Alikze »» Yooshi | Breaking dynamic triggerIn time 1W, it is breaking the dynamic trigger and according to the guard it took in the first step, it will have the ability to grow up to the specified supply area. If the area fails, it will have the ability to reach its high supply areas. According to the momentum in the 3rd rising wave, this guard will continue until the initial areas.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Sincerely.❤️
Support
PEPE-USDT | 4H | TECHNICAL CHART Hello traders, BINANCE:PEPEUSDT I have determined the formation target on the chart. I wish everyone success.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
PS: Thank you very much that you support me with your likes and Comments
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
EUR/USD Week 14 Analysys/OutlookTime dive into the whirlwind that was Week 14 in the EUR/USD market.
Last week was nothing short of intense, with each trading day bringing its own set of surprises and challenges. Despite the rollercoaster ride, the overall price range remained relatively stable compared to the previous week. It's fascinating to see how the market dynamics played out amidst the volatility. When we look at the order book, it's clear that both buyers and sellers were actively engaged. Buyers were eager for lower prices, while sellers seemed content with slightly lower values for profits, compare to initial volume levels.
Now, let's talk about resistance levels. Bears had set up some formidable resistance in the order book, but as history has shown, Bulls have a knack for breaking through even the toughest barriers. Looking ahead, while we may not see significant changes in the overall price range, I anticipate some fluctuations within that range. It's all part of the ebb and flow of the market. On a longer-term basis, the market has shown remarkable stability since January 15th. It's a testament to the underlying trends that have been driving the market.
So, what does this mean for traders? Well, there's no one-size-fits-all answer, but strategies like grid trading and trend-following could prove fruitful. Of course, proper risk management and strategy testing are crucial. So, while last week may have been exciting, the name of the game is slow and steady profits. It's all about consistency in the trading world.
Analyzing USD/JPY: Recent Trends and Future OutlookOver the past two weeks, the USD/JPY currency pair has experienced relatively little volatility, maintaining a stable level. However, notable is the robust growth of the US Dollar (USD), which has propelled the USD/JPY pair to recover from lower price levels and reach below the 151.00 threshold.
Meanwhile, technical indicators such as the Relative Strength Index (RSI) and Simple Moving Average (SMA) continue to indicate an upward trend for USD/JPY. If prices continue to rise and approach the 152.00 mark, there may be a correction before this currency pair transitions into a stronger upward trend.
Furthermore, investors and traders should consider market factors such as news, economic-political developments, and price fluctuations to achieve desired trading outcomes. Keeping a close eye on these factors will enable you to make informed decisions and navigate the market effectively.
Strategies For Trading Amid USD/JPY FluctuationsThe Japanese Yen (JPY) is striving to leverage its strength to reach its highest level in over two weeks. However, the strength of the US Dollar (USD) has prompted a strong recovery in the USD/JPY currency pair, surpassing the 151.00 threshold. This breakthrough indicates a short-term downward trend, as a crucial support level has been breached.
Despite the robustness of the US Dollar (USD), there are predictions that the Japanese government will intervene in the market to support the Japanese Yen (JPY). This intervention could help minimize the depreciation of the JPY and create balance in the market.
Furthermore, technical indicators such as the RSI and SMA suggest that prices will trend upwards. Despite the strength of the US Dollar (USD), the potential of the JPY still remains, and the market may be preparing for a short-term adjustment before continuing its long-term growth trend.
Therefore, investors and traders should exercise caution and closely monitor market developments and news to manage their trades successfully and efficiently!
EUR/USD Trend Analysis in the Upcoming PeriodAfter the release of the Nonfarm Payrolls and Unemployment Rate reports, there was a boost in the growth of the US Dollar (USD), leading to a decrease in the EUR/USD exchange rate. This reaction was clearly reflected on the technical chart, as the price broke below the significant support level at 1.0800, indicating a strong signal for further depreciation of this currency pair.
Furthermore, the Relative Strength Index (RSI) is expected to continue its downward trajectory and may dip below the 50 level, indicating an increase in selling pressure in the market. The breach of the support level at 1.0800 could pave the way for a subsequent decline, nearing the next support levels at 1.0724 and subsequently at 1.0700.
Anticipated that in the current scenario, selling pressure will persist and the EUR/USD could face further downward momentum in the near future.
EUR/USD Pair Declines as Non-Farm Payrolls Beat Expectations
After the Non-Farm report was released, the Euro experienced a slight decrease of 0.13% against the US Dollar, pushing the EUR/USD exchange rate down to 1.0800 after peaking at 1.0847 earlier in the day.
On Friday, the US Bureau of Labor Statistics (BLS) revealed that the economy had added more jobs than expected. Nonfarm payroll increased by 303K, surpassing both estimates and the previous figure of 270K. Other data indicated a decrease in the unemployment rate from 3.9% to 3.8%, alongside positive adjustments in average hourly earnings.
On the technical chart, the price dropped below the 1.0800, setting the stage for a decline in the EUR/USD pair. The Relative Strength Index (RSI) is trending lower, approaching below the 50 mark. Breaking the 1.0800 support level could further drive the price downwards towards the subsequent support levels at 1.0724 and 1.0700.
EURUSD EURUSD will continue to be affected by the release of US dollar news. Wait for the price to rebound from the support level to execute a successful buy deal.
ADA/USDT 4hInterval Chart ReviewHello everyone, let's take a look at the 4H ADA to USDT chart as we can see that the price has broken out of the pattern trendline and is struggling to stay just below it.
Let's start by setting goals for the near future that we can include:
T1 = $0.69
T2 = $0.78
AND
T3 = $0.93
Now let's move on to the stop-loss in case of further market declines:
SL1 = $0.57
SL2 = $0.52
AND
SL3 = $0.43
Looking at the RSI indicator, it looks like an upward break from the local downward trend line, while the STOCH indicator has room for further decline, which creates more and more room for a potential rebound.
Bitcoin Price Analysis: Short-Term Decline or Upside Adjustment?
Although the price of Bitcoin is currently experiencing a short-term decline, the possibility of a more significant downward adjustment cannot be denied. If the price surpasses the support level at 66,460, we may witness a deeper decline, continuing to touch lower support levels.
However, in this volatile context, when looking at the chart, we see that the RSI indicator is currently stable around the 55 level, and maintaining or even increasing towards 60 could forecast an upcoming price increase. This indicates that despite the short-term adjustment, the potential for Bitcoin price appreciation is still maintained and may become clearer in the near future.
Nevertheless, it's important to monitor news and market developments for informed and effective trading decisions.
Bitcoin's Price Movement In the Upcoming PeriodAlthough Bitcoin is currently experiencing a short-term decline, the possibility of a significant downturn should not be overlooked. If the price surpasses the crucial support level at 66,460, we may witness a deeper decline as the price continues to touch lower support zones.
However, in this volatile scenario, examining charts and conducting technical analysis is paramount. The Relative Strength Index (RSI) is currently trading steadily around the 55 mark, and maintaining this level or even rising to 60 could forecast an upcoming period of price increase. This indicates that despite short-term adjustments, the potential for Bitcoin price growth remains intact and may become clearer in the near future.
GBP/USD Plunges Below 1.2600 Amidst USD SurgeIn recent US trading sessions, the GBP/USD currency pair has dropped below the 1.2600. This sharp decline has been driven by the strong rise of the USD, indicating robust and stable growth in the US economy.
Technical charts illustrate this significant adjustment, with indicators such as the Simple Moving Average (SMA) and the Relative Strength Index (RSI) clearly showing the trend. Specifically, the SMA 20 is gradually trending downwards, indicating increasing selling pressure and the potential for continued decline in the near future. The RSI surpassing the overbought level also signals that the market is being pushed too far, and a correction is inevitable.
With these developments, it's evident that the GBP/USD pair is facing strong selling pressure. The rapid ascent of the USD poses significant challenges for the GBP, and investors need to be cautious of the possibility of further declines.
USD Strength Sends GBP/USD Below Key Support Level of 1.2600In a recent US session, the market witnessed a sharp correction in the GBP/USD currency pair as prices dipped below the crucial 1.2600 level. This pronounced decline was propelled by the strong surge of the USD, indicating robust growth and stability in the U.S. economy.
The downward momentum was also reflected in technical indicators such as the Simple Moving Average SMA and the Relative Strength Index RSI. Observing the chart, we can readily see the RSI entering overbought territory, a clear signal that the downward pressure is intensifying. These signals raise a strong warning that the price of this currency pair is likely to continue its downward trend.
Analysis USD/JPY Market TrendDuring the first half of the European trading session, the Japanese Yen (JPY) experienced daily declines, reaching its lowest point in over two weeks against the US Dollar (USD). This downward movement was spurred by a significant strengthening of the USD, further supported by remarks from Federal Reserve officials overnight.
Technical analysis based on indicators such as Simple Moving Average (SMA) and Relative Strength Index (RSI) has indicated a clear downward trend in prices. If the price breaks below the 151.00 support level, a sharp decline is anticipated, with further support levels being sought thereafter.
PY Dips Following USD MomentumThe Japanese Yen (JPY) retreated to daily lows in the first half of the European trading session after reaching its highest level against the US Dollar (USD) in over two weeks. This decline could be attributed to further USD buying activity, bolstered by hawkish overnight remarks from Federal Reserve officials.
From a technical standpoint, breaking below the 151.00 support level could be seen as a breach of the short-term trading range. Consequently, any subsequent price slides are likely to encounter solid support levels below.
Technical analysis indicates that the price has dipped below the simple moving averages (SMA), particularly the SMA 20, as it crosses beneath the SMA 50 and SMA 100, indicating a stronger downward trend. Additionally, the Relative Strength Index (RSI) is approaching the 50 level, signaling a significant weakening.
EUR/USD Continues Downward Spiral: Nearing Key Support LevelEUR/USD continues its downward trend since Thursday, edging closer to the 1.0830 threshold during the Asian trading session on Friday. The strength of the USD is still being bolstered by market caution, likely influenced by political tensions in the Middle East.
Based on technical analysis, it's evident that the corrective trend of the price is aiming towards the 1.0847 level, yet prices persist below this zone, indicating a potential continuation of the downward trend. Technical indicators such as the Simple Moving Average (SMA) and the Relative Strength Index (RSI) also show clear signs of further price decline. Once the price breaks through the support level at 1.0830, there's a possibility that this currency pair will continue to seek further support levels below.
Technical Analysis: EUR/USD Downtrend Strengthens Near 1.0830 The EUR/USD pair continues to experience declines, edging closer to the 1.0830 level during Friday's Asian trading session. Meanwhile, the USD remains stable, supported by market caution, although it faces the risk of being impacted by escalating geopolitical tensions in the Middle East.
On the technical chart, the Simple Moving Average SMA 20 is trending downwards and is expected to intersect and cross below SMA 50, indicating that the downtrend is being reinforced. However, the possibility of a price rally cannot be ruled out. The Relative Strength Index (RSI) is currently hovering around the 50 level, and if prices remain within this range and rise above the 55 mark, it would signal a potential short-term uptrend.
Technical Analysis: XAU/USD Mild Correction AheadGold declined to 2,285 in the early Asian trading session on Friday after reaching a new record high above 2,300.
Based on technical analysis and the current market situation, it can be predicted that there will be a slight downward adjustment in the price of gold in the near future.
Potential for Price Correction in the upcomning periodThe price of gold declined to $2,285 in the Asian trading session on Friday, following its record high above $2,300 in the previous session. This fluctuation reflects market dynamics amidst geopolitical risks in the Middle East and expectations of monetary policy easing from the Federal Reserve, which have fostered optimism for gold price growth.
Technical analysis of the XAU/USD chart indicates a prolonged upward trend in gold prices for seven consecutive days, followed by a slight downward adjustment. There is a possibility of a significant price correction as technical indicators begin to retreat from overbought levels.
Based on current technical indicators, XAU/USD is likely to continue its upward trajectory after undergoing some corrective measures. However, monitoring market reactions and other key financial factors remains essential for assessing the market's subsequent direction.
BNB/USDT 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart as we can see that the price is moving below the local uptrend line.
Let's start by setting goals for the near future that we can include:
T1 = $586 at which the price is struggling to maintain
T2 = $615
T3 = $636
AND
T4 = $663
Now let's move on to the stop-loss in case of further market declines:
SL1 = $563
SL2 = $527
AND
SL3 = $503
Looking at the RSI indicator, it indicates a potential change in direction, but with room to make another upward move. However, on the STOCH indicator we are moving above the upper limit, which causes the growth to slow down and a possible recovery.
#balkrishnaindia long setup After correction stock formed really good base with volume guttering now it's giving volume spike at resistance if it break it and sustain aboue it. Than it will be really good setup.iys fir education purpose only. Am will be not liable for your any lose.
📈Ethereum/BTC Analysis: Potential Shifts in DeFi Dominance🚨🔍Today, we're analyzing Ethereum/BTC in the weekly timeframe, crucial for understanding Ethereum's position relative to Bitcoin, especially amid the DeFi landscape where Ethereum plays a significant role.
💎Towards the end of 2021, ETH/BTC encountered resistance at 0.08511 and has since been undergoing correction. Upon plotting the Fibonacci retracement, we observed a bounce at the 0.382 level, signaling a possible continuation. However, failure to breach the previous high suggests dwindling buyer strength, potentially leading to downward pressure if sellers enter the market.
🔒Simultaneously, we notice a trendline resistance restraining the price, indicating that price has yet to gather enough momentum to break above it.
📊Examining volume since mid-2023, it appears to be in a range-bound state. However, short-term analysis shows decreasing red candle volume as we approach support at 0.05061. We need to observe if a break of this support correlates with a significant increase in volume.
💥RSI oscillator is currently hovering around support at 39.87. A candle closing below both price and RSI support levels could signal the beginning of a new downward trend.
❌Finally, it's essential to note that the current support level we are testing is critical for the vitality of this chart. If breached, Ethereum may underperform Bitcoin, especially during corrections. Therefore, it's unlikely that the Ethereum community, particularly heavy ETH holders, would allow this support to falter easily.
BTC Market Trend AnalysisLooking at the chart, we can see that the price is currently below the moving averages (SMA). Specifically, the SMA20 line has crossed both the SMA50 and SMA100 lines, and is moving downwards, significantly diverging from both SMA50 and SMA100. This clearly indicates that the market is undergoing a pronounced downward trend.
Furthermore, upon examining the Relative Strength Index (RSI), we also observe that it is below the average level. This indicates the strength of selling pressure and suggests signs of impending price decline.
