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EUR/USD Trend During US Trading Session – Down Then UpEUR/USD news: 🔆EUR/USD remains under pressure near the 1.0500 mark in early European trading on Friday, weighed down by a broad recovery in the US Dollar. Traders are adopting a cautious approach, avoiding new positions on the pair ahead of the release of preliminary PMI reports for both the Eurozone and the US. 🔆Later in the day, S&P Global will release the US Manufacturing and Services PMI data. If the Services PMI surpasses the market forecast of 53, the USD could gain further strength in response. 🔆Additionally, Germany is preparing for its general election to the Bundestag, the lower house of parliament, on February 23. As a result, investors may look to secure profits toward the end of the European session, potentially pushing EUR/USD lower. Personal opinion: 🔆EUR/USD pair will have a pullback after touching the trend line (4H), besides the market will wait for US PMI so there will be little further breakout. Technical analysis: 🔆Based on resistance - support zones and important Fibonacci levels combined with trend lines to come up with a suitable strategy. Plan: 🔆 Price Zone Setup: 👉Sell EUR/USD 1.0490 – 1.0510 ❌SL: 1.0560 | ✅TP: 1.0450– 1.0400 – 1.0334 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
THOUGHTS ON EUR/USDEUR/USD 15M - Looking here we are seeing price distribute and show signs of bearishness trading us lower, giving us the suggestion that price is ready to put in the corrective wave and clear some inefficiency. Once price breaks the last protected low we can safely look to take part in this market, if however price comes to trade into the Supply Zone above before breaking the last low I may be tempted. As it would be allowing us to enter in on this market with a very refined entry, should price trade in and give us the rejection we want I may look to go short from here, setting my SL above the zone itself and my TP just above the last higher timeframe low. I am expecting longer term bullishness for this pair so I feel this correction will be short lived and be done to clear any remaining orders before taking us higher so its important we apply safety measures with running trades.
Short
by Lukegforex
EURJPY What Next? BUY! My dear friends, Please, find my technical outlook for EURJPY below: The price is coiling around a solid key level - 156.81 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 158.63 Safe Stop Loss - 156.08 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
+200 pips Best Level to Short GBPCHF from Resistance🔸Hello traders, let's review the H6 chart for GBPCHF today. Trading near premium prices of the multiweek range, closing in on heavy S/R Currently risk/reward is shifting in bears favor, so it's recommended to look for sell side setups in GBPCHF. 🔸Heavy overhead mirror S/R zone at 1440/1460 expecting reversal from overhead resistance. current bid is 1380so final push required before we can get a decent entry on sell side. 🔸Recommended strategy for GBPCHF traders: short any rips/rallies near S/R 1440/1460 price is currently trading near premium levels and is almost maxed out already, limited upside. TP1 bears 1260 TP2 bears 1230 pips final exit 1230 +200 pips. This is a swing trade setup so naturally will take more time to complete / hit targets. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
27
HelenP. I Euro can break resistance level and continue growHi folks today I'm prepared for you Euro analytics. Looking at the chart, we can see that the price broke through the support level, which aligned with the support zone, and then started to rise. Soon after, it reached the resistance level, which also coincided with a resistance zone, and even managed to break above it, attempting to push higher. However, the momentum faded, and the price reversed, beginning a decline. In a short time, it dropped below the 1.0470 level, breaking through it and forming a strong gap. The price continued to fall, moving below the 1.0315 support level and reaching the trend line. From there, it started to rise again, moving within an upward channel. Inside the channel, the Euro broke back above the 1.0315 level and climbed toward the resistance line. However, before making a fake breakout, it pulled back to the support level, briefly touching the trend line before continuing its upward movement within the channel. Later, the price reached the resistance zone, reversed, and made a small correction. After that, it attempted another move back toward the resistance zone, but recently, it has fallen below it and is now trading very close to this level. In my view, the price may drop to the trend line, which serves as the channel’s support, and then rebound higher, breaking above the resistance level. If that happens, I expect EURUSD to continue its upward movement, so I’ve set my goal at 1.0540. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
USDJPY IN LONG AT 149.50 📢 USD/JPY Bulls Take Charge! 🚀 USD/JPY has entered a strong bullish zone at 149.50, signaling potential upward momentum. Traders should watch for key targets: 🎯 First target: 154.50 🎯 Second target: 156.00 However, keep an eye on resistance and support levels: 🔴 Resistance Zone: 152.00 – A break above this could fuel further gains! 🟢 Support Zone: 149.00 – Holding above this level strengthens the bullish outlook. A strong breakout above 152.00 could confirm the bullish trend, while any dips toward 149.00 may provide buying opportunities. Stay sharp and trade wisely! 📊🔥
Long
by KellyProfessional
Could the Loonie bounce from here?The price is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.4140 1st Support: 1.4073 1st Resistance: 1.4245 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
GBP/JPY 1-Hour Chart Analysis: Bearish Rejection at 200 EMA! 📊 GBP/JPY 1-Hour Chart Analysis 📉 1️⃣ Trend & Key Levels: 📌 Price is testing the 200 EMA (190.674), acting as resistance. 🔻 Recent price action shows a rejection at this level, suggesting bearish pressure. 2️⃣ Trade Setup (Possible Short Position) 💰: Entry: Around 190.354 - 190.674 📍 Stop-Loss: Above 190.972 🚫 Take-Profit Target: Around 188.685 ✅ 3️⃣ RSI Indicator (Momentum Check) 📉: 📊 RSI at 52.47 → Neutral, slightly bullish. 🔥 55.93 level shows price was overbought recently but is cooling down. ✅ Conclusion: 🔴 If price stays below 190.674, expect a drop toward 188.685. 🟢 If price breaks above 190.972, bullish momentum could continue.
Short
by MrStellanSight
GBPUSD H4 | Bearish Drop Based on the H4 chart, the price is approaching our sell entry level at 1.2717, an overlap resistance that aligns close to the 161.8% Fibonacci extension. A rejection at this level could drive prices lower toward our take profit at 1.2624, a pullback support. The stop loss is set at 1.2810, a swing high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM