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SHORT! US Dollar.....For nowUSD is in a clear wave 2 down for many reasons. - Tariffs speculation - Inflation data higher than expected - US M2 money supply increase - US manufacturing output drops and Retail sales drop Moreover, the dollar for now is bearish until reversals in the aforementioned list of causes for its recent decline. Primarily, look for the FED to hold off on any future rate cuts until later in the year. Treasury Yields(Bond Sell off) rising recently is an indication that the market does not expect any FED rate cuts happening anytime soon. This could spur demand for the US Dollar as other Central Banks globally look to continue to cut rates (i.e. ECB and BOE).
TVC:DXYShort
by UCHE9121
XAUUSD - Potential buy incomingBased on the technical analysis of the Gold spot price against the US Dollar, we're observing an interesting setup. The price has recently shown strong bullish momentum, reaching levels around $2,940 before experiencing a pullback. There's a significant support zone highlighted by the orange box around the $2,860 level, which appears to be a crucial area to watch. If this support zone holds and the price maintains above the orange box, we could expect a continuation of the bullish trend. The recent price action suggests there's still buying pressure in the market, and as long as the support at $2,860 remains unbroken, the path of least resistance appears to be to the upside. The technical structure shows a series of higher lows and higher highs before the recent pullback, which is typically indicative of a healthy uptrend. A bounce from the current support level could potentially lead to a test of the recent highs and possibly beyond. However, traders should remain cautious and monitor the price action around this support zone, as a break below it could invalidate this bullish scenario. Risk management is crucial, and any trading decisions should be made with appropriate stop-loss levels in place.
FOREXCOM:XAUUSDLong
by financialflagship
2
USOIL (WTI) - More downside?The price action for the WTI Crude Oil chart shows that the higher probability move appears to be to the downside, targeting the lower orange box around the 70.00 level. The recent price structure has failed to establish any convincing bullish momentum, and after testing the upper orange box around 73.00, the price has shown weakness. Without any strong buying pressure or upside catalyst visible in the current price action, the path of least resistance suggests a continuation of the downward movement toward the lower support zone.
FX:USOILShort
by financialflagship
Silver at $32.90, Asian Demand Fuels RiseSilver jumped to $32.90 on Friday morning, fueled by increased demand for safe-haven assets amid rising trade tensions and geopolitical risks. Additionally, strong demand from China and other Asian markets has further supported silver prices. From a technical perspective, $33.15 is the first resistance level, with further targets at $33.80 and $34.50 if the price breaks higher. On the downside, $31.40 serves as the first support level, followed by $30.90 and $30.20 if selling pressure intensifies.
FOREXCOM:XAGUSD
by zForexcom
Gold Steady, Set for Seventh Weekly GainGold traded at $2,930 per ounce, maintaining its position for a seventh weekly gain. On Thursday, President Trump instructed federal agencies to explore ways to align U.S. tariffs with those of other countries, though without immediate implementation. While the delay eased some concerns, fears of escalating global trade tensions persisted, driving investors toward gold. Meanwhile, U.S. producer inflation exceeded expectations, following strong consumer inflation data earlier in the week. This reinforced the view that the Fed is unlikely to cut interest rates soon. Despite this, gold remained resilient, supported by trade war uncertainties and a weaker dollar, which made the metal more affordable for foreign buyers. The first resistance is at $2,949, with further levels at $2,975 and $3,000 if the price moves higher. On the downside, $2,885 is the first support level, followed by $2,830 and $2,760 if selling pressure increases.
EIGHTCAP:XAUUSD
by zForexcom
GBP/USD Up on Positive Growth DataThe British pound climbed to $1.2560 after preliminary data showed the UK economy grew by 0.1% in the final quarter of 2024, defying expectations of a 0.1% contraction and outperforming the Bank of England’s forecasts. This puts the economy slightly ahead of where it was when Labour took office in July, offering some relief to the government. However, challenges remain as the Office for Budget Responsibility is set to release an updated economic and fiscal outlook on March 26, with reports indicating a lowered growth forecast. Meanwhile, the Bank of England cut interest rates by 25bps to 4.5% last week, its third reduction since beginning its easing cycle in August 2024, while also downgrading its 2025 GDP growth forecast to 0.7%. 1.2600 is the first resistance level, with further targets at 1.2650 and 1.2700 if the pair moves higher. On the downside, 1.2340 serves as the first support level, followed by 1.2265 and 1.2100 if selling pressure intensifies.
by zForexcom
Dollar Weakens as Trade Tensions EaseEUR/USD is hovering around 1.0460 on Friday morning, while the dollar index remains near 107, poised for a 1% weekly decline. The drop is driven by easing trade tensions and expectations of a softer personal consumption expenditures (PCE) price index later this month. The dollar weakened 0.8% on Thursday after President Trump directed his administration to explore reciprocal tariffs on countries with unfair trade practices. However, since these tariffs are not expected immediately, concerns over retaliation and inflation eased, reducing uncertainty around the Fed's ability to lower borrowing costs. Meanwhile, producer inflation data exceeded expectations, following strong consumer inflation figures from the previous day. Despite this, components of the report suggest that core PCE inflation, the Fed's key focus, may come in lower than anticipated. Technically, 1.0460 is the first resistance level, with further barriers at 1.0515 and 1.0600 if the pair moves higher. On the downside, initial support is at 1.0350, followed by 1.0275 and 1.0220.
by zForexcom
High grade copper HG looking bullsihCopper traded on the COMEX looks bullish. Currently at 3.20 per pound, the chart shows an Eve and Adam bottom forming between 2015 and now. The expected target of this move would be 4.70 which would put the market five cents above its old high set in Feb 2011 of 4.65. From 4.65 I would expect the market to revisit the 3.30-3.60 region to make a strong bottom for a longer term ascent. Looking back further on the copper chart, there is a longer term Adam and Eve bottom forming starting in Dec 2008 to present. The target would be 7.365 based off of this longer term pattern. If copper were to trade up to 4.70 area and come back down to 3.50 area, it would also present an opportunity for an ascending triangle to form with the same target, 7.365, as the Adam and Eve pattern. With a weakening dollar, look to copper for guidance on inflation going forward.
COMEX:HG1!Long
by ngordon
3
GBP/USD Supported by Peace Deal HopesThe GBP/USD traded at $1.246, holding steady with global market optimism. The pound found support from peace deal hopes between Ukraine and Russia but struggled against a stronger U.S. dollar, supported by rising Treasury yields and recent inflation data. The Federal Reserve’s cautious approach to rate cuts has kept the dollar firm, while UK economic concerns, including a potential GDP contraction, weigh on the pound. With upcoming U.S. PPI data, GBP/USD could face further pressure. The first resistance level for the pair will be 1.2500. In the event of this level's breach, the next levels to watch would be 1.2600 and 1.2650. On the downside 1.2340 will be the first support level. 1.2265 and 1.2100 are the next levels to monitor if the first support level is breached.
by zForexcom
Euro Gains Ground on Ukraine Peace TalksThe EUR/USD traded at $1.04 on Thursday, gaining 0.1% for the day after rebounding from earlier declines. The euro found support amid optimism over a potential peace agreement between Ukraine and Russia, spurred by encouraging progress in diplomatic discussions. Despite rising U.S. Treasury yields strengthening the dollar, the euro remained steady. U.S. inflation data exceeded expectations, tempering hopes for Federal Reserve rate cuts. While the dollar stays relatively strong, the euro’s stability suggests it could hold firm against the greenback. Moving forward, U.S. monetary policy and geopolitical events will be key factors influencing EUR/USD. From a technical standpoint, the first resistance level is at 1.0460, with further resistance at 1.0515 and 1.0600 if the price breaks higher. On the downside, initial support is at 1.0350, followed by additional levels at 1.0275 and 1.0220.
by zForexcom
DOLLAR INDEX Good Day Fellow Traders We have seen that the Dollar has stopped trending at 110 area as market on the chart as a weekly level of resistance, with thus we have closely been tracking the cot index which indicates that a correction is due, although there has not been much action of impulsive move down, we do expect at least a 3-wave pullback down to the 105 area, should this level break it open the chart for a drop down to the weekly level at 104.00. Yesterday we had a higher inflation reading, with trump policies in action we could expect more of the same higher volatile moves to come and USD to be the dominant trading currency under the rain of Trump. My personal opinion would be to stay away from forex pairs and rather shift focus to swing and position trade the global indices as political turmoil will affect currencies most, look at monthly, weekly and daily charts(entries) with wide stops
TVC:DXY
by Mike_SnD
Bitcoin below $96K – Miners trigger a sell-offThe price of Bitcoin (BTCUSD) has dropped more than 3% in the past 24 hours, closing around $96,000 amid aggressive selling by miners. Over 2,000 BTC have been transferred to centralized exchanges since Bitcoin’s recovery to GETTEX:98K , intensifying downward pressure on the market. This price decline is driven by miners’ efforts to reduce their reserves in response to market instability. At the same time, Bitcoin mining difficulty has increased by 5.6%, signaling new challenges for the industry and adding pressure on the cryptocurrency’s value. Typically, asset transfers to centralized exchanges indicate a readiness to sell, whereas transfers to custodial wallets suggest long-term holding. Over the past two weeks, Bitcoin has repeatedly dropped below the $100K mark, influenced by uncertain U.S. trade policies and negative macroeconomic signals from the Labor Department report. A brief recovery failed to sustain bullish momentum, leading to large-scale sell-offs and further price declines, keeping altcoins under constant pressure. As a significant part of institutional Bitcoin demand, miners continue to shape market dynamics. However, over the past seven days, selling activity has slowed as investors anticipate a potential price rebound. FreshForex analysts forecast that BTCUSD retains the potential for recovery and even new all-time highs, while Standard Chartered suggests Bitcoin could reach $500K by 2028.
SAXO:BTCUSDLong
by Fresh-Forexcast2004
Silver Steady Amid US Tariffs, China Retaliation, and EU Trade WSilver trades around $31.8 per ounce on Wednesday, steady as safe-haven demand rises after Trump’s 25% tariff on steel and aluminum, with more expected. China’s retaliatory tariffs take effect today, while Germany warns of an immediate EU response to US tariffs. Silver is also supported by strong industrial demand, particularly in renewables, and ongoing supply shortages. Technically, the first resistance level will be 32.50 level. In case of this level’s breach, the next levels to watch would be 33.00 and 33.50. On the downside, 31.40 will be the first support level. 30.90 and 30.20 are the next levels to observe if the first support level is breached.
FOREXCOM:XAGUSD
by zForexcom
Gold Falls from $2,940 Peak Amid Fed’s Hawkish StanceGold fell below $2,900 per ounce on Wednesday, extending losses after hitting a record $2,940. The drop followed Fed signals that rate cuts aren’t imminent, shifting focus to US inflation data. While inflation hedging supports gold, the Fed’s stance limits its appeal. Safe-haven demand remains strong amid Trump’s tariffs, trade war fears, and geopolitical tensions, with Israel threatening to end the Gaza ceasefire. Dovish central banks and rising gold purchases also provide support, while India’s gold leasing rates hit record highs. Technically, the first resistance level will be 2949 level. In case of this level’s breach, the next levels to watch would be 2975 and 3000. On the downside, 2885 will be the first support level. 2830 and 2760 are the next levels to monitor if the first support level is breached.
TVC:GOLD
by zForexcom
GBP/USD Rises as Traders Scale Back Aggressive BoE Easing BetsThe British pound rose to $1.2440, rebounding from a three-week low as traders adjusted rate cut expectations after BoE policymaker Catherine Mann’s comments. Although she voted for a 50bps cut, she clarified it wasn’t a signal for aggressive easing but aimed to improve market communication. She emphasized the need to maintain monetary restrictions due to structural challenges in returning inflation to 2%, leading traders to lower 2025 rate cut expectations to 62bps. Focus now shifts to upcoming GDP estimates, Q4 figures, and December’s industrial and manufacturing output. The first resistance level for the pair will be 1.2500. In the event of this level's breach, the next levels to watch would be 1.2600 and 1.2650. On the downside 1.2340 will be the first support level. 1.2265 and 1.2100 are the next levels to monitor if the first support level is breached.
by zForexcom
EUR/USD Steady as Markets Await Key US Inflation ReportEUR/USD trades near 1.0450, with the dollar index steady at 108 on Wednesday, as markets await a key inflation report. January CPI is expected to show core inflation rising to 0.3% from 0.2% MoM, while annual inflation may ease to 3.1% from 3.2%. Fed Chair Powell told Congress the Fed isn’t rushing to cut rates, citing economic strength and inflation risks. He warned that premature easing could stall inflation progress, while delays could harm growth. Markets also assess the impact of Trump’s latest tariff hike. From a technical perspective, the first resistance level is at 1.0400, with further resistance levels at 1.0460 and 1.0515 if the price breaks above. On the downside, the initial support is at 1.0275, followed by additional support levels at 1.0220 and 1.0180.
by zForexcom
Yen Falls Below 153 as BOJ Offers Little Policy ClarityThe yen fell below 153 per dollar on Wednesday, hitting a one-week low after BOJ Governor Ueda gave little clarity on rate policy. He reiterated the BOJ's commitment to a 2% inflation target, despite board member Tamura suggesting rates may rise to 1% in late 2025. The yen also weakened as Trump’s escalating tariffs raised inflation concerns, limiting the Fed’s ability to cut rates. The key resistance level appears to be 153.85, with a break above it potentially targeting 154.90 and 156.00. On the downside, 151.90 is the first major support, followed by 151.25 and 149.20 if the price moves lower. 
by zForexcom