CADCHF_LONG OPPORTUNITYCADCHF can give a Long Opportunity by looking into the factors mentioned in the chart on Fundamental & Technical basis.
Analysis
Sell AUD/CAD Triangle BreakoutThe AUD/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. Ideally, This Would Be Around 0.9104
Target Levels:
1st Support – 0.9060
2nd Support – 0.9032
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GBPNZD_SHORT OPPORTUNITYGBPNZD will show a Bearish Trend based upon the factors mentioned in the chart on Technical and Fundamental basis.
#IOTX 1D: 100% Circulating Supply – Stable Growth. 11/28/24Launched in 2017 as an open-source project, IoTeX has evolved into a decentralized platform empowering the open economy for machines. It is an ecosystem where people and machines interact with trust, autonomy, and carefully designed economic incentives.
Nearly 100% of all tokens are already in circulation, a crucial factor as it eliminates future unlocks that could lead to large-scale sell-offs. This reduces market volatility caused by major sales.
The current price level appears to be a "bottom," making further declines unlikely.
With a market cap exceeding $400 million, IoTeX has growth potential. If its market cap increases significantly, the token price could follow, indicating the project has yet to reach its full potential.
IOTXUSDT shows promising potential for further growth, supported by the limited availability of tokens for large investors.
TradeCityPro | AUDUSD Analysis Preparing for Movement👋 Welcome to the TradeCityPro channel!
Let’s examine the key triggers for AUDUSD, which appears poised for an interesting move.
🌍 Fundamental Overview:
Supported by stable commodity prices, especially iron ore, a key driver of Australia's economy.
Recent Reserve Bank of Australia (RBA) comments suggest a balanced stance with no immediate rate hikes.
Bolstered by strong economic data and expectations of prolonged higher interest rates by the Federal Reserve.
Mixed global risk sentiment keeps the USD favored as a safe-haven currency.
⏱ 4-Hour Timeframe
AUDUSD has been in a long-term downtrend, losing multiple supports and forming successive lower highs and lows. However, the price has recently stabilized, ranging between 0.64501 and 0.65412.
📉 Short Position Trigger:
After breaking the 0.64501 support, initiate a short trade targeting 0.62910.
📈 Long Position Trigger:
In case of a false breakdown of the support or prolonged consolidation within the range, open a riskier long trade above 0.65412 , Safer long entries can be considered once higher highs and lows are confirmed.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
NZDJPY_LONG OPPORTUNITYNZDJPY is showing Bullish Bias based upon the factors mentioned in the chart Fundamentally & Technically.
#WIF 1D. Ready to Jump? 11/25/24Among meme coins, #WIF is currently the most appealing. It's worth considering building a spot position and opening a swing trade in the $3.2 - $2.8 range (support level).
The support level is a price range where an asset has historically not fallen below and is expected to bounce back upward.
Personally, I look for opportunities to open positions when the market is volatile or after significant moves that could impact an asset's price in the future. But if you're trading (entering positions or buying on spot) only when everything is pumping, then panic-selling on every dip and/or being afraid to buy or enter trades—well, I pity you. You'll never make money this way. Trading is not for you! Quit this right now!
The nearest target for #WIF is $4.304, and we will absolutely reach it!
USD/JPY - H4 - Channel Breakout The USD/JPY pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel Breakout pattern. This suggests a shift in momentum towards the downside in the coming Days.
USDJPY
Key Points:
Sell Entry: Consider entering a short position around the current price of 154.00, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 151.30
2nd Support – 149.82
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Fundamental Market Analysis for November 27, 2024 USDJPYThe Japanese Yen (JPY) continues to attract some safe haven flows amid tariff threats from US President-elect Donald Trump. In addition, the recent pullback in US Treasury yields following the appointment of Scott Bessent as US Treasury Secretary and expectations that he will rein in the budget deficit provides further support for the low-yielding JPY. This, along with weak US Dollar (USD) price action, led the USD/JPY pair to fall to a near three-week low around 152.700-152.650 during Wednesday's Asian session.
Nevertheless, uncertainty surrounding the Bank of Japan's (BoJ) next interest rate hike in December may deter traders from aggressively bullish bets on JPY. Meanwhile, easing geopolitical tensions amid a ceasefire agreement between Israel and Hezbollah may help limit the safe-haven JPY's gains. On the other hand, the US Dollar is likely to receive support from bets on slower interest rate cuts by the Federal Reserve (Fed), which could provide some support to the USD/JPY pair ahead of key US macroeconomic data released later today.
Trading recommendation: Trade predominantly with Sell orders from the current price level.
Sell EUR/JPY Bearish ChannelThe EUR/JPY 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. Ideally, This Would Be Around 161.15
Target Levels:
1st Support – 159.88
2nd Support – 158.91
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Silver AnalysisThe chart is in a bearish phase on the daily timeframe. Given the price movement, support around the 29.140 level is not unexpected. With proper risk management, a buy position can be considered in this area.
This analysis is based on price action, multi-timeframe analysis, and ICT (Inner Circle Trader) methodology.
This analysis is brought to you by the FXonbit Traders Team
Euro can reach resistance line of channel and then continue fallHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to decline inside the downward channel, where it rebounded from the resistance line first and in a short time declined to the support line of the channel. Next, the price rebounded from this line, which coincided with the resistance level and started to grow to the resistance line, making a first gap as well. When the price reached the resistance line, it turned around and made an impulse down, breaking the 1.0760 level, which coincided with the seller zone, after which tried to return, but failed. After this, the EUR continued to decline inside another one downward channel. In this channel, the price fell to the support line (1.0520) and then rebounded to the resistance line of the channel, after which continued to fall. Soon, the price fell back to the support line of the downward channel, but a few moments ago, it bounced up to almost the resistance line, making a second gap. So, at the moment, I think that the Euro can reach the resistance line of the channel and then start to decline to the support line of the channel. For this case, I set my TP at 1.0290 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
GBP/USD - H1 - Broadening Wedge The GBP/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Broadening Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.2532, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2442
2nd Support – 1.2375
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BTC/USDT - Rising Wedge Breakout - H4 ChartThe BTC/USDT pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Rising Wedge Pattern. This suggests a shift in momentum towards the downside in the coming Days. BINANCE:BTCUSD
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 93,400
Target Levels:
1st Support – 84,600
2nd Support - 78,210
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DOGE/USDT - Rising Wedge Breakout - H4 ChartThe DOGE/USDT pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Rising Wedge Pattern. This suggests a shift in momentum towards the downside in the coming Days.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.3910
Target Levels:
1st Support – 0.3188
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#BTC 1D: Correction Phase – Key Buy Levels Marked!The correction I previously warned about has occurred.
After a strong rally, the asset's price has stabilized and is now fluctuating within a narrow range (sideways movement), which is a natural correction phase.
Most of the trading volume for #BTC is concentrated around $89,216, a key support level where buyers may step in to sustain the price.
In the short term, I expect the price to continue moving sideways, with potential bounces or reactions primarily around $89,216—a critical support level.
For those trading on the spot (or futures?) market, I suggest considering buying or averaging positions at $89,200, $85,304, and $81,216.
DYOR.
#ADA 1W. Will Trump Boost the Price? 11/25/24Rumor has it that one of the ADA team members is friends with Trump, who has already discussed the integration of cryptocurrency into broader development processes. This could, in turn, influence the price of #ADA.
An entry into the position can be considered with 3 limit orders: 15-40% from the current level and 2 more pending orders. Exiting the position will also be done with 3 limit orders. Once the first take profit is hit, I’ll move the stop-loss to the entry point. Wishing everyone profits!
TradeCityPro | GBPNZD Analysis Ready to Move👋 Welcome to the TradeCityPro channel!
Let's start this week's market by analyzing the GBPNZD pair for potential triggers in futures. We'll keep it concise!
🌍 Fundamental Overview
GBP: The British pound remains under pressure due to persistent economic slowdown and uncertainty around the Bank of England's policy, with inflation softening but still above target.
NZD: The New Zealand dollar is supported by stronger commodity demand and recent hawkish signals from the Reserve Bank of New Zealand (RBNZ), which is holding interest rates steady but remains cautious of global economic conditions.
Result: Diverging monetary outlooks and commodity trends make GBPNZD sensitive to risk sentiment and trade flow shifts.
📊 Weekly Timeframe
In the weekly timeframe, like most currency pairs, we are in a range but have broken the lower box and are now ranging in a higher box.
Additionally, the chart shows a curve-like upward movement, forming higher lows, indicating an uptrend, but recently, the trend has significantly weakened, and the candlesticks are getting smaller.
If the curve line breaks, the price can move to 2.10640.
If the curve supports, the price may head towards 2.16990 and possibly break this significant resistance.
⏱ 4-Hour Timeframe
In the 4-hour timeframe, there is a descending trendline, forming lower highs and creating compression.
📉 Short Position Trigger:
Triggered by rejection from the trendline or a break of the 2.14309 support level, targeting 2.12359.
📈 Long Position Trigger:
Triggered by a breakout above the trendline and 2.15606, targeting 2.18194.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
S&P 500 Technical Analysis Ascending Triangle vs Rising Wedge I've identified two potential patterns on the S&P 500 SP:SPX chart:
Ascending Triangle (blue trendlines): Higher lows and flat highs, with breakout potential above the flat top or a breakdown below the higher lows. Indicated by blue arrows.
Rising Wedge Developing (red trend lines and arrows): Higher highs and higher lows, with a potential bearish breakout below the lower trend line or a less common bullish breakout above the upper trend line. Red arrows highlight the touch points on the rising wedge pattern.
Pattern Rules:
For a valid pattern, the following rules apply:
Ascending Triangle:
At least two higher lows
Flat highs
Decreasing volume
Breakout above the flat top or breakdown below the higher lows
Rising Wedge:
At least three touch points on each trend line (I will use as few as 2)
Higher highs and higher lows
Decreasing volume
Breakout below the lower trend line or above the upper trend line (less common)
Quick Review for Beginners:
New to chart patterns? Here's a quick rundown:
Higher lows: A series of lows that are higher than the previous ones.
Flat highs: A series of highs that are roughly the same level.
Decreasing volume: The trading volume decreases as the pattern forms.
Breakout: When the price moves above or below the pattern's boundary.
Trend lines: Lines drawn to connect the highs or lows of a pattern.
Keep in mind that chart patterns are not a guarantee of future price movements, but rather a tool to help identify potential trends and trading opportunities.
Gold looks like it could be setting up (LONG)It seems that gold has some imbalances to address before continuing its bullish momentum. Be patient and wait for clear rejections and bullish momentum candles before entering.
Sectoral Scanner study - 25 Nov for the 48th Week 11 NovSectoral Scanner study - 25 Nov for the 48th Week 11 Nov
Technical Analysis of the Sectors in the Indian Stock Exchange.
Market doing a Bullish RD and specifically in a few sectors.
AGAIN WITH EURNZD, IS THIS A REVERSAL OR A PULL BACK?EURNZD is currently making a channel move on the 1h which indicates a pull back to previous weekly close. now we are looking for price reaction at 1.79500, a double top forming at this zone will indicate the coming in sellers to drive the price lower. this trade can make as much as 1:7. LOOKING for price to for an engulfing candle on the 1h and 4h or a pin bar candle on the 1h and 4h from this price level. 1.79500 is a key levle.
5 Minute Trade setup (Gold)There's an imbalance I'd like to see filled on the 1-hour time frame, but to go long, I need these three things to happen first on the 5-minute time frame.
