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Wave Analysis

AUDUSD BUYThe AUD/USD pair is trading around 0.6520 on Tuesday. The daily chart’s technical analysis indicates a prevailing bullish bias as the pair remains within the ascending channel pattern. However, the 14-day Relative Strength Index (RSI) has moved below the 50 mark, indicating that a bearish bias is active. Additionally, the pair is positioned below the nine-day Exponential Moving Average (EMA), indicating that short-term price momentum is weaker. The US and EU reached a framework trade agreement on Sunday that sets 15% tariffs on most European goods, taking effect on August 1. This deal has ended a months-long stand-off, per Bloomberg. Traders keep their eyes on further developments in the US-China trade talks. The discussions are set to resume on Tuesday after top economic officials from both nations held over five hours of negotiations in Stockholm on Monday. The purpose of this meeting is to resolve ongoing disputes and extend their trade truce by another three months. US Treasury Chief Scott Bessent met with China’s Vice Premier He Lifeng at Sweden’s Rosenbad government offices. The meeting comes ahead of an August 12 deadline to finalize a long-term tariff agreement with the Trump administration, building on preliminary deals reached in May and June that had helped ease tensions. The US Federal Reserve (Fed) is widely expected to keep the benchmark interest rate steady between 4.25% and 4.50% at its July meeting. The FOMC press conference will be observed for any signs that rate cuts may start in September. The Reserve Bank of Australia (RBA) is expected to closely watch the June labor force data and second-quarter inflation figures before deciding on a potential rate cut. Both the monthly and quarterly CPI reports are scheduled for release later this week. SUPPORT 0.65593 SUPPORT 0.65424 SUPPORT 0.65593 RESISTSNCE 0.65050 RESISTANCE 0.64973
Short
by Mark804
1
EUR/USD: Is the Next Big Correction Already Underway?EUR/USD: After 120 Days Up, Are We Entering a Year-Long Correction? What Market Cycles Reveal. As EUR/USD traders digest the stunning 120-day, five-wave rally from the January 2025 lows to the July 2025 highs, the big question now is—what's next? The clues are right in front of us, and they suggest we may be headed into an extended corrective phase, one that could last until the very start of 2026. What the Current Structure Shows Motive Wave Complete: The impulsive surge just wrapped up a textbook five-wave move, with each leg unfolding cleanly and culminating in a July top. Motive waves like this are the engines of market trends—fast-moving, decisive, and packed with momentum. Corrective Phase Incoming: But all trends eventually pause, and here the evidence points to a shift. Corrective waves—unlike their trending counterparts—are time-consuming, choppy, and have a tendency to frustrate impatient traders. The completed motive wave took just 120 days, but corrections often take much longer to play out. According to this chart, the probable timeline for this correction extends into December 2025, or possibly beyond. Why the Count Is Labelled This Way Wave Duration Clue: One of the most reliable Elliott Wave principles is that corrective phases outlast the sharp, high-energy motive moves that precede them. With the motive wave spanning four months, a comparable correction stretching into late 2025 makes perfect structural sense. Cycle Awareness, Major Turning Points, and MACD Divergence: Flip to the weekly turning points chart, and a deeper pattern emerges: Major EUR/USD direction changes consistently cluster around the start of a new year, with minor tops and bottoms often forming near mid-year. Over the last eight years, six out of seven major pivots have landed at those cycle pivots. Notably, if you look at the weekly chart’s MACD, there’s now a clear bearish divergence—while price clocked new highs into July, the MACD failed to confirm, rolling over and diverging lower. This kind of momentum divergence at a major turning point is classic for trend exhaustion and aligns perfectly with the idea that a correction is not only likely, but perhaps overdue. This powerful confluence—timing, price structure, and momentum—underscores just how much “cycle” and structure awareness can add to your trading playbook. What to Watch Next (Trade Planning) Timing the Correction: If the correction follows historical precedent, expect sideways or choppy price action well into Q4 2025, with the next big directional opportunity around the calendar turn into 2026. Cycle-Based Strategies: Recognising these cycles lets you prepare for reversals, especially if price is diverging from the MACD at those major timing windows. Structure > Prediction: The motive phase is where you ride the trend; cycles, structure, and momentum help you avoid exhaustion traps and see when patience is required.
Short
by TheSignalService
XAUUSD: Market Analysis and Strategy for July 29Gold Technical Analysis: Daily chart resistance: 3345, support: 3285 4-hour chart resistance: 3340, support: 3300 1-hour chart resistance: 3330, support: 3308. After last week's sharp decline, gold continued its decline yesterday, breaking below its opening low and continuing its downward trend, reaching a low near 3300. In the short term, selling pressure is strong, but the rebound is weak, with a rebound high of 3330. In terms of intraday trading, yesterday's low of 3301 was followed by a rebound. Focus on the resistance range of 3330-3338. Selling is recommended if the price is trading sideways between 3330-3338, with a defense of 3340. If it falls below 3300, the next target will be 3285. Sell: 3338 Buy: 3302 Sell: 3300
OANDA:XAUUSDShort
by ActuaryJ
Euro Drops Hard — Is a 100-Pips Slide Toward 1.1500 Next?Euro’s current situation doesn’t look great — we’re clearly seeing strong selling pressure across the board. Price has now reached the block zones near 1.1600, and I want to break down what this area means to me. The lower pivot of the 1.1600 zone was created after the 50% level of the previous bullish leg was consumed — which is typical in many bullish trends. Based on that, we expected a move toward 1.1800 to break the structure and continue the uptrend. However, the recent bullish move lacked strength, which became quite clear during the last upward leg. And now, after that weak rally, we’re witnessing a sharp and aggressive selloff. This reaction weakens the 1.1600 block in my eyes — and I’m now watching 1.1500 as the more probable target. It’s a major price level and also aligns with a bank-level midline zone. In my view, it’s still too early to buy. I’d want to see price range and confirm before looking for longs. That said, this area could be a good place to partially exit short positions and lock in some profits. 🔁 This analysis will be updated whenever necessary. Disclaimer: This is not financial advice. Just my personal opinion!!!
by Mehrasfx
NZDUSD Short SwingOANDA:NZDUSD Short Swing Trade, with my back testing of this strategy, it hits multiple possible take profits, manage your position accordingly. This is good trade, don't overload your risk like greedy, be disciplined trader. I manage trade on daily basis. this is good trade, lets see, don't be greedy, risk what you can afford. Use proper risk management Looks like good trade. Lets monitor. Use proper risk management. Disclaimer: only idea, not advice
Short
by MuhammadTrades
BIO/USDT Trade Idea – Downtrend Exhaustion, Key Flip Zone BIO/USDT is showing signs of trend exhaustion after a prolonged downtrend, with price structure tightening and buyers stepping in aggressively. The chart suggests the worst may be behind, as bullish momentum builds at the base of the structure. The pair is now approaching the critical flip zone at $0.075, a level that acted as key support-turned-resistance. A clean breakout and hold above this zone would confirm a major shift in trend—potentially triggering a parabolic move as sidelined capital re-enters.
Long
by Captain-MAO
SILVER Will Grow! Buy! Please, check our technical outlook for SILVER. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 3,817.6. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 3,930.1 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:XAGUSDLong
by SignalProvider
1
EURNZD Will Go Down From Resistance! Short! Here is our detailed technical review for EURNZD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.941. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.927 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
CYBER/USDT – Re-Accumulation Near CompletionCYBER/USDT is nearing the end of a clear re-accumulation phase, marked by steady consolidation and higher low formations. The structure suggests that smart money has been loading in, preparing for the next major leg upward. Price action is tightening, and momentum is shifting—indicating a potential breakout from the range. Given the current setup and market context, there is high potential for a move that could double from current levels, especially if volume confirms the breakout.
Long
by Captain-MAO
AUDJPY Will Go Lower! Sell! Take a look at our analysis for AUDJPY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 96.734. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 96.102 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPCAD Will Go Down! Short! Please, check our technical outlook for GBPCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.833. The above observations make me that the market will inevitably achieve 1.813 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
BTC Trade Plan: Watching for Break and Retest Above Daily Range🟠 Bitcoin (BTC) is currently trading range-bound on the daily timeframe ⏳📉📈. I’m monitoring price action for a bullish break and retest 🔓🔁 of the current range to confirm a potential long entry 🎯. 📍 Key levels are already marked on the chart 🗺️— 🛑 Stop-loss would sit just below the previous swing low, 🎯 Target aligns with the higher price zone marked out to the left of the chart 🔼👈. This is a classic range breakout setup—patience and precision are key. 🧠 As always, this is not financial advice.
Long
by fxtraderanthony