Technical Analysis: Trend Identification: If GBP/USD has been in a downtrend or showing signs of weakening, traders might predict further declines. Support and Resistance Levels: If the price is approaching a key resistance level and struggling to break through, there could be a short-term reversal, leading to a bearish move. Indicators: Indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) might suggest that the pair is overbought or is showing bearish divergence, prompting a 100-pip decline. Fundamental Analysis: Economic Data: Weak economic data from the UK (e.g., lower GDP growth, poor employment numbers) could weaken the GBP against the USD. Interest Rates and Monetary Policy: If the Bank of England signals that interest rates might not rise, or the Federal Reserve continues with a hawkish stance, this could push GBP/USD lower. Geopolitical Events: Political instability in the UK or global market risk-off sentiment can also drive the pound lower. Market Sentiment: Risk Appetite: In times of heightened global uncertainty, the USD often strengthens as a "safe haven," which could cause GBP/USD to drop. Positioning: If traders are heavily long on GBP/USD, a shift in sentiment or a change in the fundamental backdrop could trigger a correction of 100 pips or more.
I can’t even find the Open Layout or Save layout. Unbelievable.
The current price action is trading at a bullish level within a sensitive zone, marked between 6,102 and 6,002. For today's projection, the price is expected to initially test the upper boundary of this zone at 6,102. Upon reaching this resistance level, it is anticipated that the price will face rejection, leading to a short-term correction. However, following this retracement, bullish momentum may resume, driving the price upwards again with an aim to break the last resistance level at 6,102. If this breakout occurs, the market would likely establish a new high level, signaling a continuation of the uptrend. Conversely, for a bearish scenario to unfold, the price would need to decisively break below the 6,002 support level. This would require a 4-hour candle to close below this critical zone, confirming a downward trend. If such a break occurs, it could lead to a significant price drop, potentially targeting the lower support levels.
NASDAQ:SOFI You might be wondering what my next target is. If this megaphone pattern plays out, I expect the stock to hit $23 next. See supports, resistance and targets levels in the chart. As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
#TSM 31.1.25 ep - 208.26 sl - 201.98 (3.1%) tp - 221.34 (6.19% RRR - 2X
if Price manages to close above 2.33 on the weekly i think the next target should be 4$, then if broken 8$ and 10$ . tremendous upside potential
short term possible path has been drawn COINBASE:BTCUSD BYBIT:BTCUSDT
#MP 31.1.2025 ep - 21.76 sl - 21.06 (3.22%) tp - 23.16 (6.43%) RRR - 2X
Gold forecast and technical analysis H1 Time Frame Almost Half target archive. Not financial advice
Recently, the Australian dollar declined against the U.S. dollar to 0.6311, marking its lowest level since March 2020. One of the main reasons behind this decline was the strength of the U.S. dollar, which has lost its upward momentum recently, increasing the chances of a rebound in the AUD/USD pair. The recent positive rebound of the AUD/USD pair has broken the last lower high, which is considered a bullish signal and a shift in trend from bearish to bullish. The current decline is seen as a correction, and based on the Fibonacci retracement tool, the 0.61742 level supports the possibility of another upward move, with a short-term target at 0.6282. However, if the price falls below 0.61311 and records a daily close beneath this level, the bullish scenario will be invalidated, and the bearish outlook will regain control over the AUD/USD pair.