- FTSE 100 index broke resistance level 8700.00 - Likely to rise to resistance level 8900.00 FTSE 100 index recently broke the resistance area between the key resistance level 8700.00 (which stopped the price at the end of January) and the resistance trendline of the daily up channel from December. The breakout of this resistance area accelerated the active short-term impulse wave 3 of the higher-order impulse sequence C from last August. Given the clear daily uptrend, FTSE 100 index can be expected to rise to the next resistance level 8900.00, target price for the completion of the active impulse wave (C).
AUDCHF has broken the down-trend and the consolidation based on the regression break and could move back to wards the top of this consolidation. There is also a positive roll on this pair which make the trade more attractive. I am considering a EA activation with fixed risk.
Crude oil prices fell over 11% from the January high before support was found at the 200-day SMA and 50% retracement level on Friday. Trump's latest tariffs saw commodities rise on inflationary concerns, and that allowed WTI futures to post a daily gain of 1.6% - its best day since the January high. The 1-hour chart shows an impulsive move with no immediate threat of a top forming, and it seems plausible that the market is now reaching for $74 as part of a counter trend move, near the monthly pivot point and weekly R2. However, as Monday's trading volume was the lowest of the year, it shows a lack of bullish enthusiasm. So unless we see volumes rising alongside prices, I am to assume the current bounce is simply a correction against the drop from the January high. Matt Simpson, Market Analyst at City Index and Forex.com
- Gold broke resistance area - Likely to rise to resistance level 2950.00 Gold continues to rise strongly after the earlier breakout of the resistance area located between the key resistance level 2878.00 (which stopped the price at the start of February) and the resistance trendline of the daily up channel from the start of this year. The breakout of this resistance area accelerated the active short-term impulse wave 3 of the higher-order impulse wave (3). Given the strong uptrend that can be seen on the daily and the weekly charts, Gold can be expected to rise to the next resistance level 2950.00, target price for the completion of the active impulse sequence (3).
OAT has a (+2%) per a month roll in the short positions. The regression has broke, so now the bias is net short. with the positive monthly roll, it maybe a commodity worth considering.
ETHUSD Short Setup – Bearish Breakout Potential ? Technical Setup: Ethereum is forming a narrowing structure, and a downside breakout of the trendline could trigger an acceleration towards $2400 and lower. ? Daily Structure: ETH remains in a strong downtrend with notable bearish momentum. Significant acceleration is observed below the 20-50 MA zone, which serves as a value area. ? Sentiment & Market Context: A massive short position has been built on CME ETH futures, indicating either hedging or expectations of upcoming volatility. This creates a fragile situation for ETHUSD, which could lead to a sharp move downward unless unexpected positive catalysts emerge in the crypto market. ⚠️ Key Levels to Watch: Trendline breakdown confirmation $2400 support zone Potential for further downside Let’s see how it plays out! ? Don't forget to do your own research and manage your risk at all times!
This set up always works for me because as we can see , price is in a downtrend and I expect price to break the downtrend and reverse back to the supply zone and go Long
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METISUSDT is consolidating within a long-term symmetrical triangle, with price currently testing a key demand zone around $23.00, a historically reactive level aligning with trendline support. Multiple liquidity taps at this area indicate strong accumulation interest, reinforced by RSI bouncing off historical oversold conditions. This presents a high-probability buying opportunity, as a sustained hold above this level could initiate a reversal. A breakout above the triangle’s upper boundary, currently near $47.00, would confirm bullish continuation, opening the path for the mid-term target at $322.85. The measured move projection from the triangle pattern suggests a full upside extension towards the $6,774.72 final target. However, invalidation occurs if price breaks below $10.61, which would shift the bias toward deeper price discovery.
So far there is no clear price action to short XAUUSD and it’s still in its long term bull runs