Storm Ahead? Key Level Breakout or Dangerous Reversal!USD/JPY: Storm Ahead? Key Level Breakout or Dangerous Reversal!
Overview:
The USD/JPY pair stands at a crucial crossroads, with technical signals indicating the potential for significant volatility in the near term. Will the Yen regain its footing, or will pressure from the USD continue to push the pair to new highs? This analysis delves into technical, fundamental, and macroeconomic factors to outline potential scenarios and identify key trading zones.
Detailed Technical Analysis:
Primary Trend: The USD/JPY chart clearly shows a short-term uptrend, supported by an ascending trendline (dashed line on the chart) and upward-sloping moving averages (MA). Trend analysis is considered the most important area of technical analysis, and is key to determining the general direction of a security. However, the price is approaching strong resistance zones, suggesting potential selling pressure. Technical analysis is a trading tool used to evaluate stocks and attempt to predict their future movements by analyzing statistical data obtained from trading activity.
Key Price Levels:
Crucial Resistance Zone (SELL Zone): Around 144.894 - 145.178. This is a significant Fibonacci Extension zone (1.13 and 1.236), where the price has reacted in the past and could attract strong selling pressure. If the price breaks and holds above this zone, the uptrend will be confirmed.
Crucial Support Zone (BUY Zone): Around 143.600 - 143.750. This support zone is formed by previous lows and the ascending trendline. If the price corrects to this zone and shows reversal signals, it could be a good buying opportunity. The next support zone is around 142.800. The goal of technical analysis is to determine the buy and sell points of a stock.
Technical Indicators: The MAs (blue, orange, red) maintain a relatively consistent distance and are sloping upwards, supporting the uptrend. However, the convergence of MAs near resistance zones could signal a weakening of upward momentum.
Price Patterns: Currently, the price is forming a pattern similar to a bull flag or an ascending triangle, suggesting a potential continuation of the uptrend if it breaks upwards. Conversely, if the price fails to overcome resistance and breaks the uptrend line, a bearish reversal pattern could form. Wave analysis is a technique based on the observation that markets move in specific patterns called waves.
Relevant Fundamental and Economic Factors:
Macroeconomic Analysis (Japan): The Bank of Japan (BOJ) continues to maintain ultra-loose monetary policy, with negative interest rates and yield curve control. This exerts continuous downward pressure on the Yen. Any signal of change from the BOJ regarding policy will have a significant impact on USD/JPY.
Macroeconomic Analysis (United States): The U.S. Federal Reserve (FED) is still in an aggressive monetary tightening cycle to combat inflation. Inflation reports (CPI, PPI), employment data (NFP), and statements from FED officials will be key drivers for the USD. If U.S. inflation remains high, the FED may continue to raise interest rates, pushing USD/JPY higher. Fundamental analysis focuses on evaluating economic, political, and social factors affecting the value of a currency pair.
Upcoming Economic Events: Closely monitor inflation reports from both the U.S. and Japan, GDP data, unemployment rates, and policy meetings of the BOJ and FED. These events will act as catalysts for sharp movements.
Conclusion and Trading Recommendations:
USD/JPY is in an uptrend but approaching crucial resistance zones.
BUY
Entry: When the price breaks and closes above 145.178, confirming the uptrend continuation. Or when the price corrects to the 143.600 - 143.750 zone and shows bullish reversal candles (e.g., bullish engulfing, hammer).
Take Profit: Higher Fibonacci levels (e.g., 1.382 at 145.491 or 1.5 at 145.918).
Stop Loss: Below the nearest support zone, e.g., below 143.500 if buying at support, or below 144.800 if buying after a resistance breakout.
SELL Scenario:
Entry: When the price approaches the 144.894 - 145.178 zone and strong bearish reversal signals appear (e.g., Gravestone Doji, bearish engulfing, double top pattern).
Take Profit: Lower support levels, e.g., 143.700, 142.800.
Stop Loss: Above the resistance zone, e.g., above 145.300.
Risk Disclaimer: Financial markets always involve high risks. Always manage your capital carefully and never trade with money you cannot afford to lose. This analysis is for informational purposes only and not investment advice.
Trading
Gold Trading Strategy June 10Gold price in D1 frame reacted at EMA and Trend zone yesterday and bounced back but at the end of the day still closed below the 3335 breakout zone. The downtrend can still continue as long as 3335 remains stable today.
Looking at H1, it is still in a fairly clear downtrend. 3327 is the area that is currently in dispute. 3310 is the resistance zone that Gold broke through in the Asian session. To BUY this area, you must wait for price reaction and confirmation from the candle. Breaking 3309, Gold will head towards today's important support 3295. This is a good zone for BUY signal. The daily support zone around 3275 will prevent any excessive price slide of Gold.
On the other hand, when the buyers push the price strongly through 3327, you must wait for the US session resistance around 3338 yesterday for a SELL signal. (H1 does not break through 3328, we can set up SELL with the confirmation of selling force) Breaking 3338, the bearish structure will no longer exist, the market will switch to a short-term uptrend towards 3364.
Resistance 3337-3364-3374
Support 3310-3295-3275
Wish you successful trading. If you do not understand the strategy clearly, you can contact me for support.
A Detailed Technical, Fundamental, and Macro AnalysisNZD/USD Trading Plan: A Detailed Technical, Fundamental, and Macro Analysis
1. Technical Analysis:
The 30-minute chart of NZD/USD highlights key price action within a well-defined channel between crucial support and resistance levels:
Resistance (0.60769): The price is testing significant resistance around 0.60769. If this level is broken, the price could continue higher, indicating further upward momentum.
Support (0.60271): A strong support level is found at 0.60271. If the price retraces and holds this level, a potential rebound could take place.
EMA (Exponential Moving Averages):
EMA 13 (Blue): Currently moving upwards, confirming a bullish short-term trend.
EMA 34 (Yellow) and EMA 89 (Red): These are trending sideways, suggesting that the market is in a consolidation phase, waiting for further signals.
2. Fundamental Analysis:
FED's Monetary Policy: The actions and statements of the Federal Reserve regarding interest rates have a significant impact on the USD. If the FED maintains or hikes rates, this could push the USD higher, putting downward pressure on NZD.
New Zealand Economic Indicators: The strength of New Zealand's economy, particularly export data, plays a vital role in supporting or weakening the NZD. Positive economic reports could support a bullish NZD.
3. Macroeconomic Analysis:
Global Risk Sentiment: Market sentiment is being influenced by global factors like trade tensions, economic growth projections, and political factors. A shift in risk sentiment, especially regarding the U.S. economy or geopolitical tensions, could lead to significant price movements in the NZD/USD pair.
4. Buy and Sell Zones:
BUY ZONE:
Entry: 0.60271 - 0.60300
SL (Stop Loss): 0.60200
TP (Take Profit): 0.60700 → 0.60769 → 0.60900
SELL ZONE:
Entry: 0.60750 - 0.60800
SL: 0.60900
TP: 0.60300 → 0.60200 → 0.60100
5. Strategy:
Buy Orders: If price consolidates at the support level of 0.60271 and shows confirmation with EMA indicators, consider a buy with a target at 0.60769.
Sell Orders: If price fails to break through the resistance at 0.60769, a sell order could be placed, targeting the 0.60271 support level.
6. Market Sentiment:
The market is highly sensitive to news and economic reports, and therefore, it is essential to remain alert to potential volatility. Any major economic release from New Zealand or U.S. Federal Reserve news could significantly influence the pair.
USOIL BEST PLACE TO SELL FROM|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 65.62
Target Level: 62.64
Stop Loss: 67.59
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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EUR/USD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the EUR/USD with the target of 1.136 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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NG1! BEST PLACE TO SELL FROM|SHORT
NG1! SIGNAL
Trade Direction: short
Entry Level: 3.786
Target Level: 3.590
Stop Loss: 3.916
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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GBP/CAD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
GBP/CAD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.853 area.
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CAD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 105.344 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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We are waiting for the H4 liquidity backtest to place SELL GOLDYesterday there was a BUY point and a missed SELL. Currently gold is in wave 5. We are waiting for the H4 liquidity backtest to place a SELL order.
World gold prices rose after the People's Bank of China announced on June 7 that it had added gold to its reserves for the seventh consecutive month in May. China's gold reserves were valued at $241.99 billion at the end of last month, down from $243.59 billion at the end of April. Gold prices hit an all-time high (over $3,500/ounce) in April, which boosted the value of China's holdings of the precious metal.
Investors are now waiting for the US Consumer Price Index (CPI), data due on June 13, to assess the country's economic health and predict the trajectory of the US Federal Reserve's interest rate cuts.
Let's wait for SELL
Best regards, StarrOne !!!
BITCOIN BULLS ARE GAINING STRENGTH|LONG
BITCOIN SIGNAL
Trade Direction: long
Entry Level: 103,835.09
Target Level: 109,309.96
Stop Loss: 100,185.18
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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MarketBreakdown | EURUSD, AUDUSD, USDCHF, EURCAD
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸
Though the pair remains quite weak for the last few days,
I strongly believe that bulls have unrealized potential.
The pair may continue rising and reach the underlined yellow resistance soon.
2️⃣ #AUDUSD daily time frame 🇦🇺🇺🇸
The price is testing a significant horizontal resistance.
Its bullish breakout will provide a strong bullish signal.
The pair will go way higher then.
3️⃣ #USDCHF daily time frame 🇺🇸🇨🇭
The price is stuck within a narrow consolidation range.
I think that a sideways movement is going to continue
and the price will drop to the support of the range soon.
4️⃣ #EURCAD daily time frame 🇪🇺🇨🇦
The price action is contracting within a symmetrical triangle pattern.
Such a pattern signifies a deep indecision.
A breakout of one of its boundaries will indicate the side of the next market move.
Do you agree with my market breakdown?
❤️Please, support my work with like, thank you!❤️
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1,505% from $0.20 to $3.21 on massive 1+ Billion volume $KLTOWOW 🤯 1,505% from $0.20 to $3.21 on massive 1+ Billion shares traded 🚀 NASDAQ:KLTO
I sent out 2 Buy Alerts for everyone to get paid nicely ✅
This will trigger more runners, premarket already got movers NASDAQ:MEGL , NASDAQ:MRIN , NASDAQ:EVGN
USDJPY Is Going Up! Long!
Here is our detailed technical review for USDJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 144.671.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 145.501 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUD/JPY Short, EUR/JPY Short, GBP/JPY Short and USD/CHF ShortAUD/JPY Short
Minimum entry requirements:
- 1H impulse down below area of value.
- If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
- If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
- If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
- If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
EUR/JPY Short
Minimum entry requirements:
- If structured 1H continuation forms, 1H risk entry within it.
GBP/JPY Short
Minimum entry requirements:
- If tight non-structured 1H continuation forms, 15 min risk entry within it if the continuation is structured on the 15 min chart.
- If tight structured 1H continuation forms, 1H risk entry within it.
USD/CHF Short
Minimum entry requirements:
- Corrective tap into area of value.
- 4H risk entry or 1H risk entry after 2 x 1H rejection candles.
Minimum entry requirements:
- Tap into area of value.
- 1H impulse down below area of value.
- If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
- If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
- If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
- If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
WILL GOLD CONTINUE ITS RALLY OR FACE A MAJOR CORRECTION? XAUUSD – WILL GOLD CONTINUE ITS RALLY OR FACE A MAJOR CORRECTION?
Gold is at a pivotal point after experiencing a significant correction following its recent rally. With the market showing mixed signals, the question now is whether gold will continue its upward trajectory or experience further corrections before breaking new highs. The current global economic climate, combined with macroeconomic factors, will be the driving forces behind gold's next move.
🌍 MACROECONOMIC OUTLOOK & MARKET SENTIMENT
US Dollar Strength: The USD has been strengthening, which has put some pressure on gold prices. However, this comes amid uncertainty in global trade relations, particularly between the US and China, which is creating mixed market sentiment. Gold remains a key asset for hedging against currency risks and geopolitical tensions.
Federal Reserve's Stance on Interest Rates: The Fed has signaled that while inflation remains a concern, it’s unlikely to cut interest rates in the near future. This could limit gold's upside potential in the short term, but the metal remains attractive due to its safe-haven status.
Geopolitical Tensions: With ongoing concerns over US-China trade talks and tensions surrounding Ukraine, investors continue to flock to gold as a hedge against political and economic instability. These external pressures continue to fuel demand for gold.
📈 TECHNICAL ANALYSIS (H1 – EMA 13/34/89/200)
Current Correction: Gold has been correcting after a strong surge, testing key support levels like 3300. On the H1 timeframe, the EMA indicators suggest consolidation and weakness, signaling that further pullbacks are possible before any potential breakout.
Technical Pattern – "Flag" Formation: Gold is forming a bearish flag pattern, indicating a temporary pause after a strong upward trend. This pattern suggests that gold might continue to trade sideways, with a breakout above key resistance levels leading to a continuation of the uptrend.
Key Resistance and Support Levels: Gold is facing significant resistance levels at 3320 and 3330, while key support levels at 3300 and 3270 will be crucial to watch in the coming sessions.
📍 KEY LEVELS TO WATCH
Resistance Levels: 3320 – 3330 – 3338 – 3350 – 3360
Support Levels: 3300 – 3270 – 3250
🧭 RECOMMENDED TRADE SETUPS
🔵 BUY ZONE: 3270 – 3272
SL: 3265
TP: 3280 → 3300 → 3320 → 3330 → 3350
🔻 SELL ZONE: 3320 – 3325
SL: 3330
TP: 3310 → 3295 → 3280 → 3265
✅ SUMMARY
Gold is currently experiencing a correction after a solid rally, but the long-term outlook remains bullish. Macro-economic factors, including the Fed’s policies and geopolitical risks, are likely to drive gold prices higher in the future. However, short-term fluctuations should be expected as the market tests key resistance and support levels.
Traders should focus on well-defined entry and exit points within these key levels and maintain a disciplined risk management strategy.
GBPJPY Is Very Bearish! Sell!
Take a look at our analysis for GBPJPY.
Time Frame: 30m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 193.470.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 193.034 level.
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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GBPNZD Is Going Down! Sell!
Please, check our technical outlook for GBPNZD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2.249.
Considering the today's price action, probabilities will be high to see a movement to 2.237.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBPUSD Is Very Bearish! Short!
Please, check our technical outlook for GBPUSD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.355.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.350 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPUSD Will Go Down! Short!
Take a look at our analysis for GBPUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.356.
Considering the today's price action, probabilities will be high to see a movement to 1.346.
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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Gold Price Analysis June 10Gold price reacted at the Trenline and EMA 34 yesterday and bounced back but still closed below the breakout zone of 3335.
The downtrend can still continue as long as 3335 remains strong today.
H4 shows the provincial port area at 3295 and 3275 in the opposite direction of the provincial port at 3339 and 3365.
H1 is still forming a clear downtrend. 3309 is the immediate resistance zone. is the price zone that can scalp breakout if it closes above this zone. break 3309 Gold will head to 3327 in this zone, if you want to SELL, you have to wait for confirmation from the selling candle. When the buyers push the price strongly through 3327, you have to wait for the US session resistance around 3338 yesterday. Resistance and support during the day are noted around 3275 and 3365
Gold price analysis on June 9The D1 candle on Friday broke the sideways structure and confirmed the downtrend for Gold prices.
Gold prices pushed up quite high in today's Tokyo trading session after touching the Gap zone around 3395.
With this upward force, 3319 will be available at the end of the Asian session. This zone can wait for a reaction and SELL can return because this is the zone where the Sellers pushed the price down at the beginning of the session. The European session will pay more attention to the 3334 zone with a break out point that is also quite important. The upward force will be stopped by the Sellers at the daily resistance level around 3345.
SELL is following the trend and can sustain the profit far away, while the BUY points are considered to find the reaction wave to increase and correct. The first zone is 3295, the second zone is around 3275.
Wishing you a successful trading day
Gold Trading Strategy June 9The D1 candle cluster on Friday broke the sideway structure near the AHT peak and confirmed the downtrend for Gold price by breaking through 50% of the main bullish candle on June 2.
After touching the Gap zone around 3395. Gold price pushed up quite high in Tokyo trading session today and headed towards the first resistance levels around 3319. This area can wait for reaction and SELL to return because this is the area where the Sellers accumulated quite strongly at the beginning of the session.
The European session will pay more attention to the 3334 area with a breakout point also quite important on Friday. If from 3334 the gold price falls, it will form a strong fall according to the downtrend structure and head towards 3275 soon.
SELL is following the trend and can sustain profits far away, while BUY points are considered to find a corrective reaction wave, so narrow expectations.
Support: 3295, 3275
Resistance: 3319, 3334, 3345, 3359
Wish you a successful trading day