USDCAD is Nearing The Daily TrendHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.38500 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.38500 support and resistance area.
Trade safe, Joe.
Technical Analysis
GOLD (XAUUSD): Intraday Bullish Confirmation
Gold is retesting a recently broken trend line of a bullish flag
pattern that I shared with you earlier.
A double bottom pattern on that and a violation of its neckline
provide a strong intraday confirmation.
I think that the price may rise to 3392 level.
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Gold: Breakout and Potential Retrace!!Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 3,390 zone, Gold was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 3,390 support and resistance zone.
Trade safe, Joe.
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 146.700 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 146.700 support and resistance area.
Trade safe, Joe.
GBPCHF: Pullback From Support 🇬🇧🇨🇭
GBPCHF is going to pull back from a wide daily support cluster.
I see a strong intraday bullish confirmation and a bullish
imbalance candle after the news.
Goal - 1.0986
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$NVDA 6/27 exp week; $150 calls. Quick ChartHello. Market is moving up off the “news” of “ceasefire” from Trump. Take what is given I suppose. NASDAQ:NVDA could see a beautiful upside towards the psych level of $150 in just one session (Tuesday, 6/24) which is just a “small” move of 3%. Could break out of its rising wedge. This name has been lackluster as of late (kinda sorta). $150 calls will be entered at open (6/24) and my first target will be $148.98. There are multiple rejections at these levels. Good luck!
WSL
EURUSD – Rejected at 1.16100, bearish pressure re-emergingEURUSD has just completed a technical rebound toward the 1.16100 resistance zone, which has previously rejected price multiple times. The current structure suggests a mild reversal, with a potential pullback toward 1.15378. A break below this support could extend the decline toward 1.14600.
Recent upside momentum came mainly from temporary USD weakness, but the greenback remains supported by expectations that the Fed will keep interest rates elevated, while Eurozone PMI data continues to disappoint.
In summary, 1.16100 remains a key resistance level. If price shows clear rejection here, EURUSD may be poised for a deeper correction in the short term.
Gold Pullback After Rally – Key Risk Zone at 3,340 in FocusHello dear traders, this is Lucas speaking!
After a prolonged period of accumulation, gold broke out and approached the key area around 3,400. However, the price quickly reversed as liquidity failed to follow through. The rally was sharply sold off, partly due to investor uncertainty amid a cloudy global economic outlook.
From my perspective, the market is reacting with surprising caution to geopolitical tensions in the Middle East. Although reports have emerged about U.S. airstrikes targeting Iran’s nuclear facilities, gold has failed to respond strongly—suggesting that investors are awaiting clearer economic signals such as PMI data from the U.S. and Eurozone, GDP figures, and the upcoming Fed statement.
This "half-hearted" environment has somewhat weakened gold’s appeal as a safe-haven asset, especially as Iran has yet to retaliate in any decisive way. As such, the market’s current focus remains a delicate balance between geopolitics and macroeconomic data.
From a technical standpoint, gold is currently trading above the 3,340–3,350 zone, which is considered a key buy area. A retest of liquidity may be underway, and if buyers can defend this zone, a move back toward 3,400 is very much on the table. On the flip side, if the reaction around 3,340 is weak and support breaks down further, a decline toward 3,300 could become likely. However, if we see a false break followed by a strong rebound and breakout of the bullish structure, that would serve as an early signal for another upward leg.
Warm regards,
Lucas_Reid
#NIFTY Intraday Support and Resistance Levels - 23/06/2025A flat opening is expected in Nifty today. If Nifty sustains above the 25,050–25,100 zone after the open, we can expect an upside rally toward 25,150 → 25,200 → 25,250+ levels. This bullish momentum may continue if Nifty remains strong above 25,100.
However, any downside momentum may begin if Nifty starts trading below 24,950, which is a crucial support zone. In such a scenario, the index could slip toward 24,850 → 24,800 → 24,750- levels.
For intraday trades, focus on breakout or breakdown levels, and manage risk with trailing stop-losses in place.
#NIFTY Intraday Support and Resistance Levels - 24/06/2025Today, Nifty is expected to open with a gap-up near the 25,250 level. This level is crucial, as a sustained move above it can trigger a strong upside rally. If Nifty manages to hold above 25,250, we may see targets of 25,350, 25,400, and even 25,450+ in the coming sessions. On the downside, if the index slips below 24,950, it could lead to a corrective move toward 24,850, 24,800, and potentially 24,750 zones.
Traders should closely watch the 25,050–25,100 range for intraday strength, and the 24,950 mark as immediate support. Any breakout or breakdown from these levels will offer direction for the day. Maintain strict stop-loss and consider trailing profits as levels get tested.
NZDCAD: Confirmed Bearish Trap?! 🇳🇿🇨🇦
There is a high chance that NZDCAD will bounce
after a false violation of a significant daily support cluster.
A formation of a bullish imbalance candle on an hourly time frame
leaves a strong bullish clue.
Goal - 0.818
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Trump’s Strike on Iran Lifts Dollar, Weighs on EuroEUR/USD dipped to around 1.1480 in early Asian trading Monday as the dollar strengthens following President Trump’s decision to join Israel’s war on Iran, escalating the conflict. Over the weekend, US forces struck three Iranian nuclear sites; Fordo, Natanz, and Isfahan. Trump claimed the facilities were “totally obliterated” and warned of harsher attacks unless Iran seeks peace. The escalation supports safe-haven demand for the dollar, pressuring EUR/USD.
Meanwhile, the ECB cut rates for the eighth time this year but signaled a pause in July. President Lagarde said cuts are nearing an end, which may help limit euro losses.
Resistance is located at 1.1530, while support is seen at 1.1450
Safe-Haven Flows Lift Silver Near $36.10Silver (XAG/USD) rose near $36.10 on Monday, snapping a three-day losing streak as rising Middle East tensions increased safe-haven demand. The gain followed US airstrikes on three Iranian nuclear sites Sunday. Iran vowed to respond, while Trump warned any retaliation would be met with greater force.
Escalation risks continue to support silver. Additionally, Fed Governor Waller signaled a possible rate cut as early as July. Dovish Fed comments and lower rates tend to increase silver demand by making it more affordable globally.
The first resistance is seen at 37.50, while the support starts at 35.40.
Can XAUUSD Continue to Go Up?Last week was a bearish one for XAUUSD, following a strong bullish surge the week prior. The key question now is: can gold reclaim the highs it reached two weeks ago?
From a macro perspective, institutions remain net long and have even increased their long positions, signaling continued confidence in gold as a safe-haven asset. On the geo-economic front, tensions in the Middle East persist, with growing involvement from the U.S., adding to the uncertainty that typically supports gold prices.
Personally, I maintain a bullish bias on XAUUSD for now, supported by both fundamental and geopolitical drivers. However, if the landscape changes — whether through technical invalidation or shifts in sentiment — I’m prepared to adapt accordingly.
HIMS 1D — This pattern didn’t cook for nothingOn the daily chart of Hims & Hers Health, we’re looking at a textbook cup with handle formation — not just a pattern, but a structure backed by time, volume, and classic price behavior. The base of the cup formed steadily from February to May 2025, and as soon as the curve was complete, price transitioned into a tight consolidation — the "handle" that often masks real accumulation.
Right now, price is testing the resistance area. And it’s not just floating up there — it’s coming in hot: price has already broken through EMA 20/50/100/200 and SMA 50/200. That’s a full stack flip. This isn’t sideways noise — it’s a structural shift in control.
Volume is starting to build as price rises, confirming that demand is real and institutional positioning likely active. We’re watching a breakout zone above the handle — and when that breaks, the structure unlocks with a clear target: $107.25, roughly a 2x move from current levels.
This setup isn’t noise. It’s a long-cooked formation that’s now about to boil over. If the handle holds and price breaks through — the rest is just follow-through.
EURUSD: Important Supports & Resistances For Next Week 🇪🇺🇺🇸
Here is my latest structure analysis for EURUSD for next week.
Consider these supports and resistances for breakout/pullback trading.
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GOLD (XAUUSD): Bullish Move After Opening?!
I think that there is a high chance that Gold will have a bullish opening.
The market closed, breaking a resistance line of a bullish flag pattern
on an hourly time frame.
Fundamentals strongly support this bullish outlook.
Resistance 1: 3392
Resistance 2: 3420
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Gold: Breakout and Potential retraceHey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 3,340 zone, Gold was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 3,340 support and resistance area.
Trade safe, Joe.
Pound-Yen Finds Support with Eyes on 198.1FenzoFx—GBP/JPY is forming bullish long-wick candlesticks near 196.8, just above key support at 196.5.
The market remains bullish above this zone, with potential to retest 198.1. A sustained move higher could extend the rally.
The bullish outlook is invalidated if GBP/JPY closes below 196.5.
BTCUSDT – Rebound from trendline, targeting 115,300On the daily chart, BTCUSDT has bounced from a confluence support zone around 105,200, where the rising trendline meets the FVG, confirming that the bullish structure remains intact. The current price pattern suggests a continuation of the uptrend, with a short-term target at the 115,300 resistance zone — a level that has previously rejected price multiple times.
If this level is broken, momentum could extend toward the 120,000 area in the medium term. As long as the price holds above the trendline, the bullish outlook remains valid.
On the news front, market sentiment is improving as Bitcoin spot ETFs in the U.S. show signs of renewed inflows, coupled with growing expectations that the Fed might pause rate hikes due to recent signs of economic weakness.