Since my previous idea on the ZAR the SA budget speech ended in shambles after a failed attempt to increase VAT for 15% to 17% and the latest SA CPI figure crept higher to 3.2% in January. In terms of international relations, the vibe between the US and SA has continued sour which also does not bode well for the ailing rand. The above-mentioned factors strengthened the support rate at 18.30 and the pair has climbed back above the 50-day MA at 18.59. A host of strong data prints from the US and a bounce in the DXY also did not do the rand any favors at the back end of last week. The headlining events for this week is the ECB interest rate meeting and the NFPs for February. Market expectations are for the ECB to cut rates from 2.9% to 2.65%. The ECB has held a more dovish stance than the Fed since the rate cutting cycle began and if it’s more of the same on Thursday, I expect the DXY to find strong footing which will not be rand positive. Additionally, a strong NFP print will also support a stronger dollar. Technically the pair does seem to be overbought on shorter timeframes however on the daily the RSI does have room to move higher which could allow the rand to slip further towards the psychological resistance at 19.00 if the above-mentioned events play out against the rand’s favor. A failed break below the 50-day MA will be the first indicator that the rand’s early year recovery has hit the wall, paving the way for a re-test of 19.00.
Gold trading at 2866.xx It failed to hold above suggested weekly levels 2953/2958 by making high that was expected weekly resistance on long term charts that achieved low of 2832 on last Friday. Now as per H4 charts gold is changing bullish direction that started on Jan 2025 to corrective or sideways direction with expected resistance around 2907/2916 that limit the upsides upon test and correct gold further to 2839/2831 that is my initial Goal now. Please note failing to hold 2831/2830 may open 2790/2756. Buyers should work with cautions
? The BTC Price Bounced From 1.272% Level And YesterdayWe Had a Perfect Breakout From Crucial 92k Resistance Level, By This Breakout I Can Say 78k Was a Bottom For Wave C And By Breakout The 97k Trend Line New Bullish Move Toward a 130k Will Start
well dumb bears could hold it on friday. We are long buy everything, and lets start taking this to Olimpus, Vahalla, or any paradise you wish.
? New Long Position Opened! ? Pair: AIX/USDT (1H) ? Entry: $0.2230 ? Target: $0.2485 ? Stop Loss: Below $0.2115 I'm currently long on AIX/USDT as price is trending inside an ascending channel. Why This Trade? ✅ Price is respecting the lower trendline of the channel. ✅ MACD is still bullish – momentum is on my side. ✅ RSI is bouncing from mid-levels, showing buyers are stepping in. ✅ Volume is picking up, confirming the move. ? What I'm Watching: ? If price holds above support, I expect continuation towards my target. ? If we see a break below the trendline, I'll be ready to cut the trade early. Risk is managed, now let's see how this plays out! Let me know if you're in too. ?? #Crypto #Trading #TechnicalAnalysis #LongSetup #CryptoTrading
As we enter a new week in the market, it's important to note that last week, Gold (XAU/USD) faced significant selling pressure and reached its previous support zone between 2835 and 2830, but it didn't break through this level. Currently, we're analyzing a potential bullish move, with a target price (TP) in the 2890 to 2895 range. After reaching this price, Gold will likely face a key decision point, determining its next direction. Our analysis suggests that Gold may experience a decline after reaching 2895. Therefore, you can consider taking a buy entry, targeting the 2895 area. Please note that this is just our analysis for informational purposes and not a trading signal. Thank you.
Key Resistance Levels: $221, $215 Key Support Levels: $188, $184 Bull Case The stock has been on a consistent upward trajectory since late 2022, forming higher highs and higher lows.The trend remains intact unless it breaks major support levels. If AMZN holds above $215, it could retest the $221+ resistance zone and push toward new highs.May target $230+ if momentum continues. The 38.2% Fib retracement (~$195) held as strong support.If AMZN stays above $212–$215, we could see a higher breakout. Bear Case AMZN has retraced from recent highs (~$243), showing some weakness.A failure to reclaim $215 could trigger further downside. If AMZN breaks below $188–$184, it could trigger a larger correction to $168(Fib 0.786). Heavy volume in the $125-$135 range suggests strong historical buying interest, but it’s far below. Final Verdict Bullish Bias Above $215: If AMZN holds above this level, expect a push to $221–$230. Above $231 we can expect $254. Bearish Below $188: A drop below $188 could lead to further selling down to $165–$160. Best Trading Approach Agressive Bulls :- Buy dips near $202.51 with stop loss of $199 Conservative Bulls:- $188–$184 with stop-loss below $180. Bears: Wait for a breakdown below $184 before shorting. NOT FINANCIAL ADVICE
? USD/JPY 1H – Smart Money Outlook ? Key Levels & Setup: ✅ Demand Zone: 150.115 - 150.307 ✅ Fair Value Gap (FVG) suggesting bullish imbalance ✅ Fibonacci Levels aligning with entry confirmations ? Trading Plan: ? Potential Long Entry near 150.115 - 150.307 ? Targeting liquidity at 151.308 ? Confirmation: Price respecting demand & bullish BOS #USDJPY #SmartMoneyConcepts #OrderBlock #LiquiditySweep #FVG #BreakOfStructure #ForexTrading #PriceAction
Cardano grew by 18,352% between March 2020 and August 2021. The highest volume came in on the third wave and we ended with a truncated five. Seeing this performance in the last bull-market, we can aim high. Instead of being too conservative and making the same mistake as always, aiming too low, let's aim higher because we know that Cryptocurrency has huge potential, it is new and young. From current price to $10.5 we are looking at ~895% potential. From the August 2024 bottom to the same target we have some 3,770%. I think that with the current size Cardano has now such total growth might be reasonable, but the market is not reasonable. We don't know the meaning of a "Crypto Strategic Reserve." We don't know what it means, in turns of prices and numbers, many nations buying Crypto. We can end up with a bull-market that is hundreds of times stronger than anything we've seen before. In this case, all projections would breakdown and prices would go off the chart. I hope this happens. Since we cannot predict the unpredictable nor calculate based on assumptions, let's go with what we have. What is the chart saying, what are the potential targets and how will the bull-market unravel. We want answers to those questions. The targets are the ones seen on the chart. The minimum target for a new ATH based on conservative and standard calculations would equal $4.86. Short-term targets that will be hit within the next three months go as follows: $1.33, $1.66, $1.83, $2.00, $2.22, $2.66 & $3.49. A strong target and projection sits at $7.77 and a $10.58 is the next All-Time High if we have a great bull-market based on standard projections. The ultra-bullish scenarios we welcome and enjoy them if they show up but they are beyond this chart. The main support range after the Trump Pump sits between $0.9116 and $1.0094. If it goes lower, we have $0.8138 but I don't think lower is possible. This is for support if the market decides to shake. Remember, it is a long bull-market so there will be plenty of time for volatility to show up. Whatever happens, remember the bigger picture; we are going up. I always liked Cardano and I share many analysis and many charts so it is great to see that we have Trump's support. Our future is bright. If we are smart, we buy and we hold. Don't just think about next year or next month, consider 10 years into the future, maybe even 20 years... Think of the big tech companies. One can become rich with one project, one coin. Just as the old people from the 70s and 80s. We are approaching the bull-market of a new generation. No limits now, no barriers, no filters; everybody can join. Cryptocurrency, the stock market for the people. Thanks a lot for your continued support. Namaste.
There is a relatively strong support in the range of $115 - $106 for LTC. As long as the price remains above this range, we can expect a significant upward movement for LTC ??