GBP/USD: Will It Continue to Rise or Face Resistance?The technical analysis for the GBP/USD pair on the 4-hour chart shows that the British pound is trading near the 20-period and 50-period exponential moving averages (EMAs). Both EMAs are consolidating, creating a support area just below the current price. However, the Bollinger Bands are slightly widening, which could indicate an impending period of increased volatility.
The GBP/USD pair is currently trading just below the recent high, increasing the likelihood of a move towards the next key resistance level. A break above the current resistance zone could lead to a fresh rally, while a pullback could retest the lower EMAs as support.
Buy
USOIL Analysis - BearishPair Name = USOIL
Timeframe =W1
Analysis = technical + fundamentals
Trend = Bearish
Pattern = Symmetrical Triangle
Details :-
USOIL is still following bearish trend. Currently Price range between 65 to 70. it will stay here for few more days. After that it will Again Follow the bearish trend. Target Price is 55 to 57.
XAUUSD Analysis D1 - Bullish Pair Name = Gold
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Pattern = Bullish Flag
Details :-
Gold Moved as we explained in Previous D1 update. Currently Volume is decreasing because of fear. this just bounce back for the market. Still Price Holding EMA5 that indicate still bullish trend. Expecting Price around 2600 in this Move.
GOLD H4 Analysis And Market MovesPlease see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2580 Gold Price level and 2550 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2573 to 2575. That indicates if Price breaks this level. Then we will see again bullish wave.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2564,2556 and 2545 price level.
EMA 5 Crossing levels:-
2573 To 2575
Retracement Zone:-
2545 To 2555
Bullish Gold Levels:-
2590
2615
Bearish Gold Levels:-
2564
2556
2545
2530
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accurate analysis according market next move. Happy trading.
EURUSDLooking at this Eurusd chart, I see that the money pair is showing signs of continuing to move in the uptrend. The current price is trading around 1,11231, and there are a few important factors that we need to consider.
Firstly, the yellow support area has been maintained very well, showing that the buyer still has the strength in maintaining the price in this area. This is also an area coinciding with EMA 34 and 89, creating more solid support for the price.
Secondly, the rising trend is still being kept, and if the EURUSD can surpass the resistance level in the area marked by the red arrow, the higher the price will reach new high levels, even surpasses Through the threshold of 1,12000.
However, I also did not rule out the possibility of a short -term adjustment. If the price cannot break the current resistance and decreases, the yellow support area will play an important role again. If this region is broken, a deeper decrease may occur, returning to the price area around 1,10384 or further to 1,09434.
The best scenario that we are watching is the price will continue to rise, especially if we see the signal clearly breaks from the resistance threshold and set a higher peak. But, I will still be careful with any signs of reversal in the current resistance area.
I wish you successful transactions and earn a lot of profits from this strategy!
Alibaba: Cheap PricesAlibaba continues to position itself as a dominant force in e-commerce, cloud computing, and international growth. With new developments and expanding global influence, the company offers significant upside potential for investors & business owners and consumers. NYSE:BABA
[Financial Performance:
Revenue Growth: Alibaba reported a 5.9% year-over-year increase in revenue, reaching ¥950.25 billion for the 12 months ending June 2024. This growth is driven by robust performance across its core e-commerce platforms and rapid cloud computing expansion
Cash Flow: Alibaba has demonstrated a solid cash flow of $11.04 per share, with a price-to-cash-flow ratio of 7.68, reinforcing its ability to maintain liquidity and pursue investments
Cloud Computing and E-commerce:
Cloud Business Expansion: Alibaba Cloud continues to expand rapidly, now accounting for a significant share of revenue. It remains a strong leader in China, with international expansion efforts helping it challenge other global cloud providers
International Growth: The company is gaining traction outside of China, leveraging platforms like Lazada in Southeast Asia, a key driver of international growth
Technical and Market Analysis:
Stock Performance: As of September 12, 2024, BABA trades at $85.39, representing a 10.4% gain year-to-date. Despite recent fluctuations, analysts remain optimistic about its future performance
Price Target: Analysts have set a consensus price target of $107.61, suggesting a strong upside potential of over 20%. BABA's current valuation at a P/E ratio of 18.93 remains attractive, signalling room for growth
Strategic Outlook:
AI Investments: Alibaba's investments in AI are expected to enhance its cloud offerings and improve the efficiency of its e-commerce platforms, making it a leader in innovation
Long-Term Potential: Despite regulatory challenges and geopolitical risks, Alibaba's strong financial position and focus on international markets make it a compelling investment for those seeking long-term value.
ATH? Lol.
$84.70 NYSE:BABA
Gold price todayToday, gold price touched $2571 and did not change much from yesterday's trading session with stability above the highs in early Wednesday.
Today there is no strong news and I will focus on the analysis on the 4-hour chart of #GOLD. From a close observation, the trend line and the price wedge both show an uptrend, however it is limited below the resistance of the uptrend channel. Based on previous reactions, I first expect the price to correct at the present time.
My strategy today is to hold the short position until the specified target.
Gold Prices Rise Amid Selling Pressure and US Retail Sales DataThe current gold price chart shows strong support at the 34 EMA and 89 EMA, both of which are converging to form a key support area. This, combined with better-than-expected US retail sales data, suggests that the US economy is gaining some strength, which could support the dollar. However, weaker-than-expected retail sales could prompt the Fed to cut rates more aggressively later in the year. This creates a favorable environment for gold, as investment in gold tends to increase in low-interest rates. The gold market could react positively if the Fed cuts rates next week, easing selling pressure and potentially supporting gold prices to rise again.
AUDNZD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.08900 zone, AUDNZD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.08900 support and resistance zone.
Trade safe, Joe.
SPX500USD Is Bullish! Long!
Take a look at our analysis for SPX500USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 5,676.2.
The above observations make me that the market will inevitably achieve 5,784.8 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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GBPJPY Will Go Up! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 184.411.
The above observations make me that the market will inevitably achieve 185.422 level.
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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CAD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
Previous week’s red candle means that for us the CAD/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 108.830.
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NZD/JPY LONG FROM SUPPORT
Hello, Friends!
NZD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going down too. 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 87.117 area.
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Gold Hits New Record: Will the Fed Break Rates?Gold has now surpassed its previous record high of $2,570 an ounce, supported by strong expectations of a Fed rate cut. However, higher-than-expected US consumer price data has reduced the likelihood of a 50 basis point rate cut this month, although the market still expects a 100 basis point cut by the end of the year. Gold is considered a “safe haven” amid the current uncertainty, and if the Fed does cut rates as expected, gold prices could continue to rise.
NIO Options Ahead of EarningsIf you haven`t sold the NIO`s speculative bubble:
bubble
Now analyzing the options chain and the chart patterns of NIO prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2024-9-6,
for a premium of approximately $0.24.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Good Opportunity to Open AMD positions at these price ranges Simply I am buying NASDAQ:AMD at 133 and waiting to sell my positions with about 35% up and expecting to rise up from the current price ranges which is 132
The company is making a good growth QoQ and YoY and now it is in a good Demand zone
My Target is 187$
Stop loss is any daily close below 122$
This is my personal trades and it is NOT a financial advise
Leave a comment about what you think
XAUUSD H4 Analysis - Bullish or BearishPair Name = Gold
Timeframe = H4
Analysis = technical + fundamentals
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2590 Gold Price level and 2663 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2577 to 2580. That indicates if Price breaks this level. Then we will see a small retesting period.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2545 to 2556 price level.
EMA 5 Crossing levels:-
2580 To 2577
Retracement Zone:-
2545 To 2555
Bullish Gold Levels:-
2590
2615
Bearish Gold Levels:-
2564
2556
2545
2530
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move.Happy trading.
DXY Will Go Up From Support! Buy!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 100.844.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 101.825 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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GOLD Will Go Higher! Long!
Here is our detailed technical review for GOLD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,585.002.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,655.358 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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GBPCHF Will Move Higher! Long!
Please, check our technical outlook for GBPCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.112.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.119 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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