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Brent Crude Price Breaks Key Support LevelBrent Crude Price Breaks Key Support Level Today, Brent crude is sliding towards the psychological $70 per barrel mark, with the XBR/USD chart showing a break below a key support level (marked in blue) that had been holding since autumn last year. Why Is Brent Crude Falling? The bearish sentiment in the market is driven by OPEC+’s decision to increase oil production, contrary to analysts’ expectations that existing output cuts—designed to support prices—would remain in place. According to the Wall Street Journal, analysts now predict: → Oil production will rise by 137,000 barrels per day from April 2025 to September 2026. → Brent crude may drop below $70 per barrel. Technical Analysis of XBR/USD From a long-term perspective, Brent crude is forming a descending channel (marked in red), connecting the April and July 2024 peaks. The break below this support level could signal a renewed downtrend following a prolonged period of consolidation. If XBR/USD sees a short-term recovery from its yearly lows, key resistance levels to watch include: → The midline of the descending channel. → The former support level (marked in blue). Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. 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.
FXOPEN:XBRUSD
by FXOpen
1
Nvidia (NVDA) Stock Hits New Yearly LowNvidia (NVDA) Stock Hits New Yearly Low The NVDA stock chart shows that during yesterday’s trading session, the price dropped to $112.16, marking: → A new low for 2025, surpassing the previous bottom set on 3 February. → The lowest price in nearly five months. Why Is Nvidia (NVDA) Stock Falling? Bearish sentiment may be driven by: → A Wall Street Journal report stating that Chinese companies can still access Nvidia’s latest Blackwell chip despite Biden-era restrictions. Investors may fear tighter regulations, as the U.S. aims to limit technological advancements for geopolitical rivals. → The impact of Trump’s trade tariffs, which continue to disrupt global markets. Technical Analysis of NVDA Stock As noted in our report five days ago, NVDA’s price is forming a more defined downward channel (red) while moving further away from the Rising Wedge pattern (blue). How Low Could Nvidia (NVDA) Stock Drop? Despite NVDA’s weak performance relative to the broader market, investors may seek long positions in this former 2024 market leader. Potential support levels: → The lower boundary of the red channel. → The psychological $100 mark. If the Rising Wedge plays out, bears may target $85, based on the A-B range projected from point C. A high-risk bullish argument could suggest that yesterday’s drop was a false bearish breakout below the 3 February low. NVDA Stock Price Forecast Analysts remain optimistic, possibly due to last week’s strong earnings report. According to TipRanks: → 38 out of 41 analysts recommend buying NVDA. → The 12-month average price target is $178. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. 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.
NASDAQ:NVDA
by FXOpen
1
#ARB/USDT#ARB 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 0.3640 We have a downtrend on the RSI indicator that is about to be broken and retested, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 0.3730 First target 0.3890 Second target 0.4047 Third target 0.4266
Long
by CryptoAnalystSignal
#PORTAL/USDT#PORTAL 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 0.1070 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 0.1100 First target 0.1182 Second target 0.1247 Third target 0.1334
Long
by CryptoAnalystSignal
#SUI/USDT#SUI 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 upwards strongly and retest it We have a bounce from the lower limit of the descending channel, this support is at a price of 2.36 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 2.44 First target 2.51 Second target 2.64 Third target 2.78
Long
by CryptoAnalystSignal
levels to watch out I’ve been bearish on the market since last year, constantly warning about an impending correction. While it seems we've moved past the initial anxiety phase, retail investors are still in denial. Many are clinging to losing positions, hoping for a rally to help them average out their losses. A small 100-200 point uptick might bring temporary relief, but the real panic session is yet to come. When that moment arrives, it’s likely to trigger a bloodbath, with the market potentially correcting deeper than anticipated, possibly even dipping below the 19,000 mark. That level, in my view, would represent an ideal opportunity for long-term accumulation. Once that floor is reached and the market stabilizes, it could set the stage for a new bull run that breaks through previous highs.
NSE:NIFTYShort
by Shivkumar600
MATIC / USD [Polygon] EWP TC FIB ANALYSIS WEEKLY TFElliott Wave Analysis for MATIC/USD (Polygon) 1W Time Frame Chart The chart presents a detailed Elliott Wave analysis with corrective patterns, Fibonacci levels, and a long-term price projection. MATIC is currently in a final corrective phase (Wave C of an ABC correction) within a descending channel. A potential bottom formation near the 0.618–0.65 Fibonacci retracement level (~$0.19 - $0.22) suggests a possible trend reversal. (Strong support zone) The RSI (Relative Strength Index) is in the oversold zone, indicating that selling pressure may be exhausting. The previous bullish impulse (Wave (5)) ended around $2.75 This was followed by an WXY corrective multi zigzag, which appears to be reaching its final stage. The chart suggests that Wave (C) of the correction is nearing completion. Bearish Scenario: If the $0.19 - $0.22 support fails, further downside towards $0.10 - $0.05 is possible. However, this scenario would likely require a broader crypto market downturn. Conclusion: Potential Long-Term Trend Reversal The current zone suggests a possible bottom formation, which could lead to a new bullish cycle. A breakout above $0.42 - $0.50 with strong volume would confirm the trend reversal. Traders might consider accumulation in this range with a stop-loss below $0.17. Overall Outlook: Bullish mid-term outlook once the bottom is confirmed.
CRYPTO:MATICUSDLong
by Anakyn
5th march gold updateGold was bullish on 4th with hike of 400pips from 2885 to 2927 the last support becomes current resistance after the dip from ATH of 1200pips of ATH 2956. Today with lotsa high impact news from asian session AUD GDP, Trump speaking at 10 am Asian session, CHF cpi news and lastly Non farm and ISM news. we can expect high vitality rate in the movements for gold. I've prepared myself 2 possibilities for me to expect and to enter the market when only if gold reach either near support to buy and if break current resistance truly and test the resistance as support to continue its buy. However, if the support broke lower then i would expect gold to make its retest towards the major support of 2835 and at the same time to harmonize its weekly bearish engulf as a strong supply to head for its lowest fair value gap of 2790-2750
OANDA:XAUUSD
by HANTRADING
US30 Extends Losses Below 43,212 Amid Tariff UncertaintyUS30 Analysis & Market Impact – March 4, 2025 The price has dropped more than 1,000 points ahead of the tariff announcement, continuing its decline toward 43,212. 📉 Bearish Momentum will persist as long as the price trades below the pivot zone at 43,212. 🔍 Technical Outlook 🔻 Bearish Scenario: As long as the price remains below 43,212, it is expected to drop toward 42,920 and 42,770. A 4H candle close below 42,770 would confirm further downside, targeting 42,588. 🔹 Bullish Recovery: For buyers to regain control, US30 must close a 4H candle above 43,350, signaling a potential recovery. A sustained move above 43,350 would shift momentum toward 43,590. 🌍 Market Sentiment & Trade Impact Investor sentiment remains fragile following Trump’s tariff announcement on Canada, Mexico, and China, increasing downside pressure on US indices. The market is also reacting to China’s retaliation, imposing additional tariffs of up to 15% on some U.S. goods starting March 10. 📌 Key Levels to Watch 🔸 Resistance: 43,350 | 43,590 | 43,770 🔹 Pivot: 43,212 🔻 Support: 42,920 | 42,770 | 42,588 ⚠️ Directional Bias: Bearish as long as US30 remains below 43,212. However, geopolitical developments and market reactions to tariffs may drive increased volatility.
OANDA:US30USDShort
by SroshMayi
Will Gold continue to break upward?GOLD 4H NEW FORECAST 📈 Bullish (Uptrend) Scenario: Current Price: Around $2920 If gold stabilizes above $2918, the trend remains bullish. Next targets for a rise: $2931- $2955(Resistance Zone - GOLDTURN) $2,970 (Major Resistance Level) A break above 2931could signal further upside toward $2970. 💡 Key Takeaway: Stability above $2931 confirms a potential move toward $2955 and $2970. 📉 Bearish (Downtrend) Scenario: If gold fails to hold above 2918and drops below, it may decline. First support level: $2907 Break below $2907 could lead to further drops: $2883 (Support) $2868 (Stronger Support) Major support zone: $2830 - $2805 If price drops below $2883, a stronger downtrend could develop. 💡 Key Takeaway: If gold drops below $2918, expect further declines toward $2907 , $2883 📌 Simple Summary: ✔ Above $2931 → Expect a rise to $2955 & $2970 ✔ Below $2907 → Expect a drop to $2883 & $2868 ✔ Break above $2955 → Strong bullish continuation ✔ Break below $2883 → Strong bearish continuation
OANDA:XAUUSDLong
by Bayram-Tekin
BUY NIFTY 22100 PE 6th Mar @ 135 - 140 | NIFTY SELL TRADENIFTY 22100 PE 6TH MAR EXP NIFTY OPTIONS BUYING TRADE TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS Hi Traders, The Nifty index looks weak and facing selling pressure, presenting a potential sell-on-rise opportunity. We recommend exploring the 23200 Put Option (expiring on 6th Mar) within the price range of ₹135 - 140. Target levels: ₹195 and ₹225. Stop Loss (SL): ₹105 Regards, OptionsDaddy Research Team
NSE:NIFTYShort
by Options_Daddy
4
Gold Shooorting Gold will drop again more, Looking forward to see this happening. Gold has been experiencing a strong uptrend for some time, driven by macroeconomic factors such as inflation concerns, geopolitical risks, and monetary policies implemented by central banks around the world. However, like any market, trends do not last indefinitely, and corrections are a natural part of the cycle. Looking at the price action over the past few weeks, gold has begun to show signs of slowing momentum. While still holding above key support levels, there is a noticeable shift in momentum. The market has recently printed lower highs and lower lows, a sign that bears are beginning to take control in the short term.
CAPITALCOM:GOLDShort
by ElSalehTrading
TITAN - Breakdown? or Shakedown?- The price is self-explanatory as always :) - Titan has broken its long-term range on the downside, signalling weakness. - ₹3,000 is a psychological support level, which may act as a bounce point. - ₹2,900 is the most recent price-based minor support that could provide stability - The next best support zone stands at (₹2,750 – ₹2,800) coupled with 200WEMA. What do you think will happen here. Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
NSE:TITAN
by TheChartereds
Long After 90K Breakout To assess the potential for a breakout, it’s essential to understand the critical levels that will guide price action in the near term: Resistance Level at 90,000 USD: The 90K zone is the primary resistance level, and it has held up several times in recent months. If Bitcoin successfully breaks above this level, the bulls will likely gain significant momentum, potentially leading to a sharp rally. Support Levels: On the downside, Bitcoin has solid support at 80,000 USD and 75,000 USD. If the price fails to break out of the 90K resistance and falls back below these levels, it could signal a temporary pullback. However, the broader trend remains bullish as long as the price stays above these support zones. Technical Indicators Suggesting Bullish Continuation Several technical indicators align to suggest that Bitcoin is well-positioned for a breakout and potential long trade after surpassing the 90K resistance. Relative Strength Index (RSI): The RSI, a momentum indicator that measures the strength of price moves, is currently in the neutral zone but not overbought. This suggests there is still room for upward movement. A breakout above 90,000 USD could trigger the RSI to push into the overbought zone, which would indicate increasing bullish momentum. Moving Averages: Bitcoin’s price is well above its key moving averages, including the 50-day and 200-day moving averages. The 50-day moving average is trending upwards, which is a positive sign for the market's strength. If the price breaks above 90,000 USD, it is likely to find support from these moving averages, helping sustain the upward movement. MACD (Moving Average Convergence Divergence): The MACD has been showing increasing bullish momentum with a widening gap between the MACD line and the signal line. A positive crossover above the 90K resistance would likely see the MACD continue to strengthen, indicating a further buying signal. 4. Chart Patterns Supporting a Bullish Move Looking at the chart, Bitcoin has been forming a symmetrical triangle pattern, which is typically a continuation pattern. This pattern indicates that the price is consolidating between lower highs and higher lows, narrowing toward the apex. When a breakout occurs, especially above a key level like 90,000 USD, the price can move sharply in the direction of the breakout, which in this case would be upward. In addition to the symmetrical triangle, Bitcoin has been respecting an ascending trendline over the past several months. If this trendline continues to hold, any breakout above the 90K zone would suggest a continuation of the uptrend toward higher targets. Target Levels After Breakout If Bitcoin breaks through the 90K resistance level, the next potential targets are as follows: Target 1: 100,000 USD: A psychological level, 100K has long been a target for Bitcoin bulls. If the price breaks above the 90K zone, a quick move to 100,000 USD could be a reasonable target. Many traders will be watching this level closely as it represents a major milestone in Bitcoin’s price history. Target 2: 110,000 USD: If the momentum continues after reaching 100,000 USD, the next logical target for Bitcoin is the 110K area. This level aligns with previous peaks and Fibonacci extension levels, making it a strong resistance point to consider. Target 3: 120,000 USD: In a more bullish scenario, if Bitcoin experiences a strong continuation after breaking above 90K, the 120K level could act as the next major target, driven by the broader market trend and momentum. Risk Management: Stop Loss Considerations While the technical outlook is positive for a long position after a breakout above 90,000 USD, it’s crucial to manage risk. Here are some key points for stop-loss placement: Stop Loss Below the 90K Level: The most logical place to set a stop loss would be slightly below the 90K resistance zone. A break back below 90,000 USD could indicate that the breakout has failed, and a potential pullback is in motion. A stop loss around 87,500 USD or 85,000 USD would provide a cushion in case of a false breakout. Trailing Stop: As the price moves higher, traders may consider using a trailing stop to lock in profits while allowing for further upside potential. This approach would let the trade run as long as the price continues to climb while ensuring profits are protected in case of a reversal. 7. Fundamental Considerations While the technical setup is suggesting bullish potential, it is important to consider the fundamental factors driving Bitcoin’s price. Key factors to keep an eye on include: Institutional Adoption: Increased interest from institutional investors, such as Bitcoin ETFs, corporate treasuries, and adoption by financial institutions, could drive additional demand for Bitcoin, supporting upward price movement. Regulatory Environment: While the regulatory environment for Bitcoin remains uncertain in some regions, any positive regulatory developments (such as approval of ETFs or more clarity on Bitcoin’s status) could further boost market confidence. Macroeconomic Factors: The global economic backdrop, including inflation concerns, interest rates, and currency devaluation, often impacts demand for alternative assets like Bitcoin. If the global economy continues to face uncertainty, Bitcoin could see renewed interest as a store of value. Conclusion: Long Position After 90K Breakout In conclusion, Bitcoin is showing strong potential for a bullish move after a breakout above the 90,000 USD resistance level. The combination of positive technical indicators, chart patterns, and support from key moving averages makes the case for a long position after the breakout. The first major targets would be 100,000 USD and 110,000 USD, with 120,000 USD being a more optimistic scenario. As with any trade, risk management is critical. Traders should consider placing a stop loss just below the 90K zone to protect themselves from a false breakout while remaining positioned for a strong upside move. With institutional adoption growing and the broader bullish sentiment for Bitcoin, this breakout could mark the beginning of a new leg in Bitcoin’s long-term bull market.
Long
by ElSalehTrading
WILL GOLD MARK NEW ATH OR WATERFALL ALERT!🚨 Attention Traders! 🚨 XAUUSD is absolutely 🔥 right now, blasting through new highs with razor-sharp precision! Let’s dive into the action and break it down for you: 💥 XAUUSD Insight: We’re witnessing an intense tug-of-war between the 2914 and 2927 levels, as price swings in a tight range. ⏳ Could we be on the verge of a major breakout? The charts are telling us to stay alert! This is a critical zone, and whether it breaks higher or dips lower could determine the next big move. 👇 Downside Watch: Stay cautious! If XAUUSD falls below this critical range, we might see it heading south towards targets at 2907 and 2890. 📉 Traders should be prepared for potential shorting opportunities if this happens, but watch carefully for a reversal. 🚀 Upside Opportunity: Ready for the next big surge? If XAUUSD pushes above the 2688 level, this could trigger a strong buying signal. The targets to keep an eye on are 2938 and 2945. 📈 The momentum could continue to rise as long as it maintains its bullish stance.
OANDA:XAUUSD
by XAU_LUX_USD
"Gold (XAU/USD) Forming Inverse Head & Shoulders – Bullish BreakThis chart represents the technical analysis of Gold Spot (XAU/USD) on a 1-hour timeframe. Here are the key insights: ### **1. Head and Shoulders Pattern:** - The chart suggests a possible **inverse head and shoulders** formation. - **Left Shoulder:** Marked at a recent price dip. - **Head:** A lower dip indicating a strong support level. - **Right Shoulder:** Expected to form at a slightly higher level than the left shoulder. - This pattern is **bullish**, indicating a potential price reversal to the upside if the neckline (resistance level) is broken. ### **2. Bearish Flag & Downtrend Resistance:** - A **bearish flag** is drawn on the chart, showing a downward sloping channel. - The price is currently trying to break out of this downtrend. - A successful breakout above this resistance could lead to bullish momentum. ### **3. Key Levels:** - **Major Resistance:** **$2,952.784** (Highlighted in red). - **EMA 200 Support:** **$2,899.278** (The blue moving average line). - **Current Price:** **$2,908.690** - **Main Support Area:** The green trendline supports the potential right shoulder. ### **4. Possible Market Movement:** - The red arrows suggest a **bullish breakout** scenario. - The price may test support around the green trendline before pushing higher. - If the inverse head and shoulders pattern plays out, the price could move toward the **$2,950+** resistance. ### **5. Conclusion:** - **Bullish Scenario:** If price breaks above the neckline, it could continue towards **$2,950 - $2,960**. - **Bearish Scenario:** If price fails to hold the right shoulder support, it may drop back toward **$2,880 - $2,860**. By KingProTrader
OANDA:XAUUSDLong
by KingProTrader
AUD/USD - Austrailian Dollar / US Dollar 2/27/2025Fundamental Context The Australian dollar held its recent decline to around $0.63 on Thursday, hovering at a two-week low as US President Donald Trump’s latest tariff escalation weighed on risk sentiment. On Wednesday, Trump outlined plans for 25% “reciprocal” tariffs on European autos and other goods, while confirming that tariffs on Mexico and Canada would take effect on April 2, rather than the previously set deadline of March 4. Given Australia’s heavy reliance on exports, the currency remains vulnerable to the risks of a global trade war. Domestic data also showed an unexpected decline in private capital expenditure for the fourth quarter, fueling expectations of further interest rate cuts by the Reserve Bank of Australia. However, RBA Deputy Governor Andrew Hauser said on Thursday that the central bank would need to see more positive inflation data before considering additional rate cuts. Technical Overview Support Zones First Major Support around 0.6200 – Price is currently hovering around this psychological level. A bounce here could trigger short-term recovery, but failure to hold suggests deeper downside. Secondary Support around 0.5950–0.5910 – Historical support, providing a deeper line of defense for buyers. Tertiary Support around 0.5650–0.5600 – A key zone visible from prior cycle lows. Buy Limit Orders The chart highlights staggered buy-limit levels within these support zones, suggesting a strategy to average into long positions if the Aussie continues to weaken. BLO 1 @ 0.61939 BLO 2 @ 0.59172 BLO 3 @ 0.56378 Take-Profit Targets (TP) TP1 @ 0.63741 TP2 @ 0.66979 TP3 @ 0.71315
Long
by AundrePalarche
1