JPN225 LongThis trade is with the trend
There is no pattern
stop loss below the last structure
take profit at M15 overbought
Buy
EURGBP Will Grow! Buy!
Take a look at our analysis for EURGBP.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.833.
The above observations make me that the market will inevitably achieve 0.838 level.
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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GBP/USD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
Previous week’s red candle means that for us the GBP/USD 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 1.310.
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EUR/USD LONG FROM SUPPORT
Hello, Friends!
EUR/USD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.089 area.
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USD/JPY Rate High: Yen Under Pressure from Strong USDCurrently, USD/JPY is rising as the U.S. dollar strengthens on expectations that Trump’s policies could impact Federal Reserve interest rates, driving the pair above 150.
In the short term, USD/JPY may stay elevated, though long-term trends will depend on Fed rate decisions and the Bank of Japan’s (BOJ) response. While BOJ maintains its loose monetary stance, the Fed’s potential for high rates to control inflation continues to support the USD/JPY pair. However, if the Fed signals rate cuts or BOJ shifts its policy, USD/JPY may decline.
EUR/USD May Decline as USD Gains on Trump-Related TradesToday, the EUR/USD pair is under pressure due to the strength of the USD, driven by expectations of higher U.S. interest rates and recent political developments. The pair has fallen to a multi-month low, hovering between 1.0685 and 1.0680.
With increased volatility around the U.S. political environment—particularly after Donald Trump’s election win—alongside a Double Top pattern on the market chart, a short-term forecast suggests that if EUR/USD breaks below the 1.07 level, it may test support around 1.05. However, if economic indicators in the eurozone improve, the EUR/USD could have potential for a rebound within its current range. The Federal Reserve's rate decisions and any new fiscal policies could further influence the currency pair's direction in the coming days.
XRPUSDT Breaks Downtrend, Bullish Momentum BuildsXRPUSDT has successfully broken out of its downtrend and is now moving upward at a rapid pace.
Currently, XRPUSDT is up by more than 3.6% on the day, confirming a new support level as marked on the chart. With signals from the EMA 34 and 89, XRPUSDT is gaining bullish momentum fueled by positive market sentiment. The confluence of the EMA levels with this support area is shaping up to be an ideal entry point.
Consider entering a position wisely, and be sure to set your take-profit and stop-loss levels!
Latest GBPUSD update todayGBP/USD recently saw an uptick in the previous session, trading around 1.2940 in Wednesday’s session.
The pair has since lost ground as the U.S. dollar strengthened, buoyed by increased trading activity linked to Trump, with Republican candidate Donald Trump gaining support in the U.S. presidential election.
Global Gold Price Drops Sharply After Trump WinsAfter news of Trump’s win broke, gold prices dropped by 3% within a single day due to the strong rebound of the U.S. dollar. This decline was primarily driven by traders anticipating that Trump’s trade policies would include higher tariffs, likely keeping interest rates elevated and making gold more expensive for holders of other currencies.
According to me, gold prices began to decrease shortly after the election ended, as the U.S. dollar surged, exerting downward pressure on gold.
In the short term, gold prices may experience significant volatility as markets assess the impact of future Federal Reserve decisions and respond to global risk factors. Although fluctuations are expected, if U.S. interest rates decrease or additional geopolitical risks arise, gold prices could return to an upward trend.
ETHUSDT on a Strong Bullish Run: Breaking New GroundToday, ETHUSDT is maintaining a powerful upward trend, trading around 2840 USDT with an impressive gain of over 4.44% for the day.
After a period of consolidation within a wedge pattern, it successfully broke through the sideways trend and surged upward.
The immediate target now is the higher resistance zone around 3400 USDT, with a closer level at 3170 USDT as a potential checkpoint.
What are your thoughts on ETHUSDT's trend? Share your opinion in the comments below. Good luck!
Gold Hits 3-Week Low: Recovery or Further Decline?Gold prices dropped over 3% to a 3-week low on Wednesday (Nov 6) as the USD strengthened following Donald Trump’s victory.
Gold has reached a critical support level around 2,642.534 USD/oz, acting as a key "stop point." If strong buying interest emerges here, gold may see a short-term recovery.
However, if this support level doesn’t hold, the next downside target could be 2,588.110 USD/oz, where additional buying pressure is expected.
The 34 and 89 EMA lines are currently above the price, indicating that the downtrend still dominates. To confirm a recovery, the price needs to climb back above lost resistance levels. Conversely, if selling pressure persists and the price stays below the EMAs, the downward trend is likely to intensify.
Investors should closely monitor price reactions at these support and resistance levels, especially as global political and economic factors could lead to strong market volatility.
BUY GBP VS JPY Triangle BreakoutThe GBP vs JPY pair on the M30 Timeframe presents a potential Buying oppurtunity due to a recent breakout from a triangle pattern This suggest a shift in momentum towards the upside and higher likehood of further advances in the coming the hour
POSSIBLE LONG TRADE
First Resistance 199
Second Resistance 200
Stoploss To manage risk place a stoploss order below support zone
This helps limit potential losses if the price falls back unexpectedly
Your likes and comments are incedibly motvitation and will encourage me to more analysis with you
ETHUSDT Faces Strong Resistance, Downtrend PersistsETHUSDT is currently trading around 2,589 USDT and remains within a downward channel on the 4-hour chart. Each time the price approaches the resistance line of this channel, selling pressure increases, pushing ETH back into the downtrend. The main trend is still bearish, with signals indicating that selling pressure is dominating in the short term.
Key Analysis Points
Important Resistance Zone: ETH is facing a strong resistance level right at the upper boundary of the downward channel. This is a zone where sellers typically capitalize on to increase pressure, pushing the price back down.
Short-Term Support Level: The current support lies around 2,480 USDT. This level may trigger some defensive buy orders. However, if it is breached, ETH may continue to drop further, potentially heading below 2,400 USDT.
Next Trend: If ETH fails to break through the channel resistance, a significant correction is likely, aligning with the ongoing downtrend. In this scenario, ETH could continue to move downward, with the next target at a deeper support level.
Given the current situation, a selling strategy appears to be more promising as ETH approaches resistance zones within the downward channel without breaking through.
SOLUSDT todaySOLUSDT is currently trading at 184.26 USDT after a strong rally that broke through a significant resistance level. This surge indicates solid buying momentum as SOL pushes past resistance and continues upward.
Following the breakout, the previous resistance around 166 USDT may now act as support. This is a level where buying interest could emerge if there’s a short-term pullback.
The next resistance zone to watch is between 188 and 190 USDT. If SOL maintains its momentum and breaks through this range, it could potentially reach higher levels, aiming towards the 200 USDT mark.
BTCUSDT Near Key Resistance – Another Rally Ahead?BTCUSDT is currently trading around a high of 72,890 USDT, with prices surging since its last breakout from the downtrend at 68,700 USDT.
The coin is gaining strong momentum due to several key factors:
Expectation of a Bitcoin Spot ETF in the U.S.: Investors anticipate that the SEC will approve a spot Bitcoin ETF soon, paving the way for institutional inflows.
Positive Sentiment Ahead of the U.S. Elections: Economic policy uncertainty has led investors to view Bitcoin as an alternative asset for value preservation.
Interest from Major Financial Institutions: Growing interest from top financial institutions is boosting confidence and demand for Bitcoin.
From a technical and indicator perspective, BTCUSDT is approaching a critical resistance level. If it successfully breaks through, another strong rally could be on the horizon!
COIN Coinbase Global Options Ahead of EarningsAnalyzing the options chain and the chart patterns of COIN Coinbase Global prior to the earnings report this week,
I would consider purchasing the 200usd strike price in the money Calls with
an expiration date of 2024-11-15,
for a premium of approximately $21.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Gold Potenital UpsidesHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2600 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2600 support and resistance area.
Trade safe, Joe.
BUY GOLDWe are monitoring GOLD for a big move up. Our entry is at 2671 and our targets remain at 2754 and 2900 long term as earlier projected. Our stop losses has been adjusted to 2640. Use your own risk management. Good luck. Congratulations to the new Elected President for the USA Donald Trump, markets are defiantly going to be much interesting these next 4 years.
GOLD Will Go Up From Support! Long!
Here is our detailed technical review for GOLD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2,721.720.
Considering the today's price action, probabilities will be high to see a movement to 2,744.828.
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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GBPNZD Will Go Up! Buy!
Please, check our technical outlook for GBPNZD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2.161.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.180 level.
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.
Like and subscribe and comment my ideas if you enjoy them!
AUDCAD Is Going Up! Buy!
Here is our detailed technical review for AUDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.919.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.937 level.
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.
Like and subscribe and comment my ideas if you enjoy them!
SPX500USD Will Go Up! Long!
Please, check our technical outlook for SPX500USD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 5,779.8.
Taking into consideration the structure & trend analysis, I believe that the market will reach 5,887.5 level soon.
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.
Like and subscribe and comment my ideas if you enjoy them!
GOLD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
GOLD is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 2,758.705.
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