hello guys! Triangle Formation Top Line of the Triangle: A descending trendline forming the upper boundary of the triangle, showing a gradual decline in lower highs. Bottom Line of the Triangle: An ascending trendline forming the lower boundary of the triangle, highlighting higher lows, indicating potential consolidation. Support and Resistance Zones Support Area: Around $248 to $244, providing strong buying interest as price approached the bottom of the triangle. Resistance Area: Between $264 to $268, acting as a ceiling where selling pressure is evident. Flip Area Located near $223 to $233. This zone was a previous resistance level and has flipped into support, reinforcing the bullish structure below. Price Expectation A potential bounce is expected off the bottom trendline of the triangle near $248. Once price consolidates and breaks above the resistance area at $264–$268, it may surge toward the upper target zone around $277 to $282. Key Levels to Monitor Support: $248 to $244 Resistance: $264 to $268 Target Area: $277 to $282 Conclusion The current market is consolidating within a triangle. A breakout above the resistance area could signal a bullish continuation to higher levels. If price fails to hold the support, the next significant zone to watch is the FLIP area near $223–$233.
Cadjpy is downward, im gonna sell it. Rejection of this resistance.
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Market Overview: Gold is at the end of its buyers' movement; professional traders are looking for signs of weakness to enter short positions. The static supply level at $2,735–$2,770 is active, but the dynamic supply ceiling has yet to form. Short-Term Forecast: $2,770–$2,800: Heavy supply is expected, which is crucial for the continuation of the upward trend. Key Level: As long as prices remain above $2,760, buyers maintain control. If this level is breached, prices could drop to $2,700–$2,730 in the short term. Medium-Term Forecast: Breaking the demand at $2,730 and $2,690 could accelerate a price drop to $2,530. $2,500–$2,530: A key level for medium-term buyers, with a strong likelihood of renewed demand. Trading Recommendations: Short Position Entry Range Key Levels to Monitor: $2,755–$2,760: Crucial for observing buyer weakness. $2,690–$2,730: Determines new demand or supply trends. $2,500–$2,530: Attractive for medium-term buyers, with potential for strong demand formation. Summary: The market remains under buyers' control, but increased selling pressure at current levels indicates a critical phase. Risk management and precise analysis of price patterns are essential to capitalize on market opportunities.
BINANCE:SYSUSDT Entry Now SL: 4Hr close below 0.0952 Targets: ? 0.1002 ? 0.1021 ? 0.1044 Small risk. Reason: 1 hour timeframe pullback. Not financial advice, just a quick idea
Banknifty is looking uncertain. The downside risk is still open, and the range of 47600-100 will be crucial for short covering. And on the upside, 48900 will be a very important level for upside in Banknifty. Once Banknifty crosses and sustains above 48900, then it can go upto 49600-700. Although I expect banknifty to close in green on weekly basis .
Silver is currently consolidating within a narrow horizontal range on the 4-hour chart. A bullish breakout would be confirmed by a 4-hour candle closing above the upper boundary of the range at 31.00, potentially paving the way for an upward move toward 31.43. Conversely, a break below the range's support level would indicate the onset of a bearish trend.
https://www.tradingview.com/x/qeS6BDJP/ HI,Traders ! GBP-USD was trading Beneath the falling resistance Line but now we are seeing a Bullish breakout so we are Now locally bullish biased And we will be expecting a Further bullish move up ! Comment and subscribe to help us grow!
Nifty is expected to remain highly volatile in the upcoming week due to multi-event and news flow week. On a weekly basis, my view remains that if Nifty tests any imp short covering level, then we can expect strong short covering making Nifty close in green on a weekly basis. Imp short covering levels on the downside are: 1.)22803 2.)22460 3.)22338 All levels are marked in the chart posted .
Our analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will fall to the weekly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.