Bit frustrated cause so many news mannnnnn. Couldn't really trade for that long cause I stop after major news but also a PMI folder just 15min into the opening is just evil. Good session tho. Won't trade tomorrow, but I will thursday and friday.
On 4hr time frame, clean Change Of Character (ChoCh) has been observed indicating sign of strength. Price is at demand , Stoploss: 0.022, Targets: 0.0423 & 0.05
Dogecoin / DOGEUSD is about to start the final and most aggressive rally of its Cycle. As this ultimate historic chart shows, we are on DOGE's 3rd Cycle and with the Rising Support that's been supporting since the Bear Cycle bottom making its 3rd low, this is going to kickstart the rally. This is whar happened on both previous Cycles with the rallies extending fairly close to the top of the Cycle. This tells us that $5.000 is a very achievable target by the end of this year, if not higher. Follow us, like the idea and leave a comment below!!
EMA (30, close) - Red Line: 149.488 (shorter-term trend) EMA (200, close) - Blue Line: 149.862 (longer-term trend) Trade Setup: Entry Zone: Around 149.000 (marked by the purple support area) Stop Loss: 148.698 (below the key support level) Target Point: 150.275 (potential profit level) Analysis: Price is currently testing a strong support zone (purple area), suggesting a possible bullish reversal. The 30 EMA (red) is acting as local resistance. The 200 EMA (blue) is positioned above, which may act as further resistance if price moves up. The price action suggests a potential bounce from support, leading to a target around 150.275. Risk-to-Reward Consideration: Stop loss is placed slightly below the support zone for risk management. Target price provides a favorable risk-to-reward ratio of approximately 1:3. Conclusion: A long (buy) trade is expected if price holds above the support zone. If price breaks below 148.698, the bullish setup could be invalidated. A break above 149.862 (200 EMA) would confirm a stronger bullish continuation.
There is a small correlation between the two. If the zones hold and the highs/lows are broken then the analysis holds.
The German DAX 40 index (GER40) recently tested key support around 22,063.63 and exhibited a bullish reaction. ? Bullish Scenario: If GER40 sustains above 22,063.63, it may push towards the 22,775.84 resistance zone. A break above 22,775.84 could open the way for a break and retest, potentially leading to a continuation towards the 23,395.75 resistance level. ? Bearish Scenario: If the price fails to hold above 22,063.63, further downside towards 21,231.97 may be observed. ⚠ Risk Disclaimer: This analysis is for informational purposes only and does not constitute financial advice or a trading signal. Market conditions can change rapidly, especially in light of recent geopolitical developments. Always confirm market conditions using your own strategy before making any trading decisions.
There is a small correlation between the two, if you are keen you can see it. If the zones hold then a break above the wicks could confirm the bias.
At the end of March, the monthly and quarterly lines of gold and silver closed with saturated strong positive lines. The first trading day of the month has broken the high by inertia, which is consistent with expectations. Next, the focus should be on guarding against the potential scenario of pulling up shipments in the first half of the month, and the possibility of extreme volatility. There are a lot of heavy news data from the 2nd to the 4th. I think there is a high probability that there will be an obvious turning point. However, given that the global political and economic situation has not cooled down significantly, even if there is a turning point and a correction, or even a sharp correction, it is still difficult to make a real judgment of a reversal of the big cycle trend. Therefore, I think the general idea of the short and medium-term line should be to maintain short first and then long. The small resistance is around 3145--3155, and the important support during the week is around 3050. Given the recent volatility, it is obviously necessary to continue to be prepared to deal with continued large fluctuations. The above strategy is based on current market analysis, and specific operations need to be combined with real-time data!
This chart represents a trading analysis for Gold (XAUUSD) on a 30-minute timeframe. Here are the key points from the chart: Technical Indicators: EMA (30, close) - Red Line: 3,124.52 (shorter-term trend) EMA (200, close) - Blue Line: 3,090.41 (longer-term trend) Trade Setup: Entry Point: 3,108.21 Stop Loss: 3,098.52 (just below the support zone) Target Point: 3,149.04 (potential profit level) Analysis: The price is currently bouncing from a purple support zone, which aligns with a short-term retracement. The 30 EMA (red) is currently above the price, indicating short-term resistance. The 200 EMA (blue) is significantly lower, showing that the overall trend is still bullish. A potential long (buy) trade is suggested, as price is expected to reverse from the support level towards the target point of 3,149.04. Risk-to-Reward Ratio: The stop loss is set below the key support level to minimize risk. The target price provides a significant profit potential. Conclusion: If price holds above 3,108.21, there is a strong bullish case. If price breaks below 3,098.52, the bullish setup may become invalid. Monitoring the 30 EMA resistance will be crucial for confirmation.
In the past 24 hours, the world of cryptocurrencies saw a notable shift involving 640 million XRP tokens. Both analysts and investors have become intrigued by this significant movement and started conjecture.