World gold prices increased despite the high USD index.World gold fees improved regardless of the excessive USD index. Recorded at 8:30 a.m. on October 16, americaA Dollar Index measuring the fluctuation of the dollar with 6 principal currencies changed into at 103,half points.
Gold rose amid falling US Treasury yields, even as buyers carefully awaited greater statistics for sparkling clues approximately americaA Federal Reserve`s (FED) economic easing cycle. ).
From the start of 2024 till now, gold fees have improved approximately 28% and outperformed US shares and bonds. Experts say that important banks' sturdy purchases of gold have contributed to the above increase. They appearance to this valuable metallic to defend country wide property in opposition to geopolitical and financial instability.
According to Mr. Terrence Keeley - former senior supervisor of economic institution BlackRock and presently CEO of marketplace studies employer Impact Evaluation Lab, on common 15% of forex reserves of important banks is in valuable metals consistent with marketplace valuation.
💎 OANDA:XAUUSD sell 2669 - 2671💎
✔️TP1: 2650
✔️TP2: 2645
✔️TP3: OPEN
🚫SL: 2678
Trading
Gold’s Push to 2766—But an $80 Correction May Be Coming!Gold is eyeing key levels at 2719, 2738, and up to 2766, but let’s not ignore the potential for an $80+ correction along the way. I’ll walk you through the key targets and where the market might throw us a curveball.
Join me as we break down the technical and figure out if gold is set to rally or hit a correction. If this analysis helped (or at least gave you something to think about), give it a like, drop your comments below, and hit follow for more updates. Your support keeps the content rolling—unlike gold, which might need a timeout soon!
Mindbloome Trader
Happy Trading
SHIBA INU SHIB possible BREAKOUT SOONChart Request on today's show
#shib with a Plan A / Plan B
best price would be to scaling into the trade
... add to entry in the Buy Zone ...
safer entry would be the
break of newly created resistance
(in the Buy Zone)
Market Cap 10.66B
MEME
Not Financial Advise - Entertainment Purpose Only
Always DYOR ( do your own research )
Fantom FTM could not hold support STILL looks STRONGChart Request on today's show
Updated Recommendation:
enter on 4hr candle close
above 0.7641 ( scale into the trade )
then add once price breaks newly created
resistance ( not created yet )
Market Cap 2.1B
Layer 1 / DeFi
Not Financial Advise - Entertainment Purpose Only
Always DYOR ( do your own research )
UNI almost READY to make a MOVEChart Request on today's show
Recommended to set alert
at 8.574 and 4hr candle
MUST CLOSE above 8.201
Currently in a zone and trying
to break out
🚨- NOT READY - 🚨
Market Cap 4.66B
DEX / DeFi
Not Financial Advise - Entertainment Purpose Only
Always DYOR ( do your own research )
APTOS - APT - broke level and currently finding support Chart Request on today's show
#APT broke resistance 9.6620
then retested the level.
There might be a pullback
Recommended 50% at current price
then add to entry after price breaks
newly created resistance ( not created yet )
Market Cap 5.3B
Staking / Layer 1
Not Financial Advise - Entertainment Purpose Only
Always DYOR ( do your own research )
SKL Trying to find supportChart Request on today's show
Recommend waiting for a
GREEN 4hr candle to close
above 0.03850 before entering
Small Market Cap 213M
AI / Layer 2 / Gaming
looks like price action wants to hold support at current level
but remember to be patient
very tight stop loss incase price retraces a significant amount
if price breaks below 0.03850
then set alert at 0.04038 and follow recommendations ( on chart )
Not Financial Advise - Entertainment Purpose Only
EURUSD Daily Analysis - Consolidation day ahead of key data fromEURUSD Daily Analysis - Consolidation day ahead of key data from both sides of the Atlantic.
Since the beginning of October, the dollar has strengthened steadily and smoothly against the Euro. For half of the month, EURUSD movement is only in a downward direction with a gain of 300 pips for the dollar.
The dollar is currently in its strongest position since August 2024. Technical analysis shows that the dollar will continue to accumulate new pips against the Euro.
Among the fundamental analysis for today Wednesday, the most important is the ECB's President Lagarde speech very late in the evening, in general the focus will be on the decision on Thursday, where the ECB is expected to cut the main interest rate by 25 basis points.
In general, very important data are expected on Thursday, both for the Eurozone and for the United States. This would mean that currency trading will consolidate in anticipation of the next day's data.
We at World-Signals expect the trend to remain today with a slight consolidation at the levels around 1.0865 - 1.0910.
USD-CHF Bullish Breakout! Buy!
Hello,Traders!
USD-CHF is trading in an
Uptrend and the pair broke
The key horizontal level
Of 0.8611 which is now
A support level and the pair
Made a retest and a rebound
So we are bullish biased
And we will be expecting
A further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
SEDG Solaredge - More losses ahead?Solaredge Chart Analysis
The stock is in a clear downtrend since February
with a Significant resistance level at around $32.11
The Minor support seems at around $17.12
Increased volume during price drops indicates strong selling pressure and
Prices below the EMA are clues for bearish momentum
Key Points for a Trade
Entry: Consider waiting for a break below support or a pullback at resistance.
Stop-Loss: Set slightly above recent swing high ($24) to manage risk.
In case of pullback look for Stops at around $32.90
Trend continuation: Be cautious at EMA crossover or strong volume spikes, which could indicate a trend reversal.
Additional Clues:
Todays Put Option Volume increased 1,4 times of what was expected indicating bearish flow
1-800-Flowers.com | FLWS | Long at $8.001-800-Flowers.com NASDAQ:FLWS has been in price consolidation mode since 2022 and may be gearing up for an upward move as my historical selected simple moving average reconnects with the price. The company is expected to become profitable in 2025 and the holiday season is approaching. Historically, this is the period when the price begins to rise. With a 25 million float and 14.54% short interest, this ticker could get interesting if it takes off. But be cautious as the economy seems to be showing signs of slowing... At $8.00, NASDAQ:FLWS is in a personal buy zone.
Target #1 = $9.20
Target #2 = $10.50
Target #3 = $20.50 (long-term if the economy is strong...)
Safe-haven demand on geopolitical tensions in the Middle East wi, the breakout of the USD and strong economic data could have pushed gold down further, but in fact, the recent decline of gold has been relatively shallow. That shows that the buying power of the yellow metal has not ended yet.
Some other analysts said that although the price of gold has increased to 2,650 USD/ounce, the highest level in many weeks after the US announced the production index (PPI) at the end of last week, gold will still face difficulties in the coming time due to pressure from the USD and stronger bond yields.
GOLD Buyers In Panic! SELL!
My dear followers,
This is my opinion on the GOLD next move:
The asset is approaching an important pivot point 2658.02
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 - 2640.3
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
GBPCHF Sellers In Panic! BUY!
My dear subscribers,
My technical analysis for GBPCHF is below:
The price is coiling around a solid key level - 1.1189
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.1253
My Stop Loss - 1.1145
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
GOLD Under Pressure! SELL!
My dear subscribers,
This is my opinion on the GOLD next move:
The instrument tests an important psychological level 2657.1
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2641.6
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
Technical Analysis for Numerico (NWC/USDT) + TRADE PLANTechnical Analysis for Numerico (NWC/USDT)
The price is showing a breakout potential at the top of the channel, which may signal a trend reversal.
Descending Channel Pattern:
Resistance: The upper trendline shows where the price has faced rejection multiple times. The resistance level is gradually declining.
Support: The lower trendline indicates strong support, where buyers have consistently entered the market, preventing further decline.
Breakout Potential:
The price appears to have tested the upper trendline of the channel. The arrow pointing upward suggests the possibility of a breakout above the descending resistance, which would indicate a bullish reversal.
Indicators:
Volume: A spike in volume supports the possibility of the breakout. A breakout with increased volume is generally a stronger confirmation of the trend change.
VMC Cipher B: This momentum oscillator shows a shift from negative to positive momentum, implying that the buying pressure is gaining strength.
RSI (14): The Relative Strength Index is around 58.66, indicating that momentum is neutral to slightly bullish. RSI above 50 usually signals increasing buying pressure.
Stochastic RSI: The stochastic RSI is currently in the overbought zone (91.21), which might signal some short-term correction, but the overall momentum remains strong.
HMA+ Hist: HMA (Hull Moving Average) shows that the histogram is close to zero but shifting upward, which could imply a possible change in trend direction soon.
Support and Resistance Levels:
Immediate Support: $0.0719 (marked by the horizontal blue line).
Resistance Zone: Around $0.0753 (upper edge of the channel).
Great Entry Point: The label indicates that a long entry is ideal around the breakout zone, with an upward arrow suggesting that this level ($0.0721) could offer a solid risk-reward ratio for buyers entering before a potential upward movement.
Trading Plan
Entry Point:
Enter the trade at the breakout above $0.0721 (highlighted as the "Great Entry Point"). If the price closes above this level on the 4-hour timeframe with significant volume, it will confirm a bullish breakout.
Stop-Loss:
Place a stop-loss slightly below the recent support of $0.0719, at approximately $0.0690, to minimize risk in case the breakout turns into a false breakout.
Profit Targets:
First Target: $0.0800 – This level aligns with a previous resistance zone and would be a conservative target for short-term traders.
Second Target: $0.0850 – If momentum remains strong, the price may continue toward this higher level of resistance, providing a larger reward.
Risk Management:
Ensure a risk-to-reward ratio of at least 2:1. For example, if the stop-loss is set at $0.0690 (risk of approximately 3%), aim for the first target at $0.0800 (a reward of approximately 10%).
Use position sizing techniques to risk only 1-2% of the portfolio per trade, to ensure long-term sustainability and avoid major losses in case of unexpected market moves.
Monitoring & Adjustments:
Watch for volume confirmation during the breakout. If the volume diminishes, consider closing the position early, as it may signal a weakening breakout.
Adjust the stop-loss to breakeven once the price hits the first profit target, ensuring a risk-free trade for the remaining portion of the position.
Conclusion:
The technical analysis for NWC/USDT suggests a bullish breakout from the descending channel pattern, with indicators supporting a potential upward move. Entering at the breakout level of $0.0721 with proper risk management offers a promising opportunity, especially with a positive shift in momentum.
USD/JPY Remains Strong as JPY Struggles for Upside The USD/JPY pair continued its upward trend on Tuesday, maintaining strength despite limited upside potential for the Japanese Yen (JPY). The JPY's inability to gain ground is largely attributed to ongoing uncertainty surrounding the Bank of Japan’s (BoJ) rate-hike plans. Coupled with a generally positive risk tone in the markets, this has kept the JPY, traditionally seen as a safe-haven currency, from making any meaningful gains.
US Data and Market Outlook
Tuesday’s economic calendar for the US is relatively quiet, with no major data releases expected. However, the spotlight will turn to Thursday’s key economic reports, which include the USD Core Retail Sales (m/m), Retail Sales (m/m), and Unemployment Claims. These reports are expected to inject more volatility into the market and could influence the trajectory of the US Dollar and other major currency pairs, including USD/JPY.
Given the strength of the USD near its two-month peak, the upcoming data could further support the dollar, limiting any potential upside for the lower-yielding JPY. The US Dollar's resilience continues to exert pressure on the JPY, keeping the pair on a bullish path.
Technical Outlook: USD/JPY Targeting 152.000
From a technical perspective, the USD/JPY pair appears poised to extend its rally, with a potential target around the 152.000 level. This area could be reached following the release of the key US economic reports on Thursday, which may provide the necessary momentum for further gains.
The technical outlook is supported by the broader strength of the USD and the lack of strong upside drivers for the JPY. The chart of JPY futures also reflects the challenging environment for the Yen, signaling continued weakness.
Chart Overview: JPY Futures Chart
As shown in the chart, the JPY remains under pressure in the futures market, further confirming our outlook for continued USD/JPY strength.
Strategy: Patience is Key
After successfully closing our previous USD/JPY trade in profit, we are now waiting for a more favorable area to enter a new position. With key economic data on the horizon, patience remains essential as we await clearer signals from the market.
In conclusion, the USD/JPY pair is likely to maintain its bullish trend in the near term, with a potential target of 152.000. The combination of US Dollar strength and uncertainty surrounding the BoJ’s rate policy should keep the Yen on the defensive, at least until there are clearer indications of future central bank actions. For now, we remain on the sidelines, waiting for the next opportunity to re-enter the market.
PREVIOUS CLOSED POSITION:
✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
DXY Is Going Down! Short!
Here is our detailed technical review for DXY.
Time Frame: 10h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 103.181.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 102.300 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.
Like and subscribe and comment my ideas if you enjoy them!
SILVER Will Fall! Sell!
Take a look at our analysis for SILVER.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 31.106.
The above observations make me that the market will inevitably achieve 30.995 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
USDJPY Will Go Higher From Support! Long!
Please, check our technical outlook for USDJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 149.346.
Taking into consideration the structure & trend analysis, I believe that the market will reach 150.396 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.
Like and subscribe and comment my ideas if you enjoy them!