The EUR/JPY currency pair price action sentiment remains bullish, underpinned by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone. Key Levels and Price Action The critical trading level to watch is 161.26, representing the previous consolidation range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 162.58, 163.22, and 163.66 over a longer timeframe. However, if the 161.26 support level fails to hold and there is a confirmed daily close below it, the bullish outlook would be invalidated. This breakdown could trigger a deeper retracement, targeting the 160.55 support level, followed by 159.10. Conclusion The sentiment remains bullish as long as the 161.26 support level holds, with potential upside targets at 162.58, 163.22, and 163.66. A break below 161.26, however, would shift the outlook to bearish, signaling a potential move towards 160.55 and 159.10. Traders should closely monitor price action and daily closes around the key support to assess sentiment shifts and trading opportunities. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Gold fluctuated at a high level during the day, and fell back after hitting the 2925 line in the European session, which was consistent with our expectations. There will be CPI data tonight, and there will be large short-term fluctuations. Pay attention to the impact of the data. In the 4H cycle, the white market has continuous high cross stars, and the Bollinger Bands are still closing in parallel. It will continue to fluctuate at night, but because the daily cycle is still bearish, the operation will fall back to the key position and then go short. Yesterday's low point was 2906, and the upper pressure was 2925-2930. Pay attention to the gains and losses of key positions after the data. We will pay close attention to market trends and grasp the subsequent market trends in a timely manner. You can read bottom signals, interpret daily market trends, and share real-time strategies so that you no longer blindly follow the trend.
The dollar Index Sells are aligning with the GU Buys and EU buys with AU buys as the dollar Index weakens I expect the mentioned pairs to strengthen with buys let's await the US open and see what really happens
US30 Technical Analysis The price has dropped over 700 points, as mentioned in yesterday’s analysis . Technical Outlook: The price reversed from a 90-day low and is now attempting to test the 41,785 and 41,955 levels ahead of the CPI release. As long as it trades below the resistance level of 41,955, further downside is expected, targeting 41,560 and 41,030. However, a 4H candle close above 42,060 would signal a potential bullish shift. CPI Impact: CPI < 2.9% → Bullish ? CPI > 2.9% → Bearish ? Key Levels: Resistance: 41955 | 42200 | 42588 Pivot: 41785 Support: 41345 | 41030 | 40420
WTI Oil (USOIL) hit on last week's 1W candle the 1M MA100 (red trend-line), a massive long-term Support level that has been holding since the week of April 26 2021, i.e. almost 4 years. At the same time, the price entered the 2-year Support Zone, which has produced all major Bullish Phases (green Rectangles) during this time span. The last one got rejected twice on the 1W MA200 (orange trend-line). Given the fact that this most recent rejection formed the current 2-month Bearish Phase (red Rectangle), which even based on 1W RSI terms, is similar to all previous Bearish Phases that found Support on the 2-year Support Zone, we have a massive long-term Support Cluster in front of us. Naturally, until the 1W MA200 breaks, that should be the first Target of any buy attempts. As a result, we expect $80.00 to be tested by June 2025 the earliest. ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ?????? ? ? ? ? ? ?
https://www.tradingview.com/x/uTxQbrBy/ USOIL SIGNAL Trade Direction: long Entry Level: 66.90 Target Level: 73.40 Stop Loss: 62.52 RISK PROFILE Risk level: medium Suggested risk: 1% Timeframe: 1D Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AUDUSD has formed a falling wedge on the 4h chart which implies a breakout to the upside, however, today's CPI will have an impact on whether we go lower first before the breakout. There is a chance AUDUSD may touch 0.62 first before the bounce up and in this case, the next resistance is at 0.6355 (white zone). If a breakout does occur in the short-term, the next target to the upside will be the 0.64 resistance zone (blue zone).
STOCK MARKETS FALLING APART PRICED IN GOLD !!! Where the Dow Jones Industrial Average goes, so will the S&P500 and the Nasdaq. It's a questions of time.
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Bei Wer wird Millionär? kam es zu einer kuriosen Situation: Günther Jauch ließ sich von einer Frage zu körperlicher Aktivität hinreißen - und konnte sich dann nicht mehr einkriegen.