Forex
GBPUSD A Bearish Shift in the MakingThe chart highlights a key overhead resistance (red line). Price has tested this level and appears to be struggling to break above it decisively. This resistance zone is likely attracting sellers who are defending it vigorously.
After failing to break above the resistance, the market seems to be forming a lower high. This shift in structure can be an early warning of a bearish reversal, as buyers lose momentum and sellers begin to gain control.
The blue horizontal line marks a significant support zone. The chart’s projected path indicates a potential move down toward this area, suggesting that sellers might push the price lower if immediate support levels fail to hold.
AUDUSD What Next? BUY!
My dear followers,
I analysed this chart on AUDUSD and concluded the following:
The market is trading on 0.6361 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6376
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURJPY forming a bottom?EURJPY - 24h expiry
Posted a Bullish Hammer Bottom on the 4 hour chart.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Further upside is expected although we prefer to buy into dips close to the 156.97 level.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy at 156.75 (stop at 155.72)
Our profit targets will be 159.47 and 160.55
Resistance: 159.10 / 160.55 / 162.00
Support: 154.40 / 151.10 / 149.30
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
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AAPLAAPL price is in a correction phase. Now the price is near the resistance zone. If the price cannot break through 259, it is expected that the price will drop. Consider selling the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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DXY Will Go Up From Support! Long!
Please, check our technical outlook for DXY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 106.618.
Considering the today's price action, probabilities will be high to see a movement to 107.382.
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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ETHUSD Will Go Higher! Buy!
Here is our detailed technical review for ETHUSD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2,680.76.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,828.54 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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AUDJPY Will Go Up! Long!
Take a look at our analysis for AUDJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 95.281.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 97.336 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUDCAD Will Move Higher! Buy!
Please, check our technical outlook for AUDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.904.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.913 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURUSD Will it follow Trump's 1st Term??The EURUSD pair made a market bottom on January 13 2025 and in recent trade, it has been consolidating above the 1D MA50 (blue trend-line). Interestingly enough, this is so far similar to the price action that preceded and followed Trump's 1st Term.
A 1D Death Cross took the market from the November 2016 elections to the January 2017 bottom. After a 1D RSI Double Top and Resistance rejection, the pair dropped again below the 1D MA50 (blue trend-line) but recovered to reach the 1D MA200 (orange trend-line) in end of March 2017 and initiate an aggressive Channel Up that peaked on the 1.618 Fibonacci extension from the September 2016 High.
If EURUSD continues to replicate Trump's Year 1 of his 1st Term, it is possible to see the price reach 1.19000 by the end of 2025, although of course we can't rely solely on repetitive patterns, but have to go along macro reports and policies one at a time.
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LONG CHF/HUF: OversoldHello readers, my name is Andrea Russo and I am a Forex Trader. Today I want to share with you an opportunity that I am monitoring in the currency market, specifically the CHF/HUF pair. As many of you may know, when a currency pair enters an oversold phase, it opens up reversal possibilities that are worth exploring. In this case, technical analysis and fundamentals suggest that the CHF/HUF is about to start an upward correction, and my trading idea is to open a long position on this pair.
Why is CHF/HUF oversold?
In the last few days, the Swiss Franc (CHF) has lost ground against the Hungarian Forint (HUF), and prices have fallen below key technical levels. This has pushed the pair into an oversold zone, as evidenced by the RSI (Relative Strength Index) and Stochastic oscillators that are below the 30 level, signaling a possible trend reversal.
Furthermore, fundamental data analysis shows that Switzerland’s monetary policy remains relatively stable, while Hungary is facing economic challenges that could slow down the appreciation of the forint in the coming months. These factors, combined with the technical setup, make the idea of a long CHF/HUF very attractive.
Trading Strategy
My strategy is to enter the market when the pair reaches the support at 375.00 HUF. At this point, I will carefully monitor the technical indicators for reversal signals. A bounce in this area could lead to prices moving up towards the next resistance level at 380.00 HUF, which could offer interesting profit potential for traders willing to manage the risk.
Risk Management
As always, it is essential to maintain strict risk management. I suggest placing a stop loss below the support level at 374.00 HUF, to protect against any adverse movements. The initial profit target can be set at 380.00 HUF, but I will monitor the market for any adjustments based on the price action.
Conclusion
In summary, the CHF/HUF pair is in an oversold zone, and the technical and fundamental conditions suggest a possible reversal to the upside. A long trade could offer an interesting opportunity, provided that the risk is managed properly.
As always, remember that markets are unpredictable, so I encourage you to do your own analysis before entering any trade.
Happy trading!
JUVUSDT: Descending Channel – 120%-130% Gains on Breakout!JUVUSDT is currently forming a Descending Channel pattern, and it is looking for a breakout in the near future. The Descending Channel is a bearish technical pattern where the price oscillates between parallel descending trendlines, indicating that the price is in a downtrend. However, the pattern often leads to a breakout to the upside once the price clears the upper resistance trendline. With strong volume backing the pattern, the breakout could signal the start of a major bullish move, potentially driving the price up by 120% to 130%+.
The good volume behind the Descending Channel formation shows that the market is actively watching this level. A breakout from a descending channel often leads to a sharp rally, as many traders will jump in once the price breaks through the upper resistance. The growing investor interest in JUVUSDT suggests that the market is becoming more optimistic about the potential upside. This increasing participation could fuel the breakout, pushing the price higher and leading to the anticipated 120% to 130%+ gain.
The potential for substantial gains in JUVUSDT becomes more apparent as the price nears the breakout point. The Descending Channel pattern is typically followed by a reversal, especially when the price breaks through the resistance and gains momentum. If JUVUSDT can maintain strength at these levels and break above the upper trendline of the channel, a bullish phase could begin, driving the price to new highs. With the increasing volume and investor interest, the projected 120% to 130%+ gain is within reach.
Traders should monitor the price closely as it approaches the resistance trendline, looking for confirmation of the breakout. A successful breakout above the Descending Channel could result in a swift upward movement, providing significant returns for those who position themselves ahead of the move. The combination of a clear technical setup, strong volume, and growing investor interest makes JUVUSDT a prime candidate for those seeking high-potential trades.
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GBPUSD - Down We Go!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPUSD has been overall bullish, trading within the rising channel marked in red.
However, it is currently retesting the upper bound of the channel which lines up perfectly with the resistance zone marked in blue.
📉As per my trading style, as long as the resistance zone holds, I will be looking for sell setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPUSD Is Very Bullish! Buy!
Take a look at our analysis for GBPUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.263.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.267 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EUR/USD: Navigating Supply Zones and Future TrendsThis morning, the EUR/USD pair opened at 1.05279, experiencing an initial push before retreating to around 1.04700. As I draft this analysis, the market is exhibiting a rejection spike, indicating volatile trading conditions. Currently, the price is lingering within a supply zone established last week, where we witnessed a notable bearish impulse followed by a sharp bullish reversal leading us to our present levels.
In the absence of significant macroeconomic updates or policy news to influence the currency markets, we will be closely observing any developments surrounding tariffs and the US's stance on European security as they unfold this week.
Additionally, the upcoming PCE inflation figures from the United States, scheduled for release on Friday, will be under the scrutinization of Federal Open Market Committee (FOMC) officials, as usual.
Our outlook remains robust, as we anticipate a potential bearish trend in the market. The current price resides within a supply area, supported by the latest Commitment of Traders (COT) report, which indicates a bullish sentiment among retail traders. Furthermore, our forecasting indicators suggest a looming bearish trend, consistent with patterns observed over the past decade during this timeframe. We are positioning ourselves for a bearish week ahead.
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USOIL LONG FROM SUPPORT
Hello, Friends!
The BB lower band is nearby so USOIL is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 73.00.
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EURO LIFTS POST-GERMAN VOTE—BUT USD BITES BACKEURO LIFTS POST-GERMAN VOTE—BUT USD BITES BACK FX:EURUSD
(1/9)
Good morning, Tradingview Fam! Germany’s election—Merz and CDU on top—gave the euro a quick jolt, up 0.44% to $1.0507 📈🔥. Markets dig the stability vibe, but it’s fading fast—let’s unpack this tussle! 🚀
(2/9) – ELECTION SPARK
• Euro Bump: Hit $1.0530 overnight—election cheer 💥
• Markets: DAX futures up 1.2%, EUROSTOXX 50 +0.66% 📊
• Fade: Now at $1.0480—USD’s flexing back
Brief lift—stability’s sweet, but not sticky!
(3/9) – TECH TELLTALE
• Resistance: $1.0500-1.0510 wall holds firm 🌍
• Support: $1.0470 pivot, then $1.0440 if it slips 🚗
• Charts: Double top whispers at $1.0530 🌟
Traders on X see a retreat—bearish juice brewing?
(4/9) – USD PUSHBACK
• Jobless Claims: Weak last week, USD softened a tad 📉
• Fed: No rush to cut—rates steady, Nvidia looms
• Muscle: Dollar’s clawing back—ballast holds
AMEX:USD ’s got grit—euro’s nudge ain’t enough! 🌍
(5/9) – RISKS IN PLAY
• Volatility: PMI data, Nvidia earnings stir the pot ⚠️
• Sentiment: X split—liquidity grab or bear turn? 🏛️
• Levels: Below $1.0470 opens $1.0390 risk 📉
Quick sprint—can euro keep the pace?
(6/9) – SWOT: STRENGTHS
• Election Lift: CDU win sparks euro hope 🌟
• Markets: European futures pop—optimism flows 🔍
• Cash: $1.0530 peak shows buyer guts 🚦
Euro’s got some spark—briefly lit!
(7/9) – SWOT: WEAKNESSES & OPPORTUNITIES
• Weaknesses: $1.0510 cap, USD fights back 💸
• Opportunities: PMI beats could push $1.0600 🌍
Will euro dodge the dollar’s jab?
(8/9) – Euro’s election bump—what’s your call?
1️⃣ Bullish—Stability wins out.
2️⃣ Neutral—Blip, not a trend.
3️⃣ Bearish—USD takes the ring.
Vote below! 🗳️👇
(9/9) – FINAL TAKEAWAY
Euro spiked to $1.0507 on Germany’s vote—CDU’s steady hand 🌍🪙. Now $1.0480—USD’s got claws. Resistance bites, downside looms—blip or bust?
EUR/USD BEARS 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 1.024.
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XAUUSD strong analysis It looks like you've uploaded an image of a technical analysis chart for XAU/USD (Gold Spot vs. USD). If you're asking for a disruption or critique of the analysis, here are some points to consider:
1. Resistance Zones Might Not Hold – The strong resistance and resistance levels marked could break if there's strong bullish momentum. Historical resistance is important, but news events or institutional orders could push through.
2. Support Might Not Be Strong – The support level identified might not hold if there's a strong bearish move. A break below this could lead to further downside.
3. Alternative Scenarios – Instead of assuming a range-bound movement between support and resistance, consider:
A breakout above resistance leading to a continuation rally.
A breakdown below support leading to a deeper correction.
A fake-out scenario where price breaks a level but reverses sharply.
4. Fundamental Factors Missing – The analysis lacks mention of economic data, Fed decisions, or geopolitical factors that significantly impact gold prices.
5. Volume Confirmation? – There’s no mention of volume, which can confirm whether these support and resistance levels are strong
CAD/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
CAD-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 108.562 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the CAD/JPY pair.
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AUD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
AUD/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 97.092 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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