EURNZD has been dropping since it reached 1.8500 and is currently trading around 1.8300. This strong downward movement has brought the price closer to our expected target at 1.8235. With the price now hovering near 1.8300, the market shows continued bearish pressure, and it’s likely to continue its move lower toward the target.
QQQ still bullish amid all of the chaos of Trump's first few weeks. Friday saw a high that was just a touch shy of a new ATH. Next week will give us a good idea what the future is, if we pull back we may be seeing a double top if you are bearish or we could make a new ATH and power on higher with bulls in control. https://www.tradingview.com/x/a1jmCx9u/ https://www.tradingview.com/x/Z0posNhL/
Outside any political banter in either direction, I still see the weakness in this chart. No trend change, no decent data, weak alt season, pump.fun saturation Many variables here, If we get an alt season and the dash to trash is still on the table, I could see, a retest of the lows near $15, and then a 2x to 5x bag possible This is not financial advice, here for a good time, not a long time! GTLA Follow, like, share, comment
I expect it to rise above 1.48 in the first place, I see it as a buying opportunity between 0.6 - 0.8. If it manages to rise above $1.48, we may need to re-evaluate the chart. Above, 2.7 - 3.5 - 7.5 can be considered as profit-taking targets. However, the confidence in memecoins has decreased and whether we will see these levels again is unlikely. But as I said, it would be good to do research on the market in general after 1.48. I have allocated a very small portion of my portfolio to this coin. not investment advice
? GBP/CHF Short Setup ? Analysis: GBP/CHF is facing selling pressure after failing to sustain above a key resistance level. A bearish structure is developing, suggesting a potential short opportunity. ? Technical Factors: Bearish Confirmation: Lower highs & rejection from resistance Momentum: Weak bullish continuation, indicating seller dominance ? Confirmation Signals: Bearish candlestick patterns (e.g., engulfing, pin bar) Bearish divergence in RSI/MACD Break below key support level ? Risk Management: Stick to proper risk-reward ratios and manage your position size accordingly. ? What’s your outlook on GBP/CHF? Share your thoughts in the comments! ? ? Follow for more trade setups!
Last week, both CPI and PPI data came in below expectations, indicating signs of rising inflation. However, the market did not experience a sharp decline; instead, prices held above 21,432, demonstrating strong support. This market reaction suggests that seller were not willing to enter at this stage. The market maintained its uptrend, broke through previous highs, and reached the target level on Friday, surpassing the 21,968 and 22,100 resistance levels consecutively. As long as there are no technical signals indicating a market reversal, the overall outlook for next week remains bullish. The next price target is 22,465, and attention should be paid to the market's performance within the 22,300–22,465 range to further assess its direction. From a long-term perspective, I still believe that U.S. tech stocks are overvalued, and various risk factors could trigger a downturn. And the potential correction could be significant. My specific views can be referenced in my previous market commentary from February 3–7, 2025. Therefore, when taking long positions, it is crucial to remain vigilant about market sentiment shifts, as the market could reverse at any time. I will wait for technical confirmation on the 4-hour chart and enter short positions once reversal signals appear.
I think BTC trend after a bear trend will be upward to 125000 $.
The GBPJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 193.45, 50 Day Moving Average level. An oversold rally from the current levels and a bearish rejection from the 193.45 level could target the downside support at 193.45 followed by 189.60 and 188.38 levels over the longer timeframe. Alternatively, a confirmed breakout above 193.45 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 195.20 resistance followed by 197.30 levels. 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.
Parallel Channel: A clear upward-trending channel indicating long-term bullish movement. Consolidation Pattern: A triangular consolidation phase before a breakout. Strong Support Level: Marked around 2,861.843, serving as a key price level. Price Projections: Two significant measured moves showing price increases of 14.10% and 12.27%, with the latest target reaching approximately 3,037.055. Current Price Action: The price is around 2,882.482, experiencing a slight pullback (-1.57%). Key Elements of the Chart: 1. Overall Trend: Bullish Momentum The chart showcases an upward trend in gold prices over the past several months. A parallel ascending channel is drawn, marking higher highs and higher lows, indicating a sustained bullish trajectory. 2. Parallel Channel Formation A parallel channel (black trendlines) has been plotted, highlighting a structured uptrend. The price has consistently moved within this channel, bouncing off support and resistance levels. 3. Consolidation & Breakout Phase A green triangular pattern is visible in the middle section of the chart. This pattern represents a period of price consolidation, where gold traded in a tightening range before a breakout. After breaking out of this consolidation phase, the price resumed its uptrend, confirming a bullish breakout. 4. Support and Resistance Levels A strong support level is identified at 2,861.843, providing a key price floor. The price has recently retraced and is testing this support zone around 2,882.482. Resistance lies near the upper boundary of the parallel channel, with a target projection of 3,037.055. 5. Measured Price Moves (Projection Targets) The chart includes two price projections using vertical arrows: First measured move: A rally of 333.699 points (14.10%), suggesting a significant bullish leg. Second measured move: Another 331.092 points (12.27%), confirming continued bullish strength. The next target price level is around 3,037.055 USD, indicating further upside potential. 6. Current Market Conditions The current price is around 2,882.482, reflecting a -1.57% daily decline. The recent pullback suggests either a minor correction or a potential support test before the next leg upward. Technical Summary: Trend: Strong bullish uptrend within a well-defined parallel channel. Support Level: 2,861.843 (marked as a strong area of buying interest). Resistance Level: Around 3,037.055. Breakout Confirmation: After a consolidation phase, gold has resumed its uptrend. Market Outlook: The chart indicates the potential for further upside, but short-term corrections may occur. The price remains within the parallel channel, gold could continue its upward trajectory, with 3,037.055 USD as the next key resistance level. However, if the support level (2,861.843) fails, a deeper correction may follow.
The US dollar is in a correction of its uptrend (see EUR/USD, GBP/USD, AUD/USD etc) Do we really face a linear option of fade or no trade? Actually, it might be a false dichotomy . Going long EUR/USD and GBP/USD (i.e. selling USD) would mean fading the major trend (as per the weekly charts). But going short USD/CHF (i.e. also selling USD) would not be a counter trend trade because USD/CHF is in a trading range. Selling below resistance in a trading range is a high probability setup. We can see the topping process on the daily chart, with 0.90 as the broken neckline. Here the risk is well defined - if the price pops back over 0.90 - the breakdown trade is no longer on but while below 0.90, 0.88 is a natural target as the last major support area and the 30 week moving average. But - as always - that’s just how the team and I are seeing things, what do you think? Share your ideas with us - OR - send us a request! Drop a comment cheers! Jasper