Currently market plays Accumulation zone between 3326-3335 area. What we have If we got closing above 3335-3337 then market will again carry the Rising wedge channel upto 3380. On the other hand, once candle closes below 3326-3320 we'll see the the area which we called (volume imbalance or opening gap) will be covered. Additionally: I'm holding the sell trade and expecting the drop first then long . Although above 3335-3338 closing I will shift my trades. Today's we have alot high impact news coming, technical sentiments will effect.
My GBP/USD buy signal looks promising. Here's a breakdown: *Key Points* 1. *Entry Price*: 1.33150 2. *Targets*: - Target 1: 1.33800 - Target 2: 1.34180 3. *Trend*: Bullish breakout from trendline resistance, indicating potential upward momentum. *Considerations* 1. *Confirmation*: Ensure the breakout is confirmed with strong volume and a decisive close above the trendline resistance. 2. *Risk Management*: Set a stop loss below the recent support level or trendline to limit potential losses. 3. *Market Sentiment*: Keep an eye on economic news and events that could impact the GBP/USD pair, such as interest rate decisions or economic indicators. *Next Steps* - *Monitor the Trade*: Keep a close watch on the trade and adjust your stop loss and take profit levels as the price moves in your favor. - *Additional Analysis*: Consider using other technical indicators or chart patterns to further validate the trade setup. Would you like to discuss more about incorporating additional technical indicators or how to handle potential market-moving news?
AIOZ did impulse and correction of it. Bounce from the buy zone and I expect now push to 1$ range followed by another deep correction. If we manage to form symmetrical triangle in this range we open path for breakout and potential inverted H&S pattern that would lead toward new ATH; TP ranges being at fibb 1.272 and fibb 1.618 - that would be a similar move that BTC is currently doing. Note 0.18$ is stop loss point as if we loose it we will get dump back to ATL range! As we move up remember to slowly raise stop loss into profit just to be secure.
Technical Analysis (Elliott Wave View): ? Wave Structure Overview (Elliott Wave): Wave (1): Sharp rally up to 2008 (Global Financial Crisis peak). Wave (2): Deep corrective wave ending around 2011. Wave (3): Strongest and longest wave, peaking around 2016 (a textbook impulsive 3rd wave). Wave (4): Sideways-to-down correction, consolidating the gains of Wave (3), ending 2018. Wave (5): Final push higher, peaking around 2023–2024. ? Note: Wave (5) looks like it may be ending or already ended, indicating a major corrective phase is due. ? Projected Correction: The projected arrow suggests a retracement down to the 11.50 – 13.00 ZAR zone. This level aligns with: Previous Wave (1) top (2008), Wave (4) low (2018), Strong monthly demand zone (grey box). ? This supports the idea of a full cycle correction — possibly a Wave A-B-C retracement on a higher time frame. ? Fundamental + Macro Drivers to Watch: ?? U.S. Factors: Interest rate cycle: If the Fed starts cutting rates post-2024, USD weakness can contribute to this bearish outlook. Election year: Political uncertainty or a shift in administration could trigger capital flow changes. ?? South African Factors: BRICS expansion and de-dollarization: If BRICS continues pushing for reduced USD reliance, it might support ZAR strength long-term. Commodity cycle: As a resource-rich economy, a commodities boom (e.g. gold, platinum) could strengthen ZAR. Policy and infrastructure improvements in South Africa could also boost investor confidence and foreign inflows. ? Conclusion: This is a major long-term top formation on USDZAR with: Clear 5-wave completion, Room for a deep correction (potentially 30–35% downside from current levels), Strong technical confluence at the 11.50–13.00 range, Fundamentals that could support ZAR strength over the next few years.
A quick look at short term chart here shows retracement to areas of good support resistance and volume ( blue line and orange circles ) Failing Strength and decreasing momentum all add to the mix in short term so look for a bounce BUY CADCHF Current Level 5955 Stop 5935 Target 5985 A decent risk/return in a short term move . E
Possible break down to $282 or if the trend hold, shoots to the upside. Possible earnings catalyst or tariff relief.
Central banks around the world have continued to purchase gold in large quantities in recent years. In 2024, the total amount of gold purchased by central banks around the world reached 1,045 tons, exceeding 1,000 tons for the third consecutive year. In January 2025, central banks around the world purchased a net of 18 tons of gold, and in February, they purchased a net of 24 tons. The World Gold Council said that the continued trend of gold purchases shows the important strategic significance of gold in official foreign exchange reserves. Faced with future upward pressure on inflation, Powell has not relaxed his stance on interest rate cuts, but the volatility of long-term U.S. Treasury prices has increased market expectations for the Fed to restart QE and cut interest rates in advance. Considering that the U.S. debt pressure will be further highlighted this year and the form of stagflation will be further clarified, gold will remain strong overall. It is recommended to enter the long position at 3333, stop loss at 3313, and target at 3385.
Ethereum (ETH) has broken out of a falling wedge pattern, signaling a potential bullish move. If the breakout sustains, the price could rally towards the projected target in the $2800 region, based on the wedge’s height.
GBPJPY Trade Outlook (30m TF) – Bullish Continuation Setup? Following an aggressive bullish impulse yesterday that saw GBPJPY rally nearly 200 pips, price decisively continue breaking structure at 189.95, signaling a clear shift in order flow. Currently, the market appears to be in a corrective phase, retracing into a well-defined demand zone between 189.15 - 188.80 which align perfectly with a bullish order block and ascending trendline support, maintaining the bullish structure. As long as price holds above 188.80, I remain bullish on this pair, anticipating a continuation towards the 192.00+ premium zone, where further reaction or distribution may occur. Market bias: Bullish Trade idea: Wait for a reaction within the demand zones, confirm with bullish intent, and target higher liquidity zones above 191.50. Stay patient, trust your zones, and always manage risk. #RYKERSMCPREMIUM #Rykerkain
another unpublished TV forecast long from demand zone sl below