Lingrid | ADAUSDT ongoing BEARISH Pressure in the MARKETSBINANCE:ADAUSDT market initially tested the January highs before dropping, taking liquidity above. On the weekly time frame, a massive bearish engulfing candle has formed suggesting further bearish move. Given that we've recently witnessed a dead cat bounce in the markets, I believe the price may push lower towards the November low zone. I expect the market to consolidate a bit in this area before continuing its downward trend by breaking through the upward trendline towards the next liquidity zone below February low. My goal is support zone around 0.5266
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Signals
SPY S&P 500 etf Oversold on the RSI ! 2025 Price Target ! The SPDR S&P 500 ETF Trust (SPY) is flashing a major buy signal, with its Relative Strength Index (RSI) currently sitting at 28.33 — firmly in oversold territory. Historically, every time SPY has entered oversold levels on the RSI, institutional buyers have stepped in aggressively, driving sharp rebounds in the following weeks and months.
The last time SPY dipped below the 30 RSI threshold was during market pullbacks in 2022 and 2023 — both of which were followed by significant rallies as institutions capitalized on discounted valuations. The current setup is no different. With earnings growth stabilizing, inflation cooling, and the Federal Reserve signaling a potential shift toward rate cuts in the second half of the year, the backdrop for a recovery is aligning perfectly.
Technically, SPY is also approaching key support levels that have held strong in past market corrections. The combination of an oversold RSI and strong institutional appetite at these levels creates a compelling case for a bounce.
My price target for SPY by year-end is $640, representing over 15% upside from current levels. With sentiment stretched to the downside and technical indicators flashing green, SPY looks primed for a sharp and sustained rebound. Now could be the perfect time to position for the next leg higher.
CADCHF Approaching Key Support – Rebound Toward 0.61890?OANDA:CADCHF is approaching a key support zone, marked by strong buying pressure. This area has historically served as a demand zone, suggesting the potential for a bullish reversal if buyers step in.
The current market structure indicates that if the price confirms a rejection from this support zone, there is a high probability of an upward move. I anticipate that if buyers defend this level, the market may head higher toward the 0.61890 target, which represents a logical target within the current market structure. However, a break below this support would invalidate the bullish bias and could lead to further declines.
If you have any thoughts on this setup or see an alternative perspective, feel free to comment!
Lingrid | TRXUSDT Remains in a CONSOLIDATION PhaseAfter the recent sell-off, BINANCE:TRXUSDT market has been moving sideways within a downward channel. The price is consolidating below the key level of 0.25. Zooming out, we can observe that the price is forming a triangle pattern. I believe there is a possibility of a fake breakout at the channel boundary and resistance zone, which would likely lead to continued sideways movement. If a false breakout occurs at the resistance zone, I expect the price may move to lower levels, especially since this area coincides with the previous week’s highs from the last two weeks. My goal is support zone around 0.2250
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GOLD recovers and stays above $2,900, pay attention to CPI dataOANDA:XAUUSD rebounded, driven mainly by safe-haven flows as trade war concerns dampened market risk sentiment and markets focused on US inflation data.
TVC:DXY hit a four-month low, making gold more attractive. Meanwhile, the main event of the week is the US CPI report today (March 12), which could cause major market moves. Positive data could lead to a sharp sell-off in gold, while weak data could give the green light for further gains in gold.
CPI is expected to have risen 0.3% in February, according to a Reuters poll. The New York Federal Reserve's latest consumer expectations survey forecasts inflation at 3.1% over the next year, up slightly from 3% in January. Markets are now expecting the Federal Reserve to cut interest rates in June.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, in terms of trend, gold is still in the accumulation phase after recovering from the $2,880 level noted by readers in the previous editions and the break above the $2,900 level provides conditions for further testing of the $2,929 level in the short term.
For now, gold is still trading around the EMA21 and is still in a consolidation state, but in terms of technical conditions, it is more likely to increase in price. With the price channel as a short-term trend, and the RSI activity above 50, quite far from the overbought zone, it shows that the bullish momentum is still ahead.
However, the technical chart still needs a strong impact to break the current accumulation structure. And during the day, the notable positions will be listed as follows.
Support: 2,900 - 2,880 USD
Resistance: 2,929 - 2,942 USD
SELL XAUUSD PRICE 2961 - 2959⚡️
↠↠ Stoploss 2965
→Take Profit 1 2953
↨
→Take Profit 2 2947
BUY XAUUSD PRICE 2899 - 2901⚡️
↠↠ Stoploss 2895
→Take Profit 1 2907
↨
→Take Profit 2 2913
WHEAT Approaching Key Support - Will Price Rebound to 550$?PEPPERSTONE:WHEAT is approaching a key support level, an area where buyers have previously shown strong interest. The recent bearish movement suggests that price may soon be testing this level, potentially setting up for a rebound.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would strengthen the case for a move higher. If buyers step in, the price could rally toward the 550$ target. However, a decisive breakdown below this support would invalidate the bullish scenario and could lead to further downside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Best of luck , TrendDiva
USD-JPY Swing Long! Buy!
Hello,Traders!
USD-JPY has made a retest
Of the horizontal support
Of 146.540 and we are already
Seeing a bullish rebound
From where we will be
Expecting further move up
Buy!
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SILVER Bullish Breakout! Buy!
Hello,Traders!
SILVER is trading in an uptrend
And the price made a bullish
Breakout of the key horizontal
Level of 3266$ and the brekaout
Is confirmed so we are bullish
Biased and we will be expecting
A further bullish continuation
Buy!
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EUR-GBP Resistance Ahead! Sell!
Hello,Traders!
EUR-GBP keeps growing in
A strong uptrend but the pair
Is already overbought so after
It hits a horizontal support
Level of 0.8473 we will be
Expecting a local bearish correction
Sell!
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GBP_USD WILL GO UP|LONG|
✅GBP_USD is trading in an
Uptrend and the pair made
A bullish breakout of the key
Horizontal level of 1.2850
Which is now a support
Then made a retest and is going up
Now so we are bullish biased
And we will be expecting a
Further move up
LONG🚀
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USDJPY Falling Wedge Breakout: 300 Pips Bullish Move AheadUSDJPY is currently trading at 147.50, having recently broken out of a falling wedge pattern, a strong bullish reversal signal. After the breakout, the pair has completed its retesting phase, confirming support at lower levels. With bullish momentum building, we now expect an upward move toward the 152.50 target, implying a 300 pips gain from current levels.
From a technical analysis perspective, the falling wedge is a well-known bullish continuation pattern, indicating that sellers have weakened and buyers are stepping in. Now that the retest is complete, the next key resistance levels to watch are 149.50 and 151.00, with 152.50 being the final target. Support levels are now formed at 146.50 and 145.80, where buyers could step in if any short-term pullback occurs.
On the fundamental side, USDJPY is influenced by Federal Reserve and Bank of Japan monetary policy differences. The Fed's hawkish stance and rising U.S. Treasury yields continue to support USD strength. Meanwhile, the Bank of Japan's ultra-loose policy keeps the yen weaker, allowing the bullish USDJPY momentum to continue. Additionally, risk sentiment and global economic trends favor the dollar as a safe-haven asset.
With the falling wedge breakout confirmed and fundamentals supporting further gains, USDJPY looks poised for a strong bullish rally. Traders should monitor volume and price action for confirmation, as a push above 149.50 could accelerate the move toward 152.50. This setup presents a great opportunity to capture a high-probability trade in the coming sessions.
XAUUSD Bullish Pennant Breakout: Gold Aiming for 3020XAUUSD is currently consolidating around 2920, forming a **bullish pennant pattern**, a strong continuation signal indicating potential upside momentum. Gold has been in a steady uptrend, and this consolidation phase suggests that the market is gathering strength before the next move. A breakout above the pennant resistance could push prices toward the psychological level of **3000**, with an extended target of **3020**.
From a technical perspective, a **bullish pennant** is characterized by a brief consolidation after a strong rally, typically leading to another upward surge. If gold **breaks out with strong volume**, it could confirm further bullish momentum. **Key resistance levels** to watch are 2950 and 2970, while **strong support levels** are at 2900 and 2880. A successful breakout could attract more buyers, fueling a strong rally toward the **3020 level**.
On the **fundamental side**, gold remains well-supported by **geopolitical tensions, central bank gold purchases, and expectations of Federal Reserve rate adjustments**. If economic uncertainty increases or the Fed signals a more dovish stance, gold prices could gain further momentum. Additionally, a weaker **U.S. dollar and falling bond yields** could add fuel to the bullish case for XAUUSD.
In conclusion, XAUUSD is forming a **bullish pennant**, signaling a potential breakout toward 3020. **Traders should watch for volume confirmation and breakout signals above resistance levels** to enter positions strategically. If the breakout is confirmed, we can expect gold to gain further strength, presenting a great buying opportunity for traders.
NAS100USD Will Move Lower! Short!
Please, check our technical outlook for NAS100USD.
Time Frame: 45m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 19,535.5.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 19,253.5 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GOLD Is Bearish! Sell!
Here is our detailed technical review for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2,913.555.
The above observations make me that the market will inevitably achieve 2,859.750 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURUSD Is Very Bullish! Buy!
Take a look at our analysis for EURUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.090.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.100 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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SUI’s Wild Ride – Finding the Next Long Trade SetupSUI had an incredible 2024, skyrocketing +1060% in just 154 days. The price peaked at the psychological $5 mark, where multiple rejections signaled a momentum shift. By the end of January 2025, the trend turned bearish, leading to a sharp correction.
Trend Shift & Momentum Analysis
I've been working on a new trend identifier indicator that helps spot trends, allowing traders to identify swing trade opportunities and manage their positions effectively. This indicator clearly highlighted the momentum shift, confirming the bearish turn and the sharp price drop that followed.
Key Support Zones & Confluences
Now that the bearish trend is in play, the focus is on identifying a solid long opportunity:
Point of Control (POC) from Previous Trading Range (~$2) – A major psychological level that many traders are watching
Trend-Based Fibonacci Extension (1:1) at $2.0373 – Adding confluence to this critical support area
Fib Speed Fan (0.75 Level) – Aligns with the $2 region, reinforcing support
Anchored VWAP (~$1.885) – From the 2023 lows, acting as an additional support zone
What’s Next for SUI?
The market is in search of a strong support level where bulls can regain control. Let’s see if we find support at the $3 mark. The $2 zone stands out as a prime area for a potential long entry, given the multiple technical confluences. If price reaches this level, we’ll be watching closely for confirmation of a bullish reversal.
Final Thoughts
SUI has had an extraordinary run, but corrections are natural in strong trends. The key now is to see where price stabilises and if the bulls can make a strong comeback. Time will tell how this plays out, but for now, $2 is a level to keep an eye on for a potential long setup.
BTW: I've just launched a FREE TradingView indicator – Multi Timeframe 8x MA Support & Resistance Zones. It helps visualise key support and resistance levels across different timeframes. Check it out and let me know your thoughts!
GBPCHF Will Go Up From Support! Long!
Here is our detailed technical review for GBPCHF.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.132.
The above observations make me that the market will inevitably achieve 1.137 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NVIDIA 9-month Channel Up bottomed! Is it a buy??NVIDIA Corporation (NVDA) has been trading within a Channel Up pattern for almost 9 months (since the June 20 2024 High). The correction since the start of January is technically the pattern's Bearish Leg and yesterday it hit the bottom (Higher Low trend-line).
Last time it did so was on August 05 2024 and an instant rebound followed. That was also the time the 1D RSI was on the 34.00 Support, just like today. In fact every time in the past 11 months that this RSI Support was tested, the price rebounded aggressively by at least +26.85%.
Since the previous Higher High rebound peaked on the 1.236 Fibonacci extension, our Target on the medium-term will be $164.00.
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GOLD recovers to trade around $2,900, still has a lot of supportOANDA:XAUUSD has stabilized and recovered after falling more than $20 yesterday and is now trading around $2,900. Earlier, investor concerns about a US economic slowdown caused a broad decline in stocks and commodities, dragging down precious metals, especially gold.
OANDA:XAUUSD held above $2,880 after falling nearly 1% on Monday. US President Donald Trump said over the weekend that the US economy could get worse before it gets better and that he was adjusting trade policy through tariffs, fueling market concerns about a possible economic recession.
When broader financial markets take a hit, investors may sell gold to cover losses in other assets, causing the price of gold to fall in the short term. Gold prices have rallied 10% so far this year, hitting a new high. The rally has been fueled by uncertainty surrounding the Trump administration’s policies, central bank purchases of gold, and expectations that the Federal Reserve could cut interest rates further. Lower borrowing costs typically benefit non-yielding assets like gold.
While rising gold prices have dented physical demand in some major Asian economies, inflows into gold ETFs have remained steady. Holdings of gold ETFs hit their highest level since December 2023 as of last week, according to data compiled by Bloomberg.
Investors had begun to reduce their exposure to gold ahead of Monday’s sharp market sell-off. Hedge funds’ long gold positions fell to their lowest in nine weeks, according to the latest data from the U.S. Commodity Futures Trading Commission (CFTC).
While this correction appears to be broad-based, the underlying forces will still be a solid support for gold's upside potential, from the geopolitical landscape to Trump's policies creating global trade conflicts to expectations of Fed rate cuts. Overall, gold still has a lot of support.
Markets focus on US inflation data and Fed policy expectations
Investors are now focused on upcoming US inflation data to gauge whether the Federal Reserve will cut interest rates further:
US Consumer Price Index (CPI) – due on Wednesday
US Producer Price Index (PPI) – due on Thursday
Traders are now fully pricing in the possibility of a Federal Reserve rate cut in June. Federal Reserve Chairman Jerome Powell said on Friday that it is not yet known whether the Trump administration’s tariff policies will lead to higher inflation.
In general, lower interest rates increase the appeal of gold because it is a non-interest-bearing asset, making it cheaper to hold than other assets.
OANDA:XAUUSD Technical Outlook Analysis
On the daily chart, after gold fell to the support level noted by readers in the previous issue at 2,880 USD, it received support to recover, currently trading around 2,900 USD.
A break above the 2,900 USD price level would be considered a positive signal with the next target being the EMA21 area, followed by 2,929 USD rather than 2,942 USD.
In the short term, gold has not yet shown a specific trend when entering the accumulation phase, which is described by 2 green trend lines. But in the medium and long term, the possibility of price increase is still very good when in terms of momentum, the Relative Strength Index RSI is still above 50.
During the day, gold is in the accumulation phase with the main trend leaning towards price increase, the notable positions will be listed as follows.
Support: 2,880 - 2,868 USD
Resistance: 2,900 - 2,929 - 2,942 USD
SELL XAUUSD PRICE 2908 - 2906⚡️
↠↠ Stoploss 2912
→Take Profit 1 2900
↨
→Take Profit 2 2894
BUY XAUUSD PRICE 2857 - 2859⚡️
↠↠ Stoploss 2853
→Take Profit 1 2865
↨
→Take Profit 2 2871
DOW JONES Can the 1W MA50 hold and spark an end-of-year rally?Dow Jones (DJIA) has been trading within a Channel Up pattern since the late July 2023 High. The decline of the last 30 days can be technically seen as the Bearish Leg that will price its new Higher Low bottom.
The price isn't only close to the Channel's bottom but also the 1W MA50 (blue trend-line), a level that has been supporting since the October 30 2023 bullish break-out. As a result, a 1W MA50 hit will be a potential double support test, with the 1W RSI also printing a Bearish Leg similar to the one that led to the October 2023 bottom.
On the other hand, the ranged price action since the late November 2024 High, resembles the sideways volatility of the first half of 2024. Both were initiated after Higher High pricings at the top of the Channel Up. The rallies that led to those tops have been +21.00% and +23.72% respectively.
If there is a decreasing rate on each Bullish Leg, then the new one should be +17.30% (i.e. -3.30% less than the previous one), which falls marginally below the 1.5 Fibonacci extension, which is where the November 2024 High was priced.
As a result, as long as Dow is closing its 1W candles above the 1W MA50, the 2-year Channel Up is more likely to push upwards again for its new Bullish Leg, potentially targeting 48900 (+17.30%).
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