GBPNZD: Support Rebound! Target 2.26 on the Horizon? The weekly chart of GBPNZD shows a consolidation phase following a strong bearish impulse. The price has reacted positively from the support area around 2.2200, forming a significant bullish candle that could indicate a rebound towards the resistance area at 2.2600. The positive momentum suggests a possible test of the intermediate resistance at 2.2500, with the RSI gradually rising from an oversold zone.
Fundamental Analysis
According to the COT data updated as of April 29, 2025, we observe an increase in long positions on GBP by institutional traders, with an increment of +10,665 contracts. On the other hand, commercial traders (hedgers) continue to maintain a significant short exposure on GBP. This imbalance may suggest a potential short-term speculative interest in a bullish GBP move.
Regarding NZD, the latest COT report shows a significant increase in commercial long positions (+3,884 contracts), indicating a strengthening of the New Zealand dollar. However, the overall market sentiment shows a prevalence of short positions on GBPNZD (59% short vs. 41% long), suggesting that retail traders might be on the wrong side of the market.
Seasonal Analysis
Historically, in May, GBP tends to show weakness (-0.0076 over the last 20 years), while NZD does not show a clear seasonal pattern. This could reduce the likelihood of a decisive GBP movement during this month.
Operational Strategy
The rebound from 2.2200 could favor the opening of long positions with the first target at 2.2500 and the second target at 2.2600. The stop loss could be placed below the key support at 2.2100. In case of a resistance breakout, an extension towards the 2.2700 area would be plausible.
Signals
EUR-USD Support Cluster! Buy!
Hello,Traders!
EUR-USD is trading in an
Uptrend and the pair is
About to retest a support
Cluster of the rising and
Horizontal support lines
Around 1.1257 so after
The retest we will be
Expecting a local bullish
Rebound and a move up
Buy!
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GOLD WILL GROW FURTHER|LONG|
✅GOLD is trading in a strong
Uptrend so we are bullish
Biased and the price already
Made a bullish rebound from
The horizontal support
Around 3360$ so we will
Be expecting Gold to
To go further up
LONG🚀
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COINBASE Can the 1D MA50 catapult it to $400?Coinbase (COIN) has been trading within a Fibonacci Channel Up ever since the Bull Cycle started on the January 06 2023 market bottom. The price made a Double Bottom on April 07 following the correction from its most recent High in early December.
That is a strong long-term market Support and a clear Demand Level as the stock's immediate rebound showed. The fact that it has currently flipped the 1D MA50 (blue trend-line) into a Support and is consolidating is a clear signal of a Re-accumulation Phase.
A break above its 1D MA200 (orange trend-line) will technically confirm the extension of the new Bullish Leg. The previous High was on the 0.786 Fibonacci Channel level and the one before that on the 1.0 Fib. If this declining rate continues, we should be expecting the next High to just hit the 0.618 Fib.
As a result, we have $400 as a medium-term Target, slightly above the stocks previous All Time High (ATH) at $370.
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AUD-CHF Bearish Wedge Pattern! Sell!
Hello,Traders!
AUD-CHF has formed a
Bearish wedge pattern
And the pair is now trying
To make a bearish breakout
So IF the breakout is confirmed
We will be expecting a
Local bearish move down
Sell!
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CAKEUSD Ahead of a monumental Triangle break-out.PancakeSwap (CAKEUSD) has been trading within a Triangle pattern since the December 04 2024 High and the price has been on the tightest squeeze possible since.
As you can see, it has been ranged for the past 2 weeks withing the 0.382 - 0.618 Fibonacci range and this is also reflected on the 1D RSI sequence.
If the price breaks above the top of the Triangle (Lower Highs trend-line), we expect a rally towards the 2.0 Fibonacci extension (5.3000). Alternatively, you may target on a safer note either Resistance 1 or the 1.618 Fib ext.
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DOW JONES Can this Channel Up hold after the Fed Rate Decision?Dow Jones (DJIA) has been trading within a Channel Up since the April 24 Low and yesterday's correction (technically its Bearish Leg) stopped on the 4H MA50 (blue trend-line). Having formed already a Golden Cross, as long as this 4H MA50 holds, it should technically fuel the pattern's new Bullish Leg.
The 'weakest' Bullish Leg within this Channel Up has been +3.58%, so we expect a minimum repeat of that, giving a Target at 42100 on the short-term. This falls perfectly at the bottom of the 5 week Resistance Zone.
If this Channel Up doesn't get invalidated after today's Fed Rate Decision, it will most likely push the price there.
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SILVER Is Going Up! Buy!
Here is our detailed technical review for SILVER.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 3,288.3.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 3,391.4 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NZDCAD Will Go Lower! Short!
Here is our detailed technical review for NZDCAD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.825.
The above observations make me that the market will inevitably achieve 0.816 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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EURJPY BULLISH OR BEARISH DETAILED ANALYSIS ??EURJPY is currently trading around 162.800 and showing clear bullish momentum after a clean bounce off a strong support zone. Price has been consolidating above a well-established demand area, and today's candle confirms renewed buyer interest. The reaction from this level highlights a potential shift back to the upside, with 169.000 marked as the next significant target. The rejection wicks and structure suggest accumulation, with the market gearing up for a bullish continuation.
From a fundamental perspective, the euro is gaining strength on the back of better-than-expected economic data across the eurozone, while the Japanese yen continues to face broad pressure due to the Bank of Japan's dovish stance. The BOJ remains committed to ultra-loose monetary policy, which puts the yen at a disadvantage against stronger currencies like the euro, especially when inflation expectations in Europe remain sticky.
Technically, EURJPY has respected this support zone multiple times, creating a solid base of demand. Each test has been met with higher lows, reinforcing the bullish bias. The price action is forming a classic support-retest continuation pattern, and if this structure holds, we could see a swift move toward 169.000. Volume and momentum indicators are also beginning to align in favor of the bulls.
Looking forward, as long as price holds above the 162.200 area, the path of least resistance remains upward. Traders will be watching for continuation signals and breakouts of minor resistance zones to confirm the move. This setup offers a favorable risk-reward structure, and with market sentiment tilting toward euro strength, EURJPY has the potential to deliver solid gains in the coming sessions.
GBPCAD Will Go Lower! Short!
Please, check our technical outlook for GBPCAD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.851.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.834 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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BITCOIN Mirror fractal from the past calls for massive rally!Bitcoin (BTCUSD) appears to be repeating almost the exact same price action as mid-late 2020 as it has broken above the Pivot trend-line that separates the recent distribution from the 2nd Accumulation phase and has successfully re-tested it while the MA50 (blue trend-line) is holding as Support.
If the latter continues to hold, then it might fuel a massive rally similar to October 2020 - April 2021. As you can see both fractals started of with a 1st Accumulation Phase (blue Rectangle) being supported always by their respective MA200 (orange trend-line), which led to the eventual Distribution Phase (red Arc). Even their RSI sequences are identical.
Is this another pattern supporting that BTC will reach at least $150k next? Feel free to let us know in the comments section below!
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Lingrid | NZDUSD price ABOVE Previous WEEK HighFX:NZDUSD is holding firmly above the breakout level and riding along the upward trendline. The recent pullback appears shallow, hinting at continuation higher toward the resistance ceiling. Bulls are still in control while price remains above the previous week’s high.
📌 Key Levels
Support zone: 0.59870 (Previous WEEK high)
Breakout target: 0.60410 (TARGET area)
Invalidation level: Below 0.59800
⚠️ Risks
Weak volume on the current push
Potential for false breakout above 0.6040
Loss of the trendline could flip bias to short
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Lingrid | TONUSDT market Remains in the ACCUMULATION PhaseOKX:TONUSDT is still locked within a long-term corrective channel, with price gradually grinding along the lower boundary. Accumulation appears underway near the $2.50 zone, suggesting growing demand. The structure hints at a potential breakout, but momentum remains weak for now.
📌 Key Levels
Support zone: 2.49 – 2.00 (BUYING area)
Breakout target: 4.00
Invalidation level: Below 2.00
⚠️ Risks
Persistent downward trendline pressure
Lack of strong bullish volume confirmation
A daily close below $2.49 could signal renewed downside
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Lingrid | GOLD structure BREAKOUT. Potential BULLISH RallyThe price perfectly fulfilled my previous idea . OANDA:XAUUSD has broken out of a descending triangle and bearish channel, signaling a short-term reversal. After printing a Lower Low near the support area, price surged past the downward trendline and is now forming a consolidation above it. This suggests bullish strength, but a retest of the breakout level may occur before a continuation.
📌 Key Levels
Support Zone: 3,219 – 3,321
Breakout Target: 3,435
Invalidation Level: Below 3,219 (re-entry into previous bearish structure)
⚠️ Risks
Rejection near 3,435 or failure to hold above the trendline could trigger a correction.
Bearish divergence or strong resistance at 3,487 may cap upside.
Upcoming economic news (e.g., NFP, CPI) could lead to volatility.
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