Could the Fiber reverse from here?The price is reacting off the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.0354
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.0420
Why we like it:
There is a pullback resistance level that is slightly above the 778.6% Fibonacci retracement.
Take profit: 1.0263
Why we like it:
There is a pullback support level that line sup with the 78.6% Fibonacci retracement.
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EURUSD
EURUSD bearish below 1.0400 levelThe EURUSD currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 1.0400, which is 25th Feb swing high. An oversold rally from the current levels and a bearish rejection from the 1.0400 level could target the downside support at 1.0260 followed by the 1.0210 and 1.0180 levels over the longer timeframe.
Alternatively, a confirmed breakout above the 1.0400 resistance and a daily close above that level could trigger further rallies higher and a retest of the 1.0440 resistance level followed by 1.0500 and 1.0560.
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EUR/CAD Bullish Momentum Rising Channel Points to 1.5000 Target EUR/CAD is trading at approximately 1.4800. Your target price of 1.5000 indicates an anticipated upward movement of 200 pips, aligning with a bullish outlook within the context of a rising channel pattern.
Technical analysis on the daily chart suggests a bullish bias, as EUR/CAD continues to trade within an ascending channel pattern. This pattern is characterized by higher highs and higher lows, indicating sustained upward momentum. The pair is approaching the upper boundary of this channel, suggesting potential for further gains toward your target price.
On the 4-hour timeframe, EUR/CAD is trading within a rising channel as it approaches a confluence area. This consolidation pattern increases the likelihood of a bearish outcome, as traders can wait for the break and retest of the trendline support of the channel pattern to confirm a bearish entry.
In summary, the EUR/CAD pair is exhibiting bullish momentum within a rising channel pattern, with technical indicators supporting a potential move toward the 1.5000 target. Traders should monitor key support and resistance levels, as well as fundamental factors influencing the Euro and Canadian Dollar, to make informed trading decisions.
EURUSD Short term rebound possible.EURUSD is testing its 4hour MA50 after consolidating all day yesterday around the 1.0300 level.
Based on the 4hour MACD, we have a consolidation similar to January 16th-17th, which ended up forming Resistance B.
As we just formed the 2nd Bullish Cross on the 4hour MACD, we expect a similar rise to take place.
Buy and target 1.04375, which is the bottom of Resistance A.
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USD/JPY Bullish Outlook Can the Pair Hit 160.00? Key Levels USD/JPY is trading at approximately 152.50. Your target price of 160.00 suggests an anticipated upward movement of 750 pips. This projection aligns with a bullish outlook, potentially driven by support and resistance dynamics.
Recent technical analyses indicate that USD/JPY has tested the 152.55 resistance level and experienced a bearish pullback, maintaining a negative outlook in the near term. Analysts anticipate a retest of the 151.05 support level, with a potential decline toward 149.80 if this support is breached.
The pair is currently trading near its 200-day EMA, a critical indicator for trend direction. A decisive move above this level could signal a continuation of the upward trend toward your target. However, failure to break above may result in consolidation or a potential downturn.
Key support levels to monitor include 151.12 and 148.42, while resistance levels are identified at 152.77, 154.39, and 155.52. A sustained break above these resistance levels would bolster the bullish case toward the 160.00 target. Conversely, a decline below the support levels could invalidate the bullish scenario
In summary, while the USD/JPY pair exhibits potential for an upward move toward 160.00, traders should closely monitor key support and resistance levels, as well as the 200-day EMA, to confirm the bullish trend. Staying informed about fundamental factors influencing the USD/JPY pair will also be crucial in making informed trading decisions.
EUR/USD Trading AnalysisEuro: Market Focus on Europe
The euro remains under pressure against the dollar as the announcement of steel tariffs over the weekend dealt an initial blow to the European Union. Europe is bracing for possible new tariffs on industries such as autos. As the EU's tariff levels are relatively low, the overall impact of "reciprocal" tariffs may be limited. But more worrying is that the U.S. Commerce Department plans to release a report on the causes of the U.S. trade deficit in April, which is expected to pave the way for broader tariff measures.
Regardless of today's tariff news, the current interest rate differential still supports EUR/USD hovering around 1.03, while weakening the momentum of a rebound. As discussed by our interest rate strategy team, the eurozone's interest rate differential with the United States is likely to remain high, if not widen, in the coming months. In addition, rising natural gas prices may also continue to put pressure on the euro. Before the new tariffs are introduced, the euro may fall further to the 1.0250-1.0260 range, or even lower.
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.03800 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.03800 support and resistance area.
Trade safe, Joe.
+350 pips Advanced BUY/HOLD GBPCAD XABCD swing trade setup BULLS🔸Hello traders, let's review the 4 hour chart for GBPCAD. Speculative XABCD in progress, with PRZ/D set at 8360, so expecting more losses in GBPCAD before reversal from point C.
🔸XABCD structure is defined by point X at 8200, point A at 7510, point B
at 8080, point C at 7630, point D/PRZ at 8360, currently most points validated, point C/PRZ still pending, so traders should wait until we hit C before buying.
🔸Recommended strategy for GBPCAD traders: wait for pullback/correction
to complete at point C near 7630, buy/hold, SL 75 pips, TP1 +350 pips TP2
+700 pips. BUY/HOLD at point C/PRZ at 7630. swing trade setup. good luck!
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GBP/NZD: Bearish Outlook Confirmed by Head and ShouldersThe GBP/NZD exchange rate at NZ$2.1922 reflects a persistent downtrend, confirming recent weakness in the British Pound against major counterparts. The formation of a head and shoulders pattern on the daily chart suggests further downside risk, with the pair testing key support levels. Market fluctuations between NZ$2.1754 and NZ$2.22 highlight ongoing volatility driven by external economic factors, including U.S. tariffs and mixed macroeconomic data from both the UK and New Zealand. The Pound remains under pressure due to inflation concerns and lackluster GDP growth, while the NZD struggles to capitalize on the Pound’s weakness amid subdued domestic data. The technical setup and broader macroeconomic landscape signal a potential continuation of bearish momentum for GBP/NZD.
Fundamental Market Analysis for February 11, 2025 EURUSDOn Monday, the EUR/USD exchange rate experienced a decline of approximately a third of a percentage point, reaching 1.03000 as market sentiment moderated. Investors are anticipating clearer signals from central bank policymakers, however, the recent series of executive orders on tariffs issued by US President Donald Trump has introduced an element of uncertainty.
European data is generally limited this week, with a speech from European Central Bank (ECB) President Christine Lagarde failing to elicit significant movement. This routine speech is a staple in ECB policymakers' talking points.Federal Reserve (Fed) Chairman Jerome Powell is scheduled to deliver his latest testimony to the US Senate Banking Committee, where he is expected to address concerns regarding the Fed's response to the fluctuating tariff threats posed by President Trump.
Germany's final Harmonised Index of Consumer Prices for the year ending January is scheduled for release on Thursday, and EU gross domestic product data for the fourth quarter is due on Friday. Neither of these indicators are expected to undergo significant change.Key data this week will be US consumer price index (CPI) inflation, released on Wednesday, and the US producer price index (PPI), released on Thursday.
Trading recommendation: BUY 1.03100, SL 1.02850, TP 1.03600
EURUSD 11 Feb 2025 W7 - Intraday Analysis - Powell & Tariffs!This is my Intraday analysis on EURUSD for 11 Feb 2025 W7 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
My Weekly Analysis HERE still the same as Tariffs is the main theme but market reaction is the key.
Is the market got used to the Tariffs news so reactions will be soft and fade or we are going to see more fear in the market with Tariff War narrative?
Today Powell will be the market mover as investors are waiting for a clue for direction.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bearish
🔹Reached Swing Extreme Demand
🔹Swing Continuation
2️⃣
🔹With the deep pullback to the Bullish Swing extreme discount and mitigating the 4H/Daily demand zones, price turned Bullish forming a Bullish CHoCH.
🔹The current Bullish move from Swing extreme discount to current price level having 2 scenarios:
Scenario 1: Pullback for Bearish INT Structure and with the recent Bearish CHoCK and Minor Demand zones are failing, I expect Bearish continuation to target the Weak INT Low which aligns with the Daily/Weekly Bearish Structure/Move. (Counter Swing – Pro Internal)
Scenario 2: Bullish Swing continuation to target the Weak Swing High. Which requires to have Demand holding and Supply failing. The first sign required to confirm this scenario will be the current Demand which price is currently at to hold and we form a Bullish CHoCH. (Pro Swing – Counter Internal)
3️⃣
🔹Expectations is set to Bearish to target the Weak INT Low as long LTFs are staying Bearish.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Continuation
2️⃣
🔹Price reached the Strong Swing High (4H CHoCH) sweeping the liquidity and turning INT structure to bearish with iBOS.
🔹INT Structure continuing Bearish following the 4H Bearish INT structure Continuation.
🔹Since yesterday market open, price is ranging within the Bearish INT structure.
🔹Current INT High is the 4H CHoCH which could be taken out as liquidity for continuation down.
🔹After reaching the Bearish INT structure extreme price is moving down in a corrective PA and currently in the extreme discount of the INT Structure.
🔹For me, I’d prefer to short from the 4H Supply after sweeping the 15m INT High (4H CHoCH). No Long setups/confirmations are clear for me.
3️⃣
🔹Expectation is for price to continue Bearish targeting the 15m Weak Swing Low.
Levels discussed on Livestream 10th Feb 202510th Feb 2025
DXY: Could trade down to 108 (or consolidate here) before climbing higher to 108.90 or 109 (61.8%).
NZDUSD: Sell 0.5620 SL 20 TP 70 (hesitation at 0.5580)
AUDUSD: In abit of a range, look for test and reaction at 0.6363 resistance level.
GBPUSD: Sell 1.2350 SL 30 TP 85 (watch the trendline)
EURUSD: Sell 1.0290 SL 25 TP 65
USDJPY: Buy 152.40 SL 40 TP 80
EURJPY: Sell 156.25 SL 40 TP 80
GBPJPY: Buy 189.70 SL 60 TP 200
USDCHF: Do nothing, middle of S/R
USDCAD: Buy 1.44 SL 30 TP 60
XAUUSD: Retracing now, needs to stay above 2870, could trade up to 2910
EURUSD: Market of Buyers
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 EURUSD pair which is likely to be pushed up by the bulls so we will buy!
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XAU/USD : Possible Correction Ahead? (READ THE CAPTION)By analyzing the gold chart on the 30-minute timeframe, we can see that after yesterday's last analysis, the price corrected to $2858 as expected. However, it quickly rebounded, surging 240 pips to reach a new all-time high at $2882!
Today, we finally witnessed some correction from $2882 down to $2848, and gold is currently trading around $2868. If the price manages to stabilize below $2873.5 and experiences a strong rejection from this level, we might even see a correction down to levels below $2850.
With increased market volatility and key macroeconomic events on the horizon, traders should stay cautious. Price action around these levels will be critical in determining the next move, as gold continues to react to fundamental drivers such as inflation data and geopolitical developments. Monitoring price behavior near support and resistance levels will be essential for identifying potential trade opportunities.
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EUR/USD : First SELL, then BUY! (READ THE CAPTION)By analyzing the 3-day EUR/USD chart, we can see that, as expected, the price has resumed its correction and is currently trading around 1.03. I still anticipate further downside movement in this range.
The key demand zones are 1.02, 1.005, and 0.99. So, the strategy remains: first, look for SELL opportunities, and then wait for a solid BUY trigger at these levels! 🚀
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EURUSD 1H Death Cross waiting for the perfect Sell.The EURUSD pair completed a 1H Death Cross on today's opening, the first such formation since January 30. Given that we are currently within a Channel Down pattern similar to January's Death Cross, we expect the current formation to follow the trend of the former.
After a short-term rebound above the 1H MA200 (orange trend-line), the previous Channel Down declined aggressively to the 2.0 Fibonacci extension. This gives us a new bearish target at 1.01500.
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Euro can drop to support level, exiting from pennantHello traders, I want share with you my opinion about Euro. When analyzing the chart, it’s clear that the price initially climbed to the resistance level, which overlapped with the seller zone, but immediately bounced back and dropped to the support level. Shortly after, the Euro broke through the support level, falling below the buyer zone. However, it quickly reversed and began rising within an upward channel. Within this channel, the Euro broke the 1.0265 support level and performed a retest, consolidating near that level for a while before continuing its upward momentum. Eventually, the Euro reached the resistance level, broke through it, and moved up to the resistance line of the channel, ultimately exiting the channel. Afterward, the price formed its first gap and started declining within a pennant pattern, where it soon broke the 1.0435 resistance level. Later, the price created a strong second gap, dropped below the support level, and hit the pennant's support line. From there, the Euro began rising again, breaking the support level once more and climbing back to the resistance level. However, not long ago, the price fell back to the pennant’s support line, creating a third gap. In my view, the Euro can attempt to rise to 1.0360 before dropping back to the support level and exiting the pennant pattern. For this reason, I’ve set my take-profit target at the 1.0265 support level. Please share this idea with your friends and click Boost 🚀