Buy EUR/CAD Bullish ChannelThe EUR/CAD pair on the M30 timeframe presents a potential Buying opportunity due to a a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.4795, This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.4874
2nd Support – 1.4912
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EUR (Euro)
EURCHF - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURCHF has been bearish trading within the falling channel in blue.
Currently, EURCHF is approaching the upper bound of the channel.
Moreover, the red zone is a strong resistance and structure.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the red structure and upper blue trendline.
📚 As per my trading style:
As #EURCHF approaches 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
EURCAD Strong medium-term buy opportunity.The EURCAD pair gave us an excellent sell signal last time (September 12, see chart below) that easily hit our 1.46550 Target:
This time we have a confirmed bottom just a week ago on the 0.786 Channel Fibonacci level, similar to the June 08 2023 bottom, both accompanied by a 1D MACD Bullish Cross.
As a result, we turn bullish on this pair targeting 1.5000, which is just below the 0.236 Channel Fib, similar to the July 18 2023 High.
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EUR/CHF Trade Setup1️⃣ Market Context:
EUR/CHF recently tapped into a supply zone between 0.9330–0.9335, where sellers showed clear dominance. The current structure suggests a bearish bias as the price begins to reject this zone, indicating a potential downside move.
2️⃣ Liquidity Grab:
The move above 0.9330 likely cleared liquidity from previous highs, trapping buyers and providing fuel for a bearish continuation. This strengthens the short bias.
3️⃣ Supply Zone:
The rejection from the supply zone highlights this area as a high-probability region for initiating short trades. It aligns with a previous imbalance and liquidity pocket.
4️⃣ Volume Confirmation:
The Volume Profile indicates significant activity near 0.9330, where price has struggled to break higher. This confirms strong sell-side interest at these levels.
5️⃣ Fibonacci Confluence:
This zone also aligns with the premium retracement area from a larger downtrend, adding confluence for a potential reversal.
6️⃣ Trade Idea:
Looking for a short position targeting the next demand zone around 0.9300. This is where significant buy-side interest previously emerged.
Entry: Around 0.9330
Target: 0.9300
Stop Loss: Above 0.9345
This setup leverages clear technical confluences, including supply rejection, liquidity grabs, and strong volume areas.
Overlap resistance ahead?The Fiber (EUR/USD) is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support which is a pullback support.
Pivot: 1.0604
1st Support: 1.0452
1st Resistance: 1.0705
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.
Potential bullish bounce?EUR/USD is falling towards the support level which is an overlap support that is slightly below the 23.6% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.0519
Why we like it:
There is an overlap support level that is slightly below the 23.6% Fibonacci retracement.
Stop loss: 1.0453
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 1.0657
Why we like it:
There is a pullback resistance level that is slightly above the 50% Fibonacci retracement.
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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.
EURUSD broke out and is targeting the 4hour MA200.EURUSD confirmed a bullish break out after crossing over the 4hour MA50.
The emerging Channel Up turned the MA50 into the Support that is expected to extend the bullish trend.
The last time this happened was on October 29th and the uptrend extended all the way near the 4hour MA200 and hit the 2.0 Fib.
The RSI fractals are identical.
Buy and target 1.06700.
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EURCHF: Bottom formed. Aiming now for the 1D MA200.EURCHF is marginally bearish on its 1D technical outlook (RSI = 43.619, MACD = -0.002, ADX = 46.597) as after hitting the bottom of the S1 Zone, it rebounded and is now consolidating below the 1D MA50. This is a bottoming pattern and like the two before it in a span of 1 year, it should aim for at least the 1D MA200 (TP = 0.95500).
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TradeCityPro | EURCHF Analysis Rejection or Breakout?👋 Welcome to the TradeCityPro channel!
Let’s analyze this forex pair in a simple way and set triggers and alerts to prepare for potential trades.
🌍 Fundamental Overview
Euro (EUR):
Backed by the ECB's cautious stance on inflation, though mixed economic data, like declining industrial output, limits its strength.
Swiss Franc (CHF):
Strong as a safe-haven currency, bolstered by geopolitical risks. The SNB maintains a hawkish monetary policy to ensure inflation stability.
The monetary policy divergence between the ECB's mild tightening and the SNB's hawkish approach adds bearish pressure on EURCHF, favoring CHF during risk-off sentiment.
⏱ 4-Hour Timeframe
The chart remains strongly bearish, with prices near historic lows, lacking significant support ahead. Fibonacci levels can help identify potential 4H supports.
📉 Short Position Trigger:
After a rejection from the trendline, watch for a move towards the 0.92790 support.
If 0.92790 breaks with momentum, short positions can target: 0.92440 - 0.92187 - 0.91866
📈 Long Position Trigger:
While the chart shows bearish dominance, signs of trend weakness are emerging. However, long trades remain high risk in the current environment.
potential long setup could occur after breaking the trendline and the 0.9335 resistance.
For safer entries, wait for higher highs and higher lows to form, confirming a bullish shift before taking action.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
EURUSD, higher to lower time frame breakdownGreetings, traders! Welcome to this EURUSD market analysis, where we focus on identifying higher-probability trading opportunities.
In this video, I start by analyzing the yearly down to the daily charts, highlighting key trading zones, and discussing the confirmations we look for to optimize our swing entries.
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Trade safely
+100/+200 pips gbpnzd m20 short from resistance short-term🔸Hello traders, let's review the 20 minute chart for GN today. Price
contained withing sliding bear channel previously rejected multiple
times from overhead resistance.
🔸Currently expecting price to pump into overhead resistance and
complete a double top at 1610, that's the likely PRZ level.
🔸Previously rejected from overhead resistance, sequence of lower
highs in progress and expecting yet another rejection into double top
and also re-action with the bear channel.
🔸Recommended strategy for GN traders: short sell high at 1610 SL 50
TP1 +100 pips TP2 +200 pips final exit at 1400. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
EURGBP - Interest rates will stay high for a long time!?The EURGBP currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. In case of a valid failure of the ceiling of the channel, we can see a supply zone and resell within that zone with a reward for the appropriate risk. The breaking of the drawn upward trend line will provide us with the path for the downtrend of this currency pair to the support range.
According to expert analysis, President-elect Donald Trump’s commitment to imposing tariffs on imports from Mexico to the United States could have a greater negative impact on European automakers like Volkswagen and Stellantis, as well as their suppliers, than any direct tariffs on European Union goods.
Should these tariffs be implemented, significant questions would arise regarding the future of global automakers’ operations in Mexico, particularly European manufacturers. Many companies have established factories in Mexico to take advantage of cheaper labor and proximity to the lucrative U.S. market. In response, some automakers may choose to relocate their production facilities to the U.S., abandoning their operations in Mexico.
Bernstein analysts stated in a report to clients that Trump’s tariff threats, if enacted shortly after his inauguration in January, leave little time for automakers and suppliers to adjust to major supply chain disruptions. They wrote: “The consequences of tariffs on imports from Mexico and Canada for U.S. manufacturers are so significant that they do not appear to be merely a bargaining tool.”
Similarly, Stifel analysts noted that around 65% of the vehicles Volkswagen sells in the U.S. would lose their competitive edge if tariffs on imports from Mexico were applied. Volkswagen’s largest car plant in Mexico, located in Puebla, produced approximately 350,000 vehicles in 2023, including Jetta, Tiguan, and Taos models, all destined for the U.S. market.
While automakers and suppliers are exploring various scenarios, predicting future developments remains challenging due to the uncertainty surrounding final decisions.
Nick Klein, vice president of Chicago-based OEC, remarked: “Based on past experience, Trump is likely to use the tariff threat as leverage, but predicting his exact actions is difficult.”
Christine Lagarde, president of the European Central Bank, has suggested that the European Union should engage in discussions with the U.S. regarding potential tariffs rather than immediately implementing retaliatory measures. Lagarde reiterated previous warnings about the adverse effects of a full-scale trade war, proposing that the EU could offer to purchase certain U.S. goods as a gesture of willingness to negotiate. She also stated that it is still too early to assess the impact of these tariffs, but if implemented, they might cause short-term inflationary effects.
Nagel, a member of the ECB, warned that Trump’s proposed tariffs could increase inflation in the Eurozone, presenting a significant risk. He pointed out that if wage growth slows, upward pressure on prices in the services sector would diminish. He also highlighted that Germany’s economy faces challenges that could lead to a recession in the final quarter of the year, with its economic performance lagging behind the Eurozone average.
Philip Lane, ECB Chief Economist, emphasized that restrictive monetary policies should not be maintained for an extended period. In an interview with Les Echos, he advocated for a gradual reduction in interest rates, noting that the rapid rate hikes have curtailed housing investment and encouraged saving over spending. Lane predicted that most inflation targets will be achieved by next year unless new political or geopolitical risks arise. He stressed that monetary policy should not remain excessively restrictive and that further adjustments are needed to achieve stable inflation. Lane also forecasted a rise in consumption during 2025-2026 and called for monetary policy to address both downside and upside risks.
Meanwhile, a UBS note revealed that despite stronger-than-expected inflation data in the UK and the Bank of England’s recent rate cut, market sentiment toward the British pound remains bearish. The inflation figures align with BOE Governor Andrew Bailey’s cautious stance, consistent with his recent call for a gradual approach to rate cuts. The BOE’s reduction of the base rate by 25 basis points to 4.75% on November 7 fits within this broader strategy.
Heading into 50% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 1.0604
1st Support: 1.0452
1st Resistance: 1.0705
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.
Heading into overlap resistance?EUR/CAD is rising towards the resistance level which is an overlap resistance that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.48814
Why we like it:
There is an overlap resistance level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 1.49977
Why we like it:
There is an overlap resistance level that aligns with the 127.2% Fibonacci extension.
Take profit: 1.47138
Why we like it:
There is a pullback support level that lines up with the 38.2% Fibonacci retracement.
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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.
Bearish drop?EUR/JPY is rising towards the resistance level which is an overlap resistance that is slightly above the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 160.72
Why we like it:
There is an overlap reistance level that is slightly above the 23.6% Fibonacci retracement.
Stop loss: 162.22
Why we like it:
There is an overlap resistance which is slightly above the 50% Fibonacci retracement.
Take profit: 158.73
Why we like it:
There is a pullback support level.
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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.
EURGBP: Channel Down and 1D MA50 rejection pushing it lower.EURGBP is neutral on its 1D technical outlook (RSI = 48.920, MACD = 0.000, ADX = 31.550) as it failed to cross over the 1D MA50 and it remains on a LH inside the Channel Down. The weakest decline upon a 1D MA50 rejection has been -1.45%. That is what we're aiming for (TP = 0.82545).
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EURO - Price can bounce up from support area to $1.0685 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago, the price started to decline inside a falling channel, and in a short time, it fell to the $1.0810 level.
Then, the price entered the resistance area, after which it turned around and rose to the resistance line of the channel, making a first gap.
After this, EUR made impulse down, breaking $1.0810 level, exited from channel, and continued to decline in pennant.
In pennant, price fell below $1.0515 level, to support line of this pattern, after which made a second gap and returned back.
Also recently, Euro broke $1.0515 level and exited from pennant and now trades close to this level.
In my mind, price can fall to support area and then bounce up to $1.0685 points.
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EUR/USD: A Day of Stagnation Amid Awaited Data ReleasesOn Tuesday, the EUR/USD currency pair showed a lack of direction, closing nearly unchanged and just below the 1.0500 level. As traders navigate the tight range, the pair continues to move sideways early Wednesday. Market participants are particularly focused on upcoming macroeconomic data from the United States, which could influence the USD's trajectory.
In the American trading session on Tuesday, EUR/USD experienced a slight dip, falling below 1.0450, but managed to regain lost ground as investors reacted to mixed economic reports from the US. This volatility in the dollar's strength was further compounded by a subtle improvement in risk appetite among investors, which restricted demand for the USD.
From a technical analysis perspective, there have been no significant changes since the previous day. Currently, the EUR/USD is trading around 1.05150. As we approach the Thanksgiving holiday, the economic calendar for the US is set to release various pivotal data points. One of the key reports expected today is the weekly Initial Jobless Claims from the US Department of Labor, alongside the Durable Goods Orders figures for October, released by the US Census Bureau.
With the euro showing signs of gaining momentum, it raises the likelihood of a potential bearish correction. Traders are advised to approach today's market with caution, as the interplay between new economic data and market sentiment could have immediate implications for the currency pair.
As investor focus shifts to how these forthcoming data releases will affect the valuation of the USD, it remains critical to monitor both macroeconomic indicators and overall market sentiment for trading opportunities in the EUR/USD pair.
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Bullish bounce off pullback support?EUR/JPY is falling towards the pivot which has been identified as a pullback support and could bounce tot he 1st resistance which acts as an overlap resistance.
Pivot: 158.73
1st Support: 157.41
1st Resistance: 160.59
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 Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.05100 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.05100 support and resistance area.
Trade safe, Joe.
Sell EUR/JPY Bearish ChannelThe EUR/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 161.15
Target Levels:
1st Support – 159.88
2nd Support – 158.91
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.