While NAS100 continues to display a bullish trend, I closely monitor indicators suggesting a likely bearish shift. The price has consistently encountered resistance at a Rejection Block, marking this area as a significant institutional resistance zone. If the price drops and a bearish candle closes below 21735, I will establish my target at 21580.
Hello guys, ** the index broke an important downtrend line and surged to up after then currently is taking a rest inside an ascending triangle, once it will break to up, it will go to that target regardless any bearish retracement you would find on the way ** The index is meant to go to higher than that once it will break the purple down trend line even which I expect to happen! ** The time frame on the chart is 4H My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
https://www.tradingview.com/x/g09jLtc3/ Please, check our technical outlook for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 106.563. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 105.718 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/oXM2kTZU/ Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 70.58. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 72.27 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
XAUUSD MARKET INSIGHT KEY LEVEL Resistance: 2728/ 2770/2800 Support: 2680/2638/2600 Pivot point: 2680 Stragry: Long above 2728 2770 &2800 Below 2680 2638& 2600 If Cross 2770 Then We Will 2800 Again For More Information Click on our Telegram Link https://t.me/GOLDEMPIRETRADERS01
1. Fibonacci Levels The chart shows the use of Fibonacci retracement levels: These levels are crucial for identifying potential support and resistance zones. Key levels visible on the chart: 0.0140 (support level) 0.0150 (resistance level) Currently, the price is trading around 0.01493, nearing the resistance zone. A breakout above 0.0150 could indicate bullish momentum. 2. Trendlines The chart features a downward trendline and possibly an upward trendline: The price seems to be testing the downward trendline. If the price breaks and sustains above this trendline, it may signal the beginning of a bullish trend. 3. Bollinger Bands Bollinger Bands are visible on the chart, used to measure price volatility: The price is currently moving near the middle band. Upper Band: Acts as a potential resistance in case of an upward move. Lower Band: Provides support during downward movement. A contraction (tightening) of Bollinger Bands often indicates an upcoming breakout in either direction. 4. Volume Analysis The volume bars indicate the strength of market moves: Current volume appears relatively low, suggesting a lack of strong momentum. A high-volume breakout is crucial to confirm any significant price movement. 5. General Trend Direction From the chart: Short-term recovery signals are visible, but the overall trend appears bearish. For an upward confirmation: The price must break and hold above 0.0150. Failure to do so may result in a pullback to the 0.0140 support zone. 6. Recommendations For short-term trades: Watch for resistance around 0.0150—this could be a key selling point. Buying opportunities might emerge near the 0.0140 support zone. For long-term positions: Wait for a confirmed trend reversal and higher volumes before entering. A breakout of the downtrend and sustained trading above resistance levels is essential.
https://www.tradingview.com/x/6m17dWeE/ Take a look at our analysis for GBPUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.275. The above observations make me that the market will inevitably achieve 1.282 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/4ttfPFKg/ Please, check our technical outlook for AUDJPY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 97.822. Taking into consideration the structure & trend analysis, I believe that the market will reach 97.277 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
BINANCE:BNBUSDT is trying to move into the realization phase after quite a long accumulation, thanks to which the coin can give a very good growth https://www.tradingview.com/x/9yKSaCoH/ The coin tested the strong support of 645 within the correction. False break of the support and quite aggressive buyout of the fall indicates buying potential. Bitcoin, which is testing the highs and ready to go even higher is a good driver for BNB Accordingly, the focus is on near-term levels. If the price can break the near-term resistance and consolidate above, the market will further go to break ATH and try to renew it. Resistance levels: 761, 793 Support levels: 691, 645 I don't exclude that the unexpected correction of bitcoin can provoke a correction in the cryptocurrency market, but in general the structure is bullish. High probability of resistance breakdown with the purpose of continuation of movement Regards R. Linda!
USOIL / 1D Hello Traders, welcome back to another market breakdown. The market is showing strong bullish momentum, breaking through key minor resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for the price to show more strength first then for the pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Trade safe, Trader Leo