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GBPUSD Will it hold the 1D MA50??The GBPUSD pair has been trading exactly on its 1D MA50 (blue trend-line) for the past two days and so far it held. Today though it appears to be making its first legitimate attempt to break it and if the 1D candle closes below it, we will have a confirmed bearish break-out. This is similar to the August 03 2023 bearish break-out, which was the ultimate medium-term sell confirmation after a long Bullish Megaphone that dictated the trend. As you can see the two fractals are identical, initially declining by around -5% and then rising towards the 2.0 Fibonacci extension through their Megaphones. The 2023 sell signal reached the 0.786 Fib after the break-out and that will be our Target again (1.2550) if the 1D candle confirms that closing below the 1D MA50. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
S&P500 Consolidation almost over. Prepare for 6300 end of year.The S&P500 index (SPX) has been consolidating for roughly the past 3 weeks, significantly above its 1D MA50 (blue trend-line), which indicates that the long-term trend is not in danger. In fact, we believe that it has already entered a Channel Up structure, similar to November 2023 - March 2024. As you can see, in late November 2023 the index was also consolidating way above its 1D MA50 after a strong recovery from a -10.90% correction. This time the consolidation is exactly at the top of the previous High while then it was exactly below it. The 1D CCI sequences between the two fractals show that we are on the exact same position, posting bearish divergencies on the price's consolidation. As a result, we expect a smooth Channel Up expansion towards the end of the year (quick exception the natural volatility around the U.S. elections day) and our Target is 6300, which is the 2.0 Fibonacci extension level. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
7
VIX Will Go Lower! Short! Here is our detailed technical review for VIX. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 21.94. Considering the today's price action, probabilities will be high to see a movement to 20.13. 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!
TVC:VIXShort
by SignalProvider
1
USOIL Will Go Up! Buy! Take a look at our analysis for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 74.20. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 77.51 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!
ICMARKETS:XTIUSDLong
by SignalProvider
1
GBPUSD Is Bearish! Short! Here is our detailed technical review for GBPUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.307. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.286 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
USDCHF Will Grow! Long! Here is our detailed technical review for USDCHF. Time Frame: 30m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.855. Considering the today's price action, probabilities will be high to see a movement to 0.856. 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!
Long
by SignalProvider
1
Lingrid | GBPJPY Trend Continuation Opportunity. LongThe price perfectly fulfilled my last idea. It hit the target level. The market is currently testing a key psychological support level at 193.000, following a period of consolidation after recent bullish momentum. If FX:GBPJPY manages to close above the 194.000 level, it could signal continued upward movement, allowing for a retest of the resistance zone above this level. Given the recent bullish sentiment, a clear break and close above 194.000 would likely set the stage for further bullish moves, potentially pushing the price toward higher levels within the established resistance zone. My goal is the resistance at 194.500 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
10
Fears of rising disputes reduce confidence in goldOn the opposite hand, there may be a danger of inflation, the Boston Fed president stated Boston Fed President Susan Collins stated Tuesday that the U.S. economic system is at danger now no longer simplest from the chronic race however additionally from a recession. Collins stated there may be nonetheless a risk the hard work marketplace might be robust whilst the taper is complete, however "it`s all at danger." "There's plenty to preserve song of. I suppose humility is continually essential and we have got discovered that there may be surprises alongside the way," Collins stated. On the only hand, the Federal Reserve's push to elevate hobby prices to lessen emissions has made the economic system "extra liable to negative shocks," in keeping with Collins. "My self belief in displaying development has increased - however so has the danger of the economic system slowing once more to the diploma had to repair charge stability," she stated. 💎 XAUUSD buy 2617- 2615💎 ✔️TP1: 2625 ✔️TP2: 2635 ✔️TP3: OPEN 🚫SL: 2609 💎 XAUUSD sell 2637- 2635💎 ✔️TP1: 2625 ✔️TP2: 2615 ✔️TP3: OPEN 🚫SL: 2643
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD: The Downtrend Continues!Currently, we are witnessing a recovery attempt in gold after testing the psychological support level at $2,600. It is clear that sellers were unable to push the metal below this important level, as gold found new support at $2,605, showing signs of a steady recovery since yesterday. Looking ahead, gold prices have paused their earlier declines in preparation for the Fed meeting on Wednesday. The US dollar has maintained its gains, supported by rising Treasury yields, amid geopolitical tensions in the Middle East and China’s woes. Meanwhile, gold appears to have stalled near the key support level at $2,630, with the daily RSI indicating room for upside. However, on the 4-hour chart, the downtrend remains intact, with significant resistance around $2,650. Therefore, I still believe XAU/USD will continue to trade lower, with a potential target set at $2586.
OANDA:XAUUSDShort
by Bentradegold
XAUUSD: Support Holds, Breakout Ahead?Looking at XauUSD's 4 -hour chart, we can see that the price is being blocked by the decreasing resistance line and there is no clear breakthrough through this level. EMA 34 (yellow) is currently acting as a short -term resistance close to the current price, while the EMA 89 (blue) continues to be below, supporting the price if the batch occurs sharply. An important support area (purple area) has been determined from 2,630 to 2,645, this is where the price has reacted in previous times. This area can be a point to track the purchase signals if the price continues to decrease and touch this area. Scenario 1: If the price continues to be resisted from EMA and the resistance line decreases, the price may check the support area again. There will be a possibility of a batch from here, creating opportunities for the buyer. This is supported by the potential "Double Bottom" model, which can be clearly seen in case the price check the support and maintain. Scenario 2: If the price can break the resistance line above, especially when closing the candle above 2,652, this will be a strong signal for the continued trend of increasing and opening the potential to 2,670 or higher.
OANDA:XAUUSDLong
by Bentradegold
USDJPY Set to Surge Higher – Targeting 150.00?Dear traders! USDJPY is currently maintaining a fairly steady uptrend, hovering around 147.64 despite a slight 0.34% adjustment downwards during the day. In my personal view, this correction is largely due to the pair encountering the upper boundary of the short-term rising channel. However, upon closer inspection, technical factors such as the rising wedge and the EMA 34.89 remain strong, indicating that the appeal of this pair is far from over. Considering these factors, Ben’s personal opinion is that USDJPY will likely continue its upward momentum, with a potential target around 150.00. Wishing you all successful and prosperous trading!
Long
by Bentradegold
1
NF data is coming in, GOLD remains stable with rising channelOANDA:XAUUSD Continuing to maintain the recovery trend with a slight increase in the Asian trading session on October 4, gold is currently trading at 2,661 USD/oz, a slight increase equivalent to 0.21% on the day and about 5 USD as of today. the time the article was completed. Investors will release the US nonfarm payrolls report, which is expected to cause major volatility in the gold market. US nonfarm payroll employment is expected to increase by 140,000 in September. The US non-farm payrolls report for September will be released, this is the most important data this week. Surveys show the number of nonfarm workers in the United States is expected to increase by a seasonally adjusted 140,000 in September, following a gain of 142,000 in August. US unemployment rate expected ​will remain unchanged at 4.2% in September. In addition to changes in overall nonfarm payroll employment and the unemployment rate, investors need to focus on average hourly earnings data, which can provide important signals about inflation. broadcast. The average annual hourly wage increase in the United States in September is expected to be unchanged from 3.8% the previous month. Surveys show average hourly wages in the United States are expected to rise 0.3% in September, following a 0.4% increase in August. The September non-farm payrolls report is the next important economic data in the US that could affect Fed policy. If non-farm data is stronger than expected, this could further weaken expectations that the Federal Reserve will cut interest rates sharply in November, thereby pushing the dollar higher and creating pressure. for gold price. Conversely, if non-farm employment data is lower than expected, this will be a positive signal for gold prices as it will boost expectations that the Federal Reserve will cut interest rates sharply, and cause the currency to US Dollar weakens again. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold is still trading fairly stable with an uptrend after recovering from corrections and from the support area noted by readers in the previous issue at the lower edge of the price channel, confluence with horizontal support at 2,634USD. In terms of structure, there are no changes compared to previous publications, still an uptrend highlighted by the price channel and weekly target level at 2,672USD. Once the $2,672 level is broken above, gold will have room to continue rising a little further with a target then around $2,685. As long as gold remains within the price channel and above the 0.618% Fibonacci extension at $2,624, it still has a short-term technical bullish outlook. Notable levels are listed below. Support: 2,645 – 2,634 – 2,624USD Resistance: 2,672 – 2,685USD SELL XAUUSD PRICE 2686 - 2684⚡️ ↠↠ Stoploss 2690 →Take Profit 1 2689 ↨ →Take Profit 2 2684 BUY XAUUSD PRICE 2619 - 2621⚡️ ↠↠ Stoploss 2615 →Take Profit 1 2626 ↨ →Take Profit 2 2631
OANDA:XAUUSD
by Xayah_trading
GOLD stabilized at the beginning of the weekOANDA:XAUUSD It is still trading quite stably as at the beginning of the week there were no macro data or events that created a shock on the market. On Tuesday (October 8) in the Asian market, spot gold is currently trading around 2,643 USD/ounce. OANDA:XAUUSD weakened on Monday due to a significant rise in US bond yields, but gold's decline was limited as geopolitical tensions still had the potential for unexpected spikes. Gold prices reached a record high of 2,685.42 USD/ounce on September 26. Gold is considered a hedge against economic and geopolitical instability and tends to thrive in low interest rate environments. Last week's US jobs report reinforced beliefs that the economy is unlikely to require significant interest rate cuts from the Federal Reserve for the rest of the year, with traders currently pricing in There is an 86% chance that the Fed will cut interest rates by just 25bps next month. The market will focus on the Federal Reserve's policy meeting minutes, as well as US consumer price index (CPI) and producer price index (PPI) data this week. In addition, China's central bank did not buy gold for reserves in September for the fifth consecutive month. Analysis of technical prospects for OANDA:XAUUSD Although gold has had 4 consecutive days of decline, the price declines were not strong and did not create any breakthroughs, as the declines were limited and recovered quickly. Temporarily, the price drops should only be considered a technical correction without any impact on the main uptrend with the nearest support at 2,634 USD. Note to previous readers. The main support follows the EMA21 line, with gold recovering above the 2,645 USD price point of the 0.786% Fibonacci level, it will have conditions to set expectations to retest the 2,672 USD level once again. The relative strength index points down with a very moderate slope, not a significant bearish signal. In case the $2,634 level breaks below gold there is still some other support from the 0.618% Fibonacci level and the EMA21 moving average. There is no change in the main trend with price channel as the long-term trend, and notable technical levels are listed again as follows. Support: 2,634 – 2,624USD Resistance: 2,645 – 2,659 – 2,672USD SELL XAUUSD PRICE 2666 - 2664⚡️ ↠↠ Stoploss 2670 →Take Profit 1 2659 ↨ →Take Profit 2 2654 BUY XAUUSD PRICE 2619 - 2621⚡️ ↠↠ Stoploss 2615 →Take Profit 1 2626 ↨ →Take Profit 2 2631
OANDA:XAUUSD
by Xayah_trading
1
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.
FXOPEN:XAUUSDShort
by syomking76418