USDJPY / TRADING BELOW RESISTANCE TRENDLINE - 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
USDJPY , is currently trading below the turning level of 145.446 and remains below the resistance trendline, indicating downward momentum. There are two potential scenarios:
The first scenario, Current price is trading below the resistance trend line at 145.446, If the price remains below this level, it is expected to decline , Target levels for this decline are 142.226 and, potentially, 140.745.
The second scenario , If the price breaks above the resistance trend line at 145.446 and stabilizes above it , It suggests a potential increase , Target levels for the increase are 147.516 and, potentially, 149.310.
UPWARD LEVEL : 147.516 , 149.310.
DOWNWARD LEVEL : 142.226 , 140 .745.
Supportandresistancezones
NAS100USD / TRADING INTO SENSITIVE AREA - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Current Market Analysis:
The current price is trading within a sensitive range, specifically between the support level at 18,688 and the resistance level at 19,088. The direction of future price movements will largely depend on a breakout on either side of this range.
- Downward Condition:
If the price breaks below 18,688 and stabilizes beneath this level, it may signal a potential decline. In this case, the price could drop to test the next support levels at 18,317 and 17,876.
-Upward Condition:
Conversely, if the price breaks above 19,088 and stabilizes above this resistance, it may indicate a bullish move. The price could then rise towards 19,535, and if momentum continues, it may further ascend to 19,844.
Upward Target :
19,535 , 19,844.
Downward Target :
18,317 , 17,876.
USOIL / TRADING ABOVE SUPPORT LEVEL - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
The First Scenario , The support level at 65.35 acts as a critical threshold; as long as prices remain above it, buyers dominate, pushing the price towards 68.74 and then 69.98. This rise reflects increased confidence in an uptrend. For the trend to be fully confirmed, prices must stabilize above 69.98, signaling sustained momentum, which could lead to a further increase to 71.59.
The Second Scenario , if the price breaks below 65.35 and stabilizes, it indicates a shift in market sentiment, with sellers gaining control and potentially driving the price down to 63.35, followed by 62.65 This technical analysis underscores the importance of price levels in predicting future market movements and investor behavior.
UPWARD TARGET :
68.74 , 69.98 , 71.59 .
DOWNWARD TARGET :
63.35 , 62.65 .
Silver is Rising!With the weakening of the U.S. labor market, expectations for a 25 basis point rate cut by the Fed remain intact. In this context, U.S. 10-year Treasury yields have turned downward. The dollar's depreciation in yesterday's session led to a recovery in commodities, supporting a rebound in silver prices from the 27.75 level. The inflation data to be released today will provide further clues regarding the extent of the Fed's interest rate cuts.
From a technical perspective, if prices hold above the 28.90 resistance level, a rise to 30.0 and then to 30.80 could occur. On the downside, if the price falls below the 27.75 support level, it could decline to 26.75 and then to 25.70.
NAS100USD / TRADING BELOW TURNING LEVEL - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
NAS100USD is currently trading below the turning level of 19,088 , indicating downward momentum. There are two potential scenarios:
The First Scenario, the asset is trading below the turning level of 19,088, it indicates a bearish sentiment .The immediate support level is at 18,317. If the price breaks this support, the next support level is 17,876,The price staying below 19,088 suggests a continuation of the downward trend. Support levels at 18,317 and 17,876 provide potential targets where the price could find buying interest or further decline.
The Second Scenario, For an upward movement, the asset needs to break above the turning level of 19,088 and stabilize above it , If the asset closes a 1-hour candle above 19,088, it could move towards 19,535, and possibly reach 19,844,Breaking and stabilizing above 19,088 indicates a shift in sentiment from bearish to bullish. The price targets of 19,535 and 19,844 are based on potential resistance levels or previous highs that could attract further buying.
XAUUSD / STILL CONTINUES A DOWNTREND - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
overall , prices under downward pressure , until trading below 2,507$ , yesterday prices rising to reach turning level , currently trading below it , have two scenario .
The first scenario, where gold prices remain below2,507$, suggests a downtrend because this level is acting as resistance. If prices continue to struggle below this threshold, it increases the likelihood of further declines toward the support levels at 2,491$ and 2,472$. Breaking and stabilizing below the supply zone between 2,472$ and 2,459$ would confirm a bearish trend, as it indicates that sellers are overpowering buyers, driving prices down.
In the second scenario, if the price closes a 4-hour candle above 2,507$, it signals bullish momentum. This would likely push prices to test the next resistance levels at2,519$ and 2,531$. Additionally, if the price stabilizes above 2,526$, it would suggest a breakout from the current range, potentially driving prices to new historical peaks around 2,551$. This is because breaking through key resistance often signals strong buyer interest, pushing prices higher.
KEY LEVELS :
Turning Level : 2,507$.
Resistance Levels : 2,519$ , 2,526$ , 2,531$.
Support Levels : 2,491$ , 2,472$ , 2,459$.
USOIL / UNDER UPWARD PRESSURE - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
USOIL is currently trading above the turning level of 67.09 and remains above the support trendline, indicating upward momentum. There are two potential scenarios:
The First Scenario , USOIL's trading above 67.09 and staying above the support trendline signals strong buying interest, which suggests upward pressure. The target of 69.98 is a logical resistance level, followed by 71.59, which marks the next significant zone. Stabilization above 71.59 and 72.20 would confirm the strength of the uptrend, as breaking these levels would show that demand is outpacing supply, leading to further price gains.
The Second Scenario , If USOIL fails to maintain the 67.09 level and closes below it on a 1-hour or 4-hour chart, it indicates bearish momentum. This would increase the likelihood of a decline toward 65.35 and 63.67, the next significant support levels. A break below 65.35 could trigger a stronger downtrend as it would suggest sellers are gaining control, particularly if the price falls below the descending channel, reinforcing the bearish sentiment.
KEY LEVELS :
Turning Level : 67.09.
Resistance Levels : 69.98 , 71.59.
Support Levels : 65.35 , 63.67.
DAX Index Recovers Its Losses!Following the release of the U.S. non-farm payroll report, which came in below expectations, market risk appetite weakened. The DAX index also accelerated its decline, targeting the 18,257 support level. Expectations for a Fed rate cut have strengthened to 50 basis points, while the ECB is expected to lower rates by 25 basis points at its meeting this week.
Technically, if the 18,285 level is broken on the downside, a pullback could extend first to the 18,075 support and then to 17,920. On the upside, if the price holds above the 18,500 resistance, buying could push the index first towards the 18,700 resistance and then to 18,900.
USDJPY / BREAKOUT THE CHANNEL - 1DUSDJPY / 1D TIME FRAME
HELLO TRADERS
Currently, prices are experiencing downward pressure and are trading below the turning level of 146.893. This suggests a bearish trend, especially after a breakout from the ascending channel. As long as prices remain below 146.893, the expectation is for them to move towards the next support level at 140.991. Should prices stabilize below this support level, the bearish trend may continue, targeting a further decline to 139.341.
On the other hand, if prices break above 146.893 and stabilize above this level, particularly above the Fair Value Gap (FVG), we could see a reversal in the trend. This bullish shift would suggest a potential rise in prices, with initial targets set at 152.034. If the upward momentum continues, prices could further increase to reach the target of 154.890.
KEY LEVELS :
Turning Level : 146.893 .
Resistance Levels : 152.034 , 154.890.
Support Levels : 140.991 , 139.341 .
USOIL / TRADING BELOW SUPPLY ZONE - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
Prices are currently on a downward trajectory, trading below the identified supply zone at approximately 70.04 and 69.21. The market is now approaching the support level at 67.27. There is a possibility of a brief retest of the supply zone before the price continues its decline towards the next support levels, which are around 66.87 and 65.58.
Conversely, if the price manages to break above the resistance level at 70.04, this would suggest a potential upward movement. In this case, the next target would be the resistance level at 71.54. For a confirmed upward trend, the price would need to break and maintain stability above 71.54. Achieving this could lead to further gains, with the next resistance target being around 74.03.
KEY LEVELS :
Supply Zone: 70.04 , 69.21 .
Resistance Levels : 71.54 , 74.03 .
Support Levels : 67.27 , 66.87, 65.58 .
XAUUSD / UNDER BEARISH PRESSURE - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
overall , prices under bearish pressure until trading below turning level at 2,507$
The price level of $2,503 acts as a resistance, meaning that as long as prices stay below this point, the market sentiment remains bearish. A break below $2,490 confirms a downtrend because it indicates that sellers are in control, and the next lower support levels ($2,472 and $2,459) become targets for further declines.
On the upside, breaking above $2,507 would suggest bullish momentum, as the price would surpass the initial resistance. If prices continue to rise and close above $2,519 on a 4-hour chart, it would confirm that buyers have taken control, signaling the potential for a move towards the next target of $2,531.
KEY LEVELS :
Turning Level : 2,507$ , 2,590$ .
Resistance Levels : 2,516$ , 2,519$ , 2,531$ .
Support Levels : 2,490$ , 2,472$ , 2,459$ .
DUOL: Price structure (upd)
The corrective structure for wave (2) looks to be complete. Next important mid-term resistance area: 248-345 (0.382-0.618% extension of wave (1)-(2)). In this resistance zone price may form a potential handle in long CaH patter before breaking out into long term uptrend towards next macro resistance zone: 589-820 and beyond (if following support structure holds)
Proposed structure is valid if price holds above august's lows (144)
Previous idea from Dec 2018 with updates:
Thank you for your attention!
SWING IDEA - ERISStock is currently trading near its Multi Year Support/Resistance zone of 836.
While 836 has been a strong Resistance/Rejection point twine in 2018 and 2021, this has turned out to be a good Support point currently since Sep 2023 during multiple revisits.
MACD Cross is also under play at this time.
If all goes well, the stock could start seeing some new highs in the coming weeks.
Stock has also had a good Earning report this past week, so lets hope for a move upward.
Note: Stock has been consolidating in the same zone for nearly 6 months now. With good volumes, it could very well see new highs.
BTCUSDT / UNDER UPWARD PRESSURE - 1DBTCUSDT / 1D TIME FRAME
HELLO TRADERS
Tendency , prices is under upward pressure until prices trading above 52.047 .
The current upward pressure on prices is supported by the fact that they are trading above the key level of 52,047. Staying above this level signals continued bullish momentum, with projections suggesting potential gains toward 57,112 and eventually reaching 64,853, a key supply zone where sellers may step in. For the uptrend to be confirmed, prices need to break through this supply zone.
However, if prices drop below the turning level of 52,047 and a daily or 4-hour candle closes beneath it, this would indicate a potential reversal. In such a case, prices could fall to 46,981, with further downside potential to 44,019. A confirmed downtrend would require prices to stabilize below the 46,981 support level, signaling stronger bearish sentiment.
KEY LEVELS :
Turning Level : 52,047.
Resistance Levels : 57,112 , 64,853.
Support Levels : 46,981 , 44,019.
DOGECOIN / TRADING INTO DESCENDING CHANNEL - 4HDOGECOIN / 4H TIME FRAME
HELLO TRADERS
The overall trend is downward , until trading below turning level at 0.102
The asset's price action suggests a potential downtrend as it currently trades below the key level of 0.102. This level often acts as a significant turning level , so trading below it indicates bearish momentum. A further decline to 0.094 is expected because it represents the next logical support level where buying interest might increase. If this level fails to hold, the price could drop to 0.084, a stronger support that might prevent further declines.
However, if the price can break above the 0.102 level and sustain that move, it would indicate a shift in market sentiment from bearish to bullish. This could lead to a rally towards 0.112, a resistance level that could attract selling pressure. A continued move higher might take the price to 0.121, where significant resistance could be encountered.
KEY LEVELS :
TURNING LEVEL : 0.102 .
RESISTANCE LEVELS : 0.094 , 0.084 .
SUPPORT LEVELS : 0.112 , 0.121 .
XRPUSDT / REMAIN BELOW ASCENDING CHANNEL - 4HXRPUSDT - 4H
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 0.58 .
The prices are currently trading below the ascending channel and are likely to attempt a retest to reach the turning point at 0.58 before beginning a decline toward the support level at 0.54, with a further drop expected down to 0.52.
However, if the 0.58 level is broken and a 4-hour candle closes above it, the price may rise toward the first resistance level at 0.62, and potentially further to 0.65
KEY LEVELS :
Turning Level : 0.58 .
Resistance Levels : 0.62 , 0.65 .
Support Levels : 0.54 , 0.52 .
NOTUSDT / UNDER DOWNWARD PRESSURE - 4HNOTUSDT / 4H TIME FRAME
HELLO TRADERS
The overall trend remains downward as long as trading stays below the turning level of 0.009 .
It is reasonable to expect that prices will remain under downward pressure as long as they stay below the turning level of 0.009 because this level acts as a critical resistance point. Without a decisive break above it, sellers maintain control, leading to potential declines toward the next support levels at 0.007 and 0.006.
The requirement for a 4-hour or 1-hour candle close above the turning level to signal an upward move is justified by the need for confirmation that the market has gained enough bullish momentum to push prices higher. Once this occurs, the path toward the resistance levels at 0.011 and 0.013 becomes more likely, as it indicates that buyers are regaining control.
KEY LEVELS :
Turning Level : 0.009
Resistance Levels : 0.011, 0.013
Support Levels : 0.007 , 0.006
Sell AUD/USD Bearish Flag The AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.6733, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.6662
2nd Support – 0.6626
Stop-Loss: To manage risk, place a stop-loss order above 0.6760. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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Best Regards, KABHI FOREX TRADING
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