DXY Is Going Down! Short!
Take a look at our analysis for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 109.133.
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 107.416 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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Signals
USOIL Will Fall! Sell!
Please, check our technical outlook for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 79.103.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 74.465 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.
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CADJPY Will Go Lower! Sell!
Take a look at our analysis for CADJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 108.412.
The above observations make me that the market will inevitably achieve 106.334 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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AUDNZD Is Very Bullish! Buy!
Please, check our technical outlook for AUDNZD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.105.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.108 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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Lingrid | SHIBUSDT fake BREAKOUT of the WEEHKY LowsBINANCE:SHIBUSDT moved lower, forming an ABCD pullback. It created a false breakout of the last three weeks' lows, resulting in a long-tailed bar on the weekly timeframe. The market has respected the downward trendline and recently bounced off it. With the price rolling back above the PWLs, there is a possibility that it may retest that level again. When zooming out, the strongest support level appears to be around 0.000019. The price could potentially move toward this level again. However, in the midterm, I expect that the market to at least retest the LH and potentially the zone above it. My goal is resistance zone around 0.000023
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EURAUD: Bullish Outlook Explained 🇪🇺 🇦🇺
EURAUD looks bullish after a false breakout of a significant
intraday/daily demand zone.
As a confirmation, I see a bullish imbalance and a violation
of an intraday horizontal resistance on an hourly time frame.
I expect a movement up at least to 1.6596
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CADJPY Rising Wedge Breakout and Targeting Support LevelCADJPY is currently trading at 108.300, with a target price set at 106.000, offering a potential gain of 200+ pips. The analysis is based on a support and resistance pattern, indicating the pair’s key price levels. A rising wedge breakout has already occurred, a bearish signal pointing to further downside potential. The price is now positioned below a major resistance level, confirming sellers' dominance in the market. With this setup, the pair is likely to continue its downward movement toward the main support level, which aligns with the target price. The bearish momentum is expected to persist as long as the resistance level holds strong. Traders should watch for any confirmation of increased selling pressure to solidify this trend. This setup highlights a favorable opportunity for bearish trades with a defined risk-reward ratio. The focus remains on the target support level as the next key price point.
NZDJPY Rising Wedge Breakout and Consolidation PhaseThe NZDJPY forex pair is currently priced at 87.200, with a target price of 82.000, indicating a potential gain of 500+ pips. The analysis is based on the support and resistance pattern, suggesting that the pair has tested significant levels. A rising wedge breakout has already occurred, a bearish signal indicating potential downside momentum. Currently, the price is in a consolidation phase, signaling reduced volatility as traders await the next decisive move. The pair is holding a strong support level, which serves as a critical area to watch for a potential breakout. If the support breaks, the price could accelerate toward the target level. This consolidation indicates market indecision, offering an opportunity to prepare for the next trend. Traders should monitor volume and price action closely to confirm the breakout direction. Overall, this setup presents a favorable risk-reward ratio for bearish traders.
NATURAL GAS Long-term buy on the next pull-back.Natural Gas (NG1!) broke this month above its 1W MA200 (orange trend-line) for the first time in two years (last January 2023). Naturally this is a very bullish signal for the long-term and it is more effectively put into context by using our infamous 'Multi-year Cycles', which we introduced on Natural Gas a few years back.
As you can see, every time NG broke above the 1W MA200 after a Support Zone rebound since 1990, it pulled back towards the 1W MA50 (blue trend-line) before resuming the uptrend for a new High.
As a result, we will wait for that right pull-back opportunity to buy and target at least 6.000, which should be achieved by December 2026, which is the Top of the Sine Waves Cycle.
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BITCOIN The minimum target of this Cycle is $185kIf you follow us for long, you know that we are very fond of using Fibonacci levels on Bitcoin (BTCUSD) Cycles in order to project future tops and bottoms. Today is one of those analyses, in fact it is a strong variation of the following Inverse Head and Shoulders call:
As you can see, that was based on the condition that BTC would make a first hit and rejection on the 0.786 Fib retracement and then (as it happened on the previous Cycle) would go for a Cycle Top on the 2.0 Fibonacci, which gives us a $165k Target.
Since the 0.786 Fib never really offered the rejection of the previous 3 Cycles, we are introducing a variation model with new parameters.
We take the Fib extension from the bottom of each Cycle to the moment it made contact with the 1W MA50 (blue trend-line). As you can see by applying these conditions, every Cycle since BTC's inception has hit at least the 5.0 Fibonacci extension, with all Cycles in fact making a perfect Top there with the exception of 2017, which even exceeded it.
As a result, we can claim that this Cycle will have a minimum peak at $185000.
How realistic do you think this is for the 'bad case scenario'? Feel free to let us know in the comments section below!
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CADCHF – Potential Short Opportunity on RetestCADCHF has broken below a key support zone, indicating a shift in momentum to the downside. This zone previously acted as support and may now turn into resistance, aligning with the break-and-retest strategy.
A bearish confirmation, such as rejection candles, a bearish engulfing pattern, or slowing bullish momentum, would strengthen the case for continued downside. Should this scenario play out, the next target for sellers would be around the 0.63387 level.
Traders should remain patient and wait for the price to revisit the resistance zone and provide clear rejection signals before considering short positions.
Back to 108K ?Welcome back folks,
Only on Thu we talked about bearish scenario and 85K target and now we have to turn everything from top to bottom.
Not occasionally on Thu we warned about weekly bullish grabber pattern and called to not take any fresh shorts, but keep existed ones. What's now?
Now our H&S stands in a process of failure, which means price has good chances to go back to 108K top, is failure will be confirmed. Besides, on weekly chart we could get 2nd grabber in a row if BTC will close slightly higher.
Price was not able to break the neck line, and just got the stops there.
It means that currently we do not consider any shorts. For long entry we could use intraday Fib levels. First one is 96.35K And see what will happen next.
Lingrid | EURUSD fake BREAKOUT. Short from RESISTANCEFX:EURUSD market recently made a false breakout above the resistance zone at 1.03200-1.03300. On the daily timeframe, the bearish trend remains intact. In response to the news release, the price dropped, and I think this downward momentum will persist, driving the price to lower levels. Furthermore, the market broke and closed below the upward trendline, which had been supporting a pullback against the major downtrend. This breakout suggests a potential continuation. I expect the price to continue to move lower, pending confirmation such as a rejection candle. My goal is support zone around 1.02475
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APPLE - Bullish Setup at Channel SupportApple stock has recently rejected a significant support zone, which aligns with the lower boundary of the ascending channel. This rejection was accompanied by a strong bullish candlestick, signaling renewed buying momentum. The price is now positioned for a potential move toward the $250.00 level.
This setup suggests further bullish continuation as long as the support zone holds. Traders may look for additional signs of buying strength as the price approaches higher levels.
SOLUSDT - Potential Buy Key Support LevelThe SOLUSDT pair is currently trading near a key demand zone, which has been a strong support area in the past. This level aligns with prior price reactions, suggesting a potential area where buyers may step in to drive the price higher.
The current market structure shows consolidation around this demand zone, hinting at a possible reversal if the price confirms support. A bullish bounce from this zone could lead to a move toward the $207.87 level, which aligns with a key resistance area and a potential target for this setup.
Traders should look for confirmation of a reversal, such as bullish candlestick patterns (e.g., engulfing candles or pin bars) or a break of short-term resistance to confirm the upward move.
Let me know your thoughts or if you see this differently! Feel free to share your insights in the comments.
DJI - Testing Key Demand Zone – Potential Buy OpportunityThe DJI is currently trading near a key demand zone. This area aligns with previous price reactions, suggesting that buyers may step in to defend this level.
The market structure indicates a potential for a bullish reversal if the demand zone holds and price action confirms support. A successful bounce from this level could lead to a move toward the 42,812.75 level, which represents a logical target for this setup.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, long lower wicks, or a breakout above short-term resistance. This setup aligns with the idea of a trend continuation from support and offers a potential opportunity for a long position.
What are your thoughts on this analysis? Let me know if you agree with this setup or have alternative insights to share! Feel free to comment below!
DXY could start correcting soonThe last quarter of 2024 was exceptionally bullish for the DXY, with the price climbing from 100 to a peak around 109—a substantial 9% increase in a relatively short period.
The bullish momentum has continued into the start of 2025.
However, since late December, the price action has become more overlapping, which could indicate the potential for a reversal.
At present, the price remains above the bullish trendline, so there are no clear reversal signals yet.
That said, it’s important to monitor for a downside break. If such a scenario occurs, the index could drop toward the 106 support level.
GbpUsd could correct from important supportLast week, GBP/USD saw a sharp decline, dropping over 400 pips from its recent high after briefly spiking above former support, which has now turned into resistance.
The pair is currently trading at 1.2150. Although the overall trend remains strongly bearish, a short-term correction and upward move is possible.
The 1.2070 level serves as key technical support, and with the psychological 1.2000 level nearby, short-term traders might find buying opportunities in this zone.
If a rebound occurs, the 1.2300 level could serve as a potential target for such a trade.
GOLD recovers to original target, paying attention to US CPIOANDA:XAUUSD recovered strongly and is currently traded quite narrowly. US PPI data has reinforced investor confidence in the Federal Reserve to cut interest rates further this year. In addition, Trump's report on tariffs also affected the USD, helping push gold prices higher. On Wednesday, investors are focused on the US CPI, which is expected to cause a big swing in the markets.
US PPI data and Trump's tariff report influence the USD
US PPI unexpectedly came in lower than expected in December, driven by lower food costs and firm service prices, which may help ease concerns about persistent price pressure.
Data released by the U.S. Bureau of Labor Statistics on Tuesday showed that the U.S. PPI rose 3.3% year-on-year in December, an increase less than the 3.5% expected. Core PPI, which excludes food and energy, rose 3.5% year-on-year, below expectations of 3.8%.
US PPI increased 0.2% month-on-month in December, lower than the 0.4% increase in November and below market expectations of 0.4%. Core PPI, which excludes food and energy, was unchanged from the previous month, missing economists' expectations of a 0.3% increase and the previous month's 0.2% increase.
After the US PPI data was released, the US Dollar fell again. A weaker US Dollar makes gold more attractive.
Bloomberg reports that members of US President-elect Donald Trump's incoming economic team are discussing gradually increasing taxes month by month to increase their negotiating leverage incrementally, while also helping to avoid rising inflation. mutation.
One idea is to build a progressive tax schedule with monthly increases of about 2% to 5%, said people familiar with the matter. The plan would also need to rely on executive powers granted by the International Emergency Economic Powers Act. This news also affected the US Dollar, causing gold prices to recover.
Pay attention to US CPI
Investors are now waiting for the US Consumer Price Index (CPI) released on Wednesday to analyze the Fed's policy direction.
The US CPI is expected to increase at an annual rate of 2.9% in December, higher than the previous month's 2.7% increase, while the month-on-month CPI increase in the month 12 is expected to be 0.3%. .
If Wednesday's US CPI report is lower than expected, it could increase the likelihood that the Federal Reserve will ease policy this year, which would benefit gold. And of course the opposite effect is if the data is higher than expected.
Gold is considered a hedge against inflation, but due to its non-interest-bearing nature, a high interest rate environment weakens its investment appeal.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold is still trading very narrowly but as mentioned to readers in previous publications that gold has achieved the initial technical conditions for a possible price increase.
With the short-term trend formed by the green price channel and support from EMA21, POC Volume Profile.
After the previous correction, gold has also recovered from the 0.50% Fibonacci retracement level to reach the initial target at 2,676 USD, the next target will be around 2,693 - 2,700 USD. Meanwhile, the Relative Strength Index maintained above 50 is a positive signal for an uptrend in the near future while still quite far from the overbought area.
During the day, the technical outlook for gold is bullish, notable points will also be listed as follows.
Support: 2,664 – 2,650USD
Resistance: 2,676 – 2,693 – 2,700USD
SELL XAUUSD PRICE 2701 - 2699⚡️
↠↠ Stoploss 2705
→Take Profit 1 2694
↨
→Take Profit 2 2689
BUY XAUUSD PRICE 2649 - 2651⚡️
↠↠ Stoploss 2645
→Take Profit 1 2656
↨
→Take Profit 2 2661
EUR/GBP: Ready to reach the level 0.83!The EUR/GBP exchange rate is currently in a bearish phase, trading near 0.8440 as of January 15, 2025. The key resistance level at 0.8445, which has been a significant barrier since September, has once again hindered upward attempts. The recent downward pressure has been influenced by the halt in the rally of UK gilt yields, following weaker-than-expected inflation data. This factor, combined with growing concerns about stagflation in the UK, creates an unfavorable environment for the Pound, increasing the likelihood of a dovish stance from the Bank of England. On the European side, the stabilization of inflation in the Eurozone provides relative support for the Euro, further reinforcing the bearish sentiment on the EUR/GBP pair. Key upcoming events in the short term include the BoE rate decision on January 25, 2025, which could significantly impact the Pound: a more accommodative stance would further weaken the British currency, favoring an upward movement in the pair. This will be followed by the Eurozone GDP data release on February 2, 2025, and the PMI results for both the UK and the Eurozone in early February, with the potential to influence market dynamics depending on the relative strength of their economies. Market sentiment remains oriented toward short-term stability, with limited movements expected until new significant signals emerge from economic data or central bank decisions.
Major Price Movement Incoming for BYND!Signalist has detected a precise pattern in NASDAQ:BYND FUBO trading activity, signaling that a substantial price movement is imminent. This isn’t a random fluctuation—it’s a carefully analyzed precursor to a significant market event.
📅 What to Expect:
⌛ Timeline: Anticipate a major move within the next 1 to 4 upcoming 3-hour candles.
📈 Monitor the Charts: Keep an eye on BYND’s price action over the next few candles.
Prepare Your Strategy: Whether you’re bullish or bearish, have your trading plan ready to capitalize on the move.