After plunging to test key support around 30,400, the Japan 225 index is staging a strong recovery, up nearly 2% on the day. However, the technical picture still leans cautious: ? Price remains well below the 50- and 200-day SMAs ? MACD remains in bearish territory, though downside momentum is slowing ? RSI has bounced off oversold levels, now at 43.17 This rebound could extend further in the short term, but bulls likely need a close back above 37,000 to repair the broader trend. Until then, rallies may prove corrective within a developing downtrend. -MW
EMA 30 (Red Line): Currently at 99.700 — tracks short-term trend, and price is hovering near this level. EMA 200 (Blue Line): At 100.935 — indicates long-term trend, acting as dynamic resistance above. ? Trade Setup ✅ Entry Point: Price: 99.699 Rationale: This level has been tested multiple times, forming a support zone. A bounce here signals a potential long entry. ? Target Point (Take Profit): Price: 102.738 Distance: ~3.04 points or 3.43% potential move upward. Note: Marked as EA TARGET POINT, which suggests a calculated area possibly based on previous resistance or algorithmic strategy. ? Stop Loss: Price: 98.624 Reasoning: Just below the defined support zone (highlighted purple area), ensuring protection against downside breakouts. ? Risk-to-Reward Ratio Entry: 99.699 Target: 102.738 → Gain of ~3.04 Stop: 98.624 → Risk of ~1.08 R/R Ratio: ~2.8:1 — favorable setup ? Overall Sentiment This chart indicates a bullish reversal setup from a strong support zone, possibly targeting a mean reversion or trend reversal toward the 200 EMA and beyond. However, keep in mind: The price is currently below both EMAs, so the trend is still bearish. The trade is counter-trend, relying on support holding and momentum shifting.
Hi Traders. Wait for the impulse out of the right shoulder. Followed by some LTF correction to confirm this setup. No confirmation no entry!!!
The core logic of the current gold trend Double top suppression: A phased double top is formed near 3245. If the short-term rebound cannot break through 3220 (the original support turns into resistance), it may fall further. 4-hour level weakens: MA10 moving average falls below, and 3220 becomes the key resistance. If it cannot stand firm at 3220, it may drop to the MA20 moving average support (3180-3170). Hourly line oscillation pattern: Solidation within the range of 3193-3215, pay attention to the gains and losses of the MA10 moving average. Downward line → callback to the middle track (near 3180); long lower shadow → continue high-level oscillation. Today's operation strategy ? Short order (main idea) Entry: light position short near 3218-3220, stop loss 3225 (to prevent false breakthroughs). Target: 3200-3195→Break to 3187. Logic: 3220 resistance is effective + 4-hour structure is bearish. ? Long order (auxiliary idea) Entry: 3187-3190 stabilizes and goes long, stop loss 3180 (strict risk control). Target: 3200-3210→Break to 3215. Logic: 3180-3170 is the key support area, short-term rebound demand. Key reminder Characteristics of oscillating market: When there is no major data, sell high and buy low as the main method, avoid chasing ups and downs. Breakthrough response: Break above 3225→Stop loss for short orders, wait and see whether it will go long after stepping back. Break below 3180→Stop loss for long orders, pay attention to the support effect of 3170. Position management: Single transaction position ≤5%, stop loss must be brought! ? Summary: Prioritize rebound shorts during the day, but be wary of bullish counterattacks near 3180. Strictly follow the signals and don't hold orders!
The U.S. dollar just plunged through the 0.8400 handle, cratering to fresh multi-month lows near 0.8145 against the Swiss franc. ? Price is decisively below both the 50- and 200-day SMAs ? MACD shows deepening downside momentum, well below zero ? RSI is in oversold territory at 18.79, highlighting stretched bearish sentiment While the RSI suggests a short-term bounce could be due, the broader trend has clearly turned bearish. As long as USD/CHF holds beneath the former support at 0.8400, bears remain in control — and the path toward 0.8000 or even lower could be open. -MW
The British pound surged through the 78.6% Fib retracement near 1.3149, extending its post-breakout rally with a +0.77% daily gain. Price is now on track to test the September swing high at 1.3440 — the next major resistance zone. ? Price has reclaimed both the 50- and 200-day SMAs ? MACD is showing bullish momentum above the zero line ? RSI sits at 64.98 — bullish, but nearing overbought territory As long as GBP/USD holds above 1.3149, the path of least resistance remains higher. A clean break above 1.3440 would confirm a major trend reversal and open the door to a broader bullish cycle. -MW
XAUUSD looks to be moving in this weird shape thing. I believe it will break down after testing the trend line. 3190 is the safest support for now.
Descending wedge and backtest of trendline Insane Not financial advice
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