Pivot Points
UK100 Bullish with Caution at Key Support LevelsHello,
CAPITALCOM:UK100 is currently heavily overbought, aligning with overall market trends, suggesting a bullish continuation. However, as a cautionary note, if the strong support levels at 8145.4265 and 8130.8235 do not hold, we could see a move towards the 1-year pivot point.
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AUS200: Bullish Trend Set to ResumeHello,
PEPPERSTONE:AUS200 is still testing the 1M pivot point. If it crosses and holds below, the entire 1M support structure will likely be tested. However, it appears that the bearish phase may be over, and the bullish trend is set to continue.
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FRA40 Support at 7377.45: Potential Retest AheadHello,
PEPPERSTONE:FRA40 has shown support at 7377.45, with a notable bounce from this level. However, there’s potential for a retest, and if this support level doesn’t hold, we could see a move toward retesting the 1-year pivot point. Monitoring the 1-month and 1-week support levels is crucial, as price reactions here will help indicate whether the trend may shift upward or downward.
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US30: Bullish Rebound in Sight?Hello,
BLACKBULL:US30 recently experienced a minor bearish phase, but it now appears poised for a potential bullish comeback, aligning well with its past reactions in this zone. However, if the price dips below the 1M pivot point, further downside is likely.
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Market is Holding above the Support , All Eyes on BuyingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY 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
UsOIL Long Buy due to lower Support Hello Traders
In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET
today XTIUSD analysis 👆
🟢This Chart includes_ (XTIUSD market update)
🟢What is The Next Opportunity on XTIUSD 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
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD 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
$PEPEUSDT Set to Soar After Strong Retest!BINANCE:1000PEPEUSDT.P is demonstrating solid strength following a trend breakout and subsequent retracement. With positive momentum building, it looks poised for a significant move, likely following in the footsteps of DOGE. Traders should keep an eye on key levels as BINANCE:PEPEUSDT prepares for potential big upswings, similar to what we've seen with $DOGEUSDT.
As always, remember to use a stop loss and invest only a small portion of your capital to manage risk effectively.
$1000PEPEUSDT Currently trading at $0.0096
Buy level: Above $0.0093
Stop loss: Below $0.0077
TP1: $0.01
TP2: $0.012
TP3: $0.013
TP4: $0.017
Max Leverage 3x
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How to Find Key Levels on Gold XAUUSD Chart Easily
In this short article, you will learn how to find powerful levels on a gold chart.
I will explain to you what is a key level, how to apply it in trading. We will discuss key levels and different time frames, valid and invalid key levels. I will share with you a lot of useful trading tips.
First, let's start with a definition of a key level.
Key level is a single important historic price level on the chart,
from where a significant price movement initiated.
Usually, key levels are based on the edges of candlestick wicks.
Look at Gold chart on a 4H time frame.
I underlined a key level. You can see how strong was a bullish reaction to that. The price tested that level, bounced up and formed a long wick.
Key levels that are above current prices will be called resistances .
We will assume that sellers are placing their selling orders there.
Above is the example of a key resistance on Gold on an hourly time frame.
The price tested 2479 level, dropped rapidly and formed a long wick.
From a key resistance level, a bearish movement is expected.
Key levels that are below current prices will be called supports.
We will assume that buyers are placing their buying orders there.
That is the example of a key support level on Gold chart on a daily.
From a key support level a bullish movement is expected.
Key levels that are lying close to each other will compose support and resistance clusters.
Look at 2 key support levels on Gold on a 4H time frame.
These 2 levels are lying very close to each other and compose a support cluster.
3 key resistance above will compose a resistance cluster on Gold on a daily time frame, because these levels lye close to each other.
With time, the market tends to break key levels.
If the price violated a key support level and closes below that, it turns into a resistance level.
Look at a breakout of key support on an hourly time frame on Gold chart.
After a candle close below that, the broken key level turned into resistance.
If the price violates a key resistance level and closes above that, it turns into a support level.
Above is a recently broken horizontal resistance on Gold on a 4H time frame. After a breakout, that key level turned into support.
Key levels tend to lose their significance with time.
Key level that is broken by the buyers and the sellers or vice versa loses the status of a key level.
The underlined level was a significant resistance in the past.
However, the market stopped respecting this level and it lost its importance.
Remember that you can find key levels on any time frame.
But key levels are not equal in their significance.
Key levels that are spotted on higher time frame will be stronger than key levels that are spotted on lower time frames.
On the chart on the left, I underlined key support and resistance levels on a daily time frame on Gold.
While on the right, I market key support and resistance levels on a 4H time frame.
Daily structures will be considered to be more significant structures.
Hence, the market reaction to such structures tend to be stronger.
In comparison to support and resistance areas,
key levels provide the safest points to look for a trading opportunity from.
Once you spotted a confirmation after a test of a key level,
simply set your stop loss below a support or above a resistance.
You will have a very good reward to risk ratio.
Key levels play a crucial role in technical analysis of Gold.
No matter whether you are day trader, scalper, swing trader or investor, key levels is the first thing that you should always start your analysis from.
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XAUUSD - Areas with high potentialGold and silver still have room to grow, according to Max Layton, head of research at Commodity City. Leighton says the best bull markets for gold and silver usually occur when the US and European markets are weakening and China looks poised to grow.
Investors have flocked to gold this year as geopolitical factors, a changing economic landscape and persistent inflation concerns have fueled fears of volatility in other assets.
When there is too much euphoria, we must be careful of price correction!
GBPUSD Ready for a breakthroughHello 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
Short Position on EURCAD: Strong Potential for TP SuccessKey Fundamentals Supporting a Bearish Bias:
- Eurozone Struggles: Recent economic reports indicate that the Eurozone is facing challenges, including sluggish growth and rising inflation. This could weaken the Euro as investors lose confidence.
- Interest Rate Outlook: The European Central Bank is taking a cautious stance on interest rates, while the Bank of Canada is likely to raise rates. This contrast could strengthen the Canadian Dollar against the Euro.
- Geopolitical Pressures: Ongoing issues in Europe, such as energy crises and trade disruptions, are creating uncertainty. This instability can further drag down the Euro's value relative to the CAD.
I'm focusing on short positions for EURCAD by using probabilities derived from historical data. By analyzing past trends and applying straightforward mathematical rules, I can spot high-probability trading opportunities.
This strategy helps me stay disciplined and make informed decisions, reducing emotional trading and increasing my chances of success.
Let's dive into the multiple timeframe top-down analysis together:
12M:
1D:
Hourly Entry:
EURUSD Multi Timeframe Analysis 30.10.202415m Swing Bearish , Internal Bullish
but strong retrace back to the swing high after creating 15m swing low
Price might sweep equal highs then we might see bearish momentum. There still is plenty room to mitigate in 4H swing structure
15m quick buys look more probable for now
Be cautious with EURUSDYesterday, EURUSD tested the previous low and bounced back.
It remains in a sideways movement ahead of significant events in the coming days.
While it stays at these levels, there’s no basis for entry.
Later today, the U.S. GDP news is scheduled.
Meanwhile, EURJPY and GBPJPY, which we trade in the premium channel, have reached their final targets.
SPX500 Analysis: Strong Buy with Key Resistance LevelsHello,
VANTAGE:SP500 remains a strong buy. Key resistance levels to watch are 5872.6595, 5873.239, and 5981.609. While a downside correction is expected, it hasn’t materialized yet. For a confirmed continuation of the bullish trend, the price must break above 5891.62.
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NAS100 Approaching Key Resistance at 20,792.80Hello,
PEPPERSTONE:NAS100 remains reliable as ever, with the price now nearing the previous high of 20,792.80. If it breaks through and holds, further upside is likely. Sellers are still heavily active, anticipating a potential downturn. However, indicators still suggest a continuation. If 20,792.80 acts as resistance again, downside movement could follow.
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