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EUR/USD Extends Gains – Will the Uptrend Continue?EUR/USD continues its upward movement, in line with Friday’s trend, confirming our previous predictions and strategy. The pair is trading around 1.0500, with buyers still defending the price channel. Later on Friday, the HCOB Manufacturing and Services PMI data for Germany and the Eurozone will be released. If the data is positive, EUR/USD could continue its bullish momentum, aiming for the upper boundary of the parallel price channel. 💬 What are your thoughts on EUR/USD? Will the bullish trend hold?
Long
by Lana_Scalping
GBP/USD: Distribution Signals a Drop to 1.25GBP/USD appears to be in a distribution phase, struggling to break through resistance around 1.2620. The price has formed multiple rejection points at this level, indicating weakening bullish momentum. The recent lower high, combined with a potential break of the ascending trendline, suggests sellers are regaining control. If price breaches the key support zone, a move towards the 1.2500 region becomes increasingly likely. With a bearish harmonic pattern and liquidity grab indications, GBP/USD could see further downside as selling pressure intensifies.
Short
by BeaucoupPips
EURJPY weakness continues on BoJ rate hike signal The EUR currency further weakened against the JPY earlier today when the BOJ Governor Kazuo Ueda signalled that the central bank stands ready to increase government bond buying if long-term interest rates rise sharply, reiterating the BOJ’s long-standing commitment to supporting stable markets. The EURJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 158.90. An oversold rally from the current levels and a bearish rejection from the 158.90 level could target the downside support at 156.50 followed by 153.30 and 151.00 levels over the longer timeframe. Alternatively, a confirmed breakout above 158.90 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 161.00 resistance followed by 162.10 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
UPDATE ON EUR/USD TRADEEUR/USD 15M - As you can see price is playing out well. It came to trade into the OB we had marked out earlier post fundamental news, cleared the orders and is now trading us lower. You can see that price doing that has set a new Lower High within this new bearish structure, I would like to say that the high set there will now be protected and we should see a continuation in bearish structure moving forward. This trade is running + 34 pips. (+ 3.4%) 3.4RR A big well done to all of you who managed to jump in on this trade, please make sure that you take partials throughout your position and you apply safety measures. If you have any questions with regards to the analysis or the trade itself drop me a message or comment below and I will get back to you as soon as possible.
Short
by Lukegforex
USDCNH Trade Setup - Bearish Target Zones📉 USDCNH Trade Setup - Bearish Target Zones 📉 Price is testing a key level—watching for a move toward 7.248 and potentially 7.240 before the deadline. 🔹 Current Price: 7.256 🔹 Target 1: 7.248 🔹 Target 2: 7.240 🔹 Deadline: Feb 23, 22:00 UTC Will sellers take control and push price lower? Let’s see how it plays out! 🔥 Drop your analysis below! 👇🏼 #USDCNH #ForexTrading #TechnicalAnalysis #PriceAction #TradeSetup #MarketMoves #TradingStrategy
Short
by GlobalHorns
$EURAUD Double Top Breakdown—More Downside Ahead?PEPPERSTONE:EURAUD PEPPERSTONE:EURAUD is now trading below the double top neckline/support , increasing the likelihood of further downside pressure. The default target for this pattern sits at 1.6276, aligning with the 200% Fibonacci extension. At this stage, we are closely watching the 1.6357 support level —a break below this zone could trigger heightened volatility and accelerate selling pressure. If this move materializes , we anticipate the formation of a bullish symmetrical pattern near 1.6235 , converging with the 61.8% Fibonacci retracement level at 1.6286. 📌 Key Levels to Watch: 🔻 1.6357 support—break below may fuel increased downside momentum. 🎯 1.6276 target (200% Fibonacci extension). 🌀 Potential bullish symmetrical pattern near 1.6235. 📊 Major confluence zone at 1.6286 (61.8% Fibonacci retracement). Final Note: We remain neutral for now, but if 1.6357 breaks, the bearish bias may strengthen. Should the bullish symmetrical pattern form, caution will be required in assessing any potential rebound. Happy Trading, André Cardoso Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
Short
by Andre_Cardoso
$GBPUSD Potential Retracement Following Symmetrical AB=CDPEPPERSTONE:USDCAD The pound has just completed the AB=CD pattern on the 4-hour chart, precisely at 1.2671, a level I highlighted back on February 13. With this textbook pattern now fulfilled, a retracement could be in play, potentially sending the pair lower toward key Fibonacci retracement zones below 1.2541. This move also aligns with a possible retest of the broken daily fractal resistance at 1.2550 , a level that played a key role earlier this week. If sellers step in with conviction, the cable could face a broader pullback, but sustained downside pressure will depend on the market’s reaction at these critical support levels. 📉 Key Technical Takeaways: ✅ AB=CD pattern completed at 1.2671, signaling potential exhaustion of bullish momentum. 🔄 Possible retracement targeting Fibonacci levels below 1.2541. ⚠️ 1.2550 daily fractal resistance, which was broken earlier this week, could be retested as new support or fail to hold. Will GBP/USD follow through with a correction, or will buyers defend these zones? Let’s see how this plays out! Drop your thoughts below. 👇 Happy Trading, André Cardoso Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
Short
by Andre_Cardoso
EURNZD Long From SupportHello Traders In This Chart EURNZD 4 HOURLY Forex Forecast By FOREX PLANET today EURNZD analysis 👆 🟢This Chart includes EURNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBPNZD Pushing itself in a buy directionHello Traders In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes GBPNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
USDCAD SELL SETUPSELL Setup – High-Probability Trade (Valid IF price retraces into a premium zone & confirms bearish rejection.) 📌 Key Confluences for Sells: ✔ HTF Bearish Trend Confirmed. ✔ Unmitigated Bearish Order Block (OB) at 1.4250 - 1.4300. ✔ Fair Value Gap (FVG) & Mitigation Zone at 1.4230 - 1.4260. ✔ Premium Zone = Institutional Sell Area. ✔ Next Target = Sell-Side Liquidity Below 1.4150 & 1.4100. ✅ Sell Plan Entry Zone: 1.4230 - 1.4260 (Institutional Supply Zone). Stop Loss (SL): Above 1.4320 (Safe from stop hunts). Take Profits (TPs): TP1: 1.4150 (First Liquidity Pool). TP2: 1.4100 (Major SSL Target). TP3: 1.4050 - 1.4000 (Extended TP). Trade Type: Intraday / Trend Continuation Short. Confidence Level: HIGH (Strong HTF Confluence). 🔹 Execution Strategy: ✔ Option 1: Aggressive Sell → Limit Order at 1.4230 - 1.4260. ✔ Option 2: Confirmation Sell → Wait for bearish BOS under 1.4180, then enter on pullback.
Short
by jibkhan111
GBPUSD UP TRENDGBP/USD Bullish Entry Alert! 1. The GBP/USD pair has consistently followed an uptrend, signaling strong bullish momentum. 2. Now is the perfect time for a bullish entry at 1.25170. 3. The target level is set at 1.31010, presenting a promising profit opportunity. 4. Resistance is observed at 1.33760, a crucial level to watch for further breakout potential. 5. The support line stands firm at 1.21015, acting as a safety net for price pullbacks. 6. The EMA 50 indicator confirms the upward trend, reinforcing the bullish sentiment. 7. The 4-hour time frame shows strong price movement in favor of buyers. 8. Recent price action suggests increased buying pressure near the entry level. 9. A break above 1.31010 could further fuel the bullish rally toward higher highs. 10. If the price retraces, 1.25170 should act as a key re-entry level for bulls. 11. A retest of 1.21015 would indicate a potential shift in trend if broken. 12. Volume analysis supports the idea of strong accumulation by buyers. 13. Traders should monitor momentum indicators for confirmation of sustained bullish movement. 14. Holding above the EMA 50 would keep the bullish scenario intact. 15. A clean break above 1.33760 could push GBP/USD to new yearly highs. 16. Risk management is essential; stop-loss levels should be placed below 1.25170. 17. News and macroeconomic data may influence price fluctuations, so stay updated. 18. Market sentiment favors GBP strength against the USD in the near term. 19. Patience is key—let the price action confirm the bullish move. 20. Trade wisely, and may the trend work in your favor! #GBPUSD #Forex #Trading #BullishTrend
Long
by professionalman088
1
EUR/USD Market Analysis – Bearish Reversal from Key ResistanceThe EUR/USD pair has formed a bearish Bat harmonic pattern , completing near the 0.886 Fibonacci retracement level. Price action has reacted strongly at this resistance, indicating a potential reversal. The first target (T1) is around 1.0394 , while the second target (T2) is near 1.0325 , aligning with key Fibonacci levels. If the resistance holds, a bearish move towards these targets is likely. However, a sustained break above the high may invalidate the bearish setup. Traders should monitor price action closely for confirmation.
Short
by BeaucoupPips
GBPUSD TECHNICAL ANALYSIS SOME TARGET WIN This chart is a GBP/USD (British Pound to US Dollar) 1-hour analysis on FXCM, published on TradingView. Here’s what it indicates: Key Analysis 1. Elliott Wave Theory Applied The chart follows an Elliott Wave pattern, showing a completed five-wave structure at the top. After reaching a peak near 1.26693, the price started a corrective wave down. 2. Bearish Rejection from Resistance The red zone (1.26693 level) represents a strong resistance area where sellers stepped in. The black and blue arrows indicate expected price movement downward. 3. Support and Target Levels Short-term support at 1.26305, already being tested. Major target around 1.25837, which is marked as a potential support zone. Conclusion The chart suggests a bearish outlook for GBP/USD, with an expected drop towards 1.25837, unless buyers regain control at current support levels. If the price stays below 1.26693, further downside is likely.
Short
by DavidHills110
USD/ZAR Buying Opportunity🔹 Entry Zone: Around 18.307 🔹 Take Profit 1: 18.354 🔹 Take Profit 2: 18.390 🔹 Take Profit 3: 18.439 🔹 Stop Loss: Below 18.266 Analysis: USD/ZAR is currently sitting at a strong support level, where price has previously bounced multiple times. This area has shown buying interest, indicating a potential reversal. 🔹 The RSI is oversold, suggesting possible bullish momentum ahead. 🔹 Price is forming a double bottom structure, which often signals a trend reversal. 🔹 If buyers step in at this level, we could see a move towards the next key resistance zones at 18.39 and 18.44. As always, risk management is key—watch for confirmations before entering!
Long
by Charts_M7M