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Technical Analysis

XAU/USD Uptrend Remains StrongGold prices have recovered from recent declines and are currently trading around 2,690 USD during the Asian session, following a pullback from a five-week high. On the 4-hour chart, gold is moving within a stable uptrend channel, strongly supported by the EMA 34 at 2,679 USD and the EMA 89 at 2,663 USD. These are key dynamic support levels that help maintain the short-term bullish momentum. The nearest support lies at 2,676 USD, aligned with the lower boundary of the uptrend channel. If the price holds above this level, the likelihood of a rebound to test the resistance at 2,725 USD is very high. Should this resistance be breached, the next target would be 2,750 USD, or even as high as 2,770 USD. Conversely, if the price breaks below 2,676 USD, selling pressure could drive gold toward the 2,663 USD support before recovering. The upward-sloping EMAs and increased trading volume near support levels indicate that the bullish momentum remains intact. With the Fed's interest rate decision due next week, traders should closely monitor key support and resistance zones to optimize their strategies, as the short-term outlook remains firmly bullish.
OANDA:XAUUSDLong
by Thaco_
2
The Japanese Yen Trims Part of Weekly Losses Against USDUSD/JPY maintains its upward trend as the JPY only partially trims its weekly losses against the USD, despite the dollar’s slight recent weakness. The JPY's gains are limited by uncertainty surrounding a potential BoJ rate hike in December and a risk-on market sentiment, while expectations of a hawkish Fed continue to support the USD, driving the pair higher. On the 4-hour chart, USD/JPY is trading steadily above the EMA 34 and EMA 89 levels at 151.36-151.60, which serve as key dynamic supports. The price might consolidate in this zone before rebounding to test the resistance at 152.50. If this resistance is broken, the next target will be the 153.98 zone. Conversely, a break below 151.50 could push the pair toward deeper support at 151.00 before resuming its upward trend. With technical indicators still favoring the bullish trend and trading volume increasing near resistance levels, USD/JPY is likely to maintain its bullish momentum. The short-term target is 152.50, with a broader aim at 153.98. Traders should closely monitor key support and resistance levels to optimize their trading strategies.
Long
by Sophi-A
Gold increases when inflation in the United States decreasesYesterday, gold price increased, maintained at over $ 2,700, despite the high US bond yield. The US CPI data confirmed that the deflation situation is going on, strengthening the expectation that the Federal Reserve will cut interest rates next week. Based on the chart, it can be seen that the gold price is fluctuating on 2 ema 34 and EMA 89, showing a next gain. However, before that, the price of gold will return and test the supporting area of ​​2,616, if the price is maintained the ability to turn on the increase in the resistance of 2,793 is very high, and the interest rate continues to cut, the price of gold can go far away. More than 2,900. Predict the ability to cut interest rates, with the swap rate of 92%, the next will focus on the upcoming PPI data and the number of unemployment benefits. Traders need to consider this information to be able to trade more smoothly.
OANDA:XAUUSDLong
by Sophi-A
Technical Analysis Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories. What exactly are the two types of technical analysis? Chart patterns and technical (statistical) indicators are the two main types of technical analysis. Chart patterns are a subjective type of technical analysis in which technicians use certain patterns to indicate regions of support and resistance on a chart.
NSE:BANKNIFTYEducation
by SkyTradingZone
Asian Paints | Possible Bottom ? ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡✍️Technical Reasons to trade or Strategy applied :- ✅Inverted Head & Shoulder Chart Pattern Bull Breakout ✅Breakout confirmed ✅Rise in Volume ✅Good 3 touches Trendline Breakout with volume ✅Clear uptrend with HH & HLs sequence ✅ Order block as potential Target ✅Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:ASIANPAINTLong
by ReviveTraders
2
USD/JPY Extends Uptrend, Targeting Resistance at 154.40USD/JPY continues its uptrend, trading around 152.90 after JPY hit a two-week low. The weakness in JPY, driven by fading expectations of a BoJ rate hike and rising U.S. bond yields, continues to bolster USD strength. On the 4-hour chart, USD/JPY maintains a stable upward trend with consecutive higher highs and lows. The EMA 34 and EMA 89 levels at 151.72 and 151.60, respectively, serve as strong dynamic supports, while the nearest support at 151.90 is a crucial level for sustaining bullish momentum. If the price holds above this area, USD/JPY could extend its rise, testing the key resistance at 154.40. A breakout above this resistance could pave the way for the next target at 155.00. Conversely, a break below 151.70 may trigger selling pressure, pushing the price down to 151.00 before a potential rebound. With upward-sloping EMAs and strong buying interest near support zones, the bullish outlook remains dominant. Traders should closely monitor fundamental factors like BoJ policies and U.S. economic data for further direction.
Long
by Thaco_
EUR/USD: Sideways Trend with Dominant Downward PressureEUR/USD continues to decline for the fifth consecutive day, trading below 1.0500, as the ECB’s 25-basis-point rate cut weakens the Euro, while the USD maintains its strength due to stable market sentiment. On the 1-hour chart, EUR/USD is moving within a clearly defined downward channel, with lower highs and lower lows. The current price is below the EMA 34 and EMA 89 at 1.0491 and 1.0511, reinforcing the bearish pressure. The nearest support lies in the 1.0450-1.0440 range, where the price may temporarily find buying interest before continuing its decline. If this level is breached, the next target would be 1.0420. Conversely, the key resistance level is at 1.0498, aligned with the upper boundary of the descending channel. A breakout above this level could trigger a short-term rebound, although this scenario seems less likely under the current conditions. Traders should closely monitor key support and resistance levels to optimize their strategies, as the dominant outlook remains bearish.
Short
by Thaco_
EUR/USD decreased before the ECB interest rate callThe EUR/USD exchange rate fell in the fourth day in a row, it took 0.25 percent and dropped to 1,0500 when deciding the latest interest rates of the European Central Bank still put pressure on the delivery houses. Fiber translation. Today EURUSD broke under the EMA 89 at 1,05466, with EMA 34 at 1.05294 played an important role in the dynamic resistance. It is expected that after EURUSD touches the resistance of 1,05145, it will continue to be maintained. The nearest support is still at 1,04780, an important psychological area, if this level is broken, the money pair can decrease deeper to 1,04200. Traders should closely monitor the ECB interest rate information, and pay attention to the upcoming US CPI data, because this will be the decisive factor for the next trend.
Short
by Sophi-A
GSPL - Gujarat State Petroleum Corporation Bullish ViewGSPL charts have formed a bullish engulfing candlestick pattern. You can use this opportunity because it has a very good risk to reward ratio. Entry: Long above ₹389.80 (the high of the bullish engulfing candle) Stop-Loss: Short below ₹368 (the low of the bearish candlestick before the bullish engulfing pattern) Take-Profit: This will depend on your risk tolerance and trading goals. based on a 1:2 or trailing basis 1:3 Risk to reward Ratio Risk Management: Always remember to practice good risk management. Only risk a small percentage of your capital on each trade. Disclaimer: This is not financial advice. Please do your own research before making any trading decisions. Remember, trading involves risk. I can't guarantee that this trade will be successful. Also dont forget to share and boost, thank you for all your love and keep supporting like you do, helps me work harder..
NSE:GSPLLong
by piyushbafna000
Kalyan Jewellers. Aiming for another up move?#Tradeideas. #klayanjewellers. After a strong stage 2 uptrend, the stock is pulling back forming a Flag and pole. Trying to breakout of it. 🟢Trdaing right at 50 DMA. Formed a bullish Marabozu at 50 DMA. 🟢Bullish sentiments of Jewellery stocks around marriage season. 🔴 Q2 results around the corner. If the results are not as per the market then good chance for hitting SL. 🔴Overall bearish sentiments in the market. Watch this counter closely. Risk is in the range of 10-11%. If ATH is broken with good volume and a good candle very good chance for further upmove. Do your due diligence.
NSE:KALYANKJILLong
by sagartharayil
IT Bees looks good for a positional medium-term play.#tradeideas #ITbees. Looks good for a positional medium-term play. -Nifty IT along with BN is supporting Nifty. -IT sector shows resilience in this market fall. - Positivity in US market (NASDAQ) - Easy to get in and out. Good liquidity. What could go wrong? - Overall bearish sentiments in our market. If NIFTY were to fall further, IT would follow suit. - Dependent on NASDAQ move, so pay close attention to US markets. Overall this is a low-risk setup. Risk is only 6.5-7%. Build positions sensibly. Risk management is key. Do not put all your money at once. And respect the SL. Building this position early because if we were to get a reversal soon then the rewards will be good. If the reversal is not sustained then our risk is still less. This is just a view and chart shared for educational purposes only.
NSE:ITBEESLong
by sagartharayil
EUR/USD Technical and Fundamental OutlookAs the week comes to a close, EUR/USD is trading around 1.0575, maintaining its bullish momentum. The pair is moving within an ascending wedge pattern, supported by the EMA 34 and EMA 89, which underscores a steady upward trajectory. From a technical standpoint, the price is holding near the upper boundary of the wedge, with immediate resistance seen at 1.0585. A breakout above this level could pave the way for further upside, targeting the next significant level around 1.0620. This structure signals a potential continuation of the bullish trend if key resistance levels are breached. On the fundamental side, the current uptrend is bolstered by positive sentiment surrounding data from the Eurozone and a weakening demand for the US Dollar. These factors are creating a supportive environment for the Euro, encouraging sustained buying pressure in the pair. Looking ahead, traders should closely monitor the wedge breakout, as it could provide a clearer signal for the pair's trajectory into next week. Whether EUR/USD extends its gains or faces rejection at resistance will largely depend on both technical confirmations and evolving market fundamentals.
Long
by Bo-Samson
GBPUSD todayThe GBP/USD pair remains in a tight range, hovering just below the mid-1.2700s during Friday’s session, as it consolidates its recent three-day rally. This upward movement propelled the pair to its highest level in over three weeks during the previous day. However, traders appear cautious, refraining from placing significant bets ahead of the highly anticipated U.S. Non-Farm Payrolls (NFP) report, which is set to be released later today. The NFP data, a critical barometer for the U.S. labor market, will be closely analyzed for clues regarding the Federal Reserve's interest rate trajectory. Market participants are eager to see how the data aligns with the Fed’s policy outlook ahead of its December meeting. The report is expected to play a pivotal role in shaping near-term sentiment around the U.S. Dollar (USD) and could provide fresh directional impetus for the GBP/USD pair.
Long
by Bo-Samson
Gold Weakens Further as Market Awaits Fresh CatalystsGood morning, traders! In the early hours of Friday's trading session, gold continues to weaken, losing over 12 pips. This decline reflects a temporary pause from bullish investors as they seek new drivers for upward momentum. From a technical perspective, the chart shows that while long-term bullish momentum remains intact, the current pullback appears to be nearing its conclusion. Support is forming around the $2,566 zone, followed by $2,630. In the short term, gold may experience further declines as the market awaits directional clarity from news expected later in the day. On the other hand, the long-term bullish trend remains a favored bet, with key upside targets marked clearly on the chart. Happy trading, and may your trades be profitable! Don’t forget to leave a like and share your thoughts about the outlook for this precious metal. Cheers!
OANDA:XAUUSDLong
by Bo-Samson
3
EUR/USD: Bearish Pressure IncreasesEUR/USD marked its second consecutive day of gains, extending its recent breakout above the 1.0500 level in response to the US Dollar's uncertain stance ahead of key US data releases later this week. The 4-hour chart indicates that technical risks remain tilted to the downside, as the pair continues trading below all its moving averages. These averages maintain a bearish slope, creating dynamic resistance around the 1.0560 level. Meanwhile, technical indicators remain within negative territory, lacking clear directional strength. In the short term, and according to the 4-hour chart, EUR/USD appears poised to extend its decline. The pair is trading below the bearish-moving averages, encountering sellers near the EMA 34 and 89 levels. Finally, technical indicators are neutral-to-bearish, positioned below their midlines, supporting the extension of the downtrend without providing a definitive confirmation. Support levels: 1.0465, 1.0420, 1.0370 Resistance levels: 1.0560, 1.0625, 1.0660
Short
by Bo-Samson
XAUUSD todayHello dear friends, it's Samson here! Gold prices continue to consolidate within a familiar range, as the market awaits a fresh catalyst to drive the next decisive move. What’s in store for gold, and what scenarios could unfold? At the moment, sellers have hit the pause button, keeping an eye on key events like Federal Reserve Chair Jerome Powell’s remarks, U.S. employment data, and the all-important CPI report. These indicators will shape expectations for the Fed's policy outlook. According to the CME FedWatch Tool, traders are currently pricing in a 74% chance of a 25-basis-point rate cut at the upcoming Fed meeting. However, nothing is set in stone, and until clear signals emerge, the market may remain locked in consolidation mode. On the technical front, gold could build bullish momentum to test significant resistance levels amid favorable news. However, if prices break below the critical support at 2636 and sustain that position, a bearish wave could gain traction sooner than anticipated. This is a pivotal moment for XAUUSD, as the market balances between anticipation and action. What’s your take on the current setup? Let’s discuss your thoughts, forecasts, or any questions you have—together, we can navigate these shifting dynamics!
OANDA:XAUUSDShort
by Bo-Samson
3
EUR/USD: Bearish Signals Strengthen Near Key ResistanceWhen observing the 4-hour chart, we can see that the EUR/USD pair is hovering near a strong resistance zone (marked in red). This is a region where selling pressure has significantly increased during previous trading sessions, making it difficult for the price to break out. In this context, the signals for a potential bearish trend are becoming increasingly evident. One notable factor is the position of the EMA 34 and EMA 89 lines. With the price trading below both moving averages, they are acting as dynamic resistance levels, pushing the price lower each time it attempts to recover. This further reinforces the view that selling pressure continues to dominate the current market. Additionally, the previous downside gap has yet to be filled, which is often a technical indication that bearish pressure remains. As the price approaches the resistance zone of 1.0550 - 1.0560, the likelihood of rejection from this level is high, especially in the absence of strong buying momentum. If the price fails to break through this resistance zone, the possibility of a decline to lower support levels opens up. The nearest support is located at 1.0487, but a more prominent target lies in the 1.0420 - 1.0400 range. This is a critical support zone that could serve as a stopping point if the bearish trend continues. Based on this analysis, a bearish trading strategy should be approached with caution. Traders may consider entering a sell position around the 1.0550 - 1.0560 resistance zone, with take-profit targets at 1.0480 and 1.0420, respectively. A prudent stop-loss level would be above the resistance zone, around 1.0575, to minimize risk. Overall, the market is currently leaning toward a bearish outlook, but waiting for clear reactions at the resistance zone is crucial to ensure trades are executed at optimal levels. This approach provides greater security in a market that remains potentially volatile.
Short
by Bo-Samson
GBP/USD: At a Crossroads - Will the Bears Take Over?Hello, brilliant traders! What’s your take on the current trend of GBP/USD? Let me break it down for you with a detailed analysis on the daily timeframe to give you a broader perspective. At the moment, GBP/USD remains firmly in a long-term downtrend, trading around the 1.269 level. This aligns perfectly with signals from the EMA 34 and EMA 89, both indicating a potential reversal on the horizon. It's clear that key technical levels are coming into play, demanding the market’s full attention. Following the recent corrective rally, GBP/USD appears poised to test resistance near the 1.287 level. This could be a prime opportunity for sellers to step in and drive the pair lower, especially given the prevailing dominance of the long-term bearish trend. The chart analysis I’ve shared illustrates this outlook in more detail. Looking ahead, fundamental factors could further shape the direction of this pair. Hawkish remarks from Fed Chair Jerome Powell and robust U.S. economic data may pile additional pressure on GBP/USD, possibly pushing it below the critical 1.225 support level. On the flip side, a dovish tone from Bank of England Governor Andrew Bailey could cap any upward moves, leaving the pair vulnerable to further downside action. The market is at a pivotal point, and I’d love to hear your thoughts on GBP/USD! Share your insights in the comments below, and let’s discuss where we think this pair is headed next. Wishing you smart trading and plenty of opportunities ahead!
Short
by Bo-Samson
Update XAUUSDSpot gold prices continue to rise as the US dollar weakens, making it more affordable for holders of other currencies to purchase gold. Meanwhile, crude oil prices unexpectedly surged to $70 per barrel, adding upward momentum to gold’s price trend. Another contributing factor is the announcement of martial law in South Korea. This has sparked concerns among financial investors about potential instability in the country, which could impact commodity prices and international currency markets. Consequently, many have increased their gold purchases as a safe-haven asset. These factors are fueling gold prices to climb further today.
OANDA:XAUUSDLong
by Bo-Samson