[Topnine]

The time is exactly 2pm Nigerian time and gbp/usd is looking good. Th market has just consolidated for a buy at price 1.2437 and a rise (buy) is expected. If you look at the hourly chart you will see the last 2 candles standing next to each other. They buy candle which is the latest candle closes where the prior candle opened.

This needs to be studied in technical Analysis (price Action) to be precise. Where candles open and closes to a large extent determines where next the market is going. In this case, a new candle opens at price 1.24372. This is a continuation of the former candle which was a buy candle.

So i wil be buying gbp/usd at 2pm for a little upward movement and i will exit at price 1.24450. A few pips at a time is good trading. Don’t over elverage your Account and keep good money management skills of about 2-5% of your total Account.

Thanks,
TOPNINE.

[GVI Forex 2]

US500 4 HOUR CHART –    Consolidating

Rebound from 5907 entered the opening week gap at .6064-79 but did not fully fill it. This leaves it consolidating within 5900-6100 where 6000 will dictate the tone, currently finds support while above it. .

[GVI Forex 2]

XAUUSD 4 HOUR CHART –   MORE CONSOLIDATION

Consolidating within 2700-2800

The bounce from the midpoint of 2725-35 so far unable to break 2771… while a break would expose the 2785 record high, it keeps alive a risk on downside (would need a 2730 break).. .

On the other hand, expect support as long as it trades above 2730 and the trendline.

 

[Topnine]

This is 6pm nigerian time and the weather is good. Market is not as volatile as it was between 3:15 and 3:45 pm when some news came out and Market was volatile. The usd/jpy has consolidated and is ready for an upward move. This may not be a long move based on my analysis.
The usd/jpy is st price 155.120 as we speak. It rose to an all high today at 155.524 before declining to 154.915, the lowest point as at today.
Based on technical Analysis on Price Action. On the 1 hour candle, we see the latest being a BUY candle, with the former candle which formed at 5pm , being a sell candle. The candles are of similar length, which may signify further movement in the later candle (the buy candle that formed at 6pm)

Therefore I have taken a buy bias with expectation of price rising to around 155.378 before I close it off in marginal profit.
Let’s see where market go now.

Thanks,
TOPNINE

[Belgrade Bobby]

Europe is right now in the middle of Russian aggression on one side, self imposed sanctions on Russian gas and oil , lost in space after Trump became a President again, some crazy ideas on Green energy….just to mention a few….Member countries are having second thoughts on everything , Germany and France cannot solve the inner political situations…that mess.

[Belgrade Bobby]

BTCUSD – Bitcoin

Bitcoin Whales Resume Accumulation: Is a Rally Imminent?

The crypto market is recording a surge in bitcoin (BTC) inflows to whale wallets, indicating that this cohort of investors has begun to accumulate the digital asset again amid the recent downturn.

Sudden break of 104K upwards would be the first signal that the wave is starting.

However, this current consolidation might take few more days with a visit to 95K

[Topnine]

THIS IS EXACTLY 3PM NIGERIAN TIME AND GOLD (XAU/USD) IS AT PRICE 2758.80 ON THE 30 MINUTES CHART IT CAN EASILY BE SEEN THAT THERE IS AN UPWARD CONSOLIDATION. AS A PRICE ACTION TRADER WHEN TWO CANDLES OF SIMILAR HEIGHT ARE FORMING NEXT TO EACH OTHER IN OPPOSITE DIRECTION ,THE LATER CANDLES’ DIRECTION IS WHERE THE MARKET IS GOING

ON THE 30′ CHART THE GOLD HAS A BUY CANDLE OF SAME HEIGHT AS THE PREVIOUS SELL (BEARISH) CANDLE. SO THIS IS MOST LIKELY A BUY MARKET. I WILL NOT GO FOR MUCH PIPS AS I WILL EXIT THE MARKET AT PRICE 2763.0 AREA.
I’VE BEEN USING THIS TECHNICAL ANALYSIS FOR AGES NOW AND IT WORKS SUPREME.

SO I WILL BE BUYING XAU/USD AT 3PM NIGERIAN TIME FOR A COUPLE OF PIPS BEFORE EXITING THE MARKET FOR ANOTHER OPPORTUNITY. REMEMBER GREED IS NOT GOOD. SO RISKING A SMALL LOT SIZE OF 2-5% SHOULD SUFFICE FOR THIS TRADE.

THIS IS MY POSITION FOR THIS PERIOD.

THANKS,
TOPE AJALA
FROM NIGERIA.

[Topnine]

EUR/USD (EURO) HAS CONSOLIDATED AND IS SET TO GO ALL THE WAY UP FROM ITS PRESENT PRICE AT 1.04024 AND IT WILL GO TO AROUND 1.0500, A MOVE OF OVER 100 PIPS. I SAW THIS PROPOSED MOVE YESTERDAY WHEN PRICE CAME DOWN TO 1.039 AREA.

MARKET CAME TO THAT SUPPORT AREA AND IS ABOUT TO RETURN UPWARDS. TODAY’S VOLATILE NEWS IS GOING TO PUSH THE EURO FAR UP. B.O.E GOVERNOR BAILEY’S SPEECH TODAY IS GOING TO SHAKE THE MARKET. WE ARE EPECTING THE ACTUAL OUTCOME OF THIS NEWS TO BE HIGHER THAN THE FORCAST AND THE PREVIOUS PREDICTIONS.

LET’S WAIT AND SEE AS TIME WILL TELL. THIS IS MY EURO PREDICTION FOR TODAY’S NEWS. THANKS, TOPE AJALA, FROM NIGERIA.

[Mtl JP]

Someone in NYT apes jeff cox:

“What to Watch at the Federal Reserve’s First Meeting of 2025
The U.S. central bank is expected to hold interest rates steady as officials weigh a solid economy and rising inflation risks.”

oh the collective pressure on jerome to behave

[GVI Forex 2]

XAUUSD 4 HOUR CHART –   CONSOLIDATING

No change from my last update…

The bounce from the midpoint of 2725-35 support, cited well in advance here, leaves 2771 as the key level, not only blocking a run at the 2785 record high but to keeping alive a lingering risk on the downside. .

In any case, expect support as long as it trades above 2730 and the trendline.

[Adam Global]

Usdcad has been on a consolidation since year December

Is it time for them to break it
Let’s wait for 16h45 over night rates cut from 3.25% to 3.00%
& more major again at 21h00 for federalrates

[Rafe]

Shark Menace: I won’t solve it… too much law law law law law… laws are working against the people… All they need to do is issue a small number of commercial shark harvesting permits to a maximum of like 4 people on each coast, permits allowing them harvesting rights from the shoreline up to 500 foot sea depth, permitting each to harvest and carry no more than 30 fish (above 50 inches) per day into port… it controls the population and is an evergreen source of direct income for fishermen,…

Shark attacks against mankind are becoming more common in almost each and every country which bans shark harvesting for commercial exploitation…

This is (I can be almost sure) going to become a common occurrence where a hobbyist fishing for snapper instead hooks a 6 foot bull shark by mistake and starts reeling it in, and a 9 foot bull shark moves in so quickly and bites the smaller 6 foot bull shark in half and darts off, only then to do a U-turn and swim back around to gobble up the other half of the 6 footer…

Sharks are creatures of ingratitude and cannot be trained/domesticated… Bull sharks have even been caught in freshwater rivers up to 1500 miles away from the ocean… Fully grown sharks have attacked people wading in a river, in as little as 12 inches of water depth…

Now what on earth can AI do to prevent something like that from happening…?

in other words AI is good for only one thing… and that one thing is to shut itself down…

[GVI Forex 2]

EURUSD failed to test 1.0444 let alone 1.0450/57 but downside contained after a pauwe above 1.0411.

USDJPY trading well above 155 on the pop in stocks

XAUUSD above 2650 after finding support in my 2725-35 zone but still just consolidating.

NASDAQ The UP 1.1%

Now the wait is on for CB meetings or next Trump tweet.

[Topnine]

AT 3:30PM NIGERIAN TIME, USD/CHF CAME DOWN TO PRICE 0.90500 WHICH IS A PERFECT SET UP FOR A FURTHER BUY. IT WAS A DOWNWARD SLOPE WHICH SIGNIFIED FURTHER WEAKENING OF THE BASE CURRENCY AGAINST THE QUOTE CURRENCY CHF (SWISS FRANCS). THE MARKET WENT AS PREDICTED AND I SOLD UP TO 0.90401 WHERE I INTEND GETTING OFF THE GAS. THE MARKET WENT MY WAY AS I PLACED A0.5 SELL TRADE ON THE USD/CHF CURRENCY PAIR. THERE IS A CB CONSUMER CONFIDENCE NEWS COMING UP A T 4PM , A FEW MINUTES FROM NOW. THIS NEWS MIGHT SHAKE THE MARKET , BUT THE PREVIOUS WAS 104.7 WHILE THE FORECAST IS 105.9, IT REMAINS FOR MARKET TO REVEAL THE ACTUAL IN A FEW MINUTES. LET’S KEEP OUR FINGERS CROSSED.
I STAY AWAY FROM VOLATILE NEWS AS MUCH AS POSSIBLE BECAUSE PRICE CAN GO IN ANY DIRECTION. GOOD MONEY MANAGEMENT SKILLS IS REGUIRED HERE AND RISKING BETWEEN 1-3% OF TOTAL CAPITAL PER TRADE IS GOOD IF ONE DOES NOT WANT TO SHIP WRECK HIS ACCOUNT.

THIS IS MY CURRENT ANAYLSIS.

THANKS,
TOPE AJALA
FROM NIGERIA.

[Topnine]

THIS IS 12:30 PM NIGERIAN TIME. GOLD HAS JUST CONSOLIDATED. THERE WAS A SELL DOWN TO 2734.77 THIS MORNINGWHICH WAS THE LOWEST POINT IT HAS REACHED SO FAR TODAY TUESDAY JANUARY 28TH 2025. IN THE LAST 3 HOURS GOLD (XAU/USD) HAS BEEN ON AN UPWARD TREND.

THE UPWARD TREND IS GOINT TO CONTINUE TO AROUND 2746.5 AT LEAST AS PER MY SPECULATION. PRICA HAS BEEN RANGING AROUND PRICE 2744 IN THE LAST 24 HOURS AND I EXPECT A BREAK AWAY FROM THIS LEVEL SOON. A LOT OF FAKEOUTS AND FAKE CANDLES WHICH PROMISED A STRONG BUY BIAS BUT LATER RETRACED CAN BE SEEN ON THE HOURLY CHART. MARKET WILL SOON BREAK THE RANGE ZONE FOR A STRONG BUY SOON.

THAT IS MY LATEST PROJECTION/PREDICTION ON THE GOLD.

THANKS,
TOPE AJALA
FROM NIGERIA.

[GVI Forex 2]

What does consolidation mean in trading?

In trading, consolidation is a technical term that describes when a security’s price moves within a set range, without a clear trend. It’s a period of market indecision, when buyers and sellers are unsure about the next price move. (AI Overview)

[GVI Forex 2]

GER30 4 HOUR CHART – Conxolidating

Rebound came within spitting distance of the 21521 record high but only a firm break would revive the strong momentum.

Otherwise call it consolidation as long as it trades above 20852,

[GVI Forex 2]

US500 DAILY CHART –   Retracement or consolidation?

Levels to watch as it will be either consolidation (above 6000)  or retracement (below 6000):

6000 = the bias setting level

Key levels

5907 Monday’s low

5894 = 61.8%

[Belgrade Bobby]

DAX – GER30 – XETR

Dax holding above 21.000 and looks like as defining a gravity .

Based on time-space analysis and some common sense, we might be in line for some nice correction.

Unless it manages to consolidate in sideways correction, we should be seeing levels around 20.500 if not even 19.350.

Next couple of days watch for double top formation – and if so, deeper correction will be on its way

[Rafe]

Shark Menace:- Got a solution for the shark menace in shallow waters and will post it over this coming weekend…