SPX500USD Is Bullish! Buy!
Please, check our technical outlook for SPX500USD.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 5,836.4.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5,891.1 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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BITCOIN Is Very Bearish! Short!
Here is our detailed technical review for BITCOIN.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 68,141.23.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,698.66 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPUSD Will Grow! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.298.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.306 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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BITCOIN SHORT FROM RESISTANCE
Hello, Friends!
BITCOIN uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 65,591 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the BITCOIN pair.
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USD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD/CHF pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.863 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUD/USD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
AUD/USD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 17H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.674 area.
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HOLO (HOT) AT GOOD ENTRY POINT TOWARDS UPTREND MOVEMENTSymmetrical Triangle Pattern: The chart illustrates a clear symmetrical triangle formation. This pattern generally suggests a continuation or breakout of the prevailing trend, but it could go either direction—up or down—depending on the market conditions and volume at the time of the breakout.
Resistance: The top boundary of the triangle has been identified as a resistance level around the 0.002000 USDT mark.
Support: The bottom boundary is acting as support around 0.001500 USDT.
The price is currently consolidating within these converging trendlines, suggesting that a breakout is imminent.
Indicators:
VMC Cipher B Divergences:
The VMC Cipher indicator is showing divergence, hinting at a potential change in momentum.
Positive divergences and green dots indicate buying opportunities, with bullish divergence supporting the breakout hypothesis.
Relative Strength Index (RSI):
Current RSI reading is around 53.55, indicating a neutral zone. There's no clear sign of overbought or oversold conditions. This means the price could go either direction, depending on momentum.
Stochastic RSI:
Stochastic RSI is at 30.09, showing a slightly oversold condition. This suggests that upward momentum might be gaining strength soon.
HMA (Hull Moving Average):
HMA Histogram is currently slightly negative but shows signs of recovery. If it flips to green, it would be another signal for an upward move.
Volume Analysis:
The volume is relatively flat, which is typical during the consolidation phase of a symmetrical triangle. A surge in volume, however, is expected when the price breaks out of the triangle, which will confirm the breakout direction.
Trading Plan for HOLO (HOT):
Scenario 1: Bullish Breakout from the Symmetrical Triangle
Entry Point:
A confirmed breakout above the 0.002000 USDT resistance level with increased volume.
Enter at 0.002050 USDT once the breakout is confirmed to avoid false breakouts.
Target Levels:
First Target: 0.002500 USDT (previous high).
Second Target: 0.003000 USDT, corresponding to the projected move from the triangle breakout.
Stop-Loss:
Place a stop-loss at 0.001800 USDT to protect against false breakouts back into the triangle.
Risk Management:
Consider allocating 2-3% of your portfolio per trade and adjust position size according to risk tolerance.
Scenario 2: Bearish Breakdown from the Symmetrical Triangle
Entry Point:
A confirmed breakdown below 0.001500 USDT with a spike in selling volume.
Enter at 0.001450 USDT once the breakdown is confirmed.
Target Levels:
First Target: 0.001200 USDT, which aligns with historical support.
Second Target: 0.001000 USDT.
Stop-Loss:
Place a stop-loss at 0.001700 USDT in case the breakdown is false.
Risk Management:
As always, only risk a small portion of your capital (2-3%) to avoid heavy losses in a volatile market.
Key Watchpoints:
Volume Confirmation: Watch for a surge in volume when the price nears either the upper or lower boundary of the symmetrical triangle. Volume is a key factor in confirming breakouts.
Market Sentiment: Keep an eye on overall market sentiment for both cryptocurrencies and broader financial markets, as HOLO could be influenced by market-wide movements.
NZD/USD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are going long on the NZD/USD with the target of 0.610 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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USD/CAD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
It makes sense for us to go long on USD/CAD right now from the support line below with the target of 1.384 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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GBP/USD: Will Demand Zones Trigger the Next Bullish Rally?The GBP/USD pair showed some strength on Thursday, advancing to open the Friday London session at 1.2978 as of the time of writing. Despite the recent uptick, the pair’s near-term outlook remains uncertain, as traders assess various market dynamics and potential demand levels that could drive future price action.
Technical Overview: Mixed Sentiment and COT Report Analysis
From a technical standpoint, the Commitment of Traders (COT) report indicates an interesting divergence between retail traders and institutional investors. Retail traders have generally adopted a bearish stance, while "smart money" is beginning to build bullish positions, hinting at a potential shift in market sentiment. This kind of divergence often acts as a precursor to a trend reversal, but timing is critical.
Adding to this potential bullish sentiment is our Forecaster, which currently suggests a possible start of a bullish season for the British Pound. However, our technical analysis suggests that the price has not yet reached a significant demand area to trigger a strong buying opportunity. As it stands, the recent bullish push may be short-lived, as the GBP/USD appears poised for a bearish correction. This pullback could be necessary for the pair to establish a firmer demand base before initiating a more sustainable bullish rally aligned with seasonal patterns.
US Dollar Outlook: Trump’s Impact on Market Dynamics
Meanwhile, the outlook for the US Dollar remains largely positive, fueled by growing expectations of a potential Donald Trump victory in the upcoming US presidential election on November 5. Traders are anticipating the return of his aggressive economic policies, which are likely to include higher tariffs and lower taxes—measures historically seen as supportive of the US Dollar.
However, the potential impact of a Trump administration could be negative for the currencies of major US trading partners, such as the British Pound. As traders price in this scenario, the US Dollar may strengthen further, adding additional bearish pressure on the GBP/USD pair in the short term.
Current Strategy: Awaiting Key Demand Levels
Given the current technical and fundamental setup, we are maintaining a cautious approach. While the recent price action and the COT data suggest a potential bullish shift for the GBP/USD, our strategy is to wait for the price to reach a key demand area before considering any long positions. This approach aims to minimize downside risk and capitalize on a more confirmed trend reversal.
For now, we are on the sidelines, closely monitoring price movements and upcoming economic data releases that could influence market sentiment. Should the pair dip further into a demand zone, it could present an attractive opportunity for a long setup, aligned with both smart money positioning and seasonal trends.
Conclusion
The GBP/USD shows signs of a potential bullish season on the horizon, but with the price currently failing to reach strong demand levels, a pullback appears likely. Meanwhile, the US Dollar's strength, driven by speculation of Trump’s possible return to the White House, continues to weigh on the pair. For now, our strategy remains patient and data-driven, with a focus on finding the right demand level to initiate a bullish position. As always, staying disciplined and responsive to market shifts will be key in navigating the upcoming volatility.
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DXY: Strong Bearish Bias! Sell!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 103.908
Wish you good luck in trading to you all!
SILVER: Market Is Looking Down! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 32,80376$
Wish you good luck in trading to you all!
Gold Price Hits New All-Time High Near $2,757 - Have a Look NextGold has once again proven its status as the ultimate safe-haven asset, recently reaching an all-time high just shy of the $2,757 mark. This surge comes amid rising geopolitical tensions and increasing expectations for further rate cuts by the US Federal Reserve. Despite a rise in US Treasury yields, the yellow metal's upward momentum remains strong as investors flock to it during times of uncertainty, highlighting its enduring appeal as a store of value.
Factors Behind Gold’s Historic Surge
1. Geopolitical Tensions
Global geopolitical risks have escalated recently, leading to a rush toward safe-haven assets like gold. Heightened conflicts in the Middle East and lingering tensions in Eastern Europe have fueled fears of broader market instability. Gold, historically seen as a hedge against geopolitical uncertainty, has been one of the primary beneficiaries as investors seek to protect their portfolios.
2. Expectations of Further Fed Rate Cuts
Market sentiment is increasingly tilting toward additional rate cuts by the Federal Reserve. The anticipation of lower interest rates typically supports gold prices, as lower rates reduce the opportunity cost of holding non-yielding assets like gold. With economic data pointing to slower growth and possible deflationary pressures, the Fed may be inclined to continue its dovish stance, further boosting gold’s appeal.
3. US Treasury Yields and Safe-Haven Demand
Even as US Treasury yields have risen, signaling expectations of a stronger US economy, gold's ascent has not been hindered. This decoupling suggests that other factors, like risk aversion and safe-haven demand, are currently driving the metal’s price. Growing fears of a potential Trump presidency in 2024 have added an extra layer of uncertainty, prompting investors to seek the stability that gold provides.
Technical Analysis: Is a Retracement on the Horizon?
From a technical standpoint, the recent surge in gold prices suggests that the metal may be poised for a near-term pullback. Here’s why:
Commitment of Traders (COT) Report Analysis:
According to the latest COT report, retail traders remain heavily bullish on gold, a potential contrarian indicator that often precedes a short-term price reversal. Meanwhile, the so-called "smart money" appears to be scaling back on long positions, suggesting a potential shift in sentiment.
Seasonal Forecast:
Seasonality patterns indicate that gold might be approaching a reversal phase. Historically, gold has shown a tendency to retrace after significant rallies, especially when retail sentiment becomes overly bullish. This seasonal forecast aligns with technical signals that suggest a possible correction.
Potential Retracement Levels:
If gold begins to retrace from current levels, key support zones to watch would include $2,700 and $2,650, where previous resistance levels could now act as support. Traders should keep a tight stop-loss to protect against potential downside risks, especially given the ongoing volatility in global markets.
Trading Strategy: Cautious Optimism with a Tight Stop-Loss
While the long-term outlook for gold remains bullish due to ongoing geopolitical uncertainties and monetary easing expectations, short-term traders should exercise caution. With the potential for a near-term pullback, the ideal strategy may involve waiting for a retracement to key support levels before considering new long positions.
Risk Management: Given the current elevated price levels, it’s crucial to maintain a tight stop-loss to manage potential downside risk.
Potential Reentry: If a retracement occurs, investors could look for signs of stabilization around the $2,650–$2,700 range before reentering the market.
Final Thoughts: A Bullish Long-Term Outlook with Short-Term Caution
Gold’s recent surge to near $2,750 highlights its role as a global safe haven amidst uncertainty. However, with retail sentiment leaning heavily bullish and the possibility of a technical correction looming, traders should remain cautious in the short term.
Despite the potential for a pullback, gold’s long-term fundamentals remain intact, driven by geopolitical risks, monetary policy expectations, and overall global economic uncertainty. As always, a balanced approach, considering both the fundamental and technical factors, will be essential to navigating the evolving landscape of gold trading.
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GOLD: Move Up Expected! Buy!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 2,734.023$
Wish you good luck in trading to you all!
EURUSD: Local Correction Ahead! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.08467
Wish you good luck in trading to you all!
ALPHAUSDT.PHow are you on this beautiful Friday?
I’m watching the ALPHAUSDT pair on the daily chart, and it seems bearish. Here’s why:
First, there’s an inverse hammer candle that was stopped at the black line resistance.
Second, the price has fallen back below the 200MA after a failed crossover.
One thing I don’t like is the volume from October 22. However, when switching to the 4H candles, I can see that most of the volume was on the downside, which reinforces my bearish bias.
Thanks for reading!
Gold Analysis October 25Fundamental analysis
Gold prices remained close to the lows of their daily ranges in the first half of the European session, pressured by a combination of factors. For now, the US dollar (USD) appears to have halted its downward correction from a near three-month high hit on Thursday amid bets that the Federal Reserve (Fed) will cut interest rates less. This, coupled with generally positive risk sentiment, is seen as undermining the safe-haven precious metal.
That said, a further decline in US Treasury yields is keeping USD bulls from placing aggressive bets. Additionally, US political uncertainty ahead of the November 5 presidential election and further escalation of tensions in the Middle East could provide some support to Gold prices. Traders are now looking forward to US macro data - Durable Goods Orders and Revised Michigan Consumer Sentiment Index for short-term opportunities.
Technical Analysis
Gold broke the bullish structure of the Asian session and fell sharply in the European session with the break of the important support zone 2720. Gold is heading towards 2710 and 2700. Pay attention to the price reaction of this zone for long-term BUY strategy. SELL signals have been set with profit levels as analyzed. Wish you a successful trading day
World gold prices recovered slightlyGold prices reversed to increase when receiving information that Russia proposed that BRICS member countries create their own precious metals trading floor.
The news follows a statement adopted by the leaders of BRICS countries on Wednesday, advocating increased precious metal exchanges between members on the basis of common quality standards.
“This mechanism will include the creation of metal price indicators, standards for the production and trade of bullion, recognition of market participants, settlement of bullion,” said Russian Finance Minister Anton Siluanov. Clearing and auditing in BRICS countries. Participating countries will have a reliable method for stable exchange transactions.”
The Russian Ministry of Finance added that it expects the BRICS precious metals exchange “to become the main regulator of precious metals prices.”
☄️. Important support and resistance levels: The nearest support zone is 2712,000 - 2715,000, while the strong resistance zone is at 2740,000 - 2743,000. If the price surpasses 2750,000, the upward momentum could extend to the highest level from the beginning of the year at 2758,000 and beyond to 2800,000.
World gold price todayWorld gold costs increased, with spot gold growing through 20.five USD to 2,736.three USD/ounce. Gold futures closing traded at 2,748.four USD/ounce, up 19.four USD as compared to the day gone by morning.
Prices for the yellow steel rose 1% on Thursday and remained close to document highs hit in advance withinside the week, boosted through growing safe-haven call for because of fears of geopolitical tensions.
According to marketplace analyst Carlo Alberto De Casa of Kinesis Money, gold`s restoration from the day gone by's low is a high quality sign confirming the extremely good hobby of buyers in bullion. This professional believes that, withinside the context of a complex political situation, buyers will pour into gold to guard their assets. He brought that robust call for from principal banks is likewise supplying a lift to the treasured steel's rally.
🔴Mid-term: Gold price is still in an uptrend, but the upward momentum shows signs of slowing down due to risk factors.
🔴Short-term: Price forms a sideway zone, suitable for trading strategies based on support and resistance zones.
➡️Buying range: 2712,000 - 2715,000
➡️Selling range: 2740,000 - 2743,000
$MBLY The Future is Bright with Massive Upside. 10x Opportunity!NASDAQ:MBLY
The Future is Bright with Massive Upside. 10x Opportunity!
In this video, we will be going over the following with Mobileye Stock:
- The potential for a short squeeze in the name 17%+ short float
- NASDAQ:MBLY aligning with my 5/5 trading strategy
- Potential acquisition of NASDAQ:INTC by NASDAQ:QCOM and what that means for NASDAQ:MBLY
- Upcoming earnings preview
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APPLE Long From Rising Support! Buy!
Hello,Traders!
APPLE is trading in an
Uptrend along the rising
Support line and the stocks
Is now retesting it so we are
Locally bullish biased and
We will be expecting a
Further move up
Buy!
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