Market Analysis: EUR/USD (1H Chart)The EUR/USD pair is currently consolidating following a Break of Structure (BoS) to the upside, suggesting a potential shift in market sentiment. The price action indicates a corrective phase after a strong bullish impulsive move.
Key Levels:
- Resistance: **1.09322** (target zone)
- Support: **1.08622** (H1 demand zone)
- Current Price: **1.08854**
- Market Structure & Outlook :
- The price recently formed a **BoS**, signalling a possible bullish continuation.
- There is an **order block** within the highlighted demand zone, which could act as a strong support level.
- The grey risk-reward box suggests a long position setup, with a stop-loss below **1.08622** and a target near **1.09322**.
- Trading Consideration:
- If the price retests the **H1 demand zone** and shows bullish confirmation, a long position could be favourable.
- A break below **1.08622** could invalidate the bullish bias, shifting momentum to the downside.
Overall, the market is currently at a decision point, with bullish continuation likely if key support holds.
Forextrading
OIL BUY TARGET SUCCESSFUL READ IN CAPTIONSThe chart shows WTI Crude Oil (CFDs) on a 1-hour timeframe, displaying an upward trend in a well-defined channel. Here are key observations:
1. Resistance: The price is currently testing the upper resistance zone around 67.80, with a series of pullbacks indicating a potential reversal. This resistance level has been tested multiple times, and a rejection here could lead to a further downward movement.
2. Support Level: The support level is clearly marked at 66.50, and the price has bounced multiple times from this zone. It acts as a key level to monitor for price reversals.
3. Order Block: An order block is formed around 67.20, suggesting that there is significant buying activity at this level. If the price breaks below this level, it could indicate further weakness.
4. Target: The target is set at 67.64, just below the current price action. If the price breaks below the order block at 67.20, we could expect a pullback toward this target.
5. Potential Downward Move: The price has formed a lower high around 67.50, which suggests the possibility of a bearish reversal. If the price fails to break the resistance at 67.80 and fails to hold above 67.20, it may move toward the target at 67.64.
EURUSD Further Upside potentialThe EUR/USD pair continues to consolidate after experiencing strong bullish momentum. Since Tuesday, the price has primarily been moving sideways, remaining within a defined range. The market is currently positioned at a key resistance zone, yet no significant pullback was observed last week.
At this stage, the price appears likely to continue ranging before making a decisive move. An ABC pullback is in formation, and once completed, there is a strong potential for the trend to resume. A dip below last week's low is anticipated, followed by a rebound from the support level near 1.07800 and the upward trendline. The next potential target is the resistance zone around 1.10000
USDCHFHello Traders! 👋
What are your thoughts on USDCHF?
In the daily timeframe, USDCHF has broken a key support level, which has now turned into resistance.
The pair is currently forming a pullback to the broken level, retesting it as resistance.
We expect the price to complete its pullback to the broken level and then continue its decline toward the specified target.
Will USD/CHF resume its downtrend after the pullback, or will buyers regain control? Share your thoughts below!
Don’t forget to like and share your thoughts in the comments! ❤️
GOLD hit 3000$ The first notable event is the Bank of Japan (BOJ) monetary policy meeting on Tuesday, followed by the US Federal Reserve (FED) interest rate decision on Wednesday. The Swiss National Bank (SNB) and the Bank of England (BOE) will announce their interest rate policies on Thursday.
These moves can directly affect the strength of the USD and capital flows into gold. This expert believes that if the FED maintains a "hawkish" stance and takes a cautious view on cutting interest rates, the USD may continue to strengthen, putting pressure on gold prices. On the contrary, if the signals from the FED are more easing, the precious metal may maintain its upward momentum.
Commodity experts at Macquarie have raised their gold price forecast to $3,500 an ounce by the third quarter of 2025. They had previously targeted $3,000 for mid-year, but gold prices have hit that mark earlier than expected.
Mon 17th Mar 2025 GBP/AUD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/AUD Sell. Enjoy the day all. Cheers. Jim
Mon 17th Mar 2025 AUD/CHF Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/CHF Buy. Enjoy the day all. Cheers. Jim
Mon 17th Mar 2025 GBP/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Sell. Enjoy the day all. Cheers. Jim
US30 Rebounds from Key Support – Bulls Eyeing New HighsKey Support & Trendline Confluence:
The price recently bounced off the long-term ascending trendline, which has been a strong support level since late 2023.
The 38.2% Fibonacci retracement level ($40,205) provided additional confluence for a potential reversal.
Resistance Levels & Breakout Potential:
Immediate Resistance: $42,000 – A break above this level could confirm a bullish continuation.
Major Target: $45,065 – If momentum sustains, this all-time high could be tested soon.
Bullish Scenario:
A successful breakout above $42,000 could lead to an accelerated move toward $45,065 and beyond.
The trendline’s support indicates that bulls remain in control, and the recent rebound suggests renewed buying interest.
Risk Management & Confirmation:
Bullish confirmation: Sustained price action above $41,500 with strong volume.
Invalidation level: A breakdown below $40,000 could indicate a potential trend reversal.
Conclusion & Strategy:
Short-Term: Monitor price action around $42,000 for breakout confirmation.
Mid-Term: Expect a bullish move toward $45,000+ if the trendline holds.
Long-Term: If price breaks all-time highs, further upside potential is possible.
🚀 Bullish Confirmation Above $42,000 | ⚠️ Caution Below $40,000
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
This pair is currently in an uptrend and has now reached a resistance zone.
At this level, we anticipate a correction, which could provide a buying opportunity.
We expect a correction from this resistance zone, offering a potential buying opportunity, followed by a continuation of the uptrend toward the specified target.
Will EURUSD use this correction as a launching point for further gains? Share your thoughts below!
Don’t forget to like and share your thoughts in the comments! ❤️
XAU/USD Breakout – Trend Continuation or Pullback?Gold (XAU/USD) has recently broken out of a symmetrical triangle pattern, signaling strong bullish momentum. This breakout was accompanied by a price surge of approximately 4.47%, pushing the price towards the $3,005 resistance level.
The question now is: Will gold continue its bullish trend, or will we see a pullback before the next move?
📊 Technical Analysis:
1️⃣ Symmetrical Triangle Breakout
The symmetrical triangle pattern formed over several weeks, with price consolidating within the narrowing structure.
A clear breakout above the triangle confirms the bullish momentum, suggesting further upside potential.
2️⃣ Measured Move Target
The breakout's measured move (equal to the height of the triangle) projects a potential target near $3,056.
This level aligns with a historical resistance zone, making it a key level to watch.
3️⃣ Key Support & Resistance Levels
✅ Resistance:
$3,005 – Recent high where price is currently facing resistance.
$3,056 – Next major upside target, based on the breakout projection.
✅ Support:
$2,931 – Previous breakout zone; a retest could confirm support before another rally.
Ascending Trendline – Acting as dynamic support for the ongoing uptrend.
📉 Potential Scenarios to Watch:
✅ Bullish Case: Trend Continuation
If the price consolidates above $2,984-$2,931, buyers may push gold towards $3,056 and beyond.
A strong breakout above $3,005 with volume confirmation will likely signal further bullish strength.
❌ Bearish Case: Pullback Before Rally
Gold may retrace towards $2,931 (previous resistance turned support) before resuming its uptrend.
A break below $2,931 could lead to deeper retracement, possibly testing the ascending trendline.
🔍 Trading Strategy & Considerations:
📌 Bullish Traders: Watch for support at $2,931 and a break above $3,005 for confirmation of the next bullish leg.
📌 Bearish Traders: Look for a failed breakout above $3,005 or a rejection at $3,056 for short-term pullback opportunities.
💡 Final Thoughts:
Gold remains in a strong uptrend, with bullish momentum intact. However, a pullback before the next leg up remains a possibility. Traders should monitor key levels and price action confirmations for the next move.
🚀 What’s your outlook on gold? Drop your thoughts in the comments!
EUR/USD Trade Ideas Short or Long??? News is going to be heavy!Looking for the right signals for a long, Everything is explained on the chart. If I do not get the confluences I want I will not take the trade. If price action takes out lows I'll look for liquidity, retrace, or reversal and reaccess my trade for shorts. Major news coming out for USD this week so stay frosty!
AUDUSD: 2 year Channel Down is making a rebound.AUDUSD is neutral on its 1D technical outlook (RSI = 53.859, MACD = 0.001, ADX = 20.007) as the price is consolidating on the 1D MA50. The first 3.5 months of 2025 have been a confirmed bottom for the 2 year Channel Down. All similar bullish waves on such bottoms reached at least the 0.618 Fibonacci retracement level. The trade is therefore long, TP = 0.66350.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
EURUSD MY VIEW DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
We do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
Usdjpy analysis This chart represents a technical analysis of USD/JPY on the 1-hour timeframe from TradingView, outlining potential price movements based on key support and resistance levels.
Support Level: Marked around 147.175, this level is expected to act as a strong demand zone where buyers might step in if the price retraces.
Current Price: USD/JPY is trading around 148.262, showing signs of bullish momentum.
Potential Price Movement: The chart suggests a possible pullback toward the support level before resuming an uptrend.
First Target: Positioned at approximately 149.678, this is the next key resistance level where price action might encounter selling pressure.
Second Target: Identified near 151.002, indicating further bullish continuation if the first target is broken.
Outlook:
The analysis suggests a bullish bias, but a retracement to support may occur before a potential breakout. Traders may look for confirmation signals before entering positions. The volume profile on the right shows strong activity around these levels, reinforcing the importance of these key zones.
Thu 13th Mar 2025 EUR/AUD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/AUD Sell. Enjoy the day all. Cheers. Jim
EURUSD: Overbought but 1H Channel Up is still intact.EURUSD is massively overbought on its 1D technical outlook (RSI = 73.384, MACD = 0.012, ADX = 38.553) but on the short term we have a Channel Up pattern that's good until broken. The 1H MA50-MA100 Zone is in firm support of this structure and every time a bearish wave like the current one bottoms inside this pattern, the price rallies by +1.15%. So as long as the 1H MA100 holds, buy (TP = 1.09800). If the 1H MA100 fails and breaks, sell and aim for the 1H MA200 (TP = 1.07500>
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold remains below the key resistance zone, experiencing choppy and range-bound movements since last week. As long as the price stays below this resistance level, we expect a potential decline towards the identified support levels.
A break below $2895 could increase selling pressure and open the door for lower targets.
What’s your outlook on gold? Do you think resistance will break?
Don’t forget to like and share your thoughts in the comments! ❤️
Tue 11th Mar 2025 GBP/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
Mon 10th Mar 2025 GBP/CHF Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CHF Sell. Enjoy the day all. Cheers. Jim