USD-JPY Local Long! Buy!
Hello,Traders!
USD-JPY has fallen down
Sharply and the pair is
Locally oversold so after
It hits the horizontal support
Of 141.800 a local bullish
Correction is to be expected
Buy!
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Signals
AUD_USD WILL KEEP GROWING|LONG|
✅AUD_USD is trading in an
Uptrend and the pair made a
Bullish breakout of the key
Horizontal level of 0.6450
And the breakout
Is confirmed so as the pair keeps
Growing we will be expecting a
Further bullish move up
LONG🚀
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NZD-USD Short From Resistance! Sell!
Hello,Traders!
NZD-USD keeps growing
In an uptrend but the pair
Will soon hit a horizontal
Resistance of 0.6029 from
Where we will be expecting
A local bearish pullback
And a further move down
Sell!
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They Were 84% Short — Here's What Happened Next on GBPAUDThis is not just a simple breakout — this is what happens when data, price action, and psychology align with surgical precision.
Today, we entered a long position on GBPAUD directly from a well-defined weekly demand zone. The setup was already technically solid, but what made it exceptional was the alignment of multiple institutional-grade factors:
✅ Weekly demand zone respected to the pip, with proven historical sensitivity
✅ Change of structure on the H1 chart, confirming a short-term reversal from a deeply discounted area
✅ COT data showing a clear build-up of commercial long positions on the British pound
✅ AUD net positioning deep in negative territory, with declining open interest and no signs of reversal
✅ Retail sentiment: 84% of traders short on GBPAUD according to MyFxBook → strong contrarian signal
✅ Seasonality: GBP tends to outperform AUD during May and June
The result? A rapid and aggressive bullish impulse that allowed us to move the stop loss to break-even just a few hours after entry.
📌 Current trade status:
➤ Long from the demand zone
➤ SL at BE = zero risk
➤ Monitoring price action above 2.07 for potential continuation
🎯 Mid-term target zone: 2.1150–2.1300, with focus on liquidity clusters and previous inefficiencies as potential magnets.
This is how you build trades that are not just reactive, but proactive — based on multiple layers of confluence and edge, not on emotions or noise.
Stromm | GOLD Bullish Continuation in PlayIt’s good to see Gold OANDA:XAUUSD getting the attention it deserves again. But honestly, the performance it’s putting in right now is just insane.
If you zoom into the 4-hour chart, you’ll spot a clear Demand Continuation Pattern:
Rally → Base → Rally.
In simple terms: strong move up, sideways consolidation, strong move up again.
The first rally pushed Gold up 9.77% within a few days, followed by a sideways base, and then another 9.6% rally straight into the $3,500 mark.
With commodities like Gold, you really feel how powerful psychological levels are — $3,000, $3,500, $4,000 — all massive magnet zones where large investors naturally look to take profits.
Now, after tagging $3,500, we’ve pulled back.
If this Demand Continuation structure holds, here's how I see it playing out:
Inside the current base, there’s a 4-hour order block, and it’s the one I’m watching most closely.
Ideally, we get a push up into the 4h Balance Price Range between $3,336–$3,347, followed by a rejection that sweeps the Previous Weekly Low, tagging that 4h order block for a proper retest.
From there, a move toward the 8h Balance Price Range would be good.
Now, two possibilities:
Best case for bears: After retesting that 4h zone, we fall further — possibly targeting $3,050.
Sneaky scenario: We fake a drop to trigger stop-losses, push back up toward $3,510, then properly roll over.
On the monthly chart, it gets even more interesting:
Given the massive rejection off $3,500, I wouldn’t rule out a much deeper retracement toward $2,500–$2,000 before Gold makes another serious attempt at $4,000.
That would perfectly fit into a larger Elliott Wave structure, completing a Wave 3 or setting up a Wave 5 push later.
(And yes — catching a Wave 3 top is brutal — especially when it is an all-time high)
Unless geopolitical events massively change the landscape, it feels like $3,500 is a strong local top — for now.
But if the world starts burning again?
Gold might have other plans.
GOLD soars, geopolitical risks escalateIn the early morning trading session on Tuesday (May 6), the spot price of OANDA:XAUUSD suddenly jumped more than 50Dollar in the short term. The price of gold just hit 3,387USD/ounce, setting a new intraday high.
Trump's latest tariff announcement has increased risk-off sentiment, thereby pushing the price of gold up sharply.
WASHINGTON (Reuters) - U.S. President Donald Trump said on Sunday he plans to impose a 100% tariff on foreign-made films, extending his restrictive trade policy on U.S. imports to the entertainment industry for the first time, rekindling investor concerns about the potential fallout from a global trade war.
On Monday local time, Trump signed an executive order on biomedical research, hoping to use this opportunity to boost the US pharmaceutical industry. Trump also announced that tariffs on pharmaceutical products will be announced within the next 2 weeks.
Gold is often considered a safe haven in times of uncertainty and performs well in low interest rate environments. Gold prices have soared 26.3% this year and have set new historical records several times.
On the other hand, geopolitical tensions surrounding the conflict between Ukraine and Russia are also escalating as Ukraine actively attacks despite warnings from Russia. On May 9, Russia will solemnly celebrate the 80th anniversary of Victory Day - a significant historical milestone with the participation of many international politicians and military corps from many countries participating in the parade at Red Square.
Geopolitical risks often impact the market very quickly and dramatically, gold prices will increase sharply whenever geopolitical risks appear as dangerous as the current situation in Ukraine - Russia.
Technical analysis of OANDA:XAUUSD prospects
On the daily chart, after gold received support and recovered from the confluence area of EMA21 and 0.50% Fibonacci retracement, gold showed prospects of continuing to recover and entering a new technical bullish cycle, bringing price activity back above $3,300.
At the time of writing, gold has reached the weekly target level sent to readers in the weekly publication at $3,371, which is also the current nearest resistance. Once gold remains stable above the 0.236% Fibonacci retracement level, it will have the prospect of continuing to increase with the next target around $3,400 – $3,430 in the short term.
On the momentum front, the Relative Strength Index (RSI) has turned upward with a significant slope after receiving support from the 50 area, which should be considered a positive signal for further bullish expectations.
Intraday, the technical outlook for gold is bullish with the main support from the EMA21, the notable positions will also be listed as follows.
Support: 3,300 – 3,292 – 3,267USD
Resistance: 3,400 – 3,430USD
SELL XAUUSD PRICE 3409 - 3407⚡️
↠↠ Stop Loss 3413
→Take Profit 1 3401
↨
→Take Profit 2 3395
BUY XAUUSD PRICE 3306 - 3308⚡️
↠↠ Stop Loss 3302
→Take Profit 1 3314
↨
→Take Profit 2 3320
GOLD Will Go Up! Long!
Take a look at our analysis for GOLD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 3,388.78.
Taking into consideration the structure & trend analysis, I believe that the market will reach 3,436.70 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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WTI OIL May be closer to $50 and below than a recovery.WTI Oil (USOIL) is having a strong green 1W candle but remains on a strong selling sequence since the January 13 2025 rejection on its 1W MA200 (orange trend-line). So far this is technically the Bearish Leg of the Channel Down that started after the March 07 2022 market top.
The Bearish Leg that was initiated then, declined by -48.60% so if the current one repeats this we are looking at prices close to $41 by the end of the year or beginning of 2026. Technically, as long as the 1W MA50 (blue trend-line) holds, the immediate Targets within a 3-month horizon are $50 and $46.
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USDCAD Is Bullish! Long!
Here is our detailed technical review for USDCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.378.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.399 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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GBPCHF Is Very Bearish! Sell!
Take a look at our analysis for GBPCHF.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.103.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.092 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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S&P500 Stuck between the 1D MA50 and 1D MA200.The S&P500 index (SPX) is now on a short-term correction following the impressive recovery of the last 30 days that made it almost test its 1D MA200 (orange trend-line). This is a technical rejection but the fact that the 1D MA50 (blue trend-line) is now the Support can be encouraging.
The reason is that since January 2023, every time the index broke above its 1D MA50 it turned into a Support that held and produced an immediate bullish extension on every occasion except for one time (Sep 2024), which still recovered 1 week after.
As a result, it is more likely for SPX to test its All Time High (ATH) by July than entering a long-term correction again.
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PALANTIR Channel Up intact. Eyeing $185 on this rally.Palantir (PLTR) has been trading within a 2.5-year Channel Up and is currently on its most recent Bullish Leg following the approach f the 1W MA50 (blue trend-line).
Having also rebounded on its long-term RSI Support Zone, the buying pressure is the strongest we've seen inside this pattern, having recovered all loses in just 4 weeks.
Given that the most usual rally was +183.03%, we expect this Leg to reach at least $185.
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GOLD Will Grow! Buy!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 3,257.82.
Considering the today's price action, probabilities will be high to see a movement to 3,352.14.
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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Gold surges thanks to China buying goods, waiting for FED waveInternational gold prices jumped to 3,332 USD/ounce, up more than 72 USD compared to the bottom of last night's session. The main driving force came from the wave of gold buying in China, when concerns about the weakening economy caused people to massively turn to gold as a safe haven. The H4 chart shows a strong increase, EMA34 has crossed EMA89, establishing a clear short-term uptrend. If gold surpasses 3,340 USD, it is likely to head towards the old peak around 3,420–3,500 USD.
Crude oil prices are still fluctuating strongly around 57.2 USD/barrel, creating an unstable foundation for the commodity market. The FED will announce its policy in the early morning of May 8. Although it is expected to not change interest rates, any statement can move the market. This will be the next big catalyst for gold.
XAUUSD Bullish or bearish Detailed AnalysisXAUUSD is currently trading around 3380, continuing its bullish momentum as previously anticipated. The price action has followed the projected path, delivering substantial profits for those positioned early. The next key resistance level is at 3450, aligning with the upper boundary of the ascending channel.
Fundamentally, gold's rally is supported by heightened safe-haven demand amid ongoing geopolitical tensions and a weakening U.S. dollar. Investors are closely watching the upcoming Federal Reserve meeting, with expectations leaning toward a dovish stance, which could further bolster gold prices .
Technical indicators suggest that the bullish trend remains intact, with the price maintaining its position above key moving averages. However, traders should be cautious of potential pullbacks as the market approaches overbought conditions.
In summary, XAUUSD is on track toward the 3450 target, supported by both technical and fundamental factors. Traders should monitor key resistance levels and macroeconomic developments to manage their positions effectively.
BITCOIN Climbing the Fibonacci Staircase..Bitcoin (BTCUSD) has come into the Fed Rate Decision week stronger that ever, having staged an impressive rebound from the early-April Low. The consolidation of the last few days is of course a market reaction in anticipation of the big interest rate news.
Regardless of that, the Channel Up that is the underlying pattern from the start of this Bull Cycle has been filling on an impressive symmetrical scale all .382 Fibonacci extensions one by one. The most recent has been the 4.382 and naturally the next in line is the 5.382 Fibonacci extension.
Since the last one (4.382) was almost hit before the price pull-back, it would be more fitting to assume the next peak slightly below the 5.382 Fib ext as well as $170000.
This may very well be the final High i.e. the Cycle's Top before the next Bear Cycle begins, depending on the time it hits it.
Do you think that would be the case? Feel free to let us know in the comments section below!
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Lingrid | SHIBUSDT long OPPORTUNITY from the SUPPORTBINANCE:SHIBUSDT is currently trading inside a downward wedge pattern, typically a bullish formation. After reaching the resistance zone around 0.00001567 and forming a lower high, the price retraced sharply. It is now approaching a critical support area near 0.00001186, aligned with the wedge base and previous reaction zones. Bullish traders are watching for a breakout to the upside, while bearish pressure remains within the channel.
📉Key Levels to Watch
Support zone: 0.00001186 (wedge base and historic demand)
Breakout target: 0.00001390 (near-term rally cap)
Invalidation level: below 0.00001028
⚠️ Risks
A failure to hold above the wedge support at 0.00001186 could trigger a drop toward the March lows at 0.00001028.
Bearish momentum remains strong, and multiple lower highs signal seller dominance unless invalidated.
False breakouts within wedge patterns are common—confirmation is needed before reacting.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD - Smart Money Selling, Retail Chasing Longs📉 Technical Context:
Price has reacted precisely to the 0.618–0.786 Fibonacci retracement zone between 3,386–3,442 USD, aligning with a clear weekly supply zone and imbalance. The current market structure suggests a potential lower high, with the first target around 3,060 USD, and the second near 2,880–2,900 USD demand.
🧠 COT Report (as of April 29, 2025):
Non-Commercials (speculators) cut 18,519 long contracts, signaling waning bullish conviction.
Commercials (hedgers) increased shorts by +9,848 contracts, maintaining a bearish contrarian stance.
📊 Retail Sentiment (MyFxBook):
65% of retail traders are short from 3,062, while 35% are long from 3,184 — ideal environment for a bull trap before reversal.
📅 Seasonality (Market Bulls):
May is historically weak:
10Y: -9.98%
5Y: -12.21%
Strength historically returns in June/July → a correction before continuation is likely.
✅ Conclusion:
Technical structure, macro context, and positioning all align for a high-probability short.
📍 Entry Zone: 3,420–3,440
🔒 Stop: Above ATH (3,500)
🎯 Targets:
TP1: 3,060
TP2: 2,900
US30: Local Bearish Bias! Short!
My dear friends,
Today we will analyse US30 together☺️
The market is at an inflection zone and price has now reached an area around 41,170 where previous reversals or breakouts have occurred. And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 41,039..Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
ETHEREUM: Will Go Up! Long!
My dear friends,
Today we will analyse ETHEREUM together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 1801$ Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 1810$ Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
US100 WILL GO DOWN|SHORT|
✅US100 price grew again to retest the resistance of 20,300
But it is a strong key level
And we are already seeing
A local bearish pullback
So I think that there is a high chance
That we will see a bearish move down
SHORT🔥
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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.