EURNZD Trending Higher – Bullish Continuation Toward 1.88040OANDA:EURNZD is currently trading within an ascending channel, indicating a strong bullish structure. The price has broken above a key resistance zone and may now pull back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation.
If buyers confirm support at this level, the price is likely to move upward toward the 1.88040 level, which represents a logical target for this setup. Conversely, a failure to hold support could signal a potential bearish shift.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you might have! 🚀
Signals
GBPUSD - Bullish Continuation Toward 1.27710OANDA:GBPUSD is trading within a well-defined ascending channel, with price action respecting both the upper and lower boundaries. The recent bounce off support suggests buyers are maintaining control, supporting a potential continuation of the uptrend.
As long as the price remains above the support level and the channel's lower boundary holds, the bullish structure remains intact.
A potential upside target is 1.27710, aligning with the upper boundary of the channel. A break and close above this level could signal further bullish momentum.
However, a breakdown below the support zone would invalidate the bullish scenario and may open the door for a deeper pullback.
Remember, always confirm your setups and trade with solid risk management.
Best of luck!
XAUUSD Resistance rejection expected.Gold (XAUUSD) is rising after an exact rebound on its 4H MA200 (orange trend-line). Every time the 17-month Channel Up posted a similar 4H MA200 rebound, Gold got rejected on the upper Resistance and re-tested one more time the 4H MA200.
A trading plan involving a buy targeting 2960 (Resistance) and then reversing to a sell targeting 2880 (4H MA200) is technically viable based on those occurrences.
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NASDAQ hit its 1D MA200. Strongest buy signal in 2 years!Nasdaq (NDX) hit today its 1D MA200 (orange trend-line) for the first time in 7 months (since the August 05 2024 Low) with its 1D RSI almost oversold (below 30.00). In the past 2 years (since the March 10 2023 test), the 1D MA200 has been tested another 3 times, all of which have been the absolute technical buy entries, kick-starting enormous rallies.
On top of that, the price is close to the bottom (Higher Lows trend-line) of the long-term Channel Up that started on the December 2022 market bottom. Every rally that followed after a 1D MA200 test has been marginally weaker than the previous but all three have been around +30% on average. The last one has been +27.61%, which is -3% weaker than the previous.
As a result, we are expecting a new rally to start now as all buy conditions within a 2-year span have been met (1D MA200, oversold 1D RSI) that can target 24500, which represents a +24.00% rally (-3% shorter rise than the previous).
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BITCOIN Can it really take 1 month to form a bottom??Bitcoin (BTCUSD) quickly invalidated the Crypto Reserve rally by Trump and finds itself again on the 1D MA200 (orange trend-line) for the 2nd time in 5 days and 3rd since October 14 2024. The key technically development that we should concentrate at is the failure to break above the 1D MA50 (blue trend-line) during Sunday's rally, as it is the level the price was being rejected throughout the whole February.
Until BTC breaks and closes above the 1D MA50, we can't expect a justifiable recovery. We are also on the 0.382 Fibonacci retracement level from the August 05 2024 Low. The last time the price was trading on those parameters was in late August 2023. More specifically, yesterday's 1D MA50 rejection resembles the August 29 2023 one, which came after a vastly oversold 1D RSI on August 18 2023, similar to the oversold RSI of February 26 (last Wednesday).
During this price action, it took Bitcoin exactly 1 month from the RSI bottom to break again above its 1D MA50, starting a rally that initially broke marginally above the -0.5 Fibonacci extension before a new 1D MA50 pull-back.
As you can see, the similarities between the two main phases of since the 2022 bottom are striking. Both started on a Channel Down and after the first Higher Lows formation, formed the Channel Up that was confirmed upon a 1D Golden Cross. It has to be highlighted that the 1W MA50 (red trend-line) has been holding since March 14 2023, it even supported during the August 2023 bottom formation and provided a massive bounce on the August 05 2024 low. With the 1W MA50 currently at 75070 and rising, it is natural to assume that it is the ultimate Support level.
As a result and based on all the above conditions, it is possible to see Bitcoin consolidate sideways in an attempt to cement the bottom for the majority of March. A break above the 1D MA50 either then or earlier, would be a technical bullish break-out confirmation. The rally that will follow can technically reach $160000, which is just below the -0.5 Fibonacci extension.
So what do you think? Is Bitcoin currently forming its new long-term bottom and if yes, will it reach $160k after that? Feel free to let us know in the comments section below!
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USDJPY Bearish Momentum - Will It Reach 147.640?OANDA:USDJPY is currently trading within a descending channel, indicating a strong bearish structure. The price has broken below a key support zone and may now pull back for a potential retest. This level previously acted as support and could now serve as resistance, aligning with a possible bearish continuation.
If sellers confirm resistance at this zone, the price is likely to move downward toward the 147.640 target. However, a failure to reject this level could indicate a potential shift in momentum.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, strong wicks rejecting the resistance zone, or increased selling volume, before considering short positions.
Let me know your thoughts or any additional insights you might have!
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum. @fxopen
NAS100USD Will Fall! Sell!
Here is our detailed technical review for NAS100USD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 20,454.4.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 19,860.0 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GOLD Will Go Higher From Support! Long!
Take a look at our analysis for GOLD.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2,916.729.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,961.498 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURUSD Will Go Down From Resistance! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.050.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.045 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USDJPY Will Go Lower! Sell!
Here is our detailed technical review for USDJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 148.992.
The above observations make me that the market will inevitably achieve 147.011 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Why USDCAD Dropping? Technical and fundamentalsUSDCAD is currently trading around 1.44200, facing strong resistance at this level. The pair has tested this resistance multiple times and is showing signs of rejection, indicating a potential bearish reversal. If sellers gain control, we could see a downward move toward the 1.42200 target. This setup aligns with key technical patterns, suggesting that the rejection from resistance could drive further downside momentum.
From a technical perspective, the resistance level at 1.44200 has proven to be a strong barrier for buyers, leading to repeated pullbacks. If price fails to break above this zone, bearish pressure is likely to increase. A confirmed rejection with a strong bearish candlestick formation could provide further confirmation of a downtrend, making this a high-probability short setup.
Fundamentally, USDCAD’s movement is influenced by the strength of the US dollar and oil prices, as Canada’s economy is heavily linked to crude oil. Any rebound in oil prices could strengthen the Canadian dollar, adding to the bearish case for USDCAD. Additionally, market expectations regarding Federal Reserve interest rate policy and economic data releases could play a crucial role in shaping the pair’s next move.
In summary, USDCAD is facing significant resistance at 1.44200, with clear rejection signals indicating potential downside toward 1.42200. Traders should watch for further bearish confirmations while considering fundamental drivers like oil price fluctuations and central bank policies to validate the trade setup.
GOLD approaching 2,900USD, conditions for correction endOANDA:XAUUSD Spot delivery remains high after yesterday's strong increase and the current gold price is at about 2,887 USD ounce, equivalent to a decrease of 0.20% on the day, limited by the lower edge of the technical price channel and the EMA21.
Geopolitical tensions and impending tariffs have boosted gold prices. Gold prices continue to rise again, but no other price increases have been confirmed yet.
Spot gold prices rose more than 1% on Monday, recovering from a three-week low hit in last week's final trading session, as a weaker U.S. dollar and U.S. President Trump's tariff policies spurred safe-haven buying.
On Monday local time, US President Trump said at a press conference that the US would impose 25% tariffs on Canada and Mexico on March 4 and said there was no room for negotiations with these two US allies.
Additionally, the US government announced it will impose an additional 10% tariff on Chinese products exported to the US starting March 4, citing fentanyl and other issues.
Mr. Trump also said on Monday that the United States would impose "reciprocal tariffs" starting April 2 and would impose tariffs on countries that devalue their currencies as sanctions. In addition, Trump said on social networks that the United States will impose tariffs on "foreign" agricultural products from April 2.
Analysis of technical prospects for OANDA:XAUUSD
After recovering from the support area noticed by readers in the previous issue at the area of 2,850 - 2,835 USD, gold has achieved the first target level at 2,880 USD and then approached the next target level at the original price point of 2,900 USD. It is also limited by the original price point of 2,900 USD when this is also the confluence of the lower edge of the price channel and EMA21.
Once gold breaks the $2,900 level and trades above it, it will be primed to continue rising, marking the end of the downward correction with a target then $2,942 in the short term, more than the location of the all-time peak.
The relative strength index is also receiving support from the 50 level, if bullish momentum takes it back above the 60 level, this will be a positive signal for gold price upside on the technical chart.
During the day, the technical outlook for gold prices is recovery with the condition of ending the above adjustment cycle, notable positions will also be listed as follows.
Support: 2,880 – 2,868USD
Resistance: 2,900 – 2,942USD
SELL XAUUSD PRICE 2921 - 2919⚡️
↠↠ Stoploss 2925
→Take Profit 1 2913
↨
→Take Profit 2 2907
BUY XAUUSD PRICE 2858 - 2860⚡️
↠↠ Stoploss 2854
→Take Profit 1 2866
↨
→Take Profit 2 2872
EURCAD Is Bullish! Buy!
Here is our detailed technical review for EURCAD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.501.
The above observations make me that the market will inevitably achieve 1.509 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Gold Recovers After a Sharp Drop – What’s Next?Last week was a tough one for Gold bulls, with the price dropping sharply to a low of $2,830, breaking through multiple support levels.
However, after Friday’s close back above the $2,850 zone, the market opened on Monday with a gap. Once that gap was filled, the price rebounded, breaking back above the key $2,880–$2,890 technical zone.
Furthermore, at the time of writing, Gold is trading at $2,915, nearing the next technical resistance at $2,920.
What’s Next?
✅ Bulls currently have the upper hand, and as long as the $2,890 zone holds, new all-time highs (ATHs) could be on the horizon.
✅ I'm currently out of the market, but if the price stabilizes above $2,900, buying dips should be the preferred strategy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GBPNZD Maintains Bullish Momentum - Is 2.27040 the Next Target?OANDA:GBPNZD is trading within a well-defined ascending channel, with price action respecting both the upper and lower boundaries. The recent bounce off the midline suggests buyers are maintaining control, supporting a potential continuation of the uptrend.
As long as the price remains above the support level and the channel's lower boundary holds, the bullish structure remains intact.
A potential upside target is 2.27040, aligning with the upper boundary of the channel. A break and close above this level could signal further bullish momentum.
However, a decisive break below the channel’s lower boundary or the support zone would invalidate the bullish outlook and could signal a shift in market sentiment.
Remember, always confirm your setups and trade with solid risk management.
Best of luck!
Lingrid | PEPEUSDT the "Dead Cat Bounce" in the MarketsThe price perfectly fulfilled my previous idea . It reached the target. BINANCE:PEPEUSDT market initially took liquidity above the range zone before pulling back and making a lower low. The entire crypto market appears to be experiencing a "dead cat bounce." On the monthly timeframe, the price formed a significant bearish candle, indicating a potential further downward move. I think that the price will retest the middle of the range zone, as it often acts as a support or resistance level and then push lower September low. My goal is support zone around 0.00000585
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBP/CAD Analysis – Key Levels & Trade Scenarios📊 Timeframe: Weekly (1W) | Current Price: ~1.8391
📈 Bullish Context:
Resistance at 1.8391:
Price is testing a strong supply zone (dark red area).
A breakout above this level could open the door to further upside.
Support at 1.8233 & 1.7677:
1.8233: Short-term support where buyers have stepped in.
1.7677: Major support level, previously tested multiple times.
📉 Current Outlook:
Price has aggressively moved up, breaking through previous resistances.
Approaching a critical resistance area, where rejection is possible.
If a rejection occurs, a retracement toward 1.8233 or 1.7677 could be seen.
📈 Trade Setups:
🔼 Long (Breakout Play):
Entry: Above 1.8400 with confirmation.
Target 1: 1.8600
Target 2: 1.8800
Stop Loss: Below 1.8230 to avoid fakeouts.
🔻 Short (Rejection Scenario):
Entry: Bearish rejection from 1.8391 with confirmation.
Target 1: 1.8233
Target 2: 1.7677
Stop Loss: Above 1.8450.
📌 Final Thoughts:
GBP/CAD is at a critical resistance; a breakout could lead to new highs.
A rejection would confirm a pullback toward support levels.
Key macroeconomic data may impact momentum and direction.
Gold prices are no longer affected by investor reactions.Gold and silver prices posted strong gains on safe-haven demand amid escalating geopolitical tensions, with the US dollar index falling sharply as the trading week began.
Market risk appetite was heightened at the start of the week, following a tense meeting on Friday between US President Donald Trump and Ukrainian President Volodymyr Zelensky, which raised concerns about US-Ukraine relations and the prospects of a ceasefire between Ukraine and Russia.
Meanwhile, US trade tariffs on Mexico, Canada and China are set to take effect on Tuesday. Gold prices started the week on a strong note after posting its worst weekly performance in three months.
For April gold futures, the bulls still have the upper hand in the short term, but the uptrend on the daily chart has been temporarily invalidated. The next target for the bulls is to close above solid resistance at the contract high of $2,974/oz.
Meanwhile, the bears' target is to push the price below the key support at $2,800/oz. The first resistance is at $2,920/oz, followed by $2,942/oz. The first support is at the overnight low of $2,866.3/oz, followed by $2,850/oz.