Hello traders DXY has found solid weekly support and has closed above the breakout level. Gold closed the week with a significant bearish engulfing candle. US10 Y has also found support. That leaves Bitcoin which has been trading below the $100,000 level for 9 sessions in a tight range. I believe that the indecision on Bitcoin is not about any lack of future support for crypto by the Federal Government but the impact of the tariffs and the Ukraine war on risk taking. Hence, the conclusion that the USD will turn up again. Keep an eye on the other safe haven currencies, CHF and JPY, too. I believe that the tariff mania has subsided now that there is some breathing room until the car tariffs kick in on April 2nd and our trading partners, Canada and Mexico have been given a short extension. We all know how fickle and unpredictable Trump is, so anything can change with no advance notice. The geopolitical situation is ugly, to say the least. Both President Trump and Vice President Vance have made it clear to Europe and the UK that the isolationist policy of America first is well and alive. The most concerning issue is that it appears that Trump is dealing directly with Putin and sidelining the European union, the UK and most importantly, President Zelensky, in hammering out a peace deal. Pete Hegseth has said as much too: Ukraine should not expect to have their original SOVEREIGN borders restored. The audacity of this administration that we are currently seeing in the USA with mass firings by the unelected DOGE leader, Musk, who even gained access to Treasury Department payment systems, is OUTRAGEOUS and is now spilling over into the international arena. Trump seems dead set on unilaterally deciding how the Ukraine/Russia will come to an end. The European union and the UK have called an emergency meeting for tomorrow but pending the outcome of their resolve to provide more support to Ukraine, it may put the EUR/USD on the backfoot. Trump chaos reigns! Best of luck.
After forming a double top followed by a break in the resistance zone on the daily timeframe; EURAUD is now looking bearish. We are looking to enter on a retracement to the 1H fvg. Please note this is a riskier trade so reduce risk percentage.
NOC is now net-short, along with the other military stocks. Maybe an indication of global politics changing thought out the world.
Our analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will rise to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
USDMXN has broken the uptrend after 216 straight days in a long bias. Maybe be worth considering an EA entry short with limited risk to the swing-high
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
As summarized in my weekly post, I will mainly engage selling orders this week. I will look for selling opportunity today at around 2905 level if there is any retracement. However, if 2855 is broken, i will trade breakout accordingly.
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS ?Let’s learn and grow together ? ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support ??? ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
ETH appears ready for a significant move according to elliott wave theory
The US Dollar Index is currently positioned at the top of its trading range, which has been in play since 2023 on the weekly timeframe. This presents a solid bearish setup, as the index is likely to reverse and trade back into the range. This trade idea has been in play since September of 2024 when we were still trading at the BOTTOM of the rang e