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USDCAD (1M) Bullish Pennant Structure and H ProjectionUSDCAD (1M) — Technical and Fundamental Analysis: Bullish Pennant Structure and H Projection On the monthly chart of USDCAD, a bullish pennant structure has been formed and confirmed with a breakout followed by a clean retest of the upper boundary. The price broke out of the consolidation zone with momentum and is currently holding above the key support at 1.3802. The structure remains active: the first target based on the projected move is 1.4905. If the impulse continues and the market structure remains intact, extended targets lie at 1.5690 (1.272), 1.6100 (1.414), and 1.6689 (1.618) Fibonacci expansions. Technically, the 1.3802 level (0.618 retracement) is the critical support. If this zone holds, the bullish scenario remains valid. The nearest resistance is 1.4287 (0.786), and a confirmed break above this level would likely trigger the next phase toward 1.49. Volume increased during the breakout, confirming strong buyer interest. Fundamentally, the setup is supported by diverging monetary policies: the Bank of Canada has signaled a more dovish stance due to slowing inflation and economic softness, while the Federal Reserve remains more neutral and cautious about rate cuts. In addition, oil prices — a key factor for the Canadian dollar — are under pressure, weakening the CAD further. Broader macro uncertainty and the global demand for USD as a reserve and safe-haven asset continue to support the dollar, strengthening the USDCAD pair. Conclusion: As long as the price holds above the 1.38 zone and confirms above 1.4287, the bullish structure remains in play with a target of 1.4905 and potential extensions to 1.5690–1.6100.
Long
by TotoshkaTrades
GOLD Trending Higher - Can buyers push toward 3,500$?OANDA:XAUUSD is trading within a clear ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting there's chances for potential continuation on the upside. The price has recently broken above a key resistance zone and may come back for a retest. If this level holds as support, it would reinforce the bullish structure and increase the likelihood of a move toward the 3,500 target , which aligns with the channel’s upper boundary. As long as the price remains above this support zone, the bullish outlook stays intact. However, a failure to hold above this level could invalidate the bullish scenario and increase the likelihood of a pullback toward the channel’s lower boundary. The recent surge in gold prices is driven by escalating U.S.-China trade tensions and a weakening U.S. dollar. Gold reached a record high of $3,390 per ounce, fueled by concerns over global economic stability and increased demand for safe-haven assets. Analysts have raised their three-month gold forecast, due to ongoing market uncertainties.​ Despite the upward momentum, I think still gold may be overbought in the near term, indicating potential for a short-term correction . Nevertheless, the overall bullish trend remains strong, supported by geopolitical tensions, central bank purchases, and investor demand for strong assets.​
OANDA:XAUUSDLong
by TrendDiva
87
XAUUSD buy opportunity targeting 3400XAUUSD buy opportunity targeting 3400 1. A golden opportunity emerges as XAUUSD eyes a bullish breakout. 2. Current market dynamics strongly favor long positions in gold. 3. Investor sentiment shifts amid global economic uncertainties. 4. Safe-haven demand fuels upward momentum in precious metals. 5. Technical indicators signal strong support and bullish continuation. 6. The 3400 target aligns with historical resistance and Fibonacci extensions. 7. Central bank policies and inflation concerns bolster gold's appeal. 8. Volatility in fiat currencies drives capital toward tangible assets. 9. Momentum traders are positioning early ahead of the breakout. 10. A strategic buy now could yield significant returns as gold ascends.
OANDA:XAUUSDLong
by XAUUSD-Trade-ideas
3
FHN: Bearish retest after channel break – more downside ahead?First Horizon Corporation is a regional U.S. banking company offering commercial, mortgage, and investment services. It operates mainly across the southern United States and is among the largest regional banks in its sector. Technical Analysis: FHN recently broke down from a long-term ascending channel and is now retesting the lower boundary as resistance. Price stalled near 18.65 with weakening bullish momentum. RSI is trending lower and volume on retest is soft. Key downside levels: 15.00, 13.50, and possibly 10.24 if weakness continues. Fundamentals: FHN faces headwinds from tightening monetary policy, rising credit costs, and profitability pressures. Regional banks are under investor scrutiny following sector instability. Latest earnings report showed declining margins and weaker guidance. Scenarios: Bearish bias – rejection at 18.65 → drop toward 15.00 → 13.50 → 10.24 Bullish reversal – break back above 18.65 → re-entry into channel toward 21.00+
NYSE:FHNShort
by TotoshkaTrades
GOLD Trending Higher - Can buyers push toward 3,300$?OANDA:XAUUSD is trading within a well-defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting a potential continuation. The price has recently broken above a key resistance zone and may come back for a retest. If this level holds as support, it would reinforce the bullish structure and increase the likelihood of a move toward the 3,300 target , which aligns with the channel’s upper boundary. As long as the price remains above this support zone, the bullish outlook stays intact. However, a failure to hold above this level could invalidate the bullish scenario and increase the likelihood of a pullback toward the channel’s lower boundary. Remember, always confirm your setups and use proper risk management.
OANDA:XAUUSDLong
by TrendDiva
168
Gold hovers at the All-Time High (ATH)Gold Analysis Update: As Gold hovers at the All-Time High (ATH), it's crucial to observe how the market behaves during the London session, which is known for its high liquidity and volatility. After taking the Asian session high, the price action is now poised to potentially revisit the marked Fair Value Gap (FVG) zone. If the market retraces to this zone and provides a bullish confirmation, such as a strong bullish candlestick pattern or a break above a key resistance level, it could set the stage for a beautiful buy-side trade setup. This would potentially offer a lucrative trading opportunity for those looking to capitalize on the ongoing bullish trend. Let's closely monitor the price action and wait for the market to provide a clear signal before making any trading decisions.
OANDA:XAUUSD
by Peter_Wade