DJI - Testing Key Demand Zone – Potential Buy OpportunityThe DJI is currently trading near a key demand zone. This area aligns with previous price reactions, suggesting that buyers may step in to defend this level.
The market structure indicates a potential for a bullish reversal if the demand zone holds and price action confirms support. A successful bounce from this level could lead to a move toward the 42,812.75 level, which represents a logical target for this setup.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, long lower wicks, or a breakout above short-term resistance. This setup aligns with the idea of a trend continuation from support and offers a potential opportunity for a long position.
What are your thoughts on this analysis? Let me know if you agree with this setup or have alternative insights to share! Feel free to comment below!
Signals
DXY could start correcting soonThe last quarter of 2024 was exceptionally bullish for the DXY, with the price climbing from 100 to a peak around 109—a substantial 9% increase in a relatively short period.
The bullish momentum has continued into the start of 2025.
However, since late December, the price action has become more overlapping, which could indicate the potential for a reversal.
At present, the price remains above the bullish trendline, so there are no clear reversal signals yet.
That said, it’s important to monitor for a downside break. If such a scenario occurs, the index could drop toward the 106 support level.
GbpUsd could correct from important supportLast week, GBP/USD saw a sharp decline, dropping over 400 pips from its recent high after briefly spiking above former support, which has now turned into resistance.
The pair is currently trading at 1.2150. Although the overall trend remains strongly bearish, a short-term correction and upward move is possible.
The 1.2070 level serves as key technical support, and with the psychological 1.2000 level nearby, short-term traders might find buying opportunities in this zone.
If a rebound occurs, the 1.2300 level could serve as a potential target for such a trade.
GOLD recovers to original target, paying attention to US CPIOANDA:XAUUSD recovered strongly and is currently traded quite narrowly. US PPI data has reinforced investor confidence in the Federal Reserve to cut interest rates further this year. In addition, Trump's report on tariffs also affected the USD, helping push gold prices higher. On Wednesday, investors are focused on the US CPI, which is expected to cause a big swing in the markets.
US PPI data and Trump's tariff report influence the USD
US PPI unexpectedly came in lower than expected in December, driven by lower food costs and firm service prices, which may help ease concerns about persistent price pressure.
Data released by the U.S. Bureau of Labor Statistics on Tuesday showed that the U.S. PPI rose 3.3% year-on-year in December, an increase less than the 3.5% expected. Core PPI, which excludes food and energy, rose 3.5% year-on-year, below expectations of 3.8%.
US PPI increased 0.2% month-on-month in December, lower than the 0.4% increase in November and below market expectations of 0.4%. Core PPI, which excludes food and energy, was unchanged from the previous month, missing economists' expectations of a 0.3% increase and the previous month's 0.2% increase.
After the US PPI data was released, the US Dollar fell again. A weaker US Dollar makes gold more attractive.
Bloomberg reports that members of US President-elect Donald Trump's incoming economic team are discussing gradually increasing taxes month by month to increase their negotiating leverage incrementally, while also helping to avoid rising inflation. mutation.
One idea is to build a progressive tax schedule with monthly increases of about 2% to 5%, said people familiar with the matter. The plan would also need to rely on executive powers granted by the International Emergency Economic Powers Act. This news also affected the US Dollar, causing gold prices to recover.
Pay attention to US CPI
Investors are now waiting for the US Consumer Price Index (CPI) released on Wednesday to analyze the Fed's policy direction.
The US CPI is expected to increase at an annual rate of 2.9% in December, higher than the previous month's 2.7% increase, while the month-on-month CPI increase in the month 12 is expected to be 0.3%. .
If Wednesday's US CPI report is lower than expected, it could increase the likelihood that the Federal Reserve will ease policy this year, which would benefit gold. And of course the opposite effect is if the data is higher than expected.
Gold is considered a hedge against inflation, but due to its non-interest-bearing nature, a high interest rate environment weakens its investment appeal.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold is still trading very narrowly but as mentioned to readers in previous publications that gold has achieved the initial technical conditions for a possible price increase.
With the short-term trend formed by the green price channel and support from EMA21, POC Volume Profile.
After the previous correction, gold has also recovered from the 0.50% Fibonacci retracement level to reach the initial target at 2,676 USD, the next target will be around 2,693 - 2,700 USD. Meanwhile, the Relative Strength Index maintained above 50 is a positive signal for an uptrend in the near future while still quite far from the overbought area.
During the day, the technical outlook for gold is bullish, notable points will also be listed as follows.
Support: 2,664 – 2,650USD
Resistance: 2,676 – 2,693 – 2,700USD
SELL XAUUSD PRICE 2701 - 2699⚡️
↠↠ Stoploss 2705
→Take Profit 1 2694
↨
→Take Profit 2 2689
BUY XAUUSD PRICE 2649 - 2651⚡️
↠↠ Stoploss 2645
→Take Profit 1 2656
↨
→Take Profit 2 2661
EUR/GBP: Ready to reach the level 0.83!The EUR/GBP exchange rate is currently in a bearish phase, trading near 0.8440 as of January 15, 2025. The key resistance level at 0.8445, which has been a significant barrier since September, has once again hindered upward attempts. The recent downward pressure has been influenced by the halt in the rally of UK gilt yields, following weaker-than-expected inflation data. This factor, combined with growing concerns about stagflation in the UK, creates an unfavorable environment for the Pound, increasing the likelihood of a dovish stance from the Bank of England. On the European side, the stabilization of inflation in the Eurozone provides relative support for the Euro, further reinforcing the bearish sentiment on the EUR/GBP pair. Key upcoming events in the short term include the BoE rate decision on January 25, 2025, which could significantly impact the Pound: a more accommodative stance would further weaken the British currency, favoring an upward movement in the pair. This will be followed by the Eurozone GDP data release on February 2, 2025, and the PMI results for both the UK and the Eurozone in early February, with the potential to influence market dynamics depending on the relative strength of their economies. Market sentiment remains oriented toward short-term stability, with limited movements expected until new significant signals emerge from economic data or central bank decisions.
Major Price Movement Incoming for BYND!Signalist has detected a precise pattern in NASDAQ:BYND 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 BYND’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.
USDJPY - Short TradeMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
EURUSD: short term buy on the 1H MA50 in order.EURUSD is neutral on its 1H technical outlook (RSI = 48.015, MACD = 0.001, ADX = 25.709) as it pulled back to its 1H MA50 today but managed to find enough support to bounce even though it crossed it. The pattern is a Channel Down, so the overall trend is bearish but this is its bullish wave and as long as the 1H MA50 holds, we can technically make one last High. Every rebound since the Channel Down bottomed on January 13th, has been of +1.00%. We are expecting another one, so place your targets accordingly (TP = 1.03500).
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GOLD - Potential Pullback to Retest SupportGold is trading near a key resistance zone within an ascending channel, suggesting a potential pullback. If price rejects the resistance zone, this could present an opportunity for sellers to re-enter the market.
The immediate target for sellers lies at $2,677.99, a key support zone where buyers might re-enter. A decisive break below this level could pave the way for further downside, with the broader ascending channel potentially invalidated.
This setup reflects a clear shorting opportunity if the price fails to sustain above resistance. Traders should wait for bearish confirmations before considering short positions.
Lingrid | GOLD potential for TREND ContinuationThe price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD market moved lower, forming a false break of the downward trendline, as I mentioned yesterday. The price is now rolling back toward the support level around 2650. I think the price may dip below the previous day's low and then bounce back if the upcoming news does not push the market lower levels. Consequently, the market may retest 60% of the previous weekly range. Given that the market is making higher highs and higher lows, I expect the price to retest the recent resistance zone again, especially if the price rejects the support level and the upward trendline. My goal is resistance zone around 2696
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GOLD – Potential Bullish ContinuationGOLD has recently broken above a key resistance level, signaling sustained bullish momentum within the broader ascending channel structure. This breakout aligns with the ongoing upward trend, reflecting the market's current bullish sentiment.
If the price revisits the $2,678.17 level for a retest and displays strong bullish confirmation—such as a rejection pattern, bullish engulfing candles, or consistent buying pressure—it would strengthen the case for further upside potential. Should this scenario unfold, the next target for buyers is the $2,691.72, a level that has previously attracted significant selling interest.
This setup reflects the broader bullish structure, offering potential opportunities for continuation trades. However, a failure to hold the retest level or a breakdown of the ascending trendline could challenge this outlook.
Traders are encouraged to monitor price action closely at the retest zone for clear signs of bullish momentum before committing to long positions.
NEARUSDT Long Spot Position / Follow for the UpdatesBINANCE:NEARUSDT
COINBASE:NEARUSD
📊 Position: LONG
The bullish scenario remains active as long as the price consolidates above the yellow zone (triangle). Any long shadow below this zone is considered an opportunity to buy the dip until the price starts to rise.
🟡 Leverage: 1x
📍 Entry: Near $4.70 - 4.80$
🎯 Targets:
TP1: $5.75
TP2: $7.35
TP3: $9.25
TP3: $11.75
🔴 Stop Loss: $3.342 (-14.89%)
NAS100USD Will Go Down! Short!
Please, check our technical outlook for NAS100USD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 20,839.6.
Taking into consideration the structure & trend analysis, I believe that the market will reach 20,544.5 level soon.
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.
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GOLD Will Move Lower! Sell!
Here is our detailed technical review for GOLD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2,686.729.
Considering the today's price action, probabilities will be high to see a movement to 2,659.435.
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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EURCAD Is Bearish! Short!
Take a look at our analysis for EURCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.478.
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 1.461 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.
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EURUSD Is Bullish! Buy!
Here is our detailed technical review for EURUSD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.019.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.028 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.
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VISA issuing the first buy signal of the pattern.VISA Inc. (V) has gone a long way since our buy signal almost 5 months ago (August 29 2024, see chart below):
As you can see it was a buy signal just before a 1W MACD Bullish Cross, and straight hit our $320.00 Target before it started pulling-back again the past 30 days.
The +2 year Channel Up pattern is intact and in fact the recent break below the 1D MA50 (blue trend-line) is the first buy signal that is being waved as the price is almost at the bottom of the internal (dotted) Channel Up, which is the Bullish Leg of the +2 year pattern.
The minimum decline within this pattern has been -7.30% so there is still some room for a new low but the 1D MACD indicates we might be seeing a Bullish Cross soon.
In any case, this is a solid level for a first buy entry if you are a long-term DCA investor. Target the top of the 2-year Channel Up at $330.00.
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XAGUSD Short-term buy signal above the 1D MA50.Last time we looked into Silver (XAGUSD) almost 2 months ago (November 22 2024, see chart below), we gave an excellent bounce sell signal that easily hit our 29.500 Target:
Based on this +2 year Channel Up, which remains valid, another break above the 1D MA50 (blue trend-line), would be a buy signal similar to July 12 2023. As you can see, the price continues to repeat the Channel Down of the Bearish Leg that started on May 05 2023.
As a result, our short-term Target is just below the 0.786 Fib at 33.0000.
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