The ?USDCAD pair has formed a head and shoulders pattern on the 4-hour chart. Following the release of US economic data yesterday, the price quickly fell and broke below the pattern's neckline. This morning, the price is currently testing the broken neckline and heading below it. This suggests that we may see further downward movement in the price. The next level of support to watch for is at 1.4244.
EUR/USD - CME_MINI:M6E1! WEEKLY CHART FX ANALYSIS Bullish reversal. Bullish Div. Weekly Volume to match Watching for +11.48% move higher to $1.1515 TVC:DXY moving lower, inverse bearish trajectory Trade at your own risk. ?
?US Expected to Add 170,000 Jobs in February, But Job Outlook Worsens ———— ⚫February Jobs Forecast: Nonfarm payrolls report projects 170,000 jobs added, up from 143,000 in January, while unemployment remains at 4%. ⚫Mixed Signals: While official data shows the labor market remains strong, surveys show many workers are worried about their jobs and less willing to look for new opportunities, while job seekers are having a tough time. ⚫Layoffs Rising: Staffing firm Challenger, Gray & Christmas reports that businesses are announcing the highest level of layoffs since July 2020, with 62,000 jobs tied to the Trump administration's federal workforce cuts. ⚫Consumer Confidence Falls: A report from the Conference Board and the University of Michigan showed consumer confidence is falling sharply amid fears about growth and the labor market. ⚫Impact of Government Layoffs: Some economists warn that government layoffs could spread and affect as many as 500,000 jobs, undermining confidence in the economy. ⚫Wage Growth: Average wages are expected to rise 0.3% month-over-month and 4.2% year-over-year, up from 4.1% in January.
COINBASE:ADAUSD has some very interesting Price Action happening with the decline starting from beginning of December 2024 forming what looks to be a Descending Channel with the potential to become a Bull Flag! With a Bull Flag being a Continuation Pattern, we can expect a higher probability of a Bullish Break to this Channel to continue in the trend it was following prior to falling into this Consolidation Period. Last week we saw a huge Bullish Candle form and Break the Channel after testing the March 2024 Highs, the 200 EMA @ .7719, along with the Linear Regression or "True Trendline" of the Descending Channel. Other indicators suggest Bullishness as well with the RSI staying above 50 in Bullish Territory and we can see a large amount of Volume entering this Weekly Candle with 2 days and 19 hours left until Close at the time of publishing. *If Cardano can continue to find Support and is able to make a Valid Bullish Break of this Channel, based off the "Flagpole" or Rally, prior to price falling into Consolidation, we can expect a potential 120% gain from the Break, potentially sending price up to test the overhead Resistance Zone in the ( $1.85 - $2.15 ) Range! 3/7 - The White House will be holding the very first U.S. Crypto Summit to make plans to start bringing cryptocurrency into a U.S. Crypto Strategic Reserve https://www.tradingview.com/news/newsbtc:3fc669125094b:0-cardano-ada-soars-as-whale-activity-hits-3-month-high-what-s-next/
Stock in Stage 4 decline, trading below 200DMA, but testing trendline resistance. ? Breakout above ₹900 = bullish ? Target: ₹1050 ? Stop Loss: ₹820 ? Needs volume confirmation. DYOR. #StockMarket #Trading #Investing #Justdial #NSE #BSE #SwingTrading #TechnicalAnalysis #TrendReversal #Breakout #IndiaStocks
Current Market Structure The chart illustrates a completed five-wave impulse (labeled in blue and red), indicating the end of a bullish cycle. A corrective W-X-Y pattern is developing, with price action currently in the X wave phase. A potential retracement towards the 2,882 – 2,877 support zone (50% retracement level) is expected before a strong upward move. Trading Outlook Bullish Scenario: If price reacts positively near the 2,877 – 2,882 support area, it could trigger a rally towards 2,950 and beyond. Bearish Risk: If the correction extends beyond 2,855, further downside may unfold. Conclusion Gold remains in a corrective phase, but the Elliott Wave structure suggests an upcoming bullish move. Traders should monitor key support levels and price reactions before making entries.
1. Weekly High Breakout Confirmation The stock has successfully crossed its weekly high, signaling potential bullish strength. A strong close above resistance increases the chances of trend continuation. 2. Volume & Market Participation Rising volume on the breakout suggests institutional buying. Low-volume breakout could indicate a false move—wait for confirmation. 3. Support & Stop Loss Levels New support at the previous weekly high—should hold for continuation. Stop loss below the breakout level to manage risk. ? Disclaimer: This analysis is for educational and informational purposes only and should not be considered financial advice. Trading and investing in stocks involve risk, and past performance does not guarantee future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The author is not responsible for any financial losses incurred. Trade responsibly! ??
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? Bitcoin is at a crucial inflection point, and a deep correction before the real move up is looking more probable. The Strategic Bitcoin Reserve announcement today could act as a sell-the-news event, triggering a sharp liquidity flush. ? Key Support Zone at $85K Losing this level = trouble. A breakdown here opens the doors for $72K as the first major support. If $72K fails, the market will likely seek deeper liquidity at $60K, then $50K. This aligns perfectly with previous cycle retracements before parabolic moves. ? Upside Target: $120K-$150K by Year-End History repeats: BTC has always had a massive correction before its final leg up. If the 85K level holds, a push toward 100K+ remains on track in the mid-term. Final explosive rally expected in Q4 2025. ? Risk Level at $85K Breakdown Losing $85K again will accelerate the correction. Below $72K, $60K-$50K becomes the magnet. ? Action Plan: ✅ Short if BTC loses $85K again—targets at $72K, $60K, and $50K. ✅ Long-term holders should brace for volatility but not panic—big picture remains bullish. ✅ High timeframe traders can DCA between $60K-$50K if we get the dip. ? Final Thought: BTC corrections are fast, deep, and brutal—but they set the stage for massive breakouts. If history plays out, this could be the last major shakeout before Bitcoin's real parabolic phase. Stay sharp. This market is about to get wild. ?
Trident chart is showing clear past corelation 2017 to 2020 and 2021 to 2025 , i think max 1-2 percent dip panding and this stock can reverse. Add this stock in must in watchlist