Hi traders, Recently, Japan released a strong GDP data, showing the resilience of Japan's economic recovery and increasing market expectations for further interest rate hikes by the Bank of Japan. The strong GDP data not only boosted the short-term trend of the yen, but also consolidated the market's confidence in the fundamentals of the Japanese economy. In addition, the interest rate gap between the United States and Japan is gradually narrowing, further boosting demand for the yen. At the same time, the US dollar is generally dragged down by market selling sentiment, and the USD/JPY exchange rate is currently hovering around the 151.80 area, and even hit a nearly 5-day low during the Asian trading session on Monday (February 17). Although the market is concerned that the reciprocal tariff policy implemented by US President Trump may have a certain impact on market sentiment, the overall fundamentals still favor yen bulls. However, although there are bullish factors for the yen on the fundamentals, the US dollar also has some positive support, and the current market is at a critical node where long and short forces are intertwined. Technical analyst interpretation: From a technical point of view, USD/JPY is currently in a key area of long and short game. The current exchange rate fluctuates around 151.80, and the market shows a volatile consolidation trend in the short term, but the overall downward pressure is still obvious. From the support level, the 151.45-151.40 area is regarded as the first key support in the near future. This range is not only a continuation of the previous low, but also has a strong psychological support effect. If the support strength in this area is insufficient, the market is likely to further drop to the 150.95-150.90 area, which is the low area touched at the beginning of this month. In terms of technical graphics, both the daily and 4-hour charts show that after stabilizing near this area many times, there have been repeated declines, indicating that the short-selling force still has the upper hand. Further observing the oscillator indicators, many oscillator indicators on the daily chart remain in the negative range, showing that the overall selling momentum of the market continues. Although there was a short-term buying when the price approached the support, it failed to form an effective absorption, but the downward trend continued. If the support level is continued to be broken, follow-up selling may trigger a short chain reaction, pushing the exchange rate to a lower area quickly. From the perspective of the target, if the price breaks through the 151.45-151.40 area, the next target will be the 150.95-150.90 area, and then the decline may extend to the important psychological level of 150.00, and then test the 149.60-149.55 area, the 149.00 integer, and the 148.65 area near the swing low in December 2024. The distribution of key lows shows that the market has a clear downward path, and the short-selling force is expected to further lower the exchange rate with the loss of key support levels. On the upside, if the USD/JPY tries to rebound and break through the 152.00 level, it will face obvious resistance. The primary resistance is in the 152.70 area, which is exactly where the 200-day moving average is located, and the long-term moving average often has a strong interception effect. Following closely is the 100-day moving average, which is currently roughly in the 153.15 area. Once this moving average is effectively broken, the market may see short-covering, driving a rapid rebound in the exchange rate in the short term. The rebound trend is expected to push USD/JPY above the 154.00 mark and further impact 154.45-154.50, and may eventually test the 154.75-154.80 area near last week's swing high. Overall, USD/JPY is currently at a critical watershed in the battle between longs and shorts from a technical perspective. The current shock consolidation combined with negative oscillator indicators shows obvious downside risks; once the key support level is lost, the short trend may expand rapidly, catalyzing the market into a deep adjustment phase. On the contrary, if the upper resistance can be broken in the short term, it is expected to trigger short-covering and form a short-term rebound. Mr. Baker
I think it's time for the oil price to make a comeback Because it has reacted well to the $70 level again Keep an eye on it
https://www.tradingview.com/x/UY6G0NPu/ Hello, Friends! We are now examining the GBP/USD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.244 level. ✅LIKE AND COMMENT MY IDEAS✅
#ZEC is moving inside a falling wedge on the daily chart. It is on the verge of breaking out above the pattern resistance and the middle line of the Bollinger Bands. In case of a breakout, the targets are: ? $45.42 ? $51.91 ? $58.39 ? $67.61 ? $79.37
Hey Realistic Traders, Is CAPITALCOM:US100 Out of Steam? Let’s Dive Into the Analysis… On the daily timeframe, the Nasdaq remains above the EMA-100, which has served as strong support through multiple successful rebounds. Simultaneously, the price has moved above the bullish trendline, reinforcing the ongoing uptrend. Within wave 4, the price formed a falling wedge pattern, followed by a breakout. This signals the initiation of wave 5, which could potentially extend beyond the length of wave 1, given that wave 3 did not exceed the 1.618 Fibonacci ratio. Meanwhile, the MACD indicator has already formed a bullish crossover, adding further confirmation of a positive outlook for the Nasdaq. Considering these strong technical signals, the price is likely to move upward toward the first target at 23,538 , or potentially the second target at 24,356. However, this bullish scenario depends on the price staying above the critical stop-loss level at 20,833. 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 Nasdaq."
OANDA:EURNZD is approaching a clear support zone, marked by prior bullish reactions and buyer interest. This zone has consistently reversed bearish trends in the past, making it an interesting area to watch. If buyers step in and confirm the support with bullish price action, such as long lower wicks or bullish engulfing patterns, I anticipate a move upward toward 1,83500. But if a break below this zone occurs, it could signal increased selling pressure and invalidate the bullish outlook. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Aggressive: short at 11.5, short at 18-24, stop loss: 7 points for each, or 27. Target: 96-82, continue to reduce holdings if it breaks; ◆Long order◆ Aggressive: long at 78.5, long at 72-66, stop loss: 7 points for each stop loss, or unified stop loss at 62. Target: Continue to reduce the position after breaking through 92-98-06; Target: 92-98-06 breaks the position and continues to reduce the price; Gold still has not shown a good downward trend as we analyzed in the morning. Don’t chase short positions until they are in place; Intraday strategy ideas: Today is Monday, we will consume the weekend news, prevent extreme market conditions, and strictly control positions; most orders have been taken out of the market at present, and continue to short after the European session. The 05 short position should be guaranteed. After the principal is guaranteed, you can enter the short position between 06-08. After the position is broken, just enter the market according to the strategy. Set a stop loss and wait patiently;
FX:EURUSD market has gained bullish momentum. It formed a large bullish candle on the weekly chart that closed above the previous week's high. The price appears to have completed an ABCD pattern, which often precedes a pullback. Consequently, a price dip below Friday's low and potential retest of the previous week high is anticipated. If the price finds support in this area, I think it may continue its upward trajectory, targeting the liquidity zone above the prior resistance. I expect the price move higher considering that TVC:DXY is pushing lower. My goal is resistance zone around 1.05650 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
Crude oil appears to be showing signs of bearish momentum after a failed attempt to break higher. With the price stalling around the $71.00 level, we’re positioning for a short trade targeting a retracement into the low $70s or possibly into the high $69s, where we see potential support levels.
Dieser Neuzugang soll das Drehbuch liefern Das Hin und Her um Die Goonies 2 könnte ein Ende haben. Ein vielversprechendes Update bringt den Film auf Kurs.