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Technical Analysis

Crude Oil / WTI short cheap and good time to bounceVolatility on WTI has been very strong on past years but is narrowing. Especially in past months we can see a seemingly tightening volatility in prices. And we all know what that means right ?! Correct, a breakout will follow. The questions is only in which direction. A good risk ration is achievable since we are very close to a bounce level / support (green line) and far away from the next resistance (red line). Commodity markets tend to be mean reverting and whenever commodities are cheap it makes sense to but them. Boom and bust cycles. But this is rather a long term strategy. In any case, breakdown as below: Entry: Ideally we would average down the long position down to 67.28 and potentially below, in case price tests areas below. Exit: Ideally we would exit at TP slightly before 80 USD to avoid the resistance and the magical strength of full numbers. Something like 79.4 USD should work. If price moves against us close at SL or once daily candle break below the support and closes. In such case we could even consider a short position but with tight TP as fundamental dont point towards much lower prices. Conclusion: An easy trade can be entered with good risk reward ratio if executed correctly. Disclaimer: This is non financial advice let me know if any question.
TVC:USOILLong
by RobbybubbleX
1
Bitcoin Loses Key Support – Is the Bull Trend in Trouble?Bitcoin has fallen sharply, breaking below the $91,000 support level, which previously acted as a major floor for the uptrend. The cryptocurrency is now testing the 200-EMA ($79,897) as it struggles to find buying interest. 🔍 Technical Breakdown: 📉 Major Breakdown – The loss of $91,000 has turned sentiment bearish. 📉 200-EMA as Last Defense – Holding above $80,000 is critical to avoid deeper losses. 📉 RSI at 29.30 – Bitcoin is entering oversold territory, suggesting a potential relief bounce. 📉 MACD Bearish – The indicator remains deeply negative, confirming ongoing selling momentum. 📌 Key Levels to Watch: 🔹 $80,000-$79,000 – Crucial support zone; a breakdown here could trigger further selling. 🔹 $91,000 – Now resistance; bulls must reclaim this level to restore confidence. 🔹 $100,000+ – Long-term bullish outlook remains intact above this mark. 💡 Trading Outlook: 🔻 Bearish Case: A sustained break below $80,000 could accelerate downside pressure, targeting $72,500 (61.8% Fib retracement). 🔺 Bullish Case: If Bitcoin holds above the 200-EMA, a relief bounce toward $91,000 is possible, but buyers need to reclaim it to shift momentum. Bitcoin's long-term trend is still bullish, but the recent breakdown raises concerns about further downside risk. Can bulls defend $80,000, or is this the start of a deeper correction?
FOREXCOM:BTCUSD
by FOREXcom
USD/CHF Breaks Key Support – Bears Taking Control?The USD/CHF pair has decisively broken below its 200-EMA (0.8887) and key horizontal support (0.8915), signaling a potential shift in momentum toward further downside. After failing to hold above 0.90, sellers have stepped in, dragging price action lower. 🔍 Technical Overview: ✅ Support Break – The loss of 0.8915 puts 0.88 in focus. ✅ 200-EMA Breached – A significant bearish technical development. ✅ RSI at 37.52 – Momentum is weak but not yet oversold. ✅ MACD Bearish – The bearish crossover remains intact, confirming downward pressure. 📌 Key Levels to Watch: 🔹 0.8915 – Broken support, now resistance; bears defending it strongly. 🔹 0.8800 – Next major support level; a break below could accelerate selling. 🔹 0.9000 – Bullish recovery only valid above this level. 💡 Trading Outlook: 🔻 Bearish case: As long as USD/CHF remains below 0.8915, bears are in control. If 0.88 breaks, it could open the door toward 0.87. 🔺 Bullish case: Buyers need to reclaim 0.8915 and the 200-EMA to shift momentum back in their favor. With the USD showing weakness, CHF bulls could push further downside. Is this the start of a new downtrend, or will buyers step in at 0.88? 🚨
by FOREXcom
USD/CAD Bulls in Control, Eyeing 1.48 Resistance?USD/CAD has been riding a well-defined ascending channel since mid-February, pushing toward 1.45 after bouncing off its 50-EMA support. The pair remains in a firm uptrend, with bulls showing resilience despite intraday pullbacks. 🔍 Technical Overview: ✅ Trending Higher – Price action remains inside the rising channel. ✅ Support Holding Strong – The 50-EMA (1.4366) has acted as dynamic support. ✅ Momentum Intact – RSI at 64 is bullish but not yet overbought. ✅ MACD Slightly Flat – Suggesting momentum is steady but not accelerating significantly. 📌 Key Levels to Watch: 🔹 1.4500-1.4520 – Immediate resistance; a breakout could push toward 1.48. 🔹 1.4360-1.4400 – Key support zone, aligned with trendline & 50-EMA. 🔹 1.4800 – Major resistance from early February; bulls need a breakout for a larger move. 💡 Trading Outlook: 🔺 Bullish case: A clean breakout above 1.4520 could fuel a run toward 1.48, especially if broad USD strength continues. 🔻 Bearish case: A close below 1.4360 would break the channel, signaling a possible pullback toward 1.42. Bulls remain in charge for now, but the rally needs follow-through to sustain the upside momentum. Keep an eye on that 1.45 handle! What’s your next move—ride the trend or wait for a pullback?
by FOREXcom
Gold Going To ATH!Gold Market Update: The gold price has successfully broken above the bearish Falling Volume Gap (FVG) previously identified on the chart. This technical development suggests a potential bullish reversal. Near-Term Outlook: The market is expected to retest the $2912-$2915 level, which will provide confirmation for a buy signal. A successful retest and close above this level will prompt a buy recommendation, targeting the all-time high (ATH) liquidity level. Alternative Scenario: Conversely, if the gold price closes below the $2912-$2915 level, a bearish outlook will prevail, and investors should prepare for potential downside momentum.
OANDA:XAUUSDLong
by Peter_Wade
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.
Short
by AndrewsMarket-Mastery
Nightly $SPY / $SPX Scenarios for March 4, 2025 🔮🔮 🌍 Market-Moving News 🌍: 🇺🇸📈 Implementation of U.S. Tariffs 📈: Effective today, the United States has imposed a 25% tariff on imports from Canada and Mexico, and a 10% tariff on imports from China. These measures aim to address trade imbalances and protect domestic industries. ​ 🇺🇸🏛️ Presidential Address to Congress 🏛️: President Donald Trump is scheduled to deliver his first address to Congress since his re-election, where he is expected to discuss the newly implemented tariffs and their anticipated impact on the U.S. economy. ​ investopedia.com 📊 Key Data Releases 📊: 📅 Tuesday, March 4: 🏛️ Treasury Auctions 🏛️: 8-Week Bill Auction (6:00 AM ET): The U.S. Department of the Treasury will auction 8-week bills, providing insights into short-term government borrowing costs.​ 17-Week Bill Auction (10:00 AM ET): A 17-week bill auction will also take place, offering additional perspective on investor demand for U.S. debt instruments.​ 4-Week Bill Auction (10:00 AM ET): The Treasury will auction 4-week bills, contributing to the understanding of immediate-term borrowing conditions.​ ⚠️ 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
AMEX:SPYLong
by TrendTao
TradeCityPro | BIGTIMEUSDT Final Downtrend?👋 Welcome to TradeCityPro Channel! Let's analyze and review the new gaming coin BIGTIME and see what the market is going to be like. I feel like we're going to see the final downtrend. 🌐 Bitcoin Overview Before starting today's altcoin analysis, let's look at Bitcoin on the 1-hour timeframe. Since yesterday, Bitcoin experienced a correction, which was necessary for the market, and it pulled back to the 102135 range. The next trigger for a long position will be a breakout above 104714. Yesterday's correction, coupled with an increase in Bitcoin dominance, caused noticeable declines in some altcoins. This highlights the importance of monitoring BTC pairs in your checklist these days. 📊 Weekly Timeframe This coin is not in an interesting situation on the weekly time frame and after being rejected from the resistance of 0.22109, it is continuing its downward trend and is recording a lower high and low If the weekly candle closes like this and we lose the support of 0.06479, the declines will continue and if you are holding this coin, I suggest you exit temporarily and if it enters again, you will simply enter with a smaller number of this coin and your number of Tethers will be preserved They are not really in good conditions for buying right now, but if the support is faked, we can get a trigger from them, but normally the best trigger is after the failure of 0.22109, but I repeat, the fake of this support can form a new trend! 📈 Daily Timeframe The situation is the same on the weekly time frame and the probability of a fall is higher than ever, and after the rejection of this important resistance at 0.22785, we have experienced a 75% drop so far! After this drop, we went into the range box between 0.05801 and 0.07342, and it is natural to suffer a little until our RSI rejected the middle line of 50, which again increased the probability of a fall. Also, today's daily candle is very important, and if it closes like this, we are engulfing a few of our previous candles and the probability of a support floor breakdown is higher than ever, so you can open a short position and exit the spot, and your second entry for the spot breakdown will be 0.09270! 📝 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!
Short
by tradecitypro
1
Falling Resistance Trendline Breakout on 2 hr Timeframe.Hello everyone, i hope you all will be doing good in your life and your Trading as well. Today i have analysed gold chart and found it has given breakout of falling resistance trendline, i am expecting momentum for upside in this. Probability is high it should travel towards our target area. The volume has been increasing, suggesting strong buying interest, and the RSI at 62.32 is in the bullish zone, confirming the upward momentum. Additionally, the MACD crossover adds further confidence to this bullish setup. The ideal entry point is when the price breaks above the resistance at 2,955.16 . Set the stop loss just below the support level at 2,860.96 to manage risk. For targets, consider aiming for 2,965.00 , 2,975.00 , and 2,985.00 , with the final target around 2,995.00 . If the breakout holds, this setup could present a strong uptrend continuation. Disclaimer:- This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions. If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
OANDA:XAUUSDLong
by TraderRahulPal
1
Coffee Futures Outlook: Potential Corrections Ahead After HistorCoffee futures have experienced a strong upward movement, breaking their all-time high and unlocking Fibonacci-based mirroring and projection targets. However, the manner in which the price reached this level—overextended and distanced from its moving averages—combined with last month’s candlestick signaling selling pressure, suggests a high probability of corrective movements in the coming months. Should a pullback occur, it will be crucial to monitor how the price reacts upon testing the 20-period moving average.
BMFBOVESPA:ICF1!
by Luiz_soares
Solana Reverses Downtrend: Trump's View on Crypto and What Next.Solana Breaks Downtrend Line: Trump’s Crypto Stance and Key Resistance at $180 Solana has recently broken the downtrend line on its daily timeframe, which has garnered significant attention in the crypto market. This shift in momentum comes amidst former President Donald Trump’s comments on cryptocurrencies, where he named XRP, Solana, and Cardano as potential candidates for a U.S. crypto reserve. His statements have sparked renewed interest in these assets, pushing their value upward. Currently, Solana is facing resistance at the $180.00 level. For traders looking to enter a long position, it’s crucial to wait for a breakout above this key resistance. Confirming the breakout would require the price to close above the $180 level in a 4-hour timeframe. Until then, caution is advised, as the market continues to test this critical threshold. Traders should monitor the situation closely for any signs of a breakout or rejection at the $180 level. If Solana manages to close above this level, it could signal the next phase of its upward momentum, with potential for further gains. However, patience is essential to ensure the breakout is confirmed before entering any long positions.
Long
by Kartik_Elkunchwar