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USDCHF Will Go Lower From Resistance! Sell! Here is our detailed technical review for USDCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.867. Considering the today's price action, probabilities will be high to see a movement to 0.860. 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!
Short
by SignalProvider
2
BITCOIN Gaussian Channel telling you the rally has already begunBitcoin (BTCUSD) is illustrated here on the 1W time-frame from the 2011 Cycle until today. We've used the Gaussian Channel (GC) after a long time and the reason is simple. Since the August 05 2024 Low, it has been supporting the uptrend up to today's test of the All Time High (ATH). ** Gaussian October support every 4 years ** This continuous support is a critical feature moving forward as every time the GC held at this stage of the previous Cycles (October 2020, 2016 and 2012), BTC started its final (and most aggressive) Parabolic Rally of the Cycle. ** Resistance turned Support ** What's equally interesting is that during those stages, the price also re-tested and held the former Resistance (of the previous Higher High), turned it into a Support (while the GC held) and bounced to the Parabolic Rally. This is a remarkably consistent feature taking place every 4 years! ** The green GC length matters ** Now as to the GC in more detail. What we want you to keep from it, is that the green part of the GC has lasted in the previous Cycles 123, 144 and 148 weeks respectively, which translates to 861, 1008 and 1036 days, until it turned red. As a result, we can expect the current green phase to last until December 08 2025 (minimum) and June 01 2026 (maximum). It is more reasonable to expect the longer case as the recent Cycles tend to have stabilized most of their common time patterns. The Bear Cycle tends to start when a 1W candle is closed below the GC. Until then, based on the parallel Channel Up patterns that encompass 3 Cycles each time, we can even expect a price as high as $200000 for this Cycle Top. Do you think that's realistic? And if so, do you also expect the GC wave to support a parabolic rally all the way to the top? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
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CRYPTO:BTCUSDLong
by TradingShot
20
EURUSD Will Go Down! Sell! Here is our detailed technical review for EURUSD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.080. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.078 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!
Short
by SignalProvider
1
Lingrid | GBPUSD buying OPPORTUNITY from the SUPPORT zoneFX:GBPUSD broke below the previous support level but has formed an inverse head and shoulders pattern at the psychological level of 1.3000. As the market approaches this level, it has been decelerating and it created bullish divergence. The price bounced off the channel border and has closed above the psychological level making higher lows. Additionally, since the TVC:DXY has formed a triple top at the resistance zone, it suggests that it may be poised for a downward correction. My goal is resistance zone around 1.31100 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
8
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
FXOPEN:XAUUSDLong
by syomking76418
Lingrid | PEPEUSDT Consolidation before potential EXTENSIONThe price perfectly fulfilled my previous idea. It reached the target. BINANCE:PEPEUSDT has created a fake break of the previous support level by forming a double bottom. It has been consolidating since the beginning of this month following the impulse move. If you take a step back and look at the daily timeframe, you'll notice that the price has formed an inverse head and shoulders pattern. I believe the market may retest the support level before moving higher, potentially breaking through the downward channel. My target is resistance zone around 0.0000108 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
GOLD new era levels, pay attention to today's GDP dataOn Asian markets on Wednesday (October 30), OANDA:XAUUSD delivery maintained its uptrend during the day and the gold price has now reached $2,780/ounce once again refreshing its all-time high and heading towards the target technical point noted by readers in yesterday's publication . OANDA:XAUUSD Continuing its upward momentum from the previous session, spot gold rose more than $32 on Tuesday due to uncertainty over the US presidential election and conflict in the Middle East, as well as expectations of an interest rate cut by the Federal Reserve. Federal Reserve, has enhanced the investment appeal of gold. During this trading day, the US Bureau of Economic Analysis will release third quarter gross domestic product (GDP) data. This is the most important economic data of the day and is expected to cause big fluctuations. on the financial market in general and gold in particular. Current market expectations suggest that the initial value of US real GDP in the third quarter is expected to grow at a quarterly rate of 3%. If GDP data is higher than market expectations, this could cause gold to correct short-term declines or react lower after a long streak of gains and support the USD. On the other hand, GDP data was much lower than expected, which should be supportive for gold and could see it continue to find new all-time highs. Ahead of the Fed's next policy meeting on November 6-7, traders will need to closely monitor more US economic data later this week including inflation and employment data. could provide direction for the Fed's 2025 outlook. Economists expect the Fed to cut interest rates by 25 basis points next week. Because gold does not generate interest, it tends to perform better in low interest rate environments and is considered a hedge against market volatility and risk. According to Bloomberg, the latest news coming from the situation in the Middle East, Israel launched an attack on a residential building in the northern Gaza town of Beit Lahiya on Tuesday, killing at least 93 Palestinians or more. missing. The US called it a "terrible incident". Regarding the situation in the Middle East, the latest report by Britain's Reuters on Wednesday said that the Gaza Ministry of Health announced that Israel had launched an attack on a residential building in the northern town of Beit Lahiya Gaza on Tuesday, leaving at least 93 Palestinians dead or missing, and 10 injured. Medical staff said at least 20 children were among the dead. Analysis of technical prospects for OANDA:XAUUSD The technical chart continues to show that gold has the ability to increase in price comprehensively with the price channel currently trending in the short term. Gold has also had 4 consecutive days of gains after correcting from $2,758, it is heading for the 5th day with an active position that brings a lot of upside prospects. Currently, gold has broken above the price channel while maintaining price activity above the 0.382% Fibonacci extension, which provides it with room to continue further gains with a subsequent target of around $2,786 Fibonacci price points. extended 0.50% attention to readers in yesterday's edition. As long as gold remains in the price channel, it will still have a short-term bullish outlook, along with that, once gold breaks above the 0.50% Fibonacci level it can continue to increase further towards the original price level of 2,800 USD, Fibonacci point 0.618% at 2,804USD. The relative strength index (RSI) has just broken above the overbought area, but has not yet peaked nor shown any signs of weakening, so in terms of momentum, prices can still be bullish with expectations of a correction around the area. The price point area was 2,800 USD when RSI peaked. During the day, the bullish outlook for gold will be noticed again by the following technical levels. Support: 2,774 – 2,768USD Resistance: 2,786 – 2,800 – 2,804USD SELL XAUUSD PRICE 2801 - 2799⚡️ ↠↠ Stoploss 2805 →Take Profit 1 2794 ↨ →Take Profit 2 2789 BUY XAUUSD PRICE 2740 - 2742⚡️ ↠↠ Stoploss 2736 →Take Profit 1 2747 ↨ →Take Profit 2 2752
OANDA:XAUUSDLong
by Xayah_trading
GBP/USD Brief UpdateGBP/USD is currently recovering from the lows due to the weakening USD amid market expectations that the Fed will pause its rate hike. However, the pair is still moving cautiously around 1.3000 in the European session on Wednesday, as traders await key releases: the UK Autumn Budget, the US ADP jobs data, and the Q3 Preliminary GDP report due later in the day. On the technical chart, the support level of 1.2970, defined by the 34-day EMA, remains as a stable pivot. At the same time, the recent bearish wedge breakout is reinforcing the uptrend, suggesting that buyers are in control in the medium and long term. Victor expects that, in the short term, GBP/USD will continue to move upwards with the next targets on H1 at 1.3050 and 1.3100. Get ready for the wave and good luck trading!
Long
by Bentradegold
Lingrid | GOLD Weekly MARKET OutlookOANDA:XAUUSD spent half of the week trading sideways between the 2710 and 2750 levels, remaining within Wednesday's range. This sideways movement created liquidity above and below these levels, and if the market tests these zones, we can anticipate some volatility. On the weekly timeframe, the market formed a small candle, indicating a pause in the bullish momentum. Ideally, I would like to see a false breakout below the previous week's low, followed by a continuation of the bullish trend. Conversely, breaking above this week's candlestick would be very bullish. On the daily chart, we've seen the formation of a bullish flag, which suggests a potential upward movement towards 2800. I believe that gold could eventually reach 3000 by the end of the year, although the path there is unlikely to be straightforward. Next week, we have a significant amount of high-impact news, which will likely to inject some volatility into the markets, so we should exercise caution. Overall, I see any pullback as an opportunity to go long. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
29
GBP/USD: Will NFP Make the Dollar Drop?GBP/USD weakens around 1.3010 during the European session on Wednesday, staying within a descending channel since September, as the market awaits key economic data, including the UK Autumn Budget, October’s ADP Employment Change, and US Q3 GDP. A close above 1.2975 could attract buyers, pushing the price toward 1.3050, while support remains at 1.2895. The pound remains vulnerable to potential negative economic surprises or restrictive fiscal measures announced in the Budget, as indicated by Prime Minister Starmer, which could increase volatility. Positive US economic data, especially on employment and growth, could strengthen the dollar and further push GBP/USD lower. I am currently long on GBP/USD from last week, aiming for a 1:4 RR. Currently, I'm at a 1:2 RR with SL at BE, so risk-free. Have a great day and happy trading, everyone!
Long
by Forex48_TradingAcademy
1
World gold prices increased again, towards 2,800 USDSince the beginning of the year, gold prices have increased more than 34%, due to the conflict in the Middle East, the US Presidential election and the US Federal Reserve (Fed) reducing interest rates. Investors are currently waiting for a series of US economic data to be released this week, including the employment report and the personal expenditure price index (PCE) - the Fed's favorite inflation measure. These data may impact the Fed's interest rate decision at its meeting on November 7. Markets currently place the probability of a Fed rate cut of 25 basis points (0.25%) next month at 98%. "Gold prices will still tend to increase, possibly even to 2,800 USD in the next few days, because the US election is still putting pressure on the market and the possibility of the Fed reducing interest rates is almost certain," Han Tan - market strategist at Exinity Group said. 🔥 XAUUSD Sell now 2778 - 2780🔥 ✔️ TP1: 2760 ✔️ TP2: 2750 ✔️ TP3: OPEN 🚫SL: 2786
OANDA:XAUUSDShort
by TheLeader_WOLF
Gold price forecastWorld gold prices increase when the USD index decreases. Recorded at 9:00 a.m. on October 30, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,114 points (down 0.02%). According to Kitco, world gold prices increased sharply, breaking the threshold of 2,780 USD/ounce when receiving many supporting factors. In one week, Americans will officially go to the polls to elect a new Congress and president. Information surrounding the election fueled instability in financial markets, causing investors to turn to gold as a safe-haven asset. Increased safe-haven demand for gold has helped push gold prices toward all-time highs. Today, several economic data could affect gold prices, including ADP employment data, third quarter GDP and US pending home sales. Monetary policy decisions of the Bank of Japan. Economic data to watch this week include core PCE, personal income and spending and US weekly jobless claims on Thursday and US nonfarm payrolls and PMI measures manufacturing sector's economic performance on Friday. 🔥 OANDA:XAUUSD Sell now 2778 - 2780🔥 ✔️ TP1: 2760 ✔️ TP2: 2750 ✔️ TP3: OPEN 🚫SL: 2786
OANDA:XAUUSD
by FalCol_TradingMaster
The Open Network (TON) & TelegramThe Open Network price today is $1.6 with a 24 hour trading volume of 10 million dollar. TON price is up 11% in the last 24 hours Toncoin is a decentralized layer1 blockchain developed in 2018 by the encrypted messaging platform Telegram. The project was then abandoned, taken over by the TON Foundation, and renamed from "Telegram Open Network" to "The Open Network". The original idea was to integrate TON into an easy-to-use application that allows users to buy/send/store funds. Clients pay transaction fees and use TON to settle payments or validate transactions. Toncoin utilizes the PoS consensus model for network scalability and reliability. Telegram users can now buy and sell short recognizable usernames for personal accounts, public groups and channels on fragment website and using TONcoin for doing payments If you got it at 1$ like me its time to take some profits 1.7 , 1.9 and 2.1 are next targets
Long
by moonypto
12
EUR/USD Consolidates Before Continuing UptrendBased on the EUR/USD chart, there are signs of a "Cup and Handle" pattern forming. The price is currently fluctuating around the resistance at 1.0826 and the support zone near 1.0770. The trend suggests that the price will likely continue to move in a narrow range before it can break the resistance and move into the next uptrend. If the price breaks this resistance, we can expect a strong increase, but in the short term, the fluctuation in this zone will continue.
by Naoomi
Gold Price Rises Strongly Amid US Political Uncertainty ConcernsBased on the current factors, I see gold prices in an uptrend and trading within a solid bullish channel, with the EMA (34) and EMA (89) supporting below. The main driver is political uncertainty in the US, along with concerns about fiscal deficits and safe-haven demand amid geopolitical tensions. News of hedge funds buying an additional 15 tonnes of gold last week further reinforces this trend. Currently, the price is at $2,778/ounce, but if it approaches the upper resistance line of the bullish channel, the price may correct slightly before continuing the upward trend. However, if the political situation continues to escalate, the possibility of breaking the resistance and reaching higher levels is very high.
OANDA:XAUUSD
by Naoomi
1
Gold prices are on the rise today!Dear friends. Let's update and strategize with Ben today! As predicted earlier, the gold price has made an impressive bounce to fill the gap, completely escape the sideways trend and end the parallel wedge pattern. At the time of writing, the gold price is trading below the 2758 barrier. The uptrend is very strong as it consolidates at a high level with stable trading activity on the 2-hour time frame. On the other hand, the gold price may continue to increase due to the forecast that the US Federal Reserve (Fed) will cut interest rates 1-2 more times between now and the end of the year, along with the Central Bank increasing its gold reserve purchases. Due to these factors, it is contributing to making the market hotter than ever. Ben's prediction is that by the end of this week, the gold price will increase by at least about 40 USD, which is the 2780 mark, and even more. Wishing you all a successful trading and earning lots of silver. Best regards!
OANDA:XAUUSDLong
by Bentradegold
Expecting an upside breakRecently, I published an analysis on this currency pair in which I mistakenly drew the target price for wave B. Generally, corrective wave B is equal to wave A in terms of time and price, and wave B is often shorter than wave A. Currently, wave B is equal to wave A in terms of time. Additionally, the price has recently formed a triangle pattern, and it’s expected that once wave B is completed, it will break upwards from this triangle, complete wave C up to the end of the channel, and then resume its downward trend. So, we are waiting to see if the price will break this triangle upwards or downwards.
Long
by habib75rajabi