Why GBPJPY is bullish ?? Detailed Technical and FundamentalsGBPJPY is currently trading around 193.000, with technical analysis indicating a potential bullish breakout that could yield gains exceeding 300 pips, targeting the 198.000 level. This anticipated movement is supported by the pair’s recent behavior, where it edged higher to 194.89 before a slight retreat, suggesting consolidation ahead of a possible upward surge. A strong breakout from the current resistance zone could trigger an aggressive bullish wave.
Fundamentally, the British pound has shown resilience, bolstered by stable economic indicators and a proactive monetary policy stance from the Bank of England. Meanwhile, the Japanese yen has experienced depreciation, influenced by the Bank of Japan’s commitment to maintaining ultra-loose monetary policies. The widening interest rate differential between the UK and Japan favors a stronger GBP, adding bullish momentum to the pair.
Technical indicators further reinforce the bullish outlook for GBP/JPY. The pair has been trading within a consolidation range, and a breakout above the current resistance level could signal the continuation of the prevailing uptrend. Moving averages and oscillators are aligning to support this bullish scenario, with the potential to reach the 198.000 target. Volume analysis also suggests growing buying pressure, which could accelerate the upward move once resistance is breached.
Traders should monitor key resistance levels closely, as a confirmed breakout could present a lucrative opportunity to capitalize on the anticipated 300-pip movement. Implementing robust risk management strategies, such as setting appropriate stop-loss orders, is essential to mitigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in navigating this trading opportunity effectively.
Signals
Gold prices remain on the riseLast week, the world gold price surpassed the historical peak of over 3,057 USD/ounce but quickly decreased due to profit-taking pressure from investors. However, the price remained above the psychological support level of 3,000 USD/ounce - a level that many experts predicted would be an important support in the coming time.
The general sentiment in the market is still leaning towards optimism. Many central banks continue to increase their gold reserves as a way to diversify away from the USD. Meanwhile, individual investors and ETFs have also begun to return to the gold market.
Data from the SPDR Gold Shares fund shows that the amount of gold held has increased by more than 37 tons this year, to 910 tons. Although this figure is still lower than in 2020, the upward momentum is returning due to concerns about inflation and escalating trade tensions.
NZD_JPY WILL GO UP|LONG|
✅NZD_JPY has retested a key support level of 85.200
And as the pair is already making a bullish rebound
A move up to retest the supply level above at 86.400 is likely
LONG🚀
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NZD_CHF RISKY LONG|
✅NZD_CHF is going down to retest a horizontal support of 0.5050
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 0.5073
LONG🚀
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USD_CHF SHORT FROM RESISTANCE|
✅USD_CHF is going up now
But a strong resistance level is ahead at 0.8866
Thus I am expecting a pullback
And a move down towards the target of 0.8810
SHORT🔥
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WHY EURNZD IS BULLISH AGAING ?? DETAILED ANALYSISEUR/NZD is currently trading at approximately 1.886, having completed a retesting phase following a bullish breakout. This technical development suggests the potential for a renewed upward movement toward the target price of 1.9300. With strong bullish momentum building, traders are closely watching for confirmation signals to enter long positions.
Fundamentally, the Reserve Bank of New Zealand (RBNZ) recently implemented a 50 basis point rate cut, reducing the benchmark rate to 3.75%, with indications of further easing to stimulate the economy. This dovish monetary policy stance tends to exert downward pressure on the New Zealand dollar, thereby supporting the EUR/NZD pair. Meanwhile, the Eurozone has maintained a more stable monetary policy, contributing to euro strength relative to the New Zealand dollar. This divergence in central bank policies enhances the bullish outlook for EUR/NZD.
Technical indicators further reinforce this perspective. The pair has been in a downward channel since mid-February; however, recent bullish candles indicate a potential short-term reversal or correction. The price has swiftly moved from the lower Bollinger Band to the upper band, breaking through the middle band in a strong bullish move. Additionally, EUR/NZD is currently testing the 50% Fibonacci retracement level, a key decision point for traders.
Considering these technical and fundamental factors, the EUR/NZD pair appears poised for a bullish wave toward the 1.9300 target. Traders should monitor key resistance levels and employ appropriate risk management strategies to capitalize on this potential upward movement. If momentum continues, this setup could present a profitable long trade opportunity in the coming sessions.
WHY AUDUSD IS BEARISH ?? DETAILED ANALYSIS AUD/USD is currently trading at approximately 0.6290 and is forming a bearish flag pattern—a technical indicator suggesting potential continuation of the prevailing downtrend. This pattern typically emerges after a sharp decline, followed by a brief consolidation phase resembling an upward-sloping channel or flag. A decisive break below the flag's support often signals the resumption of bearish momentum, potentially leading to a significant price drop.
Fundamental factors are reinforcing this bearish outlook. Australia's employment data for February 2025 revealed an unexpected decline of 53,000 jobs, contrary to forecasts predicting an increase of 30,000 positions. Despite this, the unemployment rate remained steady at 4.1%. This unexpected contraction in employment could prompt the Reserve Bank of Australia (RBA) to consider interest rate cuts in upcoming meetings to stimulate economic activity.
Additionally, escalating global trade tensions, particularly due to increased U.S. tariffs under the new administration, are contributing to economic uncertainty. These developments have led to downgraded growth forecasts by organizations like the OECD and Fitch Ratings, further weighing on the Australian dollar.
Given these technical and fundamental factors, the AUD/USD pair appears poised for a bearish breakout from the flag pattern. Traders should monitor key support levels, such as the March low of 0.6186 and the 2025 trough at 0.6087. A sustained break below these levels could pave the way toward the psychologically significant 0.6000 mark, aligning with the anticipated 200-pip decline.
In this context, adopting a short position on AUD/USD may be advantageous. However, it's crucial to implement robust risk management strategies, including setting appropriate stop-loss orders, to mitigate potential market volatility.
EURUSD Will Move Lower! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.081.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.068 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.
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EURJPY Is Bearish! Short!
Here is our detailed technical review for EURJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 161.513.
The above observations make me that the market will inevitably achieve 160.742 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.
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USD-JPY Move Down Ahead! Sell!
Hello,Traders!
USD-JPY is trading in a
Downtrend below the falling
Resistance line and the pair
Will soon hit the resistance
From where we will be
Expecting a further move down
Sell!
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AUD_CAD SHORT SIGNAL|
✅AUD_CAD is going down
And the pair made a bearish
Breakout of the key horizontal
Level of 0.9007 which is now
A resistance so we are bearish
Biased and we will be able
To enter a short trade on Monday
With the TP of 0.8970 and
The SL of 0.9030
SHORT🔥
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Reminder - Bitcoin back below these trendlinesI encourage you guys to draw these trendlines on your chart and experiment by doing some exercises.
1. Draw the main two trendlines.
2. Spend time on each by duplicating it, keeping the angle the same, and moving it to different spots on the chart. Notice how Bitcoin works on this ascending diagonal support resistance structure. You’ll find that the correct trendline can be duplicated infinitely and the price respects it at any point you place it.
3. Notice that price consolidates on these ascending lines. We see breaks above or below depending on the stop losses from futures positions and liquidity that’s collected. In other words, a break above doesn’t invalidate it.
4. Notice that Bitcoin moves above and below these trendlines.
5. It’s in my opinion that THIS is the structure that explains why Bitcoin isn’t moving higher, telling me the market wants to keep price below these trendlines and take back the liquidity in these zones (look at my previous posts for liquidity maps)
Personally this is still my trade.
God bless and may you live to trade another day!
AUD-USD Free Signal! Buy!
Hello,Traders!
AUD-USD is falling down
And is locally oversold so
After the pair retests the
Horizontal support level
Of 0.6260 from where we
Can enter a long trade
With the Take Profit of 0.6292
And the Stop Loss of 0.6249
Buy!
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DAX WILL GO UP|LONG|
✅DAX is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the index is about to retest the rising support
Thus, a rebound and a move up is expected
With the target of retesting the level above at 23,200
LONG🚀
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Lingrid | HBARUSDT consolidation Before the ExtensionBINANCE:HBARUSDT price is currently consolidating below the psychological level at 0.2000. On the daily timeframe, it's evident that the price continues to test the support zone around 0.1700, indicating a potential breakdown of that zone and further downward movement. Additionally, the formation of an ABC corrective move suggests that the C wave may complete around the 0.1000 support level. As a result, I anticipate the market will break below this support and continue moving lower. My goal is support zone around 0.1600
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EUR_CAD SHORT SIGNAL|
✅EUR_CAD is going down
Now and the pair made a
Bearish breakout of the local
Key level of 1.5580 which is now
A resistance so we are locally
Bearish biased and we will be
Expecting a further move down
So a short trade can be entered
With the TP of 1.5480 and
The SL of 1.5600
SHORT🔥
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EUR-CHF First Down, Then UP! Buy!
Hello,Traders!
EUR-CHF keeps falling down
After making it through the
Local structure of 0.9580
So we think that the pair will
First fall further down to
Retest the horizontal support
Of 0.9507 and after that
We will see a rebound and
A new wave of growth
Buy!
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GOLD → Consolidation (correction) before growth toward $3100OANDA:XAUUSD enters a consolidation phase after strong growth, supported by the dollar's correction. The metal may test deeper support levels before attempting new highs.
Gold is currently undergoing a correction but remains in an overall uptrend. The recent decline in prices may be seen as a buying opportunity, given economic uncertainty stemming from Trump's tariffs and expectations of a Fed rate cut.
The Fed has reiterated its forecast for two rate cuts in 2025, despite Powell’s cautious comments. Additionally, gold remains supported by rising inflation risks and ongoing geopolitical tensions in the Middle East.
Resistance levels: 3045, 3057
Support levels: 3024 (trendline), 3004
The response to support is weakening, even within the broader uptrend. Gold may continue consolidating until mid-next week or attempt to break out, potentially testing deeper support zones such as the uptrend line or the 3004 imbalance area—both of which could serve as a foundation for further growth.
BITCOIN Is Very Bullish! Long!
Take a look at our analysis for BITCOIN.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 84,125.
Taking into consideration the structure & trend analysis, I believe that the market will reach 90,061 level soon.
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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GBPCHF Is Going Up! Buy!
Please, check our technical outlook for GBPCHF.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.140.
Considering the today's price action, probabilities will be high to see a movement to 1.151.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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