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MSTR - MicroStrategy : Long Strategy This stock Microstrategy Inc is showing some good recovery price action here on the 1Hr chart. It is a triple bottom and this is strong market structure, typical of a reversal sequence The neckline is about 314 which will soon be taken. The chart has a very popular indicator FBB, Fibonacci Bollinger Bands. The middle line is derived from volume moving averages. It is also bullish on the daily and weekly. Fundamentals are good, I did hear they burnt through stacks of cash but this was for inventories. Future is bright for this techy and its these companies, Nvidia, Apple, Google etc that lead the markets bullish out of corrections.
EIGHTCAP:MSTRLong
by Easy_Explosive_Trading
EUR/USDd Trend This Week – Bearish?🔔🔔🔔 EUR/USD news: 👉The US Dollar (Greenback) strengthens as President Donald Trump's steel and aluminum tariffs take effect on Wednesday. The White House confirmed that a 25% tariff on all imported steel and aluminum will be implemented as planned, affecting key US allies and top suppliers, including Canada and Mexico. 👉Additionally, increasing speculation that the European Central Bank (ECB) will cut interest rates twice more by summer could put pressure on the Euro against the USD. Traders have already factored in two additional rate cuts, driven by strong confidence that Eurozone inflation will steadily return to the 2% target this year. Personal opinion: 👉DXY bounces sharply after falling to a multi-week low 👉EUR/USD RSI (4H) shows signs of divergence 👉Europe is caught in a trade war with the US despite the two sides being trade allies, which will weaken the EUR more than the USD ➡️➡️➡️Indicating the possibility that EUR/USD will decline in the near future Analysis: 👉Based on important resistance - support levels combined with pivot points standard and SMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell EUR/USD 1.1000 - 1.1010 ❌SL: 1.1050 | ✅TP: 1.0940 - 1.0880 - 1.0800 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
AUD/USD Upcoming Trend – Bearish🔔🔔 AUD/USD news: 👉The AUD/USD pair experienced a sharp decline to around 0.6280 during North American trading hours on Thursday. The Australian Dollar faced significant selling pressure as the US Dollar strengthened amid a cautious market atmosphere. Investors shifted towards safe-haven assets due to concerns that US President Donald Trump’s "America First" policies could lead to a global economic slowdown. 👉The US Dollar Index (DXY), which measures the Greenback’s value against six major currencies, surged to nearly 104.00, rebounding from a four-month low of 103.20 recorded on Tuesday. 👉 Meanwhile, weak market sentiment has reduced the appeal of the Australian Dollar. The outlook for the Aussie remains uncertain, particularly after the US imposed 20% tariffs on China. Given Australia’s heavy reliance on exports to China, the AUD often reflects the state of the Chinese economy. Personal opinion: 👉In the current risky environment, AUD is not a good choice for investors, so AUD/USD will decrease in the near future Analysis 👉Technically, RSI (1H) is still in the sell zone. The 3 SMA lines are showing signs of converging at 1 point, signaling a strong momentum is about to happen. The price has broken down from the trend line. All of this leads to the possibility that the price will decrease in the near future 🔆 Resistance level: 0.6330 0.6355 🔆 Support level: 0.6284 0.6200 Plan: 🔆 Price Zone Setup: 👉Sell AUD/USD 0.6290 – 0.6300 ❌SL: 0.6340 | ✅TP: 0.6250 – 0.6205 – 0.6160 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
USD/CAD Trend in US Session Today🔔🔔🔔 USD/CAD news: 👉DXY is currently at 103.4, its lowest since November 5, 2024. A break of this level could see DXY fall further. The pair has been losing ground as the US dollar struggles amid concerns that tariff uncertainty could push the US economy into recession. 👉The RSI (1H) is currently entering extreme overbought territory and shows no signs of stopping. 👉The US 10-year bond yield is also down 0.21%, further weighing on the US dollar. 👉On the other hand, CIBC analysts expect the Canadian central bank to cut 25 bps on Wednesday, lowering its benchmark rate to 2.75%, with more cuts to follow this year if trade uncertainty persists. The rising bets of further BoC rate reductions could undermine the CAD and help limit the pair’s losses. Personal opinion: 👉DXY's RSI (1H) enters the overbought zone, so watch this area closely. Moreover, 103.3 is a strong support zone, so there may be signs of a reversal in the short term Analysis: 👉Based on important resistance - support levels and Fibonacci combined with trend lines to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy USD/CAD 1.4410 - 1.4400 ❌SL: 1.4370 | ✅TP: 1.4450 - 1.4490 - 1.4550 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
USD/JPY Upcoming Trend – Will It Continue Falling?🔔🔔🔔 USD/JPY news: 👉The Japanese Yen (JPY) maintains its upward momentum against a broadly weaker US Dollar (USD) during the early European session on Monday, driven by expectations of further interest rate hikes from the BoJ. Market participants are increasingly convinced that the BoJ will tighten its policy again, a sentiment reinforced by data released earlier today showing a 1.8% decline in real cash earnings due to persistent inflation. Additionally, strong wage growth from last year is expected to continue, further supporting the case for policy tightening. This has led to rising Japanese government bond (JGB) yields, narrowing the rate gap between Japan and other economies, which in turn strengthens the JPY. 👉Meanwhile, lingering concerns over the potential economic impact of US President Donald Trump's trade policies and a possible global trade war continue to boost the JPY's appeal as a safe-haven asset. 👉On the other hand, the USD remains under pressure, hovering near its lowest level since November, following Friday's weaker US jobs report. The disappointing data has fueled speculation that the Federal Reserve (Fed) will implement multiple rate cuts this year, further weakening the USD and weighing on the USD/JPY pair. Given this backdrop, the overall market sentiment favors JPY bulls, suggesting that the currency pair is likely to trend lower in the near term. Personal opinion: 👉USD/JPY will continue to decline after disappointing economic data for the USD 👉Technically, in the short term, the USD is recovering slightly when it touches a strong support level - the lowest level since November 5, 2024. However, this upward recovery will not last long. Analysis: 👉Based on important resistance - support zones combined with trend lines and SMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell USD/JPY 147.40 - 147.50 ❌SL: 147.90 | ✅TP: 147.00 – 146.60 – 146.20 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
2
USD/CHF Trading Trend Today - Is the Downtrend Continuing?🔔🔔🔔 USD/CHF news: 👉The February labor market report in the US closely matched expectations, with job growth reaching 151K (forecast: +160K, previous: +143K). Despite the recent layoff of 30,000 public sector workers and a decline in labor supply due to stricter immigration policies set for this summer, employment gains remain solid. The unemployment rate inched up to 4.1% in February from 4.0% in January. Overall, the report did not indicate immediate risks of recession or economic overheating, although other indicators have recently suggested a gradual softening of the US economy. 👉On the geopolitical front, Trump has proposed the possibility of imposing significant new US sanctions and tariffs on Russia to push for peace negotiations regarding Ukraine. Meanwhile, US and Ukrainian officials are set to meet in Saudi Arabia this week, with hopes that these discussions will yield better results than President Zelenskyy's recent visit to the White House, which led to the US halting military aid and intelligence support for Kyiv. Personal opinion: 👉In the long term, President Trump's tariff policy still poses many risks and has a negative impact on the USD 👉Technically, the RSI indicator in most frames has entered the oversold zone and is showing signs of convergence. This signals a short-term upward correction for this currency pair 👉At the same time, DXY is also recovering in an upward direction after meeting a strong support level today Analysis: 👉Based on SMA and important resistance - support levels combined with pivot points standard to come up with a suitable strategy 🔆 Price Zone Setup: 👉Sell USD/CHF 0.8860 - 0.8870 ❌SL: 0.8905 | ✅TP: 0.8820 - 0.8780 - 0.8740 - 0.8700 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
btc buy shortterm"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle
USD/CHF trend todayUSD/CHF news: 👉The USD/CHF pair continues its recovery from the mid-0.8800s—its lowest level since December 12—gaining upward momentum for the second consecutive day on Thursday. During the Asian session, spot prices climb back above the 0.8900 level, although the upward movement remains limited due to ongoing bearish sentiment surrounding the US Dollar (USD). 👉The US Dollar Index (DXY), which measures the USD against a basket of major currencies, has dropped to a four-month low amid growing expectations that the Federal Reserve (Fed) will implement multiple interest rate cuts this year. These expectations were reinforced by Wednesday's weak ADP report, which revealed that private-sector employers added only 77K jobs in February. Additionally, concerns persist that trade tariffs imposed by US President Donald Trump could significantly slow the US economy, further weighing on the dollar. 👉However, a notable rebound in US Treasury bond yields helps further curb USD declines. Additionally, the risk-on sentiment in equity markets weakens demand for the safe-haven Swiss Franc (CHF), offering some support to the USD/CHF pair. Nonetheless, traders may wait for stronger buying momentum before confirming a near-term bottom and anticipating further gains. Many may also remain cautious ahead of Friday’s release of the US Nonfarm Payrolls (NFP) report. Personal opinion: 👉USD/CHF will reverse lower after the bullish momentum gradually weakens and is replaced by less positive economic news for the USD. Analysis: 👉Rely on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell USD/CHF 0.8920 – 0.8930 ❌SL: 0.88960 | ✅TP: 0.8860 – 0.8820 – 0.8770 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
Will EUR/USD continue to rise or reverse to the downside?🔔🔔🔔 EUR/USD new: 👉The EUR/USD surged 1.75% on Wednesday, approaching the 1.0800 level as market sentiment improved following another shift in U.S. President Donald Trump's trade policy. Trump has once again eased off his previous stance of imposing heavy tariffs on imports, a strategy he had used to retaliate against perceived unfair treatment by other nations. 👉Meanwhile, the European Central Bank (ECB) is expected to cut interest rates by 25 basis points (bps) on Thursday, lowering the Main Refinancing Operations Rate to 2.65% and the Deposit Facility Rate to 2.5%. Despite sluggish and uneven economic growth in the Eurozone during the first quarter, traders have reduced their expectations for further ECB rate cuts in 2025, as inflation remains more persistent than policymakers initially anticipated. The market now predicts fewer than 70 bps in additional rate reductions for the rest of the year. 👉In the U.S., the ADP Employment Change for February showed only 77K new jobs, well below the 140K forecast and March’s 186K figure. However, since a reporting methodology change in 2022, ADP data has had little correlation with Nonfarm Payrolls (NFP), suggesting that the weak figures may not have a significant impact. Personal opinion: 👉EUR/USD increased by 4% in 3 days so it is dangerous to continue buying 👉Technically, RSI in many time frames is in the extreme zone and there are signs of RSI divergence - This is a forecast for a short-term downtrend. 👉If EUR/USD breaks the trend line and retests this area, consider buying at 1.0800 Analysis: 👉Based on the trend line and RSI combined with resistance - support levels and SMA Plan: 🔆 Price Zone Setup: 👉Sell EUR/USD 1.0800 – 1.0820 ❌SL: 1.0860 | ✅TP: 1.0750 – 1.0700 – 1.0600 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
2
USD/JPY Trend Today - Further Downward?🔔🔔🔔 USD/JPY news: 👉The USD/JPY pair continues its downward trend for the second consecutive day, edging closer to the multi-month low reached last week following Trump's warning to Japan about the weak yen. Additionally, rising expectations of further interest rate hikes by the Bank of Japan (BoJ) and a broader risk-off sentiment are bolstering demand for the safe-haven JPY. 👉Market consensus is strengthening around the likelihood of the BoJ tightening its monetary policy further, supporting elevated Japanese government bond (JGB) yields and reinforcing the yen’s strength. 👉As Tuesday’s Asian session begins, USD/JPY remains steady after Monday’s 0.74% decline. Weak US economic data, along with the imposition of tariffs on Mexico, Canada, and China starting March 4, keep the US dollar under pressure against most G7 currencies. The pair is currently trading at 148.85. Personal opinion: 👉Momentum is still tilted to the downside, as described by RSI (2H) about to enter the overbought zone. Be careful with this because there may be a reversal to the upside, before continuing the downtrend. So watch the price well to enter a Sell order Analysis: 👉Based on important resistance - support levels combined with trend lines and SMA to come up with a suitable strategy. Plan: 🔆 Price Zone Setup: 👉Buy USD/JPY 149.85 – 150.00 ❌SL: 150.5 | ✅TP: 149.30 – 148.70 – 1.47.50 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
SWING IDEA - SAILSAIL Stock Technical Analysis Steel Authority of India Limited ( NSE:SAIL ) has been consolidating around the 95 resistance level for over a year. After multiple attempts, the stock finally broke out above this level in January 2024, turning it into a strong support zone. Following the breakout, SAIL surged to a peak of 175, marking an 85% gain. However, the stock then saw a sharp retracement, correcting by nearly 47% and revisiting the rising trendline support around the 100-105 range. This level, which previously acted as resistance, has now become a critical demand zone. Currently, SAIL is showing signs of renewed bullish momentum, bouncing off its trendline support and forming a potential reversal. The weekly MACD crossover, observed in the chart, further reinforces a trend reversal signal. Additionally, a short-term upside target of 12% is indicated, while a long-term potential target of 76% upside is visible in the chart, aligning with the previous swing high. The chart also highlights three take-profit targets: Target 1: The first profit-taking zone, offering an initial opportunity to secure gains. Target 2: A mid-level profit-taking zone, aligning with previous consolidation areas. Target 3: The final take-profit level around 175, marking the prior high and a potential full exit point for long-term investors. KEY OBSERVATIONS: One-year resistance of 95 was decisively broken in January 2024 Stock surged 85% to a high of 175 before correcting 47% 100-105 level now acts as a strong rising trendline support Weekly MACD crossover signals a bullish momentum shift Three take-profit targets identified, with the final target at 175 Potential upside target of 76% from support levels, aligning with previous highs RECOMMENDATION: Based on this technical analysis, holding SAIL for the long term could be a strong strategy. The potential returns include: 12% upside in the short term 76% upside from current levels, targeting previous highs around 175 This analysis presents a compelling buying opportunity in SAIL, fueled by its breakout, support validation, and momentum reversal. IMPORTANT NOTE: Investors should be aware that there is a chance the stock may retest the 100-105 support level before resuming its upward trajectory. This potential pullback should be carefully monitored, and investment strategies should be adjusted accordingly. DISCLAIMER: This analysis is for educational and informational purposes only and should not be considered as financial advice. Technical indicators and historical data are not guarantees of future performance. Investors should conduct thorough research, assess risk tolerance, and consult a financial advisor before making any investment decisions.
NSE:SAILLong
by thepranam
NZD/USD Trend Today - Further Downward?NZD/USD news: 👉The New Zealand dollar (NZD) is losing ground against the US dollar (USD) amid growing concerns over the escalating trade conflict between the United States and China, the world’s two largest economies. 👉On the USD side, weaker-than-expected US economic data on the manufacturing sector, released on Monday, could limit the greenback’s gains and provide some support to the pair. The US ISM Manufacturing Purchasing Managers’ Index (PMI) fell to 50.3 in February from 50.9 previously, missing the market forecast of 50.5. 👉Looking ahead, the NZD could continue to face downward pressure in the long term. Personal opinion: 👉NZD/USD is forming a Bearish Pennant pattern, which is likely to remain oversold. Therefore, consider a reasonable decision to place a Sell order Analysis: 👉Based on the price action and the importance of the fibo combined with SMA to come up with a suitable strategy Plan: 🔆 Set up the price zone: 👉Sell NZD/USD 0.5630 – 0.5640 ❌SL: 0.5690 | ✅TP: 0.5590 – 0.5540 –0.5500 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
AUD/USD Trend Today - Continue to Fall?🔔🔔🔔AUD/USD news: 👉Trade continues to play a significant role in currency markets, with risk-sensitive currencies like the Australian Dollar under pressure as tariff disputes escalate. The White House maintains a 10% tariff on Chinese goods, which could negatively affect the Australian economy, given that China is its largest export partner. A slowdown in Chinese demand may weaken Australian commodity exports, putting downward pressure on the AUD. 👉Domestically, an anticipated rise in Australian Retail Sales may provide some support for the currency. Consumer spending, as reflected in Retail Sales data, increased by 0.3% in January after a 0.1% decline in December. 👉Meanwhile, the US Dollar is facing headwinds as market expectations grow that the Federal Reserve may restart its monetary easing cycle in June. According to the CME FedWatch tool, the probability of a Fed rate cut in June has risen to 87%, up from 69% a week ago. Personal opinion: 👉Tariff policies remain the main influence that could cause the AUD to underperform the USD. 👉However, the US 10-year bond yield fell and the DXY fell for the second consecutive day, which could cause the AUD/USD to recover slightly. But overall, the downtrend is still maintained in the short term. Analysis: 👉SBased on important resistance - support and Fibonacci levels combined with trend lines and SMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell AUD/USD 0.6230 - 0.6240 ❌SL: 0.6275 | ✅TP: 0.6190 - 0.6150 -0.6110 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
3
USD/CAD Forming a Double Top Pattern?🔔🔔🔔 USD/CAD news: 👉USD/CAD is forming a traditional double top pattern and the price is right at the neckline 👉USD/CAD RSI (1H) is in control of the sellers 👉DXY is entering the overbought zone with no signs of reversal 👉Trendline shows signs of breaking Personal opinion: 👉The above signals show that USD/CAD is likely to decline in the short term and retest the support zone of 1.435 Analysis: 👉Based on the trendline combined with resistance - support levels and SMA to come up with a suitable strategy Plan: 🔆 Set up the price zone: 👉 Sell USD/CAD 1.4410 - 1.4420 ❌SL: 1.4465 | ✅TP: 1.4360 – 1.4330 – 1.4290 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
Gold trend today European and American trading session🔔🔔🔔 Gold news: 👉Gold prices saw a slight increase on Monday, driven by a weaker US Dollar. Expectations of another Federal Reserve rate cut put pressure on the USD, which in turn boosted XAU/USD. Additionally, concerns over Trump’s proposed tariffs and the potential for a global trade conflict added to gold’s appeal. 👉The US Dollar also faced downward pressure due to a strong rebound in the crypto market, led by Bitcoin (BTC), after Trump instructed the Presidential Working Group on Sunday to advance plans for a Crypto Strategic Reserve, which will include Bitcoin, Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). 👉A broad decline in the US Dollar allowed gold prices to recover after suffering significant losses in the previous two trading sessions. Meanwhile, the Euro (EUR) strengthened as Europe intensified its diplomatic efforts to resolve the Ukraine conflict, further weighing on the USD and supporting the USD-denominated gold price. Personal opinion: 👉Gold price will recover to the 2890 area, then there will be a technical decline to the 2934 area before continuing the uptrend. Because there is currently no strong news for gold to break through this area. 👉Note: any move on President Trump's tariff policy will be considered first, so pay attention to this related news for better trading Analysis: 👉Based on trend lines and EMA combined with important resistance - support levels to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell Gold 2887 – 2890 ❌SL: 2895 | ✅TP: 2883– 2877 – 2870 👉Buy Gold 2833 – 2835 ❌SL: 2827 | ✅TP: 2839– 2844 – 2850 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDShort
by FM-ForexMastermind
1
Gold trend in European and American sessionsGold news: 🔆The US Dollar extends its recovery from an 11-week low, supported by a slight rebound in US Treasury bond yields, which in turn puts some pressure on Gold prices during the Asian session on Thursday. 🔆On Wednesday, US President Donald Trump raised expectations for a potential delay in imposing steep new tariffs on imports from Mexico and Canada, suggesting they might take effect on April 2 instead of the previously set March 4 deadline. However, a White House official clarified that the tariff deadline remains unchanged "as of now," pending Trump's assessment of efforts to curb migrant flows into the US. 🔆Additionally, Trump announced that his administration will soon introduce a 25% tariff on imports from the European Union, adding to market uncertainty, which could provide some support for the safe-haven metal. Nevertheless, Gold prices remain under pressure due to a rebound in US bond yields and a modest strengthening of the US Dollar. Personal Opinion: 🔆Gold prices are likely to experience a short-term correction as the RSI (1D) has entered overbought territory and is showing signs of divergence. 🔆Concerns over US President Donald Trump's tariff policies and ongoing trade tensions have made bearish traders cautious about confirming a near-term peak for safe-haven gold. Additionally, expectations of further interest rate cuts by the Federal Reserve, driven by a slowing US economy and growth uncertainties, could help limit downside movement for the non-yielding metal. Market participants are now focused on the US economic calendar for Thursday to gain fresh insights. Technical Analysis: 🔆A strategic approach should be based on resistance-support zones and key Fibonacci retracement levels, in combination with the EMA200, to determine optimal trading decisions. Plan: 🔆 Setting price range: 👉Buy gold 2840 -2843 ❌SL: 2834 | ✅TP: 2850 – 2855 – 2865 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDShort
by FM-ForexMastermind
1
Gold Trend in US Session - Short-term DowntrendGold news: 🔆Gold is in a short-term correction after entering the extreme buy zone (RSI) in the previous days. After failing to completely break the ATH 2956 resistance level, the sellers rushed in strongly to dominate the market. As a result, gold fell nearly 1.5% yesterday. 🔆In addition, the DXY index recovered today and the US 10-year bond yield suddenly increased by 0.5% in the Asian session, which is also supporting the short-term strength of the Dollar, causing gold to fall slightly Personal opinion: Gold will have another short-term correction to gain momentum for the main uptrend. After all, the trade war and gloomy US economic data are still there. And the war between countries is still complicated, making it difficult for gold to fall sharply Plan: 🔆 Setting price range: 👉Buy gold 2924 -2927 ❌SL: 2933 | ✅TP: 2918 – 2906 – 2895 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDShort
by FM-ForexMastermind
1
AUD/USD Trend This Week – Retest and Continue Falling?AUD/USD news: 🔆Investors view President Trump’s $4.5 trillion tax cut bill as supportive of economic growth and likely to drive inflation higher. This expectation could prompt Federal Reserve (Fed) officials to keep monetary policy restrictive for an extended period, strengthening the US dollar. 🔆At the same time, the Australian Dollar (AUD) has lagged behind its peers due to weaker-than-expected growth in Australia’s Monthly Consumer Price Index (CPI) for January. The CPI increased by 2.5% year-over-year, slightly below the forecast of 2.6% but maintaining the same pace as in December. 🔆Last week, the Reserve Bank of Australia (RBA) reaffirmed that inflation remains a concern after cutting interest rates by 25 basis points to 4.1%. 🔆Looking ahead, concerns over Trump’s tariff policies could keep pressure on the Aussie Dollar. So far, Trump has imposed a 10% tariff on Chinese imports and has threatened a 100% levy on BRICS nations if they attempt to challenge the US dollar’s dominance. Personal opinion: 🔆Due to the impact of the news, the AUD is a risk-sensitive currency to the USD market and there is no positive sign from the Australian central bank (RBA), so the AUD/USD pair will still maintain a downtrend in the short term Analysis: 🔆Based on the trend line and important Fibonacci levels combined with fundamental news to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy AUD/USD 0.6320 - 0.6330 ❌SL: 0.6365 | ✅TP: 0.6280 – 0.6250 – 0.6200 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
Will the USD/CHF trend continue to decline?USD/CHF news: 👉The USD/CHF pair rose to near 0.8950 on Wednesday in early European trade, snapping a four-day losing streak. The greenback rebounded from an 11-week low as the Federal Reserve’s cautious approach helped limit the greenback’s losses. 👉Meanwhile, a 0.5% rise in the benchmark 10-year Treasury yield also contributed to the greenback’s strength 👉However, weak consumer confidence data from the Conference Board could dampen investor sentiment and put selling pressure on the greenback. Together with other disappointing economic indicators, this has reinforced expectations for two 25 basis point rate cuts by the Fed this year, with the next one expected in July. Personal opinion: 👉USD/CHF remains bearish in line with the main trend. There will be a correction to the upside due to the rise in US 10-year bond yields but this is an opportunity for sellers to jump in at better prices Analysis: 👉Based on important Fibonacci levels and trend lines combined with fundamental information to come up with a suitable strategy Plan: 🔆 Setting up the price zone: 👉Buy USD/CHF 0.8960 – 0.8970 ❌SL: 0.9010 | ✅TP: 0.8920 – 0.8880– 1.0600 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
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.
FX:XAUUSDShort
by Navid_Jafarian
12
USD/CAD trend at the beginning of the week - up or down?USD/CAD news: 🔆USD/CAD is currently at the resistance level of 1.4230 as the USD shows signs of rebounding in the US trading session. However, the outlook for the US dollar is weakening as the possibility of a Fed rate cut increases. The weakness of this pair is due to the weaker US dollar following the gloomy US economic data. 🔆In addition, the US 10-year bond yield is still maintaining its bearish momentum. With a decrease of 0.38% on the day Personal opinion: 🔆USD/CAD is still maintaining its bearish momentum. The 1H chart is forming a Bearish Flag. The bearish flag pattern shows that many investors are taking profits after holding back the sell-off. When enough accumulation, the sellers will gather strength to push the price out of the lower price channel, pushing the price back to the old trend. Plan: 🔆 Price Zone Setup: 👉Sell USD/CAD 1.4228– 1.4248 ❌SL: 1.4290| ✅TP: 1.4180 – 1.4140 – 1.4100 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
2