USDCAD.. only one area, holding or not?#USDCAD.. so far market trade in range from last few decades but now today is NFP and after that in next week we have FOMC as well.
And upside we have only single area that is 1.3720 around
Keep close it and breakage of that level this time it will be very expensive.
Keep close it and buy only above that level and above that level a new buying era will start ..
Good luck
Trade wisely
Tradingview
GOLD FORCASTThe current analysis indicates a bearish trend for XAUUSD. A retest of 2355 is expected. If it fails to hold above this level, the price is projected to decline first to 2328 and, if it stabilizes below 2328, continue to 2306. Alternatively, if it stabilizes above 2355, a bullish trend towards 2397 is anticipated. Additionally, the market is expected to be very volatile due to upcoming NFP and Unemployment news.
Key Levels:
Bullish Lines: 2355, 2397, 2412
Bearish Lines: 2328, 2306, 2281
GOLD - where is today support? hold or not?GOLD- what a perfect move as per our video analysis and congratulations of all.
now we have 2332 around today supporting area,keep close it
if market hold it then again bounce expected from here,
and keep in mind that is your also cutt n reverse area,
good luck
trade wisely
GOLD... where is resistance today? What's next?#GOLD- well guys market perfectly placed your targeted area 2376 78
Now we have upside resistance area from 2380 to 86
That region will play key role with upside channel line.
Let see what will be from market from your expected area.
Keep close it and don't be lazy here..
Good luck
trade wisely
SPx (JOB OPPERTIOUNITIES) Strong Volatile Technical Analysis of SPx
The price dropped from the price we mentioned in the previous idea and already stabilized under the support line which is 5260, so it is possible to touch 5226 and 5193 as well,
Bearish Scenario: As long as the price remains below 5260, it is likely to decline towards 5226.
Bullish Scenario: For a bullish trend to emerge, the price must stabilize above 5260, potentially pushing up to 5302. If the price surpasses this level, it may indicate the start of a new bullish trend of about 5347.
Pivot Line: 5260
Resistance Levels: 5301, 5321, 5350
Support Levels: 5226, 5193, 5170
Today’s expected trading range is between the support at 5193 and the resistance at 5320.
GOLD.. there is only single area, what's next??#GOLD... What a perfect move as per our video analysis n congratulations to all.
Now we have one if the most important area of week that is 2325 around.
Keep close that area it will play key role for next move in gold.
Don't be lazy here and only short. Below that level otherwise not at all.
Good luck
Trade wisely
The TradingView Show: Charting Markets with TradeStationHello to all global traders! We're live with David Russell, TradeStation's Global Head of Markets giving us an inside look at the most important moves in markets. He’s the expert behind the research and analysis from TradeStation’s official TradingView account.
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In this show, we examine the most important charts, interesting trades, and offer valuable education for all traders. What’s on David’s radar? The Fed, inflation, the upcoming Apple iPhone, the big money shifts moving from energy to tech, and other areas to watch including homebuilders and more.
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The Famous Monkey Story in Every Markets!The Famous Monkey Story in Every Market!
Once upon a time, a rich man from the city arrived in a village. He announced to the villagers that he would buy monkeys for $100 each.
The villagers were thrilled, as there were hundreds of monkeys in a nearby forest. They caught the monkeys and brought them to the rich man, who paid $100 for every monkey they gave him. The villagers began making a living by capturing monkeys from the forest and selling them to the rich man.
Soon, the forest began to run out of monkeys that were easy to catch. Sensing this, the rich man offered $200 for each monkey. The villagers were ecstatic. They went back to the forest, set up traps, caught more monkeys, and brought them to the rich man.
A few days later, the rich man announced he would pay $300 per monkey. The villagers started climbing trees and risking their lives to catch monkeys and bring them to the rich man, who bought them all. Eventually, there were no monkeys left in the forest.
One day, the rich man announced he would like to buy more monkeys, this time for $800 each. The villagers couldn’t believe their luck. They desperately tried to catch more monkeys.
Meanwhile, the rich man said he had to return to the city for some business. Until he returned, his manager would handle transactions on his behalf.
Once the rich man left, the villagers were unhappy. They had been making quick and easy money from selling monkeys, but now the forest had no monkeys left.
This is when the manager of the rich man stepped in. He made an offer the villagers could not refuse. Pointing to all the caged monkeys, he told the villagers he would sell them for $400 each. They could sell them back to the rich man for $800 each when he returned.
The villagers were over the moon. Buy for $400 and sell for $800 in a few days—they had found the easiest way to double their money. They collected all their savings and even borrowed money. There were long queues, and within a few hours, almost all the monkeys were sold out.
Unfortunately, their happiness did not last long. The manager went missing the next day, and the rich man never returned. Many villagers kept the monkeys, hoping the rich man would come back. But soon, they lost hope and had to release the monkeys back into the forest, as feeding and caring for the noisy monkeys became extremely difficult.
This is exactly what happens when you buy low-quality companies in the stock market. There will be a low-priced stock that no one is interested in buying. A few rich men will suddenly start buying it. The stock price will rise because there are suddenly many buyers and very few sellers—a classic case of huge demand and no supply, like the monkeys in the forest.
The stock gets plenty of coverage on business channels and newspapers. These rich men will also use tricks like sending out bulk SMS messages, asking people to buy the shares for huge returns, and giving free tips. New and inexperienced investors, hoping to double or triple their investment, get lured in. Finally, the big players who bought the stock early when no one wanted it sell it back to inexperienced investors at high prices.
Don’t be greedy—there is no quick money in the stock market or in life. It takes time and effort to become wealthy, and there are no shortcuts.
Hit that like button if you like the story. Follow my profile for more content.
A Practical Guide For Candlestick Patterns!Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Intraday traders aim to either purchase a cryptocurrency at a low price and sell it at a higher price or short-sell a cryptocurrency at a high price and buy it at a lower price within the same day. This requires a good understanding of the market and relevant information to help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply, among other factors.
Tools such as candlestick chart patterns are very helpful to traders. We will discuss these candlestick charts and offer steps to help you read them.
BITCOIN: HISTORICAL AND LOGARITHMIC CHART!This chart is based on historical data and is logarithmic.
I believe that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot continue to grow exponentially; this would lead to insane prices of many millions in 2025. While I am a long-term Bitcoin bull, one has to remain realistic.
The cause of these growth cycles is the halvings, which lead to a supply shock followed by a subsequent rally—every time. These are all guesstimates, of course, but I think this chart is realistic.
The long-term goal for BTC in 2025 is around 150K to 180K USD, in my opinion. It won't go much higher afterward and can be seen as the final asymptotic price.
Important Things to Note
- During the 2016 bull run, after breaking its previous ATH, BTC had a 303-day bull run and reached a new ATH of $19,666.
- During the 2020 bull run, after breaking its previous ATH, BTC had a 337-day bull run and reached a new ATH of $69,000.
- In the 2024 bull run, BTC broke its previous ATH in just 500 days, which was not expected. The current situation is that BTC broke out of its previous ATH and is currently retesting it. Based on historical data, we can expect a bull run lasting between 303 and 337 days.
I hope this chart helps people understand the long-term growth dynamics of BTC. This idea is presented in a probabilistic manner.
GOLD - there is single area, hold or not?#GOLD.. so guys market very well hold so far your yesterday resistance area now as supporting area.
keep close it that is 2340 it will be your key level now. if market hold it then further bounce expected above that level. only only short below that otherwise not.
keep in mind guys below 2340 cut n reverse keep in hand.
good luck
trade wisely
Request Any Instrument - Celebrating 60k Followers on TV !Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🎉 I am thrilled and grateful to announce that we have reached 60,000 followers on this amazing platform @TradingView
Your support, engagement, and feedback have been invaluable in making this possible. It is an honor to be part of such a talented and passionate community of traders and investors.
📌To celebrate together, feel free to request any instrument (crypto, stock, forex...) in the comment section of this post.
I will analyze it as soon as possible and post it as a reply to your comment.
____________________
Your contributions have made TradingView a vibrant and supportive community, and I am proud to be a part of it.
Thank you once again for your support, and here's to many more successful trades together!
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USNAS100 (Falling Pressure...)Technical Analysis
The price dropped by approximately 1.30%, as mentioned in the previous analysis.
Currently, the price will trade between 18,435 and 18,550 until a breakout occurs.
Bearish Scenario: Stability below 18,435 will likely lead to a drop towards 18,250.
Bullish Scenario: The price must break above 18,550 and stabilize to reach 18,650 and 18,735.
The Nasdaq continues to experience bearish pressure.
Pivot Line: 18500
Resistance Levels: 18650, 18735, 18820
Support Levels: 18340, 18250, 18110
Today's range is expected to be between the support at 18230 and the resistance at 18650.
previous idea:
DJ30 FORECASTThe forecast for the Dow Jones 30 is now leaning towards a bearish trend. Prices are expected to fluctuate between 40050 and 39564. However, if the 4h candle closes below the pivot line at 39,564, the bearish pressure is likely to continue, potentially driving prices down to 39400 and 38825.
Key Levels:
Bullish Line: 39825, 40050, 40285, 40500
Pivot Line: 39564
Bearish Line: 39400, 39075, 38825, 38445
GOLD FORECASTThe current analysis indicates a Bullish trend for OANDA:XAUUSD , provided it stays above the PIVOT LINE at 2329, and it's possible to touch 2355 as well then it'll start the bullish trend. The prevailing Bullish pressure suggests that if trading remains above 2329, the trend will continue a strong upward till 2376. otherwise stabilizing below 2329 will try to reach 2306.
Key Levels:
Bullish Line: 2355, 2376, 2397, 2412
Pivot Line: 2329
Bearish Line: 2306, 2281, 2306
GOLD - at immediate resistance? Holding or not??#GOLD.. a perfect move as per our video analysis, congratulations to all followers.
Now market near to his immediate resistance in hour chart.
Keep close it and if market hold 2337 then a further drop expected from here.
Selling invalidate above 2337.00
Good luck
Trade wisely
TRBUSDT- bottom out here? Stay sharp.#TRBUSDT.. if you read my previous analysis about TRBUSDT then you can realized that trbusdt still holding my levels actually.
And now again it's going to bottom here if market hold 105 that is you swing atea now in weekly and daily chart as well.
Don't be lazy here.
Good luck
Trade wisely
Bitcoin: How to Forecast the End of a Trend.The advance from Dec 2018 seems to be tracing an impulse pattern. Wave 1 is an impulse, wave 2 is a zigzag which neatly predicts flat wave 4 by guideline of alternation.
The fifth wave appears to be tracing an impulse as well; an extension. It's probable that two minute degrees have reached completion at this stage and the market appears to be tracing out the third wave.
So how do you forecast the target for wave 5?
One way is to use an Elliott wave channel. Connect the end of wave 2 and 4. Draw a parallel line along the top of wave 3 to project wave 5 target. It is quite common for wave 5 to end upon reaching the upper boundary line of the channel
In some cases, when wave 3 is uncommonly strong, almost vertical. Draw a parallel line using the top of wave 1 instead of wave 3.
From experience, it's quite advantageous to draw the two upper boundary lines.
GOLD - one n only region, holding or not??#GOLD... Market at his one of the most important area that is 2363 64
Keep close that area , that is your key level in tomorrow.
If market hold it then again drop expected from here.
Otherwise not...
Keep in mind that above 2363 64 is CUTT n reverse area on confirmation.
Good luck
Trade wisely