Supply_and_demand
USDSGD: Pullback Expected from Resistance ZoneThe USDSGD pair is approaching a strong resistance zone around 1.37500, which aligns with a previous supply area where price has faced significant rejection in the past. This level marks a potential turning point, with price showing signs of exhaustion as it tests this key zone.
We could see sellers take control if the pair rejects this resistance. A downward move could see the price targeting the area around 1.35152.
If you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!
USDCHF Breaks Ascending Channel – Bearish Move ExpectedThe USDCHF pair has broken below an ascending channel, signaling a shift in momentum. If the price will retest the zone at 0.91200, which previously served as channel support, this area may now act as resistance, aligning with a potential bearish continuation.
The market structure suggests further downside if the rejection holds at the current levels. I anticipate that the price will move downward toward the 0.90276 level, which represents a logical target for this setup.
This setup aligns with the idea of a trend reversal after a channel break, offering a shorting opportunity on rejection from resistance.
GBPJPY at Support – Bullish Bounce ExpectedGBPJPY is trading within a key demand zone, marked by historical price reactions and strong buying pressure.
The recent bearish momentum has brought the price into this critical support zone. Given the strength of this demand area, there is a high probability of a bullish rebound if price action confirms rejection (e.g., bullish engulfing candles or long lower wicks signaling buying interest).
I anticipate a bullish move toward the 192.66 level, which represents a logical target for this setup. This setup aligns with the expectation of a short-term recovery within the broader market context.
Intraday Levels for Nasdaq 100 Futures - 01/21/2025This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
ETH: Breaking 3300 is Key for Upside MomentumKeywords: Ethereum (ETH), Cryptocurrency, Trading, Technical Analysis, Resistance, Support, Breakout, Price Action, Consolidation, Accumulation, Bullish, Bearish, Trend
ETH is currently consolidating in a tight range below the crucial 3300 resistance level. This level has been acting as a significant barrier to further upside momentum.
Price Action:
We're witnessing a classic battle between bulls and bears. Buyers are trying to push prices higher, while sellers are defending the 3300 level.
Volume has been relatively low during this consolidation phase, suggesting indecision and a potential accumulation phase.
A decisive break above 3300 would be a strong bullish signal, potentially igniting a fresh wave of buying pressure.
Technical Analysis:
The 3300 level has acted as strong resistance on multiple occasions.
A break above this level would invalidate the bearish bias and open the door for a potential move towards 3600.
Conversely, a failure to break 3300 and a subsequent drop below a key support level 3200 would increase the likelihood of further downside.
Trading Strategy:
Wait for a decisive break above 3300.
Consider entering long positions on a breakout confirmation with a stop-loss below the breakout level.
Monitor volume and price action closely for any signs of weakness.
Disclaimer: This is not financial advice. Do your own research and consult with a qualified financial advisor before making any investment decisions.
Remember:
Price action is dynamic.
Markets can be unpredictable.
Always practice proper risk management.
AUDCHF at Key Resistance: Will It Drop To 0.56714?OANDA:AUDCHF is at a significant resistance area that has consistently acted as a barrier for bullish momentum. The recent price action suggests a potential for sellers to step in and drive prices lower from this zone.
If rejection signals, such as bearish engulfing candles or upper wicks, appear, I expect a move toward 0.56714. A break above this resistance, however, could indicate a shift in market sentiment.
Traders should wait for confirmation before entering short positions and ensure proper risk management. If you have any thoughts or agree with this analysis, I’d love to hear your perspective in the comments!
Platinum – Potential Short Setup with RetestPlatinum is currently trading below a key resistance zone, following a breakdown from the ascending channel. The recent bearish momentum indicates the potential for a continuation lower if the price fails to reclaim the resistance zone.
If the price retests this zone and shows rejection signals—such as bearish wicks, engulfing candles, or decreased buying pressure—it would strengthen the case for a short trade. In this scenario, the next target for sellers would be the $926.94 support zone, where buying interest may re-emerge.
This setup aligns with the broader bearish structure following the channel breakdown. Traders should monitor price action closely at the resistance level for confirmation of rejection before entering short positions.
GBPCAD - Bullish Setup at Key Support ZoneThe GBPCAD pair is currently approaching a significant demand zone that has historically acted as a strong support level, leading to bullish reversals. The recent downward momentum brings the pair into this area, where buyers might regain control.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would indicate a potential upward move. If buyers step in, the price may head toward the 1.77424 level.
This setup suggests a possible short-term rebound in line with the broader market structure.
NZDCAD - Potential Long from Support ZoneThe NZDCAD pair is currently approaching a significant demand zone near the 0.80200 level. Historically, this area has acted as strong support, leading to bullish reversals. The recent decline into this zone suggests a potential for buyers to regain control and push prices higher.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would support the likelihood of a move upward. If the scenario materializes, the price may head toward the 0.81438, where sellers might step in again.
This setup aligns with a potential short-term rebound within the broader market structure. Traders should wait for confirmation of buying pressure before considering long positions.
What are your thoughts on this outlook?
BCHUSD at Key Support – Potential Buy SetupCOINBASE:BCHUSD is trading within a significant demand zone where buyers have previously stepped in, causing strong reversals. The recent pullback into this area indicates the potential for a bullish reaction.
If the price shows bullish confirmation—such as engulfing candles or wicks rejecting lower prices—a move toward the 460.00 level is expected. This zone could act as a base for buyers to regain control.
However, if the price breaks below this support zone, the bullish outlook will be invalidated, and further downside could follow.
EURCAD at Major Resistance – Short Opportunity Ahead?OANDA:EURCAD is currently testing a significant resistance zone. This area has seen strong selling pressure, leading to notable bearish moves. The recent bullish push into this resistance zone suggests a potential for sellers to regain control.
A bearish confirmation, such as rejection candles, bearish engulfing patterns, or long upper wicks, would increase the probability of a downward move. If this scenario unfolds, the price could head toward the 1.49017 level.
Traders should remain cautious and wait for clear signs of selling pressure before considering short positions. Proper risk management is essential, given the possibility of a break above the resistance zone.
EURCAD Testing Key Resistance Zone - Short Setup PotentialOANDA:EURCAD is testing a significant resistance zone, marked by historical price rejections and strong supply on the 4H timeframe. Given the overextended move into resistance, we could see a reversal if the price shows clear signs of rejection. Look for bearish confirmation signals such as a pinbar, long upper wicks, or bearish engulfing candles. If sellers regain control at this level, I anticipate a move downward toward the 1.49110 level.
GBPCAD - Potential Buy From Key Support ZoneThe GBPCAD pair is approaching a significant demand zone, highlighted by prior price reactions and a strong historical support area. The market structure suggests the potential for a reversal at this level. The overall context indicates that buyers may take control, pushing the price higher.
I anticipate that if the price shows a clear rejection from the demand zone, the market may move upward toward the 1.77372 level. This setup aligns with the idea of trend exhaustion near support.
If you have any additional insights or agree with this analysis, feel free to share your thoughts!
NZDCAD - Potential Buy From Key Support ZoneThe NZDCAD pair is approaching a significant demand zone marked by prior price reactions. This area aligns with a key support level, and the market structure hints at a potential reversal. The overall context suggests that buyers may take control at this level, leading to an upward move.
I anticipate that if the price shows a clear rejection from the demand zone, the market may head higher toward the 0.81446 level. This setup aligns with the idea of trend exhaustion near support.
If you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!
Finding Entry Points: Analysis of Key LevelsHey traders and investors!
Every day in the Bitcoin market brings new opportunities but also involves risks. How can traders identify buyer and seller zones for their trades? Let's analyze the current situation and find the best entry points.
In this review: key levels 99,550 and 107,050 USDT, price movement forecasts, and strategies for identifying entry points.
Analysis of Bitcoin/USDT Chart (1D Timeframe)
The price has formed a range in which 10 vectors have already been realized.
Range Boundaries
• Upper boundary of the range: 108,353 USDT.
• Lower boundary of the range: 89,256.69 USDT.
Movement Vectors
The penultimate realized vector — 9-10, ended in the buyer zone (marked with a green rectangle on the chart). From the buyer zone, a buyer resumed and realized the vector — 10-11, which updated the ATH. Formally, the vector has played out, and the seller vector 11-12 with a target of 99,550 USDT can be expected.
Volumes
The chart highlights bars with increased volumes, signaling significant buying or selling activity. Special attention is drawn to the bar on January 20, 2025, where the price sharply moved up, but this movement met seller resistance, forming a large buying tail. At the same time, the volume remained concentrated at the top. On one hand, it is a buyer's bar; on the other hand, the large tail and concentrated volume at the top suggest mixed signals.
Let’s move to the 1H timeframe to understand the situation better and define levels for finding entry points.
Analysis of Bitcoin/USDT Chart (1H Timeframe)
The price has formed a range in which 9 vectors have already been realized.
Range Boundaries
• Upper boundary of the range: 109,588 USDT.
• Lower boundary of the range: 99,550 USDT.
Movement Vectors
The last realized seller vector: 9-10. The current buyer vector: 10-11, with a potential target of 107,050 USDT.
Finding Entry Points for Buying and Selling
Buying patterns can be identified if the buyer defends the level 99,550 USDT.
Selling patterns can be considered if the seller defends the level 107,050 USDT, or after breaking the lower boundary of the range and the seller defends this break. Looking for selling opportunities after a range breakout downward is risky, with a potential downside range of 95,000 – 94,000 USDT.
I wish you profitable trades!
EURCAD - Potential Sell From Resistance ZoneEURCAD is testing a major resistance zone that has previously led to significant bearish reversals. The recent bullish momentum into this area increases the likelihood of seller interest.
If bearish confirmation emerges, such as rejection wicks, bearish engulfing candles, or increased selling volume, I anticipate a move toward 1.48608. However, a breakout above this resistance could signal further bullish continuation.
Traders should remain cautious and wait for clear signals of rejection before taking positions. Agree with this analysis? Let’s discuss further in the comments section!
FRA40 at Critical Resistance Zone: Bearish Move Ahead?FX:FRA40 is currently trading within a significant resistance zone. This area has previously acted as a turning point, suggesting the potential for a bearish reversal if sellers regain control.
The current price action indicates that the market is testing this resistance zone, and any signs of rejection, such as bearish candlestick patterns or wicks signaling supply absorption, could confirm a potential move to the downside.
If the resistance holds, I anticipate a downward move toward the 7,573.08 level, which is a logical target for potential profit-taking.
AUDHUF Testing Key Demand Zone: Bullish Bounce Ahead?PEPPERSTONE:AUDHUF is currently trading within a significant demand zone, marked by historical price reactions and a concentration of buyer activity. This area has previously acted as a strong support level, suggesting the potential for a bullish reversal if buyers regain control.
The current price action indicates the market is testing this demand zone, and signs of bullish momentum, such as bullish candlestick patterns or a higher low formation, could confirm a potential upward move.
If the demand zone holds, I anticipate a move toward the 248.570 level, which is a logical target for short-term bullish momentum.
EURUSD at Key Resistance - Will it Drop to 1.03628?EURUSD is at a critical resistance zone that has consistently acted as a barrier for bullish momentum. This area aligns with prior supply levels and may attract seller interest.
If rejection patterns, such as bearish engulfing candles or long upper wicks, appear, I anticipate a move toward 1.03628. Conversely, a break above this resistance could indicate a shift in sentiment.
Traders should monitor this zone closely and wait for confirmation before entering short positions. If you have anything to add or a different perspective, I’d love to hear from you in the comments!
EURCAD: Sell Setup at Key ResistanceEURCAD is approaching a key resistance area, marked by historical price reactions and strong selling pressure. If bearish confirmation emerges, such as strong upper wicks or bearish candlestick patterns, I expect the price to move toward 1.48645. A breakout above this resistance, however, would invalidate the bearish scenario.
Traders should remain cautious and use proper risk management when approaching this level.
GOLD at Key Resistance Zone – Potential Bearish CorrectionGOLD is at a significant resistance zone, marked by historical price rejections and heightened interest from sellers in the past. If the price confirms a rejection from this resistance level, I anticipate a short-term bearish move toward the 2,692.88 level, which represents a logical target within the current market structure. This setup aligns with the expectation of a correction after a sharp rally into resistance.
Traders should monitor this zone closely for rejection signals, such as bearish candlestick formations or increased selling pressure, to confirm the likelihood of a pullback.
GBPCHF at Key Support – Bullish Bounce ExpectedGBPCHF is approaching a key demand zone, marked by historical price reactions and strong buying pressure in the past. This area has consistently acted as a turning point, where buyers regained control, driving prices higher.
There is a high probability of a bullish reversal if price action confirms buying pressure (e.g., bullish engulfing candles or long lower wicks signaling rejection).
I anticipate a bullish move toward the 1.11691 level, which represents a logical target within the current market structure.