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Dailyforecast

NZD/JPY Daily Setup The NZD/JPY currency pair is currently experiencing a healthy pullback following a significant decline of 1600 pips over the past 26 days. My key area of interest is around the 89.950 level due to several converging factors. These include a rejection point at 89.948, an ascending trendline originating from August 2023, the 0.786 level on the daily Bearish Fibonacci retracement, the psychological round number of 89.950, a descending trendline that started in March 2024, and the overall market structure. Regarding the JPY Basket, it is also undergoing a pullback after advancing 38% over the last 25 days. I anticipate that the JPY Basket will react and potentially face rejection around the 6437 level.
Short
by ChartStrategist
DAILY FOREX MARKET WATCH: SILVER IS BULLISH!Silver is the market analyzed. After respecting the W +FVG, a bullish BOS followed. The D1 shows another +FVG was formed, a bullish indication. I am looking for the D1 +FVG to be tested before price heads higher. It would be a great POI to long from. If you like the video, give a thumbs up and subscribe! And thanks! May profits be upon you. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX_MINI:SIL1!Long
by RT_Money
EURUSD DailyCan I just say WOW at the rejection at the 200MA ?!? Honestly this is playing out how I would like to see the market. I recognize a price action candle, the shooting star. The shooting star often occurs when the market is buying and begins to react at some level of resistance. I am identifying my level of resistance as the 200MA. I would like to see todays candle (11/16) to close as an engulfed candle. ONLY IF todays candle close with momentum, the market is likely to continue to sell… But as of right now, I am going to sit on my hands and continue to watch the market form.
by Vanaaad
BTC SHOWING SOME BULL RETRACEMENT BTC is holding the price at the major support not closing below the major monthly support, he tested it and moved below and returned back to the support price which shown that BTC may actually be trying some retracement of some bullish if the bearish impulse fails in the next coming days. My advise for those that are willing to invest on BTC should start investing some spare i mean small of their capital, and if it drop they should also invest more before the next bull move is goint to start
by wakaman
2
XAUUSD (GOLD) 4H ForecastFactors to watch for gold price action-  Global stock market- Bearish (Positive for gold) US dollar index –Bullish (negative for gold) US10-year bond yield- Bullish (negative for gold) Technical: The near–term support is around $1780, violation below targets $1750. Significant reversal only below $1750.The yellow metal facing strong resistance $1820, any violation above will take to the next level $1835/$1860/$1877$1912 is possible DISCLAIMER: ((trade based on your own decision )) <>
OANDA:XAUUSDLong
by Goldsignal75
Gold Extends GainThe gold climbed further at the beginning of the week, following a strong bullish rebound from last week. By now, there are multiple breakouts of falling trendlines and highs which also resulted in the formation of higher lows and higher highs. We will wait for an opportunity to buy the pullback, expecting the price to retrace to 1755 - 1750 demand level. If it goes beyond it will be back to 1745. Otherwise, a bullish continuation will see the price to 1780 supply level.
FX_IDC:XAUUSDLong
by AlgoVenture
Is NASDAQ Out of the Wood?Nasdaq along with other US stock indices has been recovering a big chunk of losses since last week. However, obviously, we are not out of the wood, and if we ain't, do we sell or wait? There's still a pretty good chance we see the market tank for a second time and one of the reasons is that the pullback is still well lesser than 10%. If you go back and look at every major pullback up to early 2020, you would have realized every major pullback went well over 10% Another consideration is the current fundamentals are different as well - we now have a serious risk of inflation while back then we don't and the market has a lot to pump the stock market with their stimmy checks from the Fed. Right now, we are seeing a probably M formation in the making, a formation of a bearish bat completed and just nicely seated between the Fibo levels of 61.8% and 78.6%. Well, this trading could go wrong as far as the stock market is concerned, I think we do have a valid trade setup to sell with low risk and high reward ratio. Besides, the price is considerably high if we based on the entire range of the market as marked out with a channel.
UShort
by AlgoVenture
Let's Sell Oil at Range TopOil rebounded and recovered losses from last week but is once again resisted at the top of the entire symmetrical triangle. Commodity prices have been somewhat cooling off a little as China clamps down on hoarding of supply which could somewhat cool off the oil market for a short while. Traders may consider selling at the range top now with very limited risk on the upside and a pretty good reward if it goes down even to the equilibrium level just below 64.
TVC:USOILShort
by AlgoVenture
Gold Channeling Out of Another ChannelGold has been rising within a 1.5-month rising channel and the top of the channel was somewhat breached earlier this week. However, gold struggled to make another jump as it was actually resisted at the top of another rising channel that's channeling out of the 1.5-month channel. By now, it is obvious that the gold is currently in the process of consolidation, and based on what we've seen, it is very likely that the price will take a little dive before it shoots back up just like a person diving into the bottom of a pool and resurfaces. We can still consider buying some on every pullback but we now target 1856 as the best price to buy.
FX_IDC:XAUUSDLong
by AlgoVenture
Bitcoin. Explosive move ahead? Hello Everyone, Bitcoin is starting to look more promising as my previous analysis have shown some weakness with price action and waning selling momentum. If we close above $60,000 this week, I do believe we will continue higher. Here are my technicals: 1. Weekly volume is starting to increase as price increases. This is confident bullish price action. 2. $60,000 held as a support line on our daily and it appears to be mostly wick which implies a buy-up or accumulation. 3. Weekly RSI has some room to grow before we hit the top of the trendline. 4. Daily Inverted Head and shoulders is very clear with the several closes above the $60,000 neckline. So I would like to see some things happen before we end this week. Obviously the most important would be holding the $60,000 support line. I believe closing above this once massive resistance, will provide a major support area in which accumulation will occur. I also would like to see any small drops near $60,000 be bought quickly with volume. This indicates investor interest and more accumulation. My targets are anywhere between $68,000 to $78,000 it just depends on what my indicators and gut are telling me. As always, manage your risk, be patient, and good luck trading.
COINBASE:BTCUSDLong
by RomanXIV