EURUSD Forming the new long-term Top.The EURUSD pair continues to trade within a Bullish Megaphone pattern and is about to complete today the 4th straight red 1D candle.
This is technically a top formation as the 1D RSI went from overbought (above 70.00) to below 60.00. Technically a downtrend gets confirmed when the price breaks below the 1D MA50 (blue trend-line) so until it does, the probability for another short-term bounce there isn't small. This is what took place in September 2024.
Once the 1D MA50 breaks though, we expect a test of Support 1 at 1.03650, as it happened on October 23 2024.
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
USD
EUR/USD LONG 4H
Hello, I am Forex Trader Andrea Russo, and today I want to share with you a strategy I have adopted for a position on EUR/USD. I will analyze the reasoning behind my choice and the setup I am using to maximize opportunities, minimizing risk.
The trade setup
I decided to enter EUR/USD with an entry level at 1.08483, setting a stop loss (SL) at 1.08095 and a take profit (TP) at 1.0944. This trade is based on a series of technical and fundamental factors that suggest a probable continuation of the upward movement.
Technical analysis
My decision is supported by some key technical signals:
Uptrend: The EUR/USD cross has shown good recent strength, supported by a series of higher lows.
Support at 1.08095: The SL level has been set below the main support to protect the trade from a potential reversal.
Resistance at 1.0944: The TP was calculated based on a major resistance level that could serve as a target for a significant upside move.
Fundamental Analysis
From a fundamental perspective, there are several elements that are positively influencing EUR/USD:
Divergent monetary policies: The prospect of more hawkish ECB policies versus the Fed is supporting the euro.
Macroeconomic factors: Recent data on economic growth expectations in the eurozone provide a favorable backdrop for the cross to rise.
Risk/reward ratio
With a stop loss set at 1.08095 and a take profit at 1.0944, the risk/reward ratio of this trade is optimal, standing at around 1:2. This setup allows you to contain your risk and aim for a significant gain.
Trade Management
Once the position is opened, I will monitor the market movements and keep an eye on key indicators to assess any adjustments. If prices move quickly towards the TP, I may consider partially closing the position to protect profits.
Conclusion
This trade represents an interesting opportunity in a dynamic and variable market. Risk management remains the cornerstone of any winning strategy, and with a well-calculated setup like this, we aim to make the most of market conditions.
USDCHF oversold bounce back capped at 0.8862The USD/CHF price action exhibits bearish sentiment, supported by the prevailing downtrend. The current intraday swing high at 0.8860 serves as a critical trading level, as the pair shows potential for an oversold rally before facing bearish rejection.
Key Levels to Watch:
Key Resistance: 0.8860 (current intraday swing high)
Immediate Support: 0.8760
Lower Support Levels: 0.8720, 0.8680
Upside Resistance Levels: 0.8913, 0.8970
Bearish Scenario:
An oversold rally toward the 0.8860 level, followed by a bearish rejection, could validate the downtrend and target the immediate support at 0.8760. Continued bearish momentum could extend the decline to 0.8720 and ultimately 0.8680 over the longer timeframe.
Bullish Scenario:
A confirmed breakout above the 0.8860 resistance level, accompanied by a daily close above this mark, would negate the bearish outlook. This scenario could trigger further rallies toward the next resistance levels at 0.8913 and 0.8970.
Conclusion:
The prevailing sentiment remains bearish amid the ongoing downtrend. Traders should closely monitor the 0.8860 level for potential bearish rejections or a bullish breakout. A sustained close above this resistance could signal a shift toward bullish momentum, while failure to break above would reinforce the bearish outlook.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
AUDUSD BUYWe have a specific type of divergence on the 1-hour timeframe ⏳, indicating a potential drop 📉 in the higher timeframe. On the other hand, the lower 15-minute timeframe 🕒 gives us a buying perspective 📈. So, the analysis will be as shown in the image.
#audusd #ForexTrading #PriceAction #ForexSignals #TradingAnalysis 💹
EURUSD BUYWe have a specific type of divergence on the 1-hour timeframe ⏳, indicating a potential drop 📉 in the higher timeframe. On the other hand, the lower 15-minute timeframe 🕒 gives us a buying perspective 📈. So, the analysis will be as shown in the image.
#eurusd #ForexTrading #PriceAction #ForexSignals #TradingAnalysis 💹
GBPUSD - Chasing the Bulls!!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPUSD has been overall bullish trading within the rising channel marked in red.
Moreover, the blue zone is a major daily support.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of daily support zone and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #GBPUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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.
DOLLAR INDEX (DXY): Bearish Outlook Explained
Dollar Index is currently consolidating within a range on intraday time frames.
Testing its upper boundary, the market formed a double top pattern.
With a strong bearish mood after the opening, the market is going
to drop lower.
Goal - 103.8
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USD/CAD Triangle Pattern (24.03.2025)The USD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle 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 – 1.4403
2nd Resistance – 1.4435
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USD/JPY(20250324)Today's AnalysisToday's buying and selling boundaries:
149.18
Support and resistance levels:
150.25
149.85
148.59
148.77
148.51
148.11
Trading strategy:
If the price breaks through 148.59, consider buying, the first target price is 149.85
If the price breaks through 149.18, consider selling, the first target price is 148.77
Potential bearish reversal?USD/JPY is rising towards the pivot and could reverse to the 1st support which has been identified as an overlap support.
Pivot: 151.21
1st Support: 146.92
1st Resistance: 154.40
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.
Bullish bounce?The Kiwi (NZD/USD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as an overlap resistance.
Pivot: 0.5692
1st Support: 0.5596
1st Resistance: 0.5836
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 38.2% Fibonacci resistance?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the pullback support.
Pivot: 71.33
1st Support: 65.73
1st Resistance: 73.43
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.
Bullish continuation?The Gold (XAU/USD is falling towards the pivot and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 2,951.07
1st Support: 2,886.31
1st Resistance: 3,049.36
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.
Bullish bounce?The Silver (XAG/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 32.70
1st Support: 31.91
1st Resistance: 34.46
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.
Could the Gold reverse from here?XAU/USD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 3,032.98
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 3,056.27
Why we like it:
There is a swing high resistance level.
Take profit: 3,005.17
Why we like it:
There is an overlap support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish reversal off pullback resistance?USD/JPY is rising towards the resistance level that is a pullback resistance and could reverse from this level to our take profit.
Entry: 149.68
Why we like it:
There is a pullback resistance level which is a pullback resistance.
Stop loss: 150.16
Why we like it:
There is a pullback resistance level that line sup wit the 138.2% Fibonacci extension.
Take profit: 148.96
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce?AUD/USD is falling towards the support level which is an overlap support that line sup with the 71% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6248
Why we like it:
There is an overlap support level that lines up with the 71% Fibonacci retracement.
Stop loss: 0.6203
Why we like it:
There is a pullback support level.
Take profit: 0.6305
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce off overlap support?NZD/USD is falling towards the support level which is an overlap support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.5695
Why we like it:
There is an overlap support level that lines up with the the 50% Fibonacci retracement.
Stop loss: 0.5638
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
Take profit: 0.5764
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
XAGUSD - Hunting for Bullish Entries on Smaller TFThe Silver/USD 4-hour chart displays a significant retracement from recent highs around $3,420, with price currently rebounding near the $3,300 level. This correction has brought price to test both the ascending trendline and the horizontal support at $3,275 (marked by the red line), creating a potential buying opportunity. Given the overall uptrend structure and the recent bounce from this dual support zone, we need to prepare for finding buy setups on smaller timeframes. Traders should shift to lower timeframe charts (15-minute, 30-minute, or 1-hour) to identify precise entry signals. The price action suggests a potential retest of the upper blue reaction zone after completing the current zigzag correction, as indicated by the directional arrow on the chart. Monitoring these smaller timeframes will help capture optimal entry points with tighter stop-losses while maintaining the broader bullish bias shown on this 4-hour chart.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURUSD: Detailed Support & Resistance Analysis For Next Week
Here is my latest structure analysis for EURUSD;
Resistance 1: 1.0944 - 1.0955 area
Support 1: 1.0804 - 1.0834 area
Support 2: 1.0598 - 1.0630 area
Support 3: 1.0515 - 1.0533 area
Support 4: 1.0359 - 1.0377 area
Support 5: 1.0727 - 1.0290 area
Support 6: 1.0717 - 1.0240 area
Consider these structures for pullback/breakout trading.
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USDCHF: Bullish Outlook Explained 🇺🇸🇨🇭
USDCHF looks bullish after a test of the underlined blue support.
The price formed a double bottom on that and broke its neckline
on Friday.
We see a positive bullish reaction to that after its retest.
I think that the market will continue rising and reach
at least 0.885 resistance.
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EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08500 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08500 support and resistance area.
Trade safe, Joe.