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USDCAD – Reversal Setup Ahead of FOMC DecisionUSD/CAD has bounced off strong support near 1.3770, forming a clean bullish structure into a pivotal week dominated by the FOMC meeting. Price action shows higher lows and a tightening range, signaling a potential breakout. With the Fed expected to hold rates but maintain a hawkish tone, the USD may regain strength — especially against the CAD, which remains under pressure from trade risks and weak oil prices. 🔹 Technical Setup: Structure: Rejection at 1.3770 support with ascending trendline developing. Pattern: Bullish flag breakout (visible on 2H chart). Momentum: Recovery candles suggest buyers regaining control ahead of resistance. Key Levels: Support: 1.3770 – 1.3780 Resistance: TP1: 1.3852 (Fib 61.8%) TP2: 1.3891 (swing high zone) TP3: 1.3950 (major breakout target) Invalidation: Below 1.3760 🧠 Fundamental View: USD Outlook: The Fed is widely expected to hold interest rates steady on May 7, but officials are pushing back against early rate-cut expectations. Chair Powell is likely to emphasize inflation risks and signal no imminent easing. This stance supports USD resilience, especially if the Fed reiterates “higher for longer” messaging. CAD Outlook: The Canadian economy continues to face export challenges from U.S. tariffs, weakening business sentiment. Meanwhile, softening oil prices reduce support for the CAD. With the Bank of Canada having already delivered several rate cuts, it remains more dovish than the Fed — creating a widening policy divergence. 💡 Trade Idea: Bias: Bullish above 1.3780 Entry Zone: 1.3800–1.3820 Target 1: 1.3852 Target 2: 1.3891 Target 3: 1.3950 Stop Loss: Below 1.3760 📌 Watch for volatility during and after the FOMC statement and Powell’s press conference. A hawkish surprise could fuel a sharp move toward 1.39+.
Long
by ultreosforex
2
EURUSD Is Ready to Break Resistance LinesEURUSD ( FX:EURUSD ) is trying to break the Resistance lines , it has tried several times in the past few days but failed. Will EURUSD succeed this time? In terms of Elliott wave theory , it seems that EURUSD has completed the main wave 4 near the Support zone($1.1300-$1.1160) and Support line , and we should wait for impulsive waves . Breaking the Resistance zone($1.1480-$1.1420) can confirm the end of the main wave 4 . Otherwise , the main wave 4 can have other forms. I expect EURUSD to break the Resistance lines in this attack and rise to at least $1.1384 , and the next target can be around $1.1437 . Note: If EURUSD can break below $1.1272(the worst Stop Loss(SL)), we can expect more dumps. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S. Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
1
GBPUSD BIG MOVE COMING?Structure Overview: The market has been ranging within a clear horizontal consolidation zone, with two key zones: Support Zone: 1.32600 - 1.33000 (gray box at the bottom) Resistance Zone : 1.33500 - 1.33800 (gray box at the top) Price recently broke above the upper consolidation range, suggesting bullish momentum. 🔍 Analysis: The pair has broken out of the consolidation range after multiple rejections from the support zone. We now look for a potential retest of the previous resistance (1.33500 area) as new support. Two potential bullish continuation scenarios are highlighted: 📌 Trade Plan: Scenario 1 – Immediate Continuation: If price holds above 1.33500, look for bullish continuation toward: TP1: 1.34026 TP2: 1.34208 Scenario 2 – Retest Setup: Wait for a pullback to the 1.33000–1.33500 zone. Confirmation of bullish rejection (e.g., bullish engulfing or pin bar) could provide a high-probability long setup. Entry: After bullish confirmation in retest zone SL: Below 1.33000 (invalidates breakout) TP: 1.34026 / 1.34208 📉 Invalidations: A clean break and close below 1.33000 may suggest a failed breakout, putting 1.32600 back into play. 🧠 Bias: Bullish (as long as 1.33000 holds) 🕒 Timeframe: 4H
Long
by naumanfx_
XAUUSD NEXT MOVE Over-Reliance on Double Top Projection • The chart assumes a price move straight up to form a “double top” around 3,540–3,550 without acknowledging possible market hesitation or intervening resistance zones. • A double top pattern requires a confirmation of rejection at the same level; assuming it prematurely can be misleading. 2. Support Zone Might Not Be Strong Enough • The “Strong Support and Bullish Area” is drawn around 3,200–3,230, but the bounce shown in the chart is still not well-established. A break below this would invalidate the bullish thesis. • There is no confirmation of higher lows, which is critical for a trend reversal. 3. Overlooked Bearish Pressure • The previous high (around 3,540) led to a sharp selloff, indicating strong supply. This area could be a distribution zone rather than just resistance. • Market sentiment might still be bearish unless a higher high is confirmed. 4. Resistance Area Is Vague • The “Resistance” zone between 3,340–3,360 is too narrow and lacks confluence with indicators like moving averages or volume spikes. • A pullback from this zone is plausible, and it should be treated as a decision area, not just a step before price rallies. 5. Economic Events Are Ignored • There is an icon showing a U.S. economic event, but the chart doesn’t factor in fundamental catalysts, which could disrupt technical patterns significantly.
FOREXCOM:XAUUSDLong
by mrsamfx81
USDJPY NEXT MOVE Assumption of a Bullish Continuation (Without Confirmation) • Disruption: The projected upward path to the “Double Top Resistance” presumes a bullish continuation without confirming signals (e.g., bullish candlestick patterns, volume spikes, or RSI divergence). • Alternative View: Price is currently rejecting the resistance zone and heading downward—this could be the start of a deeper retracement or trend reversal, not just a dip. ⸻ 2. “Strong Support” Zone is Based on a Single Bounce • Disruption: The “Strong Support” zone is derived from a single historical reaction. It might not hold on the next test, especially if momentum and volume increase on the way down. • Counterpoint: Stronger support typically comes from multiple prior reactions or a broader consolidation zone. ⸻ 3. Lack of Consideration for Bearish Structure • Disruption: The broader structure is bearish (from left to right on the chart), with lower highs and lower lows. The analysis skips over this longer-term downtrend context. • Alternative: Instead of anticipating a return to 148, traders might watch for short setups if price fails to break back above the resistance cleanly. ⸻ 4. Volume Decline During the Recent Rally • Disruption: The bullish leg into early May shows diminishing volume. This divergence between price increase and falling volume weakens the bullish case. • Warning Sign: Could indicate a bull trap, followed by a sharper fall through the support. ⸻ 5. Overemphasis on “Double Top” without Neckline Break • Disruption: The projected double top at ~148 assumes that level will be revisited. But without a confirmed breakout through 144.000, it’s premature to predict such a move. • Risk: Traders buying now on this expectation may be caught in a pullback that dips below the “Strong Support.”
Long
by mrsamfx81
1
EURUSD NEXT MOVE. BIG FALL SOON Overreliance on Double Top Resistance Disruption: The “Double Top Resistance” at around 1.13600 may not be reliable unless confirmed by volume or reversal patterns. It’s only touched twice and could also be part of a broader consolidation range. Counterpoint: If buyers are still showing strength near resistance (as seen in volume spikes), this might signal an eventual breakout rather than a strong rejection. 2. Support Zones Too Close Disruption: The “Support” and “Strong Support” levels are relatively close (about 30-40 pips apart). This could reduce the predictive value of the support levels, especially in a volatile market like forex Alternative: A single, broader support zone with a midpoint could provide a more flexible analysis. Downtrend Line Interpretation Disruption: The downward trendline assumes continued bearish pressure. However, the price has been forming higher lows, suggesting a possible trend shift Alternative Perspective: If price breaks above the descending trendline with strong volume, it could invalidate the bearish bias 4. Volume Ignored in Prediction Path Disruption: The prediction path in light blue doesn’t incorporate volume behavior. Without volume confirmation, price movement patterns can be misleading Improvement: Use volume at key resistance/support areas to validate breakouts or rejections 5. Lack of Fundamental Context • Disruption: The chart is entirely technical. Upcoming economic data (like ECB or Fed announcements) could drastically change market behavior, rendering technical patterns ineffective.
Long
by mrsamfx81
GOLD NEXT MOVE NEXT WEEK GOLD BIG DOWN GOLD SELL NOW 3230- LIMIT 3240=3250 FIRST TARGET 3200 NEXT TARGET 3180 LONG TARGET 3150 Counter-Analysis to the Bearish Bias 1. Volume Analysis Suggests Demand at Lows The highlighted "Strong Support" zone around 3,156 shows high buying volume—evidenced by the tall green bars on the volume histogram. This may indicate accumulation, not preparation for breakdown, contrary to the red arrows implying a strong downward continuation. 2. Oversold Market Conditions Given the repeated tests of lower support zones without major follow-through, there's a risk of bearish exhaustion. A reversal pattern (e.g., double bottom or inverse head and shoulders) could form near 3,215 or 3,187. 3. Failed Breakdown Possibility Price rebounded sharply from the support zone below 3,220, which could be interpreted as a bear trap. If price closes above the 3,248 resistance level, the market may target the 3,294 and even higher levels, invalidating the bearish roadmap. 4. Ignored Higher Timeframe Context This chart is on a 1H timeframe, but without a higher timeframe reference (e.g., 4H or Daily), the bias may be misleading. If the daily chart is bullish or consolidating, this 1H downtrend could just be a retracement. 5. No Confirmation of Breakdown Yet None of the major support levels (e.g., 3,215 or 3,187) have been broken with high volume and strong candles. Until a confirmed lower low below 3,156 is printed, this remains a range or consolidation, not a breakdown. Alternative Bullish Scenario If price holds above 3,215 and breaks 3,248 with volume, the next target could be: 3,293 (Resistance) Possibly 3,320 and above (double top region
TVC:GOLDLong
by mrsamfx81
Bearish reversal?USD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which is a pullback support. Pivot: 146.90 1st Support: 142.06 1st Resistance: 150.92 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.
Short
by ICmarkets
1
NZDCHF Bullish Outlook – Wedge Breakout Setup in PlayAscending Structure: Price action has been respecting a series of higher lows, supported by an ascending trendline – a key indicator of bullish pressure. Bullish Flag/Wedge Formation: The current price is consolidating inside a rising wedge, typically seen as a continuation pattern in bullish trends, especially when preceded by a strong rally. Breakout Zone: A breakout above the wedge resistance (~0.4915–0.4930) opens the path to retest the recent high at 0.4953, and further to 0.4985 resistance. Volume & Momentum: If confirmed by bullish momentum or strong candle close above the wedge, it validates further upside. Key Levels: Support: 0.4870 (trendline base), 0.4800 (invalidates setup) Immediate Resistance: 0.4930 Targets: TP1: 0.4953 TP2: 0.4985 (measured move from wedge) ✅ Confluence for Bullish Setup: Price respecting higher low structure. Bullish consolidation wedge near previous highs. Clean upside path if price breaks above 0.4930. ⚠️ Invalidation: If price breaks below 0.4870, this would invalidate the bullish structure and could suggest a retest of 0.4800, making the current setup a potential bull trap.
Long
by ultreosforex
USD/JPY : Bull or Bear? Let's See! (READ THE CAPTION)Upon reviewing the USD/JPY chart on the daily timeframe, we observe that due to the sharp drop in the Dollar Index, the price has reached the 140.850 level. This decline was very strong and impulsive; however, as seen on the chart, the price has now approached a significant demand zone between 139.6 and 141. If the price manages to close and stabilize above this area, we can expect a further bullish move from this pair. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
6
EURNZD strong daily demand level at 1.89. Long biasSupply and demand imbalances are the driving forces behind price movements in the Forex market. By identifying these key zones or imbalances, traders can anticipate high-probability reversal or continuation setups. Today, we’ll analyze the EURNZD cross pair, which has recently formed a strong demand imbalance at $1.89—the most significant impulse in months. The Power of Supply & Demand Imbalances Supply and demand trading revolves around identifying areas where price has made a strong, impulsive move (demand or supply zone) and then waiting for a retracement into that zone for a potential reversal or continuation. Key Characteristics of a Strong Imbalance: ✅ Extended Range Candles (ERC): Strong, wide-bodied candles indicate institutional buying/selling. ✅ Strong Imbalance: A clear shift in market structure after a strong rally or drop. ✅ Fresh Zone: The imbalance has not been tested yet or has only been tested once.
by AlfonsoMoreno
Bitcoin sell technical analysis Description: Bitcoin is rejecting major resistance near $94,000 after forming a bearish engulfing candle on the 4H chart. • Key Resistance: $94,000–$95,000 zone rejected with strong selling pressure. • RSI Divergence: Bearish divergence between price and RSI confirms weakness. • Break of Support: Price broke minor support at $92,800, shifting short-term structure bearish. • Moving Averages: Trading below the 50 EMA on the 4H chart, signaling bearish momentum. Sell Setup: • Look for entries around $93,500–$94,000 (retest zone). • Stop-loss above $95,000. • TP1: $91,000 • TP2: $88,500 Bitcoin is showing clear signs of a pullback — sellers are currently in control.
COINBASE:BTCUSDShort
by US30EMPIRE
EURUSDHello Traders! 👋 What are your thoughts on EURUSD? After a strong bullish rally that led to a breakout above the 1.12 resistance zone, EURUSD is now undergoing a correction. We expect the price to pull back toward the identified support zone, where it may find demand and begin a new bullish wave. As long as the price holds above the specified support zone and the ascending trendline, our outlook remains bullish. A successful retest of support could pave the way for the next leg higher. Will the pullback offer a buying opportunity, or is a deeper correction ahead? Share your thoughts below! Don’t forget to like and share your thoughts in the comments! ❤️
Long
by HAMED_AZ
18