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Dollar Decline Propels Silver Above $32Silver extended its rally beyond $32 per ounce in early March, supported by a weaker U.S. dollar. The U.S. imposed new tariffs on Canadian, Mexican, and Chinese imports, prompting Canada’s 25% counter-tariffs and China’s additional levies of 10%-15%, along with export restrictions on select U.S. entities. Investors now focus on Friday’s U.S. nonfarm payrolls report for clues on the Federal Reserve’s monetary policy outlook. If silver breaks above $32.75, the next resistance levels are $33.15 and $33.80. On the downside, support is at $31.00, with further levels at $30.20 and $29.75 if selling pressure increases.
FOREXCOM:XAGUSD
by ChartMage
Policy Volatility Keeps Gold at $2,900Gold hovered around $2,900 per ounce, set for a weekly gain. While Trump temporarily paused 25% tariffs on most Canadian and Mexican goods, Canada’s retaliatory tariffs remain, and China’s countermeasures take effect next week. U.S. labor data showed mixed signals as layoffs hit a 2020 high per the Challenger report, while jobless claims fell more than expected. Investors now await the non-farm payrolls report for further labor market insights and potential Fed policy impact. Key resistance stands at $2,923, with further levels at $2,955 and $3,000. Support is at $2,860, followed by $2,830 and $2,790.
EIGHTCAP:XAUUSD
by ChartMage
GBP/USD at 1.2880, Awaits NFP ReportGBP/USD holds modest gains around 1.2880 in Friday’s Asian session, recovering from the previous decline as investors await the US Nonfarm Payrolls (NFP) report. Meanwhile, the US Dollar Index (DXY) extends its five-day decline, pressured by falling Treasury yields, with the 2-year at 3.94% and the 10-year at 4.24%. Markets increasingly expect the Federal Reserve to adopt a more aggressive rate-cutting stance due to economic growth concerns. Analysts at MUFG Bank suggest the Fed may shift focus from inflation control to economic growth, especially amid tariff uncertainties. Consumer confidence has weakened, reflecting rising household concerns. In the UK, expectations for BoE rate cuts in 2025 have dropped below 50 basis points. BoE’s Catherine Mann stated that gradual rate changes are ineffective in volatile markets, advocating for larger cuts to provide clearer policy signals. If GBP/USD breaks above 1.2920, the next resistance levels are 1.2980 and 1.3050. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
by ChartMage
Euro Surges Above $1.08 on ECB Rate CutThe euro rose above $1.08, hitting a four-month high after the ECB’s expected 25bps rate cut. The central bank signaled a less restrictive stance but hinted at a pause in further cuts, shifting its rhetoric away from "restrictive policy." Markets now anticipate one or two more 25bps cuts this year. The euro also gained support from expectations of increased government spending. EU leaders are meeting for a special defense session, where Commission President Ursula von der Leyen proposed an €800 billion plan, including €150 billion in loans, to strengthen defense capabilities despite budget constraints. Key resistance is at 1.0840, followed by 1.0900 and 1.0950. Support stands at 1.0730, with further levels at 1.0700 and 1.0650.
by ChartMage
Yen Benefits from Dollar's Broad RetreatThe Japanese yen held around 149 per dollar, its strongest in five months, benefiting from the dollar’s decline on a stronger euro and Trump’s tariff policies. His selective tariff exemptions and retaliatory measures weakened the dollar further. Domestically, BOJ Deputy Governor Shinichi Uchida suggested possible rate hikes if economic projections align but emphasized that Japan’s monetary conditions remain highly accommodative, with only minimal reductions in government bond holdings. Key resistance is at 152.00, with further levels at 154.90 and 156.00. Support stands at 147.10, followed by 145.80 and 143.00.
by ChartMage
Nonfarm forecast tonight ? 🔴US Expected to Add 170,000 Jobs in February, But Job Outlook Worsens ———— ⚫February Jobs Forecast: Nonfarm payrolls report projects 170,000 jobs added, up from 143,000 in January, while unemployment remains at 4%. ⚫Mixed Signals: While official data shows the labor market remains strong, surveys show many workers are worried about their jobs and less willing to look for new opportunities, while job seekers are having a tough time. ⚫Layoffs Rising: Staffing firm Challenger, Gray & Christmas reports that businesses are announcing the highest level of layoffs since July 2020, with 62,000 jobs tied to the Trump administration's federal workforce cuts. ⚫Consumer Confidence Falls: A report from the Conference Board and the University of Michigan showed consumer confidence is falling sharply amid fears about growth and the labor market. ⚫Impact of Government Layoffs: Some economists warn that government layoffs could spread and affect as many as 500,000 jobs, undermining confidence in the economy. ⚫Wage Growth: Average wages are expected to rise 0.3% month-over-month and 4.2% year-over-year, up from 4.1% in January.
OANDA:XAUUSD
by FalCol_TradingMaster
Gold Price Analysis March 6Gold price today will trade in the range of 2928-2900. There will not be enough catalyst for gold to break through this range, at least wait until Nonfarm. When breaking the range of 2929 and 2895, it will confirm a new trend of Gold. The 2915 area until the end of the Asian session cannot be broken, it can push the price up to 2922 - 2928 or if broken, pay attention to the 2912 area for a BUY signal and resistance. Today around 2900 when breaking 2912-2915 and retesting those resistance areas.
OANDA:XAUUSD
by TVS-Trader
Nightly $SPY / $SPX Scenarios for March 7, 2025🔮 🔮 🌍 Market-Moving News 🌍: 🇺🇸📊 Anticipated U.S. Jobs Report 📊: The Bureau of Labor Statistics is set to release the February employment report on Friday, March 7. Economists expect an increase of approximately 133,000 nonfarm payrolls, with the unemployment rate holding steady at 4%.​ 📊 Key Data Releases 📊: 📅 Friday, March 7: 👷‍♂️ Nonfarm Payrolls (8:30 AM ET) 👷‍♂️: Forecast: +133K jobs​ Previous: +150K jobs​ This report indicates the number of jobs added or lost in the economy, excluding the farming sector, and is a key indicator of employment trends. 📈 Unemployment Rate (8:30 AM ET) 📈: Forecast: 4.0%​ Previous: 4.0%​ This metric represents the percentage of the total workforce that is unemployed and actively seeking employment during the previous month. 💵 Average Hourly Earnings (8:30 AM ET) 💵: Forecast: +0.3% month-over-month​ Previous: +0.2% month-over-month​ This metric indicates the month-over-month change in wages, providing insight into consumer income trends. ⚠️ 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
2
When you're Dancing on the ceiling; Short then LongWe recently broke-out of a trading range, to the Upside. Short now for Temporary Profits, or, Wait for the price to follow the grey line I drew in illustrating the likely Anticipated move. Buy long, at-or-near the Pullback (top Dashed line). Should go (up) Down Upppp! For your added Confidence, i recommend Waiting for a Bullish Candle After the retest to Pullback Level; you Want to See a Green candle after touching that Dashed line.
Short
by sofearnot
6
AUDNDZ Massive Long! BUY! My dear followers, I analysed this chart on AUDNDZ and concluded the following: The market is trading on 1.1064 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.1078 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZDJPY Sellers In Panic! BUY! My dear friends, Please, find my technical outlook for NZDJPY below: The instrument tests an important psychological level 83.544 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 84.727 Recommended Stop Loss - 82.926 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
GBPJPY A Fall Expected! SELL! My dear friends, Please, find my technical outlook for GBPJPY below: The instrument tests an important psychological level 191.67 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 190.34 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
USDJPY STRONG FALLING OPPORTUNITY 1. 144.00 Support May Hold Strong The analysis assumes 144.00 will break, but this is a key psychological and historical support level. If buyers step in, USD/JPY could reverse back up instead of continuing downward. 2. Rebound Towards 150.00 Possible Instead of a lower low, USD/JPY could bounce off intermediate demand zones and attempt a retest of resistance at 150.00. US economic strength (inflation, interest rates) could support the dollar and invalidate the downtrend. 3. Lower Highs are Not Confirmed Yet If the price stays above 146.50, the trend could shift back bullish, disrupting the bearish projection. Lack of strong selling pressure near 147.00-146.00 could mean the market is undecided rather than fully bearish 4. Macroeconomic Factors Favor USD Strength If Bank of Japan (BoJ) remains dovish and the Fed keeps rates high, USD/JPY might resume its uptrend instead of falling
Long
by mrsamfx81
3
ETHUSD SURELY BULLISH 1. Support at 2130 May Fail The chart assumes a bounce from 2130 support, but if ETH breaks below this level, it could trigger further liquidations and push price toward 2000 or lower. Bearish divergence or weakening buy volume could signal a lack of strength. 2. Resistance at 2800 May Hold Strong The projection suggests ETH will reach 2800, but this could be a strong supply zone where sellers step in. If ETH struggles around 2400-2500, we might see a reversal instead of a breakout. 3. Lower High Formation If ETH fails to break above previous highs (~2265+), it could signal a lower high, leading to a downtrend continuation rather than a rally. Rejection near 2300-2400 might confirm a bearish structure. 4. Macroeconomic & Market Risks If Bitcoin corrects or macro factors (rate hikes, regulatory news, or stock market weakness) pressure crypto markets, ETH might struggle to sustain upside momentum
BITSTAMP:ETHUSDLong
by mrsamfx81
XAUUSD strong bullish 1. (Xauusd)Support at 2900 May Not Hold The chart suggests a bounce from the 2900 support area, but if market sentiment weakens, we could see a breakdown below 2900 instead of a recovery. If this happens, gold might dip further toward 2850 or even 2800 before regaining strength. 2. Trendline Breakdown is Possible There's an upward trendline acting as dynamic support, but multiple touches increase the chance of a breakdown rather than a continuation. A confirmed break below this trendline could lead to bearish momentum rather than a push higher. 3. Resistance May Be Stronger Than Expected The analysis suggests a move toward 2960-3000, but these levels could act as a strong resistance instead of a breakout zone. Failure to break 2960 might trigger another sell-off back toward 2900 or lower. 4. Macroeconomic Factors Could Shift Bias If the US Dollar strengthens or bond yields rise, gold could struggle to gain momentum, invalidating the bullish outlook
FOREXCOM:XAUUSDLong
by mrsamfx81
1