EURGBP Massive Short! SELL!
My dear subscribers,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8399 pivot level.
Bias - Bearish
My Stop Loss - 0.8424
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8350
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
Techincalanalysis
AUDNZD: Bearish Continuation is Highly Probable! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the AUDNZD pair which is likely to be pushed down by the bears so we will sell!
❤️ Please, support our work with like & comment! ❤️
NQ Technical chartNQ Analysis
Examining the overall 4-hour trend, we observe a pattern in the downward and upward price movements:
Downward Move (AB): From 22,428.75 to 21,016.75.
Retracement (BC): The upward retracement of BC was exactly 78.6% of the total downward move (AB). Price action moved up to this level before rejecting.
Similarly:
After rejecting at 22,118.75, the price dropped to retest at 20,983.75.
This resulted in another upward retracement (DE) to 21,872.75, which again represented 78.6% of the previous downward move (CD).
On Friday, the lowest tick on NQ was recorded at 20,874.75.
If we apply Fibonacci to the most recent downward move:
The 78.6% retracement level is at 21,674.00, marking a potential area of interest above.
Below, the open areas of interest are:
78.6% retracement at 20,803.50
88.6% retracement at 20,605.75
This highlights key zones for potential price action and reaction points moving forward.
Monday NQ Price Action Prediction Key Levels to Watch:
Support:
20,803.50 (78.6% retracement): Critical support zone.
20,605.75 (88.6% retracement): Deeper support if the lower level is breached.
Resistance:
21,674.00 (78.6% upward retracement): Key resistance zone.
21,872.75: Previous swing high and secondary resistance.
Predicted Scenarios:
Bullish:
A bounce from 20,803.50 could lead to a rally toward 21,674.00.
Breaking above 21,674.00 may push prices to 21,872.75.
Bearish:
Breaking below 20,803.50 could trigger a drop to 20,605.75.
Rejection at 21,674.00 may signal continued downside toward support levels.
GBPAUD My Opinion! SELL!
My dear friends,
Please, find my technical outlook for GBPAUD below:
The price is coiling around a solid key level - 2.0203
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.9886
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
CADCHF Technical Analysis! BUY!
My dear friends,
Please, find my technical outlook for CADCHF below:
The price is coiling around a solid key level - 0.6285
Bias - Bullish
Technical Indicators : Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.6310
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
GOLD Under Pressure! SELL!
My dear followers,
I analysed this chart on GOLD and concluded the following:
The market is trading on 2662.9 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2650.4
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
EURJPY Massive Short! SELL!
My dear subscribers,
My technical analysis for EURJPY is below:
The price is coiling around a solid key level - 163.75
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 162.82
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
CHFJPY Expected Growth! BUY!
My dear subscribers,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 173.20 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 173.50
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
USDJPY Will Collapse! SELL!
My dear followers,
This is my opinion on the USDJPY next move:
The asset is approaching an important pivot point 158.40
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 157.58
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
GBPNZDRemember, when I was doing this analysis and setting the high target, the environment I was working in did not allow for such an ambitious idea that the parity rate in the GBPNZD symbol would even come close to my desired price range!!
I must say that since the date of the analysis, this symbol has grown by 800 pips and the final target shows a range of 1600 pips!
Finally, I must say that in my opinion, the current downward fluctuations are a good situation for a BUY position for the desired goals.
USD/JPY: where is my carry trade?Hi everyone,
Since my last idea, a lot has changed. My swing target of 150 was reached, and buyers took over in December. Recently, USD/JPY hit a 6-month high of ~158.5.
Since that low at 150 in December we saw different major signals from UJ:
"When the last buyer died..." buyers volume spike on 19 of December. Healthy accumulation on 4 of December supported the rally, showing more love for the dollar than yen.
"Heyyy, I know this thing—order block!" Post-Dec 19, price rose to 158.4 with waning buyer volume and mounting shorts. OB or just noise? Suspicious either way.
"Is this still an uptrend?" Price action shows small but consistent higher highs/lows. Volatility indicators hint at rising consolidation.
"Dollar supremacy forever?" Yes, dollar is stronger, but corrections happen. Whether at 70 or 175 USD/JPY, dollar will still be stronger.
"BoJ wouldn't intervene before 160. Are they bluffing?" May be possible, but I doubt it. The finance minister concern was very high yen depreciation and they mentioned that "we wouldn't let USD/JPY reach 160". But Japan’s MO is more stealth than spectacle I think.
Lastly, for my technical analysis lovers, pitchforks . Pitchforks are a more "hipster" way to draw trendlines. Maybe also more mathematical way. They are easy, but advanced pitchfork usage may be tricky.
As you see in the chart, we’re stuck between an upper bound and a demand zone. This supports my idea of consolidation, since the demand zone and the upper pitchfork are the current support and resistance.
Another one for tech analysis lovers. Elliott Waves . There is a possibility that we are in the so called "elliot correction waves", which is often seen after an uptrend. Leg A was the summer drop, leg B took us to 158.5, and leg C could dip us to 136–146. Probability? No idea, but the range fits the pitchfork, Elliott theory, and interest rate differential. Your guess is as good as mine.
Chapter 1: Rising Distribution – Not Your Average Wyckoff
The distribution I am talking about is not the Power of Three or AMD distribution concept. For old school lovers, the distribution I mean is based on Wyckoff method. Wyckoff was an analyst who described the difference between trends and ranging markets way before traders had 3 screens with gradient indicators and fancy ways to detect the regime.
In his method, there is a thing called "distribution". It is when the institutions are fed up with the uptrend and want to sell an asset. This is also when the "buys" are transferred from institutional hands to our, normal traders, hands. How does it work? FOMO, news and herd instinct. This is where "don't stand in front of an ultra-fast train" fails.
Classic Wyckoff distribution : the point where institutions get off the train, and retail traders hop on thinking it’s express to the moon. Rising distributions happen when the crowd still expects an uptrend, but the big players quietly exit. Seems like they have another train plan. At least, that's what the volume delta says. :)
Chapter 2: The Macro Mix
US is strong. Still solid. Even with inflation and bubbles, USD rides high thanks to its post-WWII economic dominance. This allows US to export their debt until today. Debt, tech booms, and AI surges aside, the system holds.
We’ve swapped dot-com booms (2000 DotCom Bubble) for AI hype and NVIDIA super-processors. Just like the early 2000s with software, we’re seeing another leap, but with AI, robotics, and LLMs instead of spreadsheets and PCs.
I wont mention any other issues with US economy, you could read that in my previous idea, and Trump tariffs wouldn't help it either, so everything stays the same.
Another thing, but not only concentrated on US: wealth gap. Wealth gaps grow, and some of the folks that were living right in the middle, having more than enough, but not too much, are struggling financially now, or became rich and big. But blindly piling into assets isn't the answer. Markets shift, and the rich adapt.
If you want more insights about the wealth gap and how it may worsen the recession, check out the amazing videos from "Garys Economics" . A former Citi bank top trader, Gary specializes in forex, especially Yen and Swiss franc.
Chapter 3: Yen vs. Dollar Carry Trade
The interest rate differential is narrowing. BoJ raised their rates for the first time since the '90s. Japan’s deflationary pressures pushed change . Sure thing Japan has to change something, and they did and will do.
Japan is still a tech and automotive powerhouse, but monetary policy is tricky. Wouldn’t a cheaper yen help exports? Its complicated. Dollar and euro is still doing fine, being ones of the leading currencies in the world and also leading in exports. I don't think that matters that much.
Now, zoom out of the chart. Historically, USD/JPY was 138–145 at similar USD rates. Add the new yen rate, and voilà: you get my 136–146 range.
-----------
Finalizing, USD/JPY is my muse. It is my main trading currency, maybe the only one. The a constant battle between east and west, logic and mystery is truly beautiful. Since Dec 19, it’s been weird for most of us.
Currently with AI surging in trading, we see companies fighting to find the alpha in the market. The strategy that will always work, the key to unlocking the market. This goes on for years and didn't start only now. Markets evolve, new players enter, and unexpected events (Black Swans) rewrite everything. Nevertheless, the "holy grail" strategy doesn’t exist (yet).
More and more AI models are flexible and need to be improved faster and faster. So should your strategy be, even if you are not an AI.
AI or not, adaptability is your true alpha. I’ve also updated my own metrics, ditched outdated ones, and embraced new indicators and models.
Learn some coding. Python, R, and Pinescript will be as essential as Excel soon.
You could also start with pinescript by editing your indicators/strategies in a way, that your ideas are implemented in it.
Never stop learning, even when it feels like the market is gaslighting you.
Navigate the markets like an explorer: decode shifting patterns and embrace the unknown future.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always perform your own analysis before making trading decisions.
US30 Update - Continuation building? Thanks for checking out our latest update. Today, we are looking at the US30 daily chart.
After some heavy selling to end 2024, have we started to find a new point of support? If we see further confirmation price-wise with a new break higher and a new higher low, this could line up with a continuation pattern.
We have run over a few scenarios price-wise that we are watching moving forward. The key to the continuation is a hold of 42,260 support.
Will Trump taking office on the 20th have any influence? We will wait and see, but a break of support and trendline could be a warning sellers have further to go.
Happy New Year, good trading from Eightcap.
USOUSD (Oil) Key support follow up.Thanks for checking our latest update, and happy new year to all. Today, we have followed up on our last oil update. You can see this update on the link below.
The main topic of the last update was a key support area. The area held, and we saw a new rally develop. Today, we have looked at that rally and asked if it's going to break the long-term downtrend or if we could see price contnue to remain rangebound.
We see short-term resistance at $74.75 and short-term support at $73.20.
As always, traders must remain vigilant and stay abreast of the latest updates from OPEC and geopolitical influences, as these factors can significantly impact the market.
Good trading from Eightcap.
AUDJPY Buyers In Panic! SELL!
My dear friends,
AUDJPY looks like it will make a good move, and here are the details:
The market is trading on 98.841 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 98.129
Recommended Stop Loss - 99.245
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
EURCHF The Target Is DOWN! SELL!
My dear followers,
I analysed this chart on EURCHF and concluded the following:
The market is trading on 0.9427 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9384
Safe Stop Loss - 0.9455
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
GOLD Set To Fall! SELL!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2673.9 pivot level.
Bias - Bearish
My Stop Loss - 2693.3
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2643.0
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
AUDCAD Massive Long! BUY!
My dear followers,
This is my opinion on the AUDCAD next move:
The asset is approaching an important pivot point 0.8915
Bias - Bearish
Safe Stop Loss - 0.8899
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8943
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
EURUSD: Bearish Continuation & Short Trade
EURUSD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURUSD
Entry - 1.0300
Stop - 1.0258
Take - 1.0379
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GOLD BULLISH TARGET 2025Based on Elliot Wave analysis, SAXO:XAUUSD Gold is currently in 4th wave of the trend where it has potential to continue moving up to its 5th wave completing it's wave. By using the Fibonacci ratio to measure the upside, it indicates that Gold will probably hit 2858 and 2946 in the future. Taking 3000 as its psychological resistance.
Pattern analysis also shows symmetrical triangle pattern where if Gold has successfully breaks the downtrend line of the pattern, this will confirm that the 4th wave is completed and will continue catching upside target of the wave analysis.
However, if Gold hits the downtrend line resistance which the area correspondent to the Fair Value Gap (FVG) area and starts to decline making minor correction, I would strongly recommend to find the nearest support to become entry point. Note that 2620 - 2610 is the strong support that Gold will probably not going to break to maintain its bullish pattern.
Short term upside Target of SAXO:XAUUSD will be at 2762 as it is the Daily Fair Value Gap (FVG) which is likely for GOLD to hit this area.
Gold Bullish Indication points:
1. Elliot wave on 4th wave
2. Symmetrical triangle pattern
3. Strong uptrend
3. Geopolitical tension
4. Expecting another rate cuts in 2025
History repeats itself:
Last year on mid of February, Gold started its strong uptrend momentum until today where it has gained more than $700 in price. I would expect upward momentum later next February where it will continue going up until 2nd quarter of the year.
Disclaimer!!! Do your own research!!!
If you have any comments on my analysis feel free to drop comments below. Hopefully my analysis can be useful for traders around the world.
AUDUSD Technical Analysis! BUY!
My dear friends,
My technical analysis for AUDUSD is below:
The market is trading on 0.6199 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6226
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
GBPCHF: Expecting Bullish Movement! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPCHF chart which, if analyzed properly, clearly points in the upward direction.
❤️ Please, support our work with like & comment! ❤️