Forex
Gold Rebounds Off Key Support — Next Leg to $4,200 = 124,000 PIP
View our previous 120,000 PIPs (target hit) Gold trades at the bottom of this page.
Following our previously fulfilled short trade from the top of the ascending channel (TP2 hit at $2,960), gold has now landed precisely at confluence support — aligning with the psychological $3,000 level, ascending channel support, the quarterly dynamic support, and the prior swing high zone. We are now flipping bias long, with a macro continuation in mind, while still respecting the shorter-term range structure.
Structure & Setup:
Another clean reaction from the ascending channel’s lower boundary reaffirms the structure’s technical validity. Price has now tapped the $3,000 round number support, intersecting with the channel base and our prior short target zone — offering strong risk-defined long opportunities.
Macro Context Holds:
Our long-term thesis targeting $4,270 remains intact, backed by structural breakout on the quarterly chart and fundamental gold demand. This move is potentially the start of the next impulsive leg in a broader macro expansion, though we expect the asset to oscillate within the channel boundaries until at least July.
Entry Logic:
This long setup is based on:
– Channel base bounce
– $3,000 psychological round number
- $2,960 quarterly dynamic support
– Reversal at former Take Profit 2 (TP2) short target
– Tight invalidation just below $2,960
– Favourable 1:11+ R:R targeting macro highs
Invalidation:
A clean break and close below $2,960 would invalidate the long thesis and suggest breakdown risk. Until then, structure holds.
Pip Potential:
From $2,960 to $4,200 = 124,000 pips upside potential — aligning with macro projections and Fib extensions from previous cycles (-1.414 & -1.618 zones).
Outlook:
While $4,200 remains our long-term target, we anticipate ranging between $2,960–$3,200 for the next several months. This accumulation phase may precede a breakout leg that targets historical Fibonacci confluence zones.
Summary:
Short trade complete — bias flipped long. We’ve now transitioned from a completed 1:4 R:R short into a 1:11+ macro long off textbook technical levels. Price action is behaving cleanly within the multi-month channel, and this latest support reaction adds further credibility to the bullish continuation thesis.
Let price consolidate — buy positions accordingly. The macro expansion to $4,200 is likely underway.
Previous Short:
75,000 PIP idea (Target hit):
45,000 PIP idea (Target hit):
EUR/NZD Wave Structure Shift: 4th Wave Correction in ProgressThe 3rd wave in EUR/NZD appears to have been completed, and the market seems to be entering the 4th wave. There is a possibility that the 4th wave could take support near the Fibonacci 0.5 level (1.19164). After that, the 5th wave of the impulse phase may move upward.
If the market falls below 1.98303, it would confirm the beginning of the 4th wave. In that scenario, the first target could be around 1.95907 .
NZDCHF May Drop, Here is WHY 🇳🇿🇨🇭
NZDCHF is trading in a strong bearish trend on a daily.
After a yesterday's pullback caused by FOMC,
the price reached a key horizontal resistance.
After a consolidation on that, the pair leaves clear bearish clues.
I see a formation of a bearish imbalance candle and a remaining
bearish pressure after US CPI.
Chances are high that the pair will drop at least to 0.4712
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EUR/USD Clears Resistance, Eyes 1.1200 RetestThe euro jumped +1.66% on the day, decisively clearing the key 1.0940 resistance level with a powerful bullish candle that now opens the door to a retest of the August 2024 high near 1.1200.
🔹 MACD remains in bullish territory, reaffirming upward momentum
🔹 RSI is climbing near 69, approaching overbought but not flashing reversal yet
🔹 Price now trades well above the 50-day and 200-day SMAs, both rising
Momentum is clearly in the bulls' favor. As long as EUR/USD holds above 1.0940, pullbacks may be seen as buying opportunities ahead of a potential break toward 1.1200.
Trend shift confirmed. Bulls back in charge.
-MW
XAU/USD: Ready for another Fall? (READ THE CAPTION)By examining the gold chart on the 30-minute timeframe, we can see that yesterday the price once again moved exactly as expected, hitting all four targets: $3022, $3016, $3010, and $3000, and even dropped further to $2956, resulting in a total return of over 700 pips!
Currently, gold is trading around $3003, and if the price stabilizes below $3014, we can expect further downside.
All key demand and supply zones are marked on the chart and are fully tradable.
If the drop continues, the next bearish targets will be $2997, $2991, $2984, and $2976, respectively.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
USDCHFUSDCHF price is near the support zone 0.83595. If the price cannot break through the 0.83595 level, it is expected that the price will rebound. Consider buying the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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Euro may continue to move up inside upward channelHello traders, I want share with you my opinion about Euro. We can see how the pair spent a long time inside a wide range, repeatedly testing the buyer zone between 1.0365 - 1.0400 points. After multiple rebounds and false breakouts, Euro finally broke through the resistance and started forming a strong upward channel. The bullish structure was further confirmed when the price respected the support line of the channel and created a new higher low near 1.0885, which now acts as the current support level. This level also coincides with the bottom of the seller zone, which was recently flipped into support. Price reacted with a sharp impulse up, breaking the consolidation range and confirming continued bullish pressure. Now Euro is approaching the middle of the channel and gaining strength again. I expect the pair to make a slight pull-back to the support area, followed by a continuation of the upward trend toward TP1 - 1.1250 points, which aligns with the upper boundary of the channel. As long as EUR remains above 1.0885 points and respects the bullish structure, I’m looking for another leg higher. The chart structure supports the bullish case, and the upward momentum is clearly in play. Please share this idea with your friends and click Boost 🚀
BTCUSD TARGET COMPLETE Market Analysis for Bitcoin (BTC/USD) – April 10, 2025
Price Action Overview:
- Bitcoin (BTC) is currently consolidating between 79,161 and 81,520, with price action forming within this range. A move to 79,161 has been achieved, completing the target and fulfilling the bearish target outlined earlier.
- BTC seems to be struggling around 81,500, and is showing potential signs of exhaustion at the upper end of the range near the resistance zone.
Key Levels to Watch:
1. Resistance Zone (Red Box):
- The resistance level is clearly marked near 82,000 and 81,500, with price struggling to break above this level. If Bitcoin fails to break out of this resistance zone, the price could reverse towards support levels.
- The upper resistance zone remains a key level…
ChatGPT: - An FVG (Fair Value Gap) is evident in the 79,161 to 78,500 region. This could act as an area to fill, and could potentially see price retracement or sideways consolidation before a possible move up.
Market Structure Analysis:
- Bearish Trend: Bitcoin's price has been on a downward trend forming a descending triangle, indicating bearish sentiment.
- Breakout Potential: A breakout from the current consolidation zone will be important. Bitcoin will likely test 79,161 again. If it fails to hold support, further downside may be possible.
Volume & Momentum:
- Volume: The volume analysis shows increasing buying volume at lower levels, suggesting potential support around 79,161. However, the volume is diminishing at resistance levels, which indicates that bullish…
GBPCAD: Long Signal Explained
GBPCAD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPCAD
Entry Point - 1.8200
Stop Loss - 1.8094
Take Profit - 1.8372
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USOIL Oil – April 10, 2025
Price Action & Trend Analysis:
- Current Market Position:
- WTI Crude Oil is showing a bearish trend within a falling wedge pattern, a technical formation that often signals a potential breakout after consolidation. This pattern is visible with converging trendlines (blue), which suggest a potential move to the downside.
- The resistance zone is marked at 61.50, and the price is struggling to break above this level. If it does not break out of this level, further downside momentum may be expected.
Key Levels:
1. Resistance Zone:
- The resistance level is clearly marked near 61.50, and price action has repeatedly struggled to move above this level, showing signs of rejection. A failure to break this l…
ChatGPT: 4. FVG (Fair Value Gap):
- There is a Fair Value Gap (FVG) near 58.12, which indicates a possible area of imbalance where price could potentially retrace to fill the gap before moving in its next direction.
Volume Analysis:
- The volume profile indicates decreasing volume as the price approaches the resistance zone at 61.50, which may suggest a weakening of bullish momentum.
- The increasing volume near the support level at 58.00 suggests that buyers are looking to step in at these levels, but this remains to be seen as the price moves toward this region.
Key Observations:
- The bearish divergence observed between price and momentum suggests that bearish pressure is mounting, especially with the price failing to breach resistance and forming lower highs.
- T
USDJPY: Long Signal with Entry/SL/TP
USDJPY
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy USDJPY
Entry Level - 145.33
Sl - 144.41
Tp - 147.41
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBPJPY Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for GBPJPY below:
The price is coiling around a solid key level - 188.12
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 190.71
Safe Stop Loss - 186.87
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
USDJPY Moment of truth for the long-term bullish trend.The USDJPY pair has been trading within a Channel Up since the October 17 2022 High and right now the current 1W candle is very close to its bottom (Higher Lows trend-line). This offers a low risk trading set-up.
Confirmed buy will be if the price breaks and closes a 1W candle above the 1W MA50 (blue trend-line), in which case our Target will be July's Resistance at 161.500 (similar to the 2023 Bullish Leg).
If on the other hand it breaks and closes a 1W candle below the Channel Up, turn short and target the 1W MA200 (orange trend-line) at 139.500.
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US-China Trade War: Impacts on Financial Markets
The trade war between the United States and China has reached unprecedented levels, with the imposition of reciprocal tariffs that are upsetting the global economic balance. China has recently increased tariffs on American products up to 50%, while President Trump has temporarily suspended tariffs for three months, trying to negotiate with other nations. This scenario is generating strong volatility in the financial markets and profoundly affecting the Forex market.
Analysis of the Impacts on Financial Markets
Stock Markets: The main world stock exchanges are recording significant fluctuations. Asian and European indices have suffered drastic drops, reflecting investor uncertainty.
Raw Materials: The price of oil and precious metals shows instability, with oscillations that reflect global nervousness. Gold, considered a safe haven, is gaining ground, exceeding the threshold of 3,000 dollars.
Economic Sectors: Sectors such as technology and agriculture are particularly hard hit, with export restrictions and rising production costs.
Impact on Forex
The trade war is directly impacting the currency market:
US Dollar (USD): The dollar is coming under pressure due to economic uncertainty and recession fears in the United States. The Federal Reserve may be forced to cut interest rates further.
Chinese Yuan (CNY): The yuan is under pressure, with the risk of lower exports to the US and a slowdown in Chinese economic growth.
Safe Haven Currencies: The Swiss Franc (CHF) and the Japanese Yen (JPY) are gaining ground, as investors seek stability amid global volatility.
Commodity Currencies: The Australian Dollar (AUD) and the Canadian Dollar (CAD) could be negatively impacted by fluctuations in international trade.
Forex Strategies for Traders
In a context of high volatility, traders must adopt targeted strategies:
Constant Monitoring: Follow the developments of the trade war and the decisions of central banks.
Diversification: Invest in safe haven currencies to reduce risk.
Technical Analysis: Use analysis tools to identify trading opportunities based on market movements.
Risk Management: Set stop-loss and take-profit to protect capital.
This situation requires attention and flexibility from traders, who must adapt their strategies to the new market dynamics. If you need further insights or a specific analysis on a currency, I am here to help!
HelenP. I Gold may drop to trend line, breaking support levelHi folks today I'm prepared for you Gold analytics. A few days ago price rebounded from the trend line and started to grow inside the upward channel. In this channel, the price rose to support 2, which coincided with the support zone and soon broke this area. Then it continued to move up and rose to resistance line of channel, but soon it turned around and made small movement below, after which continued to grow near this line little below. Later, Gold made a correction movement to support 2, which coincided with the trend line and then continued to move up inside the channel. In a short time later it reached support 1, which coincided with one more support zone and also broke this level too. Price some time traded near this level and later made impulse up, exiting from channel pattern and then it at once turned around and made correction movement to support 1. Gold even declined a little below this level, but a not long time ago, it backed up. Now, I expect that XAUUSD will start to decline to the trend line, thereby breaking the support level. That's why I set my goal at 2965 points. If you like my analytics you may support me with your like/comment ❤️
GOLD Chart Analysis for Gold (XAU/USD) – April 10, 2025
Key Observations:
1. Price Action and Trend:
- The price is currently in an uptrend, forming a bullish channel (green box) as it moves upwards.
- Resistance is positioned near 3,134.588 and 3,123.580 which are key levels to watch for potential price rejection or breakout.
- Support levels are defined at 3,067.613 and 2,974.936. The price has recently bounced off the support level, suggesting that the trend is still intact and may continue to push higher.
2. Key Levels:
- Resistance: The resistance level near 3,134.588 is being tested currently. A breakout above this level could indicate further bullish momentum.
- Support: The support zone near 3,067.613 is crucial. If the price drops below thi…
ChatGPT: - The volume bars show a spike in activity, suggesting market indecision, but also strong bullish sentiment near the support level.
4. Target Price and Future Projections:
- The target price for this move is 3,134.588, where the price is expected to test resistance. If it breaks this level, the next target could be near 3,150.00.
- The bullish channel suggests that Gold is still trending upward, and the price is likely to continue moving towards the upper boundary of the channel.
Scenario Predictions:
1. Bullish Scenario:
- If Gold successfully breaks the resistance at 3,134.588, it could continue to push higher towards the next resistance zone around 3,150.00.
- Support level at 3,067.613 holds strong, and the price continues to make higher highs…
USDCAD: Growth & Bullish Forecast
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current USDCAD chart which, if analyzed properly, clearly points in the upward direction.
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EURUSD: Expecting Bearish Continuation! Here is Why:
Balance of buyers and sellers on the EURUSD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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CHFJPY Under Pressure! SELL!
My dear followers,
This is my opinion on the CHFJPY next move:
The asset is approaching an important pivot point 173.25
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 171.69
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GBPUSD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for GBPUSD below:
The instrument tests an important psychological level 1.2924
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.2858
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GOLD A Fall Expected! SELL!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 3123.0 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 3102.5
Recommended Stop Loss - 3132.0
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK