The USDCAD currency pair remains in a bullish technical structure, driven by the prevailing uptrend. Recent intraday price action shows a bounce from the rising trendline support zone, reinforcing positive sentiment. Key Levels: Support: The critical support level is at 1.4273, representing the previous consolidation price range. A corrective pullback to this level followed by a bullish bounce would signal a continuation of the upward movement. Resistance: On the upside, the next resistance levels to watch are at 1.4413, 1.4476, and 1.4521, marking potential targets over the longer timeframe. Bearish Scenario: A decisive break below the 1.4273 support level, with a daily close beneath it, would invalidate the bullish outlook. This could trigger a deeper retracement, targeting the 1.4247 support level, followed by 1.4140 if selling pressure increases. Conclusion: The bullish sentiment remains intact as long as the 1.4273 support holds. Traders should look for potential buying opportunities on corrective pullbacks to this level. However, a confirmed breakdown below 1.4273 would signal caution, as it may open the door for further downside movement. 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.
Market Recap: On Wednesday, Nifty opened gap-up, dipped to a low of 22,807.95, and then rallied to a high of 22,940.70, entering the 75m Supply Zone (22,915.30 - 23,049.95). It closed at 22,907.60, gaining 73 points over the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) has turned sideways from negative. Demand/Support Zones Near Demand/Support Zone (30m): 22,770.35 - 22,798.30 Near Demand/Support Zone (15m): 22,697.75 - 22,736.30 Far Demand/Support Zone (Daily): 21,964.60 - 22,261.55 Far Support: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 22,915.30 - 23,049.95 (Tested) Far Supply/Resistance Zone (125m): 23,144.05 - 23,235.50 Far Supply/Resistance Zone (125m): 23,316.30 - 23,409.65 Far Supply/Resistance Zone (Weekly): 23,222 - 23,807.30 Outlook As expected, Nifty held the Daily Demand Zone and rallied past the 50% retracement level (22,885.95). The short-term trend remains bullish, and if the momentum sustains, Nifty could extend the rally towards 23,103 or even the Weekly Supply Zone at 23,222 in the coming days. ? However, caution is advised as Nifty has touched the 75m Supply Zone today, which may lead to some selling pressure.
Let´s see. If we break thrue red resistances I think there is a good chance we will test the previous ATH.
In the interest of full disclosure we have not even confirmed our minor A has in fact bottomed...but assuming we have struck a short term bottom, we are now embarking on a minor B wave retrace that I anticipate taking us into the start of summer. In any respect, I am viewing this as only a counter trend rally with a scary (c) of C of (A) to come into the low SPX 5,000 region eventually. There everything gets decided for the long-term. Be careful out there. Chris
Yesterday, BTC broke through 81,100 and retested the level before resuming its upward movement. Subsequently, BTC rebounded from the level of 84,500, climbed back to the resistance line, and then started to decline. Given this price trend, I expect BTC to bounce back again after the decline. Therefore, I still adhere to the trading strategy of going long on pullbacks, and the price movement indicates that I have already made a profit. BTC Trading strategy: buy@82600 TP1:83600 TP2:84500 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
We can expect one more push towards 73-70k region before moving towards 120k. Don't get FOMO seeing green candles now. STAY CAUTIOUS !!! THIS MAY BE A BULL TRAP
3/19/25 :: VROCKSTAR :: NASDAQ:BLBD a buy, but... - mega ROIC's - normalized FCF yields HSD and growing - don't think our busses for skools and prizons r coming from anyone else soon - i.e. nice niche/ moat - stock objectively a buy here - just don't want to clog up the PnL b/c i'm preferring names i think will double (more easily) a 12-18 mo context - but if this thing goes on sale toward the 30 mark, nevermind 2-handle... it's an obvious buy from my POV - but it's already there and "should work". V
Bei StoneCo scheint die Gegenbewegung zu starten. Wir sehen ein gutes Gap Up und einen hohen Volumenanstieg. Diese Bewegung kann gut gehandelt werden.
Binance Alpha 2.0 extends early-stage token trading services between Binance Exchange and Binance Wallet. Alpha 2.0 enhances pre-announcement transparency providing users with an integrated trading environment between central (CEX) and decentralized (DEX). The world’s largest cryptocurrency exchange Binance has introduced Binance Alpha 2.0 on March 19, 2025. The release of Binance Alpha on Binance Wallet […]
Temenos is opening an Innovation Hub in Central Florida. The banking technology leader announced the new center will be home to up to 200 technology and product developers focused on banking innovation and collaboration with US clients. The fintech provider will recruit approximately 200 technology and product developers at the new hub to fuel research and […]