Reactions are emerging following the U.S. announcement of a 25% import tax on foreign made cars. The tariffs target approximately $217 billion in annual vehicle imports. The largest contributors are Mexico (23%), Japan (18%), South Korea (17%), and Canada (13%). Mexico is seeking an exemption. Mexico’s Economy Minister Marcelo Ebrard said negotiations are ongoing to secure preferential treatment for Mexico’s auto industry. Japan has called the measures damaging to its economic relationship with the U.S. Prime Minister Shigeru Ishiba questioned the logic of applying uniform tariffs to all countries, especially given Japan’s recent announcements of significant investment in the U.S. economy. Canada plans to respond next week. Prime Minister Mark Carney stated that “nothing is off the table” in defending Canadian workers and businesses, signalling the end of the traditional U.S.–Canada economic relationship.
Hey traders! ? What do you think of this ABC setup? I’m expecting point C to form right at the support box. If we start seeing a bullish reversal from here, I’ll be opening a market order and trading it back up. What’s your plan for XRP and this setup? Let’s share some thoughts and see if we can catch this move together! ? Note: This is not financial advice. Always do your own research before making any trading decisions!
USD/JPY has continued to snag bears with several bear traps so far this year. While there was a series of lower-lows in the first part of March, as the USD was plummeting against most major currencies, USD/JPY has turned around over the past three weeks, and is now nearing a re-test of the 200-day moving average. The 150.77 Fibonacci level held the highs on Monday, Tuesday and Wednesday of this week, and that now becomes a spot of higher-low support potential for pullback scenarios. For next resistance, the 151.51 Fibonacci level is nearing confluence with the 200-day moving average, and the 151.95 level remains important. If bulls can stretch the move, that seems a logical area to look for a pause in the trend. - js
Good day Folks, Currently I am looking at the two weeks BTC chart with the EMA 120 as a guide, We have the RSI and Stoch RSI, also you can see we have bearish divergences on the RSI and Stoch RSI which means bulls is losing monument in the bigger timeframe, The next thing is in 2021 the double top peaks was exactly 300 days apart something identical to what's happening in this cycle. Also everyone is hype about Bitcoin and in Bitcoin whole history we never had a triple peak divergences on any cycles if BTC is to progress higher and stronger we need to invalidate the bearish divergences or we will crash much more harder. Fun Facts. 1. If the cycle top is in we wont go above the two weeks slow line on the RSI. 2. We will stay below 65 on the two weeks RSI.
https://www.tradingview.com/x/hNvKfVSC/ ✅GBP_JPY is trading in a Strong uptrend and the pair Made a bullish breakout Of the key horizontal level Of 195.000 and the breakout Is confirmed so we are bullish Biased and we will be expecting A further bullish move up LONG? ✅Like and subscribe to never miss a new idea!✅ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
According to the Elliott theory, 1$ is completing micro wave 3 from main vave 2, price will touch 0.006 and after that boom
? Welcome to TradeCity Pro! Let's dive into the analysis of Bitcoin and key crypto indices. In this analysis, as usual, I want to review the futures session triggers for the New York market. ⌛️ 1-Hour Timeframe In the 1-hour timeframe, as you can see, the price is still within a ranging box between 86,401 and 88,480. ? The price is making lower highs, and it seems that the bullish momentum has faded. However, valid triggers for both short and long positions can still be found. ✨ For a short position, you can enter if the price breaks below 86,401. In this case, the price could extend its corrective leg down to 84,734. ? For a long position, you can enter if the price breaks above 88,480. This is a very important trigger and could start the next bullish leg up to 91,588. ? BTC.D Analysis Let's move on to Bitcoin dominance. This dominance has formed a bit more structure, and its triggers are also close. ⚡️ If 61.63 breaks, we confirm a bearish trend, and if 61.81 breaks, we confirm a bullish trend. https://www.tradingview.com/x/GztgEMaz/ ? Total2 Analysis Let's analyze Total2. This index also has a ranging box between 1.06 and 1.08, which can provide good trading opportunities. ? If 1.08 breaks, we confirm a long position for altcoins. For a short position, a break of 1.06 is suitable. https://www.tradingview.com/x/WspLA69t/ ? USDT.D Analysis Now, let’s analyze USDT dominance. As you can see, we are witnessing a downtrend, and now a box has formed between 5.19 and 5.05. ? To confirm a bullish move in dominance, we need a break above 5.19. The bearish triggers for USDT dominance are 5.11 and 5.05. https://www.tradingview.com/x/WCfunXkc/ ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
USDCAD Rebound until the 1h orderblock upside. We have confirmation on daily timeframe. https://www.tradingview.com/x/rDjj2oHL/
Hey traders! ? We’re seeing a rising wedge pattern on ETH, which is generally considered a bearish setup. ? We’ve also had a solid touch at the Fib 0.382, which is acting as strong resistance right now. With that in mind, we’re opening a market order and targeting the daily FVG (Fair Value Gap) for the next move down. What’s even more interesting is that our eclipse indicator is showing bearish signals across all timeframes, adding even more weight to the trade. ? We’re going for it—how about you? Let’s see how this plays out! ? Note: This is not financial advice. Always do your own research before making any trading decisions!
We have had a nice pullback after the strong bullish move. I will be expecting to see price to fill the FVG which is drawn on the M2 timeframe that coincides with a breaker block for more confluence. Price is also at .705 on the Fibonacci showing a strong pullback.