AUDUSD: Pullback From Support 🇦🇺🇺🇸
There is a high chance that AUDUSD will pull back from
the underlined daily support.
As a confirmation, I see a tiny double bottom on an hourly time frame.
Goal - 0.6342
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Signals
BITCOIN Will Go Lower From Resistance! Sell!
Here is our detailed technical review for BITCOIN.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 83,533.11.
The above observations make me that the market will inevitably achieve 79,022.44 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 Will Go Lower! Short!
Take a look at our analysis for EURUSD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.089.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.078 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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AUDUSD Will Go Up! Buy!
Please, check our technical outlook for AUDUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.632.
Considering the today's price action, probabilities will be high to see a movement to 0.643.
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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EURAUD Will Move Higher! Long!
Here is our detailed technical review for EURAUD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.721.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.729 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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NZD-USD Rebound Expected! Buy!
Hello,Traders!
NZD-USD is trading in a
Local uptrend and the pair
Is making a local bearish
Correction but the pair
Will soon hit a horizontal
Support line of 0.5761
From where we will be
Expecting a local bullish
Rebound because we
Are bullish biased
Buy!
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GOLD Will Go Up From Support! Long!
Please, check our technical outlook for GOLD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,995.32.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 3,022.41 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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After an 80% Drop, Is FET Finally Ready to Reverse?Exactly one year ago, FET reached its all-time high of $3.5, but since then, it has experienced a steep decline of over 80%.
However, the coin has recently found strong technical support around the $0.45 zone, which, in my view, signals a potential rebound on the horizon.
Currently, FET is trading near $0.52, and from a psychological standpoint, being around a key round number and its Binance listing price, we could see a bounce from these levels.
With this in mind, I anticipate a trend reversal, with an initial target of $1 in the near future. Additionally, $0.80 stands as a significant resistance level and could serve as an interim target before further upside movement.
From a risk-reward perspective, this setup offers an attractive 1:5 ratio
DOW JONES This is why chances of a brutal rebound are so high.Dow Jones (DJIA) has been trading within a Channel Up since the July 31 2023 High and last week it hit (marginally breached) its 1W MA50 (blue trend-line) for the first time since the week of October 30 2023. The price went on to test the bottom of the Channel Up and rebounded back above the 1W MA50.
This is an incredibly strong long-term bullish signal and it is not the only one. The market also made a Lower Low rebound on the 3-month trend-line while the 1W CCI got oversold below -150.00 and is rebounding. The last time we got these conditions fulfilled was exactly 2 years ago on the March 13 2023 Low.
That was when the index made a similar Megaphone Lower Low rebound on oversold 1W CCI that initiated a +13.57% rally. Both Megaphone fractals emerged after Dow rose by +21.00%.
In fact, every oversold 1W CCI rebound has produced very aggressive rallies. Based on those similarities with the March 2023 fractal, we expect the index to hit 46150 (+13.57%) minimum by July. If the more aggressive scenario of the November 25 2024 rally that made a Channel Up Higher High on the 1.5 Fibonacci extension prevails, then our more optimistic scenario is 48900 (Target 2) by September, which could technically be the end/ Top of the current Bull Cycle.
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Lingrid | GOLD bulls Maintain MARKET DominanceThe price perfectly fulfilled my last idea . It hit the target zone. OANDA:XAUUSD market continues to climb, having broken and closed above the psychological 3000 level. Previously, the price struggled to break through, creating a range before this upward movement. I think the ideal buy price could be just below the previous day's low and the psychological level. At this stage, the market may form a corrective move toward the support level and the upward trendline then rebound. I expect the range zone around 2980 to act as a solid support area in anticipation of the bullish trend's continuation. My goal is resistance zone around 3055
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BITCOIN The 2021 Pivot trend-line that is coming to its rescue.Bitcoin (BTCUSD) has stayed stable after last week's rebound on the 1W MA50 (blue trend-line), which has been the level that offered support on the Bull Cycle Channel's previous Higher Low (August 05 2024).
Technically however, that is not the only major Support level that may be coming to BTC's rescue as we've identified the Pivot trend-line that started on the April 12 2021 High as a Resistance and since then made another 2 contacts (as rejections). This is the first time now that is being tested as Support.
During the previous Cycle (2018 - 2021) a similar Pivot trend-line was the level that supported Bitcoin during the last year of its parabolic rally on January and June 2021. The June 2021 contact in particular tested the 1W MA50 as well, which is the exact situation we're in right now. That double support hold initiated the final rebound towards the Cycle's new All Time High (ATH).
Check also how similar the 1W CCI patterns between the two fractals are and based on that, a 1W CCI reading at 200.00 would be a solid level to sell and take profit. As a result, we expect this Cycle's Channel Up to accelerate the current rebound, technically its Bullish Leg and make a new ATH, which would be the Cycle's new Top, ideally with a CCI at 200.00.
So do you think this cyclical Pivot trend-line is coming along with the 1W MA50 to BTC's rescue? Feel free to let us know in the comments section below!
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Lingrid | NZDJPY Monthly-Level Shorting OpportunityThe price perfectly fulfilled my last idea . It hit the TP level. For the past two weeks, FX:NZDJPY price has been in a bullish trend; however, it has hit the resistance zone and is currently moving sideways around this level. On the daily timeframe, a rejection candle has formed, but the price has yet to retest the February high where liquidity is resting above. I expect the price may aim to grab that liquidity before moving lower while forming a bearish divergence. If we see a rejection at the resistance around 87.500, there is a good possibility that the price will create a corrective leg. My goal is support zone around 85.800
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FOMC today ?World gold prices increased by 3 USD, to 3,030 USD/ounce. In the US trading session (night of March 18), gold at one point rose to a record high of 3,035.4 USD/ounce. The safe haven demand for gold has pushed prices to a record high. Investors are worried about the increase in global trade wars and new geopolitical developments between countries, so they have bought gold.
Israel launched airstrikes across the Gaza Strip early Tuesday morning, killing at least 400 Palestinians, including women and children, according to hospital officials. The surprise bombing broke a ceasefire that had been in place since January and threatened to completely reignite the 17-month war. Over the weekend, the US attacked Houthi targets in the Middle East and vowed to attack more.
In addition, investors are now watching the Federal Reserve Open Market Committee (FOMC) meeting, which begins Tuesday morning and ends Wednesday afternoon. The market is not expected to make any changes to interest rates at this meeting, but will closely analyze the wording of the FOMC statement and Fed Chairman Jerome Powell's press conference.
NZD/USD SHORT FROM RESISTANCE
Hello, Friends!
Previous week’s green candle means that for us the NZD/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.569.
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EurUsd- The "big" move is down, not upLast week, TRADENATION:EURUSD reached a high of around 1.09 and has been consolidating ever since, now for the fifth consecutive trading day. Despite some weak upward spikes, the pair remains in a range-bound phase.
From a technical perspective, multiple resistance levels lie ahead, with the psychological 1.10 mark acting as a key barrier. Given the current price action, I believe this consolidation is more likely to result in a downside breakout rather than a continuation of the uptrend.
There is a strong possibility that EUR/USD will correct the impressive rally that began in early March.
With this outlook in mind, I see more downside potential than upside and I am considering selling into rallies, targeting a move toward 1.07.
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Lingrid | DOTUSDT capitalizing on PULLBACK in a BEARISH TrendThe price perfectly fulfilled my last idea . It hit the target zone. BINANCE:DOTUSDT market bounced off a level that was previously tested in November. Following this bounce, the price appears to be forming an ABC pullback and is moving towards the channel boundary. Examining the chart, we can see that the price has respected the resistance zone multiple times. Given the current bearish trend, the market may enter a consolidation phase, and therefore I expect that the price to consoldiate and stabilizing between 4.88 and 4.00. My goal is support zone around 4.100
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Hellena | Oil (4H): SHORT to the area of 64.00 (Wave C).Colleagues, at the moment we see a situation where it is difficult to determine the end of the movement. Wave “C” is not completed and I believe that we should expect the continuation of the downward movement. I do not set distant targets, so I expect the price to reach the area of 64.00.
A correction to the area of 67.884 shift is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gaza conflict and Trump tariffs push GOLD higher againOANDA:XAUUSD rose more than 1% on Tuesday to a new record high and are currently trading around $3,035/oz, close to yesterday's peak. Trade uncertainty due to rising tensions in the Middle East and US President Trump's tariff plans have boosted investor demand for safe-haven assets.
Israeli airstrikes kill more than 400 in Gaza
Early Tuesday morning local time, the Israeli military carried out heavy airstrikes on Gaza City in the northern Gaza Strip, Deir el Balah, the Nusayrat refugee camp in the central Gaza Strip, as well as Khan Yunis and Rafah in the south.
The British news agency Reuters reported that Israeli airstrikes killed more than 400 people in Gaza, threatening a two-month ceasefire.
Israeli Prime Minister Benjamin Netanyahu said the airstrikes were carried out because Hamas has repeatedly refused to release Israeli detainees. Defense Minister Israel Katz warned that if Hamas does not release the detainees, "our attacks will intensify."
Hamas said Israel's move was a unilateral end to the ceasefire, leaving Israelis held in Gaza "to face an unknown fate."
There were unconfirmed reports that an Iranian vessel collecting intelligence during the Gaza offensive was sunk by US forces, escalating tensions in the Middle East.
Saudi media reported on Tuesday that the Iranian Navy's most advanced intelligence ship, the Zagros, was hit by an unidentified missile in the Red Sea on Monday evening local time, causing its hull to be damaged, leaking and sinking.
World Media reported that the US military was then attacking Houthi armed forces in the area outside the Red Sea, while the Israel Defense Forces conducted a large-scale bombing of Gaza, and the origin of the missile that hit the Iranian naval vessel could not be determined.
Trump's Tariffs
Meanwhile, US President Trump has proposed a series of US tariff plans, including a 25% flat tariff on steel and aluminum (which took effect in February), as well as reciprocal tariffs and sectoral tariffs that will be applied on April 2.
Trump said he would impose general reciprocal tariffs on April 2, with additional tariffs targeting specific industries. Trump told reporters on Air Force One on Sunday that both tariffs would be applied to foreign goods imported into the United States “under certain circumstances,” “They tax us, we tax them, and then we’ll tax other industries beyond autos, steel, aluminum.”
Ultimately, Gold is often considered a safe investment in times of economic or geopolitical uncertainty, and in the current environment, it is still fundamentally well supported.
There are also many other supports such as demand from central banks, national reserves, and ETF volumes, the decline of the Dollar, the Fed's monetary policy, etc. Readers can review previous publications for more information.
Technical outlook analysis of OANDA:XAUUSD
On the daily chart, although the RSI is operating in the overbought area, it has not shown any signal to indicate a significant downside correction. A signal for a correction is a crossover of the RSI below 80.
Meanwhile, the sustained price action above the 0.50% Fibonacci extension level is a positive signal with the expectation of further upside and the next target is the 0.618% Fibonacci extension position at the price point of $3,065.
Currently, there is no notable resistance ahead, so until the level of 3,065 USD gold can still rise freely.
The intraday uptrend of gold will be noticed again by the following notable positions.
Support: 3,021 – 3,000 USD
Resistance: 3,065 USD
SELL XAUUSD PRICE 3068 - 3066⚡️
↠↠ Stoploss 3072
→Take Profit 1 3060
↨
→Take Profit 2 3054
BUY XAUUSD PRICE 2984 - 2986⚡️
↠↠ Stoploss 2980
→Take Profit 1 2992
↨
→Take Profit 2 2998
Gold’s Meteoric Rise: What’s Next After Breaking $3,000?Yesterday, TRADENATION:XAUUSD broke the $3,000 mark, a significant achievement from multiple perspectives.
As I mentioned yesterday, I didn’t expect the price to revisit the $2,950 support level, as it seemed too obvious. Unfortunately, my pending order at $2,970 wasn't triggered either, as the bulls were too strong, quickly forming a new support at $2,980.
This forced me to trade the breakout of the rectangle pattern, something I typically avoid —trading breakouts.
Now that we’ve reviewed the situation, let’s take a closer look at what we might expect in the near future.
Current Trend: Strong Upward Momentum
As is evident to everyone, gold is in a powerful uptrend, and trying to sell is risky. The key strategy here is to focus on buying on dips, rather than trying to catch a top.
The first level to keep an eye on for potential buy opportunities is the $3,000 mark, followed by the support formed yesterday at $2,980. Both of these levels are crucial in maintaining the bullish structure of the market. If the price dips to these levels and holds, they could provide excellent entry points for long positions.
Target Zones: Understanding Potential Resistance Levels
While targets in a ATHs defined market are arbitrary, historical price movements in gold suggest that certain price levels tend to act as either support or resistance. Specifically, levels in at $20, $40, $60, and $80 ranges have historically been key turning points.
Given this, if gold continues its ascent, targets at $3,020 and $3,040 could be reasonable. These levels align with the typical points that gold has faced during strong movements.
Looking Ahead: Volatility and Potential for Extreme Moves
Expect extreme volatility as gold continues to push higher. The bullish sentiment is strong, but with high volatility comes both risk and opportunity. Keeping a watchful eye on key levels, such as the $3,000 and $2,980 support zones, will be crucial for gauging potential retracements and entry points.
In conclusion, the strategy moving forward should focus on buying on dips, with an eye on $3,020 and $3,040 as logical targets for the next phase of gold's rally.
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Gold is on Fire—But Can Bulls Hold the Line?Gold has been surging, and while I expected it to hit $3,000 this year, I definitely didn’t anticipate it happening in the first semester...
So, let’s address the big question: Can the bulls maintain this level?
Looking at the chart, since early March, TRADENATION:XAUUSD has climbed 2,000 pips (around 7%), but what stands out is that 1,500 of those pips (5%) came in just one week.
No matter how strong the bullish momentum and fundamentals are, I believe this kind of rally is unsustainable.
Technical Outlook
After pulling back from its all-time high of 2,950, gold made a false breakout, followed by an almost vertical move upward, briefly interrupted by two consolidation phases.
Fundamental Factors
The FOMC meeting is today, and while rates are expected to remain unchanged, the real market mover will be Jerome Powell’s press conference. His comments could trigger significant price action.
My Take
I expect gold to start correcting after the press conference, regardless of what Powell says. However, this is a highly risky trade, so I’ll stay on the sidelines until I see a clear reversal signal.
Final Thoughts
At the time of writing, gold is consolidating within another rectangular range, with resistance at 3,040. If we see a spike above and then a drop back to around 3,030, that would signal ( for me ) that gold has topped—at least for now. In that case, I’ll be looking to short with a target of at least 500 pips. Until then, my approach is simple: wait and see.
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GOLD in Distribution – $3,000 is Within Grasp!OANDA:XAUUSD The price has broken upward and reached the intermediate target. After a strong rally, there are no signs of a pullback, indicating that the market remains robust. Currently, a consolidation phase is forming, reflecting stability at higher price levels.
Gold continues to break new all-time highs, reaching $2,990 and heading toward the crucial $3,000 milestone. Despite the strong rally, there is no sign of a retracement, as the market consolidates, suggesting that buyers still hold control. The upward momentum is driven by the trade war initiated by Trump and expectations of a Fed rate cut. Investors remain cautious ahead of the Fed meeting, while a stronger U.S. dollar and a potential ceasefire agreement between the U.S. and Canada could trigger a short-term correction. However, recession risks and escalating geopolitical tensions continue to fuel demand for safe-haven assets, supporting gold’s price growth.
From a technical perspective, the price is in a consolidation phase, which could lead to a breakout above resistance, continuing the bullish trend, or a false breakout followed by a correction toward the support zone at $2,980 – $2,977 before resuming the uptrend.
Key resistance levels: $2,993 – $3,000 – $3,008
Key support levels: $2,981 – $2,956
If buyers manage to hold above $2,993, gold is likely to extend its strong upward momentum. However, a potential correction toward the liquidity zone at $2,981 – $2,977 should be considered before gold continues its journey toward the $3,000 milestone.
XAUUSD TRADING STRATEGY BULLISH False Breakout Possibility:
The breakout above the resistance level could be a fake-out, leading to a sharp reversal instead of a continued upward movement.
A double top at the resistance level may indicate a stronger bearish reversal rather than further bullish momentum.
2. Overextended Trend:
The previous strong bullish move could be overextended, leading to exhaustion. A correction or retracement back to trendline support is highly likely.
The market could enter a consolidation phase instead of continuing the uptrend immediately.
3. Liquidity Grab Before Drop:
Market makers often push prices above key resistance to trigger stop-loss orders before reversing the trend.
The price could break resistance temporarily but then drop significantly back into the support zone.
4. Fundamental Factors:
If economic news or central bank policies favor the USD, gold (XAUUSD) may weaken instead of continuing its bullish run