Fear gripped global markets earlier this week as major economies clashed over tariffs that threatened to push the United States and the world into recession. Donald Trump said on Sunday that the United States was taking “medicine” to cure its trade “disease.” But the pressure on the Trump administration is growing as Americans’ investment and retirement accounts have plummeted. Even Trump’s staunchest supporters, including Sen. Ted Cruz, Rep. Mitch McConnell and Elon Musk, have begun to voice concerns. JP Morgan CEO Jamie Dimon warned that the tariffs would push up commodity prices and slow economic growth, potentially leading to “stagflation.” The market is currently pricing in five rate cuts by the Federal Reserve this year, totaling 1.25%. Many investors believe the Fed could make an emergency rate cut before its next policy meeting. Technically, despite the weakness in gold prices, buyers still have the technical advantage in the short term. The overnight rebound suggests that sellers may be exhausted. The buyers’ target is to close above the resistance level of $3,201.60/ounce (the contract high). On the other hand, sellers want to push prices below the support level of $2,950/ounce.
Today's buying and selling boundaries: 146.92 Support and resistance levels 150.22 148.99 148.18 145.65 144.85 143.61 Trading strategy: If the price breaks through 148.18, consider buying, the first target price is 148.99 If the price breaks through 146.92, consider selling, the first target price is 145.65
Looking like a very valid pattern on the weekly hart. My guess is it will break upward somewhere around where I have arbitrarily placed the dottedmeasuredmove line, in which case the breakout target would be somewhere around $4.80 always a chance we retest the bottom trendline and even send a wick below. It before confirming a break upward though. *not financial advice*
Today's buying and selling boundaries: 1.0944 Support and resistance levels 1.1113 1.1050 1.1009 1.0879 1.0838 1.0775 Trading strategy: If the price breaks through 1.0944, consider buying, the first target price is 1.1009 If the price breaks through 1.0879, consider selling, the first target price is 1.0838
If this triggers breakout would potentially be the length of the flag pole.
I gave you the bad news but only because the market peaked and turned bearish. When the chart is bearish, I call it bearish. In reverse, when the chart turns bullish, I will share with you exactly what the share says. All possible scenarios? No! I will tell you the future before it happens... Put your seatbelt on. Join the ride. Let's trade! The markets today are not the same as they were 100 years ago. Today, bear markets are short, bull-markets are long. Money is easily accessible now. Companies that are in trouble do not have to go bankrupt. The system has many tools to protect the market and its participants. The business world and finance, continues to improve, advance and evolve. With time, bear markets will continue to become shorter while bull markets will continue to expand. Prosperity and stability will be the norm. Humanity is in an ascending trend. We are going up, worldwide, civilization wise... The correction you saw between early January and today was the end. Three months going down and a total drop of 43% (-43%). That's it, NVDA is going up next. NVDA produced a peak in June 2024. There was a correction and support was found at 91 in August. After some sideways, distribution, the drop was resumed and the same level activated again. NVDA bottomed yesterday at 92 and today it hit 86 but just to recover right away. The recovery is really strong and also a positive signal. This recovery is happening on a Monday and is producing high volume. This is a long-term support level and it holds. Minimum, we get a bounce now and prices move up because of this support. Once support is tested, the action moves back to resistance. By the time our previous resistance level is hit the market will be bullish and strong; interest rates will be lowered and in May we will have Mars (astrology) with a stabilized orbit, the action planet, which means that we will moving ahead with full force. These signals combined are telling us that the down period is no more. This is a friendly reminder: NVDA is going up. I love you. Thanks a lot for your continued support. Namaste.
personal journaling purposes. 78.6 support. low risk entering into European session and probability that it will retrace to 61.8 creates a great risk reward
Hey Rich Friends, I think EURUSD will continue to buy today and maybe this week. This is only my technical analysis, so please check the news and cross-reference the indicators on your chart. Here is what I am looking at: - The market has bounced from the previous day's low around 1.08740 - Bullish candles have picked up momentum in the last few hours - Structure was broken on H1 and resistance was retested as support - The STOCHASTIC is facing up, the orange line (slow) is below the blue line (fast), both have crossed above 50%. These are all bullish confirmations for me. I will set my SL at the previous day's low and use previous highs as my TPs. Good luck if you decide to take this trade. Let me know how it goes in the comments below. Peace and Profits, Cha
1. What happened (recap): Last week, EURUSD reached the 1.1150 zone, a level that hasn't been touched since August-September last year. After that, the pair started a correction. Although the week started with a gap down yesterday, bulls took control and pushed the pair higher. 2. Key Question: Has EURUSD completed its correction, or is another drop coming? 3. Why I expect further upside: • ? A retest of the formed support at 1.09 occurred during yesterday’s New York session, followed by a fresh rebound. • ? The drop from 1.1150 appears corrective in nature, suggesting the possibility of a new leg up. • ? As long as 1.09 holds, my strategy is to buy dips with the primary target being a retest of the 1.1150 resistance zone. 4. Trading Plan: ? I’m looking for buying opportunities on dips, aiming to retest the 1.1150 resistance area. This scenario is invalidated only by a daily close below 1.09. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
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