Struggle near 200EMA turned into rejection where sellers took over the zone on Bitcoin. We got what we've been looking for and now we expect to see further movement to lower zones, which will probably continue until Monday. We will monitor the market today and if sellers keep this kind of dominance, then it will be confirmed! Swallow Team
It is always useful to look at charts over the longest possible period. * What i share here is not an investment advice. Please do your own research before investing in any asset. * Never take my personal opinions as investment advice, you may lose all your money.
As discussed throughout my Wednesday's session commentary: "Technical analysis: This and last week’s Fundamentals missed their estimates by a respectable margin and the DX found the Support and already pulling back on a strong Hourly 1 chart’s Bull candle. Bond Yields also followed that sequence (found Buyers on spiral downtrend aftermath) and the only reason Gold hasn't acted according to it’s first negative then diagonal correlation is the consolidation of Investors capital on High levels (using Gold as an safe-haven in High demand). Soon enough I am expecting 2 Gaps to be closed (DX downwards and Gold upwards) which will be ultimate Profit opportunity where Gold will deliver aggressive Buying sequence where I will be ready to pursue #3,027.80 Resistance zone beginning first then #3,07.80 Resistance in extension. However the Price-action is just above its Hourly 4 chart’s Support zone and it should start trending upwards anytime, so according to my Technicals and assuming no new Fundamental surprises, Gold is on the verge of an aggressive Bullish trend extension taken from recent local Low's. As long as Hourly 4 chart remains stable (Ascending Triangle slowly forming), Gold has more chances of breaking the #3,052.80 benchmark Higher High’s local peak than testing and breaking Daily chart’s Support zone (#3,000.80 benchmark barrier and below). My position: I will continue Buying every dip on Gold taken from my calculated re-Buy zones as long as #2,992.80 - #3,000.80 Support zone is preserved and rejecting every downside break-out attempt." Technical analysis: Despite the strong Bullish candle sequence on DX, Gold remains aggressively Bullish and above my Medium-term Support for the fractal as the U.S. session approaching and geo-political fears resurfacing. However, #3,037.80 - #3,052.80 is new / old Support zone made by the Hourly 4 chart’s candlestick configuration after Ascending Triangle break-out to the upside on Hourly 4 chart. Gold is still not pulling back again after it failed to break above it’s Higher High’s Upper zone on the Hourly 4 chart / however way above new ATH's. Still I haven’t got confirmation for Short-term Selling opportunity and it is still not worth entering the market without tight Risk management (all correction attempts are rejected due Fundamental Buying pressure). Monday’s session Wall Street opening Bell can have Bearish impact also on DX, hence Bullish for Gold. My Buying bias is unchanged as I will treat Bear spikes as an oscillation from Overbought to Neutral (Williams%), which may create new space for aggressive Bullish extension. Needless to mention, current environment is Gold friendly (recession fears, safe-havens such as Gold are in High demand, Fed stance). Spot how Gold's strong Resistance level is far from fair symmetrical manner with disastrous side Swings on DX as my strongest correlation so far. I am Highly sceptical, and having strong reservations of current Gold’s relief rally extension as I do believe that we are near the Ultimate Top, and since it is last session of the week, I do believe Profit Taking will take place as I don't have any active Buying orders / all closed with recent High's. My position: As stated above many times, Gold is on undisputed Bullish trend and total Bullish domination however Gold is near the Top and Sellers can expect some Selling action due to critically Over-bought waters Gold is Trading in. I am Buying every local Low's on Gold for a long time now for once again brilliant Trading week. I am satisfied with my results and taking early weekend break.
USD/CAD Bearish Trade Setup – Key Resistance & Target Projection Analysis: Timeframe: 30-minute chart Current Price: 1.43248 Indicators: EMA (200, Blue): 1.43024 (Key Dynamic Support) EMA (30, Red): 1.43142 (Short-term trend) Resistance Zone (Supply Area): 1.43300 - 1.43450 Support Level (Rejection Zone): 1.43085 - 1.43024 Trade Setup: Entry Zone: Around the rejection level near 1.43142 Stop Loss: 1.43435 (Above the resistance zone) Take Profit Target: 1.42355 (EA Target Point) Projection: Price is expected to reject the resistance zone, drop below the 200 EMA, and test the lower target at 1.42355. If price confirms rejection at resistance, a short (sell) opportunity is valid. A break above the stop-loss level could invalidate the bearish bias. Conclusion: Bearish momentum is anticipated if price respects the resistance zone. Confirmation from price action (candlestick patterns) will strengthen the trade setup.
BTC is currently testing a key demand zone near the $84,800–$85,200 range, aligned with the ascending trendline support. This area has previously acted as a launchpad for bullish moves, making it a critical level to watch. ? Scenario 1 (Bullish): If price holds above the yellow support zone and the trendline, we could see a bounce towards $86,800–$88,500. Confirmation: Bullish engulfing on lower timeframe or break above local resistance. ? Scenario 2 (Bearish Breakdown): If BTC breaks below the trendline + demand zone, we may see a sharp decline toward $83,000–$82,000. Watch for a retest of broken support as resistance. ? Plan: Wait for confirmation. No rush entry. Entry will depend on price action and reaction to this confluence zone. Risk management is key with proper SL below/above zones. Let me know your views in comments!
ETH is currently showing signs of weakness. I anticipated stronger buying pressure and a significant bounce from the $1900 levels. However, this scenario hasn't played out, and instead, a bearish flag has formed on the daily chart. This pattern suggests a potential target around the $1300 range. Stay cautious—avoid FOMO and refrain from entering long positions at this stage.
Sumitomo chem poised fr a good move! Strong price action, bullish trend in place!
BTC PERPPETUAL TRADE BTC SELL SETUP Currently $85,300 Sold at $85,220 (Trading plan If BTC up to $87,000 we will add more sell) Expecting target $83,200 0R DOWN Incase of early exist will update this anaylsis Its not a Financial Advice
EUR/USD Candles in Buy channel if the price holds at the 1.07600 level, it could potentially show a bullish move, with resistance zones at 1.08100 and 1.08500. This suggests a possible upward trend if the price successfully breaks through these resistance levels. If you are trading, it’s essential to keep an eye on key factors such as market sentiment, economic indicators, and global events that could influence the EUR/USD movement. Plz like and comments for more analysis Thanks Traders.
Fter that correction of wxyxz i expect nasdaq to buy