USD/CAD has spent most of the past two weeks stuck on sell mode, after its short-lived rise to the 22-year high of 1.48 came crashing down thanks to tariffs being delayed. Due to bears closing shorts on CAD futures and bulls shying away from long USD bets, my core view is for USD/CAD down to 1.40, just above the 2022 high. But over the near term it shows the potential for a bounce towards 1.43. Last week's low stalled around a weekly VPOC and November high. A small bullish hammer and inside-day doji also formed around the 100-day EMA, while a bullish divergence also formed on the daily RSI (2) in the oversold zone. Bulls could seek dips towards the weekly VPOC in anticipation of a bounce to 1.4250, while prices hold above last week's low. At which point we can revisit its potential to roll over once more, in line with the core bias outlined above. Matt Simpson, Market Analyst at City Index and forex.com
Data is on the chart. The single most important indicator is the Volume. There are certain anomalies in the volume that can be attributed to wash trading in the beginning or the Covid. As you can see, since the early cycles, volume in price discovery has been steady. More importantly, the current volume in price discovery is still very low. There are lots of talks about how some mythical players are accumulating. For 21M of issuance, the volume is huge, IMO. !!! It is not trading advice, but an overview of the market in the past and the current situation. I do not advise investing in highly volatile markets like crypto unless you are prepared to mark losses.
We continue to expect the RBA to start its rate cutting cycle with a hawkish 25bp rate cut on Tuesday. Australian trimmed mean inflation surprised the central bank 20bp to the downside coming out at 3.2% YoY in Q4. On a 6M annualised basis, trimmed mean inflation is running close to the centre of the central bank’s 2-3% target band. Household consumption appears to be picking up following income tax cuts and the introduction of the government’s cost-of-living measures, but recent retail sales have been given a boost by Black Friday and Cyber Monday sales and consumption likely remains soft. While Australia’s labour market remains tight with an unemployment rate of 4%, the RBA will likely lower its estimate of NAIRU from 4.25% to around 4% given that wage inflation is coming off despite the stubbornly low unemployment rate. The central bank should also lower its inflation and growth forecasts to justify its rate cut. While the RBA may want to hold off for another quarterly inflation print to be more confident, inflation is coming sustainably back within its 2-3% target band, waiting until after the Q1 inflation data on 30 April would mean the central bank would be very likely be cutting rates during a Federal election. RBA Governor Michele Bullock will manage households’ expectations, however, in her press conference and parliamentary committee hearing later this week. She will point to a likely shallow rate cutting cycle for several reasons. First, rental inflation while coming lower as immigration slows is coming off high levels. Construction of rental properties is occurring at a snail’s pace. Second, fiscal policy will continue working against monetary policy during an election year, the ALP and opposition Liberal-National Party coalition (LNP) have already pledged over AUD10bn in additional spending; and the official election campaign has not even started. Third, trade frictions and tariffs generated by the administration of President Donald Trump will add to international inflation pressures in Australia. The US economy also remains robust and there is a growing risk of the FOMC not cutting rates any further. A strong US economy is good news for the Australian economy and will also limit RBA rate cuts. At 4.35%, the RBA’s cash rate is not far above the RBA’s central estimate of neutral of around 3.50%. With the market about 85% priced for a 25bp cut by the RBA this week, the kneejerk reaction in the AUD will be lower, but then the focus will be on Bullock’s rhetoric. We continue to look for just 75-100 bp worth of rate cuts by the RBA in 2025 and this is in line with current market pricing. Australian wages and labour market data out later in the week hold further volatility for the AUD.
This is the 3M timeframe for DNTUSD It has been trending for a long time along the middle of this indicator "Gaussian Channel" on the 3M timeframe. With a previous breakout from this level of 7000% I cant wait to see what the next breakout will be. Very good buy on this timeframe. Indicator analysis
Storj peaked late March 2021. In just one month it will be four years ago. The peak in November 2021, exactly eight months later, resulted in a lower high. The previous bull-market cycle lasted one year between March 2020 and March 2021. Total growth for STORJUSDT amounted to 8386%. The orthodox end of the bear-market happened in June 2022. We can say that the consolidation phase started after this date. From June 2022 until present day, February 2025, STORJUSDT has been sideways. The low in 2022 and 2023 is a higher low compared to 2020. The low in 2024 and 2025 is a higher low compared to 2023. We have long-term higher lows. A new All-Time High is possible in 2025. The story ends like this: There can be a new All-Time High in late 2025. Thank you for reading. Namaste.
Doge is currently within this channel and is looking to break out of it Similar positions along the channel are labelled 1,2 The curved line is the way I expect price to break out of the channel I don't have a target but I believe this is still bullish Monthly timeframe for Doge
The Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move.
I do believe Zillow will touch $98.04 then either push through, consolidate, or reverse. What are your thoughts?
Technical Analysis of ETHUSDT (4H Chart - OKX) Trend Analysis & Market Outlook The chart indicates a strong downtrend, with price recently attempting a recovery from the lower support zone. The 200 EMA (3,169.88 USDT) serves as a major resistance level. Bearish Supply Zones are present at 3,408.28 USDT and above, limiting potential upside. The 50 EMA is currently acting as support, which might indicate a short-term bullish trend. Key Levels & Trading Strategy Support Levels: 2,696.83 USDT 2,691.13 USDT 2,587.32 USDT (strong demand zone) Resistance Levels: 2,739.64 USDT (short-term resistance) 2,938.10 USDT (mid-term target) 3,169.88 USDT (major breakout level) Market Sentiment: Bearish Bias Below 3,169.88 USDT Bullish Confirmation Above 2,739.64 USDT with possible continuation to 2,938.10 USDT Risk Management & Trade Setup Bullish Scenario: If price holds above 2,700 USDT, it could test resistance at 2,739 - 2,938 USDT. Bearish Scenario: A rejection at 2,739 USDT may lead to another drop toward 2,587 USDT. Stop Loss (SL): Should be placed below 2,587 USDT to limit downside risk. Final Conclusion Short-term Outlook: Cautiously Bullish (as long as price stays above 2,700 USDT) Long-term Trend: Bearish (unless price reclaims 3,169 USDT) Best Strategy: Monitor price action at 2,739 USDT; breakout = bullish continuation, rejection = short opportunity. Would you like an in-depth risk-reward analysis for a potential trade? ?
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