- GBPUSD reversed from the long-term resistance level 1.3430 - Likely to fall to support level 1.3200 GBPUSD currency pair recently reversed down from the long-term resistance level 1.3430 (previous yearly high from last year) standing close to the upper daily and weekly Bollinger Bands. The price also earlier reversed down from the resistance level 1.3430 creating the weekly Shooting Star last week. Given the overbought weekly Stochastic and the strength of the resistance level 1.3430, GBPUSD currency pair can be expected to fall to the next support level 1.3200.
Gold market analysis: Gold has started to fluctuate and hover in the short term. There are opportunities for buying and selling in short-term operations. Yesterday, we also arranged 3 buy orders at low levels. Today, we have to consider changing our thinking and sell it at a suppressed position. The reason is that the weekly line is a big tombstone, which means that the weekly line still has room to fall. This week is basically halfway through. The first half of the week is volatile, and the second half of the week will begin to follow the weekly line to decline. The direction of the daily line is currently vague, but the trend of the weekly line is relatively clear. It has risen and fallen sharply. The data did not support the technical decline of gold. Later, we need to pay attention to the impact of holidays on it. Today, friends who are short-term gold can still intercept in the range. If you want to make a big profit, sell at a high position and hold it. I estimate that it will waterfall. The horizontal time is too long, and the time to fall later will be longer. Look for opportunities to go short near 3320 in the Asian session. The suppression position is 3329. The current support is near 3300. From the perspective of form, this position still has support in the Asian session, but it is not sure whether it can continue to support gold in the European session. The current idea is to predict that if it breaks 3329, it is necessary to adjust the thinking to be bullish. In addition, the daily moving average is also beginning to turn up and suppress, and selling is beginning to move. Support 3300, pressure 3320 and 3329, the watershed of strength and weakness in the market is 3300. Fundamental analysis: Today, we will start to pay attention to the situation of ADP data, and there is also PCE data. Gold in the European and American sessions will definitely move greatly. Operation suggestions: Gold------short near 3320, target 3310-3280
Sell in May on the way? Looks like the Insignificant Range is between the two orange TL's, NAZ will need to break out of range. Red arrow above, 1st Danger Zone cliff (view prior Post's). 4HR has an M developing. Anyway, Tricks/Tweet's can only get you so high. 714 is KL to watch should it lift back up (in the O/N, at 3am).
Hey Ethereum traders! Let’s dive into this 1-hour ETH/USDT chart. I didn’t manage to post in time, and ETH has made its move — unfortunately, it’s not the one we hoped for! We had a classic triangle forming, with ETH consolidating between converging trendlines. The price was sitting around $1,803.65, teasing the daily high resistance at $1,842.89. I thought about a potential breakout toward the weekly high of $1,864.20, but instead, ETH broke below the triangle’s support line! Now that the breakdown has happened, we’re likely heading toward the weekly low at $1,754.28, or even the breakdown target of $1,691.30. https://www.tradingview.com/x/tuDbziKm/ Key Levels to Watch: Resistance: $1,842.89 (daily high), $1,864.20 (weekly high) Support: $1,780.47 (daily low), $1,754.28 (weekly low) Breakdown Target: $1,691.30 The bears have taken control for now — where do you think ETH is headed next? Let’s discuss below!
We got stuck in a correction after a heavy drop, and most market movements occur in two legs, I think we will fall into the second leg after hunting top liquidity .
wait for pull-back near by entry point and then go long general trend is down trend current phase is pull-back have fun :)
As Market is moving still in Falling wedge from 3330-3270 Key area 3305-3307 What possible scenario we have? Bearish scanario: - market Is in falling wedge channel -if market give closing below 3305 (body of candle)then ready for the next Drop towards 3280 then 3250 Bullish Scenario: - 3305 multiple rejection support resistance cluster -if candles remains above 3305-3308 then buy owards 3330 then 3380 target Overall im on bearish on THIS chart
Nifty has been closing near 24300-24360 for past few sessions. Today's closing is in consolidation zone, with big volume. A breakout may give a decisive move sometime soon. 54 mins. based chart is signals weakness but daily chart is neutral to somewhat strong. Back-to-back Dojis signal indecisiveness among participants.
Pharma Sector Stock Leading API (Active Pharmaceutical Ingredients) Manufacturer IOLCP (IOL Chemicals & Pharmaceutical Ltd) Technical Analysis After 70% correction from ATH supports visible in IOLCP: Parallel Channel Law of Polarity Volume Profile Anchored VWAP RSI
Today's Carryover pattern suggests the markets may attempt to trend slightly upward after the big downward pressure/GAP sets up this morning. As many of you are already aware, I have been predicting a May 2-5 Major Bottom in the markets. I would suggest today's carryover pattern may be negated by an early breakdown in the markets. If my May 2-5 Major Bottom pattern is going to show up, the markets would likely start to break downward today and tomorrow - leading to the Major CRUSH pattern on Friday. Gold and Silver appear to be consolidating into a flagging/cradle pattern. I believe the downward pressure on the markets will likely prompt a flush-out low in metals before another big rally phase sets up. BTCUSD is stalling and will likely pull downward as my May 2-5 Major Bottom pattern plays out. Basically, HEDGE your positions. This market looks like it will roll into a moderate low over the next 4-5+ days, then base and bottom after May 10th or so. As I've suggested, I positioned for this move about 4-5 days ago. Now, I just need to ride it out and start booking profits when they happen. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver