Get started

Trendtrading

💡 EURUSD: Prediction for December 1After being blocked around the 1.1000 resistance zone, the price fell sharply in the past session as expected. Currently, a three-candle bearish reversal pattern has appeared on the daily and it has also violated the uptrend line, the signals show. This signal shows the possibility that the price will continue to adjust. Temporarily suspend trading for now, you should wait for the opportunity to return with buy orders around the price range of 1,075.
Short
by Stone_Haven
10
💡 GBPUSD: Increased structureGBPUSD's current structure is still bullish, but the market is currently at daily resistance so the current price action is slowing down but it can be seen that the short-term trend of this pair has also turned over. price increase. Looking at the H4 frame, there are currently not many signs that the market may reverse, so temporarily you can wait for the price to break this current resistance area and then wait for the price to rebound to buy up.
Long
by Stone_Haven
💡 XAUUSD: Gold breaks all-time highSo the Gold price has officially broken its all-time peak and begun the search for a new peak. The chart below is a candlestick chart that visually represents the spot price of Gold on the OANDA:XAUUSD exchange. Based on the momentum indicator below, we can see that there is still a lot of room for Gold to increase, so maybe our main strategy in the near future for Gold should be to buy. The necessary strategy now is to consider Buy Limit. Avoid buying high to prevent risks
OANDA:XAUUSDLong
by Stone_Haven
💡 XAUUSD: The upward momentum has stalled➡️ OANDA:XAUUSD ANALYSIS December 1, 2023 Gold experienced a decline yesterday, putting an end to its five-day streak of consecutive price hikes, which had pushed it into an overbought state over the past two days. Nevertheless, the downward pressure is relatively mild as the decrease recorded in the D1 bar had a limited range. The primary trend for daily (D1) gold prices continues to be upward, and this drop is perceived as a form of correction following the recent surge in prices. In the hourly (H1) gold chart, the adjustment pattern exhibits a downward diagonal structure. However, a definitive downtrend has not materialized as the price has yet to break the most recent low. The prevailing strategy for H1 gold is to persist in buying at lower levels, avoiding chasing after higher prices, especially since D1 is currently encountering resistance.
OANDA:XAUUSDLong
by Stone_Haven
#AUDJPY potential turnaroundHello dear traders and friends. Let's take a look at the AUDJPY chart and explore the potential bullish move that could happen from around here. As observed in the 4-hour timeframe chart, the overall direction of the price is bullish , characterized by higher highs (HH) and higher lows (HL). The price respects a bullish trendline acting as support, with clear bullish bounces occurring each time the price reaches or gets close to this line. Simultaneously, in the 1-hour timeframe chart, the price is forming a double bottom , corresponding with a bullish divergence between price and the momentum (Stoch) oscillator. The crucial aspect of these two confluences is that they are occurring in an important supportive area, namely the static support area and the bullish trendline, which adds to the possibility of the divergence working out. From a candlestick perspective, we also observe the formation of a bullish engulfing candle in the 1-hour timeframe, which can be interpreted as a morning star if combined with two previous candles. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
9
USD/JPY - What would be the next direction for the pair We can observe that the USD/JPY pair has been on a bullish trend since January, reaching a retest of a 33-year high at 152.073 this month. There has been a moderate pullback to the supply zone, trendline and the EMA200. The current scenario presents possibilities for both a downside break and an upside push, with the potential to surpass the 152.073 level. The market is currently establishing higher highs, maintaining its overall bullish trajectory.
by ekesam
💡 XAUUSD: Analysis on November 30Below is the OANDA:XAUUSD analysis on November 30 Gold saw its fifth consecutive day of price hikes yesterday, marking a sustained upward trend where the most significant surge has yet to materialize. Despite the uptick in yesterday's D1 bar, it formed a spinning top candlestick pattern, indicating a delicate balance between supply and demand throughout the day. However, buyers no longer exert full control. The overall structure of Gold's D1 chart remains bullish. Nevertheless, the fact that yesterday's D1 bar continued to close beyond the upper boundary suggests an overbought scenario, raising the possibility of a potential retracement before further advancement. H1 gold, on the other hand, has transitioned into a sideways accumulation phase, unable to sustain its upward trajectory due to the inability to establish a new high price peak. The crucial approach for H1 gold is to patiently await buying opportunities at lower levels, avoiding chasing after higher prices to prevent overbought conditions at D1.
OANDA:XAUUSDLong
by Stone_Haven
3
DXY's Recent Shifts: Insights and ObservationsD ear Esteemed TradingView Community, I'm sharing my recent analytical insights into the movements of the Dollar Index (DXY). Please note that the following reflections are not financial advice but rather a comprehensive analysis based on my observations. This week, DXY experienced a notable descent, and my analysis, driven by AI natural language processing, suggests a correlation with global news developments. Strikingly, the influence of news events appears to have a more significant impact on price action than technical indicators. As DXY found its way down, it eventually landed in a support zone. While this decline signals a bearish sentiment, it's crucial to recognize that the current position also places DXY in a support zone. Historical data indicates that predictions originating from support zones tend to favor upward price trends. Although some indicators still hint at a potential bearish outcome, extending downwards to the underlying support zone around $101 (as indicated by the blue rectangle), this zone might also act as a reversal point. Notably, the current support level aligns with the Exponential Moving Average (EMA) of 200, adding a layer of significance to its potential impact. In this scenario, careful observation becomes paramount. One can monitor whether the price breaks below EMA 200, potentially signaling a short position with a target at the underlying support zone. Conversely, a long idea could play out if the observed support level, coinciding with EMA 200, acts as a shield, propelling DXY upward. It's essential to exercise caution when contemplating short positions from the current level, given its classification as a support zone. The risk-reward ratio may not favor such a strategy at this juncture. Adding a layer of complexity to the analysis is DXY's correlation with the stock market. The potential for DXY to follow a bearish trajectory could be heightened by a flourishing stock market. Conversely, a bounce in DXY might indicate a retracement in the context of a thriving stock market. In conclusion, the intricacies of DXY's current position warrant careful consideration. The interplay between support zones, technical indicators, and global events introduces a degree of uncertainty. As we navigate these waters, it's crucial to remain vigilant and adaptable in our approach to market analysis. With regard and an understanding heart, Ely
TVC:DXY
by Elysian_Mind
💡 XAUUSD: Can gold maintain its upward momentum?There are two main factors driving the increase in gold prices: - USD weakness: The USD fell 0.1% and hovered around a more than 2-month low recorded last week. This makes gold cheaper for holders of other currencies. - Expect the US to end interest rate hikes: Investors are expecting the US Federal Reserve (Fed) to begin slowing down interest rate increases after the US jobs report showed that the labor market is slowing down. heat. This also makes gold more attractive to investors looking for a safe haven. ➡️ Senior market analyst Craig Erlam at OANDA said that gold prices are rising spectacularly beyond 2,000 USD/ounce after a report published last week showed that inflation and the job market are cooling. ➡️ Gold prices have been pushed well above the 50, 100 and 200 day moving averages and are very close to the all-time high reached in August 2020.
OANDA:XAUUSDLong
by Stone_Haven
#NZDUSD bearish possibility move We can see price reaching out to the daily timeframe bearish channel upper line, which potentially can act as resistance for the price. Additionally, we can spot the formation of a rising wedge pattern in the chart, which is intrinsically bearish and is regarded as a reversal formation in an uptrend. Another factor indicating the loss of bullish momentum is the decrease in cycle amplitude . A decrease in cycle amplitude in an uptrend is an early indication that there may potentially be underling weakness. (use 4 hour time frame chart for this.) Moreover, we have a static resistance area that previously acted as support and resistance for the price, making it an important area to observe for price reactions. It's crucial to note that any breakout from the upper side of the rising wedge pattern or the bearish channel would invalidate this analysis. For taking a position any breakout from below the rising wedge or changing market structure in 4-hour time frame could give us the entry trigger. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
5