WTI OIL May be closer to $50 and below than a recovery.WTI Oil (USOIL) is having a strong green 1W candle but remains on a strong selling sequence since the January 13 2025 rejection on its 1W MA200 (orange trend-line). So far this is technically the Bearish Leg of the Channel Down that started after the March 07 2022 market top.
The Bearish Leg that was initiated then, declined by -48.60% so if the current one repeats this we are looking at prices close to $41 by the end of the year or beginning of 2026. Technically, as long as the 1W MA50 (blue trend-line) holds, the immediate Targets within a 3-month horizon are $50 and $46.
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Signals
USDCAD Is Bullish! Long!
Here is our detailed technical review for USDCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.378.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.399 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPCHF Is Very Bearish! Sell!
Take a look at our analysis for GBPCHF.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.103.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.092 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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S&P500 Stuck between the 1D MA50 and 1D MA200.The S&P500 index (SPX) is now on a short-term correction following the impressive recovery of the last 30 days that made it almost test its 1D MA200 (orange trend-line). This is a technical rejection but the fact that the 1D MA50 (blue trend-line) is now the Support can be encouraging.
The reason is that since January 2023, every time the index broke above its 1D MA50 it turned into a Support that held and produced an immediate bullish extension on every occasion except for one time (Sep 2024), which still recovered 1 week after.
As a result, it is more likely for SPX to test its All Time High (ATH) by July than entering a long-term correction again.
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EURUSD Channel Up favors buying but keep an eye on this.The EURUSD pair has been trading within a Channel Up pattern since the February 28 Low and its current Bearish Leg almost reached the 0.382 Fibonacci retracement level. That is where the previous Bearish Leg made a Higher Low (March 27) and rebounded.
This keeps for now the bullish trend intact and it will remain so for as long as the price remains within the Channel Up. The short-term Target is the -0.236 Fib extension at 1.17500. If on the other hand it breaks below the Channel Up, be ready to take the small loss and sell towards the 1D MA200 (orange trend-line) at 1.08500, which is the level that supported the market on that previous March 27 Low.
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PALANTIR Channel Up intact. Eyeing $185 on this rally.Palantir (PLTR) has been trading within a 2.5-year Channel Up and is currently on its most recent Bullish Leg following the approach f the 1W MA50 (blue trend-line).
Having also rebounded on its long-term RSI Support Zone, the buying pressure is the strongest we've seen inside this pattern, having recovered all loses in just 4 weeks.
Given that the most usual rally was +183.03%, we expect this Leg to reach at least $185.
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GOLD Will Grow! Buy!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 3,257.82.
Considering the today's price action, probabilities will be high to see a movement to 3,352.14.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Gold surges thanks to China buying goods, waiting for FED waveInternational gold prices jumped to 3,332 USD/ounce, up more than 72 USD compared to the bottom of last night's session. The main driving force came from the wave of gold buying in China, when concerns about the weakening economy caused people to massively turn to gold as a safe haven. The H4 chart shows a strong increase, EMA34 has crossed EMA89, establishing a clear short-term uptrend. If gold surpasses 3,340 USD, it is likely to head towards the old peak around 3,420–3,500 USD.
Crude oil prices are still fluctuating strongly around 57.2 USD/barrel, creating an unstable foundation for the commodity market. The FED will announce its policy in the early morning of May 8. Although it is expected to not change interest rates, any statement can move the market. This will be the next big catalyst for gold.
XAUUSD Bullish or bearish Detailed AnalysisXAUUSD is currently trading around 3380, continuing its bullish momentum as previously anticipated. The price action has followed the projected path, delivering substantial profits for those positioned early. The next key resistance level is at 3450, aligning with the upper boundary of the ascending channel.
Fundamentally, gold's rally is supported by heightened safe-haven demand amid ongoing geopolitical tensions and a weakening U.S. dollar. Investors are closely watching the upcoming Federal Reserve meeting, with expectations leaning toward a dovish stance, which could further bolster gold prices .
Technical indicators suggest that the bullish trend remains intact, with the price maintaining its position above key moving averages. However, traders should be cautious of potential pullbacks as the market approaches overbought conditions.
In summary, XAUUSD is on track toward the 3450 target, supported by both technical and fundamental factors. Traders should monitor key resistance levels and macroeconomic developments to manage their positions effectively.
BITCOIN Climbing the Fibonacci Staircase..Bitcoin (BTCUSD) has come into the Fed Rate Decision week stronger that ever, having staged an impressive rebound from the early-April Low. The consolidation of the last few days is of course a market reaction in anticipation of the big interest rate news.
Regardless of that, the Channel Up that is the underlying pattern from the start of this Bull Cycle has been filling on an impressive symmetrical scale all .382 Fibonacci extensions one by one. The most recent has been the 4.382 and naturally the next in line is the 5.382 Fibonacci extension.
Since the last one (4.382) was almost hit before the price pull-back, it would be more fitting to assume the next peak slightly below the 5.382 Fib ext as well as $170000.
This may very well be the final High i.e. the Cycle's Top before the next Bear Cycle begins, depending on the time it hits it.
Do you think that would be the case? Feel free to let us know in the comments section below!
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Lingrid | SHIBUSDT long OPPORTUNITY from the SUPPORTBINANCE:SHIBUSDT is currently trading inside a downward wedge pattern, typically a bullish formation. After reaching the resistance zone around 0.00001567 and forming a lower high, the price retraced sharply. It is now approaching a critical support area near 0.00001186, aligned with the wedge base and previous reaction zones. Bullish traders are watching for a breakout to the upside, while bearish pressure remains within the channel.
📉Key Levels to Watch
Support zone: 0.00001186 (wedge base and historic demand)
Breakout target: 0.00001390 (near-term rally cap)
Invalidation level: below 0.00001028
⚠️ Risks
A failure to hold above the wedge support at 0.00001186 could trigger a drop toward the March lows at 0.00001028.
Bearish momentum remains strong, and multiple lower highs signal seller dominance unless invalidated.
False breakouts within wedge patterns are common—confirmation is needed before reacting.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD - Smart Money Selling, Retail Chasing Longs📉 Technical Context:
Price has reacted precisely to the 0.618–0.786 Fibonacci retracement zone between 3,386–3,442 USD, aligning with a clear weekly supply zone and imbalance. The current market structure suggests a potential lower high, with the first target around 3,060 USD, and the second near 2,880–2,900 USD demand.
🧠 COT Report (as of April 29, 2025):
Non-Commercials (speculators) cut 18,519 long contracts, signaling waning bullish conviction.
Commercials (hedgers) increased shorts by +9,848 contracts, maintaining a bearish contrarian stance.
📊 Retail Sentiment (MyFxBook):
65% of retail traders are short from 3,062, while 35% are long from 3,184 — ideal environment for a bull trap before reversal.
📅 Seasonality (Market Bulls):
May is historically weak:
10Y: -9.98%
5Y: -12.21%
Strength historically returns in June/July → a correction before continuation is likely.
✅ Conclusion:
Technical structure, macro context, and positioning all align for a high-probability short.
📍 Entry Zone: 3,420–3,440
🔒 Stop: Above ATH (3,500)
🎯 Targets:
TP1: 3,060
TP2: 2,900
US30: Local Bearish Bias! Short!
My dear friends,
Today we will analyse US30 together☺️
The market is at an inflection zone and price has now reached an area around 41,170 where previous reversals or breakouts have occurred. And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 41,039..Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
ETHEREUM: Will Go Up! Long!
My dear friends,
Today we will analyse ETHEREUM together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 1801$ Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 1810$ Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
US100 WILL GO DOWN|SHORT|
✅US100 price grew again to retest the resistance of 20,300
But it is a strong key level
And we are already seeing
A local bearish pullback
So I think that there is a high chance
That we will see a bearish move down
SHORT🔥
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AUD-JPY Risky Short! Sell!
Hello,Traders!
AUD-JPY went up and hit
A horizontal supply area
Around 93.597 from where
We are already seeing a local
Bearish pullback so we are
Bearish biased and we will
Be expecting a local
Bearish correction
Buy!
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EUR_GBP WILL FALL|SHORT|
✅EUR_GBP has hit a key structure level of 0.8540
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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BITCOIN Support Ahead! Buy!
Hello,Traders!
BITCOIN is trading in an
Uptrend but is making a
Local bearish correction
However, a horizontal
Support level is ahead
Around 92,191$ so after
The retest we will be expecting
A local bullish rebound
And a move up
Buy!
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GBP-CHF Local Long! Buy!
Hello,Traders!
GBP-CHF is going down
Now but the pair is close
To the horizontal support
Level of 1.0901 already so
After the retest we will be
Expecting a local bullish rebound
Buy!
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Gold price suddenly accelerates, approaching the 3,300 USD/ounceAfter two consecutive weeks of decline, the world gold price is showing strong signs of recovery when it skyrocketed to 3,266 USD/ounce - an increase of 25 USD in just one session. Although still quite far from the peak of 3,500 USD/ounce, the increase this morning shows that investor sentiment has begun to change direction.
The increase occurred at the beginning of the session despite previous negative forecasts, reflecting the sensitivity of gold to geopolitical and economic information such as US-China trade negotiations or the strength of the USD. The daily chart shows that gold has bounced strongly from the EMA34 support zone and returned to the resistance zone around 3,320–3,340 USD, opening up an opportunity to retest the 3,400 USD mark if the current increase is maintained.