Gold can rise a little and then drop to support levelHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price made an upward impulse from the support line of the triangle and rose to the resistance line, breaking the support level, which coincided with the buyer zone. Then Gold turned around and made a correction movement to the support level, where it some time traded and then rebounded up from the support line of the triangle. Price rose to the current support level, thereby exiting from the triangle, and then started to decline inside the wedge. Gold fell to the support line, which is located in the buyer zone, and then started to grow. In a short time, the price broke the 2615 level, after which made a correction to the support line and then continued to move up. Later, Gold rose to the resistance line of the wedge and broke it, thereby exiting from the wedge pattern and then in a short time rose to the current support level. Soon, the price broke this level and continued to move up next. So, I think that Gold will make a small move up and then drop to the support level. That's why I set my TP at 2725 level. Please share this idea with your friends and click Boost 🚀
USD (US Dollar)
Euro can enter to seller zone and then drop to support lineHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price a few moments ago price entered to wedge and started to decline, but firstly it entered to seller zone and then bounced down. In a short time, the Euro declined to the support level, which coincided with the buyer zone, and soon broke this level and fell to the support line of the wedge. Then the price turned around and started to grow. Euro quickly rose to the support level, broke this level one more time, and made a retest, after which rose a little more. After this movement, the EUR some time traded near the support level until it reached the support line of the wedge and then bounced up from this line to the resistance level. When Euro reached this level, it corrected and then continued to move up to the seller zone. When the price entered to this area, the Euro some time traded inside and later reached the resistance line of a wedge, after which rebounded down. Price broke the 1.0420 level and continued to fall. At the moment, the price is traded below this level and I think that the price can fall to rise to the seller zone and then drop to the support line of the wedge. After this, the Euro can exit from this pattern, make a retest, and continue to decline to the support level. So, that's why I set 1st TP at 1.0350 points and 2nd at the 1.0260 level. Please share this idea with your friends and click Boost 🚀
HelenP. I After correction movement, Euro will continue growHi folks today I'm prepared for you Euro analytics. In this chart, we can see how the price rebounded from the resistance level and then tried to grow, but failed and soon fell back. Next, the price some time traded near this level and then broke it and dropped below. After this, the price almost rose back, but then turned around and dropped more to the trend line, breaking the support level, which coincided with the support zone. Later Euro rebounded from the trend line and rose to almost a resistance level, after which turned around and dropped back, breaking the trend line with the support level again. After this movement, Euro rebounded up, breaking the support level one more time, and then made a retest and continued to move up until it reached the trend line. Then price continued to move up near the trend line and soon broke the resistance level, but recently fell below. At the moment, I expect that EURUSD, after correction movement, can continue to move up, breaking the resistance level with the trend line. So, for this case, I set my goal at 1.0550 points. If you like my analytics you may support me with your like/comment ❤️
GOLD FURTHER SELL OFF?! (UPDATE)Gold has pushed up extremely bullish today, so far 320 PIPS. It has stayed below the last ATH of $2,790 keeping the market structure valid so far. BUT, it has surpassed the important price point of $2,780 which makes market structure very difficult to navigate right now.
I'm waiting on the weekly candle closure to get a better idea of what Gold could possibly do next. The next few trading days should develop price action & make future direction more clear. Being patient right now.
Euro Rises to 1-Month High as ECB Decision NearsEuro Appreciates as ECB Decision Looms
The Euro has climbed to $1.05, its highest level in over a month, supported by a weaker U.S. dollar after President Trump softened his stance on universal tariffs and called for an immediate interest rate cut.
EUR/USD Technical Analysis
The pair is showing strong bullish momentum, having broken above the pivot level at 1.0470. Despite this, there is a chance of a short-term retest of the pivot level before the price pushes higher toward 1.0530 and 1.0605.
For a bearish reversal, the price must break and sustain below 1.0437 with a 4-hour candle close. If this occurs, the next downside targets will be 1.0367 and potentially 1.0288.
Trend Outlook
Bullish Trend: Above 1.0469
USDNOK - Sell Opportunity After Support BreakOANDA:USDNOK recently broke through a significant support level, creating an opportunity for further bearish movement. The market is now retesting this level. A rejection off this area could push the price lower toward the 11.08069 level, confirming the breakout's strength. Conversely, a failure to hold resistance could indicate a continuation of the bullish trend.
Traders should look for bearish confirmation signals, such as bearish engulfing candles or increasing sell volume, before entering short positions.
What's your opinion on this potential short trade? Feel free to share below!
EURO - Price can exit from triangle and rise to $1.0520 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price started to decline in falling channel, where it declined from $1.0420 level to support line.
Then EUR rose a little and then fell lower than $1.0260 level to support line of channel, but soon bounced up.
After this, Euro broke $1.0260 level again and exited from channel, after which started to trades inside flat.
In flat, price some time traded and later made an upward impulse to $1.0420 level, exiting from flat and entering to triangle.
In triangle pattern, Euro made a correction to support line, but soon backed up and now trades near support area.
So, in my opinion, Euro can decline to support area, exit from triangle, and then start to move up to $1.0520
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Ondo first entryHere Ondo, it’s just looking like a good set up. It’s over the 200ema and holding support on the daily, as well as just now push over the 50% on RSI. We also see divergence.
Removed all profits from XCN waiting to see it more stable while we play with Ondo for a bit, let’s see what can happen, but it looks good so far.
We could see a push to $1.74 and then $2.15 before seeing what the market prints for us.
Good luck and have fun with it
Just a lookLooking at a meme coin for fun. The main reason is for volatility, the 2nd would be that is coinebases meme and knowing, when people with power say 1 thing in twitter the coin can go flying. All publicity and very high risk.
Has potential to drop nearly 50% or more so be careful if you do enter
Just looking for now while XCN continues to fly
However it could be POPCATs price in the future just keep that in mind
Good luck and have fun with it
USD JPY Monthly Prospective Analysis up to 2060I updated my previous idea so that it can be more specific in detail. This is the idea combined with elliott wave theory(I forgot to mention in the previous upload, but, in my chart, the number 2 wave corresponds to the 3 in the elliott and the 3 to the 5. The number 1 wave is the same as the 1 in the elliott). Up to 2027 the trend is down, bounced at around 98 and then going up all the way to reach around 170 (maybe does not reach 200 yen this time, that would be accomplished more than about 50 years later). Hope to live long to see if its correct!
EURUSD 27-31 Jan 2025 W5 - Weekly Analysis - EU&US Interest RateThis is my Weekly analysis on EURUSD for 27-31 Jan 2025 W5 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
Weekly Chart Analysis
Daily Chart Analysis
4H Chart Analysis
Economic Events for the Week
Market Sentiment
Weaker Dollar Sentiment: A softer tone on tariffs reduced market fears of escalating trade wars. This decreased safe-haven flows into the USD, as such rhetoric often bolsters the dollar's demand during heightened global uncertainties.
Improved Global Trade Outlook: Easing trade tensions generally supports global economic activity, benefitting risk-sensitive assets like the euro. The USD could weaken as investors seek higher-yielding opportunities outside the U.S.
Market Expectations for the Federal Reserve: If the U.S.-China trade relationship stabilizes, it could lower inflationary pressures caused by tariffs, potentially leading to a more dovish tone from the Federal Reserve. This would further weaken the dollar.
Lagging Economic Growth in Europe: While the euro could see short-term gains, its long-term strength depends on the eurozone’s ability to address its economic challenges. Structural issues in major economies like Germany and Italy could cap the euro’s upside.
Upcoming important news: EUR & USD Interest rate decision, FOMC Meeting and PCE.
Weekly Chart Analysis
1️⃣
🔹Swing Bearish
🔹Internal Bearish
🔹In Swing Discount
🔹Swing Continuation Phase (Pro Swing + Pro Internal)
2️⃣
🔹INT structure continuing bearish with iBOS following the Bearish Swing. (End of 2023 till end of 2024 was a pullback phase after the first bearish iBOS)
3️⃣
🔹After the bearish iBOS we expect a pullback, price tapped into liquidity below Nov 2022 which is above the weekly demand formed with the initiation of the bearish iBOS pullback phase.
🔹Price made a bullish CHoCH which indicates that the liquidity was enough as per previous week analysis to initiate a pullback phase for the bearish iBOS.
🔹Price currently looking to target the liquidity built up during September 2024 and maybe reaching the Weekly supply zone (In INT structure Premium).
🔹Expectations of price to continue bullish to sweep the liquidity/mitigate supply zone while putting in consideration that we can have a pullback after the bullish CHoCH to weekly newly demand formed.
Daily Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Continuation Phase (Pro Swing + Pro Internal)
2️⃣
🔹Following the Bearish Swing BOS, INT Structure continuing bearish approaching the weekly demand zone.
3️⃣
🔹After the failure to close below the Weak INT Low, price continued bullish sweeping the liquidity above Dec 30 and currently mitigating a Daily supply zone within the INT Structure Premium Zone.
🔹The current Daily supply zone could provide an intraday pullback to daily demand formed to continue bullish and target the INT High as this is the weekly liquidity currently to be targeted. Also, I put in consideration that the structure is bearish and we should be continuing down to target the Weak INT low. But I want to see more development on LTF to confirm this scenario.
🔹Expectations is set to continue bullish with cautious on the bearish scenario.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Swing Continuation after BOS
2️⃣
🔹INT structure continuing bullish after the bullish BOS. We expect that at anytime the Swing Pullback will start.
🔹Currently price at a Daily Supply Zone that can initiate at least INT Structure Pullback and may extend to Swing Pullback to at least Swing EQ (50%)/Daily and Weekly Demand.
3️⃣
🔹Expectation is price to initiate a pullback for the Bullish INT structure and then continue bullish from demand to target the Daily INT High/Weekly Liquidity.
🔹More development required on LTFs/Intraday Analysis.
Economic Events for the Week
Weekly FOREX Forecast Jan 27 - 31stThis is an outlook for the week of Jan 27-31th.
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD is retracing from the M+W TF Supply Zone. The sellers are in control... for now. The macro view is that the bullish up trend is not broken. Be mindful of this. For now, selling the USD is in order, and buying the EUR, GBP, NZD, AUD, CAD, CHF, are the best moves. Keep and eye on an indecisive JPY, and wait for a break of the consolidation.
Enjoy!
May profits be upon you.
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
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Call it cup and handleI’m unsure why they names LCX LCX I’m sure it on google somewhere, but they should have just named the coin cup and handle because it’s clearly multiple cup and handle patterns.
The last push was nearly 350% push. I believe we will see a major use coming soon.
In the 15min. We’ve seen 3 tests to the Tom the the downward trend line once that break LCX will fly $0.289 will be the breaking point more or less.
Good luck and have fun with it.
SAFEMOON - Not so safe for the medium termIt looks as though there could be a fractal for SAFEMOON. Historiclally, we've seen rises like this but only to be dissapointed and for the trend to be reversed again. I've drawn out a blue line of what the most likely trajectory will occur. The only other alternative is that the upward trend will continue, buying action will surge and we will see a bursting through of the upper trend line and escape the channel. If it comes back within the channel momentarily, that's fine - but not if the volume dies down and we stay within. So, it doesn't look great for an investment and I wont be putting anyting into it. Follow for more.
USD/MXN: Is the Uptrend Breaking?Chart Analysis:
USD/MXN has broken below a key ascending trendline (blue), suggesting potential weakening in the bullish momentum observed since mid-2024.
1️⃣ Key Support Breakdown:
The pair closed below the ascending trendline at 20.25, signaling potential bearish pressure.
The next key support lies near 20.00, a psychological level and a significant horizontal zone.
2️⃣ Moving Averages:
50-day SMA (blue): At 20.38, acting as dynamic resistance following the breakdown.
200-day SMA (red): Positioned lower at 19.05, confirming a longer-term bullish structure remains intact despite recent weakness.
3️⃣ Momentum Indicators:
RSI: At 43.19, showing bearish momentum but not yet oversold.
MACD: Hovering near the zero line with a slight bearish crossover, indicating waning upward momentum.
What to Watch:
A sustained move below 20.00 could confirm a deeper bearish correction toward the 200-day SMA.
A recovery back above the trendline and 20.38 could invalidate the bearish breakout and signal a continuation of the bullish trend.
USD/MXN's near-term direction hinges on its ability to either hold above 20.00 or reclaim the broken trendline for renewed bullish momentum.
-MW
Bullish bounce?WTI Oli (XTI/USD) is falling towards pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 75.10
1st Support: 73.14
1st Resistance: 77.10
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EURUSD 24 Jan 2025 W4- Intraday Analysis - EU & US PMIThis is my Intraday analysis on EURUSD for 24 Jan 2025 W4 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Nothing much changed in sentiment since Tramp inauguration, yesterday Trump ease the tone on tariffs which gave optimism in the market (Risk Off) and weakened the dollar across the board.
Dovish ECB Policy Expectations: Traders are anticipating a 25 basis point rate cut at each of the next four ECB policy meetings.
Economic Concerns: Subdued inflationary pressures and concerns over the Eurozone's economic outlook.
US Dollar Strength: Dollar appreciates following news that President Trump intends to review tariff policies.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Swing Continuation after BOS
2️⃣
🔹As expected, price created a bullish BOS as per the Daily/Weekly requirement for a pullback.
🔹Price didn’t mitigate any supply after the BOS so there is a high probability that we will continue up till we reach the 4H or Daily supply to initiate a BOS pullback phase (Can’t be ruled, we always have the expectation that a pullback will start at any time after any break of structure).
🔹Price mitigated the 4H demand within the 4H bullish INT structure and currently targeting the 4H Weak INT high.
3️⃣
🔹My expectations is set for price to continue bullish till we mitigate a 4H/Daily supply.
🔹Will be following the LTF to follow the expectation of bullish continuation while putting in consideration the probability of a bearish move for the bullish BOS pullback phase that can start anytime.
15m Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish / ii Structure Bullish
🔹Swing Continuation
2️⃣
🔹After the Bullish BOS, price still holding bullish respecting the Bullish INT Structure.
🔹INT Structure Strong low liquidity swept and price mitigated the 4H demand zone to continue bullish.
🔹** 15m Swing is currently the 4H swing and I started mapping the ii Structure until I can reset my 15m Swing with a bigger price range.
3️⃣
🔹Currently ii Structure is bullish and we are in continuation phase to target the Weak INT High.
🔹Expectations is that price to continue bullish and to mitigate the 4H/Daily Supply zone to maybe initiate a pullback phase.