FenzoFx—GBP/USD downtrend eased at $1.2860. The bearish outlook remains valid as long as the price is below the $1.2960 resistance level, backed by the 50-period moving average. However, bears must close below $1.2860 for the downtrend to resume.
? EURUSD Market Update ? Technical Outlook ?Short-term: BULLS 1150 ?Mid-term: BEARS 0670 ?Status: REVERSAL from S/R ?0660/0680 normal pullback ?BULLS will max out at 1150 ?Price Target Bears: 0660/0680 ?Price Target BULLS: 1140/1160 ? Forex Market Update – April 7, 2025 ?? EUR/USD ? Reclaims the 1.1000 level amid fresh USD weakness ? Driven by EU-U.S. trade tensions & global recession fears ? ? Almost Completed a cup & handle formation ?? GBP/USD ? Holding gains above 1.2900 after rebounding from 1.2830 ? Supported by USD sell-off & BoE-Fed policy divergence ? ? Risk-off sentiment & dip-buying helped push the pair higher
Bitcoin is heading towards 30k to 40k in 2026, and many people will lose money, especially ETF investors. All major Bitcoin ETFs launched around January 10, 2024, at the price of around 45,000 USD per Bitcoin. What if I tell you that everyone who bought this ETF will be in a loss during the next major bear market cycle? Of course whales need liquidity, and pushing the price to the ETF's all-time low would be a perfect plan. Bitcoin has been going only down since Trump's first day in office. All investors are extremely disappointed because they saw Trump at a Bitcoin conference talking about the future of Bitcoin and the USA crypto reserve. Unfortunately, it was a trap, and Bitcoin is losing its value pretty significantly. Everyone who bought the news is pretty much at a loss. Of course Bitcoin is completely manipulated by the central banks and government, so forget about decentralization and freedom. But let's take a look at the technical analysis on the weekly chart. On the chart, we can see a parallel channel, and today we have a huge red dildo breaking the channel to the downside with a strong volume. This parallel channel is a representation of the whole bull market (uptrend) since 2022. It's breaking down, and we can completely forget about any bull market this year. From the Elliott Wave perspective, an impulse wave has been completed, and we are looking for a bearish retracement. Usually we want to focus on the 0.382, 0.500, and 0.618 FIB levels. These levels provide the highest probability of a bounce. In the short term, we have a falling wedge pattern that I warned you about a few days ago. I predicted this dump successfully.⬇️ https://www.tradingview.com/chart/BTCUSDT/myfX1LtY-Bitcoin-17-drop-to-69-000-must-see/ Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
As I’ve posted on March 4th, I was expecting a second shoulder of the pattern (and then a sharp fall due to some news) and we were going to have it - the bounce back - until the tariff turbulance. A clear positive divergence of the RSI was appearing on the daily chart and the momentum has turned upwards. And then you know what happened. The sharp fall came a couple of weeks earlier than I’ve anticipated. The market will definitely bounce back but when and at what level? Nobody can know, however the artefacts will probably cause a lower low afterwards. Check out the pattern of the 2022 downtrend. The water seems to be muddy for a while.
WTI oil (USOIL) could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 59.52 which is a pullback resistance. Stop loss is at 61.50 which is a level that sits above a pullback resistance. Take profit is at 57.37 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
I’m watching the 2995 level closely. If price dips back into this support zone, I’ll be looking for buy entries with at least 200+ pips in mind. We’ve seen strong bullish moves off this area before, so if price respects it again, I want to be ready. If it breaks through with momentum, no entry – simple. ? Invalid if structure fails beneath support
A simple chart Analysis.Defining the Entry and the 2 Exit Strategy(TP & SL)..You can comment in the section below and Follow for more Video Analysis..ENJOY!!
After the analysis circle notified the long-short conversion, XAUUSD continued to fall, and the smooth shorting led the internal traders to make profits. XAUUSD quotation: around 3021. Shorting is still the main focus in the short term. The target is below 3k, and the points that need to be paid attention to above are 3040/3060. They are all good selling positions. Most of the market news now is negative. Therefore, shorting now controls the transaction risk and sets the transaction batch. Shorts can still make money. If you are not in the analysis circle yet. Remember to come to the analysis circle to refer to the daily real-time analysis and members' trading results.
Beginning of the week trap on EURUSD, seems like price is pulling back towards the previous high. However, I believe EU is still bearish and could get some bearish pushes.
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