Trend
USOIL / Bearish confirmation toward 79.49 Technical Analysis: USOIL
Current Outlook:
The price is expected to touch 80.70 and then consolidate between 80.70 and 81.70 until a breakout occurs.
Bullish Scenario:
For a bullish trend to be established, the price should reverse and stabilize above 82.27, targeting 82.25 and 84.14. There is also a possibility of a bullish retest up to 81.70.
Bearish Scenario :
As long as the price trades below 81.70, it will likely drop to 79.50. The price needs to break below 80.70 to confirm the bearish trend, ideally closing a 1-hour candle under this level.
Key Levels:
- Pivot Line: 81.22
- Support Levels: 79.49, 77.94, 75.35
- Resistance Levels: 81.72, 82.24, 84.14
Today's Expected Range:
The price is anticipated to move between the support at 79.49 and the resistance at 82.15.
GOLD Price Consolidation Between 2378 & 2356 with Bearish BiasGOLD Price dropped perfectly as we mentioned in the previous idea
For Today the price will trade between 2378 and 2356 till breaking, as long as trades under 2378, the means will continue dropping to get 2356, and reversing should stabilize above 2379.
Bullish Scenario:
The price should stabilize above 2379 by closing 4h candle above it, to be bullish trend toward 2388 and 2397
Bearish Scenario:
The price will drop to get 2366 and 2356, by stabilizing under 2378
Key Levels:
- Pivot Line: 2378
- Resistance Levels: 2366, 2356, 2342
- Support Levels: 2388, 2397, 2420
Today's Expected Range:
The price is anticipated to fluctuate between the support at 2356 and the resistance at 2388, with a bearish inclination.
previous idea:
BTC/USDT IS BITCOIN READY FOR A NEW HIGH TO 68KBTC did a great increase from the bottom trend to around 65K as we also made an update about it from the bottom.
57K is the activation trend.
BTC should hold the 62K for a healthy trend. if the trends get confirmed we could see soon
67-68K
New updates will come by this chart link.
GBPUSD - LONG (DAILY RESISTANCE BROKEN)good evening traders, this is my setup looking at the GBPUSD. clearly shows a nice strong trend that has now pushed the barrier of the daily resistance level. can we look to push forward? i'm looking to plant my seed where shown on the chart and the signs during this pair shows perhaps my little seed shall become the full plant over the giving time! let me know what your thoughts are? perhaps show me some further detail on what you think? thank you!
THE GOLDEN RETURN OF SHIBADepending on the low time frame the first activation for SHIB/USDT
We expect that there is a good chance of an increase in volume.
in the coming time, we will follow SHIBAUSDT
The top NO 1 USDT whale holds the most SHIBA.
90% of the unexpected volume is around 30%, there is a good chance it can do with time 60% and up.
Shiba is a value coin that is doing an unexpected increase over time.
Gold Reverses from Pivot Line, Bearish Trend ExpectedGold Price Analysis: Reversal from Pivot Line
Gold prices have reversed from the pivot line, which has now established a strong resistance at 2475. Stability below 2466 will likely support a decline towards 2450 and 2440 today.
Bullish Scenario:
For a bullish trend, the price needs to break above 2475 and stabilize. If the price can hold above 2475, it may advance to 2488. Further stability above 2488 would set the stage for a move towards 2526.
Bearish Scenario:
As long as the price trades below 2466, it is likely to drop to 2450 and 2440. A break below 2440 could drive the price further down to 2420.
Key Levels:
- Pivot Line: 2466
- Resistance Levels: 2475, 2488, 2502
- Support Levels: 2450, 2440, 2420
Today's Expected Range:
The price is anticipated to fluctuate between the support at 2420 and the resistance at 2488, with a bearish inclination.
Gold Surges to New All-Time High Amid Fed Rate Cut Optimism Technical Analysis: Gold
Gold prices recently broke through the all time-high, recording a new peak at 2482, hitting our target perfectly.
Bullish Scenario:
For a sustained bullish trend, the price should stabilize above 2475. If this level holds, the price could reach 2488 and gradually move towards 2500 and 2526. There is also a possibility of a retest if the price stabilizes below 2466, confirmed by closing an hourly candle under this level.
Bearish Scenario:
For a bearish trend, the price must stabilize below 2466. If this occurs, the price could potentially fall to 2450 and then to 2440.
Key Levels:
- Pivot Line: 2466
- Resistance Levels: 2475, 2488, 2502
- Support Levels: 2458, 2450, 2440
Today's Expected Range:
The price is anticipated to fluctuate between the support at 2450 and the resistance at 2502, with a bearish inclination.
Previous idea:
Rising US Rate Cut Optimism Steers Gold to All-Time High
Gold prices hit a record high on Wednesday, driven by increased expectations of a September interest rate cut in the U.S. Traders see a 100% chance of this cut, according to the CME FedWatch Tool. Fed officials, including Chair Jerome Powell, have expressed confidence that inflation is nearing the Fed's target, hinting at potential rate cuts.
Key Drivers:
Federal Reserve's Rate Cut Expectations: Traders are confident of a rate cut in September, boosting gold's appeal.
Inflation Target: Fed officials are optimistic that inflation is approaching the 2% target, which supports the case for rate cuts.
Geopolitical Risks and Recession Threats: These factors could drive gold prices further to $2,600-$2,700 by the second half of 2024.
Alex Ebkarian of Allegiance Gold highlights that the anticipation of rate cuts and central banks purchasing more gold over U.S. Treasuries are key catalysts driving current price highs. However, he warns of potential volatility as the market confirms these trends.
S&P 500 Analysis: Reversal from All-Time HighS&P 500 Analysis: Reversal from All-Time High
The S&P 500 recently reached an all-time high but has since reversed. Stability below 5620 indicates a continuation of the bearish trend, targeting 5584 and 5550. Earnings reports are expected to play a significant role, potentially moderating bullish momentum.
Bullish Scenario:
To maintain a bullish trend, the price should stabilize above 5639, aiming for 5672 and 5688. For a sustained uptrend, the price must stabilize above 5688, potentially reaching 5750.
Bearish Scenario:
For a downtrend, the price should stabilize below 5620, targeting 5584 and 5550, especially if a 4-hour candle closes below 5620.
Key Levels:
- Pivot Line: 5620
- Resistance Levels: 5639, 5672, 5688, 5750
- Support Levels: 5584, 5550, 5525
Today's Expected Trading Range:
The expected trading range is between the resistance at 5672 and the support at 5550.
previous idea:
BTC - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈BTC has been overall bullish, trading above the red trendline.
Moreover, the $61,000 - $62,000 is a strong support zone.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the blue support and red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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
USDJPY Trend Analysis: Market Consolidation and Key LevelsTrend Analysis Summary
Market Consolidation and Key Levels:
The price has reversed and stabilized in a bearish area as long as it trades below the supply zone, which is between 158.800 and 159.100, targeting 157.975 and 157.380.
Bullish Scenario:
For a bullish trend, the price needs to stabilize above 158.800, potentially reaching 159.810. Further stability above this level would indicate an uptrend.
Bearish Scenario:
The bearish area is confirmed as long as the price trades below the supply zone, targeting 157.975. There is also the possibility of a retest up to 158.800 before resuming the bearish trend.
Key Levels:
- Pivot Line: 158.800
- Resistance Levels: 159.100, 160.520, 161.670
- Support Levels: 158.000, 157.385, 156.580
Movement Range:
The movement range will be between 158.810 and 157.385.
Previous idea:
BTC/USDT IS THIS FINALLY THE BOTTOM FOR BTC TO 65KBTC has seen last times a breakdown trend.
There is good chance that this can be the bottom of the next 65K
The bottom expecting depends on data and TA.
When BTC can confirm the time frame good chance we will see a stable volume followed by an increased volume back up 60K.
Huge hedge funds did today add the dip buying including from Japan 400m+ BTC.
This can have an effect on BTC as dip buying.
GOLD / Approaching All-Time Highs...Gold Technical Analysis
Based on the provided chart, the following analysis can be made:
Current Outlook:
- The price is currently approaching the all-time high (ATH) of 2450 and is consolidating within a narrow range.
- There is a breakout zone that the price is approaching, which could signal further upward momentum if breached.
Bullish Scenario:
- If the price stabilizes above 2450, it is expected to continue its bullish trend.
- The next target after a breakout above 2450 would be 2466.
- Stability above this level would indicate a continuation towards even higher resistance levels.
Bearish Scenario:
- If the price fails to break and stabilize above 2450, it may consolidate or pull back.
- Immediate support levels to watch are 2440 and 2428.
- A break below 2428 could indicate a further decline, targeting support at 2398.
Key Levels:
- Pivot Line: 2440
- Resistance Levels: 2450, 2466, 2475
- Support Levels: 2428, 2420, 2398
Technical Indicators:
- The indicator on the chart shows a combination of short-term and long-term moving averages, indicating that the price is currently in a strong uptrend as it approaches the ATH.
- The bands are widening, suggesting increasing volatility and potential for significant price movement.
Today's Expected Range:
- The price is anticipated to fluctuate between the support at 2428 and the resistance at 2466, with a general bullish tendency given the current momentum.
Summary:
Gold is currently in a bullish trend, approaching its all-time high. The key levels to watch are 2450 for potential breakout and continuation of the bullish trend, and 2428 for potential support in case of a pullback. The market is showing signs of increased volatility, so traders should be prepared for significant movements.
US30 / Consolidation Continues Between Key LevelsTechnical Analysis: US30
The price has reached the resistance level of 40420, as mentioned in the previous analysis, and has since dropped, consolidating between 40060 and 40420.
Current Outlook:
The US30 is expected to decline as long as it trades below 40420, targeting 40060. A break below 40060 would suggest a continuation of the bearish trend.
Bullish Scenario:
For a bullish trend to be confirmed, the price needs to stabilize above 40420, with confirmation coming from a 4-hour candle closing above this level.
Bearish Scenario:
As long as the price trades below the resistance line at 40420, it is likely to test 40060. A break below 40060 would indicate a downtrend towards 39790.
Key Levels:
- Pivot Line: 40220
- Resistance Levels: 40420, 40620, 40940
- Support Levels: 40080, 39880, 39600
Today's Expected Range:
The price is anticipated to fluctuate between the support at 40060 and the resistance at 40420.
Note:
Today's earnings reports, particularly from NYSE:UNH , NYSE:BAC , and NYSE:MS , are expected to impact the indices market.
previous idea: