https://www.tradingview.com/x/PJ5usozy/ Please, check our technical outlook for GBPCAD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.851. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.834 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
? Chart Overview Instrument: BTC/USD Timeframe: Likely 4H or Daily Indicators Used: EMA 50 (Red) – 84,924.30 EMA 200 (Blue) – 85,558.47 ? Key Technical Observations 1. Ascending Triangle Formation The chart shows a clear ascending triangle, a bullish continuation pattern. Flat resistance zone: Around $88,700–$89,000. Higher lows forming a solid upward sloping trendline, suggesting increasing buying pressure. 2. Price Above Key EMAs Current price: $88,779.43, which is above both the 50 EMA and 200 EMA. This indicates bullish momentum as price breaks above dynamic resistance levels. 3. Volume Consideration (Missing) While volume is not visible on the chart, an ideal breakout from an ascending triangle should be accompanied by increasing volume to confirm validity. ? Possible Scenarios ✅ Bullish Breakout A confirmed breakout above $89,000 with strong volume can lead to a measured move toward: Target = Triangle height ≈ $13,000 → Potential target: $101,500 – $102,000 Next resistance levels to watch: $92,000, $95,000, and $100,000 psychological zone. ❌ Fakeout or Rejection If BTC gets rejected at resistance, watch for: Retest of support trendline (~$86,000). EMA 50 and 200 as dynamic support around $84,900–$85,500. Breakdown below the trendline may signal a short-term correction to $80,000–$82,500. ? Conclusion BTC is at a crucial decision point. The ascending triangle suggests bullish potential, but a breakout confirmation is essential. Price is above both major EMAs, signaling strength, but a rejection from resistance could invite short-term bears.
? Gold Price Outlook – Short-Term Move Expected Gold is currently trading around $3452. We're anticipating a dip towards the $3435 area in the short term as part of a corrective move. This zone could act as a potential support level, where buyers may step in. Following this expected pullback, we’re looking for a bounce back up toward the $3484 area, targeting a short-term bullish recovery. ? Key Levels to Watch: Support Zone: $3435 Resistance Target: $3484 As always, manage your risk accordingly and watch for price action confirmation at these levels.
https://www.tradingview.com/x/ee1aUmuk/ Here is our detailed technical review for GBPAUD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2.090. The above observations make me that the market will inevitably achieve 2.149 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
The 15-minute chart of the NASDAQ shows a recent bullish move following a correction. I identify an interesting technical structure that could indicate an upcoming directional move. Technical Analysis: Patterns and Structure: Symmetrical Triangle (A): The price has formed a symmetrical triangle between points (B) and (D), suggesting consolidation before a breakout. This pattern is neutral, but the recent upside breakout indicates a possible bullish continuation. Fibonacci: The retracement from the high at (D) to the low at (E) reached the 38.2% Fibonacci level, which acted as dynamic support (17,804.1). This level is key and reinforces the validity of the current rebound. Support and Resistance: Support: The 17,804.1 level (38.2% Fibonacci) and the triangle base at 17,797.2 are key supports. Resistance: The next upside target is at 18,230.6, a previous resistance level. If the price breaks above it, it could target 18,400. Trend: The breakout of the symmetrical triangle and the rebound from the 38.2% Fib confirm a short-term uptrend. The price is breaking the triangle's downtrend line (E), reinforcing the bullish momentum. Trading Idea: Entry: Consider a long entry (buy) at the current level (~18,000) or wait for a pullback to the support at 17,804.1 for a better risk-reward ratio. Target: First target at 18,230.6 (resistance). If the momentum continues, the next level to watch is 18,400. Stop Loss: Below the support at 17,797.2, to protect against a false breakout. Risk/Reward: An entry at 18,000 with a stop at 17,797 and a target at 18,230 offers an R/B ratio of approximately 1:1.2. Conclusion: The NASDAQ at 15M shows a bullish breakout following a symmetrical triangle, with support at the 38.2% Fibonacci level. The short-term trend is bullish, with an initial target at 18,230.6. Monitor support at 17,804.1 to confirm the continuation of the move. This analysis is concise and structured for a TradingView post. If you need adjustments or more details, please let me know. Disclaimer: Grok is not a financial advisor; please consult one. Do not share information that could identify you.
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