https://www.tradingview.com/x/SYEv4vSB/ Hello,Traders! CRUDE OIL is trading in a String uptrend but it is Locally overbought as After Oil hit the horizontal Resistance level of 80.64$ We will be expecting a Local bearish correction Sell! Comment and subscribe to help us grow! Check out other forecasts below too!
Hello, OANDA:XAUUSD is expected to face initial downside pressure, with the first key level to test being the 1-month pivot point (PP) at 2644.402. If the price establishes itself below this level, it may then target the 3-month low at 2536.855, followed by the 6-month low at 2353.13. Each confirmed breach of these levels could signal further downside potential. Key Developments Recap: Strong U.S. jobs data (NFP: 256K vs. 200K forecast) highlighted economic resilience and reduced expectations for Fed rate cuts. Mixed signals from Trump on trade policy have added to market uncertainty. Fed officials have broadly indicated a preference for gradual rate adjustments, maintaining a cautious stance on cuts. The U.S. monetary policy remains robust, with solid job data reducing the likelihood of rate cuts. The current drivers include labor market strength, a hawkish Fed outlook, and rising yields. Upcoming Key Releases: U.S. CPI (Wednesday): A critical indicator for the Fed’s rate path, with consensus expecting 2.4% y/y. A stronger-than-expected CPI reading could reinforce gradual USD strength. In the long term, there is potential for the price to test the 1-year pivot point (PP), depending on how these factors evolve. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
Bitcoin has been in a downward falling wedge on the 4-hr since Jan 6th when it went back to $102,735. Besides a push back up today after falling below $90k, BTC has been showing more and more weakness as we approach inauguration day this Friday. Beyond the falling wedge; a head and shoulders pattern has formed at the 1hr/4hr/daily timeframes. The price targets on the downside are $80,800 and $74,125. After that, a drop to $69,000 is not out of the question before we can try heading back up. I think this will see NASDAQ:MSTR drop to $150 or below (possibly even closer to $100-120. I am buying NASDAQ:SMST shares in large quantities every time BTC pumps. Anything $5.50 and below is an easy buy in my opinion. When MSTR drops by $200-225, NASDAQ:SMST will approach the $18-20 range!
Price revisited the liquidity from leveraged retail traders as a propulsion zone to 102k again. Needs to break the confirmation zone first.
Will the 200-week simple moving average waiting around 41K meet us or will we continue to rise with a reaction from the fib levels? My personal opinion is that the bull never started. We just made a new high. Now it's time for a new low.
Very Nice Break and Retest of a Rising Channel which is a bearish reversal pattern. Clean rejection off of a resistance pivot point. moving averages are also nicely fanned out! This will fall at least 100-200 pips This week. Rock with Me!
https://www.tradingview.com/x/u85BkJLF/ ✅CAD_CHF is going up now But a strong resistance level is ahead at 0.6408 Thus I am expecting a pullback And a move down towards the target of 0.6360 SHORT? ✅Like and subscribe to never miss a new idea!✅
Analysis of the AUD/USD Chart This chart highlights price action over a shorter timeframe (15-minute candles), showcasing a clear structure indicative of **accumulation**, **breakout**, and transition into a **markup phase**. Here's the detailed breakdown: --- **Market Cycle Stage**: **Early Markup Phase** - The price has broken out of a prolonged **accumulation range** (yellow box), confirmed by the surge in volume and bullish price action, marking the beginning of the markup. --- **Key Observations** #### 1. **Accumulation Zone** - The range-bound movement between **0.6130** and **0.6158** indicates a classic Wyckoff accumulation structure: - The **spring** (false break below support near **0.6130**) confirmed demand as buyers entered strongly. - Subsequent consolidation above **0.6158** created a base for the breakout. 2. **Breakout and Markup** - A significant breakout occurred above **0.6165**, aligned with rising volume, signaling strong institutional buying activity. - The price is now testing the **1.618 Fibonacci extension level (0.6187)** with momentum suggesting a continuation towards the next targets: - **2.618 (0.6205)** and potentially **4.236 (0.6247)**. 3. **Volume Analysis** - Volume increased significantly during the breakout, validating the upward momentum. - Current volume is tapering slightly but remains steady, showing sustained interest in the rally. 4. **Fibonacci Levels** - The price retraced to the **0.618 Fibonacci level (0.6173)** before resuming its upward move. This aligns with the expected bullish trend structure. 5. **Latest 5 Candles and Wick Behavior** - The last 5 candles are predominantly bullish, with minor wicks to the downside, reflecting strong buying pressure. - Minimal upper wicks indicate that sellers have not regained control, confirming the dominance of buyers. 6. **Support and Resistance Levels** - **Support**: - Immediate: **0.6173** (Fibonacci retracement level). - Stronger: **0.6158** (previous breakout point and resistance turned support). - **Resistance**: - Immediate: **0.6187** (current test level). - Key targets: **0.6205 (2.618)** and **0.6247 (4.236)**. --- **Conclusion** The AUD/USD pair is in the **early stages of a markup phase**, with price action and volume confirming strong bullish sentiment. If momentum holds, expect the price to target **0.6205** and possibly higher levels like **0.6247**. A pullback to **0.6173** or even **0.6158** would provide opportunities for re-entry before further continuation.
As Global Tensions Rise we see an asurge of one of the classical safe havens, along with diminishing bullish pressure of the USD, we anticipate a decline int this pair to as low as 0.840 and we might even see a historic down to 0.810!! in late spring Important levels 0.920/0.890/0.8720/0.840
Because the price opened a bit above the expected support , the price have to go above to grab liquidity