EUR/NZD has been in an uptrend for quite a while now and we can see a small downtrend form on the 1HR timeframe. Waiting to see how price reacts to the trendline and the support/resistance zone drawn around the 1.9000 psychological price area. Looking for potential sells if we get a good rejection from the area as well as the trend line and could look for potential long term swing targets. DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
This is a 4-hour chart of GBP/USD showing a technical analysis setup. Here’s a breakdown of the key elements: 1. Current Price & Trend: GBP/USD is trading around 1.29291. The price action suggests an uptrend, but there are signs of potential weakness or reversal. 2. Support & Resistance Zones: Resistance Zone: The green box around 1.3000 suggests a potential supply area where sellers may step in. Support Zones: Around 1.2650-1.2700 (mid-level marked by a pink box). A major support level is identified near 1.2450 (white line), which the blue arrow is pointing toward. 3. Possible Price Movement: If GBP/USD faces resistance near 1.3000, a bearish rejection could lead to a drop toward the 1.2650 support area. If further bearish pressure persists, a move toward 1.2450 is possible. However, if the price holds above the resistance zone and breaks higher, it could continue its bullish trend. 4. Trading Outlook: A short (sell) position may be considered if rejection occurs at resistance, with targets around 1.2650 and 1.2450. A long (buy) position could be considered if the price breaks above 1.3000 with strong momentum.
The USDJPY pair is currently on a down trend on daily time frame . On one hand, it’s trading within a descending channel, indicating a strong bearish structure, with a potential target of 145.200 . The price has broken below a key support zone and may pull back for a potential retest.
DXY has been on a bearish movement since December, heading to the strong resistance of monthly and weekly timeframe. Currently trapped inside 4hours consolidation zone, if we see breakout to the down side, this will be continuation of the down movement to the monthly resistance before the new uptrend will start. But if the breakout is to the upside, meaning there will be a short bullish movement before another strong fall DXY. this will help to know what Gold and other USD pair is about to do in our analysis. What is your view? comment below.
Very likely to sweep the low into the OTE + VAL. It will be the ideal scenario though. LTF structure shift after the sweep of low and I'll be a buyer.
Looking at the pattern / structure being carved out, I believe we need another slight low for this part of the pattern to be considered complete. We also have yet to hit the red 1.0 ($0.33 cents away) and are just shy of tagging the white 1.618 @ $207.76. This technically isn't required, but in my experience, far more times than not, a=c. We could always extend down to the red 1.618 @ $182.21, but I do not find that likely at this juncture. I find it far more likely we get the slight OML and then begin moving higher in minor wave B. Should price decide it does want to extend out, the next fib lower I would want to be watching is the red 1.382 @ $192.09. The next target higher for minor B, should be in the $240-$250 range. Should it extend down to the 1.382, that will lower the target for B by about $10. Hopefully this week we can kick off minor B.
CADCHF Daily: with the oil price not showing a strong recovery among other issues with the Trump's tariffs on Canadian products I am expecting a rejection on Fibo(61) at 0.61850 level confluence with 0.61907 previous Support level.
eqh , previous week closed with hotw/lotw smt dxy continuation of lower pricing in dxy , keeping eu gu bullish trend alive
All our trades from last weeks are still going on well and in good profit too. But they haven't given me what I want. They are all still valid. Especially the CADCHF buy and USDCAD sell. If you're not in yet, look for an opportunity to enter them as the moves will be massive. I will post if I see another entry on them. Regarding EURGBP, I think it is ready to sell again. I've been waiting for it. Let's ride it down. If you dont trade it directly, this means you should focus on buying more GBPUSD instead of EUR as it will move more or sell EUR instead of GBP as it will fall more freely ie assuming we are right. But we will be... TP1= 0.83600 TP2= 0.83000 TP3= 0.82000 Trade accordingly
EUR/AUD looks heavy and vulnerable to downside following Friday’s bearish engulfing candle, leaving the price teetering just above 1.7184—the blow-off top high from August last year. A break below 1.7184 could encourage bears off the sidelines, creating a setup where shorts may be established beneath the level with stops above for protection. EUR/AUD has tended to stall around big figures during its recent rally, putting 1.7100 and 1.7000 on the radar as initial downside targets. Beyond that, 1.6800 looms, having capped gains in late 2024 and early 2025. RSI (14) is trending lower but remains overbought, suggesting bullish momentum may be starting to wane. MACD has yet to confirm a bearish signal, though it is curling towards the signal line. On the fundamental side, the euro has priced in a lot of good news from recent fiscal and geopolitical developments, raising the bar for further upside. Meanwhile, the Aussie remains suppressed by elevated volatility and concerns over China’s growth trajectory amid escalating U.S.-China trade tensions, limiting its ability to capitalise on recent U.S. dollar weakness. However, if those concerns ease, the Aussie could outperform. That puts today’s policy details from China’s government on boosting consumption in focus. While both the euro and Aussie are heavily tied to China’s economic health, AUD—along with other Asian currencies—stands to benefit more from an improvement in sentiment.