Since March 3, an unprecedented bullish movement has emerged on the GBP/USD daily chart, with the pair accumulating a gain of over 3% during this period. The bullish pressure continues to be driven by uncertainty surrounding the trade war, which has gradually weakened the U.S. dollar, prompting investors to seek refuge in European currencies. Today, the market is showing a strong neutral candle, partly due to the expectation surrounding the Federal Reserve’s interest rate decision, which will be announced tomorrow, along with the Bank of England’s decision on Thursday. Until the outcomes of both central bank meetings are known, the neutral bias is likely to dominate short-term movements in GBP/USD. Bullish Channel Since mid-January, a consistent bullish pressure has developed in the pair, forming a short-term ascending channel. Currently, price movements are testing the upper boundary of this channel. If buying pressure remains strong, the bullish trend could accelerate in the coming sessions, leading to a steeper channel in the short term. RSI (Relative Strength Index) However, the RSI presents a different scenario. The upper boundary of the bullish channel coincides with the overbought zone, as the RSI oscillates near 70 . Additionally, higher highs in price and lower highs in the RSI indicate a persistent divergence. These two signals suggest that buying momentum may be slowing down, potentially leading to short-term bearish corrections. MACD (Moving Average Convergence Divergence) The MACD is showing a similar trend to the RSI. The signal line and MACD line are at levels not seen since August 2024, and a potential crossover could occur in the coming sessions. This indicates that the recent bullish momentum in moving averages is gradually fading, which could create room for selling corrections in the upcoming sessions. Key Levels to Watch: 1.29721 – Current Resistance: This significant resistance level sits at the upper boundary of the bullish channel and coincides with the 61.8% Fibonacci retracement level. Sustained breakouts above this level could accelerate buying pressure, leading to a stronger bullish move. 1.27700 – Near-Term Support: This support zone aligns with the 50% Fibonacci retracement level and could serve as a potential area for short-term bearish corrections. 1.26183 – Distant Support: This critical support aligns with the 50- and 100-period moving averages and the lower boundary of the larger bullish channel. A break below this level could jeopardize the current bullish formation, potentially triggering a stronger bearish move. By Julian Pineda, CFA – Market Analyst
Price is resisting daily resistance as the bears come into the market an we are likely to see a short term sell off.
Gold continued to rise today, with strong bullish power. After failing to turn short in the afternoon, it further broke through the high point, showing that the market is bullish. The 1-hour chart continues to set new highs, and there is still a possibility of a short-term surge, but it should be noted that overbought divergence signals have appeared at the daily and weekly levels, and the price has deviated far from the short-term moving average, and the risk of a correction has increased. Support area: 3005-3008 (US market decline and long area), 3015 (afternoon start position). Resistance area: 3040-3050 (special attention), 3050-3055 (short-term strong resistance). The Fed news on Thursday morning may have a greater impact on the market and needs to be closely watched. Before the Fed news is announced, gold may remain strong, but there may be large fluctuations after the news is announced. Operation suggestions: Long strategy: Long on pullback: If the gold price falls back to the 3005-3008 area, you can try to go long, with the target at 3030-3040, and the stop loss is set below 3000. Long on the starting point: If the gold price falls back to around 3015, you can also try to go long, with the target above 3030, and the stop loss is set below 3010. Short strategy: Short on rebound: If the gold price rebounds to the 3040-3050 area, you can try shorting, with the target at 3020-3015, and the stop loss is set above 3055.
The downtrend is losing strength, and we could be near the end of black C. RSI divergence has been present for the last month. A break of green resistance is a bullish signal. Gray resistance is a major hurdle for a continued upside.
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DOW JOUNES DOWN It seems you're curious about Dow Jones Index and its future trends. Based on recent forecasts, the Dow Jones Industrial Average (DJIA) is expected to fluctuate within certain ranges over the coming days. For example, predictions for March 19th suggest a range between 37,549 and 43,201, with an average value of 40,375. Keep in mind that market conditions can change rapidly, so these are just projections.
Bitcoin remains slightly bearish on its 1D technical outlook (RSI = 41.137, MACD = -3097.700, ADX = 33.471) as even though it appears its trading on a macro bottom, just over the 1W MA50 (1W RSI = 45.068), it hasn't broken out yet. The market undoubtedly took a psychological hit with February's drop but despite the voices calling for a new bear market, we are here to show you why this Cycle hasn't topped yet and is still far from doing so. This metric measures BTC's temporary stops/ tops during a Bull Cycle. It is a Halving-to-Halving method, starting on the most recent Halving and ending on the next one. Stop 1 is where the starting Halving takes place and the market pulls back. Stop 2 is the next pullback on the 0.236 Time Fibonacci level. The 0.382 Fib prices Stop 3 and basically the Cycle Top. This has been happening on both previous Cycles exactly as described and on the 2012-14 Cycle it just had to be adjusted a little before the 1st Halving due to the Cycle being much shorter since it was the earliest. Nevertheless, it fits the Stop points perfectly. Note also that distance from the Halving (Stop 1) to Stop 3 has always been 76/78 weeks. This suggests the we can have a new Cycle Top by October 20th 2025 the latest. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Bull couldnt defend de work done yesterday and now this is short.
Der Goldpreis stieg heute weiterhin mit starker Aufwärtsdynamik. Nachdem er am Nachmittag nicht in eine rückläufige Tendenz geraten war, durchbrach er den Höchststand weiter und zeigte damit, dass der Markt stark optimistisch ist. Das 1-Stunden-Chart erreicht weiterhin neue Höchststände und es besteht immer noch die Möglichkeit einer kurzfristigen Aufwärtsbewegung. Es sollte jedoch beachtet werden, dass auf Tages- und Wochenebene überkaufte Divergenzsignale aufgetreten sind und die Preise weit vom kurzfristigen gleitenden Durchschnitt abgewichen sind, was das Risiko eines Rückzugs erhöht. Unterstützungsbereich: 3005-3008 (Long-Bereich, wenn der US-Markt zurückfällt), 3015 (Ausgangspunkt am Nachmittag). Widerstandsbereich: 3040–3050 (erfordert besondere Aufmerksamkeit), 3050–3055 (kurzfristiger starker Widerstand). Die Nachrichten der Federal Reserve am frühen Donnerstagmorgen könnten erhebliche Auswirkungen auf den Markt haben und müssen aufmerksam beobachtet werden. Der Goldpreis könnte vor der Ankündigung der Fed stark bleiben, nach der Ankündigung jedoch großen Schwankungen unterliegen. Bedienungsvorschläge: Langfristige Strategie: Gehen Sie bei einem Rückgang long: Wenn der Goldpreis auf den Bereich 3005–3008 zurückfällt, können Sie versuchen, long zu gehen, mit dem Ziel bei 3030–3040, und den Stop-Loss unter 3000 setzen. Gehen Sie am Ausgangspunkt long: Wenn der Goldpreis auf etwa 3015 zurückfällt, können Sie auch versuchen, long zu gehen, wobei das Ziel über 3030 und der Stop-Loss unter 3010 liegen. Leerverkaufsstrategie: Short bei Erholung: Wenn der Goldpreis wieder in den Bereich 3040–3050 steigt, können Sie einen Short versuchen, wobei das Ziel bei 3020–3015 liegt und der Stop-Loss über 3055 liegt.
Tencent Musik zeigt trotz des schwachen Marktes eine extreme Stärke. Es könnte sich ein guter Long Einstieg ergeben. Viel Erfolg.