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EURNZD - Sell Setup at Key Resistance ZoneOANDA:EURNZD is currently trading in a clear resistance zone that has consistently acted as a barrier for bullish momentum. This area aligns with prior supply levels and could attract some seller interest. If rejection patterns, such as bearish engulfing candles or long upper wicks, emerge, I anticipate a move toward 1.83500 . However, a break above this zone could signal a potential shift in market sentiment. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
Short
by TrendDiva
9
Silver at $32.90, Asian Demand Fuels RiseSilver jumped to $32.90 on Friday morning, fueled by increased demand for safe-haven assets amid rising trade tensions and geopolitical risks. Additionally, strong demand from China and other Asian markets has further supported silver prices. From a technical perspective, $33.15 is the first resistance level, with further targets at $33.80 and $34.50 if the price breaks higher. On the downside, $31.40 serves as the first support level, followed by $30.90 and $30.20 if selling pressure intensifies.
FOREXCOM:XAGUSD
by ChartMage
Gold Steady, Set for Seventh Weekly GainGold traded at $2,930 per ounce, maintaining its position for a seventh weekly gain. On Thursday, President Trump instructed federal agencies to explore ways to align U.S. tariffs with those of other countries, though without immediate implementation. While the delay eased some concerns, fears of escalating global trade tensions persisted, driving investors toward gold. Meanwhile, U.S. producer inflation exceeded expectations, following strong consumer inflation data earlier in the week. This reinforced the view that the Fed is unlikely to cut interest rates soon. Despite this, gold remained resilient, supported by trade war uncertainties and a weaker dollar, which made the metal more affordable for foreign buyers. The first resistance is at $2,949, with further levels at $2,975 and $3,000 if the price moves higher. On the downside, $2,885 is the first support level, followed by $2,830 and $2,760 if selling pressure increases.
EIGHTCAP:XAUUSD
by ChartMage
GBP/USD Up on Positive Growth DataThe British pound climbed to $1.2560 after preliminary data showed the UK economy grew by 0.1% in the final quarter of 2024, defying expectations of a 0.1% contraction and outperforming the Bank of England’s forecasts. This puts the economy slightly ahead of where it was when Labour took office in July, offering some relief to the government. However, challenges remain as the Office for Budget Responsibility is set to release an updated economic and fiscal outlook on March 26, with reports indicating a lowered growth forecast. Meanwhile, the Bank of England cut interest rates by 25bps to 4.5% last week, its third reduction since beginning its easing cycle in August 2024, while also downgrading its 2025 GDP growth forecast to 0.7%. 1.2600 is the first resistance level, with further targets at 1.2650 and 1.2700 if the pair moves higher. On the downside, 1.2340 serves as the first support level, followed by 1.2265 and 1.2100 if selling pressure intensifies.
by ChartMage
Dollar Weakens as Trade Tensions EaseEUR/USD is hovering around 1.0460 on Friday morning, while the dollar index remains near 107, poised for a 1% weekly decline. The drop is driven by easing trade tensions and expectations of a softer personal consumption expenditures (PCE) price index later this month. The dollar weakened 0.8% on Thursday after President Trump directed his administration to explore reciprocal tariffs on countries with unfair trade practices. However, since these tariffs are not expected immediately, concerns over retaliation and inflation eased, reducing uncertainty around the Fed's ability to lower borrowing costs. Meanwhile, producer inflation data exceeded expectations, following strong consumer inflation figures from the previous day. Despite this, components of the report suggest that core PCE inflation, the Fed's key focus, may come in lower than anticipated. Technically, 1.0460 is the first resistance level, with further barriers at 1.0515 and 1.0600 if the pair moves higher. On the downside, initial support is at 1.0350, followed by 1.0275 and 1.0220.
by ChartMage
Yen Rallies as Trump Delays TariffsThe Japanese yen traded around 153 per dollar on Friday, following a 1% gain in the previous session. The yen strengthened as the dollar retreated sharply after President Trump delayed reciprocal tariffs, easing concerns over escalating trade tensions. The latest US PPI report also hinted that core PCE inflation, the Fed’s key metric due later this month, could come in lower than expected. Japan’s Economy Minister Ryosei Akazawa stated that Japan would respond appropriately to any US reciprocal tariffs, while the Bank of Japan’s hawkish stance continued to support the yen. Although uncertainty remains about a potential rate hike in March, the central bank is widely expected to introduce further increases later this year. Technically, 154.90 is the key resistance level, with further targets at 156.00 and 157.00. On the downside, 151.90 is the first major support, followed by 151.25 and 149.20 if the pair moves lower.
by ChartMage
Coca-Cola: High in Sight?!Coca-Cola has gained around 9% over the past two weeks and should now be approaching the high of the turquoise wave 4. As soon as this top is established (below the resistance at $70.74), we expect sell-offs down to the forecast low of wave (A) in magenta below the support at $60.62. However, if the stock breaks above the resistances at $70.74 and $73.53 during its current upward move, we will consider wave alt.(A) in magenta as complete. In this scenario, the subsequent wave alt.(B) would already be underway, aiming for a high within our beige Target Zone between $75.32 and $80.36 (probability: 39%).
NYSE:KO
by MarketIntel
XAUUSD TODAY'S MAPPING IS HERE Hello Guy's Welcome To Another Day Of TRADING Here we are mapping chart of XAUUSD ( GOLD ) in 15-M TF Ascending triangle pattern: Trendlines indicating higher lows and a horizontal resistance level. Breakout and retest: The price has broken above the resistance and appears to be retesting the breakout level. Trade setup: Entry Level: Near the breakout retest point. Take-profit: Near 2951 Stop-loss: Around 2900 This analysis indicates a bullish sentiment, expecting gold to rise further if the breakout holds.
OANDA:XAUUSDLong
by Art_of_TradingFX
Silver Prices Soar on Electrification DemandSilver rose above $32 per ounce, nearing a three-month high with high demand in the electrification sector, offsetting concerns over a hawkish Fed. The US ISM manufacturing PMI's unexpected rebound improved the manufacturing outlook, while China, India, and Indonesia encouraged investments in solar and wind power. Meanwhile, the US inflation data reduced expectations for lower Fed borrowing costs, increasing the opportunity cost of holding precious metals. The first resistance level will be 32.50 level. In case of this level’s breach, the next levels to watch would be 33.00 and 33.50. On the downside, 31.40 will be the first support level. 30.90 and 30.20 are the next levels to observe if the first support level is breached.
FOREXCOM:XAGUSD
by ChartMage
Gold Near Peak Level Despite Fed HawkishnessGold prices remained near a record high above $2,900 per ounce, as investors turned to trusted assets with rising trade tensions and economic uncertainty. The White House announced that Trump’s reciprocal tariffs could be introduced as early as Thursday, following his 25% tariff on steel and aluminum imports. These add to existing tariffs, including 10% on Chinese goods and 25% on Canadian and Mexican imports, though the latter are paused. Meanwhile, U.S. inflation data exceeded expectations, reinforcing the Fed’s cautious stance on rate cuts and weighing on gold’s appeal. Technically, resistance stands at 2,949, with further levels at 2,975 and 3,000. Support is at 2,885, followed by 2,830 and 2,760 if declines continue.
EIGHTCAP:XAUUSD
by ChartMage
GBP/USD Supported by Peace Deal HopesThe GBP/USD traded at $1.246, holding steady with global market optimism. The pound found support from peace deal hopes between Ukraine and Russia but struggled against a stronger U.S. dollar, supported by rising Treasury yields and recent inflation data. The Federal Reserve’s cautious approach to rate cuts has kept the dollar firm, while UK economic concerns, including a potential GDP contraction, weigh on the pound. With upcoming U.S. PPI data, GBP/USD could face further pressure. The first resistance level for the pair will be 1.2500. In the event of this level's breach, the next levels to watch would be 1.2600 and 1.2650. On the downside 1.2340 will be the first support level. 1.2265 and 1.2100 are the next levels to monitor if the first support level is breached.
by ChartMage
Euro Gains Ground on Ukraine Peace TalksThe EUR/USD traded at $1.04 on Thursday, gaining 0.1% for the day after rebounding from earlier declines. The euro found support amid optimism over a potential peace agreement between Ukraine and Russia, spurred by encouraging progress in diplomatic discussions. Despite rising U.S. Treasury yields strengthening the dollar, the euro remained steady. U.S. inflation data exceeded expectations, tempering hopes for Federal Reserve rate cuts. While the dollar stays relatively strong, the euro’s stability suggests it could hold firm against the greenback. Moving forward, U.S. monetary policy and geopolitical events will be key factors influencing EUR/USD. From a technical standpoint, the first resistance level is at 1.0460, with further resistance at 1.0515 and 1.0600 if the price breaks higher. On the downside, initial support is at 1.0350, followed by additional levels at 1.0275 and 1.0220.
by ChartMage
Yen Below 154, Rate Cut Bets ReducedThe Japanese yen weakened past 154 per dollar, hitting its lowest level in over a week, as strong U.S. inflation data prompted traders to scale back expectations for further Federal Reserve rate cuts. Markets now anticipate just one quarter-point reduction this year. Meanwhile, Bank of Japan Governor Kazuo Ueda provided no clear indication regarding future interest rates, reaffirming the BOJ's commitment to its current policy. However, BOJ board member Naoki Tamura hinted at a possible rate hike in the latter half of fiscal 2025. The key resistance level is at 154.90, with a break above potentially opening the door to 156.00 and 157.00. On the downside, initial support stands at 151.90, followed by 151.25 and 149.20 if the decline continues.
by ChartMage
Cloudflare: ProgressCloudflare has demonstrated impressive upward pressure, surging more than 40% in just a few days. In response, we now consider waves 3 and 4 in green as finished and locate the stock in the final stretch of this impulse move, which should ultimately complete the orange wave iii. Given that key expansion levels have already been reached, we expect the wave iii high to form soon. Afterward, we anticipate a sharp wave iv correction, with downside potential toward the $122.68 support.
NYSE:NET
by MarketIntel
GOLD - at DO or DIE area, holds or not??#GOLD - well guys as you know that today is CPI day and we will see aggressive move in market according to technical point of view we have single supporting area that is around 2881 to 2886 that is today most expensive region. and only holdings of that region can create and resume buying trend again otherwise below that market will again drop towards his next supporting areas. so don't be lazy here and stay sharp at that region and don't hold your buying positions below that. NOTE: we will go for cut n reverse below 2881 good luck trade wisely
FX:XAUUSDLong
by AdilHussain731333
Silver Steady Amid US Tariffs, China Retaliation, and EU Trade WSilver trades around $31.8 per ounce on Wednesday, steady as safe-haven demand rises after Trump’s 25% tariff on steel and aluminum, with more expected. China’s retaliatory tariffs take effect today, while Germany warns of an immediate EU response to US tariffs. Silver is also supported by strong industrial demand, particularly in renewables, and ongoing supply shortages. Technically, the first resistance level will be 32.50 level. In case of this level’s breach, the next levels to watch would be 33.00 and 33.50. On the downside, 31.40 will be the first support level. 30.90 and 30.20 are the next levels to observe if the first support level is breached.
FOREXCOM:XAGUSD
by ChartMage
Gold Falls from $2,940 Peak Amid Fed’s Hawkish StanceGold fell below $2,900 per ounce on Wednesday, extending losses after hitting a record $2,940. The drop followed Fed signals that rate cuts aren’t imminent, shifting focus to US inflation data. While inflation hedging supports gold, the Fed’s stance limits its appeal. Safe-haven demand remains strong amid Trump’s tariffs, trade war fears, and geopolitical tensions, with Israel threatening to end the Gaza ceasefire. Dovish central banks and rising gold purchases also provide support, while India’s gold leasing rates hit record highs. Technically, the first resistance level will be 2949 level. In case of this level’s breach, the next levels to watch would be 2975 and 3000. On the downside, 2885 will be the first support level. 2830 and 2760 are the next levels to monitor if the first support level is breached.
TVC:GOLD
by ChartMage
GBP/USD Rises as Traders Scale Back Aggressive BoE Easing BetsThe British pound rose to $1.2440, rebounding from a three-week low as traders adjusted rate cut expectations after BoE policymaker Catherine Mann’s comments. Although she voted for a 50bps cut, she clarified it wasn’t a signal for aggressive easing but aimed to improve market communication. She emphasized the need to maintain monetary restrictions due to structural challenges in returning inflation to 2%, leading traders to lower 2025 rate cut expectations to 62bps. Focus now shifts to upcoming GDP estimates, Q4 figures, and December’s industrial and manufacturing output. The first resistance level for the pair will be 1.2500. In the event of this level's breach, the next levels to watch would be 1.2600 and 1.2650. On the downside 1.2340 will be the first support level. 1.2265 and 1.2100 are the next levels to monitor if the first support level is breached.
by ChartMage
EUR/USD Steady as Markets Await Key US Inflation ReportEUR/USD trades near 1.0450, with the dollar index steady at 108 on Wednesday, as markets await a key inflation report. January CPI is expected to show core inflation rising to 0.3% from 0.2% MoM, while annual inflation may ease to 3.1% from 3.2%. Fed Chair Powell told Congress the Fed isn’t rushing to cut rates, citing economic strength and inflation risks. He warned that premature easing could stall inflation progress, while delays could harm growth. Markets also assess the impact of Trump’s latest tariff hike. From a technical perspective, the first resistance level is at 1.0400, with further resistance levels at 1.0460 and 1.0515 if the price breaks above. On the downside, the initial support is at 1.0275, followed by additional support levels at 1.0220 and 1.0180.
by ChartMage
Hedera Hashgraph: Target Zone AwaitsFollowing the recent sharp sell-off and the immediate rebound, Hedera Hashgraph’s HBAR has stabilized just above $0.20. Currently, the coin is attempting a small breakout to the upside. If HBAR manages to surpass the $0.39 resistance at this stage, the next impulsive move of the green wave alt. will begin earlier than primarily expected (33% likely). In our primary scenario, however, the price should still drop into our beige long-entry Target Zone between $0.17 and $0.08. There, the low of the green correction wave should be settled before wave can advance beyond $0.39.
BINANCE:HBARUSD
by MarketIntel