SignalSage_Ben

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...

SignalSage_Ben

Hey Traders, The GBP/USD pair is facing significant resistance near the 1.31800 level. With the recent U.S. economic data showing a stronger-than-expected performance, the U.S. dollar has gained strength, adding downward pressure on the pound. This analysis explores the potential for a bearish move, aiming for lower support levels. Current Market Conditions:...

SignalSage_Ben

Hey Traders, GBPUSD is showing a classic Head and Shoulders pattern, indicating a potential reversal from its recent uptrend. With the pair currently testing the neckline around 1.31658, we could see a significant move to the downside if this support fails. Current Market Conditions: Head and Shoulders Pattern: A clear Head and Shoulders pattern has formed,...

SignalSage_Ben

Hey Traders, OANDA:EURUSD recently broke below two major support levels, zones which have now become resistance levels and are yet to be retested. With the current setup, I anticipate a potential rejection at these levels, signalling a possible downward move. Current Market Conditions: Key Resistance: EURUSD is approaching the 1.11114 resistance level, which...

SignalSage_Ben

Hey Traders, The Dollar Index ( TVC:DXY ) is currently navigating a pivotal phase. After breaking below the significant resistance level of 104.105, the index is now trading around the support zone of 100.800. While ongoing bearish momentum suggests a possible continuation to the downside, there is also a potential for a market correction and a retest of the...

SignalSage_Ben

Hey Traders, As things stand on OANDA:GBPJPY Price has just broken through a major resistance level, which has now flipped to support, and has performed a retest with the previous candlestick. This setup suggests a continuation of the upward movement, aiming to complete a deeper correction after a prolonged bearish phase. Current Market Conditions: Key...

SignalSage_Ben

Hey Traders, It appears that NZDUSD is approaching a significant resistance level around 0.60583, which aligns with previous price action and a potential reversal area to retest the last major break-of-structure .This zone also matches the 0.618 fib level, taken on the impulse from 0.61525 to 0.58825. I anticipate a rejection from this level, leading to a...

SignalSage_Ben Updated 

Hey Traders, The momentum for FX:GBPUSD suggests a compelling bearish opportunity as the price makes a decisive push lower, continuing its pattern of lower lows and lower highs. After breaking below and retesting the 1.29000 major level, the stage is set for potential further declines. Current Market Conditions: Price Action: Continued formation of lower lows...

SignalSage_Ben

Hey Traders, It appears that OANDA:EURUSD has reached the top resistance of a range it established towards the end of 2022. With the price starting to reject off these levels, I anticipate further continuation to the downside. Current Market Conditions: Range Resistance: The price has reached the upper boundary of a range that has been in place since late...

SignalSage_Ben Updated 

Hey Traders, It appears FX:NZDCAD is looking to make a pullback/correction after its last bearish impulse. I suspect that price will make its way to 0.82500 (which is also the 0.618 Fib level) before continuing to the downside. Current Market Conditions: Pullback Scenario: After a strong bearish impulse, a pullback to the 0.618 Fib level (0.82500) is...