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Fibonacci

USDCAD Wave Analysis – 11 April 2025- USDCAD broke support zone - Likely to fall to support level 1.3800 USDCAD currency pair recently broke the support zone between the support level 1.4040 (which reversed the price sharply at the start of April, as can be seen below), 50% Fibonacci correction of the upward price move from September and the support trendline of the daily down channel from March. The breakout of this support zone accelerated the active short-term impulse wave 3 – which belongs to intermediate impulse wave (C) from February. USDCAD currency pair can be expected to fall to the next support level 1.3800, former monthly low from November.
Short
by FxProGlobal
GBP/USD - Weekly Elliott Wave Forecast | Potential B-Wave Trap!Pattern: Completed 5-Wave Impulse + ABC Zigzag Correction Current Price: 1.3056 Forecast: Bearish B-Wave Reversal Incoming? Technical Breakdown: Major impulse from 2007 to 2022 marked as 1 to 5 A corrective ABC move completed at the key resistance zone Price currently facing rejection from the C wave top High probability of a B-Wave trap forming before a drop to the 1.14 zone Strong confluence with historical structure and Fibonacci retracement Next Move: Watch for a weekly candle close below 1.28 to confirm the reversal. Bears may target the 1.14 zone in the next leg down. Wave Structure Visualized (Top-Right Inset): Shows possible B-Wave drop before bullish C continuation — a perfect trap zone for early bulls. Trade Plan: Short bias below 1.30 with SL above 1.32 Target: 1.18–1.14 zone Re-assess price action near 1.14 for long opportunities Stay Sharp, Stay Green!
Short
by Greenfireforex
1
BIG BIG weekI think 7 FED speakers, A lot of tension in the markets, tops mean polarisation, considering reflexivity theory extreme volatility will ensue. A lot of people might think the -0.786 ATH we got before the holidays is the top. I think they are mistaken as seen in the analysis below. There is still legroom for higher, this is a big bet on my part. I have a few contracts on the mag7 (GOOGL, TSLA and META) focusing on GOOGL since they seem to be in the same headwind as S&P Let's see how this plays out
CME_MINI:ES1!Long
by Osmanomics
Chips May Have Broken DownThe Philadelphia Semiconductor Index has been skidding lower, and some traders may think it’s broken support. The first pattern on today’s chart is last April's low of 4288. SOX bounced at that level last August and on March 11. But the index slid below it last week and this week peaked near the same zone. Has old support become new resistance? Second, the 8-day exponential moving average (EMA) is under the 21-day EMA. That may reflect a bearish short-term trend. Wednesday’s high was near the 21-day EMA. The index stalled at that line and quickly fell back below its 8-day EMA. Next, the recent high was near a 50 percent retracement of the selloff that began in late January. That may also confirm its downward trend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:SOX
by TradeStation
XAUUSD 4H | Premium Zone Rejection + FVG PlayGold tapped into a clear Fair Value Gap (FVG) around the $3,141–$3,157 zone—right at a premium level. I’ve entered a short position at $3,141, anticipating a move down toward internal liquidity and sell-side targets. Entry: $3,141 TP1: $3,094 TP2: $3,041 Final TP: $2,951 SL: $3,160 This setup is based on Smart Money Concepts: • FVG reaction • Premium pricing • Liquidity engineering • Bearish displacement Let’s see if the algorithm delivers! What’s your bias on gold this week? Drop your thoughts and follow for more clean setups!
FX:XAUUSDShort
by AahmedD_98
Nifty Analysis EOD - 11th April 2025📌 Background After yesterday’s holiday, global cues were positive—especially from the US markets. SGX Nifty indicated a strong gap-up. As expected, Nifty opened at 22,695, right around the previous session’s high and within our marked Resistance Zone. 📌 Today’s Price ActionNifty opened with a sharp gap-up, and the Initial Balance (IB) high was formed at 22,875. The price managed to breach the IB high briefly, triggering a trade signal and filling the gap between 4th and 7th April sessions.However, the index failed to sustain above 22,875–22,900. Momentum fizzled out post-breakout, and Nifty retraced toward the opening zone. 🧊 Intraday range was 228 points, out of which 165 points occurred during the IB phase. Most of the move was already baked in early on. 📉 Despite gaining +429 points intraday, Nifty closed at 22,828, slightly below the previous week’s high of 22,857—which hints at a pause or temporary exhaustion. 📌 Technical OutlookNifty is still playing between supply and demand zones. Today’s rejection from above 22,900 and close below the weekly high indicates a need for further strength or a catalyst to push beyond 23,000 convincingly. A clean break above 22,900–23,000 remains key. 📌 Important Levels 🔼 Resistance Zones 22,857 (Weekly High) 22,900–23,040 23,182 23,340 🔽 Support Zones 22,668 (Breakout Zone) 22,337 22,082 (Previous Lowest Swing Close) 🧠 Strategy Going ForwardIf no negative news flow arises, a retest of 23,000–23,040 is likely. Traders should wait for sustained price action above 22,900 for fresh longs.Avoid aggressive shorts unless the price breaks down below 22,668 with momentum. 📋 Quick Recap✅ Gap-up opening on global cues✅ IB High breached and gap filled✅ 228-point range; majority in IB✅ Resistance at 22,900 held firm✅ Closed below weekly high 🧘 Patience is power. Wait for confirmation beyond resistance.
NSE:NIFTY
by kzatakia
Bitcoin Wave Analysis – 11 April 2025- Bitcoin reversed from support zone - Likely to rise to resistance level 87785.00 Bitcoin cryptocurrency recently reversed from support zone between the support level 76685.00 (former low for wave (A) from the start of March, as can be seen below), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from September. The upward reversal from this support zone stopped the earlier short term wave B - which belongs to ABC correction (B) from the start of March. Bitcoin can be expected to rise to the next resistance level 87785.00, which stopped the previous wave A.
BINANCE:BTCUSDLong
by FxProGlobal
Gold - Back Up To New All Time Highs, Where Next?Developments earlier in the week regarding President Trump's 90 day tariff reprieve and the escalation of the trade war between the US and China have seen Gold recover from its slump, which saw it trade from a low of 2956 on Monday, to very quickly post a new all time high this morning at 3220. An impressive rally of 8.5%. It seems these two events have shifted the narrative driving Gold from a sell everything rush for liquidity (General rule: bad for Gold prices), to a demand for safe haven assets (General rule: good for Gold prices) as a hedge against uncertainty surrounding whether trade deals with the 56 countries that received a reprieve can be significantly advanced in 90 days, and what damage the tit for tat increase in tariffs between the US and China could do to the global economy. With this in mind the question is, can Gold continue to move higher towards 3300 as this uncertainty carries over into the weekend, or is there some significant resistance to overcome which could stop the rally in its tracks? Technical Outlook: Fibonacci Could Hold The Key Considering he was alive back in the 12th century, Leonardo Fibonacci continues to have an important influence over the price of financial assets and most recently, over the price action in Gold. Be it retracements or extensions that are calculated using ratios within the Fibonacci sequence, each have highlighted interesting levels for Gold traders of late. As the chart above shows, the acceleration higher in the Gold price to 3168, on April 3rd, tested but at that time, was unable to close above resistance offered by the 138.2% Fibonacci extension of the October 31st to November 14th 2024 sell-off, which stood at 3146. This was able to hold the advance and even prompt a sell-off from these upside price extremes. This decline, while only seen over a 3 session period, led to a 6.66% downside move. Interestingly, this weakness was held and reversed back to the upside by the 61.8% Fibonacci retracement of the February 17th and April 3rd advance in price, which provided support at 2963. What are the Risks for Gold Now? Potential Resistance: Having seen a strong recovery from the 2963 retracement support this week, Thursday’s close managed to break above the 3146 Fibonacci extension resistance, and this morning, a new all-time price high has been posted at 3220. Such moves could possibly open scope to higher levels, although much will depend on future market sentiment and price trends. Following latest closing breaks higher and this morning’s new all-time high, next resistance might now be marked by the 161.8% Fibonacci extension, which stands at 3208. Closing breaks above 3208 in Gold may now be required to suggest a more extended phase of price strength is possible. Potential Support: While latest moves to new all-time highs are a potentially constructive development, knowing what support levels could be worth monitoring to the downside, on any price failure can also be useful. The first support may now be 3119, which is equal to the 38.2% Fibonacci retracement of this week’s strength, and it might be closing breaks below this level that may see downside pressure build. Having seen prices rally so well this week, breaks below the 3119 retracement if seen, could then prompt traders to look for 3088 tests, which is the 50% retracement, even 3057, where the 61.8% level stands. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:XAUUSD
by Pepperstone