Gold/USD Bullish Breakout Toward Target Zone Gold/USD Bullish Breakout Analysis 🚀🟢
The chart illustrates a strong bullish breakout from a consolidation zone, signaling upward momentum:
🔍 Key Technical Observations:
Support Zone: The price respected the support area around 3,325 – 3,330 USD, forming a solid base for reversal.
Bullish Structure: Series of higher lows and higher highs indicate a bullish trend formation.
Breakout Confirmation: Price broke above short-term resistance with a strong bullish candle, indicating buying pressure.
Trendline Support: The ascending trendline has held well, confirming trend continuation.
Target Point 🎯: Projected target is near 3,365 USD, which aligns with a previous resistance and Fibonacci confluence zone.
✅ Conclusion:
The breakout above resistance, supported by a bullish structure and momentum, suggests further upside potential toward the 3,365 USD target zone. As long as price holds above the breakout level, bullish bias remains valid.
🛑 Watch for invalidation if price falls back
Foryourpage
Tesla Bullish Breakout Setup: Entry at $295.54 Targeting $488.87Entry Point (Buy Zone): Around $295.54
Stop Loss: Between $272.94 – $295.54 (lower purple support zone)
Target (TP): $488.87
Current Price: $315.33 (as of the latest candle)
📈 Strategy Summary:
Setup Type: Long (Buy)
Risk-Reward Setup:
Reward: ~$193.33 per share (from $295.54 to $488.87)
Risk: ~$22.60 per share (from $295.54 to $272.94)
Reward:Risk Ratio ≈ 8.6:1 — a high potential payoff if the trade works out.
📊 Technical Context:
Support Zone: Price recently bounced off the support region (marked in purple).
Moving Averages:
Red Line (Short-Term MA): Price just crossed back above.
Blue Line (Long-Term MA): Price reclaimed this level — bullish signal.
Price Action: After a corrective phase, a possible reversal is forming at support, confirming bullish interest.
✅ Bullish Signals:
Bounce from support zone with a strong bullish candle.
Price closing above the 200-day MA (bullish trend resumption).
High reward-to-risk trade setup with clear stop loss.
⚠️ Considerations:
Confirmation with volume or a second bullish candle would add confidence.
Watch for earnings or macro events that could disrupt the trend.
Tight stop is essential to avoid drawdowns if the setup fails.
🔚 Conclusion
This is a well-structured long setup with a high potential reward. If price maintains above the entry zone and breaks recent highs, a push toward the $488.87 target is plausible.
USD/JPY) Back support level Read The captionSMC trading point update
Technical analysis of USD/JPY pair using a combination of price action, resistance/support levels, and indicators. Here's a breakdown of the idea behind the analysis:
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Chart Breakdown (2H - USD/JPY)
1. Key Zones:
Resistance Level (Yellow Box at Top):
Price has previously been rejected from this zone multiple times.
Recent bearish wicks and aggressive sell-offs are marked by red arrows—showing strong seller interest.
Support Level / Target Point (Bottom Yellow Box):
Price has found strong buying interest around 142.142.
This zone is the anticipated downside target if the bearish scenario plays out.
2. Bearish Bias Justification:
Liquidity Grab / Fakeout (labeled “fug”):
The price briefly broke above the smaller resistance block but quickly reversed.
This "fake breakout" often traps buyers, strengthening the bearish case.
EMA 200 (Blue Line):
Price is currently near or slightly under the 200 EMA (144.553), suggesting a potential rejection area aligning with resistance.
RSI Indicator:
RSI shows divergence and has not confirmed a bullish breakout.
The values (56.77 and 42.82) indicate loss of bullish momentum.
3. Projection (Black Lines):
The black zig-zag lines represent a forecasted drop to the support level.
Suggests a short setup near 144.50–145.00 with targets near 142.14.
Mr SMC Trading point
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Summary:
Bias: Bearish
Entry Zone: Near resistance area (144.50–145.00)
Target: 142.142 (support zone)
Invalidation: Strong break above 145.00 and hold
Confirmation: Rejection from resistance with bearish candle pattern
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XAU/USD) bearish reversal analysis Read The captionTechnical analysis of (XAU/USD) based on price action and technical indicators on the 15-minute timeframe. Here's a
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Key Technical Insights:
1. Resistance Level (Highlighted Yellow Zone):
Price is approaching a strong resistance zone (previous rejection marked by red arrows).
This area has historically pushed price downward.
2. Trendline Support (Rising Black Line):
Price has been following a short-term ascending trendline, forming higher lows.
A break below this trendline signals potential bearish reversal.
3. EMA 200 (Blue Line):
Price is currently above the EMA 200, indicating short-term bullish momentum.
However, price is testing resistance — a rejection could flip momentum bearish.
4. Bearish Rejection & Projection:
The chart shows an anticipated rejection from resistance, followed by a break of trendline support.
Target zone is marked near 3,228.098, indicating a drop of ~94 points from the current level.
5. RSI (Relative Strength Index):
RSI is nearing overbought territory (68.79).
A bearish divergence or RSI crossing down may confirm weakening momentum.
Mr SMC Trading point
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Conclusion / Trading Idea:
Bias: Bearish
Entry Zone: Near the resistance level (~3,322)
Confirmation: Break of trendline support
Target: 3,228
Stop-Loss: Above resistance zone (just over the upper trendline)
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XRP/USD – Bearish Rejection from Resistance Zone Targets 2.0686XRP/USD Bearish Reversal Setup – H1 Chart 🕐
Analysis:
Entry Point: Price entered a short zone near 2.21828, which aligns with a previous resistance zone.
Bearish Rejection: The price formed a rejection wick and bearish candle at the resistance, signaling a potential reversal.
EMA Confluence: The price is testing below the red 50 EMA, and the 200 EMA (blue) is acting as dynamic support.
Support Zone Retest: The recent price pullback suggests a possible retest of the small support zone around 2.19106.
Target: The projected downside target is 2.06869, aligned with the prior demand zone.
Stop Loss: Positioned above resistance at 2.21828, just outside the upper rejection area.
📌 Summary:
Trend Bias: Bearish
Entry: Around 2.21828
Target: 2.06869 (≈ -6.67%)
Stop Loss: Above 2.21828
XAU/USD) bearish Trand analysis Read The captionSMC trading point update
Technical analysis of (XAU/USD) on a short-term timeframe, incorporating several key tools and concepts:
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Overview of the Analysis
Price Level (Current): Around $3,273.40
EMA 200 (Blue Line): Around $3,337.95 (signaling broader trend)
Resistance Zone (Yellow Box): Between approximately $3,300–$3,320
Support/Target Zone: Around $3,231.11
RSI (Relative Strength Index): At 32.88, which is near oversold territory (below 30)
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Interpretation of Chart Structure
1. Descending Channel:
Price is moving within a downward-sloping channel.
Suggests a bearish trend is in play.
2. Resistance Level (Yellow Box):
Price is expected to retest this area and face resistance.
Confluence of a supply zone and upper trendline, reinforcing its strength.
3. Projected Price Action:
Price may climb back up into the resistance zone.
A rejection is anticipated, leading to another leg down.
The target is around $3,231.11, which matches previous measured moves.
4. Measured Moves (Blue Arrows):
Highlights historical price drops of ~79 points.
Repeating this pattern suggests symmetry and continuation.
5. RSI Indicator:
Currently at 32.88: nearing oversold, but not quite.
No clear bullish divergence, so price could drop further.
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Trade Idea Summary
Bias: Bearish
Entry Zone: Near $3,300–$3,320 (resistance)
Target: Around $3,231.11
Invalidation: If price breaks and holds above $3,337–$3,340 (EMA 200 and channel breakout)
Mr SMC Trading point
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Caution/Considerations
Watch for false breakouts above the resistance zone.
Monitor RSI for potential bullish divergence that could invalidate the downside.
Be cautious around the U.S. economic news event icon, which might cause volatility.
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USDCAD Bearish Reversal Trade Setup – 3H Chart Analysis (June 26 Entry Zone: 1.37279 – 1.37554
🔹 Stop Loss: 1.37934
🔹 Target: 1.35278
🔹 Risk-to-Reward (RR): ~1:2.5
🧠 Technical Breakdown
Trend Overview:
Overall trend shows a downtrend from earlier June, followed by a corrective bullish move.
Price failed to sustain above the 200 EMA (blue line), indicating continued bearish pressure.
Trade Line Break:
A steep bullish trendline was broken, signaling a potential trend reversal or deeper pullback.
Bearish Rejection Zone:
The purple zone (1.37279 – 1.37554) acted as resistance.
Price formed a lower high and rejected this zone, confirming selling interest.
Entry Strategy:
Short entry is ideally within or just below the rejection zone.
Aggressive entry already in play at current market price (1.36909) after confirmation.
Target Zone:
Projected towards 1.35278, aligning with previous support and fib retracement zone.
Large purple support zone near the target suggests a potential reversal area.
⚠️ Risk Notes
Be cautious of USD volatility due to upcoming economic events (noted with icons on the chart).
Stop loss above previous swing high minimizes risk of fakeouts.
✅ Summary:
This is a bearish swing setup aiming for a significant drop toward 1.35278. The clean rejection from resistance and trendline break supports a high-probability short opportunity with favorable risk-reward.
XAU/USD) Bullish trand Read The captionSMC trading point update
Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, highlighting a breakout from consolidation supported by key levels and trend structure. Here’s the detailed analysis:
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Technical Breakdown
1. Key Support Zone
Price has formed a strong base around 3,315–3,325, with multiple bullish rejections (green arrows).
This zone has acted as a demand level, reinforcing bullish structure.
2. Ascending Trendline Support
An uptrend line supports higher lows, showing momentum building to the upside.
3. EMA 200
Price is now challenging the 200 EMA (3,353.41) — a key dynamic resistance.
A successful breakout and retest above this EMA will likely fuel continued bullish movement.
4. Breakout & Measured Move Projections
The chart indicates a bullish breakout from a consolidation box (yellow zone).
Measured move targets based on the previous rally:
First target: 3,368.86 (1.17%)
Second target: 3,381.55 (1.75%)
5. RSI Confirmation
RSI (14) is around 57, showing bullish momentum but still below overbought—supporting further upside potential.
Mr SMC Trading point
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Conclusion / Idea Summary
Bias: Bullish
Entry Zone: On pullback into 3,330–3,340 range or breakout retest above EMA 200
Targets:
3,368.86
3,381.55
Invalidation: Sustained close below 3,320 and break of the uptrend line
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USD/JPY) bearish Trand analysis Read The captionSMC trading point update
Technical analysis of USD/JPY on the 3-hour timeframe, highlighting a breakdown from trendline resistance and projecting a move toward a significant downside target.
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Technical Breakdown
1. Trendline Rejection
Price sharply rejected from the descending resistance trendline near 148.00 (red arrow), forming a potential lower high.
This suggests continuation of the broader downtrend structure.
2. Break Below EMA 200
Price has broken below the 200 EMA (144.752), signaling a shift in momentum from bullish to bearish.
EMA is likely to act as dynamic resistance if price attempts a pullback.
3. Bearish Projection
The chart outlines a measured move downward toward the target point at 139.955, implying a drop of over 5.36% (approximately 770 pips).
The projected path shows lower highs and lower lows, confirming bearish structure.
4. RSI Confirmation
RSI (14) is currently at 29.98, indicating oversold conditions, but this often supports strong momentum in trending markets—suggesting a possible continuation lower after minor retracements.
Mr SMC Trading point
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Conclusion / Idea Summary
Bias: Bearish
Entry: After trendline rejection and EMA 200 break (~144.75)
Target: 139.955
Invalidation: Break above 148.00 resistance trendline
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XAU/USD) Bullish reversal analysis Read The captionSMC trading point update
Technical analysis of Gold (XAU/USD) on the 30-minute timeframe, based on technical signals and price action behavior. Here's the breakdown
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Gold Bullish Reversal Setup – Targeting 3,384
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Key Technical Highlights:
1. Support Zone & Price Reaction:
Price has tested a strong horizontal support level (highlighted in yellow).
Multiple bullish rejection wicks indicate buying pressure at this zone.
The green arrows show successful support bounces, hinting at bullish intent.
2. Trendline Analysis:
Price bounced near the lower boundary of the falling wedge/downtrend channel.
An uptrend line convergence supports potential reversal.
A breakout above the short-term descending trendline is indicated.
3. EMA & Target Projection:
EMA 200 at 3,364.33 may act as dynamic resistance, the next short-term hurdle.
Target zone projected at 3,384.04, offering a potential move of +65.67 pts (~1.98%).
4. RSI Indicator:
RSI(14) is oversold (~29.93), signaling a potential reversal.
A bullish crossover may be forming, supporting upward momentum.
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Trading Plan:
Entry Zone: Near current support area around 3,325
Target: 3,384
Stop Loss (Suggested): Below 3,300, under support structure
Risk/Reward: Favorable based on support hold and breakout projection
Mr SMC Trading point
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Conclusion:
This setup suggests a short-term bullish reversal from a key support area, with confirmation likely if price breaks above the descending trendline and clears the 200 EMA.
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USD/JPY Bullish Reversal Trade Setup – Key Support Test at 145.2Entry Point: 145.273 (highlighted in blue)
Stop Loss: ~144.817–145.260 (purple zone)
Target Point (TP): 148.133 (upper resistance zone)
📉 Recent Price Action:
Price peaked near 148.05 before reversing sharply and breaking the trendline.
The market is currently testing the support zone (near the 145.273 entry level).
Moving averages (red = short-term, blue = long-term) show a crossover to the downside, suggesting short-term bearish momentum.
📈 Trade Setup:
Strategy Type: Long (Buy) Setup
Risk/Reward: Favorable, approximately 1:2+
Entry Zone: The current price is close to the entry level at 145.273, making this a timely area to watch for a bounce or confirmation.
⚠️ Risk Factors:
If price breaks below 144.817, the setup becomes invalid.
Short-term momentum is still bearish; confirmation (like a bullish engulfing candle or support hold) is important before entering.
✅ Confirmation Triggers for Entry:
Strong bullish candlestick pattern near entry zone.
RSI or MACD bullish divergence (not shown but useful to check).
Volume spike on bounce from support.
USD/JPY Long Trade Setup – Key Support Rebound Targeting 148.674Entry Point:
Price: 143.373
The chart suggests initiating a long (buy) position at this level, which is just slightly below the current market price.
Stop Loss:
Price: 141.707
Positioned below a strong support zone. This level protects the trade from excessive downside risk if the price breaks down.
Target Point:
Price: 148.674
The target is clearly defined, indicating a potential gain of approximately 5.991 points, or 4.20% from the entry.
🟪 Support/Resistance Zones
The purple boxes indicate demand (support) and supply (resistance) zones.
The lower zone (entry/stop area) shows a historically significant support range that has been tested multiple times (indicated with orange circles).
The upper purple zone marks the take-profit area, which coincides with previous resistance.
📊 Moving Averages
Blue Line: 200 EMA (Exponential Moving Average) – acting as dynamic resistance.
Red Line: 50 EMA – price is currently trading below it, indicating bearish short-term pressure but potential for reversal.
🧠 Trade Idea Summary
Bias: Bullish (long position)
Risk-Reward Ratio: Favorable
Risk: ~1.67 points (from 143.373 to 141.707)
Reward: ~5.3 points (from 143.373 to 148.674)
Approx. R:R = 1:3.17
Validation: The setup relies on the price holding the key support zone and bouncing higher, targeting the next major resistance.
⚠️ Considerations
Monitor for bullish candlestick patterns near the entry zone.
Keep an eye on macroeconomic news (like BoJ or Fed updates) that could cause volatility in USD/JPY.
Confirm momentum shift with RSI or MACD if using indicators.
GOLD XAUUSD 1H Chart Idea"Gold is forming a descending triangle pattern, signaling bearish pressure. Price is testing the lower support zone, and a confirmed breakdown below this level could trigger a strong downside move. Bears are likely to dominate if the support breaks with volume confirmation. Watch closely for a retest of the broken support turning into resistance for possible short entries. Risk management is crucial in this setup."
USD/JPY) Bearish reversal analysis Read The captionSMC trading point update
Technical analysis of USD/JPY 3-hour chart suggests a bearish reversal setup, based on smart money concepts (SMC), resistance rejection, and price action structure. Here's a full breakdown:
Technical Breakdown – USD/JPY
Big Resistance Zone (~145.800–146.300):
Price has tapped into a major resistance zone (yellow box) twice (highlighted with red arrows).
Both rejections indicate strong seller interest.
The latest candle structure shows clear rejection wick, signaling weakness at resistance.
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Bearish Bias Confirmation:
Bearish structure forming after the second rejection.
Break of the rising trendline could accelerate selling pressure.
A measured move projection (-2.58%) aligns the downside target with the support level at ~142.144.
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Support Zone (~141.800–142.400):
Marked as the likely target zone.
Historically acted as a strong bounce area (visible from late May to early June).
Completion of ABC bearish structure aligns here.
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Indicators & Tools:
200 EMA (144.419): Price currently slightly above it — watching for a close below to strengthen bearish view.
RSI (14): Shows signs of bearish divergence and cooling off from overbought (was above 70 previously).
Volume spike during the rejection suggests institutional selling.
Mr SMC Trading point
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Forecast Summary:
Bias: Bearish toward 142.144
Entry Idea: Look for confirmation of breakdown below trendline (~145.00)
Invalidation: Strong bullish close above 146.300 would break this idea.
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XAU/USD) Back Bullish trand Read The captionSMC Trading point update
Technical analysis of Gold (XAU/USD) on the 3-hour timeframe based on a price action setup within a rising channel and a key support zone. Here's a breakdown of the analysis:
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Technical Overview:
Trend Structure:
The price is moving within a rising channel (marked by the black trendlines). Recent touches on both the top and bottom of the channel suggest that it is being respected.
Key Support Zone (Yellow Box):
Price recently tested a strong support zone around $3,338 – $3,350, which aligns with:
Historical price reaction area.
The 200 EMA (blue line).
An uptrend line support.
A bullish reaction (green arrow) confirming demand.
Bear Trap Breakout:
There’s a false breakout below the support followed by a sharp reversal (green arrow), which could indicate a bear trap, often followed by a bullish rally.
Price Projection:
The projected move suggests a bullish rally toward $3,478.89, offering a potential 3.97% gain (~133 points).
The path includes a possible consolidation before a breakout (illustrated by the wavy arrow).
RSI Indicator:
RSI is recovering from the oversold zone (~45), indicating increasing bullish momentum.
Mr SMC Trading point
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Trade Idea Summary:
Bias: Bullish
Entry Zone: Around $3,350–$3,370 (post-retest of support)
Target: $3,478.89
Confirmation: Bullish price action at support, 200 EMA bounce, RSI reversal
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XAU/USD) Back support level Read The captionSMC trading point update
Technical analysis of XAU/USD (Gold Spot vs U.S. Dollar) – 2H Timeframe:
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XAU/USD Bearish Rejection from Resistance – Short-Term Sell Setup
Key Observations:
1. Rejection from Upper Channel & Resistance Zone:
Price was rejected sharply after touching the upper boundary of the ascending channel and the newly established resistance zone (~3400–3420).
A strong bearish candle confirms selling pressure at the top.
2. Support Retest in Progress:
The price is currently descending toward the EMA 200 and the KYY support zone (approximately 3343–3348).
The previous bounce originated from this level, making it a significant retest zone.
3. EMA 200 as Confluence:
The 200 EMA (currently at 3346.92) aligns with the support zone, increasing the likelihood of a bounce or at least temporary pause in bearish momentum.
4. RSI Bearish Signal:
RSI has dropped below 50, confirming a momentum shift toward the downside.
Still above oversold territory, suggesting more downside room.
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Trade Idea:
Bias: Bearish (Short-Term)
Entry Zone: Around 3390–3400 (confirmed rejection area)
Target Zone: 3348 – 3343 (KYY support + EMA 200)
Stop Loss: Above 3425 (just above resistance zone)
Mr SMC Trading point
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Summary:
Gold has faced a clear rejection at a key resistance zone within an ascending channel, and is now targeting the EMA 200 and previous structural support. Short opportunities could be considered toward the 3343–3348 zone, with RSI and price action supporting the move.
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USD/CAD)) Bearish Trand analysis Read The captionSMC trading point update
Technical analysis of USD/CAD on the 3-hour timeframe, using Smart Money Concepts (SMC) and classic technical analysis. Here's a breakdown
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Key Technical Insights:
Overall Trend:
The pair is in a clear downtrend, confirmed by:
Lower highs and lower lows
Price trading below the 200 EMA (currently at 1.37402)
Respect for the downtrend channel
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Resistance Zones:
1. Upper Resistance Zone (~1.38400 – 1.38750):
Strong historical sell area (price sharply reversed here in late May)
2. Mid Resistance Zone (~1.36450 – 1.36750):
Price reacted twice here and dropped.
Aligns with the downtrend line and was recently tested again (red arrow).
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Bearish Projections:
After the latest pullback into the resistance zone, price is expected to:
Reject the zone
Continue following the descending structure
Target marked around 1.35034, which coincides with:
Previous low
Lower boundary of the descending channel
Mr SMC Trading point
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Chart Tools & Features Used:
Trendlines: Clearly marking the downtrend channel
200 EMA: Used as dynamic resistance
Fib-like measured move: Mirrored previous impulse moves (-1.61%) suggesting a symmetric drop
Arrows: Indicating reaction points from resistance
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Conclusion:
Bias: Bearish
Invalidation: Break and hold above 1.36500 would weaken the bearish outlook.
Next Move: Potential sell setups on lower timeframe retests or bearish confirmations within the resistance zone.
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EUR/USD) back to bearish Trand Read The captionSMC trading point update
Technical analysis of EUR/USD pair on the 2-hour timeframe. Here's a breakdown of the idea behind the analysis:
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Trading Idea Summary: EUR/USD Bearish Reversal Setup
1. Rejection at Resistance Zone
Resistance Level (~1.1600): Price has tested this level twice (red arrows) and faced strong rejection, suggesting it’s a firm supply zone.
This double top near resistance signals potential downside pressure.
2. Bearish Market Structure
Price action shows a break in short-term bullish momentum.
Bearish trend arrows and structure indicate expected continuation to the downside.
3. EMA Resistance
The 200 EMA (blue line) at 1.14356 is above the key support zone, acting as dynamic resistance, reinforcing the bearish outlook.
4. Target Levels
First Target: 1.13694 (Key Support Level)
Previous structure zone with strong historical price reaction.
Final Target: 1.12025 (Major Support Zone)
Larger demand area where buyers previously stepped in.
Mr SMC Trading point
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Conclusion
This analysis suggests a potential short setup with confirmations from:
Repeated resistance rejection
Bearish price structure and trend arrows
EMA as added confluence
Clear downside targets: 1.13694, then 1.12025
> Bearish bias remains valid unless price reclaims and closes above the resistance zone (~1.1600).
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Index/US) Bearish trend analysis Read The caption)SMC trading point update
Technical analysis of U.S. Dollar Index (DXY) on the 30-minute timeframe, with the price respecting a clear downtrend and repeatedly rejecting a resistance zone near the 200 EMA.
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Analysis Breakdown
Key Technical Elements:
1. Downtrend Structure:
The price remains within a descending channel.
Multiple lower highs and lower lows signal sustained bearish pressure.
2. Resistance Zone:
Highlighted near 98.490–98.495, aligned with the EMA 200.
Multiple rejections from this level (indicated by red arrows), confirming strong supply.
3. EMA 200 (98.490):
Acts as dynamic resistance.
Price is below it, reinforcing the bearish bias.
4. Projected Move:
Bearish price path targets the 97.189 level (target point).
A measured move of approximately -1.30% is illustrated.
5. RSI (14):
RSI currently at 46.27, below the neutral 50 mark.
This confirms bearish momentum without being oversold, leaving room for further downside.
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Bearish Thesis:
Repeated failure to break above key resistance + downward channel + RSI weakness suggests a continuation to the downside.
Short-term consolidation expected before breakdown continuation.
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Trade Idea Concept:
Entry: Sell on a minor pullback near resistance (~98.300–98.490), or breakdown below the recent minor support.
Target: 97.189 zone.
Stop Loss: Above 98.500 or EMA 200 to invalidate the bearish setup.
Mr SMC Trading point
Risks to Watch:
A break and strong close above 98.500 would invalidate the bearish structure and could initiate a trend reversal.
Economic events (noted by calendar icons) may trigger volatility – ideal to monitor closely around those times.
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USD/JPY) Bearish trend analysis Read The ChaptianSMC trading point update
Technical analysis iUSD/JPY on the 30-minute timeframe, showing a rejection from resistance zones and a potential move toward lower support levels.
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Analysis Breakdown
Technical Components:
1. Resistance Zones:
Primary Resistance: Near 145.500 (upper yellow box), which has previously been rejected multiple times (red arrows).
FVG (Fair Value Gap) Resistance Level: Around 144.400, also acting as strong resistance, especially near the EMA 200.
2. Downtrend Line:
The price is moving below a downward trendline, respecting bearish structure.
Last rejection from both the trendline and FVG zone confirms selling pressure.
3. EMA 200 (144.075):
Price is hovering around this level, showing indecision.
Bearish bias remains unless price breaks and holds above it.
4. Target Zone:
A clearly marked support level around 142.543, shown as the bearish target.
Includes multiple event markers (potential news catalysts or key dates), suggesting added volatility.
5. RSI (14):
Currently near 55.23, with a prior rejection from higher RSI levels.
Bearish divergence not clear, but no overbought conditions.
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Bearish Idea Summary:
Thesis: Rejection from resistance zones + trendline + EMA suggests continuation to downside.
Expecting: Price to either:
Retest the upper resistance zone (around 145.000–145.500) and reject again, or
Break below current levels and continue lower toward 142.543.
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Trade Idea Concept:
Entry Option 1: Sell on confirmed rejection from FVG zone or upper resistance.
Entry Option 2: Sell on break and retest below 144.000.
Target: 142.543 (support zone).
Stop Loss: Above the resistance zone or trendline (e.g., >145.600).
Mr SMC Trading point
Risks to Watch:
Invalidation: Clean break and close above 145.500 would invalidate the bearish setup.
News Impact: Note the icons near the target zone – monitor economic releases around that time.
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XUA/USD) Bullish trand support level Read The captionSMC trading point update
Technical analysis of (XAU/USD) on the 30-minute timeframe, incorporating a support zone and trendline confluence strategy. Here's a breakdown
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Analysis Summary
Key Technical Elements:
1. Uptrend Channel:
Price is trading within a rising channel.
Higher highs and higher lows indicate bullish momentum.
2. Support Zones:
Key Support Level (near 3,400): A horizontal support zone has been marked where price previously bounced (confirmed by green arrows).
Trendline Support: This upward sloping trendline adds confluence to the horizontal support zone.
3. EMA 200 (3,377.96):
Acts as a dynamic support level.
Price is well above the EMA, supporting bullish sentiment.
4. Projected Price Move:
The chart anticipates a dip back to the support area (~3,400), followed by a bullish bounce.
Target is clearly defined at 3,504.01, with a measured move of about +103.36 points from the support.
5. RSI Indicator:
RSI is around 57, which is neutral to slightly bullish.
No overbought/oversold signal yet – supporting potential for more upside.
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Bullish Bias Reasoning:
Confluence Zone: Horizontal + trendline + EMA 200.
Healthy Price Structure: Higher lows being maintained.
Momentum Indicator (RSI) supports continuation.
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Risks / Considerations:
If price breaks below the confluence support (~3,400), bullish invalidation may occur.
Monitor for false breakouts or heavy selling pressure near resistance.
Mr SMC Trading point
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Trading Plan
Buy Zone: Around 3,400 (support confluence).
SL: Below the trendline/EMA – e.g., 3,370 or lower.
TP: Around 3,504 (target zone marked).
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USD/JPY) bearish Technical Analysis Read The captionSMC trading point update
Technical analysis of USD/JPY (U.S. Dollar vs. Japanese Yen) on the 4-hour timeframe. Here's a breakdown of the analysis:
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Trend & Price Action
The chart shows a descending trendline connecting recent lower highs, indicating a downtrend.
Current price: 143.548
Price has recently rejected off the trendline and started to fall, suggesting continued bearish momentum.
A red arrow marks the rejection point, emphasizing a key resistance area.
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Technical Indicators
EMA 200 (Exponential Moving Average): At 144.459 — the price is currently below the EMA, reinforcing the bearish outlook.
RSI (Relative Strength Index):
RSI (14) values: around 35.45, which is near the oversold threshold (30) but not quite there yet.
Indicates increasing bearish momentum but no reversal signal yet.
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Support Levels Identified
1. Support Level (Target 1): ~142.280
First target point for bears. Likely to see some reaction or consolidation here.
2. Big Support Level (Target 2): ~140.382
A stronger, more significant support zone and a deeper bearish target if the first support breaks.
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Bearish Target Scenario
The projected path (in black lines) suggests:
A further drop into the 142.280 zone.
If that breaks, a continuation toward the 140.382 level.
This suggests a swing trade setup favoring short positions if the price respects the current rejection zone.
Mr SMC Trading point
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Conclusion
Bias: Bearish
Resistance Confirmed: Rejection from descending trendline and below EMA200.
Bearish Targets:
Short-term: 142.280
Medium-term: 140.382
Risk Management: Watch RSI for potential bullish divergence near the second support zone, which could indicate reversal or consolidation.
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USD/CAD) Down Trand analysis Read The captionSMC trading point update
Technical analysis of USD/CAD (U.S. Dollar / Canadian Dollar) currency pair on the 2-hour timeframe, and it suggests a potential sell setup based on price action, key levels, and momentum indicators.
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Chart Summary
Pair: USD/CAD
Timeframe: 2H
Current Price: 1.36432
EMA 200: 1.37436
Direction Bias: Bearish
Volume: 6.92K
Key Tool: EMA 200, RSI, Support/Resistance Zones
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Technical Breakdown
1. Resistance Zone / Supply Area (~1.3680 - 1.3700)
The yellow box highlights a strong resistance zone.
Marked by three red arrows, where price has repeatedly rejected.
Indicates clear seller dominance in this area.
2. Break of Support Level
Price broke below the yellow support area and is now trading below it.
This signals a bearish breakout from a consolidation zone.
3. EMA 200 Trend Confirmation
EMA 200 (blue line) is sloping down.
Price is below the EMA, confirming bearish trend bias.
Acts as dynamic resistance.
4. Bearish Flag/Channel Break
A bearish flag or wedge pattern seems to have been broken downward.
The measured move (blue vertical line) suggests the projected drop.
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Target Point
Target Price: 1.34951
This is based on the measured move from the resistance zone.
It aligns with the previous demand/support zone.
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RSI (Relative Strength Index)
RSI (14) is 36.37, approaching the oversold zone.
This shows strong bearish momentum, but it also means price may stall or bounce slightly before continuing downward.
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Trade Setup Idea
Entry: After confirmation of breakout below 1.3640
Stop Loss: Above 1.3700 (resistance zone)
Take Profit: 1.34951
Risk-to-Reward: ~1:2+
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Risk Management & Caution
If price moves back into the yellow zone or breaks above 1.3700, the setup is invalidated.
Watch for high-impact news events (marked on the chart with U.S. flags) that may trigger volatility.
Mr SMC Trading point
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Conclusion
This is a well-structured bearish idea based on:
Resistance rejections
Break of support
Downward EMA slope
Bearish RSI reading
It reflects strong downside potential toward 1.3495, offering a clean shorting opportunity for swing traders
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