XAG/USD (Silver) Wedge BreakoutThe XAG/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Wedge After Confirmation.
Target Levels:
1st Support – 29.42
2nd Support – 29.04
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
Analysis
GBPAUD SELL | Idea Trading AnalysisGBPAUD is moving on support zone
We expect a decline in the channel after testing the current level
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPAUD
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
GBP/CAD - Triangle BreakoutThe GBP/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation.
Target Levels:
1st Support – 1.7787
2nd Support – 1.7722
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
Gold Long Term and Short TermGold Analysis and Trading Plan
Gold prices saw mixed movement yesterday, gaining 0.50% and trading around $2,648. Market dynamics were driven by solid US economic data, improved services sector activity, and President-elect Donald Trump’s remarks, which boosted the US Dollar and capped Gold's rise.
Key Developments:
Strong US jobs data and increased business activity in services reduced expectations for further Fed rate cuts.
China’s central bank increased Gold reserves for the second consecutive month, supporting bullish sentiment.
US Treasury yields remain elevated, bolstering the Greenback.
Upcoming Nonfarm Payrolls (NFP) will likely provide the next major catalyst for Gold's movement.
Technical Analysis:
Short-term:
Gold is forming a double top pattern around the $2,665 resistance level. A rejection here could indicate potential downside.
Long-term:
Gold is consolidating within a symmetrical triangle pattern, with a bullish breakout signaling a continuation of the uptrend.
Key Levels:
Resistance: $2,665 (double top), $2,675, $2,700
Support: $2,624 (near-term), $2,612 (lower range of the triangle), $2,580
Trading Plan:
Breakout Strategy:
If Gold breaks above $2,665, it may target $2,700 and higher levels.
On a downside breakout below $2,612, watch for a move toward $2,580.
NFP Impact:
The NFP report on Friday could drive significant volatility and provide clarity for the breakout direction. Use it to refine your entries.
Risk Management Disclaimer:
Trading involves significant risk. Use proper position sizing, place stop losses to manage risk, and ensure trades align with your overall strategy. Past performance is not indicative of future results.
Follow for more Market analysis or if you want to learn more about the markets!
BTC Range from a Premium & Discount PerspectiveBitcoin has been known to be in range, and we can use tools to analyze it's price action:
1. Trendline Tops & Bottoms as Support & Resistance
2. Trendline Channel
3. Premium & Discount Range
For Premium & Discount Range, configure the Fib into 0.25, 0.5 and 0.75. These levels act as Intermediate Support & Resistances.
Here, I do not use Fibonacci retracements, but could easily view my chart in a clear manner. We will have to see how price reacts around these channel and ranges to understand it's movements.
Hope it helps, follow if you like more chart analysis.
Thanks!
TRX/USDT - Breakout PatternThe TRX/USDT pair on the M30 timeframe presents a potential Buying opportunity due to a recent breakout. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.2762
2nd Support – 0.2804
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
BTC is looking like more down, but a great buy opportunity Head and shoulders for BTC was invalidated recently leaving a short term play that looks like some more downside than up, for the very short term in any case. It looks like the green trend line was broken of late. Typically when there's a break, the price action comes back down to buffet on it for a short while before taking off agian. Let's see what happens, it looks like a great buying opportunity though. Cycles in green semi circles also pervail to there being more down than up to go. Follow and share for more.
Bitcoin 2 hr analysis 🚨 BITCOIN 2-Hour Analysis 🚨
Here’s what we’re watching:
📈 Upside Targets:
• TP1:99000
• TP2: 100600
📉 Downside Targets:
• TP1: 96450
• TP2: 95100
So we have to watch out for $97400- $97600 level. If BTC stays below then you can target downside targets and if above then you can target above levels mentioned as TP(take profit)
Keep an eye on key levels and trade smart! 💹
What’s your take? Drop a comment below and share this with your trading crew! 🚀
RACE (Ferrari) – Quality has its PriceMIL:RACE has a technically interesting setup that also fits well with the weekly setup that I presented a few weeks ago.
The current consolidation has once again reached the lower zone and should find support from here one more time. Recently, a significant bounce was achieved from here several times. In addition, Ferrari is moving at the daily SMA 200 line and has bounced upwards from this (as well as from the horizontal support). In the 4h chart we see a nice RSI divergence as well as a breakout from a falling wedge. Both bullish signals.
Fundamentally, Ferrari is not cheap, but quality has its price. The backlog extends years into the future, the pre-order lists are full to bursting, the line-up presented is technically flawless and in demand and the cash flow is immense. In addition, the company is still family-owned (which secures the share price) and the current F1 season with Hamilton and Leclerc as the team should also be interesting.
We are initially targeting the area around EUR 438 and then the previous ATH at EUR 457. This results in an ROI of 10%. Should the daily closing price fall below EUR 400, the trade would be disqualified and closed.
Target zones
438 EUR
457 EUR
Support Zones
400 EUR
ACT/USDT Descending Channel Breakout The chart highlights a bullish Descending Channel pattern, signaling a potential upward breakout. The price is consolidating near the upper boundary of the channel, suggesting strong momentum buildup. A 4-hour candle close above the trendline would confirm the breakout, triggering a potential rally.
Key Observations
A well-defined descending channel indicates a bullish reversal setup.
The current price near $0.43 is poised for a breakout with strong momentum.
Target for the move lies at $0.60, aligning with prior resistance levels.
Strategic Implications
Wait for a confirmed 4-hour candle close above the upper trendline for long entries. A retest near the $0.40 support zone could offer a favorable risk-reward entry. Utilize proper stop-loss levels to mitigate risks and avoid false breakouts.
APT/USDT Key Support Level in Focus for Potential Bullish RThe chart showcases a potential breakout scenario for APT/USDT, as the price is attempting to establish $10 as a solid support level. A successful confirmation of this level on higher timeframes could pave the way for a bullish rally.
Key Observations
1. The price is consolidating around the critical $10 zone, attempting to flip it into support.
2. Confirmation of $10 as support on a higher timeframe is essential to validate upward momentum.
3. Aptos remains undervalued below $10, presenting a favorable accumulation zone.
Strategic Implications
Monitor closely for higher timeframe confirmation of the $10 support level. A sustained hold above this level may trigger an upward move, making it a strong candidate for a long position. Be cautious of false breakouts and ensure adequate risk management in case of unexpected price dips.
Fundamental Market Analysis for January 7, 2024 USDJPYThe USD/JPY pair is fluctuating near familiar levels, having started the new trading week almost unchanged. The pair is near recent highs as investors await decisions from the Federal Reserve (Fed) and the Bank of Japan (BoJ). Both central banks are expected to make new moves on interest rates in 2025, with the Fed targeting a rate cut and the BoJ beginning to raise rates.
Bank of Japan Governor Kazuo Ueda recently reiterated the BOJ's commitment to achieving a neutral rate. What makes the Bank of Japan unique among the other major central banks in the developed world is its longstanding efforts to stimulate inflation rather than curb it. Because the Bank of Japan's discount rates are well below the global average, the Japanese yen has had a tough turnaround in 2024 as the rate differential has widened. Since the natural rate of interest is likely much higher than current BoJ discount rates, BoJ Governor Ueda and company will have to start adjusting rates upward at some point, or they risk sending the Japanese economy into another tailspin.
Wednesday will bring the latest Fed meeting minutes down on traders, but the key document this week will be Friday's US Non-Farm Payrolls (NFP) report. As half of the Fed's mandate includes full employment, markets will be watching this week's US employment data with heightened interest.
Trade recommendation: Watching the level of 156.00, trading mainly with Sell orders
BNB/USD - H1 - Triangle BreakoutThe BNB/USDT pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. BINANCE:BNBUSDT
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle.
Target Levels:
1st Resistance – 730
2nd Resistance – 744
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
The Macroeconomic Impact of the Latest Inflation Report on USDIntroduction:
Inflation data has always been a crucial driver of currency movements, and the upcoming inflation report is no exception. With USD/JPY currently at a pivotal point, traders are closely watching how the figures will influence the Federal Reserve's monetary policy trajectory and market sentiment.
Current Market Dynamics:
The USD/JPY pair has been consolidating within a tight range between and , reflecting traders' caution ahead of the release. Expectations of could push the pair out of its current range.
Scenarios and Key Levels:
Higher-than-expected inflation:
1.Potential breakout above .
Target level: .
2.Lower-than-expected inflation:
Retest of and potential slide toward .
3.Neutral inflation figures:
Likely continuation of range-bound trading between and .
Conclusion and Community Call-to-Action:
What are your thoughts on the upcoming inflation report? Will it trigger a significant move in USD/JPY, or will the pair remain range-bound? Share your analyses and charts in the comments below! 👇
Buy XAG/USD (Silver) Trendline SupportThe XAG/USD pair on the M15 timeframe presents a potential Buying opportunity due to a recent Support from Trendline. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the Support level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 30.10
2nd Support – 30.35
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
Welcome The New Yearly Candle!We have another yearly candle print, the 2024 candle. It is an especially interesting one due to the US elections and the how the candle printed.
In this video I go through analyzing the charts starting with the yearly candle, all the way down to the daily and hourly. I begin on the Dollar Index (DXY) and then have a look at the EURUSD chart, with some intermarket analysis on USDCAD and NZDUSD. So as to make the video not too long, I just demonstrate how I would do my analysis on these pairs. With that framework, you can perform the same analysis on the assets of your choice.
Good luck this year and may it be a prosperous trading year for you all!
- R2F Trading
Fundamental Market Analysis for Januaryr 6, 2024 GBPUSDGBP/USD is unable to capitalize on the modest gains of Friday's recovery and is fluctuating in a range above the 1.2400 mark at the start of the new week. Spot prices, meanwhile, remain near the lowest level since April 2024 reached last week and appear vulnerable to an extension of the three-month downtrend amid a bullish US Dollar (USD).
In fact, the US Dollar Index (DXY), which tracks the USD against a basket of currencies, is holding near a two-year high amid optimism over US President-elect Donald Trump's expansionary policies and the Federal Reserve's (Fed) hawkish outlook. Furthermore, concerns over Trump's sweeping tariffs, as well as geopolitical risks related to the war between Russia and Ukraine and rising tensions in the Middle East, are supporting the safe-haven Dollar and acting as a headwind for GBP/USD.
Meanwhile, sentiment around the British Pound (GBP) remains weak amid a series of weak UK data recently and doubts over the newly elected Labor government's fiscal strategy. In addition, the relatively soft stance of the Bank of England (BoE) and the decision to leave interest rates unchanged in December by a split vote may continue to weigh on GBP. This confirms a negative outlook on GBP/USD as traders await the final UK Services PMI to gain fresh momentum.
Trading Recommendation: Watch the level of 1.2400, if consolidated below consider Sell positions, if rebounded consider Buy positions.
MORPHO/USDT Ascending Trendline Support and Long Retest Setup This 4-hour chart for MORPHO/USDT highlights a potential long setup at a critical zone. The price action shows a consistent upward trajectory, supported by an ascending trendline. The recent pullback respects a key horizontal support zone around $3.25-$3.05, aligned with previous resistance turned support.
The setup suggests entering a long position at the current retest level. The risk is managed with a stop loss below the trendline and the support zone at $2.95, ensuring protection against invalidation. The target is bigger, offering an attractive risk-reward ratio.
While the structure remains bullish, caution is advised due to market volatility and potential downside pressure if the support zone breaks. Monitoring price action near the trendline is essential.
Also always make sure to book profit on every 10% of the movement and move SL to Entry for a safe ride and keep reaping more profits without any lose