#MYRO/USDT#MYRO
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 bounce from the lower limit of the descending channel, this support is at a price of 0.01670
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 0.01920
First target 0.02133
Second target 0.02133
Third target 0.02267
Chart Patterns
US30 – Critical Support Levels & Trendline Retest
The Dow Jones Industrial Average (US30) has been facing headwinds recently, as market sentiment shifts amid macroeconomic uncertainties. The Federal Reserve's stance on interest rates remains a key driver, with investors closely watching inflation data and employment reports. Despite a resilient labor market, concerns over persistent inflation have led to speculation about further rate hikes, which could weigh on equities.
Earnings season has been mixed, with some key industrial and financial stocks underperforming expectations, adding downward pressure on the index. Geopolitical tensions and ongoing supply chain issues continue to create volatility, making technical levels even more crucial for traders.
Technical Analysis
Timeframe: 1D
Trendline Retest: The price is currently testing a long-term ascending trendline, which has acted as a strong dynamic support since mid-2024.
Key Levels to Watch:
Support Zones:
42,223.71 – A strong horizontal support level, previously tested multiple times.
41,664.81 – Deeper support level, aligning with past demand zones.
Resistance Levels:
43,072.00 – A short-term resistance zone where sellers have recently stepped in.
Bearish Break Risk: If US30 closes below the trendline and breaks the 42,223.71 level, a deeper correction toward 41,664.81 could be in play.
Bullish Scenario: Holding above the trendline could trigger a bounce, with buyers targeting 43,072.00 and potentially higher levels.
Final Thoughts
The market remains at a pivotal moment. A breakdown below the trendline could accelerate bearish momentum, while a successful bounce could confirm continued bullish structure. Traders should monitor macroeconomic developments and technical confirmations closely before positioning themselves.
Happy Trading
📌 What’s Your Bias? Share your thoughts in the comments! 🚀📉
GOLD The ADP Non-Farm Employment Change and ISM Services PMI might affect the DXY (US Dollar Index) and Gold trade directional bias today:
1. ADP Non-Farm Employment Change (2:15 PM)
Forecast: 141,000 jobs
Previous: 183,000 jobs
Impact on DXY:
Stronger-than-expected data: Could strengthen the DXY as it suggests a robust labor market, potentially leading to tighter monetary policy by the Federal Reserve.
Weaker-than-expected data: Might weaken the DXY if it indicates a slowdown in job creation, potentially leading to looser monetary policy expectations.
Impact on Gold:
Stronger-than-expected data: Could put downward pressure on gold prices as a strong labor market might lead to increased risk appetite and expectations of higher interest rates.
Weaker-than-expected data: Might boost gold prices as investors seek safe-haven assets in response to economic uncertainty.
2. ISM Services PMI (4:00 PM)
Forecast: 52.5
Previous: 52.8
Impact on DXY:
Above-forecast data: Could support the DXY by indicating a healthy services sector, which is a significant part of the U.S. economy.
Below-forecast data: Might weaken the DXY if it suggests a slowdown in the services sector, potentially impacting economic growth.
Impact on Gold:
Above-forecast data: Could reduce demand for gold as a strong services sector might boost risk appetite and reduce the need for safe-haven assets.
Below-forecast data: Might increase demand for gold as investors become cautious about economic growth.
Overall Trade Directional Bias:
DXY: A strong ADP report combined with a robust ISM Services PMI could support the DXY, while weaker-than-expected data in both could lead to a decline.
Gold: Conversely, weaker-than-expected data in both reports could boost gold prices as investors seek safe-haven assets, while strong data might reduce demand for gold.
Trading Strategy:
Buy DXY/Short Gold: If both reports are stronger than expected.
Sell DXY/Long Gold: If both reports are weaker than expected.
Neutral or Wait: If the reports are mixed or align closely with forecasts, as market reactions might be muted.
CHART REPORT ;
buyers broke out of ascending bullish trendline and failed to create a new high above 2920,a sustain move above 2920 will open 2947 as the next supply roof, as more pressure persist we could see 2957-2966 as final supply roof.the price movement is trapped between 2920 and 2900 awaiting clear directional bias from economic data print(ADP AND ISM)
from the floor 2880-2885 is a good discount for buyers to resume buying and below 2880-2885 is 2870-2867 for buy.
the market need buy liquidity to upswing, stay alert
USDCHF H4 I Bearish Reversal Based on the H4 chart, the price is rising toward our sell entry level at 0.8948, aligning with the 50% Fibonacci retracement.
A rejection at this level could drive prices lower toward our take profit at 0.8888, a swing low support.
The stop loss is set at 0.8990, a pullback resistance.
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Gold (XAUUSD) - Inverse Head & Shoulders Breakout Setup!Hello everyone, i hope you all will be doing good in your life and your trading as well, let's discuss about Gold and it is showing a strong bullish setup with an inverse head and shoulders pattern on the 1-hour chart . This means buyers are stepping in , and a breakout above the $2,930-$2,932 neckline could push prices higher toward the next resistance at $2,954-$2,960 . A stop-loss around $2,910-$2,906 can help manage risk in case of a pullback. Watch for volume confirmation when the breakout happens—it’ll add more strength to the move!
If Gold breaks out and holds above the neckline , we could see a good upside rally as buyers take charge. But if it fails to sustain, we might see some consolidation or even a drop. Best approach? Wait for a clean breakout and retest before jumping in. Stay sharp, manage risk, and trade smart!
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
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Gold Intraday Trading Plan 3/6/2025Gold was indeed rejected multiple times from 2920 and went until 2895. But it failed to break 2920.
However, the 4hrly bullish candles which attempted to break the resistance are on a rising pattern. This signals strong possibility that 2920 could be broken today.
I will be more conservative today. Therefore, I will only trade the break out.
If 2907 is broken, gold will switch to short term bearish trend.
DXY Weakens, EUR/USD Breaks Out BullishThe DXY has broken its bullish trendline and a key support area. It is now approaching the next support level on the daily timeframe. Similarly, EUR/USD has broken out above its falling wedge pattern, signaling a bullish move for the euro. Consider buying EUR/USD and riding the trend until it reaches the resistance level.
Amazon Stock Trapped in a Bearish ChannelOver the past two weeks, Amazon's stock has declined by more than 13% , forming a new bearish channel. Selling pressure has intensified as concerns about potential tariffs begin to affect investor confidence in Amazon's multinational operations. The possible onset of a new trade war could seriously impact some of Amazon’s business model, which relies on importing products from other countries into the United States. This could eventually reduce demand and continue to reinforce the bearish bias in stock movements.
Bearish Channel
Since late February, shortly after the earnings report, Amazon's stock has entered a clear short-term bearish channel, reaching a low of $197 per share. Currently, a minor bullish correction is emerging, approaching the upper boundary of the bearish channel. However, as long as bullish momentum fails to break this upper level, it is likely that the channel will remain the dominant formation, maintaining downward pressure on the stock.
ADX Indicator
The ADX line continues to rise above the neutral level of 20, reaching levels not seen since December 2024. This reflects the momentum of current price movements and the increase in volatility affecting the stock. If the ADX line remains elevated, volatility could either support or challenge the current trend, depending on market dynamics.
MACD Indicator
Lower lows in price movements and higher lows in the MACD histogram have formed a divergence between the indicator and price movements. This imbalance of forces could signal the continuation of short-term bullish corrections.
Key Levels:
$230: Major resistance. This level corresponds to the highest price zone recorded in December 2024. If the stock returns to this level, it could reactivate a previously forgotten uptrend.
$216: Current key resistance. This level aligns with the upper boundary of the bearish channel and the 100-period simple moving average. Sustained buying pressure above this level could put the bearish channel at risk.
$197: Near-term support. This level corresponds to November 2024 lows. If the stock breaks below this support, it could lead to new lows on the chart, reinforcing the ongoing downtrend.
By Julian Pineda, CFA – Market Analyst
Bitcoin (BTC/USD) – Symmetrical Triangle Breakout or Breakdown?Bitcoin is currently consolidating inside a symmetrical triangle on the 1H timeframe, preparing for a strong move in either direction!
Key Levels to Watch:
📌 Breakout Target: $105,939 (+18%) 🚀
📌 Breakdown Target: $73,429 (-18%) ⚠️
📌 Resistance Zone: $92,000 (important breakout level)
📌 Support Zone: $84,000 (potential breakdown zone)
Technical Analysis:
🔹 BTC is forming a symmetrical triangle, which typically leads to a strong breakout or breakdown.
🔹 A breakout above $92,000 could send Bitcoin towards $105,939.
🔹 A breakdown below $84,000 could push BTC towards $73,429.
🔹 Confirmation with volume is key before entering a trade!
Trade Plan:
✅ Bullish Scenario: Buy above $92,000, target $105,939
❌ Bearish Scenario: Short below $84,000, target $73,429
🎯 Wait for a confirmed breakout or breakdown before entering a position.
Bitcoin is at a critical decision point—which way will it go? Let me know your thoughts in the comments! 🚀👇
GBP_JPY POTENTIAL SHORT|
✅GBP_JPY is about to retest a key structure level of 193.000
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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XAU / USD 4 Hour ChartHello traders. Happy mid week Wednesday. Watching the market over the last few days as gold carved out it's potential paths for this week. On the 4 hour chart I have marked my area of interest for scalp buys / sells. Not enough trading volume for me at this point so I will paper trade it. Let's see how the daily finishes. Lower time frame confirmations are a must, so don't force or rush a trade. Big G gets all my thanks. Be well and trade the trend.
GOLD VIEW 1H READ THE CHAPTIAN Hello 👋 gold Traders
technical analysis of Gold (XAU/USD) on a 1-hour timeframe. Here’s a breakdown of the key elements:
1. Fair Value Gap (FVG Level): The purple zone represents an area of inefficiency where price may return to fill before continuing its trend.
2. Change of Character (CHOCH): Indicates a potential shift in market structure, suggesting bullish momentum.
3. Double Top (Red Arrows): Price was rejected twice at the same level, indicating possible resistance.
4. Moving Averages:
200 EMA (Blue Line at 2,901.507): Long-term trend indicator.
30 EMA (Red Line at 2,911.101): Short-term trend indicator.
5. Price Action Forecast:
Price is expected to retrace into the FVG level before continuing upwards toward the target point at 2,961.779.
This suggests a bullish outlook as long as price respects the FVG level as support. Would you like a more detailed breakdown
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Gold Price ActionHello Trader,
I'm still waiting for this setup. I'll go short in the Hidden Supply Zone. Remember, never trade or follow analysis blindly. Be patient—wait for the liquidity sweep and then observe the candle formation. This analysis is based on a multi-timeframe approach, so always trade wisely.
Don't forget to manage your risk properly. Wishing you all the best and happy trading!
Thank you!
March 5 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
There is an indicator announcement at 12 o'clock on Nasdaq.
Yesterday, based on Tether Dominance, the 4-hour chart was maintaining a thin line above the center line,
so it is rebounding strongly as expected, coupled with the Nasdaq rebound.
It is very difficult to make an entry point again today.
Yesterday, Nasdaq touched the Bollinger Band weekly chart support line, so I judged this week to be a major rebound section.
(It is good that the support line is supporting it.)
At least, Bitcoin followed the trend according to the possibility of a sideways movement without a plunge.
*Red finger movement path
Long position strategy
1. $88,407 long position entry section / cut-off price when purple support line is broken
2. $96,005 1st target -> Top section 2nd target
After liquidation, bottom section 1 long position re-entry section / cut-off price autonomous
Today's long position entry section is
30-minute support + 1-hour central pattern that returns.
(Today's first wave)
I explained most of the key points of the strategy yesterday.
The reason I focused on the long position today is
The daily chart MACD golden cross is in progress,
*In the case of Tether dominance, it is a daily central line + 12-hour chart support line pattern,
but since the mid-term pattern is broken and the daily chart central line is the second touch, I thought it was highly likely to be pushed by force.
Section 1 at the top and section 2 at the bottom are sideways.
Because the downward direction is open from the bottom section,
it can flow up to section 3.
Up to this point, I ask that you simply use my analysis for reference and use only,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.
Why GBPJPY is Bullish? Detailed Technicals and fundamentalsGBPJPY has successfully broken out of a falling wedge pattern, signaling a strong bullish momentum ahead. The breakout confirms a potential trend reversal, with buyers stepping in to push the price higher. Currently trading around 191.500, the pair is expected to gain over 500 pips, targeting the 198.500 level. A falling wedge breakout is typically a bullish continuation signal, and with increasing buying pressure, GBPJPY could see a steady upward move in the coming sessions.
From a technical standpoint, this breakout suggests that the pair has overcome a period of consolidation and is now positioned for an extended rally. Key resistance levels ahead will be 193.000 and 195.000 before reaching the 198.500 target. A strong bullish candlestick confirmation above these levels will add more confidence to this setup. Traders should also watch for retests of the breakout zone, as they often provide good entry opportunities before further upside movement.
On the fundamental side, GBPJPY is influenced by Bank of Japan’s (BoJ) ultra-loose monetary policy and the UK’s economic outlook. If the BoJ continues to maintain its dovish stance, the Japanese yen may weaken further, providing additional fuel for GBPJPY's bullish run. Additionally, any positive economic data from the UK, such as strong GDP growth or inflation control, could support further gains. Given the technical breakout and fundamental factors, GBPJPY looks well-positioned for a strong rally toward 198.500 in the near term.
US500 Will Move Lower! Sell!
Please, check our technical outlook for US500.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 5,819.9.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,578.2 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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