SOLUSDT Faces Bearish Pressure Amid EMA RejectionToday, SOLUSDT is trading near $160.91, with the trend clearly tilted downwards. Price has encountered resistance around the $164.77 - $166.34 zone, where it has repeatedly failed to break above the EMA lines, signaling bearish dominance.
The rejection from these EMA levels highlights a lack of buying strength, keeping sellers in control. This trend suggests potential further declines, with the next target support level in the $148 - $149.33 range. Should this level hold, it may spark a short-term recovery. However, as long as SOLUSDT remains under the EMAs, the outlook stays bearish.
Signal-sell
BTCUSDT Based on the chart, here’s a concise bullish trading strategy:
Key Support Zone: Watch the area around 68,500 USD, where the price is likely to retrace and rebound.
Entry Point: Consider entering a buy position if the price touches the support zone around 68,500 USD and shows signs of a bullish reversal.
Take Profit Target: Aim for 70,200 USD or higher, where the price previously reached a peak.
Stop Loss: Place a stop loss below the support level at 68,486 USD to manage risk in case of a breakdown.
This strategy anticipates that the support zone will hold, allowing the price to bounce back for the next upward wave.
USDJPY: Shocking discountHello everyone, do you think the USDJPY will continue its downward trend?
This pair is currently on a steep decline, trading at 149.72, and shows no signs of cooling off. It has broken through several critical support levels and is momentarily pausing its descent as it approaches a strong support level at its current price.
A brief recovery might be on the horizon, but it's expected to be short-lived, with the selling pressure soon taking over again to push the pair to even lower levels, as indicated by the directional arrows.
Do you agree with this analysis? Share your thoughts below!
Gold will continue to increase or decrease sharply?Greetings, dear friends! Let's dive into today's gold price trends together!
As anticipated, gold continues its subdued trading, still unable to break through the resistance level of $2035. However, it's holding steady, elegantly navigating within a price wedge pattern. We stand at a crossroads, awaiting pivotal market news that could swing the pendulum in one of two directions:
Scenario one: Gold breaks free from the wedge, descending towards the support level at $2017.
Scenario two: Gold surmounts the $2035 resistance, aiming for the current bullish expectation at $2050.
I'm leaning towards scenario one with high anticipation. What about you? Drop your thoughts in the comments below!
Gold strategy todayGreetings, cherished friends! How do you feel about today's gold prices? Let's delve into a lively discussion!
Recent developments have led to a slight downtrend in the USD, yet gold prices haven't soared as one might expect. Gold continues to hover around the $2032 to $2035 mark, with its future direction seemingly shrouded in uncertainty, heavily swayed by global market news.
Turning our gaze to today's gold price outlook and technical analysis:
Gold remains on an upward trajectory, buoyed above the 34 and 89 EMA lines. Immediate resistance levels are spotted at $2037 and $2041, suggesting a favorable buying strategy:
🌟 Consider entering a buy position in the gold zone of $2028 to $2031
🔹 Set your stop loss at $2025
🔹 Aim for take profits between $2036 and $2041
Dive into the glittering prospects of gold with us, and let's navigate the tides of the market together!
GBPUSD : Continue to increase in the future ? The GBP/USD pair made an effort to hold the 1.2650 level in early Monday trading in Europe, despite a rebound in the US Dollar driven by risk-averse market sentiment. Traders are now looking forward to a speech by BoE's Chief Economist Huw Pill and US housing data for fresh momentum.
From a technical standpoint: The convergence of the 34 and 89 EMA around the 1.264 support level suggests that we might expect an upward trajectory for GBPUSD in the near future, with two immediate targets highlighted in the analysis.
XAUUSD - Increase prices but not sureHello, I'm delighted to discuss the XAUUSD market with you today!
As of the close of yesterday, the gold market experienced a notable uptick, soaring from $2016 to $2041—a $25 increase in just a few hours.
The current price stands at $2035, and technical analysis suggests that despite recent support for a price increase, the long-term trend seems to be on a downward trajectory within a descending channel. The $2045 resistance level, marking the upper boundary of this channel, could serve as a crucial point for bears to initiate the next price decline. In such a scenario, it's possible for gold to revisit the $19xx range once again.
What's your take? Do you foresee a decrease in gold prices, or do you believe it could break out of this trend?
BTCUSDT today ( 23/02 )BTCUSDT has just completed a double top pattern on the 1-hour chart. The price is currently at the support level of 51,100 USD, and the technical outlook leans towards the bears, with the 34 EMA indicating a reversal.
The resistance level at 51,440 is forming a convergence zone with the EMA, and I am leaning towards a sell position for today's BTCUSDT trading. Do you agree with this assessment?
USDJPY : Strategic analysis today!Hello everyone, today the USDJPY has been trading around the 150.500 mark during the early trading hours of the weekend. This pair found support at 150.42 and retested the 34 EMA line.
Trend Forecast: USDJPY is expected to continue its upward momentum and is forming a double top pattern as indicated on the chart. We will consider a sell strategy if USDJPY reaches that level.
What about you? What are your thoughts on the trend and your next trading strategy for USDJPY? Drop a comment to let me know!
GBPUSD: Wait for a new price increaseToday, the GBPUSD pair maintains stability above the 1.2600 level, moving within a price wedge, indicating a potential upcoming breakout from its current trend.
Both the short and medium-term outlooks remain favorable for GBPUSD buyers, as evidenced by the current behavior of the two EMAs. The pair is expected to rise after reaching the boundary of the trendline.
USDJPY: Search for new support levelToday, the USD/JPY is trading around the 149.90 level, approaching a nearby support level with a predominant sideways movement, tilting the short-term outlook in favor of bearish momentum.
In the hourly timeframe, USD/JPY is exhibiting a Symmetrical Triangle pattern and has made a downward breakout. Should the current support be breached by a Double Top pattern, the bearish target is set at the 149.33 level, indicating a potential shift in the market's direction favoring sellers.
BTCUSDT: Approaching a solid defense zoneHello dear friends !
Yesterday BTCUSDT continued to experience a price decline, the price fell to 41,284 USD and approached the strong support level at 40,500 USD. This is a quite important price level that has helped BTCUSDT bounce up many times. If the price continues to fall stronger and breaks through this support zone, it will quickly drop to 37,700 USD.
The trend of BTCUSDT in general is still very vague, so please be cautious when trading by placing full TP and SL!
GBPUSD: Facing obstacles on the road to recovery.Karina hello everyone, what do you think about GBPUSD?
Today GBPUSD faces some downside in its recovery. Accordingly, GBP/USD fell to nearly 1.2680 during the Asian session early in the day. The British Pound lost ground against the US Dollar due to risk aversion, which could be due to concerns about geopolitical risks, which dominate the psychology of market participants and are the psychological arrow that makes investors Investors sell GBPUSD, causing the pair to fall in price.
Besides that information, from the 4-hour analysis chart, this pair also broke out of the rising trendline, so the price may still continue to weaken.
And you, what do you think about the trend of GBPUSD?
EURUSD: Continues steady recoveryHello wonderful friends, what do you think about EURUSD?
Opening the new week, the EURUSD currency pair maintained a slight recovery with the price at 1,096 and up 0.15% on the day. Price still mainly operates around the two EMA lines and there is not much change in trend.
Karina is expecting this pair to escape the price range and make a Breakout to reach higher levels. How about you ?
Gold price on the first day of the new weekHi everybody! It's great to start the new week with this conversation with you all!
Let's look back a bit at gold last week, it really impressed me. Gold glided sideways near 2030 USD and then suddenly "danced" to 2061 USD on Friday, before turning around to correct. Now, what makes me excited is the fact that gold is currently at 2050 - 2051 USD entering the new week.
Interestingly, gold's rally was fueled by weakness in US Producer Price Index (PPI) data and geopolitical tensions in the Middle East. Like a skilled dancer, gold escaped the bearish 'dance', returned to test the Breakout area and danced with the two EMAs.
This makes me feel quite optimistic that gold will not stop here. It appears to be heading towards a new high - $2088. How about you? Do you think gold will continue to rise, or will it turn downward this week? Please share your thoughts!
XAUUSD - Trends and trading strategiesHello dear friends, let's delve into the gold price last week and discuss a new strategy with Karina!
Last week, the gold price appeared to decline, losing more than 40 USD from 2088 USD to 2045 USD. Towards the end of the week, gold seemed to remain relatively stable, focusing on a sideways movement with a resistance level at 2050 USD and a support level at 2030 USD.
On Friday, when the Non Farm news was released, gold experienced significant fluctuations, reaching as high as 2065 USD and as low as 2024 USD. However, gold closed at 2045 USD without any major breakthroughs occurring.
Regarding the prospects and evaluation of future trends: Given the current situation where the USD is gradually recovering, gold is still inclined towards a further decline, indicated by the reversal from the EMA 34 line on shorter time frames and consolidation on the 4-hour chart.
A breakdown of the support level will push gold back to the 2015 USD mark.
What about you? What are you expecting from gold?
GOLD held his breath waiting for newsHello dear friends !
Gold price today is trading around 2040 USD and has not changed much compared to yesterday. Up to now, the main trend of gold is still down with sideways in the short and medium term with resistance level 2050 USD and support level 2030 USD.
At the end of the day when non-farm payrolls are announced, gold is likely to fluctuate more quickly like other weekends.
-In case the news continues to support the USD, gold will break the support level and drop quickly to 2015 USD.
- In the second case, the resistance level is broken by the buyers and gold will have a chance to reach the peak of 2065 USD.
And you, which direction do you think gold will move in? Let's wait with Karina!
Trading Idea - #DAXTrading Idea - #DAX
Sell/Short after head and shoulders pattern forms!
Entry: 15.290 (the neck line)
Target: 14.937 (the head height)
1. the initial rally into the pattern is often associated with a strong rise.
2. the first shoulder forms where price peaks before falling back to a support level - the neckline.
3. once the market reaches the neckline, it rallies to make a higher high before pulling back to the neckline.
4. the market then bounces off the neckline again, this time making a lower high than the previous bounce off the neckline.
5. the pattern is only confirmed when the sell-off from the second shoulder breaks below the neckline, after which the target equals the distance between the neckline and the top of the "head".