Trend Lines
USDCHF Wave Analysis – 7 February 2025
- USDCHF reversed from support zone
- Likely to rise to resistance level 0.9185
USDCHF currency pair recently reversed up from the support zone between the round support level 0.9000 (which also stopped the previous correction (2)), lower daily Bollinger Band and the support trendline from December.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Piercing Line.
Given the clear daily uptrend, USDCHF currency pair can be expected to rise to the next resistance level 0.9185 (which has been reversing the price from May of 2024, as can be seen below).
Solana $SOL Setup – Keeping it CleanSolana looks strong, so it’s time for a trade. The entry is placed at $193.50, with a stop-loss at $187 to keep risk in check. The target is set at $205.53, aligning perfectly with the monthly and weekly VWAP VALs.
This setup offers a 1:1.85 risk-to-reward ratio—nothing crazy, just a clean, structured trade. No moonboy fantasy for now, just following the price action and executing accordingly.
Starting a Bitcoin Analysis Series – February EditionI’m kicking off a Bitcoin analysis series for February , where I’ll be sharing quick and to-the-point updates on the Bitcoin chart throughout the month. Alongside that, I’ll also post my trade ideas as they develop. The goal is to stay on top of the price action and navigate the market with clear, structured setups.
I might not be able to catch every single move, but I’ll do my best to cover the most relevant ones. Hopefully, this will lead to some solid trades and strong results. At the end of the day, it’s not that complicated—you just have to trade what you see .
Looking forward to an exciting month in the crypto market!
GBPUSD Sell signal has been triggered!Hey Guys,
Based on the chart price rejected from and resistance area that is displayed on the chart.
So based on this scenario and with considering the bearish movement in previous days, we can consider this as another sell opportunity with good risk/reward ratio (1/5).
I will update this post based on market movements in close future.
Good luck & Have fun! 😊
CVS Health Corp | CVS | Long at $43Not much to write about here except the stock has reentered the "crash" simple moving average area (see green lines). Often, this signals an overall bottom, but it doesn't mean a further dip below $40 isn't possible in the near-term. Personally, I can't ignore this reentry and thus have started a position at $43 (after closing out a previous position in October in the $60's). The company has a lot of headwinds, but if Walgreens NASDAQ:WBA is also in trouble, is NYSE:CVS too big to fail in the short-term?
Target #1 = $53.00
Target #2 = $60.00
Target #3 = $65.00
Target #4 = $68.00
Las Vegas Sands | LVS | Long at $43.76Pros:
Earnings are forecast to grow 13.29% per year
Earnings grew by 18.4% over the past year
2.3% dividend yield
Cons:
Insider selling and exercising of options
Debt-to-equity ratio of 3.8x
Small price gap on the daily chart near $41 that may close prior to a move up.
If people can't buy houses, they will travel... thus, at $43.76, Las Vegas Sands NYSE:LVS is in a personal buy zone.
Targets
$50.00
$57.00
$59.00
USNAS100 : Toward ATH or Not Yet!USNAS100 Technical Analysis
The price may stabilize in the bullish zone after holding above 21,380 and breaking the pivot line at 21,635.
Currently, a correction is expected before another push upward to break 21,760. A 1-hour candle closing above 21,760 will confirm a bullish trend towards 21,900.
The bearish scenario will be triggered if the price stabilizes below 21,635 and 21,535.
Key Levels
Pivot Point: 21760
Resistance Levels: 21890, 22010, 22100
Support Levels: 21635, 21535, 21380
NFP, continue to buy goldDear traders,
Gold is currently trading around the 2865 level. To be honest, there are no clear signs of a market top at this stage, which indicates that gold still has upside potential. From a technical perspective, as long as gold holds above the 2850-2840 support zone (yesterday’s low), it retains the potential to continue its rally toward the 2900 level.
However, with the upcoming NFP release, market uncertainty will increase. Even if the data supports further gold appreciation, the sustainability of the move remains uncertain. Additionally, after a prolonged rally, gold may require a corrective pullback for price consolidation. Therefore, it is crucial to lock in profits in a timely manner and avoid excessive greed or unnecessary risk-taking.
From a trading perspective, long positions can be considered around the 2860-2850 support zone.Bros, do you have the courage to join me in continuing to be long gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
McDonald’s: Trendline Breakout Before EarningsMcDonald’s has slid for about three months, but it may be attempting a breakout as earnings loom.
The first pattern on today’s chart is the series of lower highs since October. MCD pushed above that falling trendline in late January and has stayed above it since. That may suggest an intermediate-term decline has ended.
Second is the August 16 weekly close of $278.49. The hamburger giant tested and held that level a few weeks ago. The bounce coincidentally occurred near the 200-day simple moving average (SMA).
Speaking of moving averages, the 50-day SMA had a “golden cross” above the 200-day SMA in September. Is the longer-term trend getting more bullish?
Next, the 8-day exponential moving average (EMA) is above the 21-day (EMA). MACD is also rising. Both of those signals may be consistent with a short-term uptrend.
Quarterly results are due Monday morning.
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Rightmove Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Rightmove Stock Quote
- Double Formation
* ABC Flat | Entry Bias & Take Profit Hit
* 1st Trendline | Completed Survey | Subdivision 1
- Triple Formation
* 2nd Trendline | HH & HL's | Subdivision 2
* 1 st & 2nd Retracement | Entry Feature | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
HelenP. I Euro will correct to support level and then start growHi folks today I'm prepared for you Euro analytics. Some time ago, the price rose close to the resistance level but then made a small correction. After that, it quickly climbed to the resistance level again. The Euro broke this level, which coincided with the resistance zone, and traded near it for some time before breaking it once more and starting to decline. In a short time, the price dropped to 1.0380 and then rebounded back to the resistance level, after which it reversed and continued to decline. Soon, the price reached the support level, which coincided with the support zone, broke it, and made a strong gap down, falling to the trend line. Then, the Euro started to move up within a pennant pattern, where the trend line acted as a support. Soon, the Euro reached the support level and broke it once again, then made a retest and continued moving higher. Later, it climbed to the resistance line of the pennant pattern, turned around, and quickly fell to the support level before resuming its upward movement. Currently, the price is trading near the trend line, and I expect EURUSD, after a break out of the pennant, to correct to the support level. After that, it may reverse and start rising toward the resistance level. In this scenario, my target is set at 1.0465 level. If you like my analytics you may support me with your like/comment ❤️
HelenP. I Gold can correct to the trend line, after rising moveHi folks today I'm prepared for you Gold analytics. A few days ago we can see how the price showed strong upward movement, but before this, Gold traded near support 2, which coincided with the support zone. Then it rebounded and rose to 2727 points and then made a correction even below support 2, but then it turned around and started to trades inside the wedge. Price fell to the trend line and at once rebounded up, breaking the 2nd support level, and continued to move up neat this line. So long it rose near this line, but on the fourth touch, Gold rebounded and reached 1st support level, which coincided with one more support zone. Then it made a correction to almost the trend line and then in a short time rose back to 1st support, broke it, and later exited from the wedge as well. Next, it made a retest and rebounded up to 2880 points. Now I expect that XAUUSD will make a correction movement to the trend line, which is located inside the support zone. That's why I set my goal at 2800 points, which coincides with them. If you like my analytics you may support me with your like/comment ❤️
SOLUSD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
155.100 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
A peak is formed in daily chart at 295.850 on 01/19/2025, so more losses to support(s) 186.409, 175.250 and minimum to Major Support (155.100) is expected.
Take Profits:
218.928
243.197
264.400
294.450
350.000
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CHFJPY: Bearish Trend Will Resume Soon 🇨🇭🇯🇵
CHFJPY looks bearish on a daily after a violation of a significant support cluster.
The broken structure and a falling trend line compose a contracting
supply area now.
With a high probability, a strong bearish wave will follow from there.
Next support - 165.9
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GOLD → Price enters buying zone ahead of NonFarmsFX:XAUUSD resumes gains Friday after brief pause, retesting liquidity accumulation support, but traders cautious ahead of US NFP release
NFP decline may support gold - if the actual NFP comes in below forecast (169K), it will reinforce expectations of an imminent Fed rate cut.
Weaker labor market → pressure on the dollar → gold rises.
Fed and policy:
At 15:00, the Fed's monetary policy report will be released, which could clarify the regulator's future course.
If signaling easing → gold up. If there will be hawkish notes → pressure on XAUUSD, but we should also take into account Trump's policy on economic risks
Conclusion on XAUUSD:
In the medium term there is every chance to reach $3,000, locally it all depends on the news: weak NFP and lack of wage growth could send gold above $2,900.
If the data turns out to be strong → a downward correction is possible
Resistance levels: 2870, 2882
Support levels: 2858, 2848
Technically, the focus is on the 2870 resistance. If the price can break this resistance and consolidate above, this maneuver will open the way to further upside. I do not rule out a retest of the channel boundary or 2858 before further upside.
Regards R. Linda!