Signals
NZDUSD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone
NZDUSD moving higher as it tests the strong resistance level..
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDUSD
I still did my best and this is the most likely count for me at the moment.
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EURUSD: Local Correction Ahead! Sell!
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 downside. So we are locally bearish biased and the target for the short trade is 1.09595
Wish you good luck in trading to you all!
SILVER: Strong Bullish Bias! Buy!
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 upside. So we are locally bullish biased and the target for the long trade is 31.95492$
Wish you good luck in trading to you all!
DXY: Move Up Expected! Buy!
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 upside. So we are locally bullish biased and the target for the long trade is 102.633$
Wish you good luck in trading to you all!
DXY Will Go Up From Support! Long!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 102.413.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 103.410 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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SILVER Will Go Lower! Sell!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 31.909.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 29.771 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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GBPUSD Will Go Up! Buy!
Take a look at our analysis for GBPUSD.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.308.
The above observations make me that the market will inevitably achieve 1.318 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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BITCOIN Will Go Up! Long!
Here is our detailed technical review for BITCOIN.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 61,313.45.
Considering the today's price action, probabilities will be high to see a movement to 62,824.63.
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 H4 Analysis And Route Map for Next MovePair Name = Gold
Timeframe =H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
XAUUSD Volume Increasing Gradually. It has completed the retesting Period. Last Week Market badly effect with NFP News. But XAUUSD Did lost the main Support level. Our Main Target is 2700 here.
WIFUSD is breaking above its 6-month Channel Down and targets 75Dogwifhat (WIFUSD) closed last week above the 1D MA200 (orange trend-line) for the first time since the week of July 22 and hit the top of its 6-month Channel Down. On the long-term cyclical outlook, this Channel Down can technically turn out to be nothing but a Bull Flag in the continuation scale of the Bull Cycle.
If this week's 1W candle manages to close above the Channel Down/ Bull Flag, we expect at least another +6842% rise, similar to its first one, and target $75.000.
The 1W RSI and MACD both support this bullish scenario as the first already broke above its MA line on September 16, while the 1W MACD just completed a Bullish Cross, its first ever.
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GOLD follows geopolitical trendsOANDA:XAUUSD fell on Friday (October 4) after a better-than-expected US jobs report dampened expectations for a sharp interest rate cut by the Federal Reserve next month, boosting the dollar. However, geopolitical risks related to Israel and Iran supported gold prices, limiting the downward adjustment.
The U.S. labor market added more jobs than expected in September, while the unemployment rate unexpectedly fell, reflecting the job market outlook, the U.S. Department of Labor reported last Friday. much stronger than expected.
New U.S. nonfarm payrolls totaled 254,000 in September, above August's revised 159,000 and better than market expectations of 150,000. The unemployment rate decreased 0.1% month-on-month to 4.1% in September. The market expects the unemployment rate to stabilize at 4.2%.
As a key indicator of inflationary pressures, annual wage growth increased to 4% from 3.9% in August, a monthly increase of 0.4%, in line with August data, The labor force participation rate was unchanged from the previous month at 62.7%.
After strong employment data, the market expects that the Fed will continue to cut interest rates by 25 basis points in November and December, while lowering expectations for interest rate cuts at the next four Fed meetings to less than 100 basis points.
According to CME Group's "Fed Watch Tool", the market currently predicts the probability of the Fed cutting interest rates by 25 basis points in November is 97.4% and the probability of cutting interest rates by 50 basis points is 2.6%. .
Israel does not guarantee not to carry out retaliatory attacks on Iran's nuclear facilities
On Friday (October 4) local time, a senior US State Department official announced that Israel has not assured the Biden administration that it will not carry out retaliatory attacks against facilities. Iran's nuclear program.
Israel and Iran have never been closer to opening a new, much more dangerous front in the war raging across the Middle East.
The US official added that it was difficult to know whether Israel would launch a retaliatory strike on October 7, the first anniversary of a major attack by Hamas on Israel.
Israeli officials say Israel will launch "retaliation" in the next few days after a major Iranian missile attack, possibly targeting oil production facilities and other strategic locations in Iran - according to Axios reported Wednesday.
Iran threatened Tuesday to launch another attack if Israel responded with force following the launch of nearly 200 missiles.
Axios also reported Israeli officials saying that if this happens, all options will be on the table, including an attack on Iran's nuclear facilities.
This week, the US will release inflation data, initial jobless claims and the University of Michigan's consumer confidence index. At the same time, the geopolitical situation will continue to limit the decline in gold prices. An escalation in the conflict involving Hezbollah, Iran, Israel and the United States would be expected to provide potential support for new highs in gold prices.
Economic data to watch out for this week
Wednesday: Minutes of September FOMC meeting
Thursday: US Consumer Price Index(CPI), Weekly Jobless Claims
Friday: U.S. Producer Price Index (PPI), University of Michigan preliminary consumer sentiment
Analysis of technical prospects for OANDA:XAUUSD
Gold had a highly volatile trading week but overall remained stable with an uptrend, and all downward corrections recovered quickly when reaching support levels of interest to readers at 2,624 - 2,645 USD.
The relative strength index (RSI) is pointing down from the overbought level, but the slope is not large and does not create any significant decline, showing that the market sentiment does not want to short-sell gold and the selling motivation is very weak.
The trend of gold price will still be stable with short-term price channel and EMA21 as main support. As long as gold remains in the price channel, its technical outlook is still bullish.
The target level is fixed at 2,672 USD, which means the nearest resistance is at 2,672 USD followed by the previously established all-time high of 2,685 USD.
In the coming time, the gold price outlook will be shaped by the following technical levels.
Support: 2,645 – 2,634 – 2,624USD
Resistance: 2,672 – 2,685USD
SELL XAUUSD PRICE 2673 - 2671⚡️
↠↠ Stoploss 2677
→Take Profit 1 2666
↨
→Take Profit 2 2661
BUY XAUUSD PRICE 2629 - 2631⚡️
↠↠ Stoploss 2625
→Take Profit 1 2636
↨
→Take Profit 2 2641
COSTCO needs one more Low before it bottoms.Costco (COST) has been trading within a Channel Up pattern since the March 07 High and last week it hit the 1D MA50 (blue trend-line) for the first time since August 09. Even though this is the standard short-term Support level, we expect the price to break it and approach the bottom of the Channel Up where both previous Higher Lows were priced.
Our Target is $1000, just below the 2.0 Fibonacci extension, where the last Higher High was priced.
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