I hope this will make me feel less urge to break my rules and actually stick to them
This 1-hour Gold (XAU/USD) chart from TradingView shows the price action around the $3,126 level. A pullback from resistance near $3,137 is evident, but the price remains above an ascending trendline, suggesting potential continuation to the upside. The chart includes a Supertrend Up Trend indicator, reinforcing the bullish bias. If support holds near the trendline, we may see a rebound toward the resistance zone at $3,140-$3,150. Explanation: This chart shows gold’s price movement on a 1-hour timeframe. The price recently dropped from a resistance level around $3,137, but it is still following an upward trend. If the price stays above the trendline (black line), it could bounce back up and continue rising toward $3,140-$3,150. The green "Supertrend" indicator suggests that the overall trend is still bullish.
We got the expected RED March close but it was a close thing. but, this creates better Odds for a continued push to ATH. We have had only 3 occasions when we had a Green Jan, Red Feb, Red March ( arrows) 2 of those went on to an ATH the following Year ! The other one was entering a Bear Market. Of the previous 7 RED March Closes, 5 were followed by a Green April And of those 5, 4 were followed by consecutive Green candles closes for the following Months. As you can see, April, May and June do have more GREEN closes than Red on average but May and June is near 50/50 It could be said that March Candle close was a "Spinning Top", showing in-balance / indecision in the market. This is possibly driven by Macro events. We had a similar situation in 2012 and April was Green, as were the following months. We had 2 other occasions with small Red candle bodies in March, both were Hammer Candles, one inverted, that led to a red April, the other was not and let to a green April. The March close we just had, had a Long Upper Wick. To me, this shows the BEARS had the upper hand, keeping driving down. And thats OK, PA needed to reset but we now need a GREEN April Statistically, April should close Green - We currently have a Score of 8 Green to 5 Red month closes for April. April seems to have opened GREEN and I hope to see it close that colour though we do need Caution Because of the Colour sequence over recent months, there are not many comparisons to use.
EUR/AUD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.7237 which is a pullback support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 1.7155 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement. Take profit is at 1.7417 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FenzoFx—Ethereum's downtrend stabilized at $1,755, a key support level. Currently, ETH/USD trades at $1,854, testing resistance. A double bottom pattern on the 4-hour chart suggests potential growth if bulls secure a close above $1,860. The next target could be $1,950, supported by the 50-period moving average.
Take note that this is a recounting of the waves again. I had not expected wave 3 to extend and thus even though I had previously called a short (and it worked for a super short while), that was obviously a failure. This set up is cleaner for the waves and we can now CLEARLY see the 5-waves structure, as opposed to force-counting the last time. I'll link my last failed trade here so you can study my mistake.
? US30 Trade Outlook – 01/04/2025 ? ? Market Structure & Key Levels US30 is showing signs of bullish recovery after bouncing from the 41,260 support zone. Price is currently testing the 42,000 area with momentum, but faces key resistance ahead. ? Key Observations: ✅ Bounce from Demand Zone – Strong reaction at 41,260 ✅ Short-Term Bullish Momentum – Price reclaiming EMAs ? Key Resistance Zones: 42,787 → 43,021 ? Trade Plan: ? Long if price holds above 42,000 → Target 42,787 – 43,021 ? Short if rejection near 42,800 → Target 41,600 – 41,260 ⚠️ April kicks off with volatility – stay reactive, not predictive.
As you know, I am bearish on Bitcoin in the long term. However, in the short term, the cryptocurrency could see a recovery. Yesterday, the price tested the 81,000 support zone once again and rebounded from that level. Now, Bitcoin is pushing against the 83,500 resistance, and I believe a breakout is likely. If that happens, we could see further gains, with 86,500 as the next key target for the bulls. In conclusion, I’m bullish on BTC in the coming days and will be looking to buy dips.
By Ion Jauregui - ActivTrades Analyst The EUR/USD trades cautiously on Tuesday, in a context marked by the release of key data that could define its direction in the coming days. The pair is trading slightly lower by 0.09%, reflecting investors' uncertainty ahead of the Eurozone Consumer Price Index (CPI) and manufacturing PMIs in Europe and the United States. Eurozone CPI under the spotlight The market expects March CPI in the Eurozone to have risen by 2.2% y/y, one tenth less than in February, while core inflation could come in at 2.5%, also one tenth below the previous figure. A lower-than-expected figure could reinforce expectations of a more moderate stance by the European Central Bank (ECB), which would put further pressure on the euro against the dollar. PMI and economic outlook Manufacturing PMIs will also be released today in Spain, Italy, France, Germany, the UK, the Eurozone and the US. These data will offer insight into the health of the manufacturing sector and could influence perceptions of economic strength in both regions. If the data in Europe shows weakness and the US data beats expectations, the dollar could strengthen further, extending the downward pressure on the EURUSD. Technical Analysis The EURUSD is currently climbing in price since April 26th, supporting its climb at higher supports at each time 1.07364, 1.07649, 1.07913 its current POC, and today it has broken out generating support near 1.08 dollars per euro. If this price holds as support, we will see an increase in the value of the euro against the dollar. The 1-day chart shows an upward expansion of the averages, but if we go to 4 hours this expansion is much more timid. And in 1 hour this expansion is non-existent and the three averages are about to make a possible confluence of averages. In the Asian day there has been some correction with volume which could mark, together with the RSI currently at 43.10%, a recovery of the price. It is likely that in the news hours these prices will soar throughout the day, especially at the beginning of the American session that will put on the table the US data, which after the consequences of the tariff pressure are generating undesirable effects towards the United States, with its consequent weakening. If the U.S. data shows strength, the next area of movement for the dollar would be its second support indicated at 1.07649. In this environment, investors will continue to watch bond market signals and central bankers' speeches for clues on future monetary policy decisions that could impact the EURUSD price. EURUSD remains in a key zone, with support at 1.08, awaiting inflation and PMI data. If European data disappoints and the US shows strength, the dollar could gain ground. The US session will set the direction of the pair. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
A short here would be considered a "mean-reversion" trade, betting on exhaustion of the bullish momentum and profit-taking by traders. Extended targets could potentially reach lower support levels around the moving averages at $2,918, $2,782, and even the deeper level at $2,685, depending on the strength of any pullback.