USDCAD Analysis: Buyers Defend Key Level Ahead of NFP DataUSDCAD Analysis: Buyers Defend Key Level Ahead of NFP Data
Since April 20, USDCAD has been moving sideways without a clear trend. However, in recent days, the pair has found strong support around 1.3780 for the second time, suggesting that buyers are actively defending this zone.
With the upcoming NFP data, there's potential for a bullish move. If the report fuels buying momentum, USDCAD could rise toward the resistance levels at 1.3855 and 1.3890, as seen on the chart.
You may find more details in the chart!
Thank you and Good Luck!
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Chart Patterns
EUR/USD: Bearish Structure Intact — Lower Lows Ahead? (READ)By analyzing the #EURUSD chart on the 3-day timeframe, we can see that the price is currently trading around 1.136. If the price manages to stay below the 1.1414 level, we can expect further downside from this pair. The possible bearish targets are 1.128, 1.11480, and 1.10 respectively.
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GOLD - Bullish Structure with Potential Continuation PlayThe current 1-hour chart of Gold (XAU/USD) demonstrates a clean bullish structure supported by an ascending channel and multiple unmitigated Fair Value Gaps (FVGs) acting as potential demand zones. This setup highlights the strength of the ongoing uptrend and offers insights into a high-probability continuation entry should price retrace.
Market Context and Trend Structure:
Following a prolonged downtrend visible in the earlier part of the chart, Gold reversed decisively with a bullish break of structure. Since then, price has been consistently printing higher highs and higher lows while respecting an ascending parallel channel. This channel, marked by two trendlines, encapsulates the short-term bullish momentum.
The current move is strong and impulsive, suggesting that institutional order flow is behind this leg. Candles are elongated with minimal wicks on the upside, reinforcing the idea of aggressive buying pressure.
Key Demand Zones and FVG Analysis:
Three major Fair Value Gaps (FVGs) have formed along the recent bullish leg, each potentially acting as a zone of reaccumulation. These FVGs are marked in green and correspond to areas where price left inefficiency after strong upward moves without immediate retracements.
* The most recent FVG, located just beneath current price, aligns with a minor structure support zone and overlaps partially with the lower boundary of the ascending channel. This area stands out as a prime candidate for a bullish continuation entry, particularly if price retraces and shows signs of holding.
* The middle FVG, slightly lower in the structure, represents a deeper mitigation level and could serve as a secondary entry in case the initial zone fails to hold.
* The lowest FVG is a broader inefficiency zone that formed near the base of the bullish reversal. If price returns this far, it would likely signify a temporary shift in momentum or deeper liquidity hunt before another leg upward.
Channel Structure and Momentum:
The ascending channel has been respected throughout the rally, offering visual confirmation of trend strength and the rhythm of pullbacks. The current price is near the upper boundary of the channel, and a short-term retracement is a logical expectation before continuation.
A pullback into the FVG + lower channel region would represent a convergence of structure, imbalance, and trendline support. These overlapping technical elements enhance the probability of a bounce from this zone.
Projected Path:
The chart also suggests a conservative bullish continuation projection, aiming toward the zone marked around 3449.12. This level appears to be a measured move extension and a safer target in relation to the overall structure. However, the note on the chart implies that the all-time high (ATH) could also be in play if momentum continues and market conditions remain supportive.
The key here is the behavior around the nearest FVG. If price retraces and holds this area—potentially forming a bullish engulfing or confirmation on lower timeframes—it may offer an ideal continuation entry with minimal drawdown.
Conclusion:
This Gold 1-hour chart reflects a strong bullish structure with clear institutional footprints left in the form of unmitigated FVGs. The alignment of ascending channel support and bullish imbalances creates a favorable setup for continuation traders. Watching the immediate FVG zone will be critical, as it may define the next impulsive leg toward higher targets. If that zone fails, deeper FVGs below offer secondary opportunities while maintaining the bullish bias as long as structural higher lows remain intact.
Gold (XAU/USD) 3H Chart Analysis – Bullish Setup Toward $3,500 TCurrent Price: $3,254.26
EMA 70: $3,285.50 (Price is below EMA – cautious zone)
Bias: Bullish 📈 (if demand zone holds)
Key Zones:
🟦 Demand Zone: $3,200 – $3,260
✅ Strong buy interest expected here
⚠️ Good place to look for entry signals
🟥 Resistance Zone: $3,223.60 – $3,323.84
🔄 Price is currently testing this zone
A breakout here can lead to bullish momentum
🎯 Target Point: $3,500 – $3,529 💰
📌 Defined as "Target Point 3500"
High potential for profit-taking here
⛔ Stop Loss: $3,161.32
🚫 Placed below demand zone for risk control
❗ Important to exit if price drops here
Trade Idea 💡
📥 Buy Entry: Near or above $3,223.60
✅ Hold as long as price respects demand zone
🎯 Target: $3,500
⛔ Stop Loss: $3,161.32
⚖️ Risk:Reward ratio looks favorable!
Quick Summary:
🟢 Bullish Setup
💪 Demand zone is strong
📈 Breakout above resistance may fuel a rally
⏳ Wait for confirmation before entry!
What do you think about the market outlook after gold’s plunge?Later today, the European and American markets will focus on two positions: the first position is the upper 3360 line of pressure. Yesterday's low point broke through the support and turned into pressure. If the top and bottom conversion positions are touched, it is still bearish. The second position is 3305, which is the second starting point of the strong rise in the previous two days. According to the drop of 100 US dollars from 3415, it is at 3315. The drop exceeds 100 US dollars. There is basically no problem in rebounding. Therefore, we can expect a rebound around the 3305-3310 area below. The probability of falling below 3300 today is not high, and it is easy to come up even if it goes down.
XAU/USD..1h chart patttern..**Gold (XAU/USD) trade plan** based on My levels, optimized for risk/reward:
---
### **Gold (XAU/USD) Buy Setup**
**✅ Key Level:** **3300** (Resistance turned Support)
**🎯 Buy Zone:** **3340** (Pullback entry after breakout confirmation)
**🔥 Target:** **3500** (+1600 pts | **1:3+ R/R** if SL at 3280)
**🛑 Stop Loss:** **3280** (Below breakout level + buffer)
#### **Why This Works?**
1. **Breakout Retest:** Price broke **3300 resistance**, now acting as support.
2. **Higher Highs/Lows:** Uptrend intact (bullish structure).
3. **Target Logic:** Measured move from recent swing low projects to **3500**.
#### **Entry Triggers (Choose One):**
- **Aggressive:** Buy near **3340** with tight SL (3280).
- **Conservative:** Wait for **bullish reversal candle** (e.g., hammer, engulfing) at 3300-3340.
#### **Risk Management:**
- **Never risk >1-2% per trade.**
- **Move SL to breakeven** at **3380** (after +400 pts).
#### **Invalidation:**
- Close below **3280** (false breakout → cancel trade).
---
**Optional Confluence:**
- Check **RSI (30-50)** for oversold bounce.
- Watch **USD weakness** (Fed dovishness, CPI data).
Let me know if you want tweaks (e.g., shorter-term scalp targets). 🚀
LINK: Chainlink Next Wave Up?I'm not a short term trader, but Chainlink has potentially finished a 3 wave correction at the previously monthly open + 1:1 trend based fib extension @ $13.54. Additionally, Chainlink is holding the 50 Daily Moving Orange in Orange for the 1st time as support since late March. As stated in previous cryptocurrency posts, things are getting really spicy and interesting in crypto!
Next important pivots for Chainlink to break is at $15.99 and the 1.618 white trend based fib extension at $18.56.
GOLD - single supporting area, holds or not ??#GOLD.. well guys market moved perfect as per our analysis in perveious ideas.
Now market just reached at his single supporting area 3290-91
That is market current supporting area so keep close and keep in mind that we will go for cut n reverse below that.
Good luck
Trade wisely
Analysis of the latest gold trend on May 9:
Review of the market on May 8 and the current situation
Severe fluctuations: After a sharp rise in the morning of the Asian session, it quickly fell back to the support level of 3320, and then rebounded gently but was still under pressure, indicating that the market was fiercely competitive between long and short positions.
Technical support/resistance:
Support area: 3280-3290 (0.618 golden ratio + 4-hour lower track), 3270 (double-line lower track on the hourly chart).
Resistance area: 3370-3375 (previous box breakthrough and key counter-pressure).
Core logic of technical analysis
Short-selling dominance:
After a sharp drop, the rebound was weak, and 3370-3375 became a strong resistance. It is recommended to short when it rebounds to this area.
If it breaks below 3320, it may further test the support of 3280-3290 or even 3270.
Long opportunities:
If the price pulls back to the 3275-3285 support band and stabilizes, you can try short-term long, with the target at 3330-3350.
Be wary of the possibility of a rapid reversal after the market wash.
Operation strategy refinement
Sell short orders 3365-3370 area Stop loss 3380 Target 3330→3305→3290 After the rebound encounters resistance, arrange in batches and hold if it breaks down
Buy long orders 3275-3285 area Stop loss 3260 Target 3310→3330→3350 After the support level stabilizes, try long with a light position
Key points
Risk control priority:
Strictly stop loss of 10 US dollars to avoid large losses caused by sudden fluctuations.
The Asian and European sessions fluctuate violently, and the position needs to be light (recommended ≤5% of total funds).
Time window:
If the price does not break 3375 before and after the US market, short positions can be increased; if it stabilizes at 3290, long positions can be held.
Mid-term layout:
If the price touches the 3270-3280 area and a stop-fall signal appears (such as a long lower shadow), you can consider a swing long position, with a target of 3400+.
Summarize
Short-term: The operation below 3370 is bearish, and the operation above 3280 will be cautious and long. Middle line: Pay attention to the 3280-3270 support band, and place long orders after stabilizing; if it rebounds to near 3400 and is under pressure, it will turn to short positions.
EUR/USD..3h chart pattern.**high-probability EUR/USD buy strategy** with clear rules and risk management:
---
### **EUR/USD Buy Trade Plan**
**✅ Entry:** **1.1300** (Key support zone)
**🎯 Target:** **1.1550** (+250 pips | **1:3+ Risk-Reward**)
**🛑 Stop Loss:** **1.1220** (-80 pips | Below recent swing low)
### **Why Buy Here?**
1. **Support Zone:**
- 1.1300 is a **psychological + historical support** (2023 swing lows).
- Strong bounce potential if USD weakens (Fed pivot hopes).
2. **Trend Structure:**
- Higher lows in weekly chart suggest **long-term bullish bias**.
3. **Fundamental Catalyst:**
- ECB rate hikes vs. Fed pause could boost EUR.
### **Entry Confirmation (Avoid Fakeouts!)**
- **Wait for:**
✅ **Bullish price action** (e.g., hammer, engulfing candle on 4H/Daily).
✅ **RSI >30** (no extreme oversold condition).
✅ **MACD histogram turning upward**.
### **Trade Management**
- **Scale in:** Enter 50% at 1.1300, add 50% on retest of 1.1280 (if possible).
- **Move SL to breakeven** at **1.1340** (+40 pips).
- **Partial profits:** Take 50% at **1.1450**, let rest run to 1.1550.
### **Invalidation Scenario**
- If price closes **below 1.1220**, trend turns bearish (exit trade).
---
### **Key Risks & Mitigation**
⚠️ **USD Strength:** Watch Fed speeches, CPI data.
⚠️ **Eurozone Recession:** Weak GDP could hurt EUR.
**Alternative Play:** If 1.1300 breaks, wait for **1.1200** (stronger support).
---
Would you like a **shorter-term scalp version** (e.g., 100-pip target)? Or add **Fibonacci levels** for precision?
DXY Rebounds on Fed Pause and Trade Deal Hopes.Macro approach:
- DXY edged higher, recovering earlier losses as the Fed held rates and Powell was cautious.
- Jun cut hopes faded, though markets expect three cuts this year, potentially lifting DXY short-term.
- A potential US-UK trade deal also helps ease bearish sentiment on the dollar.
Technical approach:
- DXY is hovering around the key resistance at around 100.200, confluence with EMA21, indicating a potential short-term correction.
- If DXY closes above the resistance at 100.200, the price may continue to claim to retest the following resistance at 101.800.
- Conversely, closing below the current trendline may lead DXY to retest the swing low at around 98.000.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Gold falls under pressureAlthough gold surged in the morning, it continued to fall in the afternoon and fell to 3320. Currently, gold rebounded moderately, but it is still under pressure after the sharp drop. The adjusted golden section line position, the 0.5 position of this wave of decline is the 3320-3318 area. The price bounced when it was touched for the first time. Going down, we need to pay attention to the 0.618 position 3288 area, which is close to the four-hour lower track 3284 area. The two together become the support area. The excess range is the double-line lower track 3270 on the hourly chart. Tonight, it is still a rebound to short, and pay attention to the 3370-74 line resistance situation above.
ETHUSDT - Will likely have 5 Digits by the end of 2025Ethereum has dropped 65% since December, hitting its bottom in April —
that’s 5 full months in a bear market with a massive drawdown, especially for the second-largest crypto by market cap.
Today, it made a strong bounce, rallying over 50% from the grey support zone,
confirming that the bottom was likely in.
Looking at the RSI, Ethereum has entered the oversold zone only 3 times in the last 5 years —
which is another strong indication that a bottom has been reached.
So what can we expect from ETH in the coming days?
- Ethereum is still close to the bottom, and RSI conditions remain healthy.
- Historically, the current RSI level has only occurred three times in five years.
Based on this:
- This bounce is likely just the beginning of a much bigger move. ETH still has a lot of upside potential.
- The next key resistance is around $2,500, which lines up with both the 200 EMA and the 0.618 Fibonacci level — keep an eye on that.
- Long-term, Ethereum is on track for a new all-time high (ATH).
XAUUSD (Gold) Continued its Downward trendHere I Created This XAUUSD Chart Analysis
Pair : XAUUSD (Gold)
Timeframe: 1- Hour
Pattern: Resistance Level
Momentum: Bearish/ SELL
Entry Level : SELL 3362
Resistance zone : 3370
Target Will Be : 3325
Disclaimer : This signal is based on personal analysis for learning purposes. Trade at your own risk and always use proper risk management.
CHFJPY A Fall Expected! SELL!
My dear subscribers,
My technical analysis for CHFJPY is below:
The price is coiling around a solid key level - 175.19
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 174.21
My Stop Loss - 175.78
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
SPX Continues to Rise After FOMC DecisionThe U.S. index has been gaining more than 2% in recent trading sessions, and the bullish bias has remained intact since the Federal Reserve’s decision during yesterday’s session. The central bank once again opted to keep the interest rate steady at 4.5%. However, according to some comments, Chairman Powell mentioned that the economy is approaching a point where it may soon be appropriate to begin cutting interest rates. This has fueled expectations of future rate cuts and has helped sustain confidence in equity indices over the short term.
Uptrend: Since April 9, a new short-term uptrend has been consistently forming, with price movements holding above the 5,000-point mark. However, the price is now approaching a key resistance level, and as long as this barrier holds, it could lead to short-term neutrality in recent price action.
ADX: The ADX line has been falling sharply in recent sessions and is now nearing the neutral 20 level. This indicates a lack of sustained volatility in recent price moves. If the ADX remains at these levels, it could reinforce a period of consolidation or range-bound movement in the short term.
RSI: The RSI line remains consistently above the neutral 50 mark, indicating that buying momentum still dominates in the short term. However, as the RSI approaches the overbought level near 70, this could open the door for short-term bearish corrections.
Key Levels:
5,750 points – Nearby resistance: This level coincides with the 200-period simple moving average. A breakout above this zone could strengthen the bullish bias and support a more sustained uptrend.
5,540 points – Nearby support: This level aligns with the 50-period moving average and may serve as a potential zone for bearish corrections to unfold.
5,370 points – Critical support: This level aligns with the short-term ascending trendline. A drop below this support could jeopardize the current bullish structure in the short term.
Written by Julian Pineda, CFA – Market Analyst
PIXEL Breakout Alert: Ready for the Next Leg Up?🚀 PIXEL Breakout Alert – 100% Potential Incoming?! 👀🔥
Hey Traders! If you're all about high-conviction plays and real alpha, smash that 👍 and tap Follow for more setups that actually deliver! 💹💯
PIXEL has broken out from a bull flag on the 4H timeframe after consolidating for weeks. This clean breakout signals a potential trend reversal with strong upside momentum building. 💥
Trade Setup:
👉 Entry: $0.0380–$0.0400 (post-breakout zone)
🎯 Targets:
$0.0455
$0.0520
$0.0630
$0.0770
🛡 Stop-loss: $0.0360 (below channel re-entry)
Why I Like It:
Clear breakout of the falling channel
Strong volume surge confirms momentum
Previous 100% move shows solid potential
If BTC stays stable, this one looks set for a strong run! 🚀 Keep it on your radar.
AIUSDT trade opportunityAIUSDT has ended its downtrend with a breakout above the downtrend line, initiating a fresh impulsive wave.
The immediate buyback zone offers a strong re-accumulation opportunity, while the landing zone serves as the next profit target.
For the bullish outlook to remain intact, the internal demand zone must hold as a key support level.
Bullish bounce off pullback support?The Cable (GBP/USD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 1.3264
1st Support: 1.3233
1st Resistance: 1.3338
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Ethereum 6X Lev. Full PREMIUM Trade-Numbers —2nd Entry—PP: 1806%This is a second entry for a long-term leveraged chart setup for ETHUSDT (Ether).
This is truly the last chance to get Ethereum at low prices before a major bullish impulse, the biggest one in a long time.
The chart structure is perfect. The low conditions look very similar to June 2022, very similar.
We have long-term higher lows blah blah blah... By now, you already know all these things as I read this chart a million times.
I don't have much to say other than remain calm, whatever happens. Sleep easy because Crypto is going up. It is as simple as that. It will grow, soon.
Full trade-numbers below:
_____
LONG ETHUSDT
Leverage: 6X
Entry levels:
1) $1,900
2) $1,825
3) $1,630
Targets:
1) $2,125
2) $2,405
3) $3,347
4) $4,017
5) $4,871
6) $6,000
7) $7,337
Stop-loss:
Close weekly below $1,600
Potential profits: 1806%
Capital allocation: 3%
_____
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I know it is a lot of content but this is meant for many different people all across the world.
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This is the big one.
Namaste.