Forex market
AUDJPY Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 91.800 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 91.800 support and resistance area.
Trade safe, Joe.
NZDJPY is Approaching The Daily TrendHey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 86.000 zone, NZDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 86.000 support and resistance area.
Trade safe, Joe.
EURUSD: 4H holding and is pushing for the next High. The EURUSD pair is bullish on its 4H technical outlook (RSI = 58.651, MACD = 0.006, ADX = 20.500) as despite turning sideways since last Friday, the price remains over the 4H MA50 and inside the short term Channel Up. As long as those hold, we anticipate a new bullish wave of at least 5%, like the previous one. Aim for the top of the Channel Up (TP = 1.1800).
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Golden Cross Alert on EUR/USDFor the first time since August, the Euro has printed a Golden Cross — the 50-day moving average (SMA) has just crossed above the 200-day SMA.
This is one of the most well-known technical signals, often interpreted as a bullish shift in trend. Here's why this is worth watching:
✅ Strong momentum leading into the cross
✅ EUR/USD breaking above recent resistance levels
✅ Long-term downtrend possibly reversing
But remember: Golden Crosses don’t guarantee sustained upside. Many are followed by consolidation or even bull traps — volume and confirmation matter!
📈 Could this be the beginning of a bigger move in the Euro? Time to zoom in.
EURCAD Wave Analysis – 17 April 2025- EURCAD reversed from long-term resistance level 1.5840
- Likely to fall to support level 1.5400
EURCAD currency pair recently reversed down from the long-term resistance level 1.5840 (which has been reversing the price from the start of 2020) standing close to the upper daily Bollinger Band and the resistance trendline of the weekly up channel from 2022.
This is the 3rd consecutive failure to break above the major resistance level 1.5840 by this currency pair from the start of this year.
Given the strength of the resistance level 1.5840, overbought weekly Stochastic and the bullish Canadian dollar sentiment seen today, EURCAD currency pair can be expected to fall to the next support level 1.5400.
CADJPY Wave Analysis – 17 April 2025
- CADJPY reversed from key support level 102.00
- Likely to rise to the resistance level 104.00
CADJPY currency pair recently reversed up from the key support level 102.00 (which has been reversing the price since August of 2024) standing close to the lower daily Bollinger Band.
The upward reversal from this support level is likely to form the weekly daily candlesticks reversal pattern Morning Star – a strong buy signal for CADJPY.
Given the strength of the support level 102.00, the CADJPY currency pair can be expected to rise to the next resistance level 104.00.
AUDUSD AUDUSD SELL ANALYSIS UPDATE. 4 HR LOOKING GREAT
For traders who have entered short positions based , derived by the hourly strong resistance level, the 4 hour downtrend, the previous recent lower low, the overbought RSI, and a few other indicators used.
Conversely, while the primary focus is on sell opportunities due to the overarching downtrend, potential long positions would require more significant confirming signals. These confirmations may include [ a break and close above a key resistance level, bullish divergence on a specific indicator, positive fundamentals and a LOCK.
Further detailed analysis and real-time updates are available just send a message or leave a comment!
NZD-CHF Bullish Breakout! Buy!
Hello,Traders!
NZD-CHF made a bullish
Breakout of the key horizontal
Level of 0.4880 which is now
A support and as the breakout
Is confirmed we are locally
Bullish biased and we will
Be expecting further growth
After a potential local pullback
Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP_USD WILL GO UP|LONG|
✅GBP_USD already made a
Retest of the horizontal support
Of 1.3200 and is making a bullish
Rebound so as the pair is in the
Uptrend we are bullish biased
And we will be expecting the
Pair to go further up
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPJPY – Breakout Buy Setup (Macro Alignment)GBPJPY long setup backed by rising LEI, strong macro trend, JPY weakness, and bullish seasonal window approaching after April 24.
Waiting for breakout confirmation above resistance to validate entry.
🧠 Macro + Model Alignment
LEI score rising → 33 (April), macro outlook improving
Exo+LEI = 1153 → strong bullish signal
JPY COT: Overbought → reversal risk
GBP fundamentals outperform JPY across April
Seasonality: GBP bearish till April 24, then bullish into month-end
📌 Best entry window = April 25+
📊 Technical Setup – 1H Chart
Price testing key resistance zone ~190.00
Watching for breakout & candle close above resistance for confirmation
Clear R:R with defined structure zones
📥 Entry: Break and close above 190.284
⛔ Stop Loss: 187.414
🎯 Take Profit: 192.608
🧮 R:R ≈ 1:2+
Confirmation required before entry ✅