Chart Patterns
USDCAD Analysis: Buyers Defend Key Level Ahead of NFP DataUSDCAD Analysis: Buyers Defend Key Level Ahead of NFP Data
Since April 20, USDCAD has been moving sideways without a clear trend. However, in recent days, the pair has found strong support around 1.3780 for the second time, suggesting that buyers are actively defending this zone.
With the upcoming NFP data, there's potential for a bullish move. If the report fuels buying momentum, USDCAD could rise toward the resistance levels at 1.3855 and 1.3890, as seen on the chart.
You may find more details in the chart!
Thank you and Good Luck!
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Gold Price Rebound Forecast: Potential Upside to $3,260Gold (XAU/USD) is exhibiting a potential bullish reversal pattern on the 1-hour chart after a significant decline to the support zone near $3,200. A rounded bottom formation suggests a possible rebound with a short-term target of $3,260. This technical outlook aligns with upcoming macroeconomic events, which could drive volatility. Traders should watch for confirmation of upward momentum before entry.Support Level: Strong support around $3,200 zone.
Resistance Level: Key resistance near $3,360.
Pattern: Possible rounded bottom forming, indicating a bullish reversal setup.
Target: Expected short-term upside move to $3,260.
Current Price: Trading at $3,216, down 2.20%.
Notcoin Friendly Update: One More Opportunity (PP: 491%)It hasn't move since the last time I wrote about it. Notcoin (NOTUSDT).
It is still at resistance. It is a bit higher but still at resistance.
Let me tell you something; the next move will be huge and there is no downside projected here, it is going up.
The RSI is now above 70. Have you been seeing the charts that I've been publishing lately? (Visit my profile @MasterAnanda) The Altcoins I've been looking at are in similar conditions but the RSI is at 50, 60 most. None are yet at 70. Notcoin is at 71 which is super strong. This means that a major advance will happen next.
Today, NOTUSDT just pierced a little bit higher hitting the highest price since early March. The more a resistance level is challenged, the weaker it becomes.
This resistance is getting weak and we know resistance is weak because Bitcoin is growing, the Altcoins are growing everything is moving up. Some pairs are growing slowly others are breaking up strong.
Let me make a prediction, bullish momentum will only grow from now on. By the time we reach late May, wow!, everything will be awesome. Everything will be green and we are going to be celebrating with the market sentiment reading extreme greed.
Let's trade together long-term.
This is wonderful advice that can change your life for the better.
Read and follow.
Thanks a lot for your continued support.
Namaste.
EURJPY → False breakout of strong resistance at 164.FX:EURJPY rallies on news and reaches an important milestone. The liquidity pool formed above 164.00 may prevent the price from rising. There is a high chance of a false breakout.
Against the backdrop of the dollar's growth caused by PMI news, the currency pair is forming a retest of the key resistance level of 164.188 as part of a consolidation distribution and, with no possibility of continuing its growth, is making a false breakout.
Consolidation in the sell zone (below 164.188) will trigger a reversal and a fall.
Overall, the situation is neutral, with the market in a sideways range, and a false breakout could lead to a correction or reversal of the local trend.
Resistance levels: 164.188
Support levels: 163.17, 162.57
The formation of a reversal pattern relative to resistance and price consolidation below the level could give a good signal for a reversal.
Best regards, R. Linda!
Wootrade Network: Your Altcoin Choice (S5)The downtrend has been broken. When the downtrend is broken the bearish action ends. When the bearish action is over it is the start of the bullish cycle. Cycle implies long-term not only a bullish jump like we saw before. In late 2024, in late 2023 and so on, no! This time it will be different of course because the market takes time to grow big, to accumulate to prepare for the bull run phase in late 2025. We will have a mini bull run within 1-2 months.
So the downtrend is represented by the upper magic red line on the descending channel. Notice the end of the channel produces a rounded bottom (the cup pattern) and then the action moves above the red line. So here the downtrend is broken based on TA.
The force that was pushing prices lower is no more. The market is no longer under this bearish influence. This is what it means when we say the downtrend is broken. No more bearish momentum and hopefully no more lower lows. There can be shakeouts, swings and retraces but these would end in a higher low compared to the channel bottom.
In some instances, the market can test support on wick and close above it. This wouldn't invalidate the bullish bias and potential and we can interpret it and understand it for what it is, a shakeout.
The time for shakeouts is gone and now we are set to experience long-term growth.
Thanks a lot for your continued support.
Wootrade Network hits bottom. From the bottom we grow.
Namaste.
Gold Trade Plan 5/5/2025Dear Traders,
If we take a look at the gold chart, it is currently in a descending channel, and the price is trying to reach the top of that channel. Given these conditions, I believe the price will reach the target zone around 3285–3290 by midweek. If we observe a rejection at that level, we can enter a sell position, with the first target being the midline of the channel and the final target being the bottom of the channel. If the descending channel is strongly broken and the price stabilizes above it, a new update will be necessary.
Trend-base Fibo Extension AB=CD 3290
Fibo Retracement(1.618)= 3298
Top Of Descending Channel : 3290-3300
So we Are looking for Reversal 3290-3300 Area !
If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza
Shiba Inu Eyes 20% Surge, Targeting 0.000016 Breakout SoonHello and greetings to all the crypto enthusiasts, ✌
All previous targets were nailed ✅! Now, let’s dive into a full analysis of the upcoming price potential for Shiba Inu 🔍📈.
Shiba Inu has recently seen an extraordinary surge in trading volume, suggesting imminent large-scale activity likely driven by whales. The asset is currently trading within a parallel channel, indicating a period of consolidation. In the short term, I anticipate a potential price increase of at least 20%, targeting the key level of 0.000016.📚🙌
🧨 Our team's main opinion is: 🧨
Shiba Inu's massive recent volume hints at big whale moves ahead, and with price in a parallel channel, I’m eyeing a 20% jump toward 0.000016 soon.📚🎇
Give me some energy !!
✨We invest hours crafting valuable ideas, and your support means everything—feel free to ask questions in the comments! 😊💬
Cheers, Mad Whale. 🐋
BTC HAVE A HIGH PROBABILITY TO FALL DOWN!!!The BTC starts looking weak and it's perfect time to long for a short. We are almost at the top of this run from last weeks and we can see that BTC made a perfect divergence pattern. My indicator shows me also that we are entering a mid-term bearish trend and there is a high chance that we are gonna fall much deeper than in last weeks. My target is clear and I'm holding my strategy so I wait for the price to hit my SMA line like it was in the last days but now I wait for the price to hit the SMA line at 4H chart because we didn't hit it since 2 weeks so in this moment we can see even in a few candles that the price is gonna touch it. I am actually in the short and waiting for the price to go for my target, we also have a weekend so the price will be probably slow but everything can happen. In my opinion next week are gonna be red and the price should touch my target. I recommend to watch a 1H and 2H chart and looking when price will hit the SMA line on these timeframes because my target is set in a 4H chart but we can book profits even when the price will hit the SMA at 1H and at 2H chart. Be careful and stay focused.
I'M SHORTING $ADA / $USDTI'M SHORTING CRYPTOCAP:ADA / CRYPTOCAP:USDT
1. Supply Zone Rejection:
Price re-entered a previously tested supply zone (marked in red) and showed strong rejection, indicating potential for a reversal.
2. Lower High Formation:
A clear lower high formed just before the drop, confirming bearish market structure and giving confidence for a short entry.
3. Bearish Order Block/Break of Structure:
The rally into supply failed to break previous highs, then dumped hard — confirming a market structure shift (BOS) with bearish momentum.
$BTC - Weekend OutlookCRYPTOCAP:BTC | 1d
We'll see how the 92–90k zone reacts this weekend, but I think the deepest this pullback might go is around 89–87k. We don't really wanna see price breaking the 86k level for a potential higher low
I’m not really expecting a push to 200k–300k in the coming weeks. We already frontran the 70k-68k area (htf demand), and I think we’re just forming a broader distribution range here. It’s possible we take out the highs and deviate up to 114–118k
Let’s see. Enjoy your weekend everyone!
Tesla - The Next 7 Days Decide Everything!Tesla ( NASDAQ:TSLA ) is sitting at a crucial structure:
Click chart above to see the detailed analysis👆🏻
Despite the -60% correction which we have been seeing over the past couple of months, Tesla still continuously validates its overall uptrend. That's exactly the reason for my strong bullish thesis and the assumption, that after we see bullish confirmation, Tesla will reject the current support area.
Levels to watch: $250, $400
Keep your long term vision,
Philip (BasicTrading)
US10YA bond is essentially a loan made by an investor to a borrower, which can be a government or a corporation. It is a fixed-income financial instrument where the borrower agrees to pay back the principal amount (face value) on a specified maturity date and usually makes periodic interest payments called coupons to the bondholder.
What Is a Government Bond?
A government bond is a type of bond issued by a national government to raise funds. When you buy a government bond, you are lending money to the government in exchange for regular interest payments and the return of the bond’s face value at maturity. These bonds are often considered low-risk because they are backed by the government’s credit and taxing power.
Why Do Governments Offer Bonds?
Governments issue bonds primarily to:
Finance Fiscal Deficits: Bonds help cover budget shortfalls without immediately raising taxes or cutting spending.
Fund Public Projects: Money raised can be used for infrastructure, schools, hospitals, and other public services.
Manage Debt: Governments use bonds to refinance maturing debt or restructure their debt profile.
Control Monetary Policy: Central banks may buy or sell government bonds to influence money supply and interest rates.
Develop Financial Markets: Issuing bonds establishes benchmark yields that help price other financial instruments and deepen capital markets
Provide Investment Opportunities: Bonds offer a relatively safe investment option, encouraging savings and investment within the economy.
Summary
Aspect Explanation
Bond A loan from an investor to a borrower with interest payments
Government Bond Debt security issued by a government to fund spending
Why Issued To finance deficits, fund projects, manage debt, and control monetary policy
Risk Level Generally low risk due to government backing
Investor Benefit Periodic interest (coupon) and principal repayment at maturity
In short, government bonds are a crucial tool for governments to raise capital sustainably while providing investors with a relatively safe income stream.
Difference Between Bond Yield and Bond Price and Their Effect on the US Dollar
Bond Price vs. Bond Yield: The Inverse Relationship
Bond Price is the current market value or price investors pay to buy a bond. It can be above (premium), below (discount), or equal to the bond’s face (par) value.
Bond Yield is the return an investor earns on a bond, expressed as a percentage. It reflects the income from coupon payments relative to the bond’s current price, and can be calculated as the current yield or yield to maturity.
Key point: Bond price and bond yield move in opposite directions.
When bond prices rise, yields fall because the fixed coupon payments represent a smaller return relative to the higher price paid.
When bond prices fall, yields rise to compensate investors for the lower price paid for the same fixed coupon payments.
Why This Happens
If interest rates in the market increase, new bonds offer higher coupon rates. Existing bonds with lower coupons become less attractive, so their prices drop to increase their effective yield to match market rates. Conversely, if interest rates fall, existing bonds with higher coupons become more valuable, pushing their prices up and yields down.
How Bond Yields and Prices Affect the US Dollar
Higher US Treasury Yields (rising yields due to falling bond prices) tend to strengthen the US dollar. This is because higher yields attract foreign investors seeking better returns on US debt, increasing demand for USD to buy Treasuries.
Conversely, falling yields (rising bond prices) make US assets less attractive, potentially weakening the USD as capital flows out or seek higher returns elsewhere.
The US Dollar Index (DXY) often moves in tandem with US Treasury yields because both reflect investor sentiment about US economic strength, inflation expectations, and Federal Reserve policy.
When the Fed raises interest rates, bond yields typically rise, boosting the USD. When the Fed cuts rates, yields fall, putting downward pressure on the USD.
In essence: When bond prices fall and yields rise, the US dollar tends to strengthen due to increased demand for higher-yielding US assets. Conversely, rising bond prices and falling yields usually weaken the dollar.
EURUSDThis is a 4-hour chart of EUR/USD displaying a clear bearish setup with well-defined technical elements:
Chart Analysis Summary:
🔻 Trend Direction: Bearish
Price is forming lower highs and lower lows, confirmed by the descending trendline (with red arrows marking rejections).
The moving averages (EMA 9 and 21) are sloping downward, indicating sustained bearish momentum.
Key Technical Components:
🔹 Trendline Resistance:
Price has rejected the descending trendline multiple times, suggesting strong bearish control.
🔹 Fibonacci Retracement Levels (Swing High to Low):
0.382 level ≈ 1.13485
0.5 level ≈ 1.13131
0.618 level ≈ 1.12707
Price recently tested and rejected around the 0.5–0.618 retracement zone.
🔹 Support Levels & Projections:
Immediate support at ~1.12659 (minor zone).
Fibonacci Extensions target deeper drops:
1.618 = 1.11833
2.618 = 1.10496
3.618 = 1.09134 — aligns with the Daily Demand Zone.
Bearish Bias:
The recent lower high and strong rejection near the fib retracement and trendline suggest a move lower is likely.
A break below 1.12659 would strengthen the case for a continuation toward the 1.11833 and potentially deeper fib targets.
Potential Trade Setup (Short Idea):
Entry: Near 1.1313–1.1348 (if price retests and rejects again)
Stop-Loss: Above 1.1381 (daily resistance)
Take-Profits:
TP1: 1.1183 (1.618 extension)
TP2: 1.1049 (2.618 extension)
TP3: 1.0913 (3.618 extension / Daily Demand Zone)
NVIDIA 1D — When “Head & Shoulders” Aren’t Just for the GymOn the daily chart, NVDA has broken out of the descending channel and reclaimed the 50-day moving average (MA50), triggering a classic inverted head and shoulders formation. Price is now holding above the key $113–$114.50 zone, confirming a structural shift. As volume picks up, buyers are eyeing the next levels of resistance.
Near-term upside targets: – $119.80 (0.5 Fibonacci) – $127.62 (0.382) – $137.28 (0.236) — primary resistance zone – Extended target — $152.91 (1.0 Fibonacci projection)
Technical setup: — Breakout from channel + above MA50
— Inverted head and shoulders pattern completed
— $114.50–$118.00 now acts as buyer support
— EMA and MA convergence supports trend reversal
— Increasing volume on rallies supports bullish momentum
Fundamentals: NVIDIA remains the AI and semiconductor sector leader. Growing demand for high-performance GPUs in AI and data centers positions NVDA as a core tech play. Expectations of strong earnings and continued institutional accumulation support the bullish narrative.
The confirmed breakout and inverted H&S setup mark a clear structural reversal. As long as price stays above $114.50, the path toward $127–$137 remains the primary target zone, with $152.91 in sight if momentum continues.
EURUSD Massive Long! BUY!
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.1317 pivot level.
Bias - Bullish
My Stop Loss - 1.1282
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1379
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
Equity Research Report – TIMKEN India Ltd 📌 CMP (May 2, 2025): ₹2,728
🧭 Sector: Industrial Bearings & Motion Solutions
📈 Signal: Breakout from falling channel with strong volume confirmation
🔹 Technical Summary
Breakout Pattern: Price has decisively broken out of a long-term falling channel after a 10-month downtrend.
Volume Spike: Breakout accompanied by significant volume spike (highest in over a year) – strong institutional interest.
Momentum: RSI has broken above resistance line (~55), confirming bullish momentum.
🧭 Trade Setup
✅ Buy Zone (Swing Trade/Positional)
Buy Above: ₹2,750
Target 1: ₹2,900
Target 2: ₹3,050
Target 3: ₹3,280
Stop-Loss: ₹2,490 (just below recent breakout candle)
Timeframe: 2–6 weeks
Risk-Reward Ratio: ~1:2.5 (good for swing setups)
🚫 Invalidation Level:
Breakdown and close below ₹2,490 on weekly timeframe.
For Education purposes only
Can ETH Really Hit $80K? Adoption Trends and Technicals Say, YESEthereum’s adoption is booming in 2025, with over 50 major enterprises building on its network, a 21.7% global crypto ownership share, and $102 billion in stablecoin volume. Daily transactions hit $13.74 billion, and new addresses doubled to 200,000 in January 2025. The 3W chart shows ETH at $1,859.1, oversold (Stochastic RSI -101.5), hinting at a potential bounce. A 43x increase to $80K would need a $40 trillion market cap—steep but not impossible given historical 400x growth (2016–2021). Layer 2 scaling and ETF inflows support the bull case, but competition from Solana and privacy concerns could hinder the journey. What do you think? Or am I just insane?
BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 96,851.50
Target Level: 85,148.99
Stop Loss: 104,653.17
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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✅
US500 at Critical Resistance - Weekly Chart Breakdown📊 US500 Weekly Chart Analysis
Taking a close look at the US500 on the weekly timeframe, we can see price has now traded directly into a bearish weekly order block 🧱 — a key distribution zone where smart money activity often emerges. At this level, the market is trading at a premium 💰 and appears to be overextended 📈.
⚠️ From a risk management standpoint, I’d advise extreme caution — the current conditions could set the stage for a sharp retracement, especially as we approach week’s end. This level aligns with areas where institutional players may look to offload risk or reverse exposure.
🔁 A potential pullback from here would not be surprising, given the elevated context and technical structure.
📚 This breakdown is for educational purposes only and should not be considered financial advice.