https://www.tradingview.com/x/IZuUiJhT/ My dear friends, Please, find my technical outlook for CADJPY below: The instrument tests an important psychological level 109.05 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 108.00 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Spread Indonesia Interest Rate with US Interest Rate reached lowest level all time high. Rupiah has been weakening along with the spread is getting lower and lower. My take : rising spread means Rupiah strengthening.
The previous two correction cycles lasted about one month, with a correction of approximately 6% and 8%. How much will this one be?
? Welcome to TradeCityPro! In this analysis, I will explore Blur, a gaming project, focusing on the daily timeframe to assess its current price action and potential scenarios. ? Daily Timeframe: Correction to Dynamic Support On the daily chart, Blur has been following an ascending trendline that acts as a dynamic support, propelling the price upward after every interaction. ? Recently, the price experienced a fake breakout below this dynamic support, which was quickly followed by increased buying volume and a surge in bullish momentum. As a result, Blur managed to break through the $0.2827 and $0.3314 resistance levels, climbing as high as $0.4438. ? Currently, the price has corrected in two stages and returned to the $0.2827 level, which aligns with the dynamic support. The RSI, after breaking below the 50-level, has supported this deeper correction. If the dynamic support fails to hold and the price trend shifts, the primary support will be at $0.1464. ? If the resistance at $0.4438 is breached, the first target is $0.5539, a notable resistance level. The main target is $0.8077, the ATH, which doubles as a critical supply zone due to its significance in price history. ✨ The RSI lacks a clear bullish trigger currently, as no new structure has formed. However, if RSI confirms a bullish momentum resurgence and trading volume increases, the chances of breaking through $0.4438 will significantly improve. ? Market Sentiment and Advice The market is currently undergoing broad corrections, causing FOMO and uncertainty among traders. However, these pullbacks are natural and essential for sustaining the market’s broader uptrend. ? Here’s a reminder for effective trading during volatile times: Avoid impulsive decisions driven by fear or greed. Ensure risk and capital management is a priority. Proper management safeguards you from significant losses during corrections, preserving capital for long-term growth. ? 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! ❤️ above.
GBPCHF Ahead of the BOE Interest Rate Decision Today, the Bank of England (BOE) is expected to release its rate decision. The BOE is anticipated to keep rates unchanged at 4.75%. If this happens, the GBP could see slight bullish momentum, but nothing significant. However, considering the improving UK data over the past month, we could see a weaker GBP , if the BOE cuts rates. The price has already broken out from a bearish pattern. This movement is very risky, as it is mainly based on the BOE Interest Rate Decision. These events can easily invalidate patterns, so it is advisable to be cautious. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
#OP The price is moving in a descending channel on the 1-hour frame and sticking to it well We have a bounce from the lower limit of the descending channel, this support is at 2.10 We have a downtrend on the RSI indicator that is about to break, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 2.17 First target 2.28 Second target 2.40 Third target 2.60
https://www.tradingview.com/x/hVlrTJIH/ as we can see in the chart eigen is in a trend directional BINANCE:EIGENUSDT is in a uprising channel if the current btc uptrend we can expect eigen to be the one of stronger assets i think everything is obvious enough in the chart i"ll be really thankful if you share your idea about this analysis and what you think about the current trend of the market
We are close to form a new ATH on one of the biggest crypto on the market right now and this can be the last possibility to enter before the explosion to the up side. My first target will now be arount $400.00 but still hloding the biggest part for the long term on my side. Great Trade !
#XAI The price is moving in a descending channel on the 1-hour frame and sticking to it well We have a bounce from the lower limit of the descending channel, this support is at 0.2540 We have a downtrend on the RSI indicator that is about to be broken, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 0.2660 First target 0.2771 Second target 0.2935 Third target 0.3150
SAND is going down to 0.48 level, for finishing the current wave of the correction, before going up for completing the correction or starting a new upward wave.