Signalsprovider
Dollar bulls are strong hereIt has now been exactly a month since the DXY dropped to its price at the start of the year, which also serves as a technical support level. The price has bounced back from this zone twice but has failed to break above the 102 resistance, falling back each time.
However, each time the bears attempted a decisive break downward, the bulls stepped in and pushed the price back up. Although the price did dip below the support zone on two occasions, these breaks were minor (around 0.2%) and did not qualify as significant.
Yesterday, the price once again reversed strongly from this well-established support zone. It seems as though the bulls are waiting for a catalyst to trigger a true reversal.
I anticipate that the USD will strengthen in the coming days and weeks.
A break above the 102 resistance would confirm a bottom and open the path for further gains, with 104 as the next target.
Gold's Aggressive Rally. Still looking for correction thoughWith Gold making new all-time highs every day since Friday and no resistance levels in sight, it's challenging to time and find an entry point for a short trade.
Although my short position from yesterday hit the stop-loss, my view remains the same: Gold should correct by at least 500 pips.
Technically, since the low last Thursday, Gold has surged by 1,200 pips, with this move contained within a very aggressive uptrend channel, which is often a sign of a final leg in a rally.
Currently, the price is testing the median support, but more confirmation is needed before entering a short position.
This could happen with a daily close below 2630 or if there's a failed attempt to reach a new ATH during the day.
In conclusion, while I remain bullish in the medium term, at this moment, I am focused on identifying a strong entry point for a short trade, expecting a 500 pips correction.
Lingrid | GOLD sustained MOMENTUM towards HIGHER LevelsThe price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD has reached the important level of 2650 and broke and closed above it on the daily timeframe. Since there is no historical resistance above this level, the price may continue to push higher. Currently, we are seeing a pullback from the resistance zone, which presents an opportunity to go long from the support area. If the market pulls back toward the support zone and shows signs of rejection, we can anticipate a movement to higher levels. My target is resistance zone at 2670.
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EURUSD capitalizing on bullish momentumEURUSD is currently consolidating below the psychological level of 1.12000. On the daily timeframe, the price is retesting last week’s high, which could potentially break to the upside. Tuesday’s close with a strong bullish candle indicates a possible pullback toward the support area, offering a chance to catch the move in anticipation of a trend continuation. The price may bounce off the support level and the downward trendline. The target is the resistance zone around 1.12230
Lingrid | EURUSD capitalizing on Bullish MOMNETUM. Buy PullbackFX:EURUSD is currently consolidating below the psychological level at 1.12000. On the daily timeframe, it is retesting the the previous week's high, which is likely to be broken upside. Tuesday's close was marked by a strong bullish candle, suggesting that a pullback toward the support area may occur, providing an opportunity to catch the pullback in anticipation of trend continuation. I expect the price to bounce off both the support level and the downward trendline. My target is resistance zone around 1.12230
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Lingrid | ADAUSDT level REJECTION. Potential BEARISH moveBINANCE:ADAUSDT reached the resistance zone at 0.39, where it rejected this level by forming an engulfing candle pattern. Over the past two months, the market has been moving sideways on the daily timeframe. However, the overall trend remains bearish, similar to many other altcoins. Given that the market has reached the top of the range, I anticipate a pullback as it continues to consolidate in this zone. Furthermore, the market has formed an ABC pattern, which typically suggests that a retracement is imminent. This further increases the likelihood of a pullback from the resisatnce. My target is support level 0.36
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Lingrid | AUDUSD breakout and RETEST Continuation TradeFX:AUDUSD broke and closed above the psychological level of 0.6800. As observed, it has established a range zone above this level. Given the overall bullish trend, I believe there is a good chance that the market will continue its upward movement. Currently, the market is testing the weekly level, and it may remain within this range for a while. I anticipate that the market will roll back to the strong support level below and (possibly) the trendline before making a move higher, ultimately breaking and closing above the recent higher high (HH) level. My target is resistance zone at 0.68570
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Gold- Correction loomingGold began the week by setting new all-time highs, with the latest at 2644.
However, the bulls appear to be losing momentum, and the recent rise has formed a small rising wedge, which suggests a potential pullback.
In conclusion, while the medium-term outlook remains very bullish, in the short term, I’m looking to sell in anticipation of a test near the 2600 zone or just slightly below.
Lingrid | GOLD Weekly ANALYSIS: Hitting Another ALL-TIME HighOANDA:XAUUSD market started the week by pulling back, but then showed signs of strength after the rate cut. I think the 2550 level is a key support level; as long as the price remains above it and I believe gold possibly can move significantly higher next weeks, and 2700 is a realistic target if we have some healthy correction in the market. The recent rate cut by the FED and global trend toward lower interest rates favor gold pushing the gold to higher level .
On the daily timeframe, the market has closed above the 2600 psychological level, reaching an all-time high. Currently, the price action has established a weekly range, indicating that the market may consolidate within this range next week. The last weekly candle though suggests that the market could reach the next psychological level at 2700 if it manages to close above the previous week's high (PWH).
Additionally, on the 4H timeframe, the market has formed an equal lows, indicating a possibility that it may temporarily drop below this level to take liquidity, which would mean moving below the 2600 support level. Overall, I expect short-term pullbacks as potential buying opportunities at levels that provide strong support. While the trend is clearly bullish, it’s important to remain patient and wait for pullbacks to identify favorable entry points.
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Lingrid | NZDUSD updating SWING highs. Bullish MOMENTUMFX:NZDUSD is making higher lows, indicating bullish pressure, though the higher highs are relatively at the same level, suggesting a potential breakout of resistance. The recent formation of a bullish continuation a triangle pattern, typically signals that the market is consolidating before a potential breakout. As the market approaches the psychological level of 0.63000, which acts as a resistance zone on the daily timeframe, there is a possibility that it might break through this level. The price action on the daily timeframe appears very bullish, therfore I expect the market to a pullback before attempting to break through this resistance and continue higher. My target is resisatnce around 0.62990
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Lingrid | BNBUSDT Long Signal: Downward CHANNEL breakoutThe price perfectly fulfilled my last idea. It hit the target. BINANCE:BNBUSDT has broken and closed above the downward channel, which is a bullish sign. This move suggests that the market is likely pricing in the potential release of the CZ from jail, and this event could further propel prices to higher levels. Additionally, the price has broken and closed above the $600 psychological level, reinforcing the bullish sentiment. However, I anticipate a pullback toward the channel's upper border, as well as the upward trendline. Once this pullback occurs, I expect the market to continue its upward trend from that point. Keeping an eye on price action during the pullback will be important to confirm the potential for continuation. Mya target is resistance zone around 660.0
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Lingrid | EURUSD opportunity Amidst CONSOLIDATION ZoneFX:EURUSD is currently moving down toward the support level, influenced by a day filled with high-impact news on the EUR. If we take a closer look, we can see that the price action is in a consolidation zone near the resistance. It seems likely that the market will retest the previous weekly low and potentially move below the equal lows. However, since the overall trend remains bullish on the daily timeframe, I believe that if we see a rejection signal at the support level and the downward trendline, we can anticipate a potential move higher. My target is resistance zone at 1.11360
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Lingrid | BITCOIN Short-Term Pullback near RESISTANCE LevelThe price perfectly fulfilled my last idea. It hit the target zone. BINANCE:BTCUSDT has reached the resistance zone around 65,000, where we previously saw a significant drop. Although the market broke and closed above the downward channel, on the daily timeframe it remains in a consolidation phase, oscillating between the top and bottom of the range. Recently, the price has approached the top of this range, suggesting a potential bounce off this level. Additionally, a divergence at the resistance zone further increases the likelihood of a price move to the downside. This combination of factors indicates that we may see a short term pullback from the current levels. My target is support level at 61,000.
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Lingrid | AUDCHF channel Breaking. Potential LongThe price perfectly fulfilled my last idea. It hit the target. FX:AUDCHF has broken and closed above the downward channel. On the weekly timeframe, a long-tailed bar has formed, indicating a strong bounce off the support level. The market has consistently respected the 0.5600 psychological level, having bounced off it multiple times. Given the bullish momentum gained this week, I expect the market to continue moving higher. This could signify a potential reversal or continuation of the upward trend, especially if the market maintains its strength above the support level. My target is resistance zone at 0.58400
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