BTC Correction to 59K – Next 61K?GM crypto bro's, happy weekend! This morning, the Fear and Greed Index remains neutral at 51. BTC made a slight correction last night to the 59K area. The next big possibility is still 61K - 62K.
Today's market update is mostly the same as yesterday. As always, the market is dynamic; don’t be FOMO. Stay safe, keep calm, and remember anything can happen in the crypto market. Always manage your risk. That’s all for today’s crypto update—this is Akki signing off with one chart. Have a nice day!
USD
GOLD BULLISH TO $2,620!Considering how bullish the weekly candle has closed, I do not believe that Gold has not topped yet.
I think Wave III is close to completion, meaning a Wave IV correction should follow next week during the FED data, followed by a final bull run of Wave V towards the $2,600 mark!
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.67300 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.67300 support and resistance area.
Trade safe, Joe.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.30900 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.30900 support and resistance area.
Trade safe, Joe.
EURUSD 1h Reversion Zone Fill ExpectedReturn and fill into the reversion zone range is expected.
Reversion zone range: 1.10801 - 1.10625
Key Resistance level: 1.10921
Key Support level: 1.10167
⚠️ Reversion Zone is an area on the chart where the price often returns after deviating. Some zones will be covered by nearby candlesticks, while others may take more time. Also the zone may never be filled, be careful.
GOLD LONG TO $2,800Within my Account Management service (The Gold Fund), I have been buying Gold since $1,600's for my investors. We have been holding for nearly 2 years now & cashed out partials profits along the way.
We still have much more upside to go towards our $2,800 target. We will look for a TEMPORARY retracement, then look to buy more.
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.62200 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.62200 support and resistance area.
Trade safe, Joe.
Potential bullish rise?NZD/USD has reacted off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 0.6171
Why we like it:
There is a pullback support.
Stop loss: 0.6120
Why we like it:
There is a pullback support level.
Take profit: 0.6252
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Could Bitcoin reverse from here?The price is rising towards the pivot which is a pullback resistance and could reverse to the overlap support.
Pivot: 59,560.05
1st Support: 56,602.15
1st Resistance: 61,135.75
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bullish rise?The Kiwi (NZD/USD) has reacted off the pivot which has been identified as an overlap support and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 0.6164
1st Support: 0.6126
1st Resistance: 0.6232
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal?The Aussie (AUD/USD) is rising towards the pivot which is an overlap resistance and could drop to the 1st support.
Pivot: 0.6758
1st Support: 0.6684
1st Resistance: 0.6813
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?USD/CHF is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 0.8495
1st Support: 0.8430
1st Resistance: 0.8584
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Heading into 61.8% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which acts as an overlap support.
Pivot: 1.1104
1st Support: 1.1037
1st Resistance: 1.1153
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
PIMCO Warning on Fed's First Cut in 4 Years next week The only event that matters next week is the US Federal Reserve's interest rate decision, which could result in its first rate cut in over four years
PIMCO analysts, in a fresh note, outlined what could be in store for the U.S. dollar as the Fed embarks on its rate-cutting cycle. Historically, the dollar has shown a tendency to weaken, at least briefly, following the Fed’s initial rate cuts since the 1990s.
The Fed now faces a tight decision on whether to opt for a larger-than-expected half-point cut or stick with a quarter-point reduction.
An aggressive half-point move could raise concerns that the central bank is concerned about the economic outlook for the US, potentially prompting markets to price in further, more drastic rate cuts beyond the Fed's current trajectory.
GOLD LONG TO $2,550Although I'm already short on Gold from $2,526 I have warned on my previous sell analysis that we might see early sellers get shaken out the market through volatile price action. We might see 1 more ATH on Gold towards the $2,540 - $2,550 price zone before the CORRECTION starts.
This is a highly probable scenario considering we're now at the start of a new month, so we can expect;
⭕️Liquidity Grab On Monthly Candle.
⭕️3 Sub-Waves (W,X,Y) To Complete Wave 5.
⭕️Shakeout Of Early Sellers & Late Buyers.
I will ONLY take a buy position if Gold first reaches Wave I, breaking structure to the upside, followed by a retest towards Wave II. If this does not happen I will not be looking to buy.
USDCHF Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.85200 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85200 support and resistance area.
Trade safe, Joe.
Market Forecast for Gold into $3,000Gold's consolidation phase within a rising wedge pattern illustrated market uncertainty ahead of the U.S. presidential election and broader economic factors. The price action indicated a retracement towards key support levels at 2,470 and 2,367 USD, aligning with typical market cycles that precede significant rebounds.
This phase suggested a corrective pullback within the broader uptrend, a natural part of the market cycle where consolidation and profit-taking occurred before the next rally. The pullback towards the 2,367 USD level acted as a springboard for a renewed uptrend. Seasonal trends and unforeseen geopolitical events increased gold’s safe-haven appeal, contributing to price acceleration towards the long-term target to 3,000 USD.
With the U.S. presidential election on the horizon, unclear economic policies from potential candidates contributed to market hesitation. This uncertainty often drove investors toward safe-haven assets like gold. Central banks' responses, particularly from the Federal Reserve, Bank of Japan and the European Central Bank, were critical. Interest rate adjustments, inflation controls, and currency interventions all played a role in shaping gold's trajectory. When central banks signaled that inflation was persisting, it accelerated gold’s ascent. Conversely, when inflation moderated and interest rates rose significantly, it created temporary pressure on gold prices. The retracement towards 2,470 and 2,367 USD levels offered a strategic entry point for investors looking to position themselves.
Those who took that trade made money, and I thank you for believing in this chart.
TOTAL3 on the verge of a massive breakoutThe altcoin sentiment is in the gutter, FUD everywhere, everybody is calling for "recession", including the stock market. Perfect conditions to turn the ship around and blast off to new highs and leave sideliners angry.
Historically, squeezing Boilinger bands point to a big volatility move after consolidation. Let's see how this play out.