Hello, FX:USDJPY has closed below the 1W pivot point (PP). If the strong 1W support at 156.892 turns into resistance, the pair could move toward the 1M pivot point (PP). If these conditions are met, a significant downside move may be on the horizon. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
it could be a trap for altcoins as we are in a Rising Wedge but stars seems to be align for a Huge pump ! ETH on BTC ready to go when BTC D is slowly falling down on the FVG, just gotta be careful for mega dump; we are in a balanced market mostly underneath while they are just under liquidations pools
FX:EURUSD in a strong downtrend, the market has just set a new local low with no signs of stopping. What lies ahead? The Euro is under significant pressure against the strength of the US dollar, which has been bolstered by the aggressive economic policies from the Trump era. The rising greenback has not only diminished the Euro's appeal but has also added further turbulence to the forex market. Under current conditions, the 1.1000 level has emerged as a critical point, drawing significant attention from major institutional players in the market. Resistance levels: 1.033, 1.0448 Support levels: 1.000 From both a technical and fundamental perspective, the outlook remains weak. As such, emphasis should be placed on strong resistance levels where the downtrend is likely to resume.
Mana price seems to be reacting to the bottom of this ascending channel. Mapping out potential bullish scenario (based on historic price patterns) and also a bearish scenario if price breaks down.
Based on the chart, the market appears to be in a prior downtrend, evidenced by the formation of lower highs and lower lows. However, there are signs of a potential reversal as the Sell Side Liquidity (SSL) levels have been swept, suggesting a possible shift in momentum. Key Buy Side Liquidity (BSL) levels above the current price, such as $25.373, $28.324, and $30.121, present potential targets if the price starts to move upward. The Fibonacci retracement levels indicate $30.06 (0.618) as a significant resistance area, with $28.34 (0.5) as another notable level for profit-taking during an upward move. There are two potential entry points: Entry 1 at $22.045 and Entry 2 at $21.916, both positioned near strong support levels. Traders could consider waiting for the price to retrace to one of these levels before entering a long position, targeting the BSL zones above. If the price manages to break and hold above the SMA 13 (yellow line), it may signal the beginning of bullish momentum. A stop loss below the last SSL zone would help mitigate risk in case of further bearish continuation. NFA, DYOR
Hello, today we will take a look at the latest developments in the gold market and the factors that are significantly impacting the price of this precious metal. Gold prices have reversed, with spot gold dropping by $19.8 to $2,638.2 per ounce. The strengthening of the USD during the last trading session of the first week of 2025 has put pressure on gold, pushing the precious metal further away from its three-week high reached in the previous session. Additionally, the US Dollar Index has recorded its strongest weekly growth since mid-November, making gold, which is priced in USD, less attractive to holders of other currencies. One key factor driving the strength of the USD is the proposed tariffs by President-elect Donald Trump. These policies not only boost the US dollar but also create significant pressure on the metal markets. The proposed trade tariffs could affect most metals, and a slowdown in global trade, which often accompanies economic weakness, could reduce demand for precious metals. Looking at the current chart, I believe gold may continue to decline. The nearest support level is at $2,640, and if gold fails to maintain this level, it could continue to fall towards the target of $2,575. However, if gold recovers slightly and holds the $2,640 support, a small bounce back might occur, pushing gold towards the resistance level at $2,670. Investors should closely monitor the impact of tariff policies, USD fluctuations, and market signals to adjust their strategy accordingly, with a suggested stop loss at $2,620.
The chart speaks for itself. Show some love if you like.
?? In this video, we take an in-depth look at DOGE. The analysis reveals that DOGE has broken market structure with significant momentum, suggesting strong institutional interest. We explore key support and resistance levels, identify areas of liquidity, and discuss potential trade opportunities. As always, this content is for educational purposes only and should not be considered financial advice. ?
Wolfe wave pattern: buy after wave 5 breaks up bottom trendline....
chart indicators suggest downwards movement, curve works with upward leg