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XAUUSD / STILL CONTINUES A DOWNTREND - 4HXAUUSD / 4H TIME FRAME HELLO TRADERS overall , prices under downward pressure , until trading below 2,507$ , yesterday prices rising to reach turning level , currently trading below it , have two scenario . The first scenario, where gold prices remain below2,507$, suggests a downtrend because this level is acting as resistance. If prices continue to struggle below this threshold, it increases the likelihood of further declines toward the support levels at 2,491$ and 2,472$. Breaking and stabilizing below the supply zone between 2,472$ and 2,459$ would confirm a bearish trend, as it indicates that sellers are overpowering buyers, driving prices down. In the second scenario, if the price closes a 4-hour candle above 2,507$, it signals bullish momentum. This would likely push prices to test the next resistance levels at2,519$ and 2,531$. Additionally, if the price stabilizes above 2,526$, it would suggest a breakout from the current range, potentially driving prices to new historical peaks around 2,551$. This is because breaking through key resistance often signals strong buyer interest, pushing prices higher. KEY LEVELS : Turning Level : 2,507$. Resistance Levels : 2,519$ , 2,526$ , 2,531$. Support Levels : 2,491$ , 2,472$ , 2,459$.
OANDA:XAUUSDShort
by ArinaKarayi
USOIL / UNDER UPWARD PRESSURE - 4HUSOIL / 4H TIME FRAME HELLO TRADERS USOIL is currently trading above the turning level of 67.09 and remains above the support trendline, indicating upward momentum. There are two potential scenarios: The First Scenario , USOIL's trading above 67.09 and staying above the support trendline signals strong buying interest, which suggests upward pressure. The target of 69.98 is a logical resistance level, followed by 71.59, which marks the next significant zone. Stabilization above 71.59 and 72.20 would confirm the strength of the uptrend, as breaking these levels would show that demand is outpacing supply, leading to further price gains. The Second Scenario , If USOIL fails to maintain the 67.09 level and closes below it on a 1-hour or 4-hour chart, it indicates bearish momentum. This would increase the likelihood of a decline toward 65.35 and 63.67, the next significant support levels. A break below 65.35 could trigger a stronger downtrend as it would suggest sellers are gaining control, particularly if the price falls below the descending channel, reinforcing the bearish sentiment. KEY LEVELS : Turning Level : 67.09. Resistance Levels : 69.98 , 71.59. Support Levels : 65.35 , 63.67.
TVC:USOILLong
by ArinaKarayi
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our chart idea playing out inline with our plans to buy dips. We were seeing price between two weighted levels and had 2506 Goldturn resistance target and 2495, as Goldturn support target. 2495 support target was hit and now we are seeing price bounce off the retracement range to head towards 2506 bullish target. We need to keep note that ema5 has locked and left a gap below at 2482 and just fell short of completing this gap. We will continue with our plans to buy dips and keep note of any unfilled gaps below, which helps us plan to buy dips accordingly. However, as always each of our weighted levels gave the 30 to 40 pip bounces, as analysed and played out perfectly! We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2506 EMA5 CROSS AND LOCK ABOVE 2506 WILL OPEN THE FOLLOWING BULLISH TARGET 2523 EMA5 CROSS AND LOCK ABOVE 2523 WILL OPEN THE FOLLOWING BULLISH TARGET 2535 POTENTIALLY 2547 BEARISH TARGETS 2495 - DONE EMA5 CROSS AND LOCK BELOW 2495 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2482 EMA5 CROSS AND LOCK BELOW 2482 WILL OPEN THE SWING RANGE SWING RANGE 2472 - 2461 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
17
Market News Report - 08 September 2024Our fundamental outlooks for the major currencies remain the same from the past week. However, those that we considered bearish, like the British pound and the US dollar have shown strength recently. Nonetheless, let's see what to expect from all the major forex markets performance-wise in our latest news report. Market Overview Below is a brief technical and fundamental analysis breakdown for all major currencies. US dollar (USD) Short-term outlook: bearish. STIR (short-term interest rate) markets expect at least four full rate cuts before the end of this year. They also suggest a 36% chance of a 50 bps (basis points) cut at the meeting next week on the 18th. Another bearish focus for the US is the slowing labour market, according to the latest jobs revisions data from the Bureau of Labor Statistics. Diarise the upcoming inflation rate and initial jobless claims for the dollar this week. The DXY chart aligns perfectly with the fundamentals. It recently reached a major support area (100.617) on the daily chart and is still near this level. Meanwhile, the key resistance is far away at 107.348 and will likely remain untouched for some time. Long-term outlook: bearish. Markets anticipate several full rate cuts before the year ends. Also, data on weakened jobs is another bearish driver for the dollar. Only geopolitical risks, bond market selling, and interest rate differentials can affect this sentiment. Euro (EUR) Short-term outlook: weak bearish. The primary bearish driver is the interest rate, with STIR markets anticipating a very high chance of a 25 bps rate cut at the meeting this Thursday. Furthermore, the Governing Council affirmed that rates need to remain "sufficiently restrictive for as long as necessary." However, the European Central Bank (ECB) has also stressed that it is data-dependent. This means that certain economic data, like employment data, may boost the euro. Meanwhile, the chart tells a slightly different story. After breaking the last major resistance (although dropping slightly now), the next target is 1.12757. Meanwhile, the key support area lies far below at 1.07774. Long-term outlook: weak bearish. The ECB hasn't committed to a specific future path with the interest rate. They are data-dependent, meaning data around inflation, growth, and wage improvement can lift the euro. However, their meeting in July was slightly more dovish than hawkish. British pound (GBP) Short-term outlook: bearish. The Bank of England (BoE) cut the interest rate by 25 basis points at the beginning of last month. However, the BoE remains data-dependent and has no set future path. STIR markets are currently pricing two additional cuts for the remainder of 2024. The central bank's current key theme is fighting persistent inflation in the United Kingdom. Any future failures here would likely weaken the GBP. Watch out for the new unemployment and inflation rates on Tuesday and Wednesday, respectively. As with the euro, the British pound has been saved by dollar weakness on the charts. It has just broken the major resistance at 1.31424. So, the next area of interest is near by at 1.32666. On the other hand, the nearest key support is far below at 1.26156. Long-term outlook: weak bearish. While the interest rate is the chief bearish driver for the pound, the BoE has yet to signal a future path in this regard. STIR markets predict a rate hold next month (74% chance vs. 62% chance last week). Furthermore, two-way risks remain based on upcoming economic data, particularly with inflation. Also, GBP/USD has been pushing higher of late due to USD weakness on Fed easing hopes. Japanese yen (JPY) Short-term outlook: bullish. The primary bullish catalyst is the Bank of Japan’s (BoJ) recent decision in July to hike the interest rate (15 bps hike vs the 10 bps expected). STIR markets expect a hold (99% probability, up from 95% last week) at the next meeting but a hike at the start of next year. So, the bullish bias is intact, more so with the rate-cutting mood of other major centrals like the Fed, ECB, and BoE. The USD/JPY market perfectly reflects the fundamental outlook of the dollar and yen. This pair looks to now target the major support area at 140.252. Meanwhile, the major resistance (at 161.950) is too far for traders to worry about. Long-term outlook: weak bullish. In addition to the recent rate hike, other bullish catalysts for the yen include lower US Treasury yields. Also, the Bank of Japan is actively intervening in the forex markets, contributing to the JPY's upside. Australian dollar (AUD) Short-term outlook: weak bullish. The Reserve Bank of Australia (RBA) unsurprisingly kept the interest rate unchanged not long ago to keep the fight against persistent inflation. Moreover, Governor Bullock expressed last week that the central bank must see 'results' on the latter before lowering rates. Like many currencies, the Aussie remains data-sensitive, whether we look at economic growth, labour, or inflation going forward. The recent rise in China's share prices, which correlates with the Aussie, has been positive for the currency. Still, there is doubt over the longevity of this run. The Aussie market has risen noticeably of late, having reached a recent resistance level (0.67986). While dipping last week, the next target at 0.68711 isn't so far away. Meanwhile, the major support level is down at 0.63484. Long-term outlook: weak bullish. The RBA remains hawkish as per the recent meeting, focusing on core inflation. Overall, it's crucial to be data-dependent with the Aussie, with recent labour data keeping the bullish script alive. However, the Australian dollar is pro-cyclical. So, it is exposed to slow economic growth in other countries. New Zealand dollar (NZD) Short-term outlook: weak bearish. New Zealand's central bank recently dropped the Kiwi's interest rate from 5.50% to 5.25%. Lower-revised cash rate projections also hint at the potential for further cuts in the near future. The Kiwi has recently breached a major resistance at 0.62220 - the next target is 0.63696. Conversely, the major support is at 0.58498, an area that it is unlikely to test soon. Long-term outlook: weak bearish. The central bank's dovish stance in its latest meeting (where it cut the interest rate) puts the Kiwi in a 'bearish bracket.' However, as a risk-sensitive currency like the Aussie, any growth data in China could trigger bullishness for the NZD. As with its counterpart, traders should be data-dependent. Canadian dollar (CAD) Short-term outlook: bearish. The Canadian dollar is fresh off an interest rate cut (from 4.50% to 4.25%), confirming the overwhelming probability suggested by STIR markets. Furthermore, the latter indicates a 91% chance of another cut next month and two full rate cuts before the end of 2024. Among other factors, Canada's ongoing mortgage stress has forced its central bank to be dovish. Despite the above, the CAD continues to strengthen mildly due to USD weakness (although the dollar gained the upper hand this past week). It now looks to test the next major support target at 1.33586, while the major resistance is far ahead at 1.39468. Long-term outlook: weak bearish. Expectations of a rate cut remain the focal point, with the BoC governor Macklem himself saying it's reasonable to expect more cuts in the future. In last week's meeting, they also wished for economic growth. The mortgage stress remains a major factor in this interest rate policy, and the BoC will have to cut rates to alleviate it. However, expect encouraging oil prices, along with general economic data improvement, to save the Canadian dollar's blushes. Swiss franc (CHF) Short-term outlook: bearish. STIR markets forecast a rate cut later this month and December this year. Also, despite the positive trend of falling inflation, the Swiss National Bank is pressured to weaken the Swiss franc to make exports easier. However, the CHF can strengthen during geopolitical tensions like the Middle East crisis. USD/CHF has trended down nicely for several weeks, now looking to test the support area at 0.83326. Meanwhile, the major resistance level is far higher at 0.92244. Long-term outlook: weak bearish. The expected rate cut in the next SNB meetings for 2024 is the main bearish driver. However, the SNB's chairperson, Thomas Jordan, expressed that "appreciation of the Swiss Franc has an impact on monetary policy." This means that potential intervention by the central bank can go either way. Conclusion The fundamental outlooks of each currency have remained mostly unchanged from the previous report. Thursday will arguably be the most anticipated day due to the ECB's interest rate decision. However, keep an eye on the high-impact news events for the dollar and the British pound. As always, hope for the best and prepare for the worst, but this report should help you determine your bias toward each currency in the short and long term.
TVC:DXY
by CityTradersImperium_CTI
USDJPY / BREAKOUT THE CHANNEL - 1DUSDJPY / 1D TIME FRAME HELLO TRADERS Currently, prices are experiencing downward pressure and are trading below the turning level of 146.893. This suggests a bearish trend, especially after a breakout from the ascending channel. As long as prices remain below 146.893, the expectation is for them to move towards the next support level at 140.991. Should prices stabilize below this support level, the bearish trend may continue, targeting a further decline to 139.341. On the other hand, if prices break above 146.893 and stabilize above this level, particularly above the Fair Value Gap (FVG), we could see a reversal in the trend. This bullish shift would suggest a potential rise in prices, with initial targets set at 152.034. If the upward momentum continues, prices could further increase to reach the target of 154.890. KEY LEVELS : Turning Level : 146.893 . Resistance Levels : 152.034 , 154.890. Support Levels : 140.991 , 139.341 .
Short
by ArinaKarayi
USOIL / TRADING BELOW SUPPLY ZONE - 4HUSOIL / 4H TIME FRAME HELLO TRADERS Prices are currently on a downward trajectory, trading below the identified supply zone at approximately 70.04 and 69.21. The market is now approaching the support level at 67.27. There is a possibility of a brief retest of the supply zone before the price continues its decline towards the next support levels, which are around 66.87 and 65.58. Conversely, if the price manages to break above the resistance level at 70.04, this would suggest a potential upward movement. In this case, the next target would be the resistance level at 71.54. For a confirmed upward trend, the price would need to break and maintain stability above 71.54. Achieving this could lead to further gains, with the next resistance target being around 74.03. KEY LEVELS : Supply Zone: 70.04 , 69.21 . Resistance Levels : 71.54 , 74.03 . Support Levels : 67.27 , 66.87, 65.58 .
TVC:USOILShort
by ArinaKarayi
XAUUSD / UNDER BEARISH PRESSURE - 4HXAUUSD / 4H TIME FRAME HELLO TRADERS overall , prices under bearish pressure until trading below turning level at 2,507$ The price level of $2,503 acts as a resistance, meaning that as long as prices stay below this point, the market sentiment remains bearish. A break below $2,490 confirms a downtrend because it indicates that sellers are in control, and the next lower support levels ($2,472 and $2,459) become targets for further declines. On the upside, breaking above $2,507 would suggest bullish momentum, as the price would surpass the initial resistance. If prices continue to rise and close above $2,519 on a 4-hour chart, it would confirm that buyers have taken control, signaling the potential for a move towards the next target of $2,531. KEY LEVELS : Turning Level : 2,507$ , 2,590$ . Resistance Levels : 2,516$ , 2,519$ , 2,531$ . Support Levels : 2,490$ , 2,472$ , 2,459$ .
OANDA:XAUUSDShort
by ArinaKarayi
1
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2506 Goldturn resistance and 2495, as Goldturn support. We currently have a gap above on market open at 2506 and below at 2495 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2506 EMA5 CROSS AND LOCK ABOVE 2506 WILL OPEN THE FOLLOWING BULLISH TARGET 2523 EMA5 CROSS AND LOCK ABOVE 2523 WILL OPEN THE FOLLOWING BULLISH TARGET 2535 POTENTIALLY 2547 BEARISH TARGETS 2495 EMA5 CROSS AND LOCK BELOW 2495 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2482 EMA5 CROSS AND LOCK BELOW 2482 WILL OPEN THE SWING RANGE SWING RANGE 2472 - 2461 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
20
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2517 Goldturn resistance and we have 2493, as Goldturn support. We currently have a gap open above at 2517 and below at 2493 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2517 EMA5 CROSS AND LOCK ABOVE 2517 WILL OPEN THE FOLLOWING BULLISH TARGET 2536 POTENTIALLY 2550 BEARISH TARGETS 2493 EMA5 CROSS AND LOCK BELOW 2493 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2468 2438 EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE SWING RANGE SWING RANGE 2416 - 2389 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
DAILY CHART UPDATEHey Everyone, Please see update on our daily chart structure that we have been tracking and trading successfully for a while now. Same as last week, we still have the candle body close above 2521 for the gap to 2566. We would need Ema5 lock to further confirm and strengthen this gap. Currently ema5 is playing just under it and we will continue to observe and update this. We have to also keep in mind that we have a support range below at 2464 - 2405 for longer range support areas to buy strategic dips if the corrections take place before completing gaps above. We will use smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone, Please see update on our weekly chart idea and analysis that we have been tracking and trading for several months. Last week we had the same again with a candle body close above 2505 again leaving a gap to 2557. We also stated that we need to keep in mind that we have a ema5 detachment below highlighted on the chart with a circle for a possible correction area. - This played out perfectly by providing the correctional touch below on the highlighted area with a circle and then the bounce, which is also inline with the channel top support for the bounce just like we said. All channels that break usually require the channel top to become support outside the channel for further continuations before new channels form. Failure to provide support outside of the channel, means price breaks back into the channel, in which case the channel re-activates for trading and tracking level to level once again Therefore, if we see a rejection before the gap and a break back into the channel then we will use the levels within the channel to provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames keeping in mind the long range gap for the future.. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
XRPUSDT / REMAIN BELOW ASCENDING CHANNEL - 4HXRPUSDT - 4H HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 0.58 . The prices are currently trading below the ascending channel and are likely to attempt a retest to reach the turning point at 0.58 before beginning a decline toward the support level at 0.54, with a further drop expected down to 0.52. However, if the 0.58 level is broken and a 4-hour candle closes above it, the price may rise toward the first resistance level at 0.62, and potentially further to 0.65 KEY LEVELS : Turning Level : 0.58 . Resistance Levels : 0.62 , 0.65 . Support Levels : 0.54 , 0.52 .
Short
by ArinaKarayi
2
XAUUSD / TRADING SENSITIVE AREA - 4HXAUUSD / 4H TIME FRAME HELLO TRADERS The overall trend is downward , until trading around 2,526$ and 2,531$ The expectation of prices rising to $2,526 and $2,531 before dropping can be explained by resistance levels at these points, which often cause a pullback in prices. If gold remains below $2,531, the downtrend is likely to continue, supported by technical indicators showing declining momentum. The forecast of a drop to $2,507 is based on previous support levels where the price tends to stabilize. However, if gold closes above $2,531 on a 4-hour chart, it suggests a breakout, signaling a shift in sentiment and potentially leading to higher prices, supported by market momentum. The projection of reaching $2,540 and $2,551 aligns with historical price peaks and psychological levels that traders often target in a rally. KEY LEVELS : TURNING LEVEL : 2,507 . RESISTANCE LEVELS : 2,526$ , 2,531$ . SUPPORT LEVELS : 2,507$ , 2,475$ .
OANDA:XAUUSDShort
by ArinaKarayi
NAS100USD / TRADING BELOW TURNING LEVEL - 4HNAS100USD / 4H TIME FRAME HELLO TRADERS The overall trend is downward , until trading below turning level at 19,105 . The price action points to a likely continued decline due to its inability to surpass the key turning point of 19.105, signaling persistent downward momentum. Staying under this level implies strong bearish pressure, with support levels at 18,699 and 18,351 as possible targets. On the other hand, breaking above 19.105 would suggest a change in market sentiment towards a more bullish trend, potentially leading to a rise towards the resistance levels of 19,538 and 19,906, driven by increased buying interest and upward momentum KEY LEVELS : TURNING LEVEL : 19,105 . RESISTANCE LEVELS : 18,699 , 18,351 . SUPPORT LEVELS : 19,538 , 19,906 .
OANDA:NAS100USDShort
by ArinaKarayi
Gold glimmers with potential as bullish sentiment prevailsToday's outlook for gold (XAU/USD) in the forex market remains bullish, driven by a combination of factors. The price is currently trading near significant resistance levels around $2,531, supported by expectations of U.S. Federal Reserve rate cuts, which would lower bond yields and make gold more attractive. Traders are particularly focused on upcoming U.S. employment data, which could further influence gold prices. A weaker-than-expected jobs report would likely push prices higher, potentially toward $2,600 in the short term. However, if the data shows strong job growth, gold may face downward pressure, with potential corrections towards $2,483-2,477
OANDA:XAUUSDLong
by BELLATRIXFX
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Another PIPTASTIC day on the charts today with our analysis playing out in true level to level fashion. Yesterday we stated that we were now looking for a 2498 weighted resistance re-test and a cross and lock above this level will re-open the range above. - This played out perfectly, as we got the 2498 target hit followed with the cross and lock confirmation for 2509, which was also hit perfectly!! We now also have 2509 cross and lock opening 2524, which gave a nice capture and fell just just short of a few pips and will now be keeping this mind. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2509 - DONE EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET 2524 2535 BEARISH TARGETS 2498 - DONE EMA5 CROSS AND LOCK BELOW 2498 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2484 - DONE EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE SWING RANGE 2472 (DONE) - 2461 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
24
BNBUSD / TRADING BETWEEN TURNING LEVEL SUPPORT LEVEL - 4HBNBUSD / 4H TIME FRAME The overall trend is downward , until trading below turning level at 526.4 . the current technical indicators suggest that BNBUSD is facing downward pressure as long as the price remains below 526.4. This level acts as a resistance, preventing any significant upward movement. The continued decline towards 502.1 is supported by bearish momentum, which is likely to persist if the price stays under 526.4. If a 4-hour candle closes below 502.1, it would confirm the strength of the downtrend, potentially driving the price down further to 472.0. This level could serve as a key support, but if broken, it may lead to a deeper decline. Conversely, if the price breaks above 526.4 and stabilizes, it would indicate a shift in momentum, favoring a potential upward movement. The next targets would be 544.9 and 556.6, where 556.6 acts as a significant resistance. To confirm a true uptrend, breaking and holding above 556.6 would be crucial, as it would signal strong bullish sentiment and a possible continuation of the upward trajectory. KEY LEVELS : TURNING LEVEL : 526.4 . RESISTANCE LEVELS : 544.9 , 556.6 . SUPPORT LEVELS : 502.1 , 472.0 .
BINANCE:BNBUSDShort
by ArinaKarayi
NAS100USD / UNDER BEARISH MOMENTUM - 4HNAS100USD / 4H TIME FRAME The overall trend is downward , until trading below turning level at 19,105 . The expectation of a decline when prices remain below 19,105 is based on technical analysis principles, where key support and resistance levels play a crucial role in predicting price movements. When prices fail to break above a resistance level like 19,105, it often indicates a lack of bullish momentum, leading to a potential drop towards the next support level, which is identified as 18,699. If the price falls below 18,699, this would likely trigger further selling pressure, pushing the price down to 18,351. This is because breaking a key support level often leads to an acceleration of the downward trend as traders and investors react to the breach. On the other hand, if the price manages to close above 19,105, especially on a 4-hour or 1-hour chart, it suggests a possible shift in market sentiment. This close above resistance would signal that the bulls are regaining control, and the price could then move upward towards the next resistance levels at 19,538 and 19,906. This scenario reflects the importance of monitoring key levels and timeframes to anticipate potential trend reversals. KEY LEVELS : TURNING LEVEL : 19,105 . RESISTANCE LEVELS : 19,538 , 19,906 . SUPPORT LEVELS : 18,699 , 18,351 .
OANDA:NAS100USDShort
by ArinaKarayi
1
GOLD / REMAIN BELOW TURNING LEVEL AT 2,507$ - 4H XAUUSD / 4H TIME FRAME The overall trend is downward , until trading below turning level at 2,507$ . As mentioned yesterday, if prices remain below the pivot point at 2,507$, a decline towards 2,474$ is anticipated, which could yield a profit. Currently, prices are again trading below 2,507$, with an expected range between 2,491$ and 2,507$. A break on either side will determine the direction. As long as prices stay below 2,507$, they are likely to revisit 2,474$ and 2,472$ . If these levels are broken and prices remain below, further declines toward 2,459$ are expected. However, if the price breaks above 2,507$ and a 4-hour candle closes above this level, it suggests a potential rise toward 2,519$ . KEY LEVELS : TURNING LEVEL : 2,507$ . RESISTANCE LEVELS : 2,519$ , 2,531$ . SUPPORT LEVELS : 2,472$ , 2,459$ .
OANDA:XAUUSDShort
by ArinaKarayi
USOIL / STILL CONTINUES A DOWNTREND - 4HUSOIL / 4H TIME FRAME The overall trend is downward , until trading below turning level at 71.85 . The significant decline in USOIL prices yesterday suggests a bearish momentum, which aligns with the observed price action falling below the critical level of 71.85. This indicates a continuation of the downward trend, making the next support level at 69.81 a logical target. If prices break this support, it would likely trigger further selling pressure, leading to declines toward 68.46 and 66.85, which are key levels of interest based on previous market behavior. On the other hand, for a reversal to the upside, the price needs to break back above 71.85, which currently serves as a turning point. Breaching this level would signal a potential shift in market sentiment, opening the way to test the resistance at 74.24. If the price stabilizes above this resistance, it would reinforce the bullish case, paving the way for further gains toward 76.21 and eventually 77.51. KEY LEVELS : TURNING LEVEL : 71.85 . RESISTANCE LEVELS : 74.24 , 76.21 , 77.51 . SUPPORT LEVELS : 69.81 , 68.46 , 66.85 .
TVC:USOILShort
by ArinaKarayi
BTCUSDT / TRADING BELOW TURNING LEVEL - 4HBTCUSDT HELLO TRADERS The overall trend remains downward as long as trading stays below the turning level of 60.838 . Currently, prices are below this level, suggesting a potential decline towards the first support level at 57.147 . If a 4-hour candle closes below this support, further declines are expected, targeting the second support level at 54.727 . For prices to increase, the turning level must be broken and stabilized above, which could lead to a rise towards the first resistance level at 63.586 , and potentially further to 65.727 . KEY LEVELS : Turning Level : 60.838 . Resistance Levels : 63.586 , 65.760 Support Levels : 57.147 , 54.727
Short
by ArinaKarayi
1
USOIL / TRADING BELOW FVG AREA - 4HUSOIL / 4H TIME FRAME The overall trend is downward , until trading below FVG . As long as prices stay below the turning level of 74.78, a decline is expected, potentially reaching the support level (1) at 73.03, and then 71.51. However, if prices break above the turning level and close a 4-hour candle above it, the trend may shift upward, with potential to reach the resistance level at 76.18. Breaking this resistance could lead to further gains, targeting 77.52. KEY LEVELS : TURNING LEVEL : 74.78 RESISTANCE LEVELS : 76.18 , 77.52 SUPPORT LEVELS :73.03 , 71.51
TVC:USOILShort
by ArinaKarayi
NAS100USD / TRADING BELOW TURNING LEVEL - 4H NAS100USD / 4H TIME FRAME Tendency , prices is under downward pressure , until trading below turning level at 19,550 Downward Condition : The price is currently under downward pressure, and this trend is expected to persist as long as it remains below the turning level at 19,550 . This indicates a potential decline toward the support level (1) at 19,164 . Should a 4-hour candle close below this support, it would signal increased bearish momentum, likely resulting in a further drop toward the next support level (2) at 18,751. This scenario underscores the importance of monitoring these levels closely, as staying below the turning level could lead to continued weakness in the market. Upward Condition : For an upward trend to establish itself and target the resistance level (1) at 19,908 , prices must first break through the turning level at 19,550 . This breakout is a crucial indicator of potential upward momentum. To further validate this movement, prices should stabilize above the resistance level (1) , which would set the stage for reaching the resistance level (2) at 20,218. However, if prices encounter the first resistance level but fail to break through and stabilize, it suggests that the upward momentum may be insufficient, leading to a potential retest of the turning level. This retest could indicate a pause or reversal in the upward trend, requiring further observation before a clear direction is determined. NAS100USD / buy above 19,550 SL: 19,480 TP: 19,908 TP: 20,218 NAS100USD / sell below 19,550 SL: 19,600 TP: 19,164 TP: 18,751
OANDA:NAS100USD
by ArinaKarayi
2