I think that in the short term, the price range will be 0.019 and 0.023. I think that the price will reach the top level of 0.023 on April 7th. These are my personal opinions and are not shared for investment advice.
OIL prices should hike from this support towards the normal 75,00 to the USD. This area is a strong support zone, let us see if it rejects habibi
Amazon (NASDAQ: NASDAQ:AMZN ) is facing huge downward pressure following President Donald Trump's announcement of sweeping tariffs. The stock dropped 9.26% in early trading, reaching $176.92 as of 11:01 AM EDT. These tariffs impact over 100 countries, including China, a key supplier for third-party merchants on Amazon’s platform. Rising import costs could push prices higher, affecting consumer spending and Amazon’s profit margins. Looking at the broader market, it is also struggling from the tariffs. The Magnificent Seven stocks, including Apple, Nvidia, Meta, Tesla, Alphabet, Microsoft, and Amazon, have all seen huge drops. Amazon’s 8% drop is among the largest, further highlighting its vulnerability to trade disruptions. If these tariffs persist, they could reignite inflation, weigh on economic growth and further impact stock prices. Amazon has faced major market shifts in the past. In 2022, its stock lost over 50% of its value within a few quarters. The question now is, can the current decline lead to similar losses? With Amazon trading at $242 in February, some fear it could drop below $120 if the economic outlook worsens. Adding to concerns, geopolitical risks remain high. The ongoing war in Ukraine, coupled with uncertainty over future U.S policies, creates a volatile environment for stocks. Amazon’s reliance on global supply chains and consumer spending makes it highly sensitive to market shocks. Technical Analysis Looking at Amazon technically, there has been a downtrend since early February when it reached an all-time high and a 52-week high of $242. This peak came shortly after the presidential inauguration, but since then, the market conditions have not been favorable. The introduction of new tariffs has fueled bearish momentum, pushing Amazon lower toward key support levels. Currently, the stock is testing a double support level, an ascending trendline and a horizontal support around $180. If buyers step in at this level, a rebound could occur, targeting the previous $252 all-time high. However, given the economic uncertainty, there is a strong chance the stock may break below this current support. If the weekly candle closes strongly below the $180 level, the next critical point where the stock might find support is around $144. This area has historically provided strong buying interest and it may serve as a potential bottom if the decline continues. Looking at momentum indicators, the weekly RSI currently sits at 33, indicating strong bearish momentum. Despite the reading approaching the oversold reading, macroeconomic data shows the downtrend remains dominant and further losses could be ahead. What's the Outlook? Can Amazon Recover Soon? The coming weeks will be crucial for Amazon’s stock. With earnings expected between April 28th and May 2nd, market sentiment may shift based on revenue growth and profit margins. However, ongoing trade uncertainties and rising costs remain key risks. For now, monitor price action around the current market price of $180. A strong bullish move could confirm a short-term recovery. On the other side, a break below this double support level may signal a further drop towards $144 support level.
Interest rates are set to go down quicker than we expected, as the act of kindness of President Trump is put into force
The trend of gold's continued rise after breaking through $3,100 indicates that its path of least resistance is still upward. After losing below, it may return to the round mark of $3,100. If it effectively falls below this level, it may trigger a long-covering market, which will push the gold price to test the support of $3,076 near Monday's low. In the short term, pay attention to the new high of $3,148-50. Today's operation ideas for gold; 1; The upper short position can be tried at 3125-30, with a small stop loss, the target is more than 15 points, if the loss is swept without replenishment, no more entry, 2; The lower long position can be tried at 3080, look at 10-15 points, long positions must have a stop loss. If you don't want to take losses, don't participate in long positions.
I believe ENJ will exit the market after a significant fall, so it's not a good time for long positions.
The SPX has completed its correction within a falling wedge pattern and is now poised for a breakout and a parabolic move, with expectations of reaching new highs moving forward.
AUDCHF is bearish with no bullish divergence. Entry is at retracement at LH.
Buffett's investment in CB seems to be playing well into tariff volatility.
This chart represents the JPY/USD (Japanese Yen vs. US Dollar) on a daily timeframe (1D), published on April 3, 2025, via TradingView. The price action and technical indicators suggest a bearish outlook based on the formation of a Rising Wedge Pattern, a classic reversal structure signaling potential price depreciation. 1. Chart Structure & Identified Patterns A. Rising Wedge Formation (Bearish Reversal Pattern) The price has been moving in an uptrend, forming higher highs (HH) and higher lows (HL). The two converging black trendlines indicate a rising wedge, a pattern that typically precedes a downside breakout. A rising wedge is considered a bearish signal, especially when formed after a strong rally. B. Support and Resistance Levels Resistance Zone (Highlighted in Beige, Upper Range) This level represents a historically significant supply area where selling pressure is expected. Price action shows multiple rejections at this level, indicating the presence of strong resistance. The red downward arrow further confirms that this level is acting as a cap on price movement. Support Zone (Highlighted in Beige, Lower Range) This area previously served as a strong demand level, where buyers stepped in, reversing the price. The green upward arrow suggests that it played a critical role in the prior bullish move. C. Key Price Levels All-Time High (ATH) Marked at ~0.007155 This represents the historical peak price, which serves as a potential long-term resistance. Stop-Loss Placement (~0.006959) This is placed above the resistance level to manage risk in case of a false breakout. Target Level (~0.006178) Based on the wedge height, this level is calculated as the measured move after a breakdown. 2. Price Action & Market Sentiment A. Recent Bullish Move The market has been in a strong uptrend since hitting the support zone. This move was characterized by higher lows and higher highs, reinforcing bullish momentum. However, momentum appears to be weakening as the price struggles to break through the resistance. B. Confirmation of a Bearish Reversal The price has touched the upper resistance zone multiple times but failed to break through. The trendline breakdown (expected move) suggests sellers are stepping in. A lower high formation is seen as an early warning of a reversal. 3. Trade Setup: Short Position Strategy This setup aligns with the principles of technical analysis, utilizing the Rising Wedge as a bearish reversal pattern. A. Entry Strategy Sell Entry Trigger: Enter a short trade upon a confirmed breakdown below the lower trendline. Retest Confirmation: Ideally, wait for a pullback to the broken trendline before shorting to avoid false signals. B. Risk Management Stop-Loss Placement: Above the resistance zone at 0.006959, to protect against an invalidation. Take-Profit Target: Set at 0.006178, calculated based on the wedge’s height projection. C. Reward-to-Risk Ratio (RRR) RRR = 2:1 or higher The target level offers a risk-reward ratio that justifies the trade setup. 4. Summary & Final Outlook Bearish Signals: ✅ Rising Wedge Pattern – A strong reversal indicator. ✅ Lower Highs and Weak Momentum – Suggests selling pressure. ✅ Failure to Break Resistance – Indicates bullish exhaustion. ✅ Projected Target Based on Wedge – Price expected to reach 0.006178. Neutral Considerations: If price does not break the lower trendline, the pattern is not validated. If a false breakdown occurs, prices may briefly recover before falling. Bullish Invalidation: If the price breaks above 0.006959 and sustains above resistance, the bearish setup is invalidated. Final Verdict: ? Bearish Bias – The market setup favors a downside move upon a confirmed breakdown. ? Target: 0.006178 (Key support level). ⚠️ Risk: If the price does not break lower, consolidation may occur before a clearer move.