AUDCHF: Strong Bullish Chart Pattern 🇦🇺🇨🇭
AUDCHF formed an inverted head & shoulders pattern on a 4h time frame
after a test of a key intraday/daily horizontal support.
After a deep retest of a broken neckline, we finally see a positive bullish reaction.
I think that the market will rise and reach 0.56 level soon.
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Technical Analysis
GOLD → Strong consolidation. What’s Next?OANDA:XAUUSD is consolidating within the 2926 - 2890 range. The overall market remains bullish, but there are signs of short-selling or pre-news selling ahead of the major economic data release scheduled for Wednesday.
Accordingly, the market is eagerly awaiting U.S. inflation and employment data, which could play a crucial role in shaping the Federal Reserve’s next move. Despite a weaker dollar and rising expectations of monetary easing, Fed Chair Jerome Powell remains cautious, signaling a measured approach to policy adjustments.
Meanwhile, gold demand remains strongly supported by China as the country ramps up its purchases. Additionally, growing concerns over stagflation in the U.S. further strengthen gold’s appeal as a safe-haven asset. However, traders are keeping a close watch on upcoming economic reports and the potential impact of China's tariffs on U.S. goods, which could introduce further market volatility.
The key focus now is 2926, where price action is shaping a potential accumulation phase before a breakout. If price stabilizes above this resistance, it could trigger a significant bullish impulse, signaling a continuation of the uptrend.
However, a major challenge remains—if the price accelerates too quickly toward resistance, the risk of a false breakout increases. In such a scenario, the market may pull back to 2890 to test liquidity zones, ensuring structural confirmation before making a legitimate move back toward 2926 and beyond.
What are your thoughts on gold?
Best regards, Bentradegold!
Nightly $SPY / $SPX Scenarios for March 14, 2025🔮 🔮
🌍 Market-Moving News 🌍:
🇺🇸⚠️ Potential U.S. Government Shutdown ⚠️: The United States faces a potential government shutdown on March 14 if lawmakers fail to agree on the 2025 budget. This impasse could lead to the closure of government agencies and furloughs of federal employees, impacting various sectors and potentially affecting market sentiment.
📊 Key Data Releases 📊:
📅 Friday, March 14:
🛒 University of Michigan Consumer Sentiment Index (10:00 AM ET) 🛒:This index measures consumer confidence regarding personal finances, business conditions, and purchasing power, providing insights into consumer sentiment.
Forecast: 64.0
Previous: 64.7
🛢️ Baker Hughes Rig Count (1:00 PM ET) 🛢️:This report provides the number of active drilling rigs in the U.S., offering insights into the oil and gas industry's health.
Previous: 592
⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult with a professional financial advisor before making investment decisions.⚠️
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
GOLD READY TO SURGE? USD WEAKNESS SIGNALS A BIG MOVE!📌 Market Overview
The US Dollar (USD) has been weakening for the past three months, signaling significant shifts in global financial markets. The latest CPI report came in weaker than expected, putting additional short-term pressure on the USD. However, long-term projections suggest a possible recovery.
Meanwhile, Gold continues to gain momentum, benefiting from USD weakness on both fundamental and technical fronts. As per our previous analysis, the bullish trend remains intact, and we will continue looking for BUY opportunities at key support levels while monitoring resistance zones near all-time highs (ATH).
📊 CPI Impact on USD & GOLD – What’s Next?
🔹 Short-term USD Weakness, But Potential Recovery?
The lower-than-expected CPI report has increased bearish pressure on the USD.
However, in the long run, the USD may find stability and enter a recovery phase.
For now, USD weakness continues to support Gold’s upside potential, bringing it closer to key resistance zones.
🔸 Gold’s Strength – Will It Hit New All-Time Highs?
With USD weakening and market uncertainty rising, Gold remains a preferred safe-haven asset for investors.
Our primary strategy remains BUY on dips, anticipating further upside.
Tonight’s Producer Price Index (PPI) report could be a major catalyst for USD and Gold volatility.
📉 Key Technical Levels for GOLD
🔹 Major Resistance Levels:
2,945 - 2,956 - 2,972 - 2,988
🔻 Major Support Levels:
2,931 - 2,922 - 2,914 - 2,906 - 2,898
🎯 Trading Plan for Today
🟢 BUY ZONE: 2,922 - 2,920
📍 SL: 2,916
🎯 TP: 2,926 - 2,930 - 2,935 - 2,940 - 2,950
🔴 SELL ZONE: 2,955 - 2,957
📍 SL: 2,961
🎯 TP: 2,950 - 2,946 - 2,942 - 2,938 - 2,930
⚡ PPI Report Tonight – Market Volatility Alert!
📌 The US Producer Price Index (PPI) report is set to release today, a key indicator of inflation at the production level.
📌 If PPI data is weaker than expected, USD could face further pressure, pushing Gold higher.
📌 On the other hand, stronger PPI figures could help the USD recover, leading to potential Gold corrections.
📢 Are you ready for high volatility? Stick to your TP/SL to keep your capital safe! 🚀🔥
💬 Will Gold hit a new all-time high, or is a USD recovery imminent? Drop your thoughts in the comments!
USDCHF: The battle of 0.9000 - Sell or wait?Hello everyone, Ben here!
USDCHF previously broke its uptrend as the fundamental landscape shifted, and the dollar entered a correction phase. Clearly, sellers are in control, as illustrated on the chart.
Fundamentally, the situation is becoming more complex due to the tariff war initiated by Trump, with European countries responding in kind. Economic risks are rising. Additionally, with rumors of rate cuts from Trump and Powell, the dollar has entered a correction phase, which has had a positive impact on the forex market.
From a technical perspective, the 0.9000 level plays a crucial role, as it represents a strong zone. If sellers manage to keep the price below this level, within the selling zone, it will confirm further downside movement.
I also cannot rule out the possibility of a retest of the previous breakout range before a deeper decline. Emphasizing the 0.9000 level!
Best regards,
Bentradegold!
EURUSD: Attempting to change the trendHello dear friends, Ben here!
Currently, EURUSD is attempting to capture recovery due to the dollar's adjustment. The price is forming a reaction from the resistance channel consolidation before breaking out and growing further.
Accordingly, after breaking through the trend channel resistance level, the price has moved into a consolidation phase around the range of 1.053 to 1.021. Within this, the price is testing the resistance level of 1.038. From this, we can argue that the market is still working to change its trend and become stronger against the dollar's adjustment.
Resistance levels: 1.038, 1.053
Support levels: 1.033, 1.021
Emphasizing the resistance level of 1.038, with confirmation of consolidation above this level, there will be nothing stopping EURUSD from further growth.
Best regards, Bentradegold!
GOLD → Consolidating around 2921 — Poised for a Breakout!OANDA:XAUUSD continues its upward trajectory amid rising economic risks and a weakening dollar. The metal is currently testing resistance at 2921 and appears poised for further gains.
The U.S. dollar has broken its bullish structure, driven by comments from the U.S. Treasury regarding potential rate cuts. This intervention has significantly influenced market sentiment. Theoretically, gold is unlikely to decline further due to trade war risks and expectations of a dovish Fed policy. Additionally, weak ADP employment data and PMI figures could provide further bullish momentum for gold.
Key levels to watch are 2913 and 2903, which have already been tested and tapped into liquidity zones. Now, all eyes are on 2927—if this level holds, gold could retreat back to the 2913-2903 support zone. However, a breakout above 2927 could fuel further upside, with the next targets at 2942-2956.
Share your thoughts, opinions, and questions—let's discuss what’s unfolding in the market!
TradeCityPro | MNTUSDT Effects of Bybit Hack👋 Welcome to the TradeCityPro channel!
Let's analyze and examine the main chain mantle coin and examine the effects of the Bybit hack last month
🌐 Overview Bitcoin
Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together.
This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames.
📊 Weekly Timeframe
On the weekly time frame, this coin was in good condition and was near its new high and could even break this resistance level well!
But the continuous events of the crypto market caused a deep correction of 50% of this chart, from Trump's tariffs to the Bybit hack, and since the MNT coin was one of the main Bybit holding coins, it caused its recent fall.
In this timeframe, we made our purchase for DeFi at the level of 0.6577 and now it is only a little in profit, although we took out some with the weekly engulfing candle, but I will continue to hold and if we lose 0.5457, I will exit completely.
📈 Daily Timeframe
In the daily timeframe, after the daily box between 0.5457 and 0.6622 broke and momentum entered, we started our move and reached a very important resistance level of 1.3947 and after that we recorded a lower ceiling.
After breaking the important bottom of 0.9311, the exit trigger It was our spot that became active and after pulling back to it, we experienced a continued decline and now we are back to important support which was previously the ceiling of our ascending box and is an important level for us!
It is not a good time to buy again right now and we need to form a new structure, but the fact that we have a weak downtrend can be a good sign in itself, but we still need to create new space for now. For selling, I will wait and cash out my coins below 0.5457 and say goodbye to this coin without bias :))
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Gold (XAU/USD) at a Critical Level – Key Zones to WatchCurrently, there is mixed bias in the market. On the higher timeframe (D1), the candle is rejecting with strong momentum, indicating selling pressure. However, there is also a possibility that it is forming a bottom wick, which could lead to a rejection from key levels like 2930.
Key Observations:
If 2930 acts as support, we may see a bounce, leading to a potential upside move.
If 4H sustains below 2930, it could indicate further downside continuation.
Trade Setup: 30m
🔹 Buy above 2045 if price shows bullish confirmation.
🔹 Sell below 2030 if price sustains under this level.
📊 Waiting for price action confirmation before entering a trade.
XAU/USD Chart"Do you think gold can give us a profit before it closes its weekly candle, reaching from the current price of 2958?"
"Do you think gold can give us a profit before it closes its weekly candle, reaching from the current price of 2958? And if you were in this trade, where would you set your take profit and stop loss?"
AUDUSD BULLISH OR BEARISH ??? DETAILED ANALYSISAUDUSD is currently trading around 0.62900 and forming a **bearish flag pattern**, a well-known continuation pattern that suggests further downside momentum. After a sharp downward move, price action is consolidating within a parallel channel, indicating a potential breakdown. If the bearish flag confirms with a breakout below the support zone, we could see a strong move toward 0.60900.
Technically, the **0.62500 level acts as a critical support**, and a breakdown below it could accelerate selling pressure. The next key support zone aligns around 0.62000, followed by the ultimate target of 0.60900. Volume confirmation and a decisive close below the flag's lower boundary will strengthen the bearish outlook. Traders should watch for price rejection near resistance levels and any signs of increased selling pressure.
From a fundamental perspective, the **us dollar remains strong amid hawkish Federal Reserve policy**, while risk-off sentiment is weighing on the australian dollar. Factors such as weaker economic data from China, declining commodity prices, and lower demand for high-yielding currencies could further drive audusd lower. Additionally, expectations of **RBA's monetary policy stance** and global risk trends will play a crucial role in shaping the pair’s direction.
In conclusion, audusd is on the verge of breaking out of a **bearish flag pattern**, signaling potential downside movement toward 0.60900. Traders should stay alert for a confirmed breakout with strong bearish momentum, as this setup offers a high-probability trade opportunity.
EURUSDEURUSD has gotten to the Daily OB where we are looking for possible reversal confirmations. And here on the 15mins - price has Changed Character and also confirmed with a new BOS, before the BOS, we can see how price has reacted, creating even more liquidity - equal highs close to our entry zone which is above 50% fib retracement. I am looking to short price from the 1.09048 zone targeting the 1.08416 zone where we have a possible roadblock for price to stop and continue the buys on the 1H TF, or sell all the way to the 1.06068 zone to facilitate a new buys.
SILVER (XAGUSD): Pullback From Resistance
In comparison to Gold, Silver looks bearish after a test of a key daily resistance cluster.
A head and shoulders pattern on an hourly time frame confirms a local
bearish sentiment and overbought state of the market.
The price may continue retracing at least to 3291 level.
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#NIFTY Intraday Support and Resistance Levels - 13/03/2025Flat opening expected in index. After opening if nifty starts trading above 22500 level then expected upside rally upto 22650+ in today's session. 22650 level will act as an immediate upside resistance. Expected reversal from this level. Major downside expected if nifty not sustain above 22500 and starts trading below 22450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(13/03/2025)Today will be flat opening expected in index. Currently market consolidating in small range. Expected breakout of this consolidation zone in today's session. If banknifty sustain above 48050 level then possible upside move upto 48450. Also, In case banknifty starts trading below 47950 level can gives sharp downside rally of 400-500+ points. Downside 47550 level will act as a support for today's session.
Thu 13th Mar 2025 EUR/AUD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/AUD Sell. Enjoy the day all. Cheers. Jim
Nightly $SPY / $SPX Scenarios for March 13, 2025 🔮 🔮
🌍 Market-Moving News 🌍:
🇰🇷🇺🇸 South Korea's Trade Minister Visits U.S. 🇰🇷🇺🇸: South Korea's Trade Minister, Cheong In-kyo, is visiting Washington, D.C., from March 13 to 14 to discuss trade issues, including reciprocal tariffs and investment opportunities, with U.S. counterparts. This visit aims to address concerns about tariffs following President Trump's comments regarding disparities between U.S. and South Korean tariffs. The outcome of these discussions could impact sectors reliant on U.S.-South Korea trade relations.
🇩🇪🛠️ German Debt Reform Debates 🇩🇪🛠️: Germany's Bundestag is set to begin debates on debt reform plans starting March 13, focusing on increasing infrastructure spending and reforming state borrowing rules to fund defense. The proposed creation of a €500 billion infrastructure fund aims to stimulate the economy. These reforms could influence European economic stability, indirectly affecting U.S. markets through global economic interconnections.
📊 Key Data Releases 📊:
📅 Thursday, March 13:
🏭 Producer Price Index (PPI) (8:30 AM ET) 🏭:The PPI measures the average change over time in selling prices received by domestic producers, offering insights into wholesale inflation trends.
Forecast: +0.3% month-over-month
Previous: +0.4% month-over-month
📉 Initial Jobless Claims (8:30 AM ET) 📉:This weekly report indicates the number of individuals filing for unemployment benefits for the first time, providing insight into the labor market's health.
Forecast: 226K
Previous: 221K
⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult with a professional financial advisor before making investment decisions.⚠️
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
#BANANAUSDT maintains bearish momentum📉 Short BYBIT:BANANAUSDT.P from $14.905
🛡 Stop loss $15.490
🕒 1H Timeframe
⚡️ Overview:
➡️ The main POC (Point of Control) is at 16.112, indicating the area with the highest trading volume.
➡️ The 15.490 level acts as a local resistance, as the price previously faced selling pressure there.
➡️ The volume and market profile highlight areas of high trader activity, especially in the 14.250 – 15.500 range.
➡️ The chart shows a potential decline after an impulse move and profit-taking.
🎯 TP Targets:
💎 TP 1: $14.580
💎 TP 2: $14.250
💎 TP 3: $13.920
📢 Monitor key levels before entering the trade!
📢 If 15.490 is broken upward, the trade may be invalidated.
📢 If the price continues to decline and breaks through TP 1, the downside potential remains.
BYBIT:BANANAUSDT.P maintains bearish momentum — expecting further downside movement!
#RUNEUSDT is showing signs of growth📈 Long BYBIT:RUNEUSDT.P from $1.161
🛡 Stop loss $1.140
🕒 1H Timeframe
⚡️ Overview:
➡️ The main POC (Point of Control) is at 1.08, indicating the area with the highest trading volume.
➡️ The 1.154 level acts as a local support, as the price previously bounced from this zone.
➡️ The volume and market profile highlight areas of high trader activity, especially in the 1.100 – 1.161 range.
🎯 TP Targets:
💎 TP 1: $1.174
💎 TP 2: $1.185
💎 TP 3: $1.195
📢 Monitor key levels before entering the trade!
📢 If 1.140 is broken downward, the trade may be invalidated.
📢 If the price holds above 1.161 and continues rising, the bullish momentum remains intact.
BYBIT:RUNEUSDT.P is showing signs of growth — expecting further upside movement!
#XLMUSDT is showing signs of growth📈 Long BYBIT:XLMUSDT.P from $0.26325
🛡 Stop loss $0.25955
🕒 1H Timeframe
⚡️ Overview:
➡️ The main POC (Point of Control) is at 0.25511, indicating the area with the highest trading volume.
➡️ The 0.25955 level acts as a local support, as the price previously bounced from this zone.
➡️ The volume and market profile highlight areas of high trader activity, especially in the 0.24984 – 0.26325 range.
➡️ The chart shows a forming bullish structure, confirming the potential for further upward movement.
🎯 TP Targets:
💎 TP 1: $0.26630
💎 TP 2: $0.26930
💎 TP 3: $0.27240
📢 Monitor key levels before entering the trade!
📢 If 0.25955 is broken downward, the trade may be invalidated.
📢 If the price holds above 0.26325 and continues rising, the bullish momentum remains intact.
BYBIT:XLMUSDT.P is showing signs of growth—expecting further upside movement!
EURCAD - Weekly Forecast - Technical Analysis & Trading IdeasOANDA:EURCAD
💡 Daily Timeframe:
As forecasted by 4CastMachine AI, The Euro also reached our TP7 at 1.5777 by breaking the resistance at 1.5156.
The broken resistance area will serve as our new support area and Buy Zone.
As long as this area is not broken down, there is a possibility of a resumption of the uptrend.
If the price enters our new buy zone with a corrective wave and is rejected from it, we will enter with buy trades.
💡 H4 Timeframe:
The bearish wave is expected to continue as long as the price is below the strong resistance at 1.5857
💡 H1 Timeframe:
The uptrend is broken, and price is in an impulse wave.
1.5729 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
__________________________________________________________________
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Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
TradeCityPro Academy | Dow Theory Part 3👋 Welcome to TradeCityPro Channel!
Welcome to the Educational Content Section of Our Channel Technical Analysis Training
We aim to produce educational content in playlist format that will teach you technical analysis from A to Z. We will cover topics such as risk and capital management, Dow Theory, support and resistance, trends, market cycles, and more. These lessons are based on our experiences and the book The Handbook of Technical Analysis.
🎨 What is Technical Analysis?
Technical Analysis (TA) is a method used to predict price movements in financial markets by analyzing past data, especially price and trading volume. This approach is based on the idea that historical price patterns tend to repeat and can help traders identify profitable opportunities.
🔹 Why is Technical Analysis Important?
Technical analysis helps traders and investors predict future price movements based on past price action. Its importance comes from several key benefits:
Faster Decision-Making: No need to analyze financial reports or complex news—just focus on price patterns and trading volume.
Better Risk Management: Tools like support & resistance, indicators, and chart patterns help traders find the best entry and exit points.
Applicable to All Markets: Technical analysis can be used in Forex, stocks, cryptocurrencies, commodities, and even real estate.
In the previous session, we explained Principles 3 and 4 of the Dow Theory. Be sure to review and study them, and if you have any questions, let us know in the comments.
📑 Principles of Dow Theory
1 - The Averages Discount Everything (Not applicable to crypto)
2 - The Market Has Three Trends
3 - Trends Have Three Phases
4 - Trend Continues Until a Reversal is Confirmed
5 - The Averages Must Confirm Each Other
6 - Volume Confirms the Trend
📈 Principle 5: Trends Persist Until a Clear Reversal Signal Appears
Full Explanation:
Dow Theory says that once a market picks a direction—like going up (bullish trend) or down (bearish trend)—it keeps moving that way until something big and obvious says, “Nope, we’re turning around!” Think of it like momentum: the market’s lazy and sticks to its path unless it gets a solid reason to switch.
What’s a Trend? It’s the market’s overall direction. Uptrend means higher highs and higher lows (prices keep climbing). Downtrend means lower highs and lower lows (prices keep dropping). Sideways means it’s stuck in a range.
What’s a Reversal Signal? In an uptrend, if prices stop making new highs and start forming lower highs and lows, plus break a key level (like support), that’s a sign the trend’s flipping. In a downtrend, it’s the opposite—higher highs and lows plus breaking resistance mean it’s turning up.
Why Does This Happen? Markets reflect crowd behavior. When everyone’s buying or selling, the trend builds steam and doesn’t stop until the crowd’s mood shifts big-time.
Key Point: Small dips or spikes don’t count. A little drop in an uptrend? Normal. You need a clear pattern or a big break to call it a reversal.
Practical Use: Traders use this to avoid panic-selling on tiny moves and wait for strong signals before jumping ship.
Simple Example:
It’s like riding a bike downhill—you keep rolling fast until you hit a wall or slam the brakes.
📊 Principle 6: Trends Must Be Confirmed by Volume
Full Explanation:
This principle says a trend isn’t legit unless trading volume backs it up. Volume is how much is being bought or sold. If the trend’s real, volume should match it—high volume means lots of people are in on it, low volume means it might be fake or weak.
Uptrend: Prices rising with growing volume? That’s a strong bull run—buyers are all in. Prices up but volume’s tiny? Could be a fluke or manipulation.
Downtrend: Prices falling with big volume? Sellers mean business—bear trend’s solid. Falling prices with low volume? Might just be a quick dip, not a real crash.
How Volume Confirms: It’s like a lie detector for trends. Big volume says, “This move’s for real!” Low volume says, “Eh, don’t trust it yet.”
Extra Detail: In an uptrend, if volume starts dropping, it’s a warning—buyers might be losing steam. In a downtrend, low volume could mean sellers are running out of ammo, hinting at a bounce.
Why It Matters? Dow believed volume shows the market’s true energy. No crowd, no power—simple as that.
Practical Use: Traders check tools like OBV (On-Balance Volume) or volume bars. If a stock jumps but volume’s dead, they might skip it it’s a trap.
Simple Example:
It’s like a party if tons of people show up dancing, it’s a real vibe. If just two guys are there, it’s probably lame.
🎉 Conclusion
We’ve reached the end of today’s educational segment! We’ll start by explaining all of Dow Theory’s principles, and in the future, we’ll move on to chart analysis and the strategy I personally use for trading with Dow Theory. So, make sure you fully grasp these concepts first so we can progress together in this learning journey!
💡 Final Thoughts for Today
This is the end of this part, and I must say we have a long journey ahead. We will continually strive to produce better content every day, steering clear of sensationalized content that promises unrealistic profits, and instead, focusing on the proper learning path of technical analysis.
⚠️ Please remember that these lessons represent our personal view of the market and should not be considered financial advice for investment.