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USDCAD SELL | Idea Trading AnalysisUSCAD is moving in a descending channel, We expect the decline to continue after the dynamic resistance is retested. USDCAD is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD 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 🤝
Short
by TheGrove
9
ETHEREUM road to new ATH!Here we have an analysis for Ethereum in 1H time frame. we can consider two scenarios. Bullish Scenario: If ETH breaks above the immediate resistance (PA) around $3,700, it could rally towards higher resistance levels at $3,900, $4,000, and potentially up to $4,400. This is depicted by the black projected path, suggesting a continued uptrend. Bearish Scenario: If ETH fails to break the $3,700 resistance and moves below the immediate support of $3,520, it could see further declines. The orange projected path indicates a potential drop towards $3,360, $3,280, and a significant support level around $3,125. This scenario suggests a possible deeper correction before any potential recovery.
Long
by hamed-b
NAS100 FORECAST Overview: - Current Price: 19019, slightly down by 0.11% (-20.2 points). - Price Action: The index has been in an uptrend since early May, with a recent consolidation phase. Key Observations: 1. Trend: - The overall trend is bullish, with higher highs and higher lows forming since early May. - There was a significant upward movement around mid-May, followed by a correction and another upward push in early June. 2. Recent Price Movement: - After reaching a high around 19050, the price has pulled back slightly and is currently consolidating just below this level. - The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher. 3. Bearish and Bullish Levels: - Resistance: The recent high around 19050 is acting as a resistance level. A breakout above this level could signal further bullish momentum. - Support: The previous swing low around 18600 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction. 4. Volume and Volatility: - The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move. Potential Scenarios: 1. Bullish Scenario: - If the price breaks above the resistance at 19050 with strong momentum and volume, it could continue the uptrend, targeting new highs. - In this case, the next psychological levels to watch would be around 19100 and 19200. 2. Bearish Scenario: - If the price fails to break the resistance and falls below the recent consolidation low around 18900, it could signal the start of a correction. - In this scenario, the next support levels to watch would be around 18700 and 18600. 3. Sideways Movement: - The price could continue to consolidate between 18900 and 19050, indicating indecision in the market. - Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move. Conclusion: The US NASDAQ 100 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 19050 could continue the uptrend, while a breakdown below 18900 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves.
OANDA:NAS100USD
by RojBarwari
||BTCUSD|| SET TO REACH 80K IN THE NEXT MOVE!We are currently sitting in an interesting situation regarding market structure. Two bullish formations have been printed after the price broke out of the current flag formation, only to create one of the shoulders for the H&S formation as depicted in yellow. Two formations intertwined so perfectly is normally a great sign for the direction the formations dictate, as you are strengthening retail confidence, and bringing 2 groups of strategies together with a bullish sentiment. in order to be confident prices are to reach our targets, price must break the 71.6K mark and at least test it once. price does of course have to exceed all time highs of 73.9K which will be the last level of resistance before we move back into price discovery mode. I do not think the ATH will post much resistance based on the strength of current market structure. The MACD is also priming itself for a convergence run once averages break apart as they have been in consolidation for a couple days. Although my targets are set for both 81K and 87K I do expect price to get stuck once it reaches 80K as it does pose a strong psychological level of resistance. Thank you for your read, hope you found some new insights and perceptions on the BTC market structure.
COINBASE:BTCUSDLong
by Crisp_Flow
GBPJPY SELL | Idea Trading AnalysisGBPJPY is moving in an ascending channel. The price has an opportunity to test the resistance zones. If the price cannot break through the resistance level, it is expected that there is a chance that the price will fall.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPJPY 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 🤝
Short
by TheGrove
3
NQ Power Range Report with FIB Ext - 5/8/2024 SessionCME_MINI:NQM2024 - PR High: 18204.25 - PR Low: 18180.75 - NZ Spread: 52.5 Key economic calendar events 10:30 | Crude Oil Inventories 13:00 | 10-Year Note Auction Prev session closed virtually flat - Holding inside prev session range - Near Monday's high - Potential daily pivot off 18300 zone - Another low vol session open Evening Stats (As of 12:25 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 285.39 - Volume: 15K - Open Int: 232K - Trend Grade: Bull - From BA ATH: -2.7% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024
by mv3trader5
GBPCAD → Trade Analysis | SELL SetupHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
3
GBP/USD Extends Recovery Amid Dollar WeaknessThe GBP/USD is extending its recovery rally towards the 1.2500 level in Thursday morning's European session. This currency pair continues to be supported by the prolonged weakness of the US Dollar along with low-interest rates of US treasury bonds. On the 4-hour chart, we observe that the GBP/USD has crossed above the 20-period Simple Moving Average (SMA), signaling positive signs of price recovery. If prices continue to rise and surpass both the SMA 50 and SMA 100, we can expect a stronger upward movement.
by Daisy_Anna
NZDCAD → Trade Analysis | BUY SetupHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
Technical Analysis: Signs of Price Adjustment in EUR/USDIn Thursday's trading session, the EUR/USD pair lost momentum, dropping to around 1.0745 due to the CPI inflation data boosting the value of the US Dollar (USD) and exerting pressure on the EUR/USD pair. The decision on interest rates by the European Central Bank (ECB) is expected to maintain stability at record high levels. From a technical standpoint, on the 4-hour chart, the EUR/USD continues to show downward prospects as it remains below the Simple Moving Averages (SMA), a clear sign of the strength of the downward trend. The Relative Strength Index (RSI) has also decreased to near oversold levels around 32, indicating the potential for a price correction to the upside.
by Daisy_Anna
AUDUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
GBP/USD's Strong Uptrend in the Upcoming PeriodGBP/USD is trading back and forth around the 1.2660 level and remains within the trading range of Monday. After breaking through this range, the price continues to rise strongly with no signs of a decline in the . Looking at the chart, we can see that both technical indicators, SMA and RSI, are supporting the upward trend for this currency pair. Especially the SMA 20, it is gradually trending upwards and is far away from other SMAs such as SMA 50 and SMA 100. This indicates that the price is in a prolonged uptrend. On the other hand, looking at the Relative Strength Index (RSI) indicator, we notice that it is in the overbought zone. This predicts that there may be a price correction, causing the price to retreat in the short term. However, this does not guarantee the end of the upward trend, but rather a minor adjustment before the price continues to rise strongly.
by Daisy_Anna
Analyzing Gold's Trend In the Upcoming PeriodGold prices are showing signs of reversal after hitting an all-time high above the $2,350 barrier during European trading on Monday. The decrease in bets on a Fed interest rate cut in June and reduced geopolitical tensions have limited gold's upward momentum, despite increased central bank gold purchases. Looking at the H4 chart,, if gold undergoes a correction back to around $2,331 before continuing its upward trend, it could indicate that the strong uptrend will continue. If gold buyers successfully challenge the correction pressure, there's a possibility of a new recovery towards the psychological level of $2,370, if accepted above the $2,350.
OANDA:XAUUSD
by Stephen_Anders
GBPUSD (4h) analysis (read caption)GBPUSD pair within a parallel channel. With GBPUSD currently at 1.2722, anticipate a pullback to either 1.27380 or 1.27440, which are resistance zones. If the market fails to break through these zones, expect a downturn towards the demand zone at 1.26560. I suggest setting a stop loss at 1.27700 to manage risk. Remember to monitor the market closely for any changes in price action. if you like idea so please comment like and follow thank you for support
Short
by Alexview009
Eurusd 4h analysis (read caption)- EUR/USD is currently at a resistance zone. - i anticipate a market downturn towards my demand zone. - - Resistance levels are at 1.08939 and 1.09082. - - my demand zone level from 1.08628 to 1.08503. - i've set a stop loss at 1.09238. My strategy seems to involve selling or shorting EUR/USD as it approaches the resistance zone, with the expectation of a downward movement towards the demand zone. Remember to monitor the market closely and adjust your positions accordingly based on new developments.
Short
by Alexview009
3
Gold (xauusd) analysis 1. Price Levels: - Current Gold Price: 2040 - Expected New Higher High: 2180-2193 - Resistance Levels: 2124-2115 - Stop Loss (SL): 2011 2. Bullish Sentiment: - Gold is described as "very strong bullish," indicating a positive outlook on its price movement. 3. Technical Analysis: - Demand Zone: 2180-2193 is identified as a demand zone, suggesting potential buying interest in that price range. - Resistance Levels: 2124-2115 are noted as resistance levels, indicating areas where selling pressure may increase. - Stop Loss (SL): 2111 is suggested as a stop-loss level, indicating a point at which traders may consider exiting their positions to limit potential losses. 4. Market Outlook: - The overall analysis suggests a bullish stance on gold, with expectations of continued upward movement towards new higher highs. 5. Risk Management: - The inclusion of a stop-loss level (2111) emphasizes the importance of risk management in trading, ensuring that potential losses are limited in case the market moves against the expected direction.
OANDA:XAUUSDLong
by Forex_Haleh_signals_professor
USDJPY BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation ascending triangle, set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1