EURUSD Bearish Scenario for next weekThis is the bearish scenario I'm looking for EURUSD on the following days.
We have a imbalance above and the price already broke a strong demand zone, which means that a correction is more likely to happen.
However before a bigger movement to the downside, I believe the price will fill the imbalance first, or at least, part of it.
Furthermore we have a lot of imbalances created from 3rd March until 6th March.
For these technical reasons I will look for Short entries on this week.
Candlestick Analysis
USDCHF: Bullish Outlook Explained 🇺🇸🇨🇭
USDCHF looks bullish after a test of the underlined blue support.
The price formed a double bottom on that and broke its neckline
on Friday.
We see a positive bullish reaction to that after its retest.
I think that the market will continue rising and reach
at least 0.885 resistance.
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GBPUSD - Nearly 1,000 Pips In 2025!GBPUSD was sideways around $1.29452 after a surprise news from the UK caught sterling bulls unprepared. The UK economy surprisingly shrunk by 0.1% in January, month on month, according to the latest GDP figures released by the Office for National Statistics.
With price reaching up into the premium SIBI, there is a chance for a minor pullback. Risky, yet possible with this weeks high impact events
Dollar Index - Will Rate Hikes Cause Risk Off Conditions?It’s been a risk off environment over the last few weeks and because of this, we have seen the appreciation of GBPUSD and EURUSD which was called weeks in advance.
With a massive imbalance above and daily sellside liquidity taken, the question is will Dollar Index fill the daily SIBI before the rate announcements happen?
If this happens, it will be a classic ‘buy the rumour, sell the news’ scenario.
Next week will be very volition due to the news events being released and this could be the catalyst for price to expand into the local SIBI outlined on the daily timeframe.
The Bear Awakens: A Perfectly Executed Short on Gold📍Over the past few days, I’ve consistently emphasized that the bear is on the verge of fully awakening, warmly inviting everyone to watch it dance. Today, gold has indeed pulled back to the 3000 level as anticipated, making our short position from the 3035-3045 range a resounding success!
📍Since gold has tested the 3000 level for the first time, a second test is highly likely. Therefore, the primary trading strategy remains focused on selling gold on rebounds. The head-and-shoulders formation continues to exert significant pressure, making a sustained breakout to the upside unlikely in the near term.
📍With this in mind, the resistance zone can be adjusted lower to 3025-3035. If gold fails to break through this region during its rebound, further downside movement is expected. In that case, gold will likely retest the 3000 level and could potentially breach it, extending losses towards the 2995-2985 range.
🔎Trade Idea:
Xauusd: Sell at 3025-3035
TP:3005-2995
SL:Adjust according to risk tolerance.
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Index To Watch Next Week: CNX Pharma Index. The index that did very well this week and which has potential to carry forward the momentum into the next week seems to be the CNX Pharma Index.
The pharma index looks strongly placed above Mother Line of 50 Weeks EMA line. The resistances it faces or can face if it moves upwards can be near 21667. If this trend line resistance is crossed, there is a possibility of Pharma index reaching 22117 or 22428 . 22428 will be a little tough to cross as it is the mid resistance of the parallel channel in which CNX Pharma index is travelling. If we get a closing above it, there is a real possibility for the index to reach 22715 or even 23K+ levels. The support for CNX Finance is the Mother and Father lines which are merged near 21144 and 21176 zone. If this major support zone is broken the index may fall to 20637 or 19628 levels.
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Now if this breakout actually happens in the Nifty Pharma index the some of the stocks that composites the Pharma Finance will be the beneficiaries. Some might benefit more some might benefit less and some might not benefit but for index to move upward the stocks composing it have to perform well. To know which stocks will do better than others we will have to look at their individual charts. The stocks which make the Nifty Pharma index are Sun Pharma, Mankind Pharma, Dr Reddy’s Lab, Auro Pharma, Lupin, Cipla, Glenmark, Ajanta Pharma, Biocon, Alkem, Laurus Labs, JB Chem Pharma, Granules, IPCA Labs, Abbott, Zydus Life, Natco Pharma, Gland Pharma, Torrent Pharma, Divi’s Lab. The Index Can Perform if the majority constituents or the stocks with heavy weightage perform. Some of these stocks can perform others might not. Choose wisely after consulting your investment advisor, studying fundamentals and Technicals of each company.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. No one can guarantee any success in highly volatile market or otherwise. There is also chance of bias in our opinion. The supports and resistances indicated are based on data which has a cycle time of being 3 months or older so it is not necessary that it will work. The author or Smart Investment will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
GOLD (XAUUSD): Selling Now is HIGH RISK
The head & shoulders pattern that I spotted earlier
perfectly played out and we saw a strong bearish move after the
NY session opening.
HOWEVER, be extremely careful.
Many traders started to sell heavily, anticipating an extended bearish reversal.
For now the price nicely respected 3000 psychological support
that previously was a resistance.
I suggest not placing any short trades this week.
Let's wait till Monday and how the market opens.
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The bearish trend will continue📍Since the day before yesterday, I've been sincerely inviting everyone to watch the bear dance.Gold has decisively broken below the recent support zone at 3030-3026 and extended its decline to around 3021. Based on this price action, two key conclusions can be drawn:
1. 3057 is now confirmed as the current high.
2. Gold has successfully formed a head and shoulders pattern in the short term.
📍This indicates that bearish momentum remains strong and far from exhausted. Under the pressure of structural resistance, gold is likely to continue testing lower support levels around 3010-3000, with a possible extension toward 2995.
🔎Trade Idea:
Xauusd: Sell at 3035-3045
TP:3015-3005
SL:Adjust according to risk tolerance.
📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Solid Comeback by Nifty on Weekly Chart. 1 hurdle remaining. Nifty made a solid comeback gaining 4.26% this week. One major hurdle remaining which is 23403. If Nifty can close above this level the next resistances will be at 23809, 24030, 24215, 24443, 24667 and 24873 before Nifty can regain 25K levels. The supports for Nifty on the lower side if it is not able to cross the major hurdle at 23403 will be 23109, 22789, 22334 and 21974. As of now the Bulls have done well turning the shadow of the candle positive for the next week.
However there is also a small possibility of 23403 becoming Achilles heel for the rampant Bulls. Weekly RSI is at 48.89 which means it has entered the bullish territory. MACD or the Moving Average Convergence and Divergence has not fully moved into the Bullish territory but it has certainly taken the turn towards the convergence.
So overall it was a great week for bulls after a long time but one final hurdle of the Bear 'Chakravyuh' remains to be conquered.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
XAUUSD Update – 21 March 2025 Good morning from London, 10:46 AM.
Price is in premium on the daily swing and has tapped into the daily imbalance.
Yesterday we took longs from the wick and closed them early in the Asia session.
Currently watching for a push up into intraday resistance, followed by a possible move down into 1H and 4H points of interest.
Key areas of interest for Shorts: 3042–3045.
Intraday longs are in play.
Will look for short setups if price gives a signal on the 15M chart.
Bias remains fluid – we’ll respond to what the market prints.
Let’s see what unfolds.
Potential 30 minute quick scalp on GER30.Price has broken below the previous support after some consolidation. So watch out for retracement to the support (now turned into resistance level) and continuation downwards.
This idea is valid if the 30 minute candle closed below the red resistance level. It is important to wait for a pullback to that zone again to allow price to pick liquidity before moving down.
GBPAUD: Pullback From ResistanceThe GBPAUD pair appears to be showing a bearish trend on the 4-hour time frame after testing a significant intraday resistance.
An inverted cup & handle pattern was formed on the hourly chart, along with strong bearish momentum this morning, indicating a potential downward movement.
I believe that the market may retrace back to the 2.0500 support level at the very least.