NZDJPY → Back in range, there's a chance to strengthenFX:NZDJPY is forming a false break of the range support and within the reversal pattern confirms the break of the bearish structure
The fundamental background has been extremely unstable lately and depends on any harsh statements of politicians, mainly related to the trade war.
But, technically, the pair is returning to the range on the background of local market recovery. A false breakdown of the range support is formed.
The break of the bearish structure, the formation of the reversal pattern and the return to the trading range give chances for strengthening of the price. If the bulls hold the defense above 83.7 - 84.2, the currency pair may strengthen to 85.15 - 87.4
Resistance levels: 84.196, 86.15
Support levels: 83.79, 83.31, 82.21
Consolidation above the key support zone may allow the bulls to strengthen the price to the local zone of interest. Global trend is neutral, local trend is upward.
Regards R. Linda!
Fibonacci
SOL USD LONG IdeaBased on a fibonacci speed fam from the all time low to all time high along with a fibonacci retracement both point out that the price has retraced down to the golden pocket areas. Based on the supoort holding, along with other indicators I'm using points out a very likely move to the upside of ~20%.
Dollar Index Monthly Review: Key Support Levels with the help ofIn the first Fibonacci setup, we observe a retracement of the index to the 61.8% Fibonacci level, after which a trendline could be drawn. Applying a second Fibonacci retracement on the chart reveals that the Dollar Index once again found support within the 50.0%-61.8% zone.
In January of this year, the dollar attempted to break above the 110.00 level but encountered resistance at the 61.8% bullish retracement level. This led to another pullback, increasing the likelihood of a decline toward the trendline in the 98.50-99.00 zone. The 100.00 level is expected to act as support, though a temporary dip below this level within a consolidation phase is possible before another solid support is established.
Once a new support base is confirmed, the Dollar Index could initiate the next bullish rally, potentially forming a new high above the 116.00 level.
Aergo price analysis The #Aergo coin is “old” from 2019, and its capitalization is only 59 million, and that's after a few days of 200%+ pumping from Korean exchange users in a falling market.
🟡 At the current price, of course, it's not worth buying OKX:AERGOUSDT , but why not keep an eye on it.
🟢 If the price is kept above the buying zone - $0.075 - $0.087, then the pump can easily be extended, at least to $0.30 - $0.32 (potentially modest x4, or maybe not)
🔴 Below this zone, in our opinion, it is dangerous to buy, because there will be weakness of buyers and the price of #Aergo has a place to fall.
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Buy limit order plan for Gold on 4HGold is performing in assenting parallel channel on daily time frame as will as on 4H time frame. However there is a bearish divergence that indicates the price will go down and will continue the up trend after the correction.
A buy limit order can be setup on 4H time frame.
Entry : 3072.166
Stop Loss : 2954.231
TP1 : 3190.101
TP2 : 3308.036
Bulls Score : 2
Bears Score : 1
USDJPY SELLSPrice is currently in an AOI for sells. Price gapped up so I'd hold off on sells until price forms bearish structure on the lower timeframes. Once price resumes bearish structure, look for sells towards 140.500. If price breaks above H1 resistance, I'd look for price to push towards 145.
Will BTC emerge from the descending channel on top?Hello everyone, I invite you to review the current situation on BTC. On the one-day interval, you can see how the price is moving in the downtrend channel in which there is again a fight with the upper boundary of the channel. At this stage, you can also see how the EMA Cross 50/200, they have come very close but still indicate the maintenance of a long-term upward trend.
Here you can see how the price has currently bounced off the resistance zone from $ 86,503 to $ 87,934. Only an upper exit from this zone will open the way towards the second important zone at the levels of $ 93,959 to $ 96,142, and then we have visible strong resistance around $ 101,800.
Looking the other way, you can see that in the event of further declines, we have support at $ 80,550, then you can see an important zone that previously maintained the price decline from $ 74,340 to $ 71,380, in a situation where this zone is broken, we can see a quick decline to around $ 65,360.
The MACD indicator shows an attempt to switch to an upward trend, it is worth watching whether there is enough energy for further movement.
Litecoin analysis using multiple toolsPlease read the full analysis to get the complete picture.
Let's start with the trend lines.
We have three increasing angles of support trend lines. The third one marked with this week's low so it might change if we happen to get a lower low.
For the resistance we have R1 which is anchored at the ATH at the December 2024 top. This resistance trend line was tapped twice more, in January and February 2025, creating marginally lower highs marking the triple top which sent Litecoin to its recent low.
R1 and any of the support trend lines, most notably S2 create a symmetrical triangle. This triangle can break either way and any time. So in theory, it could take it's time until late 2026 or early 2027. If it breaks in 2026, I would expect it to breakdown given that would correspond to the bear market timing of the bitcoin four year cycle.
Next let's take a look at the pitchfork.
This is a Schiff pitchfork from the 2018 bear market lows to the all time highs to the 2022 bear market lows. Macro pitchforks like this one tend to be respected. We can see that the August 2024 low hit the outside line of the pitchfork. The 0.5 line (green) flipped multiple times in this cycle between being support and resistance.
The Schiff pitchfork in this case gives us the most conservative targets. More bullish targets are observed when switching to the modified Schiff pitchfork. However, for proper risk management it is better to start with the Schiff pitchfork and only if the price breaks the resistance levels, then switch to the modified Schiff. Here is the modified Schiff pitchfork:
We can see interesting price interaction here as well. The August 5th 2024 weekly close was still above the outside line. The currently weekly low also hit the outside line. Similarly to the Schiff pitchfork, the 0.5 line also flipped multiple times being support and resistance.
Zooming in on the price action since the December 2024 high, we can examine the Fibonacci retracement and how it aligns with the pitchfork, supply zones and a fair value gap (FVG).
At the time of this writing, we are about 5 hours away from a pretty bullish weekly candle about to close above the 0.236 Fib with the first significant volume increase since the week of February 24th. The next Fib levels are potential resistance levels. The 0.382 and 0.5 Fibs fall within the first supply zone. The 0.786 and the final 0.886 Fibs fall within the second supply zone. The most bullish artifact on the chart is the weekly FVG. These gaps tend to be filled and the one we have here borders the 0.618 Fib. Moreover, the pitchfork 0.5 line falls withing this FVG. If the FVG will be completely filled during a rally in the next few months, the price will break above the pitchfork 0.5 line and hit the resistance at 0.618 Fib.
If the price breaks the 0.618 Fib the next resistance area will be composed of the second supply zone, 0.786 and 0.886 Fibs and R1. Once this resistance area is cleared and price breaks above the December 2024 high at 147$ it can challenge the Schiff pitchfork median line with price targets at 180-190$ depending on when it will be hit. The median line is expected to be a major resistance, especially since it will be the first touch hitting it. If broken, the modified Schiff pitchfork gives targets at 230-250$ depending on when it will be hit.
For completeness, a quick look at the RSI and SRSI.
RSI is around 43. SRSI is about to cross bullish ( [ending the weekly close) and still needs both the fast line and slow line to cross 20 for a complete bullish signal.
No altcoin analysis is complete without examining the BTC pair.
LTCBTC had last week the lowest weekly close since the week of November 4th 2024. In the RSI this resulted in the first instance of a bullish divergence since the LTC significantly outperformed BTC in November 2024. A similar bullish divergence happened leading into the week of November 4th 2024. However, note that since January 2024 LTCBTC made lower lows while most of the time the RSI made higher lows. Therefore, we can observe a continued period of weekly bullish divergences since January 2024 but it only unfolded into significant outperformance in November 2024. So, the bullish divergence is clearly bullish but it is hard to tell if it will result in LTC outperforming BTC in the near or far future.
The SRSI is oversold but I wouldn't build too much on that.
Also, not shown, LTCBTC MACD and LMACD are clearly crossed bearish.
To sum up, LTC seems to have a clear path to the upside if the BTC bull run continues. As for whether or it will outperform BTC, it is hard to tell.
XAUUSD WEEKLY ANALYSIS Hey everyone happy new week😇….Last week we end up not executing any trades cuz the market didn’t give us a nice confirmation tho we got a nice entry spot which price touched and rejected and pushed higher but we was expecting a good pullback so we didn’t get and no confirmation too se we missed that if you check out my last post so that was it for last week…So this week I’m very bullish on Gold still and looking for a good entry point,my zones to take more buys to the upside are 3120 zone & 3164 zone as seen on the chart if I get a nice entry on one of these zones and a confirmation I will gladly execute buys I will update you guys and let’s have a win week…..
“EUR/USD Nears Wave (C) Climax – Will Smart Money Step In?”EUR/USD is approaching the final leg of its corrective A-B-C structure. With wave (C) targeting the 1.15–1.18 supply zone, a major reversal setup is brewing.
Wave (A)-(B)-(C) correction structure in play
Current bullish momentum likely completing wave (C)
Watch for potential 50% and 78% Fibonacci retracement zones for next sell setups
Embedded Wyckoff distribution schematic suggests institutional unloading soon
If you're tracking smart money, the final wave up could be the perfect setup to sell the rally once signs of distribution confirm.
Key Levels to Watch:
Supply Zone: 1.15–1.18 (Wave C Top)
First Demand: 50% zone
Deeper Demand: 78% retracement = high confluence
#EURUSD #ElliottWave #WyckoffMethod #SmartMoney #ForexForecast #WaveC
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“GBP/USD Bulls Eyeing the Final Wave V – Will Cable Hit the Targ”
The GBP/USD weekly chart is unfolding beautifully under Elliott Wave theory. After completing wave (iv), price is charging upward in wave (v) toward the final resistance zone around 1.38–1.42.
This impulsive structure is playing out textbook-style:
Wave 1–2–3–4–5 mapped clearly
Recent breakout confirms bullish strength
Wave (v) target aligned with historical supply zone
If you're riding the wave, keep eyes on short-term pullbacks for re-entry before the final leg completes!
Next Key Levels:
Pullback demand near 1.2750–1.2850
Major resistance in the 1.38–1.42 zone
Wave V completion zone = high probability reversal area
#GBPUSD #ElliottWave #ForexForecast #WaveAnalysis #FXTrading #CableAnaly
(SMC) and key liquidity zones aligning for a major bearish reverThe U.S. Dollar Index (DXY) is tracing out its final wave of the Elliott 5-wave structure, with a powerful confluence of Smart Money Concepts (SMC) and key liquidity zones aligning for a major bearish reversal.
Wave (iv) correction might offer the last sell opportunity before a deep wave (v) drives us into the golden demand zone near 91–93.
Watch closely:
Fair Value Gap (FVG) & Order Block aligning at resistance
Wave (iii) completed with strong momentum
Massive bearish pressure setting up for 2025–2026
Next Move?
We’re tracking the wave (iv) pullback into the SMC zone, looking for entries to ride wave (v) down.
Get ready for a potential macro-level shift in dollar strength!
#DXY #ElliottWave #SMC #ForexAnalysis #DollarIndex
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USDCAD DUE FOR RELIEF THIS WEEKUSDCAD is approaching major weekly support after the multiple weeks of a sell of off; in line with a .618 fibronacci retracement. Although as price rest on this level of demand, it will need a few days to mature.
-On the daily time frame we see an overextension to the downside as the RSI nears 30 with levels in line with weekly as well.
-Personally I'll be waiting for price to mature on the 4hr timeframe to take entry on some buys.
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Market Outlook of S&P 500 This is a S&P 500 Weekly Chart and it’s on a perfect uptrend since the covid bottom, and on a shorter time frame, it has also broken the time frame. It has also touch the 2022 support which is around 4800.
I expect it to retest the recent bottom and maybe even a lower low, I think it can make a fib extension and retest 4250-4300.