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Technical Analysis

TradeCityPro | NZDJPY Weekly Close and Key Outlook👋 Welcome to the TradeCityPro channe l! Let’s quickly analyze the current NZD/JPY setup as the market closes and prepare for an important upcoming week. 📉 F undamental Outlook NZD/JPY has been under pressure, with the RBNZ maintaining a dovish stance amidst an economic slowdown, while the JPY gains strength due to potential BoJ tightening and safe-haven demand. 📊 Weekly Chart Insight The pair rejected 99.090 and moved down toward the 87.093 support zone before bouncing back to 91.864, marking a pullback. Recent weekly candles with upper shadows indicate strong seller dominance and lack of buyer momentum. Continuation of this pattern could increase the likelihood of breaking 91.864 resistance. 📅 Daily Chart Perspective Price is consolidating between 90.095 and 91.892, reflecting indecision among traders. We remain breakout-focused: Above 91.892 signals a bullish continuation , Below 90.095, support levels at 88.862 and 86.680 come into play. Stay tuned for updates, and let us know your thoughts on the week's outlook! 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
1
Beautiful $SPX price action, ascending triangleLONG TERM TREND: Neutral/Bearish TIMEFRAME: Intraday What a textbook ascending triangle pattern we're witnessing on SP:SPX today! 👀 Price action has been absolutely pristine, giving us multiple touches on both the ascending support trendline and the horizontal resistance. Each bounce off support has been getting progressively higher, while sellers continue defending that key overhead level - classic ascending triangle behavior. The swings within this pattern have been a trader's dream - offering clean entries and exits for those playing the range. We've seen buyers step in with conviction at each test of the rising support, leading to predictable bounces. However, there's a concerning development here... While ascending triangles are typically considered bullish continuation patterns, the momentum on each bounce is getting noticeably weaker. Volume has been declining throughout the pattern formation (a bearish divergence), and the last two tests of resistance showed significant rejection wicks. If this declining momentum continues, watch for a break below the ascending support line. Such a break would likely trigger a cascade of stops and could lead to an accelerated move lower. Key levels to watch would be 5950, 5940 and ultimately 5925. Remember to always manage risk and size positions appropriately. No pattern is guaranteed to play out as expected. What are your thoughts on this setup? #SPX #TechnicalAnalysis #ChartPatterns
CAPITALCOM:US500
by TradeSniper_com
1
TradeCityPro | XAIUSDT - Buying Opportunity for a New Coin👋 Welcome to the TradeCityPro channel! Let's dive into XAI and analyze its technical structure, entry points, and potential scenarios. 🌍 Bitcoin’s Impact on Altcoins Bitcoin has set another new high since yesterday, attracting global attention. Its dominance in the global financial system now surpasses major banks like JPMorgan Chase, Bank of America, and ICBC China. However, Bitcoin's dominance has started to decline on lower timeframes, creating opportunities for altcoins to rise, as mentioned in our previous analysis. 🕒 Weekly Timeframe Analysis XAI has retraced nearly 90% from its ATH, typical for newly listed coins. These large corrections often result in the formation of accumulation boxes, where the price consolidates for an extended period. With the current weekly candle nearing a breakout from the accumulation zone, there’s potential for an uptrend to begin. If this breakout fails, a stop-loss near 0.1680 can minimize losses. Buy if the weekly candle closes above the current range , Set a stop-loss at 0.1680 for better risk management , Utilize XAI in DeFi platforms after a breakout for additional yield opportunities. 📆 Daily Timeframe Analysis XAI remains range-bound between 0.1699 and 0.2583, showing clear signs of accumulation. Higher lows indicate buying strength and the absence of strong sellers. Each test of resistance (0.2583) is accompanied by increased volume, signaling interest from buyers. After breaking 0.2583, consider a spot buy with a stop-loss at 0.2142 for a riskier but calculated entry. ⏱ 4-Hour Timeframe Analysis sharp upward move has brought the price close to 0.2497, where immediate resistance lies. 📈 Long Position: Buy after a confirmed breakout above 0.2497. Watch for RSI to enter the overbought zone, as this often precedes sharp upward moves. 📉 Short Position: Avoid shorting. Instead, wait for corrections and look for long opportunities at lower entry points near 0.2102. 🔄 XAI/Bitcoin Pair Analysis The XAI/BTC pair shows a downtrend but with significant weakening momentum in recent times. On lower timeframes, the pair may begin a new uptrend, which could result in faster and sharper moves in the XAI/USDT chart. Break and confirm above 0.00000299 on the XAI/BTC chart to signal a stronger bullish move. 📝 Final Thoughts XAI is showing promising signs of an impending breakout on multiple timeframes. Monitor key levels closely and manage risk with appropriate stop-loss settings. This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
10
ETHUSDTBINANCE:ETHUSDT After making a strong rebound from the well-tested support zone around $3,000, Ethereum has demonstrated impressive resilience, steadily climbing through key resistance levels. It is now trading around $3,372, with the focus on a critical trigger point near $3,445.63, which could pave the way for a significant rally. Personal Insight: Since the price is reacting around a strong resistance level, there is a high probability of a pullback to attract liquidity from buyers before the price is expected to continue its upward movement.
Long
by JerrytradingCR
Gold: Structure change ... The focus is the speech of the FedHello, dear friends, Ben here Gold prices are surging strongly after breaking through the resistance channel at 2650, as investors turn to this safe haven amid heightened geopolitical uncertainty due to escalating Russia-Ukraine tensions. It’s evident that geopolitical tensions have heightened interest in safe havens, including the yellow metal. However, this inverse correlation has resurfaced in recent weeks, and the strength of the dollar is likely to hinder gold's momentum moving forward. All eyes are on several Fed officials scheduled to deliver speeches this week. Market expectations for a December rate cut have dropped significantly, with current odds at 55.7%, down from 82.5% just a week ago. From a technical perspective, gold has confirmed a trend and shifted sentiment, giving us a major movement to follow in shaping our trading decisions. A false breakout around the local resistance level at 2643 is forming. Price consolidation above this area could trigger further bullish momentum. However, I haven’t ruled out the possibility of a fake move around 2622 to accumulate before a stronger rally. What are your thoughts on this?
OANDA:XAUUSDLong
by Bentradegold
1
Gold: Uptrend to continue from 2650...Hello everyone, Tom here! As I predicted earlier, gold is becoming more attractive after the dollar entered a consolidation phase... currently at $2657. Accordingly, expectations of additional stimulus measures from China also supported the growth of the metal's price. The focus this week remains on the Fed's speech after signals that tensions in the Middle East are easing a bit. From a technical perspective, gold investors need to watch the range around $2650. Because Since the opening of the session, the price has increased quite strongly, which increases the resistance to stop this increase at the next resistance level. I am assuming its formation With wave 5 and the priority is to target profit taking at 2685 - 2700 respectively.
OANDA:XAUUSDLong
by TomtradeFX
2
GBPUSD: Sell Positive. Emphasis on 1,262FX:GBPUSD falling and reaction to the "flag" model. The price is checking the strong support level around 1,262 ... The basic context still supports the dollar. Theoretically, the currency briefcase after breaking the channel increases, the price has formed a adjustment and now is decreasing. The areas of interest in our case may be 1,260, 1,257, 1,252. Basically, the trend of this pair of money may be due to the weaker US dollar and the market environment is psychologically avoiding risks. Traders are still cautious in the context of geopolitical tensions and mild economic calendar. Fedpeak is noticed. There is no news until the Fed speaks, so the basic context remains the same. The market may stop and go into the consolidation process, but with the high possibility that the decline after a breakthrough 1,262 will continue ...
Short
by Bentradegold
1
Tech on the Edge: SMH vs. QQQ Signals Caution Amid Bull MarketIntroduction: While we remain enthusiastic about the strength of the current bull market, emerging signs of stress in capital flows warrant a closer look, particularly in the tech sector. One key metric to monitor is the ratio between semiconductors (SMH) and the Nasdaq 100 (QQQ). This ratio acts as a barometer for tech sector health: when SMH outperforms QQQ, it indicates a risk-on environment; conversely, QQQ outperforming SMH raises caution flags. Analysis: Tech Sector Barometer: The SMH-to-QQQ ratio has historically been a reliable indicator of momentum in the tech sector. Outperformance by SMH reflects strong demand for semiconductors and broader tech health, while underperformance signals potential concerns. Emerging Concern: Currently, we’re observing the potential development of a rounding top formation in the SMH-to-QQQ ratio. While this formation isn’t confirmed, a breakdown below key support would validate it, signaling broader weakness in the tech sector. Critical Inflection Point: For now, chip bulls must take control and push this ratio higher to maintain sector strength and prevent a broader pullback in the market. Failure to do so could signal a shift in sentiment and increased vulnerability in tech stocks. Conclusion: The SMH-to-QQQ ratio is at a critical juncture, with the potential to dictate near-term momentum in the tech sector. While the bull market remains intact, any confirmed weakness in this ratio could signal broader vulnerability in tech stocks. Will chip bulls step up to defend the sector, or are we on the cusp of a pullback? Share your thoughts below! Charts: (Include relevant charts showing the SMH-to-QQQ ratio, the potential rounding top formation, and key support levels) Tags: #Semiconductors #Nasdaq #TechSector #SMH #QQQ #MarketTrends #TechnicalAnalysis
NASDAQ:SMH
by Richtv_official
TradeCityPro | NIKKEI 225 Market Trends and Key Levels👋 Welcome to the TradeCityPro channel! Today, we’ll analyze the NIKKEI 225, the stock market index for the Tokyo Stock Exchange, identifying key entry and exit points. 🌏 Overview of NIKKEI 225’s Recent Movements Recently, the NIKKEI 225 has experienced volatility due to: Concerns over tech stocks - Yen appreciation. - Possible interest rate hikes by the Bank of Japan , Declines in major stocks like SoftBank and Tokyo Electron have contributed to recent drops. On the other hand, indices like the Hang Seng in Asia have performed better, supported by positive news about stock buybacks, highlighting contrasting trends in regional markets. 🕒 Weekly Timeframe Analysis The primary trend remains bullish but shows weakness due to rejections near the key resistance at 41,185. However, the formation of a higher low indicates weak sellers and supports a longer-term bullish outlook. As long as the price stays above the curve line and critical support at 33,903, the bullish trend remains intact , Breaking 41,185 would confirm a new primary uptrend. 📆 Daily Timeframe Analysis On the daily chart, a rejection from the 40,104 resistance has led the price to consolidate within the range of 37,367 to 40,104. This rejection has formed a Double Top pattern, a bearish structure. Target for this pattern: After breaking 37,367, the price may drop towards 35,152. ⏱ 4-Hour Timeframe Analysis The price is currently in a range box, resting on critical daily support. If this support at 37,747 breaks with selling pressure, a move towards 36,677 is likely. 💥 Short Trigger: Confirmed break below daily support at 37,747 , Alternatively, a rejection from the trendline could also trigger a short position. 📈 Long Trigger: If the price finds support and moves upward, breakouts above the trendline and the trigger level at 38,466 can confirm a long position. 📝 Final Thoughts NIKKEI 225 remains in a pivotal zone, with key supports and resistances guiding potential moves. Ensure proper risk management and monitor price action at critical levels for optimal trade entries. This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
SPREADEX:NIKKEI
by tradecitypro
5
TradeCityPro | Solana Ready to Rise or Follow BTC.D ?👋 Welcome to the TradeCityPro channel! Today, we’re diving into an analysis of the popular coin, Solana, reviewing past entry points, and scouting for new opportunities in the potential crypto bull run. 🟠 Bitcoin has hit a new high and maintained its dominance at 61.70%, effectively leading the market, Even if you missed opening long positions on BTC, there's good news—its dominance is on the rise, and the altcoin season might kick off soon! 🚀 Weekly Timeframe: Solana’s Stellar Performance Solana has been one of the market’s strongest performers, moving in sync with Bitcoin and outperforming many altcoins. Its market cap has even reached a new all-time high (ATH)! My personal entry point was at $27.67, followed by entries after breaking $47.88 and $124.59 on lower timeframes. If you’re in profit like me, consider: 1 - Withdrawing initial capital. 2 - Moving your holdings to DeFi platforms for added utility. New entries at this stage carry higher risk, as fewer confirmations are available. Wait for a break above $250.36 or even explore lower timeframes for better setups. We drew Fibonacci levels from $208.61, showing a correction around $124. Using Fibo extensions, potential targets are: $284 - $367 - $474 - $682 breakout above RSI 80.85, combined with increasing volume, could trigger these moves. 🌌 Daily Timeframe: Parabolic Growth Solana is forming a parabolic uptrend, with higher highs and higher lows. If the daily candle closes with strong volume, it could engulf previous candles, making it a great entry near $187 with a stop loss. After support at $162 was broken, two red candles were engulfed, confirming a fake breakout , Use this strategy on lower timeframes to enter positions aligned with the bullish trend. 🕒 4-Hour Timeframe Insights After breaking its daily range high at $185.34, Solana continued its rally, now at $244.57. stop-buy order was placed after breaking $221.75, supported by buyer momentum, and the position remains open , break above $246.29 will confirm our long position and momentum continuation. Avoid opening shorts under current conditions, Even in a 20% drop, I’ll focus on confirmations in lower timeframes to re-enter long positions. 💎 Solana/BTC Pair Insights Unlike most altcoins, which are at record lows against Bitcoin, Solana is holding steady. breakout above 0.0027030 BTC could spark a new rally, making it a prime candidate for entries. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
11
EURUSD : Realization continues, risks increase!Dear traders, EURUSD is currently in a bearish "flag" phase this Friday morning in Europe, influenced by risk-off flows stemming from escalating geopolitical tensions between Russia and Ukraine and concerns over potential U.S. tariffs on the EU... Now, there is nothing stopping it from further distribution. Key news is on the horizon that traders should approach with caution. A Fed rate cut. And the question is no longer "when" but "how much" the Fed will cut amid persistently high inflation over the past few months. From a technical perspective, the focus is on resistance levels at 1.055 and 1.054, which is the (fib 0.618). A gradual retracement and retest will increase the chances of a breakout. Now, selling pressure on this currency pair is intensifying, prices are entering a risk zone, and buyers are becoming increasingly cautious. We are monitoring the next key downside targets at 1.047-1.044...
Short
by Bentradegold
SasanSeifi|Will Gold Reach Higher Targets!?Hey there, ✌Analyzing the gold chart on the 2-hour timeframe shows that after a bearish trend and reaching the 2540 level, the price entered a consolidation phase and faced demand. Following the breakout of the supply zone, the price rallied to the 2640 range. Currently, after hitting the 2640 resistance, the price has started a corrective move toward the support zone at 2620-2610. In a bullish scenario, the price is expected to target levels of 2645, 2650, 2660, and potentially 2667-2675. However, rejection and further corrections are possible from these levels. If the price breaks below 2610 and stabilizes, the likelihood of further declines toward 2600-2590 increases. On the daily timeframe, the overall outlook leans more towards a bearish move, with a target of 2500. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
FOREXCOM:XAUUSD
by SasanSeifi