Fundamental Analysis
EURNZD:RBNZ Rate Cut Sparks Volatility in NZDEURNZD: RBNZ Rate Cut Sparks Volatility in NZD
Today, the Reserve Bank of New Zealand (RBNZ) lowered interest rates by 25 basis points to 3.25%, down from 3.5% last month.
Initially, the New Zealand dollar (NZD) showed weakness, but the sentiment quickly shifted as the rate cut was accompanied by a surprisingly hawkish statement during the RBNZ Press Conference.
As a result, EURNZD plummeted by nearly 180 pips during the press conference, reaching a low of 1.8920.
This level triggered profit-taking, leading to a corrective move that retraced exactly 50% of the initial decline from 1.9100 to 1.8920.
Looking ahead, EURNZD may be poised for another bearish wave around this zone following a brief consolidation.
Targets:
🎯 1.8920 🎯 1.8850
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your 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.
Solana Short-Term, Already Bearish After 97% UpWhat will happen in the long-term? Before we get there, let's focus on the short-term real quick because we want to know what is happening with the market now.
The market offers endless opportunities. We need to take advantage of those, our edge. We have an edge and this edge is being able to read the chart. With this edge, we can time the market and increase our trading success.
Solana grew by 97%. This is good. Of course, some pairs grew way more while others grew less. I did mentioned that when Bitcoin grows 50%, some Altcoins can grow 300%. This is exactly what happened, this is because of the size of the projects.
Some pairs grew more but these were smaller pairs. Some pairs grew less but these were bigger. That's just the nature of things.
This 97% bu-wave can be correlated to a 300-400% bullish-wave on other pairs. This means that after a growth wave comes a correction.
SOLUSDT—two main interesting levels. Won't mention them as they are shown on the chart.
Both are likely to hit but the first high is really high probability.
This is easy. Wait for support before buying again. I say "again" because you are supposed to sell at resistance, we are assuming you sold at resistance and are ready to buy at support.
Good? We are good.
The market will continue to move down and up while long-term it produces sustained growth.
We need to adapt fast and be smart, everything can change in a day.
Keep an eye on the news, we might be in front of some major event.
Political events can change everything and cannot be predicted.
Thank you for reading.
Namaste.
Oil Price Stuck Near $60 Amid Geopolitical TensionsOil Price Stuck Near $60 Amid Geopolitical Tensions
Oil prices remain near $60, driven by global uncertainty. In the Middle East, tensions persist as Israel continues its military actions in Gaza. Meanwhile, the war between Ukraine and Russia continues despite U.S. efforts to mediate. Reports indicate that Russia has used North Korean weapons to intensify missile strikes on Ukrainian infrastructure, raising concerns about Moscow’s reliance on Pyongyang.
Adding to the uncertainty, Trump’s tariff policies are creating instability for major economies. However, OPEC+ has pledged to increase oil production in July, which could push prices lower.
For now, $60 remains a strong support level. If the price breaks below this barrier, further declines could follow, as indicated on the chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
US100 Not yet ready for ATH - Structural BreakdownHere’s a detailed breakdown of the US Tech 100 - NASDAQ on the daily chart and why a lift off to ATHs may not be in play just yet.
✅ Key imbalance zones mapped out
🔻 Expecting downside clean-up before upside continuation
📊 FVGs & inefficiencies stacked below = high-probability revisit zones
If you’re trading NASDAQ, this map could be your cheat sheet before price makes its real move.
The market is respecting the ascending channel, but I’m expecting a cleanup of inefficiencies stacked below before any major continuation. Keep an eye on the key zones marked — price may revisit these areas for liquidity.
📉 Possible short-term correction
📈 Bias still bullish, but not without some pain first
Happy Trading !
PEPEUSDT Bullish Breakout Potential from Falling WedgeChart Pattern: Falling wedge (bullish) identified on the weekly chart.
Indicators:
RSI: Above 50 on daily, weekly, and monthly charts, indicating bullish momentum across timeframes with no immediate overbought conditions (RSI < 70).
EMA: Bullish on weekly and monthly charts (price above key EMAs).
Current Sentiment: Mixed but leaning bullish. X posts highlight optimism, with traders noting a bullish pennant, whale accumulation, and parallels to PEPE’s 2023 breakout structure. However, recent price dips suggest caution.
Key Narratives:
A dormant whale withdrawing 2.2T PEPE ($29M) from Binance on May 19 signals strong holder confidence.
Predictions of a 50-100% rally if the short term bullish pennant breaks, with a potential new ATH in June 2025.
Correlation with Bitcoin’s ATH proximity suggests PEPE could benefit from a broader crypto rally.
Conclusion:
PEPE is well-positioned for a potential bullish breakout in the near term, supported by the falling wedge, RSI > 50, and bullish EMAs across timeframes. Its meme coin nature ties its performance to community hype and broader crypto market trends, particularly Bitcoin’s trajectory.
Not financial advice.
GALA GOING TO MOON ''AS per my analysis gala meet the daily advanced order block at 0.01710 and mitigation block at same level and there is also a bullish order block FVG of daily time frame At 0.01780 to 0.01540 these all are IMPORTANT POI and its help to reverse the trend and other side if we talk about the target we can see recent swing high 0.02040 0.02194 and 0.02363 these level contain high liquidity and price must go to grab the liquidity and there is 1D bearish order block at 0.03294 we see the price soon at this level "
BAIS:- BULLISH
ENTRY:- 0.01710
STOPLOSS:- 0.01410
TARGET :- 0.03290
DISCLAIMER :- its not a Financial Advice
THANK YOU ;
Tariff policy reversed again? Be careful on Friday.Yesterday, Trump and the US Trade Court ruled that the US International Trade Court had stopped the tariff policy. Gold once fell to a low of 3245, while the US dollar rushed all the way to a high of 100.5. Then it reversed, and gold began to rectify and rise. As of now, it has once touched a high of 3330, close to a rebound of $85.
Today, it reversed again. The US Court of Appeals allowed Trump's tariff policy to continue to take effect temporarily. And impose tariffs on most areas of the global economy, including allowing tariffs of up to 15% within 150 days to address trade imbalances with other countries. Compared with the tariff policy that was deemed illegal this week, this step is more legally defensible.
Looking at the current gold, it is likely that gold will fall sharply today. After gold fell yesterday, everyone wanted to short gold, but gold rebounded all the way.
So, today, Friday, is an opportunity for short-selling strategies. The short positions have been eliminated, so gold has every reason to fall, and it will fall sharply.
Once it falls below 3280 in the downward trend, it will test the low point of yesterday near 3250. If it breaks through 3250 again, it will go directly to the low point near 3200. The current short-selling strategy has little to do with technical analysis, it is completely a test of human nature.
DOW JONES FORECAST"The guns are primed".
we expect to see heavy Bearishness from US Stock Indices today, the "dumping" price action catalyst is a heavily bullish US Dollar for reference we use Gold and US Bonds for current market conditions.
Seek Bearish profile on the 15M - 5M to trigger Bearish dealing model.
Japan core inflation hits two-year high, yen gains groundThe yen is higher on Friday. Iin the European session, USD/JPY is trading at 143.63, down 0.37% on the day.
Tokyo core CPI climbed to 3.6% y/y in May, up from 3.4% in April and above the market estimate of 3.5%. This marked the highest level since Jan. 2025. Tokyo core inflation is viewed as the leading indicator of nationwide inflation trends and is closely monitored by the Bank of Japan. Tokyo core CPI, which excludes fresh food, was driven higher due to due higher non-fresh food prices, particularly rice which has soared 93% over the past year.
The jump in core CPI bolsters the case for a BoJ rate hike. The markets had anticipated a rate hike in October but today's strong inflation report could accelerate the timing of the next rate hike. At the same time, the uncertainty caused by US trade policy may force the BoJ to delay any rate hikes until the impact of US tariffs on Japan's economy becomes clearer.
US President Trump's controversial tariffs have sent the financial markets on wild swings. Now, US courts are weighing in on whether Trump exceeded his authority when he imposed the tariffs. A trade court panel ruled this week that most of the tariffs were illegal but on Thursday, an appeals court granted the Trump administration a temporary pause, keeping the tariffs in effect.
The legal fight over the tariffs has just begun and could go all the way to the US Supreme Court. In the meantime, the legal challenge has blown a hole in Trump's tariff policy and is causing even more uncertainty in the financial markets.
USOIL – Reclaiming the Energy Narrative | WaverVanir Macro Rever📉 Chart Thesis:
After nearly three years of structural decline from the $129 peak, crude oil (USOIL) is approaching a confluence zone of historic Fibonacci support ($56–$60) and a multi-year descending trendline.
This zone may mark the bottom of a long-term accumulation phase.
🧠 Strategic Perspective (WaverVanir View):
“It’s time to take back our resource. Not just politically—but economically, institutionally, and structurally.”
WaverVanir International LLC sees this setup as a rare macro pivot. This isn’t about short-term fluctuations—it’s about the global realignment of resource value in a world where:
Central banks are overleveraged
Strategic petroleum reserves are drawn down
War premium is mispriced
Real assets are undervalued
📊 Key Levels:
Support Zone: $56.04 (historical institutional buy zone)
Breakout Trigger: Trendline above $67.00
Target 1: $101.35 (0.786 Fib)
Target 2: $129.42 (1.0 Fib)
Target 3: $160.58 (1.236 Fib projection)
⚠️ Risk Disclosure:
We are not yet capitalized but actively building a legally compliant funding vehicle. No capital is currently allocated. This post is part of our vision publication cycle to build trust and transparency in WaverVanir’s thesis.
📌 Follow WaverVanir International LLC for conviction-based macro trade ideas at the intersection of data science, price action, and risk strategy.
#USOIL #MacroTrading #Commodities #WaverVanir #TradingView #QuantMacro #EnergyRevolution #FibonacciAnalysis #MarketStructure #EmergingFund
Gold Drops $30 in Asia as Month-End Profit Taking Hits Hard XAUUSD PLAN – Gold Drops $30 in Asia as Month-End Profit Taking Hits Hard
After a sharp rebound candle yesterday, gold unexpectedly reversed in the Asian session, plunging over $30 as market participants rushed to exit positions ahead of the monthly close. The move reflects strong technical rejection and potential macro pressure.
🌐 MACRO OUTLOOK – US-CHINA TRADE TENSIONS BACK IN FOCUS
Trade negotiations between the US and China are showing renewed signs of strain, especially around tariff policies.
The uncertainty has not triggered safe-haven flows into gold—a sign of waning momentum.
Dollar Index (DXY) remains range-bound, offering no clear direction.
Broad market sentiment indicates institutional cash-out behavior ahead of the weekly and monthly candle closes.
📉 TECHNICAL OUTLOOK – BEARISH STRUCTURE STILL INTACT
Gold is respecting a downward sloping channel on the H1 timeframe.
Price failed to hold above EMA 200, reinforcing bearish bias.
EMA 13 – 34 – 89 – 200 are in bearish alignment, showing continued downside momentum.
Support at 3274 – 3276 is a key reaction zone for potential scalping opportunities.
🔑 KEY PRICE LEVELS TO WATCH
🔴 SELL ZONE: 3322 – 3324
Stop-Loss: 3328
Take-Profit: 3318 → 3314 → 3310 → 3306 → 3300 → 3295 → 3290 → 3280
🟢 BUY ZONE: 3266 – 3264
Stop-Loss: 3260
Take-Profit: 3270 → 3274 → 3278 → 3282 → 3286 → 3290 → 3300
⚡ BONUS SCALP SETUPS
Support Zone 3274 – 3276 → Look for bullish rejection for a quick BUY SCALP (Target: 50 pips / SL: 50 pips)
Resistance Zones 3302 – 3304 and 3310 → Watch for early rejection to enter SELL SCALP, with extended downside targets.
📌 STRATEGY NOTES
Priority: Short-term sell bias unless price reclaims 3310 with momentum.
Avoid trading in the mid-range; wait for price to reach key reaction zones.
Today’s structure favors liquidity sweeps, so patience and disciplined entries are crucial—especially during London and NY overlap.
GOLD eases, fundamental support and technical momentumOANDA:XAUUSD fell in early Asian trading on May 30 after Thursday's gains, although it still had room to rise as weak US initial jobless claims data weighed on the US dollar and Trump's tariffs faced more uncertainty.
Gold recovered from a weekly low of $3,245 an ounce on Thursday to break above the $3,300 an ounce mark as weak US initial jobless claims data weighed on the US dollar.
As of press time, gold had fallen below the full price of $3,300, down $23 on the day and around 0.69% .
The number of Americans filing new claims for unemployment benefits rose more than expected last week, adding to pressure on the Federal Reserve to consider cutting interest rates.
Data released on Thursday showed the number of Americans filing new claims for unemployment benefits rose last week, exceeding market expectations. The data showed initial jobless claims in the United States rose by 14,000 to 240,000 in the week ended May 24, compared with estimates of 230,000.
According to the minutes of the Federal Reserve's May 6-7 meeting, policymakers acknowledged that they could face "difficult trade-offs" in the coming months, as both inflation and unemployment rise, raising the risk of a recession. Since gold does not yield interest, it typically performs well in low-interest-rate environments.
Trump Tariff Ruling Overturned
A U.S. trade court ruled on Wednesday that the president lacked the authority to impose tariffs, blocking most of Trump's tariffs, but on Thursday a federal appeals court agreed to the Trump administration's request to suspend the court's ruling.
The U.S. government's request for an immediate administrative stay was granted, and the rulings and permanent injunctions issued by the U.S. Court of International Trade in these cases will be temporarily suspended until further notice while the court reviews the relevant motion documents, the Court of Appeals for the Federal Circuit said in its ruling.
Investors will focus on the US personal consumption expenditure (PCE) price index, the Federal Reserve's preferred inflation gauge, on Friday. Gold is seen as a hedge against inflation during times of economic uncertainty, and higher-than-expected PCE data would benefit the US dollar and reduce the appeal of gold, leading to a possible decline in prices. The opposite effect would be seen if PCE data were lower than expected, which would increase the likelihood of an early rate cut by the Fed, leading to a depreciation of the dollar and gold benefiting from expectations of a low-interest rate environment.
Technical outlook for OANDA:XAUUSD
On the daily chart, gold is down but currently the downside momentum has been limited by the initial support area which is the confluence of EMA21 with Fibonacci retracement 0.382%, this support area has been noted by readers in the publications since the beginning of this trading week.
Temporarily, gold does not have enough technical conditions to be able to increase in price in the short term, because it is still under pressure from the price channel. However, in terms of the overall and long-term trend, gold still has a main trend of increasing price, a trend noted by the price channel.
In terms of momentum, the Relative Strength Index (RSI) is still holding above 50, with the current RSI position at 50 being considered as the nearest support in terms of momentum.
A sustained price action above the 3,300ISD price point would be considered a positive signal, while a break above the channel would qualify the bulls for a short-term target of 3,371USD.
For the day, the technical outlook for gold is bullish and the key points to watch are listed below.
Support: 3,292USD – 3,250USD
Resistance: 3,371USD
SELL XAUUSD PRICE 3342 - 3340⚡️
↠↠ Stop Loss 3346
→Take Profit 1 3334
↨
→Take Profit 2 3328
BUY XAUUSD PRICE 3203 - 3205⚡️
↠↠ Stop Loss 3199
→Take Profit 1 3211
↨
→Take Profit 2 3217
XRP/USDT: Long Opportunity with Favorable R:RJust entered a long position on XRP/USDT. Here's my quick take:
Entry: $2.1569
Stop Loss: $2.0388
Take Profit: $3.1512
Technical Rationale:
Eyeing a bounce from a clear support zone around $2.04-$2.10, where we've seen buying interest before. My SL is tucked just below this area. The target at $3.1512 is a significant previous resistance level from early May. This setup offers a compelling risk/reward ratio of over 8:1. Watching for price to hold this support and confirm the upward move. Potentially a mitigation play if recent lows were a liquidity grab.
Fundamental Check:
Always crucial with XRP – keeping a close eye on any breaking news regarding Ripple and the SEC, as that can heavily influence price. Positive developments could fuel this move.
USDJPY SELL IDEA!!Price has been reacting around the 148.000 level forming a head and shoulder bearish pattern. a break below the neckline insight a sell opportunity.
fundamentally, Bank of Japan intend to move forward with additional interest rate hikes, and market participant are anticipating a 25 basis point increase in July. it's safe to short USDJPY as further decline is anticipated.
XAU/USD Awaits PCE Catalyst – Rejection or Breakout?Gold prices are trading around $3,297 after rejecting the $3,324 resistance zone. The market is currently showing signs of exhaustion near a minor resistance, and price action suggests a potential short-term pullback. Attention now shifts to today's U.S. Core PCE data, a key inflation metric for the Fed, which may dictate near-term direction and shape the monthly close.
OANDA:XAUUSD TVC:GOLD Gold tested the $3,324 resistance area but failed to break higher, forming a lower high. A potential bearish setup is developing as price reacts to minor resistance around $3,310. If bears regain control, a drop toward the key support level at $3,240 is likely. A break below this level could open the door to further downside in the upcoming sessions. Conversely, if bulls manage to reclaim $3,324 and establish a strong daily close above, we could see a retest of $3,350 and higher.
Key Event Today:
At 8:30 PM GMT+8, the U.S. will release April's Core PCE Price Index – the Fed’s preferred inflation gauge:
MoM: Expected at 0.1%
YoY: Expected at 2.5% (Previous 2.6%)
A softer-than-expected reading could increase rate cut expectations and offer bullish momentum to gold. Stronger data, however, may renew USD strength and pressure XAU/USD lower.
Resistance: $3,310 , $3,324
Support: $3,240 , $3,207
Gold Price Analysis May 30Candle D shows strong buying power on Thursday, most likely today Asia and Europe will decrease and the US session will return to the uptrend.
The bearish wave structure is heading towards 3280. This zone can be bought in Asia and Europe. In the US session, wait for the price reaction to break this zone, limit buying until the bottom of 3254.
Break 3254 confirms the downtrend and heads towards the two support zones 3238 and 3211
When the support zones bounce up, a nice bullish wave is formed and do not SELL Scalp until the 3320 zone. If you break, keep the BUY order up to 3343.
Snapchat Long?Technical Analysis:
- NYSE:SNAP has been very close to a very strong support zone on its Daily chart, offering a potentially good trade in my opinion.
Fundamental Analysis:
-In 2024, Snap reported an annual revenue of $5.36 billion, marking a 16% increase from the previous year. However, the company still posted a net loss of $698 million, an improvement from the $1.32 billion loss in 2023 . Adjusted EBITDA improved to $509 million in 2024, up from $162 million in 2023, indicating better operational efficiency.
-Quarterly results showed similar trends. For instance, in Q2 2024, revenue increased by 16% year-over-year to $1.24 billion, but the company still incurred a net loss of $249 million . In Q4 2024, Snap achieved a net income of $9 million, compared to a net loss of $248 million in the same quarter of the previous year .
Challenges:
-Snap faces intense competition in the digital advertising space from larger rivals like Meta Platforms (Facebook and Instagram) and TikTok. These competitors have more extensive user bases and more advanced ad-targeting capabilities, making it challenging for Snap to attract and retain advertisers .
Disclaimer:
This is just my personal opinion and not professional financial advice. Any investment decisions you make are entirely your responsibility. I am not a licensed financial advisor, and I do not guarantee the accuracy or completeness of the information provided. The figures mentioned may be inaccurate, outdated, or subject to change — so please do your own research and due diligence before making any financial decisions. Investing involves risk, and any losses incurred are at your own risk.
ADA/USDT: Potential Long Setup from Key Support ZoneTaking a closer look at a potential long opportunity on Cardano (ADA/USDT) with the following parameters:
Entry: Around $0.6938
Stop Loss: $0.6098
Take Profit: $1.1880
Technical Breakdown:
ADA is currently interacting with a critical price zone between $0.6800 and $0.7200. This area has demonstrated historical relevance, acting as both support and resistance in recent months, notably providing a floor for price action through mid-May. My entry anticipates this zone will once again attract buying interest after the recent pullback.
The stop loss at $0.6098 is strategically placed below the significant swing low established in late April. A breach of this level would likely invalidate the current market structure and could signal a more profound bearish continuation.
The take profit target at $1.1880 aims for the prominent highs last seen in early March. This ambitious target reflects an expectation of a strong recovery and implies a potential shift in momentum, possibly fueled by a confluence of technical strength and positive catalysts. The risk/reward ratio here is compelling, sitting near 5.8:1.
Fundamental Watch:
Keep a keen eye on Cardano-specific news. Developments in their ecosystem, progress on roadmap milestones like Voltaire or Hydra enhancements, or significant partnership announcements could provide the necessary bullish impetus for such a move. As always, broader market sentiment will also play a crucial role.