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EUR/USD Tests Key Pivot Points Amid Bearish TrendHello, FX:EURUSD has broken above the 1D resistance level and is now advancing towards the 1W pivot point (PP) for another test. If it successfully crosses and holds above this PP, further upward movement is likely, applying to both the 1W and 1M pivot points. However, it’s important to note that the pair remains in a strong bearish trend overall. Despite this, buyers have taken long positions, viewing the recent low as a potential turning point for an upward move. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
EURUSD Waiting for confirmation1. Time Frame: - Daily: FVG Identification - H4: FVG Identification - H1: Entry Signal 2. Fair Value Gap (FVG): On the H4 chart noted a Fair Value Gap (FVG) between 1.0380 - 1.0466 On the Daily chart also note FVG between 1.0422- 1.0480 3. Trend Confirmation: Price has break support at 1.0453 with massive net sell volume. Price has rise back to Daily & H4 FVG area. 4. Position: Entry: Waiting for confirmation Stop Loss : 1.0485 Take Profit: 1.0345 & 1.0240 (fibo 161.8 & previous low) RRR : 1:xx ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Short
by Phoenix-Rise-Trade
EURCHF Wave Analysis 20 December 2024 - EURCHF falling inside minor impulse wave 5 - Likely to fall to support level 0.9250 EURCHF currency pair continues to fall inside the minor impulse wave 5, which started earlier from the pivotal resistance level 0.9430 (standing well above the upper daily Bollinger Band), which has been reversing the price from the start of October. The downward reversal from the resistance level 0.9430 created the daily Japanese candlesticks reversal pattern Bearish Engulfing. Given the overriding daily downtrend and the strongly bullish Swiss franc sentiment seen today, EURCHF currency pair can be expected to fall to the next support level 0.9250, low of the earlier minor correction b.
Short
by FxProGlobal
USDCHF Wave Analysis 20 December 2024 - USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF currency pair recently reversed down from the strong resistance zone located between the round resistance level 0.90000 (which has been reversing the pair from the idle of last year) and the upper weekly Bollinger Band. The resistance level 0.90000 was further strengthened by the 38.2% Fibonacci correction of the weekly downtrend from the end of 2022. Given the strong multiyear downtrend and the overbought weekly Stochastic, USDCHF currency pair can be expected to fall to the next support level 0.8860.
Short
by FxProGlobal
GBPAUD: Strong Resistance in Play – What’s Next?Welcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis ! 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 OGT_Forex
#USDJPY $USDJPY Rise after Monetary Policy Divergence...The USD/JPY continiues to produce. Latest: The USDJPY has seen an increase over the last three days due to several factors: Monetary Policy Divergence: The Bank of Japan (BoJ) decided to maintain its interest rates, reflecting a dovish stance in contrast to the U.S. Federal Reserve's more hawkish approach. This divergence in monetary policy tends to strengthen the U.S. Dollar against the Yen since investors can borrow Yen at low rates to invest in higher-yielding U.S. assets. FOMC Meeting Impact: The recent FOMC meeting indicated a slower pace of rate cuts for 2025, which typically supports a stronger U.S. Dollar. This hawkish cut by the Fed, alongside the BoJ's inaction, contributed to the USDJPY's upward movement. Market Reactions and Technical Levels: Following the FOMC and BoJ announcements, there was an immediate market reaction. The USDJPY broke higher post-BoJ press conference, indicating a breakout possibly influenced by both the Fed and BoJ decisions. Technical analysis suggests that if the pair maintains above certain levels, like 157, it could aim for higher extensions, showing strong market sentiment towards further appreciation of the USD against JPY. Although a pullback at this level would be healty. Speculation on Future Interventions: There's an anticipation that the Japanese Ministry of Finance might intervene at around the 160 level to protect the Yen, but historical interventions have been less effective, suggesting that the USDJPY could continue to rise if these levels are approached (Taking a look at the upper line yellow line at the chart, if this is tested, broaken and holds we could see a great incerease). My target would be at 160- 165 lvl for now if it holds its current price or finds support in event of an pullback at a key level. However always keep in mind, currency movements are also influenced by broader market sentiment, geopolitical events, and other economic indicators. This is not financial advice.
Long
by BaseLineTraders
EURCAD - LongEURCAD Analysis - LONG 👆 In this Chart EURCAD H1 Timeframe: By Nii_Billions. ❤️This Chart is for EURCAD market analysis. ❤️Entry, SL, and Target is based off our Strategy. This chart analysis uses multiple timeframes to analyze the market and to help see the bigger picture on the charts. The strategy uses technical and fundamental factors, and market sentiment to predict a BULLISH trend in EURCAD, with well-defined entry, stop loss, and take profit levels for risk management. 🟢This idea is purely for educational purposes.🟢 ❤️Please, support our work with like & comment!❤️ 🟢🟢🟢🟢🟢❤️❤️❤️❤️❤️MERRY CHRISTMAS ❤️❤️❤️❤️❤️❤️🟢🟢🟢🟢🟢
Long
by Nii_Billions
GBPNZD Will Go Lower! Sell! Here is our detailed technical review for GBPNZD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2.218. Considering the today's price action, probabilities will be high to see a movement to 2.208. 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
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