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GBPUSD Technical Analysis and OutlookPrevious Observations: Long-term Downtrend: Confirmed downtrend from mid-2021. Major Support Breach: Below 1.2000 in late 2022. Recent Recovery Attempt: Above 1.2400, buying pressure still evident. Key Resistance Zones (1h): Current level @ 1.2450 Key Resistance Zones (4h): 1.2500-1.2600. Key Support Zones (Weekly): 1.2000 and 1.1800 - There's room to keep pushing lower. Potential Buying Climax (Daily, 4h, 1h): Steepness of recent rise hints at possible pullback. Additional Bearish Confirmations for Potential Shorts : - Price tested and bounced off the 200 EMA several times in Dec 2024 (4h). - The pair is currently hovering around the 50% retracement level of the recent short-term decline, a common area for price reversals. - Bearish divergence confirmations have already presented this week on the hourly time frame. This is a tell-tale sign of institutional orders being filled at specific levels and generation of further supply. (This may be the conclusion of a 'PHASE C' in a redistribution cycle). - The dollar shows no signs of weakening against the GBP both in technicals as well as fundamentals (Recent data shows the U.S. economy added 256,000 jobs in December, surpassing forecasts and reinforcing a strong dollar narrative). Conclusions: Considering that we see a trendline breakout followed by strong bearish reactions which are ideally happening at HTF supply levels, we can assume that the fractal nature of the markets will play out accordingly. We should not ignore the fact that price has reacted from LTF demand or that we saw a recent bullish imbalance filled- entering shorts off the current supply level should only be done with sufficient confirmations (we may have to look at how the London session open influences price action). Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading involves significant risk, and it's essential to conduct your own thorough research and analysis before making any investment decisions. Past performance is not indicative of future results. Always use appropriate risk management techniques and trade responsibly.
Short
by Apexfx_Alpha
BTC 1D Interval Chart ReviewHello everyone, I invite you to review the current situation on BTC. When we enter the one-day interval, we can see how the BTC price moved in the local downtrend channel, from which we got an exit at the top and currently we can see how the price is fighting to maintain the position above the previous channel, and as a result, it has created a new local uptrend line for us. Here we can see how the current rebound brought the movement closer to the resistance at $ 105,300, and then a strong resistance zone is visible from $ 107,700 to around $ 110,000. Only when we leave this zone at the top will the price be able to continue towards the very strong resistance level at $ 113,400. Looking the other way, we can see that when the trend reverses, we first have a support zone from $102,000 to $99,900, but if this zone is broken, we can see a quick return of the price to the area of ​​the second very strong support zone from $94,470 to $90,450. On the MACD indicator, we can observe a fight to maintain the local upward trend, while lower on the RSI indicator, we can see that the increase in price has given a dynamic movement on the indicator, but we still have room for the price to go to a higher level.
BINANCE:BTCUSD
by cryptodailyuk
3
NASDAQ 100 (NAS100USD): Assessing the Potential BreakoutOver the past few months, the NASDAQ 100 (NAS100USD) has demonstrated a clear upward trajectory, marked by higher highs and higher lows—a classic sign of sustained bullish sentiment. However, we've seen periods of consolidation and recent volatility - let's take a look at its current technical landscape. Current Market Overview: As of January 29, 2025, the NASDAQ 100 is trading at approximately 21,600, a level that has served as a significant pivot point in recent trading sessions. A decisive move above this threshold could validate the ongoing uptrend and open the door to further gains. Key Levels to Monitor: Immediate Resistance : The 21,600 level is crucial. A sustained break above this point could signal the continuation of the bullish trend. Support Levels : Should the price retreat, the 21,300 - 21,200 are notable support areas to watch. Recent Developments: The market has recently experienced heightened volatility, notably a sharp dip around January 27, followed by an aggressive recovery. This shows how unpredictable the market can be and hints at continued bullish movement. Strategic Considerations: Breakout Confirmation : A sustained move above 21,600, ideally accompanied by increased trading volume, would provide stronger confirmation of the breakout. Support Retest : If the price successfully breaches the 21,600 resistance, this level could transform into a support zone. A subsequent retest of this level as support could present a compelling entry opportunity for long positions. However , considering the Fed decision and fundamental factors around todays announcement - the most likely scenario would be slightly hawkish or a hawkish pause , which would be somewhat negative for the index. This would allow price to experience a temporary drop back down to the previous support (demand) level of 21,200 before buyers re-engage. Trading Strategies: Long Positions on Breakout Confirmation : A clear break and close above 21,600 could signal a long (buy) entry. Long Positions on Retest of Support : A pullback to the 21,200 support level (assuming it holds) could offer a better opportunity to enter long positions. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading involves significant risk, and it's essential to conduct your own thorough research and analysis before making any investment decisions. Past performance is not indicative of future results. Always use appropriate risk management techniques and trade responsibly. OANDA:NAS100USD IG:NASDAQ PEPPERSTONE:NAS100
OANDA:NAS100USDLong
by Apexfx_Alpha
NVDA Long After Nearly 20% DeclineNASDAQ:NVDA got hit hard by the huge sell-off today and because of the DeepSeek release. The Chinese GPT alternative claims to be better or at least as good as GPT using way less and way older NVDA GPUs. If true, this could create a lot of stress on the CapEx of big US tech companies because the managers will ask their employees why they needed to buy all of those expensive GPUs if they are not necessary at all. That would lead to shrinking sales at NVDA. So far, so bad. But, we should not forget that misinformation is always a thing when talking about Chinese companies and claims. I also don't think that the result of such a claim would be that tech companies lower their CapEx and start doing less. Instead they will use this to understand how DeepSeek works and how they can be better than their Chinese counterpart using way more powerful GPUs. So, this huge sell-off could trigger a bounce from this confluence support. We perfectly hit the upward trend and a support level at $118. So, be brave and test the water. Target Zones $131 $140 Support Zones $118
NASDAQ:NVDALong
by LGNDRY-Capital
3
USO Bearish Outlook: Sell Opportunity as Momentum Shifts Current Resistance Zone: The price is currently testing a strong resistance zone around the $83 level. in the past, this level has been a turning point for price movements. Potential Reversal: The chart suggests a possible rejection from the resistance zone, with a projected short-term correction to approximately $78.82 . Key Levels: -Resistance: $82.75–$83.25. -Support: $78.82 (highlighted as target). Scenario: After testing the resistance zone, a pullback towards $78.82 is expected, aligning with previous price behavior. A confirmed break above $83 would invalidate this bearish outlook. Note: Always combine technical levels with broader market context and risk management.
AMEX:USOShort
by TrendDiva
Ethereum in the Golden Zone: Bounce or Breakdown?Ethereum (ETH/USDT) Weekly Analysis: Trendline Support: The price has repeatedly found strong support along the upward-sloping trendline, maintaining a bullish market structure. Key Zones: Support Zone: The critical support lies between $2,200 and $2,400, aligning with the golden Fibonacci retracement zone (0.618 - 0.786), making it a significant area for potential accumulation. Resistance Zone : The major resistance lies between $3,900 and $4,100, where the price has previously faced selling pressure. Outlook: Bullish Scenario: A bounce from the support zone and trendline could lead to a retest of the resistance at $3,900–$4,100. Bearish Scenario: A break below the trendline and $2,200 could signal a deeper correction. Please do Like, comment and follow for more insights.
Long
by unichartz
GBPZAR - Potential Long to enterOANDA:GBPZAR is approaching a robust support zone, marked by historical bullish reversals and strong buyer interest. The recent bearish pressure has brought the price into this critical area, creating a potential buying opportunity. I anticipate a move toward 23.1840. However, a breach of this support could invalidate the bullish outlook and lead to further declines. Make sure to carefully assess price action at this level and ensure proper risk management before taking positions. Agree with this analysis? Let’s discuss further in the comments section!
Long
by TrendDiva
1
SELL USDJPY H4 | FOREX BEEHey Traders, This USD/JPY H4 chart appears to show a descending triangle formation, typically signaling a bearish continuation pattern. The key levels and considerations are: 1. Trend Analysis: - The market seems to have broken the ascending trendline (blue) decisively, suggesting strong bearish momentum. - The price is currently trading below key resistance zones (highlighted in red). 2. Fibonacci Level: - The 0.618 Fibonacci retracement (155.01) was tested but failed to hold, further indicating bearish strength. 3. Target Zones: - A bearish move toward the next demand zone near the 0.236 Fibonacci level (~151.18) appears likely, as marked on the chart. 4. Retest and Continuation: - The blue arrow suggests a possible retest of the broken support-turned-resistance zone before continuing downward. ### My Thoughts: The chart indicates bearish bias, with the next likely target near 151.18. However, monitoring the retest area closely for rejection signals to confirm the continuation is essential. Fundamental factors like USD or JPY economic data can further drive this movement.
Short
by forexbeesignals
AUDCAD after long time, can we see bullishness OANDA:AUDCAD long period of bearishness, personally having long position from Jul. last year i am have already shared one idea on AUDCAD which is still actual and will attach her. What here now we have is long DESCENDING CHANNEL, currently its breaked and we have some bounces on sup zones. Technically picture is strong bullish. Here after long time of bearishness, having strong bullish expectations to start. TO KNOW: We are have and upper DESCENDING CHANNEL(white lines), which is be breaked and price is start falling, currently if we see now bullish push, price is expected to come in "UPPER CHANNEL" if that happens, will share and new idea and will be same with bullish expectations. SUP zone: 0.88900 RES zone: 0.90400, 0.90700, 0.91000
Long
by DepaTrading
PALLADIUM - In a significant resistance levelOANDA:XPDUSD is approaching a significant resistance level that has previously seen bullish momentum. This area aligns with a notable supply zone and could present a potential selling opportunity. If bearish signals, such as rejection wicks or bearish candlestick patterns, appear, the price may decline toward 993,000. Crossing above this resistance zone would diminish the bearish perspective and indicate bullish continuation. Key Takeaway: Monitor price action closely at this level and prioritize strong risk management. What’s your perspective on this setup? Share your thoughts in the comments!
OANDA:XPDUSDShort
by TrendDiva
1
Technical Take: USD Support in Play across Key TimeframesAccording to the US Dollar (USD) Index, the USD finished the week on the ropes, down 1.8%. Despite the growing sense that US President Trump may not live up to the hype of his pre-inauguration statements – placing a question mark on USD upside – technical studies appear to favour bulls. Long-Term Technicals Favour Bulls Technically speaking, I have been banging the drum for monthly resistance at 109.33 for quite some time now, which, as you can see, recently entered the fray and held ground. For anyone interested, I am a staunch advocate of yearly opening levels, and 109.33 has demonstrated a solid track record as a support and resistance – extended from as far back as 2001. However, while a notable area, several technical factors support USD bulls. This includes the overall trend facing to the upside, clear (local) support at 105.91-107.39, both the 50-month (101.09) and 200-month (91.16) simple moving averages (SMAs) rotating higher (the 50-month SMA has also been north of the 200-month SMA since early 2017), and, finally, the monthly chart’s Relative Strength Index maintaining position north of the 50.00 centreline since 2021 (positive momentum), albeit scraping the threshold several times since 2023. Consequently, it would appear that sellers have their work cut out for them. Daily and H1 Support Enters the Fight Across the page on the daily chart, Friday wrapped up the session probing through bids at support from 107.77 (now marked resistance) and touched gloves with the 50-day SMA at 107.58, as well as a 61.8% Fibonacci retracement ratio at 107.24 (note that support is also present nearby at 107.05). Although you could argue that the earlier break of trendline support (extended from the low of 100.18) may fuel further technical downside, current support between 107.05 and 107.58 is not an area to overlook, particularly when it blends with the upper edge of monthly support (107.39). Were buyers to take control here, 107.77 resistance is an obvious hurdle before confirming a bullish scenario on the daily scale, while rupturing support could unearth another support as far south as 105.62. Shorter-term flow on the H1 chart is in a clear downtrend, consisting of a series of lower lows and lower highs. Given the break of clear lows around 107.70ish (blue oval area), this intensified downside pressure through tripped long positions and fresh breakout selling. I have been monitoring a key support level from 107.25 for a while, and I believe it may be a platform where buyers begin building a position. This is due to where we are trading from on the bigger picture (monthly and daily support) and fresh liquidity available from the break of short-term lows at 107.70. As you can see, together with the H1 support, a 1.618% Fibonacci projection ratio at 106.86 (harmonic traders may recognise this as an ‘alternate’ AB=CD bullish setup) and a 100% projection ratio at 106.84 (equal AB=CD formation) resides below current support, which buyers may use as their lower threshold to construct a support zone with 107.25. We have already witnessed some buying from 107.25 on Friday. Still, if the daily resistance from 107.77 is consumed, this would likely encourage buying and eventually pave the way toward the monthly resistance mentioned above at 109.33, closely shadowed by another layer of daily resistance from 109.53. Written by FP Markets Market Analyst Aaron Hill
TVC:DXYLong
by FPMarkets
USDCHF - towards 0.90810?OANDA:USDCHF is currently approaching a key support level that has acted as a strong base for upward price movement. Recent price behavior suggests this level could once again turn into a significant demand zone. If we see confirmation of bullish sentiment—such as increased buying activity or reversal candlestick patterns—there’s potential for the price to go towards 0.90810, aligning with the current trend. If the support is broken, it may point to a reversal in momentum, potentially leading to further declines. I am prepared for potential volatility to adjust the risk management accordingly.
Long
by TrendDiva
ON Semi is fundamentally undervalued and ready for a reversalTechnical View NASDAQ:ON ON bounce off from a bigger support area from 2022 at around $53 building an ascending triangle. We have a gap above our current price (which can function as a magnet for the stock price). A smaller resistance at $60 might be our first target and the bigger resistance at $77 could be our final target resulting in 36% ROI. The trade would be invalidated below $50. Since this is a bigger swing trade, I would not put my SL to close to the current stock price. If you’re interested why this is a mid- to long-term swing trade read the fundamental information below. Support Zones $50-53 Target Zones $60 $77 Fundamental View ON Semiconductor concluded the third quarter of 2024 with revenue amounting to $1,762 million, reflecting a 2% increase from the second quarter but a -19.2% year-over-year decline. Nevertheless, the revenue for the quarter exceeded the consensus estimate by 0.70%. The most significant revenue losses were observed in the industrial end-market, with figures reaching $439.90 million compared to the average estimate of $464.97 million, marking a -28.6% decrease. The gross margin experienced a 2% improvement, now constituting 45.4% of total revenue. Looking ahead, the acquisition of GlobalFoundries’ New York plant is anticipated to enhance the company's chip production capabilities. This facility is expected to maintain consistent production costs while simultaneously increasing production efficiency, in anticipation of a future rise in demand. The stock has decreased by 11.26% on a year-to-date basis, with a reported trailing twelve months (TTM) earnings per share (EPS) of $4.03. Management has reported having over $1 billion in free cash flow and plans, according to Barron’s, to utilize half of each quarter’s cash flow to repurchase shares under onsemi’s Share Repurchase Program. The reduction in investments will contribute to increasing free cash flow margins, thereby reinforcing OnSemi’s objective of returning 50% of free cash flow to investors. This, combined with a projected slight improvement in sales growth and profitability, is expected to elevate EPS to $7.11 by 2027. Currently, the company's valuation appears reasonable, trading at a forward price-to-earnings (P/E) ratio of 13.49, which is lower than 90% of the time over the past five years and significantly beneath the S&P 500 P/E ratio as well as the industry median P/E of 25.4. Based on analysts' projections for EPS and maintaining a steady P/E ratio, the company is anticipated to reach a price of $95.91 within the next two years. While this scenario may seem overly optimistic, it is evident that the market is currently undervaluing the stock, especially when compared to its main competitors, such as Texas Instruments and Analog Devices. Since EV is a superior trend I don’t think Trumps political decision will have an impact. In addition, “Vice President” Musk has a, let’s say, not so little interest in selling more EVs.
NASDAQ:ONLong
by LGNDRY-Capital
1
GBPUSD - Potential Long from Key Support ZoneThe GBPUSD pair is currently approaching a significant demand zone near the 1.20200 - 1.22000 level. Historically, this area has served as a robust support level, often leading to strong bullish reversals. The recent bearish momentum has pushed the pair into this critical area, increasing the likelihood of buying interest emerging. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would signal potential upward movement. If buyers regain control, the price may head toward the 1.24427 level. This setup suggests a potential short-term rebound, aligning with a corrective move within the broader market structure.
Long
by TrendDiva