Render: Running on Empty?Render has climbed nearly 50% since the low in the second week of March but lost notable ground recently. The price remains within our magenta Target Zone between $5.43 and $1.81 and could still dip toward the lower boundary as it works toward completing the turquoise wave 2. Once a sustainable bullish reversal takes hold, we expect a strong rally in the turquoise impulse wave 3, which should target new all-time highs. The resistance at $11.88, which marks the top of the magenta wave from early December, should be surpassed decisively as momentum builds.
Wave Analysis
$SPY: Second Bearish Wave in Motion, $537 First, $512 Next
AMEX:SPY , looking at the bear market that started in February, it looks today as if a 2nd bearish wave started. It will not be confirmed until $549 is broken, however Fib projections point to $537 as first stop, and eventually at $512 as 2nd stop.
Dollar Bullish To $118?!During the last market analysis I said I remain bullish on the DXY for the upcoming future & that bias still remains the same. After the strong bullish rally from October - December 2024, The Dollar started off this year with an ease off, seeing prices drop for the first quarter of 2025. However, this cool off has not changed the long term perspective for the Dollar as we still remain bullish. This correction (sell off) this quarter was simply a dip.
The Dollar has completed its Wave D consolidation phase & is now getting ready for further upside towards Wave E. Wave E being priced around $116 - $118.
SPY Bearish wave count The only one !The chart posted is that of the spy updated for the bearish wave structure . I have now exited my 125 % long position as the formation is forming SO FAR an ABC rally up with two legs if equal we should top today in cash at 5796 5805 in spy 575/577.9 IF the beasish count is correct we should see a 3 wave drop to retest the low or make a small new low for wave B then I will enter the long calls once again for a 5 wave rally under the bearish count the limit is .786 but based on history dated back to 1902 we should peak at .618 to .66 if The bearish wave count is were we are in the Cycle . But if we rally from here and close above 5805 I would see the market making New all time Highs .Best of trades WAVETIMER 1
CADCHF Bullish Momentum: Will 0.63000 Be the Next Target?The Canadian dollar continues to show strength despite the 25% tariff imposed by the United States. Meanwhile, the DXY opened bearish today, and with ongoing tariff uncertainty, this weakness may persist. As investors gain clarity on policy direction, CAD could further appreciate. Given this momentum, CADCHF has the potential to reach at least 0.63000. However, multiple resistance levels could come into play, making it crucial to monitor lower time frames for partial profit-taking opportunities.
GOLD SELL?RSI on daily time frame is showing overbought which could be a sign of exhaustion.
Based on Daily & 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal.
We could see SELLERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
Market Neutral: Nasdaq, S&P500, Nikkei225, Hang SengThe equity indices has fallen to our target and we are seeing 5-wave completions. So I think it is a good time to reduce your shorts and move from a short to a more neutral stance. The current price is also a good support for the indices.
Remember that there is a weekend risk here also.
Good luck!
NZDUSD Analysis Today: Technical and Order Flow !In this video I will be sharing my NZDUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
EURGBP: Long Signal with Entry/SL/TP
EURGBP
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURGBP
Entry - 0.8353
Stop - 0.8326
Take - 0.8395
Our Risk - 1%
Start protection of your profits from lower levels
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Beware of the failed rally 89k is a key area here, if Bitcoin fails to flip this level I think it’ll mark the end of the bull cycle.
This entire move up looks like the final 5th Wave according to my count. This would mark the end of crypto bull cycle. But this could be invalidated if we break past 90k with strong volume.
If we observe the previous 5 Wave move down during the last peak, you’ll notice the 0.382 and 0.5 Fib was the place to short Bitcoin during its dead cat bounce. So this could be the time to be looking at such a move.
Not financial advice, just my thoughts.
A real correction for gold could be comingGold 30-minute chart is beginning to have the possibility of a double top, so don't chase long for now. If you want to go long, wait patiently for a pullback, otherwise the high adjustment may also be large. Gold can be shorted on rallies. If gold falls below 3060, then the real adjustment of gold may come.
The market is changing rapidly. Since the strength of gold has been insufficient after breaking through new highs, don't chase too much.
NIFTY50.....The stage has been set!Hello Traders,
on Monday and Tuesday the NIFTY50 has reached higher price levels, up to 23869.60! This was the peak for this wave.
Since, the NIFTY50 is in a corrective mode and set a new multi-days low @ 23412.10! This could be a wave "w" of a w-x-y correction. Possibly it can morph into a triple correction!
Anyway!
If N50 escape above the level of 23649.20 on a hourly basis at minimum, the door could be open to the latest ATH @ 23869.60! In this case, chance has been given for a flat-correction.
A break of the 23462 on an hourly basis instead means, the door is open to lower price in the coming days ahead!
A possible target area is around the 23289 to 23196 levels! More bearish potential exist!
It doesn't matter what the US government will do, it doesn't matter what others do! The playbook has been written, and the stage has been set!
In which direction? Markets will give the answer.
Have a great weekend.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
GBPNZD The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the GBPNZD next move:
The instrument tests an important psychological level 2.2627
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.2500
My Stop Loss - 2.2695
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK