Get started

Forex

Is EURUSD Set for a Reversal? Watch the Potential Reversal ZonesThe recent release of Core PPI and PPI m/m published in lower than expected , signaling a potential decrease in inflationary pressures in the U.S. This could lead to speculation about a more dovish stance from the Federal Reserve, which might weaken the U.S. Dollar and provide support for other currencies, including the Euro. Let’s analyze how this data could influence the EURUSD ( FX:EURUSD ) chart. The EURUSD is moving through a Heavy Support zone($1.036-$1.011) . According to the theory of Elliott waves , it seems that EURUSD has completed the main five waves (downward) , and we can expect upward waves . I expect EURUSD to start rising again from the lower Potential Reversal Zone(PRZ) and Uptrend line and then attack the upper Potential Reversal Zone(PRZ) . If this zone is broken, we should wait for the EURUSD to attack the Resistance line . 🙏Please respect each other's ideas and express them politely if you agree or disagree. ⚠️Note: If the EURUSD goes below the lower Potential Reversal Zone(PRZ), EURUSD may fall further. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
8
EURCAD Under Pressure! SELL! My dear friends, My technical analysis for EURCAD is below: The market is trading on 1.4844 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.4774 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
XAUUSD ON A BULLISH TREND PARALLELFX:XAUUSD Good Afternoon trader, my idea for DOGEUSDT. 2H on 17/01/2025. I think this pair is strong bullish, but i have 2 opinion about this pair ; 1. XAUUSD will bounce up and break the parallel trend to chase the price at 2,743.75 and create support at the price of 2,702 2. XAUUSD will continue to fall after passing Fibonacci 0.618 at the price of 2,699.07 and looking for new support in the 2,691-2,699 price area before continuing the bullish trend. Lets discuss about this, comment on below
FOREXCOM:XAUUSDLong
by mchansha
USD/JPY: Key Pullback After 320-Pip Drops, Another Decline AheadBy analyzing the USD/JPY daily chart, we observe that after a significant drop to 155 (yielding 320 pips), the price has reacted to a key psychological level and is currently in a pullback phase. Following a short upward move, we can look for a suitable trigger to align with another potential downside move. This chart will be updated again soon—stay tuned! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
9
EUR/USD Poised for Growth: Key Levels and Targets Ahead! (READ)By analyzing the EUR/USD chart on the three-day timeframe, we observe that the price is still trading around the 1.030 level, and I expect an upward move from this pair soon. With the Dollar Index likely to decline further, this could support EUR/USD's growth. As mentioned in the previous analysis, the key upside target remains 1.044, while the significant demand levels are at 1.020, 1.005, and 0.99. Keep an eye on these levels for potential opportunities! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban The Main Analysis :
Long
by ArmanShabanTrading
1
Technical Analysis: EUR/USDFX:EURUSD In the following technical analysis, I present the composition of the EUR/USD pair from early 2022 to today, providing a detailed explanation of the movements and support levels that have formed. This is intended to give you more insights and guidance for your trading decisions. Of course, always conduct your own research and analyze based on what you believe is most appropriate. Below, I want to clarify some of the elements I personally use, which may help you better understand the chart: • Solid horizontal lines indicate highly significant levels, such as key highs and lows. • Dotted lines represent levels that are also highly important. • Dashed lines highlight the bases or highs of candles that triggered significant movements. These often act as support or resistance in the medium to short term. • Gray highlighted areas represent support or resistance zones, depending on their location. • SOS stands for Start of Structure, referring to the start of a major move that led to a significant rise or drop, forming the foundation of support. • Empty rectangles with highlighted borders FX:EURUSD signify pivot points, marking key highs and lows. If you have any questions, feel free to share your thoughts!
by TIMINGTRADE
#USDCHF WEEKLYUSDCHF (Weekly Timeframe) Analysis Market Structure: The price is currently testing two significant resistance levels: the first being the upper boundary of a channel, and the second a key horizontal resistance zone. Additionally, the formation of a sell engulfing candlestick pattern suggests increased selling pressure at these levels. Forecast: A sell opportunity is expected as the price reacts to the dual resistance zones, with bearish momentum likely to push the price lower. Key Levels to Watch: - Entry Zone: Near the resistance levels or after confirmation of bearish rejection. - Risk Management: - Stop Loss: Placed above the second resistance level or the recent swing high to manage risk. - Take Profit: Target the midline or lower boundary of the channel for potential downside movement. Market Sentiment: The confluence of the channel resistance, horizontal resistance, and the sell engulfing pattern reflects a bearish sentiment, with sellers likely to dominate the market in the short term. Proper confirmation is recommended before entering the trade to ensure alignment with market momentum.
Short
by PIPSFIGHTER
#AUDUSD WEEKLYAUDUSD (Weekly Timeframe) Analysis Market Structure: The price is currently testing a channel support level that has consistently acted as a strong base for upward movements in the past. This indicates a potential area for bullish momentum to emerge if the support holds. Forecast: A buy opportunity is anticipated if the price confirms a bounce from the channel support, signaling a potential move toward the upper boundary of the channel. Key Levels to Watch: - Entry Zone: Near the channel support level after confirmation of a bounce. - Risk Management: - Stop Loss: Placed below the channel support to limit downside risk in case the pattern fails. - Take Profit: Target the midline or the upper boundary of the channel for potential upside gains. Market Sentiment: The price action at the channel support reflects a possible bullish sentiment, with buyers likely to regain control if the support remains intact. Waiting for confirmation of a bounce is recommended before entering the trade to ensure alignment with market direction.
Long
by PIPSFIGHTER
#AUDUSD 1HAUDUSD (1H Timeframe) Analysis Market Structure: The price has broken below a key trendline support, indicating a potential shift in market momentum toward the downside. The breakdown suggests that buyers could not maintain control, and selling pressure has begun to dominate. Forecast: A sell opportunity may arise if the price retests the broken trendline as resistance and confirms rejection, signaling further bearish movement. Key Levels to Watch: - Entry Zone: After the price retests the broken trendline and shows signs of rejection. - Risk Management: - Stop Loss: Placed above the retest level or the recent swing high to manage risk. - Take Profit: Target the next support levels or significant price zones below for potential downside objectives. Market Sentiment: The breakdown of the trendline support highlights a bearish sentiment in the short term. Waiting for a retest provides a more strategic entry point, minimizing risk and aligning with market confirmation. Proper risk management is essential.
Short
by PIPSFIGHTER
CAD/JPY Rising Channel Breakdown Looms Bears in Play !Rising Channel Formation The price is trading within a rising channel, indicating a potential bullish continuation or a reversal depending on how the price reacts near the channel's boundaries. The upper boundary of the channel acted as resistance, where a rejection occurred, leading to a short setup. Golden Pocket Zone Around the 108.660–108.491 level, a "Golden Pocket Zone" is marked, indicating an area of potential caution due to increased market indecision. This zone aligns with Fibonacci retracement levels or historical pivot points. Support Levels A Good Trading Zone is identified between 107.248–106.780, which represents a potential support area for price reversal or consolidation. Wicks Pivotal Point near 105.851–105.817 serves as a critical demand zone where significant buying interest might reemerge. Short Position Setup Entry Signal: A Sell signal was triggered near the channel's resistance line, supported by a failure to break higher. The price also exhibited a rejection at a critical resistance level within the Golden Pocket Zone. Profit Levels The Peak Profit 0.22% label indicates a modest gain so far, suggesting a potential continuation if the price breaks below the channel support. A prior Peak Profit 2.96% was achieved on a similar short setup from a lower level, confirming the bearish potential within the structure. Target Levels First target: 107.248, aligning with the Good Trading Zone. Second target: 106.780, which is the bottom of the Trading Zone. Extended target: 105.851, Wicks Pivotal Point, for a more aggressive short. Stop-Loss Placement A stop-loss should be positioned above the Golden Pocket Zone (around 109.000) to protect against false breakouts or unexpected bullish momentum. Technical Patterns and Indicators Rejection Candlesticks The price formed bearish rejection candles near the channel's upper boundary and the Golden Pocket Zone, indicating strong selling pressure. Trendline Confluence The lower boundary of the channel intersects with the 107.248 level, adding confluence for a possible bounce or further breakdown. Momentum Analysis The price appears to lose upward momentum after several failed attempts to make a higher high, suggesting sellers are gaining control. This short position aligns with the current market structure, leveraging resistance levels, a rejection from the upper trendline, and bearish momentum. However, traders should exercise caution near the identified support zones and adjust stop-loss levels based on intraday volatility. A clear break below the Good Trading Zone could open the door to extended downside potential toward the Wicks Pivotal Point.
Short
by wolfchemist
Gold will have a correctionThe US core CPI was lower than expected, a positive sign for gold, increasing the likelihood that the Fed will continue to cut interest rates this year. The market now expects the Fed to cut interest rates by 40 basis points by the end of the year, compared to around 31 basis points before the inflation data. Meanwhile, gold is stuck in the crosshairs of Donald Trump, who is about to start his second term next week. Experts say that imposing tariffs on many types of imports could increase inflation and further limit the Fed's ability to cut interest rates. Many believe that precious metals will have no shortage of bullish catalysts in 2025. According to Chris Mancini, portfolio manager of Gabelli Gold Fund, the main catalyst he is watching is economic uncertainty and the impact on consumer prices.
OANDA:XAUUSDShort
by FalCol_TradingMaster
World gold price increased slightly after CPIGold prices rose sharply on the back of a fresh US inflation report that showed the pace of growth was not too hot. Key US economic data released recently showed that the consumer price index (CPI) in December rose 2.9% year-on-year, in line with market expectations, compared to a 2.7% increase in the November report. The core CPI (excluding food and energy prices) rose slightly more than expected, rising just 0.2% compared to a forecast of 0.3% month-on-month. US stock indexes are expected to open sharply higher in New York trading, supported by more moderate US inflation data. In overnight news, the Japanese yen rose sharply on fresh speculation that the Bank of Japan will raise interest rates at its monetary policy meeting later next week. UK consumer prices came in slightly below market expectations, raising hopes of a resumption of rate cuts when the Bank of England meets early next month.
OANDA:XAUUSDShort
by FalCol_TradingMaster
1