USDCHF 1H forecastWe just finished an impulse up now we can expect a countertrend move to the downside as correction pattern.
Forex market
uptrendConsidering the price behavior in the current support level, there is a possibility of the upward trend continuing. With the breakdown of the green support area, a corrective and downward trend will be possible
uptrendThe price is expected to decline to the support level. Then, if the upward trend continues to the 100% level,
GBPJPY - BullishGBPJPY is Bullish and retraced to 0.618 Fib. We can enter at current levels and place SL below previous low.
GBPUSD SELLGBPUSD is moving on support zone and and made a head shoulder pattern
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range!
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Thank You!
USDCHF LooongThis pair has been forming a strong bullish momentum for the past few weeks, and it had a slight pullback, but I do anticipate that the price might retest the zones at 0.904 and 0.915
Entry point at 0.892, Target 1 at 0.904, Target 2 at 0.915 and SL at 0.884
OPPORTUNITY FOR SELL GBPCADWe have these indicators for SELL opportunity:
- Reflection from the major downtrend line originating from 2005
- Low volume to continue the current direction
- Reflection from the top of the parallel channel
- Return/re-test to 3M + 1M high
We define 3 goals:
TP 1 = 40 pips
TP 2 = 100 pips
TP 3 = 200 pips
GBP/USD: Bearish Momentum Holds Below 1.2500GBP/USD trades around 1.2490, showing weakness for the third consecutive day, with the daily chart indicating a bearish bias within a descending channel. The Federal Reserve cut interest rates by 25 basis points as expected, projecting a 2025 rate of 3.9% (up from 3.4% in September). Powell emphasized caution and a slower path for future rate cuts, while the BoE kept rates steady at 4.75%. The strengthening of the US Dollar has been supported by rising Treasury yields, although improving global risk sentiment might limit further gains. A break below the 1.2450 support could push the price towards 1.2400, while a move above 1.2530 might open the door to a potential test of 1.2600, though this remains unlikely without favorable catalysts.
GBP/JPY Buys, Retesting broken structureGJ retesting previous highs, will be looking for rejections around this area to enter buys.
Next Target for EURUSD
Yesterday, EURUSD reached resistance levels and bounced back.
This is the main direction following the news.
If the previous low is broken, the support levels are 1,0329 and 1,0271.
During periods of lower trading volumes, the price is more likely to continue trading sideways.
In such situations, using the Volatility Trading System will bring the best results!
EURCHF REVERSAL AT 4HTechnically:
EURCHF Printing bearish divergence
EURCHF Break its last higher Low
when it retrace we will take entry
GBPAUD FORECASTThis is another good setup that I look for today! From the higher timeframe this price is likely to have the potential for the sell. Yesterday daily candle gave us a clear picture of where the market is likely to navigate. In the lower timeframe we just look for the areas that have higher chance for us to position ourselves. Let's see how it plays.
USDJPY=SELL STOPUSDJPY=SELL STOP
Dollar-Yen
Sell Stop
From the blue line,
Targets and stop-loss are on the red line.
GBPUSD SELL UPDATE!!!!!Well would you look at that
We have just achieved 1:2 in profits
See you again on the next one
GBPJPY SELL UPDATE!!!!Well would you look at that
We have just achieved 1:2 in profits
See you again on the next one
USD/JPY 4H Timeframe AnalysisUSD/JPY 4H Timeframe Analysis
Trend Analysis:
The USD/JPY pair is currently in an uptrend, having successfully broken key minor resistance levels, including 156.800, which has now turned into support. This break signals the continuation of bullish momentum, confirmed by the formation of higher highs and higher lows. Recently, the pair broke the 157.500 minor resistance, further indicating that buyers have stepped in. The price action is now moving towards the next major resistance level at 160.900.
Additionally, price action has shown signs of manipulation or liquidity grabs at key levels. The price briefly dipped below support, hunting stop losses before reversing direction. This has set up the potential for a continuation of the uptrend, as the market clears out stop losses and accumulates liquidity for the next leg up.
Price Action Expectation:
We are observing liquidity being formed below the 156.800 support level. We are now waiting for a breakout above 157.500 to confirm the continuation of the bullish trend. The plan is to place a buy stop order at 157.690, just above the minor resistance, to enter the market once this level is broken. A stop loss will be placed below the liquidity zone at 156.500, a strategic location to manage risk.
Trade Setup:
Trade Type: Buy Stop
Entry Price: 157.690 (just above the minor resistance after a breakout)
Stop Loss: 156.500 (below the liquidity zone)
Take Profit: 160.900 (next minor resistance level)
Additional Considerations:
The current bullish setup remains valid, but traders should be cautious of any potential reversal signs if the price fails to break above 157.500. If price action shows signs of rejection at these levels, a shift in trend could occur. Monitoring any significant news events or economic releases will also be important to avoid unexpected market moves.
Conclusion:
The USD/JPY pair is showing strong bullish momentum, supported by the technical breakout of key resistance levels. As the price moves toward the next resistance at 160.900, careful risk management is crucial. Traders should be prepared for possible pullbacks or consolidations around key levels while maintaining a focus on trend continuation. Economic events and market sentiment can still influence the strength of the USD against the JPY, so staying alert to these factors is essential.
Downward Pressure Persists as Yen Strengthens on Rate Hike HopeHey Realistic Traders, Will OANDA:CADJPY continue its bearish trend? Let’s Dive In....
In the H4 timeframe, CADJPY has broken out of a distribution phase as it continues to move below the bearish trendline and the EMA-200 line. The pair also formed a Rising Wedge pattern, followed by an impulsive breakout, which strongly indicates the continuation of the prevailing bearish trend.
Further confirming this outlook, the MACD momentum indicator has signaled a bearish crossover, strengthening our bearish hypothesis.
Given these technical factors, we anticipate a potential downward movement toward the nearest historical support area (Target 1) at 105.955. After reaching this level, we foresee a minor correction back to the green zone before the pair resumes its bearish journey to the second target at 104.902.
However, this bearish outlook remains valid only if the price holds resistance below the critical stop-loss level at 108.976.
Fundamental Reason Supporting Yen Strength:
The Bank of Japan (BOJ) is signaling further rate hikes as economic data, including wage growth and inflation, align with its projections. BOJ Governor Kazuo Ueda recently suggested that another rate hike is "nearing," citing steady progress in economic conditions. This hawkish stance further supports the bearish outlook on CADJPY, as a stronger yen typically exerts downward pressure on the pair.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY".
Elliott Wave View: EURUSD Short Term Remains BearishShort Term Elliott Wave view in EURUSD suggests the decline from 9.25.2024 high is in progress as an impulse. Down from 9.25.2024 high, wave 1 ended at 1.076 and wave 2 rally ended at 1.0936. Pair then resumed lower in wave 3 towards 1.033. Corrective rally in wave ended at 1.063 as the 1 hour chart below shows. Pair still needs to break below 1.033 to rule out any double correction possibility. Wave 5 lower is currently in progress with internal subdivision as a 5 waves impulse.
Down from wave 4, wave (i) ended at 1.0539 and rally in wave (ii) ended at 1.0594. Wave (iii) lower ended at 1.0484 and wave (iv) rally ended at 1.0537. Final leg wave (v) ended at 1.045 which completed wave ((i)) in higher degree. Rally in wave ((ii)) ended at 1.0534 and pair has resumed lower again. Down from wave ((ii)), wave (i) ended at 1.0476 and wave (ii) rally ended at 1.0516. Pair resumed lower in wave (iii) towards 1.034 and wave (iv) rally ended at 1.0422. Expect pair to extend lower to end wave (v) of ((iii)), then it should rally in wave ((iv)) before turning lower again. Near term, as far as pivot at 1.063 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
EURNZD-SELL strategy 9 hourly chart GANN SQThe pair starts looking tired and the likely false bull flag pattern, and overbought status, suggests we may see move lower to 1.8330 area short-term.
Strategy SELL range 1.8420-1.8450 and take profit near 1.8334 for now.
Russia after peace: an idea for a moral tradeIf you do forex, there is huge speculation going on against Russia since the Pluto transit occurred. The barbaric world of speculation is currently betting on the total collapse of the Ruble, which has lost yet another key level since the November 22 attacks. The attacks that followed the Ukraine bombing of Russia in Nov 18.
A Russian collapse means a single thing: Nuclear holocaust, which is why it won't happen. And if it does, then money will be the last of your problems.
A long here with a tp at 0.9060 and 0.9534 was a free trade I gave on other platforms. A long for the Ruble if the current 0.95 level holds can lead to higher targets in the mentioned dates. It would be both a smart and morally correct thing to do, in order to fight in GME style those reckless speculators.
