Market next move 🔍 Disruption/Critique of the Current Target Analysis:
1. Lack of Technical Justification:
The chart marks a “Target” level without referencing a clear technical basis (e.g., resistance, Fibonacci level, or moving average).
Without a corresponding pattern or indicator signal (e.g., breakout, double bottom, divergence), the target seems arbitrary.
2. Volume Spike Misinterpretation:
While there’s a volume spike in the last candle, it's accompanied by a bearish candle, suggesting potential selling pressure, not buying strength.
A bullish continuation would ideally require a green candle with increasing volume, which is absent here.
3. Market Context Ignored:
No consideration of broader market context such as macroeconomic news, DXY strength, or interest rate expectations which heavily impact GBP/USD.
The U.S. flag icon indicates upcoming news – trading before such events can be risky and invalidate the technical target.
4. Resistance Zone Overlooked:
The “Target” lies near the 1.3500 psychological level, which often acts as resistance. This isn’t discussed or marked.
Recent price action near that level shows rejection, making it a questionable target without strong buying confirmation
Forextrading
USDCAD: Bearish After the News 🇺🇸🇨🇦
USDCAD looks bearish after a release of today's fundamental news.
A bearish breakout of a rising channel on a 4h time frame
and a strong selling reaction after its retest provide
a reliable bearish continuation.
I think that the price may drop to 1.3743 support.
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Gold Trade Setup – Tactical Short CallGold’s recent rebound appears corrective within a broader short-term bearish structure. Price action has stalled below the 200-period 4H SMA and key Fib resistance, signaling potential exhaustion.
🔎 Technical Confluence:
Rejection from descending trendline resistance
61.8% retracement of the latest drop capped upside near $3,315
Bearish RSI divergence on 1H and 4H
Weak momentum on MACD + low ADX signals lack of trend strength
📊 Macro Overlay:
Market remains cautious ahead of today’s Core PCE data (expected to cool slightly YoY).
Rising real yields and firm USD limit upside in gold, especially as risk-on tone returns temporarily.
Positioning data shows speculative longs remain elevated—raising vulnerability to profit-taking.
⚠️ Execution Note:
Patience is key—wait for confirmation via bearish engulfing or failure swing near $3,315 before engaging. Lower timeframes show consolidation; a breakdown below $3,290 will likely accelerate toward the $3,274 target.
EURNZDHello Traders! 👋
What are your thoughts on EURNZD?
The EURNZD pair is currently trading below a key resistance zone, showing signs of hesitation near this level.
We expect the price to consolidate briefly within this area, and then decline toward the specified support level if the resistance holds.
As long as the pair remains below resistance, the bearish bias remains intact, and a move lower is likely.
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Gold price analysis on May 29Not beyond the previous analysis of the D candle confirming the decrease and maintaining the trend of the candle on May 27
After touching the breakout zone of 3257, Gold is reacting to increase again and there is a high possibility that there will be buying force in the market today
3275 is the reaction zone that Gold is facing in front of this increasing force when breaking 3275 will head to 3285 and this is an important breakout zone with a large number of sellers accumulating in this zone. Breaking 3285 is considered a temporary break of the downtrend and waiting for the next reaction zones for SELL strategies around 3302 and 3314
The support zones with a tendency to react to prices and are also targets for SELL signals are noted in the resistance zone of this morning's Asian session around 3256. Two notable support zones today for bottom-probing signals are noted around 3238 and 3220.
Market next move ⚠️ 1. Weak Bullish Continuation Signal
The current price action shows a rejection wick on a red candle, signaling selling pressure near the recent highs.
Despite the upward move earlier, this could be a short-term exhaustion rather than strength for further upside.
---
📉 2. No Follow-Through After Bullish Spike
There was a strong bullish candle earlier, but:
No significant follow-up to break past that level convincingly.
Price appears to have stalled or even reversed after that spike — possibly forming a bull trap.
---
🔄 3. Overhead Resistance at Target Area
The "TARGET" label sits near recent highs, which have already been rejected once.
Without clear breakout volume, this zone might act as resistance, not a logical next stop.
Market next target ⚠️ 1. Bearish Momentum Remains Intact
The last few candles are strongly bearish, with steep declines and high red candle volume.
Attempting to project an upside target amid this current bearish drive lacks alignment with actual market sentiment.
---
📉 2. Lack of Reversal Candlestick Patterns
There is no clear bullish reversal pattern visible at the point of target placement:
No hammer, bullish engulfing, or morning star pattern.
The price may just be pausing before continuing its downward trend.
---
🔊 3. Volume Discrepancy
The rising volume on red candles vs. low volume on recent green candles shows selling pressure outweighs buying interest.
A reliable bullish setup would typically come with higher buying volume after a selloff, which is not yet seen.
---
🧭 4. Misleading “Target” Location
The marked target is at a higher high, near 33.75–34.00 area, which:
Is not supported by immediate technical breakout
Seems to ignore the last failed attempt to break above that level
Appears overly optimistic given the current trend direction
Market next move
🔍 1. Weak Confirmation for Target Level
The marked "TARGET" area lacks strong technical confirmation such as:
Resistance zone retest.
Fibonacci level confluence.
Moving average alignment.
Without solid technical backing, this target may appear speculative.
---
📉 2. Bearish Momentum is Strong
The last few candles show strong red (bearish) momentum.
The price has broken short-term support levels (e.g., local lows from the 29th).
Volume is increasing on bearish candles, signaling strong selling pressure.
Setting a bullish target while in a bearish momentum phase might be premature.
---
🕒 3. Timeframe Limitations
This is a 1-hour chart, which is more prone to noise and false signals.
Higher timeframes (like 4H or Daily) should be checked to validate this upward target.
BEST GOLD M30 BUY SETUP FOR TODAY📉 Gold is currently showing signs of a potential pullback towards the key demand zone around 3,290–3,285 marked in purple. This area has previously acted as a strong support and could trigger a bullish reversal if price reacts positively here. 🟪 Once the price enters this zone and forms a bullish confirmation (like a rejection wick or bullish engulfing candle), we could see a strong upward move targeting 3,320+ 📈. Traders should stay alert for buying opportunities from this zone and avoid chasing the price before a clear confirmation! 🎯⚡
EURUSD: Bullish Megaphone unfolds its new bullish wave.EURUSD just turned bullish on its 1D technical outlook (RSI = 56.015, MACD = 0.004, ADX = 31.789) as it maintains a sustainable short term uptrend through a Bullish Megaphone pattern. The 1D MA50 has assumed the role of the medium term Support and the 3rd bullish wave is already under way. We expect it to repeat at least the previous +2.59% wave, having a TP = 1.14950.
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Market next move 🔻 Potential Disruptions to the Bullish Scenario:
1. False Breakout Risk at the Resistance Zone
The price is hovering near a horizontal resistance zone (red box).
Repeated wicks at this level suggest selling pressure.
If price breaks above slightly and then pulls back inside the range, it could be a bull trap, triggering a sharp drop (red arrow).
2. Weak Follow-Through on Volume
Recent bullish candles show no increase in volume.
This hints at lack of conviction among buyers, increasing the chance of a reversal rather than continuation.
3. Bearish Divergence Possibility
If we applied RSI or MACD here, there’s a high chance of bearish divergence forming (price making higher highs, while indicators show lower highs), signaling potential reversal pressure.
4. Upcoming U.S. News Events
U.S. economic announcements (indicated by icons) could strengthen the USD, causing GBP/USD to drop suddenly despite the bullish technical structure.
5. Bearish Candlestick Pattern Forming
If the current or next candle closes as a shooting star, evening star, or bearish engulfing, it would be a classic reversal pattern from resistance.
6. Liquidity Grab Above Highs
Market makers may push the price above resistance to trigger stop-losses and induce longs, then reverse—classic liquidity hunt scenario.
Market next move 🔻 Disruption Scenarios:
1. Resistance Zone at Target Level
The marked "Target" could coincide with a strong resistance level from a previous high.
Price may reject this level again, forming a double top or bearish reversal candlestick pattern (e.g., shooting star or bearish engulfing).
2. Volume Divergence
The recent uptrend shows a slight drop in buying volume.
If price increases while volume decreases, it signals a potential exhaustion of bullish momentum.
3. Upcoming News Events (Fundamentals)
The chart shows several upcoming economic events (news icons).
Any negative surprise from U.S. data or positive Eurozone data could reverse the trend sharply.
For example, better-than-expected U.S. employment data could strengthen the USD, pushing EUR/USD down.
4. Overbought Condition
If we add an RSI (Relative Strength Index) or Stochastic oscillator, the price might already be in the overbought zone, suggesting a correction is due.
5. Fake Breakout Trap
If the price hits the “Target” but then fails to close above it, it could be a bull trap, triggering short positions and leading to a sharp sell-off.
US Federal Court Rules Trump Tariffs UnconstitutionalUS Federal Court Rules Trump Tariffs Unconstitutional
According to media reports, the US Court of International Trade has:
- declared the tariffs imposed by President Donald Trump illegal;
- ruled that the President exceeded his authority;
- blocked the tariffs, emphasising that under the US Constitution, only Congress has the power to impose tariffs.
The decision was made unanimously by a panel of three judges. Financial markets reacted with:
- a rise in US stock indices;
- strengthening of the US dollar — most notably seen today on the USD/CHF chart, as demand for so-called safe-haven assets declined in light of the tariff reversal.
Technical Analysis of the USD/CHF Chart
The bullish momentum has broken upward through:
- a local downward trendline (shown in red);
- resistance at the 0.8300 level, near the May 22 high.
Additionally:
- the RSI indicator on the 4-hour chart has moved upwards to the overbought territory;
- the area highlighted with a purple rectangle resembles a bullish Fair Value Gap.
Could this upward momentum lead to a sustained uptrend? There is reason for doubt.
Consider the steep decline in USD/CHF in early April (driven mainly by the introduction of Trump's tariffs) and the relatively small size of today's bullish candle compared to that prior drop.
Price action seems to suggest that market participants are skeptical about any lasting change in the situation. The Trump administration has already filed an appeal, and it’s possible the White House could succeed in defending its position.
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.
GBPAUD: Short From Resistance 🇬🇧🇦🇺
GBPAUD may retrace from a key daily horizontal resistance.
As a confirmation, I see a double top pattern formation
on that on a 4H time frame and a breakout of its neckline.
I expect a bearish move to 1.0858
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GBPUSDHello Traders! 👋
What are your thoughts on GBPUSD?
GBP/USD has reached a key resistance zone and is currently trading below it. A bearish divergence has also formed, signaling potential weakness in bullish momentum.
Given the confluence of resistance and negative divergence, we expect the price to struggle breaking above this level and likely decline toward the specified support zones.
Unless price breaks above the resistance decisively, the bias remains bearish in the short term.
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Market next move 🔺 Disruption to Bearish Thesis
1. Strong Bullish Momentum Recently
Recent candles show a series of green bullish candles with increasing size.
Indicates strong buying interest—not a sign of exhaustion, which would support further downside.
2. Volume Spike on Green Candles
Volume surged during the recent bullish candles.
This typically signals accumulation, not distribution — contradicting the bearish outlook.
3. Failure to Break Key Support
Price previously bounced sharply from below 33.0000, showing buyers defended that zone.
This bounce suggests the support is strong, weakening the argument for a move toward the lower target.
4. Reversal Pattern Possible (Double Bottom)
The chart may show early signs of a double bottom or higher low, both bullish reversal signals.
These patterns would negate the bearish projection if confirmed with a higher high.
5. Divergence from US Dollar Weakness
If the US Dollar shows weakness, silver could rally due to its inverse correlation.
The marked target may not be achieved if macro forces support precious metals.
Market next move 🔻 Disruption to Bullish Thesis
1. Resistance Zone Near Target
The "Target" area might align with a previous resistance level (historically where price has reversed or consolidated).
If price hits that zone, it could stall or reject, rather than break through.
2. Bearish Volume Divergence
While the candles are green and pushing upward, volume is not increasing significantly.
Lack of strong buying volume can suggest a weak rally — potentially a bull trap.
3. Trend Context: Larger Downtrend
The chart shows a strong prior downtrend before the recent small upward push.
This move could be a dead-cat bounce or retracement within a broader bearish move.
4. Fundamental Risk: USD Strength
If the US Dollar Index (DXY) strengthens due to macroeconomic data or Fed commentary, gold (USD-denominated) typically drops.
The calendar icons suggest upcoming US economic data, which could disrupt gold’s movement.
5. Candle Structure Shows Exhaustion
The current bullish candles are smaller compared to previous strong red ones.
This may imply momentum exhaustion before reaching the target.
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
EURUSD has pulled back to the broken trendline and is now trading below a key resistance zone.
As long as the price remains below this resistance, we expect a short-term decline toward the specified support level.
The rejection from this zone suggests a possible continuation of the down move.
However, if price breaks and holds above the resistance zone, the bearish outlook will be invalidated.
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XAUUSD | Institutional Sell Setup – OB + 79% Fib Confluence🪙 XAUUSD | Gold Sell Setup Based on Smart Money Concepts
This is a classic example of how institutions lure in retail traders — tap the golden zone, reject hard, and leave a trail of liquidated longs.
🔍 1. Technical Breakdown
Price aggressively climbed into a strong Order Block zone
Rejection from the 70.5%–79% Fibonacci retracement area
Broken ascending channel confirms shift in momentum
Bearish BOS already occurred = Smart Money in control
This zone (3332–3357) is a magnet for institutional sells.
🧱 2. Bearish Confluences
💀 OB Rejection: Previous up candle before the sharp drop
📐 Fib Overlap: 70.5–79% = premium zone for shorts
📉 Structure Shift: Channel break + bearish order flow
⚠️ No Candle Close Above OB: = market respecting supply
🎯 3. Trade Plan
Entry: 3332–3357 (executed)
Stop Loss: 3360 (above OB)
Take Profit: 3120 zone
This is a deep sell-side liquidity hunt.
⚖️ 4. RRR (Risk-Reward Ratio)
📥 Entry: ~3345
🔒 SL: 3360
💰 TP: 3120
✅ RRR ≈ 1:15
This is a "swing short with conviction" kind of setup, where patience = profit.
🔁 5. Key Confirmation Points
Watch for lower lows and lower highs to continue
Price closing below 3290 = full confirmation
If Gold reclaims 3360 = setup invalidated
💬 Comment “Sniped Gold 🥷💰” if you took this short!
📌 Save this chart for OB + Fib zone study
🎯 Post your entry/exit levels — let’s compare setups
Market next move
🚨 Disruption: Bearish Outlook
🔻 1. Lower High Pattern Forming
Price peaked earlier and has not made a new high. Instead, we’re seeing a flattening top. This could indicate distribution rather than continuation. A failure to break above ~$2,675 confirms a lower high.
🔻 2. Diverging Momentum
The price has moved sideways with decreasing volume, suggesting momentum is fading. Buyers may be losing interest, setting up for a reversal or sharp dip.
🔻 3. Bearish Candlestick Rejection
Recent candles show upper wicks, signaling selling pressure at highs. If this continues, the price may be forming a rounded top, not prepping for a breakout.
🔻 4. Potential Breakdown Zone
If ETH falls below the ~$2,620 support region, it opens the door to $2,580 or even $2,540, especially ahead of upcoming economic events (marked on the chart) which may spook risk markets.
🔻 5. Liquidity Trap Risk
This small bounce could be a liquidity trap—pulling in long traders before reversing sharply. This tactic often happens ahead of volatility spikes
Market next target
📊 Original Analysis Summary:
Bias: Bullish reversal expected from the support box.
Path: Minor pullback followed by a breakout toward a higher target.
Indicators: Green arrow bounce, blue and yellow upward paths projecting continuation.
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🚨 Disruption & Bearish Risks:
🔴 1. Support Zone is Weak
The price dipped into the red support box and bounced, but barely made a strong recovery. A weak reaction from this zone could signal buyers are hesitant or exhausted.
🔴 2. Bear Flag Formation
The current price action could be forming a bear flag pattern: a brief upward consolidation following a sharp drop. If confirmed, this would likely lead to another leg down, not up.
🔴 3. Volume Discrepancy
The bounce lacks volume confirmation—note the relatively low buying bars after the large red selling volume spike. This suggests weak bullish conviction and potential for another sell-off.
Market next move
📊 Current Analysis Summary:
Pair: USD/JPY on the 1-hour timeframe.
Bias: Bullish breakout above a minor consolidation (highlighted box).
Target: Set higher, implying continuation of upward momentum.
Arrows: Show bullish path with a minor pullback, then a breakout continuation.
---
❌ Disruptive Breakdown:
🔴 1. Fake Breakout Risk
Price is testing the upper bound of the consolidation box. If this breakout fails to hold, it could trap late buyers. A rejection back inside the box might trigger a bearish reversal—a textbook bull trap scenario.
🔴 2. Volume Divergence
Despite the green breakout candle, the volume spike is not aggressive enough. If volume fails to increase further, it may suggest exhaustion, not momentum. This divergence undermines the breakout’s credibility.
🔴 3. Fundamental Uncertainty
Several U.S.-related economic icons (e.g., high-impact news) are visible. A hawkish BoJ or weaker-than-expected U.S. data could sharply reverse USD strength, causing a retracement or dump back below 145.000.
🔴 4. Overextended Short-Term Move
The steep rise could signal near-term exhaustion. RSI or other momentum indicators (not shown here) likely suggest overbought conditions, increasing the probability of a cool-off retracement.
🔴 5. Liquidity Grab & Drop Setup
Price might poke just above the box (to trigger stop losses and attract breakout traders), then reverse aggressively downward—a liquidity sweep or stop-hunt move before the real direction emerges.
Market next move 🧠 Disruptive Analysis:
🔴 1. False Breakout Potential
The marked box shows a consolidation zone. While the green candle breaks slightly above it, this might be a trap (false breakout). If there's no strong follow-through, price may sharply retest or drop back inside the box—a classic bull trap.
🔴 2. Bearish Volume Profile
Volume spiked on the initial drop, and even though there's some green candle volume, it’s not convincingly higher than previous bars. This could imply weak buyer commitment at this level, suggesting a potential reversal downward.
🔴 3. Overhead Resistance
Even if price breaks out, it faces immediate resistance around 1.3485–1.3500, where multiple wicks formed earlier. This could stall or reject the move, invalidating the bullish "Target."
🔴 4. Economic Risk
The U.S. economic event icons below suggest incoming USD-related news. If the data is USD-positive (e.g., strong employment or inflation), it could strengthen the dollar and push GBP/USD lower, negating the bullish move entirely.