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POTENTIAL LONG TRADE SET UP FOR EURUSDAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout. The price has approached the lower bound of a bullish continuation structure on the higher time frame (HTF) with a broadening descending structure on the Mid time frame (MTF). We will now monitor for a bullish impulse and continuation structure to identify a potential entry point for the trade. Expectation: A upward move is expected, with the initial target at 1.08 and subsequently at the top of the HTF bullish continuation structure. ⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
Long
by TheTradingAmbience
EUR/USD Breakout PotentialIt's been a grinding month of February so far but the big takeaway at this point for EUR/USD has been deductive in nature, and that's the fact that sellers haven't been able to break any fresh ground below the January low. Early-Feb saw the threat of tariffs drive a spike-low in the pair, but that held above 1.0200, and then as the tariff threat seemed to recede a bit, EUR/USD pushed up to 1.0500 for two different tests of the big figure. At this point bulls haven't exactly taken over matters, but the slow build of 'less bearish' can then lead into bullish breakouts. In EUR/USD, the Fibonacci retracements produced by the 2021-2022 sell-off, and then the 61.8% bounce from that sell-off, continue to highlight important levels. The 1.0200 level is confluent with the 23.6% retracement of the longer-term move and the 61.8% retracement of the shorter-term move plotting within a single pip of each other. The 50% mark of the shorter-term move from the 2022 low to the 2023 high (which was the 61.8% retracement of the longer-term move) is what helped to hold support last week, after showing as resistance the week before. And sitting overhead is the 1.0611 level, which is confluent as this is the 38.2% retracement of the shorter-term move as well as the 38.2% retracement of the 2022-2023 move. If EUR/USD can push a breakout, that's the next major level of interest. - js
by FOREXcom
USDJPY below psychologically important 150.00 levelThe USDJPY fell below the psychologically important 150.00 level. Markets are pricing in a roughly 84% chance of a 25bps hike at the BoJ July meeting, up from a 70% chance at the start of the month. The USDJPY currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 150.80, which is the current swing high. An oversold rally from the current levels and a bearish rejection from the 150.80 level could target the downside support at 149.20 followed by 147.90 and 147.20 levels over the longer timeframe. Alternatively, a confirmed breakout above 150.80 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 152.30 resistance level followed by 154.40. 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
GBPCAD POSSIBLE SELL?The market is currently testing the current Daily area at the 0.681 Fib level on . Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal. We could see SELLERS coming in strong should the current level hold. Let's see what the upcoming news will tell. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
Short
by WiLLProsperForex
Heading into overlap reistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as an overlap support. Pivot: 1.2719 1st Support: 1.2574 1st Resistance: 1.2812 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 - Trade SetupClean Trade Setup in my own opinion. DAILY - Bearish With the previous market drop failing to take out Liquidity telling me price still needs to hunt for that price We are currently In a Correctional leg before I believe we would look to sell Price currently is in the OTE zone for selling positions meaning im looking for price to make a reaction of a key area or level. I see a clean unmitigated Order Block within a supply zone giving me strong confluence to sell at this level. 100Pip SL for a 370 PIP return Good luck to any traders that might follow
Short
by jamesibartram
USD/CAD Trend During US Trading SessionUSD/CAD news: 🔆The USD/CAD pair rose to 1.4200 during the European session on Friday, after hitting a three-day low of 1.4166. The pair gained momentum as the US dollar recovered, with the US Dollar Index bouncing back near 106.65 after hitting a yearly low of 106.30 the previous day. 🔆However, the greenback's recovery appears to be temporary, as its risk premium eases while investors assess US President Donald Trump's tariff policies 🔆On monetary policy, Federal Reserve officials kept interest rates at current levels, citing uncertainty over Trump's trade and tax plans. 🔆Investors are now awaiting Canada's December Retail Sales data and a speech by BoC Governor Tiff Macklem at an event in Mississauga, Ontario. Personal opinion: 🔆The dollar continues to decline, mainly due to President Trump's unclear tariff policies. Although traders still believe that the Bank of Canada (BoC) will further loosen monetary policy. Technical analysis: 🔆Based on important support - resistance and Fibonacci levels combined with SMA indicator Plan: 🔆 Price Zone Setup: 👉Sell USD/CAD 1.4198 – 1.4215 ❌SL: 1.4255 | ✅TP: 1.4160 – 1.4120 – 1.4080 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
GBPJPY oversold bounce rejectionThe GBPJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 192.60. An oversold rally from the current levels and a bearish rejection from the 192.60 level could target the downside support at 189.60 followed by 188.90 followed by 188.27 and 187.12 levels over the longer timeframe. Alternatively, a confirmed breakout above 192.60 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 194.12 resistance followed by 194.70 levels. 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
NZDUSD Cup Pattern: Bullish Breakout Targeting 0.60NZDUSD is currently trading at 0.57 and forming a classic cup pattern, signaling a potential bullish continuation toward the 0.60 target. The cup pattern is a well-known technical formation that typically indicates a period of accumulation, followed by a breakout to the upside. If the price breaks above the resistance level at the cup’s rim, it could trigger strong buying momentum, pushing NZDUSD higher. From a technical standpoint, the cup pattern suggests that the market has undergone a correction and is now regaining strength. A confirmed breakout above the neckline would validate the bullish setup, with 0.60 as the next major resistance level. Traders should watch for increasing volume and bullish candlestick confirmations to strengthen the breakout scenario. Fundamentally, the New Zealand dollar’s movement depends on risk sentiment, US economic data, and Reserve Bank of New Zealand (RBNZ) policies. If the US dollar weakens due to expectations of Federal Reserve rate cuts or softer economic data, NZDUSD could gain additional upside momentum. Additionally, any hawkish signals from the RBNZ regarding inflation and interest rates could further support the bullish outlook. In summary, NZDUSD is forming a bullish cup pattern, with a potential breakout targeting 0.60. A strong breakout above the resistance could accelerate the bullish move, supported by both technical patterns and fundamental factors. Traders should monitor global risk sentiment, US dollar trends, and RBNZ statements to confirm the momentum shift.
Long
by AndrewsMarket-Mastery
USD/JPY Pain Chainthe USD/JPY pair remains a market that could have implications across other markets, similar to what we saw last summer when the initial stages of the unwinding carry trade drove a global equity sell-off. In that episode USD/JPY lost a little more than 2,000 pips and this caused strong bearish moves in U.S. equities, particularly the high-flying large cap tech that had rallied for so long from the 2022 lows. But at that point cooler heads prevailed and the Bank of Japan suddenly didn't want to hike rates any longer, and as the USD recovered in Q4, so did USD/JPY. Soon, headlines were proclaiming the return of the carry trade but given the continued cutting stance from the FOMC, that argument didn't make much sense. So far in 2025 and as evidence has mounted that the USD may have topped, there's growing fear that another episode of carry unwind may be before us. Last week saw USD/JPY re-test the 150.00 level, and even as Bank of Japan members sounded in no hurry to hike rates, helping to bring a bounce back above 150.00, an abysmal US PMI print brought bears back, leading to another push below 150.00 as a strong sell-off ensued in USD/JPY. And this time equities similarly sold off and this could be highlighting the shared relationship, of the carry trade driving leverage in high-flying names and the unwind of the carry trade coming with a de-leveraging event across global markets. This isn't a foregone conclusion, however, as we've seen Japanese policy makers help to move markets back from the ledge multiple times already. - js
by FOREXcom
Cable a Cleaner Shirt in the Dirty USD Laundry?While EUR/USD continues to battle it out at 1.0500 as it has for a couple of months now, GBP/USD ran up to a fresh two-month-high last week. This could make the pair as possibly more attractive for USD-weakness scenarios given that continued build of higher-highs and lows on the four-hour chart. Price is nearing a support level at the Fibonacci retracement plotted at 1.2619, but realistically bulls just need to hold lows above 1.2563 to retain the sequence of higher-highs and lows. For next resistance overhead, there are Fibonacci levels at 1.2758 and then 1.2811, with that latter price setting the high in December before a strong reversal took over. - js
by FOREXcom
CADJPY Under Pressure! SELL! My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 107.47 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 106.55 My Stop Loss - 108.07 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPCHF sideways consolidation below resistance The GBPCHF currency pair price action sentiment appears neutral, supported by the longer-term prevailing sideways consolidation price range. The key trading level is at 1.1425, current swing high. An overbought pullback from the current levels and a bearish rejection from the 1.1425 level could target the downside support at 1.1310 followed by 1.1245 and 1.1165 levels over the longer timeframe. Alternatively, a confirmed breakout above 1.1425 resistance and a daily close above that level would change the outlook to bullish opening the way for further rallies higher and a retest of 1.1450 resistance followed by 1.1470 and 1.1500 levels. 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