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USD/JPY - Breakdown Confirmation & Potential DeclineUSD/JPY - Breakdown Confirmation & Potential Decline Chart Overview: The USD/JPY price action has broken down from a previously established ascending channel. A lower high formation suggests weakening bullish momentum, indicating a potential continuation of the downtrend. The key support zones are marked below, with the price likely to move towards these levels if bearish momentum persists. Technical Analysis: Breakdown Zone: The price has breached the lower trendline of the ascending channel, confirming a bearish breakdown. Resistance Levels: The price faces resistance around 0.0067786 - 0.0068488. Support Targets: Possible downside targets at 0.0066848, 0.0066012, and 0.0065720. Bearish Confirmation: A retest of the breakdown level followed by rejection strengthens the bearish outlook. Trade Consideration: Bearish Bias: A short position could be considered if the price fails to reclaim the broken trendline. Stop Loss: Above the breakdown zone to avoid potential fakeouts. Target Levels: Lower support zones for potential take-profit areas. Conclusion: The breakdown from the rising channel suggests a shift in market sentiment, with a bearish move likely. Traders should monitor price action for further confirmations.
Short
by PIPsOptimizer
Intel - (Much) Lower from here!NASDAQ:INTC is about to create such a massive higher timeframe candle - a drop is immanent! Within one month, a setup played out and we are back to beginning. During the past 30 days, Intel rejected the support towards the upside with a move of +25% and immediately reversed the entire move. The monthly candle will close so bearish, I do expect a break below the current short term support, followed by a retest of the multi-year long support area. Levels to watch: $30, $26 Keep your long term vision, Philip - BasicTrading
NASDAQ:INTCShort
by basictradingtv
14
Nvidia - Massive rejection soon!NASDAQ:NVDA is clearly overextended after the +1.000% rally and ready for a correction. Trees simply do not grow to the sky. And neither do stocks, especially Nvidia. I know that a lot of people are calling price targets of $250 and beyond, but we still have to respect gravity and the nature of fear and greed. Nvidia is simply overextended a retesting a 6 year resistance trendline. I do expect a correction between -20% and -30%, but also -60% is definitely possible. Levels to watch: $120, $50 Keep your long term vision, Philip - BasicTrading
NASDAQ:NVDAShort
by basictradingtv
50
Nvidia - Another push higher from here?Hello Traders and Investors, today I will take a look at Nvidia . -------- Explanation of my video analysis: Nvidia stock has been trading in a rising channel formation for a couple of years. We saw the last retest of support in the beginning of 2023 which was followed by an unbelievable rally of 625% towards the upside. At the moment Nvidia is retesting the upper resistance but we might see a retest of the psychological $1.000 level first and then a correction. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:NVDALong
by basictradingtv
2
NVDA Update: How Low Can She Go?NASDAQ:NVDA was over-speculated. It is a component of many ETFs based on all kinds of index funds, from semi-conductor ETFs to Big Blue chip companies, etc. NVDA was the big loss stock for the NASDAQ on Friday. The huge down day was due to many retail investors and smaller funds running for the door. This has nothing to do with its earnings report. It is a universal panic in the stock market. Pro traders bought the stock in the last few minutes of the trading day. Now the stock is close to being a buy on the dip candidate. The angle of descent is too steep to sustain but the price can collapse further as there is not a Dark Pool Buy Zone firmly established at this level. Revenues and earnings have been showing exponential growth but the next earnings report is a month away. Just keep in mind that the economy is booming. We had a nudge of higher inflation mostly due to oil prices but some due to corporate growth. Inflation = Growth.
NASDAQ:NVDA
by MarthaStokesCMT-TechniTrader
XAUUSD Technical Analysis 20th March 2024 1h chart– Tuesday Daily candle closed weak Bearish around 2157.600 as price rejects the previous Daily Low, I’ll be looking for potential Buys above 2163.000 targeting 4h Resistance around 2169.500 and next 4h Resistance around 2175.000, I’ll be looking for potential Sells below 2151.300 targeting 1h Strong Support around 2144.300 and 30min Previous Strong Resistance around 2135.000. High Impact News ahead of the New York session for the US Dollar for Bank Rate decision which may bring High Volume to the market.
OANDA:XAUUSD
by SalimFX20
6
GBPJPY Technical Analysis 20th March 2024 1h chart– Tuesday Daily candle close strong Bullish around 191.870 as price break above the previous Monthly High, I’ll be looking for potential Buys above 192.200 targeting previous Daily Support formed on 4th August 2015 around 193.000 and Monthly Resistance formed in August 2015 around 193.460, I’ll be looking for potential Sells below 191.500 targeting 1h previous Resistance formed around 191.110 and Weekly previous Resistance around 190.610. High Impact News ahead of the Pre London session for the Pound Sterling for CPI y/y which may bring volatility to the market.
by SalimFX20
XAUUSD Technical Analysis 19th March 2024 1h chart– Monday Daily candle closed weak Bullish around 2160.400 forming weak Daily Support around 2156.000. I’ll be looking for potential Buys above 2164.400 targeting 1h Resistance around 2172.000 and Weekly Resistance around 2179.200, I’ll be looking for potential Sells below 2154.400 targeting recent 4h Support around 2147.300 and next Hourly Strong Support around 2140.500. As Daily formed weak Daily Support for Monday, If price break below 2146.100 during High Volume Time there will be a higher probability for price to continue bearish to at least 2030s.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 19th March 2024 1h chart– Monday Daily candle closed weak Bullish around 189.850 as price consolidated on the 4h timeframe. I’ll be looking for potential Buys above 190.030 targeting 1h Resistance formed at 190.350 and 4h Resistance formed around 190.800. I’ll be looking for potential Sells below 189.530 targeting 1h previous Resistance formed around 189.110 and next 1h Support around 188.790. High Impact News ahead of the Asian session for the Japanese Yen for a review on the bank rate which may bring volatility to the market.
by SalimFX20
XAUUSD Technical Analysis 18th March 2024 1h chart– Previous Weekly candle closed Bearish around 2156.000 forming Daily Resistance around 2179.500, Friday Daily candle closed Bearish breaking below recent Daily Support formed on Wednesday last week. I’ll be looking for potential Buys above 2160.800 taregting 1h previous Support formed at 2166.800 and 1h Resistance around 2172.600. I’ll be looking for potential Sells below 2152.800 targeting 4h Support around 2146.200 and 1h Strong Support around 2140.500. Despite the Friday closing Bearish breaking below recent Daily Support it would be ideal to wait for the new Daily candle to form a top wick first before breaking the lows to have a higher probability for price to continue bearish.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 18th March 2024 1h chart– Previous Weekly candle closed Bullish around 189.700 forming Weekly Support around 189.100, Friday Daily candle closed Bullish breaking out of the recent 4h Consolidation Zone. I’ll be looking for potential Buys above 190.030 targeting 1h Resistance around 190.350 and 4h Resistance around 190.800. I’ll be looking for potential Sells below 189.510 targeting 1h previous Resistance formed around 189.110 and next Hourly Support around 188.790. Ideally is to allow the Asian session to consolidate and form a new Range for the new week ahead. As Weekly closed Bullish forming Support there is a good probability for price to retest recent Weekly Resistance around 190.650.
by SalimFX20
XAUUSD Technical Analysis 14th March 2024 1h chart– Thursday Daily candle closed Bearish at 2162.200 closing above recent Daily Support formed on Wednesday 13th March 2024. I’ll be looking for potential Buys above 2167.500 targeting Daily Resistance formed on 14th March 2024 around 2174.500 and next Daily Resistance formed on 12th March 2024 around 2182.500. I’ll be looking for potential Sells below 2157.000 targeting 1h previous Resistance formed on 7th March 2024 around 2149.400 and next 1h Strong Support formed on 6th March 2024 around 2141.200. High Impact News ahead of the New York session for the US Dollar which may bring volatility to the market before the Weekly candle closing.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 15th March 2024 1h chart– Thursday Daily candle closed weak Bullish around 189.090 as price ranged within the No Trade Zone identified on the previous Analysis, I’ll be looking for potential Buys above 189.540 targeting previous 4h Support formed on 6th March 2024 around 190.060 and 4h Resistance around 190.520., I’ll be looking for potential Sells below 188.540 targeting 4h Support around 188.060 and previous 4h Resistance formed on 2nd February 2024 around 187.520. Price still consolidating on the 4h timeframe so waiting for strong confirmation before taking positions is a Must!.
by SalimFX20
XAUUSD Technical Analysis 14th March 2024 1h chart– Wednesday Daily candle closed Bullish forming Daily Support around 2158.400. I’ll be looking for potential Buys above 2180.000 targeting 4h Strong Resistance formed around 2186.700 and 30min Resistance around 2193.300. I’ll be looking for potential Sells below 2169.800 targeting 1h Support around 2163.300 and 4h Strong Support around 2156.800. High Impact News ahead of the New York session open for the US Dollar which will bring some volatility to the market.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 14th March 2024 1h chart– Wednesday Daily candle closed Doji Bullish respecting recent Daily Support formed on Tuesday. I’ll be looking for potential Buys above 189.540 targeting previous 4h Support formed on 6th March 2024 around 190.040 and 4h Resistance around 190.520. I’ll be looking for potential Sells below 188.540 targeting 4h Support around 188.060 and previous 4h Resistance formed on 2nd February 2024 around 187.520. Overall price action has been messy on the lower timeframe so waiting for confirmation before taking positions is a Must!
by SalimFX20
XAUUSD Technical Analysis 13th March 2024 1h chart– Tuesday Daily candle closed strong Bearish forming Daily Resistance around 2182.900. I’ll be looking for potential Buys above 2166.100 targeting previous 1h Support formed around 2173.900 and Daily Resistance around 2182.900. I’ll be looking for potential Sells below 2153.000 targeting 4h Support around 2145.800 and 30min Strong Support around 2138.800. There is more clean traffic on the left for price to continue Bearish and correct the recent Buys.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 13th March 2024 1h chart– Tuesday Daily candle closed Bullish at 188.800 forming Daily Support formed around 188.210. I’ll be looking for potential Buys on close above 189.140 targeting 4h Resistance around 189.580 and previous 4h Support formed on 6th March 2024 around 190.040. I’ll be looking for potential Sells below 188.370 targeting 30min Support around 187.970 and previous 4h Resistance formed on 2nd February 2024 around 187.500. High Impact News ahead of the London session open for the Pound Sterling GDP m/m, High volatility expected.
by SalimFX20
XAUUSD Technical Analysis 11th March 2024 1h chart– Last Weekly candle closed extremely Bullish breaking above the all time high formed in December 2023. Friday Daily candle closed strong Bullish around 2179.300. I’ll be looking for potential Buys above 2185.800 targeting 30min Resistance around 2194.000 and Strong Key Level around 2200.000. I’ll be looking for potential Sells below 2170.800 targeting 1h previous Resistance around 2162.500 and 1h Strong Support around 2154.000. As Gold has been extremely Bullish for last 9 Daily candles there is high probability for price to retrace and correct the move to at least around 2150s area.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 11th March 2024 1h chart– Last Weekly candle closed Bearish rejecting recent Weekly Resistance around 190.700. Friday Daily candle closed Bearish but price ranged overall on the Hourly timeframe. I’ll be looking for potential Buys above 189.710 targeting 4h Resistance around 190.320 and Weekly Resistance around 190.690. I’ll be looking for potential Sells below 188.720 targeting previous Daily Resistance formed on 24th January 2024 at 188.130 and 4h previous Resistance formed on 2nd February 2024 around 187.530. Based on the recent 2 Weekly candles closing Bearish forming Resistance, There is a good probability for price to continue Bearish correcting recent Buys in order for price to retest the recent broken Monthly Resistance formed in December 2023.
by SalimFX20
GBPJPY Technical Analysis 8th March 2024 1h chart Thursday Daily candle closed weak Bearish around 189.560 closing above recent Daily Support and forming over 130 Pip Rejection wick to the downside. I’ll be looking for potential Buys above 189.760 targeting 4h Resistance around 190.350 and next 4h Strong Resistance around 190.810. I’ll be looking for potential Sells below 189.120 targeting 1h previous Resistance formed around 188.700 and 2nd target would be potential Daily Wick Fill around 188.230. There is a good probability for current Weekly candle to close Bearish respecting recent Weekly Resistance formed last week.
by SalimFX20