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Technical Analysis

EURCAD: Bullish Move From Support Confirmed 🇪🇺🇨🇦 EURCAD may continue growing after a strong bullish reaction to a key daily support. The market was accumulating for some time on that within the intraday horizontal range. Its resistance was broken with both 4H/1H candles. Next goal - 1.5592 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
XAU/USD Outlook: Gold's Bullish Momentum Strengthens 📌 XAU/USD Analysis: Gold on a Strong Bullish Momentum Amid Economic Optimism 📈💰 ✨ Overview: Gold (XAU/USD) is currently demonstrating significant bullish momentum, driven by improved global economic sentiment. The recent 90-day tariff suspension among major global economies and hints from the recent FOMC meeting about potential rate cuts later this year are fueling investor optimism. 📊 Technical Analysis: 🔹 Key Resistance Levels: 3,146 3,162 3,168 🔸 Key Support Levels: 3,096 3,078 3,066 3,052 📈 Moving Averages Analysis: MA 13 (Short-term): Clearly supports bullish momentum, offering buy signals as price sustains above this MA. MA 34 (Medium-term): Supporting bullish sentiment with prices comfortably above. MA 200 (Long-term): Reinforces the robust long-term bullish outlook with price consistently trading above this level. 🚀 Trading Strategy & Recommendations: BUY Strategy (Preferred Scenario): Entry Zone: 3,094 – 3,096 Stop Loss: 3,090 Take Profit Levels: 3,100 | 3,104 | 3,108 | 3,112 | 3,116 | 3,120 SELL Strategy (Cautious Approach): Entry Zone: 3,164 – 3,166 Stop Loss: 3,170 Take Profit Levels: 3,160 | 3,156 | 3,152 | 3,148 | 3,144 | 3,140 🌍 Fundamental Context: Positive Market Sentiment: The global economic outlook has turned favorable due to tariff suspensions and strong performance in equity markets. Interest Rate Outlook: Recent signals from the FOMC regarding possible interest rate cuts are providing further support for gold’s upward trajectory. ⚠️ Risk Management: Emphasize caution when engaging in short positions, given the prevailing bullish conditions. Always implement strict stop-loss measures and maintain risk-to-reward ratios of at least 1:2. Avoid over-leverage and ensure trades are sized appropriately. 💡 Conclusion & Final Thoughts: Gold remains strongly bullish, backed by both technical indicators and a positive fundamental backdrop. Traders are encouraged to focus primarily on buy opportunities near significant support levels and remain alert to potential trend reversals at key resistance zones. 🗨️ Engage with Us: What are your current strategies for gold? Share your insights and views in the comments section below! 💬👇
OANDA:XAUUSDLong
by MMFlowTrading
2
DOW JONES INDEX (US30): Bearish More From Resistance It looks like US30 is returning to a bearish trend again. I see a strong bearish sentiment after a test of a key daily resistance. The price formed an inverted cup and handle pattern and we see a strong bearish imbalance with London session opening. Goal - 39.685 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:US30Short
by VasilyTrader
1
WHY GBPUSD BULLISH ?/ DETAILED ANALYSISGBPUSD has successfully completed a textbook retest of a major demand zone around 1.2650–1.2700, and we’re now seeing signs of bullish strength returning to the pair. After a corrective move from recent highs, price respected this zone with high precision, forming a strong bullish rejection candle that signals a potential reversal. With the market pushing back above 1.2850, we now have a clean higher low structure forming, indicating the next bullish leg is likely in play. Technically, the 12H chart structure aligns well with a bullish continuation model. Price broke structure to the upside, came back to retest the neckline of the previous impulse leg, and is now bouncing with solid momentum. This is a classic demand zone reaction paired with a clean V-recovery pattern. As long as GBPUSD holds above 1.2700, I am targeting the 1.3400–1.3460 region in the coming weeks. The risk-reward setup here is highly favorable, with clearly defined invalidation below 1.2650 and upside potential aligned with macro sentiment. On the fundamental side, GBP remains supported by persistent wage growth and sticky inflation in the UK economy, leading the market to price in fewer near-term rate cuts from the Bank of England. Meanwhile, the US dollar has started to show cracks as softer inflation data and slower NFP numbers last week are reducing expectations for further Fed tightening. This divergence in policy outlook between the BoE and the Fed is fueling GBPUSD upside, especially as the pair trades around key psychological levels. Overall, with a strong confluence of technical bounce from demand, bullish fundamentals, and market sentiment shifting toward risk-on, GBPUSD looks well-positioned for further upside. A break and hold above 1.2900 will likely accelerate the move toward 1.3460. I'll be watching closely for momentum continuation setups as the pair builds bullish pressure in this zone.
Long
by AndrewsMarket-Mastery
2
WHY NZDUSD BULLISH ?? DETAILED TECHNICALS AND FUNDAMENTALSNZDUSD has just completed a clean technical retest at a key demand zone around the 0.5560–0.5600 region and is now showing signs of a strong bullish reversal. The recent structure formed a classic “V-shape” recovery, and price is holding firmly above the psychological level of 0.5700. The market has now reset its lower time frame structure and is preparing for a potential bullish continuation toward the 0.6100 target zone in the coming sessions. Technically, the pair respected its support zone perfectly after a sharp corrective move from the March highs. The retest confirms previous support turned demand, with the 12H chart indicating a potential bullish breakout setup. With the rejection wicks and impulsive bullish engulfing candle seen in the latest session, the momentum has clearly shifted back in favor of the bulls. I'm eyeing a steady climb toward the 0.6000–0.6100 range, especially if we break above the 0.5800 resistance level decisively. On the fundamental side, the US dollar is showing signs of exhaustion ahead of key inflation data. Market sentiment is slightly dovish on the Fed’s rate trajectory due to softening labor data and a cooling services sector, while New Zealand is holding a relatively steady economic outlook. Although RBNZ remains cautious, commodity demand and improving risk sentiment are currently supporting the Kiwi. Traders are pricing in reduced rate hike expectations from the Fed, which gives NZD a comparative edge in short to mid-term flows. With positive technical confluence, shifting fundamentals, and improving global risk appetite, NZDUSD looks poised for a solid upside run. As long as the price stays above 0.5600, I remain bullish. A break above 0.5800 could act as the catalyst for acceleration toward 0.6100, providing a favorable risk-reward opportunity in the current market conditions.
by AndrewsMarket-Mastery
1
Nightly $SPY / $SPX Scenarios for April 10, 2025🔮 🔮 🌍 Market-Moving News 🌍: 🇺🇸📈 U.S. Tariff Pause and Increased Tariffs on China: President Donald Trump announced a 90-day pause on tariffs for most trading partners but increased tariffs on Chinese imports to 125%. This move led to a surge in global stock markets, with the S&P 500 rising by 9.5% and the Dow Jones by 7.9%. ​ 🇨🇳📈 China's Retaliatory Tariffs: In response, China imposed additional tariffs of 84% on U.S. goods, escalating trade tensions and impacting global markets. 📊 Key Data Releases 📊 📅 Thursday, April 10: 📈 Consumer Price Index (CPI) (8:30 AM ET): Forecast: 0.1%​ Previous: 0.2%​ Measures the average change over time in the prices paid by consumers for goods and services, indicating inflation trends. ​ 📉 Initial Jobless Claims (8:30 AM ET): Forecast: 219,000​ Previous: 225,000​ Reports the number of individuals filing for unemployment benefits for the first time, reflecting labor market conditions. ​ 🗣️ Fed Governor Michelle Bowman Testifies to Senate (10:00 AM ET): Provides insights into the Federal Reserve's perspective on economic conditions and monetary policy. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.​ 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYLong
by TrendTao
Zinc (ZINC) – Technical Analysis 1WThe price has broken below the 1W trendline, confirming a bearish scenario. After a fake breakout, the price moved downward and is now targeting 2551 and 2283. A breakdown below these levels could accelerate the decline. RSI shows weakening momentum, MACD signals a bearish crossover, and EMA 50/200 suggest further downside. Fundamentally, zinc prices depend on industrial demand, macroeconomic conditions, and USD strength. The main scenario is a drop to 2551 and 2283, while a recovery above 2900 could push prices toward 3100.
SKILLING:ZINCShort
by TotoshkaTrades
CRUDE OIL (WTI): Important Support Clusters to Watch On a today's live stream, we discussed potentially significant historic supports on WTI Crude Oil to watch. Support 1: 57.0 - 59.0 area Support 2: 52.5 - 54.6 area Support 3: 48.8 - 50.4 area Support 4: 40.6 - 43.7 area The price is currently testing a lower boundary of Support 1. It perfectly matches with a completion point of a harmonic ABCD pattern. It looks like we may see some pullback soon. ❤️Please, support my work with like, thank you!❤️
FX:USOILLong
by VasilyTrader
1
Markets On Edge: Gold Soars, Dollar Stumbles, Bitcoin Bounces 🔍 Midweek Market Outlook: What’s Driving DXY, Gold & Bitcoin Right Now? We’re in the middle of one of the most eventful trading weeks of the year. The U.S. Dollar is retreating under policy pressure Gold has officially gone parabolic, smashing through $3,000 Bitcoin is pulling back hard, down nearly 30% from its highs These aren’t just price moves — they’re reflections of real economic stress and shifting capital flows. In this week’s outlook, I break down: 📌 The key macro drivers behind these moves 📌 How the latest inflation data, Fed tone, and geopolitics are shaping sentiment 📌 Why gold is rallying like it’s 1980 all over again 📌 And what traders should anticipate next on DXY, XAUUSD, and BTCUSD If you trade or invest in these markets, this is one of those weeks where fundamentals can’t be ignored. 🧠 Insights. 🎯 Forecasts. 🛠️ Trade Prep. Check it out — link in the comments.
TVC:DXY
by DeanMuller
GOLD MARKET UPDATE – Trend Breakouts and Market Structure Shift🟡 GOLD MARKET UPDATE – Trend Breakouts and Market Structure Shift Gold has broken through both the parallel ascending channel and a narrow triangle pattern at the edges, resulting in a strong buying momentum (FOMO BUY). This move can be attributed to a mild positive shift in the US stock market yesterday, along with some upward momentum in the Asian and European markets today. 📉 Current Situation: It’s still unclear whether this movement is tied to positive news about tariffs, but an important level to watch is 3075 – 3077. If this level is breached, it may be time to reassess the outlook and consider shifting towards a BUY. 💡 Currently, there’s strong buying activity during the European session. It’s recommended to avoid jumping into BUY positions at these levels and to refrain from selling too aggressively. 📌 Scenario for Today: Look for potential BUY opportunities at the important levels 3030 – 3018 during the European session, and stay tuned for updates regarding FOMC tonight. 🔮 Be Cautious: The FOMC meeting will take place later today, which could lead to significant market movements. Be prepared for potential volatility and liquidity sweeps in less liquid areas. 🧭 Key Technical Levels: 🔺 Resistance: 3075 – 3090 – 3110 🔻 Support: 3030 – 3018 – 3000 – 2988 – 2974 🎯 Trade Setup: 🔴 SELL ZONE: 3074 – 3076 SL: 3080 TP: 3070 – 3066 – 3062 – 3058 – 3054 – 3050 – 3040 🟢 BUY ZONE: 2976 – 2974 SL: 2970 TP: 2980 – 2984 – 2988 – 2992 – 2996 – 3000 📌 Reminder: The market is currently very sensitive, so stick to risk management rules, ensure full TP/SL implementation, and avoid making hasty decisions. Be cautious and watch the market movements closely! — AD | Money Market Flow
OANDA:XAUUSDShort
by MMFlowTrading
6
#BTCUSDT at a Turning Point: Volume, Pattern & Macro Analysis🚀 BYBIT:BTCUSDT.P is potentially entering the final phase of a correction, but key levels have not yet been broken or confirmed — caution and reliance on validated signals are essential. ✅ Technical Analysis: 📈 Overall Timeframe Context: ➡️ 1H (hourly chart): A “double bottom” structure is forming, suggesting potential for a local rebound. Volume is gradually increasing at the second reversal point (Bottom 2), confirming growing buyer interest. A resistance zone is forming near the POC (83,236.9), but the price has yet to firmly break above 77,000. ➡️ 4H (4-hour chart): A more distinct “double top” pattern (Top 1 / Top 2) has already played out. Price broke down from the sideways range, falling below the lower boundary of the rectangle. It is currently trading near the key support level of 74,907.8 with an attempt to bounce back upward. ➡️ 1D (daily chart): A key observation is the breakdown of the ascending wedge, followed by the formation of a falling wedge — a potentially bullish pattern. The price is testing the lower edge of this wedge. A sharp increase in volume may indicate the start of an accumulation phase. 📍 Key Point: ➡️ The 74,907.8 level has been tested twice with strong volume response, reinforcing its role as a critical support zone. ➡️ A large liquidity cluster around the 83,000–84,000 POC zone could act as a price magnet in the event of a reversal. 📊 Volume Profile Analysis: ➡️ Across all timeframes, the POC is shifting toward the upper part of the range, confirming that buyers previously dominated the market. Redistribution now appears to be underway. ➡️ Most of the volume activity has been concentrated in the 83,000–85,000 range — if price returns to this zone, strong resistance is expected. 🔄 Market Structure: ➡️ A transition is underway from a distribution phase to a potential accumulation phase. ➡️ The downtrend remains active on the daily chart, but there are signs of momentum slowing and attempts to form a bottom. ✅ Fundamental Analysis: 🌐 Macroeconomic Outlook: ➡️ In early April, discussions about a potential Federal Reserve interest rate cut are expected to continue — a moderately positive factor for risk assets, including cryptocurrencies. ➡️ BYBIT:BTCUSDT.P remains in the spotlight for institutional investors (with ongoing inflows into BYBIT:BTCUSDT.P ETFs), though geopolitical uncertainty and dollar liquidity pressure persist. 🏦 Capital Flows: ➡️ Trading volume remains high, but there is a lack of significant inflows, suggesting that major players may be adopting a wait-and-see stance. 📢 Recommendations for BYBIT:BTCUSDT.P : 📢 Closely monitor the price reaction in the 74,900–75,000 zone — a breakout or confirmation of support will determine short-term direction. 📢 The 78,279.2 level is a key resistance — its breakout could attract new buyers. 📢 Watch how price behaves within the falling wedge (1D); if the structure tightens and volume increases, a breakout may follow. 📢 Keep monitoring macroeconomic events — particularly U.S. inflation data and upcoming Fed meetings. 📢 Pay close attention to volume activity at local lows — this may be the key to spotting a trend reversal.
by MoriartyTrading
Will Gold Shine Again Once The Tariff Storm Is Settled?Macro: - Gold prices have fallen since Trump's 'Liberation Day' tariff announcement, as global stock market pressure and hedge fund margin calls forced asset liquidations, including gold. - Despite the short-term drop, gold remains a key medium-term hedge against recession risks and ongoing uncertainty once markets stabilize. - High volatility may persist until tariff disputes are resolved and central banks clarify potential support measures. Technical: - XAUUSD fluctuates within the range of 2957-3055. The price is between both EMAs, indicating an intact sideways structure. - If XAUUSD breaks below the support at 2957, the price may retest the following support at 2880. - On the contrary, breaking above 3055 may lead to a record-high retest at around 3135. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
ICMARKETS:XAUUSDLong
by DatTong
Nightly $SPY / $SPX Scenarios for April 9, 2025🔮 🔮 🌍 Market-Moving News 🌍: 🇺🇸📈 Implementation of New U.S. Tariffs: As of April 9, the U.S. has imposed a 104% tariff on Chinese goods, escalating trade tensions and raising concerns about a potential global economic slowdown. 🛢️📉 Oil Prices Decline Sharply: In response to escalating trade tensions, oil prices have fallen nearly 4%, reaching their lowest levels since early 2021. Brent crude dropped to $60.69 per barrel, while West Texas Intermediate (WTI) declined to $57.22. 📊 Key Data Releases 📊 📅 Wednesday, April 9: 📦 Wholesale Inventories (10:00 AM ET): Forecast: 0.3%​ Previous: 0.8%​ Indicates the change in the total value of goods held in inventory by wholesalers, reflecting supply chain dynamics.​ 🗣️ Richmond Fed President Tom Barkin Speaks (11:00 AM ET): Remarks may shed light on economic conditions and policy perspectives.​ 📝 FOMC Meeting Minutes Release (2:00 PM ET): Provides detailed insights into the Federal Reserve's monetary policy deliberations from the March meeting.​ ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.​ 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by TrendTao
#VOXELUSDT is in an uncertain zone📊 BYBIT:VOXELUSDT.P Scenario – Potential for Movement in Both Directions! 🚀 BYBIT:VOXELUSDT.P is forming a bullish Falling Wedge pattern — a breakout to the upside could provide a great risk/reward long opportunity! At the current stage, the BYBIT:VOXELUSDT.P market is shaping a scenario where both directions — long or short — are possible, depending on the reaction to key levels. ✅ Overview ➡️ The chart shows two key formations:  🔻 Bearish Pennant – a bearish continuation pattern, which has already played out to the downside.  🔻 Falling Wedge – a potentially bullish pattern, and price is now near the lower boundary of the wedge. ➡️ A weak bounce on volume is visible, and price is approaching a key resistance zone — a potential target if the wedge breaks out upward. ➡️ If the wedge plays out, a bullish impulse is expected. Timeframe: 1H 📈 LONG BYBIT:VOXELUSDT.P from $0.03406 🛡 Stop loss: $0.03322 🎯 TP Targets: 💎 TP 1: $0.03456 💎 TP 2: $0.03526 💎 TP 3: $0.03586 ➡️ This scenario becomes viable if price breaks and consolidates above the $0.03126–$0.03200 zone, opening the path toward the POC zone at $0.03676. ➡️ Volume should increase on the breakout to confirm momentum. 📉 SHORT #VOXELUSDT from $0.03016 🛡 Stop loss: $0.03126 🎯 TP Targets: 💎 TP 1: $0.02960 💎 TP 2: $0.02900 💎 TP 3: $0.02860 ➡️ This scenario activates if the price fails to rise and pulls back below $0.03000. ➡️ Volume should confirm seller pressure. ➡️ The chart shows lower highs — risk of further decline remains. 📍 The price is currently in a critical decision zone , between the short entry level and the potential breakout zone for a long. 📍 The support below is strong — it has held the price several times already. No clean breakdown has occurred yet, which increases the chances of the wedge breaking upward. 📍 Avoid rushing into a position — wait for a clear confirmation in either direction (e.g., strong impulse on volume and consolidation above/below key levels). 📢 General advice on this asset: 📢 Wait for direction confirmation — both long and short setups are valid. 📢 Stay flexible and adjust to the move. 📢 Manage your risk carefully — do not enter without a signal. 🚀 BYBIT:VOXELUSDT.P is in an uncertain zone — the signal could play out in either direction. Watch the key levels and enter only after confirmation!
by MoriartyTrading
Foundation of Technical Trading: What Makes a Chart Tradable?The Foundation of Technical Trading There is an abundance of information on price charts, technical methods, indicators, and various tools. However, the required first step is to understand basic market structure. Without this foundational knowledge, technical applications risk becoming inconsistent and disconnected from broader market behavior. It is also important to question whether technical charts and tools are effective at all. What makes the market responsive to a trendline, a pattern, or an indicator? And why, at other times, do these tools seem entirely irrelevant? Is the market random? If certain events are predictable, under what conditions can such occurrences be expected? Experiment: Random Charts Here is an illustration of four charts; two showing real price data and two randomly generated. While some visual distortion gives away subtle differences, there are more refined methods to construct this experiment that makes telling the difference between real and random almost impossible. All these charts show viable patterns and possible applications. When presented with these, even experienced people tend to construct narratives, whether or not structure is present. This raises a fundamental question; how can one distinguish real occurrences from coincidental formations on a chart? In case all movements are considered random, then this should indicate that applied methods perform no better than coincidence? Bias and Distortion It’s also important to comprehend the influence our perception. As humans we are wired to find patterns, even in random data, which can lead to various cognitive biases that distort our interpretation. For example, confirmation bias may lead us to focus only on evidence that supports our expectations, while apophenia causes us to see patterns where none exist. Similarly, hindsight bias can trick us into believing past patterns were obvious, which can develop overconfidence in future decisions. Awareness of these biases allows us to approach technical tools and charts with greater objectivity, with more focus on probabilistic methods and calculated risks. Experiment: Random Levels Perform the following experiment; open a chart and hide the price data. Then draw a few horizontal lines at random levels. Then reveal the price again. You’ll notice that price can touch or reverse near these lines, as if they were relevant levels. The same thing can happen with various indicators and tools. This experiment shows how easy it is to find confluence by chance. It also raises an important question, is your equipment and approach to the markets more reliable than random? Market Disorder Financial markets consist of various participants including banks, funds, traders and algorithmic systems. These participants operate with different objectives and across multiple timeframes resulting in a wide range of interpretations of market behavior. Trades are executed for various reasons such as speculation, hedging, rebalancing, liquidation or automation; directional intent could be unclear. For instance, the prior may serve to offset exposure, and portfolio rebalancing could require the execution of large orders without directional intent. Technical and chart-based trading likely makes up a minor segment of the overall market; even within this subset, there is considerable variation in perception and interpretation. There could be differences in timeframe, reference points, pattern relevance and responses to similar information. The market is broader, more complex and less definitive than it appears. The point is that markets contain a high degree of structural disorder, which means most assumptions should be questioned and perceived as estimative. The effect of buying and selling pressure on multiple timeframes sets the foundation for oscillation in price movements, rather than linear and monotonic movements. This pattern of rising and falling in a series of waves sets the points for where the current structure transitions between balance and imbalance. An overall equilibrium between buying and selling pressure results in consolidative price movement, whereas dominance leads to trending or progressive movement. Volatility Distribution To answer the main question: What differentiates real market behavior and charts from random data, and ultimately makes it tradable, is the distribution of volatility. This forms the basis for the phenomenon of volatility clustering, where periods of high volatility tend to follow high volatility, and low volatility follows low volatility. It is rare for the market to shift into a volatile state and then immediately revert to inactivity without some degree of persistence. Research supports the presence of this volatility persistence, though with the important caveat that it does not imply directional intent. Volatility Cycles These phases tend to occur in alternation, known as volatility cycles, which set the foundation for tradable price structures. This sequence consists of a contractive phase, marked by compression in price movements, followed by an expansive phase, characterized by increased volatility and directional movement. The alternation reflects shifts in underlying buying and selling pressure. This behavior offers a practical approach to interpret market behavior. A more detailed explanation of the concept could be explored in a future post. Conclusion While the idea of profitability through technical trading is often questioned, it remains a viable approach when based on sound principles. The edges available to the average trader are smaller and less frequent than commonly presumed. The concepts of volatility and the ability to locate areas of imbalance forms the basis for identifying conditions where market behavior becomes less random and more structured. This sets the foundation for developing technical edges. The content in this post is adapted from the book The Art of Technical Trading for educational purposes.
NASDAQ:QQQEducation
by StockLeave
NZDUSD: Support & Resistance Analysis and Key Levels 🇳🇿🇺🇸 Here is my latest structure analysis and important supports & resistances on NZDUSD. Support 1: 0.5506 - 0.5538 area Support 2: 0.5470 - 0.5479 area Resistance 1: 0.5644 - 0.5683 area Resistance 2: 0.5796 - 0.5854 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
3