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AUDNZD: Ongoing Reversal from ResistanceI am watching for a reversal on AUDNZD as marked on my chart, expecting a reversal with a downside target at around 1.08700.
This is a high probability setup taken into account the overextended upside move to this resistance zone.
Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.
EURUSD is Nearing an Important Support!!Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.15400 zone, EURUSD is trading in an uptrend and currently is in a correction phase is in a correction phase in which it is approaching the trend at 1.15400 support and resistance area.
Trade safe, Joe.
Gold---sell near 3355, target 3330-3320Gold market analysis:
The gold buying and selling game in the past two days is quite fierce. The daily line is washed back and forth, with a combination of one Yin and one Yang. The upper and lower shadows of the daily line are relatively long. Yesterday, the daily line closed with a standard hammer candle pattern. After breaking the strong support of 3320, the price did not continue to fall, but bottomed out at 3308 and began to rise strongly, which eventually led to the short-term selling dream being shattered again. The daily line and K showed alternating conversions. The short-term trend is vague, but the long-term trend is still buying. This wave of repairs has the participation of fundamentals and the repair of gold itself. In the big cycle, it is difficult to form a daily selling trend without breaking the position of 3281. In addition, the fundamentals all support gold. I think the possibility of a deep fall in gold in the near future is very small. We are just a follower. In the short term, we focus on the intraday trend to operate. Yesterday, the daily line had a tail, and the possibility of continuing to fall today is small. Let's look at the repair rebound in the Asian session first. The first suppression position for buying rebound is around 3357. This position is also a form suppression and an indicator suppression. The other suppressions are around 3366 and 3377. Note that gold is not unilateral. When encountering great pressure, we must also consider selling opportunities. Today, I think it will rebound first and then fall back.
Support 3327 and 3320, strong support 3308, pressure 3344.3357.3366.3377, and the strength and weakness dividing line of the market is 3340.
Fundamental analysis:
There are not many fundamentals this week. The data released yesterday still suppressed gold as a whole, but the gold tail market still bottomed out and rebounded.
Operation suggestions:
Gold---sell near 3355, target 3330-3320
DOW JONES INDEX (US30): Bearish Move From Trend Line
I see a test of a strong trend line on US30.
The price formed a head & shoulders pattern on that
and a breakout of its neckline on an hourly time frame.
I expect a retracement to 48390
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continuation bullish modeBased on the chart tf 1h, looks still strong to bullish mode. retracement area maybe between 4254 to 4230 which is area hh before (major market structure and Fibonacci retracement 0.5 to 0.618. and theres also strong support trendline in that area. however, will see how much the gap this morning .18 July. #testingpublish
USDCHF: Could be telling a story of break-retest-reversalThe price action on the USDCHF presents an opportunity of structural transition. The descending trendline has acted as dynamic resistance, has contained each rally attempt beautifully. This trendline is marked by multiple rejections, reflected bearish dominance, a controlled downtrend in motion.
The recent movement though could signal a shift. The market has started to break above this descending structure, and it could early suggest that bearish momentum is weakening.
I will be waiting for the price to return to the broken trendline, treating former resistance as newfound support. It’s a confirmation pattern in order to filter false moves, a structure retest that reinforces breakout reliability.
From this base, I am expecting it to target the 0.81900 level, as shown. This area coinciding with horizontal resistance that aligns with previous reactions. Such levels as natural “gravitational pivots”.
An ideal approach here would involve observing the character of the pullback. If the market returns to the trendline with declining bearish volume and forms higher lows on lower timeframes, it strengthens the bullish case.
The trendline break on the chart is not just a signal, it’s a storyline unfolding. It marks a shift with a story. And if volume, price structure, and timing align as they appear poised to, this move could be the first move in a broader upside correction or trend reversal.
Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
BBAI - Cup with Handle Long Cup Formation: BBAI carved out a rounded base over several months, bottoming near $4.00 and gradually climbing back toward resistance around $8.00.
Handle Formation: After testing the $8.00 zone, the stock pulled back slightly into a tight range between $6.80 and $7.50, forming the “handle”—a sign of healthy consolidation before a breakout.
Breakout Level: The breakout occurred at $8.22, confirmed by a surge in volume and RSI strength, suggesting institutional accumulation.
Price Target: Based on the depth of the cup, the projected upside ranges from $10.50 to $12.00, with extended potential toward $15+ if momentum continues.
ATOM Sleeping GIANT ALT | Moving Averages BULLISH like NOV24'ATOM is slowly but surely making a turn up towards the first Take Profit point.
From the bottom, Cosmos has already increased a whopping 52% , with even more room to grow:
In my previous update, the 4 was still bearish when looking at trend lines and moving averages.
However, this has flipped to bullish from the 4h upward, with the price trading high above the moving averages in the 4h and in the daily timeframe:
4H:
Daily:
Note how previously, the big increases started as soon as the price regained the moving averages as support.
Lingrid | SOLUSDT trend Continuation TradeThe price perfectly fulfilled my previous idea . BINANCE:SOLUSDT found strong support around the 155.7 level after a brief pullback and continues to respect the ascending blue trendline. The previous bullish impulse followed by a healthy consolidation suggests a classic trend continuation structure. If buyers defend the current demand zone and reclaim upward momentum, a move toward the 180 resistance zone is likely. This setup aligns with broader bullish market structure and rising channel dynamics.
📉 Key Levels
Buy trigger: confirmed bounce from 155.7 trendline support
Buy zone: 155.7–158.0 (range floor and trendline confluence)
Target: 180.0
Invalidation: breakdown below 155.0 signals structure shift
💡 Risks
Volatility around trendline retest could trigger stop hunts
Failure to reclaim momentum above 165 may lead to ranging
Sudden market-wide weakness could pressure altcoins broadly
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
UK employment,wage growth falls, US retail sales shineThe British pound showing limited movement on Thursday. In the North American session, GBP/USD is trading at 1.3406, down 0.09% on the day.
Today's UK employment report pointed to a cooling in the UK labor market. The number of employees on company payrolls dropped by 41 thousand in June after a decline of 25 thousand in May. Still, the May decline was downwardly revised from 109 thousand, easing concerns of a significant deterioration in the labor market.
Wage growth (excluding bonuses) dropped to 5.0% from a revised 5.3%, above the market estimate of 4.9%. The unemployment rate ticked up to 4.7%, up from 4.6% and above the market estimate of 4.6%. This is the highest jobless level since the three months to July 2021.
The latest job data will ease the pressure on the Bank of England to lower rates, as the sharp revision to the May payroll employees means the labor market has not deteriorated as much as had been feared. Still, the employment picture remains weak and the markets are expecting an August rate cut, even though UK inflation was hotter than expected in June.
US retail sales bounced back in June after back-to-back declines. Consumers reacted with a thumbs-down to President Trump's tariffs, which took effect in April and made imported goods more expensive.
The markets had anticipated a marginal gain of just 0.1% m/m in June but retail sales came in at an impressive 0.6%, with most sub-categories recording stronger activity in June. This follows a sharp 0.9% decline in May.
The US tariffs seem to have had a significant impact on retail sales, as consumers continue to time their purchases to minimize the effect of tariffs.
Consumers increased spending before the tariffs took effect and cut back once the tariffs were in place. With a truce in place between the US and China which has slashed tariff rates, consumers have opened their wallets and are spending more on big-ticket items such as motor vehicles, which jumped 1.2% in June.
NASDAQ100 Hits Target at 23170 – Watch for Breakout or PullbackNASDAQ100 Tests ATH – Key Decision Zone at 23170
New ATH Achieved:
NASDAQ100 recorded a new All-Time High (ATH), hitting our target at 23170 precisely as projected.
Currently, price is consolidating below 23170. Sustained rejection at this level could trigger a short-term bearish pullback toward 23010. A deeper correction may extend to 22900 or even 22815.
However, a clean breakout above 23170 would confirm bullish continuation, with the next target at 23350.
Key Levels
• Pivot: 23170
• Resistance: 23250 / 23350
• Support: 23010 / 22900 / 22815
Outlook:
• Bullish above 23170
• Bearish below 23170 (short-term pullback zone)
DeGRAM | ETHUSD retest of the support level📊 Technical Analysis
● ETH exploded out of the purple median channel, invalidating March-July lower-highs; retest of 3 210 held as a fresh higher-low, confirming trend acceleration.
● Price is now travelling the channel’s outer parallel; flag pole projected from the 2 430→3 210 thrust aligns with the 4 150-4 250 supply zone shown in pink.
💡 Fundamental Analysis
● CME ether futures OI hit a 14-month high on 17 Jul while exchange balances dropped to a five-year low, signalling strong institutional demand and tight float ahead of expected spot-ETF approvals.
✨ Summary
Long 3 210-3 300; hold above 3 210 targets 3 600 → 4 200. Bull view void on a 16 h close below 3 020.
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When will Altseason start?So with ETH.D sweeping its all time low I feel very confident that eth has made the low for this cycle as well as BTC.D retracing providing further confluence that this is the case and we will see eth start to outperform bitcoin but I begun to question where altcoins stand currently stand and when we will start to see them outperform both BTC and ETH as they currently bleed to them as Both ETH and BTC make higher lows while altcoin pairs are making lower lows. I feel like until we see a run above this trend line above the .82 lvl we will see altcoins bleed against ETH and BTC.
GOLD tests $3,310 then recovers, continues sidewaysInternational OANDA:XAUUSD fell to the support level of 3,310 USD, then recovered and continued to stabilize sideways due to the stronger US Dollar and market tensions eased after US President Trump said it was "extremely unlikely" to fire Federal Reserve Chairman Powell.
As of the time of writing, spot OANDA:XAUUSD was trading at 3,339 USD/oz.
Reuters reported on Wednesday that Trump is still open to the possibility of firing Powell. However, Trump said on Wednesday that he has no intention of firing Powell at this time, but did not completely rule out the possibility and reiterated his criticism of the Fed chairman for not lowering interest rates.
Data showed US producer prices unexpectedly held steady in June, as the impact of higher import tariffs on goods was offset by weakness in the services sector.
The unchanged US PPI in June showed wholesale prices were stabilising, suggesting the economic impact of tariffs may be smaller than initially feared.
The lower-than-expected core CPI and core PPI data did not provide the boost that was expected, which could mean that the market is focusing on other aspects. More broadly, as the Fed gradually eases policy, real yields could continue to fall, and gold will maintain its upward trend. However, if the market continues to reprice expectations for a hawkish rate cut, this could trigger a short-term correction.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund (ETF), said its holdings rose 0.33% to 950.79 tonnes on Wednesday from 947.64 tonnes in the previous session.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, gold rebounded after falling and tested the support level noted by readers in yesterday's edition at 3,310 USD. The recovery brought gold prices back to work around the EMA21, continuing the sideways accumulation trend.
Structurally there is no change, as for gold to qualify for an upside move it needs to break resistance at the 0.236% Fibonacci retracement level then the short term target is the raw price point of $3,400. Meanwhile for gold to complete its bearish cycle it needs to sell below the 0.382% Fibonacci retracement level then the short term target would be around $3,246, more than the 0.50% Fibonacci retracement level.
The relative strength index (RSI) is also unchanged with the RSI activity around 50, indicating a hesitant market sentiment without leaning towards any particular trend.
Intraday, the technical outlook for gold prices continues to be a sideways accumulation trend, and the notable positions will be listed as follows.
Support: 3,310 – 3,300 – 3,292 USD
Resistance: 3,350 – 3,371 USD
SELL XAUUSD PRICE 3386 - 3384⚡️
↠↠ Stop Loss 3390
→Take Profit 1 3378
↨
→Take Profit 2 3372
BUY XAUUSD PRICE 3276 - 3278⚡️
↠↠ Stop Loss 3272
→Take Profit 1 3284
↨
→Take Profit 2 3290
AUDUSD could fall again despite bullish momentumAUDUSD could fall again despite bullish momentum
AUDUSD found strong support near 0.6460.
Overnight the price rose despite the lack of any news on the economic calendar.
This could be related to the low volume of the current month and perhaps small currency injections or profit taking create such moves.
The price is not yet clear, but there is a high possibility of further decline in the coming days. It may show signs of reversal soon and could fall to 0.6460 and 0.6400.
You may find more details in the chart!
Thank you and Good Luck!
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EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
EURUSD has broken support level and its ascending trendline, indicating a possible shift in short-term market structure and growing bearish pressure.
In the short term, we expect a pullback toward the broken support/trendline zone.
If price fails to reclaim this level, a continued move lower toward the next identified support zone is likely.
As long as price remains below the broken structure, the short-term outlook stays bearish.
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Why BNB Remains Bullish and Its Next Potential Move !Currently,is forming an ascending triangle, indicating a potential price increase. It is anticipated that the price could rise, aligning with the projected price movement (AB=CD).
However, it is crucial to wait for the triangle to break before taking any action.
Stay Awesome , CobraVanguard.