USTECUSTEC price is in a correction period. If the price cannot break through the 20664 level, it is expected that in the short term, there is a chance that the price will fall.
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Forexsignals
GBP/JPY: Bullish Momentum Builds Near Key ResistanceThe GBP/JPY market is currently developing an ABC pattern, with point C forming near the 196.000 level. Recently, the price broke above both a downward trendline and the 194.000 support, signaling a potential shift in momentum.
At present, the pair is testing last week’s high, which aligns with the 195.000 psychological level. A strong bullish candle has emerged on the daily chart, indicating growing bullish pressure. The market may enter a consolidation phase around this level before attempting a breakout above the previous week’s high. The next target is the resistance zone at 195.750
GBPNZD: Fractured Ascent Signals Potential ReversalGBPNZD 4-hour chart reveals a compelling narrative of a weakening bullish trend potentially poised for a significant reversal. The pair's recent price action exhibits characteristics of a rising wedge pattern, a formation often indicative of an impending downside breakout.
Key Technical Observations:
Rising Wedge Formation: The converging trendlines point to a potential exhaustion of the upward momentum. The upper trendline has seen repeated rejections, suggesting a lack of sustained buying pressure.
Critical Support Level: The 2.25359 level is acting as a crucial support zone. A decisive break below this level would confirm the wedge breakdown and likely trigger a sharp bearish move.
Resistance Zone: The area around 2.27505 represents a significant resistance zone. Failure to break above this level reinforces the bearish outlook.
Potential Downside Targets: The chart indicates potential targets at 2.22934 and the low of 2.16774. These levels could act as significant support zones during a potential downtrend.
Trading Implications:
Short Entry Consideration: Traders should closely monitor the price action for a decisive break below the 2.25359 support. A confirmed breakdown could signal a strong short entry opportunity.
Stop-Loss Placement: A prudent stop-loss should be positioned above the recent swing high or the upper trendline of the wedge to mitigate risk.
Risk Management: Given the potential for increased volatility during a breakout, sound risk management is paramount.
Considerations:
Confirmation of Breakdown: A break below the 2.25359 support should be accompanied by strong bearish momentum and ideally, an increase in trading volume to validate the signal.
Fundamental Factors: Upcoming economic data releases from both the UK and New Zealand should be closely monitored, as they could significantly impact the pair's price action.
Conclusion:
The GBPNZD chart presents a compelling case for a potential bearish reversal. The rising wedge pattern, coupled with the critical support at 2.25359, suggests a high probability of a downside breakout. Traders should exercise caution and await confirmation of the breakdown before initiating short positions. Effective risk management is crucial to navigate the potential volatility associated with this trade setup.
GBPAUD Bearish Breakout Imminent: Points to Potential Downside4-hour chart of GBPAUD reveals a critical juncture. We've observed a recent uptrend culminating in what appears to be a rising wedge formation. This pattern, characterized by converging trendlines, often signals a potential reversal, particularly after a sustained bullish run. The upper trendline has faced repeated tests, indicating weakening upward momentum. Crucially, the 2.04938 level acts as immediate support. A decisive break below this point would validate the wedge breakdown and likely trigger a significant bearish move.
Key Levels and Targets:
Immediate Support: 2.04938
Target 1: 2.03263 (Initial downside target)
Target 2: 2.00516 (70.0% Fibonacci Retracement)
Target 3: 1.97478 (100.0% Fibonacci Retracement)
Fibonacci Analysis: The price action has breached the 50.0% retracement level, suggesting a potential continuation towards the 61.8% and lower levels. The 70.0% and 100.0% retracements are critical downside targets.
Trading Implications:
Short Entry: A confirmed break below 2.04938 is the primary trigger for a short entry.
Stop Loss: A conservative stop-loss should be placed above the recent swing high or the upper trendline of the wedge to mitigate risk.
Risk Management: Given the potential for volatility, prudent risk management is essential.
Considerations:
Confirmation: A break below 2.04938 must be accompanied by strong bearish momentum and ideally, increased volume to validate the signal.
Fundamental Factors: Keep a close eye on upcoming economic data releases from both the UK and Australia, as these can significantly impact the pair.
EURNZD Downtrend in Play – Key Breakdown & Bearish OutlookThe 4H chart of EURNZD shows a descending trendline resistance, indicating a sustained bearish trend.
Price is rejecting the 1.8850 resistance level, aligning with the 38.2% Fibonacci retracement, reinforcing the bearish bias.
A potential breakdown could lead the pair towards the 1.8726 support level (50% Fibonacci), followed by the 1.8200 key demand zone.
Trade Setup & Levels:
Entry Zone: Below 1.8820 after a confirmed rejection.
Target 1 (TP1): 1.8726 – mid-support level
Target 2 (TP2): 1.8200 – major demand zone & 100% Fibonacci extension
Stop Loss (SL): Above 1.8987 to avoid false breakouts.
Bearish Confirmation Factors:
✅ Lower highs and trendline rejection, confirming downward momentum.
✅ Breakdown of support zones, leading to extended selling pressure.
✅ Fibonacci confluence, reinforcing downside targets.
Conclusion:
A break below 1.8726 will accelerate selling momentum, with 1.8200 as the ultimate bearish target. Traders should watch for confirmation signals before entering short positions. 📉
NZD/USD Bullish Reversal – Key Levels & Trade PlanThe 4H chart shows NZD/USD forming a bullish structure with an ascending trendline support.
A breakout from the descending wedge pattern signals potential upside momentum.
The price is currently testing a key support zone near 0.5740, aligning with the 23.6% Fibonacci retracement level.
Trade Setup & Levels:
Entry Zone: Above 0.5740 (support holding)
Target 1 (TP1): 0.5817 – previous resistance
Target 2 (TP2): 0.6050 – Fibonacci 61.8% level
Stop Loss (SL): Below 0.5620 (previous support structure)
Bullish Confirmation Factors:
✅ Trendline support remains intact, preventing further downside.
✅ Breakout from wedge pattern, indicating buying pressure.
✅ Higher lows formation, showing gradual accumulation of demand.
Conclusion:
A confirmed breakout above 0.5817 will validate the bullish move toward 0.6050. If price sustains above the resistance, we expect further upside momentum in the coming sessions. 📈
XAU/USD: First Long, Then SHORT! (PLEASE READ THE CAPTION)Gold's 2-hour chart shows that the price successfully reached a new high of $3057 today before retracing to $3025. Currently, gold is trading around $3037, and I expect a short-term push towards $3049 before looking for a trigger to potentially ride a correction down to targets below $3022. Stay tuned—this analysis will be updated soon!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
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USDJPY; Heikin Ashi Trade IdeaOANDA:USDJPY
In this video, I’ll be sharing my analysis of USDJPY, using my unique Heikin Ashi strategy. I’ll walk you through the reasoning behind my trade setup and highlight key areas where I’m anticipating potential opportunities.
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EURUSD - 2 ScenariosHello Traders !
On Tuesday 11 March, Th EURUSD reached the resistance level (1.09374 - 1.09058).
So, We have 2 Scenarios:
BULLISH SCENARIO:
If the market breaks above the resistance level and closes above that,
We will see a bullish move📈
TARGET: 1.11580🎯
BEARISH SCENARIO:
If the price breaks and closes below the neckline,
We will see a huge bearish move📉
TARGET: 1.06350🎯
GBPJPY: Pullback From Resistance 🇬🇧🇯🇵
There is a high chance that GBPJPY will retrace from the underlined
resistance zone.
A formation of a bearish engulfing candle indicates a strong
bearish pressure.
With a high probability, the price will drop to 194.0 level.
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Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot and could reverse to the 1st support which line sup with the 61.8% Fibonacci projection.
Pivot: 1.4385
1st Support: 1.4238
1st Resistance: 1.4485
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.
Bearish drop?GBP/CAD is rising towards the pivot and could drop to the 1st support.
Pivot: 1.8518
1st Support: 1.8369
1st Resistance: 1.8635
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.
Bullish bounce off pullback support?XAU/USD is falling towards the support level which is a pullback support that line sup with the 78.6% Fibonacci projection and could bounce from this level to our take profit.
Entry: 2,983.48
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
Stop loss: 2,952.61
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 3,028.95
Why we like it:
There is an overlap resistance level.
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Bearish reversal?EUR/NZD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.89747
Why we like it:
There is a pullback resistance level that line sup with the 61.8% Fibonacci retracement.
Stop loss: 1.90810
Why we like it:
There is a pullback resistance level that lines up with he 78.6% Fibonacci retracement.
Take profit: 1.8743
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bullish rise?NZD/JPY has bounced off the support level which is an overlap support and could rise from this level to our take profit.
Entry: 85.54
Why we like it:
There is an overlap support level.
Stop loss: 85.10
Why we like it:
There is an overlap support level that tis slightly above the 61.8% Fibonacci retracement.
Take profit: 86.65
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURUSD Forming the new long-term Top.The EURUSD pair continues to trade within a Bullish Megaphone pattern and is about to complete today the 4th straight red 1D candle.
This is technically a top formation as the 1D RSI went from overbought (above 70.00) to below 60.00. Technically a downtrend gets confirmed when the price breaks below the 1D MA50 (blue trend-line) so until it does, the probability for another short-term bounce there isn't small. This is what took place in September 2024.
Once the 1D MA50 breaks though, we expect a test of Support 1 at 1.03650, as it happened on October 23 2024.
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Gold signal The intense march north in the Greenback, in combination with the marked rebound in US yields across the curve are prompting Gold prices to recede to the proximity of the critical $3,000 mark per troy ounce
Gold signal 3008
Support 3015
Support 3025
Target 3045
Resistance 3000
Resistance 2980
SILVER PROJECTION Here's my projection for Xag this week.
PS: price would do what it wants to do regardless
We cleared the high of the second week of the Month 34.067 and close bearish last week. Hence my anticipation that price is going to clear the los of the second week as well which is 31.789 taking that as my draw of Liquidity 🧲.
Shuffling down to H4, everything now depends on confirmation. Price may react from 33.302 and continue to the downside or price may decide to go and test that 33.597 zon before the sell continuation.
Watch out for these zone for trade opportunity.
Kindly boost if you find this insightful 🫴
BULLISH MOVEMENT AFTER 3000 LEVEL RETEST ALERT!Hello trader
today market is higher high mark and continue bull pattern and also make a trend line in m30
so we wait to break and test for change the trend wanna gold see 4 Time tap and go for BUY
and trend also bullish so going with bull bias
key level for target 3045 and 3060
AVAX / AVAXUSDT | 1H | Avax will be the rocketHey there;
I have prepared avax analysis for you. All I ask from you is to support this analysis with your likes.
My Avax target level is 22.62 and my stop level is 17.37.
This analysis has a win rate of 2.00
Guys I will update this analysis under this post
Now let's just follow this analysis and see if my analysis is correct or not.
Thank you very much to everyone who has been kind and supported me with their likes.
Thanks to your support, I am constantly preparing special analyzes for you.
I love all my followers very much.
EURUSD BUYWe have a specific type of divergence on the 1-hour timeframe ⏳, indicating a potential drop 📉 in the higher timeframe. On the other hand, the lower 15-minute timeframe 🕒 gives us a buying perspective 📈. So, the analysis will be as shown in the image.
#eurusd #ForexTrading #PriceAction #ForexSignals #TradingAnalysis 💹
Why GBPJPY is bullish ?? Detailed Technical and FundamentalsGBPJPY is currently trading around 193.000, with technical analysis indicating a potential bullish breakout that could yield gains exceeding 300 pips, targeting the 198.000 level. This anticipated movement is supported by the pair’s recent behavior, where it edged higher to 194.89 before a slight retreat, suggesting consolidation ahead of a possible upward surge. A strong breakout from the current resistance zone could trigger an aggressive bullish wave.
Fundamentally, the British pound has shown resilience, bolstered by stable economic indicators and a proactive monetary policy stance from the Bank of England. Meanwhile, the Japanese yen has experienced depreciation, influenced by the Bank of Japan’s commitment to maintaining ultra-loose monetary policies. The widening interest rate differential between the UK and Japan favors a stronger GBP, adding bullish momentum to the pair.
Technical indicators further reinforce the bullish outlook for GBP/JPY. The pair has been trading within a consolidation range, and a breakout above the current resistance level could signal the continuation of the prevailing uptrend. Moving averages and oscillators are aligning to support this bullish scenario, with the potential to reach the 198.000 target. Volume analysis also suggests growing buying pressure, which could accelerate the upward move once resistance is breached.
Traders should monitor key resistance levels closely, as a confirmed breakout could present a lucrative opportunity to capitalize on the anticipated 300-pip movement. Implementing robust risk management strategies, such as setting appropriate stop-loss orders, is essential to mitigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in navigating this trading opportunity effectively.