The EUR/USD market recently completed an ABC pullback, briefly testing above Friday’s high, but price action remains contained within last week’s range, signaling a lack of clear trend direction. If the price rejects the current resistance zone, a move lower is likely, possibly forming another ABC structure toward the 1.06000 support level. With the zone below 1.07700 already cleared—despite a prior false breakout—a retest of that area is possible. Unless the price manages a close above 1.08500, the pair is expected to drift toward last week’s low, with the next target at the support zone around 1.07610
Aussie made a LH after several HH's .this indicating that the pair is starting heading south . key levels are depicted on the chart a price action pattern below the price is observed for target setting let's see the market reaction
Gold has remained bullish amid global tensions. We do not see that coming to an end soon, however, we expect the yellow metal to retrace a little to gather momentum for another big push. Gold is at an all time high and will continue to set all time high for the foreseeable future, unless something drastic happens.
Hey traders! GBP/USD is showing a beautiful impulsive structure, and it looks like we’re in the early stages of Wave 5. Based on the current Elliott Wave count, we have a clear setup with defined risk and a compelling reward. Setup Breakdown: Wave 1 and Wave 3 have completed. Price is now pushing out of a consolidation that likely marks Wave 4. The projected target for Wave 5, based on the 5 vs 1+3 Fibonacci extension, is sitting at 1.3292. Trade Idea: Entry: Current price (around 1.2907–1.2942 range). Stop Loss: Below the previous Wave 4 low (a safe invalidation level). Take Profit: 1.3292 (61.8% extension of Wave 1 + Wave 3). Why This Trade Makes Sense: Elliott Wave structure is clean and impulsive. Alternation is respected: Wave 2 and Wave 4 differ in form. Fib extension confluence adds extra conviction. Defined entry and stop make risk management straightforward. Risk Management Tip: Always risk only a small percentage of your account—structure the position size so your stop loss aligns with your risk tolerance. If price starts pushing impulsively, especially with higher volume, that could be the confirmation that Wave 5 is in motion. Stay sharp, manage your risk, and let the waves guide your trade!
Fundamental Analysis Gold price attracts safe-haven flows for the third straight day amid rising trade tensions. Fed rate cut bets weigh on the USD and also lend support to the non-yielding yellow metal. Overbought conditions on the daily chart now warrant some caution for bullish traders. Technical Analysis Gold continues to hit ATH levels and is very difficult to trade with a large amount of Fomo BUY. The important point to retest the BUY signal today is at 3100-3098. And 3145 is the target level for the ATH peak of Gold today. What do you think of the above analysis? Please leave your comments.
Hello Traders ! The CHFJPY failed to create a new higher high! The price formed a rising wedge pattern. Currently, The support line is broken ! So, I expect a bearish move? ________________ TARGET: 168.750?
OANDA:EURUSD market formed an ABC pullback and tested the area above Friday's high. The price action remains within the previous week's range, indicating a lack of overall trend in the market. However, if the price rejects the resistance zone, I believe it may drop further, potentially forming another ABC move toward the 1.06000 support level. Since the price has cleared zone below the 1.07700 level, it may retest this area, despite the previous false breakout. I anticipate that if the price does not close above the 1.08500 resistance zone, it will likely move toward the previous week's low. My goal is support zone around 1.07610 Traders, If you liked this educational post?, give it a boost ? and drop a comment ?
Spot gold opened higher and moved higher in the morning trading on Monday (March 31), breaking through $3,090/ounce and setting a new record high of $3,111.54/ounce. The market was mainly driven by geopolitical risks and market concerns about the global trade war, which attracted investors to safe-haven assets. The market expects the Federal Reserve to cut interest rates by 63 basis points this year, starting in July. Goldman Sachs raised the probability of a US recession from 20% to 35%. Goldman Sachs expects the Federal Reserve to cut interest rates in July, September and November. The market is currently preparing for Trump's plan for reciprocal tariffs on April 2. This week, the focus will be on the implementation of global trade tariffs on Wednesday and the non-farm payrolls report on Friday, which may strengthen gold's safe-haven appeal. Other important data include the ISM manufacturing PMI and JOLTS job openings on Tuesday, ADP employment on Wednesday, and the ISM non-manufacturing PMI and initial jobless claims on Thursday. Gold has four consecutive positive weekly lines, and the price has risen strongly based on 5MA. The K-line continues to diverge upward against the upper Bollinger track. Last week, the K-line closed with a real big positive line, and there will be further continuation this week. The upper track has moved up to around 3122, but today's monthly line is closed. After the high, we must also be careful of the risk of retracement. The daily K-line also broke the high after the consolidation last week. The current price has risen to 3111. The bulls are very strong, and there is further short-term growth. Pay attention to the resistance near the upper track 3117 in the short term, but it should be noted that MACD has signs of top divergence, so be careful of the market going up and falling back to wash the market. The 4-hour chart is also in a very strong trend. Intraday operations still adopt the idea of low-to-long, bullish but not chasing the rise, gold rose and broke the high in the morning, so the European session will continue, the intraday support is 3097-3086, the watershed is the early low of 3076, the European session falls back to around 3097-86 and continues to be long, focusing on the strength of the European session, the European session is strong, and the US session has a second rise, if the European session is weak, the US session will fluctuate. Gold strategy: It is recommended to buy at 3097-3095, stop loss at 3086, and target 3113-3122-3132
FX:USDJPY in the correction phase is retesting the previously broken boundary of the downtrend. The market is trying to break the trend on the background of the dollar correction The dollar is having a rather difficult life because of economic and geopolitical nuances regarding the USA, as well as high inflation. Against this background, the index may continue a deeper correction, as the rhetoric of interest rate cuts may be prolonged, which may put pressure on the markets. The currency pair tried to overcome the downtrend resistance earlier and succeeded, but this is not enough for a trend change, it needs confirmation. Support levels: 148.92, 148.21 Resistance levels: 150.16, 150.95 If the bulls hold the defense above 148.92 - 149.5, we have a good chance to catch a trend change. It will be the readiness to go to the resistance of 150.16 range, and the breakout of this level and price fixation above it will be the confirmation of the trend change Regards R. Linda!
Swiss Re is a great company, but I think it's at least short term overbought.