GBP/CHF for a bull run ?We’re seeing some sideways movement with the potential for a bullish move. My numbers indicate bullish pressure, but, as with any market, nothing is certain. My bias is toward an upward move.
The market is currently at a daily demand zone, and as usual, we need the 4-hour chart to confirm this sentiment. On the 4-hour, we’ve got a solid demand zone that’s formed and held, showing a nice rejection. I’m going in with a bullish move…pray for me
Pivot Points
GBP/USD Bullish Momentum Toward 1.327Hello,
FX:GBPUSD appears to have established a support level, suggesting a potential bullish move toward 1.327025 if it rebounds from the current pivot points. The trend shows promising progress, with an overall bullish movement anticipated.
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USD/JPY schould the bears take their chance ?
In recent weeks, we’ve seen a massive bullish movement. I believe many have been anticipating a bearish pullback or pivot. The market has now entered my daily supply zone, with indicators suggesting a potential bearish move ahead.
Switching to the 4-hour timeframe, I don’t see a supply zone that meets my criteria when looking to the left. I’ll wait for the market to establish a current supply zone, which could present an entry opportunity soon.
What I’m looking for now is a clear rejection favoring the bears to confirm a strong bearish move.
USD/JPY Bearish Move Expected Toward 143.475Hello,
FX:USDJPY is expected to see a bearish move toward 143.475, with a high likelihood of this outcome. Recently, the pair reached a three-month high of 153.909. The first sign of a downtrend will be if the 1W pivot point (PP) holds as resistance.
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EUR/USD Hits 3-Month Low: Support or Further Decline?Hello,
FX:EURUSD has reached a new three-month low at 1.076115, with a prevailing bearish trend for the pair. Unless this low provides substantial support, it’s likely to be tested again before an upward movement begins. However, confidence is already building that this may have been the bottom. Time will tell!
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XAGUSD Downside Expected Before Bullish ContinuationHello,
OANDA:XAGUSD is currently poised for further downside, despite a favorable bullish setup for continuation. However, the price has thus far respected the daily support structure. A potential decline toward the 33.143 - 32.677 range may be on the horizon before a bullish continuation, provided these support levels hold firmly.
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XAUUSD Primed for Bullish Continuation Amid SupportHello,
OANDA:XAUUSD has maintained its position at the weekly support level, with a weekly low of 2708.72. A continuation is anticipated from here, although sellers remain active and strong. The 1W and 1D pivot points suggest potential for further downside, so caution is advised. However, if the price breaks above the 1W pivot point, we could see additional upward movement. Overall, conditions still appear primed for a bullish continuation.
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USDJPY - Hangman Reversal (600 pip)Dollar (USD) has been extremely strong, however has come to a point of resistance and risk.
US Elections are in 10 days. Market is monitoring the resiliency of US economy. With markets normalizing, looks like there may be more appetite for risk as Central Banks are telegraphing their moves.
Yen (JPY) has been been on the other side of this coin and it has been nothing but weak.
This is at a potential changing point with new administration in Japan, expected rate hikes coming from BoJ and shifting global trends.
This will be highly data-driven trade. Can be invalidated or in-the-money extremely quickly.
Following lines
interpretation of the patterns
Good evening sirs , today we will be doing analysis of candlesticks with pivot points and cycles.
Please be sitting in your seats to receive it well better!
for further instructions see attached notes
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Bitcoin - American elections, future fluctuations of Bitcoin!Bitcoin is above the EMA50 and EMA200 in the 4H time frame and is trading in its ascending channel
Risk ON sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement
Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way down for Bitcoin, which can be used to look for Bitcoin buying positions in the two specified demand zones
As long as Bitcoin is within the specified range, you can look for buy and sell positions at the top and bottom of the range
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
Nasdaq - index will continue to rise?!The index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel
If the drawn resistance level is broken, we can witness the continued rise of the index up to the previous ATH
Around the range of 21,000, we will look for price corrections of the index until the bottom of the ascending channel
EURUSD Multi Timeframe Analysis 28.10.202415m Swing and Internal Bearish
Currently prizing in the slightly mitigated 4H demand zone so we might see a bullish reaction from here BUT almost everything bearish so sells are more probable. Ideally wait price to mitigate prime supply zones to look for sells
GBPUSD entry analysisGBPUSD Analysis
After outperforming its rivals in the first half of the week, the US Dollar (USD) lost some of its strength on Thursday, with the US Dollar Index down 0.4%. The positive shift in risk sentiment made it difficult for the USD to find demand, while falling US Treasury yields further weighed on the currency.
The September Durable Goods Orders and the October University of Michigan (UoM) Consumer Sentiment Index will be on the US economic calendar on Friday. The UoM data is unlikely to cause a reaction as it will be a revision. If Durable Goods Orders unexpectedly rise, the initial reaction could support the USD. On the other hand, a worse-than-expected reading of -1% could hurt the currency and allow GBP/USD to move higher towards the end of the week.
Meanwhile, US stock futures were last up 0.1% to 0.2%. A bullish open on Wall Street could attract risk-on money and weaken the USD further in the second half of the day.
Technical Analysis
GBPUSD BUY entry is set around the current price zone with a Fibonacci retracement of 0.618. The current price zone is expected to capture the end of wave 2 and form a breakout point for wave 3 according to the Elliot wave pattern. Wish you a successful trading day.
REEF buy setupREEF has rejected after the heavy pump and is approaching the origin of the move.
The origin of movement is valuable to us. We are looking for buy positions in the green range.
The targets are marked on the chart.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
NZD/USD for a bullish move ?the price has entered my Daily demand zone. but for a better entry i go to the 4H for another zone to time the market. looking at numbers its also insinuating that the market might shift for a bulish move begin next week. what i hope happens is the market coming to my 4H demand zone and leave with a nice rejection candle. thats when i wil enter my position.
if that doesnt happen i wil look for the market to create a new 4H demand zone in the Daily demand with the same 4H rejection for an entry. always keep your options open.