Dear traders, are you still wondering how to trade BTCUSD? Short or buy? Then take a look at Jack's ideas. BTCUSD: Combined with the current trend, the bottom is initially formed, so in terms of operation ideas, my suggestion is to buy BTCUSD at a low level. Currently, below 82,000 is a good buying point. The top pressure of 8,600 above still exists. On weekends, this is a dense trading area. As the top of a short-term decline, when the market rises, this will be converted into a pressure position. Combined with the current trend, there is still a lot of room above, so buying is a reasonable choice. Keep an eye on the real-time trading opportunities announced in the analysis circle every day. If you want to follow.
NZDJPY is currently trading at 84.8, forming a descending channel pattern, a classic technical setup that often signals a bullish reversal upon breakout. If the pair successfully breaks above the upper trendline, we can anticipate strong upward momentum, with a potential target of 88.8, offering a gain of over 300 pips. Traders should closely monitor key resistance levels, as a breakout confirmation could trigger a significant price surge. From a technical standpoint, the descending channel pattern indicates a series of lower highs and lower lows, reflecting a temporary downtrend. However, once price action breaks above this structure, a sharp bullish rally is often observed. The breakout zone to watch is around 85.5-86.0, with initial resistance at 86.5 before the final target of 88.8. Support remains strong around 83.5, where buyers are expected to step in if any pullback occurs before the breakout. On the fundamental side, NZDJPY is heavily influenced by risk sentiment, global economic trends, and monetary policy differences between the Reserve Bank of New Zealand (RBNZ) and the Bank of Japan (BOJ). The yen remains weak due to BOJ’s ultra-loose monetary policy, while NZD could strengthen on improving commodity demand and a stable interest rate outlook. If risk appetite increases, NZDJPY could see further bullish momentum, accelerating the breakout. With technicals aligning for a breakout and fundamentals supporting further gains, NZDJPY presents a strong trading opportunity. A confirmed breakout above the descending channel could fuel rapid upside movement, making this a high-probability setup for traders looking to capitalize on the next bullish wave.
GOLD Technical Analysis Gold remains in a consolidation phase, stabilizing around the pivot zone (2918 - 2905). The price is currently sensitive due to the upcoming CPI release. ? Bearish Scenario: Stability below 2922 keeps the bearish outlook intact. If the price fails to break above the pivot zone, a drop toward 2895 is expected, with further downside potential to 2859. ? Bullish Scenario: If a 1H or 4H candle closes above 2922, a bullish breakout may occur, targeting 2934. A break above 2934 could extend gains to 2954. ? CPI Impact: CPI < 2.9% → Bullish ? CPI > 2.9% → Bearish ? CPI = 2.9% → Bullish Bias ? (Since it's lower than the previous 3.0%) Key Levels: Resistance: 2934 | 2954 | 2975 Pivot Zone: 2918 Support: 2905 | 2895 | 2880
The drawn support level looks quite good. The price tried a couple of times to break it but could not and is getting bounced instead. Buy stop order can be placed at 168.688 level or you can also wait for the price to move upwards and then wait for the retracement in this way it will be a confluence of the bullish trend. I am aiming at 1:2 RR; let’s see where it goes
DXY Price Analysis: Time For Correction? DXY corrected nearly 65% of the bullish wave in a short time. Currently DXY is testing a price zone that was seen for the last time at the beginning of November 2024, almost 3.5 month ago. The odds are that DXY has to create any correction before it moves down more. Also this wave is overextended too much and from a technical point of view DXY should not devaluate more. However this month was very strange across all the currency pairs so everything is possible. Given that the market will not be so clear overall and will not give up from the USD so easily I think that DXY has room for correction before resuming another bearish wave. A possible correction near to 105 is possible this time. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
1️⃣ End of March – early April 2️⃣ First half of May 3️⃣ Mid-June 4️⃣ Late September 5️⃣ Mid-to-late November Volatility cycles repeat—be ready for these key periods. ?? 1️⃣ Market isn’t random—it moves in phases. These key dates align with seasonal liquidity shifts. Volatility will peak—opportunities & traps ahead. 2️⃣ Swing trading > trend chasing. 2025 favors well-timed entries/exits. Market is shaking out weak hands before big moves. 3️⃣ March 14-16 crucial for near-term sentiment. Expect fakeouts & short-term volatility. March-April phase could set up bigger trend plays. Preparation beats reaction—mark these dates.
Several desks forecast that the Bank of Canada (BoC) will reduce the overnight rate by another 25 basis points (bps) to 2.75% (from 3.00%) today at 1:45 pm GMT. Since June (2024), the central bank has lowered rates by 200 bps over six consecutive meetings, bringing the overnight rate closer to the mid-point of the BoC’s neutral range of 3.25% - 2.25%. The swaps market is pricing in a 94% chance that the BoC will opt for another 25 bp cut today. Eleven out of twelve economists polled by the Wall Street Journal also forecast a 25 bp reduction, in line with current market pricing. Additionally, some desks are airing the possibility of a 50 bp decrease. However, I doubt this will be the case; cutting the overnight rate to such an extent at this juncture might indicate serious concerns in the Canadian economy, and I do not think the BoC will want to alarm the markets. BoC Rate Cut; US Tariffs on the Front Line Let’s be frank, the BoC has a challenging task ahead. At a time when the Canadian economy shows signs of persistent inflation – the central bank’s preferred measures of inflation have been hovering around the upper boundary of its 1%-3% inflation target band – and reasonably robust GDP growth (Gross Domestic Product), running at an annualised rate of 2.6% in Q4 24, the central bank will likely cut rates again today. You may also recall that before Friday’s jobs numbers, rate pricing was roughly 50/50 for most of February (and early March) regarding whether the BoC would hold or cut. As mentioned above, money markets are now nearly fully pricing in another 25 bp cut. According to Statistics Canada, job growth was minimal in February, adding a mere 1,100 jobs; this was significantly lower than economists’ forecasts and followed three consecutive months of strong hiring. Despite this, the unemployment rate remained unchanged at 6.6%, defying analysts’ estimates of a 6.7% increase. Unquestionably, the BoC’s primary focus is on US tariffs, with some economists cautioning that a recession could be around the corner in the event of a prolonged trade war. The most recent technical recession in Canada, brought about by the COVID-19 pandemic, was seen in 2020. BoC Governor Tiff Macklem stated that prolonged and widespread US tariffs could significantly hinder the Canadian economy’s recovery. This week's latest developments saw US President Donald Trump dial back on his 50% tariff threats on Canadian aluminium and steel, retreating to his originally planned 25% tariffs; Trump also recently downplayed the possibility of a US recession. What Does this Mean for the Canadian Dollar? Versus the US dollar (USD), the Canadian dollar (CAD) remains on the ropes, with the USD/CAD currency pair refreshing multi-decade highs of C$1.4793 in February. Technically, following a test of monthly resistance-turned-support at C$1.4193 last month, buyers and sellers are now contained between said support and overhead monthly resistance at C$1.4533. Overall, though, the long-term trend still favours buyers, so a breakout higher would not come as a surprise, potentially paving the way for a run to another layer of monthly resistance at C$1.4925. Meanwhile, on the daily chart, the pair rebounded from support at C$1.4262, with scope to run to resistance from C$1.4595. Consequently, while the trend leans in favour of buyers now, monthly and daily resistance between C$1.4533 and C$1.4595 could be problematic. This area will likely need to be absorbed before further upside is seen towards C$1.4793, closely shadowed by monthly resistance at C$1.4925. Should the BoC cut the overnight rate by 25 bps, maintain cautious forward guidance, and not pre-commit to additional policy easing, I see limited volatility drawn from this risk event. However, if the central bank held the rate at 3.00% and underscored a strong economy, this could send the CAD higher (USD/CAD lower). If the BoC opts for a bulkier 50 bps cut and signals further easing, this would likely open the door to a shorting opportunity in the CAD (USD/CAD higher). Written by FP Markets Market Analyst Aaron Hill
When zooming out and looking at the Bitcoin chart, despite how crazy the market has been in recent weeks it comes down to a simple market structure with three separate clearly definable ranges: RED RANGE (Accumulation) - From FEB '24 until the US election BTC chopped in primarily the top half of a range with five separate midpoint retests with progressively shallower rallies that eventually broke out with a catalyst from the political world. BLUE RANGE (Expansion) - After a 10 month accumulation range the next phase in the bull cycle was expansion, a rally above ATH and into price discovery. An extremely thin inefficiency rally. Now price currently is at the midpoint of this range and despite the geo-political waterfall of bad news BTC has held up better than I had expected given that usually a rally that goes straight up has no support levels on the way back down. The chart does suggest a retest at $73,700 at some point before deciding which direction to go in after that. GREEN ZONE (Distribution) - For the last 3 months Bitcoins price has been extremely volatile, bouncing between $91-108K, the range containing price perfectly with weekly retests of the range bottom and a swing fail of the range high. That SFP set off the beginning of BTCs sell-off eventually breaking through the bottom and back into the blue range. With Bitcoin at the midpoint of the middle range it's a perfect time to have a data release in CPI, A volatile news event that can be a catalyst for a larger market move and with Tradfi selling off, this CPI is the most important of the Trump administrations term so far: CPI DAY PREVIOUS: 3.0% FORECAST: 2.9% ACTUAL: ?? Bullish - sub 2.8% print. At least the market sell-off is having a positive effect on inflation and isn't painful for no reason. BTC reclaims blue midpoint with a view to retest blue high. Bearish - 2.9% or higher. Market sell-off hasn't has an immediate effect on inflation so the sell-off is bad in all aspects, except for the Trump admin moving closer to their wish of a weaker dollar and lower interest rates. FWB:73K blue range bottom retest on the cards.
Is finally that time to re-enter a swing to the upside? Looks like the market is finally getting some relief. Question is can we fill this gap?
NASDAQ:NDX IG:NASDAQ Midterm forecast: 20796.85 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: A peak is formed in daily chart at 22254.20 on 02/18/2025, so more losses to support(s) 19337.48, 18815.60, 18313.47 and more depths is expected. Trading suggestion: There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (20554.38 to 20796.85). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (20554.38) Ending of entry zone (20796.85) Take Profits: 19901.88 19337.48 18815.60 18313.47 17841.19 16988.69 16247.08 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button ? . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) ? Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team