Mexican Peso Faces Potential Short-Term PressureThe Mexican Peso is approaching a significant supply area, a confluence of factors that suggests a potential short-term bearish trend. Daily retail trader positions show a notable concentration of long positions, while seasonal patterns hint at a shift in market sentiment. This combination creates an environment ripe for a short position on futures or a long position in CFDs, if the bearish bias strengthens.
This convergence of supply, bullish retail sentiment, and seasonal influence raises the possibility of a corrective move in the Mexican Peso. The sustained presence of long positions in the daily market could be vulnerable to a price reversal, particularly as seasonal factors typically favor a weaker Peso during this period. While a short position on the future market presents the opportunity for profit on any price decline, astute investors should closely monitor the market's reaction to key economic releases for confirmation of the short-term bearish bias.
Caveat: This analysis is based on current market conditions and should not be considered financial advice. Further technical analysis and fundamental assessments are recommended before making any trading decisions.
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Forex-trading
GbpCad Reversal SetupPrice got a break above structure - attempted to break above higher trend line, but failed - first break of structure got respected - trend line respected - traces back to first break of structure and attempts to move up again before the structure crumbles and price now attempts to move on the other side, back to where it came from. Reversal entry will aim for 25% of major pullback.
Loonie Drops on Election Shock – Is USD/CAD Set to Rally Further⭐️The USD/CAD pair recovered from intraday losses, trading around 1.3840 in Tuesday’s early European session, as the Canadian dollar (CAD) weakened following Canada’s election results. Prime Minister Mark Carney of the Liberal Party retained power but secured only 167 of 343 seats, falling short of the majority needed for effective trade negotiations with the US. Carney declared the end of the US-led global trade system, unsettling the CAD. The USD gained from optimism in US-China trade relations, with Trump open to lowering tariffs, Beijing exempting some US imports, and ongoing talks with President Xi Jinping showing progress. Trump also proposed reducing auto tariffs, boosting market sentiment.
🔼BUY 1.37100 - 1.36900
SL 1.36600
TP1 1.37400
TP2 1.37900
🔽SELL 1.38800 - 1.39000
SL 1.39300
TP1 1.38500
TP2 Open
AUD/USD Inflation Data Crucial for RBA Decision. Key Supply ZoneThe AUD/USD exchange rate is approaching a key supply zone on the weekly chart, a region where significant long positions are concentrated. This presents a potential reversal point for the currency pair. Adding to the market's focus is the imminent release of Australia's inflation data on Wednesday. This report will be crucial in shaping expectations for the Reserve Bank of Australia's (RBA) next policy move. Market forecasts generally point towards a 25-basis-point interest rate cut in May, a decision likely driven by concerns over the potential economic fallout from recently imposed US tariffs. The upcoming inflation data will be closely scrutinized to confirm or challenge these anticipated policy adjustments. The confluence of technical analysis (the supply zone) and macroeconomic factors (the inflation report and RBA considerations) makes this a potentially pivotal week for AUD/USD.
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GBP-CAD Will Grow! Buy!
Hello,Traders!
GBP-CAD is trading in an
Uptrend and the pair
Made a bullish breakout
And a pullback so affter
The retest of the broken
Falling resistance which
Is now a support we will
Be expecting a further
Bullish move up
Buy!
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NZD-USD Long From Support! Buy!
Hello,Traders!
NZD-USD is making a local
Bearish correction but will
Soon hit a horizontal support
Around 0.5915 from where
We will be expecting a
Local bullish rebound
Buy!
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AUD-USD Will Keep Growing! Buy!
Hello,Traders!
AUD-USD started the trading
Week with a strong bullish
Move up from the horizontal
Support of 0.6371 while trading
In an uptrend so we are bullish
Biased mid-term and we will
Be expecting a further bullish
Continuation, but its best to
Wait and see how the price
Interacts with the local
Key level of 0.6439 as
We might see a local
Pullback from this supply
Area giving us a better
Entry price for the long
Buy!
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GBP-NZD Resistance Ahead! Sell!
Hello,Traders!
GBP-NZD went up sharply
From the support cluster
Below just as I predicted
But now the pair is about
To retest a horizontal resistance
Around 2.2620 from where
A local bearish correction
Will be expected
Sell!
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AUD_USD GROWTH AHEAD|LONG|
✅AUD_USD is trading in an
Uptrend and the pair is
Consolidating above the
Horizontal support level
Around 0.6371 and we are
Already seeing a bullish
Rebound from the level
So we are bullish biased
And we will be expecting
The pair to go further
Up this week
LONG🚀
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GBP_CAD BULLISH BREAKOUT|LONG|
✅GBP_CA D made a bullish
Breakout of the falling
Resistance and the breakout
Is confirmed so we are bullish
Biased and after a potential
Pullback we will be expecting
A further bullish move up
LONG🚀
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AUDCAD: Bearish Wave Continues 🇦🇺🇨🇦
I think that there is a high chance that AUDCAD
will continue falling from the underlined yellow resistance.
Next support - 0.8818
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NZD_USD REBOUND AHEAD|LONG|
✅NZD_USD is trading in an
Uptrend and the pair is making
A local correction in a way
Which also resembles a bullish
Wedge so after the retest of the
Horizontal support around 0.5917
A local bullish rebound
Is to be expected
LONG🚀
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GBP_AUD BULLISH BREAKOUT|LONG|
✅GBP_AUD is going up now
And the pair made a bullish
Breakout of the key horizontal
Level around 2.0940 so as the
Breakout is confirmed we will
Be expecting a further
Bullish continuation
LONG🚀
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NZD-JPY Potential Long! Buy!
Hello,Traders!
NZD-JPY is going down
Now but the pair will soon
Hit a horizontal support
Level around 84.000 from
Where we will be expecting
A local bullish rebound
And a further move up
Buy!
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GOLD Gold (XAU/USD) shows price action ranging between a strong support level and a visible order block above. Price recently tested the support zone near 3,260.000, showing potential signs of a bullish reaction.
The chart highlights a possible upward move toward the Fair Value Gap (FVG) zone, targeting around 3325.626.
Key Technical Points:
- Support Level: Price bounced from the 3,260.000 zone.
- FVG Area: Gap available for price to fill up toward 3325.626.
- Order Block: Major resistance near the 3,440.000 region.
- Structure: A potential bullish short-term recovery setup.
Target Projection: $3325.626
If buyers maintain control around the current support, we could see a move into the FVG before facing major resistance at the order block above. Watch closely for bullish confirmations or possible rejections around the FVG area.
GBP_NZD SWING LONG|
✅GBP_NZD dropped to
Retest a horizontal support
Level around 2.2200 and we
Are already seeing a bullish
Rebound so as we are bullish
Biased further growth
Is to be expected
LONG🚀
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CHF_JPY GROWTH AHEAD|LONG|
✅CHF_JPY made a retest
Of the horizontal support
Around 172.500 and we are
Already seeing a powerful
Rebound so we are bullish
Biased and we will be
Expecting a further move up
LONG🚀
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NZD-JPY Short From Falling Resistance! Sell!
Hello,Traders!
NZD-JPY is going up
And will soon hit a falling
Resistance line from where
We will be expecting a
Local bearish pullback
And a move down
Sell!
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GBP_USD SWING SHORT|
✅GBP_USD has retested a key resistance level around 1.3400
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 1.3228 is likely
SHORT🔥
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EUR-USD Swing Long! Buy!
Hello,Traders!
EUR-USD is trading in an
Uptrend and the pair is
Making a bearish correction
So after it hits the horizontal
Support area around 1.1280
We will be expecting a
Bullish move up on Monday
Buy!
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GBP-JPY Potential Short! Sell!
Hello,Traders!
GBP-JPY keeps growing
From the lows just as we
Expected but the pair will
Soon hit a horizontal resistance
Of 192.500 and from there
A local bearish pullback
It likely to follow
Sell!
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GBP_CHF CORRECTION AHEAD|SHORT|
✅GBP_CHF has retested a nice key resistance level of 1.1100
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 1.0950 is likely
SHORT🔥
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