GBPUSD slipping fast – Is 1.30 the next magnet?Hey traders, what’s your take on GBPUSD today?
Overall, the pair is deepening its bearish trend after losing the key 1.3400 level. At the time of writing, GBPUSD is hovering around 1.3272 with no signs of a short-term bottom in sight.
The main catalyst for this drop is the strong bullish momentum of the U.S. dollar. A series of upbeat U.S. economic data – including jobs reports, personal consumption expenditures (PCE), and consumer confidence – all exceeded expectations, fueling USD strength. Meanwhile, the Bank of England (BoE) remains cautious amid slowing growth and cooling inflation, offering little support for the pound.
From a technical perspective, momentum has clearly shifted in favor of the bears. Price remains pressured below both the 34 and 89 EMAs, confirming strong downside momentum. The previous break below the rising trendline and failure to hold above the prior support zone – around the 0.5–0.618 Fibonacci retracement – further supports the ongoing bearish bias.
Looking ahead, if the selling pressure continues and the current support gives way, GBPUSD could fall toward the 1.272 Fibonacci extension at 1.3129. If that level fails to hold, 1.3004 (Fibo 1.618) becomes the next key downside target. These are crucial zones to monitor for potential price reactions in the coming sessions.
In short, the probability of further downside is higher than a meaningful recovery. With both technical and macro forces favoring the bears, GBPUSD may remain under pressure in the days ahead – unless a strong catalyst from the UK emerges to shift sentiment. What’s your outlook on this scenario? Let’s discuss in the comments below!
Trend Analysis
DXY testing 100.00 resistanceThe US dollar index has risen to rest a key resistance area around the 100.00 level. Previously a key support and resistance zone, what happens here could determine the near-term technical direction for the US dollar.
Key support below this zone is at 98.95, marking a prior resistance. Given the short-term bullish price structure, I would expect this level to hold if the greenback were to ease back from here.
If the bullish momentum gathers pace, then 101.00 could be the next stop, followed by the recent high of 101.97.
From a macro point of view, resilient economic data and persistent core inflation concerns continue to support the Federal Reserve’s cautious policy approach. Today’s core PCE inflation reading came in slightly above forecast, at 2.8% year-over-year versus the expected 2.7%. In addition, jobless claims were better than anticipated, registering 218,000 compared to the 224,000 forecast. The Q2 Employment Cost Index also surprised to the upside, rising 0.9% quarter-on-quarter.
These figures follow yesterday’s stronger-than-expected GDP report and a solid ADP private payrolls release, further underscoring the strength of the U.S. economy.
Attention now turns to Friday’s nonfarm payrolls report, which could have a meaningful impact on rate expectations. Fed Chair Jerome Powell has emphasized the importance of the unemployment rate as a key metric, so any upside surprise could reinforce the Fed’s current position.
However, expectations are not very high for the non-farm payrolls report. Current forecasts suggest an increase of 106,000 jobs, with average weekly earnings rising 0.3% month-over-month, and the unemployment rate edging up to 4.2%. Yet, the scarcity of strong leading indicators this month adds a layer of uncertainty to the outlook.
By Fawad Razaqzada, market analyst with FOREX.com
EURGBP Steps Into A Correction Within Ongoing RecoveryEURGBP is sharply down after reaching April highs for wave »v« of an impulse into wave A. As expected, the pair is now unfolding a three-wave abc corrective setback within higher-degree wave B. Currently, EURGBP is breaking below the channel support line in a sharp and impulsive projected wave »a«. A corrective recovery in wave »b« may follow, considering that RSI is already at the lower side of its range. Overall, we are still tracking this correction toward the 0.85x support area, which could act as a base before a potential bullish continuation higher into wave C.
daily #bitcoin analysisBitcoin is fluctuating between the two price areas of $115,000 and $120,000 and I don't think it will trend either up or down anytime soon. Unless it breaks the two mentioned areas from above or below. As we can see, the new RSI indicator also shows a sideways trend. This analysis is not a financial recommendation in any way.
AUDUSD longs!!!Hello everyone
My bias towards AUDUSD is looking bullish and these are my reasons on why.
1. Price started to consolidate between 14/05/25 to 23/06/25 which caused price to take out EQL'S and create a CHOCH to the upside.
2. Price has than created many more consolidation patterns followed by EQL's raids as well.
3. I am hoping price will return back to my 4hr demand zone to go long again.
Looking for either market entry or buy limit not sure yet will find out as time goes by.
Bitcoin:Can Support at Point of Control Fuel a Move to New High?Bitcoin is currently consolidating at its local point of control, facing immediate resistance from a Fibonacci-aligned value area low. A critical reversal from here could pave the way to new all-time highs.
Bitcoin has entered a pivotal phase, trading at a key technical region that could determine its short-term direction. Over the past week, price action has hovered around the local point of control, showing signs of absorption and consolidation. With immediate resistance looming at a major confluence level, the next few daily candles may set the stage for either a breakout or a deeper retracement.
Key Technical Points:
- Local Point of Control: Bitcoin is ranging around this level, showing indecision
- Value Area Low + 0.618 Fib: Immediate resistance forms strong technical confluence
- Swing Low Critical: A break below the last swing low would invalidate bullish structure
Bitcoin’s current position around the local point of control reflects a phase of market equilibrium. This level represents the area of highest traded volume over the recent range, acting as both support and resistance at different times. The fact that price has revisited and hovered here for multiple days suggests active positioning from both bulls and bears.
Just above lies the value area low, which is in direct confluence with the 0.618 Fibonacci retracement from the recent swing high to swing low. This dual-layered resistance is significant — if Bitcoin is able to break above and reclaim this zone, it could unlock the next leg higher.
However, traders must remain cautious. The most recent swing low, formed during the last pullback, now acts as the final line of defense for bulls. A loss of this low would shift market structure to bearish and potentially initiate a correction deeper into the prior range.
So far, the lack of high-volume breakdowns suggests sellers have not yet gained control. But without a decisive bounce and follow-through above resistance, the risk of a failed reversal increases.
What to Expect in the Coming Price Action:
If Bitcoin holds above the point of control and mounts a successful challenge of the value area low, a rotation toward a new all-time high becomes increasingly likely. However, failure to defend the swing low would invalidate the setup and favor further downside. All eyes remain on the current consolidation for clues on the next major move.
RUNE : Ready to pump?Hello friends🙌
👀According to the price drop, you can see that the price has reached an important area, which, according to the pattern formed, if the specified resistance is broken, we can enter with risk and capital management and move to the specified targets.
🔥Follow us for more signals🔥
*Trade safely with us*
Ethereum Mid Week Update - Swing Long Idea📈 Market Context:
ETH remains in a healthy bullish structure. Despite the recent retracement, price action is still supported by strong demand zones on higher timeframes. No change in the overall sentiment from earlier this week.
🧾 Weekly Recap:
• Price rejected from the Fibonacci 0.5 EQ level — a discounted zone in my model.
• While doing so, it also ran 4H swing liquidity.
• After taking liquidity, ETH formed a 1H demand zone — a sign to look for lower timeframe confirmations for long setups.
📌 Technical Outlook:
→ Price has already tapped into the 1H demand zone.
→ From here, we have two possible scenarios:
Black scenario (ideal):
• Wait for 15M bullish break of structure (BOS).
• Enter after confirmation for long setups from 1H demand.
Blue scenario (deeper retrace):
• If no bounce from 1H demand, expect price to dip toward 0.75 Fib level (max discount).
• Watch for another liquidity run & 1H–4H demand formation.
🎯 Setup Trigger:
✅ 15M bullish BOS inside 1H or 4H demand zones
→ This would be the entry confirmation trigger for longs.
📋 Trade Management:
• Stoploss: Below the swing low of the 15M BOS
• Target: 4090$
💬 Like, follow, and drop a comment if this outlook helped — and stay tuned for more setups each week!
Decentraland: Where Are the Bulls?Decentraland’s MANA has recently struggled to sustain the upward momentum of wave iii in orange. Nonetheless, our primary scenario remains that this move should eventually push the altcoin above the $0.40 resistance level. Overall, we anticipate the full five-wave orange sequence could extend beyond the next key threshold at $0.85 before the larger blue wave (i) reaches its peak. Conversely, our 25% likely alternative scenario still allows for a new wave corrective low below the $0.19 support.
📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do (for more: look to the right).
FTTUSDT 1D#FTT has formed a falling wedge pattern on the daily chart.
For a bullish scenario to play out, it must break above the resistance cluster, which includes the wedge resistance, the Ichimoku Cloud, and the daily SMA100, with strong volume.
If that happens, the potential targets are:
🎯 $1.1623
🎯 $1.4424
🎯 $1.6475
🎯 $1.9046
🎯 $2.2782
🎯 $2.6517
⚠️ As always, use a tight stop-loss and apply proper risk management.
SILVER: Will Go Down! Short!
My dear friends,
Today we will analyse SILVER together☺️
The market is at an inflection zone and price has now reached an area around 36.490 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 36.231..Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
GNSUSDT 1D#GNS is consolidating just below a key resistance zone on the daily chart and has formed an ascending triangle pattern.
We plan to buy at the current level and again near the $1.630 support level or the support zone in case of a breakdown below the triangle.
If a breakout occurs above the resistance zone, the potential upside targets are:
🎯 $2.098
🎯 $2.284
🎯 $2.469
🎯 $2.733
🎯 $3.070
⚠️ As always, use a tight stop-loss and apply proper risk management.
GBPCAD: The Hunt for the Previous Month's LowLike a predator stalking its prey, the market often moves with a clear objective. For GBPCAD, the primary target is now the massive pool of liquidity resting below the Previous Month's Low. This isn't a random drop; it's a calculated hunt. This analysis lays out the plan to join the reversal after the hunt is complete.
The price of GBPCAD is approaching a large pool of liquidity in the form of the Previous Month's Low (PML) , with the May 5th low located just below it. There is a high probability that this liquidity will be swept in the near future, because with only a few days left until the end of the month, the PML will no longer act as such a strong magnet for the price as it does now.
The capture of this liquidity would be accompanied by the mitigation of a daily order block in conjunction with a daily FVG . This confluence of factors could act as strong support for a potential price bounce, with a minimum target of a liquidity sweep of the Previous Week's High (PWH) .
SETUP CONDITIONS
The condition for the long setup to form would be a sharp downside liquidity sweep with a candle wick, which mitigates the upper part of the daily order block, followed by the start of a bullish order flow on a lower timeframe .
► Invalidation: Invalidation of the long scenario would be a daily candle body closing below the May 5th low, or a sharp drop to the middle of the daily order block.
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The principles and conditions for forming the manipulation zones I show in this trade idea are detailed in my educational publication, which was chosen by TradingView for the "Editor's Picks" category and received a huge amount of positive feedback from this insightful trading community. To better understand the logic I've used here and the general principles of price movement in most markets from the perspective of institutional capital, I highly recommend checking out this guide if you haven't already. 👇
P.S. This is not a prediction of the exact price direction. It is a description of high-probability setup that become valid only if specific conditions are met when the price reaches the marked POI. If the conditions are not met, the setup are invalid. No setup has a 100% success rate, so if you decide to use this trade idea, always apply a stop-loss and proper risk management. Trade smart.
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Have a question or your own view on this idea? Share it in the comments. 💬
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BNB Structural Analysis – Decision Zone & Bullish Setup Ahead!💎🚀 BNB Structural Analysis – Decision Zone & Bullish Setup Ahead! 🔥♦️
🔍 Dow Theory + Index Review + Market Structure Breakdown
✅ Like 💥 Follow 💬 Comment to keep this content coming daily!
👋 Hey traders! Welcome to our daily crypto routine:
📅 Every Day:
🔹 BTC + ETH technical updates
🔹 Full market structure review (TOTAL, BTC.D, USDT.D…)
📅 Every Sunday:
🔸 Weekly analysis of the Top 10 Altcoins (excluding BTC & ETH)
💎 Analysis method:
🧠 Dow Theory
📈 HWC Cycle – 1D timeframe
📉 MWC Cycle – 4H
🕐 LWC Cycle – 1H
📊 Index tracking: TOTAL / TOTAL2 / TOTAL3 / BTC.D / USDT.D
🔥 🧠 STRUCTURAL INSIGHTS – BNB, Market Context, and Trigger Points
♦️ Indexes Status
🔸 BTC.D – ⚠️ If 60.44 breaks down → bullish for altcoins. So far, the 62–62.36 zone has held as resistance – 🟢 still favorable for alts.
🔸 USDT.D – Currently trying to break 4.40, but hasn’t succeeded yet. This keeps the bullish bias intact.
💡 Before 4.13 breaks upward, we should already have open long positions.
🔸 TOTAL3 – Testing previous bottom – forming a potential double bottom.
💎 Breakout above 1.08T = 🟢 confirmation of a new altcoin wave, which could also support BNB’s rally
.
♦️ BTC Context – The Key to Altcoin Momentum
🟡 Still ranging between 115K–120K
🚀 Breakout above 120K could unleash strong rallies across alts – especially BNB.
♦️ BNB/USDT Analysis – 4H Bullish, But Decision Time Is Near!
🔹 Trend:
✅ In the 4H timeframe, structure remains bullish – higher highs and higher lows still intact.
🔻 However, the latest price action has seen a deep correction from the 856 high, pushing price back into the daily support zone (745–786) = 📍 Decision Zone.
🛑 739 = key level. If it breaks, the 4H Dow structure breaks too.
💎 Key Levels to Watch:
• 🔼 Daily Resistance: 856.05
• 🔽 Key Daily Support: 745
• 🔽 Important 4H Support: 786.13
💎 Current Position Outlook:
✅ Entry at 786 = still valid and technically sound
✅ Stop-loss below 739 = protects the Dow structure
🎯 Targets: First 900, then 1000 – with potential for more if 1000 breaks
⚠️ Alternate Entry Trigger (Safe Setup):
🚀 If you missed the 786 entry:
📍 Wait for a break of previous 4H candle high (~805) WITH volume confirmation
🎯 Targets: 856 → 900 → 1000
🔁 Summary:
🟡 As long as the market holds above 739 and BTC doesn’t break down, this is a high-probability bullish setup
🔥 Break above 805 = a strong momentum trigger
📌 We stay bullish while respecting structure and volume
🚀 Smash that ROCKET if this analysis helped!
💬 Drop your thoughts in the comments
👍 Like & 🔔 Follow for daily updates and altcoin strategies
NASDAQ-Lets catch 250 Points togetherHello Fellow Traders,
Nasdaq has been wild since a time now. Today, I have spotted a rade to share with my fellow traders.
Yesterday closed with a good bullish candle. As the NY seesion has begun now, I am anticipating price to retrace to the highlighted breaker block that accurately aligns with an IFVG as well.
I am waiting for the price to fall into my area where I will monitor price's reaction, if we see signs of ejection from the highlighted areas, I wuld love to take a Buy Trade.
Entry= If rice enters the Breaker and IFVG and shows a good rejection.
SL= 23340
TP= Today's highs or 23700.
Manage your risk according toyour capital and only enter the trade if we happen to see a good rejection from the area. Be patient and don't hurry.
GOLD Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for GOLD below:
The instrument tests an important psychological level 3309.2
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 3296.9
Recommended Stop Loss - 3316.4
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
Crude Oil’s $70 Surge Still Faces 3-Year Channel ResistanceAlthough news points to a crude oil price surge, technical analysis indicates price cap risks remain within the borders of a 3-year descending channel.
Should a clear hold emerge above the $70 barrier, the bullish rebound in price action from the $64.40 zone, in line with the weekly RSI’s rebound off the neutral 50 zone, may extend toward the channel’s upper boundary at $72.40, $74.40, and $77 in more extreme scenarios.
A confirmed hold above the $77–78 zone may shift the primary trend away from bearish dominance and pave the way for longer-term bullish forecasts.
On the downside, if a price drop results in a clean break below the $64 barrier, downside risks may extend toward the mid-zone of the long-standing channel, with potential support levels at $63.20, $61.80, and $59.70, respectively.
Written by Razan Hilal, CMT
BTCUSD looking for corrective drop towards $111K!1). "Indecisive" weekly Doji retail candle! 2). Price rejection off higher times! 3). Risk indicator is heading south! 4). Trump said "BUY!" 5). There appears to be a cluster of "BUY" orders around $114$K as typically, price drops to trigger those orders!
SHIBA | Bullish Breakout ABOVE Ideal Buy ZoneBINANCE:SHIBUSDT
Shiba is know to make big increases in short periods of time... that's why we love it!
The tricky thing about SHIBA is that the pumps can be unpredictable so the best way to ensure a position is to buy as low as possible to the ideal buy zone.
In the weekly timeframe, the technical indicators are not quite bullish yet. The moving averages is still above the price, meaning the bulls have yet to take full control of the price in lower timeframes.
The same can be said for the daily, although we are seeing progress as the 200d moving averages have been reclaimed: