Trading-forex
CHF/HUF LONG: Technical Analysis
The technical analysis of the CHFHUF (Swiss Franc/Hungarian Forint) chart highlights an interesting setup that justifies the LONG trade. Let’s look at the key factors that support this decision.
1. Long-term trend and technical support
On the 4-hour chart, we see a pattern that is stabilizing above an important support level, represented by the 200-period moving average (green line). The price action is above the long-term moving average, which suggests an uptrend. Furthermore, the presence of the 50-period moving average (blue line) and the 20-period moving average (red line) indicated on the upper part of the chart confirm that the overall trend is favorable to the LONG, especially considering that the moving averages are aligning in support of the bullish movement.
2. Stochastic Indices and Overbought/Oversold Levels
Another important point concerns the stochastic indicator, which gives us an accurate view of overbought or oversold conditions. Currently, on the 1-hour chart (indicating overbought), we are close to extreme levels, while the 4-hour and daily charts are in oversold conditions. This suggests that, although there is bearish pressure in the immediate future (1-hour chart), the bearish push could run out soon, favoring a resumption of the bullish movement on the higher timeframes.
3. Target and risk/reward ratio
In terms of target, the target identified in this trade is at 445,500, with a relatively low risk compared to the potential gain. The trade has a risk/reward ratio of 1/3, which means that the potential gain exceeds the risk taken by a large margin. This justifies the LONG entry, with a low risk and a favorable profit projection.
4. Combination of indicators
In addition to the combination of moving averages, the WaveTrend SwipeUP indicator suggests that the market momentum is changing towards a possible buy. Even if we are in an overbought phase in the short-term horizon, the accumulation on the higher timeframes is favoring the possibility of a bullish recovery.
Conclusion
In summary, I decided to enter LONG on CHFHUF as the technical setup suggests that despite a short period of overbought on hourly timeframes, the long-term signals on the 4-hour and daily charts are favorable. The trade has a good risk/reward ratio, strong technical support and the WaveTrend indicator supports a bullish movement.
GBP/NOK LONG: My Technical AnalysisDear Readers, Today I want to show you my long investment on GBP/NOK.
As a passionate analyst of the Forex market, today I want to share with you a strategy that I am following on the British Pound/Norwegian Krone (GBP/NOK).
The current setup is particularly interesting, as it presents consistent bullish signals on multiple timeframes, supported by technical indicators that I have developed and customized for in-depth analysis.
My Technical Analysis
To build this long strategy, I used the custom Wave Trend (developed by me) and the Alligator indicator. Both tools gave me clear signals of a bullish reversal.
Here is a summary of the signals identified:
1-Hour Chart (1H): On the hourly timeframe, we have just seen a break of the previous resistance, a strong signal that indicates a possible continuation to the upside.
4-Hour Chart (4H): On the 4-hour timeframe, the price is in an oversold condition and is bouncing off the long-term average of the Alligator. This suggests a recovery from a phase of excessive market weakness.
Daily Chart (1D): The long-term context remains bullish. This prolonged phase of positive trend offers additional safety for a long position.
Key Levels of the Strategy
To make this trade safe and effective, I have set key stop loss and take profit values, as shown in the chart.
Stop Loss: Placed at 13.85689, below the recent lows. This level provides protection in the event of a sharp reversal.
Take Profit: Set at 14.47413, an ambitious but realistic target, which aims to capitalize on the bullish trend.
Indicators Confirmation
The Wave Trend, positioned at the bottom of the chart, has signaled a bullish divergence and the passage from the oversold zone. The Alligator, on the other hand, shows a possible opening of the moving averages (indicative of a nascent trend), with the price that has detached from the long-term average, suggesting a potential bounce upwards.
Conclusions
This setup is a great example of how to combine technical signals and market context to build a winning trading strategy. The consistency between the signals on the 1H, 4H and 1D timeframes gives me further confidence in my long investment on GBP/NOK.
I will keep you updated on the progress of this operation and on the next trading opportunities. As always, remember that good risk management is essential to achieve success in the financial markets.
See you soon,
Andrea Russo.
NZDJPY Is Very Bearish! Sell!
Please, check our technical outlook for NZDJPY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 86.948.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 86.145 level.
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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AUDCAD Will Go Up! Long!
Take a look at our analysis for AUDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.901.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.913 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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GBPAUD Will Go Down! Short!
Take a look at our analysis for GBPAUD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.994.
The above observations make me that the market will inevitably achieve 1.958 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.
Like and subscribe and comment my ideas if you enjoy them!
GBP/USD Long, EUR/USD Long and GBP/AUD LongGBP/USD Long
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H low tests.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
EUR/USD Long
Minimum entry requirements:
• Break below area of value.
• 1H impulse up above area of interest.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
GBP/AUD Long
Minimum entry requirements:
• Break below area of value.
• 1H impulse up above area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
EUR/USD Analysis by zForex Research TeamEuro Weakens as ECB Signals Further Rate Reductions
The EUR/USD pair faces selling pressure near 1.0385 in Friday’s Asian session, weighed down by expectations of further ECB rate cuts. Investors await clarity on Trump’s potential tariff threats, which could impact market sentiment.
As expected, the ECB cut its deposit rate to 2.75% on Thursday, signaling the possibility of further reductions amid economic uncertainty and inflation concerns. Eurostat data showed the Eurozone economy stagnated in Q4, missing the 0.1% growth forecast after 0.4% in Q3. Germany’s Retail Sales and Unemployment data, due Friday, could provide direction.
In the US, the Fed kept rates at 4.25%-4.50% on Wednesday, with Powell ruling out immediate cuts without supporting inflation and employment data. Weaker US GDP growth of 2.3% in Q4, below forecasts, limited the dollar’s gains.
From a technical perspective, the first resistance level is at 1.0450, with further resistance levels at 1.0515 and 1.0550 if the price breaks above. On the downside, the initial support is at 1.0355, followed by additional support levels at 1.0270 and 1.0225.
BTC Dominance Breakdown = Altseason Incoming?BTC dominance (BTC.D) has broken down from key support, signaling a potential altseason ahead.
The breakdown below the 54.11% – 54.85% support zone suggests capital rotation from Bitcoin into altcoins, which could trigger major moves across the altcoin market.
If you find our work helpful, please like, comment, and follow us for more market insights—all in one place! Stay updated on Forex, Commodities, Crypto, and Global Indices with expert analysis.
GBP/USD LongGBP/USD Long
Minimum entry requirements:
• 1H impulse up above area of interest.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
EUR/USD LongEUR/USD Long
Minimum entry requirements:
• 1H impulse up above area of interest.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
Silver Declines as Trump’s Tariff Threats Shake MarketsSilver fell to $30 per ounce on Wednesday, extending losses as the dollar rebounded amid Trump’s escalating tariff threats. Trump announced tariffs on chips, pharmaceuticals, steel, aluminum, and copper to boost domestic production. Traders remained cautious ahead of the February 1 tariff deadline for China, Mexico, and Canada.
Meanwhile, the Fed is expected to keep rates unchanged this week. In China, overcapacity in the solar panel industry led firms to adopt a government-led self-discipline program, potentially limiting silver demand.
Technically, the first resistance level will be 31.00 level. In case of this level’s breach, the next levels to watch would be 31.80 and 32.50 consequently. On the downside 29.85 will be the first support level. 28.80 and 28.50 are the next levels to monitor if the first support level is breached.
Yen Slips to 155.6 as Markets Await Fed Policy DecisionThe yen trades around 155.6 per dollar, slipping after Tuesday’s loss as investors await the Fed’s policy decision. The central bank is expected to hold rates steady despite Trump’s calls for immediate cuts.
Trump’s escalating tariff threats added pressure, while safe-haven demand linked to a low-cost Chinese AI model faded. BOJ minutes showed a cautious stance on policy adjustments, though January’s rate hike and inflation forecast revisions signal potential further increases.
The key resistance level appears to be 158.60, with a break above it potentially targeting 160.00 and 161.00. On the downside, 154.90 is the first major support, followed by 153.80 and 151.90 if the price moves lower.
Scalp Like a Pro: 5-Minute Trades for Big Wins in Micro-TradingMorning Trading Fam
I'm sharing how I use just price action and candlesticks for my scalping strategy. We'll look at where to enter and exit trades super fast. Perfect for beginners or to refine your skills. Let's get into it with our TradingView setups. Like, Boost, Follow and Share is much appreciated.
Kris/Mindbloome Exchange
Trade What You See
EUR/USD Long, GBP/USD Short and EUR/GBP ShortEUR/USD Long
Minimum entry requirements:
• 1H impulse up above area of interest.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
GBP/USD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
EUR/GBP Short
Minimum entry requirements:
• If structured 3 touch 1H continuation forms, 1H risk entry within it.
EUR/USD Long, GBP/USD Short, GBP/NZD Short and GBP/JPY ShortEUR/USD Long
Minimum entry requirements:
• 1H impulse up above area of inflection.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
GBP/USD Short
Minimum entry requirements:
• 1H impulse down.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
GBP/NZD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
GBP/JPY Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
US30 Will Go Down! Short!
Here is our detailed technical review for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 44,145.21.
Considering the today's price action, probabilities will be high to see a movement to 42,746.00.
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.
Like and subscribe and comment my ideas if you enjoy them!
EURGBP Will Go Lower From Resistance! Short!
Here is our detailed technical review for EURGBP.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.845.
Considering the today's price action, probabilities will be high to see a movement to 0.835.
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.
Like and subscribe and comment my ideas if you enjoy them!
GBP/USD Short and GBP/JPY ShortGBP/USD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or two 1H high test rejections.
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBPJPY Is Bearish! Short!
Please, check our technical outlook for GBPJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 191.076.
Taking into consideration the structure & trend analysis, I believe that the market will reach 189.587 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.
Like and subscribe and comment my ideas if you enjoy them!