If GBPJPY breaks support level we could see further decline. Weekly close will be crucial as confirmation
M30 trendline resistance is already breakout and H1 trendline support still respect. That’s why you can see gold still keep pushing the momentum to fly up. Now we wait for 2663 break first and we try to decide to find continuation buy.
H1 - Bearish trend pattern Strong bearish momentum Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
AUDNZD (1D Timeframe) Analysis Market Structure: A bearish engulfing candlestick pattern has formed, indicating strong selling pressure at the current price level. This pattern suggests that the bulls have lost control, and the bears are likely to dominate in the near term. Forecast: A sell opportunity is expected as the price shows signs of reversal following the bearish engulfing pattern, signaling potential downside movement. Key Levels to Watch: Entry Zone: After confirmation of the bearish engulfing pattern. Risk Management: Stop Loss: Placed above the high of the engulfing candle to limit risk. Take Profit: Target the next support levels for potential downside targets. Market Sentiment: The bearish engulfing pattern signals a shift in market sentiment, with selling pressure expected to continue as long as the price stays below the recent high.
XAU/USD: Navigating Uncertain Currents Amid Resistance Challenges Gold (XAU/USD) has been navigating a phase of consolidation while steadily creeping toward the critical resistance level at 2667. This level stands as a psychological and technical barrier, and the market seems poised for a decisive moment. The current upward trajectory suggests a potential breakout is on the horizon. However, doubts loom large as various economic and geopolitical factors cast a shadow over this bullish move. Economic Crosswinds and Market Sentiment The lingering question remains: Will the breakout materialize? Gold’s performance has been mired in a complex web of economic data that has consistently hindered its momentum. Over the past few months, the global economy has presented a mixed bag of signals, with inflationary pressures rising across major economies, particularly in China, which recently released discouraging data on its economic growth. Meanwhile, the Federal Reserve’s hawkish stance, as reflected in its latest meeting minutes, continues to support the strength of the US dollar, further dampening gold’s appeal. Adding to this complexity, the lack of fresh geopolitical flashpoints or significant shifts in fundamental data leaves gold’s recent ascent somewhat puzzling. Historically, gold has thrived on uncertainty, but with no major new developments from global hotspots and a stronger dollar exerting downward pressure, its current upward move appears to lack a robust foundation. Moreover, the metal faces headwinds from an improving macroeconomic environment in the United States. The Federal Reserve’s resolute approach to inflation control, coupled with Trump-era tariff policies still casting a shadow on international trade, adds to the uncertainty surrounding gold’s price action. Liquidity Grabs and Resistance Retests From a technical perspective, the market’s structure remains bullish, though caution is warranted. Before a potential reversal or significant correction, the possibility of a liquidity grab around the key resistance level at 2667 cannot be ruled out. This move would likely attract cautious buyers and trigger stop-loss orders, temporarily pushing prices higher. A subsequent retest of key zones of interest—such as the higher resistance levels at 2675 and 2692 or the channel resistance—could follow before any meaningful correction materializes. Such behavior aligns with gold’s historical price action, where false breakouts or liquidity hunts often precede major directional shifts. Buyers, already hesitant due to the lack of strong bullish fundamentals, may adopt a wait-and-see approach as the market tests these critical thresholds. Fundamental Challenges Weighing on Gold Despite its recent climb, gold remains under pressure from a host of unfavorable factors. The following nuances continue to resist upward momentum: Stronger US Dollar: As the dollar strengthens, gold, priced in dollars, becomes more expensive for international buyers, limiting demand. Hawkish Federal Reserve: The Fed’s firm stance on controlling inflation and its willingness to maintain higher interest rates for longer reduce the appeal of non-yielding assets like gold. Global Inflation: Rising inflation in key economies, coupled with central bank tightening, creates a challenging environment for gold. Lack of Geopolitical Catalysts: With no new conflicts or crises dominating headlines, gold lacks the safe-haven demand typically driven by geopolitical turmoil. Trump’s Tariff Policies: Although dated, the lingering effects of these trade policies continue to influence the broader market sentiment, adding uncertainty to gold’s performance. Resistance and Support Levels From a technical standpoint, the following levels are crucial: Resistance: 2667 (key level), 2675 (upper zone of interest), and 2692 (channel resistance). Support: The ascending trendline near 2656 acts as a critical support level, underpinning the bullish structure in the short term. Short-Term Outlook and Market Expectations In the near term, I anticipate an attempt to break through the 2667 resistance level. Should this breakout occur, gold may test higher zones of interest such as 2675 or even 2692. However, such a move would likely face stiff resistance, paving the way for a corrective phase. The interplay of technical signals and fundamental challenges makes the current price action intriguing yet uncertain. While the structure remains bullish in the short term, the broader picture suggests caution. A breakout above resistance levels might temporarily buoy sentiment, but without solid fundamental support, any gains could prove short-lived, leading to a sharp correction as the market recalibrates. In conclusion, while gold’s recent rise has sparked interest, it remains entangled in a web of conflicting signals. As traders navigate this challenging environment, all eyes will be on key resistance levels and the broader macroeconomic backdrop to determine the metal’s next move.
In a sleepless, feverish rant, an analyst pulls apart Bitcoin’s chart, connecting trend lines and exhaustion to warn us all: the crash to $81,000 isn’t a matter of if, but when. CRYPTOCAP:BTC.D CRYPTO:BTCUSD CRYPTO:NCTUSD COINBASE:NCTUSD Basic chart reading/technical analysis skills and eyeballs are necessary for this one... It’s 4 a.m., and Bitcoin’s trajectory looks as bleak as this analyst’s sleep schedule. With painstaking cynicism and a side of delirium, the speaker lays out a grim but inevitable fate for Bitcoin: a drop to $81,000. Bollinger Bands are rolling over, parallel trend lines are ominously aligning, and every signal on the chart screams “brace for impact.” Between sarcastic remarks and self-deprecating commentary, the speaker manages to deliver a clear message: Bitcoin is falling, fast. The market is driven by fear, greed, and habit, and this time is no different. Whether you want to panic sell or ride the wave down, just don’t say you weren’t warned. Key Bullet Points: $81K Is the Target: The speaker confidently predicts Bitcoin will hit $81,000 soon—possibly within the next 24 hours. Why the Drop? Bollinger Bands are flipping downward, trend lines are converging, and the price action screams bearish continuation. Crowd Psychology on Full Display: Fear, habit, and a love for “buying the dip” are pushing the market into predictable chaos. Exit Strategy or Bust: The advice is clear: sell now and buy back later. Or don’t. Just don’t complain when the charts do exactly what they were always going to do. Sleepless Warning: Delivered by someone too exhausted to sugarcoat it: “This isn’t rocket science. It’s gravity—and Bitcoin is succumbing to it.” I'd like to thank my best friend ChatGPT for taking this video and making a little bit of sense of it in this synopsis and bullet points. Ole ChattyGee is almost as smart as some people I know, so I'm not even gonna proofread it. That's all folks! Good night! Good morning! Whatever who cares!
Canadian dollar to Japanese yen exchange rate analysis Medium and long term time Elliott wave analysis style The market is forming a large ABC correction pattern that can be at the ceiling of wave B and enter a falling wave as wave C by maintaining the resistance of 110,000. First support ahead 108.250 The final support and target number is 105,000
Can the correction be over it looks as if we can see a reversal if this plays out and start are recovery. If we go below 100 we should she 80.00
MARKETSCOM:BITCOIN has currently tested resistance running way back. In terms of fib correction, timeline and correction to old resistance, it may be that we find some room upwards from here. This does not mean that we are going to break out to a new ATH here. We will most likely follow pennant until the 20th and then extend the breakout to fib 1,618 towards 130k for bitcoin. For now, I expect some upward movement again in the coming days. If you enjoy my charts and insights, you'll find even more exclusive content and analysis on X. By following me, you'll gain access to timely updates and can join a growing community of like-minded enthusiasts. Click the X logo below to explore and connect—we're building something amazing together, and I'd love for you to be a part of it! Be kind to the world and each other!
D1 = Swing Bullish / Internal Bearish H4 = Swing Bullish / Internal Bullish -> Pulled back to Internal strong low H1 = Swing Bullish / Internal Bullish -> Pulled back to Internal strong low M15 = Swing Bullish / Internal Bearish -> Pulled back to Swing strong low What you can do here: 1. Take the risk before the M15 internal switches bullish again 2. Wait for the bullish confirmation of the M15 internal break