https://www.tradingview.com/x/sKL3xKze/ Hello, Friends! EUR/CHF is trending up which is clear from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 0.963. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
EICHERMOT is good for Positional trade setup forming higher high and higher lows. Target is the trend line
Recent data from Forex Factory indicates that the British Pound (GBP) is under pressure due to weak domestic economic figures and prevailing uncertainty. In contrast, the New Zealand Dollar (NZD) is benefiting from robust commodity-related fundamentals. The latest Commitment of Traders (COT) report reveals that large speculators have been reducing their net-long positions in GBP futures, signaling a bearish sentiment toward the pound. Combining these factors, the near-term outlook for GBP/NZD appears bearish. Traders should monitor key support levels, as a breach could lead to further declines. However, any unexpected positive developments in UK economic data or shifts in global risk sentiment could provide temporary support for the pair. Expecting Long first then short
The USDJPY is approaching a premium level of price around 152.449.... which could be a Bearish sentiment and a opportunity for traders so therefore I'm going short when price gets to 152.449.
GBP is strongly bullish across all board. Price maintains it’s bullish strength as we recently had a rebound around the pullback support of 1.13147 I anticipate buyers to continue pushing the price higher.
possibility bottoming of btc. with this kind of uncertainty condition in general market, btc could be sideways for few weeks before the last pump. allign with monthly stochastic that always crossing up before rally. possible rally in mid april?
This will be the last upside massive run for Bitcoin in my mind. Look at the RSI and price action.
Price recently rebounds at the support level of 2.23243 we may likely continue to see bullish price action developments in coming days. Ahead of GBP inflation rate report and good trade balance report set to be released in coming days of the week, we anticipate bullish price action to continue surging higher.
XAUUSD roadmap: The expected scenario is shown by the arrows, but the EN level are important. If these lines are crossed (even by 1 pip) , the scenario will change. OANDA:XAUUSD
Gold is currently in a major Elliott Wave cycle (1-2-3-4-5). Wave (3) is targeting around $3,302. Wave (5) is projected to reach around $4,164 (aligned with the 2.618 Fibonacci extension). Key Support & Resistance Levels $2,441: Potential support area for wave (4) after wave (3) completes. $3,302: Resistance zone for wave (3) target. $4,164: Long-term target for wave (5). $2,020: Strong long-term support if a deep correction (WXY corrective structure) occurs. Ichimoku Cloud Thick Ichimoku cloud, with both Kijun and Tenkan lines trending upwards, confirming a strong bullish trend. Price is currently above the cloud, supporting the idea that wave (3) is still unfolding. Primary Scenario 2025 - 2027: Wave (3) could reach the $3,302 area. A correction might follow towards $2,441 for wave (4) before heading into wave (5) targeting $4,164 around 2030 - 2032. Alternative Scenario If wave (5) fails or the market does not hold $2,441, a larger WXY corrective pattern may form, pushing the price down to $2,020 before finding a strong rebound. Strategy Recommendation Long-term (2025 - 2032): Favor holding gold for targets between $3,302 - $4,164. Short-term (2025 - 2027): Consider partially taking profits around $3,300 when wave (3) finishes and prepare for wave (4) pullback. Notes Closely monitor price action near key levels mentioned above. Keep an eye on macroeconomic indicators (U.S. interest rates, inflation, USD Index) as they heavily influence gold trends.