I have provided clear levels where market shows strong reaction. Use it wisely to make money on $banana
Gold is working on its second consecutive red week which would be the first such occurrence in 2025. Interestingly, gold had only posted two red weeks in the prior 16, until the $3500 level came into play. That high in gold syncs with a long-term spot of support in the US Dollar, and going into next week's FOMC meeting the two scenarios appear linked as a dovish Fed would likely be needed if we are to see another $3500 test, much less a break. For now, support is at the psychological level of $3200 and for next week, that becomes lower-high resistance potential for breakdown scenarios. - js
My general outlook on the DXY this week leans bearish, as I expect price to continue trending lower. I’ve identified a nearby 1H supply zone, where we could see price react and begin pushing lower. There is also a larger supply zone further above, but it’s currently out of reach unless price pulls back significantly. Looking back, the 2-day demand zone I marked over a week ago has played out well, with a strong bullish reaction from that level — price is still rising from that zone. During this move, a new 11H demand zone has formed, which also led to a change of character to the upside. If price revisits that zone, we may see another bullish continuation from there. Key Points: Overall bearish trend expected to continue in the short term. 1H supply zone nearby is a potential trigger point for a sell-off. 2D demand zone previously marked is still holding and influencing price. 11H demand zone has caused a bullish shift and could provide another long opportunity if price returns. P.S. This is my general DXY outlook for the week. I don’t trade the dollar directly, but I use it as a key confluence when analysing and executing trades across other major pairs.
Let's take a closer look and see how indecisive the AUDUSD is gonna be going back and forth and from my Analysis I'll be capitalizing from every move of the price ...
? BREAKOUT ALERT: LSE:ONDO Massive falling wedge breakout spotted on the daily chart! Price has flipped key resistance into support and is now eyeing a 140% upside toward $2.20 ? Watch closely — breakout retest in play. Next stop: Moon? ? DYRO, NFA
https://www.tradingview.com/x/hWSKynnA/ Hello,Traders! NZD-JPY is trading in an Uptrend and the pair made A bullish breakout of the Falling resistance and the Breakout is confirmed so We are bullish biased and We will be expecting a Further bullish continuation Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
It is the 4th week of bottom building and after the healthy new declining attempt we got a fine rise this week confirming the update mood.
AUD/USD Market Analysis Scenario Pair: AUD/USD Bias: Bearish Entry Consideration: Upon confirmation of rejection or reversal near the resistance zone. Key Levels Resistance: 0.64960 (critical supply zone) 1st Target: 0.64200 Final Target: 0.63800 Technical Scenario The AUD/USD pair is currently trading below a strong resistance at 0.64960, which has acted as a key reversal zone in the recent past. Price action near this level indicates a potential bearish reversal pattern, such as a bearish engulfing, double top, or rejection wicks on higher time frames (H4 or D1). If the pair fails to break above 0.64960, we can expect a downward movement toward the first support target at 0.64200, where minor demand might provide temporary consolidation. If bearish momentum continues, the pair could head further down to the final target at 0.63800, a previous swing low and stronger demand area.
If TSLA can put in a solid close above the 200sma and downtrend line I am bullish for the short-mid term at least up to the .38 fib at $320.
is it really this simple? I only ever use the weekly chart as I am not a day trader, but a long term investor. I DCA and take positions when others are jumping out of windows and saying it's all over. I don't use many indicators, I keep it simple. I look at X to see what others are saying to get a vibe of a project/company. The AI space is here to stay, and some of these projects will soar. Will they survive long-term? No idea. Can we make insane amounts of money short-term (6, 12, 18, 24 months), YES!