Hellena | GOLD (4H): Long to resistance area of 2717.733(Again).Dear colleagues, I believe that the 2717 level will be reached again, because the five-wave upward movement is not over yet.
I see here the development of wave “3” of higher order and the completion of the correction in wave “2” of medium order. I expect the price to start an upward movement this week.
I do not recommend placing short orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Forexsignals
USOILPrevious analysis on November 13, 2024, it was seen that the price rebounded, tested the 71.40 level and could not break through. The price then came down to test the support zone 67.92-66.93 again. If the price can still stand above the 66.93 level, it is expected that there is a chance that the price will adjust up. Consider buying the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
An exciting week with many important economic data.World gold prices decrease when the USD increases. Recorded at 9:40 a.m. on December 16, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,570 points (down 0.11%).
According to Naeem Aslam - investment director of Zaye Capital Markets, gold investors should mentally prepare for the possibility of gold prices weakening next week. The main reason comes from the US Federal Reserve (FED) reducing expectations about cutting interest rates, in the context of inflation still being "persistent".
Lukman Otunuga - market analyst at FXTM - gave a neutral comment on gold prices in the short term. According to him, the trend of this precious metal will largely depend on the policy message that FED officials give in the upcoming meeting. Otunuga emphasized that, if the FED continues to maintain its "hawkish" stance, this could limit the ability of gold prices to increase as investors gradually narrow their expectations for stronger interest rate cuts next year. 2025. On the contrary, if the FED signals to loosen policy in 2024, gold prices could increase to 2,700 USD/ounce or higher.
🔥 XAUUSD SELL 2656 - 2654🔥
💵 TP1: 2630
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2665
USDCHFUSDCHF From previous analysis, 29/10/2024, it can be seen that the price is still in an uptrend. If the price can still stand above 0.88112, it is expected that there is a chance that the price will continue to be an uptrend. Consider buying the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
USDCHFUSDCHF price is near the support zone 0.86451 and 0.85812. If the price can stand above 0.85812, it is expected that the price will rebound. Consider buying the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
EURGBP: Classic Breakout Trade 🇪🇺🇬🇧
EURGBP broke and closed above a key daily horizontal resistance
cluster on Friday.
Retesting the broken structure, the pair started to consolidate on that
on an hourly time frame.
A bullish violation of the consolidation is a strong bullish confirmation.
The price will most likely continue going up at least to 0.834
❤️Please, support my work with like, thank you!❤️
Potential bullish bounce for the Cable?The price is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 1.2547
1st Support: 1.2329
1st Resistance: 1.2734
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 reversal?USD/JPY is rising towards pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 154.85
1st Support: 151.56
1st Resistance: 157.65
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.
Could the price reverse from here?AUD/NZD is rising towards the pivot and could drop to the 1st support which has been identified as a pullback support.
Pivot: 1.10909
1st Support: 1.09905
1st Resistance: 1.11517
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.
Heading into pullback resistance?NZD/JPY is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support.
Pivot: 90.09
1st Support: 86.65
1st Resistance: 92.32
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 off pullback resistance?NZD/CHF is rising towards the pivot and could fall to the 1st support which acts as a pullback support.
Pivot: 0.52237
1st Support: 0.50523
1st Resistance: 0.53112
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?USD/ZAR is rising towards the pivot and could drop to the 1st support which is a pullback support.
Pivot: 18.01025
1st Support: 17.3635
1st Resistance: 18.2794
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 off pullback resistance?USD/JPY is reacting off the resistance level which is a pullback resistance that is slightly below the 161.8% Fibonacci extension and could reverse from this level to our take profit.
Entry: 153.63
Why we like it:
There is a pullback resistance level that is slightly below the 161.8% Fibonacci extension.
Stop loss: 154.98
Why we like it:
There is a pullback resistance level that aligns with the 88% Fibonacci retracement.
Take profit: 151.96
Why we like it:
There is an overlap support level that aligns with the 38.2% 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.
Bearish drop?EUR/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.0543
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.0589
Why we like it:
There is a pullback resistance level.
Take profit: 1.0470
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.
#EURUSD 1DAYEURUSD Daily Analysis
The EURUSD pair is forming a falling wedge pattern on the daily chart, which typically signals a potential bullish reversal. The price is currently consolidating within the wedge, and a breakout above the resistance line would indicate a shift in momentum to the upside, offering a strong buy opportunity.
Technical Outlook:
Pattern: Falling Wedge
Forecast: Buy ( More Buy Opportunity upon Resistance Breakout)
Entry Strategy: Enter a buy position after the price breaks above the wedge's resistance line and confirms the breakout with bullish price action, such as a strong close above the resistance or a retest of the breakout level.
Traders should monitor supporting indicators like RSI for oversold conditions or MACD for a bullish crossover. Risk management is essential, with stop-loss orders placed below recent lows and profit targets set at key resistance levels above the wedge.
Gold Trading Strategy for 16th December 2024Gold Trading Strategy
Buy Above: The high of the candle which closes above 2662 on a 15-minute chart
Sell Below: The low of the candle which closes below 2636 on a 15-minute chart
Risk Strategies:
Risk Strategy 1:
Sell between 2660-2666
Stop-Loss: 2675
Targets: 2648, 2636, 2619
Risk Strategy 2:
Buy between 2621-2617
Stop-Loss: 2608
Targets: 2636, 2648, 2660
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact gold prices.
Disclaimer:
This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
AUD/JPY Analysis (1-Hour Timeframe)We are currently observing the formation of a Cup and Handle pattern, which is still in progress. The key levels to monitor:
Handle Resistance: First, we need a breakout of the handle pattern to confirm the bullish setup.
Pink Resistance Zone: If the price breaks out of this key level, it will confirm the full Cup and Handle pattern, signaling a strong bullish move.
Target Projection:
Based on the Cup and Handle formation, the Green Zone represents the projected target for this setup.
This is a pattern to watch closely for confirmation and breakout strength. Patience is key to avoid premature entries.
USD/JPY Analysis (30-Minute Timeframe)We are currently breaking out of a black trendline, which could signal bullish momentum. My target focuses on the market open, as I anticipate a bullish move, but I will wait for confirmation after the open.
Key levels to watch:
First Pink Zone (Target 1): If the price reaches this level, it will form a new higher high, confirming the bullish trend.
Second Pink Zone (Target 2): If the momentum continues beyond the first pink zone, this will be the next target, indicating sustained bullish strength.
This is a critical setup to monitor, with confirmation needed to ensure the breakout holds.
AUD/USD Analysis (1-Hour Timeframe)I'm monitoring AUD/USD closely as the price approaches a black trendline. If the trendline is broken, it could signal a bearish move.
My target for this setup is the green support level, which has historically acted as a strong zone of buyer activity. This area could present opportunities for either reducing short positions or watching for a potential bounce.
Key points:
Wait for confirmation of a trendline breakout.
Observe volume and candlestick patterns to validate the move.
Be cautious around the green support level for possible reversals.
Patience is essential for the best entry!
GBP/USD Analysis 1H TimeframeWe are observing a breakout below the purple support level, indicating potential bearish momentum. However, my idea focuses on the next key support level in the green zone, which holds significant importance.
This support level has been untested for a long time and has historically shown high trading volume.
I anticipate that when the price retraces to this green support level, buyers could step in, pushing the price higher.
DXY Best level for a long-term short.The U.S. Dollar index (DXY) has been trading within a 1.5 year Channel Up pattern (since July 14 2023) and just 2 weeks ago it formed a Golden Cross on the 1D time-frame. Having hit the pattern's top a week earlier, the current rebound seems to technically be part of the Lower Highs/ Lower Lows top formation, similar to October 03 - November 01 2023 peak.
That was 1 year again, a peak formation that was also formed after a 1D Golden Cross. This indicates that the long-term pattern (Channel Up) is highly symmetrical and as the 1W RSI is also declining after a rejection on the 70.00 overbought barrier, we consider the current level the best possible short entry.
The Bearish Leg that followed the 2023 High extended as low as the 0.786 Fibonacci level. As a result, we expect to see at least 102.000 (just above the 0.786 Fib) before any signs of a rebound.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
CADJPY Higher Low formed. Strong buy opportunity.The CADJPY pair has formed a new Higher Low on the 4-month Channel Up pattern that started after the 2.5-year Channel Up bottomed its Bearish Leg on the August 05 Low. Being now below even the 1D MA50 (blue trend-line), this is technically a great buy opportunity.
The previous long-term Bullish Leg hit the 0.9 Fibonacci level before retracing, which gives us a 117.100 Target for Q1 2025.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇