CRYPTOCAP:DEXE might dip here potentially forming harmonics pattern with a divergence.
ASIAN PAINT has presented an opportunity for shorting. The stock has taken out yesterdays low and broken the Weekly Pivot zone as well which is a good entry signal. Target of 2213 is likely to be achieved within the next couple of days. SL would be today's high.
21st January 2025 DXY: If the price stays below 108.80, could see it trade lower to 107.80 (50% retracement) NZDUSD: Looking for retrace to 0.5690 and reaction to 0.57 round number. AUDUSD: Sell 0.6190 SL 20 TP 55 GBPUSD: Buy 1.2350 SL 50 TP 120 EURUSD: Could retrace higher, looking for reaction at 1.0460 USDJPY: Sell 156.20 SL 50 TP 100 EURJPY: Buy 161.20 SL 70 TP 120 GBPJPY: Buy 192.20 SL 40 TP 80 USDCHF: Could trade lower down to 0.9020 support USDCAD: Sell 1.44 SL 30 TP 90 XAUUSD: Currently 2730, price stays above 2720 could trade up to 2760
As you can see in the chart, GOLD still climbs higher and higher. Now, i see 2753-2757 as resistance for safe haven commodities. I think gold price now just overbought and have some potential correction movement to 2732.xx Traders and investor may look at the end of January when the FED give speeches about their outlook. If the say they wouldn't cut interest rate in next few month the gold price probably could fall down due to FED's high interest rate.
Like most major pairs, EUR/USD experienced a challenging final quarter of 2024, with the price dropping approximately 1,000 pips following the double top at 1.12. The start of 2025 saw a further decline, breaking below the 1.0350 support level and reaching a low of 1.0180. However, the market quickly reversed after this low. On Monday, a strong Bullish Engulfing candlestick formed, reclaiming the 1.0350 support level. Yesterday, this support was confirmed again, leaving a continuation Pin Bar on the daily chart. Adding to this bullish picture, the price also broke above the falling trend line, signaling a well-structured bullish setup. Currently, the bulls have the upper hand. If the price manages to break above the horizontal resistance at 1.0440, the path should be clear for a rise toward the 1.06 zone. In conclusion, buying on dips appears to be the ideal strategy, with invalidation of this setup occurring if the price falls below 1.03.
I have had accumulated some Pepe back in May of 2023. I have not sold any and am looking to exit my position sometime this year. I have charted up the divergence between Price action making lower lows while RSI and MACD have made higher lows. I have gone back through the past to find 3 different examples of divergences resulting in trend shifts from being bullish to bearish. Then after the bearish correction with some time you can see that there is a consolidation period. RSI MACD And Stoch RSI resets. Price RSI and MACD then diverge and after sometime price will base or then break out of a base resulting into a higher leg up. Pepe has been a very well performing Crypto Coin and has yet to make a higher high this year. Last time was in dec of 2024. I am currently looking for continued consolidation, Divergence of Price action RSI and MACD which I see some development of and I expect that in the near future we will see another leg Higher. What I will look for is a break out either above or below the consolidation and see how that correlates to the indicators I am starting off using this year. I do expect a higher leg up given the current environment of a President, Regulators and sentiment Leaning PRO Crypto.
Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
Gold price is breaking the resistance zone of 2750 and heading towards 2761. When gold increases when forming a downtrend or breaking the trend, it will decrease very strongly and deeply to 2725. Breaking this zone must reach 2691. 2788 is today's resistance zone.
Hi trader's. What do you think about bitcoinusd Current price 105600 Bitcoinusd H4 created 'W' and now retestment Is possible as it can test the areas of 104500 and 103500 but it would not change the trend and these areas will support Bitcoin to go up. Support zone 104500.103500 Resistance zone 108000 Supply 1010500 Please don't forget like comment and follow
Speculation is swirling about hidden bearish forces potentially impacting Bitcoin's trajectory. Amid fluctuating market conditions, some analysts suggest that these underlying pressures could push Bitcoin's price to 103k. While the exact triggers remain uncertain, market sentiment and external factors are key drivers to watch in the coming days.