Forex market
GBPNZD - BUY - Still Room to Run - Prob 75%NZ has dropped rates as expected.
Great British Pound has been strong last couple of weeks against the NZD so would expect it to continue to be, even more so.
GBP has Fundamental score of 5
NZ has score of -1
GBP has just had Inflation data yesterday pointing higher so BOE less likely to cut rates so investors park their their money there.
GBP Core Inflation YoY 3.6% (Previous 3.2%) – Bullish – 85/100
GBP Inflation Rate YoY 2.8% (Previous 2.5%) – Bullish – 80/100
BoE Rate Cuts Less Likely – Bullish – 85/100
GBP Strength Expected in Short Term – Bullish – 75/100
140 Pip Target
Still has 440 pips to run to reach max over extension from Sentiment of Traders Targets.
Leaning more now days to averaging in if price does push down.
Has broken Trigger line and making a Re test Reversal now with nice Pinbar below signifying Bulk Buy orders.
Have a Nice Day : )
NZDCAD - Where I see it going nextJust based on simple TA, I foresee this pair moving in a similar direction as displayed on the chart. Let's see accurate I am at future forecasting this pair.
That's it - That's all
Trade Safe.
AUD/JPY: Counter-trend bull flag in focusI have outlined my bearish case for AUD/JPY for the year in prior articles and videos, but today I want to look at a potential countertrend setup.
A bull flag is forming on the daily chart. Usually I'd prefer to see such patterns during a strong uptrend as a continuation pattern. But given we saw a false break of an elongated bullish pinbar and sharp reversal higher, I suspect there is at least one more leg higher brewing for AUD/JPY. And because this is counter trend to my core bearish bias, I am not seeking the usual flag projection target, and instead will be happy with a more conservative reward if successful.
Prices are holding above the 10-day ERMA and weekly pivot point, but bulls could also seek dips towards the high-volume node (HVN) at 95.11 or around the 98 handle.
Bulls could target the 97 handle, with a break above 97.20 brining the weekly R1 into focus just below 98.
Matt Simpson, Market Analyst at City Index and Forex.com
USDMXN at Key Support - Potential Buy SetupOANDA:USDMXN is currently trading at a major demand zone, where buyers may step in to support the price. This level has historically acted as a strong support area, leading to bullish reversals.
If the price confirms a rejection from this demand zone, we could see a move upward toward the 20.4440 target level. A bullish reaction from this zone would align with the expectation of a short-term correction within the broader market structure.
NZDCHF at Key Resistance: Potential Sell Setup OANDA:NZDCHF is currently trading at a key resistance zone, where sellers may regain control. This level has been a significant area of interest in the past, leading to reversals. The recent push into this zone suggests a potential for bearish continuation if price action confirms rejection.
If the market provides a clear rejection pattern, such as bearish engulfing candles or wicks signaling rejection, I anticipate a move downward toward the 0.51500 target level. This setup aligns with the expectation of a short-term correction within the broader market context.
If you have additional insights or an alternative perspective, feel free to share your thoughts!
EURNZD - Buy Setup at key ZoneOANDA:EURNZD is currently in a significant support zone, which has times before been a turning point for bullish moves. The recent bearish pressure brings the price into this critical area once again, creating a potential buying opportunity.
If bullish signals emerge, such as strong buying volume or bullish candlestick patterns, I expect the price to move toward 1,83700. However, a break below this support would invalidate the bullish bias and could lead to further declines.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
USDCAD - Sell Opportunity After Support BreakOANDA:USDCAD has broken below a major support level, signaling a shift in momentum. If the price will retest the zone at 1.42600, which previously served as support, this area may now act as resistance, aligning with a potential bearish continuation.
If sellers confirm resistance at this level, the price is likely to move downward toward the 1.41130 level, which represents a logical target for this setup. Conversely, a failure to hold resistance could suggest a potential bullish shift.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles or increased selling volume, before considering short positions. Let me know your thoughts or any additional insights you might have!
USDCAD - Sell Opportunity After Support BreakOANDA:USDCAD recently broke through a significant support level, creating an opportunity for further bearish movement. The market is now retesting this level. A rejection off this area could push the price lower toward the 1,4120 level, confirming the breakout's strength. A failure to hold resistance could indicate a continuation of the bullish trend.
Traders should look for bearish confirmation signals, such as bearish engulfing candles or increasing sell volume, before entering short positions.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
GBP/NZD Analysis: Market Uncertainty Amid Key Technical LevelsThe analysis of GBP/NZD shows recent volatility, with a close at 2.20571 on February 19, 2025, slightly down from the previous day, indicating a phase of market indecision. The previous trend saw moderate progression from February 16 to 18, supported by an increase in UK GDP, which temporarily strengthened the Pound. However, the absence of new economic data left the pair exposed to market sentiment, contributing to the decline on February 19. From a technical perspective, the chart highlights a strong resistance area between 2.21770 and 2.22180, a level that has rejected the price multiple times, suggesting that without a decisive breakout above this zone, the bullish trend may weaken. Conversely, a significant support area is located around 2.17616, a level that has already provided a positive reaction, pushing the price back up. The current price action shows a consolidation phase between these two key levels, with a recent structure of higher lows that could indicate an accumulation attempt before a potential bullish breakout. If the price manages to break above the upper resistance decisively, the next target would be around the recent highs in the 2.24000 area. On the other hand, a break below the 2.17616 support could trigger a decline towards the next key level at 2.15000, where an interesting liquidity zone is present. The combination of the recent positive GDP data and a more cautious market sentiment leaves the pair in a state of uncertainty, with a key reaction expected in the coming days depending on the holding or breaking of the main technical levels.
GBPUSDWe are trending UP but the price now show as weaknes for buyers and we think that gone to the level 61.8
LR
Eurusd LongBuy now, price going up soon. From my analysis on eurusd. I use trend line and order block confluence
USDCHFUSD is strong and CHF is weak and the trend is UP and we think that price gone to the 78 level
LR
AUD-CAD Will Keep Growing! Buy!
Hello,Traders!
AUD-CAD is trading in a
Local uptrend and the pair
Is making a strong rebound
From the wide horizontal
Support level of 0.9005
So we are bullish biased
And we will be expecting
A further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
3RR Trade on AUDUSD Long Using Banks StrategyBased on my trading algorithms which are using banks strategy, this set up will give a 3RR
I'm buying EURUSDYesterday's buy closed at BE. The market was slow so I moved SL to BE.
Trading with confluence really helps a lot as a trader.
I bought EUR, and then after analyzing GBPUSD, I found out it should go lower before continuing higher if it is really in an uptrend; and it did that today.
My only hesitation to this trade is time, I dont like trading EUR during asian session.
Be that as it may, the trade will hit TP 1 @ 1.0510 before weekend.
Now, if there is a run below my stop loss and I'm not around to post again, enter once more if you see any bullish confirmation. I dont think it will go below again, but I want you to be ready if it did.
I want you to make money...
Short GBP / CHFDaily liquidity has been swept on the upside. Price is ranging for some time within a tight range. It is getting rejection from this liquidity area where previously there was heavy selling. We can enter into a short trade. There is also an RSI divergence which is acting as an extra confluence.
Price: 1.13797
TP: 1.12148
SL: 1.14387
Bullish bounce off pullback support?GBP/USD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.2526
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.2463
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.2660
Why we like it:
There is a pullback resistance 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.
Bullish rise?EUR/CAD has bounced off the support level which is an overlap support and could potentially rise from this level to our take profit.
Entry: 1.48004
Why we like it:
There is an overlap support level.
Stop loss: 1.4743
Why we like it:
There is a pullback support level.
Take profit: 1.4894
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.
Potential bullish rise?EUR/NZD has bounced off the support level which is an overlap support that line sup with the 61.8% Fibonacci projection and could bounce from this level to our take profit.
Entry: 1.82330
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci projection.
Stop loss: 1.81528
Why we like it:
There is a pullback support level that is slightly above the 100% Fibonacci projection.
Take profit: 1.8348
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.
USDCAD Drills into SupportUSD/CAD is responding to confluent support this week a the 38.2% retracement of the 2023 December advance at 1.4176- Looking for possible price inflection off this mark.
Resistance now back at the 38.2% retracement of the recent decline at 1.4396. Rallies should be capped by this level IF price is heading lower on this stretch. Ultimately, a close above the 75% parallel is needed to threaten uptrend resumption towards key resistance at 1.4538/47.
A break / close below the median-line would suggest a more significant high was registered this month / a larger trend reversal is underway. Subsequent support at the 2016 high-week close (HWC) at 1.4115 and 1.3985.
-MB
Could the price bounce from here?AUD/JPY is falling towards the support level which is a pullback support that is slightly below the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 95.69
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
Stop loss: 95.06
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 96.62
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.
Nature TheoryNature means characteristics of Price action, price action is typically either impulsive or corrective in nature.
