Bullish bounce?AUD/NZD is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 1.1031
1st Support: 1.0991
1st Resistance: 1.1086
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Chart Patterns
3.5 Technical Analysis of Short-term Gold OperationsThe non-farm payrolls (NFP) and consumer price index (CPI) data to be released this week will be the focus of market attention. If the data is strong, especially the inflation data is higher than expected, the market may reduce the bet on the Fed to cut interest rates. The market currently expects the Fed to cut interest rates by 75 basis points this year, an increase from the 44 basis points expected last week.
Gold Technical Analysis - Daily Chart
From the daily chart, gold received support near $2,832 last Friday and rebounded to $2,900 driven by tariff concerns. However, from this time frame, market information is limited, so it is necessary to further zoom in on the analysis period to get more details.
Heading into resistance?NZD/JPY is rising towards the pivot and could reverse to the 1st support.
Pivot: 85.23
1st Support: 83.78
1st Resistance: 85.70
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
MY THOUGHTS ON GER40 CASH INDEX
From the chart i see a brief accumulation which tended towards the upside to liquidate those in short positions (stop hunt) as a form of manipulation.
If it doesn't break through that supply zone there will be a retest to fill-up the FVG below (on the 1H TF) and probably takeout those in long positions before breaking through the supply to give us a new ATH.
If it does break through the demand below we'll most likely see a dump towards the long awaited FVG around 20k region (from the Monthly TF).
So, lets see how this plays out.
#NIFTY Intraday Support and Resistance Levels - 06/03/2025Gap up opening expected in nifty above the 22400 level. After opening if it's sustain above this level and gives breakout of 22500 then expected further upside rally upto 22750 level in today's session. In case nifty starts trading below 22400 level then possible downside in index upto 22150 level in opening session.
#ETH/USDT#ETH
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards and retest it
We have a rebound from the lower limit of the descending channel, this support is at a price of 1950
We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2236
First target 2340
Second target 2414
Third target 2530
GBPUSD → Correction before bullish trend continuationFX:GBPUSD has been rising for the last month and a half as the market sentiment and the behavior of the dollar, which is gradually updating lows.
The tariff war by trump is just in full swing. The dollar continues its correction on the back of US politics as well as inflation data.
GBPUSD at this time is trading in the bullish zone, above the support at 1.262 - 1.2576. Thus, within the framework of the correction, which has been observed since the opening of the European session, the price may test the liquidity area before further growth.
Resistance levels: 1.2718, 1.2678
Support levels: 1.262, 1.2576
The local trend is bullish and the price is forming a local correction. In this case, it is worth looking for strong support zones with the purpose of rebound and continuation of growth. Targets in this case are intermediate highs: 1.2718, 1.2811
Regards R. Linda!
BTC/USDT – Potential Reversal After Fakeout?Bitcoin is currently trading at $88,720 (+0.76%), showing signs of exhaustion after a breakout attempt. The price action suggests a fakeout in the reversal area, which could lead to further downside if support fails.
Key Observations:
Fakeout in the Reversal Area: BTC briefly broke above resistance but failed to sustain momentum, indicating potential weakness.
Short-Term Support Zone: If the price holds the recent consolidation area, another attempt at $92,000 could follow.
Bearish Scenario: A break below $87,000 could trigger a deeper correction toward $82,000-$80,000.
Outlook:
Traders should monitor price action near $89,000-$90,000 for a decisive move. If BTC reclaims this level with strong volume, further upside is possible. However, failure to hold current support could accelerate downside momentum.
GBPNZD: Bullish Continuation is Expected! Here is Why:
Balance of buyers and sellers on the GBPNZD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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I Scanned the NASDAQ 100 – Here Are 24 Stocks with Big PotentialGreetings, fellow investors!
The past days have been mostly red, this made me take a closer look at the Nasdaq 100 index. I haven’t publicly analyzed it in a while. The last time was in 2022, here in TradingView, with the S&P 500, where I found 75 stocks that have since outperformed the index using its own tools. The last update was at the end of last year with "before" and "after" pictures.
Today’s approach is exactly the same: purely a technical opinion based on an analysis of strong and liquid price levels.
The goal of this channel is to make your life easier.
I do the technical analysis and stock selection so you don’t have to spend time on it. This time, I selected 24 stocks from Nasdaq 100, with strong technical setups. Surprisingly, there were quite a few but I will only give a brief overview of each, except for a few where I want to share more details.
The selection is done, let’s get started!
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Apple (AAPL)
Fun fact: The last time Apple stock could be bought based on a trendline criterion was in 2016. These opportunities don’t come often! :)
Technical criteria:
- Trendline
- Previous years' highs
- Round number $200
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Microsoft (MSFT)
Have shared it before where the trendline and past highs created the optimal buying zone for Microsoft stock around $300. Last year’s prediction to take profits has also worked out well.
The price is moving towards this area again, following its previous technical logic.
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Nvidia (NVDA)
If you bought this stock last week around $130, now there is another chance to buy it at a technically attractive level between $90 and $108. The analysis is done on the daily chart, so it's not the strongest setup but it highlights an interesting price area.
Technical criteria:
- Round number $100
- Short-term channel projection
- Equal correction waves
- Previously valid support level
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Amazon.com (AMZN)
Right now, it is not a bad technical area for entry. Be prepared to buy at lower levels if you decide to pull the trigger today.
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Alphabet (GOOG)
Based on the current price action, it seems that the price is moving towards $150 to test those levels.
The correction started sharply with several red weeks following. I would feel more comfortable entering at this range. Buying a bit earlier is not a mistake either, but I highlight the price zones where I feel technically confident.
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Meta (META)
If you start buying Meta at the highest marked zone, you should be prepared to add positions at all levels marked on the chart.
If you already own Meta or are waiting for lower prices, ~$500 is a level to watch. The choice is yours – at the end of the day, these are optimal areas, and the buy levels are backed by logical justification.
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Broadcom (AVGO)
To be honest, I don’t see a better technical opportunity on the chart. Will this setup work? 75–85% of the time, it does. That is my technical analysis accuracy rate. Add fundamental analysis on top, and the success rate could be much higher.
There are nice high highs(HH) and higher lows (HL). Additionally, there’s a clean trendline and a previous resistance level, which, if broken, will start to act as support.
Just yesterday, I was discussing with a friend how resistance turning into support works psychologically. When fuel was 1 €/liter, it was normal. Then it went up to 1.5 €/liter – way too expensive. It reached 2.2 €/liter – CRAZY! But when it dropped back to 1.5 €/liter, it felt like a normal price again. The same thing happens with those previous yearly highs, and it's the same with Broadcom – what used to seem expensive now feels normal.
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Tesla (TSLA)
...
💡 The full breakdown of all 24 stocks is available on Substack.
🔗 Find the link in my BIO (under the Website icon) , or if you're on mobile, just scroll down to my signature and choose your preferred language!
🚀 Before you go, don’t forget to hit the boost for this post! You don’t have to but it’s always an option. 😉
All the best,
Vaido
Disclaimer: This post is not investment advice, and the ideas presented are not recommendations to buy or sell any securities. It is intended for educational and analytical purposes, reflecting my personal view of the current market situation. Every investor should conduct their own independent analysis and consider the risks before making any decisions.
GBPCAD-SELL strategy 6 Hourly KAGI chartOne can observe how well the pair has moved higher within the regression channel. we are near the top-end of the channel now and an overbought state, suggest we should a return mid-regression channel levels around 1.8200 handle.
Strategy SELL current levels 1.8450-1.8475 and take profit near 1.8217 for now.
BTCWhat is Bitcoin?
Bitcoin (BTC) is a decentralized digital currency that operates on a peer-to-peer network without the need for intermediaries like banks. It was created in 2009 by an individual or group using the pseudonym Satoshi Nakamoto. Bitcoin uses cryptography for secure financial transactions, record-keeping, and the control of new units. It is the first and most widely recognized cryptocurrency, often considered a store of value and a speculative investment vehicle.
Bitcoin Price and the $60,000 Zone
The $60,000 zone is considered a significant psychological and technical support level for Bitcoin. Historically, this level has acted as a crucial support area where buyers have stepped in to prevent further price declines. However, the ability of this zone to hold the price depends on several factors:
Market Sentiment: If market sentiment remains bearish, with investors selling their holdings, the $60,000 level might not hold. Conversely, if sentiment shifts positively, buyers could support the price at this level.
Fundamental Factors: Economic conditions, regulatory changes, and adoption rates can impact Bitcoin's price. Positive news or increased adoption could strengthen support at $60,000.
Liquidation Zones: The presence of liquidation orders around $60,000 can increase volatility if the price approaches this level. However, it can also act as a support zone if buyers are active.
Recent Price Action and Outlook
Recent Declines: Bitcoin has faced selling pressure, leading to price declines. If it fails to hold above $60,000, it could lead to further corrections towards $55,000 or even lower.
In summary, the $60,000 zone is a critical support level for Bitcoin, but its ability to hold depends on market conditions, sentiment, and technical factors. If Bitcoin fails to maintain this level, it could lead to further price declines.
CNBCAnyone remember 2 years ago when yield curve inversions were happening and they moved the goal post for recession? Naw, nothing to see here! Jim Cramer just like 6 months ago said that anyone that uses the yield curve as a tool is spreading FOMO and FUD, blah, blah, blah. I still cannot believe after the Wells Fargo garbage anyone would ever listen to Cramer but they still do. It just shows who in the market is delusional. Just focus on earnings he said. Now that Trump is in office the main stream media has done a complete 180 degrees. On CNBC yesterday: The federal Reserve's favorite recession indicator is now flashing warning signs. Nobody in mainstream media was saying anything about recession's on the Biden administration clock but now that Trump is in office the yield curve and inversions matter? This just did not happen overnight, not even remotely. You can look up numerous charts that show spending by President and Biden was the absolute worst, ever. If you listen to facts, you cannot fail as a trader but if you play follow the leader, you absolutely will get your rear end handed to you. Follow charts, not feelings, not the news, especially CNBC. Here is a news flash, recession: You wish, The Great Depression 2.0 with WW3 is next. You cannot print into oblivion and think nobody is going to pay for this. The US dollar isn't even worth 3 cents. People think inflation is the cost of products going up. It is not, inflation is the dollar worth less and that is why the dollar does not get stretched as far. Companies just take advantage of inflation to jack prices and line their pockets. It really is that simple. Back during the Great Depression, JP Morgan bailed the market out. Fun Facts:
-J.P. Morgan was a banker who helped the U.S. government during the Panic of 1893 and the Panic of 1907.
-During the Panic of 1893, Morgan helped the U.S. government by purchasing $62 million in gold to replenish the government's gold reserves.
-During the Panic of 1907, Morgan and his banker friends purchased $30 million in city bonds to prevent a financial collapse.
-Morgan also helped to finance the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric in 1891. A total of less than $100 million.
You are not bailing out a market that is over $30 Trillion in debt, so what happens? You want to know the truth? We don't do anything, default on the debt, the dollar crashes (which it already has) and we move to a new system. Which is CBDC, or Central Bank Digital Currency. Why do you think Trump is so big on crypto? Because he knows what is next, he is a business man. No matter what you think about presidents as people, they are all in on this and you're not invited. This is why I swing trade because until this hits bottom and I am talking S&P 500 to 1100 type of bottom, there's nothing long that looks great at all. We have to crash first. So many falsehoods out there being propagated by main stream media and wanna be traders, instead of just saying the truth. In the markets, it doesn't matter which side you're on, money doesn't care who you vote for. Stick to the charts and you cannot lose in short term trades. It isn't about the quantity of trades and your 40 accounts. It's about the quality, in and out. We have to stop lying in the financial world because of political sides. Politics does not belong on Wall Street. In the late 90's, I never even heard anyone talk about Democrats or Republicans on the trading floor. My point of all this? Do you see how following narratives can get you into trouble? 401ks, pensions, retirements are going to implode when the debt market finally gives way. Get ready folks!!
Bullish continuation?GBP/AUD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 2.0243
1st Support: 2.0099
1st Resistance: 2.0507
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BTC USD entry point 87000 target 85000stop loss88000Here's your updated BTC/USD trade setup:
Trade Setup
- *Entry:* $87,000
- *Target:* $85,000
- *Stop Loss:* $88,000
Trade Type
- *Short Sell*: You're betting on BTC's price decreasing.
Risk-Reward Analysis
- *Risk:* $1,000
- *Reward:* $2,000
- *Risk-Reward Ratio:* 1:2
Monitor market movements closely!
3/4 - TSLA long Hello traders,
TSLA crossed through two major support levels, S1 and S2, today but is now rebounding. Market volatility has been wild lately, so consider lowering your take-profit (TP) targets. I’d initially take profit around the $330 area, and if it holds, the next target would be $375. The chart looks strong, and we’ll likely see a gap up tomorrow.”
Good luck everyone. May the trend be with you.
AP
EUR/USD - Breakout Goes 'Boom,' Now What?It took a little while but what we've just seen in EUR/USD is a great example of a pent-up breakout. The 1.0500 level was tough, with some additional resistance at the Fibonacci levels at 1.0523/1.0533, but once bulls were able to clear that, they had full control and prices have run quickly to the upside.
There's another component here, and something I'll follow up with in a later post, but there's been a massive movement-lower in the US Dollar and that's helping to fuel the move in EUR/USD.
Tomorrow the European Central Bank is widely-expected to cut rates again, making the fundamental argument behind today's move even more of a challenge. But, the reality is ever since Monday the US Dollar has been on slippery ground as there's now worry and concern of recessionary potential in the U.S. economy. The Federal Reserve Bank of Atlanta's GDP Now is suggesting a -2.8% contraction in GDP for Q1, and this follows the dynamics in the yield curve from last year, when the 10-year/3-month Treasury spread remained inverted for much of 2024, only normalizing in Q4 as longer-term yields lifted.
There's been a fast re-pricing of rate cuts into the end of the year, further suggesting worry about the U.S. economy and that's a large driver of this move in EUR/USD, as the pair has broken out to the upside even with the ECB readying to cut rates again tomorrow.
At this point, RSI on the daily is moving into overbought territory and given the size of the breakout, this can be difficult to chase. There could, however, be pullback potential, especially if we hear a dovish outlay at ECB tomorrow. The 1.0611 area is of interest for higher-low support potential, as is the 1.0500/1.0523-1.0533 zones. - js
Ethereum Holds Key Support at Weekly Trendline: What's Next...?Ethereum Holds Key Support at $2,100: Could a Rally to $4,000 Be Coming? Altcoin Season and Trump’s Crypto Summit as Potential Catalysts
Ethereum is currently finding support at a critical juncture, with the price holding steady at the weekly uptrend line and an important support level around the $2,100 mark. Historically, every time Ethereum has tested this support zone, it has bounced significantly, often making strong moves toward the $4,000 level. The question now is whether history will repeat itself.
At this point, Ethereum’s ability to maintain this support level is crucial. With the market in a generally cautious state, Ethereum's resilience at this key level could signal the potential for a powerful rally in the near future. The broader crypto market is also awaiting the highly anticipated "altcoin season," where altcoins—especially Ethereum—could see a surge in demand, potentially driving prices higher.
Adding to the excitement, former U.S. President Donald Trump is set to host a crypto summit at the White House on March 7. This event could serve as a major catalyst for the next crypto rally, especially if significant regulatory or institutional insights emerge. The combination of Ethereum holding its critical support, the potential for altcoin season, and the White House summit could create the perfect storm for a significant price movement in Ethereum.
As Ethereum continues to hover around the $2,100 mark, traders and investors are closely watching for any signs of a breakout. If the rally to $4,000 materializes, it could set the stage for further gains, with the broader crypto market potentially following suit. The next few weeks could prove to be pivotal for Ethereum and the cryptocurrency space as a whole.
GBP/USD - Key AreaBias: Neutral
Trend: Very Bullish
Idea: For scalper, safe short can be place after can be taken after a break and closure below 1.27984
Key area: 1.27984, please be mindful that this is a critical area, where, longs can be taken as well. The reason behind this is because it's a break and retest scenario on lower time frame, and respecting higher time frame for better pricing to long.
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This is not a financial advise, this is just my idea and genuinely posted to the public.
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Trade smart and make wise decision!