Hi there, EURUSD appears bearish on the M15, with three price targets for a bias around the 1.1 area. Monitoring will be required. A combination of ABC-D pattern and price liquidity zones with concepts of SND. Happy Trading, K. Not trading advice.
Developments earlier in the week regarding President Trump's 90 day tariff reprieve and the escalation of the trade war between the US and China have seen Gold recover from its slump, which saw it trade from a low of 2956 on Monday, to very quickly post a new all time high this morning at 3220. An impressive rally of 8.5%. It seems these two events have shifted the narrative driving Gold from a sell everything rush for liquidity (General rule: bad for Gold prices), to a demand for safe haven assets (General rule: good for Gold prices) as a hedge against uncertainty surrounding whether trade deals with the 56 countries that received a reprieve can be significantly advanced in 90 days, and what damage the tit for tat increase in tariffs between the US and China could do to the global economy. With this in mind the question is, can Gold continue to move higher towards 3300 as this uncertainty carries over into the weekend, or is there some significant resistance to overcome which could stop the rally in its tracks? Technical Outlook: Fibonacci Could Hold The Key Considering he was alive back in the 12th century, Leonardo Fibonacci continues to have an important influence over the price of financial assets and most recently, over the price action in Gold. Be it retracements or extensions that are calculated using ratios within the Fibonacci sequence, each have highlighted interesting levels for Gold traders of late. https://www.tradingview.com/x/fiPrYSXB/ As the chart above shows, the acceleration higher in the Gold price to 3168, on April 3rd, tested but at that time, was unable to close above resistance offered by the 138.2% Fibonacci extension of the October 31st to November 14th 2024 sell-off, which stood at 3146. This was able to hold the advance and even prompt a sell-off from these upside price extremes. This decline, while only seen over a 3 session period, led to a 6.66% downside move. Interestingly, this weakness was held and reversed back to the upside by the 61.8% Fibonacci retracement of the February 17th and April 3rd advance in price, which provided support at 2963. What are the Risks for Gold Now? Potential Resistance: Having seen a strong recovery from the 2963 retracement support this week, Thursday’s close managed to break above the 3146 Fibonacci extension resistance, and this morning, a new all-time price high has been posted at 3220. Such moves could possibly open scope to higher levels, although much will depend on future market sentiment and price trends. https://www.tradingview.com/x/fiPrYSXB/ Following latest closing breaks higher and this morning’s new all-time high, next resistance might now be marked by the 161.8% Fibonacci extension, which stands at 3208. Closing breaks above 3208 in Gold may now be required to suggest a more extended phase of price strength is possible. Potential Support: While latest moves to new all-time highs are a potentially constructive development, knowing what support levels could be worth monitoring to the downside, on any price failure can also be useful. https://www.tradingview.com/x/Tbaao5uX/ The first support may now be 3119, which is equal to the 38.2% Fibonacci retracement of this week’s strength, and it might be closing breaks below this level that may see downside pressure build. Having seen prices rally so well this week, breaks below the 3119 retracement if seen, could then prompt traders to look for 3088 tests, which is the 50% retracement, even 3057, where the 61.8% level stands. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
? NASDAQ 100 ?? By: Bullmaster ? This isn’t just a chart – it’s a macro time bomb ticking louder each month. Zoomed out to the monthly timeframe, the US Tech 100 is sitting at the edge of a massive rising wedge, formed over two decades. We’ve completed what looks like a classic Elliott Wave 5-structure ✅ Every historic peak is marked: ? Dot Com Bubble Peak ? 2008 Peak ? Covid Peak ?️ Trump-Era Peak Now comes the real danger… ? If the wedge breaks down, major levels below are exposed: • 16,659 – First line of defense • 10,669 – Covid crash retest • 4,816 – 2008 crisis level • 2,239 – Dot Com peak ? Black Swans are stacking up: • ? Unsustainable debt levels • ? Artificial liquidity driving irrational prices • ? AI bubble inflating fast • ? Geopolitical tensions (Taiwan, Middle East, etc.) • ? Fragile banking systems in the shadows • ? Overexposure to a handful of megacaps “Markets rise in euphoria, and fall in terror. Be ready for both.” – Bullmaster ? This isn't FUD. It's macro risk preparation. Stay sharp, manage risk, and remember: crisis = opportunity for those who survive the drop. ?➡️? #NASDAQ #MacroView #CrashComing? #BlackSwanAlert #Bullmaster #ElliottWave #RiskManagement #TechBubble
Dear Traders, Gold, contrary to technical analysis, broke the previous high and is currently within the upper boundary of the ascending channel. I expect gold to start a decline from the 3245–3280 zone, and the correction will likely be deep in terms of time. The initial target is 3100, and the final target is 2900, which is the bottom of the ascending channel. If the ascending channel is broken, a new analysis will be required. If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza
The STOXX50 Index remains in a bearish structure, with recent price action confirming a break below the prior consolidation zone, indicating potential for further downside. Key Resistance: 5056 – former support turned resistance, aligning with the intraday consolidation area. Support Levels: 4645 – near-term target if bearish momentum continues 4548 and 4480 – medium to long-term downside objectives An oversold bounce may occur, but unless price breaks and closes above 5056 on the daily chart, the bearish outlook remains intact. Conversely, a confirmed breakout above 5056 would invalidate the bearish bias and open the path to test 5154, with 5237 as a secondary resistance. Conclusion The STOXX50 bias is bearish below 5056. Watch for a rejection at that level to confirm downside continuation. A daily close above 5056 would shift the outlook to bullish. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
The pair is on On a weekly discount level and also on the hourly it is on a strong low. My forecast, even using the law of supply demand price will be bouncing back to the level of 1.10 in the near future.Stop lost 100 pips.Targets target 300 pips.
The FTSE 100 Index remains in a bearish structure, with recent price action confirming a break below the prior consolidation zone, indicating potential for further downside. Key Resistance: 8224 – former support turned resistance, aligning with the intraday consolidation area. Support Levels: 7760 – near-term target if bearish momentum continues 7645 and 7522 – medium to long-term downside objectives An oversold bounce may occur, but unless price breaks and closes above 8224 on the daily chart, the bearish outlook remains intact. Conversely, a confirmed breakout above 8224 would invalidate the bearish bias and open the path to test 8305, with 8460 as a secondary resistance. Conclusion The FTSE bias is bearish below 8224. Watch for a rejection at that level to confirm downside continuation. A daily close above 8224 would shift the outlook to bullish. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
LINK is currently trying to break out of the downtrend on 1h chart. As we are in a big downtrend at the moment, link could potentially pullback to the 13.00 area and continue its bearish movement. If we end up breaking the 13.00 resistance, link will head higher to the next resistance which sits at the 14.35 level. I will watch link closely at the 13.00 level, once I get a confirmation of rejection from this level, I will be taking a short position there.
BTC is currently trading within a well-defined descending channel, showing consistent lower highs and lower lows since mid-March. Descending Channel: The upper and lower boundaries have acted as reliable resistance and support zones. Double Bottom Pattern: Price action recently formed a double bottom near the $75,000 zone (marked "HUNT2"), which is typically a bullish reversal signal. Breakout Target: The neckline breakout from the double bottom targets the $85,000–86,000 zone, which aligns with the upper boundary of the channel — a confluence resistance. Fakeouts (HUNT1 & HUNT2): These "hunt" zones likely represent liquidity grabs or stop-loss sweeps, indicating strong institutional manipulation before major moves. Bullish Scenario: After touching the lower level of the neckline, it goes to touch the top line of the channel and touches the target of the pattern. . Bearish Scenario: Rejection from the $85K zone could send BTC back down toward 73K –$ 74 K. Further downside could bring the $69K–$70K zone into focus.
GBP/USD 4-Hour Analysis Technical Outlook — 11 April 2025 Current Market Condition: GBP/USD on the 4-hour timeframe is showing signs of a potential short-term bounce as it trades around 1.3100. The price has recently moved above the 50-period EMA, indicating short-term bullish momentum, however nearing a death cross of 50EMA to 200MA. This will confirm bearish momentum. Key Technical Highlights: Price Action: The price has rallied from a recent low around 1.2700 and is now trading near 1.3100, above the 50-period EMA and 200 MA, signaling potential short-term buying interest. Support and Resistance: Resistance: Key resistance levels are identified at 1.3200 and 1.3300. The 200-period MA near 1.3150-1.3200 adds confluence to the first resistance zone. Support: Key support levels below the current price are at 1.2900, 1.2700, and 1.2600, with 1.2900 being the nearest significant support. Momentum Indicator: The stochastic oscillator at the bottom is heading in overbought territory signalling exhaustion. Possible Scenarios: Bearish Scenario (Higher Probability): If the price fails to break above resistance level around 1.3150-1.3200 and shows a rejection (e.g., a bearish candlestick pattern like a shooting star), the bearish bias is likely to persist. A drop below the 50-period EMA and the recent swing low at 1.2900 could lead to further declines toward the 1.2700 support, with deeper support at 1.2600. Bullish Scenario (Moderate Probability): If the price sustains above the 50-period EMA and breaks through the resistance level of 1.3200 with a strong 4-hour candlestick close, it could signal a short-term bullish move. A confirmed break above 1.3200 may lead to a test of the next resistance at 1.3400, supported by the upward momentum in the oscillator. If you found this analysis valuable, kindly consider boosting and following for more updates. Disclaimer: This content is intended for educational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results.