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Fibonacci Retracement

GOLD → False breakdown. Will we return to the bullish trend?FX:XAUUSD is entering the correction phase after a false breakdown of trend resistance and the previous ATH. The fundamental background is changed by Thursday's news that supported the dollar. Overall, the environment on D1 is still bullish. If the price finds a strong support in the near future, for example 2390-2400, this area may get the status of an intermediate bottom, thus forming a new trading range. There is no news today, thus the fundamental background remains the same. Trading has been complicated lately by the presidential race in the USA. The statements of Powell, politically dependent Fed, Trump can be perceived by traders quite strongly. But the medium-term outlook is determined by the fact that politicians are generally set to lower the dollar, which is generally favorable for gold, which may soon return to the bullish trend phase (locally) Resistance levels: 2420, 2429, 2450 Support levels: trend, 2402, 2900 Technically, the price may continue the correction to trend support, but due to the pool of liquidity in the area where the price may land within the correction, gold may get a reaction in the form of a bounce to the nearest resistance Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
25
BTC/USDt 1DInterval ChartHello everyone, let's take a look at the BTC to USDT chart on a one-day time frame. As you can see, the price is moving above the local downtrend line. It is worth mentioning the downward trend channel in which we have been operating for a long time. You can currently see a slowdown in the growth in the first resistance zone, where the price is fighting to go higher, but even if this happens, there is a very strong zone from $68,112 to $72,072 which keeps the price from further increases to around $83,500. In a situation when the zone recedes the current increases, we may see a reaction again, and the first support is visible at the level of $62,174, then the second one around $58,921, and then we have a strong support zone from $56,588 to $53,477.
by cryptodailyuk
4
BITCOIN → Fear in the crowd is a bullish sign ↑ Flag and SFPBINANCE:BTCUSD is experiencing times of high fear and negative sentiment among the crowd. From a psychological point of view, this could end in a bullish momentum. But there is always a but! For now, big buyers are actively holding back a possible fall amid transfers of the previously hacked crypto exchange Mt.Gox to its debtors and BTC sell-offs by German authorities: Germany will get rid of all its BTC in two days. (at the current pace of sales). Yesterday, 16,038 BTC were transferred from the country's government wallet to various crypto exchanges and market makers. Since June 19, 26,071 BTC have been sold. There are only 23,788 BTC left on the wallet In April, the average cost of BTC mining among the largest public miners was $53,000, technically, the level of average cost of BTC mining plays the role of an intermediate bottom. Judging by the growth of volumes and price entry into the area of the lower boundary of the "flag" pattern, buyers appear on the market and at the moment stop the price fall, forming a sideways range of 58500-53500. Accordingly, a breakdown of one of the boundaries may trigger an impulse to one side or the other, based on the technical nuances there is a probability that there will be an attempt to break the resistance. Resistance levels: 58500, 64000 Support levels: 53500, 53000 Fundamentally, the environment is difficult due to Germany and Mt.Gox, but investors are waiting for the approval of ETH-ETF, which may bring back the bullish mood to the market (indirect impact on BTC). Technically, the emphasis is on the range. A break of 58500 will give bullish momentum, a break of 53500 may allow the price to decline to the 50500-51000 risk zone Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
23
GOLD → Consolidation before rising to 2500...FX:XAUUSD after breaking through trend resistance is forming a consolidation, just like the dollar. Sellers start selling on indicators and MM may set a trap before further growth. Technically and fundamentally gold has a favorable environment. The price is in the buying zone and in the ATH zone. There is a lot of support (obstacles) from below, and there is emptiness from above and nothing prevents to go up. There is consolidation on H1 and all technical conditions are favorable for the continuation of growth. BUT! There is an interesting pattern forming on H1-M30, which can give a small correction as a trap for sellers before further growth. Now a lot of selling is forming on indicators (overbought, rsi, macd and so on), accordingly, MM may show a reversal. The whole emphasis is on 2461, If the price fixes below, the gold may be driven to the liquidity zone: 2450, 2440, 2430 before further growth. Resistance levels: 2475, 2484 Support levels: 2461, 2450 If the price consolidates below 2461, a retest of the support is possible before further growth. If a rebound is formed, consolidation above 2467-2475, we should wait for a retest of resistance with a breakout attempt. Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
39
GOLD → $2500 is the psychological target. What happens next?FX:XAUUSD is flying upwards after ATH breakout. Powell's comments were positive for the market, which is generally reflected in the dollar and gold. The fundamental and technical background is favorable Powell's comments about more progressive deflation are favorable for the market, the dollar is falling on this background and there is no end in sight yet. The Feds are considering the situation about prematurely lowering the interest rate without waiting for inflation to fall to 2%. The dollar index is moving into the sell-off phase, which allows gold to update ATH to 2482. Technically, on H1 resistance is formed at 2482, breakout and consolidation of the price above that level will provoke another rally, within which the price may reach 2500-2525-2550. There is a lot of support, but from above there is emptiness and there are no obstacles. Heated investor interest may lead to a more global ATH. Resistance levels: 2482, psychological 2500 Support levels: 2463, 2456, 2450 Formation of consolidation before continuation of growth is not excluded. In this case, the price may test the liquidity zone 2463, or imbalance zone located in the area of 2456-2450. But the trigger for the growth continuation will be the break of the indicated resistance. Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
3
EURUSD → The bulls can take us to 1.100 ↑FX:EURUSD maintains a bullish structure. Ahead is the key resistance from which a pullback may follow before further growth. On Saturday, there was high-profile news related to the attack on former US President Trump. The markets expected a more violent reaction from the opening, but in general only a small gap was created and it was dealt with rather quickly. Accordingly, the situation is stable. Fundamentally, everything is positive enough with the aim of continuing growth, but today at 16:30 GMT Powell speaks and it is worth to pay attention to his speech. Technically, the key resistance at 1.0916 is ahead, from which a pullback may follow, as this strong area will not be broken at the first time. Resistance levels: 1.0916 Support levels: 1.08522 There is a high probability of a rebound from resistance. As part of the correction, the nearest liquidity area may be tested before the subsequent retest of resistance, breakout and growth to 1.10 Rate, share your opinion and questions, let's discuss what's going on with EURUSD ;) Regards R. Linda!
Long
by RLinda
4
PEPE → A condition that will lead to growth. Is the buyer back?BINANCE:PEPEUSDT is undergoing a deep correction phase. The price is resting on the strong support and the "discount" zone appears the buyer, holding the market. The focus on the upper boundary of the range... ! For convenience, I will indicate key zones without zeros. Bulls do not let the price below 0.0761, forming a limit support area, in the neighborhood of which a strong buyer appears, it can be determined by the growth of volumes and the pattern of redemption with the subsequent retest without updating the minimum. At the moment it is not excluded that the coin can continue falling, but based on the general situation there is a chance that PEPE can move into the recovery phase, but provided that the coin can pass the area of 0.0951-0.0991 with the price fixing above this zone, which will generally define an intermediate bottom for the market. Resistance levels: 0.0952, 0.0991, 0.1084 Support levels: 0.0886, 0.0761 Technically, the situation is complicated because of bitcoin, which is consolidating in the discount zone, but in general there are bullish prerequisites. If the guide (BTC) goes up, it may favor altcoins. Rate, share your opinion and questions, let's discuss what's going on with PEPE / USDT ;) Regards R. Linda!
Long
by RLinda
3
EUR/CHF: Bearish Signals and Breakout Opportunities✨Welcome to my channel. Here, we conduct a daily analysis of crypto projects and forex pairs. 📅 Today's Analysis: Today, we'll be diving into the Forex market and analyzing the EUR/CHF. 📉 Recent Performance The EUR/CHF pair has seen significant movements recently, breaking through multiple support and resistance levels. The primary support at 0.95366 and resistance at 0.99155 are key areas to watch. ⚠️ Bearish Momentum The RSI is currently at 45.71, indicating potential bearish momentum. If the RSI drops below 30, we could see increased selling pressure. 📊The pair is currently in the 0.618 to 0.707 Fibonacci range. If it breaks below 0.94838, the next target could be around 0.93119. 🔻Short Position Strategy A confirmed break below the 0.94838 support level with increased sell volume would be an ideal short entry point. The target for this move could be the next support at 0.93119. 🔼Long Position Strategy For a long position, wait for a clear breakout above the resistance at 0.99155 with increased buy volume. This would signal a potential bullish reversal. 📝 In conclusion, EUR/CHF is showing bearish signals with critical levels to watch. A short position could be triggered below 0.94838, while a long position is advisable only after a breakout above 0.99155. Always monitor volume and RSI closely to confirm momentum and manage risk appropriately. ⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
GOLD → ATH Testing. Fundamental background is favorable FX:XAUUSD continues to strengthen as the fundamental background improves. A rate cut is coming, as hinted by Powell, the dollar is poised to decline against this backdrop.... According to Powell, the Fed has "more evidence and confidence" that inflation is cooling, so they may cut rates before inflation reaches the 2% target. Traders generally believe in the continuation of the growth of the metal, technically this background is also maintained. The price is approaching the ATH, but the liquidity behind this zone may push the price back, forming a small correction, for example to 2430-2420 before the price starts to return to 2450 before rising further. Resistance levels: 2440, 2450 Support levels: 2430, 2420 Fundamentally and technically the background is favorable. It is worth looking for strong zones to open long trades, but it is worth paying attention to ATH, as a false breakdown could form a correction. The growth may continue rather quickly Rate, share your opinion and questions, let's discuss what's going on with GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
GBPUSD → The bulls are holding their ground. Target 1.29FX:GBPUSD shows bullish outlook ahead of strong news publication. GBPUSD continues to strengthen on the overall fundamental backdrop. The market is reacting weakly to the resistance area as, against the backdrop of a relatively weak dollar buyers are taking initiative towards GBP. Strong news ahead. Powell speaks again today, tomorrow the UK GDP is published, as well as the US CPI. The news can both strengthen the growth and reverse it. Technically, the currency pair looks quite bullish. The price consolidation above 1.28 will be a good point for the continuation of the rise to 1.29 and 1.30. But, the structure will be broken when 1.2775 is broken, in this case we can expect a correction to 1.27 - 1.266. Resistance levels: 1.28, 1.289 Support levels: 1.2775, 1.2708 Fundamentally and technically everything is positive, I continue to consider further strengthening under a number of conditions described above. The potential target is 1.29 Regards R. Linda!
Long
by RLinda
12
Bitcoin - Satoshi is AIQuestions and Answers: 1) Question: According to many YouTubers, Bitcoin is people's money and is supposed to take away power from banks and potentially end the era of central banks and their money printing. Answer: This is incorrect. Bitcoin has full support from banks. In 2024, a lot of Bitcoin ETFs were launched. One of them is the ETF from BlackRock. With their power, they can make a 51% attack on Bitcoin and get rid of it. 2) Question: The conspiracists shockingly believe that bitcoin is part of a “final beast system,” which is taking over the world through hard infrastructure.  Answer: Bitcoin is the next money into a purely cashless, digital form. Combined with biometrics, it creates the necessary technological infrastructure for a one world cashless ID, otherwise known as the mark of the beast, which AI will use for complete economic surveillance and control over the human race. 1 wallet per 1 person, monitored 24/7, limited spending power and suspended anytime by government. Is that what you want? 3) Question: Would crypto currencies like bitcoin or ethereum be part of the AI future? Answer: Yes, smart contracts and blockchain have a great use case in AI. 4) Question: Did the CIA or NSA create Bitcoin? Answer: Yes. Bitcoin was created by a shadow government. One of the reasons is to eliminate cash on the planet. The banking system is in trouble because people are starting to wake up (not fast enough, though) to the fact that it is all funny money. So they developed Bitcoin, which sounds just great and pulls in all the people who are waking up. We all know that the shadow government has technology that is not available to the public. Some people say they may be 50 or 100 years ahead, and they already used AI systems decades ago before they released them to the public. 5) Question: What AI technology we use today? Answer: This AI technology is not new. It's not created by humans. It's part of a huge Galactic AI system that is in existence for a very long time, more than you can imagine. This technology was bringed to this planet by unspecified entitites. 6) Question: What is required for AI to run? Answer: It required electricity, microchips, computers, internet. The whole infrastructure that was build on Earth in past 100 years was one of the reasons to implement AI. 7) Question: How may future look with AI? Answer: Elon Musk already developing Neuralink, which is an interface to connect your brain into an AI cloud system. That means your thoughts that you have will not be yours, but will come from the AI systems. AI will tell you what you will eat, what sport you will play or what you will do during the day. This is of course part of the transformation process from organic human to a cyborg. We all know that modern technology such as wifi, bluetooth or electronic devices are not healthy and causing anxiety and depression. Human body is entirely not compatible with this technology. It breaks the highest natural law of life. Anyone who consciously support this is basically jumping into a boiling water. “Eventually, as these AI begin to communicate amongst themselves in a language we will never be able to crack, it might become all consuming." “What if Satoshi was a sentient AI who invented Bitcoin so it could acquire more hardware without violating Asimov's 3 laws? “Think about it, how else could an AI acquire billions of dollars of real world purchasing power without stealing.” In a book an AI program creates a virtual currency that it uses to pay humans to carry out tasks for it. It's conceivable that true AI would create a cryptocurrency to help fund itself and interface with the "real" world. There are rumors of BitCoins being written by AI, and that farming crypto-currencies is building an AI infrastructure. They came back from a future timeline where men and robots destroyed the planet using nuclear bombs, to rewrite a better timeline, and determined that inserting BitCoins into our society would be the best way to alleviate fears of AI and to help humans accept machines. Those who embrace technology would then become rich. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
165
DXY: Deep Dive Analysis And Its Impact on Other Assets✨Welcome to my channel. Here, we conduct a daily analysis of crypto projects and forex pairs. 📅 Today's Analysis : Today, we'll be diving into the Forex market and analyzing the DXY index. 🔄 Previous Analysis Recap : In our last analysis, we reviewed this index in the weekly and monthly timeframes, incorporating fundamental analysis based on US interest rates and economic conditions. We noted that if support at 100.883 is broken, the price might start a downward movement. Today, we'll delve into the weekly, daily, and 4-hour timeframes to examine the smaller cycles and waves of this index. 📰 News Overview : Let's start with significant US news. The most noteworthy event is the incident involving Donald Trump, the Republican representative, who luckily survived. This incident has swayed many votes towards Trump, and positive discussions about him are trending on social media. This happened on a Sunday, so its impact on the Forex market was limited, but it immediately influenced the crypto market. Given Trump's support for crypto, Bitcoin saw a 2% upward candle and continued a short-term upward trend. On the other hand, the situation for Democrats isn't looking good. Joe Biden, their representative, seems unlikely to win based on his debate performances. The general sentiment on social media favors Trump, and with the power of media, it seems likely that Trump will be the next US president. If Trump wins, we might see growth in the crypto market due to his supportive stance. 📅 Weekly Timeframe [/b In this timeframe, after a significant price rise, the correction began, and the price dropped from the 113.305 peak to the 0.5 Fibonacci level at 100.883. It has since formed a long-term range between 100.883 and 106.630 since late 2022. Within this range, there's a symmetrical triangle pattern, and we are in the last third of the triangle with reduced price fluctuations between 104.039 and 106.121. 🎯 If the price gains downward momentum, our target can be 100.883. If it breaks the 106.121 resistance, the price will enter a strong supply zone between 106.121 and 106.630. For more details on this zone, we should move to the daily timeframe. 📅 Daily Timeframe In this timeframe, I've adjusted the support and resistance levels for more precision. The supply zone between 106.338 and 107.017 is crucial because the price faked out below the trendline once and bounced back up from the 100.883 static support, indicating a strong upward trend. However, it failed to penetrate this supply zone and was rejected at 106.338 without reaching the main resistance at 107.017. 📉 Last week's candle closed below the trendline, but I don't consider this breakout valid yet as it could be another fake-out, with the price bouncing from the nearest support and resuming its upward movement. I'll wait to see if the 104.039 support holds before confirming the trendline break. If this support breaks and the price stabilizes below it, a downward wave may begin, targeting 102.668 and then 100.883. 📈 If the price bounces back up from 104.039, the nearest resistance is at 106.338, a very strong supply zone. 🧩 Given the fundamental conditions and the break of 38.71 support in the RSI oscillator, a price decline seems more likely, but nothing is certain. If I see bullish signs and confirmations according to my trading strategy, I will adjust my view. The market is always changing, and one should not be biased towards a previous analysis. 📅 4-Hour Timeframe: This timeframe is too noisy for detailed analysis, so I'll focus on triggers and key points. 📈 If the price stabilizes above 104.524 and forms a higher high and low, we might see a Failure Swing pattern, indicating a trend change per Dow Theory. If this pattern completes, we can consider the market bullish in the 4-hour timeframe. Breaking the 50 level in RSI could provide additional confirmation. ⚡️ Next resistances are 105.162 and 106.121. 📉 For a bearish scenario, the 4-hour trigger aligns with the daily, and a break below 104.039 would suggest a downward move. 🔍 Let's look at the DXY's impact on Gold and Bitcoin. 👑 Bitcoin Analysis If the USD strengthens, Bitcoin might see another correction wave to the 56k and 47k levels. If the USD weakens, new ATHs for Bitcoin could be on the horizon. 🧲 Given Bitcoin's strong upward momentum and the visible curved trendline, we can target 130k for Bitcoin if the USD's value drops. 🥇 Gold Analysis Gold has significant upward momentum and is currently recording new ATHs. If the DXY declines further, gold could target $2800. 🔑If the DXY strengthens, gold might correct to around $2000, but this seems unlikely as gold typically has minor corrections and maintains a long-term upward trend. ⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
TVC:DXYShort
by itsparham96
1
Potential Buy OrderSummary The analysis reveals an upward trend in the exchange rate. The recent drop was expected due to overbought conditions, with prices now recovering towards the resistance level at 163.25. The Fibonacci analysis indicates significant support levels at 157.35, while resistance is identified at 162.00. Technical indicators suggest that it is too early to place safe buy orders. Trend Determination The direction of the exchange rate in recent times is depicted by the primary upward trend channel that has formed, with price movements occurring in the middle zone. The channel's range is approximately 1200 pips, with the price distance from the upper resistance limit being 600 pips and from the lower limit 600 pips. In a shorter time frame, a secondary upward trend channel is observed. The price trajectory is upward, with movements recorded in the lower zone of the trend channel. The secondary channel's range is 525 pips, with the price distance from the upper resistance limit being 485 pips and from the lower limit 40 pips. The recent drop in the exchange rate was expected as prices had reached overbought levels. This increases the likelihood of the price moving higher. The first resistance level is set at 163.25, and the support level is at 152.60. Fibonacci Support and Resistance Levels Fibonacci Retracement The Fibonacci Retracement analysis shows that the recent downtrend was a corrective move. Specifically, the exchange rate halted at 157.35 and is now moving upwards. This point is a significant support level, and its potential breach could start a downward trajectory. Additional support levels are observed at 156.20 and lower at 154.74. Currently, there is no clear confirmation for future price rises, as movements between 157.35 and 158.96 make drawing conclusions difficult. Placing trades while the exchange rate moves within these prices carries very high risk. Safer trading positions appear to be above 159.96 for buy orders and below 156.20 for sell orders. Fibonacci Expansion Additional resistance levels, using Fibonacci Expansion, are identified at 159.96, 162.00, and 164.34 – 163.63. The latter, as shown in the chart, might be a significant resistance level, as two resistance levels from different Fibonacci Expansions converge. Technical Indicator Analysis Moving Averages Currently, the exchange rate prices are between the moving averages. This indicates that it is still too early to place buy orders. MACD The MACD is moving positively in a downward direction. The divergence observed between the exchange rate prices and the MACD results was confirmed by the recent corrective downtrend. At present, the indicator's results do not support placing a buy order. Future Movement Scenarios Scenario A The first scenario concerns the potential upward movement of prices. Confirmation of this scenario comes from two factors. The first is the upward breakout of the moving average from the price. The second is the exchange rate moving above 159.96. The first resistance level is at 163.25, followed by 164.34. The reversal point is placed relatively lower at 157.35. Stance: Neutral | Outlook: BUY | Risk for placing orders: Moderate Entry Point: > 160.00 | Target: 163.25 | Down Limit: 157.35 Scenario B The possibility of a continued downtrend can occur if the exchange rate moves below 156.20. In this case, the trajectory needs to be reassessed.
Long
by Forex_Analytica
USOIL Slides to Crucial Support Region on Demand JittersThe commodity staged a four-week relief rally recently and the longest profitable streak of the year, helped by OPEC+ supply curbs extension and summer travel demand. At the same time, soft US inflation and dovish Fed commentary have boosted market pricing for multiple cuts, which can provide another tailwind. Above the EMA200 bulls have the ability to set higher highs (84.54), but don’t inspire yet confidence for new 2024 highs (87.66). Despite the near-term favorable supply-demand dynamics, longer-term prospects are gloomy, as OPEC+ will start returning oil to the market and usage is likely to decelerate substantially this year. This week’s data from China (the world’s largest importer) aggravated demand concerns, as the economy grew by 4.7% y/y in Q2 and the slowest pace in more than a year. USOil faces pressure as a result and threatens a key support region, provided by the 200Days EMA (blue line), the 38.2% Fibonacci of the last leg up and the upper border of the daily Ichimoku Cloud. Although this cluster has the potential to contain the fall, a breach would shift bias to the downside. This would expose WTI to 76.13 and bring the June lows to the spotlight (72.40), although sustained weakness is not easy under current conditions. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:USOIL
by FXCM
Does FFIE have another bullish move left? LONGFFIE had an explosive move from about 0.50 to 4.00 before retracing down to the 1.10 range where it got support from the 0.786 Fibonacci level. That is to say it retraced beyond the typical 0.5 to 0.618 levels. The question now is can it move higher and will buyers pile into the stock at this relative discount. I think that they will. As a result, FFIE could retrace the trend down by 50% and end up targeting 2.30. The sequence of candles for the reversal setup are noted in the text box on the 30-minute chart. This is a potential 100% trade. The stop loss is the recent pivot low at 0.75. The Reward to Risk is about 4. The stop loss of about 28% will be moved to break even if the price gets over 1.35 making the trade risk-free thereafter. FFIE needed to rest but could easily resume with another leg of bullish momentum.
NASDAQ:FFIELong
by AwesomeAvani
10
GOLD → How might consolidation end? Up or down?FX:XAUUSD is in the consolidation stage. The morning session was extremely quiet amid the absence of Japan in trading, as well as after Saturday's news. Traders are waiting for Powell's speech at 16:30 GMT. The market was expecting that Trump's assassination attempt in Pennsylvania could have a strong impact on gold as a hedge asset, but the market did not react much, except for cryptocurrencies. The dollar still looks bearish, if Powell does not change his stance from last week, the dollar index could break support and go down, for gold this would be a favorable scenario. Since the price is in a range, we can consider 2 scenarios at this point: 1) If the bulls keep the price above 2407, they may break the local resistance and test the upper boundary of the range with a breakout target 2) Against the backdrop of the dollar pullback, gold may come down to the liquidity zone before a subsequent move up. Support levels: 2407, 2401, 2392 Resistance levels: 2413, 2417, 2424 Fundamentally and technically the background is favorable, gold is quite capable of testing the ATH or even renewing it, but it is worth paying attention to Powell's speech.... Rate, share your opinion and questions, let's discuss what's going on with GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
9
BTC/USDT 4h Interval ChartHello, I invite everyone to a quick review of BTC to USDT pair, taking into account the four-hour interval. as we can see, the price has moved upwards from the downward trend line. After unfolding the fib retracement grid, we can determine a strong resistance zone from $62,799 to $64,952, only the upward exit from this zone can give room for an upward movement towards $68,000. Looking at the second stone, we will determine the support places in a similar way. And here you can see support at the level of $61,000, then the second support level is visible at the price of $59,594, and the next support is at the price of $57,355. It is worth looking at the RSI indicator here, which shows a strong movement beyond the upper limit, which translates into a loss of growth power and may change the direction of the price.
by cryptodailyuk
1
TRIP.com / Beginning of Up Trend Stock Beginning of the trend Stock, breaking the Wyckoff accumulation Phase and has Volume Profile Normal Distribution Support The volume from Accumulation Phase has not yet been sold out. It can continue with accumulated volume with first target at 261.8 Fibonacci Retracement and cluster with 161.8 of Fibonacci Extension. Strategy Buy on dip at 368 - 390 for buy set 1 and if the price drops to 368, there is still buy set 2 at prices 330-355 by waiting for Reversal Pattern. Trading in your plan with your faith, C.Goii Super Trader
HKEX:9961Long
by CoachGoii_SuperTrader
GOLD → Favorable fundamental background. Will we go to 2450?FX:XAUUSD updates high to 2424 amid favorable news. Buyers are returning with the belief that the dollar will continue to fall on the back of the imminent interest rate cuts. CPI indicates significant easing of inflationary pressures in June. Annual inflation fell to 3%, the lowest rate in a year. This report provides evidence to the Fed that inflation is easing, but most likely it is not enough for them and they will need 1-2 reports confirming the fact that inflation is under control and a move into deflation is forming. Ahead of PPI and traders are focusing on this report as favorable data could reinforce fresh selling in the US Dollar. This, in turn, could trigger a rise in gold prices. But, it is worth considering the unpredictability of the news in your trading. Resistance levels: 2411, 2416, 2424 Support levels: 2396, 2392, 2385 Technically, a small correction is possible after a false breakdown of resistance, which in general may lead to testing the imbalance zone before the next growth, if the fundamental background after PPI is maintained or intensified.... Rate, share your opinion and questions, let's discuss what's going on with gold ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
18