DeGRAM | GBPJPY testing of resistanceGBPJPY is in an ascending channel between the trend lines.
The price has reached the resistance level and the upper trend line, which has already acted as a pullback point.
We expect the chart to pullback if there is a successful consolidation under the dynamic resistance.
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Support and Resistance
BTC - Bear Flag forming, 73k price projection** Reposting because annotations weren't posted in the previous analysis**
After hitting all time highs, BTC is forming a bear flag.
If bear flag plays out and price breaks through 91,400 level then on the basis of the measured move of the flag pole, BTC is likely to test 73,000 which is a significant support zone on Daily timeframe. This is because before BTC pierced 73,000, this was a strong resistance zone. Also, since price broke out 73,000, it hasn't retraced back to this level.
Furthermore, there is a fib retracement level of 38.2% at 71,500 so expect 73,000 - 71,500 to be strong support zone.
Remember technicals are all probabilities, price could break 99,000 level (upper trendline of the bear flag channel) to test all time highs.
Price Targets 43,200 Amid Bullish Momentum Above 42,770Technical Analysis
The price will try to touch 43200 while above 42770, so has a bullish momentum from 42770.
Bearish confirmation will be established if the price stabilizes below 42,580.
Key Levels:
Pivot Point: 42770
Resistance Levels: 43210, 43350, 43650
Support Levels: 42770, 42580, 42390
Trend Outlook:
Bullish Momentum: Stabilized above 42,910
Bearish Momentum: Stabilized below 42,770
Nifty Stages Massive Comeback. But Will The Mother Line Relent? Nifty has staged a massive comeback today on the back of FII buying today. Nifty made a high of 24226 but Mother line Resistance (50 day's EMA at 24221) pushed it back a bit and it ended the day at 24188. If the mother line relents tomorrow and if we can get a weekly closing above 24221 tomorrow Bulls have potential to take the momentum forward into January with a possibility of Budget rally.
The supports for Nifty remain at 23926, 23698 (Father Line Support of 200 day's EMA), 23494 and finally 23238. Below 23238 all hell can break loose and bears will have potential to Pull Nifty further down.
Resistances on the upper side remain at 24221 (Mother Line Resistance of 50 day's EMA) followed by 24389, 24600 and 24876 before Nifty snatches back 25K levels.
Shadow of the candle remains neutral to positive but it can turn neutral or even negative if Mother line resistance comes into play again. The best possibility for Nifty remains if it can get a gap up opening above 24221. This can happen if we get good support from International indices and Gift Nifty tonight. Tomorrow's closing will be very important as it is the first weekly closing for the year.
Disclaimer:
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
LINKUSDT Breakout Alert: Bullish Momentum Above 50 EMA!BINANCE:LINKUSDT Breakout Alert: Bullish Momentum Above 50 EMA!
After multiple tests of the support zone, BINANCE:LINKUSDT has finally bounced off and broken out of its descending trendline, signaling a potential strong uptrend. With the price now holding above the 50 EMA, bullish momentum is evident, and the market may be gearing up for a significant move higher. Traders should consider entering on a pullback while targeting key resistance levels. As always, proper risk management is crucial—set your stop-loss below the support zone and align your position size with your risk tolerance to stay on the safe side.
BINANCE:LINKUSDT Currently trading at $22.5
Buy level: Above $22
Stop loss: Below $19
Target : $40
Max Leverage 3x
Always keep Stop loss
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PEPE breaking daily? PEPE is currently breaking the daily fib level of 0.618 at .000020550. Needs to close above to maintain momentum.
Bullish signs, PEPE doing things. Elon has just changed his profile on X to a PEPE. Meme race will commence soon. DOGE, PEPE? I got both.
Zoom in waiting confirmation on our BOS (break of structure) in 1h, if PEPE does decide to cool I will have to add to my PEPE bag.
This is not any financial, DYOR, and invest only what you can afford to lose.
First short gold, then go long gold!Currently, gold has risen sharply and broken through the short-term high of 2638. There is no good position to continue chasing the rise of gold. The highest gold has reached near 2646. I do not intend to continue chasing the rise of gold near this position. On the contrary, I have continued to short gold near 2646. When gold falls back to the 2640-2630 area, I will consider going long on gold!
Bros, do you think gold will retrace? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
AUDUSD to continue in the downward move?AUDUSD - 24h expiry
Broken out of the channel formation to the downside.
Trades at the lowest level in 26-months.
Buying posted in Asia.
Bespoke resistance is located at 0.6246.
The previous swing high is located at 0.6246.
We look to Sell at 0.6246 (stop at 0.6276)
Our profit targets will be 0.6166 and 0.6146
Resistance: 0.6246 / 0.6271 / 0.6275
Support: 0.6179 / 0.6150 / 0.6130
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Gold Price Eyes 2653 Before Expected DeclineGold Technical Analysis
The price is approaching the resistance level at 2,653. A 4-hour candle closing above this level will confirm further bullish momentum, potentially pushing the price toward 2,665.
Alternatively, if the price stabilizes below 2,653, it is expected to decline to 2,636. A 1-hour candle closing below 2,636 will strengthen a bearish trend, targeting 2,623.
Key Levels:
Pivot Point: 2640
Resistance Levels: 2653, 2665, 2678
Support Levels: 2636, 2623, 2603
Trend Outlook:
Bullish Trend: Above 2,653
Bearish Trend: Below 2,636
XAUUSD NY Session Plan 02/01/25Price has been bullish throughout the day, reflecting strong momentum, driven by post-holiday liquidity and market participants returning.
New York session opens in 1 hour, hopefully introducing volatility and liquidity for continuation or reversals, enough to catch a BIG move!!
Scenario 1: Bullish Continuation from Current Levels
Price holds above the yellow mid-level and breaks the recent high.
Confirmation: A bullish MSS or CHoCH near the mid-level or current consolidation.
Target: Higher liquidity zones beyond the current high.
Scenario 2: Bearish Pullback to the Blue Support Zone
Price rejects the yellow mid-level and breaks structure downward.
Confirmation: A retest of an FVG/OB below the mid-level.
Target: Blue support zone for potential reversal or continuation.
Scenario 3: Bullish Reversal from the Blue Support Zone
Price dips into the blue support zone, sweeps liquidity, and reverses bullish.
Confirmation: A bullish CHoCH or MSS after the liquidity sweep.
Target: Retest of the yellow mid-level and beyond.
Scenario 4: Bearish Breakdown
Price breaks below the blue support zone, invalidating bullish bias.
Confirmation: A retest of the blue zone as resistance.
Target: Lower liquidity zones below the chart.
Happy New Year and Trade safe!!
Nasdaq Futures: Post-New Year Strategies and Key Levels | 2025Start the new year strong with this detailed analysis of Nasdaq futures for Thursday, January 2, 2025. With the market showing signs of recovery and key zones to watch, here’s what to expect:
📈 Long Opportunities: Zones like 21,300–21,330 and 21,500, targeting moves toward 21,700 and beyond.
📉 Short Setups: Potential entries in the 21,500–21,470 range, aiming for drops to 21,330 or lower.
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This video is packed with actionable insights to help you navigate today’s market effectively and capitalize on high-probability setups.
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Gold is in the Bearish DirectionHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Technical Analysis: Bullish Momentum and Key Levels OverviewTechnical Analysis
The price currently exhibits bullish momentum, aiming to reach 21,400. A 1-hour or 4-hour candle closing above 21,400 is expected to drive the price further upward toward 21,540.
Conversely, if a 4-hour candle closes below 21,400, the price is likely to range between 21,400 and 21,220.
Key Levels:
Pivot Point: 31350
Resistance Levels: 21400, 21535, 21620
Support Levels: 21220, 20990, 20860
Trend Outlook:
Consolidation: Between 21,200 and 21,395
Bullish Trend: Above 21,395
Bearish Trend: Below 21,200
DeGRAM | GOLD correction in the channelGOLD is in an ascending channel above the trend lines.
The price has already reached the upper boundary of the channel and the resistance level.
The chart is overbought on small timeframes and has already formed a harmonic pattern.
We expect a local correction.
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AUD/CAD: Price Testing Weekly Support – Await ConfirmationWelcome back! Let me know your thoughts in the comments!
** AUDCAD Analysis !
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
S&P 500 Technical Analysis: Key Levels and Trend OutlookS&P 500 Analysis
The price is currently trading with bullish momentum, reaching 5,969. A breakout above 5,969 is likely to push the price towards 6,022.
On the other hand, if the price remains stable below 5,969, it will fluctuate between 5,969 and 5,935. A break and a 4-hour candle closing below 5,935 will support a bearish trend, targeting 5,893 and 5,863.
Key Levels:
Pivot Point: 5935
Resistance Levels: 5969, 6022, 6053
Support Levels: 5905, 5863, 5790
Trend Outlook:
Bearish Stability: Maintained below 5,969
Bullish Trend: Confirmed by a breakout above 5,969
Ripple XRP Huge BULL FLAG formation? XRP ALERT!Not my typical trade setup but when they are as obvious as this one has to take note.❗️
With such a strong rally over the past 24hrs or so you would be forgiven for expecting XRP to take a breather and have some sort or retracement but two things I always teach is:
🟢 Every strong trend starts with a breakout and
🟢 An asset can retrace in TIME rather than in PRICE, more commonly viewed as a consolidation on the chart.
If you plan on taking on this setup remember to consider entry on a lower timeframe to manage risk and reduce the stop level if you use one.
I know alot of you younger guys refuse to use stops "YOLO" you say BUT like I say "you can't trade without CAPITAL" so always manage your risk.👌
DeGRAM | GBPUSD retest of the channel boundaryGBPUSD is in a descending channel under the trend lines.
The price has already reached the support level and the lower boundary of the channel.
The chart is oversold on the 1H Timeframe and has already formed a harmonic pattern.
We expect a rebound.
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Bitcoin will not move up before testing this demand zoneBitcoin is moving up now but that's an obvious trap to flash crash the price down on more time.
People won't expect another flash crash of arround -10% and will panic sell their BTC to the whales. From there the price will go bullish.
Why do I say this:
Big asset classes in all markets trade of supply / demand zones. That is what the big investors look at before entering the market with big money. There is a demand zone at the 90k - 87 k level that needs to be tested before the price will move up.
Same with ETH demand zones and 200MA at the 3k level needs to be tested before the price moves up.
New Update Of XAUUSD 1H XAU/USD (Gold/US Dollar) might be selling:
Economic Factors
1. *Interest Rate Hikes*: The US Federal Reserve may continue to raise interest rates to combat inflation, making gold less attractive to investors.
2. *Stronger US Dollar*: A strengthening US dollar can make gold more expensive for foreign buyers, leading to decreased demand.
3. *Improved Global Economic Outlook*: A rebound in global economic growth could reduce demand for safe-haven assets like gold.
Technical Analysis
1. *Resistance Levels*: XAU/USD may be facing resistance at key levels, such as $1,900-$2,000, causing sellers to take control.
2. *Trend Reversal*: A potential trend reversal could be underway, with gold prices breaking below key support levels.
Fundamental Analysis
1. *Reduced Central Bank Buying*: Central banks may slow down their gold buying, reducing demand and putting downward pressure on prices.
2. *Increased Supply*: An increase in gold supply from mines, recycling, or other sources could lead to a surplus, driving prices down.
Other Factors
1. *Cryptocurrency Rally*: A rally in cryptocurrencies like Bitcoin could attract investors away from gold.
2. *Geopolitical Tensions*: A decrease in geopolitical tensions could reduce demand for safe-haven assets like gold.
Please note that these are potential reasons and not a definitive prediction. The gold market is subject to various influences, and prices can fluctuate rapidly.