NZD_CHF MOVE DOWN AHEAD|SHORT|
✅NZD_CHF is set to retest a
Strong resistance level above of 0.5000
After trading in a local uptrend for some time
Which makes a bearish pullback a likely scenario
With the target being a local support below at 0.4892
SHORT🔥
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Forex-trading
GBP_JPY BEARISH BIAS|SHORT|
✅GBP_JPY has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of
Price decline is to be expected
SHORT🔥
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GBP-CHF Will Go Down! Sell!
Hello,Traders!
GBP-CHF is moving upwards
Towards the horizontal resistance
Above around 1.1125 and as the
Pair is overbought we will be
Expecting a local pullback and
A bearish correction
Sell!
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EUR_JPY RESISTANCE AHEAD|SHORT|
✅EUR_JPY is going up now
But a strong resistance level is ahead at 164.870
Thus I am expecting a pullback
And a move down towards the target of 163.000
SHORT🔥
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USD-CHF Correction Ahead! Sell!
Hello,Traders!
USD-CHF is growing but
Will soon hit a horizontal
Resistance of 0.8383
From where we will be
Expecting a local
Bearish pullback
Sell!
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CAD-CHF Will Keep Growing! Buy!
Hello,Traders!
CAD-CHF is trading in a
Local uptrend and the pair
Made a bullish breakout
Of the key horizontal level
Of 0.5939 so we are bullish
Biased and now that the
Pair is going up again we
Will be expecting a
Further bullish continuation
Buy!
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NZD_CAD RESISTANCE AHEAD|SHORT|
✅NZD_CAD is going up to retest
A horizontal resistance of 0.8350
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 0.8275
SHORT🔥
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NZD-JPY Will Go UP! Buy!
Hello,Traders!
NZD-JPY made a bullish
Breakout of the key horizontal
Level of 85.100 then made a
Local pullback and is going up
Now so we are bullish biased
And we will be expecting a
Further bullish move up
Buy!
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SILVER Silver (XAG/USD) shows a potential bearish correction setup forming after rejection from the upper resistance channel. Price is currently consolidating below the resistance zone after testing the upper band and is projected to move downward toward the order block and potentially the support trendline.
The chart suggests a bearish move targeting the next level at 32.8153, which aligns with a confluence of support between the lower trendline and the order block zone.
Key Technical Elements:
- Resistance Zone: Price failed to break above33.70, confirming a strong supply area.
- Bearish Projection: Lower highs and consolidation hint at possible downside movement.
- Next Target: 32.8153
- Order Block Trendline Support: Could serve as a bounce zone or continuation support.
Outlook: If price breaks below the intermediate channel support, it may trigger further downside toward32.81. However, watch for reactions around the order block for potential bullish reversals. This setup is ideal for short-term traders monitoring key levels for entry and risk control.
NZD/USD Climbs on US-China Optimism and RBNZ Rate Cut ExpectatioNZD/USD Climbs on US-China Optimism and RBNZ Rate Cut Expectations
The NZD/USD currency pair edged higher during European trading hours on Thursday, recovering from two consecutive sessions of losses. Trading near 0.5982, the pair benefited from renewed optimism surrounding potential US-China trade negotiations, a key factor given New Zealand's strong economic ties with China.
This resurgence in the Kiwi dollar (NZD) contrasts with the broader trend of recent days. The previous decline was likely fueled by concerns over global economic growth and the impending interest rate decisions from central banks across the globe. The pair's upward movement now suggests a shift in sentiment, with investors recognizing the potential positive impact of a potential trade thaw.
Crucially, expectations surrounding the Reserve Bank of New Zealand's (RBNZ) upcoming May meeting are also playing a significant role. Markets are overwhelmingly pricing in a 25 basis-point cut to the Official Cash Rate (OCR) from its current 3.5%. Furthermore, there's a growing expectation of further easing to 2.75% by the year-end. This anticipated easing of monetary policy in New Zealand is providing substantial support to the NZD, adding another bullish element to the current trading environment.
From a technical perspective, the price action around the crucial 0.5980 level highlights the interplay of fundamental and technical factors. While the price has reached a weekly supply zone, the confluence of optimistic trade sentiment and the expected OCR cut is currently outpacing any bearish technical indicators.
However, a sustained move above the significant resistance of the 0.6000 level is critical to confirming the renewed bullish momentum. A break above this psychological barrier would signal further strength in the Kiwi dollar, whereas a reversal below 0.5980 would bring the previously discussed bearish factors back into the forefront.
Looking ahead, the key to future direction for the NZD/USD will likely depend on the outcome of the US-China trade negotiations and any potential further developments regarding the RBNZ's interest rate decisions. Markets will be watching closely for any tangible progress in either area, as this will likely dictate the pair's trajectory.
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GBP/USD Pressure Mounts on Weak UK DataThe GBP/USD currency pair faced downward pressure on Wednesday, largely due to disappointing data from the UK’s Purchasing Managers Index (PMI). This index showed a contraction in private sector business activity for April, signaling potential challenges in the UK economy. As a result, the Pound Sterling weakened against its major counterparts during European trading hours, reflecting growing concerns among investors about the economic outlook.
As the day progressed, the focus shifted to the US Dollar (USD), which was buoyed by increasing optimism regarding easing tensions between the United States and China. Investors reacted positively to news surrounding potential diplomatic efforts and economic collaborations, leading to a stronger USD and further pulling the GBP/USD pair lower. This shift in sentiment highlights how geopolitical developments can significantly impact currency markets.
Interestingly, the price action in the GBP/USD pair reached a notable Weekly Supply zone. This area has historically acted as a resistance level, and despite the current bearish trend, many retailers remain bullish on the Pound. This divergence in sentiment suggests that traders are closely monitoring the situation for signs of a reversal. Given the current conditions, there is speculation that the pair could experience a turnaround as it interacts with this important price level.
Overall, the dynamics between the GBP and USD underscore the ongoing volatility in the foreign exchange market, driven by economic data and geopolitical events. Moving forward, market participants will likely keep a close eye on upcoming indicators and developments that could influence the trajectory of this currency pair, particularly in light of the recent fluctuations and the current positioning within the Weekly Supply zone.
Weekly chart 6B1!
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EUR-GBP Rebound Ahead! Buy!
Hello,Traders!
EUR-GBP is about to retest
A horizontal support level
Of 0.8520 and as it is a
Strong key level we will
Be expecting a rebound
And a further move up
Buy!
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EUR-USD Long From Support! Buy!
Hello,Traders!
EUR-USD is making a bearish
Correction but the pair will soon
Hit a horizontal support level
Of 1.1231 from where we
Will be expecting a local
Bullish rebound and a move up
Buy!
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EUR-AUD Local Long! Buy!
Hello,Traders!
EUR-AUD is about to hit
A horizontal support level
Of 1.7691 from where we
Will be expecting a rebound
And a local bullish move up
Buy!
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NZD-USD Potential Long! Buy!
Hello,Traders!
NZD-USD is trading in an
Uptrend and the pair is making
A local bearish correction
Towards the horizontal support
Level of 0.5912 and after the
Retest we will be expecting
A bullish rebound
Buy!
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CAD_CHF LOCAL SHORT|
✅CAD_CHF made a nice
Bullish move up from the lows
But the pair is about to retest
A horizontal resistance level
Of 0.5952 from where we
Will be expecting a local
Bearish correction
SHORT🔥
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GBP-NZD Swing Long! Buy!
Hello,Traders!
GBP-NZD made a bullish
Rebound from the rising
Support line so we are
Bullish biased and we
Will be expecting a
Further bullish move up
Buy!
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NZD_USD SHORT SIGNAL|
✅NZD_USD grew again
To retest the resistance of 0.6038
But it is a strong key level
So I think that there is a high chance
We will see a bearish pullback and a move down
Thus, we can enter a short trade
With the TP of 0.5953 and
The SL of 0.6042
SHORT🔥
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NZD-USD Will Fall! Sell!
Hello,Traders!
NZD-USD has retested a
Horizontal resistance level
Of 0.6036 so we are
Locally bearish biased
And from the resistance we
We will be expecting a
Local bearish correction
Sell!
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USD_JPY SWING LONG|
✅USD_JPY is set to retest a
Strong support level below at 139.559
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 141.384
LONG🚀
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GBP-USD Short From Resistance! Sell!
Hello,Traders!
GBP-USD went up sharply
Made a retest of the
Horizontal resistance level
Of 1.3432 from where we
Are already seeing a local
Bearish reaction so we
Are locally bearish biased
And we will be expecting
A local bearish correction
Sell!
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GBP_NZD LONG FROM RISING SUPPORT|
✅GBP_NZD is trading along the rising support line
And as the pair is going up now
After the retest of the line
I am expecting the price to keep growing
To retest the supply levels above around 2.2532
LONG🚀
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EUR_NZD LOCAL SHORT|
✅EUR_NZD will soon retest a local resistance level of 1.9268
So I think that the pair will make a pullback
And go down to retest the demand level below at 1.9130
SHORT🔥
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