USDJPY: Uptrend Remains IntactHello everyone!
USD/JPY is finding fresh demand alongside the US Dollar in the Asian session on Thursday. New measures in the Chinese real estate market disappointed and strengthened the safe-haven greenback. The US Retail Sales data will now be in focus, and looks vulnerable.
However, in the short term, with the trend still intact and because of the principle of "trend is your friend", Ben predicts that the price will correct slightly to test the 34 and 89 EMA before continuing to strengthen further in the near term.
What do you think about this major pair today?
Signals
Gold Nears $2,700 on Election UncertaintyThe price of gold continues its bullish run, nearing $2,700 per ounce due to uncertainty surrounding the U.S. elections, despite the strength of the dollar and rising Treasury yields. Political uncertainty is increasing demand for the precious metal, considered a safe haven, as polls show a tight race. Additionally, the recent decision by the ECB to cut interest rates temporarily strengthened the dollar, but this has not prevented gold from maintaining its positive momentum. Better-than-expected economic data in the U.S., such as increased retail sales and the Philadelphia Manufacturing Index, also supported the dollar, but these factors were not enough to reverse gold’s trend. From a technical standpoint, moving averages, particularly the 20-day SMA around $2,649.50, continue to provide support to the bullish trend, while the 100-day and 200-day SMAs remain far below, confirming persistent buyer interest. Technical indicators suggest further upside, though minor short-term corrections may occur, potentially offering new buying opportunities.
Gold Bulls in Control: New ATH Expected SoonAs discussed in Monday's analysis, Gold is likely to reach a new all-time high this week, and I still hold this view.
After a brief dip that corrected last week's gains, the bulls regained control.
At the time of writing, the price stands at 2677, surpassing the local resistance level of 2667 and nearing the previous ATH of 2685.
My strategy remains to buy on dips, and in terms of targets, we could see Gold trading above 2700 in the coming days(if not even today)
GOLD: Market Is Looking Up! Buy!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 2,700.385$
Wish you good luck in trading to you all!
SILVER: Move Down Expected! Sell!
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 downside. So we are locally bearish biased and the target for the short trade is 31.51115$
Wish you good luck in trading to you all!
DXY: Local Correction Ahead! Sell!
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 downside. So we are locally bearish biased and the target for the short trade is 103.572
Wish you good luck in trading to you all!
Great bullish momentum in Nas100 Hello traders,
As you can see, there is a strong amendment, a bullish momentum today in NASDAQ, giving us a great opportunity for a bullish a long train.As you can see from the chart, there is.an inclination to go up upward to reach the daily level of 20474 which is.A higher.Target, So please keep in mind that this is a trade that we took pre market since early in the morning the market showed some significant volume.With the.Upside move of the standard deviation. Also a breakthrough of the 50 moving average.That gave us more confluence that the market is going higher to reach the daily level. So please keep in mind that today we have an.Economic data that will be released today for the.Uh, uh, what is it? Umm, the uh.Excuse me? Initial jobless claim is gonna be released today and if it is positive, so we might see an upside down of the trend where we'll have like.a move downward or a reversal of the trend if so we should be looking for 20124 level which is a previous daily level which is well respected. And as you can see from the chart, those lines are very very.Helpful that show us it's like a road map for the price action to be moving.From level to level, this is how we can make money off of.It's pretty simple, but it's really effective, so please pay attention to those levels and let's make money together..
EURUSD: Strong Bullish Bias! Buy!
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 upside. So we are locally bullish biased and the target for the long trade is 1.08508
Wish you good luck in trading to you all!
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
DOGEUSD Hit its 1DMA200. Rejection or breakout? Pick your poisonDogecoin (DOGEUSD) hit yesterday its 1D MA200 (orange trend-line) for the first time since July 29. A little before that date on the last High (July 21), the Lower Highs trend-line started, which is currently exactly on the 1D MA200.
As a result today's pull-back is so far a double level rejection (1D MA200 and Lower Highs trend-line). As long as it stays intact, there are more probabilities to pull-back towards the 1D MA50 (blue trend-line) again, which held twice this month already (closed all candles above it). In that case, our Target is 0.11000.
If on the other hand the 1D MA200 breaks first, we will accept the loss on the short (tight SL anyway) and buy the break-out targeting 0.14380 (Resistance 1). The 1D MACD formed a Bullish Cross on Monday, which favors the bullish break-out.
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US30 Will Fall! Sell!
Take a look at our analysis for US30.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 43,093.6.
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 42,352.4 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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BITCOIN Will Go Lower From Resistance! Short!
Please, check our technical outlook for BITCOIN.
Time Frame: 45m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 67,305.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 66,683 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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GBPJPY Will Go Lower! Sell!
Take a look at our analysis for GBPJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 194.510.
The above observations make me that the market will inevitably achieve 193.839 level.
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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ICPUSD Trade the break-out of this Triangle.Internet Computer (ICPUSD) is trading within a Triangle pattern since the July 05 bottom, with the 1D MA50 (blue trend-line) acting as its pivot. The 1D MA200 (orange trend-line) is almost right on its top (Lower Highs trend-line).
Our approach on such patterns is to trade to the direction of the first break-out. A break above the 1D MA200 would be a bullish break-out signal, targeting 21.00 (Resistance 1), while a break below the Higher Lows trend-line would be a bearish break-out signal, targeting 6.00 (Support 1).
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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Lingrid | NZDCAD short from PSYCHOLOGICAL levelThe price perfectly fulfilled my previous idea. FX:NZDCAD is making lower lows and lower highs, indicating a bearish trend. Recently, the price action showed a pullback from the support level and is currently moving sideways after the bearish momentum. I anticipate that the market may consolidate between the levels of 0.84000 and 0.82500 because the markets usually move sideways after the strong movement. Therefore, I expect the price to bounce off both the psychological level and the downward trendline. My target is support level at 0.82780
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻