Signals
Trump's policy promotes safe asset purchasesOANDA:XAUUSD increased sharply and reached a record high as uncertainty about Trump's policies prompted buying of safe assets, along with a decline in the US Dollar and US Treasury bond yields.
OANDA:XAUUSD renews record highs as traders seek safe haven. The escalation of the Sino-US trade war has caused investors to flock to gold as a safe haven.
Earlier this week, China responded to the new round of US tariffs by imposing tariffs on US goods, further escalating the trade war.
US President Trump's rhetoric and policies continue to push investors toward gold. Amid the uncertainty caused by Trump's policies, gold prices will likely continue to reach new all-time highs in the near term.
As Trump postponed 25% tariffs on Mexico and Canada for 30 days but imposed 10% tariffs on China, the uncertainty has investors concerned about the potential for disruption to global trade. As a result, they continue to seek safety in precious metals and abandon the US Dollar.
Investors are looking to Friday's US nonfarm payrolls report for more clues on the outlook for interest rates.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold corrected slightly after reaching the target level at the 0.786% Fibonacci extension noted by readers in yesterday's publication.
However, gold can still continue to renew with new all-time highs, once the 0.786% Fibonacci extension is broken it will tend to continue rising with the target then around 2,900 USD in the short term, more than 2,918 USD.
Although the Relative Strength Index is entering the overbought area, there is no sign of a correction yet; if the RSI slopes below 80, it will be considered a signal for a correction.
During the day, as long as gold remains in/above the price channel, above EMA21, it still has a bullish outlook. Notable levels will be listed again as follows.
Support: 2,846USD
Resistance: 2,878 – 2,900USD
SELL XAUUSD PRICE 2889 - 2887⚡️
↠↠ Stoploss 2893
→Take Profit 1 2882
↨
→Take Profit 2 2877
BUY XAUUSD PRICE 2844 - 2846⚡️
↠↠ Stoploss 2840
→Take Profit 1 2851
↨
→Take Profit 2 2856
Trading minute impulseOn the minute timeframe of GBPJPY 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.
GOOGLE Buy the earnings dip and Target $215.Alphabet Inc. (GOOG) has been trading within a Channel Up since the September 09 2024 Low. Just last Friday it formed a Bullish Cross on its 1D MACD and is rising, which inside this Channel Up pattern, has been a strong buy signal.
Given that the company's Earnings miss will force the stock to open near or at the 1D MA50 (blue trend-line), take this excellent dip opportunity to buy the technical pattern and target $215, which is the standard +15% Higher Lows rebound the Channel had on each Bullish Leg.
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DXY Will Go Up From Support! Long!
Please, check our technical outlook for DXY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 107.486.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 108.791 level.
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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GOLD Will Go Higher From Support! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,869.381.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,897.141 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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CADCHF Will Go Down! Short!
Please, check our technical outlook for CADCHF.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.631.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.627 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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USDCHF Be ready for these trades based on the 1D MA50.The USDCHF pair has been trading within a Channel Up pattern since the September 06 2024 bottom. This is inside a larger Rectangle in which the pair is consolidating for the past 1.5 year.
The bottom of the Channel Up is being tested again today for the 2nd time since January 27, which was a 1D MA50 (blue trend-line) test. This is the key of the pair's trend technically in our opinion.
The current level being so close to the 1D MA50, is the ideal short-term buy entry to target Resistance 1 at 0.92265 on the lowest risk. If the price breaks below the 1D MA50 however, we will quickly take the minimal loss and reverse to selling the bounce near 0.9100, as this bearish break-out took place on both previous Channel Up patterns on May 15 2024 and October 19 2023.
In that case the trade will be long-term, targeting just above Support 1 at 0.84000.
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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📉
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TARGET: 153.550🎯
DOW JONES Can the 1D MA50 save the day once more?Dow Jones (DJIA) has been trading within a year long Channel Up and this week's pull-back has so far found Support just above the 1D MA50 (red trend-line). As this chart shows, every 1D MA50 contact that was made after a Channel Up bottom (Higher Low), was a buy opportunity as the blue arc patterns highlight.
The green arcs are the Channel bottoms and technically the strongest buy opportunities and in the past 10 months we've only had 3 of those. This is the 4th blue arc however, the medium-term buy opportunity.
Regardless of colour, the 4H RSI pattern on each of those buy opportunities, has been the same. And the resulting rally has either hit the 1.5 Fibonacci extension or made a +8.33% rise.
This time the 1.5 Fib is a bit closer to the price, so that will be our medium-term Target at 46750.
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NZDUSD Falling Wedge Breakout – 400+ Pips Opportunity!NZDUSD forex pair is currently trading at 0.56800, with a target price of 0.60000, offering a potential gain of 400+ pips. This bullish outlook is supported by a falling wedge breakout, a technical pattern indicating a reversal from a downtrend to an uptrend. The breakout is further strengthened by a good bounce from a key support level, suggesting strong buying interest at lower prices. The rising momentum and breakout signal a shift in market sentiment, potentially attracting more buyers. The target of 0.60000 represents a significant resistance level, and reaching it would require sustained upward pressure. Traders may view this as a buying opportunity, aligning with the breakout’s direction. However, factors like economic data, global risk sentiment, and commodity prices (e.g., dairy exports for NZD) should be monitored. Proper risk management, including stop-loss orders below the support level, is crucial to manage potential reversals. This setup combines a strong technical pattern with clear profit potential, making it appealing for short-to-medium-term trading strategies.
BITCOIN You can't get a more bullish symmetry than this.Bitcoin (BTCUSD) marginally breached its 1D MA100 (green trend-line) two days ago and immediately rebounded in a mirror price action like last year's bounce of January 23 2024. We analyzed this on our previous publication but what we bring you today is the amazing RSI based symmetry of the two fractals.
The dominant long-term pattern remains a Channel Up and this is what will most likely guide BTC to the finish line and the Top of this Cycle. This pattern displays two (blue) Accumulation Channels, which is the formation we're currently at.
In fact Bitcoin has most likely started the process of breaking above this Channel as the January 23 2024 1D MA100 bounce was the starting point of the Bullish Leg (green) that made a Higher High at the top of the long-term Channel Up.
As mentioned, what's incredibly interesting is the 1D RSI symmetry between the two Accumulation Channels. As you can see on the current Accumulation Channel, the time between the 2nd RSI Lower High (blue circle) and 3rd (yellow circle) was 25 days and between the 3rd and 4th (red circle) was 32 days. The respective ranges on the previous Accumulation Channel were 25 and 34 days, which showcase a striking degree of symmetry.
The Bullish Leg peaked on the 2.618 Fibonacci extension from the last High (red circle) and as a result, we can expect the new rally to follow an equally symmetric/ proportional rise and target the new 2.618 Fib at $145000.
Can this be the case by March/ April 2025 or is it to soon? Feel free to let us know in the comments section below!
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GBP/USD Trend Reversal? Smart Money Entering the Market!GBP/USD is a major forex pair representing the exchange rate between the British Pound (GBP) and the US Dollar (USD). The current price is 1.25100, and the target price is set at 1.27000, indicating an expected upward movement. This trade setup suggests a potential gain of over 200 pips if the price reaches the target. A pip, or "percentage in point," is a standard unit of movement in forex trading, where 1 pip in GBP/USD is 0.0001. The trend line breakout confirms a bullish signal, meaning the price has moved above a key resistance level. Strong volume support indicates that many traders are participating in this move, adding to the momentum. A breakout with high volume often leads to sustained price movement, increasing the likelihood of hitting the target. If the trend continues, traders might see further gains beyond the expected 1.27000 level. However, risk management is crucial, as market conditions can change unexpectedly. Keeping an eye on economic news and key events related to the UK and US economies is essential. Overall, this setup suggests a strong buying opportunity for traders looking to capitalize on the breakout.
Lingrid | EURUSD potential LONG from SWAP zoneFX:EURUSD market filled the gap and bounced off the resistance zone I highlighted in my last post. However, instead of continuing to move lower, the price broke and closed above the channel. Additionally, it closed above the swap zone, which has been respected multiple times before. On the daily timeframe, the market formed a long-tailed bar, suggesting that the price may move towards the resistance zone at 1.05000. If the market rebounds from the swap zone below and the upward trendline, there is a good chance that the price will continue to rise. My goal is resistance zone around 1.04570
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EURNZD Testing Key Demand Zone - Bullish Bounce ExpectedOANDA:EURNZD is approaching a significant demand zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key support zone, indicating the potential for a bullish bounce if buyers regain control.
The current market structure suggests that if the price confirms a rejection from this demand zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 1.83800 level, which represents a logical target within the current market structure.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Lingrid | PEPEUSDT anticipating a CONSOLIDATION After Sell-OffBINANCE:PEPEUSDT market dropped to the November lows, and considering it has been in a bearish trend for the past couple of weeks, I believe the price will now move sideways around this level. Typically, after a strong momentum, the markets tend to consolidate and move sideways. Looking at the historical price action, we can see that the price previously consolidated at this area. I expect the market to retest this support level, potentially forming a double bottom pattern, which could be a sign of consolidation before the next move. My goal is support zone around 0.000008
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GOLD constantly renews ATH, global trade conflict risksOANDA:XAUUSD spiked to a new record high, with continued upward momentum pushing the relative strength index (RSI) into overbought territory.
Upcoming changes in US trade policy could support precious metals prices as they will increase uncertainty about the outlook for global economic growth.
Against this backdrop, monetary authorities may still face pressure to take measures to protect their economies, even though US President Donald Trump has postponed tariffs on Mexico and Canada. Additionally, the risk of policy mistakes by major central banks could push gold prices higher as gold becomes more attractive as an alternative to fiat currencies.
After Mexico and the United States reached an agreement to postpone tariffs, Canada did the same and the world's attention immediately turned to China. However, a sudden easing appears unlikely after China retaliated against the US's comprehensive tariffs on Tuesday and warned some US companies, including Google, that they could face sanctions.
While global markets welcomed the US postponement of tariffs on Mexico and Canada, the partial easing does not eliminate long-running trade tensions in Asia. A planned phone call between US President Donald Trump and Chinese President Xi Jinping on Tuesday did not take place, a sign that relations between the two sides remain frosty.
However, China's tariff measures will not officially take effect until February 10, giving Trump and Xi Jinping time to reach a "deal."
While currency markets still expect the Federal Reserve to cut interest rates twice this year (each time by 25 basis points), inflationary pressures from US tariffs are increasing, which makes the path of monetary policy through 2025 still very uncertain.
On the daily chart, OANDA:XAUUSD renewed its all-time high after reaching the target increase at 2,846 USD, which readers noted in the previous issue. With that said, a break above this key technical level would qualify gold for a new bull run, and the target would then be around $2,878 in the short term rather than the original price point of $2,900.
Although the RSI has entered the overbought zone, there are no signs of a decline indicating that the gold price may correct with the uptrend depicted by the line.
As long as gold remains in/above the price channel, it still has a short-term trend to the upside, with the current position suitable for a new bull cycle to be opened. Notable locations will also be listed as follows.
Support: 2,846 – 2,824USD
Resistance: 2,878 – 2,900USD
SELL XAUUSD PRICE 2863 - 2861⚡️
↠↠ Stoploss 2867
→Take Profit 1 2856
↨
→Take Profit 2 2851
BUY XAUUSD PRICE 2823 - 2825⚡️
↠↠ Stoploss 2819
→Take Profit 1 2830
↨
→Take Profit 2 2835
Gold Hits New ATH – How Much Higher Can It Go?In yesterday's XAU/USD analysis, I mentioned that a correction could occur, potentially bringing Gold down to the 2770 zone.
I even opened a trade based on this idea.
However, after an initial drop to the 2810 zone, Gold reversed and surged to a new all-time high.
Fortunately, I had not entered a large-volume trade, and with active management throughout the day, I kept my losses minimal.
Now, the key question is: How much higher can Gold go?
Looking at the chart, as I previously explained, Gold has been steadily rising within an ascending channel.
Yesterday, it even broke above the channel’s resistance, and at the time of writing, it is trading at 2860.
In my opinion, buying at this price carries too much risk.
I prefer to wait for a blow-off top and signs of weakness before considering a sell trade.
For now, I am staying out of the Gold market.
GbpUsd- Strongly bullish on medium termAs you know from my previous TVC:DXY analyses, I anticipate a correction in the index, which should lead to a rise in major USD pairs.
Among all the USD pairs I've recently covered, FX:GBPUSD appears to be the most bullish.
Looking at the posted chart, after forming a bullish Pin Bar at its recent low in mid-January, GBP/USD began to reverse and climbed to 1.25, which was the initial target at that time.
A correction followed this first leg up. What stands out in this case is the strong bullish reversal candle that formed after Monday’s Asian open gap. Not only did it fill the gap (like in EUR/USD's case), but the pair also returned to the 1.25 resistance level.
This structure signals strong bullish momentum, and I expect GBP/USD to continue its ascent toward the next key resistance zone at 1.28.
In conclusion, my strategy remains to buy the dips.
Depending on the entry point, this setup offers a potential risk-to-reward ratio of over 1:3.