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Wave Analysis

EUR/JPY 1H Analysis – Ascending Channel With Critical ResistanceThe EUR/JPY pair has been trending steadily inside a well-defined ascending channel, indicating bullish control over the past few weeks. However, price is now approaching a major horizontal resistance zone, aligning with the upper boundary of the channel — a critical area for potential breakout or reversal. 🔍 Chart Structure Breakdown: 🔹 1. Ascending Channel (Trend Continuation Structure) The pair is respecting both the upper and lower trendlines precisely, forming a bullish parallel channel. EMAs are aligned bullishly and acting as dynamic support. Price continues forming higher highs and higher lows, a classic uptrend behavior. 🔹 2. Horizontal Resistance Zone (Purple Box) The price is currently retesting a key horizontal resistance zone where sellers previously stepped in. This zone aligns closely with the upper channel boundary, increasing confluence. We could be witnessing a potential double top or a breakout build-up. 🔹 3. Volume Spike & Buyer Strength Recent candles show increased volume — a possible signal that institutions are preparing for a larger move. If volume increases further on breakout, it would confirm continuation. 🧭 Scenarios to Watch: 🟢 Bullish Scenario: A strong breakout above the purple zone with a full-body candle close could signal: A breakout from the ascending channel. Fresh bullish momentum possibly targeting the 170.800–171.500 zone. Ideal entry: On bullish retest of the breakout zone. SL below breakout candle; TP at upper Fibonacci extensions. 🔴 Bearish Scenario (Double Top Rejection): If price rejects the resistance zone again, forming a lower high or engulfing candle: Expect a short-term pullback toward the midline or lower channel, around 168.500–168.000. Bearish divergence with RSI or volume may confirm weakness. This would create a Double Top inside the channel, often leading to a deeper correction. 📌 Conclusion: EURJPY is at a make-or-break zone. The bullish structure remains intact, but the price must break and hold above the resistance to confirm strength. Until then, this could be a short-term exhaustion point. 🔄 Stay flexible. Watch volume, candle closes, and EMA behavior for confluence on your trade setup. This analysis and chart work are entirely original and created from my own observations and strategy. Any resemblance to other posts is purely coincidental. ⚠️ Disclaimer: This analysis is for educational and informational purposes only and does not constitute financial advice or a buy/sell recommendation. All views expressed are my own, based on personal technical interpretation.
by SLPHOBIA
it's a time for RRX (Recro Pharma)? Current trend: The recent sharp price increase (around 5.25 USD) with strong volume support indicates robust demand. The upward arrow on the chart suggests a continuation of this movement. Resistance level: The nearest resistance is in the 6.50-7.00 USD range, where the price previously faced challenges. Breaking this level with high volume could pave the way to 7.50 USD. Moving averages: If the blue line (likely the 50-day moving average) holds as support and the yellow trend line remains upward, a bullish scenario is plausible. Technical indicators: Assuming RSI does not yet indicate overbought conditions (further oscillator analysis is needed), momentum could support an upward move. Target of 7.50 USD: The 7.50 USD level is a realistic short-term target, approximately 42% above the current price, assuming positive market sentiment persists. Potential Target 7.50 USD
NASDAQ:RXRXLong
by darksignal
Gold long-short strategy US trading range operation Gold prices (XAU/USD) recovered some of their losses during Monday's Asian trading session, driven by expectations that the Federal Reserve may cut interest rates further this year (and perhaps earlier than previously expected). This prospect weighed on the dollar, making dollar-denominated gold more attractive to overseas buyers. However, the recent improvement in global risk sentiment (driven by the US-China trade agreement and the Israeli-Iranian ceasefire agreement) may reduce the safe-haven demand for gold. Investors will now turn their attention to upcoming comments from Federal Reserve officials, with Atlanta Fed President Rafael Bostic and Chicago Fed President Austan Goolsbee expected to speak later in the day. Gold prices recovered, accumulating around the 3,300 price range at the beginning of the new week. Still in a major downtrend. ⭐️Set Gold Price: 🔥Sell Gold Area: 3316-3318 SL 3323 TP1: $3305 TP2: $3290 TP3: $3277 🔥Buy Gold Area: $3248-$3246 SL $3241 TP1: $3258 TP2: $3270 TP3: $3286 ⭐️Technical Analysis: Set reasonable buy orders based on technical indicators EMA 34, EMA89 and support and resistance areas.
OANDA:XAUUSDShort
by labaronAA
1
Gold's rally has not reversed yet? The consolidation pattern hasTechnicals: Short-term risks remain skewed to the downside as the momentum of the relative strength index (RSI) and the moving average convergence divergence indicator (MACD) weakens. The RSI hit a new low below the neutral 50 mark. If short pressure intensifies in the next few trading days, gold prices may retest the upper track of the previous falling channel at 3215, followed by the rising support line from October 2024 at 3150. If it falls below this level, the decline may accelerate towards the psychological level of 3000, or even lower to 2970. On the upside, if a strong catalyst pushes gold to rebound above the 20-day and 50-day moving averages (currently 3320-3350), the next resistance level may appear in the 3400-3435 range. A decisive close above this boundary may pave the way for gold prices to move towards 3500, or test resistance near 3530, and then may target the 3600 level. Overall, despite the weakening technical indicators, gold has not completely lost its bullish reversal potential. As long as the price remains within the sideways structure above 3150, the downward pressure may still give rise to a "buy on dips" strategy.
TVC:GOLD
by AIan_Gold
1
BYD: Heading for the Low!BYD remains on a downward trajectory, with the current leg expected to carve out the low of magenta wave while staying above key support at HK$111. Under our primary scenario, this level should trigger a strong upward reversal, which should set the stage for the completion of the broader green wave . Only after this upside move do we expect a deeper correction, which should eventually break through support at HK$111 and HK$67.60 to form the low of green wave . That said, we can’t rule out an earlier breakdown. There’s a 33% probability that the high of green wave alt. is already in. In this case, the price could breach support sooner, suggesting the low of wave alt. may form ahead of schedule. 📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do.
HKEX:1211
by MarketIntel
NIFTY Short Term View <25650-25200>If you follow my other ideas, I think you are gaining trust on the tool ZZ. Please don't blindly follow me and my posts. I just want to make you curios that one tool with clear idea is enough to predict the market. But condition is you have to practice a ton. Here I am sharing just glimpse of it, there are so many things to do with ZZ. Keep learning || Trust analysis || Keep Trading & Investing Any question or suggestion please feel free to comment below.
NSE:NIFTY
by dipanjanxsamanta
GBPCAD Set To Grow! BUY! My dear friends, GBPCAD looks like it will make a good move, and here are the details: The market is trading on 1.8698 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.8728 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Next week's gold trend analysis strategy: 1. News interpretation: Fed policy and market sentiment dominate the direction ✦ Review of key factors: The situation in the Middle East has eased The safe-haven demand for gold has declined, which is bearish for gold prices. Fed Focus: PCE Price Index If PCE data rises → Strengthen interest rate hike expectations → Gold prices are under pressure If personal spending is weak → Interest rate hike expectations slow down → Favorable gold price rebound Investors' wait-and-see sentiment heats up → There is no panic selling in the market, and it tends to fluctuate downward rather than plummet. 2. Technical analysis: Bearish dominance, pay attention to key support areas Daily structure: The bearish trend is clear, and the moving average system turns downward; The price is running near the lower track of the Bollinger band, and there is a suspicion of short-term oversold; The 3280-3295 area constitutes a pressure zone, which has not been broken after multiple tests. Key points at the 4-hour level: A step-down channel is clearly formed; Support levels gradually move downward, a typical bearish pattern; Lower support: 3270 → 3263 → 3250-3245 Upper pressure: 3280 → 3300 → 3310 III. Gold trend forecast for next week 📉 Main trend: bearish, short-term or bottoming out If it falls to the 3245-3250 area, a short-term technical rebound can be expected; After the rebound, it may be blocked again in the 3280-3295 range, suitable for short selling; Unless it strongly recovers above 3310, it will be difficult to reverse the downward trend. IV. Operation strategy suggestions (core) Sell on highs 3285 - 3295 Stop loss 3310 Target 3255 / 3245 Layout short orders near resistance Trend bottom-picking 3245 - 3250 Stop loss 3238 Target 3275 / 3280 Oversold rebound expected, try to buy long with a light position Aggressive short selling near 3310 Stop loss above 3336 Target 3280 / 3263 Top and bottom conversion resistance level, if the test is not broken, short V. Summary and Outlook ✅ Conclusion: Next week, the trend of gold will still be "high-short as the main and low-long as the auxiliary", focusing on the game between 3250 support and 3295 pressure level. Gold has not yet broken out of the short structure, and the inertial decline after breaking 3295 will continue. It is recommended that traders avoid chasing ups and downs, strictly implement stop losses, and remain flexible.
FOREXCOM:XAUUSDShort
by Gold_Hunters_Alliance
1000CHEEMS/USDT Breakout!!1000CHEEMS has been consolidating within a symmetrical triangle pattern over the past 100 days, indicating strong accumulation and decreasing volatility. Recently, price action reclaimed the key $0.014 support level and is holding firmly above it. A confirmed breakout above the triangle resistance could trigger a parabolic move, with the green box acting as the launch zone for the next major leg up. Key Highlights: Symmetrical triangle formation – 100 days of consolidation Strong reclaim and hold of $0.014 support Breakout confirmation to initiate bullish momentum Green box signals potential breakout zone 🚀 Upon breakout, expect rapid upside movement toward higher targets.
BINANCE:1000CHEEMSUSDT.PLong
by Captain-MAO
BTC Breakout Imminent – Targeting $110,349🕒 Timeframe: 30-Minute Chart 📈 Current Price: $108,425 🎯 Projected Target: $110,349 --- 🔍 Chart Zones & Key Levels: 🔷 Blue Resistance Zone (~108,500 - 110,500) Price is currently approaching the top of this range. Historically, price rejected strongly from this area (left blue circle). This zone has acted as major supply, but now price is retesting with bullish momentum. 🟢 Green Circles – Key Reaction Points The first green circle marks a strong bounce from previous support (~106,000). Second green circle shows resistance rejection, indicating it's a key pivot level. 🔶 Orange Zone (~104,000 - 106,500) This acted as a demand zone during the correction (middle of the chart). Price formed a double bottom within this zone, signaling bullish reversal (orange circle). --- 📊 Structure & Pattern: Consolidation breakout from a horizontal range. Forming higher highs and higher lows, showing bullish structure. The blue arrow path shows expected price movement: Minor pullback Followed by breakout towards $110,349 target --- 🧠 Market Sentiment: Strong accumulation near $106,000 suggests buyers are in control. Price is gradually grinding higher into resistance with volume increasing (implied). --- 🧭 Conclusion: Bias: Bullish Entry Zone: Dips near $107,800–$108,000 Target: $110,349 Invalidation: Break below $106,500
Short
by Olivia_Magnam44
EURUSD Will Go Higher From Support! Long! Take a look at our analysis for EURUSD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.172. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.177 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1