GBP-JPY Local Bearish Bias! Sell!
Hello,Traders!
GBP-JPY made a retest
Of the horizontal resistance
Level of 196.000 from where
We are already seeing a bearish
Reaction and we will be expecting
A further local move down
Sell!
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Check out other forecasts below too!
Signals
DXY Will Move Higher! Buy!
Here is our detailed technical review for DXY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 103.533.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 103.703 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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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 trading around a solid horizontal structure 2,708.707.
The above observations make me that the market will inevitably achieve 2,867.874 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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EURUSD Is Very Bearish! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.086.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.084 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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GBPUSD Will Go Up From Support! Buy!
Here is our detailed technical review for GBPUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.298.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.302 level.
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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EURUSD: Market Is Looking Down! Sell!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 1.08455
Wish you good luck in trading to you all!
GOLD: Move Down Expected! Sell!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,698.780$
Wish you good luck in trading to you all!
DXY: Local Correction Ahead! Buy!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 103.703$
Wish you good luck in trading to you all!
SILVER: Strong Bullish Bias! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 32.50309$
Wish you good luck in trading to you all!
BITCOIN 'Angle Theory' unlocking this Cycle. Is $140k the top?Exactly 1 year ago (October 02 2023, see chart below), we published a renewed approach on Bitcoin (BTCUSD) historic Cycles, using the 'Angles Theory' on the logarithmic curve to make a more accurate roadmap of the current Cycle:
Back then, the price was 'just' $28000 and a few months later it catapulted to almost $74000. Below we present again the basics of that analysis, in order to refresh your memory.
** Cycle Peaks and angles **
BTC's Cycle peaks in historical order have been $32, $1250, $19800, $69800. They all made contact with the Logarithmic top Growth Curve, a historic pattern that is holding since BTC's inception.
Every peak-to-peak measurement appears to be roughly half of the previous peak. The automatic angle measurements on the (red) dotted lines may differ based on the screen's display and how the horizontal/ vertical axis move but on ours (and the screenshot of the idea) goes like this: 42°, 22°, 11°. We estimate a 7° angle for the new Cycle peak on the log Growth Curve.
** Next Cycle peak? **
If we take all previous Cycles and apply them to fit the new price action towards the top of the Log Growth Curve, that 7° line gives a projected Cycle peak within $140000 - 160000 (slightly updated from our study a year ago). It is also interesting to apply the same angle principle to the Cycle bottoms. We can see that those (green dotted lines) can also roughly be half of what the previous bottom was (though the variations are higher). The new bottom is estimated to be on a 8° angle.
Remarkably the angles of the tops and bottoms of each Cycle have approximately the same measurements, indicating that despite being logarithmic within a curve, they can be viewed separately in Channels.
** Last year compared to now **
So how has this Theory worked out compared to last year? Well beyond doubt, the Cycle was much more aggressive that the previous two (blue and orange) due to mainly the Bitcoin ETF launch, and is certainly more similar to the first Cycle (black). That suggests that it will top by January 2025 but the Sine Waves Tops, which have caught Bitcoin's cyclical peaks with incredible accuracy, indicate it will be around November 2025. As you can see, this is exactly where the projection of the blue and orange fractals show.
But what do you think? Will the current Cycle peak at the end of 2025 and if show will it be at a minimum of $140000 and a maximum of $1600000, as the 7° angle on the Log Curve suggests? Feel free to let us know in the comments section below!
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Lingrid | GOLD hits Another ALL-TIME High LevelsThe price perfectly fulfilled my previous idea. It hit the take profit level. OANDA:XAUUSD has reached another all-time high and has even ascended further. Typically, after breaking through key psychological levels, price action tends to move another $20 to $30. I believe this creates an opportunity for a trend continuation trade. I expect the market to either move below the 2700 level or retest the previous day's high, followed by an extension. If the price dips below the 2685 then we can expect deeper pullback. My goal is resisatnce zone around 2720
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USDCHF: Bullish Trend Continues 🇺🇸🇨🇭
USDCHF is currently trading in a strong bullish trend.
After setting a new high, the market started to consolidate
within a narrow parallel channel on a 4H.
Its resistance violation signifies a continuation of an up movement.
I expect growth to 0.8693
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XAGUSD One of the best investments you can make for 2025.Silver (XAGUSD) has successfully followed up the May - August 2024 Bull Flag with a green September 1M candle that recovered all loses. Having broken above its Resistance, the trend looks more bullish than ever, especially on the hyper long-term 1M time-frame.
We can view the whole sequence since 2021 as a Cup and Handle (C&H) pattern. Interestingly enough, this is not the first time we see a similar pattern historically. Based on the 1M RSI fractal, we can see similar Arc patterns formed in 2008/09, 2000/03 and even 1974/78.
All of them rose to the 2.0 Fibonacci extension level from the Cup's top. On the current pattern at hand, the 2.0 Fib is a little higher than 50.000. Keeping in mind that the new Cycle of Rate cutting has already started by the Fed, buying a stable asset such as Silver under this economic environment, is perhaps one of the best investments we can make for 2025.
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Lingrid | TONUSDT continues MOVING sideways above 5.00The price perfectly fulfilled my last idea. It hit the target level. OKX:TONUSDT is currently moving sideways, hovering above the psychological level of 5.00, and continually bouncing off this key point. You can see that the price action is forming an inverse head and shoulders pattern. This formation suggests that the market may be poised for an upward move towards higher levels. Additionally, the market is testing the downward trendline, and a breakout above this line could lead to a bullish trend. Overall, I anticipate a bullish move as long as the price stays above 5.00. My goal is resistance around 5.520
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
FETUSD on the Channel Up bottom. Buy opportunity.The Artificial Superintelligence Alliance (FETUSD) has been trading within a Channel Up since the August 05 bottom. The price is currently at the bottom of the Channel Up and around the 1D MA50 (blue trend-line), where the last Higher Low was priced (September 06).
The proper Support is offered by the 1D MA100 (green trend-line), marginally below. This price action appears to be an attempt to form the new bottom, but since the previous two Bullish Legs were confirmed upon a 1D MACD Bullish Cross, you may wait for such confirmation.
The Target is at least 2.000 (proportional % rise compared to the previous Bullish Legs. Since however the 1D MA200 (orange trend-line) provided the last rejection on the September 25 Higher High and is essentially holding as Resistance since June 27, you may wait until this breaks (candle closing above it) and then commit to a long. Trade based on your risk appetite.
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Gold (XAU) Technical AnalysisGold Daily Chart – Breakout from Descending Broadening Wedge
The gold marketplace has damaged out of the descending broadening wedge sample at the each day chart. The charge keeps bullish momentum inside the ascending broadening wedge sample, with a goal variety of $2800-$3000.
Gold 4-Hour Chart – Price Target of $2,745
On the 4-hour chart, the charge is breaking above the midline of the ascending channel. This charge power suggests the short-time period goal of $2,745, measured from the ascending channel resistance line. The RSI tactics the overbought region. Therefore, expenses would possibly consolidate earlier than the following rally.
💎 TVC:GOLD sell 2710 - 2712💎
✔️TP1: 2690
✔️TP2: 2680
✔️TP3: OPEN
🚫SL: 2720
💎 TVC:GOLD buy 2690 - 2692💎
✔️TP1: 2710
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2683
Gold Soars Past 2700: Key Levels to Watch for BuyingAs anticipated and detailed in this week's analysis, OANDA:XAUUSD has reached a new all-time high and is now trading comfortably above the 2700 mark.
The bullish momentum remains exceptionally strong, with no signs of a potential reversal at this point.
Despite the recent leg up exceeding 1000 pips, it remains extremely risky to attempt selling in the face of such a powerful uptrend, especially when there is no resistance level to use as a reference.
Fighting against this momentum could result in unnecessary risk.
With that in mind, my strategy is to look for opportunities to buy on dips. A potential buying zone could emerge around the 2680 level, which may provide a more favorable entry point for those looking to join the bullish trend.
Lingrid | GOLD pullback and CONTINUATION tradeThe price perfectly fulfilled my previous idea. It hit the TP level. OANDA:XAUUSD has broken and closed above the downward channel, which is a strong bullish signal. As noted, the price is approaching the all-time high (ATH) level, and there is a possibility that the market may roll back from that level as traders take profit or reevaluate positions. However, given the bullish momentum the price has gained, it is likely that the market will continue moving higher even if there is a slight pullback. If the price does pull back, watching for signs of rejection near key levels could provide confirmation for further upside. My goal is resistance zone at 2698
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Lingrid | TRXUSDT bullish TREND Continues. Long from SUPPORTThe price perfectly fulfilled my last idea. It hit the TP. BINANCE:TRXUSDT has formed a well-defined ABC extension pattern and is creating higher highs and higher lows, which indicates bullish momentum in the market. The price reached the psychological level of 0.1600 but then pulled back. Before the upward extension, the price tested the level at 0.1575 twice, highlighting the importance of this support level. This area can be considered a potential swap zone, where buying and selling pressures may interact significantly. I expect the price to retest the support zone before resuming the upward movement, maintaining the current bullish trend. My target is resistance zone around 0.1630
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | DOGEUSDT potential Long Trade from SUPPORT zoneThe price perfectly fulfilled my previous idea. It reached the target level. BINANCE:DOGEUSDT continues to trade above the psychological level of 0.1000. The daily timeframe shows that the price action has created a higher high and higher low, indicating potential bullish momentum. However, I believe that the overall trend is more sideways rather than distinctly bearish or bullish. Historically, the market has formed an impulse leg from the 0.1000 to 0.1050 zone. Therefore, I anticipate some rejection in this area, followed by an impulsive bullish move from the downward trendline and the channel border. My target is resistance zone at 0.12000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
USD/JPY Towards 160 if the Fed doesn’t cut!USD/JPY is currently trading near the 150.00 level, under pressure due to verbal intervention from Japanese authorities and a pullback in the US Dollar. The pair is navigating a cautious environment, as mild risk aversion strengthens the safe-haven Japanese Yen. However, despite this pressure, the pair maintains its broader upward trend after breaking a key resistance level. Fundamentally, USD/JPY continues to find support from strong US retail sales data and a resilient labor market, along with rising US Treasury yields. This has led investors to reduce the likelihood of a 25-basis-point rate cut by the Federal Reserve at the November meeting, keeping the dollar supported and the pair on a bullish trajectory.
Refreshing all-time level, GOLD is eligible to continue risingAs uncertainty about the US presidential election and war in the Middle East push investors to seek safe haven assets, and the monetary policy environment that tends to lower interest rates are the main factors pushing push up gold prices.
After the Federal Reserve cut interest rates by 50 basis points last month, gold prices are set to gain more than 30% this year, driven by the prospect of further rate cuts and geopolitical uncertainty.
Since gold does not yield interest, cutting interest rates could reduce the opportunity cost of investing in gold and increase its appeal.
On the geopolitical side, Prime Minister Benjamin Netanyahu said Israel will continue to fight until all hostages captured by Hamas last year are released. During times of geopolitical and economic uncertainty, investors often seek the safety of gold.
Israel announced that Hamas leader Sinwar was dead
On October 17 local time, Israeli media quoted senior Israeli officials as saying that Hamas leader Yahya Sinwar was killed by the Israeli army.
Earlier on the same day, the Israel Defense Forces and the Israel National Security Agency (Sin Bet) issued a joint statement saying that, according to preliminary reports, the Israeli army killed 3 Palestinian armed personnel during the attack. military operations in the Gaza Strip. The Israel Defense Forces and the Israel General Security Agency are verifying whether one of them is Hamas leader Yahya Sinwar.
Sinwar masterminded Hamas attacks on southern Israel, sparking a year-long war in Gaza.
Concerns about the future of the US government are also driving demand for precious metals. With three weeks to go until the election, polls show the two candidates tied, creating uncertainty.
On Thursday, economic data released by the United States supported the view that the economy will maintain strong growth in the third quarter. Signs of economic recovery may not prevent the Fed from cutting interest rates once next month, but they will reinforce expectations of a 25 basis point rate cut.
Data released by the U.S. Department of Commerce on Thursday showed retail sales rose 0.4% month-over-month in September, better than the 0.1% gain in August and better than expected. will increase by 0.3%.
In addition, the number of Americans applying for unemployment benefits unexpectedly decreased last week. According to data released by the U.S. Department of Labor on Thursday, initial jobless claims fell by 19,000 to 241,000 in the week ended October 12. Economists surveyed had forecast The average number is 259,000.
Bloomberg said Western investors also contributed to driving up gold prices. Western investors largely sat on the sidelines in the first half of the year as demand surged in Asia. The Federal Reserve's shift to a looser monetary policy has increased the appeal of gold-backed exchange-traded funds (ETFs), with their gold holdings on track to increase. 5th consecutive monthly growth in October for the first time since 2020. Longest capital flow since the beginning of this year.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold has reached its target level of $2,711 after strong gains and is on track for a fourth consecutive day of gains.
Structurally, gold is still on a short-term uptrend, noticed by price channels, and even in the medium and long term, it is also increasing with price channels as the trend.
Once gold breaks the 2,711 USD price point of the 0.786% Fibonacci extension, it will have the prospect of continuing to increase in price with the target level then being around 2,741 USD the price point of the 1% Fibonacci extension.
Regarding momentum, the Relative Strength Index is pointing up with a significant slope and has not yet completely reached the overbought level, showing that there is still room for price increases ahead, with absolutely no signs of possible reduced corrections and showed solid upward momentum in the market.
As long as gold remains within the price channel it will remain bullish in the short term, notable technical levels are listed below.
Support: 2,700 – 2,688USD
Resistance: 2,711USD
SELL XAUUSD PRICE 2741 - 2738⚡️
↠↠ Stoploss 2744
→Take Profit 1 2633
↨
→Take Profit 2 2628
BUY XAUUSD PRICE 2664 - 2666⚡️
↠↠ Stoploss 2660
→Take Profit 1 2671
↨
→Take Profit 2 2676