GOLD Daily, H4, H1 Forecasts, Technical Analysis & Trading IdeasDaily Timeframe:
TVC:GOLD has been rising rapidly recently but has almost stopped since February 11, when it hit its uptrend channel line.
With the RSI hitting resistance at 77 and showing signs of falling, there is a high probability that a corrective wave is about to begin.
Four-hour Timeframe:
A rising wedge pattern has formed in the price.
As long as the price does not break the resistance at 2955 and the red line of the rising wedge continues upwards, a downward wave is expected to begin.
A strong bearish divergence has also formed in the RSI.
One-hour Timeframe:
A head and shoulders pattern is forming.
If the price can break the neckline downward and the blue trend line of the rising wedge is also broken, the probability of a downward wave will be very high.
Shortterm
USDJPY Signal - 5 months support test 24.2.25148.60 to 152.70 range
Currently trading at 149.70
Support of 148.60-149.80 range is holding strong for the past 5 months.
Standard correction 300 pips up towards 152.70 makes sense following the expanding wedge pattern highlighted on the chart.
100 pip downside compared to 300 pip upside swing trade.
Make logical, timed, calculated action sticking to a plan and managing risk as top priorities.
GOOD LUCK!
BTC - Are You Ready?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been stagnant for a while, trading within a short-term bearish range!
But the wait is almost over, as BTC is now approaching the $100,000 mark, which represents the upper boundary of the bearish zone.
📈 Short-Term Bullish:
If BTC breaks above the $100,000 level, it is expected to enter a short-term bullish phase, potentially retesting its previous all-time high of $109,000.
However, as long as BTC remains below $100,000, the overall bias will stay bearish.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Still long $NVDAThe NASDAQ:NVDA Blackwell architecture is a game-changer, powering next-gen AI chips that giants like NASDAQ:MSFT and NASDAQ:META are scrambling to acquire. The upcoming RTX 50 series (including the RTX 5090) will bring AI-powered capabilities to gamers and creators in 2025. While some analysts project an average price target of 17.86, we're taking more cautious short-term view with a 140 target, following the stock's recent 12% dip.
EURUSD - H4, H1 forecasts, Technical Analysis & Trading IdeasIntraday forecast
The downtrend is broken, and the price is in an impulse wave.
Forecast:
1- Correction wave toward the Buy Zone
2- Another Upward Impulse wave toward Higher TPs
SL: Below 1.0331
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NZDCHF - Trend-Following TA signals short!NZDCHF overall bearish, looking for trend-following shorts on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SOLUSD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
155.100 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
A peak is formed in daily chart at 295.850 on 01/19/2025, so more losses to support(s) 186.409, 175.250 and minimum to Major Support (155.100) is expected.
Take Profits:
218.928
243.197
264.400
294.450
350.000
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USDCHF - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
0.89147 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 0.89147 is broken.
Technical analysis:
A trough is formed in daily chart at 0.89645 on 01/27/2025, so more gains to resistance(s) 0.91497, 0.92218, 0.94400 and more heights is expected.
Take Profits:
0.85510
0.86286
0.87474
0.88195
0.89147
0.90367
0.91497
0.92218
0.94400
0.96000
0.99200
1.01453
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GBPJPY - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
While the price is below the resistance 199.790, resumption of downtrend is expected.
We make sure when the support at 182.782 breaks.
If the resistance at 199.790 is broken, the short-term forecast -resumption of downtrend- will be invalid.
Technical analysis:
The descending flag taking shape suggests we will soon see another leg lower.
A peak is formed in daily chart at 198.945 on 12/30/2024, so more losses to support(s) 191.884, 189.477, 186.231 and minimum to Major Support (182.782) is expected.
Take Profits:
196.006
193.510
191.884
189.477
186.231
182.782
178.409
Total Profit: 3204 pip
Closed trade(s): 1584 pip Profit
Open trade(s): 1620 pip Profit
Trade Setup:
We opened 8 SELL trades @ 196.68 based on 'Peak' entry method at 2024-12-30, signaled by DTO.
Closed Profit:
TP1 @ 196.006 touched at 2024-12-31 with 67 pip Profit.
TP2 @ 193.510 touched at 2025-01-09 with 317 pip Profit.
TP3 @ 191.884 touched at 2025-01-13 with 480 pip Profit.
TP4 @ 189.477 touched at 2025-01-17 with 720 pip Profit.
67 + 317 + 480 + 720 = 1584 pip
Open Profit:
Profit for one SELL trade is 196.68(open price) - 192.632(current price) = 405 pip
4 trade(s) still open, therefore total profit for open trade(s) is 405 x 4 = 1620 pip
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GOLD - Weekly Forecast - Technical Analysis & Trading Ideas!Midterm forecast:
While the price is below the resistance 2789.95, beginning of downtrend is expected.
We make sure when the support at 2475.27 breaks.
If the resistance at 2789.95 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 2582.95 on 12/19/2024, so more gains to resistance(s) 2726.10 and maximum to Major Resistance (2789.95) is expected.
Take Profits:
2657.88
2601.87
2532.10
2475.27
2380.00
2279.87
2219.63
2145.04
2087.89
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XRP — SHORT TERM (EXPERIMENTAL)Ripple CRYPTOCAP:XRP is a peer-to-peer powered cryptocurrency designed to work seamlessly with the Internet to allow a fast, direct and secure way to send payments on the web.
Ripple is the leading provider of digital asset infrastructure for financial services. Send cross-border payments in real-time, engage with tokenization and digital assets, and meet regulatory compliance requirements—all in one place.
EXPERIMENTAL. NFA. DYOR.
Kalyan Jewellers H&S BOThe stock is exhibiting a potential Head and Shoulders (H&S) breakout after a significant rally from 130 to 800.
However, there is a risk of a false breakout for distribution purposes, so it's important to proceed with caution.
small supply can be seen at 880 levels.
A strong breakout would be more reliable if supported by good trading volumes.
Additionally, a stop loss (SL) can be set at the low of the shoulder, with a strong daily candle close below 710 indicating a possible reversal.
Always remember to do your own research before making any investment decisions.
GBPJPY - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: (Daily Time-frame)
While the price is below the resistance 199.790, resumption of downtrend is expected.
Technical analysis:
The descending flag taking shape suggests we will soon see another leg lower.
A peak is formed in daily chart at 198.945 on 12/30/2024, so more losses to support(s) 191.884, 189.477, 186.231 and minimum to Major Support (182.782) is expected.
Take Profits:
196.006
193.510
191.884
189.477
186.231
182.782
178.409
Total Profit: 2742 pip
Closed trade(s): 384 pip Profit
Open trade(s): 2358 pip Profit
Trade Setup:
We opened 8 SELL trades @ 196.68 based on 'Peak' entry method at 2024-12-30, signaled by DTO
Closed Profit:
TP1 @ 196.006 touched at 2024-12-31 with 67 pip Profit.
TP2 @ 193.510 touched at 2025-01-09 with 317 pip Profit.
67 + 317 = 384 pip
Open Profit:
Profit for one SELL trade is 196.68(open price) - 192.746(current price) = 393 pip
6 trade(s) still open, therefore total profit for open trade(s) is 393 x 6 = 2358 pip
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GBPCAD - Weekly Forecast - Technical Analysis & Trading Ideas!Midterm forecast (Daily Time-frame):
While the price is below the resistance 1.82310, beginning of downtrend is expected.
Technical analysis:
A peak is formed in daily chart at 1.82320 on 12/19/2024, so more losses to support(s) 1.79228, 1.78439, 1.76819 and minimum to Major Support (1.74790) is expected.
Take Profits:
1.79228
1.78439
1.76819
1.75765
1.74790
1.72705
1.70900
1.69267
1.67670
1.65599
1.63703
1.60894
Short-term forecast (H4 Time-frame):
A Head and Shoulder Reversal Pattern has formed and the neckline has also been broken.
Price is touching the neckline again.
It is very likely that the downward wave will start from this area.
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Ramco Cements: Bullish Flag BreakoutNSE:RAMCOCEM Ramco Cements has recently given a bullish flag breakout at ₹1040, indicating a strong upward momentum in the stock. A bullish flag pattern is a continuation pattern that signifies the resumption of an uptrend after a brief consolidation phase. The breakout from this pattern suggests a renewed buying interest, backed by robust volumes.
Trading Setup:
Entry Price: ₹1040
Stop Loss: ₹987 (below the consolidation zone)
Targets:
First Target: ₹1072.10
Second Target: ₹1104.10
Third Target: ₹1136.10
Fourth Target: ₹1168.05
Final Target: ₹1200.05
Risk-Reward Ratio:
This trade setup offers a favorable risk-to-reward ratio of 1:3, making it an attractive opportunity for swing traders.
Key Observations:
The stock has been in an uptrend, supported by strong institutional buying.
The breakout is accompanied by above-average volumes, adding conviction to the move.
Key resistance levels are expected at the target prices, while the stop loss is strategically
placed below the recent consolidation range to minimize risk.
Recommendation:
Traders can consider buying Ramco Cements at ₹1040 for the above-mentioned targets. Ensure strict adherence to the stop loss of ₹987 to manage risk effectively.
Disclaimer: This analysis is for educational purposes only. Please conduct your own research or consult with a financial advisor before taking any trading or investment decisions.
EUR/USD Short term short to long idea pending...This week, my focus for EUR/USD is on the supply zone near 1.05800. I anticipate a reaction from this level, making it a key area for potential sells at the start of the week. Following this initial move, I expect a bullish rally to develop midweek.
If the price drops to 1.05200, aligning with my 11-hour demand zone, I’ll shift my focus to potential buys. After receiving valid lower-timeframe confirmations, I plan to target the nearest liquidity pool to the upside as the price resumes its bullish trend.
Confluences for EUR/USD Sells:
Shift in Market Character: Price has shown signs of a downside reversal, suggesting a potential sell-off.
Unmitigated Supply Zone: A clean 2-hour supply zone remains untapped.
Liquidity Below: There’s significant liquidity to the downside that price may target.
Trend Recalibration: Despite the overall bullish trend, a pullback is necessary for continuation.
Note: If the supply zone at 1.05800 fails to hold, it will further confirm bullish momentum. In this case, I’ll wait for a nearby demand zone to form, providing an opportunity to capitalize on the move to the upside. Patience will be key in this scenario.
SWING IDEA - MEGASOFTNSE:MEGASOFT 's stock price has been retesting around the 50 resistance level for approximately one and half years. Following multiple retest, the stock finally broke out above this level in December 2023 and has since established it as a key support.
The stock subsequently surged to a peak of 107, representing a 104% increase. However, it then experienced a sharp correction, plummeting 50% to revisit the 50 support level again. This pivotal point, formerly a resistance, has now become a robust support.
Currently, MEGASOFT is exhibiting an upward momentum, poised to retest its swing high at 107. The weekly MACD crossover, occurring after the establishment of support at 50, indicates a bullish trend reversal. Immediate Short Term Target as mentioned in the chart with a potential to reach 13% from current Price Point is also observed.
KEY OBSERVATIONS:
- One year resistance level of 50 broken in December 2023
- Stock surged 104% to 107 before correcting 50%
- 50 level now serves as robust support
- Weekly MACD crossover indicates bullish momentum
- Upward momentum poised to retest swing high at 107
RECOMMENDATION:
Based on this technical analysis, I would recommend holding MEGASOFT for a Long Term horizon. This could potentially yield:
- 37% returns from the current price (as of writing)
- 104% returns from the support point (50)
This analysis highlights a compelling buying opportunity in MEGASOFT, driven by its breakout and momentum reversal.
IMPORTANT NOTE: Investors should be aware that there is a possibility that the stock may revisit this Support level at 50 in the near future before resuming its upward momentum towards the swing high at 107. This potential pullback should be monitored closely, and investors may consider adjusting their strategies accordingly.
DISCLAIMER: This IDEA is for informational/educational purposes only and should not be considered as investment advice. The analysis presented is based on technical indicators and historical data but does not guarantee future performance. Please conduct thorough research based on financial goals and risk tolerance, and consult with a financial advisor before making any investment decisions.
SasanSeifi| Will the Price Continue Its Short-Term Rise?In the 4-hour timeframe, as observed, the price entered a consolidation (range) phase after correcting around the 0.65500 price zone. It then broke previous highs at 0.65950. Following this structural break, the price returned to the gap zone and, supported at the 0.65800 level, experienced positive fluctuations with slight growth, currently trading at the 0.66000 level.
In the short term, it’s expected that the price could reach levels of 0.66250, 0.66450, and 0.66500, continuing this short-term upward trend toward these target zones. A possible scenario for the next price movement is that if it consolidates above 0.66000, the price may move upward in the short term towards the mentioned areas and supply zones.
To assess the continuation of this uptrend and anticipate future price behaviour, it’s essential to closely monitor price reactions at these levels. Key support areas in the 4-hour timeframe include 0.65800 and 0.65650.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
SasanSeifi| Can We Expect Short-Term Corrections?Hey there, ✌ In the short-term timeframe, we've observed that Bitcoin has surged from the $60,000 range to a high of $69,000. However, following this peak, the price has shown a negative reaction, undergoing a minor correction down to the $67,000 levels after a brief period of fluctuations.
Currently, the price has remained in a range after encountering the Exponential Moving Average (EMA) at the $67,000 mark. The significant resistance level ahead in the 4-hour timeframe lies between $67,750 and $68,500.
Analysing the chart in the lower timeframes, it appears that the price may be inclined to experience further corrections. If a candle closes below the $66,950 to $66,850 levels, we might witness a price correction down to the demand levels at $65,500, and potentially further to $64,250 to $63,000. Understanding how the price reacts to these levels will be crucial for assessing the ongoing trend. Additionally, if the price faces increased demand and breaks above the established resistance levels, the corrective scenario could be reconsidered. The potential trend is clearly outlined in the chart above.
💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
ACHR NYSE --On a Close Trend of spiking as could break 200MA 4.8This is one of many Electric Aviation company's with some nice numbers moving up to 4.8$ which is a shows (me?) 200MA..thus could be a nice Swing.
I'm in from 5.10$ as for this trade..will wait some days, As it also shows fast dumps..so need an eye on it, But for me looks like Tree Shaking..
Good luck if helps anyone