The Trading Blueprint - Charting the Week: Key Levels & Setups

📊 Plan ahead with technical insights for the week!

Mar 02, 2025

As we prepare for the upcoming trading week, let's delve into the latest financial news, key technical levels, potential setups, and market trends to watch.

Apple's $500B Bet: How It Reshapes US Tech & Manufacturing | by Jordan Davis | Feb, 2025 | Medium

📰 Latest Financial News

Intel Secures $3.5 Billion in Federal Grants: Intel Corp has qualified for up to $3.5 billion in federal grants to produce semiconductors for the U.S. Department of Defense, following a binding agreement with U.S. officials.
Apple's $500 Billion U.S. Expansion Plan: Apple Inc. announced a $500 billion investment to expand its U.S. operations, aiming to add 20,000 jobs and enhance AI research facilities.
Microsoft Cancels U.S. Data Center Leases: Microsoft has reportedly canceled several data center leases in the United States, according to TD Cowen.
BP Shifts Focus Back to Fossil Fuels: BP plans to prioritize fossil fuels over green energy investments amid pressure from activist investors, increasing spending on oil and gas while reducing renewable investments.

🔹 Forex Market Technical Outlook

EUR/USD: Currently trading around 1.1079, with resistance at 1.1100 and support at 1.1050. A breakout above 1.1100 could signal further bullish momentum.
GBP/USD: Holding steady near 1.3125; resistance is at 1.3150, and support at 1.3100. Monitoring for a potential breakout above resistance.
USD/JPY: Trading at approximately 140.76; support lies at 140.50, with resistance at 141.00. A move below support may indicate further downside.
AUD/USD: Struggling near 0.6500; a break above targets 0.6550, but downside risk remains toward 0.6450.

🏆 Major Trade Setups to Watch

✅ EUR/GBP: Stuck in a range (0.8550 - 0.8600). Breakout traders should watch for momentum signals.

✅ Gold (XAU/USD): Holding above $2,030; bullish above $2,050, bearish below $2,015.

✅ USDCAD: Testing key support at 1.3450; a break lower could open the way to 1.3400.

🔥 Crypto Market Overview

Bitcoin (BTC): Hovering around $60,537, up 4.12% in the last 24 hours. A strong break above $61,000 could push toward $62,500.
Ethereum (ETH): Holding support at $2,900, watching for a breakout above $3,000.
Altcoins: Mixed performance, but Solana (SOL) remains strong above $105.