Lingrid | EURCAD long from SUPPORT zoneThe price perfectly fulfilled my last idea. It hit the target. FX:EURCAD is showing a sideways trend, with lower highs and higher lows. The price is moving toward the key level of 1.49000 and the edge of a channel. On the 1H chart, the market is forming an ABCD pullback, which often leads to a price reversal after completion. I think we will see short term bullish momentum if the price rejects the support level. The support level has been respected multiple times, and I anticipate that the price will bounce off this support and then retest the downward trendline. My goal is resistance zone around 1.49780
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Signals
USOIL Is Very Bearish! Short!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 70.339.
Taking into consideration the structure & trend analysis, I believe that the market will reach 69.359 level soon.
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.
Like and subscribe and comment my ideas if you enjoy them!
NZDJPY Is Going Down! Sell!
Here is our detailed technical review for NZDJPY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 88.668.
Considering the today's price action, probabilities will be high to see a movement to 86.980.
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.
Like and subscribe and comment my ideas if you enjoy them!
Lingrid | BNBUSDT biding TIME Before the Next BIG MoveBINANCE:BNBUSDT is showing strong bullish momentum on the daily timeframe, consistently making higher highs. Meanwhile, on the 4H timeframe, price action shows a sideways movement following a surge that broke out of a prolonged consolidation zone. The price is forming a bullish flag pattern which suggests that this could be a continuation of the upward trend. Currently, the price is testing a downward trendline, and if it breaks and closes above this trendline, it could lead to an extension of the recent upward movement. Additionally, the daily timeframe indicates that liquidity was taken below the previous low at 640, which often signifies increased buying pressure, supporting the potential for a move higher. My goal is resistance zone around 745.00
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
FTM. Golden Entry Opportunity: Growth Potential Intact.BINANCE:FTMUSDT
Growth potential remains.
It’s still a good entry point for both spot and futures trades. The nearest target for a futures trade is $1.1135–$1.3748, while for a spot trade, it’s $1.3748–$1.6888.
A more conservative entry can be considered in the $0.9800–$0.9000 range—ideal for maximum comfort.
DYOR.
DOT. Consolidation & Recovery. Ready for the Next Breakout.BINANCE:DOTUSDT At the moment, I believe most altcoins have hit their lows, making this an excellent opportunity to look for entry points. After reaching their minimums, prices have entered consolidation phases and started to recover gradually. I expect a return to the structure, brief sideways trading, and a subsequent upward breakout.
The $7.5–$6.7 range looks quite appealing for buys, with targets at $9.712–$11.649.
DYOR.
GRASS. Support Tested, Resistance in Sight. 12/24/24BYBIT:GRASSUSDT
The asset price has returned to the price range where support from buyers was previously observed. Support is a level where buyers are willing to purchase the asset, halting its decline.
In this case, the range is $2.3437–$1.9320, making it a safe zone to accumulate spot positions, at least targeting the nearest resistance level at $3.4860. Opening a swing position can also be considered.
I expect a reversal pattern to form at this support level, signaling a potential trend shift from bearish to bullish (the structure currently forming is highlighted on the chart).
Projected movement is outlined on the chart.
DYOR.
XAUUSD on the way to 2900 Price LevelThe currency pair in focus is XAU/USD, representing the exchange rate between gold (XAU) and the US Dollar (USD). The current price of XAU/USD is 2611, meaning one ounce of gold is valued at 2611 US Dollars. The target price is 2900, indicating a projected increase in gold's value to 2900 USD per ounce. The expected gain is 2000 pips, with each pip representing a small price movement in the currency pair. The pattern being observed is a Symmetrical Triangle, a chart formation that indicates a period of consolidation. In this pattern, the price moves between converging trendlines, suggesting that the market is uncertain and waiting for a breakout. A breakout occurs when the price breaks above the upper trendline or below the lower trendline, signaling a strong price movement. Traders are watching for this breakout, as it could push the price toward the target of 2900. The symmetrical triangle pattern typically leads to a significant price movement once the breakout occurs, making it a key technical indicator. This setup is used by traders to anticipate the direction of the next major move in the market.
EUR-NZD Will Keep Growing! Buy!
Hello,Traders!
EUR-NZD is trading in an
Uptrend and the pair is
Making a bullish rebound
From the horizontal support
Of 1.8371 so we are bullish
Biased and we will be
Expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
LPTUSDT Ecpecting 30%+ Gain LPTUSDT, currently trading at $18. Analysts predict a target price of $26, indicating a potential gain of over 30%. This forecast is based on the coin's price movement, which is following a support and resistance pattern. Specifically, the price is bouncing off the support level, suggesting a potential upward trend. Investors may consider buying LPTUSDT at its current price, with the goal of selling at the target price to realize the predicted gain. To manage risk, a stop-loss order can be set below the support level. Overall, the investment strategy for LPTUSDT carries a medium to high level of risk.
GOLD Will Fall! Short!
Take a look at our analysis for GOLD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2,618.93.
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 2,576.56 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.
Like and subscribe and comment my ideas if you enjoy them!
GBPCHF Will Go Lower From Resistance! Sell!
Please, check our technical outlook for GBPCHF.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.128.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.122 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.
Like and subscribe and comment my ideas if you enjoy them!
Lingrid | AUDCHF bearish Continuation from RESISTANCE zoneThe price perfectly fulfilled my previous idea. It reached the target zone. FX:AUDCHF is currently trading within a downward channel and has recently made a lower low. The price is now approaching the resistance zone and the upward trendline after bouncing off the support. I expect a pullback and a retest of the support level, which could lead to further downward momentum. On the daily timeframes, the prevailing trend is bearish, indicating that the market is likely to maintain its downward trajectory. I expect a potential fake breakout of the resistance zone, by taking liquidity above. My goal is the support level at 0.55870
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | PEPEUSDT buying PULLBACK in the BULLISH trendThe price perfectly fulfilled my previous idea. It reached the target. BINANCE:PEPEUSDT made a deep pullback following the double top at the resistance zone. The price broke the support level, creating a long tail bar that indicates a liquidity grab. Currently, the price is retesting the consolidation zone that lasted for more than four months. This scenario suggests a breakout-pullback-retest situation. If the price holds above this consolidation zone, I expect the market to gradually push higher, likely starting next year. Patience will be key as we watch price action for confirmation. My goal is resistance zone around 0.00002340
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
World gold prices slightly decreased as the USD increasedHowever, the precious metal is under some pressure as the dollar index rose sharply and US Treasury yields rose slightly.
The Conference Board reported on Monday that its US consumer confidence index fell to 104.7, down from a revised 112.8 in November. The reading was weaker than expected, with economists predicting the index would be largely unchanged.
“Expectations that consumer confidence would continue to recover were not realized in December, as the index fell back to its two-year average,” said Dana Peterson, chief economist at the Conference Board.
Gold is struggling to find its way amid the holiday lull, said James Hyerczyk, an analyst at FX Empire.
“The Federal Reserve’s hawkish stance and forecast of fewer rate cuts in 2025 are keeping gold under pressure. The precious metal will face key support tests during the holiday week
GOLD → Short to Medium-Term OutlookDear Traders, Ben here!
Recently, gold has been struggling to sustain its peak at $2,633. The bullish momentum for gold has been hindered by several factors, including the Fed's anticipated slowdown in the pace of interest rate cuts moving forward.
On the 1H chart, although the uptrend remains supported and the parallel channel has been broken, there are signs of a potential top forming around $2,633. The current support level stands at approximately $2,618. Should this level be breached, it could drive gold into a deeper decline, potentially reaching $2,603.
GOLD trading liquidity is low during the Christmas holidayAmid sluggish trading during the holiday season, OANDA:XAUUSD decreased slightly, dragged down by the strength of the US Dollar and high US Treasury bond yields. And the market needs to wait for clearer signals from the Federal Reserve's 2025 monetary policy.
Although the Federal Reserve cut interest rates by 25 basis points last week, this signaled fewer rate cuts in 2025, sending gold prices to their lowest since mid-month 11 last week.
While non-yielding gold benefits from the low interest rate environment, the market will need to readjust expectations for the year ahead.
The Federal Reserve's hawkish stance and fewer interest rate cuts in 2025 have weighed on gold prices, and gold will face pressure during the holiday week.
Interest rate cuts initially boosted gold prices, but the Fed's forecast of only two rate cuts by 2025 (down from four in September) sparked a sell-off that sent gold prices to lows. lowest since mid-November.
With economic data limited this week due to the Christmas holiday, gold prices are expected to remain in a tight range. Liquidity remains low, reducing volatility and keeping price action subdued.
Gold has hit multiple record highs this year and is up 27% year to date, its best annual gain since 2010, thanks to strong central bank buying, geopolitical tensions and monetary policy monetary easing by major banks.
President-elect Donald Trump will take office on January 20. The market is about to return to trading in a Donald Trump environment, we cannot forget the trading period when he was in office, how the market fluctuated with his emotions on each line.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold continues to maintain activity below the confluence resistance area noted by readers in yesterday's publication at the upper price channel edge and the 0.618% Fibonacci level, to maintain the trend. main discount.
While the recovery has been limited, gold is also trading above the $2,613 technical level, and gold could fall a bit further with a target of around $2,591 as it is sold below $2,613.
The relative strength index (RSI) is operating below 50, which should be considered a negative signal for the trend of gold prices.
During the day, as long as gold remains below the EMA21, the upper price channel edge and the 0.618% Fibonacci, it remains inclined towards a bearish outlook with notable technical points listed as follows.
Support: 2,613 – 2,600 – 2,591USD
Resistance: 2,634 – 2,643USD
SELL XAUUSD PRICE 2646 - 2644⚡️
↠↠ Stoploss 2650
→Take Profit 1 2639
↨
→Take Profit 2 2634
BUY XAUUSD PRICE 2594 - 2596⚡️
↠↠ Stoploss 2590
→Take Profit 1 2601
↨
→Take Profit 2 2606