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USD/CHF Ready for 92-Pip Bounce After Double Bottom?USD/CHF has been in a steady downtrend, but recent price action suggests a potential shift. A clear double bottom has formed near the 0.8800 level, hinting at strong buyer interest. The pair is now reacting from the 0.786 Fibonacci zone, and with bullish momentum building, it may target the 1.618 extension around 0.8919—about 92 pips higher. If this breakout sustains, further upside toward 0.8950 and above is possible, but failure to break that level could signal continuation of the broader downtrend. This zone is critical—watch closely.
Long
by ClearTradingMind
2
ETH Eyeing Bullish Targets: $2,244 & $2,380On the 4‑hour chart, ETH appears to be carving out a descending wedge pattern (often a bullish formation) while the RSI is trending upward from oversold territory. Here are the key points to watch: 1.Descending Wedge: - Price has bounced near the lower boundary of the wedge around the mid‑$1,900s. A break above wedge resistance (roughly in the $2,000–$2,050 zone) could trigger accelerated upside. 2.Fibonacci & Price Targets: - Expect 1 (~$2,244): First target aligns with a measured move out of the wedge and a key Fib extension zone. - Expect 2 (~$2,380): Second target corresponds to a higher Fib extension (2.0–2.272), marking a stronger bullish continuation if momentum holds. 3.RSI Confirmation: - The 4‑hour RSI is turning upward, suggesting improving bullish momentum. A sustained move above 50–55 on the RSI would strengthen the case for further upside. 4.Pullback Risk: - If ETH fails to break wedge resistance, it may retest support in the $1,900 area. A close below that could delay or invalidate the bullish setup. Overall, ETH’s structure and momentum suggest a potential move toward $2,244 initially, with a push to $2,380 if buyers maintain control. A break above the wedge and sustained bullish RSI would be the clearest signals for continuation to these higher levels.
BITSTAMP:ETHUSDLong
by ClearTradingMind
EURUSD Consolidates; Watch for a Bearish Pullback After a strong bullish run, EURUSD has shifted into a sideways phase. The double‐tap near 1.0950 hints at fading upward momentum. Multiple quick breakouts above and below the 200‐period moving average confirm choppy market conditions. However, the short‐term technical bias suggests a push lower toward the 1.0840 zone—about 60+ pips from current levels—before the pair finds firmer support. (This is a technical view, not financial advice. Always manage risk accordingly.)
Short
by ClearTradingMind
AUD/CAD’s Breakout Watch: Targeting 0.91431 & 0.91822 AUD/CAD has been consolidating beneath the 0.90900 resistance—also forming a “double top” region on the chart. A solid break above 0.90900 could confirm a bullish breakout, supported by rising trendline structure and Fibonacci retracements (notably around 0.9058–0.9025). If buyers sustain momentum above this breakout zone, look for a move toward Expect Level 1 at 0.91431 (1.618 Fib extension), and potentially Expect Level 2 at 0.91822 (2.0 Fib extension). Should price fail to hold the breakout, however, the broader downtrend and consolidation could resume.
Long
by ClearTradingMind
NZD/USD’s Expanding Triangle Upside: Targeting 0.5728 & 0.5767 NZD/USD appears to be rebounding from the lower boundary of an expanding triangle, indicating a potential bullish continuation. A sustained push above the 0.5650 “reverse level” could drive the pair toward Expect Level 1 (0.5728) and, if momentum persists, Expect Level 2 (0.5767). As long as price holds above the failed-support zone and maintains its upward structure, buyers are likely to keep control, aiming for these key Fibonacci-based targets.
Long
by ClearTradingMind
EUR/USD Bearish Trigger: 1.0400 Break Targets 1.0323 & 1.0270 EUR/USD is hovering around the 1.0400 support—a key level also marking the lower boundary of its recent flat zone. A definitive break below this threshold could trigger a downside continuation, exposing Expect Level 1 (1.0323) and potentially Expect Level 2 (1.0270). Strong resistance near 1.0530 remains intact, reinforcing the bearish bias. As long as price remains below the broken trendline and fails to reclaim the flat-zone highs, sellers appear poised to drive the pair toward these lower Fibonacci-based targets.
Short
by ClearTradingMind
GBP/NZD’s Bullish Rounding Breakout: Targeting 2.2144 & 2.2202The pair appears to be forming a rounded bottom, suggesting a potential bullish continuation. After basing near the 2.1900–2.1950 zone, price has reclaimed key Fibonacci levels (38.2% and 50% retracements), indicating strong buying interest. A sustained break above the 0.786 Fib around 2.2039 sets the stage for an advance toward Expect Level 1 (2.2144) and eventually Expect Level 2 (2.2202). If buyers hold above these Fib supports, the bullish momentum is likely to continue, reinforcing the upside targets on the chart.
Long
by ClearTradingMind
GBP/JPY: Bearish Setup to Expect Levels From the recent price action on the GBP/JPY 1H chart, the pair has shown signs of exhaustion after a corrective pullback into key Fibonacci retracement levels. The latest upswing appears to have found resistance around the 0.786 Fibonacci level (near 191.60–192.00), which suggests limited upside momentum. - Bearish Momentum: The RSI is rolling over from overbought conditions on lower time frames, hinting that sellers are stepping back in. - Fibonacci Confluence: The identified Expect Level 1 (~190.29) and Expect Level 2 (~189.73) coincide with Fibonacci extension targets—an indication that these levels could see a reaction or bounce. - Price Structure: The broader trend on the 1H chart remains to the downside, with lower highs forming since the pair topped earlier in the week. A retest of the 0.786 fib area has fueled sellers to push price lower again. Expectation - A potential breakdown toward 190.29 (Expect Level 1) is likely if the current corrective bounce fails below 192.00. - Further bearish follow-through could drive price down to 189.73 (Expect Level 2), aligning with Fibonacci extensions and support levels.
Short
by ClearTradingMind
AUD/CAD Bearish Sentiment: 0.9240 Key Support Under PressureAUD/CAD remains in a bearish trend, with 0.9240 as a key support level, repeatedly tested and holding strong. The bearish sentiment is driven by contrasting central bank approaches: the Reserve Bank of Australia’s dovish stance aims to support economic recovery, while the Bank of Canada signals potential rate hikes amid stronger economic growth and rising inflation. This divergence in monetary policy strengthens CAD relative to AUD, reinforcing downside pressure on AUD/CAD toward the 0.9240 support level.
Short
by ClearTradingMind
Crude Oil Alert: Potential Price Drop if $66.40 Support BreaksTechnical Analysis: Bearish Indicators for Crude Oil On the 4-hour chart, crude oil has formed a Head and Shoulders pattern, a classic reversal signal indicating potential downward movement. The neckline is established at $66.40 per barrel. A decisive break below this level could trigger further declines, potentially leading to a significant drop in oil prices. Fundamental Factors Reinforcing the Bearish Outlook OPEC's Demand Forecast Reduction: OPEC has revised its global oil demand growth forecasts for 2024 and 2025, citing economic weaknesses in China and India. This marks the fourth consecutive downgrade for 2024, with demand now expected to rise by 1.82 million barrels per day (bpd), down from the previous forecast of 1.93 million bpd. Saudi Arabia's Reduced Supply to China: Saudi Arabia plans to decrease its crude oil supply to China in December to approximately 36.5 million barrels, the lowest since July, due to weakened demand from the world's largest importer. Saudi Aramco's Profit Decline: Saudi Aramco reported a drop in third-quarter profit to $27.56 billion from $32.58 billion a year earlier, attributed to lower oil prices and weak refining margins.
TVC:USOIL
by ClearTradingMind
GBP/CHF Surges as Bank of England Hikes Rates, Eyes 1.14000 Targ Following the Bank of England's decision to raise the Official Bank Rate from 4.75% to 5.00%, GBP/CHF is expected to see bullish momentum. The rate hike reflects a more hawkish stance from the BoE, which could attract investors to the Pound, strengthening it against the Swiss Franc. With this upward pressure, GBP/CHF may continue its bullish trend, targeting the 1.14000 level as a potential resistance. Traders should monitor any follow-up commentary from the BoE for further confirmation of this upward movement.
Long
by ClearTradingMind
USD/CHF Dips: Targeting 0.85735 on Bearish Momentum!The USD/CHF pair is currently experiencing a bearish trend, influenced by recent economic data and broader market sentiment. The ADP Non-Farm Employment Change reported lower-than-expected growth, which signals a potential slowdown in the U.S. economy, adding to the downward pressure on the USD. With an anticipated target level around 0.85735, the pair shows further downside potential if bearish momentum continues. The upcoming U.S. Presidential election and recent economic indicators have increased market caution, impacting USD strength as investors wait for clearer signals regarding future policy direction. In addition, traders should monitor upcoming U.S. data releases, as any surprises may either reinforce or counter the current trend. If no significant support emerges from upcoming data, USD/CHF is likely to continue its downward trajectory towards the expected level at 0.85735.
Short
by ClearTradingMind
1
GBP/CAD Bearish Breakout Expected from RangeGBP/CAD is expected to break out to the downside after a period of ranging market conditions. Despite multiple market data releases, the pair remained unaffected and has shown a consolidation pattern. I believe the ranging phase is over, and GBP/CAD is now beginning a bearish trend. The first target for this move is 1.76450 , with potential for further downside Currently, the RSI is below the oversold level, indicating a possible correction before the breakout continues. I plan to add some positions at this point, and if the RSI impulsively moves up to the 50 level, I will add more positions. Best of luck with this bearish trade!
Short
by ClearTradingMind