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OPEC Cuts Oil Demand Forecast While Increasing SupplyOil prices are feeling bearish pressure. OPEC was unable to increase production significantly last year to stabilize prices. High interest rates have kept global economies cool enough. However, starting in May, OPEC will begin unwinding its voluntary production cuts. The timing of this decision is questionable. Tariffs are expected to hit global economies hard, while the Fed is likely to hold rates steady for a few more months. Recession risks in the world’s two largest economies, the U.S. and China are rising. OPEC has acknowledged this trend by lowering its oil demand forecast for 2025 and 2026 by nearly 10%. If summarized: Oil demand is expected to fall 10%, possibly more if the U.S. and/or China enter recession. Trump is expected to boost U.S. drilling, increasing supply. OPEC will start to unwind supply cuts, increasing supply. Brent is likely to remain under bearish pressure throughout the year because of rising supply and falling demand. As long as the current fundamental outlook remains unchanged, upward moves should be viewed as selling opportunities. A downtrend channel has formed since mid-2023, with the lower boundary recently tested. There is now an upward reaction. If this continues toward the 68.25–70.70 zone—previously a demand zone, now a potential supply zone—traders may look for short entry setups, provided this zone holds, with nearby stop-loss levels.
BLACKBULL:BRENT
by ftdsystem
Gold 3220 becomes the key support, long and short only in a mome Last Friday, the US dollar index continued to weaken during the day and fell below the $100 mark, as the Trump administration's repeated changes on the issue of import tariffs shook the market's confidence in the US dollar as a safe haven. Spot gold hit a new high, setting a new record high of $3,245. After soaring by more than $200 last week and breaking through the 3,200 mark in one fell swoop, the gold price opened lower on Monday (April 14) and once hit a low of 3,210. Then gold climbed to a new high again, reaching $3,245, and this wave of gains seemed to have further upward momentum. There are few safe-haven assets left in the market, and gold has become the first choice. You can look at the daily chart. The daily chart has closed with a positive line for four consecutive trading days, and the daily chart has not shown a peak signal at present. More importantly, the daily line currently has a five-wave upward trend, and this trend may eventually be around 3280. The lowest position of the retracement last week was around 2950, ​​which is at the high point of the a wave of the entire wave pattern. Under the condition that the four-wave retracement does not break the top of the first wave, the current rise is the continuation of the fifth wave. Secondly, you can also look at the 4-hour chart: The most critical position of the 4-hour chart is around 3220, which is the support position of the ma10 moving average of the current 4-hour chart. That is to say, as long as the 4-hour chart closes above 3220, then gold will definitely maintain an upward trend. On the contrary, if the 4-hour closing line is below 3220, then there is no guarantee that there will be a possibility of a deep retracement today. The bottom K-line of the previous 4-hour chart will close at 18:00, which means that as long as the closing line at 18:00 is above 3220, then everyone can go long. The first target is to look at the high point of 3245, and the second is around 3280. If the 4-hour closing line at 18:00 is below 3220, then everyone should be cautious about going long and be careful that there will be further corrections. If you like my analysis, please follow me
FOREXCOM:XAUUSDLong
by Yuliya1l11
GOLD → Countertrend correction. What to do in this case?FX:XAUUSD , after a bull run, bumps into strong limit resistance at 3244 and enters a correction phase, which is generally a logical maneuver amid strong gains. Gold corrects from Friday's record $3,245 and moves back to $3,200 amid improving market sentiment and progress in trade talks. The price pared gains after a strong weekly rally, reacting to U.S. concessions on tariffs on Chinese electronics and China's pledges to boost economic stimulus. Additional influences come from the dialog between the US and Iran, as well as the anticipation of China's GDP and trade data for March. Despite the pullback, downside may be limited due to ongoing uncertainty. Technically, it is worth looking at the 3187 - 3167 conglomerate of support, which can stop (temporarily or even turn the price upward) a strong and sharp decline, as the fundamental backdrop within the tariff war is still tense. Resistance levels: 3244, 3270 Support levels: 3187, 3174, 3167 The rally is temporarily halted, but there is no talk of a trend reversal, as the tariff war fire is still burning, Trump or Xi Jinping may add to the fire.... Within the framework of counter-trend correction, the emphasis is on the support of 3187, 3174, 3167 from which we can trade a false breakdown and catch the price rebound. Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
How far could the USD fall?.. WATCH THE DOLLAR INDEXThe dollar is declining as US uncertainty continues and cash moves out of the US. I personally think the dollar will bounce, but how far could it fall in the meantime... Price is testing the previous monthly horizontal resistance as support and the monthly 100 SMA. The dollar may find a bottom here. From 98 to 100 on TVC:DXY Price may reach the monthly bullish channel support. There will likely be technical buyers in this area. From 95 to 96 on TICKMILL:DXY Good luck!
TVC:DXYLong
by Samuel_Morton_Trader
NZDJPY → Back in range, there's a chance to strengthenFX:NZDJPY is forming a false break of the range support and within the reversal pattern confirms the break of the bearish structure The fundamental background has been extremely unstable lately and depends on any harsh statements of politicians, mainly related to the trade war. But, technically, the pair is returning to the range on the background of local market recovery. A false breakdown of the range support is formed. The break of the bearish structure, the formation of the reversal pattern and the return to the trading range give chances for strengthening of the price. If the bulls hold the defense above 83.7 - 84.2, the currency pair may strengthen to 85.15 - 87.4 Resistance levels: 84.196, 86.15 Support levels: 83.79, 83.31, 82.21 Consolidation above the key support zone may allow the bulls to strengthen the price to the local zone of interest. Global trend is neutral, local trend is upward. Regards R. Linda!
Long
by RLinda
2
Dollar Index Monthly Review: Key Support Levels with the help ofIn the first Fibonacci setup, we observe a retracement of the index to the 61.8% Fibonacci level, after which a trendline could be drawn. Applying a second Fibonacci retracement on the chart reveals that the Dollar Index once again found support within the 50.0%-61.8% zone. In January of this year, the dollar attempted to break above the 110.00 level but encountered resistance at the 61.8% bullish retracement level. This led to another pullback, increasing the likelihood of a decline toward the trendline in the 98.50-99.00 zone. The 100.00 level is expected to act as support, though a temporary dip below this level within a consolidation phase is possible before another solid support is established. Once a new support base is confirmed, the Dollar Index could initiate the next bullish rally, potentially forming a new high above the 116.00 level.
TVC:DXY
by Aleksin_Aleksandar
JASMY Falling Channel BreakoutBINANCE:JASMYUSDT just broke out of its falling channel, with strong volume despite it being a weekend move, and is attempting to reclaim the previous support zone around $0.016. Observations • Second clear breakout from a descending structure in the last year. • Good volume spike backing the move — first meaningful demand since the December peak. • Attempt to reclaim the $0.016 support zone, which had acted as a base throughout 2024. Key levels • A daily close above the resistance would confirm the breakout. • Holding above ~$0.016 would be an even stronger bullish sign. • Next major resistance at $0.041-$0.045 from the previous supply zone. • Watch the 1-year EMA above $0.021 as a potential shorter-term resistance. If momentum continues, this could be the start of a larger trend reversal, with $0.041 as the first upside target.
Long
by AliferCrypto
EURUSD InsightWelcome, subscribers! Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - The U.S. and China have imposed retaliatory tariffs on each other, escalating trade tensions. As a result, the "Sell USA" sentiment has intensified, causing the U.S. Dollar Index to fall below the 100 level. - The market expects that, due to the high tariffs between the U.S. and China, most trade—except for essential goods and high-margin items—will come to a complete halt. This is likely to lead to a rise in consumer prices. - Amid growing concerns of a recession, U.S. Treasury bonds are failing to serve as safe-haven assets, raising doubts about the dollar. Most currencies have strengthened against the dollar. - This week, the ECB is expected to cut rates by 0.25% at its April monetary policy meeting. Key Economic Events This Week + April 16: U.K. March CPI, Eurozone March CPI, U.S. March Retail Sales, Bank of Canada Rate Decision + April 17: ECB Rate Decision, Fed Chair Powell Speech + April 18: Easter Holiday EURUSD Chart Analysis After a strong rally that formed a peak near the 1.15000 level, EUR/USD has partially retraced its gains. In the short term, further downside is expected, with 1.12500 likely to act as a key support level. A rebound is anticipated around this zone; however, if the price breaks below it, a deeper decline could follow. Should that happen, a new trading strategy will be established.
Short
by shawntime_academy
Monday bounce points to extension of bullish move Silver bounced off minor support at $31.84 in early Asian trade on Monday, indicating the level may be useful for traders eyeing a potential bullish setup. Longs could be established above the level with a tight stop beneath to protect against reversal. Overhead, former uptrend support currently intersects with the key 50-day moving average around $32.50, making that a potential initial target. A break above would bring $32.73 into play, a level that acted as both support and resistance during March. The momentum picture has become more palatable for bulls, with RSI (14) trending higher and back near neutral. MACD remains in negative territory and is yet to cross the signal, though it’s starting to curl higher, suggesting bearish momentum is ebbing. If silver reverses and breaks $31.84, the setup would be invalidated, opening the door to trades targeting a partial retracement of the recent bounce. Good luck! DS
FOREXCOM:XAGUSD01Long
by FOREXcom
Short-Term Short Position DOT/USDT🔴 DOT/USDT – Approaching Key Short Zone Polkadot (DOT) has formed a rising wedge after rebounding from local lows. Price is now facing a critical short zone near 3.897 – 3.985, where sellers may step in if DOT cannot sustain upward momentum. Chart Formation: The rising wedge often indicates potential bullish exhaustion; a break below wedge support confirms a bearish bias. Volume Consideration: Look for a surge in sell volume near entry levels to validate a short entry. 🔴 Short Position DOT/USDT 🎲 Entry Levels Entry 1: 3.897 Entry 2: 3.985 ✅ Take-Profit Targets TP1: 3.798 TP2: 3.648 TP3: 3.472 TP4: 3.256 (extended downside if momentum persists) ❌ Invalidation Level: 4.131+ (A strong close above 4.00+ invalidates the short setup.) 🧠 Narrative: This wedge suggests a potential bearish retest if DOT fails to break higher. A rejection at 3.89 – 3.98 may send price to lower supports. Market Context: Overall market sentiment and Bitcoin’s trend can influence DOT’s movement; a strong BTC rally could negate this setup. ⚠️ Risk Management: Place stops just above 4.131+, size positions carefully, and stay flexible if price action indicates continued strength above the wedge. "Take Care of Risk Management for Your Account"
Short
by CryptoSheykh
SOLANA (#SOLUSD): Bullish Outlook & BreakoutSOLANA formed an inverted head and shoulders pattern on both daily/intraday charts. Following the release of last Friday's fundamentals, the market experienced a significant surge, breaking through its neckline and a strong falling trend line. This led to a consequent strong bullish movement and change of character CHoCH. These broken structures now form an expanding demand zone. I will be looking for a buying opportunity in this zone, anticipating a bullish reversal towards the 150 support level.
COINBASE:SOLUSDLong
by linofx1
3
Short-Term Short Position UNI/USDT🔥 UNI/USDT – Approaching Key Short Zone Uniswap (UNI) has formed a rising wedge structure after rebounding from local lows. Price is now nearing a critical short zone around 5.762 – 5.804, where sellers could potentially step in if UNI fails to break above with conviction. 🟣 Zone to Watch “Possible Short Zone” (in purple) — a high-probability entry area for short trades given the overhead resistance and wedge convergence. 🔴 Entry Points: Entry 1: ~5.762 (initial level) Entry 2: ~5.804 (upper boundary) 📉 Momentum & Setup Chart Formation: The rising wedge often suggests bullish exhaustion; a decisive break below wedge support can signal a bearish shift. Volume Consideration: Look for a sell-volume uptick or a clear rejection around 5.70 – 6.2 to confirm the short setup. 🟢 Take-Profit Zones ✅ TP1: ~5.549 ✅ TP2: ~5.315 ✅ TP3: ~4.957 ✅ TP4: ~4.244 (Extended downside if momentum persists) ❌ Invalidation Level: 6.265+ (A strong close above this level indicates a bullish breakout from the short window.) 🧠 Narrative This setup highlights a possible bearish retest, as UNI’s rebound has propelled price into a narrowing wedge near major resistance. Should buyers fail to push beyond 5.70, aggressive sellers may anticipate a correction. A volume-backed rejection here could see UNI retrace to lower support levels. 🎲 Market Context Monitor broader crypto sentiment and Bitcoin’s performance; strong market momentum could negate the bearish bias, while a market-wide pullback may accelerate downside. 📌 Risk Management Position Sizing: Adjust to your risk tolerance and never overexpose. Stop-Loss: Place it above 6.265+ to avoid unexpected breakouts. Remain flexible and reevaluate if price action shows continued strength above the wedge.
Short
by CryptoSheykh
2
Short-Term Short Position LTC/USDT🔥 LTC/USDT – Approaching Key Short Zone Litecoin (LTC) has formed a rising wedge structure after rebounding sharply from local lows. Price now faces a critical short zone near 81.62 - 84.16, where sellers could potentially step in if LTC fails to break above with conviction. 🟣 Zone to Watch “Possible Short Zone” (in purple) — a high-probability entry area for short trades given the overhead resistance and wedge convergence. Entry Points: Entry 1: ~81.62 (initial level within the wedge) Entry 2: ~84.16 (upper boundary, near resistance) 📉 Momentum & Setup Chart Formation: The rising wedge implies potential exhaustion of bullish momentum if price fails to continue upward. A break below wedge support often signals a bearish turn. Volume Consideration: Look for a sell-volume uptick or a clear rejection around Entry 1 or 2 or within the short zone to confirm a likely reversal. 🟢 Take-Profit Zones ✅ TP1: ~79.25 ✅ TP2: ~75.08 ✅ TP3: ~69.55 ✅ TP4: ~63.53 (Extended downside if momentum persists.) ❌ Invalidation Level: 87.30+ (A strong close above this level indicates a breakout from the short window) 🧠 Narrative This setup showcases a potential bearish retest, as LTC’s swift rebound has led price into a narrowing wedge. If buyers fail to push beyond 81.62 – 84.16 Savvy traders may anticipate a correction. A volume-backed rejection in this zone could send LTC back toward its lower support levels. 🎲 Market Context Monitor broader market sentiment and Bitcoin’s performance; a strong BTC rally could invalidate downside expectations. 📌 Risk Management Position Sizing: Trade responsibly according to your risk tolerance. ❌ Stop-Loss: Place it above the invalidation level (e.g., around 87.30+ to mitigate unforeseen breakouts. Reevaluate if the market shows signs of bullish continuation beyond the wedge.
Short
by CryptoSheykh
2
Short Position FIL/USDT🔥 FIL/USDT – Approaching Key Short Zone FIL is currently consolidating within a tightening wedge structure, showing signs of bearish indecision as price grapples with a well-defined short zone. Price action has moved aggressively from local lows and is now testing multi-level resistance areas. 🟣 Zone to Watch: “Possible Short Zone” highlighted in purple — this zone marks a high-probability entry area where sellers could step in. 📍 Entry Point: 🔴 Short Entry: 2.654 – Near the lower end of the resistance window. 📉 Momentum & Setup: Chart Formation: The consolidation has created a rising/symmetrical wedge, indicative of a bearish retest scenario. Volume Consideration: Look for a spike in volume accompanying a bearish reversal near the upper band of the zone. 🟢 Take-Profit Zones: ✅ TP1: 2.518 ✅ TP2: 2.333 ✅ TP3: 2.125 ✅ TP4: 1.848 (Final zone) ❌ Invalidation Level: 2.90+ (A strong close above this level would signal a potential trend reversal and invalidate the bearish setup.) 🧠 Narrative: This setup is a textbook example of a bearish retest where support converts to resistance. The rapid price climb has likely exhausted buyers, setting the stage for sellers to capitalize on the multi-level resistance. Smart money appears poised to offload positions at these levels before further downside expansion, potentially triggering a liquidity grab. 🎲 Market Context: Keep an eye on overall crypto market sentiment. 📌 Risk Management: As always, manage your position sizes and money management carefully. Consider setting a stop-loss just above the invalidation level (around 2.90) to protect against unexpected moves.
Short
by CryptoSheykh
Litecoin analysis using multiple toolsPlease read the full analysis to get the complete picture. Let's start with the trend lines. We have three increasing angles of support trend lines. The third one marked with this week's low so it might change if we happen to get a lower low. For the resistance we have R1 which is anchored at the ATH at the December 2024 top. This resistance trend line was tapped twice more, in January and February 2025, creating marginally lower highs marking the triple top which sent Litecoin to its recent low. R1 and any of the support trend lines, most notably S2 create a symmetrical triangle. This triangle can break either way and any time. So in theory, it could take it's time until late 2026 or early 2027. If it breaks in 2026, I would expect it to breakdown given that would correspond to the bear market timing of the bitcoin four year cycle. Next let's take a look at the pitchfork. This is a Schiff pitchfork from the 2018 bear market lows to the all time highs to the 2022 bear market lows. Macro pitchforks like this one tend to be respected. We can see that the August 2024 low hit the outside line of the pitchfork. The 0.5 line (green) flipped multiple times in this cycle between being support and resistance. The Schiff pitchfork in this case gives us the most conservative targets. More bullish targets are observed when switching to the modified Schiff pitchfork. However, for proper risk management it is better to start with the Schiff pitchfork and only if the price breaks the resistance levels, then switch to the modified Schiff. Here is the modified Schiff pitchfork: We can see interesting price interaction here as well. The August 5th 2024 weekly close was still above the outside line. The currently weekly low also hit the outside line. Similarly to the Schiff pitchfork, the 0.5 line also flipped multiple times being support and resistance. Zooming in on the price action since the December 2024 high, we can examine the Fibonacci retracement and how it aligns with the pitchfork, supply zones and a fair value gap (FVG). At the time of this writing, we are about 5 hours away from a pretty bullish weekly candle about to close above the 0.236 Fib with the first significant volume increase since the week of February 24th. The next Fib levels are potential resistance levels. The 0.382 and 0.5 Fibs fall within the first supply zone. The 0.786 and the final 0.886 Fibs fall within the second supply zone. The most bullish artifact on the chart is the weekly FVG. These gaps tend to be filled and the one we have here borders the 0.618 Fib. Moreover, the pitchfork 0.5 line falls withing this FVG. If the FVG will be completely filled during a rally in the next few months, the price will break above the pitchfork 0.5 line and hit the resistance at 0.618 Fib. If the price breaks the 0.618 Fib the next resistance area will be composed of the second supply zone, 0.786 and 0.886 Fibs and R1. Once this resistance area is cleared and price breaks above the December 2024 high at 147$ it can challenge the Schiff pitchfork median line with price targets at 180-190$ depending on when it will be hit. The median line is expected to be a major resistance, especially since it will be the first touch hitting it. If broken, the modified Schiff pitchfork gives targets at 230-250$ depending on when it will be hit. For completeness, a quick look at the RSI and SRSI. RSI is around 43. SRSI is about to cross bullish ( [ending the weekly close) and still needs both the fast line and slow line to cross 20 for a complete bullish signal. No altcoin analysis is complete without examining the BTC pair. LTCBTC had last week the lowest weekly close since the week of November 4th 2024. In the RSI this resulted in the first instance of a bullish divergence since the LTC significantly outperformed BTC in November 2024. A similar bullish divergence happened leading into the week of November 4th 2024. However, note that since January 2024 LTCBTC made lower lows while most of the time the RSI made higher lows. Therefore, we can observe a continued period of weekly bullish divergences since January 2024 but it only unfolded into significant outperformance in November 2024. So, the bullish divergence is clearly bullish but it is hard to tell if it will result in LTC outperforming BTC in the near or far future. The SRSI is oversold but I wouldn't build too much on that. Also, not shown, LTCBTC MACD and LMACD are clearly crossed bearish. To sum up, LTC seems to have a clear path to the upside if the BTC bull run continues. As for whether or it will outperform BTC, it is hard to tell.
Long
by t3rmin4t0r
4