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GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Another piptastic day on the charts with our trading idea playing out perfectly!! After completing all the open targets yesterday, we advised that we were now looking for ema5 to lock above 2459 to open 2475 and failure to lock above this level will follow with a rejection to find support on the lower Goldturns. - We got the cross and lock above 2459 opening 2475 with plenty of time and gap to get in for the action and BOOOOOM!!! This was hit perfectly respecting the Goldturn. We will now look for ema5 to cross and lock above 2475 to open 2488 and potentially 2500 or failure to lock above this level will follow with a rejection into the lower Goldturn support levels for bounces. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2434 - DONE EMA5 CROSS AND LOCK ABOVE 2434 WILL OPEN THE FOLLOWING BULLISH TARGET 2446 - DONE 2459 - DONE EMA5 CROSS AND LOCK ABOVE 2459 WILL OPEN THE FOLLOWING BULLISH TARGET 2475 - DONE BEARISH TARGETS 2421 EMA5 CROSS AND LOCK BELOW 2421 WILL OPEN THE FOLLOWING BEARISH TARGET 2408 2396 EMA5 CROSS AND LOCK BELOW 2396 WILL OPEN THE SWING RANGE SWING RANGE 2380 - 2360 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
EURUSD ( UNDER DOWNWARD PRESSURE ) ( 4H )EURUSD HELLO TRADERS in the last week the price of OANDA:EURUSD trading between turning level at 1.094 and support level (1) at 1.088 , currently price stabilizing below turning level this allows them to lower prices for the support level (1) . Tendency , the price is under bearish pressure , until trading below turning level . Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.094 , leading to rise that could reach the resistance level (1) 1.099 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 1.102 and 1.105 . Downward Zone: as long as the price remain below the turning level at 1.094 , it may drop towards the support level (1) at1.088 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 1.084 and 1.078 . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 1.094 before dropping . TARGET LEVEL : RESISTANCE LEVEL : 1.099 ,1.102 , 1.105 . SUPPORT LEVEL : 1.088, 1.084 , 1.078 .
Short
by ArinaKarayi
1
USOIL ( BREAKOUT LAST SUPPLY ZONE ) ( 4H )USOIL HELLO TRADERS after breakout last supply zone , the price stabilizing up trading , on the Friday price can be breaking supply zone and starting a rising , currently it will be attempt to reach a next supply zone around 78.56 . Tendency , after price breaking a supply zone , currently price is under upward pressure . Upward Zone : currently price trying to reach a resistance level (1) at 78.56 , possibly of the price retest a turning level at 76.37 before rising , breaking resistance level (1) with remain this level it continues the upward trend to touch resistance zone between 81.02 and 83.53 . Downward Zone: by breaking turning level with closing 4h candle below it , the price decline to reach support level (1) 74.76 , after remain below this level we see a downward trend to reach a regions 71.80 and 69.64 . CORRECTIVE : currently price it will be attempt for retest to reach a turning level at 76.37 before to see upward trend . TARGET LEVEL : RESISTANCE LEVEL : 78.56 ,81.02 , 83.53 . SUPPORT LEVEL : 74.76, 71.80 , 69.64 .
TVC:USOILLong
by ArinaKarayi
Market News Report - 11 August 2024The yen took the backseat as the dominant forex market. Instead, currencies like the Canadian and the 'two siblings' (the Aussie and New Zealand) reigned supreme. This week, let’s see how these and other markets may perform fundamentally and technically. Market Overview Below is a brief technical and fundamental analysis breakdown for all major currencies. US dollar (USD) Short-term outlook: bearish. The latest Fed meeting confirmed what STIR (short-term interest rate) markets already knew: a rate cut is on the table next month. The latest unemployment hike (from 4.1% to 4.3%) indicates a cooling economy and further encouragement to decrease the interest rate. This week, pay attention to several US-linked economic releases (like the core inflation rate) that may redeem or add to the dollar's bearish pressure. The DXY chart aligns perfectly with the fundamentals, having just broken a recent key support. However, the break wasn’t strong enough, so 102.358 is still an area of interest for major support. Meanwhile, the key resistance is far away at 107.348 and will likely remain untouched for some time. Long-term outlook: bearish. Markets anticipate at least two rate cuts before the year ends. The latest Consumer Price Index (CPI) and jobs data indicate a cooling of the US economy, another bearish sign. Only geopolitical risks and bond market selling can affect this overall sentiment. So, we cannot rule out a bullish fight for the dollar, but it is unlikely to happen, at least quickly. Euro (EUR) Short-term outlook: weak bearish. The European Central Bank (ECB) has recently kept its interest rate unchanged. Christine Lagarde, the ECB President, also suggested slow economic growth in the Eurozone, with inflation expected to fluctuate around current levels. The Council also indicated that rates should be 'sufficiently restrictively for as long as possible. Thanks to this mostly dovish tone, markets see an 87% chance of a cut (up from 78% last week). Interestingly, the chart tells a different story. As mentioned in our last report, the euro eventually tested the recent major resistance at 1.09813 (but not enough to break it). So, the odds are decent that this market will try again. Meanwhile, the key support area lies far below at 1.06494. Long-term outlook: weak bearish. The recent unchanged interest rate is the primary bearish driver. However, the ECB hasn't committed to a specific future path. Still, the central bank is data-dependent, and any inflation, growth, and wage improvement can lift the euro. British pound (GBP) Short-term outlook: bearish. The Bank of England (BoE) cut the interest rate by 25 basis points at the start of this month. However, they remain data-dependent and have no set future path. STIR markets are currently pricing in an additional two cuts for the remainder of 2024. Pay close attention to a few noteworthy GBP-related news events this week, starting Monday with the unemployment rate and year-on-year inflation rate on Wednesday. While the pound is down on the charts, it retraced noticeably last week. Still, the key support remains at 1.26156, while the key resistance is far away at 1.31424. Long-term outlook: weak bearish. The interest rate is the chief bearish driver for the pound. However, STIR markets predict a rate hold next month. Furthermore, two-way risks remain based on upcoming economic data (e.g., inflation, labour, economic growth). Japanese yen (JPY) Short-term outlook: weak bullish. The Bank of Japan’s (BoJ) recent decision to hike the interest rate is bullish for the yen. However, STIR markets expect a hold (95% probability) at the next meeting (but one hike before the year ends). Declining US Treasury yields and the heightened political tension in the Middle East have accelerated the recent huge down move in USD/JPY. For the first time since the start of last month, USD/JPY cooled down from its massive decline. Still, it did break the recent support area. So, the next point of interest lies at 140.252. Meanwhile, the major resistance (at 161.950) is too far for traders to worry about. Long-term outlook: weak bullish. In addition to the recent rate hike, other bullish catalysts for the yen include lower US Treasury yields. The Bank of Japan is actively intervening in the forex markets, contributing to the JPY's upside. However, having moved quite a distance, a further retracement is imminent. Australian dollar (AUD) Short-term outlook: weak bullish. The Reserve Bank of Australia (RBA) unsurprisingly kept the interest rate unchanged on Tuesday to keep the fight against persistent inflation rate. Based on their language, a hike isn't out of the question this year. Like many currencies, the Aussie remains data-sensitive, whether we look at economic growth, labour or inflation going forward. The recent rise in China's share prices, which correlates with the Aussie, has been positive for the currency. Still, there is doubt over the longevity of this run. The Aussie rose noticeably in the past week despite breaching the recent major support area. The new level to watch for now is 0.63484, while the major resistance is far ahead at 0.67986. Long-term outlook: weak bullish. The RBA remains hawkish as per last week's meeting, focusing on core inflation. Overall, it's crucial to be data-dependent with the Aussie. Furthermore, keep in mind that the Australian dollar is exposed to slow economic growth in other countries, being a pro-cyclical currency. New Zealand dollar (NZD) Short-term outlook: neutral. In a meeting by the Reserve Bank of New Zealand (RBNZ), “The Committee agreed that monetary policy will need to remain restrictive. The extent of this restraint will be tempered over time consistent with the expected decline in inflation pressures”. In simple terms, the central bank is winning against inflation and is, thus, unlikely to raise rates. The RBNZ will meet again on Tuesday to determine the new interest rate, where it is anticipated to indicate further cuts. They are also expected to reduce GDP (Gross Domestic Product) forecasts, as well as CPI projections. Like its closest relative (AUD), the Kiwi has retraced upwards after just scraping the recent support area at 0.58524. This still remains the focal point, while the major resistance is at 0.62220, an area which it is unlikely to test soon. Long-term outlook: neutral. The central bank's recent dovish tilt amid improving inflation puts the Kiwi in a neutral bracket. On the flip side, as a risk-sensitive currency like the Aussie, any growth data in China could trigger bullishness for NZD. Canadian dollar (CAD) Short-term outlook: bearish. The ongoing mortgage stress in Canada has forced the Bank of Canada (BoC) to be dovish, the first major bearish catalyst. With a rate cut last month, STIR markets have raised the probability to 88% (from 82% a week ago) of the same next month. The latest CPI print recently dropped while the latest labour data was mixed. While it looked to continue trending higher, USD/CAD saw a notable decline. This has left the new resistance area to be 1.39468, while the support target is far below at 1.35896. Long-term outlook: weak bearish. Expectations of a rate cut remain the focal point, with the BoC governor Macklem himself saying it's reasonable to expect more cuts in the future. Moreover, STIR markets see two rate cuts for the BoC this year. The mortgage stress remains a major factor in this interest rate policy, and the BoC will have to cut rates to alleviate it. However, encouraging oil prices may redeem the Canadian dollar as a risk-sensitive currency, along with improvements in jobs, inflation, and GDP. Swiss franc (CHF) Short-term outlook: bearish. STIR markets forecast a rate cut in September (a 92% chance) and December this year. Secondly, SNB expects a moderate improvement in inflation, GDP (Gross Domestic Product), and unemployment to rise slightly in the near term. However, the Swiss franc can strengthen during geopolitical tensions like the Middle East crisis. After being one of the biggest losers last week, USD/CHF retraced higher (in line with the fundamental outlook). The new key support area to consider is 0.84323. Meanwhile, the major resistance level is far higher at 0.92244. Long-term outlook: weak bearish. The expected rate cut in the next SNB meetings for 2024 is the main bearish driver. However, the SNB's chairperson, Thomas Jordan, expressed that "appreciation of the Swiss Franc has an impact on monetary policy." This means that potential intervention by the central bank can go either way. Conclusion This week's hottest economic events include the interest rate decision for the New Zealand dollar, followed by a few other high-impact releases for the dollar and British pound. The fundamental outlooks of each currency have remained unchanged from the previous weeks. However, as you would expect, be prepared for technical shifts.
TVC:DXY
by CityTradersImperium_CTI
XAUUSD ( INSIDE DESCENDING CHANNEL ) ( 4H )XAUUSD HELLO TRADERS currently the price of the gold trading inside descending channel , and below turning level at 2,459$ , yesterday the price with open the market rising know could be continues rising to reach a supply zone around 2,459$ . Tendency, the price inside descending channel and trading below turning level , indicates under down ward pressure . Upward Zone : in order see increase , should be the price breaking turning level at 2,459$ , to rising and reach resistance level (1) at 2,474$ , by breaking and stabilizing above this level it will be attempt to reach 2,486 $ , then reaching a resistance zone around 2,495$ and 2,510$ . Downward Zone: until the price trading below supply zone around 2,452$ and 2,459$ , dropping to reach support level (1) around 2,421$ , and after breaking this level by closing 4h candle below it indicates further decline to support zone around 2,406$ and 2,391$. CORRECTIVE : currently price it will be attempt to huge retest to reach a turning level at 2,459$ before dropping . TARGET LEVEL : RESISTANCE LEVEL : 2,47$ ,2,486$ , 2,494$ . SUPPORT LEVEL : 2,421$, 2,406$ , 2,391$ .
OANDA:XAUUSDShort
by ArinaKarayi
XRPUSDT ( BETWEEN TWO TURNING LEVEL ) (4H)XRPUSDT HELLO TRADERS price of BINANCE:XRPUSDT inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) . Tendency, the price inside sensitive are between two turning level around 0.5822 and 0.6184 . Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 0.61844 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 0.6508 , after by closing 4h candle above it reach a resistance level (2) at 0.6939 . Downward Zone: by breaking turning level (2) at 0.5822 , the price should be trying to reach support level (1) 0.5595 , after stabilizing below this level could further support to reach of as next level at 0.5144 . TARGET LEVEL : RESISTANCE LEVEL : 0.6508 , 0.6939 . SUPPORT LEVEL : 0.5595 , 0.5144 .
by ArinaKarayi
1
ETHUSD ( SENSITIVE AREA ) ( 4H )ETHUSD HELLO TRADERS currently price between two turning level by breaking each level determine the direction , for know the price trading above turning level (2) at 2,412 , remain this level it will be attempt to reach a turning level (1) at 2,527 . Tendency, the price inside two turning level around ( 2,412 & 2,527) . Upward Zone : in order see increase , the price need breaking turning level (1) at 2,527 , by closing 4h candle above it , easily to reach a resistance level (1) around 2,812 , remain this level indicates the price trying to reach of a resistance level (2) at 3,114. Downward Zone: by breaking turning level (2) around 2,412 , the price dropping to reach a support level (1) at 2,209, to confirm downward , gold need breaking support level (1) by open 4h candle below it to reach a support level (2) at 2,046 . TARGET LEVEL : RESISTANCE LEVEL : 2,812 , 3,114 . SUPPORT LEVEL : 2,209 , 2,046 .
BITSTAMP:ETHUSD
by ArinaKarayi
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2434 Goldturn resistance and 2421, as Goldturn support. We currently have a gap above on market open at 2434 and below at 2421 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2434 EMA5 CROSS AND LOCK ABOVE 2434 WILL OPEN THE FOLLOWING BULLISH TARGET 2446 2459 BEARISH TARGETS 2421 EMA5 CROSS AND LOCK BELOW 2421 WILL OPEN THE FOLLOWING BEARISH TARGET 2408 2396 EMA5 CROSS AND LOCK BELOW 2396 WILL OPEN THE SWING RANGE SWING RANGE 2380 - 2360 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
11
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2438 Goldturn resistance and 2416, as Goldturn support. We currently have a gap open above at 2438 and below at 2416 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2438 EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2467 BEARISH TARGETS 2416 EMA5 CROSS AND LOCK BELOW 2416 WILL OPEN THE FOLLOWING BEARISH TARGET 2389 EMA5 CROSS AND LOCK BELOW 2389 WILL OPEN THE SWING RANGE SWING RANGE 2369 - 2345 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
5
DAILY CHART UPDATEHey Everyone, Please see update on our daily chart structure that we have been tracking and trading successfully for a while now. Previously we had 2355 retracement range providing support and the re-actional bounce, as analysed and we stated that we will either look for a ema5 lock below this level to open the range below or a failure to lock below this level will follow with the upper range tests again. This played out perfectly with no cross and lock below 2355 and therefore we got the perfect bounce re-testing all the targets above. Prior to last week we also got the ema5 cross and lock above 2405 opening 2464 once again, which was hit once completing the gap again. Currently we have a ema5 cross and lock gap below at 2355 and then a new turn created a current ema5 cross and lock above 2405 opening 2464 again. We now have gaps both ways and need to keep this in mind when planning to buy dips. We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
3
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP Hey Everyone, Please see update on our weekly chart idea and analysis. As stated last week, that although we have the final Axis target at 2505, we are expecting resistance and reaction here at 2434, at the channel top and will probably need a few attempts before cracking open the range above. This played out perfectly with multiple attempts on the channel top and now we got the candle body close above 2434 opening the 2505 gap. However, ema5 cross and lock will further confirm this gap to solidify confirmation. The drop early last week was only to touch ema5 for the detachment correction, which immediately followed with the push up inline with our plans to buy dips. The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
US30 ( INSIDE SENSITIVE AREA BETWEEN TWO TURNING LEVEL ) ( 1D )US30 HELLO TRADERS U.S. stocks were higher after the close on Friday, as gains in the Technology, Consumer Services and Telecoms sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 0.13% . currently price inside two turning level in way , breaking each side determine our direction , thus breaking turning level (1) it is mean active up trading ,if the price breaking turning level (2) by close 1d candle or 4h candle below it , indicates to reach support level . Tendency, the price inside sensitive are between two turning level around 40,031 and 38,509 Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 40,031 , to confirm up trading , the price will be breaking turning level (1) to reach resistance zone around 40,990 and 42,268 . Downward Zone: by breaking turning level (2) at 38,509 , the price should be trying to reach support level (1) 37,550 , after stabilizing below this level could further support to reach of as next level at 36,235 . TARGET LEVEL : RESISTANCE LEVEL : 40,990 , 42,268 . SUPPORT LEVEL : 37,550 , 36,235 .
EIGHTCAP:US30
by ArinaKarayi
GOLD MARKET UPDATEHey Everyone, Please review our 1H chart route map update. Absolutely amazing to see how well our levels and weighted levels confirmed the continuations and rejections this week once again and how we were able to navigate and track the movement up and down. We started the week with our Bullish target at 2458 hit. No further cross and lock above this weighted level confirmed the rejection. We then saw ema5 lock below weighted level 2423 opening the retracement range, which played out perfectly. This followed on with a cross and lock below 2394 opening the swing range. The swing range was hit and then provided the swing and did what it says on the tin providing the full swing inline with our plans to buy dips. - BOOOOM!!! After completing the swing, we stated that levels were active again, as price was back in the range. This allowed us to track the movement back up level to level completing 2407 and 2423 and now the last gap in this range remains at 2438. EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2458 - DONE BEARISH TARGETS 2438 - DONE 2423 - DONE EMA5 CROSS AND LOCK BELOW 2423 WILL OPEN THE FOLLOWING BEARISH TARGET 2407 - DONE 2394 - DONE EMA5 CROSS AND LOCK BELOW 2394 WILL OPEN THE SWING RANGE SWING RANGE 2369 (DONE) - 2359 We will now come back Sunday with our Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
9
BNBUSD ( INSIDE SENSITIVE AREA IN DESCENDING CHANNEL ) ( 4H )BNBUSD HELLO TRADERS inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) . Tendency, the price inside sensitive are between two turning level around 487 and 526 . Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 526 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 557 , after by closing 4h candle above it reach a resistance level (2) at 596 . Downward Zone: by breaking turning level (2) at 487, the price should be trying to reach support level (1) at 453 , after stabilizing below this level could further support to reach of as next level at 403 . TARGET LEVEL : RESISTANCE LEVEL : 557 , 596 . SUPPORT LEVEL : 453 , 403 .
BINANCE:BNBUSD
by ArinaKarayi
XAUUSD ( BREAKING TURNING LEVEL (1) ) ( 4H )XAUUSD HELLO TRADERS as mentioned until the price remain a turning level (2) at 2,391$ , indicates to reach 2,420$ . yesterday the price sharply rising nearby +450pip , currently stabilizing 2,420$ as long as the price trading above this level directly toward to reach 2,436$ Tendency, the price trading above turning level (1) , this makes the upward direction active . Upward Zone : currently the price remain turning level (1) , until the price trading above this level we can see strong upward trending to reach resistance level (1) at 2,436$ and resistance level (2) at 2,459$ . Downward Zone: by breaking turning level (1) around 2,420$ , the price dropping to reach a turning level (2) at 2,391$ , to confirm downward , the price need breaking 2,391$ by open 4h candle below it to reach a support level (1) at 2,364 , then to reach support level (2) at 2,346$. TARGET LEVEL : RESISTANCE LEVEL : 2,436$ , 2,459$ , 2,474$ . SUPPORT LEVEL : 2,364$ , 2,346$ .
OANDA:XAUUSDLong
by ArinaKarayi
TKO is poised for a major multi-year breakthrough!Weekly Chart The 100 level has shown to be a significant resistance point for the stock, as it faced multiple rejections at this level. Following these rejections, the stock entered a significant consolidation phase, which led to the formation of a Symmetrical Triangle pattern. After breaking out of this formation, the stock price soared, reaching a peak around the 117 level before experiencing a decline. However, the stock found support at the 200 WEMA and rebounded from that level.. At present, the stock is lingering near the resistance zone, and with an increase in trading volume, there is a strong expectation that it will achieve a breakout this time around. The appearance of an Inverted Head & Shoulders pattern on the weekly chart indicates a bullish sentiment. Daily Chart The daily chart shows that after being rejected near the 117 level, the stock fell but then reversed by breaking above the double bottom pattern. Since then, the stock has maintained its upward trend and is now close to a major breakout. The rising volume indicates that the price is preparing for an upward move.
NYSE:TKOLong
by NaranjCapital
2
USDJPY ( INSIDE ASCENDING CHANNEL ) (4H) USDJPY HELLO TRADERS Tendency, the price is under upward pressure , until the price trading above support level (1) at 144.354 . Upward Zone : until the price trading above support level (1) , may make be ascending channel , currently the price trading above turning level at 145.808 , to rising reach of a resistance level (1) around 149.186 , to confirm upward , price need breaking by close 4h candle above 149.186 to reach resistance level (2) at 152.225 , may be the price reserve and breaking turning level to reaching a support level (1) at 144.354 , after starting a up trading to inside resistance zone . Downward Zone: should the price reserve and breaking turning level at 145.808 , indicates dropping to support level (1) around 144.354 , to confirm downward , the price it will be breaking 144.354 , by closing 4h candle below it to reach support level (2) at 142.275 , called support zone have been buying increase in this zone . Corrective level :Price may make a correction at 145.808 & 144.354 , before rising . TARGET LEVEL : RESISTANCE LEVEL : 149.186 , 152.225 . SUPPORT LEVEL : 144.354 , 142.275 .
Long
by ArinaKarayi
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone, We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans we felt we needed to share a new update on this chart. 2483 target was completed perfectly last month leaving a detachment below to ema5, which was nearly complete on the drop earlier this week and is good enough for a correction. 2536 is our final long range/term target on this chart idea and we will look to continue to buy dips using our smaller timeframe ideas rather then chasing the bull form the top. Currently we are looking for another likely retest at 2483 and a close above this level will confirm our final target above. Although the correction to the detachment below is nearly complete, we still need to take caution and keep in mind the small gap for the full correction. This can also be self corrected with bullish momentum by pulling up ema5, as the detachment is only small after the brutal correction earlier this week. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
FOREXCOM:XAUUSD
by Goldviewfx
10
BITCOIN ( INSIDE DESCENDING CHANNEL ) ( 4H )BTCUSD HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 59,247 . TURNING LEVEL : the price of this level at 59,247 , so as long as the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) . RESISTANCE ZONE : this zone between 63,311 and 68,033 , for reach this zone the price need breaking turning level at 59,247 , first thing breaking this level indicates to reach resistance level (1) at 63,311 , then breaking this level by open 4h candle above this reach a resistance level (2) at 68,033 , after breaking this zone it will be attempt to reach resistance level (3) at 71,766 , selling have already increase in this zone . SUPPORT ZONE : this zone between 54,503 & 51,276 , as long as the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 54,503 , then breaking this level by open 4h or 1h candle below this easily to touch a support level (2) at 51,276 . CORRECTIVE : the price corrective at 59,247, before dropping . TARGET LEVEL : RESISTANCE LEVEL : 63,311 , 68,033 , 71,766 SUPPORT LEVEL :54,503 ,51,276 .
BITSTAMP:BTCUSDShort
by ArinaKarayi
EURUSD ( INSIDE ASCENDING CHANNEL) ( 4H )EURUSD HELLO TRADERS Tendency, the price is under up ward pressure , until trade above turning level at 1.091 . Upward zone : In order to see an increase, the price needs to continues trading above a turning level at 1.091 , to reach resistance levels (1) around 1.098 , then if the price breaking resistance level (1) by open 4h candle above it indicates to reach a resistance level (2) at 1.102 , but stabilizing below this level it refers likely to reach a turning level . Downward zone: Provided until the prices breaking turning level by open 4h candle below it, indicates a reach of the support level (1) at 1.084 , then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 1.078 . Corrective level :Price may make a correction at 1.091 , before rising . TARGET LEVEL : RESISTANCE LEVEL : 1.098 , 1.102 . SUPPORT LEVEL : 1.084 , 1.078 .
Long
by ArinaKarayi
1
USOIL ( BETWEEN TWO TURNING LEVEL ) ( 4H )USOIL HELLO TRADERS currently price between two turning level by breaking each level determine the direction , for know the price trading above turning level (2) at 74.74 , remain this level it will be attempt to reach a turning level (1) at 76.25 . Tendency, the price inside two turning level around ( 74.74 & 76.25$) . Upward Zone : in order see increase , the price need breaking turning level (1) at 76.25 , by closing 4h candle above it , easily to reach a resistance level (1) around 78.53 , remain this level indicates the price trying to reach of a resistance level (2) at 80,75 . Downward Zone: by breaking turning level (2) around 74.74 , the price dropping to reach a support level (1) at 72.82, to confirm downward , gold need breaking support level (1) by open 4h candle below it to reach a support level (2) at 71.81 . TARGET LEVEL : RESISTANCE LEVEL : 78.53 , 80.75 . SUPPORT LEVEL : 72.82 , 71.81 .
TVC:USOIL
by ArinaKarayi
US30 ( BREAKOUT ASCENDING CHANNEL ) (1D)US30 HELLO TRADERS Tendency, the price is under down ward pressure, until trade below 40,025 . Upward zone : In order to see an increase, the price needs to break the turning level at 40,025 , to reach resistance levels (1) at 41,219 , then as it stabilizes on the turning level we may see new resistance zones around 42.549 and 43,658 . Downward zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 39,071, then breaking this level with a 1d or 4h open candle below is likely to reach the support level (2) at 38,099 . Corrective level :Price may make a correction before dropping . TARGET LEVEL : RESISTANCE LEVEL : 41,219 , 42,549 , 43,658 . SUPPORT LEVEL : 39,071 , 38,099 .
EIGHTCAP:US30Short
by ArinaKarayi