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Trend Analysis

EURJPY Poised to test the top after the BOJ Rate DecisionEURJPY Poised to test the top after the BOJ Rate Decision EURJPY broke out of a descending type of channel pattern or something similar. The last two candles confirmed the bullish movement in a clear way and the odds are that EURJPY may rise further during the coming hours. However this movement is also supported by BOJ Interst Rate decision. BOJ kept rates unchanged at 0.5% as expected and they didn't change anything at all in their comments. News - reported by forexlive The Japanese Yen weakened across the board throughout BoJ Governor Ueda press conference. He sounded like someone who's not in a rush to hike rates at all. The two key lines were "monetary tightening effectively works on demand-driven inflation, but current inflation is largely supply-driven" and "current FX rate not diverging far from our assumptions". He's basically saying that the current inflation is likely to be a one-off event and we all know how much weight they place on sustained inflation to durably hit their 2% target. And the comment about FX suggests that the depreciation in the JPY does not concern them at all, which gives the market the green light for further depreciation (all else being equal). You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading day Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by KlejdiCuni
8
DeGRAM | GBPUSD is forming the falling wedge📊 Technical Analysis ● GBPUSD is attempting a reversal from the lower boundary of a descending channel after forming a short-term double-bottom near 1.3138. ● Price is now climbing toward 1.3258 resistance, supported by bullish divergence and a break of the local falling wedge. 💡 Fundamental Analysis ● The USD is under pressure ahead of key NFP data, as ISM manufacturing misses weighed on Treasury yields. ● Positive UK PMI and consumer lending data have supported GBP, with BoE policy expectations firming above neutral. ✨ Summary Long bias above 1.3138. Breakout targets 1.3258 ➜ 1.3423. Setup valid while price holds above 1.3110 support. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
2
Crypto Market Slows Down For A Pullback Within A Bullish TrendGood morning Crypto traders! Cryptocurrencies are coming slightly lower on the intraday basis due to stock market decline yesterday, but we still see them approaching support, so still be aware of a bounce and recovery at the end of the week or maybe next week because of an upcoming weekend. Crypto TOTAL market cap chart can be trading in wave »y« of a complex w-x-y correction in wave 4, unless it's a flat correction, but support is the same at 3.6T – 3.5T area, from where we may see a bullish continuation within wave 5.
CRYPTOCAP:TOTALLong
by ew-forecast
1
HelenP. I After correction to support level, Gold start to growHi folks today I'm prepared for you Gold analytics. An examination of the chart highlights a well-established long-term uptrend, with the bullish structure being clearly defined by a major ascending trend line that has consistently provided dynamic support. Currently, the price is undergoing a healthy correction after being rejected from the major resistance zone around 3430. This pullback is now guiding the price towards a critical confluence of support, where the aforementioned ascending trend line intersects with a strong horizontal support zone at 3305 - 3285. My analysis for a long position is based on the high probability of a bullish reaction from this key area. I believe that as the price enters this support confluence, it will be met with strong buying pressure, as it represents a logical point for buyers to defend the trend. A confirmed bounce from this zone, demonstrated by a rejection of lower prices, would be the main condition to validate the continuation of the uptrend. Therefore, the primary goal for the subsequent rally is set at the 3430 resistance level, as a retest of the recent high is the most logical objective following a successful defense of the trend. If you like my analytics you may support me with your like/comment ❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDLong
by FirstNameHelen
11
The idea of shorting on rallies below 3315 remains unchanged.Gold remains generally weak, with multiple rebounds showing signs of fatigue. The upward moving average continues to suppress prices, indicating that the bearish trend remains intact, and the short-term market outlook remains bearish. Trading strategies remain bearish today, with a key focus on the 3300-3315 area, a key short-term resistance zone. If the market rebounds before the US market opens and approaches this area, or if a clear topping signal appears near this range, consider entering a short position. Today will see the release of the non-farm payroll data, which may influence the market's trajectory. We recommend prioritizing short-term trading before the release, and reconsidering the market's direction based on market feedback after the release. Structurally, gold continues to exhibit a volatile downward trend, with lower highs and lower lows. Today's low is expected to be lower than yesterday's. Short-term short positions are focused on 3285-3280, with a break below this level potentially allowing for further declines. Please carefully time your entry, strictly implement risk management, and avoid emotional trading.
OANDA:XAUUSDShort
by Trade-Daniel
2
Today’s Opportunity: Stay Sharp on GBPJPY!Hey friends, Here's my latest analysis on GBPJPY. 📌 Buy Entry Zone: 197.590 - 197.336 🎯 Target Level: 198.642 📅 Today, major economic data will be released from the U.S. Make sure to factor this into your fundamental analysis. 📊 It’s not just about the charts—fundamentals matter too. Technical + Fundamental = Powerful outcomes ✅ 💬 Every like and bit of support keeps me going. Thanks so much to everyone backing this journey! 🙌
Long
by TraderTilki
4
DOGEUSDT Technical Analysis – Bullish Reversal Anticipated DOGEUSDT Technical Analysis – Bullish Reversal Anticipated 🔍 Key Technical Zones: Support Zone: $0.1990 – $0.2015 Strong bullish reactions noted from this level in previous attempts. Confluence with volume accumulation on the left (as seen in the Volume Profile). Signifies a strong demand zone where buyers are stepping in. Resistance Zone / Target: $0.2220 – $0.2240 Previous structural high and supply zone. Marked as the first major liquidity area. Also aligns with imbalance and CHoCH (Change of Character), a common SMC concept. 🔄 Market Structure: CHoCH (Change of Character) marked multiple times, indicating attempts by bulls to reclaim structure. Recent price action shows accumulation near support. Sideways consolidation suggests potential for a bullish breakout. Liquidity sweep of recent lows could indicate that smart money is accumulating positions before a move higher. 🎯 Trade Setup Idea: Entry Area: Between $0.2000 – $0.2060 (inside the support zone) Target: $0.22396 (as marked) Stop Loss: Below $0.1980 (below the visible support range) 🔧 Indicators and Tools Used: Volume Profile (VRVP): Shows most volume traded around $0.205 – $0.207, indicating strong positioning from market participants. Smart Money Concepts (SMC): CHoCH and liquidity concepts signal potential accumulation and reversal. Price Action Analysis: Clean swing structure with support-resistance rotation visible. 📌 Conclusion: DOGEUSDT is currently trading in a range-bound structure with a bullish bias from the support zone. If the price sustains above $0.205 and breaks above minor resistance, the upside target of $0.22396 is likely. This setup is supported by strong volume accumulation and smart money structure shifts.
Long
by Mentor_Michael03
1
Bitcoin: New All-Time High — What’s Next?Bitcoin had an incredible run, breaking the old all-time high ($111,980) with strong bullish momentum and setting a fresh ATH at $123,218 (Binance). We just witnessed the first major corrective move of ~6% and a decent bounce so far — but the big question is: What’s next? Will Bitcoin break higher over the summer or form a trading range here? Let’s dive into the technicals. 🧩 Higher Timeframe Structure May–June Range: BTC was stuck between $110K–$100K, forming an ABC corrective pattern. Using trend-based Fib extension (TBFE) from A–B–C: ✅ C wave completed at $98,922 (1.0 TBFE) ✅ Upside target hit at $122,137 (-1 TBFE) Full Bull Market TBFE: ➡️ 1.0 → $107,301 → previously rejected ➡️ 1.272 → $123,158 → recent rejection zone Pitchfork (log scale): ➡️ Tapped the upper resistance edge before rejecting. Previous Bear Market Fib Extension: ➡️ 2.0 extension at $122,524 hit. 2018–2022 Cycle TBFE: ➡️ 1.618 at $122,011 tapped. Macro Fibonacci Channel: ➡️ Connecting 2018 low ($3,782), 2021 ATH ($69K), 2022 low ($15,476) → 1.618–1.666 resistance band: $121K–$123.5K. ✅ Conclusion: Multiple fib confluences mark the $122K–$123K zone as critical resistance. Daily Timeframe ➡️ FVG / Imbalance: Big daily Fair Value Gap between the prior ATH and $115,222 swing low. BTC broke the prior ATH (pATH) without retest → a pullback to this zone is likely. Lower Timeframe / Short-Term Outlook We likely saw a completed 5-wave impulse up → now correcting. The -6% move was probably wave A, current bounce = wave B, next leg = wave C. ➡ Wave B short zone: $120K–$121K ➡ Wave C target (1.0 TBFE projection): ~$113,326 ➡ Confluence at mid-FVG + nPOC Trade Setups 🔴 Short Setup: Entry: $120,300–$121,000 Stop: Above current ATH (~$123,300) Target: $113,500 R:R ≈ 1:2.3 🟢 Long Setup: Entry: Between Prior ATH and $113,000 Stop: Below anchored VWAP (~$110,500) Target: Higher, depending on bounce confirmation. 🧠 Educational Insight: Why Fibs Matter at Market Extremes When markets push into new all-time highs, most classic support/resistance levels disappear — there’s simply no historical price action to lean on. That’s where Fibonacci extensions, channels, and projections become powerful tools. Here’s why: ➡ Fibonacci extensions (like the 1.272, 1.618, 2.0) help estimate where trend exhaustion or profit-taking zones may appear. They are based on the psychology of crowd behavior, as traders anchor expectations to proportional moves from previous swings. ➡ Trend-Based Fib Extensions (TBFE) project potential reversal or continuation zones using not just price levels, but also the symmetry of prior wave moves. ➡ Fibonacci channels align trend angles across multiple market cycles, giving macro context — like how the 2018 low, 2021 ATH, and 2022 low project the current 1.618–1.666 resistance zone. In short: When you don’t have left-hand price history, you lean on right-hand geometry. That’s why the $122K–123K zone wasn’t just random — it’s a convergence of multiple fib levels, cycle projections, and technical structures across timeframes. ⚡ Final Thoughts Bitcoin faces major resistance around $122K–$123K backed by multiple fib and structural levels. A retest of the prior ATH zone (~$112K–$113K) looks probable before the next big directional move. Watch lower timeframe structure for signs of completion in this corrective phase. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
5
BTCUSD Technical Analysis (Smart Money Concepts) BTCUSD Technical Analysis (Smart Money Concepts) Market Structure Overview: Break of Structure (BOS) observed multiple times confirms a strong bearish trend. Change of Character (CHoCH) around 30th July indicated initial shift from bullish to bearish intent. Price has been forming lower highs and lower lows, respecting the bearish structure. Key Zones: 🔴 Previous Resistance Zone (119,000 - 120,500) Strong supply area from where price sharply reversed. Also aligned with a Strong High marked at ~$120,000 – key for any future bullish invalidation. 🟫 Current Target Zone – 116,000 Acts as an immediate imbalance fill/FVG retracement zone. Target highlighted as potential retracement point before continuing lower. 🟦 Liquidity / Fair Value Gap (FVG) Zone Located between ~115,800 and 114,500. Price may aim to revisit this zone on pullback, filling inefficiencies. 🟩 Support Zone (~113,000) Price currently reacting near this zone. This area has acted as a demand zone in the past and is expected to provide short-term support. Volume Profile & Order Flow: Visible Range Volume Profile shows heavy activity near the resistance cluster, indicating strong distribution by institutional players. Low volume in the FVG area further confirms inefficiency and potential for a retracement move. Smart Money Perspective: The current structure reflects distribution at highs, followed by markdown phase. Price swept liquidity below local lows and may now seek to mitigate previous supply or FVG around 116,000 before resuming bearish trend. 📌 Conclusion: Bias: Bearish until 116K is tested and rejected. Next Move Expectation: Possible liquidity sweep → bounce to 116K → short continuation. Invalidation Level: Break and close above 117K would signal strength returning. ✅ Educational Note: This is a classic Smart Money trap setup — liquidity grab near lows, fakeout pump to FVG, and potential short continuation. Traders should be cautious of fake rallies into known supply zones.
BITSTAMP:BTCUSDLong
by Mentor_Michael03
1
Impact of the Non-Farm Payrolls? Latest Analysis.Information Summary: Most traders are turning their attention to the crucial US labor market report, which is being closely watched as the market actively searches for new clues regarding the timing of the next interest rate cut this year. The July non-farm payrolls report will be released at 8:30 AM US time. US non-farm payrolls increased by 110,000 in July, seasonally adjusted, lower than the 147,000 increase in June. The US unemployment rate is expected to rise from 4.1% to 4.2% in July. If the non-farm payrolls figure falls below 100,000 and the unemployment rate rises, it could signal a weakening job market, undermining the Fed's rekindled hawkish outlook and dampening the dollar's upward momentum. In this scenario, gold prices could re-cross the 3,400 mark. However, if the non-farm payrolls unexpectedly exceed 150,000, it could support the dollar's continued rise and hurt gold. Strong US employment data could rule out two rate cuts from the Fed this year. Market Analysis: Quaid believes that the current moving average crossover is trending downward, and downward momentum is still in play. The RSI remains at 42.7, hovering below the midline, indicating that gold's downward trend remains intact. The 20-day moving average fell below the 50-day moving average on Wednesday, confirming the bearish momentum. Therefore, if gold closes below the key support level of the 100-day moving average at $3,270 on a weekly basis, a new downtrend could begin, potentially leading to a drop towards the June 30 low of $3,248. Quaid believes that the current bull-bear watershed needs to focus on around 3315, which is the previous intensive trading area and is also the first resistance position for short-term upward movement. On the last trading day of Super Data Week, Quaid hopes that everyone has gained something and has a happy weekend; I wish you all good luck.
FX:XAUUSD
by quaid_2
1
USDJPY 30Min Engaged (Buy & Sell Reversal Entry's Detected )Time Frame: 30-Minute Warfare Entry Protocol: Only after volume-verified breakout 🩸Bullish Reversal - 148.750 🩸Bearish Reversal - 150.100 ➗ Hanzo Protocol: Volume-Tiered Entry Authority ➕ Zone Activated: Dynamic market pressure detected. The level isn’t just price — it’s a memory of where they moved size. Volume is rising beneath the surface — not noise, but preparation. 🔥 Tactical Note: We wait for the energy signature — when volume betrays intention. The trap gets set. The weak follow. We execute.
by Path_Of_Hanzo
6
ETH Targets $8000 with 4-Year Symmetrical Triangle BreakoutIf you are seeking realistic ETH price targets based upon solid long-term market structure, check out this 4-year symmetrical triangle forming on the ETH/USD monthly chart. ETH is coiling for a major move to $8000, yet none of the CT "influencers" I follow are talking about this. I am new to technical analysis, so I am interested in learning your thoughts about this pattern and which tools or indicators you prefer for setting price discovery targets. For those of you new to technical analysis, symmetrical triangle patterns can form on long timeframes (weeks, months, or years), indicating indecision between bulls and bears as price compresses within a continually narrowing range. A breakout from a symmetrical triangle typically follows the direction that preceded their formation, and the longer the consolidation period, the stronger the move. The chart shows a strong euphoric phase in 2021 followed by a bear market low. Subsequent failure to reach previous ATHs is balanced by a pattern of higher lows. Since ETH was in an uptrend prior to triangle formation, odds are this is a continuation pattern, especially given profound shifts in capital flows and sentiment for the asset over the last several weeks. With trendlines set at the price extremes, the height of the triangle is roughly $3980. If a breakout occurs at a price of $3960, ETH will target a price of $7940 (height of triangle + breakout price). A more conservative price target of $7000 is obtained by resetting the trendlines at the monthly opening and closing prices (omitting the wicks). Regardless of the specific method for drawing the triangle, ETH is primed for a major move to the upside that has been four years in the making.
Long
by DeadCat25
3
Momentum Continuation after Structural BreakdownHey Candle Fam, We’re eyeing a clean short setup on SOL after structure broke down and buyers failed to hold key levels. Time to fade the bounce and let the market do the work. 🔥 SOLUSDT.P TRADE IDEA 🔥 Bias: Short Strategy: Momentum Continuation after Structural Breakdown Entry: 169.50 – 171.80 Stop Loss: 174.60 Take Profits: ▫️ TP1: 165.10 ▫️ TP2: 161.30 ▫️ TP3: 158.00 (extension target) ⸻ 📊 Rationale: – HTF structure: Sharp retracement from $215 top, lower highs forming – LTF structure: Breakdown confirmed, no bullish CHoCH present – Liquidity targeting: Clean sweep zones below $165 and $160 – Order flow: Sell-side delta dominance, funding positive = longs could unwind – Volume profile: Imbalance between $172–175 now acting as rejection zone 🎯 Idea: Look for a minor pullback to $170–172, then ride downside liquidity flush. Protect profits fast if market spikes unexpectedly. ⸻ 🧠 Stay sharp. Trade smart. Let the market come to us. Candle Craft | Signal. Structure. Execution.
Long
by candle_crafts
1