USD/CHF Approaching Key Resistance – Potential Reversal Ahead?Analysis & Description:
The USD/CHF pair is currently testing a **strong resistance zone**, which previously acted as a significant **supply area**. Price has approached this **key level**, and a potential **rejection** could lead to a bearish move.
#### **Key Observations:**
✅ **Resistance Area (Supply Zone):** Price is retesting a previously respected **resistance** zone.
✅ **Bearish Setup:** If the price fails to break above the **0.90607 level**, a **reversal** could take the pair lower toward the **target area**.
✅ **Volume Confirmation:** Increasing volume near resistance indicates potential selling pressure.
### **Trading Plan:**
📉 **Bearish Scenario:**
- A rejection at **resistance** could lead to a move down toward **0.89267**, aligning with previous support.
- **Stop-loss** can be placed above **0.90607** in case of a breakout.
⚠️ **Bullish Risk:**
- If the price **breaks and holds above the resistance**, the bearish setup could be invalid, and further upside may occur.
### **Final Thought:**
USD/CHF is at a **crucial decision point**. Traders should **watch price action closely** for confirmation of either a **breakout or a rejection** before making a move! 🚨📊
Forexsignal
EUR/USD Potential Rebound – Short-Term Buy Opportunity?Analysis & Description:
The EUR/USD pair has experienced a strong bearish move, pushing the price down to a key support zone near the lower Bollinger Band. A potential bounce-back scenario is forming, as indicated by the setup.
Key Observations:
✅ Bollinger Band Support: Price touched the lower band, suggesting a possible short-term reversal.
✅ Recovery Setup: The chart outlines a bullish recovery with a target around 1.04128 - 1.04169.
✅ Risk-Reward Setup: Stop-loss positioned below the recent low to manage risk effectively.
Trading Plan:
📈 Bullish Scenario:
A successful hold of the support zone could lead to a move toward 1.04169, marking a possible short-term bullish opportunity.
⚠️ Bearish Risk:
If the price breaks below the recent low, the bullish idea could be invalidated, leading to further downside.
Final Thought:
EUR/USD might see a temporary relief rally after the recent drop. A cautious long entry near support could be an opportunity, but traders must manage risk carefully! 🚀📊
Potential bullish rise?The Swissie (USD/CHF) is falling towards the pivot and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 0.8976
1st Support: 0.8940
1st Resistance: 0.9049
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.
USD/JPY Bearish Reversal Key Resistance & Fibonacci Target ZonesOverview:
This USD/JPY daily chart shows a potential bearish reversal setup after a break below key support and trendline structure. The pair has recently dropped below a critical demand zone (highlighted in green), which has now turned into resistance. The price is currently attempting a pullback, and a potential rejection from the resistance zone aligns with Fibonacci retracement levels, indicating a continuation of the downtrend.
Key Levels & Technical Analysis:
Previous Support Turned Resistance: The green zone represents a significant past support area that has now become resistance after a breakdown.
Trendline Break: The upward trendline that supported price action for several months has been broken, confirming bearish momentum.
Fibonacci Retracement Levels:
0.382 (151.265): A minor resistance level for a possible short-term rejection.
0.5 (148.979): A stronger resistance, aligning with structure.
0.618 - 0.786 (145.053 - 143.582): The ultimate bearish targets, coinciding with Fibonacci retracement extensions.
Bearish Projection:
The expected scenario suggests a short-term retracement towards the 151.265-148.979 resistance zone.
If the price faces rejection, a strong bearish continuation could target 145.053 and ultimately 143.582.
Trade Plan:
📌 Short Entry: Around 151.265 - 148.979 if price rejects resistance.
🎯 Target 1: 145.053 (0.70 Fibonacci)
🎯 Target 2: 143.582 (0.786 Fibonacci)
🛑 Stop Loss: Above 152.000 to invalidate the bearish setup.
Conclusion:
The overall sentiment for USD/JPY is bearish after breaking a key trendline and support level. Traders should watch for a pullback into the resistance zone, followed by a bearish rejection for a potential short trade. However, a break above 152.000 could invalidate this setup, shifting momentum back to the bulls.
📉 Bearish Bias Until Key Resistance Holds! 📉
EURUSD Correcting – Another Fall Ahead?Today I want to analyze EURUSD ( FX:EURUSD ) for a 15-minute time frame and whether EURUSD is ready to fall or not.
EURUSD is moving in a Heavy Resistance zone($1.0537-$1.04500) . It also moves in the descending channel in the 15-minute time frame.
According to the theory of Elliott waves , it seems that EURUSD has completed its 5 downward waves , and we should wait for corrective waves . I expect corrective waves to end either in a descending channel or eventually at a Resistance zone($1.0493-$1.0480) .
I expect EURUSD to attack the Support lines in the coming hours, and if the Support lines break , we should expect a decline to at least 100_SMA(4-hour) .
Note: If EURUSD breaks the Resistance line, we can expect more pumps.
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S.Dollar Analyze (EURUSD), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put 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.
Bearish drop?The Aussie (AUD/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: 0.6324
1st Support: 0.6259
1st Resistance: 0.6367
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.
XAUUSD Analysis H2 TimeframeXAUUSD Analysis – Bearish Breakout & Potential Downside Move
Gold (XAUUSD) has broken out of its rising channel, signaling a potential shift in market structure.
After a Break of Structure (BOS), price retested the previous support line, now acting as resistance.
The rejection from this zone confirms bearish momentum, aligning with the breakout retest strategy.
If price fails to reclaim the broken support, we may see further downside towards the highlighted demand zones around $2,870 - $2,850. Traders should watch for rejection or continuation signals before entering new positions.
Bias: Bearish
Key Levels:
📉 Resistance : $2,940 (Breakout Retest Zone)
📉 Targets : $2,870 - $2,850 (Demand Areas)
What’s your take on this setup?
Let me know in the comments!
GOLD (XAU/USD) – Breakout or Deeper Pullback?Hello, Traders! 👋
What are your thoughts on gold?
Gold remains in a robust uptrend, with each downturn providing a buying opportunity inside the trend.
The ideal strategy at this point is to wait patiently for a price pullback to support levels before starting a buy position.
Another method is to wait for a break above the most recent high before buying on a pullback to the broken level.
The bullish trend continues, but trades must be performed with correct risk management and confirmation indications.
What is your opinion on gold? Do you anticipate further growth?
🚀 GOLD (XAU/USD) – Breakout or Deeper Pullback? 🔥
💰 Gold Spot (XAU/USD) - 8H Chart Analysis
🔍 Market Insights:
🔹 Strong Uptrend: Gold continues to hold its bullish momentum, respecting the ascending trendline.
🔹 Key Resistance Zone: The $2,945 - $2,960 area has been acting as a supply zone (black box).
🔹 Fibonacci Support: Price recently tested the 0.236 Fib levels ($2,902 & $2,871), which align with a key demand zone (yellow box).
📈 Two Potential Scenarios:
📌 Bullish Breakout: If price holds above the trendline & reclaims resistance, we may see a breakout towards $2,980 - $3,000 🚀.
📌 Deeper Pullback: If support breaks, we could see a correction to $2,875 - $2,850 before a stronger reversal.
📊 Key Levels to Watch:
✅ Support: $2,902 - $2,871 (Fib Levels & Trendline)
✅ Resistance: $2,945 - $2,960 (Supply Zone)
💬 Do you think gold will break out or dip before the next leg up? Drop your thoughts below! 🔥👇
#gold #xauusd #forex #trading #priceaction #technicalanalysis
Gold buy target This chart represents a trade setup for Gold Spot (XAU/USD) on a 2-hour timeframe using technical analysis. The analysis includes key trading levels:
Entry Point (Yellow - 2,938.690): The planned entry price for a buy (long) position.
Stop Loss (Red - 2,927.485): The price level to limit losses if the trade goes against the trader’s expectation. If the price drops to this level, the position will be automatically closed to prevent further losses.
Target (Blue - 2,962.046): The price level where the trader aims to take profit. If the price reaches this level, the position will be closed to secure gains.
Analysis & Strategy:
The setup anticipates a bullish move, expecting the price to rise from the entry level to the target.
The stop loss is placed below a support zone to minimize downside risk.
If the price respects support and bounces, the trade aims to capture a significant upward move toward the target price.
The risk-to-reward ratio appears favorable, meaning potential profits outweigh the risk taken.
This setup follows a technical breakout or reversal strategy, aiming to capitalize on a potential price increase in gold.
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
The EUR/USD pair is moving within an ascending channel and is currently testing the bottom of the channel. After some consolidation in this support zone, the price is expected to move toward the top of the channel.
What’s your outlook? Will EUR/USD move toward the channel’s top?
Don’t forget to like and share your thoughts in the comments! ❤️
Bearish drop?CAD/JPY is reacting off the pivot and could drop to the 1st support.
Pivot: 107.28
1st Support: 106.21
1st Resistance: 108.28
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 Hits Resistances—Reversal Incoming?As I expected in the previous post , the EURUSD( FX:EURUSD ) touched my Targets and is creating the second top of the ascending channel.
The EURUSD is in the Resistance zone($1.0537-$1.04500) , Potential Reversal Zone(PRZ) , Resistance lines , and Time Reversal Zone(TRZ) near the Monthly Resistance(1) and the upper line of the ascending channel.
In terms of Elliott wave theory , EURUSD seems to be completing microwave 5 of the main wave C of the Zigzag Correction(ABC/5-3-5) .
I expect the EURUSD to start falling soon, and it is likely to form a Head and Shoulders Pattern to continue the decline.
Note: If EURUSD touches $1.055, we can expect more pumps.
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 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.
Bearish drop off overlap resistance?EUR/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 159.53
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 160.24
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Take profit: 157.97
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
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EURUSD’s Bullish Breakout—Targets Set for $1.046 & $1.049!EURUSD ( FX:EURUSD ) came to the above of the 100_SMA(4-hour) once again and managed to break the Resistance zone($1.039-$1.033) and Resistance lines , and today we saw EURUSD made a pullback to this zone.
It is also possible that EURUSD will form an ascending channel , so we have to wait for the second hit to the Upper line and confirm its major point .
I expect the EURUSD to trend higher after coming above the 100_SMA(4-hour) and attacking the next Resistance zone($1.0537-$1.04500) and Resistance lines .
The First Target: $1.04651
The Second Target: $1.04981
Note: If EURUSD touches $1.0347, 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 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.
GBPJPY | 15M | SELL LIMIT ORDER Don't forget to press like if you want to receive updates of this analysis. 🚀
SIGNAL ALERT
SELL LIMIT ORDER - GBPJPY ( OANDA:GBPJPY ) | 193,450 OR 192,146
🟢TP1: 192,000
🟢TP2: 191,840
🟢TP3: 190,753
🔴SL: 193,559
RISK REWARD - 1,51
Thanks to everyone who supports my analysis with likes.🫡