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AudJpy- Good shorting opportunity of 500 pipsAfter an upward reversal in early August and a higher low in mid-September, AUD/JPY continued climbing to reach a local high around 102. However, the pair has since stalled in this area, entering what appears to be a distribution phase. Currently, it seems to be testing a critical support level around 100. A successful break below this level could signal an accelerated downward move. A medium-term target for this decline is around 95, with an interim support level at 98—an attractive target for traders who are not so patient.
Short
by Mihai_Iacob
Gold continues to increase in price due to many support factorsGold prices increased while the US economy showed signs of slowing down faster than expected. US GDP growth in the third quarter only reached 2.8%, lower than the 3% recorded in the previous quarter. The growth figure is lower than expected, making many people believe that the US Federal Reserve (Fed) will consider accelerating the pace of interest rate reduction to further support the economy. The USD is likely to weaken. The cash flow could also ease the decline in the US vote market. Gold is a commodity that benefits when interest rates decrease. However, 2.8% is still considered a quite positive growth tool. The impact of this information on the USD is not much. Currently, gold is considered to be able to continue to increase and set new peaks, possibly reaching 2,800 USD/ounce when the US election has many unpredictable things. Tensions in the Middle East are still quite high, while Japan has recently fallen into a political crisis after the country's ruling coalition lost the majority of seats in parliament.
TVC:GOLDShort
by TheLeader_WOLF
EUR/USD: Opportunity to profit from resistance!Hello all dear traders! After yesterday's important economic news, we saw a pretty impressive breakout of EUR/USD, but the pair is currently trading slightly lower at around 1.084, down around 0.06% on the day. This downside correction is largely due to the USD rising slightly on positive signals from the US economy. However, there is an important supporting factor for EUR/USD: the market is gradually losing confidence in the possibility of a strong ECB easing in the near future. This helps limit the downside momentum of the currency pair, allowing EUR/USD to hold firm against the pressure from the USD. From a technical point of view, I see that EUR/USD could gain some more upside momentum thanks to the nearby 34 EMA, which acts as an important support zone in the short term. But! Any upside momentum is likely to face resistance at around 1.087 and is likely to correct back to support to test liquidity before a clearer upside momentum emerges. Wishing you all a successful and profitable trading day!
Short
by Bentradegold
1
EURUSD: The trend of increasing dominant!Hello all my dear friends, the third day has started, wish you lots of energy! Currently, the EUR/USD pair is stable around 1,0810 and works well on the price channel to 1 hour. Despite the US dollar consolidated in the early morning of Asia in Tuesday. On the other hand, the price increase of the US dollar shows some signs of fatigue when the dollar index (DXY) returns to the recent peak at nearly 104.60 before falling to 104.30 at the delivery session. The end of the translation ends, thereby supporting the continued increasing trend of this pair of money. I wish you a lot of profits!
Long
by Bentradegold
Gold prices fall from peak, $2,800 still in sight!Hello everyone! Gold (XAU/USD) has declined after hitting a fresh record high in the early European session on Wednesday and is currently trading around $2,782, still up 0.27% on the day. From a technical perspective, the overnight breakout above the trading range is seen as a fresh impetus for the bulls. The subsequent upside move has pushed the price of gold towards the extended rising trendline resistance, currently anchored near the $2,780-$2,785 region, which could act as a strong hurdle amid a slightly overbought Relative Strength Index (RSI) reading on the daily chart, suggesting a correction is possible. However, the uptrend remains intact and sustained strength above the said barrier could push XAU/USD further towards the $2,800 mark and beyond as indicated.
OANDA:XAUUSDLong
by Bentradegold
USDJPY: Will the NFP Halt the Dollar?The USD/JPY moves between sustained bullish momentum and possible technical corrections: the Bank of Japan’s decision to keep rates unchanged temporarily strengthened the Yen, pushing the pair below 153, but post-election political uncertainty limits any lasting appreciation of the Japanese currency. Conversely, the US dollar continues to benefit from a favorable economic backdrop, bolstered by a strong labor market and the potential for a gradual Fed approach in the future. Imminent economic data, such as consumer confidence and JOLTS job openings, could confirm the US recovery, further boosting Treasury yields and the dollar. From a technical perspective, the trend remains bullish, with key resistance levels at 153.90 and 155.10, while a correction toward supports at 151.95 and 149.50 might indicate a pause or reversal of the trend.
Long
by Forex48_TradingAcademy
1
Even as the Fed ramps up adjustments, gold still risesGold Talking Points: I went over gold in-intensity in yesterday`s webinar, and this morning updates given the metal`s persevered charge motion with bulls pushing as much as some other ATH simply interior of the 2790 degree. The contemporary pullback feels just like the earlier episode, whilst gold stalled in advance of a check of the 2700 mental degree. In that iteration, expenses then constructed a bull flag formation as 3 weeks of sideways grind regarded earlier than consumers had been in the end capable of pressure a push up and thru the subsequent large discern at 2700. The banner 12 months for gold has persevered and this morning delivered but some other sparkling all-time-excessive into the mix. At this point, charge held highs simply about $10 interior of the subsequent important mental degree of 2800 and this resembles closing month`s episode whilst gold bulls shied farfar from 2700, at the least initially. The excessive then held at 2685 and a bearish channel advanced thereafter, which, whilst all for the earlier bullish fashion made for a bull flag formation. Given the resistance that has been in region so far, simply across the 2800 degree, I assume this is the subsequent degree that wishes to be accepted. And we formerly had reputation on the 2750 degree after guide confirmed there, which is clear at the two-hour chart below. So, ideally, any corresponding retracement will stay above the preceding better low to hold the door open for bullish momentum setups.
TVC:GOLDShort
by FalCol_TradingMaster
Gold futures prices have reached a new all-time highThe first factor that draws interest at the every day chart is the breakout above the top border of the pink consolidation (…) What does this suggest for gold futures? The capacity bullish situation should take the rate to the $2,800 barrier or maybe around $2,825, wherein the dimensions of the rally could correspond to the pinnacle of the cited pink consolidation. From the cutting-edge factor of view, we see that the scenario evolves in keeping with the above situation and the shoppers have done the primary goal cited in advance today. Thanks to this rate movement, gold futures fees additionally reached a brand new document excessive of $2,801.65. However, given the breakouts cited above throughout all 3 formations, we should see a upward push to around $2,786, wherein the dimensions of the rally could correspond to the peak of the consolidation brown (2d upside goal). At this factor, it's far really well worth noting that during this place there may be additionally the 127.2% Fibonacci extension level (primarily based totally at the October 23 excessive and low), which serves as technical resistance. Therefore, it's far really well worth looking the conduct of the bulls on this place - mainly whilst we keep in mind the closeness to the formerly damaged decrease border of the very brief grey uptrend channel term (presently at around $2,787.30), which can entice dealers to the exchange.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GbpUsd- Preparing for reversalAs I mentioned last week, I’m closely monitoring the GBP/USD pair for a potential upside reversal. This expectation is based on the recent overlapping decline, which is contained within a channel, as well as the proximity to a significant support level. In recent days, the pair hit a local low of 1.2912 before reversing toward 1.3000 and beginning a consolidation phase. I believe it’s only a matter of time before GBP/USD clears the 1.3000 mark, potentially accelerating toward a target around 1.3150.
Long
by Mihai_Iacob
6
Gold Price Maintains Uptrend With EMA SupportGold is currently trading around $2,787/ounce, supported by the EMA(34) and EMA(89), indicating that the uptrend is dominant. The chart shows that the price is in a stable uptrend channel, with strong buying pressure. The nearest resistance level may create a short-term correction, but if the price continues to break and maintain above the EMAs, the long-term uptrend is likely to continue. The driving factor for gold's rise comes from the upcoming US presidential election on November 5, raising concerns about the possibility of political instability. The market is reflecting these concerns by increasing demand for gold - a safe-haven asset amid geopolitical risks.
OANDA:XAUUSD
by Naoomi
1
Gold continues to heat up!Hello all dear traders! The world gold price continues to heat up in the context of the US presidential election season reaching its peak on November 5. Meanwhile, US economic data shows a very strong increase in the number of new jobs compared to the forecast. The country's gross domestic product increased at an annual rate of 2.8%. The US Federal Reserve (FED) policymakers are expected to cut interest rates by 0.25% next week, which could continue to benefit the safe-haven precious metal. As can be seen on the 1-hour chart, the technical uptrend along with support from the nearby EMAs 34 and 89, shows that the bullish outlook remains intact without any risks. Furthermore, the recent consolidation around the 2790 - 2777 range and the unbroken price wedge suggest that gold prices are likely to accelerate to around $2800 and beyond. Wishing you all the best of luck in your trading!
OANDA:XAUUSDLong
by Bentradegold
LTCUSDT Long Setup Setting / Risky but Why not?BINANCE:LTCUSDT 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone: 68.45-66.76 ⚡️TP: 69.43 70.50 71.90 🔴SL: 64.89 🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
XAUUSD: Ready for a Correction After NFP?Analyzing XAU/USD's movement, the price recently hit a fresh all-time high around $2,790 but then experienced a slight pullback to $2,780. Despite this minor drop, the underlying trend remains strongly bullish, driven by the weakness of the US dollar due to mixed macroeconomic data limiting its demand. From a technical perspective, the daily chart shows a clear bullish setup, suggesting the potential for further highs until a significant correction occurs. After a brief corrective dip, technical indicators have resumed their ascent into overbought territory, signaling that buyers are ready to capitalize on minor price dips. The price could break the psychological threshold of $2,800 before the US presidential elections, with the potential to discover new highs beyond the recent record of $2,789.72. In October, the private sector added 233K new jobs, surpassing expectations and temporarily strengthening the dollar. However, Q3 GDP growth at 2.8% fell short of forecasts, adding downward pressure on the dollar. The quarterly Core PCE Price Index was 2.2%, down from the previous quarter’s 2.8% but above the 2.1% expectation. Despite this decline, inflation remains within the Fed’s tolerance range, reducing the likelihood of an impact on the central bank’s policy decisions.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
1
EUR/USD Builds Bullish Momentum with Strong Support and Pin BarAfter bottoming at 1.0760 exactly one week ago, FX:EURUSD has started to consolidate, forming what appears to be a base. Since then, dips below 1.08 have been consistently bought up, culminating in a strong bullish Pin Bar candle yesterday. To further support this bullish outlook, this base is forming at a key confluence of support levels, reinforcing the potential for an upward move. With this in mind, I am looking to buy this pair, ideally on a dip, to ensure a positive risk-to-reward ratio of 1:2. My target for a reversal is set at 1.0950, with respect to 1.09 resistance (this could serve as short term trader's target)
Long
by Mihai_Iacob
7
S&P500 Bottom expected this week.New bull phase to 6500 startingThe S&P500 index (SPX) has a red 1W candle last week, its first after 6 straight green. This was a much needed technical correction on a rally that has been holding since the August 05 low, while on the longer term it's part of a Channel Up that since last October (2023), hence a year ago, is being supported by the 1W MA50 (blue trend-line). We've identified a similar pattern, essentially an identical price action that started after the March 2020 COVID bottom and extended all the way to the November 2021 peak. It appears that relative to that Channel Up pattern, we are about to complete this week step (e), which on May 17 2021, it priced the 2nd straight red week and then resumed the uptrend. Technically, as long as the 1W MA50 holds, we remain inside a Bull Phase. The symmetry between the two fractals is striking, both have ascended by +43.46% up to step (e). If this symmetry continues all the way to the top, then that could be at a +62.37% rise from the Channel's bottom. As a result, this gives us a 6500 Target (at least) by Q2 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
USDZAR Excellent sell signalThe USDZAR pair gave a solid sell signal last time (August 16, see chart below) we made made a call on it, easily hitting the 17.500 Target: Yet again, the price got rejected near the top (Lower Highs trend-line) of the 8-month Channel Down. A candle closing below the 1D MA50 (blue trend-line) will confirm the sell signal. If successful, we will short and target Support 1 at 17.03500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot