EURCAD: Bearish Momentum in PlayHello Traders,
Trust trading has been awesome for you.
Please find below my analysis of the EURCAD currency pair from H4 perspective.
Trend & Sentiment
The pair remains bearish, forming lower highs and lows. Sellers maintain control, though the current consolidation suggests temporary indecision, even though price is facing resistance around the 1.48591.
Key Levels:
Resistance: 1.48591
Support: 1.47211
Possible Movement
A break below the equilibrium at 1.47993 could accelerate bearish momentum toward 1.47211 and 1.45831. A short-term pullback to the resistance at 1.48591 is possible (as we saw the buyers temporarily pushed above this region and closed back below it) but likely to face renewed selling pressure.
Short-Term Target: 1.47800
Medium-Term Target: 1.47211
Long-Term Target: 1.45831.
This trade may last from now till 22nd November or beyond to fully unfold.
Conclusion
The bias remains bearish, with a focus on the downside targets unless the price breaks above 1.48898 to challenge the trend.
Cheers and happy trading!
Trendanalysiss
EURCAD still bearish expectations
EURCAD in last week we are have strong bearish trend, technicalls are be strong bearish and one of impacts is come from USD weakened.
On 4h TF we can see bearish expanding triangle, bounce from top zone of triangle is start on 26.8 price is fall 200PIPS.
Now for new week, next periods, based technically here still strong bearish expecting.
Based on price action can see 1.49500 strong zone is breaked on 30.8 Friday, which will use for one more good sign for bearish still to see.
TP1: 1.47100 (200)
All best, here for comments, stay tuned!
Gold Market Outlook: Bullish Trend Expected To PersistOur technical analysis and market indicators suggest that gold will continue to exhibit bullish behavior tomorrow, Identified buy level at 25 and 20, building on the momentum established in recent trading sessions. This optimistic forecast is supported by robust fundamental factors, including:
- Strong investor demand for safe-haven assets
- Central banks' continued gold reserves accumulation
- Favorable macroeconomic conditions
Continuation of selling of SPXAs we confirmed the trend reversal for the moment, we might have possible two scenarios:
We might have similar push up during the night before continuation of a drop
Secondly, if we get higher prices during the night or at NYSE open, we might continue our way down until we got extended.
GOLD|They are still the winners of the seller's marketAs we expected from gold, when we said that the selling pressure is more, it crossed the 2048 support area with great strength, in this area we did not have a suitable candle confirmation to enter the transaction. Arriving at the next support area that we mentioned before, by observing the pin bar candle Ascending in the price area of 2033, we could enter into buy transactions, which has already given us 160 pips of profit.
Continuing the movement with the growth experienced from the support area, I am still waiting for the price to reach the resistance areas to enter sell trades, the most important area ahead is the midline of the descending channel that has already been broken and the supply area price 2055. In case of reactions Returning from this area, as I said, we can place up to the price of 2035 equivalent to 200 pips for the profit limit.
GBpAUD - November 25, 2023. GBB/AUD - November 25, 2023.
From the most preferred currencies of thousands. Perhaps that's why I forgot about an active trade for 5 months, and it had gone exactly 10K pips in my favor. Anyway.
As we are at the end of the fourth quarter of 2023. If we go back and analyze GBPAUD in 3 months, it gives us an image of a double bottom. The double bottom has been respected positively, and now, since the beginning of 2023, this pair has been rising from the points where it was at 1.59; currently, it is trading at 1.91. A lot of pips, right? Let's continue.
From my perspective, I see GBPAUD during 2024 reaching 2.02. Not too much, right? For those who are familiar with this pair, they know.
In the monthly view, if we look at the current state, we see that it is re-testing a support (to mine) at 1.90 and it is taking some time.
In the weekly view, there is a double bottom, and according to my opinion, it is directly related to what is mentioned above (expecting it to reach 2.02).
Anyway, when we open the daily chart, we see that the price has remained in a small zone but, importantly, where the movements that are coming are crucial to determine where it will go later.
I expect it to reach the third point of the trendline and the support (below) that it has, and if it holds well at this point, then GBPAUD will start to rise.
From the most preferred currencies of thousands. Perhaps that's why I forgot about an active trade for 5 months, and it had gone exactly 10K pips in my favor. Anyway.
As we are at the end of the fourth quarter of 2023. If we go back and analyze GBPAUD in 3 months, it gives us an image of a double bottom. The double bottom has been respected positively, and now, since the beginning of 2023, this pair has been rising from the points where it was at 1.59; currently, it is trading at 1.91. A lot of pips, right? Let's continue.
From my perspective, I see GBPAUD during 2024 reaching 2.02. Not too much, right? For those who are familiar with this pair, they know.
In the monthly view, if we look at the current state, we see that it is re-testing a support (to mine) at 1.90 and it is taking some time.
In the weekly view, there is a double bottom, and according to my opinion, it is directly related to what is mentioned above (expecting it to reach 2.02).
Anyway, when we open the daily chart, we see that the price has remained in a small zone but, importantly, where the movements that are coming are crucial to determine where it will go later.
I expect it to reach the third point of the trendline and the support (below) that it has, and if it holds well at this point, then GBPAUD will start to rise.
GBPUSD: 1.2179 is strong so be careful! Hello traders,
1.2179 is strong enough to retrace the GBP. We'll wait for any breaks out of the level before putting sell orders.
There is one entry and1 TP for this pair.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
W9.1-5 ROSE BULLISH IDEA (HARMONICS BULLISH PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
IMMINENT GOLDEN CROSSMedipharm Labs's 50-day and 200-day moving average lines are a quarter of a penny from forming a GOLDEN CROSS, a strong BULLISH signal.
Extrapolation of these lines strongly suggests that they might form a GOLDEN CROSS this coming week.
Also, the Accumulation/Distribution indicator has clearly been trending upwards.
Tradingview's current technical analysis summary is STRONG BUY: www.tradingview.com
GLTA!
GBPCHF: Daily trendline holding for a potential REVERSAL!Hello, everybody and welcome to BIGPAPA Forex, today we are going to be analysing the GBPCHF pair, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Crude oil Short Term BearishThe idea here is about crude oil.
I am short term bearish on crude oil due to following observation.
1. Cypher harmonic pattern completed on daily chart.
The Cypher harmonic pattern is a technical analysis formation indicating a price-action reversal.
The Cypher pattern, which can be either bullish or bearish, has five points (X, A, B, C, and D) and four legs (XA, AB, BC, and CD). Like any other harmonic pattern, the theory behind the Cypher chart pattern is that there is a strong correlation between Fibonacci ratios and price movements.
The Cypher harmonic pattern has been historically proven to be a fairly reliable and accurate chart pattern. According to various studies, the pattern has an accuracy rate of around 70%.
2.Stochastic Oscillator
The intersection of two lines is considered to be a signal that a reversal may be in the works, as it indicates a large shift in momentum from day to day.
3.Bollinger Bands
20 day moving average, bands at 2 standard deviations
Looking at the lower band for profit target.
4.On-balance volume (OBV)
OBV shows crowd sentiment that can predict a bullish or bearish outcome.
OBV is on continuous decline.
Last but not least
5. MA 200 over 50 aka Death cross
02 September 2022.
The price was $95.23
Previous cross happened on
02 September 2020
MA 50 over 200 aka Golden cross
The price was $41.40
I am aware that it is little late for the analysis, but i feel there is more to come.
That's what they say "Something is better than nothing".
Looking forward...
The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment.
Do leave your valuable feedback & comments for any improvisations.
BTC Last Support we holding a critical support above the 18k$, which we tested many times, however we still holding above it , we need to accumulate and hold in order to retest the 23600$ first sign of bullish strength for BTC if we broke it , and then going to the most important level for this year which is the 30k$.
breaking the 18k$ and closing 1D candle red below it , will make us go to the bottom price for BTC above the 13$+.
NASDAQ DAILY as you can see the price io going up to the resisatance zone 12452 its an important resistance it might be negative reaction from this resistance pay attention to this level
what do you think ?