USD/CHF Wedge BreakoutThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.9094
2nd Support – 0.9063
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EURUSD
EUR/USD Outlook: Bearish Momentum with Key Levels in FocusEUR/USD Analysis
The price exhibits bearish momentum, as it has already broken below the pivot line at 1.0367 and closed the weekly candle beneath it. This confirms a downward bias in the near term.
In the short term, the price may retest the pivot line around 1.0367 before continuing its drop.
If bearish momentum persists, the price is expected to decline further to test 1.0226 and potentially 1.0155.
To transition into a bullish structure, the price must break and sustain above 1.0367 by closing a 4-hour candle above this level. If this occurs, the price could target 1.0437.
Key Levels
Pivot Line: 1.0288
Resistance Levels: 1.0360, 1.0436, 1.0470
Support Levels: 1.0227, 1.0155, 1.0110
Trend Outlook
Consolidation: Between 1.0288 and 1.0346
Bearish Trend: Below 1.0288
Bullish Trend: Above 1.0367
EURUSD Is Bullish! Buy!
Here is our detailed technical review for EURUSD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.019.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.028 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURUSD Is Trading Under The Pressure Of A Strong Dollar!Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.03700 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.03700 support and resistance area.
Trade safe, Joe.
Bearish reversal off 61.8% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support that lines up with the 38.2% Fibonacci retracement.
Pivot: 1.0343
1st Support: 1.0254
1st Resistance: 1.0442
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EURUSD H1 | Bullish Bounce OffBased on the H4 chart analysis, the price is rising toward our buy entry level at 1.0263, which is a pullback support near the 38.2% Fibonacci retracement. This level is expected to act as a potential continuation point in the bullish setup.
Our take profit is set at 1.0337, near the 127.2% Fibonacci extension, aligning with a strong resistance zone and marking a logical target for the upward movement.
The stop loss is set at 1.0178, below the previous swing low and key support zone, providing room for price fluctuations while protecting against invalidation of the bullish setup.
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The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURUSD POSSIBLE TRADE SETUPPotential Trade Setup on EURUSD
The price broke out of a strong intraday support zone, although the Trend remains bearish and the set Trendline keeps the price on the lower part of the market.
The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade.
A BUY opportunity is at the top above the weekly Low at 1.04480.
You may find more details in the chart!
Thank you and Trade Responsibly!
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EUR/USD Fibo Bounce into Resistance - CPI on DeckI posted about a Fibonacci level in-play on EUR/USD yesterday and that's since led to a spirited bounce.
Yesterday's daily bar finished as a dragonfly doji after catching a bounce from the 1.0200 level, and today that's been continuation with the pair testing above the 1.0300 level following this morning's release of PPI data.
Of course, this is just setting the stage for the big one with tomorrow's release of CPI, with headline expected to rise to 2.9% against last month's 2.7% reading.
For next resistance in the pair, I'm looking to 1.0333, and if tomorrow's CPI release comes out weak, I think that gives more push for USD pullbacks that could also show alongside strength in stocks. But in EUR/USD, that deeper retracement in DXY could allow for re-test of prior support-turned-resistance at 1.0453. - js
EURUSD Falling Wedge on a bullish divergence.EURUSD is trading inside a long term Falling Wedge and today is posting a strong bullish 1day candle.
The 1day RSI is on a Bullish Divergence (higher lows) for almost 3 months, indicating that a long term trend change to bullish is about to take place.
We expect the first bullish wave upon the Wedge's break out to be contained under the 1day MA200.
Buy and target 1.06900.
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EurUsd - This Will Impact Your Trading In 2025!EurUsd ( OANDA:EURUSD ) is heading much lower:
Click chart above to see the detailed analysis👆🏻
For basically an entire year, EurUsd has been retesting a massive previous support which was then turned resistance. Over the past couple of months, we then saw a significant drop breaking all structure towards the downside and it is quite likely that this won't stop soon.
Levels to watch: $1.090, $0.970
Keep your long term vision,
Philip (BasicTrading)
Potential bullish rise?EUR/USD has reacted off the resistance level which is a pullback resistance and could rise from this level to our take profit.
Entry: 1.0263
Why we like it:
There is a pullback resistance level.
Stop loss: 1.0192
Why we like it:
There is a pullback support level.
Take profit: 1.0348
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
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EURUSD / Bearish Momentum with Key Levels and Trend OutlookEUR/USD Analysis
The price exhibits bearish momentum, as it has already broken below the pivot line at 1.0367 and closed the weekly candle beneath it. This confirms a downward bias in the near term.
In the short term, the price may retest the area around 1.0345 or 1.0367 before continuing its drop.
If bearish momentum persists, the price is expected to decline further to test 1.0226 and potentially 1.0155.
To transition into a bullish structure, the price must break and sustain above 1.0367 by closing a 4-hour candle above this level. If this occurs, the price could target 1.0437.
Key Levels
Pivot Line: 1.0288
Resistance Levels: 1.0360, 1.0436, 1.0470
Support Levels: 1.0227, 1.0155, 1.0110
Trend Outlook
Consolidation: Between 1.0288 and 1.0346
Bearish Trend: Below 1.0288
Bullish Trend: Above 1.0367
previous idea:
XAU/USD : Reasons for Falling! (READ THE CAPTION)In the 4-hour timeframe, we can see that after reaching $2697 and hitting all targets last Friday, gold eventually closed around the $2690 zone. Today, gold showed a bearish sentiment, dropping by over 300 pips and correcting to as low as $2664.
Currently, gold is trading around $2670, and if it stabilizes below this level within the next 4 hours, further declines can be expected. Potential bearish targets are $2663, $2658.8, and $2652.5, respectively.
This analysis will be updated soon, so stay tuned for a trading setup in the lower timeframes!
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EUR/USD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Bearish trend on EUR/USD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.022.
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Bouncing Back: EUR/USD Poised for a Bullish WaveEUR/USD is trading at 1.0257, showing signs of bullish momentum with a target price of 1.0800. The price action is based on the support and resistance pattern, with the pair currently bouncing off a strong support level. This bounce indicates a potential reversal and the start of an upward trend. The support level serves as a foundation for buyers to regain control, pushing the price higher. A steady climb toward the resistance level at 1.0800 is expected if the support holds firm. Traders should monitor this bounce closely for confirmation of bullish momentum. The setup presents a favorable opportunity for long positions, supported by technical analysis. However, risk management remains crucial to navigate market volatility. This move emphasizes the role of key levels in predicting price movements. Patience and strategy are essential to capitalize on this trade setup.
EURGBP Navigating Resistance Levels for a Bullish BreakoutEUR/GBP is currently trading at 0.842, with a target price of 0.852, indicating a potential gain of over 100 pips. The analysis is based on the support and resistance pattern, with the pair currently positioned at a resistance level. A minor retracement or retesting of the resistance is expected at this stage. This retracement is a healthy part of the price movement, allowing the market to gather momentum for the next bullish wave. After the retest, a strong upward trend is anticipated, potentially breaking past the resistance level toward the target price. Traders should monitor this retracement closely to identify optimal entry points. The analysis reflects a bullish sentiment, supported by technical levels. However, proper risk management should be maintained. This trade setup aligns with the principles of technical analysis and trend continuation.
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
This currency pair, following its recent decline, has shown a strong reaction at a key support level. The support has held, and a corrective upward movement is anticipated from this zone. The price is expected to rise at least to the specified resistance levels.
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GBP/USD Channel BreakoutThe GBP/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Channel Pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2365
2nd Support – 1.2460
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