AUDCHF Will Fall! Short!
Please, check our technical outlook for AUDCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.571.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.568 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.
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Signals
EURNZD Will Go Lower! Sell!
Please, check our technical outlook for EURNZD.
Time Frame: 30m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.845.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.841 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.
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Gold price rally continues from resistance level 2934 !Hello everyone, today is the last trading session of the week, let's see how the gold price fluctuates!
⭐️Market Summary:
- Gold has broken the resistance level of 2919-2921 to form a continued uptrend in today's Asian trading session, and the resistance zone of 2919-2921 will be formed to create a new support zone here
- If we observe and trade on the H1 time frame, we can see the price increasing in a clear trend according to Dow theory.
Trading plan:
Wait for the price to consolidate above the resistance level and continue following the Buy wave
👨💻XAUUSD Buy zone 2931 - 2933
🔹SL 2929
🔹TP 2935 - 2937 - 2940
Wishing you all FULL TP ❤️❤️
Buy the Dips? AUD/USD Eyes 0.65 After BreakoutAs mentioned, I remain bullish on AUD/USD and expect a rise to 0.65.
Over the past 10 days, the pair has remained virtually unchanged, fluctuating within a tight 50-pip range between 0.6250 and 0.63. However, yesterday, AUD/USD showed some strength and broke above 0.63.
I believe this breakout is genuine, and we could see further acceleration to the upside. My target remains 0.65, and I will stay bullish as long as the 0.62 zone holds.
Buying dips should continue to be the preferred strategy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold is in an extremely strong setupWhile a weaker USD is the main driver pushing gold prices higher, this stems from two factors, including tariff concerns and January's Producer Price Index (PPI) report.
Anxiety continues to increase after US President Donald Trump's announcement of imposing reciprocal tariffs on countries that tax imports from the US. Besides, the US has just released the January PPI index, showing that producer prices increased by 0.4% this month.
"Gold is in an extremely strong setup. As the USD strengthens, we are seeing a surge in gold buying from Asia, including central banks, retail investors, and financial funds."
Profit taking action, GOLD decreased significantlyOANDA:XAUUSD fell significantly as investors took profits after hitting record highs, but remained optimistic as US President Donald Trump's new tariffs raised fears of a global trade war.
Trump has sharply increased tariffs on steel and aluminum imports to 25% with "no exceptions or exemptions," a move he hopes will help struggling U.S. industries but could also spark a trade war on multiple fronts.
Traders will need to keep an eye on US inflation data today (Wednesday) for fresh clues on the outlook for interest rates in the world's largest economy.
Federal Reserve Chairman Jerome Powell said the central bank is in no rush to cut interest rates because the economy is "strong overall" and inflation remains above its 2% target.
Powell's comments were part of an opening statement he prepared for a Senate Banking Committee hearing.
Inflation data is in focus this trading day, and higher-than-expected inflation data could extend the Fed's pause on interest rate hikes, which could lead to a slowdown in gold's performance in the short term.
The impact is also reversed if inflation data is lower than expected, which further boosts market sentiment about the possibility of the Fed cutting interest rates next quarter.
Gold is considered a hedge against inflation, but higher interest rates will reduce the appeal of this non-yielding asset.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold corrected sharply but in general the position and technical structure still support the possibility of price increases. While the trend from the short-term price channel remains stable and the Relative Strength Index has not provided a clear bearish signal.
At the same time, the support levels from the 0.382% and 0.236% Fibonacci extension positions are also slowing down the correction momentum. As long as gold remains within the price channel, the short-term technical outlook remains bullish.
The current downward corrections should be seen as an opportunity to buy. Notable locations will be listed as follows.
Support: 2,881 – 2,869USD
Resistance: 2,900 – 2,909USD
SELL XAUUSD PRICE 2931 - 2929⚡️
↠↠ Stoploss 2935
→Take Profit 1 2923
↨
→Take Profit 2 2917
BUY XAUUSD PRICE 2859 - 2861⚡️
↠↠ Stoploss 2855
→Take Profit 1 2867
↨
→Take Profit 2 2873
GOLD rises above $2,900 with further upside targetsUS President Donald Trump vowed to impose "retaliatory tariffs" on all countries that impose duties on US imports as early as Wednesday evening (February 12) local time, raising concerns about the expansion of the global trade war and possibly accelerating US inflation. This is beneficial for gold to recover quickly.
Trump's latest round of tariffs unsettled markets comes just as Indian Prime Minister Narendra Modi prepares to visit the White House on Thursday. The Trump administration has complained that India's high tariffs have hindered U.S. imports.
Economists generally view tariffs as an inflation risk, with data released Wednesday showing U.S. consumer prices rose the most in nearly a year and a half in January.
OANDA:XAUUSD jumped $45 from Wednesday's low
After the release of stronger-than-expected US CPI data on Wednesday, spot gold prices fell sharply to $2,864 per ounce in early New York trading on Wednesday.
The U.S. Bureau of Labor Statistics reported Wednesday that the U.S. Consumer Price Index (CPI) rose 0.5% month-on-month and 3.0% year-over-year in January. Economists surveyed by Dow Jones expected the data to rise 0.3% month-on-month and 2.9% year-over-year.
Excluding volatile food and energy prices, core CPI rose 0.4% month-on-month and 3.3% year-on-year in January, while economists expected increases of 0.3% and 3.1%, respectively.
Economists have generally raised their inflation forecasts since Trump was elected out of concern that his policies, especially tariffs, could spark price pressures in the economy.
Gold is considered an inflation hedge, but because gold does not earn interest, a higher interest rate environment reduces its investment appeal.
However, fueled by safe-haven demand, gold prices have recovered strongly from lows. During the New York trading session on Wednesday, gold prices jumped above the original price of 2,900 USD and as of the time this article was completed it was trading at around 2,909 USD/ounce, up 45 Dollars compared to the level from yesterday's trading day.
Central banks' gold demand has increased as the World Gold Council (WGC) reported that central banks bought more than 1,000 tons of gold for the third consecutive year in 2024. According to the World Gold Council, central banks' gold purchases increased more than 54% year-on-year to 333 tons after Trump won the election.
Gold's recent rally has come alongside an influx of money into exchange-traded funds (ETFs) backed by the metal. According to Bloomberg calculations, global gold ETFs have grown more than 1% this year, reaching their highest level since November last year.
Technically on the daily chart, after OANDA:XAUUSD took support from the Fibonacci extension confluence with the upper edge of the price channel, it quickly recovered above the original price point of 2,900 USD. This was noted to readers in yesterday's edition.
Given its current position, it has room to continue rising with a target of around $2,927 in the short term, more than $2,952.
As long as gold remains within the price channel, the short-term uptrend will still prevail, while the Relative Strength Index has not shown any clear signs of a potential correction.
During the day, gold's uptrend will be noted again by the following technical levels.
Support: 2,900 – 2,891 – 2,869USD
Resistance: 2,927 – 2,952USD
SELL XAUUSD PRICE 2931 - 2929⚡️
↠↠ Stoploss 2935
→Take Profit 1 2923
↨
→Take Profit 2 2917
BUY XAUUSD PRICE 2878 - 2880⚡️
↠↠ Stoploss 2874
→Take Profit 1 2886
↨
→Take Profit 2 2892
USD_CHF SUPPORT AHEAD|LONG|
✅USD_CHF is about to retest a key structure level around 0.9000
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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EUR-USD Bullish Breakout! Buy!
Hello,Traders!
EUR-USD is trading in a
Local uptrend and the pair
Made a bullish breakout of
The key horizontal level
Of 1.0440 and the breakout
Is confirmed so we will
Be expecting a further
Bullish continuation
Buy!
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Check out other forecasts below too!
GBP-NZD Will Go Down! Sell!
Hello,Traders!
GBP-NZD has made a retest
Of the horizontal resistance
Of 2.2220 and we are already
Seeing a bearish reaction so
We are bearish biased and
Therefore a local bearish
Pullback is to be expected
Sell!
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Check out other forecasts below too!
GOLD WILL HIT RESISTANCE SOON|SHORT|
✅GOLD will be retesting a resistance level soon at 2942$
Which is an all-time-high
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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QUBT Long Potential Reversal from Demand ZoneThe Quantum Computing Inc. (QUBT) stock has retraced to a 15min demand zone after a strong rally. With confluences from RSI, volume profile, and order blocks, a reversal seems plausible.
Strategy: Look for bullish confirmation (e.g., break above $10.70 or crossing the trend line before entering the trade.
Trade Plan:
Entry: ~$10.60
Stop Loss: $10.12
Take Profit: $13.44
Position Size: Adjust based on risk tolerance, ensuring 1% account risk per trade.
(RRR): Approximately 1:6,
Risk Management:
If the price closes below the demand zone ($10.05), then avoid entering the trade if bearish momentum increases below $10.05
Trade Advice:
Plan Your Trade:
Define your entry, stop loss, and target levels before placing the trade.
Stick to your risk management plan, risking no more than 1-2% of your account per trade.
Wait for Confirmation:
Look for additional confirmation signals (e.g., a bullish candle pattern or a surge in volume) before entering the trade.
Set Alerts:
Use alerts to monitor key levels like $10.50 (for potential entry) and $10.01 (for stop loss).
Be Prepared for Volatility:
Stocks like QUBT may experience sudden price swings. Use appropriate position sizing and avoid overleveraging.
Review and Learn:
Analyze the trade outcome, whether successful or not, to identify lessons for future setups.
"Trading requires patience, discipline, and a solid understanding of risk management. Never trade with money you cannot afford to lose."
Tempus AI, Inc. (TEM) - Long Setup | 1H Chart AnalysisThe stock is currently in an uptrend within a rising channel (green lines), making higher highs and higher lows.
Based on Elliott Wave theory, we appear to be in a corrective Wave 4
bouncing from a 1H FVG.
A potential Wave 5 rally could be underway, targeting new highs near the upper channel boundary.
Trade Plan:
Entry: ~$66.84
Stop Loss: $64.00 (Below the demand zone & invalidation level)
Take Profit Target:
TP 4: $78.84 (4:1 RRR)
"Trade what you see, not what you think." – Jesse Livermore
Stick to your plan: Manage risk with stop loss placement and target levels.
Disclaimer:
This is for educational purposes only and not financial advice. Always conduct your own analysis and manage risk accordingly before trading.
ROKU Options Ahead of EarningsIf you haven`t bought ROKU before the previous earnings:
Now analyzing the options chain and the chart patterns of ROKU prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2025-4-17,
for a premium of approximately $8,00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
XAUUSD - Possible Long Trade?Here is our quick view and update on XAUUSD . Potential opportunities and what to look out for. This is a quick overview on the pair.
XAUUSD is currently trading at around 2900s .
As the price on XAUUSD has failed to break below 2880 , we are still overall bullish on OANDA:XAUUSD and due to this reason, and yesterdays news and statements, we are looking for further buys on the pair. Possible buys from this smaller KL (Key Level) at around 2908 with potential 2950 as a new ATH (All Time High) for our target. Stops would be around 2892 . Keep in mind we might get deeper pullbacks and further buys. This trade is only valid if we stay above 2910 .
PARAMETERS
- Entry: 2908
- SL: 2892
- TP: 2950
Personal opinion:
XAUUSD has tried to break below 2880 and failed. Due to this reason from a TA (Technical Analysis) point of view, we are still bullish on gold. Golds drop yesterday was also faded out due to inflation. As Powell was speaking and said that the Fed is in no rush to cut rates faster.
KEY NOTES
- XAUUSD failed to break below 2880.
- Breaks below 2892 would result in deeper pullbacks.
- XAUUSD remains bullish.
Happy trading!
FxPocket
DKNG DraftKings Options Ahead of EarningsIf you haven`t bought DKNG before the previuos earnings:
Now analyzing the options chain and the chart patterns of DKNG DraftKings prior to the earnings report this week,
I would consider purchasing the 45usd strike price Calls with
an expiration date of 2025-2-14,
for a premium of approximately $2.24.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ABNB Airbnb Options Ahead of EarningsIf you haven`t bought the dip on ABNB:
Now analyzing the options chain and the chart patterns of ABNB Airbnb prior to the earnings report this week,
I would consider purchasing the 145usd strike price Calls with
an expiration date of 2026-1-16,
for a premium of approximately $20.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PANW Palo Alto Networks Options Ahead of EarningsSnalyzing the options chain and the chart patterns of PANW Palo Alto Networks prior to the earnings report this week,
I would consider purchasing the 195usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $9.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MRNA Moderna Options Ahead of EarningsIf you haven`t bought MRNA before the previous earnings:
Now analyzing the options chain and the chart patterns of MRNA Moderna prior to the earnings report this week,
I would consider purchasing the 45usd strike price Calls with
an expiration date of 2025-9-19,
for a premium of approximately $3.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DXY Will Go Higher From Support! Buy!
Here is our detailed technical review for DXY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 107.865.
The above observations make me that the market will inevitably achieve 110.063 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.
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