Support and Resistance
USDJPY: Bullish Outlook For Next Week Explained 🇺🇸🇯🇵
USDJPY completed a consolidation, violating
a resistance line of a horizontal range on a 4H time frame.
I believe that it provides a strong bullish confirmation signal.
The price will most likely go up and reach 146.0 level next week.
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Silver Hits Upper Channel Limit — Momentum or Rejection Ahead?Silver has been following a textbook ascending channel since mid-2024, with multiple clean Breaks of Structure (BoS) confirming sustained bullish momentum. Every major correction found support at well-defined 2D demand zones, allowing bulls to re-enter with confidence.
Now, price has reached the upper boundary of the channel — a level that has historically triggered short-term rejections or profit-taking. The key question: is this a breakout or another fade from the highs?
From a macro perspective, silver’s strength has been supported by several drivers:
Renewed demand for hard assets amid persistent inflation expectations.
Falling real yields and a weakening USD in recent months.
Positioning as both an industrial metal and a monetary hedge — giving silver dual tailwinds during reflationary narratives.
If Silver breaks and holds above this channel, it could trigger a new leg higher, potentially targeting $37 to $40. There’s little technical resistance above.
However, a rejection from the current level could open the door for a pullback toward the $34–33 region, or deeper into the key 2D demand zones near $31 and $29.80. These areas have acted as major accumulation zones in the past and may attract buyers again.
This is a technically and macroeconomically critical zone — the reaction here could define Silver’s next multi-week trend.
3-Year Range Broken — Gold/Silver Ratio Retesting Critical ZoneContext:
For more than three years, the Gold/Silver ratio traded within a predictable range between approximately 79 and 92. This provided consistent opportunities to rotate between metals: buying Gold when the ratio approached the bottom of the range, and favoring Silver when Gold became relatively expensive near the top.
Breakout and Failure:
In March 2025, the ratio broke out sharply above the 92 ceiling, reaching above 105 for the first time in years. This breakout was driven by macro uncertainty and a surge in demand for Gold as a safe haven. However, the move quickly lost momentum. As risk appetite returned and macro concerns faded, the ratio dropped aggressively, falling back below the former breakout zone.
Current Setup:
Price is now testing the 90–92 region — the same area that acted as resistance for years. This zone is now functioning as key structural support. Its behavior here could determine the next major leg.
Trading Outlook:
If the ratio holds above 90, Gold may continue to outperform Silver, possibly establishing a new higher range between 90 and 105. However, a decisive break below 90 would indicate a failed breakout and may favor Silver strength, with downside potential back toward the 80–85 area.
Conclusion:
This is a technically critical zone. A confirmed hold or breakdown from here could define the next multi-week trend in the precious metals space.
Bearish potential detected for AIAEntry conditions:
(i) lower share price for ASX:AIA along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) close below the 200 day moving average, and
(iii) observing market reaction around the share price of $7.08 (open of 8th April).
Stop loss for the trade would be:
(i) above the high of the recent swing high once the trade is activated (currently $7.41 from the high of 8th May).
Gold Wave Analysis – 6 June 2025- Gold reversed from resistance area
- Likely to fall to support level 3250,00
Gold recently reversed down from the resistance area between the key resistance level 3400.00 (which has been reversing the price from April) and the upper daily Bollinger Band.
The downward reversal from this resistance area stopped the earlier intermediate impulse wave (5) from the end of May.
Given the overbought daily Stochastic, Gold can be expected to fall to the next support level 3250,00 (which stopped the previous intermediate ABC correction (4)).
AUDJPY Wave Analysis – 6 June 2025
- AUDJPY broke resistance area
- Likely to rise to resistance level 95.30
AUDJPY currency pair recently broke the resistance area between the resistance level 93.75 (top of the previous B-wave from the end of May) and the 50% Fibonacci correction of the downward impulse A from last month.
The breakout of this resistance area should accelerate the active short-term correction B.
AUDJPY currency pair can be expected to rise to the next resistance level 95.30 (which stopped the previous waves 4 and (A)).
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
It's been a decent week on the markets with our path and red boxes playing well from the low to the high for the pull back trade into the region we wanted and then the long completing all but one Red box target which was missed by 20pips.
With NFP tomorrow we would say caution on the markets as we can expect some pre-event ranging and MA play until the release tomorrow. For that reason, we have given the two levels of interest that we feel price will play until tomorrow's release. For now, we're not getting involved in gold until after the NFP move.
As always, trade safe.
KOG’s Bias of the day:
Bullish above 3335 with targets above 3366✅. 3373✅ and above that 3390✅
Bearish on break of 3335 with target below 3320 and below that 3210
RED BOXES:
Break above 3365 for 3372✅, 3375✅, 3388✅ and 3406 in extension of the move
Break below 3350 for 3335, 3330, 3326 and 3307 in extension of the move
Put a lid on what smells badWe are within a resistance range that is as old as 5 years. It has been confirmed impressively in February 2024 again. Perhaps we will test these high again within the next weeks. But I oubt that we may decisive exceed the 230-240 level as this resistance is very strong and even stronger due to the 2024 Fibonacci extension.
The top on Wednesday could no be overcome. This means to me that we are in a decisive zone now with a possible correction attempt towards the open window of mid May.
Another upward attempt may be followed then.
Could AAPL Breakout Soon...Symmetrical Triangle Setup...Pre-WWDCAAPL is forming a symmetrical triangle on the 4H chart, setting up for a potential breakout. This neutral pattern, with converging trendlines, signals consolidation before a big move. The upper trendline (resistance) is near $207, and the lower trendline (support) is around $200, with the current price at $205. RSI is neutral at 50, and volume is decreasing—classic signs of an imminent breakout.
Fundamental Catalyst: WWDC next week could be a game-changer, with potential AI updates (think “Apple Intelligence” enhancements). Positive news could fuel a bullish breakout, while a “sell the news” reaction might trigger a downside move.
AMAZON Resistance Ahead! Sell!
Hello,Traders!
AMAZON keeps gaining
Bullish momentum so we
Are bullish biased mid-term
However it will soon hit a
Horizontal resistance of 219.00$
From where we will be expecting
A local bearish correction
Sell!
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USDCAD Looking Solid Buy zoneUSD/CAD is currently in a potential buying zone, supported by the broader strength of the US dollar. While the support level appears to be holding, a clear confirmation is still lacking. A shift in market phase may be forming, but it remains unconfirmed at this stage.
Key Points to watch
Resistance 1.37300 / 1.37600
Support Levels 1.36500
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