DXY Is Very Bullish! Long!
Please, check our technical outlook for DXY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 102.912.
Taking into consideration the structure & trend analysis, I believe that the market will reach 104.409 level soon.
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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Trading
NZDUSD Is Going Down! Short!
Here is our detailed technical review for NZDUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.610.
Considering the today's price action, probabilities will be high to see a movement to 0.605.
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.
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SPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are going short on the SPY with the target of 545.10 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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GBP/AUD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are now examining the GBP/AUD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.945 level.
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EURUSD: Key Support & Resistance Levels For Next Week 🇪🇺🇺🇸
Here is my latest structure analysis for EURUSD for next week.
Resistance 1: 1.0950 - 1.0970 area
Resistance 2: 1.0996 - 1.1012 area
Resistance 3: 1.1070 - 1.1110 area
Resistance 4: 1.1190 - 1.1215 area
Support 1: 1.0880 - 1.0916 area
Support 2: 1.0777 - 1.0792 area
Consider these structures for pullback/breakout trading.
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GOLD DAILY CHART SHORT/MID TERM ROUTE MAPHey Everyone,
Please see update on our daily chart idea that we have been tracking for a while with the updated retracement and swing range.
Last week we highlighted our long range gap above at 2690, as we had ema5 cross and lock above 2645 opening 2690. We also stated that the daily chart averages are lagging so sometimes gaps get filled before ema5 confirmation, in which case candle body close gaps are suffice. On this occasion we have the ema5 lock.
We got the candle body clos below 2645 opening the retracement range. This was hit perfectly and also provided the weighted support bounce inline inline with our plans to buy dips knowing we have a long term gap target above.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
QQQ Weekly Outlook (SPY) for OCT 14, 2024A week ago, I provided a weekly long-term view of QQQ (link below):
I annotated that by looking at the weekly time frame, we can note that QQQ has been bouncing off the weekly trendline (TL) that started back in JAN 2023.
It has touched and bounced off that trendline 3x so far:
-MARCH 2023
-OCTOBER 2023
-AUGUST 2024
We started OCT 7th week around 487 and closed end of week at 493.36
Based on technical analysis, QQQ is in a triangle pattern with the top trendline starting on JULY 17th and then hitting it again several other times:
-SEPT 26
-OCT 9
-OCT 10
-OCT 11
The bottom trendline starts on AUG 5th and touches again on:
-SEPT 6
-SEPT 9
-SEPT 10
-SEPT 11
Another TL was drawn on SEPT 11 up which price has been respecting:
-OCT 2
-OCT 3
-OCT 4
-OCT 7
-OCT 8
-OCT 11
This has cause price to get tighter and tighter against JULY 17th TOP TL.
In addition, price has been making Higher Lows (HL) and Higher Highs (HH) starting from AUG 5th until current date. The following are the HH/HL:
HL: AUG 5/ SEPT 6 - 11 / OCT 1 - 3
HH: AUG 22 / SEPT 26 / OCT 11
The GAP that was created between JULY 16 - 17 was filled on SEPT 26 causing the market to GAP REJECT and push price down.
Price has once again come back to that gap and closed above it.
GAPS can be used in several ways. One being the initial rejection. As price is back above it again, what was once resistance / supply can now be potentially turned into support / demand. The second method can be the INVERSION of a GAP.
Utilizing my longer thesis from last week along with the new / current data, a bullish sentiment is formed going into this week for the following reason:
-Two bottom TLs have been respected and acted as support
-Higher Lows/Higher Highs are being made
-Price closed above the GAP that that acted initially as resistance and now turned into support (inversion)
-No economic catalyst for bearish scenario 'yet'
-Price had a strong close above the 5 and 8 EMA on the daily time frame.
Price Targets:
PT1: $498.44
PT2: $500
PT3: $501.01
PT4: $503.07
PT5: $503.52
PT6: $505
This is NOT financial advice but my opinion on the market.
NASDAQ:AAPL NASDAQ:AMZN NASDAQ:QQQ NYSE:ES SP:SPX #thestrat SEED_ALEXDRAYM_SHORTINTEREST2:NQ AMEX:SPY SEED_ALEXDRAYM_SHORTINTEREST2:NQ NASDAQ:MSFT NASDAQ:TSLA NASDAQ:NVDA NASDAQ:AMD
SaD
BTC potential sideways move?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
BTC started to have indecisive moves and trades in a band (as highlighted).
It could well be the trading band until otherwise broken.. not much bias now if you trading the near term.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Euraud likely can see more downsideHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Overall a bearish chart on the daily, now with the rejection as last R zone on daily, likely to see more downside on EA.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
USD moved up with upside bias last week,but not a lot..what now?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Last week, we mentioned that likely USD has more upside. It did climb higher and i did have some longs on Usdjpy and it was decent.
Current level put USD at last daily chart consolidation area,which also happen to be flip zone in the past (refer to chart).
Breaking up is still possible but looking at the almost 3% push up the last 2 weeks, there could be chance that usd correct too. This can be seen on Eurusd,gbpusd and its majors too. Let's watch and act accordingly.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
USDT/THB 1D and 1H analysis$USD/THB Analysis on 1H and 1D Timeframes
1H: It appears that we’ve hit a bottom at $32/THB and have seen a solid bounce. The uptrend is likely to continue after a brief correction.
The MACD is resetting lower and needs some time to reach a bottom.
The RSI is very low, which indicates a potential short-term bounce.
Conclusion: We should stabilize above $33/THB in the short term.
1D: The daily chart presents a more mixed outlook. While it seems we’ve bottomed at $32/THB, the MACD still needs to reset, suggesting the current bounce is temporary. Additionally, the RSI is overbought, which points to a likely correction until November, when a downtrend reversal could be confirmed with a lower low.
Invalidation: If THB/USD falls below $32/THB, it means the bottom is not yet in, and the bounce was a bull trap or fakeout.
GBP_CHF NEXT MOVE|LONG|
✅GBP_CHF will be retesting a support level soon at 1.1140
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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USD-CHF Bullish Bias! Buy!
Hello,Traders!
USD-CHF is trading in a
Local uptrend and the pair
Is consolidating above
The horizontal support
Of 0.8550 so we are
Locally bullish biased
And we will be expecting
A further move up
Buy!
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Check out other forecasts below too!
GBP-NZD Potential Long! Buy!
Hello,Traders!
GBP-NZD is making a
A local correction but
The pair is trading in an
Uptrend so after the retest
Of the horizontal support of 2.1330
We will be expecting a
Local bullish rebound
Buy!
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Check out other forecasts below too!
EURUSD Massive Long! BUY!
My dear subscribers,
My technical analysis for EURUSD is below:
The price is coiling around a solid key level - 1.0935
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.1007
My Stop Loss - 1.0895
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
NATGAS Sellers In Panic! BUY!
My dear followers,
I analysed this chart on NATGAS and concluded the following:
The market is trading on 2.628 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.778
Safe Stop Loss - 2.529
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.
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WISH YOU ALL LUCK
SCHAEFFLER Swing Trade, Price is taking support from 50 EMASCHAEFFLER is taking support from 50 EMA in Weekly Chart. (For Swing Trade)
We can go for long swing trade only after price going above 3530 with approx. 6% stoploss and 24% Target.
Risk-Reward = 1:4
Plan your quantity/investment accordingly.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
BTCUSD Technical Analysis! SELL!
My dear subscribers,
This is my opinion on the BTCUSD next move:
The instrument tests an important psychological level 63257
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 - 62006
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.
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WISH YOU ALL LUCK
SPY A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for SPY below:
The price is coiling around a solid key level - 579.57
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 573.88
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