Is that the bullish confirmation for 15€ TKA ?!Depending on how the market reacts to our green Overall Correction Level (OCL), we might actually see a net gain through Trump’s tariff war. Sure, the OCL has the potential to slam us down hard—but if we break through it...
Oh boy—there’ll be nothing stopping TKA from charging straight to €15–€16.
That zone, in my eyes, is a major key level, with the next high timeframe resistance sitting right there. That’s exactly where I’ll be looking to take massive profits on my spot buys.
So what’s it going to be—will the green OCL hold us back, or are we about to see a clean break and liftoff?
The setup is there. Let’s see who blinks first.
Trend Analysis
NASDAQ: Cyclical correction most likely completed. ATH by June?Nasdaq remains oversold both on its 1D (RSI = 25.630) and 1W (RSI = 28.851, MACD = -442.980, ADX = 36.399) technical outlook as yesterday's rally is being corrected today on strong technical selling. Long term it looks like this was a cyclical correction, reached -25%, hit the 3W MA50/1W MA200 zone (which has been the best buy entry in the past 10 years) that has most likely been completed. In addition, the 1W RSI is on the same oversold levels as May 16th 2022, the lowest it has been since 2008. According to the Fibonacci Channel Up, the market can hit 22,300 as early as June.
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USDCAD IS DRROPPING. DETAILED TECHNICAL AND FUNDAMENTALSUSDCAD is currently trading around 1.4200 after a clean retest of a previously broken support zone, which has now turned into a strong resistance level. Price action is confirming the bearish structure as we see a gradual yet consistent drop from the highs of 1.4540. With the rejection seen from the supply zone and recent lower high formation, momentum is shifting further in favor of the sellers. I am now targeting 1.3800 for the next key level, aligning with both technical confluence and fundamental sentiment.
Technically, the structure is clear: we had a failed breakout above 1.4450, followed by a decisive bearish engulfing move. The market then completed a textbook retest at the 1.4340–1.4450 supply zone before resuming the downside move. The current formation on the 12H chart shows a lower low and lower high sequence intact, signaling a trend continuation to the downside. The highlighted zones also provide ideal reward-to-risk setups for continuation traders.
From a fundamental perspective, the Canadian dollar is gaining strength due to rising oil prices, with WTI crude now climbing back above the $85 mark. This directly supports the loonie given Canada’s oil-export-driven economy. Meanwhile, US economic uncertainty around upcoming CPI data and shifting Fed rate cut expectations continue to weigh on the dollar’s upside momentum. Additionally, recent risk-on sentiment in global markets is pushing flows into commodity-linked currencies like CAD.
With technicals and fundamentals aligning, I remain firmly bearish on USDCAD. As long as price remains below the 1.4340 resistance, I’m looking for continuation toward the major demand zone near 1.3830–1.3800. This setup offers a clean 1:3+ risk-to-reward profile, and I will be scaling in further on bearish confirmations as the market progresses.
THORChain: Your Altcoin ChoiceTHORChain (RUNE) looks great, for buyers. Right now the action is happening right above a major low, the November 2022 low.
RUNEUSDT hit a major low in November 2022 together with Bitcoin. It then went on to produce a lower low that was followed by a ~1,400% bullish wave. This is only the preview pre-bull market year. In this bull-market year, growth should be much stronger.
Much of this bullish wave has been erased, corrected and now RUNEUSDT stands above long-term support. This is the buy-zone, a long-term buy-zone. The accumulation zone.
This is a great place/price to buy-up, buy-in, rebuy and reload. Buy, buy, buy, buy focusing on the long-term. This is truly a great opportunity and entry price. We do not focus on the fact that prices are dropping nor the short-term. We focus on the future and the potential we have for growth.
Just as the 2022/2023 bearish cycle produced a major bullish phase; this strong correction we are seeing now in early 2025 will launch the next bull market, growth will be many times bigger compared to the last wave.
This is a good one. You are wise if you are looking at this pair.
Thanks a lot for your continued support.
RUNEUSDT (THORChain), Your TOP Altcoin Choice.
A strong and solid target for this cycle can be $30. It can go higher just as it can reach lower, but this is a good level to look for. A good price to use as a reference point.
Namaste.
The Nifty spot weekly analysisBased on my analysis, the Trend Trading indicator continues to signal a bullish outlook, with a strong support level at 22,150. However, if Nifty Spot closes below this level on a weekly basis, the next potential support could be around 20,241. Considering the influence of the time factor on price movements, market bearishness may persist until the end of June 2025, with a possible positive shift beginning in July.
Dollar Index Bullish to $111.350 (UPDATE)Since yesterday's Dollar update, price has moved according to our arrow. We saw a small dip down overnight & now buyers have once again pushed price back into the grey zone.
We are expecting price to remain within this grey zone, seeing it flip from a resistance zone into support. Once price closes above this zone, we'll have extra confirmation that Dollar buyers are ready to push price even higher🚀
NQ Range (04-09-25)NAZ Range, again. The range to watch is 16,700 - 18,300. This chart may be viewed as 2024 being a Long Trap set up, KL 17,500 is Long above and Short below for now. Look for the NAZ to retest the KL and rotate around inside the range. Lower yellow circle, lower range break out over the Danger Zone Edge (16,500-300). Looking move sideways than lower PA today and for next few days, should push/pull PA show up, look SHORT.
USUAL is waking up - the beginning of a new bullish wave?This analysis is an update of the analysis you see in the "Related publications" section
We previously had accurate analyses of USUAL, correctly identifying the highs and lows.
Based on the type of custom order flow visible on the chart and recent candlestick formations, it seems that the buy orders in the lower green zone have been sufficient to trigger a trend reversal.
We’ve now identified a new zone. the upper green zone. as a rebuy area, where we’ll be looking for buy/long positions.
Targets are marked on the chart.
A daily candle closing below the upper green zone would invalidate this outlook.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
No Trades on EURUSDYesterday, EURUSD bounced off 1,0885 and climbed back above the 1,1000 level.
This move offered some short-term buying opportunities.
However, there’s no clear reason to enter new trades at the current levels.
Keep an eye on how the price reacts to the resistance zones.
Tomorrow, U.S. inflation data will be released, which is likely to trigger some market movement.
#NIFTY Intraday Support and Resistance Levels - 09/04/2025Today will be slightly gap down opening expected in nifty. After opening if nifty starts trading below 22450 level then possible sharp downside rally in index upto 22250 level. 22250 will act as a strong support for today's session. Any major downside in index expected below this support level. Upside rally expected if nifty starts trading and sustain above the 22550 level in today's session
Potential bullish bounce?NZD/USD is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 0.5613
Why we like it:
There is a pullback support level.
Stop loss: 0.5551
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 0.5707
Why we like it:
There is a pullback resistance level that is slightly below the 161.8% Fibonacci retracement.
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EUR/USD Approaching a Key Decision Point – Breakout or Pullback📊 Daily Technical Analysis – EUR/USD (April 2025)
The EUR/USD pair is approaching a critical resistance zone on the daily chart, with price action showing signs of both trend continuation and potential exhaustion. Traders should brace for volatility as the pair hovers near a multi-month high.
📈 Trend Overview:
Since rebounding from the 1.0700 support area in early March, EUR/USD has maintained a steady bullish trend, forming a clean structure of higher highs and higher lows.
The overall sentiment remains bullish in the medium term, but the pair is now pressing into a strong resistance zone near 1.0980 – 1.1050, where price previously stalled multiple times in late 2023.
🧱 Key Resistance Levels:
1.0980 – 1.1050: A major resistance block; a clean daily breakout above this zone could trigger renewed buying pressure and open the door for a move toward 1.1200.
1.1270: A key swing high from July 2023, and a likely target if bulls maintain control.
🛡️ Key Support Levels:
1.0870: A short-term support level and previous consolidation zone.
1.0740: A key higher low and critical structure — losing this level could suggest a shift toward a broader range-bound market.
1.0700: March’s reaction low and a major psychological level for euro bulls.
📐 Technical Structures:
Price action is showing signs of forming a rising wedge pattern — typically a sign of weakening bullish momentum, especially when it appears near strong resistance.
That said, if buyers manage to break through the upper boundary with strong conviction, this setup could transform into a bullish continuation — invalidating the wedge as a reversal pattern.
Also, the pair remains inside a bullish price channel, which has guided the trend since mid-March.
🧭 Potential Scenarios:
✅ Bullish Breakout:
A strong daily close above 1.1050 would likely confirm the breakout, targeting 1.1200 and possibly 1.1270 as bullish extensions. This could align with further dollar weakness or positive eurozone data.
❌ Bearish Rejection:
If the pair fails to break the resistance zone and forms reversal candlesticks, a pullback toward 1.0870 or even 1.0740 becomes likely. A break below 1.0700 would be a strong bearish signal, opening the path toward deeper retracement.
📌 Conclusion:
EUR/USD is pressing into a decisive resistance zone after a sustained bullish rally. Price action is king here — a breakout above 1.1050 may confirm bullish continuation, while rejection could trigger a healthy correction. Keep a close eye on daily closes and candle structure in the coming sessions.
💬 How do you see EUR/USD playing out from here? Are we in for a breakout or a top? Share your thoughts 👇
Falling towards 61.8% Fibonacci support?EUR/JPY is falling towards the pivot which has been identified as a pullback support and could bounce tot he 1st resistance which acts as a pullback resistance.
Pivot; 160.52
1st Support: 159.67
1st Resistance: 162.16
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.
CRUDE OIL (WTI): Important Support Clusters to Watch
On a today's live stream, we discussed potentially significant
historic supports on WTI Crude Oil to watch.
Support 1: 57.0 - 59.0 area
Support 2: 52.5 - 54.6 area
Support 3: 48.8 - 50.4 area
Support 4: 40.6 - 43.7 area
The price is currently testing a lower boundary of Support 1.
It perfectly matches with a completion point of a harmonic ABCD pattern.
It looks like we may see some pullback soon.
❤️Please, support my work with like, thank you!❤️
Risk OFF = further JPY strength? Yes - SELL EURJPYAll the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
www.tradingview.com
EUR/USD NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
Bullish bounce off pullback support?AUD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 89.50
1st Support: 87.82
1st Resistance: 93.06
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.
EURGBP Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for selling opportunity around 0.85700 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85700 support and resistance area.
Trade safe, Joe.