It has many white soldiers on daily, bullish engulfing on weekly, and scaling in again, price changed character from a fake bearish move on Thursday to being bullish on Friday last week.
The GBP/USD pair began the new week positively, trading at around 1.29400-1.29450 during the Asian session and matching the four-month high reached on Friday.The bearish sentiment surrounding the US Dollar (USD) supports the prospects of extending the momentum of last week's breakout above the significant 200-day simple moving average (SMA). The US Dollar Index (DXY), a measure of the USD against a basket of currencies, is approaching its lowest point since early November, a development that followed Friday's weak monthly US jobs data.The headline non-farm payrolls (NFP) data revealed that the US economy added 151,000 jobs in February, falling short of the consensus estimates. In addition, the previous month's data was revised downward to 125k and the unemployment rate unexpectedly rose to 4.1% from 4.0% in January.This comes amid fears that US President Donald Trump's policies will hit US economic activity, and suggests that the Federal Reserve (Fed) will cut interest rates several more times this year. Current market predictions indicate approximately three 25bp rate cuts this year, a development that persists in exerting pressure on the pound and thereby supporting the GBP/USD pairing.The remarks made by Federal Reserve Chairman Jerome Powell, in which he expressed that the US central bank has no intention of hastily reducing interest rates, did not provide any respite for those who advocate a strengthening of the dollar. Conversely, the British pound is bolstered by the anticipation that the Bank of England (BoE) will adopt a more gradual rate reduction approach compared to other major central banks, including the Fed.This dynamic is further fueling demand for the GBP/USD pair, underscoring a positive outlook.Absent significant market-moving economic data from the UK or the US, the US dollar is expected to exert influence on spot prices, enabling traders to capitalize on short-term opportunities. Trading recommendation: SELL 1.28900, SL 1.29500, TP 1.27800
Last week's weekly line closed with a small positive line. Bulls and bears played at a high level and fluctuated back and forth 8 times. The pattern showed that it was stuck in a quagmire of volatility. The volatility of gold was due to the decline of the U.S. dollar. In addition, several big data released by the United States were bullish for gold and suppressed the U.S. dollar, making the market confused. The U.S. dollar closed with a large negative line last week. On the contrary, gold did not rise much. This week, our gold trend is bullish. In the short term, we will continue to see fluctuations in the 2931-2891 range. We can intercept it up and down in this 40-point range. In such a market, it is difficult to catch big profits if you chase ups and downs. In addition, gold needs a high-level repair to build a top. The previous weekly top has not been erased. Focus on whether gold can hit a new high again this week. If gold rises first in the Asian session, we will focus on the short position opportunities in the range of 2925-2931. If gold falls, we will focus on the long position opportunities in the range of 2891-2900. Gold fluctuates repeatedly and temporarily in the short term, but we cannot be fooled. The weekly chart and the weekly moving average still support gold. In terms of operation, long positions are the main course and short positions are auxiliary. Support 2900-2891, pressure 2931-2925, the strength and weakness dividing line of the market 2912. Operation suggestion Gold-----sell near 2929, target 2900-2891
1. Long-Term Range Trading at Key Support The chart shows that Crude Oil (WTI) has been respecting the green line as a strong support-resistance zone for the past 5+ years. Previously, this level acted as resistance (2018, 2019, 2021) before a breakout, and since then, it has been tested multiple times as support (2022, 2023, 2024, and now 2025). 2. Support Holding or Breakdown? Scenario 1: Support Holds (Bullish Case) If crude oil takes support at this level again, it could see a bounce and attempt to rally higher. The strength of the bounce depends on volume and global oil demand factors. Upside targets in case of a bounce: $80-$90 range. Scenario 2: Breakdown (Bearish Case) If crude breaks this major support with strong selling volume, it could trigger a major downtrend. Next support levels to watch: $55-$60 zone. A break below this range could lead to a deeper sell-off, possibly towards $45-$50 levels. 3. Key Indicators to Watch Volume: A breakdown should be confirmed with high volume; otherwise, a false breakdown is possible. Global Factors: Oil prices are heavily impacted by OPEC decisions, geopolitical risks, and demand-supply factors. Price Action Confirmation: If price forms a bullish reversal pattern (like a double bottom or pin bar) at this level, it may confirm support holding. 4. Conclusion: Decision Point Ahead Crude Oil is at a critical juncture—either it bounces from this strong support zone or breaks down into a bearish trend. Traders should wait for confirmation before taking long or short positions. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading involves risks, and past performance does not guarantee future results. Always conduct your own research or consult a financial expert before making any trading decisions. Would you like a detailed technical indicator-based confirmation for entry points? ?
BTC levels for the day, if breaking and closing below the horizontal levels can give a fall to the other levels. bitcoin mostly trapping buyers for a down move,
SPX made a pin bar on Friday. Path of least resistance is to the upside. 5690 if traded today, is a low risk level to go long to target 5810 and 5860.
On the monthly chart it is visible that the turning figure was created. MACD shows divergence, other technical indicators it confirm. I expect decrease the price at least up to 0.5 according to Fibonacci - the purpose for me 62800. Information provided is only educational and should not be used to take action in the market.
EURUSD is likely to go down form the resistance area and may be target is around 1.05.
We can see that price is rejecting from CISD and making a SMt and nwog is already field so we can look clear for clear lrlr
The Bitcoin USD price first derivative of the 40 week SMA is equal to its level in March 2020 as the weekly candle closes at this Market Cycle's support band, the 40 Week Simple Moving Average, just as it did in February 2020 weeks before a 65% correction.