Horazio

Horazio Jan 23

On the 4H timeframe, GBP/USD is trading near a critical support zone around 1.2350, showing signs of potential exhaustion in its recent downtrend. The RSI indicates a possible bullish divergence, suggesting momentum could shift upward. Price action reflects repeated support bounces in this range, making it a significant level to watch. Key resistance lies around...

Horazio Jan 23

On the 4H timeframe, EUR/USD continues its downward trend, forming consistent lower highs and lower lows, signaling strong bearish momentum. The recent bounce around 1.0399 indicates a potential short-term retracement. The overall structure remains bearish unless key resistance levels near 1.0530 and 1.0570 are broken. Indicators like RSI are hovering near the...

Horazio Jan 23

On the 1H timeframe, XAU/USD shows strong bullish momentum, steadily approaching a key resistance zone around $2760-$2770. The price is forming higher highs and higher lows, with RSI trending near overbought territory, indicating strong buying pressure. The MACD histogram remains in positive territory, supporting the bullish narrative. However, immediate...

Horazio Dec 2, 2024

The pair is coming off a recent lower high, signaling a potential shift from the previous bullish trend. A minor pullback has formed near the 156.90 support zone, which aligns with prior structural levels. RSI hovers near neutral (40-50), suggesting that momentum has cooled but not yet oversold. This indicates a wait-and-see phase before the next directional...

Horazio Dec 2, 2024

The XRPUSDT pair has seen a dramatic surge, breaking through historical resistance levels and displaying strong bullish momentum. Let’s dive into the details of this incredible move: XRPUSDT has made a parabolic move, pushing past prior resistance near $1.00 and exploding to levels above $2.70. The breakout has been supported by long-term accumulation within a...

Horazio Dec 2, 2024

The price is retracing to the 150.00 level, which is a significant resistance zone. Now we must expect a consolidation phase especially because NFB will be this week. A sustained move above this level, confirmed by increased volume, may signal the continuation of the bullish trend. Conversely, a rejection at this resistance could lead to a retracement towards the...

Horazio Dec 2, 2024

As RSI appears to be approaching or near oversold levels, it suggests that a short-term pullback or consolidation may occur. Look for a retracement at the 190.9 - 191.5 levels Recent levels around 190.00-192.00 now act as strong resistance. Any pullback towards these levels could offer shorting opportunities if confirmed by bearish signals.

Horazio Dec 1, 2024

EURJPY is at a critical juncture, with 157.00 acting as a make-or-break zone. Monitor for a bounce or a decisive breakdown to gauge the next significant move. The pair has been in a clear downtrend, reflected by consistent lower highs and lower lows on the chart. Price is currently trading near a potential support zone around 157.00, which aligns with previous...

Horazio Dec 1, 2024

The NZDUSD is at an strong FVG zone at the higher end near 0.5960-0.6070, marking a major resistance or liquidity area. This zone aligns with the prior HH, making it a critical area for potential reversals or breakouts. Bullish Scenario: A breakout above 0.5940 targets the strong FVG near 0.6070. Sustained bullish momentum could confirm a mid-term reversal toward...

Horazio Dec 1, 2024

USDCHF is at a critical juncture, where the price must either confirm a bullish reversal by breaking key resistance or continue its bearish trajectory. The price has recently rebounded off a critical support level near 0.8400, a historical demand zone. This suggests that buyers are defending this level strongly. RSI is trending upward from oversold territory but...

Horazio Nov 20, 2024

Gold is trading within a bullish ascending channel but faces significant resistance near 2655, a failure to hold above 2640 may lead to a bearish retracement. The volume profile shows that High Volume Nodes (HVNs): Heavy trading activity is concentrated around 2655 - 2660, indicating a significant area of interest for institutional traders to short the instrument....

Horazio Nov 20, 2024

A breakdown below 18850 could open the door for deeper corrections toward 18750 and potentially 18550. But a bounce from 18850, with strong momentum, could lead to further upside targets at 18900 and 19200.

Horazio Updated  Nov 20, 2024

US500 remains in a bullish trend, but the ongoing pullback suggests a potential correction toward 5840–5880. This zone, supported by the Ichimoku cloud and imbalance on a 1D TF, and could serve as a strong area for a bullish rebound. A breakout above 6,000 would confirm the next leg of the bullish rally, while a breakdown below 5,740 could trigger a deeper correction.

Horazio Updated  Nov 20, 2024

Trading Strategy Ideas Long Position: Consider a buy entry if GBP/USD closes above the trendline resistance with momentum, targeting 1.3040 - 1.3050 as the next resistance. A stop-loss below the 1.2950 support would reduce risk. Short Position: If the price gets rejected at the resistance and breaks below 1.2950, a short position could be viable, aiming for the...

Horazio Nov 20, 2024

The pair is trading within a descending channel, with key levels of resistance and support dictating price movements. Breaking above 0.8340 could favor bulls, while losing 0.8300 would strengthen bearish momentum.

Horazio Updated  Nov 20, 2024

USD/JPY is in a strong bullish trend, with the potential for further upside if resistance at 155.50 is broken, focus on retracements to 153.50 - 152.50 for long entries.

Horazio Updated  Nov 19, 2024

Gold is currently consolidating near a key resistance level at 2616 after testing lower support zones. A break above 2616 could lead to a retracement toward higher resistance at 2627 or beyond, while failure to hold above 2607 could result in bearish continuation targeting 2600 or potentially breaking the lower support zones at 4h support down to 2550 or lower.

Horazio Nov 19, 2024

The US500 is exhibiting strong bullish momentum following a rebound from a key support zone around 5850, which aligns with prior consolidation levels. This support is further reinforced by the upward sloping moving averages beneath the price action, signaling sustained buying pressure. A decisive breakout above 5900 could open the door for further gains, with the...