EURCAD Testing Key Resistance Zone - Short Setup PotentialOANDA:EURCAD is testing a significant resistance zone, marked by historical price rejections and strong supply on the 4H timeframe. Given the overextended move into resistance, we could see a reversal if the price shows clear signs of rejection. Look for bearish confirmation signals such as a pinbar, long upper wicks, or bearish engulfing candles. If sellers regain control at this level, I anticipate a move downward toward the 1.49110 level.
Signals
Gold---> Change in fundamentals. Strong resistanceDear friends, what are your thoughts on gold?
Overall, gold has seen a significant increase yesterday, with a price rise surpassing the 2720 level. It is currently trading at a new high of 2728, showing strong gains for the day. So what reasons and factors have driven this?
Regarding the influencing factors: Safe-haven money flows have strengthened following statements about tariff policies from former President Trump, along with expectations that the Federal Reserve (Fed) will continue to cut interest rates. These factors have put pressure on US Treasury yields, creating positive momentum for gold. However, risks from the mild recovery of the USD and optimistic risk sentiment in the market are somewhat restraining stronger upward momentum.
Regarding new prospects for gold: On the H4 chart, according to Joe's personal view, gold is currently receiving strong support at 2620. Breaking below this level would lead to price decreases, while maintaining it would result in price increases. Upon careful observation, it's noteworthy that the Relative Strength Index (RSI) is trending downward in the bullish zone, indicating potential momentum changes and the revival of correction possibilities. If a correction occurs, we cannot rule out the possibility that gold will utilize short-term momentum to test the area of interest at the upper boundary within the bullish channel, from which a decline may occur.
Best regards, Joegoldwave!
EURUSD Top of the Channel Down. How to trade this.The EURUSD pair gave us a solid short-term buy last time (January 13, see chart below) that easily hit the 1.02850 Target:
The price remains near the top of the 5-week Channel Down and technically this is a sell signal. Our Target is 1.01250, which is the -2.30% minimum decline that has taken place within this pattern as a Bearish Leg.
If the price rises more however and breaks above the 4H MA200 (orange trend-line), it will be the first time to do so since October 01 2024, and a technical buy signal. In that case, take the loss on the sell and go long instead, targeting 1.06250, which is both marginally below the starting level (Resistance 1) of the Channel Down, as well as significantly below the 2.0 Fibonacci extension.
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UAL United Airlines Holdings Options Ahead of EarningsIf you haven`t bought UAL before the previous earnings:
Now analyzing the options chain and the chart patterns of UAL United Airlines Holdings prior to the earnings report this week,
I would consider purchasing the 105usd strike price Puts with
an expiration date of 2025-1-24,
for a premium of approximately $4.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NAS100 Will Go Higher! Buy!
Please, check our technical outlook for NAS100.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 21,543.12.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 22,044.19 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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The global economy faces many uncertainties.Gold prices rebounded overnight as Donald Trump is likely to delay imposing tariffs. According to the Wall Street Journal, Trump issued a presidential memorandum directing federal agencies to investigate trade deficits and address unfair trade and currency policies from other countries. However, the directive does not include imposing new tariffs on the first day of his inauguration, which many countries have feared.
Fears of tariffs and a global trade war have significantly affected the precious metals market. Last week, gold prices rose above $2,700 an ounce, while silver prices returned above $30 an ounce, reflecting the urgency of the market.
Some analysts have attributed the rise in gold and silver prices to disruptions in the global supply chain as the precious metals are moved from London to New York. Donald Trump’s tariff threats have created huge volatility in the futures and physical asset swaps market, as banks have moved large amounts of metals to the US to avoid the risk of potential tariffs.
🔥 XAUUSD SELL 2726 2628🔥
✔️TP1: 2710
✔️TP2: 2700
✔️TP3: OPEN
🚫 SL: 2736
SILVER at Key Resistance Zone – Potential Correction Ahead?OANDA:XAGUSD is at a significant resistance zone. This level that has previously served as strong resistance. Price action within this zone suggests the possibility of a reversal if sellers regain control. The market structure points to potential trend exhaustion, with buyers losing momentum as the pair moves closer to this resistance area.
If the price confirms a rejection from this zone, signaled by bearish candlestick patterns (e.g., bearish engulfing or long wicks), I anticipate a downward move toward the 30.44094 level. This target is realistic level for a potential correction.
NZD-CHF Bullish Breakout! Buy!
Hello,Traders!
NZD-CHF was trading
Beneath the falling
Resistance line but now
We are seeing a bullish
Breakout, pullback and a
Rebound so we are locally
Bullish biased now and we
Will be expecting a further
Local bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
IBKR Interactive Brokers Group Options Ahead of EarningsIf you havne`t bought IBKR before the previous earnings:
Now analyzing the options chain and the chart patterns of IBKR Interactive Brokers Group prior to the earnings report this week,
I would consider purchasing the 200usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $3.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ISRG Intuitive Surgical Options Ahead of EarningsIf you haven`t bought ISRG before the rally:
Now analyzing the options chain and the chart patterns of ISRG Intuitive Surgical prior to the earnings report this week,
I would consider purchasing the 595usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $19.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ Major Lower Highs break-out just took place!Nasdaq (NDX) broke on Friday above the Lower Highs trend-line that started more than a month ago on the December 16 2024 High that initiated the recent correction. This has technically been a Bearish Leg within the +2 year Channel Up and every time such a structure broke above its Lower Highs trend-line, a strong rally followed.
At the same time, the 1D MACD just completed a Bullish Cross below the 0.0 neutral level and out of the 9 previous time this took place, it only failed to produce an immediate rally 2 times.
We technically see that the current Bullish Leg that started on the August 05 2024 Low, isn't over yet, so we still expect it to complete a +47% to +48% rise before a stronger correction. As a result, our Target is 25000.
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Gold hits key resistanceMarkets are focused on the policies of US President Donald Trump, who took office on Monday. Bloomberg reported: “Trump’s policies have caused volatility in markets, traders are heeding warnings about currencies...
Trump announced plans to impose tariffs of up to 25% on products imported from Mexico and Canada by February 1. He also promised to accelerate US energy development and lift restrictions on oil drilling in most of the US coast.
Asian and European stock markets traded mixed overnight. US stock indexes are expected to open higher and hit two-week highs when trading in New York begins.
In key overseas markets, Nymex crude oil futures fell sharply, trading around $76.00 a barrel. The yield on the benchmark 10-year US Treasury note is currently at 4.582%. There is no major US economic data due on Tuesday.
Technically, the February gold futures are tilted to the upside, giving the short-term bulls an advantage. The buyers’ objective is to push the price above the key resistance at the December high of $2,761.30. Conversely, the sellers want to push the price below the strong support at $2,650.00.
XAUUSD One Resistance remains before it marches to $3000.Last week's call on Gold (XAUUSD) gave us an excellent pull-back buy entry on the 4H MA50 (blue trend-line) and reached not only the top of the Channel Up but almost Resistance 1 as well:
Reaching Resistance 1 has always been a strong bullish signal for the long-term Channel Up that started more than 1 year ago on the October 06 2023 Low. As you can see, both two times that the price broke above the Triangle pattern of its Bearish Leg and tested Resistance 1, it eventually broke it, confirming the new Bullish Leg.
All three break-out Legs have 1D MACD Bullish Crosses to show for. With both previous Bullish Legs peaking upon at least a +21.85% rally, we expect Gold to hit $3000 minimum by April.
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Hi chances on reversalMorning folks,
So, by introducing $Trump Token, old Donny has put the start of global US Dollar devaluation. And Melania probably will add today...
All our short-term targets are done - weekly grabbers and H&S failure has worked fine, BTC has challenged the top of 108K. We consider this action as hype and emotional. Mostly due euphoria around D. Trump inauguration.
Due to oversold on Monthly and Daily time frames, chances on reversal are significant. So we intend to watch for DRPO "Sell" pattern on weekly chart.
Still, Donny could tell us a lot today, and madness could continue a little bit. We do not exclude that BTC could try to reach nearest upside extension around 113.5K before reversal starts.
We do not call right now for taking short positions, let's see what will be on Thu, prefer to wait for patterns and signs for reversal first. But we call to consider long positions close or, at least tight stops around them.
Take care.
GOLD Is Bullish! Long!
Take a look at our analysis for GOLD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2,706.25.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,790.68 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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#SOL.TRUMP'S TOKEN IS BEING SOLD - SOLANA IS FALLING! 20.01.2025BYBIT:SOLUSDT
#SOL 4H
Hey lovelies! 🌸
Solana has broken its ATH, and all thanks to the Trump token launched on the Solana blockchain! 🐥✨
The choice of Solana isn’t random – its high liquidity and popularity among major players are key factors that could fuel further growth, not only for TRUMP but also for SOL itself. 💎
If you’re considering Solana for spot or futures positions, watch for a retracement to the range of 231$ - 205$ (if we get it, fingers crossed 🤞), with additional entries around 178$ - 168$. I’ve already set my pending orders, all marked on the chart.
My Setup for SOL:
EP:
1️⃣ 231$
2️⃣ 205$
3️⃣ 202$
TP:
1️⃣ 264$
2️⃣ 296$
3️⃣ 331$
SL: 154.31$
I’m aiming for 300$ - 400$ as my long-term targets, and I truly believe Solana has what it takes to shine even brighter. In the next 10-14 days, I expect clear structure formation, likely a sideways movement before an impulsive breakout.
As always, DYOR (Do Your Own Research) and trade wisely! 💖
Hugs,
Your crypto girl