The NASDAQ is currently moving without direction. Despite the recent price losses, a fundamental stabilization is not to be expected. Anyone wishing to go long should wait for favorable entry points. This idea is based on a further temporary setback to the entry area shown. The NASDAQ could stabilize there and head for the interim highs reached on 26.12.2024 again.
Gold continues to move in a range between 2,600 and 2,700 dollars. The price is currently back at the lower end of this sliding zone. We therefore assume that the gold price will develop positively in the short term up to around USD 2,640.
After the USDCAD had recently risen significantly, the exchange rate is now correcting. This healthy movement offers us the opportunity to enter a new long position in the bullish order block. The momentum in USDCAD is clearly pointing upwards in the medium to long term and retailer sentiment is decidedly bearish, which suggests a further bullish impulse. A...
The QQQ is currently undergoing a corrective move after reaching a recent high of around 540 USD. The price has retraced sharply from this level, indicating a potential shift in market sentiment as sellers begin to dominate. Key Levels Support Zones: Immediate support can be seen around 519 USD, with more significant zones near 500 and 480 USD, which aligns...
USDJPY - Potential Reversal and Key Levels to Watch USDJPY pair is currently trading around 154.60, showing signs of a possible correction after a strong bullish move and today's FOMC decision. The price touched a key resistance zone beginning at around 154.50, which aligns with historical supply levels. Elliott Wave Structure The current wave count suggests...
The EUR/USD pair is currently hovering near the lower end of a consolidation range observed over the past few days. The price is showing indecision as it fluctuates between key levels of support and resistance, with sellers appearing to exert more pressure as indicated by the negative Cumulative Volume Delta. Key Levels: Resistance: The pair has a key...
The NASDAQ has staged an impressive rally in recent weeks. We had pointed out bearish divergences in the volume, which the market ignored with a brilliant upward movement - this was not unexpected, as we remember from the aforementioned analysis. Nevertheless, these bearish divergences are still present and are now also clearly visible in the long-term cumulative...
Although GBPUSD has just recovered significantly from today's lows, the bearish bias of the currency pair is still present. We expect that the price is merely in a temporary bullish correction phase and will form new lows very soon. The OBV shows hidden bullish divergences in several time frames, which support our bearish view on GBPUSD.
In USDCHF, the NWOG of November 21, 2024 is still open - an unusually long time for an FX gap. We have recently seen a long wrap on the daily chart and are making a new attempt to profit from the expected gap close with a long trade.
EURUSD cannot free itself from its weakness. Short-term recovery attempts are repeatedly sold off. However, the price has just reached another important support level, meaning that a temporary bullish countermovement can be expected, in which we would like to participate with this long trade.
After unexpectedly high inflation figures from Japan, GBPJPY offers a chance for your big short: On the daily chart, we see a clear rejection at the 50% Fibo retracement of the last downward move. From this we derive price targets at least in the area of the lows from September 2024 - a move of 1000 points! I do not know whether this short will work. What is...
After NVIDIA reached the magic mark of 150 dollars, a strong pullback set in. The end of the success story? Probably not! As has been the case for several years, it looks more like the bulls are taking a deep breath to storm back up to 150 dollars and establish this mark as a floor. After the sell-off, NVIDIA has now stabilized at an attractive entry level, so the...
Like EURUSD, GBPUSD also has the chance of a temporary recovery. A support zone has formed at the current price level and the accumulation distribution also shows hidden bullish divergences.
In this chart we do not specify an SL and a TP. Instead, we point out the dangerous situation from the bulls' point of view. We see a very pronounced hidden bearish divergence in the OBV. We saw a similar signal before the recent sell-off. The divergence is now even more pronounced. Therefore, sudden, drastic sell-offs in the gold price can be expected at any time.
QQQ is sending clear warning signs in the form of strongly pronounced bearish divergences in the RSI, price-volume trend and other indicators. Of course, this does not necessarily mean that the market will now fall significantly. But if you look at other assets, you will see that the more pronounced the divergences, the greater the price movements. What should we...
This does not look good for the bulls in GBPJPY: H12 shows a pronounced hidden bearish divergence in the OBV. Despite considerable price losses, the currency pair is unable to reduce this divergence. This suggests that prices will continue to fall. We have drawn two potential take profits in the chart, which could represent entry points for GBPJPY in the coming...
The EURJPY shows an interesting signal: In the H8 timeframe, both the OBV and the Force Index show clear bullish divergences. These signals have a high success rate. A suitable target is the lower edge of the value area of the last downward movement, which also represents a defensive but lucrative target for the trade.
A long setup for USDJPY. Excellent RRR of 5:1, SL is placed below a strong support zone. There is also a positive swap, as the trade is likely to run for at least two weeks.