Signals
EUR-JPY Will Go UP! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend and the pair made
A breakout of the key
Horizontal level of 162.230
Then made a pullback and
A retest and is going up again
Now so we are bullish biased
And we will be expecting a
Further bullish move up
Buy!
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GBPUSD Will Go Up From Support! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.249.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.256 level soon.
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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EUR-USD Resistance Ahead! Sell!
Hello,Traders!
EUR-USD is making a
Nice bullish correction
After a sharp local flash-crash
But a local horizontal resistance
Level is ahead at 1.0470
So after the retest we will
Be expecting a local
Bearish correction
Sell!
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HBAR. From $0.23 to the Moon? Hedera’s Growth Potential!BYBIT:HBARUSDT
The asset looks promising during a correction, as it is being heavily accumulated at the $0.25381–$0.23456 level, which supports price growth. I believe it has strong potential for upward movement.
HBAR is the native cryptocurrency of the Hedera public network. Hbars are used for powering decentralized applications, peer-to-peer and micropayments, as well as securing the network—Hedera employs a proprietary protocol with elements of Proof-of-Stake.
DYOR.
ADA. Correction Opportunity: Don’t Miss This Entry! 12/20/24BYBIT:ADAUSDT
The market experienced a pullback, and the price returned to the lower boundary of the range before breaking through its support and moving toward a high-volume level, where a strong buyer was present. We also saw a proper Fibonacci correction, which might indicate a potential reversal and a good entry point for a spot position.
I'm entering with 0.5% of my deposit and will add another 0.5% in case of further correction.
DYOR.
NEON Set to Explode? Don’t Miss Out! 12/20/24Previously, #NEON peaked at $3.8.
Currently, the market is in an accumulation phase (where investors gradually buy assets), and the price occasionally rises in small bursts—#NEON is a perfect example of this trend.
I recommend gradually buying #NEON on the spot market and adding to your position over time. A solid move could be on the horizon.
DYOR.
USD-JPY Bullish Bias! Buy!
Hello,Traders!
USD-JPY keeps growing and
The pair made a bullish breakout
Of the key level of 155.900
And is now making a
Retest of the new support
From where we will be
Expecting a further move up
Buy!
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GBPJPY BUY | Idea Trading AnalysisGBPJPY is moving in an UP trend channel, is trading along the rising support
And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at
The chart broke through the dynamic support, which now acts ...
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GBPJPY
I still did my best and this is the most likely count for me at the moment.
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GASOLINE sits 4 straight months on the Support. Expect reboundGasoline (RB1!) has been trading on the 4-year Support Zone for 4 straight months, forming a confirmed technical bottom. The September 09 Low was also on the Lower Lows of the long-term Falling Wedge, which makes the probabilities of a rebound even stronger.
At the same time, the 1W RSI bounced from oversold territory (below 30.00) and has stabilized back above its MA trend-line, confirming a bullish reversal. In addition, the 1W MACD just formed a Bullish Cross, with the previous 2 such formations since January 2023 aligning with the Wedge's Bullish Legs.
The previous Lower Lows bottom reached marginally above the 0.786 Fibonacci retracement level. As a result we remain committed to our long-term Target of 2.600 (below also the Lower Highs trend-line), which we expect to get hit within the next 4 months.
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NZDJPY bottomed being formed. Huge long-term buy.The NZDJPY pair gave us an excellent sell signal back on our July 10 analysis (see chart below) and not only hit our 95.580 Target but broke below and invalidated the medium-term Channel Up:
The long-term Channel Up however, is still intact and it is evident on the 1W time-frame where the July - August sell-off found support and stopped exactly on the 1W MA200 (orange trend-line).
That was the first strong long-term buy signal. Since then, the price has been consolidating within the 1W MA50 (blue trend-line), which has already rejected the uptrend multiple times and the bottom (Higher Lows trend-line) of the Channel Up.
The second buy signal came this month, as it made a Double Bottom on the Higher Lows trend-line of the Channel Up. This whole sequence is very similar with the bottom formations of Jan - April 2023 and December - February 2022. Both started new Bullish Legs and never looked back once the price broke above the 1W MA50.
So the confirmed buy signal for this pair will be if a 1W candle closes above the 1W MA50. If that happens, we will turn bullish with our Target being 102.000 (+18.31%, the minimum Bullish Leg rise within the Channel Up).
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USDJPYHere is our in-depth view and update on USDJPY . Potential opportunities and what to look out for. This is a long-term overview on the pair.
Alright first, let’s take a step back and take a look at USDJPY from a bigger perspective. For this we will be looking at the H4 time-frame .
USDJPY is currently trading at around 151.800 after making its correction down to 150.400 .
Scenario 1: SELLS from higher levels (153.300)
We are at 153.300.
That would confirm our pullback to the uspide and as long as it’s respected, we should continue to the downside to our next KL (Key Level) sitting at 150.400.
Scenario 2: SELLS from 150.400
We dropped down to our Key Level 150.400 . If broken we should see more sells down to our targeted zones 149.500 - 149.000 .
Scenario 3: BUYS from 154.700.
We broke above 154.700 and are trading above it. We should see more upside potentially reaching new highs at around 158.800 .
Personal opition:
The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at 153.000 - 153.300 . Be patient and stay tuned for updates on this pair.
KEY NOTES
- USDJPY breaking below 150.400 would confirm sells down to 149.500 - 149.000.
- USDJPY failing to break above 153.300 would confirm sells.
- Breaks above 154.700 would show signs of reverse and could potentially rise up to 158.800.
Happy trading!
FxPocket
EUR-AUD Will Keep Growing! Buy!
Hello,Traders!
EUR-AUD is trading in an
Uptrend and the pair made
A bullish breakout of the
Key level of 1.6596 then
Made a pullback and is
Now going up again
So we are bullish biased
And we will be expecting
A further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
XAU/USD : Bull or Bear? (READ THE CAPTION)Analyzing the #Gold chart in the 4-hour timeframe, we can see that after collecting liquidity below $2635, the price faced renewed demand and successfully climbed above $2641. As a result, gold managed to rise to $2651, delivering a 100-pip return.
Today, we have the US interest rate decision, which could bring significant volatility to the market, with both bull traps and bear traps likely. If you are not a professional trader, it’s better to stay away from the market and wait for stabilization, especially during Jerome Powell’s speech.
The previous analysis remains valid: as long as the price holds above $2641, we can expect further upward movement. However, if the price drops below $2641 and closes a candle underneath, we will likely see a sharp decline.
Keep these scenarios in mind and be patient to find the best trigger.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XAUUSD - continuation sells? What about Pullbacks?Here is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for.
XAUUSD is currently trading at around 2605 .
We are still following our long-term analysis on XAUUSD which was posted on November 27th (almost a month ago).
Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are now using H1 to show you possible outcomes we might have in play.
Overall XAUUSD is still extremely bearish . We could see the following scenarios happen.
Scenario 1: SELL from 2620
We could see a potential pullback to 2620, which was respected last time we made a pullback from the massive drop on XAUUSD. This would give us an amazing entry for further gold sells.
Scenario 2: SELL from 2633
A deeper pullback could happen if we break to the upside from 2620. Entering in 2633 would give us an amazing opportunity to hop into sells and hold it long-term, still targeting the 2480 level.
Scenario 3: SELL from 2590
Breaks below 2590 would result in more sells on the pair. As we failed to break to the upside that would confirm the 2620 being the “pullback area” and we will most likely continue to the downside. We would be targeting 2550 and possible breaks of it. If 2550 would be broken we could start seeing more extreme sells on XAUUSD.
Personal opinion:
The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some more sell-offs in December before the year of 2024 ends.
KEY NOTES
- XAUUSD is overall bearish.
- XAUUSD sells are valid from key pullback areas 2620 and 2633.
- XAUUSD breaks below 2590 would also confirm further sells.
Happy trading!
FxPocket
Will NVDIA rise at the expense of APPLE?We have seen in the past few days the NVDIA Corporation (NVDA) to be holding its ground better than other tech giants that got more inflated during the recent run like Tesla.
What we've discovered by running some regression tests among top 30 cap stocks, is a very interesting relationship between NVDIA and Apple Inc (AAPL). Though most people might think that the two have completely parallel paths on their growth, we found out that at times, their correlation has been negative.
Our sample data starts 2 years ago from the October - November 2022 market bottom of the Inflation Crisis. As you can see, this is where the first divergence between the two stocks started, with NVDIA rising to spearhead the recovery to a new Bull Cycle, while Apple was lagging behind and falling.
What followed was a period where naturally both stocks rose, which led to the first 'Bear' stage, what we call Phase 2 where both stocks showed a synchronized weakness (with Apple correcting more however).
Then after a recovery for both to their highs, NVDIA formed a Bull Flag, which led to Phase 3 (similar to the late 2022 price action): Apple topped and started falling aggressively, while NVDIA started an impressive rally.
Again a period of price increase for both stocks followed, which has led to a new Phase 2 (July -October 2024). In line with their 2-year pattern, Apple has been rising since the November U.S. elections, while NVDIA has formed a new Bull Flag.
If the price action continues to replicate this model, then we may see a new Phase 3, where Apple starts to correct while NVDIA's Bull Flag leads to a strong rally.
So do you think potential Apple capital outflows will turn into inflows for NVDIA?
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GBP/USD--> Just One Step Away from a Further DeclineHello everyone, Ben here!
Today, GBP/USD continues to face significant challenges. The pair remains under pressure due to a negative fundamental backdrop, the strengthening of the US dollar, and the emergence of a critical resistance zone. These factors all point to the likelihood of a sustained bearish trend.
Yesterday, the UK GDP figures were released, showing no change. This lack of improvement leaves the British pound without any meaningful upward catalysts. Meanwhile, the US dollar finds support from recent market dynamics. Despite rate cuts, the dollar is gaining momentum, bolstered by hawkish rhetoric and expectations of economic growth. Against the backdrop of Trump-era policy shifts, the medium-term outlook for the greenback appears favorable.
From a technical perspective, GBP/USD is currently testing a high-risk resistance zone. If a false breakout occurs, it could trigger a short-term rebound. However, this reaction is likely to be temporary. Following such a move, the pair may target a retest of local resistance levels. Yet, the real focal point lies in the support test within the next 1–3 days, which could set the stage for a deeper decline.
A crucial level to watch is 1.2488. Should a base form at this point before any significant breakout, it would reinforce the bearish outlook and pave the way for further downward movement.
Stay sharp and trade wisely!
Yours truly, BenTradeGold.
Lingrid | GOLD Post-FED Shakeup. Possible Bearish OpportunityThe price perfectly fulfilled my previous idea. It hit the TP. OANDA:XAUUSD made a sharp decline after FED rate decision and FOMC. The price broke and closed below the lows of the past three weeks, which could lead to a fake breakout, so we should closely monitor the price action. Additionally, it broke and closed below the trendline that had supported the price for over a month. I think the market may gradually move down toward last month's low by the end of the year. With high-impact news coming today, there is potential for unexpected moves. Overall, I expect the market to bounce off the upward trendline and the resistance zone around 2640-2650, followed by another bearish move. My goal is support zone around 2570
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DXY Will Grow! Long!
Here is our detailed technical review for DXY.
Time Frame: 30m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 108.242.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 108.539 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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