Charts_M7M

Charts_M7M

🔽 USD/JPY Selling Opportunity 🔽 📌 Take Profit 1: 148.96 📌 Take Profit 2: 148.38 📌 Stop Loss: Above 150.35 💡Reasoning: The USD/JPY pair has recently shown signs of weakness, with a potential reversal forming after hitting resistance around the 150.35 area. With key technical indicators suggesting a bearish momentum, we are anticipating a move down towards the...

Charts_M7M

💡 Reasons for a bullish movement based on technical view: The price is currently testing a strong $20–$21 support zone, an area that has previously led to significant bounces, indicating strong buyer interest. A break above $23 could signal an early bullish reversal, while a move above $27 would provide further confirmation of an uptrend. Additionally, the RSI is...

Charts_M7M

Crude oil is showing signs of potential downside movement. After a recent rally, price is facing strong resistance near $71.60-$72.65, where sellers are stepping in. 🔻 Key Observations: 1️⃣ Price previously broke out of a descending channel but failed to gain strong bullish momentum. 2️⃣ A lower high is forming, indicating that buyers are losing control. 3️⃣...

Charts_M7M

NVIDIA Bullish Setup! 💚 NVIDIA remains in a strong uptrend, respecting its trendline support and showing bullish momentum leading into its earnings report on Feb 26. With buyers stepping in at key levels, a push towards the $150 target looks likely in the short term! 🔹 Current Price: $137 💡 Why bullish? 🔹 Strong long-term uptrend 📈 🔹 Buyers defending higher...

Charts_M7M

EUR/USD is testing a key resistance zone, with a potential bullish breakout on the horizon. The price is retesting the level, and if it confirms as support, we could see strong upside momentum! ✅ TP1: 1.0577 ✅ TP2: 1.0651 ✅ TP3: 1.0729 🔻 SL: Below 1.0426 💡 Why bullish? 🔹 Price breaking key structure = trend shift 🔹 Clean risk-reward setup 🔹 Buyers stepping...

Charts_M7M

Super Micro Computer (SMCI) is showing strong bullish momentum, with the $30 support level holding firm since November. A recent breakout from the downward trendline and a rising channel on the chart signal steady upward movement, with potential targets at $36, $42, and $46. On the fundamental side, SMCI’s upcoming AI server releases are expected to drive...

Charts_M7M

The price is approaching a strong support zone at $145–$150, which has acted as a key resistance in 2020 and a reliable support level during 2022–2023. This zone could trigger a bounce, but much will depend on the upcoming earnings report on February 4th. A positive report might drive a rebound toward $160 or higher, while disappointing results could lead to a...

Charts_M7M

Hi traders, USDCAD is showing a classic bullish flag pattern, signaling that the uptrend is likely to continue! After a strong rally (the flagpole), the pair has entered a consolidation phase, forming a tight range between support and resistance. This setup is primed for a breakout to the upside. 💡 Key Levels: TP1: 1.44960 TP2: 1.45706 TP3: 1.46614 Stop Loss:...

Charts_M7M

Key Drivers for NVIDIA's Growth: Surging AI Demand: NVIDIA's GPUs are integral to training sophisticated AI models. The company's latest Blackwell GPUs are sold out for the next 12 months due to unprecedented demand from major tech companies, underscoring NVIDIA's pivotal role in AI advancements. Data Center Expansion: NVIDIA's data center revenue has...

Charts_M7M

The falling wedge pattern on the EUR/USD 12-hour chart has been confirmed, signaling a potential bullish breakout. This classic technical setup indicates a reversal from the prior downtrend, with buyers stepping in as price breaks above the upper resistance line of the wedge. Key Details: Pattern Confirmation: The breakout above the wedge resistance line...

Charts_M7M

Overview: Bitcoin (BTC/USD) is showing symmetrical movement between two significant zones, with resistance at 108,000 and support near 92,000. The price currently trades near the upper resistance level, hinting at potential reversal or breakout scenarios. Key Levels: Resistance Zone: 108,000 – A key barrier where sellers have consistently stepped in. Support...

Charts_M7M

Overview: Gold has broken out of a key descending trendline, signaling strong bullish momentum. The price is currently testing the 2,740-2,750 support zone, previously a resistance, suggesting a potential continuation to the upside. Key Points: Breakout Confirmation: The breakout above the descending trendline adds to the bullish case. Support Retest: The...

Charts_M7M

Overview: The USD/ZAR pair is trading near a strong support zone around 18.50, a level that has consistently held over the past months. Price action suggests a potential bounce from this area. Key Points: Support Strength: The highlighted support zone has historically served as a launch point for reversals. Bullish Opportunity: The recent rejection of this...

Charts_M7M

Overview: The pair has broken out of a descending channel, signaling a potential bullish shift. Key Points: 1️⃣ Broken Resistance breached the channel's upper boundary, turning resistance into support. 2️⃣ Bullish Momentum: Momentum suggests a move toward higher resistance levels. Trade Details: 🎯 TP1: 0.5180 🎯 TP2: 0.5220 Stop Loss: Below 0.5110 or...

Charts_M7M

CAD/JPY is exhibiting bearish momentum after breaking below the ascending channel. This breakdown signals a potential shift in market sentiment, with sellers gaining control. The price is currently trading below the channel's lower trendline, confirming bearish pressure. The next significant target lies around the 106.00 support level, which aligns with a...

Charts_M7M

USD/CAD has broken above a key resistance level, confirming strong bullish momentum. This breakout suggests a high probability of further upside movement, with the next target around 1.4615. While the bullish trend remains intact, there is a possibility of a short-term correction, with a retest of the broken resistance to confirm it as new support. Such a move...

Charts_M7M

Gold has reached a significant resistance zone near $2,702, as shown in the chart. This level has previously acted as a strong barrier, and we can expect a potential short-term pullback from here. If the price follows this bearish move, it may target the support zone around $2,659–$2,640 before finding renewed bullish momentum. Once the pullback is completed,...

Charts_M7M

📊 Overview: Cardano is setting the stage for a massive rally with a textbook bullish flag pattern on the daily chart. After a stunning 280% surge forming the flagpole, ADA is now consolidating in a controlled channel, signaling a likely continuation to much higher levels. This is a golden opportunity for bullish traders. 📈 Why Cardano is Poised to Explode:...