NAS100USD Will Go Lower! Short!
Here is our detailed technical review for NAS100USD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 21,471.9.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 20,314.7 level.
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.
Like and subscribe and comment my ideas if you enjoy them!
Chart Patterns
SPX500 Short to Support Area Greetings there traders here is my idea on SPX 500
I believe that the downward movement will continue within the correction (1 2 3). I expect wave “3” to start moving very soon.
I think that the nearest target is the area of 5716 level, because there is a strong support area.
We can see that the price is managing itself for a future Downtrend Movement.
Traders make your own analysis before trading.
I think we can soon see more fall from this range! GOOD LUCK! Great Sell opportunity for SPX500
I still did my best and this is the most likely count for me at the moment.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad!
EUR/USD: Be careful with last minute Holiday shoppingHello traders
My last idea worked out profitably. +85 pips.
We are entering the last 24-36 hours of meaningful trading. Keep in mind, the Asian markets may not be so invested in the Holidays and may take advantage of the low liquidity in the Western markets.
However, levels are levels, especially in the most liquid currency pair, EUR/USD.
Take a good look at the monthly levels and how it translate on the lower time frame charts.
I base most of my trades on monthly/weekly levels and fine tune it on the 1 to 4 hour charts.
Fundamentally, the USA finalized the spending bill. PCE came in a tad lower at 0.1%
As I have mentioned in my idea
the chaos is back in Washington D.C. even before the inauguration of the President elect
Elonald Trump. What happened this week is unconscionable. The blatant power struggle between Trump, Musk and our elected representatives in Congress has started. Mark my words, Trump will dump his unelected co-president sooner than later. He got elected and does not share the limelight with anyone. Remember how he broke hundreds of years of protocol and walked ahead of the late Queen Elizabeth 2nd during a State visit?
The other significant development was how 38 GOP members of the House defied Trump and voted against his instruction to raise the debt limit ceiling. With a razor thin majority in the House, Trump is going to have a hard time implementing his agenda, so fasten your seat belts.
All in all, the EURO is fundamentally weaker than the USD but investors do not like uncertainty. Just look at the strength of the JPY as a safe have when adverse geopolitical developments happen.
I initiated a short position from 1.0442 and will monitor the 1.0419 level if it breaks, down to 1.0384 level for another long position.
Best of luck. Happy Holidays.
Bullish rise off 50% Fibonacci support?DAX40 (DE40) is currently reacting off the pivot which acts as a pullback support and could rise to the 1st resistance.
Pivot: 19,665.45
1st Support: 18,980.32
1st Resistance: 20,494.80
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.
BEAT-COIN? (BTC PROBABLE MOVE)Alright, we seen expected price action movements to the downside (maybe not expected by some retailers Lol) and now there's a crazy number of questions being; one of it is where is it really going to end up before the new year? Well... I can't say for sure, I can only really predict the next price in short time.
In my chart above, I've marked out key infos; you can see the HTF point of interest taken from the 4H chart, where by candle wick; "price almost disrespected the fair value gap (had this happened by candle body, we would have an inversion gap that would be a support for a bullish move), but most encouraging (not for investors); price respected the 62%-79% fib levels which marked our O.T.E and it started dropping (potentially marking an end of the retracement move). But while I'm still a little skeptical about this vague movement all around, I moved over to the 15M timeframe for further forensics (Lol) as it may be beneficial to Currency, and perpetual traders. You would notice a liquidity sweep and if you draw a trendline liquidity from $92,149 up to the O.T.E level, you would see liquidity being taken out however you try to bend it; which may confirm our sentiment (but still not satisfied). I've marked out a key area in the chart that I expect should be broken, and if it is; we will have the market structure shift and look to take position. My next predicted price range is $95k - $89k.
SHARE AND FOLLOW FOR MORE!
For perpetual traders, I may leave analysis either on BINANCE:BTCUSDT.P or BYBIT:BTCUSDT.P
A Charting Lesson On How Market Tops StartSee this important lesson Amazon taught many greedy traders back in the epic DotCom bubble bust.
I'm afraid, a lesson to be taught once again to many new traders (or those with short memory).
Remember, all market tops start with innocent looking corrections...
#FIL/USDT Ready to go higher#FIL
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 4.70
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 4.87
First target 5.22
Second target 5.49
Third target 5.82
Hellena | Oil (4H): Short to support lvl 63.5 (Wave 3).Colleagues, the last forecast is still active, but I thought it was worth doing another one that will show more clearly what is happening now.
In my opinion, the price is still in wave “2” of low order, but in a three-wave correction.
This means that wave “2” (black, lower wave) should not update the level of 73.114, but it can update 71.695, although this condition is not necessary.
As a result, I still believe that the price will continue its downward movement, although it is in a prolonged correction.
There are 2 possible courses of action:
1) The riskier one is to open a short position on the market.
2) Conservative - wait for the price to rise, and enter with less risk.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Traders BEWARE! Extreme Volatility In 2025-26. LOOK OUT!I just completed a deep dive into my Adaptive Dynamic Learning modeling system, and I'm here to tell you that 2025 and most of 2026 will be highly volatile.
If you do not attempt to stay ahead of these market trends, you could suffer a loss of 35% to 45% (or more) over the next 18 months or more.
If you want to learn how to navigate these trends, I suggest you find someone you trust to help you identify the best opportunities for your investments and trading.
This is no joke.
This is the type of event that destroys trader's accounts and disrupts global economies.
If you are not prepared for this, get busy trying to find someone to help you.
Merry Christmas. Buckle up.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Potential bullish rise?S&P500 is reacting off the pivot and could rise to the 1st resistance.
Pivot: 5,869.57
1st Support: 5,707.08
1st Resistance: 6,093.53
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.
Deepak Nitrite Ltd's (DEEPAKN) technical analysisDeepak Nitrite Ltd's (DEEPAKN) technical analysis shows daily price movements. Here's a summary of the key insights:
Price Action and Trend:
The stock price is consolidating within a triangular pattern, suggesting a possible breakout or breakdown in the future.
A strong support level is evident near ₹2,454.60.
Resistance is marked at multiple levels, with a highlighted "Strong Resistance Zone" around ₹3,023 to ₹3,150.
Fibonacci Levels:
Fibonacci retracement levels are drawn from a previous significant swing low to high:
0.5 Level: ₹3,023.50 (a key resistance level).
0.618 Level: ₹3,157.75 (another potential resistance zone).
Targets:
Target 1: ₹3,150.95 (based on Fibonacci 0.618 level).
Target 2: ₹3,594.70 (prior high or 1 Fibonacci level).
Target 3: ₹4,271.95 (extension at 1.618 Fibonacci level).
Strong Resistance Zone:
The shaded region indicates a historically strong resistance zone, where the price has struggled to break above in the past.
Outlook:
If the price breaks above the resistance zone, it could aim for Target 1 and potentially higher targets.
A breakdown below the triangle's lower trendline or ₹2,454.60 could lead to a bearish scenario.
Fartcoin/UsdtBITGET:FARTCOINUSDT
🚨 **Fartcoin Price Update**:
Currently, **Fartcoin** is holding support at **0.4000** and **0.4764**. These levels are crucial for the price to stay above in order to maintain its momentum. 📉
⏳ **Wait for Retest**:
If you're interested in trading, it might be wise to wait for a **retest** of these support levels. If the price holds at these levels and doesn’t fall through, it could be a good entry point. 📊
🔮 **Future Resistance Levels**:
Once Fartcoin tests and confirms support, we can look out for **resistance levels** to be posted later, similar to how **Degen Coin** behaves. 🚀 These resistance levels will be important to monitor as the price moves upward. 📈
⚠️ **Not Financial Advice**:
Remember, this is not financial advice, just sharing insights. Always do your own research before making any decisions. 💡
EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.478 area.
✅LIKE AND COMMENT MY IDEAS✅
XRP – Bullish Flag Pattern Suggests Further Upside PotentialTechnical Overview:
Bullish Flag Formation: XRP is consolidating within a bullish flag pattern, typically indicative of a continuation of its prior uptrend.
Previous Rally: After surging from $0.60 to nearly $2.80, XRP has demonstrated strength by consistently holding support above $2.40, signaling accumulation rather than distribution.
Key Levels to Watch:
Breakout Point: A breakout above the flag's upper trendline, accompanied by increased volume, could confirm the bullish setup.
Targets:
Initial target: $3.00-$3.20, aligning with measured moves from the flag pattern.
Longer-term potential: Continuation above $3.20 could open doors to further price discovery.
Supporting Factors:
Long-Term Base: XRP’s breakout earlier in 2024 from a long-term base adds strength to the current bullish setup.
Volume Confirmation: Increased trading volume during the breakout would validate buyer interest and bolster the bullish case.
Risk Management:
Key Support: Maintaining support above $2.40 is critical for the bullish thesis. A breakdown below this level could signal invalidation of the pattern.
Conclusion: XRP's bullish flag pattern indicates potential continuation of its prior uptrend. A breakout above the flag's trendline with volume confirmation could set sights on $3.00-$3.20 and beyond, reinforcing Ripple’s strong bullish potential heading into 2024.
XAU/USD "GOLD vs US Dollar" Metal Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the XAU/USD "GOLD vs US Dollar" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a short trade at Pullback 2,640 / 2,650 / 2,660
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest high level.
Goal 🎯: 2540.00 or Before
Scalpers, take note : only scalp on the Short 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 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖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 🫂
EURCAD POSSIBLE SELLThe market is currently testing the current Weekly 0.786Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern via price action.
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.
#NIFTY Intraday Support and Resistance Levels - 23/12/2024Gap up opening expected in nifty near the 23800 level. After opening if nifty sustain above 23800 then possible upside movements upto 24000. 24000 level will act as a strong resistance zone for today's session. Possible nifty will reversal from this level upto the 23800 and this can be extend for further downside rally upto 23500 if nifty starts trading below 23750 level.
USDT Dominance Chart Analysis !4.50%–4.60% (orange zone): This level represents a crucial resistance zone, where previous upward moves have stalled. A breakout above this level will signal bullish momentum in USDT dominance, increasing risk-off sentiment in the market.
Primary Support: 4.10%–4.20%
This zone acts as a near-term support level. A breakdown below this could lead to a further decline in USDT dominance.
Secondary Support: 3.80%–3.90%
This is a crucial demand zone, where buyers have historically come forward. If the price reaches this zone, it could signal a reversal.
The 21-period MA (thin line) and 200-period MA (thick green line) are important indicators to watch. USDT dominance is trading near the 21 MA, while the 200 MA is below, indicating potential support.
Symmetrical Triangle Formation:
USDT dominance is consolidating within a triangle pattern. A break on either side (up or down) will determine the next significant move.
Upside Breakout: This could lead to a retest of the 4.50%-4.60% area.
Downside Breakout: This could lead to a decline towards the 4.10%-4.20% support, with a possible continuation towards the 3.80% area.
DYOR, NFA
@Peter_CSAdmin
PBID - CUP-COMPLETION CHEATIDX:PBID (3C)
14-10-2024
(+):
1. Low risk entry point
2. Volume dries up
3. Price above MA 50 > 150 > 200 over 10 weeks
4. Price is within 25% of 52 weeks high
5. Price is over 30% of 52 weeks low
6. 200 day MA trending up over 1 month
7. RS Rating is over 70 (86)
(-):
1. Not really in Stage 2-a uptrend
2. No big volume on the breakout
Market Analysis: Gold Price Faces HurdlesMarket Analysis: Gold Price Faces Hurdles
Gold price started a fresh decline below $2,665.
Important Takeaways for Gold Prices Analysis Today
- Gold price climbed higher toward the $2,665 zone before there was a sharp decline against the US Dollar.
- A key bearish trend line is forming with resistance near $2,632 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at FXOpen, the price recovered above the $2,650 resistance. The price even spiked above $2,665 before the bears appeared.
A high was formed near $2,665 before there was a fresh decline. There was a move below the $2,650 support level. The bears even pushed the price below the $2,620 support and the 50-hour simple moving average.
It tested the $2,580 zone. A low formed near $2,582 and the price is now showing bearish signs. There was a minor recovery wave above the 50% Fib retracement level of the downward move from the $2,664 swing high to the $2,582 low.
However, the bears are active below $2,650. Immediate resistance is near $2,630 and a key bearish trend line at $2,632. It is close to the 61.8% Fib retracement level of the downward move from the $2,664 swing high to the $2,582 low.
The next major resistance is near the $2,665 zone. The main resistance could be $2,675, above which the price could test the $2,700 resistance. The next major resistance is $2,720.
An upside break above the $2,720 resistance could send Gold price toward $2,750. Any more gains may perhaps set the pace for an increase toward the $2,770 level.
Initial support on the downside is near the $2,605 level. The first major support is near the $2,580 level. If there is a downside break below the $2,580 support, the price might decline further. In the stated case, the price might drop toward the $2,550 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.