Bitcoin - Weekly Forecast - Technical Analysis & Trading Ideas!Midterm forecast:
73777.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
A trough is formed in daily chart at 78181.05 on 02/28/2025, so more gains to resistance(s) 98489.63, 101430.12, 105431.17 and more heights is expected.
BITSTAMP:BTCUSD
Take Profits:
94200.00
98489.63
101430.12
105431.17
109932.89
115000.00
120000.00
125000.00
130000.00
134142.91
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Longterm
GOLD(XAUUSD) -Weekly forecast,Technical Analysis & Trading Ideas💡 GOLD ( OANDA:XAUUSD )
💡 Daily Timeframe:
As forecasted last week, gold started its decline when it hit the red channel line.
This decline will continue, but the support area of 2789.95 to 2772.38 could trigger a rebound.
So, given the long-term uptrend, we can use this area as a long-term BUY ZONE.
💡 H4 Timeframe:
The uptrend is broken, and price is in an impulse wave.
The bearish wave is expected to continue as long as the price is below the strong resistance at 2893.51
💡 H1 Timeframe:
2879.11 support is broken now. It will act as a Resistance now!
Forecast:
Correction wave toward the Sell Zone
Another Downward Impulse wave toward Lower TPs
SL: Above 2893.51
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USD/CHF Trend This Week - UptrendUSD/CHF news:
🔆The USD/CHF pair continued its upward momentum, reaching 0.9000 in early European trading on Thursday. However, it is now showing signs of a potential pullback as the 1-hour RSI approached the overbought threshold of 80.
🔆On Thursday, data revealed that the second estimate for the US Gross Domestic Product (GDP) in Q4 2024 remained unchanged from the initial forecast, reflecting an annualized growth of 2.3%. Meanwhile, US jobless claims rose by 22,000 to 242,000 for the week ending February 22, marking the highest level in three months.
🔆Given this backdrop, the US Dollar is likely to maintain its strength across the board, keeping downward pressure on USD-denominated commodities. Additionally, Switzerland’s latest Retail Sales y/y data came in at 1.3%, falling short of the expected 1.6%, which could signal bearish sentiment for the Swiss Franc.
Personal opinion:
🔆The USD/CHF pair is still in an uptrend, however, the RSI (1H) of USD/CHF and DXU both signaled divergence after entering the overbought zone. So in the short term, there will be a slight pullback and then an increase for this pair.
Analysis:
🔆Based on the resistance - support levels and important Fibonacci levels combined with SMA200 to come up with a reasonable strategy.
Plan:
🔆 Price Zone Setup:
👉Buy USD/CHF 0.8980 – 0.8990
❌SL: 0.8950 | ✅TP: 0.9025 – 0.9050 – 0.9090
FM wishes you a successful trading day 💰💰💰
EUR/USD Trend Today Trading Day🔔🔔🔔EUR/USD news:
👉Trump confirmed that tariffs on Canada and Mexico will take effect starting Tuesday and revealed plans to double the 10% universal tariff on Chinese imports. This move increases the likelihood of a global trade war, boosting demand for gold as a safe-haven asset.
👉Meanwhile, traders continue to anticipate that the Federal Reserve (Fed) will implement two quarter-point interest rate cuts by the end of the year due to weakening consumer sentiment. As a result, the US Dollar (USD) struggles to extend its three-day rebound from a more than two-month low.
👉At the same time, the Euro (EUR) strengthens as Europe intensifies its diplomatic efforts to achieve peace in Ukraine. This puts additional pressure on the USD while further supporting gold prices, which are denominated in US Dollars.
Personal opinion:
👉At the time of writing, EUR/USD is priced at 1.0400. It is expected that there will be a slight recovery because the RSI (1H) indicator is in the sell zone and will bounce at 1.0360 to maintain the medium-term uptrend.
Analysis:
👉Based on important resistance - support levels combined with trend lines to come up with a suitable strategy
Plan:
🔆 Price Zone Setup:
👉Buy EUR/USD 1.0365 – 1.0355
❌SL: 1.0310 | ✅TP: 1.0410 – 1.0450 – 1.0490
FM wishes you a successful trading day 💰💰💰
USD/CAD Trend During US Trading SessionUSD/CAD news:
🔆USD/CAD rallied yesterday as Trump outlined clear tariffs including those on Canada and Mexico from March 4
🔆DXY maintained its third consecutive day of gains after the US Q/Q GDP was released as expected, indicating that the US economy remains solid after the tariff preparations
🔆However, on the technical side, the RSI (1H) indicator after entering the overbought zone has shown signs of divergence against the pair, so there will be a short-term correction before the main uptrend continues
Personal opinion:
🔆USD/CAD still maintains a strong upward momentum after the latest economic and financial news - the latest tariff policy has more influence on the strength of CAD.
Analysis:
🔆Based on important resistance - support and Fibonacci levels combined with EMA34 to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy USD/CAD 1.4420 – 1.4410
❌SL: 1.4390 | ✅TP: 1.4460 – 1.4500 – 1.4540
FM wishes you a successful trading day 💰💰💰
USD/JPY Trend Today - Maintaining UptrendUSD/JPY news:
🔆The US dollar (USD) strengthened alongside rising US Treasury yields, with the US Dollar Index (DXY), which tracks the greenback against six major currencies, reaching 107.30. Meanwhile, the yield on the benchmark 10-year US Treasury note peaked at 1.17% for the day.
🔆In recent developments, US President Donald Trump has initiated an investigation into potential tariffs on copper imports to boost domestic production of this essential metal. Additionally, he reaffirmed that tariffs on Canada and Mexico will be implemented after the current one-month delay period ends next week.
🔆The Bank of Japan (BoJ) is expected to raise interest rates from 0.50% to 0.75% this year. According to Bloomberg, overnight index swaps indicate full pricing of a rate hike by September, with a 50% probability of an earlier move as soon as June.
🔆On the economic front, Japan's Tokyo Core CPI y/y came in at 2.2%, slightly below the expected 2.3%. Preliminary Industrial Production m/m declined by 1.1%, missing forecasts of a 1.0% drop. Meanwhile, Retail Sales y/y matched expectations at 3.9%.
Personal Opinion:
🔆In the short term, USD/JPY is likely to strengthen due to the continued strength of the US dollar, combined with weak economic data from Japan.
Analysis:
🔆Based on the trend line and important resistance - support levels to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 149.80 – 149.60
❌SL: 149.30 | ✅TP: 150.30– 150.80 – 151.20
FM wishes you a successful trading day 💰💰💰
Gold Trend February 28 - Maintain DowntrendGold news:
🔆The US confirmed that the annualized Q4 Gross Domestic Product (GDP) grew by 2.3% in its second estimate. However, the quarterly Personal Consumption Expenditures (PCE) Prices were revised upwards to 2.4% from the initial 2.3%, while Core PCE Prices saw an even sharper increase to 2.7% from the previous 2.5%.
🔆Meanwhile, Initial Jobless Claims rose significantly to 242K in the week ending February 22, surpassing market expectations of 221K. Durable Goods Orders outperformed forecasts, rising 3.1% in January compared to the anticipated 2%. In contrast, Pending Home Sales dropped by 4.6% in the same month, a much steeper decline than the expected -1.3%.
🔆However, market fears were primarily driven by US President Donald Trump. After initially stating that tariffs on Canada and Mexico would begin in April, he later corrected himself, confirming they would take effect on March 4 as originally planned. Additionally, he announced a new 10% tariff on China starting the same day and revealed that reciprocal tariffs would be implemented on April 2.
🔆Looking ahead, the US is set to release the January PCE Price Index on Friday, which is the Federal Reserve’s preferred inflation measure. Projections suggest a 0.3% monthly increase and a 2.5% rise year-over-year.
Personal opinion:
🔆Gold will continue to decline in the short term, starting to increase in March when Trump's tariff policies are about to take effect.
However, there will be a price increase at the beginning of the Asian session and then a short-term downtrend. After RSI (1H) confirms signs of convergence and the (4H) frame enters the oversold zone
Analysis:
🔆Based on important resistance - support zones and Fibonacci combined with EMA200 to come up with a reasonable strategy
Plan
🔆 Price Zone Setup:
👉Buy Gold 2862 – 2860 (Asian and European scalping)
❌SL: 2855 | ✅TP: 2866– 2872 – 2880
👉Sell Gold 2889 – 2892 (Asian and European scalping)
❌SL: 2895 | ✅TP: 2875– 2870 – 2860
👉Sell Gold 2842 – 2840
❌SL: 2977| ✅TP: 2965– 2960 – 2950
FM wishes you a successful trading day 💰💰💰
NZDJPY - Shifting Trends Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉NZDJPY has been overall bearish , trading within the falling channel marked in red.
However, it is currently retesting the lower bound of the channel which lines up perfectly with the support zone marked in blue.
📈As per my trading style , as long as the support zone holds, I will be looking for buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZD/USD pair trend this weekNZD/USD news:
🔆The US House of Representatives has approved President Donald Trump’s $4.5 trillion tax cut plan, which aims to overhaul the tax system, stimulate economic growth, and ease regulations to foster a more business-friendly environment. This has contributed to a strong rebound in the US dollar.
🔆Additionally, investors anticipate that Trump’s tax policies could drive inflation higher, potentially compelling the Federal Reserve to maintain a tight monetary policy stance.
🔆In Asia, US 10-year bond yields increased by 0.5%, further supporting the greenback.
🔆Meanwhile, the New Zealand dollar has weakened since Friday, following the Reserve Bank of New Zealand’s (RBNZ) February 19 policy decision to cut the official cash rate by 50 basis points to 3.75%, as expected. This rate cut has made the NZD less appealing compared to the USD.
Personal opinion:
🔆The NZD/USD pair still maintains the current downtrend. The USD has more room to increase compared to the underperformance of the NZD.
Analysis:
🔆Based on fundamental information combined with important resistance - support levels and trend lines to come up with a suitable
plan
🔆 Price Zone Setup:
👉Buy NZD/USD 0.5690 - 0.5700
❌SL: 0.5740 | ✅TP: 0.5660 – 0.5600 – 0.5550
FM wishes you a successful trading day 💰💰💰
GBPUSD - double bottom formation, recovery upGBP/USD news:
🔆GBP/USD edged higher on Tuesday, pushing Cable towards the upper range of its recent consolidation and maintaining support near the 200-day Exponential Moving Average (EMA).
Meanwhile, US consumer sentiment declined in February, intensifying worries about an economic slowdown. Additionally, US President Donald Trump reiterated his plan to enforce hefty import tariffs, aiming to pressure the country's key trading partners amid ongoing trade war.
Personal opinion:
🔆Sideways price zone, GBP is about to be pressured by the rising dollar, short-term price increase
Technical analysis:
🔆H1 frame forms a double bottom pattern and recovers in the short term
Plan:
🔆Price Zone Setup:
👉BUY GBP/USD 1.26500 – 1.26400
❌SL: 1.26100 | ✅TP: 1.26800 – 1.27100 – 1.27500
FM wishes you a successful trading day 💰💰💰
GBPUSD Daily, H4,H1 Forecasts, Technical Analysis & Trading Idea💡 Daily Timeframe:
FX:GBPUSD has been in a Range Bound recently. It touched and rejected from 1.2700 major resistance today.
A peak is formed in daily chart at 1.27150 on 02/26/2025, so more losses to support(s) 1.25107, 1.23609, 1.22589 and minimum to Major Support (1.20981) is expected.
💡 Four-hour Timeframe:
The uptrend is broken, and price is in an impulse wave.
The bearish wave is expected to continue as long as the price is below the strong resistance at 1.2715
💡 One-hour Timeframe:
1.2640 support is broken now. It will act as a Resistance now!
A strong bearish divergence has also formed in the RSI.
Forecast:
Correction wave toward the Sell Zone
Another Downward Impulse wave toward Lower TPs
SL: Above 1.2715
EURUSD -Weekly forecast, Technical Analysis & Trading Ideas💡 Daily Timeframe:
EURUSD has been in a Range Bound recently. It touched and reject from 1.0528 major resistance today.
A peak is formed in daily chart at 1.05285 on 02/26/2025, so more losses to support(s) 1.03570, 1.02920 and minimum to Major Support (1.01779) is expected.
💡 Four-hour Timeframe:
The uptrend is broken, and price is in an impulse wave.
The bearish wave is expected to continue as long as the price is below the strong resistance at 1.0528
A strong bearish divergence has also formed in the RSI.
💡 One-hour Timeframe:
1.0457 support is broken now. It will act as a Resistance now!
Forecast:
1- Correction wave toward the Sell Zone
2- Another Downward Impulse wave toward Lower TPs
SL: Above 1.0528
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On a Different SKALE: SKL Analysis!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈SKL has been in a correction phase trading within the falling red wedge pattern and it is currently retesting the lower bound of it.
Moreover, the green zone is a strong support.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #SKL is around the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD Trend in European and US SessionsEUR/USD news:
🔆Weakening U.S. economic data weighed on the U.S. dollar, as the Conference Board’s consumer confidence index dropped by 7 points in February to 98.3, marking its third consecutive decline, according to Tuesday’s data release.
🔆Meanwhile, Richmond Federal Reserve President Thomas Barkin projected another decrease in Personal Consumption Expenditure (PCE) inflation later this week, acknowledging the Fed’s progress in curbing inflation. Despite his positive outlook, Barkin stressed the importance of a cautious "wait and see" approach due to ongoing policy uncertainties.
🔆The EUR/USD pair strengthened as the Euro found support from rising optimism over potential fiscal expansion in Germany. Reports suggest that the country is considering a €200 billion emergency defense fund, fueling investor confidence.
🔆Additionally, Frederich Merz, leader of the Christian Democratic Union (CDU) and Germany’s incoming chancellor, has not dismissed the possibility of modifying the debt brake to finance crucial initiatives such as tax cuts, reduced energy costs, and increased military spending, further boosting sentiment around the Euro.
Personal opinion:
🔆EUR/USD is still maintaining its upward momentum based on good news from Europe. There will be a slight pullback due to the increase in the US 10-year bond yield but this is an opportunity to buy at a cheaper price than the market
Analysis:
Based on important resistance - support zones and Fibonacci levels combined with SMA50 to come up with a suitable strategy
Plan:
🔆 Price Zone Setup:
👉Buy EURUSD 1.0470 – 1.0450
❌SL: 1.0420 | ✅TP: 1.0520 – 1.0560 – 1.0600
FM wishes you a successful trading day 💰💰💰
Weekly & Monthly Closing on a Positive Note is Important.Immediate Support is around 355 - 357,
if this level is Sustained on Monthly basis,
we may witness further upside around 400.
However, the monthly candle is not yet closed.
Weekly candle closing above 357 - 360 may confirm
a Morning Star Formation which will be a Positive Sign.
Strong Resistance is around 400 - 415.
Crossing & Sustaining 490, may lead it towards 600.
GOLD Daily, H4, H1 Forecasts, Technical Analysis & Trading IdeasDaily Timeframe:
TVC:GOLD has been rising rapidly recently but has almost stopped since February 11, when it hit its uptrend channel line.
With the RSI hitting resistance at 77 and showing signs of falling, there is a high probability that a corrective wave is about to begin.
Four-hour Timeframe:
A rising wedge pattern has formed in the price.
As long as the price does not break the resistance at 2955 and the red line of the rising wedge continues upwards, a downward wave is expected to begin.
A strong bearish divergence has also formed in the RSI.
One-hour Timeframe:
A head and shoulders pattern is forming.
If the price can break the neckline downward and the blue trend line of the rising wedge is also broken, the probability of a downward wave will be very high.
GBP/USD Strategy for European and American Trading SessionsGBP/USD news:
🔆GBP/USD eased after hitting a two-month high of 1.2674 on Friday, hovering around 1.2670 in Asian trade. However, the pair maintained its strength as the US dollar remained under pressure due to weak jobless claims data and mixed signals from the Federal Reserve.
🔆Minutes of the Fed's January policy meeting showed that some policymakers viewed potential changes in trade and immigration policies as obstacles to deflation, putting pressure on the dollar.
🔆During the Asian session, the yield on the 10-year US Treasury note fell below 4.5%, reducing demand for the dollar and allowing GBP/USD to rise.
🔆As the European session begins on Friday, the UK Office for National Statistics will release January retail sales data.
Personal opinion:
🔆Good economic news for the Pound continues to maintain the strength of GBP. In contrast to the bad news from Trump's tariff policy, the dollar has weakened. However, FM believes that there will be a pullback phase as the RSI is diverging after entering the overbought zone earlier. GBP will consolidate and rise again.
Technical analysis:
🔆Based on important resistance - support and Fibonacci levels combined with economic information to come up with appropriate strategies.
Plan:
🔆 Price Zone Setup:
👉BUY GBP/USD 1.2620 – 1.2635
❌SL: 1.2575 | ✅TP: 1.2670 – 1.2720 – 1.2800
FM wishes you a successful trading day 💰💰💰
Gold prices continued to rise at the beginning of the weekGold news:
🔆Gold prices remain in a bullish consolidation phase just below record highs early Monday. A rebound in US Treasury yields counterbalances the decline in the US dollar, keeping gold within a familiar trading range.
🔆However, the downside for gold is cushioned by broad weakness in the US dollar, driven by the euro’s rally following the German election results.
🔆The precious metal may also find support from growing expectations that the US Federal Reserve (Fed) will implement two interest rate cuts this year. This sentiment was reinforced by the US Composite Flash PMI Output Index, which dropped from 52.7 in January to 50.4, marking a 17-month low. The decline has fueled concerns about the US economic outlook amid trade policy uncertainties and potential inflationary risks.
🔆Looking ahead, investors will focus on the upcoming US-Russia meeting, potential new tariff threats from President Trump, and key US economic data releases this week for fresh direction in gold prices.
Personal opinion:
🔆Gold will maintain the uptrend to retest the old ATH zone of 2955. Then there will be a new ATH level at 2970.
Technical analysis:
🔆Based on support - resistance levels and important Fibonacci levels combined with trend lines to come up with a suitable strategy
Plan:
🔆 Price Zone Setup:
👉Buy Gold 2919 – 2921
❌SL: 2914 | ✅TP: 2925– 2931 – 2945
👉Buy Gold 2932 – 2929(European session)
❌SL: 2924 | ✅TP: 2937– 2945 – 2954
👉Sell Gold 2969 – 2971
❌SL: 2976| ✅TP: 2965– 2960 – 2950
FM wishes you a successful trading day 💰💰💰
EUR/USD Trend and Trading Strategy for the Beginning of the WeekEUR/USD news:
🔆The EUR/USD pair gains positive momentum at the start of the new week, reaching a near one-month high around the 1.0525-1.0530 range during the Asian session, driven by renewed selling pressure on the US dollar (USD).
🔆Heading into the weekend, the USD struggled following weaker-than-expected economic data, including the final Michigan Confidence Index, Home Sales, and the US S&P Services PMI, which recorded its first contraction in 25 months.
🔆Additionally, the conservative party’s victory in the German election strengthens the euro, providing further support to the pair.
Personal opinion:
🔆EUR/USD will continue to increase due to positive news from the EU. And the weakness of the USD is inevitable when the uncertainties about tariffs and the instability of the US federal bureaucracy are still complicated
Technical analysis:
🔆Based on important resistance - support and Fibonacci levels combined with trend lines to come up with a reasonable strategy
Plan:
🔆 Price Zone Setup:
👉Buy EUR/USD 1.050x– 1.048x
❌SL: 1.0430 | ✅TP: 1.0550– 1.0600 – 1.0650
FM wishes you a successful trading day 💰💰💰
NZD/USD Main Trend Next Week – BullishNZD/USD news:
🔆BBH FX analysts report that Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway has reaffirmed the bank’s policy stance. His comments did not have much impact on the NZD, as he pointed out that the RBNZ’s updated Official Cash Rate (OCR) forecasts show a total of 75 basis points of rate cuts over the next year.
🔆However, he stressed that lowering the OCR below the neutral level (around 3%) is not the bank’s primary expectation. Conway also noted that the depreciation of the New Zealand dollar is contributing to an expected economic recovery in late 2024 or 2025.
🔆The weaker NZD has helped boost exports and reduce the country’s merchandise trade deficit, which narrowed to a more than three-year low of -NZ$7.2 billion in January from -NZ$7.8 billion in December.
🔆Investors, meanwhile, are closely watching New Zealand’s quarterly retail sales data, a key indicator of consumer spending that tends to have a big impact on markets;
Personal opinion:
🔆The NZD remains in an uptrend, outperforming the US Dollar as US President D. Trump's increasingly unpredictable tariff policies keep investors on edge.
Technical analysis:
🔆The NZD/USD pair is in a bearish phase and is expected to recover after finding strong support from the SMA50 and the rising trend line. Combine with important Fibonacci levels to come up with a suitable strategy.
Plan:
🔆 Price Zone Setup:
👉Buy NZD/USD 0.5730 – 0.5700
❌SL: 0.5660 | ✅TP: 0.5770 – 0.5800 – 0.5880
FM wishes you a successful trading day 💰💰💰
EUR/USD Trend During US Trading Session – Down Then UpEUR/USD news:
🔆EUR/USD remains under pressure near the 1.0500 mark in early European trading on Friday, weighed down by a broad recovery in the US Dollar. Traders are adopting a cautious approach, avoiding new positions on the pair ahead of the release of preliminary PMI reports for both the Eurozone and the US.
🔆Later in the day, S&P Global will release the US Manufacturing and Services PMI data. If the Services PMI surpasses the market forecast of 53, the USD could gain further strength in response.
🔆Additionally, Germany is preparing for its general election to the Bundestag, the lower house of parliament, on February 23. As a result, investors may look to secure profits toward the end of the European session, potentially pushing EUR/USD lower.
Personal opinion:
🔆EUR/USD pair will have a pullback after touching the trend line (4H), besides the market will wait for US PMI so there will be little further breakout.
Technical analysis:
🔆Based on resistance - support zones and important Fibonacci levels combined with trend lines to come up with a suitable strategy.
Plan:
🔆 Price Zone Setup:
👉Sell EUR/USD 1.0490 – 1.0510
❌SL: 1.0560 | ✅TP: 1.0450– 1.0400 – 1.0334
FM wishes you a successful trading day 💰💰💰