GBP-CAD Bearish Breakout! Sell!
Hello,Traders!
GBP-CAD is trading in a
Downtrend and the pair
Broke a key horizontal
Level of 1.7666 and the
Breakout is confirmed
Which reinforces our
Bearish bias and makes
Us expecting a further
Bearish continuation
Sell!
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Signals
After NFP gold is still bullish? check my proper analysis!Hey everyone this is your boy Hunbal! I am looking for a good buy trade ready for Monday market open session XAUUSD is ready for a bull run I have 2 confirmations one the rejection from the support level and second choc in m30 time frame so we are hoping a good buy from here (2690) our take profit will be 200 pips 2710 and our stop loss will be 100 pips 2680 I wish we all together print some money.
Good Luck :)
GOLD MARKET ANALYSIS AND COMMENTARY - [January 13 - January 17]Over the past week, international OANDA:XAUUSD increased from 2,614 USD/oz to 2,698 USD/oz and closed at 2,688 USD/oz. The main reason is concerns about rising inflation in the US due to President-elect Donald Trump's expansionary fiscal policies, tariffs and tightening immigration policies. Although high interest rates are often detrimental to gold prices, in the context of strong inflation, real interest rates decrease, creating a positive impact on gold prices.
That is also the reason why the US non-farm payrolls (NFP) report for December 2024 increased by 256,000 jobs, far exceeding Reuters' forecast of 160,000 jobs and surpassing November's revised figure of 227,000 jobs, but gold prices still increased sharply this week.
With the inauguration day (January 20, 2025) of President-elect Donald Trump approaching, it is likely that next week's gold price will still be supported. Because Mr. Trump's expected policies, especially expansionary fiscal policy, tariff policy, and immigration policy, will all have the risk of increasing inflation. In particular, although tariff policy can reduce the US trade deficit, it will push up consumer prices. Tighter immigration policies will increase labor costs, causing product prices to increase, thereby also risking increasing the consumer price index...
Meanwhile, the FED has announced that it may only cut interest rates once this year, or may not even cut interest rates this year, if Mr. Trump's above-mentioned policies push US inflation to skyrocket.
📌Looking at the chart, next week's gold price will likely continue to move upward with the next important resistance levels being 2,725 - 2,790 USD/oz. Meanwhile, the level of 2,585 USD/oz is an important support level for gold prices next week.
Notable technical levels are listed below.
Support: 2,676 – 2,664USD
Resistance: 2,693 – 2,700USD
SELL XAUUSD PRICE 2761 - 2759⚡️
↠↠ Stoploss 2765
BUY XAUUSD PRICE 2649 - 2651⚡️
↠↠ Stoploss 2645
DXY Is Going Up! Long!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 109.638.
Taking into consideration the structure & trend analysis, I believe that the market will reach 111.019 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USDCAD Will Fall! Sell!
Here is our detailed technical review for USDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.441.
Considering the today's price action, probabilities will be high to see a movement to 1.439.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USD_CAD RESISTANCE AHEAD|SHORT|
✅USD_CAD is about to retest a key structure level of 1.4470
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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GBP_NZD WILL GO UP|LONG|
✅GBP_NZD will be retesting a support level soon at 2.1900
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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Lingrid | NOTUSDT Potential Buy ZONE as Market Finds a SupportBINANCE:NOTUSDT continues to bounce off the 0.056000 support level, with the price testing this zone three times. This has made the zone below more attractive for potential testing of liquidity. Furthermore, the price trades above the psychological level at 0.050000, which could strengthen this level as a support. The market decline of -82% from its all-time high might attract more buyers. All being thta said, I expect the market to form a rejection candle at support level, followed by a potential bullish run. This could be a sign of accumulation and a potential reversal in the trend. My goal is resistance zone around 0.008350
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURCAD Will Go Higher! Buy!
Please, check our technical outlook for EURCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.476.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.480 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPJPY Will Go Up! Long!
Here is our detailed technical review for GBPJPY.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 192.558.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 193.417 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USDCAD Consolidation: Eyeing a Breakout Above Key Resistance USDCAD is currently trading at 1.443, with a target price of 1.490, suggesting a potential gain of over 500 pips. The analysis is based on the support and resistance pattern, indicating that the pair is holding its main resistance level. A breakout above this resistance level is being anticipated. Currently, the pair is in a consolidation phase, where price movements are relatively limited. This phase often signifies market indecision and can precede significant price action. Traders are closely monitoring the breakout potential, as a breach of resistance could signal strong upward momentum. The technical setup suggests bullish sentiment, with the resistance level acting as a critical price point. If the breakout occurs, it may confirm the continuation of the uptrend. However, traders should remain cautious and consider potential reversals if the resistance holds.
#WIF. MARATHON OF PAYOFFS BEFORE BULLRUN! REVIEW FROM 11.01.2025BINANCE:WIFUSDT
#WIF 1D
Hi lovelies! 🌸
If #BTC drops to the $90,000 - $88,000 range, it could trigger a decline in altcoin prices, leading to new lows. This would create an opportunity to buy altcoins at lower prices.
Let’s talk about Dogwifhat (WIF) – a meme coin on the Solana blockchain. Inspired by a photo of a Shiba Inu in a pink knitted hat, the token’s name is a deliberately misspelled phrase: "dog with hat". 🐶💖
Key Levels
The $1.38 level is a strong support, where most of the buying happens. It’s crucial for buyers to hold this level to maintain the uptrend.
For spot accumulation, consider the $1.5 - $1.1 range, with targets at $3.8 - $7.8.
My Targets
My personal spot targets:
1️⃣ $8
2️⃣ $10
This is a long-term play, so no whining if there are drawdowns! 😅 Buy and hold tight – patience pays off. 💎
Let’s see how this plays out, my loves! 💖
As always, DYOR (Do Your Own Research) and trade wisely! 💖
Hugs
Your crypto girl
STORJ Breakout Loading Is a Bullish Surge on the Horizon?Pattern and Setup
Symmetrical Triangle Formation. A bullish pattern indicating potential upward momentum.
The price is currently consolidating within the triangle, nearing a potential breakout point.
Key Levels and Targets
Trendline Resistance at $0.70 this is a critical breakout level to watch.
Breakout Confirmation above $0.70 could lead to a significant upward move.
Strategy
Wait for a clear breakout with strong volume above $0.70 for a bullish entry.
Upside potential will depend on market conditions and momentum after the breakout.
Risk Management
Consider placing stop-loss levels below the lower trendline or recent support to manage downside risk. Target prices can be adjusted as the breakout unfolds, monitoring resistance zones.
Insights
Symmetrical triangles often indicatecontinuation, and this setup leans bullish. However, always confirm with volume for stronger conviction. Stay alert for false breakouts or a downside breach if momentum fades.
NZD-USD Swing Long! Buy!
Hello,Traders!
NZD-USD keeps falling down
In a strong downtrend but
The pair is locally oversold
And as it is about to hit a
Massive horizontal support
Of 0.5512 we will be expecting
A local bullish rebound and
A further bullish correction
Buy!
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AUDJPY - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D and 1W key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.