GBPCAD - Bearish Momentum Expected from Resistance ZoneOANDA:GBPCAD is currently testing a significant resistance zone. This level has previously acted as resistance, leading to a bearish reversal. The recent upward momentum into this zone suggests a potential for sellers to regain control and push prices lower.
A bearish confirmation, such as a rejection candle, bearish engulfing pattern, or signs of fading bullish momentum, would indicate an increased likelihood of a move downward. If this scenario unfolds, the price could head toward the 1.78220 level.
This setup aligns with a potential short-term correction after an impulsive move. Traders should wait for confirmation of selling pressure before considering short positions.
This is not financial advice but rather how I approach support/resistance zones. Always wait for confirmation, like a rejection candle or volume spike before jumping in. And let me know what you think of this setup in the comments!
Signals
BITCOIN The beauty of the 1D MA100 coming to the rescue.Bitcoin (BTCUSD) is pulling back quite aggressively today along with most of the market, as once again political in combination with China's manufacturing sector shrinking, are pitting a dent to buying sentiment.
Having touched its 1D MA50 (blue trend-line) again, we once again view these fundamentals/ news as means to justify the technicals. And BTC's chart on the 1D time-frame clear shows that there is a technical 'necessity'/ tendency to test the 1D MA100 (green trend-line) before more upside can be realized.
As you can see within its +2 year Channel Up, BTC goes through a mini (Megaphone) consolidation phase half-way through its Bullish Leg (we are currently on its 3rd such Leg) that hits its 1D MA100 before it can justify a rebound to the Channel's new Higher High.
During that test, the 1D RSI forms the exact same Channel Down that hits its 1st Support level at 36.00. The Sine Waves clear show that cyclically it is time for this test so we expect this pull-back to be extended to around 94000 - 93000. The bounce that will follow should test at least the top of the Channel Up at $150000.
But what do you think. Do you view the 1D MA100 as a 'fair' buy entry again? Feel free to let us know in the comments section below!
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Lingrid | EURUSD Potential LONG Play at SUPPORT zoneFX:EURUSD market closed on a bullish note, driven by a strong bullish weekly candle. On the 4H timeframe, the price broke and closed above the swap zone that was respected many times. On the 1H chart, the market shows bullish momentum by forming a higher high and a higher close, indicating a strong upward trend. Given the bullish weekly close, I believe the market will maintain its upward trajectory and continue to push towards the resistance zone at 1.05700. The upcoming news flow for this week will be crucial in determining the market's trajectory, and if it is favorable, I anticipate the price to move even higher. My goal is to resistance zone around 1.05575
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Bearish adventure startsMorning folks,
So, here we go... downside action starts as we've discussed last time. On weekly chart we still wait for confirmation in a way of price close below 3x3 DMA.
While on a daily one price hits oversold level. Those who know about this - we have DiNapoli bullish "Stretch" pattern for now, suggesting the pullback. That's why we do not consider immediate short entry.
Our 4H Diamond has worked just perfect. So everything goes absolutely fine.
For now we consider no longs on daily/weekly basis and waiting for the bounce, supposedly to ~102.20K area. Scalp traders on 1H TF and below could consider scalp long position with the same target.
I mark this setup as bullish because of this pullback. But, in general we keep bearish view...
DXY - Potential Sell At Key ResistanceThe DXY is approaching a key resistance zone, which has historically acted as a strong supply area. This level has seen multiple price rejections in the past, making it a critical area of interest for potential reversals.
The current uptrend has brought the price back into this resistance zone, but there are signs of potential trend exhaustion as the price tests these levels. If the price confirms rejection with bearish signals, such as reversal candlesticks or divergence on oscillators, we could see a downward move.
I anticipate that, upon rejection from this resistance zone, the DXY may head lower toward the 107.548 level. This setup aligns with the idea of a short-term correction within the broader market context.
Let me know your thoughts on this analysis or if you see a different perspective! Feel free to share your insights in the comments!
GBPPLN: Bullish Bounce Expected from Key Support ZoneOANDA:GBPPLN is at a significant demand zone, marked by prior price rejections and strong support level. The current market structure suggests the potential for a bullish reversal at this level if buyers regain control.
I anticipate that if the price confirms a rejection from this demand zone, the market may move upward toward the 5.07402 level.
If you agree with this analysis or have additional insights, feel free to share your thoughts!
COTTON: Buy Setup at Key Support ZonePEPPERSTONE:COTTON is trading within a significant demand zone, marked by prior price reactions and a strong historical support area. This zone has previously acted as a pivot point for bullish reversals, suggesting a high-probability area for buyer interest.
I anticipate that if the price confirms a rejection within this demand zone, the market may move upward toward the 6,824 level, which represents a logical target within the current market structure.
If you have any additional insights or a different perspective, feel free to share your thoughts in the comments!
Pepe’s Weak Price Action Signals Trouble AheadAs with many coins, Pepe saw a massive pump following Trump’s election, with the coin hitting a new all-time high (ATH).
However, the bullish momentum quickly faded. After a marginal new ATH at the beginning of December, the price dropped back to the old resistance level, which had turned into support.
In early 2025, bulls made two more attempts to push the price higher, but both efforts failed, sending the coin back to the support zone.
This kind of price action suggests growing weakness. I expect the current support zone to eventually break. If that happens, the coin could accelerate its decline, potentially targeting the 0.000007 area.
Dogecoin: Trading What You See, Not What You Hope ForThe crypto world is buzzing about the acronym D.O.G.E., with many hoping this hype will ignite a massive price explosion for Dogecoin.
However, the market has repeatedly failed to deliver. In fact, every rally this year has been met with heavy selling.
As I often say, " trade what you see, not what you dream of ." And from a purely technical perspective, what I see for Dogecoin right now doesn’t look promising.
A Look Back: The Trump Pump and the Aftermath
Dogecoin experienced a massive pump last year, fueled by Trump’s presidential election win. But after the initial euphoria, the market cooled down, and Dogecoin entered a correction phase.
Leading up to Christmas, the price even temporarily dipped below the horizontal support level at $0.35. While the start of 2025 brought a recovery above this support, bulls have struggled to maintain their gains.
The Current State of Dogecoin
Even the brief spike two days ago, which initially looked promising, was quickly reversed. As of now, Dogecoin has returned to this critical $0.35 support line, showing continued weakness.
What’s Next?
Given the current price action, my expectation is that this support will eventually give way. If that happens, we could see Dogecoin drop to around $0.26, a level that might offer stronger support.
The Bottom Line
Dogecoin’s technicals suggest caution, not optimism. While the D.O.G.E. hype might tempt some into dreaming of another rally, the charts tell a different story. If you’re trading Dogecoin, stay focused on the reality of the price action and be prepared for potential downside.
As always, trade wisely and stick to the facts, not the fantasies.
GOLD MARKET ANALYSIS AND COMMENTARY - [January 27 - January 31]Last week, the gold market continued to benefit from concerns related to tariffs and US President Donald Trump's statements on interest rates, along with a decrease in US bond yields and the USD, and gold prices traded. trading near a 3-week high of above 2,750 USD/ounce.
Ahead of the monetary policy meeting next week, it is predicted that the US Central Bank will keep interest rates unchanged and there will only be one interest rate cut this year, while Mr. Trump called on banks to Global central banks lower interest rates. This means there may be disagreements between Mr. Trump and the Fed. This is something that traders are paying attention to and gold prices are likely to benefit from its role as a safe haven asset.
This week's economic calendar will focus on central banks globally, with the US Federal Reserve and Bank of Canada announcing interest rate decisions on Wednesday, followed by an announcement from the European Central Bank. Europe on Thursday.
The market will also pay attention to some US economic data, including the December new home sales report released on Monday, durable goods and consumer confidence reports on Tuesday, GDP Fourth quarter weekly unemployment claims and pending home sales on Thursday, and PCE, personal income and personal spending on Friday morning.
📌Technically, on the H4 chart, this week's gold price has broken out of the Downtrend line and the important resistance level at 2725, gaining momentum to near the 2790 resistance threshold. Next week, if the 2790 resistance mark is broken, broken, gold prices will continue to set record high prices for early 2025.
Notable technical levels are listed below.
Support: 2,730USD
Resistance: 2,770 – 2,762 – (All-time high)
SELL XAUUSD PRICE 2831 - 2829⚡️
↠↠ Stoploss 2835
BUY XAUUSD PRICE 2712 - 2714⚡️
↠↠ Stoploss 2708
IBKR Interactive Brokers Group Options Ahead of EarningsIf you havne`t bought IBKR before the previous earnings:
Now analyzing the options chain and the chart patterns of IBKR Interactive Brokers Group prior to the earnings report this week,
I would consider purchasing the 200usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $3.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Bitcoin- Something is Rotten in Denmark- Cause of Concern?In my previous BTC analysis, I mentioned that "it's about time for the price to do something" and highlighted that a breakout above 107k could trigger accelerated upward momentum, potentially leading to a significant new all-time high with a measured target in the 130K zone.
However, following days of low volatility, Bitcoin has started to decline instead of breaking through the resistance.
Overall, the situation is starting to look unfavorable. Despite the positive news surrounding crypto marklet, Bitcoin's inability to break resistance and reach a new ATH is anything but bullish.
From a technical perspective, as of now, the price is hovering just above a local support level.
If this level breaks, it could once again expose the 90K confluence support. Given the current conditions, this seems like the most likely scenario.
In my opinion, if you’re a speculator, the best approach right now is to stay on the sidelines and observe how the market develops.
USD-CHF Risky Long! Buy!
Hello,Traders!
USD-CHF is trading in an
Uptrend and the pair is
Making a bearish correction
But the price will soon hit
A horizontal support of 0.9020
And after the retest we will
Be expecting a local
Bullish rebound
Buy!
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EURUSD Will Move Higher! Long!
Take a look at our analysis for EURUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.049.
The above observations make me that the market will inevitably achieve 1.057 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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Solana- Two bullish targets (320 and 380)The launch of BINANCE:TRUMPUSDT gave a boost to BINANCE:SOLUSDT with the price breaking above 220 local resistance and soaring with more than 30% to 295.
As expected after such a rally, the price entered a correction phase, and at the time of writing, Solana is trading around $260.
Symmetrical Triangle Formation: A Bullish Sign?
During this consolidation period, a symmetrical triangle pattern has emerged on the charts. This formation is often a signal of a continuation of the prevailing trend. If Solana manages to break through the triangle's resistance, it could lead to an acceleration of the upward momentum.
Potential Targets for Solana
Based on classical technical analysis, the first target is calculated using the triangle's base. This suggests a potential rise to $320. However, if we consider the momentum from the previous leg up, the target could stretch as high as $380.
Outlook: Bullish Above $200
Regardless of which target is reached, Solana remains strongly bullish as long as it holds above the critical $200 support level.
Traders and investors will want to keep a close eye on price action, especially for a breakout of the current consolidation.
GBP_JPY RISKY SHORT|
✅GBP_JPY is retesting a resistance level of 195.000
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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EUR-USD Strong Breakout! Buy!
Hello,Traders!
EUR-USD is trading in a
Local uptrend and the pair
Made a bullish breakout of
The key horizontal level
Of 1.0458 which reinforces
Our bullish bias and will
Be expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!