I could be wrong but I think Mexico has a weaker bargaining power over US in the tariffs matter. As such, I would expect its currency to weaken against the USD sooner/faster than the Canadian dollars. Day chart shows 20.83 resistance level - if this cannot be break up, then I expect it to falter and get shot down fairly soon. Please DYODD
-Bullish Golden Cross -Indicators Bullish -Major 0.65 Fib Support -IH&S / C&H -⏰$182.55⏰⬆️⬆️
Everything is on the chart Take Profit at 61.8-78.6% Fib Level Goodluck
Based on chart, there is potential downside for EURUSD going forward until mid 2025 or longer as long as the weekly bearish channel hold. We may stop trading the said direction if weekly candle breaks upwards (closes) outside the bearish channel. This is a longer time frame (TF) (1W graph) directional idea. What y'all think? Give your comments down below?
When viewed from the monthly chart, I realised it takes approximately 4-5 years for the price action to reach the peak level, around 1.46. There are many comments online saying that Canada should counteract with imposing tariffs on its energy to US and so on. Who's right , who's wrong ? I also dunno. I am awaiting for a good opportunity to short this pair , how about you ?
The correction here reveals that all the selling has already been done. And this is good, because once the selling is over we can expect prices to grow. This pair, STPTUSDT, can easily give 100% without considering a new high. A new high will happen because we have a higher low and we are in bull-market year. So short-term there can be fast growth but long-term there can be strong growth. You can choose to buy and sell just as you can choose to buy and hold. Opportunities are endless. A portion of your capital can be used for short-term trades, while another portion can be used for long-term trades. An even smaller portion can be used for leveraged trades. The major portion of your capital should be on strong projects, spot, focused on the long-term. That's the way to succeed in this market. Is it? Thank you for reading. Namaste.
Reverse H&S with a bullish flag pattern forming on the 1H. New white paper = strong fundamentals and promising potential. Just need some steady buy volume to come in before I see an aggressive move to 0.03400 levels and beyond. What do you think?
Cardano's correction exceeds 60%. This pair went through a really major flush, yet, we still have a very strong higher low. A major crash such as we witnessed just now is not all bad news. Actually, this is great news because a new opportunity develops for all those that missed the train. Cardano peaked the 3rd of December 2024, more than two months ago. The bigger part of the correction is over, what is left now is only a short period of consolidation before a new phase of growth. We have a higher low and thus a higher high next. The previous peak happened at 1.32, the next one can go beyond 8 if we consider the long-term. Short-term targets can be found on the chart. The correction wick low challenged the 0.786 Fib. retracement level but closed above 0.618. This is good. ➖ Elliott Wave The correction developed as a classic ABC (Wave 2 of a higher degree). Preceded by a 5 up-wave pattern (Wave 1 of a higher degree). What follows an ABC correction is a new bullish impulse. A new bullish impulse means five waves up. This five waves up would be equal to wave 3 of a higher degree. Which means that after the next bullish jump we get another correction (Wave 4) followed by one final jump, the fifth wave. This fifth will also develop as a 1-2-3-4-5 pattern. Thank you for reading. Namaste.
Analysis: 1. Technical Analysis: • Daily Chart: A strong bullish trend with higher highs and higher lows. RSI above 70 indicates overbought levels, but momentum remains intact. The MACD shows bullish momentum. • 15-Minute Chart: Clear bullish structure with a potential consolidation phase forming. MACD indicates bullish crossover while RSI remains neutral around 51. • 3-Minute Chart: Minor pullbacks visible, but the structure remains bullish with price trending above key moving averages. 2. Fundamental Analysis: • Recent market sentiment suggests safe-haven demand for gold due to potential economic uncertainty. • USD remains vulnerable amid Federal Reserve dovish tones. Trade Idea: Long Position Entry: 2865 (current minor support level) Stop Loss (SL): 2850 (15 points below entry) Take Profit (TP): 2895 (2:1 RRR, 30 points above entry) This setup offers a strong likelihood of success given the continuation of the current bullish trend and market conditions supporting gold prices.
FX:USDJPY USD/JPY Technical Analysis (Daily Chart) Trend Structure: The chart shows a trend shift from bullish to bearish. Higher Highs (HH) and Higher Lows (HL) previously indicated an uptrend. However, recent Lower Highs (LH) and Lower Lows (LL) confirm a bearish structure. Support & Resistance Levels: Immediate Support (Target Price 1): 151.316 – This level is being tested. Major Support (Target Price 2): 149.592 – 150.000 – If 151.316 breaks, the price may drop further towards this zone. Moving Averages: Price has broken below both moving averages. Trendline Break: The rising trendline has been broken, confirming a bearish breakout. Trade Outlook: ? Bearish Bias – No Buy Signal If 151.316 support breaks, expect a move towards 149.592 – 150.000. Strong resistance above 153.000, meaning any bounce could be a shorting opportunity.