Gold (XAUUSD) has broken out of its ascending channel, indicating a possible change in market structure. After the breakout structure (BOS), the price retested the previous support line, which now acts as resistance. The rejection at this area confirms the bearish momentum, consistent with the breakout retest strategy. If the price fails to reclaim the broken support, we may see a further decline to the highlighted demand area around $2,870 – $2,850. Traders should watch for rejection or continuation signals before entering new positions. Bias: Bearish Key Levels: Resistance: $2,940 (Breakout Retest Area) Target: $2,870 – $2,850 (Demand Area)
Hi guys we would be taking a look into the S&P500 after a strong resistance showed by the buyers who denied the sell off, below find detailed technical analysis. The strong ascending channel gives us the following uptrend perspective This performance reflects a robust upward trend, with the index showing resilience despite recent market fluctuations. A notable aspect of this rally is the broadening market participation. While technology giants previously led the charge, 2025 has seen a shift. The healthcare sector has risen 7.1% year-to-date, and consumer staples have surged 8.3%, indicating a defensive investment strategy by investors. This diversification suggests a healthier market foundation, reducing reliance on a few large-cap stocks. From a technical perspective, the S&P 500's position near its all-time high is a positive indicator. Historically, investing at market highs has not precluded further gains. Data from 1950 to 2023 shows that even when investments were made at all-time highs, returns over one, two, and three-year periods were close to the average return of the index. This historical resilience suggests that the current levels may serve as a foundation for continued upward momentum. In summary, the S&P 500's approach to its all-time high, combined with broad sector participation and supportive historical data, paints a positive technical picture. While market dynamics are subject to change, the current indicators support a favorable outlook for the index's continued performance. Entry: 5,995 Target: 6,130 SL: 5,850
ETHUSD looks like it's ready for an all time high. Holding the $2400 level quite strong. Maybe see a push into the $2k or $1618 price point which I highly doubt. $7500 here we come ETH
https://www.tradingview.com/x/2TOqZa2e/ My dear friends, GOLD looks like it will make a good move, and here are the details: The market is trading on 2911.0 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 2925.4 Recommended Stop Loss - 2903.3 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
EURUSD is neutral on its 1D technical outlook (RSI = 55.966, MACD = 0.003, ADX = 17.727) as the price turned sideways in the past 2 weeks. The 4H MA50 is acting as the support of this Channel Up pattern. Even though the price hasn't yet made a technical HH, the 4H RSI is on a LH bearish divergence like the Jan 27th high. The signal to sell then came when the price closed a candle under the 4H MA50. If it happens again, the top will most likely be in, so go short and target the 0.786 Fibonacci retracement (TP = 1.02800). See how our prior idea has worked out: https://www.tradingview.com/chart/EURUSD/DpOFArLD-EURUSD-Channel-Up-aiming-at-1-05750/ ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
The AUD/USD has fallen about 0.5% on the session, making it among the weakest of currency pairs so far in today's session. We had some weaker data from Australia overnight in the form of CPI, coming in at 2.5% vs. 2.6% eyed, and construction work done was half the expected rate at 0.5% q/q. The focus will turn to the US side of the equation as we head deeper into the week with GDP, Core PCE and a few other data releases to come. From a technical viewpoint, the AUD/USD is testing a key support zone around 0.6300, which needs to hold on a closing basis to keep the bulls happy. This level was resistance and could turn into support given the recent bullish price action. Here, the 21-day exponential average also comes into focus. If we see a nice rebound here, this could set the stage for a continuation towards 0.6400 and then 0.6500 thereafter. Let's await a bullish reversal here before potentially looking for setups, at least on the lower time frames. By Fawad Razaqzada, market analyst with FOREX.com
I know it is hard to accept this when you have a stake in Bitcoin. What do you honestly think Bitcoin is going to do once the stock markets roll over? See exhibit A and B below. IT CAN BE VERY BAD!
Intuit Inc. (NASDAQ: INTU), a leading provider of financial management, compliance, and marketing solutions, saw its stock surge 8% in premarket trading following an impressive earnings beat. The company’s strong financial performance, coupled with increasing demand for its AI-driven financial services software, has positioned NASDAQ:INTU for a potential breakout. AI Expansion and Tax Season Demand Intuit, the maker of TurboTax, QuickBooks, and Credit Karma, has been capitalizing on the growing demand for AI-powered financial solutions. The ongoing tax season in the U.S. has further boosted demand for its software, with the bulk of tax filings expected in Q3. In its latest earnings report, Intuit exceeded Wall Street expectations, reporting second-quarter revenue of $3.96 billion, surpassing the estimated $3.83 billion. Adjusted earnings per share (EPS) came in at $3.32, significantly outperforming estimates of $2.58. However, while Intuit’s Q3 revenue forecast of $7.55 billion–$7.60 billion surpassed the analyst consensus of $7.51 billion, its adjusted profit per share projection of $10.89–$10.95 fell short of the expected $11.48. Despite workforce reductions in 2024, Intuit rapidly filled vacant positions, underscoring its operational efficiency and ability to scale talent acquisition. The company's AI-powered assistant, Intuit Assist, launched in November 2024 for QuickBooks, is further streamlining tax and financial management tasks, enhancing productivity for small businesses and individuals alike. Technical Outlook As of the time of writing, NASDAQ:INTU has surged 8% in premarket trading, forming a bullish engulfing pattern. The stock had previously closed down 2.2% in the last session, trading below key moving averages (MA). However, this premarket jump places NASDAQ:INTU on the cusp of a breakout. Key technical indicators suggest room for further upside: - Relative Strength Index (RSI): Currently at 54, indicating ample room for continued bullish momentum before entering overbought territory. - Fibonacci Retracement Support: The 38.2% Fibonacci retracement level is acting as a key support zone, potentially providing a cushion against pullbacks. - Breakout Potential: A decisive move above the 1-month high could push the stock toward the 38.2% Fibonacci extension zone, paving the way for new resistance levels and a sustained bullish run.
Today's Rally in counter-trend mode aligns with the current breakdown as a strong possibility of a Rally (Upward) type of trend. After yesterday's deep low and moderate recovery near the end of the day, I suspect the SPY is setting up another Excess Phase Peak base - transitioning into the upward Flagging formation. Because of this, I suspect today's Rally pattern will result in a moderate Melt-Up type of price action in the SPY/QQQ. It may also prompt metals to rally off yesterday's lows as the Panic selling mode ends. BTCUSD I still seeking a new low and trying to find the consolidation phase. I believe BTCUSD could fall further before finding support. This is going to be a very interesting ROLL of price related to the SPY/QQQ, Gold and Silver, while Bitcoin continues to try to identify lower support. Almost like a "disconnect" is taking place. Ultimately, I think we'll see a peak between March 5-12 in the SPY/QQQ - rolling downward into the March 21-24 Major Bottom. Get some today. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Nio has developed a Wyckoff accumulation pattern, which started one year ago. The key level remains at $4.50, signaling the start of the next wave in this Elliott Cycle (3rd wave). Trend-Based Fibonacci Extension could help us identify key levels for this potential movement. It's important to note that this is just a probability, and nothing is certain yet. What about the company ? NIO is a Chinese electric vehicle (EV) manufacturer that has gained significant attention in recent years, particularly for its innovative approach to battery technology and its premium EV offerings. Founded in 2014, NIO has positioned itself as a major player in the global EV market, particularly in China, and is looking to expand its presence internationally. Over the past three years, NIO has shown impressive growth in terms of vehicle deliveries. In 2021, the company delivered over 91,000 vehicles, a substantial increase from the 43,000 vehicles delivered in 2020. In 2022, NIO continued its upward trajectory, delivering over 122,000 vehicles, marking a strong year despite global supply chain challenges. One of NIO's most innovative features is its battery swapping technology, which sets it apart from many other EV manufacturers. Instead of relying solely on traditional charging methods, NIO offers a Battery as a Service (BaaS) model. This allows customers to swap their depleted battery for a fully charged one at one of NIO's battery swap stations. This process takes just a few minutes, significantly reducing the waiting time compared to traditional charging stations. This battery swapping system is part of NIO's strategy to address some of the main challenges associated with electric vehicles, such as long charging times and the high cost of battery replacement. It also allows NIO to offer vehicles at a lower upfront cost, as the battery is leased separately. This innovative system has the potential to revolutionize the EV market by offering a more convenient and flexible solution for drivers. NIO's focus on advanced technology, luxury EVs, and battery swapping has made it a strong competitor in the growing electric vehicle industry. With plans for further expansion into Europe and possibly the U.S., NIO’s innovative approach to the EV market could play a key role in the future of electric transportation.