USDCAD Will Fall! Sell!
Here is our detailed technical review for USDCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.445.
The above observations make me that the market will inevitably achieve 1.435 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Trend Analysis
Supply and Demand Zones Trading in Forex: A Detailed OverviewSupply and demand zones are a core concept in price action trading, helping you spot areas of strong buying or selling interest. Mastering these zones can help you predict reversals, breakouts, and continuations with high accuracy. Let’s dive in! 🚀
🧠 What are Supply and Demand Zones?
📉 Supply Zone (Bearish): An area of high selling pressure where price tends to drop. It forms when sellers overwhelm buyers.
📈 Demand Zone (Bullish): An area of high buying pressure where price tends to rise. It forms when buyers overpower sellers.
These zones act like magnets for price — when price returns to these levels, you often see strong reactions.
🗂️ Characteristics of Strong Zones
✅ Sharp Price Movement: Strong supply and demand zones create fast and aggressive price moves away from the area. 💥
✅ Multiple Rejections: The more times a zone holds and rejects price, the stronger it is. 🛑
✅ Freshness: The first retest of a fresh zone often yields the strongest reaction. 🆕
✅ Volume Spike: Higher volumes show genuine interest from large players. 📊
🎯 How to Identify Supply and Demand Zones
1️⃣ Find Strong Moves: Look for big bullish or bearish candles after a consolidation or small pullback.
2️⃣ Mark the Base: Draw a rectangle from the start of the strong move to the end of the consolidation.
3️⃣ Adjust for Wick/Body: Include the entire wick for aggressive zones or just the body for conservative zones.
📈 Bullish Supply and Demand Zone Strategies
1️⃣ Demand Zone Bounce (Buy Setup)
🛑 Identify: A clear demand zone with a strong bullish move away.
📉 Wait: For price to return to the zone.
🕯️ Confirm: With a bullish candlestick pattern (like Hammer, Engulfing).
🎯 Enter: A buy order at the zone’s edge.
🛡️ Stop Loss: Below the zone’s low.
🏁 Target: Nearest supply zone or strong resistance.
💡 Example: Price rallies from 1.2000, pulls back to the same zone, then forms a bullish engulfing — you buy.
2️⃣ Demand Zone Breakout (Continuation Setup)
🛑 Identify: A demand zone forming a higher low in an uptrend.
💥 Breakout: Wait for price to break the supply zone above.
📉 Retest: When price retests the broken supply (now demand), enter long.
💡 Example: Price breaks 1.2500 resistance, retests it, and bounces higher — you enter.
📉 Bearish Supply and Demand Zone Strategies
3️⃣ Supply Zone Rejection (Sell Setup)
🛑 Identify: A clear supply zone with a strong bearish move away.
📈 Wait: For price to return to the zone.
🕯️ Confirm: With a bearish candlestick pattern (like Shooting Star, Engulfing).
🔻 Enter: A sell order at the zone’s edge.
🛡️ Stop Loss: Above the zone’s high.
🏁 Target: Nearest demand zone or strong support.
💡 Example: Price spikes up to 1.3000, then drops sharply — on a retest, you short.
4️⃣ Supply Zone Breakout (Continuation Setup)
🛑 Identify: A supply zone forming a lower high in a downtrend.
💥 Breakout: Wait for price to break the demand zone below.
📈 Retest: When price retests the broken demand (now supply), enter short.
💡 Example: Price breaks 1.1800 support, retests it, and drops further — you enter short.
🛠️ Tools to Enhance Supply and Demand Trading
🧰 Support & Resistance Levels – Combine zones with horizontal levels for added confluence.
📐 Fibonacci Retracements – Zones aligning with Fibo levels are extra strong.
📉 Trendlines – A zone break + trendline retest makes a powerful entry signal.
📊 Volume Analysis – High volume confirms genuine buying or selling pressure.
⏳ Timeframes & Zone Strength
⏱️ Higher Timeframes (4H, Daily, Weekly):
Stronger & more reliable zones.
Great for swing trading.
⏱️ Lower Timeframes (5M, 15M, 1H):
More frequent but weaker zones.
Ideal for day trading or scalping.
⚠️ Common Mistakes to Avoid
❌ Forcing trades: Not every zone gives a valid signal — be patient.
❌ Ignoring context: Always follow the trend unless there’s clear reversal evidence.
❌ Skipping confirmation: Wait for candlestick patterns and rejections.
❌ Poor risk management: Always set a stop loss and manage position size.
GOLD (XAUUSD): Classic Bearish FormationI believe 📉Gold has the potential for further downside.
On the intraday chart, the market has been consolidating within a broad horizontal range for some time.
A break below the support level signals strong bearish momentum, and the price is now retesting the previously broken support.
I expect a potential decline toward the 2840 support level.
Bitcoin's 2025 Bull-Market Has Been Cancelled —ALERT!There is no easy to way to say this. This is going beyond any and all expectations. It is no surprise to say that I am surprised because the Cryptocurrency market always surprises.
What happens now?
Will market conditions change based on current action?
All is well that ends well.
Nothing changes. The 2025 has not been cancel and while Bitcoin is going through a major final flush, we are still set to experience sustained long-term growth. Right after the market sets its correction bottom low.
There isn't much difference between a day, two days or six days, it is all the same when the end result is a new bullish wave.
The best way to look at it is by focusing on the long-term. New prices, lower prices will now be available and possible, discounted prices for all Cryptos before the 2025 bull-market bullish phase.
Wait patiently and hold strong. Crypto is going up and this going up will unravel within days.
It is very simple: The market will set the low and immediately after we will see growth long-term. Now, the low is not yet in as is clearly shown by today's action. We underestimated the bears, but we continue to hold, to wait, to trade and to pray.
We continue with the same bias (bullish) and continue to hold and wait patiently for the end of the correction and this correction should be over within hours or days. We are bullish in March 2025 and beyond.
The 2025 bull-market has not been canceled.
Thanks a lot for your continued support.
—Boost if you agree.
—Comment if you disagree.
Namaste.
GOLD - Bearish Continuation Toward 2,840OANDA:XAUUSD is currently testing a key resistance zone within a well-defined descending channel, suggesting the potential for a bearish continuation. If price action confirms rejection at this level, we could see a move lower toward 2,840, which aligns with the channel’s midline. However, a breakout above this resistance could invalidate the bearish outlook and signal a shift in momentum.
This setup reflects the potential for a continuation of the prevailing downtrend. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments! 📉🔥
Hellena | GOLD (4H): LONG to resistance area 2955 (Wave 3).Dear Colleagues, after Trump's statements and the general political situation, the price went sharply into a downward movement, but this does not mean that I give up the upward movement.
At the moment I think that wave “2” is completing the correction and soon we will see the long-awaited upward movement.
I think that the price can still update the minimum of wave “2” in the area of 2833, then (or immediately) will start an upward movement in wave “3” at least to the area of the maximum of 2955 of wave “1”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Cardano Long-Term: Crypto Strategic ReserveCardano grew by 18,352% between March 2020 and August 2021. The highest volume came in on the third wave and we ended with a truncated five.
Seeing this performance in the last bull-market, we can aim high. Instead of being too conservative and making the same mistake as always, aiming too low, let's aim higher because we know that Cryptocurrency has huge potential, it is new and young.
From current price to $10.5 we are looking at ~895% potential. From the August 2024 bottom to the same target we have some 3,770%. I think that with the current size Cardano has now such total growth might be reasonable, but the market is not reasonable. We don't know the meaning of a "Crypto Strategic Reserve." We don't know what it means, in turns of prices and numbers, many nations buying Crypto. We can end up with a bull-market that is hundreds of times stronger than anything we've seen before. In this case, all projections would breakdown and prices would go off the chart. I hope this happens.
Since we cannot predict the unpredictable nor calculate based on assumptions, let's go with what we have. What is the chart saying, what are the potential targets and how will the bull-market unravel. We want answers to those questions.
The targets are the ones seen on the chart.
The minimum target for a new ATH based on conservative and standard calculations would equal $4.86. Short-term targets that will be hit within the next three months go as follows: $1.33, $1.66, $1.83, $2.00, $2.22, $2.66 & $3.49.
A strong target and projection sits at $7.77 and a $10.58 is the next All-Time High if we have a great bull-market based on standard projections. The ultra-bullish scenarios we welcome and enjoy them if they show up but they are beyond this chart.
The main support range after the Trump Pump sits between $0.9116 and $1.0094. If it goes lower, we have $0.8138 but I don't think lower is possible. This is for support if the market decides to shake. Remember, it is a long bull-market so there will be plenty of time for volatility to show up. Whatever happens, remember the bigger picture; we are going up.
I always liked Cardano and I share many analysis and many charts so it is great to see that we have Trump's support. Our future is bright. If we are smart, we buy and we hold.
Don't just think about next year or next month, consider 10 years into the future, maybe even 20 years... Think of the big tech companies. One can become rich with one project, one coin. Just as the old people from the 70s and 80s. We are approaching the bull-market of a new generation. No limits now, no barriers, no filters; everybody can join.
Cryptocurrency, the stock market for the people.
Thanks a lot for your continued support.
Namaste.
USD/JPY Channel Breakout (Weekly Forecast Mar 3-7)The USD/JPY pair on the H2 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 153.90
2nd Resistance – 155.60
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This was optimal move for BTC dump setup. Bleh I got out my longs too early. This was the move I originally positioned for.
Anyway, this was exactly the move I was looking for to take a sizable attempt at the crash trade. I really hate shorting into drops because if you get it wrong, things like this happen. But I really love shorting into things like this because if you get it wrong then you don't have an big risk area left (so long as you use sensible stops) and you get paid BIG if you're right.
This looks like a classic final bull trap before a capitulation move to me.
Picking up a portfolio of shorts betting on a 40% drop across crypto. More on some of the alts.
Crypto crash incoming soon - if I have this right.
We had told you, 'March gonna be BIG'Crypto Market Update – March Momentum in Full Swing! 🚀🔥
Alright, traders, March is here, and the market is pumping! No surprises here—I mentioned back in early February that I expected a strong March due to the delayed cycle effect, and here we are. The news followed the charts, not the other way around, which is why we stay ahead of the game! 📊🔍
Bitcoin (BTC/USD)
📍 Support levels:
$91,000
$91,206 (key short-term level)
$91,353 (minor support)
📍 Breakout zone:
Above $96,000, price is totally free to explore higher levels. Watch out for resistance clusters on the way up.
Ethereum (ETH/USD)
💎 Major resistance:
$2,627 - $2,634
📍 Breakout target:
Over $2,634, we should see a run toward $4,000. 🚀
Ethereum remains extra bullish—momentum is strong!
Solana (SOL/USD)
📈 Key levels:
Support: $166.72
Resistance: $215 - $223
Solana has broken back into its channel, showing strong momentum. A better entry is now possible, given solid support at $166.72.
Cardano (ADA/USD)
🔥 Trade of the week!
Major support: $1.00, $0.98
Target: $1.19, with bullish continuation potential
If we lose the $0.98 support, then it's time to consider shorting. Otherwise, the momentum is strongly bullish.
XRP (Not my top pick, but here’s the setup)
📍 Support: $2.48, with additional support around $2.66
📍 Resistance: $3.11 - $3.30
Wouldn't be my preferred trade right now, but price action will tell us more.
🚨 Breaking News: Market Liquidity Surge!
Over $330 billion added to the crypto market in just 4 hours! 💰🔥
Trump announces a Crypto Strategic Reserve 💎🇺🇸, consisting of Bitcoin and other top cryptocurrencies, aligning with Executive Order 14178.
The market is picking up steam, and levels are holding strong. Keep your eyes on these key support/resistance zones, set alerts, and trade smart. Exciting times ahead! 🚀💡
One Love,
The FXPROFESSOR 💙
🔗 Stay updated on my TradingView!
OFFICIAL TRUMP: It Is Still Early 4 773% —111% & 333% Short-TermIt is still early. Great news.
In this chart we have a classic, the stop-loss hunt event.
TRUMPUSDT moved below support just to quickly recover. Support here is mapped as the 10-February low. The break above support produced a really strong, full green candle with really high volume.
This is a confirmed bullish breakout.
It is still early.
It is still early because of the stop-loss hunt event. The stop-loss hunt event only happens at bottom prices. Even though there was a strong move, relatively speaking (reading-writing), this move produced a recovery from a true bottom. Now that the action is happening above support, we can expect a bullish wave to develop.
The chances for lower prices are really low. Don't get me wrong, it is still possible to see a shakeout, another one, but this is very unlikely. Notice how high the volume is when prices move up. Now, notice how low the volume is when prices move down. The bears have no force, no momentum, no excuses left. In fact, many people were selling Bitcoin and many Altcoins at the bottom and now they have to buy at higher prices. They will never sell. Those that were already holding strong, won't sell either. We are all ready to hold.
The market is going up which is great news for all those involved.
Here we have a nice 773% target. It is still early.
We have an easy target at $34 for 111%.
Another target around $70 yields 333%.
Patience is key. Our strategy stays the same.
Accumulate as much as you can and then wait.
Each time you get paid, the money goes into Crypto; the market will take care of the rest.
Thank you for reading.
Namaste.
Bitcoin (BTC): Quick Dip And Recover / We Need To Proper TouchBitcoin is back near $90K, where we had a huge liquidity grab during last week.
Now that we see on the weekly timeframe that the new week still continues with a red candle and sellers continue to show pressure, we still expect to see the further drop here, as we did not see a proper touch to the major zone but rather a quick liquidity grab in both ways.
So, we will monitor the markets this week; if we see further weakness, then we are going to be shorting; if not, then we might see a re-test of ATHs (which as of now we are not so sure about).
Swallow Team
Bitcoin Weekly Timeframe Update: Technical AnalysisLast week closed at $94,265. The lowest close since Bitcoin broke above 90K on the 11-Nov. session happened at $93,563, the 26-Dec. 2024 week. The highest close happened at $104,447 on the 9-Dec. week. This is the trading range. Between $93,000 and $104,000 based on candle close.
Bitcoin went sideways starting early December 2024 and continues sideways to this day. We are projecting an end to this pattern in the coming weeks and months. I can say it is over now but before it shows we need a weekly close above 104. It can take some time because we are set to experience slow and steady grow. Imagine Bitcoin's price growing daily by $500 on average, or maybe $800 or $1,000. It would take 20 days of +$500 daily for Bitcoin to reach $103,000. Just an example.
10 days at +$1,000 each day would add $10,000 to Bitcoin's price. So it would take 30 days to add $30,000. $30,000 would put Bitcoin at $123,000. So imagine Bitcoin trading at 120K in April 2025.
It can go faster or slower but these examples can start to create a picture. With this picture we can build a map.
Last week closed as a hammer. When the hammer shows up at the bottom of a move, it spells the end of such move. Bitcoin didn't produce a downtrend but the three months sideways, between November '24 and February '25 can count as a trend. If the same period had a downward bent, last week's drop and recovery would signal the end of such trend.
Hold on. Let me try and speak clearly. I am saying that the bottom is in.
The new week can start shy and speed up toward the end. The truth is that we have good news and this good news sealed the bottom but the market still has to go through its loading phase. I am talking about several months of bullish consolidation before a major rise takes place. The good news is that a portion of the market, many of the smaller Altcoins, will start to boom in response.
Let's talk resistance and support.
$90,000 is a strong support. There has never been a close below this level. A wick can always touch it or pierce it but this would be short-term. When undesirable action develops, we look for the weekly timeframe for confirmation. Last week is the best example of all. Six days red but the week ended up being neutral. The chart technicals and dynamics stayed the same. Actually, the long lower wick ended up producing a bullish signal.
$90,000 followed by $85,000 are the immediate and main support.
The immediate resistance is set at $97,444.
Once Bitcoin moves and closes above $97,400 we can expect nice growth. While Bitcoin remains below this level, we are still mixed and within consolidation and accumulation. Bullish advance and higher gets confirmed once this resistance breaks.
Once broken, we can consider higher prices, we aim directly at new All-Time Highs. All levels that have been challenged in the past we can ignore. So the main target would be $120,000 followed by $128. Then we have $159,000 and the rest can be consider for the long long-term.
The in-between targets can be seen on the chart.
Thank you for reading.
Namaste.
XRP strategic reserve announcment! UPDATED FORECASTAs indicated in prior post (see: ) we have now reached the near term liquidity target at 2.8-2.9 zone; this news of a strategic reserve is highly likely to be sold off to trap both bulls & bears who are over-leveraged.
They rarely waste a good PR for such price action.
Expecting one more liquidity sweep below 1.70 for a final discount buy opportunity!! Looking to enter with LIMIIT buy orders at 1.65 area; its possible that we extend as low as 1.35 but my mentality is its best not to be idealistic, perfectionistic, or entitled at those levels! The market does not owe you the best or lowest price on anything! For that reason, consider anything below 1.70 to be a huge gift with a big big bow wrapped around it!
EURUSD: Bearish Outlook For Next Week Explained 🇪🇺🇺🇸
With the Friday's turmoil in the White House,
EURUSD went down sharply.
The price broke and closed below a significant daily support.
It is a strong event that increases the probabilities that the market
will continue going lower.
Next support will be 1.032
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Major Levels & Breakout Zones!🚀 Bitcoin's Q1 2025 Cycle is Here – Major Levels & Breakout Zones! 💎🔥
The delayed cycle I spoke about in early February is now kicking in hard, and Bitcoin is on the move! 📊 The market followed the chart before the news—a perfect example of why we trade based on technical setups first!
📉 Key Support Levels
✔ Checked support: $79,717 – Held strong, confirming the bounce.
✔ Short-term support: $91,000 - $91,353
✔ Potential retracement level: $91,206
🚀 Where to Next?
💡 Major Resistance & S/R Cluster: $111,000 - $113,000
📍 If we clear this zone, Bitcoin could head toward $120,000+ in a strong breakout!
📍 Expect consolidation or rejection at this level before further price expansion.
🔥 News Driving the Market
JUST IN: $330 Billion was added to the crypto market in the last 4 hours! 📈
💥 Trump’s Crypto Strategic Reserve Announcement is fueling the bullish momentum, reinforcing Bitcoin's long-term narrative!
This setup is textbook delayed cycle price action, playing out exactly as expected. Keep an eye on these levels and trade smart!
One Love,
The FXPROFESSOR 💙
USDJPY: Local Bullish Reversal?!I see a nice positive reaction from buyers at an important daily support level on the 📈USDJPY chart.
Following a test of the highlighted blue zone, the price began to consolidate and formed a tiny horizontal range on the daily timeframe.
The resistance if the range was broken, indicating strong buying momentum.
We anticipate further bullish movement, with a target of at least 151.51.
Lingrid | BTCUSDT bullish PATTERN and Long PotentialBINANCE:BTCUSDT market dipped below the December and January lows, but after taking liquidity in that area, it a bounced off creating fake breakout of the consolidation zone. On the weekly timeframe, the price action has created a significant long-tailed bar formation, indicating potential bullish continuation in near future. Additionally, the price has formed a triangle pattern and subsequently broke below it. Historically, after a breakout below a triangle, the price tends to dip approximately 15-20% before rebounding and reaching new highs. Therefore I think that the price will consolidate around the 90,000 level before moving higher toward the all-time high. My goal is resistance zone at 100,000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
DXY Is Going Up! Long!
Please, check our technical outlook for DXY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 107.566.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 108.420 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GOLD(XAUUSD) -Weekly forecast,Technical Analysis & Trading Ideas💡 GOLD ( OANDA:XAUUSD )
💡 Daily Timeframe:
As forecasted last week, gold started its decline when it hit the red channel line.
This decline will continue, but the support area of 2789.95 to 2772.38 could trigger a rebound.
So, given the long-term uptrend, we can use this area as a long-term BUY ZONE.
💡 H4 Timeframe:
The uptrend is broken, and price is in an impulse wave.
The bearish wave is expected to continue as long as the price is below the strong resistance at 2893.51
💡 H1 Timeframe:
2879.11 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
SL: Above 2893.51
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GOLD (XAUUSD): Classic Bearish SetupI think that 📉Gold has the potential to continue falling.
The market has been consolidating in a wide horizontal range for some time on an intraday chart.
Breaking below the support level is a strong signal of bearish momentum.
The pair is currently testing the previously broken support level.
I anticipate that the price could potentially fall to the 2840 support level.