BLZUSDTBLZUSDT is in strong bullish trend.
As the market is started to print new HHs and HLs after the recent massive selloff.
currently the market is retracing a bit after last HH, if the market successfully sustain the local support then the next leg up can lead to 0.1763.
What you guys think of this idea and don't forget to share your idea.
Beyondtechnicalanalysis
HIFIUSDTHIFIUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and broken resistance which is also reacting as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.6300.
GBPNZDGBPNZD is trading in descending parallel channel and recently it seems like the sell pressure is just being exhaust and support being created to take off.
If the bulls take charge and gives breakout of channel the next target could be 2.1350.
what you people think of this idea .
EURGBPEURGBP is trading in symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is had break the support level within the triangle , a successful retest of this broken level can lead the price to support of triangle.
ENJUSDTENJUSDT was trading under declining trendline and recently it seems like bulls are starting to take the charge and has given the breakout from declining trendline with significant bullish candles .
Currently the price is retesting the broken trendline , if the retest level holds it could be a nice buying option.
What you guys think of this idea?
EURAUDEURAUD is trading in descending channel and printing consistent LLs LHs. Currently the price is broken the important support zone then any retest of broken level will be another sell option.
If the sell momentum continues the next target could be 1.6550 region.
What you guys think of this idea
AUDCAD, Bulls to break upside (Long)The price suffered a major decline between 22nd February 2021 (0.99901) to 10th October 2022 (0.86040) and the market bulls took over to correct the price to 0.95489 on 23rd January 2023.
Since then, price has been a decline for the past consecutive 8 months in a descending channel.
Price is nearing a yearly trendline support level which the bulls are accumulated ready to take control at the 0.86241 support level.
The market is ready for another major correction upwards.
The news this week on AUD are not serious but on Thursday Tokyo session on employment change and unemployment rate. Keep an eye out for it.
Support: 0.86241
Resistance: 0.87484 TP1
0.88216 TP2
0.88938 TP3
GBPUSD, Further ShortOn the Weekly time frame, the last two daily candles closed below the EMA-200 dynamic support in a descending price channel within a monthly falling wedge.
There was a breakout of the falling wedge which under normal circumstances would have been a bullish start at the base of it, but this decline was as a result of the rising DXY index over the week past.
The retest into the wedge by the last daily candle was resisted by the EMA-200 support. This signifies huge declines in the coming days. The upside swing of the DXY index is also evident backing further declines of the GBPUSD.
Resistance: 1.25331
Support: 1.23083,
1.22743,
1.21523
GOLD, to continue the bearish waveLast Thursday, gold price attempted to make a correction towards the $1930 PER ounce but was quickly rejected by the EMA-200/100 on the 4Hr time frame at $1929.814 which signifies that the bears are still in control in that region.
Last Friday, the price declines to 1919.085 at the time of market closure whereby the last two 4Hr candles closed below the trendline support that has been holding the bulls since 21st August 2023.
As long as the candles are closing below that trendline support signals the potential continuation of the bears movement down to the next significant level (1903).
Important news coming up this week which can alter the direction of the gold market so keep your eyes on the news on Wednesday to Friday. DXY has for the next consecutive 8 weeks been a bullish swing that could put more selling pressure on gold.
Wednesday: CPI
Thursday: PPI, retail sales and unemployment claims
Friday: Empire State Manufacturing Index and Prelim UoM Consumer Sentiment.
Resistance: 1925
Support: 1907, 1903, 1896
XAUUSD, to Short further to 1903Gold has been on a bearish wave since the start of the last Friday, 1st September and the sells continued since the start of the week to 1915.339 been the weekly low. Price below 1925 will be well resisted by the EMA-200 at 1928.
The US fundamental on unemployment claims today was negative for Gold and expected to decline further to the next significant level at 1903.
Cherish Gold traders, what are your thoughts?
CELRUSDTCELRUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 0.01210.
FETUSDTFETUSDT is in very strong bullish trend and also formed the bullish flag pattern. Currently the price is forming a support zone with in the flag and if this support holds and price break the flag the next target could be 0.300.
What you guys think of this idea?
Buy EURUSD Channel BreakoutBuy EURUSD Channel Breakout
Buy Eur/Usd @ 1.0712
Tp - 1.0804
Sl - 1.0680
Channel breakout in H1 chart now, its good chance to buy,
Thank you
ATRUSDTIs ASTRUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be $86 followed by $85
What you guys think of it ?
AUDUSDAUDUSD was trading under declining trendline and recently it seems like bulls are starting to take the charge and has given the breakout from declining trendline with significant bullish candles .
Currently the price is forming a local support around 0.6380 region.
Will the bulls take charge again continue for leg higher?
GBPJPYGBPJPY, after recent massive bull run, GBPJPY is now trading in range and perfectly testing the lows and highs of the range.
Ranges are best in a sense just buy the support and sell the resistance.
Currently the price is at support level and seems like a fine buying opportunity.
USOILIs USOIL exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be $86 followed by $85
What you guys think of it ?
ENJUSDTENJUSDT was trading in range bound structure and and bulls took the charge and sharply and strongly break the range and break the local declining trendline as well.
If this breakout holds the next easy target for bulls can be 0.300
USDJPYIs USDJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 146
What you guys think of it ?
XAUUSD, correction to 1932 Gold may correct upwards to 1932 before potentially declining further to 1920 and possibly to 1914.
EURCADEURCAD is moving in expanding parallel channel and respecting well the support and resistance of the channel.
Currently the price has bounce from support zone with bullish divergence as the price action suggest the bulls are taking the charge.
What you guys think of this idea?
GBPJPY, Bulla ready to retest 186.744The price movement fulfilled my last projection.
The GBPJPY bulls are ready to challenge the 186.744 price after a pull back from the last time it reached this price on 21st August, 2023.
The price is adequately supported at 184.838 and the EMA-50 on the 4hr time frame.
Let us see how it unfolds at the top.
EURUSD, to decline further The price movement fulfilled my previous idea publication.
What do I expect next??
EURUSD is expected to potentially fulfill a Fibonacci retracement to the 1.07658 resistance level before declining further to the next significant support level at 1.06375.
