New trend means no historical data, no background information, and no idea what to expect or where to expect next pivot points. This could give you a lot of stress which is why I am not going to trade this one. 5. Biconomy has no news in TradingView. It doesn't even have a section for it, which I thought was odd. However, I've done some research on the internet and I felt pretty positive about their active engagements on Social media and their innovative ambition of the project. 💡 Breakout might allow you great fortune but contains a lot of risks and contingencies. And this is why I prefer trading inside the trend - granted, trend does not last forever and past does not always represent the future, but we can definitely take profit with proper understanding of how the market moves and confirmation of trend continuing. Just like surfing. But if you insist on trading Biconomy, make sure to set multiple layers such as price rebound or break of structure to confirm the uptrend. 💡 Analysis on Biconomy I've done so far were mostly based on the hourly chart. But analyzing the daily chart gave me a broader idea and perspective of how price might move in the future. Lesson I learned here is that larger timeframe gives us wider view of the movements. Watching the hourly chart or lower timeframe could also be pretty stressful. Funny thing is even if I enter at the same price, doing so based on the hourly chart analysis gives me anxiety whereas daily chart gives me more confidence. If you zoom out and set your holding period longer, it's a lot less stressful and also safer. So don't be anxious, don't be emotional, do your best and the rest is up to God. Thank you for reading my long analysis and I hope you got something out of it! React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful. Nehemiah 13:7-9
by QJEEE
#EURUSD - 08112024EURUSD made a perfect long as per plan given yesterday and it hit the price target, over a 100 pips higher, and it sold down 60 pips off the price target before recovering. Bearish sell down on Thursday followed by a recovery to my sell level yesterday. What's next? I see a possible move for EURUSD to 1.0733 and then we see the reaction off the level; either a higher low for a move higher or a break and a move lower (as per the plan given yesterday). In a way, the move yesterday could be seen as a pullback. And market did sell down after hitting the price target so IMO sellers are present and so could see a move lower first.
by FadeMeIfYouCan
Tellor (TRB)Tellor is a decentralized, transparent and permissionless oracle protocol that supplies data that can be requested, validated and put on-chain permissionlessly with data reporters competing for incentives of TRB. Data reporters bring valuable information on-chain for a wide range of DeFi applications. Anyway, TRB analysis is straightforward; after TRB made a 5 waves upward impulse wave, it went into correction which unfolded in a complex pattern. Then, TRB broke the major downtrend line and went up strongly. This kind of momentum signals bright future; also, waves count confirm such potential too. Let's see what happens.
BINANCE:TRBUSDLong
by SaeedSalehinia
1
Best trading opportunity before interest rate decision!Market Analysis: Gold has made a powerful comeback today, and those who followed my buy recommendations yesterday have seen substantial profits—congratulations to all VIP members! Reviewing yesterday’s price action, gold's sharp decline was primarily triggered by Trump’s election win, a bearish news factor that was quickly digested by the market. With the Fed’s rate decision looming today, gold remains in a bullish trend. Forecast and Price Movement: Analyzing the current market setup, I anticipate a minor pullback in gold, likely toward the 2680 level. This dip is expected as the gold market prepares for a potential Fed rate cut in the next few hours. Thus, I foresee a brief drop in prices leading up to the rate announcement, followed by a significant rally post-cut. Trading Strategy: Aggressive Approach: Enter a short position at current levels but secure profits before the rate decision. Conservative Approach: Wait for a pullback before the rate cut to establish a long position, capitalizing on the anticipated post-cut rally. Summary and Recommendations: This analysis should provide a clear direction for today’s gold trading. For a detailed breakdown of this week’s trading strategies, please reach out. All VIP members will receive an exclusive, complete trading plan to maximize gains during this pivotal market phase.
OANDA:XAUUSDShort
by Falcon-Training-Camp
Daily Gold (XAUUSD) AnalysisGold is currently showing a notable bearish momentum, with a significant black candlestick indicating strong selling pressure. Key levels of interest have been identified based on supply and demand zones as well as support and resistance levels. Supply Zone (Potential Resistance): The area around $2,723 - $2,755 USD has acted as a recent supply zone. This region could serve as a resistance point for gold if it attempts a retracement. A sell limit is set at $2,715.85 USD, slightly below this zone, indicating a potential short position if price tests this area. Demand Zone (Support Levels): Demand Zone / support is identified at $2,638, $2,622, and $2,602 USD, providing additional demand zones where buyers may enter. Risk and Reward: With a potential short position near the $2,723 - $2,755 supply zone, the stop loss is likely placed just above the upper limit of the zone to avoid being stopped out by a small retracement. Trend and Indicators: The strong bearish candlestick suggests that bears currently control the momentum. However, monitoring if gold holds support around $2,650 will be crucial to anticipate any possible recovery. If gold fails to hold the $2,650 level, it could move further down to test lower support levels, with a potential medium-term target around $2,622 - $2,602.
PEPPERSTONE:XAUUSDShort
by Mohamed_Kabesh
GOLD Technical Analysis! BUY! My dear subscribers, My technical analysis for GOLD is below: The price is coiling around a solid key level - 2684.2 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2718.8 My Stop Loss - 2662.8 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 ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDLong
by AnabelSignals
1
GBPCHF Ready for a breakthroughHello Traders In This Chart GBPCHF HOURLY Forex Forecast By FOREX PLANET today GBPCHF analysis 👆 🟢This Chart includes_ (GBPCHF market update) 🟢What is The Next Opportunity on GBPCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
Gold:Short term analysis for 07/11/2024This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions. Time Frame:1-hour The 1-hour XAUUSD chart exhibits a short-term bullish trend, with the RSI indicating a slight oversold condition. Key Levels: Poc(Point of Control): 2617 Order Block (Lower Target): 2580-2590 Resistance: 2683.00-2700.00 Immediate Support: 2643.00 Trading Bias: A breach of 2643.00 may trigger a corrective decline to the Point of Control (2617) and potentially reach the Lower Target (Order Block) at 2580-2590.
OANDA:XAUUSD
by avatarfreak