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GBP/USD Supported by Peace Deal HopesThe GBP/USD traded at $1.246, holding steady with global market optimism. The pound found support from peace deal hopes between Ukraine and Russia but struggled against a stronger U.S. dollar, supported by rising Treasury yields and recent inflation data. The Federal Reserve’s cautious approach to rate cuts has kept the dollar firm, while UK economic concerns, including a potential GDP contraction, weigh on the pound. With upcoming U.S. PPI data, GBP/USD could face further pressure. The first resistance level for the pair will be 1.2500. In the event of this level's breach, the next levels to watch would be 1.2600 and 1.2650. On the downside 1.2340 will be the first support level. 1.2265 and 1.2100 are the next levels to monitor if the first support level is breached.
by ChartMage
Euro Gains Ground on Ukraine Peace TalksThe EUR/USD traded at $1.04 on Thursday, gaining 0.1% for the day after rebounding from earlier declines. The euro found support amid optimism over a potential peace agreement between Ukraine and Russia, spurred by encouraging progress in diplomatic discussions. Despite rising U.S. Treasury yields strengthening the dollar, the euro remained steady. U.S. inflation data exceeded expectations, tempering hopes for Federal Reserve rate cuts. While the dollar stays relatively strong, the euro’s stability suggests it could hold firm against the greenback. Moving forward, U.S. monetary policy and geopolitical events will be key factors influencing EUR/USD. From a technical standpoint, the first resistance level is at 1.0460, with further resistance at 1.0515 and 1.0600 if the price breaks higher. On the downside, initial support is at 1.0350, followed by additional levels at 1.0275 and 1.0220.
by ChartMage
Yen Below 154, Rate Cut Bets ReducedThe Japanese yen weakened past 154 per dollar, hitting its lowest level in over a week, as strong U.S. inflation data prompted traders to scale back expectations for further Federal Reserve rate cuts. Markets now anticipate just one quarter-point reduction this year. Meanwhile, Bank of Japan Governor Kazuo Ueda provided no clear indication regarding future interest rates, reaffirming the BOJ's commitment to its current policy. However, BOJ board member Naoki Tamura hinted at a possible rate hike in the latter half of fiscal 2025. The key resistance level is at 154.90, with a break above potentially opening the door to 156.00 and 157.00. On the downside, initial support stands at 151.90, followed by 151.25 and 149.20 if the decline continues.
by ChartMage
Cloudflare: ProgressCloudflare has demonstrated impressive upward pressure, surging more than 40% in just a few days. In response, we now consider waves 3 and 4 in green as finished and locate the stock in the final stretch of this impulse move, which should ultimately complete the orange wave iii. Given that key expansion levels have already been reached, we expect the wave iii high to form soon. Afterward, we anticipate a sharp wave iv correction, with downside potential toward the $122.68 support.
NYSE:NET
by MarketIntel
GOLD - at DO or DIE area, holds or not??#GOLD - well guys as you know that today is CPI day and we will see aggressive move in market according to technical point of view we have single supporting area that is around 2881 to 2886 that is today most expensive region. and only holdings of that region can create and resume buying trend again otherwise below that market will again drop towards his next supporting areas. so don't be lazy here and stay sharp at that region and don't hold your buying positions below that. NOTE: we will go for cut n reverse below 2881 good luck trade wisely
FX:XAUUSDLong
by AdilHussain731333
Silver Steady Amid US Tariffs, China Retaliation, and EU Trade WSilver trades around $31.8 per ounce on Wednesday, steady as safe-haven demand rises after Trump’s 25% tariff on steel and aluminum, with more expected. China’s retaliatory tariffs take effect today, while Germany warns of an immediate EU response to US tariffs. Silver is also supported by strong industrial demand, particularly in renewables, and ongoing supply shortages. Technically, the first resistance level will be 32.50 level. In case of this level’s breach, the next levels to watch would be 33.00 and 33.50. On the downside, 31.40 will be the first support level. 30.90 and 30.20 are the next levels to observe if the first support level is breached.
FOREXCOM:XAGUSD
by ChartMage
Gold Falls from $2,940 Peak Amid Fed’s Hawkish StanceGold fell below $2,900 per ounce on Wednesday, extending losses after hitting a record $2,940. The drop followed Fed signals that rate cuts aren’t imminent, shifting focus to US inflation data. While inflation hedging supports gold, the Fed’s stance limits its appeal. Safe-haven demand remains strong amid Trump’s tariffs, trade war fears, and geopolitical tensions, with Israel threatening to end the Gaza ceasefire. Dovish central banks and rising gold purchases also provide support, while India’s gold leasing rates hit record highs. Technically, the first resistance level will be 2949 level. In case of this level’s breach, the next levels to watch would be 2975 and 3000. On the downside, 2885 will be the first support level. 2830 and 2760 are the next levels to monitor if the first support level is breached.
TVC:GOLD
by ChartMage
GBP/USD Rises as Traders Scale Back Aggressive BoE Easing BetsThe British pound rose to $1.2440, rebounding from a three-week low as traders adjusted rate cut expectations after BoE policymaker Catherine Mann’s comments. Although she voted for a 50bps cut, she clarified it wasn’t a signal for aggressive easing but aimed to improve market communication. She emphasized the need to maintain monetary restrictions due to structural challenges in returning inflation to 2%, leading traders to lower 2025 rate cut expectations to 62bps. Focus now shifts to upcoming GDP estimates, Q4 figures, and December’s industrial and manufacturing output. The first resistance level for the pair will be 1.2500. In the event of this level's breach, the next levels to watch would be 1.2600 and 1.2650. On the downside 1.2340 will be the first support level. 1.2265 and 1.2100 are the next levels to monitor if the first support level is breached.
by ChartMage
EUR/USD Steady as Markets Await Key US Inflation ReportEUR/USD trades near 1.0450, with the dollar index steady at 108 on Wednesday, as markets await a key inflation report. January CPI is expected to show core inflation rising to 0.3% from 0.2% MoM, while annual inflation may ease to 3.1% from 3.2%. Fed Chair Powell told Congress the Fed isn’t rushing to cut rates, citing economic strength and inflation risks. He warned that premature easing could stall inflation progress, while delays could harm growth. Markets also assess the impact of Trump’s latest tariff hike. From a technical perspective, the first resistance level is at 1.0400, with further resistance levels at 1.0460 and 1.0515 if the price breaks above. On the downside, the initial support is at 1.0275, followed by additional support levels at 1.0220 and 1.0180.
by ChartMage
Hedera Hashgraph: Target Zone AwaitsFollowing the recent sharp sell-off and the immediate rebound, Hedera Hashgraph’s HBAR has stabilized just above $0.20. Currently, the coin is attempting a small breakout to the upside. If HBAR manages to surpass the $0.39 resistance at this stage, the next impulsive move of the green wave alt. will begin earlier than primarily expected (33% likely). In our primary scenario, however, the price should still drop into our beige long-entry Target Zone between $0.17 and $0.08. There, the low of the green correction wave should be settled before wave can advance beyond $0.39.
BINANCE:HBARUSD
by MarketIntel
SOLUSDT Analysis – Potential Bullish Reversal📉 Current Market Structure: SOL is currently trading at $201.39, showing a downward trend that has reached a key support zone (highlighted in white). A descending trendline has been respected, but price action suggests a potential breakout. 📈 Bullish Scenario: A breakout above the descending trendline could indicate a trend reversal. If SOL maintains support and breaks above this level, the next key resistance zones to watch are around $295.90 and $332.53. The red arrow suggests a potential upward move if buyers step in. ⚠️ Key Levels to Watch: ✅ Support Zone: ~$190 - $200 ✅ Breakout Confirmation Above: ~$210 ✅ First Major Resistance: ~$295 ✅ Final Target: ~$330+ 🔎 Conclusion: If SOL successfully breaks above the trendline with strong volume, we might see a bullish move toward the next resistance levels. However, if the support zone fails, further downside may be expected. Keep an eye on price action and confirmation signals before entering a trade! 💬 What are your thoughts on SOL's next move? Drop a comment below! 👇
Long
by Tradeaione
DOT/USDT Weekly Analysis🔹 Key Resistance & Spot Trigger: The chart indicates a major resistance level around $10.465, where the price previously faced rejection. This zone acted as a spot trigger, leading to a sharp decline in price. 🔹 Price Action & Trend: After the rejection at the resistance, the price dropped significantly, aligning with the downward movement of the orange moving average. Currently, the market is testing a key support zone between $3.90 - $4.50. 🔹 Volume Analysis & Sales Pressure: The increase in sales volume suggests that sellers are still in control. However, if the price finds strong support in the highlighted box, we may see a potential reversal or accumulation phase. 🔹 Future Outlook: 📉 If the support fails, further downside towards lower historical levels is possible. 📈 If buyers step in, a recovery towards the $6 - $7 resistance zone could be expected. 💡 Trading Plan: Watch for bullish signals within the support area before entering a position. Confirmation via volume and candlestick patterns will be crucial.
by Tradeaione
what is happening to BTC right now ?! 🐺 "Hello, KIUCOIN family . I hope you're doing well. 🐺 In this analysis, I've decided to explain what's likely to happen to the BTC price in the immediate short term and the long term. Be sure to stay tuned with me until the end, as it's going to be mind-blowing." 🤯 "First of all, let's examine the monthly chart. In my opinion, this is one of the best timeframes, especially for this analysis, because it reveals extraordinary price targets. Let's dive into it : As you can see on the monthly chart , BTC is between two uptrend curves that have acted as support and resistance since 2015 . These curves are fairly strong, justifying their classification as strong support and resistance lines on the monthly timeframe. As you may already know, the higher the timeframe we examine, the more accurate results we can achieve. Therefore, the patterns on the monthly timeframe are much more accurate than those formed on the daily or even the weekly timeframe. In this case, we have a clear and perfect bullish flag pattern . This is a bullish pattern, and its main target, which aligns with our resistance line, is around $165,000. 🔥🐺🚀 So let's reveals more details for you dear 🐺KIUCOIN🐺 family : In the chart above, on the weekly timeframe, we have a clear AB=CD pattern . This is a well-known pattern in harmonic trading and, in my opinion, is quite accurate. Seven out of ten times, these patterns reach their targets, making them a valuable tool for traders . So I think there is another secret reason for us to pay attention to it : BTC.D As you can see in the chart above, BTC.D is currently within a symmetrical triangle, which could also be considered an ascending triangle in this case. It appears to be on the verge of breaking out. In my opinion, if BTC.D breaks through this resistance level, it could be incredibly beneficial for the BTC price , potentially leading to a significant rally up to $165,000. However, this could also be challenging for altcoins and ETH . While they might also experience pumps alongside BTC, these pumps are likely to be less substantial. After such a BTC-led rally, we could expect a massive altcoin and ETH season. So, stay tuned with me until that time, as we could potentially make life-changing money together during this market cycle. Now finally it's time to take look at the lower time frame : As you can see on the daily timeframe , if BTC breaks through the orange resistance line , we could consider entering a long position with a target of the previous all-time high. You could also take some profits at a predetermined level and set your stop at the entry point to protect your initial investment. The remaining position could then potentially continue to generate profits, leading to a higher target of $165,000. I hope you enjoy this idea dear KIUCOIN family , also always remember : 🐺 Discipline is rarely enjoyable , But almost always profitable 🐺
INDEX:BTCUSDLong
by Kiu_Coin
GOLD 4H CHART ANAYLSIS / BULLISH OR BEARISH? READ CAPTION PLZ4H Gold Analysis – 7th Feb 2024 Dear Traders, Today's market movement aligns with our strategy of buying dips. Here's a summary of key insights: Previous Chart Review (5th Feb) * Target 1 (2850.15) ✅ – Successfully hit * Target 2 (2876.95) ✅ – Successfully hit * Target 3 (2903.76) – Pending Key Resistance Levels Activated: 2850, 2876 Goldturn Levels Hit: 2852, 2828 What is next for Gold? Bullish or Bearish? * Price Action Expectation: Movement between Goldturn levels with EMA5 confirmation for trend direction. * Strategy: Monitor EMA5 crosses for trade entries. Bearish Case * If EMA5 stays below 2850, expect a retest of Goldturn levels. * Scenario 1: Below 2823, likely drop to 2803. * Scenario 2: Below 2803, expect 2776. * Scenario 3: Below 2776, target 2747 (major demand zone). Bullish Case * Scenario 1: Above 2852, target 2876 ✅ DONE * Scenario 2: Above 2876, target 2903. * Scenario 3: Above 2903, target 2925.85. Trading Strategy Short-Term: Use 1H/4H timeframes for pullbacks at Goldturn levels. Target 30-40 pips per trade for optimized risk management. Long-Term: Maintain a bullish bias, viewing pullbacks as buying opportunities. Avoid chasing tops; buy dips from key levels for better trade positioning. Trade with confidence and discipline. Stay updated with our daily insights to stay ahead. Support us with likes, comments, boosts, and follows! 📉💰 The Quantum Trading Mastery
FXOPEN:XAUUSDLong
by TheQUANTUMTraders