EURCADPrice looks like its near a support zone dating back to around mid March of this year. Price has recently been rising on decreasing volume. Since price broke the previous high of mid March, price is trading sideways as well. Looking for a retracement for price to reach the target zone on the chart.
EUR
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.1268
1st Support: 1.1088
1st Resistance: 1.1369
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?EUR/USD has reacted off the support level which is a pullback support and could potentially drop from this level to our take profit.
Entry: 1.1274
Why we like it:
There is a pullback support level.
Stop loss: 1.1373
Why we like it:
There is a pullback resistance level.
Take profit: 1.1106
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.
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EURJPY Forms Ascending Wedge Near Key ResistanceEURJPY price action is contracting as it approaches the 165 resistance level. The newly formed wedge-like pattern could be an early sign that bulls are starting to lose control. Asian currencies have begun gaining strength recently, and the Taiwan dollar’s surprise move is just one example of this trend.
At the same time, USDJPY is testing a major broken trendline (see our earlier post linked below). If USDJPY gets rejected at this level while EURUSD got rejected as well from the resistance around 1.1275, there is a strong chance that EURJPY could break out of the ascending wedge pattern to the downside.
In that scenario, the first strong target would be the 160 level, followed by a potential move toward the major 155 support, depending on broader market conditions.
EURUSD:
USDJPY:
Pullback or Recovery? All Eyes on ECB and Inflation CluesEUR/USD – Pullback or Recovery? All Eyes on ECB and Inflation Clues
Hey traders! 👋
After a tough drop earlier this week, EUR/USD is now finding its feet again near the 1.1240 area. We’re seeing some early bullish signs, but the bigger question is: Is this just a pullback or the start of a stronger recovery?
🔎 What’s going on?
Today, ECB’s Šimkus came out with some pretty dovish comments:
He warned that Eurozone inflation depends a lot on how the EU responds to trade policies from the US.
There's pressure to cut interest rates as soon as June, but it’s still unclear whether they’ll follow up again in July or September.
Growth risks remain due to geopolitics and Chinese goods flowing into Europe.
These hints of a possible rate cut added more weight on the Euro. But at the same time, we’re seeing buyers step in around key support zones, so price action could get interesting soon.
🧭 Key Levels to Watch
Resistance:
1.1278 – First level to break for bulls
1.1301 – Near-term resistance
1.1325 & 1.1353 – Highs to watch if momentum builds
Support:
1.1240 – Holding well so far
1.1198 – Key BUY zone
1.1160 – Last line of defence for bulls
🧠 Trade Plan for Today (May 9th)
✅ BUY IDEA:
Buy Zone: 1.1198
SL: 1.1138
TP Targets:
→ 1.1235
→ 1.1285
→ 1.1325
❌ SELL IDEA:
Sell Zone: 1.1301
SL: 1.1360
TP Targets:
→ 1.1265
→ 1.1225
→ 1.1185
📌 Final Thoughts
The pair is still inside a downward channel, so we need to be flexible. If EUR/USD breaks and holds above 1.1300, bulls could take control. But if it fails, we might see another dip back toward the lower range.
Keep an eye on macro data next week – especially inflation figures and any fresh ECB signals.
👉 Stay patient, trade your zones, and don’t chase! Let the setup come to you.
Good luck! 🚀
Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.1338
1st Support: 1.1274
1st Resistance: 1.1376
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURUSD: Bullish trend intact unless this pattern breaks.EURUSD remains marginally bullish on its 1D technical outlook (RSI = 56.708, MACD = 0.008, ADX = 33.048) as in spite of correction of the last 2 weeks, the Bullish Megaphone remains intact with the price almost on its bottom. This maintains the bullish trend for at least another +7.80% bullish wave (TP = 1.21450). If the Megaphone breaks, the pattern and thus the trade are negated, and the trend turns bearish aiming at the 1D MA50, so the risk of going long now is very low.
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Bearish drop?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.1425
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 1.1533
Why we like it:
There is a pullback resistance level.
Take profit: 1.1267
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURAUD - Overall Bearish Medium-Term!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURAUD has been overall bearish trading within the falling wedge pattern marked in red.
Moreover, the green zone is a strong structure and resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and resistance.
📚 As per my trading style:
As #EURAUD retests the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURO - Price can start fall to support line of pennant patternHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price traded inside triangle, where it declined below $1.1310 level, but then made upward umpulse.
Price exited from triangle pattern and broke the $1.1425 level, after which it entered to pennant pattern.
In pennant, Euro reached the resistance line, after which it turned around and in a short time declined to the $1.1310 level, breaking $1.1425
Then the price some time traded between these two levels and later dropped to the support line of the pennant.
But recently it backed up and now traded very close to resistance line of pennant, so, I think it can rise a little.
After this movement, in my opinion, Euro can start to decline to $1.1300 support line of pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
LONG EUR/SGD Investment Opportunity
Entry: 1.46708 Take Profit (TP): +1.33% Stop Loss (SL): -0.86%
📊 Market Overview
EUR/SGD is in a strategic zone, with an entry level set at 1.46708, an area that could act as a key support. The idea of this LONG trade is based on a possible resumption of the trend, taking advantage of a bullish movement in case of confirmation of the momentum.
🔍 Technical Analysis
Key Support: The price has tested the entry level several times, suggesting a potential base for a restart.
Resistance: The TP target implies a movement of +1.33%, indicating a possible breakout to new highs.
Stop Loss: The protection set at -0.86% helps manage the risk and minimize any losses.
📈 Risk Management
Capital management is crucial. With a Stop Loss of 0.86%, the risk is well calibrated against the potential gain of 1.33%, maintaining a positive risk/reward ratio.
🔥 Conclusion
If the price confirms the support and shows signs of strength, this LONG strategy on EUR/SGD could generate a favorable opportunity. However, it is always essential to monitor the market conditions and adjust the strategy if necessary.
EURUSD update 7.05.2025Short-term growth to the resistance zone (~1.1400-1.1420),
Then, there was a reversal and impulsive fall—a break of support, further decline to levels below 1.1200, possibly to a Value Area Low.
Conclusion:
This is a bearish scenario, with a trap for longists at the resistance area and an emphasis on liquidity capture under support levels.
Best regards, EXCAVO
_____________________
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.1424
1st Support: 1.1268
1st Resistance: 1.1484
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURAUD forming a bottom?EURAUD - 24h expiry
The primary trend remains bullish.
The selloff has posted an exhaustion count on the daily chart.
Preferred trade is to buy on dips.
Setbacks should be limited to yesterday's low.
Bespoke support is located at 1.7500.
We look to Buy at 1.7500 (stop at 1.7440)
Our profit targets will be 1.7740 and 1.7815
Resistance: 1.7600 / 1.7700 / 1.7750
Support: 1.7470 / 1.7420 / 1.7380
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURAUD | 4H | SWING TRADINGHey there;
Traders, your likes are always my biggest source of motivation for me to share analysis. For this reason, I would like to ask each and every one of my followers; please do not miss your likes.
I sincerely thank everyone who supports me with their likes.
SIGNAL ALERT
BUY LIMIT ORDER ( EURAUD ) 1,74560
🟢TP1:1,75388
🟢TP2:1,77709
🟢TP3:1,81747
🔴SL:1,71135
RR / 2,00
EUR/GBP Wedge Breakout (06.05.2025)The EUR/GBP Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 0.8476
2nd Support – 0.8463
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
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EURNZD - Strong Intersection!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURNZD has been in a correction phase trading within the falling red channel and it is currently retesting the lower bound of the bullish channel marked in blue.
Moreover, the green zone is a strong structure and support zone.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower blue and red trendlines acting as non-horizontal support.
📚 As per my trading style:
As #EURNZD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Could the price bounce from here?EUR/JPY is reacting offf the pivot and could bounce to the 1st resistance that lines up with the 50% Fibonacci retracement.
Pivot: 162.59
1st Support: 161.78
1st Resistance: 163.62
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce off pullback support?EUR/AUD is falling towards the pivot which is a pullback support that lines up with the 61.8% Fibonacci projection and could bounce to the 1st resistance.
Pivot: 1.73946
1st Support: 1.71232
1st Resistance: 1.76821
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?EUR/CAD has reacted off the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 1.57044
1st Support: 1.54315
1st Resistance: 1.57990
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop off pullback resistance?EUR/CAD is reacting off the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.56797
Why we like it:
There is a pullback resistance level that line sup with the 38.2% Fibonacci retracement.
Stop loss: 1.58016
Why we like it:
There is a pullback resistance level.
Take profit: 1.54362
Why we like it:
There is a pullback support level that aligns with the 100% Fibonacci projection.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURNZD to find buyers at the current market price?EURNZD - 24h expiry
Offers ample risk/reward to buy at the market.
Buying posted close to the previous low of 1.8911.
1.8911 has been pivotal.
A Morning Doji Star formation has been posted at the low.
Price action continued to range between key support & resistance (1.9000 - 1.9250) and we expect this to continue.
Daily signals are mildly bullish.
We look to Buy at 1.8957 (stop at 1.8875)
Our profit targets will be 1.9205 and 1.9265
Resistance: 1.9047 / 1.9147 / 1.9265
Support: 1.8911 / 1.8850 / 1.8800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.