EURNZD: Weak Market & Bearish Forecast
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURNZD pair which is likely to be pushed down by the bears so we will sell!
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EUR (Euro)
EURNZD BuyHappy New Year Everyone.
Hope you are all well. We had a great start to the new year, here is my signal for a EUR/NZD buy. Hope this is of some use to you.
Hope you all make lots of PIPS
EURNZD Buy📊
📈Entry: 1.84235
🛑SL: 1.83885
✔️TP1: 1.84609
✔️TP2: 1.85156
✔️TP3: 1.85738
✔️TP4: 1.86620
Happy Trading, drop a like if you earn lovely profit from this.
Best wishes
EURAUD The 1D MA50 is the sell signalThe EURAUD pair had been trading within a Channel Down pattern since the August 17 2023 High. At the moment it has made a direct Lower High (December 27 2024) at the top of the pattern but the rejection is contained above the 1D MA50 (blue trend-line).
That is the sell confirmation level as whenever this broke after a Lower High, we had a bearish signal. As a result, wait for a bearish break-out and then sell, targeting the 1W MA300 (red trend-line) at 1.61000.
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#EURCHF 4HEURCHF (4H Timeframe) Analysis
Market Structure:
The price is forming a rising wedge pattern, which is a bearish reversal setup. This pattern indicates weakening bullish momentum as the price narrows toward the upper boundary. A breakout below the wedge support suggests the potential for a bearish move.
Forecast:
A sell opportunity is anticipated if the price breaks below the rising wedge support, signaling the start of a downtrend.
Key Levels to Watch:
- Entry Zone: After the price breaks below the wedge support and confirms the breakout with a retest.
- Risk Management:
- Stop Loss: Placed above the recent swing high or the upper boundary of the wedge.
- Take Profit: Target key support levels below or Fibonacci retracement levels for potential downside movement.
Market Sentiment:
The rising wedge pattern suggests bearish sentiment as buying momentum weakens. Waiting for a confirmed breakout and retest ensures a more strategic entry aligned with market direction.
EURUSD 21 Jan 2025 - Intraday Analysis - German ZEWThis is my Intraday analysis on EURUSD for 21 Jan 2025 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment 4H Chart Analysis15m Chart Analysis
Market Sentiment
Dovish ECB Policy Expectations: Traders are anticipating a 25 basis point rate cut at each of the next four ECB policy meetings.
Economic Concerns: Subdued inflationary pressures and concerns over the Eurozone's economic outlook.
US Dollar Strength: Dollar appreciates following news that President Trump intends to review tariff policies.
4H Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Pullback Phase (Pro Swing + Counter INT)
🔹At Swing Premium (reached extreme)
2️⃣
🔹After the Bearish BOS, price pulled back to the Swing EQ (50%) tapping into a Daily and a 4H Supply that caused a Bearish CHoCH and forming a Supply that failed yesterday with price creating a bullish INT Structure.
3️⃣
🔹As price reached the Bearish Swing Extreme, if we are going to continue bearish, this is the area that I prefer to be short from. Also note that after the Bullish iBOS, there will be a pullback required.
🔹Expectations is set to Bearish with more development on LTF to confirm.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bullish
🔹Swing Pullback Phase (Pro Swing + Counter INT)
🔹At Swing Premium (reached extreme)
2️⃣
🔹Price finally broken the range from Jan 16 and reached the bearish Swing Extreme forming Bullish INT Structure.
🔹There is probability that Swing High may be broken based on the Daily/Weekly requirements for pullback and the current market sentiment (Risk Off) as of US Tariffs announcement from Trump yesterday.
3️⃣
🔹My technical expectations is set to Bearish and looking for Shorts but I need to see a bearish iBOS before any executions.
Bearish reversal off pullback resistance?EUR/NOK is rising towards the pivot and could reverse to the 1st support which has been identified as a pullback support that lines up with the 38.2% Fibonacci retracement.
Pivot: 11.80157
1st Support: 11.73739
1st Resistance: 11.87719
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.0454
1st Support: 1.0348
1st Resistance: 1.0536
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?EUR/USD has reacted off the resistance level that is a pullback resistance that is slightly below the 100% Fibonacci projection and could drop from this level to our take profit.
Entry: 1.0426
Why we like it:
There is a pullback resistance level that is slightly below the 100% Fibonacci projection.
Stop loss: 1.0467
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.0343
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
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#EURNZD 2HEURNZD (2H Timeframe) Analysis
Market Structure:
The price is currently testing the upper boundary of a channel, which acts as a key resistance level. This indicates a potential bearish scenario if the price fails to break above and instead respects the resistance.
Forecast:
A sell opportunity may arise if the price retests the channel resistance and confirms rejection, signaling the potential for a move toward the channel's lower boundary.
Key Levels to Watch:
- Entry Zone: After the price retests the channel resistance and shows signs of rejection.
- Risk Management:
- Stop Loss: Placed above the channel resistance or the recent swing high to minimize risk.
- Take Profit: Target the midline or the lower boundary of the channel for potential downside movement.
Market Sentiment:
The current price action at the channel resistance indicates a bearish bias, with sellers likely to dominate if the resistance holds. Waiting for confirmation of a retest ensures a strategic entry aligned with market momentum.
EURUSD Top of the Channel Down. How to trade this.The EURUSD pair gave us a solid short-term buy last time (January 13, see chart below) that easily hit the 1.02850 Target:
The price remains near the top of the 5-week Channel Down and technically this is a sell signal. Our Target is 1.01250, which is the -2.30% minimum decline that has taken place within this pattern as a Bearish Leg.
If the price rises more however and breaks above the 4H MA200 (orange trend-line), it will be the first time to do so since October 01 2024, and a technical buy signal. In that case, take the loss on the sell and go long instead, targeting 1.06250, which is both marginally below the starting level (Resistance 1) of the Channel Down, as well as significantly below the 2.0 Fibonacci extension.
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EURGBP to continue in the bullish channel?EURGBP - 24h expiry
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
20 4hour EMA is at 0.8429.
We look to buy dips.
Dip buying offers good risk/reward.
A break of the recent high at 0.8463 should result in a further move higher.
We look to Buy at 0.8431 (stop at 0.8409)
Our profit targets will be 0.8489 and 0.8499
Resistance: 0.8454 / 0.8464 / 0.8485
Support: 0.8436 / 0.8420 / 0.8404
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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EURUSD 20-24 Jan 2025 W4 - Weekly AnalysisThis is my Weekly analysis on EURUSD for 20-24 Jan 2025 W4 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment Weekly Chart AnalysisDaily Chart Analysis4H Chart AnalysisEconomic Events for the Week
Market Sentiment
Interest Rate Differentials: The widening gap between US and Eurozone interest rates favors the USD. Higher US yields attract capital flows, supporting the USD against the euro.
Inflation Trends: While inflation in the Eurozone remains subdued, the US continues to grapple with sticky inflation, keeping the Fed cautious about easing policy. This divergence further supports the USD.
Energy Prices: Elevated energy prices, driven by geopolitical tensions or supply disruptions, could weigh on the Eurozone’s trade balance and economic growth, adding pressure to the euro.
Weekly Chart Analysis
1️⃣
🔹Swing Bearish
🔹Internal Bearish
🔹In Swing Discount
🔹Swing Continuation Phase (Pro Swing + Pro Internal)
2️⃣
🔹INT structure continuing bearish with iBOS following the Bearish Swing. (End of 2023 till end of 2024 was a pullback phase after the first bearish iBOS)
3️⃣
🔹After the bearish iBOS we expect a pullback, price tapped into liquidity below Nov 2022 which is above the weekly demand formed with the initiation of the bearish iBOS pullback phase.
🔹Expectations is for price to start a pullback phase from the Weekly demand zone / or from the liquidity sweep from the Nov 2022 low (Require Daily/4H confirmation).
Daily Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Continuation Phase (Pro Swing + Pro Internal)
2️⃣
🔹Following the Bearish Swing BOS, INT Structure continuing bearish approaching the weekly demand zone.
3️⃣
🔹After the receint iBOS, price pulled back to EQ (50%) of the INT Structure but currently failed to create a new iBOS with a Bullish CHoCH forming a new Demand.
🔹Expectations is not clear as we could start a deep pullback to intiate the Weekly Pullback Phase required or the current failure to creare a new Bearish iBOS is just a pause in market for more bearish move to at least the Weekly Demand. More development required from LTFs.
4H Chart Analysis
1️⃣
🔹Swing Bearish
🔹Swing Continuation Phase (Pro Swing + Pro Fractal)
2️⃣
🔹After the Bearish BOS, price pulled back to the Swing EQ (50%) tapping into a Daily and a 4H Supply that caused a Bearish CHoCH and forming a Supply that price is contained within it.
3️⃣
🔹Price is currently ranging between Supply and Demand which clearly makes price indecisively have a clear direction. More developments required on LTFs to have a clear expectation.
Economic Events for the Week
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support.
Pivot: 1.0332
1st Support: 1.0175
1st Resistance: 1.0464
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURNZD (4H) DT ANALYSIS🔹 Symbol: EUR/NZD
🔹 Current Price: 1.83706
Key Observations:
Recent price action suggests a bearish trend as EUR/NZD approaches a critical resistance zone, indicating potential downside momentum.
Indicators such as RSI and MACD on higher timeframes show signals of weakening bullish strength, aligning with a possible trend reversal.
📉 Sell Order at 1.8271
This level is strategically placed below the current support zone, suggesting further bearish continuation if breached.
🚫 Stoploss: 1.8355
Positioned conservatively above the resistance level to manage risk effectively.
💰 Take Profit: 1.8187
Targeting a prior support level, aligning with anticipated bearish momentum for optimal profit.
Recommendations:
Monitor price action closely at the 1.8350 level. Any breakout above this level could invalidate the bearish outlook.
Ensure strict adherence to the stop loss to mitigate potential losses.
If price action accelerates towards 1.8271, prepare for potential volatility as key levels are tested.
EURNOK - Potential Sell from Key Resistance ZoneOANDA:EURNOK is nearing a key resistance zone that has been a critical area for bearish reversals in the past. The current price action suggests sellers may regain control at this resistance level.
If bearish patterns appear, such as long upper wicks or bearish engulfing candles, I anticipate a move toward 11.73160. Conversely, a break above this resistance could invalidate the bearish bias and indicate potential for further upside.
Traders should monitor this area closely and use proper risk management strategies. If you have any thoughts or agree with this analysis, I’d love to hear your perspective in the comments!
EURUSD 19/01/25
Here's the revised version without bullet points:
This week marks a special occasion as we celebrate the birthday of our head mentor!
Heading into the week, we maintain the same bias as last week: focus on the lows being taken out, while the highs serve as key entry areas. The game plan is straightforward. Look for a solid pullback to sell into the lows, or wait for the lows to be run and then target a pullback to current highs or newly formed highs yet to emerge.
Our bias remains bearish, so patience is key. Wait for a run on the highs before taking action. There’s no need to overcomplicate things—if you’ve been following Orion, everything is already in place.
Trade safely, trust Orion, and always stick to your risk management plan.
EURGBP Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring EURGBP for a buying opportunity around 0.84200 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.84200 support and resistance area.
Trade safe, Joe.