Weekly FOREX Forecast Jan 20-24thThis is an outlook for the week of Jan 20-24th.
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD is at a higher time frame Supply Zone. This coincides with the Inauguration Day for Trump. The USD Index will potentially start to turn over here, if the 2016 Inauguration Day is used as a model. No selling until a bearish break of structure! But stay vigilant, and be careful buying into a HTF Supply Zone!
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Supply and Demand
Alikze »» SOL | Ascending channel - 1D🔍 Technical analysis: Last corrective leg, to the order block area
📣 BINANCE:SOLUSDT was analyzed and reviewed in the 4-hour and 8-hour time frames in previous posts, which touched their targets.
🟢 It is currently moving in an ascending channel on the daily time frame, which is correcting again to the bottom of the descending channel after reaching the channel ceiling and an unsuccessful breakout.
🟢 Given the current corrective structure, it can have two movement scenarios.
💎 Scenario 1: If it cannot break the red box area, it can continue the correction to the order block area.
💎 Scenario 2: If the red box area is not broken, the correction to the bottom of the channel and with a lower leg, it can meet demand and retest the previous ceiling.
🔔 If the behavior and structure change, the post will be updated.
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Gold at the point of full potentialGold has reached a strong resistance level on the 1-day time frame with an upward trend on the 4-hour time frame. The base scenario on the 1-hour time frame is bearish. If the support breaks, and if the resistance breaks on the 1-hour time frame, the bullish scenario is activated.
Gold: Are We Ready for a Rise in the Yellow Metal? On the 4-hour time frame, we are still waiting for gold to stabilize above $2,700. However, the pullback on Friday has increased the likelihood that gold may fail to break the $2,700 resistance again. We should wait for the market's reaction after Mr. Trump's inauguration event.
On the 4-hour chart, we are seeing a reaction to the identified supply zone. It remains to be seen whether this reaction will result in a pullback or signal the start of a new corrective wave in gold prices.
The broader outlook of Tether dominance (8H)First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT
Many are asking about a broader perspective on Tether dominance. Our outlook from a zoomed-out perspective is as follows.
The green zone is very strong and unbreakable!
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BTCUSD BullishFor those who have been following my BTC predictions; I am still in the bullishs trend, the pair went down and to retest the broken structure of the resistance now becoming the support line, it should go up from the line and my price point to consider if its going up or down is around 107,000; then we should see if it respects the resistance line or if it breaks to decide again where the pair is going.
This analysis is purely on technical aspect, and it does not reflect the fundamental aspect of the pair; please make sure you also check the news before you consider buying this coin.
Trade with caution always and make sure you reduce your risks of losing!!
ONDO ANALYSIS (4H)From the point marked as "start" on the chart, it seems the ONDO correction has begun.
This correction appears to be a diametric pattern.
If it reaches our entries, we will open positions.
The targets are specified on the chart.
Closing a daily candle below the invalidation level could invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
PYTH/USDT: Trendline Break with Triple Wave TargetHere's a concise analysis of the PYTH/USDT 4H chart:
Technical Setup:
- Breaking out of descending trendline (yellow)
- Current price: 0.3697 USDT (+9.06%)
- Forming ascending channel (gray lines)
- Key resistance zone: 0.48-0.52 (purple box)
Projected Targets:
1. 0.40
2. 0.45
3. 0.51
Key Levels:
- Support: 0.33 (marked as stop loss)
- Current resistance: 0.37
- Volume confirming breakout (15.77M)
Strategy:
Long above 0.35 with stop loss at 0.32
First target at previous resistance 0.40
Chart shows strong reversal potential with clear target zones marked by the ascending channel and resistance box.
Risk Management Note:
Always use proper position sizing and consider the volatile nature of this asset
* DO YOUR OWN RESEACH * DYOR
BITCOIN (BTCUSD): Will We Test ATH Soon? Following a strong upward trend in Bitcoin this week, the price reached the resistance line of a rising parallel channel and began to retrace.
I see a classic support cluster forming within a horizontal range and the support line of the channel on a 4-hour timeframe.
Currently, the market is testing this zone.
I predict that there will be a bullish rebound leading to further upward movement, possibly reaching 106,000 and potentially even testing the all-time high.
Conversely, if the price managed to break and close below the confluence zone, that would be a strong bearish signal.
BTC Update (4H)Bitcoin seems to have made a strong bullish move, and an important knot has been cleared. This clearing will likely retrace downward but with a time correction.
The target is the green circle.
Closing a daily candle above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
SPELL is set for a bull run aheadThe liquidity pools are located at the top of the chart. The upper pivots have been used up. This is suitable for Spot trading. After clearing 0.00014580, we can initiate a BUY when the price returns to the green zone and hold the position until it reaches the red zone.
To manage risk and control traders' emotions, target levels have been provided where traders can take profits in stages and move their stop-loss higher.
A candle closing below the invalidation level will invalidate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BITCOIN (BTCUSD): Test of All Time High Soon?!
Looks like Bitcoin is going to retest the resistance cluster
based on a current all time high soon.
The price is currently retesting a recently broken horizontal resistance.
A bullish wave may initiate from that.
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VSA climax candles without follow-up volumeThe indicated candles are great examples to locate weak supply zones.
As we see, these topping candles with locally high volume pinpoint supply areas where sellers are entering the market. The fact however that there is no real follow-up volume behind the supply is suggesting no real selling pressure or change in trend.
These candles are important to watch, as their upwards breach is usually a reliable signal of trend continuation.
BTC BUY IDEALooking for BTC to complete a confluence play here at retest 108k area. I believe a Long is like here for a few different reasons. The first on being as mentioned before, the confluence, last time we were are these price levels we ran to $108k+. So I believe confluence is likely here. Next reason being the pending orders. Naturally since the previous high there are some pending long orders to be activated and generally speaking the “institutions” would benefit from orders activating..
Long trade
2min TF Entry
Pair BTCUSD
Buyside trade
Entry
NY Session PM
1.13 pm (NY time)
2min TF Entry
Entry 104642.0
Profit level 105223.4 (0.56%)
Stop level 104196.3 (0.43%)
RR 8.4
Reason: Observing price action on 17th Jan seems to suggest buyside momentum as well as be holding at the support zone or order block (OB) region.
AUDCHF - Potential Short Opportunity from Key ResistanceOANDA:AUDCHF is currently testing a significant resistance zone. Historically, this area has seen strong selling pressure, leading to notable bearish moves. The recent bullish push into this resistance zone suggests a potential for sellers to regain control.
A bearish confirmation, such as rejection candles, bearish engulfing patterns, or long upper wicks, would increase the probability of a downward move. If this scenario unfolds, the price could head toward the 0.56623 level.
Traders should remain cautious and wait for clear signs of selling pressure before considering short positions. Proper risk management is essential, given the possibility of a break above the resistance zone.
What are your thoughts on this setup?
XRP - Targeting $7-8After a late 2024 rally, the crypto market entered a correction, but signs now point to recovery. XRP, the third-largest cryptocurrency by market cap, is leading the charge with a 10% daily gain, breaking out of a contracting triangle pattern. With the "E" wave potentially completed, XRP could target $7–$8 in the next bullish leg, supported by strengthening technicals and rising participation.
#XRP #CryptoMarket #Blockchain #CryptoUpdate #MarketTrends
Disclaimer: For informational purposes only. Not investment advice. Past performance is not indicative of future results.
GBP/USD Shorts from 1.22800 back downMy idea for GBP/USD (GU) this week is slightly different from the others. Currently, GU is positioned between significant liquidity zones, with the most immediate valid POI being the 50-minute supply zone located above the Asian high. I expect the price to sweep that liquidity before reacting to the supply zone and targeting the trendline liquidity below.
After the liquidity sweep and a break of structure, a new supply zone is likely to form. However, at this stage, price action is less clear compared to how EUR/USD (EU) is moving. Therefore, I’ll exercise extra caution in my confluences and avoid overly ambitious take-profit targets.
Confluences for GU Sells:
Significant liquidity below in the form of a trendline that needs to be taken.
A clean 50-minute supply zone sitting above a pool of liquidity.
GU remains bearish overall on higher time frames.
The POI is at an extreme point within the current structure.
DXY remains bullish, supporting this bearish outlook for GU.
Note: If the price breaks the supply zone and then forms a break of structure to the upside, I’ll shift my focus to buy opportunities, similar to my plan for EU.
Have a great trading week, everyone!