FX:USDJPY bumps into support and forms a false breakdown of the lower boundary of the local trend. The dollar is strengthening at this time, which may give a chance for growth of the currency pair. https://www.tradingview.com/x/EgmT330P/ The price stops in the zone of strong support, the fundamental background has been unstable lately and depends more on the USA. Everyone has long forgotten about the growth of interest rates in Japan and follows the economic data from the West. Technically, there are two triggers on the chart, one to buy and one to sell, but since the global and local trend is upward, the preference is to buy. If the currency pair is able to consolidate above 151.9 - 151.95, then in the short and medium term we should expect growth to the targets indicated on the chart. Resistance levels: 151.94, 153.7, 153.97 Support levels: 150.95, 149.52 But, if the dollar continues the correction and the bulls fail to realize the false support breakdown, the price return to 150.95 may provoke the support breakout and fall to 148.64. Regards R. Linda!
Taking a look at XAUUSD on the daily timeframe, RSI is well in the overbought territory. Does this suggest that gold might begin to pullback a bit in the days ahead? Let's take a look at the weekly chart. https://www.tradingview.com/chart/XAUUSD/5nRQFM0H-GOLD-Weekly/ The above chart shows bearish divergence with RSI and price action suggesting that prices may also drop in the upcoming days or weeks.
☀️ A ray of hope from us and what is drawn on the chart of total capitalization in the crypto market. But first, re-read the post from 31/12/24 ? https://www.tradingview.com/chart/TOTAL/n1wqlUER-Total-Crypto-Market-Capitalization-prediction-for-2025/ Pay special attention to paragraph 5️⃣ ? And now let's move on to the same chart - 1.5 months later, in a zoomed-in version. The minimum was recorded at $2.81 trillion with an estimate/forecast of $2.85t So, based on the fractal we proposed and built earlier, it turns out: 1️⃣ A “trial” wave of growth is coming soon 2️⃣ Then a short consolidation 3️⃣ In mid-March - the beginning of the alt-season. (Earlier we wrote that it would be a “miracle” if, despite the pessimistic forecasts that the Fed rate will not be reduced in the near future, it will be reduced on March 19) P.S: ❓ so, do you believe in what the charts are showing?) Do you believe in growth? ⁉️ If so, which “cluster” of altos will set the growth trend, in your opinion?
Based on 5m tf OB and 15m OB. Price should continue bullish for a bit We just had a high broken then a low broken. Price tanked on 5min tf so let’s see
Hang Seng Index Hits Four-Month High Amid DeepSeek’s Success As shown in the Hang Seng (Hong Kong 50 on FXOpen) chart today, the index has risen above the 21,500 mark for the first time since October 2024. According to Reuters, bullish sentiment is fuelled by optimism surrounding the success of the DeepSeek startup. Leading gainers include tech stocks: → Chipmaker Cambricon Technologies surged 6.2%; → AI firm CloudWalk Technology hit the 20% upper limit; → Major telecom operators China Mobile, China Unicom, and China Telecom also saw gains after announcing their collaboration with DeepSeek’s open-source model to "promote the inclusive adoption of cutting-edge AI technologies." Analysts at China Securities believe the uptrend could persist until the second half of March. https://www.tradingview.com/x/YttWH92j/ Technical Analysis of the Hang Seng Chart Applying Fibonacci retracement levels using the August low (A) and the October 2024 high (B), we can see how these levels acted as temporary support (marked with arrows) as the price retraced to the January low (C). In the most optimistic scenario: → The rally over the past three weeks may signal the resumption of the A→B uptrend; → Based on Fibonacci proportions, bulls may target the 1.618 extension of the initial move, implying a potential price level 61.8% higher than the previous peak. This suggests a possible target around 25,520, though this appears somewhat ambitious for the Hang Seng (Hong Kong 50 on FXOpen) given: → Rising inflation in China—today’s data shows the annual CPI climbed from 0.1% (previous reading) to 0.5%; → The prospect of escalating tariff tensions with the US after China retaliated against Trump’s 10% tariffs on Chinese imports. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
This chart represents a GBP/USD (British Pound to US Dollar) 1-hour timeframe analysis, likely indicating a buy setup. Here's what it suggests: Key Elements in the Chart: 1. Entry Point: Marked with a pointing finger (☝️) near 1.24310, suggesting a buy entry around this level. The price seems to have bounced off a support zone (pink area) and is now moving upward. 2. Trendline Support: A blue diagonal line is acting as an uptrend support, meaning price is expected to continue rising as long as it stays above this trendline. 3. Take Profit Levels (TP1 & TP2): TP1 (First Target) at 1.24894 TP2 (Second Target) at 1.25555 These are potential levels where the trader expects to close the trade for profit. 4. Expected Price Movement: The black arrow indicates an anticipated price retracement to the trendline before pushing higher towards TP1 and TP2. Conclusion: The trader expects GBP/USD to rise from the entry point and reach TP1 and TP2. If price stays above the trendline, the bullish move remains valid. A break below the pink support area could invalidate the setup. This is a classic trend-following buy setup based on support, trendlines, and price action. Let me know if you need a caption for your trading update!
XLM fractal from 2021 run is lining up to allow us to scoop up one last buy on the 200SMA- if buying near 200SMA (purple line) then on our way to a potential 1100 % gain until Mid 2026. As you can see there will be shake outs along the way.
Core Idea: A breakout below the key support zone at 1.4250 – 1.4245 is anticipated, with further downside momentum expected. The current price consolidation near this support suggests weakening bullish pressure. Technical Justification: • Support Zone: 1.4250 – 1.4245 • Expected Scenario: After breaking this zone, the price is likely to move towards 1.4180 and further down to 1.4120. • Invalidation Level: If the price rebounds above 1.4305, the breakout scenario will be invalidated. Trading Strategy: • Sell Stop below 1.4245 to confirm the breakout. • Take Profit 1: 1.4180 • Take Profit 2: 1.4120 • Stop Loss: 1.4305 Conclusion: The consolidation around the support indicates position accumulation ahead of a potential breakout. Placing a Sell Stop order will allow you to capitalize on this momentum with a precise market entry.
HBL ENGINEERING- Potential H&S Forming, bear case scenario Break of the crucial support decisively( full candle close) can test the low wicks earlier tested twice at 360-370 levels also. Keep a watch on the results also.
Market Analysis: NZD/USD Rebound: Signs of Trend Shift? NZD/USD is also rising and might aim for more gains above 0.5700. Important Takeaways for NZD USD Analysis Today - NZD/USD is consolidating gains above the 0.5600 zone. - There is a key declining channel forming with resistance at 0.5680 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis On the hourly chart of NZD/USD on FXOpen, the pair started a steady increase from the 0.5515 zone. The New Zealand Dollar broke the 0.5600 resistance to start the recent increase against the US Dollar. The pair settled above 0.5630 and the 50-hour simple moving average. It tested the 0.5700 zone and is currently correcting gains. The pair corrected lower below the 0.5660 level. However, the bulls are active above the 0.5630 level. https://www.tradingview.com/x/jdVO14wg/ The NZD/USD chart suggests that the RSI is now moving higher toward 50. On the upside, the pair might struggle near 0.5660. The next major resistance is near the 0.5680 level. There is also a key declining channel forming with resistance at 0.5680. A clear move above the 0.5680 level might even push the pair toward the 0.5700 level. Any more gains might clear the path for a move toward the 0.5750 resistance zone in the coming days. On the downside, immediate support is near the 0.5630 level. The first key support is near the 50% Fib retracement level of the upward move from the 0.5516 swing low to the 0.5702 high. The next major support is near the 0.5560 level. If there is a downside break below the 0.5560 support, the pair might slide toward the 0.5515 support. Any more losses could lead NZD/USD in a bearish zone to 0.5440. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.