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AUD/JPY Selloff Keeps RSI in Oversold TerritoryAUD/JPY marks a five-day selloff as it extends the decline from the start of the week, with the recent weakness in the exchange rate keeping the Relative Strength Index (RSI) in oversold territory. AUD/JPY Outlook Keep in mind, AUD/JPY cleared the 2024 low (90.40) following the failed attempts to close above the 50-Day SMA (94.38), and the move below 30 in the RSI is likely to be accompanied by a further decline in the exchange rate like the price action from last year. A move/close below the 0.8660 (78.6% Fibonacci retracement) to 0.8740 (78.6% Fibonacci extension) zone brings the 2023 low (86.06) back on the radar, with the next area of interest coming in around 85.20 (100% Fibonacci extension. At the same time, lack of momentum to close below the 0.8660 (78.6% Fibonacci retracement) to 0.8740 (78.6% Fibonacci extension) zone may pull the RSI back from overbought territory, with a breach/close above 89.20 (61.8% Fibonacci extension) raising the scope for a move towards 90.50 (61.8% Fibonacci extension). --- Written by David Song, Senior Strategist at FOREX.com
by FOREXcom
USOIL CATCHING THE FALLING KNIFE|LONG| ✅CRUDE OIL lost 18% of it's Value in the last 5 days on the Trade war news, which makes The market to expect a recession And a sharp drop in the oil demand However, I still think that Oil Is locally oversold, therefore A local bullish correction is To be expected from the Horizontal support below Around 57.34$ and the Target being the resistance Above around 61.81$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅ 

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TVC:USOILLong
by ProSignalsFx
1
EURUSD - Short Trade Confirmation : 1. Bearish Order-Flow 2. Market retraced to the supply zone with the help of previous demand, which is liquidity now 3. Tapped into the premium supply zone 4. M5 CHoCH to the downside 5. Previous high reacted as an Inducement 6. Entered in the supply tap The only thing that is concerning the trade is market tapped into the 15m support trend-line. Once the trend-line is taken out with the strong bearish candle closure, that can add an confluence to the trade. Thanks for the time..
Short
by Naren_2410
XAUUSD Update: Bullish or Bearish? Key Levels to Watch! 🚨 Attention Traders! 🚨 XAUUSD is making waves and breaking through key levels! 🔥 The price is currently battling between 2980 and 2989 — will we see a breakout soon? Bearish Alert: A dip below this range could lead us to targets like 2860 and 2850. ⚠️ Bullish Opportunity: A move above 2989 could trigger buying opportunities, with targets around 3004 and 3027. 🚀 💬 Let’s Talk Strategy! What’s your take on this? Share your insights as we ride this golden wave together and unlock new opportunities! 💰
TVC:GOLD
by ANNA_EXPERT
Could the price bounce from here?S&P500 is falling towards the support level which is an overlap support that lines up with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 4,963.98 Why we like it: There is an overlap support level that lines up with the 61.8% Fibonacci retracement. Stop loss: 4,800.67 Why we like it: There is a pullback support level. Take profit: 5,158.53 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:SP500Long
by VantageMarkets
1day chart fallingwedge/bullish pennant on bitcoinI just posted a weekly version of this same pennant in the previous idea which I will link below, i wanted to also post the version of it on the 1day timeframe as well because the top trendline of the wedge on the 1day time frame has a different trajectory which lengthens the wedge considerably. With this longer wedge we can see that if it is the more valid for the 2 versions, that we probably wouldn’t be expecting a breakout until June at the earliest. Not quite sure yet which version of this wedge is ore valid so I’m posting both versions for now to keep and eye on them. For the weekly charts pattern to be the more valid of the 2, we will likely need to see the weekly 50ma continue to maintain support. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
XAUUSD - Shark Harmonic Bullish (1H)During the 7 Apr 2025 Session, the Swing Highs and Lows of the day (XA,AB,BC) formed Points A,B and C which satisfy the Harmonic Ratios. Hence, consequently Point D is likely to follow after. A liquidity sweep can potentially occur at Point X, which adds extra confluence to this Trading Setup. Hence, waiting for this to occur is more ideal, and provides us with better Risk:Reward. Due to time symmetries, Point D should be printed before 5pm 5 Apr 2025 (UTC+1)
ICMARKETS:XAUUSDLong
by mcryps
EURO - Price can bounce from resistance area to $1.0850 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price moved inside a falling channel and showed weak activity with limited growth attempts. Later Euro made a breakout, exited the channel, and started to form a new bullish structure near resistance. After that, price made a sharp upward impulse, touching $1.1010 resistance and forming a pennant pattern. Recently, it broke the lower border of pennant and tested $1.0990 level from below, then bounced down. Now price trades under local resistance area and holds below broken trendline with weak upward attempts. In my opinion, Euro can continue to decline and reach $1.0850 support level in the upcoming sessions. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
14
Falling towards 61.8% Fibonacci support?DJ30 is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 37,602.11 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci retracement. Stop loss: 36,538.75 Why we like it: There is a pullback support level. Take profit: 39,559.66 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:DJ30Long
by VantageMarkets
EURCAD Buy signal on 2023 fractal.It's been too long since we last looked on the EURCAD pair (November 29 2024, see chart below) but it delivered nonetheless our 1.500 Target: Thit time the price is consolidating after a strong February rally and posts a similar pattern to October 2022 - January 2023. The 1D RSI sequences between those fractals are identical and it is not technically unreasonable to expect again the bullish trend to be resumed and target the 1.382 Fibonacci extension at 1.62500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPCHF Wave Analysis – 8 April 2025- GBPCHF broke the support zone - Likely to fall to support level 1.0785 GBPCHF currency pair recently fell sharply through the support zone between the support levels 1.1000 and 1.1100. The breakout of this support zone was preceded by the breakout of the daily up channel from September. The breakout of these support levels accelerated the active intermediate impulse wave (3) from the start of August. Given the strongly bullish Swiss franc sentiment seen recently, GBPCHF currency pair can be expected to fall to the next support level 1.0785, the target price for the completion of the active intermediate impulse wave (3).
Short
by FxProGlobal
PLATINUM Strong Triangle buy opportunityLast time we looked at Platinum (XPTUSD) was more than 2 months ago (January 30, see chart below) getting our expected rise and hitting the 999.50 Target: This time the price is at the bottom (Support Zone) of the 11-month Descending Triangle pattern, which is a technical buy opportunity. The last Bullish Leg hit the 0.618 Fibonacci retracement level, while the one before the 0.786. As a result we have a minimum 985.00 Target on this emerging Bullish Leg. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XPTUSDLong
by TradingShot