Trading Idea on 1-Hour Chart (H1): The EUR/USD pair is showing signs of a potential bearish continuation after testing a key resistance zone around 1.0540 - 1.0544, which aligns with a previously broken downward trendline. The market structure on the H1 timeframe indicates lower highs, suggesting sellers are regaining control. Technical Confirmation: Key Resistance Zone: The 1.0540 - 1.0544 area acts as a significant rejection point where bullish momentum appears to be weakening. Break-Retest Pattern: The price broke below a descending trendline and is now retesting the zone, showing clear signs of rejection. RSI Indicator: The RSI is currently near 60, reflecting recent bullish movement but remaining below overbought levels, which signals potential exhaustion in the upward move. Technical Confirmation: Key Resistance Zone: The 1.0540 - 1.0544 area acts as a significant rejection point where bullish momentum appears to be weakening. Break-Retest Pattern: The price broke below a descending trendline and is now retesting the zone, showing clear signs of rejection. RSI Indicator: The RSI is currently near 60, reflecting recent bullish movement but remaining below overbought levels, which signals potential exhaustion in the upward move. Summary: This idea is based on a bearish continuation pattern following rejection at a key resistance zone, supported by trendline retest and weakening bullish momentum. Confirmation on lower timeframes (e.g., M15) is recommended before entry.
The S&P 500 is currently showing bullish momentum, supported by strong corporate earnings and stabilizing economic conditions. As of today, it is trading at 5,699.98, reflecting significant growth year-to-date. Analysts project further upside due to strong fundamentals, including earnings growth and resilience in consumer spending. Technical analysis indicates the index remains within an upward channel, with potential resistance near 6,100, suggesting room for gains if economic stability persists
Analysts suggest a cautiously optimistic outlook for buying the Dow Jones, focusing on sectors showing resilience, such as technology and healthcare. A bullish case relies on sustained support at key technical levels and easing inflation concerns. It’s vital to monitor Federal Reserve signals, as dovish guidance could provide further momentum. Stay alert for any pullback opportunities to align with broader market sentiment. Always consider risk management
Enjoy the over 120K. That is just an idea but i draw that lines last year just before the 40 K. there is a pattern you should consider.
BTC is up against a serious resistance zone. Golden Covid fib makes the lower boundary. Semi-major Genesis fib for upper boundary.
Looking at PEPE's weekly RSI price could be gearing up for another massive leg to the upside. Taking a look at the weekly RSI we are watching for a bounce from the 70 level (green arrows). If strength can bounce off of overbought conditions, we could see a "euphoria" leg for PEPE.
CAKE/USDT 4H Technical Outlook ? ? Price Action: Current Price: $3.36 Support Zone: $3.13 - $3.31 (Fibo 0.618 - 0.705) This area is acting as a strong demand zone. Resistance Levels: $3.55 (Fibo 0.5) and $4.58 (Key resistance level). ? Expected Scenario: If the support zone holds, the price may first test $3.55. A breakout above this level could lead to $4.58. Breaking $4.58 opens the door for targets at $5.14 - $5.86. ⚠️ Key Levels to Watch: If the support fails, the next zones to watch are $2.95 and $2.52. RSI is showing signs of recovery, but increased volume is needed to confirm momentum. ? Summary: CAKE is gathering strength at key support and could trigger an upward move. #CAKE #Crypto #Altcoin #TechnicalAnalysis ?
Brief Description?️: The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 0.64170 to 0.64210, respectively, is highlighted. Things I Have Seen?: Important Supply Zone?: Identified between 0.64170 and 0.64210 serving as a low-risk sell. Bearish Targets?: 0.63980 : Possible retracement area. 0.63850 : Possible retracement area. 0.63800 : Possible retracement area. 0.63600: Possible retracement area. 0.63650 : Significant supply zone. 0.63500 : Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
Altcoin season is just around the corner, with all the new USDT being printed to pump altcoins and BTC realizations to further spill over to other assets. USDT.D is waiting for a huge collapse and fall into the 2% area. Let the altseason begin! Horban Brothers.
The price is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.2547 1st Support: 1.2329 1st Resistance: 1.2734 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.