EURUSD: Bearish Outlook For Next Week Explained 🇪🇺🇺🇸
With the Friday's turmoil in the White House,
EURUSD went down sharply.
The price broke and closed below a significant daily support.
It is a strong event that increases the probabilities that the market
will continue going lower.
Next support will be 1.032
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USD (US Dollar)
GBP/USD Trendline Breakout (Weekly Forecast Mar 3 - 7)The GBP/USD Pair on the H2 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.2425
2nd Support – 1.2316
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USD/JPY Channel Breakout (Weekly Forecast Mar 3-7)The USD/JPY pair on the H2 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 153.90
2nd Resistance – 155.60
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USD/CHF Wedge Breakout (Weekly Forecast Mar 3-7)The USD/CHF pair on the H2 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 0.9138
2nd Resistance – 0.9221
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GBPUSD Breakout and Potential RetraceHey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.26500 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.26500 support and resistance area.
Trade safe, Joe.
Gold Wave 5 Bull Complete?! (4H UPDATE)While our short term 1H buy's didn't work out, our mid term sells on the 4H TF is proceeding nicely. Price is down 1,230 PIPS (4.18%) from its Wave 5 high at $2,956. We have MUCH MORE DOWNSIDE towards our $2,450 target, so if you haven't got in already, you have plenty more chances.
If any short term buy positions present themselves, I will try to share them here.
EURO - Price can make small correction and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A not long time ago, the price bounced from support line and rose to resistance area, after which it started to fall.
In a short time, price declined to support line and then it made a strong gap, breaking support line.
After a gap, Euro made an upward impulse, breaking $1.0300 level, and then turned around and madea correction.
Next, price started to grow inside a rising channel, where it rose to resistance area again and then bounced down.
Then it in a short time rose back and broke $1.0480 level and now price trades inside resistance area.
I think that Euro can bounce up from resistance area to $1.0580 points inside a rising channel.
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BTCUSD - Is this a bottom ?- Simple support channel trendline from sep 2023 and aug 2024
- daily rsi oversold like crazy
- 81k3 : 1 fib extension from low 2018 to high 2021 and low 2022
- 79204 : 0.5 fib retracement from low aug 2024 to ATH
- bullish div on lower timeframes
Those are strong bullish supports from high timeframes
watch out for another try from bears like 11 sep 2023 or 6 sep 2024 but I’m expecting more than a bounce from this
EURUSD - Bullish No More!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURUSD has been overall bullish, trading within the rising channel, however it is currently retesting the upper bound of the channel.
Moreover, the red zone is the upper bound of its weekly range.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the structure and upper red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As #EURUSD approaches the red circle, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAG/USD Bearish Flag (27.2.25)The XAG/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 31.06
2nd Support – 30.66
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EURUSD 28 Feb 2025 W9 -Intraday Analysis- US PCE Day! EOM FlowsThis is my Intraday analysis on FOREXCOM:EURUSD for 28 Feb 2025 W9 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Heavy economic news:
EU : German Prelim CPI m/m
US : the most awaited report Core PCE Price Index m/m - Personal Spending m/m - Chicago PMI
The market sentiment detailed as following:
Trump's Tariff Announcements:
President Trump's announcements regarding new and increased tariffs significantly impacted market sentiment. Uncertainty surrounding trade relations with various countries, including the European Union, Mexico, and Canada, created volatility.
These tariff announcements created fears of trade wars, which negatively impacted investor confidence.
Economic Data:
Reports of declining new home sales in the U.S. and concerns about overall economic health contributed to market unease.
Also, the release of various economic data points, and the anticipation of the PCE inflation data release, influenced market movement.
NVIDIA's Performance and AI Competition:
While NVIDIA beat earnings estimates, concerns about increased competition from Chinese AI companies, particularly DeepSeek, led to a significant drop in its stock price, impacting the broader tech sector.
Geopolitical Uncertainty:
Geopolitical factors, such as the removal of Chevron's oil license in Venezuela, contributed to fluctuations in commodity prices, particularly oil.
Bank of Japan governor Ueda's statements regarding the uncertainty of US policies also added to uncertainty.
Additional Factors:
Geopolitical Resolution: A sudden de-escalation in a prior crisis (e.g., eased tensions in a conflict zone) might have reduced safe-haven demand for gold, though this was secondary to dollar strength.
Technical Factors: End-of-month rebalancing or options expirations could have amplified downward moves.
The interplay of a hawkish Fed, a resilient dollar, and risk aversion triggered broad-based declines. The overarching theme was a recalibration of investor expectations around tighter monetary policy and its implications for global growth and asset valuations.
4H Chart Analysis
1️⃣
🔹Swing Bullish (Reached Swing Extreme Demand)
🔹INT Bearish (Adjusted my INT structure to align with the previous Bullish move)
🔹Complex Swing INT Structure
2️⃣
🔹As the Swing is Bullish, expectations were set to continue Bullish targeting the Weak Swing High and create a Bullish BOS after the Deep Pullback to the Swing Demand.
🔹During the Swing Bullish Continuation after the Deep Pullback, INT Structure kept holding Bullish to fulfill the Bullish continuation phase.
🔹With price reaching the Swing Extreme Premium zone and the expectation of breaking the Weak Swing High, price failed 2 times and with the 3rd attempt it created a Bearish iBOS. This indicated that the Swing INT structure is Complex and the Daily/Weekly TFs are still in play.
3️⃣
🔹After the Bearish iBOS, we expect PB, there is no clear POI for price to initiate PB except the Liq. at 1.03730 and 1.03173 before mitigating the last clear 4H Demand.
🔹It’s not a must to reach these Liq. points as we already in a Daily partially mitigated Demand Zone and maybe some orders reside there. But Will need LTFs to show clear Bullish OF to confirm the 4H Bearish INT structure is staring the PB.
🔹Expectations is set to Bearish continuation till we have a clear Bullish OF. Also, keep in mind that Daily and Weekly are still Bearish and we may target the 4H Strong Swing Low to fulfill the Daily and Weekly move.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Pullback
2️⃣
🔹Swing structure turned Bearish with confirmed BOS. And after BOS we expect PB phase to start.
🔹We didn’t mitigate any HP POI/Liq. to initiate the Swing PB phase.
🔹Will need a clear INT Structure shift to Bullish with momentum in order to play the PB phase otherwise price will continue Bearish till the sweep of Liq. on the 4H TF at 1.03730 and 1.03173 before tapping the clear 4H Demand.
3️⃣
🔹Expectations is set to continue Bearish with cautious from the Swing PB phase that can start at any time.
🔹Also keep in mind the End of Month Flows and PCE report today.
XAG/USD - Wedge Breakout (Weekly Forecast Feb 24-28)The XAG/USD Pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 31.25
2nd Support – 30.67
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Bullish bounce off 61.8% Fibonacci support?The Fiber (EUR/USD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 1.0373
1st Support: 1.0325
1st Resistance: 1.0464
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?The Cable (GBP/USD) has reacted off the pivot and could to the 1st support which is a pullback support that aligns with the 50% Fibonacci retracement.
Pivot: 1.2627
1st Support: 1.2524
1st Resistance: 1.2721
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bullish rise?The Swissie (USD/CHF) is falling towards the pivot and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 0.8976
1st Support: 0.8940
1st Resistance: 0.9049
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which acts as an overlap support.
Pivot: 1.4469
1st Support: 1.4356
1st Resistance: 1.4595
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Heading into 61.8% Fibonacci resistance?WTI Oil (XTI/USD) is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support.
Pivot: 71.19
1st Support: 68.97
1st Resistance: 72.87
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?The Gold (XAU/USD) is reacting off the pivot and could drop to the 1st support.
Pivot: 2,882.07
1st Support: 2,831.19
1st Resistance: 2,917.97
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?The Silver (XAG/USD) has reacted off the pivot and could drop to the 1st support.
Pivot: 31.54
1st Support: 30.71
1st Resistance: 32.09
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.