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Technical Analysis

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
Gold --> Bear Market Heating Up? Resistance AheadOANDA:XAUUSD rising after a false breakout of 2547. Fundamentally, the situation is quite complicated as well as technically... The metal price is positively affected by the escalating Russia-Ukraine war, making gold more attractive to investors as a safe-haven asset. In addition, the appeal of gold is reinforced by geopolitical tensions, economic risks and a low interest rate environment. Fed officials are expected to speak this week, thereby providing more details on the US interest rate cut roadmap. Currently, according to traders' predictions, there is a 62% chance that the Fed will cut interest rates by 25 basis points in December... Theoretically, it is still unclear whether gold can maintain its bullish momentum as prices are approaching strong resistance and traders are cautious as they wait for new signals on the Fed's interest rate outlook. Technically, gold is in the range of 2643 - 2626. Since the opening of the session, the price has increased quite strongly, which increases the possibility of resistance to stop this increase. The situation is complicated by the mixed fundamental backdrop. A false break of 2647 and consolidation below this area will strengthen the selling pressure. But there is a possibility of a retest of 2686 (order block area) before the decline continues. The expected decline will reach the levels of 2547 - 2471 respectively. Rate, share your opinion and questions, let's discuss what's going on with.
OANDA:XAUUSDShort
by Bentradegold
5
[INTRADAY] #BANKNIFTY PE & CE Levels(21/11/2024)Today will be flat opening expected in banknifty. After opening if banknifty sustain above 50550 level then possible upside movement upto 50950+ level. Strong Downside fall possible if banknifty starts trading below 50450 level. This downside rally can goes upto 400-500 points. 50050 will act as a downside support for today's session. Below this support level if banknifty gives breakdown of 49950 level then possible sharp fall in market.
NSE:BANKNIFTY
by TradZoo