USDJPY: Strong recovery from 143.00Ben, hello everyone! Let's dive into today's USDJPY analysis with Ben!
USDJPY is in an uptrend today, currently trading at 143.95, up 0.29% on the day.
With USDJPY continuing to trade steadily at this positive level, the resistance level of 144.50 will be set as a short-term target, before potentially reacting and testing the price level of 143.00, forming a trend line and using it as strong support for further increases in the medium and long term. The current expected price levels are at the round level of 145.00 and 146.00 respectively and even the upper trend channel limit at 147.00.
Wishing you all profitable trading!
Longsetup
10/2 XAU | USD increased by war conflictXAU / USD trend forecast October 2, 2024
Iran launched ballistic missiles at Israel on Tuesday in response to Israel's actions against Hezbollah in Lebanon, boosting demand for safe-haven gold. Israeli Prime Minister Benjamin Netanyahu vowed Iran would face consequences, while Iran warned of massive destruction in retaliation, escalating the risk of a wider Middle East conflict. Meanwhile, the US JOLTS report revealed a surprising rise in job openings for August, reaching 8.04 million.
/// BUY XAU : zone 2635-2637
SL: 2629
TP: 50 - 100 - 300 pips (2665)
Safe and profitable trading
BTC ANALYSIS (Update)🔮 #BTC Analysis - Update 🚀🚀
💲 As we said earlier #BTC performed the same. More than 8.65% done move done in #BTC. Now we can see that there is a formation of Descending Broadening Wedge Pattern in #BTC and we can see a more retest before a pullback.
💸Current Price -- $60760
📈Target Price -- $66000
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#BTC #Cryptocurrency #Breakout #DYOR
Amazon $AMZN - Next leg up??There is a 3 day time at mode bullish trend thathas just been triggered and is set to expire on Oct 7.
Ideal re-entry upon a retrace toward mid $170's or upon a bullish break above $190.
Weekly timeframe had a massive bullish engulfing bar on last week's close which adds confluence.
GBPJPY - ContinuationGBPJPY . Potential continuation from the previous analysis.
We believe that GBPJPY will continue to the upside if it manages to break 193.290 .
KEY NOTES
- GBPJPY has fallen to our PBA.
- KL 192.00 was broken.
- Break above 193.290 would confirm higher highs.
Happy trading!
FxPocket
You can check our last analysis posted on GBPJPY for better understanding.
$TNSR/USDT.p possible start off a parabolic move?this could be the start off a possible parabolic move also on TNSR/USDT.
between the 0.5 and 0.618 there is a FVG. its possible to suddentle start moving fast since its going really slowly up since last month.
please some feedbak=ck on this one.
cheers!
XAU/USD: Ready for a Strong Breakout?The XAU/USD chart is painting a promising picture as gold prices hover around $2,660.630. With solid support from the EMA 34 ($2,648.177) and EMA 89 ($2,613.679), buyers currently hold the advantage in maintaining the upward momentum.
All eyes are now on the key resistance level at $2,687.072. If buyers manage to push the price above this mark, gold is likely to continue its rally, reaching new highs and offering significant opportunities for traders.
However, the market remains highly sensitive to economic news from the U.S., especially the upcoming moves by the Fed. These factors could have a strong impact and dictate the future direction of gold prices.
Will gold overcome the resistance and break higher, or will it turn back and correct? The next moves are eagerly anticipated!
Put Your Speculators On!This head and shoulders pattern could be just pure speculation at this point. In fact, let me reword that.. this IS speculation based on the fact that I missed the lows and psychologically, I'm really hoping this comes back to shore so I can get back on the boat with everyone else.
I do however do my technical analysis in advance and set alerts at levels like you should do and if it plays out then great if not there's always the opposite idea too. We move onto the next one.
For now though what I'm looking at is BITGET:ADAUSDT.P has closed the daily candle back inside the value area high ( VAH ) of the range they just left. I am now in a waiting game to see what happens with the second candle close but we just had a 7.5% drop from that value area high (white dots) and the weekly level.
The purple line is the previous Monthly VWAP (volume weighted average price) which when you go down to a lower timeframe it's actually touched (Just doesn't look like that here).
The yellow line is the previous Weekly VWAP which we had confluence with at the weekly level and the value area high and also back tested a couple of hours ago.
The blue bars are to show the 21% from the top of the head down to the neck of the head and shoulders pattern and then a repeated 21% from the neck to complete the pattern right into a point of control ( POC ) from a very high timeframe, I'm talking years.
If we start to lose some levels here like $0.35ish and back test it, I'll probably just wait to lose the POC and then see if we get the drop down into that area of confluence below at around $0.26.
I'm far too broke to be gambling so I'd rather wait and reward myself with a little bit of patience, who knows, it could just happen quickly but “Uptober” isn’t starting off that well so far.
I won't be looking for any long trades unless we can reclaim that weekly level and value area high. Targets would be the weekly level above with confluence from the high timeframe value area high and anchored VWAP from the all-time high (Green line).
This is not financial advice. This is just an idea and some slight education to put out there for anybody that's feeling a little bit lost about what they're seeing on the charts.
GBPUSDGBPUSD . Potential long opportunity.
We believe that GBPUSD could continue to the upside after coming down to our PBA (Pull Back Area). Our entry is sitting at the pullback area at 1.33223 . We are looking for breaks of 1.33493 and 1.33813 which would confirm our target 1.34228 where our TP is sitting at (top of the consolidation area) . Our SL is sitting at 1.32712 and if broken, it would result in deeper pullbacks down to 1.32600 - 1.32200.
On the other hand, we might make the most out of it by trading the break below to the targhets mentioned above. Stay adaptive!
PARAMETERS
- Entry: 1.33223
- SL: 1.32712
- TP: 1.34228
KEY NOTES
- GBPUSD has fallen to our PBA.
- Break above 1.33493 and 1.33813 would confirm higher highs.
- Break below our SL would result in deeper pullbacks.
- We are moving in a consolidation
Happy trading!
FxPocket
ILVUSDT LONG IDEA1. There is a 98% drop in the main trend, then there is a “time selection”. The formation starts at $55 and lasts for 747 days.
2. In the secondary trend we can see that the accumulation range is getting higher with each rise, after the formation of the descending wedge, each wedge worked out, now with a high probability will be the same, All targets are indicated on the chart.
XAU/USD: Break $2,679 or Retrace?The XAU/USD chart shows gold hovering around $2,649, with key support at $2,623 and $2,649.
The EMA 34 ($2,643.988) and EMA 89 ($2,607.307) provide strong support, maintaining the bullish momentum.
The main focus is on the resistance at $2,679. If the price breaks above this level, the upward trend is likely to continue.
However, if unsuccessful, gold may correct toward lower support levels.
The market is also awaiting key news from the U.S., which could significantly influence gold’s direction in the near future.
XAUUSD: 500 pip trading strategy!Dear friends, XAUUSD continues to gain some recovery momentum as it has reclaimed 2625, but the main trend and the long-term trend are still moving in a bearish direction from the head and shoulders perspective.
In the short term, the price is approaching 2650 and XAUUSD is approaching the neckline limit. And the bearish pattern is expected to continue to strengthen in the near term, as shown by the unchanged 34.89 EMA, the target is the support levels of 2605 - 2600.
And you, how do you think XAUUSD will move in today's trading day!
Gold price may break through to 2700Gold extended its decline after hitting a record high, currently trading around $2,650. However, the precious metal remains in an uptrend on a short, medium and long-term basis, and since the basic principle of technical analysis is that “the trend is your friend”, the odds are in favor of further upside for the yellow metal.
Support levels to watch are: 2,650 - 2,644
Resistance levels to watch are: 2,670 - 2,680 - 2,700
NVDA BOOM!?As posted in recent weeks, NVDA’s stock price continues to move higher after bottoming out in the lower $100 range. This was a liquify grab meant to shake out weak hands. We broke through the price of $126 this past week, and then dropped lower to $120 support. I believe now is the time to buy NVDA with an overall target goal of $138 or higher.
This is just a prediction. Good luck!
IOST ANALYSIS🔮 #IOST Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #IOST. It's a daily time frame breakout and it's a retesting time. After the retest we would see a perfect bullish movement📈
💸Current Price -- $0.00545
📈Target Price -- $0.00965
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#IOST #Cryptocurrency #Breakout #DYOR