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EURUSD – Is the market gathering strength for a breakout upward?EURUSD continues to move within a well-defined ascending price channel, forming consistently higher highs — a clear sign that buyers still hold the momentum. After a confident breakout above the 1.148–1.150 zone, the price is now consolidating near support and the trendline, as if “building energy” for the next bullish push. The nearest targets lie at 1.15659, and if a breakout occurs, the 1.17010 zone comes into focus. Technically: EMA34 and EMA89 are pointing upward — the medium-term structure remains solid, and the trend is intact. If the price bounces off the trendline again, it would signal a strong continuation of the bullish move. Supporting news backdrop: The U.S. Flash Manufacturing PMI is forecasted at 49.0 — lower than the previous 50.2 → this signals growing risks of economic slowdown → adds pressure on the USD → strengthens demand for EURUSD as an alternative.
Long
by Zilka_
THOUGHTS ON THE GBP/USD MARKETGBP/USD 1H - Yes we are wanting to see weakness in the USD this week, however price may trade us lower initially to clear the orders fully before the move higher. We have seen that price has broken structure fractally on the 30M timeframes, again this could be short lived and this could be just to clear the inefficient structure before taking us higher again, missing the zone we have marked out below. This is why it is important that with every trade we place we wait for relevant confirmation before entering to avoid getting caught out. I will be waiting for price to trade us up and breaking structure fractally before I look to take the market short. Even then it will only be an intraday/day trade, one that I will look to close by the end of week. I will keep you all posted with anything I do on this pair. SIT ON YOUR HANDS AND WAIT!
Short
by Lukegforex
Watch This Wedge! AUDNZD Primed for Upside PushThe AUDNZD pair forms a falling wedge pattern, a bullish reversal formation that typically occurs after a downtrend. The price action is being squeezed between a descending resistance line and a descending support line, creating a narrowing range. The market is now attempting to break out of the wedge, with the current price testing the resistance line. A breakout and close above this trendline would signal bullish strength and could lead to a reversal of the recent downtrend. Targets: TP1: 1.07605 TP2: 1.07922 Stop Loss: Below the recent low at 1.06542
by Money_Dictators
AUDUSD SELL TRADE PLAN ## 🔥 AUD/USD TRADE PLAN 🔥 📅 **Date**: April 22, 2025 🆔 **PLAN ID**: AU22APR25-ID 🔒 **Format**: Institutional 0.001% Precision --- ### **Trade Plan Overview** | Plan ID | Type | Direction | Confidence | R:R | Status | |---------------|-----------|-----------|------------|------|------------------| | AU22APR25-ID | Intra-Day | Sell | ⭐⭐⭐⭐ 85% | 2.5:1| Awaiting Conf. | **Guidance**: Tactical bearish Intra-Day continuation within H4 exhaustion and D1 rejection zone. Strong short-term downside interest. Monitor London/NY session for entry. --- ### 🔻 Primary Trade Plan: Intra-Day – Continuation (Sell) 📈 **Market Bias & Trade Type** - **Bias**: Bearish 📉 - **Trade Type**: Continuation (Intra-Day) 🔰 **Confidence Level** ⭐⭐⭐⭐ (85%) **Reason**: - H1 BOS + OB rejection near 0.6435 - 50%–61.8% Fib pullback into OB - Volume spike at lower high - Sentiment Score: +7/10 (Retail 72% long AUD/USD, USD strength from DXY) - D1 rejection from previous structural highs - H4 signs of exhaustion after impulse **Breakdown**: OB 30%, Fib 20%, Sentiment 17%, Volume 13%, USD strength 5% 📌 **Status**: Price approaching zone (~0.6395); waiting for rejection pattern. --- 📍 **Entry Zones** 🟥 **Primary Sell Zone**: **0.6415 – 0.6435** (H1 OB + Fib zone) 🟧 **Secondary Sell Zone**: **0.6440 – 0.6450** (H1 FVG, liquidity grab above highs) --- ❗ **Stop Loss** **0.6460** (Above OB wick + 1x H1 ATR, 65 pips risk) 🎯 **Take Profit Targets** 🥇 **TP1**: 0.6380 (35 pips, 1:0.5 R:R, minor reaction zone) 🥈 **TP2**: 0.6350 (85 pips, 1:1.3 R:R, clean liquidity pool) 🥉 **TP3**: 0.6300 (135 pips, 2.5:1 R:R, prior swing low – optional) 📏 **Risk:Reward** TP2: 1.3:1 TP3: 2.5:1 --- 🧠 **Management Strategy** - **Risk**: 0.5% of $10,000 ($50, ~0.12 lots) - SL to breakeven +10 pips after TP1 - TP1: 70% partial - TP2: 30% partial - TP3: Optional trail if risk-off momentum increases - **Exit**: Invalidate if H1 bullish BOS or major USD weakness - **Total Portfolio Risk**: 0.5% of 2% total --- ⚠️ **Confirmation Criteria** - H1 bearish engulfing / pin bar in zone - Volume spike (M30) - Optional: RSI divergence (M30) - **Best Entry**: London or NY open (2–5 AM or 8–11 AM PDT) - **Avoid**: Risk events (FOMC April 23) --- ⏳ **Validity** H1 plan: Valid for next 12–18 hours (expires April 23, 2025, 1 PM PDT) ❌ **Invalidation** Close above 0.6460, bullish H1 BOS, or strong risk-on surge --- 🌐 **Fundamental & Sentiment Snapshot** - **COT**: USD positioning stable - **DXY**: Bullish continuation above 106.20 - **Retail Sentiment**: 72% long AUD/USD (contrarian bearish) - **Cross-Pair**: NZD/USD and GBP/USD showing similar rejection - **Cross-Market**: S&P 500 stalling, VIX holding above 20 = risk-off - **Macro**: FOMC risk ahead, USD demand increasing - **Sentiment Score**: +7/10 - **Historical**: H1 OB continuation setup = 78% win rate --- 📋 **Final Trade Summary** Intra-Day bearish continuation from 0.6415–0.6435 zone, targeting recent reaction lows. Aligned with D1 rejection and H4 slowdown. Enter only with clean H1 rejection, preferably during London/NY session. ---
Short
by jibkhan111
AUDUSD INTRADAY Bullish breakout supported at 0.6355AUDUSD maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation. Key Support Level: 0.6355 – previous consolidation range and pivotal support Upside Targets: 0.6470 – initial resistance 0.6500 and 0.6550 – extended bullish targets on higher timeframes A bullish breakout from 0.6355 would suggest continuation of the uptrend, confirming buying momentum. However, a decisive reversal and daily close below 0.6355 would invalidate the bullish structure, opening the door for further retracement toward 0.6310, with additional support at 0.6235 and 0.6195. Conclusion AUDUSD remains bullish above 0.6355. A bounce from this level supports further gains. Traders should watch for confirmation signals before positioning for the next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Bearish drop?EUR/NZD has rejected off the pivot and could drop tothe 1st support. Pivot: 1.92325 1st Support: 1.88101 1st Resistance: 1.93451 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.
Short
by ICmarkets
EUR/USD Bearish Setup Unfolding Below Key Resistance📊 Technical Analysis of EUR/USD (4H Chart) 🧭 Chart Overview: Current Price: ~1.1350 Indicators Used: EMA 50 (Red): ~1.1311 — acting as dynamic support. EMA 200 (Blue): ~1.1114 — aligns closely with major support zone. 📌 Key Levels: 🔼 Main Resistance Zone: 1.1375 – 1.1400 Price has tested this zone multiple times, forming a potential double top pattern. Strong bearish pressure observed each time price enters this area. 🔁 Minor Resistance (Retest Zone): ~1.1325 – 1.1345 Currently acting as a decision zone. If price fails to hold above this level, it could turn into resistance on the next bearish leg. 🔽 Support Zone: 1.1100 – 1.1130 Converges with EMA 200 — making it a high-probability demand zone. Potential target for the anticipated drop. 🧠 Price Action & Structure: Market showed a strong bullish rally previously, breaking through resistance levels. Now showing signs of exhaustion at the top. Bearish scenario projected with a lower high forming below the main resistance, followed by a sell-off toward the support zone. ⚙️ Possible Scenarios: Bearish Scenario (High Probability): Price rejects the minor resistance → breaks below EMA 50 → continues lower to support. Target: 1.1110 area. Bullish Scenario (Low Probability): Price reclaims and closes above 1.1375 with strong momentum. Potential breakout and continuation toward 1.1450+. 🧩 Confluences Supporting Bearish Bias: Lower high formation potential. EMA 50 starting to flatten. Failure to maintain momentum above main resistance. Clean drop path toward 1.1110 if support breaks. 📉 Conclusion: This setup favors short-term bearish movement, particularly if the price rejects around the 1.1345 level again. A breakdown below the minor resistance zone would likely trigger a sell-off toward the 1.1110 support, in line with the 200 EMA.
Short
by MrStellanSight
AUDUSD Is Bearish! Sell! Please, check our technical outlook for AUDUSD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.642. Considering the today's price action, probabilities will be high to see a movement to 0.640. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Bullish bounce?USD/ZAR is falling towards the pivot and could bounce to the 1st resistance. Pivot: 18.42633 1st Support: 18.12402 1st Resistance: 18.77859 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
LOOKING TO TAKE THIS MARKET LONGGBP/JPY 1H - I am looking to take this market long as well, I am expecting weakness in the dollar this week and this market backs my thoughts based on the fundamentals. We have seen that price has come to trade back into this area of Demand and in doing so has provided us with the potential means to get involved with some long trades. In order for me to take part in this market long though I want to get involved with a refined entry, I have gone ahead and set an alert just above zone price has traded into recently and one above the zone lower. I want to see price either correct itself fractally now, trading down to clear the FVG or lower down and into the large Demand Zone I have marked out for us. I will update you all when I have something.
Long
by Lukegforex
EURGBP INTRADAY supported at 0.8520EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation. Key Support Level: 0.8525 – previous consolidation range and pivotal support Upside Targets: 0.8736 – initial resistance 0.8787 and 0.8900 – extended bullish targets on higher timeframes A bullish reversal from 0.8525 would suggest continuation of the uptrend, confirming buying momentum. However, a decisive break and daily close below 0.8525 would invalidate the bullish structure, opening the door for further retracement toward 0.8460, with additional support at 0.8370 and 0.8300. Conclusion EUR/GBP remains bullish above 0.8525. A bounce from this level supports further gains. Traders should watch for confirmation signals before positioning for the next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation