ETHEREUM The Parabolic Rally to $10k has started!Ethereum (ETHUSD) is having a strong recovery rebound this week after marginally breaking below the 1W MA50 (blue trend-line) earlier. This indicates enormous buying pressure on the Bull Cycles first core Support level (the second being the 1M MA50 (red trend-line) which supported twice last Aug/Sep).
In comparative terms, relative to ETH's previous Bull Cycle, we are around the October 2020 levels, which was the last consolidation before the Cycle's main Parabolic Rally started. This is also evident on the 1W RSI fractals among the two. The rally exceeded by a small margin the 1.5 Fibonacci extension and formed the Cycle Top.
As a result, we expect ETH to hit at least the $10k level before this Cycle tops towards the end of the year. Technically, we should see the 1W MA50 support until the end.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Signals
Lingrid | GOLD approaches December High. Short-Term PullbackThe price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD is currently trading above the 2700 key level, and as the market approaches the channel border and the upward trendline, there are signs of potential resistance. The price previously dropped from the resistance area before and it is likey that a short-term retracement could occur if we receive sell confirmation. Additionally, the market is nearing the December high, which presents a significant level where a bounce could take place. If the market shows rejection at this resistance zone, I expect a short-term pullback. My goal is support zone around 2677
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | EURCAD shorting OPPORTUNITY at the KEY zoneThe price perfectly fulfilled my last idea. It hit the target. FX:EURCAD is forming ABCD move on the 4H timeframe. The price dropped from this area and it might act as key resistance. If the market manages to push higher toward the 1.48500 level or even above, it could be a opportunity to short alongside the bearish trend by a liquidity grab, where the market takes out stops and attracts sellers before reversing. If price shows signs of rejection at these higher levels—especially if we see bearish pinbar or other confirmation signals—there is a strong possibility of a significant bearish move following that rejection. My goal is support zone around 1.47910
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
USDJPY - Support Becomes ResistanceHello Traders !
On Friday 10 January, The USDJPY reached the resistance level (158.874 - 160.209).
Currently, The support level (155.948 - 156.364) is broken🔥
This key level becomes a new resistance level !
So, I expect a bearish move📉
_______________
TARGET: 153.550🎯
Lingrid | TONUSDT anticipating a BREAKOUT to the UpsideOKX:TONUSDT market made a false breakout of the previous week's low. Currently, the price is testing the downward channel border, suggesting a potential breakout in the market. On the daily timeframe, the multiple downside spikes indicates buying pressure from support levels, which could be sign of a potential shift in market sentiment. I think the market may consolidate around this level and potentially break upwards from here, starting from next week. Looking left, there was a bullish move before from the support zone at 5.38-5.40. This area may serve as a foundation for a renewed bullish movement, potentially leading to a bull run. My goal is resistance zone around 5.730
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
XAUUSD; long-term analysis pre-NFPHere is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for. This is a long-term overview on the pair sharing possible entries and important Key Levels.
Alright first, let’s take a step back and take a look at XAUUSD from a bigger perspective. For this we will be looking at the H4 time-frame .
XAUUSD is currently trading at around 2670s. Our scenarios are in play after the NFP data is out. Let’s take another look at them with more in-depth outcomes. These scenarios are written from just a TA (Technical Analysis) point of view.
Scenario 1: long-term BUYS
-We broke above 2675.
With the break of 2675 we can expect a possible move up to 2690. With a retest back at 2700s, that would confirm continuation buys and we would have to keep our eye out on our next KL (Key Level) at around 2714 or previous highs at 2726.
Scenario 2: long-term SELLS
-We respected our KL and stayed below 2675.700.
If we start making our way down to 2646 and manage to break below it, we could see more sells in play down to 2604.
NFP DATA! WHAT’S COMING?
With the NFP data coming out tomorrow , we can expect huge volatility. Spikes are to be expected. With the Jobless claims report we got yesterday, we can possibly anticipate more positive numbers for the TVC:DXY and potentially leading into more sells on OANDA:XAUUSD which would play by our Scenario 2 ! If on the other hand the NFP data comes in lower than expected, we should follow by our long-term Scenario 1 .
IMPORTANT KEY LEVELS:
- 2690 ; breaks above would result in gold revisiting previous highs
- 2675 ; breaks above would result in more upside
- 2646 ; breaks below would result in sells
- 2633 ; breaks below confirming lower levels
- 2620 ; breaks below confirming lower levels
- 2604 ; breaks below would confirm gold is bearish and we should see lower levels (2590..)
Personal opinion:
As the new financial year is here, and we are barely in the first weeks of trading, the direction for now is unclear until we break our mentioned key levels. The spikes we had last few days on XAUUSD did not give us the best or most optimal trading conditions. The market is undecided on the direction, until we get the NFP Data out. Stay patient and be smart.
KEY NOTES
- XAUUSD breaking above 2675 would confirm buys.
- XAUUSD failing to break above 2675 could result in lower prices.
- Breaks below 2646 would result in sells.
- The market has no directions until we get the NFP Data out on Friday 10th.
- Positive NFP Data would result in stronger DXY and lower prices on XAUUSD, potentially following our long-term scenario 2.
- Negative NFP Data would result in weaker DXY and higher prices on XAUUSD, potentially following our long-term scenario 1.
Happy trading!
FxPocket
World gold price increased slightly after CPIGold prices rose sharply on the back of a fresh US inflation report that showed the pace of growth was not too hot.
Key US economic data released recently showed that the consumer price index (CPI) in December rose 2.9% year-on-year, in line with market expectations, compared to a 2.7% increase in the November report. The core CPI (excluding food and energy prices) rose slightly more than expected, rising just 0.2% compared to a forecast of 0.3% month-on-month.
US stock indexes are expected to open sharply higher in New York trading, supported by more moderate US inflation data.
In overnight news, the Japanese yen rose sharply on fresh speculation that the Bank of Japan will raise interest rates at its monetary policy meeting later next week.
UK consumer prices came in slightly below market expectations, raising hopes of a resumption of rate cuts when the Bank of England meets early next month.
US30 Will Go Down! Sell!
Here is our detailed technical review for US30.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 43,233.41.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 42,564.96 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
AUDJPY Is Bullish! Buy!
Please, check our technical outlook for AUDJPY.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 96.530.
Taking into consideration the structure & trend analysis, I believe that the market will reach 96.725 level soon.
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!
USDCHF Is Very Bearish! Short!
Take a look at our analysis for USDCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.916.
The above observations make me that the market will inevitably achieve 0.910 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
GOLD is close to the target level of 2,730 USDIn the Asian trading session, today's weekend January 17, OANDA:XAUUSD Spot delivery maintains a strong trend, gold price is currently around 2,716 USD/ounce, close to the previous target increase at 2,730 USD/ounce.
OANDA:XAUUSD rose to a more than one-month high on Thursday as the latest U.S. economic data weighed on U.S. Treasury yields and dovish comments from Federal Reserve officials.
The U.S. Department of Labor reported Thursday that initial jobless claims for the week ended Jan. 11 increased by 14,000 to a seasonally adjusted level of 217,000. Economists had expected 210,000 initial jobless claims last week.
Slightly weaker-than-expected US core CPI data led to a sharp fall in real yields, which should support further gains in gold prices on inflation fears and repricing of taper expectations interest rate.
Federal Reserve officials said data showed inflation in the US was continuing to slow, but they also noted growing uncertainty in the coming months as they wait for early policy signs. from the incoming administration of US President Donald Trump.
Potential tariffs from the Trump administration could exacerbate inflationary pressures.
The dollar fell, moving slightly from recent highs, as cooling US inflation data pulled bond yields down, continuing to support gold prices. And this is what we can most easily see about the alignment in these correlations in the market.
Meanwhile, geopolitically, the ceasefire and hostage agreement between Israel and Hamas has weakened demand for gold as a safe haven asset.
Last year, as tensions in the Middle East increased, gold hit several new highs on safe-haven demand and expectations that major central banks like the Federal Reserve would ease monetary policy further. again.
But this is not enough because geopolitical factors can have a sudden impact, but they are never sustainable long-term causes.
Analysis of technical prospects for OANDA:XAUUSD
Gold has continued to break out, approaching the target level of 2,730 USD. Note to readers in the previous edition the price point of the 0.236% Fibonacci retracement level. Along with that, the uptrend is still dominating the daily chart, the uptrend price channel is highlighted by the green price channel, and the uptrend RSI maintains its above activity. The 50 level is still quite far from the overbought area, showing that there is still wide room for price increases ahead.
The main support is still at the POC Volume Profile level and the EMA21 line. As long as gold remains above the EMA21, it still has the potential to increase in price in the near future.
Currently, the 0.382% Fibonacci retracement level has also become the closest support currently.
During the day, the uptrend of gold prices will be noticed again by the following notable technical levels.
Support: 2,700 – 2,693USD
Resistance: 2,730USD
SELL XAUUSD PRICE 2736 - 2734⚡️
↠↠ Stoploss 2740
→Take Profit 1 2729
↨
→Take Profit 2 2724
BUY XAUUSD PRICE 2684 - 2686⚡️
↠↠ Stoploss 2680
→Take Profit 1 2691
↨
→Take Profit 2 2696
Will the USD pressure last?On the 4-hour chart, gold prices remain within the uptrend channel established since late December 2024. Despite the sharp corrections in the recent session, the current price ($2,670/ounce) is still above the dynamic support zone of the EMA 34 and EMA 89, indicating that the uptrend has not been broken. However, the pressure from the USD Index – which rose to a 2-year high of 109.35 points – is causing gold to lose short-term momentum.
On a closer look, the important resistance zone at $2,696/ounce, corresponding to the recent peak, has triggered strong selling pressure. Meanwhile, the RSI in previous analyses has shown signs of overbought conditions, increasing the possibility of a correction. However, the main trend line and the $2,660/ounce support zone are still acting as psychological support for the bulls.
In terms of news, the strength of the USD comes from two factors: positive US economic data and high bond yields (nearly 4.8%). These yields have attracted capital flows away from gold to invest in bonds. In addition, investors are worried about financial instability before Donald Trump returns to the White House on January 20. This uncertainty could spur some gold buying to hedge against risks, creating support for gold prices in the short term.
Personal trading strategy:
Bullish scenario: If the price holds above the $2,660/ounce support zone, I expect the price to bounce back to test the $2,696 zone. A breakout of this zone could push the price towards the target of $2,720.
Bearish scenario: If price breaks the $2,660 zone and the 89 EMA, I expect price to fall further to the $2,640/ounce support zone, or even $2,620.
CADJPY: Bearish Continuation Confirmed 🇨🇦🇯🇵
It looks like CADJPY is returning to a bearish trend.
The price completed a consolidation within a bearish flag
and violated its support with a high momentum bearish candle yesterday.
With a high probability, the pair will continue falling soon.
Next support - 107.15
❤️Please, support my work with like, thank you!❤️
GOLD → Testing Key Resistance with Potential to Reach 2726-2790OANDA:XAUUSD currently testing an important resistance level from which we can expect the price to continue rising to key levels such as 2726-2790. Technically, gold has entered the buying zone and the fundamental context supports it.
Gold is supported by weak US inflation data, moderate Fed expectations, hopes for Chinese stimulus measures, and fading concerns about President-elect Trump's disruptive trade tariffs which have supported the risk-on sentiment prevailing in markets, causing the US dollar to decline sharply.
Focus shifts to other economic data releases from the US, including December Retail Sales and Weekly Unemployment Claims, which will provide more clarity on the Fed's interest rate trajectory after January. Markets have fully priced in a rate pause at the Fed's policy meeting later this month. Gold prices will also remain dependent on any speculation surrounding Trump's tariff plans.
Technically, all eyes are now on the resistance zone at 2697-2700. If gold can consolidate above this area, buyers will quickly enter the medium and long-term playing field. But don't forget about the upcoming news releases.
Best regards, Bentradegold!
Supported by data, GOLD skyrocketed with room to increaseDue to weaker-than-expected US core inflation data, the US Dollar TVC:DXY weakened and the market also rekindled expectations that the Federal Reserve's interest rate cuts may not be over yet, gold prices increased sharply. Technical factors also continue the upward price structure.
US inflation is lower than expected
The U.S. Bureau of Labor Statistics reported on Wednesday that the U.S. consumer price index (CPI) rose 0.4% month-over-month in December, slightly above the 0.3% forecast. of economists. The overall CPI inflation rate increased by 2.9% over the same period last year, in line with expectations.
Core CPI inflation, which excludes food and energy, rose 3.2% year-on-year, slower than November data and below economists' median estimate of 3.3%. economic survey by Dow Jones.
Gold prices were supported and jumped by weaker-than-expected US core inflation data, causing US Treasury yields to fall sharply.
Core CPI was slightly lower than expected. This is a positive signal for gold because the corollary is that the Fed will not necessarily rule out cutting interest rates, although the possibility of cutting interest rates in January is not high, but some rate cuts Capacity is still expected before the end of the year.
Gold is considered a hedge against inflation, but because it earns no interest, its appeal to investors diminishes in higher interest rate environments and vice versa in low interest rate environments.
Focus on key US economic data
Today (Thursday), financial markets focus on US retail sales, data on initial jobless claims and speeches from Federal Reserve officials.
Economists expect U.S. retail sales to rise 0.6% month-over-month in December, down from 0.7% in November. Initial jobless claims are expected to rise from 201,000 to 210,000 in the week ending January 11.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, after ending the technical correction and receiving support from the 0.50% Fibonacci retracement level that readers should pay attention to in previous publications, gold has continued to increase to continue. current bullish cycle.
With an active position above the 0.382% Fibonacci retracement level gold is likely to continue rising with a subsequent target at around $2,730 upon breaking the $2,700 base price.
In the short term, gold has achieved its target increase at 2,700 USD, however, the room for price increases is still quite wide ahead with the Relative Strength Index pointing up, operating above 50 and still at quite far from the overbought level.
During the day, the technical outlook for gold prices is still bullish with notable points listed as follows.
Support: 2,693 – 2,676USD
Resistance: 2,700 – 2,730USD
SELL XAUUSD PRICE 2721 - 2719⚡️
↠↠ Stoploss 2725
→Take Profit 1 2714
↨
→Take Profit 2 2709
BUY XAUUSD PRICE 2672 - 2674⚡️
↠↠ Stoploss 2668
→Take Profit 1 2679
↨
→Take Profit 2 2684
AUDNZD Testing Resistance – Pullback Toward 1.1069 ExpectedAUDNZD is at a significant supply zone, marked by historical price rejections and strong selling pressure in the past. This zone has previously acted as a turning point, where sellers regained control and drove prices lower.
The recent bullish rally has brought the price into this critical resistance area. Given the strength of this supply zone, there is a high probability of a bearish reversal if price action confirms rejection (e.g., bearish engulfing candles or upper wicks signaling selling pressure).
I anticipate a bearish move toward the 1.1069 level, which represents a logical target for this setup. This setup aligns with the expectation of a potential correction within the broader market context.
XAU/USD Analysis: Gold's Bullish Momentum Eyes $2,790The analysis of XAU/USD highlights a strong bullish momentum in the short term, with gold prices reaching a one-month high above $2,700 on January 16, 2025. This rally was supported by contrasting U.S. economic data: while consumer spending showed strength, the increase in unemployment claims contributed to a decline in U.S. Treasury yields, enhancing gold's appeal as a safe-haven asset. Optimism regarding a possible Federal Reserve rate cut, driven by cooling inflation, has further strengthened positive sentiment toward gold, which has posted three consecutive sessions of gains. From a technical perspective, the breakout above the key resistance level of $2,697 opens the door to a potential target of $2,740, reinforcing the current bullish trend. However, traders remain focused on upcoming economic events, including the Federal Reserve's rate decision at the end of January and the release of CPI and Non-Farm Payrolls data in early February, which could significantly impact market sentiment. Expectations suggest that a potential rate cut or weak macroeconomic data could continue to support gold prices, while signs of economic strength or a rate hike might trigger bearish pressure. In the medium term, gold could fluctuate between $2,650 and $2,800, with the market remaining sensitive to monetary policy developments and inflation dynamics. In the long term, potential geopolitical stabilization and a global economic recovery could reduce interest in gold as a safe-haven asset, bringing prices to a range between $2,500 and $2,600.
Major Price Movement Incoming for ABBV!Signalist has detected a precise pattern in NYSE:ABBV FUBO trading activity, signaling that a substantial price movement is imminent. This isn’t a random fluctuation—it’s a carefully analyzed precursor to a significant market event.
📅 What to Expect:
⌛ Timeline: Anticipate a major move within the next 1 to 4 upcoming 3-hour candles.
📈 Monitor the Charts: Keep an eye on ABBV’s price action over the next few candles.
Prepare Your Strategy: Whether you’re bullish or bearish, have your trading plan ready to capitalize on the move.