Hi traders, At the start of last week the price action of SPX500USD went up as predicted in my outlook but it could not reach the higher 4H FVG and dropped to the target. The bigger (red) WXY correction could be finished. So next week we could see a (corrective) upmove to the higher 4H FVG. Let's see what the market does and react. Trade idea: Wait for a small correction down to finish and after that a change in orderflow to bullish on a lower timeframe to trade longs. If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide signals. Don't be emotional, just trade! Eduwave
The CAD/CHF pair is currently trading at a critical support level, showcasing multiple bullish technical signals that suggest a potential reversal. A falling wedge pattern has formed, which is typically a bullish reversal pattern, indicating that the selling pressure may be losing steam. Additionally, a bullish divergence on momentum indicators points to weakening downward momentum, while an inverted hammer candlestick further strengthens the case for a trend reversal. Adding to the bullish narrative, data from MyFxBook reveals an overwhelming market bias: 95% of traders are long, while only 5% are short. This extreme sentiment, combined with the technical setup, could signal a strong upward move. Always remember to manage risk and confirm signals with additional analysis.
Draw the trendline from all lows/bottoms since 2022 and you'll notice Nasdaq is now sitting right at the support trendline with a daily hammer candle sitting right on it. XLF filled the gap so another hint that this may be the bottom. Hold long swings and re-evaluate at every weekly closed candle.
Gold Market Analysis & Outlook Weekly Overview with Technical & Fundamental Insights Fundamental Overview Stagflation Concerns: Slowing global economic growth combined with high inflation is keeping investors cautious. Federal Reserve Stance: Markets anticipate potential rate cuts later this year, which could boost gold prices. Geopolitical Uncertainty: Tensions in major economies and election cycles add to gold’s safe-haven appeal. US Dollar & Inflation: A weakening USD and persistent inflation continue to support gold’s long-term bullish trend. Weekly Time Frame Bullish Trend Intact weekly time frame shows a clear bullish trend with no bearish momentum. with found support on this trend line. https://www.tradingview.com/x/7F6m49B5/ https://www.tradingview.com/x/xWoFXjs9/ Daily Time Frame – Sideways Consolidation Range Bound Market: Gold has been consolidating, awaiting a breakout. Liquidity Grab: Price took liquidity at 2930 after news releases before returning inside the range. https://www.tradingview.com/x/Riwogn6A/ https://www.tradingview.com/x/HKvgCuFT/ moving down to the 4 hr time we can see the consolidation a lot clearer. i expect a breakdown from this consolidation before a bullish continuation. Key Level to Watch: 2880 aligns with trendline support and the 0.618 Fibonacci retracement, making it a high-probability long entry. Resistance Structure: The top of the range is reinforced by a downtrend line and strong resistance, increasing the likelihood of rejection. https://www.tradingview.com/x/bKaro8eu/ https://www.tradingview.com/x/BrniBK3N/ Stagflation & Its Impact on Gold What is Stagflation? A combination of high inflation, slow economic growth, and rising unemployment. Historically, stagflation drives investors to safe-haven assets like gold. How It Affects Gold? ✔ Inflation Hedge: Gold preserves value when purchasing power declines. ✔ Economic Uncertainty: Market instability increases gold demand. ✔ Interest Rate Policy: If central banks cut rates to support growth, gold prices benefit. ? Historical Context: The 1970s stagflation crisis saw gold rally over 2,000%, proving its strength in uncertain times. Short-Term Expectation Watch for a breakdown from the range before considering long entries. Ideal Buy Zone: 2880, supported by trendline, Fibonacci 0.618, and previous structure. 2877 also offers a very strong level. Long-Term Expectation If 2880 area holds, expect a push back toward 2930 and potentially new highs. ? Key Takeaways ✅ Weekly trend remains bullish no signs of reversal. ✅ Consolidation suggests a breakout is imminent likely downward first, then bullish continuation. ✅ Fundamentals align with gold strength stagflation fears, economic slowdown, and central bank uncertainty war, Trump. ✅ 2880 to 2877 is a key zone to watch, confluence of support factors makes it an ideal long entry. ? Patience is key—wait for confirmations and let the setup develop!
Sentiment: Bullish INTRADAY, Price action consolidates in a tight trading range. Resistance: Key Resistance is at 8265, followed by 8309 and 8354 - 8400 levels. Support: Key support is at 8099 followed by 7983 and 7928. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Google just touched POC of 2024 based on Volume profile as well as a long term trend line. It is a screaming buy on its own. If POC level is broken then it would mean market is going in deeper correction. For now I think it is bullish unless macro economics confirms R
Sentiment: Bearish INTRADAY, Price action is consolidating in a tight trading range. Resistance: Key Resistance is at 2135, followed by 2175 and 2208. Support: Key support is at 2020 followed by 2000 and 1900. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Switzerland M2 Money Supply: In December 2024, Switzerland's M2 money supply was reported at $1.071 trillion, a decrease from $1.080 trillion in November 2024. This decline indicates a contraction in the money supply, potentially leading to lower inflation or deflationary trends. CEICDATA.COM European Union M3 Money Supply: The European Central Bank reported that the M3 money supply in the Euro Area grew by 2.5% year-over-year in December 2024, reaching €15.5 trillion. This moderate growth suggests controlled inflationary expectations. Ranking Based on Current Trends Switzerland: The contraction in M2 suggests a tightening monetary environment, potentially leading to stable or decreasing inflation. European Union: Moderate growth in M3 indicates a balanced approach, maintaining controlled inflation levels. If these trends persist, Switzerland may experience stable or reduced inflation, the European Union could maintain its current inflation levels next post OANDA:USDCHF like comment follow fuiyooooh
Hi traders, Last week EU went up just as I've said in my outlook. But I did not expect such an impulsive (almost vertical) move up (wave 3) so I've updated the wave count. Price smashed through the bearish Daily and Weekly FVG (making it a BPR) and now rejected from the bearish Daily FVG higher. So next week we could see a pullback into the Weekly/ Daily BPR and after that more upside. Let's see what the market does and react. Trade idea: Wait for the correction down to finish. You don't want to intratrade a wave 4. If you want to see more from my analysis, please make sure to follow me, give a boost or respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. Don't be emotional, just trade! Eduwave
I anticipate a bullish move on NASDAQ starting from March 10, 2025, based on the following reasons: 1. We have seen three weeks of expansion to the downside. Typically, after three bearish expansion candles, price tends to revert back inside the range. 2. On the daily timeframe, price has reached the 2 - 2.5 standard deviation projection, which is a significant area for potential reversal. 3. We have taken out daily sell-side liquidity, which aligns perfectly with the Equilibrium (50%) of the previous range, making it a strong support zone. 4. On the daily timeframe, the price swept the low of the previous candle and then closed back inside the range, which is a bullish sign. These confluences suggest a potential bullish move in the coming days. For more analysis, join our Telegram channel: