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Fibonacci

GOLD - Consolidation after the rally before the rally...FX:XAUUSD started the week with growth, hitting a new all-time high amid geopolitical risks and threats of new tariffs from the US, and is now consolidating around $4,700... Fundamental situation Trump threatened to impose tariffs on eight European countries over the issue of buying Greenland. Escalating tensions around Ukraine and Iran. Fed: Expectations of policy easing are supporting gold, but the appointment of a new Fed chair could slow down aggressive rate cuts. The investigation into Powell continues... This week, PCE inflation data (Thursday) and US GDP for the third quarter are important. Gold's rise since the beginning of the year has been independent of the strengthening dollar, underscoring the strength of internal drivers. However, a confident breakout to $5,000 will require confirmation of lower inflation in the US and continued high demand for safe-haven assets. Corrections may be profitable against the backdrop of an aggressive bullish trend... Resistance levels: 4678, 4691, 4700 Support levels: 4656, 4650, 4640 Within the current range, I focus on the zones 4656 - 4650 - 4639. There is a high probability of a long squeeze/false breakout of support. However, I do not rule out the possibility of a local correction due to the holiday in the US (low liquidity, profit-taking may trigger a correction) before growth. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
30
CCL - Proceed with CautionAt the end of August 2025, CCL completed its upward move. Until the end of November, it formed a corrective wave A . Current Situation: Since late November, a full five-wave impulsive move upward has developed. If the first wave is correctly identified, a fast correction is likely next - around 50% of the move, targeting 28 . As this is wave B , after the correction, the upward move could continue toward 33 or slightly higher. --- Please subscribe and leave a comment. You’ll get new information faster than anyone else. ---
NYSE:CCLShort
by NotBoringTrading
GBP/USD targets 1.35 after mixed UK jobs! Break or reversal?Today, we are doing a dive into GBP/USD following a mixed UK jobs report that has left traders scratching their heads. While unemployment has spiked to a 4-year high, sticky wage growth and new tariff threats from President Trump are keeping the pound bid. Is a breakout to 1.35 imminent, or is the labour market crack a warning sign? We analyse the conflicting signals from the UK economy: unemployment rose to 5.1% in December (highest since 2021), yet wage growth held firm at 4.7%, keeping the BOE cautious on rate cuts. We overlay this with the "Greenland Tariff" threat weakening the US dollar and map out the technical path to 1.3568. ​ Key topics: UK Jobs data: A breakdown of the December report—unemployment up to 5.1%, 43k job losses, yet sticky wages (4.7%) are preventing a dovish pivot from the BoE. Trump tariff threat: How President Trump’s weekend threat to impose 10% tariffs on 8 EU nations (including the UK) over the Greenland dispute is pressuring the dollar and supporting cable. ​Technical setup : Bullish flag breakout: GBP/USD has reclaimed the 1.3400 handle and is holding above the 50% Fibonacci retracement. Golden pocket: Currently testing the 1.3481 "golden pocket." A break here targets the 1.3568 cycle high. Extension target: The 100% Fib extension points to 1.3500 as the immediate hurdle, with 1.3539 and 1.3562 above that. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information. Are you speculating on a 1.35 breakout or fading the weak labour data? Let us know in the comments!
Long
by ThinkMarkets
Internet Computer ICP price analysisInternet Computer CRYPTOCAP:ICP is showing relative strength during the current market correction. On the OKX:ICPUSDT chart, increased trading volumes stand out, suggesting active participation despite broader market weakness. While CRYPTOCAP:BTC is retracing, CRYPTOCAP:ICP price action remains comparatively stable. Potential scenarios: Confirmation setup A sustained breakout and consolidation above $4.75 would validate bullish continuation, opening a potential upside range of approximately +80%. Speculative accumulation Entries between current levels and $3.50 offer a higher-risk opportunity with a broader upside of +145–150%. Invalidation: A breakdown below $3.00–3.20 would indicate fading market maker support and reduced upside probability. Overall, CRYPTOCAP:ICP remains technically interesting as long as it holds above key support zones. 👉 Which scenario do you find more realistic for CRYPTOCAP:ICP over the coming weeks? ______________ ◆ Follow us ❤️ for daily crypto insights & updates! 🚀 Don’t miss out on important market moves 🧠 DYOR | This is not financial advice, just thinking out loud
by P_S_trade
EURUSD – 1-Hour Timeframe - Tradertilki AnalysisGood Morning Traders, I have prepared an EURUSD analysis for you on the 1-hour timeframe. My friends, EURUSD is currently at the 1.16350 level. From here, I will open a buy position. My targets: 1st Target: 1.16528 2nd Target: 1.16988 My friends, I share these analyses thanks to each like I receive from you. Your likes increase my motivation and encourage me to support you in this way.🙏 Thank you to all my friends who support me with their likes.❤️
Long
by TraderTilki
RUPIAH UNDER PRESSURE, UPSIDE TARGETS IN SIGHTUSD/IDR continues to trade in a steady bullish structure, holding firmly above the key support at 16,052. As long as this level remains intact, the upside bias stays valid, with the first target at 17,430 followed by the extended target near 17,830. In the midst of ongoing global uncertainty, demand for the U.S. dollar remains resilient, keeping pressure on the Rupiah. Pullbacks toward the trendline are viewed as healthy consolidations rather than a reversal signal.
Long
by sherrynjoto
GBPUSD – Major Event Risk on the HorizonIt’s hard to deny there is a lot going on right now in financial markets, however in terms of the world of G7 FX the macro-outlook has been decidedly mixed with conflicting drivers working against each other to keep GBPUSD in a relatively tight range between 1.3350 and 1.3550. After a brief initial push to the topside at 1.3568 (January 6th) in the first few trading days of 2026, a resurgence of the US dollar towards the back end of last week, supported by resilient US data, led GBPUSD to probe the bottom end of its range, culminating in a gap open in Asia yesterday to register a low of 1.3339. That move was again short lived, with traders preferring to sell US dollars again in response to President Trump’s weekend threat to impose new trade tariffs on imports of any European countries, including the UK, opposing his plans to buy Greenland. The basis being that retaliatory tariff moves from the EU/UK could weaken the US economy. Now, looking forward, event risk could be higher than usual, with numerous events scheduled for tomorrow (January 21st) that could spark a much more volatile reaction in GBPUSD. The first is the next UK CPI release at 0700 GMT. A lower than expected reading could renew hopes for the Bank of England to speed up their current pace of interest rate cuts to support a weak economy, a move which could weigh on GBP. However, a higher reading could mean the opposite. Then, later in the day President Trump is due to speak from the World Economic Forum in Davos, Switzerland. It is anticipated that he will initially concentrate on laying out his latest plans for easing cost of living issues for US households, but he may find it hard not to comment on the escalating trade tensions with European allies, provide further insight into who will be the new Fed Chair, Kevin Hassett or Kevin Walsh, as well as discuss the current political challenges his administration are making to the independence of the Federal Reserve, all of which could impact the US dollar side of the GBPUSD currency pair. Importantly, on Wednesday evening, the US Supreme Court is expected to provide their guidance on the legality of President Trump’s authority to sack Federal Reserve Governor Cook. The outcome of this hearing could have a significant impact on FX markets, especially if the top US court are seen to be siding with the President. With so much to consider, there is the possibility that the relative calm of FX markets, and GBPUSD in particular, seen at the start 2026 could be shattered, so being prepared to react to wider directional moves could be beneficial. Technical Update: Correction Themes Ending? Within Technical Analysis, and especially when using Fibonacci retracements, it’s generally accepted that a correction in an uptrend, or a recovery in a downtrend, can retrace at least 38.2% of the prior move. In an uptrend, this means a pullback in price can find its first support around the 38.2% retracement of the preceding advance. The daily GBPUSD chart above shows that after the strong advance from the November 4th low to the January 6th high, price weakness has emerged as a natural reaction to over‑extended upside conditions. Last weeks and initially yesterday’s decline tested 1.3363, which aligns with the 38.2% Fibonacci retracement of that prior move, and this level held on a closing basis which helped see a bounce in price to current levels around 1.3435 (0645 GMT). Traders may now be questioning whether the sell‑off from the January 6th high has completed its corrective phase, creating possibilities for fresh attempts to rebuild price strength. If so, identifying and monitoring this week’s important support and resistance zones could be pivotal, as their ability to hold or trigger reversals may heavily influence the next directional bias. Possible Support Levels: After testing and holding the first retracement level at 1.3363 on a closing basis, this now appears to be the initial support for GBPUSD. While this level holds on a closing basis, scope remains for renewed attempts to rebuild the uptrend. However, if the 38.2% retracement support at 1.3363 fails to hold on a closing basis, downside risks may increase. In Fibonacci terms, a break below 1.3363 could shift the support focus toward the 50% retracement at 1.3300, potentially even the 61.8% level at 1.3237. Potential Resistance Levels: While 1.3363 holds on a closing basis, the bias could still be toward further attempts at uptrend development. However, renewed strength may require closing breaks above resistance levels to suggest upside momentum. The Bollinger mid‑average at 1.3459 could be the next level to monitor. Closing breaks above the mid‑average at 1.3459, could encourage traders to look for further attempts to push toward higher levels. As the chart above highlights, the next resistance may then be marked by 1.3495, which is the January 13th high, possibly even 1.3568, which is the January 6th high. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
1
Gold Hits $4,630 ATH Key Demand Zones in FocusGold continues its strong bullish channel run, recently hitting fresh highs near $4,630 with price hitting weekly resistance and expecting a correction towards immediate demand zone before further continuation towards the projected sell off zone. Zone to watch are: 1. Immediate Demand Zone: Current pullback area – holding here keeps bulls in control. 2. Primary Demand Area: Major support if deeper correction. 3. Base Support Zone: Critical lower boundary for the channel. Bullish bias intact as long as price respects the rising channel and holds above immediate or primary demand. Breakout above sell-off zone could target higher extensions. Bearish risk: Failure at demand opens deeper retrace toward base support. Watching for reaction at current levels amid record highs and safe haven flows.
OANDA:XAUUSD
by weslad
USDJPY - The correction may be over. Bullish trend The Japanese yen continues to weaken amid a strong dollar and due to the actions of the Bank of Japan. The currency pair may continue its bullish trend... The global trend is upward. As part of the correction, the currency pair is testing support at 157.76 and forming a long squeeze. The reaction from the bulls is aggressive, and a breakout of the wedge resistance will provide an opportunity for growth. The dollar is in an upward trend (locally), and this maneuver is supporting the currency pair against the backdrop of a globally weak Japanese yen. Resistance levels: 158.185, 158.855 Support levels: 157.76, 157.38 If the bulls keep the price above the 157.76-158.0 zone, the market will have good potential and strong support to continue growing towards 158.8-159.5. Best regards, R. Linda!
Long
by RLinda
6
GOLD - A long squeeze of support could trigger growthFX:XAUUSD continues to consolidate, Friday's long squeeze (false breakdown) of support provides an opportunity for growth amid geopolitical issues... The dollar is strengthening against the backdrop of Thursday's economic data and Trump's geopolitical actions, but against this backdrop, gold is behaving quite cautiously and looks quite strong. Trump said that tariffs on eight European countries could rise to 25% if Greenland is not sold to the US - more tariffs and an escalation of the trade war could lead to a strong market reaction. In the new trading week, we are awaiting Trump's speech (high volatility possible), US GDP, Core PCE, and PMI. The data may set the medium-term tone for the market... Resistance levels: 4593, 4621, 4639 Support levels: 4581, 4561, 4550 The long squeeze has shifted the market imbalance towards buyers. Locally, we are seeing consolidation in the 4581-4593 zone. A close above 4593 or a retest of 4581 could trigger further growth within the current trend Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
49
NQ Power Range Report with FIB Ext - 1/20/2026 SessionCME_MINI:NQH2026 - PR High: 25405.00 - PR Low: 25367.25 - NZ Spread: 84.25 No key scheduled economic events High volume open following holiday weekend - Weekend gap down ~1.0% remains open Session Open Stats (As of 12:55 AM) - Session Open ATR: 356.37 - Volume: 201K - Open Int: 269K - Trend Grade: Long - From BA ATH: -3.8% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 26521 - Mid: 25264 - Short: 24008 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQH2026Long
by mv3trader5
GMR Power — Extended Wave-3, Contracting Wave-4… Resolution📉 GMR Power & Urban Infra — Weekly Context and Daily Wave-4 / Wave-5 Structure (Elliott Study) This publication presents an educational Elliott Wave structure study 📚 using the Weekly timeframe for the overall market context and the Daily timeframe to analyse the ongoing Wave-4 correction , its probable termination area, and the conditional Wave-5 projection . On the Weekly chart , GMR Power shows a clear impulsive advance from the 2023 base into the ₹169.25 region , labelled as Wave-(3) . Fibonacci extension analysis shows that this move exceeded the 3.618 extension and approached the 4.0 level , confirming that Wave-3 is the extended wave . After this peak, price behaviour shifted from strong trending action to overlapping and corrective movement , signalling the development of Wave-(4) . On the Daily chart , Wave-(4) is unfolding as a contracting triangle (A–B–C–D–E) 🔺. Each leg is corrective and overlapping, volatility has contracted, and momentum has faded. This behaviour is typical of a Wave-4 triangle following an extended Wave-3 , where the market corrects more through time than price ⏳. From a structural and Fibonacci perspective 📐, the Wave-E termination zone is identified between approximately ₹85–95 . This region aligns with the 0.618–0.786 retracement band of the prior advance. In Elliott Wave studies, Wave-E of a triangle often resolves quietly and may not show a dramatic breakdown, which matches the current behaviour. Because Wave-3 is extended , Elliott alternation principles suggest that Wave-5 is more likely to be contracted rather than extended . Therefore, Wave-5 expectations are best framed using triangle thrust measurement and reduced Fibonacci relationships to Wave-1 , rather than equality or extension relative to Wave-3. Using these methods, the primary Wave-5 reference zone lies in the ₹120–140 region . A move toward the ₹160–170 area would be considered a lower-probability stretch scenario and would require clear impulsive behaviour and momentum expansion. A truncated Wave-5 remains possible but is not the base expectation. This study focuses on structure, probability, and wave behaviour 🧠 rather than prediction. Discussion of Wave-5 becomes relevant only after the triangle completes and price clearly transitions from corrective overlap to impulsive movement . This publication is shared strictly for educational and analytical discussion 📚⚠️ and does not constitute investment advice.
NSE:GMRP&UILong
by MendiUser
1