Elliott Wave Analysis for EUR/USD - Bullish OutlookPEPPERSTONE:EURUSD
This analysis is based on the application of Elliott Wave principles for the EUR/USD market on a weekly timeframe.
💡 Wave Identification:
Corrective Cycle (ABC): After a peak marked by wave B, the market completed a 5-wave downward structure (waves 1 to 5), forming wave C, signaling a possible end of the correction.
Potential Reversal Zone (2/B): The current point is a strategic level where a bullish rebound is anticipated.
📊 Projection:
A bullish impulse is expected from point C. The initial target lies in the 1.1140 - 1.1217 zone, corresponding to key resistance levels and Fibonacci projections.
🧠 Conclusion:
A breakout above 1.0440 could confirm a significant bullish impulse, suggesting buyers are regaining control.
⚠️ Disclaimer : This analysis is not financial advice. Always conduct your own research before investing.
Buy
NZD/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
NZD/JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 89.129 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the NZD/JPY pair.
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bch buy midterm"🌟 Welcome to Golden Candle! 🌟
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Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
US30 Will Go Up From Support! Buy!
Take a look at our analysis for US30.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 44,546.65.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 45,015.58 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURUSD Is Going Up! Buy!
Take a look at our analysis for EURUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.032.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.034 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EUR/AUD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
EUR/AUD is making a bearish pullback on the 1D TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.670 level.
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EURUSD Ahead of Inflation DataYesterday, EURUSD continued its upward movement, reaching 1,0381.
Later today, U.S. inflation data will be released.
This news has a significant impact and will determine the next move for the USD.
If the pair continues to rise, the target will be to break previous highs and reach 1,0568.
Be cautious of misleading price movements and avoid emotional trading!
DXY Possible ideaDXY has been bullish for quite some time now. From what we can see, it has been breaking highs with momentum. It has recently retraced back just above an unmitigated demand zone, where lots of liquidity is currently hovering above. It could use this liquidity to fuel its move to the upside after it mitigates this demand area, breaking the latest weak high that awaits a liquidity run.
doge buy midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
Gold Is Nearing An Important SupportHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2885 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2885 support and resistance area.
Trade safe, Joe.
GOLD Is Very Bullish! Long!
Here is our detailed technical review for GOLD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2,902.777.
Considering the today's price action, probabilities will be high to see a movement to 2,977.804.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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LONG ON CAD/JPY- Falling Channel at major support/demand are with a breakout (Bullish reversal pattern)
- Price Failing to break lows creating triple bottom/support area. (bullish)
- Jpy index has a head and shoulder pattern and is falling. (bullish for xxx/jpy pairs)
I will be buying CAD/JPY expecting price to rise for the rest of the week.
xausd key areas to watch with detailed analysisHere's an analysis of XAU/USD at 2,861 as of February 10, 2025, incorporating technical and fundamental insights from the search results:
Current Context
Gold (XAU/USD) is trading near 2,861, a critical juncture given recent market dynamics. This level aligns with forecasts and technical patterns discussed in the search results, offering insights into potential bullish or bearish scenarios.
Key Technical Levels
Immediate Support:
2,861: Coincides with the lower bound of February 2025’s forecasted range (2,861.25–2,991.30). A hold here could signal bullish resilience.
2,746–2,695: Deeper support zones if a correction occurs, based on Fibonacci retracement levels and trendline analysis .
Resistance Levels:
2,868–2,900: The next psychological and technical hurdles, with 2,868.56 (R2) noted as a swing high target .
2,991–3,000: Upper bound of February’s projected range and a key breakout target .
Long-Term Trend:
Gold remains in an ascending channel (up ~27% since 2024), supported by geopolitical uncertainty and central bank demand .
The 100 SMA is above the 200 SMA on the 4-hour chart, indicating underlying bullish momentum .
Bullish Scenario
Triggers:
Fed Policy & Inflation: Continued dovish signals from the Fed (e.g., rate cuts) and persistent inflation could drive gold higher .
Geopolitical Risks: Escalating tensions (e.g., Middle East conflicts, U.S.-China trade policies) may boost safe-haven demand .
ETF Inflows: Positive gold ETF flows, as seen in late 2024, could reignite upward momentum 3.
Technical Outlook:
A bounce from 2,861 could target 2,900–2,991, aligning with February’s forecast .
A break above 2,991 opens the path to 3,000+, with institutions like JPMorgan forecasting $3,150 by year-end .
Bearish Risks
Triggers:
USD Strength: A stronger dollar (e.g., from robust U.S. data or hawkish Fed rhetoric) may pressure gold .
Profit-Taking: Overbought signals (RSI at 57) and resistance at 2,868 could trigger short-term pullbacks .
Reduced Safe-Haven Demand: Easing geopolitical tensions or risk-on sentiment might reduce gold’s appeal .
Technical Outlook:
A breakdown below 2,861 could test 2,746–2,695 (Fibonacci and trendline support) .
Sustained selling might invalidate the uptrend, risking a drop toward 2,625 (critical 100-day SMA).
Macro Drivers to Watch
U.S. Economic Data: Non-Farm Payrolls (NFP), CPI, and Fed rate decisions will influence USD and gold .
Geopolitical Events: Developments in Ukraine, Middle East, and U.S. trade policies under Trump .
Central Bank Activity: Continued gold purchases by central banks (e.g., China, India) may stabilize prices
Short-Term Forecast
Base Case: Consolidation near 2,861–2,900 as markets digest recent gains and await catalysts.
Upside Bias: Favored if gold holds above 2,861, targeting 2,991–3,000 .
Downside Risk: A close below 2,861 could trigger profit-taking toward 2,746
Conclusion
At 2,861, XAU/USD is at a pivotal level. While the broader trend remains bullish (supported by inflation, geopolitics, and central bank demand), short-term volatility from USD fluctuations and technical resistance could dominate. Traders should monitor 2,861 as a key support and watch for breaks above 2,900 or below 2,746 to confirm directional bias.
support and resistance for short term:
Resistance:
2872
2885
2894
2900
2911
2920
these resistance points can be used as bullish targets
Support:
2855
2851
2841
2833
2830
2819
2800
2782
these support points can act as bearish targets
LIKE BOOST AND SHARE US SUPPORT US
USDJPY Will Go Up! Long!
Please, check our technical outlook for USDJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 152.244.
Taking into consideration the structure & trend analysis, I believe that the market will reach 155.085 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURGBP Will Move Higher! Buy!
Here is our detailed technical review for EURGBP.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.832.
Considering the today's price action, probabilities will be high to see a movement to 0.840.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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AUD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
Previous week’s red candle means that for us the AUD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 98.666.
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