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US 500 – Strength of Rebound From Friday Low to be TestedThe US 500 bounced 1.4% from its January 2025 lows on Friday, ensuring a volatile week of trading finished on a slightly more positive note than may have been the case earlier in the day. However, the strength of this rally is likely to be put through a stern test in the week ahead. Why? The week is packed full of risk events, including key US economic data, in the form of the forward-looking ISM Manufacturing (Monday 1500 GMT) and Services (Wednesday 1500 GMT) PMI surveys, the latest update on the strength of the US labour market, provided by the Non-farm Payrolls update (Friday 1330 GMT), and earnings from consumer bellwether Target (before the open Tuesday). President Trump’s tariffs on Canada, Mexico and China are due to start on Tuesday, which if they happen are likely to see retaliatory tariffs initiated on the US. Then to top it all off, Federal Reserve Chairman Jerome Powell is speaking on Friday (1730 GMT). The topic, the US economic outlook. Wow! There is, of course, always the potential for unscheduled social media comments from President Trump to factor into the volatility mix, like those last night which sent crypto markets sharply higher for a period, as well as updates on the geo-political situations in Ukraine and the Middle East. Being prepared is important, and that includes knowing the chart levels and trends as we look at the US 500 this morning. Technical Update: Friday's Recover in Focus It has certainly been a sharp sell-off in the US 500 index since the all-time high was registered at 6144 on February 19th. However, it’s probably too early to tell if this represents the first signs of a negative sentiment shift, or as has been the case previously, dips in price are being used as an opportunity to buy a market still within an uptrend. Potential Support Levels: The basic definition of an uptrend in price, is a pattern of higher highs and higher lows. This reflects buyers are not only using price weakness as a buying opportunity but are also willing to pay a higher price. It could be argued this suggests positive sentiment has been evident. While this is no guarantee that this is still the case in the US 500 index, looking at the chart above, this type of positive pattern has been in place since the sell-off in price to the August 5th 2024 low at 5089. So far at least, the current US 500 index level remains above 5757 which was the January 13th 2025 last correction low of the uptrend pattern, and traders may be watching this level, feeling it might be pivotal for the next trending pattern. If closes materialise below 5757 over the coming days or weeks, traders may start to feel risks are turning towards a deeper retracement of the August 2024 to February 2025 price strength, with the 38% retracement level of that move providing a potential support focus at 5741, the 50% retracement at 5616, and the 62% point at 5491. Potential Resistance Levels: That said, while the January 13th low at 5757 continues to hold any price weakness, it is possible the uptrend pattern in price remains in place. If that’s the case, knowing what resistance levels might be worthwhile monitoring could be helpful. As the chart above shows, last Friday did see a rally as a reactive recovery to the recent sharp sell-off. These recovery themes are so far being developed further this morning, with the index currently trading above 5952. This level is equal to the 38% retracement of the February price decline. Now, this price break above this first retracement resistance level does need to sustained on a closing basis, but even then, traders may well focus on a possible higher resistance at 6025/37, which is equal to the 62% retracement and matches the current level of the declining Bollinger mid-average. It is possible closing breaks above this resistance area are needed to suggest the potential of a more extended phase of price strength, even extension of the current uptrend pattern. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:US500
by Pepperstone
Potential bullish rise?WTI Oil (XTI/USD) is falling towards the pivot and could bounce to the 1st resistance level. Pivot: 68.82 1st Support: 66.66 1st Resistance: 73.03 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
Idea No. 1 for the spotNear protocol, the price has been rising for 186 days and already 327 days in a sideways correction. The correction phase is in the form of ABC waves, but it is very tedious. If we consider the Elliott waves, there is nothing except the first and the current second, we can suggest the third one, but then we are waiting for a bull of incredible size. What at the moment gives us the idea to buy? - touching the support zone - RSI is almost oversold. - A future possible bullish MACD crossover. - ADX is about to show a trend, but the decline has already happened. What about the fundamentals ? Basically strong asset, in top 30. MС 4.44B, good volume and liquidity. It is clear that when the asset was 20$, tokens were 2 times less and capitalization was 12B, but 3 years passed and volumes increased everywhere, liquidity became more, cellular ETF and retail funds broke into our chat + in addition the US president launched his meme. So seeing a $15 price with MС 18B in the next quarter or two is not hard to see. If we talk about ATN update, it's a breakdown of MС 25B and a shift to about 9th place of the top, this is quite realistic, but still more likely there will be an extensive liquidity inflow into other projects as well. Consider your risks DYOR Translated with DeepL.com (free version)
Long
by charyyevn
USDJPY - Bullish Continuation in Play?OANDA:USDJPY currently trading within an ascending channel, indicating a prevailing bullish trend. The pair has broken above a key resistance zone and may now pull back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation. If buyers confirm support at this level, the price is likely to move upward toward the 151.700 level, which aligns with the upper boundary of the channel. Conversely, a failure to hold support could signal a potential bearish shift. Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions. Let me know your thoughts or any additional insights you might have! 🚀
Long
by DanieIM
1
EURJPY Bullish Breakout: Targeting 300 Pips Toward 161.500EURJPY is currently trading at 157.500, having completed a falling wedge breakout and now holding above a key support level. The falling wedge is a strong bullish reversal pattern, indicating that after a period of consolidation, buyers are stepping in to drive the price higher. If this support holds, EURJPY could gain further momentum, targeting the 161.500 level for a potential 300-pip move. From a technical perspective, the breakout has already been confirmed, and price action suggests that bulls are in control. A strong hold above support, along with increased buying pressure, could push EURJPY toward its next resistance zone near 161.500. Traders should watch for bullish candlestick formations and volume confirmation to strengthen the breakout scenario. On the fundamental side, the euro’s strength against the yen is largely driven by monetary policy divergence between the European Central Bank (ECB) and the Bank of Japan (BoJ). The ECB remains relatively hawkish, while the BoJ continues its ultra-loose monetary policy, keeping the yen weak. Additionally, risk-on sentiment in global markets tends to favor EURJPY upside. In summary, EURJPY has broken out of a falling wedge and is holding above a critical support level, with bullish momentum building. If this level remains intact, the pair could see a 300-pip rally toward 161.500. Traders should monitor price action, volume, and any shifts in ECB or BoJ policy for further confirmation of the bullish trend.
Long
by AndrewsMarket-Mastery
1
From $110K to $66K? The Political Game Behind BitcoinBitcoin's surge from $73,000 to $110,000 was purely driven by political factors and Trump's statements. However, after Trump took office, the market was waiting for a stimulus to continue its bullish rally. With Trump's silence and the start of a trade war, sellers took control, leading to a 30% correction from the all-time high. 🚨 Key question: What happens next? 🚨 📉 If Bitcoin doesn’t receive further political support from Trump, we could see a drop below $73,000, possibly even $66,000! Is this a buying opportunity or a warning sign? Let me know your thoughts! 👇💬🚀
Short
by Market-Analyzer
2
Gold rebound is weak! The main short position is still thereGold rebounds weakly, short-selling main force is still seizing the opportunity to cover Although gold rebounded slightly in the short term, the fundamental negatives continue to ferment! Gold failed to effectively break through 2892Nearby Areas ，many times during the rebound, so gold is still in a weak position. If there is no special news affecting the market, gold will continue to fall after consuming a certain amount of bullish energy, and may even fall to the 2870-2860 area, so in terms of trading, we can temporarily maintain the attitude of shorting gold. The short trend has not changed, and the rebound is an opportunity to increase positions! The downward space of gold is far beyond expectations. When most people are afraid, it is the time for shorts to be greedy. Miss the first wave of decline? The second wave of short dividends will be doubled!Brothers, are you bearish on gold like me? If you want to know more detailed trading ideas and get more trading signals, you can choose to join the information at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by TP_Daniel
Closing my Selling order with ProfitAs discussed throughout my Friday's session commentary: "My position: My Selling order has been closed automatically (#2,892.80 - #2,872.80) with Take Profit hit and left me without any orders. As Gold delivered decline in continuation throughout Asian session, I have missed #2,872.80 - #2,852.80 benchmark extension (currently #3-Week Low's test) however I don't mind since my returns for current weeks are excellent. I have stated potential of #2,892.80 - #2,900.80 Support now turned to Resistance zone, as long as it preserves Selling bias and reverses each Bullish reversal, Price-action within or below is Bearish. Keep in mind that as long as we Trade below the mentioned zone, #2,852.80 benchmark break-out has more chances to be delivered rather than #2,900.80 benchmark. Keep Selling every High's on Gold with #2,900.80 Top's however if #2,852.80 benchmark gives away, #2,827.80 is next contact point to monitor." I have closed my Selling order (#2,852.80 - #2,835.80) throughout Friday's session delivering fine #17-point Profit, extending my results range to #142 Profits and #24 Stop-hits regarding December #2023 - March #2025. Quick update: Gold is Trading within Neutral waters and it is question now which side will prevail. I am in excellent position currently, Highly satisfied with my Profits without urge to Risk more on ranging market. Either #2,892.80 - #2,900.80 gets tested, or #2,852.80 benchmark. If Resistance zone rejects the Price-action, I will Sell Gold there on spot Targeting #2,852.80 benchmark once again. If however #2,900.80 gets invalidated, Short-term Bullish bias is restored.
OANDA:XAUUSDLong
by goldenBear88
EUR/USD: Bearish Outlook – Targeting 1.03630 & Below 📊 Market Structure & Key Levels EUR/USD is currently rejecting a key supply zone (1.0450 - 1.0480), showing strong signs of continued downside pressure. The pair is in a bearish trend, with price action confirming lower highs and lower lows, as seen in the Prime Market Terminal charts. 📉 Key Levels to Watch: Supply Zone: 1.0450 - 1.0480 (Strong resistance & liquidity zone) Demand Zone: 1.03630 - 1.03219 (Institutional liquidity target) Extended Bearish Target: 1.02687 (Deep liquidity grab area) 🔍 Trade Setup: Bearish Bias Towards Key Support Levels 📌 Entry: Sell between 1.0450 - 1.0480 🎯 TP1: 1.03630 (Liquidity Zone) 🎯 TP2: 1.03219 (Institutional Liquidity Grab) 🎯 TP3: 1.02687 (Extended Downside Target) ❌ SL: 1.05150 (Above Key Resistance) 📉 Why This Trade? (Prime Market Terminal Analysis) ✔️ Bearish Market Structure – The 1D & 4H trend remains bearish, confirming a downward trajectory. Supertrend is bearish, and price is trading below the 72 EMA & 288 EMA, showing weak bullish momentum. ✔️ Liquidity Targets Identified – Market depth analysis from Prime Market Terminal reveals a lack of strong buy orders above 1.0450, suggesting that sellers dominate. ✔️ Volume Profile Analysis – The visible range (VPVR) highlights a high-volume node at 1.03630, making it a strong area for price to seek liquidity. ✔️ Commitment of Traders (COT) Data – Institutional positioning indicates an increase in short contracts for the EUR, aligning with the bearish trend. ✔️ Order Flow & Market Depth – Prime Market Terminal shows institutional sellers stacking sell orders at 1.0450, while liquidity pools rest below 1.03630 and 1.03219, making these ideal targets for price. 📰 High-Impact News to Watch ⚠️ HICP Flash Inflation Data (EUR - March 3, 2025) – Any deviation from expectations could drive EUR volatility. ⚠️ ISM Manufacturing PMI (USD - March 3, 2025) – A stronger-than-expected report could strengthen USD and drive EUR/USD lower. ⚠️ Fed's Musalem Speech (March 3, 2025) – A hawkish stance could accelerate EUR/USD downside pressure. 📌 Final Thoughts: Follow the Trend & Manage Risk! EUR/USD remains firmly bearish, with liquidity resting below 1.03630. The confluence of institutional positioning, bearish trend confirmation, and market depth insights support a sell bias. Watch price action at key levels and manage your risk accordingly! 🔥 What’s your bias? Drop your thoughts in the comments! 🔥
Short
by LDForex_