Get started

Forex market

HelenP. I Euro can reach resistance level and then continue fallHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price reached the trend line, making a first gap as well and then starting to decline. EUR dropped to the resistance level, which coincided with the resistance zone and soon broke resistance 2. Then it started to trades inside consolidation, where it declined to resistance 1, which coincided with the bottom part of the range with the support zone. After this movement, the EUR rebounded up, making a second gap, and later almost reached the trend line. Then the price little declined and later rebounded up to resistance 2, breaking the trend line, after which it turned around and started to decline. In a short time, Ethe uro declined to resistance 1, broke it, thereby exiting from consolidation, and then fell to the trend line. A not long time ago, the price bounced and started to grow. So, I expect that EURUSD will reach a resistance level and then continue to decline next. For this case, I set my goal at 1.0270 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3
Euro can fall to buyer zone and then rebound upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price a few moments ago broke the resistance level, which coincided with the seller zone and started to grow inside the upward channel. In this channel, the price grew to the resistance line, after which turned around and started to decline in a downward channel, exiting from the upward channel. In this channel, the Euro declined to the seller zone, where it soon broke the 1.0485 level and fell to the support line, but soon turned around and backed up. Next, the price some time traded near the resistance level and later rebounded and made a strong impulse down, breaking the 1.0390 support level, which coincided with the buyer zone, thereby exiting from the downward channel as well. Later Euro turned around and started to grow and some time later reached the 1.0390 level, broke it, and continued to move up. But a not long time ago, the price started to decline, so, for this case, I think that the price can decline to the buyer zone. AFter this movement, Euro will turn around and start to move up to the resistance level from the buyer zone. Therefore I set my TP at 1.0485 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
USDJPY Buyers In Panic! SELL! My dear friends, USDJPY looks like it will make a good move, and here are the details: The market is trading on 156.76 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 154.65 Recommended Stop Loss - 157.90 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
5
EURNZD Developing in a Large Range Trading MovementEURNZD Developing in a Large Range Trading Movement EURNZD is currently developing a significant range trading movement. The price has been oscillating between 1.7500 and 1.8500 for about 600 days, with a trading range of nearly 1000 pips, which is quite substantial. EURNZD has reached the top of the structure again, and it appears that the bearish trend may resume, as it has in the past. The price may not move immediately, but it is already in a critical zone. Support zones on the way down are located near 1.8250, 1.8090, 1.7830, and 1.7500. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
2
EURUSD 1HPrevious Analysis: View previous analysis The reaction to the 1.0422 level showed a bearish move, indicating that sellers remain active in the market. Current Scenario: Moving forward, the market is expected to approach the 1.0460 level, which will be the next target for bullish positions. Trading Plan: At 1.0460, I will assess potential sell opportunities to evaluate signs of a bearish reversal. Conclusion: For now, wait for the bullish target to be reached, and then analyze market behavior for further trades. (Further updates will follow as more data becomes available.)
Short
by GreyFX-NDS
3
Anybody in for a reversal with me?Well, starting with the downtrend structure we had from the 1.34xx seems broken. Apparently, our beloved cable had to take all those early bulls out before it could go back reclaiming money it left at supply. There are multiple evidences why I think we should be buying GBPUSD. Amongst the most prominent ones, we have: 1- Price being protected (twice) at the demand area 2- BOE held the rates, it does not mean UK is doing great at other variables such as inflation, trade balance, debt, job market etc., it just means they plan to maintain the burden on businesses and public with relatively higher mark ups on public lending. It might be a double edged sword but that is pretty much how capitalist economies maintain and control their inflation rates. 3- Market has not claimed the liquidity at marked supply area ever since it started dropping, so this might be a good start 4- This one might not have matured just yet, but it is diverging bullish here This is my idea for adding small long positions starting Monday post intraday pullback, if you think I might be wrong, please let me know in the comments with proper reasoning. (saying because I need a reason to reconsider which I might be unable to see lol) Cheers!
Long
by Uzi-Trades-Forex
AUDCHF Is Going Down! Sell! Please, check our technical outlook for AUDCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.558. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.553 level. 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!
Short
by SignalProvider
2
GBP/USD Analysis: Pair Recovers from 7-Month LowGBP/USD Analysis: Pair Recovers from 7-Month Low The GBP/USD pair dropped below the psychological level of 1.25 today, a level last seen in early May. Over the past two days, the pair has declined by more than 1.5%, driven by central bank decisions. On one hand, the US dollar strengthened after the Federal Reserve chair's comments on Wednesday, hinting at potentially higher interest rates in 2025. On the other hand, the pound weakened on Thursday after news from the Bank of England (BoE). According to media reports: → The BoE kept the interest rate unchanged. → Market expectations for the BoE's February decision are putting additional pressure on the pound. Technical analysis of the GBP/USD chart reflects a continuation of bearish momentum, with the pair moving within a descending channel: → In mid-December, the price broke below the lower boundary of a narrowing triangle (highlighted in blue), signalling the potential resumption of the downtrend. → Around the same time, trading was concentrated near the 1.265 level. Despite repeated tests of this level, it seems that the bears took control. Looking ahead, the pair may consolidate near the channel’s median line as the year comes to a close, with this zone acting as a balance point between supply and demand. Stronger directional moves might materialise in 2025. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
GBPJPY LONG SHOTGBPJPY is moving in an UP trend channel, is trading along the rising support And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at The chart broke through the dynamic support, which now acts ... We expect a decline in the channel after testing the current level. Great BUY opportunity GBPJPY Traders, if you liked this idea or if you have your own opinion about it, write in the comments I will be glad Thank You
Long
by Zaks_ForexRules
3
EURNZD I Short from top of the channel Welcome back! Let me know your thoughts in the comments! ** EURNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
3
EUR/USD is on track for a price increase The EUR/USD pair is approaching the 1.0394-1.0382 support zone on the hourly timeframe after a decline. This area is considered a valid and important support due to the intersection of key Fibonacci levels (50% and 61.8%) and previous strong reactions. The price reaction to this support area indicates the presence of buyers and their desire to return the price to higher levels. If the price can hold this level, a move towards the resistances of 1.0513 and then 1.0618 is not far off in the short term. On the other hand, a clear break of this support range (1.0394-1.0382) could lead to increased selling pressure and a drop to lower levels. Traders should pay attention to the reaction of the candles in this range as well as volume indicators to make better decisions.
Long
by arongroups
EUR/USD Analysis – December 19, 2024EUR/USD Analysis – December 19, 2024 Overview: Today, let’s focus on EUR/USD. The price recently retested its demand zone at 1.03611, where it experienced a strong rejection from the downside. Following this, the price has begun to climb upward, indicating a potential bullish move. Trade Idea: Potential Long Entry: Around 1.03611, where the demand zone lies. Target: The price could rise to 1.04628, which corresponds to the previous supply zone. Risk Management: Use a proper risk-to-reward ratio to manage your trade. Ensure there is clear confirmation (e.g., bullish momentum, strong candles, or other signals) before entering a position. Important Notes: Do Your Own Analysis: While this setup suggests a potential upward move, don’t follow it blindly. Always analyze the market conditions yourself before taking a trade. Risk Awareness: Protecting your capital is more important than making quick profits. Avoid impulsive trading and use stop-loss orders to mitigate risk. Trading Is Reactive, Not Predictive: Respond to what the price action shows you rather than forcing trades based on expectations.
Long
by KainT21
7
EURUSD SHORT POSITIONGreetings Traders this is my analysis for EURUSD . From the last chart that had a solid growth we can see that the price is managing itself for a future Downtrend Movement. I have redrawn the waves and now I see the completion of the five-wave impulse in the wave “5” of higher order. I expect that the price should update the nearest local minimum of the wave “3” 1.03350. I expect the price to reach at least the area of 1.02540 possibly short key level to 1.03072 I think the price will start a downfall to it might reach our potential target for a Downtrend and for a Sell Position Traders make your own analysis before trading. Please leave a Like,Comment and Follow! Thank you!
Short
by Zaks_ForexRules
GBPUSD SELL | Idea Trading AnalysisGBPUSD is moving on support zone and and made a head & shoulder pattern The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Short
by TheGrove
16
GBPUSD → One step away from breaking support and falling awayFX:GBPUSD is facing difficulties. Negative fundamental background, strong dollar and price entry into the selling zone gives a bunch of preconditions hinting at the continuation of the fall Yesterday the UK GDP came out, which remained at the same level, there is no driver for GBP at the moment, but there is for USD, which is growing after interest rate cuts, but the growth is not because of this, but because of hints of stopping the cycle of further rate cuts and the change of officials' mood to hawkish, which in general, against the background of Trump's policy indicates medium-term potential. Technically, the currency pair is testing the risk zone, a false breakout will form a rebound reaction and I think it will be a short-term reaction. Resistance levels: 1.257, 1.2597, 1.2665 Support levels: 1.2488, 1.245 After the false breakdown, the currency pair may test the local resistance. But retest of the support within 1-3 days will play an important role. Formation of a pre-breakout base at 1.2488 will strengthen the potential for further decline With Respect R. Linda!
Short
by RLinda
2
GBP/CAD - H4 - Strong BreakoutThe GBP/CAD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.7761 2nd Support – 1.7570 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
6