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USDJPY Approaching The 150 LevelHi Traders! USDJPY is approaching the 150.00 psychological level for the first time this year as the US dollar's strength continues. Here are the details: The trendline support on the 1W timeframe has held perfectly, and the market swings with higer highs and higher lows continues. The market has also broken above the 20 EMA this week, and we are looking for a close above it to continue the bullish momentum. The plan here is to buy dips near the 20 EMA if possible to target the 150.000 psychological level. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance 1: 150.000 Resistance 2: 151.946 Support: 143.424 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
USDCAD Approaching Monthly HighHi Traders! USDCAD is approaching its monthly high, and there are opportunities for long entries to target the monthly high. Here are the details: The first resistance at 1.34146 (which will now act as support) has just been broken, and the next targert looks to be the second resistance at 1.34430, which is also the monthly high. We are looking for 1.34146 to hold as the new support. The plan here is to buy dips around this level to target levels near 1.34430. As 1.34430 is the monthly high, there is likely to be strong selling pressure at this level. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance (MONTHLY HIGH): 1.34430 Support 1 (PREVIOUS RESISTANCE 1): 1.34146 Support 2: 1.33433 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
Bitcoin: Close Call 🤏Because of Friday’s sharp sell-off, we now consider it to be 45% likely that Bitcoin will reach our turquoise Target Zone between $40 323 and $35 374, after all, to establish the low of wave alt. (iv) in turquoise. For this alternative scenario, the support at $41 445 acts as a validation mark, which means that if the price slips significantly below this mark, we would make this scenario the new primary expectation. In this case, the Target Zone described can be used to build up (further long) positions. However, the price remains above the support level of $41 445 – and our primary expectation remains unchanged. In this scenario, we see Bitcoin imminently generating momentum to the upside again to drive the wave (v) in turquoise – which is already underway in this scenario - further north and thus ultimately bring the higher-level wave 3 in green to a close.
BINANCE:BTCUSDLong
by MarketIntel
#Bitcoin bearish breakout of very important trendline We can clearly see in this chart that the price has reached the upper boundary of a bullish channel, where it would encounter selling pressure. As a result of this selling pressure, the price on Friday, January 12th, formed a bearish impulsive candle. Following this candle, it managed to break below the short-term bullish trendline that the price had respected in the last few months. The bearish breakout of this trendline is a second signal, after the rejection from the bullish channel, that we might see further bearish movement in Bitcoin. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
BITSTAMP:BTCUSDShort
by mohemati
Gold: Recovery? ❤️‍🩹Since yesterday, gold has been moving slightly higher. We're therefore one step closer to fulfilling our primary expectations. We still expect the price of the precious metal to rise further in the course of the turquoise wave B, and the upcoming high should be well above the 4th December high. However, it could also be that the price has already placed the high. This alternative scenario comes into play if the price falls below the support level of $1935 and has a probability of 40%.
COMEX:GC1!Long
by MarketIntel
EURUSD Price RejectionHi Traders! EURUSD has had double price rejection at the resistance, and there are shorting opportunities near the resistance to target support levels below. Here are the details: There is double price rejection at the 1.09986 level, which tells us that bearish demand is currently too strong in this area. We are looking for a momentum price break and a close below the 20 EMA. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.09986 Support 1: 1.09102 Support 2 (monthly low): 1.08770 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
S&P500: On the hunt for an all-time high 🏹The S&P is currently pushing back towards a new all-time high in small steps. In the yellow sub-structure of the superordinate wave (i) in turquoise, we see the index continuing to rise. If the top could then be formed in this movement, we expect a wave (ii) correction. On the other hand, a different count would prevail if the price slips below the support at 4548 points, which we consider 38% likely. At present, we still lack the momentum on the upside to make this alternative irrelevant.
CME_MINI:ES1!Long
by MarketIntel
AUDUSD Possible Pennant BreakHi Traders! There is a potential bearish pennant break on the AUDUSD. Here are the details: Price is currently on the 20 EMA, and with market swings with lower highs and lower lows, the price action suggests that this is a bearish setup. We are looking for the market to target the trendline support with a possibility of a break below to target levels near the monthly low at 0.66406. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 0.62748 Support: 0.66406 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
Natgas: Dive in! 💦With its recent high, the Natgas price should have established the high of the blue wave (iii) and is now in an intermediate correction of the blue wave (iv). We have already drawn a target zone between $3.02 and $2.90 where the price should now dip deeper and reverse. Following the low of this move, it should then go beyond $4 again before the magenta wave iv is completed. However, there is also a 25% probable alternative, which already places the price in the last leg of the white wave alt. (c). In this context, the price would fall below the support level at $2.23.
NYMEX:NG1!Long
by MarketIntel