Bearish reversal?USDX is rising towards the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 103.43
Why we like it:
There is a pullback resistance level that aligns with the 78.6% Fibonacci retracement.
Stop loss: 104.13
Why we like it:
There is a pullback resistance level.
Take profit: 102.30
Why we like it:
There is a pullback support level.
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Chart Patterns
Temporary Low or All-Time Bottom for Gold?Last week marked the ideal timing for a weekly high, which turned out to be accurate.
Today represents the ideal timing for a daily low. Whether this low will be temporary or mark a more significant bottom remains to be seen. From a cyclical perspective, gold has corrected for three time units, which aligns with projected support. Therefore, a bounce tomorrow is likely, as corrections typically last only 1–3 time units. Exceeding this range would suggest a continued decline becomes possible, potentially down to the second support line.
There is still a possibility of a larger "FALSE MOVE" to the downside.
Intel - This Stock Is A Goldmine!Intel ( NASDAQ:INTC ) perfectly respects all structure:
Click chart above to see the detailed analysis👆🏻
Over the past couple of years Intel clearly established a significant downtrend, dropping about -70% after we saw the previous all time high. This bearish pressure is now ending though and if Intel manages to create a bullish reversal break and retest, a new uptrend is starting to form.
Levels to watch: $25
Keep your long term vision,
Philip (BasicTrading)
Buying BTC at 73.5k - Why I’m Buying This Range Price has now dropped into a key demand zone where previous volume imbalances were left untested. The range around 74.6k–73.8k shows signs of absorption and buyer interest based on low volume nodes (LVNs) and volume profile structure. This zone acted as a major breakout area in the past, and with no acceptance below 74.6k on the 1H close, it suggests sellers are getting exhausted. I’m watching for signs of accumulation and structure shifts in this area to initiate longs, with invalidation on clean 1H closes below 73.7k. If BTC reclaims 75.1k on the 1H, expect momentum to shift and buyers to take it toward higher POCs and imbalance zones
Ripple dives as predicted; what is next?
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Ripple May Face Another Rally This YearRipple with ticker XRPUSD hit all-time highs for the final blue wave V as expected, so we should be aware of limited upside this year. However, despite recent slowdown, which we see it as an ABC correction within red subwave (IV), there can still be room for another rally this year, at least up to 4-5 area to complete final subwave (V) of V of an impulse on a daily chart.
#XRP BROKE CRITICAL SUPPORT#XRP broke the critical bullish trendline which started back in November. We have had a pullback to the BOS zone which also resulted in a rejection candle on the 4h chart.
Looks like we can now expect to drop to the next support zone which sits at $1.37.
This would now indicate that we are in a bear market as per TA, however, the recent price action and not only in crypto is due to economic news and the market is very volatile at the moment so not FA and any news can trigger a change in direction. Trade carefully and always use SL!
Were To Buy BITCOINMartyBoots here , I have been trading for 17 years and sharing my thoughts on COINBASE:BTCUSD here.
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BTC is very interesting chart for now that it has dipped 30% and trying to find support.
Do not miss out on BTC at the important levels as this will be a great opportunity
Watch video for more details
PLATINUM Strong Triangle buy opportunityLast time we looked at Platinum (XPTUSD) was more than 2 months ago (January 30, see chart below) getting our expected rise and hitting the 999.50 Target:
This time the price is at the bottom (Support Zone) of the 11-month Descending Triangle pattern, which is a technical buy opportunity. The last Bullish Leg hit the 0.618 Fibonacci retracement level, while the one before the 0.786.
As a result we have a minimum 985.00 Target on this emerging Bullish Leg.
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gold (update)Hello friends
Due to the price growth, we have given you the analysis that the price will fall and the same thing happened. Now, due to the sharp decline, the price has entered the channel and the 3 specified areas are important support areas for us, where we can buy with risk and capital management and move towards the specified goals.
*Trade safely with us*
This chart shows a **GBP/USD (British Pound vs U.S. Dollar) long
- **Market**: GBP/USD (British Pound vs. US Dollar)
- **Timeframe**: 30-minute chart
- **Trade Direction**: Long (Buy)
---
### 🔹 **Setup Details**:
- **Entry**: 1.27500
- **Stop Loss**: 1.27000 (below the support zone to protect against downside risk)
- **Take Profit / Target**: 1.29000 (anticipating a move to the next resistance level)
---
### 🟪 **Technical Zone**:
- A purple support zone is marked where multiple wicks and consolidations occurred — indicating strong buying interest.
- Price tested the support zone several times and held, forming a **bullish reaction**, signaling potential reversal.
---
### ⚖️ **Risk-to-Reward Ratio**:
- **Risk**: 50 pips
- **Reward**: 150 pips
- **RRR**: 1:3 — a favorable setup offering three times the potential reward for every unit of risk.
---
### 📌 **Current Status**:
- Price has **triggered the entry at 1.27500** and is currently moving upward.
- Trade is in slight profit, with buyers currently in control after the bullish bounce.
GBPJPY - BuyJust entered a long on GBPJPY after a clean sweep of the Asian session low. Price dipped into a key area of interest, rejecting from the 61.8% retracement, signaling a potential reversal. With liquidity grabbed and bullish momentum kicking in, I’m looking for a push back toward the highs.
Let’s see if this plays out! Managing risk and riding the move.
TRADE:
Entry: 188.011
Stop: 187.720
Profit: 188.589
BTC/USDT 1DAY CHART UPDATE !!A downward trendline connecting the recent high points indicates bearish pressure.
A horizontal support level around 77,500 USDT shows where the price has struggled to drop.
Current Price:
As of your chart's timestamp, BTC is trading at approximately 79,883.75 USDT.
Potential Movement:
If the price can break above the descending trendline and stay above the support level, there could be potential upward momentum. The upward arrow suggests a bullish outlook.
Key Levels to Watch:
Resistance: Look for resistance at trendline breaks and the next significant levels above the current price (e.g., 82,500 USDT).
Support: The 77,500 USDT level is crucial; a drop below it could signal further downward movement.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
We might get a play on Gold soon! Been waiting for price to come for these levels for almost a month now. Now that we are finally here I'm just trying to keep my cool and wait for things to line up inside of the killzone. We could get a nice bullish swing here. We just have to wait for price to show us thats what it wants to do.
Bullish rebound?The Cable (GBP/USD) has bounced off the pivot which is a pullback support and could rise to the 1st resistance which acts as a pullback resistance.
Pivot: 1.2717
1st Support: 1.2570
1st Resistance: 1.2875
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Nike (NKE) Share Price Falls to Lowest Level Since 2017Nike (NKE) Share Price Falls to Lowest Level Since 2017
The chart for Nike (NKE) shows that the share price has dropped to around $55 – levels last seen in November 2017.
Since the start of 2025, the stock has declined by approximately 27%.
Why Has Nike’s Share Price Dropped?
As noted in our analysis from September 2024, Nike shares had been trending downward for several months due to intense competition. However, President Trump’s tariffs have become the dominant bearish factor.
This is largely because Nike relies heavily on manufacturing operations in Asia – many of which have been directly affected by the newly imposed tariffs.
What’s Next?
According to the Wall Street Journal, manufacturers are taking a wait-and-see approach. They’re reluctant to shift production out of Asia, which could mean higher prices for American consumers. A full return to U.S. production is unlikely due to:
→ a shortage of skilled workers and suppliers;
→ significantly higher wages in the U.S. compared to Asia;
→ relocating production from Asia is a complex business migration, not just a factory move – a process many companies might not be prepared for.
Some firms are reducing their margins or optimising logistics, but most are hoping to weather the storm or delay major changes.
Technical Analysis of Nike (NKE) Shares
The price is forming a downward channel (highlighted in red), with the following characteristics:
→ the median line provided temporary support, but the early April rebound attempt was very weak;
→ the lower boundary of the channel now appears to be acting as support.
The RSI indicator suggests strong oversold conditions. Bulls might take comfort in the proximity of the psychological $50 mark strengthening this support level. However, it seems that only positive developments on the tariff front are likely to reverse sentiment meaningfully.
According to WSJ analysts, Trump’s recent comments hint at possible negotiations. But unless the President changes his stance, Mexico, Brazil, and India – nations well-placed to act as intermediaries between China and the U.S. – could emerge as the main beneficiaries.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
+300 pips EURUSD swing trade setup SELL HIGH🏆 EURUSD Market Update
📊 Technical Outlook
🔸Short-term: BULLS 1150
🔸Mid-term: BEARS 0670
🔸Status: REVERSAL from S/R
🔸0660/0680 normal pullback
🔸BULLS will max out at 1150
🔸Price Target Bears: 0660/0680
🔸Price Target BULLS: 1140/1160
📊 Forex Market Update – April 7, 2025
🇪🇺 EUR/USD
🔹 Reclaims the 1.1000 level amid fresh USD weakness
🔹 Driven by EU-U.S. trade tensions & global recession fears
🔹 📈 Almost Completed a cup & handle formation
🇬🇧 GBP/USD
🔹 Holding gains above 1.2900 after rebounding from 1.2830
🔹 Supported by USD sell-off & BoE-Fed policy divergence
🔹 🛑 Risk-off sentiment & dip-buying helped push the pair higher
Maybe This is all a Big Head and Shoulders.This is feeling suspiciously like honey trapping of the bears and I think there's fair odds we're going to see a strong squeeze starting now and lasting over at least the next couple weeks.
This could easily take us to 5800 or so inside of the head and shoulders setup
Will SUI break $2 support and drop 20% to $1.80?Hello and greetings to all the crypto enthusiasts, ✌
let’s dive into a full analysis of the upcoming price potential for SUI 🔍📈.
SUI is currently trading within a downward channel, signaling a potential continuation of its bearish trend. A decline of at least 20% appears likely, with the primary target set at $1.80, provided that the critical psychological support at $2 is decisively broken. If this key level fails to hold, increased selling pressure could drive the price lower, reinforcing the downtrend.📚🙌
🧨 Our team's main opinion is: 🧨
SUI is stuck in a downtrend, and if it breaks below the key $2 support, we could see at least a 20% drop, with $1.80 as the main target.📚🎇
Give me some energy !!
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Cheers, Mad Whale. 🐋