CADJPY – Short-Term Weakness ? Short Bias | ? Target: 107.61152 | ⏳ Deadline: Feb 14 After a recent attempt to push higher, CADJPY is struggling to maintain momentum. Watching for a potential move lower toward the 107.61152 target as sellers gain control. ? All trades can be replayed on TradingView for confirmation. #CADJPY #Forex #TradingView #MarketAnalysis
? Market Insights Gold continues to trade within an upward channel, showing resilience despite global macroeconomic pressures. Several key factors are currently influencing price action: ? ? Indian Demand & Seasonality: India is one of the largest consumers of gold, and with wedding & festival seasons approaching, physical demand remains strong. Increased gold imports and jewelry demand may further support prices. ? ? Macroeconomic Drivers: US PPI inflation came in hotter than expected, but a deeper look at the data suggests a more balanced inflation outlook. CPI data last week also showed rising inflation, raising speculation that next week's PCE data (the Fed’s preferred inflation gauge) might be softer. US tariff delays on major imports have slightly improved global sentiment, reducing pressure on safe-haven assets. ? With strong seasonal demand from India and mixed economic data, gold could see further upside, potentially testing new all-time highs (ATH). ? Key Technical Levels to Watch ? Resistance Levels: ✅ 2933 – First key resistance level ✅ 2942 – Major supply zone ✅ 2960 - 2990 – High volatility zone ? Support Levels: ✅ 2925 - 2920 – Key breakout retest level ✅ 2914 - 2908 – Strong support area ✅ 2895 - 2882 – Lower buy zone ? If gold holds above 2922 - 2920, the uptrend remains valid. A break below may indicate a short-term pullback. ? Trading Plan for Today ? BUY SCALP SETUP: ? Entry: 2908 - 2906 ? SL: 2903 ? TP Targets: 2912 - 2915 - 2920 - 2924 - 2928 ? BUY ZONE (Long-Term Positioning): ? Entry: 2884 - 2882 ? SL: 2879 ? TP Targets: 2884 - 2892 - 2896 - 2900 - 2905 - 2910 ⚠️ SELL SCALP SETUP: ? Entry: 2940 - 2942 ? SL: 2945 ? TP Targets: 2936 - 2932 - 2928 - 2924 - 2920 ? SELL ZONE (High-Risk Reversal Area): ? Entry: 2959 - 2961 ? SL: 2965 ? TP Targets: 2954 - 2950 - 2946 - 2942 - 2936 ? It's Friday, and market volatility may increase. Be cautious of liquidity sweeps and strictly follow TP/SL to protect capital! ? Risk Management & Key Considerations ✅ Monitor bond yields & DXY for trend confirmation. ✅ Follow TP/SL strictly to avoid unnecessary risk exposure. ✅ Stay updated with key economic data releases. ? Do you think India's gold demand will keep pushing prices higher? Drop your thoughts in the comments! ??
The EUR/USD pair is currently trading within an ascending channel, showing a strong recovery from previous lows. Here are the key observations from the chart: Key Technical Insights: 1️⃣ Breakout Confirmation: The price has successfully broken out of the previous descending trendline, confirming a bullish shift. The breakout retest (circled in yellow) aligned with the moving averages, signaling further upside potential. 2️⃣ Current Market Structure: EUR/USD is trading near 1.046, approaching the upper boundary of the rising channel. A potential resistance zone (circled in orange) is visible, where the price may face rejection. 3️⃣ Potential Scenarios: Bearish Scenario: If price gets rejected at resistance, a pullback towards the midline or lower channel support near 1.042 - 1.038 is possible. Bullish Scenario: If EUR/USD finds support after a correction, it could attempt another breakout above 1.050 for further upside. Trading Approach: ? Watch for confirmation near the upper channel resistance. ? Key support zones: 1.0420 - 1.0380. ? Breakout above 1.050 could trigger further upside momentum. ? What’s your view? Do you expect a correction or a breakout? Let’s discuss! ?
Gemessen an der Entwicklung des Goldpreises zeigt der aktuelle Markt einen stetigen Aufwärtstrend und bildet mehrere typische Muster des „aufsteigenden Dreiecks“. In der technischen Analyse deuten Dreiecke häufig darauf hin, dass sich der Markt in einer Konsolidierungsphase befindet. Sie bedeuten aber auch, dass die Preise weiter steigen können, insbesondere nach dem Durchbrechen der oberen Linie. Der Anstieg des Goldpreises zeigt eine starke optimistische Marktstimmung. Zunächst startete der Preis bei 2.812,56 $ und stieg bis auf 2.838 $, bevor es zu einer Korrektur kam. Dieser Rückgang unterbrach den Aufwärtstrend des Marktes nicht, sondern bildete stattdessen ein neues Unterstützungsniveau, was darauf hindeutet, dass Käufer bei einem Rückgang in den Markt eintraten und das Unterstützungsniveau stark war. Anschließend durchbrach der Goldpreis erneut den Widerstandsbereich von 2.838 US-Dollar und stieg schnell bis auf 2.879 US-Dollar, womit er sich einer neuen Höchstrunde näherte. Das Preismuster zeigt, dass der Goldpreis auf mehreren Schlüsselniveaus starke Unterstützungslinien gebildet hat und die Erholung nach jedem Rückgang recht deutlich ist. Kurzfristig nähert sich der Goldpreis der psychologisch wichtigen Marke von 2.940 US-Dollar und könnte auf Widerstand stoßen. Wir müssen derzeit auf die Preisentwicklung des Marktes achten, um zu sehen, ob er dieses Niveau durchbrechen und weiter steigen kann. Kommt es zu einem Preisrückgang, können sich die Unterstützungsniveaus auf die vorherigen Bereiche von 2.879 USD und 2.838 USD beziehen. Generell ist der Goldpreis dem Chartmuster nach weiterhin im Aufwärtstrend und dürfte die Widerstandsmarke durchbrechen. Anleger sollten Marktschwankungen aufmerksam verfolgen und Kaufgelegenheiten bei Kursrückgängen auf niedrigem Niveau nutzen. Gleichzeitig sollten sie auf Durchbruchsignale achten, um potenzielle Aufwärtschancen zu nutzen.
Technical Analysis: Accumulation Progressive increase in volume on the daily chart Double crossover (MACD and EMAs) on the daily chart Momentum
Key Observations: • Current Price: 2,928.940 • Bullish Channel: The price is moving within an upward-sloping channel. • Highlighted Box Zone: This appears to be a potential consolidation area. • Breakout Expectation: The price is expected to break out upwards, with a target around 2,979.350. • Volume Data: Visible at the bottom, which helps analyze market activity. This chart suggests a bullish momentum,
Targeting a continuation towards the next resistance zone with stops below swing lows to manage risk. If the Euro holds above this support area, I expect further upward movement to finish the week. Stay tuned and monitor for any pullbacks that could offer better entry points for the next leg up!"
Technical Analysis: Rounded bottom accumulation and compression Increase in bullish volume Crossover of EMA 20 and EMA 200
Nifty Analysis – Key Support & Resistance Zones ? Support Zones (Green): 22,935 - 22,926: Strong support area where buyers may step in. A break below this level could lead to further downside. ? Resistance Zones (Red): 23,296 - 23,317: First major resistance zone. 23,382 - 23,400: Another key resistance area. 23,440 - 23,479: Strong resistance—breakout above this could signal bullish momentum. ? Current Trend: ✅ Trading Plan: Bullish Scenario: Watch for a breakout above 23,153 for a potential move toward 23,296+. Bearish Scenario: A breakdown below 23,019 could push the price toward 22,935 - 22,926. ? Keep an eye on price action near these levels and manage risk accordingly!
Price made a decent liquidity sweep at the previous high, and successfully broke the structure at the bottom. If we can continue to see price retrace correctively, we have a sell trade opportunity soon.