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Pivot Points

EURGBP: Caution Ahead, Watch Key LevelsHello, EURGBP has experienced some unexpected downside, but we've still seen profitable upside, especially on the conservative side—profit is profit! The 1W support has held up well so far, driving the price upward. To move towards the 1M PP, a solid cross and lock above the 1W PP is essential. However, caution is key at this stage, as a cross and lock below the 1D PP could lead to further downside. There will be no market updates next week due to vacation plans. Wishing everyone happy trading—let's make some profits! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
Brent (UKOIL) Sees Downward Movement: Caution AdvisedHello, BLACKBULL:BRENT (UKOIL) has experienced another downward movement. If the trendline remains intact, this could mark the low before a potential rebound. However, extreme caution is advised at this stage, as all indicators suggest a continuation of the bearish trend, which is trend-confirmed. A confirmation from the 1D PP would be required before considering holding a long position. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
BLACKBULL:BRENT
by TradeWithTheTrend3344
UK100 Approaching Key Support Zone for Potential ReversalHello, CAPITALCOM:UK100 has encountered resistance at the 1M pivot point, leading to further downside movement. Currently, the price is approaching a strong support level at 7942.9445, which has historically held and may present a challenge. The zone between 7954.7045 and 7942.9445 is a potential reversal area, where the price could turn back upward. However, if it establishes itself below this range, further downside could ensue. Confidence is high that this could mark the definitive low before an upward trend resumes, though the opposite scenario cannot be ruled out. Time and confirmation will provide clarity. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
CAPITALCOM:UK100
by TradeWithTheTrend3344
AUS200 Downside Potential: Key Support Levels in FocusHello, PEPPERSTONE:AUS200 index may see further downside, potentially testing its previous low of 8053.85. If it drops below and holds under this level, it could decline further toward the three-month low at 7884.52. In the long term, the index fund remains a solid buy, as it is currently testing support levels as expected. Currently priced at 8149.905, this level previously served as strong support, and if it now acts as resistance, it would confirm additional downside potential. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
PEPPERSTONE:AUS200
by TradeWithTheTrend3344
Will BTCUSD’s Breakout Lead to a $90K Target?CRYPTO:BTCUSD Multi-Timeframe Analysis Current Price: 71,149.92 Bullish Indicators • Cup and Handle Pattern • Descending Broadening Wedge Key Levels • Strong Pivot Level: 62,500 • Ultimate Resistance: 75,000.00 • Primary Price Target: 90,000.00 Cup and Handle Pattern (Weekly Chart) On the weekly chart, BTCUSD has formed a Cup and Handle pattern—a classic bullish continuation pattern suggesting renewed buying interest after a period of consolidation. The rounded bottom of the cup indicates strong accumulation, while the handle represents a temporary consolidation before the next upward move. Based on the measured depth of the cup, we find a potential long-term price projection around 120,000.00, aligning with broader bullish expectations in the current trend. Descending Broadening Wedge (Daily Chart) Zooming in on the daily chart, the handle section has formed a Descending Broadening Wedge. This pattern is another bullish indicator, often signaling potential for a breakout to the upside as it nears completion. Importantly, the price has recently broken the upper trendline of the wedge, reinforcing the likelihood of an upward movement. Based on our measurement of this wedge, we set a mid-term price target of 90,000.00, supporting the broader bullish outlook indicated by the Cup and Handle. Monitor Key Support and Resistance Levels: The strong pivot at 62,500 serves as a critical support level. Sustained movement above this level reinforces the bullish case. Resistance Checkpoints: Price momentum toward the ultimate resistance at 75,000.00 will be crucial to confirm the continuation of the bullish trend toward the primary target of 90,000.00. Happy Trading! For timely updates and additional insights, follow us to stay informed on BTCUSD’s next moves.
CRYPTO:BTCUSDLong
by SpicyPips
2
EURUSD Will be in bearish direction after Breaking ChannelHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
2
GBPNZD is in Selling Direction after testing TrendlineHello Traders In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes GBPNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
GBPUSD is in the Selling Direction after breaking suPportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBPCAD is in the bearish directionHello Traders In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET today GBPCAD analysis 👆 🟢This Chart includes_ (GBPCAD market update) 🟢What is The Next Opportunity on GBPCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
Bullish on XAGUSD: X1X2 Strategy for Silver GainsAs a trader focused on XAGUSD, I'm excited about my bullish bias and the potential for significant gains in the silver market. My strategy employs the X1X2 methodology, which is grounded in probabilities, allowing me to identify optimal entry points for long positions. With silver currently showing strong momentum, especially as it approaches key resistance levels, I anticipate a breakout that could drive prices higher. The Elliott Wave analysis supports this outlook, indicating that we are in a bullish phase with potential for further upside as long as we maintain support above recent lows. By leveraging my swing trading system and the X1X2 probabilities, I am positioned to capitalize on this bullish trend effectively. Join me as we navigate this exciting opportunity in the silver market! 3D: 4H: P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
OANDA:XAGUSDLong
by Jasminex1x2
4