CHFJPY Will Go Lower From Resistance! Short!
Please, check our technical outlook for CHFJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 169.213.
Taking into consideration the structure & trend analysis, I believe that the market will reach 167.705 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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SELL
SILVER BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Previous week’s green candle means that for us the SILVER pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 29.423.
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EU continues multi-day uptrend!Hello everyone!
Currently, the EU is maintaining a slight upward momentum, despite a short decline from 1.2000 and closing the week around 1.1159. This has many people worried about the possibility of further declines, but don't be nervous! The price channel is still holding and the cup-with-handle pattern is gradually completing, promising to trigger a new growth wave in the medium term.
So, as long as the price channel remains in an uptrend, the market will continue to explode, and the Buy strategy will still be a good choice for the upcoming trading sessions. Once the EU breaks above 1.1200, it will not be difficult to move further to new highs in the short term. What do you think about this view?
XAU/USD: Break Resistance at $2,680 or Correct to $2,645?The analysis of the XAU/USD chart shows that gold is currently priced at $2,658.550, with strong support at $2,645.331. From the chart, it is clear that the upward trend is still being maintained, thanks to the support of the EMA 34 and EMA 89 levels at $2,658 and $2,633.502, respectively.
The key resistance at $2,680.809 is the barrier that the price needs to break through if it is to continue reaching higher levels, with the next target at $2,701
However, if the price fails to maintain its upward momentum and drops below the $2,645.331 support level, a deeper correction may occur.
In the current market context, important economic news from the U.S. and statements from Fed officials will be key factors that could significantly impact gold price movements in the coming days.
Gold Bullish Outlook: Cup and Handle PatternThe current gold chart is showing a Cup and Handle pattern, a technical signal that indicates a potential bullish breakout. This pattern is completed when the price breaks above the resistance line of the "Handle" section, and currently, we are witnessing signs of such a breakout. The EMA 34 and EMA 89 support the medium and long-term uptrend, reinforcing the belief in the sustainability of this bullish momentum.
What do you think about this prediction, let me know in the comments!
Today's BTCUSDT trading strategy!Hello everyone, let’s continue to analyze trends and strategies together!
Currently, BTCUSDT is hovering around the $65,000 level, gaining momentum after successfully breaking through the resistance at $64,500 in the short term.
From a technical perspective, considering the trendline and the EMA 34, 89 indicators, I believe a buying strategy remains favorable in both the short and medium term. The uptrend could be further reinforced if it manages to break through the $65,300 resistance level soon.
Wishing you all happy trading and abundant profits!
ETHUSDT should buy or sell ?Market Overview:
The ETH/USDT pair is showing signs of strength after breaking the resistance level at $2,644. The recent cup-and-handle pattern, highlighted in red, suggests a bullish reversal pattern. The market has tested the resistance zone around $2,679.98 multiple times (as indicated by the red arrows), implying that the market is gradually gaining momentum.
Key Technical Points:
Support Zone: The green zone around $2,615.95 - $2,626.25 represents a key support level, acting as a buffer where buying interest might emerge.
Resistance Zone: The next major resistance sits at $2,679.98, as indicated by the orange rectangle. A break above this level could trigger further upside momentum.
News Catalysts:
U.S. Bond Yields: A decline in U.S. bond yields and a weakening USD could support further upside movement in Ethereum, aligning with the technical picture.
Macro Events: Any easing from the Federal Reserve or signs of slowing inflation might also act as a tailwind for the broader crypto market, potentially boosting Ethereum prices.
Trading Strategy:
Bullish Scenario:
Entry: Consider entering a long position if the price breaks and holds above $2,679.98 (highlighted by the orange zone).
Target: Set a profit target around $2,740, where the next potential resistance could appear.
Stop Loss: Place a stop loss below the green support zone ($2,615.95), ensuring risk management in case of a market reversal.
This strategy hinges on the assumption of continued bullish momentum, reinforced by both technical patterns and favorable macroeconomic conditions.
SOLUSDT: Trading strategies and trends!SOL/USDT is showing a clear bullish structure, supported by a potential 5-wave Elliott pattern. After bouncing off the key support zone at $153.65 (Wave 2), it’s likely to continue its upward momentum.
Entry: Consider buying near $153.65.
Target: First target at $160 (Wave 3), with an extension toward $165 (Wave 5).
Stop Loss: Place below $150.64 for risk management.
The uptrend is supported by strong market sentiment and positive Solana ecosystem developments, making further upside probable.
NAS100 Will Go Down From Resistance! Sell!
Here is our detailed technical review for NAS100.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 20,137.3.
Considering the today's price action, probabilities will be high to see a movement to 19,371.7.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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CADJPY Will Fall! Short!
Take a look at our analysis for CADJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 107.379.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 106.107 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
BITCOIN BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
BITCOIN pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 58,730 area.
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GBP/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the GBP/CAD with the target of 1.770 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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GBP/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on GBP/JPY right now from the resistance line above with the target of 183.099 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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XAU/USD : Percée à $2,680 ou Correction vers $2,650 ?Le graphique XAU/USD révèle une bataille intense alors que le prix de l'or fluctue autour de $2,662.280.
Deux niveaux clés influencent le marché : un solide support à $2,650.230 et une résistance robuste à $2,680.131.
Les boucliers fournis par les EMA 34 à $2,659 et EMA 89 à $2,630.839 jouent un rôle crucial dans le maintien de l'élan haussier de l'or, empêchant des baisses plus profondes.
Cependant, ce que les traders surveillent de près, c'est si le prix peut franchir la résistance à $2,680. Si ce n'est pas le cas, une correction à la baisse pourrait ramener le prix vers la zone de support à $2,650.
Parallèlement, avec un RSI à 49.90, il y a un équilibre entre la pression d'achat et de vente, signalant que le marché est à un tournant crucial.
Les nouvelles économiques des États-Unis et les actions de la Fed seront les principaux catalyseurs susceptibles de bouleverser toute la dynamique du marché.
GBP/USD: Outlook Continues to Be Bullish!Currently, GBP/USD is hovering around 1.3376, down 0.34%, but the uptrend is likely to continue strongly. Although the current price action is bearish, this is not a cause for concern as the price channel and EMA 34.89 do not show any significant signs of reversal (which could, on the contrary, bring positive momentum).
It is worth noting that the nearest resistance at $1.3450 is forming a cup and handle pattern on the 1-hour chart, signaling a clear upside potential before the close of this week's trading session. If buyers can hold the dynamic support around 1.3350, I believe GBP/USD will continue to advance towards the target of 1.3500, especially if there is important news released during the day.
Traders can consider entering long positions around 1.3360, holding to take advantage of the uptrend, with a target of taking profit at 1.3500. What do you think about this view?
World gold may reach 2,700 USD this weekendHello everyone!
Recently, gold prices have increased sharply, nearly 570 USD/ounce, after the US Federal Reserve decided to cut interest rates by another 0.5%. Currently, gold is on track to reach a new high, expected to reach 2,700 USD/ounce.
The upcoming important event is the US presidential election, which can create many unpredictable fluctuations in the market, which will further promote gold as a safe haven channel that many investors prioritize.
Trend Analysis and Outlook in the Current Economic ContextThe current gold price chart reflects a bullish market, with prices hitting new highs, a testament to the growing appeal of gold as a safe-haven asset in times of uncertainty. The recent price increase is the result of a combination of the US Federal Reserve’s (Fed) monetary policies and rising geopolitical uncertainties.
In particular, the Fed’s decision to cut interest rates has reduced the opportunity cost of holding gold, thereby stimulating investment demand for gold. In addition, expectations of further interest rate cuts in the future have also boosted gold prices, with the market predicting a 62% chance of the Fed cutting another 50 bps in November.
In addition, geopolitical uncertainties, such as the conflict between Israel and Gaza, have also contributed to increased demand for gold. In times like these, gold is often seen as a safe-haven investment, protecting the value of assets when inflation and political uncertainty increase.
In the chart, the 34 EMA and 89 EMA are both bullish, with both moving averages below the current price, further reinforcing the bullish bias.
USDCAD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.35 zone, USDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.35 support and resistance area.
Trade safe, Joe.
XAU/USD: Is a Price Rally or Correction on the Horizon?The XAU/USD chart on September 26 reveals an intense battle as gold prices hover around $2,667, just after reaching a peak of $2,671.946. Buyers are making the most of two strong defensive walls:
The EMA 34 at $2,639 and EMA 89 at $2,600. These shields are preventing any deep corrections, helping to sustain the robust bullish momentum.
However, all eyes are now on the critical resistance at $2,671 – a significant psychological barrier.
This level will determine whether gold can break through and climb to new highs, with a potential target of $2,702, or face a correction back to the support zone around $2,651 before resuming its upward trend.
With the RSI reaching 69.45, the market is nearing the overbought zone, further increasing the likelihood of a pullback.
Amid hot economic data from the U.S. and key speeches from the Fed, major market moves could happen at any moment.
USD/JPY Breaks ResistanceToday, USD/JPY is holding steady around 145.00, and when I look at the daily chart, I see that the pair has broken the neckline at 144.50, which is a clear sign that the uptrend is gradually returning. This opens up the prospect of stronger growth in the near future.
According to my analysis, as long as USD/JPY holds above 144.70 (with important support at 144.50), we can expect the bullish momentum to continue. My immediate profit target is 147.00, and given the current situation, the possibility of reaching this level in the short term is very positive.
SOLUSDT today The SOLUSDT chart shows a bullish trend within an ascending wedge pattern. The price is currently approaching the resistance zone around 153.42 USD. After hitting this resistance, we might see a short-term pullback before a potential breakout occurs.
Key Insights:
The price has tested the upper resistance twice (red arrows), and a breakout above this level could signal a strong upward move.
The ascending support line (green arrows) indicates that the overall trend remains bullish.
If the price holds above 149–150 USD after a potential pullback, there is a high chance of an upward breakout toward the 158 USD level.
Prediction: If SOLUSDT can break and close above 153.42 USD, expect a bullish continuation toward 158 USD. However, if the price pulls back to retest the ascending support line, this could provide a good buying opportunity before the next upward move.
ETHUSDT ETH has experienced a downward move but found strong support around the 2,560–2,580 USD range, as shown in the chart. Despite the recent decline, the price has bounced from this support zone, signaling a potential reversal. The price is currently approaching the upper boundary of the descending channel, and if it breaks out, we could see a bullish continuation.
Fundamental Impact: Recent market conditions and news surrounding Ethereum have remained positive, including increased institutional interest and developments in Ethereum's ecosystem. This could provide bullish momentum, further supporting a breakout.
Prediction: If ETHUSDT breaks above the descending channel near 2,620 USD and holds, we could expect a rally toward 2,660 USD and potentially higher. If the breakout fails, the price may retest the lower support zone. Keep an eye on the 2,620 USD level for confirmation of the uptrend.
SPX Is Bearish! Short!
Take a look at our analysis for SPX.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 5,722.39.
The above observations make me that the market will inevitably achieve 5,432.48 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!