US30 (Toward Support Zone...)US30 Technical Analysis
The price dropped from the pivot line at 39,050, as we noted at the beginning of the week. It is currently heading towards 38,500 and 38,400. If the price stabilizes below this support zone, the bearish trend is expected to continue towards 38,020 and 37,820 for the week. Today, the price is anticipated to consolidate between 38,500 and 38,790 until a breakout occurs.
A bullish scenario will be activated if the price breaks above 38,790, targeting 39,050.
Pivot Line: 38,675
Resistance Levels: 38,790, 39,050, 39,350
Support Levels: 38,410, 38,020, 37,820
Today's expected movement range is between the support level at 38,400 and the resistance level at 38,790.
Previous idea:
Trend
Gold ( XAUUSD ) analysis www.tradingview.com
On the 4-hour chart, XAUUSD has developed a head and shoulders pattern, indicative of a classic reversal trend. The price is currently hovering around a pivotal support level, with the moving averages suggesting a potential for further downward movement.
A selling opportunity for XAUUSD may arise if the price breaks below the support at 2330, potentially leading to a further drop towards 2285.
GOLD FORECASTThe current analysis indicates a Bullish trend for OANDA:XAUUSD , provided it stays above the PIVOT LINE at 2329, and it's possible to touch 2355 as well then it'll start the bullish trend. The prevailing Bullish pressure suggests that if trading remains above 2329, the trend will continue a strong upward till 2376. otherwise stabilizing below 2329 will try to reach 2306.
Key Levels:
Bullish Line: 2355, 2376, 2397, 2412
Pivot Line: 2329
Bearish Line: 2306, 2281, 2306
DJ30 FORECASTThe forecast for the OANDA:US30USD indicates a potential bearish trend. However, there may be a retest of resistance levels between 38445 and 38600 before the downtrend begins. The bearish movement is expected to target support levels at 37721 and 37499.
Key Levels:
Bullish Line: 38445, 38825, 39075, 39400
Pivot Line: 38000
Bearish Line: 37721, 37499, 37130, 36665
XAUUSD recent updatexauusd is moving so deep down after various FED talks
Gold slumps amid strong US Dollar, high US Treasury yields
Gold prices slump on Wednesday amid rising US Treasury yields, boosting demand for the Greenback due to hawkish comments by a Federal Reserve (Fed) official.
our recent analysis founds 2330-2328 is a strong support area and 2344 act as major pivot due to simple moving average passing through the point and mayor retracement from that area many times yesterday.
above 2344 its a buy
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SPY Fibonacci Price Theory And BreakOut BarsThis instructional video teaches you the basics of Fibonacci Price Theory in conjunction with Breakout Bars and how price is the ultimate indicator.
Throughout this video, I try to provide instruction on key elements related to the Fibonacci Price Theory (Unique & Standout Highs/Lows). Additionally, I've also included Breakout Bars and Fibonacci Price Retracement concepts.
What I really hope you learn from this video is to see price as the true ultimate indicator for your trading decisions. Using technical analysis techniques is fine, but use price as the key element when trying to confirm or reject your trading ideas.
I hope this helps you understand that price, action, and reaction through trends, peaks, and troughs are the most important components of the chart. Everything else is peripheral.
FOXY NEW INCREASE TREND ATHThe main market is stable, and there are low effect on long.
This update is for FOXYUSDT
Depending on the study trend this coin shows possibilities for new increase.
FOXY seems to be at an important key level, where it has a high chance of breaking in the coming time.
We will follow this coin with the possibility of the trend increasing and breaking.
This can be interesting for day trading and long term, it depends on the coming time market view.
Remember, there are no guarantees in the market. Always follow a consistent system based on your own strategies and analysis that are at long-term profitable.
The reason for expecting this coin can increase
Activation of a new trend with the possibility of starting a new cycle.
Good times, everyone.
This update is not trading or financial advice.
SPx (Another Bear will come...)SPx New Forecast
The price of the S&P 500 reversed from its support line at 5266 and can now reach the resistance line at approximately 5305, with the potential to touch 5320 as well.
If the price remains below 5305 and 5320, it will likely fall back to the support line at 5266. Breaking this level could extend the bearish trend towards 5226.
Pivot Line: 5305
Resistance Levels: 5325, 5350, 5400
Support Levels: 5266, 5227, 5193
Today’s expected trading range is between the support 5266 and the resistance 5325.
GOLD (Sensitive bullish Volume )Technical Analysis of Gold
The price dropped from its resistance line around 2361 and has already reached the support line at 2344.
Now, the price is likely to attempt to reach 2354 and 2361, given the bullish volume stability in the current 4-hour candle. However, if a 4-hour or 1-hour candle closes below 2344, the price is expected to drop to 2327. Stability above 2344 will support a rise towards 2354 and 2361.
Pivot Price: 2344
Resistance Levels: 2354, 2369, 2388
Support Levels:** 2327, 2318, 2304
Today's anticipated trading range is between the support level at 2327 and the resistance level at 2369.
USDJPY WEEKLY OUTLOOK### Weekly Market Outlook
Monday: The week begins quietly with a U.S. bank holiday in observance of Memorial Day, leading to subdued financial markets.
Tuesday: Focus shifts to Japan for the release of the BoJ core CPI y/y. In the United States, the CB Consumer Confidence data will be closely monitored.
Wednesday: Key inflation data from Australia will be released, offering insights into the RBA's upcoming monetary policy decisions.
Thursday: A series of significant U.S. economic indicators will be published, including preliminary GDP q/q figures, unemployment claims, and pending home sales. These data points are crucial for understanding the U.S. economic trajectory.
Friday: The week concludes with several important releases. Japan will report its Tokyo core CPI y/y and industrial production data. The eurozone will release its CPI figures, the final print before the next ECB meeting. In the United States, the core PCE price index m/m, personal income m/m, and personal spending m/m data will be released, providing a comprehensive view of recent consumer activity.
Throughout the week, several FOMC members are scheduled to speak, potentially offering insights into future monetary policy. Additionally, Barclays suggests that month-end rebalancing might signal strong dollar selling, a factor to consider in trading decisions.
In the U.S., CB Consumer Confidence is expected to decline from 97.0 to 96.1. Analysts at Wells Fargo highlight a discrepancy: consumer spending has recently increased, while consumer confidence has declined since the beginning of the year, reaching its lowest level since 2022. This decline in confidence may stem from persistent concerns about rising prices, despite a drop in inflation from its peak. Additionally, a slight rise in unemployment has contributed to a less optimistic economic outlook.
Technical Analysis:
The price continues to experience bullish pressure towards 157.970, with a potential further rise to 159.820 upon breaking this level.
A correction to 156.590 is possible before resuming the bullish trend. The bearish scenario will be triggered if the support line at 156.590 is broken, potentially leading to a drop to 155.940 and 155.445
Pivot line: 156.590
Resistance line: 157.970, 159.82, 161.820
Support line: 155.950, 155.450, 154.700
The expected trading range is between support 155.450 and Resistance 157.970
previous weekly idea:
BTC - Ready For Some Action?Hello TradingView Family / Fellow Traders,
As per my last analysis, BTC rejected the $60,000 support and traded higher.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
For the bulls to maintain control, a break above the $72,000 resistance is needed.
In this case, a movement towards the $80,000 resistance would be expected.
2️⃣ Bearish - Correction
In parallel, if the last low marked in red is broken downward, we expect the bearish correction to start leading to a movement towards $60,000.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
EURCHF - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURCHF has been overall bearish, trading within the falling wedge in red.
At present, EURCHF is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.
📚 As per my trading style:
As #EURCHF approaches the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NiKKEi the Empire who saw Tomorrow 100 years ago
the OG in quantitative zero cost coupons and negative rates
with subways in the 1930s
touchscreens ai robotics in the 70s
and rise of gaming in the 80s
still is a decade ahead among developed countries
and 100 years++ ahead the rest of the emerging economies
TNSR NEW BREAK POSSIBILITY
This update is for TNSRUSDT
Depending on the study trend this coin shows possibilities for new increase.
TNSR seems to be at an important key level, where it has a high chance of breaking in the coming time.
We will follow this coin with the possibility of the trend increasing and breaking.
This can be interesting for day trading and long term, it depends on the coming time market view.
Remember, there are no guarantees in the market. Always follow a consistent system based on your own strategies and analysis that are at long-term profitable.
The reason for expecting this coin can increase
Activation of a new trend with the possibility of starting a new cycle.
Good times, everyone.
This update is not trading or financial advice.
US30 (Technical and Geopolitical Weekly Analysis)Technical and Geopolitical Analysis:
The previous weekly chart indicated a strong upward movement, but the market is now poised to react to geopolitical pressures, particularly the tensions between China and Taiwan, expected to intensify this week and continue into next month.
Technical Analysis:
Bullish Scenario: If the price stabilizes above 38,700, it is likely to move between 38,700 and 40,050. Any sustained stability above 40,005 will signal a continuation of the bullish trend, potentially reaching 40,970. A retest at 40,005 could occur before the bullish trend resumes.
Bearish Scenario: The bearish trend will be confirmed if the price closes below 38,700 on at least the daily chart, targeting 37,990. The next significant support level is 36,460, which is strong support for this year.
Key Levels:
Pivot Line: 38,700
Resistance Prices: 39,500, 40,005, 40,970
Support Prices: 38,300, 37,990, 36,460
The expected trading range will be between the support at 37,990 and the resistance at 40,050.
STEEM NEW INCREASE FLOWI hope you all are doing well and navigating the crypto market with the best strategies that are possible for you.
This update is for STEEMUSDT.
STEEMS seems on interesting zone which allows the possibility high for a new break.
STEEM seems to be at an important key level, where it has a high chance of breaking in the coming time.
We will follow this coin with the possibility of the trend increasing and breaking.
Remember, there are no guarantees in the market. Always follow a consistent system based on your own strategies and analysis that are long-term profitable.
The reason for expecting this coin can increase
Activation of a new trend with the possibility of starting a new cycle.
Good times, everyone.
This update is not trading or financial advice.
GOLD FORECASTThe current analysis indicates a Bearish trend for OANDA:XAUUSD , provided it stays above the PIVOT LINE at 2360, and it's possible to touch 2369 as well then it'll start the bullish trend. The prevailing Bearish pressure suggests that if trading remains below 2360, the trend will continue a strong downward till 2330.
Key Levels:
Bullish Line: 2376, 2397, 2412
Pivot Line: 2360
Bearish Line: 2344, 2330, 2306
SPx (Near to the another new record)SPx New Forecast
The price of the S&P 500 reached the resistance line, and breaking this resistance, will support the price to reach the next resistance line which is 5350,
If the price remains below 5305 and 5320, it will likely fall back to the support line at 5266. Breaking this level could extend the bearish trend towards 5226.
Pivot Line: 5305
Resistance Levels: 5325, 5350, 5400
Support Levels: 5266, 5227, 5193
Today’s expected trading range is between the support 5266 and the resistance 5350.
DXY - Are You Ready?📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 DXY has been overall bullish trading within the rising channel marked in red.
Currently, it is undergoing a correction phase, and approaching the lower bound of the channel.
Moreover, it is retesting a strong demand zone highlighted in orange.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the orange demand and lower red trendline.
📚 As per my trading style:
As #DXY is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
JD.com (JD): Key Levels to Watch Amid Potential BreakoutFor the Chinese stock JD.com listed on the Nasdaq, we observe a significant pattern. Initially, we had a prolonged sideways movement that concluded with an initial surge, establishing the current resistance zone. This zone held twice before the price fell through.
Starting from point X in our Elliott Wave count in November 2018, we saw a rapid increase of approximately 470% in a short period. However, this was followed by a steep sell-off, leading to the formation of Wave (2) within a trend channel.
The correction's time horizon places it in the perfect zone, typically between 2 and 2.618 on the higher time frame, which is a good indicator that this could indeed be Wave (2). To continue the upward movement, it is crucial for JD.com to flip this resistance zone.
The current question is whether the price will first return to the High-Volume Node Point of Control (POC) or break out upwards directly. Flipping the support-resistance zone will be key for any significant upward momentum.
We'll be closely monitoring these levels to determine the next move.
Zooming in on the 12-hour timeframe, we can observe the scenario at the end of the assumed Wave (2). This pattern is characteristic of what we like to see at the conclusion of Wave 2. Initially, we experienced an accumulation phase, which transitioned into a manipulation phase, followed by an expansion phase. This sequence is generally a positive sign.
Currently, we are witnessing a pullback after touching the resistance level. Despite this, we maintain our outlook that the price should continue to rise and not retest the $20 mark.
There's a breakout gap that partially filled but remains open near the bottom. This gap formed just before we entered the expansion phase, and it's a critical point to consider.
Given the ongoing volatility in the Chinese market and the uncertainty among investors, we remain cautious. We are closely watching how JD.com behaves within the $24.50 to $26.80 range. With a drop towards the gap close near $21, we will consider making significant buys.
If the price breaks out upwards, we will look for opportunities to enter positions.
AUDUSD - The long roadevening traders, looking at this trend it seems, that after the daily candle on the 23/05/2024 closed on the outside of the trendline (due to the news) that on the 24/05/24 the pair regained the strength to then push back up and the daily candle has set stone back into the trend. is this a continuation? to me personally i feel this shall carry on. i have set a target for %50 on the fib level reaching to the next resistance level. do you agree? or perhaps think differently? either way, please share your thoughts! happy trading everybody! good luck! =).
MTL TRENDING NEW LONGHi Traders,
I hope you all are doing well and navigating the crypto market with your best strategies.
This update is for MTLUSDT.
MTL is looking interesting over the next time frames and may show increased volume. That's why we're keeping an eye on this coin.
$2.00 is a key confirmation zone. If the coin breaks this level, there's a high chance it could reach $2.68
Remember, there are no guarantees in the market. Always follow a consistent system based on your own strategies and analysis.
Good times, everyone.
This update is not trading or financial advice.
xauusd analysis for the week 27/52024- 31/07/2024the last week we have witnessed the biggest fall in a week in last 5 months. what will be going to happen in the coming week is much anticipated thing for traders.
our viewpoint is there will be an upward correction in the trend and the retracement zone for the market is from 2327-2333 area and the growing geopolitical tension in the middle east will also be an add on factor for this correction.
if the market goes below 2321 area of support then we can see a downfall till 2275 extended up to 2253.
bullish targets:
2343
2355
2363
2376
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