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Support and Resistance

4/22 Gold Trading StrategyGold continued its upward movement yesterday. Short positions around 3380 yielded limited gains, while those near 3410 are currently underwater. Many traders may be in a similar position, and I want to emphasize: there’s no need to panic—today offers a strong opportunity for the bears. Technically, gold is now in the final stage of a five-wave upward structure . The bullish momentum is fading. The remaining upside is likely limited to within $50 , while the downside potential could exceed $80. In short, there’s an 80%+ chance of a pullback or consolidation today, offering a solid exit or profit opportunity for short positions. The price is expected to retrace below 3360, and once profit-taking begins, the decline may accelerate. Trading Strategy for Today: Sell between 3450–3480 Buy between 3330–3310 Trade flexibly within 3440–3400 / 3410–3355
FOREXCOM:XAUUSDShort
by China_MsWang
3
Ethereum Hits Support – Time to Load Up?🎢 The Great 112‑Day Drop What happened? Over the past 112 days, ETH tumbled –66%, sliding from $4109 down to $1383 and oh yeah, it even poked its nose below the January 2018 all-time high. 7 years ago! Support Zone: 0.786 + Volume Profile 0.786 Fib: $1,570.85 (drawn from the 2022 low $870.80 to that $4109 high). 5‑Year POC: $1565 Hold Tight: For 2 weeks, the 0.786 level has acted as support, bouncing price right back up. Sell in May and go away? Rather buy in May and grab some gains on the way? Trade Blueprint: Your Ethereum Game Plan Entry Zone: $1570.85 Stop Loss: Below $1369.79 Profit Targets: $1800, $2000 ,$2500, $3000 Risk/Reward: Risk ≈13%, Reward ≈91%, a solid 7:1 R:R DCA Missed the perfect entry? No drama... dollar‑cost average between $1700 and $1500. Keep an eye on the monthly open at $1822. Bulls need to break this resistance zone. Bottom Line Ethereum’s –66% dive has handed us a golden ticket at the 0.786 fib and 5‑year POC. This is one of those “buy the dip” moments. ________________________________ 💬 Found this helpful? Drop a like and comment below. Want TA on another coin? Let me know and I’ll break it down for you. Happy trading everyone! 💪
COINBASE:ETHUSDLong
by SiDec
4
ASX 200 Bulls Take the Reins as Trade Hopes BuildThe signal from last week’s bullish engulfing candle on ASX 200 SPI futures has proven reliable so far, with the price rocketing above 7900 on Monday, providing a platform to establish long positions around. With optimism building over trade deals between the United States and major partners, including China, bulls may look to enter above 7900 with a stop beneath for protection. The 50-week moving average screens as a potential target, with futures bouncing strongly from it the last three times it’s been tested. If the price reverses and closes below 7900, the bullish bias would need to be reassessed. Momentum indicators remain net-bearish, though RSI (14) is lifting toward neutral. Given the headline-driven nature of the market, these signals may be less reliable than usual. Good luck. DS
ASX24:AP1!Long
by FOREXcom
Dogecoin Breakout Alert: Is a Major Recovery Rally Starting Now?Dogecoin on the Cusp? Analyzing the Potential Breakout and Path to Recovery Dogecoin (DOGE), the original meme coin that captured the world's attention with its Shiba Inu mascot and community-driven rallies, is once again stirring excitement in the cryptocurrency markets. After a period of consolidation and navigating broader market volatility, DOGE is showing signs of life, prompting speculation about whether a significant upside move could be on the horizon, potentially leading to a more sustained recovery. Recent price action, technical indicators, and optimistic trader sentiment are converging, painting a picture of a coin potentially coiling for its next big move. Finding Footing: The Bounce from $0.1500 The foundation for the current optimism was laid when Dogecoin successfully defended the $0.1500 support zone against the US Dollar. In volatile markets, establishing clear support levels is crucial. Holding above $0.1500 demonstrated resilience and provided a base from which buyers could initiate a fresh push upwards. Following this defense, DOGE began a "decent upward move," managing to climb above the $0.1550 level. This initial climb is significant because it signals a shift from purely defensive price action to potentially offensive momentum. Buyers stepped in at a key psychological and technical level, absorbing selling pressure and turning the tide, at least in the short term. The ability to not only hold support but to initiate a bounce suggests underlying demand and interest returning to the meme coin. Consolidation and Key Technical Signals Currently, Dogecoin appears to be in a consolidation phase, trading above the $0.1580 level. Consolidation after an upward move is often viewed constructively by technical analysts. It can represent a period where the market digests recent gains, shakes out weak hands, and builds energy for the next directional leg. The key question during consolidation is whether it resolves upwards (a continuation of the prior move) or downwards. Several technical indicators are lending credence to the bullish case during this consolidation: 1. Trading Above the 100-Hourly Simple Moving Average (SMA): The price remaining above this key short-term moving average is generally considered a bullish sign on hourly charts. It indicates that the average price over the recent past is trending upwards, and the current price is maintaining strength relative to that average. It often acts as dynamic support during pullbacks within an uptrend. 2. Bullish Trend Line: The formation of a short-term bullish trend line with support currently identified around $0.1590 on the hourly DOGE/USD chart is another positive signal. This ascending line connects recent lows and visually represents the current upward trajectory. As long as the price stays above this trend line, the immediate bullish structure remains intact. It provides traders with a clear reference point for potential entry or stop-loss levels. These technical factors suggest that despite the consolidation, the underlying momentum favors the bulls in the immediate term. The market structure is building higher lows, supported by the trend line and the moving average. The Resistance Hurdle and Breakout Potential While the support and short-term indicators are encouraging, the true test for Dogecoin lies in overcoming resistance. The immediate significant hurdle identified is the $0.1650 level. A decisive break and close above this resistance zone would be a strong technical signal, potentially confirming the end of the consolidation phase and the beginning of a more substantial rally. Breaking resistance often triggers further buying activity, including stop-loss orders from short sellers and new entries from breakout traders. Beyond $0.1650, the next major target highlighted is the $0.2050 resistance zone. Clearing this level would represent a more significant milestone, potentially putting Dogecoin firmly back on the path towards higher valuations seen earlier in the cycle. A move towards $0.2050 would likely require sustained buying pressure and positive sentiment across the broader crypto market. Trader Sentiment and Bold Predictions Adding fuel to the speculative fire are optimistic predictions from market participants. Notably, one trader, who reportedly "nailed" a previous 300% rally in Dogecoin, is suggesting that history might be about to repeat itself. While such predictions should always be taken with caution, they reflect a growing bullish sentiment within certain segments of the trading community. These forecasts often rely on pattern recognition, fractal analysis (comparing current price structures to historical ones), and sentiment indicators. Furthermore, bullish signals are reportedly pointing towards a potential "pump," with some analysts setting longer-term price targets as high as $0.28. Achieving such a target would represent a significant recovery and substantial gains from current levels. This level likely corresponds to previous key resistance or Fibonacci extension levels, representing areas where traders anticipate strong price reactions. Why the Optimism? Potential Catalysts Several factors could be contributing to this renewed optimism: • Broader Market Recovery: Cryptocurrencies often move in tandem, especially Bitcoin and major altcoins. If Bitcoin continues its strength or embarks on a new leg up, it often lifts sentiment across the market, benefiting coins like Dogecoin. • Meme Coin Season: Historically, periods of market exuberance have seen "meme coin seasons" where highly speculative, community-driven tokens experience outsized gains. Renewed interest in this sector could benefit its leading token, DOGE. • Community Engagement: Dogecoin boasts one of the most active and vocal communities in crypto. Social media hype and coordinated community efforts can significantly impact its price, especially during positive market conditions. • Technical Setup: As outlined above, the technical picture (holding support, bullish trend line, potential breakout from consolidation) provides a logical basis for traders anticipating an upward move. Risks and Considerations Despite the bullish signals and optimistic forecasts, investing in Dogecoin remains inherently risky and speculative: • Volatility: DOGE is known for its extreme price swings. Gains can be rapid, but losses can be equally swift. • Resistance is Real: Failure to break decisively above $0.1650 or $0.2050 could lead to a rejection and a move back down to test support levels, potentially invalidating the bullish setup. • Market Dependence: A downturn in Bitcoin or the broader crypto market could easily drag Dogecoin down, regardless of its individual technical setup. • Hype-Driven: Price action can be heavily influenced by social media trends, celebrity endorsements (like those historically from Elon Musk), and general market sentiment, which can change rapidly and unpredictably. Conclusion: Poised for Potential, Confirmation Needed Dogecoin currently stands at an intriguing juncture. It has established a solid base of support, initiated an upward move, and is consolidating above key short-term indicators, supported by a bullish trend line. Optimistic traders are eyeing significant upside potential, with targets ranging from $0.1650 and $0.2050 to as high as $0.28, fueled by predictions of repeating past explosive rallies. However, potential does not guarantee performance. The immediate challenge is converting the current consolidation into a confirmed breakout above the $0.1650 resistance. A successful breach could indeed ignite further buying pressure and set the stage for a move towards $0.2050 and potentially higher, sparking the "full-on recovery" bulls are hoping for. Conversely, failure to overcome resistance could see momentum wane. For traders and investors, the current situation demands careful monitoring of key levels. While the technical signals lean bullish in the short term, Dogecoin's inherent volatility and sensitivity to broader market conditions necessitate cautious optimism and robust risk management. Whether DOGE is truly about to repeat history remains to be seen, but the current setup has certainly put the beloved meme coin back in the spotlight.
Long
by bryandowningqln
Mid-Week Market Forecast: GOLD, SILVER, COPPER & PLATINUMIn this video, we'll present analysis and best setups for Wednesday, April 22nd to the end of the week. Gold is still a buy. Silver may present a sell opportunity at current levels. Copper looks like it is setting up for a valid sell. Platinum has showed weakness early this week. We'll watch for continuation. Be patient, and wait for confirmations! Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!
by RT_Money
Will Orchid (OXT) rally to broken market structure?On the above 5 day chart price action has corrected almost 70% since the year began. A number of reasons now suggest a reversal in trend, they include: 1. Price action and RSI resistance breakouts. 2. A significant confirmation that legacy downtrend breakout now acts as support. 3. Price action confirmation horizontal support. 4. Forecast to broken market structure is also the Golden ratio, but that is not the same as saying a correction confirmation from structure will follow. Is it possible price action continues correcting? Sure. Is it probable? No. Ww
Long
by without_worries
1
NZDJPY to find sellers at current resistance?NZDJPY - 24h expiry The primary trend remains bearish. The rally is close to a correction count on the daily chart. We look for a temporary move higher. Preferred trade is to sell into rallies. Bespoke resistance is located at 84.90. We look to Sell at 84.90 (stop at 85.55) Our profit targets will be 82.30 and 82.00 Resistance: 84.75 / 85.50 / 85.75 Support: 84.00 / 83.25 / 82.25 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Arista Networks (NYSE: $ANET): Positive Outlook Amid AI Growth Arista Networks Inc. (NYSE: ANET) closed the latest trading session at $68.67, gaining 1.48% on the day. The stock has recently experienced a steep decline from its 52-week high near $134, yet it remains a key player in the edge computing space. As of Q4 2024, 78 hedge funds held positions in Arista, signaling strong institutional interest. The company’s infrastructure supports edge computing by delivering ultra-fast, programmable switches and routers. These tools are vital for real-time data management in environments such as data centers and IoT systems. With the growing demand for AI-driven workloads at the network edge, Arista’s technology is well-placed to support this shift. In 2024, Arista recorded $7 billion in revenue, marking a 19.45% increase from the previous year. Its net income rose by 36.3% to $2.85 billion. In Q4 alone, revenue jumped by 25.3% year-over-year to $1.93 billion. To enhance AI workload management, Arista launched the EOS Smart AI Suite with Cluster Load Balancing, a solution aimed at improving system efficiency under large-scale processing demands. The edge computing market is on track to grow significantly, with global spending expected to reach $261 billion in 2025. This trend is supported by broader interest in Internet of Things (IoT) and AI technologies. Analysts predict this spending will climb to $380 billion by 2028. Technical Analysis Arista's price action shows it tested a key support zone at around $60, with the 200-day moving average at $65.95. The stock previously attempted to rebound above resistance at $77 but failed, forming a bearish setup. Current RSI stands at 31.16, suggesting the stock is close to oversold reading. If it holds above the $60 support, a potential bounce could target $77, followed by $90 and above, aligning with the 100-day moving average. A break below $65 could open a path toward $60 or lower. Volume has been heavy during the downtrend, indicating strong selling pressure.
NYSE:ANETLong
by DEXWireNews
AUDUSD Wave Analysis – 22 April 2025 - AUDUSD reversed from the key resistance level 0.6400 - Likely to fall to support level 0.6300 AUDUSD currency pair recently reversed from the resistance area between the key resistance level 0.6400 (former major support from 2024) and the 50% Fibonacci correction of the downward impulse from September. The downward reversal from this resistance area is likely to form the daily Japanese candlesticks reversal pattern Bearish Engulfing. Given the overbought daily Stochastic and the strength of the key resistance level 0.6400, AUDUSD currency pair can be expected to fall to the next support level 0.6300.
Short
by FxProGlobal
Barclays Raises TechnipFMC (FTI) Price Target to $43TechnipFMC (NYSE: NYSE:FTI ) closed at $31.23 on the previous trading day, staying close to its one-year high of $33.45. Evercore ISI analyst Jason Bandel maintained a Buy rating on the stock, setting a price target of $39. Meanwhile, Barclays reaffirmed its Buy rating with a higher target of $43 in a report dated March 26. Currently, the consensus among Wall Street analysts rates TechnipFMC as a “Strong Buy.” The average price target stands at $37.22, suggesting an upside of 19.18% from current levels. The stock has an average daily trading volume of 4.33 million shares. TechnipFMC’s performance is under close watch, though analyst Jason Bandel has posted a -5.4% average return with a 31.58% success rate. He follows the energy sector, covering companies like Helmerich & Payne and NOV in addition to FTI. Insider activity on the stock shows negative sentiment. Over the past quarter, 55 corporate insiders have sold shares. Earlier this month, Director Eleazar de Carvalho Filho sold 9,381 shares worth $279,178.56. Technical Analysis The stock recently bounced off a key support zone around $22, close to the 200-day moving average at $21.86. This bounce formed a bullish reversal setup. The price is now hovering near $25.20. If it holds this area, the next resistance is around the $28.00 level, followed by a possible move back toward its recent high of $33.45. The volume profile shows increased buying near the bottom of the bounce, suggesting accumulation. RSI is around 42, indicating neutral momentum but potential for recovery if buying pressure continues. A break above $28 may signal continuation toward $33.45.
NYSE:FTI
by DEXWireNews
1
DuPont (DD) Upgraded to 'Overweight' by KeyBancDuPont de Nemours (NYSE: $ DD) shares rose 2.38% to $61.54 today, adding $1.43 amid broader concerns for the U.S. chemicals sector. The stock has traded 8.24 million shares so far, reflecting increased investor interest following a notable analyst upgrade. KeyBanc Capital Markets recently upgraded DuPont to "Overweight" with an $81 price target despite cutting 2025 EBITDA estimates across the chemicals sector by an average of 5%. The firm specifically highlighted DuPont's "world-class" electronics and water businesses, describing them as secular growth franchises rarely available at current valuation levels. This optimistic assessment comes against a challenging backdrop for chemical companies. The sector faces multiple headwinds including new U.S. tariffs, weakening global demand, and falling prices for key raw materials like ethylene and propylene. KeyBanc identified worrying demand signals beginning in March that likely continued into April. The upgrade appears particularly significant considering DuPont shares have fallen 21% since March. Analysts view the company's strong balance sheet as a key advantage during uncertain economic conditions. The $81 price target implies a 12.8x 2025 EV/EBITDA multiple. Technical Analysis DuPont's stock is trading at a critical juncture after a significant decline from 2024 highs near $90. Currently priced at $61.54, DD has bounced from recent lows but remains below all major moving averages. The 50-day moving average (76.80) and 200-day moving average (78.00) both loom overhead as resistance levels. The price action shows a clear rejection from the horizontal resistance zone around $88, which has capped advances multiple times since 2021. The RSI indicator at 39.92 shows neither extreme oversold nor overbought conditions. Looking forward, potential price paths include both bullish and bearish scenarios. A recovery above $64 could target the 50-day moving average near $76.80, while failure to hold current levels might risk testing the 2020 pandemic low of $28.33.
NYSE:DD
by DEXWireNews
Bitcoin Elliott Wave AnalysisHello friends On the Bitcoin chart, we see the formation of a complete Elliott wave pattern. These waves from 1 to 3 or C are quite clear and we can even count its sub-waves. Now a 3-wave ABC has formed. We cannot be exactly sure that this is a complete zigzag because wave C can be extended and the price will fall further. But we consider it wave 4 assuming that this zigzag is completed. So we will wait for the formation of an upward wave in the form of wave 5. The target is first $86,500 and then $88,000. Good luck and be profitable.
BITFINEX:BTCUSDLong
by M_Gheysvandi
Can the 3370 support level turn the tide?The Asian session low of 3413 rebounded to 3500 under pressure, and then fell back to 3370 in the evening, with a single-day fluctuation of more than 100 points. Since the 14-day bull market started at 2959 on April 7, the gold price has soared 500 points, and the short-term overbought has triggered technical correction pressure. The current market presents a strong pattern of "buying on every correction", and even if there is a long upper shadow, the bullish sentiment still dominates the market. From a technical perspective, the support near 3370 is crucial. If it holds, the bullish trend will continue; otherwise, a break may trigger a deeper adjustment. Although there is short-term profit-taking pressure, the overall market is bullish. It is recommended to pay attention to the key support level of 3370 and be alert to low-long opportunities in repeated fluctuations.
OANDA:XAUUSDLong
by TP_Daniel1
Gold intraday high V reversal looks to continueToday's market analysis and interpretation: First, the gold daily level: After closing with a full increase of 100 US dollars yesterday, it continued to rise by nearly 90 US dollars today. The daily line may not feel the acceleration, but from the weekly line, the trend of continuous large positives for nearly three weeks and an increase of more than 500 US dollars, it seems to be accelerating to the top; although the overall bullish trend this year will not be affected at all, in the short term, some bulls may flee due to the accelerated pull, that is, profit-taking, which is often more likely to happen; In addition, yesterday's research report focused on interpreting the trend of 2956 to 3500. It is very likely to cycle the previous wave of 2832 to 3167. The maximum retracement of 618 division position just confirms the previous top and bottom support of 3167. In addition, from the wave shape, if 2832-3167 belongs to the first wave, 3167 to 2956 belongs to the second wave, and the third wave is calculated by 1.618 times the first wave, it is exactly 3498, which is today's intraday high of 3500. Then the fourth correction wave may be brewing in the follow-up, which is generally the third wave 382 or 50 division, and it generally will not fall below the first wave high of 3167. Therefore, in the next few days, if 3500 cannot be broken through again, the correction will focus on the 382 division support 3292 and the 50 division support 3228. The limit is that it is unlikely to fall too far from 3167, and then Waiting for the opportunity of band bullishness, each squat adjustment is to further continue the bullish trend; Second, gold 4-hour level: the current MA5-day moving average support is barely holding up temporarily, and the top is a bearish pattern of "evening star" with a large Yin wrapped in Yang. It needs to be combined with the subsequent K-line pattern. If there are continuous Yins and large Yins continue to appear, then this cycle will begin to be under pressure, and the MA10-day support of 3428 and the middle track of 3378-72 will be gradually tested below; Third, gold hourly level: Asian session continues to rise sharply, but the European session suppresses the 3500 line and falls back, temporarily supporting the middle track. The inability of the European session to attack increases the risk of further downward adjustment tonight; once the middle track is effectively lost, it will continue to fall. Finally, tonight, we can gradually see the 66-day moving average, which is also the lower track of the white channel in the figure, about 3380; The short-term resistance is the 10-day moving average and the white channel counter-pressure point, concentrated at 3470-3480, which happens to be the 618 division point of the European session's decline and rebound; therefore, pay attention to 3470-3480 tonight. If it cannot withstand the pressure, it will continue to decline and gradually look at 3428 and 3411. The strong support is in the range of 3380-3370 tonight. If it stabilizes here, it will rebound to confirm the middle track, and the ups and downs will be huge.
OANDA:XAUUSDLong
by TP_Daniel5
EUR/CHF Eyes Breakout on Eurozone PMI OptimismHello, 🇪🇺 EUR/CHF: Can PMI Green Shoots Power a Breakout? 📈 Fundamental Spark: Eurozone PMI Upside? Stronger-than-expected PMIs this week could lift the euro, even against the safe haven Swiss franc. Solid data would suggest the Eurozone economy is weathering trade tensions better than expected. ECB officials (like Wunsch & Villeroy) have pushed back against aggressive rate cut bets, signaling: “The easing cycle is neither finished nor automatic.” 🧠 Key takeaway: Bullish PMIs would reinforce the idea that the ECB may slow down or delay cuts, narrowing the gap vs. the SNB. 💬 Swiss Franc Watch: CHF is trading near intervention-watch levels as USD/CHF recently hit a 10-year low. SNB might step in if franc strength continues to threaten exports or inflation outlooks. 📊 EUR/CHF Technical Setup 🔺 Pattern Watch: Ascending Triangle Resistance Zone: 0.9340 – 0.9351 (R1 Pivot Point) Support Line: Steadily rising lows = buyers stepping in 🔍 Momentum Clues: ✅ Bullish candlesticks forming around resistance ✅ 100 SMA > 200 SMA crossover = Bullish bias confirmed 📍 Upside Targets (If Breakout Holds): Price Level Reason 0.9400 Previous swing high 0.9500 April highs 0.9550 Extended risk-on target ⚖️ Trading Scenario Summary: Scenario Implication EUR/CHF Bias ✅ Strong PMIs + ECB hawkish tone Rate cut bets fade Bullish ⚠️ Weak PMIs + risk-off flows Safe haven CHF demand rises Bearish 😐 Mixed data Rangebound action Neutral-to-slight bullish 🧭 Final Thoughts: Keep an eye on PMI surprises, ECB rhetoric, and CHF sensitivity to risk and intervention speculation. If EUR/CHF holds above 0.9350 with strong momentum, upside continuation becomes more likely. 📌 Breakout + Risk-On = Rally Fuel 🇪🇺 Eurozone Flash PMIs in Focus: Will Tariffs Tip the Scale? 📅 Event Date: 🗓 April 23 (Wednesday) ⏰ Starting 7:15 am GMT (Use your Forex Market Hours tool to convert!) 🔍 What’s at Stake? As global trade tensions intensify, Germany and France – the eurozone’s powerhouses – are under pressure. With the U.S. floating higher tariffs, markets are watching this PMI release closely for signs of economic fallout. 📊 PMI Forecast Snapshot: Indicator Forecast Previous Bias 🇩🇪 Germany Manufacturing PMI 47.5 48.3 🔻 🇩🇪 Germany Services PMI 50.3 50.9 🔻 🇫🇷 France Manufacturing PMI 47.9 48.5 🔻 🇫🇷 France Services PMI 47.6 47.9 🔻 🇪🇺 Euro Area Manufacturing PMI 47.4 48.6 🔻 🇪🇺 Euro Area Services PMI 50.4 51.0 🔻 📉 Readings below 50 signal contraction. 📈 Above 50 means expansion. 💬 Why It Matters for EUR Traders Weak PMI prints → 📉 Euro likely to fall ↳ Could fuel ECB rate cut expectations ↳ Bearish EUR bias vs. GBP, CHF, or JPY Surprise resilience → 📈 Euro may hold up ↳ Especially vs. commodity currencies in risk-off mode (AUD, NZD, CAD) ↳ Could even bounce vs. USD if greenback selling continues 🧠 What Happened in Past Releases? 📅 March 24, 2025 🇫🇷 & 🇩🇪 Services = 🔻 Manufacturing = 🔺 🧊 Cooled ECB rate cut bets EUR dropped early, stabilized later on relief over potential U.S. auto tariff exemptions 📅 February 21, 2025 PMIs = Net contraction, especially manufacturing EUR dipped amid auto tariff risks and Russia-Ukraine tensions 📅 January 24, 2025 PMIs beat forecasts (still < 50 though) Trump softened China tariff tone → EUR 🚀 early in session Held gains in risk-on backdrop 🌍 Macro Backdrop Check 🧨 Ongoing global trade war U.S. & China escalate with triple-digit tariffs Markets fear supply chain collapse and global slowdown 🧭 Risk sentiment = fragile If pessimism lingers → 💵 USD may stay under pressure EUR reaction could be short-lived unless data is decisive 🔮 Trading Scenarios Scenario Implication EUR Bias Weaker-than-expected PMIs Tariff damage confirmed Bearish EUR PMIs beat forecasts Services resilience Limited EUR support Mixed results Choppy, rangebound action Wait for clarity 🧠 Pro tip: EUR often reacts short-term to PMI releases. Strong directional moves typically need uniform results or bigger catalysts (e.g., ECB or Fed news). 🛡️ Final Tips: Watch the PMI trend across Germany, France, and the Eurozone Consider the bigger macro picture (e.g., U.S. trade policy, China growth) Don’t skip your risk management setup 👉 Wait for the data, spot the bias, and trade with discipline. 📈 Good luck out there! The Support and Resistance outlined in green and red are the respective support/resistance for this pair currently for 1M-1Y timeframes! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
Long
by TradeWithTheTrend3344
UPDATE ON BTC ANALYSISBTC/USD 1D - Well as you can see price has played out exactly as we predicted yesterday providing us with an amazing push to the upside. I do however want to see price correct itself before the next push up. I have gone ahead and marked out the order block I have in mind that I would like to see price come and clear before it continues in this hawkish way. I feel this could be a great area to get involved in those longs from. As we know there are some great prospects for BTC so its important that we are always looking for key areas of interest for us to buy in from with this market being a bullish one. I will keep you all posted on how this market places out over the coming days, but a big well done to anyone who may have taken advantage of the last post on this pair and profited!
CAPITALCOM:BTCUSDLong
by Lukegforex
USDCHF Daily, H4,H1 Forecasts, Technical Analysis & Trading IdeaMidterm forecast: 0.84000 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. OANDA:USDCHF Technical analysis: A trough is formed in daily chart at 0.80385 on 04/21/2025, so more gains to resistance(s) 0.83314 and maximum to Major Resistance (0.84000) is expected. Take Profits: 0.83314 0.84000 0.85430 0.86286 0.87550 0.89147 0.90367 0.92218 0.94400 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Long
by ForecastCity
2
THOUGHTS ON THE GBP/USD MARKETGBP/USD 1H - Yes we are wanting to see weakness in the USD this week, however price may trade us lower initially to clear the orders fully before the move higher. We have seen that price has broken structure fractally on the 30M timeframes, again this could be short lived and this could be just to clear the inefficient structure before taking us higher again, missing the zone we have marked out below. This is why it is important that with every trade we place we wait for relevant confirmation before entering to avoid getting caught out. I will be waiting for price to trade us up and breaking structure fractally before I look to take the market short. Even then it will only be an intraday/day trade, one that I will look to close by the end of week. I will keep you all posted with anything I do on this pair. SIT ON YOUR HANDS AND WAIT!
Short
by Lukegforex
LOOKING TO TAKE THIS MARKET LONGGBP/JPY 1H - I am looking to take this market long as well, I am expecting weakness in the dollar this week and this market backs my thoughts based on the fundamentals. We have seen that price has come to trade back into this area of Demand and in doing so has provided us with the potential means to get involved with some long trades. In order for me to take part in this market long though I want to get involved with a refined entry, I have gone ahead and set an alert just above zone price has traded into recently and one above the zone lower. I want to see price either correct itself fractally now, trading down to clear the FVG or lower down and into the large Demand Zone I have marked out for us. I will update you all when I have something.
Long
by Lukegforex
UPDATE ON EUR/USD ANALYSISEUR/USD 1H - As you all know I am looking to take this market long as soon as price has given us the confluence and confirmation needed in order to take it long. I want to see price trade down and into a relevant area of Demand in order to deem us a refined entry, once price trades down and into the Demand Zone we then want to see relevant breaks in structure. This is because a break in the structure that traded price down, the correction, would essentially confirm to us that it has come to an end and enough Demand has been introduced to see the market now trade higher. Once we have the break in structure and we have the confirmation needed, its then a case of waiting for price to pullback, trading into a more refined area of interest, this is where we enter from.
Long
by Lukegforex
SOLUSDT SOLUSDT Analysis 📊 🔹 Support Levels: 118, 112, and 107 USD 🔹 Resistance Levels: 130 and 150 USD ✅ The price has reacted positively after testing the 118-112 USD support zone, showing a short-term bullish move with increasing volume. 📉 If the price fails to break 130 USD, a pullback to 118 USD is possible. 📈 A breakout above 130 USD could pave the way for a move toward 150 USD. 🔍 Conclusion: The bullish trend remains unconfirmed until 130 USD is broken.
Long
by EhsanZeydabadi
USDJPY / 6J1! - Compelling reversal pointThe Yen futures (inverted from USD.JPY) are entering a multi-year resistance level. Considering the yen has arrived at this zone on one-sided trading with high momentum, a reversal trade is compelling from a market psychology perspective. As an additional non-technical confluence, there are also news rumours circulating on social media streams regarding an imminent new trade agreement between the two countries. If prices remain static for the next hour, the daily close will print a shooting star reversal candlestick pattern. Using a retracement entry at today's developing POC, which roughly aligns to the 0.382 intraday fib level, with a stop above the intraday (H1) swing high. A RR at opening of approximately 1:10 is available. Ideally, risk would be managed on H1 time frame for this type of trade. Note USD.JPY Forex charting will be inverted from the futures.
CME:6J1!Short
by TradeSift