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Forexmarket_nejcsignals

GBPUSDThe chart shows British Pound (GBP/USD) on a 4-hour timeframe, with key levels of support and resistance, and an area of Fair Value Gap (FVG). Here’s the detailed analysis: Key Observations: 1. FVG (Fair Value Gap): - The chart highlights two FVG zones. One is located above the current price, indicating a gap in price action that could act as a resistance level. The price has recently failed to break this upper FVG, suggesting possible selling pressure around this level. - The second FVG zone is below the current price level, around 1.29314, which is acting as a potential support zone. This suggests that the price might retrace toward this level before continuing its movement. 2. Price Action: - The price action shows a rejection near the upper FVG zone, leading to a potential retracement towards the lower FVG zone. This is a typical market behavior where after an initial move, the market often retraces to fill the FVG before continuing in the same direction. - The price is currently sitting near 1.29461, which is just below the upper FVG and might act as a level of resistance. If the price holds below this level, it could continue moving downward to 1.29314.- The target is marked at 1.29314, which is just above the lower FVG zone. If the price retraces toward this level, it could find support and potentially reverse its trend to the upside. 4. Volume: - The volume bars at the bottom show that there is decreasing volume during the upward movement and a spike in volume during the recent price pullback. This may indicate that there is increased selling pressure at the upper FVG zone, which could lead to further downside movement. Potential Scenarios: 1. Bearish Pullback: - The price is currently facing resistance near the upper FVG zone, and a retracement to the lower FVG zone at 1.29314 is likely. If the price tests this level and holds, it could provide a strong buy signal for the next bullish move. 2. Bullish Reversal: - If the price retraces to 1.29314 and shows strong buying pressure (such as a bullish candlestick pattern or an increase in volume), it could continue its bullish move towards the upper FVG zone and potentially higher levels. 3. Breakdown Below Support: - If the price fails to hold the 1.29314 support and breaks lower, it may continue its downward movement toward further support levels below 1.2900. Conclusion:
Short
by Joan_Pro_Trader
BTCUSD TARGET SUCCESSFUL DONEThe chart shows Bitcoin (BTC/USD) on a 1-hour timeframe, with a bullish breakout and a clear upward movement in price. Here’s a detailed breakdown: Key Observations: 1. Price Action & Bullish Trend: - The price shows strong bullish momentum after breaking out of a descending channel, where it was previously moving in a downward direction. - The chart shows a breakout above the resistance level marked by the upper blue trendline of the descending channel. After this breakout, the price surged sharply, signaling the start of an upward trend. 2. FVG (Fair Value Gap): - The FVG (Fair Value Gap) area is marked around the 84,000 level. This gap represents an imbalance in price action, where there may have been a lack of price discovery. - The FVG can act as a support zone. If the price retraces back toward this level, it may find support and continue the bullish movement toward the target. 3. Target: - The target is set at 86,134, indicating the price goal for the current bullish move. After the breakout above the descending channel, the next resistance zone is at this level, which could be a key point to monitor for possible profit-taking or reversal.- If the price moves towards the target, a breakout beyond this level would signal further upside potential. 4. Volume: - The volume has been increasing during the upward price movement, suggesting that the buying pressure is strong and that the trend may continue if the volume remains elevated. Potential Scenarios: 1. Bullish Continuation: - The price has recently broken out above the resistance trendline, and if it holds above the FVG zone (around 84,000), the bullish momentum could continue. The next key target is 86,134, and if this level is breached, further upside could be expected. 2. Retracement and Buy Opportunity: - If the price retraces back toward the FVG zone at 84,000, traders may consider entering long positions, with a possible target at 86,134. A bounce off this level could provide confirmation that the bullish trend is intact. 3. Breakdown Below Support: - If the price fails to hold above the FVG zone and breaks below 84,000, the bullish thesis may weaken, and the market may consolidate or reverse.
BITSTAMP:BTCUSDLong
by Joan_Pro_Trader
BTCUSD UPWARD TREND UPCOMING READ IN CAPTIONS BULLISHThe chart shows Bitcoin (BTC/USD) on a 1-hour timeframe, displaying a clear bearish channel with an expected reversal towards higher levels. Here’s the detailed analysis: Key Observations: 1. Bearish Channel: The price is currently inside a bearish channel marked by blue trendlines, where the price has been making lower highs and lower lows. This indicates that the current trend is bearish, but there are signs of a possible reversal at certain levels. 2. FVG (Fair Value Gap): The FVG (Fair Value Gap) zone is marked just above the support, suggesting an area of imbalance in market orders. The price is expected to fill this gap before continuing its bullish move. If the price stays above this gap, it could act as a support level. 3. Order Block: An order block is indicated at the top of the chart, suggesting that the price could potentially face resistance in this area. If the price manages to break through the resistance at this level, the bullish momentum could intensify. 4. Target: The target is set at 86,134, which is just above the current price level. If the price manages to break through the upper boundary of the channel and fill the FVG, it could move toward this target.5. Price Action: The price is currently bouncing around the FVG area, indicating that buyers may step in here, creating a potential opportunity to go long. The next step is to watch for a breakout above the resistance zone to confirm the continuation of the bullish move toward the target. Conclusion: The chart suggests that Bitcoin is currently in a bearish channel but could soon reverse if the price holds above the FVG zone around 84,100. A bullish breakout above the order block would likely lead to an upward movement, with the target at 86,134 in sight. Traders should monitor price action around the FVG gap and the order block for potential entry points.
BITSTAMP:BTCUSDLong
by Joan_Pro_Trader
1
Xauusd Trap to Sellers but Strong upward bullish Trend soonThe chart displays Gold (XAU/USD) on a 1-hour timeframe, showing a bullish trend with a defined upward channel. Here’s the breakdown: 1. Bullish Momentum: The price is following an upward trend within an ascending channel, indicating that the bullish momentum is strong. The target is set at 3060, suggesting that the price is expected to reach this level if the upward movement continues. 2. Order Block: The order block is identified at the top of the channel, which represents an area of significant buying interest. If the price pulls back to this order block, it could serve as a key support level and a potential area to enter long positions. 3. FVG (Fair Value Gap): An FVG zone is marked around 3043. This zone indicates an imbalance in market orders and may act as a support level for a price pullback before continuing the bullish trend. The FVG gap needs to be filled, and a price move back into this region may offer opportunities for buying. 4. Price Action: The price is currently testing an important support zone within the channel and the FVG. If the price holds above this zone, the bullish trend is likely to resume toward the target of 3060.5. Target 3060: The 3060 level is the primary target for the current bullish trend. If the price successfully breaks above the current resistance levels, the market could continue upward toward this price point. Conclusion: The chart shows a bullish outlook for Gold, with a potential target of 3060. Watch for a possible pullback to the FVG gap around 3043, which could provide an opportunity to enter long positions. If the price holds above this level, the bullish momentum will likely continue, reaching the 3060 target.
FX:XAUUSDLong
by Joan_Pro_Trader
oil trap two seller but bullish soonThe chart shows WTI Crude Oil (CFDs) on a 1-hour timeframe, with a clear bullish momentum currently in play. Here’s a detailed breakdown: 1. Bullish Momentum: The price is rising steadily within an ascending channel, breaking above previous resistance levels. The next target is set at 68.90, suggesting continued upward movement if the trend holds. 2. FVG (Fair Value Gap): Two FVG (Fair Value Gap) zones are marked, with one occurring at 68.04. If the price closes a candle below this level, it could trigger a pullback toward filling the gap, offering a potential area for buying or a retracement before further upside movement. 3. Order Block: A strong order block is marked near 67.20, suggesting significant buying interest in this zone. This level can act as support if the price revisits it, providing further confirmation of the bullish trend if the price holds above this level. 4. Target: The next target is set at 68.90, just below the resistance zone. If the price continues its upward movement, this could be the next major point where traders expect price action to react. A breakout above this level could extend the bullish momentum further.5. Price Action & Resistance Levels: The resistance zone around 68.50 is marked as a critical level. Price has recently tested this level and could either face rejection or break higher. Traders should monitor this level closely for any signs of reversal or continuation. Summary: The current chart shows a bullish outlook with a target at 68.90. However, there is an FVG gap at 68.04 that could be filled if price retraces. Order blocks and previous support zones further suggest that any pullback toward these levels could provide opportunities to enter long positions before the next leg up. Monitoring 68.50 resistance and the 68.90 target will be key for traders.
TVC:USOILLong
by Joan_Pro_Trader
GBPCAD The UK economy is recovering stronglyAfter increasing 1.9% month-on-month in August, the IPPI rose 0.4% month-on-month in September. Energy and petroleum product prices rose 3.7% month-on-month in September, leading to an increase in the IPPI. Price movements for refined products were mixed. Diesel prices rose by 7.0% and gasoline prices fell by 2.3%. Crude oil, the raw material for these products, rose 9.9%. The rise in diesel fuel prices was also due to low distillate stocks in the United States and Europe. On September 21, Russia announced temporary restrictions on diesel and gasoline exports, which also contributed to the rise in global diesel prices.
Long
by Chart_MasterPro
GBP/USD:The pound was blocked, and the bears reacted strongly?The latest data from the United Kingdom show that the number of people employed in the British labor market has increased by 65,000, higher than the expected 52,000, and the unemployment rate remains at 3.7%.But the pace of wage growth has slowed, which is good news for the Bank of England.Because the central bank is seeking to control inflation, this is another factor to be considered at next week's interest rate meeting.On a global scale, the market turmoil after the collapse of Silicon Valley Bank has led to huge changes in the market's pricing of the central bank's interest rate outlook in the past few trading days.According to CME's Fedwatch tool, there is now a 25% chance that the Fed will keep interest rates unchanged at its next meeting.Even the market has begun to digest the expectation that the Fed will turn to interest rate cuts at the end of the year.Under this situation, the pressure on the Bank of England to raise interest rates may be eased, which will be of great help to resolve the British government's debt.In terms of interest spreads, the British pound will not be pulled too wide by other currencies.As a result, the pound may be able to gain some support from it. Due to the rebound of the British pound for four consecutive trading days, it has left the original downward trend channel. However, over time, the market fear caused by the US banking crisis has gradually eased. Today, the dollar index stopped falling and rebounded sharply, suppressing the rise of the British pound and driving the British pound to begin to adjust the market. At present, the British pound has the intention of returning to the downward trend channel.However, if the 1.201 position can be supported, it is possible to carry out a short-term restorative rebound on this basis. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me.
Long
by Short-term-king
13