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Yen's Rise and the Risk of Currency VolatilityThe Japanese yen strengthened to 147 per dollar on Tuesday, its highest in five months, as US recession fears drove investors to long-term trusted assets. Trump's reluctance to dismiss recession risks, along with trade policy uncertainty, added to yen demand. Japan's economic outlook weakened as Q4 GDP growth was revised down to 2.2% from 2.8%, reflecting weak private consumption. Despite this, the BOJ is expected to keep rates steady in March, with potential hikes later. Finance Minister Shunichi Kato cautioned against excessive currency volatility amid the yen’s rapid gains. Key resistance is at 149.20, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.
by ChartMage
TradeCityPro | Bitcoin Daily Analysis #30👋 Welcome to TradeCityPro! Let's dive into the analysis of Bitcoin and key crypto indices. As usual, today I will review the futures triggers for the New York session. ✨ Yesterday, our short trigger was activated, and we were able to open a good position. We also have a trigger today, so let's go through the analysis to check these triggers. ⏳ 1-Hour Timeframe As I mentioned yesterday, if the break of the 83151 area was fake, you could have entered a position at the trigger of 821288, which indeed happened. This trigger was activated, and the price moved down to the area of 77598. Currently, the price has moved up again and has made a correction up to the 821288 area again. 💥 This trigger was for one-time use, and we opened a position with it yesterday, so I have removed it from the chart since we no longer need to use it and the price has not reacted to it anymore. ✅ Currently, I am waiting to see what new structure the price will form, from which area it will reject, and what structure it will create. For now, to consider a long position, we must first wait for this new structure to form. If this structure does not emerge, you can enter a long position if 83151 breaks again. 🔽 For short positions, the situation is quite clear: if the floor of 727598 breaks, you can enter a short position targeting 72753. An important note about the recent upward movement is that market volume is decreasing, indicating a weakness in the trend, and it seems that the power still lies with the sellers. 💫 The RSI has risen above the area of 50. If it goes back below 50, you can take that as a confirmation of momentum for a short position. 👑 BTC.D Analysis Let's move on to the analysis of Bitcoin dominance. Finally, dominance has exited the small range box that was formed between the areas of 61.07 and 61.61, and it broke this box upwards as the market fell. 🎲 This situation caused the altcoins and indices like Total2 to fall more than Bitcoin itself. As you can see, dominance has approached the very important resistance area of 62.19. If dominance can stabilize above this area, the next resistance for dominance will be 62.66. 🧩 The trigger for Bitcoin dominance turning bearish is still the area of 61.61 for now. 📅 Total2 Analysis As you can see, our trigger in the area of 1.01 was activated yesterday, and Total fell to $953 billion, finally falling below $1 trillion after a long time. ☘️ Currently, after the breakdown and the price reaching a lower support, we witnessed a reaction from the buyers that caused the price to rise slightly. Now it seems that the price is setting a lower high compared to its previous high. If this event occurs, with the break of the area of 953, we can open a short position. ⭐️ However, for long positions, I am currently waiting for the chart to form a new structure. If there is a sudden upward movement without significant structure formation, the only trigger for a long position remains the break of 1.01. 📅 USDT.D Analysis Let's move on to the analysis of Tether dominance. As you can see, Tether dominance also experienced a breakout yesterday, breaking the area of 5.49 and moving upwards. The resistance that was above dominance was at 5.86, which dominance did not reach but came close before moving downwards again. 🧲 Currently, it seems that dominance has re-entered below the area of 5.49. If it can consolidate below this and break its ascending trendline, we can say that the increase in Tether dominance will finally halt. In this case, dominance could move lower, and the market might undergo a slight bullish correction. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
9
Brent Crude Struggles at $69 as Global Demand Risks MountBrent crude hovered around $69 per barrel on Tuesday as concerns grew that U.S. tariffs could slow economic growth and weaken oil demand. Tariffs imposed by President Trump on major suppliers like Canada and Mexico, along with China’s retaliatory measures, heightened fears of a global slowdown. China’s deepening deflationary pressures further weighed on crude prices despite stimulus efforts. On the supply side, Russia’s Deputy PM Alexander Novak confirmed OPEC+ plans to boost production in April but noted the decision could be reassessed if market conditions shift. Technically, the first support is at $68.1, with subsequent levels at $65 and $63.6. On the upside, the initial resistance is at $70.2, followed by $73.3 and $75.80.
BLACKBULL:BRENT
by ChartMage
Bitcoin Drops 27% from Record High Amid Market SelloffBitcoin fell to $78,000 on Monday, down 27% from its all-time high, as crypto and stock markets lost a combined $6 trillion. Crypto market capitalization dropped 4% to $2.67 trillion, its lowest since November 9, shedding $1.2 trillion since December 17. Bitcoin hit a multi-month low, falling from its January peak of $107,000. Stocks mirrored the decline, with the S&P 500 losing $1.4 trillion—its worst single-day drop since 2022. The sharp selloff reflects a shift from risk assets, with the Fear and Greed Index plunging to 14, a two-year low, signaling extreme risk aversion. This contrasts with last year’s post-Trump election rally, where the index peaked at 92. Technically, the first support for BTC is at $78k, with subsequent levels at FWB:73K and $65k. On the upside, the initial resistance is at GETTEX:89K , followed by $95k and $100k.
BITSTAMP:BTCUSD
by ChartMage
Yen Steady Near 149 as BOJ Hints at Possible Rate HikesThe yen held near 149 per dollar, its strongest in five months, benefiting from a weaker dollar amid a stronger euro and Trump’s tariffs. While Trump eased tariffs for some automakers, retaliatory measures pressured the dollar. BOJ Deputy Governor Uchida signaled potential rate hikes if economic forecasts hold, noting financial conditions remain loose with minimal JGB reductions. Key resistance is at 152.00, with further levels at 154.90 and 156.00. Support stands at 148.60, followed by 147.10 and 145.80.
by ChartMage
Trade Uncertainty and Fed Stance Keep Silver Prices ElevatedSilver held at $32.50 per ounce after a 4.4% weekly gain, as trade tensions and U.S. inflation data kept investors cautious. Uncertainty grew after Trump warned of new tariffs on Canadian dairy and lumber, following a U.S. delay on 25% tariffs for Canadian and Mexican goods. Canada upheld retaliatory measures, while China’s tariffs on U.S. agriculture took effect. Concerns deepened after Trump avoided recession and inflation questions in a Fox News interview. Fed Chair Powell signaled no rush for rate cuts despite rising economic risks. If silver breaks above $32.75, the next resistance levels are $33.15 and $33.80. On the downside, support is at $31.00, with further levels at $30.20 and $29.75 if selling pressure increases.
FOREXCOM:XAGUSD
by ChartMage
Gold Strengthens on Trade Tensions and Safe-Haven DemandGold prices climbed toward $2,900 per ounce on Tuesday, supported by a weaker U.S. dollar and rising safe-haven demand amid economic uncertainty and escalating trade tensions. President Trump acknowledged recession risks after the U.S. delayed 25% tariffs on Canada and Mexico, while China imposed new tariffs on U.S. agricultural goods. Meanwhile, Fed Chair Jerome Powell cited economic concerns but ruled out immediate rate cuts. Investors are now awaiting U.S. inflation data for further guidance on the Fed’s policy outlook. Key resistance stands at $2,923, with further levels at $2,955 and $3,000. Support is at $2,860, followed by $2,830 and $2,790.
EIGHTCAP:XAUUSD
by ChartMage
UK Budget Forecasts and GDP Data Set to Shape Pound’s Next MoveThe pound hovered around $1.29, staying near a four-month high as dollar weakness persisted amid U.S. economic concerns and tariff risks. Sterling remained supported by expectations that UK interest rates will stay high, with traders adjusting BoE rate cut forecasts to 52 bps for 2025. Investors now await January GDP data for economic insights, while the UK’s budget watchdog will release updated economic and borrowing forecasts on March 26, potentially influencing market sentiment. If GBP/USD breaks above 1.2920, the next resistance levels are 1.2980 and 1.3050. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
by ChartMage
EUR/USD Flat Amid Market Uncertainty and Recession FearsThe EUR/USD pair remained stable on Tuesday, showing little movement as traders entered a data-heavy week in the U.S. markets. On Monday, global equities experienced a sharp sell-off, driven by rising recession fears, leading to broad market declines. However, EUR/USD traders are taking a cautious approach, awaiting key U.S. inflation data before committing to any major moves. Key resistance is at 1.0850, followed by 1.0900 and 1.0950. Support stands at 1.0730, with further levels at 1.0700 and 1.0650.
by ChartMage
Safe-Haven Yen Gains on Economic Risks, BOJ Policy UncertaintyThe yen rose to 147 per dollar, its strongest in five months, as US recession fears fueled safe-haven demand. Trump acknowledged economic risks, while Japan’s GDP growth was revised down to 2.2% from 2.8% due to weak consumption. The BOJ is expected to hold rates in March but may hike later this year. Finance Minister Kato warned of the real-world impact of FX volatility. Key resistance is at 149.20, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.
by ChartMage
TradeCityPro | Bitcoin Daily Analysis #29👋 Welcome to TradeCityPro! Let's dive into the Bitcoin analysis and the key crypto indicators. In this analysis, as usual on Mondays, I will also review last week's weekly candle for you and examine the long-term scenarios. 📅 Weekly Timeframe In the weekly timeframe, as you can see, the candle that closed yesterday is a completely bearish candle that registered without a shadow and a large body, and the price has again reached the 0.382 Fibonacci area. ✨ Since this candle was within the previous candle and did not show more volatility, we can say that the market will range in the upcoming candles because the volatility range of the chart has decreased. Therefore, the likelihood that the next candle will be a range is very high. 💫 However, if the market wants to fluctuate, the 0.5 and 0.618 Fibonacci areas, which overlap with the 75000 and 71000 areas, can act as supports in case of a decline. For a market upturn, the significant areas are 90000 and 104000. 📊 The market volume has also been bearish in the last two candles and in favor of the sellers, but an important point is in the RSI. The area at 44.20 is a very important support that has started the next upward leg each time the RSI has reached this area during this uptrend. ✅ Breaking this area in the RSI would mean the loss of market upward momentum and we would receive the first sign of a trend change. 📅 Daily Timeframe In the daily timeframe, after breaking 92354 and the price pulling back to this area, the price has moved downward and has again reached the support range between the 0.5 and 0.618 Fibonacci. 🔽 If this range is lost, the price will move towards further support areas like 72753. 🎲 Market volume has also increased last week, which is because the price has finally exited the box between 92354 and 106283, and more volume has entered the market. ☘️ If the price is supported by the Fibonacci range and moves upwards, the main trigger for confirming a trend change will be 92354. ⭐️ The current main resistance area in Bitcoin is at 106283, and breaking this area could potentially lead to further movements and the recording of new ATHs. ⏳ 4-Hour Timeframe In the 4-hour timeframe, as you can see, after breaking the trend line, the trigger was activated, and the price moved downward yesterday. 📉 I told you yesterday that the price could drop to the 83151 area. As you can see, this has happened, and the price has even fallen more than 83151 and now seems to be pulling back to this area. Let's move to the one-hour timeframe to check today's triggers. ⏳ 1-Hour Timeframe In the one-hour timeframe, as you see, after breaking 85552, the price made a downward move and dropped to around the 80000 area. 🔽 Currently, the price has moved towards the 83151 area and, after a fake break, has returned below this area. 🧩 If the price reacts to the 83550 area again, I will move the 83151 line, but if this break is a fake, a downward momentum could enter the market, and in this case, with the break of 81288, we can open a short position. 👀 The current main support that the price has is at 78940, and breaking this area would also register another corrective leg. 👑 BTC.D Analysis Let's move to the analysis of BTC.D. As you see, yesterday dominance faked above its range box and after breaking 61.61 moved downward again, and now it can move downward with more momentum. 💥 The main trigger for the dominance to turn bearish is at 61.08; the next support in this case will be 60.40. For the dominance to turn bullish, our trigger remains the break of 61.61. 📅 Total2 Analysis Let's move to the analysis of Total2. As you observe, after the support at 1.07 was broken yesterday, Total2 made another downward leg and reached its main support at 1.01. As you see, Total2 is at a lower level than Bitcoin because yesterday, as the market fell, Bitcoin dominance increased, causing altcoins to drop more than Bitcoin. 🧲 The trigger for opening a short position today is the break of 1.01, and for now, we have no trigger for a long position and must wait until the price creates a suitable structure for a long. 📅 USDT.D Analysis Moving on to the analysis of Tether dominance, as you see, after breaking 5.14, we witnessed an upward leg that continued up to the ceiling of 5.50, and currently, a box has formed between 5.30 and 5.50. 🔑 If the 5.50 area is broken, we will see an upside expansion, and dominance might move towards higher targets. However, if dominance again falls below 5.30, it will move ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
23
TradeCityPro | Bitcoin Daily Analysis #28👋 Welcome to TradeCityPro! Let's dive into Bitcoin analysis and key crypto indices. As usual, I’ll review the futures session triggers for New York. ✨ Market conditions haven’t changed at all compared to yesterday, and Bitcoin has a ranging box that might break today. ⏳ 1-Hour Timeframe As you can see, in the 1-hour timeframe, after breaking the trendline, the 85552 trigger is crucial. If this level is broken, it confirms the trendline break, which means the price could move toward lower support levels. ✅ Currently, the price has broken this area, and the RSI trigger has also been activated. If you opened a position with this break, I recommend waiting to see from which area the price gets rejected. 🔽 For a short position today, there isn’t really any specific trigger, so if you don’t have a position, you should observe for now. However, if the 85552 break turns out to be fake, bullish momentum could enter the market. In that case, you can enter a position with a break of 86949. ⚡️ I don’t have any other moves for Bitcoin because the short trigger is already activated, and today is Sunday, so there’s no need to focus too much on altcoins. Let’s move on to dominance analysis to assess altcoins' conditions. 👑 BTC.D Analysis Looking at Bitcoin dominance, you can see that it is still ranging and hasn’t started any particular trend yet. 🧲 If 61.61 breaks, it confirms bullish dominance, while a break of 61.08 would confirm bearish dominance. The main range is between 60.40 and 62.19. 📅 Total2 Analysis Checking Total2, just like Bitcoin, this index has also activated its entry trigger and is moving downward. 🎲 Currently, after breaking the 1.07 area, the next support level is at 1.01, and the probability of reaching this level is high. If this downward move turns out to be fake, the 1.09 trigger would be suitable for a long position. 📅 USDT.D Analysis Looking at Tether dominance, you can see that after yesterday’s pullback to 5.08, the 5.14 trigger has been activated, and dominance is moving upward. 💫 The issue I mentioned yesterday was that there was no momentum, but now bullish momentum is visible. The target it can move towards is the 5.30 area. 📊 If the 5.14 break turns out to be fake, the 5.08 trigger would be suitable for confirming the fake break. 🧩 Overall, there aren’t any significant triggers in the charts today. If you didn’t open a position during the London session and want to have one, you should look for altcoins that haven’t activated their triggers yet. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
1
TradeCityPro | Bitcoin Daily Analysis #27👋 Welcome to TradeCity Pro! Let's dive into the analysis of Bitcoin and the key crypto indices. Today, as usual, I want to review the important futures triggers for the New York session. 📰 Yesterday, Trump and Powell had speeches, but contrary to expectations, they didn't make any significant statements. As you can see, their remarks had little to no impact on the charts. ⏳ 1-Hour Timeframe On the 1-hour timeframe, as observed, Bitcoin hasn’t reacted to yesterday’s events, and price action has been normal, with no unusual candles. Therefore, we will ignore the news and focus on our regular trading triggers. ✅ Currently, Bitcoin has broken the trendline formed yesterday and is near its trigger level at 85,552. Market volume is extremely low, which indicates that a big move is approaching. If this level breaks, a position can be opened. 📊 However, keep in mind that one reason for the low volume is that today is Saturday, a market holiday, meaning the price might continue ranging, and volume could drop even further. 📉 Regardless, the break of 85,552 is a crucial trigger, and if this level fails, Bitcoin could drop to lower supports like 83,151 and 78,940. Therefore, I will open a short position if this trigger is activated. The break of 37.93 on RSI will confirm this position. 🔼 For a long position, a major resistance has formed at 86,849, and if this level breaks, the trendline breakdown will be invalidated, and the price could push higher. 👑 BTC.D Analysis Moving on to Bitcoin dominance, as seen on the chart, nothing has changed—BTC.D is still ranging. ⚡️ If BTC.D breaks below 61.08, it could drop to 60.40.If BTC.D breaks above 61.61, more capital will flow into Bitcoin. 🎲 Overall, BTC dominance has been ranging for a long time, making it hard to analyze. As a result, there aren't many scenarios to discuss. 📅 Total2 Analysis Now, let’s analyze Total2 and find suitable triggers for this index. ⚡️ The trigger for this index has not yet been activated.For a short position, enter if 1.07 is broken.For a long position, the closest trigger is at 1.13. 📅 USDT.D Analysis Moving on to Tether dominance, this index has finally confirmed a breakout above 5.08 and even pulled back to retest this level. 💥 However, as seen from the candles above this area, there is no strong momentum in either direction. The price has no clear upward or downward acceleration. 🌿 A strong bullish confirmation for USDT.D would be a powerful green candle closing above this zone. 🔽 A bearish confirmation would be a drop back below 5.08, which would serve as the first sign of weakness in Tether dominance. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
6
TradeCityPro | Bitcoin Daily Analysis #26👋 Welcome to TradeCity Pro! Let's delve into Bitcoin analysis. Today is a pivotal day for the market with significant news and meetings that could greatly impact the market's future direction. ✨ Today, instead of dominance analysis, I want to explore the potential outcomes of today's sessions. ✅ The first session tonight is the Federal Reserve meeting where Jerome Powell will speak and announce the U.S. central bank's policies. 📈 In this session, if Powell announces a rate cut, we will definitely witness a market pump. This scenario seems plausible as U.S. inflation is currently under control, and there's no reason for an interest rate hike. 📊 If the interest rates are announced to remain steady and Powell indicates that no cuts are planned for a long duration, the market will likely fall. If the rates are raised, it will induce panic in the market, leading to significant drops. ⚡️ The next session is Trump's speech about the Crypto Reserve. Officially, it was decided yesterday that the U.S. will have a Crypto Reserve, but it will not enter the market as a buyer for now. Instead, it will introduce blocked funds, such as those from Silk Road, into this reserve. 🧲 Today's session where Trump speaks is crucial as it's the first time a U.S. president will hold a session specifically about crypto, making every statement he makes significant. 🔼 If he speaks positively about crypto, we will definitely witness a market pump, especially among American altcoins. Considering Trump himself owns a significant amount of crypto, it's highly likely he'll speak positively. 💫 On the other hand, there's no reason for Trump to speak negatively about crypto as it would undermine the enactment of the Crypto Reserve, which is very important to him. 💥 However, given the significant differences between Trump and Powell regarding crypto, these differing views could lead to unusual market volatility. ☘️ For instance, Powell might keep the interest rates steady or even increase them, which would cause the market to drop. On the other hand, to assert his influence, Trump might speak very positively about crypto, causing the prices to pump. 🔍 These manipulations in the short term lead to severe volatility and are not good for the market, but we need to see how these two sessions conclude and the statements made to carry out a long-term analysis. 📄 Here's a list of attendees at Trump's session: 🔹 Senior officials and figures from the crypto industry at the White House. 🔹 A crypto summit held by Trump at the White House on March 7th is one of the most significant events in history. The list of confirmed guests at this summit is as follows: ✅ Confirmed officials from the White House: Bo Hines - Executive Director of the Presidential Advisory Council on Digital Assets David Sacks - Special Advisor on AI and Digital Currencies Mark Uyeda - Interim Chair of the U.S. Securities and Exchange Commission (SEC) Caroline Pham - Interim Chair of the U.S. Commodity Futures Trading Commission (CFTC) ✅ Confirmed figures from the crypto industry: Michael Saylor - Founder of Strategy David Bailey - CEO of Bitcoin Magazine Matt Huang - Co-founder of Paradigm JP Richardson - CEO of Exodus Kyle Samani - Managing Partner at Multicoin Capital Zach Witkoff - Co-founder of Trump-linked World Liberty Financial Sergey Nazarov - Co-founder of Chainlink Brian Armstrong - CEO of Coinbase Vlad Tenev - CEO of Robinhood Arjun Sethi - CEO of Kraken Kris Marszalek - CEO of Crypto.com Brad Garlinghouse - CEO of Ripple 🎲In the unconfirmed section, notable names such as Vitalik Buterin, Scott Bessent, and Hoskinson are seen, though they have not been officially confirmed yet. ⭐️ Now that we've reviewed these sessions, let's move on to Bitcoin analysis to see what technical events might occur today. ⏳ In the 1-hour timeframe, it's clear that traders are waiting for Trump's and Powell's speeches to decide their actions based on today's meetings. 📈 I can't give you a specific trigger today because any position you open will be influenced by the news, and opening positions today is akin to gambling, entirely dependent on the statements made in the sessions. 🔽 If the news is negative, the important support areas are 86802, 83151, and 78940, which can prevent a price drop if the news is negative but doesn't induce panic. 📉 If the news causes panic, we might even see a 20% red candle, in which case no support levels will be respected, and we'll have to see when the market panic ends. 🔼 If the news is positive for the market, the significant resistance areas are 94355 and 98482, which can act as supply zones. ⚡️ That's all for today's analysis. Be very cautious with the market today, and I recommend that you closely monitor the market during the session to experience this significant event. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Long
by tradecitypro
16
Dollar Decline Propels Silver Above $32Silver extended its rally beyond $32 per ounce in early March, supported by a weaker U.S. dollar. The U.S. imposed new tariffs on Canadian, Mexican, and Chinese imports, prompting Canada’s 25% counter-tariffs and China’s additional levies of 10%-15%, along with export restrictions on select U.S. entities. Investors now focus on Friday’s U.S. nonfarm payrolls report for clues on the Federal Reserve’s monetary policy outlook. If silver breaks above $32.75, the next resistance levels are $33.15 and $33.80. On the downside, support is at $31.00, with further levels at $30.20 and $29.75 if selling pressure increases.
FOREXCOM:XAGUSD
by ChartMage
Policy Volatility Keeps Gold at $2,900Gold hovered around $2,900 per ounce, set for a weekly gain. While Trump temporarily paused 25% tariffs on most Canadian and Mexican goods, Canada’s retaliatory tariffs remain, and China’s countermeasures take effect next week. U.S. labor data showed mixed signals as layoffs hit a 2020 high per the Challenger report, while jobless claims fell more than expected. Investors now await the non-farm payrolls report for further labor market insights and potential Fed policy impact. Key resistance stands at $2,923, with further levels at $2,955 and $3,000. Support is at $2,860, followed by $2,830 and $2,790.
EIGHTCAP:XAUUSD
by ChartMage
GBP/USD at 1.2880, Awaits NFP ReportGBP/USD holds modest gains around 1.2880 in Friday’s Asian session, recovering from the previous decline as investors await the US Nonfarm Payrolls (NFP) report. Meanwhile, the US Dollar Index (DXY) extends its five-day decline, pressured by falling Treasury yields, with the 2-year at 3.94% and the 10-year at 4.24%. Markets increasingly expect the Federal Reserve to adopt a more aggressive rate-cutting stance due to economic growth concerns. Analysts at MUFG Bank suggest the Fed may shift focus from inflation control to economic growth, especially amid tariff uncertainties. Consumer confidence has weakened, reflecting rising household concerns. In the UK, expectations for BoE rate cuts in 2025 have dropped below 50 basis points. BoE’s Catherine Mann stated that gradual rate changes are ineffective in volatile markets, advocating for larger cuts to provide clearer policy signals. If GBP/USD breaks above 1.2920, the next resistance levels are 1.2980 and 1.3050. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
by ChartMage
Euro Surges Above $1.08 on ECB Rate CutThe euro rose above $1.08, hitting a four-month high after the ECB’s expected 25bps rate cut. The central bank signaled a less restrictive stance but hinted at a pause in further cuts, shifting its rhetoric away from "restrictive policy." Markets now anticipate one or two more 25bps cuts this year. The euro also gained support from expectations of increased government spending. EU leaders are meeting for a special defense session, where Commission President Ursula von der Leyen proposed an €800 billion plan, including €150 billion in loans, to strengthen defense capabilities despite budget constraints. Key resistance is at 1.0840, followed by 1.0900 and 1.0950. Support stands at 1.0730, with further levels at 1.0700 and 1.0650.
by ChartMage
TradeCityPro | Bitcoin Daily Analysis #25👋 Welcome to TradeCity Pro! Let's dive into the analysis of Bitcoin and the key crypto indices. Today, I want to review the important futures triggers for the New York session. Yesterday, the market made an upward leg. Let’s analyze to see what triggers are suitable for today. ⏳ 1-Hour Timeframe As observed in the 1-hour timeframe, following the activation of the trigger at 88258, the price moved upwards and broke through the 90513 area, and is currently pulling back to this area. ⚡️ An interesting point about the Fibonacci zones is that even now, as the price is projecting after correction, it is respecting the Fibonacci zones as resistance. As seen, breaking through each of these zones results in a short upward leg that can be traded in shorter timeframes. ✅ A negative aspect visible from yesterday till now is the divergence in volume, which is decreasing during upward legs and seems to increase during corrections, indicating a divergence. 📊 Given that the price has not yet reached the 94355 ceiling and is currently forming a lower peak relative to this area, breaking 90513 and 53.29 on the RSI could allow for a risky short position. Be cautious as this position isn't very secure due to the weak trend momentum, potentially preempting a trend change. 🔼 The primary short position can be entered upon the breach of 88258. This area is currently a significant support, and if the price consolidates below this area, it could move towards 83151. 🛒 For long positions, the only trigger we currently have is 94355, and I can't provide an earlier trigger because the price is very close to this area. Taking a long position before this area is breached might lead to a stop-out. However, if you're eager for a long position and a pullback to 90513 is confirmed, you might consider entering a very risky long position. 🔑 If you already have multiple open positions from previous triggers, you might consider securing profits or closing one. If you have a single position open, you need to decide whether to take the risk of Trump’s session and keep it open in hopes of a market pump or play it safe and close it beforehand. 👑 BTC.D Analysis As observed, dominance continues to oscillate between 60.40 and 61.61, having been rejected from the 61.61 ceiling and returned to the box. 🎲 Given the current downward momentum of dominance, we can expect a continued decline to the bottom of the box, which could potentially propel altcoins upwards. However, if dominance successfully closes above 61.61, more capital will flow into Bitcoin, pushing it higher. 📅 Total2 Analysis Yesterday, we saw an upward movement in Total2 after it solidified above the 1.13 area, allowing some altcoins to make an upward leap. We don’t have a specific trigger for long positions in Total2 today, but a crucial note about altcoins is that American-origin altcoins like HBAR, AAVE, XRP, ADA could pump significantly if Trump makes positive remarks about crypto, so keep an eye on these if they trigger. 🎲 For short positions, the only trigger in Total2 currently is the fake breaking of the 1.13 breach. 📅 USDT.D Analysis USDT dominance found support at 4.82 and formed a green candle on this level. Given it had previously faked a break of this area, we might prematurely confirm its bullish turn. 🌿 If the 4.82 level is broken again, we can confirm the downward trend in dominance, which could cause the market to move upward. For a bullish confirmation, a higher low and high above 4.82 would confirm a bearish market direction. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Long
by tradecitypro
1
Precious Metals Gain as U.S. and China Exchange New TariffsSilver surged past $32.5 per ounce in early March, fueled by a weaker dollar and safe-haven demand amid escalating trade tensions. The U.S. imposed tariffs on Canada, Mexico, and an additional 10% on Chinese goods, raising China's total tariff to 20%. In response, Canada levied a 25% tariff on $155 billion of U.S. imports, while China announced 10%-15% tariffs on U.S. goods starting March 10 and new export restrictions. Traders now await Friday’s U.S. nonfarm payrolls report for Fed policy signals. If Silver breaks above $32.75, the next resistance levels are $33.15 and $33.80. On the downside, support is at $31.00, with further levels at $30.20 and $29.75 if selling pressure increases.
FOREXCOM:XAGUSD
by ChartMage
Safe-Haven Demand Lifts Gold Amid US Tariff UncertaintyGold rose above $2,920 per ounce, nearing record highs, as a weaker dollar and trade uncertainty drove safe-haven demand. Trump granted US automakers a one-month exemption from 25% Canada-Mexico tariffs and hinted at more changes. A US official suggested lifting the 10% tariff on Canadian energy if trade conditions are met. Meanwhile, China filed a revised WTO complaint in response to new US tariffs. Investors await the non-farm payrolls report for Fed policy signals. Key resistance stands at $2,923, with further levels at $2,955 and $3,000. Support is at $2,860, followed by $2,830 and $2,790.
EIGHTCAP:XAUUSD
by ChartMage
Pound Surges on BoE Policy OutlookThe British pound climbed to 1.289, its highest since November 12, increased by a weaker dollar, US economic concerns, and tariff effects. Expectations of prolonged high UK rates also supported the pound. BoE Deputy Governor Ramsden warned of persistent wage-driven inflation but noted rate cuts could accelerate if needed. The pound appears less exposed to US tariffs after Trump hinted at a possible UK trade deal. If GBP/USD breaks above 1.2920, the next resistance levels are 1.2980 and 1.3050. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
by ChartMage
ECB Rate Cut Expected as EU Unveils €800B Defense PlanThe euro neared $1.08, a four-month high, as increased defense spending and borrowing strengthened Eurozone optimism. Germany’s CDU/CSU and SPD agreed to exceed 1% of GDP in defense spending and create a €500 billion off-budget fund. EU plans to mobilize €800 billion for defense, with €150 billion in loans and more fiscal flexibility. The ECB is expected to cut rates for the fifth time this week. Key resistance is at 1.0840, followed by 1.0900 and 1.0950. Support stands at 1.0760, with further levels at 1.0700 and 1.0650.
by ChartMage