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GBPUSD: Sell any retracements towards 1.3145-65 for 1.3080-90GBPUSD is in a downtrend in the short term with Weekly, Daily and 4H charts technical picture favoring the continuation of the move lower. Strategy: SELL at current levels and at any advance towards 1.3145-60 STOP LOSS above 1.3205 TP: 1.3085 or 1.3055-60 MULTITIME FRAME TECHNICAL PICTURE AND ANALYSIS Weekly: Reversal Weekly Bar at double channel top Daily: Reversal Patterns and RSI Double top 4H: H&S pattern pointing lower
Short
by Chartist-Trading
1
$BTC Update - Can bitcoin price touch $100-150K milestone?I have already shared bitcoin fundamental confirmations on X. Here are some technical confirmations related to bitcoin 👇 1. Major Bull flag pattern! 2. Big supply at $68K-58K has been succesfully flipped. 3. Hash Ribbon Buy signal! 4. Pi Cycle indicates BTC is yet to form a cycle top! 5. Weekly 50, 100, 200 EMA as support! 6. NO weekly or monthly RSI bearish divergence. Monthly RSI has not yet touched 85-90. 7. Binance funding rates turned negative for the first time since September 2023. IF YOU LIKE THIS UPDATE, PLEASE BOOST & FOLLOW. THANKS.
BITSTAMP:BTCUSDLong
by cnb006
4
USDNOK Is Still Eyeing June LowsUSDNOK is sideways for the last two years that looks like a triangle within uptrend. It's an ABCDE pattern where wave E can be in play, ideally still to the lower side of a range for subwave (C) after the recent subwave (B) rally. Notice that we see price turning sharply and impulsively from the upper triangle resistance line as expected, so wave (C) is in full progress which can push the price down to 10.30 - 10.00 support zone before we will see stabilization and recovery. USDNOK is not at the June lows yet, so we believe it's still in wave 4 correction before a continuation lower for wave 5 towards 10.30 – 10.00 zone. Ideal resistance is at 10.60 – 10.70 area.
Short
by ew-forecast
3
EURUSD Is Rising In An Impulsive Five-Wave CycleEURUSD is coming higher, possibly breaking out of a triangle on a higher time frame chart, as market breaks above 1.1140, so it seems that some big moves can be happening. In fact, we clearly see higher highs and higher swing lows on 4h time frame, that looks like a wave 3 from the last two weeks, so more upside can be coming after a current pullback. Support on dip for wave four is at 1.11, from where market can be headed up to 1.1250-1.13. Trend will change below 1.10.
Long
by ew-forecast
DYM - A Strong reversal is in-progress#INJ/USDT #Analysis Description --------------------------------------------------------------- + After recent downtrend price has formed a strong double bottom pattern + We are seeing a strong reversal and price is expected to breakout from the resistance --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.656 Stop Loss: 1.129 ------------------------------ Target 1: 2.035 Target 2: 2.568 Target 3: 3.240 Target 4: 4.175 Target 5: 5.997 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Keep your eyes on the RBNZ rate decision!Expect some action after the RBNZ rate decision. Watch the video for more details. FX_IDC:NZDUSD EASYMARKETS:NZDUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Will the 2800 zone act as a strong resistance in the near term?After breaking the 2800 area, we are now approaching it from the other side. Will it act as a strong resistance, or will we break back above it? For more information, watch the video. CRYPTO:ETHUSD EASYMARKETS:ETHUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:ETHUSD
by easyMarkets
Can EURUSD revisit the psychological 1.1000 zone?With the expectation of rate cuts from the Fed, EURUSD might experience buying interest, at least in the near term. Watch the video for more details. FX_IDC:EURUSD EASYMARKETS:EURUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Is JASMY done? Taking a look at the daily chart, we see JASMY has been in a down trend (lower highs and lower lows) since the beginning of June falling back into this consolidation range where it was bound for 3 months during February - May. The fact that price has made a complete retracement of the breakout and back into the old consolidation channel, testing its low, is not a good sign to me. The yellow lines on the chart represent the consolidation's boundaries with the top acting as strong resistance and the bottom now acting as strong support again. There's an intermediate level that acts as support/resistance around the .021 area. The selloff on Monday, August 5th had substantial volume (last time we had that high of a volume was in February) which indicates to me that a large amount of coins were sold that day and people were taking their profits or getting out of their positions. Moving forward, I would expect price to be bound within the range of this consolidation channel and if it breaks below it, the next support zone I see is around .012 - .013. If price makes its way down to .015 - .016 again and consolidates there, it could be a great opportunity for a long position as that level is extremely strong. But, I need more data supporting that thesis before considering an actual entry. Good luck to you all.
COINBASE:JASMYUSDShort
by TheTrendInspector
Bitcoin Cash update after the break of the 400 levelSo the idea worked out nicely and we cleared the 400 zone. What's next? Well, watch the video idea. CRYPTO:BCHUSD EASYMARKETS:BCHUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:BCHUSD
by easyMarkets
3
Watch out for BoJ tomorrowThe BoJ will be coming out with its interest rate decision tomorrow. Be careful with your yen positions, if you have any. #nzdjpy FX_IDC:NZDJPY EASYMARKETS:NZDJPY Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Oil prices losing strength due to China's economic slowdown Oil prices continue to trend downward, as are expectations for increased U.S. oil production and pessimism about the Chinese economy. Expectations are growing that oil prices will gradually fall following reports that new wells will be drilled in US shale fields, and the costs for them will drop significantly by about 10% this year alone. Meanwhile, the economic slowdown in China, the world's largest crude oil importer, is also putting downward pressure on oil prices. China's oil imports in June fell 10.7% amid disappointment that the PBoC's rate cuts were not large enough to boost the Chinese economy. USOIL (WTI) has been trending downward over the past week, falling to the 75.10 level. After death-crossed, both EMAs rapidly widen the gap and send out a typical bearish signal. If USOIL fails to hold the 75.00 support, where the trend line intersects, the price could fall further to 72.50. Conversely, if USOIL advances toward the 76.80 resistance after recovering EMA21, the price may gain upward momentum toward the 78.20 level.
TVC:USOIL
by inkicho_exness
BCHUSD is lagging?Looking at the technical picture of BCHUSD we can see that the 400-dollar mark is providing strong resistance. A clearance of that area may attract more buyers into the game. #bchusd EASYMARKETS:BCHUSD CRYPTO:BCHUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:BCHUSD
by easyMarkets
Watch out for Lagarde's comments todayThe ECB is delivering its interest rate decision today, however, most of the action could happen during the press conference. Keep your eyes on that! FX_IDC:EURUSD EASYMARKETS:EURUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Watch out for the US retail sales todayThe US retail sales are coming out today, so be careful with the US instruments. EASYMARKETS:SPIUSD SP:SPX Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:SPIUSD
by easyMarkets
2
Cryptos fall Cryptos take a nosedive after the report that Mt. Gox moved 47228 BTC from cold storage to anew address. EASYMARKETS:ETHUSD CRYPTO:ETHUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:ETHUSD
by easyMarkets
Technical Analysis for GBP/USD on 8-Hour Time FrameFUNDAMENTAL REASONS The UK economy is experiencing sluggish growth, with recent GDP data indicating minimal expansion due to Brexit-related uncertainties and global economic headwinds. UK inflation is at 3.1%, above the Bank of England's (BoE) target of 2%, putting pressure on consumer spending. The unemployment rate is 4.0%, with stable employment but slow wage growth failing to keep up with inflation. The US economy remains robust, with Q1 GDP growth at 2.5%, supported by strong consumer spending and business investment. US inflation is at 3.8%, above the Federal Reserve’s 2% target, prompting aggressive monetary tightening. The unemployment rate is low at 3.6%, indicating a tight labor market and strong job creation. Interest Rates: The BoE has raised interest rates to 4.5% to combat high inflation. Further hikes may be on the horizon if inflation persists. Monetary Policy: The BoE has ended QE but continues reinvesting in maturing assets. Interest Rates: The Fed has increased rates to 5.25% to address inflation, with more hikes possible based on economic data. Monetary Tightening: The Fed is reducing its balance sheet through quantitative tightening (QT), affecting liquidity. Brexit: Ongoing Brexit adjustments and trade negotiations continue to create economic uncertainties for the UK. US-China Relations: Tensions between the US and China influence global trade and economic stability, impacting both the UK and US. Russia-Ukraine Conflict: The conflict has led to higher energy prices, disproportionately affecting the UK’s economy due to its energy import dependency. Technical Analysis Current Price Action Current Price: 1.2700 (as of the latest 4-hour close) Previous Close: 1.2720 Range: 1.2680 - 1.2730 Trend Analysis Short-Term Trend: Downtrend Medium-Term Trend: Sideways/Range-bound Long-Term Trend: Uptrend (based on daily time frame analysis) Moving Averages 20-Period EMA: 1.2710 (price slightly below, indicating short-term weakness) 50-Period SMA: 1.2735 (price below, confirming short-term downtrend) 200-Period SMA: 1.2600 (price above, indicating long-term strength) Support and Resistance Levels Immediate Support: 1.2680 (recent swing low) Key Support: 1.2600 (200-period SMA and psychological level) Immediate Resistance: 1.2730 (recent swing high and 50-period SMA) Key Resistance: 1.2800 (psychological level and previous resistance zone) Technical Indicators Relative Strength Index (RSI): 45 (neutral, but close to oversold territory) MACD: Bearish crossover, histogram below zero (indicating bearish momentum) Stochastic Oscillator: Near oversold zone, potential for bullish reversal if it crosses upwards Volume Analysis Volume Trend: Decreasing volume on recent declines, suggesting weakening selling pressure Volume Spikes: No significant volume spikes, indicating lack of strong conviction in either direction Fibonacci Retracement Levels Recent High: 1.2810 Recent Low: 1.2600 Key Levels: 23.6% Retracement: 1.2665 38.2% Retracement: 1.2695 50% Retracement: 1.2705 (current price near this level) 61.8% Retracement: 1.2720 Conclusion Bearish Bias: Given the price below key moving averages, bearish MACD, and potential head and shoulders pattern. Support and Resistance Play: Watch for a break below 1.2680 for a potential move towards 1.2600. Alternatively, a break above 1.2730 could signal a retest of 1.2800. Risk Management: Use stop-loss orders below 1.2680 if long and above 1.2730 if short to manage risk.
Short
by The_Golden_Path
6