$MKR Chart Looks Strong: Heading for a New All-Time High?ASX:MKR Chart Looks Strong: Heading for a New All-Time High?
#MAKER is looking strong and trying to break through the red resistance zone. If it breaks this level, the price could go as high as $6000, reaching a new all-time high!
Key Details:
▪️ MKR is breaking a major resistance level.
▪️ Based on past patterns, MKR could give up to 500% gains from here.
My Plan:
▪️ Entry Zones: $1700 - $1600
▪️ Targets: $2800/$3775/$5800/ New ATH
▪️ Stop Loss: $1400
Stay tuned! This could be a big move for #MKR 🚀
Signals
EUR/USD: Bearish Pressure Continues, 1.0560 Is KeyEUR/USD on the 1-hour chart is currently showing signs of a slight recovery from the lows around 1.0520. However, the main trend is still tilted to the downside as the EMA 34 and EMA 89 continue to lie above the price, reflecting that selling pressure has not abated.
Personally, I think the bearish trend is still dominant and the 1.0560 area will be the deciding point whether the exchange rate can continue to recover or not. If it fails to overcome this resistance area, the possibility of EUR/USD continuing to fall to the 1.0520 area and even deeper is very high.
Will $2,640 Hold Amid Volatility?After a strong rally, gold is facing some downside pressure from its new highs. Specifically, the daily chart shows that gold has hit a key resistance level at $2,678/oz and is currently showing signs of a slight recovery.
Personally, I believe that gold is still in the accumulation phase after a strong rally, and the selling pressure may not be over yet. The next important support level to watch is $2,640, which corresponds to the 0.618 Fibonacci level. This will be the deciding point whether gold continues its downtrend or starts to recover. If gold fails to hold this support level, we could see a deeper decline towards $2,600/oz.
Overall, given the current situation, I advise investors to be cautious and prepare for a scenario where gold could fall further if the next support levels are not held. At the same time, investors should also closely monitor market developments to quickly update and respond promptly to changes in gold price trends.
Can $DAO Hit 5x-10x? Key Resistance Break Could Be the Trigger Can NYSE:DAO Hit 5x-10x? Key Resistance Break Could Be the Trigger 🚀
The DAO/USDT chart is showing potential for a major breakout. If the key resistance at $0.50 is broken, we could see explosive gains of 5x-10x.
However, liquidity is low, which means high risk—invest cautiously and with proper risk management.
Key Levels to Watch:
Entry Zone: $0.35 - $0.44
Stop Loss: $0.23
Targets: $1/$1.88/$2.50/$5
I remain bullish on #DAO but always trade wisely ⚠️
Will 1.2590 Support Hold?On the hourly GBP/USD chart, it is clear that the British pound is under pressure. The price is currently trading below both the 34 EMA and the 89 EMA, which is a sign that the downtrend is still intact. The fact that the 34 EMA is below the 89 EMA suggests that the downtrend could extend.
In recent hours, it seems that the price has tested the support around the 1.2590 area but has not been able to recover above the 34 EMA, which indicates weakness in the GBP recovery attempt. If this support level is broken, we could see GBP/USD continue to decline to new lows.
EUR/USD In Bear RaceThe EUR/USD chart is showing a clear bearish trend, with the price moving below both the 34 and 89 EMAs, indicating strong selling pressure. The 34 EMA has crossed the 89 EMA and is heading downwards, further reinforcing the bearish trend. The fact that the price continues to stay below these two EMAs is not a very optimistic sign for those who are expecting a recovery in the euro against the US dollar.
In the current scenario, the next important support point could be the 1.0400 area. If EUR/USD continues to decline and breaks this level, we could see a deeper decline, testing new lows. This requires traders to keep a close eye on the market developments and be ready to adjust their strategies to suit the current trend.
From a technical perspective, the current recovery appears to be just a technical recovery before the continuation of the downtrend. This increases the possibility of further declines, especially when there are no clear signs of a trend reversal. Investors need to carefully consider the risks and have a suitable capital management plan to avoid unnecessary losses in the current context.
EURUSD : Realization continues, risks increase!Dear traders,
EURUSD is currently in a bearish "flag" phase this Friday morning in Europe, influenced by risk-off flows stemming from escalating geopolitical tensions between Russia and Ukraine and concerns over potential U.S. tariffs on the EU... Now, there is nothing stopping it from further distribution.
Key news is on the horizon that traders should approach with caution. A Fed rate cut. And the question is no longer "when" but "how much" the Fed will cut amid persistently high inflation over the past few months.
From a technical perspective, the focus is on resistance levels at 1.055 and 1.054, which is the (fib 0.618). A gradual retracement and retest will increase the chances of a breakout.
Now, selling pressure on this currency pair is intensifying, prices are entering a risk zone, and buyers are becoming increasingly cautious. We are monitoring the next key downside targets at 1.047-1.044...
USD/JPY Slight Correction After UptrendUSD/JPY is trending around 155, after a slight decline from the peak near 155.5. On the H4 chart, the price is testing the EMA 34, while the EMA 89 provides strong support at 154.0.
The nearest resistance is at 155.5, if broken, the price may continue to increase to the 156 area. On the contrary, if strong selling pressure causes the price to break the EMA 34, the target will be the 154.0 - 153.8 area.
Personal opinion: Currently, USD/JPY is in a state of hesitation, due to the lack of new momentum in the market. I expect the price to accumulate around this area before a clear breakout. Traders should monitor US economic data or any developments in bond yields to determine the next trend.
Gold: Are Buyers Still Motivated?OANDA:XAUUSD extended gains for a third straight day, ignoring a rising US dollar as risk-off sentiment boosted safe-haven assets. The yellow metal has gained more than 3.40% on the week, with buyers eyeing the $2,700 mark.
Technically, gold is in a bullish trend today on most timeframes after buyers accepted the $2,750 level, but buyers must overcome key resistance levels ahead. A break of XAU/USD around $2,658 could see acceptance around $2,700. A break of the latter would expose the November 7 high of $2,710 and the psychological $2,750 figure.
Conversely, sellers would gain the upper hand if the unprofitable metal falls below $2,600. The bearish bias continues to be seen, with the next support level being the 100-day Simple Moving Average (SMA) at $2,550. The bears could target the November 14 low of $2,536, followed by a drop to $2,500 for XAU/USD.
Gold Price Increases for 3 Consecutive SessionsWorld gold prices continued to increase for the third consecutive session, currently trading around 2,650 USD/ounce, up a total of 88 USD in the past three days. The main driving force of the uptrend comes from safe-haven demand due to escalating geopolitical tensions between Russia and Ukraine, along with the potential impact of US President-elect Donald Trump's economic policies.
On the 1-hour time frame, the EMA 34 and EMA 89 are providing good support for the uptrend, showing the strength of the buyers. The nearest short-term resistance is at 2,670 USD/ounce, if broken, the gold price may continue to increase to 2,680 - 2,690 USD/ounce. The current strong support is around 2,640 USD/ounce, if broken, it may pull the price down to 2,620 USD/ounce.
Personal opinion: The current uptrend is still maintained thanks to the positive sentiment in the gold market. However, the $2,650 - $2,670/ounce area is an important resistance level to watch. If the buyers cannot maintain the pressure, the price may correct slightly to accumulate before continuing the uptrend.
Note that the US interest rate policy in December may create a short-term correction period, but in the long term, gold is still very attractive due to geopolitical and macroeconomic instability. Personal opinion: If the price breaks the resistance, this is a good opportunity to consider continuing to buy orders.
Gold Price Approaches Important Resistance ZoneGold is currently trading around $2,638/ounce, continuing its strong rally after rising $48 in the previous session. The main drivers of the rally are geopolitical tensions and the stability of the USD.
Gold is in a strong recovery phase from its low around $2,580. However, the medium-term downtrend has not been broken yet as the EMA 89 is still acting as resistance.
Resistance and support:
Nearest resistance: The $2,650-2,660 area, which coincides with the EMA 89. This is an important area to confirm a bullish reversal.
Support: The $2,600 area, if broken, gold could retest the old low around $2,580.
Price pattern:
On the 4-hour chart, gold is approaching an important resistance zone. If there is a price rejection signal, the possibility of correction will be very high.
Personal opinion:
Gold price is likely to test the $2,650-2,660 zone in the short term. However, with current technical indicators, selling pressure at the resistance zone will be very high. If the price fails to break through this zone, the possibility of correction back to $2,600 is quite high. On the contrary, if it breaks through, the next target will be $2,700.
Trading strategy:
Sell at the $2,650-2,660 resistance zone, set Stop Loss at $2,670, Take Profit at $2,600.
Buy when the price breaks through $2,660, set Stop Loss at $2,640, Take Profit at $2,700.
EUR/USD: Bearish Trend Continues to PrevailEUR/USD is in a strong downtrend with momentum from both price action and technical indicators. The sellers continue to control the market and the main target is still the $1.0449 area, followed by $1.0300. Traders need to monitor price action at support/resistance zones to find suitable entry points and manage risk carefully.
Gold --> Bear Market Heating Up? Resistance AheadOANDA:XAUUSD rising after a false breakout of 2547. Fundamentally, the situation is quite complicated as well as technically...
The metal price is positively affected by the escalating Russia-Ukraine war, making gold more attractive to investors as a safe-haven asset.
In addition, the appeal of gold is reinforced by geopolitical tensions, economic risks and a low interest rate environment. Fed officials are expected to speak this week, thereby providing more details on the US interest rate cut roadmap. Currently, according to traders' predictions, there is a 62% chance that the Fed will cut interest rates by 25 basis points in December... Theoretically, it is still unclear whether gold can maintain its bullish momentum as prices are approaching strong resistance and traders are cautious as they wait for new signals on the Fed's interest rate outlook.
Technically, gold is in the range of 2643 - 2626. Since the opening of the session, the price has increased quite strongly, which increases the possibility of resistance to stop this increase. The situation is complicated by the mixed fundamental backdrop. A false break of 2647 and consolidation below this area will strengthen the selling pressure. But there is a possibility of a retest of 2686 (order block area) before the decline continues. The expected decline will reach the levels of 2547 - 2471 respectively.
Rate, share your opinion and questions, let's discuss what's going on with.
Trend continuation or correction?Both EMA 34 and EMA 89 are sloping up, creating a strong uptrend support structure. This is a positive signal for buyers. The price is consolidating around the 154.50 - 155.00 area, close to the psychological resistance. The recent upward momentum is still maintained, but there are signs of slowing down.
USD/JPY is still receiving support from US bond yields, as the 10-year yield remains high. This increases the strength of the USD.
However, profit-taking pressure may occur if USD/JPY fails to break above the current resistance zone.
Personal opinion:
If the price breaks above 155.00, USD/JPY may extend its upward momentum, heading towards 156.00. However, if strong selling pressure appears, the price may adjust to the support zone of 154.00 - 153.50 before deciding on the trend.
Recovery or Further Decline?The price zone of 1.06575 - 1.07100 (Fibonacci level 50%-61.8%) acts as strong resistance. This is also the area where the sellers are likely to increase pressure.
Price action scenario:
Currently, the price is in a recovery phase near the above resistance zone.
If the sellers defend the 1.06575 zone well, the price will likely continue to decline sharply.
Important support zone:
The nearest support is at 1.04876, which coincides with the old bottom.
If the price breaks this support, the next target will be the 1.02127 zone (Fibonacci extension level 1.618).
Personal opinion:
Wait for the price to return to the resistance zone of 1.06575 - 1.07100, look for a reversal signal here to enter a sell order.
First target is 1.04876, further target at 1.02127. Stop loss above 1.07200 to avoid resistance break.
Strong Recovery After Prolonged DowntrendGold prices have recovered strongly to $2,610/ounce in today's trading session, up $48 in just the past 24 hours. This move shows increased bottom-fishing demand after the precious metal fell a total of more than $120/ounce in the previous five trading sessions.
Technical Analysis
Looking at the gold price chart, the EMA 34 and EMA 89 still show a medium-term downtrend. However, the current strong bullish candle is challenging these dynamic resistance levels. If gold continues to surpass $2,620, the uptrend could extend to the resistance zone near $2,650.
On the contrary, if it fails to stay above $2,600, the possibility of a reversal back to the support zone of $2,560 is quite high.
Fundamentals Support
Geopolitical situation: Escalating tensions in the Ukraine region with the participation of long-range weapons from the US and military moves from Russia and North Korea have boosted safe-haven demand for gold.
Bullish forecast: A report from Goldman Sachs with a forecast of gold prices reaching $3,000/ounce by the end of 2025 is creating positive sentiment for the market.
Bargain hunting demand: After a series of sharp declines, large financial institutions have started to increase purchases, pushing gold prices up rapidly.
Review
Based on the above factors, I expect gold prices to retest the important resistance zone at $2,650 in the short term. However, it is necessary to closely monitor the market's reaction at the $2,620 area. If the breakout fails, selling pressure may reappear.
GBPUSDFX:GBPUSD Back to the liquidity test above after the free fall. The pair lacks bullish conviction amid a stable US dollar and as investors choose to wait for the Bank of England (BoE) Monetary Policy Report Hearing before placing strong bets.
A clear bearish wave is forming on the larger timeframe, on the smaller timeframe the downtrend is formed based on negative fundamentals, which only strengthened after Trump's victory. Therefore, any strong resistance can easily hold the market.
On H4, it is trying to break out of the main range, breaking the main support level. A consolidation is forming inside the channel, if sellers hold the 1.269 - 1.277 zone, we can expect a decline towards the areas of interest in the medium term.
Resistance: 1.282 - 1.277 and 1.269
Support: 1.259 - 1.247 and 1.231
The focus is on the resistance level mentioned above, as the further struggle and movement of the market depends on this important zone at this point. The bearish structure will be broken when the local high at 1.282 i.e. (0.5 fib) is broken and the price consolidates above this zone.
Bullish momentum stalls amid resistanceUSD/JPY is currently trading around 154.57 after a strong rally. It seems that the bulls have run into pressure at the 155.00 resistance zone, while technical and market sentiment factors are also influencing the next direction of the pair.
Technical analysis:
Nearest resistance: 155.00 - a strong psychological resistance zone where the price is struggling to overcome.
Nearest support: 154.00 - a key support level, if broken, the price could fall further to 153.00.
EMA 34 and EMA 89: The price is trading around EMA 34 (short-term support), but is still above EMA 89, suggesting that the medium-term uptrend is still in place.
Price pattern: There are signs of a pause, with the possibility of forming a "Pullback" pattern or a slight reversal before continuing the main trend.
Personal opinion:
I see the market facing a dilemma between buying and selling forces. The recent increase in USD is supported by high US bond yields and positive market sentiment. However, if it fails to break above the 155.00 zone, USD/JPY may correct slightly before looking for new momentum to continue rising.
Trading strategy:
Buy: When the price breaks above 155.00, the next target is 156.00.
Sell: When the price falls below 154.00, the next support target is 153.00.
ETHUSDT: Strong Growth Momentum, Ready to Hit New HighsBINANCE:ETHUSDT has surged from the $3,015 support zone and is currently trading around $3,148. The rally is supported by a solid price structure and positive technical factors. While many other cryptocurrencies are still struggling in the accumulation zone, Ethereum has proven its position by attracting strong inflows from both institutional and retail investors.
If ETH breaks the current resistance, the rally could continue and help the price reach new historical levels. However, investors need to closely monitor macroeconomic fluctuations to optimize their trading strategies.
Bitcoin -->Continues to GrowBINANCE:BTCUSDT reached $91,433, up $899 (0.99%) from the previous session. During the trading session, the highest price recorded was $92,654 and the lowest was $89,240.
This growth was driven by factors such as the US Federal Reserve (Fed) keeping interest rates unchanged and the increasingly widespread acceptance of Bitcoin in financial transactions. In addition, geopolitical tensions in Europe also caused investors to seek Bitcoin as a safe haven asset.
Experts predict that if this trend continues, Bitcoin could surpass the $100,000 mark in the near future.
Signs of Recovery or Resistance Ahead?Currently, GBP/USD is trading around 1.26857, indicating a slight recovery after the previous extended bearish phase. The British pound is showing more positive signs, however, the pressure from the EMA 89 resistance has not been completely broken.
The GBP/USD pair remains in an overall downtrend, confirmed by lower highs and lows.
The EMA 34 and EMA 89 continue to slope down, indicating that selling pressure is still dominant.
Resistance and support:
Nearest resistance: The area around 1.2700-1.2720, which coincides with the EMA 89. This is an important zone that needs to be broken to confirm a short-term reversal.
Key support: The 1.2600 area, where the pair has found buying pressure in recent sessions. If this zone is broken, GBP/USD could fall further to 1.2540.
Personal view:
I expect GBP/USD to continue its slight recovery in the short term to test the resistance zone of 1.2700-1.2720. If it fails to break, the price will reverse and retest the support at 1.2600. However, if there is a strong news factor supporting the pound, the pair could break above the 89 EMA and open the door for further gains.
Recovery Trap or Breakout Opportunity?On the EUR/USD 4-hour chart, the bearish bias remains dominant. The pair is attempting to recover from the recent low at 1.0540, however, the important resistance zone around the 34-EMA (1.0600) is holding back the upside momentum.
If EUR/USD fails to overcome the resistance zone of 1.0600 - 1.0620 in the coming sessions, selling pressure will return strongly, pushing the price towards the support zone of 1.0550 and even 1.0500.
On the contrary, a clear breakout above 1.0620 could open the door to a test of the 1.0650 zone, however, the upside outlook remains challenging amid the long-term downtrend.
Trading Strategy:
Short: When price fails to break above 1.0600, place a sell order with target at 1.0550 and further at 1.0500.
Long: Consider buying if price breaks above 1.0620 with high volume, target at 1.0650.
Gold in Bears' ControlI am watching the recovery in gold, currently trading around $2,586/oz. With the USD rising sharply after President-elect Donald Trump's victory and expectations of higher inflation, the Fed is likely to maintain high interest rates. This is creating significant pressure, making it difficult for gold to continue to break above the 34-EMA and 89-EMA.
In addition, comments from Fed Chairman Jerome Powell about not being in a hurry to cut interest rates further reinforced the USD's bullish momentum and reduced the appeal of gold. However, geopolitical tensions in the Middle East and between Ukraine and Russia remain a slight support factor for the precious metal's safe-haven status.
Personal view
Key resistance: $2,600–$2,625, which the price needs to break above to generate upside momentum.
Potential support: $2,550, which is an important area I will wait to test.
If the price fails to surpass $2,600, I believe there is a high possibility of a further decline to $2,550, consistent with the current market scenario. I will prioritize a short-term selling strategy in the resistance zone.