SignalSage_Ben

SignalSage_Ben

Hey Traders, OANDA:GBPCAD has tapped into the 1.84617–1.85046 resistance zone, aligning with the 0.382–0.5 Fibonacci retracement and channel resistance. Price is showing signs of rejection with wicks and a bearish setup brewing- suggesting a potential continuation to the downside within the descending channel. Current Market Conditions: Price is...

SignalSage_Ben

Hey Traders, USDJPY has just tapped the top of its ascending channel around the 148.70 resistance- an area that has historically triggered bearish reactions. With signs of rejection and waning bullish momentum, we’re now at a potential inflection point for short-term downside retracement. Current Market Conditions: Price has reached and slightly wicked above...

SignalSage_Ben

Hey Traders, Gold is testing a confluence of resistance levels around 3,322 – including the 0.618 Fibonacci retracement and descending channel resistance. Despite short-term recovery, price remains within a bearish structure, and sellers may re-enter at this zone unless a strong breakout occurs. Current Market Conditions: Price is respecting a clear descending...

SignalSage_Ben

Hey Traders, The U.S. Dollar Index (DXY) is consolidating just above a strong support cluster around 97.325, aligned with ascending channel structure and historical demand. Price action is suggesting a potential bullish continuation if this support zone holds firm. Current Market Conditions: * DXY is trading within a well-defined ascending channel, maintaining...

SignalSage_Ben

Hey Traders, OANDA:XAUUSD has recently found support at a crucial demand zone around 3351.75, bouncing off this level with a sharp rejection wick, signalling buyer interest. The price action now shows a potential shift toward bullish structure with an expected retest and continuation toward higher resistance levels. Current Market Conditions: Price is...

SignalSage_Ben

Hey Traders, CADJPY has reacted sharply to the 106.20 resistance zone, forming a potential lower high and setting the stage for a short-term bearish reversal. The price appears to be respecting the previous structure, and a drop toward the 105.00 and 104.00 regions may be on the cards if downside momentum builds. Current Market Conditions: Strong rejection at...

SignalSage_Ben

Hey Traders, AUDJPY has recently reversed from the key resistance zone near 94.60, showing signs of short-term weakness. Price action has broken below the previous structure and is now attempting a retest of the 93.80 area, which could act as fresh resistance and trigger the next bearish leg. Current Market Conditions: The pair rejected a major resistance zone...

SignalSage_Ben

Hey Traders, OANDA:GBPJPY is currently testing a key resistance zone around 195.75 - 196.35, showing early signs of rejection. The pair recently completed a bullish impulse, but bearish pressure is creeping in as price forms a potential lower high-suggesting a possible shift in structure. Current Market Conditions: Price is reacting to a historically...

SignalSage_Ben

Hey Traders: Gold ( OANDA:XAUUSD ) has maintained its bullish market structure despite recent pullbacks. We are currently sitting on a significant horizontal and trendline support area, where buyers have previously stepped in. This presents a potential opportunity for a bullish continuation if price holds and confirms at this zone. Current Market...

SignalSage_Ben

Hey Traders, As we examine the XAUUSD ( CAPITALCOM:GOLD ) chart, we observe a significant price movement recently, suggesting a potential deeper correction may be on the horizon. Current Market Conditions: Gold has experienced a strong rally, hitting resistance levels near $2,670.551. Following this, we see a sharp pullback, indicating possible selling...

SignalSage_Ben

Hey Traders, The U.S. Dollar Index ( TVC:DXY ) is currently trading in a downward trend channel, showing bearish momentum. However, the index is approaching critical levels where a potential breakout could lead to a shift in market sentiment. Let's take a closer look at the technical landscape and identify key levels to watch for both bullish and bearish...

SignalSage_Ben

Hey Traders, We are currently observing OANDA:GBPUSD in a corrective move after a failed attempt to break the resistance zone. A descending trendline is dictating market direction, and with recent price action failing to break above key resistance, the market looks poised for another bearish move towards support. Current Market Conditions: On the chart,...

SignalSage_Ben

Hey Traders, CAPITALCOM:GOLD is currently encountering a potential resistance near it's all time high of 2,578, showing signs of potential bearish pressure. This level coincides with a significant supply zone, and early signs of rejection suggest a possible downside move to retest the most recent range resistance turned support/demand zone around 2...

SignalSage_Ben

Hey Traders, OANDA:GBPUSD is currently testing and respecting a critical resistance level around 1.31500, showing signs of a potential reversal after printing a daily wick rejection. This level aligns with the upper range of recent price action(downtrend), and a failure to break above could signal an opportunity for bears to take control. Current Market...

SignalSage_Ben

Hey Traders, OANDA:NZDCAD is showing signs of rejecting a key resistance level at 0.84100, with the price currently pulling back within a descending channel. This setup could indicate the continuation of the downtrend. Current Market Conditions: Descending Channel: The pair is moving within a well-defined descending channel, suggesting a continuation of the...

SignalSage_Ben

Hey Traders, CAPITALCOM:GOLD is currently at a significant resistance level/all time high near $2,570. As it slows down around this critical zone, traders are closely watching for a potential reversal/ correction to retest the major resistance turned support at around $2,530. (I have already entered the trade based on the H1 bearish engulfing...

SignalSage_Ben

Hey Traders, USDCHF is displaying a potential bullish setup, indicating a possible move to the upside. The pair is currently hovering near a support level around 0.85000 which price should return to for a break and retest, and a breakout above 0.85563 could signal the confirmation and continuation of the upward trend. Current Market Conditions: Key Support Zone:...

SignalSage_Ben

Hey Traders, OANDA:EURUSD is displaying signs of a bearish continuation pattern, hinting at potential further downside. The pair has encountered strong resistance around the 1.11224 level, and with momentum building, it appears poised for another leg lower/impulse after this correction. Current Market Conditions: Bearish Continuation: The pair has been...