🏆 EURCAD Market Update H2 chart
📊 Technical Outlook
🔸broke down on high vol
🔸compression BEAR FLAG
🔸Mid-term: BEARS 5500
🔸Status: compression/dump
🔸5710/5720 heavy S/R BEARS
🔸5520/5540 key s/r zones below
🔸Price Target Bears: 5520
🔸final pump possible
🔸strategy: SHORT SELL 5710/5720
🔸SL 40 pips TP1 +100 pips TP2 +200 pips
🔸swing trade setup for patient traders
📊 Forex Market Update (May 7, 2025)
🇪🇺 EUR/USD
📉 Price: \~1.1370
USD strength ahead of Fed dampens Euro
German HCOB Services PMI fell in April; ECB rate-cut bets rising
Key Levels: Support 1.1320 | Resistance 1.1380
🇬🇧 GBP/USD
📉 Price: \~1.3320 (slid from recent highs)
Modest USD buying ahead of Fed decision
BoE policy caution keeps Pound in check
Key Levels: Support 1.3300 | Resistance 1.3400
🇺🇸 DXY (US Dollar Index)
📈 Price: \~99.39
Supported by rising U.S. yields and Fed rate-cut delays
Pressured by strategic uncertainty and trade tensions
Key Levels: Support 98.00 | Resistance 100.00
📊 Technical Outlook
🔸broke down on high vol
🔸compression BEAR FLAG
🔸Mid-term: BEARS 5500
🔸Status: compression/dump
🔸5710/5720 heavy S/R BEARS
🔸5520/5540 key s/r zones below
🔸Price Target Bears: 5520
🔸final pump possible
🔸strategy: SHORT SELL 5710/5720
🔸SL 40 pips TP1 +100 pips TP2 +200 pips
🔸swing trade setup for patient traders
📊 Forex Market Update (May 7, 2025)
🇪🇺 EUR/USD
📉 Price: \~1.1370
USD strength ahead of Fed dampens Euro
German HCOB Services PMI fell in April; ECB rate-cut bets rising
Key Levels: Support 1.1320 | Resistance 1.1380
🇬🇧 GBP/USD
📉 Price: \~1.3320 (slid from recent highs)
Modest USD buying ahead of Fed decision
BoE policy caution keeps Pound in check
Key Levels: Support 1.3300 | Resistance 1.3400
🇺🇸 DXY (US Dollar Index)
📈 Price: \~99.39
Supported by rising U.S. yields and Fed rate-cut delays
Pressured by strategic uncertainty and trade tensions
Key Levels: Support 98.00 | Resistance 100.00
Note
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Gold Market Update: Bears will target 3150 USD
Trade closed: target reached
TP1 hit +100 pipsTP2 hit +200 pips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
taplink.cc/black001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.