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USDCAD Currency Pair Trend After Fed Chairman Powell TestifiesUSDCAD News: 🔆A White House official said late Tuesday that the 25% tariffs that U.S. President Donald Trump is planning to impose on all steel and aluminum imports will be added to other tariffs on Canadian goods, bringing the total to 50%. 🔆Earlier this month, Trump imposed 25% tariffs on most Canadian goods. However, those tariffs were suspended for 30 days last week. 🔆Canada appoints new fentanyl chief to coordinate anti-smuggling efforts, following through on previous Trump administration pledges to do more to stem the flow of fentanyl across the U.S. border Viewpoint: 🔆USD could continue to rise against CAD. With the DXY Index and U.S. 10-year Treasury yields currently rising, the USD could continue to rise against CAD. With Powell's neutral stance, the USDCAD pair is likely to continue its upward momentum yesterday after touching the support level of 1.427. And investors are waiting for further steps on Trump's tariff policy and today's US CPI to have a reasonable strategy.
Long
by FM-ForexMastermind
1
XAUUSD TODAY'S MAPPING IS HERE Hello Guy's Welcome To Another Day Of TRADING Here we are mapping chart of XAUUSD ( GOLD ) in 15-M TF Ascending triangle pattern: Trendlines indicating higher lows and a horizontal resistance level. Breakout and retest: The price has broken above the resistance and appears to be retesting the breakout level. Trade setup: Entry Level: Near the breakout retest point. Take-profit: Near 2951 Stop-loss: Around 2900 This analysis indicates a bullish sentiment, expecting gold to rise further if the breakout holds.
OANDA:XAUUSDLong
by Art_of_TradingFX
SYN ANALYSIS📊 #SYN Analysis : Update ✅ Here we can see the price is around its major support zone. Falling wedge pattern is forming and 2 times bullish move from the same support point. We would see a good breakout soon and achieve our targets 👀Current Price:  $0.4542 🚀 Target Price:    $0.9700 ⚡️What to do ? 👀Keep an eye on #SYN price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #SYN  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
$MDB to $350+ with vector database + gen AI as tailwind!- NASDAQ:MDB is investing in R&D and recently noticed that they have developed their solution for vector database www.mongodb.com - This will be a strong tailwind for the company. In generative AI, one needs to store large embedding in a low latency databases which could efficiently be looked up. By default, no-sql databases are good for these use cases. - Pinecone is one of the best in this space, NYSE:ESTC had one but now NASDAQ:MDB is catching up and looks really promising. - P/EV multiple is very reasonable for $MDB. - PT : 350+
NASDAQ:MDBLong
by bigbull037
Accumulated below 2900, in early uptrend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) remains under slight pressure for the second consecutive day but holds steady just below $2,900 during the Asian session on Wednesday. A modest uptick in the US Dollar, following Fed Chair Jerome Powell’s hawkish remarks, weighs on the metal. However, concerns over the economic impact of President Donald Trump's trade tariffs and rising global trade tensions continue to support gold’s safe-haven appeal. Investors remain cautious ahead of the latest US consumer inflation data, set for release later today. This key report will shape expectations around the Fed's rate-cut trajectory, influencing USD demand and gold's next directional move. Despite Tuesday’s sharp pullback from the $2,942-2,943 region, uncertainty surrounding Trump’s policies suggests caution before betting on further declines or a new record high. ⭐️ Personal comments NOVA: Moving stably around 2900, gold accumulates and waits for an opportunity to continue increasing in price. The US tariff situation is still very tense. ⭐️ SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2942 - $2944 SL $2949 TP1: $2935 TP2: $2922 TP3: $2910 🔥 BUY GOLD zone: $2835 - $2837 SL $2830 TP1: $2842 TP2: $2850 TP3: $2860 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
6
#AVAAIUSDT looks ready for further gains📈 LONG BYBIT:AVAAIUSDT.P from $0.05800 🛡 Stop Loss: $0.05170 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:AVAAIUSDT.P shows strong bullish momentum, breaking key resistance levels. ➡️ The price is holding above $0.05730, confirming buyer control. ➡️ Trading volumes are increasing, signaling rising market interest. ➡️ POC at $0.05189 acts as solid support, reinforcing the long scenario. ⚡ Plan: ➡️ Wait for a confirmed hold above $0.05800 before entering. ➡️ Stop-Loss at $0.05170 to minimize downside risk. ➡️ Main target $0.06938, with intermediate take profits at $0.06165 and $0.06640. 🎯 Take Profit Targets: 💎 TP1: $0.06165 🔥 TP2: $0.06640 🚀 TP3: $0.06938 📢 Monitor $0.05730 – a breakout above strengthens the bullish case. 📢 Volume increase supports upward movement, confirming buying interest. 📢 Risk management – closing the trade if $0.05170 is broken down. 🚀 BYBIT:AVAAIUSDT.P looks ready for further gains, expecting a move towards targets!
BYBIT:AVAAIUSDT.PLong
by MoriartyTrading
Will the USDJPY pair trend increase ?News: 🔆Federal Reserve Chairman Jerome Powell, speaking before the Senate Banking Committee on Tuesday, took a more hawkish stance, describing the economy as strong with a robust labor market. He noted that while inflation was moving toward the 2% target, it remained slightly elevated, indicating that policymakers were in no hurry to cut interest rates. 🔆U.S. President Donald Trump signed executive orders imposing 25% tariffs on imported steel and aluminum, effective March 12. He also suggested the possibility of additional tariffs on automobiles, pharmaceuticals, and computer chips, pledging broader reciprocal tariffs to counter those placed on U.S. goods by other countries. This development heightened concerns over global trade tensions and posed a risk to Japan’s economy, putting pressure on the Japanese Yen while supporting the USD/JPY pair’s continued recovery. 🔆Bank of Japan Governor Kazuo Ueda reiterated earlier today that the central bank would conduct monetary policy appropriately to reach its 2% inflation target. Additionally, recent wage growth data and persistent inflationary pressures in Japan suggest the BoJ may consider another rate hike at its March meeting. 🔆Investors are now focusing on the upcoming release of U.S. consumer inflation data and Powell’s testimony before Congress, which could further influence the U.S. dollar and the USD/JPY exchange rate. Personal Opinion: 🔆Powell’s relatively hawkish comments on Tuesday dampened expectations of a significant narrowing in the U.S.-Japan interest rate gap. This led to capital outflows from the lower-yielding Japanese Yen, though speculation that the Bank of Japan may raise interest rates again kept bearish traders cautious. Many market participants may prefer to hold off on making strong bets on USD/JPY until the release of U.S. consumer inflation data later today. Plan: 🔆 Price Zone Setup: 👉Buy USD/JPY 153.20 -153.05 ❌SL: 152.60 | ✅TP: 153.70 – 154.20 – 154.8
Long
by FM-ForexMastermind
1
Bad CPI, Perfect Setup Opportunity for the S&P500Today’s CPI was really bad: 3% vs. 2.9%. Bad for markets, good for the Dollar, and everything got slapped - S&P 500 included. But honestly, moments like this are often where the magic happens. Zoom in, and you’ll notice that the Monday Low is still sitting there untouched. In a few minutes, the New York Stock Exchange opens. What am I hoping for? A sweep of that Low, followed by a quick reversal and a push to the upside. On the 1-hour chart, the RSI is already in oversold territory. A sell-off at the open would be the perfect entry, aiming for a 1:3 risk-reward ratio. If the market plays along, this could get real interesting real fast. 🔹 Asset: S&P 500 🔹 Timeframe: 1H 🔹 Entry: 5974.60 🔹 Stop: 5936.90 🔹 Target(s): 6085.86
FX:SPX500Long
by stromm
SBICARD – Descending Triangle Breakout 920 to 1100+ TargetSBICARD has been trading within a descending triangle pattern for an extended period, with lower highs and a strong horizontal support. This pattern is typically bearish but can lead to bullish breakouts when resistance is breached, as seen in this case. Breakout Confirmation & Key Levels Resistance Breakout: The stock has successfully broken above the descending trendline resistance, indicating a potential trend reversal. Buying Zone: Above ₹800 – A sustained move above this level confirms the breakout. Stop-Loss Level: Below ₹750 – Any close below this level could invalidate the bullish setup. Target Levels: Initial Target: ₹920+ Projected Target: ₹1100+ (based on pattern height projection)
NSE:SBICARDLong
by TradZoo
1
Riding the BNX Wave: Next Trade SetupsSince BNX surged an astounding +381% in just 3.5 days, it has rapidly reached a key high. However, the dramatic move on low volume has left the market in a tight range, raising questions about a potential correction. Let’s break down the current market structure and explore the key support and resistance levels, followed by specific trade setups. Looking Back: Market Structure & Trends BNX’s meteoric rise over a short period has captured attention, but such rapid gains often invite consolidation or a pullback. After hitting the key high, the price was tested and subsequently rejected, particularly on low volume. This rejection signals that the bullish drive may be exhausting, setting the stage for a possible downward correction. Since then, BNX has been trading in a narrow range, reflecting market indecision as traders await further direction. Key Support Zones & Confluences Primary Support Zone – Around $0.6: Moving Averages Confluence: The 21-period EMA and SMA on the 4-hour, weekly, and monthly charts are clustered between approximately $0.585 and $0.553. This convergence creates a robust support area where price is likely to find stability. Lower Timeframe Trend Insight: My beta indicator on the 15-minute chart, which marks the edge of the bullish trend, further reinforces this support level. Fibonacci Confluence: The 0.382 Fibonacci retracement sits at around $0.5426, lending additional support. The Fibonacci Speed Fan (0.5 level) aligns near $0.56, complementing the overall support picture. This confluence of technical factors makes the $0.6 zone a crucial area to monitor, as it represents a potential floor should the market trend lower. Resistance Levels & Confluences Key Resistance – The Recent High: Rapid Price Surge & Rejection: BNX’s swift ascent culminated in a key high that was subsequently tested and rejected. The rejection, especially on low volume, indicates that the upward momentum may be losing steam. Fibonacci Resistance: Notably, the price has also encountered the 0.382 Fibonacci retracement at $0.75, which acts as an additional layer of resistance. Psychological Resistance: The key high now serves as a significant resistance level, acting as a barrier that the price must overcome to resume its bullish trend. Potential Trade Setups Short Trade Setup Given the rejection at the key high and the low-volume consolidation, a breakdown from this level is anticipated. This scenario makes a short position attractive, as a failed test of the high could trigger further downward movement. Entry & Stop Loss (SL): Entry: Initiate a short position at the key high, followed by a rejection. Stop Loss: Place your stop loss just above the key high to mitigate risk. Target & Risk/Reward: Target: Aim for the primary support zone around $0.6, where multiple indicators converge. Risk-Reward Ratio: The setup targets a favourable risk/reward ratio of 3:1 or better, making it an appealing opportunity for traders. Long Trade Setup Despite the clear support confluence around the $0.6 area, entering a long position at this stage carries a less compelling risk/reward profile compared to the short trade. Entry & Stop Loss (SL): Entry: Consider a long entry if the price shows strength and decisively holds above the support zone. Stop Loss: Position the stop loss just below the support area to accommodate minor fluctuations. Target & Risk/Reward: Target: The target for a long setup would be the previous swing low. Risk-Reward Ratio: This trade offers a ratio in the range of 1:1 to 2.5:1, which is alright compared to the short setup.
Short
by SiDec
8
TSLA in Free Fall: How Low Will It Go ?Tesla is in free fall – and so far, there’s no sign of a turnaround. The 38.2% retracement zone has been hit, but let’s be honest: there’s no real bounce yet. Here’s why I expect the stock to drop further towards $360 – and how I’m positioning my entries. Since mid-December, NASDAQ:TSLA has been in a clear downtrend on lower time frames, with no serious buying momentum yet. My first entry is already set as a limit order just below current support. If sellers keep the pressure on, a second entry below the untouched VWAP could make sense – with a tight stop in case TSLA takes another dive. I’m staying on top of this and ready to adjust, but one thing’s for sure: The moment TSLA shows it’s done bleeding, it's going to send higher!
NASDAQ:TSLALong
by stromm
1
USD/JPY ---> Will the Bulls Recognize the False Breakout?Dear friends! Overall, USD/JPY, after hitting support and forming a false breakout below the local trend channel's lower boundary, the currency pair has resumed its upward movement, supported by the strengthening dollar at this time. Currently, the price has stabilized above the support level but remains below the 34 and 89 exponential moving averages (EMA). Fundamentally, the recent context has been unstable and depends more heavily on US economic data. People have long forgotten about interest rate growth in Japan and are focusing on economic data from the West. On the chart, the uptrend remains the primary trend, so we maintain a buying preference. If the pair can consolidate above 152.00, then in the short and medium term, we should expect prices to reach the targets as indicated on the chart. Best regards, Bentradegold!
Long
by Bentradegold
Short term bearish H1 - bears will continue to push price up⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The US Dollar climbs to its highest level in over a week as expectations grow that Trump's protectionist policies could drive inflation higher, pushing the Federal Reserve to maintain its hawkish stance and keep interest rates unchanged. A stronger USD, coupled with overbought conditions on the daily chart, leads to some profit-taking on XAU/USD as traders adjust positions ahead of Fed Chair Jerome Powell's congressional testimony. ⭐️ Personal comments NOVA: In the context of current world trade tensions, gold continues its upward trend, possibly above $3000 in February 2025. ⭐️ SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2929 - $2931 SL $2934 TP1: $2925 TP2: $2920 TP3: $2915 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
3
Coinbase Gap TradeI find Coinbase very interesting right now, especially since we’ve likely completed Wave 4 around the $240 level. Since then, price has been stuck in a sideways consolidation, following an unfilled breakout gap after Wave 4 ended. This gap is still open, and I believe there’s a strong chance we’ll at least partially close it. From a market cycle perspective, we’re currently in the accumulation phase, followed by the manipulation phase (red), and then the distribution phase (green). My plan is to target that distribution phase, aiming for the gap closure. I’m placing a limit order roughly in the middle of the gap, just above the Yearly Open, which I expect to act as support. The RSI is still low—not oversold yet—but there’s some room for more downside before the entry triggers. The limit order is set at around $259, with a target of at least $326, offering solid reward potential—exactly the kind of setup I’m looking for. 🔹 Asset: Coinbase 🔹 Timeframe: 1H 🔹 Entry: 259.36 🔹 Stop: 244.25 🔹 Target(s): TBA
NASDAQ:COINLong
by stromm
Tariffs - ATH - featured keyword with XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: On Monday, US President Donald Trump signed two proclamations reinstating 25% tariffs on metals and removing all previous exemptions on steel and aluminum tariffs from his 2016-2020 term. Additionally, Trump informed reporters that he plans to announce reciprocal tariffs on other countries within the next two days. This news boosted demand for safe-haven assets, pushing gold prices to a new record high during the Asian session on Tuesday. ⭐️ Personal comments NOVA: Asian session witnessed strong growth, gold price reached new ATH 2942, then showed signs of profit taking, still an uptrend today ⭐️ SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2957 - $2959 SL $2964 TP1: $2950 TP2: $2940 TP3: $2930 🔥 BUY GOLD zone: $2898 - $2900 SL $2895 Scalping TP1: $2905 TP2: $2910 TP3: $2915 🔥 BUY GOLD zone: $2888 - $2886 SL $2881 TP1: $2895 TP2: $2902 TP3: $2910 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
3
All eyes on Fed Chair Powell to testify before Congress todayGold News: 🔆All eyes are on the US CPI report and Fed Chair Jerome Powell’s speech to Congress this week 🔆Last week’s jobs report showed continued signs of recovery in the labor market. A surprisingly lower unemployment rate, higher wages and an upward revision to December employment suggest the US labor market is closing out 2024 on solid footing. 🔆Recent data suggest the labor market has regained momentum. This suggests that risks have eased, so the Federal Open Market Committee (FOMC) will likely wait to see how first-quarter inflation data and economic policy play out before making further moves on the federal funds rate 🔆The CPI report due on February 12 is also important news as it is the Fed's preferred measure of inflation to adjust interest rates accordingly Personal opinion: 🔆Fed Chairman Powell will likely act in a hawkish manner and not rush to cut interest rates while waiting to see if President Trump's tariff policies cause inflation to spike. 🔆However, the priority should be to assess the potential risks of tariffs on inflation and then monetary policy. Technical analysis: 🔆Based on Fibonacci combined with Resistance - Support Zones and Trend Lines Plan: 🔆Price Zone Setup: 👉Buy Gold 2888 -2886 ❌SL: 2881 | ✅TP: 2892 - 2900 – 2910 👉Sell Gold 2955 -2957 ❌SL: 2964 | ✅TP: 2950 - 2945 – 2935 Thank you for reading my comment: "FM"
OANDA:XAUUSDLong
by FM-ForexMastermind
1
Bitcoin's Next Move : Long Position Analysis!BINANCE:BTCUSDT : Potential Reversal Pattern After a significant downtrend, Bitcoin is showing signs of a potential reversal. The chart reveals a possible inverse head-and-shoulders pattern, which could indicate a bullish turnaround. Key Levels: - Resistance: $92,000 - Support: $107,000 Analysis: The RSI is approaching oversold territory, a bullish crossover we may see. If Bitcoin can break above the resistance level, we may see a significant price increase. Trade Idea: Place Long @ $95,000 or place long below $93,500, targeting $105,000. Stop loss at $88,000. Disclaimer: This is a high-risk trade idea. Always use proper risk management and consult with a financial advisor before making any trading decisions.
OANDA:BTCUSDLong
by LegendaryTom
XAUUSD Fresh demand to BUY Hello and good morning traders ! Today I'm sharing the idea about Gold, Gold is making new higher highs daily the last new high is @ 2942 we are looking for buy opportunity from new and fresh demand zone with a target of 2940 we are double bottom emerged we can see. we provide key points to watch out : Double bottom Emerged Target @ 2940 Adjust your SL As heikin ashi comes in buy we enter happy trading support me like and comment on this post and thank you 😘
OANDA:XAUUSDLong
by LegendaryTom
2