If price break 3026 and restest this area, it is a good posibility to take a sell with TP in the TP Area and SL above 3031.
CRYPTOCAP:PEPE is bouncing from key support! The price is holding inside an ascending channel, and history shows strong moves from this level. If the trend holds, we could see another leg up soon! Drop your thoughts below.
Gold hovered near $3,030 on Friday, close to record highs and heading for a third straight weekly gain. The rally is driven by dovish Fed signals and strong safe-haven demand. The Fed reaffirmed plans for two rate cuts in 2025 amid rising economic uncertainty, while Powell downplayed Trump’s proposed tariffs as temporarily inflationary but saw no urgency to cut rates. Geopolitical tensions also supported gold, with Israel escalating operations in Gaza, Hamas striking Tel Aviv and the U.S. continuing airstrikes in Yemen. Markets are also watching the April 2 deadline for Trump’s reciprocal tariffs, fueling trade concerns. Gold is up over 15% year-to-date. Key resistance stands at $3082, with further levels at $3100 and $3,150. Support is at $3000, followed by $2,980 and $2,916.
Why is the EUR/NZD pair in the spotlight as the week comes to an end? At the beginning of this year, the euro rose by more than 6%, reaching its highest levels since November 2024. Meanwhile, the New Zealand dollar was experiencing a decline at the end of last year, touching its lowest levels since October 2022. But what has changed this week? From the beginning of February until today's trading session on March 25, 2025, the New Zealand dollar has risen by approximately 4.37%, breaking through the 0.57729 level. This level represents the last significant lower high recorded in the market, and surpassing it indicates a shift in trend from bearish to bullish. From a technical perspective, this is considered a positive signal for the New Zealand dollar in the short to medium term. On the other hand, after reaching its highest levels since October 2022, the euro has shown some declines and weakening bullish momentum this week. If the U.S. dollar index experiences a corrective rise, further weakness in the euro is expected. In this scenario, we have a positive outlook for the New Zealand dollar and a negative outlook for the euro, increasing the likelihood of a decline in the EUR/NZD pair, especially since it is currently trading at its highest levels since March 2020! The recent rise in EUR/NZD gave a bearish signal during this week's trading after breaking below the 1.87675 level (which represents the last significant high low recorded) and forming a lower low. The recent rise to the 1.90668 level appears to be a corrective move before continuing the downward trend toward the 1.88120 level. However, the bearish scenario would be invalidated if the price rises above 1.91663 and closes daily above this level.
The pound dipped below $1.30, retreating from a four-month high after the BoE held rates at 4.5% and signaled a cautious approach to easing policy, despite recent inflation progress. Global trade tensions added pressure, with new U.S. tariffs prompting retaliatory moves and raising inflation risks. UK data showed weak growth, steady 4.4% unemployment, and wage growth easing to 5.8%, in line with forecasts. In the U.S., the Fed kept rates steady but reaffirmed plans for two cuts this year. 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.
Analysis of gold news: At the end of the Asian market on Friday (March 21), spot gold fluctuated and fell from a high level. Gold prices fell after hitting a record high earlier on Thursday, but driven by the Federal Reserve's hint of a possible rate cut and continued geopolitical and economic uncertainties, gold still maintains a bullish outlook. Spot gold hit a record high of $3,057.21 earlier in the day on Thursday, but later gave up gains due to profit-taking and closed at $3,044.35/ounce. No important economic data was released in the United States this trading day, but the Federal Reserve's "number three figure", permanent voting member, and New York Fed President Williams will deliver a speech, which investors need to pay close attention to. In addition, investors need to pay attention to news related to the situation in Russia, Ukraine and the Middle East. Analysis of gold technical aspects: Gold hit a high of 3,057 yesterday and was blocked and fell back. The daily line closed with a negative cross star, and a short-term correction is needed. The daily resistance is around 3,050, and it can be shorted if it is not broken. At present, gold is still struggling in the range, but the hourly chart has an obvious head and shoulders trend, with the head at 3057, the shoulder at 3045, and the neckline at 3022. Once the hourly chart stands below 3022, the market will be expected to fall further to the 3000 mark. Only by breaking the 3000 mark can it fall better! The gold four-hour line has a large negative line entity, with three negative lines at the top. This is also a bearish engulfing pattern. At least the large negative line entity directly covers the positive line entity, and the top pattern appears. The K-line rebound is weak, and high-level shorts are inevitable. In the early trading, the 3047 line fell back. If the market falls below 3035, continue to look at 3025-3020. Today's operation is mainly shorting at high positions. If a new high is unexpectedly reached, it will temporarily see a false break and fall. In addition to the 3025 low point, the lower support is 3020. Strong support is around 3005, and you can still go long if it is touched. Taken together, in terms of today's short-term gold operation ideas, our professional gold analyst team recommends mainly shorting on rebounds, supplemented by longs on callbacks. The top short-term focus is on the 3047-3050 first-line resistance, and the bottom short-term focus is on the 3018-3015 first-line support.
The euro fell below $1.085, retreating from its March 18 high of $1.0954, after ECB President Christine Lagarde warned of slower growth risks. Speaking to European lawmakers, she said a proposed 25% U.S. tariff on EU goods could cut eurozone growth by 0.3 percentage points in the first year, or 0.5 points if the EU retaliates. Lagarde added that the main impact would be front-loaded, with limited inflation pressures, suggesting the ECB is unlikely to raise rates in response. Key resistance is at 1.0860, followed by 1.0950 and 1.1000. Support stands at 1.0800, with further levels at 1.0730 and 1.0670.
Welcome back! Today i'm posting a small idea on the DXY. Usually i cover crypto but the macro is important. A weak dollar correlates with more risk being taken and a strong dollar with less risk being taken. Hence my analysis of the DXY. In the above chart a couple of things can be seen which makes the outlook hard to predict. On one side there is a bullflag on the monthly timeframe with a target of 130! On the other side, looking under we can see a bearish MACD cross and a bearish stoch RSI. On average it takes half a year to a year for a cross like this to recover. This causes me to be bearish on the dollar and bullish on risk-on assets. Thanks for reading
LS(London session) bos, following from yesterday NYS bos, will push intraday price further down but LS high can be taken first so know your risk.
The yen fell to around 149 per dollar on Friday, ending a two-day rally, after Japan’s core inflation eased to 3% in February from 3.2% in January, still above expectations of 2.9%. This marked the second month of stronger inflation, reinforcing the case for future rate hikes. Earlier, the BoJ held rates at 0.5% and maintained a cautious stance, citing global uncertainties, particularly rising U.S. tariffs. The bank also reiterated its focus on monitoring currency moves. A stronger U.S. dollar further pressured the yen amid global growth and trade concerns. Key resistance is at 150.30, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.