Trend Lines
EURUSD InsightHello, subscribers!
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Key Points
- The Christian Democratic Union-Christian Social Union alliance and the Social Democratic Party announced that they had reached a constitutional amendment agreement with the Green Party, which had previously opposed, to establish a €500 billion infrastructure and defense special fund.
- U.S. Secretary of Commerce Howard Lutnick stated on April 2 that tariffs should be imposed on all cars imported into the U.S. when asked whether the reciprocal tariffs would apply to cars from countries like South Korea, Japan, and Germany.
- China's Ministry of Finance, Ministry of Commerce, and the People's Bank of China are scheduled to hold a joint press conference to announce measures to boost domestic demand. If China unveils a stimulus package larger than market expectations, it could trigger a weakening of the U.S. dollar.
- The Bank of Japan is expected to keep interest rates unchanged in its rate decision on the 19th, while the Bank of England is also expected to hold rates steady at its monetary policy meeting on the 20th.
Key Economic Events This Week
March 17: U.S. February Retail Sales
March 19: Bank of Japan Interest Rate Decision, Eurozone February Consumer Price Index, FOMC Meeting Outcome
March 20: Bank of England Interest Rate Decision
EURUSD Chart Analysis
The pair is attempting to break through the lower trendline of the previous upward trend. If this level is breached, further gains up to the 1.11000 level are expected. However, if it fails to break through the resistance, a retreat to the 1.06000 level is anticipated, though this scenario appears less likely.
ETH Price Prediction: Ready for a 94% Pump – A Key Breakout LoomThis chart highlights a critical moment for Ethereum (ETH). With a solid technical setup and clear indicators pointing towards a potential 94% pump, we're on the verge of a major breakout and then very strong retest point. Watch closely as ETH prepares to surge to new heights. Whether you're a long-term holder or a trader looking to capitalize on short-term gains, now is the time to pay attention. Stay sharp, the next move could be monumental.
[EL gold] Trendline Respected - Easy Money set up $Look for price to respect the trendline (~$2,985 - $2,990)
Enter Buy: Now or Near the trendline support (~$2,985 - $2,990)
Stop-Loss: Below $2,975 (below previous swing low)
Take-Profit Targets:
TP1: Mid-range pivot $3,000
TP2: Resistance zone $3,008 - $3,010
TP3 (Breakout Potential): If price breaks above $3,010, next target would be $3,020 - $3,030
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GBPJPY Trade Analysis**GBP/JPY 15-minute chart**
**Trade Analysis & Idea:**
📉 **Previous Downtrend**: The pair experienced a strong drop before finding support around **191.400**.
📈 **Current Recovery**: Price is now rebounding and trading above short-term moving averages (blue & red EMA).
🔄 **Resistance Zone**: The **192.000 - 192.200** area may act as resistance for further upside.
### **Potential Trade Setups:**
1️⃣ **Bullish Continuation**:
- If price **breaks & closes above 192.000**, we could see further upside towards **192.400 - 192.600**.
- A strong candle close above resistance would confirm bullish momentum.
2️⃣ **Rejection & Pullback**:
- If price struggles to hold above 192.000, a pullback toward **191.700 - 191.500** is possible.
- Look for **bearish candlestick patterns** (e.g., rejection wicks, engulfing candles) to confirm a short opportunity.
### **Risk Management:**
✅ Secure partial profits at key levels.
✅ Use **tight stop-loss** below **191.700** for longs or above **192.200** for shorts.
Credit Spreads - About to Blow?While credit spreads, which reached near-historic lows in 2024, remain tight, they have widened notably since the beginning of 2025. If this trend accelerates, it could put substantial pressure on the bond market, resulting in tighter financial conditions and corresponding headwinds for the domestic economy. The last 2-3 weeks have seen risk assets come under pressure, but the below chart suggests that the risk-off sentiment shift may still be early-stage... Whether viewed through a traditional technical lens or supply/demand, current levels could be considered supportive - risk is to the upside.
A few impacted ETFs: NASDAQ:IEF , NASDAQ:TLT , AMEX:HYG , AMEX:JNK
Jon
JHartCharts
A POSSIBLE SELL SET UP ON USDJPYThe USDJPY pair is currently on a down trend on daily time frame . On one hand, it’s trading within a descending channel, indicating a strong bearish structure, with a potential target of 145.200 . The price has broken below a key support zone and may pull back for a potential retest.
Dead Cat Bounce BTCUSDT🚨 High-Risk Analysis 🚨
This setup isn’t for the faint-hearted. It’s like trying to catch falling knives while blindfolded. But for those who thrive on risk—here’s the analysis.
📉 We've reached the second bottom.
(No one truly knows how deep the rabbit hole can go…)
Despite the uncertainty, we take control of our trade, set a strict stop-loss, and see if our cat still has one more jump left.
🔥 Factors in Favor of a Bounce:
✅ Deviation from the sloping trendline
✅ Formation of a second bottom
✅ Reversion to the mean price
✅ Approach to a major level, allowing for a tight stop-loss and an optimal risk-reward setup
✅ Candle wicks signaling potential price movement
⚠️ Bearish Risks:
Strong trend pressure could push lower
Lack of volume may fail to drive momentum
Final Thoughts:
This remains a high-risk trade, but with a strong profit potential, as long as stop-loss discipline is maintained.
🎯 Good luck to those taking the risk. Victory will be ours! 🚀🔥
Mon 17th Mar 2025 AUD/CHF Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/CHF Buy. Enjoy the day all. Cheers. Jim
POSSIBLE SELL SET UP ON NZDJPYThe NZDJPY pair is currently experiencing a mix of trends. On the one hand, it's reached a significant support zone, which has previously acted as a key demand zone, increasing the likelihood of a bounce if buyers step in . This support zone is highlighted by previous price reactions and strong buying interest.
On the other hand, the pair is also exhibiting signs of sustained bearish momentum, with a series of lower highs and lower lows on the 4-hour timeframe . This downtrend structure suggests that the pair may continue to decline.
Mon 17th Mar 2025 GBP/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Sell. Enjoy the day all. Cheers. Jim
Flight Centre Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Flight Centre Stock Quote
- Double Formation
* (Reversal Argument)) | Completed Survey
* (Flag Structure) | Short Bias Entry | Subdivision 1
- Triple Formation
* ABC Flat Feature | Wave Set Up | Subdivision 2
* (TP1) | Subdivision 3
* Daily Time Frame | Trend Settings Condition
- (Hypothesis On Entry Bias)) | Indexed To 100
- Position On A 1.5RR
* Stop Loss At 84.00 AUD
* Entry At 74.00 AUD
* Take Profit At 54.00 AUD
* (Downtrend Argument)) & Pattern Confirmation
* Ongoing Entry & (Neutral Area))
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
XAUUSD Analysis: Bearish Reversal with Potential for Liquidity📉 XAUUSD (Gold Spot vs USD) Analysis - 3H Chart
🌟 Shooting Star Pattern Detected: The market has formed a shooting star, a bearish reversal candlestick, signaling potential weakness at the top.
📍 Key Resistance Zone (Purple Box): Price action has been rejected from this area, showing strong selling pressure.
🔍 If Break Scenario: Should the price break below the 2,949 support zone (🔵), we can expect a bearish drop 📉 with potential liquidity grab before a pullback for a new all-time high (ATH) 🚀.
🧐 Market Sentiment: Bearish bias for now, but watch for a potential reversal after liquidity is swept.
✅ Trader's Tip: Wait for a clean break and retest before entering a short position. 🎯
EURUSD - How Long Will The Bullish Gravy Train Last?German Chancellor-in-waiting Friedrich Merz announced he had secured the crucial backing of the Greens for a massive increase in state borrowing.
The deal will likely be approved by the outgoing parliament next week. It includes a 500 billion euro ($544.30 billion) fund for infrastructure and sweeping changes to borrowing rules.
Due to this, the dollar weakened against the euro but rose against the Swiss franc and the yen, underpinned by the likelihood the U.S. government will avert a shutdown over the weekend.
Will this weeks high impact events lead to the weakening of EURUSD?
GBPUSD Possible Sell GBPUSD managed to break up the downtrend line and passed a retest and the price pumped up and managed to create a bullish change of structure . Currently the price level is trading close to both a strong liquidity and resistance levels plus it is also due for a pullback down. A sell opportunity is in place and this is counter trend trade .
Good LUck
WTI - Weekly Forecast - Technical Analysis & Trading IdeasMidterm forecast:
While the price is above the support 64.000, resumption of uptrend is expected.
We make sure when the resistance at 79.361 breaks.
If the support at 64.000 is broken, the short-term forecast -resumption of uptrend- will be invalid.
TVC:USOIL BLACKBULL:WTI
Technical analysis:
A peak is formed in daily chart at 79.355 on 01/15/2025, so more losses to support(s) 64.900 and minimum to Major Support (64.000) is expected.
Take Profits:
68.354
70.182
72.434
74.449
77.410
79.361
83.961
87.000
93.882
100.802
109.192
126.350
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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
Consolidation Below Key 150 Resistance Ahead of BOJ Meeting
The bearish scenario for this pair was thoroughly analyzed in the previous outlook, and as expected, the yen strengthened against the dollar. On the 4-hour timeframe, USDJPY is now testing the upper boundary of a drawn channel. Given the fundamental backdrop, a breakout above the channel could lead to further gains. However, failure to break the channel or the 150 resistance level could activate a bearish scenario.
Closing above 22600 will confirm the UPTREND As we can see NIFTY had been in downtrend taking resistance at the previously acting SUPPORT. Now following the candles we can see the RESISTANCE has been tested which has made it weaker hence any closing above 22600 can change the overall trend and can show 23500 in coming trading sessions so plan your trades accordingly and keep watching