EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
EURUSD is still trading below a key resistance zone, showing signs of weakness and lack of strong bullish momentum. At this stage, it seems unlikely that the pair will break above the resistance in the short term.
We expect a downward correction toward the specified support levels, before any potential resumption of the uptrend.
Despite short-term weakness, our long-term outlook remains bullish, and this pullback could offer a better entry opportunity in line with the broader trend.
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DXY
1. "What do you think — is DXY ready to fly or fall?"DXY 4H Analysis – Decision Time for the Dollar?
After completing a falling wedge with a clean 5-wave Elliott structure, the U.S. Dollar Index is approaching a key demand zone.
Will buyers step in to push price toward the bullish target near 106 📈?
Or will we see another rejection from the supply zone and a deeper drop to 94? 📉
Wave A or Wave B?
Market structure shows signs of reversal, but confirmation is still pending a break of resistance or further rejection.
👉 What do you think — bounce or breakdown?
Comment your view below ⬇️
Let’s see who’s riding the next big wave 🌊
#DXY #USD #ElliottWave #SupplyAndDemand #GreenFireForex #ForexAnalysis #WaveTheory
DXY 4H Breakout? Bulls Eye Momentum Shift!Hey There;
The U.S. Dollar Index (DXY) appears to have reached a critical turning point from a technical analysis perspective. According to Elliott Wave Theory, following a five-wave downtrend, the AB corrective wave has been completed, and a bullish movement towards the C wave is emerging. This scenario could signal a transition from a bearish market to a bullish one.
Technical Outlook:
- A move towards 104.460 on the DXY may indicate that the market is entering a strong recovery phase.
- The completion of the AB corrective wave suggests that buyers are stepping in, driving upward momentum in price action.
- The C wave typically retraces a portion of the prior decline, creating potential for a higher price level.
Macroeconomic Factors:
- U.S. monetary policy and inflation data remain key determinants of the dollar index’s trajectory.
- Increased global risk appetite may bolster the dollar’s appeal as a safe-haven asset.
- U.S. Treasury yields could provide additional support for DXY’s upward movement.
If DXY successfully reaches 104.460, this could confirm a shift into a bullish trend. However, the strength and sustainability of the C wave will depend on supportive volume and momentum indicators. The interplay between technical and fundamental factors could drive a solid recovery in the dollar index.
Should this scenario unfold, it may mark the beginning of a renewed period of dollar strength against global currencies. However, market dynamics and macroeconomic developments must be monitored closely to validate this outlook.
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A huge thank you to everyone who supports me with their likes!
Gold XAUUSD Weekly forecast 2-6 June 2025Observations:
Price has been respecting a clear descending trendline since late April, with multiple touches and rejections.
A significant supply zone around the 3,330 level aligns with the trendline resistance, increasing confluence for a potential reversal.
The market has formed lower highs consistently, suggesting bearish pressure is building up.
A horizontal demand/support level around 3,125 (previous swing low) is the primary target in case of a bearish breakout.
Volume and structure suggest distribution, further supporting bearish continuation.
Bearish Scenario:
If the price retests and rejects the 3,330 resistance level again next week, especially with a wick rejection or bearish engulfing candle:
Expect downside continuation toward 3,125, aligning with a ~1500 pip target.
This move would represent a ~5% drop from current levels.
Trading Plan / Signal:
Sell Setup:
Entry Zone: Between 3,320 – 3,330 (upon bearish confirmation e.g., bearish engulfing or shooting star)
Stop Loss: Above 3,350 (just above trendline and invalidation zone)
Take Profit 1 (TP1): 3,250
Take Profit 2 (TP2): 3,200
Take Profit 3 (TP3): 3,150/25
Risk–Reward Ratio: Approximately 1:3+
Invalidation:
Clean breakout and retest above 3,350 would invalidate the setup and may suggest a reversal toward 3,500.
Fundamental Consideration:
No major geopolitical or macroeconomic shocks should occur to maintain this bearish bias. Any high-impact news could cause volatility, so monitor the economic calendar closely.
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USDJPY 4H Analysis – Market Dynamics ChangingDear Traders,
Guys, the bearish trend in USDJPY has now shifted into a bullish uptrend. My target level for USDJPY is 146.330. Once it reaches my target, I will share updates under this post.
Friends, every single like from you is my biggest source of motivation when it comes to sharing my analysis.
A huge thank you to everyone who supports me with their likes!
Final BTCUSD update..Good day traders, here is my final update on BTCUSD and I like how price has been respecting our PD arrays. Keep in mind traders price moving in waves and what again😂😂🏃🏾♂️, point is today is the last trading day for the week and my thoughts is that we can expect BTCUSD to start going higher today and tomorrow maybe till Tuesday …sorry I’m being too sure but if you focus on time and price you start to KNOW(ledge) things or maybe I should say secrets?!🤨🤔
I always expect price to manipulate higher if my bias is shorts, ICT’s power of 3 works wonders when it come to this thought process.
Watch how price reacts to the FVG where price is trading now, it’s not a signal just watch out price moves always from it for the rest of today.
We only going high to shoot lower…keep that in mind!!🤯
ETH on high time frame
"Hello traders, focusing on ETH, the price is currently at a critical level around $2,800, where it has made multiple unsuccessful attempts to break through. On the high time frames, the price has swept liquidity without showing any signs of reversal. This leads me to anticipate a higher price movement, with the next potential level being around $3,400."
If you need further assistance or have any specific questions, feel free to let me know!
$USPCEPIMC -U.S Core PCE (April/2025)ECONOMICS:USPCEPIMC
April/2025
source: U.S. Bureau of Economic Analysis
-The core PCE price index in the US, which excludes volatile and energy prices and is Federal Reserve's chosen gauge of underlying inflation in the US economy,
went up 0.1% from the previous month in April of 2025.
The result was in line with market expectations.
From the previous year, the index rose by 2.5% to slow from the 2.7% jump from March, the softest increase since March of 2021.
GBPJPY update!!Good day traders, I’m back with yet another beautiful setup on GJ and I really wish we can all monitor how price plays out and learn more about price signature.
For this setup I’ll explain more about it after the fact because it’ll help me make my point clearer and easily understandable.
Yet another gift..🎁🧧
BTC on high time frame
"Hello traders, focusing on BTC on high time frames, the $102,000 level (referred to as the vector level) is crucial for price action. If the price convincingly breaches and closes below this level on the 4-hour or higher time frames, it suggests a potential move to the downside.
However, if the price merely sweeps liquidity and forms shadows on the high time frames without closing below the critical level, it indicates the potential for further upward momentum towards new higher highs."
If you have any more details to add or need further assistance, feel free to let me know!
GOLD - WAVE 4 CORRECTION TO $2,800 (UPDATE)Gold has once again rejected the 0.618 Fib level & dropped back into the lower bound of the range zone overnight, which is what we like to see.
But overall, we remain within the range so we exercise patience & keep an eye out for any possible alternatives which might happen for Gold. Nice profits for us either way.
EURUSD | Bearish Divergence | Bearish MomentumCurrently, EURUSD is clearly in a downtrend, consistently forming lower lows and lower highs, confirming a bearish market structure. According to Dow Theory, the recent bullish momentum has now shifted into a confirmed downtrend. Additionally, the 1-hour trendline support has been broken, signaling weakness in the previous bullish leg. We now anticipate a pullback toward the recently broken structure or resistance zone, where further bearish continuation is likely.
On the 1-hour timeframe, a well-formed bearish divergence on the RSI adds confluence to our bias, indicating weakening bullish momentum and a potential trend continuation to the downside. Since our initial entry was slightly late, we’ve strategically placed a limit order near the retest zone and executed a partial position at the current market price to secure early exposure. Overall, structure and momentum both align with short-term bearish sentiment.
The tariff legal zig-zagWith different US courts firing "shots" at each other over the legality of tariffs, the market is taking a bit of a pause from accelerating further. Let's dig in!
DJ:DJI
TVC:SPX
TVC:NDQ
TVC:DXY
Let us know what you think in the comments below.
Thank you.
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Gold XAUUSD Move 29 May 2025Price Action: The price recently approached the 3,320-3,325 resistance zone (highlighted by horizontal lines) and rejected it, forming a bearish candlestick pattern (e.g., shooting star / doji). This suggests strong selling pressure at this level.
Trendline: The trendline from the recent high shows a potential double top or head-and-shoulders pattern, reinforcing the likelihood of a reversal.
Support Levels: Immediate support lies around 3290/80 (previous consolidation zone).
Volume (implied): A spike in selling volume at 3,320-3,325 could confirm the rejection.
Analysis: The rejection at 3,320-3,325, combined with the trendline break, indicates a potential sell-off. The market may be shifting from bullish to bearish momentum, especially if the price closes below the recent low.
Signal: Sell at 3,320-3,325 if the price rejects again with a bearish candle confirmation. Target 3,200-3,250, stop loss above 3,335.
Falling towards pullback support?US Dollar index (DXY) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 98.89
1st Support: 97.98
1st Resistance: 100.09
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DXY: Bulls Are Winning! Long!
My dear friends,
Today we will analyse DXY together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 99.377 will confirm the new direction upwards with the target being the next key level of 99.823 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
XAUUSD - Will Gold Continue to Fall?!Gold is trading in its ascending channel on the 1-hour timeframe, between the EMA200 and EMA50. I expect the direction ahead for gold to be bullish and if it breaks the downtrend line, we can look for buying opportunities.
The U.S. dollar rose following a decision by the United States Court of International Trade to revoke tariffs imposed by Donald Trump. Since the Trump administration, there have been continual developments regarding tariffs, and this latest ruling, which blocks Trump’s retaliatory tariffs, has stirred uncertainty and confusion over its legal validity. The ruling also triggered a correction in gold’s upward trend.
According to the U.S. Constitution, the power to impose tariffs officially resides with Congress. However, since 1962, much of this authority has been delegated to the executive branch. Courts have historically upheld this delegation to the president, but this recent judgment casts doubt on the legitimacy of such executive powers.
The pressing question now is whether Trump can circumvent the ruling. Could he potentially ignore it or take counteraction? Any move by Trump in response would undoubtedly ripple through the financial markets.
Goldman Sachs has characterized the court’s decision as a new obstacle for Trump’s trade strategy, though it notes the ruling only applies to part of the tariffs.Analysts at the firm believe Trump may find legal or procedural means to work around the court’s decision, possibly introducing new strategies to maintain his tariff agenda.
Citing customs data, ING commodity analysts Warren Patterson and Ewa Manthey reported that despite record-high prices, China’s gold imports reached their highest level in eleven months last month. Since the beginning of the year, gold prices have surged by more than 20%.
Total gold imports climbed to 127.5 metric tons, marking a 73% increase from the previous month. This sharp rise followed the People’s Bank of China’s issuance of new import quotas to select commercial banks in April. With a year-to-date gain exceeding 20%, gold hit an all-time high of $3,500 per ounce in April. Key drivers of this rally include geopolitical risk and sustained purchases by central banks.
In the broader metals sector, China’s refined copper production in April reached a new monthly record, rising 9% year-on-year to 1.25 million metric tons, even as processing fees remained low. Meanwhile, lead production declined by 1% from the previous year to 664,000 tons, while zinc output edged up by 0.3% to 576,000 tons.
According to the International Aluminium Institute, global aluminum production in April remained flat compared to the prior month, averaging 201,100 metric tons per day. However, on a year-over-year basis, output increased by 2.24%.
USDJPY - Will the dollar weakness stop?!The USDJPY currency pair is above the EMA200 and EMA50 on the 4-hour timeframe and is moving in its ascending channel. In case of correction due to the release of today's economic data, we can see a downward trend and then see the demand zone and buy in that range with an appropriate risk-reward ratio. A credible break of the indicated resistance range will pave the way for the currency pair to rise.
Japanese Prime Minister Shigeru Ishiba emphasized that investment is more crucial to economic growth than tariffs, reaffirming Japan’s continued commitment to negotiating the removal of U.S. trade tariffs. He also pointed to encouraging signs in the Japanese economy following wage increases and offered an optimistic outlook on the country’s recovery.
Meanwhile, Bank of Japan Governor Kazuo Ueda, speaking on Wednesday, warned that significant volatility in ultra-long-term bond yields could affect short-term borrowing costs, which in turn might exert a stronger impact on the broader economy. His remarks highlight the BOJ’s growing focus on recent fluctuations in long-dated bond yields, which could influence the board’s decision next month regarding the pace of its bond purchase reduction.
Ueda explained that in Japan, short- and medium-term interest rates tend to have more direct influence on the economy than ultra-long yields, due to the maturity structure of household and corporate debt. However, he acknowledged in a parliamentary session that sharp moves in ultra-long yields can also affect long- and even short-term bond yields indirectly.
Turning to Friday’s inflation report, expectations suggest that overall inflation remained subdued in April, as falling gasoline prices provided some relief to household budgets. However, core inflation—excluding food and energy—remains stubbornly high.
The PCE inflation index is anticipated to have risen 2.2% in April from a year earlier, slightly down from 2.3% in March, marking the lowest level since last September. Federal Reserve officials are still awaiting more data on how newly imposed tariffs are feeding into the broader economy, making it unlikely that the recent moderation in inflation will prompt a rate cut in the near term.
Although the Fed’s preferred inflation measure may have reached its lowest point since September, a second consecutive month of encouraging price data is unlikely to be sufficient to justify easing interest rates.
According to a survey conducted by Dow Jones Newswires and The Wall Street Journal, economists expect Friday’s report—covering inflation, income, and spending—from the Bureau of Economic Analysis to show that consumer prices rose 2.2% year-over-year through April. This would mark the lowest reading since September and a potential turning point in the Fed’s battle against post-pandemic inflation.
Goldman Sachs economists noted that falling gasoline prices have more than offset the inflationary impact of new tariffs introduced by the Trump administration. However, they cautioned that this dynamic may not last, as retailers are likely to start passing along the added import tax costs to consumers in the coming months.
Several Federal Reserve officials, concerned that tariffs could reignite inflation, have stated that they will wait to assess the full impact of these trade policies on the economy before making changes to the federal funds rate—which directly affects borrowing costs on everything from mortgages and auto loans to credit cards.