USD/CAD trend at the beginning of the week - up or down?USD/CAD news:
🔆USD/CAD is currently at the resistance level of 1.4230 as the USD shows signs of rebounding in the US trading session. However, the outlook for the US dollar is weakening as the possibility of a Fed rate cut increases. The weakness of this pair is due to the weaker US dollar following the gloomy US economic data.
🔆In addition, the US 10-year bond yield is still maintaining its bearish momentum. With a decrease of 0.38% on the day
Personal opinion:
🔆USD/CAD is still maintaining its bearish momentum. The 1H chart is forming a Bearish Flag. The bearish flag pattern shows that many investors are taking profits after holding back the sell-off. When enough accumulation, the sellers will gather strength to push the price out of the lower price channel, pushing the price back to the old trend.
Plan:
🔆 Price Zone Setup:
👉Sell USD/CAD 1.4228– 1.4248
❌SL: 1.4290| ✅TP: 1.4180 – 1.4140 – 1.4100
FM wishes you a successful trading day 💰💰💰
Shortsetup
USD/JPY Upcoming Trend - Bearish?USD/JPY news:
🔆The USD/JPY pair climbs to around 149.80 during North American trading hours on Monday, driven by a weaker Japanese Yen (JPY) as 10-year Japan bond yields undergo a slight correction. The 10-year Japanese Government Bonds (JGBs) decline to approximately 1.41% from 1.45%, the highest level in nearly 15 years.
🔆Despite this, expectations that the Bank of Japan (BoJ) will raise interest rates again this year continue to support the Yen. Additionally, hotter-than-expected National Consumer Price Index (CPI) data for January has reinforced speculation that the BoJ may tighten its monetary policy further.
🔆On the US Dollar (USD) side, a strong rebound follows its drop to a nearly 12-week low. Weak US private business activity data has led to increased dovish bets on the Federal Reserve (Fed), with the probability of a rate cut in June rising to 58% from around 50% a week ago, according to the CME FedWatch tool.
Personal opinion:
🔆The USD/JPY pair is still maintaining a downtrend in the medium term, besides the support for JPY from fundamental factors, technical analysis according to the trend line combined with Fibonacci levels and important resistance - support levels shows a clear downtrend, there is no sign of a reversal from USD
Plan:
🔆 Price Zone Setup:
👉Sell USD/JPY 149.50 – 149.70
❌SL: 150.15 | ✅TP: 148.80 – 148.20 – 147.60
FM wishes you a successful trading day 💰💰💰
#1000RATSUSDT maintains bearish momentum📉 SHORT BYBIT:1000RATSUSDT.P from $0.01823
🛡 Stop Loss: $0.01855
⏱ 15M Timeframe
✅ Overview:
➡️ BYBIT:1000RATSUSDT.P is in a downtrend after rejecting the descending trendline, confirming buyer weakness.
➡️ Volume Profile suggests that the main liquidity (POC) is positioned at $0.01938, reinforcing selling pressure.
➡️ The Head and Shoulders pattern strengthens the bearish case, and a break below $0.01823 will trigger further decline.
➡️ The main downside targets are in the $0.01800 – $0.01764 range, where profit-taking may occur.
⚡ Plan:
➡️ Short entry upon breaking $0.01823, confirming the bearish scenario.
➡️ Stop-Loss at $0.01855—placed above the nearest resistance to minimize risk.
➡️ Main targets: $0.01800, $0.01780, and $0.01764, where downside movement may slow down.
🎯 TP Targets:
💎 TP 1: $0.01800
🔥 TP 2: $0.01780
⚡ TP 3: $0.01764
🚀 BYBIT:1000RATSUSDT.P maintains bearish momentum — expecting further downside!
📢 BYBIT:1000RATSUSDT.P remains weak, and a breakdown below $0.01823 could accelerate the decline.
📢 Watch for price reactions near $0.01764, where a slowdown or bounce may occur.
DEEP - Finding The Next Trade SetupDEEP recently took out the January 13, 2025 low at $0.12345 with a Swing Failure Pattern (SFP), followed by a successful retest. This led to a bounce that hit a key level at $0.12141, presenting a solid long opportunity with minimal risk.
After this, the market turned bullish, forming a 5-wave structure and rallying to the 0.786 Fibonacci retracement level at $0.18643 (measured from the $0.20473 high to the $0.11922 low). This was a key take-profit zone for longs and a great short opportunity.
Adding confluence, the anchored VWAP also acted as resistance just above at $0.19, offering another low-risk short setup. Additionally, a key resistance level at $0.1809 further reinforced the rejection zone.
Current Price Action & Short Setup
From the 0.786 Fib retracement, DEEP retraced 20% downward, nearly touching the 0.618 retracement of the 5-wave structure before bouncing. Now, price is finding resistance at the golden pocket (0.618 at $0.17347 and 0.666 at $0.17534) of the recent drop, aligning perfectly with the daily 21 EMA ($0.1757) and daily SMA ($0.17347).
This setup suggests an ABC corrective move is forming.
Using the trend-based Fibonacci extension, the 0.786 extension aligns with the 0.618 retracement at $0.1457, creating a strong short setup.
Short Entry: Between $0.17347 - $0.17534
Target: $0.1457 (0.786 trend-based Fib extension / 0.618 retracement)
Stop Loss: $0.1845
Risk/Reward: 2.5:1
There’s also potential to extend the target to the 1:1 trend-based Fib extension at $0.13733, but this would depend on price action.
Potential Long Setup
If price reaches the $0.1457 support zone, this could present a high-probability long opportunity.
Entry: Around $0.1457
Risk/Reward: 2:1 or better, but confirmation is needed before executing the trade
XAU / USD, recovery at the beginning of the week⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) sees renewed buying interest during the Asian session on Monday but stays within its recent range near last week’s record high. Ongoing uncertainty over US President Donald Trump's trade tariffs and their global economic impact, coupled with broader risk aversion, supports the safe-haven metal. Additionally, geopolitical tensions and a weaker US Dollar further bolster demand for gold.
⭐️ Personal comments NOVA:
Gold price recovered positively at the beginning of the week, mainly sideways and accumulated below 2955
⭐️ SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2916 - $2918 SL $2911
TP1: $2920
TP2: $2925
TP3: $2930
🔥 SELL GOLD zone: $2952 - $2954 SL $2959
TP1: $2948
TP2: $2940
TP3: $2930
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
doge sell midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
egld setup"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
NVDA correction to $105-112 range- NVDA has completed it's motive wave 1-5 and currently is under corrective wave ABC.
- Within ABC leg, it's under the leg C where it will eventually find a bottom and then start fresh motive wave 1-5.
- Chart looks interesting and monitor carefully for the entry when it corrects!
USD/CAD Trend During US Trading SessionUSD/CAD news:
🔆The USD/CAD pair rose to 1.4200 during the European session on Friday, after hitting a three-day low of 1.4166. The pair gained momentum as the US dollar recovered, with the US Dollar Index bouncing back near 106.65 after hitting a yearly low of 106.30 the previous day.
🔆However, the greenback's recovery appears to be temporary, as its risk premium eases while investors assess US President Donald Trump's tariff policies
🔆On monetary policy, Federal Reserve officials kept interest rates at current levels, citing uncertainty over Trump's trade and tax plans.
🔆Investors are now awaiting Canada's December Retail Sales data and a speech by BoC Governor Tiff Macklem at an event in Mississauga, Ontario.
Personal opinion:
🔆The dollar continues to decline, mainly due to President Trump's unclear tariff policies. Although traders still believe that the Bank of Canada (BoC) will further loosen monetary policy.
Technical analysis:
🔆Based on important support - resistance and Fibonacci levels combined with SMA indicator
Plan:
🔆 Price Zone Setup:
👉Sell USD/CAD 1.4198 – 1.4215
❌SL: 1.4255 | ✅TP: 1.4160 – 1.4120 – 1.4080
FM wishes you a successful trading day 💰💰💰
USDJPY Next Trend - Continue to FallUSD/JPY news:
🔆BoJ's rate hike plan continues to push JGB yields higher, further underpinning the Japanese Yen. Markets weigh renewed US tariff talks, keeping the downside intact in the pair.
🔆The JPY is leading the currency run higher on the USD, with traders taking on board hawkish comments from BoJ policymaker Takata earlier this week and positioning for another jump in Japan’s rate of inflation which will support the outlook for moderately tighter policy."
🔆Japan releases CPI data tonight. January inflation expected to rise
Personal opinion:
🔆JPY will continue to increase in strength in the coming time, while the Dollar continues to decrease mainly due to the impact of the tariff policies that President Trump is implementing
Analysis:
🔆Based on the interest rate policies of BOJ and Fed combined with technical analysis (resistance - support zones and important Fibonacci levels)
Plan:
🔆 Price Zone Setup:
👉Sell USDJPY 150.00 -149.80
❌SL: 2976 | ✅TP: 149.30 – 148.70 – 148.00
#JAILSTOOLUSDT is showing weakness 📉 SHORT BYBIT:JAILSTOOLUSDT.P from $0.01194
🛡 Stop Loss: $0.01234
⏱ 15m Timeframe
🔹 Overview:
➡️ The price has broken a key support level and is trading below the POC zone ($0.01356), where the highest volume was accumulated.
➡️ A bearish trend is forming, with lower highs continuing to develop.
➡️ Selling pressure is increasing, indicating growing momentum from the sellers.
➡️ If selling activity persists, expecting further downside movement toward TP levels.
⚡ Plan:
➡️ Entering short below $0.01194, targeting profit at TP levels.
➡️ Expecting a breakdown confirmation and continuation of bearish momentum.
🎯 TP Targets:
💎 TP 1: $0.01152
📢 BYBIT:JAILSTOOLUSDT.P is showing weakness — preparing for further decline!
Next draw of liquidity: NzdUsd0.58083 is a weekly POI that have been respected before. I'm anticipating price to retest that zone again this week , hence anticipating the news (Existing Home Sales) by 10:00 New York time to push price to my point of interest and rejection kicks in.
Therefore this weekly candle might close with a rejection of that zone and next week would be bearish till we clear this week low 0.56779
I'm anticipating price to also clear previous week low (the monthly low) 0.55164 by next month.
Kindly boost if you find this insightful 🫴
RCI, Bear Flag On The Daily As Well As The 4hr Analyzing both the daily and 4-hour charts reveals a very prominent bear flag, which has formed following a steep decline. This pattern is often indicative of further downward movement, and it's hard to ignore the implications.
Word on the street is that they're currently in dire straits. Since the Shaw acquisition, they've hemorrhaged 11 billion in valuation. The situation is exacerbated by declining revenues and missed growth targets. In short, it's not looking promising.
If the trend continues downward, we might see the price testing the $19 USD mark sooner rather than later.
For those who are currently long on this or have any vested interest, it might be prudent to reconsider your position and cut your losses before it's too late.
SOL on the Slide: Is a Bounce from $150 in the Cards?Solana has been in a downtrend for over 30 days after reaching its ATH at $295.83. For the past two weeks, SOL was stuck in a trading range that formed a descending triangle (a bearish pattern) which eventually broke down, confirming the downtrend. Additionally, SOL lost its yearly support level at $189.31. Where is SOL heading next? Let's find out!
Key Support Zone
Our main long opportunity is around the $150 level, where several confluences align:
Fibonacci Levels:
The 0.5 fib retracement of the entire 5-wave structure sits at $151.92.
The 0.786 fib retracement from the 5th wave is at $149.77.
A fib extension 1.618 of the descending triangle is at $148.65, which is very close to the $150 mark.
Volume Profile:
The Point of Control (POC), highlighted by the red horizontal ray, is around $144, adding another layer of support.
Trade Setup
Currently waiting for SOL to reach the support zone between $152 and $144. An alarm is set when price nears these levels for a long opportunity.
NZD/USD Trend for Upcoming US FOMC MeetingNZD/USD news:
🔆The Reserve Bank of New Zealand (RBNZ) delivered a widely expected 50 basis point rate cut, reducing the Official Cash Rate (OCR) to 3.75%, in line with both previous expectations and the central bank’s previous guidance. However, the most notable dovish change came from the updated OCR guidance, which indicates a faster approach to the median 3% by year-end, now projected at 3.1% rather than the previous forecast of 3.6% in November. The revised trajectory suggests a further 50 basis point cut in the second quarter, likely split into two 25 basis point cuts in April and May, followed by a 25 basis point cut in the third quarter and a potenti
🔆Inflation forecasts point to a divergence between tradable and non-tradable goods. The RBNZ has revised its tradable goods inflation forecast upward, citing the depreciation of the NZD, rising oil prices and trade uncertainty. Meanwhile, non-tradable inflation is expected to continue to decline due to weak domestic demand and a cooling labour market. Growth forecasts remain subdued, with the output gap widening further into negative territory. The RBNZ believes the market reaction has been measured, as early easing has been priced in.
🔆While maintaining their final rate forecast at 3% for the end of the year, they revised their forecast to account for a further 25 basis point cut in Q2, bringing their Q2 end forecast to 3.25%, down from their previous estimate of 3.50%. Their Q3 forecast remains unchanged at a 25 basis point cut, taking the OCR to 3.00%, down from their previous forecast of 3.25%, with a possible pause until the end of the year. The risk remains that the RBNZ could accelerate the pace of easing if growth weakens further or slow the trajectory if inflation becomes more persistent.
Personal opinion:
🔆The USD is expected to strengthen after the FOMC meeting tonight, the NZD is currently being sold off after the Official Cash Rate announcement and is expected to continue to decline in the short term.
Technical analysis:
🔆Based on important resistance - support zones and trend lines combined with published basic economic information
Plan:
🔆 Price Zone Setup:
👉Sell NZD/USD 0.5700 – 0.5720
❌SL: 0.5760 | ✅TP: 0.5660 – 0.5610 – 0.5570
FM wishes you a successful trading day 💰💰💰
Attempt to find ATH again for the 3rd time - gold price down⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
US real yields, which move inversely to gold prices, rose 4.5 basis points to 2.086%, putting pressure on bullion.
Fed Governor Christopher Waller expects President Donald Trump's new trade restrictions to have only a minor effect on prices. Meanwhile, Philadelphia Fed President Patrick Harker reiterated his support for steady interest rates, noting that inflation remains high and persistent.
⭐️ Personal comments NOVA:
Gold returns to ATH 294x zone, 3rd attempt to create ATH but will continue to decrease, need more tax news in the near future
⭐️ SET UP GOLD PRICE:
🔥 SELL GOLD zone: $2942 - $2944 SL $2949
TP1: $2935
TP2: $2920
TP3: $2910
🔥 BUY GOLD zone: $2901 - $2899 SL $2894
TP1: $2906
TP2: $2915
TP3: $2925
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
#GNOUSDT remains weak after a strong drop📉 SHORT BYBIT:GNOUSDT.P from $181.40
🛡 Stop Loss: $186.50
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:GNOUSDT.P experienced a sharp rally above $210, followed by an equally strong pullback.
➡️ The POC (Point of Control) at $187.27 indicates the highest liquidity area, which serves as a strong resistance level.
➡️ Price is consolidating below $183.12, signaling potential seller dominance.
➡️ If $178.55 breaks downward, further decline toward $175.30 is expected.
⚡ Plan:
➡️ Enter short upon a confirmed break below $181.50.
➡️ Stop-Loss placed at $186.50, above the resistance zone.
🎯 TP Targets:
💎 Take Profit1- 178.55
🔥 Take Profit2- 175.30
🚀 BYBIT:GNOUSDT.P remains weak after a strong drop—expect further downside.
XAUUSD Trend in US Trading SessionGold News:
🔆US President Donald Trump has signed an order imposing reciprocal tariffs, saying: "Whatever tariffs they charge, we will charge." He added that there would be no tariffs if the product was made or manufactured in the United States and that tariffs on cars would soon follow in addition to steel and aluminum. This sent gold prices higher in Asian and European trading.
🔆The DXY index has fallen to its lowest level since January 27 and is showing signs of recovery.
🔆The World Gold Council (WGC) revealed that, following Trump's election victory, central bank gold purchases increased by more than 54% year-on-year to 333 tonnes, according to WGC data. Increased demand from central banks could put upward pressure on bullion prices.
Personal opinion:
🔆US 10-year Treasury yield maintains intraday gain (0.44%)
🔆Expectations that the US Federal Reserve (Fed) will maintain a dovish stance and keep interest rates high for longer could drag the non-yielding yellow metal lower.
🔆RSI shows DXY is entering oversold territory, which could lead to a short-term decline in gold prices
🔆Recent economic data has been positive for the US economy, so traders will be watching the release of US Retail Sales for January today to decide on the appropriate strategy
Plan:
🔆 Price Zone Setup:
👉Sell Gold 2968 -2970
❌SL: 2975 | ✅TP: 2963 - 2958 – 2950
👉Sell Gold 2943 -2945 (Scalping)
❌SL: 2950 | ✅TP: 2938 - 2932 – 2925
👉Buy Gold 2905 -2907
❌SL: 2899 | ✅TP: 2912 - 2918 – 2928
#IOUSDT remains under strong selling pressure📉 SHORT BYBIT:IOUSDT.P from $1.235
🛡 Stop Loss: $1.258
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:IOUSDT.P continues its downward movement, trading near the $1.235 level, which acts as a potential breakdown zone.
➡️ The highest liquidity area (POC) is at $1.41, significantly above the current price, indicating strong seller dominance.
➡️ The price has broken a key support level, confirming the bearish trend.
➡️ If the price consolidates below $1.235, further declines to target levels are expected.
⚡ Plan:
➡️ Enter short below $1.235 upon confirmation of bearish momentum.
➡️ Risk management through Stop-Loss at $1.258 to protect against sudden reversals.
🎯 TP Targets:
💎 TP1: $1.210
🔥 TP2: $1.185
🚀 BYBIT:IOUSDT.P remains under strong selling pressure, and a breakdown below $1.235 could accelerate the downward move.
#B3USDT remains weak—expecting further decline!📉 SHORT BYBIT:B3USDT.P from $0.007859
🛡 Stop Loss: $0.008012
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:B3USDT.P remains in a steady downtrend after retracing to the resistance level.
➡️ POC (Point of Control) at $0.00962 confirms seller dominance, and the current price trades below the high-volume area.
➡️ A break below $0.007859 opens the door for further downside as liquidity lies below.
➡️ If the price holds below this key level, a continuation of the decline is expected.
⚡ Plan:
➡️ Enter short below $0.007859 to confirm the bearish scenario.
➡️ Stop-Loss at $0.008012 to manage risk in case of an upward reversal.
🎯 TP Targets:
💎 TP1: $0.007610
🚀 BYBIT:B3USDT.P remains weak—expecting further decline!
📢 General advice on the asset:
Weak price action in BYBIT:B3USDT.P suggests continued downside potential. If the price breaks below $0.007859, it is likely to drop to $0.007610.
📢 However, a rebound above $0.008012 could lead to a short-term recovery.
Gold short term recovery, bulls try⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
US real yields, which typically move opposite to gold prices, fell by four basis points to 2.039%, providing support for XAU/USD.
Meanwhile, the World Gold Council (WGC) reported that central banks acquired over 1,000 tons of gold for the third year in a row in 2024. Following Trump’s election victory, central bank purchases soared by more than 54% year-over-year, reaching 333 tons, according to WGC data.
⭐️ Personal comments NOVA:
Short recovery at the beginning of the week, still in the accumulation process, no important news, gold is not affected too much
⭐️ SET UP GOLD PRICE:
🔥 SELL GOLD zone: $2916 - $2918 SL $2921 scalping
TP1: $2912
TP2: $2907
TP3: $2900
🔥 SELL GOLD zone: $2940 - $2942 SL $2947
TP1: $2930
TP2: $2920
TP3: $2910
🔥 BUY GOLD zone: $2878 - $2880 SL $2873
TP1: $2885
TP2: $2892
TP3: $2900
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account