GBP/JPY Breakdown Bears Take Control After Trend ReversalThis chart represents the British Pound to Japanese Yen currency pair on the two-hour timeframe. A clear breakdown from a previously established uptrend structure has triggered a short position. The trade setup is based on price action breaking below a key support level, confirming a shift in market sentiment toward bearish momentum.
The short entry was taken after the price broke below the ascending trendline and retested the level as resistance. The stop-loss is positioned above the recent high to mitigate risks in case of an invalidation. The take-profit target is set near 188.311, aligning with a key demand zone and a possible area of price reaction.
The trade exhibits a strong risk-to-reward ratio, ensuring a balanced approach to downside potential. With momentum favoring sellers, this setup remains valid as long as the price sustains below the broken support level. A clean follow-through to the downside would confirm further selling pressure.
Priceactionanalysis
EURUSD is possible to drop soon!Hey guys,
based on the chart, I've identified a resistance area (in 4H timeframe).
And we can see the rejection of price from the mentioned area.
Also as confirmation for our scenario is the descending channel that is identified on the chart.
So It ca be another good trading opportunity with risk/reward ratio around 1/4 which is considerable!
Good luck.
30.01.25 Morning ForecastNothing on main watch for me today! A lot of pairs need some development in forming their structures. It's in these times where we need to be able to take a step back, understand it is not a time to be aggressive and stay patient for when entries next shape up.
We have some USD and EUR news today to be aware of, but nothing major.
Catch you guys tomorrow!
#NIFTY Intraday Support and Resistance Levels - 30/01/2025Flat opening expected in nifty. After opening possible nifty will consolidate in between the range of 23100-23200 level. If nifty gives upside breakout of 23200 level then expected bullish rally upto 23350+ into today's session. Strong downside move expected below 23100 level. Downside next support level at 22900 for nifty in today's session.
[INTRADAY] #BANKNIFTY PE & CE Levels(30/01/2025)Today will be flat opening expected in banknifty. After opening if banknifty sustain above 49050 level then expected upside movement upto 49450 level in today's session. But in case banknifty starts trading below 48950 level then possible sharp downside move of 400-500+ points possible in index to the negative trend.
$XAUTUST Chart Analysis of Price Prediction 2025 see more chartBITFINEX:XAUTUST Chart Analysis of Price Prediction 2025 see more chart...
Gold price flat lines above $2,760 level as traders keenly await FOMC decision Gold Price Forecast: XAU/USD nears $2,750 as Fed’s decision looms
From a technical perspective, the recent breakout through the $2,720-2,725 horizontal barrier and positive oscillators on the daily chart suggest that the path of least resistance for the Gold price remains to the upside. A subsequent move above the $2,772-2,773 area will reaffirm the constructive outlook and lift the XAU/USD beyond the $2,786 area, or the highest level since October 2024 touched last Friday, towards the all-time peak, near the $2,790 zone. Some follow-through buying, leading to a strength beyond the $2,800 mark, will be seen as a fresh trigger for bullish traders and pave the way for an extension of a well-established uptrend witnessed over the past month or so.
XAU/USD Current price: $2,753.60
The Federal Reserve will likely keep rates on hold in today’s monetary policy meeting.
The United States will publish the preliminary estimate of the Q4 GDP on Thursday.
XAU/USD could extend its slide in the near term amid prevalent US Dollar demand.
Gold is under modest selling pressure on Wednesday as caution rules ahead of the Federal Reserve’s (Fed) monetary policy announcement. The United States (US) central bank is widely anticipated to keep the benchmark interest rate unchanged after trimming 25 basis points (bps) and settling it at 4.25%-4.5% in December.
Support levels: 2,747.20 2,734.60 2,716.50
Resistance levels: 2,764.85 2,777.30 2,789.95
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
NDQ100 Update - Overaction? Thanks for checking out our latest update. Today, we are looking at the NDQ100 daily chart.
What a 48 hours we have seen. After a plunge that wiped off up to 1 trillion dollars and close to 600 million off Nvidia, we saw a fast fightback at the end of the session and a recovery on Tuesday. The crash occurred after Chinese Tech company DeepSeek shocked the AI world with a powerful LLM.
Looking at the last price action, has support reformed? Will we see the new push higher after this last seller test? Buyers look interested, but we would like further confirmation with rallies that fill the gap or a test of the last high.
Good trading from Eightcap.
#NIFTY Intraday Support and Resistance Levels - 29/01/2025Gap up opening expected in nifty. After opening if it's sustain above 23050 level then upside rally expected in index. Major downside possible if nifty starts trading below 22950 level. This downside can be goes upto the 22700 level after breakdown of 22950 level. 22950-23050 level act as a consolidation zone for nifty.
[INTRADAY] #BANKNIFTY PE & CE Levels(29/01/2025)Today will be slightly gap up opening expected in banknifty. Expected opening near 49000 level. After opening if banknifty starts trading and sustain above 49050 level then expected upside rally of 400-500+ points in index. If reversal from this level then banknifty can move upto the 48550 level in today's session.
Selling opportunity for GBPUSD!Based on the chart, price reached a resistance area that I previously considered for bigger timeframe and the reaction of price to this area is visible.
So I considered this rejection of price and making new lower lows as changing the trend to bearish (in 15min chart ).
Also risk/reward of this opportunity is around 1/4 which is considerable and I prefer to try it. how ever please pay attention to the news ( Durable goods orders ) that can effect on the chart.
#NIFTY Intraday Support and Resistance Levels - 28/01/2025Gap up opening expected in nifty near the 22950 level. After opening it will face resistance at this level and chances of reversal in index. If reversal occurs at this level then expected downside movement upto 22700- in today's session. Any bullish rally now only expected if nifty starts trading and sustain above 23050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(28/01/2025)Today will be slightly gap up opening expected in banknifty. After opening if it's sustain above 48050 level then expected market will consolidate between the 48050-48450 level in today's session. Major downside rally expected if banknifty starts trading below the 47950 level in today's session. This downside rally can goes upto 47550 level after the breakdown.
#NIFTY Intraday Support and Resistance Levels - 27/01/2025Nifty will open gap down in today's session. After opening if nifty starts trading below 22950 level then expected strong downside movement in market upto 22700 level in today's session. Any upside movement only possible if nifty sustain above 23050 level. Upside 23250 level will act as a strong resistance for the nifty.
[INTRADAY] #BANKNIFTY PE & CE Levels(27/01/2025)Today will be gap down opening expected in index. Possible banknifty will open near 48000 level in today's session. After opening if it starts trading below 47950 level then further sharp downside rally expected of 400-500+ points. Any bullish side movement only expected if banknifty starts trading and sustain above 48550 level.
Market at a Turning Point: Nifty50's Next Big MoveThe chart provided is a daily timeframe analysis of the Nifty50 index, showing key technical levels and possible trade scenarios based on price action. It presents an opportunity for traders to assess potential breakout or breakdown levels and make informed trading decisions.
1. Current Market Scenario (Price Action Analysis)
The Nifty 50 index is currently trading at 23092. The index is moving within a descending triangle pattern, forming lower highs while maintaining support at key levels. Price is consolidating in a narrow range, indicating uncertainty and indecisiveness in the market.
2. Key Technical Zones Identified
A. Resistance Zone (Red Area)
The resistance zone is marked with a downward sloping trendline, highlighting consistent selling pressure. Nifty has faced multiple rejections around this trendline, indicating strong resistance levels. If the index breaks above this level with volume, it could signal the start of a bullish trend.
Key Levels:
Resistance at 23,600 - 24,000. A breakout above 24,000 could lead to a rally towards 25,200-25,600 levels.
B. Support Zone (Green Area)
The support zone represents a crucial price area where buying interest has historically emerged. This zone is critical for maintaining the current trend; breaking below could lead to a bearish continuation. If the index holds this level, it could provide a strong base for an upward move.
Key Levels:
Support at 22,800 - 23,000. A breakdown below 22,800 may trigger a decline towards 21,500-21,000 levels.
C. Monthly Timeframe Support Zone (Thicker Green Line)
A long-term support level derived from a higher timeframe (monthly chart). This level is significant, acting as a major inflection point for long-term investors. A breakdown below this zone may signal a shift in long-term sentiment.
Key Levels:
Strong support around 22,500. A sustained break could lead to deeper corrections.
D. Consolidation Zone (Circled Area)
Nifty is currently consolidating within a tight range inside the descending triangle. This phase usually precedes a strong directional move (either up or down). Traders should wait for confirmation before initiating new positions.
3. Potential Trading Strategies
A. Bullish Scenario (Green Arrow - Upside Move)
Trigger: A breakout above the resistance zone with strong volume and confirmation.
Entry: Buy when the price breaks 23,600-24,000, confirming with bullish candlesticks.
Targets:
First target: 24,800
Second target: 25,600
Long-term target: 26,400
Stop Loss: Below the breakout level around 23,400, ensuring risk management.
B. Bearish Scenario (Red Arrow - Downside Move)
Trigger: A breakdown below the support zone with strong selling pressure.
Entry: Short when the price falls below 22,800, confirming with bearish candlesticks.
Targets:
First target: 22,000
Second target: 21,500
Long-term target: 20,400
Stop Loss: Above the support zone around 23,200, to minimize risk.
4. Risk Management Considerations
Risk-Reward Ratio: Maintain at least a 1:2 ratio, ensuring the reward outweighs the risk.
Trailing Stop Loss: As the price moves favorably, adjust the stop loss to secure partial profits.
Market Sentiment: Keep an eye on global markets and news events that may impact Nifty’s movement.
5. Final Outlook and Recommendation
For Bulls (Buyers): Wait for a breakout confirmation above resistance before entering long positions. Focus on targets around 24,800 and higher.
For Bears (Sellers): Watch for a decisive breakdown below support to enter short trades.
Targets could extend down to 21,500 levels.
For Neutral Traders: Wait for clear confirmation before taking directional trades to avoid false breakouts.
IOTA is getting ready for the next bull run!Hey guys, Based on the chart a bullish channel has been identified and currently price have reached to the bottom line which can act as a supporting level. Also a bullish wedge is on the chart that can confirm our bias.
So with risk/reward of 1/3, it can be another good and low risk opportunity to buy.
EUR/GBP: PAT + VPA 11/2/2024Good morning,
I will be closely observing the EUR/GBP currency pair on a daily basis, as I expect a bullish pullback or reversal to materialize in the forthcoming weeks.
- 1W / Weekly Analysis: The market has recently dipped to a low of 0.839, with current support established at 0.832. The price has tested the 0.832 level multiple times without breaching it, suggesting a diminished appetite for selling at this juncture. Additionally, the presence of significant wicks accompanied by relatively smaller bodies may indicate a potential selling climax.
- 1D / Daily Analysis: The daily time frame reveals the formation of a double bottom pattern at the weekly support level of 0.0832. Presently, the price is retesting the recent swing high of 0.84, which represents the latest peak. The price has demonstrated its capacity to remain above the 0.84 threshold, and I anticipate a continued upward movement towards 0.846 in the upcoming weeks.
OANDA:EURGBP
XETR:DAX
TVC:BXY
ThePipAssassin