Alikze »» BEL | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D
- BINANCE:BELUSDT It is moving in an ascending channel in the daily time frame.
- After hitting the ceiling of the channel, a correction has been encountered, which is met with demand in the OB area and an upward wave has formed.
- Currently, it can face the demand again and touch the specified targets by returning to the bottom of the channel and the green box area.
💹 Support zone: 0.48 - 0.39
🏹 Goals: 0.78 - 0.87 - 1.07 - 068
⚠️ In addition, if the 0.39 area breaks and is below the stabilization range, it can continue the correction process.⚠️
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Signals
Lingrid | GOLD Breakout - PULLBACK - Continuation The price perfectly fulfilled my last idea. It hit the target level. OANDA:XAUUSD is currently showing signs of slowing down after breaking and closing below the strong support level of 2600. This suggests that a pullback may occur following the breakout. The price is clearly respecting the downward trendline, further affirming the bearish momentum. Additionally, XAUUSD has broken below the previous support level, which has now turned into a resistance zone. If the price retests this level, it could present a viable shorting opportunity. With upcoming high-impact news likely to introduce volatility into the market, I anticipate a pullback followed by a continuation of the downward trend. My goal is support zone around 2500
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Lingrid | GBPNZD in CONSOLIDATION zoneFX:GBPNZD is currently ranging after a downward move, establishing a zone with defined resistance and support levels. The market is creating higher lows and lower highs, indicating it is moving sideways. Currently, the price is trending upward toward the channel following a false breakout of the support level. I anticipate a potential fake breakout of the previous resistance and the channel boundary. If the price rejects this zone by forming a rejection candle, such as a long-tailed bar, we can consider shorting the market. My goal is the support zone around 2.15170
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Lingrid | TONUSDT Choppiness After the SURGEThe price perfectly fulfilled my last idea. It hit the tapped the target zone. OKX:TONUSDT is currently moving sideways after breaking through the downward trendline. The price is fluctuating back and forth, indicating choppiness in the market. Additionally, the price action suggests that the price is being squeezed, which will likely lead to a breakout. Unlike other layer-1 blockchains, TON hasn't shown significant bullish movement, suggesting that there is still anticipation surrounding the resolution of issues with Durov. Nonetheless, I expect the price to remain above the psychological level of 5.00. If it pulls back to take liquidity below the support and subsequently rejects that level, we can anticipate a bullish move toward the ATH. My goal is resistance zone around 5.730
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Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
GOLD recovered slightly with main bearish outlookWhen the US Dollar index TVC:DXY rose to its highest level this year, which has reduced the investment appeal of OANDA:XAUUSD fell again and gold prices plummeted to a 2-month low. Federal Reserve Chairman Jerome Powell recently suggested that there may not be any interest rate cuts in December.
According to data released by the US Bureau of Labor Statistics on Thursday, the US producer price index (PPI) in October increased 2.4% year-on-year, higher than the increase of 2.0%. 3% expected and higher than the 1.9% increase in September.
Core PPI, which typically influences the core personal consumption expenditures price index (PCE), rose 3.1% year-on-year, up from 2.9% previously and above expectations of 3%.
Additionally, Thursday's data also showed the number of Americans filing initial unemployment claims fell to its lowest level since May last week, suggesting labor demand remains solid after the storms. and recent strikes.
The U.S. Department of Labor reported that the number of Americans filing initial unemployment claims fell by 4,000 to 217,000 in the week ended November 9, compared with a median forecast of 220,000.
Gold prices have fallen for five consecutive days and this week's drop could exceed 4%, which is expected to be the biggest weekly drop since June 2021.
Powell's hawkish comments signal a "major shift" in the Fed's outlook for rate cuts
Federal Reserve Chairman Jerome Powell said on Thursday that the central bank does not need to "rush" to lower interest rates due to the strength of the US economy and that the central bank will "watch carefully" to ensure that certain measures of inflation remain at acceptable levels.
“The economy is not sending any signals that we need to rush to cut interest rates,” Powell said in a speech to business leaders in Dallas. The strength of the economy we are seeing now allows us to make prudent decisions.”
In an upbeat assessment of the current situation, Powell said domestic economic growth in the US is “so far better than in other major economies around the world”.
Powell reiterated that the Fed's path to adjusting interest rates will depend on upcoming data and developments in the economic outlook.
On Asian markets on Friday (November 15), spot gold maintained a recovery trend during the day and gold prices are currently at around 2,570 USD/ounce. Today, the US Census Bureau will release retail sales data for October, which is expected to cause significant volatility in the gold market over the weekend.
Surveys show U.S. retail sales are expected to rise 0.3% monthly in October, after rising 0.4% in September.
US retail sales data is known as "big data" because it typically has a larger impact on financial markets, potentially influencing the trend of assets such as the US dollar and gold.
If US retail sales data is stronger than expected, the US Dollar could strengthen, thus continuing to pressure gold. On the other hand, the weaker-than-expected retail sales report will stimulate gold prices to recover further after the recent long series of declines.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold recovered without reaching the horizontal support level of 2,528 USD. Note to readers in yesterday's edition.
Although gold has recovered to return to above 2,548 USD, in general its short-term trend is still inclined to the downside with the price channel as the short-term trend.
In addition, the technical recovery prospect is also encountering some resistance from the lower edge of the price channel, the resistance level of 2,588 USD and the 0.786% Fibonacci retracement level.
On the other hand, the Relative Strength Index has not yet reached support from the selling area, so there may still be room for a decline in momentum ahead.
The main trend of gold in the short and medium term is still downtrend, the recoveries are only considered short-term adjustments and the notable points will be listed as follows.
Support: 2,550 – 2,548USD
Resistance: 2,581 – 2,588 – 2,600USD
SELL XAUUSD PRICE 2621 - 2619⚡️
↠↠ Stoploss 2625
→Take Profit 1 2614
↨
→Take Profit 2 2609
BUY XAUUSD PRICE 2519 - 2521⚡️
↠↠ Stoploss 2515
→Take Profit 1 2526
↨
→Take Profit 2 2531
Alikze »» PEPE | The next rally - 1D🔍 Technical analysis: The next rally, Wave 3 or C bullish scenario - 1D
- It is moving in an ascending channel in the daily time frame.
- After hitting the ceiling of the channel, the price faced a zigzag correction, which faced buying pressure in the demand range.
- In the daily time frame, a movement cycle has been completed up to the ceiling of the channel, after which the correction has been completed with a zigzag correction in the range of the green box.
- After that, it had a rally in the form of the first wave, after which a zigzag correction in the bottom range of the channel met with demand.
💎 Currently, it is located in the middle of the channel due to the failure of the previous roof.
💎 Therefore, this bullish wave can continue the bullish trend to the specified areas with a pullback to the broken structure.
⚠️ In addition, if the price enters the Invalidation LVL range, the bullish scenario will be invalidated.⚠️
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BINANCE:PEPEUSDT
GBP-USD Long From Support! Buy!
Hello,Traders!
GBP-USD is already making
A bullish rebound from the
Horizontal support level
Of 1.2616 so we are
Locally bullish biased
And we will be expecting
A local bullish rebound
Buy!
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Check out other forecasts below too!
MOGUSD Aggressive bullish break-out taking place.MOG Coin (MOGUSD) has been trading within a Falling Wedge pattern and for the 2nd time in a week broke yesterday above its top (Lower Highs trend-line). This rebound is taking place after the 1D MA50 (blue trend-line) held.
The whole sequence is identical to the Falling Wedge where the price accumulated before the February 2024 rally. As you can see even their 1D RSI fractals are identical. The rally that followed the bullish break-out extended to the 3.0 Fibonacci extension and rose by +11.180%.
If the current sequence continues to replicate that pattern, we expect to see 0.000035 by January 2025 the latest.
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US500 Is Going Down! Sell!
Here is our detailed technical review for US500.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 5,996.5.
Considering the today's price action, probabilities will be high to see a movement to 5,900.6.
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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USOIL Will Grow! Buy!
Take a look at our analysis for USOIL.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 68.870.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 70.475 level.
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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USDJPY Will Go Lower From Resistance! Short!
Please, check our technical outlook for USDJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 156.038.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 153.678 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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NZDCAD Will Go Up From Support! Long!
Here is our detailed technical review for NZDCAD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.820.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.825 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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EURUSD: Strong Bullish Bias! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.05462
Wish you good luck in trading to you all!
SILVER: Market Is Looking Down! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 29.49206$
Wish you good luck in trading to you all!
META can turn bearish if it fails to break this Channel.Our previous call on Meta Platforms (META) was on July 26 (see chart below), almost 4 months ago when we gave a strong long-term buy signal on the 1D MA200 (orange trend-line):
Despite the excellent timing of the call, we has seen in the past 30 days that the price action has diverged from the model and the current Bullish Leg of the Channel Up isn't as strong as the previous two inside a 2 year span that each rose by +95%.
The price has instead turned sideways, mimicking the price action of the two Accumulation Phases that emerged after each of the Bullish Legs topped. The 1D RSI being on a Bearish Divergence (Channel Down already) technically agrees with that, so if you followed our July buy call, it might be best to book the handsome profit now and wait.
What to wait for? Well it all depends on a new pattern that has emerged, a Diverging Channel Up (dashed trend-lines). As long as the price is trading inside it, there is greater probability to give us a lower buy entry near the 1D MA200 (orange trend-line) again. In that case we will take it and target the top of the Diverging Channel Up at $660.
In the event that the price breaks above the Diverging Channel Up, we will buy the bullish break-out and pursuit the previous $800 Target as that would mean that the original 2-year Channel Up remains the underlying pattern dictating the long-term movement of the stock.
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DXY: Move Down Expected! Sell!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 106.703
Wish you good luck in trading to you all!
GOLD: Local Correction Ahead! Buy!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 2,565.154$
Wish you good luck in trading to you all!
GOLD Will Go Down! Short!
Please, check our technical outlook for GOLD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 2,609.486.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,575.180 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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