US30 Downside Risk if Key Supports FailHello,
BLACKBULL:US30 may face further downside if the 1D pivot point (PP) fails to continue acting as support, as it has so far. If this support level breaks, a bearish move toward the 1Y pivot point (PP) could occur. It's also important to note the strong 4-hour support level at 42,564.39.
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Pivot Points
NSTR - Technical Analysis of Key Bullish and Bearish LevelsKey Observations:
Expanded Volume Profile:
The volume profile on the left indicates significant trading activity (support/resistance zones).
The high-volume node around 360–380 suggests a key area of interest where the price might consolidate or face resistance/support.
Bullish Levels:
Bullish Week (376): A breakout above this level could trigger upward momentum toward 400 and potentially higher.
Close Week Swing (363): Currently being tested. Sustained strength above this level would be a sign of bullish continuation.
Key Target at 400: Bullish swing level acting as a psychological and technical resistance point.
Bearish Levels:
Bear Swing (348): A breakdown below this level could lead to further downside, with the next support at Bear Week (325).
Week ATR (328): If the price approaches this level, it signals a deeper bearish sentiment.
Price Action:
The yellow line shows a recovery attempt after a sharp drop. The price appears to be testing resistance at Close Week Swing (363).
The upward trend from lower levels near 325 suggests some buying interest at lower prices.
Annotations and Targets:
Close Week Swing (363) is pivotal; crossing this level with volume might lead to a test of higher resistance levels.
The area around 325–328 has shown strong support previously, and a retest might attract buyers.
Analysis:
Bullish Scenario:
The price needs to decisively close above 363 to gain bullish momentum. If this happens, look for targets at 376 and then 400.
Volume supporting an upward move would confirm bullish sentiment.
The Bullish Week (376) level is critical for mid-term trend confirmation.
Bearish Scenario:
Failure to hold above 363 could lead to a retest of 348 (Bear Swing) and possibly further downward moves toward 325–328.
Increased volume at lower levels might indicate bearish control.
Neutral Scenario:
Consolidation between 348 and 363 could signal indecision, with a breakout or breakdown likely depending on market sentiment.
Recommendations:
For Bullish Traders:
Look for strong volume above 363 and consider targets at 376 and 400.
Watch for consolidation near 360–363 as a possible entry point.
For Bearish Traders:
A rejection at 363 or a breakdown below 348 would signal opportunities to target 325–328.
Use volume and candlestick patterns to confirm breakdowns.
Risk Management:
Stops should be placed slightly beyond key levels (e.g., above 376 for shorts or below 348 for longs).
This setup emphasizes the importance of the 363 level as a tipping point for direction. Let me know if you'd like further insights!
EUR/NZD SHORT FROM RESISTANCEHello Traders
In This Chart EURNZD 4 HOURLY Forex Forecast By FOREX PLANET
today EURNZD analysis 👆
🟢This Chart includes EURNZD market update)
🟢What is The Next Opportunity on EURNZD 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
CHFJPY Long Term Selling Trading IdeaHello Traders
In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
🟢This Chart includes_ (CHFJPY market update)
🟢What is The Next Opportunity on CHFJPY 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
EUR / USD - Weekly forecast - Technical Analysis & Trading IdeasMidterm forecast (Daily TF):
1.0777 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
A peak is formed in daily chart at 1.0629 on 12/06/2024, so more losses to support(s) 1.0332, 1.0206, 1.0002 and more depths is expected.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.0669 to 1.0777). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (1.0669)
Ending of entry zone (1.0777)
Take Profits:
1.0600
1.0517
1.0445
1.0332
1.0206
__________________________________________________________________
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Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
Reversal Entry from Key FVG and Fibonacci ConfluenceThis looks like a good zone to enter from for the larger timeframe trend.
The price is currently in a strong zone for multiple reasons, with the FVG aligning well with key Fibonacci levels.
Additionally, the $30 price level appears to be a strong support zone to build from.
S&P 500 Bullish Outlook Pending Sustained Break Above 1M PPHello,
VANTAGE:SP500 has closed above the 1-month pivot point, signaling potential for further upside, even though sellers are currently exerting strong pressure. What we need now is a sustained position above the 1-month pivot point, and if that occurs, we could be in for a significant move upward!
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XRPUSD: Key Support Levels in FocusHello,
BITSTAMP:XRPUSD has performed better than anticipated, but a downside move towards the 1M PP remains likely. However, if the 1W support structure holds firm, it could signal confirmation for potential further upside.
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DASHUSD: Bearish Outlook Below 1M PPHello,
COINBASE:DASHUSD has encountered support at the 1M PP and recently faced rejection at the 1Y PP. If the price breaks below the 1M PP and sustains below it, a further downside movement is likely.
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BCHUSD: Key Level for Bullish MomentumHello,
COINBASE:BCHUSD has experienced a notable drop, but for further upward momentum, it’s crucial to see a cross and sustained hold above the 1M Pivot Point (PP), with the price maintaining a stable position above this level. If this occurs, further upside potential is likely. Despite the recent decline, the long-term outlook remains bullish. However, a significant number of sellers are entering the market, speculating that the downtrend may persist.
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ETH/USD Holds 1M Pivot, Retest LikelyHello,
BITSTAMP:ETHUSD has respected the 1-month pivot point, which has served as a strong support level. As long as the price remains above this level, further upside is likely. However, it appears that this support might be tested again soon!
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BTC/USD Tests Support Amid Downside PressureHello,
BITSTAMP:BTCUSD has closed below the 1W/1D Pivot Point (PP), signaling potential for further downside movement. However, the 1M support structure has held firm, causing the price to rebound sharply. For confirmation of continued downside, the price must breach and close below the 1D strong support at 93367.875. If this level holds, there could still be potential for a bullish reversal.
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DOGE reng?🚀 Uptrend Breakout Zone
The chart shows a strong bullish breakout above the resistance level of $0.20812 and a retest of the support trendline. The upward move reached $0.38664, forming a new high. 📈
🔻 Correction Phase
A sharp drop from the $0.38664 level indicates profit-taking or potential bearish divergence. The price is approaching the highlighted $0.20357 zone, marked as a key support area. 🔴
📉 Short-term Bearish Trend
If the price breaks below $0.20357, further declines toward $0.11664 are possible. Traders should watch for a bullish signal (e.g., green candles) at these levels. 🛑
💡 Long-term Prediction
A potential cup-and-handle pattern formation is visible, suggesting a gradual recovery and a bullish reversal back toward $0.38823. 📈 Look for a breakout above this resistance level for confirmation.
📢 Trading Signals
✅ Buy Zone: Near $0.20357, if bullish candles appear. Target: $0.33000 to $0.38823.
❌ Sell Signal: If price closes below $0.20357, target lower support at $0.11664.
🚀 Long-term Buy: After a confirmed breakout above $0.38823.
📊 Risk Management: Use stop-loss orders to protect against unexpected moves below key levels. ⛔
NZDJPY Upside Momentum ContinuesHello,
OANDA:NZDJPY has shown upward momentum, which is likely to continue as long as the price remains above the 1W/1D pivot points. In the long term, this pair is still considered a buy.
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[Vienmelodic] AUDCHF - 16 Dec 2024 SetupAUDCHF are breaking the market structure on friday last week. now its retesting our demand area (Green Rectangle). its the first demand area from extreme low and ussually its a very good area.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Vienmelodic