USDJPY Analysis: Potential Retracement Amid USD StrengthUSDJPY recently broke out of a descending channel and surged to 153.77, but is now showing signs of a potential pullback. The price action suggests a possible retracement towards the highlighted support zone around 153.20 - 152.50.
This movement is also influenced by the recent strength of the USD, driven by positive economic data and Federal Reserve signals on potential rate hikes. If this support holds, we may see a bounce back towards the recent highs, offering a buying opportunity
Signa
ETH Awaits Breakout at $2,456 Level ETHUSDT is currently hovering around the $2,456 mark, consolidating within a wedge pattern on the 1D chart.
As for the trend, ETHUSDT appears poised for a breakout, with potential downside movement as signals from the 34 and 89 EMA are aligning in favor of the bears.
Wishing you smooth and successful trading!
It's all about the FedWorld gold price trades weekly at 2,577 USD/ounce. Gold futures price in December 2024 is trading at 2,606 USD/ounce.
The US Federal Reserve's (Fed) interest rate decision will be the main focus of the market this week. Fed Chairman Jerome Powell's speech at the Jackson Hole Conference at the end of August confirmed that the Fed will make a decision on interest rates at its next meeting on September 18.
The US Central Bank kept the main lending interest rate unchanged at the highest level in two decades, from 5.25-5.5% over the past 14 months.
Major commentators, the labor market is hot and the US economy continues to grow, policymakers have determined it is time to cut interest rates. The market is pricing 55% interest rates in the US will decrease by 25 basis points and 45% interest rates will decrease by 50 basis points in the next few days.
💎 TVC:GOLD Buy 2544 - 2546💎
✔️TP1: 2560
✔️TP2: 2580
✔️TP3: OPEN
🚫SL: 2536
💎 TVC:GOLD Sell 2595 - 2597💎
✔️TP1: 2580
✔️TP2: 2560
✔️TP3: OPEN
🚫SL: 2605
GBPCAD Trading Opportunity! BUY!
My dear friends,
GBPCAD looks like it will make a good move, and here are the details:
The market is trading on 1.7742 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.7768
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
USDJPY Massive Long! BUY!
My dear friends,
Please, find my technical outlook for USDJPY below:
The instrument tests an important psychological level 143.08
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 144.78
Recommended Stop Loss - 142.08
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
USDCAD On The Rise! BUY!
My dear friends,
Please, find my technical outlook for USDCAD below:
The price is coiling around a solid key level - 1.3472
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.3560
Safe Stop Loss - 1.3422
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPJPY SELLGBPJPY Formed a resistance at the price of 161.26, it was rejected, and it seems that the price is still going down.
GBPJPY On the daily chart is still a bullish candle.
For a better confirmation, I recommend entry at the price of 160.0/159.80, but you have to be careful, this price can become a strong support and send the price up to the resistance from 162.0
Like and comment if you want more trading setup.
Thank you!
Signa retesting breakoutSigna (ticker) or Signum (the coin), as you prefer.
This coin is easier to be traded against the usd value instead of BTC.
It is currently giving a clear retest (even on a weekly timeframe) on the diagonal breakout after being stopped by the 0.382 fib acting as resistance. RSI is also picking up, it looks good for some more upside.
Litecoin, Channel-Breakout, How Further Continuations Establish!Hello Traders Investors And Community,
Welcome to this analysis about Litecoin, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. As mentioned already in previous analysis Litecoin was one of the currencies with the potential to form a sustainable reversal in the structure that can determine further alignments to the upside. Recently Litecoin has shown up with a great breakout above the boundary of its descending-channel-formation and in this case, now I discovered further levels and scenarios that will be worthwhile in the next times, therefore I detected all the important levels and likely destinies we should consider within the established structure and upcoming movements.
As when looking at my chart now we can watch there how Litecoin recently formed this main channel-breakout above the upper-boundary of its descending-channel-formation marked in blue. Now it is not seldom seen that after such a breakout price-action firstly reverses and tests lower levels in the structure to fully validate the breakout and continue with further perspectives. This confirmational-pullback is also likely to happen here with Litecoin moving into the lower zones of support where the confirmational-support-zone is lying consisting of several supports in which Litecoin has the ability to back-up and bounce. When Litecoin manages to bounce within the confirmational-bounce-zone it will lie ground for further develops and approaches of the upper-resistance, this will be extremely crucial because when Litecoin manages to move above this resistance it will be a good set-up for the next bullish waves. Overall Litecoin has shown a good pace here however it is important to distinguish it from other major currencies as not each is building such solid price-actions. For now, it will be important how Litecoin approaches the supports and how it continues from there.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
XRPUSD, Interesting Formation, Potentials Given When Completed!Hello Traders Investors And Community,
Welcome to this analysis about XRPUSD, we are looking at the 30-minute timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. As XRPUSD already has shown up with some important bullish up moves on the local perspectives the recent times before the current structure formed there is potential given that XRPUSD shows up with such volatility anew, in this case, I discovered a worthwhile formation XRPUSD is currently forming on the local perspective, therefore I detected all the important levels and likely outcomes we should consider with XRPUSDs established structure and the upcoming movements ahead.
Structural Developments:
As when looking at my chart we can watch there how XRPUSD is now about to establish this decisive descending-channel-formation marked in my chart in blue, within this formation XRPUSD is developing this coherent wave-count with the wave A to B already formed within the schedule and now with XRPUSD setting up to form the wave C within the zone, furthermore XRPUSD has some solid supports given within the back-up-cluster marked in my chart in blue where several supports coming together consisting of the lower-boundary, the 80-EMA in green and the 120-EMA in red making this zone a good zone for a strong bullish bounce to the upside and lying ground for further continuations.
Considerable Destinations:
Taking all these factors into consideration XRPUSD is in a situation where it has developed this strong formational structure and possibilities for the breakout and activation of targets, this will happen when XRPUSD finally closes above the upper-boundary as it is marked within my chart, such price-action will activate the upside-targets within the 0.23 level marked in my chart in orange in which the situation needs to be elevated anew when XRPUSD reaches out within these levels and elevated how it reacts there and if there comes a potential continuation further or XRPUSD firstly pulls back to visit lower levels again which is not unlikely in this case, for now, it will be important how XRPUSD manages to form the breakout, it will be an interesting journey.
In this manner, thank you for watching the analysis, have a good day, and of course good trading, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
EURCAD ready to GROWMy last analysis of this pair came out on October 14th. And during this time, the price reached my goal.
Reminde: "The price has reached the level. Its value is 1.54262. From the support level , I expect a good increase to the resistance line".
The price broke through the support line and, after a slight increase, fixed on it. This is also a good signal for growth. I expect it to return to level 1.554, but not immediately. To begin with, the price probably will touch the resistance line 1.563. And only after that will the fall begin.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻