SATS NEW INCREASE VOLUMESATS seems to have a new increase view with the possibility that we are going to see a new volume trend in the coming time frames.
For confirmations, we need to follow the coming time frames.
This coin has seen since MAR month 3 breakdown trend.. the new time frames can make a change for a new uptrend since a long time ago.
Trend
SAFE NEW INCREASE VOLUMEHello traders,
SAFEUSDT is showing an interesting reversal pattern that could signal a new trend towards its previous all-time high (ATH) level.
Today, the coin has demonstrated a new trend activation, prompting us to update the idea chart to reflect this increased potential.
There is a high probability that we will see a rise in volume in the upcoming time frames.
Markets are going on their way, and there is not always a reason that the market should move directly. Sometimes it takes more time before the trend gets a confirmation.
there are no guarantees in the market and This idea is not trading advice.
The goal is to check where are the moment possibilities in trading, and the possibilities that the market can have in the coming time frames. ( depending on study and high chance)
Trends Mixed; Overall Neutral Short Term on MarketsSo, as stated in the video, the shorter term timeframes of 30m/1hr/2hr have opened up to lower movements, while the 3hr/4hr/6hr have been violated and would call for a movement back up, but haven't shown that potential movement yet.
We are still in a short term Bullish Zone in accordance with my moving momentum algorithm, but we are very close to hitting below that Zero Line into Bearish territory, especially if we continue to stay low like this. What I may look for is a movement into the Bearish zone, a move upward, and if that movement upward doesn't bounce us back into a bullish zone I may short the market, but we shall see.
Overall long term, I'm curious if the Daily can push below and settle under 5160ish for a Lower Low. It would be the first time in quite some time that we had a lower low on the Daily trend, putting us at risk of getting a lower high Daily rebound that will call for markets to be on a decline.
Overall, The Mag 7, especially NVidia, still continue to mostly carry the market with the bulk of the Dow in neutral territory at best, and the Nasdaq outside of the Mag 7 also neutral. I continue to be concerned about this rally being too narrow and traders continuing to use Mag 7 stocks as safety stashes, and what will happen if they choose to take that safety money out to stash it somewhere else.
Trends into today are;
Last Macro Trend Signal Spots (ES Contract)
30m - 5319 Downtrend (5/28/2024) Lower Low
1Hr - 5313 Downtrend (5/28/2024) Lower Low
2Hr - 5309 Downtrend (5/28/2024) Lower Low
3Hr - 5286 Downtrend (5/23/2024) Higher Low
4Hr - 5286 Downtrend (5/23/2024) Higher Low
6Hr - 5287 Downtrend (5/23/2024) Higher Low
12Hr - 5188 Uptrend (5/6/2024) Higher High
Daily - 5330 Uptrend (5/15/2023) Higher High
Weekly - 4769 Uptrend (12/11/2023) Higher High
Monthly - 5304 Uptrend (03/31/2024) Higher High
Economic Calendar;
GDP Thursday
PCE Friday
Earnings to watch;
Salesforce AMC today
Costco earnings are tomorrow
My sentiment on the market is as follows;
Shorter Term - Bearish
Short Term - Bearish / Neutral
Medium Term - Neutral / Bullish
Long Term - Bullish
Basically, I don't see major risks in the long-term just yet, but the short term is a bag of mixed reactions. Currently in a place I feel we may need to look elsewhere. If you were looking for me to give you a warm and fuzzy on where to trade the ES Futures, I just can't give that today.
Safe trading and remember your risk management.
GBPUSD (Long Movement)Technical Analysis of GBPUSD
Stability above 1.2693 will support a bullish trend, targeting 1.2783. Breaking this resistance will lead to further bullish targets. Conversely, a reversal to stabilize below the pivot line at 1.2693 will support a decline towards 1.2627 and 1.2572.
Pivot Price:1.2700
Support Levels: 1.2627, 1.2572, 1.2541
Resistance Levels: 1.2780, 1.2820, 1.2898
Today's expected movement range is between 1.2693 and 1.2783.
GOLD FORECASTThe current analysis indicates a Bullish trend for OANDA:XAUUSD , should continue on the secondary channel till 2369, and after that stabilizing above 2369 will continue the bullish trend till 2397. otherwise stabilizing below 2369 will try to reach 2334 and 2306.
Key Levels:
Bullish Lines: 2369, 2397, 2412
Bearish Lines: 2334, 2306, 2281
GOLD (To 2369$) Fed's Inflation Measure Up 0.2% in AprilFed’s Preferred Inflation Measure Rises 0.2% in April, as Expected
According to a closely watched measure released Friday by the Federal Reserve, inflation rose as expected in April, with markets anxious about when interest rates might begin to decline.
The personal consumption expenditures (PCE) price index, excluding food and energy costs, increased by 0.2% for the period, matching the Dow Jones estimate.
On an annual basis, core PCE rose by 2.8%, 0.1 percentage points higher than the estimate.
Including the volatile food and energy categories, PCE inflation was 2.7% annually and 0.3% from the previous month. These figures were also in line with forecasts.
Technical Analysis of Gold
The price has stabilized in the bullish zone, particularly after the PCE result came in at 0.2%.
The first bullish targets are 2364 and 2369. After reaching these levels, the price is expected to move between 2369 and 2354 until a breakout occurs.
Volatility is expected to remain high until the market closes.
Pivot Price: 2347
Resistance Levels: 2369, 2388, 2397
Support Levels: 2327, 2318, 2304
Today's anticipated trading range is between the support level at 2335 and the resistance level at 2397
GBPAUD - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPAUD has been overall bearish , trading within the falling channel in red.
At present, GBPAUD is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.
📚 As per my trading style:
As #GBPAUD approaches the circle zone, I will be looking for bearish reversal setups (like a double top 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
CADCHF - Ready For The Next Impulse 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 CADCHF has been overall bearish, trading within the falling channel in red.
At present, CADCHF is hovering around the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting the upper bound of the short-term symmetrical triangle marked in orange.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper orange and red trendlines.
📚 As per my trading style:
As #CADCHF is around the circle zone, I will be looking for bearish reversal setups (like a double top 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
USNAS100 (Falling Pressure...)Technical Analysis
The price dropped by approximately 1.30%, as mentioned in the previous analysis.
Currently, the price will trade between 18,435 and 18,550 until a breakout occurs.
Bearish Scenario: Stability below 18,435 will likely lead to a drop towards 18,250.
Bullish Scenario: The price must break above 18,550 and stabilize to reach 18,650 and 18,735.
The Nasdaq continues to experience bearish pressure.
Pivot Line: 18500
Resistance Levels: 18650, 18735, 18820
Support Levels: 18340, 18250, 18110
Today's range is expected to be between the support at 18230 and the resistance at 18650.
previous idea:
SPx (US Futures Dip Ahead of PCE Data with Technical) US Futures Dip Ahead of PCE Data
US stock futures edged lower on Friday as investors braced for the April PCE price index report, the Federal Reserve's preferred inflation gauge.
Technical Analyse:
The price dropped by approximately 0.27% from yesterday and reached our target, as mentioned in the previous analysis.
For today, the price is expected to move between 5240 and 5220 until a breakout occurs. Bearish pressure remains , and stability below 5220 will likely support a further decline to 5192, with 5168 as the next target. Conversely, stability above 5240 will suggest an attempt to reach 5260.
Pivot Line: 5226
Resistance Levels: 5260, 5284, 5320
Support Levels: 5193, 5168, 5114
Today’s expected trading range is between the support at 5168 and the resistance at 5262.
previous idea:
EURUSD (Still in the same Range)EURUSD Techncial analyse
The price reached the price we mentioned in the previous idea, it was the upper of the channel.
Now, after touching the support line the price rebounded and will continue the bullish trend toward 1.08800 and then should break that to get 1.0917 and 1.09575
stability under 1.0796 means will start a bearish trend toward 1.0707,
Pivot Price: 1.0850
Resistance Levels: 1.0880, 1.0917, 1.0992
Support Levels: 1.0796, 1.0707, 1.0650
The price is expected to oscillate between the support at 1.0796 and the resistance at 1.0917.
previous idea:
DJ30 FORECASTThe forecast for the Dow Jones 30 is now leaning towards a bearish trend. Prices are expected to fluctuate between 40050 and 39564. However, if the 4h candle closes below the pivot line at 39,564, the bearish pressure is likely to continue, potentially driving prices down to 39400 and 38825.
Key Levels:
Bullish Line: 39825, 40050, 40285, 40500
Pivot Line: 39564
Bearish Line: 39400, 39075, 38825, 38445
US30 (Toward Support Zone...)US30 Technical Analysis
The price dropped from the pivot line at 39,050, as we noted at the beginning of the week. It is currently heading towards 38,500 and 38,400. If the price stabilizes below this support zone, the bearish trend is expected to continue towards 38,020 and 37,820 for the week. Today, the price is anticipated to consolidate between 38,500 and 38,790 until a breakout occurs.
A bullish scenario will be activated if the price breaks above 38,790, targeting 39,050.
Pivot Line: 38,675
Resistance Levels: 38,790, 39,050, 39,350
Support Levels: 38,410, 38,020, 37,820
Today's expected movement range is between the support level at 38,400 and the resistance level at 38,790.
Previous idea:
Gold ( XAUUSD ) analysis www.tradingview.com
On the 4-hour chart, XAUUSD has developed a head and shoulders pattern, indicative of a classic reversal trend. The price is currently hovering around a pivotal support level, with the moving averages suggesting a potential for further downward movement.
A selling opportunity for XAUUSD may arise if the price breaks below the support at 2330, potentially leading to a further drop towards 2285.
GOLD FORECASTThe current analysis indicates a Bullish trend for OANDA:XAUUSD , provided it stays above the PIVOT LINE at 2329, and it's possible to touch 2355 as well then it'll start the bullish trend. The prevailing Bullish pressure suggests that if trading remains above 2329, the trend will continue a strong upward till 2376. otherwise stabilizing below 2329 will try to reach 2306.
Key Levels:
Bullish Line: 2355, 2376, 2397, 2412
Pivot Line: 2329
Bearish Line: 2306, 2281, 2306
DJ30 FORECASTThe forecast for the OANDA:US30USD indicates a potential bearish trend. However, there may be a retest of resistance levels between 38445 and 38600 before the downtrend begins. The bearish movement is expected to target support levels at 37721 and 37499.
Key Levels:
Bullish Line: 38445, 38825, 39075, 39400
Pivot Line: 38000
Bearish Line: 37721, 37499, 37130, 36665
XAUUSD recent updatexauusd is moving so deep down after various FED talks
Gold slumps amid strong US Dollar, high US Treasury yields
Gold prices slump on Wednesday amid rising US Treasury yields, boosting demand for the Greenback due to hawkish comments by a Federal Reserve (Fed) official.
our recent analysis founds 2330-2328 is a strong support area and 2344 act as major pivot due to simple moving average passing through the point and mayor retracement from that area many times yesterday.
above 2344 its a buy
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SPY Fibonacci Price Theory And BreakOut BarsThis instructional video teaches you the basics of Fibonacci Price Theory in conjunction with Breakout Bars and how price is the ultimate indicator.
Throughout this video, I try to provide instruction on key elements related to the Fibonacci Price Theory (Unique & Standout Highs/Lows). Additionally, I've also included Breakout Bars and Fibonacci Price Retracement concepts.
What I really hope you learn from this video is to see price as the true ultimate indicator for your trading decisions. Using technical analysis techniques is fine, but use price as the key element when trying to confirm or reject your trading ideas.
I hope this helps you understand that price, action, and reaction through trends, peaks, and troughs are the most important components of the chart. Everything else is peripheral.
FOXY NEW INCREASE TREND ATHThe main market is stable, and there are low effect on long.
This update is for FOXYUSDT
Depending on the study trend this coin shows possibilities for new increase.
FOXY seems to be at an important key level, where it has a high chance of breaking in the coming time.
We will follow this coin with the possibility of the trend increasing and breaking.
This can be interesting for day trading and long term, it depends on the coming time market view.
Remember, there are no guarantees in the market. Always follow a consistent system based on your own strategies and analysis that are at long-term profitable.
The reason for expecting this coin can increase
Activation of a new trend with the possibility of starting a new cycle.
Good times, everyone.
This update is not trading or financial advice.
SPx (Another Bear will come...)SPx New Forecast
The price of the S&P 500 reversed from its support line at 5266 and can now reach the resistance line at approximately 5305, with the potential to touch 5320 as well.
If the price remains below 5305 and 5320, it will likely fall back to the support line at 5266. Breaking this level could extend the bearish trend towards 5226.
Pivot Line: 5305
Resistance Levels: 5325, 5350, 5400
Support Levels: 5266, 5227, 5193
Today’s expected trading range is between the support 5266 and the resistance 5325.
GOLD (Sensitive bullish Volume )Technical Analysis of Gold
The price dropped from its resistance line around 2361 and has already reached the support line at 2344.
Now, the price is likely to attempt to reach 2354 and 2361, given the bullish volume stability in the current 4-hour candle. However, if a 4-hour or 1-hour candle closes below 2344, the price is expected to drop to 2327. Stability above 2344 will support a rise towards 2354 and 2361.
Pivot Price: 2344
Resistance Levels: 2354, 2369, 2388
Support Levels:** 2327, 2318, 2304
Today's anticipated trading range is between the support level at 2327 and the resistance level at 2369.
USDJPY WEEKLY OUTLOOK### Weekly Market Outlook
Monday: The week begins quietly with a U.S. bank holiday in observance of Memorial Day, leading to subdued financial markets.
Tuesday: Focus shifts to Japan for the release of the BoJ core CPI y/y. In the United States, the CB Consumer Confidence data will be closely monitored.
Wednesday: Key inflation data from Australia will be released, offering insights into the RBA's upcoming monetary policy decisions.
Thursday: A series of significant U.S. economic indicators will be published, including preliminary GDP q/q figures, unemployment claims, and pending home sales. These data points are crucial for understanding the U.S. economic trajectory.
Friday: The week concludes with several important releases. Japan will report its Tokyo core CPI y/y and industrial production data. The eurozone will release its CPI figures, the final print before the next ECB meeting. In the United States, the core PCE price index m/m, personal income m/m, and personal spending m/m data will be released, providing a comprehensive view of recent consumer activity.
Throughout the week, several FOMC members are scheduled to speak, potentially offering insights into future monetary policy. Additionally, Barclays suggests that month-end rebalancing might signal strong dollar selling, a factor to consider in trading decisions.
In the U.S., CB Consumer Confidence is expected to decline from 97.0 to 96.1. Analysts at Wells Fargo highlight a discrepancy: consumer spending has recently increased, while consumer confidence has declined since the beginning of the year, reaching its lowest level since 2022. This decline in confidence may stem from persistent concerns about rising prices, despite a drop in inflation from its peak. Additionally, a slight rise in unemployment has contributed to a less optimistic economic outlook.
Technical Analysis:
The price continues to experience bullish pressure towards 157.970, with a potential further rise to 159.820 upon breaking this level.
A correction to 156.590 is possible before resuming the bullish trend. The bearish scenario will be triggered if the support line at 156.590 is broken, potentially leading to a drop to 155.940 and 155.445
Pivot line: 156.590
Resistance line: 157.970, 159.82, 161.820
Support line: 155.950, 155.450, 154.700
The expected trading range is between support 155.450 and Resistance 157.970
previous weekly idea:
BTC - Ready For Some Action?Hello TradingView Family / Fellow Traders,
As per my last analysis, BTC rejected the $60,000 support and traded higher.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
For the bulls to maintain control, a break above the $72,000 resistance is needed.
In this case, a movement towards the $80,000 resistance would be expected.
2️⃣ Bearish - Correction
In parallel, if the last low marked in red is broken downward, we expect the bearish correction to start leading to a movement towards $60,000.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr