The USD/JPY 1-hour chart exhibits a descending channel, indicating a bearish market sentiment. The price is forming lower highs and lower lows, reinforcing the downtrend. Key Technical Levels: Support Zone: 153.0 – A break below this level could accelerate the bearish momentum. Resistance Zone: 154.5 – 155.0 – A rejection from this area may confirm further downside movement. Potential Trading Scenarios: 1. Bearish Continuation (Short Setup): If the price tests and rejects the upper boundary of the channel, a sell opportunity arises. A break below 153.0 could signal further downside towards lower support levels. 2. Bullish Reversal (Long Setup): If the price breaks and closes above the descending channel, it may indicate a trend reversal. A sustained move above 155.0 could shift momentum towards a bullish outlook. Trading Considerations: Risk Management: Utilize stop-loss orders to minimize risk, ideally placing them above/below key resistance or support levels. Confirmation Signals: Look for candlestick patterns, volume surges, or RSI/MACD divergence before entering a trade. Economic Events: Monitor USD and JPY-related news, as fundamental factors can impact price action significantly. A disciplined approach with proper risk management will enhance the effectiveness of this analysis. Let me know if you need a customized trading plan based on this setup.
GBPCHF - Mid-Week Update for Bullish Continuation by Atlas . By: Noble.Mike.Jamison
Hello guys, Monero looks super bullish. Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography. The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are. Total supply: 18.44M XMR Max. supply: ∞ Circulating supply: 18.44M XMR New goal over 500 usdt. Good entry now. Stop loss under 180 usdt. HODL. This is only my idea guys. This is not financial advice ! Please do your analysis and consider investing !! Thanks
- FTSE 100 Index broke resistance level 8450.00 - Likely to rise to resistance level 8800.00 FTSE 100 Index rising strongly after the earlier breakout of the resistance level 8450.00, which is the upper border of the weekly sideways price range inside which the index has been trading from the start of 2024. The price briefly corrected back to the price level of 8450.00 (which is acting as support now after it was broken). Given the multi-year uptrend on the weekly charts, the FTSE 100 Index can be expected to rise further to the next resistance level, 8800.00 (the target price for the completion of the active impulse wave 5).
Simple falling wedge breakout with flag pole target of $115k
MY ANALYSIS ON GBPCAD My Analysis on this pair:: Based on the current technical setup, this pair exhibits bullish structure; however, the price is testing a critical resistance zone coinciding with the 61.8% Fibonacci retracement level. While the broader trend appears upward, the confluence of resistance at this key Fibonacci level introduces significant downside risk, leading me to adopt a cautious bearish bias. Given the conflicting signals between bullish momentum and strong resistance, I recommend exercising caution with position sizing if considering a contrarian bearish trade. Trading against the trend carries elevated risk, and adhering to strict risk management (e.g., tight stop-loss parameters) would be prudent in this scenario. To refine this assessment, I would appreciate your perspective: Do you interpret this price action as a bullish continuation signal, or do you share concerns about potential rejection at the Fibonacci resistance? Your insights on this pair’s direction would be valuable.
Hi traders what do you think about Gold given suggestion in comments. XAU/USD (Gold) short-term outlook with a focus on key levels and potential market movements. Based on what you're mentioning, you're anticipating a resistance around 2798, and a potential pullback to support at 2772. You're also keeping an eye on US GDP data, suggesting that slower growth could increase demand for gold as a safe-haven asset, which could influence price action. If the US GDP data comes in weak, it could indeed support gold prices, as investors may seek out safer investments amid economic uncertainty. On the other hand, if the data surprises to the upside, it could potentially strengthen the US dollar and apply downward pressure on gold. You're also noting the relevance of the all-time high (ATH) target—it's important to see how gold reacts near this level, as it could indicate whether there's a further bullish continuation or a potential reversal. if you like this analysis please support my work and fallow thanks for love.
- Ethereum reversed from support zone - Likely to rise to resistance level 3340.00 Ethereum cryptocurrency recently reversed up strong from the support zone located between the round support level 3000.00 (which has been reversing the price from November), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from November. The upward reversal from the support level 3000.00 stopped the previous short-term ABC correction 2 – which belongs to the impulse wave (3) from January. Given the strength of the support level 3000.00, Ethereum cryptocurrency can be expected to rise further to the next resistance level 3340.00.
Gold has reached a new record high price, surpassing the November peak by approximately $10 at the time of writing. Political uncertainty in the U.S., particularly concerning trade policy, is fueling the rally. Reports indicate that the Trump administration is "not close at all to making a decision" on China tariffs. Meanwhile, Beijing has signaled flexibility on the future of TikTok, a major sticking point in the tariff negotiations. However, markets anticipate that new tariffs on two of the U.S.’s closest allies - Mexico and Canada - could be announced on February 1. From a technical perspective, the daily chart suggests gold could break above $2,800 in the coming sessions. Technical indicators continue to advance within positive levels, nearing overbought territory but still with room for further gains.
✅ GBP/NZD has tested the key resistance level at 2.20632 multiple times, and once again, it is rejecting this level. With bearish momentum building, a move downward toward the demand zone at 2.18915 is expected. SHORT ? ✅ Like and subscribe to never miss a new analysis! ✅