USDCHF - Change of CharacterHello Traders !
The USDCHF failed to create a new higher high !
Currently, The last higher low is broken (Change of character).
So, I expect a bearish move📉
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TARGET: 0.87260🎯
Signals
EURCHF Trading Opportunity! BUY!
My dear followers,
I analysed this chart on EURCHF and concluded the following:
The market is trading on 0.9285 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9303
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NAS100USD Will Go Down! Sell!
Please, check our technical outlook for NAS100USD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 21,415.8.
Taking into consideration the structure & trend analysis, I believe that the market will reach 21,013.5 level soon.
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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GOLD Will Move Lower! Short!
Here is our detailed technical review for GOLD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2,637.581.
Considering the today's price action, probabilities will be high to see a movement to 2,613.313.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURCAD Is Bearish! Sell!
Take a look at our analysis for EURCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.485.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.478 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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GBPAUD Is Very Bearish! Short!
Please, check our technical outlook for GBPAUD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.988.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.970 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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xauusd and NFPBased on fundamental data and the correction of the global gold ounce, as well as the high selling pressure and strength, I expect that today, with the release of the non-farm payroll employment data from the U.S., it will reach the specified range.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
JASMY Emerging 1D Golden Cross can send it to 0.0900JasmyCoin (JASMYUSD) has been trading within a Fibonacci Channel Up on the 1D time-frame and it currently more than halfway through its new Bullish Leg. Ahead of its first 1D Golden Cross in 1 year (since November 23 2023), the price is pulling back today below the 0.618 Fibonacci retracement level.
This is exactly the same kind of pull-back the previous Bullish Leg had on February 22 2024. As a result, we can use this opportunity to buy at a lower price and target 0.0900. Technically longs are valid until the 1D MACD forms a Bearish Cross (was an accurate sell signal on June 09 2024 and March 05 2024).
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GBPJPY, possible outcomes?A quick outlook on GBPJPY . Potential opportunities.
GBPJPY is currently trading at around 191.000 . We are looking at two possible outcomes on this pair. We are still in a downtrend on HTF (Higher Time Frames ). However if we start breaking above 191.500 we could see a reverse happening on the pair.
Scenario 1: SELLS at the break of 190.400 .
We broke 190.400. That would confirm sells and we could continue the downtrend and target previous lows sitting at around 188.000 flat.
Scenario 2: BUYS at the break of 191.500 .
We broke above 191.500 confirming the bullish flag we had on H1 and we could start reversing on GBPJPY . We would be targeting higher levels sitting at 192.500 and higher at 193.300 .
Personal opition:
The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at the break of 190.400. On the other hand a safe buy trade could be taken at the break of 191.500. We are more on the buy side at the time of writing this. Be patient and stay tuned for updates on this pair.
KEY NOTES
- GBPJPY is in a downtrend on HTF however it’s showing signs of a possible reverse.
- Breaks above 191.500 would confirm buys.
- Breaks below 190.400 would confirm the trend continuation and further sells.
Happy trading!
FxPocket
AUDCAD Buy signal at the bottom of the Channel Up.The AUDCAD pair has been trading within a Channel Up pattern since the September 27 2023 Low and at the moment it is in the process of forming a new Higher Low. All previous Higher Lows were formed one the 1D RSI almost touched the 30.00 oversold barrier. Right now it is a little more than 5.0 points away from it, so buying starts getting highly favorable on the current levels.
In any case, a break above the 1D MA50 (blue trend-line) would confirm the start of the new Bullish Leg and if it follows the previous sequence, it should peak above the -0.5 Fibonacci extension. As a result, our 0.95000 Target is more than valid for the medium-term.
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PALLADIUM has started a massive 3-year rally. Don't miss it.We first published this Palladium (XPDUSD) chart exactly 4 months ago (August 06, see chart below) and it is the appropriate time to update it now:
As you can see, we gave the buy signal exactly on the market bottom which was in fact a Triple Bottom. The rebound broke above the 1W MA50 (blue trend-line), a Resistance that was unbroken since the week of October 10 2022, and technically confirmed the uptrend and the trend reversal from bearish to bullish. The pattern that is carrying this uptrend is a Channel Up and in November in fact, it respected both the Higher Highs and Higher Lows trend-lines.
As mentioned on that August analysis, Palladium formed the very same Channel Up after both previous major market bottoms (Bear Cycles) since the December 2008 bottom of the U.S. Housing Crisis. All Channel Up patterns (the current is the 3rd one), started after the 1W RSI formed Higher Lows against the price's Lower Lows, which is a Bullish Divergence. They broke out once the 1W RSI made the first pull-back on the Arc shapes you see on the chart, indicating a normalization on the initial buying pressure at the bottom.
Obviously, this is a recurring technical cyclical pattern, formed on a 6-year Cycle. With the use of the Sine Waves we can accurately display the previous bottoms (January 11 2026 and December 01 2008) and to a fair extent the tops (we can argue that those are formed on the 3rd Lower High (red circles) on the 1W RSI Lower Highs trend-line).
Needless to say, we still expect Palladium to reach at least the 'Russia-Ukraine war peak' at 3450 by mid 2026 - mid 2027. If you want to go beyond that, technically, it can extend as high as $4780, which would represent a +451.52% rise from the recent 2024 bottom. The previous two Bull Cycles rose by +533.56% and 451.52% respectively, which also represents they high degree of symmetry within Cycles.
In any event, the current levels remain a unique buy opportunity on a 3 year horizon if you are a long-term investor.
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Lingrid | EURAUD short after FAKE Breakout of CONFLUENCE ZoneFX:EURAUD is currently testing a key resistance zone at 1.65000, which coincides with an upward trendline and the border of a downward channel, creating a confluence zone. Following an impulsive bearish move from this zone previously, the price has retraced back to this resistance area. Given that this level acts as a round number and aligns with the upward trendline, I anticipate a potential reversal from this resistance area. If the price creates a fake breakout—indicated by rejection at this level—we can expect the market to move lower, potentially leading to a more bearish move. My goal is the support zone around 1.63000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Will NFP give Gold a boost?In my comment yesterday, I mentioned that the price was trading within a tight range, making it better to stay on the sidelines until there is more clarity.
Although the price briefly broke below both the 2635 and 2620 support levels, it quickly reversed and moved back above them. This suggests that bulls remain strong above the 2600 level, indicating that a higher low might be forming.
With this in mind, I anticipate the price to continue moving upward today and in the coming days, with a clear breakout above 2650. If that happens, Gold could gain momentum and potentially reach the next significant resistance level around 2680.
For now, I’m looking to buy on dips, but I will reconsider this approach if Gold closes the week below yesterday’s low.
Lingrid | TONUSDT Hits KEY Psychological Level: $7.00 AchievedThe price perfectly fulfilled my last idea. It hit the target level. OKX:TONUSDT is making higher highs in a bullish trend. The market recently produced a fake breakout of the psychological level at 7.00 which means possible deeper correction. On the daily timeframe, the price broke above a downward trendline that had restrained it for over four months. The formation of an equal low suggests that the price may retest below this equal low before moving higher. I anticipate a correction to occur, followed by a continuation of the bullish trend. My goal is resistance zone around 7.390
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD dropped and recovered quickly, new news from Korea, NFPOn the Asian market on Friday (December 6), OANDA:XAUUSD Spot delivery suddenly increased sharply in the short term. Gold prices have increased sharply from an intraday low of nearly 2,613 USD/ounce and are currently trading around 2,643 USD/ounce, close to the technical level of 2,644 USD.
There was news that South Korea might impose martial law for a second time, which quickly increased market risk aversion and stimulated a sharp increase in gold prices.
According to the latest report from Yonhap News Agency on Friday, South Korea's opposition parties may seek to hold an impeachment vote on President Yun Xiyue at 5 p.m. local time on Saturday.
South Korean media JTBC reported on Friday that the Military Human Rights Center held an emergency press conference at its office in Mapo district, Seoul in the morning, following the instructions of superiors, commanders The squadron commander's superiors could convene an emergency press conference before the 8th.
The Military Human Rights Center emphasized that this was Yoon Seok-yue's Sign that martial law would be reintroduced.
South Korean President Yoon Seok-yue suddenly declared martial law on the evening of December 3, with the reason of eliminating pro-North Korean forces and protecting constitutional order. The South Korean National Assembly voted late at night to pass a resolution to "remove martial law", and Yoon Seok-yue finally announced that he would "remove martial law".
However, there are rumors that senior South Korean military officials have been asked to be on standby until December 8. This is something the market is eyeing as a sign that Yin Xiyue will declare martial law again.
In a headline on Friday, Yonhap news agency quoted the South Korean opposition party as saying lawmakers were on standby after receiving multiple reports of martial law being declared again.
Gold is considered a leading haven asset when the market receives risky impacts from geopolitical developments (especially in places closely related to the US).
On this trading day, investors will receive the release of the US non-farm payrolls report, which is expected to cause major fluctuations in the gold market.
US nonfarm payrolls jobs are expected to increase by 195,000 in November. Gold could rebound stronger on more disappointing jobs data, and come under some pressure ahead of the tabular data Non-farm wages are optimistic.
Today (Friday), the United States will release the November nonfarm payrolls report. Surveys expected 200,000 new jobs were added, but only 12,000 jobs were added in October, the lowest increase since December 2020.
The US unemployment rate is expected to increase slightly to 4.2% in November, from 4.1% in October. Additionally, average hourly wages in the US are expected to increase 0.3%. month-over-month in November. Annual wage growth will likely slow from 4% to 3.9%.
A report released by the US Bureau of Labor Statistics on Tuesday showed that the number of job vacancies in the United States increased again in October and the number of layoffs decreased, indicating market demand for workers are stable.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, after gold fell but fell short of its weekly target of $2,606 – $2,600 sent to readers in the weekly edition, it rose rapidly to retest the 2,644 technical level. USD.
Temporarily, gold's recovery does not give it enough conditions to increase in price as the Relative Strength Index is still operating below 50.
Along with that, the EMA21 is the closest resistance currently and as long as gold has not broken the price channel, it still has the main trend during this time which is down.
Once again gold falls below the 0.618% Fibonacci retracement level which will be the best condition to head towards the weekly target area at 2,606 – 2,600USD.
Meanwhile, expectations of a new bearish cycle will be opened once gold falls below the original price of 2,600 USD with the target then around 2,591 USD in the short term, more than 2,538 USD.
During the day, the technical outlook for gold remains bearish with notable points listed as follows.
Support: 2,634 – 2,606 – 2,600USD
Resistance: 2,644 – 2,657 – 2,663USD
SELL XAUUSD PRICE 2686 - 2684⚡️
↠↠ Stoploss 2690
→Take Profit 1 2679
↨
→Take Profit 2 2674
BUY XAUUSD PRICE 2584 - 2586⚡️
↠↠ Stoploss 2580
→Take Profit 1 2591
↨
→Take Profit 2 2596
World gold price decreased World gold prices decreased in the context of an increase in the USD. Recorded at 9:40 a.m. on December 6, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 105,792 points (up 0.08%).
Gold price after the US released weekly unemployment claims data. The number of dependents applying for new unemployment benefits increased slightly last week, indicating that the labor market continues to gradually cool.
In addition, the yield on 10-year US government bonds increased by 0.3%, bitcoin price surpassed 100,000 USD for the first time in session 5.12. The market is also waiting for US non-agricultural employment data to get more information about the US Federal Reserve's (FED) stance on interest rate cuts.
Early this morning, world gold prices suddenly dropped sharply after many struggling sessions. According to Kitco, Donald Trump's US Presidential election victory and his focus on "America First" policies, aimed at supporting the economy and a stronger USD, have made gold investors global. Demand reduces participation in this precious metal.
🔥 XAUUSD SELL 2645 - 2647🔥
💵 TP1: 2630
💵 TP2: 2620
💵 TP3: OPEN
🚫 SL: 2656
Cat/UsdtMEXC:CATUSDT
🚨 **CAT Price Analysis** 🚨
- **Current Price**: 0.000431
- **Resistance Levels**:
- **First Resistance**: 0.000480
- **Second Resistance**: 0.0005600
- **Support Levels**:
- **First Support**: 0.000408
- **Second Support**: 0.00003123
- **Third Support**: 0.0002345
🔑 **Key Points**:
- **Resistance**: If CAT breaks above the **0.000431** level, the next resistance areas to watch are at **0.000480** and **0.0005600**. A successful break and hold could indicate further upward movement.
- **Support**: If CAT fails to hold at **0.000431**, it could test the support levels at **0.000408**, **0.00003123**, or even **0.0002345**, where it may find a rebound.
💡 **What to Watch**:
- **Price Breaks Above Resistance**: A break above **0.000431** could lead to tests of the next resistance levels at **0.000480** and **0.0005600**.
- **Price Falls Below Support**: If the price falls below **0.000431** and tests support, keep an eye on the **0.000408**, **0.00003123**, and **0.0002345** levels for potential reversals.
⚠️ **Not Financial Advice**: Please do your own research and trade carefully.
GOLD--> Consolidation. Which Direction Will Momentum Take?Hello dear friends, Ben here!
Gold prices continue to consolidate sideways within a familiar range as the market eagerly awaits a new catalyst to determine the next directional move. What lies ahead, and what scenarios could unfold?
Meanwhile, sellers are holding back as they await key developments, including comments from Federal Reserve Chair Jerome Powell, U.S. employment data, and the CPI report, to gain insights into the Federal Reserve’s policy outlook. According to the CME FedWatch Tool, traders currently assign a 74% probability of the Fed cutting interest rates by 25 basis points at the upcoming policy meeting. However, theoretically, this remains uncertain, and the market may remain in consolidation until new information emerges.
On the technical side, gold may build bullish momentum to test critical resistance levels, which could potentially lead to a decline afterward. However, if the price breaks below the 2636 support level and consolidates beneath it, bearish pressure may emerge earlier than expected.
What are your thoughts? Share your insights, forecasts, and questions—let’s explore the ongoing dynamics of XAUUSD together!
Gold prices continue their downward trend, falling from $2,710.
Gold prices today continue their downward trend, trading around $2,642.
This decline comes as the market braces for the release of the highly anticipated U.S. labor report from the Department of Labor, scheduled for Friday. According to a Bloomberg survey, nonfarm payrolls for November are expected to show an increase of approximately 200,000 jobs.
However, remarks made by Federal Reserve Chair Jay Powell on Wednesday in New York also had a significant impact. Powell emphasized that the U.S. economy is in "very good shape," with risks to the labor market diminishing. This has raised concerns among investors that the upcoming jobs report could outperform expectations, potentially weakening gold’s outlook further.
From a technical perspective, the focus is on the descending wedge channel. If sellers manage to defend the resistance levels within this channel, the downtrend may persist. The next projected targets for the sell-off are $2,605, $2,547, and $2,471, respectively.
Share your thoughts, opinions, and questions—let's discuss what’s unfolding in the market!
GOLD--> The bears are gaining strength! Next target: 2605OANDA:XAUUSD is declining after a false breakout of the resistance range. The fundamental backdrop is mixed and still does not allow for a clear medium- and long-term strategy to be formed. But!...
Trump's tariff policy and rising geopolitical tensions are influencing metal prices. Against the backdrop of a strengthening dollar and expectations of a Fed rate cut, gold prices are declining and confirming the market's structure.
Looking ahead, all eyes will be on U.S. employment data as the country will release multiple job-related figures ahead of the Non-Farm Payrolls (NFP) report on Friday.
From a technical standpoint, we have a trend to watch after leaving the rising channel support and the 2636 area, reflecting the prevailing bearish sentiment.
A breakout below 2636 could trigger aggressive selling against the backdrop of a newly strengthened dollar. However, the possibility of a retest of the area of interest before continuing the downward trend cannot be ruled out. Gold prices are expected to decline and reach levels of 2610 and 2596, respectively.
Alikze »» WIN | Breaking the necklineIn the weekly time, after a complete correction cycle, after the failure of the dynamic trigger, it has entered an upward phase, and the green box can be considered as a support for the continuation of the upward path of this currency. The first supply zone must be broken to continue, which will at least have the ability to return to the 0.0017900 zone. Therefore, if the green box does not break to the bottom and does not stabilize to the bottom, the specified goals will be reachable.
If the behavior and structure of the post changes, it will be updated.
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Bit Digital, Inc. ($BTBT): High-Risk, High-Reward OpportunityBit Digital, Inc. ( NASDAQ:BTBT ): High-Risk, High-Reward Opportunity
Trade Setup:
- Entry Price: $4.30
- Stop-Loss:** $3.34
- Take-Profit Target: $8.40
- Long-Term Target: $16.77
Rationale:
Bit Digital, Inc. is a digital asset mining company focusing on Bitcoin. The stock has exhibited significant volatility, often influenced by the performance of the cryptocurrency market. This setup presents a high-risk, high-reward opportunity, appealing to traders with a higher risk tolerance.
Financial Performance:
In Q3 2024, Bit Digital reported a net loss of $2.69 million, with total revenue of $98 million over the trailing twelve months. The company's financial performance is closely tied to Bitcoin's market dynamics.
Volume and Short Interest:
The stock has experienced increased volatility, correlating with Bitcoin's price movements and recent company expansions. The acquisition of renewable energy assets reflects a strategic move towards sustainable operations.
Analyst Ratings:
Analyst sentiment is mixed, with some maintaining a "Buy" rating and price targets around $6.00, indicating potential upside from the current price.
Risk Management:
Given the stock's volatility, strict adherence to the stop-loss at $3.34 is crucial to manage potential losses. The take-profit target of $8.40 offers a favourable risk-reward ratio, but traders should be prepared for significant price fluctuations.
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
What do you know about Bitcoin?Dea Gents,
Agrresive bearish displacement portraying potential Draw On Liquidity to the breaker block with confluence :
1) BB
2) DOL
3) BISI
4) PD Array
Let me know your thoughts, and good day to you all.
