Support and Resistance
EURUSD Daily, H4,H1 Forecasts, Technical Analysis & Trading Idea💡 Daily Timeframe:
As forecasted by 4CastMachine AI last week, EURUSD started corrective decline.
This decline may continue, but the support area of 1.0732 could trigger a rebound.
If this area is broken, the price will decline to the support area of 1.0600 to 1.0527.
This area, which was previously a major resistance, will become a major support, creating a good buying opportunity.
So, given the long-term uptrend, we can use this area as a long-term BUY ZONE.
💡 H4 Timeframe:
The Downtrend was a corrective wave and is broken now. It suggests we will soon see another leg higher.
💡 H1 Timeframe:
The price is in an UpTrend.
The bullish wave is expected to continue as long as the price is above the strong Support at 1.0732
1.0802 resistance is broken now. It will act as a support now!
Forecast:
Correction wave toward the Buy Zone
Another Downward Impulse wave toward Lower TPs
American Electric Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# American Electric Stock Quote
- Double Formation
* ABC Wave Feature | Completed Survey
* EMA Settings | Range & Retest Area | Subdivision 1
- Triple Formation
* 012345 Wave Set Up | Long Set Up | Subdivision 2
* (TP1) | Subdivision 3
* Daily Time Frame | Trend Settings Condition
- (Hypothesis On Entry Bias)) | Logarithmic Settings
- Position On A 1.5RR
* Stop Loss At 102.00 USD
* Entry At 107.00 USD
* Take Profit At 114.00 USD
* (Uptrend Argument)) & No Pattern Confirmation
* Ongoing Entry & (Neutral Area))
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
BITCOIN → Break of the bullish structure. Moving to 78-68KBINANCE:BTCUSD has been slowly recovering for the last two weeks, but failed to overcome the resistance. The bears held the trend. The price is breaking the local bullish structure and preparing for a strong fall.
Bitcoin's fundamental background is weak, expectations were not met by the crypto summits, nor by any major announcements or hints of a crypto reserve. The crypto community still didn't get what they expected from Trump. The strong drop was triggered by the SP500 index falling, driven by rising inflation, reduced consumer pressure and new trade tariffs. These factors have contributed to increased uncertainty in the markets, prompting investors to move to safer assets such as gold and government bonds
Technically, the price has been in consolidation (correction channel) for two weeks and after breaking the support of the figure, the price entered the realization phase within the global downtrend.
Resistance levels: 85300, 86350, 89400
Support levels: 83600, 81270, 79980, 78100
Emphasis on the support at 83600. The price fixing under this zone may provoke further fall to 80-78K. But I do not exclude the fact that a small correction to the zone of interest is possible (to capture liquidity) before a further fall to the previously identified key zones of interest.
Regards R. Linda!
DXY:It is about to witness a quarterly declineBecause concerns about tariffs causing a slowdown in U.S. economic growth have pushed down U.S. Treasury bond yields, the stock market, and the U.S. dollar exchange rate. The U.S. dollar is likely to experience a quarterly decline next week, and we can seize the opportunity to short on rebounds.
Trading strategy:
buy@104.500
TP:103.500
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EURCHFPair looking beautiful for next week, got that double bottom on H4 after retesting weekly support, waiting for resistance to be broken then it'll be flying time. TP areas are 0.96400 and 0.97600. This could be a very long trade because we are having a second retest after breaking out of a 7 month range.
GBPUSD:The strategy for next week remains bullishOn Friday, the GBP/USD traded and stopped at 1.2943, hovering near the upper end of the recent trading range. The currency pair has regained the ground above the 50-day Exponential Moving Average (EMA) at 1.2933, and currently, this level serves as an intraday support level, while the 200-day EMA at 1.2896 continues to underpin the broader momentum. The price movement is approaching the resistance zone of 1.2973 to 1.3008, which has restricted multiple rebound attempts this month. Breaking through this level may reach 1.3014. On the downside, the pivot point at 1.2937 and 1.2903 remain key levels worthy of attention. The short-term structure is constructive, but the bulls need a clear breakout to confirm the continuation of the trend beyond the resistance of the downward trend line.
Trading strategy:
buy@1.2910
TP:1.2970-1.2990
Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
3 Best Trading Opportunities to Maximize Profit Potential
Hey traders,
In the today's article, we will discuss 3 types of incredibly accurate setups that you can apply for trading financial markets.
1. Trend Line Breakout and Retest
The first setup is a classic trend line breakout.
Please, note that such a setup will be accurate if the trend line is based on at least 3 consequent bullish or bearish moves.
If the market bounces from a trend line, it is a vertical support.
If the market drops from a trend line, it is a vertical resistance.
The breakout of the trend line - vertical support is a candle close below that. After a breakout, it turns into a safe point to sell the market from.
The breakout of the trend line - vertical resistance is a candle close above that. After a breakout, it turns into a safe point to buy the market from.
Take a look at the example. On GBPJPY, the market was growing steadily, respecting a rising trend line that was a vertical support.
A candle close below that confirmed its bearish violation.
It turned into a vertical resistance .
Its retest was a perfect point to sell the market from.
2. Horizontal Structure Breakout and Retest
The second setup is a breakout of a horizontal key level.
The breakout of a horizontal support and a candle close below that is a strong bearish signal. After a breakout, a support turns into a resistance.
Its retest is a safe point to sell the market from.
The breakout of a horizontal resistance and a candle close above that is a strong bullish signal. After a breakout, a resistance turns into a support.
Its retest if a safe point to buy the market from.
Here is the example. WTI Crude Oil broke a key daily structure resistance. A candle close above confirmed the violation.
After a breakout, the broken resistance turned into a support.
Its test was a perfect point to buy the market from.
3. Buying / Selling the Market After Pullbacks
The third option is to trade the market after pullbacks.
However, remember that the market should be strictly in a trend .
In a bullish trend, the market corrects itself after it sets new higher highs. The higher lows usually respect the rising trend lines.
Buying the market from such a trend line, you open a safe trend-following trade.
In a bearish trend, after the price sets lower lows, the correctional movements initiate. The lower highs quite often respect the falling trend lines.
Selling the market from such a trend line, you open a safe trend-following trade.
On the chart above, we can see EURAUD pair trading in a bullish trend.
After the price sets new highs, it retraces to a rising trend line.
Once the trend line is reached, trend-following movements initiate.
What I like about these 3 setups is the fact that they work on every market and on every time frame. So no matter what you trade and what is your trading style, you can apply them for making nice profits.
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EURUSD:Analysis of the Profit-making Strategies for Next WeekThe euro against the US dollar once retraced to around 1.0765. Subsequently, it stabilized slightly after the release of the US core Personal Consumption Expenditures (PCE) inflation data for February. Since the year-on-year growth rate of this data exceeded expectations, the market's expectation that the Federal Reserve will maintain the current interest rate range of 4.25%-4.50% for a longer time has intensified. Moreover, the United States is set to impose an additional 25% tariff on imported automobiles starting from April 2nd, which adds more uncertainties to the outlook of the euro.
We can focus on the initial resistance level of 1.0850 above. If this level is not breached, one can attempt to short at high levels.
Trading strategy:
Sell@1.0850
TP:1.0750
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USOIL:Analysis of the Oil Market Trend for Next WeekAmid the anticipated trade uncertainties, concerns on the supply side have resurfaced. With the April 2nd tariff effective date approaching, the market is taking a cautious stance in the short - term. Supported by the decline in oil inventories and the prevailing concerns, oil prices have rebounded and are nearing the resistance range. In the medium - term, the market is constrained by the expected slowdown in global demand, and the focus is on waiting for the resistance test.
Strategy recommendations: Given the range - bound trading, consider short - selling at high levels and buying at low levels.
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XAUUSD:Analysis of the Gold Market Trend for Next WeekOn Friday, the gold price fluctuated between 3,086 and 3,066, but there was no sign of peaking. Currently, the bullish trend in the gold market remains intact, and it is expected to reach new highs next week.
In the early trading session on Thursday, it was already indicated that the trend would turn bullish, and the consecutive upward movements on Thursday and Friday were in line with our expectations. At present, the gold price closed at around 3,085.
On next Monday, one needs to be wary of the risks of a gap-up or gap-down opening. The upper resistance lies between 3,090 and 3,094. If it firmly stands at this level, it will test the position of 3,111. The lower support is at 3,070-3,065.
In terms of operation, Xu Gucheng suggests that on next Monday, the main strategy should be to go long on pullbacks, supplemented by shorting on rebounds.
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BTC:Seize the opportunity to go long
BTC broke below 83,000 and continued to decline, reaching around the lowest level of 82,000. Currently, it generally shows a downward trend.
In my opinion, the entire bearish trend is merely a well-structured catalyst. Its function is to attract breakout sellers, create the illusion of a sustained downward trend, and trap liquidity at the low points before the true direction becomes apparent. Retail traders who short this structure are providing momentum for the next upward rally.
Before that, BTC can still be regarded as bullish, and each pullback to the demand zone can be considered as an opportunity to go long.
BTC Trading strategy:
buy@82000-82300
TP:83000-85000
Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
Nahdi Medical Co. (4164) - False Breakdown & Trendline Breakout?🚨 Nahdi Medical Co. (4164) recently experienced a false breakdown below 115.6, but has since recovered above it. With the stock now testing a downward trendline, crossing this line could signal the start of a new upward move. 📈
💡 Key Points:
• Current Price: 115.2
• False Breakdown at: 115.6
• Key Resistance at: 118
• Support/Stop Loss: 111.6
• Target: Potential upward swing after breaking 118
📊 Technical Analysis: The false breakdown below 115.6 followed by a recovery signals a potential bullish reversal. If the stock breaks the downward trendline and crosses above 118, it will confirm a new upward swing.
📈 Trade Strategy: The price range between 111.6 and 118 is an ideal buying zone. A breakout above the downward trendline and 118 will confirm the start of a new upward wave. Enter with a stop loss at 111.6, and if 118 is breached, expect the rally to continue.
What are your thoughts on Nahdi Medical Co.’s price action? If you think I missed something or see a different pattern, feel free to share!🔥
USD/JPY 4H – Bearish Setup Forming?The pair is rejecting a major supply zone, signaling potential downside movement. A liquidity sweep paired with imbalance zone may have fueled this reversal, and price is now testing lower levels.
📊 Key Observations:
✔ Supply Zone Rejection: Price reacted strongly from the 151.200–151.500 zone.
✔ Liquidity Grab ($$$): Stops above the highs may have been taken before the sell-off.
✔ Imbalance (IMB) & Demand Zone: The 147.600–147.800 area remains untested and could act as a target.
🔎 Trade Idea: A short position could be considered upon a retracement into the smaller supply zone (150.600–150.900), targeting the demand zone below.
AUD/USD 1H – Testing Demand Zone for a Potential Reversal?The pair is currently retesting a strong demand zone, with multiple rejections seen in this area. A Break of Structure (BoS) indicates bullish potential, but price needs to confirm a reversal before a strong upside move.
📊 Key Observations:
✔ Break of Structure (BoS): Bullish intent was confirmed earlier.
✔ Swing Structure Support (SSS): Holding for now, but a deeper test of demand is possible.
✔ Demand Zone Reaction: If price holds above 0.6270–0.6255, a bullish reversal is likely.
🔎 Trade Idea: Looking for bullish confirmations within the demand zone. A clean rejection could offer long opportunities toward recent highs.
EUR/USD Daily – Retracement Before Bullish Continuation?The pair recently breached a Daily Supply Zone (D1 SZ) with a candle body, signaling bullish strength. However, price is currently pulling back, and a deeper retracement toward the Daily Demand Zone (D1 DZ) is possible before the next leg up.
📊 Key Observations:
✔ Break of Structure (BoS): Confirmed bullish intent.
✔ Fibonacci Confluence: The 0.786–0.88 retracement zone aligns with the D1 DZ, making it a high-probability reaction zone.
✔ Expected Move: Potential bearish retracement before a strong push toward new highs.
🔎 Trade Idea: Monitoring for bullish confirmation at the D1 DZ before entering long positions. A clean rejection could signal a strong continuation to the upside.
BTC is on the way .BUY DIPObservations:
Ascending Channel:
The price is respecting an upward-sloping channel (orange lines), indicating a bullish trend since mid-2022.
The lower boundary serves as strong support, while the upper boundary acts as resistance.
Support Zones:
Two green rectangles highlight potential demand zones around $82,290 and slightly higher. These zones are likely areas where buyers are expected to step in if the price corrects further.
Resistance Levels:
Key resistance levels are marked with red lines: $108,171, $131,987, $175,479, and $232,111. These may act as profit-taking zones if the price continues to rally.
Current Price Action:
The price ($98,687) seems to be consolidating near the upper range of the channel. If it breaks out above this range, a more significant rally could follow.
Alternatively, a rejection here could trigger a pullback toward the support zones.
Possible Scenarios:
Bullish Case:
A breakout above the upper channel boundary could lead to testing the $108,171 resistance. Sustained momentum may target the next resistance levels at $131,987 and beyond.
Bearish Case:
If the price fails to break the resistance and drops, the first support to watch is around $82,290. A deeper correction might revisit the channel's lower boundary.
Neutral/Consolidation:
The price could consolidate within the $90,000–$100,000 range before making a decisive move.
A BIGGER PICTURE OF USDCHF Price one more reacts at a historic pullback resistance of 0.92001 what next do we expect from market participant this time? Are we likely to see further drop in price as usual or we’d see a complete change in market trend. If price falls lower to 0.85000 a longterm bear trend emerges. But until then, we may experience complete reversal in price.