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🥇GOLD - Another retest of 1930 in a weak market Gold is reducing its volatility and continues to consolidate at 1933.9. On the global timeframe, support at 1938.9 is broken and preconditions for further decline are forming TA on the high timeframe: 1) False breakout after correction. The level of 1938.9 2) Liquidity area. The price is forming another retest. TA on the low timeframe: 1) A situation of buying weakness is forming. Price returns to the retest of 1933 2) There could be a bounce on a decline to trend support, but medium-term potential remains with sellers. 3) The area below 1930 is quite tight and does not let the price in yet. Further continuation of narrow consolidation is likely Key support: 1933.9, 1930, 1926 Key resistance: 1937, 1938, 1943
OANDA:XAUUSDShort
by AndeWave
18
💱USDCHF - Symmetrical triangle may continue to grow USDCHF is forming a local bullish trend. Globally - correction. A pattern is forming between the liquidity areas, the breakout of resistance of which can form a rapid rise TA on the high timeframe: 1) A correction is formed after the breakout of 0.8860 level. The growth will continue to the resistance 2) A bullish liquidity area is forming at the bottom, the price is being pushed upz TA on the low timeframe: 1) A symmetrical triangle is formed on the background of a local bullish trend 2) The price bounces off the support and retests the resistance. 3) There is a high chance that the breakout will take place. In this case I will wait for the growth to 0.89157. Key support: the lower boundary of the triangle, 0.8700. Key resistance: 0.87779
Long
by AndeWave
11
GOLD → Waiting for a trap before a further fall OANDA:XAUUSD is still testing trend support and testing the market reaction. The price is not able to grow at the moment and continues to update local lows On the futures market, the price failed to pass through the 2000 area, on the spot market, the situation is simpler - we see a continued decline in price. The price is trying to get out of the descending price channel, but apparently gold is in the liquidity area, which does not let the price below 1930. A global upward shakeout may follow before a further decline. Or, if the price overcomes the resistance of 1943, then the market will enter a recovery phase and strengthen the price. The potential for growth to 1954-1970 will be opened. At the moment consolidation below the support is forming - a signal for a possible sale. Medium-term outlook 1927-1970 Support levels: 1930, 1927.5 Resistance levels: 1943. 1954 I expect a shakeout or false breakdowns of the local resistance and if the price continues to consolidate below the support, the market will give us a drop. BUT! If the price returns beyond 1943, the growth will start within the descending channel Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
22
💱GBPUSD - Growth may be preceded by a decline GBPUSD forms a false break of the support at 1.2652. The price reacts in a bullish way. A correction is forming on the market since the opening of the session. Most likely a slight decline may follow before further growth. TA on the high timeframe: 1) Uptrend. The price is forming a correction wave, most likely the correction is directed to the support at 1.2652. 2) The price is forming a liquidity area above 1.27800, if the price further follows this area, a breakout of resistance may follow. TA on the low timeframe: 1) Price is within the descending channel 2) Consolidation is formed below 1.27279, we are waiting for a decline to 1.27000, 1.26500. 3) As the global trend is upward and a reversal pattern has been formed, the price may return to the retest of the trend resistance, which may be followed by a breakout and growth to 1.2965. Key support📉: 1.27000, 1.26500 Key resistance📈: 1.27279
Long
by AndeWave
7
GOLD → Support retest indicates buyer weakness OANDA:XAUUSD has weak buying power at the moment. There is no update of local highs, the price is returning to the support retest. The probability of support breakdown is increasing On the daily timeframe the price tried to test the strong resistance 1939, a false breakdown is formed and consolidation below the level. After this phase we saw a local distribution and another retest of the downtrend support. The price is testing another support at 1935.8, consolidation below the level will create a bearish potential and in the short term the price may form an impulse to 1927. Support levels: trend support, 1935.8, 1927.5. Resistance levels: 1943.3, 1954. The probability that the support breakout will be true at this point is very high, the above described prerequisites for why the bulls are weak. On these bases, I am prioritizing a decline Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
25
GBPUSD → Pin-bar and reversal pattern on the support line FX:GBPUSD on the daily timeframe is forming a situation that suggests a buyback, at the same time a candlestick pattern and a false breakout are forming The currency pair is in the format of the ascending price channel. Earlier support was tested and on the background of news the market bought back the fall at 1.36 which is quite a strong reaction. After the local rally, the price is forming a correction, most likely to support or retest, which may be followed by a growth phase, coinciding with the trend direction. Moving averages form a cross and play the role of resistance, it is worth paying attention to the support area of the uptrend. Resistance levels: 1.27275, 1.28484 Support levels: 1.26800, trend support, 1.26065 I expect the end of correction in the area of uptrend support with the subsequent strengthening of the price within the uptrend. Regards R. Linda!
Long
by RLinda
14
EURUSD - Huge uptrend is ready! (prepare longs) EURUSD is still extremely bullish because the price is above the 200-day daily moving average and also above the major white trendline. Trend is your friend, so we want to take only longs! The price is also inside this ascending parallel channel, and I expect another push to the upside to test the upward trendline of the channel. It's possible to bull-break this channel! In the last 2 weeks, EURUSD has been going down, but it's just a re-test of the previous 2 trendlines. We needed this pullback for continuation to the upside. The retest was a great buying opportunity, but of course you can still enter the market at the current price if you find a good setup on lower timeframes. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. When trading EURUSD, we need to consider the DXY index. This index is pretty bearish, and I will probably do an analysis on it as well, so make sure you follow me for more updates! The MACD indicator tells us that the trend is rolling over from bearish to bullish again. The histogram is ticking to the upside, which is of course a bullish sign. In conclusion, I am bullish on the euro, and I would take only longs for the next few weeks! Thank you, and for more ideas, hit "Like" and "Follow"! I post ideas mainly on BTC, so if you want more EURUSD ideas, support with like and comment, so I know I should continue!
Long
by UnknownUnicorn2537518
71
🥇GOLD - The market is preparing for a recoveryGold is forming a false breakdown of a strong support line. The support and liquidity area formed forms a bullish rally. TA on the high timeframe: 1) False breakout. Price closes above the 1938 support line, gold may rise to 1950-1960 at the beginning of the trading week 2) Price is testing the liquidity area of 1942.8, the market may open with a gap or continue its growth if this resistance is broken. TA on the low timeframe: 1) A candle with a large shadow is forming on H4, the price closes close to the 1942 level after a false breakdown 2) The market is forming a potential to continue rising 3) Waiting for the trend resistance to be reached before considering any further setups. Key support📉: 1933 Key resistance📈: 1942
OANDA:XAUUSDLong
by AndeWave
10
GOLD → FB of flag support. Consolidation near resistance OANDA:XAUUSD continues to form a descending price range after the breakout of the bullish trend. A "flag" pattern is forming within the new channel, a false breakout was made on Friday There is not much important news in the coming week, but it is worth paying attention to Thursday and Friday, the reports may provide insight for the medium-term outlook. Bottom right chart - a flag is forming against the background of the upward momentum. On Friday, the price makes a false breakout of the support of the figure and in the first half of the new week there may be a strengthening of the price and growth to the resistance area. Within the global descending channel price is forming consolidation near resistance, most likely there may be a direct retest of the descending resistance in the area of 1858-1863, there may be an attempt to breakout. BUT again, if sellers are strong, and if you look at the chart, the bearish scenario is developing at the moment, a fall from the channel resistance, a retest of 1935 and a further fall to 1902 may follow. The price is in a range, it is worth paying attention to such levels as: MA50, trend resistance, support 1935.5 Regards R. Linda!
OANDA:XAUUSD
by RLinda
14
BTCUSD → A logical correction will test a strong support area BITSTAMP:BTCUSD continues to form a global ascending price channel. The actual counter-trend correction at the moment does not indicate any change of trend, an adequate reaction to the strong resistance area formed back in 2021 is being formed. The price on the daily chart is forming a local support line 28850, a pre-breakdown consolidation and false breakdown is formed, there is no reaction in the form of a rebound, and the price continues to form a squeeze to the support. In the near future 28850 may be broken and the price will test 28450, a false breakdown is possible. Also within this correction the price may test the support of the ascending triangle and 200-day moving average. The price may technically decline in order to purchase the asset at more favorable prices. The cryptocurrency market emphasizes more on fundamentals than on technical analysis, it plays a secondary role in this partnership. Crypto players are waiting for some news to activate the movement in one direction or another. Interesting nuances recently: 1) Approval of the spot BTC-ETF will lead to billions of dollars of non-investment inflows into the market 2) The government has stepped up BTC protagging for June-July 3) Mainers collectively stopped selling and started accumulating BTC. Their reserves are growing 4) Minimal liquidity is accumulating strong consolidation. A surge in volumes may follow in the near future Strong support levels: 28850, 28450, figure support, MA-200 Strong resistance levels: 29650, 30575, figure resistance. This correction is a logical move in the market. The price can't grow all the time. I expect bullish activity after retesting the support area. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
23
💱EURNZD - The price is preparing for a breakout and a riseEURNZD is forming an ascending triangle and for the past few hours, the currency pair has been showing potential that is preparing the price for upward movement TA on high timeframe: 1) A retest of 1.8000 is forming 2) Consolidation near liquidity on the resistance side TA on the low timeframe: 1) An ascending triangle is forming 2) Price into the range and consolidates near resistance 3) Pre-breakout consolidation is forming 4) Breakout of 1.8000 will send the price to 1.81000 5) Medium-term potential is to rise to 1.83000 Key support: 1.79270 Key resistance: 1.80000
Long
by AndeWave
4
GOLD → Consolidation below support ahead of NFP. Trap? OANDA:XAUUSD has been consolidating below the previously broken descending channel support for two days. From the basic fundamentals, this formation suggests a strengthening sentiment for further declines, but there are always nuances to it Analysts were expecting bearish news for the dollar, which was previously published, but the index is showing a bullish bias, suggesting an improving economy. Fitch downgraded the long-term rating of the US to AA+ from AAA This is not good news for the dollar, but still: The U.S. was downgraded to AA in 2011, which caused the market to fall hard, but earnings and economic conditions were different at the time. This downgrade by Fitch is not fundamental as the economy is growing and profits are rising to service this debt. In terms of technical analysis, after a rally to the 1980 area, a correction in the format of a flag-like descending channel is forming, but at some point things don't go according to plan and price breaks the channel support, forming a consolidation and forming liquidity before further declines. Ahead of NonFarm Payrolls and Unemployment Rate publication, analysts are expecting bearish data, but based on earlier press releases, the numbers could be the opposite, which could provide new bullish potential for the dollar, and gold could fall to 1900. Support levels: 1933, 1930, 1927, 1912 Resistance levels: 1943, 1954 In priority I expect the price to fall to the lower support levels, but the price can break the situation if the expected fundamental data is confirmed. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
21
USDCAD → Range breakout. Realization of consolidation FX:USDCAD has been forming a bearish price channel for a long time. For the last few days, the price has been forming a symmetrical triangle, which is forming an attempt to change trend The price is moving out of the range on August 2. The impulse is formed on the background of strengthening of the dollar index and the price is testing 1.3370. Today such news are published as: 1) NonFarm Payrolls (Expected to decline) 2) Unemployment Rate (expected to decrease). Expectations of the news were not met earlier, the indicators are quite positive for the dollar index, which indicates a stronger economy even as fitch downgraded the US credit rating from AAA to AA+, but this does not say much in the current realities. The USDCAD currency pair is consolidating in the range of 1.3370 - 1.3320, with another retest of resistance, the level may be broken, but if the price starts a correction, it may head towards the channel boundary. Support levels: 1.3320 Resistance levels: 1.3370 I expect that on the background of strengthening of the dollar the price may break the resistance and form a movement to 1.3565, but there is a chance of correction formation. Regards R. Linda!
Long
by RLinda
18
Bitcoin prediction 2028 (Fibonacci channel, must know)! This is my projection for the next 5 years. Bitcoin always rapidly grows after the halving event. But around 16 months after the halving event, Bitcoin started to crash significantly. On the chart, we can see a very important Fibonacci channel on the LOG scale. The 0.618 FIB is always a strong level, and bitcoin hit it almost to the dollar in 2022. Take a look at it! We deeply need to keep this Fibonacci channel in mind. The strongest FIB levels are 0.618 and 0.382. 0.618 + 0.382 = 1. Bitcoin loves these Fibos. Please do not expect some big parabolic phase to reach 500,000 USD in the next few months or years. This is not going to happen because you are too late for the exponential party. 100,000 - 120,000 in 2025 is a realistic target! Bitcoin is a good investment, and you can trade the major cycles. Buy low, sell high. It's easy to say, but it's not that easy for the majority of market participants. As per my calculations, the price of Bitcoin will be 1 million USD in 2044, which is 21 years ahead. In approx. 2140, all Bitcoins should be mined, and there will be no new BTC mined at all. Miners will receive rewards from the transactions of chain users. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"! Bear markets and crashes: 2011 - 93.75% 2014 - 86.94% 2018 - 84.22% 2022 - 77.57% 2026 - 71.67% ?
Long
by UnknownUnicorn2537518
119
🥇 GOLD - Price is breaking support but not falling yetGold is breaking a new milestone and breaking the support of the descending price channel. Price is consolidating between the downtrend line and 1933.9 support, pre-breakdown consolidation may break the support and price will fly downwards TA on the high timeframe: 1) Break of support at 1938 (lower boundary of the global range 2) Consolidation below the support is forming 3) Negative fundamental background for gold TA on the low timeframe: 1)Trend support is broken, price is consolidating lower 2)If 1933.9 is not broken, then there will be a false break of support and price will head towards 1950 Key support📉: 1933.9 Key resistance📈: 1938.7
OANDA:XAUUSDShort
by AndeWave
14
💱EURGBP - Distributive Growth. Retest of resistance EURGBP is in a sideways range amid a downward global trend. The price is testing the upper boundary, which plays the role of a strong resistance, where there is a high chance for a rebound TA on the high timeframe: 1) False breakdown of 0.8666 forms a fall to the support, thus the price confirms the presence of flat 2) Impulse is forming, most likely the area of 0.8650 - 0.8684 can be a medium-term target. TA on the low timeframe: 1) A distributive resistance retest is being formed. Such movements are quickly stopped by strong levels 2) Since we have a global downtrend and a range formed, a fall to 0.86000 is likely from resistance Key resistance📈: 0.8651, 0.8666 Key support📉: 0.86000
Short
by AndeWave
7
GOLD → Support breakout & consolidation. Fall after the shake-upOANDA:XAUUSD is breaking the range support, and on the daily chart the price is testing one of the key support levels. Here the candlestick analysis indicates the preconditions for further decline The price is breaking the support of the descending range. Consolidation of the price below the previously broken support is formed. Since the price is forming consolidation, most likely, while the market is gaining liquidity, false breakdowns (shake-ups) are possible relative to resistance and support of the conditional boundaries. On the daily timeframe, the price is testing 1935. The price on Wednesday closed quite close to the level, which indicates that the market is not ready to end the movement, it may continue. Important news is published today. It is worth paying attention to: Initial Jobless Claims, S&P PMI, Non-Manufacturing PMI, these are the nuances we dealt with on Sunday. Moving averages act as resistance Support levels: 1932.9 Resistance levels: previously broken trend support, 1938.5, 1943 I expect the decline to continue based on candlestick and technical analysis. The market has broken support and is most likely preparing for a continuation of the decline. But there is news ahead, it may change the situation significantly Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
33
FXSUSDT → Out of Range. It's up to the bulls BINANCE:FXSUSDT is squeezed within the consolidation boundaries of 7.174 - 3.910, but at the same time inside the range there is a prerequisite for a possible trend change and price strengthening A bullish pattern in the format of a "bearish wedge" is forming on the chart. The price is breaking resistance on the background of weak bitcoin. Investors are looking for potential in altcoins during a correction in the cryptocurrency market. Consolidation above 5.866 could form a bullish upside to 7.175, which would form a retest. In this case, the market will get the potential to break the resistance of the 7.175 range and further growth. There is no pronounced trend, the price is forming a sideways range based on the bottom of 3.910. The market may slowly but try to reverse. Support levels: 5.866, 3.910 Resistance levels: 7.175 I expect the formation of bullish support with the last retest of 7.175 aimed at the breakout of the range and further growth. Regards R. Linda!
Long
by RLinda
10
GOLD → Resistance pressure on D1. Waiting for news OANDA:XAUUSD is forming a descending range after breaking the local trend. On D1, the chart is showing strong pressure from resistance and is forming a descending triangle which could give a strong fall, but there is news ahead... The price is testing the support at 1943 with the last move, making a false break and thus updating the local low to 1941.29. Based on the situation on the local timeframe and on the D1 we can say that the sellers are stronger, the fundamental background of the last trading week adds some confidence for this. Today ADP NonFarm Employment Change is published ( analysts expect a decline in the indicator, therefore the dollar may react negatively ), this press release can give us a rough mood for Thursday and Friday ( INJ, ISM, Nfp, UR are published ) Still, technical analysis initially lays a large percentage of the expected movement, even before the publication of the news and at the moment there is a preponderance of forces in the direction that the market is preparing for a fall. When enough weighty news is published, this imbalance may shift and in this case the price may break 1954, 1960 and head towards 1974 Support levels: 1943 Resistance levels: 1954, 1960 In priority I expect a decline to 1943 with the subsequent breakout, but on the background of news the price may act unpredictably and break the resistance. Watch the price reaction. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
29
KNCUSDT → A break of resistance forms an impulseBINANCE:KNCUSDT breaks the resistance of the figure and forms the primary impulse. The resistance 0.726 is retested. The price moves to the realization phase. What to expect next? KNCUSDT is forming a bullish setup. The prolonged downtrend may break and change to a bullish trend. The price is retesting 0.726 in the phase of realizing the accumulated potential. If 0.726 is broken through, the growth to the key resistance 0.933 can be formed, which will separate us from the active growth to 2.200, as the area of 0.933-2.200 is empty and there will be no obstacles for the price. Recently, altcoins are increasing volumes and are active, which may show good potential in the near future. Support levels: 0.575, 0.495 Resistance levels: 0.726, 0.933 I expect a bounce from 0.726 and a possible retest of the previously broken figure boundary, but in the medium term I stick to the fact that the price can show excellent growth by tens of percent. Regards R. Linda!
Long
by RLinda
17
🥇 GOLD - Retest of market support, readiness to decline Gold breaks through the 1963 resistance, but as it turns out this maneuver is false. The descending price channel is contributing to the price action, while at the same time price is retesting the support area and retracing back to that area to test the breakout attempt. TA on the high timeframe: 1) Price is approaching range support. NFP related news may negatively affect the price 2) The liquidity area against which an entry point can be formed is around 1942. A breakout or false breakdown is possible TA on the low timeframe: 1) On July 27, the price tests 1942 and forms a rally to 1973, after which the price does not go further, but comes back and tests 1942 again, but now already updating the local bottom 2) After a few hours and a retest of the liquidity area 1950-1955, the price returns to the support retest. Most likely the market is negative. 3) A pre-breakout consolidation is forming, which may break the market support under the pressure of fundamental factors. Key resistance📈: 1950 Key support📉: 1942.5
OANDA:XAUUSDShort
by AndeWave
10
💱USDJPY - Correction before further growth USDJPY is strengthening, making a false breakdown of local trend resistance. A correction towards the key support area is being formed, a rebound is likely to follow TA on the high timeframe: 1) False break of 142.25 may form a rebound to 140.7 2) The price is updating the local maximum, we should not expect a strong fall, as the market has a key target of 144.69, most likely in the medium term we will see growth to this mark. TA on the low timeframe: 1) A bearish correction is forming. This movement may test both 141.9 and 140.7. 2) There is no talk of a trend change, there is a strong bullish trend on the chart and a smooth transition into consolidation is forming. 3) Locally we have a bullish trend and in our case we should look for support levels to open long positions. Key support📉: 141.95, 140.73 Key resistance📈:143.00
Long
by AndeWave
5
EURUSD → A false break of support could provide bullish momentumFX:EURUSD is forming a false breakdown of the support line. The price is still trying to hold within the bullish trend The false break of the trend support led to an increase in liquidity, after which a reaction is formed in the market, which brings the price back into the channel and confirms the false breakdown. The false breakout may be followed by a retest of 1.09480 which will signal that the price is not ready to rise and will start to fall. BUT! If the currency pair consolidates above the support line of the uptrend, the market will form the potential for strengthening. Moving averages act as resistance. Support levels: trend line, 1.0948. Resistance levels: 1.1033, 1.1075. I expect price consolidation above the support line, relative to which a false breakdown was made. After that I will wait for growth to the resistance. Regards R. Linda!
Long
by RLinda
13