GBPCAD: Bullish Momentum Expected to ContinueThe 📈GBPCAD pair remains in a strong bullish trend, with the breakout of a key resistance level confirming further upside potential.
On the hourly chart, an ascending triangle pattern is forming following a recent test.
The price is likely to continue rising, potentially reaching at least 1.8552.
Chart Patterns
Market Analysis: USD/CHF Dips FurtherMarket Analysis: USD/CHF Dips Further
USD/CHF declined and now struggling below the 0.8950 resistance.
Important Takeaways for USD/CHF Analysis Today
- USD/CHF declined below the 0.8975 and 0.8950 support levels.
- There is a short-term contracting triangle forming with resistance near 0.8910 on the hourly chart at FXOpen.
USD/CHF Technical Analysis
On the hourly chart of USD/CHF at FXOpen, the pair started a fresh decline from well above the 0.9000 zone. The US Dollar dropped below the 0.8975 support to move into a negative zone against the Swiss Franc.
The bears pushed the pair below the 50-hour simple moving average and 0.8920. Finally, the bulls appeared near the 0.8870 level. A low was formed near 0.8871 and the pair is now consolidating losses.
There was a minor increase and the pair tested the 23.6% Fib retracement level of the downward move from the 0.9036 swing high to the 0.8871 low. On the upside, the pair could face resistance near the 0.8910 level.
There is also a short-term contracting triangle forming with resistance near 0.8910. The next major resistance is near the 50% Fib retracement level of the downward move from the 0.9036 swing high to the 0.8871 low at 0.8950, above which the pair could test the 0.8975 level.
If there is a clear break above the 0.8975 resistance zone, the pair could start another increase. In the stated case, it could even surpass 0.9000.
On the downside, immediate support on the USD/CHF chart is 0.8900. The first major support is near the 0.8870 level. The next major support is near 0.8850. Any more losses may possibly open the doors for a move toward the 0.8820 level in the coming days.
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DeGRAM | GBPJPY growth in the channelGBPJPY is in a descending channel between the trend lines.
The price is moving from the lower boundary of the channel and the support level.
The chart is holding above the 62% retracement level.
We expect the pair to rise to the level of 193.
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WEDNESDAY GOLD ASIAN SESSION ALERTS!🚀 Calling all traders! 🌟 XAUUSD is blazing, smashing records with finesse! 🔥 Here’s the latest:
🔍 XAUUSD Overview: 📊 Engaged in a gripping duel between 2915 and 2918. 🤔 Is a breakout looming?
📉 Bearish Outlook: 📉 Be alert for potential declines if it dips below the range! 🎯 Targets: 2907, 2900.
📈 Bullish Outlook: 📈 Anticipate buying opportunities if it breaks above! 🎯 Targets: 2930, 2940.
💬 Join the Discussion: 💬 Share your perspectives as we journey through this golden terrain! 🗣️ Let’s reach new heights together! 💼✨
DeGRAM | GOLD retest of the supply areaGOLD is in an ascending channel below the trend lines.
Indicators are out of the oversold zone.
The price is moving from the upper boundary of the channel.
The chart is holding under the supply zone and 38.2% retracement level.
XAUUSD will continue to decline.
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Had this planned out for weeks, Finally time
Been watching this since about $73 and drew this up and had a lot more fair value gaps ut the 68.68 was a number that lined up in a FVG and on the trendline.. Could have went to the lower one but felt safe here with a SL at $67 possibly losing the trendline. 4hr or 1 day chart. Data seemed consistent. Now we wait and see. First TP $75 possible $100 if we break out. if not we bounce in the range take some swing shorts as a hedge.
USNAS100 Extends Losses Below Pivot Zone Amid Tariff PressureUSNAS100 Analysis – March 5, 2025
📉 The price dropped about 450 points, as we mentioned yesterday, ahead of the tariffs situation. Bearish Momentum is Holding Below the Pivot Zone
The (USNAS100) continues to exhibit bearish pressure, trading below 20,570 and 20670, which now acts as a pivot zone.
Technical Outlook
🔻 Bearish Scenario: As long as USNAS100 remains below the Pivot Zone, the bearish momentum is expected to persist, with downside targets at 20,330 and 20,130. A 4H or 1H candle close below 20,330 would confirm further selling pressure, pushing the price toward 19,860 and 19,737.
📈 Bullish Reversal: If the price stabilizes above 20670, a short-term recovery could lead to a retest of 20,870 and 20,990, signaling a potential shift in momentum.
📉 Correction Movement: The price is likely to retest 20670 from 20570 as part of a correction phase before resuming its decline.
⚠️ Market Impact: The tariff announcement on Canada and Mexico, and China has a bearish momentum pressure.
Key Levels to Watch
Resistance: 20,670 | 20,870 | 20,990
Pivot Zone: 20,570
Support: 20,330 | 20,130 | 19,860
📉 Directional Bias: Bearish below 20,570 – A confirmed breakdown below 20,330 would accelerate downside momentum.
Gold in a complex scenario! What do you need to know?Gold in a complex scenario! What do you need to know at this moment?
In our previous analysis, gold adhered to the reversal zone, and we identified a substantial Bearish Harmonic Pattern, signaling a potential further decline in price. However, with the impact of Trump's new tariffs and the Ukraine-Russia deal causing fluctuations in the market, we must be careful
Bearish Scenario:
Currently, the price is below a significant zone. At the market's opening, gold may rise to 2871 - 2880. Should the price remain below this area, gold is likely to decline further as shown on the chart (Red Scenario)
Bullish Scenario:
Conversely, if the price makes a decisive move above the red zone at 2880, we must be vigilant as bullish momentum could increase substantially, driving gold back up toward the previous high of the old structure, as shown on the chart (BlueScenario)
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
XRP 7X Trade-Numbers (1022% Potential)This is the continuation of a chart setup that I shared on the 1st of January 2025. Each time a strong resistance level is hit, there is a retrace or correction. This retrace ends in a higher low and then comes the resumption of the bullish move.
XRP is bullish and there is no doubt about it. We are seeing the classic sideways period before the continuation of the bullish wave.
We are going LONG once more; thanks a lot for your continued support.
This time we are going in with 7X. All the targets can be found listed below:
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XRPUSDT LONG 7X (1,022% Potential)
Targets:
TP1: $2.58
TP2: $2.77
TP3: $3.05
TP4: $3.40
TP5: $3.78
TP6: $4.02
TP7: $4.40
TP8: $5.03
TP9: $5.47
TP10: $6.03
Adjust all settings to your own liking.
This is for experienced traders only.
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Thanks a lot for your continued support.
It is truly appreciated.
You can dismiss #1 and focus on the 3rd and forward.
Namaste.
Shiba Inu 8X Trade-Numbers (3,520% Potential)Is it ok to go over the basics once more? Sell at resistance, buy at support.
The low is in 3-Feb with a long lower wick candle and high buy volume.
Today, we are seeing the establishment of a higher low close to support. This close to support dynamic gives us a great entry zone.
A great entry zone doesn't mean that a trade will necessarily work out, but it means that it has low risk and a high probability to succeed. Think about it, most of the time we tend to rush to buy when the action is already happening. Here, we can clearly see bearish action and a red day, but, we have a higher low and we know that reversals tend to happen at support.
The higher low is the signal. We have good entry timing. We leave the rest to the market.
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LONG SHIBUSDT
Leverage: 8X
Entry levels:
1) $0.00001310
2) $0.00001225
3) $0.00001160
Targets:
1) $0.00001681
2) $0.00001997
3) $0.00002253
4) $0.00002509
5) $0.00002873
6) $0.00003337
7) $0.00003849
8) $0.00004165
9) $0.00004677
10) $0.00005505
11) $0.00006095
12) $0.00006845
Stop-loss:
Close weekly below $0.00001100
Potential profits: 3520%
Capital allocation: 5%
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Remember that leveraged trading is high risk and for experts only.
There is no advice here, more like technical analysis and numbers.
I appreciate you and your continued support.
Let's make some money and while we make money, let's have some fun.
Follow!
Namaste.
NEIROETHUSDT – Breakout AlertIn our previous analysis we spotted this symmetrical triangle but it eventually break down. After multiple rejections at the trendline resistance, price action formed a symmetrical triangle, leading to a bearish breakdown. However, momentum has shifted, and the market is now attempting a breakout from the key resistance zone.
Breakout Confirmed? If price holds above this zone, we anticipate a strong rally towards $0.08360, with an extended target of $0.19784.
Rejection Risk? Failure to hold could lead to a retest of the lower support at $0.01947.
Patience is key, let’s see how price reacts!
EURAUD - Areas of Interest!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURAUD has been overall bullish, trading within the rising channel marked in green, however it is currently retesting the upper bound of the channel.
Moreover, the red zone is a strong resistance zone.
📉 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the resistance and upper blue trendline acting as a non-horizontal resistance.
📈 Moreover, as it retests the lower bound of the channel and blue support, I will be looking for longs.
For now, we wait!⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAUUSD Resistance rejection expected.Gold (XAUUSD) is rising after an exact rebound on its 4H MA200 (orange trend-line). Every time the 17-month Channel Up posted a similar 4H MA200 rebound, Gold got rejected on the upper Resistance and re-tested one more time the 4H MA200.
A trading plan involving a buy targeting 2960 (Resistance) and then reversing to a sell targeting 2880 (4H MA200) is technically viable based on those occurrences.
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ADA W2 bottom?As per last idea, ADA seems to have found support and might be currently aiming at its Wave 3 target (blue rectangle). The chart shows the most conservative price targets per elliot waves, but if we think about all the news and events we are still waiting for, it gives a little more confidence that price might go even higher.
*This is not financial advisor. This is my attempt of practicing and learning about Elliot Waves. Please let me know how I can improve*
Will Dow Jones Extend Its Selloff?I believe Dow Jones still has more downside ahead. I anticipate a break below 42,200 tomorrow morning, potentially taking out more of January’s lows.
If price rises overnight, I’ll be looking for a Short position at the 8:30 CST open. If it doesn’t, I’ll likely go Long toward the dump initiation zone around 43,160 .
Alternatively, we could potentially begin the sell from 2025 Open Price.
Only time will tell—let’s lock in⚡
ADAUSD May Rise with a Cup Formation.When the ADAUSD weekly chart is examined; It is observed that the price movements continue with the formation of a cup above the support zone. As long as the crypto's 0.5104 level is not broken down, it is evaluated that the price movements above the 0.7433 level can exceed the 1.4653 level and target the 2.2398 level.
Analysis of the latest gold market trendsGold experienced volatility at the end of yesterday's trading, and retreated to 2916, but then quickly dropped to a low of 2908, showing the instability of the market. Near the close, the gold price rebounded again, once rushing to 2920, showing a certain buyer's strength. At the opening of this morning, the gold price continued to rebound slightly, but the overall trend is still weak.
From a technical perspective, the current gold price faces a resistance range of 2923-2925, while the support is in the 2911-2908 area. There will be small non-agricultural ADP data in the evening. In this context, it is important to pay attention to risk control. We recommend a flexible trading strategy, with rebound shorting as the main operating idea, supplemented by opportunities for callback longs. The gold market may continue to fluctuate at a high level today. Everyone needs to pay close attention to the reaction to these key prices and flexibly adjust trading strategies based on market dynamics.
Operation strategy 1: It is recommended to go short at 2916-2920 on the rebound, stop loss at 2927, and the target is 2905-2900.
Operation strategy 2: It is recommended to go long at 2892-2887 on the pullback, stop loss at 2879, and the target is 2907-2915.