Keylevel
Waiting for retest and buying opportunity with XAUUSDH4 time frame.
Structure: Uptrend.
The downtrend and Key level 1785 have been broken.
Here, there are 2 support levels to watch out for, 1785 and 1770.
Wait for the price to retest and appear a bullish pattern, then you can enter buy orders at these support levels.
The profit target is the 1832 zone.
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Wish you all have a good trading day!
GOLD Next Resistance To Watch! Sell!
Hello,Traders!
GOLD finally moved from the weird range
In which it was trading for the last week
The price is moving upwards
So we are looking for a level
Where this move might stop
I fancy 1833 level, from where
I am expecting a pullback and a bearish correaction
Sell!
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See other ideas below too!
Wait for a confirmed retracement and buying opportunity EURJPYDailytime frame.
Structure: Uptrend.
After the divergence and double bottom pattern appeared, EURJPY up to break the Key level at 130,700.
Here, waiting for a correction to the 129,000 price area, we can look for a long-term buy order.
The profit target is the 134,000 and 137.100 zone.
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Wish you all have a good trading day!
Wait for a buying opportunity with AUDUSDH1 time frame.
Structure: Uptrend.
After breaking Key level 0.73200, the price moves back to this zone to retest.
Wait for the buying patterns to appear here to trade with AUDUSD.
The profit target is the 0.74800 zone.
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Wish you all have a good trading day!
BEARISH RETRACEMENT ON BTCUSDThe Crypto giant just formed a rising wedge pattern at a key level. We might see small bearish pressure as a retracement to previous broken resistance which in turn will be support. Plus we have divergence indicating price reversal. Will update as time goes on, stay tuned!
Good Luck.
God Bless!
Wait for a buying opportunity with AUDCADH4 time frame.
Structure: Downtrend.
After the price down to the support level of 0.91000, a double bottom pattern and divergence signal appeared.
Wait for the price increase to break the Key level at 0.92000 and have a confirmation move, then you can find buying opportunities.
The profit target is the 0.92700 zone.
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Wish you all have a good trading day!
Selling Opportunity with GBPUSDH2 time frame.
Structure: downtrend.
After an upward move to the 1.36000 resistance, a double top with divergence signal is now forming.
Wait for the price to break the 1.35500 price level and have a retest to confirm the downtrend, then you can find a selling opportunity.
Mục tiêu lợi nhuận là vùng giá 1.34000.
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Wish you all have a good trading day!
Divergence signals and selling opportunities with XAGUSDH1 time frame.
Structure: downtrend.
A divergence signal and double top pattern appeared with XAGUSD.
Wait for the price to break the Key level at 22.210 and have a confirmed retest move, then you can look for selling opportunities.
The profit target is the zone of 21.400.
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Wish you all have a good trading day!
A divergence signal appeared with AUDUSDH4 time frame.
Structure: Downtrend.
A divergence signal appeared, the key level is clearly shown at the price level of 0.73200.
Waiting for the price to break the Key level and get a confirmation signal can find buying opportunities with AUDUSD.
The profit target is the 0.74800 zone.
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Wish you all have a good trading day!
GOLD LOOKING BEARISHAfter last weeks breakout to the upside following the falling wedge formation. I posted the setup and it played out, however I went over Gold on a larger scale and we seem to still in a bearish trend coming into the week of NFP because on the weekly timeframe that bullish move we had on Friday seems to have been a retracement to the 38.2 level on the fibonacci and we have a head and shoulder formation at that level now on the 1H and 30m timeframe. I am bearish on Gold till further notice. Will update as time goes on, stay tuned!
Good Luck.
God Bless!
USD/JPY REACHED THE HIGHEST LEVEL SINCE MARCH 2020The US dollar traded higher against all the other major currencies on Tuesday and Wednesday. The most currencies it outperformed are GBP, NZD, and AUD, while it eked out the least gains versus EUR.
The rally of the US dollar across the board, especially against the commodity-linked currencies Aussie and Loonie and against the pound, which has been acting as a risky asset lately, suggests that market sentiment deteriorated again yesterday. Indeed, turning our gaze to the equity world, we see that major global indices were a sea of red, tumbling on average nearly 2%, as US Treasury yields kept marching north. The only exception was Hong Kong’s Hang Seng, which is up 0.51%.
The US dollar continues to show plenty of strength against pretty much everything, and that, of course, includes the Japanese yen. With that being the case, it looks like that the price is threatening the ¥112 level now, which key resistance level and the highest level since March 2020.
If the upside continues, USD/JPY will likely challenge 112.00 above, and the next level to watch is 2018 high at around 114.00, followed by the 2017 high at 115.00 or far away on the north at levels around 118.00, which is so optimistic in a short term projection. As seen, the area between 112.00 and 112.40 is a long-term barrier. A consolidation above should clear the way to more gains.
On the flip side, levels around 109.00 are the immediate support on a weekly chart, and a slide below could point to some stabilization in the mid-term. The next strong support stands at 104.50.
Looking at our oscillator indicators, we have to notice that MACD formed convergence on the weekly chart, and some price action signal on a minor chart will activate the bears to take into the market.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
POSSIBLE LONG POSITION ON GOLDGold is currently at a very strong support level. Coming into the level it has formed a falling wedge which as we know it is a bullish reversal pattern. Will the formation be respected or will the bears continue to drive the market lower. Only Time will tell. Will update as time goes on, stay tuned!
Good Luck.
God Bless!
Waiting for the opportunity to sell with BTCUSDH4 time frame.
Structure: Downtrend.
After the price continued to down and broke the previous support at 43000, the price is now forming a triangle pattern, which is likely to retest the price of 43000.
To be safe with this pattern, you should wait for the price to rise and appear a false break at the price of 45000 and appear a candlestick pattern for sell orders.
The profit target is the old support zone at 40000.
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Wish you all have a good trading day!
USD/CAD HIT THE KEY SUPPORT ZONE AND 200-EMA AGAINUSD/CAD traded slightly higher after it hit once again the key support zone between 1.2580 and 1.2600 and the price step again on 200-EMA. That said, the recovery stayed limited near 1.2711. Lately, the pair has been trading in a consolidative manner, and thus, the experts will refrain from confidently calling its next trending direction.
In order to start examining the bearish case, traders would like to see a dip below that key support zone. This will confirm a forthcoming lower low and may initially target the 1.2533 zones. Another break, below 1.2490, could invite more bears into the game, who may drive the action towards the low of July 30th, at 1.2420, or the low from the beginning of July, at levels around 1.2300.
On the upside, the traders would assess a bullish-case scenario when we see a recovery above the zone at 1.2710. This could set the stage for upside extensions towards the high of July 19th, at 1.2810, the break of which could extend the rally towards the peak of August 20th, at 1.2947.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
LITECOIN BREAKS BELOW AND TEST KEY SUPPORT ZONE OF 162.00 Cryptocurrency Litecoin gave up a 20% gain and tumbled back to Earth following a fake press release sent out by GlobeNewswire that referenced a partnership with Walmart on September 13th. After that, on September 16th, Litecoin entered a tumbling mode after it hit resistance at $192.00. Then, on September 20th, it broke below the upside strong support line tested six times from August, and it fell below the key support (now turned into resistance) zone of $162.00. That zone had been acting as a floor for the crypto since August 10th. With all these technical signs in mind, the experts would consider the short-term picture negative, but the price is at a turning point, and all traders will watch it carefully.
Yesterday, Litecoin hit support at $146.00, and then it rebounded. However, even if the rebound continues for a while more, we see decent chances for the bears to retake charge from near the $162.00 area. A forthcoming wave may result in another test at $146.00, the break of which could pave the way towards the $136.00 zones. If that area is not able to hold either, then a lower break may set the stage for extensions towards the $104.00 territory.
On the upside, the experts would like to see a return back above $192.00 before start examining whether the outlook has turned bullish again. As mentioned above the line, the crypto will already be back above the upside and may climb towards the $233.00 area. If that area surrenders, the next hurdle to consider may be the spike high at $250.00.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
GBP/JPY ON A KEY SUPPORT LEVEL AND 61.8 FIBOThe United Kingdom delivered its inflation numbers for August, both core and headline, on a MoM and YoY basis. All readings managed to beat their initial expectations, with the most significant increases seen in the core MoM and the headline YoY figures. The core MoM one came out at +0.7% against the forecasted +0.4%. The headline YoY figure showed up at +3.2%, beating the initial forecast of +2.9%. Despite the initial expectations already being much higher than the previous readings, the actual numbers make some analysts worry that inflation is picking up the pace way too rapidly. The last time the YoY CPI figure was that high was back in April 2012, when the reading came out +3.5%. Following the U.K. inflation and the falling market in Japan, it is interesting how to react to the two currencies of some of the world's largest economies. Yesterday, GBP/JPY reached a key support level at around 149.17, which is 61.8 Fibo level on a daily chart and key support from 20th of August, 20th of July, 23rd of April, and 24th of March. The currency pair is in a downtrend formed by the end of May this year, and the support line of the trend matches with the 50 Fibo levels of correction. If the price bounces back from the current price level, it would be possible to test the resistance trend line again at levels around 151.24 or to test the previous high at around 156.00. But the bears tremble in anticipation of seeing if the price will break current levels, which will activate them, and if this happens, it is possible to see prices around the bottom trend line crossed with 50 Fibo at around. If these price levels don’t stop the downward movement, it is possible to see price levels of 144(38.2 Fibo) or far on South around 141.00 or test the previous low from the end of 2020 around 137.00.
According to the RSI, oscillator indicators show that the price is in the oversold zone and lies on the 30 level.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
Putting $CRWD stock into the box. My analysis Hi everyone!
Today we are taking a look at NASDAQ:CRWD stock price movement using my boxes as always.
Stock is holding itself in a solid uptrend channel.
Key levels:
Upside - 269, 289 .
Downside - 248, 239, 227 .
Remember !
Watch volume numbers at key levels and compare them with previous zone breakout numbers.
Overall very impressive performance for this growth stock over the last year.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
NVIDIA (NVDA) Price Analysis with Buy/Sell areasWelcome back to yet another (stock) technical analysis using 4 different EMA's, fibonacci retracement, trendlines and key levels. Basing my buy areas on confluences of these.
I will sketch two scenario's of what I think the price will do based on technical analysis. This last part is important, because I want to remind you that this is a technical analysis disregarding fundamentals. You should always keep an eye the fundamentals of stocks together with a technical analysis.
The first scenario is that the 207 key level will break, after which price (I think) will bounce off the green area, based on the fib, key level, trendline and 50 EMA. After this, I think price will break the purple area, when it does, you can trade the break retest of this area.
The second scenario is when the 207 area will not break. Then I anticipate the price to react good to the 207 key level when it gets paired with the 3rd touch of the trendline. After this I think there is a sell area at the 250 psychological paired with the 3rd touch trendline, this area is highly speculative but depending on what the price continues to do I think this area is interesting in both scenarios.
If you look at my user profile, you will also find a video review on our channel!