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Focus on USD and gold: DXY bearish signal and market dynamics🔍 Technical Observations On the H4 timeframe, the Head and Shoulders pattern on DXY has completed, signaling a potential strong reversal. Recent Decline: DXY has dropped sharply to the nearest Fair Value Gap (FVG) zone at 107.2xx - 107.5xx, where price reacted significantly. Correlation with Gold: Gold returned to its all-time high zone last week and reacted with a pullback of nearly 20 points, demonstrating the inverse relationship between the two assets. 📊 Technical Analysis DXY: Support at FVG Zone: Following a sharp rally fueled by FOMO over Trump’s election victory, DXY reached a high liquidity void and has since reversed. Head and Shoulders Pattern: The failure to break the nearest resistance level on H4 triggered a significant sell-off. Gold: Correction After Rally: Gold appears to have completed its bullish wave at a critical resistance zone, indicating a potential start of a corrective phase. 💡 Key Factors Impacting DXY Monetary Policy: Decisions by the Federal Reserve (Fed) on interest rates continue to have a major influence on DXY. If the Fed signals a dovish stance, further pressure on DXY is expected. Economic Data: Indicators such as unemployment rates, GDP growth, and inflation will shape investor expectations for USD strength. Weak data may contribute to a downward trend in DXY. Political Climate: Trump’s election victory initially created FOMO-driven momentum. However, upcoming trade and fiscal policies could significantly shift the market direction. 🔮 Outlook for the Coming Week Based on recent developments: Technical Trends: DXY remains in a corrective downtrend, with further downside likely unless key resistance levels on H4 are breached. Market Sentiment: Weak economic data or dovish Fed signals may add downward pressure. Positive surprises from economic or political factors could lead to a swift reversal. 📢 Share Your Thoughts! How do you think DXY and gold will perform in the coming week? 👉 Follow KevinNguyen-SimpleTrade for more insights, strategies, and updates! 🚀
TVC:DXY
by KevinNguyen-SimpleTrade
Gold prices have surged despite the strengthening of the USDThis rise is attributed to the weakening of the USD and uncertainty surrounding the policies of US President Donald Trump. Investor concerns about the potential for a trade war and market volatility have driven demand for gold as a safe-haven asset. President Donald Trump is currently considering imposing a 10% tariff on imports from China, effective February 1st. This is also the same date he previously announced a 25% tariff on imports from Mexico and Canada. Given these developments, I expect gold prices to continue rising, primarily due to increased buying for safety ahead of new actions by President Trump. Gold prices are now approaching record-high levels. Key economic data to watch this week: - Thursday: Weekly Initial Jobless Claims report in the US - Friday: S&P Flash PMI and Existing Home Sales data in the US Based on technical analysis, with support levels at 2,621 and 2,658, gold has maintained its upward momentum. With the latest support at 2,694, gold continues to trend higher and may break through resistance at 2,758. The trendline also indicates a short-term bullish trend. If there are no significant changes, traders may set stop-loss (SP) at 2,680 and take-profit (TP) at 2,750 to protect profits and minimize risk.
OANDA:XAUUSD
by Brigi_ta
EUR/USD rises as Trump’s mild tariff plan reduces USD appealEUR/USD continues to maintain a solid upward trend above the key support level of 1.0400 in the European session on Wednesday, following a strong recovery in the North American session on Tuesday. The pair remains stable as investors assess the new tariff policies of the U.S. to adjust their positions. Over the past two days, U.S. President Donald Trump announced a 25% tariff on imports from Mexico and Canada, and 10% on China, effective from February 1. Trump also threatened to take measures to address the U.S. trade deficit with the European Union, though he has not provided specific details. Earlier this week, Trump stated that he would tackle the issue by "increasing tariffs or requiring the EU to buy more oil and gas from the U.S." However, these tariff threats appear less aggressive than market expectations, reducing demand for safe-haven U.S. dollars (USD). The U.S. Dollar Index (DXY), which tracks the value of the greenback against six major currencies, is currently trading near its lowest level in two weeks, around 107.90. EUR/USD is trading steadily near its two-week high of 1.0430 in the European session on Wednesday, after rebounding from a more than two-year low of 1.0175. The pair has recovered strongly, thanks to a positive momentum divergence and price action. However, a bearish divergence signal would be confirmed if EUR/USD breaks above the immediate resistance level at 1.0440.
by Brigi_ta
Gold Price Today, January 22: Hits 2-Month HighGold prices today rose sharply to the highest level in more than two months due to a drop in the USD, making gold cheaper for holders of other currencies. Investors are flocking to gold due to concerns about the tariffs that U.S. President Donald Trump may impose on goods from Canada and Mexico in February. Trump's policies could also lead to higher inflation, causing the FED to maintain high interest rates, which would impact gold prices. As you can see, on the technical chart at 4 PM, gold is trading with an upward trend and with support at 2,692, gold could gain momentum and potentially reach the 2,800 target. The stop-loss (SL) can be placed below the support level at 2,680 to minimize risk. With this upward trend, if gold continues its momentum and surpasses 2,700, it is highly likely that the price of gold will keep rising and challenge the 2,800 range in the coming days. For investors, this is a time to pay close attention and monitor market fluctuations. If gold continues to maintain its upward trend with strong external support, it could be a great opportunity to enter the market and capitalize on the next price increases. However, it is important to adjust strategies in response to changes in the political and economic landscape to protect profits and minimize risk.
OANDA:XAUUSD
by Brigi_ta
EUR/USD stays below 1.0400 after Trump's tariff commentsThe EUR/USD pair is currently facing strong selling pressure, trading around the 1.0380 level during the Asian session on Tuesday, after partially recovering from recent losses. The Euro continues to be negatively impacted by expectations of a dovish stance from the European Central Bank (ECB). The market expects the ECB to continue cutting interest rates by 25 basis points in upcoming policy meetings, due to concerns over the Eurozone's economic outlook and low inflation. These expectations are further reinforced by the belief that inflation in the Eurozone will remain stable near the ECB's 2% target, while uncertainty surrounding US trade policies is increasing. Technically, key support levels for EUR/USD are at 1.0260 and 1.0180, with a strong resistance level at 1.0410. If EUR/USD fails to hold above these support levels and breaks through them, the downtrend may continue, with the next target potentially being 1.0100. Traders may consider selling if the pair continues to decline and fails to break the resistance level at 1.0410. A sell entry could be placed at 1.0400, with profit targets at 1.0260 and 1.0180. Be sure to set a reasonable stop loss (SL) at 1.0450 to protect the account in case of an unexpected market reversal. In conclusion, with the combination of bearish fundamentals and technical signals, EUR/USD may continue its downtrend if it breaks the key support levels of 1.0260 and 1.0180. Traders should pay close attention to these levels for potential selling opportunities.
by Brigi_ta
JPY eased slightly ahead of Trump's inaugurationThe Japanese Yen (JPY) fluctuated between small losses and slight gains against the US dollar, with the USD/JPY pair trying to stabilize around the 156.15-156.20 range during the early European trading session on Monday. Core machinery orders in Japan increased for the second consecutive month, signaling further recovery in capital spending. This, along with bets that the Bank of Japan (BoJ) will raise interest rates later this week, provided a modest boost for the JPY. Additionally, a fresh round of US dollar (USD) selling contributed to the day’s decline in USD/JPY. However, a generally positive risk tone and the uncertainty surrounding the trade policy of incoming US President Donald Trump limited any significant upward movement for the safe-haven JPY. Traders also seem hesitant ahead of Trump’s inauguration speech on Monday and the highly anticipated BoJ two-day policy meeting starting on Thursday. From a technical perspective, Friday’s recovery from the support level marked by the lower boundary of the long-standing uptrend channel is slowing down near the 156.55-156.60 region. This area now serves as the immediate resistance, and a new short-sell position could allow the USD/JPY pair to reclaim the round number of 157.00.
TFEX:USDJPY1!
by Brigi_ta
EUR/USD regained the 1.0300 level ahead of Trump's inaugurationDuring the European session on Monday, EUR/USD regained the 1.0300 level, benefiting from market optimism and a weakening US dollar. Investors are currently preparing for the inauguration of President-elect Donald Trump, which has boosted positive sentiment and led to a decline in the greenback. The market's focus on important political and economic events has created an opportunity for the Euro to recover. From a technical perspective, the pair is maintaining an uptrend, with strong support at 1.019. If the price pulls back towards this support level, it could present a buying opportunity. On the other hand, the key resistance level is at 1.032, where the price might face strong resistance. If EUR/USD manages to break through this resistance, the pair may continue its upward trend towards higher levels. Traders should closely monitor price action around the support level of 1.019 and the resistance at 1.032. A breakout through these levels could signal clear buy or sell opportunities depending on the market's next move. Key Levels to Watch: Support: 1.019 Resistance: 1.032 Trading Strategy: Stop Loss (BUY): 1.018 Take Profit (BUY): 1.035 Always keep a close eye on market developments and apply sound risk management strategies to optimize profits and minimize losses. Good luck with your trading!
by Brigi_ta
INFY BREAKOUT ON Daily TF and Weekly TFInfosys (INFY) has been in a prolonged phase of consolidation, repeatedly testing a well-established resistance level over time. Despite multiple attempts, the stock consistently retracted from this level without delivering a decisive breakout. However, INFY has now closed convincingly above this resistance on both the Daily and Weekly time frames. This breakout suggests a strong potential for an imminent upside, supported by technical confirmation. This setup presents a favorable risk-reward trade opportunity, with minimal risk due to the narrow stop-loss range. For investors with a long-term perspective, INFY also offers the possibility of substantial gains, even without relying on a stop-loss strategy. The breakout marks a critical juncture, highlighting its potential for sustained bullish momentum.
NSE:INFYLong
by AlphaTradesTM
BICO/USDT Looks Ready to Pump – Targets Up to $3.50BICO/USDT Looks Ready to Pump – Targets Up to $3.50 🚀 OMXSTO:BICO is showing strong momentum with good volume recently. If it holds the $0.2860 support level, we might see a big upward move. ▪️ Entry Zone: I am looking to accumulate between $0.32 and $0.29. ▪️ Targets: $0.66/$1.00/$1.83/$2.50/$3.50 ▪️ Stop Loss: To manage risk, the stop loss is set at $0.2540. Note: Watch the support level and volume closely for confirmation of the bullish trend. Not financial advice so DYOR.
Long
by CryptoPatel
BTCUSDT Analysis: Bullish Momentum and Key Support ZonesBTCUSDT is currently trading around 75,740 USDT after a recent bullish push, suggesting strong upward momentum. The chart shows clear support zones (highlighted in purple) that Bitcoin could revisit in case of a pullback, specifically around 74,000 USDT and 72,500 USDT. If BTC holds above these support levels, it could gain further traction to reach new highs, with targets in the 78,000 USDT - 80,000 USDT range. The current trend suggests that if Bitcoin retraces and tests the support, it could present a buying opportunity for traders looking to join the next potential leg up. Keep an eye on these critical levels, as a break below the 72,500 USDT support might indicate a shift in trend. However, for now, the bullish scenario remains intact, with promising upside potential if buyers continue to dominate.
by Sanhara
BTCUSDT: Long-Term Upside Despite Short-Term Dip ?BTCUSDT Holds Steady in a Downtrend – But Long-Term Growth Still in Sight BTCUSDT is currently trading around 68,045 USDT, continuing its downward trend. However, in the bigger picture, the coin remains within an ascending channel, hinting at the potential for future gains. From a technical perspective, I’m watching closely for a buying opportunity as the price approaches the lower boundary of this parallel channel. What about you? Do you see the same potential setup?
Long
by Sanhara
BTCUSDT Eyes Resistance at 70K: Short-Term Pullback ExpectedThis chart is of the BTCUSDT (Bitcoin/Tether) pair on the 1D (daily) time frame, showing that Bitcoin is in a strong uptrend within an ascending price channel. Brief Analysis: Uptrend in price channel: Bitcoin is currently trading within an ascending price channel with higher highs and higher lows. The price remains above the lower trendline of this channel. Resistance around 70,000 USDT: A strong resistance zone near 70,000 USDT could challenge further price increases. It is likely that the price will face selling pressure at this level. Correction scenario: The chart suggests a possible short-term correction after reaching the resistance zone, potentially dropping to the 66,000 - 67,000 USDT area before resuming the uptrend. Moving Averages (MA): The moving averages show a positive signal, as the price has crossed above them, adding momentum to the bullish trend. This supports the longer-term upward movement. Strong support: The key support level for this uptrend is in the 63,000 - 64,000 USDT range, where the moving averages converge. Overall, the uptrend remains intact within the channel, but a short-term pullback is possible before breaking through the major resistance levels for further gains.
by Suyouu
BTCUSD Key Resistance Zone: The chart highlights a strong resistance around 62,811 - 62,838 USDT, where price is expected to struggle to break higher. This area is a potential zone to look for sell setups if price retests it. Support Zone: The green highlighted area around 60,000 USDT acts as a crucial support zone. The price is consolidating within this area, and the next move depends on whether it breaks below or holds above this support. Bearish Scenario: If the price breaks below the support zone (around 60,000 USDT), the next target would be around 53,924 - 53,821 USDT (marked in red), a lower support area. Bullish Retest: In case the price moves up and retests the resistance at 62,838 USDT, this could provide an opportunity for a sell-off, anticipating a reversal back down towards the lower support. This chart shows a neutral consolidation with potential for either a breakout to the downside or a bearish retest of resistance.
BITSTAMP:BTCUSD
by Suyouu
Sell Strategy for BTCUSDT Based on the Provided ChartKey Resistance Zone: The chart indicates a strong resistance area around 63,657 - 63,679 USDT. This is where the price has previously failed to break higher and has shown signs of a reversal, making it a prime area to consider selling. Confluence Zone: There is a notable confluence zone marked between 61,776 - 61,929 USDT. This area is significant because it aligns with various technical factors. The price is likely to retest this zone before continuing the downward trend. A rejection candle (such as a pin bar or bearish engulfing pattern) in this area would be a strong confirmation to enter a sell trade. Entry Strategy: Wait for the price to return to the confluence zone (highlighted by the red arrow and circle on the chart). Once the price reaches this area, enter a sell position when there is a clear rejection signal, such as a bearish candle formation indicating price reversal. Take Profit Target: The ideal take profit zone is around 57,876 - 57,898 USDT, which is marked as a strong support area on the chart. If the downward momentum continues, this is a likely target for the price to hit. Stop Loss Placement: Place your stop loss above the resistance area, around 63,679 USDT. This will protect your position in case the price breaks above the resistance and shifts towards an upward trend. Summary of the Strategy: Entry: Around 61,776 - 61,929 USDT, upon observing a bearish price rejection. Take Profit: Target 57,876 - 57,898 USDT. Stop Loss: Set above 63,679 USDT to minimize risk. This strategy is based on the confluence of key technical levels, resistance, and support areas shown on the 4-hour chart. It focuses on waiting for a clear rejection signal before entering a sell trade.
Short
by Suyouu
BTCUSDT: The downtrend is aiming. Based on the chart analysis provided, it is recommended to approach the market with a bearish trading strategy for the BTC/USDT pair. The chart outlines key resistance and support levels, which suggest a downward price action if certain conditions are met. Detailed Trading Plan: Current Market Condition: The price of Bitcoin is trading below two key EMA lines, which signals a potential continuation of the bearish trend. The price has attempted to break through the resistance level near $62,700, but multiple rejections (indicated by red arrows) suggest that sellers are in control. Trade Setup: Sell Entry: Consider entering a short position if the price retests the resistance zone around $62,700 and shows rejection (bearish candlestick patterns or wicks). This is confirmed by the yellow circle on the chart, indicating potential price reversal. Target Levels: The immediate support level is identified near $62,000 (green zone). However, if this level is broken, the next target would be the $61,238 zone, marked by the dotted black line. This level represents a potential deeper correction. Stop Loss: Place a stop loss slightly above the resistance zone, around $62,800, to protect against potential upside breakouts.
Short
by Suyouu
BTCUSDT: Short term buying and selling strategy.Based on the BTCUSDT chart you provided, here’s a concise trading strategy: Resistance Area: The price range between $64,000 and $68,000 is acting as strong resistance. The price has previously been rejected at this level, signaling a potential sell opportunity. Sell Plan: If the price moves up and tests this resistance zone again ($64,000 - $68,000), consider entering a sell position upon seeing a bearish reversal signal. Set a stop-loss just above $68,000. Take-Profit Target: Aim for a take-profit target around the $53,800 - $54,000 area, which is a significant support zone. Risk/Reward: This strategy offers a reasonable risk-to-reward ratio, particularly as the price continues to move within a downtrend channel. If the price breaks below the $53,800 support level, there could be further downside potential.
by Suyouu
ETHUSDT today ETH is currently trading at 2,633.61 USDT, showing a slight pullback. The chart presents a key resistance level at 2,701.53 USDT and a significant support zone around 2,574.43 USDT. Possible Scenarios: Bearish Rejection (Red Path): If ETH fails to break the resistance at 2,701.53 USDT, it could see a drop towards the support level of 2,574.43 USDT. Bullish Breakout (Blue Path): Should ETH break above 2,701.53 USDT, a further upward move could be expected, indicating a continuation of the bullish trend. Trading Strategy: Bearish: Short positions could be considered if ETH fails at resistance, targeting the 2,574.43 USDT support zone. Bullish: Long positions can be taken if ETH breaks above 2,701.53 USDT, targeting higher levels. Traders should monitor the resistance and support levels closely to catch potential market moves.
by Suyouu
BTCUSDT : The uptrend channel is still in place.BTCUSDT has experienced a decline as it approached the resistance level of 64,500 USD. However, looking at the technical picture, the uptrend remains steady, with the parallel price channel still intact and no signs of reversal from the 34 and 89 EMA. With these carefully analyzed factors, we should consider re-entering buy positions when the price hits the lower boundary of the channel. That said, this is merely a trading idea, so exercise caution. If the price breaks the channel, it’s time to shift your strategy to sell with the trend. Wishing you successful trades! And don’t forget to share your thoughts on this analysis below!
Long
by Suyouu
2
LTIMINDTREE LTDLTIMINDTREE LTD Pattern :- symmetrical triangle pattern. A breakout from the triangle has occurred, suggesting a potential strong bullish movement. Target : The chart includes two projected target levels (1st TRG and 2nd TRG), indicating potential price targets post-breakout. 1)1st Target: Around INR 7,588.80 2)2nd Target: Higher, possibly indicating a significant upward move beyond the 1st target. Entry Point: Since the breakout has already occurred, an entry near the current level (around INR 6,127.55) could be considered. However, waiting for a minor pullback to the breakout level (around INR 5,900 to INR 6,000) might offer a better risk-reward ratio. A conservative Stop-loss can be placed just below the lower boundary of the triangle, around INR 5,450. This would minimize potential losses if the breakout proves to be a false move. Market Conditions and News: Check for any news related to LTIMINDTREE LTD, such as earnings reports, management changes, or sector-specific developments. Such news can significantly impact the price and should be factored into the trading decision. Broader market trends, such as the performance of the IT sector and the overall market sentiment, should also be considered. The breakout from the triangle pattern and the increasing volume are positive signs. If the broader market remains supportive and no negative news impacts LTIMINDTREE, the stock could reach its projected targets. for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏
NSE:LTIMLong
by asAMOLSUTAR