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Bullish bounce off 50% Fibonacci support?CAD/JPY is falling towards the pivot which acts as a pullbacksupport and could bounce to the 1st resistance which is an overlap resistance. Pivot: 108.43 1st Support: 107.05 1st Resistance: 109.63 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.
Long
by ICmarkets
EURJPY MARKET ANALYSIS AND PRICE PREDICTIONEURJPY, has finished consolidation at the Institutional Renegotiation zone, at 79% Discount Price. Decision has been taken in favor of the Bulls, Price has already broken the renegotiation trend line with a shift candle. Another order has taken place already. Price will retrace a bit to mitigate the order block and give the Bulls a perfect entry at 61.6% discount price. First Target is the Renegotiation resistance To sweep the buyside liquidity, and there will be a liquidity run from there to mitigated the unmitigated order block ahead as the second target. I believe this is the move we will see next week. Entry, Take Profit 1 &2 and Stop Loss are clearly marked on the Chat. GOOD LUCK GUYS!
Long
by Akpambang
GBP/JPY H1 Analysis – OB Bearish and Bullish Scenarios This chart outlines a potential price reaction for GBP/JPY on the H1 timeframe based on **Order Blocks (OB)** and possible market scenarios: ### Key Zones: 1. **OB Bearish Zone (196.750 - 197.000):** - This is a key **supply zone** where sellers may dominate. If price moves into this area, it could trigger bearish momentum, leading to a reversal. 2. **OB Bullish Zone (195.750 - 196.000):** - This is a **demand zone** where buyers are expected to step in. Price entering this zone could initiate a bullish push back toward higher levels. --- ### Possible Scenarios: 1. **Bullish Rejection from OB Bullish Zone:** - If the price reaches the OB Bullish Zone, we expect a possible **bounce upward** toward the OB Bearish Zone. - **Validation:** Price forms bullish rejection candles (e.g., pin bar or engulfing patterns). - **Target:** The OB Bearish Zone around 196.750-197.000. 2. **Bearish Continuation from OB Bearish Zone:** - If the price hits the OB Bearish Zone after a bullish retracement, we anticipate a **rejection** and downward continuation. - **Validation:** Price forms bearish reversal patterns in the OB Bearish Zone. - **Target:** Break below the OB Bullish Zone, extending to lower support levels. 3. **Direct Breakdown Below OB Bullish Zone:** - If the price fails to hold in the OB Bullish Zone, it could lead to a **bearish breakout** toward deeper support levels. - **Validation:** Price closes strongly below the OB Bullish Zone. - **Target:** Lower levels around 194.500 or further down. --- ### Notes: - Monitor candlestick patterns and volume near the key zones to confirm entries. - Be cautious of **false breakouts**; wait for clear confirmation before entering trades. - Use stop-loss levels just below/above the zones to manage risk effectively.
by foureyescoder
EU/USD Technical Analysis ReportEUR/USD Technical Analysis Report December 20, 2024, 06:00 GMT Current Price: 1.03628 Recent Market Events & Price Action Recent FOMC rate cut of 25 basis points (December 18, 2024) accelerated bearish momentum Previous range break (1.05927 - 1.04541) signals strong bearish continuation Yesterday's retracement to 1.04235 identified as liquidity grab before continuation Technical Structure Key Trend Points Downtrend initiated: September 30, 2024 Trend confirmation: Bearish daily engulfing candle (November 5, 2024) Range formation: November 13 - November 27, 2024 Range break: December 18, 2024 (post-FOMC) Moving Average Analysis Price consistently trading below Daily 20 EMA Broken below Daily 200 EMA with sustained movement below Historical Key Level Analysis Major historical level approaching: Previous support: May 12, 2022 Previous resistance: August 9, 2022 Last mitigation: November 15, 2022 Potential Scenarios Bearish Scenario (Higher Probability) If current historical level breaks, expect movement towards: 1.00951 0.99599 0.97402 Bullish Alternative If level holds as support: Potential retracement back to range high (1.05973) Would indicate renewed EUR strength against USD Key Levels to Watch Recent High: 1.04235 (December 19 retracement) Previous Range: 1.05927 - 1.04541 Major Support Levels: 1.00951, 0.99599, 0.97402 Risk Management Considerations Monitor price action around historical support level Watch for potential false breaks Consider reduced position sizes due to recent high-impact news event Note: This analysis is for educational purposes only. Always conduct your own analysis and manage risk appropriately.
Short
by FXCapitalClub
USD/CHF 4H Timeframe AnalysisUSD/CHF 4H Timeframe Analysis Trend Analysis: The USD/CHF pair is currently in an uptrend, with price initially breaking through the minor support at 0.8900 before quickly reversing and breaking the next minor resistance zone at 0.89700. The price then dipped below this level, triggering stop losses and liquidating the buying orders. The liquidity zones have already been tested twice, indicating that the market has cleared out excess positions. Given that the liquidity has already been absorbed, we are now anticipating a continuation of the bullish trend from the liquidity zone. Price Action Expectation: After the liquidity grab, our objective is to wait for the price to break above the next minor key resistance. The plan is to place a buy stop order above the resistance at 0.89940, confirming that the market is ready to continue its upward momentum. A stop loss will be placed below the liquidity zone at 0.89540, ensuring proper risk management. The target for this trade is the next resistance level at 0.90740. Trade Setup: Trade Type: Buy Stop Entry Price: 0.89940 (just above the minor resistance after a breakout) Stop Loss: 0.89540 (below the liquidity zone) Take Profit: 0.90740 (next resistance level) Additional Considerations: We should be mindful of potential market reactions near key levels. If price action fails to break through the resistance at 0.89940, this could signal a potential reversal. Keeping an eye on any external factors, like economic data or geopolitical events, is essential to avoid unexpected volatility. Conclusion: The USD/CHF pair shows potential for further upside, with the market having cleared key liquidity zones. Traders should watch for confirmation of the uptrend with a breakout above 0.89940 and prepare for a move toward the 0.90740 resistance. Risk management through stop loss placement is critical, given the volatility seen in recent price action.
Long
by RebornFXTrader
GBPAUD Bullish Trade Idea from 2.00381-2.0082GBPAUD Bullish Trade Idea The price fell from the 2.02834 zone and hit back the 2.00381 zone, just respecting the recent support level. Now the important question is: does the price just test back and wait for the confirmation candle over this zone to reach the next level? In H4, the bear pressure will increase over time, and the volume increased with sentiments also showing that more volume on the buy side. and the major zone will be tested. Key level: if the market breaks the support, then we must see at the 1.99567 zone, but on the other side, the Pound index is strong enough. When the market breaks the 2.00820 level, put buy trade. Buying zone: 2.00381 - 2.0082 Stop loss: 1.99778 Take Profit Level: 2.0158-2.02763
Long
by Bloom_Forex_Official
Interest Rates Are Falling, So Why Is the EUR/USD Declining?Hello everyone, Currently, the EUR/USD pair is trading with a slightly negative bias around 1.0360 in early Friday’s Asian session. The major currency pair remains defensive as the US Federal Reserve adopts a less dovish stance despite cutting interest rates by 25 basis points at its December meeting on Wednesday. In summary: The Fed’s hawkish tone has delivered its intended impact: the dollar has strengthened, and markets have weakened. Today, all eyes are on the November Personal Consumption Expenditures (PCE) Index, the Fed’s preferred measure of inflation. Meanwhile, the EU will release its preliminary estimate of December Consumer Confidence. Technical Perspective: After the initial decline, the price attempted to recover but faced resistance at key levels, highlighted by the blue liquidity zones on the chart. If the price fails to break through the liquidity zone at 1.03894, we could see further bearish pressure. The first target lies at 1.03502, and a break below this level could drive the price toward 1.03000, marking a significant move for the pair. Wishing you all successful trades and great profits!
Short
by Trader-Briannnn
#EURUSD - 20122024After Wednesday's sell down, price action near term price action showed a recovery and I said to short from higher up. Indeed, we saw a move up of over 50pips before an ability to move higher, and it just closed back near the lows. However the lows still hold. Not exactly bearish though IMO, but could be early to say lows is in in terms of daily candle. For lows to be in, might need a flush down and a quick recovery, similar to what I share for indices. I would try for longs today, either from a level lower, 1.0320/333 or if price can break above PZ and hold, a long from higher.
by FadeMeIfYouCan
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
GBPUSD BEARISH IDEAGBPUSD price attempting to break the weekly bearish flag possibly attempting to test previous weekly structure lows Daily chart shows a possible divergence creating a thesis that a possible pullback is imminent that could test previous support turned resistance for possible bearish continuation set up note: The indicator you are seeing in the chart are bollinger bands with 200 sma that would show if price is over extended long term. this indicator is set to daily so that if you scroll down to lower time frame what you will see is the same indicator but set to daily. The RSI is the regular rsi with 100sma bollinger band for long term trend shifts in momentum. 4h or 1h chart would be the execution chart if I will see pull backs to fib levels using RSI midline and sma as confluence
Short
by Junmadayag
GBPUSD - continue its downward trendDear Investors, The GBP/USD pair has rebounded after losing over 1% following the Federal Reserve's aggressive rate cut on Wednesday, currently trading around 1.2590 during Thursday's Asian session. From a technical perspective, this recovery is likely to be short-lived, stemming from the strong support zone at 1.2567, rather than signaling a sustained rebound. Sellers could easily regain control, especially after breaking below the key level of 1.2645. Moreover, the 34-period EMA shows no signs of a significant reversal, suggesting the price might accelerate towards the next support level at 1.2486. Attention remains on the immediate resistance at 1.2615, as any failure to hold this level could lead to an earlier-than-expected decline. Stay alert and plan accordingly!
Short
by Trader-Briannnn
Bearisdh drop off pullback resistance?AUD/JPY is reacting off the pivot which is a pullback resisstance and could drop to the 1st support level which acts as a pullback support. Pivot: 98.24 1st Support: 96.57 1st Resistance: 99.38 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.
Short
by ICmarkets