I guess I might be jumping on the Bandwagon. Everything is growing with this one! Year over yr it's exploding, will this have a Zoom like fall? or a Monster rally? Time will tell and the dip makes this look like a great to start loading up.
Sorry to rain on your parade but this party is over. I would absolutely short this around 90k.
NZDCAD has reached the support and many times is rebound form here and I believe that it will move up again as seen form the graph.
Considering the price reaching the four-hour order block and reaching the low of the 15-minute structure and seeing signs of a pullback, the price could probably reach the 1.08214 range on an intraday basis.
The ride continues.... It can go up or it can go down 400 - 200 is the current range, while I think and hope that next quarters numbers are going to come in low. It's all going to come down to what happens when FSD launches middle of this year. Will this be a world changing moment? Or a somewhat disappointing take rate with crappy numbers...
Good Evening and I hope you are well. comment: Big day for the bulls tomorrow. US markets rallied hard while this closed neutral but the rejection above 23300 made this day good for the bears. Bulls need to stay above 22954 and bears below 23200. current market cycle: trading range key levels: 22900 - 24000 bull case: Bulls have no more room to the downside. Either break above again or go down. Above 23300 we test 23500 and maybe higher but for now the battle is fought between 22900 and 23200. Bulls are still in control since the bull channel is alive and well. They have closed above the daily 20ema and have also six 1h bars with big tails below 23100. Problem though is that six is a bit much. They need to rally hard tomorrow or at least stay above 23100. Invalidation is below 23000. bear case: Bears printed a good rejection above 23300 and had 3 legs down while the third one made a double bottom, which is not good for them. Structure below 23100 looks better to buy and not to sell. If they keep it below 23200, they could poke 23000 a bit more and maybe more bulls will give up but for now it’s a big maybe. Market is still always in long until we have consecutive daily closes below 23000. Best bears can hope for is to continue to print lower highs below 23374. Invalidation is above 23400. short term: Slightly bullish bias around 23100 with stop 23954. I want to see a new ath and then a huge rejection from maybe 24k, which should align with my guess for the big second leg down in us markets. Still a rough guess for now. medium-long term from 2024-03-16: Germany takes on huge amount of new debt. Dax is rallying hard and broke above multi-year bull trends. This buying is as real as it gets, as unlikely as it is. Market is as expensive as it was during the .com bubble but here we are and marking is pointing up. Clear bull channel and until it’s broken, I can not pound my chest and scream for lower prices. Price is truth. Is the selling around 23000 strong enough that we could form a top? Yes. We have wild 1000 point swings in both directions. Look at the weekly chart. Last time we had this volatility was 2024-07 and volume then was still much lower. We are seeing a shift from US equities to European ones and until market closes consecutive daily bars below 22000, we can’t expecting anything but sideways to up movement. current swing trade: None trade of the day: Buying Globex open was easy but selling was hard. Bears surprised me multiple times. Bad trading on my part today.
(1/9) Good evening, everyone! ? USDCAD – Dollar Dominance or Canadian Comeback? With USDCAD at 1.43180, is the US dollar’s reign continuing, or is the Canadian dollar poised for a resurgence? Let’s dive into the currency markets! ? (2/9) – PRICE PERFORMANCE ? • Current Rate: 1.43180 as of Mar 24, 2025 ? • Recent Move: Up from 1.3700 in Apr 2024, showing US dollar strength ? • Sector Trend: Currency markets volatile, driven by economic indicators and policies ? It’s a dynamic market—let’s see what’s driving the dollar’s dominance! ⚙️ (3/9) – MARKET POSITION ? • Exchange Rate: USDCAD reflects USD value against CAD ? • Coverage: Influenced by interest rates, economic growth, commodity prices ⏰ • Trend: US dollar strengthening, CAD weakening, per price movement ? Firm in its position, but can the CAD make a comeback? ? (4/9) – KEY DEVELOPMENTS ? • Interest Rates: US rates higher than Canada’s, attracting investment to USD ? • Commodity Prices: Potential drop in oil prices weakening CAD, per data ? • Economic Growth: US economy outperforming Canada, per reports ? These factors are stirring the pot! ?️ (5/9) – RISKS IN FOCUS ⚡ • Interest Rate Changes: Fed or BoC policy shifts can alter the landscape ? • Commodity Market: Volatility in oil and other commodities affects CAD ? • Global Economy: Economic slowdowns or recoveries impact currency values ❄️ It’s a risky dance—watch your steps! ? (6/9) – SWOT: STRENGTHS ? • US Dollar: Higher interest rates, safe haven status, strong economy ? • Canadian Dollar: Supported by commodity exports, diversified economy ? Both have their strengths, but the balance tips towards USD currently! ? (7/9) – SWOT: WEAKNESSES & OPPORTUNITIES ⚖️ • US Dollar Weaknesses: Potential overvaluation, trade tensions ? • Canadian Dollar Opportunities: Rising commodity prices, tech sector growth ? Can CAD turn the tables or will USD continue to dominate? ? (8/9) – POLL TIME! ? USDCAD at 1.43180—your take? ?️ • Bullish on USD: 1.50+ soon, dollar’s dominance continues ? • Neutral: Sideways movement, risks balance out ⚖️ • Bullish on CAD: 1.40 below, Canadian dollar rebounds ? Chime in below! ? (9/9) – FINAL TAKEAWAY ? USDCAD’s 1.43180 price reflects US dollar strength ?, but CAD has its own aces up its sleeve. Strategic trading could be key to navigating this pair. Gem or bust?
WULF breakout and backtest Bullish Not financial advice
? LONG BYBIT:ETHUSDT.P from $2102.90 ? Stop loss at $2083.00 ? Timeframe: 1D (Mid-term idea) ✅ Overview: ➡️ BYBIT:ETHUSDT.P Falling Wedge breakout confirmed on the daily chart. ➡️ Successful retest of the $1,955–$2,041 zone. ➡️ Holding above $2,101 opens the way to higher levels. ➡️ Volume is increasing post-breakout — confirming buyer interest. ➡️ Next strong resistance block lies between $2,308–$2,522. ? TP Targets: ? TP 1: $2112.00 — nearest resistance and key liquidity zone. ? TP 2: $2125.00 — a critical daily level, zone of pullback from previous drop. ? TP 3: $2134.00 — potential impulse target toward major POC ($3,373). ? If price fails to hold above $2,068 and breaks below $2,041 — the setup is invalidated. ? A retest of $2,101 from below may be needed before a stronger upward move. ? Volume support at $1,955 is critical for the bullish case. ? BYBIT:ETHUSDT.P is forming a potential mid-term reversal — if price holds above $2,101, a move toward $2,200+ and beyond is expected.
NZDJPY - 24h expiry The primary trend remains bearish. We look for a temporary move higher. Preferred trade is to sell into rallies. The RSI is trending higher. Bespoke resistance is located at 86.55. We look to Sell at 86.55 (stop at 86.95) Our profit targets will be 84.95 and 84.70 Resistance: 86.70 / 87.15 / 87.65 Support: 85.20 / 84.75 / 84.40 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.