GBP/USD is trading steadily around $1.292 as markets await British finance minister Rachel Reeves’ spring budget update. Despite dollar strength from solid U.S. data and rising Treasury yields, the pound remains resilient, supported by cautious optimism over the UK’s fiscal outlook. Traders are watching the upcoming budget for clues on spending and economic forecasts, which could impact GBP/USD in the near term. If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases.
EUR/USD is trading at $1.08 as the U.S. dollar strengthens on solid U.S. services PMI data, which signaled economic resilience and pushed yields higher. Confidence in the dollar was further enabled by Trump’s remarks suggesting not all April 2 tariffs will be implemented, with possible exemptions for some countries. Meanwhile, the euro is under pressure as its recent rally fades and Eurozone economic signals weaken, keeping EUR/USD on a downward path driven by dollar strength. Key resistance is at 1.0860, followed by 1.0950 and 1.1000. Support stands at 1.0730, with further levels at 1.0660 and 1.0600.
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Hi there! Today, the GBPUSD currency pair continues to maintain a clear downward trend on the 1-hour timeframe, currently fluctuating around the 1.2900 level. Market caution remains the key factor contributing to this weakness, as investors show hesitation amid uncertainties surrounding US tariff policies, as well as unpredictable expectations from US-Russia negotiations regarding the peace agreement in Ukraine. Technically, GBPUSD is moving within a well-defined descending price channel on H1, indicating that sellers remain in control. Notably, the EMA 34 and EMA 89 lines are acting as strong dynamic resistance levels, consistently pushing prices back down during each recovery attempt. Personally, with such technical signals, I lean towards a trend-following selling strategy, targeting the channel bottom around the 1.2840-1.2850 zone. What about you? Are you inclined towards buying at the bottom, or do you prefer to stay aligned with the current downward trend? Please share your perspective!
EurNzd made a clear 5 waves down We see the current move only as corrective, looking to sell from current levels to the 61.8% fib level Invalidation level comes in at the red line
? US30 Market Outlook – 25/03/2025 ? ? Structure Overview US30 continues its bullish climb, now trading near a key resistance zone at 42,631. The recent rally from the 41,460 - 41,530 support zone has been strong, but momentum is slowing near this resistance. ? Key Observations: ✅ Bullish Momentum – Price riding above EMAs with clean higher highs/lows. ✅ Major Resistance – Sitting just under 42,631, with the next levels at 42,787 - 43,021. ✅ Support Zone – Strong demand seen around 41,460 - 41,530, which sparked the current rally. ? Trade Scenarios: ? Bullish Bias if price breaks & holds above 42,631, targeting 42,787 - 43,021. ? Bearish Pullback possible if rejection at current level, with potential drop to 42,100 - 41,800. ? Outlook Summary: US30 remains bullish, but extended. Watch for either a clean breakout above resistance or a pullback to key support. Volume and structure will confirm the next move.
Gold technical analysis Daily chart resistance 3057, support below 2999 Four-hour chart resistance 3038, support below 2999 One-hour chart resistance 3025, support below 2999 Gold news analysis: On Monday, boosted by the news that the next round of US tariffs will be more moderate, the gold price was trading around 3,030 in the US market, but as economic data hinted at the hidden risks of tariffs, the gold price fluctuated sharply, falling more than $15 in the short term. The latest data released on Monday showed that the initial value of the US S&P Global Manufacturing PMI in March was 49.8, a three-month low. The initial value of the US S&P Global Services PMI in March was 54.3, a three-month high. The initial value of the US S&P Global Composite PMI in March was 53.5, a three-month high. Although the market remains vigilant about the geopolitical reshaping that Trump may cause and the impact of tariffs, investors continue to pour into the gold market for risk aversion. Since 2025, the price of gold has risen by about 15% and fell below the $3,000 mark for the first time. According to informed officials, the Trump administration's tariff plan may be more targeted rather than the comprehensive, global taxation previously envisioned. This adjustment is expected to ease inflationary pressure and increase the room for future interest rate cuts, which is good news for gold. Gold operation suggestions: Gold rebounded slightly in the Asian and European sessions yesterday and fell under pressure at the 3033 mark. The US session accelerated downward to break through the 3020 mark and reached near the 3002 mark. The daily chart closed with an adjustment decline for three consecutive trading days. From the current trend analysis, today's upper short-term resistance focuses on the one-hour level 3025 and the four-hour level 3038, and the lower short-term support focuses on the vicinity of 2999. Overall, rely on this range to sell high and buy low, and wait patiently for key points to enter the market. Sell: 3038near SL: 3042 Sell: 3025near SL: 3030 Sell: 2999near SL: 2994 Use small size transactions to avoid risks
Bitcoin (BTCUSD) is coming, slowly but surely, out of a consolidation following the test and hold of its 1W MA50 and one of the reasons it is about to rally strongly may be flying under the radar for the majority. That reason has to do with Gold (XAUUSD) and its long-term Cycles. As you can see on this 1W chart, every time Gold peaked in the past 10 years, BTC started the parabolic rally of its Bull Cycle. Equally during Gold's past 2 Cycles, when it revisited that peak and tested that Resistance, it made a Double Top and declined again, which for Bitcoin was translated into a Bear Cycle confirmation. With the help of the Sine Waves, we can be expecting that Gold Double Top in early April 2026, which means that by that time BTC will already be in its new Bear Cycle. As a result, it is suggested be already out of the market with our profits by the end of 2025. So based on all that, if Gold makes its Cycle Top now, which is highly likely, Bitcoin will start a parabolic rally. Now, will it be the strongest of its Bull Cycle as the past Cycles suggested? Could be, but even if its not, it should be enough to replicate the late 2024 one and give one final opportunity for profit making. But what do you think? Is Gold's potential peak here give a very favorable rally to Bitcoin? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?
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The price perfectly fulfilled my last idea . It hit the TP level. The overall FX:GBPJPY price action is forming an ABC move, with the C point completing around the 196.000 level. Recently, the price broke and closed above both the downward trendline and the support level at 194.000. Currently, it is testing last week's high, which coincides with the psychological level of 195.000. On the daily timeframe, a big bullish candle has formed, indicating bullish dominance. I believe the price may create a range zone at this level before continuing higher and potentially breaking out of the PWH. My goal is resistance zone at 195.750 Traders, If you liked this educational post?, give it a boost ? and drop a comment ?