H&S in US 10Y Yield, expecting downside as the neck line breakout today if it successfully closes below the neck line today in Daily TF.
A strong rejection from $0.074 and a re-test of $0.060! If it could pump toward $0.074 once more and break it with a strong bullish candle, $0.109 will be reachable. Since it is fluctuating almost on the price that was launched at most exchanges, it's unlikely to be deeply corrected from here.
Havens generally had a significant boost from Donald Trump’s latest announcement of sweeping new tariffs, with the yen in particular showing strong overall gains in most of its pairs. Flight to safety has been the primary driver for the yen in the last couple of days. The yen’s expected higher yield later this year could now be questioned because the impact of tariffs on Japanese inflation might not be very large while exports will almost certainly be lower than previously expected. When the Bank of Japan will hike next remains a significant intrigue; September seems less certain in light of the latest developments. ¥146.50 is still the key support, last month’s low and the area of lows in March last year also. If the price breaks below there successfully, there might be significant continuation before the next possible support. However, volume has been relatively low for dollar-yen in the last couple of days compared to early March, so an immediate move lower is somewhat questionable. A bounce above ¥149 is probably less likely still given both the technical and fundamental situation. The price couldn’t move clearly above ¥151 last month amid low volume, with the 200 SMA functioning as a dynamic resistance. As for euro-dollar, dollar-yen’s next major movement is likely to depend on the reaction to 4 April NFP. If the result isn’t particularly surprising and the trade situation remains confused, consolidation seems to be possible in the next few days. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
With new tariffs likely to have a significant negative impact on the American economy, the euro made strong gains against the dollar in the aftermath of the announcement. Against these, inflation in the eurozone cooled to 2.2% according to the flash release for March. The consensus is for a total cut of 0.65% by the ECB for the rest of 2025, which in itself is a negative factor for the euro: the difference in rates between it and the dollar is unlikely to change significantly until possibly next year. $1.10 looks like a strong resistance which could resist testing for some time unless sentiment supports a breakout. However, with the price having consolidated above $1.08 for most of last month, a move above $1.10 seems to be more favourable technically now compared to around this time in March: there’s no indication of overbought and the slow stochastic is close to neutral at around 55. The area around $1.07-1.08 and particularly $1.07 itself around the 100% monthly Fibonacci retracement will probably remain in view as a zone of support. A lot depends on the results of the upcoming American job report: since the range of expectations for total nonfarm is so wide, it seems more likely that the actual result will diverge significantly from the average consensus. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
? Technical Overview: ✅ 1. Price Action: The price is forming a descending triangle pattern, which typically signals bearish continuation if broken to the downside. It’s currently testing a key horizontal support zone around $0.164 – $0.18 USDT (marked in pink), a historical accumulation area. Lower highs suggest sellers are still in control. ☁️ 2. Ichimoku Cloud: Price is below the cloud, and both Tenkan and Kijun lines are pointing down → clear bearish trend. No sign of bullish reversal from Ichimoku yet. ? 3. RSI (14): RSI is at 32.98, nearing the oversold region. The RSI and its moving average are running close together, no strong divergence yet. ? 4. WTO (Wave Trend Oscillator): WTO is deep in the oversold zone (around -50), and the blue and orange lines are slightly curling up → possible short-term bounce signal. ? 5. MACD: The MACD histogram is shrinking on the negative side, showing bearish momentum is weakening. However, MACD has not crossed above the signal line yet → wait for confirmation. ? 6. Cluster Algo: No strong bullish signals yet from the cluster indicators. Lines are compressing, which may indicate a potential breakout soon. ? Key Levels: Immediate Resistance: $0.20 – $0.21 USDT (Fib 0.236), further targets at $0.28 and $0.455 (Fib 0.786). Critical Support: $0.164 USDT. If this breaks, price could head to $0.11 – $0.12 (previous lows). ? Summary: This is a critical decision zone – price is at the bottom of a descending triangle and testing strong support. RSI + WTO are near oversold → a bounce is possible, but MACD confirmation is needed. If support at $0.164 fails, price might drop sharply. If it holds and volume picks up, a move toward $0.20 – $0.21 is likely.
Hello Traders ? Yesterday was an absolute disaster in the market! We saw a huge pump straight into $88,500, then a sharp crash back down to the current level around $83,000, which led to a fakeout from our falling wedge pattern — the one with a target around the All-Time High. But now the question is: what's next? As you might know, fakeouts are never a good sign for any pattern. And when we see one, there’s always a possibility of trapping both sides. For example, in our current situation — when we saw the bullish breakout from the falling wedge, many might have thought: “Alright, we’re about to explode and reach new highs!” So they jump into a long position without waiting for a proper close above resistance, thinking the market was already oversold and fear was over — which honestly, wasn’t a bad thought... BUT... Suddenly, Mr. President ruins the market again! ? And boom — we get a classic bull trap. Still, in my opinion, BTC.D is printing new highs, and sooner rather than later, it will crash. We’re not supposed to be stuck in this correction forever, because we’re still in a bull market. And don’t forget — the falling wedge pattern is still valid, and it’s a bullish pattern. Also, price is still holding above the purple line, which is our weekly support — so nothing’s broken just yet. ⚠️ So, what now? I believe the Fed is getting ready to cut rates and slowly start shifting their stance from QT to QE. Why? Because with yesterday’s new tariffs, US-imported goods are about to see inflation, and domestic producers could enter recession if the Fed doesn’t adjust its policy. So yeah... I personally think it's a good time to buy. Also, I’m planning to publish a dedicated educational idea about this — breaking down these macroeconomic factors and how they impact the market. Make sure to follow me so you don’t miss it! And as always, don’t forget our simple rule: ? Discipline is rarely enjoyable, but almost always profitable ? ? KIU_COIN ?
At the intersection of the midline of the two ascending and descending channels, there is a possibility of a short-term upward price reversal.
In Asian trading on Thursday (April 3), the market's risk-off sentiment increased, boosted by Trump's wide-ranging tariff actions. Spot gold prices jumped to $3,167.77/ounce in early trading, up nearly $37 in a day and hitting a new record high. OANDA:XAUUSD Continues to Rise as Trump Launches Tariff Campaign The US Dollar fell sharply in Asian trading on Thursday, contributing to the boost in gold prices. The US Dollar Index is currently at around 103.050, down more than 60 points on the day. On April 2, local time, the White House issued a statement saying that US President Trump declared a national emergency on the same day to enhance US competitiveness, protect US sovereignty, and strengthen US national and economic security. Trump declared this as America's "declaration of economic independence". The statement said that Trump will impose a 10% "base tariff" on all countries, effective from 0:01 a.m. Eastern time on April 5. In addition, Trump will impose higher, personalized "reciprocal tariffs" on countries with the largest US trade deficits, effective from 0:01 a.m. Eastern time on April 9. All other countries will continue to adhere to the original base tariff of 10%. Gold prices hit a new record above $3,160 an ounce after US President Donald Trump announced comprehensive “reciprocal” tariffs, imposing a minimum 10% tax on imported goods, raising concerns that this could trigger a global economic recession. Investors have flocked to gold as concerns about the health of the global economy have grown. Gold prices have risen 20% this year after a strong rally in 2024, driven largely by central bank buying and strong demand in Asia. AND IT WILL KEEP RISE AS FUNDAMENTAL SUPPORT IS ABSOLUTELY IN PLACE! https://www.tradingview.com/chart/XAUUSD/Db9I1qdP-Middle-East-heats-up-GOLD-rises-more-than-20-USD/ Technical Outlook Analysis OANDA:XAUUSD On the daily chart, after approaching the target level of attention to readers in yesterday's publication at the price point of the 1% Fibonacci extension, there are temporary signs of cooling down, mainly this is considered a correction state after a shock increase. In terms of trends, gold is currently being noticed by the short-term price channel, this is an uptrend in which the medium-term trend at the price channel is also an uptrend channel, in addition, EMA21 is also the current main support. On the other hand, the Relative Strength Index (RSI) is also in an uptrend channel, which shows that gold is also in an uptrend in terms of momentum, and a signal for a possible downward correction in terms of momentum can only occur when the RSI folds downwards below 80. As long as gold remains in the price channel, it is still in an uptrend in the short term, and the notable positions for the day will be listed as follows. Support: 3,135 – 3,106 – 3,100 USD Resistance: 3,172 USD SELL XAUUSD PRICE 3171 - 3169⚡️ ↠↠ Stoploss 3175 →Take Profit 1 3163 ↨ →Take Profit 2 3157 BUY XAUUSD PRICE 3098 - 3100⚡️ ↠↠ Stoploss 3094 →Take Profit 1 3106 ↨ →Take Profit 2 3112
The Aussie (AUD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6324 which is an overlap resistance that aligns with the 78.6% Fibonacci projection. Stop loss is at 0.6370 which is a level that sits above the 127.2% Fibonacci extension, 100% projection and a swing-high resistance. Take profit is at 0.6264 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.
? 1. Price Trend SHIB is currently trading inside a descending channel, capped by a major downward trendline (black line). Price is approaching a strong support zone around 0.00001150 – 0.00001200, aligning with the 0.786 Fibonacci level (0.00001503) — a common area for bullish reversals. ? 2. Technical Indicators ✅ RSI (Relative Strength Index) RSI is at 34.17, close to the oversold zone (30). Slight bullish divergence between RSI and price suggests a potential upcoming bounce. ✅ MACD MACD line is starting to cross above the signal line from below → bullish crossover. Momentum is still weak, but this is often an early sign of trend reversal. ✅ WTO (Wave Trend Oscillator) WTO is curving upwards, and green histogram bars are forming. This signals early buy pressure and potential for an upside move. ✅ Cluster Algo The main line is turning up from the lower band. The appearance of green dots under the oscillator suggests early accumulation and a possible trend reversal. ☁️ Ichimoku Cloud Price is trading below the Kumo cloud, meaning the overall trend is bearish. However, the cloud is thin ahead → potential breakout zone if buyers step in. ? Fibonacci Retracement (from top to bottom) Key resistance levels: 0.786: 0.00001503 (close to current price, possible bounce) 0.618: 0.00002153 (major resistance) 0.5: 0.00002609 (midpoint target) These levels act as potential resistance targets if price begins to recover. ? Summary Table Factor Signal Price Trend Bearish (within downtrend channel) RSI Near oversold, bullish divergence MACD Bullish crossover, early momentum WTO Upward signal, green bars forming Cluster Algo Green signals appearing, bullish lean Ichimoku Still bearish but near breakout area Fibonacci Near 0.786 support – reversal potential ? Suggested Scenarios: Short-term: Possible technical bounce toward 0.000015 – 0.000017 range. Mid-term: If SHIB breaks the descending channel, targets may extend to 0.0000215 (Fibo 0.618) and 0.000026 (Fibo 0.5). Long-term: A proper reversal needs confirmation via breakout above the Ichimoku cloud and trendline resistance.