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Dow Futures: Bullish Break in Play as Key Resistance FallsDow futures cleared not only the 200DMA on Thursday but also downtrend resistance dating back to the record highs set in February, suggesting a new trend may now be underway. While the initial rejection at 41787 warrants some caution, with momentum indicators swinging into bullish territory, there’s enough here to consider long setups heading into this weekend’s key trade meeting between the U.S. and China in Switzerland. One idea would be to buy above the 50DMA with a stop below for protection. 41787 is an early hurdle to clear, with a break above opening the path for a potential run towards the 200DMA—that screens as a reasonable target. If the price reverses and closes back below the 50DMA, the bullish bias would be invalidated. Good luck! DS
CBOT_MINI:YM1!Long
by FOREXcom
GBPUSD InsightHello and welcome, subscribers! Please share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - A trade agreement has been signed between the United States and the United Kingdom. U.S. President Trump immediately reduced tariffs on 100,000 British-made cars from 25% to 10%, and granted exemptions on tariffs for steel, aluminum, and aircraft parts. The UK agreed to open its market to U.S. machinery, agricultural, and livestock products, committed to purchasing $10 billion worth of Boeing aircraft, and decided to lower the average tariff on U.S. goods from 5.1% to 1.8%. - President Trump commented on the upcoming high-level talks with China this weekend, stating that they "will be substantive and China wants to make a move." - The Bank of England lowered its base interest rate from 4.50% to 4.25%, but with some members favoring holding the rate steady, the move is widely seen as a "hawkish cut." Key Economic Events This Week + May 9: Speech by Bank of England Governor Andrew Bailey GBPUSD Chart Analysis The pair is continuously attempting to break above the previous high at the 1.34000 level but has failed so far, resulting in a pullback. There are two potential scenarios to watch from here: 1. A slight additional decline followed by a rebound at the 1.31500 level, leading to another attempt to break the previous high. 2. A break below the 1.31500 level, shifting momentum to the downside and continuing a mid- to short-term downtrend toward the 1.28500 level. We will monitor the 1.31500 level closely during this short-term decline to assess which of the two scenarios plays out.
Short
by shawntime_academy
The buy low and long strategy is coming！From the 4-hour analysis, the support below is around 3308-3300. If it does not break, the main bullish trend will remain unchanged. The upper side pays attention to the short-term suppression of 3360-66. The daily level stabilizes above this position and continues to maintain the low-multiple rhythm. Gold operation strategy: 1. If gold falls back on the 3325-3320 line, go long, and if it falls back on the 3310-3300 line, it will cover long positions. The target is 3355-3360.
OANDA:XAUUSDLong
by TP_Daniel5
CAKE/USDT | Rising Wedge ⇒ Supply-Zone ShortCAKE/USDT | Rising Wedge ⇒ Supply-Zone Short Building on Prior Success Following my May 1 CAKE/USDT forecast—view it here: —which itself was rooted in the April 6 trend-rebound call that delivered a 38% gain: 📈 Market Structure Pattern: Well-defined rising wedge since early April (blue trend-lines) Bearish Impulse: Wedges often break down as buying exhausts into the apex 📌 Supply Order Block Zone: 2.246 –  2.300 USDT (blue shaded area) Upper Resistance:  2.387 USDT (Red line) marks April’s supply peak ⚔️ Entry Levels Aggressive: Short on a clear rejection from 2.246 USDT (lower edge of block) Conservative: Wait for a failed break or bearish candle near 2.300 USDT (block/wedge confluence) 🛑 Stop Loss Invalidation: A close above 2.40 – USDT high-timeframe supply Rationale: Allows for a false spike while protecting capital 🎯 Profit Targets TP1 2.110 TP2 1.946 TP3 1.752 🔧 Trade Management - Scale out partial positions at each TP to lock in gains - Move stop to breakeven once TP1 is reached - Reassess if price sustains above 2.40 USDT ⚠️ Rising wedges can whip both ways—always size positions properly and respect your stop.
Short
by CryptoSheykh
Nikkei 225 index Wave Analysis – 8 May 2025 - Nikkei 225 index broke the resistance zone - Likely to rise to resistance level 38275,00 Nikkei 225 index recently broke the resistance area between the resistance level 37255.00, resistance trendline from January and the 61,8% Fibonacci correction of the downward impulse from January. The breakout of this resistance zone accelerated the active impulse wave c of the intermediate ABC correction 4 from the start of April. Nikkei 225 index can be expected to rise to the next resistance level 38275,00 (former monthly high from March and the target for the completion of the active impulse wave c).
PEPPERSTONE:JPN225Long
by FxProGlobal
Bouygues SA Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Bouygues SA Stock Quote - Double Formation * (Anchored VWAP)) | Completed Survey * Wave Feature On Entry Bias - Long Set Up | Subdivision 1 - Retracement Area At 10.00 USD - Triple Formation * Ongoing Wave (3)) & Retest Area | Subdivision 2 * (TP1) | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) | Indexed To 100 - Position On A 1.5RR * Stop Loss At 112.00 EUR * Entry At 117.00 EUR * Take Profit At 124.00 EUR * (Uptrend Argument)) & No Pattern Confirmation * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
PEPPERSTONE:EN.FRLong
by TradePolitics
EURUSD Wave Analysis – 8 May 2025 - EURUSD broke support zone - Likely to fall to support level 1.1130 EURUSD currency pair recently broke the support area between the support level 1.1300 (which has been reversing the pair from the start of April), support trendline of the daily up channel from March and the 38.2% Fibonacci correction of the upward impulse from March. The breakout of this support area accelerated the active short-term ABC correction ii from the start of April. EURUSD currency pair can be expected to fall to the next support level 1.1130 (former strong resistance from the start of April).
Short
by FxProGlobal
Why I'm Bullish on the DXY: A Fundamental Approach!Powell continues to take a cautious tone, emphasizing a wait-and-see approach while acknowledging rising inflation risks, which suggests there's no urgency to cut rates. This leans slightly hawkish, especially compared to the market’s more dovish expectations, and could support some near-term Dollar strength. However, a more sustained move in the USD likely hinges on progress in upcoming trade discussions—particularly with China. Today's FOMC outcome is just one part of the broader picture; the next key signal may come with developments in the coming days. For now, the bias remains USD bullish heading into the London session. Technically, the DXY has broken its downtrend, signaling a potential shift in momentum. I’ll be watching for a possible retracement toward the 99.700 area, which could serve as a key support level before any further upside continuation.
TVC:DXYLong
by JoeChampion
4
Gold Will be Bullish from a Historic Support LevelHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
USD/CAD Bulls Emerge at Support- Breakout ExtendsUSD/CAD rebounded off the lower parallel of the March downtrend with a breakout of the weekly opening-range extending into pivotal resistance. Support now rests with the low-day close (LDC) / 61.8% retracement of the December 2023 advance / monthly open at 1.3778/98- a break / close below this threshold would be needed to mark downtrend resumption towards the 78.6% retracement of the September advance at 1.3714 and the March high at 1.3614 . A topside breach above this pivot zone at the median-line exposes key resistance at 1.3977-1.4010 - a region defined by the 2022 high, the 2020 March weekly reversal close and the 200-day moving average. A close above this region would be needed to suggest a more significant low was registered this week / a larger reversal is underway with subsequent objectives eyed at the 1.41 -handle and 1.4149/78 - look for a larger reaction there IF reached. Bottom line: A rebound off downtrend support takes USD/CAD into the topside of a multi-week range – risk of a larger recovery while above the weekly open. From a trading standpoint, losses should be limited to 1.3778 IF price is heading higher on this stretch – look for a larger reaction on test of the 200-day moving average. -MB
by FOREXcom
Silver is Again in the Bullish directionHello Traders In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET today XAGUSD analysis 👆 🟢This Chart includes_ (XAGUSD market update) 🟢What is The Next Opportunity on XAGUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAGUSDLong
by ForexMasters2000
Will EURCAD rise from a strong Support LevelHello Traders In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (EURCAD market update) 🟢What is The Next Opportunity on EURCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
XAUUSD’s precise strategy.After the New York market, XAUUSD has seen some huge declines. 60-70 USD/ounce. Perfect decline. Regarding the decline mentioned yesterday. These two days have perfectly verified this trading logic, falling from 3438 to 3300. It is completely in line with the analysis expectations. Follow the members and also successfully obtain rich profits. The two important information mentioned yesterday and today, the interest rate decision and Powell's speech. These are the two bombshells in the current XAUUSD market. After the news landed, there was almost no bigger news to promote the rise in gold prices. Tariffs were implemented again, reducing market tensions. Many factors have consolidated the position of the US dollar. It has caused XAUUSD to fall under pressure. At the same time, the demand for the cryptocurrency BTCUSD is greater. Today, the London market clearly pointed out the buying point near 99400. Retreat to 98000 and continue to buy. The New York market rose sharply. The highest reached 101.5k, which also reached the expected range. If you follow the signal and trade independently. There is profit. It's just a matter of how much. In market trading, you should seize the opportunity when you can accumulate profits. Because opportunities are not always there. So you can follow me to make more lucrative profits with such a good market.
TVC:GOLDShort
by Band_analysis
XAUUSD Latest trading opportunities.All profits for five consecutive days of trading. Are you still losing money? Yesterday, I prompted to sell at a higher position. But today, the Asian market has seen some gains. The highest impact reached 3414, and then fell back by more than 100 US dollars, and the lowest touched 3320. Our high-altitude thinking is completely correct. It has helped members to make some considerable profits from selling orders. The market changes a lot. The lag is very strong, mainly because the good news is suppressed, leading to the trend of bad news. This is an aspect that needs to be focused on when trading. The market situation better proves the accuracy of my swing trading strategy. The current price is at 3345. We need to pay attention to the pressure of the 3362-3355 range and the support of 3300. The trading is still mainly selling. To prevent missing out on some good trading strategies and ideas, remember to continue to pay attention to the ideas of the swing trading center. If you want to get more and more accurate signals, you can leave me a message.
OANDA:XAUUSDShort
by Band_analysis
"Nifty 50 Chart Turns Cautious: Downside Risk Builds"1. **Rising Wedge Breakdown:** * The index had been trading in a **rising wedge** pattern (purple converging lines). * A **bearish breakdown** has occurred, suggesting potential for further downside. * The price broke below the lower trendline with strong red candles and rising volume, validating the bearish move. 2. **Bear Flag Breakdown:** * A smaller **bear flag** or **descending channel** pattern within the wedge broke down as well, reinforcing bearish sentiment. 3. **Support Zone Tested:** * Price is currently hovering around a critical **horizontal support zone** between **24,081 – 24,240**, marked with black lines. * The index is sitting just above this zone, and a clean break below could accelerate selling. 4. **Long-Term Uptrend Line:** * A longer-term ascending trendline lies just below the current price (\~24,050 area). * This could act as **last-resort dynamic support** before a larger correction. --- * **Immediate Resistance**: * 24,240 – Minor horizontal resistance * 24,400 – Former support now turned resistance * **Immediate Support**: * 24,081 – Horizontal support * 23,900–24,000 zone – Next key demand area * 23,700 – Long-term trendline & psychological support --- **Volume Analysis:** * Recent volume spike on red candles indicates **stronger participation from sellers**. * Bearish momentum is likely to continue unless volume dries up and bullish candles appear at support.
NSE:NIFTY
by Price_actiontaker14