AUDCHF at Key Demand Zone – Potential Rebound?OANDA:AUDCHF has reached a key demand zone, where buyers have historically stepped in to push prices higher. This area has previously acted as a significant support level, making it a crucial point to watch for potential reversal signals.
If price shows clear bullish confirmation, such as rejection wicks or bullish candlestick patterns, we could see a rebound toward the 0.56550level, aligning with a potential short-term uptrend. However, a break and close below this support zone would invalidate the bullish outlook and could lead to further declines.
Traders should wait for confirmation before entering long positions to avoid potential false breakouts.
Do you agree with this analysis? Share your thoughts below!
Supply_and_demand
NZDJPY at Key Support Level – Rebound Toward 86.660?OANDA:NZDJPY is approaching a significant support zone, marked by prior price reactions and strong buying pressure. This area has historically served as a key demand zone, suggesting the potential for a bullish reversal if buyers step in.
The current market structure indicates that if the price confirms a rejection from this support zone, there is a high probability of an upward move. I anticipate that if buyers defend this level, the market may head higher toward the 86.660 target, which represents a logical target within the current market structure. However, a break below this support would invalidate the bullish bias and could lead to further declines.
If you have any thoughts on this setup or see an alternative perspective, feel free to comment!
CADCHF at Major Support Level – Bullish Rebound ExpectedOANDA:CADCHF is approaching a significant support zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key demand zone, indicating the potential for a pullback if buyers regain control.
The current market structure suggests that if the price confirms a rejection from this support zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 0.62870 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!
Move toward the level of 73,000 unitsAccording to the January 21 analysis, after identifying the trading range and determining its highs and lows, we expected Bitcoin to complete this pattern at 92,303.
However, after reaching this level on the daily timeframe, the price made a strong spike, breaking the large trading range between 92,303 and 106,436, entering a new phase and movement.
After its adventure at 86,903, this asset continued its downward movement, breaking through this range as well. Currently, it has reached a new price level at 80,000, driven by the strong spike movement.
Now, we must wait to see whether this direct movement will continue or if it will proceed with some delay and consolidation.
It is important to note that if this level is lost, Bitcoin’s price on the daily timeframe could potentially extend its move down to 73,000, which is also the expected level. The reason is that such a strong spike movement requires a powerful support level for correction or a temporary halt in this dominant wave.
BTCUSDT. We can start looking for medium-term purchases.Hey traders and investors!
Looks like price is close to downside targets as expected in the linked post.
I assume that the most capitalized coins have not yet reached their short targets (for example BTC, BNB, SOL). This means that there will probably be further price reductions.
The price has almost reached the level of 50% of the last impulse on the monthly TF.
We can start looking for medium-term purchases.
I wish you profitable trades!
GBPNZD at Key Resistance: Rebound Toward 2.20986?OANDA:GBPNZD has reached a significant resistance zone, marked by historical price rejections and strong selling pressure. This area has previously acted as a key supply zone, increasing the probability of a bearish reaction if sellers regain control.
The current market structure suggests that if price confirms a rejection from this resistance zone, we could see a potential drop toward the 2.20986 level. This level aligns with previous price reactions and serves as a logical downside target. However, a break and close above this resistance zone would invalidate the bearish bias and could signal further upside continuation.
Traders should look for bearish confirmation signals such as rejection wicks, bearish engulfing patterns, or increased selling volume before considering short positions.
This setup reflects the potential for a pullback after a strong bullish move, supported by historical price action and market structure.
Do you agree with this analysis? Share your thoughts in the comments!
AUDUSD at Key Demand Zone – Potential Rebound?OANDA:AUDUSD has reached a significant demand zone, marked by historical price reactions and strong buying pressure. The recent decline has brought the price into this key support area, increasing the likelihood of a potential bullish reaction.
If buyers step in and confirm support within this zone, we could see a rebound toward the 0.63260 level, aligning with a corrective move after the recent sell-off. However, a break below this demand zone would invalidate the bullish bias and could signal further downside continuation.
Traders should watch for bullish confirmation signals such as rejection wicks, bullish engulfing patterns, or increased buying volume before considering long positions.
Do you agree with this analysis? Let me know your thoughts!
NAS100 at Key Support – Bullish Rebound Ahead?PEPPERSTONE:NAS100 is currently testing a major demand zone, which has previously acted as strong support. The recent bearish move has brought price into this key area, increasing the probability of a potential bullish reversal.
If buyers step in and defend this zone, we could see a bounce toward the 21,655 level, aligning with a short-term recovery from the current dip. However, a break and close below this support zone would invalidate the bullish bias and could lead to further declines.
Traders should look for bullish confirmation signals such as rejection wicks, bullish engulfing candles, or a shift in momentum before considering long positions.
Do you agree with this analysis? Drop your thoughts below!
AUDCAD at Key Resistance – Will Sellers Step In?OANDA:AUDCAD has reached a significant resistance zone, highlighted by previous price rejections and strong selling pressure. This area has historically acted as a supply zone, increasing the likelihood of a pullback if sellers step in.
The current market structure suggests that if the price confirms a rejection from this resistance, we could see a move lower toward the 0.90200 level, a logical target based on past price behavior and current market structure.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
WHEAT at Key Support Zone – Bullish Bounce ExpectedPEPPERSTONE:WHEAT has approached a key support zone, marked by previous price reactions and strong buying interest. This area has previously acted as a demand zone, increasing the likelihood of a bullish bounce if buyers step in.
The current market structure suggests that if the price confirms support within this zone, we could see a reversal toward 573.0, a logical target based on prior price behavior and current structure. A clear bullish signal, such as a rejection wick or bullish engulfing candle, would strengthen this outlook.
However, if the price breaks below this support zone, the bullish scenario may be invalidated, signaling potential further downside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
NICKEL - Sell Setup at Key Resistance LevelPEPPERSTONE:NICKEL has reached a significant resistance zone, highlighted by previous price reactions and strong selling interest. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers regain control.
The current market structure suggests that if the price confirms resistance within this zone, we could see a bearish move. A successful rejection could drive the price toward 15.6220, a logical target based on previous price behavior and the current market structure. However, if the price breaks above this zone, the bearish outlook may be invalidated, opening the door for further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
EURNZD: Potential Sell Setup at Key Resistance LevelOANDA:EURNZD is approaching a significant resistance zone, marked by prior price rejections and strong selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers regain control.
The recent bullish momentum has brought price back into this zone, making it a crucial level to watch. If sellers step in and confirm resistance, we could see a decline toward the 1.82920 level. However, a break above this resistance zone would invalidate the bearish bias and could signal further upside continuation.
Traders should watch for confirmation signals such as rejection wicks, bearish engulfing patterns, or increased selling volume before considering short positions.
WTI Crude Oil at Critical Support – Rebound Toward 72$?TVC:USOIL has reached a key demand zone, which has historically provided strong support. The recent decline has brought the price back into this area, increasing the probability of a bullish reaction if buyers step in.
The current market structure suggests that if the price confirms support at this level, we could see a rebound toward 72$, aligning with a corrective move after the recent sell-off. However, a break below this demand zone would invalidate the bullish bias and could lead to further downside.
Traders should watch for bullish confirmation signals, such as rejection wicks, bullish engulfing candles, or increased buying volume, before considering long positions.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
NICKEL - Buy Setup at Key Support LevelPEPPERSTONE:NICKEL has reached a significant support zone, highlighted by previous price reactions and strong buying interest. This area has historically acted as a key demand zone, increasing the likelihood of a bullish bounce if buyers step in.
The current market structure suggests that if the price confirms support within this zone, we could see a bullish reversal. A successful rebound could push the pair toward 15,578, a logical target based on previous price behavior and the current market structure. However, if the price breaks below this zone, the bullish outlook may be invalidated and we could potentially see further downside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
GBPNOK at Key Resistance – Potential Drop to 14.0670FOREXCOM:GBPNOK has reached a significant resistance zone, highlighted by previous price reactions and strong selling interest. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers step in.
The current market structure suggests that if the price confirms resistance within this zone, we could see a bearish move. A successful rejection could push the pair toward the 14.06700 level, a logical target based on previous price behavior and current market structure.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
STOXX50 Maintains Bullish Momentum — Targeting $5,605ICMARKETS:STOXX50 remains within a well-defined ascending channel, with the price showing a rebound from the midline of the channel. This suggests a continuation of the broader uptrend, with the next potential target near 5,605, aligning with the upper boundary of the channel.
A minor pullback could present a potential entry opportunity if buyers maintain control. Confirmation through bullish candlestick patterns—such as bullish engulfing or hammer formations—may strengthen the bullish case and drive momentum toward the 5,605 level.
A breakdown below the channel’s lower boundary would invalidate the bullish outlook and could indicate a potential shift in market direction. Monitoring how price reacts around the midline will be crucial for assessing continued bullish momentum.
Remember, always confirm your setups and trade with solid risk management. Best of luck!
GBPAUD - Short Setup at Key Resistance LevelOANDA:GBPAUD is approaching a major resistance zone, an area where sellers have consistently stepped in, leading to notable reversals in the past. This level is marked by strong selling interest and historical price reactions, increasing the likelihood of a bearish move if sellers regain control.
The current price action suggests that if the pair confirms resistance through bearish engulfing candles, long upper wicks, or increased selling volume, we could see a downward move toward the 1.99200 level. However, if the price breaks above this zone, the bearish outlook could be invalidated, opening the door for further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
NZDUSD at Key Support - Bullish Continuation SetupOANDA:NZDUSD has broken above a key resistance zone, which has now flipped to support, aligning with a potential bullish continuation. The recent retest of this level held successfully, indicating strong buyer interest and reinforcing the bullish outlook.
After making a new high, price has now pulled back for another retest of this support zone, presenting a potential continuation setup.
If buyers step in at this level, the price could resume its upward momentum toward 0.57610 as the next key target. A strong rejection from this zone would further confirm bullish strength.
However, a deeper breakdown below the support area could indicate a shift in momentum. Monitoring price action for bullish confirmation will be key before entering long positions.
What’s your outlook on this setup? Let me know your thoughts!
AUDJPY at Key Support Level – Potential Rebound to 95.900OANDA:AUDJPY has reached a significant demand zone, where past price action shows strong buying interest. This area has historically acted as a key support, increasing the likelihood of a bullish reaction if buyers re-enter the market.
If the support holds, a bullish reversal could push the pair toward 95.900, a logical target based on previous price behavior and market structure. Confirmation signals to watch for include bullish engulfing candles, long lower wicks, or increased buying volume, which would strengthen the case for an upside move.
However, if the price breaches this zone and sustains below it, the bullish outlook may be invalidated, increasing the likelihood of further downside. Monitoring candlestick patterns and volume at this critical level is crucial for identifying potential trade opportunities.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
GBPCAD at Key Resistance: Potential Selling Opportunity to 1.789OANDA:GBPCAD is trading near a robust resistance zone that aligns with prior price rejections. This area has previously attracted strong selling interest, making it a critical point to watch.
If bearish confirmation appears, such as strong upper wicks or bearish candlestick patterns, I anticipate a move toward 1.78900. But a break above this level could signal further upside and invalidate the bearish setup.
-Carefully evaluate price action at this zone before entering positions.
-Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
EURAUD - Short Setup at Key ResistanceOANDA:EURAUD is approaching a significant resistance area that has before reversed bullish trends. The current upward move into this zone suggests potential selling opportunities if rejection signals appear, such as bearish engulfing candles or upper wicks.
I find that a move toward 1.65180 is likely.
A break above this resistance, however, could indicate a shift in market sentiment.
Just my take on support and resistance zones—not financial advice.
Always confirm your setups and trade with solid risk management.
GBPNZD - Potential Sell Opportunity at Resistance LevelOANDA:GBPNZD is approaching a significant resistance zone, marked by previous strong price rejections. This area has consistently acted as a turning point, suggesting the potential for another bearish reaction if sellers step in.
If the price shows clear signs of rejection from this resistance zone, I anticipate a move downward toward the 2.20620 level, which serves as a logical target for this setup. Conversely, a clean breakout above the resistance zone could signal a potential bullish continuation.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions. Let me know your thoughts or any additional insights you might have!
ALUMINIUM at Key Resistance – Potential Drop to 2,630FUSIONMARKETS:XALUSD has reached a significant resistance zone, marked by prior price rejections and strong selling pressure. The current market structure suggests that if the price confirms a rejection from this resistance zone, there is a high likelihood of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 2,630 level, which represents a logical target within the current market structure.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.