EliteMarketAnalysis

EliteMarketAnalysis

US-100 Analysis Recap Weekly Chart Overview • Trend: The US-100 remains in an ascending channel on the weekly chart, respecting key trendlines. There are arguments for the presence of two overlapping channels, both of which have been marked for analysis. • Current Outlook: The previous consolidation appeared to suggest a potential move down toward the lower...

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US-500 Analysis Weekly Chart Overview • Trend: The US-500 is firmly in an uptrend, trading within a larger ascending channel since July. Price action continues to respect this channel, with the most recent weekly candle forming a bullish engulfing pattern off a key Fibonacci retracement level. • Volume Profile: Price remains in a medium-volume zone, with the...

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GBPJPY: Key Levels and Market Structure Analysis We are at a critical juncture in GBPJPY, with multiple technical signals and patterns aligning across timeframes. Here’s a detailed breakdown of the current market environment: Weekly Timeframe • Channel Break: GBPJPY has dipped below the ascending channel that has been valid since January 2023. While the...

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🚀 US100 Analysis: Testing Key Levels 📊 The US100 remains in a strong long-term uptrend on the daily, but recent weakness has emerged as we approach a key order block and important support zone. On the 4-hour timeframe, the intermediate trend is bearish, so patience is key for disciplined traders. 👀 Levels to Watch 🔹 Upside Trendline Touch: 21450 : This could...

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EUR/USD Top-Down Analysis: A Key Moment for Precision Traders Weekly Timeframe • Trend Structure: EUR/USD remains in a clear bearish trend, having broken its consolidation range on November 4th, 2024. Since then, the pair has been in a steady downtrend, forming a tight falling wedge. • Momentum: • RSI: Currently at 32, moving out of oversold territory. This...

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The GBP/JPY has rebounded strongly from the daily order block and respected daily market structure. However, we must wait for a clear shift in market structure on the 2-hour or 1-hour timeframe to confirm a transition out of the current bearish structure. On the 4-hour timeframe, the trend remains bearish, with lower lows (LL) still present. The development of a...

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USDJPY: Rising Wedge Consolidation with Bearish Momentum Building Market Overview: USDJPY has been moving within a large Rising Wedge pattern on the Daily timeframe, currently consolidating near the top. We are observing Daily RSI divergence, signaling potential exhaustion at these elevated levels. The 4H intermediate structure has broken below the 50 SMA,...

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GOLD: Trading at Key Support Levels with a Bullish Bias Market Overview: GOLD is currently consolidating at the lower end of a channel, approaching a critical support zone. This region presents a strong opportunity for accumulation as we prepare for a potential upward move to 3200 in the coming months. Key Observations: 1. Bullish Market Structure: • The...

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GOLD: Accumulating at Key Support for the Next Bullish Move Market Overview: GOLD is currently trading near the lower end of the ascending channel, presenting an opportunity for accumulation at these lower levels in preparation for a potential upward move to 3200 in the coming months. The market structure remains clearly bullish, with price approaching a bullish...

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GBPJPY Approaches Key Daily Order Block with Confluence at Larger Market Structure Trendline GBPJPY has reached a significant Daily order block, which aligns with the larger market structure trendline, presenting a high-confluence area for potential market reactions. Market Structure Analysis • Daily Timeframe: The pair is currently in an intermediate bullish...

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We are currently at a point of Bearish Change of character Forming for Gold and at the top of the ascending Channel for this Move. Gold has made a move outside of the Larger symmetric Triangle ( See current Gold idea on profile ) but This was not accompanied by strong volume nor has it been decisive. Gold will Move down towards its 100SMA confluencing with the...

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GBPJPY Trade Idea: Assessing Bearish Continuation or Reversal Current Analysis: 1. Trend and Moving Averages: • GBPJPY closed below the 200 SMA on the daily timeframe, indicating bearish momentum. • The pair has also broken below the Ichimoku Base Line on the daily chart, confirming weakness. 2. Key Fibonacci Level: • Price recently wicked to the 0.618...

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US500 Analysis: Waiting for Confirmation at Key Support The US500 is currently oversold and finding support at the 100 SMA, with price holding within a key bullish order block that previously set up the all-time high (ATH). This order block represents a level of significant institutional interest, as it required substantial volume to create the ATH. It has held...

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US100 Analysis: Navigating Key Levels Amid a Downtrend The US100 is currently in a downtrend on both the intermediate and lower timeframes. However, we are approaching a key bullish order block, which was responsible for creating the all-time high (ATH). Price has not yet violated this level, with a recent candle close holding above it. Technical Outlook • 4H...

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EURUSD is in a strong Downtrend both on the longer TimeFrame and on the Intermediate Time frame. We are have had a Break of structure on the Daily Time Frame and we now want to wait for a LH to form on the 4H to enter into our Short positions. On the Lower and intermediate Time frame we are showing signs of OverSold behaviour and our primed for a Upward Move...

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We can see that GOLD has approached the Symmetric Triangles upper line and is facing slight rejection off it. The Wick of the 1H on the NFP data pierced through the 50SMA and with The 4H RSI diverging this is a good area to take a short. We will approach 2640 after which we will see what the market does.

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Gold is preparing for a large move upward. We have a symmetric triangle forming on Gold which is a Continuation pattern for an asset. No explanation needed for the Long term bullish outlook for Gold with all indicators suggesting strong upward moves. Once we get a breakout of the upper trend line this will continue to move up strongly. This is a great area to...

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For the US100 the market has broken the Daily Market structure line that had been established and has broken through the 50SMA and been consolidating here, forming a symmetric Triangle pattern. We are testing the 100SMA on the daily which is providing support, The Fib Retracement level for US500 for the weekly Move is at around 5300-5600, which is where we will...