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EURNZD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: 1.84895 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: A trough is formed in daily chart at 1.81705 on 02/21/2025, so more gains to resistance(s) 1.89340, 1.90550, 1.91400 and more heights is expected. Supports and Resistances: 1.95650 1.90550 1.87650 1.85400 1.81700 1.78251 1.76500 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! 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
Long
by ForecastCity
12
Robinhood’s Moment of Truth! Breakout, Retest, and Go? Hi, Robinhood is one of the potential candidates to be included in the S&P 500 index. The new grouping will take place in 21. March From a technical perspective, this is one of the possible zones where, after a short pause, we saw a breakout and now the price has come back to retest the consolidation area. Of course, fundamentals play a big role here, but historically, a similar setup has worked well last year. So, the zone is set—let’s see if this move repeats itself. Technically, the key range is $35 - $44. Cheers, Vaido
NASDAQ:HOODLong
by VaidoVeek
IOST Breakout Coming? Avoid FOMO & Trade Smart!IOST/USDT 1W chart shows a strong bounce from the support zone, indicating potential bullish momentum. The price is currently approaching the falling resistance trendline, which has acted as a major barrier in previous attempts to rally. The Stoch RSI has formed a bullish crossover, signaling a possible trend reversal. However, a breakout above the descending resistance trendline is required to confirm further upside. If you missed the entry at the bottom, avoid emotional FOMO—wait for a confirmed breakout to capture the next leg up.
Long
by unichartz
Soybean Futures Surge: ZS, ZL, and ZM Align for a Bullish MoveI. Introduction Soybean futures are showing a potentially strong upcoming bullish momentum, with ZS (Soybean Futures), ZL (Soybean Oil Futures), and ZM (Soybean Meal Futures) aligning in favor of an upward move. The recent introduction of Micro Ag Futures by CME Group has further enhanced trading opportunities by allowing traders to manage risk more effectively while engaging with longer-term setups such as weekly timeframes. Currently, all three soybean-related markets are displaying bullish candlestick patterns, accompanied by strengthening demand indicators. With RSI confirming upward momentum without entering overbought territory, traders are eyeing potential opportunities. Among the three, ZM appears to be the one which will potentially provide the greatest strength, showing resilience in price action and a favorable technical setup for a high reward-to-risk trade.   II. Technical Analysis of Soybean Markets A closer look at the price action in ZS, ZL, and ZM reveals a confluence of bullish factors: o Candlestick Patterns: All three markets have printed bullish weekly candlestick formations, signaling increased buying interest. o RSI Trends: RSI is in an uptrend across all three contracts, reinforcing the bullish outlook. Importantly, none of them are currently in overbought conditions, suggesting further upside potential. o Volume Considerations: Higher volume on up moves and decreasing volume on down-moves adds credibility to the bullish bias. III. Comparative Price Action Analysis While all three soybean-related markets are trending higher, their relative strength varies. By comparing recent weekly price action: o ZM (Soybean Meal Futures) stands out as the one which will potentially become the strongest performer. Last week, ZM closed above its prior weekly open, marking a +1.40% weekly gain. RSI is not only trending higher but is also above its average, a sign of potential continued strength. o ZS and ZL confirm bullishness but lag slightly in relative strength when compared to ZM. This comparative analysis suggests that while all three markets are bullish, ZM presents the most compelling trade setup in terms of technical confirmation and momentum. IV. Trade Setup & Forward-Looking Trade Idea Given the strong technical signals, the trade idea focuses on ZM (Soybean Meal Futures) as the primary candidate. Proposed Trade Plan: Direction: Long (Buy) Entry: Buy above last week’s high at 307.6 Target: UFO resistance at 352.0 Stop Loss: Below entry at approximately 292.8 (for a 3:1 reward-to-risk ratio) Reward-to-Risk Ratio: 3:1 Additionally, with the introduction of Micro Ag Futures, traders can now fine-tune position sizing, making it easier to manage risk effectively on longer-term charts like the weekly timeframe. Given the novelty of such micro contracts, here is a CME resource that could be useful to understand their characteristics such as contracts specs . V. Risk Management & Trade Discipline Executing a trade plan is just one part of the equation—risk management is equally critical, especially when trading larger timeframes like the weekly chart. Here are key considerations for managing risk effectively: 1. Importance of Precise Entry and Exit Levels Entering above last week’s high (307.6) ensures confirmation of bullish momentum before taking a position. The target at 352.0 (UFO resistance) provides a well-defined profit objective, avoiding speculation. A stop-loss at 292.8 is strategically placed to maintain a 3:1 reward-to-risk ratio, ensuring that potential losses remain controlled. 2. The Role of Stop Loss Orders & Hedging A stop-loss prevents excessive drawdowns in case the market moves against the position. Traders can also hedge using Micro Ag Futures to offset exposure while maintaining a bullish bias on the broader trend. 3. Avoiding Undefined Risk Exposure The Micro Ag Futures contracts enable traders to scale into or out of positions without significantly increasing risk. Position sizing should be adjusted based on account risk tolerance, ensuring no single trade overly impacts capital. 4. Adjusting for Market Volatility Monitoring volatility using ATR (Average True Range) or other risk-adjusted indicators helps in adjusting stop-loss placement. If volatility increases, a wider stop may be needed, but it should still align with a strong reward-to-risk structure. Proper risk management ensures that trades are executed with discipline, preventing emotional decision-making and maximizing long-term trading consistency. VI. Conclusion & Disclaimers Soybean futures are showing bullishness, with ZS, ZL, and ZM aligning in favor of further upside. However, among them, ZM (Soybean Meal Futures) potentially exhibits the most reliable momentum, making it the prime candidate for a high-probability trade setup. With bullish candlestick patterns, RSI trends confirming momentum, and volume supporting the move, traders have an opportunity to capitalize on this momentum while managing risk effectively using Micro Ag Futures. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CBOT:ZM1!Education
by traddictiv
2
GBPUSD Retracing Before the Next Bullish Wave GBPUSD is currently experiencing rejection from a key resistance zone between the 0.5 to 0.618 Fibonacci retracement levels, around 1.288. This suggests that the pair is undergoing a healthy correction before resuming its bullish trend. A small retest to the downside could provide buyers with a better entry point before the next strong upward move. If support holds around 1.260, GBPUSD may gather momentum for another bullish rally. Fundamentally, the pair remains supported by recent market sentiment favoring the British pound. Positive economic data from the UK and expectations around the Bank of England's policy stance could provide further upside pressure. Meanwhile, the U.S. dollar's strength or weakness will also play a crucial role, particularly as traders anticipate upcoming Federal Reserve decisions and inflation data. Any signs of economic slowdown in the U.S. could push GBPUSD higher. From a technical perspective, traders should closely watch the 1.260 level as a potential retest zone. If this level holds, we could see renewed buying pressure targeting new highs beyond 1.288. A breakout above this resistance could accelerate gains, opening the door for further bullish movement. Keeping an eye on market volume and price action at key Fibonacci levels will be crucial for identifying the best trade opportunities.
Long
by AndrewsMarket-Mastery
2
MarketBreakdown | EURUSD, USDCHF, EURAUD, US30 Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD weekly time frame 🇪🇺🇺🇸 After multiple attempts to violate a key daily horizontal resistance, EURUSD was rejected. It looks like the underlined blue area will keep being a strong supply area. Probabilities will be high to see a pullback from that. 2️⃣ #USDCHF daily time frame 🇺🇸🇨🇭 The price reached a significant daily demand cluster on Friday. That zone concentrates huge buying volumes. I think that the pair is going to start a correctional movement soon. 3️⃣ #EURAUD weekly time frame 🇪🇺🇦🇺 The market did not manage to break a key daily horizontal resistance level. We see a strong bearish pressure after the market opening today. Chances are high that the market will continue falling. 4️⃣ #US30 1 hour time frame 🇬🇧🇨🇦 I see a nice gap down opening. With a high probability, it is going to be filled soon. Expect an intraday bullish movement. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
Bitcoin (BTC/USD) Bearish Breakdown Potential – Key Support Leve: 🔍 Technical Analysis: Resistance Zones (Purple Rectangles at the Top) The price recently hit a resistance area around $92,000. It also tested an ascending trendline (red line) and failed to break higher. Support Zones (Purple Rectangles at the Bottom) There are two significant support areas: First zone around $87,500 - $88,000. Second zone around $82,000 - $83,000. Bearish Expectation (Black Arrow) The price is projected to break down from the current level. A potential lower high formation suggests further decline. Target areas: $88,000 first, then possibly $82,000. 🔥 Conclusion Bearish bias if the price fails to reclaim the resistance. A breakdown below $88,000 could accelerate the drop. Watch for rejection signals at resistance zones before confirming short trades.
BITSTAMP:BTCUSDShort
by Jameshead007
1