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Elliott Wave

EURCAD Wave Analysis – 6 March 2025 - EURCAD broke multi-year resistance 1.5100 - Likely to rise to resistance level 1.5770 EURCAD currency pair is rising sharply after the earlier breakout of the powerful multi-year resistance 1.5100, which has stopped all upward impulses from the start of 2021. The breakout of the resistance 1.5100 accelerated the short-term impulse wave 3 of the longer-term upward impulse sequence (3) from the end of 2024. Given the clear multiyear uptrend, EURCAD currency pair can be expected to rise to the next resistance level 1.5770, the former major price barrier from 2020 and the target for the completion of the active weekly impulse wave 3.
Long
by FxProGlobal
$SPY March 6, 2025AMEX:SPY March 6, 2025 15 Minutes. As expected, we had SPY around 575. Taking support and trying to form a base. Important because 570 is 200 averages in daily. Once 570 is broken we are in trouble. Now for the rise 572.74 to 586.58 to 573.08 we can expect 588- 594 as target provided 573 is held. We rea having oscillator divergence in 15 and 30 minutes but not in 60 minutes. So, i expect some volatility today/tomorrow for these 575 levels. Not the time to longs. At the moment.
AMEX:SPYShort
by RiderTrader
71
AMD - Interesting chart! Advanced Micro Devices (AMD) is an American multinational company specializing in semiconductors, microprocessors, and graphics cards. Headquartered in Santa Clara, California, AMD was founded in 1969 and has become a key player in high-performance computing, competing with companies like Intel and Nvidia. Financial Results 2024: In 2024, AMD achieved record financial results. The company reported an annual revenue of $25.8 billion, with a gross margin of 49%. Operating income was $1.9 billion, while net income stood at $1.6 billion. On a non-GAAP basis, the gross margin was 53%, operating income reached $6.1 billion, and net income was $5.4 billion, with diluted earnings per share of $3.31. (amd.com) Outlook for 2025: For the first quarter of 2025, AMD forecasts revenue of approximately $7.1 billion, representing a 30% year-over-year increase. However, a sequential decline of 7% is expected due to seasonal factors. (digitimes.com) Future Projects: AMD is focusing on several key innovations: Zen 6 Architecture: Expected in 2026, the Zen 6 ("Morpheus") architecture will be built using TSMC’s 3nm and 2nm processes. The desktop processors, codenamed "Medusa," and server chips, named "Venice," will represent the next generation of high-performance CPUs. (en.wikipedia.org) RDNA 4 Graphics Cards: AMD has confirmed the launch of its next-generation RDNA 4-based GPUs in early 2025. These cards will bring significant improvements in gaming performance, ray tracing, and AI capabilities. (theverge.com) Artificial Intelligence: AMD is heavily investing in AI, recently launching the MI300 chip, which is rapidly becoming one of its fastest-growing products. AMD’s AI strategy spans from personal computing to large-scale cloud data centers, with collaborations involving Microsoft, Meta, and Oracle. (time.com) With a strong financial foundation and a clear vision for the future, AMD continues to drive innovation in the semiconductor industry, strengthening its position in the global market.
NASDAQ:AMDLong
by Tesi_Daniela_Radice
Bullish for Amazon. AMZNSupposing end off Wave A of correction, quite a deep one retracing half the previous bullish impulse. RSX momentum is divergent, heading toward OBOS line, divergent Bollinger Band derivative indicator. A strong change in texture of candlesticks is noted. Signals on both VZO with offset and Ehlers Stochastic RSI have already thrown off signals a few candles ago. Fibonacci points picked to coalesce with data already available for possible constellations/clusters, i.e. 0.5 Fibonacci coincides with MIDAS curve.
NASDAQ:AMZNLong
by Rykin_Capital
Back to 0.50?The next important NZD/USD data to watch will be published tomorrow when the US publishes its initial jobless claims. Is expected to show that a forecast from 242 k to 222k, which can be positive for the dollar index. The Fed will, therefore, maintain its hawkish view if these numbers are correct since they will signal that prices remain significantly high. There are other inflationary risks ahead. Donald Trump has pledged to impose new and bigger tariffs from top countries. On top of this, he is deporting millions of undocumented migrants, many who work in industries like construction and agriculture. All these factors explain why US bond yields have rocketed to the highest level in two years, with the 30-year moving to 5%. On the other hand, the RBNZ has continued to cut interest rates, and analysts expect the trend to continue in the coming months. It slashed them from last year’s high of 5.50% to the current 4.25%. As such, the local currency has fallen as the divergence between the Fed and the RBNZ continues. Technically, we broke a converging triangle last December, with can lead us to further decline, possibly to the monthly bullish order block at 0.49690. This will complete wave y of superior Y.
Short
by TRADINGACPVIP
EURUSD Wave Analysis – 5 March 2025 - EURUSD broke the resistance zone - Likely to rise to resistance level 1.0900 EURUSD currency pair recently broke the resistance zone between the resistance level 1.0625 (former monthly high from December), 61.8% Fibonacci correction of the downward impulse from November and the resistance trendline of the daily up channel from January. The breakup of this resistance zone accelerated the active impulse wave C of the medium-term ABC correction B from January. Given the strongly bearish US dollar sentiment, EURUSD can be expected to rise toward the next resistance level 1.0900, the target price for the completion of the active impulse wave C.
Long
by FxProGlobal
Reasons for dollar to stabilizeDollar strength is expected to stabilize or persist into 2025 for several reasons: Economic growth differentials: The U.S. economy is projected to grow by 2.7% in 2024, outpacing the 1.7% growth forecast for all developed markets. This is driven by superior productivity growth, higher business investment and fewer labor supply issues compared to other developed markets. Such robust growth, which has contributed to inflation remaining above 2%, may lead the Fed to halt rate cuts sooner than expected. This makes a dollar weakening unlikely in the short term. Monetary policy differentials: The increasing divergence in global growth has led to a greater disparity in central bank policies worldwide. As a result, the gap between U.S. 10-year bond yields and those of its key trading partners has widened to its highest level since 1994. These differentials may remain elevated, as markets are currently pricing in only a limited number of Fed cuts next year (44bps), compared to 110bps for the ECB and rate hikes of 47bps in Japan. Policy changes: The upcoming administration's focus on boosting domestic manufacturing, increasing tariffs and deregulating industries could spur business growth and sustain higher interest rates, supporting the dollar. President-elect Trump has also discussed imposing tariffs or other measures on countries that challenge the dollar's trade dominance or reserve currency status. Even with the factors supporting the dollar, its ascent is unlikely to continue indefinitely. Currently, the dollar is two standard deviations above its 50-year average, suggesting limited room for further appreciation. Historically, the dollar has alternated between periods of strength and weakness, making a downturn likely at some point, though the timing is uncertain. Additionally, the U.S.'s persistent trade balance deficit, at 4.2% of GDP as of September 2024, poses a long-term constraint, highlighting a structural challenge that could eventually pressure the currency. A strong dollar can hurt international company performance for U.S.-based investors. It can also negatively impact U.S. companies with significant international exposure and U.S. exports by making goods more expensive abroad. While a stronger dollar could bolster the 'U.S. exceptionalism' narrative in 2025, investors should carefully assess its potential impact on their portfolios. Technically, we had a cup and handle formation, which we previously broke. Now, we are in the pullback of the break, and it make a triangle for wave 4. Remember wave dos was a flat. For that matter, this strong down momemtun, could be a retracement or wave 2 of 5.
TVC:DXY
by TRADINGACPVIP
Channel Top?The Fed’s approach to interest rate cuts will be pivotal for gold prices. BMI forecasts acumulative reduction of 125 basis points (bps), bringing rates to 3.50% by the end of 2025. However, the Fed's decisions will hinge on inflation, labor market, and economic data, introducing uncertainty. If rate cuts are slower or smaller than expected, gold could face downward pressure due to its lack of yield. Conversely, aggressive cuts could drive investors toward gold as a safe-haven asset. Strength of the U.S. Dollar A robust U.S. dollar could spell trouble for gold prices. The dollar’s recent rally, fueled by higher growth expectations, fiscal deficits, and inflationary pressures from trade policies, has reduced gold’s appeal. While BMI expects the dollar to remain strong initially, it could soften as global risk assets perform well. Geopolitical and Economic Risks Geopolitical tensions, including the Russia-Ukraine war, Middle Eastern conflicts, and rising trade disputes under Trump’s presidency, will provide some support for gold as a safe haven. However, these risks may not be sufficient to counteract other bearish factors. On the economic front, BMI forecasts global growth to remain stable at 2.6% in 2024 and 2025, with risks on both sides. Upside factors include potential tax cuts and increased oil production in the U.S., while downside risks stem from escalating tariffs, supply-side inflation, and regional conflicts. Inflation Dynamics Inflation, a traditional driver of gold demand, is expected to ease in 2025. While trade-related risks could spur localized inflationary pressures, the overall outlook suggests a slowdown in gold’s appeal as an inflation hedge. Technically, we might me at the top of the channel, were 3 wave ended at 261.8% extension. For that matter, we might see a 38.2 or 50% correction before the beginning of wave 5.
OANDA:XAUUSD
by TRADINGACPVIP
Gold’s Three Soldiers Pattern Signal: A Strong Rally Ahead?Gold ( OANDA:XAUUSD ) is breaking the Resistance zone($2,930-$2,916) and the Neckline of the Inverse Head-and-Shoulders Pattern . According to the Elliott wave theory, the Zigzag Correction(ABC/5-3-5) is over, and we must wait for the next impulse wave . Also, the Three Soldiers Candlestick Pattern is a good sign to break the Resistance zone($2,930-$2,916) and neckline . I expect Gold to rise to at least $2,953 , if the Resistance zone($2,957-$2,940) is broken, we should wait for Gold to rise to the Potential Reversal Zone(PRZ) . Do you think Gold can make a new All-Time High(ATH)? Note: If Gold goes below $2,887, it should expect more gold Dumps. Gold Analyze ( XAUUSD ), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
2
GOLD → Consolidation v. 2921. Ready for a breakthroughFX:XAUUSD continues to strengthen on the background of growing economic risks and also on the background of aggressive fall of dollar. The metal is at resistance at 2921 and is preparing to go even higher.... The dollar breaks the bullish structure on the background of comments of the U.S. Ministry of Finance on the reduction of rates. The verbal intervention as manipulation is affecting the markets quite aggressively. Further decline in gold is unlikely due to trade war risks and expectations of soft Fed policy.Additional impetus to gold may be given by weak ADP employment data and PMI data Gold has two important liquidity zones. 2913 and 2903, the closest area has already been tested (liquidity zone reached) and now all eyes are on 2920.7. If it holds, gold will return to 2913-2903 support, if resistance is broken, momentum will be formed. Resistance levels: 2920.66, 2942, 2954 Support levels: 2913, 2903, (0.5) fibo) Gold is testing 2913.34 at the moment, a rebound is forming due to the liquidity collected. In the short term, the focus is on 2920.7. Breaking the level and fixing the price above the trigger will most likely provoke the continuation of growth to 2942-2954 Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
Bitcoin - Dump and Pump | Crypto resurrected - next 125,000 USDLast week Bitcoin and the whole crypto market dumped like crazy, but on Sunday at the start of March, the crypto market was resurrected from the abyss! After Trump's post, the crypto market pumped in a very short period of time. But let's take a look at the technicals. The price dropped below the rectangular range but then pumped back into the range. What does it tell us? Usually, what we want to see is a breakdown of the range, retest, and continuation to the downside. In this case, the price failed to retest the range and instead went back to the range, which is a sign of strength. Currently, we want to look for a good price to buy BTC for the final stage of the bull cycle. I expect this bullish cycle to end in Q3 2025, around September. The price of Bitcoin is inside this huge ascending parallel channel on the daily chart, and as long as this channel holds, we have to be bullish. Let's take a look also at the weekly timeframe. What we can see here is a bullish hammer with an extremely long wick (reversal candle). The price also got rejected from the 20-weekly moving average. Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
99
CAKEUSDT → False breakout of resistance. Return to the trendBINANCE:CAKEUSDT is forming a false breakdown of key resistance as part of a bullish rally. Further altcoin decline may be influenced by bitcoin's decline, the flagship looks rather weak Technically, the move in Cake looks like a counter-trend maneuver to gather liquidity before a further, possible fall. The altcoin market is weak and most coins continue to look for a bottom, while bitcoin is consolidating but with a hint of a decline to 91-90K. CAKEUSDT is focusing on 2.6144 - 2.7288. If the bears keep the price below these zones, the coin could head down in the short to medium term Resistance levels: 2.6144, 2.7288, 2.2964 Support levels: 2.420, 2.0634 Statistically, a false breakdown provokes the strongest movements, often even trend changes. In this case, it is a counter-trend movement and if the price reverses locally, the coin will be under the pressure of the trend again. A price fixing below 2.6144 may strengthen the fall to 2.42, 2.06, 1.04. Regards R. Linda!
Short
by RLinda
11