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4-hr US100: 700 Points Drop on the RadarFollowing the formation of a Double Top pattern at the 21,930 level last Friday, the NASDAQ has experienced a significant decline, plummeting by nearly 800 points. This downturn has been primarily driven by unfavorable manufacturing data emerging from China, alongside the Bank of Japan's unexpected interest rate hike on Friday. The market reaction closely resembles the Yen carry trade unwind observed in August of last year, as investors are swiftly reallocating capital from high-risk assets such as equities to traditionally safer alternatives. The Japanese Yen, recognized as a classic safe-haven asset, has seen increased demand amid the current market uncertainty. From a technical perspective, the US100 index currently exhibits an oversold condition, as indicated by the Relative Strength Index (RSI). However, the prevailing downward momentum remains robust, suggesting that a potential reversal may not be imminent. The price action has decisively breached multiple Fibonacci retracement levels in succession and is now approaching the critical 61.2% retracement level. Historically, this level has acted as a strong and final support zone. Should this support level fail to hold, further declines towards the 20,500 threshold and potentially lower levels should not be ruled out. Market participants should exercise heightened caution, as the Federal Reserve is scheduled to convene this Wednesday, with an anticipated decision to maintain interest rates. This forthcoming announcement is likely to exert additional downward pressure on the US100 index. Nevertheless, given the sharp recent declines, short-term corrective pullbacks to the upside remain plausible. In light of the current market conditions, a prudent trading approach would involve entering short positions only after the NASDAQ convincingly breaches and closes below the 61.2% Fibonacci retracement level, thereby confirming further bearish sentiment.
SKILLING:US100Short
by Trendsharks
Don't be fearful! Higher low forming on BTCIn order for market structure to remain bullish and this range to not continue, we want to see BTC form a higher low. Around the usual formation or a higher low (golden pocket fib) we have significant support. Huge volume gap, daily supply zone and deviation from local range fib levels. We are also likely having a takeout to the downside of the recent triangle pattern that BTC has been within, taking all the sell side liquidity and using that to fuel longs.
Long
by JoshShayesteh
XAUUSD WANT SELL TREND ? LETS SEE (READ CAPTION)📉 XAUUSD Forecast & Key Levels In the H1 time frame, XAUUSD has rejected its higher-high monthly resistance and formed a strong selling candle, indicating potential bearish movement ahead. 🔄 Key Levels to Watch Resistance Zone: 2785 (Major rejection point) Support Zones: First Support: 2745 Bearish Targets: 2720 and 2705 🔍 Technical Outlook Selling Momentum: The rejection from 2785 has confirmed bearish pressure. A breakdown below 2745 could accelerate the move toward 2720 and 2705. Watch for Pullbacks: Any retest of the 2785 resistance zone could provide additional selling opportunities for traders.
OANDA:XAUUSDShort
by ALBERTGOLDHUNTER
Analysis of gold market trend on Monday Analysis of gold news: Spot gold fluctuated and fell in early Asian trading on Monday (January 27), and is currently trading around $2,757/ounce. Gold prices continued to rise by 0.6% last Friday (November 24), reaching a high of $2,785.86/ounce during the session, just one step away from the historical high of $2,789.95, closing at $2,770/ounce, up 2.5% on a weekly basis, the fourth consecutive week of gains, as uncertainty about US President Trump's trade policy has caused the dollar to lose momentum, thereby boosting demand for safe-haven gold. The dollar fell 0.63% on Friday to close at 107.46, with a weekly decline of 1.77%, marking its worst weekly performance in more than a year. People expect that the tariffs imposed by U.S. President Trump will be lower than previously feared and are unlikely to Triggering an international trade war. In addition to the Fed's interest rate decision, this week will also release the US December durable goods orders monthly rate, the Bank of Canada's interest rate decision, the European Central Bank's interest rate decision, the US fourth quarter GDP data, and the US December PCE data. It can be said to be a super week, and investors need to make position adjustments in advance. The survey shows that most analysts and retail investors tend to be bullish on the trend of gold in the next week. Gold technical analysis: Gold closed higher last week, approaching the previous high of 2789, and then paused slightly in the small cycle near 2785. The overall weekly K-line closed at a high level. The overall rhythm of last week was a unilateral step-up, which was relatively stable, with a step back, but the overall upward trend was good. Although it surged on Friday, it formed a small hammer-shaped positive line with an upper shadow line. The overall trend showed signs of adjustment. Therefore, we should not chase the bullish trend and consider it when it falls back. As for the short position, it is unreasonable not to go short when it is close to the new high. From the current market, the upper pressure has moved down to the 2783 line. Gold fell back under pressure from the historical high on Friday. Gold fell. Without breaking through the historical high pressure, gold rebounded in the early Asian trading and continued to go short. The gold 4-hour chart is a step-by-step oscillatory upward channel. With the release of space, the volume energy is slightly weakened, which may be accompanied by a wash-like consolidation and correction move, and it will turn back step by step. It will accumulate momentum to recover and rise again. Combined with the weekly closing, there should be an inertial rise this week. However, after breaking through the high, the indicator in the attached picture will enter a high level, and there will be a need for correction. At that time, it will depend on the correction method in the market, whether it is a strong consolidation correction or a deep correction. The two methods should be combined with the intraday pattern. Different layouts, strong consolidation correction or sideways and then higher, deep retracement correction. It is easy to go back and forth and then rise after washing losses, which is more challenging to grasp the entry point. Try to be more prudent at the beginning of this week and set the time after the European market. Gold rose and fell in 30 minutes. Gold opened directly with a gap in the morning. The strength of gold bulls began to be insufficient. The resistance above gold still suppressed the rise of gold. Gold continued to go short at highs under the pressure of the historical high of 2790 in the morning. Gold rebounded near 2780 and could be shorted first. If gold falls below 2763, gold shorts will continue to exert force. The market is changing rapidly. Since gold cannot break through the historical high in one fell swoop, it is still difficult to break through directly in the short term. Gold will continue to be short after rebounding in early trading. On the whole, our professional and senior gold analyst team recommends rebounding shorting as the main strategy for short-term gold operations today, and callback longing as the auxiliary strategy. The short-term focus on the upper side is 2772-2777 resistance, and the short-term focus on the lower side is 2745-2740 support.
FOREXCOM:XAUUSD
by Caesar_Gorman01
Falling towards pullback support?DAX40 (DE40) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 20,446.03 1st Support: 19,673.96 1st Resistance: 21,471.10 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:DE40Long
by ICmarkets
SILVER POSSIBLE SELL?The market is currently testing the current WEEKLY 0.5 & 0.618 Fib area. Based on DAILY & 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal. We could see SELLERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
OANDA:XAGUSDShort
by WiLLProsperForex
AUD/USD "The AUSSIE" Forex Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the AUD/USD "The AUSSIE" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉 Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated at any price level. However I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level. Goal 🎯: 0.63800 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Fundamental Outlook 📰🗞️ The AUD/USD pair is looking interesting right now, with some mixed signals from the latest analysis. On one hand, the pair has stabilized at its horizontal support area, which could lead to a bullish continuation, with the price potentially breaking above the range's resistance. On the other hand, some experts are warning of a potential reversal, with the pair showing signs of exhaustion and a possible shift in momentum. In terms of fundamentals, the Australian Consumer Inflation Expectations for July increased 6.3% annualized, while the Australian Employment Change for June came in at 88.4K and the Unemployment Rate at 3.5% . The US Initial Jobless Claims for the week of July 9th are predicted at 235K, and US Continuing Claims for the week of July 2nd are predicted at 1,383K. The US PPI for June is predicted to increase 0.8% monthly and 10.7% annualized. The forecast for the AUD/USD turned bullish after the pair stabilized at its horizontal support area, with short-term volatility likely to rise as bulls and bears fight for control. However, the Ichimoku Kinko Hyo Cloud continues to apply downside pressure, suggesting a rocky path higher. Traders should monitor the CCI after it has formed a positive divergence in extreme oversold territory followed by a breakout above -100. Overall, it's a bit of a mixed bag, but the bullish scenario is gaining traction. The AUD/USD pair could move in a bullish direction. BULLISH FACTORS: Strong US Economy: A strong US economy could lead to an increase in demand for the US dollar, which could put upward pressure on the AUD/USD pair. Interest Rate Differentials: The interest rate differential between the US and Australia is expected to remain positive, which could support the US dollar and put upward pressure on the AUD/USD pair. Commodity Prices: A rise in commodity prices, particularly iron ore, could put upward pressure on the Australian dollar and support the AUD/USD pair. Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
USD/CHF Poised for a Bullish Breakout: Path to Parity Bullish Scenario 🚀📈 1. Breakout Above the EMA (200) 🔺: If the price closes above the 200-week EMA (0.9082), it could confirm a long-term bullish trend reversal. A strong push may target key levels like 0.9500 and eventually 1.0000 (parity) 🎯, as shown by the projection arrow. 2. RSI Support 💪: The RSI above 50 indicates that buyers are gaining momentum. If RSI trends toward 70, it signals even stronger bullish momentum ✅📊. 3. Higher Highs and Higher Lows 📶: The chart is forming higher highs and higher lows, a classic signal of an uptrend. This pattern supports a move toward higher price levels 🚀. 🔥 Key Takeaway: A breakout above the EMA could spark a powerful rally, with parity (1.0000) as a major psychological target.
Long
by MrStellanSight
#202504 - priceactiontds - weekly update - daxGood Evening and I hope you are well. comment: By full bear mode I don’t mean you just short 21394 and hope for the best. You wait for selling pressure first. Friday we got some decent selling pressure to the 1h 20ema which held since Tuesday. I expect another leg up first before we break below 21300. We have left behind 4 consecutive bull gaps and on Friday we saw the first one close immediately. This buying was as climactic and unsustainable as it get’s and having those this late in a trend is more often the end than the beginning of a new leg up. Can this go to 22000 before it goes to 20000 again? 10% if you ask me but that’s just a guess and as good as anyone’s. current market cycle: Bull trend (very climactic move last week, market needs to take a breather or will outright crumble again) key levels: 20500 - 21800 bull case: Bulls are in full control. This has not changed since the big breakout on Wednesday. They are still trading above the 1h and higher tf 20ema and until we break below, they remain in full control. Problem for the bulls is the climactic unsustainable nature of the move, very late in a trend. Everyone know’s it’s a suckers rally/short squeeze but that does never matter and they can just continue higher. We could easily test down to 20500 with a quick 1-3 day move, so bulls need to think about taking profits. Many will exit when market begins to stall because the up move was basically down above the 1h 20ema and once we break below, that premise is gone and I doubt many want to risk 500 points in hope to print 22000. Invalidation is below 20500. bear case: Bears know that the dax has not been this expensive for 25 years and want blood. The odds are decent that we go down at least 2000 points over the next weeks and bigger bears begin to scale into shorts at this high because the market broke above 2 bullish patterns and the odds of that happening this late in a trend are low. Bears finally closed a gap and now they need follow-through below the 1h 20ema. First target is to retest the high of the previous gap 21162 and see if bulls want to defend it. There is also the 4h 20ema around that price and those will be 2 big magnets early next week. My preferred path forward would be a very quick move down to 20500 to retest the breakout price and the bull trend line. There I expect buyers to come around big time. Invalidation is above 22200. short term: Neutral if we stay above the 1h ema. Once below, I want to see 21162 and then 21000. If we stay above, I will long scalp for 21500 and maybe 21600 and will look for shorts there. medium-long term from 2024-01-25: No more bullish talk. Full bear mode. current swing trade: Soon. chart update: Marked new targets for both sides.
XETR:DAX
by priceactiontds