Lingrid | EURUSD potential SHOR from KEY Resistance ZONEThe price perfectly fulfilled my last idea. It reaced the target zone. FX:EURUSD is moving toward the resistance zone; however, the overall trend remains bearish on the higher timeframes. There is a possibility that the market might move down if it rejects psychological resistance zone at 1.05000 and the upper border of the channel. The market bounced off this level multiple times before, showing its significance as a key resistance. I expect that the market to initially push above the previous resistance zone, then followed bearish move from the trendline, channel bordre and key zone. My target is support zone around 1.03300
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Signals
Lingrid | AVAXUSDT false BREAKOUT of the DECEMBER LowBINANCE:AVAXUSDT pulled back towards the key support level at 30.00, where it has bounced off twice, forming a consolidation area that could be an accumulation. Observing the current price action, we notice that it's forming lower highs and maintaining equal lows, suggesting that the price may dip below this level to absorb liquidity. On the daily timeframe, the price action has created a few doji candles, which typically indicate a loss of momentum as the market approaches a support level. Considering the fact that the price made fake breakout of the December low, I believe that it may drop slightly before making new higher lows. My goal is the resistance zone around 45.00
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Gold prices continue to increase from the level 2675OANDA:XAUUSD continuing the uptrend in local and medium-term timeframes. The price is once again testing strong resistance levels on the H4 chart, with prospects for a breakout toward the 2700–2750 range.
The US Dollar remains near weekly lows, touched after weaker-than-expected US PPI data on Tuesday, providing key support for the market, including gold. Attention now shifts to the upcoming CPI report, a critical release that could reshape market expectations for Fed rate cuts this year. A stronger-than-expected CPI could increase pressure on gold, while a weaker report would bolster buying momentum. Additionally, the Fed’s hawkish stance is supported by the premise that Trump, beginning his second term next week, may drive inflation higher with protectionist policies.
From a technical perspective, significant volume lies ahead, which could trigger a minor pullback toward support before the uptrend resumes.
Key short-term levels to watch:
Support: 2678, 2670
Resistance: 2690, 2697
However, in both the short and medium term, everything hinges on the upcoming scheduled news. Stay focused on these critical levels, traders!
Best regards, Bentradegold!
DXY Is Going Up! Buy!
Take a look at our analysis for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 108.100.
The above observations make me that the market will inevitably achieve 109.402 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 Will Fall! Sell!
Please, check our technical outlook for GOLD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 2,750.653.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,660.281 level soon.
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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EURGBP Will Go Lower From Resistance! Short!
Here is our detailed technical review for EURGBP.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.845.
Considering the today's price action, probabilities will be high to see a movement to 0.835.
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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GBPAUD Will Go Up From Support! Long!
Take a look at our analysis for GBPAUD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.967.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.004 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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Gold- One step closer to new ATHYesterday, following a minor dip earlier in the day, Gold decisively broke above the 2720 resistance level and established a local high near the 2760 confluence resistance, formed by the horizontal level and the channel's resistance.
Currently, the price is undergoing a normal correction, which could provide traders with another opportunity to enter the market at more favorable levels.
The support zone begins around 2735 and extends to 2720, making this area an ideal spot for opening long trades.
In conclusion, the strategy remains unchanged: buying dips .
Bitcoin is building pressure for a real breakFor over a month, BTC has been trading within a range, with well-defined support at the 90k level and resistance around the 110k zone.
Two days ago, the price briefly reached a marginal new all-time high before reversing. However, following this pullback, the price quickly recovered. Over the past five trading days, it’s clear that the price is building momentum, creating pressure for a potential breakout.
If (and when) this breakout occurs, it could lead to a continuation of the upward trend, with a measured target around the 130k level.
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.
Gold- On its way to new ATH?In my post yesterday, I mentioned that Gold is trading within an ascending channel, which should give bulls added confidence. The suggested strategy remaining to buy on dips.
During Monday's session, price action was relatively quiet, with the market ranging.
However, there were signs of buying pressure, with the price steadily pressing against the resistance line.
Overnight, Gold finally broke above the confluence resistance zone between 2715 and 2720, and at the time of writing, it is trading at 2728, suggesting a genuine break.
Looking ahead, I expect this momentum to continue.
Key levels for bulls to watch are 2750 and 2765. Also, a successful break above 2765 could pave the way for a new all-time high and only a drop below 2690 would put a pause in this bullish scenario.
For now, the strategy remains to buy on dips.
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.
SOYBEAN at Key Resistance Level – Will Sellers Take Control?FOREXCOM:SOYBEAN has reached a significant resistance level. This level has consistently acted as a key area of interest where sellers regained control, leading to prior reversals. If the price action confirms a rejection, I anticipate a move downward toward the 1,030 level.
However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area.
Proper risk management is essential, given the possibility of price breaking higher. If this analysis resonates with you or you have a different perspective, feel free to discuss in the comments!
NATGAS Rising Support Ahead! Buy!
Hello,Traders!
NATGAS is trading in a
Rising opening wedge pattern
And the price will soon
Retest the rising support
Below so we are bullish
Biased and we will be
Expecting a move up
From the support line
Buy!
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S&P500 smashed every Resistance on its way to 6350.The S&P500 index (SPX) hit and rebounded today on the 1D MA50 (blue trend-line), following last week's break-out. This is the confirmed start of the technical Bullish Leg of the 6-month Channel Up along with the 1D MACD Bullish Cross.
Having made a Higher Low on the 1D MA100 (green trend-line) last Monday (January 13), we are expecting the standard 1.786 Fibonacci extension as the next Higher High of the pattern. That gives us a 6350 Target.
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GBP/USD: BOE Is Ready for the Big Cut!GBP/USD shows mixed signals, remaining below 1.2350, influenced by economic and political factors in both the UK and the US. After a strong rally on Monday, the pair lost momentum on Tuesday, driven by the recovery of the US Dollar and overall disappointing UK labor market data. The rise in the unemployment rate to 4.4% and a slowdown in employment growth weigh on the Pound, despite an annual wage increase of 5.6%. From a technical perspective, the RSI on the 4-hour chart signals a loss of bullish momentum, approaching the neutral level of 50 after being in the overbought zone. Key support levels are located at 1.2230 and 1.2200, while resistances are seen at 1.2350.
The Pound is also affected by an uncertain macroeconomic context, with Trump's comments indicating potential tariffs on China, Mexico, and Canada, supporting a recovery in the Dollar due to its safe-haven status. In the absence of significant US economic data, investor focus shifts to stock market performance: a negative opening on Wall Street could support the Dollar, exerting additional bearish pressure on GBP/USD. In the short term, the pair may remain under pressure, with a potential test of key support levels, unless more solid signs of Pound strength or Dollar weakness emerge.
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!
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Lingrid | GOLD Weekly Price OutlookOANDA:XAUUSD market had three bullish weeks in a row, eventually reaching a December high. However, the lack of a strong reaction indicates that we did not have the typical “bulls take the stairs, bears jump out of window” scenario from this level. The market tested the resistance zone around 2710-2720 and made a small pullback, and there is a possibility that it could break above this level on a fourth approach to this area.
The upcoming week coinciding with the US Presidential Inauguration is expected to bring uncertainty and perhaps potential sluggishness to the market. The market has broken above its descending channel, but price remains within the November range. On the daily timeframe, price closed above a triangle pattern, which is generally considered a trend continuation signal. If this trend continues, price could retest the November high or even last year's high. Conversely, if price returns to the channel, it could move towards the 2620 level, which we have already seen twice. Given these factors, next week could be either intriguing or boring.
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Lingrid | EURUSD potential BULLISH TRADE from the SUPPORT zoneFX:EURUSD market made an upward impulse during the London session, as the TVC:DXY dropped and created a significant gap. On the daily timeframe, the price formed a strong bullish candle, moving above last week's high. It also pushed higher above the swap zone around 1.03400. Looking left, we can see that the price has respected this level multiple times and there is chance that price will rebound from this zone again. I anticipate a bounce off this support level if we see a rejection. My goal is resistance zone around 1.04085
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AUDCHF at Key Resistance: Will It Drop To 0.56714?OANDA:AUDCHF is at a significant resistance area that has consistently acted as a barrier for bullish momentum. The recent price action suggests a potential for sellers to step in and drive prices lower from this zone.
If rejection signals, such as bearish engulfing candles or upper wicks, appear, I expect a move toward 0.56714. A break above this resistance, however, could indicate a shift in market sentiment.
Traders should wait for confirmation before entering short positions and ensure proper risk management. If you have any thoughts or agree with this analysis, I’d love to hear your perspective in the comments!
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.