USDCAD downtrend continuation below 1.4300The USDCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.4300, which represents the current intraday swing high and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.4300 resistance, could lead to a downside move targeting support at 1.4020, with further potential declines to 1.3900 and 1.3830 over a longer timeframe.
On the other hand, a confirmed breakout above the 1.4300 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 1.4370 resistance, with a potential extension to 1.4420 levels.
Conclusion:
Currently, the USDCAD sentiment remains bearish, with the 1.4300 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Chart Patterns
Ethereum - Short Term Sell Trade Update!!!Hi Traders, on April 8th I shared this idea "Ethereum - Expecting Retraces Before Prior Continuation Lower"
I expected retraces and further continuation lower until the two Fibonacci resistance zones hold. You can read the full post using the link above.
The bearish move delivered, as expected!!!
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAU / USD 1 Hour ChartHello traders. As per my last analysis, gold pushed down to my potential retest area.. I am watching the lower time frames but I am cautious as we have the NY open in an hour. If we break and close below $3042 then I would find this idea invalid. Need the current 1hour candle's bottom to hold. Could be a nice scalp up. Let's see how it plays out. Be well and trade the trend. Shout out to Big G.
Explosive Breakout Setting Up on GBP/USD – Here's the Roadmap🔥 GBP/USD Technical Analysis – 4H Timeframe | Market Poised for Breakout or Breakdown?
Key Support: 1.26888
Key Resistance: 1.28829
Market Structure: Consolidation with bullish undertones
Bias: Neutral-to-bullish (pending confirmation)
🧠 Market Overview:
The GBP/USD pair is currently consolidating within a well-defined horizontal channel on the 4-hour chart, oscillating between 1.26888 (major support) and 1.28829 (key resistance). This prolonged range-bound behavior reflects a market in balance, where buyers and sellers are cautiously awaiting a catalyst to drive the next impulsive move.
The price action suggests that this consolidation phase may be coming to an end soon. A breakout or breakdown from this tight range is likely to set the tone for the next major trend. Market participants should be alert to early breakout signals and volume surges as confirmation triggers.
📊 Price Structure and Key Observations:
The market has printed a series of higher lows within the consolidation range, indicating a subtle bullish pressure beneath the surface.
Price is hovering near the mid-range zone, consolidating after multiple failed breakout attempts at 1.28829.
A squeeze in volatility is evident from narrowing candlesticks and declining ATR, often preceding explosive directional moves.
🔍 Technical Indicators Breakdown:
✅ RSI (14):
Currently trading around the neutral zone at 50, showing no clear directional bias. However, higher lows on RSI suggest potential bullish divergence forming, which could be an early signal of upward momentum building up.
✅ MACD:
A recent bullish crossover below the zero line indicates potential for a shift in momentum. Histogram bars are starting to turn positive, supporting a near-term bullish scenario if price confirms with a breakout.
✅ Moving Averages:
Price is trading above the 50-period SMA, which has acted as dynamic support on several occasions.
The 200-period SMA remains below current price levels, indicating a medium-term bullish structure remains intact unless support is broken decisively.
🔮 Potential Scenarios:
✅ Bullish Breakout Scenario:
If price breaks and closes above 1.28829 on strong bullish volume, it would represent a major breakout from the current range. This could open the door for a new impulsive leg to the upside.
Upside Targets:
🎯 1.29650 – Short-term resistance level from previous highs
🎯 1.30300 – Psychological round number and previous supply zone
🎯 1.31000 – Extended target aligned with Fibonacci 1.618 projection
Confirmation Factors:
Break + retest of 1.28829 as new support
RSI holding above 60
MACD expanding positively
❌ Bearish Rejection / Breakdown Scenario:
Should the pair fail to break above 1.28829 and print a strong bearish rejection candle (e.g., Shooting Star, Bearish Engulfing), the pair could retest the lower support of 1.26888.
A clean break below 1.26888 with a decisive bearish close could signal a trend reversal, shifting sentiment toward the downside.
Downside Targets:
📉 1.26000 – Near-term psychological support
📉 1.25200 – Previous demand area and key fib level (61.8%)
📉 1.24400 – Long-term trendline support (if applicable)
⚙️ Trade Strategy & Risk Management:
Breakout Traders: Wait for a confirmed candle close outside the range (either above 1.28829 or below 1.26888) before entering. Avoid false breakouts by validating with volume and momentum indicators.
Range Traders: Continue fading the range boundaries (buy near 1.26888, sell near 1.28829) while the channel remains intact. Use tight stop-losses just beyond the range to mitigate whipsaw risks.
Swing Traders: A successful breakout presents excellent risk-reward setups for multi-day trades, especially if accompanied by high volatility and news catalysts (e.g., NFP, BoE/Fed announcements).
🧭 Conclusion:
The GBP/USD pair is coiling tightly within a critical decision zone between 1.26888 and 1.28829. The tightening price structure, supportive indicators, and market indecision suggest that a major breakout is imminent.
Whether bulls take control or bears force a breakdown will largely depend on macroeconomic catalysts and institutional order flow. Traders are advised to stay patient, let the market reveal its hand, and execute only on high-probability setups with clear confirmations.
This is not the time to chase the market—this is the time to prepare for the move.
💬 Let me know in the comments how you're positioning yourself on GBP/USD this week!
🔔 Follow for more real-time setups, macro breakdowns, and professional market insights.
📈 Stay sharp, stay technical.
Would you like me to generate a matching TradingView chart snapshot with drawn zones and notes to go with this analysis for posting?
USDJPY What Next? BUY!
My dear followers,
This is my opinion on the USDJPY next move:
The asset is approaching an important pivot point 145.10
Bias - Bullish
Safe Stop Loss - 144.25
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 146.89
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
So here’s what I’m doing: Not Panicking.This analysis is provided by Eden Bradfeld at BlackBull Research.
Listen, the US has survived the depression of WWI, the Great Depression, the depression of WWII, oil shocks, the dot com bubble, the GFC, the COVID-sell off. It’ll likely survive this.
In the scope of history, that $1 survived very well indeed. Panicking and running for the hills does not do so well. Winston Churchill was a great and flawed man but a terrible investor; he bought and sold shares prior to the 1929 crash in such speculative investments as mining companies, railways, and so on — most of them lost money (hence why Churchill continued to write at such a pace — to fund his Champagne-and-spec stock lifestyle). Hetty Green, on the other hand, (known as the “Queen of Wall Street”, managed to do very well her time — her quote?
I buy when things are low and no one wants them. I keep them until they go up, and people are crazy to get them.
Now, that’s something I can get behind.
Nobody wanted Meta a few years ago. I wrote an internal memo, close to its plummet in ‘22 (it got to $99 or so a share!). I wrote this:
ii) Yet what if we were to tell about about a company with this set of heuristics? Let’s call it “Company A”
Company A has a 31% return on equity and a 20% return on capital.
It has a net income margin of 37% and a FCF margin of 21%
Its income has a compounded annual growth rate over the last 5 years of 41%
If we add in numbers, now, let’s say the net income for 2020 was $29 billion, and $10 billion of that was used to repurchase stock from shareholders?
Let’s say the unlevered FCF is around $6 billion per quarter, and let’s say the debt to equity ratio is about 9x.
In other words, Company A is grows at a quick clip, and has done sustainably for the majority of its life. Its return on capital and return on equity would make any investor happy. Its FCF is an absolute machine.
Would you buy Company A?
Company A was Meta . You would’ve roughly made 4x or 5x’d your money if you’d bought around then. The point is, the fundamentals of a business matter, and right now there a quite a few exceptional businesses with good fundamentals trading at a good price. Alphabet (Google) trades at ~16x earnings. LVMH trades at ~18x earnings. And so on. Brown-Forman trades at ~15x earnings. These are all “inevitables” — Google will continue to be a dominant advertising platform, LVMH will continue to sell luxury, and Brown-Forman will continue to sell Jack Daniel’s and so on.
I talked to my ma in the weekend. She is not really a share person. Her portfolio is a bunch of “inevitables”. It’s done very well. She said “aren’t you worried about this stock market?”, and I said “You love supermarket shopping, Mum. If you see something at a 25% discount you buy it. You come home, and you’re delighted that you found some mince on special²”
She was like, “oh, that makes sense”.
The problem is you have a lot of people looking at charts and catching worry that the world will end. The world, I am delighted to say, has a magnificent disposition to carry on.
Has Gold established a bottom?04-07 was the ideal timing for a low, which proved to be correct.
From a cyclical standpoint, we need to break and close above the cycle-derived resistance line before a move toward new highs can be expected.
Why do cycles work? Because they define the natural boundaries of price energy. Just like everything in the universe moves in cycles, so does price. Mapping these cycles reveals order where there once appeared to be chaos.
Keep in mind that the potential for a larger FALSE MOVE to the downside still exists.
XAU / USD 1 Hour ChartHello traders. Taking a look at the hourly chart I have marked my area(s) of interest. If we pull back to the potential retest area, depending upon market conditions, I would look to see if support holds/ forms for a possible quick scalp up. This is just speculation and what I am looking at and not trading advice. Let's see how the Pre NY / NY volume does over the next hour or so. Big G gets a shout out. Be well and trade the trend. Happy Wednesday.
Closing excellent Buying orderAs discussed throughout my yesterday's session commentary: "My position: I have Sold Gold throughout yesterday' session twice from #3,035.80 - #3,042.80 (closed both on #3,015.80) and Bought Gold on #2,065.80 and kept order over-night / closing #3,011.80 few moments ago which is excellent Price-action to Profit on and I am looking forward for today's opportunities. I do expect Gold to remain in #2,952.80 - #3,052.80 range for a while where I will Buy and Sell respectively from my calculated re-Sell and re-Buy zones."
I have closed Buying order I kept over-night where I bought #2,982.80 Double Bottom and closed my order all the way on #3,027.80 firstly, then re-Bought Gold there towards #3,042.80 local High's. I am more than satisfied with my Profit and won't make any more Trades today.
GBP/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so GBP-AUD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 2.090.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
USD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.846 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
Decimated: Your Altcoin ChoiceWhat's your view on this chart?
I believe that the market cycle is king. The cyclical nature of the market controls most of the price action. If sellers decide to sell in a bull market, prices grow regardless of how much selling pressure is present. If buyers are active within a bear market, we tend to see new lows all of the time. Lower lows and lower lows regardless of how much buying power buyers can put together. To me, the market cycle is king.
Here DIOUSDT started trading in December 2021. A launch rise and then a strong decline. This decline coincides with Bitcoin's peak price in November 2021. Bitcoin peaked and this signaled the start of a bear market. This bearish cycle reaches the entire Cryptocurrency market. Here we can see DIOUSDT going down strong based on this broader cycle.
After the market hits bottom, we get a consolidation period, sideways. The accumulation phase. This accumulation is always followed by a bullish breakout. Late 2023 to early 2024 was bullish for DIO, and this period was also bullish for Bitcoin and the Altcoins.
Here DIOUSDT produced a low in September 2024 but the bullish wave that was present in late 2024 is very small. A small bullish wave means weakness and this weakness is reflected in the present day long-term lower low.
The orange zone, support—buy—accumulation etc., has been pierced but remains valid. This is the time to buy, buy big and buy strong.
If DIOUSDT performed poorly in this last 2024 bullish wave; What about now, what to expect?
We can interpret the chart in several ways:
1) The action in late 2023 was really strong reaching almost 2,000%. Which means that there is interest in this project and potential for huge growth has been proven. If this pair can grow this much in a transition year, how much more can it grow in a bull market year?
2) The fact that it has been weak lately can mean that it will have a weak bull market. (I am not of this opinion.)
3) Insiders are selling big time just to go full blown bullish in 2025. (This is more my view.) Imagine the insiders saying, "Sell everything and sell as much as you can or want, we will buy everything up when prices go as low as possible."
In short, there is huge potential for growth for this pair. The rest was written for your entertainment. Thanks a lot for your continued support.
Here are some targets based on Fibonacci extension:
Easy targets:
— 0.055737 for 1,387%
— 0.140195 for 3,641%
Strong targets:
— 0.224653 for 5,895%
— 0.393569 for 10,403%
Very strong:
— 0.607071 for 16,101%
New All-Time High:
— 1.583324 for 42,156%
Leave a comment with your thoughts.
Simple and simplified: DIOUSDT (Decimated) is about to experience a strong phase of growth. The same dynamics in late 2024 also happened in 2022. It didn't quite move with the market in the intermediary waves but it did so in the bigger waves. This can mean that DIO can do good in this upcoming bull market phase.
Namaste.
Bitcoin Weekly For The Value Hunters & Range Enjoers. With lack of significant bid in the books until 70k. Ideally we drop to value sooner than later & gather demand with a range through summer. Supply has been chasing price down, with perps traders off loading latest positions yesterday in the US session.
This will be painful to most crypto traders but good for range trade enjoyers & spot value hunters.
Key levels: 70/71k Weekly & this is both spot & perps largest resting order blocks in the order books.
Is there any chance for an ALTSEASON now??Just some chart fun. Do you think the pattern will be completed and the current altcoin Bull Cycle will follow the previous two? Do you think there will be a new Altseason amidst the tariff chaos?
Whatever happens, the 1W MA100 (green trend-line) has to hold (close 1W candles above it) if that would be the case and it just got breached.
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Defence Stocks Rise After Trump's DecisionDefence Stocks Rise After Trump's Decision
As shown in the charts, despite predominantly bearish sentiment in the stock market yesterday — with the difference between the opening and closing price for the S&P 500 index (US SPX 500 mini on FXOpen) being down by 4% — defence company stocks showed growth.
According to the WSJ, Palantir Technologies shares rose by 8% to $84.05 on Tuesday, while General Dynamics and Boeing increased by 5% to $260.12 and $145.365 respectively. Northrop Grumman and Lockheed Martin gained about 4% each.
Why Did Lockheed Martin (LMT) Shares Rise?
This occurred after President Trump announced that the defence budget for the 2026 fiscal year would be around $1 trillion, and Defence Secretary Pete Hegset published his announcement about the budget on X (formerly Twitter).
The increase in the defence budget by approximately $50-100 billion contrasts with previous statements from US leadership in February, when:
→ Trump said that "we have no reason to spend almost a trillion dollars on the military";
→ Hegset suggested annually cutting the defence budget by 8% — or around $50 billion — over the next five years.
Such statements had been putting pressure on the price of LMT stock in 2025.
Technical Analysis of the Lockheed Martin (LMT) Chart Today
As a reminder, on 3 October we suggested that breaking the psychological $600 level would trigger profit-taking, which would, in turn, drive a correction following the impressive rally. In the same analysis, we outlined a long-term channel (shown in grey). Since then, the price has dropped by more than 25%. Today, the LMT share price is near the lower boundary of this channel.
It is worth noting that the recent lows around the $425 level resemble a bullish Triple Bottom pattern.
Given this, it is reasonable to assume that bulls may attempt to recover at least part of the decline that started in October 2024. It’s also possible that concerns over rising geopolitical tensions amid the global trade war could support this move.
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.
GBP/USD 4H CHART PATTERNGet ready, traders—the bulls are losing control, and the bears are waking up!
We just witnessed a major break from a long-standing ascending channel, and the momentum is screaming downside potential.
What’s happening?
Price broke below the rising channel with strong bearish momentum and high volume—a textbook move signaling a trend shift!
Next key levels to watch:
Support Zone 1: 1.25756 – Previous demand area and a magnet for price action
Support Zone 2: 1.22672 – Stronger, historical support; if we get here, it’s game on for the bears!
What to expect next?
Watch out for a potential pullback/retest around the 1.2850–1.2900 zone before a deeper dive. If the retest holds, we could be looking at a clean ride down to the support levels.
Volume spike = confirmation. This isn’t just a dip; this is a possible trend shift.
Bearish Setup:
Entry: On pullback or continued breakdown
TP1: 1.25000
TP2: 1.22000