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Is GBP/USD Getting Ready for the Fed?We are observing a strengthening of the British pound (GBP) against the US dollar (USD) just hours before the Fed's interest rate announcement. The market has broken a significant swing high at the 1.241 level and is heading towards a supply zone at the 1.24200 level. This zone is within a resistance/support area on the H4 timeframe ranging from 1.243 to 1.25, where we find another supply zone at the 1.248 level. Therefore, my prediction is to look for a short position, as despite the market appearing to be on an upward trend, everything indicates a downward entry opportunity. However, I caution that the structure is bullish, and my market entry will only be if, during the pre-opening of New York, the market remains at these levels and if there is a structural breakdown on the M15 timeframe to the downside with a Bullish Flag pattern, indicating an entry zone at M15. The near-term technical outlook indicates a bearish bias, with GBP/USD trading within a descending regression channel, and the Relative Strength Index (RSI) on the four-hour chart staying well below 50. On the downside, the first support is at 1.2350 (static level, mid-point of the descending channel) followed by 1.2300 (lower limit of the descending channel, static level) and 1.2240 (static level from March). If GBP/USD rises above 1.2400 (20-period Simple Moving Average - SMA, upper limit of the descending channel) and starts using that level as support, buyers may show interest. In that scenario, the next recovery targets could be seen at 1.2450 (static level, 50-period SMA) and 1.2500 (psychological level, static level). Let me know your thoughts, and happy trading to everyone! Nicola, CEO Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
1
ChainLink Analysis For long-termHello Traders, here is the full analysis for Chainlink let me know in the comment section below if you have any questions. I suggest you keep this analysis on your watch list and see what will happen and will my analysis will happen!!! Today I want to talk about LINKUSD in a daily time frame Before that, I want to remember It's not financial advice. I'm just sharing my view and opinion of the chart. Please see and think about that. The situation is so complicated. I will tell you the best zone to buy and hold Chainlink for the long term to get a huge profit.so, please be patient. As you see in the chart, I want to explain everything by the Fibonacci Channel. Because it's so simple and easy to show you. I draw 3 Green Zone to show you all the support zones. I believe that the first green zone will be broken. Sooner or later but it's sure. So let's focus on the second one. I think it could be a strong zone to support the price but I think the market maker do anything to lose that to the third support zone. I'm sure the 3rd green zone is the best place to buy and hold link for long term. it's really my favorite place. I will put my orders in this zone. because I believe that the future of Chainlink is bright. If you have any questions, please don't hesitate to contact me. Wish you the best Sincerely Yours Ho3ein.mnD
BINANCE:LINKUSDShort
by Sticky-Stock
8
AUDCHF - Trend-Following Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. AUDCHF has been overall bearish trading inside the falling channel in blue, and it is currently approaching around the upper trendline. Moreover, the zone 0.585 is a strong resistance. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline acting as a non-horizontal resistance. As per my trading style: As AUDCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
3
XAUUSD: Investors' Post-Fed Outlook?On XAUUSD, we have a bullish setup as the market is gaining strength in anticipation of a new monetary tightening by the Fed. I noticed a breakout of a significant swing high, leading to the creation of a demand zone at the level of 1920-1930. I'll await a bounce within this range, where I'll assess the presence of at least one structural change at the 15-minute timeframe, which could prompt me to enter a long position targeting the supply area at 1940-1945 for a short-term trade. For a long-term trade, I might seek the support/resistance level at 1950-1960. Let me know what you think. Greetings from Nicola.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
1
XRP/usdt SeptemberI am pretty certain XRP is heading towards 0.60 mark, this could take 1-2 weeks or a month. But on the way I will be taking small positions both up & down... My analysis is as below, ( Note that these are all my assumptions and not facts ) - as of today or tomorrow, XRP should drop to around 0.475, it may drop further. - after the drop it should start a bullish movement heading towards 0.4980 as the first target and 0.53 as the second target. Please do your own analysis before taking risks.
Long
by Kivvwi
EUR/USD: Will the FED Surprise by Raising Rates?On EUR/USD, we have a bearish setup in anticipation of the FED meeting this week, specifically regarding the interest rate decision. The market has broken seven swing lows from the 1.07 - 1.0670 level, demonstrating its explosive strength. However, I continue to emphasize this simple concept: a break of a swing low signifies a show of strength, but at the same time, it's an excellent opportunity to look for long positions, essentially at the lows. In this case, on Monday during the London session, I will look for a falling wedge pattern at the 15-minute chart with a possible entry at a Falling Wedge Breakout (FVG) and a potential target at the 0.62% Fibonacci retracement level, which is at 1.071. Let me know what you think. Greetings and happy trading to everyone, from Nicola.
Long
by Forex48_TradingAcademy
5
USDJPY: Will the Fed lower the dollar?On USD/JPY, we have a bullish setup, with the price breaking a previous swing high at the 147.87 level. This breakout confirmed my bearish view. I will be looking for a bearish opportunity on Monday at the New York market open and London close. I'll be seeking a change in structure to the downside on the M15 chart with an entry at a strong level or inefficiency zone. The target could be the demand zone on H4 at the 147.51 level. Let me know what you think. Happy trading, everyone.
Long
by Forex48_TradingAcademy
7
MUSA (Long) - Find me a better baseFundamentals And it is not just the base, the fundamentals are also robust. NYSE:MUSA has immense amount of sales and even with the price rise we have seen, the P/S ratio is still staggeringly low at 0.4. The P/E ratio is also low at 13. The reason behind the stellar share price performance is mainly the consistent growth in sales, regardless of market conditions, the stock has outperformed. The reason why the stock is not even higher is two-fold: (i) very low profit margins, capturing only 2.6% of sale as profits and (ii) high debt with debt/equity ratio at 2.22 However, the firm has been defying expectations for a while in constantly beating estimates, hence the share price And with that chart setup, it seems like continuing further Technicals Hard to say anything bad about this setup. I have been watching investors building this base, buying every dip and forming robust fundamentals for the past year. The price clearly broke out of the base a couple days ago with volume and no resistance, ending the day at the highs. This is one of my favourite setups and rarely fails (for demonstration, look at my past trades). I am not going to provide more evidence in terms of indicators and patterns, I have been watching the price action for 6 months , knowing the stock intimately, and this break looks very convincing. Trade The air is not completely clear until I see some continuation going ahead, but that could mean sacrificing returns, hence I went long on the break. However, I have to caveat that if there is a sign of turning around and making this a fake breakout, immediately sell A pullback to the entry point is allowed, but once we start breaking lower or lacking continuation, it is a sell signal The trade is still good to enter here, but one can wait for a pullback to buy in. However, that would mean risking the trade gets away from you. Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation, it motivates me to keep producing ideas, thank you :)
NYSE:MUSALong
by jurajholik
2