EURCAD - Potential Sell From Resistance ZoneEURCAD is testing a major resistance zone that has previously led to significant bearish reversals. The recent bullish momentum into this area increases the likelihood of seller interest.
If bearish confirmation emerges, such as rejection wicks, bearish engulfing candles, or increased selling volume, I anticipate a move toward 1.48608. However, a breakout above this resistance could signal further bullish continuation.
Traders should remain cautious and wait for clear signals of rejection before taking positions. Agree with this analysis? Let’s discuss further in the comments section!
Signals
Platinum – Potential Short Setup with RetestPlatinum is currently trading below a key resistance zone, following a breakdown from the ascending channel. The recent bearish momentum indicates the potential for a continuation lower if the price fails to reclaim the resistance zone.
If the price retests this zone and shows rejection signals—such as bearish wicks, engulfing candles, or decreased buying pressure—it would strengthen the case for a short trade. In this scenario, the next target for sellers would be the $926.94 support zone, where buying interest may re-emerge.
This setup aligns with the broader bearish structure following the channel breakdown. Traders should monitor price action closely at the resistance level for confirmation of rejection before entering short positions.
EURUSD at Key Resistance - Will it Drop to 1.03628?EURUSD is at a critical resistance zone that has consistently acted as a barrier for bullish momentum. This area aligns with prior supply levels and may attract seller interest.
If rejection patterns, such as bearish engulfing candles or long upper wicks, appear, I anticipate a move toward 1.03628. Conversely, a break above this resistance could indicate a shift in sentiment.
Traders should monitor this zone closely and wait for confirmation before entering short positions. If you have anything to add or a different perspective, I’d love to hear from you in the comments!
AUD_USD WILL FALL|SHORT|
✅AUD_USD will be retesting a resistance level of 0.6300 soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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GBPJPY Is Very Bullish! Long!
Here is our detailed technical review for GBPJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 190.065.
Considering the today's price action, probabilities will be high to see a movement to 191.727.
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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USDJPY: Correction before dropping to 153.00-152.00Hello everyone, Ben here!
USDJPY has yet to resume its upward trend. Rumors about potential actions from the Bank of Japan (BoJ) are beginning to surface. Meanwhile, the US dollar continues to gain strength.
The 158.46 level represents a strong resistance zone established by the sellers. Strong expectations for an additional interest rate hike by the BoJ this week are also lending support to the JPY. Overall, this influence appears relatively weak but could still provide significant backing for this currency pair.
In theory, any upward movement of this major pair might be limited due to trade policy risks from the soon-to-be-inaugurated US President Donald Trump, which have constrained any significant bullish moves for the safe-haven JPY.
The focus this week will be on Trump’s inauguration speech on Monday and the highly anticipated two-day BoJ policy meeting beginning on Thursday.
From a technical standpoint, the price is attempting to break out of a major range and test key support levels. A false breakout around the 156.56 level could lead to the price targeting newly formed resistance zones. However, if the price settles below 156.56 or even drops under 155.95, it could trigger strong selling pressure sooner than expected.
Best regards, Bentradegold!
USOIL Bearish Setup: Reversal from Supply ZoneUSOIL is at a significant supply zone, marked by historical price rejections and strong selling pressure in the past. This zone has previously acted as a turning point, where sellers regained control, driving prices lower.
The recent bullish rally has pushed the price into this critical resistance area. However, given the strength of this supply zone and the overextended bullish move, there is a high probability of a bearish reversal if price action confirms rejection (e.g., bearish engulfing candles or long upper wicks signaling selling pressure).
I anticipate a bearish move toward the 75.50 level, which represents a logical target for this setup.This setup aligns with the expectation of a potential correction within the broader market context.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
GBPCHF at Key Support – Bullish Bounce ExpectedGBPCHF is approaching a key demand zone, marked by historical price reactions and strong buying pressure in the past. This area has consistently acted as a turning point, where buyers regained control, driving prices higher.
There is a high probability of a bullish reversal if price action confirms buying pressure (e.g., bullish engulfing candles or long lower wicks signaling rejection).
I anticipate a bullish move toward the 1.11691 level, which represents a logical target within the current market structure.
USD/JPY Under Pressure: Yen Strengthens Amid Bearish MomentumThe USD/JPY pair exhibits a clear bearish inclination, driven by a combination of economic and market factors that are strengthening the Japanese Yen and weakening the US Dollar. Currently, the pair has dropped to approximately 155.60, recording a 0.44% loss for the day, with sellers evidently attempting to push the price further toward critical support levels between 154.90 and 153.15. The downward pressure is amplified by rising expectations of a rate hike by the Bank of Japan, further supported by recent positive data such as improvements in Japan’s core machinery orders, signaling a recovery in capital expenditure. Simultaneously, uncertainty surrounding the economic policies of the Trump administration contributes to a negative climate for the US Dollar, which is already under pressure from a recent slowdown in buying flows.
From a technical perspective, the pair has encountered significant resistance in the 156.55-156.60 region, a level that halted previous recovery attempts and now acts as a key barrier. For a meaningful trend reversal, a sustained breakout above this resistance, followed by consolidation above 157.00, would be necessary to pave the way toward recent highs at 158.00 or even 158.85. However, the likelihood of a downward breakout seems more tangible, considering that the support at 155.25 represents the last defense before a drop toward the psychological level of 155.00 and further toward 154.60 and 153.30.
The current market environment, characterized by reduced trading volumes due to Martin Luther King Jr. Day in the US, suggests caution for traders, as dynamics could quickly shift with the return of liquidity and the announcement of potential monetary or political decisions in both Japan and the US. The combination of positive economic data for Japan and expectations of higher rates positions the Yen in a place of strength, while the Dollar may continue to struggle without a clear positive catalyst. Holding below 155.00 would be a significant signal for bears, indicating an extended downward trajectory toward deeper support levels.
USDZAR - Potential Short from Key Resistance ZoneThe USDZAR pair is currently trading near a significant resistance zone around the 19.10300 level. Historically, this area has acted as a key turning point, where sellers have stepped in to push prices lower. The recent approach toward this resistance suggests a potential bearish scenario if price action confirms a rejection.
A clear rejection pattern, such as bearish engulfing candles, long upper wicks, or other signs of selling pressure, could indicate the start of a downward move. If this scenario unfolds, the price may head toward the 18.62617 target level, aligning with a potential corrective phase in the market.
This setup reflects the broader expectation of a pullback within the existing market structure. Traders should closely monitor price action at the resistance zone for confirmation signals before entering positions.
Feel free to share your thoughts or any additional insights!
CADCHF - Potential Sell From Key Resistance ZoneThe CADCHF pair is approaching a significant supply zone, marked by historical price rejections and strong resistance levels. The current market structure suggests the potential for a reversal at this level if sellers regain control.
I anticipate that if the price confirms a rejection from this supply zone, the market may move downward toward the 0.63128 level. This setup aligns with the idea of trend exhaustion near resistance.
If you have any additional insights or agree with this analysis, feel free to share your thoughts!
XAUUSD - Gold Testing Resistance LevelGOLD is approaching a key resistance zone, which has historically acted as a strong supply area. This zone has previously seen significant price rejections, suggesting that sellers may step in again if the price reaches this level.
The current market structure shows a bullish move toward this resistance zone, but the momentum may begin to fade as it tests the upper boundaries. If the price confirms a rejection at this resistance zone with clear bearish signals, such as wicks or bearish engulfing candles, we could see a potential downward move.
I anticipate that, upon rejection, the price may head lower toward the $2669 level. This setup aligns with the idea of trend exhaustion near resistance, providing an opportunity for a short-term correction.
Let me know your thoughts or if you have any additional insights regarding this setup! Feel free to share in the comments!
BITCOIN AT ATH IS SHOWING WHO IS THE KING OF THE JUNGLETechnical Analysis
Rising Wedge Pattern:
The chart displays a rising wedge pattern (bearish reversal structure). The price is likely at the breakdown point from the wedge.
Key support and resistance lines are marked, showing potential pullback zones.
Indicators:
RSI (Relative Strength Index): Shows overbought conditions as it hovers near 70. A pullback or consolidation may occur to relieve overbought pressures.
Stochastic Oscillator: The oscillator is in the overbought zone, signaling a potential short-term reversal or cooling-off period.
Money Flow Index (MFI): Indicates significant inflows of capital, but nearing overbought conditions, suggesting caution.
Price Levels:
Key support zones: $95,697, $91,721, and $88,671 (blue horizontal lines).
Key resistance zones: Wedge top (~$108,000) and further price targets above $112,000 and $120,000.
Trend Analysis:
The overall trend appears bullish in the medium term. A short-term retracement (to test lower support levels) is anticipated before further continuation upward.
The breakout target from the rising wedge suggests a potential correction to the $95,000–$96,000 range, followed by an upward move.
Trading Plan
Entry Strategy
Scenario A: Retracement to Support Zones
If Bitcoin pulls back to $95,000–$96,000, consider opening a long position, as this level aligns with historical support and a confluence of demand zones.
Scenario B: Bullish Continuation
If Bitcoin breaks above $112,000 with strong volume, open a long position targeting $120,000 and higher.
Stop-Loss Placement:
Place a stop-loss just below $94,500 for long positions to minimize risk, as a breach below this level could signal further bearish movement.
Take-Profit Levels:
Primary Target: $112,000 (previous high).
Secondary Target: $120,000 (psychological level and technical extension).
Risk Management:
Limit risk to 1–2% of your trading capital per trade.
Avoid over-leveraging as the rising wedge breakdown could result in increased volatility.
Monitoring the Trade:
Keep an eye on macro indicators (e.g., interest rate announcements, broader market sentiment).
Watch for divergence in RSI or Stochastic Oscillator, which could indicate trend exhaustion.
Bitcoin is at a critical juncture. A short-term correction is likely to test support levels before resuming its bullish trend. The outlined trading plan provides strategies for both pullback and breakout scenarios, ensuring disciplined risk management.
USD/JPY: Consolidation Ahead of Big MoveLooking at the 4-hour chart of USD/JPY, I see the pair is currently trading around 155.79, with a notable reaction at the support area near 155.50. The 34 EMA and 89 EMA have started to widen their gap, indicating that the bearish pressure is still in place. However, the 155.50 price zone acts as an important psychological support, creating a temporary balance between buyers and sellers.
The 34 EMA acts as dynamic resistance near 156.20. If the price fails to break above this level, the downtrend is likely to continue.
A break below 155.50 could drag the price to test deeper support at 154.80 – a strong support level in previous sessions.
Conversely, if the price breaks above the 34 EMA, the pair could test the higher resistance at 156.80, near the 89 EMA.
GBP/USD: Consolidation at Key SupportLooking at the 4-hour chart of GBP/USD, I see that the pair is currently trading around 1.2202, with signs of consolidation at a strong support zone. The 34 EMA and 89 EMA are still sloping down, indicating that the bearish bias is still dominant. However, the gap between the price and the EMA is narrowing, which could be a sign that the bearish pressure is waning.
In addition, the pair has successfully tested the 1.2170 support zone in recent sessions, creating a solid foundation for a short-term recovery. To break this consolidation, the price needs to overcome the dynamic resistance at the 34 EMA, located around 1.2230. If this happens, the next target will be the 1.2300 zone – a strong psychological resistance.
EUR/USD: Will It Recover or Continue Downtrend?Looking at the daily chart of EUR/USD, I see that the pair is moving within a clear bearish channel. Currently, the price is hovering around 1.0297, near the center line of the channel. The EMA 34 and EMA 89 are still sloping down, confirming the long-term downtrend. However, a small divergence at the support level suggests a potential short-term recovery.
It is worth noting that the price is testing a dynamic resistance zone, near the EMA 34, around 1.0300. If the price fails to break above this level, selling pressure could increase, dragging the price down to the 1.0200 area, or even the bottom of the channel around 1.0100. Conversely, if the price breaks above the EMA 34 and breaks the channel, the next target could be the 1.0400 area.
ETH/BTC I didn’t anticipate the green box to hit when we began reversing on November 18th, but here we are—it’s a strong reversal zone. If this level doesn’t hold, 28/29 is likely next.
I haven’t seen the strength I expected, even with WLFI (Trump's World Liberty Financial) aggressively buying ETH.
but it's now or never so I except a quick reversal from next week.
EurUsd- A nice bullish setup with 1.06 targetLike most major pairs, EUR/USD experienced a challenging final quarter of 2024, with the price dropping approximately 1,000 pips following the double top at 1.12.
The start of 2025 saw a further decline, breaking below the 1.0350 support level and reaching a low of 1.0180.
However, the market quickly reversed after this low.
On Monday, a strong Bullish Engulfing candlestick formed, reclaiming the 1.0350 support level.
Yesterday, this support was confirmed again, leaving a continuation Pin Bar on the daily chart. Adding to this bullish picture, the price also broke above the falling trend line, signaling a well-structured bullish setup.
Currently, the bulls have the upper hand. If the price manages to break above the horizontal resistance at 1.0440, the path should be clear for a rise toward the 1.06 zone.
In conclusion, buying on dips appears to be the ideal strategy, with invalidation of this setup occurring if the price falls below 1.03.
Silver's Bullish Momentum: Can It Rally Another +12.14%?Hey Realistic Traders, A lot of uncertainty looms after Donald Trump was officially sworn in as President. Will Safe Haven Assets, such as OANDA:XAGUSD Rise Again?
Let's dive into the analysis...
Silver has tested the EMA-200 line more than twice in the past year. This retracement often signals a strong bullish trend.
On the daily chart, Silver has formed a falling wedge pattern, followed by a breakout. The breakout, combined with a bullish MACD crossover, suggests the trend is likely to continue upward.
Based on these technical indicators, the price is projected to rise toward Target 1 at $33.0811 or potentially Target 2 at $34.5649, as long as it stays above the critical stop-loss level of $28.7040
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
"Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Silver".
Gold update: Bulls remain in control!Hello everyone! Let’s dive into today’s gold price analysis.
Currently, spot gold is trading at $2,750 per ounce, marking an impressive increase of $53 from its intraday low of $2,697 during last night’s session.
The rise in gold prices is primarily a direct result of a weakening U.S. dollar. Investors, including myself, are flocking to gold as a safe-haven asset amid rising uncertainties. Adding to this momentum is the looming threat of tariffs from President Donald Trump. His hints at imposing new tariffs on Canadian and Mexican goods, possibly as early as February 1, have sparked widespread concerns.
In my view, these tariff threats are closely tied to inflation fears. Should Trump’s policies drive inflation higher, the Federal Reserve may be compelled to maintain elevated interest rates to manage price pressures. This scenario would further support gold’s price trajectory, making it a critical asset to watch in the coming trading sessions.
On the technical front, as highlighted on the 1-hour chart, gold has successfully broken above the major resistance level of the ascending wedge channel. The price is currently consolidating above this boundary, with support from the EMA 34 and EMA 89, making a buy strategy more attractive than ever.
Gold may experience a minor pullback or consolidation from the psychological level of $2,750, possibly testing the key 0.618 Fibonacci retracement level, before resuming its upward trend. However, a decisive break above $2,750 would signal that the metal is primed for its next rally.
Happy trading, and may your profits soar!