SMC Trading point update This chart presents a technical analysis of USD/JPY on the 1-hour timeframe. The key insights from this analysis are: 1. Order Block & Potential Reversal The price has dropped significantly and reached a highlighted order block zone (a key demand area). A potential inverse head and shoulders pattern is forming, indicating a possible bullish reversal. 2. Expected Bullish Movement The price is expected to bounce from the order block, creating a bullish structure. The projected move suggests a retracement toward a resistance zone, which aligns with previous price action. Mr SMC Trading point 3. Target Zone & EMA 200 The target zone is around 148.946 - 149.178, aligning with the 200 EMA, a significant resistance level. 4. RSI Indicator The RSI is currently low (~38.93), indicating potential for a reversal as the market may be oversold. Conclusion The chart suggests a bullish retracement after the recent drop, targeting the resistance zone near the 200 EMA. However, confirmation is needed (e.g., bullish price action, volume increase) before taking a trade. Keep an eye on fundamental news that may impact USD/JPY volatility. Pales support boost ? analysis follow)
Technical analysts are observing potential buying interest in XPDUSD (Palladium versus US Dollar) at the Golden Ratio completion point of a Crab harmonic pattern , specifically around the $911 USD level. This area is anticipated as a possible support zone where buyers may initiate long positions, predicated on the pattern's predicted reversal.
Projecting an upside direction to complete the impulse sequence. We're in a 3-4-5 of a (3)rd wave. We can project a wave 5 completion. Note** waves 1 and 4 cannot overlap, so we can use wave 1 high as an invalidation level.
Will be posting this on X, in regards to why I took this and this was along the same idea of Amzn shorts that I had posted. I'll also post the swing gains in X with 700% banger on the contracts. This played pretty well than AMZN did.
On the 1-hour timeframe, XAU/USD has formed an Elliott Wave corrective structure. This is an expanded flat correction, typically seen in the 4th wave. The correction seems to have been completed at 3,054, suggesting that the 5th wave may be in progress. For bullish traders, a potential long position can be considered around the 0.236 retracement level as a pullback entry point. The 5th wave has the potential to reach the following upside targets: 3,110, 3,145, 3,165 However, this bullish outlook remains valid only if the low of Wave IV holds. A breakdown below this level would invalidate the bullish scenario.
On Friday, April 4, 2025 at 3:30 PM EET, the U.S. Department of Labor will release one of the most anticipated macroeconomic reports — the Non-Farm Payrolls (NFP). This figure reflects the change in the number of jobs in the non-farm sector and is a crucial indicator of economic health. Strong numbers suggest economic expansion and may prompt the Fed to tighten monetary policy, while weak data could strengthen expectations of rate cuts — impacting stocks, the U.S. dollar, bonds, and commodities. Historically, NFP reports have triggered significant market reactions, with sharp movements depending on the actual data versus expectations. Analysts forecast a moderate job gain, indicating a slowdown compared to recent months. The release comes amid uncertainty linked to new tariffs introduced by President Trump, which may affect business confidence and consumer spending. Investors are closely watching for signals on the economy’s direction and potential Federal Reserve actions. How could NFP impact the markets? • Stock market: Weak data could stoke recession fears, pressuring equities, especially in cyclical sectors. However, if seen as a reason for Fed easing, markets may rebound. • U.S. Dollar: A disappointing report might weigh on the dollar as investors adjust their rate expectations. Strong figures, on the other hand, would support USD. • Bonds: Slower job growth could drive demand for U.S. Treasuries, pushing yields lower. • Gold: In case of weak data, gold may rally as a safe haven amid rising expectations of looser monetary policy. Economists expect a job gain of around 140,000, lower than previous figures — a scenario that could increase market volatility. Get ready for big moves!
We are close to the price low since 2020 now. This may seen as an important support. But the momentumis still high enough so that it may take time to build a bottom here. Before a major attempt to correct upward the lows at around 190 will likely be tested.
Dow Jones / US30 remains under heavy selling pressure as it has been yet again rejected under the 1week MA50, failing to hold the closings over it of the past 3 candles. This is the strongest correction of the index since the September 26th 2022 bottom and the start of the Channel Up. Despite the negatives, the 1week RSI is almost on the 37.50 level, which is where the last higher low of the Channel Up was formed on October 23rd 2023, again under the 1week MA50. Obviously even though the downside may continue for a few more days, the extent is limited technically, especially since the worst of the tariffs have been priced and only new and more aggressive ones can inflict more non-technical fear on the market. This is a unique long term buy opportunity, the likes of which saw 2 rallies before of +21.10%. Even in the event of one more dip, a 48000 target towards the end of the year is very realistic. Follow us, like the idea and leave a comment below!!
Technical Analysis: Recent patterns suggest a potential bearish move. Analysts have identified key support levels at $3,048, $2,953, and $2,858, with deeper support around $2,870. These levels may present opportunities for short positions if the price retraces. Market Volatility: The announcement of new tariffs by President Donald Trump has led to significant market fluctuations. Gold prices initially surged to record highs but experienced sharp declines shortly after, indicating potential instability and opportunities for short positions. Central Bank Activity: While central banks have been purchasing gold, there is an expectation that these purchases may decrease if prices remain elevated. A reduction in central bank demand could exert downward pressure on gold prices. Interest Rate Expectations: Anticipation of economic slowdowns due to tariff implementations has led markets to expect interest rate cuts. However, if these cuts do not materialize as expected, it could strengthen the U.S. dollar, making gold less attractive and potentially leading to price declines.
Zach Yadegari, the high school teen co-founder of Cal AI, is being hammered with comments on X after he revealed that out of 18 top colleges he applied to, he was rejected by 15. Yadegari says that he got a 4.0 GPA and nailed a 34 score on his ACT (above 31 is considered a […]