Oscillators
ASX 200 Futures Stare Down Resistance Ahead of Pivotal ThursdayThursday looms as an important session for Australian ASX 200 SPI futures, with the price approaching a tough layer of technical resistance overhead.
Horizontal resistance at 8135, the 200-day moving average at 8142, and the October 2023 uptrend around 8180 all stand between a potential run back towards the record highs set earlier this year or a possible reversal towards 8000. The price has already broken below the uptrend established from the April lows, although the late fightback in overnight trade suggests bulls won’t give up just yet.
Momentum indicators continue to trend higher in positive territory, favouring a bullish bias that prefers buying dips over selling rips.
If price fails to break and close above the 200DMA, it creates an opportunity to establish shorts targeting a pullback to 8000, a psychologically important level. The 50-day moving average is also nearby at 7956. A stop above the 200DMA would protect against a continuation of the prevailing trend.
Alternatively, a break and close above the 200DMA would flip the setup, allowing for longs to be established with a stop below for protection. 8280—having acted as both support and resistance earlier this year—would be a logical upside target. Beyond that, a retest of the former record highs would be on the cards.
Good luck!
DS
Technical Analysis: Ethereum (ETH) — April 30, 2025📊 Outlook
Ethereum is trading in a tight range with slight upward momentum. Current RSI is neutral, and price remains above the 50-day SMA, hinting at a sustained bullish trend. The Fear & Greed Index supports this positive sentiment. A break above $2,000 could confirm bullish continuation, while a drop below $1,700 may shift sentiment to bearish.
📌 Analyst Note: Maintain bullish bias while ETH remains above $1,790.66. Monitor resistance at $2,000 for breakout confirmation.
🔍 Indicators
RSI (14): 51.60 — Neutral
SMA 50: $1,790.66 — Price slightly above → Bullish
30-Day Volatility: 4.97%
Fear & Greed Index: 61 (Greed)
Technical Sentiment: Bullish
📈 Levels
Next Resistance: ~$2,000
Next Support: ~$1,700
Short-Term Price Target: $1,804.35 by May 30, 2025
EURCAD Wave Analysis – 30 April 2025
- EURCAD reversed from resistance level 1.5880
- Likely to fall to support level 1.5495
EURCAD currency pair recently reversed down from the pivotal resistance level 1.5880 (which has been reversing the price from the start of July) intersecting with the upper daily Bollinger Band and the resistance trendline of the daily up channel from 2022.
The downward reversal from the resistance level 1.5880 created the weekly Shooting Star – a strong sell signal for EURCAD.
Given the overbought daily Stochastic and the strength of the resistance level 1.5880, EURCAD currency pair can be expected to fall to the next support level 1.5495.
NZDUSD Wave Analysis – 30 April 2025
- NZDUSD reversed from the resistance level 0.6020
- Likely to fall to support level 0.5800
NZDUSD currency pair recently reversed down from the pivotal resistance level 0.6020 (former top of wave 2 from November) intersecting with the 61.8% Fibonacci correction of the downward impulse from September.
The downward reversal from the resistance level 0.6020 started the active intermediate impulse wave (3).
Given the overbought daily Stochastic, NZDUSD currency pair can be expected to fall to the next support level 0.5800, the former resistance from March and the target for the completion of the active impulse wave 1.
GBPUSD Wave Analysis – 30 April 2025
- GBPUSD reversed from the long-term resistance level 1.3430
- Likely to fall to support level 1.3200
GBPUSD currency pair recently reversed down from the long-term resistance level 1.3430 (previous yearly high from last year) standing close to the upper daily and weekly Bollinger Bands.
The price also earlier reversed down from the resistance level 1.3430 creating the weekly Shooting Star last week.
Given the overbought weekly Stochastic and the strength of the resistance level 1.3430, GBPUSD currency pair can be expected to fall to the next support level 1.3200.
Kiwi in Trouble? Momentum Turns as NZD/USD Tests SupportTraders should be alert to a potential downside break in NZD/USD.
Sitting in a descending triangle and having printed a bearish engulfing candle on Tuesday, a clean break below .5930 would generate a setup where shorts could be established with a stop above the level for protection. The 200-day moving average screens as an initial target, with .5854 another after that.
Bullish momentum is waning with RSI (14) trending lower while MACD is curling lower. The momentum signal is therefore more neutral than bullish, putting increased emphasis on price action near-term.
Good luck!
DS
GBPJPY bearish move🔹 Pair / TF | GBP/JPY, 1 h → 15 m |
| 🔹 Bias | Bearish (selling the break of support) |
1. 📊 Key Levels
Level Price Role
R1 191.721 Major resistance (green)
Broken Support 190.65 (black line) Minor support → now resistance
R4 189.828 Next minor support
R2 189.355 Next major support
2. 🚨 Trigger
Price closes below the 190.65 support (black line) on 1 h, AND
200-hour MA (red) has just been rejected—sellers stepping in.
This decisive break flips 190.65 into new resistance.
3. ✅ Confirmation
RFI oscillator on 15 m dips below its rising trendline and fails to reclaim it.
Momentum is clearly bearish—no divergence or oversold reversal signal.
4. 🎯 Entry & Stops
| 🔶 Entry Zone | 0.19060–0.19050 (just below 190.65) | | 🔴 Stop-Loss | 0.19180 (above R1 at 191.72) ≈ 120 pips |
Place a Sell-Stop at 0.19055 (mid-zone).
Risk: 1–2% of account on ~120-pip SL.
5. 🎯 Profit Targets
Target Level Pips RRR
T1 R4 189.828 ~82 pips 1 : 0.7
T2 R2 189.355 ~125 pips 1 : 1
Scale out:
Exit ½ at T1.
Let the rest run to T2.
6. ⚙️ Trade Management
Move SL to breakeven once +40 pips in profit.
Monitor RFI on 15 m:
If RFI spikes above its trendline before T1, close remaining.
Adjust if you see large wicks or volume spikes into support zones.
7. 🔑 Rationale
Support→Resistance flip at 190.65 gives a logical entry & SL.
200-hour MA rejection confirms sellers overpowering buyers.
RFI confirms sustained bearish momentum.
High RRR (>1 : 1) ensures edge even with a moderate win-rate.
⚡ Highlight:
This is a bank-order-flow style fade—selling the break of minor support after a MA confluence test, riding momentum into larger support zones.
AUSSIE bearish move Short-setup: Breakdown of Support (AUD/USD)
Trigger: Price has decisively broken below R3 (0.63888) and the 200-hour MA (red) on the 1h chart.
Confirmation: RFI just dipped below its ascending trendline and failed to reclaim it—momentum is bearish.
Entry: Short at market 0.6385–0.6380 (just below R3).
Initial Stop: Above R1 (0.64395) ≈ 55 pips stop.
Targets:
T1: S1 (0.63436) (~40 pips → RRR ≈ 1 : 0.7)
T2: R4 (0.63308) (~55 pips → RRR ≈ 1 : 1)
⚡ Highlight: This is a bank-order-flow style fade—selling the break of minor support after a test of the 200-hour MA confluence.
🔑 Rationale
Support→Resistance flip at R3 gives logical entry & SL.
200-hour MA rejection confirms sellers overpowering buyers.
RFI confirms sustained bearish momentum.
High RRR (>1:1) ensures edge even with moderate win-rate.
EWTSU XAUUSD H4 minute wave ((5)) monitoring
Elliott wave trade setup H4
monitoring the start of minute wave ((5))
minute wave ((5)) should develope in 5 motive waves (impulsive/leading diagonal)
confirmation level: price break up steadly over 3350 area
invalidation level: price break steadly lower 3275 area
Bearish to fill demandAUDUSD current phase of consolidation ending soon. Will breakout one way or the other but I'm betting bearish.
Noteable supply one at top of consolidation, with massive liquidity grab above. Coming back into this supply after asia session 28th April.
Waiting for confirmation on the drop.
I will be looking for a break in structure to the downside on the 30min and then a retest up to supply before aiming for this demand zone over the long term at 0.60600
GBPNZD Wave Analysis – 28 April 2025
- GBPNZD reversed from the support area
- Likely to rise to resistance level 2.2600
GBPNZD currency pair recently reversed from the support area between the support level 2.2220, lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from January.
The upward reversal from this support area stopped the previous short-term correction A – which belongs to wave (4) from the start of April.
Given the clear daily uptrend and the oversold daily Stochastic, GBPNZD currency pair can be expected to rise toward the next resistance level 2.2600.
Axon’s Uptrend May Remain IntactAxon Enterprise has been climbing since last summer, and some traders may think its uptrend remains intact.
The first pattern on today’s chart is the tight consolidation pattern since February. The broader market revisited prices from a year prior, but the law-enforcement IT company never broke levels from just three months earlier. That shallower pullback may suggest buyers remain in control.
Second, AXON ended last week above the top of the range. Has a breakout begun?
Third, the stock tested and held its rising 200-day simple moving average on April 7. That may suggest the long-term uptrend remains in effect.
Next, MACD is rising. The 8-day exponential moving average (EMA) is also above the 21-day EMA. Those signals may indicate its short-term trend has gotten more bullish.
Finally, rallies after the last three earnings reports may reflect bullish sentiment towards AXON’s fundamentals.
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Nifty 24170-24360 range breakout to provide an directional move.Trend: Moderately bullish.
Trigger point: 24,360 breakout.
Above 24,360: Strong bullish breakout into a fresh zone.
Below 24,170: Caution advised — bias would weaken.
Volatility: Dropping — favoring smoother, more controlled moves rather than choppy swings.
Momentum: Building but needs further confirmation from RSI 21-SMA reversal.
BTC Potential Breakout, Daily DivergenceBTC on the daily has the opportunity to expand way upwards over the next month - a divergence on the daily evidently takes longer to play out but RSI could easily reach 80 off the back of the structure.
I have been shorting, confidently, for a good few weeks now, with longs in between, but I'm starting to feel like I should flip long.
Solana is also trying to reclaim the daily/weekly range - things to think about for sure.
Good luck out there!
GT/USDT: Market Sentiment and Price DynamicsThe GT token's price dynamics are currently influenced by a mix of market sentiment and technical factors. The recent price action around $22.485 is crucial, as it could determine the next move. Positive news from Gate.io or a broader market uptrend could catalyze a break above the resistance at $22.560. Conversely, negative sentiment might push prices back to test the support at $21.940. Traders should stay informed and ready to act on these levels.
Russell 2000: Signs of Topping as Macro Risks LoomRussell 2000 futures look sluggish heading into a week laden with macro risk events. Given the cyclical characteristics of the underlying index, any hint of weakness may amplify U.S. recession fears, increasing the risk of renewed downside for stocks.
Sitting within what resembles a rising wedge and with a possible evening star pattern forming, the risk of a resumption of the broader bearish trend is arguably growing. While bearish momentum has weakened recently, the uptrend in RSI (14) and MACD also appears to be topping out.
A break and close beneath 1917 would generate a setup where bearish positions could be established with a stop above the level for protection. The April 21 low of 1831 screens as a potential target. A break of that would open the door for a run towards the double bottom of 1712 set in early April.
On the topside, a break and close above 1994.8 would invalidate the bearish bias.
Good luck!
DS
DXY Printing a Bullish Triangle??The DXY on the 1 Hr Chart is forming a potential continuation pattern, the Bullish Triangle!
Currently Price is testing the 99.6 - 99.8 Resistance Area and battling with the 200 EMA and 34 EMA Band. The reaction to this conjunction could be pivotal in who overcomes: Buyers or Sellers.
Now during the formation of the potential pattern, Price on the RSI has stayed relatively Above the 50 mark being Bullish Territory suggesting Buyers could win the Bull-Bear battle.
Until Price breaks either the Resistance Area or the Rising Support, we will not have a definitive direction in which USD will strengthen or weaken.
*Wait For The Break*
-If Price breaks the Resistance Area, USD will strength possibly heading to the 100.8 - 101 Area
-If Price breaks the Rising Support, USD will weaken possibly heading to the 98.5 - 98.3 Area
Fundamentally, it is said China and USA are possibly getting closer to potentially ending the Reciprocal Tariff War going on with both sides willing to negotiate.
With the USA being the #1 Consumer of Goods globally, other economies can not afford us to not buy their things so I continue to see the Tariff War more as a Strong-Arm for the USA to be able to negotiate better terms!
USD News:
JOLTS - Tuesday, Apr. 29th
GDP - Wednesday, Apr. 30th
Unemployment Claims / ISM Manu. PMI - Thursday, May 1st
Non-Farm Employment Change / Avg Hourly Earnings / Unemployment Rate - Friday, May 2nd
For all things Currency,
Keep it Current,
With Novi_Fibonacci
Weekly Moonshot Setup for $BLEGChecked all the boxes for this upcoming seasonal wave in the OTC. First one to set off my scanner(87% WR) since early 2021 - $BLEG. This is a low floater with under 900mm shares outstanding, transfer agent verified - pink current status (big green check on these two things).. quick snippet from the Dec 2024 report:
A. Summarize the issuer’s business operations (If the issuer does not have current operations, state “no operations”) Branded Legacy, Inc. is a diversified holdings company with a primary focus on biotechnology and wellness product development. Over the past year, the company has made significant strides in expanding its operations, acquiring new businesses, and enhancing its product offerings. Business Operations: Branded Legacy, Inc. specializes in the extraction, refinement, and synthesis of alkaloids, providing white/private label services, formulation, and co-packing solutions. The company’s main business activities revolve around the commercial development of alkaloid-infused products such as vapes, tinctures, topicals, and gummies. Additionally, Branded Legacy engages in brand development, marketing, and promoting sustainability practices. The company has expanded its portfolio through strategic acquisitions, including Sycamore BioPharma Inc. and MariJ Pharmaceuticals Inc. These acquisitions have significantly bolstered Branded Legacy's capabilities in botanical extractions and drug delivery systems, enhancing their product offerings and market reach. Product Development and Services: Branded Legacy, Inc. operates through its subsidiaries, Royal Biotek and The Alcannabist, which focus on advancing biotechnical research and development. Royal Biotek, in particular, conducts in-house pre-clinical trials to ensure product efficacy and safety, thereby building consumer trust. The company’s state-of-the-art facilities in Melbourne, FL, support the production and distribution of high-quality wellness products. Sycamore BioPharma, recently acquired by Branded Legacy, is renowned for developing plant-based pharmaceuticals and wellness solutions, including gummies, tinctures, compression sleeves, and pain-relieving topical creams. The acquisition of Sycamore BioPharma has brought over $500,000 in inventory of products and raw materials as well as key personnel for advancing clinical trials. Sycamore supports Branded Legacy's mission to deliver high-quality, innovative products. MariJ Pharmaceuticals, another significant acquisition, specializes in the development and distribution of cannabinoid-based products. This acquisition has added substantial value to Branded Legacy’s portfolio, with MariJ Pharmaceuticals valued at close to $2,000,000. The integration of MariJ Pharmaceuticals has enabled Branded Legacy to expand its product lines and leverage MariJ's expertise in cannabinoid extraction and formulation, further strengthening the company’s position in the biotech and wellness markets. Branded Legacy has also secured exclusive extraction partnerships and developed proprietary delivery systems for various health supplements, further solidifying its position in the wellness industry. The company's innovative approach is evident in its diverse product lines, which include not only traditional botanical extracts but also novel formulations aimed at improving bioavailability and therapeutic effectiveness. Growth and Market Strategy: Branded Legacy is committed to sustainable growth through continuous innovation and strategic partnerships. The company's recent moves include acquiring new facilities, enhancing production capabilities, and expanding its market reach. By integrating advanced biotechnology with robust branding and marketing strategies, Branded Legacy aims to set new benchmarks in the wellness and biotech sectors. The company's forward-thinking approach and strategic acquisitions have positioned it as a leader in the industry, with a focus on delivering high-quality, sustainable products that meet the evolving needs of consumers (Sources: Branded Legacy website, Business Insider). For further details and updates on Branded Legacy's operations, please visit their profile on OTC Markets or their official website. B. List any subsidiaries, parent company, or affiliated companies Total Refinement Solutions, LLC (DBA Royal Biotek) The Alcannabist, LLC MaryJ Pharmaceuticals, Inc. Sycamore Biopharma, Inc. (SBP) All Companies are included in this disclosure statement.