Forex
NZDUSD: Bearish Continuation & Short Signal
NZDUSD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell NZDUSD
Entry Level - 0.5670
Sl - 0.5694
Tp - 0.5621
Our Risk - 1%
Start protection of your profits from lower levels
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EURUSD The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the EURUSD next move:
The instrument tests an important psychological level 1.0429
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0364
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
AudCad should follow the trend.Looking for Impulse Down.
AudCad now at Daily FVG area. I am expecting it will follow down trend to take lower liquidity. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
NZDCAD Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The price is coiling around a solid key level - 0.8143
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8127
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
AUDJPY: Bearish Continuation
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDJPY chart which, if analyzed properly, clearly points in the downward direction.
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AUDCHF Having a strong rebound on the 1.5 year Support.Last time we looked at AUDCHF (October 01 2024, see chart below), we took a long-term short trade based on the multi-year Channel Down:
The 0.56000 Target got hit and yet again the 1.5 year Support Zone (since August 2023) held. Sooner or later, this demand zone should break the pattern upwards and reverse the bearish trend.
Until then, we can continue buying on the Support Zone and target the Lower Highs. This time that trend-line happens to be where the 1W MA50 (blue trend-line) is headed at, so our Target is now 0.58000.
Apart from the Support Zone, we will only buy if the price breaks above Resistance 1, which will be past a Channel Down bullish break-out also, and target the 1W MA200 (orange trend-line) and Resistance 2 at 0.61000.
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DXY in 4H timeframehello dear traders
U.S. Dollar Index (DXY) and the potential for a correction over the next month:
Federal Reserve Monetary Policy:
If the Federal Reserve signals a slowdown or pause in its rate hikes, it could put downward pressure on the DXY. Upcoming speeches or FOMC minutes will be key indicators to watch.
U.S. Economic Data:
Weaker-than-expected economic data, such as lower GDP growth, higher unemployment rates, or declining inflation, could suggest a less aggressive Fed policy, leading to a potential correction in the dollar.
Global Economic Trends and Risk Sentiment:
Increased risk appetite in global markets could drive investors toward riskier assets (like equities or emerging market currencies), reducing demand for the dollar as a safe-haven asset.
Geopolitical and International Developments:
Any easing of geopolitical tensions or positive trade agreements between major economies could diminish the dollar’s safe-haven appeal and contribute to a potential correction.
Correlated Markets like Gold and Oil:
Rising prices in gold or oil often correlate with a weaker dollar. If these assets strengthen, it could be a sign of dollar weakness.
In summary, weaker U.S. data or dovish signals from the Fed, combined with a more favorable global economic environment, could increase the likelihood of a DXY correction over the next month.
GBPJPY Trade IdeaWe have what could be a build up for a possible buy on GBPJPY. We have a short term bullish trend inside our overall bullish trend. There was a break above a key level, a pull back followed by a rejection on that key zone will be a confirmition of a buy, anticipating for the market to push to the upside
GBPJPY looking to do a bullish movementby the end of today, i am expecting GBPJPY looking to do a bullish movement to around the 0.5 mark of the fibo as seen, which is around the 193.855 and 194.085 price points. From all indications, its gonna be a smooth one. And of course we are bullish on all timeframes
"XAU/USD Bullish Breakout with Fibonacci Pullback Setup"This H1 chart of XAU/USD highlights a bullish trend targeting the D1 Supply Zone, a critical resistance area where sellers may step in. A trendline breakout at 2744 confirms strong buying momentum, and Fibonacci retracement levels (50%, 61.8%, 78.6%) are plotted to identify potential pullback zones before further upward movement.
The setup anticipates a pullback to the 61.8% level, offering a high-probability entry for buyers aiming to ride the trend. The target is the supply zone, aligning with the continuation of bullish momentum while keeping an eye on potential reversals near key resistance.
Gold will be fly make new record 2810This chart displays an analysis of the Gold Spot/U.S. Dollar (XAU/USD) on a 1-hour timeframe. Key components of the analysis include:
1. Current Price Levels:
Buy price: 2,761.12
2. Bullish Channel:
Gold is trending within an upward sloping channel, indicating a bullish trend in the short term.
3. Target Levels:
A significant target is identified at 2,810, marked as a potential new high.
4. Price Action Projection:
The blue arrow suggests that the price is expected to rise toward the target level of 2,810. After reaching this, a possible correction or retracement might occur before another upward move.
5. Stop Loss:
A stop-loss level is set at 2,740, which is below the current trendline to minimize potential losses in case the trend reverses.
6. Resistance and Support Zones:
Key resistance levels are near 2,810, while the lower boundary of the channel and 2,740 serve as support.
This analysis anticipates a continued bullish move but incorporates risk management strategies in case of market reversals.
Kha
#CHFJPY 4HCHFJPY (4H Timeframe) Analysis
Market Structure:
The price is moving within a downward trend channel, consistently creating lower highs and lower lows. Currently, the price is near the lower boundary of the channel, which acts as a dynamic support level. This suggests the potential for a short-term bounce or reversal to the upside.
Forecast:
A buy opportunity is anticipated if the price confirms a bounce from the channel's lower boundary, targeting the midline or upper boundary of the channel.
Key Levels to Watch:
- Entry Zone: Near the channel's lower boundary after confirmation of a bounce.
- Risk Management:
- Stop Loss: Placed below the channel's lower boundary or the recent swing low to manage risk.
- Take Profit: Target the midline or upper boundary of the channel for potential upside movement.
Market Sentiment:
The downward trend channel suggests an overall bearish structure, but a temporary bullish move is possible near the channel's support. Confirmation of a bounce is necessary before entering the trade to ensure alignment with market conditions.
EURUSD → Efforts to shift the global trendFX:EURUSD breaking the boundaries of the prolonged downtrend channel, the pair is currently struggling below the resistance level at 1.0448, aiming for consolidation that could set the stage for a further rally of at least 100 to 200 pips.
The global trend remains bearish, and it is still too early to confidently declare a reversal. Prices are facing significant pressure at the critical resistance level of 1.0448. However, signs of a potential breakout are beginning to emerge in this area. If the US dollar continues its corrective movement, EURUSD could have a chance to confirm a shift in the current trend. A decisive breakout above 1.0448, followed by consolidation, could pave the way for the next bullish momentum.
Key levels to watch:
Resistance levels: 1.0448, 1.0607
Support levels: 1.033, 1.0222
Currently, all eyes are on the critical resistance level of 1.0448. A breakout and stability above this level could provide an attractive entry point for long positions, setting the stage for the next phase of growth.
Sincerely, Bentradegold!
#XAGUSD 4HXAGUSD (4H Timeframe) Analysis
Market Structure:
The price is currently respecting a wedge trendline resistance, which suggests that upward momentum is weakening. This pattern indicates a potential bearish reversal if the price fails to break above the resistance and starts moving downward.
Forecast:
A sell opportunity may arise if the price confirms rejection at the wedge trendline resistance, signaling the possibility of a move toward lower support levels.
Key Levels to Watch:
- Entry Zone: After the price shows clear rejection from the trendline resistance.
- Risk Management:
- Stop Loss: Placed above the trendline resistance or the recent swing high to minimize risk.
- Take Profit: Target the lower boundary of the wedge or nearby support zones for potential downside movement.
Market Sentiment:
The wedge trendline resistance indicates bearish sentiment, with sellers likely to gain control if the price fails to break above the resistance. Waiting for confirmation of rejection ensures alignment with market momentum.
Trend change, momentum phase - AUDUSDAt 17th of January, price attempted to continue in a downtrend, but it quickly reversed with a ripping force, completely evaporating the attemptation summit. Price then created a pullback after change of character, and respected the broken high as such. So right now, the market is starting to push price higher, and I think it attracts toward the broken structure of December 17th.
Market Analysis: USD/JPY Corrects GainsMarket Analysis: USD/JPY Corrects Gains
USD/JPY is correcting gains and now consolidates below 156.00.
Important Takeaways for USD/JPY Analysis Today
- USD/JPY is trading in a bearish zone below the 157.00 and 156.60 levels.
- There is a connecting bearish trend line forming with resistance near 155.90 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the pair started a steady decline from well above the 158.00 zone. The US Dollar gained bearish momentum below the 157.00 support against the Japanese Yen.
The pair even settled below the 156.60 level and the 50-hour simple moving average. There was a spike below 155.00 and the pair traded as low as 154.77. It is now correcting losses and trading above the 50-hour simple moving average and the 50% Fib retracement level of the recent decline from the 156.58 swing high to the 154.77 low.
Immediate resistance on the USD/JPY chart is near a connecting bearish trend line at 155.90. It is near the 61.8% Fib retracement level of the recent decline from the 156.58 swing high to the 154.77 low.
The first major resistance is near the 156.60 zone. If there is a close above the 156.60 level and the hourly RSI moves above 60, the pair could rise toward 157.00. The next major resistance is near 157.70, above which the pair could test 158.50 in the coming days.
On the downside, the first major support is near 155.35. The next major support is near the 154.80 level. If there is a close below 154.80, the pair could decline steadily. In the stated case, the pair might drop toward the 154.00 support.
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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.
#XAGUSD 4HXAGUSD (4H Timeframe) Analysis
Market Structure:
The price is currently respecting a wedge trendline resistance, which suggests that upward momentum is weakening. This pattern indicates a potential bearish reversal if the price fails to break above the resistance and starts moving downward.
Forecast:
A sell opportunity may arise if the price confirms rejection at the wedge trendline resistance, signaling the possibility of a move toward lower support levels.
Key Levels to Watch:
- Entry Zone: After the price shows clear rejection from the trendline resistance.
- Risk Management:
- Stop Loss: Placed above the trendline resistance or the recent swing high to minimize risk.
- Take Profit: Target the lower boundary of the wedge or nearby support zones for potential downside movement.
Market Sentiment:
The wedge trendline resistance indicates bearish sentiment, with sellers likely to gain control if the price fails to break above the resistance. Waiting for confirmation of rejection ensures alignment with market momentum.
Market Analysis: EUR/USD Starts IncreaseMarket Analysis: EUR/USD Starts Increase
EUR/USD started a decent upward move above the 1.0350 resistance.
Important Takeaways for EUR/USD Analysis Today
- The Euro found support and started a recovery wave above the 1.0360 resistance zone.
- There is a key bullish trend line forming with support near 1.0395 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.0265 zone. The Euro climbed above the 1.0310 resistance zone against the US Dollar.
The pair even settled above the 1.0350 resistance and the 50-hour simple moving average. Finally, it tested the 1.0435 resistance. A high is formed near 1.0434 and the pair is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the 1.0266 swing low to the 1.0434 high.
Immediate support is near the 1.0395 level. There is also a key bullish trend line forming with support near 1.0395. The next major support is at 1.0350 and the 50% Fib retracement level of the upward move from the 1.0266 swing low to the 1.0434 high.
If there is a downside break below 1.0350, the pair could drop toward the 1.0310 support. The main support on the EUR/USD chart is near 1.0265, below which the pair could start a major decline.
On the upside, the pair is now facing resistance near 1.0435. The next major resistance is near the 1.0450 level. An upside break above 1.0450 could set the pace for another increase. In the stated case, the pair might rise toward 1.0550.
Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot.
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.