GBPUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE This chart shows a technical analysis of GBP/USD on the 1-hour timeframe.
1. Resistance Rejection – Price reached 1.30056 and faced rejection, indicating a possible reversal.
2. Bearish Scenario – The chart suggests a potential drop toward 1.29514 as the first support.
3. Breakdown Possibility – If 1.29514 fails, price could continue falling toward 1.29136, the next key support.
4. Price Action Structure – The drawn arrows indicate a possible retest of 1.29514 before a further decline.
Overall, this chart signals a potential bearish move if price fails to hold above key levels.
Signals
EUR_CHF BEARISH BREAKOUT|SHORT|
✅EUR_CHF broke out
Of the bearish wedge pattern
So we are locally bearish
Biased and we will be
Expecting a further
Bearish move down
SHORT🔥
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USD-CHF Free Signal! Buy!
Hello,Traders!
USD-CHF keeps falling down
But the pair will soon hit
A horizontal support
Of 0.8754 from where
We can enter a long trade
With the TP of 0.8795
And the SL of 0.8730
Buy!
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Why GBPJPY is Bullish?? Detailed technical and fundamentalsThe GBP/JPY pair has recently confirmed a bullish reversal by breaking out of a falling wedge pattern, aligning with our earlier analysis. Currently trading at 194.000, the pair is on track toward our target of 199.000.
Technically, the breakout from the falling wedge—a pattern typically indicative of bullish reversals—suggests increased buying momentum. This is further supported by the pair's ability to maintain levels above key resistance points, now acting as support. The next significant resistance is anticipated around the 195.000 level, a psychological barrier that, if surpassed, could pave the way toward our 199.000 target.
Fundamentally, the British pound has been bolstered by positive economic indicators, including robust GDP growth and a resilient labor market, enhancing investor confidence. Conversely, the Japanese yen has experienced depreciation due to the Bank of Japan's commitment to ultra-loose monetary policies, aiming to stimulate inflation and economic growth. This monetary policy divergence has contributed to the upward trajectory of GBP/JPY.
In conclusion, the confluence of technical and fundamental factors supports a bullish outlook for GBP/JPY. Traders should monitor upcoming economic releases and central bank communications, as these could impact market sentiment and price action. Maintaining a disciplined approach with appropriate risk management strategies is essential as the pair approaches the 199.000 target.
GOLD MARKET ANALYSIS AND COMMENTARY - [March 17 - March 21]Last week, the international OANDA:XAUUSD increased sharply, from 2,880 USD/oz to 3,005 USD/oz. Then, profit-taking pressure caused the gold price to drop to 2,978 USD/oz and closed the week at 2,986 USD/oz.
The reason for the sharp increase in gold prices in recent days is that US inflation figures (CPI, PPI) have decreased more sharply than expected, raising expectations that the FED will cut interest rates twice more this year.
In addition, concerns about US public debt have increased as the US Congress is unlikely to pass the Budget Bill, putting the US government at risk of a shutdown.
The FED meeting next week will play an important role in shaping expectations about the FED's interest rate policy. This could be the main driver for gold prices next week, given the inverse correlation between gold and the USD.
However, in recent comments, the FED Chairman has remained cautious about inflationary pressures due to concerns that the Trump administration's tariff policies will fuel inflation in the medium and long term. Therefore, it is possible that the FED Chairman will continue to maintain interest rates at current levels in the next meetings. If so, this will be a shock to gold prices next week, causing gold prices to fall next week.
🕹SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK:
This week is shaping up to be a volatile one for gold, with markets digesting a number of key economic releases.
Central banks continue to dominate the calendar, with the Bank of Japan announcing its interest rate decision on Tuesday, followed by the Federal Reserve on Wednesday and the Swiss National Bank and Bank of England on Thursday.
There are also a number of key US economic data releases, including Retail Sales and the Empire State Manufacturing Index on Monday, Housing Starts and Building Permits on Tuesday. On Thursday, markets will be watching the weekly Unemployment Report, Existing Home Sales and the Philadelphia Fed Manufacturing Survey.
📌Technically, in the short-term perspective on the H1 chart, gold prices next week may maintain their upward momentum to find the 161.8 fibo level around 3035. Or they may temporarily reduce and adjust around the Trendline at 2915.
Notable technical levels are listed below.
Support: 2,977 – 2,956 USD
Resistance: 3,000 – 3,021 USD
SELL XAUUSD PRICE 3036 - 3034⚡️
↠↠ Stoploss 3040
BUY XAUUSD PRICE 2914 - 2916⚡️
↠↠ Stoploss 2910
Resistance at 1.3T: Is a Deeper Crypto Correction Coming?The long-awaited Trump inauguration, which was expected to trigger an altcoin season, had the exact opposite effect. This once again proves that when the majority of market participants expect one outcome, the market often does the opposite.
After several days of testing support, the "tax policy" announcement triggered a breakdown below the 1.3T level, causing Total 3 to drop around 30% to 1T.
The market is now experiencing a normal rebound, but I am not very optimistic in the medium term.
Technically, 1.3T has now turned into strong resistance. In my opinion, after this rebound, a new leg down is likely.
I expect a drop below 1T, potentially reaching around 900B in the near future.
GOLD surges as geopolitical risks unexpectedly boost gainsOANDA:XAUUSD continued to rise in the short term, with gold prices just hitting a new all-time high of $3,014/oz.
As investors focused on US economic data, which raised concerns about an economic slowdown, and escalating tensions in the Middle East, the precious metal's appeal as a safe haven was highlighted.
Israel Strikes Hamas Targets Across Gaza, Killing Over 200
Israel said it carried out military airstrikes on Hamas targets in the Gaza Strip, a move that risks derailing a fragile ceasefire. Palestinians reported multiple airstrikes by Israel on various areas of the Gaza Strip. Traders were also looking at U.S. retail sales data, which showed a smaller-than-expected increase in February. Falling yields on 10-year U.S. Treasury notes also helped boost non-interest-bearing gold.
Israel has launched a series of airstrikes on the Gaza Strip as a nearly two-month-old ceasefire appeared to be rapidly unraveling, with Prime Minister Benjamin Netanyahu saying his government would “increase its military force” against Hamas.
Palestinians reported Israeli airstrikes in several areas of Gaza on Tuesday morning, and an Israeli statement confirmed the attacks took place across Gaza.
Hamas’ media office said on Tuesday that Israeli airstrikes on the Gaza Strip had killed more than 200 people.
The attack shattered a fragile ceasefire that had been suspended for 15 months in the war ravaging the Gaza Strip. It was the heaviest bombing since a ceasefire brokered by Egypt, Qatar and other countries took effect in January.
Technical Outlook Analysis OANDA:XAUUSD
After reaching and breaking the original price level which is also the bullish price target of 3,000 USD, gold is continuing to aim for the target level behind that, pay attention to readers last week at 3,021 USD in the short term, which is the location of the 0.50% Fibonacci extension level.
Meanwhile, the Relative Strength Index (RSI) is sloping up with a significant slope and has not completely moved above the overbought area, showing that momentum and room for growth is still ahead.
Next, the main trend and outlook remains bullish with price channels and mid- to short-term trend. The main support is seen by the EMA21.
As long as gold remains above the EMA21, it remains technically bullish, the current dips should only be considered as a short-term correction or a buying opportunity.
The following areas of interest will also be noted.
Support: $3,000 – $2,977
Resistance: $3,021 – $3,065
SELL XAUUSD PRICE 3036 - 3034⚡️
↠↠ Stoploss 3040
→Take Profit 1 3028
↨
→Take Profit 2 3022
BUY XAUUSD PRICE 2949 - 2951⚡️
↠↠ Stoploss 2945
→Take Profit 1 2957
↨
→Take Profit 2 2963
CAD-JPY Free Signal! Sell!
Hello,Traders!
CAD-JPY keeps going up
But as you can see there is
A strong horizontal resistance
Around 105.035 so after the
Retest a short trade can be
Entered with the TP of 104.188
And SL of 105.520
Sell!
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AUD_NZD LONG SIGNAL|
✅AUD_NZD is going down to retest
A strong horizontal support of 1.0947
And the pair is clearly oversold
So after the price hits the support
We can go long on the pair expecting
A bullish correction with the
Take Profit of 1.0965 and
Stop Loss of 1.0939
LONG🚀
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US30 Is Bullish! Buy!
Take a look at our analysis for US30.
Time Frame: 10h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 41,762.6.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 43,373.5 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GOLD Is Very Bearish! Sell!
Please, check our technical outlook for GOLD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 3,023.60.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,981.07 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NZDUSD Is Going Down! Short!
Here is our detailed technical review for NZDUSD.
Time Frame: 10h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.581.
The above observations make me that the market will inevitably achieve 0.573 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPUSD Will Fall! Sell!
Take a look at our analysis for GBPUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.299.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.271 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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WTI OIL turned the 4H MA50 into Support and aiming higher.WTI Oil (USOIL) has broken above the bearish trend of the former Lower Highs and a Channel Up emerged. The 4H MA50 (blue trend-line) broke for the first time in almost a month and has now been turned into Support.
As long as this holds, we expect Oil to target the 4H MA200 (orange trend-line) at $70.
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S&P500 Channel Down broken. Will the 4H MA50 sustain an uptrend?The S&P500 index (SPX) broke above both its 1-month Channel Down and 4H MA50 (blue trend-line) yesterday and more importantly is so far keeping the price action sideways above it.
This is an indication that it may flip it from previously a Resistance, into Support. The signal for this bullish trend reversal came first (and a very timely one) by the 4H RSI, which formed Higher Lows against the price's Lower Lows on March 13, a clear Bullish Divergence. That turned out to be the bottom.
Now that bullish break-out has been confirmed, we expect a quick test of the 4H MA200 (orange trend-line) on the 0.618 Fibonacci retracement level. Our short-term Target is 5900.
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BITCOIN The 0.5 Fib Golden Rule! This is not a Bear Market yet!Bitcoin (BTCUSD) shook the bullish market sentiment last month, as late February saw it drop aggressively not just from the 109k All Time High (ATH) but also below the key psychological Support of $90000. We have discussed already how the 1W MA50 (blue trend-line) coming to its rescue, is the critical Support and rightfully so, but there is also another critical condition that is currently showing incredible strength, keeping BTC into Bull Cycle territory (for now).
That is the 0.5 Fibonacci retracement level Golden Rule. This suggests that BTC's corrections/ pull-backs up to the 0.5 Fib level are technical and perfectly systemic, especially with the 1W MA50 supporting. If anything, such pull-backs during a Bull Cycle are the most optimal buy opportunities. We are currently on an exact such opportunity as the price hit last week both the 1W MA50 and the 0.5 Fib.
In the past 10 years since the August 2015 Bear Cycle bottom, every correction up to the 0.5 Fib was a buy. In the 4 cases it broke, 2 were the signals of the 2018 and 2022 Bear Cycles and the other 2 signals of the market correcting the bullish overreaction to the Libra (2019) and Musk (2021) rallies. The latter though was still contained above the 1W MA50 and so would the 2019 one if it wasn't for the March 2020 COVID crash.
As a result, we still see no cause for concern (yet) and so far this is the best buy opportunity for Bitcoin since last year and the August 05 2024 Low.
But what do you think? Is this 0.5 Fib Golden Rule coming to push Bitcoin higher to its next ATH? Feel free to let us know in the comments section below!
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Lingrid | AUDCHF short OPPORTUNITY at Top of the MARKET RangeThe price perfectly fulfilled my last idea . It hit the target zone. As we can see, FX:AUDCHF is oscillating between the 0.56550 and 0.55000 levels, having recently reached the top of this range. After bouncing off the support level, the price began to form an ABC move, which typically precedes a pullback. Additionally, the price has reached the upper border of the channel and trendline, where it has previously dropped twice. Given that the price is currently consolidating, I think it may bounce off the resistance again, leading to a move lower as we anticipate a continuation of the sideways trend. My goal is support zone around 0.55835
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Historic Milestone for Gold: My Outlook and Key Support LevelsLast Friday, for the first time in history, Gold printed a "3" handle, and since the beginning of the year, it has already climbed an impressive 4,000 pips.
However, what matters most now is what Gold will do next.
As we can see on the chart, after reaching a new all-time high (ATH) at 3005, Gold has started to pull back slightly and has recently formed a support level around 2980.
As I also mentioned in my Friday analysis, although I expect a correction, I don’t see Gold dropping all the way back to test the previous ATH zone at 2950 , which should now act as a strong support. Instead, even if Gold breaks below the newly formed 2980 support, I will be watching for reversal signs between 2965 and 2970, and from there, I expect a new bullish wave and a fresh all-time high.
In conclusion, my strategy remains unchanged: buy the dips.
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Lingrid | ETHUSDT October 2023 LEVELS ReachedBINANCE:ETHUSDT price continues to push lower, reaching the support level that was last tested in October 2023. Historically, we can observe similar price action from 2021, when the price fell from the 4300 level and subsequently bounced off the 1700 support zone, leading to all-time highs. On the current chart, we see that the price has broken above the downward trendline that has acted as a resistance zone for the month. I think the price will continue to move sideways for the next couple of weeks, potentially pushing higher if we see buying pressure from the support level. My goal is resistance zone around 2190
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EUR/USD Direction 1.10 - Technical and Fundamental Analysis📊 Market Context
As of March 18, 2025, EUR/USD is in a strong bullish expansion phase, with the price testing significant resistance levels. The US dollar remains solid, but market attention is focused on the Federal Reserve and the ECB, with expectations of more accommodative monetary policies in the coming months.
🔍 Technical Analysis
The chart analysis reveals a bullish trend with the following key points:
Main Resistance: 1.0912 - 1.10 area (potential reversal zone highlighted in red on the chart).
Key Supports: 1.0822 (former resistance now acting as support), 1.0360, and 1.0283 (deeper support levels highlighted in yellow).
Market Structure: The price has tested the monthly resistance around 1.0912 and entered a potential reversal zone where significant price reactions are expected.
Bullish Momentum: The trend shows strong bullish candles, indicating a possible continuation toward 1.10.
📌 Possible Scenario: If EUR/USD decisively breaks 1.0912 and closes above 1.10, there could be room for a further rally toward 1.12.
📌 Alternative Scenario: A rejection at resistance and a close below 1.0822 could trigger a bearish correction toward 1.0360.
🌍 Fundamental Analysis
US Data: Consumer confidence in the United States has dropped to its lowest level since November 2022, increasing the likelihood of a Fed rate cut by June.
Monetary Policy: The ECB is maintaining a more neutral stance, while the Fed may be forced to cut rates faster to support the economy.
Capital Flow: The market is anticipating US dollar weakness due to the outlook for rate cuts, supporting a possible euro appreciation.
🎯 Conclusion
Main Bias: Bullish above 1.0822, targeting 1.10 and beyond.
Trend Invalidation: Below 1.0360, the bullish trend would weaken.
EUR/USD could consolidate in this area before breaking above 1.10. The future direction will depend on upcoming central bank statements and macroeconomic data.
Alts- Will they drop further? (+name your alt)In my early February analysis on altcoins , I noted that while a bounce was likely after the sharp drop triggered by Trump’s initial tax remarks, the $1.3T level would act as strong resistance.
I expected another decline once this resistance was confirmed— which is exactly what happened, as the market reached that level and began to drop again.
After multiple tests of the rising trendline that began in October 2023, last week saw a breakdown, with price finding support just above $900B (an important level as we can see from the posted chart).
But was that the full extent of the drop?
In my view, we are far from being in the clear, and further declines seem likely. Technically, the rising trendline has been broken, and the recent rebound appears to be corrective rather than the start of a sustained recovery.
As long as the price remains below the $1.15T–$1.2T zone, I see a high probability of the market
breaking under 900B zone support and reaching $700B in the coming months.
USD/JPY Eyes 151 Resistance After Bullish BreakoutLast week, USD/JPY reached my target at the 146 zone. After testing this support level, the pair began to reverse upward and broke above the falling wedge pattern, signaling a potential trend change.
On Friday, the pair formed a higher low, followed by another one today.
As of now, USD/JPY is trading at 147.75, just below a key horizontal resistance level. A breakout above this level could lead to further upside, with the next target around the 151 resistance zone.
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