Forex market
USD/CAD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are now examining the USD/CAD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.387 level.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUDUSD Technical and Order Flow AnalysisOur analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view the price will fall to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
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CHFJPY Massive Long! BUY!
My dear subscribers,
My technical analysis for CHFJPY is below:
The price is coiling around a solid key level - 173.75
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 174.91
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
EUR/USD trades with sizeable gains above 1.1500, at over three-yThe Relative Strength Index (RSI) indicator on the 4-hour chart rose above 70, reflecting overbought conditions for EUR/USD. On the downside, 1.1500 (mid-point of the ascending channel) aligns as first support before 1.1450 (static level) and 1.1400 (20-period Simple Moving Average).
Looking north, first resistance could be spotted at 1.1600 (static level, round level) ahead of 1.1670 (upper limit of the ascending channel).
EURNZD Starting a Bullish Reversal After Breaking the Downtrend Technical Overview:
On the 4H timeframe, EURNZD appears to be breaking out of a descending trendline that has been intact since early April. The pair formed a higher low around the 1.8984 level, suggesting early signs of a bullish reversal. Price is currently trading near 1.9212 after breaking the trendline and retesting it as support. If momentum holds, potential targets lie around 1.9745 and 2.0000, with a stop loss below 1.9152.
Fundamental View:
Fundamentally, the euro remains supported by expectations of steady or possibly tighter monetary policy from the ECB, especially if inflation pressures persist. In contrast, the New Zealand dollar continues to weaken due to signs of economic slowdown and a more neutral stance from the RBNZ. This divergence in monetary policy outlooks favors further upside in EURNZD.
Extra Note:
Keep an eye on a clean 4H candle close above 1.9220 with strong bullish momentum. High volume accompanying the breakout would further confirm the bullish scenario.
USDJPY Potentially a long opportunity for this pair.
- Hit weekly SR line and rejected and retested it
- as you can see the white arrow path is creating a W pattern potentially giving us insight to a switch in direction and go towards an bullish trend
- high wicks rejecting off the W SR line
- bullish engulfing candle is another confirmation
USDJPY Wave Analysis – 21 April 2025
- USDJPY broke support area
- Likely to fall to support level 139.55
The USDJPY currency pair recently broke the support area at the intersection of the support trendline of the daily down channel from January and the support level 142.00 (which started the daily uptrend in September).
The breakout of this support area should accelerate the active impulse wave 3, which belongs to the intermediate impulse wave (3) from March.
Given the strongly bearish US dollar sentiment, USDJPY currency pair can be expected to fall to the next support level 139.55 (the former multi-month support level from September).
EURUSD 21 ABRIL 2025This could be the potential move for EURUSD that I’d be expecting for the week, based on the outlook of a continued weaker dollar.
Trump’s clear intention is to weaken the economy, and with a higher likelihood of interest rate cuts, this could increase the value of other assets relative to the dollar.
USDCHF Is Very Bullish! Buy!
Here is our detailed technical review for USDCHF.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.807.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.824 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURCAD Is Going Down! Short!
Take a look at our analysis for EURCAD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.591.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.578 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURUSD Rally Continues Through ManipulationThe trading instrument is currently in an uptrend and clearly aiming higher, targeting a breakout above the 1.1473 level with potential for further upside.
However, it’s important to understand that this move could play out either immediately or after a minor pullback — potentially down to 1.1334 — in order to collect additional liquidity. This is a rather complex trading setup, as the Euro is in a strong bullish trend, yet the price may sharply shift into a deeper correction. Monitor this scenario closely and act accordingly — make sure to place stop-losses below recent swing lows (key levels).
As long as the trend remains bullish on the lower and medium timeframes, it makes sense to continue trading from the long side.
EURUSD Has Been consolidating Serval session A next EURUSD movement what's next target.
EURUSD has been consolidating for several sessions now after making a strong impulsive move to the upside earlier this month. Since support the 1.2150 level, momentum has started to slow up and price is beginning to range near the recent highs. That alone isn’t surprising strong impulsive moves are almost always followed by periods of consolidation or retracement as the market pauses, takes profits, and revaluates.
Resistance zone 1.14000 / 1.14700
Support 1.12000
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Bearish reversal for the Fiber?The price is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.1532
1st Support: 1.1198
1st Resistance: 1.1710
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EUR/USD Breakout Extends Toward 1.15 – Is 1.17 Next?The euro continues its sharp ascent, breaking convincingly above key resistance at 1.1200 and now eyeing the 78.6% Fibonacci retracement near 1.1745. Momentum remains firmly bullish:
🚀 Price has surged through both the 50- and 200-day SMAs
📈 MACD is accelerating higher, showing strong bullish momentum
📊 RSI is nearing overbought territory at 74.92, but not diverging yet
As long as EUR/USD holds above 1.1200, the path of least resistance may remain higher. However, traders should watch for signs of exhaustion near the 1.17 area, a key technical confluence that could slow the rally.
-MW
EURUSD: Local Bullish Bias! Long!
My dear friends,
Today we will analyse EURUSD together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 1.15020 will confirm the new direction upwards with the target being the next key level of 1.15639 and a reconvened placement of a stop-loss beyond the range.
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