Given the 1-hour chart of XLM/USD, here's an in-depth technical analysis: Price Action & Trend Analysis: Current Price: $0.449910 USD, showing a recent test of lower levels after a peak near $0.49. Trend: The price has been in a downward trend but seems to be finding support around the $0.45 level. This could be a pivot point for either a bounce back or a breakdown. Moving Averages: 200-period SMA (Simple Moving Average): The price is trading below this long-term average, indicating a bearish sentiment over a longer time frame. 50-period SMA: The price has also dipped below this shorter-term average, reinforcing the bearish outlook in the short term. Volume: The volume appears subdued, suggesting a lack of strong buying or selling pressure. This might indicate consolidation or a wait for a market catalyst. Fibonacci Retracement: The chart shows Fibonacci retracement levels from a recent swing low to high. Key levels to watch: 0.382 at $0.41841100: This could be a strong support level if the price continues to decline. 0.5 at $0.43855500: A test of this level could indicate further resistance or support, depending on price action. Indicators: Stochastic RSI: Positioned below 50, indicating a potential bearish phase or preparation for a bounce if it turns upwards. MACD: While not visible in the provided image, typically, if the MACD line were below the signal line, it would suggest bearish momentum. Conversely, a crossover above the signal line would be bullish. RSI (Relative Strength Index): At 45.57, it's neutral but shows a bearish divergence (price makes higher highs while RSI makes lower highs), which could precede a price drop if support doesn't hold. Support and Resistance: Support: Around $0.418 (0.382 Fib level). If broken, the next support could be lower, around previous lows or psychological levels. Resistance: Near current price levels and above at $0.462 (0.5 Fib level). Strategy: For Sellers: Consider entering on a confirmed break below $0.418 with stops just above this level to manage risk. For Buyers: Look for bullish signals or a clear reversal pattern forming near the $0.418 support, with stops below this level. Market Sentiment: Given the bearish signals from moving averages and RSI divergence, the market might be leaning towards further downside unless supported by volume increase or positive news. Final Thoughts: Always watch for volume spikes which could confirm the current trend or indicate a reversal. Keep an eye on global crypto market sentiment, as XLM often correlates with broader market movements. Use additional tools like trend lines, chart patterns, or other indicators for confirmation before making trading decisions. This analysis provides a snapshot based on the given chart. Always combine technical analysis with fundamental analysis and risk management for the best trading outcomes.
EUR/ZAR SHORT: Double Sell Signal Confirmed by Technical Analysis On the 1-hour chart (1H) of EUR/ZAR, a clear downward breakout provides a strong sell signal. This bearish move is further supported by favorable technical conditions: the price has broken below key moving averages, indicating a potential trend reversal. Additionally, the analysis on a higher timeframe, the 4-hour chart (4H), reveals that we are in an overbought zone. This condition, combined with the behavior of the Alligator indicator, which signals convergence toward selling, further strengthens the decision to open a short position. The setup is particularly appealing due to its risk/reward ratio of 3:1. This implies that for every unit of risk, a return three times greater is expected. The stop loss is strategically placed above recent highs to protect capital in case of adverse price movements, while the take profit is set in a significant support area where the price may rebound. Finally, position management is crucial: the risk is limited to 0.5% of the capital, showcasing a well-structured strategy focused on long-term sustainability. This analysis combines technical elements across multiple timeframes, providing a solid foundation for a short trade on EUR/ZAR.
Upon completion of an impulsive wave to the downside, we are now in a correction which should target the 0.57 to 0.574 zone. This matches the 50-61.8% pullback with the green ascending trendline previously broekn in mid-December.
Important resistances 16,23,52,84,160,250 and 500, If the bullrun goes with hype, we will be able to reach perfectly all the leels, maybe more
Last week XAUUSD made a bigger correction up, retested the higher Daily FVG, rejected from there and went lower. Next week we could see price drop more (after a small correction up) to finish the (orange) W-X-Y Zigzag correction. Let's see what price does and react. Trade idea: Wait for a small correction up and a change in orderflow to bearish on a lower timeframe to trade shorts. If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
As we can see in daily chart Gold is following Ascending Channel Pattern since few weeks..It has reached on state to Buy as per Famous Dow's Theory...Sentiments of Global markets are Bearish which strongly gives signal that may some good spikes can be seen in gold in near future. Still put your stop losses below channel pattern. but patterns shows the Bullish side at-least till target of 2720 dollars.
Analysis of gold in the long term In Time Weekly, the market is in an upward trend, and in terms of Elliot waves, we are in the correction wave of May 4. The price floor and the main support of 2025 is 2464, and by maintaining the high price of this number, we buy gold for the numbers and target of 3000 and 3300 dollars.
Hi everyone, this video is just for educational purposes only and should not be considered a financial advice. Thank you
May buy around 300 se 400. 3 year horizon 1000 plus as per technical charts. No more retracement downside possible. Stop-loss 300
USDJPY traded bullish all week you can see this as a conformation on the daily and weekly trend lines. My bias would be bullish if we can break through resistance at 158.059 Entry for a buy would be 158.160 expecting to reach 160.276 which is next resistance. For a sell I would enter at 156.724 , need to watch out for 156.233 but if broken would expect a retrace to next support at 154.923 level As always use proper risk ,amagement and secure some pips when in profit