SpicyPips

SpicyPips

This checklist is designed to help you perform a thorough analysis of the market to make informed trading decisions. It encompasses a range of technical and fundamental questions that should be considered before entering a trade. Market Overview and Direction 1. What is the overall direction of the market? 2. What are the directions of various market...

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After analyzing multiple timeframes, we can see that the price started trading within a large channel from Friday, 15th March 2024. The channel’s upper boundary acted as a strong resistance on Thursday, 31st October 2024, at 2790. Both the upper and lower boundaries of the channel have consistently functioned as key support and resistance levels. The price...

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After a strong breakout from a falling wedge and handle pattern on Wednesday, Nov 6, 2024, price surged to an All-Time High of 109,358.01. However, a retracement followed, with the formation of a double top pattern leading to a breakdown below the neckline at 91,809.11, sending prices tumbling to 78,167.81, perfectly aligning with the golden ratio (50% Fibonacci...

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COINBASE:BTCUSD - Daily Current Price: 97,520 Executive Summary: Is Bitcoin Set for a Correction After Hitting $104,000? Bitcoin has hit significant milestones, with two of our predicted targets—$90,000 and $100,000—successfully achieved, delivering a remarkable gain of 46.44% and 3,307,221 pips. After climbing to $104,000, Bitcoin entered extreme...

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After analyzing multiple charts, the USDJPY chart reveals a potential correction as the price encounters resistance at a broken weekly trendline, now serving as a key supply zone. The steep uptrend appears overextended, increasing the likelihood of a retracement as the market consolidates gains. A breakdown of the rising support trendline could signal a shift...

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Everything is outlined on the chart to keep it as simple as possible.

SpicyPips Updated 

Everything is outlined on the chart to keep it as simple as possible.

SpicyPips Updated 

The price is approaching the resistance zone at 2721.148, a level previously tested and rejected. A bearish pullback from this area could drive the price toward the support at 2649.948. If momentum builds further, the next target could be around 2591.581. Watch closely for confirmation near the resistance before making any decisions. Trade smart and stay sharp,...

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Price rejected from 158.409, forming a potential downward setup. The target near the 151.746 support, the risk-to-reward ratio is favorable at 3.15. Confirmation of bearish momentum may drive price toward the lower support, aligning with the RSI showing a loss of bullish strength. Keep an eye on the 156.108 support as an intermediate level before the final...

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After analyzing multiple timeframes, we can see that the price managed to rise to 150.738 on Friday, 21st of February. However, after encountering resistance, it reversed and broke the support level at 149.568. Additionally, the price has been trading within a channel since Monday, 23rd of December 2024, consistently respecting the lower boundary of the channel...

SpicyPips Updated 

Everything is outlined on the chart to keep it as simple as possible.

SpicyPips Updated 

Gold (XAU/USD) shows strong bearish momentum across multiple timeframes, with the price consistently trading below key SMAs, reinforcing downward pressure. The rejection from the $2,640 resistance zone and the descending trendline aligns with the bearish continuation pattern within the ascending channel. A confirmed breakout below the channel’s lower boundary...

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OANDA:XAUUSD - Daily Gold’s Bullish Breakout Shines Bright! Gold (XAU/USD) has confirmed a strong breakout from a Falling Wedge and Rounding Bottom, rebounding off the 50% Fibonacci level (2,533.75). With the next target at the 161.8% extension (3,107.09), this setup offers a potential 16.49% gain in just 77 days. Ideal for position traders seeking long-term...

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OANDA:GBPUSD - 1Hr Chart Current Price:1.27664 Executive Summary: The price is currently trading within an ascending channel after finding support during the London session on Friday, Nov 22. A breakout above the 1.26953 level, now acting as strong support, suggests continued upward momentum toward the ultimate resistance at 1.29395, offering a potential...

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OANDA:XAUUSD - Multi-Timeframe Analysis Current Price: $2633.33 Executive Summary Gold prices face key volatility drivers as strong U.S. job growth and geopolitical tensions support safe-haven demand. Expectations for a 0.25% Fed rate cut, along with a dip in the Dollar Index and 10-year Treasury yields, suggest potential upside for gold. Technically, the...

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OANDA:XAUUSD Multi-Timeframe Analysis Current Price: 2650.350 Executive Summary: Gold experienced a significant drop on Monday, November 25, after reaching $2,721, driven by easing geopolitical tensions and strong resistance. The price then fell to $2,605 and has since been consolidating within a bearish flag pattern. Currently, gold is trading at $2,650,...

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OANDA:AUDUSD Multi-Timeframe Analysis After analyzing the chart, we observed that the price found strong support at 0.64698, accompanied by a bullish divergence on the daily timeframe. Following the Change of Character, the price is likely to move toward the Major Resistance at 0.65913. Key Levels: • Ultimate Support: 0.64698 • Major Resistance:...

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COINBASE:BTCUSD 4-Hour Chart Analysis Bitcoin is currently trading at $95K during the European session and is showing signs of forming an Ascending Broadening Wedge , which traditionally indicates a long-term bearish trend. However, the 4-hour and 5-hour volume data do not yet align with the expectation of a price drop. So, what’s next? While the...