SPX500 Will Move Higher! Buy!
Here is our detailed technical review for SPX500.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 5,976.37.
Considering the today's price action, probabilities will be high to see a movement to 6,081.10.
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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Signals
SILVER Is Bullish! Long!
Take a look at our analysis for SILVER.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 31.579.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 33.065 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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NZDJPY Is Very Bearish! Sell!
Please, check our technical outlook for NZDJPY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 86.948.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 86.145 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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Lingrid | EURJPY short from PSYCHOLOGICAL levelThe price perfectly fulfills my last idea. It hit the target. The price broke through the psychological level at 161.000 before pulling back. Overall, FX:EURJPY is in a bearish trend, with the price consistently making lower lows and lower closes. I anticipate that the price may rise to retest the channel boundary, trendline, and resistance before continuing to decline and making lower lows. On the daily timeframe, the price filled the gap and then moved above the previous day's high, which could be a false breakout. Consequently, I expect a decline from this level, followed by a retest of the support. My goal is the support level at 159.500
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GBPJPY Will Go Higher! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 190.722.
Considering the today's price action, probabilities will be high to see a movement to 191.990.
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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Lingrid | SOLUSDT possible BULL Trap in the MARKETSBINANCE:SOLUSDT market made a false breakout of the previous resistance zone before dropping significantly. Like many other markets, it sold off and fell below the key psychological level of 200. Although there was a daily long-tailed bar formed at the support level, the price did not test the area below the January low. Thus I think the recent bounce off the support level could be a bull trap. As a result, I anticipate another sell-off that may push the market towards the 150 level, where it could find substantial support and price surge. My mid-term goal is support level at 167
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CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
CAD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 106.159 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Lingrid | GOLD Weekly PRICE Action ANALYSISOANDA:XAUUSD reached an all-time high this week, testing the zone above 2800 and maintaining an upward trajectory, as I noted in my last weekly post. January candle closed strongly above the 2024 high, indicating a strong bullish momentum in the market. Any pullback at this stage could present a prime opportunity to go long, if this doesn't turn out to be a false breakout of last year's high.
However, on the daily timeframe, the formation of a long-tailed bar suggests a potential rejection at this resistance level, indicating the possibility of a pullback. Additionally, on the weekly timeframe, we can observe a closing below the psychological level of 2800 and weekly candle tail, which hints at potential selling pressure above. Overall, I anticipate the market to continue bullish movement, potentially reaching resistance zone of 2830-2850, which seems achievable unless the price action indicates otherwise.
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AUD/JPY: Bearish Reversal in Play, A Long Downtrend Awaits?Hey Realistic Traders, OANDA:AUDJPY has no chance for a Bullish Outlook? Let's dive into the analysis...
After a prolonged consolidation phase, the Aussie Yen has once again traded below the EMA-200 line, forming a new lower high along the way. This bearish signal marked the beginning of a continued downward movement, which was further confirmed by a breakout from a rising wedge pattern. Such breakouts typically indicate strong bearish momentum, especially when accompanied by multiple bearish marubozu candlesticks.
Further strengthening this outlook, a falling wedge breakout occurred on the JPYBASKET, signaling a continuation of its prevailing bullish trend. This divergence between Aussie Yen and JPYBASKET adds weight to our bearish analysis.
Considering these strong technical signals, the price is likely to move downward toward the first target at 94.651 or potentially the second target at 93.716.
However, this bearish scenario depends on the price staying below the critical stop-loss level at 98.478.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
"Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Aussie Yen".
Bitcoin’s Next Big Move: Road to $118K?Hey Realistic Traders, Is BINANCE:BTCUSDT Bullish Outlook Over Yet?
Let’s dive into the analysis...
For nearly a month, BTC/USDT remained in a consolidation phase. However, on January 17, 2025, it successfully broke through resistance, signaling the beginning of a bullish phase.
Since then, the price has consistently traded above the EMA 200, reinforcing a strong uptrend.
On the H4 timeframe, a Falling Wedge Breakout has been confirmed, accompanied by a bullish MACD crossover, further supporting the likelihood of continued upward momentum.
Based on these technical factors, the price is projected to rise toward Target at 118,000, as long as it stays above the critical stop-loss level of Stop Loss 97,777.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin."
USD-CAD Long From Rising Support! Buy!
Hello,Traders!
USD-CAD also gapped up
And then we saw a gap
Closure move down
But now it is about to
Retest the rising support
Line from where we
Will be expecting a
Local bullish rebound
Buy!
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GBPCAD Approaching Key Resistance — Will Sellers Step In?OANDA:GBPCAD is approaching a key resistance zone, a level previously met with strong selling pressure. The market has rejected this level before, indicating the presence of supply and reinforcing the potential for another move lower.
If bearish confirmation follows—such as rejection wicks or strong bearish candles—this could trigger a continuation to the downside, with 1.80080 as the next key target.
However, a breakout above this resistance would invalidate the bearish bias, shifting focus toward higher levels.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
NASDAQ 1D MA100 held. Strong rally ahead.Last week we took a look at Nasdaq's (NDX) Triangle and the buy signal that emerged on the short-term Support Zone (see chart below):
The signal turned out to be successful and the price eventually hit our 21800 Target and got rejected again on the Lower Highs trend-line.
Today an even stronger buy signal emerged, this time on a long term horizon as not only did the price touch the bottom (Higher Lows trend-line) of the August 2024 Channel Up but also hit the 1D MA100 (green trend-line).
This is the 3rd test of this level in 2 weeks and the 3rd hold. Technically this is a Triple Bottom formation and one of the strongest buy signals. Two times already within this Channel Up we have seen Bullish Legs of +15.70%. As a result we can technically target 23700.
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NZD-JPY Local Short! Sell!
Hello,Traders!
NZD-JPY is about to retest
A horizontal resistance level
Of 87.000 after a gap down
And a bearish breakout so
After the retest happens a
Local bearish pullback
Is to be expected
Sell!
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CADCHF Testing Key Support Level - Potential Buy SetupOANDA:CADCHF has reached significant demand zone. This zone has previously acted as a strong area of support, with multiple price reactions indicating buyer interest. The current market structure suggests a potential bullish correction at this level.
The anticipated scenario involves a bullish rejection from the demand zone, leading to a move upward toward the 0.62700 level. This aligns with a short-term correction or a potential shift in momentum if buyers regain control. A bullish confirmation, such as a strong engulfing candle or higher lows forming on the lower timeframes, could strengthen this setup.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Bitcoin analysis: new update...hello friends
As we told you, we have to wait for the failure of the pattern, now with the failure of the pattern, we expect to have a pullback and after that the price can move up to the specified support.
And the indicated support range is an important support for Bitcoin that we expect to react well.
*Trade safely with us*