the price movement of Silver (CFDs) on a 1-hour timeframe. The price is currently facing resistance around 31.80 and has formed an ascending channel. The key support level is around 31.54, and a potential downside move toward this level is expected. Traders may look for a target around 31.54, with the possibility of further price movement within the defined channel.
Enjoy Your Guys.. 110 pips fall and Counting Telegram: @kamilahfx
GOLD is in an ascending channel between trend lines, in a range of $2877 to $2940. The price is moving from the upper boundary of the channel and has already dropped below the dynamic support. We expect the decline to continue after consolidation under $2877. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
NZD/CAD Technical Perspective: The NZD/CAD pair is currently positioned at a key support zone, where price action has historically reversed direction. Following a recent rebound from this level, the pair is now retesting the support area. Given the broader uptrend structure (characterized by higher highs and higher lows), this retest presents a potential opportunity to enter long positions, contingent on bullish confirmation at this critical juncture. Key Observations: Established Uptrend: The pair’s consistent upward trajectory on higher time frames supports a bullish bias. Support Retest: The current pullback to the support zone aligns with typical price behavior in trending markets, where retests of prior levels often precede trend resumptions, but a decisive close below the support would invalidate the bullish setup, potentially signaling a trend reversal or deeper correction. Risk Management Strategy: A prudent approach would involve placing a stop-loss below the support zone to protect against a breakdown, while targeting the next resistance level for profit-taking. Final Assessment: The setup aligns with bullish momentum, provided the support holds. Traders should await confirmation (e.g., bullish candlestick patterns, rising momentum indicators) before committing to long positions. https://www.tradingview.com/x/S8amifjC/
Hey, Last chart for today, is the JPY play against the Dollar. Price is currently sitting at a so called Counter Zone and Trendline Zone. For more information about our charts, make sure to watch our videos! Let's wait for more confirmation. Regards, Max Nieveld
The USDCHF currency pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation. The key trading level is at 0.8946, the previous consolidation price range, and the rising support trendline zone. A corrective pullback from the current levels and a bullish bounce back from the 0.8946 level could target the upside resistance at 0.9033 followed by the 0.9050 and 0.9087 levels over the longer timeframe. Alternatively, a confirmed loss of the 0.8946 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 0.8913 support level followed by 0.8860. 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.
BITCOIN ( CRYPTOCAP:BTC ) DIPS TO GETTEX:82K —FEAR OR FORTUNE? (1/9) Good Morning, TradingView! Bitcoin ( CRYPTOCAP:BTC ) slumped to $ 82,000, lowest since Nov ‘24 ? Market’s glum, let’s unpack this crypto dip! ? (2/9) – PRICE SLIDE • Drop: $ 82K, 20% off $ 109K high ? • Month: Altcoins down 30%+ ? • Fear Index: 10/100, rock bottom ? CRYPTOCAP:BTC ’s shivering, gloom’s thick! (3/9) – TECH TELL • 200-Day MA: $ 81,500, support holds ? • RSI: 28, oversold, bounce hint ? • Past: Aug ‘24 $ 49K to $ 100K ? CRYPTOCAP:BTC ’s teetering, rebound or rubble? (4/9) – MARKET MOOD • Fear: Lowest since FTX ‘22, $ 16K ? • History: Extreme fear sparks rallies ? • Outflows: $ 1B from ETFs, trade woes ? CRYPTOCAP:BTC ’s testing, panic or patience? (5/9) – RISKS IN PLAY • Trump: Tariff talk, no crypto juice ⚠️ • Volatility: Bear turn stings ? • Stablecoins: Inflows, sideline cash ? CRYPTOCAP:BTC ’s wobbly, can it dodge the funk? (6/9) – SWOT: STRENGTHS • Base: $ 82K holds, tough nut ? • Past: Fear flips to gold, $ 100K+ ?️ • Liquidity: Central banks ease ? CRYPTOCAP:BTC ’s gritty, battle-tested! (7/9) – SWOT: WEAKNESSES & OPPORTUNITIES • Weaknesses: Sentiment sinks ? • Opportunities: Fear buys, rate cuts ? Can CRYPTOCAP:BTC vault past the blues? (8/9) – CRYPTOCAP:BTC ’s $ 82K dip, what’s your take? 1️⃣ Bullish, $ 100K rebound soon ? 2️⃣ Neutral, Holds, risks linger ? 3️⃣ Bearish, $ 70K slide looms ? Vote below! ?️? (9/9) – FINAL TAKEAWAY CRYPTOCAP:BTC ’s $ 82K slump spooks, fear at 10 ? $ 1B ETF outflows sting, but history hints bounce, gem or gloom?
GBPJPY had been trading in a sideways pattern for around a week before experiencing a bullish surge today. This upward movement caused the pair to become bullish. The price successfully broke above a resistance level within the range on a 4-hour chart, with the help of a strong momentum candle. As a result, we can anticipate further bullish movement in the near future, with potential targets at 190.48 and 190.98.
BTC may go to Neckline of Double top and fills CME GAP there, or may dump directly to lower CME GAP
Hey, Another chart which is looking promising and is nearing my areas of value is EURO vs GBP! Of course, we're not there yet but we are nearing the zone! Let's sit on our hands and make the markets come to us. Kind regards, Max Nieveld