Break or Bounce? EUR/USD OpportunityHi Traders! The price is in a descending channel and is testing the lower boundary.
🔹 Scenarios:
Buy if it breaks above 1.0845, with a stop loss at 1.0790 and targets at 1.0870, 1.0900, and 1.0950.
Sell if it breaks below 1.0780, with a stop loss at 1.0830 and targets at 1.0750, 1.0720, and 1.0700.
📊 RSI is in the oversold zone—a potential bounce is possible! Watch the price action closely.
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⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trade at your own risk.
Chartanalysis
Meta: Further DownwardWe locate the META in a broader wave IV correction, which should unfold in a three-part - - structure. The current wave should push the price below the key support at $547.57. Once that level is broken, we anticipate a corrective rebound during wave , which should temporarily lift the price back above $547.57. The wave top should be followed by wave , which is expected to complete the overall correction with a final low inside the beige Target Zone between $491.53 and $414.50. This bottom should mark the end of wave IV. However, if the stock instead breaks out to the upside and overcomes the resistance at $740.91, we will have to expect a new high in wave alt.III before wave IV resumes its downward course (30% probability).
Silver's Limited Rebound at $33.06Posting a modest rebound after last week’s dip, silver currently trades around $33.06 per ounce. The recovery is limited as easing geopolitical tensions compete with the pressure from a strong U.S. dollar. Demand stays strong due to tariff uncertainty and inflation risks, but weak industrial outlook, mainly from China, and hopes for a Russia-Ukraine ceasefire are limiting silver’s gains. Still, tightening supply and global economic concerns are helping keep silver near five-month highs.
If silver breaks above $33.75, the next resistance levels are $34.05 and $34.85. On the downside, support is at $33.10, with further levels at $32.50 and $32.15 if selling pressure increases.
Ukraine Talks and Gaza Tensions Influence XAUUSD Gold dipped to around $3,015 per ounce as hopes for a Russia-Ukraine peace deal grew after talks between Ukrainian and U.S. officials. Further negotiations with Russia are expected later today.
Despite the drop, gold remains supported by the tension over U.S. tariffs and Fed rate cut expectations. The Fed kept rates steady last week while signaling two potential cuts this year. Meanwhile, geopolitical pressures remain high as Israel resumed airstrikes on Hamas targets in Gaza.
Key resistance stands at $3082, with further levels at $3100 and $3,150. Support is at $3000, followed by $2,980 and $2,916.
Dollar Pressure Support GBP/USD at 1.2915GBP/USD is trading around 1.2915, supported by a weaker U.S. dollar and steady investor sentiment. The pound benefits from political stability and steady UK economic expectations with the focus on the upcoming April 2 U.S. tariff announcement. The pair is rebounding from recent lows but remains range-bound as traders await new drivers, especially from U.S. trade actions and global growth indicators.
If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases.
Yields Weigh on EUR/USD: Euro at 1.0820EUR/USD is trading around 1.0820 on Monday, rebounding slightly from last week’s low of 1.0795. The euro has pulled back from its recent high of 1.0955 with uncertainty over Germany’s fiscal policy and rising global trade tensions.
Caution persists before the April 2 announcement of new U.S. tariffs, which could weigh on the eurozone. Despite the modest recovery, the euro remains under pressure from stronger U.S. Treasury yields and demand for the dollar.
Key resistance is at 1.0860, followed by 1.0950 and 1.1000. Support stands at 1.0800, with further levels at 1.0730 and 1.0670.
STRONG REVERSAL COMMING FROM NEW ATH ALERT!📈 Description:
This is a 2-hour timeframe analysis of Gold, the market is currently consolidating between a strong support zone 📉 and a weekly high resistance level 📈. Two possible breakout scenarios can be expected:
✅ Bullish Scenario: If the price holds the strong zone at 3028 and gains momentum, it may break out above the weekly high 🚀.
❌ Bearish Scenario: If the price breaks below this strong support zone i.e 3028, it could trigger a downward move toward a lower support level 📉.
👀 Traders should watch for breakout confirmations before entering trades! 📊📉📈
follow risk management
GBP/USD 4H Analysis – Bearish Breakdown SetupThis chart presents a bearish trading setup for GBP/USD on a 4-hour timeframe from OANDA.
Key Observations:
Ascending Channel Breakdown: GBP/USD was previously trading inside an ascending channel, but it has now broken below support, signaling a potential downtrend.
Retest Level: The price is currently retesting the broken support at 1.29645, which may act as a new resistance.
Resistance Zone: The key resistance level is at 1.30261, marking the last swing high before the breakdown.
Bearish Target: The expected downside target is at 1.26827, aligning with a previous demand zone and support level.
Trading Plan:
Entry: Consider short positions after rejection from the 1.29645 retest.
Stop Loss: Place above 1.30261 to avoid false breakouts.
Take Profit: First target at 1.26827, with the possibility of further downside.
Market Outlook:
If the price fails to reclaim the broken support and starts dropping, it could confirm a bearish trend continuation, making this a strong short setup.
Bitcoin Breakout: Potential Rally Towards $110K!"Key Observations:
Descending Channel: The price has been moving downward within a channel, showing lower highs and lower lows.
Support Level: Marked near $79,912.83, where the price recently bounced.
Breakout Scenario: BTC appears to be breaking out of the channel, suggesting a potential bullish trend.
Target: The projected target is $110,146.67, indicating a significant upward move.
Stop Loss: Positioned below the support level to manage risk in case of a price reversal.
Trading Idea:
A long trade setup is suggested, with entry upon confirmation of the breakout.
Stop-loss below the recent low ($79,912.83) to minimize risk.
Profit target near $110,146.67, aligning with previous resistance levels.
This setup follows a classic breakout and retest strategy, expecting bullish momentum if Bitcoin sustains above the resistance zone.
#VANAUSDT is forming a confident bounce from key levels📉 LONG BYBIT:VANAUSDT.P from $8.180
🛡 Stop loss $8.000
1H timeframe
❗️Before entering the trade, closely monitor the levels. If the price consolidates above $8.180 with volume, this confirms the entry signal.
✅ Overview BYBIT:VANAUSDT.P :
➡️ On the chart, we can see that after a downward movement, the price formed a local bottom around $8.000, followed by an upward impulse.
➡️ A structure resembling a reversal pattern has appeared: the price broke through a slanted resistance (blue line) and consolidated above $8.180, indicating weakening sellers.
➡️ The price is now moving toward a resistance zone marked as POC (Point of Control) at $8.353, which could be the first target.
➡️ The entry is set at $8.180, aligning with the breakout level, supported by increasing volume and a short-term uptrend.
The volume profile on the left shows a low-liquidity zone above the current price (between $8.345 and $8.590), which may allow the price to quickly reach the TP levels.
🎯 TP Targets:
💎 TP 1: $8.345
💎 TP 2: $8.590
💎 TP 3: $8.775
⚡️ Plan:
➡️ Monitor the price reaction at TP1 ($8.345) — a pullback is possible. It’s recommended to close part of the position.
➡️ Wait for confirmation of the breakout above $8.180 (already happened, price is above).
➡️ Enter LONG after a retest (with volume) — in this case, the retest has already occurred, and the price is moving up.
➡️ Place the stop below the last low — at $8.000.
BYBIT:VANAUSDT.P is forming a confident bounce from key levels, and if it holds above the entry zone, we expect an upward movement!
American Express: Room to Fall FurtherWhile it’s possible that we’ve already seen the low of the beige wave a, we’re not fully convinced. For now, we prepare for another potential decline toward the support at $222.03. That said, the stock should reverse well above this level and begin to rise again as part of the beige wave b, which should provide strong upward pressure. Once this corrective rebound is complete – well below the resistance at $345.03 – the final leg of the wave (IV) correction should bring the stock down into our blue Target Zone, which spans from $205.35 to $167.99. This price range is well-suited for long entries. However, reaching this Target Zone is not guaranteed. We still have to account for the possibility that the upcoming (or perhaps already settled) low may mark the end of the blue wave alt.(IV). But this 31% likely alternative scenario would only be confirmed by a breakout above the resistance at $345.03.
Silver Steadies Near $33.20 After PullbackSilver hovered near $33.20 on Friday morning after two consecutive sessions of decline. The recent upward momentum, initially fueled by China’s stimulus measures, has temporarily stalled. Nevertheless, the potential for further gains remains intact amid persistent uncertainty surrounding former President Trump’s tariff policies and escalating geopolitical risks. In addition, the Federal Reserve’s soft approach to interest rates, even if temporary, continues to support interest in non-yielding assets like silver.
If silver breaks above $33.75, the next resistance levels are $34.05 and $34.85. On the downside, support is at $33.10, with further levels at $32.50 and $32.15 if selling pressure increases.
Gold Nears $3,030 on Fed Cut HopesGold hovered near $3,030 on Friday, close to record highs and heading for a third straight weekly gain. The rally is driven by dovish Fed signals and strong safe-haven demand. The Fed reaffirmed plans for two rate cuts in 2025 amid rising economic uncertainty, while Powell downplayed Trump’s proposed tariffs as temporarily inflationary but saw no urgency to cut rates.
Geopolitical tensions also supported gold, with Israel escalating operations in Gaza, Hamas striking Tel Aviv and the U.S. continuing airstrikes in Yemen. Markets are also watching the April 2 deadline for Trump’s reciprocal tariffs, fueling trade concerns. Gold is up over 15% year-to-date.
Key resistance stands at $3082, with further levels at $3100 and $3,150. Support is at $3000, followed by $2,980 and $2,916.
GBP Retreats as BoE Maintains PolicyThe pound dipped below $1.30, retreating from a four-month high after the BoE held rates at 4.5% and signaled a cautious approach to easing policy, despite recent inflation progress.
Global trade tensions added pressure, with new U.S. tariffs prompting retaliatory moves and raising inflation risks.
UK data showed weak growth, steady 4.4% unemployment, and wage growth easing to 5.8%, in line with forecasts. In the U.S., the Fed kept rates steady but reaffirmed plans for two cuts this year.
If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases.
Lagarde Flags Slower Growth from U.S. TariffsThe euro fell below $1.085, retreating from its March 18 high of $1.0954, after ECB President Christine Lagarde warned of slower growth risks. Speaking to European lawmakers, she said a proposed 25% U.S. tariff on EU goods could cut eurozone growth by 0.3 percentage points in the first year, or 0.5 points if the EU retaliates. Lagarde added that the main impact would be front-loaded, with limited inflation pressures, suggesting the ECB is unlikely to raise rates in response.
Key resistance is at 1.0860, followed by 1.0950 and 1.1000. Support stands at 1.0800, with further levels at 1.0730 and 1.0670.
Yen Slips to 149 as Inflation EasesThe yen fell to around 149 per dollar on Friday, ending a two-day rally, after Japan’s core inflation eased to 3% in February from 3.2% in January, still above expectations of 2.9%. This marked the second month of stronger inflation, reinforcing the case for future rate hikes.
Earlier, the BoJ held rates at 0.5% and maintained a cautious stance, citing global uncertainties, particularly rising U.S. tariffs. The bank also reiterated its focus on monitoring currency moves. A stronger U.S. dollar further pressured the yen amid global growth and trade concerns.
Key resistance is at 150.30, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.
Gold (XAUUSD) H1 Chart Analysis with D1 Doji Candlestick InsightGold (XAU/USD) H1 Chart Analysis with D1 Doji Candlestick Insight
1. **Resistance Zone ($3,050 - $3,060)**
- Gold is currently testing a **resistance level** around $3,050.
- A clear **break and hold above this level** could push prices towards $3,070 or higher.
2. **Support Levels to Watch:**
- **Immediate support:** $3,040 (near 21 EMA)
- **Stronger support zone:** $3,030 (highlighted in red on the chart)
- **Major support level:** $3,020 (Key demand area)
3. **Doji Candlestick on D1 Indicates Possible Pullback**
- Yesterday’s **Doji candle on the daily timeframe (D1)** signals **market indecision** and a possible **retracement** before a continuation.
- If today's session follows with a bearish close, Gold may **reject the resistance zone** and fall towards the **$3,030 - $3,020 support area**.
4. **Bullish & Bearish Scenarios:**
- **Bullish:** If price breaks **above $3,050** and holds, we could see a rally towards **$3,070 - $3,080**.
- **Bearish:** Failure to hold above **$3,050** and a break below **$3,040-$3,030** could confirm the Doji signal, leading to a deeper correction.