SignalSage_Ben

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...

SignalSage_Ben Updated 

Hey Guys. As you can see, I am very bullish on the dollar at the moment.

SignalSage_Ben Updated 

Hey Traders, It looks like TVC:GOLD will continue selling as the bears gain more momentum. The price recently retested the 2390 support, which has now turned into resistance. Current Market Conditions: Support and Resistance: Price has retested the 2390 support turned resistance, indicating potential further downside. Bearish Momentum: Increased selling...

SignalSage_Ben

Hey Traders, It looks like we're in for a bearish move on OANDA:EURUSD this week. The price continues to form lower lows and lower highs, with the latest impulse correction breaking and retesting the 1.082600 major level (support turned resistance). Technical Analysis: The bearish trend is supported by the rising TVC:DXY , which adds strength to the dollar...

SignalSage_Ben

Hey Guys. *The market is currently facing a major demand/support zone. *I expect the price to move up to around 1.22700, for the retest of the broken uptrend and the formation of a head and shoulder pattern to look to shorts *Or if the price is able to break through the 1.21275 support, then we should be looking for sells during the retest

SignalSage_Ben

Hey Guys. *We have a very interesting price structure at the moment. *Price has just broken through a major uptrend, which is being retested a the moment. -I believe it will be best for us to wait for a break below the 1.05450 demand zone to be looking for shorts.

SignalSage_Ben

Hey Guys. *I have a very bearish outlook for gold this week. *Price has broken through major support turned resistance, which is currently being retested. *Price has also broken throgh a strong uptrend and is currently retesting it. *Price looks to be forming a head and sholder pattern. -We should patienctly wait for a breaish confirmation for sell. Have a Good one guys.

SignalSage_Ben

Hey Guys. *The Dollar is looking bullish this coming week. *Price has broken through the daily trend resistance. *Price has also broken through and closed above a major resistance/supply. -There's a high probability that the market will make a move to the upside. -Especially if we get the retest of the previous resistance turned support. -But we should not...

SignalSage_Ben

*Price is currently trading at the 0.382 Fib level of the last major impulse, with strong bearish momentum, which is likely to push the price to the 0.618 Fib level (Around 166.150) *We should be looking for bullish confirmations at the current level or more preferably at the 0.618 discount level or above 166.550 for longs. -My first official published idea/...