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Pivot Points

Why dips appear favourable for AUD/USD bullsTrump's reluctance immediately sign an executive order to implement tariffs on China has allowed the yuan to rise against the US dollar. And where the yuan goes, AUD/USD tends to follow these days. And give AUD/USD has already seen an extended move to the downside, some bullish mean reversion is surely due. The weekly RSI reached oversold ahead of a false break of the 2022 low, and a bullish divergence also formed on the daily RSI. A higher low has formed on prices, and I suspect AUD/USD is due at least one more leg higher. Bulls could seek dips towards 0.621 or the 10/20-day EMAs in anticpation of a move up towards the August low, a break above which brings 65c into view near the high-volume node (HVN) from the decline from September to January. Matt Simpson, Market Analyst at City Index and Forex.com
Long
by CityIndex
$TIAUSDT on the Brink – 4.6 Accumulation for Big Moves to ATHsBINANCE:TIAUSDT Bottoming Out – Accumulating Below 4.6 for the Breakout Looks like BINANCE:TIAUSDT is bottoming here, but it might take a couple of weeks for a breakout. I’m patiently accumulating under 4.6. The daily hasn’t triggered a signal above 5.5 yet, so no rush to add above my current buy zone. Last time I was expecting new ATHs, so this time I’ll chill and just call it – Our final stand towards ATHs 😂 Solid setup, just needs time.
Long
by ZelfTrade
ETHUSD - Weekly Forecast - Technical Analysis & Trading IdeasMidterm forecast: While the price is above the support 2726.71, resumption of uptrend is expected. We make sure when the resistance at 4100.00 breaks. If the support at 2726.71 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend. A trough is formed in daily chart at 2908.80 on 01/13/2025, so more gains to resistance(s) 3508.51, 3695.27 and maximum to Major Resistance (4100.00) is expected. Take Profits: 3695.27 4100.00 4500.00 4868.00 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
BINANCE:ETHUSDLong
by ForecastCity
15
ETH 50% BOOM📈 Overall Trend: The chart indicates significant fluctuations in the price of Diaocesan against the US Dollar. The price started at around 5400 units and has gradually decreased over time. 🛡️ Support and Resistance Levels: Support Level: The price has reached around 2140 units at several points, which can be considered a support level. Resistance Level: The price reached around 5400 units at the beginning of the period (April 2024), which can be considered the main resistance level. 📉 Recent Fluctuations: In recent months, the price of Diaocesan has been declining, reaching around 2140 units. This decrease may indicate strong selling pressure or reduced demand for this currency. 🔮 Forecast: Given the recent downward trend and price decline, we may see this trend continue in the short term. However, if the price reaches a strong support level, we might witness a price rebound or stabilization. Traders should look for signs of a trend reversal or a breakdown of the support level to make their trading decisions. 📊 This analysis is based on the information available in the image, and for more accurate decision-making, further examination and the use of technical and fundamental analysis tools are recommended. 🛠️📉📈
BITSTAMP:ETHUSDLong
by ahmadarz
$BONK: Hold or Fall? Potential 3x from Here!Decided to bid this area one more time on BINANCE:BONKUSDT : The lows need to hold, or it’s an easy path down to 0.00002150 or lower. It needs to break the current swing highs to at least flip the downtrend. Just placing a bet here, expecting the following to happen. Will add significantly once the MSB occurs at the swing high. It’s a good level, and I still believe CRYPTOCAP:SOL holds above 170. Don’t think twice, it’s simple.
Long
by ZelfTrade
3
"Climbing the Grid: BTC Edition" In this chart, the trendlines are drawn to represent key areas of support and resistance based on price action over time. Here’s how to explain them in simple terms: 1. **Green Trendlines (Support)**: - These lines are drawn underneath the candlesticks. They show areas where the price found support and moved higher after touching or approaching the line. - The lower green horizontal line at **89,061.47** represents a strong historical support level, meaning the price previously stopped falling and reversed upward from this area. 2. **Red Trendlines (Resistance)**: - These lines are drawn above the candlesticks. They represent levels where the price struggled to go higher and reversed downward. - The upward-sloping red trendline represents a resistance trend where the price is being pushed lower whenever it approaches the line. 3. **Blue Trendline (Broader Trend)**: - This trendline connects major swing lows over a longer timeframe, showing the general upward momentum of the market. - It's more of a macro-level line, indicating the long-term bullish direction. 4. **White Trendlines (Neutral or Structural)**: - These lines form part of the structure, connecting minor pivot points or angles within the trend. - They give additional context but may not hold as strong as the green and red lines. 5. **Breakout Point (Highlighted with an Arrow)**: - The red arrow points to an area where the price attempted to break through a resistance level and succeeded, confirming a breakout. - After breaking past, the price is now approaching **105,346.97**, which could act as a new resistance or continuation level. In essence: - **Support lines**: Where the price bounces up. - **Resistance lines**: Where the price gets rejected. - The interactions between these lines help predict where the price might go next. - Bull Flag scenario is likely to unfold
COINBASE:BTCUSD
by The_ForexX_Mindset
8
EUR/USD Near Parity Amid Bearish MomentumHello, EUR/USD appears to have found support at the new 1-year low of 1.017715, rebounding slightly after hitting a fresh 26-month low near its 21-day lower Bollinger Band. The pair is expected to edge closer to parity (1:1) as long as France-German yield spreads continue to widen and Eurozone fundamentals remain weak. A lack of countertrend buyers is limiting upward momentum, with option barriers positioned at lower levels. European Central Bank (ECB) Chief Economist Philip Lane stated in an Austrian newspaper that the ECB could ease monetary policy further this year but emphasized the need for a balanced approach. Looking ahead, increased volatility is anticipated next week as former President Trump considers implementing gradual tariff hikes. If the 1-week pivot point fails to hold, further downside is likely, potentially pushing the pair toward parity. However, bearish momentum may persist in the short term before a bullish recovery begins. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
Long
by TradeWithTheTrend3344
1
NVO presents an opportunityNVO has been getting absolutely slaughtered lately, I cannot help but be more bullish than ever on this. The stock falls deeper into the long-term demand zone. Stocks usually bottom on bad news, this is the market pricing the stock in as more and more bad news comes down the road. A final blow is given, and the market realizes the fundamentals do not match the price. This will happen for NVO. BBWP needs to cool off here, the stock needs to consolidate. Stochastic has reset.
NYSE:NVOLong
by Apollo_21mil
GBP/CAD - over sold time to buy!Hi guys we are taking a look today in GBP/CAD - It reacehed extremely low and oversold levels on the RSI at 1H and 4H time frames, as we have seen a consistent dropped that happened. Currently I am expecting a correction into the consolidation area to 1.76 Enry: 1.74750 Target: 1.7550 Target 2: 1.76430 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Long
by DG55Capital