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Nasdaq, Assessing Bullish Continuation and Potential CorrectionsTechnical Analysis: Assessing Bullish Continuation and Potential Corrections The price recorded a new all-time high, demonstrating strong bullish movement. However, some investors remain concerned about the sustainability of the equity rally, as gains have been driven primarily by megacap growth and technology stocks. Today's Outlook: The price is expected to move between 19,760 and 19,520 due to a strong supply zone. Bullish Scenario: To continue the bullish trend, the price should stabilize above 19,625 and target 19,760. Stability above 19,760 would suggest further gains this year. Generally, maintaining a position above 19,520 indicates an uptrend. Bearish Scenario: The price might touch 19,760 and then drop to correct down to 19,625 and then 19,520. To reach 19,100, a 1-hour candle must close below 19,520. Key Levels: - Pivot Line: 19,690 - Resistance Levels: 19,760, 19,820, 19,980 - Support Levels: 19,520, 19,250, 19,100 Today's Expected Range: The price is expected to fluctuate between the support at 19,100 and the resistance at 19,625. Tendency: Downtrend correction In summary, maintaining a position below 19,760 suggests a bearish outlook, targeting lower support levels. Conversely, breaking above this level could signal a return to the bullish trend.
OANDA:NAS100USDShort
by SroshMayi
2
SUN Price prediction 2024 - SUN IS GOING TO SHINE AND $0,07 SUN Price Prediction 2024 - Will SUN Shine Bright? Based on our analysis, SUN could reach an exciting target of $0.07 by the end of this year. Current Trends At the start of the year, SUN's trend looks promising and different from previous years. This isn't just about a percentage increase but also about its overall development. Year 2023 was a red year and 100% not sumllair as the trends of this year. The year 2024 already made some start trends also to see on chart. What’s Next for SUN? We’re keeping a close eye on SUN because it has shown some very interesting movements recently. For 2024, there are several possible targets: $0.021 $0.025 $0.035 $0.047 The most optimistic target is $0.07, which would be up to a new all-time high (ATH). Note Always do your own research. This is not trading advice. The market can be unpredictable. The market can go for a time stable, it's about the year 2024 this is not short-term update.
SLong
by SatochiTrader
Nasdaq Eyes New Highs Amid Bullish MomentumTechnical Analysis: USNAS100 The price has reached the resistance line at 19,100, indicating a sustained bullish trend. If the price stabilizes above 19,100, it is expected to continue its bullish movement towards 19,440. However, a retest down to 18,940 is likely before the bullish trend resumes. A break below 18,930 on a 4-hour candle close would signal a bearish shift towards 18,820, leading to consolidation between 19,100 and 18,940. Bullish Scenario: For the bullish trend to persist, the price needs to break above 19,100, with potential targets at 19,250 and 19,450. As long as the price trades above 18,930, the bullish trend remains intact. Bearish Scenario: Stabilization below 18,930 would indicate a move towards 18,820. A further break below 18,820, confirmed by a 1-hour candle close, would signal a downtrend towards 18,600. Key Levels: - Pivot Line: 19,100 - Resistance Levels: 19200, 19300, 19450 - Support Levels: 18940, 18820, 18710 Today's Expected Range: The price is expected to move between the support at 18,820 and the resistance at 19,450.
OANDA:NAS100USDLong
by SroshMayi
EUR/USD: Bearish Momentum Continues with Key Levels in FocusEUR/USD Technical Analysis Trend Analysis: - The daily chart shows a clear downtrend, with stability in the bearish volume, indicating persistent bearish momentum. - Recent price action has been moving downward, suggesting continued selling pressure. Current Outlook: The price will continue to trade in a bearish trend as long as it remains below 1.0707 and 1.0745, targeting 1.0616. The EUR/USD is expected to consolidate between 1.0616 and 1.0707 until a breakout occurs. Bearish Scenario: As long as the price trades below the pivot zone, it is expected to drop to 1.0616. A break below this level could lead to the next bearish target at 1.0505. Bullish Scenario: For an uptrend to be established, the price must reverse and stabilize above the pivot zone, targeting 1.0796 and then 1.0853. Key Levels: - Pivot Line: 1.0710 - Support Levels: 1.0620, 1.0505, 1.0400 - Resistance Levels: 1.0796, 1.0850, 1.0915 Expected Trading Range: The price is anticipated to move between the resistance at 1.0745 and the support at 1.0615. In summary, maintaining a position below 1.0707 supports a bearish outlook, with further declines likely. Conversely, breaking above the pivot zone could signal a shift to a bullish trend, targeting higher resistance levels.
Short
by SroshMayi
BTC/USD Poised for Bullish Momentum Amid ConsolidationBTC/USD Daily Chart Analysis Trend Analysis: - The daily chart shows an overall bullish trend with higher highs and higher lows since late last year. - Recently, the price has been experiencing consolidation with some volatility but remains above key support levels. Support and Resistance Levels: - Immediate Support Level: 65,000, which could act as a strong support if the price pulls back. - Next Support Level: 62,400, a significant support level that has been tested previously. - Immediate Resistance Level: 70,000, which could act as a barrier to upward movement. - Next Resistance Level: 73,800, a key resistance level that aligns with recent highs. Technical Indicators: - The recent price action and candlestick patterns suggest consolidation within a bullish context. - The overall momentum remains positive, indicating potential for continued upward movement. Direction Preference: Given the current bullish trend and the higher time frame, the preferred direction for BTC/USD in the short to medium term is bullish. The price is likely to continue moving higher towards the resistance levels of 70,000 and potentially 73,800. Key levels to watch: - Pivot Price: 66120 - Resistance: 70000, 73810, 76500 - Support: 64900, 62400, 59940 Conclusion: The BTC/USD daily chart indicates a bullish trend with continued upward momentum. It is advisable to consider long positions, targeting the resistance levels at 70,000 and 75,000. Monitor for any signs of consolidation or pullback, but as of now, the bullish trend remains the preferred direction for today and the near future.
BITSTAMP:BTCUSDLong
by SroshMayi
Do you have the KEY?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 KEY has been overall bullish , trading within the rising channel in blue. Currently, KEY is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #KEY approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
K
by TheSignalyst
4
USNAS100 Bearish Trend Emerges After Bullish Targets ReachedTechnical Analysis Nasdaq The price has reached all our bullish targets perfectly and now appears to be entering a bearish trend. Today's Outlook: The price has stabilized below the resistance line at 19,650, consolidating between 19,625 and 19,525. Bullish Scenario: To re-enter a bullish trend, the price must break above 19,625 and close a 4-hour candle above this level, potentially targeting 19,760. Bearish Scenario: As long as the price remains below 19,625, it is likely to drop towards 19,230. A 1-hour candle close below 19,525 would confirm the bearish trend, with further potential declines. Key Levels: - Pivot Line: 19,570 - Resistance Levels: 19,710, 19,820, 19,980 - Support Levels: 19,450, 19,230, 19,100 Today's Expected Range: The price is expected to fluctuate between the support at 19,100 and the resistance at 19,625. In summary, maintaining a position below 19,625 suggests a bearish outlook, targeting lower support levels. Conversely, breaking above this level could indicate a shift back to a bullish trend.
OANDA:NAS100USDShort
by SroshMayi
S&P 500 Index: Bullish Trend Faces Potential ReversalS&P 500 Index Technical Analysis The S&P 500 (SPX) has continued its bullish trend as anticipated, successfully reaching the projected targets. However, it now appears poised for a potential decline. Intraday Analysis: Today, the price may stabilize within the bearish zone, remaining below 5423 and potentially moving towards 5372. Bullish Scenario: For a new bullish trend to be initiated, the price must close a 4-hour candle above 5423, targeting 5440. Stability above 5450 would then be required to confirm the bullish trend. Bearish Scenario: As long as the price trades below 5423, it is likely to drop towards 5372 and 5346, particularly if a 1-hour candle closes below 5414. Key Levels: - Pivot Line: 5423 - Resistance Levels: 5450, 5484, 5520 - Support Levels: 5372, 5347, 5320 Today's Expected Trading Range: The anticipated movement range for today is between the resistance at 5450 and the support at 5346. In summary, maintaining a position above 5450 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5423 indicates a bearish trend, with potential support targets at 5372 and below.
OANDA:SPX500USDShort
by SroshMayi
Gold's Bearish Trend Below Key ResistanceTechnical Analysis: Gold The price has consolidated between the 2321 and 2302 zones as previously mentioned. Current Outlook: The trend appears bearish for today, as the price has stabilized below 2321. As long as it remains under 2321, it is expected to touch 2302. Bullish Scenario: For a bullish trend to be activated, the price must break through the resistance zone between 2321 and 2327, targeting 2337 and 2357. Bearish Scenario: As long as the price trades below 2321, it is likely to drop to 2302. A 4-hour candle close below 2292 would suggest a further downtrend towards 2260. Key Levels: - Pivot Line: 2321 - Resistance Levels: 2337, 2357, 2369 - Support Levels: 2302, 2292, 2260 Today's Expected Range: The price is anticipated to move between the support at 2260 and the resistance at 2328. In summary, maintaining a position below 2321 supports a bearish outlook, targeting lower support levels. Conversely, breaking above the resistance zone could shift the trend to bullish, aiming for higher targets.
OANDA:XAUUSDShort
by SroshMayi
Gold Market Reacts to Powell's Inflation Warning!!!Technical Analysis: Gold The price of gold recently reached 2341 before declining in response to Federal Reserve Chair Jerome Powell's statement that "inflation is still too high." Based on this, the market is expected to trade within a bearish tactical outlook. Current Outlook: Gold is likely to touch 2302 and then consolidate between 2302 and 2321 until a breakout occurs. Bullish Scenario: As long as the price remains above 2302, it is expected to attempt to reach 2311 and 2321. A break above the 2321-2327 range would indicate a shift to a bullish area, targeting 2337 and 2357. Bearish Scenario: Should the price stabilize below 2302, confirmed by a 1-hour candle close, it is expected to drop to 2292. A subsequent 4-hour candle close below 2292 would confirm a bearish trend, targeting 2278 and 2260. Key Levels: - Pivot Line: 2302 - Resistance Levels: 2321, 2337, 2357 - Support Levels: 2292, 2278, 2260 Today's Expected Range: The price is anticipated to move between the support at 2278 and the resistance at 2328. In summary, maintaining a position above 2302 suggests a potential bullish movement towards higher resistance levels, while trading below 2302 indicates a bearish trend with lower support targets in focus.
OANDA:XAUUSD
by SroshMayi
S&P 500 Hit Record Highs for Third Consecutive Day!!!S&P 500 Index Technical Analysis The S&P 500 ( OANDA:SPX500USD ) has continued its bullish trend as anticipated, successfully reaching the projected targets. With the Consumer Price Index (CPI) result being released at 3.3% as we expected, the index tested its final resistance level of 5450. Intraday Analysis: Today, the price may stabilize within the bearish zone, attempting to break through the pivot line at 5423. Bullish Scenario: The price is likely to consolidate between 5423 and 5450. A breakout above 5450 would activate the next bullish trend, targeting 5484. Bearish Scenario: Should the price close a 4-hour or 1-hour candle below 5423, it is expected to decline towards 5384 and potentially 5372, thereby reaching the demand zone. Key Levels: - Pivot Line: 5423 - Resistance Levels: 5450, 5484, 5520 - Support Levels: 5383, 5347, 5320 Today's Expected Trading Range: The anticipated movement range for today is between the resistance at 5450 and the support at 5372. In summary, maintaining a position above 5450 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5423 indicates a bearish trend, with potential support targets at 5372. Previous idea: S&P 500 and Nasdaq Hit Record Highs for Third Consecutive Day Amid Fed's Interest Rate Forecast The S&P 500 and Nasdaq closed at record highs for the third consecutive day on Wednesday, driven by unexpectedly mild inflation data. However, these indexes retreated from their intraday peaks following the Federal Reserve's announcement that it projects only one interest rate cut this year. In a significant shift from its March projections, which included three quarter-percentage-point reductions, the Fed concluded its June 11-12 meeting by stating it would leave its policy rate unchanged, as anticipated by the market. The stock market experienced volatility after the news and the subsequent press conference with Fed Chair Jerome Powell. While the S&P 500 and Nasdaq pared their gains, the Dow Jones Industrial Average finished the day nearly flat. Stocks opened higher after the Labor Department reported that the U.S. Consumer Price Index (CPI) was unexpectedly unchanged in May, due to a decline in gasoline prices. This softer inflation data initially fueled market optimism. "The CPI number was certainly cooler than estimates and drove optimism to start the day, but that was only half of today's menu," noted Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. The mixed signals from the inflation data and the Fed's cautious stance on interest rate cuts created a complex trading environment, leaving investors to navigate between optimism and uncertainty.
OANDA:SPX500USDShort
by SroshMayi
AUD/USD shortAUD/USD One hour trading report overview Tickets (EP): 0.6662 Reason: Select the 0.6662 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities exist during market corrections.This setup suggests the best entry point to capture a potential downtrend. Stop Loss (SL): 0.6711 Rationale: Stop loss is set at 0.6711, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect the trade from any unexpected upside, thereby minimizing potential losses. Take Profit (TP): 0.6601 Reason: Take profit level is set at 0.6601 The strategic goal is to maintain reasonable profits when the price is close to the previous support level and to ensure reasonable profits when the price pulls back. Profit on this trade: 61pips (610usd/lot) Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly
Short
by Tracyanalyst
USDJPY shortUSD/JPY One hour trading report overview Tickets (EP): 156.86 Reason: Select the 156.86 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities exist during market corrections.This setup suggests the best entry point to capture a potential downtrend. Stop Loss (SL): 157.44 Rationale: Stop loss is set at 157.44, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect the trade from any unexpected upside, thereby minimizing potential losses. Take Profit (TP): 155.77 Reason: Take profit level is set at 155.77 The strategic goal is to maintain reasonable profits when the price is close to the previous support level and to ensure reasonable profits when the price pulls back. Profit on this trade: 109pips (approximately 1,090usd/lot) Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly.
Short
by Tracyanalyst
ETH - Bow and Arrow Trade!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 ETH has been overall bullish, trading above the rising trendline marked in blue. After rejecting the $4,000 - $4,100 resistance zone, ETH is undergoing a correction phase and it is currently hovering around the $3,500 round number. If the $3,500 is broken downward, a deeper bearish correction towards the $3,100 demand zone would be expected. 🏹 The highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and blue trendline acting as a non-horizontal support. 📚 As per my trading style: As ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
Gold Market Poised for Volatility Amid CPI and Fed Rate DecisionTechnical Analysis: Gold The price reached our target from yesterday and still trades at the same zone. Current Outlook: The price is expected to reach 2302 and then push up again. Stability above 2321 would indicate a bullish trend. Generally, the price will consolidate between 2321 and 2302 until a breakout occurs. Market Volatility: Today's market will be influenced by the CPI release and the Federal Reserve's rate decision, leading to increased volatility. Bullish Scenario: If CPI is less than 3.4%, the price should break above 2321 to continue the bullish trend towards 2344 and 2357. Bearish Scenario: If CPI is more than 3.4%, the price may drop to 2302. Stability below 2311 for a 15-minute candle would indicate bearish pressure. A break below 2302 on a 4-hour candle close would target 2292 and potentially 2260. Key Levels: - Pivot Line: 2302 - Resistance Levels: 2333, 2357, 2377 - Support Levels: 2302, 2292, 2260 Today's Expected Range: The price is expected to move between the support at 2292 and the resistance at 2357. Our previous Prediction:
OANDA:XAUUSDLong
by SroshMayi
SPX Continues Its Bullish Trend (CPI + FED RATE)SP500 Index Technical Analysis SPX Continues Its Bullish Trend The price successfully retested and pushed higher, reaching our previously mentioned target. Today's Outlook: The market is maintaining its bullish trend, aiming for approximately 5420. The release of the CPI data today will significantly impact the market. A CPI reading below 3.4% is expected to be positive for indices, potentially driving the SPX to a new all-time high. Bullish Scenario: As long as trades above 5372 means will continue the bullish trend toward 5420 Bearish Scenario: If the price trades below 5372, it indicates a potential drop towards 5347. A breach of 5347 could further lead to 5320. Stabilizing below 5301 would activate the downward area, with the next target at 5260. - Pivot Line: 5372 - Resistance Levels: 5404, 5422, 5484 - Support Levels: 5347, 5320, 5301 Today's Expected Trading Range: - Support: 5320 - Resistance: 5480 In summary, maintaining a position above 5347 favors a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5347 suggests a bearish trend, with potential support targets at 5320 and 5301. Our Previous idea:
OANDA:SPX500USDLong
by SroshMayi
(NASDAQ) CPI & Fed Rate: Key Drivers for Market Volatility TodayTechnical Analysis Nasdaq The price reached the target we mentioned yesterday and has now achieved 19,250. Today's Outlook: Today, the market is expected to be volatile due to the CPI release and the Federal Reserve's rate decision. A CPI reading below 3.4% is likely to support an uptrend, while a reading above 3.4% could negatively impact the indices. Bullish Scenario: If the CPI is below 3.4%, as long as the price trades above 19,100 and 19,220, the bullish trend is expected to continue towards 19,450. It is possible that the price may retest 19,100 before resuming the bullish trend. Bearish Scenario: If the CPI is above 3.4%, stabilization below 19,100 would indicate a move towards 18,940. A further break below 18,940, confirmed by a 1-hour candle close, would signal a downtrend towards 18,810. Key Levels: - Pivot Line: 19,200 - Resistance Levels: 19450, 19570, 19720 - Support Levels: 19100, 18940, 18810 Today's Expected Range: The price is expected to move between the support at 18,940 and the resistance at 19,570. Our Previous Prediction:
OANDA:NAS100USDLong
by SroshMayi
2