Trend Lines
GOLD → Consolidation forms a trigger. Rally?FX:XAUUSD continues to rise amid weakening dollar demand due to Trump's imposition of new tariffs. GDP and Initial Jobless Claims ahead
Gold is further supported by renewed concerns about a slowdown in the US economy due to trade duties. However, growth beyond ATH remains questionable due to geopolitical nuances.
The market focus shifts to macroeconomic data: the final US GDP for the fourth quarter and jobless claims will be released today. Also the attention will be drawn to the speeches of the Fed representatives, who earlier made it clear that they are in no hurry to cut rates due to inflation risks caused by Trump's tariff policy
Resistance levels: 3038, 3046, 3056
Support levels: 3033, 3025
The strong resistance is 3038. Breakdown and price consolidation above this level will provoke continuation of growth (there is a chance of ATH retest). But, since there is news ahead, gold may test the zone of interest and liquidity 3030-3025 before further growth.
Regards R. Linda!
EURNZD Long BiasThe EURNZD pair is currently breaking out of a descending trendline on the 4H timeframe, signaling a potential shift in momentum. The price has recently bounced from a key demand zone, aligning with the 38.2% Fibonacci retracement level, suggesting strong bullish interest.
Additionally, the price is now trading above key moving averages, reinforcing the bullish bias. A sustained break above the breakout level could confirm further upside potential, with the next target around the 1.92 zone. However, if the price fails to hold above the breakout level, a potential retest of the demand zone near 1.87 could be expected before resuming upward momentum.
GBPUSD InsightWelcome, Subscribers!
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Key Points
- Reuters reported that the U.S. has no plans to negotiate with the European Union until next week's reciprocal tariff announcement.
- President Trump, through Truth Social, warned that if the EU and Canada cooperate to economically harm the U.S., he would impose significantly higher tariffs.
- In the U.K., the persistent fiscal deficit issue has once again drawn attention, leading to a rise in U.K. government bond yields. The British government has revised its 2024 GDP growth forecast downward from 2% to 1%.
Key Economic Events This Week
+ March 28: U.K. Q4 GDP, U.S. February Personal Consumption Expenditures (PCE) Price Index
GBPUSD Chart Analysis
After reaching the 1.30000 level, GBPUSD has failed to show a clear trend and continues to move within the lower range of this level. If it fails to break above 1.30000 and moves downward, it may decline to 1.28000 before rebounding toward 1.31000. Conversely, if an upward trend continues, it is likely to break 1.31000 and rise further toward 1.34000.
Strong GDP, Weak USD – How Will EURUSD React!?Today's U.S. data showed strong GDP growth (2.4%) , but lower inflation ( 2.3% Final GDP Price Index ) and a weaker trade balance ( -147.9B ) suggest the Fed may remain cautious on rate hikes. This limits USD's strength , supporting a potential EURUSD rebound .
EURUSD ( FX:EURUSD ) is moving in the Support zone($1.08180-$1.0745) and has also managed to break the Downtrend line . 50_SMA(Weekly) plays a good role of support for EURUSD .
In terms of Classic Technical Analysis and Price Action , there is also a possibility that EURUSD will return to an uptrend with Inverse Head and Shoulders and Bullish Quasimodo Patterns .
Regarding Elliott Wave theory , it seems that EURUSD has managed to complete the main wave 4 . The main wave 4 structure is an Expanding Flat Correction(ABC/3-3-5) .
I expect EURUSD to trend higher in the coming hour s and rise to at least $1.0855 , and if the Resistance zone($1.0867-$1.0850) is broken, we should expect more pumping .
Note: If EURUSD breaks below the 50_SMA(Weekly), we expect further declines. The worst Stop Loss(SL) could be $1.072.
Please respect each other's ideas and express them politely if you agree or disagree .
Euro/U.S. Dollar Analyze (EURUSD), 2-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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COPPER Technical Analysis📊 COPPER (1D) Technical Analysis 📊
🔹 Trend Overview:
Copper is in a strong uptrend, testing a key resistance level. A breakout or rejection here will determine the next move.
🔹 Key Levels:
📈 Resistance: 5.393 – A breakout above this level could send price higher.
📉 Support: 5.098 – If broken, price may drop to 4.832.
🔹 Market Structure:
🚀 Bullish scenario: Rejection/hold of 5.098 & we might see price back to 5.3967 → Break & Retest → Target higher levels.
⚠️ Bearish scenario: Break of 5.098 → Drop to 4.832 → Further decline if broken.
🔹 Trade Idea:
Bullish above 5.09840 & 5.393, targeting new highs.
Bearish below 5.09840.
📌 Risk Management: Wait for confirmation of breakout or rejection before entering trades.
Silver Bulls in Control as $34.87 Retest Comes Into ViewThe bullish move in silver we anticipated has played out nicely following the break of wedge resistance earlier this week, with the price squeezing above $34.24 on Thursday. Bulls will now be eyeing a retest of the October 24 swing high of $34.87.
Momentum indicators such as RSI (14) and MACD are trending higher, reinforcing the bullish setup and favouring buying dips and bullish breaks.
A retrace back toward $34.24 would create a setup where longs could be established above the level with a stop beneath for protection. While resistance may emerge around $34.50, $34.87 screens as a more appropriate target for those seeking greater risk-reward. A break above that would leave silver trading at multi-decade highs.
If silver were to reverse and close beneath $34.24, the bullish bias would be invalidated.
Good luck!
DS
NZD/JPY 4H - Bullish Reversal Setup NZD/JPY 4H Chart Analysis 📊🔥
Key Observations:
Market Structure:
The market has been in a downtrend but appears to be forming a potential reversal pattern.
A swing low (SH) has formed, indicating possible liquidity grab or accumulation.
Change of Character (CH) suggests a potential shift from bearish to bullish momentum.
Support & Demand Zone:
A demand zone (orange area) is highlighted around 82.92, which may act as a strong support level.
Price is expected to tap into this area before a potential bullish rally.
Upside Target 🎯:
If price respects the demand zone, we could see a bullish push towards the 88.29 resistance level.
The 200 EMA (red line) could act as a dynamic resistance along the way.
Trade Idea 💡:
Bullish Bias: Looking for long entries near 82.92 with targets around 88.00+.
Risk: If price breaks below the demand zone, further downside could be expected.
Conclusion:
📌 Watch for price reaction in the demand zone! If buyers step in, we could see a strong bullish move towards 88.00+. 🚀📈
Public strategy all correctSo far, everyone has made a profit by following the trading plan. We arranged short orders at 3032 and 3052 for gold, but the short-term trend was strong, so we all left the market at 3038! We collected another 80 points of profit! The operation idea is very clear.
News analysis: Why is 3026 so critical? Looking back at the rebound of gold prices in the past few days, it is not difficult to find that many previous rebounds have retreated near 3026. At the same time, this point is also the first time that gold prices have bottomed out and rebounded from 3056 before this round. After breaking through, it rebounded many times but failed to pass. This is a typical watershed between longs and shorts. In fact, yesterday's gold price had already meant to break upward, but the market tension was limited yesterday. The first wave of impact to 3038 this morning has already sounded the horn of the bulls' charge. Unfortunately, it was not sure whether 3026 could be held at that time. If the high position is near 3030, the defense should be placed below 3020, which is a little big. There is no reverse follow-up to keep up with the rhythm of this wave of rebound.
Technical analysis of gold: The current idea of the end of the trading day is very clear. We chose to take short positions below the previous historical high of 3055-57 for the second time. The short positions of 3050-52 have now retreated to around 3038. Since there has been a high-level decline, it shows that the bulls are not that strong. There has been no breakout in one go. The probability of breaking 3055 tonight is gradually decreasing. The end of the trading day will most likely remain in the 3030-50 range for consolidation, and the focus will be on tonight's closing point. If the high-level close is above 45, the gold price may set a new high tomorrow; if the closing line is below 35, it will maintain a high level of volatility tomorrow, Friday.
Operation strategy: If gold falls back to around 3030-35, you can take long positions. Gold can still be shorted around 3055-58
Trading discipline:
1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions. Operate according to our operation plan. The information in the market is complicated. Blindly following the trend can easily lead to the dilemma of chasing ups and downs.
2. All short-selling profit-taking areas 3050-3045 are closed.
3. In gold trading, we will continue to pay attention to news and technical changes. Once there is a change, we will inform you in time and strictly implement trading strategies and trading disciplines to move forward steadily in a volatile market and achieve steady appreciation of assets.
GBPCAD - Weekly Forecast,Technical Analysis & Trading IdeasTechnical analysis is on the chart!
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OANDA:GBPCAD
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Doge coin updateHey traders! 👋
We’ve just had a beautiful bounce off the demand zone for Dogecoin (DOGE), and things are looking exciting! 🐕💥
1️⃣ Solid Bounce at Demand Zone – The price showed incredible strength as it bounced off the demand zone, validating our entry point. It’s been an awesome ride so far, and the momentum is building.
2️⃣ First Take Profit at $0.24 – We are taking our first take profit at $0.24, which is a solid milestone. If you've been following this trade, now is the time to lock in some profits targets and adjust your strategy.
3️⃣ Moving Stop-Loss to Break Even – With the market moving in our favor, we’re shifting our stop-loss to break even, or even slightly into profit. This ensures that no matter what happens next, we walk away with a win! 📈💸
Keep an eye on the price action as we move forward. It’s all about managing risk and taking profits along the way. Let’s keep pushing for those gains! 💪🚀
AUD/JPY 1D possible scenario Technical Analysis 1D
The pair is testing a long-term downtrend resistance. A breakout could signal further upside.
Key Levels:
Support: 95.52
Resistance: 98.49 | 102.62 | 109.40
Fundamental Factors:
Australian Dollar Strength: Driven by commodity demand and potential RBA rate decisions.
Japanese Yen Weakness: BoJ’s ultra-loose policy keeps the yen under pressure.
Risk Sentiment: AUD/JPY correlates with market risk appetite; stronger equities could support upside.
A breakout above 95.52 may open the path toward 98.49.
GBPJPY Long IdeaIn the daily graphs we can observe the price moving between the two daily trend lines which creates triangle.
As the increasing trendline is strong for now, we are most likely to seek the Long position in this pair.
At the best scenario we will look for the price close daily above the previous major high of 194.900, if yes after a little retest we can come up to at leass to the decreasing trendline to 197.000 levels. So after breaking above and reaching to that point we can see a pull back to the previous resistance level to be turned into new support and after buy confirmation we can look for another highs which were previous daily resistance zones 198.800 and 199.800.
On the other scenarios as shown on the chart we can either make the decreasing trendline a strong resistance zone and come back to the previous strong daily resistance zones of 189.200.
Let's see and observe what opportunities the market will give us.
Good Luck!
CHFJPY: Bullish Rally ContinuesI see another bullish pattern on 📈CHFJPY, this time in the form of an ascending triangle formation.
The price has broken above the neckline and closed higher, indicating a strong uptrend.
This pattern suggests that there is a high likelihood of continued growth, with the next resistance level at 172.
BTC 4H setup : Potential Long Opportunity
Trade Setup: Long (Buy) Position
📍 Entry:
Look for an entry between 85,500 - 86,300 USDT once the 4H RSI shifts back upward.
Price is currently testing the 200 MA as support, a potential bounce zone.
The 1H RSI is upward but likely to dip slightly before aligning with the 4H timeframe for a buy signal.
The dotted resistance line should be watched for confirmation.
🛑 Stop Loss:
If price breaks and closes below 85,000 USDT, cancel the trade.
Suggested stop loss around 84,700 USDT to manage risk.
🎯 Take Profit Targets:
88,500 USDT (previous resistance)
89,800 USDT (recent high)
📌 Trade Considerations:
Wait for the 4H RSI to cross into the buy zone before executing the trade.
Use the 12-hour chart for confirmation before entering.
Lower timeframes (15M, 1H) can refine the entry for an optimal position.
📢 Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research before making any decisions.
Gold Breaks Resistances_ Is a New All-Time High(ATH) on the Way?Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($3,032-$3,021) and has managed to break the Resistance lines .
In terms of Elliott Wave theory , it seems that Gold has completed the main wave 4 . The structure of the main wave 4 is Double Three Correction(WXY) . One of the signs of the completion of the main wave 4 can be the breakdown of the resistance lines and the Resistance zone($3,032-$3,021) .
I expect Gold to trend upwards in the coming hours and can even create a New All-Time High(ATH) .
Do you think Gold can create a new All-Time High(ATH)?
Note: If Gold goes below $3,013, we should expect more dumps.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.