Market Analysis: GBP/USD Gains Strength GBP/USD is attempting a fresh increase from the 1.2600 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound is attempting a decent increase above the 1.2620 zone against the US Dollar. - There is a connecting bullish trend line forming with support at 1.2625 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair started a downside correction from the 1.2690 zone. The British Pound traded below the 1.2650 zone against the US Dollar. A low was formed near 1.2605 and the pair is now attempting a recovery wave. There was a break above the 50% Fib retracement level of the downward move from the 1.2690 swing high to the 1.2605 low. https://www.tradingview.com/x/udrCGDcs/ The pair even spiked above the 76.4% Fib retracement level of the downward move from the 1.2690 swing high to the 1.2605 low and settled above the 50-hour simple moving average. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2675. The next major resistance is near the 1.2690 level. If the RSI moves above 60 and the pair climbs above 1.2690, there could be another rally. In the stated case, the pair could rise toward the 1.2750 level or even 1.2820. On the downside, there is a major support forming near 1.2625. There is also a connecting bullish trend line forming with support at 1.2625. If there is a downside break below the 1.2625 support, the pair could accelerate lower. The next major support is near the 1.2605 zone, below which the pair could test 1.2560. Any more losses could lead the pair toward the 1.2525 support. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
My trading plan is very simple. I buy or sell when at three of these events happen: * Price tags the top or bottom of parallel channel zones * Money flow spikes beyond it's Bollinger Bands * Stochastic Momentum Index (SMI) at near oversold overbought level * Price at Fibonacci levels So... Here's why I'm picking this symbol to do the thing. Price in selling zone above top of channels Stochastic Momentum Index (SMI) at overbought level Money flow momentum is spiked positive and over top of Bollinger Band Target is lower channel around $186
I´m expecting GOLD to climb due to yesterday sell off and coming GDP data. Black lines are important zones, Watch out especially 33 where there is a big activity of market participants. TP always partially at TP zones(black lines). At 2905 you can average your trade if you wish to. Good luck. P.S. I´m not a signal service, do not selling anything here. If you want to spend your money on "premium channels" feel free to contact one of the signalist commenting this idea. We are a group of traders sharing, discussing different strategies. Invest your money in learning, not in buying signals and fund signal services.
Using the Bitmart chart when PI was trading IOU's at $40/50 the launch of PI on the 20th saw its expected initial drop to .60cents. 6 days later it has recovered 220% should growth continue into next week another 140% could be possible taking it to 0.618 before a retrace. Just a thought, happy mining.
Yesterday, Gold followed scenario two, breaking below 2919 and retesting 2900 before rebounding. Despite a 170-pip attempt above 2929 today, a lack of fundamental drivers prevented continuation, leading to another pullback. Bias remains bullish, with buys above 2919 and 2929, while the safest entries remain above 2940. If price struggles at 2919, we could see a deeper pullback to 2900 or even 2888 before resuming bullish momentum. With no major news today, staying adaptive is key.
?#ETH breaks downtrend line? ?We broke downtrend line and formed a long structure, but we are currently in resistance zone, so we need to wait for price to return to downtrend line or yellow support zone before we can participate in new long trades. ➡️If we can form an ascending triangle in current resistance zone and break through, then I will consider participating in some small long trades at market price. ⚠️Note that downside risk is not completely eliminated, so new trades need to be conservative. Let's see? ?If you like my analysis, please like? and share? BITGET:ETHUSDT.P
?Hello traders, let's review the H2 chart for EURNZD today. Trading near premium prices of the multiweek range, closing in on heavy S/R Currently risk/reward is shifting in bears favor, so it's recommended to look for sell side setups in EURNZD. ?Heavy overhead mirror S/R zone at 8440/8480 expecting reversal from overhead resistance. current bid is 8375 so final push incoming before we can get a decent entry on sell side. ?Recommended strategy for EURNZD traders: focus on short selling any rips/rallies near MS/R 8440/8480 price is currently trading near premium levels and is almost maxed out already, limited upside. TP1 bears +75 TP2 bears +150 pips final exit 8300 keep in mind this is a swing trade setup so naturally will take more time to complete / hit both targets. good luck traders! ?Please hit the like button and ?Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
My trading plan is very simple. I buy or sell when at three of these events happen: * Price tags the top or bottom of parallel channel zones * Money flow spikes beyond it's Bollinger Bands * Stochastic Momentum Index (SMI) at near oversold overbought level * Price at Fibonacci levels So... Here's why I'm picking this symbol to do the thing. Price in buying zone at bottom of channels Stochastic Momentum Index (SMI) near oversold level Money flow momentum is spiked negative and under at bottom of Bollinger Band Price at or near Fibonacci level Entry at $100 Target is upper channel around $340 the last time this condition was met, NASDAQ:TSLA went up 10%, so let's see what happens.
https://www.tradingview.com/x/j9z5sUNW/ The BITSTAMP:BTCUSD BINANCE:BTCUSDT chart is approaching a pivotal moment with the monthly candle nearing its close. If the price closes below the critical $89,000 level—the previous low that led to the all-time high (ATH)—it could trigger a drop toward the next major support at $69,000. This level holds significant importance, not only for its historical role as a key pivot but also as an optimal entry point for long-term positions. Historically, Bitcoin has shown a tendency to retrace back to the trendline, and the current structure suggests this pattern may repeat. A bounce from the $69,000 zone could present an attractive long-term buying opportunity. Traders may look for either an immediate reaction at this level or wait for confirmation by breaking the next swing high after the rebound. Despite the short-term risks, the monthly EMA ribbon remains bullish, with the price holding above it, reinforcing the long-term uptrend. If the bullish scenario plays out, the next significant target is projected at $128,000, derived from the Fibonacci extension of the previous bullish cycle. This level aligns with the long-term upward trajectory and could be the next destination if Bitcoin regains momentum. ???? What’s your game plan? Will BTC hold above $89,000 and target $128,000, or are we heading for a retest of $69,000 before the next leg up? Share your thoughts below and let’s discuss! __ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
EUR/USD news: ?Weakening U.S. economic data weighed on the U.S. dollar, as the Conference Board’s consumer confidence index dropped by 7 points in February to 98.3, marking its third consecutive decline, according to Tuesday’s data release. ?Meanwhile, Richmond Federal Reserve President Thomas Barkin projected another decrease in Personal Consumption Expenditure (PCE) inflation later this week, acknowledging the Fed’s progress in curbing inflation. Despite his positive outlook, Barkin stressed the importance of a cautious "wait and see" approach due to ongoing policy uncertainties. ?The EUR/USD pair strengthened as the Euro found support from rising optimism over potential fiscal expansion in Germany. Reports suggest that the country is considering a €200 billion emergency defense fund, fueling investor confidence. ?Additionally, Frederich Merz, leader of the Christian Democratic Union (CDU) and Germany’s incoming chancellor, has not dismissed the possibility of modifying the debt brake to finance crucial initiatives such as tax cuts, reduced energy costs, and increased military spending, further boosting sentiment around the Euro. Personal opinion: ?EUR/USD is still maintaining its upward momentum based on good news from Europe. There will be a slight pullback due to the increase in the US 10-year bond yield but this is an opportunity to buy at a cheaper price than the market Analysis: Based on important resistance - support zones and Fibonacci levels combined with SMA50 to come up with a suitable strategy Plan: ? Price Zone Setup: ?Buy EURUSD 1.0470 – 1.0450 ❌SL: 1.0420 | ✅TP: 1.0520 – 1.0560 – 1.0600 FM wishes you a successful trading day ???