EURNZD Is Bearish! Sell!
Please, check our technical outlook for EURNZD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.819.
Considering the today's price action, probabilities will be high to see a movement to 1.806.
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.
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Signals
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
GOLD| Approaching Historic Highs Amid Geopolitical UncertaintyThe analysis of XAU/USD highlights a strong bullish trend, closing at approximately $2,939.41 on February 20, 2025, marking a 0.23% increase from the previous day. The recent high of $2,946.83 on February 19 indicates continued positive momentum, driven by geopolitical tensions, inflation concerns, and fears of potential trade wars, all of which have strengthened gold’s status as a safe-haven asset. The current momentum has pushed prices toward historic levels, with the potential to surpass $3,000, supported by a weaker U.S. dollar and declining U.S. yields. The chart shows a key resistance zone around $2,960, with a potential retracement towards the $2,880 area, identified as the first major support level. The current price action suggests a possible pullback before another breakout attempt. If the price consolidates above $2,900, it could accelerate towards new highs, while a break below $2,880 may drive the price toward the next support level around $2,840. The overall outlook remains bullish, with investor interest fueled by global uncertainties and the increasing demand for gold as a hedge against economic risks.
Gold (XAU/USD) Analysis – Bullish Momentum with Ascending TriangFollowing the news announcement, the XAUUSD market jumped and reached the resistance zone/equal highs level. Currently, the price is testing the previous week's high and may close higher. Historically, the market has frequently broken and closed above a crucial level on the third or fourth attempt. Given the present positive momentum, the price could rise to the 3000 mark this week. If the price pulls back, it may form an ascending triangle, which is a trend continuation pattern. Overall, I expect the market to continue its upward trend. My target is the resistance zone around 2975.
The market set a new all-time high by breaking and finishing above the previous week's high. The price has now reached the next resistance zone, 2950. As expected, the market broke through the resistance zone on the third attempt. However, we should proceed with caution at this point, as the market may fall below the previous week's high and enter a period of consolidation. This is especially important considering the forthcoming release of Unemployment Claims data, which may affect price movements. Despite this, I predict the price to rise, as the last daily candle formed a doji, signaling market momentum. My target is a resistance zone about 2974.
📊 Timeframe: 4H
💰 Current Price: $2,941
📈 Trend: Uptrend
Market Overview:
Gold has been consistently making higher highs (HH) and higher lows (HL), confirming a strong bullish trend. Price action is currently inside an ascending triangle pattern, signaling a potential breakout to the upside.
Key Levels to Watch:
✅ Resistance Zone: $2,975 – $3,000 (All-Time High)
✅ Support Levels: $2,914 - $2,920 (Current Support), $2,807 (Stronger Support)
✅ Uptrend Confirmation: Price holding above the blue upward trendline
Technical Pattern:
🔹 Ascending Triangle: Price action is forming a series of higher lows while resistance remains steady, indicating a buildup for a possible breakout.
🔹 Upward Channel: Gold remains within a broader bullish channel, further supporting the uptrend.
Trade Plan:
🔹 Bullish Scenario:
If price breaks above $2,975, expect a strong rally toward $3,000+
A successful retest of $2,914 could be an entry for another upward move
🔻 Bearish Scenario:
A breakdown below the trendline support ($2,914) may lead to a correction towards $2,807 - $2,721
Interesting mometn for PROMInteresting moment for PROMUSDT. We are close the good level. Every time after this level it make fast move to up. In the current moment we have good risk reward ration for try to take long from this point with good risk reward ration. It is a middle line of big flat channel and should to give impulse to make fast move up. Will see...
CHF-JPY Long From Support! Buy!
Hello,Traders!
CHF-JPY keeps falling down
But will soon hit a horizontal
Support level of 165.280
And as the pair is locally
Oversold we will be expecting
A local bullish rebound and
And a move up
Buy!
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CHF/JPY Analysis | Potential Reversal or Continuation ? CHF/JPY Technical Analysis & Forecast
📉 Market Overview: Swiss Franc / Japanese Yen (CHF/JPY) – 4H Chart : The pair is currently trading within a well-defined descending channel, signaling a sustained bearish trend. The price action has consistently followed a lower high and lower low structure, confirming the prevailing downtrend.
However, recent price movements suggest potential signs of reversal as the pair approaches a key support zone. Let’s dive into the details.
🔍 Key Technical Highlights:
✅ Descending Channel: The market has been respecting a downward sloping trendline, indicating ongoing bearish pressure.
✅ Major Support Zone: The pair has tested a crucial quarter fulfillment level, a historically strong support area.
✅ Double Bottom Formation: A potential reversal pattern is forming, hinting at a possible upward move.
✅ 50 EMA Acting as Dynamic Resistance: The price remains below the 50-period Exponential Moving Average, a key level to watch for bullish confirmation.
✅ Resistance Levels: The 169.000 (50% Fib) and 172.000 (75% Fib) levels are the next upside targets if buyers gain control.
📊 Prediction & Outlook:
🔹 Bullish Scenario: A successful break above dynamic support/resistance and the 50 EMA could trigger a bullish move toward 169.000 and potentially 172.000.
🔹 Bearish Scenario: Failure to hold the current support could see the pair continue its downward trajectory within the channel, with potential targets around 163.250.
🔹 Key Confirmation Point: A breakout above the support & resistance zone (~168.000) would strengthen bullish momentum, while a rejection could lead to further downside.
📢 Trader’s Takeaway:
🔹 Short-term traders should watch for confirmation of the double bottom breakout.
🔹 Swing traders may look for opportunities within the current channel structure, capitalizing on both reversals and trend continuations.
🔹 Risk management is crucial; a break below 166.000 may invalidate bullish setups.
Stay tuned for more updates and trade wisely!
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OANDA:CHFJPY FX:CHFJPY VANTAGE:CHFJPY
GBP_JPY SUPPORT AHEAD|LONG|
✅GBP_JPY is set to retest a
Strong support level below at 187.066
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 189.186
LONG🚀
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World gold prices increased in the context of the USD fallingFinancial markets became more concerned on Thursday due to concerns of new tariffs from the US and rising tensions between the US and Europe. In addition, the tense relationship between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy also makes the market uneasy, especially when there are signs that Donald Trump may be leaning towards Russian President Vladimir Putin in negotiations on the Russia-Ukraine war.
Gold prices delivered in April maintain a strong upward trend, with the main motivation coming from safe haven demand and speculative cash flow. Currently, the important resistance level is identified at 2,973.4 USD/ounce - the highest level just established, followed by 2,985 USD/ounce. If gold surpasses $3,000/ounce, the upward momentum could continue.
Resist : 2954 , 3000
Support : 2933 , 2900 , 2850
Targeting a new era peak, risks blanket the marketOANDA:XAUUSD hit another all-time high as U.S. President Donald Trump's threat of tariffs increased market fears of a global trade war, boosting safe-haven demand.
Trump's tariff policy and global market reaction
Trump said on Wednesday that he would announce new tariffs on lumber, autos, semiconductors and pharmaceuticals "next month or sooner."
Since taking office on January 20, Trump has imposed a 10% tariff on imports from China and a 25% tariff on steel and aluminum.
As trade risks increase, global central banks are likely to continue buying gold, which is one of the key supporting factors for gold prices.
Ukraine situation and the possibility of gold correction in the short term
Trump also criticized Ukrainian President Volodymyr Zelenskiy as a "dictator" on Wednesday and warned that Ukraine must quickly reach a peace deal with Russia or lose the country.
If a peace agreement between Russia and Ukraine is reached, geopolitical tensions could temporarily ease in the short term, which could put pressure on gold prices. However, gold still has enough fundamental support and the long-term uptrend could continue.
Fed policy and Swiss gold exports soar
Minutes of the Federal Reserve's latest monetary policy meeting released Wednesday showed that Trump's early economic policies have raised concerns about rising inflation. This reinforces the Fed's stance on maintaining the current interest rate policy.
According to foreign media, Swiss customs data showed that Swiss gold exports increased significantly year-on-year in January, with gold exports to the United States reaching their highest level in at least 13 years.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, after gold reached the target level of 2,946 USD, readers noted in the previous issue that the price point of the Fibonacci extension was 0.382%, it broke this level to renew its all-time high.
With the current position, if gold takes price action above the 0.382% Fibonacci extension level once again, it will have conditions to continue to increase with a target then around 2,971 USD in the short term, more than 2,996 – 3,000 USD.
The relative strength index also does not indicate any possibility of a downward correction in terms of momentum.
During the day, the short-term uptrend of gold prices will be noticed by trend, and as long as gold remains in the price channel, it still has a main bullish outlook, declines should only be considered as short-term corrections or a buying opportunity.
Notable locations will also be noticed again as follows.
Support: 2,922 – 2,915USD
Resistance: 2,954 – 2,971 – 2,996USD
SELL XAUUSD PRICE 2971 - 2969⚡️
↠↠ Stoploss 2975
→Take Profit 1 2963
↨
→Take Profit 2 2957
BUY XAUUSD PRICE 2909 - 2911⚡️
↠↠ Stoploss 2905
→Take Profit 1 2917
↨
→Take Profit 2 2923
Gold prices are also maintaining at historic peak levelsAccording to analysis, the domestic and foreign gold markets are being strongly influenced by the forums of the US Federal Reserve (FED) and the main US trade lists.
Recently, President Donald Trump continued to announce that he could impose a 25% tax on imported cars, semiconductors and pharmaceuticals...
Investors continue to look to gold as a safe foreign channel, amid worries about international trade tensions and negotiations to end the conflict in Ukraine that have not yet had positive results as expected.
The USD index remained at its lowest level in about 2 months, around 106.9 points, also supporting the rise of gold prices.
AUDCAD at Key Resistance – Will Sellers Step In?OANDA:AUDCAD has reached a significant resistance zone, highlighted by previous price rejections and strong selling pressure. This area has historically acted as a supply zone, increasing the likelihood of a pullback if sellers step in.
The current market structure suggests that if the price confirms a rejection from this resistance, we could see a move lower toward the 0.90200 level, a logical target based on past price behavior and current market structure.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
MXNJPY at Key Support Level - Potential Buy SetupEIGHTCAP:MXNJPY has reached a significant support zone, which has historically acted as a strong demand area. Previous price action suggests buyers may step in here, increasing the potential for a bullish reversal.
If the price holds above this level and confirms support, we could see a move higher toward the 7.50700 level, which represents a logical target based on past price behavior and current market structure.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
CADJPY at Key Support - Potential Buy SetupOANDA:CADJPY has reached a significant demand zone, an area that has previously served as strong support, leading to notable bullish reversals. The current market structure suggests a potential bullish bounce from this zone.
If buyers confirm support at this level, the price could move upward toward the 107.300 level, which serves as a logical target for this setup. Conversely, a failure to hold this demand zone could indicate further downside potential toward lower support levels.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, long lower wicks rejecting the demand zone, or increased buying volume, before considering long positions. Let me know your thoughts or if you have any additional insights!"
NZDUSD Break & Retest – Bullish Continuation in Play?OANDA:NZDUSD has broken above a key resistance zone near 0.57000 and has now pulled back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation.
If buyers confirm support at this level, the price is likely to move upward toward the 0.57860 level, which serves as a logical target for this setup. Conversely, a failure to hold support could signal a potential bearish shift.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you might have!