GOLD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for GOLD below:
The instrument tests an important psychological level 1904.0
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1916.5
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Tecnicalanalysis
AUDUSD What Next? SELL!
My dear subscribers,
My technical analysis for AUDUSD is below:
The price is coiling around a solid key level - 0.6439 .
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.6425
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
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WISH YOU ALL LUCK
USD/CAD LONG FROM SUPPORT
Hello,Friends!
USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously falling on the 8H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.358 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
CADCHF - Are We Still Trending Down?Analysis:
Bearish Confluences
Strong downwards trend
Retesting an area of significance
In a longer term descending channel
Longer term downwards trendline touch
The CAD is the 4th weakest major currency whereas the CHF is the 4th strongest major currency
12K short position increase for the CAD
3K long position increase for the CHF
Bullish Confluences
3K long position increase for the CAD
4K short position increase for the CHF
Recent CAD news has been bullish
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Polkadot (DOT) Falls to Lowest Weekly Close Since 2020Polkadot (DOT) recently experienced a significant breakdown as it fell below the crucial $4.20 support level, marking its lowest weekly close since 2020. This decline has raised concerns among investors and analysts alike.
DOT has been following a bearish trajectory since reaching its yearly high of $7.90 in February 2023. It slid below the $4.20 support level, which had held since the beginning of the year. Such breakdowns from long-standing support levels often trigger substantial declines.
The conjunction of this support area and a descending resistance line has formed a descending triangle, a bearish pattern that underscores the breakdown and hints at the possibility of further losses.
Potential scenarios
If the downtrend persists, DOT's price could potentially drop by another 50%, reaching the $2 horizontal support area, aligning with its all-time lows from August 2020.
However, if DOT manages to reclaim the $4.20 area and break free from the descending resistance line, it could trigger an impressive 85% price surge toward the $7.50 resistance area.
The weekly Ultimate Oscillator, a momentum indicator used to determine overbought or oversold conditions, supports the prevailing downtrend, with readings below 50 and a declining trend considered bearish signals.
Bottom Line: Despite the bearish predictions for DOT, a potential breakout from the channel and the $4.40 area could pave the way for an 85% surge toward the $7.50 resistance region.
EURCHF: Trading Signal From Our Team
EURCHF
-Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURCHF
Entry - 0.9582
Stop - 0.9595
Take - 0.9558
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
Gold Analysis - Buy or SellThe gold broke the
previous bullish trend and
entered in bearish trend
Scenarios:
1- Expecting the price to break
the zone below and test the fib 0.61 area with a long wick, Retest the upper zone and continue
pushing down towards the 1D Resistance or the zone at the bottom.
2- If gold rejected the zone below and continue pushing up and breaks the Resistance above then there is a chance of buying.
Note:
Trade according to the scenarios with risk management and account size.
DXY (DOLLAR INDEX) ____ WAITING FOR BEARISH SIGNALHello Traders,
The dollar has been rallying for days and weeks and we are slowly approaching a potential turning point. Price has already cleared two weekly buy-side liquidity (previous high) on its way up and is approaching the third.
Although I am speculating and willing to go short, the market structure doesn't confirm to me bearish sentiment.
I have annotated on the chart any of the 2 price structures that will interest me to go short. Until such a pattern is printed on the chart, I still believe that the dollar will continue to rally.
Once any of these patterns appear, I will review the seven USD pairs to trade accordingly.
Follow for more updates like this.
Cheers,
Jabari
BluetonaFX - USDCHF Trade IdeaHi Traders,
There is a short opportunity on the USDCHF 1D chart. The market is currently in a retracement wave of the bear flag break, and there is an opportunity for a short entry to target the demand zone to take profit.
The demand zone area is 0.88600–0.88202.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
EURJPY: Trading Signal From Our Team
EURJPY
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURJPY
Entry - 157.08
Stop - 156.12
Take - 159.22
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
EURAUD Set To Grow! BUY!
My dear subscribers,
My technical analysis for EURAUD is below:
The price is coiling around a solid key level - 1.6670 .
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.6762
My Stop Loss - 1.6613
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
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WISH YOU ALL LUCK
AUDUSD A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for AUDUSD below:
The price is coiling around a solid key level - 0.6429
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear Sell, giving a perfect indicators' convergence.
Goal - 0.6392
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
DXY, to continue its upward swing to 105.843DXY is on its path to continue the upwards string since it broke out of its descending channel since 24th August, 2023. Price has continued its new ascending channel for the past 8 weeks.
Last week's fundamental on new unemployment claims strengthen the course of the dollar which is currently consolidating above the resistance trendline of the ascending channel.
The consolidation above the 104.643 support could build more buying power that can propel the movement up to 105.834 and potentially to 107.342 depending on the outcome of the fundamentals for the week.
Important fundamentals coming;
Wednesday : CPI
Thursday: PPI, retail sales and unemployment claims
Friday: Empire State Manufacturing Index and Prelim UoM Consumer Sentiment
BTC ShortHello guys,
I think BTC continue down and sooner or later will get liquidity at 24k.
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1- BTC go up to 26500 (Hunt) then downward to 24k
2- BTC slowly go down without getting some hunt and reach the 24k
If you are high risk trader, you can open SHORT from here. And if You are safe trader like me, then wait for some hunt and then open SHORT position.
BTW always do your own analysis before open any position
US30 - Is A Drop Incoming?Analysis:
Bearish Confluences
Shorter term downwards trend
Retesting an area of significance
31.8% fib retracement level touch
Broadening descending channel patter formed
Downwards trendline touch
4K long position increase for the USD
Recent news for the USD has been bullish
Bullish Confluences
Longer term upwards trend
4K short position increase for the USD
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
EURCHF ____ BEARISH MOVE CONTINUATIONHello Traders,
On a larger scale, which is the monthly timeframe, you will notice how bearish the EURCHF has been in months. Drilling down, you will see on the weekly timeframe by looking left that we are trading in a supposedly bullish zone (where the price rallied from) but that should get little attention as currently, the market structure on the weekly chart is bearish and is about to complete the next impulsive leg which can be estimated by using the Fibonacci extension tool.
Before we go into the daily chart, I want to draw your attention to how last week's candle closed. What you will notice is the bearish strength in that candle.
Now let's go into the daily timeframe. What jumps right out is the CHOCH which signifies that the market structure has shifted from bullish to bearish. Hence, we mark the order block that caused this CHOCH and wait for a retracement to continue the bearish move.
I will be waiting to see if there will be a CHOCH on the 1-hour timeframe once the price trades into the daily supply order block as marked on my chart. If I don't see this, I don't trade.
Follow for more updates like this.
Cheers,
Jabari