SPX500USD Will Move Lower! Short!
Here is our detailed technical review for SPX500USD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 5,757.1.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 5,713.4 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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Signals
Lingrid | EURUSD pullback After an IMPULSIVE SurgeFX:EURUSD market reached the November high area and is currently testing last week's high as well. On the weekly timeframe, the price has formed a large bullish candle, indicating an impulse leg. Typically, after such a move, prices tend to make a sharp drop. Given the presence of both the weekly and November highs above, I think the market may struggle to move higher. I expect a more oscillating phase below the resistance. On the 4H timeframe, the price has formed a higher high; however, there is a bearish divergence that supports the idea of a corrective move in the market. I expect a short-term pullback from the resistance zone. My goal is support zone around 1.07000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBPUSD Retracing Before the Next Bullish Wave
GBPUSD is currently experiencing rejection from a key resistance zone between the 0.5 to 0.618 Fibonacci retracement levels, around 1.288. This suggests that the pair is undergoing a healthy correction before resuming its bullish trend. A small retest to the downside could provide buyers with a better entry point before the next strong upward move. If support holds around 1.260, GBPUSD may gather momentum for another bullish rally.
Fundamentally, the pair remains supported by recent market sentiment favoring the British pound. Positive economic data from the UK and expectations around the Bank of England's policy stance could provide further upside pressure. Meanwhile, the U.S. dollar's strength or weakness will also play a crucial role, particularly as traders anticipate upcoming Federal Reserve decisions and inflation data. Any signs of economic slowdown in the U.S. could push GBPUSD higher.
From a technical perspective, traders should closely watch the 1.260 level as a potential retest zone. If this level holds, we could see renewed buying pressure targeting new highs beyond 1.288. A breakout above this resistance could accelerate gains, opening the door for further bullish movement. Keeping an eye on market volume and price action at key Fibonacci levels will be crucial for identifying the best trade opportunities.
SOYBEAN at Key Resistance Level – Will Sellers Take Control?FOREXCOM:SOYBEAN has reached a significant resistance level. This level has consistently acted as a key area of interest where sellers regained control, leading to prior reversals. If the price action confirms a rejection, I anticipate a move downward toward the 1,030 level.
However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area.
Proper risk management is essential, given the possibility of price breaking higher. If this analysis resonates with you or you have a different perspective, feel free to discuss in the comments!
Fatigue in EUR/USD: Time to Sell the Rallies?Last week, EUR/USD saw an explosive rise, breaking above my 1.06 target and even surpassing the next resistance at 1.08.
However, signs of fatigue are emerging, and there appears to be significant selling liquidity around the 1.09 level.
With the DXY currently in a support zone and potentially set for an upward reversal, I expect EUR/USD to decline and correct its 500-pip rally.
A break back below 1.08 would confirm this scenario, potentially leading to a test of the 1.06 zone.
Selling rallies near 1.09 could offer a favorable risk-reward opportunity.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Pullback to 85K for sellingMorning folks,
So, everything goes with the plan - nothing to change on major picture. We keep our bearish view on BTC and now consider 68-74K area as the next destination point. But this could take a few weeks.
In fact, previous 68K top also will be a big test. Downside break will open road to 52-55K. While if BTC will be able to stay in 70-80K range, it will keep long term bullish context. It should be interesting...
Meantime, BTC once again hits oversold areas as on weekly as on daily charts. As we promised - D. Trump verbal boost lasted just 2 days and was reversed down. We see some intention market manipulations from D. Trump administration but this is not the subject for this update.
In short-term - 2-3 days BTC needs to relief oversold pressure, so minor bounce is quite possible. For example, based on "222" pattern on 1H chart we could see attempt to bounce up from 79K and up to 84-85K area.
Those who wants to sell - that might be the chance.
For now I mark this update as bullish, because of suggested bounce. But our longer term view remains bearish still.
GOLD falls slightly as Dollar recovers, news, main trendsOANDA:XAUUSD has just dropped to around $2,912/ounce, down nearly $10 from the intraday high of $2,918/ounce reached earlier in the session.
The recovery of the US Dollar can be seen as the current pressure causing gold prices to slightly decline from the intraday high.
Overview of data and event news
The Labor Department report showed the U.S. economy added 151,000 jobs in February, compared with economists polled by Reuters who expected a gain of 160,000, and the unemployment rate was 4.1%, compared with expectations of 4%.
Federal Reserve Chairman Jerome Powell said early Friday that the Fed would take a cautious approach to easing monetary policy, adding that the economy “remains in good shape.”
While gold is a hedge against inflation, rising interest rates could reduce the appeal of non-yielding bullion.
The market is now expecting the Fed to continue cutting interest rates starting in June, with a total of 76 basis points of interest rate cuts over the rest of the year.
Market attention is focused on the upcoming Federal Reserve meeting. In addition, inflation reports and retail sales data will also provide additional guidance for market trends in general and the gold market in particular.
On the daily chart, gold is generally still in the accumulation phase with the positioning conditions tilted towards the upside.
The short-term trend is highlighted by the price channel, while the nearest support is the EMA21 and the technical level of 2,900 USD. At the raw price point of 2,900 USD, it also created significant price increases in the last 2 days of the weekend.
The relative strength index is facing some resistance from the 61 level noted in the previous issue, where once the RSI breaks this level it will continue to head towards the oversold zone which is a signal that will facilitate the possibility of gold price increasing in terms of momentum.
In the coming time, as long as gold remains above 2,900 USD, it will still tend to be bullish in the short term, and the target continues to be the all-time high or higher.
The notable technical price points will be listed as follows.
Support: 2,900 – 2,880 – 2,868 USD
Resistance: 2,929 – 2,942 – 2,956 USD
SELL XAUUSD PRICE 2956 - 2954⚡️
↠↠ Stoploss 2960
→Take Profit 1 2948
↨
→Take Profit 2 2942
BUY XAUUSD PRICE 2877 - 2879⚡️
↠↠ Stoploss 2873
→Take Profit 1 2885
↨
→Take Profit 2 2891
Bearish Outlook for US500: Watching 5,200 SupportAfter testing support at the end of February, the US500 fell below this key level at the start of March, signaling the potential for a deeper correction.
In my view, this scenario is likely, and any rebound this week could present a good selling opportunity for speculators.
My target for this correction is the 5,200 support zone. A stabilization above 6,000 would invalidate this outlook.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GOLD → The calm before the NFP torm! What’s next?OANDA:XAUUSD is currently trading within the 2926 - 2894 range, signaling a pause after its recent strong uptrend. If a false support breakdown occurs, the market could quickly revert, especially amid signs of a recovering USD.
However, a weaker dollar and expectations of a Federal Reserve policy shift toward easing continue to support gold demand. Despite the temporary suspension of Trump’s tariff measures, the precious metal remains in focus as a safe-haven asset.
Traders are now closely watching the NFP report, which could dictate the dollar’s future trajectory and influence Fed policy decisions. In the short term, attention will be on Initial Jobless Claims data, which may provide early signals about the U.S. labor market.
Technical Outlook
-Gold remains within the 2926 - 2894 range, potentially testing liquidity near the 2894 support zone.
-An unfilled fair value gap (FVG) below 2894 could lead to a brief dip before a rebound.
-Given the bullish long-term trend in gold and the ongoing dollar weakness, the probability of a price recovery remains high.
In this scenario, gold may fake out a breakdown, grab liquidity near support, and then resume its broader uptrend.
Best regards, Bentradegold!
GBP-USD Will Keep Growing! Buy!
Hello,Traders!
GBP-USD is trading in an
Uptrend and the pair broke
The key horizontal level
Of 1.2855 which is now
A support and the breakout
Is confirmed so we are
Bullish biased and we
Will be expecting a
Further bullish continuation
Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AUD-CHF Local Long! Buy!
Hello,Traders!
AUD-CHF went down and
The pair made a retest of the
Horizontal support level
Of 0.5514 from where
We are already seeing a
Bullish rebound and we
Will be expecting a local
Bullish rebound
Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZD_CAD POTENTIAL LONG|
✅NZD_CAD is trading in a
Local uptrend and the made
A bullish breakout of the falling
Resistance line which is now
A support and the pair made a
Retest of the line and is already
Making a bullish rebound
So we will be expecting a
Further bullish move up
LONG🚀
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NZD-USD Risky Long! Buy!
Hello,Traders!
NZD-USD made a retest
Of the horizontal support
Level 0.5687 and we are
Already seeing a local
Bullish reaction so we
Are locally bullish baised
And we will be expecting
A further bullish move up
Buy!
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"EURNZD Bullish Momentum Continues: Next Wave After Retest"EURNZD has followed the predicted bullish momentum, currently trading at 1.89 and aiming for the 1.93 target. The pair remains strong within its uptrend, signaling continued buying pressure. However, a small retesting phase is likely before the next bullish wave, allowing the market to confirm support levels and attract further buyers. This setup aligns with the technical outlook, reinforcing the expectation of further upside movement.
A minor retracement or consolidation at current levels could offer a healthy correction, giving traders an opportunity to re-enter before the next surge. Fundamental factors, including recent economic data from the Eurozone and New Zealand, suggest a favorable scenario for EUR strength. If risk sentiment remains positive and the European economy continues showing resilience, EURNZD could gain further momentum toward the 1.93 target.
Traders should watch for confirmation signals such as increased volume, bullish candlestick formations, or breakouts from key resistance zones. If the pair successfully holds above its retesting level, the next leg of the rally could unfold, offering another profitable move. As always, proper risk management is crucial to navigate potential market fluctuations effectively.
GOLD MARKET ANALYSIS AND COMMENTARY - [March 10 - March 14]OANDA:XAUUSD have recovered strongly this week, rising from $2,858/oz to $2,930/oz before adjusting to $2,910/oz. The main reason is political tension when US President Donald Trump stopped military aid to Ukraine and threatened to sanction Russia if it did not negotiate a ceasefire. This increased instability, supporting gold prices. However, if Russia and Ukraine move towards peace negotiations, gold prices may face downward pressure in the short term, although the possibility is still low.
Furthermore, Mr. Trump’s move forced the European Union (EU) to launch a spending package of nearly 1 trillion euros to strengthen the defense of EU member states. This means that the EU’s budget deficit will become larger, leading to higher inflation and lower growth, thereby increasing the role of gold as a safe haven.
The US non-farm payrolls (NFP) figure for February came in at 151,000, slightly below the forecast of 159,000. The unemployment rate edged up slightly to 4.1% from 4% in January, but the labor market remains untroubled. As a result, the Fed may maintain its current interest rate. Fed Chairman Jerome Powell also stressed that the central bank is in no hurry to cut interest rates as the labor market remains strong and inflation risks remain high.
Rising inflation while the Fed maintains stable interest rates has caused real interest rates to fall, supporting gold prices. In addition, economic instability due to US tariff policies and the complicated developments of the Russia-Ukraine war have also increased the demand for safe haven gold. However, since most of the risks have been reflected in prices, gold may not increase sharply next week and there is a risk of correction due to short-term profit-taking pressure.
🕹SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK:
Inflation will be in focus next week as markets digest a number of key data on US prices and consumer spending. The most notable is the February CPI report on Wednesday, followed by the PPI on Thursday, and the University of Michigan consumer sentiment survey on Friday. Other key events include the US JOLTS jobs report on Tuesday, the Bank of Canada interest rate decision on Wednesday morning, and the US weekly jobless claims report on Thursday.
📌Technically, gold prices will fluctuate in a relatively narrow daily range next week with support at $2,890/oz and resistance at $2,930/oz. If gold prices rise above $2,930/oz next week, they could rise to $2,950/oz, followed by strong resistance at $3,000/oz. However, if gold prices are pushed below $2,890/oz next week, they could fall to the $2,835-$2,860/oz range.
Notable technical levels are listed below.
Support: 2,900 – 2,880 – 2,868USD
Resistance: 2,929 – 2,942 – 2,956USD
SELL XAUUSD PRICE 2976 - 2974⚡️
↠↠ Stoploss 2980
BUY XAUUSD PRICE 2809 - 2811⚡️
↠↠ Stoploss 2805
NAS100USD Will Go Higher! Buy!
Take a look at our analysis for NAS100USD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 20,175.5.
Taking into consideration the structure & trend analysis, I believe that the market will reach 21,410.0 level soon.
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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EURUSD Will Go Up! Long!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.082.
Considering the today's price action, probabilities will be high to see a movement to 1.093.
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.
Like and subscribe and comment my ideas if you enjoy them!
EUR-USD Correction Ahead! Sell!
Hello,Traders!
EUR-USD is trading in an
Uptrend and the pair is
Locally overbought so after
The retest of the horizontal
Resistance level of 1.0942
We will be expecting a local
Bearish correction
Sell!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR-CHF Local Long! Buy!
Hello,Traders!
EUR-CHF is retesting a
Horizontal support level
Of 0.9518 while trading
In an uptrend so we are
Bullish biased and we
Will be expecting a bullish
Rebound and a move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.