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NZD/USD Poised for a Breakout ?The NZD/USD pair shows signs of potential bullish momentum following a bounce from a key support level near 0.55900. Price is currently challenging the 0.56028 resistance, with further upside likely if this level is broken and sustained. The downward sloping moving average indicates a prevailing bearish trend, so this move could be a short-term retracement or a possible trend reversal depending on market strength. Key Insights Entry Area: Around 0.55940 – 0.56028 Stop-Loss: 0.55103 to manage downside risk First Target: 0.56156 Second Target: 0.56370 Final Target: 0.56781 Watch for a confirmed breakout above 0.56028 for a continuation toward higher levels. A failure to hold above 0.55900 could trigger further downside movement. Market volatility and U.S. dollar news should be closely monitored for momentum shifts. This setup offers a solid risk-to-reward ratio, balancing caution and opportunity in the current market structure.
Long
by wolfchemist
Technical Analysis and Trade Setup for GBPNZDThe forex pair GBPNZD is currently trading at a price of 2.2000, with a target price set at 2.3000, indicating a potential gain of 500+ pips. This suggests a bullish outlook for the pair, as it is expected to appreciate in value. The analysis highlights that the pair is showing a good bounce from a key support level, which often signals a reversal or continuation of an upward trend. However, the trader is exercising caution by waiting for confirmation before entering the trade. This confirmation could involve technical indicators, price action patterns, or fundamental factors aligning with the upward movement. Such an approach helps minimize risk and improve the probability of success. The trade setup relies on the strength of the support level and market sentiment favoring the pound over the kiwi. Proper risk management and adherence to a trading plan are essential when executing this strategy.
Long
by AndrewsMarket-Mastery
1
#AUDNZD 1DAYAUDNZD (1D Timeframe) Analysis Market Structure: A bearish engulfing candlestick pattern has formed, indicating strong selling pressure at the current price level. This pattern suggests that the bulls have lost control, and the bears are likely to dominate in the near term. Forecast: A sell opportunity is expected as the price shows signs of reversal following the bearish engulfing pattern, signaling potential downside movement. Key Levels to Watch: Entry Zone: After confirmation of the bearish engulfing pattern. Risk Management: Stop Loss: Placed above the high of the engulfing candle to limit risk. Take Profit: Target the next support levels for potential downside targets. Market Sentiment: The bearish engulfing pattern signals a shift in market sentiment, with selling pressure expected to continue as long as the price stays below the recent high.
Short
by PIPSFIGHTER
US30 Will Grow! Long! Please, check our technical outlook for US30. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 42,645.7. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 43,102.7 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. Like and subscribe and comment my ideas if you enjoy them!
OANDA:US30USDLong
by SignalProvider
1
SILVER Will Go Higher From Support! Buy! Here is our detailed technical review for SILVER. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 30.244. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 31.757 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. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDLong
by SignalProvider
1
NZDCAD Will Go Higher! Buy! Please, check our technical outlook for NZDCAD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.804. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.814 level soon. 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
USD/CNH Near Key Resistance: 2025 OutlookUSD/CNH Near Key Resistance: 2025 Outlook As shown by today’s USD/CNH chart: → the pair is trading around 7.35 yuan per US dollar; → historically, this level has acted as resistance, pushing the exchange rate lower in autumn 2022 and autumn 2023, as bulls briefly broke above but failed to sustain gains. The current approach to this resistance level is partly driven by expectations of US President-elect Donald Trump’s policies, which in 2025 may include imposing trade tariffs and adopting measures likely to strengthen the USD further. According to Reuters: → China holds approximately $3 trillion in foreign exchange reserves, giving it ample power to defend the yuan; → Wang Tao, Chief Economist at UBS for China, expects the USD/CNH rate to remain controlled near 7.4 yuan per dollar during the first half of 2025. However, if high tariffs are introduced by Trump’s administration, the yuan could weaken to 7.6 per dollar by the end of 2025. Technical analysis of the USD/CNH chart reveals: → price fluctuations are forming a large contracting triangle, with higher lows in 2023 and 2024 indicating stronger demand; → an upward trend structure, highlighted in blue, emerged in late 2024; → a grey arrow points to the trend direction calculated using linear regression. Thus, in early 2025, another attempt at a bullish breakout above 7.35 may occur, though resistance from bears could cause short-term pullbacks towards the lower blue trend line. Given Wang’s bullish outlook and supporting technical signals, it is reasonable to expect bulls to gain control of the 7.35 level during 2025. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
#USDJPY 2HUSDJPY (2H Timeframe) Analysis Market Structure: The price is currently testing a key resistance level, which has previously acted as a barrier to upward movement. Signs of rejection at this level indicate potential selling pressure. Forecast: A sell opportunity is anticipated if the price continues to face rejection from the resistance zone, signaling a possible move downward. Key Levels to Watch: Entry Zone: Near the resistance level after confirmation of rejection. Risk Management: Stop Loss: Placed above the resistance zone or recent swing high to minimize risk. Take Profit: Target the nearest support levels for potential downside movement. Market Sentiment: Selling pressure is expected to dominate as long as the price remains below the resistance level, maintaining a bearish outlook.
Short
by PIPSFIGHTER
GBPUSD Is Very Bearish! Short! Here is our detailed technical review for GBPUSD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.244. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.237 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
#XAGUSD 2HXAGUSD (2H Timeframe) Analysis Market Structure: The price has broken above a key resistance level, which is now acting as support. This change in role indicates potential bullish momentum, with buyers likely to dominate if the level holds. Forecast: A buy opportunity is expected as the price respects the new support level, confirming the breakout and signaling further upward movement. Key Levels to Watch: Entry Zone: Near the support level after confirmation that the price is holding above it. Risk Management: Stop Loss: Placed below the support level to limit downside risk. Take Profit: Target the next resistance levels or Fibonacci extensions for potential upside movement. Market Sentiment: The transition of resistance into support reflects strengthening buying interest, favoring upward continuation as long as the support holds.
OANDA:XAGUSDLong
by PIPSFIGHTER
GBPUSDHello Traders! 👋 What are your thoughts on GBPUSD? In the GBPUSD chart, it is observed that after breaking the support zone, the price is currently in a correction phase and pulling back towards the broken zone. Considering the price structure and the descending trendline, it is expected that after reaching the identified resistance area, the price will resume its downward movement and target lower levels. Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
16
World gold prices may go up even more.Gold held steady after a strong rally in the previous session amid President-elect Donald Trump’s insistence that US interest rates need to be cut further and China’s second consecutive month of gold purchases. Gold’s rally eased slightly after the Institute for Supply Management (ISM) released a report showing rising prices in the service sector. Accordingly, the ISM service sector price index rose sharply from 58.2 points last month to 64.4 points in December. Inflation in the US has recently been forecast to increase again, making the US Federal Reserve (Fed) more cautious with the ongoing interest rate cut cycle. The stronger USD has put pressure on gold. The DXY index jumped from 108.15 points at the same time of the previous session to 109.24 points.
TVC:GOLDShort
by FalCol_TradingMaster
The Fed's final policyWorld gold prices increased in the context of the USD falling. Recorded at 10:00 on January 9, the US Dollar Index measuring the fluctuations of the greenback with 6 major currencies was at 108.830 points. World gold prices increased sharply, reaching the highest level in nearly 4 weeks when the US labor market slowed down. This happened after the report of lower-than-expected private sector growth in December, according to payroll processing company ADP. ADP reported on Wednesday that only 122,000 jobs were created last month, lower than expected when the previous consensus forecast expected an increase of 139,000 jobs. “The labor economy slowed to a more modest pace of growth in the final month of 2024, with both hiring and wage growth slowing. The health care sector stood out in the second half of the year, adding more jobs than any other sector,” said Nela Richardson, chief economist at ADP.
OANDA:XAUUSDShort
by FalCol_TradingMaster