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EURAUD Range Shift Ends with Support BreakdownEURAUD was moving upward and experienced a Range Shift, where the support level gradually moved higher. However, after repeated tests, the support level failed, and the price broke below it, indicating weakness in buying pressure. Now that the support is broken, it has turned into resistance. Before continuing downward, the price might retrace back up to test this new resistance level. If the test is successful, meaning the price rejects and fails to move above, it signals further downside movement.
Short
by FXTradingAnalysis
EURNZD -Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: While the price is above the support 1.82059, resumption of uptrend is expected. We make sure when the resistance at 1.85400 breaks. If the support at 1.82059 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The ascending flag taking shape suggests we will soon see another leg higher. While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 1.85400 on 12/27/2024, so more losses minimum to Major Support (1.82059) is expected. Relative strength index (RSI) is 43. Supports and Resistances: 1.87650 1.85400 1.82059 1.78251 1.76500 1.74929 1.73804 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
by ForecastCity
10
NZD/USD - Bullish Engulfing at Support for Long Entry📈 Trade Idea: Long NZD/USD Analysis: Price formed a bullish engulfing candle at the 0.5700 key support level, signaling strong buying pressure. This level previously acted as resistance and has now turned into support, confirming a potential continuation of the uptrend. Trade Plan (Based on Chart Setup): 🔹 Entry: 0.5714 (bullish engulfing confirmation) 🔹 Stop Loss: 0.5694 (below structure, invalidates setup) 🔹 Take Profit: 0.5775 (next resistance zone) Why this trade? ✔️ Bullish engulfing pattern at key support ✔️ Break-and-retest confirmation of previous resistance as support ✔️ Strong uptrend continuation setup 📌 Looking for price to stay above 0.5700 to maintain bullish bias.
Long
by riojulianprt62512
GBPJPY ShortGBP/JPY - Support Turned Resistance Short Setup 📉 Trade Idea: Short GBP/JPY Analysis: The previous support level around 192.05 has now turned into resistance. Price attempted to break above but failed, indicating potential downside pressure. This aligns with a classic support-turned-resistance setup, where sellers step in after a retest. Trade Plan: 🔹 Entry: Sell at 191.416 (At candle low) 🔹 Stop Loss: Above 191.900 (Body's High) 🔹 Take Profit: 190.448 (2RR) Additional Confirmation: 🔹 Bearish rejection at resistance 🔹 Momentum shifting lower on lower timeframes 🔹 Potential continuation of the downtrend
Short
by riojulianprt62512
EUR/GBP Technical Analysis: Bullish Rebound from Key Support!!Key Observations: 1. Support Zone & Trendline: A support zone (marked in red) is visible, which aligns with a rising trendline. The price has tested this area and bounced upwards, suggesting demand at this level. 2. Bullish Rejection & Confirmation: The recent price action shows rejection of lower prices within the support zone. A bullish candle has emerged after the price tested this zone, hinting at potential upside momentum. 3. Moving Average Resistance: The 200-day EMA (Exponential Moving Average) at 0.84058 acts as a significant resistance level. If the price sustains above the trendline and support zone, a potential retest of the 200 EMA is likely. 4. Price Target & Direction: The blue arrow suggests an expected bullish move. The immediate target is around 0.8400 - 0.8450, where the 200 EMA and previous price action resistance exist. Conclusion & Trading Plan: Bullish Bias: As long as the price holds above the trendline and support zone, further upside is favored. Breakout Confirmation: A daily close above 0.8350 could further confirm bullish momentum. Bearish Scenario: If the price breaks below the trendline and support zone, it could trigger a bearish move toward 0.8250.
Long
by MrStellanSight
2
ANALYSIS OF USDCHFTECHNICAL VIEW: From technical standpoint, USDCHF is currently resisted around 0.9055 with investors currently waiting for the next catalyst to drive prices. On the economic calendar, the FOMC meeting would be on the wire later today by 11pm, with fresh insight into Fed’s policy stance. A hawkish tone would likely strengthen the USD and if that be the case, analyst expects the resistance to be broken with potential target around 0.9078. Conversely, a dovish stance from the Fed’s minute would likely cause the pair to tank with potential target to the downside around the major support zone of 0.8986 but the psychological level of 0.9000 would likely be respected before further decline. KEY LEVELS FOR THE WEEK: For the rest of the week, if the bullish momentum is sustained given the data from economic calendar and market sentiments, analyst predicts the resistance levels around 0.9078 and 0.9150 to be respected. Meanwhile the place of retracement and further breakout of these levels are not ruled out. Conversely, if the bears take the center stage, then analyst expects 0.8972 and 0.8921 to be respected with potential retracement in view. Whereas further breakout of these levels isn’t ruled out. UPCOMING CATALYST: From economic standpoint, below are major events that has the tendency to cause market volatility starting from tonight at 11:00 PM GMT+4, the FOMC minutes release will offer fresh insights into the Fed’s policy stance. Then on Thursday by 5:30 PM GMT+4, the US weekly jobless claims report would be on the wire, followed by the manufacturing index and crude oil inventories later in the day. Then to wrap up for the week, on Friday by 5:30 PM GMT+4 Canada’s core retail and retail sales data takes the spotlight. Later by 9:30 PM GMT+4: the US releases PMIs and housing data, followed by a speech from the Bank of Canada Governor, with key insights on the economic outlook. These speech and data points has the tendency to cause volatility with potential rewards and risk too.
by CFI
EURNZD Sellers In Panic! BUY! My dear subscribers, EURNZD looks like it will make a good move, and here are the details: The market is trading on 1.8256 pivot level. Bias - Bullish My Stop Loss - 1.8217 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.8329 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPCAD The Target Is DOWN! SELL! My dear followers, I analysed this chart on GBPCAD and concluded the following: The market is trading on 1.7876 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.7781 Safe Stop Loss - 1.7924 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
3
EURAUD Massive Long! BUY! My dear friends, EURAUD looks like it will make a good move, and here are the details: The market is trading on 1.6425 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.6503 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
UPDATE ON EUR/USDEUR/USD 1H - As you can see price clearly didn't need the Supply to the upside in order to carry on this journey correcting price lower. This isn't an issue for us it just means we wait for the right buy opportunity now to present itself. I want to see price come to clear the Demand Zone below and from there offer us the chance to get involved in this market in some long positions. In order for us to deem a valid entry we will need to see price clear the zone and break structure to the upside. A break in structure to the upside will confirm the end of the correction and the start of the next wave trading this market higher, once we have that fractal break to the upside we can then prepare for the long position. When we look to place the long position we will stick our SL below the zone we get involved from and our TP will be set just below the last higher timeframe high thats been set in the market.
Long
by Lukegforex