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🔍 Market Snapshot Asset: XAUAUD (Gold/Australian Dollar) Timeframe: 1-Hour (H1) Recent Structure: Strong bullish rally → followed by consolidation Current Price: ≈ 6390.79 Open Position: Sell 1.00 Lot @ 6381.94 Take Profit (TP): 6360.00 Current Status: Unrealized P/L ≈ –7,907 (price moved against the sell entry) https://ct.icmarkets.com/signal?s=XAUAUD&d=sell&o=market&tp=6360&u=WebbersPro 🎯 Why the Sell Position? The trade idea is built on the expectation of a technical correction after a powerful upside move: 📌 1. Exhaustion Signs After the Rally The strong rally from Nov 24–25 created overextended conditions. Candles near the 6420–6430 region show long upper wicks, indicating: Buyers are struggling to push higher Sellers are actively entering near the highs Momentum is weakening 📌 2. Consolidation Zone on Nov 26 Price movement turned choppy and indecisive, a typical signal that the market is preparing for either: A correction, or A trend continuation The sell trade anticipates the pullback. ⚠️ What Comes Next? Key Levels to Watch The market is at a critical juncture. Everything depends on how price reacts around major levels: 🔥 Key Resistance: 6430 This is the barrier between correction and continuation. 📘 Possible Scenarios Scenario 1 – Correction (Favorable for Sell Position) If sellers defend the 6430 resistance and price breaks below 6380, 📉 Expect a fast drop toward the 6360 TP zone. Technical pressure supports a deeper pullback. Scenario 2 – Trend Continuation (Risk to Sell Position) If buyers break above 6430, 🚀 The uptrend resumes with fresh upside momentum. In this case, the sell position requires: A Stop Loss, or Manual management to limit further drawdown 🧠 Professional Insight This setup highlights a common market behavior: ⚡ Strong moves often lead to consolidation, and that consolidation becomes the battleground between continuation and reversal.
The short EMA (7) is below the medium EMA (25) → short-term downtrend. Price is hovering around the 99 EMA, which often acts as a support zone. If the price holds above the 99 EMA (~0.30) and bounces, it may indicate a potential short-term reversal. If it breaks below 0.30, it could trigger further downside toward 0.255–0.26 support.
2. RSI (Relative Strength Index – 6 period)
RSI = 21.88 💡 Interpretation: This is deeply oversold (below 30). It suggests the market is bearishly overextended and may be due for a short-term bounce or consolidation. However, RSI alone doesn’t confirm a reversal it just signals exhaustion in selling pressure. 3. Stochastic (K, D, J) K = 14.79, D = 29.01, J = –13.63 💡 Interpretation: Also extremely oversold, confirming what RSI shows. The market may be close to a bottom on the 30-minute chart.
4. OBV (On-Balance Volume) OBV = negative trend (dropping sharply) 💡 Interpretation: This indicates that volume is exiting during the recent dump confirming bearish momentum. For a reversal, OBV needs to flatten or rise again.
🧠 Price Action & Structure There was a sharp pump from around $0.25 → $0.49 (almost 2×).
Followed by a fast correction back to ~$0.30. This looks like a blow-off top pattern or a pump-and-dump retrace. Current candle shows potential stabilization around EMA(99), suggesting buyers are defending this area.
⚙️ Key Levels to Watch
$0.255 Major support Recent low; if broken, expect further decline $0.30 Local support EMA(99) area, potential bounce zone $0.35 Resistance EMA(25) + prior consolidation zone $0.41–$0.42 Strong resistance Previous take-profit region $0.49 Major top High of last spike
🧭 Possible Scenarios 📈 Bullish Rebound Scenario Price holds above $0.30 support. RSI and Stochastic cross upward. Short-term recovery target: $0.35 → $0.38. If strong momentum, could revisit $0.41 resistance.
📉 Bearish Continuation Scenario Price breaks below $0.30 and fails to reclaim it. Next supports: $0.27 → $0.255. If $0.255 breaks, could fall toward $0.22–$0.23 zone.
⚠️ Conclusion
Right now: The market is oversold but still in a downtrend. $0.30 is the key make-or-break level. Wait for confirmation like a bullish candle or RSI cross before entering long. Aggressive traders might scalp a short-term bounce, but with tight stop-loss below $0.295.
Candle closes above $4.88 (EMA7) → that’s a strong buy signal. Next confirmation comes if price breaks $4.95 (EMA25) with OBV still climbing confirming trend reversal.
Trend: Bearish continuation with potential oversold bounce.
Momentum: Weak but stabilizing.
Buyers: Still inactive; waiting near $4.30 zone.
Signal: Oversold → short-term bounce possible, but downtrend remains dominant until reclaim above $4.95.
Conclusion: AIAUSDT is in a strong downtrend, trading deep in the oversold zone. A temporary rebound toward $4.65–$4.95 is possible, but major trend reversal unlikely unless price closes above $5.00 with volume.
Executive Summary: SOONUSDT is at a critical juncture following its explosive+100% pump and subsequent sharp correction. The market is deciding whether this is a healthy pullback before the next leg up (Bullish Scenario) or the start of a deeper correction (Bearish Scenario). Based on the technicals, the Bearish Scenario has a higher probability (60%) in the short term due to the extreme volatility and signs of exhaustion. Scenario 1: BEARISH (Short Signal) - Probability: 60% Rationale: The massive pump to 3.0332 and the subsequent 50%+ crash is a classic sign of a "bull trap" or exhaustion. The price is struggling to hold above key moving averages, and momentum indicators are rolling over from overbought levels, suggesting selling pressure is dominant.
Signal: SELL / SHORT
· Entry Zone: 1.4500 - 1.5000 (Ideal entry on a retest of the broken EMA(7) resistance)· Stop Loss (SL): 1.5800 (A break above this level invalidates the bearish structure)· Take Profit Targets (TP): · TP1: 1.3700 (→ Partial Profit) (Near EMA 25) · TP2: 1.2500 (→ Partial Profit) (Psychological Support) · TP3: 1.1000 (→ Full Exit) (Near EMA 99 & Strong Support)
Risk/Reward Ratio: ~1:3 (Excellent potential if bearish move continues)
Rationale: The Binance Futures listing is a fundamentally strong catalyst. The current drop could be a volatile but healthy correction to shake out weak hands and establish a new, higher support base before resuming the uptrend.
Signal: BUY / LONG
· Entry Conditions (CRITICAL): Wait for a confirmed bullish reversal signal. · Preferred Entry: A strong bounce and hourly close above 1.4700 (reclaiming EMA7) OR a successful retest of the 1.3700 - 1.3500 support zone with a bullish candle pattern (e.g., hammer, engulfing).· Stop Loss (SL): 1.3400 (A break below the key EMA 25 and support zone invalidates the bullish setup)· Take Profit Targets (TP): · TP1: 1.6500 (→ Partial Profit) · TP2: 1.9000 (→ Partial Profit) · TP3: 2.2000 (→ Full Exit) (Next major resistance) Risk/Reward Ratio: ~1:2.5 (Good potential if uptrend resumes) Summary for Clients:
SOON is at a crossroads. The safer, higher-probability play is to look for shorting opportunities on any bounce towards 1.45-1.50. However, the bullish trend is not completely dead. For those looking to buy, it's crucial to be patient and wait for a confirmed bounce from a key support level, ideally above 1.47 or from the 1.37 area.
Current Bias: Leaning Short (60%) due to the severe rejection from the highs. Key Advice:Do not chase the price. Wait for your entry zones. The volatility is extreme, so position sizing is critical."
Disclaimer: This analysis is based on the data provided and is for informational purposes only. It is not financial advice. Cryptocurrency trading carries significant risk. Only trade with capital you are prepared to lose.
📈 A Brief Analysis of the S&P Sri Lanka 20 (SPLK20LP): Tracking Market Giants 🇱🇰
The S&P Sri Lanka 20 (SPLK20LP) index serves as a key indicator of Sri Lanka's stock market health, featuring the top 20 largest and most liquid companies listed on the Colombo Stock Exchange (CSE).
Market Overview: On September 20, 2024, the S&P Sri Lanka 20 closed at 3,102.20, marking an increase of +40.44 points (+1.32%).
Stay informed with our technical analysis to navigate the market trends effectively!
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• Crude oil continues to swing on news of production cuts. What’s next?
Fundamental Overview #Read Full Article https://hub.webberspro.com/?p=1131
Crude oil has been on a seesaw this week as we got a rally on Monday on the news that Libya was going to close down all oil fields and halt production and exports.
That spike eventually got faded and prices even fell below the level seen before the news. Yesterday, we got the news that Iraq was going to cut production which triggered another rally in oil.
On the daily chart, we can see that crude oil has been mostly rangebound between the 72.50 support and the 80.00 resistance. The market participants will likely keep on “playing the range” by buying at support and selling at resistance until we get a breakout.
Recent Price Movements (as of 2024)
• Volatility: Brent Crude prices have experienced volatility due to a combination of factors including supply chain disruptions, changes in OPEC+ production strategies, and shifts in global energy demand, particularly as economies transition to cleaner energy sources.
• Price Levels: In recent times, Brent Crude has seen fluctuations, with prices sometimes moving within a range influenced by ongoing recovery efforts post-pandemic, inflation concerns, and geopolitical tensions in key oil-producing regions.
• Future Outlook: Analysts often monitor the potential for new supply disruptions, changes in OPEC policies, and shifts in energy consumption patterns as indicators of future price trends.
💬 Join the Discussion! Share your thoughts and predictions on how gold might perform. Are you seeing bullish signals, or are you anticipating a pullback?
🔔 Stay Informed: Follow us for real-time updates and insights on market trends.
Applying Bollinger Bands to Analyze NVIDIA Corporation: A Technical Analysis Approach
NVIDIA Corporation (NVDA) is a leading technology company renowned for its graphics processing units (GPUs) and artificial intelligence (AI) solutions.
Originally known for its high-performance graphics cards for gaming and professional markets, NVIDIA has diversified into areas such as AI, data center solutions, and automotive technology.
On Wednesday, Nvidia reported earnings that beat Wall Street views. Sales of $30.04 billion were higher than $28.7 billion analysts expected and came in 122% ahead of the year-earlier quarter.
Earnings also came in above views of 65 cents at 68 cents per share and were 152% higher than the prior year.
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Read Full Article https://hub.webberspro.com/?p=1122
The gold market (XAU) is set to open soon, and it’s crucial to stay ahead of the game! 📉📈
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🗓️ Market Opening Time : Sydney at 2:00 AM UAE time & 3:30 AM Sri Lanka time on Sunday.
🔍 Why You Should Watch Gold Right Now:
• MA7 Indicator: Watch for how gold’s price interacts with the 7-day moving average (MA7). A price above MA7 could signal a bullish trend, while a price below might suggest bearish sentiment.
• Key Levels: Pay attention to potential support and resistance levels around the MA7.
• Market Sentiment: Keep up with the latest economic news and geopolitical events that might influence gold prices.
When analyzing gold (XAU) in the context of a 7-day moving average (MA7), you’ll want to focus on a few key aspects:
Price Trends: Observe how the price of gold interacts with the MA7. If the price is consistently above the MA7, it might indicate a bullish trend, while consistently below the MA7 could suggest a bearish trend.
Crossovers: Look for crossovers between the price and the MA7. A bullish signal occurs when the price crosses above the MA7, while a bearish signal occurs when it crosses below.
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Support and Resistance: The MA7 can act as a dynamic support or resistance level. If the price is above the MA7, it could find support at this level during pullbacks. Conversely, if the price is below, the MA7 might act as resistance.
Volume Analysis: Combining volume with MA7 can provide additional insights. Increased volume during a price crossover or trend shift can confirm the strength of the signal.
💬 Join the Discussion! Share your thoughts and predictions on how gold might perform. Are you seeing bullish signals, or are you anticipating a pullback?
🔔 Stay Informed: Follow us for real-time updates and insights on market trends.
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Given that today is Saturday, August 31, 2024, and the UAE is in GMT+4, here are the next market opening times for gold (XAU) in UAE time:
1. Sydney: The Sydney market opens at 2:00 AM UAE time on Sunday, September 1, 2024.
2. Tokyo: The Tokyo market opens at 4:00 AM UAE time on Sunday, September 1, 2024.
3. London: The London market opens at 12:00 PM UAE time on Sunday, September 1, 2024.
4. New York: The New York market opens at 5:00 PM UAE time on Sunday, September 1, 2024.
So, the immediate next market opening will be for Sydney at 2:00 AM UAE time on Sunday.
#srilanka Sri Lanka is in the time zone GMT+5:30. To determine the next market opening time for gold (XAU) based on Sri Lanka time,
1. Sydney: Opens at 3:30 AM Sri Lanka time on Sunday, September 1, 2024.
2. Tokyo: Opens at 5:30 AM Sri Lanka time on Sunday, September 1, 2024.
3. London: Opens at 1:30 PM Sri Lanka time on Sunday, September 1, 2024.
4. New York: Opens at 6:30 PM Sri Lanka time on Sunday, September 1, 2024.
Since today is Saturday, August 31, 2024, the immediate next market opening for Sri Lanka will be the Sydney market at 3:30 AM Sri Lanka time on Sunday, September 1, 2024.
#Disclaimer: This content is for educational and informational purposes only. This should not be misconstrued as financial advice to buy or sell any security. Please conduct your own research.
Sri Lanka's inflation rate, measured by the Colombo Consumer Price Index (CCPI), has dropped significantly to 0.5% year-on-year in August 2024, down from 2.4% in July 2024.
Food inflation has settled at 0.8%, while non-food inflation stands at 0.4%.
This sharp decrease highlights the ongoing efforts to stabilise prices and could signal a positive trend for the economy.
Gold Analysis: Will Gold Break New Historical Levels? - 28 August 2024
Yesterday, the gold price fell towards the support level of $2,503 per ounce but quickly rebounded to stabilize around the resistance level of $2,525 per ounce.
Initial support is around $2,485/oz. followed by $2,450/oz. Gold Daily Price Chart Retail trader data shows 53.66% of traders are net-long with the ratio of traders long to short at 1.16 to 1.The number of traders net-long is 10.14% higher than yesterday and 13.05% higher from last week, while the number of traders net-short is 5.69% lower than yesterday and 9.76% lower from last week.